WEBVTT - Trump's 15-Point Peace Plan; Flight Prices Set to Rise

0:00:02.520 --> 0:00:09.039
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:09.960 --> 0:00:10.520
<v Speaker 2>Good morning.

0:00:10.560 --> 0:00:13.399
<v Speaker 3>I'm Nathan Hager and I'm Karen Moscow. Here are the

0:00:13.440 --> 0:00:14.920
<v Speaker 3>stories we're following today.

0:00:15.560 --> 0:00:17.919
<v Speaker 2>Karen, it's day twenty six of the war with Iran,

0:00:18.000 --> 0:00:21.480
<v Speaker 2>but hopes are building for a diplomatic solution. President Trump

0:00:21.480 --> 0:00:24.119
<v Speaker 2>says talks are underway to try to end the fighting.

0:00:24.280 --> 0:00:25.919
<v Speaker 1>We're in negotiations right now.

0:00:26.600 --> 0:00:28.520
<v Speaker 3>They're doing it along with Marco jd.

0:00:29.440 --> 0:00:31.960
<v Speaker 4>We have a number of people doing it, and the

0:00:32.000 --> 0:00:33.839
<v Speaker 4>other side, I can tell you they'd like to make

0:00:33.880 --> 0:00:34.240
<v Speaker 4>a deal.

0:00:34.680 --> 0:00:37.200
<v Speaker 2>President Trump spoke from the White House as the US

0:00:37.200 --> 0:00:39.960
<v Speaker 2>has drafted a deal to bring the conflict to a close.

0:00:40.200 --> 0:00:43.120
<v Speaker 2>We get the details from Bloomberg's Jumana Borsecci in Dubai.

0:00:43.479 --> 0:00:47.320
<v Speaker 5>A fifteen point proposal has been submitted to the Iranians

0:00:47.560 --> 0:00:52.400
<v Speaker 5>via Pakistan. This fifteen point proposal is very similar to

0:00:52.440 --> 0:00:54.279
<v Speaker 5>some of the terms that the US had set out

0:00:54.320 --> 0:00:58.640
<v Speaker 5>prior to the war, even started reiterating some of the

0:00:58.720 --> 0:01:02.040
<v Speaker 5>key points. A commitment to pursue nuclear weapons, the smantling

0:01:02.080 --> 0:01:05.520
<v Speaker 5>of key nuclear sites, limited missile program, and a diaminant

0:01:05.600 --> 0:01:08.600
<v Speaker 5>of proxy funding. But there is one new element, and

0:01:08.640 --> 0:01:11.320
<v Speaker 5>that is the US. Of course, are insisting on a

0:01:11.360 --> 0:01:13.959
<v Speaker 5>full reopening of the Strait of Hormless.

0:01:14.040 --> 0:01:17.840
<v Speaker 2>Bloomberg Johanna Brissetti reports IRUN has yet to comment formally

0:01:17.920 --> 0:01:20.679
<v Speaker 2>on the proposal, it did keep up drone and missile

0:01:20.720 --> 0:01:24.120
<v Speaker 2>attacks on Israel and golf are of States overnight. At

0:01:24.160 --> 0:01:25.920
<v Speaker 2>the same time, Bloomberg News has learned that the Trump

0:01:25.920 --> 0:01:29.240
<v Speaker 2>Administration's ordered about two thousand soldiers from the eighty second

0:01:29.240 --> 0:01:31.920
<v Speaker 2>Airborne to deploy to the Middle East. Officials have not

0:01:32.000 --> 0:01:34.080
<v Speaker 2>said what they'll be used for, but they could play

0:01:34.080 --> 0:01:37.080
<v Speaker 2>support roles or lead the way for a ground attack.

0:01:37.440 --> 0:01:40.840
<v Speaker 3>Well, Nathan, we are seeing oil decline over the latest developments.

0:01:40.920 --> 0:01:43.480
<v Speaker 3>Right now nimex screwede oil is down five and a

0:01:43.560 --> 0:01:47.080
<v Speaker 3>quarter percent. Is it eighty seven dollars forty seven cents

0:01:47.120 --> 0:01:50.280
<v Speaker 3>a barrel? Brent is a ninety eight dollars eighty nine

0:01:50.320 --> 0:01:53.320
<v Speaker 3>cents black roxy Eilary Fing was asked by the BBC

0:01:53.400 --> 0:01:56.080
<v Speaker 3>what the long term consequences of the war might be.

