Saudi Pipeline Attack Sends Oil Higher, AI Slowdown Hits Stocks

Equities fell around the world after leaders of the biggest artificial-intelligence firms proposed slowing the technology’s development. Anthropic and OpenAI are promising measures to rein in the pursuit of cutting-edge AI models to better understand the risks posed by the technology following a series of security breaches. Oil pushed higher as Saudi Arabia’s closure of a major crude pipeline following attacks jolted the market, with the move disrupting a route that’s been key to bypassing the Strait of Hormuz during the US-Iran war. Meanwhile a planned meeting between Iran and several Gulf nations on creating a temporary shipping lane through the Strait has been postponed, according to Oman’s foreign minister. Sweden’s election will go down to the wire, the tightest in its history, and one that will hinge on the complete counting in coming days of late-arriving ballots and votes from overseas. Today's guests: Rachel Baxter, Vanguard European Head of Investment Management; Ayako Fujita, JPMorgan Chief Japan Economist; Cathryn Cluever Ashbrook, Bertelsmann Stiftung Senior Adviser -- "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 with Francine Lacqua 00:00:26 - AI leaders call for development slowdown 00:06:36 - Saudi shuts oil pipeline that bypasses Hormuz 00:09:22 - Rachel Baxter, Vanguard, European Head of Investment Management 00:16:20 - Ayako Fujita, JPMorgan, Chief Japan Economist 00:23:27 - Monday headlines 00:23:56 - Swedish election race too close to call 00:27:34 - Cathryn Clüver Ashbrook, Bertelsmann Stiftung, Senior Adviser 00:34:54 - Trump demands Ukraine halt refinery strikes 00:37:20 - Trump: Would love to see 'united' Ireland 00:40:39 - Central bank decisions this week 00:44:03 - Mapping AI's economic impact -------- 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