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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news.

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm John Tucker. Here are these

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Speaker 3: stories we're following today.

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Speaker 2: All right, John, thank you. The war with Iran is

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Speaker 2: now into its eleventh day, but President Trump is signaling

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Speaker 2: it could be over very soon. At a news conference

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Speaker 2: from his resort in derral Florida, the President said the

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Speaker 2: conflict might not end this week, but it is going

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Speaker 2: ahead of schedule.

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Speaker 4: Doing really well.

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Speaker 5: I mean at a level that nobody thought. We took

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Speaker 5: a little excursion because we felt we had to do

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Speaker 5: that to get rid of some evil. And I think

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Speaker 5: you'll see it's going to be a short term excursion.

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Speaker 2: President Trump says the US has hit five thousand targets

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Speaker 2: in Iran. He says it's military capacities down to ten

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Speaker 2: percent and drone launches have decreased eighty three percent. He's

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Speaker 2: promising to bring oil prices down that he says have

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Speaker 2: gone artificially up because of the excursion. We get more

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Speaker 2: from Bloomberg's Jumana Borsecci in Dubai.

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Speaker 6: What has happened here is he is responding to global

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Speaker 6: markets and the impact that the energy shock is beginning

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Speaker 6: to have on some of these global energy markets and

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Speaker 6: obviously ultimately the US consumer here. And he also made

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Speaker 6: another very strong threat to the IRGC, saying that if

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Speaker 6: they continue to block oil transportation through the Straits, they

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Speaker 6: will be hit by the United States twenty times harder

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Speaker 6: than they have been hit thus far.

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Speaker 2: Bloomberg Stomanni Arsaci reports the president says he's discussed waving

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Speaker 2: some oil related sanctions in a call with Russian President

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Speaker 2: Vladimir Putin, and he's considering other options to bring oil

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Speaker 2: and gas prices down, including releases from emergency stockpiles and

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Speaker 2: a pause on federal gas taxes. In the meantime, blasts

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Speaker 2: continue to be heard across Iran, Saudi Arabia and Bahrain

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Speaker 2: have been dealing with incoming projectiles overnight, and Turkey says

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Speaker 2: NATO is deploying a US made Patriot missile defense system

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Speaker 2: to its south. That's after the Alliance intercepted two Iranian

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Speaker 2: missiles over Turkish airspace in recent days.

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Speaker 3: And the price of oil continues to drop following the

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Speaker 3: President's comments on the war. As Bloomberg's Will Kennedy reports,

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Speaker 3: it was quite an historic day in the energy markets.

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Speaker 7: It was a wild day in oil markets yesterday. It

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Speaker 7: was the biggest fall from the interdey peak to the

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Speaker 7: clothes that the market's ever seen, more than thirty dollars.

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Speaker 7: Pretty extraordinary trading. Yes, the market's colma. They heard what

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Speaker 7: they wanted to hear from the President, which is that

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Speaker 7: he sees an end to the war in eventively short time,

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Speaker 7: and if that happens, it would allow the oil market

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Speaker 7: to return to normal.

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Speaker 8: Yeah.

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Speaker 3: Bloomberg's Will Kennelly says the intense swings on Monday saw

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Speaker 3: Brent trade in a band of about thirty six dollars

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Speaker 3: that is the most on record in the widest range

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Speaker 3: since Russia invaded Ukraine in twenty twenty two.

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Speaker 2: Yeah, I also call it saw quite the turnaround in

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Speaker 2: the equity markets, John the S and P five hundred

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Speaker 2: was down as much as one and a half percent,

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Speaker 2: but it closed higher by eight tenths of one percent.

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Speaker 2: In the Nasdaq rose one point four percent. Cameron Dawson,

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Speaker 2: chief investment officer at New Edgewealth, is still cautious.

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Speaker 4: I think that we might be a little bit early

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Speaker 4: for opportunities again. We get back to those technicals where

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Speaker 4: we see flush metrics of things being sold too far,

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Speaker 4: too fast, and discriminate selling. There's going to be great

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Speaker 4: buying opportunities that come out of this, but we're not

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Speaker 4: seeing those measures flash the warning signs yet that suggest

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Speaker 4: that you should back up the truck.

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Speaker 7: It's new edge.

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Speaker 2: Weelf's Cameron DAWs and yesterday the Sea Bow Volatility Index,

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Speaker 2: the so called fear gauge for Wall Street, tumbled thirteen

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Speaker 2: percent after reaching its highest level since last April.

