Speaker 1: News when you want it. With Bloomberg News Now, I'm
Speaker 1: Monica Ricks. President Trump has ordered a new attack on
Speaker 1: Iran as soon as this weekend. That's according to the
Speaker 1: Wall Street Journal, which says the US is considering striking
Speaker 1: energy infrastructure, including oil refineries and power plants, which would
Speaker 1: mark a major escalation in this conflict. Trump talked about
Speaker 1: losing confidence in Iranian negotiators during a cabinet meeting at
Speaker 1: Camp David yesterday.
Speaker 2: Well, they did make me angry.
Speaker 3: You know, you just make me angry any other.
Speaker 4: Classie that you can reach a deal with Iran, Given
Speaker 4: that you talked about how loyal they are, I'm losing
Speaker 4: faith in them because.
Speaker 2: They do lie.
Speaker 1: Bloomberg's Stan Williams has the latest from Jerusalem Now and
Speaker 1: says Israel could also join at a moment's notice.
Speaker 3: These reports have emerged just a couple days after these ready.
Speaker 3: Prime Minister It's now returned from a much watched visit
Speaker 3: to Washington. There was some speculation at the outsets that
Speaker 3: spocks would fly between him and the US President Trump,
Speaker 3: given the quite public divisions over the course of the
Speaker 3: war in recent weeks and months. There was certainly no
Speaker 3: evidence of that during the meeting and we may discover
Speaker 3: if these weeks proved true that, if anything, they were
Speaker 3: there to decide jointly on the next course of action
Speaker 3: on the resumption of joint military action against the run.
Speaker 1: Dan Williams on Bloomberg this weekend, Trump also took issue
Speaker 1: with missile attacks that Iron launched earlier this week against
Speaker 1: US forces in Jordan that ended a multi day pause
Speaker 1: in fighting, though no American attacks were carried out overnight.
Speaker 1: Spanish Prime Minister Pedro Sanchez is facing pressure for his
Speaker 1: migration policy after thousands of migrants from Suta flooded and
Speaker 1: crossed the border into Morocco this week. Basior Dozens have
Speaker 1: now died, including some who drowned and others who were
Speaker 1: killed in a stampede to cross a breakwater barrier. Leaders
Speaker 1: have vowed to impose tougher border checks, but Sanchez has
Speaker 1: been criticized by other leaders, including the White House, who've
Speaker 1: linked the chaos to Spain's lacks migration laws. FIFA president
Speaker 1: Jiohnny Efantinos scrapping a controversial plan to sell a stake
Speaker 1: of the World Cup to outside investors after getting a
Speaker 1: ton of backlash this week Bloomberg's Ed Coleggi has details.
Speaker 4: The reversal comes after the governing regional football body for
Speaker 4: Europe vowed to boycott the World Cup entirely. Should FIFA
Speaker 4: push ahead with the plan, which sought to create an
Speaker 4: entity to house media riites, including those for the World Cup,
Speaker 4: Infantino sought to bring in as much as four point
Speaker 4: two billion dollars of outside capital, based on a twenty
Speaker 4: billion dollar valuation for that entity. Ed Kleggi Bloomberg Radio.
Speaker 1: The Justice Department is dropping its criminal case against former
Speaker 1: Olympia David Hearn after claiming he deliberately damaged the Lincoln Memorial,
Speaker 1: reflecting pool Government lawyers now say the damage was actually
Speaker 1: the result of a flawed installation by the contractor, which
Speaker 1: was rushed for the America two fifty celebration on July fourth.
Speaker 1: And it appears President Trump has not signed off yet
Speaker 1: on a plan to spend any of the money in
Speaker 1: his superpack for midterm. Bloomberg's Amy Morris has more on
Speaker 1: that from Washington.
Speaker 5: So far, the super pac, called Maga Inc. Holds about
Speaker 5: four hundred one million dollars, A Republican strategist tells Bloomberg
Speaker 5: that Trump's allies are worried he won't use the money
Speaker 5: to support vulnerable Republicans in House and Senate races, despite
Speaker 5: his team's public assertions that the super pac will provide
Speaker 5: a major boost for GOP candidates. So far, MAGA Inc.
Speaker 5: Has spent a little more than two million dollars on races,
Speaker 5: none of that money going to support Republicans in the midterms,
Speaker 5: and more money spent on operating expenses than on races
Speaker 5: in Washington. Amy Morris Bloomberg Radio.
Speaker 1: Paramount Skydance has asked a federal judge to hold a
Speaker 1: trial November fourth in a lawsuit by a group of
Speaker 1: states challenging its planned merger with Warner Brothers Discovery. States
Speaker 1: have said April's better, giving lawyers more time to gather
Speaker 1: evidence from the company, but a judge will ultimately decide
Speaker 1: and likely give substantial weight to potential costs and uncertainty
Speaker 1: for the companies involved. Chevron posted record second quarter results
Speaker 1: this week. Can expect those margins to remain elevated despite
Speaker 1: higher oil and gas prices over war driven supply disruptions.
Speaker 1: Cfo Emer Bonner talked to Bloomberg about its operating strategy.
Speaker 2: We have been in active discussions with the Iraqi Prime
Speaker 2: Minister and his teams on a number of options for
Speaker 2: the future. So this is something that we work well
Speaker 2: in advance. I mean, part of our business is that
Speaker 2: we produce four million barls of OID per day and
Speaker 2: we have to replace that. So we're in a depletion business,
Speaker 2: and so stacking options for the future competitive options is
Speaker 2: part of doing business.
Speaker 1: Chevron reaped almost five billion dollars in second quarter profit
Speaker 1: while pushing US refineries close to max capacity to satisfy demand.
Speaker 1: Big Tech is committing about two point four trillion dollars
Speaker 1: over the next few years on AI infrastructure. That includes Alphabet, Meta,
Speaker 1: Microsoft and Amazon, which have all increased commitments on leases, buildings, energy,
Speaker 1: and equipment to help build fleets of data centers. They've
Speaker 1: all cited a need to capture massive demand for AI
Speaker 1: computing power. Elon Musk has lost his trillionaire status following
Speaker 1: sharp sellofs this week in SpaceX and Tesla. The former
Speaker 1: trillionaire as he referred to himself on X, saw his
Speaker 1: net worth peek at one point three trillion on June sixteenth,
Speaker 1: just before SpaceX is Big IPO. It now stands at
Speaker 1: six hundred and eighty four billion on the Bloomberg Billionaire's Index.
Speaker 1: That's a more than six hundred billion dollar decline, which
Speaker 1: is still more than any other billionaire has ever been worth.
Speaker 5: Because I'm not just Peter Parker, I'm Spider.
Speaker 1: Man, and spider Man Brand New Day is already making
Speaker 1: box office history, scoring a record breaking seventy two million
Speaker 1: dollars in previews. The previous record holder was Avengers Endgame,
Speaker 1: which made sixty million back in twenty nineteen. That now
Speaker 1: puts spider on track for the biggest opening weekend of
Speaker 1: all time. And that's news when you want it with
Speaker 1: Bloomberg News. Now, I'm Monica Rix and this is Bloomberg