Episode summary
25 Years Since 9/11, Diesel Above $6 A Gallon | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 21 min
Summary
The program opened with the 25th anniversary of the September 11 attacks, describing remembrance ceremonies in New York, Washington, and Shanksville. The memorial in lower Manhattan added a seventh moment of silence at 12:30 p.m. to honor people whose deaths were linked to toxic exposure after the attacks, underscoring how the health toll continues decades later.
The broadcast then turned to the Middle East, where Gulf states are considering talks with Iran over the Strait of Hormuz as the conflict with Iran-backed Houthis keeps energy markets tight. Diesel prices moved above $6 a gallon for the first time, while the International Energy Agency cut its oil-demand forecast and said the return of a supply surplus may not come until 2027.
That energy shock fed into broader market pressure, with 10-year Treasury yields rising toward 5% as investors demand more compensation for inflation and fiscal risk. Stocks were firmer in early trading, helped by Oracle’s earnings beat and a 121% jump in cloud infrastructure sales to $7.4 billion, while Adobe fell after a softer outlook. The show also covered Microsoft’s plan to more than triple data center capacity and Anthropic’s new safeguards against misuse of its AI models.
Key takeaways
- Diesel rising above $6 a gallon added to inflation concerns and helped push 10-year Treasury yields higher, according to the market strategist interviewed.
- The guest said the bond selloff reflects both surging commodity prices and growing concern that the fiscal situation is not improving.
- Oracle’s cloud infrastructure revenue jumped 121% to $7.4 billion, easing worries about financing and the conversion of backlog into revenue.
- Adobe shares fell after its sales outlook narrowly missed expectations, reinforcing concern that AI startups are pressuring legacy software growth.
- The IEA cut its global oil-demand outlook and said a return to supply surplus may be delayed until 2027.
Notable quotes
“this year, the National September 11th Memorial and Museum is adding a seventh moment of silence at 12:30 p.m”
“More than 8,000 people enrolled in the World Trade Center health program have since died”
“There is supposedly going to be a meeting next week between members of the GCC, that is the Gulf Cooperation Council, effectively the Gulf Arab States and Iran”
“This morning, US diesel costs more than $6 a gallon at the pump for the first time ever”
“Sales in the closely watched cloud infrastructure business jumped 121% to 7.4 billion”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news. — Good morning. I'm Nathan Hager. — And I'm Karen Moscow. Here are the stories we're following today.
Karen, it may be hard to believe, but today marks 25 years since the terrorist attacks of September 11th, 2001. Today will be marked by national remembrance ceremonies in honor of the more than 3,000 people killed that day. Bloomberg's Lisa Matteo has more on today's events in Manhattan.
The first moment of silence comes at 8:46, marking the moment Flight 11 struck the North Tower. After houses of worship will toll their bells throughout the city, and then families of the victims begin reading their names in pairs.
The next moment of silence comes at 9:03 when flight 175 struck the South Tower. At 9:20, we get moments of silence at both the New York Stock Exchange and NASDAQ. Silence happens again at 9:37, the time Flight 77 struck the Pentagon. At 9:59, silence marks the time of the fall of the South Tower. 10:03, we observe silence for the time Flight 93 crashed near Shanksville, Pennsylvania.
There will be another moment of silence at 10:28, the time the North Tower fell in New York. Lisa Matteo, Bloomberg Radio. All right, Lisa, thank you.
Well, this year, the National September 11th Memorial and Museum is adding a seventh moment of silence at 12:30 p.m., honoring thousands whose lives were cut short by illnesses linked to the toxic aftermath of the attacks. The new tribute recognizes first responders, recovery workers, survivors, and lower Manhattan residents exposed to dangerous dust and debris in the days and months after September 11th. More than 8,000 people enrolled in the World Trade Center health program have since died.
And officials say tens of thousands continue to battle 911 related health conditions.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- 9/11 anniversary
- world trade center health program
- strait of hormuz negotiations
- iran-gulf relations
- diesel prices inflation
Companies and tickers mentioned
- NDAQ
- Nasdaq
Watch the episode
Watch “25 Years Since 9/11, Diesel Above $6 A Gallon | Bloomberg Daybreak: US Edition” on YouTube
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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