Episode summary
Gala Shooting Suspect Charged With Trying to Assassinate Trump | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 30 min · Hosts: Carol Massar, Tim Stenovec · Guests: Myles Miller, Angela Stent, Thomas Black, Stuart Paul
Summary
The hosts first focused on the attempted attack at the White House correspondents dinner, with a Bloomberg News senior national reporter explaining that the suspect traveled cross-country from California, brought weapons, and charged through security before being stopped on the first floor. He said the Secret Service’s layered protection likely prevented a worse outcome, even though the episode raised fresh questions about how close the gunman got to officials including President Donald Trump and Vice President JD Vance.
The show then shifted to the geopolitical fallout from the Iran conflict. A guest argued that Russia is backing Iran with intelligence and upgraded drones, while also benefiting from higher oil prices and the diversion of US attention away from Ukraine. She said Vladimir Putin is trying to preserve ties both with Iran and with Gulf states, and that any endgame will likely require further negotiations rather than a total abandonment of Iran’s nuclear ambitions.
Later segments turned to airlines and the Fed. A Bloomberg Opinion columnist argued US airlines do not need a bailout, but rather more consolidation among low-cost carriers to create a stronger competitor. A Bloomberg Economics economist said Fed officials may keep rates unchanged, but the latest political and legal pressure around Jay Powell and higher energy prices could shape how long he remains chair and how cautious the Fed stays on inflation.
Key takeaways
- The host and a Bloomberg News reporter said the suspected gala gunman crossed the country from California with weapons and was stopped before reaching top officials.
- A guest argued Russia is helping Iran with intelligence and drones while also using the conflict to strengthen its position in the Middle East.
- The guest said higher oil prices and sanctions relief are helping Russia even as it remains bogged down in Ukraine.
- A Bloomberg Opinion columnist said US airlines need consolidation among low-cost carriers, not a government bailout, to build a viable challenger to the big four.
- A Bloomberg Economics economist said the Fed is likely to keep its foot on the brakes if energy-driven inflation persists, even amid political pressure around Jay Powell.
Notable quotes
“That suspect has been charged with trying to assassinate the president. What's the latest”
“what we know is that he traveled cross country from California on train, brought weapons with him”
“Russia has been backing Iran uh since uh the United States and Israel attacked Iran”
“I think it will stay that way. Um, because the Iranians are going to probably be more dependent on Russia”
“my argument is that we need a lowcost champion and we shouldn't look at the lowcost industry as needing competition within that space itself”
How the episode opens
Bloomberg Audio Studios, podcasts, radio, news.
This is Bloomberg Business Week Daily. Reporting from the magazine that helps global leaders stay ahead with insight on the people, companies, and trends shaping today's complex economy. Plus, global business, finance, and tech news as it happens.
The Bloomberg Business Week Daily podcast with Carol Masser and Tim Stenc on Bloomberg Radio. We also lean on Miles Miller. He's Bloomberg News senior national reporter and he joins us here in the Bloomberg Business Week studio.
The reason we are talking to Miles for a couple reasons. one. In just about 30 minutes, uh, acting attorney general Todd Blanch, FBI director Cash Patel, US Attorney Dan Pero will hold a press conference at the DOJ following uh, the initial appearance in federal court of the suspected White House correspondents dinner gunman.
That suspect has been charged with trying to assassinate the president. What's the latest? Yeah.
So, we expect to get the uh formal complaint uh in just a few moments now just about uh what they've learned from doing their uh checks on his background, checks in his room,
And he's not cooperating with authorities.
He's not cooperating with authorities. Uh what we know is that he traveled cross country from California on train, brought weapons with him, and really, I mean, you see the video, he charged through the magnetometer there. Now, they have a very layered security plan.
We have a story coming out shortly on the terminal that really talks about how the Secret Service plans for all this. Now, you know, to us who were in the room, it may seem like a situation while we just walked through a magnetometer. We took the things out of our pockets and put them down.
And, you know, that may look like lack security, but it's the stuff you don't see.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- trump shooting attempt
- federal court arraignment
- gun offenses
- fomc preview
- us airlines tie up
Companies and tickers mentioned
- Bloomberg
- Hilton
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Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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