The yen swings after US and Japanese officials signal they are committed to defending the currency following their first joint intervention in 15 years. Oil falls after President Trump called off military strikes in the Middle East and said US-Iran talks are set to resume. Rebecca Walser of Walser Wealth Management discusses the implications of Fed Chair Warsh mulling changes to the frequency and timing of Fed meetings. Massimo Battaini, CEO of Prysmian, discusses the company’s all-cash deal to acquire US electrical parts manufacturer Atkore, in an exclusive interview.

Chapters:
00:00:00 – Bloomberg Brief Begins, Opening Headlines: Yen Intervention, Oil Drops & Fed Changes
00:00:53 – Global Market Check: Asia Markets: Yen Surge, BOJ Expectations & Alibaba AI Boost
00:02:21 – Europe Markets: Oil Decline, Bond Rally & Currency Moves
00:04:25 – First Look Movers: AstraZeneca, Bristol-Myers, Atkore & Ferguson
00:06:20 – US-Japan Joint Yen Intervention Explained, Will Yen Intervention Hold?
00:09:24 – Fed Chair Warsh Weighs Fewer FOMC Meetings
00:12:19 – Trump, Iran & Strait of Hormuz Negotiations
00:14:56 – Trending on the Terminal
00:16:06 – Breaking News: BOJ Intervention Estimate
00:16:39 – AstraZeneca–Bristol-Myers Merger Analysis
00:19:59 – Front Page News
00:21:30 – Markets Reset: Futures, Yields & Oil Update
00:23:12 – First Look Movers: AstraZeneca &Bristol-Myers Talks
00:24:18 – Rebecca Walser of Walser Wealth Management on Tech Outlook & Fed Chair Warsh Mulling Timing of Fed Meetings
00:32:02 – Trending on the Terminal
00:33:19 – Prysmian CEO, Massimo Battaini, on $3.8B Atkore Acquisition
00:40:15 – Yen Intervention: Why the BOJ Still Holds the Key
00:42:44 – What to Watch This Week
——–
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Blackstone President and COO Jon Gray says that the power of AI is being underestimated and that AI is creating new revenue streams.

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President Donald Trump signed an executive order to recommend breaking up the combined measles, mumps and rubella vaccine into three separate shots and overhauling the national childhood vaccination recommendations. He speaks in the Oval Office.
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GameStop Corp. may pull its $56 billion bid for EBay according to people familiar with the matter. GameStop CEO Ryan Cohen may instead propose a partnership. Bloomberg’s Bailey Lipschultz reports.
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On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from the Middle East. On today’s show, Democratic Congresswoman Suzan DelBene of Washington, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Princeton University Professor Bernard Haykel.
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