1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:10,080 --> 00:00:14,160 Speaker 2: Good morning, I'm Nathan Hager and I'm Alexis Christophers. Alexis 3 00:00:14,200 --> 00:00:16,040 Speaker 2: will have the latest developments in the Iran War in 4 00:00:16,079 --> 00:00:18,680 Speaker 2: a moment where we begin with a major developing story 5 00:00:18,720 --> 00:00:22,880 Speaker 2: on Capitol Hill. After six weeks of both sides digging in, 6 00:00:23,400 --> 00:00:26,280 Speaker 2: the Senate has passed a bill to end the Department 7 00:00:26,320 --> 00:00:29,760 Speaker 2: of Homeland Security shutdown. Majority Leader John Thune made the 8 00:00:29,760 --> 00:00:32,560 Speaker 2: announcement just after two in the morning Wall Street Time. 9 00:00:33,280 --> 00:00:36,960 Speaker 3: Just a few minutes ago, Republicans funded Department of Homeland 10 00:00:37,000 --> 00:00:38,120 Speaker 3: Security piecemeal. 11 00:00:38,800 --> 00:00:40,919 Speaker 4: It's not the way to fund the department. 12 00:00:40,960 --> 00:00:43,839 Speaker 2: Majority Leader John Thune spoke on the Senate floor, and 13 00:00:43,880 --> 00:00:47,360 Speaker 2: we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison. 14 00:00:47,760 --> 00:00:51,159 Speaker 5: This bill would essentially extend government funding for most of 15 00:00:51,159 --> 00:00:53,920 Speaker 5: the Department of Homeland Security, with the exception of ice 16 00:00:54,040 --> 00:00:56,320 Speaker 5: and border patrol, those sort of being the two most 17 00:00:56,320 --> 00:01:01,480 Speaker 5: controversial pieces that will will continue to be agotiated in Congress. 18 00:01:01,920 --> 00:01:03,840 Speaker 5: I'll note this is just one step in a process. 19 00:01:03,880 --> 00:01:05,520 Speaker 5: This build needs to go to the House next and 20 00:01:05,560 --> 00:01:09,119 Speaker 5: then Donald Trump's desk for signature. So this is still 21 00:01:09,160 --> 00:01:12,199 Speaker 5: something that is tenuous and could take us several more days, 22 00:01:12,200 --> 00:01:13,000 Speaker 5: if not a couple of weeks. 23 00:01:13,040 --> 00:01:15,760 Speaker 2: Bloomberg's Lord Davison reports President Trump had said he would 24 00:01:15,760 --> 00:01:19,080 Speaker 2: sign an executive order to pay TSA workers before the 25 00:01:19,120 --> 00:01:22,000 Speaker 2: Senate vote. Democrats are now poised to walk away from 26 00:01:22,040 --> 00:01:26,480 Speaker 2: the shutdown debate with the immigration reforms they wanted left behind, 27 00:01:26,600 --> 00:01:30,200 Speaker 2: while Republicans face a high stakes fight to fund their 28 00:01:30,240 --> 00:01:32,920 Speaker 2: immigration agenda through a partisan budget bill. 29 00:01:33,319 --> 00:01:35,880 Speaker 6: And now to the latest on the Iran war. President 30 00:01:35,920 --> 00:01:38,920 Speaker 6: Trump is once again pushing back his deadline for Tehran 31 00:01:39,040 --> 00:01:41,440 Speaker 6: to reach a deal with the US. In a social 32 00:01:41,480 --> 00:01:44,440 Speaker 6: media post, the President said he'll hold off on attacking 33 00:01:44,440 --> 00:01:48,360 Speaker 6: Iran's energy infrastructure for ten days. At White House Cabinet 34 00:01:48,360 --> 00:01:51,000 Speaker 6: meeting heard live here on Bloomberg Radio, the President said 35 00:01:51,000 --> 00:01:54,080 Speaker 6: talks are going very well and the US war effort 36 00:01:54,200 --> 00:01:56,200 Speaker 6: is extremely ahead of schedule. 