Big Tech Earnings; No Letup of US Naval Blockade; Fed Decision | Bloomberg Brief 4/29/2026

Summary

The episode covers the U.S. naval blockade of Iranian ports, keeping oil prices elevated near $120 Brent, and the market's anticipation of the FOMC decision likely to be Jerome Powell's last as chair. It also highlights the busiest day of earnings season with mega-cap tech companies reporting after the close. Analyst Mandeep Singh discusses Alphabet's differentiated position and expects a beat and raise.

• U.S. signals extended naval blockade of Iranian ports, pushing oil prices higher.
• Markets await FOMC rate decision, likely Powell's last as chair.
• Mega-cap tech earnings with over $14 trillion market cap report after close.
• Mandeep Singh highlights Alphabet's TPU and vertical integration, expects beat and raise.
• Brent crude near $120, WTI above $100 per barrel.
• Fed expected to hold rates; focus on leadership transition to Kevin Warh.
• UBS and Deutsche Bank earnings discussed with cloud of capital rules.
• Starbucks and Seagate premarket movers on positive results.