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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning. I'm Karen Moscow and I'm John Tucker. Here

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Speaker 2: are these stories we're following today.

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Speaker 3: Well, John, the apparent stabilization in the energy and equity Marcus.

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Speaker 3: This morning comes as the US and Israel reassure world

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Speaker 3: leaders and investors they will no longer target energy infrastructure

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Speaker 3: in Iran. Oil and gas prices have surged this week

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Speaker 3: following strikes from both sides. As heard right here on

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Speaker 3: Bloomberg Radio, President Trump said he told Israeli Prime Minister

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Speaker 3: Benjamin Att and Yahoo to stop attacking Iranian oil and

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Speaker 3: gas fields.

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Speaker 4: I told him, don't do that, and he won't do that.

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Speaker 4: We didn't discuss, you know, we do. We're independent. We

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Speaker 4: get along great, it's coordinated. But on occasion he'll do

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Speaker 4: something and if I don't like it, and so we're

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Speaker 4: not doing that anymore.

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Speaker 3: And President Trump also told the reporters he is not

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Speaker 3: putting troops anywhere. If I were, I certainly wouldn't tell you.

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Speaker 2: It is really Prime Minister Bevinia Benetna, who said his

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Speaker 2: country would no longer target energy infrastructure after its attack

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Speaker 2: on an Iranian gas field that sparked retaliatory strikes.

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Speaker 5: Israel acted alone against the SLOWEA gas compound. Fact number two.

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Speaker 6: President Trump asked us to hold off on future attacks,

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Speaker 6: and we're holding out.

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Speaker 2: Benjaminetna, whose comments came after Israeli officials previously said they

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Speaker 2: had to inform the US about the attack.

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Speaker 3: Still John Oil heading for another weekly gain as the

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Speaker 3: war in the Middle East drags on. The straight up

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Speaker 3: Horor Moves is on but closed, and analysts warned that

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Speaker 3: the crisis may deepen. Well Kennedy covers the oil markets

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Speaker 3: for Bloomberg.

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Speaker 6: Ivon has throughout this conflict and continues to strike energy infrastructure.

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Speaker 6: It has from the beginning hit refineries throughout the region,

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Speaker 6: and we saw enough strike this morning on a Qight refinery.

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Speaker 6: So there hasn't been a stop to this strikes on

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Speaker 6: energy infrastructure in the region. But as long as holl

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Speaker 6: Moves is closed, the energy problems will remain. The main

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Speaker 6: fundamental driver of energy markets right now is a straight

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Speaker 6: up Hoar Moos, which is normally responsible for twenty percent

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Speaker 6: of the world's energy flows, is effectively shut. We're probably

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Speaker 6: losing about half of that ten million dollars a day roughly.

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Speaker 6: That's unsustainable and less places go much much much higher, and.

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Speaker 3: As blimbers will Kennedy and other energy markets, European natural

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Speaker 3: gas futures surge to almost double their pre war level.

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Speaker 3: Fuel prices also climbed, with central bankers warning that the

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Speaker 3: conflict carries the risks of tighter monetary policy.

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Speaker 7: And care in.

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Speaker 2: Tensions between the UNS and Japan over the around world

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Speaker 2: remained evident as President Trump hosted the Prime Minister Sunday

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Speaker 2: tuki Ichi at the White House. Your President Trump's response

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Speaker 2: when a reporter has them why the US hadn't inform

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Speaker 2: Japan and European allies in advance of his striking Iran

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Speaker 2: One thing.

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Speaker 4: You don't want to signal too much. You know, when

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Speaker 4: we go in, we went in very hard, and we

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Speaker 4: didn't tell anybody about it because we wanted surprise. Who

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Speaker 4: knows better about surprise than Japan?

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Speaker 3: Okay?

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Speaker 7: Why didn't you tell me about Pearl Harbor? Okay?

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Speaker 2: Japanese Prime Minister's Sonatakichi's slight smile appeared to drop. She

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Speaker 2: raised her eyebrows. However, President Trump and the Prime Minister

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Speaker 2: otherwise exchanged warm words during their White House meeting, including

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Speaker 2: him calling her a popular, powerful, woman well.

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Speaker 3: John the Director of National Intelligence. Telsey Gabbard acknowledge to

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Speaker 3: lawmakers at the US and Israel have different goals for

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Speaker 3: their joint military campaign in Iran, and Bloomberg's Amy Morris

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Speaker 3: has more from Washington.

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Speaker 8: Gabard says the Trump administration's goals are centered on degrading

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Speaker 8: Iran's military, but Israel's aim is to remove Iran's leadership.

