Speaker 1: News when you want it with Bloomberg News Now. I'm
Speaker 1: Dan Schwartzman. Oil is extending gains. That is after iron
Speaker 1: says an agreement with Homan establishing a shipping route through
Speaker 1: the Strait of Hormuz was quote very close, but remain
Speaker 1: short of a final deal. But they have ruled out
Speaker 1: direct talks with the US for now, citing US violations
Speaker 1: for a short lived interim peace agreement, and is instead
Speaker 1: exchanging messages through intermediaries. Iran has cautioned that any agreement
Speaker 1: won't result in its immediate opening unless the US meets
Speaker 1: certain conditions that includes lifting a naval blockade and removing sanctions.
Speaker 1: Here's Mark Esper, former Defense secretary during the first Trump administration,
Speaker 1: speaking on ABC's This Week.
Speaker 2: While that agreement sits on a precipice, they have put
Speaker 2: forward demands of the United States which frankly are ridiculous
Speaker 2: and should be rejected out of hand. Demands such as
Speaker 2: the withdrawal of all US forces from the region, reimbursement
Speaker 2: for the costs of the war.
Speaker 1: That's Mark Gsper, former Defense secretary, speaking on ABC's This Week.
Speaker 1: President Trump said that he's prepared to allow economic pressure
Speaker 1: on Iran to mount rather than ordering a new military offensive.
Speaker 1: Trump tells Axiosa that the US is quote low keying
Speaker 1: it and quote semi negotiating with Iran, which he described
Speaker 1: as being in quote very bad shape economically. Meantime, Iran
Speaker 1: promoted a hardline ex commander as its top security official,
Speaker 1: shaking up its highest decision making body on national defense.
Speaker 1: According to the state run Islamic Republic News agency, moss
Speaker 1: In Razaii was appointed the new leader of the Supreme
Speaker 1: National Security Council. Razai, a former commander of the Islamic
Speaker 1: Revolutionary Guard Corps, has been a key figure in iran
Speaker 1: security apparatus for years and previously advocated for advancing Iran's
Speaker 1: nuclear program. Meantime, Steve Feinberg, the Deputy Secretary of Defense,
Speaker 1: has asked major US defense companies to step up production
Speaker 1: and deliver key weapons systems. The request was made in
Speaker 1: a letter seen by Bloomberg to defense companies including Boeing, Lockheed,
Speaker 1: martin In, RTX Corps, amid concerns over weapons shortages due
Speaker 1: to the ongoing war in Iran. Beca Wasser covers Defense
Speaker 1: for Bloomberg Economics.
Speaker 3: Obviously, there's been so much focus on munitions consumed in
Speaker 3: the Iran war, but he really focused on some of
Speaker 3: those next generational weapons, trying to speed production so that
Speaker 3: it becomes ingrained within those production cycles for those to
Speaker 3: be delivered faster. The problem is he's looking at some
Speaker 3: of the most complex weapons, including things that are needed
Speaker 3: for air defense systems that could be part of Trump's
Speaker 3: Golden Dome project, which is intended to protect all of
Speaker 3: America from all out aerial attack, which is a pretty
Speaker 3: big ask.
Speaker 1: That's Becha Wasser on Bloomberg. This weekend, the Pentagon asked
Speaker 1: companies to submit their plans by late August. Is really
Speaker 1: Prime Minister Benjamin Natanya who rejected a proposal by US
Speaker 1: backed mediators for disarming Hamas. Netanya who said the IDEF
Speaker 1: will not carry out any withdrawal until Hamas is genuinely
Speaker 1: disarmed and it will continue to thwart threats against Israeli
Speaker 1: forces and citizens. Back in the States, more Republican senators
Speaker 1: are calling from battled Representative Max Miller to step down
Speaker 1: or allegations he physically abused his former wife and two
Speaker 1: year old daughter. Here's Jim Banks, Indiana Republican Senator, speaking
Speaker 1: on NBC's Meet the Press.
Speaker 4: It's heartbreaking to see all of this play out publicly.
Speaker 4: The allegations against him are terrible, and if he's endangering
Speaker 4: a seat in Congress, as we're trying to keep the
Speaker 4: majority in the House, and he should drop out. If
Speaker 4: he's endangering that seat, he should drop out because of
Speaker 4: the allegations against him.
Speaker 1: That Senator Jim Banks on NBC's Meet the Press. Miller
Speaker 1: has denied the allegations and said he won't step down.
Speaker 1: He remains on the ballot for the November general election.
Speaker 1: Democrats are set to raise big money for the upcoming
Speaker 1: midterms during the August recess, even while bashing big money
Speaker 1: corporate cash. Bloomberg's Amy Morris reports from Washington.
Speaker 5: This election cycle is bringing on mounting political pressure for corporations.
Speaker 5: More candidates bashing corporate packs on the campaign trail, especially
Speaker 5: on the Democratic side, where it is a signature cause
Speaker 5: in high profile primaries, and that will likely continue into November,
Speaker 5: setting up debates over tax, healthcare, and money in politics debates.
Speaker 5: The political ad tracking firm ad Impact finds mentions of
Speaker 5: corporate packs have nearly doubled in broadcast campaign ads this cycle.
Speaker 5: In Washington, Amy Moore as Bloomberg Radio.
Speaker 1: Taylor Farms is pulling prepared food items containing jalapenos, such
Speaker 1: as salsa and guacamole, from retailers due to concerns over salmonella.
Speaker 1: The move comes weeks after federal health officials tied the
Speaker 1: produce company to a separate outbreak of cyclospora. The recall
Speaker 1: effects products distributed to more than two dozen states and
Speaker 1: was issued after an earlier recall by Coast Citrus Distributors.
Speaker 1: Taylor Farm said it is unaware of any reported illnesses
Speaker 1: linked to the voluntary recalled items. This week, Wall Street's
Speaker 1: focus is on inflation. Here's Bloomberg's Andrew O'Day.
Speaker 6: Bloomberg Economics predicts we could get a rating of flats
Speaker 6: for months to month inflation from Wednesday's consumer price index
Speaker 6: and an increase of three point three percent year to year.
Speaker 6: The so called core inflation rate, which factors out seasonal
Speaker 6: food and energy fluctuations, could come in at the smallest
Speaker 6: since twenty twenty one, and if so, could spur upward
Speaker 6: ball straight action on the belief that immediate pressure is
Speaker 6: off the FED to hike indurist raids and here rode
Speaker 6: Bloomberg Radio.
Speaker 1: Don Nelson, the second winningest coach in NBA history, has died.
Speaker 1: His family confirmed the death in a statement. Nelson won
Speaker 1: five championships as a player with the Boston Celtics, and
Speaker 1: he was a three time Coach of the Year. He's
Speaker 1: one of just two coaches in NBA history to have
Speaker 1: at least two hundred and fifty wins with three different franchises.
Speaker 1: Nelson was eighty six and that's news when he won
Speaker 1: it with Bloomberg News. Now I'm Dan Schwartzman, and this
Speaker 1: is Bloomberg