Nvidia, AI Stocks Tumble as China Chip Progress Sparks Selloff | The Pulse 7/28/2026
A selloff in semiconductor stocks has deepened as signs of progress in China’s advanced chipmaking added to fears about the sustainability of the artificial intelligence spending boom.
President Donald Trump said the US and Iran were engaged in diplomatic talks to end the Middle East conflict, but warned the two sides would return to fighting if negotiations didn’t yield a deal. Iran said no formal negotiations are currently taking place.
Barclays shares dropped the most in more than a year after its second-quarter earnings showed US consumer banking and investment bank growth had not matched the pace set by American rivals.
Today’s guests: Laura Cooper, Nuveen Global Investment Strategist and Head of Macro Credit; Anna Skoglund, Goldman Sachs Co-Head of EMEA Investment Banking and EMEA Head of the Financial and Strategic Investors Group
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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
00:02:07 – Global semiconductor selloff deepens
00:05:17 – Laura Cooper, Nuveen Global Investment Strategist and Head of Macro Credit
00:10:22 – Barclays 2Q investment bank revenue beats estimates
00:13:52 – Nuveen’s Cooper on earnings season
00:17:22 – Trump: ‘Good chance’ of Iran deal
00:21:43 – Zelenskyy secures jamming tech in the UK
00:25:12 – Tuesday headlines
00:25:55 – Anna Skoglund, Goldman Sachs Co-Head of EMEA Investment Banking and EMEA Head of the Financial and Strategic Investors Group
00:33:49 – Barclays CEO: Truly happy with business diversification
00:36:56 – Labour MPs warn against ‘punitive’ UK welfare cuts
00:37:14 – Fires in Spain and France staiblize
00:42:08 – Tuesday top stories
00:43:11 – Philips CEO: Freight, chip costs pressuring margins
00:44:00 – Mercedes gains, earnings beat offsets guidance cut
00:46:44 – LVMH drops as key unit miss offsets solid profits
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