AI Rally Stalls Despite TSMC Earnings Beat | The Pulse 7/16/2026

TSMC has raised its spending and revenue projections for the year, reflecting its confidence that growth in demand for chips and data centers will extend into 2027 and beyond.

The US has launched more airstrikes on Iran after President Donald Trump pledged to intensify the bombardment until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway.

The pound hit its strongest level in a year on speculation incoming Prime Minister Andy Burnham will name a markets-friendly Chancellor of the Exchequer.

Today’s guests: Claudia Panseri, UBS Wealth Management France CIO; Sanam Vakil, Chatham House Middle East and North Africa Programme Director

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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:
00:00:00 – The Pulse with Francine Lacqua
00:00:25 – TSMC hikes sales, spending outlook
00:03:21 – Claudia Panseri, UBS Wealth Management France CIO
00:16:45 – Sanam Vakil, Chatham House Middle East and North Africa Programme Director
00:23:40 – Thursday headlines
00:24:11 – Burnham to name Shabana Mahmood as Chancellor: Report
00:27:17 – EXCLUSIVE: Sarah Breeden, Bank of England Deputy Governor for Financial Stability
00:34:40 – Baidu to pursue dual-primary listing on HKEX main board, Nasdaq
00:35:10 – Fed’s Warsh cools talk that AI boom is spurring inflation
00:38:07 – Goldman leads banks swagger in $100 billion half
00:40:54 – Dimon warns of board Mythos access
00:41:40 – IEA sees $6.5 trillion at risk if China imposes rare-earth curbs
00:45:27 – Protests flare Kyiv over ouster of popular defense minister
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