1
00:00:02,520 --> 00:00:07,040
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

2
00:00:09,960 --> 00:00:10,520
Speaker 2: Good morning.

3
00:00:10,560 --> 00:00:13,400
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

4
00:00:13,440 --> 00:00:14,920
Speaker 3: stories we're following today.

5
00:00:15,560 --> 00:00:18,200
Speaker 4: Karen, we begin with efforts to reopen the government. Four

6
00:00:18,280 --> 00:00:21,640
Speaker 4: days into a partial shutdown, President Trump is urging House

7
00:00:21,680 --> 00:00:24,120
Speaker 4: Republicans to pass the measure that would fund the Homeland

8
00:00:24,160 --> 00:00:26,880
Speaker 4: Security Department for two weeks. That's to allow for more

9
00:00:26,920 --> 00:00:30,680
Speaker 4: time to negotiate on limits to immigration enforcement. The President says,

10
00:00:30,720 --> 00:00:32,960
Speaker 4: even Democrats want to see this resolved.

11
00:00:33,440 --> 00:00:37,560
Speaker 5: I spoke with Senator Schumer numerous times, and I don't

12
00:00:37,560 --> 00:00:38,120
Speaker 5: think they want to.

13
00:00:38,080 --> 00:00:41,320
Speaker 4: See a shutdown in President Trump spoke from the Oval Office.

14
00:00:41,440 --> 00:00:44,600
Speaker 4: A couple of Republican holdouts, Anna Paulina Luna of Florida

15
00:00:44,640 --> 00:00:47,520
Speaker 4: and Tennessee's Tim Burchett, dropped their opposition to the bill

16
00:00:47,800 --> 00:00:50,120
Speaker 4: after speaking with the White House. That clears the way

17
00:00:50,159 --> 00:00:53,480
Speaker 4: for a vote today. House Minority Leader Hakim Jeffrey says

18
00:00:53,520 --> 00:00:55,880
Speaker 4: Democrats are pushing for dramatic changes.

19
00:00:56,360 --> 00:00:59,120
Speaker 6: The American people want to see the mass come off.

20
00:01:00,000 --> 00:01:03,560
Speaker 6: The American people want to see body cameras turned on.

21
00:01:03,880 --> 00:01:07,680
Speaker 4: How Democratic leader Hakim Jeffreys now Homeland Security Secretary Christy

22
00:01:07,760 --> 00:01:10,520
Speaker 4: Nomes says ICE agents will start wearing body cameras in

23
00:01:10,520 --> 00:01:14,000
Speaker 4: Minneapolis after the outcry over two American deaths there last month,

24
00:01:14,360 --> 00:01:17,360
Speaker 4: but as the shutdown continues, its effects are being felt.

25
00:01:17,400 --> 00:01:20,120
Speaker 4: The Labor Department says the January jobs report that was

26
00:01:20,200 --> 00:01:23,600
Speaker 4: due this Friday will be delayed because the agency is closed.

27
00:01:24,240 --> 00:01:24,559
Speaker 2: Nathan.

28
00:01:24,600 --> 00:01:28,240
Speaker 3: President Trump says he's seeking one billion dollars in damages

29
00:01:28,319 --> 00:01:31,440
Speaker 3: from Harvard University after The New York Times reported as

30
00:01:31,480 --> 00:01:34,919
Speaker 3: his administration had backed off demands for two hundred million

31
00:01:34,959 --> 00:01:39,320
Speaker 3: dollars to satisfy accusations of wrongdoing by the Ivy League institution.

32
00:01:39,720 --> 00:01:43,160
Speaker 3: Trump called the Times article completely wrong. The administration has

33
00:01:43,200 --> 00:01:46,720
Speaker 3: waged an aggressive campaign against Harvard and other universities over

34
00:01:46,840 --> 00:01:50,880
Speaker 3: accusations of anti semitism linked to campus protests against Israel's

35
00:01:50,920 --> 00:01:53,240
Speaker 3: military campaign in the Causa.

36
00:01:52,960 --> 00:01:55,800
Speaker 4: Strip car and their new developments in the Jeffrey Epstein case.