37 00:01:56,840 --> 00:01:58,520 Speaker 4: They are begging to make it the numme. 38 00:01:59,320 --> 00:02:02,600 Speaker 7: They're begging to make it down and anybody that saw 39 00:02:02,640 --> 00:02:05,440 Speaker 7: what was happening over there would understand why they want. 40 00:02:05,320 --> 00:02:05,600 Speaker 1: To make it. 41 00:02:05,680 --> 00:02:08,840 Speaker 6: You, President Trump there at the White House. Bloomberg Middle 42 00:02:08,880 --> 00:02:12,720 Speaker 6: East correspondent Jumani Bersecci reports it's still unclear who the 43 00:02:12,840 --> 00:02:14,680 Speaker 6: US is talking with a lot of. 44 00:02:14,639 --> 00:02:17,040 Speaker 8: This is rhetoric, but what we do know is that 45 00:02:17,080 --> 00:02:20,799 Speaker 8: there are no physical meetings that have been decided on yet, 46 00:02:20,880 --> 00:02:23,840 Speaker 8: and Pakistan have been put forward as a key mediator 47 00:02:23,880 --> 00:02:27,160 Speaker 8: in that regard, but nothing has been confirmed. And yet 48 00:02:27,200 --> 00:02:30,200 Speaker 8: the language that continues to come out of Iran is 49 00:02:30,240 --> 00:02:32,400 Speaker 8: one of defiants. They seem to not be in the 50 00:02:32,440 --> 00:02:36,200 Speaker 8: mood of compromising and continue to strike back. 51 00:02:36,360 --> 00:02:40,000 Speaker 6: And Bloomberg's juwmanni Bersecci reports the extended deadline also gives 52 00:02:40,000 --> 00:02:42,520 Speaker 6: the US more time to build up forces. The Wall 53 00:02:42,520 --> 00:02:45,480 Speaker 6: Street Journal is reporting the Pentagon is considering sending up 54 00:02:45,480 --> 00:02:48,320 Speaker 6: to ten thousand additional troops to the Middle East. 55 00:02:48,520 --> 00:02:51,520 Speaker 2: Alexis UK Prime Minister Kiir Starmer says he won't be 56 00:02:51,680 --> 00:02:55,000 Speaker 2: bullied by President Trump and won't change his mind due 57 00:02:55,040 --> 00:02:56,600 Speaker 2: to pressure from the president. 58 00:02:56,720 --> 00:02:58,359 Speaker 4: Starmer spoke with Sky News. 59 00:02:59,040 --> 00:03:02,200 Speaker 9: I have clear I'm not going to join the war. 60 00:03:02,400 --> 00:03:04,960 Speaker 9: There's a clear difference therefore of opinion between me and 61 00:03:05,280 --> 00:03:08,080 Speaker 9: President Trump. My own view is that a lot of 62 00:03:08,080 --> 00:03:11,120 Speaker 9: what is said and done has been to put pressure 63 00:03:11,160 --> 00:03:14,240 Speaker 9: on me to change my mind, but I'm not going 64 00:03:14,480 --> 00:03:17,840 Speaker 9: to do so because I'm the British Prime minister, and 65 00:03:17,960 --> 00:03:21,120 Speaker 9: I have to act in the British national interest. 66 00:03:21,360 --> 00:03:24,799 Speaker 2: British Prime Minister Kirs Starmer has been repeatedly insulted by 67 00:03:24,880 --> 00:03:28,760 Speaker 2: President Trump. He says Starmer has made a big mistake, and. 68 00:03:28,800 --> 00:03:32,480 Speaker 6: Ukrainian President Vladimir Zelenski is seeking to offer his nation's 69 00:03:32,520 --> 00:03:36,240 Speaker 6: anti drone expertise in exchange for defense support during a 70 00:03:36,280 --> 00:03:39,200 Speaker 6: surprise visit to the Gulf region. The offer comes on 71 00:03:39,240 --> 00:03:41,960 Speaker 6: news Ukraine risks running out of money to pay for 72 00:03:42,040 --> 00:03:45,480 Speaker 6: its defense against Russia within two months. According to estimates 73 00:03:45,480 --> 00:03:48,720 Speaker 6: shared