- US, Iran Discuss Phased Deal To Reopen Hormuz And End US Blockade
- Saudi Arabia Downs Houthi Missiles Targeting Kingdom, Officials Say
- Iran War Powers Measure Falls Short In Senate, Despite New GOP Support
- Trump Hails ‘Truly Great Friendship’ With Xi Jinping
- Xi Calls For ‘Healthy’ Competition Between China And US
- Trump Considers Allowing Chinese EV Production In US Amid Xi Talks
- Trump Admin. Presses China On Suspected Nuclear Tests In Secret Talks
- Fed’s Paulson Says Modest Further Rate Increases May Be Needed
- Fed's Hammack Warns Inflation Pressures Remain Tilted To Upside
- Fed’s Barkin: Inflation Became More Persistent This Summer – Baha
- BoE's Breeden: Increasingly Appropriate For Rates To Respond To Rising Infl.
- US Treasury To Buy Up To $6 Bln In 20-, 30-Year Buyback
- Big Business Warns Trump Against Diesel Export Ban In Joint Letter
- Oracle Cites ‘Force Majeure’ To Shield Itself On Controversial Data Centre
- White House Asks OpenAI, Anthropic To Hold New Models From UK
- US Seeks To Join Musk In Court Fight With EU Over X Fine
- PepsiCo To Raise Some Prices After Cuts Failed To Grow Sales
US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.
The strait has become the central bargaining chip in efforts to end the nearly seven-month US-Iran conflict, with Iran seeking relief from the US blockade that is choking its economy and Washington seeking free passage for ships on the global oil supply route now blocked by Tehran.
President Donald Trump on Thursday hailed the “truly great friendship” he has forged with Xi Jinping as the Chinese leader began his highly anticipated state visit by pressing for the world’s two biggest economies to work more closely together to avoid friction as they compete.
While Trump has many thorny issues to discuss with the president of America’s biggest economic rival, he focused on his long relationship with Xi as the two gathered with aides for opening remarks before formal talks.
“From the time of my first election in 2016, President Xi and I have forged a friendship, a truly great friendship, actually, built on mutual respect and the vital interests of our people,” Trump said.
The Senate rejected a resolution aimed at limiting President Trump's war powers in Iran on Thursday, though the Democrat-led effort picked up one new GOP supporter.
In a 49 to 50 vote, four Republicans — Sens. Susan Collins of Maine, Lisa Murkowski of Alaska, Rand Paul of Kentucky and Thom Tillis of North Carolina — joined Democrats in voting to advance the measure. Sen. John Fetterman of Pennsylvania was the sole Democrat to oppose.
The concurrent resolution would have directed the president to "remove the use of United States Armed Forces from hostilities against the Islamic Republic of Iran or any part of its government or military, including potential ground forces in a combat role or used for occupation, unless explicitly authorized by a declaration of war or specific authorization for use of military force against Iran."
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- US New Home Sales (M/M) Aug: 6.4% (est 1.3%; prev -10.5%; prev R -4.3%)
- US Initial Jobless Claims Sep 19: 197K (est 200K; prev 196K; prev R 198K)
- US Kansas City Fed Manufacturing Activity Sep: 14 (est 9; prev 10)
- US 30-Year Freddie Mac Fixed Rate Mortgages 24-Sept Wk: 7.03% (prev 6.95%)
- Canada Payroll Employment Change - SEPH Jul: 26.1K (prev 4.8K)
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- Canada CFIB Business Barometer Sep: 47.9 (prev 57.6; prev R 57.7)
- US, Iran Discuss Phased Deal To Reopen Hormuz, End US Blockade – RTRS Sources
- Yemeni Forces Say They Struck Sensitive Target In Riyadh, Aramco In Yanbu - Telegram
- Saudi Arabia Downs Houthi Missiles Targeting Kingdom, Officials Say – NY Times
- Israeli Official Says Chance Of US-Iran Deal Is Small – JPost
