Stocks Fall, Oil Rises as Iran Refuses to Soften Demands; US, China to Cut Tariffs
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US equity futures and Treasuries fall as uncertainties around the conflict between the US and Iran push oil higher and lifts concerns around inflation. Tehran says it's sticking to its proposal to reopen the Strait of Hormuz that President Trump has rejected. The US and China release a detailed plan to cut tariffs on about $30 billion of imports from each nation. Nvidia introduces a new double-layered AI security system that will keep agents from going awry. Aneeka Gupta of Wisdomtree joins "Bloomberg Brief" to discuss the market pricing in long-term uncertainty. Chapters: 00:00:00 - Bloomberg Brief Begins: Markets, Oil and Global Headlines 00:00:48 - Global Market Check: Asia Markets Slide as China Chip Stocks Weaken 00:02:22 - European Markets, Labour Conference and Oil Prices 00:04:15 - First Look Movers: Chipmakers, SK Hynix and UK Homebuilders 00:05:26 - Iran, the Strait of Hormuz and Prospects for Diplomacy 00:08:29 - UK Terror Investigation and Labour Party Conference
Tags: Abeer Abu Omar, Alibaba, Alice French, Aneeka Gupta, Anthropic, Bond Market, Brendan Murray, Brief, Caroline Hepker, China, Crude Oil, Diesel, Donald Trump, Federal Reserve, Geopolitics, Inflation, Iran, Japanese yen, Justina Lee, Kasia Klimasinska
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