US and Iran clash

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. US and Iranian forces clash near the Strait of Hormuz. Ferrari’s new EV looks too much like a Tesla, critics say. And why Americans are eating more honey. Listen to the day’s top stories. — Marcus Wright Market Snapshot S&P 500 Futures 7,549.25 +0.8% Nasdaq 100 Futures 29,899.50 +1.2% Bloomberg Dollar Spot Index 1,200.16 +0.0% Market data as of 06:44 AM ET. Data is subject to provider delays. Your watchlist US and Iranian forces collided near the Strait of Hormuz, hours after Donald Trump suggested negotiations with Tehran over an interim deal were making progress. Trump also pressed Saudi Arabia and Qatar to recognize Israel by joining the Abraham Accords. And Iran signaled it could soon roll back some restrictions which have cut off millions of its citizens from the internet. Ferrari Suffers Disappointing Reviews of First Electric Car Read more Republican voters in Texas get their final say today in a drawn-out, vitriolic and hugely expensive Senate primary runoff. Four-term Senator John Cornyn faces Trump-endorsed Texas Attorney General Ken Paxton. Cornyn has said a Paxton win would jeopardize Republican chances in November. The risk of a compromised chemical tank exploding in the suburbs of Los Angeles eased and evacuation orders for some of the more than 50,000 people affected were lifted, according to the Orange County Fire Authority. The department has worked since Friday to contain the tank at a plant in Garden Grove, about 35 miles southeast of LA, after it overheated and leaked. Russia’s Foreign Minister Sergei Lavrov called Marco Rubio to advise him to evacuate American citizens and diplomats from Kyiv, warning that the Kremlin plans to continue heavy strikes on the Ukrainian capital. On Sunday, Ukraine came under a Russian drone and missile barrage, which Moscow framed as retaliation for an attack on a college in the Russia-occupied Luhansk region. Ebola is spreading faster in the Democratic Republic of Congo than responders can contain it, the World Health Organization warned. Suspected deaths climbed above 220 and treatment centers have come under attack in the country’s conflict-hit east. Here’s our explainer on the deadly outbreak. Spring Sale: Save 60% on your first year Get the numbers behind the narratives. Enjoy unlimited access to Bloomberg.com and the Bloomberg app, plus market tools, expert analysis, live updates and more. Offer ends soon. Unlock 60% off Deep Dive: AI in Finance A class on AI workflow for members of Valor Capital Group at their offices in New York. Photographer: José A. Alvarado Jr./Bloomberg Some Wall Street firms are paying consultants as much as $25,000 a day to teach their bankers how to use artificial intelligence tools, as they look to hire more AI specialists and shrink traditional roles. JPMorgan has rolled out LLM Suite, a generative AI tool used by most of its employees. And Anthropic has created AI agents designed to handle financial services tasks, including drafting pitch decks and reviewing financial statements. Financial institutions weren’t always enthusiastic. In 2022, when ChatGPT was launched, major global banks restricted the chatbot’s access on internal networks over fears of security lapses. More recently, regulators are stepping up scrutiny of Anthropic’s Mythos, which can discover cybersecurity risks that have gone undetected for years. The AI revolution is deepening anxiety about job security in finance. JPMorgan’s Jamie Dimon said last week that his bank will probably hire fewer traditional bankers and more AI specialists in future. The biggest US banks eliminated 10,600 jobs last year, the most in almost a decade. Bloomberg Tech returns to San Francisco on June 3-4. Led by Emily Chang and Tom Giles, it convenes leading CEOs, investors and innovators driving the industry forward. Register here. The Big Take New Zealand, once home to one of the world’s biggest housing booms, is now an extreme example of what happens when an upswing quickly reverses. Meanwhile the US, like many other countries, is still grappling with the opposite problem—values that remain too high for many would-be buyers. Opinion Signage for the FIFA World Cup at the World Trade Center PATH train station on May 21. Photographer: Michael Nagle/Bloomberg With the 2026 FIFA World Cup set to kick off June 11, much of the focus has been on how soaring temperatures could affect the footballers, Lara Williams writes. But the event is a reminder that the ones in real peril are the fans—and the players of the future. More Opinions John Authers The Pope Speaks Up for Humans, not Humanoids Jonathan Levin New Fed Chair Warsh Is Doomed to Break With His Campaign Pitch Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue is: Bank on it! Play now! Before You Go Photographer: Scott Semler/Bloomberg. Prop Stylist: Maggie DiMarco Honey is hot these days, with Americans consuming more per capita than ever. Honey spikes blood sugar like any other sweetener, but it benefits from a vague health halo that’s driving both restaurants and home chefs to increasingly swap it in. A Few More Mexico to Host Iran Players for World Cup as War Tensions Simmer How to Travel in the Summer of Chaos The Bond Investor Who Stuck With Venezuela Is Now Getting Paid More From Bloomberg Enjoying Morning Briefing Americas? Get more news and analysis with our regional editions for Asia and Europe. Check out these newsletters, too: AI Today chronicles the disruptions and threats of AI Market Moves delivers the pulse of the market to your inbox Markets Daily has what’s moving in stocks, bonds, FX and commodities Opinion Today for an afternoon roundup of our most vital opinions Texas Edition dives into the companies and people powering America’s second-largest economy Explore all newsletters at Bloomberg.com. 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