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 Tsang, SOAS University of London Director of the China Institute
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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
00:00:34 – US, Iran said to be exploring phased deal to open Hormuz
00:03:45 – Trump-Xi summit low on substance
00:07:57 – Mark Haefele, UBS Global Wealth Management CIO
00:18:04 – NATO’s Rutte: Europe is ready for hybrid attacks
00:21:39 – Friday top stories
00:23:43 – Friday headlines
00:24:54 – US-China roundtable: SOAS’ Steve Tsang & Enodo Economics’ Diana Choyleva
00:38:51 – UBS mulls merger with foreign bank: Semafor
00:42:11 – ECB succession race heats up
00:45:41 – Wall St reckons with ‘new normal’ 5% yield
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More on Bloomberg Television and Markets
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