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Trump's China Demands, France Downgraded Again on Budget Worries | The Pulse 10/20
President Trump lists rare earths among his top issues with China as the trade truce nears its expiration. France gets a second credit downgrade with S&P stripping the nation of its double-A rating. French luxury house Kering is offloading its beauty arm to L’Oréal in a deal worth $4.7 billion. It’s the first major strategic move by Kering’s new CEO, Luca de Meo.
Today's guests: Lale Akoner, Market Strategist at eToro, Robert Dafforn, Chief Investment Officer of Opportunistic Credit at Polus Capital Management, Alex Ferrara, Partner at Bessemer Venture Partners.
Chapters:
00:00:00 - The Pulse
00:00:51 - Trade Tensions Ease, France Downgrade
00:05:09 - S&P Warns France Rating Could Drop if Deficit Worsens
00:07:47 - Treasuries Rally Drives Home Haven Role
00:11:45 - Lale Akoner, eToro Market Strategist
00:16:38 - Trade Tensions Ease After Credit Woes
00:18:14 - Robert Dafforn, Polus Capital Management CIO: Opportunistic Credit
00:25:02 - Israel Says Gaza Truce Resumes After Airstrikes
00:27:21 - Israel Reportedly Suspends All Aid Into Gaza
00:34:13 - Alex Ferrara, Bessemer Ventures Capital Partner
00:36:48 - Japan's LDP Party Reaches Coalition Deal
00:41:25 - Charles Skinner, Restore CEO
00:46:58 - AWS Suffers Service Disruption With Thousands Reporting Issues
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Published Oct 20, 2025