Iran Attacks Bahrain, US Retaliates, Ceasefire in Limbo, More

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Bloomberg News Now 7 min 8 speakers 5 chapters transcribed 2 months ago
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Carol Masser 0:01
Hi, I'm Carol Masser with a helpful tip to keep you plugged in throughout the market day. Subscribe to the Stock Movers Report from Bloomberg. These are short audio episodes, five minutes or less, delivered right to your podcast feed. Stock Movers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's driving those gains and losses. Why spend all day watching tickers scroll across your screen? Subscribe to Stock Movers today on Apple, Spotify, or anywhere else you listen.
Monica Ricks 0:30
News when you want it with Bloomberg News Now. I'm Monica Ricks. The U.S. military confirms it's attacked Iran in response to a drone attack on a ship that President Trump says violated its ceasefire.
Unknown 0:42
I don't like the fact that they took a shot yesterday, actually four, we knocked down three, at a ship. Not an Allied ship, but a ship, a very expensive ship. And it was fine, but it took a little beating. They shouldn't be doing that.
Monica Ricks 1:00
Bahrain says Iran fired back this morning with another drone attack. The U.S. Navy's 5th Fleet is stationed there. Bloomberg's Jeff Mason says this back and forth now threatens a ceasefire between the U.S. and Iran.
Jeff Mason 1:12
I do think it's worth underscoring how shaky that deal is. And the politics of that for President Trump is he has roughly 60 days to have J.D. Vance come up with a longer term agreement is such that you got the midterms just coming right up. And he's expected to be doing a lot of campaigning in the fall right around the time when a nuclear deal could either be being announced or falling apart.
Monica Ricks 1:38
Our Jeff Mason on Bloomberg this weekend. The two sides continue clashing over key provisions of this deal, including whether Iran will impose tolls in the Strait of Hormuz. Yesterday, Oman told European officials that vessels may ultimately have to pay some fees. The race to rescue survivors of two earthquakes continues today in Venezuela, where more than 900 people have now died. And international relief is underway. Katie Sussman is the Latin American deputy regional director at the International Rescue Committee.
Carol Masser 2:07
Right now, we know that people need shelter, food, medical supplies. And we also know that the numbers are only a small part of the story right now.
Monica Ricks 2:17
About 3,000 people were also injured in the quakes. Tens of thousands are still missing.

What happened in the U.S.-Iran strikes that threatens the ceasefire?

Monica Ricks 2:22
The disaster in Venezuela will be a test for U.S. relief efforts without USAID. Former United Nations Ambassador Samantha Power says our rapid response capacity was eviscerated when the Trump administration dismantled the agency last year. And that includes efforts to curb Ebola, with an outbreak still spreading through Congo and Uganda.
Unknown 2:43
all system failure and all system attack. And there's not one part of human development that has been untouched by this blunder.
Monica Ricks 2:56
You can listen to that entire conversation with Samantha Power on the Big Take podcast. Meantime, California Congressman Ro Khanna is firing back at Elon Musk, who's threatening to sue over Khanna's criticism of USAID cuts made by Musk while leading Doge.
Ro Khanna 3:11
I'm more concerned that the world's richest person possibly sentenced the poorest people in the world to their death.

How did President Trump and officials describe the drone attack on the ship?

Monica Ricks 3:18
Khanna on MSNOW. He was citing a Lancet study that said dismantling USAID could lead to millions of deaths. This week's Supreme Court decision on immigration could have a ripple effect on the U.S. workforce. Bloomberg's Nathan Hager has that story from Washington.
Nathan Hager 3:33
It could send hundreds of thousands of previously legal migrants into a shadow workforce working off the books in jobs that don't match their skill set. The Supreme Court gave the green light to strip temporary protected status for more than 350,000 Haitian and Syrian migrants. The advocacy group Forward.us says if more immigrants lose their protections, it could mean up to $175 billion a year in lost economic impact. Nathan Hager, Bloomberg Radio.
Monica Ricks 4:00
Anthropic's been cleared to restore some access to its powerful Mythos AI model. Bloomberg's Ed Kalecki has details.
Ed Kalecki 4:06
It happened after resolving Trump administration concerns about the technology's potential threats to national security.

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