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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Alexis Christophers. Alexis.

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Speaker 2: The war with Iran is now into its fifth week,

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Speaker 2: and there is little sign of the conflict ending anytime soon.

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Speaker 2: Over the weekend, Iran backed who Thy forces entered the

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Speaker 2: fight for the first time as a US amphibious assault

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Speaker 2: group arrived in the region. But President Trump is insisting

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Speaker 2: Iran is ready to make a deal.

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Speaker 3: We have hey group. It's really a new regime. It's

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Speaker 3: a new group of people, people that we've never dealt

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Speaker 3: with before, that are acting very reasonable. It is truly

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Speaker 3: regime change.

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Speaker 2: President Trump told reporters on Air Force one last night

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Speaker 2: that Iran's given the US most of the demands from

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Speaker 2: its fifteen point piece plan. At the same time, the

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Speaker 2: President told The Financial Times he wants to quote take

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Speaker 2: the oil in Iran. Bloomberg's Jumana Barsetci has more from Dubai.

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Speaker 4: Everything on the ground is pointing to further escalation now

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Speaker 4: all notes. Friday evening, we had the first units of

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Speaker 4: these marine extraditionary units arriving to the Middle East. That's

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Speaker 4: around three thousand, five hundred troops, two hundred marines, lots

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Speaker 4: of questions about how they're going to be deployed, whether

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Speaker 4: there will be some form of an attempt to take

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Speaker 4: over karg Islands, which is what he referenced that interview

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Speaker 4: with the ft you just spoke about that Wall Street

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Speaker 4: journal is saying that maybe they could attempt a targeted

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Speaker 4: raid to extract the enriched uranium stockpile that is on

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Speaker 4: Iranian territory. At this point, we don't really know, but

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Speaker 4: the fact that it has arrived to the region suggests

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Speaker 4: the real possibility of further military escalation.

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Speaker 5: Bloombergs.

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Speaker 2: Jamani Rissetti reports Pakistan has offered to facilitate peace talks

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Speaker 2: in the coming days, but it's unclear whether either side

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Speaker 2: is negotiating I Meanwhile, Iron's semi official Tasdam news agency

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Speaker 2: confirmed the death of the commander of the Islamic Revolutionary

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Speaker 2: Guard Corps Navy. Israel claimed it killed a Laaiza Tung

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Speaker 2: Siri in an air strike last week.

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Speaker 6: The arrival of those thirty five hundred new year US

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Speaker 6: forces in the Middle East was the talk of the

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Speaker 6: Sunday political shows. Republican Senator James Langford says he does

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Speaker 6: not see it as a prolonged build up.

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Speaker 7: We're not trying to be able to go in and

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Speaker 7: to be able to occupy the country, or to be

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Speaker 7: able to have a long standing, long term war.

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Speaker 5: No one wants to see that.

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Speaker 7: So I'm looking forward to us getting this mission complete

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Speaker 7: and getting out of there.

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Speaker 6: Senator James Langford appeared on NBC's Meet the Press, but

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Speaker 6: Democratic Senator Chris Van Holland says the White House is

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Speaker 6: sending a mixed message.

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Speaker 8: Donald Trump said we won this war, and so the

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Speaker 8: question for President Trump is completely delusional, is if we

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Speaker 8: won the war, why are they preparing to send thousands

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Speaker 8: of more American troops in the harms way.

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Speaker 6: Senator Chris van Holland appeared on ABC's This Week, and

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Speaker 6: you can hear This Week and Meet the Press every

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Speaker 6: Sunday right here on Bloomberg Radio.

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Speaker 2: In another major development of Alexis, a Russian tanker carrying

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Speaker 2: about one hundred thousand tons of oil has arrived in Cuba.

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Speaker 2: That's according to Russia's Interfax news agency. President Trump had

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Speaker 2: said he would allow the shipment for humanitarian reason, saying, quote,

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Speaker 2: they have to survive.

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Speaker 3: It's a failing country and they're going to be next

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Speaker 3: within a short period of time. It's going to fail,

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Speaker 3: and we will be there to help it out.

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Speaker 2: Presidents repeatedly threatened action against Cuba's leftist government in a

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Speaker 2: near total blockade of the island's fuel and financing.

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Speaker 6: And Nathan Oil is on the rise again right now,

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Speaker 6: Brent crude topping one hundred and fifteen dollars the barrel.

