June 9, 2026 • 20 mins
Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump renewed his claims of momentum toward ending the conflict with Iran after a halt to hostilities between Israel and Iran. Iran and Israel agreed to halt strikes on each other following a flare-up that saw both countries launch waves of ballistic missiles, with a ceasefire in place for about two months. Trump told reporters that "we're in the final throes of what will be a very, very good deal" and that they "could have at least an idea one or two days from now" about the deal.
2) The race for California governor is on track for a two-person runoff in November between Xavier Becerra and Steve Hilton. Becerra took first place in the primary with more than 27% of the vote, while Hilton was in second at 25%, according to a tally by Decision Desk HQ. The runoff sets up a showdown along party lines for the governorship of the nation’s most populous state, with Becerra vowing to tackle California’s affordability crisis and Hilton campaigning on criticizing Democratic power in California.
3) The New York Knicks lost their first home NBA Finals game at Madison Square Garden since 1999, with a 115-111 loss to the San Antonio Spurs. Tickets for the game were priced as high as six figures, with demand so high that secondary market tickets reached well into the thousands. The game was attended by notable figures including President Donald Trump, New York City Mayor Zohran Mamdani, and celebrities such as Spike Lee, Jay-Z, and Jon Stewart.
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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the latest developments from the Middle East.
Iran and Israel have agreed to stop fighting after a
flare up of missile attacks over the weekend, and now
President Trump says peace talks are back on track.
Speaker 4 (00:27):
We have ongoing negotiations in Iran and with Iran that
hasn't stopped, and we could have at least an idea
by one.
Speaker 5 (00:39):
Or two days from now.
Speaker 3 (00:40):
President Trump spoke with reporters in New York. We get
more from Bloomberg Sabirabu Omar in Dubai.
Speaker 6 (00:45):
He said that we could see a deal within a
day or two. He said that Prime Minister Nataannaho in
Israel had the right to retaliate against Iran's attacks. But
what we've seen unfold over yesterday was some escalation. I mean,
I would say the most serious escalation since the ceasefire
was reached in the beginning of April, especially got Israel
(01:07):
had hit Iran some plans there a petrochemical plant where
Irenian officials had to evacuate personnel. It had some cities
in central Tehran and also western Tehran, leading Iran to
also hit northern parts of Israel and Bloomberg.
Speaker 3 (01:21):
Sabira albo Omar reports both Israel and to Ron have
threatened to attack again if either side resume strikes. Meantime,
a US Army Apache helicopter went down near the Strait
of Horror Moves overnight, though it's not clear if it
was shot down or suffered mechanical problems. President Trump says
the pilots are fine and a report will be released
on the crash later today.
Speaker 2 (01:40):
Well Nathan, former Defense Secretary Lloyd Austin is weighing in
on the war with a run the Pentagon Chief under
former President Joe Biden says restoring freedom of navigation through
the Strait of Horror Moves is key.
Speaker 7 (01:52):
Well, certainly the United States Navy could open a straight
for moves, and holding it open for a long period
of time, we'd be would be pretty costly, and so
we'd like to see an international effort if if that's
the case, If if we get it open, we want
to get allies and partners involved in that.
Speaker 2 (02:11):
Former Defense Secretary Lloyd Austin spoke with the Bloomberg at
the HSBC Golf Cooperation Council Exchanges Conference in London, and
catch the full conversation on our new video hub on
the Bloomberg Business app.
Speaker 3 (02:24):
Well, Karen, now we want to get you caught up
on politics, because after nearly a week of vote counting,
the primary results of here set in the race for
California governor. With eighty three percent of ballots counted, Decision
Desk HQ is projecting Republican Steve Hilton will advance to
face Democrat Javier Bisera in the November general election. Right now,
Biserah leads with twenty seven point seven percent of the vote,
(02:44):
Hilton's in second with twenty five point one percent, and
Democrat Tom Steyers trailing in third with twenty two point
four percent. Mail in ballots are allowed to arrive up
to a week after election day in California. That's led
President Trump to repeat claims the election is real.
Speaker 4 (03:01):
They voted five days ago, and nobody has any idea
where the votes are, what's going to happen, and we
don't want that. We're not going to allow that to
happen to our nation.
Speaker 3 (03:10):
I was President Trump at a telephone rally in Kentucky
last night. Many of the late arriving ballots have favored
Tom Steyer, but he is ultimately projected to fall short
of overtaking Steve Hilton Nathan.
Speaker 2 (03:21):
Primary elections continue today, with voters heading to the polls
in Maine, Nevada, and North Dakota, and South Carolina, and
Bloomberg's Amy Morris reports Democrats may be taking a big risk.
In Maine.
Speaker 1 (03:33):
Graham Platner is the leading contender for the Democratic nomination
to challenge and comet Republican Susan Collins, but a string
of revelations about his behavior may tank his chances. The
race is vital to any chance of Democrats winning back
the Senate. Nevada's governor faces six Republican challengers in a
state primary, while six Democrats will compete for the nomination
(03:53):
to reclaim the seat in November. North Dakota's only US
House member is facing a primary challenge, and South Carolina
voters will choose nominees for governor, one of whom Lieutenant
Governor Pamela Evatt, has President Trump's endorsement. In Washington, Amy
Morris Bloomberg.
