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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, the war where Iran has reached the end of

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Speaker 3: its second week and there is little sign of let

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Speaker 3: up in the attacks or the rhetoric. Both sides are

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Speaker 3: striking a defiant tone, including Iran's new Supreme Leader, much

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Speaker 3: to Bahameinni, and his first public statement since the fighting began.

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Speaker 3: We get the very latest from Bloomberg Middle East correspondent

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Speaker 3: Jumana Bersecci in Dubai.

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Speaker 4: It is fair to say that the messaging was one

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Speaker 4: of defiants. He's saying that they are vowing to keep

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Speaker 4: the strait of hormones closed. Other fronts will be opened

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Speaker 4: up as well. They will continue their strikes on US

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Speaker 4: bases and therefore it's a warning to Gulf states that

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Speaker 4: as long as they continue to harbor those US bases,

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Speaker 4: they will continue to be targeted and that they are

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Speaker 4: looking for reparations, which is similar to the posts that

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Speaker 4: the President had put up the prior days stipulated the

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Speaker 4: condition for them to come to the negotiating table.

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Speaker 3: Bloomberg's Jumana Barsecci reports, President Trump posted his own message

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Speaker 3: on social media, warning the US has quote unlimited firepower,

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Speaker 3: unlimited ammunition, and plenty of time. The President also said

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Speaker 3: Iran's leaders have been wiped from the face of the earth,

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Speaker 3: but in his first press briefing since the war began,

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Speaker 3: Israeli Prime Minister Benjamin Natanyahu said a regime is ultimately

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Speaker 3: brought down from within.

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Speaker 2: Well Nathan Bloomberg News has learned Russian intelligence is supporting

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Speaker 2: Iran's retaliation against the US. Israel, and Golf allies. Sources

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Speaker 2: say Moscow is providing to Ran with information including satellite

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Speaker 2: imagery and drone targeting tactics. Tony Halpin leads our team

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Speaker 2: covering Russia and Ukraine.

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Speaker 5: Russia Iran have had close links four years. Iran was

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Speaker 5: an early supplier of drones that Russia used when it

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Speaker 5: first invaded Ukraine because in certainly didn't have its own.

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Speaker 5: It's now copied those Iranian drones and it's helping Iran

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Speaker 5: with intelligence like satellite data to spot targeting and also

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Speaker 5: giving some information about how they used these Iranian style

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Speaker 5: drones to evade Western and particular American air defenses.

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Speaker 2: And Bloomberg Tony Halpin says Russia has denied involvement.

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Speaker 3: And as the fighting goes on, Karen oil continues to

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Speaker 3: rise in price. Brent crude closed above one hundred dollars

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Speaker 3: a barrel last night for the first time since August

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Speaker 3: of twenty twenty two. This morning, Brent is trading just

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Speaker 3: above one hundred dollars a barrel. It's down a bit

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Speaker 3: in the session. West Texas Intermediate's trading just above ninety five.

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Speaker 3: The US has announced several measures to try to ease prices,

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Speaker 3: including a waiver for buyers of Russian oil already at

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Speaker 3: sea but with the Straight of Horror moves all but

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Speaker 3: shut down. Bloombergs. Will Kennedy reports these moves are having

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Speaker 3: little impact.

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Speaker 6: And it seems that Yvonne is employing a strategy to

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Speaker 6: really interfere with halt all oil exports in the region

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Speaker 6: by ship apart from its own. It's important to remember

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Speaker 6: that Ivanian oil seems to be flowing fairly freely through

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Speaker 6: the Straight of Hooe moves, but it wants to stop

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Speaker 6: tankers flowing but from the Persian Gulf, and it seems

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Speaker 6: with these attacks on himong from neighbours as that stand

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Speaker 6: outside the Persian Gulf.

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Speaker 3: Bloomberg's Well Kennedy reports, Energy Secretary Chris Wright has said

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Speaker 3: the US Navy could begin escorting tankers through the strait

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Speaker 3: by the end of the month. The International Energy Agency

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Speaker 3: has called this war the biggest disruption to the oil

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Speaker 3: market in history.

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Speaker 2: Well, Nathan, how much of an impact will these higher

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Speaker 2: oil prices have on the consumer? We ask Bloomberg Economics

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Speaker 2: chief US economist and A.

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Speaker 1: Wong.