0:01:56.480 --> 0:02:01.200
<v Speaker 6>If there's a cessation of war and yet remains a threat,

0:02:01.720 --> 0:02:04.800
<v Speaker 6>a threat to trade, a threat to the to the

0:02:04.960 --> 0:02:07.880
<v Speaker 6>streets of harmouth that I would argue that we could

0:02:07.960 --> 0:02:12.160
<v Speaker 6>have years years of you know, above one hundred dollars

0:02:12.200 --> 0:02:13.800
<v Speaker 6>closer to one hundred and fifty dollars oil.

0:02:13.960 --> 0:02:16.600
<v Speaker 5>What happens to the glebe La call me. If that happens,

0:02:16.680 --> 0:02:17.400
<v Speaker 5>how do we see it?

0:02:17.440 --> 0:02:20.079
<v Speaker 3>We'll have global reception and Mary Fink added he could

0:02:20.120 --> 0:02:23.079
<v Speaker 3>see high oil prices affecting the expansion of AI and

0:02:23.160 --> 0:02:24.040
<v Speaker 3>the US.

0:02:23.800 --> 0:02:26.679
<v Speaker 2>And Europe and if the war continues Karen. United Airlines

0:02:26.760 --> 0:02:28.840
<v Speaker 2>is warning its customers they may have to pay more

0:02:28.880 --> 0:02:32.680
<v Speaker 2>for tickets. CEO Scott Kirby spoke with Bloomberg's Lisa Brahmowitz

0:02:32.720 --> 0:02:33.640
<v Speaker 2>in Los Angeles.

0:02:33.800 --> 0:02:36.000
<v Speaker 7>There will be less demand, There'll be fewer people traveling

0:02:36.080 --> 0:02:38.280
<v Speaker 7>nice prices go up. That's part of our cut capacity

0:02:38.280 --> 0:02:41.200
<v Speaker 7>five percent. Like you know, when airfares have to go

0:02:41.280 --> 0:02:43.240
<v Speaker 7>up because of oil prices, there are going to be

0:02:43.240 --> 0:02:44.959
<v Speaker 7>some people that choose not to fly. And it'd be

0:02:45.040 --> 0:02:47.600
<v Speaker 7>naive not to realize that if wil price has stayed

0:02:47.600 --> 0:02:51.840
<v Speaker 7>where they are today, that's eleven billion of expense for

0:02:51.960 --> 0:02:55.280
<v Speaker 7>US and that would require prices to be up twenty

0:02:55.400 --> 0:02:57.000
<v Speaker 7>percent to break even.

0:02:57.320 --> 0:03:00.000
<v Speaker 2>United CEO Scott Kirby says at the moment, demand remain

0:03:00.000 --> 0:03:02.920
<v Speaker 2>means very strong. You can catch the full conversation on

0:03:02.960 --> 0:03:06.680
<v Speaker 2>the new video experience on the Bloomberg Business app mon Nathan.

0:03:06.720 --> 0:03:09.239
<v Speaker 3>We now turned to the latest on that deadly plane

0:03:09.240 --> 0:03:12.359
<v Speaker 3>crash at LaGuardia Airport. A system designed to help air

0:03:12.400 --> 0:03:15.720
<v Speaker 3>traffic controllers monitor vehicles and airplanes on the ground failed

0:03:15.760 --> 0:03:19.800
<v Speaker 3>to alert personnel before an Air Canada ExpressJet collided with

0:03:19.840 --> 0:03:23.600
<v Speaker 3>a fire truck, killing the two pilots. Federal investigators say

0:03:23.639 --> 0:03:27.280
<v Speaker 3>one of only two air traffic controllers on duty cleared

0:03:27.280 --> 0:03:30.799
<v Speaker 3>a fire truck across a runway just twelve seconds before

0:03:30.880 --> 0:03:35.920
<v Speaker 3>the flight touched down. Here's National Transportation Safety Board Jennifer Hammondy, the.

