Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump indefinitely extended a ceasefire with Iran as peace talks remain on hold, walking back threats to resume fighting. The US-Israel alliance and Iran won’t immediately return to fighting, but there’s still no sign the vital Hormuz waterway will be reopened to oil and gas shipments soon. Iran says it will not reopen the Strait of Hormuz or restart peace talks until the US naval operation ends, and the US president blamed divisions among the Islamic Republic’s leaders for the need to extend the truce.
2) Virginia voters backed a Democratic plan to redraw the state's congressional districts, with the Yes vote leading 51.5% to 48.6%. The vote could net Democrats as many as four more US House seats in November's midterm elections, according to multiple projections. The outcome shifts Virginia's congressional delegation from being one of the most balanced to packing Republican voters together, favoring Democrats in most districts.
3) Kevin Warsh pledged to act independently if confirmed as the next Federal Reserve chair, rejecting concerns he would be a "sock puppet" for President Trump. Warsh called for changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump indefinitely extended a ceasefire with Iran as peace talks remain on hold, walking back threats to resume fighting. The US-Israel alliance and Iran won&rsquo;t immediately return to fighting, but there&rsquo;s still no sign the vital Hormuz waterway will be reopened to oil and gas shipments soon. Iran says it will not reopen the Strait of Hormuz or restart peace talks until the US naval operation ends, and the US president blamed divisions among the Islamic Republic&rsquo;s leaders for the need to extend the truce. 2) Virginia voters backed a Democratic plan to redraw the state's congressional districts, with the Yes vote leading 51.5% to 48.6%. The vote could net Democrats as many as four more US House seats in November's midterm elections, according to multiple projections. The outcome shifts Virginia's congressional delegation from being one of the most balanced to packing Republican voters together, favoring Democrats in most districts. 3) Kevin Warsh pledged to act independently if confirmed as the next Federal Reserve chair, rejecting concerns he would be a "sock puppet" for President Trump. Warsh called for changes to the way the US central bank makes its decisions, including a new framework for dealing with persistent inflation and a new way of communicating with the public.

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.

Bloomberg Daybreak: US Edition

Iran Peace Deal in Limbo; Redistricting Passes in Virginia

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