Trump Rules Out Iran Attacks Before Midterms, AI Funding Rush Continues
Bloomberg TelevisionOil declined after President Donald Trump said the US would not attack Iran before November’s midterm elections, signaling a period of more than three weeks for no offensive military action against Tehran. Trump’s decision to lay off on new strikes comes despite Tehran escalating attacks in the waterway, which has boosted risks for vessels that have been moving crude to global market in increasing volumes. The president also said that a US naval blockade of Iran’s ports would remain in full effect. OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, according to people familiar with the matter, driven largely by growth in its enterprise business. Chapters: 00:00:00 - The Opening Trade Begins: Opening Headlines - OpenAI, Oil and EU-China Trade 00:01:43 - OpenAI's $50B vs. $70B Revenue Run Rate, AI Valuations, Firmus IPO and SoftBank 00:04:54 - Hurricane Threatens Gulf Oil Production 00:05:33 - China Rejects Claims Its Currency Is Undervalued 00:06:28 - Ian Ferrao, Airtel Money CEO, on IPO & Airtel Money's African Fintech Growth Strategy 00:11:24 - Revolut CEO Nik Storonsky Eyes US Expansion 00:14:07 - World Trade Organization Chief Economist, Robert Staiger, on AI Investment Boosts Global Trade, Geopolitics Reshapes Global Trade Flows 00:21:50 - Need to Know: UK Politics, France Protests and Hurricane Isaias 00:24:14 - Markets Rise as Oil and Bond Yields Fall 00:26:51 - Wisdomtree Macroeconomic Research Director Aneeka Gupta on AI, Can European Equities Withstand Higher Yields 00:35:04 - OpenAI Revenue Revisions Reassure Markets, Firmus IPO Collapse Tests AI Valuations 00:39:44 - AI Capex Bubble: MLIV 00:43:14 - Stocks to Watch 00:46:19 - European Market Opens 00:49:05 - Tech, Energy and Telecoms Lag 00:50:40 - Goldman Sachs' Christian Mueller-Glissman on AI Monetization and Investor Skepticism, Outlook for European Equities and Banks 01:00:37 - European Market Movers 01:03:13 - Airtel Money Prepares for London Trading Debut 01:05:33 - China Pushes Back on EU Currency Criticism 01:08:04 - EU-China Trade Imbalance and Market Access 01:10:48 - Weekend Preview and Closing -------- 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