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Speaker 6: Brent has surged around sixty percent this month, and many

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Speaker 6: on the street see it going even higher. This morning.

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Speaker 6: ANALYSS Society General see a growing likelihood Brent tops one

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Speaker 6: hundred and fifty dollars a barrel. Ronda Fami is a

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Speaker 6: former US Associate Deputy Energy Secretary. She says the global

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Speaker 6: oil market is in for a shock as the Middle

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Speaker 6: East conflict drags on.

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Speaker 9: It's been an earthquake, as we all know in petroleum

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Speaker 9: one oh one or energy one oh one. When something

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Speaker 9: like this happens, the global oil market is in for

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Speaker 9: a shock. And I don't think anybody didn't predict that

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Speaker 9: Iran has level and the leverage is the straight of

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Speaker 9: horror moves.

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Speaker 6: Former US Associate Deputy Energy Secretary Ronda Fami made those

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Speaker 6: comments in an interview with Bloomberg Television, Julian Lee covers

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Speaker 6: the oil markets for Bloomberg.

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Speaker 10: The one thing I think is undeniable is that the

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Speaker 10: longer this goes on, and the longer the straight of

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Speaker 10: horror moves remains effectively closed to traffic, the more upward

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Speaker 10: pressure there will be on oil prices, and the more

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Speaker 10: difficult it will be to see those coming down quickly.

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Speaker 6: Bloomberg Oil strategist Julian Lee made the comments on Bloomberg

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Speaker 6: this weekend. Catch the program Saturdays and Sundays on Bloomberg

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Speaker 6: Radio at seven am Wall Street Time.

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Speaker 2: As for the equity markets, Alexis futures are higher as

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Speaker 2: we kick off the trading week. The SMP five hundred

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Speaker 2: fell three point four percent the last two trading sessions.

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Speaker 2: That's the biggest two day decline in a year. The

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Speaker 2: index is now more than eight percent below its January record,

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Speaker 2: and the NASDEK one hundred is now in correction territory

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Speaker 2: down ten percent. Mark lashenis chief investment strategist at Jenny

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Speaker 2: Hapital Management.

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Speaker 11: Right now, it seems as though equity prices are trying

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Speaker 11: to probe for a bottom, which remains elusive and at

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Speaker 11: the same time, the safety that you would normally find

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Speaker 11: in bond prices isn't working obviously because of the inflationary

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Speaker 11: pressures that are being part of at our.

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Speaker 2: Neilds, Jenny Capital Management's Mark Lasheni and Morgan Stanley's out

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Speaker 2: with a comment on the market this morning. Strategist Mike

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Speaker 2: Wilson says the S and P five hundred correction is

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Speaker 2: near its final stages.

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Speaker 6: And Nathan and other news this morning, pay for Transportation

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Speaker 6: Secretary Administration workers may be coming, but long airlines, or

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Speaker 6: long lines rather at the airlines may persist. Major US

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Speaker 6: airports are still urging travelers to arrive hours early. President

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Speaker 6: Trump ordered emergency pay for TSA agents over the weekend.

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Speaker 6: The White House borders are says ICE agents deployed to

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Speaker 6: airports may still remain at airports for a while.

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Speaker 12: There is a plan to get these tsagents pay, hopefully

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Speaker 12: by tomorrow Tuesday. So yeah, it's good news because these

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Speaker 12: TSA officers are struggling. They can't their families will pay

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Speaker 12: the rent.

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Speaker 6: Tens of thousands of TSA employees have been working without

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Speaker 6: pay since Department of Homeland Security funding lapsed.

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Speaker 2: Men all Like says for the first time in more

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Speaker 2: than fifty years, NASA is sending astronauts back to the Moon.

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Speaker 2: Bloomberg's Ed Ludlow will be in Florida to watch the

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Speaker 2: Artemis two mission, which is set to launch Wednesday.

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Speaker 13: They're basically doing a fly by or a fly around

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Speaker 13: the Moon, so they travel deep into space two hundred

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Speaker 13: and eighty five thousand miles, go around the Moon and

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Speaker 13: come back. But it's you know, it's the great dress

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Speaker 13: rehearsal for the technology essentially that's planned to get humankind

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Speaker 13: and driven by NASA America back to the Moon maybe

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Speaker 13: twenty twenty eight.

