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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Karen Moscow and I'm John Tucker.

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Speaker 3: Here are these stories we're following today.

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Speaker 2: Well, John, the fighting continues as the war enters day nineteen,

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Speaker 2: US and Israel are continuing their attacks on Iran. Well,

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Speaker 2: Iran is striking back on Israel, on Arab States and

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Speaker 2: the Persian Gulf. This comes as President Trump abandons his

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Speaker 2: efforts to recruit partners for the war. The President's school,

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Speaker 2: that is, NATO allies for their lack of military support

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Speaker 2: to reopen the Strait of Hormuz.

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Speaker 4: So I think NATO's making a very foolish mistake. And

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Speaker 4: I've long said that, you know, I wonder whether or

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Speaker 4: not NATO would ever be there for us. So this

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Speaker 4: is a this was a great test because we don't

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Speaker 4: need them, but they should have been there. The other

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Speaker 4: thing is, and I think, you know, very important, we

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Speaker 4: didn't have to be there for Ukraine.

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Speaker 2: And most countries showed little willingness to join the mission,

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Speaker 2: which military analysts say would be risky without a ceasefire.

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Speaker 2: Stuart Livingstone Wallace head to Bloomberg's Middle East coverage.

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Speaker 5: I mean, I think he's pulled back because he asked

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Speaker 5: and no one answered, you know best, you sort of

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Speaker 5: got non commissional responses and worse, he got flat refusals.

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Speaker 5: And I think, you know, part of that is twofold

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Speaker 5: number one, the people that he's called on to come help,

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Speaker 5: and largely from institutions like NASO that he's sort of

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Speaker 5: been quite disparaging about late, or it's been internationalized that

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Speaker 5: he's impost huge tariffs.

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Speaker 2: On and Bloomberg Stewart Livingstone Wallace says more than four

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Speaker 2: thousand people have died in.

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Speaker 3: The war and Israel has killed Ali Laura Johnny, RAN's

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Speaker 3: top security official, leaving the Islamic Regimes leadership increasingly filled

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Speaker 3: with hardliners. Laura Johnny was seen by foreign diplomats as

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Speaker 3: somebody who could be a conduit for talks in a

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Speaker 3: news conferences or It's Prime Minister Venua Manetyaho announced the

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Speaker 3: killing this morning.

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Speaker 6: We eliminated Ali Lara Johanni. He was the boss of

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Speaker 6: the Revolutionary Guards, which is the gang of gangsters that

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Speaker 6: runs around. We also eliminated the commander of the Besiege.

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Speaker 6: These are the gangster's assistants. He spread terror on the

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Speaker 6: streets against the.

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Speaker 3: Population Israel's Prime Minister nt Yaho, speaking through an interpreter.

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Speaker 3: Iran's military bound to avenge the killing of Lara Johnny Well.

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Speaker 2: John AT's top US counter terrorism official has resigned. Joe

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Speaker 2: Kent says he cannot in good conscience back the Trump

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Speaker 2: Administration's war. Ken said, I round post no imminent threat,

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Speaker 2: and he said the US started the war because of

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Speaker 2: pressure from Israel. And President Trump spoke about the resignation.

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Speaker 4: And I always thought he was a nice guy, but

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Speaker 4: I always thought he was weak on security, very weak

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Speaker 4: on security. I didn't know him well, but I thought

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Speaker 4: it seemed like a pretty nice guy. But when I

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Speaker 4: read a statement, I realized that it's a good thing

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Speaker 4: that he's out, because he said that Iran was not

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Speaker 4: a threat. Iran was a threat every country.

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Speaker 2: And thirteen months ago President trom praised Kent, former Green

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Speaker 2: Beret who was deployed in Iraq. He nominated him to

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Speaker 2: join the administration and.

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Speaker 3: Oil dropping this morning right now, Brent is down thirty

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Speaker 3: one cents at one oh three ten barrel. Iraq signed

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Speaker 3: a deal to resume exports through Turkey that avoid the

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Speaker 3: strait of hormones. Let's get more from Bloomberg Middle East

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Speaker 3: Energy reporter Anthony de Pollo.

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Speaker 7: In this situation, any additional supply is going to be helpful,

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Speaker 7: and so that will be added oil coming out of

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Speaker 7: the north of Iraq from some of its northern fields

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Speaker 7: as well as from the Kurdish region there. You know,

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Speaker 7: that's not going to be enough to redress the loss

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Speaker 7: of oil that we've seen because of the Strait of

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Speaker 7: Hormuz is closed.

