Trump's Iran Warning; AI-Driven Demand Lifts ASML | The Pulse 7/15/2026

Technology stocks are leading equity markets higher after ASML's earnings offered fresh evidence of the relentless demand for chips enabling the global AI buildout. President Trump said he would intensify the US’s bombardment against Iran until it stops attacking ships in the Strait of Hormuz and agrees to open the waterway. Trump also backed away from his plan to impose a 20% charge on cargo shipments through Hormuz. Federal Reserve Chairman Kevin Warsh said slowing inflation in June doesn’t mean it’s mission accomplished. For the first time since taking office, he also hinted at how the Fed may eventually have to respond. Today's guests: Mohit Kumar, Jefferies Chief European Economist & Strategist; Bob Sternfels, McKinsey Global Managing Partner; Claudia Major, German Marshall Fund Senior Vice President for Transatlantic Security -- "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 00:00:36 - ASML raises FY outlook as AI boosts demand 00:03:12 - Mohit Kumar, Jefferies Chief European Economist & Strategist 00:15:05 - Bob Sternfels, McKinsey Global Managing Partner 00:22:06 - PayPal surges premarket on Stripe, Advent offers 00:23:32 - Wednesday headlines 00:24:23 - Traders ditch July Fed hike bets after CPI 00:26:41 - UK Chancellor Reeves speaks at Mansion House 00:27:56 - UK economy roundtable: Katherine Griffiths, Philip Aldrick & Bloomberg Opinion's Rosa Prince 00:37:29 - Claudia Major, German Marshall Fund Senior Vice President for Transatlantic Security 00:43:42 - Wall Street big banks' results 00:45:30 - Richemont sales beat lifts luxury sector -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts