Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 2: Karen, it's day twenty six of the war with Iran,
Speaker 2: but hopes are building for a diplomatic solution. President Trump
Speaker 2: says talks are underway to try to end the fighting.
Speaker 1: We're in negotiations right now.
Speaker 3: They're doing it along with Marco jd.
Speaker 4: We have a number of people doing it, and the
Speaker 4: other side, I can tell you they'd like to make
Speaker 4: a deal.
Speaker 2: President Trump spoke from the White House as the US
Speaker 2: has drafted a deal to bring the conflict to a close.
Speaker 2: We get the details from Bloomberg's Jumana Borsecci in Dubai.
Speaker 5: A fifteen point proposal has been submitted to the Iranians
Speaker 5: via Pakistan. This fifteen point proposal is very similar to
Speaker 5: some of the terms that the US had set out
Speaker 5: prior to the war, even started reiterating some of the
Speaker 5: key points. A commitment to pursue nuclear weapons, the smantling
Speaker 5: of key nuclear sites, limited missile program, and a diaminant
Speaker 5: of proxy funding. But there is one new element, and
Speaker 5: that is the US. Of course, are insisting on a
Speaker 5: full reopening of the Strait of Hormless.
Speaker 2: Bloomberg Johanna Brissetti reports IRUN has yet to comment formally
Speaker 2: on the proposal, it did keep up drone and missile
Speaker 2: attacks on Israel and golf are of States overnight. At
Speaker 2: the same time, Bloomberg News has learned that the Trump
Speaker 2: Administration's ordered about two thousand soldiers from the eighty second
Speaker 2: Airborne to deploy to the Middle East. Officials have not
Speaker 2: said what they'll be used for, but they could play
Speaker 2: support roles or lead the way for a ground attack.
Speaker 3: Well, Nathan, we are seeing oil decline over the latest developments.
Speaker 3: Right now nimex screwede oil is down five and a
Speaker 3: quarter percent. Is it eighty seven dollars forty seven cents
Speaker 3: a barrel? Brent is a ninety eight dollars eighty nine
Speaker 3: cents black roxy Eilary Fing was asked by the BBC
Speaker 3: what the long term consequences of the war might be.
Speaker 6: If there's a cessation of war and yet remains a threat,
Speaker 6: a threat to trade, a threat to the to the
Speaker 6: streets of harmouth that I would argue that we could
Speaker 6: have years years of you know, above one hundred dollars
Speaker 6: closer to one hundred and fifty dollars oil.
Speaker 5: What happens to the glebe La call me. If that happens,
Speaker 5: how do we see it?
Speaker 3: We'll have global reception and Mary Fink added he could
Speaker 3: see high oil prices affecting the expansion of AI and
Speaker 3: the US.
Speaker 2: And Europe and if the war continues Karen. United Airlines
Speaker 2: is warning its customers they may have to pay more
Speaker 2: for tickets. CEO Scott Kirby spoke with Bloomberg's Lisa Brahmowitz
Speaker 2: in Los Angeles.
Speaker 7: There will be less demand, There'll be fewer people traveling
Speaker 7: nice prices go up. That's part of our cut capacity
Speaker 7: five percent. Like you know, when airfares have to go
Speaker 7: up because of oil prices, there are going to be
Speaker 7: some people that choose not to fly. And it'd be
Speaker 7: naive not to realize that if wil price has stayed
Speaker 7: where they are today, that's eleven billion of expense for
Speaker 7: US and that would require prices to be up twenty
Speaker 7: percent to break even.
Speaker 2: United CEO Scott Kirby says at the moment, demand remain
Speaker 2: means very strong. You can catch the full conversation on
Speaker 2: the new video experience on the Bloomberg Business app mon Nathan.
Speaker 3: We now turned to the latest on that deadly plane
Speaker 3: crash at LaGuardia Airport. A system designed to help air
Speaker 3: traffic controllers monitor vehicles and airplanes on the ground failed
Speaker 3: to alert personnel before an Air Canada ExpressJet collided with
Speaker 3: a fire truck, killing the two pilots. Federal investigators say
Speaker 3: one of only two air traffic controllers on duty cleared
Speaker 3: a fire truck across a runway just twelve seconds before
Speaker 3: the flight touched down. Here's National Transportation Safety Board Jennifer Hammondy, the.