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Speaker 9: We can see through the operations that the Israeli government

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Speaker 9: has been focused on disabling the Iranian leadership and taking

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Speaker 9: out several members, obviously beginning with the Ayatola and the

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Speaker 9: Supreme Leader.

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Speaker 8: The conflict has led to Iranian retaliation against several Gulf

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Speaker 8: countries and strained US ties with allies in Europe. Gabbard

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Speaker 8: says she does not know if Israel supports President Trump's

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Speaker 8: desire for a deal with Iran. She was on Capitol

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Speaker 8: Hill for a House Committee hearing on Global threats in Washington.

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Speaker 8: Amy Moore as Bloomberg Radio.

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Speaker 2: And in other news this morning. The Justice Department has

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Speaker 2: sent a subpoena to former FBI and director James call Mey.

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Speaker 2: This is part of an investigation into whether former law

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Speaker 2: enforcement and intelligence officials waged a conspiracy against President Trump.

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Speaker 2: The subpoena seeks information about Comby's role in putting together

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Speaker 2: an intelligence assessment about rudj's interference in the twenty sixteen

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Speaker 2: presidential election.

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Speaker 3: John, let's turn to the Marcus, where stocks are on

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Speaker 3: track for a third straight week of losses and it

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Speaker 3: could be another volatile session as we close out the

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Speaker 3: trading week. It is triple Witching day on Wall Street.

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Speaker 3: Bloomberg's Tom Busby has more on what to look for.

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Speaker 10: Wall Street bracing for what could it be an unusually

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Speaker 10: volatile day because of a large number of stock index

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Speaker 10: and ETF options expiring today roughly five point seven trillion

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Speaker 10: dollars worth now this triple which in comes at a

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Speaker 10: troubling time for the markets, with the war and Iran

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Speaker 10: about to enter its fourth week, oil prices at multi

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Speaker 10: year highs, and a lot of traders now lowering their

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Speaker 10: bets for any interest rate cuts from the Fed this

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Speaker 10: year in order to keep an expected jump in inflation

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Speaker 10: somewhat in check. Tom Busby, Bloomberg Radio.

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Speaker 2: Thanks Tom, and in company who shares Fedax. They're up

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Speaker 2: more than ten percent in early trading, but raising their

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Speaker 2: full year profit forecast. FedEx says it does not expect

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Speaker 2: the war in the Middle East to have a direct

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Speaker 2: material impact on its business.

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Speaker 3: Well in the US says charged a super Microcomputer co

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Speaker 3: founder with sending AI technology to Asia. John Prosecutor's charge

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Speaker 3: Yi Shwan wally Leau in a scheme to send US

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Speaker 3: assembled servers containing in videos cutting edge chips to China

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Speaker 3: and violation of UX export controls. The indictment marks the

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Speaker 3: big is chip smuggling case prosecutors have pursued since first

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Speaker 3: restricting in video shipments to China. On twenty twenty two,

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Speaker 3: shares of super microw aer down twenty two percent in

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Speaker 3: early trading.

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Speaker 2: And Open Ai developing a desktop application to bring together

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Speaker 2: its popular chat GPT, chat pot coding tool and web browser.

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Speaker 2: That's an effort to keep users engaged in the face

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Speaker 2: of fierce competition for rivals like Anthropic. It's unclear when

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Speaker 2: the application.

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Speaker 3: Is going to launch, and we have a programming note.

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Speaker 3: John markets make Clowse on Fridays, but the world does not.

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Speaker 3: And that's why we're bringing you a new live radio

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Speaker 3: and TV show, Bloomberg this weekend is looking beyond the

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Speaker 3: daily headlines. So the bigger themes driving politics, business and culture.

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Speaker 3: Joined David Gera, Christina Raffini, and Lisa Matteo for smart

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Speaker 3: conversations and in depth interviews that help make sense of

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Speaker 3: the week that's been and what comes next. Get Bloomberg

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Speaker 3: This Weekend Live Saturdays and Sundays from seven am Eastern

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Speaker 3: on Bloomberg Radio, TV and the Bloomberg Business App.

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Speaker 2: It's five Wait on Wall Street time for look at

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

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Speaker 2: and around the world. And for that we're joined by

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Speaker 2: Bloomberg's Michael Barr. Thank you very much, John. The TSA

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Speaker 2: callout raid has grown. It's nearly forty percent at Hartsfield

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Speaker 2: Jackson Atlanta International Airport. Agents haven't been paid due to

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Speaker 2: the February twenty seventh partial government shutdown over immigration reforms.

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Speaker 2: Because of the call out, security waight times are growing

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Speaker 2: for travelers. Ricky Smith is the general manager of Hartsfield Atlanta.

