Marker 01

Your morning briefing. The news you need in just 15 minutes. 
On today's podcast:

1) Instagram Unveils a Direct Competitor to Twitter

2) New Jersey Governor Phil Murphy Lawyers Up to Fight Congestion Tax

3) Janet Yellen's Long-Awaited Trip to China is Underway 

Your morning briefing. The news you need in just 15 minutes. On today's podcast:
1) Instagram Unveils a Direct Competitor to Twitter
2) New Jersey Governor Phil Murphy Lawyers Up to Fight Congestion Tax
3) Janet Yellen's Long-Awaited Trip to China is Underway

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.

Zuckerberg Takes on Musk; New Jersey Threatens Legal Action Against New York

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a2d74609-fa46-49e3-85af-b037009af4ee/transcript

Today's top stories, with context, in just 15 minutes.  

On today's podcast:  

1) Abdul El-Sayed is projected to win the Democratic US Senate primary in Michigan, according to NBC, defeating Representative Haley Stevens. El-Sayed will face off against Republican Mike Rogers in the general election. Polls had forecast El-Sayed with as much as a double-digit lead over Stevens. Even with the narrower-than-projected result, El-Sayed’s win portends both a reckoning within the Democratic Party as well as smouldering ideological fissures with the Nov. 3 election looming. The 2026 Democratic primary season has been marked by the intra-party squabble between centrists and progressives over the party’s direction.  

2) Oil erased a decline as Yemen's Houthi militant group issued a fresh threat against Middle East shipping, tempering optimism over US-Iran talks. Houthi spokesperson Yahya Saree said the group would escalate attacks on Saudi vessels in the northern Red Sea — a key workaround route during disruption in the Strait of Hormuz. It comes as the prospect of an interim deal focused on the Strait of Hormuz gained traction after Qatar said a proposal had been drafted and both American and Iranian officials sounded hopeful about reopening the crucial waterway.  

3) SpaceX stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. SpaceX reported revenue of $7.8 billion, greater than the $6.81 billion analysts estimated on average, and said it lost 9 cents a share for the quarter, less than the 24-cent loss analysts forecast. Musk told analysts that he expects the cadence of AI development to improve dramatically and that SpaceX would reach a $100 billion annual run-rate revenue by year’s end, which is higher than the $38.6 billion forecast by analysts.

Today's top stories, with context, in just 15 minutes.&nbsp;&nbsp; On today's podcast:&nbsp;&nbsp; 1) Abdul El-Sayed is projected to win the Democratic US Senate primary in Michigan, according to NBC, defeating Representative Haley Stevens. El-Sayed will face off against Republican Mike Rogers in the general election. Polls had forecast El-Sayed with as much as a double-digit lead over Stevens. Even with the narrower-than-projected result, El-Sayed&rsquo;s win portends both a reckoning within the Democratic Party as well as smouldering ideological fissures with the Nov. 3 election looming. The 2026 Democratic primary season has been marked by the intra-party squabble between centrists and progressives over the party&rsquo;s direction.&nbsp;&nbsp; 2) Oil erased a decline as Yemen's Houthi militant group issued a fresh threat against Middle East shipping, tempering optimism over US-Iran talks. Houthi spokesperson Yahya Saree said the group would escalate attacks on Saudi vessels in the northern Red Sea &mdash; a key workaround route during disruption in the Strait of Hormuz. It comes as the prospect of an interim deal focused on the Strait of Hormuz gained traction after Qatar said a proposal had been drafted and both American and Iranian officials sounded hopeful about reopening the crucial waterway.&nbsp;&nbsp; 3) SpaceX stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. SpaceX reported revenue of $7.8 billion, greater than the $6.81 billion analysts estimated on average, and said it lost 9 cents a share for the quarter, less than the 24-cent loss analysts forecast. Musk told analysts that he expects the cadence of AI development to improve dramatically and that SpaceX would reach a $100 billion annual run-rate revenue by year&rsquo;s end, which is higher than the $38.6 billion forecast by analysts.