Speaker 8: Controller in charge was also doing the duties of the
Speaker 8: clearance delivery position that the clearance delivery controller provides pilots
Speaker 8: with their departure.
Speaker 3: Clearance, and as National Transportation Safety Board share Jennifer Hammandy,
Speaker 3: who says, among the areas being explored or whether the
Speaker 3: common practice of two controllers on duty overnight is enough.
Speaker 2: Turning to the nation's capital, now, Karen Senate Democrats, I've
Speaker 2: rejected the latest offer from President Trump and Republicans to
Speaker 2: fund most of the Department of Homeland Security and end
Speaker 2: a lengthy shutdown that has snarled airport's security checkpoints and
Speaker 2: threatened to ripple through an economy already royaled by war.
Speaker 2: Senate Minority Leader Chuck Schumer says Democrats will send a
Speaker 2: counteroffer to Republicans.
Speaker 8: Republicans can hopefully now come back to the table and
Speaker 8: get serious about reaching a solution to pay TSA workers asap.
Speaker 2: Senate Democratic Leader Chuck Schumer says the GOP plan does
Speaker 2: not include any of the policy reforms and immigration and
Speaker 2: customs enforcement that they've insisted on. Here's House Speaker Mike Johnson,
Speaker 2: so I can.
Speaker 9: Tell you the House is funded DHS twice.
Speaker 10: We're prepared to do it again, completely fond the entire
Speaker 10: department that is a responsible to do this thing.
Speaker 7: So we've been very resistant to any.
Speaker 3: Idea to break you apart.
Speaker 2: House Speaker Mike Johnson says the Republican offer would have
Speaker 2: funded ninety four percent of DHS, but leave out five
Speaker 2: and a half billion dollars for ice enforcement.
Speaker 3: Well. Nathan, a Democrat, is boysed to represent President Trump
Speaker 3: and ismral Lago residents in the Florida State House of Representatives.
Speaker 3: According to Decision Desk HH, Democrat Emily Gregory is predicted
Speaker 3: to defeat her Republican opponent John Maples and a special election.
Speaker 3: Gregory got fifty one percent of the vote compared with
Speaker 3: forty nine for Maples. Republicans hold a wide majority in
Speaker 3: the Florida State House, so the upset will have little
Speaker 3: effect on state politics, but it represents a symbolic win
Speaker 3: for Democrats ahead of the midterms. President Trump cast a
Speaker 3: mail in ballot in Florida as he continues to publicly
Speaker 3: bash the voting method as a source of fraud.
Speaker 2: Well Judge Karen is bashing the Trump administration's rationale for
Speaker 2: banning the federal government's use of artificial intelligence technology from Anthropic.
Speaker 2: Federal judge says the government's decision does not appear to
Speaker 2: be quote tailored to the stated national security concern and
Speaker 2: looks like an attempt to cripple Anthropic. The maker of
Speaker 2: the Claude chatbot, claims that the Pentagon's ban could cost
Speaker 2: it billions of dollars in lost revenue.
Speaker 3: News Nathan SpaceX's reportedly aiming to file a perspective for
Speaker 3: an initial public offering as soon as this week. The
Speaker 3: Information reports Elon Musk Company could try to raise more
Speaker 3: than seventy five billion dollars. That capital raising would shatter
Speaker 3: the previous high watermark set by Saudia Ramcos twenty nine
Speaker 3: billion dollar listing in twenty nineteen.
Speaker 2: And Karen Meta Platforms is offering its top executives stock
Speaker 2: options for the first time since it's twenty twelve IPO
Speaker 2: as part of an effort to retain and compensate executives.
Speaker 2: The new options are outlined in company filings. They will
Speaker 2: be released if Meta hits ambitious stock price milestones over
Speaker 2: coming years.
