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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 the latest from the Middle East.

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Speaker 3: The US is widening its air strikes on Iran in

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Speaker 3: an eleventh straight night of attacks. Iranian media report the

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Speaker 3: US struck a military site near the northwestern city of Tabreeze.

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Speaker 3: US Central Command has confirmed attacks on Iran's command centers,

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Speaker 3: launch sites, and air defenses near the Strait of Hormuz.

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Speaker 3: Tran has responded with strikes on facilities in Kuwait and

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Speaker 3: Jordan and Iran backed who the The militants in Yemen

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Speaker 3: are threatening to impose a maritime blockade on Saudi Arabia

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Speaker 3: in the Red Sea. President Trump says he's not concerned

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Speaker 3: about that so far.

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Speaker 4: It hasn't happened, might happen, but we take care of things.

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Speaker 4: If something like that happens, we take care of it.

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Speaker 4: You know, We've done that with the Hooties before, and

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Speaker 4: we haven't heard from them.

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Speaker 5: In a while.

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Speaker 3: And Trump spoke alongside Lebanon's President Joseph I.

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Speaker 5: Jun in the Oval Office.

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Speaker 3: We get more from Bloomberg Middle East Managing editor Paul Wallace.

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Speaker 6: Things seem to be escalating. The focus is very much

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Speaker 6: the Straits of Humus. The US is saying it's a

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Speaker 6: tax are designed, it's a tax on Iran. Are designed

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Speaker 6: to make Tehran reopen the straight and stop attacking ships

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Speaker 6: going through this vital waterway. But as I said, there's

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Speaker 6: just little sign that Iran is going to.

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Speaker 5: Back down.

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Speaker 6: We know, and we've seen this from the start of

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Speaker 6: this war in late February, that Iran has a very

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Speaker 6: high pain threshold.

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Speaker 3: In the meantime, Bloomberg's Paul Wallace reports the Pentagon announced

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Speaker 3: an army sergeant from Queen's is thought to have been

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Speaker 3: killed in an attack in Jordan last Friday. Twenty eight

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Speaker 3: year old Angel Ramper said had been listed as missing.

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Speaker 3: Iran's semi official Mayor's News Agency reports there are currently

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Speaker 3: no negotiations happening with the US, but an exchange of

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Speaker 3: messages is possible.

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Speaker 2: Meanwhile, Nathan lawmakers got a new price tag for the

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Speaker 2: war and around so far, and Bloomberg's Amy Morris reports

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Speaker 2: from Washington.

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Speaker 7: Defense officials had told lawmakers the cost of the war

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Speaker 7: was around twenty nine billion dollars a figure that many

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Speaker 7: analysts assessed as being too low. In his appearance before

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Speaker 7: the Senate Appropriations Committee, Defense Secretary Pete Hegseth answered Senator

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Speaker 7: Dick Durbin.

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Speaker 5: Do you have a new estimate about what the war

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Speaker 5: has cost us so far? In this the fifth month

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Speaker 5: of the first year of this war?

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Speaker 8: In around, Senator, the estimate we have as of today's

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Speaker 8: thirty seven point five billion SAT.

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Speaker 5: That represents the cost of the war through what period

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Speaker 5: of time?

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Speaker 7: Through September thirty and tag Seth says they're looking for

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Speaker 7: twenty one billion dollars for munitions, part of a sixty

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Speaker 7: seven billion dollars supplemental funding request. In Washington, Amy Morris

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Speaker 7: Bloomberg Radio, All.

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Speaker 3: Right, Amy, thank you. There's plenty of reaction to this

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Speaker 3: new price tag and a special edition of Bloomberg's Balance

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Speaker 3: of Power from Capitol Hill. We spoke with Republican Senator

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Speaker 3: Rick Scott of Florida.

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Speaker 9: It's a trade offer, right. Nobody wants to go to war,

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Speaker 9: but we don't want them to have an icule weapon

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Speaker 9: to kill us. I've got kids, and I've got grant kids,

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Speaker 9: and i want them to kill a newc weapon.

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Speaker 5: Are you.

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Speaker 10: I'm sure, you're in the same position.

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Speaker 9: You want your family killed by nuclear weapons, so it's

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Speaker 9: going to cost us money.

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Speaker 3: And along with Republicans Scott, we got this reaction from

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Speaker 3: Democratic Virginia Senator Mark Warner.

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Speaker 8: This was a war of choice. The President never made

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Speaker 8: the case of the American people. It's dreadfully unpopular. We

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Speaker 8: want to replenish those hips, and I do take it

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Speaker 8: from the funds that have already been appropriated that are

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Speaker 8: setting in basically the budget at DoD.

