Tech Stocks Fall Ahead of US Payrolls; Apple, OpenAI Bid with Government | Bloomberg Brief 7/2/2026
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Technology stocks fall ahead of the US June payrolls report. The yen strengthens sharply against the dollar as traders stay alert for a potential intervention from the Japanese government. Apple is said to have appealed to the Trump administration in an effort to buy Chinese-made memory chips from firms on Pentagon's blacklist. OpenAI is reportedly having discussions about giving the US government a 5% stake in the company. Veronica Clark of Citi looks ahead to the June jobs report. 00:00:00 Opening Headlines: Tech rally, payrolls, OpenAI, Apple & yen 00:03:05 Premarket Movers: Tech selloff, Bayer upgrade, American Eagle 00:04:30 Jobs Preview: What matters most in the June payrolls report? 00:08:22 OpenAI proposes handing Trump administration 5% stake 00:14:26 Trending on the Terminal 00:22:27 Front Page News 00:24:17 Payrolls Deep Dive with Michael McKee 00:29:58 Fed reaction, inflation & policy outlook 00:33:02 Trending on the Terminal 00:42:11 What to Watch -------- More on Bloom
Tags: Anthony Dipaola, Chloe Meley, Citigroup Inc., Crude Oil, Donald Trump, Federal Reserve, Geopolitics, Iran, Kevin Warsh, Matthew Bloxham, Mica Soellner, Michael McKee, Oil Markets, Portugal, Sintra, Skylar Montgomery Koning, Stock Market News, Stock Market Outlook, Strait of Hormuz, Tom Mackenzie
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