AI Trade Falters; Chinese Investors Banned from SpaceX IPO; Jobs Report | Bloomberg Brief 6/5/2026

Summary

The episode covers a pullback in AI-related stocks, with the S&P 500 headed for its first weekly loss since March. News includes Nvidia certifying Samsung, SK Hynix, and Micron for its next-gen AI accelerators, and SpaceX banning Chinese/Hong Kong investors from its IPO. Veronica Clark of Citi previews the May jobs report, expecting a fragile labor market that could weaken into summer.

• US equity futures decline led by tech, AI trade loses momentum
• Nvidia confirms three memory suppliers for its Vera Rubin AI platform
• SpaceX limits IPO participation from Chinese and Hong Kong investors
• May payrolls report expected with whisper number around 100,000
• Citi economist Veronica Clark warns labor market stability looks fragile
• Japanese banks rise on BOJ rate hike expectations as rotation from tech continues
• Bolivia's lithium potential discussed amid political and logistical challenges
• S&P Dow Jones decides not to fast-track mega-cap IPOs like SpaceX into indices