Bloomberg Markets with Carol Massar and Cory Johnson.

GUESTS:
Dani Burger
Stocks Reporter
Bloomberg News
Discussing her story "For Quants, Megacap Tech Rout Looks Like a Systematic Unwind."

David Wilson
Stocks Editor
Bloomberg News
Discussing his "Stock of the Day"Bluebird Bio (BLUE). Bluebird Bio Inc.'s shares fell for the first time in eight days after a cancer therapy it's pursuing suffered a setback. Novartis AG treatment a study of the treatment for a form of leukemia because it wasn't effective, according to a U.S. government website that tracks drug research. Bluebird Bio is pursuing the therapy to treat a blood cancer, called multiple myeloma. The stock had surged 48 1/2 percent in the previous seven trading days.

Bloomberg Markets with Carol Massar and Cory Johnson.

GUESTS:
Dani Burger
Stocks Reporter
Bloomberg News
Discussing her story "For Quants, Megacap Tech Rout Looks Like a Systematic Unwind."

David Wilson
Stocks Editor
Bloomberg News
Discussing his "Stock of the Day"Bluebird Bio (BLUE). Bluebird Bio Inc.'s shares fell for the first time in eight days after a cancer therapy it's pursuing suffered a setback. Novartis AG treatment a study of the treatment for a form of leukemia because it wasn't effective, according to a U.S. government website that tracks drug research. Bluebird Bio is pursuing the therapy to treat a blood cancer, called multiple myeloma. The stock had surged 48 1/2 percent in the previous seven trading days.

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology. You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: http://bit.ly/3vTiACF. 

Listen for reporting from the magazine that helps global leaders stay ahead. Hosts Carol Massar and Tim Stenovec cover the changing world of money, power and technology.&nbsp;You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET:&nbsp;<a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.&nbsp;

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Bloomberg Markets: Dave Wilson’s Stock of the Day for June 12

Bloomberg Markets: Dave Wilson's Stock of the Day for June 12

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/0c863684-c19d-45a9-b2bd-ae2b00ffd6f0/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

President Trump said US officials had a “very good” meeting with Iranian representatives, a rare direct encounter that offers a fresh opportunity to restart talks to end the nearly seven-month war. Trump didn’t provide details on who participated in the meeting, but referred to his special envoys Steve Witkoff and Jared Kushner, who sat alongside the president. 

The US administration has signaled a renewed effort to end the war in the Middle East, with Trump claiming the conflict will end just after the November US midterm elections, if not before. Earlier on Tuesday in his UN address, Trump threatened to “annihilate” Iran if its officials don’t strike a deal. Meantime, President Trump dismissed calls for an international agreement to put guardrails around the development of artificial intelligence, brushing off concerns about the dangers of frontier models going rogue.

On today's episode:
Tyler Kendall, Bloomberg News Washington Correspondent & Nick Wadhams, Bloomberg News National Security Reporter
Becca Wasser, Defense Lead for Bloomberg Economics
Ellen Wald, Senior Fellow at The Atlantic Council Global Energy Center
Mandeep Singh, Global Head of Technology Research for Bloomberg Intelligence

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a> President Trump said US officials had a &ldquo;very good&rdquo; meeting with Iranian representatives, a rare direct encounter that offers a fresh opportunity to restart talks to end the nearly seven-month war. Trump didn&rsquo;t provide details on who participated in the meeting, but referred to his special envoys Steve Witkoff and Jared Kushner, who sat alongside the president. The US administration has signaled a renewed effort to end the war in the Middle East, with Trump claiming the conflict will end just after the November US midterm elections, if not before. Earlier on Tuesday in his UN address, Trump threatened to &ldquo;annihilate&rdquo; Iran if its officials don&rsquo;t strike a deal. Meantime, President Trump dismissed calls for an international agreement to put guardrails around the development of artificial intelligence, brushing off concerns about the dangers of frontier models going rogue. On today's episode:
<ul>
<li>Tyler Kendall, Bloomberg News Washington Correspondent &amp; Nick Wadhams, Bloomberg News National Security Reporter</li>
<li>Becca Wasser, Defense Lead for Bloomberg Economics</li>
<li>Ellen Wald, Senior Fellow at The Atlantic Council Global Energy Center</li>
<li>Mandeep Singh, Global Head of Technology Research for Bloomberg Intelligence</li>
</ul>

Trump Addresses Iran Meeting, AI Worries at United Nations

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ed3036de-2b00-4066-a0b1-b4cd016b3fc0/transcript

The people, companies and trends shaping the global economy. 

Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF 

CNN, MS Now and Politico filed a lawsuit seeking to allow their journalists to enter the White House grounds days after President Donald Trump revoked their access, turning to the courts in their fight over constitutional protections for the press. The news outlets claim the ban is a “direct assault” on the First Amendment and “a blatant violation of our most fundamental constitutional principles,” according to the complaint filed Monday in federal court in Washington. 

For more, hosts Carol Massar and Tim Stenovec speak with Tim O’Brien, Senior Executive Editor for Bloomberg Opinion.

The people, companies and trends shaping the global economy.&nbsp;
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF&nbsp;
CNN, MS Now and Politico filed a lawsuit seeking to allow their journalists to enter the White House grounds days after President Donald Trump revoked their access, turning to the courts in their fight over constitutional protections for the press. The news outlets claim the ban is a &ldquo;direct assault&rdquo; on the First Amendment and &ldquo;a blatant violation of our most fundamental constitutional principles,&rdquo; according to the complaint filed Monday in federal court in Washington.&nbsp;
For more, hosts Carol Massar and Tim Stenovec speak with Tim O&rsquo;Brien, Senior Executive Editor for Bloomberg Opinion.

Media Outlets Sue Over President Trump's White House Press Ban

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/80738d62-0523-4111-aabd-b4cc017a0214/transcript

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Satellite data showed that Saudi Arabia’s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation’s main Persian Gulf port since June. Meanwhile, US President Donald Trump told Fox News he would “probably” be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. 

Trump will also hold a summit with Chinese President Xi Jinping, and may meet leaders of Persian Gulf nations. Iran’s Islamic Revolutionary Guard Corps, for its part, said it has prepared itself for a protracted war, state media reported.

The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a> Oil fell below $100, heading for its longest run of declines since June, as robust flows through the Strait of Hormuz and diplomacy around the US-Iran war tamed a recent rally. Satellite data showed that Saudi Arabia&rsquo;s observed oil loadings from inside the Persian Gulf jumped over the weekend, with the highest number of ships seen at the nation&rsquo;s main Persian Gulf port since June. Meanwhile, US President Donald Trump told Fox News he would &ldquo;probably&rdquo; be open to meeting his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the UN General Assembly in New York this week. Trump will also hold a summit with Chinese President Xi Jinping, and may meet leaders of Persian Gulf nations. Iran&rsquo;s Islamic Revolutionary Guard Corps, for its part, said it has prepared itself for a protracted war, state media reported.

Oil Drops Ahead of UN Meetings; Networks Sue Over White House Press Ban

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/da0385cf-83f1-4f8e-92b4-b4cc0175e856/transcript

Bloomberg Markets: Dave Wilson's Stock of the Day for June 12

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