Speaker 3: And a programming note, Nathan Markets make cloths on Fridays,
Speaker 3: but the world does not, and that's why we're bringing
Speaker 3: you a new live radio and TV show. Bloomberg This
Speaker 3: Weekend is looking beyond the daily headline, so the bigger
Speaker 3: themes driving politics, business and culture. Joined David Gurek, Christina Raffini,
Speaker 3: and Lisa Matteo for smart conversations and in depth interviews
Speaker 3: that help make sense of the week that's been and
Speaker 3: what comes next. Get Bloomberg This Week and live Saturdays
Speaker 3: and Sundays from seven am Eastern on Bloomberg Radio, TV
Speaker 3: and the Bloomberg Business app. Time Now for look at
Speaker 3: some of the other stories making news in new York
Speaker 3: and around the world. And for that we're John by
Speaker 3: Bloomberg's Monica Rich Monica, good morning.
Speaker 9: Hey, Good morning, Karen. Delta suspending specialty services now for Congress.
Speaker 9: As a partial government shutdown continues and TSA delays get longer.
Speaker 9: Lawmakers can typically get through security screenings quicker, and they
Speaker 9: have escorts to bypass long lines. They also have a
Speaker 9: dedicated reservation desk that, among other things, allows them to
Speaker 9: make some last minute changes. But Delta says the priority
Speaker 9: now is taking care of its staff and customers, which
Speaker 9: they say is becoming increasingly difficult.
Speaker 10: Hi Dow Salling, swe Marlen mull markway Mullen.
Speaker 3: Martin Wayn.
Speaker 9: Mullen has been sworn in as the new Secretary of
Speaker 9: Homeland Security and says he's ready to get to work
Speaker 9: and get TSA workers paid.
Speaker 10: They're working with for free because of political politics. That's
Speaker 10: all I need to know. I tell him, was your
Speaker 10: fight in three inner sixty five days? Understand I'll be
Speaker 10: fighting three inner sixty days, three hundred six five days
Speaker 10: beside you.
Speaker 9: Energy Executive Allan Armstrong was tapped by Oklahoma Governor Kevin
Speaker 9: stid to fill Mullen's Senate seat. He was also sworn
Speaker 9: in yesterday. Denmark's election is still unconclusive right now, which
Speaker 9: means the prime Minister's future is still in limbo this morning.
Speaker 9: It was an early election following President Trump's threats to
Speaker 9: take over Greenland, and results show that Prime Minister Meta
Speaker 9: Frederickson's left leaning campaign lost ground compared with the country's
Speaker 9: last election in twenty twenty two. Neither party won a
Speaker 9: majority in parliament, and Meta has been ordered to pay
Speaker 9: three hundred and seventy five million dollars in damages now
Speaker 9: after a jury in New Mexico ruled that Meta misled
Speaker 9: teenagers in the state about the safety of its social networks.
Speaker 9: Jurors say the company new apps like Facebook and Instagram
Speaker 9: have become breeding grounds for sexual predators. There's a similar
Speaker 9: trial that said to happen later this year in California.
Speaker 9: Global News twenty four four hours a day and whenever
Speaker 9: you want it with Bloomberg News Now. I'm Monica Ricks
Speaker 9: and this is Bloomberg Karen.
Speaker 3: Thanks Monica. Time now for our Bloomberg Sports update, and
Speaker 3: for that we bring in John Stashower.
Speaker 11: Thanks Karen. Hasn't expected in North Carolina. Has spired basketball
Speaker 11: coach Ubert Davis after five years on the job. The
Speaker 11: tar Heels in the first round of the NCAA Tournament,
Speaker 11: blew a nineteen point lead and lost to VCU. The
Speaker 11: Heels oh Davis five million. Joe Flacco not done at
Speaker 11: age forty one. He'll play a nineteen season. He signed
Speaker 11: with Cincinnati, where he'll be the backup to Joe Burrow.
Speaker 11: The baseball season begins tonight with one game. It's the
Speaker 11: Yankees in San Francisco. That's your Bloomberg Sports update.
Speaker 3: Stay with us. More from Bloomberg day Break coming up after.
Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 2: Good morning, I'm Nathan Hager. On day twenty six, the
Speaker 2: US Israeli War, where Iran the US is pushing diplomacy.
Speaker 2: Pakistan says Iran has received a fifteen point piece plan
Speaker 2: from the US At the White House, President Trump says
Speaker 2: Iran wants to make a deal.
Speaker 4: I don't like to say this.
Speaker 11: We've won this.
