1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.

2
00:00:10,119 --> 00:00:13,080
Speaker 2: Good morning, I'm Karen Moscow and I'm John Tucker.

3
00:00:13,119 --> 00:00:14,840
Speaker 3: Here are these stories we're following today.

4
00:00:15,320 --> 00:00:18,440
Speaker 2: Well, John, President Trump is pressing for a de escalation

5
00:00:18,520 --> 00:00:21,599
Speaker 2: of attacks on Middle East energy assets after Iranian and

6
00:00:21,640 --> 00:00:26,200
Speaker 2: Israeli strikes on major gas hubs jolted global markets. Hours

7
00:00:26,239 --> 00:00:29,240
Speaker 2: after Israel carried out a strike on a key gas

8
00:00:29,280 --> 00:00:33,360
Speaker 2: field in Iran, Iran retaliated by hitting energy infrastructure in

9
00:00:33,440 --> 00:00:37,240
Speaker 2: the Gulf, causing damage to the world's largest liquefied natural

10
00:00:37,280 --> 00:00:41,320
Speaker 2: gas export plant. Begin more from Bloomberg Middle East correspondent

11
00:00:41,400 --> 00:00:44,720
Speaker 2: Jumana Persecchi in Dubai yesterday evening.

12
00:00:44,840 --> 00:00:49,000
Speaker 4: While Cutter managed to successfully intercept four incoming ballistic missiles,

13
00:00:49,080 --> 00:00:51,960
Speaker 4: one of them did manage to penetrate and to cause

14
00:00:52,040 --> 00:00:55,760
Speaker 4: quote extensive damage. This is per a press release that

15
00:00:55,800 --> 00:00:58,720
Speaker 4: was put out by Cutter Energies, and that word, that

16
00:00:58,800 --> 00:01:02,600
Speaker 4: description extensive damage is what is impacting global markets today.

17
00:01:02,600 --> 00:01:06,360
Speaker 4: And clearly this is one of the most important consequential

18
00:01:06,680 --> 00:01:09,479
Speaker 4: export facilities in the world, which accounts for about twenty

19
00:01:09,520 --> 00:01:12,880
Speaker 4: percent of the world supply of LNG. So the response

20
00:01:12,959 --> 00:01:16,080
Speaker 4: from the Gulf states in the last twenty four hours

21
00:01:16,120 --> 00:01:18,080
Speaker 4: has been one of extreme anger.

22
00:01:18,840 --> 00:01:22,160
Speaker 2: M's Bloomberg and Middle East corresponded Jumana Barsechi on a

23
00:01:22,240 --> 00:01:25,280
Speaker 2: post on social media. President Trump said that neither the

24
00:01:25,400 --> 00:01:29,200
Speaker 2: US nor Cutter was involved in the Israeli operation targeting

25
00:01:29,240 --> 00:01:32,360
Speaker 2: the Iranian field. He called on the Islamic Republic to

26
00:01:32,520 --> 00:01:34,520
Speaker 2: act with restraint, and again the.

27
00:01:34,560 --> 00:01:38,039
Speaker 3: Escalation having a ripple effect across the energy markets. As

28
00:01:38,080 --> 00:01:40,840
Speaker 3: we said, the price of Brent crude is up to

29
00:01:40,920 --> 00:01:44,839
Speaker 3: one hundred and fifteen dollars of barrel, and European natural

30
00:01:44,840 --> 00:01:48,600
Speaker 3: gas up twenty four percent this morning. Dan Mortaw covers

31
00:01:48,600 --> 00:01:50,160
Speaker 3: the energy markets for Bloomberg.

32
00:01:50,520 --> 00:01:53,360
Speaker 5: Now we're not talking about okay, once the Strait is open,

33
00:01:53,760 --> 00:01:55,960
Speaker 5: let's we'll get things rolling again in a matter of weeks.

34
00:01:56,160 --> 00:01:58,480
Speaker 5: When we're talking damage to these facilities, I mean we're

35
00:01:58,480 --> 00:02:01,280
Speaker 5: talking now potentially a matter of money. That production could

36
00:02:01,280 --> 00:02:04,160
Speaker 5: be offline, and we won't know the details for a

37
00:02:04,200 --> 00:02:06,440
Speaker 5: little while here, but traders are going to start pricing

38
00:02:06,440 --> 00:02:10,000
Speaker 5: in that risk of longer and larger supply outages, and

39
00:02:10,040 --> 00:02:12,120
Speaker 5: that's going to be a big problem for the global economy.

