Qatari LNG Ship Hit in Hormuz, USA Out of World Cup, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Lizzie Burden.
And I'm Stephen Carroll.
What happened to the Qatari LNG ship in the Strait of Hormuz?
A Qatari liquefied natural gas tanker has been attacked as it exited the Strait of Hormuz. A fire broke out on the ship after it was struck near the Omani coast with what is believed to have been a drone or missile. Separately, Axios reports that Iran fired at least two missiles at commercial ships travelling through the strait. According to an unidentified U.S. official, both vessels suffered significant damage, but there were no casualties.
What are the implications of Iran's missile attacks on commercial ships?
Stuart Livingston-Wallace heads our Middle East coverage.
I think the big readout from this is that Iran is absolutely determined to enforce its right to control Hormuz. What was interesting about the location of this is that it appeared to be taking the southern route via the Armani coast, which Iran has clearly said is not acceptable as far as it's concerned. All ships must go through Iranian waters or hugging the Iranian coast, and any that don't are subject to attack. So that reinforces that.
How did Samsung's profit report affect its stock prices?
Again, I think it makes it very difficult for negotiators going forward in terms of trying to get some sort of agreement about what actually happens to Hormuz in the future.
Stuart Livingston Wallace says that talks between Washington and Tehran are currently suspended as Iran holds a multi-day funeral ceremony for the late Supreme Leader.
Shares in Samsung has fallen by as much as 10% after the firm's 19-fold profit increase failed to match lofty expectations. Korea's largest company posted preliminary operating income equivalent to around $58 billion in the three months until the end of June. That beat projections by about 6% and amounts to a roughly 1,800% increase in profits from a year earlier.
What is the significance of Marine Le Pen's appeal in French politics?
Bloomberg's markets reporter Anthony Stevens says even with that massive beat, investors are still opting to rotate out of textile
You're seeing, you know, very high volatility and very high positioning getting unwound here on what is on the face of it a very strong result. And that points to more of like a technical or tactical selling here, which is leading to some rotation. So Samsung is down strongly. So is Kioxia. So is Hynix. And this speaks to the fact that the memory trade has been the big, but also the most liquid way to play the AI hardware infrastructure build out.
Anthony Stevens referring there to increasing market concerns that the AI-driven rally may have run ahead of itself. Even with the latest sell-off, Samsung's shares are still up around 150% this year.
A decision from Paris' Court of Appeal could shape the future of French politics.
What pressure is Graham Plattner facing in the US Senate race?
The outcome of Marine Le Pen's appeal against an embezzlement conviction will determine whether she can stand in the next presidential election. Bloomberg's Tiwa Adebayo has more.
Last March, the National Rally Party's Marine Le Pen was sentenced to a five-year election ban and a two-year jail term accused of misusing over 400,000 euros. The verdict of her appeal, due to be given by a three-judge panel today, will decide whether she stands in her fourth presidential election or her 30-year-old protégé Jordan Bardella takes over the reins. While the two share a platform, their backgrounds are strikingly different. Le Pen has spent two decades shifting the party to a more palatable populism, whilst Bardella is known for his pro-business messaging. One could appeal more to the conservative mainstream, whilst the other is popular with the party's traditional supporters. 57-year-old Le Pen says she remains the candidate for now, but is prepared to cede to her millennial colleague.
In London, Tiwa Adebayo, Bloomberg Radio.
In US politics, main 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 has denied.
How did Belgium eliminate the USA from the World Cup?
Plattner said in a social media video that he would reflect on the best path forward for his campaign after the allegation was published on Monday by Politico.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
What happened to the Qatari LNG ship in the Strait of Hormuz?
0:35–0:59
3
What are the implications of Iran's missile attacks on commercial ships?
0:59–1:24
4
How did Samsung's profit report affect its stock prices?
1:24–2:06
5
What is the significance of Marine Le Pen's appeal in French politics?
2:06–2:57
6
What pressure is Graham Plattner facing in the US Senate race?
2:57–4:09
7
How did Belgium eliminate the USA from the World Cup?
4:09–4:54
8
What controversies surround FIFA's decisions in the World Cup?
4:54–8:54
Speakers
10 identifiedMore from Bloomberg News Now
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