Matt Piper

consumers are still opening their wallets despite a renewed rise in prices and weak sentiment.

Matt Piper, Bloomberg Radio.

Costco reported earnings surpassing the average of analyst estimates.

The warehouse giant has picked up market share in recent years by offering competitive prices, large pack sizes, and a treasure hunt of ever-changing products.

Gasoline, which is frequently priced lower at Costco than at competitors, is another advantage as consumers look to cushion a global surge in fuel costs.

The upbeat report reinforces that U.S.

consumers are still opening their wallets despite a renewed rise in prices and weak sentiment.

Matt Piper, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Matt Piper.

After U.S.-Iran peace talks in Pakistan ended without an agreement, President Trump says the U.S.

Navy will immediately begin a blockade to stop ships from entering or leaving the Strait of Hormuz.

That will halt the nearly 2 million barrels a day of Iranian oil that's been passing through the waterway, further squeezing global supply and cutting off a vital lifeline for the Islamic Republic.

Trump on Fox.

Vice President Vance says 20 hours of talks led to no deal because Iran will not give up nuclear weapons.

No word on what all this means for that ceasefire, which is set to expire on April 22nd.

Iran media says no new talks are planned, says Democrat Senator Tim Kaine on ABC.

Polls are now closed in Hungary for what's widely seen as Europe's most consequential election this year.

It could unseat populist Prime Minister Viktor Orban, an ally of President Trump, after 16 years in power.

Bloomberg Chief Europe correspondent Oliver Crook on Orban's challenger.