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Why Chinese Consumers Are Turning Away from LVMH, Gucci

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China’s $49 billion luxury market is shifting amid a prolonged economic slump. Spending on foreign premium brands like LVMH and Gucci is stalling, while consumers turn to homegrown labels such as Laopu Gold, Songmont, and Mao Geping. Bloomberg’s Shirley Zhao reports.
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Markets Shift Focus From SpaceX to Iran, Fed | Open Interest 6/15/2026

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Get a jump start on the US trading day with Matt Miller and Dani Burger on “Bloomberg Open Interest.” Stocks surge and oil plunges as the US and Iran strike a deal, but key questions remain to be answered. Fox makes a big bet on streaming, buying Roku in a $22 billion deal. On the markets, Infrastructure Capital Advisors CEO Jay Hatfield raises his year-end S&P 500 target to 9,000. Redwire CEO discusses the rapidly expanding space economy following SpaceX’s blockbuster debut. Plus, Ivanhoe Electric CEO Taylor Melvin on the outlook for copper as the US-Iran deal removes a key risk for commodity markets.

Chapters:
00:00:00 – Open Interest
00:02:07 – Oil Sinks on US-Iran Deal to Reopen Hormuz
00:05:13 – Future Rise, Oil Drops on US-Iran Agreement
00:07:53 – Nvidia Looks to Raise at Least $20B from Bond Offering
00:12:59 – High Interest | Stephen Miran, Trump Host UFC, Knicks Finals Champs
00:14:18 – Jay Hatfield Infrastructure Capital Advisors | Hatfield Raises S&P 500 Target to 9,000
00:23:03 – Stocks to Watch | Nvidia, SpaceX
00:23:45 – SpaceX Builds out Debut Rally Further Gains
00:24:04 – Stephanie Guild Robinhood | Stocks and Bonds Rally as Oil Falls on Iran Deal
00:31:55 – Top Calls | Old Dominion Freight, Roku, Rocket Lab
00:33:31 – Sheila Kahyaoglu Jefferies | SpaceX Extends Gains After Record IPO
00:40:38 – Fox to Buy Roku at $22B Value
00:44:45 – US, Iran Reach Agreement
00:48:16 – Rebecca Patterson Council on Foreign Relations | Stocks Rise Oil Drops
00:56:42 – Breaking News | Trump Arrives in Switzerland for the G7 Summit
01:05:33 – Peter Cannito Redwire | Space Economy Expands Beyond Launch
01:15:40 – Fox to Buy Roku Streaming Video Push
01:20:26 – Metals Spotlight | Taylor Melvin Ivanhoe Electric | Traders Await Trump Copper Tariff Decision
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Ret. Gen. Clark: US Must Not Give Up Iran Leverage Too Soon

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Retired General Wesley Clark, former NATO Supreme Allied Commander Europe and former Commander for US Southern Command, says the US should keep aircraft carrier groups in the Middle East through the 60-day negotiation period with Iran, warning that Washington’s leverage will fall once forces depart. Clark also discusses the role of US military assistance in Ukraine’s war against Russia. He speaks with Kailey Leinz on the late edition of Bloomberg’s “Balance of Power.”
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Iran Won’t ‘Get a Dime’ of US Taxpayer Money, Vance Says

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US Vice President JD Vance, in an interview on Fox News, said that Iran will “never get a dime of American taxpayer money, ever.” The comments came as the finer details of the memorandum of understanding between the Washington and Tehran are still unclear. Bloomberg’s Abeer Abu Omar reports.
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SpaceX Soars in 3rd Day of Trading, Set to Overtake Amazon| Bloomberg Businessweek Daily 6/16/2026

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Today, Mandeep Singh, Bloomberg Intelligence global head of technology research, talks SpaceX’s growth as the aerospace company soars in its third day of trading. Then, Nick Wadhams, Bloomberg national security reporter, breaks down the deal between the US and Iran that gives economic incentives to bringing the conflict to a close. Plus, Bloomberg macro strategist Simon White discusses the rise of debt backed by GPUs. Then, Bloomberg’s Ira Jersey joins Greg Peters, Co-Chief Investment Officer at PGIM Fixed Income, to talk their read on inflation and the job market as the FOMC gathers for the first meeting of new Fed chair Warsh’s tenure. Finally, Bloomberg’s Anthony Hughes joins Mike Dinsdale, CEO at Powerlaw, to discuss exposure to private tech companies and the tech IPO race.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:02:38 – Markets Preview & Fed Meeting
00:03:00 – SpaceX Surges Past Amazon
00:06:24 – Why SpaceX Bought Cursor
00:11:33 – New Details on the Iran Agreement
00:18:16 – The GPU is Wall Street’s New Real Estate Trade
00:24:16 – Fed Meeting Preview & Kevin Warsh
00:36:05 – Investing in Private Tech Companies
00:50:03 – Market Wrap & Stock Movers
00:52:49 – Netflix Loses Roku Bid
00:53:46 – Moderna Jumps on FDA News
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Netanyahu Pays Political Price for Trump’s Iran Deal

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Israeli Prime Minister Benjamin Netanyahu’s relationship with President Donald Trump has become a liability now due to the US deal with Iran, which much of Israel opposes. Bloomberg’s Dan Williams reports.
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