TSMC Earnings Beat Lofty Estimates | Daybreak Europe 7/16/2026
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, TSMC posted quarterly profit that beat estimates by a significant margin, highlighting robust global demand for AI computing. The main chipmaker for Nvidia and Apple reported second quarter net income of $22 billion, while revenue rose 36%.
The US completed another round of attacks on Iran, that it says were intended to degrade the country's ability to attack ships in the Strait of Hormuz. President Trump has pledged to intensify bombardment and claims Tehran is seeking more talks after the US strikes degraded its missile and drone capabilities. And incoming UK Prime Minister Andy Burnham is reportedly set to name Home Secretary Shabana Mahmood as his Chancellor. This according to reports in newspapers including the Financial Times. A spokesperson for Burnham says no final decision has been made.
Today's guest: Morten Wierod, ABB, CEO. Chapters 00:00:00 - Daybreak Europe 00:00:42 - Chip Selloff Extends Into Asia 00:11:10 - US Launches Strikes on Iran Over Hormuz 00:14:47 - US Targets Buyers of Russian Oil & Gas With New Bill 00:17:57 - CIA Says AI Drones Give Russian Troops Only 30 Minutes to Live 00:20:24 - Mahmood Set to Become UK Chancellor 00:22:36 - Dimon Warns of Broad Mythos Access 00:25:46 - TSMC Earnings Beat Lofty Estimates 00:29:11 - Morten Wierod, ABB, CEO 00:37:00 - TSMC Earnings Bet on All Key Merits 00:41:54 - Jamieson Greer Speaks on Pharma Dependence More on Bloomberg Television and Markets Like this video?
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