WEBVTT - Iran & Israel Trade Attacks, Security Increased at MSG Ahead of Trump Visit

0:00:02.560 --> 0:00:07.080
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:10.000 --> 0:00:13.200
<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

0:00:13.200 --> 0:00:14.960
<v Speaker 2>are the stories we're following today.

0:00:16.239 --> 0:00:19.160
<v Speaker 3>Karen, we begin with a tense situation in the Middle East.

0:00:19.239 --> 0:00:23.400
<v Speaker 3>Israel and Iran have been exchanging missile attacks, despite calls

0:00:23.400 --> 0:00:26.840
<v Speaker 3>from President Trump on both sides to stop the fighting.

0:00:27.160 --> 0:00:29.480
<v Speaker 3>In a wide ranging interview with NBC's Meet the Press

0:00:29.520 --> 0:00:32.360
<v Speaker 3>heard Sundays on Bloomberg Radio, the President said he still

0:00:32.360 --> 0:00:33.800
<v Speaker 3>thinks a deal is possible.

0:00:34.040 --> 0:00:36.839
<v Speaker 4>We're very close. We have a couple of points. They

0:00:36.840 --> 0:00:39.480
<v Speaker 4>don't even seem like big points. They've conceded the fact

0:00:39.479 --> 0:00:41.360
<v Speaker 4>that they will not have nuclear weapons.

0:00:41.440 --> 0:00:43.800
<v Speaker 3>And in a separate interview at the Financial Times, President

0:00:43.840 --> 0:00:46.920
<v Speaker 3>Trump said Israeli Prime Minister Benjamin Netanyahu would have to

0:00:46.960 --> 0:00:50.000
<v Speaker 3>accept any US deal with Iran, saying, quote, I call

0:00:50.120 --> 0:00:53.680
<v Speaker 3>the shots. We get more from Bloomberg sabirabu Omar in Dubai.

0:00:53.760 --> 0:00:56.280
<v Speaker 5>The ceasefire, the true stocks have been in a fragile

0:00:56.320 --> 0:01:00.000
<v Speaker 5>state since the initial ceasefire was reached on April eighth,

0:01:00.280 --> 0:01:02.320
<v Speaker 5>But what we've seen over the past couple of days

0:01:02.440 --> 0:01:05.440
<v Speaker 5>really complicates things. Right, So what we've seen over on Sunday,

0:01:05.560 --> 0:01:10.520
<v Speaker 5>is Hesbelah in Lebanon and Israel trading fires. Israel had

0:01:10.560 --> 0:01:14.160
<v Speaker 5>retaliated to an attack by Hasbullah on the northern part

0:01:14.160 --> 0:01:18.920
<v Speaker 5>of Israel to attacking the southern suburbs of Beirut, killing

0:01:19.000 --> 0:01:20.920
<v Speaker 5>people and injuring others, and.

0:01:21.000 --> 0:01:23.959
<v Speaker 3>Now Bloomberg's of Birab Bomar reports Israeli Army radio saying

0:01:23.959 --> 0:01:27.840
<v Speaker 3>Iran has fired about thirty missiles at Israel since last night.

0:01:28.040 --> 0:01:30.720
<v Speaker 3>An Iranian official says the US is responsible for the

0:01:30.720 --> 0:01:33.399
<v Speaker 3>consequences of any escalation in the Middle East, and.

0:01:33.480 --> 0:01:36.000
<v Speaker 2>Nathan there's a new risk of escalation in the Strait

0:01:36.000 --> 0:01:38.840
<v Speaker 2>of Horror moves. The Iran backed Huthis and Yemen have

0:01:38.920 --> 0:01:42.000
<v Speaker 2>declared a ban on Israeli ships in the Red Sea,

0:01:42.240 --> 0:01:45.440
<v Speaker 2>threatening a key bypass route to the waterway that handles

0:01:45.440 --> 0:01:46.320
<v Speaker 2>about a fifth.

0:01:46.160 --> 0:01:47.680
<v Speaker 6>Of global oil flows.

0:01:47.960 --> 0:01:51.080
<v Speaker 2>The Huthis previously began attacking ships in twenty twenty three

0:01:51.120 --> 0:01:54.200
<v Speaker 2>after the outbreak of war between Israel and Hamas and Gaza.

0:01:54.320 --> 0:01:56.920
<v Speaker 2>They largely sent out the war in Iran, but have

0:01:57.040 --> 0:02:00.880
<v Speaker 2>repeatedly warned they could close the Bob al Mandeb straight

0:02:01.040 --> 0:02:03.760
<v Speaker 2>that leads from the Red Sea to the Indian ocean.