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Speaker 2: Bloomberg's Ed Ludlow says Artemis two is a ten day

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Speaker 2: mission to the Moon without landing before heading back to Earth.

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Speaker 6: Time now for a look at some of the other

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Speaker 6: stories making news in New York and around the world.

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Speaker 6: For that, we're joined by Bloomberg's John Tucker.

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Speaker 7: Good morning John, and Good morning Alexis. French authorities detained

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Speaker 7: two new suspects in connection with a foiled bombing near

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Speaker 7: the Bank of America office in Paris. According to the

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Speaker 7: Interior Minister, bomb was placed by miners or young men

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Speaker 7: who were paid to carry out the plan. Police have

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Speaker 7: stamped up security measures around Jewish and US affiliated sites

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Speaker 7: since the start of the war. Millions of people protested

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Speaker 7: the war in Iran and President Trump's actions and policies

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Speaker 7: at thousands of No Kings rallies across the nation over

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Speaker 7: the weekend, and Bloomberg's Wendy Benjamin says it may have

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Speaker 7: fallen on deaf ears with the Trump administration.

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Speaker 14: The administration is doing nothing to build public support for

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Speaker 14: the war. And we don't see Pete Hegseth, the Defense Secretary.

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Speaker 14: We don't see Marco Rubio, we don't see JD. Evans.

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Speaker 14: They haven't in the last few weeks been coming out

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Speaker 14: into the public to say, here's why we are attacking Iran,

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Speaker 14: here's why we've started that war, and here's why it's

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Speaker 14: worth sending thousands of troops to the region.

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Speaker 5: Well.

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Speaker 7: New York City had one of the largest demonstrations, with

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Speaker 7: more than three hundred and fifty thousand people attending. President

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Speaker 7: Trump spoke with reporters on board Air Force One Sunday evening,

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Speaker 7: responding to questions about the new ballroom that's being built

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Speaker 7: at the White House and reports of a military complex

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Speaker 7: under construction beneath it. Confirming the plans are underway.

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Speaker 5: Now.

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Speaker 3: The military is building a big complex under the ballroom,

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Speaker 3: which has come out recently because of a stupid lawsuit

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Speaker 3: that was filed. But the military's building a massive complex.

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Speaker 15: Under the ballroom.

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Speaker 7: Well, Trump says the ballroom essentially it becomes a shed

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Speaker 7: for what's being built underneath it. Global News twenty four

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Speaker 7: hours a day, whenever you want it. We had Bloomberg News. Now,

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Speaker 7: I'm John Tucker. This is Bloomberg Alexis.

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Speaker 6: Thanks John, time now for our Bloomberg Sports update, and

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Speaker 6: for that we bring in John stash Hour.

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Speaker 15: The Final four is set Saturday in Indianapolis. It'll be

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Speaker 15: Michigan against Arizona. The Wolverines had an easy win over

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Speaker 15: Tennessee and it'll be Yukon versus Illinoy won to win

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Speaker 15: for the Huskies, they trailed Duke by nineteen when Braylan

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Speaker 15: Mullens hit a long three parter with less than a

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Speaker 15: second ago. It gave Yukon a one point victory. It

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Speaker 15: was their first lead since it was tune upping the undefeated.

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Speaker 15: Yukon women also go into the Final four after an

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Speaker 15: easy win over Notre Dame. UCLA beat Duke that's your

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Speaker 15: Bloomberg Sports update.

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Speaker 5: Stay with us.

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Speaker 2: More from Bloomberg Daybreak coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.

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Speaker 2: Good morning on Nathan Hagar. As the US Israeli war

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Speaker 2: where iron and sends into a second week, there are

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Speaker 2: more signs emerging the conflict could escalate, even as President

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Speaker 2: Donald Trump and says to Ron wants to negotiate.

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Speaker 3: We're doing extremely well in that negotiation. But you never

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Speaker 3: know where they're at it because we negotiate with him

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Speaker 3: and then we I always have to blow them up.

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Speaker 2: And I was President Trump speaking of board Air Force

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Speaker 2: one last night. For the latest rejoined from Isstandbull by

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Speaker 2: Bloomberg Middle East Breaking News editor Patrick Sykes, Patrick, Good morning,

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Speaker 2: Where do things stand now on day thirty one of

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Speaker 2: this war?

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Speaker 5: Morning?

