Speaker 1: News when you wanted With Bloomberg News Now, I'm Monica Ricks.
Speaker 1: President Trump says he's canceled strikes on Iran after getting
Speaker 1: requests from Saudi Crown Prince Mohammed Ben Salmon and other
Speaker 1: Middle Eastern nations to hold off on attacks due to
Speaker 1: progress towards a deal. The President once again calling for
Speaker 1: the immediate and complete reopening of the Strait of Horror
Speaker 1: moves last night on True Social as well as an
Speaker 1: end to Iran's nuclear ambitions, after threatening to carry out
Speaker 1: fresh attacks as soon as this weekend. Now, Trump also
Speaker 1: said Israel had agreed to join him in the commitment.
Speaker 1: But we talked to Dan Williams, who covers the Middle
Speaker 1: East for Bloomberg, and he says Prime Minister Benjamin Netanyahu
Speaker 1: hasn't confirmed.
Speaker 2: That these raady Prime mins Senator was due to hold
Speaker 2: a weekly cabinet meeting. They generally are held on Sundays,
Speaker 2: and that's usually a tom he addresses the affairs of
Speaker 2: the day, and given that he just returned from Washington,
Speaker 2: traditionally this is when he would brief his ministers on
Speaker 2: what was achieved in that trip. That hasn't happened. He
Speaker 2: hasn't commented at all about this, nor about the President's
Speaker 2: surprise announcement on Friday that Hamas would disarm in the
Speaker 2: Gaza strip that's obviously linked to this iron crisis.
Speaker 1: Bloomberg's Dan Williams says Hamas has agreed to disarm as
Speaker 1: long as Israel withdraws from Gaza. This morning, major OPEK
Speaker 1: plus nations approved an increase to production quotas again for September,
Speaker 1: adding another one hundred and eighty eight thousand barrels a
Speaker 1: day next month. Amid the ongoing war in Iran. That
Speaker 1: increase is still symbolic, though, since supplies are still stuck
Speaker 1: in the Persian Gulf, and it may give Saudi Arabia
Speaker 1: more leeway to raise production once oil flows returned to normal,
Speaker 1: to help replenish the world's depleted stockpiles. Here at home.
Speaker 1: Terrifying moments at a crowded shopping center in Idaho yesterday
Speaker 1: where three people were killed in a mass shooting.
Speaker 3: I appear in the area of In and Out have
Speaker 3: report of a possible active shooting that.
Speaker 1: Sound courtesy of Broadcastify. Twin Falls. Police Chief Matthew Hicks
Speaker 1: says that shooting happened at a brand new in and out.
Speaker 3: We have hundreds of people that were in some way,
Speaker 3: shape or form in the area of this restaurant at
Speaker 3: the time that are being interviewed right now. The resources
Speaker 3: for all our agencies are completely on board.
Speaker 1: He says. They hope to id the shooter and find
Speaker 1: a motive in the coming days. In Washington's State, fast
Speaker 1: moving wildfires are now threatening thousands of homes in and
Speaker 1: around Spokane, where Mayor Lisa Brown gave this warning. The
Speaker 1: winds are volatile and so we need everyone to be
Speaker 1: on alert. About four thousand firefighters are now working stateside
Speaker 1: to put out those flames. The National Guard has also
Speaker 1: been deployed. Michigan is the latest state to announce cyber
Speaker 1: attacks on its water supply. State officials say nine of
Speaker 1: their systems were the target of attacks that intelligence officials
Speaker 1: are now blaming on Iran. They're operating safely, but the
Speaker 1: FBI is investigating. Earlier this week, Minnesota reported at least
Speaker 1: thirty of its water systems were also hacked. Hungary is
Speaker 1: set to shut down its only nuclear power plant for
Speaker 1: the first time as drought dries up the Danube River,
Speaker 1: which is needed to help cool down the plant's for
Speaker 1: reactors that's set to cut more than forty percent of
Speaker 1: the nation's electricity generation capacity and likely force the country
Speaker 1: to rely on more expensive imports. The White House says
Speaker 1: the Trump administration's shifting focus from deregulating to helping the
Speaker 1: private sector build physical infrastructure. Bloomberg's Amy Morris has more
Speaker 1: from Washington.
Speaker 4: White House officials tell Bloomberg the Trump administration has done
Speaker 4: enough deregulating that it can now concentrate more intensely on
Speaker 4: helping the private sector build factories, data centers, minds, and
Speaker 4: other physical infrastructure, and they want to get it done fast.
Speaker 4: A White House meeting showcase technologies that could help speed
Speaker 4: up the permitting process for construction projects. Environmentalists have raised
Speaker 4: concerns that faster permitting could lead to mistakes that harm
Speaker 4: the environment. In Washington, Amy Morris Bloomberg Radio.
Speaker 1: All eyes are on jobs, numbers and their impacts on
Speaker 1: Wall Street this week. Bloomberg's Andrew O'Day has a preview.
Speaker 3: The new month means several new reports tracking trends in
Speaker 3: US employment and unemployment, including two day's measure of job
Speaker 3: openings and labor turnover in June forecast to show a
Speaker 3: decline from May. Wednesday, paycheck Processor ADP will iss you
Speaker 3: its measure of July job creation in the private sector,
Speaker 3: then Friday the big one, the Labor Department's July Employment
Speaker 3: and Unemployment report. Economists expect construction, leisure, and hospitality cut jobs,
Speaker 3: as temporary hiring from the World Cup reversed, and all
Speaker 3: most economists that anticipate modest improvement in job creation from
Speaker 3: June's fifty seven thousand to as high as eighty three thousand.
Speaker 3: Andrew Rodanine Bloomberg.
Speaker 1: Radio earnings reporting season also continues this week, with SpaceX
Speaker 1: set to post its first earnings as a publicly traded
Speaker 1: company on Tuesday. We'll also hear from Paramount sky Dance
Speaker 1: and Warner Brothers Discovery this week. Amid uncertainty over the
Speaker 1: status of their pending one hundred and ten billion dollar merger.
Speaker 1: Paramount wants to go to trial in November to hash
Speaker 1: out a lawsuit from at least a dozen states seeking
Speaker 1: to block the deal. The LA Dodgers have acquired the
Speaker 1: biggest prize on the trade deadline market andnaving two time
Speaker 1: wres Cy Young Award winner Derek Scobel from the Detroit
Speaker 1: Tigers that defending World Series champs, are now in first
Speaker 1: place in the NL West and already the favorites for
Speaker 1: a three P. NASA says it's still tracking a drifting
Speaker 1: SpaceX rocket that's headed for a collision course with the
Speaker 1: Moon on Wednesday, after launching a pair of lunar landers
Speaker 1: more than a year ago. Scientists aren't too concerned, but
Speaker 1: say it highlights the amount of space junk crammed into orbit.
Speaker 4: Right now, I have something to tell you that's going
Speaker 4: to sound crazy.
Speaker 1: And Spider Man keeps swinging his way into the record books.
Speaker 1: First it was previews. Now we're learning brand new days
Speaker 1: at an all time first day high at the box
Speaker 1: office with one hundred and sixty eight million dollars in
Speaker 1: ticket sales. That puts Spidey on track to take down
Speaker 1: Avengers Endgame, which still holds the best opening weekend record
Speaker 1: of all time. And that's news when you want it
Speaker 1: with Bloomberg News. Now, I'm Monica Ricks, and this is
Speaker 1: Bloomberg