37
00:01:55,880 --> 00:01:59,000
Speaker 4: Former President Bill Clinton and his wife, former Secretary of

38
00:01:59,000 --> 00:02:01,840
Speaker 4: State Hillary Clinton, are now green two testify in the

39
00:02:01,840 --> 00:02:05,280
Speaker 4: House Oversight Committee's investigation into the late sex offender. The

40
00:02:05,360 --> 00:02:07,360
Speaker 4: full House had planned to vote this week to hold

41
00:02:07,360 --> 00:02:10,200
Speaker 4: the Clinton's and criminal contempt if they continued to defy

42
00:02:10,240 --> 00:02:14,240
Speaker 4: subpoenas now. Republican Congressman Virginia Fox says that vote is

43
00:02:14,280 --> 00:02:14,799
Speaker 4: on hold.

44
00:02:15,280 --> 00:02:20,919
Speaker 7: However, should there not be substantial compliance and agreement overnight,

45
00:02:21,720 --> 00:02:27,959
Speaker 7: the committee will return to continue the hearing on the contempt.

46
00:02:28,120 --> 00:02:30,920
Speaker 4: Republican Virginia Fox spoke at a committee hearing on the

47
00:02:30,960 --> 00:02:31,880
Speaker 4: contempt to vote.

48
00:02:32,280 --> 00:02:35,840
Speaker 3: In another development, Nathan, the NFL says it will review

49
00:02:35,919 --> 00:02:39,200
Speaker 3: emails that have surface between Jeffrey Epstein and New York

50
00:02:39,240 --> 00:02:42,600
Speaker 3: Giants co owner Steve Tish. Dozens of them were released

51
00:02:42,600 --> 00:02:46,280
Speaker 3: in the Justice Department's latest batch of millions of Epstein files.

52
00:02:46,520 --> 00:02:49,800
Speaker 3: Commissioner Roger Goodell says it's too soon to say whether

53
00:02:49,880 --> 00:02:51,520
Speaker 3: Tish will face punishment.

54
00:02:51,840 --> 00:02:55,080
Speaker 5: We are going to look at all thefax We're going

55
00:02:55,120 --> 00:02:56,720
Speaker 5: to look at the context of those, We're going to

56
00:02:56,720 --> 00:03:00,280
Speaker 5: try to understand that, and we'll look at how that

57
00:03:00,520 --> 00:03:03,120
Speaker 5: falls under the policy. But I think we'd take one

58
00:03:03,120 --> 00:03:04,880
Speaker 5: step at a time. Let's get the facts first.

59
00:03:05,560 --> 00:03:08,720
Speaker 3: NFL Commissioner Roger Goodell spoke at the league's annual pre

60
00:03:08,880 --> 00:03:11,840
Speaker 3: Super Bowl news conference. Hish released a statement saying he

61
00:03:11,880 --> 00:03:14,760
Speaker 3: had a brief association with Epstein but never took up

62
00:03:14,800 --> 00:03:17,680
Speaker 3: any of his invitations and never visited his island.

63
00:03:17,840 --> 00:03:20,960
Speaker 4: Now, Karen, let's turn to the latest on geopolitics. President

64
00:03:21,000 --> 00:03:23,920
Speaker 4: Trump says he anticipates talks with Iran over a new

65
00:03:24,040 --> 00:03:25,560
Speaker 4: nuclear deal in the coming days.

66
00:03:25,600 --> 00:03:28,600
Speaker 2: The President spoke with reporters at the White House right now,

67
00:03:28,600 --> 00:03:29,440
Speaker 2: we're talking to them.

68
00:03:29,440 --> 00:03:32,040
Speaker 1: We're talking to Iran, and if we can watch something out,

69
00:03:32,080 --> 00:03:36,880
Speaker 1: that'd be great, and if we can't, probably.

70
00:03:36,560 --> 00:03:37,480
Speaker 2: Bad things would happen.

71
00:03:37,880 --> 00:03:41,000
Speaker 4: President spoke after Iron Supreme Leader I had told Alikameeni

72
00:03:41,120 --> 00:03:43,360
Speaker 4: warned over the weekend of a regional war if his

73
00:03:43,440 --> 00:03:45,040
Speaker 4: country is attacked Nathan.

