Iran & Israel Trade Attacks, Security Increased at MSG Ahead of Trump Visit

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, we begin with a tense situation in the Middle East.
Israel and Iran have been exchanging missile attacks, despite calls
from President Trump on both sides to stop the fighting.
In a wide ranging interview with NBC's Meet the Press
heard Sundays on Bloomberg Radio, the President said he still
thinks a deal is possible.
We're very close. We have a couple of points. They
don't even seem like big points. They've conceded the fact
that they will not have nuclear weapons.
And in a separate interview at the Financial Times, President
Trump said Israeli Prime Minister Benjamin Netanyahu would have to
accept any US deal with Iran, saying, quote, I call
the shots. We get more from Bloomberg sabirabu Omar in Dubai.
The ceasefire, the true stocks have been in a fragile
state since the initial ceasefire was reached on April eighth,
But what we've seen over the past couple of days
really complicates things. Right, So what we've seen over on Sunday,
is Hesbelah in Lebanon and Israel trading fires. Israel had
retaliated to an attack by Hasbullah on the northern part
of Israel to attacking the southern suburbs of Beirut, killing
people and injuring others, and.
Now Bloomberg's of Birab Bomar reports Israeli Army radio saying
Iran has fired about thirty missiles at Israel since last night.
An Iranian official says the US is responsible for the
consequences of any escalation in the Middle East, and.
Nathan there's a new risk of escalation in the Strait
of Horror moves. The Iran backed Huthis and Yemen have
declared a ban on Israeli ships in the Red Sea,
threatening a key bypass route to the waterway that handles
about a fifth.
Of global oil flows.
The Huthis previously began attacking ships in twenty twenty three
after the outbreak of war between Israel and Hamas and Gaza.
They largely sent out the war in Iran, but have
repeatedly warned they could close the Bob al Mandeb straight
that leads from the Red Sea to the Indian ocean.
Well, let's turn out to politics, Karen, there is a
new turn in the race for mayor of Los Angeles.
Bloomberg's John Tucker joins us with the latest John.
And Nathan is More mailion ballots are counted. Democratic Los
Angeles council member Nthea Ramin has surge pass Republican reality
TV personality Spencer Pratt. Ramen, who initially trailed Pratt by
eight percentage points, closed the gap as the mail and
ballots were counted over the weekend. And that's a protracted
process in California that can drag on for weeks. Robin
had twenty seven point one percent of the votes counted
so far, Prant twenty six point seven percent. Both are
vying to compete in a November third runoff against Mayor
Karen Bass, who has thirty four point seven percent of
the vote. The forty four year old Ramen has favored,
among other things, cutting spending on police. Her leftist politics
prompted comparisons with Zornbumdani, a Pellow Democratic socialist who swept
to victory as New York's I'm John Tucker Bloomberg Radio Right.
John, Thank you well. California is vote count led to
a testy exchange in an abrupt end to President Trump's
interview on NBC's Meet the Press. Host Kristin Welker first
asked about the so called Anti Weaponization Fond of the
Justice Department. The President called it a great idea and
said he'd been interested in reviving it.
People have been badly heard. They've committed suicide, they've lost
their jobs, they've lost their families, they've lost their wives,
they've lost everything. They've lost everything over a fake weaponization
of government.
But the conversation took a turn when Welker challenged the
President on his claims that the slow vote County, California
proves the election was rigged.
Do you think it's appropriate that they have an election
and five days later they're nowhere close to pick it a.
Local officials acknowledge they are slow.
They're urging.
They're crooked.
There urging the votes to.
Be counted quickly.
That's how they very crooked, just like your crooked, Your
press's crooked, and Meet the President's crooked.
President Trump then walked out of the interview, calling ABC, CBS,
CNN and NBC one sided networks.
Well tonight, Karen, President Trump's going to be in New
York City for Game three of the NBA Finals, and
the extra security means major changes for Knicks fans watching
the game inside and outside Madison Square Garden. Bloomberg's John
stash Hour joins us with more on that.
John, Yeah, Nathan, the watch party outside MSG was scrapped.
The NYPD said the decision was made in conjunction with
the Secret Service, and there is extra security tonight with
the President in attendance. Nixts haven't played at the Garden
in two and a half weeks since May twenty first
two wins in Cleveland, of course, two thrillion wins in
San Antonio, and that's why Karl Anthony Towns the NIXT
bring a two to nothing Finals leads to tonight's Game three.
It's always great when you get to play the game
of basketball at his highest level. So to be able
to lace the shoes up, be able to put the
jersey on, and be able to see our fans see
finals basketball after all, this time is going to be
really really special.
