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.
Speaker 3: Karen, the war with Iran is now into a seventh
Speaker 3: day and there is little sign of let up on
Speaker 3: either side. This morning, Iran's Mayor News service reports Tehran
Speaker 3: has fired a massive barrage of missiles at Israel. That
Speaker 3: says Israel hits Tehran and be root with air strikes.
Speaker 3: President Trump says the US continues to totally demolish Iran's forces,
Speaker 3: so they have.
Speaker 4: No air force, they have no air defense.
Speaker 5: All of their airplanes are goun, their communications are gun missiles.
Speaker 5: A gun launches a gun about sixty percent and sixty
Speaker 5: four percent, respectively.
Speaker 6: Other than that, they're doing quite well.
Speaker 3: President Trump spoke at the White House. We get more
Speaker 3: from Bloomberg's Patrick Sykes in Istanbul.
Speaker 7: Yeah, reports are particularly as particularly heavy strikes in Tehran
Speaker 7: overnight in early this morning. We've also had more attacks
Speaker 7: touching Israel, Saudi katan Qa as well as northern Iraq.
Speaker 7: That's one to watch in particular because of the Kurdish
Speaker 7: dynamic there. Iran. The regime in Tehran very concerned that
Speaker 7: they could see Kurdish militants trying to take control and
Speaker 7: attack positions in that part of the region.
Speaker 3: Bloomberg's Patrick Sykes reports Iran is warning it plans to
Speaker 3: use newer long range missiles in the coming days. That's
Speaker 3: according to a report from the country's semi official Fars
Speaker 3: news agency. The war has left more than thirteen hundred
Speaker 3: people dead in Iran and dozens more in other parts
Speaker 3: of the Middle East. The Pentagon says six US troops
Speaker 3: have been killed, all in the first two days of fighting.
Speaker 8: Nathan.
Speaker 2: President Trump says he wants to have a hand in
Speaker 2: who the next leader of Iran will be. Bloomberg Middle
Speaker 2: East correspondent Jumana Burssetti has more on the search to
Speaker 2: replace Supreme Leader Ayatola Ali Hamini.
Speaker 9: The main one that people are talking about is Hamene's son, Mushtabakhmene,
Speaker 9: who is quite little cut from the same cloth, hardliner,
Speaker 9: very close to his father's ideology, very close to the
Speaker 9: clerics and to the Revolutionary Guard. The President Trump saying
Speaker 9: Kamani's son is unacceptable to me. We want someone that
Speaker 9: will bring in harmony and peace to Iran. Other names
Speaker 9: that are being put up. Ali Arafi, you may have
Speaker 9: heard his name because he's one of the three people
Speaker 9: on the Transitional Leadership Council or another name that's being
Speaker 9: put up, as well as the grandson of the original
Speaker 9: Supreme Leader Romani. All of these names are considered to
Speaker 9: be very close to the Revolutionary Guard, still adopting the
Speaker 9: very hardline theology and ideological positions of the former Supreme Leader.
Speaker 2: Bloombergs Demna Bresacchi notes that Around's Assembly of Experts is
Speaker 2: responsible for appointing, supervising, and discharging the Supreme Leader. This
Speaker 2: is the second Supreme Leader the Assembly will pick in
Speaker 2: the Islamic Republic's forty seven year history.
Speaker 3: Well, with no end insights to the fighting, Karen, we
Speaker 3: are seeing oil on the rise once again in Bloomberg's
Speaker 3: John Tucker's watching the markets for us.
Speaker 6: John, good morning and Nathan, good morning.
Speaker 10: The Joint Maritime Information Center announced early this morning the
Speaker 10: Strait of Hormones shipping traffic near total halt. And now
Speaker 10: this headline cutter is now warning it will not resume
Speaker 10: production until fighting stops. Oil headed for the biggest weekly
Speaker 10: surge since twenty twenty two. A brand the international benchmark
Speaker 10: currently training above eighty seven dollars a barrel, and for
Speaker 10: some contexts, last year, about twenty million barrels of oil
Speaker 10: and petroleum products flow through the Strait of Hormones every day.
Speaker 10: Richmond Fed President Thomas Barkett is telling Bloomberg, it's the
Speaker 10: price at the pump matters a lot in terms of
Speaker 10: sentiment in the US and crowding out other spending.
Speaker 11: And so I'm just watching prices at the pump. They've
Speaker 11: jumped up over the last week. You can see that
Speaker 11: when you drive around. But of course no one knows
Speaker 11: whether this is going to be short term or long term,
Speaker 11: and so we'll just see where it goes well.
