WEBVTT - Special Coverage: US Attacks Nuclear Sites in Iran 0:00:04.480 --> 0:00:08.320 This is Bloomberg Surveillance with Tom Keene and Paul Sweeney. 0:00:08.640 --> 0:00:12.000 Very important headlines out and they moved the market. How 0:00:12.000 --> 0:00:12.760 did you're the fetish? 0:00:12.800 --> 0:00:16.600 Assessing what's happening with these terrifs with Lisa Mittel on market. 0:00:16.360 --> 0:00:20.079 The economic calendar jam pack today and Michael Barr. 0:00:19.760 --> 0:00:23.480 With new President Trump is questioning Russian leader Vladimir Butin's 0:00:23.480 --> 0:00:24.120 actions the. 0:00:24.079 --> 0:00:28.240 Best in economics, finance, investment, and international relations. 0:00:28.320 --> 0:00:30.920 This is Bloomberg Surveillance. 0:00:30.320 --> 0:00:33.680 On Bloomberg Radio, YouTube and Bloomberg Originals. 0:00:35.640 --> 0:00:39.320 Good morning everyone, A special edition of Bloomberg Surveillance is 0:00:39.360 --> 0:00:43.839 Sunday for you across America around the world. The Bloomberg 0:00:43.880 --> 0:00:48.560 News headline out right now. Iran reserves all options after 0:00:48.760 --> 0:00:52.680 US hits nuclear sites. Welcome to our coverage for the 0:00:52.720 --> 0:00:55.200 next four hours here. We've been working on it all 0:00:55.280 --> 0:00:58.400 night to bring you the best and conversation here. Terry 0:00:58.480 --> 0:01:02.080 Hayes will join us on the Pulse of Washington. Other 0:01:02.160 --> 0:01:05.920 good guests as well. Importantly, Nathan Hager in moments will 0:01:05.920 --> 0:01:08.399 come to us with an update. We'll do that often 0:01:08.440 --> 0:01:11.640 here as the news moves. We have voices from London 0:01:11.840 --> 0:01:14.800 and Moments to Ethan Brodner in Tel Aviv, and of 0:01:14.800 --> 0:01:18.679 course all of our usual Bloomberg news and Bloomberg surveillance 0:01:18.720 --> 0:01:22.560 sources with me on a Sunday is Paul Sweeney. Paul, 0:01:22.600 --> 0:01:25.760 the shock of those headlines last night. It was a 0:01:25.760 --> 0:01:26.960 calm before the storm. 0:01:27.080 --> 0:01:27.399 It was. 0:01:27.440 --> 0:01:29.560 And you know, President Trump had been out with some 0:01:29.600 --> 0:01:33.399 statements or later last week saying, you know, basically up 0:01:33.480 --> 0:01:37.200 to two weeks he may consider some strikes against Iran, 0:01:37.240 --> 0:01:39.520 and then of course came out last night with some 0:01:39.840 --> 0:01:43.600 serious strikes against the nuclear facilities here with some of 0:01:43.600 --> 0:01:46.280 the biggest ordinance that the US has, and we'll see 0:01:46.280 --> 0:01:47.880 what kind of response. 0:01:48.040 --> 0:01:50.200 We get from Moran in the days coming forward. 0:01:50.480 --> 0:01:52.760 The Tea Live go on the Bloomberg terminal is my 0:01:52.920 --> 0:01:56.320 major source for newsflow and aggregation of all that's going 0:01:56.360 --> 0:01:59.880 on out there. Good morning to Roslyn Matheson in London 0:02:00.120 --> 0:02:04.640 driving that coverage with Golnar Mountevali as well. We will 0:02:04.680 --> 0:02:07.840 go to conversations, but the new slow right now is 0:02:08.000 --> 0:02:12.080 so thick, so dense, that we will often go to 0:02:12.280 --> 0:02:15.799 Washington to Nathan Hagar for an update here with nine 0:02:15.919 --> 0:02:17.360 nine one FM in Washington. 0:02:17.440 --> 0:02:20.960 Nathan Hager, Tom Paul Good morning. It is potentially the 0:02:20.960 --> 0:02:25.080 most consequential foreign policy decision of President Trump's time in office. 0:02:25.200 --> 0:02:29.040 As we've been reporting, the President has authorized American bombers 0:02:29.080 --> 0:02:32.840 to strike Iran's three main nuclear sites. The President announced 0:02:32.880 --> 0:02:35.520 the attack first on social media and then in an 0:02:35.520 --> 0:02:38.200 address to the nation from the White House. Here are 0:02:38.240 --> 0:02:41.919 the President's remarks in full, as heard across Bloomberg last night. 