Oil Dives as Trump Backs Off Iran Threats

<p>Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />-Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses oil falling sharply after President Donald Trump said his team held discussions about ending the conflict with Iran, though Tehran denied any such dialog.<br /><br />- Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech, discusses the Bloomberg Big Take story: &ldquo;Apple&rsquo;s Heir Apparent Ready to Step Into the Spotlight.&rdquo; Story description: John Ternus, the likely successor to Tim Cook as Apple CEO, is a lot like the current boss: a low-key, hardware-focused guy who can keep things chugging along. But as Apple turns 50, its success may rely more on the continued expansion of its software services businesses and how it adapts to artificial intelligence.<br /><br />-Steve Lamar, President and CEO of the American Apparel &amp; Footwear Association, discusses the impact of tariffs. He discusses the industry reaction to the SCOTUS decision on IEEPA. He also talks about how the supply chain crisis caused by the war with Iran is impacting the industry.&nbsp;</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>