Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 2: Karen, we begin with the latest developments involving Iran. The
Speaker 2: White House says President Trump will make a decision on
Speaker 2: whether to strike the country within the next two weeks.
Speaker 2: The President is scheduled to attend a national security meeting
Speaker 2: in the Oval Office later today. White House Press Secretary
Speaker 2: Caroline Levitt spoke with reporters yesterday.
Speaker 4: I have a message directly from the President and I quote,
Speaker 4: based on the fact that there's a substantial chance of
Speaker 4: negotiations that may or may not take place with Iran
Speaker 4: in the near future. I will make my decision whether
Speaker 4: or not to go within the next two weeks.
Speaker 2: White House Press Secretary Caroline Levit says the President's goal
Speaker 2: of halting Iran's richmond of uranium and preventing the country
Speaker 2: from obtaining nuclear weapons remains intact, though she says if
Speaker 2: there's a chance for diplomb, I mus see the President
Speaker 2: is always going to grab it.
Speaker 3: Meanwhile, Nathan, the fighting continues the Israel Defense Forces as
Speaker 3: it completed a series of strikes into Iran, hitting dozens
Speaker 3: of targets. A missile from Iran hit a Israeli hospital
Speaker 3: on Thursday for the first time since the war began.
Speaker 3: Iran's foreign minister is doing Geneva for talks of the
Speaker 3: European foreign ministers today, and we get more with Bloomberg's
Speaker 3: Oliver Krook.
Speaker 5: What the sort of goal of this meeting is is
Speaker 5: to try to begin to establish kind of a framework
Speaker 5: for a day after if there is a ceasefire, something
Speaker 5: you can go to sort of from Iran and the
Speaker 5: rest of the world to say, listen, these are going
Speaker 5: to be the monitoring arrangements that Iran has agreed to,
Speaker 5: basically unrestricted access to making sure that Iran is not
Speaker 5: developing a nuclear site, potentially some restrictions and some observations
Speaker 5: about sort of cutting back the ballistic missile program, those
Speaker 5: sorts of things. But again I think that one needs
Speaker 5: to keep sort of really sort of low expectations here
Speaker 5: because we know the world of Trump, and we know
Speaker 5: the world of Trump is one in which the Europeans
Speaker 5: don't have a huge amount of sway in terms of diplomacy.
Speaker 5: If there's a real question about whether or not you know,
Speaker 5: anything that they agreed to or anything that they can
Speaker 5: come up with. Does Trump really want to put his
Speaker 5: name on something that somebody else has come up with?
Speaker 3: And, as Bloomberg's Oliver Kruik reporting, Around's foreign minister told
Speaker 3: State TV this morning that Iran does not want to
Speaker 3: negotiate with the US if Israel continues to strike the country.
Speaker 2: The Karen cybersecurity experts in Israel say Iran is now
Speaker 2: tapping into private security cameras to gather real time intelligence.
Speaker 2: As Bloomberg's U and Pots reports, the revelation exposes a
Speaker 2: recurring problem with these devices, one that's emerged in other
Speaker 2: global conflicts.
Speaker 6: Earlier this week, a former Israeli cybersecurity official issued a
Speaker 6: stark message on public radio, turn off your home surveillance
Speaker 6: cameras or change the password immediately. The warning was later
Speaker 6: backed by Israel's National cyber Director, which confirmed to Bloomberg
Speaker 6: that Internet connected cameras are increasingly being targeted as part
Speaker 6: of Iran's war planning. Similar tactics were employed by Russia
Speaker 6: following its invasion of Ukraine, and our researchers have been
Speaker 6: sound in the alarm about vulnerabilities in security cameras for
Speaker 6: over a decade. There is now increasing evidence that the
Speaker 6: countries at war these systems are being exploited. As a
Speaker 6: critical week point in London, i'm unepot Sploomberg radio.
Speaker 3: All right you and thank you mean mohile. The war
Speaker 3: in Ukraine goes on. Overnight, Russia unleashed a wave of
Speaker 3: drones and decoys the cities of Odessa and Kharkiv. Ukraine's
Speaker 3: air force has sixteen drones managed to evade its air defenses.
Speaker 3: At least one person was killed and fourteen heard. In Odessa,
Speaker 3: the drones there damaged several apartment buildings and the city's
Speaker 3: central rail station. At least four others sought medical help
Speaker 3: in Kharkiv and.
Speaker 2: Back here in the US, Karen the White House has
Speaker 2: scored a legal victory over its deployment of National Guard
Speaker 2: troops in Los Angeles. A three judge panel has ruled
Speaker 2: the Trump administration can continue using the Guard to respond
Speaker 2: to anti deportation protests. Laurie Levinson is a former federal
Speaker 2: prosecutor and a professor at Loyal Law School.
