Bloomberg Television

Gulf States Deepen Military Coordination as Iran Diplomacy Faces Hormuz Risks

Steve Witkoff, Jared Kushner, Tim Clark, Haig Bathgate, Thomas Pramotedham, Alparslan Bayraktar, Apeer Abou-Ammar, Winnie Su, Anthony Stevens, Stuart Livingstone-Wallace, Greg Sullivan, John Herskovitz

With a potential $1.4 trillion IPO looming for Anthropic and TSMC injecting $1 billion into key AI competitors like OpenAI, the artificial intelligence sector is driving record market valuations despite a federal holiday closing U.S. Treasury markets. Simultaneously, hotter-than-expected inflation has sparked aggressive expectations for a December Federal Reserve rate hike, while geopolitical tensions in the Strait of Hormuz stabilized enough to push Brent crude back to $92 per barrel. In the corporate arena, earnings from CoreWeave and Precite AI bolstered confidence in the cloud and intelligence industries even as NVIDIA launched an internal probe into its CEO's conduct and defense Secretary Pete Hegseth narrowly survived an impeachment vote.