Trump's 15-Point Peace Plan; Flight Prices Set to Rise

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, it's day twenty six of the war with Iran,
but hopes are building for a diplomatic solution. President Trump
says talks are underway to try to end the fighting.
We're in negotiations right now.
They're doing it along with Marco jd.
We have a number of people doing it, and the
other side, I can tell you they'd like to make
a deal.
President Trump spoke from the White House as the US
has drafted a deal to bring the conflict to a close.
We get the details from Bloomberg's Jumana Borsecci in Dubai.
A fifteen point proposal has been submitted to the Iranians
via Pakistan. This fifteen point proposal is very similar to
some of the terms that the US had set out
prior to the war, even started reiterating some of the
key points. A commitment to pursue nuclear weapons, the smantling
of key nuclear sites, limited missile program, and a diaminant
of proxy funding. But there is one new element, and
that is the US. Of course, are insisting on a
full reopening of the Strait of Hormless.
Bloomberg Johanna Brissetti reports IRUN has yet to comment formally
on the proposal, it did keep up drone and missile
attacks on Israel and golf are of States overnight. At
the same time, Bloomberg News has learned that the Trump
Administration's ordered about two thousand soldiers from the eighty second
Airborne to deploy to the Middle East. Officials have not
said what they'll be used for, but they could play
support roles or lead the way for a ground attack.
Well, Nathan, we are seeing oil decline over the latest developments.
Right now nimex screwede oil is down five and a
quarter percent. Is it eighty seven dollars forty seven cents
a barrel? Brent is a ninety eight dollars eighty nine
cents black roxy Eilary Fing was asked by the BBC
what the long term consequences of the war might be.
If there's a cessation of war and yet remains a threat,
a threat to trade, a threat to the to the
streets of harmouth that I would argue that we could
have years years of you know, above one hundred dollars
closer to one hundred and fifty dollars oil.
What happens to the glebe La call me. If that happens,
how do we see it?
We'll have global reception and Mary Fink added he could
see high oil prices affecting the expansion of AI and
the US.
And Europe and if the war continues Karen. United Airlines
is warning its customers they may have to pay more
for tickets. CEO Scott Kirby spoke with Bloomberg's Lisa Brahmowitz
in Los Angeles.
There will be less demand, There'll be fewer people traveling
nice prices go up. That's part of our cut capacity
five percent. Like you know, when airfares have to go
up because of oil prices, there are going to be
some people that choose not to fly. And it'd be
naive not to realize that if wil price has stayed
where they are today, that's eleven billion of expense for
US and that would require prices to be up twenty
percent to break even.
United CEO Scott Kirby says at the moment, demand remain
means very strong. You can catch the full conversation on
the new video experience on the Bloomberg Business app mon Nathan.
We now turned to the latest on that deadly plane
crash at LaGuardia Airport. A system designed to help air
traffic controllers monitor vehicles and airplanes on the ground failed
to alert personnel before an Air Canada ExpressJet collided with
a fire truck, killing the two pilots. Federal investigators say
one of only two air traffic controllers on duty cleared
a fire truck across a runway just twelve seconds before
the flight touched down. Here's National Transportation Safety Board Jennifer Hammondy, the.
Controller in charge was also doing the duties of the
clearance delivery position that the clearance delivery controller provides pilots
with their departure.
Clearance, and as National Transportation Safety Board share Jennifer Hammandy,
who says, among the areas being explored or whether the
common practice of two controllers on duty overnight is enough.
Turning to the nation's capital, now, Karen Senate Democrats, I've
rejected the latest offer from President Trump and Republicans to
fund most of the Department of Homeland Security and end
a lengthy shutdown that has snarled airport's security checkpoints and
threatened to ripple through an economy already royaled by war.
Senate Minority Leader Chuck Schumer says Democrats will send a
counteroffer to Republicans.
Republicans can hopefully now come back to the table and
get serious about reaching a solution to pay TSA workers asap.
