Trump: Interim Deal to be Signed in Next 48 Hours | Balance of Power 6/17/2026
Speakers
Romaine Bostick
— Anchor, Bloomberg
Michael McKee
— International Economics & Policy Correspondent, Bloomberg
Tyler Kendall
— Multimedia Editor, Bloomberg
Summary
President Trump announces an interim Iran deal to be signed within 48 hours, while the Fed holds rates in Chair Warsh's first meeting and signals a more hawkish stance. Markets sell off broadly but semiconductor stocks remain resilient, hitting new highs.
- Trump says Iran deal is imminent, promises Strait of Hormuz reopening and oil sales.
- Fed leaves rates unchanged, dot plot shows 9 of 18 members projecting a hike.
- Fed Chair Warsh emphasizes data-dependence and downplays forward guidance.
- S&P 500 drops more than 1%, two-year yield sees biggest jump since April 2025.
- Semiconductor sector bucks the trend, Philadelphia index closes green.
- Western Digital and Applied Materials close at record highs.
- Bipartisan Senate skepticism voiced over Iran deal details.
- AI export controls on Anthropic models discussed at G7.
Ideas
Chip stocks resilient despite broad selloff
Semiconductor stocks showed remarkable strength, closing in the green despite a broad market selloff and a hawkish Fed. Western Digital and Applied Materials hit record highs, indicating that chip stocks remain resilient and have strong momentum.
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This Bloomberg Markets video, published June 17, 2026, features Romaine Bostick discussing SMH, WDC, AMAT. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Romaine Bostick · Tickers: SMH, WDC, AMAT