Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with the latest on the war with Iran,
Speaker 3: now into its twenty fifth day. Attacks continue on both sides,
Speaker 3: even as President Trump says he's holding off on going
Speaker 3: after Iran's energy infrastructure for five days, citing what he
Speaker 3: calls really good discussions with Tehran.
Speaker 4: They started last night, a little bit the night before that,
Speaker 4: and I think they're you know, I think they're very good.
Speaker 4: They want to they want peace, They've agreed they will
Speaker 4: not have a nuclear weapon, you know, et cetera, et cetera.
Speaker 3: The President says US envoys Steve Whitcoff and Jared Kushner
Speaker 3: spoke with a top person in Iran on Sunday, but
Speaker 3: that it's not the new supreme leader. Most to Bahamini.
Speaker 3: Iranian official for their parts, say they are ruling out
Speaker 3: discussions with the US. Stuart Livingston Wallace leads Bloomberg's Middle
Speaker 3: East coverage.
Speaker 5: It's a confused picture and was wig getting scraps of it,
Speaker 5: So there does appear to have been some sort of
Speaker 5: back channeling going on, and our reporting has shown that
Speaker 5: probably includes Egypt, Turkey, Pakistan, sada Abroman and I'm sure
Speaker 5: that's not a complete list when you think of the
Speaker 5: number of countries that have been impacted by this war,
Speaker 5: not just directly in terms of attacks from Iran, but
Speaker 5: also you know, in terms of the economic impact much
Speaker 5: further afield, and I'm thinking particularly of East Asia.
Speaker 3: Bloomberg Stewart Livingston Wallace reports President Trump decided to back
Speaker 3: office threats after allies privately warned him that the war
Speaker 3: was becoming a disaster. Sources tell Bloomberg News that regional
Speaker 3: partners told the US permanent damage to Iran's infrastructure would
Speaker 3: lead to a failed state.
Speaker 2: But Nathan, there are signs of conflict may already be escalating.
Speaker 2: The Wall Street Journal is reporting that Saudi Arabia and
Speaker 2: the United Arab Emirates are taking steps toward joining the
Speaker 2: war versus. Saudi Arabia has agreed to give the US
Speaker 2: access to King Fod Airbase, and the UAE has closed
Speaker 2: a hospital and a club owned by Iran. All this
Speaker 2: is a tax to continue this morning, as we hear
Speaker 2: from Bloomberg, middle A Score responded Jumana Bursecchi.
Speaker 6: There'll still being joint US Israeli military strikes throughout Iran. Overnight.
Speaker 6: Some reported strikes near nuclear facilities have taken place, so
Speaker 6: we understand that limited damage was caused there and in retaliation,
Speaker 6: Iran continues to strike back and once again sending projectiles
Speaker 6: towards Saudi Arabia that were intercepted over Kuwait over Baherin.
Speaker 6: We understand an AW West center was also targeted in Baharan,
Speaker 6: more interceptions over the UAE as well, and missile strikes
Speaker 6: being targeted towards Tel Aviv.
Speaker 2: And as Bloomberg Jumana Bursecchi reporting from Dubai.
Speaker 3: Well Karen, there were huge bets in the markets before
Speaker 3: President Trump's public announcement on war negotiations that helped send
Speaker 3: crudal prices tumbling fourteen percent. Contracts are representing millions of
Speaker 3: barrels changed hands about fifteen minutes before the president's social
Speaker 3: media post. That's according to exchange data compiled by Bloomberg.
Speaker 3: There was a similar increase in activity in US stock
Speaker 3: futures on the SMP five hundred prior to the president's post.
Speaker 2: Well CHECKI Marcus this morning. Right now, Nathan crude oil
Speaker 2: is rising. Nim X crude oil is up almost three
Speaker 2: percent at ninety dollars sixty nine cents a barrel, Brent
Speaker 2: is up one point seven percent at one hundred and
Speaker 2: one dollars sixty six cents, and SMP futures are lower,
Speaker 2: down a tenth of uve percent. Yesterday, all three major
Speaker 2: indexes gained at least one point two percent after President
Speaker 2: Trump ordered the Pentagon to hold off on military strikes
Speaker 2: against Iranian energy infrastructure. Brent Shooty is chief investment officer
Speaker 2: at Northwestern Mutual.
Speaker 7: From the near term, it's still a wait and see.