74
00:03:45,080 --> 00:03:48,720
Speaker 3: President Trump and India's Prime Minister and Narendra Modi have

75
00:03:48,800 --> 00:03:52,480
Speaker 3: agreed to a surprise the eldest slash American tariffs. US

76
00:03:52,560 --> 00:03:55,080
Speaker 3: levies on Indian goods are being cut from twenty five

77
00:03:55,120 --> 00:03:59,000
Speaker 3: to eighteen percent, will an additional twenty five percent punitive duty.

78
00:03:59,040 --> 00:04:02,600
Speaker 3: Time to purchase his Russian oil is being scrapped. Writing

79
00:04:02,600 --> 00:04:05,200
Speaker 3: on social media, the President said India had agreed to

80
00:04:05,240 --> 00:04:08,360
Speaker 3: buy five hundred billion dollars of US goods and halt

81
00:04:08,400 --> 00:04:11,080
Speaker 3: crude purchases from Russia as part of the deal.

82
00:04:11,320 --> 00:04:13,800
Speaker 4: Turning to the markets, now, Karen, futures are higher following

83
00:04:13,880 --> 00:04:17,039
Speaker 4: yesterday's gains on Wall Street dip buyers or back in

84
00:04:17,160 --> 00:04:20,479
Speaker 4: precious metals. Gold is up five and a half percent

85
00:04:20,560 --> 00:04:24,360
Speaker 4: after dropping thirteen percent the last two days, and silver

86
00:04:24,640 --> 00:04:27,520
Speaker 4: is surging more than twelve and a half percent this morning.

87
00:04:27,920 --> 00:04:31,400
Speaker 4: That precious metal plunged more than thirty percent since last week.

88
00:04:31,560 --> 00:04:34,800
Speaker 4: James Steele is Chief Precious Metals Analyst at HSBC.

89
00:04:35,640 --> 00:04:39,200
Speaker 8: Any commodity that has this parabolic rally that gold and

90
00:04:39,200 --> 00:04:42,360
Speaker 8: silver had and the new entrance into the market which

91
00:04:42,680 --> 00:04:46,040
Speaker 8: they were flooding in and have been for many many

92
00:04:46,080 --> 00:04:50,400
Speaker 8: months now, it really does invite a volatility and be

93
00:04:50,640 --> 00:04:54,840
Speaker 8: profit taking stroke liquidation on any news or developments that

94
00:04:55,160 --> 00:04:57,039
Speaker 8: run counter to gold.

95
00:04:57,440 --> 00:05:01,000
Speaker 4: HSBC Chief Precious Metals analyst jameson Steal thinks gold may

96
00:05:01,040 --> 00:05:03,280
Speaker 4: reach fifty five hundred dollars announced this year.

97
00:05:03,400 --> 00:05:05,800
Speaker 2: Right now, it's trading at forty nine to nineteen.

98
00:05:06,480 --> 00:05:09,680
Speaker 3: In company news, Nathan shares a Pallenteer they're at more

99
00:05:09,720 --> 00:05:13,440
Speaker 3: than ten percent this morning. The analytics company forecast revenue

100
00:05:13,480 --> 00:05:17,039
Speaker 3: for the year that significantly exceeded Well Street estimates. Gil

101
00:05:17,120 --> 00:05:20,320
Speaker 3: Luria covers Pallenteer for DA Davidson.

102
00:05:20,240 --> 00:05:24,320
Speaker 9: They exceeded very high expectations. Their growth accelerated from more

103
00:05:24,360 --> 00:05:28,040
Speaker 9: than sixty percent to more than seventy percent. There's no

104
00:05:28,160 --> 00:05:31,360
Speaker 9: other software company even close. If you look at software

105
00:05:31,400 --> 00:05:35,080
Speaker 9: companies two through ten, they're happy to grow somewhere between

106
00:05:35,120 --> 00:05:39,640
Speaker 9: twenty and thirty percent, and they're usually decelerate.