0:03:35.920 --> 0:03:39.040
<v Speaker 8>Controller in charge was also doing the duties of the

0:03:39.120 --> 0:03:45.560
<v Speaker 8>clearance delivery position that the clearance delivery controller provides pilots

0:03:45.600 --> 0:03:46.960
<v Speaker 8>with their departure.

0:03:46.480 --> 0:03:50.920
<v Speaker 3>Clearance, and as National Transportation Safety Board share Jennifer Hammandy,

0:03:50.960 --> 0:03:53.560
<v Speaker 3>who says, among the areas being explored or whether the

0:03:53.600 --> 0:03:57.240
<v Speaker 3>common practice of two controllers on duty overnight is enough.

0:03:57.440 --> 0:04:00.200
<v Speaker 2>Turning to the nation's capital, now, Karen Senate Democrats, I've

0:04:00.200 --> 0:04:03.200
<v Speaker 2>rejected the latest offer from President Trump and Republicans to

0:04:03.280 --> 0:04:06.200
<v Speaker 2>fund most of the Department of Homeland Security and end

0:04:06.280 --> 0:04:10.440
<v Speaker 2>a lengthy shutdown that has snarled airport's security checkpoints and

0:04:10.520 --> 0:04:13.280
<v Speaker 2>threatened to ripple through an economy already royaled by war.

0:04:13.480 --> 0:04:16.919
<v Speaker 2>Senate Minority Leader Chuck Schumer says Democrats will send a

0:04:17.080 --> 0:04:18.520
<v Speaker 2>counteroffer to Republicans.

0:04:18.960 --> 0:04:21.800
<v Speaker 8>Republicans can hopefully now come back to the table and

0:04:21.839 --> 0:04:26.400
<v Speaker 8>get serious about reaching a solution to pay TSA workers asap.

0:04:26.760 --> 0:04:29.800
<v Speaker 2>Senate Democratic Leader Chuck Schumer says the GOP plan does

0:04:29.839 --> 0:04:32.560
<v Speaker 2>not include any of the policy reforms and immigration and

0:04:32.560 --> 0:04:36.279
<v Speaker 2>customs enforcement that they've insisted on. Here's House Speaker Mike Johnson,

0:04:36.680 --> 0:04:37.120
<v Speaker 2>so I can.

0:04:37.040 --> 0:04:39.120
<v Speaker 9>Tell you the House is funded DHS twice.

0:04:39.120 --> 0:04:41.640
<v Speaker 10>We're prepared to do it again, completely fond the entire

0:04:41.680 --> 0:04:44.200
<v Speaker 10>department that is a responsible to do this thing.

0:04:44.279 --> 0:04:46.560
<v Speaker 7>So we've been very resistant to any.

0:04:46.680 --> 0:04:47.719
<v Speaker 3>Idea to break you apart.

0:04:47.839 --> 0:04:50.240
<v Speaker 2>House Speaker Mike Johnson says the Republican offer would have

0:04:50.240 --> 0:04:53.240
<v Speaker 2>funded ninety four percent of DHS, but leave out five

0:04:53.279 --> 0:04:55.520
<v Speaker 2>and a half billion dollars for ice enforcement.

0:04:55.960 --> 0:04:59.320
<v Speaker 3>Well. Nathan, a Democrat, is boysed to represent President Trump

0:04:59.360 --> 0:05:03.320
<v Speaker 3>and ismral Lago residents in the Florida State House of Representatives.

0:05:03.320 --> 0:05:08.160
<v Speaker 3>According to Decision Desk HH, Democrat Emily Gregory is predicted

0:05:08.200 --> 0:05:11.800
<v Speaker 3>to defeat her Republican opponent John Maples and a special election.

0:05:12.200 --> 0:05:14.640
<v Speaker 3>Gregory got fifty one percent of the vote compared with

0:05:14.680 --> 0:05:18.279
<v Speaker 3>forty nine for Maples. Republicans hold a wide majority in

0:05:18.320 --> 0:05:20.599
<v Speaker 3>the Florida State House, so the upset will have little

0:05:20.600 --> 0:05:23.880
<v Speaker 3>effect on state politics, but it represents a symbolic win

0:05:23.960 --> 0:05:27.120
<v Speaker 3>for Democrats ahead of the midterms. President Trump cast a

0:05:27.200 --> 0:05:30.520
<v Speaker 3>mail in ballot in Florida as he continues to publicly

0:05:30.560 --> 0:05:32.800
<v Speaker 3>bash the voting method as a source of fraud.

