US Retail Gasoline Hits Four-Year High; Yen Gains | Bloomberg Brief 09/03/2026

US equity futures waver and a global bond rout eases as higher yields attract investors. The yen strengthens as traders weigh intervention risks, while the BOJ is said to favor raising rates by a quarter point this month. President Trump says the latest strikes on Iran. US diesel prices hit a four-year high. Broadcom slips after the chipmaker’s results and short-term forecast failed to meet lofty expectations, despite predicting a boom in AI chips over the next two years. Seema Shah of Principal Asset Management joins "Bloomberg Brief" to discuss the implications of elevated yields on stocks.

Chapters:
00:00:00 - Bloomberg Brief Begins
00:00:18 - Top Stories & Headlines
00:00:50 - Global Market Check: Yen Surges as BOJ Leans Toward Rate Hike
00:02:13 - European Markets, Bond Yields & Swiss Economy
00:05:31 - What's Driving the Yen's Dramatic Strengthening, Dutch Central Bank Moves Gold From the US
00:09:14 - Iran Strikes US Bases as Middle East Tensions Escalate, China Pushes for a New Middle East Security Order
00:12:17 - Global Fuel Supply Strains Send Diesel Prices Higher, China's Role in Shifting Global Oil Flows
00:17:19 - Broadcom's AI Chip Boom Meets Short-Term Bottlenecks, Snowflake Sees Surge in Enterprise AI Adoption
00:20:00 - Front Page News
00:21:26 - Market Update: Stocks, Oil, Yields & the Yen
00:24:10 - Seema Shah, Principal Asset Management Chief Global Strategist, on AI Spending & Rising Bond Yields, Midterms, Market Volatility
00:33:47 - Trending on the Terminal
00:35:23 - Trump, Iran and Extended US Middle East Deployments, Xi Jinping Challenges US Influence in the Middle East
00:37:55 - Trump Administration and Birthright Citizenship
00:38:50 - Broadcom's Long-Term AI Chip Growth Outlook, Snowflake, Databricks and the Enterprise AI Race, ByteDance Raises Billions for AI Expansion
00:42:35 - What to Watch