Iran Says Ceasefire Violated, Trump Lashes Out at NATO

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today, Karen.
The ceasefire between the US and Iran appears fragile this morning,
even as the US looks ahead to talks this weekend.
The White House says Vice President JD Vance will lead
a delegation to Pakistan on Saturday along with Envoys Steve
Whitcoff and Jared Kushner. Vance says President Trump's terms are clear.
The deal is a ceasefire, a negotiation. That's what we
give and what they give is the straits are going
to be reopened. If we don't see that happening, the
President is not going to abide by our terms if
the Uranians are not abiding by their term.
Vice President JD. Vance spoke to reporters in Hungary. Bloomberg's
Patrick Sikes reports the terms of the negotiation are in dispute.
Iran has this ten point plan that it talks about
being the basis of negotiations. It says that the US
is accepted that as a basis for talks. The US
talks about its own fifteen point plan, so it does
seem we are still some way apart, even on the
very broad contours of what is up for discussion this weekend.
That's Bloomberg's Patrick Sikes reporting from Istanbul. President Trump says
the US military will remain around Iran until the quote
real agreement is fully complied with. If not, he says
in a social media post, the real shooting starts. Iran's
ambassador to Pakistan post it on x that a delegation
would arrive in Islamabad for this weekend's talks tonight. That
post has since been deleted without explanation.
Well Nathan, Iranian officials say israel strikes in Lebanon yesterday
violated the terms of the ceasefire agreement Israel launched. It's
the largest assault yesterday on Lebanon since the start of
its invasion. Again, more from Bloomberg. Israeli Bureau Chief Ethan
Brauner in Tel Aviv.
Everyone has understood that when the US says the war
has to come to an end and Iran, Israel will agree.
Israel is insisting on more independence in terms of what
it does in Lebanon, and generally the US has allowed
it to do that. But Vance's statement suggests that they've
said to the Israelis, do us a favor. Here we're
in the middle of this negotiation, because what the Israelis
did yesterday was their biggest single moment operation since the
page Or thing two years ago. One hundred planes dropped
on targets simultaneously over a period of one to five
minutes something like that, and killed what they said was
hundreds of kihuzbela operative.
And Bloomberg Israeli Bureau chief Ethan Rauner, Lebanon's Health Ministry
said at least one hundred and eighty two people were
killed and hundreds wounded in the operation.
Karen, President Trump is lashing out at NATO's stance on
the Iran war following a meeting at the White House
with the Alliance's Secretary General Mark Ruta. Here is route
after that meeting with the President.
Well, let me be absolutely clear, is really disappointed and
with many nature allies, and I can see his points.
But at the same time I was also able to
appointed to the fact that the large majority of European
nations has been helpful with basing, with logistics, with overflights,
with making sure that they lift up to the commitments.
NATO Secretary General Mark Rota made those comments on CNN.
A senior NATO official says the US wants specific commitments
from European allies on their pledge to help secure the
Strait of horm moves after the fighting in Iran stops.
Wants the countries to present concrete plans to ensure navigation
through the waterway within days.
Nathan FBI director Cash battels As, a former employee of
the US military, has been arrested for leaking classified information
to the media. It comes two days after President Trump
threatened criminal charges for journalists who published details of a
military operation to rescue two US airmen in Iran.
When we turned out to the markets, Karen oil is
on the rise once again as the Strait of Hormones
remains largely blocked. Brent crude is up three point two percent,
trading a just shy of ninety eight dollars of Barrow
West Texas Intermediate. It's not too far behind, up three
point four percent. Yesterday, Brent slumped thirteen percent, its biggest
one day drop in six years. Ed Morris is senior
advisor and commodities analyst at heart Tree Partners.
I think we're going to see even more volatility than
we've had in the past, and that's been a lot
of volatility. We don't know what's going to happen in
the next two months, let alone the next two weeks,
and no matter what happens in terms of a declaration
of a ceasefire and an effort to do it, we're
not going to see ships moving through the strait except
all those lined up trapped north of the strait of
hormones that want to get out.
