Tiwa Adebayo

officials, Trump met his national security team yesterday to discuss the war and the possible resumption of military action.

In a further sign of escalation, Iran's semi-official Tasnim news agency says the country has now deployed armed mini-submarines in the Persian Gulf.

Michael Burry says he believes the Nasdaq 100 index is headed for a dramatic reversal after what he has dubbed a parabolic surge.

With more, here's Bloomberg's Chris Pitt.

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

I'm Tiwa Adebayo.

News when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

The British Prime Minister will make a speech in around an hour's time that's aiming to save his job.

Keir Starmer will set out a bolder agenda for his Labour government after disastrous election results revive talk of a leadership challenge.

One relatively unknown Labour MP, Catherine West, says she'll begin an effort to remove Keir Starmer if his cabinet members don't do it.

West added she will wait until the Prime Minister's speech to make a final decision.

More than 30 Labour MPs have publicly called for Starmer to resign or set out a timetable for his departure, but Education Secretary Bridget Philipson says ejecting their leader will only set the government back.

Education Secretary Bridget Philipson speaking there.

Catherine West's challenge may force the hand of Starmer's rivals with greater levels of support, such as Health Secretary Wes Streeting and former Deputy Prime Minister Angela Rayner.

In a statement on Sunday night, Rayner said, what we are doing now isn't working and the Prime Minister must now meet the moment but stop short of declaring a run against Starmer.

President Donald Trump is expected to press China's Xi Jinping over his country's approach to Iran when they meet in Beijing, according to senior U.S.

officials.

The two leaders will hold talks on Thursday and Friday in Beijing as they wrestle with disagreements over trade and the U.S.-Israeli war with Iran.

China is Iran's biggest oil buyer and a key diplomatic backer.