US Yields Near 2007 Highs; AI Push Fuels Job Cuts | Bloomberg Brief 5/19/2026

US equity futures slide and 30-year Treasury yield flirts with levels last seen in 2007. President Trump calls off scheduled strikes on Iran after Persian Gulf allies sought more time to work out a deal. Standard Chartered plans to eliminate nearly 8,000 jobs as the firm shift to AI, while Meta reassigns workers to AI roles ahead of planned job cuts. Christopher Hodge of Natixis discusses the challenges ahead for the Federal Reserve amid price pressure. (Source: Bloomberg)