Swalwell, Gonzales Depart Congress, US-Iran Eye More Talks, More
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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.
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News when you want it with Bloomberg News Now. I'm Doug Krisner. California Democrat Eric Swalwell says he plans to resign his seat in Congress. Swalwell's resignation follows a report of him allegedly committing sexual assault on a former staffer. And a separate report cited four women who described Swalwell committing sexual misconduct. Now, Manhattan prosecutors had opened a criminal investigation into these allegations, which Swalwell denied. And on Monday, the House Ethics Committee announced it had started a separate probe. On Sunday, Swalwell abandoned his campaign for governor of California. Just weeks ago, he had been polling among the top Democrats to succeed Gavin Newsom. At the same time, Texas Republican Congressman Tony Gonzalez said that he plans to retire from the House on Tuesday.
Now, this announcement comes weeks after Gonzalez admitted to having an affair with a staff member who later killed herself. There was a growing bipartisan outcry in the House for Gonzalez to resign. President Trump's naval blockade of the Strait of Hormuz is underway. It cuts off vessels from transiting the vital waterway to and from Iranian ports and coastal areas. Now, this move came in response to failed negotiations over the weekend between the U.S. and Iran. Even so, today Trump said Iran still wants to make a deal. Here is Trump on what happened over the weekend.
It was over nuclear. Very similar. Yeah, very good. I guess you're listening. It's over the fact that they will never have a nuclear weapon. Iran, you're marking it down? Iran will not have a nuclear weapon. And we agreed to a lot of things, but they didn't agree to that. And I think they will agree to it. I'm almost sure of it. In fact, I am sure of it. If they don't agree, there's no deal. There'll never be a deal.
But now we are hearing the U.S. and Iran are in discussions about holding another round of face-to-face negotiations for a longer-term ceasefire. We are told the goal is to hold fresh talks before a two-week ceasefire announced on April 7th expires, with one idea being a return to Islamabad for a second round of negotiations. The stock market closed at session highs today after President Trump's remarks, with the S&P finishing up 1%. And with that gain, the S&P 500 has erased all its losses since the war in Iran began, just 30 trading days since the onset. Here's Max Wasserman, senior portfolio manager at Miramar Capital.
Every word the president says, the market makes a move, right? And it seems to want to discount any potential negativity. towards the positive uptrend. So to me, this market is basically discounting nothing negative and is extremely optimistic.
That is Max Wasserman of Miramar Capital speaking on the Bloomberg Businessweek Daily Podcast. The leaders of the International Energy Agency, the International Monetary Fund, and the World Bank met today in Washington, where they discussed responses to the impact of the war in the Middle East. Here is IMF Director Kristalina Georgieva.
we need to understand from the data of the International Energy Agency not only what is the size of the disequilibrium between supply and demand, but also what is happening in terms of infrastructure damage that even if the war is to stop today and the strait to open, would still have long-lasting impact.
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