WEBVTT - Iran Seeks to Bar US Ships from Hormuz, Birth Tourism Order, More

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<v Speaker 1>News when you want it with Bloomberg News Now. I'm

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<v Speaker 1>Dan Schwartzman. Iran will seek to bar US and Israeli

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<v Speaker 1>ships from the Strait of Hormuz and require compensation from

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<v Speaker 1>hostile countries before they're allowed to use it. Iran's FARS

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<v Speaker 1>news agency has released details of the deal between Iran

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<v Speaker 1>and Oman on passage through the strait. The deal reportedly

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<v Speaker 1>says US and Israeli vessels and any related cargo, military

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<v Speaker 1>or civilian, would be prohibited. Meantime, both the US and

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<v Speaker 1>Iranian officials have been signaling in recent days that some

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<v Speaker 1>kind of accord on Hormuz is close. President Trump spoke

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<v Speaker 1>to reporters about the strait.

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<v Speaker 2>It's sort of open right now. You know. We have

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<v Speaker 2>a thing called the Blockade headed up by the US Navy,

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<v Speaker 2>and we control it, and now we control it. But

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<v Speaker 2>they can always shoot something. They always have something or

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<v Speaker 2>drop a mind. And if you have one mind setting

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<v Speaker 2>out there, you sort of mess things up because people

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<v Speaker 2>don't want to take their billion dollar boats and accidentally

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<v Speaker 2>get hit by a mind.

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<v Speaker 1>That's President Trump. Separately, FARS said that Iranian naval forces

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<v Speaker 1>head struck quote hostile targets at the entrance to the

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<v Speaker 1>strait or hormoze. Oil prices climbed in stocks fell on

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<v Speaker 1>Thursday's developments. President Trump signed a pair of executive orders

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<v Speaker 1>aimed at denying citizenship to certain people born in the US.

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<v Speaker 1>Bloomberg's Amy Morris, supporting from Washington.

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<v Speaker 3>White House Deputy Chief of Staff Stephen Miller says one

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<v Speaker 3>order targets so called birth tourism.

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<v Speaker 4>The idea that people come here pretending to be a tourist,

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<v Speaker 4>pretend to be a visitor, but the real reason they're

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<v Speaker 4>here is to have a child, to make that child,

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<v Speaker 4>as an automatic citizen, leave our country and then have

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<v Speaker 4>a US citizen child. It gives them access out of

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<v Speaker 4>this broken system to welfare benefits, ultimately to the voting booth.

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<v Speaker 3>Those born to people deemed to be alien, enemies, foreign terrorists,

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<v Speaker 3>and foreign agents would also be ineligible. The orders are

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<v Speaker 3>almost certain to be challenged in court as a violation

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<v Speaker 3>of the Fourteenth Amendment. In Washington, Amy Morris Bloomberg Radio, the.

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<v Speaker 1>Trump administration is considering issuing an executive order on vaccines

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<v Speaker 1>and autism as soon as next week. More details from

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<v Speaker 1>Bloomberg's Matt Piper.

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<v Speaker 5>The effort is prompted by President Trump's interest in seeing

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<v Speaker 5>additional action when it comes to vaccines and autism. Options

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<v Speaker 5>the administration is discussing include research initiatives encompassing both forward

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<v Speaker 5>looking studies and backward looking analyzes. Scientific evidence has shown

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<v Speaker 5>no link between autism and childhood vaccines, and decades of

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<v Speaker 5>research has failed to identify a single cause of autism.

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<v Speaker 5>Trump has previously pushed to pare down the number of

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<v Speaker 5>vaccines recommended for children in New York. Matt Piper Bloomberg radio.

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<v Speaker 1>Republican Senator Mitch McConnell of Kentucky has been discharged from rehab.

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<v Speaker 1>McConnell has been absent from the Senate since June, when

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<v Speaker 1>he suffered a fall at home. A statement from McConnell

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<v Speaker 1>says that he'll continue his recovery and physical therapy at home.

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<v Speaker 1>McConnell is not running for reelection. Kentucky Governor Andy Basheer

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<v Speaker 1>has demanded more transparency from McConnell on his health and

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<v Speaker 1>ability to return to the Senate. Meta has been ordered

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<v Speaker 1>by a New Mexico judge to pay five hundred and

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<v Speaker 1>sixty seven million dollars into an abatement fund to US

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<v Speaker 1>harms to teenagers' mental health. The judge wrote in his

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<v Speaker 1>opinion that Meta Quote knowingly designed its platforms to maximize engagement,

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<v Speaker 1>including in ways that are harmful to teenagers, and does

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<v Speaker 1>not adequately disclose the risks of harm to its users.

