US equity futures pointed to further gains after Asian shares hit a fresh record on optimism around the artificial intelligence trade and stronger-than-expected earnings from megacap tech companies. The yen briefly spiked higher as traders remained on edge over possible intervention by the Bank of Japan.
Brent crude whipsawed, initially dropping 2.4%, then reversing those losses to trade above $108 a barrel. The fluctuations came after President Donald Trump said the US would begin guiding ships not involved in the Iran conflict through the Strait of Hormuz from Monday. The announcement left shipping executives perplexed, as attacks continue and traffic remains at a near standstill.
Chapters:
00:00:00 – The Opening Trade – 5/4/2026
00:01:34 – Oil Fluctuates on Hormuz
00:03:29 – AI Chipmakers Power Asia Stock Rally
00:06:19 – EU Leaders Gather
00:13:28 – US To Help Ships Through Hormuz
00:16:56 – Julius Baer Portfolio Manager Tom Watts
00:25:04 – Exclusive: Greek Finance Minister Kyriakos Pierrakakis
00:38:11 – Markets in 3 Minutes
00:41:49 – Stocks To Watch
00:47:24 – The Market Open
00:50:01 – Dan Scott, Vontobel Asset MGMT CIO
00:59:49 – Core 6 & Early Morning Movers
01:03:17 – Trump Vows 25% Tariff on EU Autos
01:06:14 – Nvidia’s Push into Physical AI Sparks Rally
01:14:24 – EU Finance Ministers To Meet
01:18:08 – Trump Casts Doubts on Iran Peace Proposal
01:27:47 – Spirit Airlines Cancels All Flights
01:31:10 – The Week Ahead
01:31:53 – Asia Hits Record on AI Trade
——–
More on Bloomberg Television and Markets
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