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Chapter 1: What is the main topic discussed in this episode?
The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.
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Stories that move markets.
Chair Powell opened the door to this first interest rate cut.
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And I'm Karen Moskow.
Karen, we begin with the latest on the Middle East. The U.S. has issued a 60-day license allowing Iran to sell its own oil on the international market. This gives Tehran an economic lifeline as both sides continue talks on a permanent peace deal. We get the very latest from Bloomberg Middle East correspondent Abir Abu Omar.
What we know about this waiver is that essentially the U.S. Treasury has extended it to Iran until August 21st. That is the day where the 60-day period of negotiations would have stopped. And so that would allow Iran to sell oil exports, bringing back this trade. much needed supply to the market because of the shutdown in the Strait of Hormuz.
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Chapter 2: What recent developments are happening with Iran's oil sales?
In London, I'm Ewan Potts, Bloomberg Radio.
All right, Ewan, thank you. Let's turn to politics here in this country because it is primary election day in New York and Maryland, as well as a runoff day in South Carolina. In New York, a number of congressional races could be a test of Mayor Zoran Mamdani's political power. The mayor has endorsed challengers to two Democratic incumbents, Dan Goldman and Adriano Espaillat.
We spoke with Congressman Goldman about his race against former New York City comptroller Brad Lander.
Look, I think broadly, we generally agree on what the problems are. Life is just way too expensive for the vast majority of Americans. And we have to address the dramatic escalation in wealth inequality and the difficulty that so many people have in accessing opportunity in this country and the American dream.
New York Congressman Dan Goldman appeared on Bloomberg's Balance of Power. Mayor Mamdani's also endorsed activist Daria-Liza Avila-Chevalier against Congressman Espaillat.
Well, there's also a crowded field, Nathan, to succeed retiring Congressman Jerry Nadler in his midtown Manhattan district. It includes John F. Kennedy's grandson, Jack Schlossberg, and former never-Trump Republican-turned-Democrat George Conway.
Mamdani has not given an endorsement in that race, but in the interest of transparency, we should note that Michael Bloomberg has endorsed Michael Asher for Congress, and Bloomberg is founder and majority owner of Bloomberg LP, the parent company of Bloomberg Radio.
And Karen, we're also keeping an eye on primary races in Maryland. Governor Wes Moore is seeking reelection to a second term. He's facing a Democratic primary challenge from physician Eric Felber. The Republican governor's race features nine candidates, including former state delegate Dan Cox, who lost to Moore in 2022.
In the House, 24 candidates are vying for retiring former Democratic leader Steny Hoyer's seat. They include former U.S. Capitol Police Officer Harry Dunn, who helped defend the Capitol during the January 6th attack. And in the South Carolina runoff, Lieutenant Governor Pamela Yvette is facing State Attorney General Alan Wilson again in the Republican governor's race.
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