Trump Wants Iran 'Back To The Stone Age,' Moon Mission Liftoff

Bloomberg Audio Studios, Podcasts, radio News.
Good morning, I'm Nathan Hager and I'm Alexis Christophers.
Here are the stories we're following today.
Alexis, we begin with a major speech from President Donald
Trump as the US war with Iran nears the end
of its five week mark. In a primetime address heard
live on Bloomberg Radio, the President defended his decision to
go after Tehran's nuclear and missile programs more than a
month ago.
For years, everyone has said that Iran cannot have nuclear weapons,
But in the end, those are just words if you're
not willing to take action when the time comes.
And the President said, the action he's taken is close
to achieving that objective, but before that, he says, there
will need to be more action.
We're going to hit them extremely hard over the next
two to three weeks. We're going to bring them back
to the Stone ages where they belong.
At the same time, President Trump says discussions with the
Ron's regime or ongoing, but he did not lay out
a plan to convince Tehran to allow passage through the
Strait of Hormuz. The President had this to say to
allies struggling to get fuel through the Strait.
Number one, by oil from the United States of America.
We have plenty. We have so much. And number two
build up some delayed courage. Should have done it before,
should have done it with us as we asked, go
to the Strait and just take it.
President Trump also says the loss of thirteen US service
members in the conflict has only stiffened his resolve to
finish the job.
And Nathan the speech is getting an anxious reaction in
markets and in Washington.
D C.
Bloomberg Whitehouse correspondent Jeff Mason says it's the kind of
addressed presidents typically give at the start of a conflict.
He launched this war four and a half weeks ago,
essentially with a social media announcement, and yes, he has
spoken to reporters and in that way addressed the American
public over these weeks, but this was his first time
coming out and laying out the logic for going into
the war and laying out his next steps.
And Bloomberg This Weekend co host Christina Raffini says the
President may have been sending a warning to allies as
much as Iran.
All those GCC countries, all those golf allies. All the
Asian countries that depend heavily on oil coming through that strait,
some of them who thought they had very close ties
to the United States are going to be in trouble
if the US is not there to finish the job,
and that's going to fall to some sort of coalition
of other nations.
And you can catch Bloomberg this weekend every Saturday and
Sunday at seven am Eastern on Bloomberg Radio and Television
and the Bloomberg Business app.
And as the war enters at second month, Alexis, reports
from Iranian state media and residents indicate continuing attacks on
civilian infrastructure, including homes, factories, and electric facilities. Iran's Red
Crescent Society, which is part of the International Humanitarian Network,
says US Israeli airstrikes have damaged or destroyed more than
ninety thousand homes, about half of them in Tehran.
US allies are meeting to prepare a diplomatic outreach to Iran,
which is starting to operate the Strait of Hormuz like
a toll booth. A Bloomberg investigation reveals how Iran friendly
tankers are being given secret codes and charged around a
dollar a barrel of oil for safe passage. Reopening the
Strait has become a key priority for governments around the world.
With UK Prime Minister Starmer pushing for talks.
We're exploring each and every diplomatic avenue that is available
to us. The UK has now brought together thirty five
nations around our statement of intent to push as one
for maritime security across the Goal.
The British leader has been a frequent target of the
White House for refusing to join its war. Those talk
Stormer references are happening later today in London and the
US is not expected to attend.
And oil likesis is surging following President Trump's speech. Checking
prices right now, Brent, the international benchmark is up more
than seven and a half percent, trading just shy of
one hundred and nine dollars per barrel West Texas Intermediate.
It's not too far behind above one oh seven. We
spoke with Willem Sells, Global Chief Investment Officer at HSBC
Private Bank.
So everything remains about oil and energy prices and gas prices,
so that has an impact on the producers versus the consumers.
So a lot of Asian countries, you know, being heard
by that Europe on the performing versus the US, the
US dollars strengthening on the bank of that and so therefore,
you know, sort of that diversification that we saw over
the last number of months away from the US dollar
that be installed. That then has an impact on the
treasury market, and together with the US dollar being strong,
you know, obviously holds gold back. But I think the
cell ofving gold is probably done.
It's HSBC's will them sells around. State run Press TV
quoted Foreign Minister of Basarachi saying Iron and Omont will
decide the future of the.