Senate Democratic Leader Chuck Schumer says the GOP plan does
not include any of the policy reforms and immigration and
customs enforcement that they've insisted on. Here's House Speaker Mike Johnson,
so I can.
Tell you the House is funded DHS twice.
We're prepared to do it again, completely fond the entire
department that is a responsible to do this thing.
So we've been very resistant to any.
Idea to break you apart.
House Speaker Mike Johnson says the Republican offer would have
funded ninety four percent of DHS, but leave out five
and a half billion dollars for ice enforcement.
Well. Nathan, a Democrat, is boysed to represent President Trump
and ismral Lago residents in the Florida State House of Representatives.
According to Decision Desk HH, Democrat Emily Gregory is predicted
to defeat her Republican opponent John Maples and a special election.
Gregory got fifty one percent of the vote compared with
forty nine for Maples. Republicans hold a wide majority in
the Florida State House, so the upset will have little
effect on state politics, but it represents a symbolic win
for Democrats ahead of the midterms. President Trump cast a
mail in ballot in Florida as he continues to publicly
bash the voting method as a source of fraud.
Well Judge Karen is bashing the Trump administration's rationale for
banning the federal government's use of artificial intelligence technology from Anthropic.
Federal judge says the government's decision does not appear to
be quote tailored to the stated national security concern and
looks like an attempt to cripple Anthropic. The maker of
the Claude chatbot, claims that the Pentagon's ban could cost
it billions of dollars in lost revenue.
News Nathan SpaceX's reportedly aiming to file a perspective for
an initial public offering as soon as this week. The
Information reports Elon Musk Company could try to raise more
than seventy five billion dollars. That capital raising would shatter
the previous high watermark set by Saudia Ramcos twenty nine
billion dollar listing in twenty nineteen.
And Karen Meta Platforms is offering its top executives stock
options for the first time since it's twenty twelve IPO
as part of an effort to retain and compensate executives.
The new options are outlined in company filings. They will
be released if Meta hits ambitious stock price milestones over
coming years.
And a programming note, Nathan Markets make cloths on Fridays,
but the world does not, and that's why we're bringing
you a new live radio and TV show. Bloomberg This
Weekend is looking beyond the daily headline, so the bigger
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and the Bloomberg Business app. Time Now for look at
some of the other stories making news in new York
and around the world. And for that we're John by
Bloomberg's Monica Rich Monica, good morning.
Hey, Good morning, Karen. Delta suspending specialty services now for Congress.
As a partial government shutdown continues and TSA delays get longer.
Lawmakers can typically get through security screenings quicker, and they
have escorts to bypass long lines. They also have a
dedicated reservation desk that, among other things, allows them to
make some last minute changes. But Delta says the priority
now is taking care of its staff and customers, which
they say is becoming increasingly difficult.
Hi Dow Salling, swe Marlen mull markway Mullen.
Martin Wayn.
Mullen has been sworn in as the new Secretary of
Homeland Security and says he's ready to get to work
and get TSA workers paid.
They're working with for free because of political politics. That's
all I need to know. I tell him, was your
fight in three inner sixty five days? Understand I'll be
fighting three inner sixty days, three hundred six five days
beside you.
Energy Executive Allan Armstrong was tapped by Oklahoma Governor Kevin
stid to fill Mullen's Senate seat. He was also sworn
in yesterday. Denmark's election is still unconclusive right now, which
means the prime Minister's future is still in limbo this morning.
It was an early election following President Trump's threats to
take over Greenland, and results show that Prime Minister Meta
Frederickson's left leaning campaign lost ground compared with the country's
last election in twenty twenty two. Neither party won a
majority in parliament, and Meta has been ordered to pay
three hundred and seventy five million dollars in damages now
after a jury in New Mexico ruled that Meta misled
teenagers in the state about the safety of its social networks.
Jurors say the company new apps like Facebook and Instagram
have become breeding grounds for sexual predators. There's a similar
trial that said to happen later this year in California.
