Episode summary
Iran Says No Progress in US Talks, Knicks Take NBA Finals Game 1 | Bloomberg Daybreak: US Edition
Summary
Talks over a broader Middle East settlement remained stuck, with Iran’s foreign minister saying there had been no recent progress in negotiations with the US and insisting that Lebanon is a key sticking point. On the air, Bloomberg’s Middle East reporter said the proposed framework depends on Hezbollah stopping its attacks, but that it is still unclear whether Hezbollah or Iran will accept terms that include a ceasefire in Lebanon and possibly Gaza. President Trump struck a guarded tone, saying “anything can happen” as violence continued in southern Lebanon.
In Washington, the Republican-led House narrowly passed a war powers resolution aimed at forcing the administration to rethink its Iran policy and come to Congress. Senators and House members supporting the measure framed it as a message that the war effort needs more legislative oversight, though it remains uncertain what effect the vote will have on policy.
Markets were under pressure after the S&P 500 snapped a nine-day winning streak, while several high-multiple names sold off. Broadcom fell sharply after a weak AI-chip revenue outlook, and CrowdStrike also dropped after its revenue forecast disappointed investors. Elsewhere, SpaceX moved closer to what could be the biggest IPO ever, with a proposed valuation of $1.77 trillion, even as the episode noted renewed attention on the administration’s financial ties to Musk companies.
Key takeaways
- Iran’s foreign minister said there has been no recent progress in US talks, with Lebanon remaining a major obstacle to any broader deal.
- Bloomberg’s Mark Champion said any ceasefire framework depends on whether Hezbollah and Iran are willing to step back, which is still an open question.
- The House passed a war powers resolution by 215 to 208, showing new Republican support for limiting President Trump’s Iran policy.
- Broadcom fell more than 13% after a disappointing AI chip revenue forecast, and CrowdStrike dropped 11% after its second-quarter outlook missed expectations.
- SpaceX is preparing a share sale at a $1.77 trillion valuation, setting up what could be the largest IPO in history.
Notable quotes
“no recent progress in peace deal talks with the US”
“The Republican-led House has approved a resolution to stop the war”
“The company delivered a disappointing forecast for artificial intelligence chip revenue”
“SpaceX plans to market about 555.6 million shares for $135 each”
“There's some knock-on effects. Do you have some worries about elsewhere in the AI supply chain if they take all the oxygen away from everybody else”
How the episode opens
Bloomberg Audio Studios. Podcasts, radio, news. — Good morning, I'm Nathan Hager. — And I'm Karen Moscow. Here are the stories we're following today. — Karen, we begin with the latest from the Middle East. Israel and Lebanon have agreed to a ceasefire if Hezbollah stops fighting. That has emerged as a key condition for Iran in its nearly two-month truce with the US. Israel's US Ambassador Yael Leiter says this is an unprecedented agreement.
We brought the people of Lebanon to the understanding that we're not the enemy. Hezbollah is. And now we're going to work together to rid the country of this Iranian proxy on Israel's border. — Israeli Ambassador Yael Leiter spoke after the negotiations in Washington. Bloomberg's Zibair Abu Omar has more from Dubai.
Hezbollah has not given an answer yet to this. It could very well stop those hostilities, and that could very well again answer the last sticking point between Iran and the United States. We reported earlier this week that Iran's sticking point of Lebanon particularly had hindered the progress of negotiations between Israel, the US, and Iran.
Bloomberg's Zibair Abu Omar reporting from Dubai. Meantime, clashes did continue overnight in Southern Lebanon. Iran's Foreign Minister Abbas Araghchi says meanwhile there's been no recent progress in peace deal talks with the US. That's according to a report from Iran's semi-official Tasnim News Agency.
Back in Washington, Nathan, President Trump's war effort has taken a political blow. The Republican-led House has approved a resolution to stop the war. — On this vote, the yeas are 215 and the nays are 208. The concurrent resolution is adopted.
Four Republicans joined with every Democrat present to pass the war powers resolution. Democratic Senator Jeanne Shaheen says she hopes this sends a message to the president.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- iran us talks
- middle east ceasefire israel lebanon
- us strikes iran drones missiles
- nba finals knicks spurs
- nba game 1 highlights
Companies and tickers mentioned
- Bloomberg
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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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