0:02:03.880 --> 0:02:06.720
<v Speaker 3>Well, let's turn out to politics, Karen, there is a

0:02:06.840 --> 0:02:10.080
<v Speaker 3>new turn in the race for mayor of Los Angeles.

0:02:10.120 --> 0:02:13.160
<v Speaker 3>Bloomberg's John Tucker joins us with the latest John.

0:02:13.040 --> 0:02:16.560
<v Speaker 7>And Nathan is More mailion ballots are counted. Democratic Los

0:02:16.560 --> 0:02:21.480
<v Speaker 7>Angeles council member Nthea Ramin has surge pass Republican reality

0:02:21.520 --> 0:02:25.840
<v Speaker 7>TV personality Spencer Pratt. Ramen, who initially trailed Pratt by

0:02:26.000 --> 0:02:28.880
<v Speaker 7>eight percentage points, closed the gap as the mail and

0:02:29.000 --> 0:02:31.880
<v Speaker 7>ballots were counted over the weekend. And that's a protracted

0:02:31.960 --> 0:02:35.200
<v Speaker 7>process in California that can drag on for weeks. Robin

0:02:35.240 --> 0:02:37.639
<v Speaker 7>had twenty seven point one percent of the votes counted

0:02:37.680 --> 0:02:41.320
<v Speaker 7>so far, Prant twenty six point seven percent. Both are

0:02:41.360 --> 0:02:44.760
<v Speaker 7>vying to compete in a November third runoff against Mayor

0:02:44.840 --> 0:02:47.400
<v Speaker 7>Karen Bass, who has thirty four point seven percent of

0:02:47.400 --> 0:02:50.040
<v Speaker 7>the vote. The forty four year old Ramen has favored,

0:02:50.080 --> 0:02:53.920
<v Speaker 7>among other things, cutting spending on police. Her leftist politics

0:02:53.960 --> 0:02:58.560
<v Speaker 7>prompted comparisons with Zornbumdani, a Pellow Democratic socialist who swept

0:02:58.560 --> 0:03:02.440
<v Speaker 7>to victory as New York's I'm John Tucker Bloomberg Radio Right.

0:03:02.400 --> 0:03:04.880
<v Speaker 2>John, Thank you well. California is vote count led to

0:03:04.919 --> 0:03:07.560
<v Speaker 2>a testy exchange in an abrupt end to President Trump's

0:03:07.600 --> 0:03:11.640
<v Speaker 2>interview on NBC's Meet the Press. Host Kristin Welker first

0:03:11.680 --> 0:03:14.440
<v Speaker 2>asked about the so called Anti Weaponization Fond of the

0:03:14.560 --> 0:03:17.320
<v Speaker 2>Justice Department. The President called it a great idea and

0:03:17.400 --> 0:03:19.720
<v Speaker 2>said he'd been interested in reviving it.

0:03:20.200 --> 0:03:24.800
<v Speaker 8>People have been badly heard. They've committed suicide, they've lost

0:03:24.840 --> 0:03:27.560
<v Speaker 8>their jobs, they've lost their families, they've lost their wives,

0:03:27.560 --> 0:03:33.480
<v Speaker 8>they've lost everything. They've lost everything over a fake weaponization

0:03:33.680 --> 0:03:34.280
<v Speaker 8>of government.

0:03:34.360 --> 0:03:37.080
<v Speaker 2>But the conversation took a turn when Welker challenged the

0:03:37.080 --> 0:03:40.360
<v Speaker 2>President on his claims that the slow vote County, California

0:03:40.520 --> 0:03:41.880
<v Speaker 2>proves the election was rigged.

0:03:42.040 --> 0:03:44.640
<v Speaker 8>Do you think it's appropriate that they have an election

0:03:45.000 --> 0:03:47.920
<v Speaker 8>and five days later they're nowhere close to pick it a.

0:03:48.240 --> 0:03:50.720
<v Speaker 3>Local officials acknowledge they are slow.

0:03:50.400 --> 0:03:51.160
<v Speaker 6>They're urging.

0:03:51.320 --> 0:03:51.840
<v Speaker 8>They're crooked.

0:03:51.840 --> 0:03:53.120
<v Speaker 9>There urging the votes to.

0:03:53.040 --> 0:03:53.760
<v Speaker 6>Be counted quickly.

0:03:53.800 --> 0:03:56.360
<v Speaker 4>That's how they very crooked, just like your crooked, Your

0:03:56.360 --> 0:03:58.600
<v Speaker 4>press's crooked, and Meet the President's crooked.

0:03:58.880 --> 0:04:02.880
<v Speaker 2>President Trump then walked out of the interview, calling ABC, CBS,

0:04:02.960 --> 0:04:05.800
<v Speaker 2>CNN and NBC one sided networks.