Speaker 8 (04:09):
Radio, Amy.
Speaker 3 (04:10):
Thanks, Let's turn our attention down to the NBA Finals,
where the San Antonio Spurs have made it a series.
They beat the Knicks in New York to take Game
three in Bloomberg's. John stash Hower joins us with the recap, John.
Speaker 9 (04:23):
Nathan, it was the next first home game in two
and a half weeks, and it turned out to be
their first loss in forty six days. They had won
thirteen games in a row. But the Spurs in the
final half minute led by three and had the ball,
had a nine.
Speaker 10 (04:36):
Second different shot clock in game clock.
Speaker 8 (04:39):
Tiles holding God to Webby. Fox gets into the pat, puts.
Speaker 3 (04:43):
Up, jumper, got it, deeferent Fox will a clutch fucking
right there, and it's back to a.
Speaker 8 (04:48):
Five point game time out.
Speaker 9 (04:50):
We're twelve poor, two remaining ABC and the calls and
Antonio won one fifteen one to eleven. Victor Webenyama score
thirty two points. So the Jalen Brunson to defeat this
series now two to one, with a big game four
tomorrow at the Garden.
Speaker 8 (05:02):
John stanshyeware bloo McGrady, all right, John, thank you.
Speaker 2 (05:05):
It was quite a scene at Madison Square Garden for
the next first Finals home game since nineteen ninety nine,
President Trump and New York City Mayor Mom Donnie. Those
are just some of those in attendance as security concerns
clogged as sidewalks outside of the arena itself, and Bloomber's
John Tucker joins us with the very latest John Good morning.
Speaker 11 (05:23):
Good morning, Karen. Donald Trump became the first sitting US
president to attend an NBA Finals game, and when the
President's face was shown on the jumbo tron Trump's attendance,
it also brought a bronx cheer from Senator Chuck Schumer.
Speaker 3 (05:44):
Trump can't bear letting anyone else be the center of
the tension for one night.
Speaker 11 (05:48):
Well, those with tickets were asked to get to the
game two hours early. They also had to pass through magnetometers.
Most fans did take it in stride.
Speaker 8 (05:55):
New Yorkers are very resilient. We'll find a way to
make it fun.
Speaker 11 (05:58):
When the presidential security met Knicks fan, so we're hoping
to stand outside the arena for the traditional watch parties,
they had to find another spot. There was a long
line to enter Woman's Rink in Central Park, where a
series of pickleball courts had been converted into a fan
viewing area. The central park, local bars or your living
room were the only options for most tickets for the
(06:19):
game of the secondary market approached and sometimes surpassed Manhattan
rent checks in New York on John Tucker Bloomberg Radio.
Speaker 8 (06:26):
Yeah that's the true Thank you, John.
Speaker 7 (06:27):
Well.
Speaker 8 (06:28):
Let's turn to the markets now.
Speaker 3 (06:29):
Nasdaq futures once again are leading the way higher after
yesterday's gains. The NASDAK grows nine tenths percent. Stocks in
South Korea recouped just about all of yesterday's more than
eight percent plunged today.
Speaker 8 (06:40):
The cospianex rows eight point two percent.
Speaker 2 (06:42):
And Nathan, we have several developments this morning on the
IPO front. Open Ai has filed confidentiality for an initial
public offering as it joins rivals and tapping public markets
to fund ambitious growth plans. So as to say, the
maker of chat gpt is working on a potential listing
as soon as this fall. Michael Hitha covers the IPO market.
Speaker 12 (07:01):
For Bloomberg another week, another multi billion plan for an
IPO of an AI company.
Speaker 8 (07:06):
The race is on against anthropic.
Speaker 12 (07:08):
What Open the I is saying today is simply that
they announced that they had filed confidentially for an IPO
because they thought it was going to leak anyway.
Speaker 8 (07:15):
So they put that out there.
Speaker 12 (07:16):
The announcement notably says that they have not decided on timing,
that the company is perhaps doing things which might be
better done as a private company for a while, and
the decision on that will come later.
Speaker 2 (07:26):
And Bloomber's Michael Hype says the Sam Altman led firm
also plans to launch a tender sale of its shares
to provide liquidity to employees in the coming weeks before
the company goes public.
Speaker 3 (07:36):
Well Meanwhile, Karen SpaceX's IPO is said to be well
over subscribed, with orders closing tomorrow. We get that story
from Bloomberg's Charlie Pellett.
Speaker 13 (07:44):
Demand is building for a potentially record setting debut. Emily
Green is head of private wealth management at Elvest, and
she says there are very mixed investor views.
Speaker 2 (07:55):
The SpaceX IPO is so controversial, Like there's the people
who cannot wait to get access to it, and then
there's the people.
Speaker 8 (08:02):
I have gotten so many emails like make sure that
I do not own this.
Speaker 13 (08:05):
SpaceX's IPO is expected to price June eleventh, and trade
the following day in New York Charlie Pellett's Bloomberg.
Speaker 8 (08:13):
Radio Charlie, Thank you Well.
Speaker 2 (08:15):
Apple has used its Worldwide Developers Conference to introduce a
new generation of products, including an overhauled assistant called SIRIAI
to compete in the AI era. Begin more with the
Bloomberg Tech host ed ludlow and Coopertino, California.
