Spain Wins World Cup, US-Iran Strikes Escalate, More

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Bloomberg News Now 7 min 10 speakers 5 chapters transcribed 2 months ago
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Francine Lacqua 0:00
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
Rafa Nadal 0:08
I was able to enjoy the victories probably more than if I will not have this issue.
Francine Lacqua 0:13
One iconic match.
Rafa Nadal 0:15
In my mind was, I am almost dead.
Francine Lacqua 0:19
And whether he misses playing.
Rafa Nadal 0:21
I don't miss tennis because there was nothing else to offer.
Francine Lacqua 0:24
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
Doug Krisner 0:32
News when you want it with Bloomberg News Now. I'm Doug Krisner. Spain has won the 2026 FIFA World Cup, defeating Argentina in extra time 1-0. Spanish striker Ferran Torres was the lone goal scorer, striking just 40 seconds after the start of extra time. This is Spain's second World Cup championship and their first since 2010. Overnight, the U.S. and Iran traded military strikes following the deaths of two American service members in Jordan. Now, another is still missing, and after a search, U.S. Central Command says unidentified remains have been found and the verification process is underway. At the same time, Central Command says a third service member was killed this weekend and another injured in northern Iraq as a controlled detonation of an unexploded Iranian attack drone was taking place.
Doug Krisner 1:23
Bloomberg's Dan Williams covers the Middle East.
Dan Williams 1:26
The Americans seem to be hitting more and more inland in Iran and also in the Strait of Hormuz, which obviously is the choke point, is the focus of this latest flare-up. I think historians will look back at this and may even call this the War of Hormuz rather than the Iran War. It would seem that Iran and the U.S. want to have the final say as to who does and, more importantly, does not control and call the shots.
Doug Krisner 1:53
That is Dan Williams speaking on Bloomberg's This Weekend. Now, early on Sunday, Tehran targeted U.S. forces in Kuwait as well as an oil facility and a power plant. This was one of the worst waves of retaliatory attacks by Iran since the conflict began. Senator Mark Warner is critical of the conflict and the associated cost. This is what happens when you start a war of choice. And as a member of the Gang of Eight, I can say unequivocally there was no imminent threat from Iran. You start a war of choice without a plan. That was Democratic Senator Mark Warner from Virginia speaking on CBS Face the Nation. President Trump is calling on Congress to add Iran to a bipartisan Russia sanctions bill. That bill was originally authored last year by the late Senator Lindsey Graham.
Doug Krisner 2:42
Now, in adding Iran, this bill would put more economic pressure on countries that buy Iranian oil and natural gas. Meantime, Gulf countries are now rerouting oil flows away from the Strait of Hormuz.

How did Spain secure the 2026 FIFA World Cup victory over Argentina?

Doug Krisner 2:55
Iraq is now using a fleet of trucks to carry oil through Syria. Now, that process can take up to four days to reach Syria's Mediterranean ports. In the last several months, Syria has gone from shipping no fuel to making up more than a quarter of Middle Eastern volumes. In China, Moonshot AI is preparing for a public listing, and as early as six months, we are told Moonshot is in the process of wrapping up a funding round that may value the three-year-old startup at more than $30 billion. Here is Bloomberg's Bailey Lipschultz.

Who scored the extra-time winner and what was the goal timeline?

Bailey Lipschultz 3:30
I think we've been expecting DeepSeek, the other well-known Chinese AI company, is targeting an IPO in mainland China early next year. So it does seem like the kind of table has been set for these two companies to raise money. But kind of keeping in mind 30 billion private round, 70 billion private round, even if they raised large IPOs and those would be big IPOs in a normal year, when you compare that to SpaceX's $86 billion IPO and you compare that to what we're expecting from Anthropic and OpenAI,
Doug Krisner 3:58
Bailey Lipschultz on Bloomberg this weekend. Now, demand for Moonshot's latest AI model, Kimi K3, was said to be so great over the past 48 hours that the company temporarily paused new subscriptions. The world's second largest air show kicks off this week, the Farnborough International Air Show in Hampshire, UK.

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