0:02:42.200 --> 0:02:46.080 A short time ago, the US military carried out massive 0:02:46.120 --> 0:02:51.040 precision strikes on the three key nuclear facilities in the 0:02:51.080 --> 0:02:59.040 Iranian regime for Doeau, Natanz, and s Fahan. Everybody heard 0:02:59.080 --> 0:03:04.680 those names for years as they built this horribly destructive enterprise. 0:03:05.560 --> 0:03:10.679 Our objective was the destruction of Iran's nuclear enrichment capacity 0:03:10.760 --> 0:03:14.440 and a stop to the nuclear threat posed by the 0:03:14.480 --> 0:03:18.120 world's number one state sponsor of terror. Tonight, I can 0:03:18.160 --> 0:03:22.040 report to the world that the strikes were a spectacular 0:03:23.000 --> 0:03:28.119 military success. Iran's key nuclear and Richmond facilities have been 0:03:28.160 --> 0:03:32.960 completely and totally obliterated. Iran, the bully of the Middle East, 0:03:33.600 --> 0:03:37.160 must now make peace. If they do not, future attacks 0:03:37.200 --> 0:03:41.120 would be far greater and a lot easier. For forty years, 0:03:41.120 --> 0:03:44.840 Iran has been saying death to America. Death to Israel. 0:03:45.760 --> 0:03:48.480 They have been killing our people, blowing off their arms, 0:03:48.520 --> 0:03:53.160 blowing off their legs with roadside bombs. That was their specialty. 0:03:53.320 --> 0:03:57.080 We lost over a thousand people, and hundreds of thousands 0:03:57.120 --> 0:04:00.320 throughout the Middle East and around the world have died 0:04:00.360 --> 0:04:03.520 as a direct result of their hate. In particular, so 0:04:03.640 --> 0:04:10.000 many were killed by their General Cassem Solomoni. I decided 0:04:10.120 --> 0:04:13.040 a long time ago that I would not let this happen. 0:04:13.160 --> 0:04:16.920 It will not continue. I want to thank and congratulate 0:04:16.960 --> 0:04:21.320 Prime Minister bb Net Yahoo. We worked as a team 0:04:21.360 --> 0:04:25.080 like perhaps no team has ever worked before, and we've 0:04:25.080 --> 0:04:28.440 gone a long way to erasing this horrible threat to Israel. 0:04:29.200 --> 0:04:32.400 I want to thank the Israeli military for the wonderful 0:04:32.480 --> 0:04:36.040 job they've done. And most importantly, I want to congratulate 0:04:36.080 --> 0:04:40.160 the great American patriots who flew those magnificent machines tonight, 0:04:40.880 --> 0:04:44.040 and all of the United States military on an operation 0:04:44.200 --> 0:04:46.640 the likes of which the world has not seen in many, 0:04:46.680 --> 0:04:51.200 many decades. Hopefully we will no longer need their services 0:04:51.240 --> 0:04:54.920 and this capacity. I hope that's so. I also want 0:04:54.960 --> 0:04:57.880 to congratulate the Chairman of the Joint chiefs of Staff, 0:04:58.360 --> 0:05:02.760 General Dan Raisin Kane, spectacular General and all of the 0:05:02.760 --> 0:05:06.880 brilliant military minds involved in this attack. With all of 0:05:06.880 --> 0:05:10.080 that being said, this cannot continue. There will be either 0:05:10.200 --> 0:05:13.360 peace or there will be tragedy. For I ran far 0:05:13.440 --> 0:05:18.000 greater than we have witnessed over the last eight days. Remember, 0:05:18.080 --> 0:05:22.880 there are many targets left. The nights was the most 0:05:22.920 --> 0:05:26.920 difficult of them all by far, and perhaps the most lethal. 0:05:27.680 --> 0:05:30.080 But if peace does not come quickly, we will go 0:05:30.160 --> 0:05:36.360 after those other targets with precision, speed and skill. Most 0:05:36.400 --> 0:05:39.400 of them can be taken out in a matter of minutes. 0:05:39.720 --> 0:05:42.080 There's no military in the world that could have done 0:05:42.160 --> 0:05:45.279 what we did tonight, not even closed. There has never 0:05:45.320 --> 0:05:48.440 been a military that could do what took place just. 0:05:48.400 --> 0:05:49.719 A little while ago. 0:05:50.240 --> 0:05:55.400 Tomorrow, General Kine, Secretary of Defense Pete Hegseth will have 0:05:55.440 --> 0:05:58.760 a press conference at eight am at the Pentagon. And 0:05:58.800 --> 0:06:03.760 I want to just thank every and in particular God. 0:06:04.120 --> 0:06:06.560 I want to just say, we love you God, and 0:06:06.600 --> 0:06:10.839 we'll love our great military. Protect them. God bless the 0:06:10.880 --> 0:06:14.760 Middle East, God bless Israel, and God bless America. 