US Team Met with Iranians, Trump Dismisses Calls for Global AI Regs, More

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What is the main topic discussed in this episode?

Barry Ritholtz 0:00
Hi, I'm Barry Rittholz, inviting you to join me for the Masters in Business podcast. Every week, we bring you conversations with the people who shape markets, investing, and business. I speak with CEOs, Nobel laureates, market innovators, and legendary investors. Whether you own stocks, bonds, real estate commodities, even crypto, these are discussions you absolutely need to hear. Subscribe to The Masters in Business Podcast on Apple, Spotify, or anywhere you listen.
Amy Morris 0:31
News when you want it with Bloomberg News Now, I'm Amy Morris.

What did President Trump say about the US official meeting with the Iranian delegation?

Amy Morris 0:34
President Trump says a US official met with the Iranian delegation for three hours today.
Unknown 0:43
why they wouldn't want to do and it's a greatness, potential greatness or Obliteration.
Amy Morris 0:50
Trump says another meeting is set for sometime in the near future. Now during his address to the UN General Assembly, President Trump dismissed calls for an international agreement to regulate artificial intelligence, saying the U.S.'s existing institutions can mitigate any risks.

How did Trump respond to calls for a global AI regulation at the UN General Assembly?

Donald Trump 1:11
for the artificial intelligence being spoken of so much now. Here and after officially called Superintelligence
Amy Morris 1:21
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 speech to call for greater regulation of AI to prevent a dystopian future of rampant corporate power and killer robots.
Unknown 1:43
with artificial agents going wrogue, And literal autonomous weapons going from science fiction to military reality.
Amy Morris 1:52
This was Antonio Gutierrez's final speech as leader of the UN anthropic CEO Dario Amadei and open AI chief Sam Altman plan to hold a virtual meeting with the UN Security Council tomorrow. President Trump also renewed threats against Cuba.

What warnings did UN Secretary‑General Guterres give about AI and autonomous weapons?

Donald Trump 2:08
My administration is also seeking a fundamental change in the situation in Cuba. where the communist regime is under great pressure. The biggest pressure they've ever been under. It's
Amy Morris 2:20
an absolutely failed Members of the Cuban delegation walked out of the General Assembly Chamber as the President made those remarks.
Amy Morris 2:41
Danish Prime Minister Meta Frederickson says the agreement is set to expand Washington's military role in Greenland. Although it will leave Greenland under Danish sovereignty. Saudi Arabia is in the early stages of restarting a key oil pipeline that has enabled Riyadh to bypass the Strait of Hormuz.

Why did Trump renew threats against Cuba and what was the Cuban delegation’s reaction?

Amy Morris 2:58
Early estimates had that pipeline reopening in three to five weeks. Bloomberg commodities strategist Mike McLean.
Mike McGlone 3:04
Technology has been moving so fast. Every time you hear something's going to take a few years, it usually takes months. When they say it's going to take a few months, it takes a few weeks. That's just the way things have changing. Now that's a short-term disruption. What we're seeing right now is a meeting between the world's largest energy producer, the US, and the world's largest any consum energy consumer, China. And both have a vested interest in energy prices going lower.
Amy Morris 3:26
Bloomberg Commodity Strategist Mike McGlone and crude oil is moving lower at this hour.

How are U.S. and Chinese energy policies influencing oil prices and market trends?

Amy Morris 3:31
WTI crude oil now less than $95 a barrel, and Brent Crude is less than $99 a barrel. We do check markets for you all day long here at Bloomberg. The S P 500 little changed on the upside. NASDAQ is four tenths of a percent higher. The Dow down three-tenths of a percent. The 10-year treasury yield at 4.95% and the two-year yield at 4.74%. Apple is developing a screenless health and fitness tracker similar to Whoop's device. It's part of an effort to rethink its smartwatch lineup. The company's been exploring the category for several months. It's now developing some prototypes. But it is in a preliminary phase. If Apple proceeds, the device likely won't debut before 2028. Boston Fed President Susan Collins says she supported last week's decision to raise interest rates and that the hike will help bring inflation back to the central bank's two percent target.
Amy Morris 4:32
Richmond Fed President Tom Barkin warned it could take time for inflationary shocks to back off.

What are the latest Federal Reserve statements on interest‑rate hikes and inflation outlook?

Amy Morris 4:38
There is a risk elevated pressures could become entrenched.

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