- 3 US-Seized Iranian Oil Tankers Head Across Atlantic Towards US – Roya
- Iran War Powers Measure Falls Short In Senate, Despite New GOP Support - CBS
- Trump Hails ‘Truly Great Friendship’ With Xi Jinping – AP
- Xi Calls For ‘Healthy’ Competition Between China And US – FT
- Xi Presses Trump To ‘Oppose’ Taiwan Independence During Summit - BBG
- Trump To Decide Shortly On New Taiwan Arms Package - NBC
- Trump Considers Allowing Chinese EV Production In US Amid Xi Talks – NBC
- Trump Admin. Presses China On Suspected Nuclear Tests In Confidential Talks – WSJ
- Fed’s Paulson Says Modest Further Rate Increases May Be Needed - BBG
- Fed's Hammack Warns Inflation Pressures Remain Tilted To Upside – RTRS
- Fed’s Barkin: Inflation Became More Persistent This Summer – Baha
- Lawmakers To Seek Senate Approval Of Permanent US Ban On Chinese Cars - LSE
- Canada’s Carney Says He Studied Risk Of US Invasion – POLITICO
- ECB’s Isabel Schnabel To Resign To Take Senior Role At IMF - ECB
- Knot Would Be Perfect Fit At ECB for Many Nations, Dutch PM Says - BBG
- SNB Eases Threat Of Franc Intervention As Rate Held At Zero – BBG
- Riksbank Holds Rates Steady, Signals Hikes This Year – Morningstar
- BoE's Breeden: Increasingly Appropriate For Rates To Respond To Rising Infl. – GBFR
- BoE's Dhingra: Winter Will Be Key For Judging UK Inflation Risks – RTRS
- MPs To Consider Whether BoE’s Remit Is ‘Fit For Purpose’ - FT
- Turkish President Says He Is Confident To Finally Get The F-35 Back – BFM
- Europe Needs 'Decisive Change' In Defence Efforts To Face Russia Threat, EU Agency Says – RTRS
- Banxico Holds Key Rate Steady At 6.5% As Price Pressures Persist - BBG
- Global Bond Rout Brings Highest US 30-Year Yield Since 2004 - BBG
- US Treasury To Buy Up To $6 Bln In 20-, 30-Year Buyback – MarketScreener
- JPY Struggles As Fed Rate Hike Bets Drive US Yields Higher – FXStreet
- GBP/USD - Consolidates Losses To Q3 Low – eFX
- Scotiabank On Euro: Decline Nears Support Zone Against US Dollar – FXStreet
- BofA: Month-End Fixing Points To JPY, GBP Outflows Vs EUR Inflows – eFX
- New York Sues Polymarket, Says It Ran Illegal Gambling Operation – RTRS
- JPM: Bitcoin Crossing $85k Production Cost Could Ease Miner Selling Pressure - Block
- UK’s Largest Banks Complete World’s First Interbank Transactions Using Tokenized Deposits – CoinDesk
- US Asks Refiners To Cut Diesel Exports To Ease High Prices - AP
- Big Business Warns Trump Against Diesel Export Ban In Joint Letter – CNBC
- India To Keep Up Diesel Exports As US Ban Prospect Roils Market - BBG
- Estimate Of 2026 Russian Oil Exports Raised By 7.5M Tonnes To 244.7M Tonnes - IFX
- Vitol Emerges As One Of Iraq's Top Crude Buyers, Sources Say - RTRS
- EIA: US Gas Inventories Up By 53 Billion Cubic Feet – Baha
- Oracle Cites ‘Force Majeure’ To Shield Itself On Controversial Data Centre - BBG
- Senators Move To Force AI Companies To Disclose More – Semafor
- White House Asks OpenAI, Anthropic To Hold New Models From UK – POLITICO
- US Seeks To Join Musk In Court Fight With EU Over X Fine – BBG
- Amazon To Expand Robot-Making Capacity With New, $100M Indiana Hub – WSJ
- PepsiCo To Raise Some Prices After Cuts Failed To Grow Sales - BBG
- BP Eyes Devon Energy Asset Amid Renewed US M&A Ambitions, Sources Say - RTRS
- Accel In Talks To Lead Modal Raise, Tripling Its Valuation To $15B – Axios
- Microsoft's CEO Puts Brad Smith In Charge Of Communications, Memo Shows – Insider
- Paramount Skydance Issuer Credit Rating Lowered To 'BB' From 'BB+' - S&P
- Renault To invest EUR600M In Spain By 2030 – Baha
- Dutch Premier Hopes To Prevent More US Export Curbs On ASML – BBG
- BNP Paribas Strikes Partnership With Google Cloud To Integrate AI Models - BBG
- Credit Agricole, UniCredit Have Floated Potential Joint Move On Banco BPM, Sources – RTRS