Trump Threatens More Iran Attacks, Pentagon Air Issue, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager. President Trump is warning Iran it will be hit very hard again tonight, and he's threatening to take over key oil infrastructure, including Harg Island, in the not-too-distant future. The president posted that threat this morning on social media. Then he went on Fox News to talk about it.
We can walk in there tomorrow. We could take soldiers. I don't want to have boots on the ground, but if I wanted to... We could put a small group of soldiers and take over the whole place. They're finished.
President Trump on Fox News. And we get more from Bloomberg's Tyler Kendall in Washington.
What we're hearing from the administration is that the escalation in both the strikes and now these renewed threats that we got this morning are geared towards trying to force Iran to make concessions when it comes to the negotiating table. Though in an interview with Fox News, President Trump said that his patience is ultimately wearing thin.
Bloomberg's Tyler Kendall in the nation's capital. Treasury Secretary Scott Besant says the U.S. will tap into frozen Iranian assets to pay for any damage the country does to its Gulf neighbors. Besant posted on X, every attack Iran launches will only deepen its economic and financial consequences. Iran has insisted on the return of all of its roughly $24 billion in frozen assets as part of a peace deal. The Defense Department has imposed a shelter-in-place order for part of the Pentagon over an air quality issue. A spokesman says Pentagon systems detected an air quality issue necessitating precautionary measures. The Arlington, Virginia Fire Department says it's responding to a hazardous materials incident inside the building.
CNN had reported that the Pentagon was locked down and some floors have been evacuated. A fight over spy powers is heating up on Capitol Hill. The House has rejected a three-week extension of the Foreign Intelligence Surveillance Act, Section 702. The vote was 198 to 218. President Trump asked for the short-term extension after a backlash over naming Housing Chief Bill Pulte as Acting Director of National Intelligence.
What threats did President Trump make regarding Iran?
House Speaker Mike Johnson sounded doubtful about the measure even before the vote began.
Try to pass that out of the House today. I certainly hope and pray that we will. If the Democrats are not willing to go along, there's nothing I can do.
And after the vote, Speaker Johnson said the president told him he is very close to naming a permanent DNI. Those spy powers are set to lapse at midnight tomorrow without further action. On Wall Street, the clock's ticking toward the biggest IPO of all time. SpaceX plans to raise $75 billion when its stock goes on sale tomorrow. Bloomberg News has learned retail investors alone have put in more than $70 billion in orders. Bloomberg's Bailey Lipschultz reports those mom and pops will only get about 20 percent of the shares.
Retail not only is not price setters, they are price takers. The big question has been what happens when the stock opens tomorrow? Will retail have the capacity to keep buying? And is that something that can bridge the gap from IPO to Nasdaq 100 entry? That's 15 trading days that we don't know what will play out.
That's Bloomberg's Bailey Lipschultz. The price on the SpaceX shares will be official later this afternoon. Shares trading right now on Wall Street are staging a cautious comeback with war worries, whipsawing oil, and earnings from Oracle weighing things down to some extent. But right now, the S&P 500's higher by a third of a percent.
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