0:04:05.880 --> 0:04:07.960
<v Speaker 3>Well tonight, Karen, President Trump's going to be in New

0:04:08.040 --> 0:04:10.800
<v Speaker 3>York City for Game three of the NBA Finals, and

0:04:10.840 --> 0:04:14.720
<v Speaker 3>the extra security means major changes for Knicks fans watching

0:04:14.760 --> 0:04:18.880
<v Speaker 3>the game inside and outside Madison Square Garden. Bloomberg's John

0:04:18.960 --> 0:04:20.760
<v Speaker 3>stash Hour joins us with more on that.

0:04:20.839 --> 0:04:24.560
<v Speaker 1>John, Yeah, Nathan, the watch party outside MSG was scrapped.

0:04:24.600 --> 0:04:27.240
<v Speaker 1>The NYPD said the decision was made in conjunction with

0:04:27.360 --> 0:04:30.320
<v Speaker 1>the Secret Service, and there is extra security tonight with

0:04:30.360 --> 0:04:32.640
<v Speaker 1>the President in attendance. Nixts haven't played at the Garden

0:04:32.680 --> 0:04:34.440
<v Speaker 1>in two and a half weeks since May twenty first

0:04:34.760 --> 0:04:37.159
<v Speaker 1>two wins in Cleveland, of course, two thrillion wins in

0:04:37.200 --> 0:04:39.880
<v Speaker 1>San Antonio, and that's why Karl Anthony Towns the NIXT

0:04:39.920 --> 0:04:43.280
<v Speaker 1>bring a two to nothing Finals leads to tonight's Game three.

0:04:43.440 --> 0:04:45.000
<v Speaker 9>It's always great when you get to play the game

0:04:45.000 --> 0:04:48.240
<v Speaker 9>of basketball at his highest level. So to be able

0:04:48.279 --> 0:04:49.719
<v Speaker 9>to lace the shoes up, be able to put the

0:04:49.760 --> 0:04:53.279
<v Speaker 9>jersey on, and be able to see our fans see

0:04:53.279 --> 0:04:55.480
<v Speaker 9>finals basketball after all, this time is going to be

0:04:55.560 --> 0:04:56.320
<v Speaker 9>really really special.

0:04:56.360 --> 0:04:58.840
<v Speaker 1>Tickets said to be going about ten thousand dollars up high,

0:04:58.839 --> 0:05:01.160
<v Speaker 1>and it's close to one hundred grand down loan. More

0:05:01.160 --> 0:05:03.520
<v Speaker 1>on Game three coming up in sports, John stash Aware,

0:05:03.520 --> 0:05:04.240
<v Speaker 1>Bloomberg Radio.

0:05:04.279 --> 0:05:07.320
<v Speaker 2>All right, sounds good, thanks John, Speaking of security concerns.

0:05:07.400 --> 0:05:10.480
<v Speaker 2>Less than a day before thousands of fans are expected

0:05:10.520 --> 0:05:14.160
<v Speaker 2>to descend on neighboring Madison Square Garden, six people were

0:05:14.200 --> 0:05:17.640
<v Speaker 2>injured in a stabbing inside New York's Penn Station. A

0:05:17.680 --> 0:05:21.360
<v Speaker 2>suspect was taken into custody after the attack. Paramedics found

0:05:21.440 --> 0:05:24.719
<v Speaker 2>one victim with serious injuries, two with moderate injuries, and

0:05:24.760 --> 0:05:28.599
<v Speaker 2>two with minor injuries. Authorities did not immediately release details

0:05:28.600 --> 0:05:30.919
<v Speaker 2>about what led to the stabbing or whether the victims

0:05:30.920 --> 0:05:35.200
<v Speaker 2>were targeted. The sprawling rail complex beneath Madison Square Garden

0:05:35.480 --> 0:05:39.560
<v Speaker 2>serves Amtrak, Long Island Railroad, NJ Transit, and New York

0:05:39.600 --> 0:05:42.240
<v Speaker 2>City subway lines, and is used by hundreds of thousands

0:05:42.279 --> 0:05:44.080
<v Speaker 2>of commuters and travelers each day.

0:05:44.440 --> 0:05:45.600
<v Speaker 6>Let's turn to markets now.

0:05:45.680 --> 0:05:50.120
<v Speaker 3>Karen Friday's Wall Street Tech led cell office spreading overseas.

0:05:50.320 --> 0:05:54.480
<v Speaker 3>South Korean stocks plunged as investors pulled back from artificial

0:05:54.520 --> 0:05:57.520
<v Speaker 3>intelligence bets. The COSTPI index tumbled as much as eight

0:05:57.560 --> 0:06:00.560
<v Speaker 3>point eight percent, triggering a twenty minute trail eating halt

0:06:00.920 --> 0:06:04.360
<v Speaker 3>shortly after the market opened. Timothy mo is chief APAC

0:06:04.440 --> 0:06:06.719
<v Speaker 3>Regional equity strategistic Goldman Sachs.

