Stocks Sink Lead by Tech, Amazon & Intel Plunge | Bloomberg The Pulse 08/02/24

The stocks selloff intensified on Friday as concerns deepened over the health of the US economy and the outlook for technology companies. Europe’s Stoxx 600 index dropped 1.5%. Nasdaq futures dropped 1.6% after disappointing results from Amazon and a weak sales report by Intel Corp. In Asia, Japan’s benchmark index sank by the most since 2016 as a stronger yen weighed on the outlook for the country’s export-orientated economy. Earnings from Amazon made investors question once again whether the returns from artificial intelligence are worth the cost, following similar underwhelming reports from Microsoft and Alphabet.

Today's guests: Ursula Marchioni, BlackRock; Laurie Bristow, Former UK Ambassador to Russia
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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:
00:00:29 - Tech Selloff in Premarket amid Earnings & AI Doubt
00:05:25 - Ursula Marchioni, BlackRock
00:13:47 - BOE Offers No Timing on Next Rates Move
00:17:30 - BNP to Buy AXA Asset Management
00:19:40 - Headlines
00:21:58 - Biden Presses Nentanyahu on Truce Deal
00:25:18 - WSJ Reporter Evan Gershkovich Freed
00:26:40 - Laurie Bristow, Former UK Ambassador to Russia
00:34:46 - BOE's Bailey: Don't Expect Zero Rates Again
00:38:26 - IAG Abandons Air Europa Pursuit
00:41:03 - US Premarket Tech Selloff
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