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Speaker 3: And Bloomberg's Anthony de Paulo says Brent Crewd has rallied

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Speaker 3: almost seventy percent this year, with the bulk of that

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Speaker 3: search following the initial US and Israeli attack against late

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Speaker 3: last month.

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Speaker 2: Well John, on the backdrop of the war in the

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Speaker 2: Middle East, Federal Reserve officials make a policy decision today,

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Speaker 2: and we can a preview with the Bloomberg's Michael McKee.

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Speaker 8: What once was seen as a key FED meeting has

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Speaker 8: now been eclipsed by the Trump war on Iran. A

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Speaker 8: divided FED would have considered whether weak employment could justify

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Speaker 8: another rate cut. Instead, uncertainty about the impact of higher

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Speaker 8: oil and materials prices because of the war will certainly

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Speaker 8: keep the Central Bank sidelined. The real news will be

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Speaker 8: if the uncertainty leads to the FED dropping the possibility

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Speaker 8: of any rate cuts this year in their latest dot plot,

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Speaker 8: and whether FED Chair j Powell puts the emphasis on

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Speaker 8: unemployment or inflation in his post meeting news conference or

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Speaker 8: just says it's too uncertain to even guess. Michael McKee,

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Speaker 8: Bloomberg Radio.

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Speaker 3: All right, thanks, Mike. Let's turn to politics here in

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Speaker 3: the States and the primary elections in the state of Illinois.

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Speaker 3: The Lieutenant Governor Julianna Stratton is one Yesterday's Democratic primary

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Speaker 3: to run for Senator Dick Durbin's seat, following a heated

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Speaker 3: race with other members of her party, congress members Raja

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Speaker 3: Christna Moorthy and Robin Kelly.

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Speaker 4: Courage inspired me to run, Courage powered this campaign, and courage.

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Speaker 7: Will bring this fight straight to Donald Trump's dorm.

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Speaker 3: And With more than eighty percent of the balance count at,

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Speaker 3: Stratton received forty percent, while Christna Worthy took thirty three percent.

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Speaker 3: Kelly trailed with eighteen percent. Stratton advances to a November

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Speaker 3: general election against the Republican nominee Don Tracy, the former

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Speaker 3: state party chair. Durbin is retiring after forty years in Congress.

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Speaker 3: Twenty nine of them in the US.

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Speaker 2: Senate, well elsewhere in the stage on Jesse Jackson, junior,

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Speaker 2: son of the late civil rights leader, fell short in

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Speaker 2: his campaign to get re elected to Congress and a

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Speaker 2: race marked by heavy spending by both artificial intelligence and

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Speaker 2: pro Israel interest groups, but nearly seventy per cent of

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Speaker 2: the ballots counted in Illinois second Congressional District, Cook County

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Speaker 2: Commissioner Donna Miller had forty one percent of the vote

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Speaker 2: compared to twenty eight percent for Jackson.

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Speaker 3: And you know the news this morning, Karen oak Tree

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Speaker 3: Capital Management co founder Howard Marx's artificial intelligence is making

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Speaker 3: the world more unpredictable than ever before. I served right

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Speaker 3: here on Bloomberg Radio. Mark spoke with our at Lisa

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Speaker 3: Abramowitz at the Capital Markets Industry Conference in New York.

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Speaker 9: Well, I think most people are under estimating the impact

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Speaker 9: of AI. Roughly eighteen days ago, on a Friday, that

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Speaker 9: company called Block, which had ten thousand employees, announced that

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Speaker 9: four thousand them were out. Forty percent of the workforce

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Speaker 9: gone in one day because AI could do the work

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Speaker 9: cheaper and faster.

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Speaker 3: You can catch the full interview with oak Tree Capital

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Speaker 3: Management co founder Howard Marx at our new video experience

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Speaker 3: and the Bloomberg Business.

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Speaker 2: App and a programming note. Markets make loose on Friday,

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Speaker 2: but the world it doesn't, and that's why we are

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Speaker 2: bringing you a new live radio and TV s show.

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Speaker 2: Bloomberg This Weekend is looking beyond the daily headlines for

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Speaker 2: the bigger themes driving politics, business and culture. Joined David Gera,

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Speaker 2: Christina Raffini, and Lisa Matteo for smart conversations and in

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Speaker 2: depth interviews that help make sense of the week that's

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Speaker 2: been and what comes next. Get Bloomberg This Weekend live

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Speaker 2: Saturdays and Sundays from seven am Eastern on Bloomberg Radio,

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Speaker 2: TV and the Bloomberg Business Appry.

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Speaker 3: Thanks Karen, and that brings us to five the Way.

