The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.
US Treasury yields ticked lower and stock futures were mixed as traders assessed the outlook for interest rates following Federal Reserve Chairman Kevin Warsh’s hawkish inflation comments at Jackson Hole.
John Ternus steps into his new role as Apple chief executive officer this week. Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally.
Today’s guests: Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research; James Kisner, Water Tower Research Technology Research Analyst.
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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:00:23 – Stocks, gold drop on Fed rate-hike bets
00:01:13 – Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research
00:09:17 – Oil gains as US hits Hormuz targets
00:11:14 – Trump’s Iran war exposes new challenge for Xi-Putin security bloc
00:14:04 – Germany’s Saxony-Anhalt holds elections Sept. 6
00:18:47 – Iceland votes to reject the European Union
00:21:41 – Monday top stories
00:23:02 – Monday headlines
00:23:25 – Apple’s Ternus takes CEO reins with AI first priority
00:26:22 – James Kisner, Water Tower Research Technology Research Analyst
00:33:58 – Lawmakers focus on compromise in UBS capital debate
00:36:08 – Shein falls in Hong Kong gray market
00:40:44 – BOE’s Bailey plays down inflation risk ahead of decision
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More on Bloomberg Television and Markets
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