Trump Calls of Iran Strike, SpaceX Set to IPO | Bloomberg Businessweek Daily 6/11/2026

Watch on YouTube ↗  |  June 11, 2026 at 22:42  |  48:50  |  Bloomberg Markets
Speakers
Danielle DiMartino Booth — CEO, QI Research
Stephen Carroll — Co-Host, Bloomberg Daybreak Europe
Avalon Purnell — Bloomberg News Equities Reporter
Carol Massar — Anchor, Bloomberg

Summary

On June 11, 2026, Trump cancels planned strikes on Iran and signals a peace deal, sparking a stock rally and oil selloff. Inflation data rises, while the ECB hikes rates for the first time in three years. SpaceX prepares for a record-breaking IPO. Europe shows early signs of structural reform and integration. The World Cup kicks off in Mexico City, and the Knicks' comeback puts them one win away from a championship.

  • President Trump cancels night strikes on Iran, says deal signing is close; stocks surge and oil drops.
  • Iranian media denies any agreement, adding uncertainty.
  • US inflation (CPI/PPI) rises to a three-year high, increasing pressure on the Fed before its FOMC meeting.
  • ECB raises rates for the first time in nearly three years; Lagarde warns inflation broadening beyond energy.
  • SpaceX IPO may be the largest ever, with over $100 billion in retail orders ahead of pricing.
  • Danielle DiMartino Booth warns of late-cycle signals: aggressive IPOs, bankruptcies, margin squeeze.
  • Stephen Carroll highlights EU structural reforms and M&A in telecom/banking as positive for European equities.
  • World Cup starts amid ticket-price backlash; Knicks make biggest playoff comeback in NBA history.
Ideas
Danielle DiMartino Booth CEO, QI Research 14:40
Cautious on US equities amid late-cycle signals.
Equity markets are showing classic late-cycle warning signs: aggressive IPO and secondary issuance, a surge in bankruptcies, and a margin squeeze as companies cannot pass on rising transport costs. With fundamentals worsening and the market driven by momentum and headline swings reminiscent of 1999-2000, investors should be very cautious about current valuations.
SPY MED
Stephen Carroll Co-Host, Bloomberg Daybreak Europe 23:26
Long European equities on structural reforms and M&A.
The European Union is finally beginning structural reforms, including revised merger rules that are already spurring cross-border deals in telecom and banking, and a commitment by the six largest economies to deepen capital markets even without full 27-member agreement. These small but significant changes suggest European integration and economic convergence could improve, creating upside for European equities.
STOXX Europe 600 MED
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This Bloomberg Markets video, published June 11, 2026, features Danielle DiMartino Booth, Stephen Carroll discussing SPY, STOXX Europe 600. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Danielle DiMartino Booth, Stephen Carroll  · Tickers: SPY, STOXX Europe 600