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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 new developments in the Middle East.

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Speaker 3: US forces have carried out fresh strikes on Iran, targeting

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Speaker 3: air defense and surveillance sites near the Strait of Horror Moves.

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Speaker 3: The military is describing the attacks as proportional. They came

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Speaker 3: hours after President Trump blamed Tehran for shooting down an

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Speaker 3: American military helicopter. ABC Chief Washington correspondent Jonathan Carl was

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Speaker 3: on the phone with President Trump when the strikes were announced.

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Speaker 4: The President made it clear to me that these US

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Speaker 4: strikes on Iran are specifically in response to Iran's downing

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Speaker 4: of that Apache helicopter. He brought up the peace deal

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Speaker 4: that he is trying to negotiate with the Iranians. It

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Speaker 4: seemed clear to me that even as he was ordering

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Speaker 4: US attacks on Iran, he still believes he can get

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Speaker 4: a peace deal with the Iranians.

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Speaker 3: And ABC's Jonathan carlsa's President Trump told him he does

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Speaker 3: not see the strikes as the start of a major

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Speaker 3: new offensive. Bloomberg Middle East corresponded to Birabu Omar says

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Speaker 3: Iran has retaliated now.

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Speaker 5: The Iranian response came in the shape of attacks against

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Speaker 5: some GCC countries that includes the US Fifth Fleet and Bahan,

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Speaker 5: but also some US bases in Kuwait and in Jordan

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Speaker 5: as well. A US base was attacked there. The IRGC

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Speaker 5: came out and said that any attack will be responded to.

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Speaker 5: President Trump maintains that discussions to reach the ceasefire truce

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Speaker 5: are still underway and that Pakistan is still very much

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Speaker 5: mediating those truce discussions.

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Speaker 3: Bloomberg's a birabo Olmar says iron has not acknowledged shooting

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Speaker 3: down the US helicopter.

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Speaker 2: Well, let's turn to politics at home. Nathan primary election

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Speaker 2: results are in for four states across the country. Much

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Speaker 2: of the nation's focus was on the Democratic Senate race

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Speaker 2: in Maine, where with eighty percent of ballots counted, progressive

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Speaker 2: military veteran Graham plat is the winner with seventy two

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Speaker 2: percent of the vote. Governor Janet Mills suspended her campaign

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Speaker 2: in April due to lackluster fundraising, but she still picked

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Speaker 2: up nineteen and a half percent. Last night, Platner's campaign

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Speaker 2: was played by a series of scandals and accusations of

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Speaker 2: past misbehavior, and he alluded to it in his victory

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Speaker 2: speech last night.

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Speaker 6: Every day I wake up and I try to be

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Speaker 6: a little bit better and a little bit kinder than

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Speaker 6: I was the day before. And if you give me

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Speaker 6: the chance, I will be a Senator for the people

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Speaker 6: who cannot afford to buy a senator.

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Speaker 2: Gram Plattner will now go on to face Republicans sue

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Speaker 2: the Susan Collins. In November, she ran uncontested in her

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Speaker 2: bid for a sixth Senate term, Karen.

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Speaker 3: It was also a busy election night in South Carolina,

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Speaker 3: where the Republican governor's race is headed for a runoff.

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Speaker 3: Lieutenant Governor Pamela Vett had President Trump's endorsement in the

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Speaker 3: five way field with ninety nine percent of votes counted.

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Speaker 3: Evett came in first with twenty eight point nine percent.

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Speaker 3: State Attorney General Alan Wilson is second with twenty six

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Speaker 3: point two per They'll face each.

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Speaker 7: Other again in two weeks.

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Speaker 3: Congressman Nancy Mace came in last place with twelve point

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Speaker 3: one percent after President Trump snubbed her with his endorsement,

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Speaker 3: but May says she has no regrets I'm voted to

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Speaker 3: release the EPC files and lost some support for that.

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Speaker 7: As a survivor, I chose to.

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Speaker 3: Stand on principle and stand against the EPSTEIN cover up.

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Speaker 3: Along with Nancy May's fellow congress member Ralph Norman failed

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Speaker 3: to make the cut. He was a strong supporter of

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Speaker 3: President Trump's first term, but endorsed NICKI Haley in the

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Speaker 3: twenty twenty four campaign.

