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

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the breakthrough in the Middle East.

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Speaker 3: After weeks of negotiations, threats, and counter threats, the US

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Speaker 3: and Iran now say they have reached an interim deal

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Speaker 3: to put more than three months of war on hold.

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Speaker 3: US Ambassador to the United Nations Mike Waltz says the

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Speaker 3: deal will not provide immediate sanctions relief to Iran.

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Speaker 4: This is going to be in terms of any unfrozen

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Speaker 4: assets or sanctions relief, what's called pay for performance.

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Speaker 5: There will not be upfront cash.

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Speaker 4: So to speak that we saw in the Obama deal

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Speaker 4: and the JCPOA with literally palets of cash because the

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Speaker 4: Iranian banking system was dysfunctional being flown in.

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Speaker 3: You and Ambassador Mike Waltz appeared on ABC's This Week

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Speaker 3: Heard Sundays on Bloomberg Radio. Bloomberg Middle East correspondent Abira

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Speaker 3: bo Walmar reports the details of the agreement still have

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Speaker 3: not been released.

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Speaker 6: What we know so far is that the deal right

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Speaker 6: now will ensue the reopening the immediate tree opening of

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Speaker 6: the Strait of Vermuz, where at tankers can go back

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Speaker 6: to their movement. Now there are some caveats there. And

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Speaker 6: the other thing is that sixty days of an extended

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Speaker 6: ceasefire will ensue afterwards, where both sides will take part

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Speaker 6: in technical negotiations about mainly the state of Iran's nuclear program.

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Speaker 3: Bloomberg's a birabo Olmar reports President Trump pushed for the

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Speaker 3: deal by his eightieth birthday yesterday. Both sides now planned

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Speaker 3: to sign it this Friday in Switzerland. Iran says it

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Speaker 3: will release the text of the agreement then, and even

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Speaker 3: as he celebrated the deal, President Trump told The New

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Speaker 3: York Times he could restart military attacks if Iran does

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Speaker 3: not reach an agreement on its nuclear program on nie In.

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Speaker 2: One factor that could complicate the deal is Israel Prime

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Speaker 2: Minister Benjamin Etnahu's government launched new attacks on Lebanon yesday,

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Speaker 2: hours before the agreement was announced. This morning, Israel's Defense

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Speaker 2: Minister Israel cat says Israeli forces or a main in

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Speaker 2: security zones in Lebanon, Syria and Gaza for as long

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Speaker 2: as necessary. Well. National Security Minister at Amar Ben Gavier

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Speaker 2: posted on ex that Israel is not found by the

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Speaker 2: US around deal, and Finance Minister Benzils Mootrich added his

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Speaker 2: own ex post saying the deal is quote bad for

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Speaker 2: Israel and for the entire free world.

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Speaker 3: All right now, Karen, we are seeing positive reaction in

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Speaker 3: equity markets to the US Eron agreement, and in Europe,

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Speaker 3: the Stocks fifty is up one point three percent. US

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Speaker 3: futures are in rally mode as well, led by Nasdaq

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Speaker 3: futures up two point one percent. S and P futures

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Speaker 3: are one point three percent higher, and Dow futures have

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Speaker 3: a one percent gain.

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Speaker 2: And as expected, Nathan Oil is dropping on the latest developments.

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Speaker 2: Right now, NIMEX screwed oil is down five point six

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Speaker 2: percent at eighty dollars sixteen cents a barrel. Brent is

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Speaker 2: down more than five percent at eighty two dollars eighty

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Speaker 2: five cents. However, analyst, you're warning it could take months

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Speaker 2: to fully restore oil and gas flows on the straight

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Speaker 2: of horror moves. They say, Adia will ease the risk

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Speaker 2: to supply and continued upward pressure on prices, but rebuilding

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Speaker 2: confidence among shipowners, insurers and refiners will take longer.

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Speaker 3: And now President Trump Karen is on his way to

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Speaker 3: the G seven meeting in France, and he's reportedly threatening

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Speaker 3: France with one hundred percent wine tariffs. President told The

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Speaker 3: New York Post he'd have no choice if France doesn't

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Speaker 3: drop its digital tax on US tech companies. Bloomberg's Ben

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Speaker 3: Sill says this puts French President Emmanuel Macron in a

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Speaker 3: difficult position.

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Speaker 5: Having Trump come out attacking the French taxes at this

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Speaker 5: point is going to be a real bump in the

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Speaker 5: road for Macron. He is due to have byla with

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Speaker 5: Trump at five o'clock after in our time, shortly after

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Speaker 5: Trump arrives in av M, so we'll get a sense

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Speaker 5: of how much trouble That's can cause pretty quickly, I think.

