US, Iran Explore Hormuz Deal, Trump-Xi Summit Short on Substance
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Bloomberg has learned 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. Donald Trump’s summit with China's Xi Jinping has produced few substantive announcements so far. Anticipated agreements on tariff cuts and a new line of communication on artificial intelligence have yet to be announced. Trump repeatedly cast Xi as a friend despite intensifying competition on AI and divides over trade. The early exit of Isabel Schnabel from the European Central Bank is set to intensify the contest for top jobs there including that of President Christine Lagarde. The announcement on Thursday that Germany’s Executive Board member will leave in January, one year before her term expires, creates a vacancy within the institution’s top echelon in little more than three months. Today's guests: Mark Haefele, UBS Global Wealth Management CIO; Diana Choyleva, Enodo Economics Chief Economist; Steve Tsan
Tags: 30 year bond yield, Bond Yield, Brendan Murray, China, Christine Lagarde, Diana Choyleva, ECB, Francine Lacqua, Iran, Iran war, Mark Haefele, Middle East, Netherlands, Oil, Shona Ghosh, Steve Tsang (SOAS), Steven Arons, Stuart Wallace, Treasury, Trump
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