WEBVTT - Trump Calls Off Iran Attack, OPEC+ Boosts Oil Production, More

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<v Speaker 1>News when you wanted With Bloomberg News Now, I'm Monica Ricks.

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<v Speaker 1>President Trump says he's canceled strikes on Iran after getting

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<v Speaker 1>requests from Saudi Crown Prince Mohammed Ben Salmon and other

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<v Speaker 1>Middle Eastern nations to hold off on attacks due to

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<v Speaker 1>progress towards a deal. The President once again calling for

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<v Speaker 1>the immediate and complete reopening of the Strait of Horror

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<v Speaker 1>moves last night on True Social as well as an

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<v Speaker 1>end to Iran's nuclear ambitions, after threatening to carry out

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<v Speaker 1>fresh attacks as soon as this weekend. Now, Trump also

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<v Speaker 1>said Israel had agreed to join him in the commitment.

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<v Speaker 1>But we talked to Dan Williams, who covers the Middle

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<v Speaker 1>East for Bloomberg, and he says Prime Minister Benjamin Netanyahu

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<v Speaker 1>hasn't confirmed.

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<v Speaker 2>That these raady Prime mins Senator was due to hold

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<v Speaker 2>a weekly cabinet meeting. They generally are held on Sundays,

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<v Speaker 2>and that's usually a tom he addresses the affairs of

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<v Speaker 2>the day, and given that he just returned from Washington,

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<v Speaker 2>traditionally this is when he would brief his ministers on

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<v Speaker 2>what was achieved in that trip. That hasn't happened. He

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<v Speaker 2>hasn't commented at all about this, nor about the President's

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<v Speaker 2>surprise announcement on Friday that Hamas would disarm in the

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<v Speaker 2>Gaza strip that's obviously linked to this iron crisis.

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<v Speaker 1>Bloomberg's Dan Williams says Hamas has agreed to disarm as

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<v Speaker 1>long as Israel withdraws from Gaza. This morning, major OPEK

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<v Speaker 1>plus nations approved an increase to production quotas again for September,

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<v Speaker 1>adding another one hundred and eighty eight thousand barrels a

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<v Speaker 1>day next month. Amid the ongoing war in Iran. That

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<v Speaker 1>increase is still symbolic, though, since supplies are still stuck

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<v Speaker 1>in the Persian Gulf, and it may give Saudi Arabia

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<v Speaker 1>more leeway to raise production once oil flows returned to normal,

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<v Speaker 1>to help replenish the world's depleted stockpiles. Here at home.

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<v Speaker 1>Terrifying moments at a crowded shopping center in Idaho yesterday

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<v Speaker 1>where three people were killed in a mass shooting.

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<v Speaker 3>I appear in the area of In and Out have

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<v Speaker 3>report of a possible active shooting that.

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<v Speaker 1>Sound courtesy of Broadcastify. Twin Falls. Police Chief Matthew Hicks

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<v Speaker 1>says that shooting happened at a brand new in and out.

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<v Speaker 3>We have hundreds of people that were in some way,

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<v Speaker 3>shape or form in the area of this restaurant at

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<v Speaker 3>the time that are being interviewed right now. The resources

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<v Speaker 3>for all our agencies are completely on board.

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<v Speaker 1>He says. They hope to id the shooter and find

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<v Speaker 1>a motive in the coming days. In Washington's State, fast

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<v Speaker 1>moving wildfires are now threatening thousands of homes in and

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<v Speaker 1>around Spokane, where Mayor Lisa Brown gave this warning. The

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<v Speaker 1>winds are volatile and so we need everyone to be

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<v Speaker 1>on alert. About four thousand firefighters are now working stateside

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<v Speaker 1>to put out those flames. The National Guard has also

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<v Speaker 1>been deployed. Michigan is the latest state to announce cyber

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<v Speaker 1>attacks on its water supply. State officials say nine of

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<v Speaker 1>their systems were the target of attacks that intelligence officials

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<v Speaker 1>are now blaming on Iran. They're operating safely, but the

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<v Speaker 1>FBI is investigating. Earlier this week, Minnesota reported at least

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<v Speaker 1>thirty of its water systems were also hacked. Hungary is

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<v Speaker 1>set to shut down its only nuclear power plant for

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<v Speaker 1>the first time as drought dries up the Danube River,

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<v Speaker 1>which is needed to help cool down the plant's for

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<v Speaker 1>reactors that's set to cut more than forty percent of

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<v Speaker 1>the nation's electricity generation capacity and likely force the country

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<v Speaker 1>to rely on more expensive imports. The White House says

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<v Speaker 1>the Trump administration's shifting focus from deregulating to helping the

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<v Speaker 1>private sector build physical infrastructure. Bloomberg's Amy Morris has more

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<v Speaker 1>from Washington.

