Oil Prices Spook Investors, Consumers Feel Price Crunch | Bloomberg Businessweek Daily 5/15/2026

ANNOUNCER: THIS IS "BLOOMBERG BUSINESSWEEK DAILY." REPORTING FROM THE MAGAZINE THAT HELPS GLOBAL LEADERS STAY AHEAD WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY, PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. "BLOOMBERG BUSINESSWEEK DAILY" WITH CAROL MASSAR AND TIM STENOVEC, LIVE

ON BLOOMBERG RADIO, TELEVISION, YOUTUBE, AND BLOOMBERG ORIGINALS. CAROL: GOOD AFTERNOON, ACROSS BLOOMBERG PLATFORMS, THIS IS CAROL MASSAR AND TIM STENOVEC AT BLOOMBERG HEADQUARTERS IN NEW YORK CITY. WHAT A WEEK. SO MUCH GOING ON.

AND THEN YOU LOOK AT WHAT IS GOING ON FRIDAY. GLOBAL BOND SELLOFF. YIELDS SEARCHING. RISING OIL PRICES AGAIN SPOOKING INVESTORS. WE HAVE BEEN TALKING ABOUT THIS A LOT BUT WE

DEFINITELY SAW IT PLAY OUT. TIM: IT IS ALMOST LIKE IT IS FINALLY CATCHING UP. HIGH FOR 11 WEEKS. CAROL: NONE OF THIS IS GOING TO GO AWAY ANYTIME SOON.

PEOPLE ARE TALKING ABOUT THE END OF THE YEAR. THEY ARE THINKING ABOUT HIGHER GAS PRICES. TIM: THAT IS JUST PART OF THE BACKDROP. WE HAVE A GREAT ROUNDTABLE. CAROL: LOOKING FORWARD TO THAT COMBINATION.

IT IS A WRAP ON PRESIDENT TRUMP'S VISIT TO BEIJING. WHAT YOU NEED TO KNOW. WE WILL GET INTO HOW ANDY JASSY IS REWRITING AMAZON'S PLAYBOOK. IT IS THE COVER STORY.

TIM: BRAD IS JOINING US, HE LITERALLY WROTE THE BOOKS ON AMAZON. LOOKING FORWARD TO THAT. FOR THE CONSUMER, FOOD COSTS, WINE COSTS, AND WHAT SUMMER PICNICS MIGHT LOOK LIKE AND COST.

CAROL: SHE IS PRESIDENT AT WINE AND SPIRITS AND GETTING READY TO LEAD THE COMPANY INTO THE NEXT GENERATION. LET'S GET YOU GOING WITH A CHECK ON THE TRADE INCLUDING WHAT WE ARE SEEING IN THE TREASURY TRADE IN THE U.S.

CHARLIE: LOTS OF RED ON THE SCREEN TODAY. A PULLBACK FROM RECORDS BUT IT LOOKS LIKE WE COULD SEE ANOTHER UP WEEK ON THE S&P 500 INDEX. RIGHT NOW, READ ON THE SCREEN WITH THE S&P DOWN 49.

THIS TIME YESTERDAY, WE WERE RIGHT AROUND 7500. A DROP TODAY OF .75%. THE NASDAQ LOWER BY 194, A DROP OF .7%. ALL OF THIS WITH THE VIX BELOW 18 AND THE 10-YEAR .59%.

THE 30 YEAR, 5.12%. RIGHT NOW, SPOT GOLD DOWN $92 THE OUNCE. A DROP OF 2%. CRUDE PUSHING HIGHER, UP .35%. BRENT CRUDE UP 3.2%.

STOCKS ARE FOLLOWING AS INFLATION JITTERS LIFT BOND YIELDS. BILL ACKMAN SAYS PERSHING SQUARE HAS BUILT A NEW STAKE IN MICROSOFT, TAKING ADVANTAGE OF A DECLINE IN THE COMPANY'S SHARE PRICE TO INVEST IN A BUSINESS HE SAYS IS STRONGER AND MORE RESILIENT THAN INVESTORS THINK.

MICROSOFT SHARES UP 4.5%. ROUND TWO OF THE PGA CHAMPIONSHIP UNDERWAY IN PENNSYLVANIA. AT LAST CHECK, THE SOUTH AFRICAN SITS ATOP THE LEADERBOARD AT -4. FOR ON-DEMAND NEWS 24 HOURS A DAY, SUBSCRIBE TO BLOOMBERG

NEWS NOW WHEREVER YOU GET YOUR PODCASTS. THAT IS A BLOOMBERG BUSINESS FLASH. CAROL: WE WILL BE CHECKING IN WITH CHARLIE THROUGHOUT THE HOUR. I WANT TO GET TO A BUNCH OF STUFF GOING

ON. BEFORE THAT, WE NEED TO SET THE MAC PRO OF ONE OF THE BIG STORIES OF THE WEEK. THAT WAS THE MEETING BETWEEN U.S. PRESIDENT DONALD TRUMP AND CHINESE PRESIDENT XI JINPING.

THERE WERE A FEW DEALS, A PLEDGE OF STABILIZATION. THE RISK FOR BOTH IS TAIWAN. TIM: ALSO IRAN. INVESTORS WANT MORE. ON THE GROUND WITH THE PRESIDENT THROUGHOUT HIS TRIP, TYLER