107
00:05:39,320 --> 00:05:42,400
Speaker 3: And Da Davidson's Galaloria. It's been a tough go for

108
00:05:42,520 --> 00:05:45,240
Speaker 3: Pallenteer as of late. The stock has dropped twenty nine

109
00:05:45,240 --> 00:05:48,760
Speaker 3: percent from its November peak and was down seventeen percent

110
00:05:48,880 --> 00:05:50,200
Speaker 3: to start twenty twenty six.

111
00:05:50,600 --> 00:05:53,160
Speaker 4: Karen, the world's richest man, is looking to fuel his

112
00:05:53,400 --> 00:05:58,000
Speaker 4: increasingly cost the ambitions in artificial intelligence and space exploration.

113
00:05:58,680 --> 00:06:01,839
Speaker 4: Bloomberg's John Tucker's here with more, John, what is Elon

114
00:06:01,960 --> 00:06:02,760
Speaker 4: Musk up to?

115
00:06:03,160 --> 00:06:08,200
Speaker 10: Well, Nita Musk Combining SpaceX and Xai, this is the

116
00:06:08,279 --> 00:06:11,640
Speaker 10: deal that values the enlarged entity at one and a

117
00:06:11,720 --> 00:06:15,280
Speaker 10: quarter trillion dollars. The deal brings together two of the

118
00:06:15,360 --> 00:06:18,320
Speaker 10: largest closely held companies in the world. It all sounds

119
00:06:18,320 --> 00:06:21,800
Speaker 10: a little buck Rogers. SpaceX said it acquired Xai to

120
00:06:21,880 --> 00:06:26,440
Speaker 10: form the most ambitious vertically integrated innovation engine on and

121
00:06:26,560 --> 00:06:30,960
Speaker 10: off Earth, with AI rockets, space based internet, direct to

122
00:06:31,000 --> 00:06:35,279
Speaker 10: mobile device communications and the world's foremost real time information

123
00:06:35,400 --> 00:06:39,040
Speaker 10: and free speech platform. That's free speech as defined by

124
00:06:39,040 --> 00:06:42,360
Speaker 10: Elon Musk and explaining the rationale for the deal. Musts

125
00:06:42,400 --> 00:06:44,800
Speaker 10: in the statement that the least expensive way to do

126
00:06:44,920 --> 00:06:49,159
Speaker 10: AI computations within two to three years will be in space.

127
00:06:49,920 --> 00:06:53,520
Speaker 10: SpaceX also requesting permission to launch as many as a

128
00:06:53,640 --> 00:06:57,800
Speaker 10: million satellites in the Earth orbit for this plan. The

129
00:06:57,839 --> 00:07:00,440
Speaker 10: company is still expended to hold an initial public offering

130
00:07:00,560 --> 00:07:03,400
Speaker 10: later this year, according to our sources in New York,

131
00:07:03,440 --> 00:07:10,560
Speaker 10: Im John Tucker Bloomberg Radio.

132
00:07:08,440 --> 00:07:10,240
Speaker 3: Time Now for a look at some of their stories

133
00:07:10,240 --> 00:07:12,440
Speaker 3: making news in New York and around the world, and

134
00:07:12,440 --> 00:07:14,320
Speaker 3: for that we're joined by Bloomberg's Michael Barr.

135
00:07:14,320 --> 00:07:17,560
Speaker 6: Michael, good Morning, Good morning Karen. President Donald Trump called

136
00:07:17,560 --> 00:07:21,840
Speaker 6: on Republicans to seize control of election processes from individual

137
00:07:21,920 --> 00:07:26,160
Speaker 6: states and nationalize it, signaling that he may push for

138
00:07:26,280 --> 00:07:29,440
Speaker 6: drastic measures to change the dynamics of the midterm elections.

139
00:07:29,800 --> 00:07:33,720
Speaker 6: President Trump's powers to change election policies are limited the

140
00:07:33,960 --> 00:07:38,120
Speaker 6: US Constitution in dall's state legislatures, with the power to

141
00:07:38,440 --> 00:07:42,680
Speaker 6: set the time, place, and manner of holding elections. New

142
00:07:42,800 --> 00:07:45,520
Speaker 6: York City Mayor Zuron Mamdani said Monday, and that the

143
00:07:45,560 --> 00:07:48,080
Speaker 6: bitter cold claimed two more lives in the city.

