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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Lisa Matteo. Here are the

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Speaker 3: top stories we're following today, Lisa.

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Speaker 4: These major moves and global markets come after Israel launched

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Speaker 4: waves of air strikes against Iran's nuclear program overnight. The

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Speaker 4: operation targeted Iran's nuclear scientists and generals, killing a number

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Speaker 4: of high ranking military officials. Israeli Prime Minister Benjamin Natanyahu

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Speaker 4: announced the strikes in an overnight message.

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Speaker 5: Israel will never allow those who call for our annihilation

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Speaker 5: to develop the means to achieve that goal. Tonight, Israel

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Speaker 5: backs those words with action. We struck at the heart

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Speaker 5: of Iran's nuclear enrichment program. We struck at the heart

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Speaker 5: of Iran's nuclear weaponization program. We targeted Iran's main enrichment

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Speaker 5: facility in Natan's We targeted Iran's leading nuclear scientists work

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Speaker 5: on the Iranian bomb. We also structed the heart of

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Speaker 5: Iran's ballistic missile program.

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Speaker 4: The country's Defense Minister, Israel Katz, said he's declaring a

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Speaker 4: state of emergency after what he described as a preemptive

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Speaker 4: strike against Iran.

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Speaker 3: Well, Nathan now comes the response from Iran Israel says

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Speaker 3: Iran launched over one hundred drones toward Israel and that

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Speaker 3: their air defense systems are responding. In a televised address,

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Speaker 3: Iran's Armed Force spokesperson said Israel and the US will

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Speaker 3: receive a quote harsh blow to Iran. University professor Muhammad

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Speaker 3: Mirandi says Iran has no other option.

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Speaker 6: The only way forward is to make sure that this

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Speaker 6: Raeli regime regrets attacking Iran. Iranians and infrastructure that is

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Speaker 6: legitimate and which is monitored regularly.

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Speaker 3: Professor Muhammed Morandi at Tehran University and Iranian state media

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Speaker 3: say the strikes killed the head of Iran's Revolutionary Guard

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Speaker 3: Corps and the military's chief of staff. At least two

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Speaker 3: other senior Revolutionary Guard Corps officials.

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Speaker 2: We're also killed.

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Speaker 4: And hours before the attack, Lisa. President Trump said he

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Speaker 4: hoped Israel would not strike Iran.

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Speaker 7: Well, I don't want to say eminent, but it looks

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Speaker 7: like it's something that could very well happen. Look, it's

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Speaker 7: very simple, not complicated. Iran cannot have a nuclear weapon.

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Speaker 7: Other than that, I want them to be successful. I

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Speaker 7: want them to be Trum will help them be successful.

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Speaker 7: We'll trade with them. We'll do whatever is necessary.

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Speaker 2: The President Trump's words appear to have gone unheeded.

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Speaker 4: Secretary of State Marco Rubio put out a statement after

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Speaker 4: the attack saying the US was not involved and warned

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Speaker 4: Iran not to retaliate against American interest in the region. Later,

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Speaker 4: President Trump told Fox News he was not surprised at

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Speaker 4: the attack and said he had spoken with Prime Minister

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Speaker 4: Natanyahu several times in recent days. It's his reaction around

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Speaker 4: the world pours into the escalation Lisa. Former NATO Supreme

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Speaker 4: Allied Commander in Europe Wesley Clark says Israel forced America's hand.

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Speaker 8: President Trump does not want a war, he said that,

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Speaker 8: but also he does not want on Iran to have

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Speaker 8: nuclear weapon. So I think Prime Minster Mill who has

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Speaker 8: taken the decision away from President Trump at this point.

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Speaker 4: Retired General Wesley Clark spoke to Bloomberg overnight. These Israeli

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Speaker 4: strikes come after the US ordered some staff to leave

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Speaker 4: its embassy in Baghdad and authorized families of military service

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Speaker 4: members to move out of the Middle East.

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Speaker 3: Only then we saw immediate major moves in the markets

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Speaker 3: following the attacks. At one point, oil surge thirteen percent.

