Dan Schwartzman

Trump's comments coming on the heels of a report from Iranian state media claiming to have a copy of an unofficial draft memorandum of understanding of a deal between the U.S.

and Iran to end the blockade of the Strait.

The White House, though, says the report is, quote, not true.

Bloomberg's Kayleigh Lyons with more details.

That's Bloomberg's Kayleigh Lyons.

Oil fell on optimism that the U.S.

and Iran would reach a peace deal, despite President Trump saying he was not satisfied with negotiations and the almost three-month war.

West Texas Intermediate crude traded near $90 a barrel.

That's a drop of nearly 5%.

Federal Reserve Governor Lisa Cook says inflation is heading in the wrong direction and that she would be prepared to raise interest rates if that continued.

Cook made remarks in preparation for an event at Stanford University.

Salesforce gave a revenue outlook for the current period that just fell short of analysts' estimates.

Revenue will be about $11.3 billion in the fiscal second quarter, which ends in July.

Analysts had projected $11.4 billion.

With Salesforce being the leading maker of customer management software, investors had already been concerned about the possibility that artificial intelligence would disrupt the software business.

Shares, though, were little changed in extended trading.

American Airlines CEO Robert Isom joined Bloomberg's Lisa Abramowitz to talk about the state of the airline.

Isom says that higher fuel prices caused by the Iran war have not hurt the company's bottom line.

That's American Airlines CEO Robert Issam on Bloomberg TV.

Boeing with some good news as the airplane maker successfully completed a capstone review with the Federal Aviation Administration to further increase production of its best-selling 737 MAX to 47 jets per month.