Ed Ludlow

And again, it's based on leverage.

But let's talk about the leverage that US Defense Secretary Pete Hegseth has at the moment, delivering a briefing this morning on the situation in the Middle East, saying military operations in Iran will accelerate.

Bloomberg's Tyler Kendall is at the White House with the latest.

And he made reference to the Iraq war there by saying this is not mission accomplished.

But where are we in terms of the clash with Iran?

Lots of headlines on the Bloomberg terminal constantly about what's happening in Iran.

Buried also in the news cycle is the latest on tariffs.

What do we need to know, Tyler?

Bloomberg's Tyler Kendall.

Thank you very much.

Let's get the latest on markets, technology markets and sentiment with Todd Ulstein, Panasas Investment CEO and Portfolio Manager.

I'm just looking down on my Bloomberg.

You know, the Nasdaq 100 is now modestly higher on the week.

Things change very quickly.

How much of a shock, particularly to the technology sector and the view of the technology sector, has the war in Iran been?

Well, you know, it's a great question.

Great to be here today.

And I think when you think long-term, when the S&P 500 was down 24 basis points coming into today, year to date.

So I think this is really, when you talk AI, this is a generational investment where the demand for compute as the economy goes agentic, it's just a very durable growth that the war is clearly from a human standpoint,

We hope and pray for a de-escalation, but I think the overarching investment wave is just going to be very large over the next several years, and that's going to be a durable trend to invest behind despite some of the headlines and supply shocks we're seeing today.