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Trump's Iran War Widens, Forcing Reluctant Allies to Choose

In just over 48 hours since the US and Israel began striking Iran, the conflict has widened fast. Countries that say they aren't part of it are already being pulled in as their bases, infrastructure and citizens are exposed to retaliation. At some point, America's allies will have to choose. How much US activity do they host? How far do they stretch "defensive" support? What do they do when their own territory is struck? The longer the fighting drags on, the harder it becomes to stay on the sidelines. The United Arab Emirates and Qatar have already begun lobbying allies to help them persuade President Donald Trump to keep military operations against Iran short, according to people familiar with the matter. CSIS Middle East Program Director and Senior Adviser Mona Yacoubian joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Dorsey's Job Cuts at Block Arouse Suspicions of AI-Washing

When Block laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: artificial intelligence was allowing the company to do more with fewer employees. The announcement, though, landed at the center of a complex debate over AI and the future of work: on one side, genuine fear that the technology will displace jobs at an unprecedented pace; on the other, deep cynicism that companies are exploiting that fear to dress up old-fashioned cost-cutting as technological futurism. Marcelo P. Lima, Founder and Managing Partner at Heller House, joins Bloomberg Businessweek Daily to discuss. Lima has been a vocal critic of Dorsey's management style at Block, and posted soon after the layoff announcement that the reduction in force "is the new Citrini fake narrative." Lima speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Defense Stocks Surge as Middle East Attacks Escalate

Defense stocks surged Monday as military attacks escalated across the Middle East, with operations in the region underscoring that air and naval assets remain central to military strategy, which is likely to support the proposed US $1.5 trillion defense funding request. The group has rallied over the past year as global tensions intensified following the conflict between Russia and Ukraine, the US ouster of Venezuelan President Nicolás Maduro, and President Donald Trump's threats about taking over Greenland, which further fueled the rush into defense stocks. Bloomberg Intelligence Senior Defense Analyst Wayne Sanders joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

Treasuries Rout Shows Iran Conflict Reigniting Inflation Worry

Inflation is re-emerging as the crucial worry in the $30 trillion Treasuries market as investors see the risk of a protracted conflict in the Mideast that keeps crude prices elevated. For weeks, haven buying was the dominant driver of US government bonds. Treasuries just logged their best month in a year as investors sought shelter from losses in stocks and fretted about mounting tensions between the US and Iran. But on Monday, that flight-to-safety trade evaporated abruptly as the breakout of war in the Middle East over the weekend triggered a surge in oil prices. Michael Contopoulos, Deputy CIO at Richard Bernstein Advisors, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

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Bloomberg

'JEDI' Crafted for 'Future of Warfare': Defiance CEO

US-Israeli strikes on Iran quickly reverberated across the Middle East. President Donald Trump called on the nation's leaders to capitulate, while the Islamic Republic's security chief ruled out negotiations. Amid these tensions, Sylvia Jablonski, CEO & CIO of Defiance ETFs, talks with Katie Greifeld and Eric Balchunas on "Bloomberg ETF IQ." They discuss the Defiance Drone And Modern Warfare ETF (ticker: JEDI).

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