Speaker 7: I don't think we've resolved all the different possible outcomes,
Speaker 7: and so I think this week is going to be
Speaker 7: interesting as we progress, and certainly headlines will drive the
Speaker 7: market over the next few weeks. Longer term, though, you
Speaker 7: want to look through this and you want to stay invested, obviously,
Speaker 7: and you want to stay diversified, and.
Speaker 2: That's Northwestern Mutuals Brent Shooty. The S and P five
Speaker 2: hundred had its biggest one day gain since February sixth.
Speaker 3: Karen, let's get to the latest now. In the deadly
Speaker 3: plane crash at New York Slaguardia Airport. The cockpit voice
Speaker 3: recorder and flight data recorder have been recovered. Investigators are
Speaker 3: decoding the black boxes from that Air Canada Express jet
Speaker 3: that collided with a fire truck just after landing. The
Speaker 3: captain and the co pilot died. Forty three people were hurt.
Speaker 3: Jennifer Homan Dy is chair of the National Transportation Safety Board.
Speaker 8: The port authority and the emergency responders cut a hole
Speaker 8: on the roof of the aircraft, dropped down and was
Speaker 8: able to get the CVR and FDR for US, which
Speaker 8: then one of our investigators drove back to our labs
Speaker 8: in Washington, DC today where they've been able to at
Speaker 8: least verify that the cockpit voice recorder was not damn.
Speaker 3: And tsp's Jennifer Homandy says this was the first deadly
Speaker 3: accident at LaGuardia in more than thirty years.
Speaker 2: Meanwhile, Nathan Senators and both parties are expressing rising optimism
Speaker 2: about reaching an agreement to eny five week partial shutdown
Speaker 2: to the Department of Homeland Security. The shutdown has led
Speaker 2: to lengthy delays and major US airports and unpaid employees
Speaker 2: of the Transportation Security Administration calling in sick after Republicans
Speaker 2: met at the White House with President Trump on Monday.
Speaker 2: Senator Mike Rounds of South Dakota tells Bloomberg Balance of
Speaker 2: Power that the Senate is working on a deal.
Speaker 9: We'll continue to work on it. Hopefully we will find
Speaker 9: a breakthrough somewhere along the line, and we'll be able
Speaker 9: to not only open up all of the operations of government,
Speaker 9: including those that protect us against terrorst threats, and get
Speaker 9: our airports open and operational and get those guys paid.
Speaker 9: That's really important to the vast majority of us. And
Speaker 9: I recognize that the President is lobbying hard to get
Speaker 9: everything done. Respect him for it. Bottom line is, we're
Speaker 9: going to get as much done as we possibly can
Speaker 9: get done.
Speaker 2: And Senator Mike Grounds of South Dakota on Bloomberg's Balance
Speaker 2: of Power, Senate Minority Leader Chunk Schumer told reporters that quote,
Speaker 2: both sides are working in a serious way. The Senate
Speaker 2: has been at odds over two Democratic demands that DHS
Speaker 2: agents obtain warrants from judges before entering homes and that
Speaker 2: federal agents stop wearing masks.
Speaker 3: Man with the DHS still shut down, Karen Mark, Wayne
Speaker 3: Mullen has been confirmed to be its next secretary.
Speaker 7: On this vote, the eyes are fifty four, the Naser
Speaker 7: forty five.
Speaker 10: The nomination of Mark Wayne Mullen of Oklahoma to be
Speaker 10: Secretary of Homeland Security is confirmed.
Speaker 3: It was the Senate vote mostly long party lines, confirming
Speaker 3: the first term Republican senator and former mixed martial arts
Speaker 3: fighter who's been a staunch defender of President Trump's deportation program.
Speaker 3: Federal funding, as we said, has been shut down for
Speaker 3: the DHS since mid February due to disagreements over immigration
Speaker 3: enforcement tactics and demands for restrictions. Mark Wayne Mullen places
Speaker 3: Christinam as DHS Secretary, well.
Speaker 2: Over sees Nathan. The European Union and Australia have agreed
Speaker 2: to a free trade deal after almost a decade of negotiations.
Speaker 2: Both parties are working to shield their economies from US
Speaker 2: tariffs and China's restrictions on critical minerals. Here's European Commission
Speaker 2: President Ursula Vonderlion.
