August 3, 2026: Trump: Last Chance for Iran Talks, Palantir Raises Outlook, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Dan Schwartzman. President Trump says this is Iran's last chance to sign a deal. That is after he called off a major attack on the Islamic Republic over the weekend. Here's Trump.
I want to give him every last chance before decapitation. Very tough to do what we have planned, still planned. We'll see what happens.
Iran, meanwhile, has shown no sign of allowing vessels free passage through the Strait of Hormuz, which Trump has demanded. Instead, Iran says it's talking to Oman about a new route and not about whether the Strait as a whole will be open or closed. President Trump also scolded ExxonMobil and Chevron for their soaring profits. Trump said the biggest U.S. oil companies are, quote, making too much money.
Chevron, too much money. Exxon Mobil, too much, too much money. When you look at one company where they made 12 times what they made the year before, they ought to give some of that back to the public. And they better cut the retail price, the consumer price.
Trump made the comments earlier today at the White House. President Trump also faulting Jeanine Pirro, his handpicked federal prosecutor for Washington, D.C., for dropping charges over alleged vandalism at the Lincoln Memorial Reflecting Pool.
And I was disappointed with Jeanine Pirro, really disappointed with Jeanine Pirro. She folded like an umbrella, and people get away with things, and it's a disgrace.
Trump insisting that vandalism is to blame for the damage. That is, despite federal prosecutors saying that the lining of the renovated pool broke apart because of, quote, flawed contracting work. Meantime, CNN is reporting that Trump is considering removing Pirro from her post over the reflecting pool filing. Two people have died in a cyclospora outbreak in Michigan. The CDC says both patients also had underlying health conditions. And we're learning that Taco Bell's parent company Yum!
What did President Trump say about giving Iran a 'last chance' and a canceled attack?
Brands met with Michigan health officials about a parasitic outbreak in early July, weeks before the company officially alerted consumers. The Michigan Department of Health and Human Services discussed cyclospora with Yum! on July 2nd and asked to connect with the company's supply chain quality assurance and communications teams. Taco Bell said it acted quickly based on Michigan's guidance and removed potentially impacted ingredients from select stores, but did not publicly confirm the move until July 14th. In earnings news, Palantir Technologies raised its sales and income forecast for the full year. That is after posting second quarter sales that far exceeded Wall Street's estimates after the company described commercial demand in particular as, quote, otherworldly.
A group of U.S. states filed a lawsuit challenging President Trump's new global tariffs that went into effect last month, adding to similar complaints by groups of small businesses who claim the levies are illegal. The lawsuits accused Trump and U.S. officials of unlawfully using Section 301 of the Trade Act of 1974 to replace earlier tariffs that were either struck down by the Supreme Court or expired. Under the new tariffs, the administration is collecting 10 to 12.5% duties on imports from most major trading partners. The move under Section 301 followed a U.S. probe into the alleged failure of about 60 economies to prevent forced labor in their supply chains to the detriment of American workers.
OpenAI CEO Sam Altman has been asked to brief a House panel on AI security issues. This follows last month after the company disclosed that its advanced artificial intelligence models inadvertently hacked Hugging Face in a, quote, unprecedented incident.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:23
2
What did President Trump say about giving Iran a 'last chance' and a canceled attack?
2:23–4:37
3
How is Iran responding to demands about Strait of Hormuz passage and new shipping routes?
4:37–5:49
4
Why did Trump criticize ExxonMobil and Chevron over record profits and prices?
5:49–6:26
Speakers
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