US, Iran Conflict Widens, BOE Holds, Futures Gain, More

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Bloomberg News Now 7 min 9 speakers 6 chapters transcribed 1 month ago
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What is the main topic discussed in this episode?

Francine Lacqua 0:01
Next week on Leaders, with me, Francine Lacqua. I speak with investor and entrepreneur Amanda Stavely on the boldest deal of her career.
Karen Moskow 0:10
That was bold. That was brave.
Francine Lacqua 0:12
Walking away from Newcastle.
Karen Moskow 0:13
It was the toughest decision I've made.
Francine Lacqua 0:15
And what she's looking for in her next football club.
Karen Moskow 0:19
I just want a challenge, and that's what excites me.
Francine Lacqua 0:22
Listen and watch Leaders with me, Francine Lacqua, on Bloomberg Television or wherever you get your podcasts.
Karen Moskow 0:31
news when you want it with Bloomberg News Now. I'm Karen Moscow.

How did the U.S. respond to Iran's missile attack on a base in Jordan?

Karen Moskow 0:35
The U.S. has struck back at Iran after this week's surprise missile attack on an American military base in Jordan. U.S. Central Command said it hit dozens of targets over a two-hour operation. Israeli Prime Minister Benjamin Netanyahu said President Trump is calling the shots.
Benjamin Netanyahu 0:51
He's got basically three options. One, to indeed succeed in making a deal, two, to continue the blockade, three, to take military action. Anything that will produce the end of Iran's nuclear program is what we want. That's our common goal.
Karen Moskow 1:07
Israeli Prime Minister Benjamin Netanyahu spoke to ABC News, and Bloomberg's Abir Abu Omar reports the interim deal with Iran appears to be a thing of the past.
Abir Abu Omar 1:16
We're seeing new fronts open in this war. So previously it would have been Iran, the United States, but now we're seeing proxies in the region more active. That includes the Houthis in Yemen that have been targeting infrastructure in Saudi Arabia. And that also includes militia in Iraq that has targeted Saudi infrastructure as well.
Karen Moskow 1:37
Bloomberg's Abir Abu Omar reports two LNG tankers caught fire off Egypt's Mediterranean coast after they were apparently hit by drones. There's been no claim of responsibility for that attack. Todd Blanch's nomination to become attorney general has stalled as lawmakers scrapped a planned committee vote today. Key Republicans have demanded more assurances about the settlement of President Trump's lawsuit against the Internal Revenue Service. Republican Senators John Cornyn and Tom Tillis have threatened to withhold their support without more answers from the Justice Department about the controversial settlement. The fast-growing Ebola outbreak has now killed more than 1,500 people in eastern Congo.
Karen Moskow 2:16
That marks a 50 percent increase in around a week. That shows the emergency continuing to outpace response efforts. French authorities gave the go-ahead for 84,000 evacuees forced out by a monster wildfire to go back to their homes in southwest France. It's the strongest sign yet that firefighters are turning a corner in their battle against the flames that have burned an area four times the size of Paris. The Bank of England kept interest rates steady at 3.75%. This says U.K. officials seek to balance the threat from resurgent U.S. around tensions against signs that domestic price pressures are easing more quickly than predicted. The Monetary Policy Committee voted 6-3 in favor of leaving rates unchanged.
Karen Moskow 2:58
Meanwhile, stocks sold off and bond yields surged following yesterday's Fed decision and news conference. Bloomberg's John Tucker has more.
John Tucker 3:07
Fed Chair Kevin Warsh has a credibility problem while acknowledging inflation his Fed refused to hike rates.
Kevin Warsh 3:14
Today, as you know, our committee decided to vote by a 9-3 vote to maintain the target range for the federal funds rate at 3.5% to 3.75%.
John Tucker 3:24
Like a lot of investors, Katie Klingensmith of Elliman Financial was glued to the Warsh news conference.
Carol Masser 3:30
I just scratched my head the entire time.
John Tucker 3:33
The markets are asking, if there's an inflation problem, why isn't the Fed moving? They didn't get an answer.

What did Israeli leaders say about U.S. involvement and Iran's nuclear program?

John Tucker 3:38
Three Fed officials did dissent. So did investors. The Dow plunging over 1,100 points. Bond yields surged to a 19-year high. In New York, I'm John Tucker, Bloomberg Radio.
Karen Moskow 3:50
All right, John, thank you. Watching shares of Microsoft, they're up 9% in early trading as your cloud revenue rose 43% during the fiscal fourth quarter. That's the fastest quarterly growth since early 2022. Chief Financial Officer Amy Hood says she expects growth in the cloud unit to accelerate further.

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