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Speaker 2: In another key South Carolina race, Nathan Republican Senator Lindsey Graham,

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Speaker 2: avoids a runoff. He defeated conservative businessman Mark Lynch fifty

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Speaker 2: six point eight to twenty eight point nine percent. After

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Speaker 2: winning President Trump's early endorsement, grand Will faced Annie Andrews

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Speaker 2: in November. She won the Democratic primary with sixty one

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Speaker 2: and a half percent of the vote. Andrews ran unsuccessfully

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Speaker 2: against Nancy Mace for Congress in twenty twenty two, and

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Speaker 2: longtime Democratic Congressman Jim clyber and clinched his party's nomination

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Speaker 2: for an eighteenth term with more than ninety percent of

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Speaker 2: the vote. After Republicans draw plans for a mid decade redistricting.

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Speaker 7: There were some other key races last night.

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Speaker 3: In Nevada, Karen and the governor's contest, State Attorney General

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Speaker 3: Aaron Ford ran away with the Democratic nomination with nearly

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Speaker 3: sixty four percent of the vote. Ford will face Republican

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Speaker 3: incumbent Joe Lombardo in an election that's become a referendum

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Speaker 3: between President Trump's no tax on tips policy and a

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Speaker 3: slumping tourist economy. In Las Vegas and Reno, Lombardo won

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Speaker 3: his primary with almost ninety one percent of the vote.

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Speaker 2: And in Nevada's second congressional District Nathan the Republican race

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Speaker 2: is still too close to call with eighty three percent

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Speaker 2: of votes counted. Trump backed military veteran David Flippo leads

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Speaker 2: former state Senator James Settlemeyer forty five point seven to

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Speaker 2: thirty five point three percent. Retiring Congressman Mark M. Day

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Speaker 2: Endure Settlemeyer to replace him.

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Speaker 3: And finally, in North Dakota, Karen Julie Fetterchak won the

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Speaker 3: Republican primary for her state's only House district with seventy

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Speaker 3: three percent of the vote. Federchack will face Democrat Trigg

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Speaker 3: va Hammer in November.

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Speaker 7: He ran uncontested.

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Speaker 2: Wenagan billionaire Bill Gates, who is set to appear behind

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Speaker 2: closed doors before the House panel investigating Jeffrey Epstein, and

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Speaker 2: now we're learning that Gates, who's getting help from the

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Speaker 2: former council for the committee and Bloomberg's Amy Moore supports

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Speaker 2: from Washington.

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Speaker 8: The co founder of Microsoft, has reportedly been getting some

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Speaker 8: help from Jake Greenberg, who The New York Times says

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Speaker 8: was spearheading the Oversight Panel's Epstein inquiry until December. The

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Speaker 8: Gates Foundation, which has launched an external review of gates

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Speaker 8: ties with Epstein, told The Financial Times that it regretted

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Speaker 8: having any employees interact with Epstein in any way. Gates

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Speaker 8: has not been charged with anything. He has called his

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Speaker 8: relationship with Epstein a huge mistake and has denied any

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Speaker 8: wrongdoing in Washington. Amy Moore as Bloomberg Radio. Okaymie, thank you.

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Speaker 8: Let's turn to markets now. Futures are adding to yesterday's

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Speaker 8: declines on Wall Street. At one point, the tech heavy

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Speaker 8: Nasdaq one hundred index was down more than four percent.

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Speaker 8: It paired those losses to close down one point one

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Speaker 8: percent this morning. The tech retreat is spreading to Asia.

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Speaker 8: South Korea's COSTPI index slid four and a half percent.

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Speaker 2: We're just one day away from the highly anticipated IPO

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Speaker 2: of SpaceX. Bloomberg. John Tucker joins us with the very

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Speaker 2: latest John, good morning, Good morning Karen.

