On Tuesday morning, in a series of posts celebrating the fragile ceasefire between Iran and Israel, Donald Trump touched on one of Iran’s most significant economic relationships, writing, “China can now continue to purchase oil from Iran.” Today on Big Take Asia, host Oanh Ha is joined by John Liu, who oversees Bloomberg’s China coverage from Beijing, to discuss what’s at stake for China in Iran and how the conflict could change China’s game plan — not just in the Middle East, but on the global stage. ----- ...

walk us through the thinking around this 2.1%. It's fascinating that Spain can say they can deliver the same capability targets that NATO wants for less of the spend. Where is that math coming from. Is NATO doing that 5% math wrong.Basically the uh main idea is very simple is that the necessary spending will come as a result of a fullyfledged analysis of the capabilities that are needed to or provide uh for the the the NATO uh defense on the threats that have been identified. There's been a complete analysi ...

Tonight we made history. In the words of Nelson Mandela, it always seems impossible until it is done. My friends, we have done it.I will be your Democratic nominee for the mayor of New York City. [Applause] [Music] An hour ago, I spoke with Andrew Cuomo about the need to bring this city about the need to bring this city together. We have won because New Yorkers have stood up for a city they can afford. ...

President Trump meets with the Dutch king ahead of the NATO summit ...

House and Senate Republicans from high-tax states remain at odds over limits on the state and local tax deduction despite a meeting with Treasury Secretary Scott Bessent to try to resolve differences. Suzanne Lynch reports on Bloomberg Television. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-th ...

Durable goods orders on a headline basis hasn't crossed yet, but ex transportation up half a percent. The capital goods orders not defense ex air, what we call core durables up 1.7% after falling 1.5% last month. So this is good news.Business is still spending. We will have to see what the breakdown is there. Here's jobless claims.They fall to 236,000 from 246,000 last month. Last week there were a lot of people who thought this may be a seasonal adjustment problem. That pushed claims up in recent weeks bec ...

Sam, this is the quote that the CEO gave to our Madison Muller saying there's just no way in hell we're going to cave on that, no matter who the pharma company is or what the partnership looks like. I mean, Sam, I'm curious to hear your perspective on the fact that, I mean, his and hers is trying to stand firm here and trying to continue to sell these cheaper weight loss shots. Yes.So obviously, that's the kind of surprise or not maybe. I mean, this is a cutthroat business. There's a lot of money at stake, ...

I want to start with this data and maybe we can spend some time on a palace intrigue later on. Jobless claims, initial claims lower than expected, continuing claims higher than expected and creeping higher over the past few months. From your vantage point, president title, how much weight would you put on one versus the other.And what's the labour market picture look like in your point of view, your opinion. Well, the labor market is shaping up to be solid and the data today confirmed that. Now, continuing ...

- Do you notice it cleared up for us. - You know, I had to call somebody to make that happen. - Oh yeah.You just call the stars, likes, clouds in he skies. I'll do this for you this one day, this year, but that's it. - But that's it.- So I, I said, you know, for you, I'll do it. - Well, for me it's like the way to get out later. You actually, - Oh, no, I, I was only promised two and a half hours, so, - Okay.So we have to get this done. We get this done properly within the right time, - Because otherwise the ...

President Donald Trump said he has three or four people in mind to succeed Federal Reserve Chair Jerome Powell when his term expires next year. “I know within three or four people,” Trump said Wednesday during a press conference at The Hague, where he is attending the NATO summit. “I mean he goes out pretty soon, fortunately, because I think he’s terrible.” Trump did not name his potential replacements for the central banker nor did he lay out a timeline for a decision. Powell’s term as chair ends in May 20 ...