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Speaker 3: Right now Brenkrud at seventy three dollars a barrel, up

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Speaker 3: about four percent. Defense stocks on the move this morning.

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Speaker 3: Shares of Lockeed Martin are up four percent, while North

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Speaker 3: Grumman are up two percent. Oil related stocks also rising.

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Speaker 3: We have Halliburton, Kinego, Phillips, and Schlumberger are at least

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Speaker 3: up four percent.

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Speaker 4: Well, We'll continue to monitor the situation in the Middle East,

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Speaker 4: of course, Lisa, But let's move now to the latest

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Speaker 4: on the anti deportation protests in Los Angeles. The situation

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Speaker 4: does appear calmer now after three nights of curfews in

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Speaker 4: the downtown area where demonstrators had been clashing with police.

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Speaker 4: Last night, California Governor Gavin Newsom touted a legal victory

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Speaker 4: and his fight with President Trump overt National Guard deployments

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Speaker 4: in the city.

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Speaker 9: Courts have ruled on the Guard. They will be back

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Speaker 9: under my command and he'll be relieved. Donald Trump were

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Speaker 9: believed of his command at noon tomorrow.

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Speaker 4: On that comment from Governor Gavin Newsom may have come

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Speaker 4: too soon, though, a federal appeals court put the judge's

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Speaker 4: order on hold, allowing the Trump administration to continue using

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Speaker 4: the military to deal with the protests. Another hearing on

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Speaker 4: the case is now set for Tuesday.

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Speaker 8: Well.

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Speaker 3: Meantime, in India, investigators are searching the site of yesterday's

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Speaker 3: deadly Air India plane crash. Prime Minister Nerenda Mody Well

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Speaker 3: he met with the loan surviving passenger of the crash

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Speaker 3: that killed two hundred and forty one people on board

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Speaker 3: and several people on the ground. The London bound Boeing

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Speaker 3: seven eighty seven struck medical College hostels when it fell

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Speaker 3: into a residential area in northwestern India just minutes after takeoff.

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Speaker 3: Here is Air India CEO Campbell Wilson.

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Speaker 10: I would like to experience our deep sorrow about this event.

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Speaker 10: This is a difficult day for all of US India

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Speaker 10: and if it's now focused entirely on the needs of passengers,

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Speaker 10: crew members, their families and loved ones.

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Speaker 3: Air India CEO Campbell Wilson. Local media say at least

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Speaker 3: one of Boeing's Dreamliners black boxes had been found. It's

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Speaker 3: unclear whether that black box is a flight data or

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Speaker 3: cockpit voice recorder.

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Speaker 4: Well back here in the US, Lisa local politics are

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Speaker 4: front and center in New York City once again, the

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Speaker 4: race for mayor is heating up, and last night, the

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Speaker 4: Democratic candidates held their second and final debate ahead of

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Speaker 4: this month's primary. Bloomberg's John Tucker's here at the round up.

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Speaker 11: Good morning, John, Good morning Nathan. The thirty three year

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Speaker 11: old socialist state as semulman Johan Mamdani has become one

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Speaker 11: of the top contenders in the race. He also found

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Speaker 11: himself the target of jabs from former Governor Andrew Cuomo.

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Speaker 10: I'm not mister Mandani, I'm not anti Semitic, I'm not divisive.

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Speaker 6: I didn't say that would boycott Israel.

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Speaker 11: Mumdani tried to knock Quomo off his perch atop the polls.

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Speaker 12: Millions of dollars in funding from the very billionaires who

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Speaker 12: put Donald Trump back into office.

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Speaker 11: And then City Controller Brent Lander took this shot against Cuomo.

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Speaker 12: Everybody here knows that you sexually harassed women.

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Speaker 11: Cuomo, who's in the midst of a political comeback after

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Speaker 11: resigning as governor over a sanxual harassment scandal, has long

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Speaker 11: been the favorite the city's Democratic mayoral primary June twenty fourth,

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Speaker 11: because in some ways narrowed into a contest between Cuomo

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Speaker 11: and Mom Danny. The winner of the Democratic primary is

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Speaker 11: going to face off in November against incumbent mayor Eric Adams,

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Speaker 11: who's opted to run as an independent. And in the

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Speaker 11: interest of disclosure, Michael Bloomberg, founder and majority owner of

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Speaker 11: Bloomberg LP, has endorsed CUOMO. I'm John Tucker, Bloomberg Radio.