Tickets said to be going about ten thousand dollars up high,
and it's close to one hundred grand down loan. More
on Game three coming up in sports, John stash Aware,
Bloomberg Radio.
All right, sounds good, thanks John, Speaking of security concerns.
Less than a day before thousands of fans are expected
to descend on neighboring Madison Square Garden, six people were
injured in a stabbing inside New York's Penn Station. A
suspect was taken into custody after the attack. Paramedics found
one victim with serious injuries, two with moderate injuries, and
two with minor injuries. Authorities did not immediately release details
about what led to the stabbing or whether the victims
were targeted. The sprawling rail complex beneath Madison Square Garden
serves Amtrak, Long Island Railroad, NJ Transit, and New York
City subway lines, and is used by hundreds of thousands
of commuters and travelers each day.
Let's turn to markets now.
Karen Friday's Wall Street Tech led cell office spreading overseas.
South Korean stocks plunged as investors pulled back from artificial
intelligence bets. The COSTPI index tumbled as much as eight
point eight percent, triggering a twenty minute trail eating halt
shortly after the market opened. Timothy mo is chief APAC
Regional equity strategistic Goldman Sachs.
I think in the longer run this will prove to
be a technical correction. I'll be it a scary one
in a longer term bo market. And the underlining fundamentals
are still very very.
Strong, Goldman Sachs, Chief APAC Regional equity strategist, Timothy Moe. There,
the COSPY winded up, closing down eight point three percent,
and Japan's nie K fell three point nine percent.
Well, here in the US, Nathan tech stocks are bouncing
back a bit from last week's some massive selloff NASDAK futures.
They're up half percent, the Nasdaq one hundred saying four
point eight percent. On Friday, this year's big winners chip
stocks plunged ten percent. In Vidia CEO Jensen Wong caused
the global tech stock sell off a buying opportunity.
Everybody should be very excited they can now buy stock
at a cheaper price. And it's absolutely true that the
future of AI is very bright. It is completely it
is a foregone conclusion that AI will be infrastructure.
For the world. And Nvidia CEO Jensen Wong made the
comments to reporters in Seoul, South Korea, and this morning,
Morgan Stanley strategist Mike Wilson called the US doc sell
off a healthy reset. He is a baseline target of
eight thousand for the S and P five hard, which
is about eight percent higher from current levels.
Well the betting on Wall Street after Friday's jobs report,
Karen is for an interest rate hike this year, but
President Trump says that the FED would be wrong to
do that. He talked about the FED and new chairman
Kevin Warsh on NBC's Meat the Press.
Kevin's fantastic, and I want him to do whatever he wants.
I don't want to have a big influence on him.
But we had a great report. We're doing great, and
it's unfair that whenever you do great, they want to
raise interest rates. It should be the opposite.
President Trump's comments add to the economic and political forces
tugging at Kevin Warsh as he prepares to chair his
first policy meeting next week.
In company news, Nathan Apple's Worldwide Developers Conference cakes off
today in Coopertino, California. The focus will be on Apple's
artificial intelligence strategy. The event comes two years after its
first AID rullout was plagued by subpar technology and delayed features.
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.
The search continues for the shooters that injured twelve people
over the weekend at the Old West End festival in Toledo, Ohio.
Authorities believe there were at least two shooters involved, and
they had probably been firing at one another during the incident.
Toledo Police Lieutenant Dan Gerkin is asking attendees and eyewitnesses
to look through their phones and photos to see if
there's something that could help investigators identify the shooters.
Talk to your kids.
There's kids out there that probably know more than all
of us stand in here, right so they can help
us out.
Lieutenant Gerkins says. The ages of the victims range in
age from fourteen to sixty one, with most in their
early twenties. European leaders called on Russian President Vladimir Putin
to agree to an immediate and complete ceasefire that allows
talks to begin on a lasting peace deal. Britain Germany
and France made the intervention after a meeting with Ukrainian
President Voladimir Zelensky at ten Downing Street in London, hosted
by UK Prime Minister kir Starmer. Zelensky also told Sky
News about the public letter he's sent to Putin asking
for a face to face meeting to open up negotiations
to end the war.
He said he said many several times publicly that he's
ready to speak and he wants to stop this war,
and he said about it publicly, but he doesn't feel
that the readiness of Kiev.
Last week and rejected a cease fire proposal by Ukraine.
Police and Philadelphia are looking for the thieves who stole
nearly half a million dollars worth of bourbon from a warehouse.
The Noble Oak bourbon was being stored there and was
supposed to be shipped to a location in northern New Jersey.
A twenty one Wine and Spirit COO Rob Coke says
some thieves stepped in and calmed their way into taking
the bourbon.
