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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 Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with the latest on the war with

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Speaker 3: i Ron. For the second time this week, the US

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Speaker 3: has gone after Iranian military targets as both sides struggled

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Speaker 3: to move ahead on a peace deal. A US official

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Speaker 3: says for Iranian drones targeting a commercial ship were shot

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Speaker 3: down and a launch unit near the straight of Horror

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Speaker 3: moves was hit. Iran says it targeted the bases in

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Speaker 3: Kuwait where the US attacks came from. All this as

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Speaker 3: President Trump insists Iran wants to make a deal.

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Speaker 4: Is very much intent. They want very much to make

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Speaker 4: a deal. So far they haven't gotten it. We're not

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Speaker 4: satisfied with it, but now we will be.

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Speaker 5: We will be.

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Speaker 4: Either that or we'll have to just finish the job.

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Speaker 3: President Trump spoke at a White House Cabinet meeting heard

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Speaker 3: live on Bloomberg Radio. Bloomberg's head of Middle East coverage,

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Speaker 3: Suert Livingston Wallace, reports the president may be in a binding.

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Speaker 6: Ran shown itself to have an exceptionally high pain threshold,

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Speaker 6: and I suspect does consider this to be an ex

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Speaker 6: essential moment for the regime, and therefore, you know, is

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Speaker 6: not prepared to make a lot of concessions, if any

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Speaker 6: concessions what we can see.

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Speaker 3: Bloomberg Stewart living Ston Wallace reports President Trump appears to

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Speaker 3: be cut between Iran's demands for financial relief and ends

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Speaker 3: who attacks and Republican hawks who are urging him to

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Speaker 3: finish the job or at least not sign a bad deal.

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Speaker 2: Nathan Now to the latest in the war in Ukraine.

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Speaker 2: Vladimir Lensky is rejecting the idea of partial membership in

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Speaker 2: the European Union, and a letter to senior EU officials,

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Speaker 2: he argued that the country deserves full membership because its

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Speaker 2: forces are defending the blog from Russia. Here's Zelenski speaking

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Speaker 2: through an interpreter.

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Speaker 7: We we understand that much of the wealth tension is

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Speaker 7: currently focused on the war in Iran, but we must

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Speaker 7: also end the war here in Europe, a bloody conflict

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Speaker 7: that has now been raging at full scale for a

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Speaker 7: fifth year. As soon as we can strength the protection

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Speaker 7: against ballistic missiles, the sooner we can make diplomacy work.

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Speaker 2: Selenski's comments come after German Chancellor Frederick Mertz suggested Ukraine

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Speaker 2: could be granted an associate membership as an interim step

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Speaker 2: before a full accession in the future.

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Speaker 3: Well, now, let's turn to politics at home, Karen. Congressional

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Speaker 3: Democratic leaders have lost a bid for a court order

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Speaker 3: to block the Trump administration from prohibiting mail in voting

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Speaker 3: for anyone who's not on a pre approved list of citizens.

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Speaker 3: A federal judge ruled that the Democrats' legal challenge to

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Speaker 3: President Trump's executive order is premature because the restrictions haven't

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Speaker 3: been put in place yet. The order would ban the

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Speaker 3: Postal Service from sending mail in ballots to anyone who's

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Speaker 3: not on a government approved list compiled by the Department

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Speaker 3: of Homeland Security Nathan.

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Speaker 2: The Trump Justice Department has reportedly opened up a new

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Speaker 2: investigation into one of the presidents perceived political enemies, and Bloomberg.

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Speaker 2: John Tucker joins us with the latest John Good morning, Yeah,

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Speaker 2: Good morning.

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Speaker 8: Caeron the New York Times, reporting the agency has litpen

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Speaker 8: a criminal probe into Ejene Carroll, the eighty two year

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Speaker 8: old former magazine writer who won a civil judgment against

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Speaker 8: the President that he sexually abused and defamed her well.

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Speaker 8: This probe reportedly accuses Carol of concealing financial support for

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Speaker 8: her case from LinkedIn co founder Reid Hoffman, who's appears

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Speaker 8: Trump critic. The Justice Department has aggressively pursued investigations into

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Speaker 8: President Trump's political targets, including the former FBI director James

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Speaker 8: Colby and New York Attorney General Letitia James. The acting

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Speaker 8: Attorney General Todd Blanche reportedly has recused himself from this

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Speaker 8: case because he represented the President in Carol's lawsuit in

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Speaker 8: New York. I'm John Tucker Bloomberg Radio.