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<v Speaker 4>White House officials tell Bloomberg the Trump administration has done

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<v Speaker 4>enough deregulating that it can now concentrate more intensely on

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<v Speaker 4>helping the private sector build factories, data centers, minds, and

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<v Speaker 4>other physical infrastructure, and they want to get it done fast.

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<v Speaker 4>A White House meeting showcase technologies that could help speed

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<v Speaker 4>up the permitting process for construction projects. Environmentalists have raised

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<v Speaker 4>concerns that faster permitting could lead to mistakes that harm

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<v Speaker 4>the environment. In Washington, Amy Morris Bloomberg Radio.

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<v Speaker 1>All eyes are on jobs, numbers and their impacts on

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<v Speaker 1>Wall Street this week. Bloomberg's Andrew O'Day has a preview.

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<v Speaker 3>The new month means several new reports tracking trends in

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<v Speaker 3>US employment and unemployment, including two day's measure of job

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<v Speaker 3>openings and labor turnover in June forecast to show a

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<v Speaker 3>decline from May. Wednesday, paycheck Processor ADP will iss you

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<v Speaker 3>its measure of July job creation in the private sector,

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<v Speaker 3>then Friday the big one, the Labor Department's July Employment

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<v Speaker 3>and Unemployment report. Economists expect construction, leisure, and hospitality cut jobs,

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<v Speaker 3>as temporary hiring from the World Cup reversed, and all

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<v Speaker 3>most economists that anticipate modest improvement in job creation from

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<v Speaker 3>June's fifty seven thousand to as high as eighty three thousand.

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<v Speaker 3>Andrew Rodanine Bloomberg.

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<v Speaker 1>Radio earnings reporting season also continues this week, with SpaceX

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<v Speaker 1>set to post its first earnings as a publicly traded

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<v Speaker 1>company on Tuesday. We'll also hear from Paramount sky Dance

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<v Speaker 1>and Warner Brothers Discovery this week. Amid uncertainty over the

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<v Speaker 1>status of their pending one hundred and ten billion dollar merger.

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<v Speaker 1>Paramount wants to go to trial in November to hash

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<v Speaker 1>out a lawsuit from at least a dozen states seeking

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<v Speaker 1>to block the deal. The LA Dodgers have acquired the

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<v Speaker 1>biggest prize on the trade deadline market andnaving two time

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<v Speaker 1>wres Cy Young Award winner Derek Scobel from the Detroit

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<v Speaker 1>Tigers that defending World Series champs, are now in first

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<v Speaker 1>place in the NL West and already the favorites for

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<v Speaker 1>a three P. NASA says it's still tracking a drifting

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<v Speaker 1>SpaceX rocket that's headed for a collision course with the

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<v Speaker 1>Moon on Wednesday, after launching a pair of lunar landers

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<v Speaker 1>more than a year ago. Scientists aren't too concerned, but

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<v Speaker 1>say it highlights the amount of space junk crammed into orbit.

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<v Speaker 4>Right now, I have something to tell you that's going

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<v Speaker 4>to sound crazy.

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<v Speaker 1>And Spider Man keeps swinging his way into the record books.

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<v Speaker 1>First it was previews. Now we're learning brand new days

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<v Speaker 1>at an all time first day high at the box

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<v Speaker 1>office with one hundred and sixty eight million dollars in

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<v Speaker 1>ticket sales. That puts Spidey on track to take down

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<v Speaker 1>Avengers Endgame, which still holds the best opening weekend record

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<v Speaker 1>of all time. And that's news when you want it

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<v Speaker 1>with Bloomberg News. Now, I'm Monica Ricks, and this is

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<v Speaker 1>Bloomberg