Bloomberg Daybreak: US Edition

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Houthi militants targeted airports across Saudi Arabia, killing at least 14 people and wounding hundreds in two separate incidents at King Khalid International Airport in Riyadh. The Saudi-led military coalition intercepted missiles and drones aimed at the kingdom overnight, including areas that are home to some of Saudi Arabia’s key oil and gas facilities, and vowed a “decisive” response. Energy Minister Prince Abdulaziz bin Salman said the kingdom remained committed to providing energy security, stating “There is no way that somebody will break our back. We are like a phoenix. We come out of the ashes all the time and every time.” 2) A federal judge in New York ordered the Trump administration to stop running taxpayer-funded television ads and to halt any payments of public money related to airing them. The judge wrote that the challengers had shown they’d suffer “irreparable harm” without immediate court action and that a…

It’s not just Levittown. The website hosting the doctored photos is the nexus of campaigns to harass women across the world. A victim in New Zealand helps to spark a global battle against the site and its elusive owner. For official transcripts and additional information on this series, go to bloomberg.com/levittown See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S CPI and PPI data, along with U.S bank earnings. In the UK – a look ahead to European leaders meeting in Brussels. In Asia – a look ahead to Japan's Sports Day. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said the US would “not be attacking Iran” before November’s midterm elections, citing “productive discussions” with the Islamic Republic. Trump's comments came despite Iran escalating attacks on tankers in the Strait of Hormuz and Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia. The president said a US naval blockade of Iranian exports would remain in place, and he has suggested Iran was waiting to see how his Republican Party would do during the midterms. 2) Hurricane Isaias is bearing down on the US Gulf coast. Offshore US oil production is plummeting as Hurricane Isaias pushes toward a coastline dotted with refineries and chemical plants. More than 3 million people reside in the projected path of Isaias, which reached Category 2 strength on the five-step Saffir-Simpson scale Thursday. Roughly 63% of US Gulf of Mexico crude output has been shut in, while 500,000 barrels a day of…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Oil climbed after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections. Freight rates are surging, with shipping oil from the Middle East to China costing $1.4 million a day, the most on record. Producers in the Gulf of Mexico shut in more than 510,000 barrels a day of crude output in response to Hurricane Isaias forming in the US Gulf. 2) President Trump defended his immigration policies during a visit to Texas as he sought to boost struggling GOP Senate candidate Ken Paxton ahead of November’s midterm elections. Trump’s defense of his immigration policies comes as Republicans are seeking to shore up their standing with Hispanic voters, whose support for the president has slid in recent polls due to concerns over the economy and affordability issues. Paxton is in a close race with Democratic candidate James Talarico, with recent polls showing…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, with UK Maritime Trade Operations reporting nine attacks this month. The impact of the latest escalation on Hormuz shipments and seaborne gas flows is uncertain, according to maritime security officials and shipping executives. The flow of oil through the Strait of Hormuz has steadily picked up since the start of summer, with some Wall Street banks saying shipments are approaching prewar levels. 2) Elon Musk’s SpaceX is in talks with banks and investors to raise $40 billion to buy chips from Nvidia. SpaceX’s fundraising discussions are in an early stage and could end without a deal being completed, with Pacific Investment Management Co. and Apollo Global Management involved. The fundraising is for SpaceX's AI buildout, with the company seeking to raise about $10 billion in bank loans and $30 billion in investment-grade debt to pay for the…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Yemen's government, backed by Saudi Arabia, claimed to have regained territory from the Houthis, as fighting in the region near the Bab el-Mandeb strait intensifies. The Yemeni armed forces said they took control of the Red Sea city of Mokha after battles with the Iran-backed Houthis, and also took over other areas near the Bab el-Mandeb strait. The Saudi-led coalition announced a large operation to recapture Houthi-held territory, and the Houthis responded by firing missiles and drones at the kingdom, targeting the main airport in Riyadh. 2) President Trump is preparing to ease limits on the use of red dyed diesel, a tax-exempt variety of diesel, to pare costs for the essential fuel ahead of the November midterm elections. The plan would allow more widespread use of red or dyed diesel, which is generally available for off-road purposes, and could translate into an effective tax break in some cases. The administration's approach is…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Yemen's government launched a full-scale military campaign to recapture Houthi-held territory after weeks of escalating conflict between the Iran-backed group and Saudi Arabia. The Saudi-led coalition will provide full operational support to Yemeni government forces to end the "Houthi coup" and said Saudi Arabia has the right to defend its sovereignty. The aim is for the Houthis to be "eliminated", according to the coalition's statement, as the fighting has pushed up energy prices and led to increased military support from Western powers. Oil swung amid intensified fighting in Yemen and risks to shipping remain acute. 2) The Pentagon has removed bombers based at the Royal Air Force base in the UK after new threats of a plot linked to Iran emerged. A Defense Department official said all American bombers deployed at RAF Fairford have returned to their home bases in the US. UK Defense Secretary Wes Streeting said Iran was likely…