0:06:14.800 --> 0:06:15.680 Thank you very much. 0:06:16.480 --> 0:06:18.800 And that was President Trump speaking from the White House 0:06:18.880 --> 0:06:22.599 last night alongside Vice President JD. Van, Secretary of State 0:06:22.640 --> 0:06:26.559 Marco Rubio, and Defense Secretary Pete Hegseth. As we get 0:06:26.720 --> 0:06:29.760 more of a sense of what was carried out in 0:06:29.839 --> 0:06:32.280 the overnight hours, the New York Times is reporting that 0:06:32.360 --> 0:06:35.960 six B two bombers dropped a dozen bunker buster bombs 0:06:36.320 --> 0:06:40.000 on Iran's underground at nuclear site in Fourdah, the same 0:06:40.040 --> 0:06:43.040 weapons the Times as reporting were dropped on Natan's cruise. 0:06:43.080 --> 0:06:46.160 Missiles were fired at Natan's and the third site at 0:06:46.240 --> 0:06:49.359 Isfahan as well. The Associated Press says this morning that 0:06:49.400 --> 0:06:52.960 satellite images do show damage to the entries at Fordoh 0:06:53.040 --> 0:06:56.120 and the surrounding mountain side. And now, the US intelligence 0:06:56.160 --> 0:06:59.800 community had recently assessed that Iran was not committed to 0:07:00.040 --> 0:07:02.960 developing a nuclear weapon, and of course President Trump just 0:07:03.040 --> 0:07:06.040 days ago had said he would give Iran within two 0:07:06.120 --> 0:07:09.560 weeks before he made a decision to carry out that strike, 0:07:09.600 --> 0:07:12.360 But the President had said he did not believe the 0:07:12.400 --> 0:07:16.760 intelligence community's advice. This morning, Iran is vowing to respond. 0:07:16.760 --> 0:07:19.960 There have been sirens and explosions heard across Israel this morning, 0:07:20.000 --> 0:07:23.600 as the Israeli military says Iran has fired more missiles 0:07:23.640 --> 0:07:27.280 at Israel overnight. Meantime, the Times is reporting that Iran's 0:07:27.600 --> 0:07:32.720 medium range missile stockpile is depleted. Iran's Foreign minister Abos 0:07:32.720 --> 0:07:36.120 Arakchi says the door to diplomacy is no longer open. 0:07:36.600 --> 0:07:38.760 He plans to travel to Moscow today to meet with 0:07:38.880 --> 0:07:42.600 Russian President Vladimir Putin. I'm Nathan Hager in Washington, Tom 0:07:42.600 --> 0:07:43.280 and Paul back time. 0:07:43.480 --> 0:07:45.480 Nathan, thank you so much. We'll be hearing from mister 0:07:45.480 --> 0:07:48.920 Hagar often here across our four hours this morning. Again, 0:07:48.960 --> 0:07:52.320 we're fifty minutes or so away from an important briefing 0:07:52.360 --> 0:07:55.240 by the Secretary of Defense and I believe the Chairman 0:07:55.320 --> 0:07:58.120 of the Joint Chiefs of Staff. It is two ten 0:07:58.280 --> 0:08:02.800 pm in Tel Aviv. Changed Israel. We are advantaged by 0:08:03.360 --> 0:08:06.120 Ethan Browner with us leading all of our coverage out 0:08:06.120 --> 0:08:08.880 of the Middle East from Tel Aviv. Ethan, thank you 0:08:08.960 --> 0:08:12.880 so much for joining us here on an exceptional Sunday. 0:08:13.240 --> 0:08:15.680 How is Israel changed this morning? 0:08:16.440 --> 0:08:18.400 Well, morning, Tom, morning, Paul. 0:08:18.560 --> 0:08:23.600 Look, Israel feels the sense in the air on television, 0:08:23.800 --> 0:08:27.360 radio and people on the street as an enormous gratitude, 0:08:27.840 --> 0:08:31.440 incredible sense of excitement, the belief that this. 0:08:33.000 --> 0:08:34.640 Very very powerful. 0:08:34.160 --> 0:08:36.599 Threat that had been hanging over this country's head for 0:08:36.640 --> 0:08:38.960 a long time. If it hasn't been eliminated, it has 0:08:39.000 --> 0:08:42.440 been very badly damaged. And in fact we're waiting both 0:08:42.480 --> 0:08:44.840 the Israeli officials and everyone, when do you see what we 0:08:44.880 --> 0:08:47.440 can learn about what happened at Foordah from those B 0:08:47.559 --> 0:08:52.160 two's And I think, but you know, even more importantly 0:08:52.240 --> 0:08:54.600 than the specifics of what happened and around us, this 0:08:54.800 --> 0:08:58.720 notion that the United States has embraced this country's outlook. 