Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today, Karen.
Speaker 3: Fighting between Israel and Iran is now into its fourth
Speaker 3: day with no sign of easing. Iran has fired several
Speaker 3: waves of drones and missiles over the last twenty four hours,
Speaker 3: while Israel continued hitting the Islamic Republic's capital, Tehran, killing
Speaker 3: one more senior military official Stuart Livingston Wallace heads are
Speaker 3: Middle East coverage.
Speaker 4: It's a combination of what appear to be very precise
Speaker 4: strikes by Israel on Iranian targets, and that largely encompasses
Speaker 4: nuclear sides military sites. And it does appear at this
Speaker 4: stage and given everything we've seen over the last four days,
Speaker 4: that Israel now more or less has a free hand
Speaker 4: within Iran, and it's been quite surprising, I suppose, how
Speaker 4: little response Iran seems to have those strikes. And then
Speaker 4: on the other side, it's been sort of throwing back
Speaker 4: ballistic missiles and drones in very large quantities, and that
Speaker 4: seems to be a lot less precise, I mean largely
Speaker 4: the strategy there seems to be to try and overwhelm
Speaker 4: Israel's rather impressive defenses.
Speaker 3: Bloomberg, Stewart Livingston Wallace reports the casualty toll is rising.
Speaker 3: Iran's government says two hundred twenty four people have been killed,
Speaker 3: while Israel says Iranian attacks killed twenty three people and
Speaker 3: injured more than four hundred well Nathan.
Speaker 2: President Trump says he believes Israel and Iran could eventually
Speaker 2: reach a peace agreement, but suggested they may have to
Speaker 2: continue their conflict before coming to the negotiating table. The
Speaker 2: President spoke to reporters as he prepared to board Marine one.
Speaker 5: I think it's time for a deal, and we'll see
Speaker 5: what happens.
Speaker 6: But sometimes they have to fight it out. But we're
Speaker 6: going to see what happens.
Speaker 3: I think there's a good chance he'll.
Speaker 2: Be a deal, President Trump, speaking before he left to
Speaker 2: attend the G seven summit in Canada. The conflict threatens
Speaker 2: to open a new rift at the high level gathering
Speaker 2: of world leaders. We get more from Bloomberg. There's David
Speaker 2: Gura in Alberta, Canada.
Speaker 7: Conflict in the Middle East is casting a shadow over
Speaker 7: this meeting of the Group of Seven, even if it
Speaker 7: hasn't scuttled the official agenda. Several world leaders have called
Speaker 7: on Iran and Israel to de escalate the situation, and
Speaker 7: it's unclear if the group will issue a formal statement
Speaker 7: on the conflict. A broader joint communicate is not in
Speaker 7: the cards. Prime Minister Mark Carney is being careful not
Speaker 7: to upset President Trump, who withdrew from that agreement the
Speaker 7: last time Canada hosted the G seven in twenty eighteen
Speaker 7: in baff Alberta, Canada.
Speaker 8: I'm David Gura, Bloomberg Radio. All right, David, thank you.
Speaker 3: President Trump appears to be doubling down on his mass
Speaker 3: deportation policy after a weekend of protests across the country.
Speaker 3: In a truth social post last night, the President called
Speaker 3: on ICE agents to expand deportations in the largest US cities,
Speaker 3: including Los Angeles, New York, and Chicago. Democratic Senator Alex
Speaker 3: Padia of California says the raids are going too far
Speaker 3: for all.
Speaker 9: To talk about the focus and targeting of violent criminals.
Speaker 9: If that's all the Trump administration was doing, there would
Speaker 9: be not debate. As you're hearing more and more stories
Speaker 9: of undocumented long term resident of the United States were
Speaker 9: otherwise law abiding that's who's being targeted.
Speaker 3: California Senator Alex Padia appeared on CBS's Face the Nation
Speaker 3: heard Sundays on Bloomberg Radio. Last week, President Trump appeared
Speaker 3: to acknowledge the impact his policies have had on rural
Speaker 3: communities and promised changes to protect farm and hotel workers.
Speaker 1: Nathan.
Speaker 2: A manhunt that lasted much of the weekend is over
Speaker 2: in Minnesota. Suspect is in custody and the killing of
Speaker 2: Democratic state lawmaker Melissa Hortman and her husband and the
Speaker 2: shooting of State Senator John Hoffman and his wife. Minnesota
Speaker 2: Governor Tim Walld says the suspect, fifty seven year old
Speaker 2: Van Spoulterer, was arrested after a trail camera picked him
Speaker 2: up near his farm. The FBI had been offering fifty
Speaker 2: thousand dollars for information leading to his arrest.