Months after Kayla’s discovery, dozens of women in Levittown, a New York suburb on Long Island, learn they, too, are subjects of faked porn. Most are recent graduates of the local high school, and they zero in on a culprit. One of them sets out to prove it. For official transcripts and additional information on this series, go to bloomberg.com/levittown See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S Mortgage data, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to this year’s Nobel Prize decisions. In Asia – a look ahead to China’s Golden Week Holiday. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The Pentagon is deploying an additional aircraft carrier and 10,000 sailors and Marines to the Persian Gulf, giving American commanders more options if President Donald Trump chooses to escalate attacks on Iran. The USS Theodore Roosevelt carrier is headed to the Middle East, and when it arrives, the US could again have three carrier strike groups in the region. The US has sent two additional missile batteries to protect oil and gas facilities in Qatar and Saudi Arabia, and the USS Makin Island amphibious readiness group has set sail to the Middle East, giving Centcom additional options. 2) Broadcom's Wall Street syndicate are starting to gather $60 billion of fresh AI chip financing to benefit Anthropic PBC and other companies. Banks are poised to send out syndication letters for a $42 billion Class A senior-secured tranche, and Blackstone Inc. is leading an $18 billion tranche of Class B junior debt. The financing would help…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) A FlyDubai aircraft was attacked by one of its pilots, who stabbed or hit the other pilot with an ax, before being overwhelmed by passengers. The plane made an emergency landing at a Saudi airport after taking a sudden steep dive, and the United Arab Emirates attorney-general has ordered an investigation into the incident. The investigation will examine the circumstances and motives behind the attack, including whether it was linked to any terrorist activity, and the airline has suspended flights to and from Israel while the investigation continues. 2) President Trump said former Federal Reserve Chair Jerome Powell should resign from the central bank's Board of Governors over findings the central bank mismanaged the renovation of its headquarters. The Fed's internal watchdog found no evidence of criminal wrongdoing and didn't identify any "administrative misconduct" connected to the $2.4 billion project, but outlined a series of…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump endorsed using outside auditors to assess the safety of artificial intelligence systems through an accord with Silicon Valley leaders. The accord, which carries no legal weight, commits AI companies to regularly meet to set best practices for the industry and implement internal controls for risks related to cybersecurity and other threats. The document suggests that AI companies "should" implement four layers of controls and notes that "it may make sense to codify" its recommendations into law or regulation in the future. 2) OpenAI aims to raise at least $30 billion from investors in a new round of funding, according to people familiar with the matter, after pushing back its plans for an initial public offering. The company is seeking a valuation of around $1.4 trillion, not including the money raised, and the fundraising discussions are early and could change. OpenAI has seen strong revenue growth, with its revenue…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter. Iran and the US made little progress during talks in New York on the sidelines of the United Nations General Assembly last week and the Islamic Republic believes there’s a high chance of the conflict escalating after the Nov. 3 vote, according to the people, some of whom were briefed by Iranian officials. They asked not to be named discussing sensitive matters. 2) President Donald Trump criticized the release on bail of five men held over an alleged terror plot against a Royal Air Force base used by the US for strikes against Iran, as British police continue to investigate foreign links to the incident. “I’m surprised that they released them, I wouldn’t have done that,” Trump told reporters on Monday.The…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping. The list for goods entering the US contains 77 entries, including fireworks, household products, sporting equipment and toys, according to documents published by both governments. 2) Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal. The conditions Iran wants are something Washington might have agreed to about a year ago, Trump told Axios in an interview on Sunday, saying that Tehran has overplayed its hand. The US president added that he expects negotiations to resume this week even though he rejected Iran’s latest proposal, Axios reported. 3) UK police were…