Speaker 11: Today, we are telling an important story to a world
Speaker 11: that is deeply changing, a world where great powers are
Speaker 11: using tariffs as a leverage and supply chains as vulnerabilities
Speaker 11: to be exploited in our story Open WOS based trade
Speaker 11: delivers positive sum outcomes. Trust matters more than transactions.
Speaker 2: European Commission President Ursula Vonderlion says the agreement will now
Speaker 2: need to be signed off by EU countries and approved
Speaker 2: by both parliaments.
Speaker 3: Hey, Karen, Well, the markets may close on Fridays, the
Speaker 3: world does not. That is why we are bringing you
Speaker 3: a new live radio and tiar t show, Bloomberg This Weekend,
Speaker 3: looks beyond the daily headlines to the bigger themes striving politics,
Speaker 3: business and culture. So joined David Gera, Christina Raffini, and
Speaker 3: Lisa Matteo for smart conversations and in depth interviews that
Speaker 3: help make sense of the week that's been and what
Speaker 3: comes next. You get Bloomberg This Weekend live every weekend,
Speaker 3: Saturdays and Sundays from seven am Eastern on Bloomberg Radio,
Speaker 3: Bloomberg Television, and the Bloomberg Business App.
Speaker 2: Time now for a look at some of the other
Speaker 2: stories making news in New York and around the world.
Speaker 2: And for that we're joined by Bloomberg's John Tucker. John
Speaker 2: Good Morning, Good Morning, Careen.
Speaker 12: The Supreme Court signaled a divide over Republican calls to
Speaker 12: require mail in ballots to arrhyme by election day. Let's
Speaker 12: get the story this morning from Bloomberg's Matt pinker Key.
Speaker 13: Justice's voice concern about the impact of the case might
Speaker 13: have on the practice of early voting. Chief Justice John
Speaker 13: Roberts suggests that he was not convinced by Trump administration
Speaker 13: contentions that later arriving ballads could be outlawed without also
Speaker 13: undermining early voting. Hearing that lasted more than two hours Monday,
Speaker 13: the court grappled with a Mississippi law that allows mail
Speaker 13: in ballots to be counted as long as they arrive
Speaker 13: within five business days of election day. Dozens of states
Speaker 13: allow at least some ballots to be counted after election day.
Speaker 5: I'm Matt Piper Bloomberg Radio.
Speaker 12: The Trump administration has initiated two new investigations into Harvard University.
Speaker 12: It comes over alleged anti semitism on campus and racially
Speaker 12: discriminatory admissions practices. Two people on board a small helicopter
Speaker 12: were killed when it crashed into a warehouse in Boyden Beach, Florida, Monday,
Speaker 12: by a rescue battalion. Chief Max Accidine says it happened
Speaker 12: just after noon upon arrival.
Speaker 7: We did find one small helicopter inside one of the
Speaker 7: buildings that crashed through the roof. There are no survivors.
Speaker 12: The FAA and NTSP or investigating. The Federal Communications Commission
Speaker 12: has ordered a ban on the import of new models
Speaker 12: of foreign produced consumer wireless routers. The move comes after
Speaker 12: an inter agency panel determined the threatened national security. The
Speaker 12: move could dramatically shake up the market for routers, which
Speaker 12: are primarily made overseas. Global news twenty four hours a
Speaker 12: day and whenever you want it with Bloomberg News. Now.
Speaker 12: I'm John Tucker, and this is Bloomberg.
Speaker 2: Karen nys Sean time now for our Bloomberg Sports Update,
Speaker 2: and for that we bring in John stash Hour.
Speaker 10: Thanks Karen. Making twelves great wins for the Oklahoma City Thunder,
Speaker 10: the defending NBA champions who have the best record this year.
Speaker 10: It easy win in Philadelphia. S and Antonio got thirty
Speaker 10: six from Victor Webban Yama in a twenty five point
Speaker 10: rout of Miami. The Lakers nine game win streak came
Speaker 10: to an end, lost by three in Detroit. Three top
Speaker 10: seeds advancing of the Sweet sixteen and the NCAA women's tournament,
Speaker 10: including Yukon, who's undefeated. South Carolina won its game by
Speaker 10: forty also advancing UCLA. That's your Bloomberg Sports update.
Speaker 3: Stay with us.
Speaker 2: More from Bloomberg day Break coming up after this.
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Speaker 1: This is Bloomberg Daybreak.
Speaker 10: Good morning.