Speaker 10: To the law enforcement who stand here and the hundreds
Speaker 10: who were involved in this, the State of Minnesota owes
Speaker 10: you a deep gread of gratitude. Thank you, you ran
Speaker 10: towards the danger and you served the State of Minnesota.
Speaker 2: Governor wals announced the arrest last night. Authorities are still
Speaker 2: investigating a motive behind the attack. A government document seen
Speaker 2: by Bloomberg News points to a purported hit list at
Speaker 2: the crime scene that included the names of several Minnesota
Speaker 2: politicians and abortion providers in the state.
Speaker 3: Karen, let's turn to markets now. Futures are higher as
Speaker 3: we kick off a new trading week, a week that
Speaker 3: will be highlighted by a Fed decision. It's bringing Bloomberg
Speaker 3: John Tucker with the very latest, John, good Morning.
Speaker 11: And Nathan. The Central Bank concludes it's two day meeting
Speaker 11: on Wednesday. This is expected to hold rates steady this meeting,
Speaker 11: but there could be some change in tone about possible
Speaker 11: future cuts at Chairman Jerome Powell's press conference that follows
Speaker 11: the meeting. Robert Dishner is with Newburger Berman.
Speaker 3: We're still of the belief the Fed's going to cut
Speaker 3: twice this year. The forecast may move down to one
Speaker 3: cut this year, But does then the Fed give the
Speaker 3: market something for next year?
Speaker 8: Do they increase that to three cuts next year?
Speaker 11: Well, policy makers have been pretty clear before they could
Speaker 11: make a move beneath the White House to resolve the
Speaker 11: big question marks around Tarff's immigration and taxes. It is
Speaker 11: there's a tax on a RN have also introduced another
Speaker 11: element of uncertainty. Well, the FED meeting comes as President
Speaker 11: Trump has turned up the pressure on Jerome Pal to
Speaker 11: lower rates. A fourth straight meeting without a cut could
Speaker 11: provoke another tie rate from the President, got to York,
Speaker 11: Come John Tucker, Bloomberg Radio.
Speaker 2: John, thank you. In sports, it was quite a memorable
Speaker 2: finish at the US Open in Oakmont. Let's spring in
Speaker 2: Bloomberg Sports reporter John stash Hour with the dramatic details.
Speaker 8: John, Good morning, Mary Karen.
Speaker 6: It was an Open where all the golfers struggled against
Speaker 6: the mighty Oakmont course, but it ended with a remarkable
Speaker 6: sixty five foot pot on the last hole for the win.
Speaker 8: JJ Spon fall up and over the ridge. It's on
Speaker 8: a very good line, just could go in J J
Speaker 8: Spon makes sense. It's the biggest one in his career.
Speaker 3: JJ Spon conquers Oakmont And as you're one hundred and
Speaker 3: twenty fifth US Open champion.
Speaker 6: US Open Radio, I had the call that was the
Speaker 6: longest that anyone had made throughout the four rounds. It
Speaker 6: left Spawn with the only underpar score and unlikely Open champion.
Speaker 6: He only won one PGA tournament in his career. Well
Speaker 6: here from him, coming up shortly, John Stashieware Bloomberg Sports.
Speaker 3: Yeah, it got to be one of the loudest golf
Speaker 3: calls I've heard in quite some time. Thank you for that, John.
Speaker 3: Back to markets now, we're watching shares of Caring. They
Speaker 3: are hired by more than ten percent. In Europe, the
Speaker 3: owner of the struggling Gucci fashion label is preparing to
Speaker 3: name the chief executive officer of Renault as its next
Speaker 3: CEO in a bid for a turnaround. Bloomberg News has
Speaker 3: learned that Luca Demeyo is going to be appointed to
Speaker 3: the job in the coming days. Watching shares of Renault,
Speaker 3: they are down more than seven percent.
Speaker 2: Nathan, another activist investor, is seeking changes at Victoria's secret.
Speaker 2: Bloomberg News has learned Barrington Capitol Group, which has built
Speaker 2: a stake in the lingerie retailer, plans to push for
Speaker 2: a board overhaul. Earlier this month, one of Victoria's secrets.
