Stocks Close Mixed, US Team Met with Iranians, More

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What is the main topic discussed in this episode?

Leila Fadel 0:00
Each morning, it's a new opportunity, a chance to start fresh. Up first from MPR makes each morning an opportunity to learn and to understand. Choose to join the world every morning with Up First, a podcast that hands you everything going on across the globe and down the street, all in 15 minutes or less. Start your day informed and anew with Up First by subscribing wherever you get your podcasts.
Amy Morris 0:24
News when you want it with Bloomberg News Now, I'm Amy Morris.

What were today’s closing stock market numbers and oil price movements?

Amy Morris 0:32
There's your closing bell for this Tuesday on Wall Street, where hopes for diplomatic efforts to end the war in Iran sent oil prices lower and left stocks near their all-time highs. We bring you the closing numbers each day here at Bloomberg.
Amy Morris 0:56
and the two year yield at four point seven three percent. President Trump says a US team met with the Iranian delegation for three hours today.

What did President Trump say about the US‑Iran meeting and its implications?

Donald Trump 1:09
It's to their advantage to make a deal. And we can do that.
Amy Morris 1:14
President Trump says Iran has a choice.
Donald Trump 1:21
why they wouldn't want to do and it's uh greatness, potential greatness or

How are world leaders addressing the risks of artificial intelligence?

Donald Trump 1:26
Obliteration.
Amy Morris 1:27
And President Trump says another meeting is scheduled for some time in the near future. Axios reports Iranian Foreign Minister Abbas Arachi attended along with U.S. envoys Jared Kushner and Steve Whitkoff. Crude oil is lower now, WTI crude oil at ninety-four dollars a barrel and Brent crude less than ninety-nine dollars a barrel.

What new stance did the Trump administration take on Cuba?

Amy Morris 1:52
Agreement. to regulate artificial intelligence, saying that the US's existing institutions can mitigate any risks.
Donald Trump 1:59
The United States also totally rejects any attempt to construct a globalist scheme to control for the artificial intelligence being spoken of so much now. Here and after officially called

What updates were provided on interest‑rate hikes and inflation outlook?

Donald Trump 2:13
Superintelligence
Amy Morris 2:15
world leaders and AI labs have warned that AI could pose a danger to humanity if not developed safely. Outgoing UN Secretary General Antonio Guterres used his speech to call for greater regulation of AI to prevent a dystopian future of rampant corporate power and killer robots.
Unknown 2:33
Humans are increasingly ending power to machines. with artificial agents going rogue, And literal autonomous weapons going from science fiction to military reality.

What investigations are being launched into the Trump family’s finances?

Amy Morris 2:45
This was Antonio Guterres's final speech as leader of the UN anthropic CEO Dario Amade and Open AI chief Sam Altman plan to hold a virtual meeting with the UN Security Council tomorrow. President Trump also renewed threats against Cuba.
Donald Trump 3:00
My administration is also seeking a fundamental change in the situation in Cuba. where the communist regime is under great pressure. The biggest pressure they've ever been under. It's an absolutely failed.
Amy Morris 3:16
Members of the Cuban delegation walked out of the General Assembly Chamber as the President made those remarks.
Amy Morris 3:40
Danish sovereignty. Apple is developing a screenless health and fitness tracker similar to Whoops device, part of an effort to rethink its smartwatch lineup. The company's been exploring the category for several months. Now it's developing prototypes.
Amy Morris 4:05
Says she supported last week's decision to raise interest rates and that the hike will help bring inflation back to the central bank's two percent target. She posted on LinkedIn that with the labor market on better footing, monetary policy can focus on a return to price stability. Collins does not vote on monetary policy this year. And Richmond Fed President Tom Barkin warned it could take time for inflationary shocks to ease, and there is a risk elevated pressures could become entrenched. He said last week's interest rate hike will help to slow inflation, although he stopped short of signaling whether additional tightening is needed. Vice President J.D. Vance says the Trump administration will take hundreds of thousands of people off Obamacare plans.
Amy Morris 5:03
Coverage, accusing them of being responsible for thousands of fraudulent enrollees. A Republican senator is calling for an investigation into the Trump family's financial dealings. John Curtis wants the Senate Judiciary Committee to examine how presidential relationships are used for private financial benefit, preferential treatment, or access by domestic and foreign interests, specifically noting Donald Trump Jr.'s lucrative crypto ventures.

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