Nasdaq posts worst day since 2022 as Trump rattles markets [Video]
|Midweek turmoil hit global chip stocks following reports of tighter US export restrictions and rising geopolitical tensions, spurred by remarks from former President Donald Trump. We also unpack comments from the former US President on his thoughts on Federal Reserve Chair Jerome Powell, his view on interest rates, and why he may draft in help from J.P. Morgan CEO Jamie Dimon. On the other side of the Atlantic, UK inflation held steady in June, aligning with the Bank of England's 2% target. However, traders were more focused on the unexpected surge in inflation within the UK services sector. A must-listen for anyone looking to understand the interplay between current events and market dynamics! Introduction (00:01) Nasdaq sell-off (2:12) Trump rattles chip stocks (3:01) The sell-off in context (7:58) The impact on geopolitics (9:16) Fed Powell's comments on interest rates (12:13) Trump's comment on Powell's future (14:25) Could Jamie Dimon become Treasury Secretary (15:51) UK services inflation proves sticky (22:06).
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