Billions & Troops Committed for Gaza, Former Prince Andrew Arrested, More
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What recent developments are there in the Gaza conflict?
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News when you want it with Bloomberg News Now, I'm Dan Schwartzman. President Trump's board of peace set up to secure an end to the war in Gaza met today for the first time in Washington.
How much financial support has been pledged for Gaza's humanitarian efforts?
Trump says the board received roughly $17 billion in pledges toward humanitarian and reconstruction efforts in Gaza, with the U.S. contributing $10 billion. The president also announcing that more than a half dozen countries have promised personnel toward a stabilization force in the Palestinian enclave.
Albania, Kosovo, Kazakhstan have all committed troops and police to stabilize Gaza. Egypt and Jordan are likewise providing very, very substantial help, troops, training, and support for a very trustworthy Palestinian police force.
Which countries are contributing to the stabilization force in Gaza?
Trump also says that son-in-law Jared Kushner will be a, quote, envoy of peace, and also talked about the conflict with Iran and that the Islamic Republic cannot be allowed to go nuclear.
And we do have some work to do with Iran. They can't have a nuclear weapon. It's very simple. You can't have peace in the Middle East if they have a nuclear weapon. And they can't have a nuclear weapon, and they've been told that very strongly.
Meanwhile, oil is jumping on the reports that the U.S. may be edging closer to war with Iran than many Americans might think. We get more details from Bloomberg's David Gurra.
What is President Trump's stance on Iran's nuclear capabilities?
We're looking at two different tracks here. There is this diplomatic track. We had Steve Witkoff and Jared Kushner meeting with Iranian officials in Geneva for the second time, and there are plans for... another meeting in a couple weeks time all the while we've seen president trump marshal all of this u.s military might in the middle east more is on its way i was looking what axios was reporting this morning the armada trump's armada has grown to include two aircraft carriers a dozen warships hundreds of fighter jets and multiple air defense systems
That's Bloomberg's David Gura. West Texas Intermediary is currently trading at close to $66.50 a barrel. Former Prince Andrew, the brother of King Charles III, was arrested on suspicion of misconduct in public office after further details emerged about his relationship with convicted sex offender Jeffrey Epstein. We get more with Bloomberg's Louise Moon in the UK.
The key question now is what's going to happen next? So we've had a statement not long ago from the prince's, the former prince's brother, King Charles, saying that the law must take its course, that police, that he has, the police have his full support with cooperation with the investigation and the whole process. And so that's really, as you say, the key question, what's going to happen next, whether or not the former Prince Andrew will be charged.
That's Bloomberg's Louise Moon. Michelle Hussain, host of Bloomberg's The Michelle Hussain Show, gives more details into what the British police may be looking for.
There are emails in the Epstein files which appear to show that he received, for example, an official report on a visit overseas and he forwarded it to Jeffrey Epstein within minutes. So trade envoys are supposed to be under a duty of confidentiality. So that is the specifics of what the police are looking into. But of course, we don't know where this investigation goes. And it is a PR nightmare. It is reputationally, personally, on every level, you can see the implications for the royal family.
That's Bloomberg's Michelle Hussain. Federal Reserve Bank of Minneapolis President Neil Kashkari says recent comments by National Economic Council Director Kevin Hassett, which were critical of a New York Fed study on tariffs, undermines the central bank's independence. Kashkari says the comments were, quote, just another step to try to compromise the Fed's independence.
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Chapters
4 chapters
1
What recent developments are there in the Gaza conflict?
0:00–0:38
2
How much financial support has been pledged for Gaza's humanitarian efforts?
0:38–1:12
3
Which countries are contributing to the stabilization force in Gaza?
1:12–1:44
4
What is President Trump's stance on Iran's nuclear capabilities?
1:44–7:26
Speakers
7 identifiedMore from Bloomberg News Now
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