Episode summary
Knicks Historic Comeback; Trump Promises Iran Attacks if No Deal | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 17 min
Summary
The day’s top story was the Knicks’ stunning 107-106 victory over the Spurs in Game 4 of the NBA Finals, a comeback that erased a 29-point deficit and put New York up 3-1 in the series. The host and Bloomberg’s sports reporters described the win as the greatest comeback in NBA playoff history, capped by OG Anunoby’s tip-in with 1.2 seconds left after Jalen Brunson’s missed three-pointer.
The broadcast then shifted to the Middle East, where the US launched a second straight day of strikes on Iran after President Trump said Tehran was delaying peace talks. Iran retaliated with attacks on US bases in the Gulf region, while Trump said he would continue bombing if Iran did not agree to a deal. Mark Champion said the conflict looked more like an unstable equilibrium than a path to full war, even as back-channel talks continued through Qataris and Pakistanis.
Markets and inflation were tied to the conflict as May CPI rose 4.2% from a year earlier, the fastest pace in more than three years, with energy prices under pressure from the war. Trump dismissed the report and argued oil shipments through the Strait of Hormuz were helping limit prices. The show also covered Bill Gates’ testimony about Jeffrey Epstein, a massive SpaceX IPO expected to price Thursday, and Oracle’s slide after higher-than-expected capital spending.
Key takeaways
- The host said the Knicks’ 107-106 win over San Antonio was the greatest comeback in NBA playoff history and gave New York a 3-1 series lead.
- Bloomberg’s sports reporter said the Knicks overcame a 29-point deficit, with OG Anunoby’s tip-in finishing the game at 1.2 seconds remaining.
- The host reported that Trump threatened more strikes on Iran if it does not sign a deal, while Iran said it had retaliated against US bases in Kuwait, Bahrain and Jordan.
- Mark Champion said the conflict still looks like an unstable equilibrium rather than a clear route to total war, with back-channel negotiations continuing.
- The host said US inflation accelerated to 4.2% in May, the fastest pace in more than three years, as energy prices rose because of the Iran conflict.
Notable quotes
“The comeback was historic. Second half, the Knicks trailed the Spurs by 29 points”
“We were really close to a deal, but they keep tapping us along. They keep playing us for suckers”
“I love the inflation. You know why? Because as soon as this war is over, you know, I can say it now”
“there's, you know, very little evidence to suggest that it will. Uh this is kind of a long process”
“The Knicks went into game four of the NBA Finals hoping for a better start”
How the episode opens
Bloomberg Audio Studios podcasts, radio, news. — Good morning. I'm Nathan Hager. — And I'm Alexis Christopherus. Here are the stories we're following today.
Alexis, we're going to have more on the markets. We'll bring you the latest on Iran in a moment, but we want to begin this morning with a historic night in sports. So, the New York Knicks are now one win away from their first NBA championship in more than a half century after an improbable comeback win at Madison Square Garden.
Bloomberg's John Stashour is here with more on the big win. John, what a night. Yeah, Nathan, not not sure what was more astonishing, the comeback or the game-winning basket.
The comeback was historic. Second half, the Knicks trailed the Spurs by 29 points. They chipped away, got it down to 15 going into the fourth quarter and Jaylen Brunson put them ahead for the first time with a minute 22 to go.
But then they fell back by one. Had the ball with less than 6 seconds to go.
Brunson gets it. Fires up a three. Shot. No good. THE TIP. IT'S GONE. IT'S GONE. IT'S GONE WITH 1.2 REMAINING. KNICKS TAKE THE LEAD. OG AND NOI. AND IT'S 107 106. — That was the final. ABC at the C. Now the series is 3-1 Knicks heading to San Antonio for game five Saturday. We have more on an incredible night at the Garden. Coming up in sports, John Stashour, Bloomberg Radio.
A miracle at MSG. Thanks a lot, John. And of course, a star-studded crowd witnessed that big Knicks win, but there was not the usual Garden watch party outside the arena. Bloomberg's John Tucker joins us now with more. Good morning, John.
Good morning, Alexis. Well, inside the garden, Nick's fever erupted among the A-list celebrities.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- knicks spurs nba finals comeback
- trump iran interim peace deal
- iran us strikes and retaliation
- strait of hormuz shipping closure
- us inflation cpi energy prices
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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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