Speaker 14 (08:30):
It is Siri AI. It comes in the form of
a standalone app. It comes with a chatbot interface. It
is also interoperable. Siri AI will work across iOS with iPhone,
mac os, with mac iPad, os with iPad. You get
the idea. The whole point is that you can start
a project, something meaningfully useful on one device and carry
it over into another.
Speaker 2 (08:52):
And Bloomberg techo said ludlow As that this marked Tim
Cook's fifteenth and final Worldwide Developers Conference as Chief executive
of Apple. John Turnas takes over September.
Speaker 3 (09:02):
First, We've got some deal news this morning, Karen. That's
got shares of New Valent surging thirty eight and a
half percent pre market. The Cambridge, Massachusetts based biotech is
being bought by the UK's GSK for ten point six
billion dollars new valent designs precisely targeted therapies frontology patients,
including lung cancer.
Speaker 2 (09:24):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that we're joined by a Bloomberg's Michael Barr.
Speaker 8 (09:30):
Michael, good morning, Good morning, Karen.
Speaker 15 (09:32):
Residents across eight northern California counties face potential power outages
later this week as dry, gusty winds increase wildfire risk.
Bloomberg medirologist Craig Allen has the latest.
Speaker 16 (09:45):
Red flag warnings are already in effect for portions of
northern California, especially in the Sacramento Valley about twenty to
thirty miles either side of Interstate five and north of
Napa and Sacramento. Many counties are also on to the
threat of losing power purposely shut off by PG and E.
Reason being fires could instantly ignite from downpower lines and
(10:08):
spread very rapidly in the hot, dry winds, and the
threat will continue right through the rest of this week.
Speaker 15 (10:15):
Bloomberg neeurologist Craig Allen, Thank you, sir. Three more cases
of the New World screwworm have been confirmed, demonstrating the
difficulty of stopping a pest that could potentially devastate the
nation's cattle industry. The US Department of Agriculture announced though
that the new cases were found in a dog from
New Mexico. Agriculture Secretary Brook Rollins confirmed another animal has
(10:40):
been discovered with the pest.
Speaker 6 (10:42):
Just a couple of hours ago.
Speaker 2 (10:43):
We had an additional confirmation in a goat in Gillespie County, Texas.
Speaker 15 (10:47):
The screw worm is actually a fly which produces a
larvae that eats live flesh instead of dead material. A
federal judge struck down a one hundred thousand dollars fee
President Donald Trump ordered for h one visa applications, saying
it is an unlawful tax. The judge signed it with
California and nineteen other states that sued to block the fee,
(11:10):
arguing it exceeded President Trump's authority and would be detrimental
to key public sectors. The government said it would appeal
the decision. New York City will host a free watch
party in Central Park for the World Cup Final next month.
Mayor Zorin Mamdani looks to make the international soccer tournament
accessible to those who can afford to attend matches in person.
Speaker 4 (11:34):
The most iconic match of the most iconic tournament in
the world deserves to be watched in the most iconic
park in the world, with the most iconic skyline as
its backdrop.
Speaker 15 (11:44):
The event on July nineteenth is expected to accommodate more
than fifty thousand people and will be held on the
Great Lawn in Central Park. Global News twenty four hours
a day and whenever you want it with Bloomberg News Now.
I'm Michael Barrn. This is Blue Karen.
Speaker 2 (12:00):
All right, Macabar, thank you time now for the Bloomberg
Scores update. It's brought to you by Flushing Bank, a
division of Ocean First Bank, and we bring back in
John stash Hour.
Speaker 8 (12:15):
John, Good morning, morning, Karen. Yes, the streak is over.
Lasted six and a half weeks.
Speaker 9 (12:19):
The Knicks one thirteen knsanka the playoff games, and all
but two were in double figures. It included two series
sweeps and then two thrilling wins to start the NBA
Finals in San Antonio. But back at the Garden with
fans paying exorbitant prices, the Spurs prevailed in game three one,
fifteen to one to eleven. Victor webn Yama, who made
costly mistakes in the finnament of Game two, had by
(12:41):
far his best game of the series, thirty two points,
ten in the fourth quarter, eight rebounds, six assists, three blocks.
Speaker 8 (12:46):
Stephan castle At in twenty.
Speaker 9 (12:47):
Three sealed the win with two free throws with seven
seconds ago for the Knicks. In defeat, Jalen Brunson and
Ogiananobi combined to.
Speaker 8 (12:54):
Score sixty o g was the Knicks best player.
Speaker 9 (12:57):
There were three people on the court that Knicks coach
Brown was not happy about.
Speaker 10 (13:02):
They won the game tonight. They came and took the game.
But I will say this, I never thought I'd be
in the NBA Finals and see a team get twenty
four free throw attempts in the second half to none
of the team's eight.
Speaker 9 (13:22):
So clearly not pleased with the officiated Karl Anthony Towns
offered another reason for the loss.
Speaker 5 (13:27):
Turned the ball over and execute. Didn't do what got
us thirteen straight wins in a row. That's how you
lose a game. We didn't do what we didn't doing
for thirteen. We decided to signed different. I ain't gonna
work and I'm throwing the ball away is a clear
indication of how you're gonna lose a game, especially in
the playoffs.
