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Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug prisoner.

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Speaker 1: Iran stepped up its assault on key oil and gas

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Speaker 1: infrastructure across the Middle East today. The Islamic Republic targeted

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Speaker 1: sites in Saudi Arabia, Cutter and the United Arab Emirates

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Speaker 1: with a wave of drone and missile attacks, and at

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Speaker 1: the same time, crude oil prices eased a bit as

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Speaker 1: the marketweight comments from President Trump and US Treasury Secretary

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Speaker 1: Scott Bessant. Trump said he's not putting troops anywhere when

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Speaker 1: asked about sending ground forces to the Middle East, and

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Speaker 1: Besson said it's likely Iran's regime will probably collapse within itself.

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Speaker 1: Oil prices did swing in a range during the day.

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Speaker 1: WTI spiked above one hundred dollars before easing to around

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Speaker 1: ninety six dollars, and Brent rose above one hundred nineteen

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Speaker 1: dollars before studying at around one hundred and nine dollars. Meantime,

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Speaker 1: Israeli Prime Minister Benjamin Neknyaho said Iran is no longer

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Speaker 1: able to enrich uranium or manufacture ballistic missiles. In a

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Speaker 1: news conference earlier today, the Prime Minister addressed Israeli actions.

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Speaker 2: We destroyed missiles, and we destroyed a lot of the

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Speaker 2: nuclear infrastructure. But what we're destroying now are the factories

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Speaker 2: that produce the components to make these missiles and to

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Speaker 2: make the nuclear weapons that they're trying to produce. We're

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Speaker 2: wiping out their industrial brace in a way that we

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Speaker 2: didn't do before.

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Speaker 1: Net Nyahu also said the US and Israel have destroyed

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Speaker 1: Iran's naval fleet in the Caspian Sea, and he said

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Speaker 1: Iran's air force is nearly destroyed and its air defenses degraded.

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Speaker 1: And the Prime Minister said Israel is helping the US

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Speaker 1: open the Strait of Hormuz. Us by Chief Tulsa Gabbard

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Speaker 1: said the US and Israel have different goals for their

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Speaker 1: joint military campaign in Iran. Gabbert, who is Director of

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Speaker 1: National Intelligence, told lawmakers that Israel is focused on targeting

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Speaker 1: Iran's leadership, while the Trump administration is focused on degrading

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Speaker 1: the country's military. The Pentagon is asking for an additional

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Speaker 1: two hundred billion dollars from Congress to pay for the

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Speaker 1: war against Iran. We are told the request has been

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Speaker 1: sent to the White House for a review, and President

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Speaker 1: Trump has yet to sign off. Earlier, Defense Secretary Pete

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Speaker 1: Hegseth addressed the steep price tag.

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Speaker 3: As far as two hundred billion dollars. I think that

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Speaker 3: number could move. Obviously, it takes money to kill bad guys.

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Speaker 3: So we're going back to Congress and folks there to

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Speaker 3: ensure that we're properly funded for what's been done for

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Speaker 3: what we may have to do in the future now.

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Speaker 1: Hegseth also argued that campaign was ahead of schedule, and

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Speaker 1: he disputed that the US was getting embroiled in a quagmire.

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Speaker 1: If approved, the two hundred billion dollar spending bill would

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Speaker 1: be the largest since the COVID relief Bill of twenty twenty.

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Speaker 1: It would also be more than the estimated sixty five

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Speaker 1: billion spent on assistance to Ukraine since twenty twenty two.

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Speaker 1: Earlier today, President Trump hosted Japanese Prime Minister sana etaki

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Speaker 1: Ichi at the White House with talks focused on the

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Speaker 1: ongoing war in Iran. Bloomberg's Tyler Kendall has the latest

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Speaker 1: from Washington.

