Trump Addresses UN as Caution Grips Wall Street

AI Summary

President Trump addressed the United Nations amid heightened diplomatic activity. Wall Street showed cautious sentiment as oil supply concerns rise with potential Saudi pipeline resumption, and ongoing geopolitical tensions near the Strait of Hormuz. Investor concerns also persist over AI developments and data center backlash.

Get a jump-start on the US trading day with Dani Burger on "Bloomberg Open Interest." President Trump takes center stage at the United Nations General Assembly as world leaders step up diplomatic efforts. Oil wavers as Saudi Arabia looks to resume flows through a key pipeline, while traders watch for signs of progress toward reopening the Strait of Hormuz. Plus, AI fears linger as chip competition heats up and data-center backlash grows. Principal Global Investors Chief Global Strategist Seema Shah and Goldman Sachs Chief US Equity Strategist Ben Snider weigh in as caution grips Wall Street following a rally that pushed stocks near all-time highs. (Source: Bloomberg)