Why the Iran War May Hurt Trump
The US-Israeli attacks on Iran have triggered a regional crisis and sent energy prices skyward. In the US, President Donald Trump's decision to go to war also could hurt his party in an election year.
The US-Israeli attacks on Iran have triggered a regional crisis and sent energy prices skyward. In the US, President Donald Trump's decision to go to war also could hurt his party in an election year.
The financial and logistical troubles the Iran war is causing for the global aviation industry are compounding by the day, with the number of canceled flights to Middle East hubs surpassing 23,000 since fighting began. Emirates, the world's largest international airline, extended its suspension of flights to Dubai through the end of Saturday, a full week since the US and Israel launched their joint attack. Qatar Airways extended its service halts into Friday. Bloomberg's Benedikt Kammel joins to discuss on Bloomberg Intelligence.
President Donald Trump is facing a major legal challenge from a group of states that are planning to file a lawsuit over his order placing a 10% tax on goods entering the US after the Supreme Court struck down his earlier sweeping duties last month. Greg Stohr reports on Bloomberg Television.
The US government drafted a rule requiring export licenses for AI chip shipments, including those from major companies like Nvidia and AMD, to all countries worldwide. Ed Ludlow has more on "Bloomberg Markets."
Arjun Raghavan, the CEO of Partners Capital, a firm that manages $75 billion for families and foundations worldwide and he says AI is the largest risk factor in markets right now. Arjun joined Bloomberg Open Interest to talk about the technology and where he seeks the cracks and opportunities in private credit.
Jamie Siminoff, Ring founder and chief inventor, discusses the growing role of AI in home security, highlighting Ring's new Super Bowl ad that features AI technology to help find lost pets. He speaks on "Bloomberg Open Interest."
Federal Reserve Bank of Richmond President Tom Barkin says it's too soon to say how policymakers will respond to the war in Iran, but they're tracking the impact on oil now. "Gas prices, obviously, if they're up, that is inflationary," Barkin told Michael McKee on Bloomberg Television Thursday.
Federal Reserve Bank of Richmond President Tom Barkin says it's too soon to tell how policymakers will respond to the Iran war, but he says they are tracking the price of gasoline closely. He also says policy is modestly restrictive right now and we've seen "a couple months of relatively high inflation." He speaks to Bloomberg's Michael McKee in Richmond.
Federal Reserve Bank of Richmond President Tom Barkin says monetary policy is modestly restrictive for now. He speaks to Bloomberg's Michael McKee in Richmond.
Bundesbank President & ECB Governing Council Member Joachim Nagel tell Bloomberg's Lizzy Burden that the duration of the Iran war will likely be the main driver of the inflation outlook, but that it is "much too early" come to a conclusion on what the impact will be across all sectors of the economy yet.
Noel Dixon, senior macro strategist at State Street, examines what a "new reality of reaccelerating inflation" could mean for markets.
Following strong sales growth in the US and a renewed focus on core brands, Italian drinks company Campari has raised its dividend and seen its stock make its biggest gain in months. 'We're putting all of our effort behind fewer brands and really driving it' says Simon Hunt, Campari's CEO. He spoke to Bloomberg's Francine Lacqua on 'The Pulse'.
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