Brent Hits $100, US Slaps Bans, New Tariffs on Canada, Trump to Speak at RNC

Brent crude reaches $100 a barrel for the first time since July as the US and Iran keep up attacks on each other. Trade tensions escalate as the Trump administration blocks imports of some Canadian products and imposes fresh levies. Treasury Secretary Scott Bessent dares the market to bet against the Japanese yen. President Trump gears up to speak at the Republican National Convention in Dallas, Texas. Isabelle Scemama, BNP Paribas Global Head of AM Alternatives, and Blair Jacobson, Ares Management Co-President, joins Bloomberg’s Guy Johnson on “Bloomberg Brief” from the IPEM Global conference in Paris, France.

Chapters:
00:00:00 – Bloomberg Brief Begins
00:00:18 – Oil, Trade and Global Markets Headlines
00:00:46 – Global Market Check: Asian Markets Rally on Tech and AI Optimism
00:02:14 – European Markets, Energy Prices and ECB Outlook
00:03:31 – Oil Tops $100 as Treasury Yields Rise
00:04:50 – First Look Movers: Software, Lithium and AI
00:06:11 – Iran Conflict Escalates and Pressures Oil Markets, Houthi Attacks Raise Risks for Saudi Arabia
00:09:54 – US-Canada Trade Tensions Escalate
00:12:45 – Trending on the Terminal
00:14:35 – Isabelle Scemama, BNP Paribas Asset Management Global Head of AM Alternatives, on Private Markets and Europe
00:23:15 – Front Page News
00:26:41 – Bessent’s Yen Intervention and Treasury Buybacks
00:29:54 – US-Canada Trade War and Economic Risks
00:31:39 – Oil Prices Become a Midterm Election Issue, Trump and Republicans Prepare for Dallas Midterm Convention
00:36:21 – Blair Jacobson, Co-President of Ares Management, on Rates, Geopolitics and Private Markets, & AI’s Impact on Software and Private Credit
00:44:57 – What to Watch
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