Artemis II Returns Home, Trump Threatens Iran, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
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From the pages of Jules Verne to a modern day mission to the moon, a new chapter of the exploration of our celestial neighbour is complete. Integrity's astronauts back on Earth.
And with that, welcome from Mission Control. A NASA crew of four astronauts returned to Earth and splashed down to the Pacific Ocean off California Friday evening, capping the historic lunar return by the U.S. The Lockheed Martin-built Orion crew capsule carrying the Artemis II crew took a fiery plunge through the planet's atmosphere before touching down under parachutes into the much cooler waters of the Pacific. This is Lori Leshin, University Professor of Space Futures at Arizona State University.
Many of us will never, ever forget Artemis II, the incredible power of the launch, the moon joy, the flying around the moon for seven hours, the interaction for the first time ever, actually, the interaction between the astronauts and the science team directly in mission control. That was incredible. And just hearing the joy of discovery in the astronauts' voices as they went around the moon and observed things for real that they'd been training for for years.
And Bloomberg space reporter Lauren Grush.
All in all, they came home safely and they got to see the far side of the moon in a way that astronauts have never seen it before. And so in that way, I think we can deem this mission a success.
The Artemis II crew, back on Earth. President Trump ramped up pressure on Iran as Vice President Vance traveled to Pakistan for talks to end the war. With Israeli airstrikes in Lebanon and the Strait of Hormuz as effective closure looming over diplomatic efforts, Trump posted on social media Friday that Tehran's only leverage is short-term extortion of the world. by using international waterways, a reference to Hormuz, a critical shipping lane for oil and natural gas that remains largely shut, raising global energy prices. Trump declared that the Iranians don't seem to realize they have no cards. The semi-official Tasnim News Agency reported an Iranian delegation Led by Parliament Speaker Mohammad Bashir, Ghalibaf has arrived in Islamabad.
He told a Tasnim reporter that talks would only proceed if the opposing side accepts Iran's preconditions for negotiations. The Federal Reserve is asking major U.S. banks for details about their exposure to private credit following a surge in redemptions from the funds and a rise in troubled loans in the industry. The queries by Fed examiners are intended to assess the level of stress in the private credit industry and the potential for it to spill over to the wider financial system. Among the queries the Fed has been incorporating into its routine oversight process, the central bank has been seeking detail on the debt private credit funds have taken on from banks. In good times, that debt can juice returns and make private credit funds more enticing.
In bad times, It risks exposing banks to losses.
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