Bloomberg Daybreak: US Edition US and Ukraine Reach Minerals Deal; Wall Street Braces for Nvidia Earnings
6 snips
Feb 26, 2025 John Tucker, a Bloomberg reporter, dives into the pivotal minerals deal between the US and Ukraine, highlighting its potential to ease tensions and bolster resource development. The conversation shifts to Wall Street's anticipation for Nvidia's earnings report, which could unveil crucial insights into AI spending amidst a tech market downturn. Tucker also discusses the political landscape, touching on House Republicans' budget cuts and their implications for Trump's tax plans, showcasing how geopolitical dynamics and market trends intertwine.
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US-Ukraine Minerals Deal
- Ukraine agreed with the US to jointly develop its natural resources.
- This deal could ease tensions with President Trump and advance a ceasefire with Russia.
Tax Cut Progress
- House Republicans passed a budget blueprint calling for deep cuts in safety-net programs.
- This aims to pave the way for tax cuts, a victory for House Speaker Mike Johnson.
Nvidia Earnings
- NVIDIA's Q4 earnings report is highly anticipated, offering insights into AI spending.
- Investors are concerned about chip demand, China, and Trump's influence.