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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 developments in the Middle East.

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Speaker 3: The US Central Command says it's completed the latest wave

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Speaker 3: of strikes on military targets across Iran in a five

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Speaker 3: hour mission. President Trump spoke to reporters at the White

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Speaker 3: House yesterday.

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Speaker 4: Well, I think it's going very fast. We've demolished their military.

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Speaker 4: We're hitting him very hard. And we had a deal

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Speaker 4: yesterday or the day before yesterday. It was all done,

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Speaker 4: and then they broke up that deal immediately because they

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Speaker 4: found out there was something in the deal that didn't

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Speaker 4: like and they're wired differently, and we're not going to

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Speaker 4: put up with it.

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Speaker 5: It was President Trump at the White House.

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Speaker 3: Iran semi official Tosdam News Agency reports Islamic Revolutionary Guard

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Speaker 3: Core targeted radar systems of the US Navy's fifth Fleet

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Speaker 3: in Bahrain with missiles and drones.

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Speaker 2: Well, Nathan, President Trump is reinstating the US blockade of

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Speaker 2: a Rainian ships transitting the.

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Speaker 5: Strait of Horror moves.

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Speaker 2: He's also demanding a twenty percent reimbursement for all other

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Speaker 2: cargoes shipped through the waterway. We get more from Bloomberg

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Speaker 2: News director Wilt Kennedy.

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Speaker 6: It is an important tourn of events.

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Speaker 7: Clearly, a twenty percent levee on the cost of cargoes

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Speaker 7: leaving the Straight of Horme moves will be a very

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Speaker 7: serious change in the expense involved in shipping oil out

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Speaker 7: of hor Moos.

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Speaker 6: You're talking about fifteen dollars a bottle.

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Speaker 7: It's a lot, and it's a lot lot more than

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Speaker 7: in Van was proposing when it was saying that it

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Speaker 7: wanted to charge people.

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Speaker 6: So it really is a dramatic twist.

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Speaker 7: And I think whether or not this ever comes to pass,

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Speaker 7: we will see. But the important thing for global markets

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Speaker 7: is we're in a very different situation with hor moves

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Speaker 7: than we were a few days ago, and not.

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Speaker 8: In a good way.

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Speaker 5: And Bloomberg's well.

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Speaker 2: Kennedy says, US military forces or resume blockading traffic to

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Speaker 2: and from Iranian ports and coastal areas beginning today at

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Speaker 2: four pm New York time. And this morning, the United

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Speaker 2: Arab Emirates says two of its oil tankers are hit

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Speaker 2: by Iran while crossing the Straight of horm moves. It

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Speaker 2: all has oil on the rise once again, checking nimex screwed.

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Speaker 2: Oil again is at eighty one dollars twenty cents a barrel,

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Speaker 2: up almost four percent. Brent is up almost five percent

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Speaker 2: at eighty seven dollars thirty six cents.

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Speaker 5: Now to domestic politics, Karen.

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Speaker 3: South Carolina Governor Henry McMaster has made his choice to

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Speaker 3: fill out the rest of the late Senator Lindsay Graham's term.

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Speaker 3: It's Graham's sister, Darlene Graham nordone.

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Speaker 2: I want to thank the governor for selecting me to

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Speaker 2: serve the remainder of Lindsay's term.

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Speaker 5: It is such an honor.

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Speaker 1: Lindsay has always been there for me, and now I

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Speaker 1: will be.

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Speaker 5: There for him.

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Speaker 3: Darlene Graham nor Done spoke at a brief event in Columbia.

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Speaker 3: South Carolina Senate majority leader John Thune says she will

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Speaker 3: be sworn in this afternoon. In Washington, Governor McMaster says

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Speaker 3: the special election to replace Graham on the November ballot

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Speaker 3: will be held in four weeks on August eleventh.

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Speaker 2: And Nathan the White House says President Trump will support

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Speaker 2: one of Senator Graham's last major legislative efforts before he

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Speaker 2: died a new sanctions bill on Russia. Graham first proposed

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Speaker 2: what he called bone crushing sanctions in April of last year.