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Speaker 3: All right, thank you, John. Let'stener back to the markets now.

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Speaker 3: With a focus on tech. The CEO of Advanced micro

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Speaker 3: Devices says its latest AI processors can top and vidios.

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Speaker 3: At a company event yesterday in California, Lisa Sue said

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Speaker 3: the new installments in AMD's MY three fifty chip series

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Speaker 3: are faster than Nvidia counterparts and also represent major gains

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Speaker 3: over earlier versions. She expects the AI market to surpass

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Speaker 3: five hundred billion dollars in the next three years. AMD's

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Speaker 3: MI I four hundred series comes out next year.

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Speaker 4: Yeah, and sticking with the AI theme, Lisa. Meta Platforms

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Speaker 4: has finalized it's fourteen point three billion dollar investment in

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Speaker 4: Scale AI and has recruited the startup.

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Speaker 2: CEO.

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Speaker 4: Scale's Alexander Wang will join Meta's super intelligence unit we

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Speaker 4: told you about earlier this week, focused on building AI

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Speaker 4: that performs as well as humans. Wang will also remain

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Speaker 4: a board member at Scale. This is all part of

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Speaker 4: Meta CEO Mark Zuckerberg's efforts to make AI a top priority.

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Speaker 4: He's earmarked tens of billions of dollars for artificial intelligence

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Speaker 4: related infrastructure and hiring.

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Speaker 3: Now for a look at some of the other stories

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Speaker 3: making news in New York and around the world. For that,

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Speaker 3: we're joined by Bloomberg's Michael bar Good morning, Michael, Good.

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Speaker 13: Morning, Lisa. The judge in Harvey Weinstein sex crimes reed

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Speaker 13: trial declared a mistrial on the remaining charge after the

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Speaker 13: jury four person declined to deliberate again. The jury found

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Speaker 13: the former movie mogul guilty of one criminal sex act,

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Speaker 13: but not guilty on another. Manhattan District Attorney Alvin Brag

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Speaker 13: says his office is ready to go again.

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Speaker 2: We immediately informed.

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Speaker 13: The court, so we are ready to go forward to

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Speaker 13: trial again on that charge. After conferring with just Command,

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Speaker 13: Einstein denies all the charges. In the middle of his

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Speaker 13: sex trafficking and racketeering trial, a new lawsuit has been

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Speaker 13: filed against Sean Diddy Combs. A former girlfriend is now suing,

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Speaker 13: alleging she was coerced into traveling to see the rap

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Speaker 13: mogul and having sex with him. Reaction continues after a

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Speaker 13: US senator was forcibly removed from a news conference. Alex

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Speaker 13: Padilla of California interrupted a news conference in Los Angeles

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Speaker 13: being given by Homeland Security Secretary Christinome. Senator Badilla approached

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Speaker 13: the podium, was stopped by security, and then put pushed

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Speaker 13: outside and handcuffed. Reaction from both sides of the political

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Speaker 13: lieout has been swift. Democrats criticized the move, and Senator

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Speaker 13: Badiaz says this was indicative of overly harsh tactics.

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Speaker 2: I was there peacefully.

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Speaker 13: At one point I had a question, and so I

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Speaker 13: began to ask a question. I was almost immediately forcibly

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Speaker 13: removed from the room.

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Speaker 2: I was forced to the ground.

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Speaker 14: Secretary Nome, I don't even know the senator. He did

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Speaker 14: not request a meeting with me or to speak with me.

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Speaker 14: So when I leave here, I'll have a conversation with

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Speaker 14: him and visit and find out really what his concerns were.

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Speaker 14: I think everybody in America would agree that that wasn't appropriate.

