Iran Vows Revenge; Trump Says War May End Soon

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm Karen Moscow and I'm John Tucker.
Here are these stories we're following today.
Well, John, the fighting continues as the war enters day nineteen,
US and Israel are continuing their attacks on Iran. Well,
Iran is striking back on Israel, on Arab States and
the Persian Gulf. This comes as President Trump abandons his
efforts to recruit partners for the war. The President's school,
that is, NATO allies for their lack of military support
to reopen the Strait of Hormuz.
So I think NATO's making a very foolish mistake. And
I've long said that, you know, I wonder whether or
not NATO would ever be there for us. So this
is a this was a great test because we don't
need them, but they should have been there. The other
thing is, and I think, you know, very important, we
didn't have to be there for Ukraine.
And most countries showed little willingness to join the mission,
which military analysts say would be risky without a ceasefire.
Stuart Livingstone Wallace head to Bloomberg's Middle East coverage.
I mean, I think he's pulled back because he asked
and no one answered, you know best, you sort of
got non commissional responses and worse, he got flat refusals.
And I think, you know, part of that is twofold
number one, the people that he's called on to come help,
and largely from institutions like NASO that he's sort of
been quite disparaging about late, or it's been internationalized that
he's impost huge tariffs.
On and Bloomberg Stewart Livingstone Wallace says more than four
thousand people have died in.
The war and Israel has killed Ali Laura Johnny, RAN's
top security official, leaving the Islamic Regimes leadership increasingly filled
with hardliners. Laura Johnny was seen by foreign diplomats as
somebody who could be a conduit for talks in a
news conferences or It's Prime Minister Venua Manetyaho announced the
killing this morning.
We eliminated Ali Lara Johanni. He was the boss of
the Revolutionary Guards, which is the gang of gangsters that
runs around. We also eliminated the commander of the Besiege.
These are the gangster's assistants. He spread terror on the
streets against the.
Population Israel's Prime Minister nt Yaho, speaking through an interpreter.
Iran's military bound to avenge the killing of Lara Johnny Well.
John AT's top US counter terrorism official has resigned. Joe
Kent says he cannot in good conscience back the Trump
Administration's war. Ken said, I round post no imminent threat,
and he said the US started the war because of
pressure from Israel. And President Trump spoke about the resignation.
And I always thought he was a nice guy, but
I always thought he was weak on security, very weak
on security. I didn't know him well, but I thought
it seemed like a pretty nice guy. But when I
read a statement, I realized that it's a good thing
that he's out, because he said that Iran was not
a threat. Iran was a threat every country.
And thirteen months ago President trom praised Kent, former Green
Beret who was deployed in Iraq. He nominated him to
join the administration and.
Oil dropping this morning right now, Brent is down thirty
one cents at one oh three ten barrel. Iraq signed
a deal to resume exports through Turkey that avoid the
strait of hormones. Let's get more from Bloomberg Middle East
Energy reporter Anthony de Pollo.
In this situation, any additional supply is going to be helpful,
and so that will be added oil coming out of
the north of Iraq from some of its northern fields
as well as from the Kurdish region there. You know,
that's not going to be enough to redress the loss
of oil that we've seen because of the Strait of
Hormuz is closed.
And Bloomberg's Anthony de Paulo says Brent Crewd has rallied
almost seventy percent this year, with the bulk of that
search following the initial US and Israeli attack against late
last month.
Well John, on the backdrop of the war in the
Middle East, Federal Reserve officials make a policy decision today,
and we can a preview with the Bloomberg's Michael McKee.
What once was seen as a key FED meeting has
now been eclipsed by the Trump war on Iran. A
divided FED would have considered whether weak employment could justify
another rate cut. Instead, uncertainty about the impact of higher
oil and materials prices because of the war will certainly
keep the Central Bank sidelined. The real news will be
if the uncertainty leads to the FED dropping the possibility
of any rate cuts this year in their latest dot plot,
and whether FED Chair j Powell puts the emphasis on
unemployment or inflation in his post meeting news conference or
just says it's too uncertain to even guess. Michael McKee,
Bloomberg Radio.
All right, thanks, Mike. Let's turn to politics here in
the States and the primary elections in the state of Illinois.