Speaker 2: The largest investors BBRC International, also called for me board
Speaker 2: changes and.
Speaker 3: Back in this country. Shares of Serepta Therapeutics. They are
Speaker 3: down more than thirty six percent. That company paused a
Speaker 3: clinical trial after a second patient died of acute liver
Speaker 3: failure after being treated with Serepta's gene therapy for a
Speaker 3: rare muscle disorder.
Speaker 8: And it's time now for a.
Speaker 2: Look at some of their stories making news in New
Speaker 2: York and around the world, and for that were joined
Speaker 2: by Bloomberg's Michael Barr Michael, Good Morning.
Speaker 12: Good Morning Karen. More than two thousand nationwide so called
Speaker 12: No Kings events were held over the weekend. While most
Speaker 12: were lawful, there was trouble at some. In Salt Lake City,
Speaker 12: what started out as a peaceful protest turned into chaos.
Speaker 12: Gunfire broke out, killing a thirty nine year old man.
Speaker 12: There were confrontations between police and protesters in Portland, Oregon,
Speaker 12: in Washington State, and in Atlanta. In Los Angeles, police
Speaker 12: broke up crowds. The LAPD says thirty five people were
Speaker 12: arrested for breaking the city and Poe curfew after crowds
Speaker 12: turned out for the No King's protest. As he left
Speaker 12: the White House yesterday to attend the G seven summon
Speaker 12: in Canada, President Trump credited National Guard troops he activated
Speaker 12: for peaceful protests in Los Angeles.
Speaker 2: They come and.
Speaker 6: They check, and they say, is the National Guard.
Speaker 12: Going to be there?
Speaker 9: And if the National Guards being there.
Speaker 6: They don't even show up.
Speaker 12: Meanwhile, the Mayor of Los Angeles, Karen Bass, credits the
Speaker 12: curfew for keeping the peace. The jury in Karen Reid's
Speaker 12: murder retrial returns to deliberations today. Read is charged and
Speaker 12: the murder of her Boston Police officer boyfriend. In twenty
Speaker 12: twenty two. The first trial ended in a hung jury.
Speaker 12: The defense is raising concerns about the complexity of juror guidelines.
Speaker 12: Heavy rain has killed at least five people in West Virginia,
Speaker 12: including a three year old child. This person escaped a
Speaker 12: flooded apartment building in Fairmont.
Speaker 1: First four of our building was completely flooded and all
Speaker 1: of our belongings destroyed and gone. Have the dog that
Speaker 1: stunts building and I know for us.
Speaker 12: Today and half the governor says several more people are missing.
Speaker 12: Two top union leaders have quit their post in the
Speaker 12: Democratic National Committee. According to The New York Times, it's
Speaker 12: over a dispute with the party's new chairman, Ken Martin.
Speaker 12: Randy Wegarden, leader of the American Federation of Teachers, and
Speaker 12: Lee Saunders, head of the American Federation of State, County
Speaker 12: and Municipal Employees, resigned Winegarden and Saunders had supported Martin's
Speaker 12: competition for the Chairman's spot. Ben Wickler Global News twenty
Speaker 12: four hours a day and whenever you want it with
Speaker 12: the Bloomberg News. Now, I'm Michael Barne. This is Bloomberg Hert.
Speaker 2: All right, Michael barr thank you. It's time now for
Speaker 2: the Bloomberg Sports Update. It's brought to you by Flushing
Speaker 2: Bank and we bring in John Stanshauer.
Speaker 8: John, good morning again, Thanks Aaron.
Speaker 6: JJ Spahn had been a top or near the top
Speaker 6: of the leaderboard throughout that US Open at Olkmont. He
Speaker 6: began with that bogey free first round of sixty six.
Speaker 6: His Open chances seem to have ended when he began
Speaker 6: the final round with five bogies in the first six holes,
Speaker 6: but others faltered. Sam Burns had a forty on the
Speaker 6: back nine. Adam Scott of forty one spawn on the
Speaker 6: par four seventeenth bowl, drove the green and his birding
Speaker 6: foot him back on top. He sealed the wind with
Speaker 6: that astonishing sixty five foot fun on the seventy second hold.
