US Fires on Oil Tanker, Apple Announces Stand-Alone Siri, More

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Bloomberg News Now 7 min 7 speakers 4 chapters transcribed 3 months ago
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What is the main topic discussed in this episode?

Unknown 0:00
The Big Take podcast from Bloomberg News keeps you on top of the biggest stories of the day. My fellow Americans, this is Liberation Day. Stories that move markets. Chair Powell opened the door to this first interest rate cut. 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.
Amy Morris 0:32
News when you want it with Bloomberg News Now, I'm Amy Morris. CENTCOM says U.S. forces have fired on a ship in the Gulf of Oman, disabling it. They say the vessel was an oil tanker trying to sail to an Iranian port, violating the blockade against Iran. U.S. forces have so far redirected 134 ships in the Iran blockade. Israeli Prime Minister Benjamin Netanyahu says the Israeli military is holding their fire in Iran for now. But Israel and Iran traded fire in their first attack since the U.S. struck a ceasefire with Tehran two months ago. That's threatening to drag the Middle East back into a full-scale war. Bloomberg's Ethan Brawner reports that the fighting has implications for those interim peace talks with Iran.
Ethan Bronner 1:13
There is definitely the sense that Trump wants it to end. He has his own election, midterm elections coming up in November. And of course, prices of fertilizer and oil and all kinds of inflationary impact that this war has had. But he at least has says he's also very eager to make sure that Iran doesn't have a new
Amy Morris 1:34
clear weapon. Bloomberg's Ethan Bronner reporting from Tel Aviv and WTI crude oil now topping $91 a barrel. Brent crude oil now approaching $95 a barrel. As the standoff in the Strait of Hormuz drags on and gasoline prices remain high, President Trump's approval ratings have slumped near the lowest he's ever had. Southwest Airlines COO Andrew Watterson says business travel is really strong. Demand has held up despite the higher costs from the impact of the war in Iran. We've not seen any change in business travel. If anything, it's an acceleration in March versus February. So businesses are out traveling themselves trying to generate the revenue they need for the higher cost environment. Southwest Airlines COO Andrew Watterson spoke with Bloomberg on the sidelines of the IATA conference in Brazil.
Amy Morris 2:19
There are other geopolitical conflicts. Former Defense Secretary Lloyd Austin says that's why NATO isn't just relevant.

What recent events occurred involving US forces and an oil tanker?

Lloyd Austin 2:26
We have an interest in a transatlantic cooperation. Europe has an interest in transatlantic cooperation. So it's important to both of us. I am hopeful and somewhat confident that NATO will not only sustain itself, but continue to grow.
Amy Morris 2:40
Former U.S. Defense Secretary Lloyd Austin spoke to Bloomberg at the HSBC Gulf Cooperation Council Exchanges Conference in London. International Monetary Fund Managing Director Kristalina Georgieva says the world needs to build foundations that can withstand shocks that have become more frequent. She noted that the spread of artificial intelligence is a major transformation, and she wants to make sure the IMF pays attention to any inequities that could come from it.
Lloyd Austin 3:06
There are things you cannot influence, but... How you take care of your own country, how you build the foundation to withstand these shocks, it is in your hands.
Amy Morris 3:19
The IMF will update its outlook for the global economy in July. Apple investors have been waiting for the company to make a big splash with artificial intelligence. Bloomberg's Ed Ludlow is at the Worldwide Developers Conference in Cupertino, California, where Apple is announcing a standalone Siri app.
Ed Ludlow 3:36
Something it can... to ChatGPT or the Claude app where you are capable of conducting multi-step tasks, something more agentic. Bloomberg's reported that it will be Google's Gemini model that underpins at least this initial new era of Siri, all told, and an important moment of transition for the company.

How are Israel and Iran's military actions affecting regional stability?

Ed Ludlow 3:55
But Siri needs to work.
Amy Morris 3:57
Bloomberg's Ed Ludlow on balance of power from the WWDC conference in Cupertino, California.

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