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Iran War: The US States Where Gas Prices Are Surging Fastest Under Trump 0 (0)

US President Donald Trump has vowed to maintain a naval blockade on Iran, reiterating that the policy is depriving the Islamic Republic of much-needed oil revenue. West Texas Intermediate, the main US crude marker, rallied toward $111 a barrel on Thursday, while Brent, the global benchmark, topped $126. In a written statement, Iran’s Supreme Leader Mojtaba Khamenei cast doubt on the prospects of a deal with the US, vowing not to give up the Islamic Republic’s nuclear or missile technologies, and signaling Tehran would keep control of the Strait of Hormuz. The American Automobile Association says in California, the average [See More…]

Bloomberg Television News & Politics

Trump Says ‘Incredible’ Hormuz Blockade Is Working 0 (0)

President Donald Trump says Iran’s economy is crashing because of the Strait of Hormuz blockade during remarks to reporters at the White House. ——– 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: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: [See More…]

Bloomberg Television News & Politics

General Motors says higher costs are hitting across the board 0 (0)

General Motors CFO Paul Jacobson says the automaker has not added significant price increases as he discusses first-quarter earnings that included a rise in the company’s profit outlook. Jacobson talks about supply chain challenges related to the Iran war, where inflation is impacting costs, and how customers are reacting to higher gas prices. ——– 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: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: [See More…]

Bloomberg Television News & Politics

Oil to Be ‘Ongoing, Absolute Disaster’ Over Next Two Months, Analyst Sankey Says 0 (0)

“The situation here gets worse, simply because it’s guaranteed,” says Paul Sankey, president at Sankey Research. He explains the tough times ahead for the global oil market over the next two to three months, even if the Strait of Hormuz were to reopen in the next few days. ——– 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: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ [See More…]

Bloomberg Television News & Politics

Trump Pushes for Plan to Save Spirit Airlines 0 (0)

George Ferguson, Bloomberg Intelligence Senior Aerospace, Defense, & Airlines Analyst, breaks down the latest earnings from Boeing and United Airlines. He also reacts to news that the US government is close to a rescue package for Spirit Airlines. The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter. The agreement, which has not yet been finalized, would offer as much as $500 million in financing in exchange for warrants to purchase up [See More…]

CNN Entertainment News News & Politics

Enten breaks down Trump’s dismal ratings as gas prices skyrocket 0 (0)

President Trump’s approval ratings have been negative for 365 days in a row, according to CNN chief data analyst Harry Enten’s aggregate of polls. And what does the current political moment hold for the GOP’s fortunes? Dana Bash’s “Inside Politics” panel breaks down Trump’s political problems. 0:00 Harry Enten runs the numbers on Trump’s net approval ratings 0:46 ‘That’s a big fricking problem!’: Trump is polling even worse with independents 2:08 How have predictions changed for the midterm elections? 2:56 The “Inside Politics” panel assesses Trump’s political problems 4:39 Trump looks to minimize political damage from surging gas prices Watch [See More…]