Episode summary
Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely | Bloomberg Businessweek
Bloomberg Businessweek Daily
· · 40 min · Hosts: Carol Massar, Tim Stenovec · Guests: Jeff Mason, Stuart Paul, Rich Weiss, Dina Bass, Kabir Nath
Summary
Trump said it is highly unlikely he would extend the two-week ceasefire with Iran, and the discussion framed that deadline as the key pressure point for negotiators. A guest said the president’s shifting comments add urgency to talks in Islamabad, while also noting that Trump seems to be using mixed signals as a negotiating tactic. The host and guests also discussed the Strait of Hormuz remaining blocked for now and the risk that energy prices stay elevated even if a deal is eventually reached.
The market conversation centered on whether investors are already looking through the war. One guest argued equities are rallying on the expectation that Republicans need to resolve the conflict before November’s midterms, and that lower oil prices and falling rates would help them politically. He said investors should not try to time the war’s end, and that long-term holders can buy dips while those near retirement may want to reduce equity exposure.
The episode also covered Google’s push to expand its custom AI chips, especially for fast inference workloads, where it could challenge Nvidia in a narrower way. Later, the show turned to psychedelics, with Compass Pathways’ CEO arguing Trump’s executive order could speed FDA review and eventual patient access to psilocybin treatments for treatment-resistant depression and PTSD.
Key takeaways
- Trump told a guest that extending the Iran ceasefire is "highly unlikely," making the Wednesday night deadline the focus of negotiations.
- A guest said markets are looking past the war and are betting Republicans need a faster resolution before the November midterms.
- The guest argued investors should not bet on the timing of the conflict and should buy dips only if they have a long time horizon.
- The host and a guest said Google’s next TPU announcement could target fast inference and narrow the gap with Nvidia in that segment.
- Compass Pathways’ CEO said Trump’s psychedelics order could speed FDA review and help bring psilocybin treatment to patients sooner.
Notable quotes
“President Trump said it's highly unlikely he would extend the two-week truce if an agreement is not reached before it ends”
“The president told me it was now Wednesday night and him saying that they're not going to that he's not likely anyway to lift that ceasefire unless there's a deal”
“don't rejigger your longer term investment strategy on that”
“we're expecting that Google is going to uh get more fully into that space with a chip that's specific for that task”
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.
President Trump said it's highly unlikely he would extend the two-week truce if an agreement is not reached before it ends. Well, noting that the straight of Hormuse would remain blocked until an accord is finalized. Brent crude hovering just around $95 per barrel.
President said that to Bloomberg News Washington and White House correspondent Jeff Mason who caught up with President Trump earlier today. Jeff Mason is back with us from Washington DC. Jeff, uh, great great piece out on the Bloomberg terminal on Bloomberg.com about your call with the president.
Take us back there earlier today and and sort of how this went down and what you learned from him.
Sure. Yeah, I appreciate that. Um, I gave him a call this morning.
He picked up and we started talking about the war and obviously the the key question right now is about the ceasefire because that deadline uh is initially we thought it was tomorrow. The president told me it was now Wednesday night and him saying that they're not going to that he's not likely anyway to lift that ceasefire unless there's a deal certainly adds another level of urgency to talks in Islamabad um in in the next couple days. So that was that was certainly a big takeaway.
Also again the fact that he said he was not in a rush to get a deal that felt like a shift from what he said last week when he was basically describing a deal as already being done.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- iran deal
- ceasefire extension
- str. of hormuz
- ai chip capex
- psychedelic therapy access
Companies and tickers mentioned
- GOOGL
- GOOG
- CMPS
- Compass Pathways
- American Century Investments
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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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