144
00:07:48,480 --> 00:07:51,040
Speaker 11: Sixteen of our fellow New Yorkers have passed away outside

145
00:07:51,280 --> 00:07:54,560
Speaker 11: during this brutal stretch of cold. In thirteen of these cases,

146
00:07:54,840 --> 00:07:58,360
Speaker 11: preliminary findings indicate that hypothermia played a role, and three

147
00:07:58,400 --> 00:08:00,360
Speaker 11: of these deaths appear to be overdose steps.

148
00:08:01,240 --> 00:08:04,200
Speaker 6: More autopsy results are still coming in from the Medical

149
00:08:04,240 --> 00:08:08,680
Speaker 6: Examiner's office. Mamdannie says they are continuing to do everything

150
00:08:09,000 --> 00:08:11,920
Speaker 6: in our power to get every New Yorker into a

151
00:08:12,040 --> 00:08:15,360
Speaker 6: shelter where they will be warm. Whether related deaths have

152
00:08:15,400 --> 00:08:18,480
Speaker 6: also been reported in New Jersey, Long Island and across

153
00:08:18,560 --> 00:08:23,800
Speaker 6: the nation. A dozen Palestinians returned to be allowed into

154
00:08:23,880 --> 00:08:28,480
Speaker 6: Gazam and a few medical evacuees exited to Egypt Monday,

155
00:08:28,920 --> 00:08:32,400
Speaker 6: after the long awaited reopening of the Rafa border crossing

156
00:08:32,679 --> 00:08:36,679
Speaker 6: was marred by delays. Authorities say Nancy Guthrie, the eighty

157
00:08:36,679 --> 00:08:39,800
Speaker 6: four year old mother of Today's show host Savannah Guthrie,

158
00:08:40,040 --> 00:08:42,920
Speaker 6: may have been kidnapped while she slept. She has been

159
00:08:42,960 --> 00:08:45,880
Speaker 6: missing since Saturday night, when she was in her home.

160
00:08:46,280 --> 00:08:50,000
Speaker 6: They say, if she does not receive her regular medication,

161
00:08:50,240 --> 00:08:53,800
Speaker 6: soon her life could be at risk. Former CNN anchor

162
00:08:53,920 --> 00:08:57,120
Speaker 6: Don Lemon answered questions about his arrest over coverage of

163
00:08:57,160 --> 00:09:00,520
Speaker 6: an anti ice protest at a Minnesota church, and spoke

164
00:09:00,559 --> 00:09:02,880
Speaker 6: with ABC Late Night host Jimmy Kimmel.

165
00:09:03,120 --> 00:09:05,880
Speaker 2: I'm not a protester. I went there to be a journalist.

166
00:09:05,880 --> 00:09:10,000
Speaker 6: I went there to chronicle and document and record. Lemon

167
00:09:10,120 --> 00:09:13,160
Speaker 6: also says he was arrested during the pre Grammy coverage

168
00:09:13,160 --> 00:09:16,480
Speaker 6: in Los Angeles, although he had offered days earlier to

169
00:09:16,520 --> 00:09:20,080
Speaker 6: surrender to federal agents. Lemon is charged under the Face Act,

170
00:09:20,200 --> 00:09:23,800
Speaker 6: making it illegal to obstruct or prevent people from exercising

171
00:09:23,840 --> 00:09:27,400
Speaker 6: religious freedoms in places of worship. Global News twenty four

172
00:09:27,440 --> 00:09:29,400
Speaker 6: hours a day and whenever you want it with the

173
00:09:29,400 --> 00:09:32,520
Speaker 6: Bloomberg News Now, Michael barn This is Bloomberg.

174
00:09:32,600 --> 00:09:34,400
Speaker 2: Karen, Thanks Michael.

175
00:09:34,400 --> 00:09:37,360
Speaker 3: All time now for our Bloomberg Sports updating. For that,

176
00:09:37,520 --> 00:09:39,640
Speaker 3: we bring in John Stashauer, Hes.

177
00:09:39,480 --> 00:09:41,600
Speaker 2: Darren Cawch basketball double header of the ACC.

