Bloomberg Television·2026-07-21 11:37Semiconductor Industry & AI Market - TSMC plans to raise chipmaking prices by up to 10% starting next year, reflecting persistent supply-demand imbalances and inflationary cost pressures [2][13][44] - The AI trade shows renewed momentum, with chipmakers leading gains in Asian and European markets, spilling over into U.S. tech stocks [2][4][10][47] - Analysts suggest the AI build-out creates upward pressure on capital spending budgets for hyperscalers and hardware costs for consumers [14][15] - UBS trading desk indicates the momentum selloff may be nearing its end, presenting opportunities to rebuild AI-related positions [7][45] Macroeconomic & Geopolitical Risks - Goldman Sachs forecasts Brent crude could reach $120 per barrel in Q4 if the Strait of Hormuz remains closed due to escalating regional conflicts [9][46] - The U.S. administration intends to impose a 50% tariff on approximately $20 billion worth of Canadian goods, representing about 5% of total U.S. imports from Canada [1][24][25] - U.S. 30-year Treasury yields have risen to 5.12%, while the 10-year yield approaches 4.60%, reflecting market concerns over fiscal policy and future rate hikes [8][45][54][63] Corporate & Policy Developments - The U.K. defense sector, including BAE Systems, is reacting positively to the appointment of John Healey as Chancellor, with expectations for increased defense spending [11][12][48] - A federal judge has paused Paramount's $110 billion takeover of Warner Bros [29] - The new U.K. administration plans to scrap the 5% tax on electricity bills starting in October, funded by the cancellation of ID card programs [34][35] - Lockheed Martin emphasizes the F-35 program's role as an interoperable platform, noting that it produces aircraft at five times the speed of other fighters and supports over 20,000 U.K. jobs [70][75][82]