US, Iran Extend Pause in Strikes, Netanyahu to Meet Trump, More
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This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
I was able to enjoy the victories probably more than if I will not have this issue.
One iconic match.
In my mind was, I am almost dead.
And whether he misses playing.
I don't miss tennis because there was nothing else to offer.
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
News when you want it with Bloomberg News Now. I'm Doug Krisner. For a second straight night, the U.S. paused strikes against Iran. The New York Times reports President Trump has set aside, at least for now, plans to sharply escalate the American military assault. Trump's advisors are concerned about shrinking inventory of military hardware. Here is Maryland Democratic Senator Chris Van Hollen speaking to ABC's This Week.
We have depleted our interceptors, which are the weapons we use to intercept incoming Iranian attacks, which are obviously necessary to protect American troops. And so we are depleting these every day, despite the fact that we could face other potential conflicts around the world.
That is Maryland Democratic Senator Chris Van Hollen speaking on ABC's This Week. There is also some uneasiness within the Trump administration about the prospect of a widening war and alienating key Gulf allies. Over the weekend, the Islamic Republic signaled it was refraining from any retaliatory attacks and Iranian leadership held talks with Oman over the Strait of Hormuz. Now, there is still near total closure of the Strait, and there have been disruptions in the Red Sea as well, both of which have kept tensions high. Meantime, Iran's government is facing some tough choices, including a potential fuel price hike. Here is Victoria Coates of the Heritage Foundation.
I mean, you have an economy in Iran, which is saying it's on life support is a very kind way of putting it. The real is approaching two million for a dollar. It was 30,000 10 years ago. So that gives you some context for that. Their stock market still isn't trading normally. It hasn't since March. Unemployment's estimated around 35, 40 percent. They may have lost as many as three million jobs. And so you look at those metrics and the kind of ongoing pressure from Operation Economic Fury that Secretary Besson initiated. You know, it just can't go on.
That is Victoria Coates from the Heritage Foundation. Israeli Prime Minister Benjamin Netanyahu is set to meet with President Trump in Washington on Tuesday.
Why did the U.S. pause strikes against Iran for a second night?
Netanyahu says he plans to press Trump to keep watch on Iran's nuclear program.
I think when this regime is either toppled or it's sufficiently weakened that it knows it has to end its nuclear program and has to change its course. That's really what President Trump is trying to achieve. And I back his fully.
That is Israeli Prime Minister Benjamin Netanyahu speaking earlier to Fox News. Ukrainian President Volodymyr Zelensky will be meeting with President Trump at the White House on Tuesday. Zelensky will be in Washington to attend the funeral of South Carolina Senator Lindsey Graham. Now, Graham had visited Ukraine just days before his death, and he recently secured support from the Trump administration for expanded sanctions on Russian oil and gas. It will be a busy week of rate decisions from the world's key central banks. It will begin with the Fed's decision on Wednesday. Here's Bloomberg's Andrew O'Day.
What concerns do U.S. advisors have about military inventory and interceptors?
Even as financial markets increasingly predict that borrowing costs will be higher by the end of this year, economists are still expecting the Fed Reserve's next move on interest rates will be a cut. Forecasters in a Bloomberg survey see the U.S. central bank cutting its benchmark rate by a quarter percentage point in the third quarter of next year. While that's later than last month's survey, it contrasts with views from policymakers and investors who have suggested rate hikes may be on the horizon. Andrew O'Day, Bloomberg Radio.
In Germany, police have shot and killed a suspect wanted for a car ramming attack on a pride march in Berlin.
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