Bloomberg Daybreak: US Edition

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said his tentative ceasefire with Iran is done, raising the prospect of a renewed military conflict between the two countries. Trump's remarks came after the US launched a new wave of strikes against Iran and revoked a waiver that allowed the sale of Iranian oil, in response to recent attacks on ships transiting the Strait of Hormuz. The developments marked the most serious threat to the interim peace deal, with the US blaming Iran for the attacks on shipping, and Tehran saying the military strikes and waiver revocation violated the agreement between the two countries.
2) New York City officials were racing to stabilize a high-rise building in Manhattan after cracks developed in multiple columns and floors began to sag. The building remains unstable, according to Mayor Zohran Mamdani, who said this is an extremely serious situation. A team entered the structure and determined that contractors can move forward with the installation of temporary shoring to stabilize the building, according to city officials.
3) Nvidia's stock is the cheapest it's been since before the AI boom, after losing roughly $1 trillion in market value in less than two months. The chipmaker's stock has tumbled 16% since hitting an all-time high on May 14, as investors favor competing semiconductor manufacturers, particularly those in the memory market. Nvidia is expected to deliver the fourth-fastest revenue growth in the S&P 500 this year, but its shares are still cheaper than about half of the stocks in the index, including Hershey and Dominion Energy.
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) NATO allies unveiled billions in defense industry deals to buy next-generation drones and surveillance planes as allies attempt to convince President Trump that Europe is heeding his spending demands ahead of the NATO Summit. Eleven countries will buy airborne radar-detection systems from Swedish aerospace firm Saab AB, replacing a US-made Boeing Co model, in a deal worth $5 billion. Allies will invest more than $40 billion in counter-drone capabilities over the next five years, according to NATO Secretary General Mark Rutte.
2) Maine Democrat Graham Platner is under pressure to end his bid for a US Senate seat following a sexual assault allegation he has denied. Senate Democratic leader Chuck Schumer and Senator Kirsten Gillibrand called on Platner to step aside and vowed to cut off the party's funding for him if he stays on the ballot. Several Democrats, including Senator Elizabeth Warren and Representative Ro Khanna, have withdrawn their endorsements of Platner and urged him to leave the race, citing the "troubling and deeply serious" allegations against him.
3) Team USA’s run in the World Cup came to an end as it failed to make the quarterfinals, losing 4-1 to Belgium. Outrage over FIFA’s decision to allow striker Folarin Balogun to play continued to simmer after the organization reversed his one-game ban. The reversal sparked outrage across the world, with UEFA calling it “incomprehensible and unjustifiable” and accusing FIFA of crossing “a red line."
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump will meet with Ukrainian President Volodymyr Zelenskyy at a NATO summit in Turkey on Wednesday that will be charged with tension over the US leader’s views on Greenland, European defense spending and the Iran war. Trump arrives in Turkey on Tuesday, when he will meet with President Recep Tayyip Erdogan before a summit with the full defense alliance the next day, White House spokesperson Anna Kelly said. Meantime, Ukraine failed to intercept a single Russian ballistic missile in a deadly overnight attack on the eve of the NATO summit, highlighting Kyiv’s growing vulnerability as shortages of US-made Patriot air defenses become acute and peace talks remain stalled. Eleven people were killed and 60 injured in the overnight strikes on Kyiv that caused destruction in several districts of the city, damaging multiple residential buildings, Zelenskyy said Monday on X.
2) Oil fluctuated in a narrow range, as flows through the Strait of Hormuz persisted and OPEC+ signaled higher supplies. Brent traded above $72 a barrel, while West Texas Intermediate was near $69. Oil and gas shipping along a US-protected corridor in the waterway showed signs of recovering Sunday, a day after several vessels had performed unexplained U-turns and detours in the energy chokepoint. Separately, OPEC+ members backed another modest rise in quotas for next month, with seven nations led by Saudi Arabia and Russia agreeing to add 188,000 barrels a day in a further roll-back of curbs made several years ago.
3) US futures signaled a mild rebound in technology stocks at the start of a week in which South Korea’s memory giants will put the artificial-intelligence trade to yet another test. Nasdaq 100 contracts climbed 1% after the US holiday break. The Stoxx 600 hovered near a record high. Asian stocks fluctuated, with Samsung Electronics Co.’s 164% year-to-date rally set to face the spotlight when the chipmaker releases earnings for the June quarter on Tuesday. The report will be followed days later by peer SK Hynix Inc.’s massive ADR listing.
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – we look at the potential impact of AI on the labor market
In the UK – we preview the upcoming NATO summit in Turkey
In Asia – we discuss inflation in China ahead of new economic data
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Bloomberg’s Nathan Hager looks at 2026's biggest tech stories...so far...and what we can expect for the rest of the year. He speaks with Gene Munster of Deepwater Asset Management and former Wedbush head of Global Tech, Dan Ives.
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