Monica Ricks

The tanks located less than a mile from Disneyland.

Germany's delivery hero has confirmed Uber's takeover offer.

We get more on that from Bloomberg's Ed Kalecki.

Here at home, inflation will be in focus in the coming week.

U.S.

markets are closed tomorrow in observance of Memorial Day, but Tuesday we'll get a look at consumer confidence and two reports on home prices.

Thursday, we get personal income and spending for April, along with the PCE index or 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.

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

I'm Monica Ricks.

And this is Bloomberg.

Make decisions.

A poor decision is always better than no decision.

News when you want it with Bloomberg News Now.

I'm Monica Ricks.

President Trump says he'll announce a peace deal soon with Iran.

According to Axios, that's expected to involve a 60-day ceasefire extension.

U.S.

Secretary of State Marco Rubio says it would also involve reopening the Strait of Hormuz, allowing Iran to sell its oil without tolls.