US equity futures waver and Treasuries fall ahead of quarterly results from Nvidia and July’s PCE data, the Federal Reserve’s preferred inflation gauge. The Trump administration mulls additional trade measures against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US. Matt Maley of Miller Tabak looks ahead to the inflation data and earnings.
Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:46 – Global Market Check: Asia & European Markets Ahead of Nvidia Earnings
00:03:48 – First Look Movers: Nvidia, Intuit & Zoom
00:05:12 – What to Watch in Nvidia Earnings, Huawei’s AI Data Center Push in Egypt
00:09:22 – Treasury Yields, Oil & PCE Inflation
00:12:24 – Trending on the Terminal
00:14:17 – US-Canada Trade War Escalates
00:17:30 – Iran-Oman Strait of Hormuz Deal
00:19:47 – Front Page News
00:21:33 – Market Check: Nvidia, Yields & Oil
00:23:13 – First Look Movers: Nvidia, Intuit & SolarEdge Premarket
00:24:42 – Matt Maley, Chief Market Strategist at Miller Tabak, on Which Parts of the AI Trade Are at Risk & Treasury Yields, Debt & Stock Valuations
00:32:47 – Trending on the Terminal
00:34:17 – Nvidia Earnings & AI Infrastructure Demand, SoftBank’s $20 Billion OpenAI Financing
00:38:41 – US-Iran Tensions & Strait of Hormuz
00:42:38 – What to Watch
——–
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