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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. President Trump has abandoned efforts to recruit partners

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Speaker 1: to reopen the Straight of Horn moves, and today he

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Speaker 1: criticized NATO allies who said they don't want to get involved.

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Speaker 1: Here's Trump.

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Speaker 2: So I think NATO's making a very foolish mistake. And

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Speaker 2: I've long said that, you know, I wonder whether or

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Speaker 2: not NATO would ever be there for us. So this

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Speaker 2: is a This was a great test because we don't

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Speaker 2: need them, but they should have been there. The other

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Speaker 2: thing is, and I think, you know, very important, we

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Speaker 2: didn't have to be there for Ukraine.

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Speaker 1: Trump went on to say the US would be leaving

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Speaker 1: the conflict in the near future, although he did not

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Speaker 1: offer a specific timeline. The Trump administration is intending to

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Speaker 1: take additional steps to ease sanctions on Venezuela's oil sector.

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Speaker 1: It's part of an effort to increase crude production given

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Speaker 1: higher oil prices. We are told these moves could be

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Speaker 1: announced as soon as this week. They include issuing more

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Speaker 1: individual licenses to allow foreign companies to work in Venezuela

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Speaker 1: without violating US sanctions in Israel. Two people were killed

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Speaker 1: near Tel Aviv during an Iranian missile barrage. AFP reports

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Speaker 1: police were responded to several impact sites around the city

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Speaker 1: and its surrounding areas. Israel said it killed two senior

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Speaker 1: Iranian security officials in overnight strikes, one of whom was

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Speaker 1: the security chief Ali Larajani. Iranian state media confirmed his death.

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Speaker 1: The aircraft carrier USS Gerald R Ford is leaving the

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Speaker 1: fight with Iran and heading back to port. We are

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Speaker 1: told a fire broke out in the ship's laundry area

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Speaker 1: and left at least two sailors with non life threatening injuries. Now,

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Speaker 1: the Ford will travel from its current location in the

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Speaker 1: Red Sea to Suda Bay on the Greek island of Crete.

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Speaker 1: The Defense Department reportedly wants to mass produce a Kamakazi

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Speaker 1: drone used recently by the US military to strike Iran.

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Speaker 1: This one way attack drone is called Lucas, was deployed

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Speaker 1: by the US military late last year in the Middle East.

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Speaker 1: The Wall Street Journal quotes a Defense Department official saying

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Speaker 1: Lucas worked very well so far, and it's proven out

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Speaker 1: to be a useful tool in the Arsenal crude oil

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Speaker 1: rose today, as Iran continued attacks on energy infrastructure around

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Speaker 1: the Middle East. WTI picked up two point nine percent

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Speaker 1: to close New York trading at ninety six twenty one.

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Speaker 1: Here is Bloomberg Commodity strategist Mike mcgloan.

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Speaker 3: We need a swift resolution of this disruptions in this

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Speaker 3: strait as soon as possible. But every day that goes by,

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Speaker 3: this is a potential recession in trajecting. But we'll awful see.

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Speaker 3: Market's already looking ahead the future's curves, not just in

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Speaker 3: crude oil, but in natural gas and corn and soybeans,

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Speaker 3: and they're all expecting this pumping prices to bring on

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Speaker 3: that supply producers aheage and prices ahead lower, most notably

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Speaker 3: by midterm.

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Speaker 1: Mike mcgloone from Bloomberg Intelligence. Now, the stock market posted

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Speaker 1: slim gains today as it struggled to look through the

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Speaker 1: implication of higher oil prices. The S and P five

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Speaker 1: hundred added two tens to one percent. Airlines reported strong

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Speaker 1: ticket sales despite higher jet fuel cost The S and

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Speaker 1: P five hundred passenger airline sub index rows four point

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Speaker 1: four percent today. On Monday, jet fuel prices were about

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Speaker 1: fifty percent higher than before the start of the war.

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Speaker 1: On February twenty eighth, a top US counter terrorism official

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Speaker 1: resigned over the war with Iran. Joe Kent said he

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Speaker 1: cannot in good conscience back the Trump administration's war. He

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Speaker 1: said Iran posed no imminent threat, and he said the

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Speaker 1: US started the war because of pressure from Israel. President

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Speaker 1: Trump spoke about this resignation, and.

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Speaker 2: I always thought he was a nice guy, but I

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Speaker 2: always thought he was weak on security, very weak on security.

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Speaker 2: I didn't know him well, but I thought it seemed

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Speaker 2: like a pretty nice guy. But when I read a statement,

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Speaker 2: I realized that it's a good thing that he's out,

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Speaker 2: because he said that Iran was not a threat. Iran

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Speaker 2: was a threat every country now.

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Speaker 1: Can is a former political candidate with connections to right

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Speaker 1: wing extremist As head of the National counter Terrorism Center,

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Speaker 1: Kent was in charge of an agency tasked with analyzing

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Speaker 1: and detecting terror threats. President Trump's nominee to lead the

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Speaker 1: Department of Homeland Security, Senator Mark Wayne Mullen, will get

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Speaker 1: a confirmation hearing this week, and he'll face questions from

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Speaker 1: senators about his limited management and homeland security experience. More

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Speaker 1: from Bloomberg's Ammy Morris in Washington Senator.

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Speaker 4: Mullen is a former construction company owner and mixed martial

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Speaker 4: arts fighter. He's never run an agency, held a homeland

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Speaker 4: security role, nor led any relevant legislation. Despite the scrutiny,

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Speaker 4: Mullen is likely to secure confirmation with strong conservative support

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Speaker 4: as Republicans seek a reset at DHS. Mullen told ABC

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Speaker 4: when he first got the call from the White House

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Speaker 4: nominating him for the job, that he knows there is

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Speaker 4: a lot of work ahead.

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Speaker 1: Farmer hooland Security has a very broad jurisdiction, and I

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Speaker 1: think there's a lot of work that we need to do,

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Speaker 1: order say.

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Speaker 4: Mullen's experience in Congress and alignment with the administration's immigration

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Speaker 4: priorities make him suited for the role in Washington. Amy

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Speaker 4: Moore as Bloomberg Radio.

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Speaker 1: In Business News, and Vidia CEO Jensen Wang said the

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Speaker 1: company is gearing up for chip customers in China. Hererishwang

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Speaker 1: making the announcement.

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Speaker 5: We've been licensed for many customers in China for h

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Speaker 5: two hundred. We have received purchase orders from many customers

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Speaker 5: and we're in the process of restarting our manufacturer.

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Speaker 1: In Vidia CEO Jensen Wang now, the company has been

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Speaker 1: working to re establish sales of its AI processors in China,

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Speaker 1: the market was virtually closed to such products by US

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Speaker 1: export restrictions. It was primary election night in Illinois, and

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Speaker 1: on the Republican side for US Senate Don Tracy won

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Speaker 1: the nomination. On the Democratic side, the Lieutenant Governor Juliana

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Speaker 1: Stratton is the nominee. Incidentally, this Senate seat is currently

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Speaker 1: held by Democrat Dick. At the same time, tonight, Darren

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Speaker 1: Bailey won the Republican nomination for governor. He will face

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Speaker 1: off against incumbent Governor JB. Pritzker in November. And in sports,

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Speaker 1: the twenty twenty six World Baseball Classic has wrapped up.

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Speaker 1: In the championship game, Venezuela beat the US three to two.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg