Bloomberg

US Treasury Secretary Scott Bessent said, "the world cannot take a China with a trillion-dollar trade surplus," as he spoke Tuesday about the "slow motion buildup of trade imbalances" at an Institute of International Finance event.

European Central Bank President Christine Lagarde says the euro-zone economy has moved away from the central bank's Iran war base case, though not enough to currently warrant leaning toward raising interest rates. She speaks with Bloomberg's Francine Lacqua at the IMF's spring meetings.

Port of Los Angeles Director Gene Seroka says the impact of the Strait of Hormuz closure will be felt for months and he says costs will likely be passed on to consumers. He speaks on "Bloomberg Surveillance."

Senator Tim Scott says a confirmation hearing for Kevin Warsh, President Donald Trump's nominee for Federal Reserve chair, will be held next week. Punchbowl reports it will take place on April 21. This morning, JPMorgan CEO Jamie Dimon said Warsh "would be a great candidate." Bloomberg's Dani Burger reports.

US wholesale prices rose by less than expected in March, as the producer price index increased 0.5% after a revised 0.5% rise in February. Michael McKee reports on Bloomberg Television.

Citigroup traders pushed the bank to its highest quarterly revenue in a decade, with the fixed-income unit generating $5.2 billion of revenue in the first quarter. Dani Burger reports on Bloomberg Television.

French Finance Minister Roland Lescure discusses the Iran war, energy markets and the economy. Lescure will join the International Monetary Fund meetings in Washington this week as policymakers discuss the fallout from from the oil shock triggered by the conflict in the Middle East. He speaks on Bloomberg Television.

Wells Fargo reported net interest income for the first quarter that was up from a year earlier but missed the average analyst estimate. Dani Burger reports on Bloomberg Television.

Lucid has announced former head of Schindler Holding, Silvio Napoli, as its latest CEO alongside $750 million of new investment capital from Uber and Saudi Arabia's Public Investment Fund. He speaks with Ed Ludlow on "Bloomberg Tech."

JPMorgan Chase pulled in $11.6 billion in trading revenue in the first quarter, up 20% from a year earlier. Record stock-trading results boosted the total past the firm's previous record by almost $2 billion. Dani Burger reports on Bloomberg Television.