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Speaker 2: He suggests passengers arrive at least three hours before a

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Speaker 2: flight's departure time.

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Speaker 11: The lines are steady, they moving because TSA work is

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Speaker 11: a continue to provide professionalism that we expect them to.

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Speaker 11: So the lines are moving and passengers are getting to

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Speaker 11: their flights. It's just taking a little more time for

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Speaker 11: them to get to the security check once.

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Speaker 5: Meanwhile, the Senate has unanimously passed a bill that ends

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Speaker 5: a congressional perk which allows federal lawmakers to skip the

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Speaker 5: TSA secure line at the airport at least until the

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Speaker 5: homeland security shut down ends. The measure was introduced by

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Speaker 5: Senator John Cornyt.

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Speaker 8: Maybe, just maybe, if Congress has to live under the

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Speaker 8: same laws that everybody else does, it will motivate us

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Speaker 8: to get our.

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Speaker 5: Work done, Republican Senator John Cornyn. The bill now goes

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Speaker 5: to the House. We're learning two planes nearly collided as

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Speaker 5: they were landing at Newark Airport in New Jersey. The

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Speaker 5: incident happened Tuesday night. Flight radar shows and Alaska Airlines

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Speaker 5: seven point thirty seven was told by air traffic controllers

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Speaker 5: to go around just as it was about to land

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Speaker 5: because a FedEx Triple seven cargo plane was approaching on

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Speaker 5: an intersecting runway. The pilots pushed the engines, they went

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Speaker 5: back up, and they cleared the FedEx's plane by just

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Speaker 5: three hundred feet. The FAA is investigating. Spanish authorities say

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Speaker 5: they have found the body of missing University of Alabama

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Speaker 5: college student James Jimmy Gracie from Illinois, who was missing

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Speaker 5: for more than two days. The body of the twenty

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Speaker 5: year old was found last evening in the waters off

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Speaker 5: of Barcelona Beach, near where he was last seen outside

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Speaker 5: a nightclub with his friend's early Tuesday. While on spring

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Speaker 5: Break Global News twenty four hours a day and whenever

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Speaker 5: you wanted with Bloomberg News Now, I'm Michael Varr, and

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Speaker 5: this is Bloomberg.

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Speaker 7: Thanks Michael.

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Speaker 3: Time now for our Bloomberg scores update, and for that

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Speaker 3: we bring in Dan Schwartzman.

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Speaker 7: March Madness field was sixty four got underway with top

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Speaker 7: seed Duke Havin to comeback from an eleven point halftime

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Speaker 7: deficit to beat Sienna. That were some major upsets to

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Speaker 7: twelve seed high points done Wisconsin. Eleven seed Vcu erased

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Speaker 7: a nineteen points second half deficit to knockoff North Carolina

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Speaker 7: in overtime, while eleven seeded Texas got past BYU. The

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Speaker 7: Lakers remained red hot as La knocked off the Heat

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Speaker 7: one thirty four to one to twenty six behind sixty

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Speaker 7: points from Luka Doncic. Elsewhere, the Spurs slip past the

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Speaker 7: Sun's one to one to one hundred, while the Magic

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Speaker 7: lost to the Hornets one thirty to one eleven. Close

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Speaker 7: to ten point eight million viewers tuned in to watch

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Speaker 7: Venezuela's thrilling three to two win over the United States

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Speaker 7: in the final of the World Baseball Classic. That's almost

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Speaker 7: twice a number of viewers who watched the US spat

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Speaker 7: Japan in twenty twenty three. That's your Bloomberg Sports Update.

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Speaker 8: Stay with us.

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Speaker 3: More from Bloomberg day Break 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, and.

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Speaker 3: We are nearing the end of the third week of

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Speaker 3: the war with Iran. Israel Is saying it will no

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Speaker 3: longer target energy infrastructure after an attack on an Iranian

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Speaker 3: gas field spark retaliatory strikes against energy assets across the

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Speaker 3: Middle East, and that caused oil and gas prices to surge,

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Speaker 3: and it prompted a rebuke from President Trump. We want

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Speaker 3: to get the very latest at Bloomberg's Dumana Bversecchi in

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Speaker 3: Dubai Jumana, Good morning. What we did hear that Israel

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Speaker 3: in the US may be refraining from attacks on energy

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Speaker 3: infrastructure going forward, but it really doesn't mean Iran is

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Speaker 3: what's the latest on the fighting.

