James Woolcock

Investors face another test later today with the US jobs report, which could shift Fed policy expectations and determine whether the AI-driven rally continues or stalls.

Bloomberg Economics expects the May figures to show a solid increase in employment.

Staying in the UK, the US State Department has weighed in on a policing scandal, describing it as a symptom of civilizational decline.

The official social media account for America's foreign ministry posted about the murder of Henry Novak, an 18-year-old who died in police handcuffs after being falsely accused of racism.

Prime Minister Keir Starmer met Novak's parents yesterday.

Starmer's Deputy Prime Minister David Lammy this morning says he doesn't recognise the US State Department's caricature of Britain having a two-tier justice system.

Lammy stressed the UK and the US do have a close and special relationship.

News when you want it with Bloomberg News Now.

I'm James Woolcock.

The White House has announced that Israel and Lebanon have agreed to a ceasefire, giving some hope that it could help put talks between the US and Iran back on track.

The end of hostilities is contingent on Hezbollah halting all attacks.

There was no immediate indication whether Hezbollah had accepted the terms of the deal.

The Israeli ambassador to the US, Yehiel Leiter, says under the agreement, Hezbollah fighters will have to leave the border area near Israel.

Yahiel Leiter speaking there following US-mediated talks with Lebanon.

Iran had demanded that Israel stop striking Hezbollah targets in Lebanon as part of any agreement with the US.

Tehran and Washington have exchanged limited strikes in recent days in what has been their most serious flare-up since a fragile ceasefire took effect in April.

Germany, France and the UK are working with Ukraine on plans to engage Russia's President Vladimir Putin on negotiations to end the war.

Bloomberg understands officials from the three allies see a shift in momentum for Ukraine as Russian forces suffer mounting losses and economic challenges.

NATO Secretary General Mark Rutter was speaking alongside Volodymyr Zelensky after the first ever NATO-Ukraine council meeting held in Kiev.

NATO Secretary General Mark Rutter speaking there in Kiev.