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Speaker 3: And you can catch our full conversations with Senators Mark

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Speaker 3: Warner and Rick Scott in all our high profile discussions

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Speaker 3: on our video hub on the Bloomberg Business app Nathan.

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Speaker 2: It is the morning after primary elections in Arizona and

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Speaker 2: which seventy five percent of votes counted. Trump Back conservative

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Speaker 2: Andy Biggs has won the Republican governor's race over a

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Speaker 2: fellow congressman and David Schweiker. It's seventy two percent to

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Speaker 2: fifteen percent that sets BIG's up for a showdown with

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Speaker 2: Democratic incumbent Katie Hobbs and November. Schweiker gave up his

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Speaker 2: seat in Arizona's first House district to run for governor.

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Speaker 2: Democrats now see that as a key target in their

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Speaker 2: bid to take control of Congress. In that race, Republicans

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Speaker 2: got behind former Arizona colonel's kicker Jay Feely with nearly

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Speaker 2: fifty percent of the vote. The Democratic race is still

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Speaker 2: too close to call, but with seventy seven percent of

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Speaker 2: votes counted, former state Representative Amiesha leads one time news

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Speaker 2: anchor Marlene glon Woods forty two to thirty three percent.

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Speaker 3: In New Jersey, Karen Governor Mikey Cheryl says about sixty

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Speaker 3: six hundred people who identified themselves as non citizens were

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Speaker 3: registered to vote in twenty twenty three and twenty four.

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Speaker 3: Cheryl says it was due to a software error in

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Speaker 3: the state's motor vehicle system.

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Speaker 7: In the case of this error, some individuals indicated that

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Speaker 7: they weren't citizens and weren't eligible to vote, but the

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Speaker 7: software registered them anyway.

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Speaker 3: New Jersey Governor Mikey Cheryl says she learned of the

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Speaker 3: problem last week and directed her chief counsel to upen

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Speaker 3: an investigation. Closure is fueling increased scrutiny of voting by

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Speaker 3: the Trump administration. President Trump is pushing Congress to pass

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Speaker 3: legislation to address what he claims is widespread electoral fraud.

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Speaker 3: We get more from Bloomberg's Miles Miller.

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Speaker 11: There's a ton of pushback on the Hill for folks

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Speaker 11: to have to use their IDs in order to vote,

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Speaker 11: but it gives the Trump administration a lot of ammunition

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Speaker 11: that this majority blue state is disclosing that there has

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Speaker 11: been an issue where non citizens have voted.

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Speaker 3: It's Bloomberg's Miles Miller, and Republicans say the incident is

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Speaker 3: evidence that Congress should pass the Save America Act.

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Speaker 2: Another news this morning, Nathan the Associated Press is reporting

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Speaker 2: President Trump has approved in agreement with Saudi Arabia that

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Speaker 2: could potentially provide the kingdom with uranium enrichment capability for

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Speaker 2: its civilian nuclear program that he's expected to last thirty

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Speaker 2: years and is also expected to involve US firms in

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Speaker 2: developing the program.

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Speaker 3: The President Trump is threatening big costs for generic drug

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Speaker 3: manufactor Karen if they don't move production to the US.

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Speaker 3: Bloomberg's John Tucker joins US with that story.

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Speaker 12: John and Nathan Trump said in a social media post

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Speaker 12: generic drug manufacturers they're going to have two years to

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Speaker 12: move production to the US or face a one hundred

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Speaker 12: percent import duty. So it'll all start in August of

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Speaker 12: next year. The tariffs would then double to two hundred

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Speaker 12: percent the following year, and ultimately it may be the

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Speaker 12: American consumer who's going to feel the impact. The planned

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Speaker 12: tariff would raise costs for manufacturers who already operate on

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Speaker 12: pretty thin margins, risking higher prices and potential shortages for

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Speaker 12: the generic treatments that account for more than ninety percent

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Speaker 12: of US prescriptions. It's unclear how forcing companies to make

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Speaker 12: more medicines in the US will help bring prices down,

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Speaker 12: given the lower costs of labor and manufacturing in established

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Speaker 12: locations like India. I'm John Tucker, Bloomberg Radio.

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Speaker 2: All right, John, thank you. Let's turn to the markets now.

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Speaker 2: Our futures are lower ahead of some key tech earnings.

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Speaker 2: Today we hear from almost thirty companies, including a Google parent, Alphabet,

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Speaker 2: and Tesla. Bloomberg's Tom Busby has more on what to

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Speaker 2: expect from Alphabet.

