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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: made Kalengi. Iran fired hundreds of ballistic missiles against Israel

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Speaker 1: following an unprecedented direct attack on its nuclear facilities, ramping

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Speaker 1: up a conflict between sworn enemies that threatens to engulf

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Speaker 1: the Middle East and disrupt global oil supplies. Multiple waves

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Speaker 1: of missiles targeting Israeli cities abount to the most forceful

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Speaker 1: step yet by Tarronson's. Israel's overnight raids killed top are

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Speaker 1: running in general's and badly damaged key military infrastructure. Israel

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Speaker 1: set it identified missiles launched from the Islamic Republic and

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Speaker 1: reported explosions from interceptions and falling debris from incoming projectiles.

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Speaker 1: There was dramatic video footage of at least one large

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Speaker 1: explosion in Tel Aviv and reports of explosions over Jerusalem.

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Speaker 1: The extent to which Israel's air defenses were pierced remains

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Speaker 1: to be seen, with US forces helping to intercept and

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Speaker 1: shoot down running in attacks. Chuck Hagel was Defense Secretary

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Speaker 1: when President Barak Obama negotiated a nuclear agreement with Iran

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Speaker 1: with the concurrence of European allies Russia, and China. President

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Speaker 1: Trump pulled out of the deal in his first term.

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Speaker 1: In a Bloomberg interview, Hagel says, we're now suffering the consequences.

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Speaker 2: I don't think we would be in this position. That

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Speaker 2: twenty fifteen agreement was very significant because it opened up Iran.

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Speaker 2: It opened our ability to inspect, to have actual US

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Speaker 2: inspectors on the ground, and to have it abruptly stopped.

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Speaker 2: No question in my mind, of course, it was going

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Speaker 2: to lead to something like this.

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Speaker 1: Late Friday night, Israeli Prime Minister Benjamin Netanyahu, in a

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Speaker 1: video posted on x spoke directly to the Iranian people, the.

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Speaker 3: Proud people of Iran. We're in the midst of one

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Speaker 3: of the greatest military operations in history, Operation Rising Lion.

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Speaker 3: The Islamic regime, which has oppressed you for nearly fifty years,

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Speaker 3: threatens to destroy my country, the state of Israel. The

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Speaker 3: objective of Israel's military operation is to remove the threat,

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Speaker 3: both the nuclear threat and the ballistic missile threat to Israel.

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Speaker 3: And as we achieve our objectives, we're also clearing the

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Speaker 3: path for you to achieve your objective, which is freedom.

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Speaker 1: Missouri Governor Mike Kehoe is activating National Guard troops to

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Speaker 1: support local law enforcement, joining Texas and turning to military

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Speaker 1: personnel ahead of nationwide protests on Saturday against President Trump.

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Speaker 1: The Missouri deployment may be needed to maintain order in

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Speaker 1: cities such as Saint Louis, Kansas City, and Springfield. The

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Speaker 1: Republican governor said this in an executive order. Keiho, who

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Speaker 1: also declared a state of emergency, did not specify how

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Speaker 1: many troops would be called into service a day of

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Speaker 1: No King's protests as planned for Saturday, with organizers estimating

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Speaker 1: that rallies large and small will take place at almost

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Speaker 1: two thousand locations around the country. The same day, Trump

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Speaker 1: is holding a military parade in Washington. A move lower

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Speaker 1: for the US equity market amid heightened Mideast tensions. We

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Speaker 1: get more from Bloomberg's Charlie Pellet.

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Speaker 4: The SMP five hundred index fell point four percent this week.

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Speaker 4: The Dow is down one point three five percent, a

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Speaker 4: nastack on the week, down point six percent. Energy producers

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Speaker 4: and defense shares rows, airline and travel companies tumbled, and

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Speaker 4: West Texas Intermediate crewde futures surged almost seven point three percent. Friday,

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Speaker 4: The SMP five hundred index down one point one percent,

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Speaker 4: ending the week below six thousand, fifty nine seventy six

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Speaker 4: in New York Charlie Pellett Bloomberg Radio.

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Speaker 1: The Pond Steel won conditional US approval for its fourteen

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Speaker 1: point one billion dollar purchase of US steel, capping a

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Speaker 1: lengthy saga and a tie up that will create one

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Speaker 1: of the world's largest steel companies. In release Friday, the

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Speaker 1: company said they've committed to a national security agreement proposed

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Speaker 1: by the Trump administration, which earlier cleared the deal subject

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Speaker 1: to those terms. As part of the fifty five dollars

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Speaker 1: per sheered deal, the Japanese company will invest an additional

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Speaker 1: eleven billion by twenty twenty eight, including initial commitment in

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Speaker 1: a greenfield project that would be completed after twenty twenty eight.

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Speaker 1: Nippon had previously raised its pledged additional investment in an

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Speaker 1: effort to win President Trump's approval. After two rounds of

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Speaker 1: the US Open at the Oakmont Country Club, Sam Burns

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Speaker 1: five hunder four the day on Friday, three under four

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Speaker 1: of the tournament, heads into Saturday's third round with a

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Speaker 1: one shot lead. The Friday numbers on Wall Street, all

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Speaker 1: the major averages were down over one percent. That down

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Speaker 1: lost seven sixty nine. Nasdak dropped two fifty five. The

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Speaker 1: S and P fell sixty eight. The ten year treasurer

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Speaker 1: yield at four point four to one percent, the two

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Speaker 1: year at three point nine five percent. Oil prices shot

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Speaker 1: up eight percent to close around seventy three dollars a

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Speaker 1: barrel on worries about crude shipment to round the Middle East.

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Speaker 1: That's news when you want it with Bloomberg News. Now

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Speaker 1: I made Kaleggiate. This is Bloomberg