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Speaker 3: Okay, John, thank you, and President Trump's filed the new

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Speaker 3: version of his ten billion dollar lawsuit against the Wall

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Speaker 3: Street Journal. The president sued the paper over a story

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Speaker 3: last year that said he sent a body birthday note

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Speaker 3: to Jeffrey Epstein in two thousand and three with a

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Speaker 3: sketch of a naked woman and his signature in the middle.

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Speaker 3: A federal judge dismissed the president's case last month, saying

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Speaker 3: it came nowhere close to the legal standard for a

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Speaker 3: public figure to claim defamation. The new laws suit accuses

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Speaker 3: the journal it's reporters parent company now Jones and Chairman

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Speaker 3: Emeritus Rubert Murdoch of publishing the story, either knowing it

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Speaker 3: was false or with disregard for the truth. Several tech

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Speaker 3: stocks are on the move this morning, including shares of Snowflake.

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Speaker 3: They are surging in the pre market of nearly thirty

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Speaker 3: five percent. The software maker signed a six billion dollar

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Speaker 3: multi year agreement to use Amazon's cloud services and chips.

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Speaker 3: Man Deep Sing is Global head of Tech Research at

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Speaker 3: Bloomberg Intelligence.

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Speaker 9: For a company like Snowflake that has law of big

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Speaker 9: enterprise customers to be able to use the Amazon distribution

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Speaker 9: and the LM integrations they have and integrate Snowflake's data

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Speaker 9: for agent ig functionality, that is how you make sure

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Speaker 9: you don't get disintermediated. And I think that's why you

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Speaker 9: see the positive reaction in terms of those stocks.

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Speaker 3: Mandeep Saying with Bloomberg Intelligence says Snowflake also gave us

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Speaker 3: stronger than expected annual outlook.

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Speaker 2: Shares of Nebius there are more than eleven percent this morning.

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Speaker 2: Nathan the investment and firm Situational Awareness has reported a

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Speaker 2: five point six percent stake in the cloud computing services provider.

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Speaker 2: Before this morning's gain, shares of Nebis were already up

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Speaker 2: almost one hundred and fifty percent this.

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Speaker 3: Year, and Karen. Shares of Dell are up more than

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Speaker 3: four and a half percent. The Pentagon says Dell unit's

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Speaker 3: one of nine point seven billion dollar contract to help

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Speaker 3: the military handle its licenses for Microsoft software across the

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Speaker 3: Defense Department and intelligence community. Dell reports earnings after the

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Speaker 3: close of trading today, and.

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Speaker 2: Shares of Salesforce Nathan they're down about one and a

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Speaker 2: half percent. The company gave a revenue outlook that fell

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Speaker 2: just short of analyst estimates, as unnerving investors already concerned

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Speaker 2: about the possibility that artificial intelligence will disrupt the software

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Speaker 2: business and Kier.

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Speaker 3: We're also hearing from JP Morgan Chase CEO Jamie Diamond.

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Speaker 3: He says his bank will probably spend about a billion

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Speaker 3: dollars more this year than executives expected just last month.

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Speaker 3: Diamond says the increase is mostly driven by better performance,

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Speaker 3: so quote it's a good extra billion. Diamond talked about

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Speaker 3: his bank's performance at the Bernstein Strategic Decisions Conference.

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Speaker 10: I personally think that right now we're over Ernie, And

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Speaker 10: I know that's a hard concept, but you know, I

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Speaker 10: think credit losses are the kind of normalize it, but

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Speaker 10: they still still may be a little low volumes are

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Speaker 10: very high, So remember you know, when you have high volumes,

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Speaker 10: low credit losses and certain market we have today what's

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Speaker 10: a probably over Ernie, you know, but our competition is

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Speaker 10: also very good.

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Speaker 3: Jamie Diamond also says JP Morgan's on the lookout for acquisitions,

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Speaker 3: but he cautions the bank can be patient with capital.

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Speaker 2: Time now for a look at some of the other

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Speaker 2: stories making news in New York and around the world,

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Speaker 2: and for that we're joined by Bloomberg's Michael Barr.

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Speaker 3: Michael, good Morning, Good morning, Karon.

