Apple's $2000+ iPhone, Oil Gain Stokes Inflation Fear | Bloomberg Businessweek Daily 9/8/2026

Watch on YouTube ↗  |  September 08, 2026 at 22:20  |  48:56  |  Bloomberg Markets
Speakers
Mia Gindis — Bloomberg News Oil Markets Reporter
Michael McKee — International Economics & Policy Correspondent, Bloomberg
Mark Gurman — Chief Correspondent, Bloomberg News
Matthew Griffin — U.S. Equities Reporter, Bloomberg News
Charlie Pellett — Anchor/Reporter, Bloomberg
Marc Champion — Bloomberg Columnist
Tim Stenovec — Anchor/Co-Host, Bloomberg TV & Radio

Summary

The program covers elevated oil prices and inflation risks as the US-Iran war disrupts Strait of Hormuz flows, with Brent nearing $100. It also previews Apple's first foldable iPhone launch and reviews stock movers including Qualcomm, Boston Scientific, and Constellation Brands. The main market implications are persistent energy supply fears and the pass-through of fuel costs into consumer prices.

  • Brent crude neared $100 a barrel on US-Iran war and Hormuz supply concerns.
  • Mia Gindis says Hormuz crude flows fell from about 20 million to 7-10 million barrels per day.
  • Refinery outages in the Middle East and Russia are keeping refined product prices elevated.
  • Mike McKee says energy will push CPI and PPI higher, and diesel may top $6 a gallon.
  • Mark Gurman previews Apple's foldable iPhone launch at nearly $2,000 and expects strong demand.
  • Matthew Griffin highlights Qualcomm's AWS custom AI chip deal, Boston Scientific's cyberattack guidance miss, and Constellation Brands' weak beer demand.
  • Marc Champion warns Iran nuclear diplomacy is absent and the Strait of Hormuz remains a managed risk.
Ideas
Mia Gindis Bloomberg News Oil Markets Reporter 5:24
Hormuz disruption supports higher crude prices
The oil market is laser focused on the Iran war and the Strait of Hormuz. A hit on Saudi energy facilities, including a 400,000-barrel-a-day refinery, is stoking supply fear, and Hormuz crude flows are believed to have fallen from about 20 million barrels a day before the war to roughly 7-10 million now. With damage to oil infrastructure, the market is worried prices could go even higher.
BNO WTI HIGH
Mia Gindis Bloomberg News Oil Markets Reporter 6:40
Refinery shortages keep product prices high
Refinery capacity is down in the Middle East and Russia, where Ukraine has been hitting Russian refineries, while some US refineries are running at 103% capacity and still cannot close the global distillate gap. The market is seeing very high refined product prices, and there is worry that refined product prices could rise even further from already exorbitant rates.
XLE HIGH
Michael McKee International Economics & Policy Correspondent, Bloomberg 14:12
Diesel heading above six dollars soon
Diesel has risen much faster in recent weeks and is expected to top $6 a gallon very soon, which will be a real burden on transportation, trucking and delivery companies. Energy costs are now starting to work their way into broader product prices, reinforcing the inflation pipeline.
DIESEL MED
Mark Gurman Chief Correspondent, Bloomberg News 29:00
Foldable iPhone launch is bullish Apple
Apple's first foldable iPhone, debuting tomorrow, is nearly $2,000 and will become a status symbol. Apple will sell every unit it can produce, and subscription/leasing programs plus carrier trade-ins will reduce sticker shock. Gurman calls it the most exciting iPhone launch in a decade.
AAPL HIGH
Matthew Griffin U.S. Equities Reporter, Bloomberg News 43:47
Amazon deal validates Qualcomm's data center expansion
Qualcomm signed Amazon as a customer for its data center push, with Qualcomm developing custom AI semiconductors for Amazon Web Services. Amazon also gets the right to buy up to $4 billion of Qualcomm stock. This is a vote of confidence for Qualcomm's effort to expand beyond smartphones into higher-growth areas.
QCOM HIGH
Matthew Griffin U.S. Equities Reporter, Bloomberg News 45:09
Cyberattack causes Boston Scientific guidance miss
Boston Scientific disclosed that a cyberattack disrupted manufacturing and shipments, and now it does not expect to meet net sales or adjusted earnings guidance for the third quarter or the full year. The stock is down sharply and this is another headwind for a company whose shares are already down 53% this year.
BSX HIGH
Matthew Griffin U.S. Equities Reporter, Bloomberg News 46:20
Higher fuel prices pressure Constellation beer sales
Constellation Brands, which distributes Corona and Modelo in the US, said August sales were lackluster and the World Cup period was not enough to offset weak take-home demand. Consumers are under pressure from higher gas and diesel prices, adding to persistent alcohol demand weakness.
STZ MED
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This Bloomberg Markets video, published September 08, 2026, features Mia Gindis, Michael McKee, Mark Gurman, Matthew Griffin discussing BNO, WTI, XLE, DIESEL, AAPL, QCOM, BSX, STZ. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mia Gindis, Michael McKee, Mark Gurman, Matthew Griffin  · Tickers: BNO, WTI, XLE, DIESEL, AAPL, QCOM, BSX, STZ