June 13, 2025: Iran-Israel Conflict Widens, MO & TX Activate National Guards, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I
made Kalengi. Iran fired hundreds of ballistic missiles against Israel
following an unprecedented direct attack on its nuclear facilities, ramping
up a conflict between sworn enemies that threatens to engulf
the Middle East and disrupt global oil supplies. Multiple waves
of missiles targeting Israeli cities abount to the most forceful

(00:24):
step yet by Tarronson's. Israel's overnight raids killed top are
running in general's and badly damaged key military infrastructure. Israel
set it identified missiles launched from the Islamic Republic and
reported explosions from interceptions and falling debris from incoming projectiles.
There was dramatic video footage of at least one large
explosion in Tel Aviv and reports of explosions over Jerusalem.

(00:48):
The extent to which Israel's air defenses were pierced remains
to be seen, with US forces helping to intercept and
shoot down running in attacks. Chuck Hagel was Defense Secretary
when President Barak Obama negotiated a nuclear agreement with Iran
with the concurrence of European allies Russia, and China. President
Trump pulled out of the deal in his first term.

(01:09):
In a Bloomberg interview, Hagel says, we're now suffering the consequences.

Speaker 2 (01:14):
I don't think we would be in this position. That
twenty fifteen agreement was very significant because it opened up Iran.
It opened our ability to inspect, to have actual US
inspectors on the ground, and to have it abruptly stopped.
No question in my mind, of course, it was going
to lead to something like this.

Speaker 1 (01:32):
Late Friday night, Israeli Prime Minister Benjamin Netanyahu, in a
video posted on x spoke directly to the Iranian people, the.

Speaker 3 (01:40):
Proud people of Iran. We're in the midst of one
of the greatest military operations in history, Operation Rising Lion.
The Islamic regime, which has oppressed you for nearly fifty years,
threatens to destroy my country, the state of Israel. The
objective of Israel's military operation is to remove the threat,

(02:01):
both the nuclear threat and the ballistic missile threat to Israel.
And as we achieve our objectives, we're also clearing the
path for you to achieve your objective, which is freedom.

Speaker 1 (02:15):
Missouri Governor Mike Kehoe is activating National Guard troops to
support local law enforcement, joining Texas and turning to military
personnel ahead of nationwide protests on Saturday against President Trump.
The Missouri deployment may be needed to maintain order in
cities such as Saint Louis, Kansas City, and Springfield. The
Republican governor said this in an executive order. Keiho, who

(02:36):
also declared a state of emergency, did not specify how
many troops would be called into service a day of
No King's protests as planned for Saturday, with organizers estimating
that rallies large and small will take place at almost
two thousand locations around the country. The same day, Trump
is holding a military parade in Washington. A move lower
for the US equity market amid heightened Mideast tensions. We

(02:59):
get more from Bloomberg's Charlie Pellet.

Speaker 4 (03:02):
The SMP five hundred index fell point four percent this week.
The Dow is down one point three five percent, a
nastack on the week, down point six percent. Energy producers
and defense shares rows, airline and travel companies tumbled, and
West Texas Intermediate crewde futures surged almost seven point three percent. Friday,

(03:22):
The SMP five hundred index down one point one percent,
ending the week below six thousand, fifty nine seventy six
in New York Charlie Pellett Bloomberg Radio.

Speaker 1 (03:32):
The Pond Steel won conditional US approval for its fourteen
point one billion dollar purchase of US steel, capping a
lengthy saga and a tie up that will create one
of the world's largest steel companies. In release Friday, the
company said they've committed to a national security agreement proposed
by the Trump administration, which earlier cleared the deal subject
to those terms. As part of the fifty five dollars

(03:54):
per sheered deal, the Japanese company will invest an additional
eleven billion by twenty twenty eight, including initial commitment in
a greenfield project that would be completed after twenty twenty eight.
Nippon had previously raised its pledged additional investment in an
effort to win President Trump's approval. After two rounds of
the US Open at the Oakmont Country Club, Sam Burns

(04:15):
five hunder four the day on Friday, three under four
of the tournament, heads into Saturday's third round with a
one shot lead. The Friday numbers on Wall Street, all
the major averages were down over one percent. That down
lost seven sixty nine. Nasdak dropped two fifty five. The
S and P fell sixty eight. The ten year treasurer
yield at four point four to one percent, the two
year at three point nine five percent. Oil prices shot

(04:37):
up eight percent to close around seventy three dollars a
barrel on worries about crude shipment to round the Middle East.
That's news when you want it with Bloomberg News. Now
I made Kaleggiate. This is Bloomberg