0:05:33.120 --> 0:05:37.240
<v Speaker 2>Well Judge Karen is bashing the Trump administration's rationale for

0:05:37.360 --> 0:05:42.160
<v Speaker 2>banning the federal government's use of artificial intelligence technology from Anthropic.

0:05:42.640 --> 0:05:45.800
<v Speaker 2>Federal judge says the government's decision does not appear to

0:05:45.839 --> 0:05:49.640
<v Speaker 2>be quote tailored to the stated national security concern and

0:05:49.880 --> 0:05:53.640
<v Speaker 2>looks like an attempt to cripple Anthropic. The maker of

0:05:53.720 --> 0:05:57.279
<v Speaker 2>the Claude chatbot, claims that the Pentagon's ban could cost

0:05:57.320 --> 0:05:59.359
<v Speaker 2>it billions of dollars in lost revenue.

0:06:00.080 --> 0:06:03.200
<v Speaker 3>News Nathan SpaceX's reportedly aiming to file a perspective for

0:06:03.240 --> 0:06:05.960
<v Speaker 3>an initial public offering as soon as this week. The

0:06:05.960 --> 0:06:09.560
<v Speaker 3>Information reports Elon Musk Company could try to raise more

0:06:09.560 --> 0:06:13.520
<v Speaker 3>than seventy five billion dollars. That capital raising would shatter

0:06:13.560 --> 0:06:17.320
<v Speaker 3>the previous high watermark set by Saudia Ramcos twenty nine

0:06:17.360 --> 0:06:19.400
<v Speaker 3>billion dollar listing in twenty nineteen.

0:06:19.640 --> 0:06:22.719
<v Speaker 2>And Karen Meta Platforms is offering its top executives stock

0:06:22.760 --> 0:06:26.000
<v Speaker 2>options for the first time since it's twenty twelve IPO

0:06:26.120 --> 0:06:29.080
<v Speaker 2>as part of an effort to retain and compensate executives.

0:06:29.440 --> 0:06:32.080
<v Speaker 2>The new options are outlined in company filings. They will

0:06:32.080 --> 0:06:35.560
<v Speaker 2>be released if Meta hits ambitious stock price milestones over

0:06:35.640 --> 0:06:36.240
<v Speaker 2>coming years.

0:06:36.600 --> 0:06:39.880
<v Speaker 3>And a programming note, Nathan Markets make cloths on Fridays,

0:06:39.880 --> 0:06:42.240
<v Speaker 3>but the world does not, and that's why we're bringing

0:06:42.279 --> 0:06:45.039
<v Speaker 3>you a new live radio and TV show. Bloomberg This

0:06:45.120 --> 0:06:47.520
<v Speaker 3>Weekend is looking beyond the daily headline, so the bigger

0:06:47.560 --> 0:06:51.880
<v Speaker 3>themes driving politics, business and culture. Joined David Gurek, Christina Raffini,

0:06:51.920 --> 0:06:55.720
<v Speaker 3>and Lisa Matteo for smart conversations and in depth interviews

0:06:55.720 --> 0:06:57.840
<v Speaker 3>that help make sense of the week that's been and

0:06:57.880 --> 0:07:01.160
<v Speaker 3>what comes next. Get Bloomberg This Week and live Saturdays

0:07:01.200 --> 0:07:04.719
<v Speaker 3>and Sundays from seven am Eastern on Bloomberg Radio, TV

0:07:05.160 --> 0:07:10.360
<v Speaker 3>and the Bloomberg Business app. Time Now for look at

0:07:10.360 --> 0:07:12.080
<v Speaker 3>some of the other stories making news in new York

0:07:12.080 --> 0:07:13.800
<v Speaker 3>and around the world. And for that we're John by

0:07:13.800 --> 0:07:16.160
<v Speaker 3>Bloomberg's Monica Rich Monica, good morning.

0:07:15.920 --> 0:07:19.960
<v Speaker 9>Hey, Good morning, Karen. Delta suspending specialty services now for Congress.

