Bloomberg

A low-profile hedge fund executive who’s among the dozens of disciples tracing their roots to the late investing legend Julian Robertson is poised to become the face of the Trump administration’s sanctions strategy.

European and Asian markets soared on Thursday, mirroring a dizzying rally on Wall Street, after US President Donald Trump announced a 90-day pause on higher tariffs just hours after they came into effect. But there was no reprieve for China, which now faces import levies of 125%. Traders now shifting their attention to the damage caused by the trade war, sending US futures tumbling.

Today's guests: Virginie Maisonneuve, Allianz Global Investors; Tina Fordham, Fordham Global Foresight Founder; Jean-Claude Trichet, Former European Central Bank President; Jeff Currie, Carlyle, Energy Pathways Chief Strategy Officer

"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. (Source: Bloomberg)

The Middle East, a bright spot for new share sales for four years, faces a significant challenge from the recent volatility in equity markets and a slump in oil prices. Even so, bankers are hopeful that dealflow will resume in coming weeks.

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, discusses his firm’s stock and bond allocations in the current market environment and makes the case for being modestly overweight US equities. (Source: Bloomberg)

US equity futures sell off after the President triggered a relief rally by postponing most higher tariff rates for foreign trading partners, except China. Tim Graf of State Street points to the potential for financial dislocation to extend as the reason for Trump's postponement. This isn't time to be on the offensive, says Keith Lerner of Truist. Rob Arnott of Research Affiliates calls the breadth of available opportunities extraordinary. "Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)

Tata Consultancy Services Ltd. reported fourth-quarter earnings that missed analysts’ estimates after corporations curtailed spending on information technology amid global geopolitical tumult.

Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner previews an important day in court for Meta and the FTC, with major implications for the future of the social media titan.

Persistent concerns that Alphabet Inc. has fallen behind in the artificial intelligence supremacy race has weighed on the stock this year, and not even the cheapest earnings multiple in about two years, or limited risk from tariffs, has been enough to entice investors.

The last six months have given the US climate tech sector an extreme case of whiplash, yet venture funding to the industry is on the rise.

Jeff Currie, Chief Strategy Officer for Energy Pathways at Carlyle, says there’s a lot of downside risk, with oil and commodities “in the cross-hairs” of the trade war.

“I think oil probably has this right in re-pricing the risk again this morning,” he said. Currie joins "The Pulse with Francine Lacqua" on Bloomberg Television. (Source: Bloomberg)

Estonia’s parliament passed a law forcing the local affiliate of the Russian Orthodox Church to sever ties with its pro-Kremlin leadership in Moscow, in an escalating standoff with an institution widely seen as an instrument of Russian soft power.

US Federal Reserve Governor Michelle Bowman is set to face scrutiny at a Senate Banking Committee hearing on Thursday as lawmakers consider her nomination to serve as vice chair for supervision.

The United Arab Emirates is stepping up efforts to formalize succession planning among its wealthiest families, moves aimed at avoiding conflicts and economic disruption when control passes on to the next generation.

Amazon.com Inc. has to operate like the “world’s largest startup” as it works to meet demand for artificial intelligence and cut bureaucracy in its ranks, Chief Executive Officer Andy Jassy said in his annual letter to shareholders.

Abu Dhabi wealth fund Mubadala Investment Co. agreed to buy a stake in natural gas production and export projects in the US, weeks after the Middle Eastern emirate promised major investments in America.

China said it will reduce the number of US films allowed to enter the country, hours after President Donald Trump imposed record tariffs on Chinese products.

US President Donald Trump’s tariffs will lead to the US being isolated from the rest of the world, according to Tadashi Yanai, chief executive officer of Uniqlo owner Fast Retailing Co.

China hit back at Ukrainian President Volodymyr Zelenskiy after he said Kyiv’s intelligence services identified at least 155 Chinese nationals fighting alongside Moscow’s troops, escalating a dispute over the issue.

Five gut-wrenching days after Donald Trump's America-versus-the-world trade war threw stock and bond markets around the globe into disarray, he backpedaled and, in the process, pulled the financial system back from the brink. After starting the day lower, the S&P 500 Index soared nearly 10%, while the Nasdaq Composite Index jumped by the most since 2001. Short-term Treasuries sank, reversing earlier gains, as investors pared bets on interest-rate cuts and the dollar rose versus haven currencies like the Japanese yen and Swiss franc.

In Europe The Stoxx Europe 600 Index was 7.3% higher, with all sectors in the green and banks and tech stocks leading gains at the open. Our Market Reporter Valerie Tytel joins Stephen Carroll and Tom Mackenzie on Bloomberg Radio with the details.

(Source: Bloomberg)

The European Union may delay the implementation of its counter tariffs against the US over the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminum exports, according to people familiar with the matter.

Australia’s central bank chief Michele Bullock on Thursday called for patience as policymakers try to come to grips with how the new US tariff regime might affect global demand and supply.

The International Court of Justice began hearing Sudan’s case of complicity in genocide against the United Arab Emirates for its alleged involvement in the North African country’s brutal civil war, the world’s worst humanitarian crisis.

Ukrainian Prime Minister Denys Shmyhal said any minerals agreement with the US can’t hurt his country’s aspirations to join the European Union as Kyiv dispatches a team to Washington for talks this week.