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Speaker 2: That bill would have imposed so called the secondary tariffs

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Speaker 2: as high as five hundred percent on countries that bought

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Speaker 2: Russian oil or natural gas. It's unclear whether this bill

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Speaker 2: would go that far, but Senate Leader Thune says passing

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Speaker 2: it would be a great tribute and legacy for Lindsey Graham.

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Speaker 5: Well not Kary.

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Speaker 3: We went updates you on a developing story in Maine

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Speaker 3: where a US immigration officer shot and killed a person

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Speaker 3: yesterday morning in Biddeford.

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Speaker 5: That's a small town just outside Portland.

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Speaker 3: The Department of Homeland Security says it was conducting surveillance

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Speaker 3: on a residence where someone had received a deportation order.

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Speaker 3: The agency says a suspected unauthorized person tried to flee

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Speaker 3: in a car and an ICE agent open fire, fearing

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Speaker 3: for public safety. Earlier, and official said that officer fired

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Speaker 3: after the person tried to run them over, but didn't

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Speaker 3: give more details. Maine Senator Angus King says he still

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Speaker 3: has a lot of questions, and.

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Speaker 9: The question is what did he do with his vehicle?

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Speaker 9: War officers threatened, where the threats rising to the level

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Speaker 9: that justified deadly force?

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Speaker 3: Senator King says Homeland Security Secretary Mark Wayne Mullen has

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Speaker 3: told him the person who was killed was not the

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Speaker 3: intended target of the operation. This is the second deadly

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Speaker 3: shooting involving federal agents in less than a week.

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Speaker 2: Another news this morning, Nathan, A dozen states have sued

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Speaker 2: Paramount's Guide and seeking to block it's one hundred and

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Speaker 2: ten billion dollar bid by Warner Brothers Discovery. The anti

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Speaker 2: trust lawsuit alleges the deal with harm competition for film

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Speaker 2: distribution and the licensing of cable TV channels. The gut

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Speaker 2: reaction from FCC Chairman Brendan Carr.

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Speaker 10: It's hard to see a real legitimate antitrust action, But

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Speaker 10: of course, you know, I leave it to the anti

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Speaker 10: trust experts to weigh in on this. I did think

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Speaker 10: it was interesting that there was a statement at least

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Speaker 10: attributed to the California Training General that said that they

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Speaker 10: would not sue if Paramount agreed to spin off CNN.

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Speaker 10: It's hard to conceive of a competition any trust theory

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Speaker 10: that takes you all the way up to the point

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Speaker 10: where owning or not owning CNN as part of that

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Speaker 10: broader group a legitimate line that anti trust or competition

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Speaker 10: law would draw.

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Speaker 2: An FCC Chairman Brendan Carr, speaking with n Ludlow on

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Speaker 2: Bloomberg Tech. Catch the full conversation on our video hub

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Speaker 2: on the Bloomberg Business app. In a statement, Paramount said

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Speaker 2: the lawsuit was wrong on the facts and the law,

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Speaker 2: and it would vigorously defend the transaction in court.

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Speaker 3: Well Karin, The voladil trading in sk Heinex continues. The

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Speaker 3: South Korean memory giant here raised an early plunge to

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Speaker 3: climb five percent in soul. At one point, sk Heinex

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Speaker 3: stumbled nine percent, a move that would have pushed its

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Speaker 3: two day loss beyond twenty percent, before staging that dramatic rebound,

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Speaker 3: and this morning, shares of sk Heinex traded in the

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Speaker 3: US or up six and a half percent.

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Speaker 2: Anything like sk Heinex, Samsung Electronics is in the early

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Speaker 2: stages of exploring a potential offering of American depository receipts.

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Speaker 2: Bloomberg News has learned the company has held preliminary discussions

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Speaker 2: with banks, but has not yet made a decision. About

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Speaker 2: whether to proceed source as a Samsung will monitor the

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Speaker 2: volatile memory chip stocks as part of the decision making.