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Speaker 7: If oil stays above one hundred dollars per barrow, we

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Speaker 7: estimate that that will cost the average American household and

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Speaker 7: extra nineteen hundred dollars this year. And that's nineteen hundred

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Speaker 7: dollars less to spend on everything else other than gasoline.

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Speaker 2: Bloomberg Economics Chief US economists and A. Wong says the

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Speaker 2: lower sixty percent of households by income spend a bigger

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Speaker 2: share on gasoline, so the increase would hit them more

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Speaker 2: than higher income households and Karen.

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Speaker 3: President Trump is renewing his call for the Fed to

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Speaker 3: cut rates as the world economy faces shock waves from

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Speaker 3: the War with Iron. In a social media post, the

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Speaker 3: President wrote, quote, where is the Federal Reserve Chairman Jerome

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Speaker 3: too late Powell today. He went on to write, he

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Speaker 3: should be dropping interest rates immediately, not waiting for the

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Speaker 3: next meeting. For now, traders have sharply reduced bets for

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Speaker 3: an interest rate cut this year.

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Speaker 2: Well, Nathan. Another major story that we're following this morning

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Speaker 2: involves an apparent terror attack here in the US. A

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Speaker 2: man rammed his vehicle into a synagogue in Michigan Bloomberge.

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Speaker 2: John Tucker joins us with the very latest John, Good morning.

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Speaker 8: Good morning, Karena. Trunk drove around some ballards that are

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Speaker 8: meant to keep vehicles away from Temple Israel in West

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Speaker 8: Bloomfield Township near Detroit, and that's how security personnel said

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Speaker 8: they knew right away this vehicle is up to no good.

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Speaker 8: It sped through the doors into a hallway and crashed.

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Speaker 8: The driver, armed with a rifle, died after a shootout

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Speaker 8: with security. Rabbi Jennifer Coloozy says one hundred and forty

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Speaker 8: kids were in the temple daycare center at the time

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Speaker 8: of the attack.

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Speaker 9: My god, I never thought I'd s here looking at

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Speaker 9: my temple, surrounded by swatt an FBI and going out

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Speaker 9: into the parking lot and grabbing babies to bring them

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Speaker 9: to their parents.

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Speaker 8: Never The driver's been identified as forty one year old

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Speaker 8: Ahmed Mohammed Ghazalia, naturalized US citizen from Lebanon. Nobody inside

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Speaker 8: the synagogue, one of the nation's largest reform synagogues, was

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Speaker 8: seriously heard and please say the truck contained fireworks as

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Speaker 8: well as some sort of chemical agent that ignited after

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Speaker 8: the crash, the MBI calling it a targeted act of

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Speaker 8: violence against the Jewish community. I'm John Tucker, Bloomberg Radio.

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Speaker 2: All right, John, thank you.

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Speaker 3: Then, Virginia, a former Army National Guard member opened fire

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Speaker 3: in a classroom at Old Dominion University, leaving one person

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Speaker 3: dead and two others wounded. Police say that shooter was

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Speaker 3: subdued and killed by ROTC students. Dominievins, a Special Agent

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Speaker 3: in charge of the FBI's Norfolk, Virginia office.

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Speaker 2: There were students that were in that room that subdued

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Speaker 2: him and.

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Speaker 10: Rendered him no longer alive.

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Speaker 9: I don't know what's to say it, but they basically

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Speaker 9: agreeable to terminate the threat.

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Speaker 3: The FBI identified the shooter as Mohammad Baylor Jallo. They

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Speaker 3: say he yelled a Lahu akbar before the shooting and

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Speaker 3: it'd spent eight years in prison for attempting to aid

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Speaker 3: the Islamic State.

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Speaker 2: We want to turn to the equity markets now, Nathan,

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Speaker 2: where futures are once again a little change to lower.

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Speaker 2: Following yesterday's broad ranged selloff on Walls Street, all three

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Speaker 2: major indexes fell at least one and a half percent.

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Speaker 2: Charles Canter, a senior portfolio manager and Newburger Berman, talked

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Speaker 2: about investing during these volatile times.

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Speaker 11: If you think about the war, for example, I think

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Speaker 11: the war and investing have a lot of similarities. On

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Speaker 11: the short term, life feels very uncomfortable, very uncertain, and unpredictable,

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Speaker 11: and you've seen that today and over the long term,

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Speaker 11: the best businesses, the best capitalized businesses, the best businesses

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Speaker 11: that can allocate capital like the strongest armies, will ultimately

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Speaker 11: win out.

