Trump Revives Iran Deal Hopes, Meta AI Rattles 'Consumer Inertia Trade'

US President Donald Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp hours after he threatened to “annihilate” the country’s ruling regime. Shares of major banks, insurers and online travel agencies slid on Tuesday on investor fear that tools like Meta's personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists. The upper house of Switzerland’s parliament voted for a compromise plan on UBS's capital requirements that largely replicates the government’s demands, in a setback for the bank. Today's guests: Holger Schmieding, Berenberg Chief Economist; Anna Matveeva, King's College London Visiting Senior Research Fellow; Peter Voser, ABB Chairman -- "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 with Francine Lacqua 00:00:25 - Trump threatens Iran annihilation 00:03:20 - Oil heads for longest losing run in more than a year 00:04:43 - Holger Schmieding, Berenberg Chief Economist 00:12:23 - Poland hopes to finalize plans for US base 00:16:17 - Zelenskyy: Ready for truce if Russia halts energy strikes 00:17:08 - Anna Matveeva, King's College London Visiting Senior Research Fellow 00:23:24 - Wednesday headlines 00:23:59 - UK PMI shows growth cools over budget worries and energy shock 00:28:52 - Nasdaq hits record high with big tech driving gains 00:33:02 - Peter Voser, ABB Chairman 00:40:36 - UBS suffers setback as lawmakers vote in favor for higher capital rule 00:44:44 - Xi set to arrive in the US for state visit on Wednesday -------- 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