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Trillion-Dollar Tech Wipeout, Crisis Engulfs UK’s Starmer, Sci-Fi Power Traders | Bloomberg...
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February 5, 2026
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On today's podcast:
(1) There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week.
(2) Silver fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold also declined.
(3) Keir Starmer is not the first Labour prime minister to be plunged into crisis by Peter Mandelson. It’s not even the first time it’s happened to Starmer. The difference is that members of his own party are now starting to number his days as leader.
(4) The European Central Bank is set to hold interest rates steady for a fifth meeting, judging that the latest bout of global tensions and euro strength haven’t thrown the economy off course yet.
(5) The Bank of England will almost certainly leave interest rates on hold on Thursday and wait for more evidence that inflation is under control, despite mounting concerns about the UK labor market.
Podcast ConversationSack a Prince? Easy. Fire a Lord? Not So MuchMatthew Brooke ()
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