June 15, 2025 • 4 mins
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Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
deud prisoner. We begin in Minnesota, where the man suspected
of shooting two state lawmakers, killing one of them, has
been taken into custody. The Associated Press says Vance Bolter
was arrested Sunday evening. The arrest was confirmed to the
AP by a law enforcement official who did not publicly
discuss details of this ongoing investigation. It was former Democratic
(00:25):
House Speaker Melissa Hortman and her husband Mark who were
killed at their home early Saturday in the northern Minneapolis suburbs.
At the same time, State Senator John Hoffman, also a Democrat,
and his wife of Vett, were shot and injured about
nine miles away. We go to the Middle East next.
Bloomberg has learned that President Trump vetoed an Israeli plan
(00:47):
to kill Iran Supreme Leader iotoa Ali Romeni. It's unclear
if Trump personally delivered the message, waiving Israel off a
possible assassination attempt. Now, US officials have been in close
content with Israeli officials ever since Israel launched a series
of missile and drone strikes on Iran. Tonight, President Trump said,
(01:08):
the US will continue to support Israel.
Speaker 2 (01:10):
I think it's time for a deal, and we'll see
what happens. But sometimes they have to fight it out.
Speaker 3 (01:16):
But we're going to see what happens.
Speaker 2 (01:18):
I think there's a good chance there'll be a deal.
Speaker 1 (01:20):
That was President Trump speaking to reporters earlier, and we
got reaction from William Roebuck. He is former US Ambassador
to Bahrain.
Speaker 4 (01:28):
My assessment right now is that the US is keeping
its options open. I believe given their previous push for
a diplomatic settlement, their preference would be to get back
to a negotiated settlement. But in some ways I think
the US approach so far has been they want to
have their diplomatic cake and eat it too, so to
(01:50):
speak with the negotiations with Iran and also supporting Israel's approach.
Speaker 1 (01:55):
That was William Roebuck, former US Ambassador to Bahrain. Now,
the price of crude oil has soared. This is after
Israeli strikes over the weekend on Iranian energy assets. Brent
crude the global benchmark was up as much as five
and a half percent when trading began at six pm
Wall Street time. We got reaction from Stephen Shork. He
(02:16):
is the president and founder of the Short Group.
Speaker 3 (02:18):
When we look at the price of Brent brude oil
in the futures market, which is a proxy for the
global rights market, for the global price, we had at
this point coming into this quarter a five percent probability
that nimix WTI, which is the US market, could trade
above one hundred and eleven dollars. And that was based
on the fundamentals and the volatility of our algorithms recognized
(02:41):
coming into the quarter. For Brent Crudell, that would mean
five percent probability of about one hundred and fourteen one
hundred and fifteen dollars a barrel that is in the
here and the now.
Speaker 1 (02:50):
That was Stephen Shark, President and founder of the Short Group.
Randy Weingarten has reportedly resigned from the Democratic National Committee.
She was a long time leader of one of the
nation's most influential teachers' unions and a major voice in
democratic politics. The New York Times reports Winegarten pointed to
disagreements with the DNC's new chairman, Ken Martin. In a
(03:12):
letter to Martin, Winegarten wrote, I appear to be out
of step with the leadership you are forging. So we
have a holiday shortened week in the States, a FED meeting,
and some earnings as well. A preview now from Bloomberg's
Charlie Pellett.
Speaker 2 (03:25):
It's all about the outlook. Victoria Fernandez is Chief market
strategistic Crossmark Global.
Speaker 5 (03:31):
So expectations have come down for the second quarter. I
think the key is going to be do we see
that continue for the third and the fourth quarter to
the point that we're getting into low single or mid
single digit growth expectations.
Speaker 2 (03:46):
We'll be hearing from companies across a range of industries,
including Accenture, Darden, restaurants, Kroger, and Lenaar In New York,
Charlie Bloomberg Radio.