0:06:06.880 --> 0:06:09.080
<v Speaker 10>I think in the longer run this will prove to

0:06:09.120 --> 0:06:13.680
<v Speaker 10>be a technical correction. I'll be it a scary one

0:06:14.480 --> 0:06:18.440
<v Speaker 10>in a longer term bo market. And the underlining fundamentals

0:06:18.440 --> 0:06:19.280
<v Speaker 10>are still very very.

0:06:19.200 --> 0:06:23.160
<v Speaker 3>Strong, Goldman Sachs, Chief APAC Regional equity strategist, Timothy Moe. There,

0:06:23.200 --> 0:06:27.000
<v Speaker 3>the COSPY winded up, closing down eight point three percent,

0:06:27.080 --> 0:06:29.960
<v Speaker 3>and Japan's nie K fell three point nine percent.

0:06:30.560 --> 0:06:33.640
<v Speaker 2>Well, here in the US, Nathan tech stocks are bouncing

0:06:33.760 --> 0:06:37.440
<v Speaker 2>back a bit from last week's some massive selloff NASDAK futures.

0:06:37.480 --> 0:06:40.960
<v Speaker 2>They're up half percent, the Nasdaq one hundred saying four

0:06:40.960 --> 0:06:44.200
<v Speaker 2>point eight percent. On Friday, this year's big winners chip

0:06:44.240 --> 0:06:48.560
<v Speaker 2>stocks plunged ten percent. In Vidia CEO Jensen Wong caused

0:06:48.560 --> 0:06:51.720
<v Speaker 2>the global tech stock sell off a buying opportunity.

0:06:52.040 --> 0:06:55.200
<v Speaker 11>Everybody should be very excited they can now buy stock

0:06:55.240 --> 0:07:01.440
<v Speaker 11>at a cheaper price. And it's absolutely true that the

0:07:01.480 --> 0:07:06.640
<v Speaker 11>future of AI is very bright. It is completely it

0:07:06.720 --> 0:07:11.160
<v Speaker 11>is a foregone conclusion that AI will be infrastructure.

0:07:10.520 --> 0:07:12.920
<v Speaker 2>For the world. And Nvidia CEO Jensen Wong made the

0:07:12.960 --> 0:07:16.160
<v Speaker 2>comments to reporters in Seoul, South Korea, and this morning,

0:07:16.400 --> 0:07:19.880
<v Speaker 2>Morgan Stanley strategist Mike Wilson called the US doc sell

0:07:19.920 --> 0:07:23.040
<v Speaker 2>off a healthy reset. He is a baseline target of

0:07:23.080 --> 0:07:25.160
<v Speaker 2>eight thousand for the S and P five hard, which

0:07:25.200 --> 0:07:27.440
<v Speaker 2>is about eight percent higher from current levels.

0:07:27.560 --> 0:07:30.040
<v Speaker 3>Well the betting on Wall Street after Friday's jobs report,

0:07:30.080 --> 0:07:32.880
<v Speaker 3>Karen is for an interest rate hike this year, but

0:07:33.000 --> 0:07:35.320
<v Speaker 3>President Trump says that the FED would be wrong to

0:07:35.400 --> 0:07:37.960
<v Speaker 3>do that. He talked about the FED and new chairman

0:07:38.040 --> 0:07:39.800
<v Speaker 3>Kevin Warsh on NBC's Meat the Press.

0:07:40.200 --> 0:07:42.520
<v Speaker 4>Kevin's fantastic, and I want him to do whatever he wants.

0:07:42.560 --> 0:07:44.200
<v Speaker 4>I don't want to have a big influence on him.

0:07:44.640 --> 0:07:48.960
<v Speaker 4>But we had a great report. We're doing great, and

0:07:49.000 --> 0:07:51.160
<v Speaker 4>it's unfair that whenever you do great, they want to

0:07:51.200 --> 0:07:53.560
<v Speaker 4>raise interest rates. It should be the opposite.

0:07:53.800 --> 0:07:57.000
<v Speaker 3>President Trump's comments add to the economic and political forces

0:07:57.040 --> 0:07:59.240
<v Speaker 3>tugging at Kevin Warsh as he prepares to chair his

0:07:59.280 --> 0:08:01.280
<v Speaker 3>first policy meeting next week.

0:08:01.360 --> 0:08:05.080
<v Speaker 2>In company news, Nathan Apple's Worldwide Developers Conference cakes off

0:08:05.080 --> 0:08:08.080
<v Speaker 2>today in Coopertino, California. The focus will be on Apple's

0:08:08.200 --> 0:08:11.840
<v Speaker 2>artificial intelligence strategy. The event comes two years after its

0:08:11.840 --> 0:08:16.320
<v Speaker 2>first AID rullout was plagued by subpar technology and delayed features.

