US President Donald Trump says “big progress” was made in his meeting with a Japanese trade delegation. Tokyo’s top negotiator says more talks will take place this month. Hermes shares dropped after the French luxury-goods maker’s first-quarter sales slightly undershot analyst estimates, stoking worries that even companies exposed to the wealthiest clients could be susceptible to a slowdown in demand for high-end items. The company will increase prices in the US as of May 1 to compensate for the impact of new tariffs. Meanwhile, Taiwan Semiconductor Manufacturing Co.’s net income and gross margin beat estimates. The world’s biggest chipmaker also kept its growth outlook for 2025 on expectations of AI revenue doubling, despite growing trade worries. Today’s guests: Nataliia Lipikhina, JP Morgan Private Bank; Isabelle Job-Bazielle, Credit Agricole; Sue Duke, LinkedIn ——– “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 00:00:36 – Powell: Prevent tariff-driven inflation 00:04:22 – Trump says “big progress” made in Japan 00:07:12 – Thursday morning movers 00:09:31 – Nataliia Lipikhina, JP Morgan Private Bank 00:16:02 – Hermes sales hurt by China weakness 00:20:05 – TSMC ADRs rise after 2Q sales forecast beats 00:23:38 – Headlines 00:24:18 – ECB poised to cut rates today 00:27:43 – Isabelle Job-Bazielle, Credit Agricole 00:34:25 – Renzi: Trump’s strategy is against globalization 00:37:27 – Bloomberg Opinion: Undoing Brexit begins with break from tyranny 00:42:20 – Sue Duke, LinkedIn ——–
