US Suspends Visa Program for Tech Firms, Mideast Fighting Spurs Inflation Fears

The Trump administration is launching investigations into the use of foreign exchange visa programs at nine top colleges including Harvard, Stanford, and MIT, in its latest broadside against international students and scholars at elite schools. We speak with Bloomberg's Mike Shepard in Washington. Oil surged as fresh tanker attacks by Iran threaten to curtail a recent uptick in flows from the Middle East, as President Trump said the US would not attack Iran ahead of November’s midterm elections. Ellen Wald of Transversal Consulting joins for a closer look. We examine the state of the American labor market and the outlook for Fed policy with Claudia Sahm, Chief Economist at New Century Advisors. Plus - youth flag football participation has soared in an almost impossibly short time, especially among girls. Bloomberg's Amanda Mull joins to explain. All on the latest episode of Bloomberg Businessweek Daily. The Trump administration is launching investigations into the use of foreign exchange visa programs at nine top colleges including Harvard, Stanford, and MIT, in its latest broadside against international students and scholars at elite schools. We speak with Bloomberg's Mike Shepard in Washington. Oil surged as fresh tanker attacks by Iran threaten to curtail a recent uptick in flows from the Middle East, as President Trump said the US would not attack Iran ahead of November’s midterm elections. Ellen Wald of Transversal Consulting joins for a closer look. We examine the state of the American labor market and the outlook for Fed policy with Claudia Sahm, Chief Economist at New Century Advisors. Plus - youth flag football participation has soared in an almost impossibly short time, especially among girls. Bloomberg's Amanda Mull joins to explain. All on the latest episode of Bloomberg Businessweek Daily. Chapters 00:00:00 Bloomberg Businessweek Daily 00:02:09 Trump's Golden Age Tech Summit 00:05:06 Tech Companies & the Visa Crackdown 00:06:25 Oil Prices, Iran & Global Energy Markets 00:10:20 Saudi Arabia's Workaround for the Strait of Hormuz 00:12:37 Trump, Iran & Oil Market Volatility 00:14:18 Markets: Stocks Fall as Oil Rises 00:16:14 Claudia Sahm on the U.S. Labor Market 00:19:15 Wages, Inflation & the K-Shaped Economy 00:21:15 AI's Impact on Hiring & Entry-Level Jobs 00:23:20 Higher Interest Rates & Consumer Affordability 00:25:38 The Fed, Kevin Warsh & the Economy 00:27:50 Markets: AI Selloff & Rising Oil 00:29:35 Flag Football's Explosive Growth 00:31:13 Why the NFL Is Investing in Flag Football 00:32:58 Women's Sports & the Rise of Girls Flag Football 00:34:38 Inside the NFL Flag Championships 00:38:04 Markets & Stocks on the Move 00:39:15 Starbucks Eyes a Potential Chipotle Takeover 00:40:49 Levi's, Fashion Trends & Consumer Spending -------- 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