1 00:00:01,720 --> 00:00:03,800 Speaker 1: News when you want it. With Bloomberg News Now, I'm 2 00:00:03,840 --> 00:00:06,800 Speaker 1: deud prisoner. We begin in Minnesota, where the man suspected 3 00:00:06,800 --> 00:00:09,760 Speaker 1: of shooting two state lawmakers, killing one of them, has 4 00:00:09,800 --> 00:00:13,800 Speaker 1: been taken into custody. The Associated Press says Vance Bolter 5 00:00:14,000 --> 00:00:16,959 Speaker 1: was arrested Sunday evening. The arrest was confirmed to the 6 00:00:17,000 --> 00:00:20,560 Speaker 1: AP by a law enforcement official who did not publicly 7 00:00:20,600 --> 00:00:25,119 Speaker 1: discuss details of this ongoing investigation. It was former Democratic 8 00:00:25,160 --> 00:00:28,680 Speaker 1: House Speaker Melissa Hortman and her husband Mark who were 9 00:00:28,800 --> 00:00:32,720 Speaker 1: killed at their home early Saturday in the northern Minneapolis suburbs. 10 00:00:33,000 --> 00:00:37,040 Speaker 1: At the same time, State Senator John Hoffman, also a Democrat, 11 00:00:37,080 --> 00:00:40,000 Speaker 1: and his wife of Vett, were shot and injured about 12 00:00:40,080 --> 00:00:43,280 Speaker 1: nine miles away. We go to the Middle East next. 13 00:00:43,400 --> 00:00:47,240 Speaker 1: Bloomberg has learned that President Trump vetoed an Israeli plan 14 00:00:47,800 --> 00:00:52,480 Speaker 1: to kill Iran Supreme Leader iotoa Ali Romeni. It's unclear 15 00:00:52,680 --> 00:00:55,920 Speaker 1: if Trump personally delivered the message, waiving Israel off a 16 00:00:55,960 --> 00:00:59,600 Speaker 1: possible assassination attempt. Now, US officials have been in close 17 00:00:59,680 --> 00:01:03,960 Speaker 1: content with Israeli officials ever since Israel launched a series 18 00:01:04,000 --> 00:01:08,120 Speaker 1: of missile and drone strikes on Iran. Tonight, President Trump said, 19 00:01:08,120 --> 00:01:10,560 Speaker 1: the US will continue to support Israel. 20 00:01:10,760 --> 00:01:12,720 Speaker 2: I think it's time for a deal, and we'll see 21 00:01:12,760 --> 00:01:16,280 Speaker 2: what happens. But sometimes they have to fight it out. 22 00:01:16,319 --> 00:01:17,720 Speaker 3: But we're going to see what happens. 23 00:01:18,000 --> 00:01:19,839 Speaker 2: I think there's a good chance there'll be a deal. 24 00:01:20,200 --> 00:01:23,360 Speaker 1: That was President Trump speaking to reporters earlier, and we 25 00:01:23,440 --> 00:01:27,160 Speaker 1: got reaction from William Roebuck. He is former US Ambassador 26 00:01:27,240 --> 00:01:27,840 Speaker 1: to Bahrain. 27 00:01:28,080 --> 00:01:30,600 Speaker 4: My assessment right now is that the US is keeping 28 00:01:30,600 --> 00:01:35,800 Speaker 4: its options open. I believe given their previous push for 29 00:01:35,880 --> 00:01:39,160 Speaker 4: a diplomatic settlement, their preference would be to get back 30 00:01:39,200 --> 00:01:43,280 Speaker 4: to a negotiated settlement. But in some ways I think 31 00:01:43,560 --> 00:01:47,400 Speaker 4: the US approach so far has been they want to 32 00:01:47,520 --> 00:01:50,440 Speaker 4: have their diplomatic cake and eat it too, so to 33 00:01:50,440 --> 00:01:55,800 Speaker 4: speak with the negotiations with Iran and also supporting Israel's approach. 34 00:01:55,920 --> 00:01:59,400 Speaker 1: That was William Roebuck, former US Ambassador to Bahrain. Now, 35 00:01:59,400 --> 00:02:02,560 Speaker 1: the price of crude oil has soared. This is after 36 00:02:02,800 --> 00:02:07,240 Speaker 1: Israeli strikes over the weekend on Iranian energy assets. Brent 37 00:02:07,360 --> 00:02:09,799 Speaker 1: crude the global benchmark was up as much as five 38 00:02:09,840 --> 00:02:12,760 Speaker 1: and a half percent when trading began at six pm 39 00:02:12,800 --> 00:02:16,000 Speaker 1: Wall Street time. We got reaction from Stephen Shork. He 40 00:02:16,080 --> 00:02:18,440 Speaker 1: is the president and founder of the Short Group. 