June 18, 2025 • 4 mins
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Speaker 1 (00:01):
News when you want it. With Bloomberg News Now, I'm
Doug Krisner, and we begin with a conflict in the
Middle East. Senior US officials are preparing for the possibility
of a strike on Iran in the coming days. We
are being told there are potential plans for a weekend strike,
although this situation is evolving. Earlier today, speaking to reporters,
(00:21):
President Trump remained coy about whether the US would join
Israel's offensive.
Speaker 2 (00:27):
I have ideas as to what to do, but I
haven't Madinal.
Speaker 3 (00:29):
I like to make the final decision one second before
it's due, you know, because things change, I.
Speaker 4 (00:33):
Mean, especially with war.
Speaker 2 (00:35):
Things change with war.
Speaker 5 (00:36):
It can go from one extreme to the other.
Speaker 1 (00:39):
That was President Trump speaking there. Meantime, GOP lawmakers addressed
the sixth day of aerial attacks between Israel and Iran.
Here is South Carolina Republican Senator Lindsay Graham.
Speaker 6 (00:51):
Israel has done an amazing job to control these guys.
We have one facility, would be hard to Israel to
hit without our help. We'll see what the prosduct does.
But I've never felt better about the end of the
Iran nuclear program is very close.
Speaker 1 (01:11):
That was South Carolina Senator Lindsay Graham. We go to
monetary policy next. FED officials left interest rates unchanged today,
and they are still penciling in two rate cuts this year.
They say uncertainty over the economic outlook was still high,
but it had diminished. And at the same time, FED
officials lowered their estimates for economic growth this year, and
(01:33):
they raise forecast for both unemployment and inflation. Here is
Fedshair J. Powell in support of our goals.
Speaker 5 (01:39):
Today, the Federal Open Market Committee decided to leave our
policy interest rate unchanged. We believe that the current stance
of monetary policy leaves us well positioned to respond in
a timely way to potential economic development.
Speaker 1 (01:53):
That is Fedshaired J. Powell speaking there. And we got
reaction to the Fed's decision from former FED Vice Chairs
Richard Clarida.
Speaker 7 (02:00):
It is a Davish lean from the committee. I do
know that apparently they took out one cut next year,
but that's way down the road, so they still have
those two cuts in even though they see more inflation
than they did in March.
Speaker 1 (02:14):
That is former FED Vice Chair Richard clarat Is speaking there. Meantime,
President Trump once again criticized FED Chair J. Powell for
his refusal to lower interest rates. And we heard from
Massachusetts Democratic Senator Elizabeth Warren. She stressed the importance of
an independent FED. Warren spoke with Bloomberg's Balance of Power.
Speaker 3 (02:33):
Donald Trump has really crowded the FED into pretty much
an untenable position. The FED raises rates and they further
soften the job market. They lower rates, and they run
the risk of igniting inflation. And that's the problem they've
got right now. And it's all self inflicted because of
(02:54):
what Donald Trump has.
Speaker 6 (02:55):
Been up to.
Speaker 1 (02:56):
Elizabeth Warren there, the Democratic senator from Massachusetts. The Trump
administration is urging the Supreme Court to turn away a
request for fast track review of the president's tariffs. The
administration said that justices should give lower courts more time
to weigh in. Here's Bloomberg's Greg store yesterday.
Speaker 4 (03:16):
One of the challengers to companies that make educational toys.
They had won a federal district judge ruling a few
weeks ago, and they urged the Supreme Court not to
wait for a federal appeals court to review their case,
but to bypass that stage and take up their challenge
right away so that we could get a ruling, maybe
as early as this fall.
Speaker 1 (03:37):
And that is Bloomberg's Gregg's Store. Microsoft is planning to
cut thousands of jobs, particularly in sales more from Bloomberg's
Charlie Pellett.
Speaker 2 (03:46):
It's part of the company's latest move to Trimmitt's workforce
amid heavy spending on artificial intelligence. Sources tell Bloomberg. The
cuts are expected to be announced early next month, following
the end of Microsoft's fiscal year. Say the reductions will
not exclusively affect sales teams, and the timing could still change.
The terminations would follow a previous round of layoffs in
(04:09):
May that hit six thousand people and fell hardest on
product and engineering positions in New York.
Speaker 1 (04:16):
Charlie Pellett, Bloomberg Radio and we go to Sports next.
The Bus family has agreed to sell majority ownership of
the Los Angeles Lakers. We are told the buyer is
Mark Walter, the CEO of Guggenheim Partners. Genie Buss will
continue to serve in the role of governor after the sale.