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Speaker 3: And a let's turn to politics. A couple of critical

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Speaker 3: primaries in the Deep South today. This where voters are

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Speaker 3: going to choose nominees to represent Mississippi and Congress. And

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Speaker 3: at Georgia, voters are going to decide who's going to

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Speaker 3: succeed former Representative Marjorie Taylor Green. Bloomberg Samy Morris reports

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Speaker 3: from Washington.

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Speaker 9: In Georgia, more than fifteen candidates are running in the

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Speaker 9: special election for Representative Green's seat, rated as the most

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Speaker 9: Republican leaning in Georgia by the Cook Political Report. Most

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Speaker 9: of the contenders are Republicans, but Clay Fuller, one President

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Speaker 9: Trump's endorsement. Democrats are looking to retire to Army General

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Speaker 9: Sean Harris, who won the nomination in twenty twenty four.

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Speaker 9: In Mississippi, Republican Senator Cindy Hyde Smith faces a primary

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Speaker 9: challenge from physician and novelist Sarah Abloca. Representative Benny Thompson,

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Speaker 9: the delegation's only Democrat, faces two primary challengers in his

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Speaker 9: bid for an eighteenth term. In Washington, Amy Morris Bloomberg Radio.

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Speaker 2: Amy, thank you. The high stakes battle between Anthropic and

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Speaker 2: the US government continues this morning. The Artificial intelligence Giant

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Speaker 2: is suing the Defense Department for declaring the company a

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Speaker 2: risk the US supply chain and shifting its AI work

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Speaker 2: to other providers. Seth Fiegerman is covering the story for Bloomberg.

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Speaker 10: Well, we're hearing from Anthropic here in a statement as

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Speaker 10: they're taking this step to protect their customers and their business.

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Speaker 10: At the same time, though, they're telling us that they

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Speaker 10: intend to pursue all avenues here to truck and media

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Speaker 10: this relationship with the government, including direct conversation with the government.

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Speaker 10: So they're not foreclosing the continuation of talks here, but

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Speaker 10: they are still pursuing litigation Bloomberg.

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Speaker 2: Seth Figerman says the dispute erupted last month after the

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Speaker 2: Pentagon wanted to use Anthropics Claude chat bot for any

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Speaker 2: purpose within legal limits and without any usage restrictions. Anthropics

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Speaker 2: insisted it's chatbot not be used for mass surveillance against

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Speaker 2: Americans or in fully autonomous weapons operations.

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Speaker 3: And President Trump's nominee to become the new chairman of

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Speaker 3: the Federal Reserve. We'll be meeting with senator as possibly

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Speaker 3: as early as today to see their support. We get

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Speaker 3: more from Bloomberg's Tom Busby.

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Speaker 11: Financier and former Fed Governor Kevin Walsh going on a

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Speaker 11: charm offensive with US Senators this week ahead of his

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Speaker 11: expected hearing and his mission to replace jer Own Powell

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Speaker 11: as head of the nation's central Bank. Pal's term ends

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Speaker 11: in May.

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Speaker 8: Now.

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Speaker 11: One Senator on the dance guard is Tom Tillis, Republican

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Speaker 11: of North Carolina, who said he likes Warsh in that

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Speaker 11: position but opposes any nomination hearing until the Justice Department

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Speaker 11: ends its investigation into the feds two and a half

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Speaker 11: billion dollar renovation of its headquarters, saying it puts inappropriate

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Speaker 11: pressure on Powell to lower interest rates. Tom Buzzby Bloomberg Radio, Okay, Tom,

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Speaker 11: thank you. Jet Blue flights are resuming this morning. That's

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Speaker 11: after the Federal Aviation Administration set a nationwide ground stop

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Speaker 11: that the airline request had had been canceled. The airline

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Speaker 11: had suffered a system outage. Flights were halted for about

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Speaker 11: an hour.

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Speaker 3: And FedEx has eclipsed to UPS is the largest US

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Speaker 3: parcel carry of our market value for the first time ever.

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Speaker 3: The milestone punctuates a multi year stocks live for the

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Speaker 3: one hundred nineteen year old UPS, which was face pressure

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Speaker 3: from labor costs, declining volume, and questions about its relationship

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Speaker 3: with Amazon.