0:08:58.800 --> 0:09:01.760 The speech that President Trump just gave that you just played, 0:09:02.920 --> 0:09:04.800 it could not have been. It could would not have 0:09:04.840 --> 0:09:07.480 been written by almost by the coued spokesman. 0:09:07.520 --> 0:09:07.800 It was. 0:09:08.000 --> 0:09:11.080 It was a total embrace of the Israeli view of 0:09:11.080 --> 0:09:13.040 Iran and of its own. 0:09:14.360 --> 0:09:14.760 Future. 0:09:15.360 --> 0:09:19.480 And so it's now all that said, everyone is a 0:09:19.200 --> 0:09:23.400 little on edge and afraid, and flights have been were 0:09:23.400 --> 0:09:26.120 canceled all morning, and school is canceled and so forth. 0:09:26.160 --> 0:09:27.560 But we shall see. 0:09:27.720 --> 0:09:30.480 I think that there's a sense of an important corner 0:09:30.520 --> 0:09:32.240 having been turned Ethan. 0:09:32.360 --> 0:09:36.760 What are the expectations about retaliations, either it within Israel 0:09:36.920 --> 0:09:37.480 or the region? 0:09:39.559 --> 0:09:42.240 I mean, I think that there is enormous speculation about 0:09:42.240 --> 0:09:45.680 what Iran could and might still. Do we know that 0:09:45.760 --> 0:09:50.679 they still have some long distance ballistic missiles. We imagine 0:09:50.800 --> 0:09:55.520 that those four hundred kilograms of highly enriched uranium that 0:09:55.559 --> 0:09:59.360 they have, if they were holding at a place like Florida, 0:09:59.520 --> 0:10:01.719 was they say, was moved in advance. 0:10:01.360 --> 0:10:02.040 Of the bombing. 0:10:02.200 --> 0:10:05.280 So in theory, you could take sixty percent, which is 0:10:05.320 --> 0:10:09.720 what it was enriched to, you could take those containers, 0:10:09.760 --> 0:10:13.080 those canisters, and you can theory make a nuclear weapon 0:10:13.600 --> 0:10:17.679 fairly quickly. Would Iran do that? No one really thinks that. 0:10:17.720 --> 0:10:22.080 But nobody really knows. Could Iran attack American bases and 0:10:22.160 --> 0:10:26.040 so forth, Israeli embassies, All these things are being discussed. 0:10:26.440 --> 0:10:27.320 Nobody knows. 0:10:27.520 --> 0:10:32.040 Iran is very defiant in its public posture. But it 0:10:32.120 --> 0:10:34.720 must be said also that Iran hasn't been this week 0:10:34.760 --> 0:10:36.800 in a very very long time. I mean, all of 0:10:36.840 --> 0:10:40.600 its militias around the region have been taken out by Israel, 0:10:41.080 --> 0:10:43.480 and now it is very much on its back foot 0:10:43.480 --> 0:10:46.400 and led by a man in the late eighties who's 0:10:46.400 --> 0:10:48.280 probably in a bunker Ethan. 0:10:48.320 --> 0:10:49.199 What are the next steps? 0:10:49.679 --> 0:10:53.280 Is a beliad for the Israeli military who's had such 0:10:53.440 --> 0:10:55.280 amazing success in Iran. 0:10:55.120 --> 0:11:00.640 Or amazing success. Indeed, look they're continuing to attack in 0:11:00.720 --> 0:11:05.920 western southwestern around today. Let's not forget that Iran did 0:11:06.000 --> 0:11:09.360 shoot off about forty missiles at Israel early this morning 0:11:09.440 --> 0:11:13.320 Israeli time did. Nobody was killed as far as we know, 0:11:13.440 --> 0:11:16.319 but to seventy or eighty people were hurt, buildings were 0:11:16.360 --> 0:11:19.200 taken down, so they you know, there is still a 0:11:19.240 --> 0:11:24.760 sense that this ballistic missile threat is of enormous significance 0:11:24.760 --> 0:11:28.000 for Israel. The idea that every day, every night this 0:11:28.040 --> 0:11:31.240 country has to run to bomb shelters to avoid it 0:11:31.280 --> 0:11:35.120 is a huge threat. And you know, this is a 0:11:35.160 --> 0:11:39.079 country that is a big part of the digital economy 0:11:39.080 --> 0:11:42.480 of the world. It can't