Big Fed Rate Cut; Israel Sees 'New Phase' in War After Lebanon Blasts | Bloomberg The Pulse 09/19/24

Stocks rallied across the globe as the Federal Reserve’s half-percentage-point interest-rate cut reignited investor sentiment. Europe’s Stoxx 600 index advanced as much as 1.3% in early trade on Thursday. US equity futures soared, with a 1.5% gain in S&P 500 contracts putting the underlying benchmark on course to test a record high in the cash market. Nasdaq 100 contracts jumped 2%, fueled by bets of resilient American growth and lower borrowing costs. In geopolitics, more telecom devices, including walkie-talkies, have exploded across Lebanon. The country's health ministry says the explosions have killed 26 people over two days and wounded more than 3,000. Meanwhile, Israel's military has declared a new phase in the war and says troops are to be diverted to its northern border. Today's guests: Timothy Graf, State Street; Katharine Neiss, PGIM -------- "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. Chapters: 00:00:00 - The Pulse with Francine Lacqua 00:00:41 - Fed Chair Powell on rates path ahead 00:02:43 - Timothy Graf, State Street 00:04:36 - Fed forecasts show soft landing view 00:08:29 - BOE rate decision due at 12pm UK 00:13:43 - Walkie-talkies explode in new Beirut attacks 00:14:49 - Lebanon says explosions killed 26 00:17:14 - Blinken in Mideast amid explosion attacks in Beirut 00:19:50 - Headlines 00:20:49 - Katharine Neiss, PGIM 00:30:15 - Commerzbank said to speed up CEO succession 00:33:32 - German EV sales slump 00:37:50 - MLIV: Traders eye Japan-US yield spreads -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts