On today's podcast:
1) The Trump administration is weighing a dramatic tariff reduction during weekend talks with China to de-escalate tensions and temper the economic pain both are already starting to feel.
2) President Donald Trump is pushing lawmakers to increase tax rates on some of the wealthiest Americans as a way to offset other cuts in his signature economic package.
3) Cardinal Robert Francis Prevost was elected as Roman Catholic pontiff, the first ever pope from the US and a possible bridge between the moderate and hardline sides of a divided Church.

Bloomberg Daybreak: Mortgage Rates, Denmark Election, BYD Earnings
38:33

Iran Keeps Striking Gulf; Oil Set for Weekly Surge
16:06

Trump Calls for Iran De-escalation; Oil and LNG Jump
15:33