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Bloomberg News Now

US Complete New Iran Strikes, Knicks Historic Win

11 Jun 2026

Transcription

Transcript generated automatically by AI and may contain errors.

Chapter 1: What is the main topic discussed in this episode?

0.031 - 4.903 James Walcock

The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day.

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5.304 - 8.552 Unknown

My fellow Americans, this is Liberation Day.

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8.993 - 10.216 James Walcock

Stories that move markets.

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10.496 - 14.326 Unknown

Chair Powell opened the door to this first interest rate cut.

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14.526 - 36.65 James Walcock

Impact politics. Change businesses. This is a really stunning development for the AI world and how you think about your bottom line. Listen to The Big Take from Bloomberg News every weekday afternoon on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts. News when you want it with Bloomberg News Now. I'm James Woolcock.

36.67 - 38.053 Caroline Hepker

And I'm Caroline Hepker.

38.152 - 54.33 James Walcock

The US says it has carried out multiple strikes on targets in Iran after President Donald Trump accused Tehran of dragging out talks on an interim peace deal. The attacks come just 24 hours after earlier US strikes launched in retaliation for the downing of an American Apache helicopter.

54.85 - 70.651 James Walcock

In an interview with Fox News, Trump said he had spoken directly with senior Iranian officials and warned that the US would carry out further strikes on Thursday unless Iran's leadership agreed to sign a deal. William Roebuck is executive vice president of the Arab Gulf States Institute.

71.452 - 81.169 William Roebuck

He wants a deal that's better than what President Obama got or what Biden looked at. He thinks the JCPOA was a bad deal and he's gone to war over it.

Chapter 2: What recent military actions has the US taken against Iran?

223.338 - 238.057 Caroline Hepker

Protesters have clashed with police in Belfast overnight as UK politicians blame extremists online and Elon Musk for promoting unrest. Northern Ireland's First Minister, Michelle O'Neill, says that some are encouraging hatred.

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239.679 - 249.632 Unknown

These bad actors are actually using what's happened on Monday night and playing to people's fears and orchestrating this whilst they're set cosy in their homes and encourage all these other people to go out onto the streets.

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250.085 - 267.191 Caroline Hepker

O'Neill was joined by a range of politicians in pointing to social media as a catalyst for the violence, which started after a video of a stabbing circulated online. Liberal Democrat leader Ed Davey called for a crackdown on social media and quote tech billionaires fueling hatred.

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267.612 - 277.307 Caroline Hepker

Elon Musk has repeatedly amplified both far right UK politicians and calls for mass deportations on his platform in the past few days.

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277.473 - 287.348 James Walcock

OpenAI says China has been using chat GPT accounts to attempt to stir up local opposition to data centres in the US. Bloomberg's Ewan Potts has the details.

287.817 - 307.255 Ewan Potts

OpenAI says it's found a cluster of chat GPT accounts originating from China that used AI to create English-language social media posts about data centres raising the cost of electricity for Americans. The start-up says the accounts were likely linked to a private, unnamed Chinese technology company doing work for Chinese provincial-level government clients.

307.915 - 317.824 Ewan Potts

OpenAI says the postings did not have a wide reach, but they raised concerns about foreign attempts to undermine a strategic US industry. In London, I'm Ewan Potts, Bloomberg Radio.

317.804 - 341.753 Caroline Hepker

And finally, some sports news. The New York Knicks are on the brink of the first championship win since 1973 after beating the San Antonio Spurs by one point. Their one point victory featured an NBA finals record, a 29 point comeback culminating in the last few seconds of play. And here are the final few seconds as heard on ABC.

Chapter 3: What are the implications of Trump's statements on US-Iran relations?

342.273 - 357.042 Unknown

No timeouts left. They have to get it in. Harper loves it inside. Castle hasn't lost it. That's it. It's over. The greatest comeback in NBA playoff history. The Knicks pull off a miracle comeback.

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358.253 - 380.253 Caroline Hepker

The team now has a 3-1 lead in the NBA finals and needs one more win to clinch victory. Yes, it would be the first victory in 53 years. So that is a look at some of our top stories for you today. Let's see what the markets are doing then. A few minutes into European trading, stocks are nudging a little bit higher ahead of the ECB rate decision.

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380.293 - 402.336 Caroline Hepker

The euro is stronger against the dollar, a tenth of 1%, 1.1546. FTSE 100 is up two-tenths of 1%. You've had Money coming out, though, of Asia stocks. The KOSPI did manage a gain of about four-tenths of 1%. But elsewhere, you see the MSCI Asia Pacific Index down four-tenths. Stock futures for the U.S. in the green up seven-tenths for NASDAQ futures.

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402.416 - 417.032 Caroline Hepker

Ten-year yields in Europe are totally flat for German yields, 3.07. Oil prices, Brent crude futures seem to have stabilized somewhat with more strikes between the U.S. and Iran, $93.50 in the battle. Those are the markets.

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417.012 - 420.896 James Walcock

That's news when you want it with Bloomberg News Now. I'm James Walcock.

421.157 - 423.619 Caroline Hepker

I'm Caroline Hepke. And this is Bloomberg.

427.183 - 431.668 James Walcock

The Big Tick podcast from Bloomberg News keeps you on top of the biggest stories of the day.

432.068 - 435.332 Unknown

My fellow Americans, this is Liberation Day.

435.752 - 437.234 James Walcock

Stories that move markets.

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