Bessent, He to Meet for US-China Talks, Hormuz Shipments, More
Summary
Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng are in New York to lay groundwork for a September 24 summit with President Trump, focusing on trade, AI, and energy disruptions from the Iran war. Meanwhile, the Fed is expected to raise rates again this year amid persistent inflation driven by high energy costs, while the Justice Department considers joining a state-led antitrust suit against BlackRock and State Street. Other stories include a massive Ukrainian drone attack on Russia, Trump’s appointment of an AI czar, and Ed Sheeran addressing tour controversies after ope…
Topics discussed
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Bloomberg News intro and US-China trade talks
US-China summit agenda and tariff truce
Strait of Hormuz oil shipments and tanker costs
Ukraine drone attack on Moscow refinery
Trump names AI czar amid safety concerns
Upcoming Fed officials' speeches and economic data
Jim Bianco on Fed rate hike and inflation
DOJ considers joining antitrust suit against BlackRock
Midwest storm cancellations and Ed Sheeran rally
Ed Sheeran addresses Macklemore tour controversy
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Optum healthcare benefits and data technology
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