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Speaker 3: Time now for a look at some of the other

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Speaker 3: stories making news in New York and around the world.

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Speaker 3: For that, we're joined by Bloomberg's Michael Barr Michael, Good.

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Speaker 10: Morning, Good Morning John. Debate is underway on the Senate

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Speaker 10: floor on the Save America Act. The bill, a top

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Speaker 10: priority for President Trump, would require Americans to prove that

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Speaker 10: they are US citizens before they register to vote and

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Speaker 10: to show identification at the polls. Among other things. It's

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Speaker 10: something Republican Senator John Barrasso of Wyoming supports all.

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Speaker 3: These other things.

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Speaker 4: Photo ideas protect against voter fraud, and they prove illegal

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Speaker 4: immigrants from voting.

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Speaker 10: But Democrats say it will make it more difficult for

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Speaker 10: millions of Americans to vote. Senate Minority Leader Chuck Schumer

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Speaker 10: of New York says Democrats would not allow the bill

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Speaker 10: to pass the chamber. The Save Act is not about

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Speaker 10: voter identification, it's about voter suppression. This debate could last

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Speaker 10: at least a week. Changes are coming to airports large

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Speaker 10: and small amid the shortage of TSA workers. At Philadelphia Airport,

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Speaker 10: more terminals are being forced to close starting today. As

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Speaker 10: the partial government shut down drags on, several more security

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Speaker 10: checkpoints will be off limits temporarily. Jane Tidwell of the

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Speaker 10: Triple A.

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Speaker 11: It is frustrating, but get there early. We always stay

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Speaker 11: two hours before domestic flight, three hours before an international flight.

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Speaker 11: Now it's even more than that.

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Speaker 10: Antoinette Wade has been a TSA agent for eighteen years.

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Speaker 10: She says her husband is also an agent, so neither

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Speaker 10: of them are bringing home a paycheck right now.

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Speaker 2: It's just unreasonable to expect anybody to continue to go

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Speaker 2: to work for such long periods of time without receiving

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Speaker 2: any pay.

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Speaker 10: Other agents have taken on second jobs, some have called

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Speaker 10: out sick to work, and some have even quit. New

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Speaker 10: York City's congestion pricing toll is helping to boose subway ridership,

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Speaker 10: with more drivers taking the subways for work and discretionary travel.

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Speaker 10: That's according to the Transit Writers Group the Permanent Citizens'

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Speaker 10: Advisory Committee. The report for the MTA says ridership on

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Speaker 10: the subway system and reached one point twenty eight billion

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Speaker 10: last year. That's a seven point seven percent increase from

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Speaker 10: a year earlier. Global News twenty four hours a day

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Speaker 10: and whenever you want it with Bloomberg News Now. Michael

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Speaker 10: Barn this is Bloomberg.

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Speaker 12: Thanks Michael.

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Speaker 2: Time now for our Bloomberg Scores update, and for that

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Speaker 2: we bring in Dan Schwartzman.

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Speaker 12: Venezuela's fum the US three to two to win the

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Speaker 12: World Baseball Classic as Eugenio Suarez doubled off of Garrett

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Speaker 12: will Lock in the top of the ninth inning to

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Speaker 12: break a two wall tie and Water Rodriguez held. The

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Speaker 12: US had just one hit over four in the third innings.

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Speaker 12: March Mann is officially getting underway last night with the

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Speaker 12: first two first four matchups, as Howard got by UNBC

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Speaker 12: eighty six to eighty three, while Texas slip past NC

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Speaker 12: State sixty eight to sixty six. Tonight, Prairie View A

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Speaker 12: and M takes on Lehigh while SMU faces Miami of Ohio.

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Speaker 12: The WNBA and its players union have reached a verbal

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Speaker 12: agreement on the terms of a new collective bargaining agreement,

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Speaker 12: pending approval from the league's Board of Governors and players.

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Speaker 12: The deal is expected to greatly increase salaries with the

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Speaker 12: chance of legal see its first million dollar per year players.

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Speaker 12: That's your Bloomberg Sports update.

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Speaker 2: Stay with us more from Bloomberg Daybreak coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 2: Hey, good morning. I'm Karen Moscow alongside John Tucker. It

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Speaker 2: is now day nineteen of the War with Ern. T

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Speaker 2: Ihran is lashing out following the killing of one of

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Speaker 2: its top leaders, launching a fresh waves of missile and

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Speaker 2: drown attacks on Israel and Arab states in the Persian Gulf.

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Speaker 2: And this is President Trump says the US could end

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Speaker 2: the war with the Islamic Republic in the near future.

