CHINA'S STAR 50 INDEX DOWN OVER 2%

President Donald Trump said he is “not open” to concessions for Iran after receiving Tehran’s latest response in diplomatic talks, according to an interview with the New York Post. Trump said Iran knows “what’s going to be happening soon” but declined to provide details. He spoke after meeting with his national security team over the weekend as discussions on Iran continued. Trump also said Iran wants a deal “more than ever” and declined to comment on reports Tehran may be attempting to delay negotiations over the nuclear issue and the Strait of Hormuz.

A WHITE HOUSE OFFICIAL TELLS ME KEVIN WARSH WILL BE SWORN IN AS THE NEXT FED CHAIRMAN ON FRIDAY. THE CEREMONY WILL BE HOSTED BY PRESIDENT TRUMP AT THE WHITE HOUSE - FOX BIZ REPORTER