US-Iran Strikes Paused, Netanyahu to Press Trump on Iran Nuclear, More
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What is the main topic discussed in this episode?
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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. Multiple news outlets are reporting President Trump has set aside, at least for now, plans to sharply escalate the American military assault. Now, Trump's advisers are reportedly concerned about shrinking inventory of U.S. military hardware. Even so, Trump told The Wall Street Journal the U.S. has enough munitions. Here is the U.S. ambassador to the U.N., Mike Waltz, speaking on NBC's Meet the Press.
The president is keeping all options on the table. I've spoken with the negotiators. I've spoken with Secretary Hegseth. What the president is doing right now, as we've seen all along, is giving some talks some space. Talks are ongoing. They're happening at every level, from the more technical aspect of it all the way to the highest levels, of course.
That is U.N. Ambassador Mike Waltz speaking on NBC's Meet the Press. Now, the New York Times reports on uneasiness within the Trump administration about the prospects of a widening war and alienation of key Gulf allies. Over the weekend, the Islamic Republic signaled it was refraining from any retaliatory attacks and Iranian leadership held talks with Oman.
Why were planned U.S. strikes against Iran paused and what reasons are reported?
regarding the Strait of Hormuz. Now, the near total closure of the strait, along with disruptions in the Red Sea, have kept tensions high. And now 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.
What concerns are Trump advisers expressing about U.S. military hardware inventories?
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. 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. 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.
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.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–1:39
2
Why were planned U.S. strikes against Iran paused and what reasons are reported?
1:39–2:29
3
What concerns are Trump advisers expressing about U.S. military hardware inventories?
2:29–6:31
4
How are diplomatic talks and Iran-Oman communications influencing retaliation decisions?
6:31–6:47
Speakers
9 identifiedMore from Bloomberg News Now
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