continue in this fashion. So 0:11:42.720 --> 0:11:45.640 they are continuing to try to take out those launchers 0:11:46.200 --> 0:11:50.040 and missile sites. But you know, we'll have to see 0:11:50.120 --> 0:11:54.080 what's going forward. It's still a little unclear what's next, 0:11:54.120 --> 0:11:56.480 and also it's unclear what the US will do next. 0:11:56.840 --> 0:11:59.800 We continue with Ethan Brown, are driving all of Bloomberg 0:11:59.840 --> 0:12:01.840 News out of Tel Aviv. We welcome all of you 0:12:02.320 --> 0:12:06.640 on Bloomberg Television around the world across the nation on YouTube. 0:12:06.800 --> 0:12:10.320 Good Morning as well, and a serious exam across Canada 0:12:11.000 --> 0:12:13.480 and the United States on Channel one twenty one, Joe 0:12:13.520 --> 0:12:17.640 Matthew coming up with a balance of power shifting in Washington. 0:12:17.720 --> 0:12:19.880 The first we continue with mister Briner. 0:12:19.960 --> 0:12:23.040 Well, Ethan, you mentioned the US military. Obviously a very 0:12:23.120 --> 0:12:27.360 dramatic and lethal strike by the US military overnight. Is 0:12:27.360 --> 0:12:30.559 there what is the expectation within Israel about the role 0:12:30.600 --> 0:12:33.160 the US may play in the hours and days to come. 0:12:34.840 --> 0:12:37.960 I think Israel has been extremely careful about expressing too 0:12:38.040 --> 0:12:42.200 much expectation. The idea being that, you know, we make 0:12:42.240 --> 0:12:44.280 it easy and then they want to join the winners. 0:12:44.320 --> 0:12:46.640 That's been the approach. They think that's been an effective 0:12:46.640 --> 0:12:51.800 approach with President Trump. Obviously, the President himself said we 0:12:51.920 --> 0:12:54.880 will go back if we do not get what we want, 0:12:54.960 --> 0:12:58.000 and he didn't specify in this speech, but has repeatedly 0:12:58.040 --> 0:13:01.760 specified that what Israel in the United States together want 0:13:01.960 --> 0:13:05.959 is for Iran to commit not to enriching uranium on 0:13:06.040 --> 0:13:08.480 in soil and to give up as highly enriched uranium. 0:13:08.679 --> 0:13:09.959 Iranda said it won't do that. 0:13:10.320 --> 0:13:12.680 I would say that the Israel is going to continue 0:13:12.679 --> 0:13:14.760 to do carried out and hope that the. 0:13:14.800 --> 0:13:16.479 US will join them when necessary. 0:13:16.559 --> 0:13:19.560 Yes, Ethan, one final question. I'm sure we'll be speaking 0:13:19.559 --> 0:13:22.360 to you in the coming days as well. Shean Bremer 0:13:22.400 --> 0:13:25.439 of Eurasia Group had a terse tweet or LinkedIn out 0:13:25.520 --> 0:13:28.360 last night where he said, this is the best week 0:13:29.040 --> 0:13:32.640 in the political career of mister Nta who do you 0:13:32.679 --> 0:13:37.160 agree with? That is? This is essentially mister Trump supporting Netanya, 0:13:37.280 --> 0:13:39.040 who is he could only dream of? 0:13:40.000 --> 0:13:41.480 That's correct. I don't think that. 0:13:41.600 --> 0:13:46.160 I think this is an incredibly powerful personal triumph for 0:13:46.480 --> 0:13:48.880 Benjamin Taniah, who this is a guy who was in 0:13:49.040 --> 0:13:53.000 pretty deep political trouble recently, and you know, it seemed 0:13:53.000 --> 0:13:55.080 like it was over for him. And the story I 0:13:55.120 --> 0:13:58.439 wrote for Bloomberg early this morning, I said that that Trump, 0:13:58.640 --> 0:14:01.640 sorry that Natanya had was seen as kind of golden 0:14:01.720 --> 0:14:04.240 a year, the guy who'd be forced out by a 0:14:04.320 --> 0:14:07.880 terrible tragedy failure on his part, but in fact views 0:14:07.960 --> 0:14:12.480 himself as Franklin Roosevelt, the guy who withstood the attack 0:14:12.520 --> 0:14:15.360 on Pearl Harbor and turned it into a massive victory 0:14:15.400 --> 0:14:18.800 for himself in the United States. So that's how I'm 0:14:18.880 --> 0:14:22.440 Natanio sees himself. And look, I think Ian Bremer had 0:14:22.440 --> 0:14:23.080 a point there. 