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TSMC Lifts Outlook as Profit Beats, Trump Says US & China in Trade War | Daybreak Europe 10/16/2025
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October 16, 2025
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46:56Now PlayingBloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins.
On today's show, stocks in Asia gain on tech optimism, with TSMC earnings in focus. The world's biggest contract chipmaker reported third quarter net income that was more than 10% better than expected, while gross margin of 59.5% was well above estimates. Confidence in demand for AI outweighed renewed tensions between the US and China. President Trump said the two countries are indeed engaged in a trade war, though Treasury Secretary Scott Bessent says an extension to the 90-day tariff pause is possible.
Today's guests: Karl Havard, Nscale, Chief Commercial Officer & Arsalan Tavakoli-Shiraji, Databricks, Co-Founder & SVP, Field Engineering.
Correct: An on screen graphic incorrectly stated that Australian unemployment is the highest since 2011. It is the highest since 2021, as referenced verbally by the reporter.
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