Speaker 8 (13:44):
So it's now two to one.
Speaker 9 (13:46):
Nixon, you cannot overestimate the importance of tomorrow's game for
back at MSG and Nicks win. They're in good shape
up three one A Spurs win is to two. San
Antonio will have regained home court advantage. Stanley Cup final
game for tonight in Vegas Golden Night. It's lead Carolina
two to one. They have split overtime games of the
last two. Peter Lobby Alatt, fired last year by the Rangers,
(14:06):
named the duke coach of the La Kings. This will
be his sixth NHL jobby as coach is the seventh
most wins in history. In Cleveland and Cody Bellinger two
run single tenth and in the Yankees beat the Guardians
seven to five. Tampa Baby at the Red Sox three
to one. The Rays and Yanks stay tied for first,
and Mets are home tonight to play the Cardinals. John Stasha,
I went Bloomberg Sports Karen Eaven.
Speaker 1 (14:27):
Stay with us.
Speaker 2 (14:28):
More from Bloomberg Daybreak coming up after this.
Speaker 15 (14:35):
Coast to Coast on Bloomberg Radio nationwide on Sirius Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business app.
Speaker 8 (14:44):
This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.
Speaker 3 (14:47):
After one of the worst flare ups in fighting since
the us CS fire where Iran began two months ago,
Israel and Iran say they've both agreed to stop attacks
for now after a call for cooler heads from President Trump,
and now the President says to go Bgotiations on an
interim peace steal are back on track.
Speaker 4 (15:03):
We've been a very tough team and I think we
are winning that battle, but you're really going to win
it over the next two weeks. When we declared total victory.
Speaker 3 (15:11):
That was President Trump speaking at a tell rally in
Kentucky last night. Joining us this morning from Dubai is
Bloomberg Middle East correspondent.
Speaker 8 (15:19):
Abir Abu almar So. Abir.
Speaker 3 (15:21):
We've seen the flare up since Sunday. Where do things
stand now that things appear to be calming down?
Speaker 6 (15:29):
Good morning, Good morning, Nathan, But yeah, stalemate again. We
saw the worst hostilities yesterday since the ceasefire on April
eighth was reached, and this is because Israel and Iran
were exchanging fires directly, with Iran hitting northern parts of
Israel and then Israel hitting western and central cities in
(15:51):
the capital Tehran. It also hit a petrochemical plant, leading
Iranian officials to evacuate personnel. Now, President Trump had spoken
to Benjamin Nettanna, who over on Monday, and told him
to essentially not retaliate, to which Natanya, who agreed. The
Iranian side had also come out and said that it
would hold fire, but it will respond if Israel continues
(16:14):
head hitting the southern part of Lebanon. But look, President
Trump came out this morning as well as spoke to
reporters in New York saying that ongoing negotiations with Iran
are still happening. He said that we could have an
idea on the Iran deal by one or two days
at this point, and he said that the blockade and
the strait of her moods will continue to hold until
(16:37):
this MoU or the interim deal that we've been talking
about over the past couple of months, comes to place. Essentially, Now,
this is not a narrative that we haven't heard over
the past couple of months. President Trump does have the
incentive to strike a deal. He does have the incentive
to come to the table with Iran, especially with the
pressure that he's facing domestically with those with the those
(17:00):
elections coming up, the midterm elections coming up. Iran, on
the other hand, still keeps the same line that Lebanon,
which has emerged as the final sticking point for it is,
continues to be a sticking point essentially and says that
it will not come to the negotiating table unless those
attacks against the suburbs of southern Lebanon sees to happen
(17:24):
by Israel, to which Israel has said no. Essentially.
Speaker 3 (17:28):
It sounds then like Hezbola in Lebanon could still be
a wildcard.
Speaker 8 (17:32):
Is that the case of her.
Speaker 6 (17:34):
Yeah, look absolutely, Hesbela has been firing against the northern
parts of Israel in the past few days. Israel has
its deep deepest, excuse me, deepest sort of entry into
Lebanon over the past twenty five years, since two thousand
and so, those hostilities between the militia that is backed
by Iran and the IDEF have been happening even since
(17:58):
even the ceasefire that is currently in place, and that
really gets to show you how fragile this wider ceasefire
is because you have a lot of smaller militants that
are taking part in the fight. Another militant group that
is backed by Iran as well, the Hothies, came out
yesterday and they've been pretty silent since the start of
(18:20):
this whole thing about one hundred days ago, Nathan, But
they came out yesterday and when the attacks between Israel
and Iran happened, and they said that they will issue
a ban on maritime traffic Israeli maritime traffic in the
Red Sea and the babyin Mendeb Strait, which has been
immune from what we've been seeing happening in the Strait
of Her Moves. So you're seeing these parallel fights that
(18:42):
are happening at the same time as the wider fight
between the US, Israel, and Iran. In meantime, all prices
are stillid about ninety three to ninety five dollars a barrel.
Speaker 8 (18:53):
The Strait of Her Moods is still closed.
Speaker 6 (18:55):
And the other concessions that we have been talking about
over the past two months or so, including the highly
enriched uranium, including the frozen assets twenty four billion dollars
of those those are still very much not resolved. But
again we go back to wait and see mode and
see whether President Trump's remarks about an imminent deal are
actually going to materialize over the next few days.
