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

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Speaker 2: Good morning. I'm Karen Moscow and I'm John Tucker. Here

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

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Speaker 3: Well, John, The US Israeli war on Iran is now

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Speaker 3: in its third week. According to figures from governments and

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Speaker 3: non governmental organizations, at least three seven hundred and fifty

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Speaker 3: people have died. President Trump is demanding other countries join

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Speaker 3: American efforts to defend the Strait of Horror moves. The

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Speaker 3: President says the US is in talks with about seven

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Speaker 3: countries to help ships pass safely through the waterway. And

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Speaker 3: here's what he told reporters on Air Force one, William, I'm.

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Speaker 4: Demanding that these dodgies come in in protect your own territory,

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Speaker 4: because it is their territories. It's the place from which

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Speaker 4: they get their energy, and they should come and they

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Speaker 4: should help us for checking.

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Speaker 3: And the President also said Cuba wants to make a

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Speaker 3: deal with the UA, but that he wants to finish

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Speaker 3: the war in Iran before turning to the island nation.

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Speaker 2: And President Trump says he could delay his plan somehat

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Speaker 2: with Chinese President Shijingping if Beijing does not help unblock

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Speaker 2: the Strait of Hormuz. His comments came in an interview

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Speaker 2: with The Financial Times. Trump also told the FT that

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Speaker 2: NATO sees a very bad future if US allies fail

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Speaker 2: to assist well John.

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Speaker 3: President Trump says Iran is ready to make a deal

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Speaker 3: to end the war, but the US wants better terms.

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Speaker 3: Iran is denying it once ceasefire talks, launching fresh attacks

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Speaker 3: across the Persian Gulf, including the key port of Fujaira

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Speaker 3: in the United Arab Emirates. That's the only outlet for

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Speaker 3: the country that bypasses the Strait of Horror Muz and

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Speaker 3: Iranian Foreign Minister Abbas Argachi spoke yesterday on CBS's Faced

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Speaker 3: the Nation.

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Speaker 5: Now, we never asked for a ceasefire and we have

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Speaker 5: never asked even for negotiation. We are ready to defend

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Speaker 5: ourselves as long as it takes and what we have

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Speaker 5: done so far, and we continue to do that until

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Speaker 5: President Trump comes to the point that this is an

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Speaker 5: illegal war with no victory.

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Speaker 3: And that's Iranian Foreign Minister Abasarachi who spoke on CBS

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Speaker 3: has Faced the Nation Catch the program Sunday afternoons on

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Speaker 3: Bloomberg Radio.

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Speaker 2: And the President has gone from declaring the war over

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Speaker 2: soon to calling on European and Gulf allies to help.

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Speaker 2: The state of play was exemplified by a recent call

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Speaker 2: with a group of seven leaders, and Bloomberg's Ewan Pots

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Speaker 2: joins us from London with the very latest you and

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Speaker 2: good morning.

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Speaker 6: John and Karen.

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Speaker 7: President Trump is Demanni allies help secure safe passage for

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Speaker 7: shipping through the Strait of Homus. Bloomberg understands the President

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Speaker 7: was repeatedly pressed by European counterparts on the call about

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Speaker 7: his end game for the conflict. We told he said

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Speaker 7: he couldn't discuss the war's objectives, but that he had

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Speaker 7: several in mind, and he wanted the conflict to end soon.

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Speaker 7: For now, the Straits of Homos, the conduit for a

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Speaker 7: fifth of the world's oil, remain effectively closed, with no

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Speaker 7: offers of help so far. Forthcoming from European allies in London,

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Speaker 7: I'm you, and Pots s Bloomberg Radio.

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Speaker 3: All right, you and thank you. What the Trump administration

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Speaker 3: has said now the word of Iran may last several

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Speaker 3: more weeks along with higher oil and gas prices, and

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Speaker 3: Bloomberg's Moniker Ricks has details.

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Speaker 8: Energy Secretary Chris Wrights as Americans may not have to

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Speaker 8: deal with pain at the pump too long.

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Speaker 9: This is short term pain to get through to a

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Speaker 9: much better place.

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Speaker 8: Right on ABC's This Week, he says it's a small

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Speaker 8: price to pay to destroy I Ron's military capabilities.

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Speaker 9: The conflict will come to the end in the next

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Speaker 9: few weeks, and we'll see a rebound in supplies and

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Speaker 9: a pushing down of prices after.

