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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: in Kleggi, President Trump said late Friday afternoon in a

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Speaker 1: post on truth Social we are getting very close to

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Speaker 1: meeting our objectives as we consider winding down our great

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Speaker 1: military efforts in the Middle East with respect to the

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Speaker 1: terrorist regime of Iran. US officials say the White House

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Speaker 1: is sending more than two thousand additional marines to the

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Speaker 1: Middle East as it weighs a plan to seize a

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Speaker 1: Ron's carg Island oil export hub, a ground operation that

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Speaker 1: would carry huge risks for President Trump, who was asked

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Speaker 1: Friday afternoon about his interest in a ceasefire. We can

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Speaker 1: have die a lot, but I don't want to do

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Speaker 1: a ceasefire. You know, you don't do a ceasefire when

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Speaker 1: you're literally obliterating the other side. Any effort to seize

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Speaker 1: and hold Iran's energy facilities would put US troops in

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Speaker 1: greater danger than they've been exposed to in the conflict,

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Speaker 1: which has seen thirteen US fatalities to date. It would

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Speaker 1: also add to the cost and scope of the conflict

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Speaker 1: beyond an air campaign. Trump's consideration of a ground operation

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Speaker 1: comes as frustrated mounts of the US, Europe, and Persian

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Speaker 1: Gulf over the closure of the vital Street of Hormuz,

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Speaker 1: a choke point for global oil and gas shipments. The

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Speaker 1: President was also asked Friday about the Strait. We don't

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Speaker 1: need it now, Europe needs it. Career, Japan shine a

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Speaker 1: lot of other people, so they'll have to get involved

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Speaker 1: a little bit of that one. The President later said

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Speaker 1: on truth Social that the Strait will have to be

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Speaker 1: guarded and policed as necessary by those nations that use it,

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Speaker 1: as the United States does not use it. The US

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Speaker 1: Department of Treasury has issued a general license allowing the

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Speaker 1: sale of Iranian oil and petrochemical products loaded onto vessels

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Speaker 1: honor before twelve oh one am New York Time Friday,

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Speaker 1: marking the Trump administration's latest effort to counter rising oil

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Speaker 1: prices due to the Iran War. The license authorizes sale

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Speaker 1: of such products through twelve oh one am New York

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Speaker 1: Time on April nineteenth. This temporary measure follows similar moves

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Speaker 1: for Russian oil stuck on tankers due to sanctions. In

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Speaker 1: a bid to boost supply, The global oil benchmark settled

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Speaker 1: at the highest level since mid twenty twenty two, with

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Speaker 1: fears over further escalation in the Iran war and little

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Speaker 1: expectation that the conflict will resolve soon. Brent settled above

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Speaker 1: one hundred and twelve dollars a barrel, bringing this week's

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Speaker 1: gains to about nine percent. Bloomberg's Tyler Kendall at the

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Speaker 1: White House reporting on measures to protect energy infrastructure that's

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Speaker 1: been under attack.

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Speaker 2: Regional countries like the UAE, Kuwait, and Saudi Arabia all

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Speaker 2: saying that they were defending against these missile attacks, and

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Speaker 2: now a State Department spokesperson, also Joe, telling Bloomberg News

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Speaker 2: that the administration has approved a twenty three billion dollar

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Speaker 2: weapons package to some of these regional partners in a

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Speaker 2: bidget bolster defenses around the region.

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Speaker 1: That's Bloomberg's Tyler Kendall reporting from the White House. A

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Speaker 1: jury has concluded Elon musk to frauded Twitter investors when

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Speaker 1: he disparaged the company in twenty twenty two in an

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Speaker 1: effort to buy the social media platform for a lower

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Speaker 1: price than his original forty four billion dollar bid. Jurors

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Speaker 1: in federal court in San Francisco found Friday that Musk

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Speaker 1: in intentionally misled Twitter shareholders when he tweeted that the

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Speaker 1: social network now called X had too many fake accounts

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Speaker 1: and tried to back out of the deal. The jury

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Speaker 1: rejected two of the four fraud claims. Musk's lawyers vouted appeal.

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Speaker 1: The eight member panel calculated how much musk statements drove

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Speaker 1: down the company's stock price for each trading day over

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Speaker 1: a period of about five months. The amount of damages

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Speaker 1: he must pay to individual investors, which could total hundreds

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Speaker 1: of millions or even billions of dollars, will be determined

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Speaker 1: at a later date when shareholders submit claims. That's four

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Speaker 1: losing weeks in a row for the US stock market.

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Speaker 1: We get more from Bloomberg's Charlie Pellett.

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Speaker 3: For the week, the S and P five hundred index

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Speaker 3: was down one point nine percent, The Neztak one hundred

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Speaker 3: index was down two percent, while the Dolls week down

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Speaker 3: two point one percent. The S and P five hundred

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Speaker 3: dropped one and a half percent. As President Trump said

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Speaker 3: the US can have a dialogue, but he does not

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Speaker 3: want to cease fire, and speculation is growing that the

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Speaker 3: US is weighing a plan to seize Karg Island, the

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Speaker 3: major oil export hub in New York. Charlie Bloomberg Radio.

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Speaker 1: The US has charged a super micro co founder with

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Speaker 1: illegally diverting billions of dollars in in Nvidia powered servers

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Speaker 1: to China, initiating its highest profile cracked down on alleged

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Speaker 1: smuggling of restricted AI technology to the Asian country. US

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Speaker 1: prosecutors indicted Yinchuan Wali Leau for sending US assembled servers

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Speaker 1: containing Nvidia's cutting edge chips to China and violation of

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Speaker 1: US export controls. The Trump administration's decision to curtail the

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Speaker 1: activities of reporters of the Pentagon, which led to the

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Speaker 1: departure of most news organizations from the building, was blocked

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Speaker 1: Friday by a federal judge in Washington. The court ruled

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Speaker 1: in favor of a lawsuit brought by The New York Times,

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Speaker 1: which accused the administration of free speech violations. Last fall,

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Speaker 1: Defense Secretary Pete Hegsith demanded that news organizations agreed to

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Speaker 1: new limits on their reporting. The Pentagon policy put journalists

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Speaker 1: in danger of being labeled a security risk that could

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Speaker 1: have led to credentials being pulled if they were found

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Speaker 1: soliciting material that could be considered classified or controlled unclassified information.

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Speaker 1: A ubiquitous label on Defense Department documents. The Friday numbers

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Speaker 1: on Wall Street. The Dow lost four forty three, just

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Speaker 1: under one percent. NASDAK also fell four forty three, but

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Speaker 1: for them, that's two percent. The S and P lost

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Speaker 1: one hundred, that's one and a half percent. The ten

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Speaker 1: year treasury yield at four point three eight percent, the

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Speaker 1: two year at three point nine zero percent. That's news

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Speaker 1: when you want it with Bloomberg News. Now, I'm made Kleggy.

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Speaker 2: This is Bloomberg