Meta Fuels AI Capacity Glut Fears, Chip Stocks Slump | The Pulse 7/2/2026
Chip stocks fell after Meta's plan to develop a business that would sell access to AI computing power raised worries about overcapacity. OpenAI has begun
Chip stocks fell after Meta's plan to develop a business that would sell access to AI computing power raised worries about overcapacity. OpenAI has begun preliminary discussions about giving the US government a 5% stake in the ChatGPT-developer, according to the Financial Times, citing two people familiar with the talks. Oil has extended its slide to pre-war levels as flows through the Strait of Hormuz increase and traders grapple with signs of oversupply. Today's guests: Paul Donovan, UBS Global Wealth Management Chief Economist, Vlad Tenev, Robinhood CEO, Jim DeMare, Bank of America Co-President, George Arison, Grindr CEO "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 - Fed's Warsh speaks at ECB forum in Sintra 00:01:05 - Paul Donovan, UBS Global Wealth Management Chief Economist 00:07:15 - Apple seeks to buy Chinese-made memory chips 00:10:07 - Paul Donovan, UBS Global Wealth Management Chief Economist 00:13:18 - Vlad Tenev, Robinhood CEO 00:23:42 - Thursday headlines 00:24:11 - Central bankers respond to inflation outlook 00:25:25 - Jim DeMare, Bank of America Co-President 00:37:48 - The Big Take: The Leveraged AI Bet That’s Whipsawing Markets Around the World 00:41:15 - George Arison, Grindr CEO More on Bloomberg Television and Markets Like this video?
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