Bank Earnings Begin as Traders Digest Fed Speak | Bloomberg Businessweek
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF) A selloff in chipmakers deepened on concerns about the sustainability of the artificial-intelligence trade, weighing on stocks as Wall Street banks kicked off the earnings season. In a renewed bout of weakness, a closely watched gauge of semiconductor powerhouses extended its plunge from a June record, while concerns linked to artificial intelligence propagate across sectors. Meantime, New York Fed President John Williams said he still sees one more interest-rate hike as appropriate this year. On today's episode: Herman Chan, Bloomberg Intelligence Senior US Banks Analyst Mamadou-Abou Sarr, Founder & President at V-Square Gautam Mukunda, Bloomberg Opinion Columnist Natalia Emanuel, New York Fed Economist See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Carol Massar and Tim Stenovec bring toget
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