Amy Morris

A senior UAE official tells Agence France-Presse they think there's a 50-50 chance there could be a deal to free up the Strait of Hormuz.

Hopes for a deal between the U.S.

and Iran continue to fuel Wall Street optimism.

We check the markets for you all day long here at Bloomberg.

The S&P 500 up 0.6%, NASDAQ up 0.6%, the Dow up 0.9%, the 10-year Treasury yield at 4.56% and the 2-year yield at 4.12%.

WTI crude now down to $96 a barrel and Brent crude just under $103 a barrel.

Consumer sentiment fell in May to a record low, 44.8, because of the war with Iran, weaker than all projections in a Bloomberg survey of economists.

The University of Michigan Consumer Sentiment Index shows cost of living also continues to be a concern, with 57 percent of consumers mentioning that high prices were eroding their personal finances.

Director of Consumer Surveys at the University of Michigan, Joanne Hsu.

Director of Surveys Joanne Hsu tells Bloomberg the last time they saw more than 50% of consumers worried that high prices were eating into their personal finances was during the Korean War.

The head of the World Health Organization says the Ebola outbreak in Congo is spreading rapidly, posing a very high risk at the national level.

The risk remains low at global levels.

Congo Country Director for the Danish Refugee Council, Caitlin Brady.

Caitlin Brady with the Danish Refugee Council on Bloomberg Daybreak Europe.

The U.S.

exit from the World Health Organization and cuts to foreign relief operations have reduced U.S.

spending on Ebola-related aid, with estimates showing a decline from about $23 million in 2021 to about $186,000 last year.

The House Oversight Committee asking CEOs of Kalshi and Polymarket for information about their efforts to prevent insider trading on their prediction platforms.

Republican Chair James Comer says there are no rules for those platforms.

Republican James Comer announced the probe on CNBC.