US Strikes Iran, Lindsey Graham Dies From Aortic Rupture, More

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Bloomberg News Now 8 min 10 speakers 5 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

Francine Lacqua 0:00
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
Rafa Nadal 0:08
I was able to enjoy the victories probably more than if I will not have this issue.
Francine Lacqua 0:13
One iconic match.
Rafa Nadal 0:15
In my mind was, I am almost dead.
Francine Lacqua 0:19
And whether he misses playing.
Rafa Nadal 0:21
I don't miss tennis because there was nothing else to offer.
Francine Lacqua 0:24
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
Doug Krisner 0:32
News when you want it. With Bloomberg News Now, I'm Doug Krisner. The U.S. began launching more strikes against Iran as of 5 p.m. Eastern time on Sunday. The aim, according to U.S. officials, was to degrade Iran's ability to attack ships in the Strait of Hormuz. Now there have been conflicting declarations over whether the Strait remains open to shipping. Bloomberg's Abir Abu Omar is covering the conflict from Dubai.
Abir Abu Omar 0:57
Iran on its own, saying that the Strait of Hormuz is shut and that no ships can make movements. So we're back to, I don't want to say square one, because we're not seeing a kinetic sort of warfare similar to what we've seen in March. But we're going back to a place that we didn't think we would be at after that MOU was signed just three and a half weeks ago.
Doug Krisner 1:19
Abir Abu Omar on Bloomberg this weekend. Now, U.S. Central Command says the waterway was still open to all vessels and the U.S. military is prepared to ensure freedom of navigation. Senator Lindsey Graham died after a rupture in his aorta, according to a preliminary finding from the medical examiner shared by Graham's office. The senior senator from South Carolina was one of President Trump's closest allies in Congress. And this morning, the president led tributes posting Graham was one of the greatest people and senators he'd ever known. Here is Bloomberg's congressional reporter, Eric Wasson, on Graham's evolving relationship with Trump.
Eric Wasson 1:58
You know, it's been up and down their relationship. Certainly, Graham, early on, I remember being at a big gala dinner in Washington where he was on C-SPAN, where he made fun of President Trump. You know, then he became a backer. And then after the January 6th riots, he was very critical.

What opening stories and headlines set the tone for this Bloomberg news roundup?

Eric Wasson 2:12
Even saying he's done with the president, I'm very upset with the way that that was handled. And then Graham went back into the fold. I think Graham always wanted to be in the mix, wanted to be influential. And he felt it was his duty, especially given the views he had on Israel, a strong supporter of Israel, Iran, and the rest of the foreign policy portfolio, to be influential and be close to the president.

Why did the U.S. launch strikes against Iran and what was the stated objective?

Doug Krisner 2:35
Eric Wasson on Bloomberg this weekend. Graham died two days after his 71st birthday. He had been set to face off against Democrat Annie Andrews, a pediatrician, in November. Now, South Carolina Republican Governor Henry McMaster can name a replacement for the remainder of Graham's term, and state election law calls for a special primary election. Meantime, Senator Mitch McConnell has revealed for the first time that a fall led to his hospitalization. The 84-year-old McConnell broke his silence after weeks of mounting speculation about his health. McConnell said he is now in a rehabilitation center and will not be returning to the Senate quite yet. McConnell also said he suffered from a case of mild pneumonia.
Doug Krisner 3:19
The U.S. Department of Justice has launched a grand jury investigation into the head of the United Auto Workers, Sean Fain. Fain is alleged to have pressured another high-ranking union official to secure benefits for his fiancée and her sister. Emails seen by Bloomberg News show the union's court-appointed monitor has been subpoenaed as a part of this probe.

How are officials conflicting on whether the Strait of Hormuz remains open to shipping?

Doug Krisner 3:42
Fein called the allegations false and accused union Vice President Rich Boyer of trying to influence the upcoming UAW election. Fed Chair Kevin Warsh is set to testify on Capitol Hill over two days this week. On Tuesday, he'll speak before the House Financial Services Committee. More from Bloomberg's Charlie Pellett.
Charlie Pellett 4:01
We know what Warsh will say in the central bank's semiannual monetary policy report to Congress.

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