The Lieutenant Governor Julianna Stratton is one Yesterday's Democratic primary
to run for Senator Dick Durbin's seat, following a heated
race with other members of her party, congress members Raja
Christna Moorthy and Robin Kelly.
Courage inspired me to run, Courage powered this campaign, and courage.
Will bring this fight straight to Donald Trump's dorm.
And With more than eighty percent of the balance count at,
Stratton received forty percent, while Christna Worthy took thirty three percent.
Kelly trailed with eighteen percent. Stratton advances to a November
general election against the Republican nominee Don Tracy, the former
state party chair. Durbin is retiring after forty years in Congress.
Twenty nine of them in the US.
Senate, well elsewhere in the stage on Jesse Jackson, junior,
son of the late civil rights leader, fell short in
his campaign to get re elected to Congress and a
race marked by heavy spending by both artificial intelligence and
pro Israel interest groups, but nearly seventy per cent of
the ballots counted in Illinois second Congressional District, Cook County
Commissioner Donna Miller had forty one percent of the vote
compared to twenty eight percent for Jackson.
And you know the news this morning, Karen oak Tree
Capital Management co founder Howard Marx's artificial intelligence is making
the world more unpredictable than ever before. I served right
here on Bloomberg Radio. Mark spoke with our at Lisa
Abramowitz at the Capital Markets Industry Conference in New York.
Well, I think most people are under estimating the impact
of AI. Roughly eighteen days ago, on a Friday, that
company called Block, which had ten thousand employees, announced that
four thousand them were out. Forty percent of the workforce
gone in one day because AI could do the work
cheaper and faster.
You can catch the full interview with oak Tree Capital
Management co founder Howard Marx at our new video experience
and the Bloomberg Business.
App and a programming note. Markets make loose on Friday,
but the world it doesn't, and that's why we are
bringing you a new live radio and TV s show.
Bloomberg This Weekend is looking beyond the daily headlines for
the bigger themes driving politics, business and culture. Joined David Gera,
Christina Raffini, and Lisa Matteo for smart conversations and in
depth interviews that help make sense of the week that's
been and what comes next. Get Bloomberg This Weekend live
Saturdays and Sundays from seven am Eastern on Bloomberg Radio,
TV and the Bloomberg Business Appry.
Thanks Karen, and that brings us to five the Way.
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 Michael Barr Michael, Good.
Morning, Good Morning John. Debate is underway on the Senate
floor on the Save America Act. The bill, a top
priority for President Trump, would require Americans to prove that
they are US citizens before they register to vote and
to show identification at the polls. Among other things. It's
something Republican Senator John Barrasso of Wyoming supports all.
These other things.
Photo ideas protect against voter fraud, and they prove illegal
immigrants from voting.
But Democrats say it will make it more difficult for
millions of Americans to vote. Senate Minority Leader Chuck Schumer
of New York says Democrats would not allow the bill
to pass the chamber. The Save Act is not about
voter identification, it's about voter suppression. This debate could last
at least a week. Changes are coming to airports large
and small amid the shortage of TSA workers. At Philadelphia Airport,
more terminals are being forced to close starting today. As
the partial government shut down drags on, several more security
checkpoints will be off limits temporarily. Jane Tidwell of the
Triple A.
It is frustrating, but get there early. We always stay
two hours before domestic flight, three hours before an international flight.
Now it's even more than that.
Antoinette Wade has been a TSA agent for eighteen years.
She says her husband is also an agent, so neither
of them are bringing home a paycheck right now.
It's just unreasonable to expect anybody to continue to go
to work for such long periods of time without receiving
any pay.
Other agents have taken on second jobs, some have called
out sick to work, and some have even quit. New
York City's congestion pricing toll is helping to boose subway ridership,
with more drivers taking the subways for work and discretionary travel.
That's according to the Transit Writers Group the Permanent Citizens'
Advisory Committee. The report for the MTA says ridership on
the subway system and reached one point twenty eight billion
last year. That's a seven point seven percent increase from
a year earlier. Global News twenty four hours a day
and whenever you want it with Bloomberg News Now. Michael
Barn this is Bloomberg.
Thanks Michael.
Time now for our Bloomberg Scores update, and for that
we bring in Dan Schwartzman.
Venezuela's fum the US three to two to win the
World Baseball Classic as Eugenio Suarez doubled off of Garrett
will Lock in the top of the ninth inning to
break a two wall tie and Water Rodriguez held. The
US had just one hit over four in the third innings.