Speaker 7: In Laottom line is that this panel of judges believe
Speaker 7: that there was enough interference, enough violence going on in
Speaker 7: Los Angeles that the President, in his broad discretion, had
Speaker 7: the power to call out the National Guard because that's
Speaker 7: what the statute allows.
Speaker 2: Loyal law professor Lorie Levinson notes that the California could
Speaker 2: still appeal to the full Federal Appeals Court or the
Speaker 2: Supreme Court. The lower court judge who ordered the federal
Speaker 2: government to return control of the Guard to California is
Speaker 2: also holding a hearing today, Nathan.
Speaker 3: As immigration raids continue, they're starting to have a noticeable
Speaker 3: impact on workforces across the country. On Bloomberg's Monica Rex.
Speaker 8: Reports, the downtown La Fashion district where the ice raids started,
Speaker 8: is emptied out. Texas dairy farmers say workers aren't showing
Speaker 8: up to milk cows, and the deputy mayor in Ventura,
Speaker 8: California says Latino day laborers seem to have disappeared from
Speaker 8: his closest home depot. Last month, the US workforce shrank
Speaker 8: in large part because of a decline in foreign born workers.
Speaker 8: California alons to lose two hundred and seventy five billion
Speaker 8: dollars in economic output from the immigration crackdown. Monica Rix
Speaker 8: Bloomberg Radio.
Speaker 2: Okay, Monica, thank you, turning to the markets now. Futures
Speaker 2: are lower as we close out the holiday interrupted trading week. Today,
Speaker 2: investors brace for six and a half trillion dollars of
Speaker 2: notional US options expiring, and that could lead stocks to
Speaker 2: swing more wildly than the subdued changes seen in recent week.
Speaker 2: Every quarter, a cluster of different exchange traded derivatives contracts
Speaker 2: all terminate on the same day, leading to what market
Speaker 2: watchers sometimes call a triple witching event. It's not expected
Speaker 2: to add additional volatility today itself, but it could open
Speaker 2: a path to more sudden stock market moves next week.
Speaker 3: Nathan SoftBank may be making a trillion dollar AI play
Speaker 3: in the US. Bloomberg News has learned soft Bank founder
Speaker 3: Massa Yoshi's son is seeking to team up with Taiwan
Speaker 3: Semiconductor to build a trillion dollar industrial complex in Arizona
Speaker 3: to build robots and artificial intelligence. The project's feasibility depends
Speaker 3: on some poor from the Trump administration and state officials,
Speaker 3: and Sun is also exploring partnerships with other tech companies,
Speaker 3: including Samsung Electronics, and considering project financing models to raise funding.
Speaker 3: Time off for a look at some of the other
Speaker 3: stories making news in New York and around the world.
Speaker 3: And for that we're joined by Bloomberg's Michael Barr.
Speaker 9: Michael, good morning, Good morning, Karen. Summer It's coming in.
Speaker 9: Hot Summer officially starts later today and high heat is
Speaker 9: moving across several states. Spring went out with storms and
Speaker 9: large parts of the country. Throughout the Northeast, high winds
Speaker 9: toppled trees on the cars and homes at the airports.
Speaker 9: Hundreds of flights were canceled ground stops at Washington, DC Airports,
Speaker 9: winds toppling sixty miles per hour. Severe flooding in a
Speaker 9: rock slide, shutting down part of Interstate forty near the
Speaker 9: Tennessee North Carolina border. A New York City teenager is
Speaker 9: recovering after being struck by lightning in Central Park during
Speaker 9: storms Yosin.
Speaker 3: Apparently I'm pretty lucky because my spine was directly against
Speaker 3: the tree and no no nerve damage happened.
Speaker 9: The teen does have second degree burns, but is expected
Speaker 9: to make a full recovery. Authorities in southern Mexico are
Speaker 9: still assessing damage and watching rising rivers has rained from
Speaker 9: the remnants of Hurricane Eric dowst the region. At least
Speaker 9: one death was confirmed one year old boy who drowned
Speaker 9: in a swollen river. The fallout continues after a SpaceX
Speaker 9: rocket that was being tested and prepared for a flight
Speaker 9: at the Texas star Base exploded on the test stand
Speaker 9: Wednesday Night's explosion has raised environmental concerns. This man was
Speaker 9: nearby when it happened.
Speaker 10: I was there, just under two miles away. At first
Speaker 10: I saw it, and I really couldn't believe what was
Speaker 10: happening in my own eyes. It was almost like an
Speaker 10: out of body experience.
