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Chapter 1: What is the main topic discussed in this episode?
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News when you want it. With Bloomberg News Now, I'm Doug Krisner. And we begin in Iran, where nationwide anti-government protests have intensified. In recent days, President Trump has repeatedly threatened to strike Iran, suggesting America is back in the regime change business. We are told U.S. commanders have briefed Trump on options for military strikes. And today, Tehran warned both the U.S.
and Israel against any intervention. We heard from Kentucky Republican Senator Rand Paul. He expressed concerns while speaking on ABC's This Week.
Bombing's not the answer. Plus, there is this sticking point of the Constitution that we don't let presidents bomb countries just when they feel like it. They're supposed to ask the people through the Congress for permission.
That is Kentucky Senator Rand Paul speaking earlier on ABC's This Week. Meantime, President Trump is reportedly scheduled to be briefed on specific options. The Wall Street Journal reporting the president plans to meet with senior officials on Tuesday about the next steps.
Now, that could include boosting anti-government sources online, as well as deploying secretive cyber weapons and potentially placing more sanctions on the regime. Military strikes are also an option. There were nationwide protests against ICE across the U.S. after an agent shot and killed Renee Nicole Good last week in Minneapolis.
Today, Homeland Security Secretary Kristi Noem said hundreds more federal agents are being deployed to Minneapolis, and Noem maintained her position that the ICE agent was acting in self-defense. Here is Noem speaking on CNN's State of the Union.
This was clearly a law enforcement action where the officer acted on his training and defended himself and his life and his fellow colleagues. It's a tragedy that this family has lost a loved one and that our country is dealing with the situation. But that's why we need our leaders to turn down their rhetoric.
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Chapter 2: What are the latest developments in the Iran protests?
Today, we are running the sale of their crudes. We have a quarantine around their ability to ship oil outside of Venezuela. All of that goes through American crude marketers, and then that crude goes out into the market. We collect those funds and bring them back to Venezuela to better the lives of Americans and Venezuelans. In the long run, what will happen with Venezuelan oil resources?
Yeah, of course, quite likely you'll see American companies expanded presence there. You'll see growing production.
U.S. Energy Secretary Chris Wright speaking on CBS Face the Nation. At the same time today in a post on Truth Social, President Trump said Cuba will no longer get oil or money from Venezuela. Trump also said he is planning to meet with Venezuelan opposition leader Maria Corina Machado later in the week.
The Supreme Court is expected to hand down more opinions this week, and that includes a possible ruling on challenges to President Trump's tariffs. Mary Lovely is senior fellow at the Peterson Institute for International Economics. She told us markets are in suspense.
Uncertainty is a killer. We've seen investment in the United States maintain a good pace, but half of it is in data centers. What we really need is investment in activities that create jobs. So there is this tension here about continued uncertainty and the long-term health of the economy.
Mary Lovely from the Peterson Institute for International Economics speaking earlier to Bloomberg. If the Supreme Court were to determine these tariffs are illegal, the U.S. government would have to pay companies back billions of dollars in refunds. However, the Trump administration is preparing for that potential outcome.
and that would include maintaining similar tariff rates by drawing on other laws. The financial markets will be focused on the latest reading on inflation in the week ahead. We have more from Bloomberg's Karen Moscow.
The Consumer Price Index is out on Tuesday, and it could show a modest increase in headline inflation. We also get new home sales figures, and JP Morgan will kick off big bank earnings. Wednesday is the Producer Price Index, as well as retail sales, existing home sales, and the Federal Reserve's Beige Book Survey of Regional Economic Conditions.
We also get earnings from Bank of America, Wells Fargo, and Citigroup. Thursday is the weekly report on initial jobless claims and we'll hear from Morgan Stanley and Goldman Sachs. Industrial production is out on Friday. Karen Moscow, Bloomberg Radio.
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Chapter 3: What actions is the U.S. considering regarding Iran?
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