40
00:02:12,240 --> 00:02:16,040
Speaker 3: It's Bloomberg. Stan Marta again noting that European benchmark futures

41
00:02:16,080 --> 00:02:19,680
Speaker 3: jumped as much as thirty five percent, pushing LG prices

42
00:02:19,720 --> 00:02:22,160
Speaker 3: to more than double their pre war levels.

43
00:02:22,800 --> 00:02:25,559
Speaker 2: Well John Bloomberg News has learned the FBI is investigating

44
00:02:25,560 --> 00:02:28,200
Speaker 2: whether Joe Can to resign his position as a top

45
00:02:28,240 --> 00:02:31,560
Speaker 2: counter terrorism official this week in protest at the around

46
00:02:31,560 --> 00:02:37,320
Speaker 2: war improperly shared classified information. Sources say the investigation precedes

47
00:02:37,400 --> 00:02:40,560
Speaker 2: Ken's resignation on Tuesday, but it comes as the Justice

48
00:02:40,600 --> 00:02:44,760
Speaker 2: Department has undertaken multiple investigations over the last year into

49
00:02:44,760 --> 00:02:47,720
Speaker 2: political foes of President Trump and Fetcher J.

50
00:02:47,919 --> 00:02:50,760
Speaker 3: Palaces it's too soon to know the impact of surging

51
00:02:50,800 --> 00:02:53,880
Speaker 3: oil prices on the US economy. He says the Central

52
00:02:53,880 --> 00:02:58,440
Speaker 3: Bank won't cut rates again until inflation cools, and has

53
00:02:58,480 --> 00:03:01,240
Speaker 3: heard right here in Bloomberg Radio talked about the impact

54
00:03:01,240 --> 00:03:02,280
Speaker 3: of the war on inflation.

55
00:03:02,760 --> 00:03:04,400
Speaker 6: We don't know how big these effects are going to be,

56
00:03:04,440 --> 00:03:07,160
Speaker 6: and I don't want to characterize them in any way.

57
00:03:07,160 --> 00:03:10,480
Speaker 6: Of course, people are already seeing gas prices. Gas prices

58
00:03:10,480 --> 00:03:14,160
Speaker 6: are up almost a dollar a gallon. We hope that

59
00:03:14,240 --> 00:03:16,200
Speaker 6: isn't for a long period of time, and of course

60
00:03:16,240 --> 00:03:18,920
Speaker 6: people will feel that, but I don't want to speculate

61
00:03:19,200 --> 00:03:22,120
Speaker 6: about what that might mean, because honestly, that would sound

62
00:03:22,160 --> 00:03:24,079
Speaker 6: like I have some idea of what's actually going to happen,

63
00:03:24,160 --> 00:03:25,520
Speaker 6: and I don't think anybody really does.

64
00:03:25,800 --> 00:03:29,160
Speaker 3: The Federal Reserve yesterday decided to leeberates unchanged for a

65
00:03:29,200 --> 00:03:30,200
Speaker 3: second straight.

66
00:03:29,919 --> 00:03:33,000
Speaker 2: Meeting, and in a more surprising move here, John Powell

67
00:03:33,040 --> 00:03:36,120
Speaker 2: also commented on the ongoing investigation at the FED by

68
00:03:36,160 --> 00:03:39,640
Speaker 2: the Department of Justice. Powell says he won't be resigning

69
00:03:39,680 --> 00:03:42,200
Speaker 2: as a member of the Fed's Board of Governors for now.

70
00:03:42,840 --> 00:03:44,880
Speaker 6: I have no intention of leaving the board until the

71
00:03:44,920 --> 00:03:49,360
Speaker 6: investigation is well and truly over with transparency and finality,

72
00:03:49,720 --> 00:03:51,720
Speaker 6: and I would refer you to the statement that was

73
00:03:51,760 --> 00:03:54,080
Speaker 6: in the Fed's brief that you will have seen and

74
00:03:54,080 --> 00:03:55,560
Speaker 6: I won't have anything more for you on that.