178
00:09:41,800 --> 00:09:45,280
Speaker 12: North Caromina beat Syracuse eighty seven, seventy seven of the

179
00:09:45,320 --> 00:09:48,120
Speaker 12: Big Twelve. Kansas won sixty four to sixty one at

180
00:09:48,160 --> 00:09:52,760
Speaker 12: Texas Tech. NBA trade deadline Thursday, three o'clock does Milwaukee

181
00:09:52,800 --> 00:09:54,959
Speaker 12: trade Giannis. Unto the Kompo, the team said to be

182
00:09:55,040 --> 00:09:58,760
Speaker 12: most interested the Nicks, Miami, Golden State, and Minnesota. At

183
00:09:58,800 --> 00:10:02,640
Speaker 12: the Super Bowl, fl Roger Goodell says needs to be

184
00:10:02,720 --> 00:10:06,839
Speaker 12: done on improving diversity. Ten coaches were just hired, none

185
00:10:06,880 --> 00:10:09,320
Speaker 12: of them African American. That to Bloomberg Sports Upteat.

186
00:10:10,920 --> 00:10:14,680
Speaker 3: Stay with us. More from Bloomberg Daybreak coming up after this.

187
00:10:18,880 --> 00:10:23,040
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

188
00:10:23,160 --> 00:10:26,000
Speaker 1: and around the world on Bloomberg dot Com and the

189
00:10:26,040 --> 00:10:29,120
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

190
00:10:29,200 --> 00:10:30,360
Speaker 2: Good morning, I'm Nathan Hager.

191
00:10:30,440 --> 00:10:33,800
Speaker 4: Diplomacy maybe taking a front seat between the US and Iran.

192
00:10:33,880 --> 00:10:36,640
Speaker 4: President Trump says he expects new talks on a new

193
00:10:36,760 --> 00:10:40,080
Speaker 4: nuclear deal in the coming days, even as he continues

194
00:10:40,120 --> 00:10:42,400
Speaker 4: to one of a big armada in the Persian Gulf.

195
00:10:42,440 --> 00:10:45,599
Speaker 4: Defense Secretary Pete Hegseth says Iran can never have a

196
00:10:45,679 --> 00:10:46,480
Speaker 4: nuclear weapon.

197
00:10:46,720 --> 00:10:50,839
Speaker 3: They can either negotiate on that front or if we

198
00:10:50,880 --> 00:10:52,160
Speaker 3: have other options, that's why the.

199
00:10:52,200 --> 00:10:53,040
Speaker 2: Ward department in two.

200
00:10:53,240 --> 00:10:56,760
Speaker 4: Defense Secretary Pete Hegseth spoke on a tarmac in Florida

201
00:10:56,840 --> 00:10:59,920
Speaker 4: this morning. We're joined by Bloomberg News national security reporter

202
00:11:00,440 --> 00:11:04,440
Speaker 4: Nick Wadham, So, Nick, the President says talks are coming,

203
00:11:04,559 --> 00:11:08,040
Speaker 4: while he's still warning of these big ships in the Gulf.

204
00:11:08,200 --> 00:11:10,120
Speaker 2: Where do things stand this morning.

205
00:11:11,240 --> 00:11:14,880
Speaker 13: That's a great question, Nathan. The administration is not saying.

206
00:11:14,920 --> 00:11:17,640
Speaker 13: But what we do know is that there's the possibility

207
00:11:17,679 --> 00:11:21,920
Speaker 13: at least of an off ramp. US officials are expected

208
00:11:21,920 --> 00:11:26,000
Speaker 13: to meet face to face with Iranian officials in the

209
00:11:26,040 --> 00:11:29,800
Speaker 13: coming days, though you know, the terms of those discussions

210
00:11:29,800 --> 00:11:33,200
Speaker 13: are not clear, given that Trump has said earlier the

211
00:11:33,240 --> 00:11:37,160
Speaker 13: Iranian nuclear program had been completely obliterated by those airstrikes

212
00:11:37,600 --> 00:11:41,880
Speaker 13: last June. So what exactly they would negotiate over is

