US, Iran Teams Meet, Trump Rejects Push for Global AI Regs, More
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News when you want it with Bloomberg News Now I'm Amy Morris. President Trump says a US team met with Iranians earlier today saying that Iran has a choice.
In one case, it's obliteration. And the other alternative is potential greatness. It could be a great country.
Special Envoy Steve Whitkopf says the meeting went well. I feel very good right now.
How will you feel tomorrow? I think very good.
Trump says another meeting is scheduled for some time in the near future. President Trump used his speech before the UN General Assembly to push back against calls for an international agreement to regulate artificial intelligence.
We're going to keep it that way. We're going to keep it very Very straight and very strong. I'm not going to stifle growth of something that will be bigger than the Industrial Revolution. Many say bigger than the Industrial Revolution or the Internet itself.
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 final speech as leader of the UN to warn the assembly that global power is being reshaped in fundamental ways.
We are witnessing an extraordinary transfer of power away from governments to a handful of private corporations and individuals. Their reach now extends across politics, economies, information flows, technological development, and the civic space on which societies depend.
Guterres called for greater regulation of AI. Anthropic CEO Dario Amade and Open AI chief Sam Altman plan to hold a virtual meeting with the UN Security Council tomorrow.
Marco Rubio is handling a negotiation. He's deep into negotiations with Cuba. Let's see what happens. We'll not allow a haven for foreign adversaries to threaten America. On our
Own door.
What did President Trump say about the U.S. team meeting with Iran?
Members of the Cuban delegation walked out of the General Assembly Chamber as the President made those remarks. Trump also said the U.S. will start building two very major military bases in Greenland now that a security deal has been reached. Danish Prime Minister Meta Frederickson says the agreement is set to expand Washington's military role. It leaves Greenland under Danish sovereignty. And Fitness Tracker as part of an effort to rethink its smartwatch lineup and add new wearable technologies. The company's been exploring the category for several months and is now developing prototypes. Now this project is still in a preliminary phase, and if Apple proceeds with a release, the device likely won't debut before 2028.
Saudi Arabia is in the early stages of starting up a key oil pipeline that is enabled. enabled Riyadh to bypass the Strait of Hormuz after the conduit was halted earlier this month. Early estimates had that pipeline reopening in three to five weeks. Bloomberg commodity strategist Mike McLean.
We have a significant growing surplus in the US with Canada. We're approaching eight or almost nine million barrels a day of crude and liquid fuel surpluses for next year. At the same time we see rolling over and decreasing demand from the world's largest demand source, China. So this is all a setup I think for I think we've reached that high price cure.
Bloomberg Commodity Strategist Mike McLean, crude oil moving lower now, WTI crude oil at $94 a barrel, and Brent Crude just over $99 a barrel. We do check markets for you all day long here at Bloomberg. The S P five hundred is little changed on the upside. Nasdaq about a half percent higher, the Dow about three tenths of a percent lower. The ten year treasury yield at four point nine six percent, and the two year yield at four point.
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