0:08:19.800 --> 0:08:21.000
<v Speaker 2>Time now for a look at some of the other

0:08:21.080 --> 0:08:23.239
<v Speaker 2>stories making news in New York and around the world,

0:08:23.240 --> 0:08:25.160
<v Speaker 2>and for that we're joined by Bloomberg's Michael Barr.

0:08:25.240 --> 0:08:27.000
<v Speaker 6>Michael, Good morning, Good morning, Karen.

0:08:27.080 --> 0:08:30.160
<v Speaker 12>The search continues for the shooters that injured twelve people

0:08:30.200 --> 0:08:34.600
<v Speaker 12>over the weekend at the Old West End festival in Toledo, Ohio.

0:08:34.920 --> 0:08:38.040
<v Speaker 12>Authorities believe there were at least two shooters involved, and

0:08:38.400 --> 0:08:41.760
<v Speaker 12>they had probably been firing at one another during the incident.

0:08:42.080 --> 0:08:46.440
<v Speaker 12>Toledo Police Lieutenant Dan Gerkin is asking attendees and eyewitnesses

0:08:46.679 --> 0:08:49.520
<v Speaker 12>to look through their phones and photos to see if

0:08:49.559 --> 0:08:52.880
<v Speaker 12>there's something that could help investigators identify the shooters.

0:08:53.200 --> 0:08:54.000
<v Speaker 6>Talk to your kids.

0:08:54.679 --> 0:08:56.719
<v Speaker 1>There's kids out there that probably know more than all

0:08:56.760 --> 0:08:59.320
<v Speaker 1>of us stand in here, right so they can help

0:08:59.360 --> 0:09:01.320
<v Speaker 1>us out.

0:09:00.520 --> 0:09:03.360
<v Speaker 12>Lieutenant Gerkins says. The ages of the victims range in

0:09:03.480 --> 0:09:07.520
<v Speaker 12>age from fourteen to sixty one, with most in their

0:09:07.559 --> 0:09:12.480
<v Speaker 12>early twenties. European leaders called on Russian President Vladimir Putin

0:09:12.559 --> 0:09:16.400
<v Speaker 12>to agree to an immediate and complete ceasefire that allows

0:09:16.480 --> 0:09:20.560
<v Speaker 12>talks to begin on a lasting peace deal. Britain Germany

0:09:20.640 --> 0:09:23.960
<v Speaker 12>and France made the intervention after a meeting with Ukrainian

0:09:24.000 --> 0:09:28.120
<v Speaker 12>President Voladimir Zelensky at ten Downing Street in London, hosted

0:09:28.160 --> 0:09:32.160
<v Speaker 12>by UK Prime Minister kir Starmer. Zelensky also told Sky

0:09:32.360 --> 0:09:36.080
<v Speaker 12>News about the public letter he's sent to Putin asking

0:09:36.160 --> 0:09:39.120
<v Speaker 12>for a face to face meeting to open up negotiations

0:09:39.160 --> 0:09:39.800
<v Speaker 12>to end the war.

0:09:40.240 --> 0:09:45.600
<v Speaker 13>He said he said many several times publicly that he's

0:09:45.800 --> 0:09:51.079
<v Speaker 13>ready to speak and he wants to stop this war,

0:09:51.960 --> 0:09:55.720
<v Speaker 13>and he said about it publicly, but he doesn't feel

0:09:56.520 --> 0:09:59.079
<v Speaker 13>that the readiness of Kiev.

0:09:59.360 --> 0:10:03.239
<v Speaker 12>Last week and rejected a cease fire proposal by Ukraine.

0:10:03.400 --> 0:10:06.400
<v Speaker 12>Police and Philadelphia are looking for the thieves who stole

0:10:06.520 --> 0:10:10.079
<v Speaker 12>nearly half a million dollars worth of bourbon from a warehouse.

0:10:10.400 --> 0:10:13.199
<v Speaker 12>The Noble Oak bourbon was being stored there and was

0:10:13.240 --> 0:10:16.360
<v Speaker 12>supposed to be shipped to a location in northern New Jersey.

0:10:16.720 --> 0:10:20.559
<v Speaker 12>A twenty one Wine and Spirit COO Rob Coke says

0:10:20.640 --> 0:10:24.240
<v Speaker 12>some thieves stepped in and calmed their way into taking

0:10:24.240 --> 0:10:24.680
<v Speaker 12>the bourbon.