213
00:11:42,000 --> 00:11:44,240
Speaker 13: one big question. And then, of course the other is,

214
00:11:44,640 --> 00:11:46,880
Speaker 13: you know, the president, as we saw from Venezuela, he

215
00:11:46,960 --> 00:11:50,679
Speaker 13: deploys a big military force in the region. It's going

216
00:11:50,760 --> 00:11:53,959
Speaker 13: to take something pretty big for him not to feel

217
00:11:54,000 --> 00:11:57,280
Speaker 13: the compulsion to use it. So we've got a lot

218
00:11:57,280 --> 00:12:00,520
Speaker 13: of questions swirling around what exactly these talks will look like.

219
00:12:01,160 --> 00:12:04,200
Speaker 4: Is there still the question about what the ultimate goals

220
00:12:04,280 --> 00:12:07,960
Speaker 4: are here? Because last month the President was talking about

221
00:12:08,120 --> 00:12:12,720
Speaker 4: potentially attacking Iran over the protest crackdown in that country.

222
00:12:12,800 --> 00:12:16,680
Speaker 4: Now it seems there's been a pivot to putting nuclear

223
00:12:17,120 --> 00:12:19,920
Speaker 4: talks back in the discussion, right, So this.

224
00:12:19,840 --> 00:12:22,240
Speaker 13: Has been one of the issues that's been a little

225
00:12:22,240 --> 00:12:25,559
Speaker 13: bit confusing to try to discern what the administration's strategy

226
00:12:25,559 --> 00:12:28,920
Speaker 13: actually is, because, as you mentioned, President Trump had indicated

227
00:12:29,240 --> 00:12:32,480
Speaker 13: earlier that he was sending these military forces there essentially

228
00:12:32,559 --> 00:12:34,640
Speaker 13: as a way to get Iran to stop cracking down

229
00:12:34,679 --> 00:12:38,000
Speaker 13: on these protests that have rocked the country in recent weeks.

230
00:12:38,000 --> 00:12:40,560
Speaker 13: But then he came out with this sort of surprise

231
00:12:40,679 --> 00:12:43,960
Speaker 13: social media post last week where he said, you know,

232
00:12:44,040 --> 00:12:47,240
Speaker 13: his big demand was no nuclear weapon. We've since learned

233
00:12:47,240 --> 00:12:50,600
Speaker 13: that it seems the US officials want to expand those

234
00:12:50,640 --> 00:12:54,280
Speaker 13: discussions to put limits on Iran's ballistic missile program and

235
00:12:54,320 --> 00:12:57,720
Speaker 13: also so that it doesn't fund proxy groups in the

236
00:12:57,760 --> 00:13:00,960
Speaker 13: Middle least. So that's a pretty expansive of demands that

237
00:13:01,040 --> 00:13:03,360
Speaker 13: Iran's going to have a hard time agreeing to, especially

238
00:13:03,360 --> 00:13:07,280
Speaker 13: on the ballistic missiles. But again we have not really

239
00:13:07,320 --> 00:13:12,640
Speaker 13: gotten precise clarity on what President Trump actually wants the

240
00:13:12,679 --> 00:13:13,600
Speaker 13: Iranians to do.

241
00:13:14,080 --> 00:13:16,840
Speaker 4: Of course, we heard over the weekend from Iran Supreme

242
00:13:16,920 --> 00:13:20,640
Speaker 4: leader the Iatola, warning of a regional war if the

243
00:13:20,640 --> 00:13:24,719
Speaker 4: country's attacked at the same time, Iran's been holding regional discussions.

244
00:13:24,720 --> 00:13:27,080
Speaker 4: Do we have a sense of where Iran's stance is

245
00:13:27,160 --> 00:13:28,959
Speaker 4: right now, Well.

