Dan Schwartzman

Elevated oil prices from the Iran war are raising fears of stagflation in the market, but White House economic advisor Kevin Hassett says he still sees the economy growing by 4 to 5 percent this year thanks to deregulation and tax cuts.

White House economic advisor Kevin Hassett making the comments on Fox Business.

Oil recovered, gaining about 5% after its biggest one-day drop since April of 2020, with West Texas Intermediate trading at just over $98 a barrel.

Intel with some big news.

As a chipmaker says, Google has committed to using future generations of its Xeon processors and other chips.

As part of the agreement, the search engine giant will customize Intel's IPUS, or Infrastructure Processing Units.

Intel shares rose by close to 5% on the day.

The Justice Department has opened an investigation into the NFL for alleged anti-competitive practices harmful to consumers.

That's according to the Wall Street Journal.

A bipartisan group of congressmen have written to the Department of Justice and the Federal Communications Commission detailing the high costs consumers pay due to the league's deals with cable channels and streaming services.

The NFL has historically been protected from some antitrust regulations by the Sports Broadcasting Act of 1961.

The NFL says it has always put fans, quote, front and center, as well as its model being the, quote, most fan and broadcaster friendly.

The first round of the Masters continues from Augusta National in Georgia, as Sam Burns and defending champion Rory McIlroy are atop the leaderboard at 5-under.

Behind them are Jason Day, Patrick Reed, Justin Rose, and Kirk Kitayama, all at 3-under.

That's news when you want it with Bloomberg News Now.

I'm Dan Schwartzman, and this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Dan Schwartzman.

We check markets all day long here at Bloomberg.

More gains today on Wall Street.