US-Iran strikes intensify

Bloomberg Morning Briefing Americas  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

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Good morning. The US and Iran escalate their fight as hopes for diplomacy dim. Big money keeps pouring into AI despite the turmoil. And parents are getting their kids into stocks earlier than ever. Listen to the day’s top stories. — Hellmuth Tromm and Harry Black Market Snapshot S&P 500 Futures 7,622.50 -0.3% Nasdaq 100 Futures 28,962.00 -0.6% WTI Crude Oil Futures $90.42 +0.2% Market data as of 07:03 AM ET. Data is subject to provider delays. Your watchlist The US-Iran conflict intensified. Washington carried out its second round of attacks in three days, and Tehran hit back at US bases in the region, warning of an even heavier response to further attacks while accusing the US of hitting a wedding ceremony. Energy markets are on edge, with oil trading near a five-week high. Donald Trump downplayed the chances of a deal, while pressing refiners to help bring down prices at the pump. Stocks and bonds are feeling the heat. Futures remained under pressure and bonds extended losses as higher oil prices added to inflation worries, with the 30-year yield now back at levels seen before Scott Bessent’s gambit to contain borrowing costs and traders scrambling to shield their portfolios. The US-China 10-year yield gap is also nearing a record high. Still, the bond rout is nowhere near the wipeout seen in 2022. The AI frenzy, meanwhile, is alive and well. Nvidia is said to be nearing a $14 billion deal for Hugging Face, while coding startup Cognition is set to raise about $1 billion at a $47 billion valuation. Dell boosted its annual sales forecast by $25 billion on booming AI-server demand, and PwC sees a staggering $32 trillion in data-center spending through 2050. There’s plenty of action in oil, too. Firms are set to sign a series of deals that would allow Venezuela to more than double production within years, US Energy Secretary Chris Wright said. Chevron, meanwhile, announced plans to invest $7 billion over the next five years to boost production in the country, the biggest commitment yet to the US-led push. The White House also defended its partnership with Venezuelan entrepreneur Alejandro Betancourt on 17 oil fields. And Coinbase co-founder Fred Ehrsam is said to be seeking control of at least three more. Here’s an explainer on how Trump’s Venezuela oil push is taking shape. Bigger SALT Break Delivers Tax Savings in Unexpected Places Read more Massachusetts Senator Ed Markey won the state’s Democratic primary, NBC and AP projected, defeating former Marine Seth Moulton. The 80-year-old progressive touted his views on ICE and the Green New Deal and criticized his opponent’s comments on transgender athletes. His victory adds to progressive momentum after Abdul El-Sayed won Michigan’s Senate primary last month. Markey now faces Republican John Deaton, whom he led by 19 points in a recent poll. Claim over 50% off before summer ends As Q4 approaches, the rest of your year comes into focus. Prepare for whatever comes next with a Bloomberg.com subscription. Get your first year for just $399 $170. Offer expires September 11, 2026 11:59 PM EST. Unlock more than 50% off Deep Dive: Raising Young Investors Connor Du, a teen investor. Photographer: Alan Nakkash Parents are giving their teens an early start on Wall Street, opening joint investment accounts to teach them the ropes. The goal: build financial savvy and a bigger cushion for an uncertain future. Financial firms are jumping in, with Schwab launching a teen brokerage account that converts into a retirement account in adulthood. The push goes beyond Schwab: Gen Alpha already has more than $100 billion in annual US spending power, drawing other big names such as Capital One and Fidelity into the race. Anxiety is a factor, too: Some parents see investing skills as a hedge against an AI-transformed job market and an uncertain economic future, with four in 10 Americans still relying on their parents for financial support. There are pitfalls, with teens at risk of confusing investing with gambling, especially when egged on by social media. The Big Take A $40 billion ETF shuffle is helping major foreign investors dodge US taxes. Institutions are flipping between near-identical equity funds to avoid receiving dividends and the 30% tax that comes with them. Big Take Podcast Ukraine Faces a Dangerous, Pivotal Winter Opinion Construction on a new East Wing. Photographer: Saul Loeb/AFP/Getty Images The Supreme Court’s decision to brush aside rulings blocking Donald Trump’s ballroom project weakens the capacity of the judiciary to keep the president within the limits of his legal authority, Noah Feldman writes. In doing so, it undermines the rule of law itself. More Opinions Andreas Kluth Tactical Nukes Are a Gateway Drug to Armageddon The Editors Don’t Cut Off Friends to Reach Out to North Korea Play Alphadots! Our daily word puzzle with a plot twist. Today’s clue is: Defense contractor? Play now! Before You Go Buildings illuminated at dusk in Singapore. Photographer: SeongJoon Cho/Bloomberg Ask a Singaporean where to eat, and you may get more than you bargained for. Everyone seems to have a favorite spot for Hainanese chicken rice, chili crab or spicy laksa — and strong opinions to match. Here’s our roundup of the best bars and restaurants to try right now. One More UN Says Global Warming Will Cross 1.5C Soon, Hit at Least 1.8C Bloomberg Power Players - New York returns on Sept. 10. From athletes and team owners to commissioners and investors, this event will gather the most influential voices in the multitrillion-dollar sports economy. Learn more here. More From Bloomberg Enjoying Morning Briefing Americas? 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A moment for memory chips

Demand for Micron and SK Hynix memory chips has flipped since they sought Chips Act funds. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Alphabet Inc $335.02 -1.3% Apple Inc $325.13 +2.6% Micron Technology Inc $933.44 -2.6% Market data as of 06:57 PM ET. Data is subject to provider delays. Your watchlist Top Stories Anthropic’s new model: The company released a new version of its powerful Fable artificial intelligence model that it says is better at coding and science tasks. Customer feedback led to the improvements. Waymo’s expansion: The Alphabet company will begin offering robotaxi service in three more US cities, bring the number to 14. It’s also preparing an overseas expansion. Savvy Games’ changes: Brian Ward is stepping down as chief executive officer of the Saudi-owned video game giant. Ward oversaw the Saudi Arabian government’s $38 billion investment in the industry Must Reads Apple Ternus Touts Product Pipeline, ‘Phenomenal’ iPhone Launch in Memo Apple Inc. Chief Executive Officer John Ternus touted the company’s strong product pipeline and teased a “phenomenal” iPhone launch next week in his first remarks to employees as their new leader. Dell Boosts Annual Sales Forecast by $25 Billion; Shares Rise Dell Technologies Inc. shares jumped in extended trading after the company boosted its annual sales forecast by $25 billion in a further sign of surging demand for servers to run artificial intelligence tasks. YouTube Inks Amazon Partnership to Boost Online Shopping Bet YouTube has tapped Amazon.com Inc. as its newest affiliate partner in YouTube Shopping, part of the video giant’s push to prioritize e-commerce as one of its next big bets. Beyond The Brief Memory-chip makers Micron and SK Hynix were a low priority for lawmakers when they were debating what companies should get US government money in an effort to revive American manufacturing, Maggie Eastland reports in today’s Tech In Depth. But now demand is surging and the grants and loans awarded from the Chips Act to the companies are among the most important bets the government has made in its efforts to boost American technology, she writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg’s journalists around the world. Before You Go... Dyson Debuts $499 AI-Powered Toothbrush With a Built-In Camera Dyson Ltd. introduced a $499 toothbrush that uses artificial intelligence and a built-in camera to give real-time feedback, the latest in a growing subset of gadgets that put AI and video in sometimes unconventional places. Read more 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 Tech In Brief 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 |