US-Iran Escalate Strikes After Troops Die, World Cup Final, More
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Hi, I'm David Weston.
News when you want it with Bloomberg News Now. I'm Monica Ricks. The U.S. and Iran traded more attacks overnight following the deaths of two American service members in Jordan. Another is still missing there. Bloomberg Middle East reporter Dan Williams has the latest now from Jerusalem.
Now and obviously the sight of those American casualties bringing the American death toll in this war to 16 and certainly ramping up expectations in the United States in the administration that the U.S. response should be severe and may actually be designed to spiral even further.
Dan Williams on Bloomberg this weekend. President Trump has said he, quote, couldn't care less about a memo of understanding with Iran, emphasizing that the mission of this war is still crucial to keep Iran from having a nuclear weapon. Russia unleashed what Ukraine's now calling the largest ballistic missile barrage aimed at Kyiv since the start of Russia's invasion more than four years ago. Those attacks killed at least one person overnight and injured 16 others. It comes as protests continue in Ukraine over President Volodymyr Zelensky's latest defense decisions. He fired a defense minister this week credited with developing the drone technology used against Russia and appointed a new prime minister to prepare Ukraine for another winter of war.
A Cuban dissident and famous artist has been freed after five years locked up in Havana. Luis Manuel Otero Alcántara arrived in Miami yesterday as Cuba faces ongoing pressure from the Trump administration. Secretary of State Marco Rubio welcomed him and asked for the immediate release of hundreds more political prisoners. The countdown to kickoff is on for the World Cup final between Spain and Argentina today in New Jersey, where Mother Nature helped improve the air quality a bit this weekend with heavy rain. But forecasters say concerns aren't totally gone, as hundreds of wildfires still burn in Minnesota and Canada. Ontario Premier Doug Ford.
We're doing absolutely every resource we can possibly throw at this, including bringing people in from Alberta, firefighters and water bombers from the Yukon and any other jurisdiction that's willing to help.
Smoke's been suffocating millions of people in more than a dozen states for days now. By the way, it's not just Spain and Argentina on the pitch today. A few other players have a lot riding on this final. Bloomberg's Charlie Pellett explains.
Adidas is set to score a decisive marketing win over Nike at this weekend's final, and that optimism is already being reflected in the German sportswear maker's stock. With finalists Spain and Argentina both wearing Adidas jerseys, the company's guaranteed prime on-pitch exposure regardless of who wins. A victory for Argentina could bring an additional windfall should it fuel a fresh wave of demand for the team's iconic blue and white jerseys. In New York, Charlie Pellett, Bloomberg Radio.
Prediction market trading has also surged about 27% during this World Cup, far outpacing the growth at traditional sports books. In fact, Calchi has repeatedly broken its own trading records during this tournament, doubling the peak it hit during the New York Knicks playoff run. Walmart has removed at least four iceberg lettuce products manufactured by Taylor Farms from its shelves this weekend.
What happened after two U.S. service members died in Jordan and how did U.S.-Iran strikes escalate?
The retailer says there's no indication these products are affected by a current cyclospora outbreak, but it is taking precautions as recalls expand nationwide. Aviation leaders are headed to the UK tomorrow for the Farnsborough International Air Show, where they're set to discuss everything from rising fuel prices to geopolitical pressures. Bloomberg's Benedict Campbell will be there and has more now from London.
This is one of the big annual air shows that takes place every year. And what it is, is essentially a big sort of conclave of global aviation space and defense. So you'll have companies like Boeing, like Airbus, like Honeywell, GE, they're all going to be there.
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