by both domestic and foreign officials, Kiev currently has 74 00:03:48,760 --> 00:03:51,480 Speaker 6: only enough funds to cover spending until June Nate. 75 00:03:51,680 --> 00:03:54,920 Speaker 2: This morning, Alexis Secretary of State Marco Rubio's in France 76 00:03:54,960 --> 00:03:57,920 Speaker 2: meeting his group of seven foreign minister counterparts. This comes 77 00:03:58,000 --> 00:04:02,040 Speaker 2: just hours after President Trump complained bitterly about NATO countries 78 00:04:02,080 --> 00:04:04,400 Speaker 2: not stepping up to help the US and Israel in 79 00:04:04,400 --> 00:04:07,080 Speaker 2: the Iran War. Rubio may have a hard time trying 80 00:04:07,120 --> 00:04:10,960 Speaker 2: to sell the other diplomats on the US strategy. Almost 81 00:04:11,000 --> 00:04:13,160 Speaker 2: all nations have raised objections to it. 82 00:04:14,080 --> 00:04:17,560 Speaker 6: Two one hundred dollars oil. McCory group says that's the 83 00:04:17,600 --> 00:04:20,080 Speaker 6: price it may hit If the Iran war drags on 84 00:04:20,320 --> 00:04:23,440 Speaker 6: until June, the conflict has seen to run oversee a 85 00:04:23,480 --> 00:04:26,240 Speaker 6: near complete closure of the Strait of Horne moves. Brent 86 00:04:26,320 --> 00:04:29,440 Speaker 6: crude is on pace for a record monthly gain in March. 87 00:04:29,560 --> 00:04:31,840 Speaker 6: Checking right now, it's about one hundred and ten dollars. 88 00:04:31,880 --> 00:04:35,280 Speaker 6: The barrel and futures are mostly unchanged as we close 89 00:04:35,279 --> 00:04:38,400 Speaker 6: out the treating right now, SMP futures down just fractionally, 90 00:04:38,720 --> 00:04:41,880 Speaker 6: or about eight points lower. Yesterday, stocks suffered their worst 91 00:04:41,960 --> 00:04:44,680 Speaker 6: law since January. The S and P five hundred fell 92 00:04:44,760 --> 00:04:47,480 Speaker 6: one and three quarters percent. The tech heavy Nasdaq one 93 00:04:47,600 --> 00:04:49,560 Speaker 6: hundred slid two point four percent. 94 00:04:49,800 --> 00:04:52,599 Speaker 2: We may be seeing tensions escalate between the US and China. 95 00:04:52,600 --> 00:04:55,600 Speaker 2: This morning Alexis, China's Ministry of Commerce says it's begun 96 00:04:55,720 --> 00:04:58,720 Speaker 2: to trade investigations against the US. 97 00:04:59,040 --> 00:05:01,400 Speaker 4: They involve supply chains and renewable products. 98 00:05:01,400 --> 00:05:05,160 Speaker 2: Its retaliation to US trade probes ahead of an expected 99 00:05:05,200 --> 00:05:07,360 Speaker 2: presidential summit in Beijing in May. 100 00:05:08,040 --> 00:05:11,240 Speaker 6: And three FED officials are expressing growing concern over the 101 00:05:11,320 --> 00:05:14,440 Speaker 6: economic outlook due to the Middle East war. FED Governor 102 00:05:14,480 --> 00:05:17,240 Speaker 6: Lisa cooks as the spike and oil prices means inflation 103 00:05:17,360 --> 00:05:19,720 Speaker 6: is now a bigger concern than the labor market. 104 00:05:20,320 --> 00:05:26,200 Speaker 3: I see the balance risks as being largely on net 105 00:05:27,320 --> 00:05:32,080 Speaker 3: in balance, but I would argue that the inflation risk 106 00:05:32,200 --> 00:05:35,760 Speaker 3: is greater right now as a result of the Iran war. 107 00:05:36,320 --> 00:05:39,240 Speaker 6: FED Governor Lisa Cook made those comments yesterday in a 108 00:05:39,279 --> 00:05:42,320 Speaker 6: speech in Connecticut. Two of her colleagues, FED Governor Michael 109 00:05:42,360 --> 00:05:45,360 Speaker 6: Barr and FED Vice Chair Philip Jefferson say they preferred 110 00:05:45,400 --> 00:05:47,839 Speaker 6: to keep rates on hold while they assess the length 111 00:05:47,839 --> 00:05:50,400 Speaker 6: of the conflict and its impact on energy prices. 