Stephen Carroll

Once the world's largest ad agency, WPP has seen a 65% drop in share price over the last year.

as it grapples with losing a string of large clients.

And US and Iranian officials will meet in Geneva today for the latest round of nuclear talks.

Ahead of those discussions, the US government imposed sanctions on more than 30 entities that support Iranian oil and weapons sales.

Republican Senator Steve Davies says Iran's leadership presents a threat.

Republican Steve Davies there speaking to Bloomberg yesterday.

According to the U.S.

Office of Foreign Assets Control, individuals and entities across the Middle East that helped Tehran develop advanced weapons have been blacklisted.

In his State of the Union address, President Trump claimed Iran was working to reconstitute its nuclear program even as it negotiates with Washington.

And those are your top stories on the programme this morning.

Coming up next on Daybreak, excuse me, let's check in on what's happening on the markets for you this morning.

We are looking at the Euro Stocks 50 futures up slightly this morning.

The FTSE 100 futures are up by a tenth of 1%.

The MSCI Irish Pacific Index, eight tenths higher this morning.

NASDAQ futures after yesterday's NVIDIA earnings, down by two tenths of 1%.

And the Bloomberg Dollar Spot Index is weaker for a second day this morning, down a tenth of 1%.

I'm Stephen Carroll.

And this is Bloomberg.

President Trump also used his speech to claim that Iran is working to reconstitute its nuclear programme.

The accusation comes after a US military strike last June that the president had previously said resulted in the obliteration of Iran's key nuclear sites.