Hartree Partners Commodities analyst Ed Moore says even once hormus
transit picks up, it could take weeks or possibly longer
to return to normal.
And Nathan stocks are giving up some of yesterday's big gains.
Right now, SMP futures are down four tenths of up percent. Yesterday,
all three major indexes gained at least two and a
half percent. The Dow searched more than thirteen hundred points.
Pria Misras, a portfolio manager at JP Morgan Asset Management,
some of.
That heated rhetoric over the last few days. I fel
like it was coming to a head, So hopefully there
is a cease five. I think we're watching headlines like
everyone is. I mean, there's a lot of questions. I
think as a sigh of relief, but there's a lot
of details around who controls the straight of foremost is
two weeks enough to get some sort of a permanence.
To this and JP Morgan Asset Management portfolio manager Pria
Misra notes the S and P five hundred broke above
its two hundred day and fifty day moving averages yesterday.
And that rally Karen N's the second biggest one day
gain ever for the world's richest people. In fact, the
five hundred wealthiest added two hundred and sixty five billion
dollar dollars to their collective fortunes as as stock sword.
The surge comes almost exactly one year after the richest
gained a record three hundred and four billion dollars in
the day following President Trump's declaration of a ninety day
pause on his planned Liberation Day tariffs. Meta CEO Mark
Zuckerberg was the biggest gainer on Bloomberg's Wealth Index yesterday.
He added twelve point eight billion dollars to his net
worth after Meta shares rose six and a half percent.
Well, Nathan Let's turn to the economy. Now men, it's
the fedes March meeting showed a growing number of officials
worried the Iran war could stoke inflation. Most officials worried
a protracted war could hurt the labor market and warrant
lower interest rates. At the same time, many policymakers highlighted
the risk to inflation that might ultimately warrant rate increases.
Well, today, Karen, Fed officials and investors get a slew
of economic data. Let's get a preview from Bloomberg's Michael McKee.
It's a day of important but mostly before the war data.
The PCE Inflation Index is the Fed's key measure. Both
headline and core forecast to be little changed, but the
data are from February, before the war started and energy
prices skyrocketed. The same caveat holds for consumer spending and incomes.
Any sign of a gas price led spending slowdown would
be premature. Although nationwide average pump prices were rising through February,
the high was only two dollars and ninety eight cents
on the last day of the month. More current, initial
jobless claims for last week. Claims have been holding at
a very low level, suggesting companies aren't shedding workers a
sign of labor market stability. A surprise move up or
down would cause a market reaction. Michael McKee, Bloomberg Radio.
It's time now for a look at some of the
other stories making news in New York and around the world,
and for that we're joined by Bloomberg's Michael Barr Michael
good Morning, Good.
Morning, Karen. Long Island. Serial killer Rex Kureman entered a
guilty plea in the Gilgol Beach murders, with the families
of the victims and the court room and his ex
wife of twenty seven years and daughter watching Hureman pleaded
guilty Wednesday to murdering eight women in a nearly two
decade killing spree starting in nineteen ninety three. Heureman strangled
as victims who he hired as escorts. Suffolk County District
Attorney Ray Tierney, we.
Are honored and thankful for having being able to have
played a small role in obtaining a small measure of
justice for these families.
Da Ray Tierney says he believes there was just a
point where Heureerman was exhausted and did not want to
go on defending himself. At least one person is dead
after a seventh story garage under construction collapsed in Philadelphia Wednesday.
Emergency crews are searching for survivors in the debris, but
Fire Commissioner Jeffrey Thompson says the structure remains unstable.
We have to very carefully and methodically deconstruct this building
for the safety of the people working on it and
ultimately for the safety of the first responders who will
continue to search.
