Rubio: Trump Wants 'Diplomacy' from Iran, WB Bidding War, More
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News when you want it with Bloomberg News Now. I'm Monica Ricks. A second round of talks over Iran's nuclear program are set to start tomorrow in Geneva. And Secretary of State Marco Rubio insists President Trump's looking for a diplomatic solution.
We're hopeful there's a deal. The president always prefers peaceful outcomes and negotiated outcomes to things. He's a president that's shown his willingness to talk to anyone and meet with anyone.
Rubio himself is meeting with Hungary's prime minister in Budapest today after attending the Munich Security Conference in Germany. His comments come as Israeli Prime Minister Benjamin Netanyahu also offered proposed terms for a de-escalation deal with Iran. Israel says Iran shouldn't possess enriched material or nuclear enrichment capabilities. Netanyahu also suggested limiting Iran's range of ballistic missiles. Trump's threatened a strike without an agreement. Meantime, President Trump's newly created Board of Peace is expected to meet in Washington this week to talk about rebuilding Gaza. Trump says members will discuss $5 billion in commitments, even though some reports estimate construction there could cost up to $70 billion.
The Pentagon confirms the U.S. military boarded another Venezuelan oil tanker this weekend, this time in the Indian Ocean after tracking it from the Caribbean. Officials didn't say whether it was seized, but posted on X that the vessel tried to defy President Trump's quarantine. It comes as Energy Secretary Chris Wright spent the weekend in Venezuela discussing oil investments, meeting with the country's acting president, and talking about future elections.
An election before next year ends is a real possibility.
Wright says Chevron's on the ground right now, growing production over the next month or so. Other American oil companies will be entering Venezuela later this year. There could be a second bidding war for Warner Brothers Discovery. Its board is reportedly weighing Paramount's new offer, which includes a breakup fee if Warner ends its deal with Netflix and a backstop on Warner's debt refinancing. Bloomberg's Tony Juszczyk says Netflix could get the short end of the stick here.
One of... Paramount strategies also has been to try to portray itself as a better place to get through the antitrust process, which involves Washington, the Department of Justice, and sort of at a remove point. the Trump administration, although Trump himself has said that he won't intervene.
Bloomberg's Tony Zizka says Warner Brothers still has concerns about Paramount's offer, but this is the first time the board has considered it could lead to a better deal. U.S.
What diplomatic solutions is Trump seeking from Iran?
markets are closed today for President's Day, but stocks are still trading overseas. The FTSE in London's up about a third of a percentage point right now. The CAC in Paris up about four-tenths percent. The DAX in Germany is pretty flat this hour. The Nikkei in Japan is down 0.2%, the Hang Seng in Hong Kong is up about a half percentage point, and China's CSI 300 is down about 1.25%. U.S. natural gas tumbled to a four-month low as warmer weather forecasts weigh on heating demands. Futures for March delivery slumped as much as 7.4% in early Asian trading. And Bitcoin's looking for a little direction now after four straight weeks of losses. The cryptocurrency's weekend rally fizzled Sunday, dropping another 2.6% for the week.
Right now it's trading around $69,000. Hundreds of flights have been delayed or canceled today as a partial government shutdown continues affecting Homeland Security, which covers TSA and agencies like FEMA and ICE. Democrats are demanding reforms for ICE, but Republican Senator Mark Wayne Mullen of Oklahoma calls it political theater.
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