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Speaker 8: That, and oil prices are expected to keep soaring the

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Speaker 8: longer the Straight of Woe moves remains closed. The waterway

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Speaker 8: traffics a fifth of the world's oil. Monica Ricks Bloomberg Radio, all.

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Speaker 3: Right, Monica, thank you. Checking the price of oil this morning,

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Speaker 3: and I'm excrut oil up one and a third percent.

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Speaker 3: Is at one hundred dollars two cents of barrel Brent

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Speaker 3: is at one hundred and five dollars forty three cents.

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Speaker 2: And Karen, the action to the war continuing on both

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Speaker 2: sides of the Aisle. We spoke with Democrat Adam Smith,

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Speaker 2: a ranking member on the Armed Services Committee.

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Speaker 10: This war is continuing, the cost is incredibly high. The

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Speaker 10: President doesn't seem to have a plan. Meanwhile, they want

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Speaker 10: to apparently try to convience America that this is some

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Speaker 10: kind of fun video game that we're just playing even

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Speaker 10: as people are dying all across the region and the

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Speaker 10: global economy is suffering from this. So yeah, I wish

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Speaker 10: they were a little more serious in the way they

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Speaker 10: explained such an incredibly important action that they are taking.

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Speaker 2: And we also got this reaction from New York Republican

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Speaker 2: Congressman Mike Lawler.

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Speaker 11: President Trump is ensuring that Iran cannot have a nuclear weapon.

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Speaker 11: That is paramount, And all of my Democratic colleagues, including

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Speaker 11: Adam Smith, just said, oh, I hope it works out.

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Speaker 11: I hope we get regime change. I hope, I hope. Well,

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Speaker 11: hope is not a strategy, and you actually have to

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Speaker 11: be willing to take action.

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Speaker 2: Republican cars and Mike Lawler and Washington Democrat Adamus With

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Speaker 2: both made the comments on our new show of Bloomberg

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Speaker 2: this weekend. You can catch it Saturdays and Sundays from

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Speaker 2: seven am to ten am. Wall Street Time and John.

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Speaker 3: The top executives of ten US airlines and aviation companies

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Speaker 3: are asking Congress to end the government shutdown that's affecting passengers.

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Speaker 3: Transportation Security Administration officers just missed their first paycheck on Friday,

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Speaker 3: since the Department of Homeland Security shutdown began over a

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Speaker 3: dispute between Democrats and Republicans over immigration raids, and a

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Speaker 3: letter published over the weekend, the CEOs of American don't

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Speaker 3: they united? And others said, quote, Americans who live in

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Speaker 3: your districts and home states are tired of long lines

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Speaker 3: at airports and in Hollywood.

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Speaker 1: The Oscar goes too, one battle.

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Speaker 2: After Paul Thomas Anderson's One Battle after another, winning Best

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Speaker 2: Picture the ninety eighth Academy Awards. This Capsus ceremony then

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Speaker 2: also so the film take home Best Adapted Greenplay and

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Speaker 2: Best Director. Ryan Coogler's Sinners made history with a win

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Speaker 2: for the Film Cinematographer, Best Actor honors for Michael B. Jordan,

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Speaker 2: and the Best Original Screen prize. Jesse Buckley completed her

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Speaker 2: award season sweep, winning Best Actress for her role in

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Speaker 2: Hamnett k Pop Demon Hunters. That said, Netflix's most popular

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Speaker 2: film ever won the Golden Statuette for Best Animated Feature.

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Speaker 3: Well John and Franz say if I Right, candidate for

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Speaker 3: the Mayor of Nie has won a first round of

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Speaker 3: voting with over forty percent of the vote. Eric Ciotti's

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Speaker 3: leading position ahead of next week's runoff is a boost

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Speaker 3: Mari Marine Lapenn in her National Rally party ahead of

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Speaker 3: next year's presidential election in Paris, the Socialist candidate Emmanuel

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Speaker 3: greg Woaire came in first. The race to run Paris

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Speaker 3: is now expected to hinge on alliances forged over the

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Speaker 3: next forty eight hours.

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Speaker 2: And let's turn to the markets now Karen, where futures

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Speaker 2: are higher as we kick off the trading week. In Europe,

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Speaker 2: a big banking takeover maybe and the works. UniCredit has

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Speaker 2: made a forty billion dollar takeover offer for Commerce Bank.

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Speaker 2: The Italian lenders says it expects the move to push

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Speaker 2: its Commerce Bank stake above thirty percent without reaching control,

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Speaker 2: as they put it under German law, Crossing that threshold

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Speaker 2: does make a bid mandatory. And that brings us to

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Speaker 2: five oh WA to on Wall Street, and let's get

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Speaker 2: a look at some of the other stories making news

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Speaker 2: in New York and around the world. For that, we're

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Speaker 2: joined by Bloomberg's Michael Barr. Michael, Good morning, Good morning John.