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Speaker 2: A Newburger Berman is Charles Candor. There. The Vicks Wall

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Speaker 2: Street spear gauge continues to rise right now. It is

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Speaker 2: closing in on twenty eight.

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Speaker 3: And in company news Karen Shares of Adobe are down

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Speaker 3: nearly nine percent in early trading. The software giant did

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Speaker 3: post earnings in line with estimates, but it announced its CEO,

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Speaker 3: Shintanu Narayan is resigning a deep skepticism about the company's

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Speaker 3: ability to thrive in the AI era. Gil Lauria is

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Speaker 3: head of Tech Research at DA Davidson.

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Speaker 12: It's a tough job for the next CEO, so who

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Speaker 12: that person is, whether they're credible in the AI RELM,

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Speaker 12: will be important in terms of the message. It just

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Speaker 12: has to be a change of direction. Adobe has really said, look,

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Speaker 12: we're fined on AI, We're agnostic, We're going to be

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Speaker 12: responsible AI for responsible image and video generation. That message

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Speaker 12: clearly has not resonated with investors, so that message has

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Speaker 12: to be different.

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Speaker 3: To DA Davidson's Gilloria Noryan had served as Adobe CEO

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Speaker 3: for eighteen years. He will remain in the position until

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Speaker 3: a successor is a.

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Speaker 2: Pint and Nathan a programming note. Markets make cloths on Friday,

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Speaker 2: but the world does not, and that's why we're bringing

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Speaker 2: you a new live radio and TV show, Bloomberg this

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Speaker 2: weekend is looking beyond the daily headlines, so the bigger

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Speaker 2: themes driving politics, business and culture. Joined David Gura, Christina Raffini,

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Speaker 2: and Lisa Matteo for smart conversations and in depth interviews

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Speaker 2: that help make sense of the week that's been and

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Speaker 2: what comes next? To get Bloomberg This Weekend Live Saturdays

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Speaker 2: and Sundays from seven am Eastern on Bloomberg Radio, TV

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Speaker 2: and the Bloomberg Business App. Time Now if we look

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Speaker 2: at some of the other stories making news in New

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Speaker 2: York and around the world, and for that we're joined

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Speaker 2: by Bloomberg's Michael Barr.

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Speaker 13: Michael, good Morning, Good Morning, Karen. Cuba vowed three dozens

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Speaker 13: of prisoners as its president prepares to speak to the

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Speaker 13: press for the second time since President Trump cut off

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Speaker 13: vital fuel supplies to the communist rund Island after capturing

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Speaker 13: its principal ally. According to Cuba's Foreign Ministry, fifty one

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Speaker 13: prisoners will be released in the coming days, citing the

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Speaker 13: spirit of goodwill and close fluid relations between Avanna and

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Speaker 13: the Vatican. The detainees to be released have all served

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Speaker 13: a significant portion of their sentences and have maintained good

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Speaker 13: behavior in prison. The lapse in funding for homeland security

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Speaker 13: means TSA agents have now been working without pay for

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Speaker 13: nearly a month. At Sea Tac Airport, a temporary food

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Speaker 13: pantry has opened up for unpaid federal employees, where spokesman

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Speaker 13: Perry Cooper says, those workers can pick up whatever they.

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Speaker 3: Need, nonperishable items, self storable food, hygiene products, those kinds

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Speaker 3: of things, infant supplies that some of these folks just

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Speaker 3: don't have the ability to get because they're not getting paychecks.

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Speaker 13: Similar food banks being set up at the airports across

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Speaker 13: the country. In Congress, Democrats say they are willing to

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Speaker 13: fund many of the agencies housed under DHS, including the TSA,

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Speaker 13: but will not vote to fund ICE without significant reforms

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Speaker 13: to their operations. Republicans, meanwhile, accused Democrats are rebuffing efforts

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Speaker 13: to negotiate. NASA cleared its Moon rocket for a launch

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Speaker 13: next month with four astronauts after completing the latest round

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Speaker 13: of repairs. It will mark humanity's first trip to the

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Speaker 13: Moon in more than fifty years. NASA Acting Associate Administrator

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Speaker 13: Lori Glaze.

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Speaker 2: It's a test flight and it is not without risk,

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Speaker 2: but our team and our hardware are ready.