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Speaker 10: The key for investors any evidence, really, any indication that

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Speaker 10: the company's billions and billions of dollars invested in artificial

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Speaker 10: intelligence may finally be paying off. It also needs to

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Speaker 10: show that advertising revenue at its core search engine unit

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Speaker 10: can weather the impact of AI on the search business.

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Speaker 10: Bloomberg consensus calls for revenue of one hundred and seventeen

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Speaker 10: point zero two billion dollars an earnings per share of

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Speaker 10: two dollars and ninety cents. Tom Busby Bloomberg Radio.

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Speaker 5: All right, Tom, thanks.

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Speaker 3: Ahead of those tech earnings, shares of super Micro computer

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Speaker 3: or surging pre market up more than sixteen percent. The

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Speaker 3: artificial intelligence server maker issued preliminary results saying its backlog

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Speaker 3: hit a record on new orders in the quarter of

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Speaker 3: more than sixty billion dollars. Super Micro also says its

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Speaker 3: gross margins will be in the range of fifteen to

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Speaker 3: seventeen percent. That is almost double its prior estimate.

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Speaker 2: Time Now for look at some of their stories making

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Speaker 2: news in New York and around the world, and for

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Speaker 2: that we're joined by Bloomberg's Michael Barr. Michael, good morning, Good.

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Speaker 13: Morning, Karen. Parts of the Northeast are in cleanup mode

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Speaker 13: after strong storms rolled through the area Tuesday. With more

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Speaker 13: here's Bloomberg me duralogist Craig Allen.

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Speaker 14: We just had our third severe weather event in just

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Speaker 14: four days over the eastern quarter of the nation, and

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Speaker 14: the worst of it yesterday was about fifty miles either

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Speaker 14: side of High ninety five from DC to New York

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Speaker 14: City and Boston at various times of the day, two

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Speaker 14: hard hit states where New York and New Jersey, and

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Speaker 14: a tornado watch was in effect elevated to a warning

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Speaker 14: in several suburbs of New York City as severe thunderstorms

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Speaker 14: spawned funnel clouds, and the National Weather Service will be

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Speaker 14: investigating these areas today to see what actually caused the

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Speaker 14: damage and the intensity.

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Speaker 13: Bloomberg medurologist Craig Allen. New York Mayor Zaron Mumdani said

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Speaker 13: the city does not have the ability to arrest Benjamin

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Speaker 13: dett and Yahoo. The Israeli Prime Minister plans to come

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Speaker 13: to New York for the UN General Assembly in September.

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Speaker 13: Mamdani said the US federal government should enforce the international

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Speaker 13: criminal courts arrest more and instead.

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Speaker 11: And I want to be equally clear Benjamin Nettnia, who

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Speaker 11: is not welcome in New York City, nor is any

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Speaker 11: other war criminal at large.

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Speaker 13: However, President Donald Trump said netnah who will not be

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Speaker 13: arrested while in the US. The ICC issued an arrest

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Speaker 13: warrant for Netnaho in November of twenty twenty four, accusing

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Speaker 13: him of war crimes and crimes against humanity, but the

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Speaker 13: US is not legally bound to enforce its warrants. Health

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Speaker 13: officials say a fifth person is nine in New York

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Speaker 13: City's Legionnaire's disease outbreak that has sickened at least seventy

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Speaker 13: two people. The city's Health department has found Legionella bacteria

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Speaker 13: in thirty four cooling towers across thirty three buildings, all

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Speaker 13: of which have been cleaned, but officials still have not

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Speaker 13: identified the source of the outbreak. The health department says

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Speaker 13: no new patients have reported symptoms in the past ten days,

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Speaker 13: eight people remaining hospitalized. Global News twenty four hours a

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Speaker 13: day and whenever you want it with the Bloomberg News Now.

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Speaker 13: I'm Michael Barm and this is Bloomberg Karen.

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Speaker 5: Thanks Michael.

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Speaker 2: Time now for our Bloomberg sports updating. For that, we

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Speaker 2: bring in John stash Hour.

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Speaker 15: Thanks Darren. A Pitcher's duel in Philadelphia, the Dodgers top

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Speaker 15: the Phils two to one on a Max Mounsey home run.

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Speaker 15: Justin Robleski got the win. Is now eleven and two.

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Speaker 15: Zach Wheeler took the loss. He's now ten and two

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Speaker 15: FIFA rankings out after the World Cup, Norway went from

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Speaker 15: thirty first up to nineteenth in the world. The US

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Speaker 15: stayed at sixteenth. It's estimated about sixty million tuned in

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Speaker 15: in North America for the World Cup final, with a

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Speaker 15: worldwide audience estimated at about two billion. That's a Bloomberg

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Speaker 15: Sports update.

