Bloomberg News Now: Canada's Ukraine Aid, Nvidia Earnings, Fed Speakers, and More

Canada's Support for Ukraine

• 🇨🇦 Prime Minister Mark Carney announced nearly $2 billion in support for Ukraine, including funding for drones, ammunition, and armored vehicles.
• 💡 Canada believes that Ukrainian armed forces alone are not a sufficient medium-term security guarantee and that this support needs to be buttressed and reinforced.
• 🇺🇦 Efforts are underway to finalize security guarantees for Ukraine in the event of a peace deal, according to President Volodymyr Zelenskiy.
• 🗣️ Retired U.S. Army General David Petraeus emphasized the need to push hard on Russia to come to the negotiating table.

Nvidia and Market Focus

• 📈 Nvidia is set to report quarterly earnings this coming week, with analysts lifting price targets, highlighting its significant market cap and earnings contribution to the S&P 500.
• 📊 Nearly 90% of analysts covering Nvidia give its shares a buy equivalent rating.

Federal Reserve and Inflation Watch

• 🎤 A series of Fed speakers, including John Williams, Lorie Logan, Tom Barkin, and Christopher Waller, are scheduled to speak this week.
• 📉 Fed Chair Jay Powell suggested the Fed might have room to cut interest rates in September, noting policy rates are closer to neutral and labor market stability allows for careful consideration of policy changes.
• ⚠️ Powell also warned about the lurking danger of tariffs potentially igniting more inflation.
• 📊 Bloomberg Economics anticipates the core PCE deflator report on Friday will show some of the hottest inflation numbers since February.

Political and Legal Developments

• 🔎 The FBI searched former national security adviser John Bolton's house, possibly related to a classified documents investigation.
• 🏛️ Regarding the search, the Vice President stated that if there is no crime, there will be no prosecution, but if a crime occurred, Bolton would get his day in court.
• 🇺🇸 President Trump is preparing to expand federal deployments of the National Guard, a move opposed by Chicago Mayor Brandon Johnson, who stated it's not what his city needs.

Entertainment News

• 🎬 Netflix achieved a rare box office success with its animated musical, K-Pop Demon Hunters, topping the U.S. and Canadian box office during its theatrical debut.