Speaker 2 (19:19):
This is Bloomberg day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Speaker 3 (19:26):
Look for us on your podcast feed by six am
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Speaker 2 (19:32):
You can also listen live each morning starting at five
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Speaker 3 (19:46):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 3 (20:04):
I'm Karen Moscow and I'm Nathan Hager. Join us again
tomorrow morning for all the news you need to start
your day. Right here on Bloomberg Day, Bray
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the latest developments from the Middle East.
Iran and Israel have agreed to stop fighting after a
flare up of missile attacks over the weekend, and now
President Trump says peace talks are back on track.
Speaker 4 (00:27):
We have ongoing negotiations in Iran and with Iran that
hasn't stopped, and we could have at least an idea
by one.
Speaker 5 (00:39):
Or two days from now.
Speaker 3 (00:40):
President Trump spoke with reporters in New York. We get
more from Bloomberg Sabirabu Omar in Dubai.
Speaker 6 (00:45):
He said that we could see a deal within a
day or two. He said that Prime Minister Nataannaho in
Israel had the right to retaliate against Iran's attacks. But
what we've seen unfold over yesterday was some escalation. I mean,
I would say the most serious escalation since the ceasefire
was reached in the beginning of April, especially got Israel
(01:07):
had hit Iran some plans there a petrochemical plant where
Irenian officials had to evacuate personnel. It had some cities
in central Tehran and also western Tehran, leading Iran to
also hit northern parts of Israel and Bloomberg.
Speaker 3 (01:21):
Sabira albo Omar reports both Israel and to Ron have
threatened to attack again if either side resume strikes. Meantime,
a US Army Apache helicopter went down near the Strait
of Horror Moves overnight, though it's not clear if it
was shot down or suffered mechanical problems. President Trump says
the pilots are fine and a report will be released
on the crash later today.
Speaker 2 (01:40):
Well Nathan, former Defense Secretary Lloyd Austin is weighing in
on the war with a run the Pentagon Chief under
former President Joe Biden says restoring freedom of navigation through
the Strait of Horror Moves is key.
Speaker 7 (01:52):
Well, certainly the United States Navy could open a straight
for moves, and holding it open for a long period
of time, we'd be would be pretty costly, and so
we'd like to see an international effort if if that's
the case, If if we get it open, we want
to get allies and partners involved in that.
Speaker 2 (02:11):
Former Defense Secretary Lloyd Austin spoke with the Bloomberg at
the HSBC Golf Cooperation Council Exchanges Conference in London, and
catch the full conversation on our new video hub on
the Bloomberg Business app.
Speaker 3 (02:24):
Well, Karen, now we want to get you caught up
on politics, because after nearly a week of vote counting,
the primary results of here set in the race for
California governor. With eighty three percent of ballots counted, Decision
Desk HQ is projecting Republican Steve Hilton will advance to
face Democrat Javier Bisera in the November general election. Right now,
Biserah leads with twenty seven point seven percent of the vote,
(02:44):
Hilton's in second with twenty five point one percent, and
Democrat Tom Steyers trailing in third with twenty two point
four percent. Mail in ballots are allowed to arrive up
to a week after election day in California. That's led
President Trump to repeat claims the election is real.
Speaker 4 (03:01):
They voted five days ago, and nobody has any idea
where the votes are, what's going to happen, and we
don't want that. We're not going to allow that to
happen to our nation.
Speaker 3 (03:10):
I was President Trump at a telephone rally in Kentucky
last night. Many of the late arriving ballots have favored
Tom Steyer, but he is ultimately projected to fall short
of overtaking Steve Hilton Nathan.
Speaker 2 (03:21):
Primary elections continue today, with voters heading to the polls
in Maine, Nevada, and North Dakota, and South Carolina, and
Bloomberg's Amy Morris reports Democrats may be taking a big risk.
In Maine.
Speaker 1 (03:33):
Graham Platner is the leading contender for the Democratic nomination
to challenge and comet Republican Susan Collins, but a string
of revelations about his behavior may tank his chances. The
race is vital to any chance of Democrats winning back
the Senate. Nevada's governor faces six Republican challengers in a
state primary, while six Democrats will compete for the nomination
(03:53):
to reclaim the seat in November. North Dakota's only US
House member is facing a primary challenge, and South Carolina
voters will choose nominees for governor, one of whom Lieutenant
Governor Pamela Evatt, has President Trump's endorsement. In Washington, Amy
Morris Bloomberg.
Speaker 8 (04:09):
Radio, Amy.
Speaker 3 (04:10):
Thanks, Let's turn our attention down to the NBA Finals,
where the San Antonio Spurs have made it a series.
They beat the Knicks in New York to take Game
three in Bloomberg's. John stash Hower joins us with the recap, John.
Speaker 9 (04:23):
Nathan, it was the next first home game in two
and a half weeks, and it turned out to be
their first loss in forty six days. They had won
thirteen games in a row. But the Spurs in the
final half minute led by three and had the ball,
had a nine.
Speaker 10 (04:36):
Second different shot clock in game clock.
Speaker 8 (04:39):
Tiles holding God to Webby. Fox gets into the pat, puts.
