US-Iran Exchange Strikes; Platner Wins Maine Primary

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 new developments in the Middle East.
US forces have carried out fresh strikes on Iran, targeting
air defense and surveillance sites near the Strait of Horror Moves.
The military is describing the attacks as proportional. They came
hours after President Trump blamed Tehran for shooting down an
American military helicopter. ABC Chief Washington correspondent Jonathan Carl was
on the phone with President Trump when the strikes were announced.
The President made it clear to me that these US
strikes on Iran are specifically in response to Iran's downing
of that Apache helicopter. He brought up the peace deal
that he is trying to negotiate with the Iranians. It
seemed clear to me that even as he was ordering
US attacks on Iran, he still believes he can get
a peace deal with the Iranians.
And ABC's Jonathan carlsa's President Trump told him he does
not see the strikes as the start of a major
new offensive. Bloomberg Middle East corresponded to Birabu Omar says
Iran has retaliated now.
The Iranian response came in the shape of attacks against
some GCC countries that includes the US Fifth Fleet and Bahan,
but also some US bases in Kuwait and in Jordan
as well. A US base was attacked there. The IRGC
came out and said that any attack will be responded to.
President Trump maintains that discussions to reach the ceasefire truce
are still underway and that Pakistan is still very much
mediating those truce discussions.
Bloomberg's a birabo Olmar says iron has not acknowledged shooting
down the US helicopter.
Well, let's turn to politics at home. Nathan primary election
results are in for four states across the country. Much
of the nation's focus was on the Democratic Senate race
in Maine, where with eighty percent of ballots counted, progressive
military veteran Graham plat is the winner with seventy two
percent of the vote. Governor Janet Mills suspended her campaign
in April due to lackluster fundraising, but she still picked
up nineteen and a half percent. Last night, Platner's campaign
was played by a series of scandals and accusations of
past misbehavior, and he alluded to it in his victory
speech last night.
Every day I wake up and I try to be
a little bit better and a little bit kinder than
I was the day before. And if you give me
the chance, I will be a Senator for the people
who cannot afford to buy a senator.
Gram Plattner will now go on to face Republicans sue
the Susan Collins. In November, she ran uncontested in her
bid for a sixth Senate term, Karen.
It was also a busy election night in South Carolina,
where the Republican governor's race is headed for a runoff.
Lieutenant Governor Pamela Vett had President Trump's endorsement in the
five way field with ninety nine percent of votes counted.
Evett came in first with twenty eight point nine percent.
State Attorney General Alan Wilson is second with twenty six
point two per They'll face each.
Other again in two weeks.
Congressman Nancy Mace came in last place with twelve point
one percent after President Trump snubbed her with his endorsement,
but May says she has no regrets I'm voted to
release the EPC files and lost some support for that.
As a survivor, I chose to.
Stand on principle and stand against the EPSTEIN cover up.
Along with Nancy May's fellow congress member Ralph Norman failed
to make the cut. He was a strong supporter of
President Trump's first term, but endorsed NICKI Haley in the
twenty twenty four campaign.
In another key South Carolina race, Nathan Republican Senator Lindsey Graham,
avoids a runoff. He defeated conservative businessman Mark Lynch fifty
six point eight to twenty eight point nine percent. After
winning President Trump's early endorsement, grand Will faced Annie Andrews
in November. She won the Democratic primary with sixty one
and a half percent of the vote. Andrews ran unsuccessfully
against Nancy Mace for Congress in twenty twenty two, and
longtime Democratic Congressman Jim clyber and clinched his party's nomination
for an eighteenth term with more than ninety percent of
the vote. After Republicans draw plans for a mid decade redistricting.
There were some other key races last night.
In Nevada, Karen and the governor's contest, State Attorney General
Aaron Ford ran away with the Democratic nomination with nearly
sixty four percent of the vote. Ford will face Republican
incumbent Joe Lombardo in an election that's become a referendum
between President Trump's no tax on tips policy and a
slumping tourist economy. In Las Vegas and Reno, Lombardo won
his primary with almost ninety one percent of the vote.
And in Nevada's second congressional District Nathan the Republican race
is still too close to call with eighty three percent
of votes counted. Trump backed military veteran David Flippo leads
former state Senator James Settlemeyer forty five point seven to
thirty five point three percent. Retiring Congressman Mark M. Day
Endure Settlemeyer to replace him.
And finally, in North Dakota, Karen Julie Fetterchak won the
Republican primary for her state's only House district with seventy
three percent of the vote. Federchack will face Democrat Trigg
va Hammer in November.
He ran uncontested.
Wenagan billionaire Bill Gates, who is set to appear behind
closed doors before the House panel investigating Jeffrey Epstein, and
now we're learning that Gates, who's getting help from the
former council for the committee and Bloomberg's Amy Moore supports
from Washington.
