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Oil Falls As More Ships Pass Through Hormuz | Bloomberg Businessweek Daily 6/24/2026

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Today, Laura Davison breaks down divides on both sides of the aisle as primary wins from the left puts NYC Mayor Zohran Mamdani back in the spotlight and President Trump leverages power over Senate Republicans to pressure lawmakers into passing a voter ID act. Then, Mike Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, weighs in on market reaction ahead of Micron earnings. Plus, Katie Hubbard, president of US capital markets for Walton Global, discussed the homebuying and homebuilding landscape after President Trump delayed signing a bill that would limit large investment firms from buying up single-family homes.
Finally, Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, breaks down the oil market as WTI fell below $70 earlier in the day on ships moving through the Strait of Hormuz.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:01:33 – Oil Falls as Strait of Hormuz Reopens
00:03:21 – SpaceX Debt Deal and Hertz Warning
00:04:12 – Trump Cancels Housing Bill Signing
00:05:05 – GOP Tensions and Save America Act Fight
00:08:42 – Trump, Mamdani and the Midterm Narrative
00:11:17 – Janus Henderson on Micron, Inflation and Rate
00:15:08 – Why Inflation May Stay Higher for Longer
00:16:56 – Where Investors Are Putting Money Now
00:19:03 – Google AI Talent Exodus and Anthropic
00:22:51 – Housing Market Reality Check
00:23:58 – Homebuilders, Affordability and Land Supply
00:26:35 – Will Trump’s Housing Bill Lower Costs?
00:28:02 – Zoning, Regulation and the Real Housing Bottleneck
00:32:02 – Oil Market Update and Strait of Hormuz Risks
00:34:08 – Deep Dive: Global Oil Shipping and Supply Chains
00:37:37 – Has the Strait of Hormuz Changed Forever?
00:39:45 – Gas Prices and Trump’s Criticism of Big Oil
00:42:45 – Stocks on the Move: Qualcomm
00:44:46 – Meme Stock Watch: Wendy’s
00:45:49 – Hertz Plunges on Profit Warning
00:47:29 – AI Drug Discovery and Hair-Loss Treatments
——–
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Oil Slumps as Trump Calls Off Attack on Iran

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Oil fell after US President Donald Trump said new talks with Iran would begin on Monday after he called off a planned attack on the Islamic Republic. Bloomberg’s Nicholas Lua reports.
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Senate Delays Clarity Act Vote Until After August Recess | Balance of Power 08/07/2026

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Chris Coons of Delaware discussed the current Senate agenda, aiming to pass a government funding bill to avoid a shutdown through December, highlighting the importance for federal employees and the country’s global standing. Republican Congressman Dusty Johnson of South Dakota, a member of the House Committee on Agriculture and the House Select Committee on China, spoke about the ongoing negotiations in the Senate regarding a continuing resolution to fund the government. Democratic Congressman Greg Landsman of Ohio, a member of the House Energy and Commerce Committee, discussed the recent Senate passage of the Lindsey Graham Russia sanctions bill.

Chapters:

00:01:47: Sen. Chris Coons (D-DE) on Senate Eyes Packed Agenda Ahead of August Recess
00:03:58 Sen. Chris Coons (D-DE) on Trump: Senate Will Hopefully Pass Protect College Sports Act
00:05:12 Sen. Chris Coons (D-DE): Blanche May Be Confirmed but Republican Colleagues Will Regret That
00:09:27 Sen. Chris Coons (D-DE) on US Says Putin Willing To Test NATO With Limited Assaults: WSJ
00:13:22 Bloomberg’s Josh Wingrove on Trump Again Moves To Fire Cook, Reviving Fed Independence Fight
00:15:18 Rep. Dusty Johnson (R-SD) on Possible Government Shutdown in September
00:17:28 Rep. Dusty Johnson (R-SD) on Senate Delays Clarity Act Vote Until After August Recess, Thune Confirms
00:22:28 Bloomberg’s Michael McKee on US Employers Unexpectedly Shed Jobs
00:26:54 Rep. Greg Landsman (D-OH) on Senate Passes Russia Sanctions Bill Championed by Sen. Graham
00:29:26 Rep. Greg Landsman (D-OH) on Iran Says Deal With Oman on Hormuz Ships Agreed in Principle
00:31:36 Rep. Greg Landsman (D-OH) on Pressure Increases on Rep Miller To Step Aside
00:34:45 Rep. Greg Landsman (D-OH) on Supreme Court Lets Trump End Protected Status for Haitians
00:36:25 Bloomberg’s Tyler Kendall With Daniel Driscoll: Giving Firms Access to Testing Ranges
00:41:58 Political Panel Reacts: Senate Packed Agenda, Cassidy Says He’ll Give Blanche Key Vote for Attorney General, White House Ballroom

