A rout in the artificial intelligence trade faded, offering global stock investors some respite in the final session of a volatile week, with further gains in oil prices keeping sentiment cautious.
Bloomberg has learned OpenAI, which is seeking to raise around $30 billion in a fresh funding round, is now targeting a valuation of $1.25 trillion during the final stages of negotiations.
French authorities are bracing for a new round of protests Saturday, rolling out the military to back up police in a bid to prevent a repeat of last weekend’s riots and reassure markets unnerved by the violence.
Today’s guests: Geoff Yu, BNY Senior Market Strategist; James Murray, Financial Secretary to the UK Treasury; Martin Quencez, German Marshall Fund of the United States Senior Fellow & Special Adviser to the President; Oskar Lewnowski, Orion Resource Partners Founder & Group CEO
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – Tech trade under pressure
00:03:00 – Oil rises as Middle East tensions ratchet up
00:04:25 – Treasuries surge as worldwide worries spark rush to safety
00:07:39 – France braces for more protests
00:16:58 – BlackRock’s Schwarzman on AI buildout
00:19:40 – Interview: James Murray, Financial Secretary to UK Treasury
00:28:54 – US midterms lookahead
00:32:07 – Israel gears up for elections
00:39:34 – Earnings in focus: Kering slumps
00:43:26 – Critical minerals race intensifies
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