May 9, 2026: US Talks Iran with Qatar, Trump-Xi Talks Approach, More

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Previously titled “US Talks Iran with Qatar, Trump-Xi Talks Approach, More” — renamed by the publisher on Aug 2, 2026

Bloomberg News Now 8 min 9 speakers 3 chapters transcribed 4 months ago
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Stephen Carroll 0:00
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
Caroline Hepke 0:05
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
Stephen Carroll 0:10
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
Unknown 0:15
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
Stephen Carroll 0:21
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
Unknown 0:27
And from London, I'm looking at what all that means for markets, money and the wider economy.
Stephen Carroll 0:33
We've got reporters across Europe and around the globe feeding in as stories break.
Caroline Hepke 0:37
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Stephen Carroll 0:43
It's smart, calm and to the point.
Caroline Hepke 0:45
And it fits into your morning.
Stephen Carroll 0:46
You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.
Ed Kalecki 1:01
News when you want it with Bloomberg News Now. I'm Ed Kolegi. The U.S. was waiting on Iran's response to its latest proposal to end the war after suggesting word could come imminently following clashes in the Strait of Hormuz that strained a month-long ceasefire. Iran gave no public indication by late Saturday whether it would accept President Trump's plan sent on Wednesday, which proposes that the Islamic Republic reopen the waterway and the U.S. end a blockade on Iranian ports over the next month. The one-page proposal implies Iran's acceptance would end the 10-week war. Secretary of State Marco Rubio and Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani met Saturday, signaling that diplomacy remains active.
Ed Kalecki 1:43
Qatar has served as a regional mediator between the U.S. and Iran. Rubio and Al-Thani, who doubles as foreign minister, discussed U.S. support for Qatar's defense, as well as the importance of coordination to deter threats and promote stability and security across the Middle East. President Trump is scheduled to meet with his Chinese counterpart Xi Jinping in Beijing this week after postponing their summit due to the war in Iran. Former U.S. Ambassador to China Nick Burns weighs in on the talks.
Nick Burns 2:12
For both governments, for both leaders, this is the most important relationship they have, the U.S.-China relationship. And they have ambitions. for this year. They want to meet Xi Jinping, Donald Trump, two to three, even four times this year. And there's a lot to talk about. I think we'll see a big focus on trade, supply chain and the commercial relationship.
Ed Kalecki 2:33
Former U.S. Ambassador to China Nick Burns on Bloomberg this weekend. Treasury Secretary Scott Besson has said the war in Iran will also be a big focus since the conflicts affecting Chinese fuel shipments. Representative Ro Khanna also joined Bloomberg this weekend. He talked about what he expects and hopes from President Trump in the talks.
Tom Keen 2:52
He has a lot that he has to reverse. And we've had China hold us hostage on rare earths and critical minerals. I want a deal that actually helps American farmers, American shipbuilders, American manufacturers. And I hope he will work to get that. He hasn't so far.
Ed Kalecki 3:08
Democrat representative from California, Ro Khanna. Hungary has a new prime minister. Bloomberg's Monika Rix has details.
Monica Ricks 3:15
Peter Magyar has been sworn in as Hungary's new prime minister nearly a month after his landslide election win, ending Viktor Orban's 16-year rule. Minutes after taking that oath, Magyar called on the president to quit for not speaking up against Orban's regime, including his failure to investigate abuse and attacks against journalists and civil society. Magyar has vowed to tackle corruption and unlock frozen European Union funds to boost Hungary's economy. His government's expected to be installed early next week. Monica Ricks. Bloomberg Radio.
Ed Kalecki 3:50
Secretary of State Marco Rubio says the U.S. is imposing sanctions on 11 entities and three individuals based in Iran, China, Belarus and the United Arab Emirates for their involvement in Iran's efforts to acquire or use arms and related material.

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