41 00:02:18,520 --> 00:02:21,079 Speaker 3: When we look at the price of Brent brude oil 42 00:02:21,080 --> 00:02:23,359 Speaker 3: in the futures market, which is a proxy for the 43 00:02:23,400 --> 00:02:26,840 Speaker 3: global rights market, for the global price, we had at 44 00:02:26,840 --> 00:02:31,040 Speaker 3: this point coming into this quarter a five percent probability 45 00:02:31,320 --> 00:02:34,280 Speaker 3: that nimix WTI, which is the US market, could trade 46 00:02:34,320 --> 00:02:36,919 Speaker 3: above one hundred and eleven dollars. And that was based 47 00:02:36,960 --> 00:02:41,040 Speaker 3: on the fundamentals and the volatility of our algorithms recognized 48 00:02:41,080 --> 00:02:43,919 Speaker 3: coming into the quarter. For Brent Crudell, that would mean 49 00:02:44,080 --> 00:02:46,680 Speaker 3: five percent probability of about one hundred and fourteen one 50 00:02:46,760 --> 00:02:49,480 Speaker 3: hundred and fifteen dollars a barrel that is in the 51 00:02:49,560 --> 00:02:50,239 Speaker 3: here and the now. 52 00:02:50,480 --> 00:02:53,720 Speaker 1: That was Stephen Shark, President and founder of the Short Group. 53 00:02:54,320 --> 00:02:58,799 Speaker 1: Randy Weingarten has reportedly resigned from the Democratic National Committee. 54 00:02:58,840 --> 00:03:00,840 Speaker 1: She was a long time leader of one of the 55 00:03:00,919 --> 00:03:04,920 Speaker 1: nation's most influential teachers' unions and a major voice in 56 00:03:04,960 --> 00:03:08,880 Speaker 1: democratic politics. The New York Times reports Winegarten pointed to 57 00:03:09,040 --> 00:03:12,799 Speaker 1: disagreements with the DNC's new chairman, Ken Martin. In a 58 00:03:12,880 --> 00:03:16,160 Speaker 1: letter to Martin, Winegarten wrote, I appear to be out 59 00:03:16,160 --> 00:03:19,000 Speaker 1: of step with the leadership you are forging. So we 60 00:03:19,040 --> 00:03:22,200 Speaker 1: have a holiday shortened week in the States, a FED meeting, 61 00:03:22,280 --> 00:03:24,760 Speaker 1: and some earnings as well. A preview now from Bloomberg's 62 00:03:24,840 --> 00:03:25,560 Speaker 1: Charlie Pellett. 63 00:03:25,840 --> 00:03:29,760 Speaker 2: It's all about the outlook. Victoria Fernandez is Chief market 64 00:03:29,800 --> 00:03:31,680 Speaker 2: strategistic Crossmark Global. 65 00:03:31,919 --> 00:03:35,600 Speaker 5: So expectations have come down for the second quarter. I 66 00:03:35,600 --> 00:03:37,840 Speaker 5: think the key is going to be do we see 67 00:03:37,880 --> 00:03:40,520 Speaker 5: that continue for the third and the fourth quarter to 68 00:03:40,600 --> 00:03:43,800 Speaker 5: the point that we're getting into low single or mid 69 00:03:43,920 --> 00:03:45,960 Speaker 5: single digit growth expectations. 70 00:03:46,000 --> 00:03:48,880 Speaker 2: We'll be hearing from companies across a range of industries, 71 00:03:48,920 --> 00:03:54,520 Speaker 2: including Accenture, Darden, restaurants, Kroger, and Lenaar In New York, 72 00:03:54,680 --> 00:03:56,360 Speaker 2: Charlie Bloomberg Radio. 73 00:03:56,640 --> 00:03:59,160 Speaker 1: We go to sports next. The US Open at the 74 00:03:59,200 --> 00:04:03,680 Speaker 1: Oakmont Country Club in Pennsylvania has ended. JJ Spawn was 75 00:04:03,680 --> 00:04:07,600 Speaker 1: able to overcome five early bogies to win, and that 76 00:04:07,760 --> 00:04:09,839 Speaker 1: is news when you want it. With Bloomberg News Now, 77 00:04:10,000 --> 00:04:12,000 Speaker 1: I'm Doug Chrisner and this is Bloomberg