Speaker 3 (04:43):
Up, jumper, got it, deeferent Fox will a clutch fucking
right there, and it's back to a.
Speaker 8 (04:48):
Five point game time out.
Speaker 9 (04:50):
We're twelve poor, two remaining ABC and the calls and
Antonio won one fifteen one to eleven. Victor Webenyama score
thirty two points. So the Jalen Brunson to defeat this
series now two to one, with a big game four
tomorrow at the Garden.
Speaker 8 (05:02):
John stanshyeware bloo McGrady, all right, John, thank you.
Speaker 2 (05:05):
It was quite a scene at Madison Square Garden for
the next first Finals home game since nineteen ninety nine,
President Trump and New York City Mayor Mom Donnie. Those
are just some of those in attendance as security concerns
clogged as sidewalks outside of the arena itself, and Bloomber's
John Tucker joins us with the very latest John Good morning.
Speaker 11 (05:23):
Good morning, Karen. Donald Trump became the first sitting US
president to attend an NBA Finals game, and when the
President's face was shown on the jumbo tron Trump's attendance,
it also brought a bronx cheer from Senator Chuck Schumer.
Speaker 3 (05:44):
Trump can't bear letting anyone else be the center of
the tension for one night.
Speaker 11 (05:48):
Well, those with tickets were asked to get to the
game two hours early. They also had to pass through magnetometers.
Most fans did take it in stride.
Speaker 8 (05:55):
New Yorkers are very resilient. We'll find a way to
make it fun.
Speaker 11 (05:58):
When the presidential security met Knicks fan, so we're hoping
to stand outside the arena for the traditional watch parties,
they had to find another spot. There was a long
line to enter Woman's Rink in Central Park, where a
series of pickleball courts had been converted into a fan
viewing area. The central park, local bars or your living
room were the only options for most tickets for the
(06:19):
game of the secondary market approached and sometimes surpassed Manhattan
rent checks in New York on John Tucker Bloomberg Radio.
Speaker 8 (06:26):
Yeah that's the true Thank you, John.
Speaker 7 (06:27):
Well.
Speaker 8 (06:28):
Let's turn to the markets now.
Speaker 3 (06:29):
Nasdaq futures once again are leading the way higher after
yesterday's gains. The NASDAK grows nine tenths percent. Stocks in
South Korea recouped just about all of yesterday's more than
eight percent plunged today.
Speaker 8 (06:40):
The cospianex rows eight point two percent.
Speaker 2 (06:42):
And Nathan, we have several developments this morning on the
IPO front. Open Ai has filed confidentiality for an initial
public offering as it joins rivals and tapping public markets
to fund ambitious growth plans. So as to say, the
maker of chat gpt is working on a potential listing
as soon as this fall. Michael Hitha covers the IPO market.
Speaker 12 (07:01):
For Bloomberg another week, another multi billion plan for an
IPO of an AI company.
Speaker 8 (07:06):
The race is on against anthropic.
Speaker 12 (07:08):
What Open the I is saying today is simply that
they announced that they had filed confidentially for an IPO
because they thought it was going to leak anyway.
Speaker 8 (07:15):
So they put that out there.
Speaker 12 (07:16):
The announcement notably says that they have not decided on timing,
that the company is perhaps doing things which might be
better done as a private company for a while, and
the decision on that will come later.
Speaker 2 (07:26):
And Bloomber's Michael Hype says the Sam Altman led firm
also plans to launch a tender sale of its shares
to provide liquidity to employees in the coming weeks before
the company goes public.
Speaker 3 (07:36):
Well Meanwhile, Karen SpaceX's IPO is said to be well
over subscribed, with orders closing tomorrow. We get that story
from Bloomberg's Charlie Pellett.
Speaker 13 (07:44):
Demand is building for a potentially record setting debut. Emily
Green is head of private wealth management at Elvest, and
she says there are very mixed investor views.
Speaker 2 (07:55):
The SpaceX IPO is so controversial, Like there's the people
who cannot wait to get access to it, and then
there's the people.
Speaker 8 (08:02):
I have gotten so many emails like make sure that
I do not own this.
Speaker 13 (08:05):
SpaceX's IPO is expected to price June eleventh, and trade
the following day in New York Charlie Pellett's Bloomberg.
Speaker 8 (08:13):
Radio Charlie, Thank you Well.
Speaker 2 (08:15):
Apple has used its Worldwide Developers Conference to introduce a
new generation of products, including an overhauled assistant called SIRIAI
to compete in the AI era. Begin more with the
Bloomberg Tech host ed ludlow and Coopertino, California.
Speaker 14 (08:30):
It is Siri AI. It comes in the form of
a standalone app. It comes with a chatbot interface. It
is also interoperable. Siri AI will work across iOS with iPhone,
mac os, with mac iPad, os with iPad. You get
the idea. The whole point is that you can start
a project, something meaningfully useful on one device and carry
it over into another.
Speaker 2 (08:52):
And Bloomberg techo said ludlow As that this marked Tim
Cook's fifteenth and final Worldwide Developers Conference as Chief executive
of Apple. John Turnas takes over September.
Speaker 3 (09:02):
First, We've got some deal news this morning, Karen. That's
got shares of New Valent surging thirty eight and a
half percent pre market. The Cambridge, Massachusetts based biotech is
being bought by the UK's GSK for ten point six
billion dollars new valent designs precisely targeted therapies frontology patients,
including lung cancer.