Global News twenty four four hours a day and whenever
you want it with Bloomberg News Now. I'm Monica Ricks
and this is Bloomberg Karen.
Thanks Monica. Time now for our Bloomberg Sports update, and
for that we bring in John Stashower.
Thanks Karen. Hasn't expected in North Carolina. Has spired basketball
coach Ubert Davis after five years on the job. The
tar Heels in the first round of the NCAA Tournament,
blew a nineteen point lead and lost to VCU. The
Heels oh Davis five million. Joe Flacco not done at
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The baseball season begins tonight with one game. It's the
Yankees in San Francisco. That's your 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 opp This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager. On day twenty six, the
US Israeli War, where Iran the US is pushing diplomacy.
Pakistan says Iran has received a fifteen point piece plan
from the US At the White House, President Trump says
Iran wants to make a deal.
I don't like to say this.
We've won this.
This war has been one the only one that likes
to keep it going?
Is the fake news that was President Trump speaking at
the White House this morning. We're joined from Dubai by
Bloomberg New Senior Middle East reporter Sam Dagger. Sam, Good morning.
What more do we know about this fifteen point plan
and whether Iran may be open to it?
Good morning, Good morning to you and your listeners. Yeah,
I mean, obviously there's still a lot of uncertainty over
the structure of negotiations, who is going to be participating
on the Iranian side, how any deal would be structured
at the stage. So obviously a lot of positive talk
from the White House from President Trump, but a lot
of unknowns on this side. We just heard actually earlier
today from the spokesman for Iran's Islamic Revolutionary Guard Corps
and the Armed Forces. His name is Lieutenant Colonel Ibrahim Zolviegari,
and he had some pretty, you know, strong words. He said,
addressing President Trump. You know, and I'm quoting here, have
your internal conflicts reached the point where you're negotiating with yourselves?
And he says again I'm quoting in here. He says,
our first and last word has been the same from
day one. It will stay that way, someone like us
will never come to terms with someone like you. Again,
it's Alvigari addressing President Trump. He said, not now, not ever,
so accoting to Iran, at least the people who are
calling the shots on the ground, the IRGC. There are
no negotiations.
But at the same time, though we have heard, though,
haven't we that Pakistan has delivered this peace plan to Iran?
What more do we know about that?
And what the parameters of this plan could be?
Yeah, I mean it could be potentially, you know, the
people on the civilian side, I mean, people like the
Foreign Minister about Sarrazi, who had been leading negotiations before
the start of the war. It could be people like
you know, the Speaker of Parliament, a very powerful figure
right now in the regime, Mohammed Baker Galibav But he's
come out also, and I mean a couple of days
ago and says, you know that the condition for any
talks with the US would be, uh, you know, the
Iranian people, as he said, demand complete and remorseful punishment
of the aggressors. And I mean there have been reports
that Iran is basically saying, yes, it will talk to
the US, as long as you know, it receives a
legally binding guarantees that would against any future attacks by
Israel in the US. It also wants apparently again reportedly
billions in reparations for damage caused by the war. It
wants sanctions to be lifted. It also wants to formalize
control over the Strait of Her Moves, and it's already
charging transit fees. I mean, we've reported that here at Bloomberg,
and it has circulated a letter among members of the
International Maritime Organization saying that any passage through the Strait
of Her Moves has to be in coordination with again
I'm quoting them here the letter, in coordination with competent authorities.
We have just thirty seconds left here, Dan, But we're
hearing as well that the US is sending even more
forces to the Middle East. What kind of impact could
that have?
Correct And again I can tell you the posture here
of Gulf states, I mean where I'm sitting in the UAE,
and to certain Saudi Arabia, they feel like almost military
confrontation with Iran at this stage is almost inevitable. I mean,
they have been discussing military options. There was a meeting
in Riyad last week where that was on the table.
We're hearing very strong language from the UA to Foreign
miniSTR a couple of days ago said we will no
negotiate with terrorist.
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