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Bloomberg

South Africa's Ramaphosa Says He Won't Resign

South African President Cyril Ramaphosa said he will not resign during a televised address to the nation on Monday. "To do so would be to give credence to a panel report that unfortunately has grave flaws," he said. An independent panel found Ramaphosa may be guilty of serious misconduct in relation to the theft of money at his game farm. (Corrects spelling of Ramaphosa)

Read more: South Africa's Ramaphosa Says He Won't Resign
Bloomberg

Oil Climbs as US-Iran Deadlock Lifts Bond Yields

Hardika Singh, Fundstrat Economic Strategist says that tech stock earnings are really driving the stock market more than the war in Iran. A renewed advance in oil prices sent bonds lower after the US and Iran failed to agree on terms to end their war, dashing hopes for a revival of the Strait of Hormuz while stoking inflation concerns. The Treasury market, which has priced out the odds of Federal Reserve rate cuts this year amid the Middle East conflict, saw an increase in yields. Another rally in chipmakers left the S&P 500 at all-time highs, but most of the US equity benchmark's shares retreated

Read more: Oil Climbs as US-Iran Deadlock Lifts Bond Yields
Bloomberg

America's Capability and Creditably as An Ally Is Being Tested Says Conley

Heather Conley, a senior fellow at the American Enterprise Institute, said President Trump goes into his summit in China this week in a weakened position because of the continuing standoff with Iran after he rejected Tehran's latest peace offer. She also discussed the Ukraine ceasefire and what this means for the future for the region.

Read more: America's Capability and Creditably as An Ally Is Being Tested Says Conley
Bloomberg

Investing in the Age of AI Disruption

Mike Pyle, Deputy Head of BlackRock's Portfolio Management Group joined Bloomberg Open Interest to explain why AI isn't a bubble and how it's  reshaping the global economy. He breaks down the short-term inflation hit vs. long-term productivity boom, and why traditional 60/40 portfolios are failing to diversify in an AI-dominated market. He also warns investors may be underestimating the economic risks from the Iran conflict, global oil disruptions, and the Strait of Hormuz crisis.

Read more: Investing in the Age of AI Disruption