MSFT, IBM, OpenAi, BoA on AI warnings / UK to get closer to EU again #GBPCHF #GBP/ Copper new highs
- Stéphan
- 2 days ago
- 3 min read
MSFT : Microsoft lowered AI software sales quota as customers resist new products, Nvidia CFO: We still haven’t completed a definitive agreement with OpenAI for the $100 billion, BoA (below) warning about the $120bn issued by the hyperscalers this year alone, IBM CEO Arvind Krishna said there's no way to get a return: "$8 trillion of capex means you need roughly $800 billion of profit just to pay for the interest." >>> this seems like pretty clear warnings?
Markets : weak ADP and ISM services cemented the Dec cut and pushed Eq markets higher (weak macro US and risk goes higher, usd softer..), Bond markets participants warnings over Hassett as Fed Chair, Copper hits fresh record highs, Japan's strongest ever 30y bond auction (after huge bond selloff..), Kushner's trip to Moscow yesterday was not just unethical; it was illegal (Thread) - the amount of corruption, lies & manipulation is totally out of control..., #GBP the UK is going to get closer to EUROPE again, stay long GBP, Brexit failures now clearly being exposed and Labour knows they have to go that way 'closer to EU, not rejoin, but closer', with Swiss inflation flat again #GBPCHF looks a good way to go about it
Trade : Xi Jinping tells France's Macron that decoupling means disruption
It’s now official: Trump has pardoned one of the world’s most notorious drug traffickers. Former Honduran President Juan Orlando Hernández was convicted of drug trafficking last year in the U.S. and sentenced to 45 years in prison
Bank of America says the AI boom isn't heading for a 2000-style bubble burst, but warns investors should brace for an "air pocket." The five hyperscalers issued $121 billion in debt this year to fund AI infrastructure, four times their average annual debt from the past five years, with another $100 billion expected in 2026
Donald Trump’s allies are considering having Treasury Secretary Scott Bessent take on the additional role of heading the National Economic Council if Kevin Hassett becomes Fed chair, a move that would consolidate Bessent’s oversight of Trump’s economic policies. (BBG)
Natural gas prices have 65% in 3 months, with millions of Americans heating with gas facing higher winter bills, brrrrrr!
Scott Bessent may lead National Economic Council alongside Treasury role - Bloomberg By Investing.com
Blatant corruption Company backed by Donald Trump Jr.’s firm nabs $620M government contract
OPENAI DECLARES ‘CODE RED’ AS GOOGLE CLOSES IN OpenAI CEO Sam Altman reportedly issued a “code red,” telling staff to prioritize major improvements to ChatGPT as rivals like Google and Anthropic gain ground. According to internal memos, OpenAI is pausing projects such as ads, shopping tools, health agents, and its Pulse assistant to focus on faster, more reliable, and more personalized ChatGPT performance. Teams will join daily calls, and employees are encouraged to shift temporarily to speed up the upgrades
Nicely summed up the Hassett game plan, pretty fierce ! Common Sense Investor on X: "Positioning for Trump’s New Fed Chair (Kevin Hassett) Why Long Bonds $TLT May Outperform Stocks in a Fast-Cut Cycle! Trump has introduced his new Fed Chair Kevin Hassett- someone known for being pro-growth, pro-liquidity, and openly supportive of lower interest rates. Markets https://t.co/jj1gLqCzdB" / X
Structured products are way to expensive for end users... (to say the least..) Leonteq fällt. Und fällt. Und fällt. – Inside Paradeplatz
Jake Tapper 🦅 on X: "Why did President Trump pardon the former Honduran president, who “helped to facilitate the importation of an almost unfathomable 400 tons of cocaine to this country,” according to prosecutors? https://t.co/HHZH11ksJJ" / X
Judd Legum on X: "1. Kushner's trip to Moscow yesterday was not just unethical; it was illegal. You cannot accept millions from foreign governments and simultaneously conduct diplomacy for the U.S. It's right in the Constitution. https://t.co/bNHGVi9ZxU" / X
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