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Speaker 5: The Democratic Republic of Congo is seeking access to an

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Speaker 5: experimental antibody treatment targeting multiple ebola strains, as confirmed infections

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Speaker 5: and deaths continue climbing in the country's east. According to

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Speaker 5: the Health Ministry, they are reported one hundred and twenty

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Speaker 5: one confirmed bola cases and seventeen confirmed deaths in Congo.

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Speaker 5: Suspected cases climb to almost eleven hundred and suspected deaths

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Speaker 5: reached two hundred and thirty eight overall. Doctor cheekway Hekuazoo

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Speaker 5: is with the World Health Organization. He says they are

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Speaker 5: quickly trying to get ahead of the spread by getting

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Speaker 5: infected people in the treatment and isolated.

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Speaker 11: What is always a game of cat and moss because

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Speaker 11: we have to be we don't know where to come from,

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Speaker 11: we don't know when, so we have to kind of

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Speaker 11: continuously work with what we have in order to get

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Speaker 11: to where we.

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Speaker 4: Need to be.

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Speaker 5: Ebola is spread through contact with body fluids of infected, sick,

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Speaker 5: or dead individuals. Recovery crews are continuing to search for

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Speaker 5: nine people who went missing when a tank containing a

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Speaker 5: highly corrosive industrial chemical ruptured at a paper mill in Washington. State.

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Speaker 5: Officials say that two people are known to have died

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Speaker 5: in the accident and seven others have been injured. Washington

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Speaker 5: State Governor Bob Ferguson says it has been emotional for

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Speaker 5: the residents of Longview.

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Speaker 3: You know, any time you're talking about that scale of tragy,

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Speaker 3: that scope of tragy and that number of lives lost

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Speaker 3: and injured, it's a pre profound impact.

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Speaker 5: For community like this, Governor Ferguson. Officials say there is

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Speaker 5: no chance of survival for the nine who are missing.

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Speaker 5: New York lawmakers approved a revenue package that includes a

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Speaker 5: new surcharge on price. He's second homes in the city.

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Speaker 5: The levy is expected to take effect July first. The

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Speaker 5: goal is to generate five hundred million dollars to help

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Speaker 5: close New York City's budget hole. Global news twenty four

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Speaker 5: hours a day and whenever you want it with Bloomberg

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Speaker 5: News Now. I'm Michael Barr, and this is Bloomberg Karen.

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Speaker 2: Thanks Michael a time now for our Bloomberg Sports Update,

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Speaker 2: and for them we bring in John stash Hour.

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Speaker 12: Bes Darren is great a hitter as Joe Ayozani is.

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Speaker 12: This season, he's been an even better pitcher at Dodger

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Speaker 12: Stadium and hit a monster leadoff home run and on

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Speaker 12: the mound he worked six innings, gave up a run

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Speaker 12: but no hits. Lower to Zer to zero point eight two.

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Speaker 12: The Dodgers beat the Rocky four to one. Carolina Hurricanes

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Speaker 12: are now eleven and one in the Stanley Cup Playoffs.

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Speaker 12: They scored three goals in a span of less than

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Speaker 12: three minutes, scored an empty netter, and won four to

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Speaker 12: nothing at Montfreal. The Hurricanes leave the series three games

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Speaker 12: to one. That's for Bloomberg Sports Update.

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Speaker 2: Stay with us. More from Bloomberg Day Break coming up after.

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Speaker 1: This 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 app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. The war with Iran is

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Speaker 3: now at the three month mark, and once again the

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Speaker 3: US is going after Iranian targets near the Strait of Hormuz,

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Speaker 3: even as President Trump says Tehran is desperate to make

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Speaker 3: a deal.

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Speaker 4: They're negotiating on fumes. But we'll see what happens. Maybe

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Speaker 4: we have to go back and finish it. Maybe we don't.

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Speaker 3: That was President Trump at a White House Cabinet meeting

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Speaker 3: herd live on Bloomberg Radio, joining US now as Bloomberg

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Speaker 3: Middle East correspondent to Bloomberg Horizons anchored Jumana Bursecci Jamana.

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Speaker 5: Good morning.

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Speaker 3: Are the latest strikes the US finishing it?

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Speaker 5: Good morning?