75
00:03:56,160 --> 00:03:59,000
Speaker 2: And Powell's term as Chair expires in May, but he

76
00:03:59,040 --> 00:04:01,720
Speaker 2: could remain on the rate setting Federal Open Market Committee

77
00:04:01,760 --> 00:04:04,200
Speaker 2: as a governor. The FED chief also said he would

78
00:04:04,200 --> 00:04:07,080
Speaker 2: continue to serve as chair if his successor, Kevin Walsh,

79
00:04:07,680 --> 00:04:10,120
Speaker 2: is not confirmed by the end of his term.

80
00:04:10,320 --> 00:04:12,560
Speaker 3: In the Middle East War, the backdrop of a key

81
00:04:12,640 --> 00:04:15,520
Speaker 3: meeting in Washington today, Japan's Prime Minister is going to

82
00:04:15,520 --> 00:04:18,120
Speaker 3: meet with President Trump. Let's get more from Washington and

83
00:04:18,160 --> 00:04:19,280
Speaker 3: Bloomberg Sammy Morris.

84
00:04:19,720 --> 00:04:23,719
Speaker 7: Prime Minister Sinai Takeiichi says her upcoming visit with President

85
00:04:23,760 --> 00:04:27,120
Speaker 7: Trump is going to be a challenge. Trump criticized Japan

86
00:04:27,279 --> 00:04:30,400
Speaker 7: for rebuffing his demand for warships to help secure the

87
00:04:30,400 --> 00:04:34,359
Speaker 7: Strait of Hormuz. Takeiichi ruled out deploying naval assets to

88
00:04:34,400 --> 00:04:39,040
Speaker 7: the conflict zone, citing Japan's tight constitutional limits. Her trip

89
00:04:39,080 --> 00:04:41,600
Speaker 7: to Washington is seen as a test of her leadership

90
00:04:41,640 --> 00:04:44,640
Speaker 7: on the world stage. World leaders will be watching how

91
00:04:44,680 --> 00:04:48,760
Speaker 7: she manages the fallout from President Trump's request In Washington,

92
00:04:48,839 --> 00:04:50,599
Speaker 7: Amy Morris, Bloomberg Radio.

93
00:04:50,440 --> 00:04:53,440
Speaker 2: All right, Amy, thank you. Staying in Washington. Oklahoma Senator

94
00:04:53,480 --> 00:04:56,400
Speaker 2: Mark Wayne Mullen faced tough questions from senators at his

95
00:04:56,480 --> 00:05:00,360
Speaker 2: confirmation hearing to lead the Department of Homeland Security. Senator

96
00:05:00,440 --> 00:05:04,200
Speaker 2: Ran Paul scolded Mullen for publicly applauding a neighbor's assault

97
00:05:04,240 --> 00:05:07,320
Speaker 2: on Paul a couple of years ago. And here is

98
00:05:07,360 --> 00:05:09,159
Speaker 2: this exchange between Paul and Mullen.

99
00:05:09,560 --> 00:05:12,400
Speaker 8: Haven't I learned the word apologize, haven't heard the word regret,

100
00:05:12,600 --> 00:05:15,520
Speaker 8: haven't heard I misspoke? And it was heated, and I

101
00:05:15,600 --> 00:05:18,360
Speaker 8: made a mistake. Actually any of those words, sir.

102
00:05:18,440 --> 00:05:19,599
Speaker 3: I actually it wasn't heated.

103
00:05:20,000 --> 00:05:21,760
Speaker 7: And I'm not apologizing for point.

104
00:05:21,560 --> 00:05:24,760
Speaker 8: Not your cood or goodn't. So you're jolly well find

105
00:05:24,839 --> 00:05:26,960
Speaker 8: and you went to American public and the people up

106
00:05:26,960 --> 00:05:28,880
Speaker 8: here to vote that may or may not vote for

107
00:05:28,920 --> 00:05:32,680
Speaker 8: you to know that you supported the felonious, violent attack

108
00:05:32,720 --> 00:05:33,600
Speaker 8: on me from behind.

109
00:05:33,920 --> 00:05:35,560
Speaker 9: I did not say I supported it.

