The stocks selloff intensified on Friday as concerns deepened over the health of the US economy and the outlook for technology companies. Europe’s Stoxx 600 index dropped 1.5%. Nasdaq futures dropped 1.6% after disappointing results from Amazon and a weak sales report by Intel Corp. In Asia, Japan’s benchmark index sank by the most since 2016 as a stronger yen weighed on the outlook for the country’s export-orientated economy. Earnings from Amazon made investors question once again whether the returns from artificial intelligence are worth the cost, following similar underwhelming reports from Microsoft and Alphabet.
Today’s guests: Ursula Marchioni, BlackRock; Laurie Bristow, Former UK Ambassador to Russia (Source: Bloomberg)
