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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 1: Karen, we begin with breaking developments from the G seven

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Speaker 1: meeting in Canada. President Trump has left the summit early

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Speaker 1: hours after calling for the evacuation of Iran's capital, Tehran.

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Speaker 1: In a social media post, the President said his departure

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Speaker 1: had nothing to do with a ceasefire between Israel and Iran,

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Speaker 1: that it's much bigger than that. Speaking to CBS a

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Speaker 1: board Air Force one, the President said he wants a

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Speaker 1: real end with Iran giving up entirely on nuclear weapons.

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Speaker 3: I gave her on sixty days and they said no.

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Speaker 3: And the sixty first year saw what happened day sixty one.

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Speaker 3: So I'm in constant touch. And as I've been saying,

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Speaker 3: I think a deal will be signed or something will happen,

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Speaker 3: but a deal will be side, and I think Iran

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Speaker 3: is foolish not to sign one.

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Speaker 1: And Axius is reporting the President Trump's top Middle East envoice,

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Speaker 1: Steve Whitkoff, might meet Iran's foreign minister later this week.

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Speaker 2: Nathan. Before leaving the G seven, President Trump and UK

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Speaker 2: Prime Minister Keir Starmer agreed on a deal to implement

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Speaker 2: their tariff cutting agreement announced last month. The dalble slash

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Speaker 2: US tariffs on key British exports and raise UK quotas

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Speaker 2: on certain American agricultural products. Here's the moment the two

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Speaker 2: leaders signed off on the deal at the G seven summit.

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Speaker 3: This is a very good day for both our countries.

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Speaker 1: A real simn strength. So thank you again, Donald, A

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Speaker 1: really important day for both of us.

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Speaker 3: Great people, great people.

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Speaker 2: Thanks. Aerospace and steel exemptions are also in the deal.

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Speaker 2: The quota on UK steel tariffs will be decided at

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Speaker 2: a later date.

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Speaker 1: Now, Karen, let's get to the latest developments on the

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Speaker 1: conflict between Israel and Iran. The Israeli military says it's

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Speaker 1: killed one of the Iranian regime's most senior commit General

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Speaker 1: Ali Shadmani, had only recently assumed the role of chief

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Speaker 1: of staff following the death of his predecessor in a

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Speaker 1: prior Israel Defense Forces air strike. We get more from

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Speaker 1: Bloomberg News Jerusalem correspondent Dan Williams.

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Speaker 4: This is a general who was actually field promoted over

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Speaker 4: the weekend to replace the chief of staff killed in

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Speaker 4: the opening salvo by Israel, the opening salvo that came

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Speaker 4: like a bolt out of the blue for everyone, given

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Speaker 4: the high degree of operational secrecy, the apparent high degree

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Speaker 4: of success, and it shows that Israel is methodically cutting

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Speaker 4: down the top bros as part of its operation to

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Speaker 4: decapitate the Iranian military. Along with the Iranian missile program

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Speaker 4: and nuclear program.

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Speaker 1: Bloomberg's Dan Williams says both sides continue to exchange strikes.

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Speaker 1: Iran has launched around three hundred and seventy ballistic missiles

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Speaker 1: toward Israel, killing twenty four people injuring almost six hundred.

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Speaker 1: Iran says more than two hundred have been killed by

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Speaker 1: Israel strikes.

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Speaker 2: Nathan two tank collided in waters off the United Arab

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Speaker 2: Emirates and caught fire in the early hours, rattling global

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Speaker 2: oil and shipping markets that have been closely monitoring the

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Speaker 2: latest developments in the Middle East. The incident is apparently

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Speaker 2: unrelated to the ongoing fighting between Israel and Iran, with

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Speaker 2: no foul play suspected and checking oil right now, Nimex

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Speaker 2: screwed oil is up eight tens of percent, It says,

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Speaker 2: seventy two dollars thirty nine cents a barrel, while Brent

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Speaker 2: is at seventy three dollars ninety four cents, up one percent.

