Jan 8th, 2026

China Set to Approve Nvidia Chips; Trump Demands More Defense Spending | Bloomberg Brief 1/8/2026

US equity futures edge lower led by technology stocks. China is said to be planning to approve some imports of Nvidia's H200 chips as soon as this quarter. The US unveils its strategy on Venezuelan oil. Defense stocks jump as President Trump demands for higher defense spending. US firms announced fewer layoffs in December while planning more hiring, according to the latest data from Challenger, Gray & Christmas. Sophie Huynh of BNP Paribas Asset Management discusses a rotation happening in the stock market. Christopher Hodge of Natixis CIB shares a new report on Venezuela.