Speaker 10: US gasoline pump prices have now advanced to the highest
Speaker 10: level since September twenty twenty four, to triple a the
Speaker 10: average retail price of regular three point thirty two a
Speaker 10: gallon in New York On John Tucker Bloomberg.
Speaker 2: Radio, Right, John, thank you. The financial and logistical troubles
Speaker 2: the Iran war is causing for the global aviation industry
Speaker 2: are compounding by the day. The number of canceled flights
Speaker 2: to Middle East tubs has surpassed twenty seven thousand Since
Speaker 2: fighting began, thousands of passengers have been stranded in the
Speaker 2: Gulf region.
Speaker 3: On Capitol hillcare in the House has joined the Senate
Speaker 3: in rejecting a bill that would have forced President Trump
Speaker 3: to halt strikes on Iran. A handful of Democrats joined
Speaker 3: most Republicans in voting against the War Powers Resolution two
Speaker 3: nineteen to two twelve. House Speaker Mike Johnson says it
Speaker 3: was the right move.
Speaker 12: Would have been a very dangerous gambit to take the
Speaker 12: Commander in chief's ability away to complete this mission. It
Speaker 12: would have been a very serious misstep by Congress, and
Speaker 12: I'm grateful that that resolution failed.
Speaker 3: Speaker Johnson spoke on Capitol Hill after the vote. Lawmakers
Speaker 3: will have another chance to weigh in on the war soon.
Speaker 3: The White House is preparing ask Congress for billions of
Speaker 3: dollars to continue the fight against Iran.
Speaker 2: Well Nathan. President Trump removed Christy Nome as Homeland Security
Speaker 2: Secretary after months of controversy and announced he would replace
Speaker 2: her with Oklahoma Senator Mark Wayne Mullen. Bloomberg's Amy Morris
Speaker 2: s Hays more from Washington.
Speaker 8: Sources tell Bloomberg President Trump was upset with Nome for
Speaker 8: telling lawmakers. The president signed off on a roughly two
Speaker 8: hundred million dollar advertising campaign. Mullen talked to reporters on
Speaker 8: Capitol Hill about the chain.
Speaker 3: I'm here to enforce the policies that Congress passed, and
Speaker 3: right now I'm part of it. But once I make
Speaker 3: that transition, my focus is to keep the homeland secure.
Speaker 8: Trump says he'll name NOME as a special Envoy for
Speaker 8: the Shield of the Americas. It's a new security initiative,
Speaker 8: he plans to announce on Saturday at a summit with
Speaker 8: Latin American leaders. Noam posted her thanks to the President
Speaker 8: on social media, saying that she's looking forward to her
Speaker 8: new role in Washington. Amy Moore as Bloomberg Radio.
Speaker 2: Amy thank you, and President Trump posted on social media
Speaker 2: that the move would take effect March thirty.
Speaker 3: First, Karen Anthropic could be headed for a legal showdown
Speaker 3: on AI with the US government. The company's vowing to
Speaker 3: legally contest a Pentagon decision to declare it a threat
Speaker 3: to the US supply chain. The move puts the firm's
Speaker 3: contracted risk it provides the Pentagon with classified AI tools.
Speaker 3: This clash came to a head last week when the
Speaker 3: White House said Anthropic would be blacklisted for refusing to
Speaker 3: allow its technology to be used for mass surveillance in
Speaker 3: the US or the development of autonomous weapons.
Speaker 2: Well Nathan, the Trump administration is considering taking a formal
Speaker 2: role in the artificial intelligence industry. US officials have written
Speaker 2: draft regulations that would restrict AI chip shipments to anywhere
Speaker 2: in the world without American approval. Bloomberg Technology host ed
Speaker 2: Ludlow says this would make the US government the gatekeeper
Speaker 2: for who can buy large amounts of chips.
Speaker 4: If it's a small project or small shipment, that would
Speaker 4: face lighter review. If it's a bigger data center project
Speaker 4: at say Giggle what scale that would require the tens
Speaker 4: of thousands or hundreds of thousands of GPUs the day
Speaker 4: centers of that magnitude rely on, then it would not
Speaker 4: just be a thorough review by BIS in the US government.
Speaker 4: But you're talking now about government government talks.
Speaker 2: And bloombergs ed lolosas chip giants. Nvidia at AMD did
Speaker 2: not respond to requests for comment to the story.