Speaker 6: Very much a late bloomerspawn didn't make it to the
Speaker 6: PGA Tour until he was twenty six, but he nearly
Speaker 6: won the Players Championship, lost at the playoff to Rory McIlroy,
Speaker 6: now at age thirty four, the Open champion.
Speaker 13: I never thought I would be here, you know, holding
Speaker 13: this trophy. I mean, I've always had aspirations and dreams,
Speaker 13: but like I said, you know, a few months ago,
Speaker 13: I never knew who my ceiling was. I never knew
Speaker 13: how good I could be. But I'm just proud that
Speaker 13: I've been resilient in my career and pushed through a
Speaker 13: lot of things and just trying to be the best
Speaker 13: golfer I can be.
Speaker 6: Robert McIntyre, the leftief from Scotland, finished second, two shots behind.
Speaker 6: Lost weekend, so the Yankees and match both got swept
Speaker 6: for the first time this season. Yanks shutout in Boston
Speaker 6: two nothing to They scored only four runs in three games,
Speaker 6: the fewest they've had in a three game series at
Speaker 6: Fenway Park in more than a century. Barrafio Devers homeward
Speaker 6: for the Socks, and then after the game, Devers, in
Speaker 6: a shocker, got traded to the Giants for some young players.
Speaker 6: Devers within the second year of a ten year contract.
Speaker 6: The Mets at City Field lost at Tampa a nine
Speaker 6: to nothing. The race cord twenty four runs in the
Speaker 6: three games, and when the Phillies trinisto sweep of Toronto,
Speaker 6: they were just three games behind the Mets. They'll play
Speaker 6: Game five of the NBA Finals tonight, the series tied
Speaker 6: at two. They're back at Oklahoma City. But Indiana has
Speaker 6: won seven of its last nine on the road, has
Speaker 6: not lost too in a row in the playoffs. John
Speaker 6: Stashanwer Bloomberg.
Speaker 2: Sports count Nick all right, John, thank you, and Bloomberg
Speaker 2: Daybreak is brought to you by Flushing Bank. Life's more
Speaker 2: rewarding with Flushing Banks complete cash rewards program for personal
Speaker 2: and business accounts. With twenty nine New York metro locations,
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Speaker 1: See coast to coast on Bloomberg Radio, I'm serious exam
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business App. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hagar on another morning of intense
Speaker 3: fighting between Israel and Iran. The hostilities have stretched into
Speaker 3: a fourth day. Israeli Prime Minister Benjamin Natanya, who is
Speaker 3: calling the conflict an existential campaign for his country.
Speaker 11: We can't have the world's most dangerous regime have the
Speaker 11: world's most dangerous weapons.
Speaker 14: We're protecting ourselves, but by doing so, we're protecting many others.
Speaker 3: Israeli Prime Minister Benjamin Natanya, who's speaking there for the
Speaker 3: very latest. We are joined by Bloomberg News Israel Bureau
Speaker 3: chief Ethan Bronner in Tel Aviv and Bloomberg Horizons anchor
Speaker 3: Jumana Burceci joining us from Dubai this morning. Good morning
Speaker 3: to both of you. Ethan, I'll start off with you
Speaker 3: just to get us up to speed on what we've
Speaker 3: seen in just the last twenty four hours of fighting.
Speaker 4: Good morning, Good morning Nathan.
Speaker 14: Yes, there were some fairly serious a missile of barraz
Speaker 14: Is here in Israel. I think the people were build
Speaker 14: to day. The number of data and development twenty four
Speaker 14: and some hundreds are injured.
Speaker 8: I think a look.
Speaker 14: Recently where just about a half a mile from my apartment,
Speaker 14: pretty serious baraj missile fell.
Speaker 5: Beyond that. Israel has been attacking increasingly. It says it
Speaker 5: took away it killed the intelligence a chief and his deputy,
Speaker 5: and has expanded its attacks as well.
Speaker 3: And Jumana. What is the extent as far as we
Speaker 3: know of the damage in Iran at this point. Ethan
Speaker 3: just mentioned that another senior Iranian military official has been
Speaker 3: killed as well. What is the possibility that Iran can
Speaker 3: mount a major response to what's been happening.
Speaker 15: Yeah, if you look at the approach that Israel's Air
Speaker 15: Force has been taken, they've been looking to target strategic bases,
Speaker 15: be they some of the military bases, the surface to
Speaker 15: air launcher, surface to air missile launch launchers have be targeted.