0:07:20.000 --> 0:07:24.560
<v Speaker 9>As a partial government shutdown continues and TSA delays get longer.

0:07:24.840 --> 0:07:27.880
<v Speaker 9>Lawmakers can typically get through security screenings quicker, and they

0:07:27.920 --> 0:07:31.280
<v Speaker 9>have escorts to bypass long lines. They also have a

0:07:31.280 --> 0:07:34.680
<v Speaker 9>dedicated reservation desk that, among other things, allows them to

0:07:34.720 --> 0:07:37.880
<v Speaker 9>make some last minute changes. But Delta says the priority

0:07:37.920 --> 0:07:41.080
<v Speaker 9>now is taking care of its staff and customers, which

0:07:41.120 --> 0:07:44.160
<v Speaker 9>they say is becoming increasingly difficult.

0:07:44.440 --> 0:07:47.440
<v Speaker 10>Hi Dow Salling, swe Marlen mull markway Mullen.

0:07:47.920 --> 0:07:48.400
<v Speaker 3>Martin Wayn.

0:07:48.440 --> 0:07:51.040
<v Speaker 9>Mullen has been sworn in as the new Secretary of

0:07:51.120 --> 0:07:54.120
<v Speaker 9>Homeland Security and says he's ready to get to work

0:07:54.440 --> 0:07:56.360
<v Speaker 9>and get TSA workers paid.

0:07:56.760 --> 0:08:00.680
<v Speaker 10>They're working with for free because of political politics. That's

0:08:00.720 --> 0:08:02.440
<v Speaker 10>all I need to know. I tell him, was your

0:08:02.480 --> 0:08:04.520
<v Speaker 10>fight in three inner sixty five days? Understand I'll be

0:08:04.600 --> 0:08:07.200
<v Speaker 10>fighting three inner sixty days, three hundred six five days

0:08:07.240 --> 0:08:07.600
<v Speaker 10>beside you.

0:08:07.920 --> 0:08:11.480
<v Speaker 9>Energy Executive Allan Armstrong was tapped by Oklahoma Governor Kevin

0:08:11.600 --> 0:08:14.760
<v Speaker 9>stid to fill Mullen's Senate seat. He was also sworn

0:08:14.800 --> 0:08:19.200
<v Speaker 9>in yesterday. Denmark's election is still unconclusive right now, which

0:08:19.240 --> 0:08:22.320
<v Speaker 9>means the prime Minister's future is still in limbo this morning.

0:08:22.600 --> 0:08:25.480
<v Speaker 9>It was an early election following President Trump's threats to

0:08:25.600 --> 0:08:28.520
<v Speaker 9>take over Greenland, and results show that Prime Minister Meta

0:08:28.560 --> 0:08:33.000
<v Speaker 9>Frederickson's left leaning campaign lost ground compared with the country's

0:08:33.040 --> 0:08:36.240
<v Speaker 9>last election in twenty twenty two. Neither party won a

0:08:36.280 --> 0:08:39.240
<v Speaker 9>majority in parliament, and Meta has been ordered to pay

0:08:39.280 --> 0:08:42.120
<v Speaker 9>three hundred and seventy five million dollars in damages now

0:08:42.200 --> 0:08:45.400
<v Speaker 9>after a jury in New Mexico ruled that Meta misled

0:08:45.480 --> 0:08:48.440
<v Speaker 9>teenagers in the state about the safety of its social networks.

0:08:48.800 --> 0:08:52.600
<v Speaker 9>Jurors say the company new apps like Facebook and Instagram

0:08:52.920 --> 0:08:56.040
<v Speaker 9>have become breeding grounds for sexual predators. There's a similar

0:08:56.080 --> 0:08:58.600
<v Speaker 9>trial that said to happen later this year in California.

0:08:59.080 --> 0:09:01.160
<v Speaker 9>Global News twenty four four hours a day and whenever

0:09:01.240 --> 0:09:04.000
<v Speaker 9>you want it with Bloomberg News Now. I'm Monica Ricks

0:09:04.160 --> 0:09:05.520
<v Speaker 9>and this is Bloomberg Karen.