Stuck in her childhood home during the pandemic, Kayla is shocked to learn that photos of her, altered to make her look naked, are posted to a website where men swap violent fantasies about women. A conversation with police leaves Kayla discouraged. For official transcripts and additional information on this series, go to bloomberg.com/levittown See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the September jobs report with a focus on 3 stocks for the week ahead. In the UK – a look ahead to UK Prime Minister Andy Burnham's plans ahead of his first conference as Labour Party leader. In Asia – a look ahead to the coming decision from the Reserve Bank of Australia. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Donald Trump’s fete for China’s Xi Jinping has been heavy on pageantry and platitudes but light on substantive announcements, with the events shadowed by the US president’s preoccupation with construction projects and personal grievances.Through Thursday evening in Washington, the most significant news tied to the gathering was announced before it even began, when Treasury Secretary Scott Bessent said just as Xi’s plane landed that the two sides had extended a trade truce for another two months. 2) US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions.The two countries — which have both refused to make similar agreements in recent months — were making a push for a breakthrough Thursday on the sidelines of the United Nations General Assembly, the person said, declining to be named…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and China have sealed a two-month extension to their trade truce, according to Treasury Secretary Scott Bessent. Xi Jinping is visiting the US for the first time in eleven years, and has stated he is "confident" the trip would produce "fruitful results." The truce extension ensures stability until 2027, but expectations for major breakthroughs have been low, with the US yet to be satisfied with China's offer on rare earths and possibly other issues. 2) Iranian President Masoud Pezeshkian said his country won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Pezeshkian’s address laid out conditions before any meaningful talks with the US can resume, including the US immediately lifting a naval blockade and unfreezing Iranian assets. Iran is ready to resume talks about ending the conflict with the US but will not respond to threats, and will not give up the right to…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp. Iran laid down “firm positions” for the reopening of the Strait of Hormuz, including the US immediately lifting a naval blockade, unfreezing Iranian assets and ending the war “on all fronts." Trump said the three-hour session was “very productive” and another was being planned for the near future, but it’s not clear what, if any, progress was made in New York. 2) President Trump is welcoming Xi Jinping to Washington for a state visit focused more on pageantry than policy, with low expectations for breakthroughs on long-standing feuds between the world’s biggest economies. The trip will include meetings on thorny issues such as trade and Taiwan, as well as a state dinner, with both sides having lowered expectations for either breakthroughs or bust-ups. Fault lines remain beneath the diplomatic efforts,…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Chinese and US officials discussed artificial intelligence, investment and trade in New York on Monday. The talks focused on delivering on what’s been agreed by the US and Chinese lead negotiators, according to China’s Vice Finance Minister Liao Min. A trade truce extension is possible, with US Trade Representative Jamieson Greer saying a three to six-month extension is possible. 2) Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. Japan’s Kyodo News Agency reported that Iran has proposed to reopen Hormuz within seven days if the American blockade is lifted. It said Iran is trying to break a prolonged stalemate in the conflict and that the proposal will be used as the basis for discussions with mediating countries at the United Nations General Assembly. President Trump is set to address the United Nations General Assembly in New York later on Tuesday, and may…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week’s summit between leaders Donald Trump and Xi Jinping.China’s top trade negotiator, Li Chenggang, said the talks were held in a “good atmosphere” as he left JPMorgan Chase & Co.’s headquarters in New York on Sunday, while US Treasury Secretary Scott Bessent lauded “very successful” discussions. The Chinese official Xinhua News Agency called the exchange “candid, in-depth and constructive.” 2) Oil dropped for a fourth day, with Brent set for the longest run of declines since June, as traders tracked diplomatic efforts to end the US-Iran war and signs cargoes are still getting through the Strait of Hormuz. 3) The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to…

