DC Parade Cancelled Due to Heat, Israel Plot to Kill Iranian Negotiators, More
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News when you want it with Bloomberg News Now. I'm Ed Kalecki. Word that the Independence Day parade in the nation's capital has been canceled for Saturday because of the extreme heat. The New York Times reports U.S. officials believe that Israel might have been plotting to kill Iran's top negotiators while Washington was engaged with Tehran in delicate talks this spring to reach an interim peace deal. Killing senior Iranian leaders had been part of Israel's strategy from the start of the war. But American concerns about the targeting of two particular Iranian officials — Abbas Arachi, Iran's foreign minister, and Mohammad-Bajir Ghalibaf, the speaker of the parliament — spiked during delicate ceasefire negotiations which began in April.
Fearful that an Israeli assassination effort would doom the negotiations, the U.S., according to officials, went so far as to ask other countries in the region to warn Iran about the possibility Israel could target the two officials. Peace talks are on pause between the U.S. and Iran as Iran kicks off a week-long funeral for late Supreme Leader Ayatollah Khomeini. But earlier this week, President Trump touted progress.
Bloomberg's Paul Wallace reports. The two sides had talks in Qatar at the beginning of the week that involved Jared Kushner, Donald Trump's son-in-law, and Steve Witkoff. And those, broadly speaking, those talks did the job of getting the sides to sort of step back and say, OK, let's keep things calm over Hormuz for now. But they've got huge problems they still need to resolve.
That's Paul Wallace from Bloomberg Talks, are expected to resume next week. A heat dome has settled over the East Coast, threatening to disrupt July 4th celebrations this weekend with temperatures soaring into the dangerous triple digits. Bloomberg's Miles Miller is in New York, which just got hit with its hottest day since 2012.
It's not just New York, of course. It's also going to be in D.C. and in Philly, too, for these celebrations. We have learned that Philly is going to scale back their celebration because of that. Will the celebration on Capitol Hill that is normal for Fourth of July actually go on as planned? It's unclear. All these cities are making these changes in real time because it is just simply too hot.
Bloomberg's Miles Miller. Global stocks were higher today as the latest bout of jitters about the sustainability of the AI trades subsided.
Why was the Independence Day parade in D.C. cancelled?
Matt Bloxham covers the markets for Bloomberg Intelligence and talked about what's driving the rally.
You know, we had this kind of massive surge in investment in data center capacity and we're starting to see kind of real new demands put on the chips and the process. And this is where the kind of memory is coming in because, you know, the NVIDIA chips in particular, you know, real big consumption. consumers of high bandwidth memory.
Bloomberg's Matt Bloxham reporting tech was one of the best performing sectors in Europe on Friday. The U.S. is working on its very first hypersonic weapon but the system is facing delays. Bloomberg's Amy Morris reports from Washington.
The Government Accountability Office report explains the missiles are complex, some assembly is done by hand, and they say the U.S. lags behind China and Russia.
What is Israel's alleged plot against Iranian negotiators?
Program officials say the Army will not field its first battery for the weapon until at least the second quarter of 2026, more than two years later than its initial goal. Hypersonic missiles are capable of flying faster than five times the speed of sound and are far more difficult to intercept.
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