Bloomberg Daybreak

A rally in giant technology companies drove stocks higher, overshadowing concerns about still-elevated oil prices and bond yields.

Oil fell as Saudi Arabia cut crude prices for Asian buyers in a sign that physical supplies are becoming more readily available as Middle Eastern exports recover.

Schneider Electric SE is nearing a deal to acquire US-based engineering software developer PTC Inc. for more than $20 billion, according to a source familiar with the matter.

Bloomberg Supreme Court Reporter Greg Stohr is on Bloomberg This Weekend previewing a new term shaped by the court’s growing emergency docket and a major climate case over whether Boulder, Colorado, can pursue state-law claims against oil companies. Speaking with hosts David Gura and Christina Ruffini, Stohr says Justice Samuel Alito’s recusal creates the possibility of a 4-4 split and discusses renewed questions about Supreme Court ethics, potential changes to the court and Alito’s eventual retirement. (Source: Bloomberg)

The news doesn’t stop when markets close. Hosts David Gura, Christina Ruffini and Lisa Mateo bring clarity, context and a bit of humor to the weekend’s biggest headlines, LIVE from New York. Joined by Ambassdor Alexander Yui, Taiwan's Representative to the United States, Kevin Gordon, Schwab, Head of Macro Research & Strategy, Todd Blanche, United States Attorney General (Source: Bloomberg)

Retailers reconsidering self-checkout, a global market for elite British sheepdogs, the proliferation of protein-enhanced foods and fit women want to show off their biceps. Join Lisa Mateo, David Gura and Christina Ruffini for a roundup of headlines you may have missed, but gotta see. (Source: Bloomberg)

Taiwan’s Representative to the US, Alexander Yui, tells Bloomberg This Weekend that Washington has reassured Taipei its Taiwan policy remains unchanged following President Donald Trump’s meeting with Chinese President Xi Jinping, even as a $14 billion US arms package remains stalled. Speaking with hosts David Gura and Christina Ruffini, Yui says Taiwan wants faster weapons deliveries and is deepening its economic relationship with the US through major investments in semiconductors and other industries. (Source: Bloomberg)

America’s college-age population is shrinking, putting pressure on universities with high fixed costs and fewer students to fill their campuses. Schools like Bowling Green State are responding by adding career-focused programs and trying to stand out in a crowded market, while institutions that fail to adapt are facing cuts, closures and economic fallout for the towns that depend on them. (Source: Bloomberg)

With equities, gold and oil struggling to make new highs while Treasury yields surge, Wall Street strategists are focusing on trades that pit one asset class against another.

Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey tells Bloomberg This Weekend that softer September jobs data give the Federal Reserve room to hold rates steady in October, but persistent inflation could still lead policymakers to raise rates again in December and early next year. Speaking with hosts David Gura and Christina Ruffini, Jersey says strong economic growth and loose fiscal policy are also contributing to higher global bond yields, keeping pressure on central banks to restrain inflation. (Source: Bloomberg)

Wall Street’s artificial intelligence fixation is so strong that it’s overwhelming all risks, including soaring interest rates, as investors continue to plow money into the market’s largest technology stocks and push equity indexes toward record highs.

Bloomberg Opinion Columnist Gautam Mukunda tells Bloomberg This Weekend that voluntary safeguards may not be enough to manage AI risks because competitive and financial pressures can push companies to prioritize growth over safety. Speaking with hosts David Gura and Christina Ruffini, Mukunda discusses the White House’s new AI task force, Anthropic’s planned IPO and broader questions about whether increasingly advanced AI systems can be safely governed. (Source: Bloomberg)

Investors are sticking with emerging-market carry trades, even after a rare quarterly loss, betting the strategy will be able to weather Treasury yields at multi-decade highs

Investors are expecting sharp swings in Brazilian markets in the aftermath of Sunday’s elections no matter the outcome, with assets to adjust quickly as the neck-and-neck presidential race prevented traders from taking too strong a view in the lead up to the vote.

Bloomberg Mideast Energy Correspondent Anthony Di Paola tells Bloomberg This Weekend that the G7’s 100 million-barrel emergency release is already pushing fuel prices lower but is likely to provide only temporary relief as refinery constraints and Middle East disruptions keep diesel supplies tight. Speaking with hosts David Gura and Christina Ruffini, Di Paola says China’s oil demand and escalating risks around the Strait of Hormuz and Red Sea will be key factors determining where global energy prices go next. (Source: Bloomberg)

China spent decades building a dominant position across rare-earth mining, processing and magnet manufacturing, leaving the US dependent on a foreign supply chain for materials essential to everything from vehicles and wind turbines to electronics and defense systems. MP Materials is now trying to rebuild that chain domestically, moving from its Mountain Pass mine in California into refining. But catching up will take more than finding minerals: the US still faces higher costs, limited processing capacity, opaque pricing and a Chinese lead that industry experts say took roughly 25 years to build. (Source: Bloomberg)

Traders are on the alert for signs of contagion in Europe’s government bond market after a selloff triggered memories of the region’s debt crisis 15 years ago.

Iraq’s state tanker company arranged a very large crude carrier to transport 2 million barrels beyond the Strait of Hormuz, marking a move toward offering oil outside the Persian Gulf.

Major OPEC+ nations agreed to keep oil production quotas unchanged next month, as conflict in the Middle East continues to shutter swaths of the group’s output.

Ethiopian forces seized control of the airport and other parts of Mekelle, the capital of the northern Tigray region, as leaders of the Tigray People’s Liberation Front retreated from the city, a major turning point in the renewed conflict.