Iran War To End 'Soon' Says Trump, Oil Prices Tumble As Stocks Gain

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Good morning.
I'm Nathan Hager and I'm John Tucker. Here are these
stories we're following today.
All right, John, thank you. The war with Iran is
now into its eleventh day, but President Trump is signaling
it could be over very soon. At a news conference
from his resort in derral Florida, the President said the
conflict might not end this week, but it is going
ahead of schedule.
Doing really well.
I mean at a level that nobody thought. We took
a little excursion because we felt we had to do
that to get rid of some evil. And I think
you'll see it's going to be a short term excursion.
President Trump says the US has hit five thousand targets
in Iran. He says it's military capacities down to ten
percent and drone launches have decreased eighty three percent. He's
promising to bring oil prices down that he says have
gone artificially up because of the excursion. We get more
from Bloomberg's Jumana Borsecci in Dubai.
What has happened here is he is responding to global
markets and the impact that the energy shock is beginning
to have on some of these global energy markets and
obviously ultimately the US consumer here. And he also made
another very strong threat to the IRGC, saying that if
they continue to block oil transportation through the Straits, they
will be hit by the United States twenty times harder
than they have been hit thus far.
Bloomberg Stomanni Arsaci reports the president says he's discussed waving
some oil related sanctions in a call with Russian President
Vladimir Putin, and he's considering other options to bring oil
and gas prices down, including releases from emergency stockpiles and
a pause on federal gas taxes. In the meantime, blasts
continue to be heard across Iran, Saudi Arabia and Bahrain
have been dealing with incoming projectiles overnight, and Turkey says
NATO is deploying a US made Patriot missile defense system
to its south. That's after the Alliance intercepted two Iranian
missiles over Turkish airspace in recent days.
And the price of oil continues to drop following the
President's comments on the war. As Bloomberg's Will Kennedy reports,
it was quite an historic day in the energy markets.
It was a wild day in oil markets yesterday. It
was the biggest fall from the interdey peak to the
clothes that the market's ever seen, more than thirty dollars.
Pretty extraordinary trading. Yes, the market's colma. They heard what
they wanted to hear from the President, which is that
he sees an end to the war in eventively short time,
and if that happens, it would allow the oil market
to return to normal.
Yeah.
Bloomberg's Will Kennelly says the intense swings on Monday saw
Brent trade in a band of about thirty six dollars
that is the most on record in the widest range
since Russia invaded Ukraine in twenty twenty two.
Yeah, I also call it saw quite the turnaround in
the equity markets, John the S and P five hundred
was down as much as one and a half percent,
but it closed higher by eight tenths of one percent.
In the Nasdaq rose one point four percent. Cameron Dawson,
chief investment officer at New Edgewealth, is still cautious.
I think that we might be a little bit early
for opportunities again. We get back to those technicals where
we see flush metrics of things being sold too far,
too fast, and discriminate selling. There's going to be great
buying opportunities that come out of this, but we're not
seeing those measures flash the warning signs yet that suggest
that you should back up the truck.
It's new edge.
Weelf's Cameron DAWs and yesterday the Sea Bow Volatility Index,
the so called fear gauge for Wall Street, tumbled thirteen
percent after reaching its highest level since last April.
And a let's turn to politics. A couple of critical
primaries in the Deep South today. This where voters are
going to choose nominees to represent Mississippi and Congress. And
at Georgia, voters are going to decide who's going to
succeed former Representative Marjorie Taylor Green. Bloomberg Samy Morris reports
from Washington.
In Georgia, more than fifteen candidates are running in the
special election for Representative Green's seat, rated as the most
Republican leaning in Georgia by the Cook Political Report. Most
of the contenders are Republicans, but Clay Fuller, one President
Trump's endorsement. Democrats are looking to retire to Army General
Sean Harris, who won the nomination in twenty twenty four.
In Mississippi, Republican Senator Cindy Hyde Smith faces a primary
challenge from physician and novelist Sarah Abloca. Representative Benny Thompson,
the delegation's only Democrat, faces two primary challengers in his
bid for an eighteenth term. In Washington, Amy Morris Bloomberg Radio.
Amy, thank you. The high stakes battle between Anthropic and
the US government continues this morning. The Artificial intelligence Giant
is suing the Defense Department for declaring the company a
risk the US supply chain and shifting its AI work
to other providers. Seth Fiegerman is covering the story for Bloomberg.
Well, we're hearing from Anthropic here in a statement as
they're taking this step to protect their customers and their business.
At the same time, though, they're telling us that they
intend to pursue all avenues here to truck and media
this relationship with the government, including direct conversation with the government.
So they're not foreclosing the continuation of talks here, but
they are still pursuing litigation Bloomberg.
Seth Figerman says the dispute erupted last month after the
Pentagon wanted to use Anthropics Claude chat bot for any
purpose within legal limits and without any usage restrictions. Anthropics
insisted it's chatbot not be used for mass surveillance against
Americans or in fully autonomous weapons operations.
And President Trump's nominee to become the new chairman of
the Federal Reserve. We'll be meeting with senator as possibly
as early as today to see their support. We get
more from Bloomberg's Tom Busby.
Financier and former Fed Governor Kevin Walsh going on a
charm offensive with US Senators this week ahead of his
expected hearing and his mission to replace jer Own Powell
as head of the nation's central Bank. Pal's term ends
in May.
Now.
One Senator on the dance guard is Tom Tillis, Republican
of North Carolina, who said he likes Warsh in that
position but opposes any nomination hearing until the Justice Department
ends its investigation into the feds two and a half
billion dollar renovation of its headquarters, saying it puts inappropriate
pressure on Powell to lower interest rates. Tom Buzzby Bloomberg Radio, Okay, Tom,
thank you. Jet Blue flights are resuming this morning. That's
after the Federal Aviation Administration set a nationwide ground stop
that the airline request had had been canceled. The airline
had suffered a system outage. Flights were halted for about
an hour.