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Speaker 12: Yeah, that's right, And to your point, I think there

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Speaker 12: was an attempt to at least de escalate one part

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Speaker 12: of the war yesterday, which is specifically the Israeli attacks

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Speaker 12: on those gas fields in Iran, which was deemed to

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Speaker 12: be a red line, and President Cheoump visibly trying to

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Speaker 12: put a distance between himself and the military action that

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Speaker 12: Israel conducted, and actually was interesting to hear from Israeli

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Speaker 12: Prime Minister last night and he said that they did

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Speaker 12: act solo and upon the US's request, they are not

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Speaker 12: going to be targeting energy infrastructure anymore. Now that's not

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Speaker 12: to say that strikes on infrastructure is still not taking

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Speaker 12: place as we understand. There was a heavy wave of

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Speaker 12: air strikes over central Tehran overnight as well, but in retaliation,

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Speaker 12: I mean, Iran keep going and they keep lashing out

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Speaker 12: at Gulf allies. Overnight, more rounds of attempted attacks on

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Speaker 12: some key refineries in the region, another refinery in Kuwait

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Speaker 12: this morning announcing that it is halting production. This is

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Speaker 12: the second day in a road that it's been targeted.

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Speaker 12: They've also launched projectiles towards Saudi Arabia once again towards

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Speaker 12: their eastern oil fields, the northern part of Saudi Arabia.

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Speaker 12: Even yesterday an attempt on that Yanbu port on the

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Speaker 12: Red Seas, so not even on the Persian Gulf. So

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Speaker 12: the strikes on energy continue. But I think one thing

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Speaker 12: that has become apparent from the US and is really

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Speaker 12: perspective is the strikes on the Iran gas field are

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Speaker 12: I mean the plan it's for that not to be

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Speaker 12: repeated again out of the fear of how Iran could

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Speaker 12: respond specifically on some of those Gulf allies energy infrastructure.

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Speaker 3: And as you discussed all the finding that's still going on.

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Speaker 3: We did hear Benjaminett. Yeaho's sounding more optimistic that the

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Speaker 3: war could be over soon, but it really doesn't sound

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Speaker 3: like there's any sign of that.

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Speaker 12: No, absolutely not. And to what I was saying yesterday,

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Speaker 12: the military operations have continued overnight. A massive wave of

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Speaker 12: air strikes is what the ADF IDF have been describing,

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Speaker 12: and I think you know from their perspective, it's still

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Speaker 12: very clear that the key military objectives has still not

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Speaker 12: been achieved, even though so far they're happy with the

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Speaker 12: progress that has been made, and we're perhaps getting a

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Speaker 12: little bit more color on what those military objectives actually

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Speaker 12: are in terms of degrading Iran's military capabilities, degrading their

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Speaker 12: nuclear capabilities, the radication of their naval force, or complete

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Speaker 12: demolition of their naval forces is the term that US

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Speaker 12: President Trump has used. But then, interesting enough, overnight we

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Speaker 12: had some comments as well from Telsey Gobbert, the US

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Speaker 12: National Security Chief, and she was saying that there is

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Speaker 12: a bit of a divergence between the US's objectives and

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Speaker 12: Israel's objectives in that Israel perhaps have one step further,

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Speaker 12: which is that maybe one of their explicit objectives is

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Speaker 12: to see a change in leadership rights For the US.

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Speaker 12: It's mainly focused on the degradation of military power.

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Speaker 3: And as the fighting spreads as well, are we also

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Speaker 3: getting closer where we could see other nations coming in,

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Speaker 3: And if other nations come in, could that mean more

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Speaker 3: objectives come in as well and possibly change what we're

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Speaker 3: looking at here.

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Speaker 12: I think you have to think of that through the

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Speaker 12: framework of one what the US administration is trying to

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Speaker 12: do to reopen the strait, because as long as the

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Speaker 12: Strait of Homers remains closed, you're going to continue to

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Speaker 12: see this upward pressure on oil prices, on energy prices,

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Speaker 12: on gas prices, as we've been talking about the last

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Speaker 12: couple of weeks, and so far, countries around the world

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Speaker 12: have been very noncommittal in terms of willing to sign

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Speaker 12: up to those maritime missions because they don't want to

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Speaker 12: get involved in the war. But then the other way

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Speaker 12: to think about it as well is yesterday's actions and

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Speaker 12: the strike on Katar on Restafan facility was so significant

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Speaker 12: that we are seeing a shift and tone out of

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Speaker 12: some of these Gulf nations. And I will say that

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Speaker 12: it was really interesting to hear from the Saudi Foreign

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Speaker 12: Affairs Minister the night of those attats. He said that

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Speaker 12: Saudi Arabia's patients is not unlimited and they reserve the

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Speaker 12: rights to respond either politically or non politically.

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