0:14:23.400 --> 0:14:26.960 Literally, Ethan, as you were speaking of Pearl Harbor in 0:14:27.000 --> 0:14:31.040 December eighth, I was typing it into the computer. Ethan Bronner, 0:14:31.240 --> 0:14:34.240 thank you so much from Tel Aviv this morning. And 0:14:34.280 --> 0:14:36.600 we are on the same page and on the same 0:14:36.640 --> 0:14:40.280 page with Joe Matthew, of course, wired into the politics 0:14:40.640 --> 0:14:44.400 of Washington, his effort with balance of Power. Ethan, I 0:14:44.480 --> 0:14:48.040 go to December eighth, nineteen forty one, not for the 0:14:48.120 --> 0:14:50.840 drama of it or the equivalency of it, but it 0:14:50.920 --> 0:14:55.400 is seared in our childhood. How FDR drove forward a 0:14:55.480 --> 0:14:59.760 dialogue of war. I don't sense a dialogue here. Brief 0:14:59.800 --> 0:15:04.160 as on how Republicans and Democrats will address to say 0:15:04.400 --> 0:15:07.360 on the Sunday talk shows like Faceinination. 0:15:08.320 --> 0:15:10.400 Well, it's a great question here, and obviously you're going 0:15:10.440 --> 0:15:14.160 to hear a different angle from Democrats and Republicans. I 0:15:14.160 --> 0:15:16.480 think Democrats, you can understand, they're going to be asking 0:15:16.520 --> 0:15:21.200 for the right to declare an authorization for the use 0:15:21.240 --> 0:15:22.920 of force. They're going to say that the president is 0:15:22.920 --> 0:15:26.920 acting irresponsibly in some cases. I'm more concerned or more 0:15:26.960 --> 0:15:29.920 interested to hear from Republicans who don't agree, because the 0:15:29.960 --> 0:15:32.800 split that we've seen in Maga that some call a 0:15:32.800 --> 0:15:34.800 civil war, and that might be pushing it a little 0:15:34.840 --> 0:15:37.600 bit far has been fascinating, and this is something that 0:15:37.640 --> 0:15:40.920 weighed heavily on President Trump as he made this decision, 0:15:41.000 --> 0:15:43.320 knowing that Steve Bannon had lunch with him just a 0:15:43.360 --> 0:15:46.480 couple of days ago to urge restraint here. That is 0:15:46.520 --> 0:15:50.560 what preceded the two week announcement. Remember this interview with 0:15:50.640 --> 0:15:54.080 Tucker Carlson and Ted Cruz that really brought this to life. 0:15:54.280 --> 0:15:57.400 Charlie Kirk and the others have been really challenging Donald 0:15:57.440 --> 0:16:00.440 Trump to stay true to his claim on the campaign 0:16:00.480 --> 0:16:02.520 trail to start no new wars. That was the hallmark 0:16:02.560 --> 0:16:04.360 of the first term. That was what's supposed to make 0:16:04.440 --> 0:16:06.840 him different than Joe Biden. And here we are now 0:16:06.840 --> 0:16:09.640 with MAGA trying to on a Sunday morning reconcile itself 0:16:09.840 --> 0:16:12.160 whether it should in fact back the President of the 0:16:12.240 --> 0:16:14.880 United States on something that they're very worried about. 0:16:15.240 --> 0:16:17.200 Joe to the extent we want to get a view 0:16:17.280 --> 0:16:22.080 on how President Trump's backing coalition and MAGA support. 0:16:22.680 --> 0:16:23.520 Who should we look to. 0:16:23.720 --> 0:16:26.160 There are there some figures that will really give us 0:16:26.160 --> 0:16:29.120 a sense of is there a break in his support? 0:16:29.720 --> 0:16:31.600 I think it's some of the names that I just mentioned. 0:16:31.600 --> 0:16:34.920 It's Steve Bannon. Who's really been driving this. It's going 0:16:34.960 --> 0:16:37.960 to be Tucker Carlson, who the President called cuckoo, remembering 0:16:38.000 --> 0:16:41.240 that Tucker Carlson stumped for Donald Trump. All of these 0:16:41.280 --> 0:16:43.800 guys were on the trail with him to try to 0:16:43.800 --> 0:16:46.400 get him elected, and they still call themselves tried and 0:16:46.440 --> 0:16:49.520 true supporters. Whether that breaks now is going to be interesting. 0:16:49.560 --> 0:16:52.520 They may back him on an isolated strike, but guys, 0:16:52.520 --> 0:16:54.800 we're all waiting to see what Iran does next and 0:16:54.880 --> 0:16:57.200 if it does strike US interests in the region, this 0:16:57.240 --> 0:16:58.320 is going to feel real different. 