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Speaker 2: We want to get the very latest. We're bringing in

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Speaker 2: Patrick Sikes, Bloomberg's Middle East Breaking News editor. Patrick, good morning,

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Speaker 2: Thanks for being here. Why don't you start out by

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Speaker 2: bringing us up to date on this latest round of

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Speaker 2: attacks from Iran.

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Speaker 13: Yeah, we've just in the past few hours seen attacks

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Speaker 13: made or intercepted in Israel, the UAE, Saudi and q

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Speaker 13: eights And as you mentioned, the main development overnight was

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Speaker 13: the killing confirmation of the killing of Ali Lardie Johnny.

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Speaker 13: This was the top security official in Iran, the head

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Speaker 13: of the National Security Council. He was really important because

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Speaker 13: he was seen as a key figure that could balance

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Speaker 13: all parts of the Islamic Republic. You know from the

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Speaker 13: the so called principle is on the more extreme end

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Speaker 13: of the spectrum to those more pragmatic and who might

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Speaker 13: be more willing to speak to the US to de escalate.

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Speaker 13: So his removal from the scene in that Israeli attack,

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Speaker 13: I think it makes the chance of a Venezuela type

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Speaker 13: scenario even less likely.

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Speaker 2: Basically, yeah, it does. So what happens to the exit

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Speaker 2: strategy then, is the President being optimistic and saying, hey,

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Speaker 2: this could end soon. Yeah.

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Speaker 13: It feels that both sides are rhetorically at least trying

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Speaker 13: to lay the ground for a climb down, for an

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Speaker 13: off ramp. From Trump, we have statements like that that

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Speaker 13: the war's already won, that it was over in the

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Speaker 13: first twenty four hours. From Iran, we had an interesting

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Speaker 13: line the other day from the Foreign Minister staying that

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Speaker 13: he thinks that the US has learnt its lesson. That's

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Speaker 13: really important for Tehran because they basically want to make sure,

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Speaker 13: however this war ends, it's not in such a way

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Speaker 13: that it's going to be repeated in another six months,

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Speaker 13: because they've now had two rounds of talks that have

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Speaker 13: twice been torn up by the emergency of hostilities, first

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Speaker 13: in June and now in February. So, I mean, both

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Speaker 13: sides still definitely in the fight, but we do see

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Speaker 13: signs rhetorically at least of a search for an off ram.

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Speaker 2: Interestingly enough, we heard from an official at the UAE

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Speaker 2: saying that Iran is really miscalculating by firing upon Arab

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Speaker 2: states in the Gulf, and it's only going to drive

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Speaker 2: them closer to Israel and the US. Are we starting

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Speaker 2: to see more of a shift in dynamics, then.

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Speaker 13: I think that makes sense. Right for those GCC countries

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Speaker 13: in the Gulf, they had tried very hard to mend

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Speaker 13: ties with Iran, which had been very frosty in the

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Speaker 13: recent past, and that had paid dividends. You know, Israel

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Speaker 13: had emerged as had emerged as the bigger threat in

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Speaker 13: the eyes of many in the region, while Iran had

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Speaker 13: been weakened comparatively with these attacks on their energy infrastructure,

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Speaker 13: on civilian infrastructure, with the damage to that reputation of

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Speaker 13: safety that they've worked a long time to build and preserve.

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Speaker 13: All of that is at risk and it's definitely going

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Speaker 13: to make for a completely different dynamic. You know, however,

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Speaker 13: the war ends, because these countries are going to have

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Speaker 13: to remain neighbours with theyre on, but they'll want it

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Speaker 13: to end in such a way that they likewise don't

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Speaker 13: see this repeated in the next six months.

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Speaker 2: And of course there is the future of the Strait

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Speaker 2: of Hor moves with about thirty seconds so Speaker of

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Speaker 2: Arounz Parliament saying the Strait's not going to return to

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Speaker 2: its pre war status. So what's that going to mean

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Speaker 2: for the future.

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Speaker 13: Yeah, And interestingly linked to that, the Foreign ministers just

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Speaker 13: earlier today is said that he was calling for new

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Speaker 13: arrangements to govern transit after the war. So there's this

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Speaker 13: sense emerging from the Iranian side that even if there's

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Speaker 13: peace tomorrow, even if there's peace in a week, two weeks,

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Speaker 13: it's not going to be business as usual in terms

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Speaker 13: of transit was governed until the war. That it sounds

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Speaker 13: like Eran is still going to want to exert some

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Speaker 13: kind of control of which ships can come, when they

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Speaker 13: can come, and the pace of which they could come.

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