March Mann is officially getting underway last night with the
first two first four matchups, as Howard got by UNBC
eighty six to eighty three, while Texas slip past NC
State sixty eight to sixty six. Tonight, Prairie View A
and M takes on Lehigh while SMU faces Miami of Ohio.
The WNBA and its players union have reached a verbal
agreement on the terms of a new collective bargaining agreement,
pending approval from the league's Board of Governors and players.
The deal is expected to greatly increase salaries with the
chance of legal see its first million dollar per year players.
That's your 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.
Hey, good morning. I'm Karen Moscow alongside John Tucker. It
is now day nineteen of the War with Ern. T
Ihran is lashing out following the killing of one of
its top leaders, launching a fresh waves of missile and
drown attacks on Israel and Arab states in the Persian Gulf.
And this is President Trump says the US could end
the war with the Islamic Republic in the near future.
We want to get the very latest. We're bringing in
Patrick Sikes, Bloomberg's Middle East Breaking News editor. Patrick, good morning,
Thanks for being here. Why don't you start out by
bringing us up to date on this latest round of
attacks from Iran.
Yeah, we've just in the past few hours seen attacks
made or intercepted in Israel, the UAE, Saudi and q
eights And as you mentioned, the main development overnight was
the killing confirmation of the killing of Ali Lardie Johnny.
This was the top security official in Iran, the head
of the National Security Council. He was really important because
he was seen as a key figure that could balance
all parts of the Islamic Republic. You know from the
the so called principle is on the more extreme end
of the spectrum to those more pragmatic and who might
be more willing to speak to the US to de escalate.
So his removal from the scene in that Israeli attack,
I think it makes the chance of a Venezuela type
scenario even less likely.
Basically, yeah, it does. So what happens to the exit
strategy then, is the President being optimistic and saying, hey,
this could end soon. Yeah.
It feels that both sides are rhetorically at least trying
to lay the ground for a climb down, for an
off ramp. From Trump, we have statements like that that
the war's already won, that it was over in the
first twenty four hours. From Iran, we had an interesting
line the other day from the Foreign Minister staying that
he thinks that the US has learnt its lesson. That's
really important for Tehran because they basically want to make sure,
however this war ends, it's not in such a way
that it's going to be repeated in another six months,
because they've now had two rounds of talks that have
twice been torn up by the emergency of hostilities, first
in June and now in February. So, I mean, both
sides still definitely in the fight, but we do see
signs rhetorically at least of a search for an off ram.
Interestingly enough, we heard from an official at the UAE
saying that Iran is really miscalculating by firing upon Arab
states in the Gulf, and it's only going to drive
them closer to Israel and the US. Are we starting
to see more of a shift in dynamics, then.
I think that makes sense. Right for those GCC countries
in the Gulf, they had tried very hard to mend
ties with Iran, which had been very frosty in the
recent past, and that had paid dividends. You know, Israel
had emerged as had emerged as the bigger threat in
the eyes of many in the region, while Iran had
been weakened comparatively with these attacks on their energy infrastructure,
on civilian infrastructure, with the damage to that reputation of
safety that they've worked a long time to build and preserve.
All of that is at risk and it's definitely going
to make for a completely different dynamic. You know, however,
the war ends, because these countries are going to have
to remain neighbours with theyre on, but they'll want it
to end in such a way that they likewise don't
see this repeated in the next six months.
And of course there is the future of the Strait
of Hor moves with about thirty seconds so Speaker of
Arounz Parliament saying the Strait's not going to return to
its pre war status. So what's that going to mean
for the future.
Yeah, And interestingly linked to that, the Foreign ministers just
earlier today is said that he was calling for new
arrangements to govern transit after the war. So there's this
sense emerging from the Iranian side that even if there's
peace tomorrow, even if there's peace in a week, two weeks,
it's not going to be business as usual in terms
of transit was governed until the war. That it sounds
like Eran is still going to want to exert some
kind of control of which ships can come, when they
can come, and the pace of which they could come.
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android auto interfaces.
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast
platform to stay informed all day long.
I'm Karen Moss, I'm John Tucker. Join us again tomorrow
morning for all the news you need to start your
day right here on Bloomberg day Break