0:10:25.120 --> 0:10:29.120
<v Speaker 11>Unfortunately, rather than going through the regular security protocols, the

0:10:29.160 --> 0:10:32.880
<v Speaker 11>warehouse did not have all of the things they needed

0:10:32.880 --> 0:10:34.600
<v Speaker 11>to actually release that product.

0:10:35.200 --> 0:10:39.000
<v Speaker 12>A twenty one Wine and Spirit coo Rob Coke says

0:10:39.000 --> 0:10:42.240
<v Speaker 12>the thieves didn't even really know what was in the shipment.

0:10:42.640 --> 0:10:45.400
<v Speaker 12>Global news twenty four hours a day and whenever you

0:10:45.440 --> 0:10:48.240
<v Speaker 12>want it with Bloomberg News Now Michael Bark and this

0:10:48.400 --> 0:10:49.280
<v Speaker 12>is Bloomberg Hermy.

0:10:49.800 --> 0:10:52.960
<v Speaker 2>Thanks Michael all the time. Now for our Bloomberg Sports Update,

0:10:53.000 --> 0:10:55.199
<v Speaker 2>and for that we bring in John stash.

0:10:54.800 --> 0:10:57.720
<v Speaker 1>Hour Franks bearing the Honest tickets in New York. It's

0:10:57.720 --> 0:11:00.520
<v Speaker 1>getting through the NBA Finals tonight, but the next hosting

0:11:00.600 --> 0:11:02.920
<v Speaker 1>the Spurs in New York leading the series two nothing.

0:11:03.120 --> 0:11:05.880
<v Speaker 1>Stacy King, who won three NBA championships with the Chicago

0:11:05.920 --> 0:11:08.800
<v Speaker 1>Bulls End, was a very popular color man. With BULLSDV

0:11:09.120 --> 0:11:12.240
<v Speaker 1>passed away. It was only fifty nine. Alex Saverevit twenty

0:11:12.320 --> 0:11:15.000
<v Speaker 1>nine won his first Grand Slam tennis title. It took

0:11:15.040 --> 0:11:18.280
<v Speaker 1>five cents, but he beat Flavio Koboli at the French Open. JT.

0:11:18.480 --> 0:11:21.520
<v Speaker 1>Poston won the Memorial Gulf in Ohio. Nelly Cord of

0:11:21.559 --> 0:11:24.720
<v Speaker 1>the US Women's Open in LA. That's a Bloomberg Sports Update.

0:11:26.240 --> 0:11:27.000
<v Speaker 6>Stay with us.

0:11:27.120 --> 0:11:29.880
<v Speaker 2>More from Bloomberg Day Break coming up after this.

0:11:34.200 --> 0:11:38.360
<v Speaker 12>Coast to Coast on Bloomberg Radio Nationwide on Sirius XM

0:11:38.480 --> 0:11:41.320
<v Speaker 12>and around the world on Bloomberg dot Com and the

0:11:41.360 --> 0:11:42.560
<v Speaker 12>Bloomberg Business app.

0:11:42.880 --> 0:11:45.880
<v Speaker 6>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.

0:11:45.920 --> 0:11:48.440
<v Speaker 3>The US Israeli war where Iran has now crossed the

0:11:48.480 --> 0:11:50.640
<v Speaker 3>one hundred day mark and the prospects for an end

0:11:50.679 --> 0:11:53.240
<v Speaker 3>to the conflict are facing their toughest tests yet with

0:11:53.440 --> 0:11:58.040
<v Speaker 3>Israel retaligating against Iranian strikes. But President Trump says there

0:11:58.120 --> 0:11:59.839
<v Speaker 3>is still a chance for diplomacy.

0:12:00.400 --> 0:12:02.240
<v Speaker 4>We're very close to having a deal, and if we

0:12:02.280 --> 0:12:03.800
<v Speaker 4>don't have a deal, we'll do it one way or

0:12:03.800 --> 0:12:05.040
<v Speaker 4>the other. Either way we win.

0:12:05.320 --> 0:12:07.720
<v Speaker 3>That was President Trump in an interview on NBC's Meet

0:12:07.720 --> 0:12:10.720
<v Speaker 3>the Press heard Sundays on Bloomberg Radio. Joining us from Dubai.

0:12:10.760 --> 0:12:13.640
<v Speaker 3>This morning is Bloomberg Middle East. Corresponded to Birabu Omar,

0:12:13.640 --> 0:12:16.240
<v Speaker 3>and we should clarify Abir that that interview was taped

0:12:16.520 --> 0:12:19.320
<v Speaker 3>before the latest attacks. Can you catch us up on

0:12:19.360 --> 0:12:21.480
<v Speaker 3>what's been happening over the last twenty four hours?

