Chris Phelan
Showing 1–3 of 3 interviews.
- Bloomberg Television1h 35m
Asia Tech Rally Defies SoftBank AI Concerns
Haidi Stroud-Watts, Avril Hong, Sam Liang, Aidan Gomez, Erica Poon Werkun, Chris Phelan, Goolsbee, Philip Lane, Heidi Stratwatz, Enda Curran, Michael Shepard, Anthony Stevens, Stephen Engel, Rachel Metz, Kirk Boudry, Jill Desis, Mark Cranfield, Catherine Lim
U.S. inflation data exceeding expectations prompted Federal Reserve officials to debate a 50 basis point rate hike, causing yields to surge while White House officials downplayed the urgency amid falling energy prices. Simultaneously, the artificial intelligence sector attracted massive capital with Anthropic targeting a $1.4 trillion IPO and TSMC deepening investments, even as SoftBank recorded significant losses and investors scrutinized circular financing dynamics. On the geopolitical front, the U.S. House blocked impeachment proceedings against Defense Secretary Pete Hegseth while global markets adjusted to diverging monetary policies from the Federal Reserve and the Bank of Japan.
- Bloomberg Television1h 34m
US Envoy: Nvidia Affair Shows US Should Stay 'Diligent' on China
Yvonne Man, David Ingles, Monica Hsiao, Zino Helmlinger, Chris Phelan, David Perdue, Stephen Engel, Balaj Penn, Anthony Stevens, Juliana Liu, Xie Feng, Jill Deas, April Hong, Kirk Boudry
US inflation data and Fed signals for a potential 50 basis point hike have reshaped interest rate expectations while triggering market volatility in the AI sector, exemplified by Anthropic's historic valuation targets and NVIDIA's $1.7 trillion capitalization decline. Amidst these financial shifts, US and Chinese leaders confirmed upcoming high-level meetings to de-risk trade relations despite ongoing enforcement of China's supply chain controls and the national security implications of the NVIDIA espionage scandal. Regional markets reacted with a divergence between semiconductor gains in Japan and Taiwan against rate-sensitive downturns in China, even as strategists warn of looming debt sustainability risks and cooling AI growth rates.
- Bloomberg Television7 min
White House CEA Chair Says Fed Rate Hike Is Premature
Amid rising core CPI figures and inflation concerns, Federal Reserve Governor Chris Waller advocated for a 50 basis point rate hike while administration officials urged a cautious wait-and-see approach to avoid overreacting to volatile energy prices. This policy divergence highlights an internal disagreement regarding transparency, with Chairman Powell opposing explicit pre-announced thresholds favored by Waller. Separately, the administration dismissed national security allegations against NVIDIA's CEO and rejected company nationalization, attributing US growth to broad investment incentives rather than direct state intervention.