Walter has interest in multiple professional sports teams. They include
(04:38):
the Los Angeles Dodgers and the Los Angeles Sparks. And
That is News when you want it with Bloomberg News. Now,
I'm Doug Krisner, and this is Bloomberg
News when you want it. With Bloomberg News Now, I'm
Doug Krisner, and we begin with a conflict in the
Middle East. Senior US officials are preparing for the possibility
of a strike on Iran in the coming days. We
are being told there are potential plans for a weekend strike,
although this situation is evolving. Earlier today, speaking to reporters,
(00:21):
President Trump remained coy about whether the US would join
Israel's offensive.
Speaker 2 (00:27):
I have ideas as to what to do, but I
haven't Madinal.
Speaker 3 (00:29):
I like to make the final decision one second before
it's due, you know, because things change, I.
Speaker 4 (00:33):
Mean, especially with war.
Speaker 2 (00:35):
Things change with war.
Speaker 5 (00:36):
It can go from one extreme to the other.
Speaker 1 (00:39):
That was President Trump speaking there. Meantime, GOP lawmakers addressed
the sixth day of aerial attacks between Israel and Iran.
Here is South Carolina Republican Senator Lindsay Graham.
Speaker 6 (00:51):
Israel has done an amazing job to control these guys.
We have one facility, would be hard to Israel to
hit without our help. We'll see what the prosduct does.
But I've never felt better about the end of the
Iran nuclear program is very close.
Speaker 1 (01:11):
That was South Carolina Senator Lindsay Graham. We go to
monetary policy next. FED officials left interest rates unchanged today,
and they are still penciling in two rate cuts this year.
They say uncertainty over the economic outlook was still high,
but it had diminished. And at the same time, FED
officials lowered their estimates for economic growth this year, and
(01:33):
they raise forecast for both unemployment and inflation. Here is
Fedshair J. Powell in support of our goals.
Speaker 5 (01:39):
Today, the Federal Open Market Committee decided to leave our
policy interest rate unchanged. We believe that the current stance
of monetary policy leaves us well positioned to respond in
a timely way to potential economic development.
Speaker 1 (01:53):
That is Fedshaired J. Powell speaking there. And we got
reaction to the Fed's decision from former FED Vice Chairs
Richard Clarida.
Speaker 7 (02:00):
It is a Davish lean from the committee. I do
know that apparently they took out one cut next year,
but that's way down the road, so they still have
those two cuts in even though they see more inflation
than they did in March.
Speaker 1 (02:14):
That is former FED Vice Chair Richard clarat Is speaking there. Meantime,
President Trump once again criticized FED Chair J. Powell for
his refusal to lower interest rates. And we heard from
Massachusetts Democratic Senator Elizabeth Warren. She stressed the importance of
an independent FED. Warren spoke with Bloomberg's Balance of Power.
Speaker 3 (02:33):
Donald Trump has really crowded the FED into pretty much
an untenable position. The FED raises rates and they further
soften the job market. They lower rates, and they run
the risk of igniting inflation. And that's the problem they've
got right now. And it's all self inflicted because of
(02:54):
what Donald Trump has.
Speaker 6 (02:55):
Been up to.
Speaker 1 (02:56):
Elizabeth Warren there, the Democratic senator from Massachusetts. The Trump
administration is urging the Supreme Court to turn away a
request for fast track review of the president's tariffs. The
administration said that justices should give lower courts more time
to weigh in. Here's Bloomberg's Greg store yesterday.
Speaker 4 (03:16):
One of the challengers to companies that make educational toys.
They had won a federal district judge ruling a few
weeks ago, and they urged the Supreme Court not to
wait for a federal appeals court to review their case,
but to bypass that stage and take up their challenge
right away so that we could get a ruling, maybe
as early as this fall.
Speaker 1 (03:37):
And that is Bloomberg's Gregg's Store. Microsoft is planning to
cut thousands of jobs, particularly in sales more from Bloomberg's
Charlie Pellett.
Speaker 2 (03:46):
It's part of the company's latest move to Trimmitt's workforce
amid heavy spending on artificial intelligence. Sources tell Bloomberg. The
cuts are expected to be announced early next month, following
the end of Microsoft's fiscal year. Say the reductions will
not exclusively affect sales teams, and the timing could still change.
The terminations would follow a previous round of layoffs in
(04:09):
May that hit six thousand people and fell hardest on
product and engineering positions in New York.
Speaker 1 (04:16):
Charlie Pellett, Bloomberg Radio and we go to Sports next.
The Bus family has agreed to sell majority ownership of
the Los Angeles Lakers. We are told the buyer is
Mark Walter, the CEO of Guggenheim Partners. Genie Buss will
continue to serve in the role of governor after the sale.
Walter has interest in multiple professional sports teams. They include
(04:38):
the Los Angeles Dodgers and the Los Angeles Sparks. And
That is News when you want it with Bloomberg News. Now,
I'm Doug Krisner, and this is Bloomberg
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