Bloomberg Daybreak

Japanese Finance Minister Satsuki Katayama says rising bond yields partly reflect capital demand for the global AI infrastructure rollout, warning that this boom will not last forever. (Source: Bloomberg)

Gold sank to its lowest in more than seven weeks as the standoff between US and Iran over the Strait of Hormuz kept energy costs elevated and reinforced pressure on the Federal Reserve for more interest-rate hikes.

The Malaysian ringgit may be poised for gains as higher oil prices and the artificial-intelligence boom provide tailwinds for the currency, strategists say.

Ingenia Communities Group will assess a a new, higher takeover bid from private equity group Warburg Pincus and its affiliates, the company said Monday.

J.C. Bamford Excavators Ltd. said that George Bamford will become joint chairman alongside his father, marking the first change at the top of one of the UK’s biggest private companies in more than 50 years.

A standoff between the US and Iran spurred oil-market volatility, dragging down stocks and bonds on concerns that potential inflationary pressures could trigger Federal Reserve rate hikes.

Oil ticked higher as strong demand for physical barrels collided with easing supply disruptions in the Middle East and progress toward reopening the Strait of Hormuz, though repeated false starts have left traders skeptical.

President Donald Trump said he is still looking “very seriously” at implementing a US ban on diesel exports to combat high prices, even as others in his administration continue to focus on other possible steps.

The bond market is on the brink of signaling that a series of Federal Reserve interest-rate hikes will start shifting the narrative toward the risk that the US economy stalls out.

The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by IAEA Director General Rafael Grossi, The New York Times Finance Reporter Maureen Farrell, Cuban Deputy Foreign Minister Carlos Fernandez de Cossio, Renaissance Macro Research Head of Economics Neil Dutta, Ways and Means Committee AI Caucus Co-Chair VA Rep. Don Beyer, Puck Washington Writer Abby Livingston, and Rutgers Eagleton Institute of Politics Director Ashley Koning. (Source: Bloomberg)

Bloomberg entertainment reporter Lucas Shaw is on Bloomberg This Weekend examining Paramount Skydance’s acquisition of Warner Bros. Discovery and the challenge of turning two legacy media companies into a growing business as cable declines and streaming growth slows. Speaking with Lisa Mateo, Shaw says the merger could reshape Hollywood while raising questions about debt, further consolidation and whether streaming companies such as Netflix need new sources of growth. (Source: Bloomberg)

Bloomberg News Washington breaking news Editor Bryan Pietsch is on Bloomberg This Weekend discussing uncertainty surrounding the Kennedy Center’s renovation, possible demolition and the displacement of major performing arts groups. He tells hosts David Gura and Christina Ruffini that musicians and other performers are continuing at venues across the Washington region as legal disputes complicate plans for the center. (Source: Bloomberg)

Bloomberg White House correspondent and national security editor Michelle Jamrisko is on Bloomberg This Weekend discussing renewed US-Iran diplomacy after indirect talks in New York failed to overcome disagreements over sanctions, the US blockade and the Strait of Hormuz. Speaking with hosts David Gura and Christina Ruffini, Jamrisko says the two sides remain on different timelines and also examines questions surrounding Taiwan after President Donald Trump’s meeting with Chinese President Xi Jinping. (Source: Bloomberg)

Wild gyrations in individual stocks on a punchy cocktail of AI euphoria and fear, a tumbling bond market and geopolitical drama bode well for a long-favored trade among hedge fund managers.

Renaissance Macro Research economist Neil Dutta tells Bloomberg This Weekend that the US labor market has stabilized while persistent inflation could force the Federal Reserve to raise interest rates at a faster pace than investors currently expect. Speaking with hosts David Gura and Christina Ruffini, Dutta says rising food and energy costs risk pushing inflation expectations higher and argues inflation remains the more pressing side of the Fed’s dual mandate. (Source: Bloomberg)

New York Times finance reporter Maureen Farrell tells Bloomberg This Weekend that Wall Street is growing more skeptical of the AI data center boom as rising interest rates, local opposition and permitting delays add uncertainty and costs to projects. Speaking with hosts David Gura and Christina Ruffini, Farrell says trillions of dollars in financing may require tapping public markets, but investor resistance is making planned data center IPOs harder and potentially more expensive to complete. (Source: Bloomberg)

Artificial intelligence could wipe us all out. Or it might just kill our unwanted subscriptions.

Bloomberg News Meteorologist Craig Allen tells Bloomberg This Weekend that the slow-moving nor’easter is weakening but will continue bringing rain and flooding risks to parts of the Northeast after strong winds and coastal flooding battered the region. Speaking with hosts David Gura and Christina Ruffini, Allen says New York through Boston has borne the brunt of the storm, with additional rain possible even as the strongest winds subside. (Source: Bloomberg)

Baltimore Orioles owner, Carlyle Group co-founder and host of Bloomberg's Peer to Peer Conversations David Rubenstein tells David Gura that he bought his hometown team in part to help revitalize Baltimore and says sports owners tend to prioritize winning over operating profits. Rubenstein also discusses soaring franchise valuations and his new book, Inside the Owner’s Box, which examines the business and leadership of professional sports ownership. (Source: Bloomberg)

IAEA Director General Rafael Mariano Grossi sat down with David Gura and said that Iran retains a significant amount of uranium enriched to 60%, while inspectors have lost access needed to verify the status of nuclear material and facilities damaged by military strikes. Grossi also says inspections could resume quickly if there is political will for a new agreement, while also discussing his campaign to become the next UN secretary-general. (Source: Bloomberg)