Trump Says US “Semi-Negotiating” With Iran, Netanyahu Rejects Hamas Proposal, More

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What is the main topic discussed in this episode?

Elise Hugh 0:00
Add a little curiosity into your routine with TED Talks Daily, the podcast that brings you a new TED Talk every weekday. In less than 15 minutes a day, you'll go beyond the headlines and learn about the big ideas shaping your future. Coming up, how AI will change the way we communicate, how to be a better leader, and more. Listen to TED Talks Daily, wherever you get your podcast.
Karen Moskow 0:24
News when you want it with Bloomberg News Now. I'm Karen Moscow.

What does President Trump mean by the US “semi‑negotiating” with Iran?

Karen Moskow 0:28
President Trump said the US is only semi-negotiating with Iran and he's willing to let economic pressure build rather than order new attacks. The president told Axios he's quote low-keying it with Tehran on the Strait of Hormuz. Iran's foreign minister Abbas Arrachi says his country is negotiating with Oman.
Unknown 0:50
Our negotiations with Oman concerned the establishment of new maritime routes through the Strait of Hormuz. These talks have progressed well, and I can say that we are in the final stages.
Karen Moskow 0:59
And Foreign Minister Abbas Arachi spoke through an interpreter. Over the weekend, Iran also replaced one hardliner with another as the country's top security official. Mosin Rezahi is a former commander-in-chief of the Islamic Revolutionary Guard Corps. He's been pushing for full Iranian control of the Strait of Hormuz.

How is the Pentagon urging defense contractors to shift production away from the current conflict?

Karen Moskow 1:18
The Pentagon is pushing major defense contractors to speed production amid concerns about war-related weapons. In a letter seen by Bloomberg, Deputy Defense Secretary Steve Feinberg tells Boeing, Lockheed, Martin, and RTX to focus on programs beyond those related to the current conflict. Becca Wasser is defense lead at Bloomberg Economics.
Becca Wasser 1:40
These are steps in the right direction. Are any of these weapons going to materialize tomorrow? Absolutely not. But all of this is needed if there is going to be a sea change in how the US defense industry operates.
Karen Moskow 1:53
Bloomberg Economics Defense Lead Becca Wasser appeared on Bloomberg this weekend, heard each Saturday and Sunday at seven A. M.

Why is Israel rejecting the US‑backed proposal to disarm Hamas?

Karen Moskow 1:59
Wall Street time on Bloomberg Radio and Television and the Bloomberg Business App. Israel is rejecting a proposal by US backed mediators for disarming Hamas. The US plan calls for Hamas to lay down arms in tandem with the gradual withdrawal of Israeli troops. Begin war with Bloomberg's Dan Williams in Jerusalem.
Dan Williams 2:19
What the Israelis are saying now is they're rejecting that. They want a full, uh, verified disarmament of Hamas, and also um they have no interest in a Palestinian state. This is not something that should come as a surprise to anyone, not least as the Israeli election is in October. Netanyahu is running to extend his already record term. He needs to prevent right-wing and far right votes from hemorrhaging. and he had received some blowback in his cabinet from far right partners about this roadmap.

What are the key takeaways from the upcoming primary elections in the Upper Midwest?

Dan Williams 2:49
What he's doing is hardening his rhetoric, while not necessarily torpedoing the roadmap,
Karen Moskow 2:53
And that's Bloomberg's Dan Williams who says the Board of Peace described the roadmap as its deal with Hamas rather than with Israel. Progressive candidates for governor in Wisconsin and US Senate in Minnesota are making their final pushes ahead of tomorrow's primary election. Democratic incumbents in Connecticut are also trying to fend off progressive challengers. The primaries come a week after Progressive Abdul Al Sayyid narrowly defeated Democratic Representative Haley Stevens in Michigan's divisive and costly US Senate primary. The UK and France are bracing for the fifth heat wave of the season. This is adding to an intense stretch of hot weather that has repeatedly sent temperatures soaring across Europe since May.
Karen Moskow 3:34
Turning to the markets, futures they are mostly higher this morning, to little change following another record close on Wall Street. The SP 500 is coming off its best week since April. This morning, JP Morgan's strategists raised their year.

How are global markets reacting to the latest Wall Street record and commodity moves?

Karen Moskow 3:48
And S P five hundred target to eight thousand. That's a three percent increase from the index's current level. The yen underperforming all its group of ten peers this month as the boost from a recent intervention phase.

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