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.
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. Meanwhile Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent was “wrong” when he said that the strategic Strait of Hormuz will be worthless in two years.
German Chancellor Friedrich Merz will try to convince leaders from his conservative party to stick with him at a Monday morning meeting after his Christian Democratic Union suffered its worst-ever result in a state election.
Today’s guests: Ursula Marchioni, Vanguard Head of Multi-Asset & Adviser Solutions for Europe; George Featherstone, Barclays Senior European Industrials Equity Research Analyst
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:24 – US & China hail constructive talks
00:02:33 – Trump to host Xi at White House Thursday
00:07:24 – Novo targets more than DKK150B in pipeline sales in 2035
00:08:32 – Ursula Marchioni, Vanguard Head of Multi-Asset & Adviser Solutions for Europe
00:15:06 – Merz’ CDU crash out of German state parliament
00:19:47 – Ursula Marchioni, Vanguard Head of Multi-Asset & Adviser Solutions for Europe
00:24:01 – Monday headlines
00:24:38 – US-Iran war in focus at Qatar Economic Forum in New York
00:29:45 – Monday top stories
00:30:38 – Citi CEO Jane Fraser on bank cyber defenses
00:31:38 – George Featherstone, Barclays Senior European Industrials Equity Research Analyst
00:38:49 – Novo shares plunging as it holds capital markets day
00:42:50 – SocGen shares jump after raising profit goal
00:45:28 – German automaker workers to stage nationwide protests
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