112 00:05:50,720 --> 00:05:53,560 Speaker 2: Big news in the tech space this morning, Alexis Andthropics 113 00:05:53,600 --> 00:05:56,440 Speaker 2: won a court order blocking a Trump administration ban on 114 00:05:56,560 --> 00:06:01,000 Speaker 2: government use of its artificial intelligence technology. Federal judge put 115 00:06:01,000 --> 00:06:03,599 Speaker 2: that order on hold for seven days so the government 116 00:06:03,640 --> 00:06:06,440 Speaker 2: has a chance to appeal. The judge, though questioned the 117 00:06:06,520 --> 00:06:08,919 Speaker 2: rationale for the band, saying it did not appear to 118 00:06:08,920 --> 00:06:12,280 Speaker 2: be directed at national security interests and instead seem designed 119 00:06:12,320 --> 00:06:16,440 Speaker 2: to punish Anthropic. The Claude chatbot maker argues the ban 120 00:06:16,560 --> 00:06:20,040 Speaker 2: could cost it billions of dollars in lost revenue, and in. 121 00:06:19,960 --> 00:06:23,600 Speaker 6: Another development, Nathan Bloomberg News has learned Anthropic is considering 122 00:06:23,680 --> 00:06:26,920 Speaker 6: going public as soon as October. The move comes as 123 00:06:26,960 --> 00:06:30,640 Speaker 6: the artificial intelligence company races with rival Open Ai to 124 00:06:30,720 --> 00:06:34,080 Speaker 6: hold an IPO. According to the information, a listing could 125 00:06:34,160 --> 00:06:36,120 Speaker 6: raise more than sixty billion dollars. 126 00:06:36,440 --> 00:06:38,800 Speaker 2: And get this, Alexis, we may be closing in on 127 00:06:38,880 --> 00:06:43,040 Speaker 2: a deal. In the booze industry. Pernaul Recard and Brown Foreman, 128 00:06:43,120 --> 00:06:46,599 Speaker 2: the owner of Jack Daniel's Whiskey, are discussing a merger 129 00:06:46,720 --> 00:06:49,320 Speaker 2: as the alcoholic drink companies look at ways to consolidate 130 00:06:49,440 --> 00:06:53,600 Speaker 2: amid an industry downturn. A combination would bring together Pernault's 131 00:06:53,680 --> 00:06:58,280 Speaker 2: top sellers like Martel Koonyak, Jamison, Irish Whiskey, and Absolute Vodka, 132 00:06:58,400 --> 00:07:03,400 Speaker 2: with Brown Foreman's Whiskeys and other brands including Heradura Tequila. 133 00:07:07,120 --> 00:07:08,479 Speaker 6: Time now for a look at some of the other 134 00:07:08,560 --> 00:07:11,160 Speaker 6: stories making news in New York and around the world. 135 00:07:11,160 --> 00:07:13,720 Speaker 6: For that, we're joined by Bloomberg's John Tucker, John, Good 136 00:07:13,760 --> 00:07:14,720 Speaker 6: Morning and Good Morning. 137 00:07:14,720 --> 00:07:18,640 Speaker 7: A lisis the Department of Justice investigating medical school admissions 138 00:07:18,680 --> 00:07:22,920 Speaker 7: policies at Stanford, Ohio State the University of California at 139 00:07:22,960 --> 00:07:26,880 Speaker 7: San Diego over possible racial discrimination. This is part of 140 00:07:26,880 --> 00:07:30,360 Speaker 7: a campaign by the Trump administration to reshape higher education. 