——–
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Weak Jobs Report Fuels Rate Hike Skeptics | Bloomberg Businessweek Daily 8/7/2026

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A weaker-than-expected jobs report has stock rebounding on speculation the Fed may not have to hike rates soon. Bloomberg’s Mike McKee and Deutsche Bank Chief US Economist Matthew Luzzetti break down Friday’s jobs numbers, including how an aging population are reshaping the economy. Plus, Indeed Hiring Lab Director of Economic Research Laura Ullrich talks about the impact to jobs in the education sector and what she’s seeing as the fasted growing jobs in the US. Finally, ‘Business of Sports’ Podcast Co-host Randall Williams talks streaming costs for sports fans and the ongoing FIFA revolt.
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Iran War: Trump Says New Talks to Begin | Daybreak Europe 8/3/2026

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, the US President says new talks with Iran are set to begin after he cancelled a planned attack. Oil tumbled and bonds gained on hopes for a deal to reopen the Strait of Hormuz. Iran says it’s in the final stages of talks with Oman on a new route through the Strait, but the talks don’t cover whether it will be open or closed.

Japan and the US warned of further coordinated action in FX markets, after confirming their first joint intervention in 15 years to lift the Japanese currency from a near four-decade low.

And Bloomberg understands that AstraZeneca has looked into an acquisition of Bristol Myers Squibb in a megadeal that would create one of the world’s largest drugmakers.

Today’s guest: Ludovic Subran, Allianz, CIO & Chief Economist.

Chapters:
00:00:00 – Daybreak Europe
00:01:08 – Oil Falls on Optimism for US-Iran Deal, Yen Gains
00:06:29 – Oil Slumps as Trump Holds Off Iran Attack, Says Talks to Resume
00:09:23 – Yen Rises Amid Speculation of More Intervention After US Support
00:12:40 – AstraZeneca Is Said to Have Explored Bristol Myers Merger 
00:20:44 – Europe’s Key Rivers are Drying up Due to Extreme Heat
00:23:08 – US and Japan Move to Transform Yen Landscape With Joint Action
00:24:57 – Trump Says Iran Talks to Begin Monday After Scrapping Attack
00:28:33 – Ludovic Subran, Allianz, CIO & Chief Economist
00:32:46 – European Earnings Week Ahead
00:43:29 – US & Japan Warn of Further Intervention
——–
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Fed Silence & Tightening Spread Environment | Real Yield 8/6/2026

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“Bloomberg Real Yield” highlights the market-moving news you need to know. Today’s guests: JPMorgan Asset Management Head of Market Strategy, Alternative Fixed Income Oksana Aronov and BNP Paribas Global Head, Desk Analysy Viktor Hjort.

Chapters:
00:00:00 – Real Yield opens
00:06:07 – Oksana Aronov: What’s Driving the Rise in the 30-Year Term Premium?
00:07:46 – Oksana Aronov: How Much Is Oil Driving the Bond Market?
00:10:29 – Oksana Aronov on Whether Treasury Bill Issuance Increase Bond Volatility
00:12:20 – US Joins Japan In Yen Intervention, First Time in 15 years
00:16:13 – Oksana Aronov: Is the U.S.-Japan Currency Intervention Costly?
00:17:58 – Blackstone Pitched Package Anthropic Chip Deal
00:23:12 – Credit Roundtable with Oksana Aronov & Viktor Hjort: Alphabet’s $25B Bond Sale
00:26:15 – Viktor Hjort: Is Alphabet Different From Meta?
00:27:33 – Viktor Hjort: Who Gets Crowded Out by AI Borrowing?
00:29:20 – Oksana Aronov: Were July Investment-Grade Returns a Turning Point?
00:30:58 – Viktor Hjort: Why Overweight Banks Instead of AI Credit?
00:32:10 – Oksana Aronov: Where to Find Value Outside AI Credit?
00:34:42 – Muni Moment: Healthcare Credit Risks
00:36:22 – University of California Admissions & Standardized Testing Debate
00:39:58 – Final Thought
——–
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