Trump Renews Iran Deal Claims, Knicks Drop Game 3 at MSG, More
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The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.
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News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moskow.
Karen, we begin with the latest developments from the Middle East. Iran and Israel have agreed to stop fighting after a flare-up of missile attacks over the weekend. And now President Trump says peace talks are back on track.
We have ongoing negotiations in Iran and with Iran that hasn't stopped. And we could have at least an idea by one or two days from now.
President Trump spoke with reporters in New York. We get more from Bloomberg's Abir Abu Omar in Dubai.
He said that we could see a deal within a day or two. He said that Prime Minister Netanyahu in Israel had the right to retaliate against Iran's attacks. But what we've seen unfold over yesterday was some escalation. I mean, I would say the most serious escalation since the ceasefire was reached in the beginning of April, especially that escalation. Israel had hit Iran, some plants there, a petrochemical plant where Iranian officials had to evacuate personnel. It had some cities in central Tehran and also western Tehran, leading Iran to also hit northern parts of Israel.
Bloomberg's Abir Abu Omar reports both Israel and Iran are threatening to attack again if either side resumes strikes. Meanwhile, a U.S. Army Apache helicopter went down near the Strait of Hormuz overnight. It's not clear if it was shot or suffered mechanical problems. President Trump says the pilots are fine and a report will be released on the crash later today.
Well, Nathan, former Defense Secretary Lloyd Austin is weighing in on the war with Iran. The Pentagon chief under former President Joe Biden says restoring freedom of navigation through the Strait of Hormuz is key.
Well, certainly the United States Navy could open the Strait of Hormuz and holding it open for a long period of time. would be pretty costly. And so we'd like to see an international effort if that's the case. If we get it open, we want to get allies and partners involved in that.
And former Defense Secretary Lloyd Austin spoke with Bloomberg at the HSBC Gulf Cooperation Council Exchanges Conference in London. Catch the full conversation on our new video hub on the Bloomberg Business app.
I don't want to get you caught up on politics now, Karen, because after nearly a week of vote counting, primary results appear set in the race for California governor. With 83 percent of ballots counted, Decision Desk HQ is projecting Republican Steve Hilton will advance to face Democrat Javier Becerra in the November general election.
What recent developments have occurred in the Middle East?
Right now, Becerra leads with 27.7 percent of the vote. Hilton's in second with 25.1 percent. Democrat Tom Steyer is trailing in third at 22.4. Mail-in ballots are allowed to arrive up to a week after Election Day in California. That's led President Trump to repeat claims the election is rigged.
They voted five days ago and nobody has any idea where the votes are, what's going to happen. And we don't want that. We're not going to allow that to happen to our nation.
How is President Trump involved in the Iran peace talks?
That was President Trump on a telephone rally in Kentucky last night. Many of the late arriving ballots have favored Tom Steyer, but he is ultimately projected to fall short of overtaking Steve Hilton.
Nathan, primary elections continue today with voters heading to the polls in Maine, Nevada, North Dakota, and South Carolina. Bloomberg's Amy Morris reports Democrats may be taking a big risk in Maine.
Graham Plattner is the leading contender for the Democratic nomination to challenge incumbent Republican Susan Collins, but a string of revelations about his behavior may tank his chances.
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