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<v Speaker 1>Meta says it disagrees with the ruling and will appeal.

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<v Speaker 1>Company spokesperson Andy Stone said in an ex post. The

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<v Speaker 1>order is in addition to a three hundred and seventy

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<v Speaker 1>five million dollars civil penalty imposed during the first phase

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<v Speaker 1>of the trial, which focused on whether Meta's conduct violated

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<v Speaker 1>New Mexico's Unfair Practices Act. Sweet Green cut its annual outlook.

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<v Speaker 1>That's after the salad chain warned that diners are eating

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<v Speaker 1>less fresh prepared foods following the cyclost Spora outbreak. The

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<v Speaker 1>company now expects comparable sales to plummet by as much

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<v Speaker 1>as eight percent this year. Here's Bloomberg's Michael Halen.

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<v Speaker 5>It's a bigger problem for them because such a huge

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<v Speaker 5>percentage of their sales comes from salad.

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<v Speaker 2>But also Sweet Green has had a lot of problems coming.

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<v Speaker 1>Into this right same story.

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<v Speaker 3>Sales were falling mid single digits before Cyclospora, So I

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<v Speaker 3>think overall it'll probably be short lived.

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<v Speaker 1>That's Bloomberg's Michael Helen. Meantime, cases of cyclist Spora parasite

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<v Speaker 1>infections in Michigan are declining and people can resume normal

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<v Speaker 1>consumption of leafy greens. That word from the state's health

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<v Speaker 1>department reported a downward trend in the number of diarrhea

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<v Speaker 1>related to emergency department visits. It's no longer recommending that

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<v Speaker 1>people avoid bag salad mixes. A new device from Opening

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<v Speaker 1>Eye will have a unique look with moving parts in

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<v Speaker 1>a donut shape. Here's Bloomberg's Mark German.

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<v Speaker 6>Well, it's the same concept as a smart speaker, right.

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<v Speaker 6>The only difference is that this smart speaker is battery

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<v Speaker 6>powered and you can take it around your home with you,

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<v Speaker 6>So it's essentially a mobile device for within the home

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<v Speaker 6>and task automation and productivity. We'll see if consumers are

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<v Speaker 6>willing to eat it up, but definitely there are privacy

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<v Speaker 6>concerns with having something that is, you know, to an extent,

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<v Speaker 6>has a camera always listening, has lights, speakers, microphones, etclue.

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<v Speaker 1>Blomberg's Mark German. OpenAI Plans released the device in twenty

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<v Speaker 1>twenty seven. President Trump has been speaking my phone with

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<v Speaker 1>Kevin wors since he's become FED chair. Sources tell Bloomberg

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<v Speaker 1>News that two have talked multiple times since Warsh was

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<v Speaker 1>confirmed in May. One source says the president has asked

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<v Speaker 1>about forecasts and opinions, but has not pushed for a

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<v Speaker 1>specific course of action. It's not clear if they've discussed

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<v Speaker 1>monetary policy meantime, The Financial Time supports fedshair. Kevin Worsh

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<v Speaker 1>plans to stick to a strip back communication style with

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<v Speaker 1>the public, but is ready to raise interest rates in

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<v Speaker 1>September if inflation comes in hot in coming weeks. Worsh's

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<v Speaker 1>scant details on tappling inflation sparked a treasury sell off

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<v Speaker 1>after last month's meeting. More from Bloomberg's Michael McKee.

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<v Speaker 7>One of the things that's happened is that people had

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<v Speaker 7>at Wall Street have misunderstood a little bit of what

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<v Speaker 7>Worsh is talking about. He wants to get rid of

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<v Speaker 7>the forward guidance, such as we will keep this rate

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<v Speaker 7>unchanged until we get to x date or x condition

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<v Speaker 7>in the economy, versus if inflation continues to rise, we

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<v Speaker 7>will have to consider what we're going to do, which

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<v Speaker 7>is the reaction function, and those two things have gotten

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<v Speaker 7>confused with people on Wall Street.

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<v Speaker 1>That's Bloomberg's Mike McKee. It's primary night in Tennessee. In

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<v Speaker 1>the US Senate race, the Associated Process called the Democratic

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<v Speaker 1>primary for Marquisa Bradshaw. She'll face incumbent Republican Senator Bill

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<v Speaker 1>Haggerty in the November general election. And in the governor's race,

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<v Speaker 1>APS called the Republican primary for Senator Marsha Blackburn. Jerry

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<v Speaker 1>Green has won the Democratic nomination. Blackburn and Green will

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<v Speaker 1>now face each other in the November general election. And

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<v Speaker 1>that's news when you want it. With Bloomberg News Now,

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<v Speaker 1>I'm Dan Schwartzman, and this is Bloomberg