Speaker 2 (09:24):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that we're joined by a Bloomberg's Michael Barr.
Speaker 8 (09:30):
Michael, good morning, Good morning, Karen.
Speaker 15 (09:32):
Residents across eight northern California counties face potential power outages
later this week as dry, gusty winds increase wildfire risk.
Bloomberg medirologist Craig Allen has the latest.
Speaker 16 (09:45):
Red flag warnings are already in effect for portions of
northern California, especially in the Sacramento Valley about twenty to
thirty miles either side of Interstate five and north of
Napa and Sacramento. Many counties are also on to the
threat of losing power purposely shut off by PG and E.
Reason being fires could instantly ignite from downpower lines and
(10:08):
spread very rapidly in the hot, dry winds, and the
threat will continue right through the rest of this week.
Speaker 15 (10:15):
Bloomberg neeurologist Craig Allen, Thank you, sir. Three more cases
of the New World screwworm have been confirmed, demonstrating the
difficulty of stopping a pest that could potentially devastate the
nation's cattle industry. The US Department of Agriculture announced though
that the new cases were found in a dog from
New Mexico. Agriculture Secretary Brook Rollins confirmed another animal has
(10:40):
been discovered with the pest.
Speaker 6 (10:42):
Just a couple of hours ago.
Speaker 2 (10:43):
We had an additional confirmation in a goat in Gillespie County, Texas.
Speaker 15 (10:47):
The screw worm is actually a fly which produces a
larvae that eats live flesh instead of dead material. A
federal judge struck down a one hundred thousand dollars fee
President Donald Trump ordered for h one visa applications, saying
it is an unlawful tax. The judge signed it with
California and nineteen other states that sued to block the fee,
(11:10):
arguing it exceeded President Trump's authority and would be detrimental
to key public sectors. The government said it would appeal
the decision. New York City will host a free watch
party in Central Park for the World Cup Final next month.
Mayor Zorin Mamdani looks to make the international soccer tournament
accessible to those who can afford to attend matches in person.
Speaker 4 (11:34):
The most iconic match of the most iconic tournament in
the world deserves to be watched in the most iconic
park in the world, with the most iconic skyline as
its backdrop.
Speaker 15 (11:44):
The event on July nineteenth is expected to accommodate more
than fifty thousand people and will be held on the
Great Lawn in Central Park. Global News twenty four hours
a day and whenever you want it with Bloomberg News Now.
I'm Michael Barrn. This is Blue Karen.
Speaker 2 (12:00):
All right, Macabar, thank you time now for the Bloomberg
Scores update. It's brought to you by Flushing Bank, a
division of Ocean First Bank, and we bring back in
John stash Hour.
Speaker 8 (12:15):
John, Good morning, morning, Karen. Yes, the streak is over.
Lasted six and a half weeks.
Speaker 9 (12:19):
The Knicks one thirteen knsanka the playoff games, and all
but two were in double figures. It included two series
sweeps and then two thrilling wins to start the NBA
Finals in San Antonio. But back at the Garden with
fans paying exorbitant prices, the Spurs prevailed in game three one,
fifteen to one to eleven. Victor webn Yama, who made
costly mistakes in the finnament of Game two, had by
(12:41):
far his best game of the series, thirty two points,
ten in the fourth quarter, eight rebounds, six assists, three blocks.
Speaker 8 (12:46):
Stephan castle At in twenty.
Speaker 9 (12:47):
Three sealed the win with two free throws with seven
seconds ago for the Knicks. In defeat, Jalen Brunson and
Ogiananobi combined to.
Speaker 8 (12:54):
Score sixty o g was the Knicks best player.
Speaker 9 (12:57):
There were three people on the court that Knicks coach
Brown was not happy about.
Speaker 10 (13:02):
They won the game tonight. They came and took the game.
But I will say this, I never thought I'd be
in the NBA Finals and see a team get twenty
four free throw attempts in the second half to none
of the team's eight.
Speaker 9 (13:22):
So clearly not pleased with the officiated Karl Anthony Towns
offered another reason for the loss.
Speaker 5 (13:27):
Turned the ball over and execute. Didn't do what got
us thirteen straight wins in a row. That's how you
lose a game. We didn't do what we didn't doing
for thirteen. We decided to signed different. I ain't gonna
work and I'm throwing the ball away is a clear
indication of how you're gonna lose a game, especially in
the playoffs.
Speaker 8 (13:44):
So it's now two to one.
Speaker 9 (13:46):
Nixon, you cannot overestimate the importance of tomorrow's game for
back at MSG and Nicks win. They're in good shape
up three one A Spurs win is to two. San
Antonio will have regained home court advantage. Stanley Cup final
game for tonight in Vegas Golden Night. It's lead Carolina
two to one. They have split overtime games of the
last two. Peter Lobby Alatt, fired last year by the Rangers,
(14:06):
named the duke coach of the La Kings. This will
be his sixth NHL jobby as coach is the seventh
most wins in history. In Cleveland and Cody Bellinger two
run single tenth and in the Yankees beat the Guardians
seven to five. Tampa Baby at the Red Sox three
to one. The Rays and Yanks stay tied for first,
and Mets are home tonight to play the Cardinals. John Stasha,
I went Bloomberg Sports Karen Eaven.
