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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Charlie Pellett. Treasury Secretary Scott Besson says US Israeli attacks

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Speaker 1: on Iran are aimed at destroying its fortifications along the

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Speaker 1: Strait of Hormuz, while Iranian leaders face a Monday deadline

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Speaker 1: from President Trump to reopen the waterway. He was interviewed

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Speaker 1: on NBC's Meet the Press.

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Speaker 2: There has been a campaign to using military assets to

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Speaker 2: soften up the Iranian fortifications along the street. That's going

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Speaker 2: to continue until they are completely.

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Speaker 1: Demolished, Treasury Secretary Scott Besant on NBC's Meet the Press.

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Speaker 1: Iran's parliament speaker has issued what's described as a final

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Speaker 1: notice to financial institutions that hold US Treasury bonds, warning

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Speaker 1: they will be considered legitimate military targets. Indeed, a volatile

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Speaker 1: start to oil trading getting whip sawed. International Energy Agency

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Speaker 1: Executive director of FAT Bureaule says the war in the

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Speaker 1: Middle East could see the world face its worst energy

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Speaker 1: crisis in decades, calling the situation severe.

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Speaker 3: Many of us remember the two consecutive oil crisis in

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Speaker 3: nineteen seventies, nineteen seventy three and nineteen seventy nine and

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Speaker 3: at that time, in each of the crisis, DIVERT has

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Speaker 3: lost about five million bires per day, both of them

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Speaker 3: together ten million bires per day. And after that, we

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Speaker 3: all know that there was major economic problems around the decisions.

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Speaker 3: And today only as of today, we lost eleven millionaires

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Speaker 3: per day, so more than two major oil shocks put together.

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Speaker 1: Ia Executive director of fat A Buaul, speaking up a

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Speaker 1: National Press club in Canberra, Australia. The partial government shutdown

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Speaker 1: starts in week six. TSA agents are expected to receive

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Speaker 1: another round of empty paychecks, with about four hundred agents

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Speaker 1: quitting since the shutdown began. President Trump says he will

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Speaker 1: be sending ICE agents to the nation's airports tomorrow to

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Speaker 1: ease long lines. Here's US Transportation Secretary Sean Duffy interviewed

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Speaker 1: on ABC's This Week.

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Speaker 4: Democrats want to see long lines at airports as leverage.

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Speaker 4: President Trump's trying to take that leverage away and not

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Speaker 4: make the American people suffer. So TSA agents are law enforcement.

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Speaker 4: They know how to pat people down, they know how

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Speaker 4: to run the X ray machines because they are again

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Speaker 4: under homeland security with TSA. So if we can bring

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Speaker 4: in other assets and tools to assist TSA to get

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Speaker 4: rid of these lines.

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Speaker 1: Yeah.

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Speaker 4: I think that makes a lot of sense. And the

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Speaker 4: President's looking around every corner to make sure the American

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Speaker 4: people don't suffer during the shutdown.

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Speaker 1: Transportation Secretary Sean Duffy Republican Senator Mark Wayne Mullen has

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Speaker 1: advanced toward confirmation as Secretary of the Department of Homeland Security,

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Speaker 1: clearing up procedural obstacle today that put his nomination on

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Speaker 1: track for a final Senate vote. Early this week, the

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Speaker 1: US Supreme Court will be considering a case that could

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Speaker 1: upend key election deadlines and as many as twenty nine states,

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Speaker 1: drawing the justices into President Trump's campaign against mail in

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Speaker 1: ballots and with more. Here's Bloomberg's Monica Ricks.

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Speaker 5: The case involves a Mississippi law that allows ballots to

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Speaker 5: be counted if they arrive shortly after election day, which

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Speaker 5: the Republican Party and the Trump administration say is incompatible

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Speaker 5: with federal law. This is part of a prolonged effort

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Speaker 5: by the GOP to keep control of Congress in November,

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Speaker 5: but critics say it would lead to chaos, including different

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Speaker 5: deadlines for Congressional and presidential elections than for state and

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Speaker 5: local races. It could also suppress the votes of people

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Speaker 5: likely to support Democrats Monica Ricks Bloomberg Radio.

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Speaker 1: Sources tell Bloomberg the NBA has begun preliminary talks with

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Speaker 1: investment banks as it decides whether to sell two new

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Speaker 1: franchises that would likely fetch billions of dollars and with more.

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Speaker 1: Here's Bloomberg's Tom buzzby.

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Speaker 6: Those sources say PJT Partners has been advising the league

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Speaker 6: for months about the potential expansion. The discussions to pick

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Speaker 6: firms that would run the sale process come ahead of

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Speaker 6: a vote. The league is set for next week to

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Speaker 6: decide whether to move ahead with the plan. Expansion talks

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Speaker 6: date back to twenty twenty, when NBA Commissioner Adam Silver

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Speaker 6: said adding new teams was likely at some point in

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Speaker 6: New York Tom buzzby Bloomberg Radio.

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Speaker 1: US stalks do begin the new trading week with the

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Speaker 1: S and P five hundred index at sixty five six.

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Speaker 1: That is a six month low. Last week, major US

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Speaker 1: equity benchmarks dropped to the lowest since September amid rising

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Speaker 1: anxiety over the prospect of a prolonged war in the

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Speaker 1: Middle East. J Puloski, is chief investment officer with TPW

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Speaker 1: Investment Management, says, big picture, there is reason to be optimistic.

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Speaker 7: One of the reasons why we're not that concerned about

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Speaker 7: what the Iran conflict means longer term is because we

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Speaker 7: don't think there will be a conflict longer term. In

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Speaker 7: other words, the potential for the president to search for

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Speaker 7: an off ramp is rising daily as his poll numbers crater,

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Speaker 7: and as things like you know, you pointed out gas

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Speaker 7: up forty thirty percent in a matter of a month

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Speaker 7: or so. That's not sustainable politically.

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Speaker 1: Tpw's J. Pulaski it is a light week ahead for earnings,

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Speaker 1: and among the company's schedule to report this week jeffries

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Speaker 1: Financial KB, Home Paychecks, Carnival Corp, Chewy, game Stop, and

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Speaker 1: sentas And that's news when you want it with Bloomberg

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Speaker 1: News now, I'm Charlie tells them, this is Bloomberger