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.
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I'm Monica Ricks. President Trump says U.S. attacks on Iran have now destroyed nine Iranian naval ships and most of Iran's naval headquarters. The president posted the update on True Social, adding, we are going after the rest.
This comes as the Defense Department confirms three US service members have been killed in action and five are seriously injured as a result of attacks on Iran this weekend. US Central Command posting the update to X but didn't give too many details, including where they were killed. We know several others with minor shrapnel injuries and concussions are in the process of returning to duty.
Meantime, key members of Congress are expected to be briefed on the operation. Bloomberg Balance of Power host Joe Matthews says it comes as some lawmakers push for a war powers vote this week to curb the president's authority on future action without congressional approval.
I just wonder how quickly lawmakers could get back to town if leadership decides to do that because that's the democratic demand is that everyone reassemble and get a vote. Which could have happened this week, by the way. There was already a move in that direction as we discussed yesterday. But two New Yorkers, Gregory Meeks and Chuck Schumer, want it done now.
And I'll be very curious to see what happens with the timing here as we learn more about the window of opportunity that presented itself for this raid.
Bloomberg's Joe Matthew on Bloomberg this weekend, and he's talking about reporting there from The New York Times that said the CIA helped pinpoint a gathering of Iranian leaders ahead of Israel's attack on Iran. Iran has formed a council now to govern while picking a new leader to succeed Supreme Leader Ayatollah Ali Khamenei following his death yesterday.
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Chapter 2: What recent actions did the US take against Iranian naval forces?
This morning, OPEC Plus agreed to resume oil production increases next month. Members will add 206,000 barrels a day, up from just 137,000 barrels a day in the fourth quarter. The group's spare production capacity is largely confined to Saudi Arabia and the UAE, though, which together holds about 3 percent of world supplies.
The unrest in the Middle East is also causing widespread flight disruptions now. We get those details from Bloomberg's Dan Schwartzman.
The U.S. and Israeli bombing campaign over Iran and the subsequent retaliation by the Islamic Republic has led to more than 2,300 flight cancellations being recorded in the Middle East, with more than 90 percent of departures from Dubai International Airport being canceled. That's according to flight-aware data.
Some airlines were hit hard with Qatar Airways saying all flights are still halted and that it would provide an update at 9 a.m. on Monday. Emirates, the world's largest international airline, they've suspended flights indefinitely while Etihad extended cancellations until 2 a.m. on Monday.
Chapter 3: How many US service members were affected by the recent conflict?
The UAE's Civil Aviation Authority said it was dealing with 20,000 affected passengers caught up in the disruption. Dan Schwartzman, Bloomberg Radio.
Crypto traders are keeping a close eye on Bitcoin this morning. The token rose as much as 2.2 percent to just over $68,000 after Iran confirmed the death of its supreme leader yesterday. It's now trading at about $66,000 this morning. And six accounts on PolyMarket made around a million dollars in profit by betting on the U.S. to strike Iran by February 28th.
That's according to analytics firm Bubble Maps. It says those accounts were all freshly created last month and had only ever placed bets on when U.S. strikes might happen, with some of their shares purchased just hours before the first explosions were reported in Tehran. The pattern of bets has now raised suspicions of insider trading.
In other news today, OpenAI is defending its deal with the Pentagon. Bloomberg's Ed Kalecki has details.
OpenAI has agreed to deploy its own artificial intelligence models within the Defense Department's classified network after rival Anthropic saw its relationship with the Pentagon implode over surveillance and autonomous weapons concerns.
OpenAI Chief Executive Officer Sam Altman said late Friday that he'd reached an agreement with the department that reflects the firm's principles that prohibit domestic mass surveillance and require human responsibility for the use of force, including for autonomous weapons systems. Bloomberg Radio.
And police say the man who killed three people and injured 14 others at a bar overnight in Austin, Texas, has also died. Officers say they confronted him after arriving at the bar, returned fire and killed him. We still don't know why the man went on that rampage. That's news when you want it with Bloomberg News Now. I'm Monica Ricks and this is Bloomberg.
Meantime, key members of Congress are expected to be briefed on the operation.
The news doesn't stop on the weekends.
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Chapter 4: What are lawmakers considering in response to the military actions in Iran?
Join us every Saturday and Sunday for the new Bloomberg This Weekend. I'm Christina Ruffini. We'll bring you the latest headlines, in-depth analysis, and big interviews. All the stories that hit home on your days off. And I'm Lisa Mateo. Watch and listen to Bloomberg This Weekend for thoughtful, enlightening conversations about business, lifestyle, people, and culture.
On Saturday mornings, we put the past week's events into context, examining what happened in the markets and the world. Then on Sundays, we speak with journalists, columnists, and key political figures to prepare you for the week ahead. Join us as soon as you wake up and bring us with you wherever your weekend plans take you.
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That's Bloomberg This Weekend, Saturdays and Sundays starting at 7 a.m. Eastern. Make us part of your weekend routine on Bloomberg Television, radio, and wherever you get your podcasts.
I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast. Every week, we bring you fascinating conversations with the people who shape markets, investing and business. CEOs, fund managers, billionaires, Nobel laureates, traders, analysts, economists, everybody that affects business.
What's going on in the market, whether you own stocks, bonds, real estate, commodities, crypto, you really need to hear these conversations. Sometimes it's behaviorists like Dick Thaler or Bob Schiller. Sometimes it's fund managers like Peter Lynch, Bill Miller, Ray Dalio. Sometimes it's authors, Michael Lewis, author of The Big Short and Moneyball.
Regardless of the conversation, these are the folks that move markets each week. That's the Masters in Business podcast with me, Barry Ritholtz. Listen on Apple, Spotify, or wherever you get your podcasts.
People who didn't do what John of God wanted them to do, they usually disappeared. John of God was once Brazil's most famous spiritual healer. But in this limited series podcast, we uncover the darker truth behind his global empire of faith and fear. From Exactly Right and Adonde Media, this is Two-Faced, John of God.
Listen on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
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