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Speaker 1: Think Karen. The fighting continues between Russia and Ukraine. Overnight,

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Speaker 1: Russia carried out one of its deadliest attacks on Ukraine's

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Speaker 1: capital this year. At least fourteen people were killed in Kiev,

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Speaker 1: another forty four injured as Russia unleashed hundreds of drones

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Speaker 1: and dozens of missiles across the country. It is the

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Speaker 1: deadliest attack on Ukraine since at least April. But President

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Speaker 1: Trump is indicating he's in no hurry to impose tougher

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Speaker 1: sanctions on Russia to bring it to the negotiating table.

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Speaker 3: Sanctions puss US a lot of money. When I sanctioned

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Speaker 3: the country, that costs the US a lot of money,

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Speaker 3: to vendous amount of money.

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Speaker 1: It's not just that sign a document the President spoke

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Speaker 1: on the sidelines of the G seven before his abrupt departure.

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Speaker 2: Nathan on Capitol Hill, the Senate has released its version

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Speaker 2: of President Trump's massive tax cut bill. The legislation preserves

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Speaker 2: the president's first term tax cuts and creates several new

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Speaker 2: breaks that he promised on the campaign trail, including an

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Speaker 2: end to taxes on tips. It also calls for deeper

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Speaker 2: cuts to Medicaid than the House passed measure, and raises

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Speaker 2: the debt ceiling two five trillion dollars rather than four trillion.

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Speaker 2: One thing missing from the bill is a deal on

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Speaker 2: state and local tax deductions. It includes the current ten

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Speaker 2: thousand dollars cap as a placeholder. Republican Senator Josh Holly,

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Speaker 2: a Missouri, says the bill needs a lot of work.

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Speaker 2: He says the Medicaid cuts would close rural hospitals. Senate

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Speaker 2: Majority Leader John Thune is hoping to vote on the

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Speaker 2: bill next week to meet a July fourth deadline for

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Speaker 2: the legislation to reach President Trump's desk and Karen.

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Speaker 1: The Senate tax bill would also expand a credit from

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Speaker 1: former President Joe Biden's Chips and Science Act. The measure

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Speaker 1: would raise the tax credit for investing in semiconductor plants

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Speaker 1: from twenty five to thirty percent. If passed, it would

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Speaker 1: give chip makers even more incentive to break ground on

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Speaker 1: new facilities in the US before the current twenty twenty

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Speaker 1: six deadline.

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Speaker 2: Nathan a legal victory for the Trump administration in its

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Speaker 2: fight with Columbia University over funding following a series of

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Speaker 2: pro Palestinian protests on campus, and Bloomberg's Lisa Matteo joins

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Speaker 2: us with more Lisa, good Morning.

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Speaker 5: Good Morning, Karen Yeah. Lawsuit filed by two unions looking

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Speaker 5: to stop the withholding of four hundred million dollars in

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Speaker 5: federal fronds fund the university, Well, it's been dismissed a

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Speaker 5: judge rule that the American Association of University Professors and

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Speaker 5: the American Federation of Teachers didn't have the right to

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Speaker 5: take legal action as it's an issue between the school

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Speaker 5: and the Trump administration, and that Columbia is looking to

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Speaker 5: resolve the situation cooperatively. President Trump and Education Secretary Linda mcmahnon.

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Speaker 5: They previously suggested that negotiations with Columbia they were in

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Speaker 5: the right direction. Now those unions have filed to notice

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Speaker 5: that they will appeal. Lisa Matteo, Bloomberg Radio.

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Speaker 1: Lisa, Thank You. Citadel founder Ken Griffin has praised the

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Speaker 1: Trump administration for pushing back against cultural dynamics he thinks

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Speaker 1: have divided America. In a wide ranging interview on the

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Speaker 1: new Bloomberg Originals show Bullish, hosted by Shinali Bassk, the

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Speaker 1: major Republican donor shared his views on President Trump and

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Speaker 1: his alma mater, Harvard University.

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Speaker 2: Look.