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – we look at upcoming home building data In the UK – we preview elections in Germany In Asia – we discuss President Xi's visit to the US this week See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter, a delay that could preserve such a threat as leverage in the negotiations. 2) The current round of panic over artificial intelligence is based on the conviction that the technology has slipped out of human control to do its own bidding in several recent incidents. To some disillusioned AI researchers — and some senior employees at leading AI companies — this is an early sign of a true threat to human civilization. But other experts in the field are pushing back, claiming that such talk allows companies to sidestep accountability for real-world impacts of their technology. Critics see AI’s environmental impacts, the threat of job displacement, or the potential for mass surveillance as more urgent targets for policymakers.…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The Federal Reserve raised interest rates by a quarter percentage point and plans an additional hike later this year to contain inflation. Chairman Kevin Warsh said the action shows the Fed is serious about delivering on the price stability objective and removing a dose of accommodation. The rate increase defied President Trump, who said on social media that US interest rates should be at 1% or lower and called for lower interest rates. 2) President Trump said he will put very serious tariffs or stop trading with Europe if he thinks the European Union's push to make Canada a potential associate is harmful to the US. European Commission President Ursula von der Leyen proposed Canada becoming the first associate member of the European Union, saying she would like to work with Canadian Prime Minister Mark Carney on the idea. Trump's comments risk further inflaming a simmering trade war between the US and Canada, with Trump having…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Senior Trump administration officials met with Anthropic's top Washington executive to discuss artificial intelligence safety risks. Tensions between Anthropic and the administration were reignited by a essay posted by the company's CEO Dario Amodei, who called for government regulation and urged pacing development of the most advanced AI systems. President Trump dismissed fears about AI risks as "a hoax" and rejected the idea of new rules, while leading AI developers have begun discussing AI safety concerns among themselves. 2) The Federal Reserve is expected to lift interest rates on Wednesday for the first time since 2023 as policymakers lose confidence that inflation will cool sufficiently without at least a nudge from the central bank. A rate hike could provoke fresh criticism from the White House, with President Donald Trump recently arguing that the US should have the lowest borrowing costs in the world. The Fed will release…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The Supreme Court refused to clear the Postal Service to enforce new restrictions on mail-in ballots for the congressional midterm elections, rebuffing the Trump administration’s request to intervene. The court denied the Justice Department’s request to lift a Boston federal judge’s order that barred the Postal Service from making its new mail-in ballot rules mandatory through the November contests. The Supreme Court's decision means that the Postal Service cannot enforce the new rules for the midterms, but the legal fight over whether the agency can ultimately adopt the rules for future election cycles may still continue. 2) The 10-year US Treasury yield rose to the highest in almost two decades, driven by surging energy prices, mounting debt and inflation. The yield on the global bond benchmark rose to 5.02% on Tuesday, surpassing a peak from 2023 to hit the highest since 2007. The pressure in the bond market raises the stakes…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Anthropic and OpenAI are promising measures to rein in the pursuit of cutting-edge AI models to better understand the risks posed by the technology following a series of security breaches. The two companies' calls to slow down AI development may be resisted by forces in the tech industry, financial markets, and the Trump administration, which has staked its economic agenda on aggressive AI advancement. Anthropic CEO Dario Amodei has proposed opening the company's doors to third-party evaluators to review new systems before their release, and OpenAI CEO Sam Altman has said he likes the idea and plans to implement it at his company. 2) Oil prices rose after Saudi Arabia closed a major crude pipeline following attacks, disrupting a key route that bypasses the Strait of Hormuz. The closure may lead to output cuts if it is prolonged, according to June Goh, senior oil market analyst at Sparta Commodities SA. A meeting between Iran and…