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Speaker 12: A severe weather front sweeping across much of the eastern

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Speaker 12: half of the US has dumped heavy snow around the

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Speaker 12: Upper Midwest spawned thunderstorms in the South and is threatening

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Speaker 12: several mid Atlantic states with heavy rain and possible tornadoes.

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Speaker 12: With more. Here's Bloomberg Media Ronwich's Craig Allen. Good morning.

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Speaker 13: The Battle of the seasons continues, and weather for all

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Speaker 13: four seasons will be represented here. This is the same

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Speaker 13: system which resulted in so much havoc to our west

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Speaker 13: over the last days, and now it's reaching the East coast.

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Speaker 13: The main threats from DC to New York City to

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Speaker 13: Boston and all surrounding counties will be showers and thunderstorms

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Speaker 13: accompanied by potentially damaging winds and flash flooding, and expects

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Speaker 13: significant delays at airports and also slow travel on the

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Speaker 13: roads for both this morning and this evening's rush hour.

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Speaker 12: Bloomberg Media religis Craig Allen. Investigators are still looking for

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Speaker 12: a motive in Thursday's attack on a Detroit area synagogue.

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Speaker 12: Israeli authorities say the brother of the attacker was a

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Speaker 12: Hesbalan commander who was killed in a recent Israeli action

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Speaker 12: in Lebanon. Michigan State Representative Samantha Stecklow says she attends

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Speaker 12: the synagogue that was attacked in West Bloomfield Township.

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Speaker 1: We have legislation making its way through the state government

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Speaker 1: right now that will help compact anti Semitism, hate crimes

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Speaker 1: in terrorism.

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Speaker 12: The Israeli military went on to say four of I'man

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Speaker 12: Mohammad Gazali's relatives were killed in an Israeli airstrike. Gazzali

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Speaker 12: is said to have killed himself. President Trump said he's thrilled.

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Speaker 12: Federal Communications Commission Chairman Brendan Carr warned broadcasters to course

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Speaker 12: correct on news coverage or risk losing their licenses. President

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Speaker 12: Trump accused media outlets of misrepresenting the latest developments of

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Speaker 12: the war and spreading what he called Ranian disinformation. Global

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Speaker 12: news twenty four hours a day and whenever you want

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Speaker 12: it with Bloomberg News Now. I'm Michael Barr, and this

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Speaker 12: is Bloomberg.

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Speaker 7: Thanks Michael.

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Speaker 3: Time now for our Bloomberg Sportes update, and for that

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Speaker 3: we bring in Dan Schwartzman.

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Speaker 9: The field of sixty eight is said with Duke the

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Speaker 9: overall top seed for this year's NCAA tournament, with Arizona

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Speaker 9: Michigan of Florida joining the Blue Devils as number one seeds.

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Speaker 9: The tournament gets underway Tuesday with the first two first

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Speaker 9: four matchups. The women's bracket also set with reigning champion

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Speaker 9: ukon the top overall seed, with UCLA, Texas and South

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Speaker 9: Carolina joining the undefeated Huskies as number one seeds. Team

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Speaker 9: USA advancing to the final the World Baseball Classic, where

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Speaker 9: a two to one win over the Dominican Republic at

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Speaker 9: lone Depot Park in Miami as closer Mason Miller struck

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Speaker 9: at Heraldo Perdomo and the game the US awaits the

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Speaker 9: winner of Venezuela and Italy, who played this evening first

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Speaker 9: pitch at eight pm Eastern time. Cameron Young picks up

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Speaker 9: his second PGA Tour victory, winning the TPC Sawgrass by

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Speaker 9: one stroke over Matphitzpatrick. That's your Bloomberg Sports update.

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Speaker 3: Stay with us more from Bloomberg day Break coming up

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Speaker 3: 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 app. This is Bloomberg Daybreak.

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Speaker 3: And as we mentioned, we are entering week three of

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Speaker 3: the war on Iran and the President is demanding seven

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Speaker 3: countries send warships to keep this straight of horror moves open.

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Speaker 3: He made the comments on air Force one.

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Speaker 4: It's the place from which they get their energy and

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Speaker 4: they should come and they should help.

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Speaker 3: Was reject and the comments come as Iranian strikes continue

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Speaker 3: to rain down on golf countries and the key port

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Speaker 3: of Foudjira and the United Arab Emirates was hit again.