141 00:07:30,800 --> 00:07:34,360 Speaker 7: The colleges facing requests from the agency's Civil Rights Division 142 00:07:34,760 --> 00:07:38,920 Speaker 7: for data including medical school applicant test scores, ties to donors, 143 00:07:38,960 --> 00:07:44,320 Speaker 7: and internal university communications. Donald Trump's signature will appear on 144 00:07:44,440 --> 00:07:48,040 Speaker 7: future US paper currency to mark the two hundred and 145 00:07:48,040 --> 00:07:51,280 Speaker 7: fiftieth anniversary of the country more that's the report from 146 00:07:51,320 --> 00:07:52,600 Speaker 7: Bloomberg's Matt Piper. 147 00:07:53,120 --> 00:07:56,080 Speaker 10: It's a first for a sitting president. Treasury Secretary Scott 148 00:07:56,080 --> 00:07:58,920 Speaker 10: Besson says there is no more powerful way to recognize 149 00:07:58,960 --> 00:08:02,000 Speaker 10: the historic achievements of our great country and President Donald J. 150 00:08:02,120 --> 00:08:02,480 Speaker 4: Trump. 151 00:08:02,720 --> 00:08:05,920 Speaker 10: Then US dollar bills bearing his name. Until now the 152 00:08:06,040 --> 00:08:08,680 Speaker 10: US currency has born the signatures of the Secretary and 153 00:08:08,680 --> 00:08:11,000 Speaker 10: the treasure The move comes as Trump has put his 154 00:08:11,040 --> 00:08:14,400 Speaker 10: stamp on America's semi quincentennial this year, like planning a 155 00:08:14,480 --> 00:08:15,920 Speaker 10: UFC fight at the White House. 156 00:08:16,400 --> 00:08:17,800 Speaker 4: Matt Piper Bloomberg Radio. 157 00:08:17,880 --> 00:08:19,920 Speaker 7: Another close call, and the latest in a string of 158 00:08:19,920 --> 00:08:24,720 Speaker 7: incidents involving helicopters and commercial passenger jets, A Blackhawk helicopter 159 00:08:24,800 --> 00:08:27,560 Speaker 7: crossed in front of the United Airlines plane landing at 160 00:08:27,600 --> 00:08:31,600 Speaker 7: John Wayne Airport in southern California. The FAA telling Bloomberg 161 00:08:31,600 --> 00:08:34,719 Speaker 7: it's investigating the event, which happened Tuesday night, and the 162 00:08:34,800 --> 00:08:37,120 Speaker 7: runway We're A plane collided with a fire truck at 163 00:08:37,200 --> 00:08:40,760 Speaker 7: Laguardi Airport, killing the two pilots and injuring several others. 164 00:08:40,920 --> 00:08:43,439 Speaker 7: Has now reopened. The Port Authority of New York and 165 00:08:43,480 --> 00:08:46,640 Speaker 7: New Jersey says the tarmac resumed operations out of the 166 00:08:46,720 --> 00:08:50,760 Speaker 7: runway and a related infrastructure were repaired. Global News twenty 167 00:08:50,800 --> 00:08:52,440 Speaker 7: four hours a day and whenever you want it with 168 00:08:52,480 --> 00:08:55,319 Speaker 7: Bloomberg News Now. I'm John Tucker, and they see is 169 00:08:55,320 --> 00:08:56,679 Speaker 7: Bloomberg Alexis. 170 00:08:57,440 --> 00:09:00,560 Speaker 6: Thanks Gon time now for our Bloomberg Sports up. For that, 171 00:09:00,600 --> 00:09:02,000 Speaker 6: we bring in John stash Hour. 172 00:09:02,120 --> 00:09:05,280 Speaker 11: The NCAA Tournament is back at Iowa is still alive. 173 00:09:05,360 --> 00:09:07,439 Speaker 11: The ninth seed in the South had the upset of 174 00:09:07,480 --> 00:09:10,600 Speaker 11: top seed at Florida and then beat Nebraska seventy seven 175 00:09:10,640 --> 00:09:13,600 Speaker 11: to seventy one, and then Illinois with an upset win 176 00:09:13,920 --> 00:09:17,640 Speaker 11: over Houston in the West Region and San Jose Purdue 177 00:09:17,720 --> 00:09:19,520 Speaker 11: scored with less than a second to go for a 178 00:09:19,520 --> 00:09:23,560 Speaker 11: two point win over Texas. Arizona won easily over Arkansas, 179 00:09:23,840 --> 00:09:26,560 Speaker 11: LSU hiring Will Wade as its new coach. He was 180 00:09:26,600 --> 00:09:29,400 Speaker 11: their former coach and they fired him after improper benefits 181 00:09:29,400 --> 00:09:30,200 Speaker 11: that are now legal. 