0:09:06.320 --> 0:09:09.400
<v Speaker 3>Thanks Monica. Time now for our Bloomberg Sports update, and

0:09:09.480 --> 0:09:11.239
<v Speaker 3>for that we bring in John Stashower.

0:09:11.520 --> 0:09:14.680
<v Speaker 11>Thanks Karen. Hasn't expected in North Carolina. Has spired basketball

0:09:14.720 --> 0:09:17.079
<v Speaker 11>coach Ubert Davis after five years on the job. The

0:09:17.120 --> 0:09:19.480
<v Speaker 11>tar Heels in the first round of the NCAA Tournament,

0:09:19.520 --> 0:09:22.079
<v Speaker 11>blew a nineteen point lead and lost to VCU. The

0:09:22.160 --> 0:09:26.000
<v Speaker 11>Heels oh Davis five million. Joe Flacco not done at

0:09:26.040 --> 0:09:28.760
<v Speaker 11>age forty one. He'll play a nineteen season. He signed

0:09:28.960 --> 0:09:31.640
<v Speaker 11>with Cincinnati, where he'll be the backup to Joe Burrow.

0:09:31.679 --> 0:09:34.199
<v Speaker 11>The baseball season begins tonight with one game. It's the

0:09:34.280 --> 0:09:37.600
<v Speaker 11>Yankees in San Francisco. That's your Bloomberg Sports update.

0:09:39.160 --> 0:09:42.679
<v Speaker 3>Stay with us. More from Bloomberg day Break coming up after.

0:09:42.640 --> 0:09:51.200
<v Speaker 1>This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:09:51.480 --> 0:09:54.280
<v Speaker 1>and around the world on Bloomberg dot Com and the

0:09:54.360 --> 0:09:57.439
<v Speaker 1>Bloomberg Business opp This is Bloomberg Daybreak.

0:09:57.600 --> 0:10:00.199
<v Speaker 2>Good morning, I'm Nathan Hager. On day twenty six, the

0:10:00.360 --> 0:10:04.760
<v Speaker 2>US Israeli War, where Iran the US is pushing diplomacy.

0:10:04.960 --> 0:10:09.160
<v Speaker 2>Pakistan says Iran has received a fifteen point piece plan

0:10:09.320 --> 0:10:12.680
<v Speaker 2>from the US At the White House, President Trump says

0:10:12.720 --> 0:10:14.320
<v Speaker 2>Iran wants to make a deal.

0:10:14.720 --> 0:10:15.640
<v Speaker 4>I don't like to say this.

0:10:16.240 --> 0:10:16.880
<v Speaker 11>We've won this.

0:10:17.160 --> 0:10:20.160
<v Speaker 3>This war has been one the only one that likes

0:10:20.200 --> 0:10:20.840
<v Speaker 3>to keep it going?

0:10:21.000 --> 0:10:23.400
<v Speaker 2>Is the fake news that was President Trump speaking at

0:10:23.440 --> 0:10:25.880
<v Speaker 2>the White House this morning. We're joined from Dubai by

0:10:25.960 --> 0:10:29.880
<v Speaker 2>Bloomberg New Senior Middle East reporter Sam Dagger. Sam, Good morning.

0:10:30.000 --> 0:10:33.400
<v Speaker 2>What more do we know about this fifteen point plan

0:10:33.720 --> 0:10:36.280
<v Speaker 2>and whether Iran may be open to it?

0:10:36.360 --> 0:10:41.360
<v Speaker 4>Good morning, Good morning to you and your listeners. Yeah,

0:10:41.400 --> 0:10:44.240
<v Speaker 4>I mean, obviously there's still a lot of uncertainty over

0:10:44.559 --> 0:10:48.880
<v Speaker 4>the structure of negotiations, who is going to be participating

0:10:48.920 --> 0:10:53.480
<v Speaker 4>on the Iranian side, how any deal would be structured

0:10:53.520 --> 0:10:56.720
<v Speaker 4>at the stage. So obviously a lot of positive talk

0:10:57.200 --> 0:10:59.880
<v Speaker 4>from the White House from President Trump, but a lot

0:10:59.920 --> 0:11:05.040
<v Speaker 4>of unknowns on this side. We just heard actually earlier