Strait and gold declined after President Trump's speech offered little
clarity on a resolution to the war. Silver also fell sharply.
Spot goal tumbled as much as four point three percent,
breaking a four day winning streak.
And those declines continue this morning. Alexis will be keeping
an eye on that as well. Meantime, on Capitol Hill,
Republicans now say they have a plans and the longest
partial government shut down in US history and the deadlock
over immigration enforcement. Bloomberg's Amy Morris has more on the
plan for the Department of Homeland Security.
Senate majority leader John Thune and House Speaker Mike Johnson
say they'll split the agency's funding, some money coming through
the bipartisan appropriations process and immigration enforcement funding coming from
the partisan budget reconciliation process. Senate Budget Chairman Lindsay Graham
says Republicans will work on budget reconciliation to fully fund
ice and border patrol by June first. The chambers are
on recess for two weeks, but both have pro forma
sessions in which the bills can be passed by unanimous consent.
A person familiar with the Senate's plans says the Chamber
may try to pass the bill then in Washington. Amy
Morris Bloomberg Radio, all.
Right, Amy, thank you.
Turning to markets Now, Wall Street's looking forward to Friday
morning's jobs report. Here's a preview from Bloomberg's Charlie Pellett.
It's expected to show payrolls rebounded in March after a
sharp drop a month earlier. Eric Rosengrun is a former
president of the Federal Reserve Bank of Boston. He told
us he's expecting.
A reasonably good employment report with a snapback and payroll
employment and probably no change in unemployment, so that lays
pretty good groundwork for the FED to basically stay on hold.
According to Bloomberg Data, the economy is seen adding sixty
five thousand new jobs, with the unemployment rate holding at
four point four percent in New York. Charlie Pellett, Bloomberg Radio.
Okay, Charlie, thank you, and stay with Bloomberg for special
coverage of that Job's report starting at seven am Wall
Street Time tomorrow on Bloomberg Radio, Bloomberg Television, and the
Bloomberg Business App.
Turning to the Skies now, Nathan and NASA has cleared
a major hurdle in its first return to the Moon
in over fifty years.
Three two one booster, ignition and lift off. The crew
of Artemis two now bound for the Moon, Humanity's next
great voyage begins.
The first phase of the Artemis mission was a success,
with the Orion spacecraft now in stable orbit after Wednesday's
highly anticipated launch from the Kennedy Space Center. The ten
day mission will test key systems as astronauts travel towards
the Moon and back, a precursor to planned NASA landings
later this decade. The program is central to US ambitions
to establish a permanent presence on the lunar surface. Time
now for a look at some of the other stories
making news in New York and around the world. For that,
we're joined by Bloomberg's John Tucker. Good morning, John, ad Alexis.
There's a report this morning, but President Trump is weighing
another major change in his cabinet. That story from Bloomberg's Monica.
Rix ABC News site sources saying President Trump has raised
the idea of removing Attorney General Pambo in talks with
Senior Aids. Bondi's already reshaped the department, aligning it closely
with Trump's agenda and breaking from long standing norms of independence. Still,
the report says Trump has expressed frustration that the Justice
Department isn't doing enough to target his political opponents for prosecution.
Potential replacements being considered include Lee Zelden and Deputy Attorney
General Todd Blanche Monica Rix Bloomberg Radio.
The Senate is expended to try and quickly passing a
measure today that would fund most of the Department of
Homeland Security. It's unclear how swiftly the House will follow.
Largely and the longest partial government shutdown in history, the
National Labor Relationsport his rule that Amazon illegally refused to
bargain with the union representing thousands of workers at a
New York City facility. The ruling comes on the four
year anniversary the groundbreaking union win at the Staten Island
warehouse known as JFK eight, and is believed to be
the most expensive single house sale in history. Nick can't
He has sold his family home at London's exclusive Chelsea
district to an unnamed buyer. The price tag three hundred
and fifty million dollars. The British entrepreneur's property located on
a two acre site that once accommodated the residents of
Britain's first Prime Minister. It's been landscape to emulate a
grand country estate. Global news twenty four hours a day
and whenever you want it with Bloomberg News Now, I'm
John Tucker, and this is Bloomberg Alexis.
Thanks John, time now for our Bloomberg Sports update, and
for that we bring in John stash Hour.