Speaker 1 (14:27):
Stay with us.
Speaker 2 (14:28):
More from Bloomberg Daybreak coming up after this.
Speaker 15 (14:35):
Coast to Coast on Bloomberg Radio nationwide on Sirius Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business app.
Speaker 8 (14:44):
This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.
Speaker 3 (14:47):
After one of the worst flare ups in fighting since
the us CS fire where Iran began two months ago,
Israel and Iran say they've both agreed to stop attacks
for now after a call for cooler heads from President Trump,
and now the President says to go Bgotiations on an
interim peace steal are back on track.
Speaker 4 (15:03):
We've been a very tough team and I think we
are winning that battle, but you're really going to win
it over the next two weeks. When we declared total victory.
Speaker 3 (15:11):
That was President Trump speaking at a tell rally in
Kentucky last night. Joining us this morning from Dubai is
Bloomberg Middle East correspondent.
Speaker 8 (15:19):
Abir Abu almar So. Abir.
Speaker 3 (15:21):
We've seen the flare up since Sunday. Where do things
stand now that things appear to be calming down?
Speaker 6 (15:29):
Good morning, Good morning, Nathan, But yeah, stalemate again. We
saw the worst hostilities yesterday since the ceasefire on April
eighth was reached, and this is because Israel and Iran
were exchanging fires directly, with Iran hitting northern parts of
Israel and then Israel hitting western and central cities in
(15:51):
the capital Tehran. It also hit a petrochemical plant, leading
Iranian officials to evacuate personnel. Now, President Trump had spoken
to Benjamin Nettanna, who over on Monday, and told him
to essentially not retaliate, to which Natanya, who agreed. The
Iranian side had also come out and said that it
would hold fire, but it will respond if Israel continues
(16:14):
head hitting the southern part of Lebanon. But look, President
Trump came out this morning as well as spoke to
reporters in New York saying that ongoing negotiations with Iran
are still happening. He said that we could have an
idea on the Iran deal by one or two days
at this point, and he said that the blockade and
the strait of her moods will continue to hold until
(16:37):
this MoU or the interim deal that we've been talking
about over the past couple of months, comes to place. Essentially, Now,
this is not a narrative that we haven't heard over
the past couple of months. President Trump does have the
incentive to strike a deal. He does have the incentive
to come to the table with Iran, especially with the
pressure that he's facing domestically with those with the those
(17:00):
elections coming up, the midterm elections coming up. Iran, on
the other hand, still keeps the same line that Lebanon,
which has emerged as the final sticking point for it is,
continues to be a sticking point essentially and says that
it will not come to the negotiating table unless those
attacks against the suburbs of southern Lebanon sees to happen
(17:24):
by Israel, to which Israel has said no. Essentially.
Speaker 3 (17:28):
It sounds then like Hezbola in Lebanon could still be
a wildcard.
Speaker 8 (17:32):
Is that the case of her.
Speaker 6 (17:34):
Yeah, look absolutely, Hesbela has been firing against the northern
parts of Israel in the past few days. Israel has
its deep deepest, excuse me, deepest sort of entry into
Lebanon over the past twenty five years, since two thousand
and so, those hostilities between the militia that is backed
by Iran and the IDEF have been happening even since
(17:58):
even the ceasefire that is currently in place, and that
really gets to show you how fragile this wider ceasefire
is because you have a lot of smaller militants that
are taking part in the fight. Another militant group that
is backed by Iran as well, the Hothies, came out
yesterday and they've been pretty silent since the start of
(18:20):
this whole thing about one hundred days ago, Nathan, But
they came out yesterday and when the attacks between Israel
and Iran happened, and they said that they will issue
a ban on maritime traffic Israeli maritime traffic in the
Red Sea and the babyin Mendeb Strait, which has been
immune from what we've been seeing happening in the Strait
of Her Moves. So you're seeing these parallel fights that
(18:42):
are happening at the same time as the wider fight
between the US, Israel, and Iran. In meantime, all prices
are stillid about ninety three to ninety five dollars a barrel.
Speaker 8 (18:53):
The Strait of Her Moods is still closed.
Speaker 6 (18:55):
And the other concessions that we have been talking about
over the past two months or so, including the highly
enriched uranium, including the frozen assets twenty four billion dollars
of those those are still very much not resolved. But
again we go back to wait and see mode and
see whether President Trump's remarks about an imminent deal are
actually going to materialize over the next few days.
Speaker 2 (19:19):
This is Bloomberg day Break, your morning podcast on the
stories making news from Wall Street to Washington and beyond.
Speaker 3 (19:26):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (19:32):
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two nine in Boston, and nationwide on serious
XM Channel one twenty one.
Speaker 3 (19:46):
Plus listen coast to coast on the Bloomberg Business app
now with Apple CarPlay and Android auto interfaces.
Speaker 2 (19:52):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now and your favorite podcast
platform to stay informed all day long.
Speaker 3 (20:04):
I'm Karen Moscow and I'm Nathan Hager. Join us again
tomorrow morning for all the news you need to start
your day. Right here on Bloomberg Day, Bray
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