September 20, 2026: Bessent Says Talks "Very Successful", Trump-Mamdani Meeting, More

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Previously titled “Bessent Says Talks "Very Successful", Trump-Mamdani Meeting, More” — renamed by the publisher on Sep 21, 2026

Bloomberg News Now 8 min 4 speakers 8 chapters transcribed just now

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Transcript generated automatically by AI and may contain errors.

What is the main topic discussed in this episode?

Unknown 0:01

HSBC Corporate and Institutional Banking connects capital with opportunity. Even in the most complex industries, set your business up for success. Search grp.hsbc forward slash USCIB.

What is the latest update on the US‑China summit and Treasury talks?

Doug Krisner 0:18

News When You Wanted, with Bloomberg News Now, I'm Doug Chrisner. The US and China are preparing for a high profile summit this week between Presidents Donald Trump and Xi Jinping. It will happen Thursday in Washington. Today, Treasury Secretary Besant met with China's Vice Premier, Ho Lee Feng, and these talks centered around the trade truce between the U.S. and China as well as artificial intelligence.

How did Treasury Secretary Bessent describe the US‑China AI dialogue as “very successful”?

Doug Krisner 0:42

And after the meeting, Bessent decided. Describe the talks as very successful. We get more from Bloomberg Stephen Engel.

Stephen Engel 0:48

The Chinese are assessing uh these talks today as not bad. But back to AI and what Besson is saying. He says the US and China AI dialogue will meet again, uh, and they're gonna they've had a proposed notification mechanism between the two countries, and they will meet again. So we just don't know when or how deep these talks are gonna go. Is it gonna be on the guardrails, on the bigger

Why are President Trump and New York City Mayor Zoran Mamdani meeting this week?

Stephen Engel 1:13

picture of AI safety and the speed of development, which the Chinese have, you know, decried as well as being a bit of fear-mongering, or is it more about the allegations about IP theft through distillation that Scott Besson has mentioned in the past?

Doug Krisner 1:28

That is Bloomberg Steven Engel. President Trump and New York City Mayor Zoran Mamdani are set to meet at the mayor's residence on Monday. Mamdani's office says the meeting will focus on issues affecting New York City and its residents. This will be the third meeting of the two since Mamdani's election victory in November.

What sanctions is the Trump administration preparing against the International Criminal Court?

Doug Krisner 1:46

And while President Trump is in New York, he'll also meet with Ukrainian President Volodymyr Zelensky. Today, in a post on X, Zelensky said he had an important conversation with Trump and said their upcoming meeting could change a lot. The Trump administration is reportedly preparing sanctions on the International Criminal Court. The Wall Street Journal reports this move could potentially cripple the ICC by prohibiting it from conducting transactions in U.S. dollars, thereby cutting it off from much of the global financial system. Now some U.S.

What conditions has Iran offered to end the conflict with the United States?

Doug Krisner 2:17

officials Have said this move could possibly be finalized this week during the United Nations General Assembly meeting or in the following days. Now, back in July, Secretary of State Marco Rubio said the court's decision to go after officials of non member states sets a dangerous precedent and could threaten U.S. sovereignty. Neither the U.S. nor Israel are members of the ICC. Now, back in November twenty twenty four. four the ICC did issue an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes and crimes against humanity. Negotiations to end the war in Iran are still in limbo. Former Treasury Secretary Stephen Minution says he is positive President Trump will resolve the conflict soon.

Unknown 3:03

I think there's a short term issue and there's a long term issue. I I don't I think actually on the longer term um all of this ringing the Mideast together is an important issue. But I think in the short term, obviously it has an impact. I mean, I think nobody expected the amount of activity there is.

Doug Krisner 3:23

That is former U.S. Treasury Secretary Steve Minution. Now Iran has sent Washington conditions to end this conflict. They include the release of frozen Iranian funds and an end to the U.S. naval blockade. Meantime, U.S. Central Command says oil and liquefied natural gas shipments through the Strait of Hormuz are now at their highest level since the war began. Here is Admiral Brad Cooper.

Unknown 3:47

The volume of crude oil, cargo, and liquid natural gas these past two weeks is higher than at any point in the past six months.

Doug Krisner 3:54

Cooper also said progress shows a US naval blockade as well as mine clearing efforts are paying off. The head of the Minneapolis Fed Neil Kashkari says inflation remains too high and pressures have broadened beyond the oil price shocks of the Iran war.

Unknown 4:10

Core inflation is running at about three point four percent right now.