US equity futures drop and oil prices rise, erasing a loss earlier in the week and returning to the levels reached in the wake of Israel’s strike against Iran. The conflict continues as President Trump arrives back in the US after leaving the G-7 summit in Canada early. Trump denies engaging Tehran in negotiations. Senate Republicans propose more aggressive cuts than Representatives in the House as they look to fund tax cuts. Mark Dowding of RBC Bluebay says the market is struggling to price in the multiple scenarios playing out on the geopolitical and economic landscape. Governor Glenn Youngkin of Virginia says he’s supportive of President Trump’s position of pursuing fair trade. Torsten Slok of Apollo says the Fed is in a tricky position ahead of their meeting this week as rising oil prices fuel inflation fears. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
Chapters:
00:00:00 – Intro
00:01:29 – First Look Movers
00:06:41 – Mark Dowding, RBC Bluebay Asset Management CIO & Senior Portfolio Manager
00:11:58 – Trending on the Terminal
00:13:26 – Glenn Youngkin, Virginia Governor
00:20:52 – Front Page News
00:22:44 – First Look Movers
00:24:05 – Torsten Slok, Apollo Management Chief Economist
00:30:56 – Trending on the Terminal
00:41:59 – What to Watch
——–
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