The co founder of Microsoft, has reportedly been getting some
help from Jake Greenberg, who The New York Times says
was spearheading the Oversight Panel's Epstein inquiry until December. The
Gates Foundation, which has launched an external review of gates
ties with Epstein, told The Financial Times that it regretted
having any employees interact with Epstein in any way. Gates
has not been charged with anything. He has called his
relationship with Epstein a huge mistake and has denied any
wrongdoing in Washington. Amy Moore as Bloomberg Radio. Okaymie, thank you.
Let's turn to markets now. Futures are adding to yesterday's
declines on Wall Street. At one point, the tech heavy
Nasdaq one hundred index was down more than four percent.
It paired those losses to close down one point one
percent this morning. The tech retreat is spreading to Asia.
South Korea's COSTPI index slid four and a half percent.
We're just one day away from the highly anticipated IPO
of SpaceX. Bloomberg. John Tucker joins us with the very
latest John, good morning, Good morning Karen.
Demand for what's expected to be the largest ever IPO
is blasting off way over subscribed. It's around two hundred
and fifty billion dollars. That's more than three times the
seventy five billion, but SpaceX is trying to raise. Multiple
institutional investors place orders for about ten billion dollars or
more of shares each banks leading the IPO. They're expected
to stop taking orders from institutional investors after the market
closes today. Now, mom and pop investors can still submit
orders for SpaceX shares on some platforms beyond tonight's deadline.
The company allocating as much as thirty percent of the
offering to retail. SpaceX's IPO center price tomorrow. It'll trade
on Friday in New York. I'm John Tucker, Bloomberg Radio.
John. Thanks, Paramount Skuydances.
One hundred and ten billion dollar takeover of Warner Brothers
Discovery is now in a review in the European Union
regulators there approbing the involvement of Middle Eastern funds in
the takeover. Scrutiny from the EU is one of the
last hurdles Paramount has to overcome after outmaneuvering rival suitor
Netflix with multiple bids for warners over more than five months.
Well, Nathan, if it turns out you're not excited for
this week's World Cup, You're not alone. In a recent survey,
more than half of US adults said they are unlikely
to watch any of the games on TV. Only thirteen
percent said they were absolutely certain to watch. According to
a Morning Console poll conducted by Bloomberg, views on the tournament,
varied by age gen Z, whose oldest members are in
their late twenties, show the most enthusiasm. Baby boomers, now
in their sixties and seventies, displayed the least excitement. Three
quarters of them say they are not soccer fans, in
about half have never heard of star Lanel Messi. The
World Cup, which is co hosted by the US, Mexico,
and Canada, kicks off tomorrow. 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.
Game four of the NBA Finals is tonight there will
be a watch party outside Madison Square Garden, but NYPD
officials will compy Monday night security perimeter and you'll need
a ticket. Meanwhile, MSG and the Knicks aren't happy with
police and the mayor, calling Commissioner Tish and Zora Memdani
party poopers. More on the game with John stash Hour
in a moment. Meanwhile, a Nick's watch party Monday night
at Brian Park turned violent. The NYPD arrested more than
twenty people. Residents in California face potential power outages later
this week as wins will increase wildfire risks. Bloomberg's Craig Allen.
The heat is beginning to intensify and expand across more
of the US, and this heat, the dry air, the
strong winds will be a major hazard in the planes, Rockies,
and especially in northern California. Red flag warnings cover these
regions and we're keeping a very close eye on the
potential danger in the Sacramento Valley about twenty to thirty
miles either side of I five. Heat advisories now have
also been posted in many counties could lose power intentionally
as PG and E shuts it down to prevent fires
from overloaded transformers or winds knocking down the lines. Any
spark or flames would spread very, very rapidly. The threat
for this may continue right through the rest of the week.
Bloomberg's Greig Allen. It is the first new ultraviolet filter
for sunscreens in more than twenty years. The FDA announced
it is adding an ingredient to its list of what
is permitted. Doctor Darien Sutton.
It's been engineered in a way where it can sit
on top of the skin.
It doesn't deeply penetrate, but it still does that job.
Of preventing those UV rays from causing damage.
Doctor Sutton spoke to ABC. Kim Johan Nun called ties
with China top priority. During Chinese President Chiajingping's visit to Pyongyang,
the two leaders vowed to expand cooperation in trade and tourism.
Pope Leo delivered a message of hope and unity to
about forty thousand people at the Olympic Stadium in Barcelona Tuesday.
I'm there you entering Nosaltres.
Today the pativ will celebrate Mass at the Fame Segratta.
Familia Global News twenty four hours a day and whenever
you want it with the Bloomberg News. Now now Michael Barr,
and this is Bloomberg Hearing.
Well, Thanks Michael.
Time now for our Bloomberg Sports update, and for that
we bring in John stash Hour.
Thanksgaring game for the Stanley Cup. Finally, in Las Vegas,
Carolina Hurricanes scored a goal of minute six in. They
led two nothing and three to one in the first period.
