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Oil Surges as Saudi Arabia Shuts Down Major Crude Pipeline

Oil surged after Saudi Arabia closed a major crude pipeline that has been used to bypass the Strait of Hormuz during the US-Iran war. Saudi says the pipeline has come under attack and was closed as a precaution. Rob Barnett, Bloomberg Intelligence senior energy analyst, says this is "effectively a three-alarm fire" in the oil space. He's on Bloomberg Radio.

Read more: Oil Surges as Saudi Arabia Shuts Down Major Crude Pipeline
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Tariffs Forced Nissan to Speed U.S. Production, Says Americas Chairman

Christian Meunier, chairman of Nissan Americas, says US auto tariffs have been hard to manage, but ultimately pushed Nissan to accelerate localization and production in the United States. He says keeping products affordable in North America is a challenge on "Bloomberg Open Interest."

Read more: Tariffs Forced Nissan to Speed U.S. Production, Says Americas Chairman
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Stocks Fall on AI Fears as 10-Year Yield Hits 5%

A rout in chipmakers dragged down stocks as leaders of artificial-intelligence giants called for a development slowdown, with the market also hit by a rally in oil that lifted Treasury 10-year yields to 5%. Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, gives her equity call amid the chip rout and energy price concerns.

Read more: Stocks Fall on AI Fears as 10-Year Yield Hits 5%
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All Eyes on Warsh as Rate-Hike Fever Spreads Across G7

Central banks from much of the Group of Seven face a pivotal week as mounting inflation risks heap pressure on them to raise interest rates. David Tinsley, Senior Economist for Bank of America, discusses the outlook for the US consumer and what he expects to see from the Fed's rate decision this week.

Read more: All Eyes on Warsh as Rate-Hike Fever Spreads Across G7
Bloomberg
Financial

Why the AI Sell-Off Is a Buying Opportunity: Tengler

AI stocks are under pressure as fresh safety warnings revive fears that the trade has run too far.  Is the AI boom cracking, or is this the dip investors have been waiting for? Nancy Tengler, Laffer Tengler CEO and CIO,  says the latest sell-off is more "hiccup" than collapse. She  argues the AI buildout is still a once-in-a-generation opportunity. She breaks down where the winners could emerge and when to start buying.

Read more: Why the AI Sell-Off Is a Buying Opportunity: Tengler