First Squawk

BROADCOM SAID INITIAL DEPLOYMENT COMMITMENT EXCEEDS 1GW IN THE FIRST PHASE OF A BROADER MULTI-GIGAWATT ROLLOUT TO SUPPORT META’S AI INFRASTRUCTURE (@FirstSquaw)

BROADCOM AND META ANNOUNCED AN EXTENDED PARTNERSHIP TO DEVELOP NEXT-GENERATION AI ACCELERATOR CHIPS AND DEPLOY MULTI-GIGAWATT SCALE CUSTOM SILICON (MTIA) OVER THE COMING YEARS (@FirstSquaw)

US API CRUDE OIL STOCK CHANGE: +6.1 MLN (FCST -1.3 MLN, PREV +3.719 MLN) (@FirstSquaw)

UK CHANCELLOR REEVES PROPOSES LESS THAN GBP 10 BLN DEFENCE SPENDING OVER 4 YEARS - THE TIMES (@FirstSquaw)

WHITE HOUSE: 103 EMPTY VESSELS EN ROUTE TO US PORTS TO LOAD OIL - CBS (@FirstSquaw)

IMF’S GEORGIEVA SAID THE FUND IS WELL-PREPARED WITH STRONG EMERGENCY FINANCING AND RELIABLE PRECAUTIONARY TOOLS TO SUPPORT COUNTRIES (@FirstSquaw)

IMF’S GEORGIEVA SAID THE OIL SHOCK IS DIVERTING ATTENTION FROM OTHER KEY RISKS INCLUDING AI AND FINANCIAL STABILITY CONCERNS (@FirstSquaw)

IMF’S GEORGIEVA SAID IMF WILL HOLD BIWEEKLY CALLS WITH THE WORLD BANK AND INTERNATIONAL ENERGY AGENCY TO ASSESS THE IMPACT OF ENERGY DISRUPTIONS (@FirstSquaw)

IMF’S GEORGIEVA SAID GOVERNMENTS SHOULD PROVIDE TARGETED, TEMPORARY FISCAL SUPPORT FOR ENERGY SHOCKS AND AVOID BROAD, UNFOCUSED SPENDING (@FirstSquaw)

IMF’S GEORGIEVA SAID CENTRAL BANKS MUST BALANCE RISKS, WARNING AGAINST PREMATURE TIGHTENING BUT SIGNALING ACTION MAY BE NEEDED IF SECONDARY INFLATION EFFECTS EMERGE (@FirstSquaw)

IMF’S GEORGIEVA SAID AROUND 20% OF GLOBAL OIL AND GAS SUPPLY REMAINS MISSING, CONTINUING TO STRAIN THE GLOBAL ECONOMY (@FirstSquaw)

IMF’S GEORGIEVA SAID A QUICK END TO THE WAR COULD DRIVE A RAPID GLOBAL RECOVERY, BUT PROLONGED DISRUPTION INTO SUMMER WOULD PUT THE ECONOMY IN AN ADVERSE POSITION (@FirstSquaw)