Bloomberg

Governments are rushing to secure supplies of critical crop nutrients ahead of spring planting, as the Middle East war chokes off the flow of commodities and amplifies fears of a global food crisis. Fertilizers exemplify the tight link between energy and food prices, underpinning harvests worldwide. The Middle East is a vital supplier, rich in both mineral reserves and the gas needed to produce nutrients for staples like corn, wheat and rice. With the Strait of Hormuz effectively shut, shipments have ground to a halt as Iran, the US and Israel continue to exchange strikes on energy infrastructure. Humayun Tai, McKinsey Global Energy & Materials Practice Senior Partner & Leader  joins to discuss.

Bloomberg's Erin Hudson joins Katie Greifeld on "Bloomberg Real Yield." The concerns building in the private-credit industry are starting to inflict pain in a rapidly growing segment of the US municipal debt market.

US Rep. Nicole Malliotakis (R-NY) says President Donald Trump still has leverage over Iran as talks in Pakistan get underway. She says it's important to get energy prices lower and to see a regime change in Iran. She speaks on "Balance of Power."

The coming days will determine just how narrow a sweeping spending package President Donald Trump will get from Congress next month. Republican leadership on Capitol Hill is hoping to pass swiftly another partisan tax-and-spending bill through the budget reconciliation process that would fund ICE and Border Patrol. Base funding for those agencies expired in February as Democrats balked at funding immigration enforcement without restrictions on those agents. Republican Representative Nicole Malliotakis joins to discuss the future for another reconciliation bill as well as the upcoming peace talks in Pakistan.

Treasuries fell as quickening inflation stemming from the US war on Iran and the prospect of escalation eroded wagers that the Federal Reserve will lower interest rates once this year. The rise in yields began in early US trading after the release of consumer prices data for March the first to reflect the impact of the war. Yields extended their climb to as much as five basis points after midday after US President Donald Trump threatened to escalate the war if weekend talks failed. Jared Bernstein, distinguished policy fellow at the Stanford Institute for Economic Policy Research/Former-Chair of the White House Council of Economic Advisers under President Joe Biden joins to discuss.

Neha Khoda, head of credit strategy at BofA Securities, joins Katie Greifeld on "Bloomberg Real Yield." A measure of perceived risk in US corporate credit improved this week amid sharp gains for many assets as the US and Iran reached a ceasefire deal.

Apple is closing its retail store in Towson, Maryland, the company's first unionized retail location. Apple says it's due to declining sales in the mall, while the labor organization representing workers calls it a case of union-busting. Bloomberg's Josh Eidelson joins Caroline Hyde on "Bloomberg Tech."

NASA's Artemis II crew prepares for a splashdown after a historic trip around the moon. Laurie Leshin, former head of NASA's Jet Propulsion Laboratory, discusses the risk the astronauts face on their return to Earth and what comes next for the Artemis program.

Private equity will play a larger role in professional sports, says Dallas Stars Chief Executive Officer Brad Alberts. He also talks about rising team valuations, streaming sports and if the team will move out of Dallas with Bloomberg's Julie Fine.

It's been a huge week for CoreWeave. CEO Michael Intrator says they signed a "multibillion-dollar contract" with Anthropic. The companies would not release exact financial terms. CoreWeave also announced a $21 billion dollar deal with Meta to provide computing power. Intrator speaks to Caroline Hyde on "Bloomberg Tech."