Unfortunately, rather than going through the regular security protocols, the
warehouse did not have all of the things they needed
to actually release that product.
A twenty one Wine and Spirit coo Rob Coke says
the thieves didn't even really know what was in the shipment.
Global news twenty four hours a day and whenever you
want it with Bloomberg News Now Michael Bark and this
is Bloomberg Hermy.
Thanks Michael all the time. Now for our Bloomberg Sports Update,
and for that we bring in John stash.
Hour Franks bearing the Honest tickets in New York. It's
getting through the NBA Finals tonight, but the next hosting
the Spurs in New York leading the series two nothing.
Stacy King, who won three NBA championships with the Chicago
Bulls End, was a very popular color man. With BULLSDV
passed away. It was only fifty nine. Alex Saverevit twenty
nine won his first Grand Slam tennis title. It took
five cents, but he beat Flavio Koboli at the French Open. JT.
Poston won the Memorial Gulf in Ohio. Nelly Cord of
the US Women's Open in LA. That's a Bloomberg Sports Update.
Stay with us.
More from Bloomberg Day Break 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 Hager.
The US Israeli war where Iran has now crossed the
one hundred day mark and the prospects for an end
to the conflict are facing their toughest tests yet with
Israel retaligating against Iranian strikes. But President Trump says there
is still a chance for diplomacy.
We're very close to having a deal, and if we
don't have a deal, we'll do it one way or
the other. Either way we win.
That was President Trump in an interview on NBC's Meet
the Press heard Sundays on Bloomberg Radio. Joining us from Dubai.
This morning is Bloomberg Middle East. Corresponded to Birabu Omar,
and we should clarify Abir that that interview was taped
before the latest attacks. Can you catch us up on
what's been happening over the last twenty four hours?
Good morning, Yeah, Good morning, Nathan. So look, I mean
you just said it. This is the one hundredth day
mark for the war in the Middle East, and this
treasure seems to be regressing quite rapidly this morning. So
this started yesterday the escalation in the hostilities with Israel
hitting Hesbela targets or as they call them, terrorist targets
in Lebanon Hesbula, retaliating by hitting northern parts of Israel,
and then Israel hits back to the capitol Beirut the
southern suburbs of the capitol Beirut, killing two people and
drinks several others. And then this morning, after a phone
call between President Trump and Prime Minister Bench and Natanyahu,
where President Trump told him to not retaliate against Lebanon
or Iran. Only a few hours after that into the
morning in the Middle East, we're seeing reports of attacks
in Iran. Those include some western cities in Tehran including
Esfahan and Karaj and Tabreeze, and then a hit against
a petrochemical plant in Iran as well, where officials had
to evacuate personnel. Iran also hitting northern parts of Israel
this morning. So the situation seems to be escalating quite
fast this morning, with really no end in sight at
the moment. President Trump did say before this all unraveled
that a deal is still imminent, that this is the
interim Deal or what we've been calling the interim deal,
which is the MoU that would lead to the opening
of the Strait of her Moods and then an extension
of the ceasefire for sixty days. But with all the
hostilities that we've been seeing since the previous week, we're
also so Kuwait in the GCC saw its main airport
getting hit and suffering some significant infrastructure. One really questions
how sustainable the ceasefire is, and the answer to that is, well,
it's been pretty fragile over the past two months to
begin with, but the escalations this morning bring into question
some further complications that President Trump's going to have to
look at once the US.
Is more awake. Well, we have seen signs of escalation
in the past.
We've seen the Iran lob rockets at Kuwait and Bahrain
in the past as well.
What makes this latest escalation different a beer.
Well, first starters the fact that this is a direct
hit at Iran. Right, So, in the past or over
the past week, what's happened is those hostilities against GCC
countries have been sort of in the background. They haven't
happened as significantly as they have last week beginning of
last week. But the conflict or the hostilities in Lebanon,
for example, have been going on even since the April
eighth ceasefire agreement was reached. This is the first such
attack that you're seeing on Iran itself and not its
allies in the region. And then even post those attacks
that happened last week, President Trump did come out and
say multiple times as a matter of fact, that they
don't impact that those attacks, while they're not favorable, and
he did say to Iran that you shot your missiles,
that's enough. That's a direct quote from the president. He
did say that those don't impact the wider ceasefire agreement.
He said that representatives of Hezbolah, the militia in Lebanon
that's getting attacked that is backed by Iran. He said
that he got calls from representatives that had agreed to
the ceasefire, while the public line from Hesbelo was that
they rejected the ceasefire that we spoke about that was
agreed between Lebanese officials and Israeli officials in Washington. But
this timer one has to really look at how serious
those escalations are.
This is Bloomberg Daybreak, Your Morning podcast on the stories
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