Oil Falls As More Ships Pass Through Hormuz | Bloomberg Businessweek Daily 6/24/2026

Today, Laura Davison breaks down divides on both sides of the aisle as primary wins from the left puts NYC Mayor Zohran Mamdani back in the spotlight and President Trump leverages power over Senate Republicans to pressure lawmakers into passing a voter ID act. Then, Mike Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, weighs in on market reaction ahead of Micron earnings. Plus, Katie Hubbard, president of US capital markets for Walton Global, discussed the homebuying and homebuilding landscape after President Trump delayed signing a bill that would limit large investment firms from buying up single-family homes. Finally, Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, breaks down the oil market as WTI fell below $70 earlier in the day on ships moving through the Strait of Hormuz. Chapters: 00:00:00 - Bloomberg Businessweek Daily 00:01:33 - Oil Falls as Strait of Hormuz Reopens 00:03:21 - SpaceX Debt Deal and Hertz Warning 00:04:12 - Trump Cancels Housing Bill Signing 00:05:05 - GOP Tensions and Save America Act Fight 00:08:42 - Trump, Mamdani and the Midterm Narrative 00:11:17 - Janus Henderson on Micron, Inflation and Rate 00:15:08 - Why Inflation May Stay Higher for Longer 00:16:56 - Where Investors Are Putting Money Now 00:19:03 - Google AI Talent Exodus and Anthropic 00:22:51 - Housing Market Reality Check 00:23:58 - Homebuilders, Affordability and Land Supply 00:26:35 - Will Trump's Housing Bill Lower Costs? 00:28:02 - Zoning, Regulation and the Real Housing Bottleneck 00:32:02 - Oil Market Update and Strait of Hormuz Risks 00:34:08 - Deep Dive: Global Oil Shipping and Supply Chains 00:37:37 - Has the Strait of Hormuz Changed Forever? 00:39:45 - Gas Prices and Trump's Criticism of Big Oil 00:42:45 - Stocks on the Move: Qualcomm 00:44:46 - Meme Stock Watch: Wendy's 00:45:49 - Hertz Plunges on Profit Warning 00:47:29 - AI Drug Discovery and Hair-Loss Treatments -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts