1
00:00:02,520 --> 00:00:05,400
Speaker 1: News when you wanted with Bloomberg News Now I'm Doug Krisner.

2
00:00:05,840 --> 00:00:09,960
Speaker 1: Volatility and oil prices continues to dominate market psychology and

3
00:00:10,080 --> 00:00:13,680
Speaker 1: headline risk is high. Now we are learning the International

4
00:00:13,800 --> 00:00:18,200
Speaker 1: Energy Agency has reportedly proposed the largest release of oil

5
00:00:18,280 --> 00:00:21,479
Speaker 1: reserves in its history. Obviously, the aim would be to

6
00:00:21,520 --> 00:00:24,520
Speaker 1: bring down crude prices that have soared during the US

7
00:00:24,640 --> 00:00:27,880
Speaker 1: Israeli war with Iran. The Wall Street Journal reports the

8
00:00:27,920 --> 00:00:31,520
Speaker 1: release would exceed one hundred and eighty two million barrels.

9
00:00:31,800 --> 00:00:33,240
Speaker 1: Here is Bloomberg's wrong way.

10
00:00:33,400 --> 00:00:37,360
Speaker 2: NEO would only be a temporary solution to what's going

11
00:00:37,440 --> 00:00:41,480
Speaker 2: on in the disruption in the Strait of Home Moose.

12
00:00:41,960 --> 00:00:45,479
Speaker 2: But more importantly, I think the fact that the IA

13
00:00:45,720 --> 00:00:49,800
Speaker 2: the G seven nations are kind of deliberating and considering

14
00:00:49,880 --> 00:00:55,080
Speaker 2: its largest ever release best waits and shows how significant

15
00:00:55,160 --> 00:00:58,160
Speaker 2: the disruption in the Middle East and the Street of

16
00:00:58,200 --> 00:00:59,040
Speaker 2: Home Moose has been.

17
00:00:59,080 --> 00:01:02,400
Speaker 1: That is Bloomberg's now. Earlier in the day, the oil

18
00:01:02,440 --> 00:01:06,120
Speaker 1: market was buffeted by some confusion over whether the US

19
00:01:06,240 --> 00:01:09,360
Speaker 1: Navy escorted an oil tanker through the Strait of Horror Moves.

20
00:01:09,720 --> 00:01:12,600
Speaker 1: Energy Secretary Chris Wright claimed that was the case in

21
00:01:12,640 --> 00:01:15,920
Speaker 1: a post on social media. Later, however, that post on

22
00:01:16,240 --> 00:01:19,280
Speaker 1: x was deleted. Then, in a briefing with reporters, White

23
00:01:19,280 --> 00:01:22,679
Speaker 1: House Press Secretary Caroline Levitt said the US did not

24
00:01:22,920 --> 00:01:25,080
Speaker 1: escort any oil tanker through the strait.

25
00:01:25,560 --> 00:01:27,640
Speaker 3: I was mat aware of this post. I haven't had

26
00:01:27,680 --> 00:01:30,959
Speaker 3: a chance to talk to the Energy Secretary about it directly. However,

27
00:01:31,000 --> 00:01:33,280
Speaker 3: I know the post was taken down pretty quickly, and

28
00:01:33,319 --> 00:01:36,160
Speaker 3: I can confirm that the US Navy has not escorted

29
00:01:36,200 --> 00:01:38,640
Speaker 3: a tanker or a vessel at this time, though, of

30
00:01:38,680 --> 00:01:41,400
Speaker 3: course that's an option the President has said he will

31
00:01:41,760 --> 00:01:45,080
Speaker 3: absolutely utilize if and when necessary at the appropriate time.

32
00:01:45,200 --> 00:01:49,320
Speaker 1: That was White House Press Secretary Caroline Levitt. Separately, CNN

33
00:01:49,360 --> 00:01:52,840
Speaker 1: reported Iran began laying minds in the Strait of Horror moves,

34
00:01:52,880 --> 00:01:55,840
Speaker 1: and in response, President Trump said that if minds were

35
00:01:55,880 --> 00:01:59,560
Speaker 1: placed and not removed, there would be military consequences for

36
00:01:59,680 --> 00:02:02,880
Speaker 1: ira On and then later the US Central Command set

37
00:02:02,920 --> 00:02:07,160
Speaker 1: American forces eliminated sixteen Iranian mind laying boats and other

38
00:02:07,280 --> 00:02:11,360
Speaker 1: vessels near the Strait of Hormuz. Meantime, US officials have

39
00:02:11,440 --> 00:02:15,280
Speaker 1: signaled little chance of diplomatic talks with Iran. The Pentagon

40
00:02:15,360 --> 00:02:18,359
Speaker 1: says it will not relent until the enemy is totally

41
00:02:18,400 --> 00:02:22,359
Speaker 1: and decisively defeated. Here is Defense Secretary Pete Hegseth.

42
00:02:22,800 --> 00:02:26,359
Speaker 4: This is not endless, it's not protracted. We're not allowing

43
00:02:26,440 --> 00:02:29,440
Speaker 4: mission creep. The President has set a very specific mission

44
00:02:29,520 --> 00:02:33,680
Speaker 4: to accomplish, and our job is to unrelentingly deliver that.

45
00:02:33,720 --> 00:02:35,120
Speaker 4: Now he gets to control the throat.

46
00:02:35,320 --> 00:02:39,280
Speaker 1: Defense Secretary Pete Hegseth, speaking earlier at a reporter briefing,

47
00:02:39,480 --> 00:02:42,520
Speaker 1: and separately, the Pentagon said about one hundred and forty

48
00:02:42,639 --> 00:02:45,639
Speaker 1: service members have been wounded in the war, and now

49
00:02:45,760 --> 00:02:49,400
Speaker 1: US lawmakers are showing a deep partisan divide. Here is

50
00:02:49,480 --> 00:02:54,160
Speaker 1: Democratic Senator Richard Blumenthal speaking after a briefing with Pentagon officials.

51
00:02:54,360 --> 00:02:58,280
Speaker 5: I guess I am most concerned about the threat to

52
00:02:58,600 --> 00:03:04,399
Speaker 5: American lines of potentially deploying our sons and daughters on

53
00:03:04,440 --> 00:03:07,640
Speaker 5: the ground in Iran. We seem to be on a

54
00:03:07,800 --> 00:03:13,480
Speaker 5: path toward deploying American troops on the ground in Iran

55
00:03:13,960 --> 00:03:16,760
Speaker 5: to accomplish any of the potential objectives.

56
00:03:16,760 --> 00:03:21,160
Speaker 1: Here is Democratic Senator Richard Blumenthal of Connecticut. After the

57
00:03:21,200 --> 00:03:24,720
Speaker 1: Bell Oracle posted quarterly Cloud revenue above estimates, and the

58
00:03:24,720 --> 00:03:28,600
Speaker 1: company also projected strong sales for fiscal twenty twenty seven,

59
00:03:28,720 --> 00:03:32,280
Speaker 1: and we got reaction from honorag Rana of Bloomberg Intelligence.

60
00:03:32,320 --> 00:03:34,400
Speaker 6: It's actually very clean numbers. I think the thing that

61
00:03:34,480 --> 00:03:36,760
Speaker 6: sticks out most as capital expenditure is not going to

62
00:03:36,760 --> 00:03:39,200
Speaker 6: go up. I think people are worried about a lot

63
00:03:39,200 --> 00:03:42,240
Speaker 6: of these cloud providers adding to capex. So that's a

64
00:03:42,240 --> 00:03:46,480
Speaker 6: good thing, which revenue slightly higher, capex remaining flat, the

65
00:03:46,600 --> 00:03:48,640
Speaker 6: backlog is growing, So I think this is a good

66
00:03:48,640 --> 00:03:50,720
Speaker 6: print from multiple facets.

67
00:03:50,760 --> 00:03:54,000
Speaker 1: Honor rog Rana there from Bloomberg Intelligence. Shares and Oracle

68
00:03:54,040 --> 00:03:57,440
Speaker 1: were up nine percent in late US trading. We go

69
00:03:57,520 --> 00:04:00,560
Speaker 1: to Canada next, where police are seeking two men's suspected

70
00:04:00,600 --> 00:04:04,000
Speaker 1: of firing a handgun at the US Consulate in Toronto.

71
00:04:04,360 --> 00:04:08,440
Speaker 1: Authority say the incident is under investigation. Here is Frank Barreto,

72
00:04:08,720 --> 00:04:12,400
Speaker 1: Deputy Chief of the Toronto Police. There were people inside

73
00:04:12,440 --> 00:04:12,840
Speaker 1: the building.

74
00:04:12,880 --> 00:04:15,720
Speaker 3: However, this building is highly secure, highly fortified, and there

75
00:04:15,760 --> 00:04:16,640
Speaker 3: were no injuries.

76
00:04:16,880 --> 00:04:20,360
Speaker 1: Now police say security at the US and Israeli consulates

77
00:04:20,400 --> 00:04:23,880
Speaker 1: in both Toronto and Ottawa is being strengthened in response.

78
00:04:24,440 --> 00:04:27,680
Speaker 1: The Department of Justice says Live Nation and Ticketmaster have

79
00:04:27,800 --> 00:04:31,680
Speaker 1: reached a settlement with federal antitrust authorities, the companies will

80
00:04:31,720 --> 00:04:35,240
Speaker 1: have to open up concert venues to rival ticketing services

81
00:04:35,520 --> 00:04:39,400
Speaker 1: and cap fees at fifteen percent. Even so, several states

82
00:04:39,440 --> 00:04:42,760
Speaker 1: are concerned about this settlement, and today a federal judge

83
00:04:42,760 --> 00:04:45,359
Speaker 1: in New York ordered the states to engage in talks

84
00:04:45,680 --> 00:04:50,600
Speaker 1: to potentially resolve claims of Live Nation illegally monopolizing the

85
00:04:50,640 --> 00:04:53,760
Speaker 1: live event industry, and if no settlement is reached with

86
00:04:53,839 --> 00:04:58,520
Speaker 1: these states, a jury trial may continue next week. In Georgia,

87
00:04:58,560 --> 00:05:00,640
Speaker 1: there was a special election to fi filled the seat

88
00:05:00,680 --> 00:05:05,200
Speaker 1: of former Representative Marjorie Taylor Green. Democrat Shawn Harris and

89
00:05:05,279 --> 00:05:09,760
Speaker 1: Republican Clay Fuller are now advancing to an April seventh runoff,

90
00:05:09,880 --> 00:05:12,640
Speaker 1: and the winner will serve out the remaining months of

91
00:05:12,720 --> 00:05:15,720
Speaker 1: Green's term. In sports, there is a new record in

92
00:05:15,760 --> 00:05:19,480
Speaker 1: the NBA. Bam Adebio of the Miami Heat scored eighty

93
00:05:19,600 --> 00:05:23,000
Speaker 1: three points into night's game against the Washington Wizards at

94
00:05:23,000 --> 00:05:25,919
Speaker 1: a Bio is now the second highest scoring player in

95
00:05:25,960 --> 00:05:29,400
Speaker 1: a single game, topping the late Kobe Bryant. By the way,

96
00:05:29,480 --> 00:05:33,359
Speaker 1: only ten players in NBA history have ever scored seventy

97
00:05:33,400 --> 00:05:36,440
Speaker 1: points in a single game, and that is news when

98
00:05:36,480 --> 00:05:38,880
Speaker 1: you want it with Bloomberg News. Now, I'm Doug Prisner,

99
00:05:38,920 --> 00:05:39,799
Speaker 1: and this is Bloomberg