Hopes Rise for Hormuz Deal, El-Sayed Projected Win in Michigan Primary, More

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What is the Savannah Bananas story and how did Jesse Cole grow the brand?

Alex Rodriguez 0:00
Have you ever wondered how Jesse Cole took the Savannah Bananas from this? We had a $6 million failure last year. We're going to have bigger ones as we go. To this? We've got shareholders, investors I've reached out to regularly, and the answer is always no. Or why Elle Duncan would say this about a Netflix sports broadcast.
Carol Masser 0:17
Sometimes we're going to take really big swings and we're going to freaking whiff.
Alex Rodriguez 0:20
Then the deal is the show for you. It's a Bloomberg podcast hosted by me, Alex Rodriguez. And me, Jason Kelly. We talk to the biggest names in the world of sports and business, including NBA Hall of Famer Tracy McGrady on one of his biggest blunders. I think I've created something magical. Mm-hmm. Well, I struck out. And you'll even get some of my baseball hot takes. I've had owners tell me, It doesn't matter. The game has to be fixed. It's broken. If we have to lock out the whole year, we will. New episodes air every Thursday. Don't miss out.

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Tiwa Adebayo 1:00
News when you want it with Bloomberg News Now. I'm Tiwa Adebayo. And I'm Caroline Hipker. Hopes are rising that the US and Iran could be close to an interim agreement to reopen the Strait of Hormuz. President Trump told reporters that talks are moving along very nicely, adding, we'll know in 48 hours. And speaking to Fox News in a separate interview recorded earlier on Tuesday, the president had this to say on the talks.
Donald Trump 1:27
the strait's going to be open very soon, or they're going to get hit very hard, and then the strait's going to be open. We were going to a tremendous attack, the biggest since World War II. And they called me and said, very politely, please, can we talk? Can we talk? They didn't want. And I said, yes, we can talk. Let's get it done. Finally, let's get it done.
Tiwa Adebayo 1:49
The U.S. president speaking to Fox News as Axios reports the U.S., Iran and Oman could announce a temporary agreement as soon as today. The proposal would reopen shipping through the strategic waterway with a 60-day arrangement. But U.S. and Qatari officials caution there's still no agreement. And while a short-term deal could help normalize commercial shipping in the strait, it might still fail to end the U.S.-Iran war or resolve concerns about Iran's nuclear program.
Caroline Hepker 2:19
Bloomberg has learnt that former senior officials from Russia, the UK, France and Germany privately met in Vienna to explore ways to end the war in Ukraine. Our reporting on the gathering comes as Europe's three biggest powers have been working on ways to establish direct contact with the Kremlin. Bloomberg's James Alcock has more.
James Woolcock 2:39
It's not unknown for former officials to engage in informal diplomatic talks at arm's length from their governments. These so-called track two meetings aim to exchange ideas that might later feed back into government channels. Now, all four countries either declined to comment or told Bloomberg they were not aware of those discussions between some of their seasoned diplomats and former national security officials, which happened last month in Vienna. But the news of the meeting comes as Europe tries to take a bigger role in discussions with Russia, which so far have been dominated by the US. In London, James Woolcock, Bloomberg Radio.
Tiwa Adebayo 3:15
The UK's new Foreign Secretary Ed Miliband travels to Washington today for his first visit since taking office. Miliband and US Secretary of State Marco Rubio are expected to discuss reopening the Strait of Hormuz and Ukraine. The trip comes after President Donald Trump repeatedly attacked Miliband's net zero agenda during his time as Britain's Energy Secretary. His first visit to Washington will be an early test of whether the two sides can build a working relationship.
Caroline Hepker 3:44
Now, to some election results. Abdul El-Sayed is projected to win the Democratic Senate primary in Michigan, this according to NBC. Now, the victory would mark a major win for the party's progressive wing. In one of the year's most closely watched primary contests, El-Sayed will now face Republican Mike Rogers in a race that could help to decide control of the U.S. Senate.

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