Russia Frees Ailing Fmr. Marine, Hormuz Deal Said 'Close,' More
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What major headlines does Bloomberg News Now open with in this episode?
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News when you want it with Bloomberg News Now. I'm Nathan Hager. Russia has reportedly freed a former U.S. Marine who had been held in the country since January of 2022. Robert Gilman was sentenced to four and a half years in prison on a charge of kicking a police officer while intoxicated. That sentence was extended to 10 years. Multiple outlets are reporting Russian President Vladimir Putin pardoned Gilman today on humanitarian grounds. Gilman's family maintained the charges were false and he was near death after months of torture in prison. Pakistan is signaling the U.S. and Iran are close to some sort of arrangement over the Strait of Hormuz. The foreign minister says, quote, things are shaping up in favor of peace, even as President Trump raised the stakes with new demands on Tehran. Bloomberg's Patrick Sykes has more from Istanbul. And it's notable, I think, that he pointed to history as part of that. He wants compensation.
for all the people that have been killed with these roadside bombs over the course of decades. He put out 50 years killing of protesters and so on. Bloomberg's Patrick Sykes reporting from Istanbul. Iran's semi-official Fars news agency is reporting Pakistan's interior minister will meet with his Iranian counterpart in Tehran today. Meantime, a new Bloomberg economics analysis shows the U.S. is running dangerously low on key munitions used during the Iran war. The analysis from Bloomberg's Becca Wasser and Courtney McBride says the Pentagon's stocks of hard-to-replace air defense interceptors are critically low, while long-range missile supplies are, in their words, under pressure. On all these developments, Brent crude is moving higher now, up about a half percent at $88.20 a barrel. West Texas Intermediate's up a half percent as well, at around $82.50.
How are oil prices and U.S. stock indices shifting in today's market update?
And stocks are moving a bit lower now. The S&P 500 is down about four points. The Dow Jones Industrial Average is lower by about 10 points. The Nasdaq Composite is down two-tenths of 1%. And the 10-year Treasury Yield is down about two basis points at 4.68%. The search for survivors continues in western Colombia after yesterday's magnitude 7.4 earthquake. The death toll is up to at least 181 and rising as rescuers race to find people trapped in rubble. More than 3,600 are still missing. Colombian President Abelardo de la Espriella posted on X he will head to the hardest hit coffee growing region of his country today. Back in this country, it's primary day in six states, and the debate over the Democratic Party's direction is playing out in the governor's race in Wisconsin. Bloomberg's Kayleigh Lines has more from Washington. There is a Democratic socialist who right now appears like she could be the frontrunner, Francesca Hong.
who, of course, is a very progressive former chef who has kind of skyrocketed in terms of popularity in the state of Wisconsin. She looks like she may come out on top of former Milwaukee County or current Milwaukee County executive David Crowley. And that could be a real test of the pull of socialism, the shift of the party, the Democratic Party, more toward the left.
Bloomberg's Kayleigh Lyons reports a progressive and a moderate are also squaring off in Minnesota's Democratic Senate primary. Left-wing Lieutenant Governor Peggy Flanagan is taking on centerist Congresswoman Angie Craig. In South Carolina, 10 Republicans are running to replace the late Senator Lindsey Graham in a special election for South Carolina's November ballot. And Democrats are making a new push to take on Republican Congressman Max Miller in Ohio.
Why is progressive candidate Francesca Hong considered a test for the Democratic Party in Wisconsin's governor race?
as he vows to stay in his race despite domestic violence accusations. The New York Times reports the Democrats' congressional campaign arm has added Miller's opponent Brian Poindexter to its list of candidates it thinks can flip a red seat blue. The move could mean a lot more campaign cash in that Ohio congressional race.
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Chapters
4 chapters
1
What major headlines does Bloomberg News Now open with in this episode?
0:00–2:07
2
How are oil prices and U.S. stock indices shifting in today's market update?
2:07–3:48
3
Why is progressive candidate Francesca Hong considered a test for the Democratic Party in Wisconsin's governor race?
3:48–5:32
4
What prompted the White House to rescind the TikTok ban for federal employees?
5:32–7:17
Speakers
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