Bloomberg

The US was waiting on Iran's response to its latest proposal to end the war after suggesting word could come imminently, following clashes in the Strait of Hormuz that strained a month-long ceasefire. Bloomberg News Deputy UAE Bureau Chief Abeer Abu Omar and White House Correspondent Jeff Mason join David Gura and Christina Ruffini on Bloomberg This Weekend to discuss. Iran has still given no indication whether it will accept President Donald Trump's plan, sent on Wednesday, which proposes that the Islamic Republic reopen the waterway and the US end a blockade on Iranian ports over the next month. Tehran's response is "under review," Foreign Ministry Spokesman Esmail Baghaei told the semi-official Tasnim news agency, without giving a timeline. Trump told reporters at the White House late Friday he was still expecting a response "tonight." Asked if Iran was intentionally slow-rolling the process, he said "we'll find out soon enough."

The postponed Beijing summit between President Trump and China's President Xi is back on the agenda, delayed by a war in Iran that has reshaped the dynamic between the two leaders. After a tumultuous 2025 that saw tariff escalation and revealed critical mineral choke points, both sides are looking for stability, not a breakthrough. Myron Brilliant, who recently returned from Beijing, says China thinks it's cracked the code on Trump.

On "Balance of Power: Evening Edition," Bloomberg's Michael Shepard discusses a forthcoming executive order from the Trump administration aimed at addressing AI security concerns without imposing mandatory pre-release reviews of AI models by government agencies.

NBA Hall of Famer Shaquille O'Neal & Authentic Brands CEO Jamie Salter discuss the launch of 'Dunkman,' a new dunk league aiming to compete with the NBA dunk contest. They talk with Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Isabelle Lee, Carol Massar and Tim Stenovec.

Carlyle Head of Global Research & Investment Strategy Jason Thomas discusses expectations of enormous AI productivity gains moving forward, and why US valuations are much more attractive now. He talks with Romaine Bostick at the Milken Institute Global Conference in Beverly Hills, California.

Federal Reserve Bank of Chicago President Austan Goolsbee says he is less optimistic about disinflation progress and adds that there needs to be more clarity on where inflation is headed. He speaks with Mike McKee on Bloomberg Television.

Federal Reserve Bank of Chicago President Austan Goolsbee said it was a "pretty stable" month for job growth. He says inflation is the "topic of the moment" though for policymakers. He speaks to Bloomberg's Michael McKee.

Jerome Powell's term as Federal Reserve Chair ends on May 15, but he is not leaving completely. Powell says he'll stay on as a governor "for a period of time to be determined." President Donald Trump has been calling on him to leave for months and for being "too late" in cutting rates. Bloomberg looks at the legacy of Powell at the Fed.

Bloomberg News examines the major moves and turning points of Jerome Powell's tenure as Federal Reserve Chair.