0:16:58.640 --> 0:17:02.800 Joe, get to the hegxith press conference, frame out the 0:17:02.880 --> 0:17:06.800 relationship of the Pentagon to the White House. Last night 0:17:06.920 --> 0:17:10.320 we had President Trump with the Secretary of State, the 0:17:10.359 --> 0:17:14.600 Secretary of Defense, the Vice President, all in civilian dress, 0:17:14.640 --> 0:17:19.880 the civilian superiority over our military. Tell us how General 0:17:20.000 --> 0:17:24.199 Cain and the others of the military fit into this discussion. 0:17:25.040 --> 0:17:26.800 These are great questions because there are a lot of 0:17:26.800 --> 0:17:29.199 new faces here at the Pentagon, and a lot of 0:17:29.200 --> 0:17:33.080 them other than Pete Hegseth, have really not been public 0:17:33.160 --> 0:17:37.159 figures so far. Our reporting, my reporting would suggest that 0:17:37.200 --> 0:17:40.199 it's in fact not Pete Hegseth. We should be watching. 0:17:40.200 --> 0:17:43.959 But Steve Feinberg, the Deputy Defense Secretary, who has been 0:17:44.040 --> 0:17:46.520 knee deep in this, working directly with the White House, 0:17:47.080 --> 0:17:50.000 crossing the Potomac to make that connection, while Pete Hegseth 0:17:50.040 --> 0:17:51.840 deals with a lot of hearings and a lot of 0:17:51.880 --> 0:17:54.480 other issues that have put him somewhat on the outs. 0:17:54.520 --> 0:17:56.920 With President Trump, they did stand side by side. We 0:17:56.960 --> 0:17:59.520 should note hegseeth Trump in the cross hallway at the 0:17:59.560 --> 0:18:01.600 White House last night, and Hegseth is going to hold 0:18:01.640 --> 0:18:04.040 forth in this news conference. He'll be the face of 0:18:04.080 --> 0:18:07.280 this publicly. Behind the scenes, it's Finberg working with the 0:18:07.320 --> 0:18:11.359 White House to a great degree, which is really something 0:18:11.359 --> 0:18:13.480 that feels unusual at a time of war. 0:18:13.600 --> 0:18:16.040 But with your expertise on this, Joe Matthew, I mean, 0:18:16.080 --> 0:18:18.639 the fact is Steve and Andrew Feinberg is a major 0:18:18.680 --> 0:18:22.000 Republican donor. We in the Bloomberg world, folks know him 0:18:22.000 --> 0:18:25.920 all with his work at Cerberus, a clay tennis player 0:18:25.960 --> 0:18:31.560 at Princeton, etc. Etc. What is his competency here within 0:18:31.640 --> 0:18:32.359 the Pentagon? 0:18:34.040 --> 0:18:36.520 Listen, That's not a question that I can probably answer, 0:18:36.560 --> 0:18:38.439 and we have a great team covering the Pentagon on 0:18:38.440 --> 0:18:40.800 that front. He hasn't been on the job for that long. 0:18:41.240 --> 0:18:44.479 Whether he has real military chops is another matter. And 0:18:44.520 --> 0:18:46.760 the same goes for a chairman of a Joint Chiefs 0:18:46.800 --> 0:18:49.320 who's got a great experience on the battlefield but is 0:18:49.359 --> 0:18:53.560 actually pretty new to this job. Remembering that Donald Trump 0:18:53.640 --> 0:18:55.960 wanted to clean house and Pete Hegseth did as well, 0:18:57.160 --> 0:18:59.639 all of this remains to be seen on really, frankly, 0:18:59.640 --> 0:19:02.399 what's the next move. We can't underscore the importance of 0:19:02.400 --> 0:19:04.840 what just happened, but this is not the end of something. 0:19:04.880 --> 0:19:07.719 It's the start of something when we start considering the 0:19:07.760 --> 0:19:10.960 needs of force protection in places throughout the Middle East, 0:19:10.960 --> 0:19:14.040 like Saudi Arabia, like even in Iraq and Syria, where 0:19:14.040 --> 0:19:17.320 we have thousands of US troops the UAE, for instance, 0:19:17.400 --> 0:19:20.040 could all be within the reach of Iran right now. 0:19:20.119 --> 0:19:23.200 And politically speaking, you know, how far does Congress let 0:19:23.200 --> 0:19:26.320 this go without, in fact and authorization for the use 0:19:26.320 --> 0:19:27.879 of force. That's going to be a big question in 0:19:27.920 --> 0:19:30.199 the weeks ahead, because this is not likely to be 0:19:30.320 --> 0:19:31.800 something that stops tomorrow. 