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Speaker 9: Demand for what's expected to be the largest ever IPO

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Speaker 9: is blasting off way over subscribed. It's around two hundred

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Speaker 9: and fifty billion dollars. That's more than three times the

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Speaker 9: seventy five billion, but SpaceX is trying to raise. Multiple

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Speaker 9: institutional investors place orders for about ten billion dollars or

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Speaker 9: more of shares each banks leading the IPO. They're expected

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Speaker 9: to stop taking orders from institutional investors after the market

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Speaker 9: closes today. Now, mom and pop investors can still submit

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Speaker 9: orders for SpaceX shares on some platforms beyond tonight's deadline.

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Speaker 9: The company allocating as much as thirty percent of the

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Speaker 9: offering to retail. SpaceX's IPO center price tomorrow. It'll trade

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Speaker 9: on Friday in New York. I'm John Tucker, Bloomberg Radio.

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Speaker 7: John. Thanks, Paramount Skuydances.

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Speaker 3: One hundred and ten billion dollar takeover of Warner Brothers

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Speaker 3: Discovery is now in a review in the European Union

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Speaker 3: regulators there approbing the involvement of Middle Eastern funds in

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Speaker 3: the takeover. Scrutiny from the EU is one of the

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Speaker 3: last hurdles Paramount has to overcome after outmaneuvering rival suitor

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Speaker 3: Netflix with multiple bids for warners over more than five months.

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Speaker 2: Well, Nathan, if it turns out you're not excited for

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Speaker 2: this week's World Cup, You're not alone. In a recent survey,

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Speaker 2: more than half of US adults said they are unlikely

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Speaker 2: to watch any of the games on TV. Only thirteen

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Speaker 2: percent said they were absolutely certain to watch. According to

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Speaker 2: a Morning Console poll conducted by Bloomberg, views on the tournament,

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Speaker 2: varied by age gen Z, whose oldest members are in

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Speaker 2: their late twenties, show the most enthusiasm. Baby boomers, now

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Speaker 2: in their sixties and seventies, displayed the least excitement. Three

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Speaker 2: quarters of them say they are not soccer fans, in

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Speaker 2: about half have never heard of star Lanel Messi. The

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Speaker 2: World Cup, which is co hosted by the US, Mexico,

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Speaker 2: and Canada, kicks off tomorrow. Time now for a look

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Speaker 2: at some of the other stories making news in New

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Speaker 2: York and around the world. And for that we're joined

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Speaker 2: by Bloomberg's Michael Barr. Michael, Good Morning, Good morning Karen.

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Speaker 10: Game four of the NBA Finals is tonight there will

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Speaker 10: be a watch party outside Madison Square Garden, but NYPD

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Speaker 10: officials will compy Monday night security perimeter and you'll need

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Speaker 10: a ticket. Meanwhile, MSG and the Knicks aren't happy with

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Speaker 10: police and the mayor, calling Commissioner Tish and Zora Memdani

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Speaker 10: party poopers. More on the game with John stash Hour

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Speaker 10: in a moment. Meanwhile, a Nick's watch party Monday night

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Speaker 10: at Brian Park turned violent. The NYPD arrested more than

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Speaker 10: twenty people. Residents in California face potential power outages later

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Speaker 10: this week as wins will increase wildfire risks. Bloomberg's Craig Allen.

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Speaker 11: The heat is beginning to intensify and expand across more

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Speaker 11: of the US, and this heat, the dry air, the

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Speaker 11: strong winds will be a major hazard in the planes, Rockies,

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Speaker 11: and especially in northern California. Red flag warnings cover these

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Speaker 11: regions and we're keeping a very close eye on the

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Speaker 11: potential danger in the Sacramento Valley about twenty to thirty

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Speaker 11: miles either side of I five. Heat advisories now have

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Speaker 11: also been posted in many counties could lose power intentionally

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Speaker 11: as PG and E shuts it down to prevent fires

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Speaker 11: from overloaded transformers or winds knocking down the lines. Any

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Speaker 11: spark or flames would spread very, very rapidly. The threat

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Speaker 11: for this may continue right through the rest of the week.

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Speaker 10: Bloomberg's Greig Allen. It is the first new ultraviolet filter

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Speaker 10: for sunscreens in more than twenty years. The FDA announced

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Speaker 10: it is adding an ingredient to its list of what

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Speaker 10: is permitted. Doctor Darien Sutton.

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Speaker 6: It's been engineered in a way where it can sit

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Speaker 6: on top of the skin.

