Stocks Open Higher, Pakistan Sees US-Iran Deal 'Close,' More

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Bloomberg News Now 6 min 8 speakers 7 chapters transcribed 1 month ago
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Why are U.S. stock indexes opening higher today?

Elise Hugh 0:00
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Nathan Hager 0:23
Ньюс When you want it with Bloomberg News Now I'm Nathan Hager. Tuesday morning trading is underway on Wall Street. That is the sound of the opening bell from the floor of the New York Stock Exchange. Stocks are a bit higher at the open. The SP 500 is up about a tenth of 1%, a gain of 10 points. The Dow Jones Industrial Average opens higher by about a tenth of a percent as well, a gain there of about 70 points. And the Nasdaq Composite opens in the green, leading the gain. Up about a quarter of 1% or 64 points. As we continue to track developments in the Middle East, Pakistan's defense minister tells Bloomberg the U.S.

How close are the U.S. and Iran to an agreement on the Strait of Hormuz?

Nathan Hager 1:03
and Iran are, quote, close to some sort of arrangement on the Strait of Hormuz. That's after President Trump raised the ante with new demands on Iran, including compensation for past attacks. We get more from Bloomberg's Patrick Sykes in Istanbul.
Patrick Sykes 1:17
We'd had Iran coming out uh in the past few days, basically frontloading all of its demands on things like sanctions, lifting, on compensation, uh and so on as a condition for the reopening of the Strait of Hormuz. That obviously hasn't gone down well in the US and Trump has tried to match it in kind
Nathan Hager 1:37
That's Bloomberg's Patrick Sykes in Istanbul. Meantime, the Wall Street Journal is reporting that the U.S. fired on a Panama flagged ship overnight that tried to evade its blockade of Iranian ports. An official tells the journal a U.S. military helicopter fired at the ship's rudder after the crew ignored warnings. There's no immediate word of casualties, but word of some positive developments between the U.S. and Iran has crude oil pulling back a bit. Right now, West Texas Intermediate.

What is the latest on the rescue effort after Colombia’s 7.4‑magnitude earthquake?

Nathan Hager 2:02
is down a half percent, trading close to eighty two dollars a barrel. Brent had been around ninety dollars in the pre market. It's now trading around eighty seven, a decline of three quarters of one percent. The search for survivors continues in western Colombia after yesterday's magnitude seven point four earthquake. The death toll is up to 181 and rising as rescuers race to find people trapped in the rubble. Colombians are turning to social media to find the missing. A website that was used during Venezuela's twin earthquakes back in June now lists more than thirty, three hundred unaccounted for in Colombia. Back in In this country, it's primary election day in six states. The debate over the Democratic Party's direction is playing out in two key races in Wisconsin and Minnesota.
Nathan Hager 2:48
Bloomberg Government's Rachel Schilke is watching from Washington.
Unknown 2:51
We've seen a lot of different candidates who are facing very progressive challenges and we've seen some of them succeed. So in Wisconsin, we have a self described democratic socialist who's the front runner for the nomination, going up against, you know, the governor's pick in Minnesota.

Which primary races are shaping the Democratic Party this week?

Unknown 3:05
We have Petig Flanagan going up against Representative Craig.
Nathan Hager 3:08
That's Bloomberg government's Rachel Shilke in the nation's capital. And this morning, the Justice Department says it will conduct election monitoring in that Minnesota race. It announced a similar move in last week's Michigan primary. Voters are also heading to the polls today in Connecticut and Vermont. Four House districts are holding special elections in Alabama, and ten Republicans are running to replace the late Senator Lindsey Graham on South Carolina's November ballot. And Arizona Democratic Governor. Katie Hobbs reportedly plans to name a former Republican as her running mate. NBC News is reporting Hobbs will name former Mesa Mayor John Giles as her lieutenant governor. Hobbs is in a competitive race against former House Freedom Caucus Chair Andy Biggs for governor in Arizona.

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