Fed Cut Bets Trimmed Ahead Of Jackson Hole; Nvidia Halts H20 Chip Work | Daybreak Europe 08/22/2025

Jackson Hole in focus as US stocks fall for a fifth straight day and traders trim bets for a September rate cut. We preview Jerome Powell’s big speech in Wyoming. The EU and US outline plans that could cut tariffs on European cars and offer discounts on steel and aluminum, within weeks. Plus, Nvidia hits pause on its H20 chip, reportedly telling suppliers including Samsung to stop work on the AI processor, after Beijing urged local firms to avoid it. Plus our guest Chris Ballance, Oxford Ionics Co-founder and CEO discusses a brand new state-of-the-art quantum computer the firm has unveiled in the UK.

Chapters:
00:04:45 – Jerome Powell’s Jackson Hole keynote in focus
00:06:06 – EU, US outline next steps for trade deal
00:16:50 – Nvidia reportedly hits pause on H20 chips work
00:28:15 – Jeffrey Schmid, Kansas City Fed President
00:31:26 – Cash-mad Germans join stock market frenzy
00:35:43 – Chris Ballance, Oxford Ionics Co-founder and CEO
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