Speaker 3: This war has been one the only one that likes
Speaker 3: to keep it going?
Speaker 2: Is the fake news that was President Trump speaking at
Speaker 2: the White House this morning. We're joined from Dubai by
Speaker 2: Bloomberg New Senior Middle East reporter Sam Dagger. Sam, Good morning.
Speaker 2: What more do we know about this fifteen point plan
Speaker 2: and whether Iran may be open to it?
Speaker 4: Good morning, Good morning to you and your listeners. Yeah,
Speaker 4: I mean, obviously there's still a lot of uncertainty over
Speaker 4: the structure of negotiations, who is going to be participating
Speaker 4: on the Iranian side, how any deal would be structured
Speaker 4: at the stage. So obviously a lot of positive talk
Speaker 4: from the White House from President Trump, but a lot
Speaker 4: of unknowns on this side. We just heard actually earlier
Speaker 4: today from the spokesman for Iran's Islamic Revolutionary Guard Corps
Speaker 4: and the Armed Forces. His name is Lieutenant Colonel Ibrahim Zolviegari,
Speaker 4: and he had some pretty, you know, strong words. He said,
Speaker 4: addressing President Trump. You know, and I'm quoting here, have
Speaker 4: your internal conflicts reached the point where you're negotiating with yourselves?
Speaker 4: And he says again I'm quoting in here. He says,
Speaker 4: our first and last word has been the same from
Speaker 4: day one. It will stay that way, someone like us
Speaker 4: will never come to terms with someone like you. Again,
Speaker 4: it's Alvigari addressing President Trump. He said, not now, not ever,
Speaker 4: so accoting to Iran, at least the people who are
Speaker 4: calling the shots on the ground, the IRGC. There are
Speaker 4: no negotiations.
Speaker 2: But at the same time, though we have heard, though,
Speaker 2: haven't we that Pakistan has delivered this peace plan to Iran?
Speaker 11: What more do we know about that?
Speaker 2: And what the parameters of this plan could be?
Speaker 4: Yeah, I mean it could be potentially, you know, the
Speaker 4: people on the civilian side, I mean, people like the
Speaker 4: Foreign Minister about Sarrazi, who had been leading negotiations before
Speaker 4: the start of the war. It could be people like
Speaker 4: you know, the Speaker of Parliament, a very powerful figure
Speaker 4: right now in the regime, Mohammed Baker Galibav But he's
Speaker 4: come out also, and I mean a couple of days
Speaker 4: ago and says, you know that the condition for any
Speaker 4: talks with the US would be, uh, you know, the
Speaker 4: Iranian people, as he said, demand complete and remorseful punishment
Speaker 4: of the aggressors. And I mean there have been reports
Speaker 4: that Iran is basically saying, yes, it will talk to
Speaker 4: the US, as long as you know, it receives a
Speaker 4: legally binding guarantees that would against any future attacks by
Speaker 4: Israel in the US. It also wants apparently again reportedly
Speaker 4: billions in reparations for damage caused by the war. It
Speaker 4: wants sanctions to be lifted. It also wants to formalize
Speaker 4: control over the Strait of Her Moves, and it's already
Speaker 4: charging transit fees. I mean, we've reported that here at Bloomberg,
Speaker 4: and it has circulated a letter among members of the
Speaker 4: International Maritime Organization saying that any passage through the Strait
Speaker 4: of Her Moves has to be in coordination with again
Speaker 4: I'm quoting them here the letter, in coordination with competent authorities.
Speaker 2: We have just thirty seconds left here, Dan, But we're
Speaker 2: hearing as well that the US is sending even more
Speaker 2: forces to the Middle East. What kind of impact could
Speaker 2: that have?
Speaker 4: Correct And again I can tell you the posture here
Speaker 4: of Gulf states, I mean where I'm sitting in the UAE,
Speaker 4: and to certain Saudi Arabia, they feel like almost military
Speaker 4: confrontation with Iran at this stage is almost inevitable. I mean,
Speaker 4: they have been discussing military options. There was a meeting
Speaker 4: in Riyad last week where that was on the table.
Speaker 4: We're hearing very strong language from the UA to Foreign
Speaker 4: miniSTR a couple of days ago said we will no
Speaker 4: negotiate with terrorist.
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