Zohran Mamdani was elected the 111th mayor of New York in a historic victory that will put an avowed democratic socialist in charge of the city. When Mamdani is sworn in on Jan. 1, the 34-year-old state lawmaker from Queens will be the youngest person to hold the office in a century.
The global selloff in semiconductor stocks accelerated on concern over lofty valuations for some of the artificial intelligence boom’s biggest winners. Memory makers Samsung and SK Hynix dragged South Korea’s benchmark Kospi down while Asia’s largest stock TSMC fell more than 3%. All are suppliers to Nvidia.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Kriti Gupta.
Chapters:
00:00:00 – The Opening Trade
00:00:13 – AI Stock Valuation Fears
00:01:09 – Market Check
00:02:30 – Global Stock Selloff
00:05:00 – Mamdani Defeats Cuomo, Sliwa in NYC Election
00:08:42 – Novo Cuts Outlook Again
00:12:58 – Trump Tariff Case at Supreme Court
00:14:59 – Rachel Reeves to Meet Insurance CEOs in Growth Pitch
00:17:14 – Stock Slump Worsens
00:20:20 – Global Chip Selloff
00:25:40 – Ahold Delhaize CEO
00:40:51 – Bitcoin Falls Below $100,000, Crypto Selloff
00:47:45 – Stocks to Watch: Chip stocks, Novo Nordisk, Stocks
01:03:20 – Novo Nordisk Metsera Bid
01:08:27 – BMW Earnings
01:14:42 – US Government Shutdown Longest on Record
01:19:54 – Dollar Direction
01:27:10 – AMD Stock
01:31:31 – AI Rally Uneases
01:34:20 – Trump, Switzerland Trade Talks
Credit to : Bloomberg Television