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Speaker 13: Padilla says he tried to ask Noome about people arrested

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Speaker 13: with no criminal record. Global News twenty four hours a

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Speaker 13: day and whatever you wanted with Bloomberg News Now Michael

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Speaker 13: Barr and this is Bloomberg Lisa.

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Speaker 3: Thank you, Michael. Time now for a Bloomberg Sports update.

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Speaker 3: For that, we bring in John stash Out.

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Speaker 2: Good morning John, Good morning les.

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Speaker 1: So the ratings have not been good, but people are

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Speaker 1: missing a heck of a Stanley Cup final and there'll

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Speaker 1: be at least two more games, maybe three. The third

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Speaker 1: overtime game of the series didn't look that way when

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Speaker 1: Florida led three nothing in the second period. Edmonton then

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Speaker 1: led four to three in the final minute of regulation

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Speaker 1: when the Panthers Sam Reinard tied the game, so it

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Speaker 1: was once again off to sudden depth.

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Speaker 2: Breaking three is try suddle to the next.

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Speaker 12: Sid play on try suddle Chris time this series, what

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Speaker 12: is fourth oh t Winter of the Playoffs Final star

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Speaker 12: Edmonton five Florida four in fine over time.

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Speaker 1: Jack Michaels is the radio voice of the Oilers, Dry

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Speaker 1: titles four overtime goals as a record. He's at two

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Speaker 1: in this series.

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Speaker 2: At two to two.

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Speaker 1: They're heading back to Western Canada for Game five tomorrow.

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Speaker 1: Game four of the NBA Finals tonight, Indiana up to one,

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Speaker 1: hosting Oklahoma City. JJ Spawn thirty four years old, yet

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Speaker 1: he's never finished the top twenty of a major. Had

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Speaker 1: only qualified to play the US Open once before, in

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Speaker 1: twenty twenty one.

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Speaker 2: Spawn for a bogie free four under par.

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Speaker 1: Sixty six to leave the US Open at Oakmont by

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Speaker 1: one shot. Two time Open winner brooks Keepka, who's been

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Speaker 1: quiet in recent years, only two shots behind. Scottie Schefler,

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Speaker 1: had six bogies, shot three over. Rory McElroy had a

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Speaker 1: forty one on the front nine. He is plus four.

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Speaker 1: Yankees and Royals sat through a rain delay in cac

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Speaker 1: but finished the series with The Yanks.

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Speaker 2: Scored an unearned run of the eighth inning to win one.

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Speaker 1: Nothing so A. Yankee sweeped their second against the Royals.

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Speaker 1: They played tonight in Boston. Dropped two of three of

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Speaker 1: the Red Sox. Last weekend in New York, Matt's finished

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Speaker 1: a sweep of the Nationals four to three, improving to twenty.

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Speaker 2: Seven and seven.

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Speaker 1: At City Field, Jeff McNeil three run homer in the

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Speaker 1: first enning, Brandon Nimo solo shot in the fifth.

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Speaker 2: Code I Senga got the.

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Speaker 1: Win, but heard his hamstring and Senga was put on

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Speaker 1: the injured list, John Stshawer, Bloomberg Sports, Lisa and Nathan

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Speaker 1: coast to coast on Bloomberg Radio, nationwide on Sirius Exam

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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.

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Speaker 2: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.

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Speaker 4: On the morning after a major escalation in the ongoing

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Speaker 4: conflicts in the Middle East. Overnight, Israel launched a wave

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Speaker 4: of attacks on Iran's nuclear and ballistic missile programs in

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Speaker 4: what Prime Minister Benjamin Natanyahu is calling Operation Rising Lion.

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Speaker 5: I was Prime Minister, I've made it clear time it again.

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Speaker 5: Israel will never allow those who call for our annihilation

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Speaker 5: to develop the means to achieve that goal. Tonight, Israel

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Speaker 5: backs those words.

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Speaker 4: With action, Israeli Prime Minister Benjamin Natanya, who spoke in

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Speaker 4: an overnight addressed to his nation last night. This morning,

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Speaker 4: we are joined from our London studios by Bloomberg News

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Speaker 4: Jerusalem correspondent Dan Williams and Bloomberg Horizons anchor Jumana Bursechi.

