Signal's Whittaker on 'Hype' Around OpenAI-Hugging Face Hack | The Pulse 7/24/2026

Watch on YouTube ↗  |  July 24, 2026 at 13:57  |  48:32  |  Bloomberg Markets
Speakers
Kamakshya Trivedi — Head of Global FX and Interest Rates, Goldman Sachs
Rebecca Harding — CEO, Centre for Economic Security

Summary

Bloomberg's 'The Pulse' discusses market risk-off as Brent oil touches $100, US tech stocks tumble, and new Trump tariffs take effect. Goldman Sachs' Kamakshya Trivedi lays out FX and energy views, while the Signal Foundation president warns AI agents threaten private communication. Later segments cover Dangote group IPO plans.

  • Brent crude touches $100/barrel as US-Iran tensions escalate and Trump threatens massive attack.
  • Magnificent Seven shed nearly $800 billion in market value as traders fear AI rally has gone too far.
  • New US tariffs on 60 economies replace expired levies, using forced-labor investigations, raising uncertainty.
  • Kamakshya Trivedi (Goldman Sachs) sees dollar strengthening, pound overvalued, and yen as a short carry trade.
  • Trivedi calls near-term short energy the clearest value play, expecting high prices to be unsustainable.
  • Meredith Whittaker (Signal Foundation) warns AI agents demand dangerous levels of data access, undermining private communication.
  • Rebecca Harding says tariffs could hit India's generic pharma exports and risk retaliation from EU and others.
  • Dangote Group’s cement business targets a London listing this year, while the refinery IPO is promoted as Africa’s industrialization story.
Ideas
Kamakshya Trivedi Head of Global FX and Interest Rates, Goldman Sachs 10:59
Dollar benefits from higher energy prices.
Energy price increases are shifting terms of trade in favor of the US dollar, and markets that were previously reluctant are now starting to price this in, leading the dollar to appreciate.
USD MED
Kamakshya Trivedi Head of Global FX and Interest Rates, Goldman Sachs 12:21
Pound overvalued, set for depreciation.
The British pound is one of the most overvalued G10 currencies, positioning and inflows are unwinding, carry has gone too far, and it is early days for the new prime minister, all pointing to pound depreciation.
GBP HIGH
Kamakshya Trivedi Head of Global FX and Interest Rates, Goldman Sachs 14:56
Short yen as carry trade funding.
Japan lacks a meaningful real yield buffer, has a low yielding currency, and should be on the short side of global carry trades alongside other Southeast Asian low yielders.
FXY MED
Kamakshya Trivedi Head of Global FX and Interest Rates, Goldman Sachs 15:30
Energy prices unsustainably high, short opportunity.
High energy prices currently priced into the forward curve are unlikely to be sustained if tensions ease, making short energy the clearest near-term value play.
BNO MED
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This Bloomberg Markets video, published July 24, 2026, features Kamakshya Trivedi discussing USD, GBP, FXY, BNO. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kamakshya Trivedi  · Tickers: USD, GBP, FXY, BNO