182 00:09:30,320 --> 00:09:34,240 Speaker 4: That's your Bloomberg Sports Update. Stay with us. More from 183 00:09:34,280 --> 00:09:36,559 Speaker 4: Bloomberg Daybreak coming up after this. 184 00:09:41,080 --> 00:09:45,240 Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 185 00:09:45,360 --> 00:09:48,200 Speaker 1: and around the world on Bloomberg dot Com and the 186 00:09:48,240 --> 00:09:51,319 Speaker 1: Bloomberg Business out This is Bloomberg Daybreak. 187 00:09:51,400 --> 00:09:52,680 Speaker 4: Good Morning on Nathan Hagar. 188 00:09:52,720 --> 00:09:55,440 Speaker 2: On day twenty eighth of the war with Iran, President 189 00:09:55,440 --> 00:09:58,720 Speaker 2: Donald Trump says he's giving Tehran ten more days to 190 00:09:58,800 --> 00:10:01,679 Speaker 2: reach a deal and announce the extension on social media 191 00:10:01,760 --> 00:10:05,040 Speaker 2: after telling a cabinet meeting talks with Tehran are going 192 00:10:05,160 --> 00:10:05,720 Speaker 2: very well. 193 00:10:06,240 --> 00:10:08,320 Speaker 11: They now have a chance to make a deal, but 194 00:10:08,760 --> 00:10:12,599 Speaker 11: that's up to them, and they'll tell you we're not negotiating. 195 00:10:12,640 --> 00:10:15,120 Speaker 4: We will not negotia. Of course, the negotiation and they've 196 00:10:15,160 --> 00:10:16,200 Speaker 4: been obliterated. 197 00:10:16,720 --> 00:10:19,080 Speaker 2: President Trump and a White House Cabinet meeting heard live 198 00:10:19,200 --> 00:10:22,319 Speaker 2: on Bloomberg Radio this morning. We're joined from Dubai by 199 00:10:22,320 --> 00:10:26,840 Speaker 2: Bloomberg Middle East correspondent Jumana Bursecci, anchor of Bloomberg Horizons, 200 00:10:26,880 --> 00:10:30,079 Speaker 2: and President Trump may be begging the question there, Jumana, 201 00:10:30,320 --> 00:10:32,000 Speaker 2: is Iran negotiating? 202 00:10:32,080 --> 00:10:34,560 Speaker 4: Good morning, Good morning. 203 00:10:34,640 --> 00:10:37,439 Speaker 8: Well, the rhetoric and I say, I emphasize the word rhetoric. 204 00:10:37,480 --> 00:10:39,959 Speaker 8: The rhetoric coming through from Iran now suggests that they 205 00:10:40,000 --> 00:10:43,079 Speaker 8: are not negotiating, and in fact, the Iranian Foreign Minister 206 00:10:43,120 --> 00:10:47,080 Speaker 8: and Starts Erekshi gave an interview to Iranian State TV 207 00:10:48,720 --> 00:10:53,480 Speaker 8: nonetheless saying that they are not negotiating with the US, 208 00:10:53,679 --> 00:10:57,640 Speaker 8: either directly or indirectly, but that messages had been passed 209 00:10:57,679 --> 00:11:00,880 Speaker 8: to them from Pakistan and this is something that lines 210 00:11:00,960 --> 00:11:03,200 Speaker 8: up with our own reporting. And so at this point 211 00:11:03,400 --> 00:11:06,280 Speaker 8: it is unclear what is going on behind the scenes. 212 00:11:06,320 --> 00:11:09,440 Speaker 8: The rhetoric, as I say, continues to remain one of defiants. 