Episode summary
US & Iran Hold Fire For Now, Three Shot Dead In Seattle | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 18 min · Guests: Mike Waltz
Summary
The main market driver was the pause in US strikes on Iran, which helped push oil prices lower and gave stocks a lift after 13 straight nights of hostilities. Bloomberg’s Middle East coverage suggested the fighting may have shifted toward diplomacy for now, but warned the situation is still fragile, shipping through the Strait of Hormuz remains nervous, and the regional cost of the conflict is rising. Mike Waltz, Washington’s ambassador to the United Nations, said President Trump is giving diplomacy “some space.”
The program also covered a deadly shooting at Seattle’s Bite of Seattle festival, where three people were killed and at least five were injured near the Space Needle. Police said one suspect was arrested and another remained at large, and investigators believed the two shooters were firing at each other.
On the corporate side, Nvidia’s push deeper into AI infrastructure drew attention again as it was said to be in talks to help finance OpenAI’s massive data-center plans. The host and guests also flagged a busy week for megacap earnings and a closely watched Fed meeting, where rising energy prices, tariffs, and AI-related capital spending could complicate the inflation outlook. Europe’s wildfire emergency and a few major deal and sports headlines rounded out the hour.
Key takeaways
- The host said the US paused strikes on Iran for a third straight night, helping oil prices fall and equities rise.
- Mike Waltz said President Trump is giving diplomacy “some space,” suggesting Washington is not rushing back to escalation.
- A guest said shipping through the Strait of Hormuz remains constrained because Iran’s ability to retaliate has not disappeared.
- The host said Nvidia is in talks to help finance OpenAI’s $500 billion data-center project, underscoring the circular funding theme in AI.
- An analyst said Wednesday’s Fed decision is now “a much closer call” because energy prices, tariffs and AI demand could all lift inflation.
Notable quotes
“President Trump is giving diplomacy quote some space”
“Wednesday's decision will be a much closer call than first thought”
“The focus will be very much on capex and return on investment”
“The market is saying you can't just keep spending money like this”
How the episode opens
Bloomberg Audio Studios podcasts, radio, news. — Good morning. I'm Karen Moscow and I'm Alexis Christopherus. Here are the stories we're following today.
Alexis, we do begin with that big decline in oil. The move comes after the US paused an almost two-week run of strikes against Iran after 13 straight nights of strikes aimed at degrading Iran's ability to attack commercial shipping. The US has apparently held off since late Friday.
Iran has halted its retaliation as a result and begin more from Bloomberg Middle East breaking news editor Patrick Sykes. The US seems to have reached the conclusion that daily strategy of strikes, particularly around Iran's southern coast on the Persian Gulf, hasn't been leading to the results it was hoping for and the diplomacy needs to be the way forward. What exactly that might look like is also fairly unclear at the moment.
We know that of course the Pakistanis remain the main mediators in all of this and I think it's of note that Iran's interior minister was in Pakistan in Islamabad uh around this time last week.
And as Boomer's Patrick Sykes Mike Waltz, Washington's ambassador to the United Nations said President Trump is giving diplomacy quote some space. This morning an Iranian foreign ministry spokesman said Iran will not allow the US to determine the timing of the war. The latest pause in fighting comes as Israeli Prime Minister Benjamin Netanyahu prepares to go to the White House this week.
Netanyahu says he plans to press President Trump to keep a constant watch on Iran's nuclear program. Bloomberg's Monica Ritz has details. Israeli Prime Minister Benjamin Netanyahu says the US and Israel have set back Iran's nuclear abilities a good few years, but cautions Tyrron could still try to reconstruct what's been destroyed.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- us iran tensions
- seattle shooting investigation
- ai data centers
- openai funding backstop talks
- oil prices
Companies and tickers mentioned
- NVDA
- Nvidia
- Naver Corp.
- SK Group
- OpenAI
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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Bloomberg Daybreak: US Edition, this episode and its artwork belong to Bloomberg. Octagon is not affiliated with the show; this page is an independent summary.
