Rubio: Trump Wants Iran Deal, White House Denies Diesel Export Ban, More

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What is the opening overview and who is hosting the Bloomberg News Now segment?

Barry Ritholtz 0:00
Hi, I'm Barry Ritholtz inviting you to join me for the Masters in Business podcast. Every week we bring you conversations with the people who shape markets, investing and business. I speak with CEOs, Nobel laureates, market innovators and legendary investors. Whether you own stocks, bonds, real estate, commodities, even crypto, these are discussions you absolutely need to hear. Subscribe to the Masters in Business podcast on Apple, Spotify or
Amy Morris 0:28
anywhere you listen. News when you want it with Bloomberg News Now, I'm Amy Morris. Iran President Massoud Pazeshkian says his country has no interest in developing atomic weapons, but will not give up the right to develop nuclear technology for economic development. He addressed the UN General
Unknown 0:47
Assembly. We will not. bow our head and give up the right that is inherently ours. We say it clearly. No nuclear weapons and no limitations to peaceful nuclear technology.
Amy Morris 1:02
Perzeskian says Iran would not allow free passage through the Strait of Hormuz while being hampered by sanctions. But there could be some tentative signs of renewed diplomacy. Secretary of State Marco Rubio.

How does Senator Marco Rubio describe President Trump's stance on a potential Iran deal?

Marco Rubio 1:15
The president's open still to this moment, to making a deal with Iran that allows Iran to be what it should be, which is a great and prosperous country. But if they continue to insist on the desire for a nuclear weapon, their support for proxies in the region, their support of terrorism, they're the world's leading sponsor of terrorism, then we're going to have big problems with them.
Amy Morris 1:34
Rubio says President Trump for now is focused on imposing economic restrictions on Iran, but also has military options. And crude oil is higher. WTI crude oil nearing $92 a barrel. Brent crude topping $102 a barrel. And the White House says it is not preparing a plan to ban exports of diesel for 90 days to bring down energy prices. Politico had reported that the administration was mulling it over, but that some administration officials and oil industry executives warned it could backfire by eventually raising prices. The average cost per gallon of diesel now topping $6.50 per gallon. The FBI is investigating an apparent breach of its jobs website with a hacking group claiming to have accessed very sensitive data on nearly all agents and job applicants.
Amy Morris 2:22
The hacking group, called Shiny Hunters, claimed responsibility for the hack and said it would give the FBI a week to correct or remove false allegations made in a public service announcement. The newest proposal to help regulate the economic impact of artificial intelligence comes from Democratic Senator Mark Kelly of Arizona. The Make AI Work for Americans Act is designed to protect American workers and regulate the AI industry. It includes a digital ad tax and an AI usage tax. to fund support for workers displaced by AI.

Why is the White House denying a 90‑day diesel export ban amid rising fuel prices?

Amy Morris 2:56
Senator Kelly says now is the time to take action.
Unknown 2:59
You know, I think about this as like being in the space shuttle and the master alarm light is flashing in your face. It's time to act and come up with a plan. And there is the possibility we could have significant job loss. Hasn't come as fast as we thought. However, the technology is moving along and becoming more capable than we anticipated.
Amy Morris 3:20
Arizona Senator Mark Kelly was on balance of power. Stocks are lower as a rally in oil prices stokes more worries about inflationary pressures. We check those markets for you all day long here at Bloomberg. The S&P 500 down seven tenths of a percent. NASDAQ down one point one percent and the Dow down about a half percent. The Philadelphia Semiconductor Index, about 1.5% lower, led by Broadcom, which is about 2.5% lower. And Treasury is set to purchase up to $6 billion of longer-dated government debt as soon as tomorrow. This is part of Treasury Secretary Scott Besson's program to stem the rise in borrowing costs. The Institute of International Finance has criticized the plan, warning that it could provide temporary relief but can't resolve the underlying problem of rising debt.

What details did the FBI reveal about the hack of its jobs website by the Shiny Hunters group?

Amy Morris 4:08
The two-year Treasury yield now at 4.89 percent, the five-year yield right at 5 percent, the 10-year Treasury yield at 5.11 percent, and the 30-year Treasury yield a new high of 5.4 percent.

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