213 00:11:09,520 --> 00:11:13,720 Speaker 8: They are showcasing that they're not in the mood to compromise. Still, 214 00:11:14,600 --> 00:11:17,440 Speaker 8: and it is day twenty seven of this war. The 215 00:11:17,480 --> 00:11:22,760 Speaker 8: attacks and counter attacks are ongoing. Overnight, more military strikes conducted, 216 00:11:23,360 --> 00:11:27,439 Speaker 8: joint military operations between US and Israel over key sites 217 00:11:27,480 --> 00:11:31,280 Speaker 8: in Tehran Isfahan industrial city, of course, and in retaliation, 218 00:11:32,000 --> 00:11:35,920 Speaker 8: more projectiles being launched towards key Gulf states. So really 219 00:11:36,280 --> 00:11:38,120 Speaker 8: no signs that things are letting up as we get 220 00:11:38,120 --> 00:11:38,720 Speaker 8: into the weekend. 221 00:11:39,160 --> 00:11:44,600 Speaker 2: Okay, so obviously though, now the president's deadline for going 222 00:11:44,640 --> 00:11:48,720 Speaker 2: after Iran's energy infrastructure that was due to expire tonight 223 00:11:48,920 --> 00:11:52,440 Speaker 2: is extended another ten days, what could that mean over 224 00:11:52,840 --> 00:11:53,959 Speaker 2: the next week and a half. 225 00:11:55,320 --> 00:11:58,679 Speaker 8: So the short term reaction is one of relief, I 226 00:11:58,720 --> 00:12:01,080 Speaker 8: would guess for the region, because it just pushes back 227 00:12:01,120 --> 00:12:05,720 Speaker 8: the prospect of a potential strike on Iranian key infrastructure 228 00:12:05,800 --> 00:12:09,959 Speaker 8: and the potential reprisal on GCC civilian infrastructure return by 229 00:12:10,000 --> 00:12:12,840 Speaker 8: another ten days. But at the same time, I think, 230 00:12:12,880 --> 00:12:16,040 Speaker 8: because there's a lot of skepticism about the real chance 231 00:12:16,040 --> 00:12:19,960 Speaker 8: for a diplomatic breakthrough over the coming days, there is 232 00:12:20,000 --> 00:12:22,520 Speaker 8: a feeling that perhaps this is just a time buying 233 00:12:22,559 --> 00:12:26,439 Speaker 8: exercise coming through from the US administration. At the same time, 234 00:12:26,520 --> 00:12:30,680 Speaker 8: we hear of these reports of more military troops and 235 00:12:30,800 --> 00:12:33,839 Speaker 8: marines being sent to the region should be mobilized in 236 00:12:33,880 --> 00:12:37,439 Speaker 8: the coming days, and that sort of implies that perhaps 237 00:12:37,600 --> 00:12:41,760 Speaker 8: a ground combat operation may maybe in the works as. 238 00:12:41,679 --> 00:12:44,560 Speaker 2: Well, And that raises a question as well about what 239 00:12:44,679 --> 00:12:48,080 Speaker 2: a ground operation could lead to and whether the four 240 00:12:48,160 --> 00:12:51,520 Speaker 2: to six week timeline that President Trump has said he 241 00:12:51,679 --> 00:12:55,720 Speaker 2: is extremely ahead on can continue. 242 00:12:57,200 --> 00:13:00,079 Speaker 8: Yeah, absolutely so if you look at if you just 243 00:13:00,120 --> 00:13:03,520 Speaker 8: look at the logistics of it, from what we understand, 244 00:13:03,800 --> 00:13:07,160 Speaker 8: the first marine expeditionary unit should be arriving in the 245 00:13:07,200 --> 00:13:10,559 Speaker 8: coming days, so that is literally a matter of hours 246 00:13:10,600 --> 00:13:13,760 Speaker 8: from now should arrive to the region. There's another unit 247 00:13:14,200 --> 00:13:18,960 Speaker 8: that is also set sail a week ago and that 248 00:13:19,040 --> 00:13:21,840 Speaker 8: is expected to arrive mid April, so it's still going 249 00:13:21,920 --> 00:13:24,520 Speaker 8: to take some time for the extra reinforcements to arrive. 