US-Iran Ceasefire Holds; Apple Weighs Using Intel, Samsung for Processors | Bloomberg Brief 5/5/2026

US equity futures rebound and oil eases as the US-Iran ceasefire holds after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates. In a Bloomberg scoop, Apple has held preliminary talks about enlisting Intel and Samsung to produce the main processors for its devices in the US. Henrietta Pacquement of Allspring Global Investment sees gradual softening in the labor market. (Source: Bloomberg)