The Rundown

Oil spikes past $100 as Mideast shipping disruptions shake markets. A major drugmaker warns about contaminated copycat weight-loss treatments and regulatory fights around compounded medicines heat up. Big private credit firms impose withdrawal limits amid rising redemption pressure and risky loans. A dating app unveils an AI matchmaker and a Hollywood AI startup lands a nine-figure buyout.

Markets swing on a deleted government tweet that sent oil prices reeling. Inflation data for February lands at 2.4% amid talk that the number may already miss recent price moves. Oracle rallies after a huge AI cloud revenue beat and guidance bump. Nvidia drops a $2B investment into Nebius, fueling a race for GPU access. AeroVironment stumbles on weaker sales, and Meta buys a robot-focused social network.

Markets roared back after wild intraday swings sparked by an oil spike that quickly reversed. Coverage of a major antitrust settlement reshaping the live events landscape. Tech and auto moves include Rivian’s upgraded R2 buzz and Zoox expanding robotaxi tests. Retail troubles highlighted by Kohl’s ongoing sales slump.

Markets react to oil surging past $100 a barrel and the supply shocks behind the move. A surprising legal truce leads to a commercial deal over weight-loss drugs. Big tech pares back a major data center expansion. New names join the S&P 500 and travel stocks wobble amid higher fuel costs. Plus a notable Pixar box office win.

Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence with decades in commodity markets. He breaks down the Strait of Hormuz oil shock and its spike above $90. He discusses how oil swings could ripple into inflation, consumer spending, and stocks. He also covers commodity volatility, U.S. supply dynamics, and why these shocks might presage a major market correction.

A focused look at why the Strait of Hormuz matters for global energy flows and which countries depend on it. Discussion of recent attacks, GPS jamming, and why tankers are rerouting or avoiding the passage. Analysis of pipeline limits and why alternatives only replace a fraction of shipments. Breakdown of market reactions, worst-case oil price scenarios, and which regions would feel the biggest pain.

Markets slide as oil spikes nearly 10% amid Strait of Hormuz disruptions. A surprise jobs report shows a loss of 92,000 positions and unemployment rising to 4.4%. Corporate news includes Costco’s strong quarter and legal twist, Marvell’s AI networking boom, and Gap’s athleisure sales slump. Microsoft teases a new gaming console called Project Helix.

Markets and crypto make a surprise bounce. Tariffs jump to 15% and firms warn of big costs. Broadcom reports AI sales doubling. Nvidia pauses H200 shipments to China amid regulatory hurdles. OpenAI explores ad partnerships. Apple debuts a $600 MacBook Neo.

Markets briefly sell off then rebound as investors buy the dip amid Middle East tensions and oil risk. Trump announces Strait of Hormuz measures and potential economic fallout gets discussed. Bank of America gives a bullish take on Tesla and its camera-only robo-taxi strategy. OpenAI moves toward defense and NATO work. Ross posts upbeat holiday results while GitLab warns of slowing growth.

Markets react to Strait of Hormuz disruptions as oil and gas surge. Retailers make waves with Target forecasting its first sales growth in three years and Best Buy leaning on ad and marketplace strength. Apple rolls out a major product wave. Activist investment lifts Pinterest while On Holding trims its growth outlook. A surprising stat about reading habits closes the show.