Your morning briefing. The news you need in just 15 minutes.  

On today's podcast:  
1) Maui Death Toll Climbs to 53 With Wildfire 80% Contained   
2) Biden Calls China’s Economy ‘Ticking Time Bomb’ in New Barb   
3) UBS Ends $10 Billion Loss Protection Deal With Swiss Government 

Your morning briefing. The news you need in just 15 minutes.   On today's podcast:  1) Maui Death Toll Climbs to 53 With Wildfire 80% Contained    2) Biden Calls China’s Economy ‘Ticking Time Bomb’ in New Barb    3) UBS Ends $10 Billion Loss Protection Deal With Swiss Government

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Hawaii Death Toll Rises; Biden Sparks Fresh China Tensions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7e4dd848-3aa1-419c-8a6d-b05b009c8f6b/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) Donald Trump’s fete for China’s Xi Jinping has been heavy on pageantry and platitudes but light on substantive announcements, with the events shadowed by the US president’s preoccupation with construction projects and personal grievances.Through Thursday evening in Washington, the most significant news tied to the gathering was announced before it even began, when Treasury Secretary Scott Bessent said just as Xi’s plane landed that the two sides had extended a trade truce for another two months.

2) US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions.The two countries — which have both refused to make similar agreements in recent months — were making a push for a breakthrough Thursday on the sidelines of the United Nations General Assembly, the person said, declining to be named discussing private matters. Qatari officials are mediating the negotiations.

3) Kathy Hochul warned residents in low-lying areas of New York City and Long Island to prepare for flooding as a powerful storm is set to bring heavy rain and strong winds over the weekend.While New York Governor Hochul said she doesn’t expect widespread damage, even a slight shift in the Nor’easter’s track could worsen conditions, according to a statement late Wednesday. Raging surf will also make it dangerous for any late-season beachgoers, with waves offshore forecast to top 12 feet (3.7 meters) by Thursday.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Donald Trump&rsquo;s fete for China&rsquo;s Xi Jinping has been heavy on pageantry and platitudes but light on substantive announcements, with the events shadowed by the US president&rsquo;s preoccupation with construction projects and personal grievances.Through Thursday evening in Washington, the most significant news tied to the gathering was announced before it even began, when Treasury Secretary Scott Bessent said just as Xi&rsquo;s plane landed that the two sides had extended a trade truce for another two months.
2) US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the discussions.The two countries &mdash; which have both refused to make similar agreements in recent months &mdash; were making a push for a breakthrough Thursday on the sidelines of the United Nations General Assembly, the person said, declining to be named discussing private matters. Qatari officials are mediating the negotiations.
3) Kathy Hochul warned residents in low-lying areas of New York City and Long Island to prepare for flooding as a powerful storm is set to bring heavy rain and strong winds over the weekend.While New York Governor Hochul said she doesn&rsquo;t expect widespread damage, even a slight shift in the Nor&rsquo;easter&rsquo;s track could worsen conditions, according to a statement late Wednesday. Raging surf will also make it dangerous for any late-season beachgoers, with waves offshore forecast to top 12 feet (3.7 meters) by Thursday.

Trump-Xi High-Stakes Summit; Possible Deal to Open Hormuz

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/b5bdd77c-8abb-4a5f-a77c-b4d0009ed37c/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) The US and China have sealed a two-month extension to their trade truce, according to Treasury Secretary Scott Bessent. Xi Jinping is visiting the US for the first time in eleven years, and has stated he is "confident" the trip would produce "fruitful results." The truce extension ensures stability until 2027, but expectations for major breakthroughs have been low, with the US yet to be satisfied with China's offer on rare earths and possibly other issues.

2) Iranian President Masoud Pezeshkian said his country won’t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Pezeshkian’s address laid out conditions before any meaningful talks with the US can resume, including the US immediately lifting a naval blockade and unfreezing Iranian assets. Iran is ready to resume talks about ending the conflict with the US but will not respond to threats, and will not give up the right to develop nuclear technology for economic purposes.

3) Yields on the US government’s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. Pressure on long-dated bonds has mounted as economic growth, elevated energy prices as well as inflation and heavier government borrowing prompt investors to demand more compensation for locking up money for decades.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and China have sealed a two-month extension to their trade truce, according to Treasury Secretary Scott Bessent. Xi Jinping is visiting the US for the first time in eleven years, and has stated he is "confident" the trip would produce "fruitful results." The truce extension ensures stability until 2027, but expectations for major breakthroughs have been low, with the US yet to be satisfied with China's offer on rare earths and possibly other issues.
2) Iranian President Masoud Pezeshkian said his country won&rsquo;t allow freedom of navigation through the Strait of Hormuz while sanctions and a US blockade remain in place. Pezeshkian&rsquo;s address laid out conditions before any meaningful talks with the US can resume, including the US immediately lifting a naval blockade and unfreezing Iranian assets. Iran is ready to resume talks about ending the conflict with the US but will not respond to threats, and will not give up the right to develop nuclear technology for economic purposes.
3) Yields on the US government&rsquo;s longest-dated bonds climbed to the highest level in more than two decades, the latest milestone notched in an extended bond selloff driven by inflation and fiscal concerns. The rate on 30-year Treasuries rose as much as four basis points on Thursday to 5.44%, the highest since 2004, after Brent crude oil prices jumped. It follows a surge this week that left yields across maturities around the highest levels since 2007. Pressure on long-dated bonds has mounted as economic growth, elevated energy prices as well as inflation and heavier government borrowing prompt investors to demand more compensation for locking up money for decades.

Trump-Xi Reach Truce Extension; Iran Defiant at UN

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c4e55ba7-b0a0-46b8-a8a5-b4cf00a3a7af/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp. Iran laid down “firm positions” for the reopening of the Strait of Hormuz, including the US immediately lifting a naval blockade, unfreezing Iranian assets and ending the war “on all fronts." Trump said the three-hour session was “very productive” and another was being planned for the near future, but it’s not clear what, if any, progress was made in New York.
2) President Trump is welcoming Xi Jinping to Washington for a state visit focused more on pageantry than policy, with low expectations for breakthroughs on long-standing feuds between the world’s biggest economies. The trip will include meetings on thorny issues such as trade and Taiwan, as well as a state dinner, with both sides having lowered expectations for either breakthroughs or bust-ups. Fault lines remain beneath the diplomatic efforts, including US concerns over China's grip on rare earths and Chinese opposition to a proposed US weapons package for Taiwan.
3) Several Senate Republicans are breaking from President Trump on issues such as the Iran war and fuel prices ahead of the Midterm elections. Republican lawmakers are calling for measures to reduce fuel costs, including a ban on diesel exports and releasing supply from the Northeast Home Heating Oil Reserve. Senate Armed Services Chair Roger Wicker is one such name, saying he wouldn't have scheduled such a lavish welcome for Chinese leader Xi Jinping. Wicker says he hopes President Trump asks about China's military buildup and support for Iran during tomorrow night's state dinner.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said his officials had &ldquo;very good&rdquo; talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp. Iran laid down &ldquo;firm positions&rdquo; for the reopening of the Strait of Hormuz, including the US immediately lifting a naval blockade, unfreezing Iranian assets and ending the war &ldquo;on all fronts." Trump said the three-hour session was &ldquo;very productive&rdquo; and another was being planned for the near future, but it&rsquo;s not clear what, if any, progress was made in New York. 2) President Trump is welcoming Xi Jinping to Washington for a state visit focused more on pageantry than policy, with low expectations for breakthroughs on long-standing feuds between the world&rsquo;s biggest economies. The trip will include meetings on thorny issues such as trade and Taiwan, as well as a state dinner, with both sides having lowered expectations for either breakthroughs or bust-ups. Fault lines remain beneath the diplomatic efforts, including US concerns over China's grip on rare earths and Chinese opposition to a proposed US weapons package for Taiwan. 3) Several Senate Republicans are breaking from President Trump on issues such as the Iran war and fuel prices ahead of the Midterm elections. Republican lawmakers are calling for measures to reduce fuel costs, including a ban on diesel exports and releasing supply from the Northeast Home Heating Oil Reserve. Senate Armed Services Chair Roger Wicker is one such name, saying he wouldn't have scheduled such a lavish welcome for Chinese leader Xi Jinping. Wicker says he hopes President Trump asks about China's military buildup and support for Iran during tomorrow night's state dinner.

Trump Hails Iran Talks; Trump Welcomes Xi to Washington

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ac0f0cf9-1d9b-4404-a78f-b4ce009dc50a/transcript

Hawaii Death Toll Rises; Biden Sparks Fresh China Tensions

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