Chrystia Freeland, Bloomberg contributor and former Canadian deputy prime minister, says China is the biggest beneficiary of trade tensions between the US and Canada. She speaks to David Westin.
Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, previews Nvidia earnings. Nvidia Corp.'s earnings report on Wednesday afternoon comes at a critical time for the US stock market with investors increasingly nervous about the outlook for artificial intelligence. While most Wall Street pros are anticipating strong results from the chipmaker amid ballooning spending on computing infrastructure, there is less certainty about how its shares and others will respond at a time when fears about AI disruption and the staying power of heavy investments are dominating the tape. "Even if they have tremendous numbers, we know the markets are really fickle," said Ken Mahoney, president of Mahoney Asset Management.
UBS strategists say private credit could see default rates surge as high as 15% if artificial intelligence triggers an "aggressive" disruption among corporate borrowers. Bloomberg's Silas Brown has more from London.
Seaport Global Senior Analyst Jay Goldberg is the only analyst with a sell on Nvidia. They report earnings after the bell. Goldberg says he sees little scope for meaningful upside. He speaks on "Bloomberg Surveillance."
US Trade Representative Jamieson Greer says President Donald Trump will sign a supplemental proclamation to increase the tariff level to 15% "where appropriate," as the US seeks "continuity" on tariffs. Greer also discusses expectations for the UK and European Union to honor their existing trade deals and the Trump administration wanting to fix gaps in the trade deal with Canada and Mexico.
US Trade Representative Jamieson Greer says President Donald Trump will sign a supplemental proclamation to increase the tariff level to 15% "where appropriate," as the US seeks "continuity" on tariffs.
Kate Moore, CIO at Citi Wealth, says she is not bearish on equities, but is still cautious on taking risk in duration in her portfolio.
"The options market is telling you right now that investors are very hedged for a more challenging outcome in Iran," says Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, as he sees a potential Mideast conflict as the next catalyst for markets.
Clare Pleydell-Bouverie, Liontrust fund manager, discusses market concerns following a report by Citrini Research that described a hypothetical economic plunge in which mass white-collar layoffs create a deflationary cascade that pushes the unemployment rate above 10% while stock prices are wiped out. "There is simply not enough compute that's going to be available in that scenario for that to happen," Pleydell-Bouverie tells Bloomberg TV.
Anthropic has loosened its central safety policy, saying the move is necessary to keep pace in a rapidly changing field after previously pledging to make artificial intelligence guardrails a priority. Mandeep Singh of Bloomberg Intelligence has more on Bloomberg Television.
Deutsche Bank's global head of FX research George Saravelos, who wrote a report that became the subject of US ire, says the episode "really reaffirmed the importance of research independence." Last month, Saravelos warned US President Donald Trump's threats over Greenland may prompt Europe to become less willing to hold US assets. Days later, Treasury Secretary Scott Bessent said that the German bank's CEO had called to dismiss the report. Saravelos speaks on Bloomberg Television.
Brookfield Corporation Chief Executive Officer Bruce Flatt tells Bloomberg's Francine Lacqua private credit software loans are "not a systemic issue." Speaking on Bloomberg Television, Flatt says: "Private credit is very small and software loans are even smaller."
