Trump Rejects Iran's Hormuz Offer as US Borrowing Costs, Oil Rise

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. Bonds and stocks dropped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, denting some of the optimism that lifted markets late last week. Oil rose and precious metals sold off. The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping. And Britain’s governing Labour Party gathers in Liverpool for its annual conference ahead of the budget next month. Today's guests: Martin Heydon, Irish, Agriculture Minister; Rain Newton-Smith, CBI, CEO. Chapters: 00:00:00 - Daybreak Europe 00:01:16 - Iran Tensions Boost Oil 00:03:14 - Iran Says Won’t Soften Demands as Trump Rejects Hormuz Offer 00:05:20 - Bonds Drop With Stocks as Iran Tensions Boost Oil 00:10:53 - US, China Release Goods Lists for $30B Tariff Deal 00:14:34 - Spotlight on European CPI Figures for September 00:17:38 - OpenAI Pauses Training Most Capable Model After Sandbox Escape 00:21:16 - How EU Data Center Labels Impact Hyeperscalers 00:24:04 - US and China's $30 Billion Tariff Deal 00:28:50 - Martin Heydon, Irish, Agriculture Minister 00:33:06 - Trump Says He’s ‘Very Seriously’ Looking at Diesel Export Ban 00:36:52 - Rain Newton-Smith, CBI, 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