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Chapter 1: What is the main topic discussed in this episode?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made. And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast. We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going. From Brussels, I'm following the politics, policy and the people shaping the European Union right now. And from London, I'm looking at what all that means for markets, money and the wider economy. We've got reporters across Europe and around the globe feeding in as stories break.
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens. It's smart, calm and to the point. And it fits into your morning. You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts. News when you want it.
With Bloomberg News Now, I'm Doug Krisner. President Trump says the U.S. will keep up its military offensive against Iran for as long as it takes. Speaking publicly for the first time since U.S. and Israeli attacks began on Saturday, Trump outlined his goals for the operation. Our objectives are clear. First, we're
destroying Iran's missile capabilities, and you see that happening on an hourly basis, and their capacity to produce brand-new ones, and pretty good ones they make. Second, we're annihilating their navy. We've knocked out already 10 ships there at the bottom of the sea. Third, we're ensuring that the world's number-one sponsor of terror can never obtain a nuclear weapon.
Now, Trump said the administration planned on a four to five week long campaign, and he said it's now ahead of schedule. Meantime, U.S. Secretary of State Marco Rubio said the hardest hits are yet to come. The next phase will be even more punishing on Iran than it is right now. Someone was screaming, how long will it take? I don't know how long it'll take. We have objectives.
We will do this as long as it takes to achieve those objectives, and we will achieve those objectives. The world will be a safer place when we're done with this operation. Earlier today, Defense Secretary Pete Hegseth said the campaign will not lead the U.S. into an endless war.
And so President Trump ensures that our enemies understand we'll go as far as we need to go to advance American interests. But we're not dumb about it. You don't have to roll 200,000 people in there and stay for 20 years. Now, so far, six U.S. service members have been killed in this action, and Trump said there will likely be more casualties. But he insisted the operation will ensure U.S.
security well into the future. In Saudi Arabia, the Ministry of Defense says it intercepted and destroyed eight drones believed to have been fired from Iran toward Riyadh and Al-Karj. Now, Al-Karj houses the Prince Sultan U.S. Air Base. This incident follows an earlier attack by two drones on the U.S. Embassy in Riyadh.
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Chapter 2: What recent military actions has Trump outlined regarding Iran?
Rafael Grossi is the director general of the IAEA. At some point, this will come to an end, hopefully sooner rather than later. And when that happens, you will still have a question mark around these activities. these nuclear activities. And we will have to go back to the negotiating table. This is what we mean when we say we need a diplomatic solution. That is Rafael Grossi.
He is the director general of the IAEA. JPMorgan Chase CEO Jamie Dimon says there is more optimism in the market than there should be, given all the risk. Dimon also thinks the probabilities of something going south are more than other people think. And he said inflation will cause an economic downturn. Asset prices are kind of high, credit prices are kind of low.
It's got a lot of complacency in the market. I'm not sure, you know, we look at risk, we look at the broad range of outcomes, and there are negative outcomes, but one of them would be, you know, inflation. I call that's the skunk of the party. That is JPMorgan Chase CEO Jamie Dimon speaking earlier to Bloomberg.
Chapter 3: What are the objectives of the U.S. military campaign against Iran?
In Texas, several incumbent lawmakers are at risk of losing their jobs in the first congressional primary of the 2026 election. Here is Bloomberg's Amy Morris in Washington. On the House side, Representatives Tony Gonzalez and Dan Crenshaw are vulnerable because of personal scandal, and they've antagonized some Republicans.
But after Republican legislators redrew congressional lines in Texas, Democrats Al Green and Julie Johnson are also at risk of losing their seats. But in the Senate, Republican John Cornyn, who has two decades in the Senate, faces a challenge from Texas Attorney General Ken Paxton, who brings with him legal and personal controversies. Cornyn telling the Washington Post...
that he cannot, in good conscience, turn the job over to somebody as corrupt as Paxton. In Washington, Amy Morris, Bloomberg Radio. And that is news when you want it. With Bloomberg News Now, I'm Doug Krisner, and this is Bloomberg. This is Tom Keen inviting you to join us for the Bloomberg Surveillance Podcast. It's about making you smarter every business day. I'm Paul Sweeney.
We bring you complete coverage of the U.S. market open. We cover stocks, bonds, commodities, even crypto. All the information you need to excel. And I'm Alexis Christophorus. Bloomberg Surveillance also brings you the analysis behind the headlines. We do that through conversations with the smartest names in economics, finance, investment, and international relations.
We do all this live each and every weekday, then bring you the best analysis in our daily podcast. Search for Bloomberg Surveillance on Apple, Spotify, YouTube, or anywhere else you listen. On the East Coast, listen at lunch. And on the West Coast, listen as soon as you wake up. That's the Bloomberg Surveillance Podcast with Tom Keen, Paul Sweeney, and me, Alexis Christophorus.
Subscribe today, wherever you get your podcasts. Bloomberg Surveillance, essential listening each and every business day. Hello, I'm Michelle Hussein, and for more than 20 years, I was at the BBC. But all the time I was delivering the headlines, I wanted to go further than the news of the day, to spend more time with the people shaping our world. And that's what I'm doing here on this podcast.
Speaking to people from Nigel Farage to tech journalist Cara Swisher. And the tech industry is running wild. You know, they've gotten what they wanted and they've seen a huge run up in their stock prices. This will be a place where every weekend you can count on one essential conversation to help make sense of the world.
So please join me, listen and subscribe to the Michelle Hussain Show from Bloomberg Weekend, wherever you get your podcasts. You certainly ask interesting questions.
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