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Speaker 2: On a program note, John Markets may close on Fridays,

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Speaker 2: but the world doesn't. That's why We're bringing you a

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Speaker 2: new live radio and TV show. It's called Bloomberg This

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Speaker 2: Weekend and looks beyond the daily headlines to the bigger

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Speaker 2: themes driving politics, business and culture. Joined David Gera, Christina Raffini,

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Speaker 2: and Lisa Matteo for smart conversations and in depth interviews

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Speaker 2: that help make sense of the week that's been man

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Speaker 2: what comes next. Get Bloomberg This Weekend live Saturdays and

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Speaker 2: Sundays from seven am Eastern on Bloomberg Radio, Bloomberg Television,

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Speaker 2: and the Bloomberg Business app.

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Speaker 3: Good that brings us to five a wave Thump Wall

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Speaker 3: Street timed Now for a look at some of the

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Speaker 3: other stories making news in New York and around the world.

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Speaker 3: To and for that, we're joined by Bloomberg's Michael Barr Michael,

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Speaker 3: good Morning.

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Speaker 8: Good morning John. Investigators are trying to learn more about

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Speaker 8: two young Pennsylvania men accused of bringing homemade bombs to

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Speaker 8: a protest outside the home of New York City's Mayor.

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Speaker 8: Mir Blad and Abraham Cayumi allegedly told authorities after their

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Speaker 8: arrest that they were inspired by ISIS. In YPD Commissioner

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Speaker 8: Jessica Tish, en route to.

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Speaker 12: The NYPD precinct, Blot made spontaneous statements without being questioned

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Speaker 12: by NYPD officers that were captured on body worn camera footage.

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Speaker 12: She said, this isn't religion that just stands. When people

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Speaker 12: talk about the blessed name of the prophet, we take action,

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Speaker 12: We take action.

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Speaker 8: Mayor Zurun Mumdani said everyone has the right to peaceful protest,

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Speaker 8: but violence won't be tolerated.

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Speaker 2: Anyone who comes to New York City to bring violence

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Speaker 2: to our streets will be held accountable in accordance with

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Speaker 2: the law.

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Speaker 8: The lot's lawyers said his client as a high school

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Speaker 8: senior with a complicated personal life and that he doesn't

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Speaker 8: know what he's doing. Three brothers, including two prominent luxury

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Speaker 8: real estate brokers in New York City, have been convicted

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Speaker 8: of conspiring to drug and rape multiple women. Jurors return

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Speaker 8: guilty verdicts on nineteen counts after a five week trial

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Speaker 8: that included testimony from eleven women who said they were

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Speaker 8: assaulted by one or more of the Alexander brothers or

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Speaker 8: inteal And Alon defense attorney Mark Agnefilo says the verdict

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Speaker 8: will be appealed.

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Speaker 2: We believe in our client's innocence and we're not going

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Speaker 2: to stop fighting until we prevail, and we believe that

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Speaker 2: we will one day prevailed.

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Speaker 8: The women described they were attacked after they were invited

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Speaker 8: to vacation locales, including the Hamptons. The President of Ohio

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Speaker 8: State has resigned. Under Ted Carter's leadership, OSU has stopped

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Speaker 8: all DEI efforts and cracked down on student protests against

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Speaker 8: the Israel Amas War. Now, Carter has told the Ohio

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Speaker 8: State Trustees that he had an inappropriate relationship with a

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Speaker 8: woman looking for public resources to support her personal business.

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Speaker 8: Global News twenty four hours a day and whenever you

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Speaker 8: wanted were the Bloomberg News. Now Michael Barr and this

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Speaker 8: is Bloomberg. Thanks Michael.

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Speaker 2: Time now for a Bloomberg Sports update. For that, we

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Speaker 2: bring in John stash Hour.

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Speaker 13: The start of NFL free agency and the Miami Dolphins

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Speaker 13: released their quarterback two at Tonga Viola. He then signed

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Speaker 13: with Atlanta and the Dolphins replaced him with Malik Willis,

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Speaker 13: who was the backup QB in Green Bay. Mike Evans,

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Speaker 13: after twelve years with Tampa Bay, signed with the forty

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Speaker 13: nine ers. Tyler Lindenbaum, a three time Pro Bowl center

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Speaker 13: in Baltimore, signed with Las Vegas. And Kenneth Walker, who

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Speaker 13: was the Super Bowl MVP with Seattle, is off to

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Speaker 13: Kansas City Team USA with a five to three win

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Speaker 13: over Mexico with the World Baseball Classic. That's to Bloomberg

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Speaker 13: Sports Update.