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Speaker 13: NASA's Lori Glaze said. The space agency is aiming for

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Speaker 13: an April first launch date. Global News twenty four hours

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Speaker 13: a day and whenever you want it with Bloomberg News

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Speaker 13: Now Now Michael Barrn, this is Bloomberg Carrot.

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Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and

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Speaker 2: for that we bring in John Stashauer.

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Speaker 14: Thanks Karin. One hundred and twenty seven consecutive games for

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Speaker 14: Shay Gildess Alexander the Oklahoma City Thunder scoring twenty or

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Speaker 14: more points. He breaks the record that wil Chamberlain held

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Speaker 14: since the early nineteen sixties. Kyler Murray wants the first

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Speaker 14: overall pick of the draft. Had some success with Arizona,

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Speaker 14: but injured much of this past season. The Cardinals released him.

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Speaker 14: He has signed with Minnesota a one year deal. In Houston. Tonight,

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Speaker 14: it's the USA versus Canada quarterfinals of the World Baseball Classic.

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Speaker 14: That's a Bloomberg Sports Update.

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Speaker 2: Stay with us. More from Bloomberg Daybreak coming up after this.

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Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager. Now into day fourteen of

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Speaker 3: the Iran War, there is little sign of let up

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Speaker 3: on either side. President Trump says he is determined to

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Speaker 3: finish the job against Tehran.

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Speaker 5: We're doing what has to be done, should have been

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Speaker 5: done during a forty seven year period, could have been

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Speaker 5: done by a lot of different people that chose not

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Speaker 5: to do it.

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Speaker 3: That was President Trump at the White House last night.

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Speaker 3: This morning, we had to Dubai to bring in Bloomberg's

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Speaker 3: Paul Wallace, our managing editor for Middle East and Africa

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Speaker 3: Economic and Government News. Paul, good morning. What is the latest.

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Speaker 3: We've heard reports of massive explosions this morning in Tehran.

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Speaker 10: Hi, and good morning. Yes, so the more Israeli strikes

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Speaker 10: on Tehran today Israel announced that we presume the US

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Speaker 10: is also continuing it strikes across western parts of the

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Speaker 10: country as well. And yes, there appears to be no

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Speaker 10: real let up from Iran either. It's still it's maintaining

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Speaker 10: a very defiant tone.

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Speaker 5: We heard.

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Speaker 10: We had a statement from the new Supreme Leader yesterday,

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Speaker 10: the first one since he got elected right at the

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Speaker 10: beginning of this week, and he said that the straight

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Speaker 10: of wo should remain close and essentially said this war

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Speaker 10: will continue. So neither the Israelis, nor the Americans, nor

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Speaker 10: the Iranians seem in any mood to stop fighting at

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Speaker 10: the moment.

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Speaker 3: We also heard from that statement from the Supreme Leader

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Speaker 3: that Iran could try to open up new fronts if

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Speaker 3: the fighting continues. Does Iran have the capacity to do that?

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Speaker 10: Well, that was a significant statement and it's hard to tell.

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Speaker 10: I mean, it is possible that Iran tries to get

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Speaker 10: what's essentially the last of its proxies, the Houthis that

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Speaker 10: are based in Yemen, to start fighting again and essentially

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Speaker 10: to enter this war. So the Houthis have territory in

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Speaker 10: the Southern Red Sea. When the war in Guarza erupted

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Speaker 10: after the October seventh attacks by Hamas on Israel, the

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Speaker 10: Houthis became pretty crucial. They essentially closed the Southern Red

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Speaker 10: Sea to Western shipping because of their drone and missile

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Speaker 10: attacks on vessels going through that waterway. They've been quiet

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Speaker 10: or quiet ish since this war on Iran erupted. They

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Speaker 10: haven't said much beyond sort of hinting that they're ready

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Speaker 10: to go if they need to. If they do decide

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Speaker 10: to attack ships again, that would be a big blow

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Speaker 10: to the West, to the Americans. They have territory that's

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Speaker 10: quite close to the Saudi Arabian port of Yamboo. Yamboo

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Speaker 10: has become extra important because it is the outlet for

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Speaker 10: that big East West pipeline that the Saudis have, so

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Speaker 10: they can't export oil from their eastern fields through the

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Speaker 10: straits up for Moose, so they're now using Yamboo in

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Speaker 10: a big way. If the Huthies enter the Fray, and

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Speaker 10: especially if they decide to either target Yambuo or ships

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Speaker 10: going there, that is going to be a big problem

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Speaker 10: and will cause more crisis in the oil market.

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