Stephen Carroll

We are further away from the worries around artificial intelligence that we saw at the start of the week.

There was pushback from the White House against Ukraine.

That Citrine research paper on AI, FTSE 100 is up by seven tenths of one percent this morning.

Just in terms of Diageo's share price taking a significant hit this morning, down 6.6 percent.

HSBC shares, though, jumping five percent after their blowout results.

The dollar is weaker, two tenths of one percent.

The euro trading at 117.97 and gold is up by nine tenths of one percent.

I'm Caroline Hepke.

And this is Bloomberg.

And I'm Stephen Carroll.

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.

The United States has now amassed a military force in the Middle East not seen since the 2003 Iraq invasion and speculation is growing that President Trump is preparing for a fresh round of strikes in the coming days.

He also issued this confrontational warning to the regime in Tehran.

Iran has long argued that its nuclear programme is for peaceful purposes.

Trump's comments now set the stage for a high-stakes meeting in Geneva tomorrow between representatives of the US and Iranian officials aimed at securing a nuclear deal.

A growing number of industry voices are warning of risks in the private credit market.

Money manager Danny Moses, featured in The Big Short, says private markets push into retail products as reminiscent of the years before the global financial crisis.

Meanwhile, strategists at UBS have upped their forecast for defaults in the sector to 15%, two percentage points higher than forecast less than a month ago.

The bank's head of public and private credit strategy, Matthew Mish, says technological progress could also present a challenge for the industry.