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Speaker 2: Stay with us more from Bloomberg Daybreak coming up after.

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Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business Appum. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. Now until the eleventh day

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Speaker 2: of the war in the Middle East. President Trump is

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Speaker 2: sending a signal to Americans and markets that the conflict

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Speaker 2: with Iran could be over very soon.

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Speaker 5: We're putting an end to all of this threat once

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Speaker 5: and for all, and the result will be lower oil prices,

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Speaker 5: oil and gas prices for American families.

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Speaker 2: Was President Trump, speaking at a news conference in d Ralph, Florida.

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Speaker 2: Joining US this morning from Jerusalem is Bloomberg News reporter

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Speaker 2: Dan Williams. Dan, Good morning, from where use it? Does

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Speaker 2: it look like the war could be over very soon?

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Speaker 2: It feels like it's waiting.

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Speaker 14: Then again, keep in mind that Israel, unlike US forces

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Speaker 14: in the Gulf, unlike many Gulf Arab powers, is a

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Speaker 14: good distance away from Iran. Therefore, naturally there's been a

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Speaker 14: tapering off of long distance Iranian fire against Israel as

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Speaker 14: the Iranian arsenal has either been spent or cut down

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Speaker 14: by US Israeli air strikes, so there are fewer sirens,

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Speaker 14: fewer calls to shelter. Israel is slowly reopening its economy,

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Speaker 14: kids aren't going back to school yet, and indeed, emergency

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Speaker 14: measures on the home front have been extended through Friday,

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Speaker 14: which indicates there won't be a full return to normalcy. However,

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Speaker 14: aviation is resuming gradually, but nonetheless it appears that things

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Speaker 14: will be back to normal in terms of civilian flights.

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Speaker 14: There is a separate front that Israel is dealing with

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Speaker 14: in Lebanon with Hezbalah, which is tradition the Iranian catspor,

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Speaker 14: a major gorilla ally of Iran. But even there there's

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Speaker 14: been a mixed message from Israel as to whether we

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Speaker 14: might see escalation or some sort of accommodation there. In

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Speaker 14: the Gulf as well, especially UEE, which has borne the

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Speaker 14: brunt of Iranian strikes, their reporting to drop off in

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Speaker 14: those attacks from Iran, So it woul appear that when

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Speaker 14: the President speaks of having eliminated the Iranian threat when

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Speaker 14: it comes to the Arsenal, he would appear to be correct.

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Speaker 14: That appears to be the case on the ground. The

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Speaker 14: wider questions is whether a fatal blow has been dealt

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Speaker 14: to the Iranian nuclear program, which appears to have been

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Speaker 14: reconstituted to a degree, or at least with the Iranians

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Speaker 14: retaining those stocks of highly enriched uranium that they had

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Speaker 14: last year after the previous round of us IS radio attacks.

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Speaker 14: On Iran, and also the wider question of what the

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Speaker 14: future holds for Iran should the shooting war end. In

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Speaker 14: terms of leadership, it would appear that the regime still

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Speaker 14: in place, is still holding firm, and the Israeli US

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Speaker 14: hope that through these attacks they've created enough of a space,

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Speaker 14: enough of a vacuum so that the opposition could come

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Speaker 14: in and topple that regime or replace it. We may

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Speaker 14: not be there quite yet.

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Speaker 2: Well, raises a question as well of what kind of

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Speaker 2: opposition there is in Iran. After the appointment of the

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Speaker 2: late Supreme Leader Hameeni son Muchteba as the new Supreme Leader,

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Speaker 2: we've heard some comments from Iranian leaders apologizing for strikes

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Speaker 2: on neighboring countries and at the same time vowing to

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Speaker 2: continue fights against the US and Israel. What does that

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Speaker 2: tell us about where things could go? Dan in our

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Speaker 2: last minute, that the.

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Speaker 14: Iranian regime is still in the fight publicly and in

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Speaker 14: terms of what remaining firepower it has, I would suggest

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Speaker 14: that you would have to be a hardliner in order

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Speaker 14: to take the reins there, given that you've already been

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Speaker 14: threatened by death by these Raelis and similar signals from

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Speaker 14: the US the question is what the coming days hold

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Speaker 14: in terms of what even the American presidents, that could

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Speaker 14: be a lost round of very punishing, very damaging strikes

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Speaker 14: when I run, if indeed we're on the way to

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Speaker 14: see this shooting Horle Winding up.

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