Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Hours after President Trump excoriated Republicans at a private lunch for backing a war powers resolution to end the Iran conflict, the Senate voted down a separate resolution as two Republicans flipped their votes. Senator Bill Cassidy of Louisiana told reporters he changed his vote after he was reassured by a private briefing he received after engaging in a shouting match with the president at the lunch. And Senator Rand Paul flipped his vote to present, posting on X that he wanted to give the peace talks a chance. The moves are mostly symbolic, but Trump had complained to senators that the passage of the resolution on Tuesday had undermined his negotiating position with the Iranians at a sensitive time, senators said.
2) Micron Technology surged in premarket trading after its quarterly sales forecast exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. The company has secured strategic customer agreements that average three years in length, which suggests it can mitigate boom-and-bust cycles in the memory chip industry. Micron's revenue will be approximately $50 billion in the fiscal fourth quarter, with profit of about $31 a share, compared with analyst projections of $43.2 billion and $25.31, respectively.
3) The European Union's US trade deal is set to go into effect after the bloc gave its final sign-off. The EU will erase levies on US industrial goods and some agriculture products in exchange for a 15% tariff ceiling on its US exports. The transatlantic trade relationship remains strained due to unresolved disagreements over issues like metals tariffs and tech regulations.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Hours after President Trump excoriated Republicans at a private lunch for backing a war powers resolution to end the Iran conflict, the Senate voted down a separate resolution as two Republicans flipped their votes. Senator Bill Cassidy of Louisiana told reporters he changed his vote after he was reassured by a private briefing he received after engaging in a shouting match with the president at the lunch. And Senator Rand Paul flipped his vote to present, posting on X that he wanted to give the peace talks a chance. The moves are mostly symbolic, but Trump had complained to senators that the passage of the resolution on Tuesday had undermined his negotiating position with the Iranians at a sensitive time, senators said. 2) Micron Technology surged in premarket trading after its quarterly sales forecast exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. The company has secured strategic customer agreements that average three years in length, which suggests it can mitigate boom-and-bust cycles in the memory chip industry. Micron's revenue will be approximately $50 billion in the fiscal fourth quarter, with profit of about $31 a share, compared with analyst projections of $43.2 billion and $25.31, respectively. 3) The European Union's US trade deal is set to go into effect after the bloc gave its final sign-off. The EU will erase levies on US industrial goods and some agriculture products in exchange for a 15% tariff ceiling on its US exports. The transatlantic trade relationship remains strained due to unresolved disagreements over issues like metals tariffs and tech regulations.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Senate Reverses Course on Iran; Micron Soars on Forecast

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