About this episode
Broadcom's earnings miss impacts the chip sector and market expectations for a Fed rate hike.
Broadcom's rare earnings miss sends shares down more than 10% after hours, rattling a chip sector priced for perfection. Strong U.S. jobs and activity data push markets to price in nearly a 50% chance of a Fed rate hike as soon as October, while the yen slides to its weakest against the dollar since July 2024. Today’s recommended read: First goes the Fed dot, then guidance - and then a hike?, Mike Dolan Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest Read more from Amanda Cooper and Anna Szymanski Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi Sound engineering and music by Sebastian and Josh Sommer Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices
People in this episode
Hosts: Eliza Davis Beard, Ethan Plotkin, Abisoye Adelusi
Topics covered
- earnings miss
- chip sector
- Fed rate hike
- U.S. jobs data
- market reaction
Keywords
- Broadcom
- earnings miss
- chip sector
- Fed rate hike
- U.S. jobs data
- market reaction
- yen
- dollar
Mentioned in this episode
Organizations: Broadcom
Places: U.S.
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