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the next FOMC decision, along with a focus on 3 stocks for the week ahead. In the UK – a look ahead to Sweden’s general election. In Asia – a look ahead to the next monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Politicians and public figures will gather today marking 25 years since the September 11th terrorist attacks in the United States National remembrance ceremonies will take place to honor the more than 3,000 people killed that day. This year, the National September 11th Memorial & Museum is adding a seventh moment of silence at 12:30pm, honoring thousands whose lives were cut short by illnesses linked to the toxic aftermath of the attacks. More than 8,000 people enrolled in the World Trade Center Health Program have since died, and officials say tens of thousands continue to battle 9/11-related health conditions. The FDNY will also lead a moment of silence at 9:11a E at the Times Square triangle, before heading to the NASDAQ to ring the opening bell. 2) A six-member bloc of Gulf states are considering meeting with Iranian officials to discuss the future of the Strait of Hormuz, people familiar with the matter said. Oman is aiming to…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump offered voters a quid pro quo, saying elect Republicans and get a $5,000 payout, which he called the Trump dividend. The proposal is unlikely to become law, as fellow Republicans have already rejected similar ideas and Congress would need to approve a cash payment program with a price tag well over $1 trillion. Trump's announcement was met with skepticism, with some seeing it as a desperate attempt to motivate voters and others predicting it will backfire, particularly given the US debt at record levels. 2) Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official. The US and Iran have been engaged in a war for seven months, with recent tit-for-tat attacks pushing up energy prices and adding pressure on President Trump to end the conflict. Iran's leaders believe they have little choice but to keep fighting…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Brent oil topped $100 a barrel for the first time since July, as attacks between the US and Iran and a recovery in Chinese oil buying propel the global crude benchmark higher. The conflict has disrupted flows through the crucial Strait of Hormuz chokepoint, although millions of barrels a day continue to cross the waterway — mostly on tankers with their signals turned off. The continued disruption means inventories have continued to decline across the globe, with analytics firm Vortexa seeing the amount of oil on ships at sea down by more than 150 million barrels since the middle of July. 2) Apple's $570 billion summer surge is saddling new Chief Executive Officer John Ternus with high expectations heading into the company’s most anticipated event in years: the unveiling of the foldable iPhone on Wednesday. Apple's stock has rallied 15% since June 25, driven by excitement about the new lineup of devices, particularly the foldable…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Canada imposed tariffs of 15% to 50% on hundreds of products from the US as Prime Minister Mark Carney bets that standing up to President Donald Trump will help Ottawa's negotiating position. The measure will hit US exporters particularly hard in states such as Michigan and Ohio that do a lot of business with Canada and host heated races in November's midterm elections. Canada's retaliatory tariffs are meant to make the cost of this trade war real enough for American businesses and consumers that Washington sees a clear incentive to return to the table. 2) Brent oil approached $100 a barrel after Saudi Arabia said operations at several energy facilities were halted by attacks. The state-run Saudi Press Agency said the strikes took place Tuesday and wounded a number of people, with Iran-backed Houthi militants saying they targeted the kingdom's Jazan refinery and facilities. Markets are increasingly pricing a prolonged Mideast…

On this special Labor Day Holiday edition of Bloomberg Daybreak - hosted by Nathan Hager we: Update on where a planned mega takeover in the business world stands on the legal front. Bloomberg Intelligence Senior Litigation Analyst Jennifer Rie will update us on Paramount's planned 110 Billion dollar acquisition of Warner Brothers Discovery. Plus big tech in focus this week. Oracle reports earnings on Wednesday. We will have a preview of what's ahead for Larry Ellison's company with Bloomberg's Brody Ford in San Francisco. Also on Wednesday..Apple will hold its biggest product introduction of the year.. It will also help kick off the tenure of new Chief Executive Officer John Ternus. We hear more from Bloomberg's Mark Gurman See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the U.S CPI and PPI reports and a focus on 3 stocks for the week ahead. In the UK – a look ahead to the next decision from the European Central Bank. In Asia – a look ahead to the 18th BRICS Summit in India. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) US Vice President JD Vance downplayed the scope of the conflict in Iran, saying he would not describe it as “a war” given major combat operations ended months ago — even after a brief resumption of military strikes earlier in the week. 2) Bloomberg Economics expects the unemployment rate to rise in August, and payroll gains to increase at a subpar pace. We see risks to our forecast tilted toward a higher unemployment rate and even lower payrolls. 3) Anthropic PBC is set to finalize an expansion of its revolving credit facility to $15 billion, according to people familiar with the matter, clearing a hurdle before the artificial intelligence firm’s public filing for its highly anticipated IPO. