Pakistan Says US and Iran 'Close,' Dem Divide in WI and MN, More
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What new diplomatic stance are the U.S. and Iran taking according to Pakistan’s foreign minister?
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News when you want it with Bloomberg News Now. I'm Nathan Hager. They're close to some sort of arrangement. That is what Pakistan's foreign minister is telling Bloomberg News about the U.S. and Iran over the Strait of Hormuz. That's as President Trump raised the stakes with new demands for payment from Tehran over past attacks. We get the latest from Bloomberg's Stuart Livingston Wallace in Dubai. It is a change of tone. And what's surprising here is that over the weekend, It felt like the president was being more conciliatory, you know, and trying to dial things back and sort of giving, certainly giving diplomacy a chance. And then obviously these comments on reparations, somewhat more aggressive. That's Bloomberg's Stuart Livingston Wallace reporting. Meanwhile, the Wall Street Journal says the U.S. fired on a Panama flagged ship overnight after it attempted to run the U.S. blockade on Iran's ports and the crew ignored warnings. There's no immediate word of casualties.
The latest positive signs between the U.S. and Iran have crude oil wavering now. Brent is little changed at $87.76 a barrel. West Texas Intermediates trading around $82, also little changed. Stocks are wavering as well. The S&P 500 and the Dow Jones Industrial Average are both up about a tenth of 1% right now. The Nasdaq Composite is little changed to the downside. The 10-year Treasury yield is down about two basis points to 4.68%.
How are the Democratic primaries shaping up in Wisconsin and Minnesota?
in Colombia. The death toll is up to at least 181 from the magnitude 7-4 earthquake that struck the country's coffee-growing region yesterday. That number is expected to rise as rescuers search for people trapped in the rubble of collapsed buildings. Colombia's new president, Abelardo de la Espriella, posted on X he will travel to his country's coffee region today. The midterm debate over the direction of the Democratic Party heads deeper into the Midwest today with primaries in Wisconsin and Minnesota. Bloomberg's Tyler Kendall has more from Washington. We're watching very closely this Democratic primary for Wisconsin's gubernatorial race and whether or not.
This shows momentum for Democratic socialists is either stalling or boosted. The candidate there is Francesca Hong. Though she has failed to secure the endorsement of prominent progressives in the party, like Senator Bernie Sanders, amid reported concerns about her viability as a candidate in the general election. We're also seeing progressive versus moderate candidates play out in the Democratic primary for the open U.S. Senate seat in Minnesota, further shedding light on this conversation.
That's Bloomberg's Tyler Kendall in the nation's capital. President Trump has just made an endorsement in the Minnesota governor's race. He posted on Truth Social, Mike Lindell deserves a big win. The MyPillow founder and 2020 election skeptic is facing two other prominent Republicans in that race for governor in Minnesota. Voters are also headed to polls today in Connecticut and Vermont. Four House districts are holding special elections in Alabama.
What are the latest market reactions to Intel’s $20 billion share sale and housing data?
and 10 Republicans are running today to replace the late Senator Lindsey Graham on South Carolina's November ballot. Turning to markets now, we just got a fresh look at the housing market from the National Association of Realtors. Bloomberg's Michael McKee reports it's good news, bad news in the July numbers. Existing home sales coming in ahead of forecasts, up by 4,060,000 on an annual basis, but that's down because last month was revised higher to 4,130,000.
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Chapters
4 chapters
1
What new diplomatic stance are the U.S. and Iran taking according to Pakistan’s foreign minister?
0:01–1:49
2
How are the Democratic primaries shaping up in Wisconsin and Minnesota?
1:49–3:18
3
What are the latest market reactions to Intel’s $20 billion share sale and housing data?
3:18–4:47
4
Why are investors concerned about Intel’s ability to compete with Nvidia and AMD?
4:47–6:26
Speakers
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