250 00:13:24,600 --> 00:13:27,200 Speaker 8: We were also earlier in the week reporting that the 251 00:13:27,240 --> 00:13:31,199 Speaker 8: Pentagon perhaps had instructed their eighty second Airborne Division as well. 252 00:13:31,320 --> 00:13:34,320 Speaker 8: And this is typically a division you would only use 253 00:13:34,440 --> 00:13:38,679 Speaker 8: if you need an expeditious arrival of troops. They can 254 00:13:38,760 --> 00:13:41,719 Speaker 8: be mobilized very very quickly. But we were speaking to 255 00:13:41,760 --> 00:13:45,120 Speaker 8: a former veteran one of them earlier on today and 256 00:13:45,200 --> 00:13:49,320 Speaker 8: he said that the goal for deploying this eighty second 257 00:13:49,520 --> 00:13:53,920 Speaker 8: Airborne Division wouldn't necessarily be to take over a full 258 00:13:54,160 --> 00:13:57,360 Speaker 8: territory or even go in on the ground in Iran. 259 00:13:57,480 --> 00:14:01,560 Speaker 8: It would be actually targeted at smaller lands, perhaps even 260 00:14:01,600 --> 00:14:03,760 Speaker 8: some of those smaller islands that are close to the 261 00:14:03,760 --> 00:14:06,120 Speaker 8: Strait of Hormers. This is all speculation at this point, 262 00:14:06,160 --> 00:14:09,280 Speaker 8: I should say, but the point is that if these 263 00:14:09,440 --> 00:14:11,760 Speaker 8: troops are going to be mobilized, there's a high chance 264 00:14:11,840 --> 00:14:17,679 Speaker 8: that the objective would be to somehow work towards reopening 265 00:14:17,679 --> 00:14:21,680 Speaker 8: the straits and removing the threads that face tankers should 266 00:14:21,680 --> 00:14:23,280 Speaker 8: they want to pass through the street. 267 00:14:24,000 --> 00:14:27,120 Speaker 6: This is Bloomberg Daybreak, your morning podcast on the stories 268 00:14:27,200 --> 00:14:30,000 Speaker 6: making news from Wall Street to Washington and beyond. 269 00:14:30,360 --> 00:14:32,760 Speaker 2: Look for us on your podcast feed by six am 270 00:14:32,800 --> 00:14:36,200 Speaker 2: Eastern each morning, on Apple, Spotify, or anywhere else you listen. 271 00:14:36,400 --> 00:14:39,040 Speaker 6: You can also listen live each morning starting at five 272 00:14:39,080 --> 00:14:41,800 Speaker 6: am Wall Street Time on Bloomberg eleven three to zero 273 00:14:41,800 --> 00:14:44,520 Speaker 6: in New York, Bloomberg ninety nine to one in Washington, 274 00:14:44,680 --> 00:14:48,200 Speaker 6: Bloomberg ninety two nine in Boston, and nationwide on Sirius 275 00:14:48,320 --> 00:14:49,880 Speaker 6: XM Channel one twenty one. 276 00:14:50,240 --> 00:14:53,000 Speaker 2: Plus listen coast to coast on the Bloomberg Business app 277 00:14:53,040 --> 00:14:55,800 Speaker 2: now with Apple CarPlay and Android Atto interfaces. 278 00:14:56,000 --> 00:14:58,880 Speaker 6: And don't forget to subscribe to Bloomberg News Now. It's 279 00:14:58,920 --> 00:15:01,360 Speaker 6: the latest news whenever you want it in five minutes 280 00:15:01,440 --> 00:15:04,360 Speaker 6: or less. Search Bloomberg News Now on your favorite podcast 281 00:15:04,400 --> 00:15:08,840 Speaker 6: platform to stay informed all day long. I'm Alexis Christophers. 282 00:15:08,440 --> 00:15:09,440 Speaker 4: And I'm Nathan Hager. 283 00:15:09,560 --> 00:15:11,640 Speaker 2: Join us again tomorrow morning for all the news you 284 00:15:11,680 --> 00:15:14,440 Speaker 2: need to start your day right here on Bloomberg Daybreak.