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Speaker 2: Sam Sung shares have gained about one hundred and twenty

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Speaker 2: percent this year to raise the company's market value to

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Speaker 2: over one trillion dollars. Time now for look at some

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Speaker 2: of the other stories making news in New York and

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Speaker 2: around the world, and for that we're joined by Bloomberg's

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Speaker 2: Michael Barr.

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Speaker 5: Michael, good morning, Good morning Karen.

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Speaker 8: Get ready for the start of another heat wave in

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Speaker 8: the Northeast. Bloomberg meteorologist Craig Allen has.

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Speaker 11: More alerts for the heat are in place once again

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Speaker 11: for many cities here in the Northeast. You will be

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Speaker 11: experiencing searing heat from Washington to New York City and

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Speaker 11: on up to Boston. The thermometer will be up around

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Speaker 11: the nineties to around one hundred once again, and the

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Speaker 11: heat wave could begin as early as today from Hartford

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Speaker 11: to Boston, Potkeepsie down to New York City, Philadelphia, as

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Speaker 11: well as Baltimore and DC. There is a little difference

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Speaker 11: though that may help out just a bit as compared

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Speaker 11: to two weeks ago. I don't think the humidity will

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Speaker 11: be quite as oppressive, but the heat index will still

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Speaker 11: top one hundred in many low cap Remember the heat

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Speaker 11: alert rules and stay hydrated.

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Speaker 8: Bloomberg Media religis Craig Allen. In New York City, at

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Speaker 8: least sixty people now have contracted Legionnaire's disease on Manhattan's

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Speaker 8: Upper east Side. New York mayor zoron Memdani.

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Speaker 12: If you live, work, or have visited the area since

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Speaker 12: late June and are experiencing flu like symptoms, whether they

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Speaker 12: be call fever, difficulty breathing, then we encourage New Yorkers

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Speaker 12: to contact a healthcare provider.

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Speaker 8: The source of the disease usually exists on rooftop cooling

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Speaker 8: towers of large buildings. They are filled with water and

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Speaker 8: are part of the system used to cool the buildings.

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Speaker 8: During a virtual town hall last night, health officials said

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Speaker 8: more than thirty cooling towers that tested positive for Legionella

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Speaker 8: bacteria have now been cleaned. A judge rule that President

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Speaker 8: Trump's lawsuit against the IRS was a bad faith attempt

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Speaker 8: to manipulate the judicial process. US District Judge Kathleen Williams

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Speaker 8: called into question whether the President, his family members, or

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Speaker 8: business interests will be able to benefit from the controversial settlement,

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Speaker 8: which purports to immunize them from audits or other federal

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Speaker 8: probes related to pass violens. Global news twenty four hours

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Speaker 8: a day and whenever you want it with Bloomberg News Now.

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Speaker 8: I'm Michael Barr, 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 update, and for that

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Speaker 2: we bring in John Stashauer.

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Speaker 5: Thanks Canada.

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Speaker 13: Playing the Baseball All Star Games tonight in Philadelphia. Last

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Speaker 13: night it was the home run derby and the Phillies

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Speaker 13: fans were pulling for their own. Kyle Schwarberg was in

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Speaker 13: the finals against the Cardinals Jordan Walker, and Walker pulled

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Speaker 13: out the victory by homering in each of his last

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Speaker 13: six swings. The World Cup semifinals begin this afternoon in Dallas.

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Speaker 13: It's France against Spain. France so far in the World

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Speaker 13: Cup is six and zero by a combined sixteen to two,

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Speaker 13: and Spain has won its games by eleven to one.

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Speaker 13: That's a Bloomberg Sports update.

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Speaker 5: Stay with us.

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Speaker 2: More from Bloomberg Day Break coming up after this.

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Speaker 8: Coast to coast Bloomberg Radio nationwide on Sirius XM and

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Speaker 8: around the world on Bloomberg dot Com and the Bloomberg

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Speaker 8: Business app.

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Speaker 5: This is Bloomberg Daybreak, Good morning of Nathan Hager.

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Speaker 3: Crude oil back on the rise, along with tensions in

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Speaker 3: the Middle East after the US military carried out a

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Speaker 3: five hour assault on Iranian targets and President Trump announced

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Speaker 3: a renewed blockade on Iranian shipping through the Strait of

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Speaker 3: Horn moves as well as demands for repayment to protect

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Speaker 3: shipping through the Strait.

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Speaker 14: I want to be reimbursed because we're protecting a very

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Speaker 14: rich part portion of the world. We're spending money, and

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Speaker 14: so what we've done is we are going to be

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Speaker 14: reimbursed for protection we're protecting by the countries that we're helping.

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Speaker 3: I was President Trump in the Oval Office joining us

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Speaker 3: this morning from Dubai as Bloomberg Middle East Breaking News

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Speaker 3: editor Dana Krash. So, Dana, are we back to square

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Speaker 3: one following these latest strikes?

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Speaker 5: Good morning, Good morning.

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Speaker 1: I would say I would say yes, right, the US

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Speaker 1: three imposed this blockade on Iranian ports, and we are

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Speaker 1: back to worlwid we were before the MoU was signed, but

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Speaker 1: of course not before April eight, which was when they

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Speaker 1: agreed to the ceasefire, and this is becoming clear, right

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Speaker 1: this is the battle over hormones now and it's hard

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Speaker 1: to see who would win this. It's unlikely Iran would

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Speaker 1: abandon what has become, you know, its new found leverage

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Speaker 1: in the region wider and now we're seeing the US

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Speaker 1: trying to undermine what Iran has asserted, which is its

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Speaker 1: own control, and ships that are going through the Omani route,

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Speaker 1: which is the southern routes, are being an attacked like

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Speaker 1: we saw with the UAE oil tankers that were hit

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Speaker 1: by Iranian missiles two oil tankers that were confirmed to

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Speaker 1: being hit earlier today. So we are not back to

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Speaker 1: how it was during the war when there's like an

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Speaker 1: exchange of heavy exchange of fire and the Gulf countries

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Speaker 1: were dragged into this. We're still seeing like a tit

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Speaker 1: for tat skirmishes. But the only positive sign that we

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Speaker 1: are trying to look for here is whether Iran and

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Speaker 1: the US would sit again for these technical talks that

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Speaker 1: US official last week said they would still be on.

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Speaker 1: But we haven't seen any resumption of these talks.

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Speaker 3: Well, what are the chances, Dana, of those technical talks

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Speaker 3: resuming when President Trump, as we just heard is demanding

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Speaker 3: reimbursement twenty percent for cargo shipping.

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Speaker 5: And how would that even work? We only have about

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Speaker 5: a minute left.

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Speaker 1: Yeah, I think what President Trump is suggesting is hard

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Speaker 1: to materialize right now. What I mean, how would the

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Speaker 1: Golf countries react to this?

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Speaker 5: Right there?

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Speaker 1: Seeking twenty percent fee on all cargo ship It is

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Speaker 1: unlikely to be realized, like we said, just as a

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Speaker 1: move would add to you know, global energy and commodity

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Speaker 1: costs of course, you know, alienate key regional allies that

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Speaker 1: we talked about the Golf countries and face you know,

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Speaker 1: logistical and legal hurdles here, especially when it comes to

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Speaker 1: international law governing international shipping and waterways. So it's hard

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Speaker 1: to see this materializing. But this is also him trying

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Speaker 1: to counter at what you know, the Iranians have and

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Speaker 1: we're also seeing that run is coming back and said,

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Speaker 1: you know, our fare would be cheaper. But who is

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Speaker 1: caught in the middle here is the Gulf Countries, is

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Speaker 1: the Saudis, the immortis, the Bahrenis, and everybody else of

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Speaker 1: who would end up or have to pay these fares,

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Speaker 1: be it from the US or from Iran.

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Speaker 5: I'm Karen Moscow and I'm Nathan Hager.

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