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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts