US Retail Gasoline Hits Four-Year High; Yen Gains | Bloomberg Brief 09/03/2026

US equity futures waver and a global bond rout eases as higher yields attract investors. The yen strengthens as traders weigh intervention risks, while the BOJ is said to favor raising rates by a quarter point this month. President Trump says the latest strikes on Iran. US diesel prices hit a four-year high. Broadcom slips after the chipmaker’s results and short-term forecast failed to meet lofty expectations, despite predicting a boom in AI chips over the next two years. Seema Shah of Principal Asset Management joins "Bloomberg Brief" to discuss the implications of elevated yields on stocks. Chapters: 00:00:00 - Bloomberg Brief Begins 00:00:18 - Top Stories & Headlines 00:00:50 - Global Market Check: Yen Surges as BOJ Leans Toward Rate Hike 00:02:13 - European Markets, Bond Yields & Swiss Economy 00:05:31 - What's Driving the Yen's Dramatic Strengthening, Dutch Central Bank Moves Gold From the US 00:09:14 - Iran Strikes US Bases as Middle East Tensions Escalate, China Pushes for a New Middle East Security Order 00:12:17 - Global Fuel Supply Strains Send Diesel Prices Higher, China's Role in Shifting Global Oil Flows 00:17:19 - Broadcom's AI Chip Boom Meets Short-Term Bottlenecks, Snowflake Sees Surge in Enterprise AI Adoption 00:20:00 - Front Page News 00:21:26 - Market Update: Stocks, Oil, Yields & the Yen 00:24:10 - Seema Shah, Principal Asset Management Chief Global Strategist, on AI Spending & Rising Bond Yields, Midterms, Market Volatility 00:33:47 - Trending on the Terminal 00:35:23 - Trump, Iran and Extended US Middle East Deployments, Xi Jinping Challenges US Influence in the Middle East 00:37:55 - Trump Administration and Birthright Citizenship 00:38:50 - Broadcom's Long-Term AI Chip Growth Outlook, Snowflake, Databricks and the Enterprise AI Race, ByteDance Raises Billions for AI Expansion 00:42:35 - 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