Commissioner Thompson says the collapse started in a stairwell of
the structure. The Artemis two crew is heading back to
Earth after flying behind the Moon. The crew of the
Orion spacecraft is carrying out some final tests on the
way home. In a news conference from space pilot Victor
Glover reflected on the mission.
We have to get back. There's so much data that
you've seen already, but all the good stuff is coming
back with us. There's so many more pictures, so many
more stories, and gosh, I haven't even begun to process
what we've been through.
Artemis two is scheduled to splash down in the Pacific
Ocean Friday night. Global News twenty four hours a day
and whenever you want it with Bloomberg News Now, not
Michael Barrn. This is Bloomberg Hearing.
Thanks Michael.
All time now for our Bloomberg Sports Update, and for
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Thanks Dawn.
The Oklahoma City Thunder defending the NBA champions and favorites
to win again this year. They beat the Clippers in
LA to clinch the one seed at home court advantage
throughout the playoffs after sixty eight wins last year, at
sixty four was still two games to go. That's the
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The Master's ninetieth edition Tee's off today at Augusta. Rory
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Bloomberg Sports Update.
Stay with us.
More from Bloomberg Daybreak coming up after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hagards. Day two of the two
week ceasefire between the US and Irana. The situation remains fragile,
with Taran accusing the US of violating the agreement through
Israeli attacks on Lebanon, but Vice President Jady Vance says
it would be dumb, in his words, to let negotiations
fall apart over that.
I think the Iranians thought that the ceasefire included Lebanon,
and it just didn't. We never made that promise, We
never indicated that was going to be the case.
That was Vice President jd Van speaking with reporters in
Hungary ahead of the negotiations. He said to lead in
Pakistan this weekend, joining us from Tel Aviv. This morning
is Bloomberg News. Israel Bureau Chief Ethan Bronner, Ethan, good morning.
What is the possibility that these Israeli attacks on Lebanon
could derail this truce?
Good morning, Good morning, Nathan. Look, I think they're an obstacle,
but I would be surprised if they derailed the truth.
I think that the core issue here is the straighter
for moves, the global movement of oil, and you know,
these larger golf issues, rather than what to some extent
has been a side show in Lebanon and his flaw,
So you know, it's something that's going to be on
the table, but I don't think it's going to be
the thing that will cause the problem.
And in the meantime, the attack we saw yesterday by
Israel on Hesba of targets in Lebanon was pretty significant
to say the very least. What does it mean for
Hezbola's potential going forward?
Yeah, what happened yesterday, I mean it was some massive
affair of like a hundred planes attacking within ten minutes
different spots. The Defense Minister here and the Prime Minister
both compared it to the attack that Israel carried out
on his Bola a couple of years ago using those
rigged cagers which wounded thousands of people. The idea being
that this was a major intelligence coop. For what Israel
did yesterday, we don't have a lot of details, but
they're claiming to have gotten a lot of important his
Bola people at that time yesterday. So if they did,
that will of course play a role. But as we've
seen with Amas with his Bela and indeed with Iran
eliminating a whole row of people at the top of
these organizations and countries don't necessarily doesn't necessarily and the
place their ability to keep act functioning.
You know, is there a concern in Israel that this
could lead to a direct Iranian response against Israel.
There is a concern. I will say that the Home
Command has told people that they can go back to
acting more or less normally. School is due to begin,
the airport has vastly increased its traffic. So while there
is concern, I would say that the official view is
that it will not. There have been a few Hisbola
rocket and missile attacks in the last twelve hours or so,
but relatively minor, and in the north nothing from Iran.
In our last thirty seconds. With so much focus on
the Strait of Horrormus, what is the situation there right now?
Yeah, the situation seems to be that it's still basically
blocked by Iran. They stay've handed out a map telling
people how they could do it. There's some lack of
clarity about whether they're going to continue to collect fees
in cooperation with the US. All of that to be negotiated,
a huge, huge mess for oil and global economic issues.
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