Financial markets are another target of opportunity. IBM scored an early advantage this year when HSBC said it used the tech company's heron quantum processor to make a 34% improvement in predicting how likely a bond will trade at [music] a given price. I >> think there's a lot of excitement in the market space as well, right.Especially because um optimization is certainly in another area which we know is a classically difficult problem and um from the point of view of actually using a quantum computer to a ...

Let me first ask you about the headline number. It was a blowout. We were only expecting 51,000 in our survey and far more than double.That is what we got. How strong is this economy. 119,000 new jobs.I think that is a solid report for the American people and for the workforce. We have seen over and over again, you know, that we want to have these gains. And it's those investments by this administration and this president.I think that's what you're seeing come online. So this was a solid report for these Se ...

With the jobs number. Here's my Mickey. Come on in, Mike.Good morning, John. 119,000 jobs during the month of September. Better than the of double basically the forecast of 51,000.So it turns out to be a pretty good number for the month. And the unemployment rate comes in higher 4.4%. So an argument on both sides of the employment mandate there, labor force participation rate at 62.4% goes up.Average hourly earnings, 2/10 of a percent is lower than the 3/10 forecast in the 3/10 in August. On a year over yea ...

US equity futures advance as an upbeat forecast from Nvidia soothes fears of an AI spending bubble. Investors brace for the release of the delayed September payrolls report after the latest FOMC meeting minutes showed "many" policymakers leaned against a December rate cut. President Trump signed a bill to compel the US Justice Department to release the files on Jeffrey Epstein. Frank Lee of HSBC discusses Nvidia's earnings results. Keith Lerner of Truist looks ahead to the labor market data. Chapters: 00:00 ...

Bloomberg presents live coverage and analysis of UK Chancellor of the Exchequer's budget announcement. Hosted by Anna Edwards. ...

In July 2025, Standard Chartered became the first major bank to enable spot trading of cryptocurrencies. Winters and De Giorgi say they are taking necessary steps at a moment of transformation for global finance. When I look at the way our financial markets business has evolved in response to shifting client needs, there's a constant need to innovate, the constant need to innovate in terms of payment systems.And there's the big one that that's being. It's getting a lot of airtime now, which is, you know, ar ...

At a time when trade wars and geopolitical volatility often dominate the headlines, Standard Chartered Leadership rejects the premise that globalization is in decline. I don't buy the narrative of globalization. I think that globalization is alive and well.It's just that it's different. It's it's not diminished. It moves in different ways.It's getting more complicated for people to connect. Yes, the desire to connect is greater than ever. And in fact, the desire to create new connections is greater than eve ...

AI & Tech Industry Analysis - Shorting Nvidia or other big tech names is considered risky in the current market [2] - Focus should be on shorting AI "pretenders" rather than the leaders in the AI space [2][3] - An oversupply of speculative assets will eventually crush demand for those assets, potentially impacting leading AI companies [4][5] - Large language models (LLMs) are useful for parsing information and creating summaries, but haven't yet helped with pattern recognition [8][11] - There's uncertainty about how much capital expenditure (CapEx) for AI data centers is allocated to LLMs versus other forms of AI [9][10] - LLMs are expected to significantly impact the legal industry by automating document review and synthesis [13][14] Market Dynamics & Investment Strategies - Passive investing has diminished price discovery in the markets [15] - The "Inelastic Market Hypothesis" suggests that demand for stocks is not sensitive to price increases [16][17] - Every net dollar flowing into the US market increases aggregate market cap by $5 [17] - Passive investment strategies are becoming the market, leading to dispersion in indices where a small number of companies drive overall performance [18][19] - Junior mining, particularly in companies like Snow Line, presents an edge due to under-allocation of talent and limited investor understanding [21][22]

NVIDIA and Big Tech - NVIDIA earnings were expected to be strong due to being a major beneficiary of the current massive CapEx bubble [1][2] - The temporary pullback in stocks is not the bursting of the bubble; the air bubble is expected to inflate significantly further into 2026 [2] - Short-term pressure on retail favorites and momentum stocks, potentially driven by the crypto sector, may not be fully exhausted [3] - NVIDIA earnings may not have fundamentally changed the short-term pressure on frothier stocks [3] Macroeconomic Factors and Fed Policy - There is increasing suspicion that a December Fed rate cut may not occur [5] - The potential lack of a Fed rate cut in December could weigh on asset prices in the short term [5][8] - A Fed policy that is too easy for the economic fundamentals helps asset prices, but the bubble is its own dominant theme [9] - The US economy is not currently seen as careening off a cliff edge, suggesting a preemptive rate cut is not necessary [7] Investment Strategy - It is not completely convinced that now is the time to buy the dip [4] - The bubble is in the inflation stage of incredible CapEx spending, which benefits some of the big names [10]

Property Market Overview - China's property woes are entering their fifth year, impacting deflation and consumption due to deteriorated household wealth [1] - Previous easing measures in tier one cities like Beijing, Shanghai, and Shenzhen have failed to rekindle interest in the property sector [2][3] - Bloomberg Intelligence estimates hundreds of billions of yuan in negative equity, a trend expected to accelerate into 2026 [5] Policy Response - Authorities are considering new measures, including mortgage subsidies for new homebuyers, income tax rebates for mortgage borrowers, and lowered home transaction costs [2] - More forceful policy support is being called for, with authorities examining different plans [3] - Timing and specifics of these proposals remain unknown, but discussions have been ongoing since the third quarter [4] Financial System Risks - Negative equity is expected to intensify, weighing on buyer confidence and contributing to further home sales decline [6] - Destabilization of the financial system is a paramount concern for authorities as they head into 2026 [7] - A rise in nonperforming loans and households sitting on negative equity due to significant household wealth tied to property (upwards of 60%) will significantly impact the financial system's balance sheets and loan portfolios [9] Upcoming Events - Top policymakers have held closed-door meetings to develop the next five-year plan, likely to be revealed at the National People's Congress (NPC) in March [7] - There is urgency for policies to be released before the NPC meets in early March [8]