The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. The decline pushed most Treasury yields higher by nearly 10 basis points by noon in New York, with those on 10-year bonds climbing to a fresh 19-year high. Meantime, Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November.
On today's episode:
Patrick Murphy, Executive Director at Hilco Global Geopolitical Unit, former Acting Secretary of the Army & US Congressman
Bob Chapek, former Disney CEO
Rebecca Walser, Founder & CIO at Walser Wealth Management
Ed Ludlow, 'Bloomberg Tech' Host (Source: Bloomberg)
Andy Burnham will pitch for honest political debate as the antidote to populism, as he reveals his plans for taking on thorny issues at his party’s annual conference.
The selloff in the US bond market deepened on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, dampening hopes of a diplomatic breakthrough to end the war. We get reaction from Bloomberg's Ira Jersey. Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter. Iran and the US made little progress during talks in New York on the sidelines of the United Nations General Assembly last week and the Islamic Republic believes there’s a high chance of the conflict escalating after the November 3rd vote. We speak with former Under Secretary of the US Army, Patrick Murphy. Plus - former Disney CEO Bob Chapek joins for an extended conversation on his book 'Behind the Castle Walls.' (Source: Bloomberg)
Senate Republican Leader John Thune said taxpayers shouldn’t be footing the bill for video advertisements lauding President Donald Trump that the administration has called “presidential public service announcements.”
With Midterms a little over a month away, more data is coming forward showing if and by how much of a 'blue wave' will take place on election day. Erin Covey, editor at the Cook Political Report, said she expects Democrats to win control of the House and that "Republican enthusiasm is still quite low." (Source: Bloomberg)
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump Administration. On today's show, Beacon Global Strategies Managing Director Michael Allen, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and The Cook Political Reporter US House of Representatives Editor Erin Covey. (Source: Bloomberg)
NEC Director Kevin Hassett expects GDP growth to be around 4% and he says the biggest contributor is the productivity boom. He speaks to Wall Street Week's David Westin an ECNY Harvard Club luncheon. (Source: Bloomberg)
Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen the Strait of Hormuz before US midterm elections in November, according to people familiar with the matter.
Fiona MacDonald, Salma El Wardany, Alex Wickham and Samy Adghirni
Prime Minister Giorgia Meloni’s candidate won a special vote in the Calabria region for a seat in Italy’s parliament, comfortably beating the far-right National Future, which contested its first election.
UK Prime Minister Andy Burnham will set out details for how he plans to fund proposed reforms of care for the elderly in his Labour Party conference speech on Tuesday.
Home Secretary Shabana Mahmood hinted that the government is rethinking some of the most controversial elements of her immigration reforms, as Prime Minister Andy Burnham attempts to defuse simmering tensions over the plans within his party.
Representative Alexandria Ocasio-Cortez’s policy prescriptions were familiar: establishing health care for all, abolishing ICE, and banning data centers.
President Donald Trump criticized the release on bail of five men held over an alleged terror plot against a Royal Air Force base used by the US for strikes against Iran, as British police continue to investigate foreign links to the incident.
Prime Minister Andy Burnham’s government is looking at ways to curb soaring UK spending on benefits, including tighter welfare eligibility rules for young people, potentially reopening a debate that sped the downfall of his predecessor.
Andy Burnham has shown little patience for one of Britain’s oldest political traditions: debating whether the prime minister will call an early election.
