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Federal Reserve Bank of St. Louis President Alberto Musalem says policymakers cannot depend on a potential productivity boom from AI to ease elevated inflation at a conference in Reykjavík, Iceland.

Iran and the US have reached a deal to extend a truce and work toward an agreement to end the war, Axios reported, sending oil prices lower. Tyler Kendall reports on "Bloomberg Open Interest."

On this episode of Stock Movers with John Tucker: - Apple (APPL) is moving on news the next iPhone, iPad and Mac software updates will feature a revamped Siri interface and a new chatbot-style app. The new Siri will include features such as the ability to understand personal data and analyze on-screen content, a rebuilt model using Google Gemini technology, and AI-powered web search. - Caesars Entertainment (CZR) shares are on the move as the company agreed to be bought by Fertitta Entertainment Inc. in a $5.7 billion, all-cash deal. Caesars shareholders will get $31 a share in cash, which represents a 49% premium over Caesars' stock price on Feb. 25. - Snowflake (SNOW) is soaring after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon.com Inc.'s cloud services and chips.

Snowflake Inc. shares jumped after the software maker gave a stronger-than-expected annual outlook and signed a $6 billion multiyear agreement to use Amazon's cloud services and chips. Snowflake CEO Sridhar Ramaswamy speaks to Bloomberg's Matt Miller and Caroline Hyde about the results and how it will work with Amazon.

Federal Reserve Vice Chair Philip Jefferson says he expects inflation to cool later this year as the effects of tariffs and higher energy costs wear off but cautions that inflationary risks remain tilted to the upside. He speaks at a conference hosted by the Bank of Japan in Tokyo.

Federal Reserve Bank of New York President John Williams says the answer to whether a lift in productivity will ultimately impact interest rates and the central bank's policymaking is, "unsurprisingly, it depends." Williams spoke Thursday at a central banking conference in Iceland.

Miriam Wheeler, Goldman Sachs global head of leverage finance, says investors are focused on hard assets associated with the infrastructure buildout of artificial intelligence and this is a "generational opportunity." Wheeler says power demand for data centers will double over the next few years. She speaks to Dani Burger on Bloomberg Open Interest.

Robin Vince, CEO at BNY, describes himself as an "AI optimist" as he explains how the technology fits into the firm's plans over the next five years.

US consumer spending edged up in April, as inflation-adjusted consumer spending rose 0.1% last month, with annual inflation accelerating to the highest level since 2023 on increased energy prices. Michael McKee breaks down the data on Bloomberg Television.

Three Samsung-linked companies have agreed to buy a combined 4% stake in Dunamu, the operator of South Korea’s largest crypto exchange, Upbit.

Ethereum is heading into June 2026 under pressure after ETH fell 12.6% in May, ending its two-year run of positive May performances.

Dan Ives, global head of tech research and senior equity analyst at Wedbush Securities, examines second-quarter earnings from Snowflake and the pressure he sees on Salesforce to monetize 15% to 20% of their customer base over the next "two, three, four quarters."