US and Iran Prep for Talks, WSJ: Justice Opens NFL Probe, More
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News when you want it with Bloomberg News Now. I'm Nathan Hager. Day two of the ceasefire between the U.S.
What are the latest developments in US-Iran ceasefire negotiations?
and Iran is looking tenuous. Both sides are accusing each other of violating the truce, even as direct talks are still expected to begin this weekend in Pakistan. Golnar Motavali leads Bloomberg's Iran coverage from London.
I don't think any of the sides have said officially that they consider that the ceasefire is... is done. We've heard that the Iranians have said that they believe it's been violated quite aggressively by Israel. They also said that one of their oil refineries was attacked and one of their islands in the Persian Gulf was also attacked after the ceasefire came into effect. And then that's why they were then sending missiles to Kuwait, although there's also a dispute over the timings of these things. But certainly it's a very fragile and delicate situation.
Bloomberg's Golnar Motavali reports Iran's president's calling negotiations meaningless if Israel continues to attack Lebanon. The U.S. says that was never part of the deal. And White House economic advisor Kevin Hassett says he does not expect it to derail talks.
We expect that there'll be a little bit of cleaning up to do in the first couple of days. And so we weren't surprised by what happened yesterday, but we expect that to simmer down.
White House economic advisor Kevin Hassett appeared on Fox Business after yesterday's huge Israeli attack across Lebanon that left more than 200 dead. This morning, Israel's military is warning residents of eight neighborhoods near Beirut to evacuate ahead of more attacks. The Strait of Hormuz remains all but shut down despite the ceasefire, and that has crude oil back on the rise. Brent is up more than 4%, trading just shy of $99 a barrel. West Texas Intermediate's back above $100 at $101.33, a gain of 7.3%. Alaric Nightingale leads our team covering oil trading in Europe for Bloomberg News.
There's clearly a sense that this isn't going to resolve itself overnight. I wouldn't like to put a time frame on it, really. You know, we had the ceasefire, but then yesterday afternoon, you know, there were signs of that wobbling and owners still aren't going through.
Bloomberg's Alrick Nightingale reporting, European leaders have promised to help secure the Strait once the fighting ends. The U.S. is looking for more specifics fast. Bloomberg's Tyler Kendall has more from Washington.
A senior NATO official is telling Bloomberg News that the U.S. wants specific commitments from European allies on this pledge to help secure the Strait of Hormuz to be presented within a matter of days, presumably to help when it comes to these negotiations.
Bloomberg's Tyler Kendall reporting. Now, German Chancellor Friedrich Merz reiterated his country's pledge to help secure the Strait today. Merz says he has spoken with President Trump as well about the future of NATO. The Justice Department has reportedly opened an investigation into anti-competitive tactics at the NFL. This is according to a report in the Wall Street Journal. It says the nature and scope of the probe aren't clear, but media companies and members of Congress have raised concerns in recent months over consumers having a hard time finding their favorite games under limited rights deals with streaming platforms. Fox Corporation shares are rising on the news right now. They are up nearly 3%.
Stocks as a whole are moving lower. The S&P 500 is down about three-tenths of one percent, so is the Dow Jones Industrial Average. The Nasdaq Composite's down almost a half percent. The 10-year Treasury yield is up two basis points to 4.31 percent. We have another big deal in the AI race. CoreWeave says it struck a $21 billion agreement to provide compute power to meta-platforms for the next six and a half years. Anurag Rana covers tech for Bloomberg Intelligence.
It's a big, big commitment by Meta to say that, you know, we are going to invest more in either training the models and being competitive in that area. And they're going out to neoclouds such as Corvi for it.
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