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Iran Won’t Close Strait of Hormuz, Schork Says

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Steven Schork, Schork Group principal and editor, says he does not think Iran will close the Strait of Hormuz because it would hurt India and China, two of their biggest oil export clients. He is on “Bloomberg Surveillance.”
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US-Iran Tensions Build in Hormuz Without Talks | Balance of Power: Early Edition 4/23/2026

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss …

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How AI Is Making Asia’s Richest Families Even Richer

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The 20 wealthiest clans in Asia are now worth a collective $647 billion. Even as fears of an AI bubble grow, families behind …

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Americans Crave Low-Cost Chinese EVs

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Across social media, influencers are hawking Chinese car brands like BYD, Xiaomi and Zeekr with luxury features, state-of-the-art …

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Why Is Elon Musk Taking SpaceX Public?

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SpaceX confidentially filed what could wind up being the biggest-ever IPO. If investors value the company the way Elon Musk hopes they will, it would make Musk the world’s first trillionaire. This week on Everybody’s Business, Dana Hull joins Stacey Vanek Smith and Max Chafkin to explain why there is more reason than ever to be skeptical of Musk’s promises.
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DOJ Drops Powell Probe, Smoothing Warsh Path to Fed

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The Justice Department is ending a controversial investigation into building-renovation cost overruns by the Federal Reserve, potentially clearing a path to confirmation for Kevin Warsh, President Donald Trump’s pick to be the next Fed leader.
US Attorney Jeanine Pirro said in a social media post Friday that the Fed Inspector General had been asked to scrutinize the cost overruns. She said she expects a report soon on the findings. Bloomberg International Economics and Policy Correspondent Mike McKee joins Paul Sweeney and Scarlet Fu on ‘Bloomberg Intelligence’ to discuss what happens next.
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