Iran War: Trump Rejects Hormuz Tolls | Daybreak Europe 05/22/2026

Summary

Bloomberg Daybreak Europe covers market optimism for an Iran war deal, with tech stocks and AI trade leading gains. Political turmoil in Turkey after a court ousts the main opposition leader triggers market intervention. Kevin Warsh is set to become Fed chair amid rising Treasury yields. Guests discuss economic impact, monetary policy, and cyber threats.

• Stocks gain on optimism for a U.S.-Iran deal, but the Strait of Hormuz remains closed and toll disputes persist.
• Tech stocks, especially AI-related names, drive the market rally, with Anthropic's revenue estimates cited as a catalyst.
• Turkey's main opposition leader is removed by a court, causing a 6% stock drop and $6 billion in state intervention to defend the lira.
• Kevin Warsh is to be sworn in as Fed Chair, with markets pricing a potential rate hike later in the year.
• Eurozone growth forecasts are halved under a high-energy-price scenario, though baseline assumes resilience.
• UK Chancellor announces cost-of-living measures, but economists see them as marginal; Bank of England viewed as likely on hold.
• IMF's Tobias Adrian warns of accelerating cyber threats from AI and calls for global coordination.
• SpaceX delays a Starship test amid its IPO filing; luxury watchmaker Richemont reports mixed earnings.