Speaker 15: Some of those nuclear sites as well. The IA saying
Speaker 15: over the course of the weekend that Isfahan, which is
Speaker 15: one of the actually the only uranium conversion facility that
Speaker 15: Iran has, was severely impacted and will set back their
Speaker 15: ability to continue with the uranium enrichment process by several months.
Speaker 15: So an operational success if you want to call it
Speaker 15: from Israeli perspective there, But then in terms of intelligence
Speaker 15: penetration as well, we talked about the fact that the
Speaker 15: operation itself was months of worth of preparation, and on
Speaker 15: the back of that you've seen some senior leaders, commanders
Speaker 15: from the Revolutionary Guard get taken out. The numbers now
Speaker 15: stands at six alongside some of those nuclear scientists as well,
Speaker 15: who were key to the technological and scientific know how
Speaker 15: with the nuclear development.
Speaker 8: And so from a military.
Speaker 15: Standpoint, defense standpoints, and also intelligence standpoint, you could say
Speaker 15: that Israel has had a lot of operational success so
Speaker 15: far and the f four days of this conflict, and we're.
Speaker 3: Just hearing from Israeli sources that they claim that they've
Speaker 3: achieved aerial superiority now over Tehran Ethan. Of course, we've
Speaker 3: heard from Israeli Prime Minister at Natan Yahoo that the
Speaker 3: goal is to take out Iran's nuclear capability. What does
Speaker 3: that suggest about how long this fighting could go on?
Speaker 14: I mean, the problem is that Israel alone cannot take
Speaker 14: out Around's nuclear capability, at least as far as we know.
Speaker 14: I mean, as you say, they now say they have
Speaker 14: aerial freedom, and so maybe they could you plant their
Speaker 14: F fifteen's or F thirty five's and just pop, pop pop.
Speaker 14: But it seems unlikely that they could get into Florida,
Speaker 14: which is deep, deep into a mountain, so it's very
Speaker 14: hard to tell. I'm being told that there's intense diplomatic
Speaker 14: effort both the Russians the Americans and others are trying
Speaker 14: to get somewhere here to make this thing not go forward.
Speaker 14: But just today, this National Scurity Advisor it is we're
Speaker 14: all said on the radio that Auranseil has thousands of
Speaker 14: ballistic missiles. If that's true, this could go on for
Speaker 14: weeks and months.
Speaker 3: Juwana, From your perspective, what is the possibility of a
Speaker 3: diplomatic breakthrough here? We've heard from President Trump on his
Speaker 3: way to the G seven saying that it might take
Speaker 3: a little bit more fighting between Israel and Iran before
Speaker 3: there is a resolution.
Speaker 15: Yeah, and I mean also in that same post, President
Speaker 15: Trump also spoke about Iran and Israel should make a deal,
Speaker 15: and we'll make a deal. But then that many calls
Speaker 15: and meetings are taking place. So we know is that
Speaker 15: many of the Arab GCC states are actively trying to
Speaker 15: intervene here. Iran called on Cutter, have been playing a
Speaker 15: key mediation role in those Iran US nuclear discussions. Remember
Speaker 15: the sixth round of talks we're supposed to take place yesterday,
Speaker 15: They no longer happened.
Speaker 8: But as we understand now.
Speaker 15: Aman and Kuta are getting actively involved again to restart
Speaker 15: those discussions now seemingly because Iran is on the back foot,
Speaker 15: maybe they'd be more amiable to some of the terms
Speaker 15: that the US are putting out. Saudi Arabia at their
Speaker 15: part as well, I should just say two. I think
Speaker 15: it is notable that even though there's been an intensification
Speaker 15: of strikes between the two sides over the course of
Speaker 15: the weekend, there hasn't been a broadening out into the
Speaker 15: region so to speak.
Speaker 8: The energy infrastructure.
Speaker 15: Yes, there were a few facilities that were set alight
Speaker 15: over the course of the weekend, but still no major
Speaker 15: energy exporting facilities have been hit, none of the shipping
Speaker 15: lanes in the Strait of Hormos have been disrupted, and
Speaker 15: of course US bases have been spared. At this point
Speaker 15: in time, so remains to be seen whether the diplomatic
Speaker 15: channel will be successful, but for now, the attacks are
Speaker 15: focused on the bilateral kind as opposed to Iran taking
Speaker 15: it one step further and the risk of bringing in
Speaker 15: the broader region into the conflict as well.