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Speaker 2: Thanks to both of you for being with us.

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Speaker 4: Dan, I'll start with you, what do we know so

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Speaker 4: far about the extent of the attack and the damaged

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Speaker 4: Good morning.

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Speaker 15: Good morning.

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Speaker 2: This was certainly unprecedented.

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Speaker 15: It was certainly wide scale, I think, to judge by

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Speaker 15: what these readies are saying, there's more to be done

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Speaker 15: as far as they're concerned. The primary target was the

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Speaker 15: Iranian nuclear program, which they say was on the verge

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Speaker 15: of a potentially irreversible development in.

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Speaker 2: The direction of weaponization.

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Speaker 15: However, they also targeted senior personnel, both from the nuclear

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Speaker 15: program and from the military, the chief of staff they

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Speaker 15: had of the IOGC. This is something that everyone was

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Speaker 15: expecting on a strategic, perhaps theoretical level, going back almost

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Speaker 15: twenty years, there was a time when many speculated that

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Speaker 15: Israel was actually bluffing about doing this, given operational limitations

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Speaker 15: and the like. Now it appears that Israel has delivered

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Speaker 15: and is prepared to deliver even more.

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Speaker 4: Perhaps not a surprise in terms of whether this would come,

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Speaker 4: but maybe a surprise in terms of how quickly it

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Speaker 4: might have come at this point. Jumana, what is the

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Speaker 4: risk of wider war now? What is the risk of

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Speaker 4: retaliation from Iran?

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Speaker 16: There's definitely a major risk of retaliation from Iran. They

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Speaker 16: have vowed to fight back, and the response would be

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Speaker 16: quite harsh in nature. But then you also have to

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Speaker 16: acknowledge the fact that the Iranian regime is clearly on

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Speaker 16: the back foot. Several of their very senior commanders were

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Speaker 16: taken out on this strike. Many of their main facilities,

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Speaker 16: NUCRE facilities were hit. But I should also just reiterate

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Speaker 16: not entirely defunct now they have been damaged. But this

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Speaker 16: is why on the Israeli side, they're saying that there

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Speaker 16: is more work to be done so that they can

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Speaker 16: ensure that Iran don't go down the route of further

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Speaker 16: nuclear enrichment. But then there are several ways Iran could response.

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Speaker 16: They sent over one hundred drones this morning, most of

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Speaker 16: them intercepted, it caused them to damage. They could also

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Speaker 16: start mobilizing their proxies around the region. There were some

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Speaker 16: concerns that you might start seeing attacks come through from

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Speaker 16: Syria and from Jordan. Earlier this morning their reports that

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Speaker 16: again several drones were shot down over Jordanian airspace as

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Speaker 16: well in Lebanon. There's concern that perhaps they would look

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Speaker 16: to reactivate Hezballah. But all of these proxies are operating

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Speaker 16: in a diminished capacity, with many of their military and

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Speaker 16: also influence waning in the region given the events of

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Speaker 16: the last couple of months.

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Speaker 2: But one also factor.

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Speaker 16: That we've been talking about that's very crucial for global

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Speaker 16: markets is perhaps what Iran could do on the oil

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Speaker 16: front and potentially causing disruptions on the straits of Hormos,

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Speaker 16: which is why initially you saw that ten percent plus

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Speaker 16: reaction in the price of oil today so far though

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Speaker 16: no oil infrastructure has been had.

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Speaker 4: Now we have also heard from Iran that they're saying

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Speaker 4: that Israel could not have carried out an attack like

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Speaker 4: this without either US coordination or US support in terms

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Speaker 4: of backing of support for Israel. Dan, what was Israel

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Speaker 4: saying at this point about US potential involvement in what's

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Speaker 4: been going on here.

