Stocks Drop, Oil Jumps After Trump Says Ceasefire with Iran Is "Over" | Bloomberg Brief 07/08/2026
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US equity futures slump and oil extends gains as President Trump says a tentative ceasefire with Iran is over. The US had struck 80 sites in Iran ahead of the president's remarks at the NATO Summit in Ankara, Turkey. Mark McCormick of BMO Capital Markets discusses the impact of fresh geopolitical tensions. 00:00:00 Bloomberg Brief Begins 00:00:39 Opening Headlines: Trump says Iran cease-fire is over 00:02:15 Asian markets slide as Korea enters a bear market 00:03:32 European markets, bonds and Le Pen reaction 00:05:38 NATO leaders face renewed Middle East tensions 00:09:39 Iran's overnight retaliation and Strait of Hormuz risks 00:13:40 Top Stories Trending on Terminal 00:15:01 AI trade rotation: Investors shift from Korea to China 00:17:36 Front Page News: Manhattan tower, Le Pen & UniCredit 00:23:02 First Look Movers: Alibaba, Micron, SanDisk & Navitas 00:24:09 Mark McCormick, BMO Capital Markets Chief FX Strategist 00;33;35 Trump Interview & political implications, Obamacare premiu
Tags: Abeer Abu Omar, Alibaba, BMO Capital Markets, Chloe Meley, Commerzbank, Donald Trump, FOMC Meetings, Geopolitics, Iran, Justina Lee, Kate Ackley, Kospi, Marine Le Pen, Mark McCormick, Matthew Bloxham, Mitchell Ferman, NATO, Obamacare, Stock Market News, Stock Market Outlook
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