Saudis face security test

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. Deadly attacks on Saudi Arabia threaten a dangerous escalation. Volodymyr Zelenskyy risks a rupture with Donald Trump. And California wine growers are betting big on agave. Listen to the day’s top stories. — Marc Perrier Market Snapshot S&P 500 Futures 7,866.25 +0.1% Nasdaq 100 Futures 31,073.50 -0.1% WTI Crude Oil Futures $92.81 +1.0% Market data as of 06:30 AM ET. Data is subject to provider delays. Your watchlist The Saudi-led coalition fighting the Houthis intercepted missiles and drones targeting the kingdom overnight, including areas housing key energy facilities. It came after Saudi Arabia suffered its deadliest strikes since the Iran war began, with at least 14 people killed and hundreds wounded in Houthi attacks on airports over the weekend, raising the risk of a wider war drawing in the US. Oil wavered as Middle East crude kept flowing despite tensions, while US futures rose as traders weighed the prospect of solid corporate results this week. The Treasury market is closed for Columbus Day, but here’s why the recent bond selloff may mean fewer rate hikes from global central banks. Ukrainian President Volodymyr Zelenskyy is on a collision course with Donald Trump, who is increasingly viewing Kyiv’s war with Russia through the lens of energy prices ahead of the US midterms. Zelenskyy said Ukraine will continue long-range strikes on Russia unless Moscow agrees to an energy ceasefire, an announcement Trump sprang on him. The US president also suggested the Ukrainian leader should consider stepping aside. Microsoft CEO Satya Nadella said companies should treat powerful AI models as potential insider threats, assume they may be compromised and build an “emergency brake” to stop agentic models from going rogue. The head of the International Monetary Fund sounded a different alarm, warning of AI’s disruptive impact on the labor market and taxation. Why AI Data Centers Cost Billions to Build Read more McKinsey removed senior partner Chris Bradley from a leadership role after he posted online comments questioning the uphill battle female executives face in the workplace. The consulting firm has long sought to advance the conversation about challenges women encounter in their careers. Limited-time offer: 60% off unlimited access Summer's over, but the markets didn't take a break. Stay ahead with trusted business news, markets data and expert analysis. Get your first year for just $399 $149. Offer expires October 22, 2026 11:59 PM EST. Claim 60% off Deep Dive: Megaprojects Hype Photographer: Yuri Gripas/Abaca/Bloomberg Trump is touting promised multibillion-dollar megaprojects in battleground states ahead of the midterm election as voters lament gas and food costs. But pledges for a steel plant in Iowa, an aluminum smelter in Oklahoma and a long-sought gas pipeline in Alaska face significant questions. Americans, meanwhile, are expressing acute concern about the cost of living, making affordability the election’s dominant issue. Trump isn’t alone in using landmark projects to build electoral momentum. Ahead of the 2022 midterms, Joe Biden celebrated the groundbreaking of an Intel facility in Ohio. And Trump has done it before. In the run-up to the 2018 midterms, he celebrated Foxconn’s planned $10 billion Wisconsin plant, calling it “the eighth wonder of the world.” The Big Take France has been cornered by the bond market after years of borrowing and spending, raising fears the turmoil may spread across Europe. Opinion Russian President Vladimir Putin. Photographer: Andrey Rudakov/Bloomberg Vladimir Putin’s claim that Russia may cease to exist if it loses in Ukraine may seem absurd, Marc Champion writes, but it would explain the Kremlin’s escalating attacks. More Opinions Javier Blas Big Oil Goes Back to Iraq and Likes What It Sees Hal Brands AI Is Redrawing the Map of the US-China Rivalry Test Your Knowledge Today's clue is: White-collar job? Alphadots|Bloomberg Games Play Before You Go Calavé Blanco agave produced in California. Photographer: Andri Tambunan/Bloomberg California wine growers are swapping grapes for agave as water restrictions and falling wine demand bite. The spiky blue-green succulent, used for centuries in Mexico to make tequila and mezcal, is cheaper to grow and needs less water and maintenance. A Couple More Aaron Sorkin’s ‘Social Reckoning’ Film Tanks on Opening Weekend Nobel Prize Goes to Economists Who Recast Ideas of Keynes The Best Time to Be in Tokyo Is Right Now 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: Money for insights, ideas and tools for doing more with your money 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 Explore all newsletters at Bloomberg.com. We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Morning Briefing Americas newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |