Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.

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.

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/efadad13-32d3-4354-a83e-b1c300bbe0fc/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

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Chinese and US officials discussed artificial intelligence, investment and trade in New York on Monday. The talks focused on delivering on what’s been agreed by the US and Chinese lead negotiators, according to China’s Vice Finance Minister Liao Min. A trade truce extension is possible, with US Trade Representative Jamieson Greer saying a three to six-month extension is possible.
2) Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. Japan’s Kyodo News Agency reported that Iran has proposed to reopen Hormuz within seven days if the American blockade is lifted. It said Iran is trying to break a prolonged stalemate in the conflict and that the proposal will be used as the basis for discussions with mediating countries at the United Nations General Assembly. President Trump is set to address the United Nations General Assembly in New York later on Tuesday, and may meet with his Iranian counterpart, Masoud Pezeshkian, on the sidelines. Al Jazeera also cited Iran’s Revolutionary Guard as saying it could negotiate to end the war if the country’s national interest required it.
3) President Trump is set to sign a security deal with Denmark and Greenland to end a bitter dispute over the Arctic island, expanding Washington’s military role. The deal will leave Greenland under Danish sovereignty, with Prime Minister Mette Frederiksen saying it's "a good agreement" that benefits all sides. The US plans to reopen one military base in southern Greenland and establish a second site on the country’s east coast, according to people familiar with the matter.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Chinese and US officials discussed artificial intelligence, investment and trade in New York on Monday. The talks focused on delivering on what&rsquo;s been agreed by the US and Chinese lead negotiators, according to China&rsquo;s Vice Finance Minister Liao Min. A trade truce extension is possible, with US Trade Representative Jamieson Greer saying a three to six-month extension is possible. 2) Oil erased earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. Japan&rsquo;s Kyodo News Agency reported that Iran has proposed to reopen Hormuz within seven days if the American blockade is lifted. It said Iran is trying to break a prolonged stalemate in the conflict and that the proposal will be used as the basis for discussions with mediating countries at the United Nations General Assembly. President Trump is set to address the United Nations General Assembly in New York later on Tuesday, and may meet with his Iranian counterpart, Masoud Pezeshkian, on the sidelines. Al Jazeera also cited Iran&rsquo;s Revolutionary Guard as saying it could negotiate to end the war if the country&rsquo;s national interest required it. 3) President Trump is set to sign a security deal with Denmark and Greenland to end a bitter dispute over the Arctic island, expanding Washington&rsquo;s military role. The deal will leave Greenland under Danish sovereignty, with Prime Minister Mette Frederiksen saying it's "a good agreement" that benefits all sides. The US plans to reopen one military base in southern Greenland and establish a second site on the country&rsquo;s east coast, according to people familiar with the matter.

US-China Negotiate AI and Trade; Trump's High Stakes UN Speech

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a310db10-555c-48f9-8489-b4cd009d73d9/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week’s summit between leaders Donald Trump and Xi Jinping.China’s top trade negotiator, Li Chenggang, said the talks were held in a “good atmosphere” as he left JPMorgan Chase & Co.’s headquarters in New York on Sunday, while US Treasury Secretary Scott Bessent lauded “very successful” discussions. The Chinese official Xinhua News Agency called the exchange “candid, in-depth and constructive.”
2) Oil dropped for a fourth day, with Brent set for the longest run of declines since June, as traders tracked diplomatic efforts to end the US-Iran war and signs cargoes are still getting through the Strait of Hormuz.
3) The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters.Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) US and Chinese officials offered upbeat assessments of their talks on artificial intelligence, trade and investment, signaling a mutual desire to steady ties ahead of this week&rsquo;s summit between leaders Donald Trump and Xi Jinping.China&rsquo;s top trade negotiator, Li Chenggang, said the talks were held in a &ldquo;good atmosphere&rdquo; as he left JPMorgan Chase &amp; Co.&rsquo;s headquarters in New York on Sunday, while US Treasury Secretary Scott Bessent lauded &ldquo;very successful&rdquo; discussions. The Chinese official Xinhua News Agency called the exchange &ldquo;candid, in-depth and constructive.&rdquo; 2) Oil dropped for a fourth day, with Brent set for the longest run of declines since June, as traders tracked diplomatic efforts to end the US-Iran war and signs cargoes are still getting through the Strait of Hormuz. 3) The settlement talks between Paramount Skydance Corp. and California officials over the planned acquisition of Warner Bros. Discovery Inc. are said to include a financial penalty if the company fails to make good on a promise to distribute 30 films per year in theaters.Paramount would have to pay $30 million for each film that falls short of that goal, according to two people familiar with the discussions who asked to not be identified because the negotiations are private. It could also be forced to sell its stake in Miramax, the studio behind movies such as Pulp Fiction, if it fails to meet the target, one of the people said.

Trump, Xi Prepare for High-Stakes Meeting; Oil Extends Decline 

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/528755c1-f45d-4f5a-b260-b4cc00a118f2/transcript

Instant Reaction: Will the Fed Cut Quicker After This Selloff?

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