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran have intensified tit-for-tat military strikes, with Iran hitting merchant vessels and the US striking Islamic Revolutionary Guard Corps sites. Iran said the US killed 18 people with its attacks, and vowed to punish Washington for a strike on a wedding ceremony that killed at least four people and injured 67. The conflict has led to a rise in energy prices, with Brent crude oil climbing more than 6% this week to $95 a barrel, and US pump prices for diesel at a four-year high. 2) US retail diesel prices have hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war. The national average pump price climbed to $5.783 a gallon on Wednesday, surpassing the wartime peak set in April, and is approaching the all-time high of $5.816 in June 2022. The surge in prices presents a political headache for President Donald Trump, as he contends with mounting cost-of-living concerns before November’s…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Fighting between the US and Iran over control of the Strait of Hormuz escalated, with Tehran accusing American forces of bombing a residential area in a wave of overnight strikes.The US military carried out its second round of attacks in three days, which US Central Command said targeted radar systems and mine-laying capabilities along Iran’s southern coast. This prompted the Islamic Republic to retaliate with drone and missile volleys on US bases across the Middle East, in line with tactics used throughout the six-month war. 2) Three Massachusetts Democrats with more than 110 years of service in Congress between them held off much younger challengers in Tuesday’s primaries.Sen. Ed Markey, an outspoken progressive, trounced Rep. Seth Moulton, a more moderate candidate, by 65%-35% in nearly complete returns. Moulton, 47, ran an anti-establishment and generational-change campaign that tried to make the case that Markey, 80, shouldn’t…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war.“This is a relatively little war for us,” Trump told reporters on Monday. “This is not a big war.” 2) A woman randomly stabbed two people in New York City’s Times Square on Monday, killing one woman, and then was fatally shot by police, according to officials.The shooting happened just before 4:30 p.m. next to a New York Police Department substation, just outside One Times Square, the building that hosts the city’s annual New Year’s Eve ball drop celebration. It is one of the most heavily touristed and policed spots in all of New York. 3) US Army Secretary Dan Driscoll is stepping down after repeated clashes with his boss, Pete Hegseth, leaving the service without several…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran exchanged strikes as American forces hit an island in the Strait of Hormuz and Iran responded by launching attacks on the United Arab Emirates and Jordan. Iranian media said the country's authorities seized a bulk carrier near the port of Bandar Abbas and claimed an oil supertanker was hit by mines early on Monday. The incidents underline the high tensions between Washington and Tehran, with crude oil prices rising and several current and former US and Iranian officials expecting the conflict to drag on for months. 2) Bond investors are skeptical about speculation that Federal Reserve Chairman Kevin Warsh is poised to raise interest rates after his speech on Friday. Investors have doubts due to Warsh's past comments and actions, which have not always been clear, and are bracing for the risk that he keeps rates steady again. The reaction of the market will depend on upcoming economic data, including employment and…

Over the next two decades, more than $100 trillion will change hands in the greatest wealth transfer in history. This is a massive opportunity for financial advisors, both new and established. This conversation provides detailed, research-backed information and practical advice for financial advisors who are considering their next move. Produced by Bloomberg Media Studios and Prudential Financial, this roundtable discussion provides clear and honest perspectives on the changes that are coming. Guests on the show include: David Blanchett, Head of Retirement Research with Prudential Financial, and Portfolio Manager with PGIM Brittney Castro, CFP, AAMS, CRPC, Financial Expert and Speaker Chelsea Ransom-Cooper, Co-Founder and Chief Financial Planning Officer with Zenith Wealth Partners Maggie Lake, Financial Journalist Research sources: Cerulli Associates: U.S. High-Net-Worth and Ultra-High-Net-Worth Markets, 2024 Cerulli Associates: The Cerulli Edge, U.S. Retail Investor, 2023 Alliance for Lifetime Income:…

Bloomberg Money is a new, weekly podcast focused on YOUR money. Listen for wealth strategies, retirement tips and a personal finance insights. Join Tom Keene and Scarlet Fu for new episodes every Friday. Listen on Apple: https://podcasts.apple.com/us/podcast/bloomberg-money/id6803227140 Listen on Spotify: https://open.spotify.com/show/3lvzLLAZMdrxTB6y68Nb5g See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to the August jobs report and a focus on 3 stocks for the week ahead. In the UK – a look ahead to state elections in eastern Germany. In Asia – a look ahead to South Korea inflation data. See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Traders are looking for clarity on Federal Reserve Chair Kevin Warsh's economic outlook and strategy for bringing inflation back to target ahead of his address at Jackson Hole. Warsh’s address is shaping up as a crucial moment for markets as doubts about his commitment to taming inflation have helped push up long-term yields. The speech will be more significant for the foreign-exchange, gold and bond markets than for equities, according to Ulrich Urbahn, head of multi-asset strategy and research at Berenberg. 2) Iran's top diplomat said resuming diplomacy with the US "isn't impossible" after "creative discussions" with Qatar. Foreign Minister Abbas Araghchi said progress "hinges on U.S. understanding of one simple fact: pressure doesn’t work" and called on Washington to build trust and uphold its commitments. The US remains hawkish in its public comments, with President Trump signaling he will not lift a blockade of Iranian ports…

