Meta’s Zuckerberg, Nvidia’s Huang Push Alternatives to AI Slowdown

Watch on YouTube ↗  |  September 16, 2026 at 10:09  |  48:31  |  Bloomberg Markets
Speakers
Iain Stealey — Editor, Financial Times
Livia Gallarati — Head of Global Gas, Energy Aspects
Oliver Crook — Chief European Correspondent, Bloomberg
Abeer Abu Omar — Reporter, Bloomberg London
Cristina Scocchia — CEO, illycaffè
Rob
Jerry — Global Defense Editor, Bloomberg
Dan — Executive Vice President

Summary

The Pulse with Francine Lacqua covers the Fed decision, EU-Canada associate membership proposal, European energy supply risks, coffee-industry inflation, and AI regulation. JPMorgan's Iain Stealey sees fixed income attractive at 5% Treasury yields and favors a high-quality bond portfolio over equities. Energy Aspects' Livia Gallarati warns European gas could hit €100/MWh if Hormuz disruptions persist and sees a data-center-driven U.S. gas demand story. Other segments discuss AI slowdown pushback, U.S.-China talks, Iran blockade costs, and UK inflation/BOE outlook.

  • EU proposes Canada as first associate member amid trade and security realignment.
  • Iain Stealey expects a Fed hike, sees 5% 10-year Treasury yields as attractive, and prefers bonds over equities.
  • Stealey also highlights high-quality corporate bond issuance and a conditional long-end JGB opportunity.
  • Livia Gallarati says European gas could hit €100/MWh if Hormuz LNG disruptions persist; near-term shoulder season is a constraint.
  • Gallarati sees U.S. natural gas demand supported by data centers and LNG export capacity.
  • Coffee CEO Cristina Scocchia describes cost inflation, resilient demand, and a potential but undecided IPO.
  • AI panel debates regulation, OpenAI funding, and U.S.-China AI competition.
  • UK inflation hits a five-month high; Bloomberg Economics sees a hawkish BOE message and possible hike.
Ideas
Iain Stealey Editor, Financial Times 7:45
Buy Treasuries as 5% yields attractive
With 10-year Treasury yields around 5% after a 110bp move since February, he says yields are starting to look attractive and that historical bond math makes adding fixed income at 5% a good investment opportunity.
IEF HIGH
Iain Stealey Editor, Financial Times 8:33
Bonds beat equities with 6.5%-7% yield
He prefers bonds over equities, arguing that a portfolio of high-quality investment-grade credit, double-B high-yield, and emerging-market debt can yield 6.5%-7%, matching long-term equity return assumptions without dipping into lower-quality credits.
HYBB EMB LQD HIGH
Iain Stealey Editor, Financial Times 10:01
Watch long-end JGBs if BOJ hawkish
Long-end Japanese government bond yields are attractive, but he wants confidence that the Bank of Japan will be hawkish and inflation-fighting to bring domestic buyers back into the market; without that, the setup is not clean.
Japanese government bonds (long end) MED
Livia Gallarati Head of Global Gas, Energy Aspects 17:33
European gas may hit €100 on Hormuz
European gas prices could reach €100/MWh this winter, especially Q1 2027, if LNG tanker disruptions through the Strait of Hormuz persist for another three to six months; near-term shoulder-season demand may delay that level for TTF.
TTF HIGH
Livia Gallarati Head of Global Gas, Energy Aspects 19:43
U.S. gas demand boosted by data centers
U.S. natural gas demand should be driven over the next couple of years by data-center load growth and increasing U.S. liquefaction/LNG export capacity; Europe is building data centers too but not to the same extent, so it is a bigger U.S. gas story.
UNG HIGH
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This Bloomberg Markets video, published September 16, 2026, features Iain Stealey, Livia Gallarati discussing IEF, HYBB, EMB, LQD, Japanese government bonds (long end), TTF, UNG. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Iain Stealey, Livia Gallarati  · Tickers: IEF, HYBB, EMB, LQD, Japanese government bonds (long end), TTF, UNG