June 17, 2025: Trump Security Meeting on Iran Options, Oil Climbs, More

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Episode Transcript

Speaker 1 (00:01):
News when you wanted with Bloomberg News. Now, I'm Doug Prisner,
and we begin with the conflict in the Middle East.
President Trump met today with his national security team, and
before this meeting, Trump posted a demand for Iran's unconditional surrender. Now,
the New York Times is reporting that American commanders have
put troops on high alert throughout the region. Here is

(00:21):
Bloomberg's Mike Shephard.

Speaker 2 (00:23):
So far, President Trump has wanted to keep America on
the sidelines when it comes to attacking Iran, directly joining
Israel in that part of the conflict. He has though
encouraged the US and had US military forces participating in
the defense of Israel. And yet Iran's balking at accepting
this deal. And perhaps there may be some intelligence that

(00:45):
we are not aware of that was shared at this
situation room meeting.

Speaker 1 (00:48):
That is Bloomberg's Mike Shepherd. Now, as hostilities continue between
Israel and Iran, Israeli Defense Minister Israel Katz said through
a translator that Iran's Ayatola he could face the same
fate as other fallen leaders in the region if, as
she school.

Speaker 3 (01:05):
He should remember what happened to the dictator in his
neighboring country.

Speaker 4 (01:10):
He took his path against the State of Israel.

Speaker 1 (01:12):
That is Israeli Defense Minister Israel Cat speaking there. The
escalation intentions in the Midiast triggered more anxiety today in
financial markets. In stocks, we had the S and P
five hundred losing eight tens of one percent. Nadia Level
is senior strategist at UBS Financial Services. She sees a
lasting impact on markets from the Israeli Iran conflict, but

(01:34):
with one caveat.

Speaker 5 (01:36):
Well could spike up into the one hundred dollars range.
That is not obvious. Few We continue to think that
all prices is more reasonable at sixty eight dollars. But
if you lead in some sort of block is that
disrupts the flow of oil, then you could see see
that spike in all prices. Right now, it feels like
the market is pricing in you're not a sort of
seventy five to eighty dollar range, which suggests that they're

(01:56):
expecting some sort of disruption ter Iranian oil.

Speaker 1 (01:59):
That is not your level from UBS Financial Services speaking there.
The US Senate has passed stable coin legislation. This sets
up regulatory rules for cryptocurrencies pegged to the dollar. Dollar
pegged stable coins would have to hold dollar for dollar
reserves in short term government debt or similar products overseen
by state or federal regulators. We got reaction from Bloomberg's

(02:23):
Eric Wasson.

Speaker 4 (02:24):
Yeah, this is a very big deal.

Speaker 6 (02:26):
You know.

Speaker 4 (02:26):
I think there's going to be a compromise coming out
of the House, and I think this is a big
boost for the stable coin industry, you know, and certainly
a Congress that's really been divided, riven the budget process
that we're seeing played out on the tax bill as
a purely gop affair. So there is a glimmer of
by parsonship here on the genius.

Speaker 1 (02:44):
Side, that is Bloomberg's Eric wasason. Now, the passage of
this bill is seen as a win not only for
the crypto industry, but for President Trump as well. The
Trump administration is considering big changes that could disrupt more
than ten billion dollars in ad spending for the pharmaceutical industry.
More from Bloomberg's Nathan Hagar in Washington.

Speaker 3 (03:04):
Bloomberg News has learned the administrations looking to make it
harder for drug companies to advertise directly to consumers. The
focus would be on two areas, one more side effect
disclosures so ads would be longer and more expensive, and
two taking away drug ads as a tax deductible business expense.
Health and Human Services Secretary Robert F. Kennedy Junior has
long argued that Americans take more drugs than other countries

(03:26):
due to direct to consumer advertising. Last year, ABV alone
spent two billion dollars advertising drugs that brought in more
than five billion in revenue in just the first quarter
of this year. In Washington, I'm Nathan Hager Bloomberg Radio.

Speaker 1 (03:40):
We go to New York City next where a comptroller,
Brad Lander, was arrested outside an immigration court in Lower Manhattan.
Lander is running in next week's Democratic primary for mayor.
He was detained by US Immigration and Customs enforcement agents.
Lander says he locked arms with an undocumented migrant in
and up parent effort to shield that person from detention.

Speaker 6 (04:03):
At that elevator, I was separated from someone named Edgardo,
who I had just met a couple of minutes earlier.
Edgardo is in NICED attention and he's not going to
sleep in his bed tonight. So far as I know,
he has no lawyer. He has been stripped of his
due process rights by a government and a judge that

(04:24):
owe him a credible fear hearing.

Speaker 1 (04:26):
That was New York City Comptroller Brad Lander, speaking there
now following his release from custody. New York Governor Kathy
Hokeel said charges against Lander have been dropped, and that
is news when you want it. With Bloomberg News now,
I'm Doug Prisner, and this is Bloomberg