Iran Ready to Escalate War, Trump at RNC Convention

Watch on YouTube ↗  |  September 10, 2026 at 05:18  |  1:35:23  |  Bloomberg Markets
Speakers
Mark Cranfield — Cross Asset Strategist, Bloomberg
George Boubouras — Managing Director, K2 Asset Management
Chris Wright — US Energy Secretary
Carmeli — Bloomberg Reporter
Christina Woon — Portfolio Manager, Eastspring Investments
Amitabh Chaudhry — CEO, Axis Bank
Anthony Stevens — Bloomberg Market Producer
Brandon Tseng — Co-Founder and President, Shield AI
Ed Ludlow — Co-Host, Bloomberg Technology
Michael Dorrell — Chairman, CEO & Co-founder, Stonepeak

Summary

Bloomberg's Asia Trade covers a Treasury selloff and stronger oil after a disappointing US buyback plan and Iran escalation threats. Interviews include K2's George Boubouras on US equity resilience and yen risks, Stonepeak's Mike Dorrell on data centers, and Eastspring's Christina Woon on selective AI and China positioning. Other topics include Apple's foldable iPhone, Australia's property squeeze, Axis Bank's rupee warning, and Shield AI's defense-tech growth outlook.

  • Treasury selloff pushes 10-year yields to highest since 2023 after buyback plan disappoints and oil surges.
  • Brent crude crosses $100 as Iran signals readiness for more intense war, raising inflation concerns.
  • George Boubouras says US earnings are broadening and remains overweight US equities while seeing yen weakness returning post-BOJ.
  • Christina Woon favors selective AI exposure like testing and bottleneck suppliers and views China financials favorably.
  • US Energy Secretary Chris Wright expects gasoline prices to fall in coming weeks.
  • Australian property stocks face macro pressure from RBA tightening and higher construction costs.
  • Axis Bank CEO expects oil and Gulf uncertainty to keep pressure on the Indian rupee.
  • Shield AI president highlights strong growth in defense AI and autonomous warfare.
Ideas
Mark Cranfield Cross Asset Strategist, Bloomberg 3:12
Treasury yields face upward pressure.
The Treasury selloff is driven by multiple supply-side pressures: the 30-year auction worries, heavy corporate issuance, the underwhelming buyback increase, and the oil-price surge; these are making investors edgy and should keep upward pressure on yields.
U.S. 10-Year Treasury MED
Mark Cranfield Cross Asset Strategist, Bloomberg 3:39
Brent repricing higher on prolonged conflict.
Brent's move back above $100 is a re-rating that traders had not priced; markets had been comfortable with $80-$90 oil, but US-Iran escalation and advisers warning the war could last through Trump's term are injecting anxiety and duration risk into oil.
BNO HIGH
Mark Cranfield Cross Asset Strategist, Bloomberg 5:31
BOJ communication may trigger yen weakness.
The BOJ's 25bp hike is fully priced, so the key risk is communication: a split vote or another neutral Ueda press conference would disappoint yen bulls and open the door for yen bears to return, while a 9-0 vote plus hawkish October guidance would support the yen.
USD/JPY MED
George Boubouras Managing Director, K2 Asset Management 13:46
Overweight US stocks on earnings strength.
U.S. earnings are in their fourth year of double-digit upside, the earnings recovery is broadening to the Russell 2000, and U.S. credit conditions are better than developed-market peers, so he remains overweight U.S. equities even with high real rates as a headwind.
IWM SPY HIGH
Chris Wright US Energy Secretary 30:07
US gasoline prices expected to fall.
U.S. gasoline prices should fall in the coming weeks as the administration expands refining capacity, adjusts regulations, invests in Venezuela and uses waivers; diesel is a bigger challenge, but the gasoline call is explicit.
U.S. gasoline MED
Carmeli Bloomberg Reporter 45:07
Australian property under pressure from rates.
Australia's listed property sector is on pace for its worst underperformance versus global peers since 2010 because RBA rate hikes raise developer borrowing costs, construction inflation and high oil prices lift costs, and housing demand is cooling; the macro setup argues for continued pressure.
Australian property stocks MED
Christina Woon Portfolio Manager, Eastspring Investments 55:51