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Speaker 3: In Bloomberg's Ben Sol's notes, mccron's invited a group of

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Speaker 3: technology executives, including Open AI's Sam Altman, to a lunch

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Speaker 3: on the summit's final day.

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Speaker 2: Nathan, there's a crackdown on social media in Europe. Britain

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Speaker 2: is banning people under sixteen from using a range of

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Speaker 2: social media apps. And we go to London and get

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Speaker 2: the latest with the Bloomberg James Wilcock, James, good morning.

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Speaker 7: Good morning Karen and Nathan. I'm not prepared to compromise

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Speaker 7: on children's happiness or safety. Those are the words a

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Speaker 7: Prime Minister Kirstarmer as he announces new rules due to

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Speaker 7: coming to force next year that will stop under sixteen

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Speaker 7: from accessing social media and a number of other gaming platforms.

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Speaker 7: It marks the start of a crunch week for the

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Speaker 7: Prime Minister. He heads to a potentially embarrassing G seven

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Speaker 7: summit after his defense sieve to quit last week, and

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Speaker 7: his leadership rival Andy Burnham could enter Parliament later this

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Speaker 7: week if he wins a vote in Northwest England. In London,

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Speaker 7: James Wilcock Blue Nogradia.

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Speaker 3: James thanks back.

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Speaker 8: Here.

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Speaker 3: In the US, the countdown is underway for the parade

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Speaker 3: for the NBA champion New York Knicks and the celebrations

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Speaker 3: expected to draw millions. Bloomberg's Alexis Christophers is in New

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Speaker 3: York with the very latest Alexis Well Nathan.

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Speaker 9: City officials say it could be the largest turnout for

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Speaker 9: a parade in Big Apple history. Millions of Nick fans

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Speaker 9: are expected to line the parade route Thursday morning to

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Speaker 9: cheer on their beloved championship team. In the once in

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Speaker 9: a lifetime experience. The ticker Tay Parade's going to kick

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Speaker 9: off at ten am Wall Street time and run from

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Speaker 9: Battery Park North one mile up the Canyon of Heroes

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Speaker 9: to City Hall, where Mayor Mom Donnie will host a

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Speaker 9: celebration fit for champions.

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Speaker 10: It is a chance for this entire city to celebrate

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Speaker 10: this team that has given us so much.

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Speaker 11: We're going to have a ceremony at City Hall.

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Speaker 12: We're going to be presenting our administration's first keys to

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Speaker 12: the City to the team.

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Speaker 9: It will be the first Knicks ticker tape parade in

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Speaker 9: franchise history. During the team's nineteen seventy and seventy three

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Speaker 9: championship wins, then Mayor John Lindsay suspended the city's shorts

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Speaker 9: parade tradition. If you plan on attending, city officials recommend

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Speaker 9: showing up hours before that ten am start time. No

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Speaker 9: word on whether the celebration at City Hall will require

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Speaker 9: tickets or how they'll be distributed. From New York Knicks

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Speaker 9: Nation Alexis Christophers Bloomberg Radio, all.

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Speaker 2: Right, Alexis, thank you, Let's turn to the economy now

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Speaker 2: or a new FED Chairman Kevin Walsh will host his

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Speaker 2: first policy meeting this week. Worsh is facing a difficult

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Speaker 2: test as inflation wars bank at the fastest pace in

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Speaker 2: three years. Ira Jersey is chief US interest strategist for

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Speaker 2: Bloomberg Intelligence.

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Speaker 10: I do think that he's in a little bit of

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Speaker 10: a known situation because it's going to be very difficult

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Speaker 10: for the Federal Reserve to produce interest rate, which, of

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Speaker 10: course President Trump has said that he wants Kevin Walsh

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Speaker 10: to do, and what he said he thinks Kevin Walsh

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Speaker 10: will do. But Kevin Walsh can't do it because he's

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Speaker 10: only one member of the committee.

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Speaker 2: And that's Bloomberg Intelligence chief US interest rates strategist Ira Jersey,

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Speaker 2: who says there's little hanging on the outcome of this

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Speaker 2: week's meeting. The Bank is widely expected to hold this

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Speaker 2: benchmark rate unchanged.

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Speaker 3: Well, SpaceX chairs are anything but on hold, Karen. They

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Speaker 3: are jumping in the pre market following its debut Friday

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Speaker 3: that vaulted the company into the ranks of the world's

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Speaker 3: most valuable public firms. Right now, SpaceX stock is up

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Speaker 3: more than five percent. Today will actually mark the first

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Speaker 3: full trading session for SpaceX. Agained nineteen percent on Friday.

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Speaker 2: Time now for a look at some of the other

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Speaker 2: stories making news in New York and around the world.

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Speaker 2: And for that we're joined by Bloomberg's John Tucker. John,

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Speaker 2: Good Morning, Good Morning, Karen.

