Stocks Fall Ahead of High-Stakes Week; Canada Sees Long US Trade War | Bloomberg Brief 08/24/2026
US equity futures drag as investors await US Treasury Secretary Scott Bessent’s news conference on Iran on Monday as well as the PCE data, Nvidia earnings and Fed Chair Kevin Warsh’s remarks later in the week. Canada sees little chance of resuming trade negotiations with the US before the US midterm elections following unsuccessful talks. Sharon Bell of Goldman Sachs compares the US and Europe’s stock markets. Jane Foley of Rabobank discusses the dollar amid elevated US budget deficit and look ahead to Warsh’s speech on Friday.
Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:42 – Global Market Check: Asian Markets & Tech Stocks, Global Markets, Bonds & Commodities
00:03:41 – First Look Movers: Alibaba, Steel & AI
00:05:08 – Sharon Bell, Goldman Sachs Senior European Equity Strategist, on European Equities & Dollar Weakness & Outlook for European Equities
00:10:58 – Trending on the Terminal
00:12:40 – US-Canada Trade Talks Collapse
00:15:41 – Alibaba’s Big AI Fundraising Push, Nvidia Raises Prices as Memory Costs Soar, & Shein Targets Hong Kong IPO
00:19:51 – Front Page News
00:22:48 – First Look Movers
00:24:05 – Jane Foley, Rabobank Head of FX Strategy, on the Dollar & Treasury Credibility & Bessent, Warsh & US Fiscal Risks
00:32:13 – Trending on the Terminal
00:33:33 – Scott Bessent’s Economic “D-Day” Against Iran, US-Canada Trade War Escalates, Midterm Elections & Trump’s Economic Agenda
00:37:46 – Alibaba’s Record Fundraising, Nvidia’s AI Price Hikes, & Nvidia Eyes Perplexity Investment
00:40:40 – What to Watch
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