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Speaker 15: I think there's a pro forma at least effort by

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Speaker 15: both the allies to place daylight between themselves when it

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Speaker 15: comes to this strike. However, there are geographical realities that

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Speaker 15: are inescapable and unignorable. Israeli planes would have to traverse

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Speaker 15: one at least a cent COOM member country sent COOM

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Speaker 15: being the US military command involving countries like Saudi Arabia,

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Speaker 15: the Gulf principalities, and it's safe to assume that Sentcom

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Speaker 15: would have been aware of the planes coming in. Those

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Speaker 15: countries would have been aware and at least gave tacit

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Speaker 15: assent to these planes conducting the mission. There's also the

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Speaker 15: issue of diplomatic cover defense cover. There's a big difference

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Speaker 15: between the Americans saying they had no knowledge of this

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Speaker 15: and actually putting their foot down and perhaps imposing sanctions

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Speaker 15: if they were truly opposed to it. For now, there's

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Speaker 15: every indication they were not opposed to it. They were

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Speaker 15: seeking to diss themselves, perhaps sit on a fence. The

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Speaker 15: big test I think is if and when the Iranian escalation,

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Speaker 15: sorry the Ranian retaliation escalates, whether Israel be left to

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Speaker 15: fend for itself alone, whether the United States and other

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Speaker 15: partner countries will step up assists in defense as they

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Speaker 15: did twice last year.

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Speaker 4: What about the possibility of other parties in the Middle

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Speaker 4: East getting involved in this conflict Jumana.

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Speaker 2: Is there a risk of that?

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Speaker 16: I think it was really notable this morning that one

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Speaker 16: of the first foreign ministries that put out a statement

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Speaker 16: was the Kingdom of Saudi Arabia. And of course we

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Speaker 16: have to go back to twenty nineteen. You will recall

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Speaker 16: that there was a healthy attack on Upcake, which is

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Speaker 16: one of the key mid refineries in Saudi Arabia, in

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Speaker 16: response to global tensions at the time, and there has

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Speaker 16: been a notable improvement in the diplomatic relationship between Saudi

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Speaker 16: Arabia and Iran since then. That was broken together by

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Speaker 16: China in March of twenty twenty three, and since then,

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Speaker 16: what Saudi Arabia had been consistently saying is they want

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Speaker 16: to see de escalation in the region. And so this

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Speaker 16: morning they put out at the Foreign Ministry put out

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Speaker 16: a statement saying that they condemn these attacks and once

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Speaker 16: again would like to see the region de escalating. UAE

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Speaker 16: similar tone as well, so from other major Gulf Arab states.

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Speaker 16: What you are seeing is an inclination to make things better,

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Speaker 16: to bring down the temperature, as opposed to add fuel

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Speaker 16: to flyer. But of course if there is, if there

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Speaker 16: are further attacks on Israeli soil, then there's gonna be

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Speaker 16: a question as to which countries in the region may

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Speaker 16: offer their airspace or may look to implicitly allow that

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Speaker 16: to happen. And I think we are entering into a

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Speaker 16: critical couple of days now to see exactly how Saudi

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Speaker 16: Arabia UAE Katar will respond if Iran continues along the

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Speaker 16: lines of retaliation and as they have vow to do so.

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Speaker 4: Dan, we have about a minute left. Is there a

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Speaker 4: political dimension to this? We just saw Israeli Prime Minister

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Speaker 4: NETANYAHUO survive a vote to dissolve his government this week.

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Speaker 2: I think this certainly is.

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Speaker 15: There may even have been low scale US intervention in

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Speaker 15: that political crisis to persuade coalition members who thought of

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Speaker 15: leaving the coalition this was not the time to do that,

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Speaker 15: hinting that there were strategic matters afoot. Certainly, if this succeeds,

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Speaker 15: and time will tell if it has, this will help

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Speaker 15: his standing. It's worth remembering that he's largely shaped his

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Speaker 15: legacy around the question of Iran, which Israel sees as

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Speaker 15: its chief adversary, the chief threat to its existence. And

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Speaker 15: if this succeeds in Israeli terms, that may be enough

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Speaker 15: to polish his legacy, which was severely dented by the

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Speaker 15: October seventh attack, which really set into motion this entire

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Speaker 15: regional war.

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Speaker 4: This is Bloomberg Daybreak, your Morning podcast on the story's

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