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Volkswagen CFO on Earnings, China Competition, Job Cuts

Volkswagen Chief Financial Officer Arno Antlitz speaks on Bloomberg Television after the carmaker cut its revenue expectations for the year. "Chinese competitors are exporting not only cars, but also competitive pressure to Europe," Antlitz says. He adds that the group still has underused factories. "We have great products, but the costs are too high," he tells Bloomberg's Oliver Crook.

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Bloomberg

Energy Prices Rebound As Iran War Widens: Markets Snapshot

Hope of hostilities easing between the US and Iran are fading quickly with neither side backing down or saying it's time for new negotiations. The conflict also faces a fresh threat of escalation as Iran-backed Houthis claimed their first attack on commercial ships in recent months. Investors and central banks are now confronting the possibility that the attack could effectively close another maritime chokepoint vital to energy markets. The Opening Trade spoke to guests about what the rebound in oil prices could mean for companies as Europe stares down the barrel of dwindling gas supplies.

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Bloomberg

Trump Rebuilds Tariffs With New Levies

The US will collect duties of between 10% and 12.5% on imports from most major trading partners. The new levies follow an investigation into the alleged failure of around 60 economies to prevent forced labor in their supply chains to the detriment of American workers. The move aims to reconstruct President Donald Trump's tariff wall that was pierced by the Supreme Court. Bloomberg's Rosalind Mathieson reports.

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Bloomberg

Intel Bets Big on CPU Demand

Intel delivered a blockbuster quarter and strong forecast fueled by soaring CPU and data center growth. The record demand is driving the company to raise its CapEx past $20 billion, with CEO Lip-Bu Tan telling Bloomberg Tech's Ed Ludlow that current supply still can't keep up.

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