Speaker 9: SpaceX was preparing for a routine static fire test, loading
Speaker 9: fuel before igniting the starship's engines. They believe a pressurized
Speaker 9: tank exploded, setting off the series of blasts triple a
Speaker 9: for Jack's a record number of people to hit the
Speaker 9: road for the Independence Day holiday period. Spokesperson A keys
Speaker 9: At Diaz says the group expects an increase of one
Speaker 9: point seven million travelers over last year.
Speaker 11: We're expecting overall seventy two point two million people traveling
Speaker 11: between June twenty eighth and July sixth. A majority of
Speaker 11: those people, about eighty five percent of them, are expected
Speaker 11: to drive.
Speaker 9: Global News twenty four hours a day and whenever you
Speaker 9: want it with Bloomberg News.
Speaker 3: Now.
Speaker 9: I'm Michael Barr, and this is Bloomberg Karen.
Speaker 3: All right, Michael Barr, thank you time now for abot
Speaker 3: Bloomberg scores UF date brought to you by Flushing Bag.
Speaker 3: And here's Joan Stanshawer, John, Good.
Speaker 12: Morning morning here in the NBA Finals, not over yet.
Speaker 12: Indiana had lost two games in a row of spacing
Speaker 12: elimination against Oklahoma City, the Pacers playing at home. We're
Speaker 12: not ready for their season to end. That comes top
Speaker 12: of the other way. You rarely see that come home ground.
Speaker 12: He spent the three, puts it in Hernsteyle in the rebound,
Speaker 12: puts it on the floor. Knock out of his hands
Speaker 12: by Siaka and Isaiah.
Speaker 2: Joe gets a Haliburton to steal.
Speaker 12: There comes Haliburton Siaka, They Smith counter three ABC bakes.
Speaker 12: Second quarter won by Indiana thirty six to seventeen. The
Speaker 12: Pacers took a thirty point late to the fourth quarter.
Speaker 12: The final was one O eight ninety one. The X
Speaker 12: ding Obie Tompin led balance scoring with twenty points, Andrew
Speaker 12: nemart ad In seventeen, Fascal Siakam sixteen with thirteen rebounds.
Speaker 12: Game seven Sunday at ok See, twentieth game seven NBA
Speaker 12: Finals history, the first since Cleveland being Golden State in
Speaker 12: twenty sixteen. A few hours after the Yankees ended their
Speaker 12: six game losing streak, the Mets skid reached six a
Speaker 12: seven to one loss in Atlanta. Praise with a four
Speaker 12: runs sixth inning, held the Mets to six hits, and
Speaker 12: when the Phillies won, the Mets and phil stood tied
Speaker 12: for first as they begin a weekend series Tonight in Filled.
Speaker 12: The Yankee win was seven to three at the Stadium,
Speaker 12: finally beat the Angels, avoided getting swept four games at
Speaker 12: home for the first time in four years. Yanks Tonight
Speaker 12: post Baltimore Nationals finally beat the lowly Rockies to end
Speaker 12: their eleven game losing streak. Now they have to play
Speaker 12: the Dodgers. Scottie Scheffler won the Travelers Golf near Hartford
Speaker 12: a year ago, and he's got to share the first
Speaker 12: round lead after an eight under par sixty two. Rory McElroy,
Speaker 12: two shots behind CJ. Moseley through the Jets, released in March,
Speaker 12: announced his retirement, ending a ten year career. First five
Speaker 12: with the Ravens, last five with the Jets. He was
Speaker 12: a five time Pro Bowl linebacker. Johns danshchewer Bloomberg Sports
Speaker 12: Karen Nikkan.
Speaker 1: Coast to coast on Bloomberg Radio nationwide on Serious Exam
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 2: Good morning, I'm Nathan Hager. Within the next two weeks,
Speaker 2: that's when the White House says President Donald Trump will
Speaker 2: decide whether to join Israel and strikes against Iron Spokeswoman
Speaker 2: Caroline levin It says, if there's a chance at diplomacy,
Speaker 2: the president will always grab it. But she says there
Speaker 2: is one thing the world can agree on.
Speaker 4: Iran cannot obtain a nuclear weapon. This is something that
Speaker 4: pretty much all of humanity except for the Iranian terrorist
Speaker 4: regime themselves, agree upon.
Speaker 2: That was White House Press Secretary Caroline Levitt announcing the
Speaker 2: two week deadline. For more. We are joined by Bloomberg
Speaker 2: News Senior editor Bill Ferries. Bill, as you know, President
Speaker 2: Trump has said things could come within two weeks many
Speaker 2: times during both his presidencies. How to take this latest signal?
