Wall Street traders paced a rebound in stocks as an oil rally waned after Israel agreed to direct talks with Lebanon, bolstering expectations that a US ceasefire deal will hold. The US and Iran prepared for peace talks in Pakistan after agreeing on a two-week ceasefire, though issues such as Israel's offensive in Lebanon and the opening of Hormuz remain unresolved. Israeli Prime Minister Benjamin Netanyahu agreed to hold direct talks with Lebanon, with the focus on disarming Hezbollah. President Donald Trump has called him, asking for a scale-back in strikes to ensure the success of negotiations with Iran, NBC reported. Ed Fishman, Director of the Center for Geoeconomics, Council on Foreign Relations joins Bloomberg Businessweek Daily to discuss the economic impact on the globe.