I started the season for the Yankees. They had a
sweep in San Francisco and then took two of three
in Seattle. Dominant starting pitching, especially for Max Fried and
Cam Schlittler, both made two starts on this road trip,
total twenty five innings on the mound, scoreless in the
twenty five strikeaff forty three points for Jalen Brown and
the Celtics win in Miami, forty one for Victor Webbin
Yama the Spurs. One at Golden State, Kansas's Hall of Fame.
Coach Bill Self not retiring, He'll return for twenty fourth season.
That's Bloomberg Sports Update.
Stay with us.
More from Bloomberg Daybreak coming up after.
This Coast to coast on Bloomberg Radio, nationwide on Serious
Exam and around the world on Bloomberg dot Com and
the Bloomberg Business Album. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. President Donald Trump took to
the podium at the White House last night to try
to assure Americans there is an off ramp to the
war with Iran. In a primetime address herd Live on
Bloomberg Radio, the President said, the next two to three
weeks will be key.
We are going to finish the job, and we're going
to finish it very fast. We're getting very close. I
want to thank our allies and the Middle East.
President Trump, in that rare primetime speech heard live on
Bloomberg Radio and joining us this morning is Bloomberg News
Deputy Washington Bureau Chief Laura Davis. And Laura, we are
seeing an anxious reaction in the markets to the president's address.
What is he suggesting now about how long this war
could last?
Good morning morning. He was a little bit nebulous about
exactly how long this could last. He said that he's
going to ramp up attacks in Iran over the next
two to three weeks, and then when that period is over,
he wants to see some sort of deal with Iran,
but if that does not come together, he will look
to target electricity plants within Iran, which would be a
major escalation of this war. So we heard a lot
of mixed messages from the President on whether he's seeking
a diplomatic route or a military route, sort of saying
he both were proceeding without any sense about, you know,
kind of what clear objectives are there, what he's looking
to see, while we're hearing more signs from Iran that
they are not the negotiating, They are not you know,
really kind of hitting back. In this open letter to
the American public from the Iranian president, who you know,
said that the US is taking a maximum disposition here
and essentially suggested that they don't trust the US Indian negotiations.
A lot of what you laid out there from the
President is sounding similar to much of what we've seen
from him on social media. Did we learn anything new
last night about the president's war strategy or the objectives?
This was, you know, what people were hoping to hear,
but didn't get a lot of it. The one key
thing that folks have really seized on is about the
Strait of Horror Moves. They were looking to see, is
there going to be any sort of plan about, what
you know, whether diplomatically or militarily, to open that up
to allow the flow of oil and gas through that
key waterway. Instead, he's completely passed the ball onto allies,
saying that they needed to gain the courage to go
in there and take the oil, and that it was
up to them to figure out exactly, you know, what
the path forward is. He also suggested that the Straight
of horm Moves would open up naturally on its own,
so again kind of fearing, you know, kind of mixed messages,
but with no clear action plan from the President today,
there's a meeting that led by Cure Starmer in the
UK with thirty five nations to talk about diplomatic options
to get the straight of horror moves open. But it's
clear that this is a process proceeding without.
The US, without the US and putting a lot of
question as well into the NATO alliance. We heard the
President ahead of this speech telling the UK Telegraph that
he was strongly considering leaving the alliance. Does NATO look
more vulnerable this morning after that speech last night?
There's certainly a lot of concern within NATO about you know,
what Trump's approach will be, you know, following the Iran war.
You know, Trump has basically used this as to say, look,
europeanal as, you were not there for us when I
ask for you, and so therefore I'm not, you know,
wanting to support this NATO alliance. I'll note that formerly
leaving NATO would require Congress, so it's unlikely that Trump
is going to be able to have the support at
home to be able to fully officially pull out of NATO. However,
he can do a lot to effectively new to NATO
make it very ineffective. You know, the big question here
is you know, what does Trump do in the event
of an Article five event? That's that mutual defense packed
You know that if you know, one attacks and the
one is attacked and the others come to its defense.
You know, that is the question of will Trump uphold
that and what does you know he do you know
in the event of a crisis or just to you know,
undercut or not those relationships on the world stage.
This is Bloomberg Daybreak, your morning podcast on the stories
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In Formed to stay informed all day long, I'm Alexis Christophorus.
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