0:19:32.280 --> 0:19:35.200 Joe, what do we expect from the Democrats here? There's 0:19:35.240 --> 0:19:37.600 some reporting that they were not even briefed on this 0:19:37.760 --> 0:19:38.880 operation here. 0:19:39.200 --> 0:19:42.000 Yeah, what's the actually interesting. It's not going to help 0:19:42.119 --> 0:19:44.600 the conversation. Like Tom said, coming up after we're done here, 0:19:44.640 --> 0:19:47.560 when we turn to the Sunday morning shows here on Bloomberg, 0:19:47.600 --> 0:19:49.960 they were already concerned about this. They were already calling 0:19:50.000 --> 0:19:52.920 out Donald Trump for preparing a strike like this. Now 0:19:52.920 --> 0:19:54.600 that he's done it, and they weren't in the loop. 0:19:54.880 --> 0:19:56.440 That goes for a lot of things around here. We've 0:19:56.440 --> 0:19:59.440 got a reconciliation process that they're not involved in as well. 0:20:00.000 --> 0:20:01.960 It's a familiar feeling for Democrats, but when it comes 0:20:02.000 --> 0:20:04.280 to national security, it has a bit of a different tinge. 0:20:05.280 --> 0:20:07.720 Joe Matthew, thank you so much for Balance of Power. 0:20:07.960 --> 0:20:11.000 Who will be with us through the show this morning, 0:20:11.320 --> 0:20:15.479 Joe Matthew in Washington, we say good morning to you 0:20:15.520 --> 0:20:19.640 on Bloomberg Television, on Bloomberg Radio worldwide, a special Good 0:20:19.640 --> 0:20:22.920 Morning in ninety nine one FM in Washington. There will 0:20:22.960 --> 0:20:25.320 be a briefing here in forty minutes scheduled by the 0:20:25.320 --> 0:20:28.320 Secretary of Defense of the Chairman of the Joint Chiefs 0:20:28.320 --> 0:20:31.840 of Staff. Well see who else shows up for that briefing. 0:20:31.920 --> 0:20:35.160 We welcome all of you around the world, particularly on YouTube, 0:20:35.400 --> 0:20:39.240 where you may subscribe to Bloomberg podcasts growing each in 0:20:39.320 --> 0:20:42.560 every day with a newsflow this morning, and thank you 0:20:42.960 --> 0:20:47.240 Roslin Matheson and Top Live. Go tliv go on the 0:20:47.240 --> 0:20:50.960 Bloomberg terminal worldwide. We need a briefing every twenty minutes 0:20:51.040 --> 0:20:52.800 in Washington, Nathan. 0:20:52.600 --> 0:20:55.520 Hager, Tom Paul. It is a wider war in the 0:20:55.560 --> 0:20:58.440 Middle East this morning. Last night, President Donald Trump said 0:20:58.480 --> 0:21:02.920 American bombers had completely and totally obliterated Iran's three main 0:21:03.119 --> 0:21:06.919 underground nuclear sites at Ford OH and Ton's and Ishfahan. 0:21:07.280 --> 0:21:09.040 In an address to the nation from the White House, 0:21:09.080 --> 0:21:11.399 the President said there would be far greater attacks if 0:21:11.440 --> 0:21:14.920 Iran does not make peace. This morning, the Associated Press 0:21:14.960 --> 0:21:18.240 as satellite images showed damage to the entries and surrounding 0:21:18.240 --> 0:21:21.199 mountain side at Ford Oh. The UN's nuclear watchdog had 0:21:21.200 --> 0:21:24.000 worn against an attack like this because of the risk 0:21:24.000 --> 0:21:27.240 of radiation leaks, but right now the International Atomic Energy 0:21:27.240 --> 0:21:29.960 Agency says there is no sign of increase in off 0:21:29.960 --> 0:21:33.600 site radiation levels, and Iran's Red Crescent says there were 0:21:33.680 --> 0:21:37.600 no deaths from last night's attacks. This morning, Israeli Prime 0:21:37.600 --> 0:21:40.960 Minister Benjamin Netanyahu says the strike was done in full 0:21:41.000 --> 0:21:44.960 coordination with his country. Now Iran is vowing to respond. 0:21:45.000 --> 0:21:48.480 There have been sirens and explosions heard in Israel this morning. 0:21:48.800 --> 0:21:51.720 Iran's Foreign minister of bas Arakchi says the US crossed 0:21:51.720 --> 0:21:54.480 a very big line last night that had also bombed 0:21:54.480 --> 0:21:58.000 the Nuclear Non Proliferation Treaty and the International rule of Law. 0:21:58.440 --> 0:22:02.040