On today's podcast: 1) Nvidia gave a bullish sales outlook for fiscal 2028, with Chief Financial Officer Colette Kress saying the company expects to grow revenue by approximately 70% in fiscal 2028. The company's second-quarter earnings report showed revenue of $96.2 billion, with profit of $2.22 a share, excluding certain items, and its data center division had revenue of $89 billion. Nvidia warned that margins would narrow in the coming months due to a surge in memory costs, but expects the measure to settle down to 72% to 73% in fiscal 2028 as the company increases its own prices. 2) Central bankers gathering in Jackson Hole, Wyoming will emphasize a global rethink on inflation and the prospect of higher borrowing costs in the face of new threats. Faced with upward price pressures from the Iran war, the artificial intelligence investment boom and extreme weather, some central banks have already raised rates, with more expected to follow suit. Investors are increasingly jumpy over how the latest…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The Chinese government and Xi Jinping are sending a message of defiance to President Trump over China's economic ties with Iran. China will take "all necessary measures" to safeguard its interests, according to Foreign Ministry spokesperson Lin Jian, after the US sanctioned dozens of Chinese entities. China has thrown Tehran an economic lifeline as its biggest buyer of oil, and Xi appears in no rush to help Trump end a conflict that's pulling US resources from Asia. 2) The Trump administration is discussing additional trade penalties against Canada after Prime Minister Mark Carney unveiled dollar-for-dollar retaliation to new tariffs imposed by the US. Additional US escalation against Canada could include higher tariffs and other trade actions, according to a White House official. The Canadian government announced that it would double its existing counter-tariffs on US steel and aluminum products to 50% and apply new 50% duties to…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Treasury Secretary Scott Bessent’s threat to unleash an “economic D-Day” against Iran risks setting the US on a collision course with China, its main trading partner. Bessent promised an “economic onslaught against Iran’s financial connections around the globe” and unveiled dozens of new sanctions, but the main thrust was threatening secondary sanctions against companies and countries that continue doing business with Iran. China defended its cooperation with Iran and warned of potential retaliation, saying it will take all necessary measures to firmly safeguard its own interests, as the US effort to impose secondary sanctions risks expanding the economic disruption caused by the war against Iran. 2) Canada's government will announce measures to "protect and support" its workers and businesses in response to US tariffs. Domestic measures will include expanded jobless benefits and loans for businesses affected by the tariffs. Canada…

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Prime Minister Mark Carney’s government sees little chance of resuming talks with President Donald Trump before the midterm elections after trade talks collapsed. Carney is designing a domestic aid package to help businesses hurt by US tariffs, which will remain in place for the duration of the conflict and throughout the rest of Trump’s term if need be. The US has said the path for talks is unclear, with US Trade Representative Jamieson Greer stating that they don’t have new talks planned with the Canadians and are moving forward with measures that respond to Canadian retaliation. 2) Iran’s oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years. A US blockade has left loaded Iranian vessels trapped inside the Persian Gulf and a fleet of empty ones stuck outside, resulting in a scarcity of oil in the region. Treasury Secretary Scott Bessent is due to unveil a plan for “the…

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to Fed Chair Kevin Warsh’s speech in Jackson Hole and earnings from chip giant, Nvidia. In the UK – a look ahead to a key meeting of French business leaders as they count down to a pivotal Presidential election. In Asia – a look ahead to Tokyo inflation See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Oil headed for a substantial weekly gain, as a US push to isolate Iran’s economy raised the specter of further market disruption.Global crude benchmark Brent traded above $93 a barrel, on pace for a weekly advance of around 6%. West Texas Intermediate for October was near $86 a barrel following a five-session run of gains. 2) Treasury Secretary Scott Bessent said that he’s prepared to expand efforts to buy back costlier debt and that the administration will be unveiling a new fiscal initiative to address the highest borrowing costs in years. 3) Anthropic PBC expects to match or beat the size of SpaceX’s record-setting initial public offering, according to people familiar with the matter, in the latest sign of overwhelming demand from investors looking to profit from the artificial intelligence boom. See omnystudio.com/listener for privacy information.