US and Iran Exchange Fire, Jet Blue CEO: Never Say Never, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Ed Kalecki. U.S. and Iranian forces traded fresh attacks overnight at the end of a week that saw the worst flare-up in tension since the shaky ceasefire started and little progress toward an interim peace deal. The U.S. Central Command said it handed off multiple Iranian missiles and drones in the Persian Gulf and responded with attacks on radar sites in the Islamic Republic. There were no reports of damages. Six ballistic missiles fired at Bahrain and Kuwait were intercepted and another failed to reach its intended target hours after four drones headed to the Strait of Hormuz were shot down. CENTCOM added the U.S. military struck Iranian coastal surveillance radar sites in return.
In an interview with Bloomberg at the IATA annual meeting in Rio de Janeiro, JetBlue CEO Joanna Garrity said consumer demand for air travel remains strong despite economic uncertainty. She also said never say never on potential airline consolidation.
Companies need to focus on their organic plan. And when we think about all the time we spent with Spirit trying to get that transaction done, we're looking forward to bringing first class on by the end of the year across our domestic fleet. We've got our lounges opening up. We've got our great partnership with Blue Sky. So you can obviously never say never as a publicly traded company, but we really need to be focused on getting JetBlue healthy again.
JetBlue CEO Joanna Garrity. President Trump teased a big meeting with big AI execs after suggesting the government take stakes in leading AI companies and redistributing some gains to the public. Bloomberg's chief political correspondent and Bloomberg surveillance co-host Anne-Marie Horton weighs in from Wisconsin.
The president has also expressed interest in prior in taking stakes in companies. This isn't new for this president. We've seen this with MP Materials, Lithium Materials, Intel, of course, with that 10 percent stake. There was a golden share as well with U.S. Steel. So this has been kind of the direction of travel. Trump has been willing to take the party.
Bloomberg's Anne-Marie Hordern on Bloomberg this weekend. Trump will likely meet with AI leaders at the White House next week. Several House Republicans joined Democrats to pass a war powers resolution to end the war in Iran, which started almost 100 days ago. Bloomberg's congressional reporter Stephen Dennis has more from Washington.
The real question is money. You know, at some point you need money from Congress. for the Defense Department, for the war. And right now, it's kind of unclear if he's going to get anything close to the $400 or $500 billion increase he wants to help prosecute this war and future wars, potentially. And that's sort of an open question. There's a lot of nervousness, even among Republicans who didn't vote for these war resolutions in the House and the Senate. Bloomberg's Stephen Dennis on Bloomberg this weekend.
President Trump says Iran has no choice but to make a deal with the U.S.
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