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Speaker 16: Yeah, I think the main thing coming into focus now

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Speaker 16: is this prospect of US action on the ground, perhaps

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Speaker 16: some kind of incursion even occupation of some of Iran's

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Speaker 16: islands in and around the Persian Gulf. The key one

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Speaker 16: among those would be Hag Island. That's the island in

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Speaker 16: the north of the Persian Gulf which processes about ninety

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Speaker 16: percent of Iran's crude oil exports. You mentioned in your

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Speaker 16: lead in that Trump had mentioned wanting to take the

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Speaker 16: oil in Iran. That would be, on the one hand,

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Speaker 16: an obvious way for the US to get leverage in

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Speaker 16: what is fast fast turning into a protracted war. On

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Speaker 16: the other hand, it would expose any UN forces to

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Speaker 16: I think greater attacks from Iran. It's obviously very close

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Speaker 16: to their mainland, and they've got a very clear incentive

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Speaker 16: to defend that sovereignty line as well. So for now

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Speaker 16: it does seem it was still in escalation mode. I

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Speaker 16: think that the land option is the main one to watch.

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Speaker 2: At the same time, we also heard from President Trump saying,

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Speaker 2: just as we heard that he thinks the negotiation is

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Speaker 2: going well and that Iran has given the US most

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Speaker 2: of the fifteen demands from the fifteen point piece plan.

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Speaker 2: Do we have a sense of what's happening there?

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Speaker 5: Indeed, I mean Iran.

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Speaker 16: When that plan was first kind of emerged, Iran was

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Speaker 16: very vocal in rejecting it. I've just sent a headline

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Speaker 16: myself a few minutes ago saying sitting the Foreign Ministry

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Speaker 16: spokesman in Iran, saying that US demands have been excessive

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Speaker 16: and illogical so far. So Iran, for the moment at

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Speaker 16: least publicly, still very keen to say that it's not

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Speaker 16: on board with these demands.

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Speaker 5: It's worth mentioning that a lot of them.

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Speaker 16: Appeared in the diplomatic negotiations that were happening before the talks, right,

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Speaker 16: so through the course of the war, if anything, we've

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Speaker 16: just added new US demands to that. Most prominently, of course,

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Speaker 16: the status of the Strait of hor moves, and that

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Speaker 16: the prospect of shipping being allowed to pass freely in and.

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Speaker 2: On the idea of further escalation, we saw over the

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Speaker 2: weekend of course, the Ron backed Hoothi rebels entering the

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Speaker 2: fight for the first time. What could that imply as

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Speaker 2: far as where this conflict goes from here?

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Speaker 5: Yeah, that's definitely escalatory.

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Speaker 16: Right, it's a whole new front, it's a whole new

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Speaker 16: regional militia of Irans that's joining the fray. After you know,

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Speaker 16: we've already seen hes Buller in Lebanon do so earlier

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Speaker 16: in the war.

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Speaker 5: The attack in this case.

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Speaker 16: Was targeting Israel that I think in markets perceived to

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Speaker 16: be fairly limited, because the main risk from the Huthis

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Speaker 16: is that they not that they target Israel itself, but

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Speaker 16: that they target the Red Sea, shipping in the Red

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Speaker 16: Sea and in particular the Saudi export terminal or ships

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Speaker 16: that are calling there in Yanbu on the Red Sea,

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Speaker 16: because that is Saudi Arabia's plan B. It's their alternative

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Speaker 16: export route now that the Straight of form Us is

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Speaker 16: effectively close to them, so any strike on that would

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Speaker 16: be much more significant. But the Houthis will also have

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Speaker 16: to balance that with their own diplomacy with the Saudis,

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Speaker 16: with whom they'd no negotiated a ceasefire in recent months.

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Speaker 2: Yeah, just thirty seconds left. But on the idea of diplomacy,

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Speaker 2: we heard from Pakistan saying they stand ready to mediate

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Speaker 2: after their own meetings with regional officials. Is that going anywhere?

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Speaker 16: Yeah, the bugs done officially official suggested that could come

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Speaker 16: in the coming days, but we haven't seen any indication

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Speaker 16: that there's anything along those lines scheduled yet. But now

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Speaker 16: it doesn't appear that anything concrete has come of that.

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Speaker 16: But I think we can expect to see more from

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Speaker 16: those ministers involved Turkey, Saudi, Pakistan, Egypt, trying to bring

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Speaker 16: down the temperature and look for a diplomatic solution.

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