Jumana Persechi

Now we're in a situation where Iran have discovered that they have a lot of leverage over this key chokehold for the global economy.

And they're not going to give it up without getting something in return.

And for them, the incentive is clearly economic.

A lot of them tell me they support it.

We'll see how many actually, you know, join us in the effort by putting pen to paper and putting their name on it.

U.S.

markets are closed Monday in observance of the Memorial Day holiday.

Tuesday, we get a look at consumer confidence and get two reports on home prices.

Thursday, it's personal income and spending for April, along with the PCE index, or the Fed's preferred inflation gauge, which Bloomberg economists say likely remained hot last month.

We also get another look at first quarter GDP, durable goods orders, new home sales, and the weekly report on initial jobless claims.

Friday, it's wholesale inventories.

Karen Moscow, Bloomberg Radio.

Now we're in a situation where Iran have discovered that they have a lot of leverage over this key chokehold for the global economy, and they're not going to give it up without getting something in return.

And for them, the incentive is clearly economic.

Now we're in a situation where Iran have discovered that they have a lot of leverage over this key chokehold for the global economy, and they're not going to give it up without getting something in return.

And for them, the incentive is clearly economic.