NATO Leaders Prepare for Trump, US Loses in World Cup, More
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With Bloomberg News Now, I'm Karen Moscow. And I'm Alexis Christophorus. Here are the stories we're following today.
President Trump and NATO leaders are meeting in Turkey, Alexis, for a summit focused on the alliance's future. The two-day gathering is in Ankara, Turkey, and that's where Bloomberg's chief Europe correspondent Oliver Crook brings us up to speed on the very latest.
Now, this is seen as a sort of follow-up meeting to the really historic NATO meeting last year in the Netherlands, the one in which all NATO members effectively pledged to pay 5% of their GDP for military defense spending. And that was really seen as a real unmitigated success of Trump foreign policy. It's something that really nobody in Europe has really fought back against too much. There have been a couple instances for Spain, for example. But again, this was sort of one of the things that you could really notch down in the win column for President Trump. In the 12 months that have ensued since then, there have been some foreign policy actions which are not so undisputably a success, namely the war in Iran.
Obviously, that has caused a great wedge with a number of European allies.
And Bloomberg's Oliver Crook says NATO will showcase new military projects worth billions in an effort to convince President Trump that allies are boosting defense spending.
And Karen, the NATO summit comes as tensions are rising in the Middle East. A laden liquefied natural gas carrier was hit by a projectile near the Omani coast as it exited the Strait of Hormuz. Bloomberg managing editor Paul Wallace has more from the Middle East.
Iran has said frequently, is essentially said that it doesn't want ships going on that route, that it wants them to take. its own approved route further to the north and closer to its own coast, and that no ships must go through without its permission. So it's possible that it fired on these ships because they hadn't sought and got Iranian permission. It's possible that Iran didn't know the nationality or the precise identity of these ships, that it may not have known they were Qatari. But either way, it really speaks to how things are still very tense over Hormuz.
Bloomberg's Paul Wallace says the vessel was owned by Qatar's state-owned shipping company, Nacolat.
Well, we turn now to the world of sports, Alexis, where the dream of a World Cup for Team USA is over. And Bloomberg's John Staschauer joins us with the latest. John.
All right, Karen, playing on home soil, this U.S. World Cup team won three games. That's more than any previous team, but the run ended with a decisive 4-1 loss to Belgium. Tyler Adams called it a disappointing end to an otherwise positive World Cup.
I think that was the goal, was to obviously inspire people that the sport was growing in the U.S., which I think we saw. I mean, the support was unbelievable. I think our initial reaction as a team was that in this moment, we let them down.
A very quiet game for Fowler and Balligan after so much was made of his suspension being lifted and the role President Trump played. More on the World Cup coming up in sports. John Stasiewicz, Bloomberg Radio.
Thanks, John.
What are the key issues being discussed at the NATO summit with Trump?
In other news this morning, President Trump has filed a last-ditch plea with the Supreme Court to stop writer E. Jean Carroll from collecting $5 million awarded to her by a jury that found the president had sexually abused and defamed her. The Supreme Court previously rejected Trump's appeal, which focused on technical questions involving federal rules of evidence for civil cases. A decision by the high court to reopen the case could delay Carroll's receipt of money. Right now, it's being held in escrow to cover the jury award and interest.
Alexis, Maine Democrat Graham Plattner is under pressure from party leaders and allies to end his bid for a Senate seat following a sexual assault allegation he's denied.
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