Speaker 3: From your perspective, Ethan, what are you seeing in terms
Speaker 3: of the kind of leverage that the US could have
Speaker 3: over Israel as it continues strategically a long with the
Speaker 3: fighting against Iran. We heard the President or we heard
Speaker 3: some reports that the President had discouraged Israel from going
Speaker 3: after the iatola when he had the chance. What are
Speaker 3: you hearing?
Speaker 14: Yes, Look, I mean I think that there is a
Speaker 14: sort of a double game, not surprisedly being played by
Speaker 14: President Trump here on the one hand, taking a public
Speaker 14: posture against this kind of action. On the other hand,
Speaker 14: from everything we've been able to learn privately saying to Ntonia,
Speaker 14: who go ahead and do what you have to do,
Speaker 14: I think that Israeli and a US interests do overlap
Speaker 14: to some extent here. Neither wants to see a nuclear
Speaker 14: weapon in the hands of this Iranian regime. So in
Speaker 14: terms of you know what kind of ability Trump has
Speaker 14: over in Tennaaro, he's an enormous amount in the sense
Speaker 14: that Israel does not want to be taking these actions
Speaker 14: without the agreement of the United States, and ultimately it
Speaker 14: can't do what it.
Speaker 5: Needs to do without the help of the United States.
Speaker 14: So a lot, but I think, but the point is
Speaker 14: that we don't know exactly what Trump wants out of
Speaker 14: this operation, and my impression is he's doing both things
Speaker 14: at once.
Speaker 3: Jumana Iran is reportedly moving toward no longer following the
Speaker 3: Nuclear non Proliferation Treaty. Now we've been hearing those reports
Speaker 3: as well. Where could this go from here?
Speaker 15: Yeah, and I think that is really important to know
Speaker 15: in the run up to the attacks that took place
Speaker 15: on Friday, because it wasn't a coincidence that that also
Speaker 15: coincided with the IA report suggesting that for the first
Speaker 15: time in decades, Iran was breaching some of the requirements
Speaker 15: as put out by the Non Proliferation Treaty. They also
Speaker 15: announced that they were setting up yet another uranium enrichment facility,
Speaker 15: so had been testing the waters for a while, which
Speaker 15: is why ultimately you did end up getting the response
Speaker 15: out of Israel and the surprise attack from the ranium
Speaker 15: perspective on Thursday evening. But it would constitute a major
Speaker 15: development and also just in terms of the ultimate objective
Speaker 15: of this war or the series of attacks, which is
Speaker 15: to stop Iran from developing the means of getting a
Speaker 15: nuclear weapon. If they start pulling out of these treaties
Speaker 15: and don't allow for instruction, inspections are monitoring the whole
Speaker 15: thing could backfire, and some analysts are saying that the
Speaker 15: reaction to this out of Iran could be even more hawkish.
Speaker 15: It could actually even encourage them more so to develop
Speaker 15: a nuclear weapon they had in the past, say than
Speaker 15: if the US and Iran did manage to agree to
Speaker 15: the terms of a new nuclear deal.
Speaker 8: So all of that is up for question now.
Speaker 3: And ethan, if that were to be the case, does
Speaker 3: that raise a question of even further proxy attacks from
Speaker 3: the likes of Hamas and Hezboala.
Speaker 14: Log it might, But the truth is that what's strike
Speaker 14: striking right now is that Hezbala has not done a
Speaker 14: thing which leans it really can't or it's really in
Speaker 14: some fashion under such pressure internally in Lebanon not to
Speaker 14: get involved.
Speaker 5: In this conflict.
Speaker 14: So one of the main reasons Israel shows to act now,
Speaker 14: in addition to the things that Jaman have talked about
Speaker 14: the fact that there's been this increasing amount of enrichment
Speaker 14: up to weapons grade, is that the proxy militias were
Speaker 14: not available to join into this war, as well as
Speaker 14: the fact that the Iranian air defense system had been
Speaker 14: largely been certainly reduced, if not stripped away entirely. So
Speaker 14: I don't see that happening. But this question of the
Speaker 14: MPT is enormously important. But at the same time, if
Speaker 14: Iran is simply going to be openly seeking a nuclear weapon,
Speaker 14: I think that would shift the American perspective as well
Speaker 14: and whether it might want to get involved militarily.
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Speaker 3: here on Bloomberg Day, Bray