The people, companies and trends shaping the global economy.

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

A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil.

Following an earlier slide in the S&P 500 that reached 2.5%, the equity benchmark dropped less than 1%. President Donald Trump said the US will escort and insure tankers and other vessels through the world’s most-critical energy chokepoint. Oil prices waned in post-settlement trading, with Brent trading near $80 a barrel.

The war in the Middle East reverberated across the region, with Israel bombarding Tehran in a fresh wave of strikes. The Islamic Republic fired missiles at Qatar, Bahrain and Oman, with Doha saying targets weren’t limited to military interests. Qatar and Iraq halted production at major energy sites.

With the conflict disrupting shipments, fuel costs have been on the rise. A sustained surge in prices for diesel — used in freight, power and heating — could add to the cost of transportation — a key inflation component. Gasoline has also surged, intensifying those risks.

Today's show features:
Connor Teskey, CEO of Brookfield Asset Management, on the company’s expansion in infrastructure and transition investing
Lynn Martin, President of the New York Stock Exchange, on the IPO pipeline, issuer readiness, and broader market valuation
John Rogers, Founder and CEO of Ariel Investments, on value investing strategies and the debate over US exceptionalism vs. market concentration risk
Alex Rodriguez, Chairman & CEO of A-Rod Corp, on sports as an institutional asset and rising valuations, as well as the latest season of The Deal

The people, companies and trends shaping the global economy.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
A selloff in stocks and bonds was trimmed as assurances on American action to secure shipping lanes through the Strait of Hormuz amid the Iran war pared what had been an over 9% surge in oil.
Following an earlier slide in the S&amp;P 500 that reached 2.5%, the equity benchmark dropped less than 1%. President Donald Trump said the US will escort and insure tankers and other vessels through the world&rsquo;s most-critical energy chokepoint. Oil prices waned in post-settlement trading, with Brent trading near $80 a barrel.
The war in the Middle East reverberated across the region, with Israel bombarding Tehran in a fresh wave of strikes. The Islamic Republic fired missiles at Qatar, Bahrain and Oman, with Doha saying targets weren&rsquo;t limited to military interests. Qatar and Iraq halted production at major energy sites.
With the conflict disrupting shipments, fuel costs have been on the rise. A sustained surge in prices for diesel &mdash; used in freight, power and heating &mdash; could add to the cost of transportation &mdash; a key inflation component. Gasoline has also surged, intensifying those risks.
Today's show features:
<ul>
<li>Connor Teskey, CEO of Brookfield Asset Management, on the company&rsquo;s expansion in infrastructure and transition investing</li>
<li>Lynn Martin, President of the New York Stock Exchange, on the IPO pipeline, issuer readiness, and broader market valuation</li>
<li>John Rogers, Founder and CEO of Ariel Investments, on value investing strategies and the debate over US exceptionalism vs. market concentration risk</li>
<li>Alex Rodriguez, Chairman &amp; CEO of A-Rod Corp, on sports as an institutional asset and rising valuations, as well as the latest season of The Deal</li>
</ul>

Listen for reporting from the magazine that helps global leaders stay ahead. 

Hosts Carol Massar and Tim Stenovec bring you insight on the people, companies and trends shaping today's complex economy.  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 bring you insight on the people, companies and trends shaping today's complex economy.&nbsp; You can watch and listen to Businessweek LIVE on YouTube, weekdays from 2PM to 5PM ET: <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

Stocks Pare Oil-Fueled Rout on Trump’s Assurances

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7cce7c51-8e2d-432d-9d4f-b40201779021/transcript