0:12:21.520 --> 0:12:24.440
<v Speaker 5>Good morning, Yeah, Good morning, Nathan. So look, I mean

0:12:24.720 --> 0:12:27.400
<v Speaker 5>you just said it. This is the one hundredth day

0:12:27.480 --> 0:12:29.440
<v Speaker 5>mark for the war in the Middle East, and this

0:12:29.520 --> 0:12:33.720
<v Speaker 5>treasure seems to be regressing quite rapidly this morning. So

0:12:33.760 --> 0:12:37.520
<v Speaker 5>this started yesterday the escalation in the hostilities with Israel

0:12:37.720 --> 0:12:41.800
<v Speaker 5>hitting Hesbela targets or as they call them, terrorist targets

0:12:41.880 --> 0:12:46.559
<v Speaker 5>in Lebanon Hesbula, retaliating by hitting northern parts of Israel,

0:12:46.600 --> 0:12:50.400
<v Speaker 5>and then Israel hits back to the capitol Beirut the

0:12:50.440 --> 0:12:53.480
<v Speaker 5>southern suburbs of the capitol Beirut, killing two people and

0:12:53.600 --> 0:12:57.800
<v Speaker 5>drinks several others. And then this morning, after a phone

0:12:57.800 --> 0:13:00.839
<v Speaker 5>call between President Trump and Prime Minister Bench and Natanyahu,

0:13:01.200 --> 0:13:05.080
<v Speaker 5>where President Trump told him to not retaliate against Lebanon

0:13:05.200 --> 0:13:08.480
<v Speaker 5>or Iran. Only a few hours after that into the

0:13:08.520 --> 0:13:12.760
<v Speaker 5>morning in the Middle East, we're seeing reports of attacks

0:13:12.800 --> 0:13:17.439
<v Speaker 5>in Iran. Those include some western cities in Tehran including

0:13:17.960 --> 0:13:22.600
<v Speaker 5>Esfahan and Karaj and Tabreeze, and then a hit against

0:13:22.640 --> 0:13:27.960
<v Speaker 5>a petrochemical plant in Iran as well, where officials had

0:13:27.960 --> 0:13:32.560
<v Speaker 5>to evacuate personnel. Iran also hitting northern parts of Israel

0:13:32.640 --> 0:13:35.600
<v Speaker 5>this morning. So the situation seems to be escalating quite

0:13:35.840 --> 0:13:39.640
<v Speaker 5>fast this morning, with really no end in sight at

0:13:39.679 --> 0:13:43.679
<v Speaker 5>the moment. President Trump did say before this all unraveled

0:13:43.920 --> 0:13:46.080
<v Speaker 5>that a deal is still imminent, that this is the

0:13:46.160 --> 0:13:48.520
<v Speaker 5>interim Deal or what we've been calling the interim deal,

0:13:48.520 --> 0:13:51.280
<v Speaker 5>which is the MoU that would lead to the opening

0:13:51.400 --> 0:13:53.440
<v Speaker 5>of the Strait of her Moods and then an extension

0:13:53.840 --> 0:13:56.080
<v Speaker 5>of the ceasefire for sixty days. But with all the

0:13:56.080 --> 0:13:59.760
<v Speaker 5>hostilities that we've been seeing since the previous week, we're

0:13:59.760 --> 0:14:03.440
<v Speaker 5>also so Kuwait in the GCC saw its main airport

0:14:03.600 --> 0:14:08.559
<v Speaker 5>getting hit and suffering some significant infrastructure. One really questions

0:14:08.920 --> 0:14:13.840
<v Speaker 5>how sustainable the ceasefire is, and the answer to that is, well,

0:14:13.840 --> 0:14:17.000
<v Speaker 5>it's been pretty fragile over the past two months to

0:14:17.040 --> 0:14:21.360
<v Speaker 5>begin with, but the escalations this morning bring into question

0:14:22.080 --> 0:14:26.160
<v Speaker 5>some further complications that President Trump's going to have to

0:14:26.200 --> 0:14:27.840
<v Speaker 5>look at once the US.

0:14:28.160 --> 0:14:31.880
<v Speaker 6>Is more awake. Well, we have seen signs of escalation

0:14:32.000 --> 0:14:32.600
<v Speaker 6>in the past.

0:14:32.640 --> 0:14:37.280
<v Speaker 3>We've seen the Iran lob rockets at Kuwait and Bahrain

0:14:37.800 --> 0:14:39.120
<v Speaker 3>in the past as well.

0:14:39.200 --> 0:14:42.600
<v Speaker 6>What makes this latest escalation different a beer.