Speaker 3: Turning back to the markets, now, Karen, futures are lower
Speaker 3: after yesterday's losses on Wall Street. The S and P
Speaker 3: five hundred was down one and a half percent at
Speaker 3: one point, but it closed lower by a half percent.
Speaker 3: This morning, Wall Street awaits the latest monthly jobs report,
Speaker 3: and we get a preview from Bloomberg's Charlie Pellett.
Speaker 6: The government's employment report is expected to show that hiring
Speaker 6: moderated last month after an unexpectedly strong reading in January.
Speaker 6: Economists surveyed by Bloomberg see the US economy adding fifty
Speaker 6: five thousand new jobs, with the unemployment rate holding at
Speaker 6: four point three percent. Kathy bus Jensik is chief economist
Speaker 6: at Nationwide Mutual.
Speaker 2: When you look at the trend, I think the labor
Speaker 2: market has been pretty resilient here.
Speaker 5: It's not buoyant, but resilient.
Speaker 6: Some economists have warned that severe winter weather could dent
Speaker 6: the headline payrolls number in New York. Charlie palettes Bloomberg Radio.
Speaker 3: And another program Note, Karen, as we've just seen this
Speaker 3: past weekend, markets may close this afternoon, but the world
Speaker 3: will not. And that is why we are bringing you
Speaker 3: a new live radio and TV show, Bloomberg this weekend.
Speaker 3: It looks beyond the headlines of the day to the
Speaker 3: bigger themes driving politics, business, and culture. We invite you
Speaker 3: to join David Gera, Christina Raffini, and Lisa Matteo to
Speaker 3: get smart conversations and in depth interviews that help make
Speaker 3: sense of the week that's been and what comes next.
Speaker 3: Get Bloomberg This Weekend Live Saturdays and Sundays from seven
Speaker 3: am Eastern on Bloomberg Radio, Bloomberg Television, and the Bloomberg
Speaker 3: Business App.
Speaker 8: Time now for.
Speaker 2: Look at some of the other stories making news in
Speaker 2: New York and around the world, and for that we're
Speaker 2: joined by Bloombergy's Michael Barr Michael Good Morning.
Speaker 5: Good Morning Karen. New York Governor Kathy Oakel says although
Speaker 5: the state was not facing any credible threats because of
Speaker 5: the unrest in the Middle East, the state cybersecurity and
Speaker 5: counter terrorism experts are monitoring the situation. Hokeel said the
Speaker 5: state remains on high alert as the conflict between the US, Israel,
Speaker 5: and Ron War stretches into a seventh day.
Speaker 13: And it's a city that is home to over a
Speaker 13: million Muslims, a state of million Muslims, but also a
Speaker 13: million Jews as well. We are exposed. We are exposed
Speaker 13: to this as we have been in the past. So
Speaker 13: we take it very sissy. We're working hand in hand
Speaker 13: with NYPD.
Speaker 5: Governor Hockel says she has been getting hourly updates on
Speaker 5: the situation. Groups representing US airlines and the travel industry
Speaker 5: are calling on Congress to reopen the Department of Homeland
Speaker 5: Security so that airport screeners can get paid. At a
Speaker 5: pay Federal Aviation Workers news conference in Washington, DC, President
Speaker 5: and CEO of the US Travel Association, Jeff Freeman says
Speaker 5: it's reckless not to pay these critical workers.
Speaker 13: You can't run an industry with three trillion dollars in
Speaker 13: economic impact on IOUs.
Speaker 5: The funding lap stems from disagreements over immigration enforcement after
Speaker 5: federal ice agents killed two Americans in Minneapolis, with the
Speaker 5: Democrats demanding reforms. Three former presidents will be among those
Speaker 5: attending the funeral service in Chicago today for the Reverend
Speaker 5: Jesse Jackson. Former Presidents Bill Clinton, Barack Obama, and Joe
Speaker 5: Biden will say a final goodbye to Jackson at what's
Speaker 5: being called the People's Celebration at the House of Hope
Speaker 5: Baptist Church. Private service will be held Saturday at Rainbow
Speaker 5: Push Coalition headquarters for Jackson, who died at age eighty
Speaker 5: four Global news twenty four hours a day and whenever
Speaker 5: you want it with Bloomberg News Now. I'm Michael Barr.
Speaker 5: This Isloomberg. Karen.
Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and
Speaker 2: for that we bring in Dan Schwartzman.
Speaker 6: Thanks Karen.
