Bloomberg News and Videos — Page 878

Volatility from the Iran conflict has resulted in the single largest month of value destruction on record, with $12 trillion in market cap erased across global benchmarks, Bloomberg's China Show reports. Dina Ting, Head of Global Index Portfolio Management at Franklin Templeton, says the key to navigating this "manic" period is diversification.

Iran hit a fully laden Kuwaiti oil tanker in the anchorage area of Dubai's port, damaging the hull and starting a fire on board. Bloomberg's Dan Murtaugh explains the potential impact on oil prices as the Iran conflict continues to escalate.

President Trump threatened further escalation of the US military campaign against Iran in a social media post, as the fifth week of war jolts global markets with little sign of relief. Bloomberg's Laura Davison reports.

Meta's market cap is down about $280 billion this month, shares are down 17%. It could be the company's worst performance since October 2022. Mandeep Singh of Bloomberg Intelligence has more.

Former Senior Advisor to President Obama Puneet Talwar discusses President Trump renewing threats against Iran as US troops arrive in the region. He talks with Katie Greifeld on "The Close."

Bloomberg's Jerusalem reporter Dan Williams said that Israel is trying not to give Houthi's a propaganda victory after the Iran-backed group launched two ballistic missiles at Israel on Saturday. It marks a widening of the war as Israel continues strikes on both Iran and Lebanon.

Schwab Center for Financial Research Head of Fixed Income Research & Strategy Collin Martin discusses the negative consequences of a drawn out conflict in Iran, why there are risks to inflation and labor mandates, and why we shouldn't expect a recession in the near term. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Bailey Lipschultz, Katie Greifeld, Carol Massar and Tim Stenovec.

CIBC Private Wealth Senior Energy Trader Rebecca Babin discusses US oil settling above $100 per barrel for the first time since the start of the Iran War, and why the oil situation is moving from a 'chokehold' to a 'stranglehold.' She talks with Katie Greifeld and Bailey Lipschultz on "The Close."

Eric Nuttall, senior portfolio manager at Nine Point, said that oil disruption from war with Iran is projected to be worse than during the COVID pandemic as the Strait of Hormuz remains closed. Nuttall said that the oil companies are quickly working their way through the buffer supply of oil and expects that it will lead to physical shortages of oil barrels.