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Speaker 8: That more than fifty year curse broke in with the

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Speaker 8: next winning the NBA Championship Saturday night, but not all

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Speaker 8: celebrating handled it well. There was violence. Five school buses

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Speaker 8: being used for the World Cup were destroyed, including one

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Speaker 8: set on fire, and police say four people were either

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Speaker 8: stabbed or slashed. A seventeen year old shot on the

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Speaker 8: foot near Times Square Stati Mitch McConnell, the longest serving

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Speaker 8: Senate Republican leader, was admitted to a hostel yesterday morning.

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Speaker 8: Spokesman didn't give any details about McConnell's condition, except to

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Speaker 8: say he's receiving excellent care. And A UFC fight at

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Speaker 8: the White House last night drew four thousand people to

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Speaker 8: the South Lawn. President Trump and the First Lady celebrating

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Speaker 8: his eightieth birthday. They sat ringside.

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Speaker 12: I got to thank President Trump for making this happen.

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Speaker 8: A federal lawsuit trying to stop the event from happening,

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Speaker 8: calling it deeply corrupt. Vice President J. D. Van says

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Speaker 8: he hasn't decided whether he's going to seek the Republican

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Speaker 8: presidential nomination at twenty twenty eight, but tell CBS News

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Speaker 8: he expects President Trump to get behind him.

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Speaker 13: I have no doubt that the President the United States

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Speaker 13: is going to be very supportive of anything that I

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Speaker 13: ultimately decide to do. But we really just haven't talked

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Speaker 13: about what that thing will be.

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Speaker 8: Vice President Vance on CBS Sunday Morning Global News twenty

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Speaker 8: four hours a day whenever you wanted with Bloomberg News. Now,

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Speaker 8: I'm John Tucker. This is Bloomberg Karen.

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Speaker 2: Thanks John. Time now for our Bloomberg Sports update, and

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Speaker 2: for that we bring in John stash Hour.

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Speaker 11: Thanks Aaron. Twenty four hours after the next to compet

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Speaker 11: of the playoff run of sixteen wins only three losses

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Speaker 11: in the NBA, the Carolina Hurricanes did the exact same thing.

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Speaker 11: They won three nothing at Vegas. They won the Stanley

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Speaker 11: Cup for the second time. The previous one was twenty

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Speaker 11: years ago. Jordan Stall, who scored in each of the

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Speaker 11: first five games, won the cons might as playoff MVP

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Speaker 11: the World Cup Germany seven to one over Kurisa and

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Speaker 11: Sweden a five to one rout of Tunisia Ivery Coast Upset, Ecuado, Our,

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Speaker 11: Japan and the Netherlands finish in the time. That's to

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Speaker 11: Bloomberg Sports Update.

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Speaker 2: Stay with us. More from Bloomberg day Break coming up

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Speaker 2: after this.

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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 Appum. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. President Donald Trump has an

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Speaker 3: interim deal with Iran at his back as he he

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Speaker 3: to the G seven leaders summit in France today. Implementation

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Speaker 3: could be a key focus for G seven allies. Kayak

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Speaker 3: Kallis has had a foreign policy for the European Union.

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Speaker 1: We have expertise when it comes to the nuclear negotiations,

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Speaker 1: for example. We can also provide other help and.

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Speaker 3: See you Foreign Policy Chief Kayakallis speaking with reporters in

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Speaker 3: Luxembourg and joining us now from the G seven in Evyon, France.

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Speaker 3: Is Bloomberg Chief Europe correspondent Oliver Crook. So, Oliver, what

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Speaker 3: role could the G seven play now? As we do

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Speaker 3: have this interim deal least announced by the US and

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Speaker 3: Iran good morning.

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Speaker 4: Good morning, Yeah, exactly. So this is going to be

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Speaker 4: the main focus for the G seven. It was going

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Speaker 4: to be the main focus regardless of sort of what

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Speaker 4: happened with the war in Iran. But now that there

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Speaker 4: is a beginning of the sort of architecture coming into

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Speaker 4: form to basically end this war, you know, everybody here

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Speaker 4: hopes that will be the main focus for leaders here.

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Speaker 4: So there's a big question of how the G seven

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Speaker 4: can sort of contribute to this.

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Speaker 12: Particularly the Europeans.

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Speaker 4: You heard it from the host of these proceedings, the

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Speaker 4: President of France and Menu and who's really said it

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Speaker 4: from the very beginning of the war that the Europeans

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Speaker 4: would have a sort of military role in the day

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Speaker 4: after and sort of the after a ceasefire.

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Speaker 12: So the question is how do you flesh that out?

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Speaker 12: How are the Europeans going to be involved.