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Speaker 6: I think what had happened at Harvard, which was the

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Speaker 6: rise of wokeism, a focus away from traditional values in education,

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Speaker 6: the emergence of a cancel culture, the anti Semitism that

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Speaker 6: we witness a campus, was part of a larger dynamic

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Speaker 6: that was gripping America culture.

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Speaker 7: And I think one of the.

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Speaker 6: Great parts of the Trump administration has been the pushback

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Speaker 6: on wokism and on some of the culture dynamics I

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Speaker 6: think really polarized US as an.

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Speaker 1: You can watch the extended Bullish interview with Ken Griffin

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Speaker 1: on Bloomberg dot Com. Tune in to new episodes of

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Speaker 1: Bullish every Tuesday at six pm Wall Street Times, starting

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Speaker 1: tonight on Bloomberg Television.

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Speaker 2: Let's turn to the markets now, Nathan in, Futures are

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Speaker 2: lower ahead of the Tuesday session, and Gold's record run

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Speaker 2: may be petering out. We get more on that with

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Speaker 2: Bloomberg's John Tucker. John Good Morning, Good.

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Speaker 8: Morning, Karen. City Group analysts expend Gold to sync back

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Speaker 8: below three thousand dollars in an ounce in the coming quarters.

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Speaker 8: They say the slump is going to be driven by

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Speaker 8: weaker investment demand, improving global growth, and future rig cuts

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Speaker 8: by the Fed. Billion has soared almost thirty percent. This

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Speaker 8: here setting a record. In April last President Trump's disruptive

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Speaker 8: trade policies and the crisis in the Middle East increased

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Speaker 8: demand for haven assets. Meantime, there's a new survey out

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Speaker 8: as well. A record share of the world central banks

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Speaker 8: plan to accumulate more gold over the next twelve months.

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Speaker 8: This is a survey of seventy two monetary authorities by

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Speaker 8: the World Gold Council forty three percent, so they expected

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Speaker 8: their gold reserves to increase. That's actually the highest figure

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Speaker 8: in eight years. You Know, York On John Tucker Bloomberg Radio.

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Speaker 2: Time Now for a look at some of the other

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Speaker 2: stories making news in New York and around the world.

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Speaker 2: If that were joined by Bloomberg's Michael Bher Michael Good Morning.

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Speaker 9: Good Morning Care and Prosecutors say the man in charge

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Speaker 9: with killing one Minnesota lawmaker and wounding another had dozens

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Speaker 9: of apparent targets, including officials in at least three other states.

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Speaker 9: US Attorney Joseph Thompson says mans Belter made it to

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Speaker 9: the homes of two other legislators on the night of

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Speaker 9: the attacks, but one was not home and the suspect

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Speaker 9: left the other house after police arrived.

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Speaker 1: It is no exaggeration to say that his crimes are

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Speaker 1: the stuff of nightmares.

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Speaker 10: Belter stalked his victims like prey.

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Speaker 9: Federal prosecutors of charge Belter with murder and stalking. He

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Speaker 9: also faces state murder charges. Prosecutors in the Shawn Didtycomb

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Speaker 9: sex trafficking trial could likely rest their case soon as tomorrow.

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Speaker 9: The defence has signaled it has as many as three

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Speaker 9: witnesses lined up to testify beginning Friday. Legal experts say

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Speaker 9: the rap mogul is unlikely to take the stand. Former

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Speaker 9: prosecutor Bernerna Viola there were a.

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Speaker 11: Lot of evidentiary rulings that didn't go into prosecution's favor

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Speaker 11: because they were missing a link here or there. But

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Speaker 11: if the defendant were to testify, then guess what, You're

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Speaker 11: my missing link and I can confront you with what

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Speaker 11: I wasn't able to be able to get into evidence.