0:14:43.080 --> 0:14:45.480
<v Speaker 5>Well, first starters the fact that this is a direct

0:14:45.560 --> 0:14:48.960
<v Speaker 5>hit at Iran. Right, So, in the past or over

0:14:49.000 --> 0:14:53.080
<v Speaker 5>the past week, what's happened is those hostilities against GCC

0:14:53.160 --> 0:14:57.200
<v Speaker 5>countries have been sort of in the background. They haven't

0:14:57.240 --> 0:15:01.200
<v Speaker 5>happened as significantly as they have last week beginning of

0:15:01.280 --> 0:15:04.520
<v Speaker 5>last week. But the conflict or the hostilities in Lebanon,

0:15:04.560 --> 0:15:07.800
<v Speaker 5>for example, have been going on even since the April

0:15:07.840 --> 0:15:11.880
<v Speaker 5>eighth ceasefire agreement was reached. This is the first such

0:15:11.960 --> 0:15:14.800
<v Speaker 5>attack that you're seeing on Iran itself and not its

0:15:14.880 --> 0:15:18.400
<v Speaker 5>allies in the region. And then even post those attacks

0:15:18.440 --> 0:15:20.640
<v Speaker 5>that happened last week, President Trump did come out and

0:15:20.640 --> 0:15:23.080
<v Speaker 5>say multiple times as a matter of fact, that they

0:15:23.160 --> 0:15:28.200
<v Speaker 5>don't impact that those attacks, while they're not favorable, and

0:15:28.280 --> 0:15:31.480
<v Speaker 5>he did say to Iran that you shot your missiles,

0:15:31.560 --> 0:15:34.520
<v Speaker 5>that's enough. That's a direct quote from the president. He

0:15:34.640 --> 0:15:38.080
<v Speaker 5>did say that those don't impact the wider ceasefire agreement.

0:15:38.120 --> 0:15:41.800
<v Speaker 5>He said that representatives of Hezbolah, the militia in Lebanon

0:15:41.840 --> 0:15:45.320
<v Speaker 5>that's getting attacked that is backed by Iran. He said

0:15:45.320 --> 0:15:48.520
<v Speaker 5>that he got calls from representatives that had agreed to

0:15:48.560 --> 0:15:51.920
<v Speaker 5>the ceasefire, while the public line from Hesbelo was that

0:15:51.960 --> 0:15:54.760
<v Speaker 5>they rejected the ceasefire that we spoke about that was

0:15:54.800 --> 0:15:59.160
<v Speaker 5>agreed between Lebanese officials and Israeli officials in Washington. But

0:15:59.280 --> 0:16:02.640
<v Speaker 5>this timer one has to really look at how serious

0:16:02.640 --> 0:16:03.760
<v Speaker 5>those escalations are.

0:16:05.800 --> 0:16:09.240
<v Speaker 2>This is Bloomberg Daybreak, Your Morning podcast on the stories

0:16:09.320 --> 0:16:12.360
<v Speaker 2>making news from Wall Street to Washington and beyond.

0:16:12.600 --> 0:16:15.000
<v Speaker 3>Look for us on your podcast feed by six am

0:16:15.040 --> 0:16:18.440
<v Speaker 3>Eastern each morning, on Apple, Spotify, or anywhere else you listen.

0:16:18.640 --> 0:16:21.480
<v Speaker 2>You can also listen live each morning starting at five

0:16:21.520 --> 0:16:24.240
<v Speaker 2>am Wall Street Time on Bloomberg eleven three to zero

0:16:24.240 --> 0:16:27.160
<v Speaker 2>in New York, Bloomberg ninety nine to one in Washington,

0:16:27.200 --> 0:16:31.160
<v Speaker 2>Bloomberg ninety two nine in Boston, and nationwide on serious

0:16:31.360 --> 0:16:32.920
<v Speaker 2>XM Channel one twenty one.

0:16:33.320 --> 0:16:36.040
<v Speaker 3>Plus listen coast to coast on the Bloomberg Business app

0:16:36.080 --> 0:16:38.920
<v Speaker 3>now with Applecarplay and Android auto interfaces.

0:16:39.120 --> 0:16:42.160
<v Speaker 2>And don't forget to subscribe to Bloomberg News Now. It's

0:16:42.160 --> 0:16:44.880
<v Speaker 2>the latest news whenever you want it in five minutes

0:16:45.000 --> 0:16:48.120
<v Speaker 2>or less. Search Bloomberg News Now on your favorite podcast

0:16:48.160 --> 0:16:52.320
<v Speaker 2>platform to stay informed all day long. I'm Karen Moscow.

0:16:52.080 --> 0:16:53.080
<v Speaker 6>And I'm Nathan Hager.

0:16:53.240 --> 0:16:55.280
<v Speaker 3>Join us again tomorrow morning for all the news you

0:16:55.320 --> 0:16:58.080
<v Speaker 3>need to start your day right here on Bloomberg Daybreak