Monica Ricks

The president posting that update on True Social this morning.

Secretary of State Marco Rubio also shared an update before visiting the Taj Mahal overnight in India.

Iran's foreign minister agrees they've reached a consensus on many issues, but the reopening of Hormuz and Iran's nuclear program are still major sticking points.

Meantime, oil keeps falling on the prospect of a new deal, with Brent crude now down more than 5% at about $98 a barrel.

And global stocks are higher.

The FTSE in London is up 0.2%.

Both the CAC in Paris and DAX in Germany are up 1.8%.

The Nikkei in Japan hit a record high today, closing above 65,000 for the first time.

It was up 2.8%.

The Hang Seng in Hong Kong added 0.8%.

and China's CSI 300 gained 1.5%.

U.S.

markets are closed today for Memorial Day.

Inflation will be in focus in the U.S.

in the week ahead.

Bloomberg's Andrew O'Day has a preview.

Tomorrow, we'll also get a snapshot of U.S.

consumer confidence from the conference board.

Like last week's University of Michigan measure, that's expected to be down, but there's more emphasis here on jobs and income prospects, so the decline may be smaller.

Pope Leo joined Anthropic co-founder Christopher Ola today at the Vatican to launch the first encyclical on artificial intelligence, warning about its dangerous impacts.