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Speaker 12: It doesn't deeply penetrate, but it still does that job.

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Speaker 6: Of preventing those UV rays from causing damage.

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Speaker 10: Doctor Sutton spoke to ABC. Kim Johan Nun called ties

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Speaker 10: with China top priority. During Chinese President Chiajingping's visit to Pyongyang,

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Speaker 10: the two leaders vowed to expand cooperation in trade and tourism.

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Speaker 10: Pope Leo delivered a message of hope and unity to

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Speaker 10: about forty thousand people at the Olympic Stadium in Barcelona Tuesday.

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Speaker 7: I'm there you entering Nosaltres.

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Speaker 10: Today the pativ will celebrate Mass at the Fame Segratta.

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Speaker 10: Familia Global News twenty four hours a day and whenever

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Speaker 10: you want it with the Bloomberg News. Now now Michael Barr,

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Speaker 10: and this is Bloomberg Hearing.

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Speaker 7: Well, Thanks Michael.

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Speaker 2: Time now for our Bloomberg Sports update, and for that

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Speaker 2: we bring in John stash Hour.

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Speaker 12: Thanksgaring game for the Stanley Cup. Finally, in Las Vegas,

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Speaker 12: Carolina Hurricanes scored a goal of minute six in. They

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Speaker 12: led two nothing and three to one in the first period.

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Speaker 12: Vegas tied the game in the second, three to three

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Speaker 12: in the third, and Jordan's Stall scored six and a

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Speaker 12: half minutes in the Hurricanes at an empty ninter They

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Speaker 12: won five to three and the series is tied at two.

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Speaker 12: The Nixons first play their Game four the NBA Finals

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Speaker 12: tonight in New York. Forty four year old Serena Williams

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Speaker 12: victorious in her return to professional tennis team to Victoria

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Speaker 12: in Boklo to win a doubles match in England.

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Speaker 7: That's a Bloomberg Sports update.

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Speaker 2: Stay with us 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 app.

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Speaker 7: This is Bloomberg Daybreak. Good morning to Nathan Hager.

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Speaker 3: There are fresh tensions this morning in the Middle East,

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Speaker 3: with the US and Iran exchanging attacks after the downing

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Speaker 3: of the Apache helicopter near the Strait of Hormus, and

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Speaker 3: US election seasons heating up with important primaries in Maine,

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Speaker 3: South Carolina, Nevada, and North Dakota. Joining us from more

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Speaker 3: on all this this morning is Terry Haynes, the founder

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Speaker 3: of Pangaea Policy. Great to speak with you as always, Terry.

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Speaker 3: Want to start with what's happening in the Middle East.

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Speaker 3: We heard US Central Command say its response to the

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Speaker 3: downing of the Apache helicopter was proportional, but just this morning,

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Speaker 3: Iranian state media our reporting Tehran is going to reassess

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Speaker 3: peace after the latest attacks.

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Speaker 7: Where do you see things at this point?

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Speaker 13: Good morning, Good morning, Nathan. A couple of things. One

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Speaker 13: is that I think there is an increased likelihood, it's

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Speaker 13: certainly more than a trailing risk, that the United States

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Speaker 13: response is unlikely to remain proportionate. Frankly, because Iran isn't.

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Speaker 13: This is being covered in the United States press largely

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Speaker 13: as kind of a tit for tat, but Iran's been

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Speaker 13: kind of disproportioned for quite some time. You'll recall a

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Speaker 13: couple of weeks ago there was an attack on a

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Speaker 13: nuclear reactor in the Emirates by Iran that the IAEA

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Speaker 13: says was more dangerous than attacking Zaparisha in Ukraine, and

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Speaker 13: is even warning of a possible nuclear event in the

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Speaker 13: Gulf region of the sort of kind. Iran now is

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Speaker 13: also saying that the Gulf States need to make a

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Speaker 13: moral choice to stop US and Israel. Moral is their work,

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Speaker 13: and what they're trying to do is present the specter

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Speaker 13: of destabilizing the Golf in a more fundamental way. Now.

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Speaker 13: I think the Golf already made the choice militarily and

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Speaker 13: economically to be kind of on the United States side.

