Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over Ā£10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth. News when you want it.
With Bloomberg News Now, I'm Dan Schwartzman. Civil rights icon Reverend Jesse Jackson has died at the age of 84. Jackson was considered one of the most prominent civil rights activists, as well as a two-time presidential candidate and the founder of the Rainbow Push Coalition. His son, Jesse Jackson Jr., spoke about the void left by his father's death.
We're just grateful to God that he blessed all of us, that his life touched ours. And I think over the next few days, the next few weeks, maybe the next few years, People come to appreciate the kind of leadership and the void that he's left us and that all of us are going to have to fill. No one person can fill this void. That's Jesse Jackson Jr.
Fellow civil rights activist Al Sharpton spoke about Jackson's legacy. Jesse Jackson changed American politics. Jesse Jackson changed the civil rights movement. He was a consequential and transformative figure. That's Al Sharpton. Iran says it has reached a quote general agreement with the U.S. on the basis of a potential nuclear deal that would lift sanctions on Tehran.
Iran's foreign minister, though, cautioned that the next stage would be, quote, more difficult and detailed. Axios reports that Iran is expected to present the U.S. with detailed proposals in the next two weeks to address some gaps in negotiations. Iran, meanwhile, closing the Strait of Hormuz for several hours to conduct military drills.
Oil fell in the news of the positive negotiations to under $63 a barrel. A third round of U.S.-led negotiations on ending Russia's war on Ukraine began in Geneva today. There is little optimism that a breakthrough can be reached to stop the more than four years of fighting.
The talks are expected to address a wide range of issues, including territory, military, political and economic matters, and will continue for a second day on Wednesday. Apple is speeding up development of three new wearable devices as part of a shift toward artificial intelligence-powered hardware, a category also being pursued by OpenAI and meta-platforms.
The company is ramping up work on smart glasses as well as a pendant that can be pinned to a shirt or worn as a necklace, and AirPods with expanded AI capabilities that's according to people with knowledge of the plans. All three devices are being built around the Siri digital assistant, which will rely on visual context to carry out actions.
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Chapter 2: What legacy did Reverend Jesse Jackson leave behind?
Warner Bros. Discovery has agreed to temporarily reopen sale negotiations with Paramount Skydance, setting the stage for a potential second bidding war with Netflix. Bloomberg's Dan Curtis has the background. Netflix put in a bid of $27.75 a share. That didn't include the TV business that would get spun off. Warner Brothers had a proposal on the table for $30 a share.
That was for the whole business. So the big question came down, how much was the TV business worth? And would that kind of close the difference between Netflix or Warner Brothers and what was the most important, which was the higher offer? Bloomberg's Dan Curtis reports Warner Brothers negotiated a waiver with Netflix to allow it to engage with Paramount for seven days about its latest offer.
That's after a Paramount banker said the studio would offer at least $31 a share if Warner agreed to reopen talks. Crypto exchange Gemini Space Station said three top executives have left the company in a leadership shakeup. The three are Chief Operating Officer Marshall Beard, Chief Financial Officer Dan Chen, and Chief Legal Officer Tyler Mead.
The cuts come on the heels of Gemini earlier this month announcing plans to cut as much as 25% of its workforce and wind down operations in the European Union, the UK, and Australia. The Trump administration is working to narrow its broad tariffs on steel and aluminum products that has confused companies and the European Union wanting reined in as part of its pending trade deal with the U.S.
That's according to a person familiar with the matter. President Trump last year imposing a 50 percent levy on foreign steel and aluminum in a measure aimed at Chinese overcapacity. but which also affected trading partners all across the globe.
A federal judge has ruled that Immigration and Customs Enforcement cannot re-detain Kilmar Abrego Garcia because a 90-day detention period has already expired, as well as the government not having a viable plan for deporting him. Abrego Garcia was mistakenly deported back to El Salvador last year, becoming a focal point on immigration issues.
The government has been attempting lately to deport him to an African country. New York City Mayor Zoran Mandani is proposing raising the city's property taxes for the first time in more than 20 years, while also raiding the city's reserve fund in an effort to fill a $5 billion budget gap. We check markets all day long here at Bloomberg. The Dow is currently essentially flat.
The S&P 500 is down about two-tenths of one percent, while the Nasdaq is up about a tenth of one percent. The yield on the 10-year is currently at 4.049, while the two-year is at 3.44%. Gold futures dropping below $4,900 an ounce amid weaker Asian demand after it surged above $5,000 on Friday, while Bitcoin is trading at just under $68,000.
Norway continuing to dominate the metal count at the Milan-Cortina Olympics with 30 total, the U.S. sitting in third place with 20 behind Italy as well. Norway also leading the gold tally with 13 total. The U.S. has won six gold. That's news when you want it with Bloomberg News Now. I'm Dan Schwartzman and this is Bloomberg. As a place to do business, the UK stands apart.
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Chapter 3: How did Jesse Jackson influence American politics?
As one of the world's leading financial centres, the UK puts over Ā£10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research. This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism.
Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth. Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made. And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now. And from London, I'm looking at what all that means for markets, money and the wider economy. We've got reporters across Europe and around the globe feeding in as stories break.
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Chapter 4: What updates are there on the Iran nuclear deal negotiations?
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