110
00:05:35,960 --> 00:05:37,000
Speaker 7: I said I understood it.

111
00:05:37,640 --> 00:05:40,880
Speaker 2: Mullen must pass a majority vote from the committee before

112
00:05:40,880 --> 00:05:43,760
Speaker 2: proceeding to a floor vote in the Senate. Paul said

113
00:05:43,800 --> 00:05:45,600
Speaker 2: he opposes Mullen's nomination.

114
00:05:46,000 --> 00:05:46,200
Speaker 10: Yeah.

115
00:05:46,279 --> 00:05:48,400
Speaker 3: Let's turn to the markets, now, Karen, where a futures

116
00:05:48,480 --> 00:05:51,160
Speaker 3: lower following against. They set off on Wall Street, all

117
00:05:51,200 --> 00:05:54,719
Speaker 3: three indexes dropping at least one point four percent in

118
00:05:54,800 --> 00:05:58,120
Speaker 3: yesterday's session. Shares a Micron technology They're down more than

119
00:05:58,160 --> 00:06:01,480
Speaker 3: four percent. The largest US maker of computer memory Chips,

120
00:06:01,520 --> 00:06:04,400
Speaker 3: beat earnings estimates, but warned that it'll need to spend

121
00:06:04,440 --> 00:06:07,839
Speaker 3: heavily on production to beat rgeoning demand in Europe.

122
00:06:07,920 --> 00:06:11,520
Speaker 2: John HSBC is considering a deep job cuts over the

123
00:06:11,640 --> 00:06:14,720
Speaker 2: coming years as part of a bet on AI. Bloomberg

124
00:06:14,760 --> 00:06:18,040
Speaker 2: has learned CEO georgel Heery is in talks about cutting

125
00:06:18,080 --> 00:06:21,240
Speaker 2: ten percent of the bank's workforce. James Wilcock has the

126
00:06:21,279 --> 00:06:22,280
Speaker 2: story from London.

127
00:06:23,040 --> 00:06:26,839
Speaker 11: L Hendrie is on a mission to streamline Europe's largest bank.

128
00:06:27,240 --> 00:06:31,360
Speaker 11: He's already cut thousands of jobs. Now Bloomberg understands ahsbc's

129
00:06:31,440 --> 00:06:34,799
Speaker 11: CEO is in talks to shrink its back office headcount

130
00:06:35,040 --> 00:06:38,400
Speaker 11: by as much as twenty thousand people. The bank declined

131
00:06:38,400 --> 00:06:40,400
Speaker 11: to comment on the story, but it's one of the

132
00:06:40,440 --> 00:06:44,840
Speaker 11: first signs about how AI could radically reshape Wall Street.

133
00:06:45,279 --> 00:06:49,279
Speaker 11: Bloomberg Intelligence forecast as many as two hundred thousand positions

134
00:06:49,320 --> 00:06:53,040
Speaker 11: in global finance could cease to exist in the next

135
00:06:53,040 --> 00:06:56,600
Speaker 11: three to five years as banks looked to robots instead.

136
00:06:57,200 --> 00:06:59,760
Speaker 11: In London, James Wilcock Bloomberg Radio.

137
00:06:59,760 --> 00:07:03,520
Speaker 3: Thanks to him and programming note, markets make clothes on Friday,

138
00:07:03,520 --> 00:07:05,960
Speaker 3: but the world doesn't. That's why we're bringing you a

139
00:07:06,040 --> 00:07:10,119
Speaker 3: new live radio and TV show, Bloomberg this weekend, looking

140
00:07:10,120 --> 00:07:13,400
Speaker 3: beyond the daily headlines to the bigger themes driving politics,

141
00:07:13,440 --> 00:07:17,360
Speaker 3: business and culture. Joined David Kurre, Christina Raffini, and Lisa

142
00:07:17,360 --> 00:07:21,560
Speaker 3: Matteo for smart conversations and in depth interviews that helped

143
00:07:21,600 --> 00:07:24,160
Speaker 3: make sense of the week that's been and what comes

144
00:07:24,200 --> 00:07:27,920
Speaker 3: next at Bloomberg This Weekend Live Saturdays and Sundays from

145
00:07:27,960 --> 00:07:32,200
Speaker 3: seven am Eastern on Bloomberg Radio, TV and the Bloomberg

146
00:07:32,240 --> 00:07:37,360
Speaker 3: Business app. And it brings us to five Ootine on

147
00:07:37,440 --> 00:07:39,240
Speaker 3: Wall Street Time to look at some of the other

148
00:07:39,280 --> 00:07:41,280
Speaker 3: stories making news in New York and around the world.

