Geopolitical and Military Developments - The United States and Iran exchanged strikes amid ongoing hostilities and diplomatic efforts involving key regional players like Israel [1] - President Trump considered a massive military attack on Iran while concurrently engaging in talks with officials including Vice President JD Vance, Jared Kushner, and Steve Witkoff [3][5][7] - Strategic military assets such as a B-1 bomber were deployed, and discussions arose regarding potential target expansions into civilian infrastructure like power plants and bridges [11][44][46] - The U.S. military enforced a blockade in the Strait of Hormuz, resulting in forces firing on a merchant vessel attempting to breach the blockade [86][87] Trade and Tariff Policies - The U.S. administration implemented revamp tariff strategies following a Supreme Court ruling, imposing duties ranging from 10% to 12.5% on imports from approximately 60 economies based on forced labor provisions [2][8][54] - Bloomberg Economics estimated that the net real increase from the new tariff implementation would be a modest 0.1% when accounting for exemptions such as food and USMCA items [62][80] - The U.S. initiated a Section 301 investigation targeting the European Union in response to multi-billion dollar regulatory fines levied against American technology firms including Apple, Meta, Google, and Amazon [51][52] Financial Markets and Corporate Sector - The S&P 500 experienced a volatile week with 10 of 11 major sectors finishing in the green, led by real estate and materials, while the tech-heavy Nasdaq 100 declined by 1% and the Dow Jones Industrial Average gained 0.5% [35] - Crude oil prices fluctuated between $90 and $100 per barrel, hovering near $98 amid escalating Middle East tensions, while bond yields fell across the curve [35][36][69] - Paramount and Warner Bros. paused a massive media merger valued at 110 billion dollars, which carried a 7 billion dollar termination fee and ongoing costs of 7 million dollars a day to shareholders [36][37] - SpaceX shares closed at 115 dollars per share, marking its lowest level since its initial public offering the previous month [34]

Let's look ahead to the weekend and to next week. Bloomberg this weekend. Lisa Mateo joins us now in studio.What do you have your eye on. Yeah, we're looking at Comic-Con. Okay.This is this is the nation's. Emily Blunt will be there. Emily Blunt, you.No, I think she'll be there. But some of your favorite may be a Chris Hemsworth, may be a whoever. But you have all these folks.Okay, so we're not just talking comics, right. We're talking TV. We're talking gaming.Gaming is huge for these. You have all these pe ...

Market Trends & Geopolitical Risks - S&P 500 showed little change following late declines driven by renewed fears of conflict with Iran and mounting losses in semiconductor stocks [1][2] - Treasury yields slid in tandem with falling oil prices amid market caution regarding US-Iran peace talks and Middle East instability [2][5] - National average price for gasoline in the United States jumped 15 cents in the past week to $49 per gallon, driven by rising crude oil prices [7] Corporate Earnings & Financial Performance - Alphabet reported its largest profit ever, though two-thirds of those gains were unrealized, free cash flow turned negative for the first time, and its share price dropped 7% [3] - American Express shares dropped 6% to 12% after reporting earnings that missed analyst expectations, raising questions about consumer spending strength [6] - Micron Technology shares surged 16% over the past 5 days, buoyed by record results and new AI-driven demand signals from China [6] Industry Regulatory & Credit Developments - Moody's issued a warning regarding unprecedented artificial intelligence infrastructure spending by Amazon, Meta Platforms, Alphabet, and others, threatening credit quality and increasing hidden debt burdens [4] - US President Donald Trump announced an investigation into European Union trade practices and consideration of substantial tariffs in response to unfair fines imposed on American tech companies including Google and Apple [3] - Microsoft and Nvidia urged US policymakers to avoid broad restrictions on open-source AI models to maintain American leadership and innovation [4] - Luxury auction houses reported record first half sales in 2026, fueled by surging technology and AI wealth driving high-value lots in art, watches, and collectibles [8][9]

