President Trump says he may have to become "Mr. Veto" if Democrats win a majority in tomorrow’s midterms, a rare acknowledgement that Republicans could lose the elections. With one day to go, polls suggest Democrats could make gains in the House and Senate as they seek control of both chambers of Congress.
US equity futures advanced to halt a bruising selloff in the artificial intelligence trade, with falling oil prices helping stocks to start the month on a positive note.
Apple reports earnings after the bell on Monday. The iPhone maker’s stock has climbed 25% from a low in late June, adding roughly $1 trillion in market value, as the company’s steady revenue growth and rising free cash flow have offered a haven for investors balked by concerns about heavy spending on AI infrastructure by megacap peers like Alphabet and Amazon.
Today’s guests: Derek Halpenny, MUFG Head of Research for Global Markets; Jeff Currie, Real Macro CEO; Tina Fordham, Fordham Global Foresight Founder
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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 – The Pulse with Francine Lacqua
00:00:51 – Oil slips on report Trump favors Iran diplomacy
00:04:41 – Trump: May become "Mr. Veto" if Dems win Midterms
00:09:23 – Derek Halpenny, MUFG Global Markets Head of Research
00:18:41 – Marks: AI is unlike anything I have ever seen
00:20:31 – Apple results to show early sales of new iPhones
00:23:58 – Monday headlines
00:24:36 – Jeff Currie, Real Macro CEO & Founder
00:31:00 – Midterm roundtable: Fordham Global Foresight’s Tina Fordham & Bloomberg’s Stephanie Baker
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