Vegas tied the game in the second, three to three
in the third, and Jordan's Stall scored six and a
half minutes in the Hurricanes at an empty ninter They
won five to three and the series is tied at two.
The Nixons first play their Game four the NBA Finals
tonight in New York. Forty four year old Serena Williams
victorious in her return to professional tennis team to Victoria
in Boklo to win a doubles match in England.
That's a 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 to Nathan Hager.
There are fresh tensions this morning in the Middle East,
with the US and Iran exchanging attacks after the downing
of the Apache helicopter near the Strait of Hormus, and
US election seasons heating up with important primaries in Maine,
South Carolina, Nevada, and North Dakota. Joining us from more
on all this this morning is Terry Haynes, the founder
of Pangaea Policy. Great to speak with you as always, Terry.
Want to start with what's happening in the Middle East.
We heard US Central Command say its response to the
downing of the Apache helicopter was proportional, but just this morning,
Iranian state media our reporting Tehran is going to reassess
peace after the latest attacks.
Where do you see things at this point?
Good morning, Good morning, Nathan. A couple of things. One
is that I think there is an increased likelihood, it's
certainly more than a trailing risk, that the United States
response is unlikely to remain proportionate. Frankly, because Iran isn't.
This is being covered in the United States press largely
as kind of a tit for tat, but Iran's been
kind of disproportioned for quite some time. You'll recall a
couple of weeks ago there was an attack on a
nuclear reactor in the Emirates by Iran that the IAEA
says was more dangerous than attacking Zaparisha in Ukraine, and
is even warning of a possible nuclear event in the
Gulf region of the sort of kind. Iran now is
also saying that the Gulf States need to make a
moral choice to stop US and Israel. Moral is their work,
and what they're trying to do is present the specter
of destabilizing the Golf in a more fundamental way. Now.
I think the Golf already made the choice militarily and
economically to be kind of on the United States side.
But Iran's going to try to push this sort of
advantage that by itself seems to me to be a
dangerous escalation on their side that risks the United States,
making the response less proportional.
Up to now, the market has been able to look
past many of the developments in the Middle East and
focus on the Ai trade. Are you thinking that we're
getting to a point where the market needs to start
pricing in a prolonged conflict in the Middle East?
I think The answer is probably not certainly at this point.
But what I would warrant of is that there's going
to be a rising shot of more volatility than less.
Markets think they have this pigeonholed. What I suggest today
is that that confidence is misplaced.
I want to turn to the election results.
Of course, a lot of the focus on the main
Democratic Senate primary landslide win for Graham Platner, but maybe
not as big a landslide as was expected before some
of the scandal surface surrounding him.
What's your read on last night's result?
Well, a couple of things. One is I've been for
the last couple of weeks been non consensus that Republicans
are sixty percent likely to keep Congress in the fall.
I expect a lot of change in my view over
the next five months, and it's believe it or not,
it will be five months before this is resolved. You've
got progressive purists that are triumphing here. But beyond the
many platin or personal issues which are real and won't
go away, You've got purism, but be kind of an
inauthentic candidate. You've got pessimism instead of solutions. He's given
away a lot of the center in a state where
Collins is the ultimate centrist. And I note, you're right
to say he had a landslide, but Governor Mills got
twenty percent. She's not even a candidate anymore. The bigger
threat with Platner, and one reason why I'm at sixty
Gerrars is that you can nationalize that negative perception. It
won't just be Platner in Maine, it's tall Ico in Texas.
It might be a candidate in Michigan as well, and
the main Michigan candidates are both anti Israeli candidates. Plus
you've got the Bidens coming back the summer and fall
to remind everybody of what that was like. National Democrats
are already seeing a lot of this, starting to shy
away from Platner. And finally, I would note too that there,
you know, Wall Street's got rising concern about the potential
of waning influence from Senate Democratic leader Schumer. You know,
Mills with Schumer's candidate, not Platner, for example, And you know,
so this is this fight for the soul of the
Democratic Party is also a fight over its leadership, particularly
in the Senate, and particularly with a leader that's very
close to Wall Street.
Just one minute left here, Terry, But I got to
get your take on the South Carolina Governor's race where
President Trump's endorsement led to a runoff now for Pamela
Vett against Alan Wilson.
I think what you get here is you have two
establishment candidates, two establishments, you know, successful statewide run candidates
and lieutenant governor and the attorney general. So yeah, and
South Carolina has proved itself, as Nicky Haley can tell you,
to be very focused not only institutionally on the Republican Party,
but also focused very solidly to keep on the rights
to the proper side of Donald Trump. So you've got
kind of two Trump like candidates endorsed candidates. One at
least that's a candidate already. You notice the people that
the Trump disfavored are out.
This is Bloomberg Daybreak, your morning podcast on the stories
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