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Speaker 4: As Japanese Prime Minister taka Ichi visited the White House

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Speaker 4: here today, President Trump said that Japan is quote stepping

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Speaker 4: up to the plate unlike NATO allies. Though it is

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Speaker 4: clear that tensions remain, it's not immediately clear what steps

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Speaker 4: Japan is taking when it comes to the conflict in Iran,

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Speaker 4: though President Trump said the pair of leaders will discuss

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Speaker 4: Japan's mind sweeping capabilities. In dialogue behind closed doors, the

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Speaker 4: Japanese Prime Minister saying she had brought to the US

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Speaker 4: concrete proposals to help calm energy markets and condemned the

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Speaker 4: closure of the Strait of Hermus, which data shows ninety

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Speaker 4: percent of Japan's crude oil imports flow through. Uncomfortable circumstances

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Speaker 4: were on display, though, when a reporter asked President Trump

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Speaker 4: why the US hadn't informed allies about the war, and

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Speaker 4: he answered, who knows better about surprise than Japan in

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Speaker 4: reference to Pearl Harbor.

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Speaker 1: That was Bloomberg's Tyler Kendall in Washington. President Trump has

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Speaker 1: signaled his support for the investigation of Fedshair J.

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Speaker 5: Powell.

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Speaker 1: Speaking earlier today during an Oval Office news conference, Trump

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Speaker 1: land basted Powell, and the President again alleged criminal wrongdoing

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Speaker 1: in the costly renovation of the fed's DC headquarters. The

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Speaker 1: project is at the heart of the DOJ's investigation into

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Speaker 1: Powell and the Central Bank. Now, Trump's remarks could escalate

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Speaker 1: the legal feud and extend Powell's tenure. It may also

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Speaker 1: have a negative effect on the confirmation of Trump's nominee

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Speaker 1: for Fedshair Kevin Walsh. On Wednesday, Powell said he will

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Speaker 1: not leave the FED until the investigation of him is over.

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Speaker 1: The Department of Justice has sent a subpoena to former

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Speaker 1: FBI Director James Comy. This is part of an investigation

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Speaker 1: into whether former law enforcement and intelligence officials waged a

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Speaker 1: conspiracy against President Trump.

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Speaker 4: Now.

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Speaker 1: The subpoena is seeking information about Comy's role in putting

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Speaker 1: together an intelligence assessment about Russia's interference in the twenty

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Speaker 1: sixteen presidential election. After the Bell, FedEx reported earning a

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Speaker 1: and the company also raised its full year profit forecast.

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Speaker 1: More from Bloomberg's Charlie Pellett.

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Speaker 5: The more bullish outlook indicates that FedEx expects to withstand

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Speaker 5: mounting economic turmoil from the war in Iran and soaring

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Speaker 5: energy prices. Peter McNally is the global head of Industrials,

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Speaker 5: Materials and Energy at Third Bridge.

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Speaker 3: Well, I'm trying to remember a time where expectations were

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Speaker 3: this high and FedEx delivered.

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Speaker 1: It's been a long time.

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Speaker 5: FedEx has been bolstering its operations with a broad overhaul

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Speaker 5: by combining its express, air freight, and ground delivery networks

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Speaker 5: in New York Charlie Pellett Bloomberg Radio, Transportation Secretary Sean

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Speaker 5: Duffy says the partial government shutdown could get much worse.

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Speaker 1: In an interview with CNBC, Duffy said, what's happening right

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Speaker 1: now is going to look like child's play. You're going

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Speaker 1: to see small airports, I believe shut down. You're going

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Speaker 1: to see extensive lines and air travel is going to

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Speaker 1: almost come to Gridholt stop. TSA agents have already missed

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Speaker 1: their first full paycheck earlier this week. More than ten

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Speaker 1: percent of TSA agents called out of work, that is

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Speaker 1: the highest rate during this partial shutdown. The NTSB is

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Speaker 1: investigating a close call between a commercial airliner and a

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Speaker 1: cargo plane that happened Tuesday evening at Newark Liberty International Airport.

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Speaker 1: Both aircraft were attempting to land on crossing runways and

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Speaker 1: Alaska Airlines Boeing seven thirty seven overflew of FedEx, bowing

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Speaker 1: Triple seven by around three hundred feet. Air traffic control

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Speaker 1: instructed the Alaska aircraft to go around seconds before it

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Speaker 1: neared touchdown. And that is news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Prisoner and this is

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Speaker 1: Bloomberg