Speaker 14: The NHL trade deadline is this afternoon at three pm
Speaker 14: Eastern Time. Moves being made already this morning, as the
Speaker 14: Capitalist have shipped longtime defenseman John Carlson to the Ducks
Speaker 14: for a conditional first round pick and a third rounder.
Speaker 14: Houston Texans and five time Pro Bowl defensive end Daniel
Speaker 14: Hunter agreeing to a one year, forty million dollar contract extension.
Speaker 14: Hunter was named a second team All Pro last season
Speaker 14: after registering fifteen sacks, Lebron James making more history and
Speaker 14: the Lakers loss to the Nuggets, passing cream Abdul Jabbar
Speaker 14: for most field goals made an NBA history with fifteen,
Speaker 14: eight hundred and thirty eight. Meanwhile, Celtics star Jason Tatum
Speaker 14: expected to play tonight as Boston host to Mavericks. Tatum
Speaker 14: has been out less than ten months after tearing his
Speaker 14: right achilles tendon in the playoffs last season against the Knicks.
Speaker 14: That's your Bloomberg Sports update.
Speaker 2: Stay with us. More from Bloomberg day Break coming up
Speaker 2: after this.
Speaker 1: Coast to coast on bloom Burg Radio nationwide on Serious
Speaker 1: Exam and around the world on Bloomberg dot Com and
Speaker 1: the Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager, coming to the end of
Speaker 3: the first week of the war where they're ran, but
Speaker 3: there is little and insight to the war itself. Joining
Speaker 3: us this morning from Mistan. Bold is Bloomberg News Middle
Speaker 3: East Breaking News Editor Patrick Sikes. Patrick, what is the latest?
Speaker 5: Good morning?
Speaker 2: Hi.
Speaker 15: They have no sign of let up, as you say,
Speaker 15: the Ranians over night saying they've got no intention to
Speaker 15: negotiate and they haven't asked for a ceasefire, denying some
Speaker 15: of the reports we've had over the past few days
Speaker 15: to that effect. And strikes are still happening today in Israel,
Speaker 15: in Saudi kata Q eight, Northern Iraq as well. The
Speaker 15: latter I think an important one to watch because of
Speaker 15: the reports over the past few days about potential US
Speaker 15: Kurdish coordination to weaken the regime in Iran.
Speaker 3: And the headline I saw from Qatar as well, that
Speaker 3: is might be shutting down oil production completely until the
Speaker 3: fighting stops. What's the latest on that.
Speaker 15: Yeah, oil and particularly gas and leg will be important
Speaker 15: for Qatar, one of the biggest producers in the world,
Speaker 15: and currently all of that is stuck on the wrong
Speaker 15: side of the Straight of Hormos. I think that that's
Speaker 15: book the market. We saw oil react to that because
Speaker 15: it just underlines the potential for this to continue for weeks.
Speaker 15: I think he said something too effective. If it's four
Speaker 15: or five weeks kind of timeline, then we could see
Speaker 15: oil going to one hundred and fifty dollars a barrel.
Speaker 15: That's almost double where we are now. So again the
Speaker 15: market is super hounded on the duration of the conflict. Well,
Speaker 15: I gauge the risk.
Speaker 3: There is some question about the duration. Given that President
Speaker 3: Trump has said that Iran's air defenses and navy are
Speaker 3: gone and the missile launchers as well have been depleted.
Speaker 3: What could that say about the extent of the damage
Speaker 3: and how much longer this could go on.
Speaker 15: I think our colleagues on the Economiccited have done some
Speaker 15: good analysis about this, and they give the nuance that
Speaker 15: that air dominance air superiority is true. But it's in
Speaker 15: very specific areas, right. It's not the case that the
Speaker 15: US Israel can fly unimpeded without risk over the whole
Speaker 15: of the territory of Iran. If you look at the map,
Speaker 15: they've really been focused on the western part near the border,
Speaker 15: that that enemy facing side of Iran. But there's still
Speaker 15: I think in there are a lot of targets to
Speaker 15: go for further inland, and that's why I think there's
Speaker 15: still plenty of scope for it to continue.
Speaker 3: Just thirty seconds left, Patrick, But what's the air travel
Speaker 3: situation like right now?
Speaker 15: Fundamentally it's still extremely disruptive. We've seen some companies and
Speaker 15: individual corporate companies as well arranging emergency flights out, but
Speaker 15: fundamentally that disruption is still ongoing. Interestingly, with a story
Speaker 15: about people crossing the border from Dubai to get to
Speaker 15: Omar and hiring private with jet turns the flyouts. That
Speaker 15: has been a big spike in private jet travel as well.
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