Speaker 1 (03:56):
We go to sports next. The US Open at the
Oakmont Country Club in Pennsylvania has ended. JJ Spawn was
able to overcome five early bogies to win, and that
is news when you want it. With Bloomberg News Now,
I'm Doug Chrisner and this is Bloomberg
News when you want it. With Bloomberg News Now, I'm
deud prisoner. We begin in Minnesota, where the man suspected
of shooting two state lawmakers, killing one of them, has
been taken into custody. The Associated Press says Vance Bolter
was arrested Sunday evening. The arrest was confirmed to the
AP by a law enforcement official who did not publicly
discuss details of this ongoing investigation. It was former Democratic
(00:25):
House Speaker Melissa Hortman and her husband Mark who were
killed at their home early Saturday in the northern Minneapolis suburbs.
At the same time, State Senator John Hoffman, also a Democrat,
and his wife of Vett, were shot and injured about
nine miles away. We go to the Middle East next.
Bloomberg has learned that President Trump vetoed an Israeli plan
(00:47):
to kill Iran Supreme Leader iotoa Ali Romeni. It's unclear
if Trump personally delivered the message, waiving Israel off a
possible assassination attempt. Now, US officials have been in close
content with Israeli officials ever since Israel launched a series
of missile and drone strikes on Iran. Tonight, President Trump said,
(01:08):
the US will continue to support Israel.
Speaker 2 (01:10):
I think it's time for a deal, and we'll see
what happens. But sometimes they have to fight it out.
Speaker 3 (01:16):
But we're going to see what happens.
Speaker 2 (01:18):
I think there's a good chance there'll be a deal.
Speaker 1 (01:20):
That was President Trump speaking to reporters earlier, and we
got reaction from William Roebuck. He is former US Ambassador
to Bahrain.
Speaker 4 (01:28):
My assessment right now is that the US is keeping
its options open. I believe given their previous push for
a diplomatic settlement, their preference would be to get back
to a negotiated settlement. But in some ways I think
the US approach so far has been they want to
have their diplomatic cake and eat it too, so to
(01:50):
speak with the negotiations with Iran and also supporting Israel's approach.
Speaker 1 (01:55):
That was William Roebuck, former US Ambassador to Bahrain. Now,
the price of crude oil has soared. This is after
Israeli strikes over the weekend on Iranian energy assets. Brent
crude the global benchmark was up as much as five
and a half percent when trading began at six pm
Wall Street time. We got reaction from Stephen Shork. He
(02:16):
is the president and founder of the Short Group.
Speaker 3 (02:18):
When we look at the price of Brent brude oil
in the futures market, which is a proxy for the
global rights market, for the global price, we had at
this point coming into this quarter a five percent probability
that nimix WTI, which is the US market, could trade
above one hundred and eleven dollars. And that was based
on the fundamentals and the volatility of our algorithms recognized
(02:41):
coming into the quarter. For Brent Crudell, that would mean
five percent probability of about one hundred and fourteen one
hundred and fifteen dollars a barrel that is in the
here and the now.
Speaker 1 (02:50):
That was Stephen Shark, President and founder of the Short Group.
Randy Weingarten has reportedly resigned from the Democratic National Committee.
She was a long time leader of one of the
nation's most influential teachers' unions and a major voice in
democratic politics. The New York Times reports Winegarten pointed to
disagreements with the DNC's new chairman, Ken Martin. In a
(03:12):
letter to Martin, Winegarten wrote, I appear to be out
of step with the leadership you are forging. So we
have a holiday shortened week in the States, a FED meeting,
and some earnings as well. A preview now from Bloomberg's
Charlie Pellett.
Speaker 2 (03:25):
It's all about the outlook. Victoria Fernandez is Chief market
strategistic Crossmark Global.
Speaker 5 (03:31):
So expectations have come down for the second quarter. I
think the key is going to be do we see
that continue for the third and the fourth quarter to
the point that we're getting into low single or mid
single digit growth expectations.
Speaker 2 (03:46):
We'll be hearing from companies across a range of industries,
including Accenture, Darden, restaurants, Kroger, and Lenaar In New York,
Charlie Bloomberg Radio.
Speaker 1 (03:56):
We go to sports next. The US Open at the
Oakmont Country Club in Pennsylvania has ended. JJ Spawn was
able to overcome five early bogies to win, and that
is news when you want it. With Bloomberg News Now,
I'm Doug Chrisner and this is Bloomberg
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