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Speaker 13: But Iran's going to try to push this sort of

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Speaker 13: advantage that by itself seems to me to be a

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Speaker 13: dangerous escalation on their side that risks the United States,

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Speaker 13: making the response less proportional.

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Speaker 3: Up to now, the market has been able to look

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Speaker 3: past many of the developments in the Middle East and

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Speaker 3: focus on the Ai trade. Are you thinking that we're

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Speaker 3: getting to a point where the market needs to start

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Speaker 3: pricing in a prolonged conflict in the Middle East?

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Speaker 13: I think The answer is probably not certainly at this point.

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Speaker 13: But what I would warrant of is that there's going

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Speaker 13: to be a rising shot of more volatility than less.

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Speaker 13: Markets think they have this pigeonholed. What I suggest today

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Speaker 13: is that that confidence is misplaced.

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Speaker 7: I want to turn to the election results.

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Speaker 3: Of course, a lot of the focus on the main

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Speaker 3: Democratic Senate primary landslide win for Graham Platner, but maybe

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Speaker 3: not as big a landslide as was expected before some

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Speaker 3: of the scandal surface surrounding him.

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Speaker 7: What's your read on last night's result?

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Speaker 13: Well, a couple of things. One is I've been for

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Speaker 13: the last couple of weeks been non consensus that Republicans

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Speaker 13: are sixty percent likely to keep Congress in the fall.

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Speaker 13: I expect a lot of change in my view over

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Speaker 13: the next five months, and it's believe it or not,

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Speaker 13: it will be five months before this is resolved. You've

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Speaker 13: got progressive purists that are triumphing here. But beyond the

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Speaker 13: many platin or personal issues which are real and won't

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Speaker 13: go away, You've got purism, but be kind of an

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Speaker 13: inauthentic candidate. You've got pessimism instead of solutions. He's given

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Speaker 13: away a lot of the center in a state where

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Speaker 13: Collins is the ultimate centrist. And I note, you're right

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Speaker 13: to say he had a landslide, but Governor Mills got

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Speaker 13: twenty percent. She's not even a candidate anymore. The bigger

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Speaker 13: threat with Platner, and one reason why I'm at sixty

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Speaker 13: Gerrars is that you can nationalize that negative perception. It

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Speaker 13: won't just be Platner in Maine, it's tall Ico in Texas.

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Speaker 13: It might be a candidate in Michigan as well, and

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Speaker 13: the main Michigan candidates are both anti Israeli candidates. Plus

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Speaker 13: you've got the Bidens coming back the summer and fall

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Speaker 13: to remind everybody of what that was like. National Democrats

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Speaker 13: are already seeing a lot of this, starting to shy

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Speaker 13: away from Platner. And finally, I would note too that there,

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Speaker 13: you know, Wall Street's got rising concern about the potential

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Speaker 13: of waning influence from Senate Democratic leader Schumer. You know,

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Speaker 13: Mills with Schumer's candidate, not Platner, for example, And you know,

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Speaker 13: so this is this fight for the soul of the

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Speaker 13: Democratic Party is also a fight over its leadership, particularly

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Speaker 13: in the Senate, and particularly with a leader that's very

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Speaker 13: close to Wall Street.

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Speaker 3: Just one minute left here, Terry, But I got to

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Speaker 3: get your take on the South Carolina Governor's race where

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Speaker 3: President Trump's endorsement led to a runoff now for Pamela

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Speaker 3: Vett against Alan Wilson.

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Speaker 13: I think what you get here is you have two

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Speaker 13: establishment candidates, two establishments, you know, successful statewide run candidates

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Speaker 13: and lieutenant governor and the attorney general. So yeah, and

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Speaker 13: South Carolina has proved itself, as Nicky Haley can tell you,

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Speaker 13: to be very focused not only institutionally on the Republican Party,

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Speaker 13: but also focused very solidly to keep on the rights

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Speaker 13: to the proper side of Donald Trump. So you've got

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Speaker 13: kind of two Trump like candidates endorsed candidates. One at

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Speaker 13: least that's a candidate already. You notice the people that

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Speaker 13: the Trump disfavored are out.

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Speaker 7: And I'm Nathan Hager.

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