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Speaker 2: Stay with us. More from Bloomberg day Break coming up

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Speaker 2: after this.

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Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Serious Exam

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Speaker 1: and the world on Bloomberg dot Com and the Bloomberg

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Speaker 1: Business app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. Little end insight to tit

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Speaker 3: for tat attacks between the US and Iranan this morning.

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Speaker 3: The US may be expanding the scope of its strikes

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Speaker 3: deeper into Iranian territory, and President Trump is downplaying the

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Speaker 3: chance of further talks.

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Speaker 4: I will tell you they want to desperately meet, and

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Speaker 4: until they're ready to meet in a meaningful way, we

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Speaker 4: have no interest.

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Speaker 3: And that was President Trump in the Oval Office alongside

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Speaker 3: Lebanon's president and joining us from Istanbul. This morning is

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Speaker 3: Bloomberg Middle East Breaking News Editor Patrick Sykes, Patrick get

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Speaker 3: US up to speed on some of the breaking news

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Speaker 3: and the scope of the US attacks so far.

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Speaker 5: Good morning morning.

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Speaker 16: Yes, Obviously, the US operation has been focused on Iran's

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Speaker 16: southern coast along the Persian Gulf with a view to

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Speaker 16: restricting his ability to threaten the Straight offor mows. But

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Speaker 16: increasingly we're seeing strikes moving deeper into the country. We've

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Speaker 16: had them as far as kind of the far northeast

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Speaker 16: of the country. The latest were in Tabriz and the northwest,

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Speaker 16: one of the biggest cities in Iran, hitting a military

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Speaker 16: site there.

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Speaker 5: That's the kind of location.

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Speaker 16: That we saw being hit in the height of the

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Speaker 16: conflict in kind of March April time, because it's a

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Speaker 16: big base for missile operations, but is obviously less connected

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Speaker 16: directly to the Strait of Mu's situation.

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Speaker 3: What does that mean in terms of how Iran could

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Speaker 3: potentially respond? Is there scope for Iran to widen its

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Speaker 3: attacks further against the US?

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Speaker 16: Yeah, indeed, I think it's just another sign of the

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Speaker 16: escalatory mode that we seem to be in at the moment.

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Speaker 16: I think Iran has been the latest side to substantively

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Speaker 16: escalate the stakes with that move by its allies in Yemen,

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Speaker 16: the Huthi's earlier this week to announce the blockading of

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Speaker 16: Saudi ports.

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Speaker 5: Well, I think we're going to be watching.

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Speaker 16: Now, is are there any confrontations that come about as

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Speaker 16: a result of that blockade?

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Speaker 5: You know, are the shipping companies that tried.

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Speaker 16: To defy that ban and therefore end up in a

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Speaker 16: receive on the receiving end of fire potentially from the

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Speaker 16: Hohothis that'll be key to watch, and then more broadly,

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Speaker 16: obviously around it continues to target those US bases around

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Speaker 16: the region. I think we can expect that to continue.

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Speaker 16: The way it might go up a gear is if

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Speaker 16: Iran expands that to more civilian infrastructure, critical infrastructure, more

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Speaker 16: power plants in particular desalination plants as well, beyond those

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Speaker 16: core military targets.

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Speaker 3: Well, as we continue to watch these hot attacks continue. Patrick,

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Speaker 3: in our last minute here, we heard President Trump say

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Speaker 3: that Iran is desperate to return to talks. Are we

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Speaker 3: seeing evidence that that is the case.

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Speaker 5: No.

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Speaker 16: In short, we're seeing messaging from both sides that they're

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Speaker 16: more prepared to escalate than de escalate. We had the

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Speaker 16: Iranian Interior minister in part Kistan yesterday, but hadn't heard

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Speaker 16: anything about the outcome of those talks.

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Speaker 5: Pakistan, of course, is a mediator in the conflict.

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Speaker 16: But just an hour or so ago we heard the

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Speaker 16: Ministry is saying that Iran had no new message, that

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Speaker 16: there were no negotiations as such going on. That's partly

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Speaker 16: an issue of semantics. Negotiations for them means I think

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Speaker 16: sitting around the table in Geneva, whereas messages is something

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Speaker 16: a bit less formal, a bit less direct. But for now,

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Speaker 16: no on the diplomatic front, we're not seeing any sign

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Speaker 16: of a breakthrough.

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