Stocks Open Higher, Trump to Defend Iran War at UN, More
Summary
Markets opened higher as President Trump addressed the UN General Assembly, focusing on energy security and holding bilateral meetings with Ukraine and Venezuela. Oil prices fell on reports that Iran might reopen the Strait of Hormuz, while US-China trade talks centered on rare earth export controls ahead of a summit with Xi Jinping. In tech, Meta’s new AI agent, Muse, surged in popularity, boosting shares, and Alibaba announced a new AI chip to rival Nvidia. Additionally, Goldman Sachs is reportedly in talks to acquire Palmer Square Asset Management.
Topics discussed
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Bloomberg News intro and market open
Wall Street trading and UN General Assembly focus
Trump's UN speech and bilateral meetings
Ukraine-Russia conflict and energy attacks
Oil prices and Strait of Hormuz developments
US-China AI trade talks and rare earths
Xi Jinping visit and US targeting process changes
Senate investigation into Trump family finances
Meta's Muse AI agent and tech stock performance
Alibaba's new AI chip and data center plans
Goldman Sachs acquisition talks
Bloomberg News sign-off
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