Stocks Near Records, US Seizes Two 'Dark Fleet' Tankers, More

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What insights does Vanguard provide about bonds?

Unknown 0:00
Today's show is brought to you by Vanguard. To all the financial advisors listening, let's talk bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day. But not Vanguard. At Vanguard, institutional quality isn't a tagline. It's a commitment to your clients. We're talking top-grade products across the board of over 80 bond funds. actively managed by a 200-person global squad of sector specialists, analysts, and traders. These folks live and breathe fixed income. So if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio.
Unknown 0:42
That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation Distributor.
Nathan Hager 0:48
News when you want it with Bloomberg News Now. I'm Nathan Hager. There is the sound of the opening bell from the floor of the New York Stock Exchange with both the Dow Jones Industrial Average and the S&P 500 entering today's session in record territory at the open. The S&P 500 is little change to the upside, a gain of about another point. The Dow Jones Industrial Average is adding to its record gains, up two-tenths of 1% or about 100 points. And the Nasdaq Composite opens, little change to swinging between gains and losses, I think we can say. We'll get back to the market in the moment, but we begin with chases on the high seas. The U.S. military says it has seized a Venezuela-linked ship, formerly known as Bella 1, after a pursuit from the Caribbean into the North Atlantic.
Nathan Hager 1:35
Bloomberg's Simon Casey has been tracking this with the very latest now.
Simon Casey 1:38
It's a Russian-linked vessel, I think we can call it that. It's part of the Shadow Fleet, which many of you know. No, it's part of this global fleet of tankers that are subject to sanctions. Frequently, they turn off their transponders. They literally try to fly under the radar.
Nathan Hager 1:54
Bloomberg's Simon Casey reports U.S. European Command says it seized the vessel, formerly known as Bella 1, for violating U.S. sanctions. U.S. Southern Command says it interdicted another stateless, sanctioned Dark Fleet vessel, the Sophia, in Caribbean waters overnight. On all this, oil is swinging. Right now, West Texas Intermediate is lower by three-quarters of one percent. Brent crude is down three-tenths percent. All this comes after President Trump announced that the U.S. is going to receive up to 50 million barrels of sanctioned Venezuelan crude to be sold at market prices to benefit both countries. Energy Secretary Chris Wright says the U.S. needs to control oil sales to change Venezuela and to reassure U.S.
Nathan Hager 2:36
oil companies concerns.
Chris Wright 2:38
What are the conditions? What are the necessary conditions it would take you to kind of help nudge things along? What are the necessary conditions it would take you to put billions of dollars in to develop fields and build infrastructure? And that's the kind of stuff we're either going to make that happen, make those changes in Venezuela and the capital will flow, or if we can't successfully make those changes in Venezuela, the capital won't flow.
Nathan Hager 3:00
Energy Secretary Chris Wright spoke at a Goldman Sachs energy conference in Miami. And Bloomberg News has learned President Trump plans to meet with energy executives at the White House as soon as tomorrow.

How are the Dow Jones and S&P 500 performing today?

Nathan Hager 3:10
Leaders in Denmark and Greenland are pushing for a meeting with Secretary of State Marco Rubio. That's after the White House said President Trump has not ruled out military force to take over the Arctic territory. Danish Deputy Parliament Speaker Lars Christian Brask says this should not be how allies treat each other.
Lars Christian Brask 3:26
Some common sense. must be applied. We've been a partner with the US for more than 80 years. We have helped them in Afghanistan and in Iraq. And actually, I think the Danish military lost most soldiers per population of any in those wars.
Nathan Hager 3:47
Danish Deputy Parliament Speaker Lars Christian Brask spoke on Bloomberg Television. The Wall Street Journal reports Secretary Rubio told U.S.

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