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Speaker 9: Former prosecutor Bernerna Violona spoke to ABC yesterday. Jurors saw

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Speaker 9: videos of the alleged sex marathons in Paris, the Louver

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Speaker 9: museum failed to open on time Monday, leaving thousands of

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Speaker 9: visitors stuck in long, unmoving lines. A union rep set

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Speaker 9: the staff at the world's most visited museum are protesting

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Speaker 9: working conditions. Global News twenty four hours a day, and

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Speaker 9: whatever you wanted with Bloomberg News Now. Michael Bayn this

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Speaker 9: is Bloomberg Karen.

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Speaker 2: All right, Michael Barr, thank you time now for the

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Speaker 2: Bloomberg Spores update, brought to you by Flushing Bank. And

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Speaker 2: here's Dan Schwartzman.

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Speaker 7: Dan, good morning, Good morning, Karen and Nathan. The Oklahoma

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Speaker 7: City Thunder moving to within a win of being crowned

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Speaker 7: NBA Champions after a one twenty tow one O nine

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Speaker 7: win over the Pacers to take a three games to

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Speaker 7: two series lead. That SGA to try knock out the

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Speaker 7: door right side, Jayalen one, it's a three.

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Speaker 4: Hotailor Williams knocks it down.

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Speaker 7: Matt's Curtsey vspn Williams leading all scores with forty points

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Speaker 7: for the Thunder. Okay, see, you're going to wrap up

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Speaker 7: the series Thursday night in Indiana, Major League Baseball Yankees

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Speaker 7: have now lost four straight Bombers, falling to the Angels

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Speaker 7: one nothing and eleven innings in the Bronx, they extend

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Speaker 7: their scorely streak to twenty innings. Elsewhere, Red Sox shout

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Speaker 7: out the Mariners to nothing, Radies dominate the Oriels seven

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Speaker 7: to one, Nationals loose the Rockies six to four, while

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Speaker 7: the Dodgers doubled the Padres six to three. First place Mets.

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Speaker 7: They're back in action tonight after an off day as

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Speaker 7: they open up a three game series at the Atlanta Braves.

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Speaker 7: Red Sox President and CEO Sam Kennedy and Chief baseball

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Speaker 7: Officer Craig Breslo facing the media Monday evening, defending the

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Speaker 7: team's decision to trade star third baseman Raphael Devers to

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Speaker 7: the San Francisco Giants on Sunday, Kennedy and why the

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Speaker 7: deal is made.

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Speaker 12: You know, in the end, I think it's pretty clear

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Speaker 12: that we couldn't find aligned with Ralfie is the truth.

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Speaker 12: We all worked at it over the last several months,

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Speaker 12: going back to the offseason.

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Speaker 7: That's Cursey. The Boston Red Sox Stanley Cup Final Game

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Speaker 7: six tonight, the Panthers are going to win their second

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Speaker 7: Cup in a row. They host the Oilers, the Florida

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Speaker 7: leading the series three games to two. That's your Bloomberg

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Speaker 7: Sports update. I'm Dan Schwartzman, Karen and Nathan Coast to

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Speaker 7: coast on Bloomberg Radio, nationwide on Sirius Exam and around

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Speaker 7: the world on Bloomberg dot Com and the Bloomberg Business app.

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Speaker 7: This is Bloomberg Daybreak.

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Speaker 1: Good morning, I'm Nathan Hager. It is the morning of

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Speaker 1: a G seven minus one. President Donald Trump has just

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Speaker 1: arrived back in Washington, Air Force one, landing at Joint

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Speaker 1: Base Andrews outside the nation's capital, after his abrupt exit

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Speaker 1: from the Group of Seven Leaders summit in Canada. He says,

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Speaker 1: to deal with the Israel Iran conflict.

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Speaker 3: You probably see what I see, and I have to

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Speaker 3: be back as soon as I can. We're gon have

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Speaker 3: dinner with these wonderful leaders, and.

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Speaker 10: Then I get on the planet.

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Speaker 3: I have to be back early.

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Speaker 8: For five seasons.

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Speaker 1: That was President Trump with the family photo in Alberta.

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Speaker 1: Now that the President is back, how to deal with

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Speaker 1: the situation in Iran? For that weird yes, and in Iran.

