Stocks Open Higher, Amazon Sinks on AI Spend, Iran-US Talk, More
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What are the current trends in the stock market?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Nathan Hager. We have made it to the end of quite a hectic week on Wall Street. That is the sound of the opening bell from the floor of the New York Stock Exchange.
How is Amazon's AI spending affecting its stock price?
And investors are hoping to end the week with some gains at the open. The S&P 500 is higher by almost a half percent, a gain of about 30 points. The Dow Jones Industrial Average is in the green by two-thirds of 1%, a gain of more than 310 points. And the Nasdaq Composite is higher as well, up four-tenths of 1%, or 80 points. The 10-year Treasury yield up about a basis point to 4.19%. So a bounce back from a three-day tech-led sell-off in stocks.
What insights does Parmi Olson provide about tech companies' identity shifts?
But Amazon is lower by more than 8% at the open. The e-commerce giant is planning to spend $200 billion on its AI build-out this year, bringing the total for just four companies, Amazon, Microsoft, Alphabet, and Meta Platforms, to $650 billion. Parmi Olson is a tech columnist for Bloomberg Opinion.
really intrigues me about this is this kind of almost an identity shift for these companies. Because if you think about why they're so valuable in the first place, it's that they're asset light, right?
What are the latest developments in US-Iran relations?
Like they have a lot of staff and they maybe have some data centers, but then they build this incredibly valuable software and they have incredible margins. Now they're becoming these kind of capital intensive infrastructure operators. They're almost like telecoms now.
You can hear my full conversation with Parmi Olson of Bloomberg Opinion on the Bloomberg Daybreak U.S. edition podcast. Indirect talks between the U.S. and Iran have ended in Oman. This was a bid to dial down tensions that have threatened to escalate into war. Bloomberg's Kasia Klimashinska is following from Washington.
Oman met with the U.S.
How is President Trump's social media activity impacting public perception?
delegation led by Steve Witkoff. and then separately with representatives from Iran. But Iran also said before those talks even started that it won't be a major step, that those will be just some sort of broad talks.
Bloomberg's Kasia Klimashinska in the nation's capital. Iran's foreign minister says today's talks were a good start. He says both the U.S. and Iran will decide on a way forward after consultations with their capitals. The New York Times says it has analyzed satellite images that show Iran appears to have made rapid progress repairing its ballistic missile facilities after last year's U.S. attacks, but it says it has only made limited fixes to the nuclear sites that were damaged by the U.S. and Israel last year.
What new initiatives are being introduced for prescription drug pricing?
President Trump's social media feed is getting even more attention. The president reposted a video last night that briefly portrayed former President Barack and ex-First Lady Michelle Obama as apes. The minute-long video about 2020 election conspiracies depicted other Democrats as jungle animals. Democratic California Governor Gavin Newsom says the post is disgusting behavior by the president. White House spokeswoman Caroline Leavitt is calling that fake outrage. Last night, President Trump was looking to take on Americans' cost of living concerns through a new website.
Starting tonight, dozens of the most commonly used prescription drugs will be available at dramatic discounts for all consumers throughout the world. a new website. It's called TrumpRx.gov.
And we get more on the effort from Bloomberg Government's Maeve Sheehy.
What are the implications of the recent elections in New Jersey?
This is something that we've heard the Trump administration kind of toy with and talk about for a little while. If you go to this website, they have more than 40 medicines available. These include major weight loss drugs like Ozempic and Wagovi, and they're available for just... cut prices, basically.
Former government's Maeve Sheehy says it remains to be seen whether more Americans will shop for medications through the site rather than through their insurance companies.
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Chapters
7 chapters
1
What are the current trends in the stock market?
0:00–0:42
2
How is Amazon's AI spending affecting its stock price?
0:42–1:09
3
What insights does Parmi Olson provide about tech companies' identity shifts?
1:09–1:39
4
What are the latest developments in US-Iran relations?
1:39–2:13
5
How is President Trump's social media activity impacting public perception?
2:13–2:57
6
What new initiatives are being introduced for prescription drug pricing?
2:57–3:46
7
What are the implications of the recent elections in New Jersey?
3:46–7:38
Speakers
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