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Speaker 13: Yeah, Well, look at another test of the seas far

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Speaker 13: the second time this week that we see an incident

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Speaker 13: across the Strait of Hormones, but the US saying that

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Speaker 13: they acted in a defensive capacity. They shot down four

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Speaker 13: drones that were being directed at a US commercial vessel.

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Speaker 13: They also went on to target a drone launching site

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Speaker 13: in Iran as well, at close to the port of Bendarabas,

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Speaker 13: which is very close to the Strait of Hormos. In return,

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Speaker 13: Iran saying that they would stride back at US military base,

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Speaker 13: and around the same time Kowaits reported that their air

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Speaker 13: defense system had been triggered, and so perhaps you could

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Speaker 13: infer that the Iranian response did come through on that base.

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Speaker 13: There's been no confirmation of that matter. But the point

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Speaker 13: is here that the US did say they were acting

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Speaker 13: defensive capacity, that the seas far is still being upheld,

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Speaker 13: and we truly are not seeing any further signs from

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Speaker 13: both sides that they want to escalate this further or

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Speaker 13: actually resume full scale military hostilities. And in fact, yesterday

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Speaker 13: even irgc A spokesperson was saying that the likelihood of

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Speaker 13: returning back to full all out war was low, but

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Speaker 13: that they were ready for it if it does happen.

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Speaker 3: Well, where does this leave things then, when it comes

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Speaker 3: to the negotiations with the sort of tit for tat

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Speaker 3: happening near the Strait of Horror moves is the straight

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Speaker 3: the focal point at this point?

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Speaker 13: Well, I think the strait and clearing up the Straight

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Speaker 13: is top of mind, especially for President Trump. He made

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Speaker 13: lots of comments about it yesterday. You just played a

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Speaker 13: little bit of a clip he's saying, it's international waters,

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Speaker 13: the Strait's going to be open to everybody. The US

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Speaker 13: will watch over it. And this is i think a

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Speaker 13: response also to some of the language that's coming through

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Speaker 13: from Iranian media suggesting that Iran once again are insisting

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Speaker 13: that they have a right to ownership, of a right

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Speaker 13: to controlling the strait and establishing a new protocol in

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Speaker 13: the future, even a joint system with Oman, which of

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Speaker 13: course the President and eyed and rebuked quite quite aggressively

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Speaker 13: yesterday he even threatened Oman. But that is one of

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Speaker 13: the issues that they are going to be discussing and

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Speaker 13: continue to discuss around the framework for progressing on the negotiations.

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Speaker 13: And the first part of the deals we spoke about

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Speaker 13: would be the lifting of the blockades around the Strait

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Speaker 13: of Hormos, an extension of that ceasefire, and then every

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Speaker 13: opening up of the nuclear file. But how to do

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Speaker 13: it in a manner whereby the US aren't offering too

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Speaker 13: many concessions to Iran upfront in the form of lifting

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Speaker 13: of some of those sanctions and unfreezing assets. So that's

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Speaker 13: the big question mark.

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Speaker 3: Now, So what is the bind that the president's in

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Speaker 3: right now with Iran continuing to insist on, you know,

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Speaker 3: financial support and pressure in Washington for the President not

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Speaker 3: to make a bad deal. We have about a minute laught.

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Speaker 13: Yeah, I mean, that's the thing. And you know they

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Speaker 13: used to say in Brexit around the time of Brexits

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Speaker 13: and no deal is better than a bad deal. And

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Speaker 13: I think in this situation it is obvious that the

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Speaker 13: president does actually want to go down the path of

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Speaker 13: a deal. There were many opportunities in the past week

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Speaker 13: where he could have gone down the military routes. He

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Speaker 13: hasn't done that. He does say that and describe the

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Speaker 13: Ranians as being keen to make a deal. And certainly

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Speaker 13: there's been a big push diplomatically. Cutter are emerging now

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Speaker 13: as a key mediator. The focus has shifted away from

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Speaker 13: Pakistan to Kutar. They're working very hard. I think all

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Speaker 13: golf Arab states have also changed their tune as well.

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Speaker 13: So there is going to be a big push. But again,

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Speaker 13: as we've been speaking about, in all likelihoods, we will

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Speaker 13: probably get a framework for an eventual peace deal, not

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Speaker 13: a fully fledged, comprehensive piece deal that is going to

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Speaker 13: be announced on day one.

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