Speaker 3: I'm Nathan Hager on day twenty five of the US
Speaker 3: Israeli war where they ron. Fighting continues across the Middle East,
Speaker 3: even as President Trump says talks are underway to try
Speaker 3: to end the conflict.
Speaker 4: We were planning tomorrow on shooting down some of their
Speaker 4: power plants, and we're not going to be going to
Speaker 4: hold that up. Hopefully we won't.
Speaker 5: Have to do it.
Speaker 3: I was the President at a roundtable discussion yesterday in Memphis.
Speaker 3: This morning, we're joined from Dubai by Bloomberg Middle East
Speaker 3: correspondent Jumana Bursecci, the anchor of Bloomberg Horizons. Jumana, good morning,
Speaker 3: Thanks again for being with us. What is the latest
Speaker 3: in terms of the fighting, Well, if I had.
Speaker 14: To summarize the last twenty four hours, I would say
Speaker 14: there has been an attempt to de escalate or at
Speaker 14: least to reopen the diplomatic channels, but the war is
Speaker 14: still very much ongoing, and what we've seen overnight is
Speaker 14: continual joint U US Israeli military strikes different parts of Iran,
Speaker 14: Iran retaliating against Gulf States, against Tel Aviv, incoming missiles
Speaker 14: intercepted and also one of them actually managing to sustain
Speaker 14: a significant amount of damage on one of the streets
Speaker 14: of Tel Aviv. Sirens going off in Behinan, Kuwait city
Speaker 14: also and more interceptions being reported in Saudi Arabia. So yes,
Speaker 14: there's been an attempt to revive the sort of indirect
Speaker 14: negotiations between US and Iran, but the war still goes on.
Speaker 3: Well, what do't we know, Jumana about these indirect discussions.
Speaker 3: A president seems to be indicating that they've been direct,
Speaker 3: but we've been hearing from Iranian officials that there haven't
Speaker 3: been any discussions either way going on.
Speaker 14: Correct. So we've heard from some official more official voices
Speaker 14: in Iran, including the Speaker of the House and the
Speaker 14: Deputy Speaker of the House, and both of them has
Speaker 14: said that there have been no direct negotiations taking place.
Speaker 14: But later in the evening we understood that several indirect
Speaker 14: mediation attempts have been going on, and this really being
Speaker 14: put forward by the nations in the region that have
Speaker 14: not been targeted by Iran, And here I'm talking about Egypt,
Speaker 14: about Turkey to a certain extent, Oman which is traditionally
Speaker 14: played a mediator role, and even Pakistan looking also to
Speaker 14: get involved in potential mediation talks. We understand that the
Speaker 14: Iranian foreign minister has had talks with several of his
Speaker 14: foreign minister counterparts, but again unclear at this stage what
Speaker 14: the substance of those negotiations entail, and whether or not
Speaker 14: there's going to be some in person meeting later in
Speaker 14: the week, as has been suggested by other outlets.
Speaker 3: Now, what more are we hearing about why the president
Speaker 3: had backed off this threat that we know about from
Speaker 3: last weekend, this forty eight hour ultimatum to go after
Speaker 3: Iran's power plans.
Speaker 14: So our colleagues on Bloomberg News side wrote a very
Speaker 14: interesting article overnight talking about the influence and the pressure
Speaker 14: that Gulf ally is put on President Trump to backtrack
Speaker 14: away from those threats to strike airring and infrastructure particularly
Speaker 14: the power plants because of fears of reprisal. Number one
Speaker 14: about what that could mean for power plants, infrastructure, water
Speaker 14: desalination plants in the region, but also number two, the
Speaker 14: real risk that this could spiral into something short of
Speaker 14: a disaster. This is the quotes from the article, because
Speaker 14: their thinking is, if you continue to wipe out civilian
Speaker 14: infrastructure in Iran, what are the people of Iran going
Speaker 14: to be left with. If you are talking about ultimately
Speaker 14: regime change or uprising on the people, you have to
Speaker 14: give them a chance to be able to live and
Speaker 14: to survive. And if you continue to target civilian infrastructure,
Speaker 14: then you're removing that possibility. The last thing that anyone
Speaker 14: in the region wants is chaos on their doorsteps. So
Speaker 14: it looks as though many of these golf states actually
Speaker 14: did manage to restrain President Trump from going down that path.
Speaker 14: Hence the five day window bit. Again, a lot can
Speaker 14: change in the next couple of days.
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