Apache Crew Rescued by Drone, FISA in Focus in DC, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager. U.S. Central Command says it is still investigating why an Army Apache helicopter went down overnight near the Strait of Hormuz, whether it was shot or had a malfunction. President Trump says both pilots will be fine. The military says they were rescued within two hours of the incident off the coast of Oman. Multiple outlets are reporting the crew was picked up by a Navy surface drone. That may be a first for a military rescue. Bloomberg's Tyler Kendall reports the Strait is once again a key sticking point in talks with Iran.
The White House says that it will prioritize opening the Strait. But at this point, we're still trying to glean any sort of details on what this memorandum of understanding would look like. The other week, it was our understanding that this would be a short-term pause in the fighting, get the Strait of Hormuz reopened, get the U.S. to lift its naval blockade, and then talks about curbs to Iran's nuclear program would come later. It's still our understanding this is what they are trying to work towards, but at this point, we haven't gotten that official confirmation from either side that they're on the brink of a deal.
That's Bloomberg Washington correspondent Tyler Kendall. House Speaker Mike Johnson is at the White House this morning with a key spy tool on the line. Democrats are threatening to block extension of Section 702 of the Foreign Intelligence Surveillance Act after President Trump named Housing Chief Bill Pulte acting director of national intelligence. House Majority Leader Steve Scalise says letting FISA expire would be a mistake.
Everybody has acknowledged this is a critical tool in America's national security. If somebody wants to play games and say, well, they might not agree with an appointment, you're really going to jeopardize the national security of America over a personality issue.
Leader Steve Scalise and House Republicans are also hoping to get nearly $70 billion in immigration funds over the line for the rest of President Trump's term. The Senate narrowly passed the measure last week after months of wrangling over the president's White House ballroom. and a so-called anti-weaponization fund for the Justice Department. It's a busy primary election day across the country. Voters are headed to polls in Maine, Nevada, North Dakota, and South Carolina. Bloomberg's Kaylee Lines reports Maine's Democratic Senate primaries turned into a test after a series of scandals for frontrunner Graham Platner.
There is a lot stacking up against him that could make the politics around his campaign more difficult heading into a general election in November against Susan Collins, who is, by the way, an incredibly vulnerable incumbent.
What happened to the Army Apache helicopter near the Strait of Hormuz?
She obviously has had to break with President Trump on a number of issues recently to try to keep that independent streak that seems to win over the voters in Maine.
Bloomberg's Kayleigh Lines reports some other races will be tests for President Trump's endorsement power. He's backing South Carolina Lieutenant Governor Pamela Yvette in the governor's race against high-profile Congress members Nancy Mace, Ralph Norman, and two other Republican candidates. South Carolina Senator Lindsey Graham is hoping the president's backing will fend off a primary challenge from conservative businessman Mike Lynch. And in Nevada, Democrats hope to flip the governor's seat held by vulnerable Republican incumbent Joe Lombardo. Turning to markets now, the bounce back from last Friday's tech-led sell-off has moved in reverse now.
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