Industry Ecosystem & Strategic Partnerships - AMD held the Advancing AI event featuring opening remarks and future vision presented by CEO Dr. Lisa Su [1] - Strategic collaborations were showcased with prominent AI and technology enterprises including Anthropic, OpenAI, Meta, Cerebras, AT&T, and Cisco [1] AI Infrastructure & Technological Development - Key presentations focused on cutting-edge AI infrastructure, architecture, compute innovations, and enterprise AI developments [1] - Technical sessions highlighted software platforms and enterprise computing solutions such as the ROCm Software Platform presented by AMD senior leadership [1]

A judge dismissed a lawsuit alleging that Meta’s WhatsApp is able to access users’ encrypted messages and has made false claims about the privacy and security of its chat service https://t.co/NFjfBuRd7D ...

get a do-over after an armed gunman derailed the original event, which means tonight, President Trump will address a roomful of journalists, many of whom he's attacked over their work as White House correspondents. For that reason, many of these journalists are saying that this dinner can't be business as usual. A letter signed by hundreds of former and current journalists urge the Correspondents Association to hold Donald Trump accountable, saying, quote, we believe it is hypocritical to celebrate the Firs ...

Market Trends and Stock Performance - Major stock averages experienced mixed performance on Friday and closed down for the week, with major averages extending losses to at least two consecutive weeks [1][2] - The Dow Jones Industrial Average rose by 235 points, driven by gains in Salesforce up 4% and IBM up 3.5%, while the S&P 500 index gained 3 points [1] - The Nasdaq index dropped 161 points, and the "Magnificent 7" big tech stocks suffered significant declines, with Nvidia being the only stock in the group to record a winning week [2][3] - Companies hitting fresh all-time highs include financial institutions Travelers, Allstate, JPMorgan, and Bank of America, alongside defense firms Raytheon, RTX, Hmet Aerospace, and General Dynamics [2] - Paramount agreed to delay its acquisition of Warner Brothers Discovery pending a court ruling on its legality, potentially avoiding substantial fees if the deal fails to close by the end of September [4] Macroeconomic Risks and Industry Impacts - Ongoing conflict in the Middle East entered its sixth month, creating widespread market volatility affecting stocks, bond yields, and oil prices [1][5] - Analysts warn that a protracted conflict extending into 2027 poses a severe risk-off event for already squeezed consumers, who account for 60% to 70% of the United States economy [6][7] - Inflation pressures and rising energy costs are impacting consumer budgets, particularly in lower-income demographics, compounded by the 30-year home loan mortgage rate approaching 7%, hitting 6.81% on Friday [7] - Homebuilders experienced softening demand as mortgage rates rose to a one-year high, while facing rising costs with lumber prices returning to their highest levels in a year [8][9] Corporate Earnings and Upcoming Events - Institutional investors are preparing for the busiest week of the earnings season, featuring reports from major tech companies including Apple, Amazon, Microsoft, and Meta (Facebook), alongside Coca-Cola and Ford [4][10] - Key market focus areas include capital expenditure increases by major tech firms like Meta, Amazon, and Microsoft, alongside upcoming Federal Reserve meetings on interest rates and economic growth data releases [5][10]

Live from Washington, D. C. this is balance of power with Joe Matthew.President Trump rebuilds the tariff wall. Welcome to the Friday edition. As the Trump administration adds new duties to imports from major trading partners, including the EU, just as tariffs implemented.After the Supreme Court ruling expire. We're going to get the latest and we bring you to the white House and talk to Bloomberg's Jeff Mason with commentary this hour from Chrystia Freeland and analysis from our political panel. The U.S. st ...

Welcome to Bloomberg. Thank you Joe. Great to be with you.And I say right on the air, you throw the best parties in Washington, D. C. Not that I would be at any of them.Uh, but your residents and your embassy are very important venues for diplomacy and the application of soft power. Before I get to tariffs here, does Irish diplomacy work with the Trump administration. I'd like to say Irish diplomacy works with any administration where we have been very lucky here in the United States over a very long time.Y ...

It's the president uh just taking to social media just a couple of moments ago and he is uh going after the European Union. He's very critical of fines that they have put in against Apple, Meta, Amazon, and others. And now he says, "We've just been informed that Google has been fined another billion dollars." The president says, "The United States of America is not a piggy bank for Europe, nor will we allow it to be. Please let this truth serve to represent that we will immediately initiate a 301 investigat ...