149
00:07:41,480 --> 00:07:44,200
Speaker 3: And for that we're joined by Bloomberg's Michael Barr.

150
00:07:44,400 --> 00:07:47,360
Speaker 12: Thank you very much, John. The Director of National Intelligence,

151
00:07:47,400 --> 00:07:50,800
Speaker 12: Telsey Gabert dodge questions about the severity of the threat

152
00:07:51,120 --> 00:07:55,280
Speaker 12: posed by Iran In senate testimony, Gabert declined to say

153
00:07:55,280 --> 00:07:59,080
Speaker 12: whether she thought Iron represented an imminent nuclear threat to

154
00:07:59,120 --> 00:08:02,080
Speaker 12: the US, as the White House has claimed. She was

155
00:08:02,200 --> 00:08:04,920
Speaker 12: questioned by Georgia Democratic Senator John Asoff.

156
00:08:05,560 --> 00:08:08,880
Speaker 13: Was it the assessment of the intelligence community that, as

157
00:08:08,960 --> 00:08:11,960
Speaker 13: the White House claimed on March first, there was a

158
00:08:12,040 --> 00:08:15,560
Speaker 13: quote imminent nuclear threat posed by the Iranian regime?

159
00:08:15,640 --> 00:08:16,040
Speaker 8: Guess or not?

160
00:08:16,200 --> 00:08:22,040
Speaker 4: Once again, Senator, the intelligence community has provided the inputs

161
00:08:22,040 --> 00:08:24,000
Speaker 4: that make up this annual threat assessment.

162
00:08:24,040 --> 00:08:25,040
Speaker 13: Do you want to answer the question?

163
00:08:25,160 --> 00:08:28,800
Speaker 12: Need D and I? Chief Gabbart admitted a conclusion from

164
00:08:28,800 --> 00:08:32,960
Speaker 12: her written testimony that Iron's uranium enrichment program had been

165
00:08:33,080 --> 00:08:38,080
Speaker 12: obliterated in strikes last year. Transportation Secretary Sean Duffy says

166
00:08:38,120 --> 00:08:42,079
Speaker 12: Democrats are willing to jeopardize travel to further their agenda.

167
00:08:42,480 --> 00:08:46,479
Speaker 12: The DHS shutdown has caused TSA employees to miss pajas.

168
00:08:46,800 --> 00:08:51,360
Speaker 12: According to TSA data, nearly ten percent of workers called

169
00:08:51,400 --> 00:08:54,480
Speaker 12: in sick Wednesday. It's now been over a month since

170
00:08:54,520 --> 00:08:58,400
Speaker 12: the start of the partial government shutdown. Jill Danovich is

171
00:08:58,440 --> 00:09:02,160
Speaker 12: a TSA agent and union representative. While she is still

172
00:09:02,240 --> 00:09:05,480
Speaker 12: showing up to work, she described what would makers stop

173
00:09:05,559 --> 00:09:06,240
Speaker 12: showing up.

174
00:09:06,559 --> 00:09:08,720
Speaker 10: What would make us stop is that we are just

175
00:09:08,800 --> 00:09:12,800
Speaker 10: financially unable to do so. We're already getting to that point. Actually,

176
00:09:12,840 --> 00:09:15,560
Speaker 10: our callouts have been going up, up, up since last

177
00:09:15,559 --> 00:09:18,080
Speaker 10: week when we actually missed that first full paycheck. We

178
00:09:18,160 --> 00:09:20,920
Speaker 10: don't have the fuel to continue coming to work at

179
00:09:20,920 --> 00:09:21,640
Speaker 10: this point.

180
00:09:21,960 --> 00:09:26,480
Speaker 12: TSA agent Jill Dianovich fears the Senate going on recess

181
00:09:26,559 --> 00:09:29,880
Speaker 12: next week. Democratic lawmakers have stormed out of a closed

182
00:09:29,880 --> 00:09:33,880
Speaker 12: door briefing on the Jeffrey Epstein files by Justice Department leaders.