0:11:05.280 --> 0:11:11.800
<v Speaker 4>today from the spokesman for Iran's Islamic Revolutionary Guard Corps

0:11:11.880 --> 0:11:15.960
<v Speaker 4>and the Armed Forces. His name is Lieutenant Colonel Ibrahim Zolviegari,

0:11:16.480 --> 0:11:19.160
<v Speaker 4>and he had some pretty, you know, strong words. He said,

0:11:20.040 --> 0:11:22.959
<v Speaker 4>addressing President Trump. You know, and I'm quoting here, have

0:11:23.120 --> 0:11:27.800
<v Speaker 4>your internal conflicts reached the point where you're negotiating with yourselves?

0:11:28.480 --> 0:11:31.240
<v Speaker 4>And he says again I'm quoting in here. He says,

0:11:31.320 --> 0:11:33.679
<v Speaker 4>our first and last word has been the same from

0:11:33.800 --> 0:11:36.920
<v Speaker 4>day one. It will stay that way, someone like us

0:11:37.040 --> 0:11:40.560
<v Speaker 4>will never come to terms with someone like you. Again,

0:11:40.600 --> 0:11:45.679
<v Speaker 4>it's Alvigari addressing President Trump. He said, not now, not ever,

0:11:46.240 --> 0:11:49.400
<v Speaker 4>so accoting to Iran, at least the people who are

0:11:49.440 --> 0:11:53.320
<v Speaker 4>calling the shots on the ground, the IRGC. There are

0:11:53.360 --> 0:11:54.319
<v Speaker 4>no negotiations.

0:11:55.520 --> 0:11:57.360
<v Speaker 2>But at the same time, though we have heard, though,

0:11:57.440 --> 0:12:03.280
<v Speaker 2>haven't we that Pakistan has delivered this peace plan to Iran?

0:12:04.040 --> 0:12:05.319
<v Speaker 11>What more do we know about that?

0:12:05.840 --> 0:12:09.240
<v Speaker 2>And what the parameters of this plan could be?

0:12:10.920 --> 0:12:14.719
<v Speaker 4>Yeah, I mean it could be potentially, you know, the

0:12:15.400 --> 0:12:18.160
<v Speaker 4>people on the civilian side, I mean, people like the

0:12:18.520 --> 0:12:23.200
<v Speaker 4>Foreign Minister about Sarrazi, who had been leading negotiations before

0:12:23.280 --> 0:12:25.599
<v Speaker 4>the start of the war. It could be people like

0:12:26.120 --> 0:12:30.480
<v Speaker 4>you know, the Speaker of Parliament, a very powerful figure

0:12:30.640 --> 0:12:36.360
<v Speaker 4>right now in the regime, Mohammed Baker Galibav But he's

0:12:36.440 --> 0:12:38.880
<v Speaker 4>come out also, and I mean a couple of days

0:12:38.920 --> 0:12:43.000
<v Speaker 4>ago and says, you know that the condition for any

0:12:43.080 --> 0:12:45.400
<v Speaker 4>talks with the US would be, uh, you know, the

0:12:45.480 --> 0:12:50.400
<v Speaker 4>Iranian people, as he said, demand complete and remorseful punishment

0:12:50.880 --> 0:12:53.880
<v Speaker 4>of the aggressors. And I mean there have been reports

0:12:53.920 --> 0:12:57.880
<v Speaker 4>that Iran is basically saying, yes, it will talk to

0:12:57.960 --> 0:13:01.400
<v Speaker 4>the US, as long as you know, it receives a

0:13:01.600 --> 0:13:07.839
<v Speaker 4>legally binding guarantees that would against any future attacks by

0:13:08.000 --> 0:13:12.000
<v Speaker 4>Israel in the US. It also wants apparently again reportedly

0:13:12.480 --> 0:13:16.400
<v Speaker 4>billions in reparations for damage caused by the war. It

0:13:16.559 --> 0:13:20.839
<v Speaker 4>wants sanctions to be lifted. It also wants to formalize

0:13:21.640 --> 0:13:24.000
<v Speaker 4>control over the Strait of Her Moves, and it's already

0:13:24.400 --> 0:13:27.720
<v Speaker 4>charging transit fees. I mean, we've reported that here at Bloomberg,

0:13:28.120 --> 0:13:31.439
<v Speaker 4>and it has circulated a letter among members of the

0:13:31.520 --> 0:13:35.800
<v Speaker 4>International Maritime Organization saying that any passage through the Strait

0:13:35.840 --> 0:13:38.840
<v Speaker 4>of Her Moves has to be in coordination with again

0:13:38.840 --> 0:13:42.840
<v Speaker 4>I'm quoting them here the letter, in coordination with competent authorities.

