Chapter 1: What is the main topic discussed in this episode?
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And I'm Caroline Hepker.
Two high-profile sets of negotiations are taking place in Geneva today. The US and Iran are holding a second round of nuclear talks. US Secretary of State Marco Rubio says he's hopeful Tehran and Washington can broker an agreement. On Air Force One, President Trump says he'll be following the talks with Iran.
So I'll be involved in those talks indirectly, and they'll be very important, and we'll see what can happen. It's been typically, reds are very tough to negotiate. I think they want to make a deal. I don't think they want the consequences of not making a deal. They want to make a deal.
President Trump has threatened to strike the Islamic Republic unless it agrees to a deal curbing its nuclear programme and has moved forces to the region. Tehran has begun conducting military drills around the Strait of Hormuz, according to the Tasnim news agency.
Iran's foreign minister, Abbas Araqshi, held talks with the head of the UN's atomic watchdog on Monday, but he said in a social media post there would be no submission before threats.
Expectations are low for any breakthrough on discussions to end the war in Ukraine in Geneva. Western officials and analysts say that President Vladimir Putin believes time is on his side and support for Ukraine will peter out. The spokesperson for President Putin, Dmitry Peskov, says that Russia is taking the talk seriously.
This time we intend to discuss a broader range of issues related to the territories and other matters connected to our demands. The presence of the chief negotiator, that is Medinsky, is now essential. Indeed, the delegation will now be expanded this time. In addition to Medinsky, Deputy Foreign Minister Galuzin and other officials will be there.
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Chapter 2: What negotiations are taking place in Geneva today?
And performance across our assets has been very good. To take example of Escondida, which is our largest mine that we run in Chile, we are revising the guidance up for this year and next year.
BHP's Vandita Pant speaking there after the latest earnings announcement. Following the news, BHP shares jumped by as much as 7.6% in Sydney to hit a record, their biggest gain in over 10 months.
Chapter 3: What is the current status of the US-Iran nuclear talks?
Bloomberg has learnt that Elon Musk's SpaceX is competing in a US military contest to produce autonomous drones. The company and its subsidiary, XAI, are hoping to break into the weapons sector by winning a secretive $100 million contest to build voice-activated drones. The news comes as Anthropix talks about extending a contract with the Pentagon. are being held up.
Bloomberg understands the company wants guardrails that prevent Claude from being used to develop weapons or spy on Americans being removed. U.S. Secretary of State Marco Rubio has praised Hungarian Prime Minister Viktor Orban during a visit to Budapest. The U.S. is doubling down on its support for the populist leader as the country prepares for elections next month.
Speaking in Budapest, Rubio said that President Trump would provide assistance to Hungary if it ever ran into financial trouble. He said the two countries are entering a golden era of relations.
I can say to you with confidence that President Trump is deeply committed to your success because your success is our success. Because this relationship we have here in Central Europe through you is so essential and vital for our national interests in the years to come.
Marco Rubio speaking there after President Trump gave his personal endorsement of Orban this month despite the Prime Minister's party trailing in opinion polls in Hungary.
The executive chairman of Hyatt Hotels, Tom Pritzker, said he's retiring from his position at the company and won't stand for re-election to its board. Pritzker cited an association with the disgraced financier Jeffrey Epstein and his partner Ghislaine Maxwell.
In a statement, he said he, quote, exercised terrible judgment in maintaining contact with them and feels deep sorrow for the pain they inflicted on their victims. Hyatt named its president and CEO Mark Hopladmazian to succeed Pritzker as chairman effective immediately.
And those are our top stories for you this morning. Looking at the market, so Nasdaq futures this morning are currently down by eight-tenths of 1%. The US is back from the President's Day holiday yesterday. Asian stocks, very thin trading there because of the Lunar New Year holiday, but the MSCI Asia-Pacific Index is down. A tenth of one percent.
The AI concerns have hit India's technology services industry. They also caused Dassault Systems and Siemens shares to edge lower yesterday in European trading. Treasuries edging high, yields sliding two and a half basis points. Oil prices break crude steady with those U.S.-Iran markets. talks and the kind of concerns around geopolitics.
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