AI Rally Stalls Despite TSMC Earnings Beat | The Pulse 7/16/2026

TSMC has raised its spending and revenue projections for the year, reflecting its confidence that growth in demand for chips and data centers will extend into 2027 and beyond. The US has launched more airstrikes on Iran after President Donald Trump pledged to intensify the bombardment until Tehran stops attacking ships in the Strait of Hormuz and agrees to open the waterway. The pound hit its strongest level in a year on speculation incoming Prime Minister Andy Burnham will name a markets-friendly Chancellor of the Exchequer. Today's guests: Claudia Panseri, UBS Wealth Management France CIO; Sanam Vakil, Chatham House Middle East and North Africa Programme Director -- "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 00:00:25 - TSMC hikes sales, spending outlook 00:03:21 - Claudia Panseri, UBS Wealth Management France CIO 00:16:45 - Sanam Vakil, Chatham House Middle East and North Africa Programme Director 00:23:40 - Thursday headlines 00:24:11 - Burnham to name Shabana Mahmood as Chancellor: Report 00:27:17 - EXCLUSIVE: Sarah Breeden, Bank of England Deputy Governor for Financial Stability 00:34:40 - Baidu to pursue dual-primary listing on HKEX main board, Nasdaq 00:35:10 - Fed's Warsh cools talk that AI boom is spurring inflation 00:38:07 - Goldman leads banks swagger in $100 billion half 00:40:54 - Dimon warns of board Mythos access 00:41:40 - IEA sees $6.5 trillion at risk if China imposes rare-earth curbs 00:45:27 - Protests flare Kyiv over ouster of popular defense minister -------- 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