Trump: There May Be Other Media Outlet Bans To Follow

Watch on YouTube ↗  |  September 18, 2026 at 23:32  |  47:42  |  Bloomberg Markets
Speakers
Tom Kloza — Chief Energy Advisor, Gulf Oil
Kęstutis Budrys — Lithuanian Foreign Minister
Norah Mulinda — Market Reporter, Bloomberg
Gregory Allen — Director, Wadhwani Center for AI and Advanced Technologies, CSIS
Joe Mathieu — Host, Bloomberg Radio
Rick Davis — Republican Strategist, Partner at Stonecourt Capital
Jeff Mason — White House Correspondent

Summary

The program covered President Trump's move to bar several news outlets from the White House, market moves including a narrow chip-led tape and bitcoin above $80,000, and record diesel and heating oil costs. Tom Kloza argued diesel and refined-product supply are the key energy risks, with potential policy intervention as a wildcard. Lithuanian Foreign Minister Kęstutis Budrys discussed critical minerals, Russian drone incursions, and NATO defense spending, while Greg Allen warned about AI safety risks and the U.S.-China AI race. The show also covered the Russia sanctions bill and a reported U.S.-Denmark Greenland security agreement.

  • Trump moved to ban CNN, MS NOW, and Politico from the White House; enforcement and legal challenges are uncertain.
  • Markets saw chip gains but narrow breadth, bitcoin above $80,000, 10-year Treasury yields near 5%, and Brent crude around $103.
  • Tom Kloza said diesel and heating oil are key energy products to watch due to tight global refining capacity.
  • Kloza flagged a diesel export ban or windfall profits tax as a potential bearish catalyst for refined products.
  • Lithuanian Foreign Minister Kęstutis Budrys discussed critical mineral supply-chain diversification and NATO/Lithuania defense spending.
  • Greg Allen warned that AI safety risks are serious and model releases are outpacing safety controls.
  • The U.S. signed a Russia sanctions bill, and Trump announced an apparent Greenland security agreement with Denmark.
  • Panelists debated press freedom, Russia sanctions authority, and media access.
Ideas
Tom Kloza Chief Energy Advisor, Gulf Oil 9:54
Diesel supply tight; prices can rise
Diesel is the refined product to watch, not crude. Prices can go higher, though a near-term rest is possible, because U.S. refineries are running full out while the rest of the world has about 7 million barrels a day of refining capacity offline, mostly due to drone attacks. Diesel is already at a record $6.47 and is raising transport costs; additional refinery damage from Houthis or Iranians would hit diesel and crude, while demand destruction and an economic slowdown are the main downside risks.
HO=F HIGH
Tom Kloza Chief Energy Advisor, Gulf Oil 12:52
Export ban could flush refined products
A diesel export ban or windfall profits tax would be a nuclear option that could flush speculative hot money out of heating oil, diesel, and gasoline markets, creating downside relief in refined product prices. The president has successfully used verbal intervention to depress crude but has not yet done so for refined products.
UGA MED
Kęstutis Budrys Lithuanian Foreign Minister 17:04
Critical mineral supply chains need diversification
China's export controls on critical minerals have mobilized Western economies, and the U.S.-led commitment to diversify critical mineral supply chains creates an opportunity. Lithuania wants to be part of these supply chains, including as a location for processing, recycling, stockpiling, and logistics, and is waiting for an MOU with the U.S.
REMX MED
Kęstutis Budrys Lithuanian Foreign Minister 21:57
NATO defense spending keeps rising
Lithuania and NATO allies are increasing defense spending and readiness to deter Russia. Lithuania is already spending 4.5% of GDP on defense this year, aims to reach 5%, is building a strong division with allies, and is increasing air defense after repeated Russian drone and missile incursions, supporting the European defense spending theme.
European Defense MED
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This Bloomberg Markets video, published September 18, 2026, features Tom Kloza, Kęstutis Budrys discussing HO=F, UGA, REMX, European Defense. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Tom Kloza, Kęstutis Budrys  · Tickers: HO=F, UGA, REMX, European Defense