And FedEx has eclipsed to UPS is the largest US
parcel carry of our market value for the first time ever.
The milestone punctuates a multi year stocks live for the
one hundred nineteen year old UPS, which was face pressure
from labor costs, declining volume, and questions about its relationship
with Amazon.
On a program note, John Markets may close on Fridays,
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Good that brings us to five a wave Thump Wall
Street timed Now for a look at some of the
other stories making news in New York and around the world.
To and for that, we're joined by Bloomberg's Michael Barr Michael,
good Morning.
Good morning John. Investigators are trying to learn more about
two young Pennsylvania men accused of bringing homemade bombs to
a protest outside the home of New York City's Mayor.
Mir Blad and Abraham Cayumi allegedly told authorities after their
arrest that they were inspired by ISIS. In YPD Commissioner
Jessica Tish, en route to.
The NYPD precinct, Blot made spontaneous statements without being questioned
by NYPD officers that were captured on body worn camera footage.
She said, this isn't religion that just stands. When people
talk about the blessed name of the prophet, we take action,
We take action.
Mayor Zurun Mumdani said everyone has the right to peaceful protest,
but violence won't be tolerated.
Anyone who comes to New York City to bring violence
to our streets will be held accountable in accordance with
the law.
The lot's lawyers said his client as a high school
senior with a complicated personal life and that he doesn't
know what he's doing. Three brothers, including two prominent luxury
real estate brokers in New York City, have been convicted
of conspiring to drug and rape multiple women. Jurors return
guilty verdicts on nineteen counts after a five week trial
that included testimony from eleven women who said they were
assaulted by one or more of the Alexander brothers or
inteal And Alon defense attorney Mark Agnefilo says the verdict
will be appealed.
We believe in our client's innocence and we're not going
to stop fighting until we prevail, and we believe that
we will one day prevailed.
The women described they were attacked after they were invited
to vacation locales, including the Hamptons. The President of Ohio
State has resigned. Under Ted Carter's leadership, OSU has stopped
all DEI efforts and cracked down on student protests against
the Israel Amas War. Now, Carter has told the Ohio
State Trustees that he had an inappropriate relationship with a
woman looking for public resources to support her personal business.
Global News twenty four hours a day and whenever you
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Time now for a Bloomberg Sports update. For that, we
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The start of NFL free agency and the Miami Dolphins
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Sports Update.
Stay with us more from Bloomberg Daybreak coming up after.
This Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,
and around the world on Bloomberg dot Com and the
Bloomberg Business Appum. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. Now until the eleventh day
of the war in the Middle East. President Trump is
sending a signal to Americans and markets that the conflict
with Iran could be over very soon.
We're putting an end to all of this threat once
and for all, and the result will be lower oil prices,
oil and gas prices for American families.
Was President Trump, speaking at a news conference in d Ralph, Florida.
Joining US this morning from Jerusalem is Bloomberg News reporter
Dan Williams. Dan, Good morning, from where use it? Does
it look like the war could be over very soon?
It feels like it's waiting.
Then again, keep in mind that Israel, unlike US forces
in the Gulf, unlike many Gulf Arab powers, is a
good distance away from Iran. Therefore, naturally there's been a
tapering off of long distance Iranian fire against Israel as
the Iranian arsenal has either been spent or cut down
by US Israeli air strikes, so there are fewer sirens,
fewer calls to shelter. Israel is slowly reopening its economy,
kids aren't going back to school yet, and indeed, emergency
measures on the home front have been extended through Friday,
which indicates there won't be a full return to normalcy. However,
aviation is resuming gradually, but nonetheless it appears that things
will be back to normal in terms of civilian flights.
There is a separate front that Israel is dealing with
in Lebanon with Hezbalah, which is tradition the Iranian catspor,
a major gorilla ally of Iran. But even there there's
been a mixed message from Israel as to whether we
might see escalation or some sort of accommodation there. In
the Gulf as well, especially UEE, which has borne the
brunt of Iranian strikes, their reporting to drop off in
those attacks from Iran, So it woul appear that when
the President speaks of having eliminated the Iranian threat when
it comes to the Arsenal, he would appear to be correct.
That appears to be the case on the ground. The
wider questions is whether a fatal blow has been dealt
to the Iranian nuclear program, which appears to have been
reconstituted to a degree, or at least with the Iranians
retaining those stocks of highly enriched uranium that they had
last year after the previous round of us IS radio attacks.
On Iran, and also the wider question of what the
future holds for Iran should the shooting war end. In
terms of leadership, it would appear that the regime still
in place, is still holding firm, and the Israeli US
hope that through these attacks they've created enough of a space,
enough of a vacuum so that the opposition could come
in and topple that regime or replace it. We may
not be there quite yet.
Well, raises a question as well of what kind of
opposition there is in Iran. After the appointment of the
late Supreme Leader Hameeni son Muchteba as the new Supreme Leader,
we've heard some comments from Iranian leaders apologizing for strikes
on neighboring countries and at the same time vowing to
continue fights against the US and Israel. What does that
tell us about where things could go? Dan in our
last minute, that the.
Iranian regime is still in the fight publicly and in
terms of what remaining firepower it has, I would suggest
that you would have to be a hardliner in order
to take the reins there, given that you've already been
threatened by death by these Raelis and similar signals from
the US the question is what the coming days hold
in terms of what even the American presidents, that could
be a lost round of very punishing, very damaging strikes
when I run, if indeed we're on the way to
see this shooting Horle Winding up.
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