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UK Chancellor of the Exchequer Rachel Reeves is set to announce a package of measures, dubbed "Great British Summer Savings," in an effort to ease cost-of-living pressures made worse by the Iran war. Bloomberg's James Woolcock reports.

Erica Brescia, Redpoint Ventures managing director, reacts to Nvidia's first-quarter earnings report and explains why she is still bullish on the stock. She speaks on "Bloomberg The Close."

Rufaro Chiriseri, head of fixed income for UK and Europe at RBC Wealth Management, discusses the outlook for Treasuries as 30-year yields climbed to levels not seen since the global financial crisis. "We're actually happy to be sort of on the shorter end," Chiriseri tells Bloomberg Television. "But at the same time, it starts to look a lot more interesting with 30-year real yields at levels that we haven't seen since the GFC."

Cathie Wood of Ark Investment Management says "the largest revenue generating opportunity from AI, in terms of embodied AI, is going to be in transportation." She tells Bloomberg's David Ingles that Tesla and robotaxis "are about to take off."

Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, says, "the demand for fixed income is accelerating at higher yield levels," as she looks at what makes this bond market different from recent selloffs.

Kim Crawford, global fixed income portfolio manager at JPMorgan Asset Management, and Laura Cooper, global investment strategist and macro credit head at Nuveen, discuss the selloff in global bond markets as a fragile ceasefire between the US and Iran extends past 40 days and a deal to reopen the Strait of Hormuz remains elusive. They speak on Bloomberg Television.

Alberta Premier Danielle Smith discusses plans for a new pipeline to the west coast of Canada and expects Asian firms will invest. She speaks with Katie Greifeld on "Bloomberg The Close."

Lori Calvasina, head of US equity strategy at RBC, says "everybody loves industrials in the US," but warns of the sector being "a bit" overvalued. She speaks on Bloomberg Television.

Franklin Templeton Chief Executive Officer Jenny Johnson says that the US economy is "still very healthy" and there are reasons for the "euphoria" around markets. Speaking on Bloomberg Television, Johnson also warns of inflation risks, saying that "the reality of inflation is it's sticky" and markets are underestimating the reality of it.

Lindsey Piegza, Stifel chief economist, says inflation is still a concern for the US economy. She says consumers face months of pain ahead and more price pressures are coming. She speaks on Bloomberg Surveillance.