Bloomberg Daybreak: US Edition

Stocks and bonds rebounded after President Donald Trump said the US and Iran had “very good” conversations about an end to the conflict in the Middle East.
President rump said strikes against Iranian energy infrastructure and power plants would be postponed for five days following the start of talks with Iran to end the war.
For details on this development, Tom Keene and Paul Sweeney speak with Bloomberg Middle East Reporter Joumanna Bercetche, Silvercrest Asset Management Head of Investment Policy & Strategy Robert Teeter, and Veda Partners Co-Founder Henrietta Treyz.
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran carried out fresh strikes across the Persian Gulf hours before President Trump’s deadline to reopen the Strait of Hormuz expires, as the waterway’s closure continues to rattle global energy markets. The United Arab Emirates reported drone and missile attacks by the Islamic Republic overnight into Monday. Israel launched a wave of airstrikes on infrastructure in Tehran and said it’s preparing to expand ground operations in Lebanon, where it’s fighting Iran-aligned Hezbollah. Trump’s 48-hour ultimatum to “fully open” the vital strait — a conduit for about a fifth of global oil and liquefied natural gas exports — expires at 7:44 p.m. eastern time on Monday, after which he’s threatened strikes on Iran’s power plants. Should such an attack occur, Iran has threatened to hit power and water plants across the region. One senior Iranian official said on social media that the headquarters and assets of financial entities that buy US Treasury bonds are “legitimate targets.”
2) Global bond yields have risen to the highest since May 2024 as a surge in energy costs due to the Middle East conflict leads traders to position for central bank interest-rate hikes. US yields are perched at their highest in months after a third straight week of bond losses on speculation the Federal Reserve may be compelled to raise borrowing costs to combat inflation. Australia’s 10-year yields climbed to the highest level since 2011 on Monday, while those in New Zealand are at the highest since May 2024. India’s 10-year yield rose to a level last seen in January 2025. Japanese and South Korean bond yields also climbed, while European bond futures dropped.
3) Oil gained from the highest close since mid-2022, as investors assessed President Donald Trump’s two-day ultimatum to Iran to reopen the Strait of Hormuz and Tehran’s threat of reprisals. Brent rose above $113 a barrel, up for a fifth day, while West Texas Intermediate was near $100. Global benchmark Brent has surged by more than 50% since the strikes by the US and Israel on Iran began in late February. The conflict has shown no signs of abating, with key petroleum-product markets rallying even harder than crude. That’s threatened to unleash a wave of global inflation, bringing turmoil to financial markets from commodities to stocks and bonds.
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Bloomberg Daybreak Weekend with Host Alexis Christoforous take a look at some of the stories we'll be tracking in the coming week.
In the US – a look at to what we can expect for mortgage rates in 2026.
In the UK – we preview Denmark's upcoming snap elections
In Asia – a discussion on what we can expect when EV maker BYD releases earnings
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran pressed ahead with attacks on Arab states in the Persian Gulf even after Israel signaled it would refrain from hitting the Islamic Republic’s energy infrastructure, fueling volatility in markets roiled by the war in the oil-rich region.
2) Oil headed for another weekly gain as the war in the Middle East dragged on, with the Strait of Hormuz all-but-closed, strikes continuing across the region, and analysts warning the crisis may deepen.
3) Sanae Takaichi had warned her first summit with Donald Trump in Washington could be “extremely difficult,” after the US asked her to deploy warships to Iran. Instead, she showcased Japan’s deep ties with the US — and her own agility on the world stage. Takaichi smiled politely during the only obvious moment of tension during their Oval Office meeting on Thursday, when Trump referenced the Japanese attack on Pearl Harbor in 1941. Otherwise, the Republican leader praised Takaichi, highlighted new areas of economic cooperation and pledged to speak up for Tokyo when he eventually meets Chinese President Xi Jinping.
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump sought to stop attacks on energy facilities in the Middle East after Israel and Iran struck key targets, fueling concern that a prolonged war will cause lasting damage to oil and gas infrastructure. Iran unleashed waves of retaliatory strikes on projects in Arab countries across the Persian Gulf overnight into Thursday after its prized South Pars gas field — part of the world’s largest gas field shared with Qatar — came under Israeli fire, jolting markets.
2) A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf.
3) Federal Reserve Chair Jerome Powell made it clear the US central bank won’t cut interest rates again until inflation resumes cooling. And that’s before it even starts considering the possible impact of the war in the Middle East.
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