Speaker 2: Good morning, Good morning.
Speaker 10: Well, I wouldn't mark an X on your calendar for
Speaker 10: two weeks from today, and think that that's necessarily some
Speaker 10: sort of urgent deadline. What I think the President's decision
Speaker 10: does is open the door to continuing diplomacy, to more
Speaker 10: diplomacy both between the US and Iran, but also between
Speaker 10: Iran and Europeans and of course with Israel. So it
Speaker 10: gives some time for this back and forth between Iran
Speaker 10: and Israel to play out, a little bit, time for
Speaker 10: de escalation. And you know, we've we know the president
Speaker 10: has really struggled over this decision, that his Maga base
Speaker 10: is really torn over it. So it allows a little
Speaker 10: bit of a reprieve from that political pressure he was
Speaker 10: facing from his own party as well.
Speaker 2: At the same time, Bill we heard from Iran's foreign
Speaker 2: minister just this morning saying that Iran can't negotiate with
Speaker 2: the US while Israel is continuing attacks. Where does that leave.
Speaker 10: Things, Well, the Iranians have they are going to be
Speaker 10: meeting with some of the European foreign ministers, including from
Speaker 10: the UK, of France and Germany. So there's certainly a
Speaker 10: chance for the US to get messages in and to
Speaker 10: receive messages from Iran through that way.
Speaker 1: And I think.
Speaker 10: Iran is trying to you know, trying to keep a
Speaker 10: little bit of daylight between Israel and the United States
Speaker 10: on this issue. Like I said, it has been a
Speaker 10: tough decision for President Trump to make. Despite the US
Speaker 10: history of supporting Israel, it's not clear that the Trump
Speaker 10: administration wants to go as far as perhaps Israel is
Speaker 10: interested in seeing it go.
Speaker 2: How far could Israel go? I mean, there's been ongoing
Speaker 2: attacks on nuclear facilities as well as ballistic missile sites.
Speaker 2: If Israel is aiming to completely destroy Iran's nuclear capabilities,
Speaker 2: can it do it without the US?
Speaker 10: Well, some of those facilities, particularly the Fordau facility, is
Speaker 10: buried deep in a mountain. It's not believed that, you know,
Speaker 10: constant bombing or missiles from Israel will really do the trick.
Speaker 10: The US is the only country that has this bunker
Speaker 10: buster bomb that it could deploy if it were interested
Speaker 10: in getting engaged. It's not even totally clear that that
Speaker 10: would do the trick. I mean this, these are very
Speaker 10: well fortified facilities. But it certainly has the best chance.
Speaker 10: And that's really why Israel wants the US to engage
Speaker 10: in this.
Speaker 2: All right, And while the President is still weighing this
Speaker 2: decision on getting the military more involved in Iran. He's
Speaker 2: gotten a legal victory when it comes to deploying the
Speaker 2: National Guard in Los Angeles. What's the latest here, Yeah.
Speaker 9: That's right.
Speaker 10: A three judge panel in San Francisco, a federal appeals panel,
Speaker 10: ruled that the Trump administration can keep using those California
Speaker 10: National Guard troops to respond to the protests in Los Angeles.
Speaker 10: There's been a big fight over this, with the California
Speaker 10: governor and the State of California basically arguing that Trump
Speaker 10: did not have the legal authority to deploy those forces
Speaker 10: the way they were called up. For now, at least,
Speaker 10: it looks like those forces will remain under federal control
Speaker 10: in the streets. They're largely protecting federal buildings. They haven't
Speaker 10: been involved really closely with the area that the protests
Speaker 10: were centered on. But I think it's part of a
Speaker 10: bigger picture here of the Trump administration wanting to keep
Speaker 10: this power in reserve if it needs to do this
Speaker 10: elsewhere in California or elsewhere in the country.
Speaker 2: And in our last thirty seconds, this isn't the end
Speaker 2: of the case, right, There's still a chance for appeal
Speaker 2: by California.
Speaker 10: Absolutely, California will very likely appeal. Actually, the appeals court
Speaker 10: that made this decision, it was just a three judge panel.
Speaker 10: The broader court as a whole could still take it up.
Speaker 10: And you know, this is another one of the many,
Speaker 10: many court cases in this administration that could eventually end
Speaker 10: up at the Supreme Court.
Speaker 3: This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 2: And I'm Nathan Hager join us again tomorrow morning for
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Speaker 2: here on Bloomberg Day.
Speaker 12: Ray