183
00:09:34,200 --> 00:09:37,040
Speaker 12: The lawmakers say they will push to force Attorney General

184
00:09:37,120 --> 00:09:40,760
Speaker 12: Pam Bondi to answer questions under oath about the case.

185
00:09:41,200 --> 00:09:43,880
Speaker 12: Global news twenty four hours a day and whenever you

186
00:09:43,920 --> 00:09:46,679
Speaker 12: wanted with the Bloomberg News. Now, I'm Michael Barr. This

187
00:09:46,840 --> 00:09:47,439
Speaker 12: is Bloomberg.

188
00:09:48,000 --> 00:09:48,600
Speaker 14: Thanks Michael.

189
00:09:48,760 --> 00:09:51,240
Speaker 2: Time now for our Bloomberg scores update, and for that

190
00:09:51,280 --> 00:09:52,640
Speaker 2: we bring in Dan Schwarzman.

191
00:09:52,920 --> 00:09:56,199
Speaker 14: The NCAA tournament field is sixty four tipn off this afternoon,

192
00:09:56,400 --> 00:09:59,000
Speaker 14: after Miami of Ohio knocked off SMU eighty nine to

193
00:09:59,040 --> 00:10:01,800
Speaker 14: seventy nine, Rayview A and m beat Lee High sixty

194
00:10:01,840 --> 00:10:04,960
Speaker 14: seven to fifty five in the final two first four matchups.

195
00:10:05,120 --> 00:10:07,480
Speaker 14: Top overall seed Duke begins its quest for a national

196
00:10:07,600 --> 00:10:10,960
Speaker 14: championship as the Blue Devil's face Sienna in Greenville, South Carolina.

197
00:10:11,280 --> 00:10:13,480
Speaker 14: One other number one seed in action today is Michigan

198
00:10:13,520 --> 00:10:16,600
Speaker 14: Battles Howard Lakers have now won seven straight as LA

199
00:10:16,640 --> 00:10:18,920
Speaker 14: beat the Rockets one twenty four to one sixteen to

200
00:10:18,960 --> 00:10:21,080
Speaker 14: win both ends of a two game series in Houston.

201
00:10:21,400 --> 00:10:24,320
Speaker 14: Another action, the Celtics dominated the Warriors one twenty to

202
00:10:24,400 --> 00:10:26,559
Speaker 14: ninety nine. The Thunder beat up on the Nets one

203
00:10:26,600 --> 00:10:29,120
Speaker 14: twenty one to ninety two. Well, the Nuggets were stunned

204
00:10:29,120 --> 00:10:32,240
Speaker 14: at Memphis one twenty five to one eighteen. Showy Otanian

205
00:10:32,280 --> 00:10:35,040
Speaker 14: good for making his spring training pitching debut, striking out

206
00:10:35,080 --> 00:10:37,480
Speaker 14: four while hitting ninety nine miles per hour. That's your

207
00:10:37,480 --> 00:10:38,640
Speaker 14: Bloomberg Sports update.

208
00:10:40,320 --> 00:10:43,200
Speaker 2: Stay with us. More from Bloomberg day Break coming up

209
00:10:43,400 --> 00:10:44,080
Speaker 2: after this.

210
00:10:48,200 --> 00:10:52,480
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

211
00:10:52,520 --> 00:10:55,360
Speaker 1: and around the world on Bloomberg dot Com and the

212
00:10:55,400 --> 00:10:59,800
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak and Gemri.

213
00:11:00,360 --> 00:11:03,920
Speaker 2: I'm Karen Moscow, alongside John Tucker and President Shrump, is

214
00:11:03,960 --> 00:11:06,880
Speaker 2: pressing for a d escalation of attacks on Middle East

215
00:11:07,000 --> 00:11:10,520
Speaker 2: energy assets after Iranian and Israeli strikes on major gas

216
00:11:10,600 --> 00:11:14,440
Speaker 2: hubs jolted global markets. Posting on social media, the President

217
00:11:14,480 --> 00:11:18,119
Speaker 2: also pledged the US would massively blow up the entirety

