Trump threatens new sanctions on Iran: Morning Brief

Monday, June 24, 2019

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

WHAT TO WATCH

After hitting record highs last week, the market will be put to the test this week.

Tensions have been running extremely hot between the U.S. and Iran, after a U.S. surveillance drone was shot down last week. President Donald Trump nearly waged a military strike before ultimately calling off the operation. Furthermore over the weekend, the Trump administration indicated that Iran could face new sanctions, but that the U.S. is prepared to negotiate with Iran without any preconditions. Oil prices continued to rise Monday morning amid the tensions.

Meanwhile, investors are anxiously awaiting the meeting between President Trump and Chinese President Xi Jinping at the G20 summit in Osaka, Japan at the end of the week. The two leaders are expected to hold an extended meeting to discuss trade.

Read more

TOP NEWS

China Telecom technicians test an equipment at the 5G network base station near Yellow River in Lanzhou, Gansu province, China May 16, 2019. Picture taken May 16, 2019. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.
China Telecom technicians test an equipment at the 5G network base station near Yellow River in Lanzhou, Gansu province, China May 16, 2019. Picture taken May 16, 2019. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.

U.S. reportedly explores requiring domestic 5G equipment to be made outside China: President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed and manufactured outside China, the Wall Street Journal reported. As part of a 150-day review that started after cybersecurity concerns in the United States, officials are asking telecom equipment makers if they can develop U.S.-bound hardware including cellular-tower electronics as well as routers and switches, and software outside of China. [Reuters]

Bitcoin is back above $10,000: The price of bitcoin (BTC-USD) continues to rally, as the cryptocurrency passed $10,000 per coin over the weekend. Bitcoin jumped above $10,000 early on Saturday morning and peaked at $11,135 around lunchtime UK time on Saturday. The price has since come off slightly but bitcoin is still trading above $10,000. [Yahoo Finance UK]

Eldorado agrees to buy Caesars for about $8.7 billion: Eldorado Resorts Inc. (ERI) agreed to buy Caesars Entertainment Corp. (CZR) for about $8.7 billion in cash and stock, according to a person familiar with the situation. The deal values Caesars at about $13 a share, according to the person, who asked not to be identified because the information isn’t public. Including assumed Caesars debt, the transaction would be valued at about $18 billion. [Bloomberg]

Goldman Sachs plans to disrupt banking: With its startup consumer bank Marcus, Goldman Sachs (GS) wants to disrupt banking the way Amazon (AMZN) disrupted retail and and Apple (APPL) upended music. Specifically, the 150-year old bank’s goal is to transform "the distribution and consumption experience of financial services," according to Harit Talwar, the head of global consumer business for Goldman Sachs. [Yahoo Finance]

MORE FROM YAHOO FINANCE

Canopy Growth may have just made its most ambitious claim yet — can it deliver?

'Quietest in 20 years': Truckers feel chill of slowing US economy

Point72's Granade: No need to fear the robots taking over hedge funds

A 'pretty simple' reason why there's no female big bank CEO: Krawcheck

Cleveland Cavalier's Kevin Love supports Mark Cuban 2020 presidential bid

To ensure delivery of the Morning Brief to your inbox, please add newsletter@yahoofinance.com to your safe sender list.

Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, SmartNews, LinkedIn, YouTube, and reddit.