0:13:44.640 --> 0:13:46.719
<v Speaker 2>We have just thirty seconds left here, Dan, But we're

0:13:46.760 --> 0:13:49.160
<v Speaker 2>hearing as well that the US is sending even more

0:13:49.280 --> 0:13:51.680
<v Speaker 2>forces to the Middle East. What kind of impact could

0:13:51.720 --> 0:13:51.959
<v Speaker 2>that have?

0:13:53.520 --> 0:13:55.840
<v Speaker 4>Correct And again I can tell you the posture here

0:13:55.880 --> 0:13:59.160
<v Speaker 4>of Gulf states, I mean where I'm sitting in the UAE,

0:13:59.360 --> 0:14:02.240
<v Speaker 4>and to certain Saudi Arabia, they feel like almost military

0:14:02.280 --> 0:14:06.280
<v Speaker 4>confrontation with Iran at this stage is almost inevitable. I mean,

0:14:06.320 --> 0:14:09.320
<v Speaker 4>they have been discussing military options. There was a meeting

0:14:09.400 --> 0:14:11.920
<v Speaker 4>in Riyad last week where that was on the table.

0:14:12.559 --> 0:14:14.960
<v Speaker 4>We're hearing very strong language from the UA to Foreign

0:14:15.000 --> 0:14:17.199
<v Speaker 4>miniSTR a couple of days ago said we will no

0:14:17.360 --> 0:14:18.400
<v Speaker 4>negotiate with terrorist.

0:14:20.280 --> 0:14:23.720
<v Speaker 3>This is Bloomberg Daybreak, your morning podcast on the stories

0:14:23.800 --> 0:14:26.760
<v Speaker 3>making news from Wall Street to Washington and beyond.

0:14:27.080 --> 0:14:29.440
<v Speaker 2>Look for us on your podcast feed by six am

0:14:29.520 --> 0:14:32.880
<v Speaker 2>Eastern each morning, on Apple, Spotify, or anywhere else you listen.

0:14:33.120 --> 0:14:35.960
<v Speaker 3>You can also listen live each morning starting at five

0:14:36.000 --> 0:14:38.640
<v Speaker 3>am Wall Street Time on Bloomberg eleven three to zero

0:14:38.720 --> 0:14:41.600
<v Speaker 3>in New York, Bloomberg in ninety nine to one in Washington,

0:14:41.680 --> 0:14:45.600
<v Speaker 3>Bloomberg ninety two nine in Boston, and nationwide on serious

0:14:45.840 --> 0:14:47.360
<v Speaker 3>XM Channel one twenty one.

0:14:47.800 --> 0:14:50.480
<v Speaker 2>Plus listen coast to coast on the Bloomberg Business app

0:14:50.560 --> 0:14:53.320
<v Speaker 2>now with Apple CarPlay and Android auto interfaces.

0:14:53.600 --> 0:14:56.200
<v Speaker 3>And don't forget to subscribe to Bloomberg and News Now.

0:14:56.480 --> 0:14:59.000
<v Speaker 3>It's the latest news whenever you want it in five

0:14:59.080 --> 0:15:02.080
<v Speaker 3>minutes or less. Search Bloomberg News Now and your favorite

0:15:02.120 --> 0:15:05.720
<v Speaker 3>podcast platform to stay informed all day long. I'm Karen

0:15:05.840 --> 0:15:06.640
<v Speaker 3>Moscow and.

0:15:06.720 --> 0:15:09.280
<v Speaker 2>I'm Nathan Hager. Join us again tomorrow morning for all

0:15:09.320 --> 0:15:11.280
<v Speaker 2>the news you need to start your day right here

0:15:11.480 --> 0:15:12.560
<v Speaker 2>on Bloomberg Daybreak