US, Iran Trade Fresh Attacks, Trump's Latest Threats, More

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Bloomberg News Now 7 min 10 speakers 5 chapters transcribed 2 months ago
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Francine Lacroix 0:00
I'm Francine Lacroix, an award-winning journalist, and I've got a new podcast, Leaders with Francine Lacroix from Bloomberg Podcasts. I've interviewed everyone from heads of state to fashion icons about the news of the moment. But I've always been curious, who are these people as leaders? I don't think there's one right way to be a leader.
Monica Ricks 0:19
Make decisions. A poor decision is always better than no decision.
Francine Lacroix 0:24
Listen to new episodes every other Monday. Follow Leaders with Francine Lacroix wherever you get your podcasts.
Monica Ricks 0:31
News when you want it with Bloomberg News Now. I'm Monica Ricks. Attacks in Bahrain and Kuwait overnight are now threatening to stop peace talks following more strikes from the U.S. against multiple targets in Iran. Bloomberg's Ed Kalecki has the latest.
Ed Kalecki 0:46
Continued a weekend of tit-for-tat attacks, which led both sides to claim violations of the ceasefire underpinning peace talks. The first American strikes on Friday came in response to Tehran's strike on a container ship on Thursday. But Iran then hit another ship on Saturday. The U.S. hit Iranian military surveillance infrastructure, communication systems, air defense sites, drone storage facilities, and mine layer capabilities. Ed Kalegi, Bloomberg Radio.
Monica Ricks 1:11
For now, U.S. officials say action in the Middle East doesn't constitute a return to major combat operations. But President Trump said on social media there may come a point the U.S. will be forced to, quote, militarily complete the job. Ben Rhodes served as deputy national security advisor under the Obama administration and tells Bloomberg these attacks could continue and jeopardize peace talks as long as Trump keeps making these threats.
Ben Rhodes 1:35
The IRGC are the ones that control the Strait of Hormuz. They're the ones who fundamentally control the Iranian government. And so if something happens, if something is said that they don't like, well, they're going to demonstrate their capacity to shut down the Strait of Hormuz again, which is what they've been doing. And so I think, you know, it's not going to be easy, but unless and until the Trump administration and the president himself can kind of stay off truth social here, I think you might have these kinds of flare-ups.
Monica Ricks 2:01
Former National Security Advisor Ben Rhodes on Bloomberg this weekend. At least 14 people were killed early this morning in Saudi Arabia when a helicopter went down, killing everyone on board. We still don't know what caused that crash, but the Saudi Ministry of Energy confirms the helicopter belonged to Aramco. It's the world's largest oil company, which is majority owned by Saudi Arabia. Time is ticking for rescue workers now in Venezuela to find tens of thousands of people still missing after two powerful earthquakes that have killed at least 1,400 people.

What happened in the latest U.S.-Iran exchanges and where did the strikes occur?

Monica Ricks 2:33
Tony Malwads in Caracas.
Tony Mawad 2:34
We know that there are still tens of thousands of people missing, and we know from within the ruins that people are trapped in the rubble, even sending messages, text messages to their relatives and friends.
Monica Ricks 2:43
International rescue teams continue to join the effort, but the capital's main airport is damaged, which is complicating aid delivery. Two major storms are also pummeling Japan right now causing landslides and floods. And at least four people have died here in the U.S. following dangerous storms in Kentucky this weekend. Governor Andy Beshear.
Andy Beshear 3:03
This is a serious enough situation where I am now signing a state of emergency so that we can deploy even more resources across Kentucky.
Monica Ricks 3:12
Firefighters are also tackling deadly wildfires in Colorado and Utah. Google has now placed limits on Meta's use of its Gemini artificial intelligence models due to computing capacity constraints. Those restrictions have affected Meta's internal projects, and the company's told staff to make more efficient use of AI tokens. Meta has relied on Gemini to automate safety processes, but is now using its new MuseSpark model to reduce its reliance on external models. Minneapolis Fed President Neil Kashkari says interest rates could go higher this year as the central bank tries to tamp down inflation.

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