Trump: US and Iran will certainly reach an agreement.

New York Fed President Williams said the shift to central clearing for U.S. Treasuries and repo‑collateralized transactions is progressing ahead of schedule. Market participants are expanding clearing infrastructure and moving activity from non‑cleared venues to cleared markets ahead of an upcoming deadline; eligible secondary‑market trades—including Treasuries, repos and reverse repos—will be required to clear through central counterparties. Williams reiterated the Fed is maintaining its ample‑reserves framework, which has been very effective at keeping market rates inside the Fed funds target range and supporting market functioning, and said the Fed remains committed to preserving resilience in the supply of bank reserves.

UN Secretary-General Guterres called for stronger international AI regulation and an agreement on safety safeguards to prevent a dystopian outcome of concentrated corporate power and the spread of 'killer robots'. He warned rapid advances in frontier AI models could undermine state sovereignty as power shifts from governments to a small number of private firms and individuals. Guterres flagged the AI and data‑center race as a central driver of this shift and said AI is evolving faster than our ability to grasp its full consequences. He urged governments with the most advanced AI capabilities to shoulder greater responsibility by establishing channels for dialogue, transparency, trust and cooperation.