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Chapter 1: What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager. Vice President J.D. Vance is headed for high stakes talks to end the war with Iran with a warning.
If the Iranians are willing to negotiate in good faith, we're certainly willing to extend the open hand.
Chapter 2: What are the latest developments in US-Iran negotiations?
If they're going to try to play us, then they're going to find that the negotiating team.
Vice President Vance spoke to reporters before boarding Air Force Two ahead of tomorrow's talks in Pakistan. Bloomberg's Tyler Kendall has more from Washington.
Just the fact that the negotiations are happening and getting off the ground is considered to be a success, at least at this moment, after we saw that potential roadblock yesterday over Israel's front. in Lebanon. The thing is, there are just still such big differences between the two sides, as the vice president here is saying that President Trump has given them clear guidelines.
President Trump has previously outlined that the U.S. wants to see no Iranian nuclear enrichment in a potential deal and that the U.S. would be able to extract already enriched materials.
Bloomberg's Tyler Kendall in the nation's capital. For its part, Iran is demanding a truce in Lebanon and release of frozen assets before talks begin. Iran's parliament speaker made those demands ahead of his arrival in Islamabad. Pakistani officials say they still expect the Iranian delegation to come in tonight.
Bloomberg's Dan Williams reports the status of the Strait of Hormuz will be key to the discussions.
Everything flows from that. If you'll pardon the metaphor, that is really where the U.S. and much of the West and much of the world is. is watching to see whether energy traffic is freed up. And if that is successfully freed up, perhaps as a result of the talks tomorrow, we may see other elements of the deal coming together very quickly.
Bloomberg's Dan Williams reporting from Jerusalem. Right now, markets are mixed ahead of the talks. The S&P 500 is up about a quarter of 1%. The Dow Jones Industrial Average is down a quarter of 1%. The Nasdaq Composite's higher by 0.8%. The 10-year Treasury yield is up about two basis points, close to 4.30%. And crude oil prices are notching up a bit.
Brent crude's up about 0.3% at about $96 a barrel. West Texas Intermediate's higher by nearly 1% at close to $99. Consumer sentiment is at a record low on the University of Michigan's index. Its preliminary number for April is down more than 6.5 points to 47.6, while year-out inflation expectations are up a full percentage point to 4.8%. Joanne Hsu is director of Michigan's Consumer Surveys.
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