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AI Caution, US Stocks Slip as Softbank Sells Nvidia Stake | The Pulse 11/11
SoftBank Group sold its entire stake in Nvidia for $5.83 billion to help bankroll envisioned AI investments. The Japanese firm also reported net income for the second quarter that beat the average analyst estimate. The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. SoftBank already has plans to leverage stakes in sector linchpins from OpenAI to US chip designer Ampere Computing LLC.
In the US, the end of government shutdown is in sight as the Senate passed a temporary funding measure backed by a group of eight centrist Democrats. The Senate’s 60-40 vote Monday comes amid escalating flight disruptions, food aid delays and frustrations in a federal workforce that has mostly gone without pay for more than a month.
The Republican-controlled House must still approve the spending package, which keeps most of the government open through Jan. 30 and some agencies through Sept. 30. But Speaker Mike Johnson said he expects it will pass quickly.
Also this morning, UK unemployment rose more than expected to 5% in the three months through September, prompting traders to add to bets on a Bank of England interest-rate cut next month. The reading is the in the three months through September according to the ONS. Opposition politicians pounced on the numbers, accusing Chancellor of the Exchequer Rachel Reeves of stoking joblessness with her £26 billion increase in employers’ national insurance contributions, a payroll tax.
Today's guests: Beatriz Martin, UBS EMEA President; Matt Mish, UBS Credit Strategy Head; Simon Gass, Former Chair of UK Joint Intelligence Committee
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 - The Pulse with Francine Lacqua
00:02:08 - US House to Vote on Bill to End Shutdown
00:04:23 - Switzerland Said Close to 15% US Tariff Deal
00:06:37 - Beatriz Martin, UBS EMEA President
00:16:53 - Hegseth Demands US Firms Speed Up Weapons Development
00:17:22 - Pete Koziol, Dauntless Ventures Co-Founder
00:25:14 - Tuesday Headlines
00:26:01 - Matthew Mish, UBS Investment Bank Credit Strategy Head
00:32:13 - UK Unemployment Hits 5%, Highest Since Pandemic
00:35:47 - Softbank Profit Surges on AI Boom
00:39:36 - Ukrainian Drone Industry's Next Target Is NATO Markets
00:42:45 - Simon Gass, Former Chair of UK Joint Intelligence Committee
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Published Nov 11, 2025
