Iran Holds Firm on Hormuz, US-China Tariff Cuts Take Shape

Bloomberg Television1 hour ago50:06

Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal. The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, taking a step toward fulfilling a key outcome of last week’s summit between Donald Trump and Xi Jinping. SK Hynix shares fell as media reports of a potential listing of the chipmaker’s US subsidiary added to concerns over its complex ownership structure. Bloomberg confirmed over the weekend that Solidigm is considering a US initial public offering as soon as next year that could value the data-storage product maker at as much as $100 billion. Today's guests: Seema Shah, Principal Asset Management Chief Global Strategist; Robin Niblett, Chatham House Distinguished Fellow; Wes Streeting, UK Defence Secretary; Chris O'Shea, Centrica CEO -- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse 00:02:13 - Iran refuses to soften demands as Trump rejects Hormuz offer 00:05:37 - Seema Shah, Principal Asset Management Chief Global Strategist 00:18:55 - Japanese finance minister on Yen, government policies 00:22:12 - SK Hynix's solidigm is said to weigh US IPO as soon as 2007 00:25:11 - Monday headlines 00:26:38 - Robin Niblett, Chatham House Distinguished Fellow 00:32:06 - Wes Streeting, UK Defence Secretary 00:39:33 - Robin Niblett, Chatham House Distinguished Fellow 00:42:21 - Chris O'Shea, Centrica CEO -------- 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-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

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