218
00:11:18,200 --> 00:11:20,719
Speaker 2: of the world's largest gas field if a run a

219
00:11:20,840 --> 00:11:22,920
Speaker 2: tax cutter again. We want to get the latest on

220
00:11:22,960 --> 00:11:25,959
Speaker 2: the war now with owner Aunt, Bloomberry's managing editor for

221
00:11:26,040 --> 00:11:29,120
Speaker 2: a Middle East and North Africa. Owner, thanks so much

222
00:11:29,120 --> 00:11:31,240
Speaker 2: for being with us this morning. We want to talk

223
00:11:31,240 --> 00:11:34,080
Speaker 2: about these latest strikes, including one of the world's largest

224
00:11:34,200 --> 00:11:36,760
Speaker 2: LNG plant. How significant is this?

225
00:11:36,760 --> 00:11:41,800
Speaker 9: This is quite significant, As you said, the Roslafan complex

226
00:11:42,000 --> 00:11:46,640
Speaker 9: is home to the world's largest ellen plant. Cutar itself

227
00:11:46,760 --> 00:11:50,520
Speaker 9: is one of the top three allergy exporters in the world. Obviously,

228
00:11:50,559 --> 00:11:54,680
Speaker 9: it had already stopped exporting the fuel due to the

229
00:11:54,800 --> 00:11:58,240
Speaker 9: near closure of the Street of Hormus since the war began,

230
00:11:58,360 --> 00:12:00,360
Speaker 9: and during the first week of the war. In fact,

231
00:12:00,400 --> 00:12:02,640
Speaker 9: the first few days of the war, it had already

232
00:12:02,720 --> 00:12:07,199
Speaker 9: stopped producing the field because of some strikes. But yesterday

233
00:12:07,400 --> 00:12:08,400
Speaker 9: marks an escalation.

234
00:12:08,520 --> 00:12:08,720
Speaker 2: Well.

235
00:12:08,880 --> 00:12:15,880
Speaker 9: Attacks overnight into Thursday marked and escalation in Iran's war tactics.

236
00:12:15,920 --> 00:12:20,520
Speaker 9: It said that it would retaliate against all Golf nations

237
00:12:21,160 --> 00:12:27,360
Speaker 9: hosting Arab hosting Arab and American energy companies after its

238
00:12:27,400 --> 00:12:31,920
Speaker 9: own priced South Pars gas field did come under attack

239
00:12:32,240 --> 00:12:36,920
Speaker 9: by Israel on Wednesday, and ras La Van Or Qatar's

240
00:12:36,960 --> 00:12:40,280
Speaker 9: allergy plant was not the only one that was targeted

241
00:12:40,280 --> 00:12:43,720
Speaker 9: by Iran overnight into Thursday. We have seen similar attacks

242
00:12:43,880 --> 00:12:47,840
Speaker 9: on two refineries in Kuwait, a gas an oil field

243
00:12:48,280 --> 00:12:52,120
Speaker 9: in the UAE and refined and a couple of refineries,

244
00:12:52,320 --> 00:12:56,120
Speaker 9: as well as other important energy assets in Saudi Arabia.

245
00:12:56,240 --> 00:13:00,600
Speaker 9: So Iran's attacks have been brought and they've targeted many

246
00:13:00,640 --> 00:13:02,680
Speaker 9: Arab countries in the Persian Gulf overnight.

247
00:13:03,040 --> 00:13:06,079
Speaker 2: All right, Well, you also mentioned Israel's attack on South

248
00:13:06,240 --> 00:13:08,720
Speaker 2: Pars and Trump is making it clear that the US

249
00:13:08,880 --> 00:13:12,120
Speaker 2: was not involved in that attack. Is it important that

250
00:13:12,160 --> 00:13:13,840
Speaker 2: he tried to distance himself from that.

