Stocks Drop, Oil Jumps After Trump Says Ceasefire with Iran Is "Over" | Bloomberg Brief 07/08/2026
US equity futures slump and oil extends gains as President Trump says a tentative ceasefire with Iran is over. The US had struck 80 sites
US equity futures slump and oil extends gains as President Trump says a tentative ceasefire with Iran is over. The US had struck 80 sites in Iran ahead of the president's remarks at the NATO Summit in Ankara, Turkey. Mark McCormick of BMO Capital Markets discusses the impact of fresh geopolitical tensions. 00:00:00 Bloomberg Brief Begins 00:00:39 Opening Headlines: Trump says Iran cease-fire is over 00:02:15 Asian markets slide as Korea enters a bear market 00:03:32 European markets, bonds and Le Pen reaction 00:05:38 NATO leaders face renewed Middle East tensions 00:09:39 Iran's overnight retaliation and Strait of Hormuz risks 00:13:40 Top Stories Trending on Terminal 00:15:01 AI trade rotation: Investors shift from Korea to China 00:17:36 Front Page News: Manhattan tower, Le Pen & UniCredit 00:23:02 First Look Movers: Alibaba, Micron, SanDisk & Navitas 00:24:09 Mark McCormick, BMO Capital Markets Chief FX Strategist 00;33;35 Trump Interview & political implications, Obamacare premiums 00:39:29 AI Rotation Continues: Alibaba and China Tech 00:42:29 What to Watch: FOMC Minutes, Trump & Markets More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance Visit for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on Connect with Bloomberg Business on TikTok Reddit More from Bloomberg Bloomberg Radio Bloomberg Surveillance Bloomberg Politics Bloomberg Originals Watch more on Bloomberg Technology Bloomberg Originals Bloomberg Quicktake Bloomberg Espanol Bloomberg Podcasts
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