Search Effort Underway for Missing US Airman, Iran Attacks, More
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News when you want it with Bloomberg News Now. I'm Monica Ricks. The U.S. search continues for a missing crew member from an F-15E fighter jet shot down by Iran Friday as Tehran continues its attacks on Gulf Arab states and Israel. President Trump says the loss won't alter negotiations to end the war, but Axios political reporter Mark Caputo tells Bloomberg it really depends on a number of factors.
We have no evidence as to what's going to happen if the pilot is killed or the crew member, I should say, if the crew member is held hostage or if the crew member is rescued. Three very different scenarios that can affect very differently how Iran deals with the United States and therefore how the United States deals with Iran.
Axios reporter Mark Caputo on Bloomberg this weekend. As for how this airman could be doing, former Assistant Secretary of State for Political and Military Affairs Brigadier General Mark Kimmett tells us they get plenty of training for this exact scenario.
Don't try to be brave. Try to hide. Try to find the right time to contact your rescue team. But first and foremost, get yourself in a place where you can't be found and don't don't attract anything other than those aircraft that are coming to save you.
Iran has offered a bounty for that crew member. The other pilot was safely rescued. A second U.S. combat plane also crashed in the Persian Gulf the same day. It marks a significant blow for Washington as the war enters its sixth week. Meantime, French President Emmanuel Macron is now calling on medium-sized powers to join forces and stand up to the U.S. and China. Among other issues, Macron discussed maritime security in the Strait of Hormuz and pitched closer cooperation with countries like Japan and South Korea, who Macron says are badly suffering from high energy costs. U.S. job growth rebounded in March, which is a sign the labor market was stabilizing as the war in Iran started. Economists expect the war to have more of an impact on future jobs reports if the conflict continues.
But for now, economist Stephanie Roth tells Bloomberg the market's stable.
Over the summer, you might start to see a little bit more loosening because that's when you tend to get people come into the labor market after they finish school. And it's an environment where it's very hard to absorb new entrants, especially those that are younger and tend to be competing with A.I.
Stephanie Roth with Wolf Research on Bloomberg Surveillance. White House National Economic Council Director Kevin Hassett also told Bloomberg he doesn't think companies will have to revise their annual forecasts much. But airlines may be a different story. Lufthansa is now warning of possible fuel shortages should the conflict in the Middle East turn into a longer war. The airline says availability is already difficult at some airports in Asia. And Europe's biggest aviation group said last week that it's considering plans that include grounding planes if demand drops and fuel prices keep surging. Brent crude is over $109 a barrel, and a significant portion of jet fuel shipments are still stuck in the Strait of Hormuz.
Many Americans are also rethinking their travel plans now due to this war.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–3:55
2
What is the latest update on the search for the missing US airman?
3:55–4:52
3
How is the situation in Iran affecting US negotiations?
4:52–5:46
4
What scenarios could unfold if the missing crew member is captured?
5:46–6:57
5
What training do US airmen receive for emergency situations?
6:57–7:46
Speakers
8 identifiedMore from Bloomberg News Now
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