251
00:13:15,640 --> 00:13:18,760
Speaker 9: Yes, it says a lot about about what may be

252
00:13:18,920 --> 00:13:23,160
Speaker 9: going on behind the scenes, because the first public message

253
00:13:23,160 --> 00:13:26,319
Speaker 9: in coming out of Israel was that the US was

254
00:13:26,360 --> 00:13:31,080
Speaker 9: indeed informed and had had the approval for yesterday's attack

255
00:13:31,200 --> 00:13:37,000
Speaker 9: on South Parts. But following Iran's outsized reaction and pledge

256
00:13:37,200 --> 00:13:39,680
Speaker 9: to attack all these Arab countries, and in fact, the

257
00:13:39,679 --> 00:13:43,160
Speaker 9: fact that it adhere to that pledge and did end

258
00:13:43,240 --> 00:13:48,720
Speaker 9: up attacking Roslavan, where its attacks results in extensive damages,

259
00:13:49,080 --> 00:13:54,360
Speaker 9: we've seen MISSUS Trump coming out almost immediately and saying

260
00:13:54,400 --> 00:13:58,600
Speaker 9: that that attack by Israel was not done with the

261
00:13:58,679 --> 00:14:01,880
Speaker 9: US's knowledge, nor was that of Qatar. It would not

262
00:14:02,800 --> 00:14:07,920
Speaker 9: happen again, and it also asked Iran to act with

263
00:14:08,080 --> 00:14:13,520
Speaker 9: restrain and threatened to attack the South Parts with greater

264
00:14:13,679 --> 00:14:19,600
Speaker 9: force if Iran continues its strikes on Qatar's allege infrastructure

265
00:14:19,640 --> 00:14:20,840
Speaker 9: in particular.

266
00:14:20,800 --> 00:14:23,000
Speaker 2: And with only about thirty seconds, seems like we're even

267
00:14:23,080 --> 00:14:25,160
Speaker 2: further away from a possible end, doesn't it.

268
00:14:25,600 --> 00:14:28,160
Speaker 9: No, it doesn't feel like there's going to be any

269
00:14:28,240 --> 00:14:31,320
Speaker 9: relief from this war anytime soon. We are seeing a

270
00:14:31,360 --> 00:14:35,040
Speaker 9: continuation of attacks in both directions, both from Iran and

271
00:14:35,120 --> 00:14:37,800
Speaker 9: the US Israeli Alliance. On the twentieth day of the.

272
00:14:37,800 --> 00:14:42,800
Speaker 2: War, this is Bloomberg Daybreak, your morning podcast on the

273
00:14:42,880 --> 00:14:46,360
Speaker 2: stories making news from Wall Street to Washington and beyond.

274
00:14:46,760 --> 00:14:49,560
Speaker 3: Look for us on your podcast feedby six am Eastern

275
00:14:49,600 --> 00:14:53,000
Speaker 3: each morning, on Apple, Spotify, or anywhere else you listen.

276
00:14:53,240 --> 00:14:56,120
Speaker 2: You can also listen live each morning starting at five

277
00:14:56,120 --> 00:14:58,760
Speaker 2: am Wall Street Time on Bloomberg eleven three to zero

278
00:14:58,840 --> 00:15:01,040
Speaker 2: in New York, Bloomberg Are You ninety nine to one

279
00:15:01,080 --> 00:15:05,040
Speaker 2: in Washington, Bloomberg ninety two nine in Boston, and nationwide

280
00:15:05,080 --> 00:15:07,680
Speaker 2: on serious XM Channel one twenty one.

281
00:15:07,880 --> 00:15:10,640
Speaker 3: Plus listen coast to coast on the Bloomberg Business app

282
00:15:10,720 --> 00:15:14,040
Speaker 3: now with Apple CarPlay and Android auto interfaces.

283
00:15:14,240 --> 00:15:17,280
Speaker 2: And don't forget to subscribe to Bloomberg News Now. It's

284
00:15:17,280 --> 00:15:20,000
Speaker 2: the latest news whenever you want it in five minutes

285
00:15:20,120 --> 00:15:23,240
Speaker 2: or less. Search Bloomberg News Now and your favorite podcast

286
00:15:23,280 --> 00:15:25,520
Speaker 2: platform to stay informed all day long.

287
00:15:25,800 --> 00:15:27,960
Speaker 14: I'm Karen Moscow, I'm John Tucker.

288
00:15:28,080 --> 00:15:30,080
Speaker 3: Join us again tomorrow morning for all the news you

289
00:15:30,200 --> 00:15:33,000
Speaker 3: need to start your day, right here on Bloomberg day

290
00:15:33,000 --> 00:15:33,280
Speaker 3: Break