Ed Kalecki

Bank of America does not admit wrongdoing in the agreement.

The Friday numbers on Wall Street, the Dow fell 793, that's 1.7%.

NASDAQ lost 459, that's just over 2%.

The S&P dropped 108, that's 1.6%.

The 10-year Treasury yield is at 4.43%, and the 2-year Treasury yield is at 3.90%.

That's news when you want it with Bloomberg News Now.

I'm Ed Kalecki.

This is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Ed Kalecki.

President Trump Saturday evening posted on Truth Social that Iran has 48 hours to fully open the Strait of Hormuz.

He posted, quote, If Iran doesn't fully open without threat the Strait of Hormuz within 48 hours from this exact point in time, the United States of America will hit and obliterate their various power plants, starting with the biggest one first.

The U.S.

military says it has been able to degrade Iran's ability to target ships moving through the Strait of Hormuz, as President Trump Friday floated the idea of winding down military efforts in the Persian Gulf.

More than 100 people were injured Saturday evening in Israel by multiple Iranian strikes in the country's south, as Tehran sought to retaliate for an earlier attack on its own nuclear facility.

The president's comments hinting at a de-escalation came shortly after he ruled out a ceasefire and kept the door open to deploying ground troops, highlighting how the president continues to send wildly divergent signals about his objectives and plans for the U.S.

and Israeli war on Iran.

President Trump says he is ready to deploy ICE agents to U.S.

airports as soon as Monday if congressional Democrats don't agree to a plan for funding parts of the Department of Homeland Security.

Trump said Saturday in a social media post that the ICE agents would not only assist the TSA in handling normal airport security,