WEBVTT - Trump Orders New Iran Attack, Spain Border Chaos, FIFA Backlash, More

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<v Speaker 1>News when you want it. With Bloomberg News Now, I'm

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<v Speaker 1>Monica Ricks. President Trump has ordered a new attack on

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<v Speaker 1>Iran as soon as this weekend. That's according to the

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<v Speaker 1>Wall Street Journal, which says the US is considering striking

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<v Speaker 1>energy infrastructure, including oil refineries and power plants, which would

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<v Speaker 1>mark a major escalation in this conflict. Trump talked about

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<v Speaker 1>losing confidence in Iranian negotiators during a cabinet meeting at

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<v Speaker 1>Camp David yesterday.

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<v Speaker 2>Well, they did make me angry.

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<v Speaker 3>You know, you just make me angry any other.

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<v Speaker 4>Classie that you can reach a deal with Iran, Given

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<v Speaker 4>that you talked about how loyal they are, I'm losing

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<v Speaker 4>faith in them because.

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<v Speaker 2>They do lie.

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<v Speaker 1>Bloomberg's Stan Williams has the latest from Jerusalem Now and

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<v Speaker 1>says Israel could also join at a moment's notice.

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<v Speaker 3>These reports have emerged just a couple days after these ready.

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<v Speaker 3>Prime Minister It's now returned from a much watched visit

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<v Speaker 3>to Washington. There was some speculation at the outsets that

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<v Speaker 3>spocks would fly between him and the US President Trump,

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<v Speaker 3>given the quite public divisions over the course of the

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<v Speaker 3>war in recent weeks and months. There was certainly no

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<v Speaker 3>evidence of that during the meeting and we may discover

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<v Speaker 3>if these weeks proved true that, if anything, they were

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<v Speaker 3>there to decide jointly on the next course of action

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<v Speaker 3>on the resumption of joint military action against the run.

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<v Speaker 1>Dan Williams on Bloomberg this weekend, Trump also took issue

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<v Speaker 1>with missile attacks that Iron launched earlier this week against

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<v Speaker 1>US forces in Jordan that ended a multi day pause

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<v Speaker 1>in fighting, though no American attacks were carried out overnight.

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<v Speaker 1>Spanish Prime Minister Pedro Sanchez is facing pressure for his

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<v Speaker 1>migration policy after thousands of migrants from Suta flooded and

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<v Speaker 1>crossed the border into Morocco this week. Basior Dozens have

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<v Speaker 1>now died, including some who drowned and others who were

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<v Speaker 1>killed in a stampede to cross a breakwater barrier. Leaders

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<v Speaker 1>have vowed to impose tougher border checks, but Sanchez has

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<v Speaker 1>been criticized by other leaders, including the White House, who've

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<v Speaker 1>linked the chaos to Spain's lacks migration laws. FIFA president

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<v Speaker 1>Jiohnny Efantinos scrapping a controversial plan to sell a stake

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<v Speaker 1>of the World Cup to outside investors after getting a

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<v Speaker 1>ton of backlash this week Bloomberg's Ed Coleggi has details.

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<v Speaker 4>The reversal comes after the governing regional football body for

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<v Speaker 4>Europe vowed to boycott the World Cup entirely. Should FIFA

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<v Speaker 4>push ahead with the plan, which sought to create an

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<v Speaker 4>entity to house media riites, including those for the World Cup,

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<v Speaker 4>Infantino sought to bring in as much as four point

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<v Speaker 4>two billion dollars of outside capital, based on a twenty

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<v Speaker 4>billion dollar valuation for that entity. Ed Kleggi Bloomberg Radio.

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<v Speaker 1>The Justice Department is dropping its criminal case against former

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<v Speaker 1>Olympia David Hearn after claiming he deliberately damaged the Lincoln Memorial,

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<v Speaker 1>reflecting pool Government lawyers now say the damage was actually

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<v Speaker 1>the result of a flawed installation by the contractor, which

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<v Speaker 1>was rushed for the America two fifty celebration on July fourth.