Buy semiconductor testing and bottleneck suppliers.
Within AI, she favors semiconductor testing names because increasing chip complexity requires more testing, and also likes areas of the AI supply chain where bottlenecks keep pricing firm; these are more selective ways to stay in the AI trade.
semiconductor testing names AI supply chain bottleneck areas MED
Christina Woon Portfolio Manager, Eastspring Investments 56:15
Opticals interesting after correction reset.
Opticals have become more interesting after this year's sharp correction, which reset expectations; she argues the space deserves a look but fundamentals need to keep pace with the story.
SMH LOW
Christina Woon Portfolio Manager, Eastspring Investments 58:20
China financials defensive and attractive yields.
China financials are a good defensive place for Asia portfolios because they have held up well, offer yields, are supported by government policy rhetoric, and stack up well relative to other Asian sectors; both H- and A-share exposures offer different benefits.
FXI MED
Christina Woon Portfolio Manager, Eastspring Investments 60:09
China internet valuations attractive cash flow.
Chinese internet names have been under pressure from positioning and share-placement fears, but valuations are now more attractive, they are cash-generative, and companies have become more transparent about AI investment, giving investors data points to re-engage.
KWEB MED
Amitabh Chaudhry CEO, Axis Bank 70:14
Indian rupee pressured by oil spike.
The Indian rupee is likely to remain under pressure because oil prices are spiking and Gulf uncertainty is continuing; India's oil-price absorption cannot be sustained indefinitely, so the currency strain is not over.
Indian rupee MED
Anthony Stevens Bloomberg Market Producer 76:27
China equity flows favor banks, biotech.
Chinese tech equity fundraising is creating an overhang for software/internet names, while investors are rotating into Chinese banks and biotech, which have seen strong rallies and are supported by this flow rotation.
KBA Chinese biotech MED
Brandon Tseng Co-Founder and President, Shield AI 88:26
Defense AI sector has strong growth.
Autonomous warfare and defense AI are seeing strong demand as militaries react to conflicts in Ukraine and the Gulf; he sees a new age of defense AI prime contractors and anticipates sustained capital raising because growth in the sector eats cash.
ITA MED
Up Next
25:44
White House Crypto Council, Apollo, Tether, Robinhood: What Changes Are Coming to the Crypto Market This Fall? | Seo Dong-ju, Kim Dong-hwan, Kim Jun-woo, Xangle CEO [Crypto PLUS]
3PRO TV (삼프로TV) · Sep 10
6:11:01
[September 26, 10 AM Broadcast Full View] New York Stock Market Continues to Decline Amid Rising Oil Prices and Interest Rates...Semiconductor Stocks "Strong" for Days
3PRO TV (삼프로TV) · Sep 10
27:23
Why SK Hynix Is Stronger Than Samsung Electronics / Foreigners Bet on a Bull Market… Will Today Be “Weak Start, Strong Finish”? | CEO Lee Gwon-hee
815 Money Talk (815머니톡) · Sep 10
32:11
Buyback couldn't even stop it" Bitcoin wobbles at $78,000 amid surging interest rates and oil prices | Seo Dong-ju, Kim Dong-hwan, Park Hyun-young News1 Reporter [Crypto PLUS]
3PRO TV (삼프로TV) · Sep 10
56:48
Semiconductor Index Rebalancing, Market 'Fluctuates' Semiconductors Start Rising? | Park Hyunji, Choi Changgyu, Yeo Doeun, Heo Jaemu [Morning N Investment]
3PRO TV (삼프로TV) · Sep 10

This Bloomberg Markets video, published September 10, 2026, features Mark Cranfield, George Boubouras, Chris Wright, Carmeli, Christina Woon, Amitabh Chaudhry, Anthony Stevens, Brandon Tseng discussing U.S. 10-Year Treasury, BNO, USD/JPY, IWM, SPY, U.S. gasoline, Australian property stocks, semiconductor testing names, AI supply chain bottleneck areas, SMH, FXI, KWEB, Indian rupee, KBA, Chinese biotech, ITA. 13 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mark Cranfield, George Boubouras, Chris Wright, Carmeli, Christina Woon, Amitabh Chaudhry, Anthony Stevens, Brandon Tseng  · Tickers: U.S. 10-Year Treasury, BNO, USD/JPY, IWM, SPY, U.S. gasoline, Australian property stocks, semiconductor testing names, AI supply chain bottleneck areas, SMH, FXI, KWEB, Indian rupee, KBA, Chinese biotech, ITA