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Speaker 4: We know that it could involve a sort of d

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Speaker 4: mining mission that the French and the UK have said

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Speaker 4: that they was sort of put forward. But you should

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Speaker 4: also remember that the Europeans are involved in the sanctions

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Speaker 4: regime against Iran, and we heard from the E three.

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Speaker 4: These are the leaders of Germany, UK, France and Italy

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Speaker 4: saying that actually they'll be open to putting down some

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Speaker 4: of their own sanctions in accordance with this deal if

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Speaker 4: Iran sort of reaches certain milestones, So all of this

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Speaker 4: sort of nigger nitty gritty will be established and discussed

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Speaker 4: here at the G seven leaders. And we should say though,

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Speaker 4: there are leaders also from other countries that are actually

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Speaker 4: crucial to the architecture of this deal, of the leaders

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Speaker 4: of Qatar, the UAE, Egypt, they will all be here.

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Speaker 4: And again it's actually just sort of stress that the

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Speaker 4: President of the United States is going to be out

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Speaker 4: of country. He's going to be in France for three days.

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Speaker 4: That's a really rare opportunity to have that much time

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Speaker 4: with the President of the United States with a very

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Speaker 4: busy agenda of many things that these European leaders want

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Speaker 4: to get from the President of the United States.

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Speaker 3: As you've been making ali, the far As, semi official

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Speaker 3: news service in Iran is reporting that this deal is

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Speaker 3: going to stipulate that Iran is going to allow passage

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Speaker 3: through the Strait of Horror moves for only sixty days,

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Speaker 3: presumably during the nuclear negotiations. Could that complicate things further

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Speaker 3: for the G seven is they're thinking about that day after.

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Speaker 12: Yeah, I mean absolutely.

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Speaker 4: I think that again everyone here will say sort of

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Speaker 4: a great relief that there is a deal. The next

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Speaker 4: thing they're going to do is find out what this

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Speaker 4: actual deal is, what is actually in it. I think

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Speaker 4: that that is I think what the entire world is

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Speaker 4: grappling with, and I think that for the leaders here

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Speaker 4: from theed or from the United States, but of course

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Speaker 4: from the Europeans and some of the other nations, is

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Speaker 4: to basically make sure that this does not ever return

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Speaker 4: back to a kinetic war, that we don't ever get

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Speaker 4: the closure yet again of the Strait of Horrormus. So

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Speaker 4: they were going to think put everything on the table

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Speaker 4: to try to get that forward with the President of

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Speaker 4: the United States in those negotiations, but again trying to

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Speaker 4: get the president on side not just on the question

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Speaker 4: of the Gulf, and if he's satisfied with what the

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Speaker 4: Europeans are offering, can they get him on side on

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Speaker 4: some of the other issues we should say, you know,

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Speaker 4: namely for the Europeans here and as someone who's going

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Speaker 4: to be here in the next couple of days is

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Speaker 4: the President of Ukraine, Vladimir Zelenski, who spoke with the

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Speaker 4: President yesterday. We should say President United States also spoke

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Speaker 4: with Ladimir Putin yesterday.

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Speaker 3: And I wanted to get to that in our last

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Speaker 3: minute here, Alli, because what's the challenge to put the

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Speaker 3: Russia Ukraine issue back in front of the table for

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Speaker 3: President Trumps. We're still trying to figure out what the

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Speaker 3: final details of this interim agreement with their Ron are

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Speaker 3: going to be.

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Speaker 12: Yeah.

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Speaker 4: Absolutely, I think that the way that the Ukrainians and

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Speaker 4: the Europeans are going to see the Trump visit here

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Speaker 4: and the opportunity that's presented here is the big question

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Speaker 4: is what is the next chapter of American engagement on

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Speaker 4: the question of Ukraine and Russia. Right, they've basically checked

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Speaker 4: out entirely of that process.

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Speaker 12: It became too complicated.

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Speaker 4: They had their hands full with a number of different issues,

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Speaker 4: and they basically walked away from it saying, you know, Europe,

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Speaker 4: you take this over.

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Speaker 12: If the President of the United.

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Speaker 4: States feels a little bit embolden, he feels that he's

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Speaker 4: got to win at his back, you know, he just

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Speaker 4: spoke with Putin. Potentially, you know this come he comes

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Speaker 4: back to.

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Speaker 12: The table in some way or another.

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Speaker 4: So I think the Europeans, and particularly for Zelensky, is

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Speaker 4: to really establish what the next chapter of American involvement

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Speaker 4: is going to be, obviously in the question of diplomacy,

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Speaker 4: the question of attention, but of course the question of

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Speaker 4: military hardware, a lot of which has been diverted away

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Speaker 4: from Europe, away from Ukraine and in the Middle East

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Speaker 4: in order to deal with that war.

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