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Speaker 3: Joining us for the very latest from Dubai, we have

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Speaker 3: Owner on to Bloombergy, Managing editor for the Middle East

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Speaker 3: and North Africa. Owner, Good morning, can you bring us

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Speaker 3: up today? What is the latest on the fighting this morning?

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Speaker 14: Good morning, Yeah, the fighting and the fighting entered its

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Speaker 14: seventeenth day to day and we saw a continuation of

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Speaker 14: attacks in both directions. Iran's missile and drone attacks continued

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Speaker 14: to focus on Arab states in the Persian golf with

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Speaker 14: Dubai and the United Arab Aermates in general emerging as

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Speaker 14: the focal point of attacks. We have seen a fire

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Speaker 14: in Dubai's International airport that's the busiest aviation hub in

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Speaker 14: the world earlier this morning, following a drawn incident in

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Speaker 14: the vicinity of the airport, and there was a temporary

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Speaker 14: suspension in flights out of the airport, followed by reports

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Speaker 14: of a second attack in as many days at the

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Speaker 14: Fujira Oil Port or the UAE. That's an important port

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Speaker 14: because it's one of the key outlets for oil exports

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Speaker 14: out of the UE that currently lies outside of the

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Speaker 14: Strait of Hormus, which as you know, has been effectively

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Speaker 14: closed to vessel traffic since the fighting began. We have

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Speaker 14: also seen the beginning of a new wave of attacks

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Speaker 14: by Israel on Iran, especially on infrastructure assets in the

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Speaker 14: Iranian capital of Tehran.

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Speaker 3: Has there been any indication, because we did hear this

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Speaker 3: call from the President he was hoping to get some

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Speaker 3: help in the straight of horror Moose. He wanted some

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Speaker 3: worships from some NATO countries. Has there been any indication

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Speaker 3: that anyone else is going to come help secure the

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Speaker 3: Strait of Hormuse.

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Speaker 6: Well, most of the countries that he called upon mentioning

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Speaker 6: their names have either said no or they have They

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Speaker 6: have kept quite so far, with the exception of the

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Speaker 6: E E EU.

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Speaker 14: We have seen reports over the weekend and earlier today

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Speaker 14: that the EU is going to consider, although a decision

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Speaker 14: today is unlikely, they are going to consider expanding the

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Speaker 14: mandate of an existing naval mission in the region.

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Speaker 6: The EU already.

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Speaker 14: Has the so called Aspides mission that's that's there to

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Speaker 14: support security for vessels going through Babel Mandab through the

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Speaker 14: Red Sea to Swiss Canal. It's been there for some

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Speaker 14: time now. It began after the Hoofy attacks during the

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Speaker 14: Israel Gaza war. Now there is a possibility that the

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Speaker 14: EU might consider expanding the scope of that mission to

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Speaker 14: provide support and security assistance to vessels that may be

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Speaker 14: able to transit the Strait of Horn. But it is

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Speaker 14: not clear that it's definitely going to decide in favor

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Speaker 14: of such an expansion.

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Speaker 3: But meanwhile, the President is saying that Iran is talking

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Speaker 3: and they actually want to make a deal badly to

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Speaker 3: end this war. Has there been any indication that that's

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Speaker 3: the case.

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Speaker 14: President Trump has repeatedly said that Iranians want to talk

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Speaker 14: and reach a deal to end the war. He has

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Speaker 14: done that various times over the past seventeen days. In

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Speaker 14: each case, we have seen a similar reaction from Tehran,

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Speaker 14: and we have seen the same Yesterday, Iranian Foreign Minister

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Speaker 14: Abbas Arakchi said that Iran is not seeking to talk

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Speaker 14: with the US or a cease fire with the US,

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Speaker 14: and that they are ready to sustain this war longer

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Speaker 14: than anybody else anticipated, possibly six months or more, and

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Speaker 14: that they do not want to reach any conclusion that

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Speaker 14: would leave the door open for future attacks only isla

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Speaker 14: lumic republic, which Day said has been the case in

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Speaker 14: the last two rounds of conversations that took place, most

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Speaker 14: recent in February and then earlier than that in June

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Speaker 14: of last year. And during both of those negotiations, the

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Speaker 14: US left negotiations in the middle of it and basically

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Speaker 14: attacked the country.

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Speaker 6: And they said they do not want a repeat of it.

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Speaker 3: Wow. This is Bloomberg Daybreak, your morning podcast on the

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