China AI Selloff, Wildfire Smoke, Trump's Clash With Iran | Bloomberg This Weekend: July 18, 2026

Summary

The show examines the tech rout triggered by China's Moonshot AI model, which raises doubts about US AI capex. It covers the escalating US-Iran conflict over the Strait of Hormuz and its oil-market implications, with analysts warning about increasing vulnerability. Segments also address US trade policy, wildfire smoke, and lighter topics like the World Cup final.

• China's Moonshot AI K3 model outperforms rivals and sparks a semiconductor sell-off on fears of reduced high-end chip demand.
• US-Iran hostilities intensify with nightly strikes; the Strait of Hormuz blockade continues, threatening oil flows.
• Energy expert Megan Sullivan warns that the oil market's resilience buffers have thinned, heightening the risk of disruptive price spikes.
• USTR Jamieson Greer discusses upcoming 301 tariff investigations, US rare earth developments, and pharmaceutical reshoring commitments.
• Senator Chris Murphy calls the Iran war a foreign policy disaster and expresses alarm over election integrity.
• Canadian wildfire smoke improves ahead of the World Cup final, but Trump threatens tariffs over air pollution.
• University of Chicago Law School limits classroom technology to combat AI-assisted cheating and preserve critical thinking skills.