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Speaker 1: We're joined now by Bloomberg New Senior editor Bill Ferries

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Speaker 1: for more on that. And Bill, we heard a lot

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Speaker 1: of comments from President Trump a board Air Force one.

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Speaker 1: This idea that he might be looking toward a ceasefire,

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Speaker 1: President says he wants more than that. How to take that?

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Speaker 1: Good morning?

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Speaker 10: Yeah, thanks for having me, Nathan Is It is hard

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Speaker 10: to read the tea leies right now. On President Trump's

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Speaker 10: comments about Iran, he lashed out at the French President

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Speaker 10: Macrone for saying that he was leaving early to get

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Speaker 10: a to work on a ceasefire. He says he wants

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Speaker 10: a full deal that deals addresses Iran's nuclear program. He

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Speaker 10: has warned residents of Tehran to leave the capital, so

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Speaker 10: it's not really clear where exactly this is headed. A

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Speaker 10: board Air Force one. He also said that he might

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Speaker 10: send jd Vance or his Middle East envoy Steve Whitkoff

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Speaker 10: to deal with the Iranians. What he did seem certain

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Speaker 10: about is he said that there's been no sign of

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Speaker 10: a letup either from the Iranian side or the Israeli

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Speaker 10: side when it comes to these barrages of missiles and

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Speaker 10: bombs that we've seen both sides lobbing at each other.

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Speaker 10: So the conflict obviously into its fourth day now with

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Speaker 10: tensions still high, and it was a big focus of

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Speaker 10: the G seven meeting, but I think leaders had hoped

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Speaker 10: to discuss a lot of other issues as well before

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Speaker 10: the president's departure.

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Speaker 1: Before we get to some of those issues. It sounds

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Speaker 1: like cross purposes to some extent when you have the

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Speaker 1: President warning that everyone should leave Tehran on social media

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Speaker 1: and then saying he might send some of his top

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Speaker 1: envoys to negotiate at the same time. I saw a

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Speaker 1: headline from air Force one that the President says he's

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Speaker 1: not in a mood to negotiate with Iran. A lot

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Speaker 1: to take in this morning.

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Speaker 10: It's a lot to absorb. I think it was just

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Speaker 10: about twenty four hours ago or so that he said

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Speaker 10: he thought Iran and Israel will just have to fight

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Speaker 10: it out for a while before they get to a deal.

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Speaker 10: He's repeated this idea that he says Iran should have

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Speaker 10: taken some sort of unspecified deal before the Israeli attacks,

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Speaker 10: that they would have been better off for doing so.

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Speaker 10: He has not ruled out US involvement, but when he

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Speaker 10: was pressed about whether the US involvement would be needed

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Speaker 10: to eliminate Iran's nuclear program, he said that he hoped

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Speaker 10: the Iranian nuclear program would be taken care of before

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Speaker 10: the US ever had to get involved, so quite a

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Speaker 10: bit too kind of way there in your hands. But

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Speaker 10: the President essentially saying his departure from the G seven

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Speaker 10: was because he wanted to get back to Washington to

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Speaker 10: be able to more fully stay on top of the

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Speaker 10: events in the Middle East.

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Speaker 1: So on our last thirty seconds bill, where does this

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Speaker 1: leave the G six? I guess we could call it now.

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Speaker 10: Well, there had been a lot of hopes for by

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Speaker 10: leaders to strike some trade deals. The UK got a

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Speaker 10: little bit of an extra step. The two sides agreed

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Speaker 10: to move forward on that framework deal they signed a

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Speaker 10: month ago. Japan did not get a deal despite a

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Speaker 10: meeting between their leader and Donald Trump, and India was

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Speaker 10: kind of left out in the cold. Narendra Modi didn't

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Speaker 10: get the meeting had planned with Trump to discuss trade.

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Speaker 10: So the abrupt departure has it having some consequences on

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Speaker 10: the trade agenda.

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Speaker 2: This is Bloomberg day Break, your morning podcast on the

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