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<v Speaker 1>And it appears President Trump has not signed off yet

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<v Speaker 1>on a plan to spend any of the money in

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<v Speaker 1>his superpack for midterm. Bloomberg's Amy Morris has more on

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<v Speaker 1>that from Washington.

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<v Speaker 5>So far, the super pac, called Maga Inc. Holds about

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<v Speaker 5>four hundred one million dollars, A Republican strategist tells Bloomberg

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<v Speaker 5>that Trump's allies are worried he won't use the money

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<v Speaker 5>to support vulnerable Republicans in House and Senate races, despite

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<v Speaker 5>his team's public assertions that the super pac will provide

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<v Speaker 5>a major boost for GOP candidates. So far, MAGA Inc.

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<v Speaker 5>Has spent a little more than two million dollars on races,

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<v Speaker 5>none of that money going to support Republicans in the midterms,

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<v Speaker 5>and more money spent on operating expenses than on races

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<v Speaker 5>in Washington. Amy Morris Bloomberg Radio.

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<v Speaker 1>Paramount Skydance has asked a federal judge to hold a

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<v Speaker 1>trial November fourth in a lawsuit by a group of

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<v Speaker 1>states challenging its planned merger with Warner Brothers Discovery. States

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<v Speaker 1>have said April's better, giving lawyers more time to gather

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<v Speaker 1>evidence from the company, but a judge will ultimately decide

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<v Speaker 1>and likely give substantial weight to potential costs and uncertainty

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<v Speaker 1>for the companies involved. Chevron posted record second quarter results

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<v Speaker 1>this week. Can expect those margins to remain elevated despite

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<v Speaker 1>higher oil and gas prices over war driven supply disruptions.

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<v Speaker 1>Cfo Emer Bonner talked to Bloomberg about its operating strategy.

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<v Speaker 2>We have been in active discussions with the Iraqi Prime

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<v Speaker 2>Minister and his teams on a number of options for

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<v Speaker 2>the future. So this is something that we work well

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<v Speaker 2>in advance. I mean, part of our business is that

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<v Speaker 2>we produce four million barls of OID per day and

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<v Speaker 2>we have to replace that. So we're in a depletion business,

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<v Speaker 2>and so stacking options for the future competitive options is

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<v Speaker 2>part of doing business.

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<v Speaker 1>Chevron reaped almost five billion dollars in second quarter profit

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<v Speaker 1>while pushing US refineries close to max capacity to satisfy demand.

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<v Speaker 1>Big Tech is committing about two point four trillion dollars

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<v Speaker 1>over the next few years on AI infrastructure. That includes Alphabet, Meta,

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<v Speaker 1>Microsoft and Amazon, which have all increased commitments on leases, buildings, energy,

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<v Speaker 1>and equipment to help build fleets of data centers. They've

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<v Speaker 1>all cited a need to capture massive demand for AI

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<v Speaker 1>computing power. Elon Musk has lost his trillionaire status following

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<v Speaker 1>sharp sellofs this week in SpaceX and Tesla. The former

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<v Speaker 1>trillionaire as he referred to himself on X, saw his

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<v Speaker 1>net worth peek at one point three trillion on June sixteenth,

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<v Speaker 1>just before SpaceX is Big IPO. It now stands at

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<v Speaker 1>six hundred and eighty four billion on the Bloomberg Billionaire's Index.

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<v Speaker 1>That's a more than six hundred billion dollar decline, which

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<v Speaker 1>is still more than any other billionaire has ever been worth.

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<v Speaker 5>Because I'm not just Peter Parker, I'm Spider.

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<v Speaker 1>Man, and spider Man Brand New Day is already making

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<v Speaker 1>box office history, scoring a record breaking seventy two million

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<v Speaker 1>dollars in previews. The previous record holder was Avengers Endgame,

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<v Speaker 1>which made sixty million back in twenty nineteen. That now

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<v Speaker 1>puts spider on track for the biggest opening weekend of

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

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