246
00:13:29,000 --> 00:13:31,480
Speaker 13: You know, they have a very tricky line to walk

247
00:13:31,720 --> 00:13:33,959
Speaker 13: walk because you know, on the one hand, the US

248
00:13:34,040 --> 00:13:38,240
Speaker 13: has launched air strikes against them directly under President Trump

249
00:13:38,679 --> 00:13:41,120
Speaker 13: last June, and that was pretty devastating, and there was

250
00:13:41,160 --> 00:13:45,280
Speaker 13: this twelve day war with Israel where Israel also essentially

251
00:13:45,320 --> 00:13:49,960
Speaker 13: gained total dominance over there over their skies, so they

252
00:13:50,080 --> 00:13:52,560
Speaker 13: have to be careful there while also trying to retain

253
00:13:52,640 --> 00:13:56,800
Speaker 13: their own legitimacy and project a sense of control. So

254
00:13:56,880 --> 00:13:59,319
Speaker 13: they have said, listen, we are going we are willing

255
00:13:59,360 --> 00:14:01,600
Speaker 13: to have these conversations with the US.

256
00:14:01,320 --> 00:14:03,800
Speaker 2: But we are not going to do so under threat.

257
00:14:03,840 --> 00:14:04,000
Speaker 11: Now.

258
00:14:04,000 --> 00:14:07,480
Speaker 13: Obviously, if you have an aircraft carrier off of Iran,

259
00:14:07,640 --> 00:14:09,640
Speaker 13: it does appear they're not going to have much choice

260
00:14:09,640 --> 00:14:12,880
Speaker 13: but to do those conversations under threat. But I think

261
00:14:12,880 --> 00:14:15,160
Speaker 13: what you're seeing is they are looking for the US,

262
00:14:15,200 --> 00:14:17,800
Speaker 13: at least for now, whether this is unrealistic or not,

263
00:14:17,880 --> 00:14:20,440
Speaker 13: to try to tone down the rhetoric a little bit

264
00:14:20,880 --> 00:14:24,040
Speaker 13: so they can do these talks and save some face

265
00:14:24,840 --> 00:14:27,320
Speaker 13: heading into them. What the outcome will be and what

266
00:14:27,360 --> 00:14:29,280
Speaker 13: they're actually going to be forced to agree to is

267
00:14:29,320 --> 00:14:29,800
Speaker 13: another thing.

268
00:14:29,960 --> 00:14:35,120
Speaker 3: Entirely. This is Bloomberg Daybreak, your morning podcast and the

269
00:14:35,200 --> 00:14:38,680
Speaker 3: stories making news from Wall Street to Washington and beyond.

270
00:14:38,960 --> 00:14:41,360
Speaker 4: Look for us on your podcast feed by six am

271
00:14:41,400 --> 00:14:44,800
Speaker 4: Eastern each morning, on Apple, Spotify, or anywhere else you listen.

272
00:14:45,000 --> 00:14:47,840
Speaker 3: You can also listen live each morning starting at five

273
00:14:47,880 --> 00:14:50,600
Speaker 3: am Wall Street Time on Bloomberg eleven three to zero

274
00:14:50,600 --> 00:14:53,520
Speaker 3: in New York, Bloomberg in ninety nine to one in Washington,

275
00:14:53,560 --> 00:14:57,520
Speaker 3: Bloomberg ninety two nine in Boston, and nationwide on serious

276
00:14:57,720 --> 00:14:59,280
Speaker 3: XM Channel one twenty one.

277
00:15:00,080 --> 00:15:02,600
Speaker 4: Listen coast to coast on the Bloomberg Business app now

278
00:15:02,640 --> 00:15:05,200
Speaker 4: with Apple CarPlay and Android auto interfaces.

279
00:15:05,480 --> 00:15:08,480
Speaker 3: And don't forget to subscribe to Bloomberg News Now. It's

280
00:15:08,520 --> 00:15:11,240
Speaker 3: the latest news whenever you want it in five minutes

281
00:15:11,360 --> 00:15:14,480
Speaker 3: or less. Search Bloomberg News Now on your favorite podcast

282
00:15:14,480 --> 00:15:18,680
Speaker 3: platform to stay informed all day long. I'm Karen Moscow.

283
00:15:18,440 --> 00:15:19,440
Speaker 2: And I'm Nathan Hager.

284
00:15:19,560 --> 00:15:21,640
Speaker 4: Join us again tomorrow morning for all the news you

285
00:15:21,680 --> 00:15:24,440
Speaker 4: need to start your day right here on Bloomberg Daybreak