Progressive El-Sayed Projected to Win Primary; Houthi Threat amid Hormuz Talks

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/4b09ebeb-c2b8-4207-91d5-b49d00a1d93d/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Oil rose after its biggest drop in a week, as President Trump said his latest offer of talks is Tehran’s “last chance” and that he expects a full reopening of the Strait of Hormuz. Tehran denied it was talking with the US, but said discussions with Oman to get more ships moving through Hormuz are making progress, with an adviser to Iran’s Supreme Leader saying Washington must “take the first step and change its behavior." Commodity flows through the Strait of Hormuz have slowed to a trickle, with a cargo vessel northeast of Al Khasab, Oman, broadcasting that it had been hit by an unknown projectile on Monday.
2) Acting Attorney General Todd Blanche shared documents on social media that seemed to clear a major hurdle to the top job, but drew skeptical reactions from former Justice Department officials and administration critics. The documents addressed concerns about a $1.8 billion fund for alleged victims of government “weaponization” and immunity for President Trump, his family members and the Trump Organization from audits of past tax filings, but the original documents that sparked bipartisan outrage remain unchanged. Critics say the latest documents do not have much permanent legal effect and that the door is open for officials, Trump, or others in his orbit to try to enforce the terms in the future.
3) Michigan's Senate primary today will serve as a litmus test of whether the Democrats' progressive wing can win in a presidential battleground state. The primary pits Representative Haley Stevens, a moderate, against progressive Abdul El-Sayed, with Black voters being central to the case. A win by El-Sayed would vault him into national prominence, but a defeat would spark questions about whether progressives can win outside of deeply Democratic areas.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Oil rose after its biggest drop in a week, as President Trump said his latest offer of talks is Tehran&rsquo;s &ldquo;last chance&rdquo; and that he expects a full reopening of the Strait of Hormuz. Tehran denied it was talking with the US, but said discussions with Oman to get more ships moving through Hormuz are making progress, with an adviser to Iran&rsquo;s Supreme Leader saying Washington must &ldquo;take the first step and change its behavior." Commodity flows through the Strait of Hormuz have slowed to a trickle, with a cargo vessel northeast of Al Khasab, Oman, broadcasting that it had been hit by an unknown projectile on Monday. 2) Acting Attorney General Todd Blanche shared documents on social media that seemed to clear a major hurdle to the top job, but drew skeptical reactions from former Justice Department officials and administration critics. The documents addressed concerns about a $1.8 billion fund for alleged victims of government &ldquo;weaponization&rdquo; and immunity for President Trump, his family members and the Trump Organization from audits of past tax filings, but the original documents that sparked bipartisan outrage remain unchanged. Critics say the latest documents do not have much permanent legal effect and that the door is open for officials, Trump, or others in his orbit to try to enforce the terms in the future. 3) Michigan's Senate primary today will serve as a litmus test of whether the Democrats' progressive wing can win in a presidential battleground state. The primary pits Representative Haley Stevens, a moderate, against progressive Abdul El-Sayed, with Black voters being central to the case. A win by El-Sayed would vault him into national prominence, but a defeat would spark questions about whether progressives can win outside of deeply Democratic areas.

Trump Promises "Last Chance" for Iran; Michigan's Primary Progressive Test

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/22e3c8eb-6b5b-4e2c-b3fb-b49c009e8612/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) Iran suggested negotiations to get more ships moving through the Strait of Hormuz are making progress, after President Donald Trump called off what he said was a major attack on the Islamic Republic. Oil fell on Monday, with Brent crude down about 4.5% to just over $83 a barrel, after Iran’s foreign minister, Abbas Araghchi, said discussions between Tehran and Oman over management of the strait are in the final stages. Trump said Sunday that a deal to open the waterway may be close and that new unspecified talks with Iran would begin on Monday.

2) Stocks and bonds rose as the latest sign of easing tensions between the US and Iran pushed oil prices lower, allaying concerns about faster inflation. S&P 500 futures added 0.5%, signaling a positive start to a week awash with key economic data and corporate earnings. Brent crude slid as much as 7.3% to $81.55 a barrel after President Donald Trump called off a planned attack on Iran. Treasuries rose across the curve, with the benchmark 10-year yield dropping four basis points to 4.69%.

3) The US and Japan’s first joint action on the yen in 15 years, with warnings they won’t “hesitate” to move again, has underscored their unprecedented determination to defend the Asian currency. It’s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency’s rebound points at interventions larger than in 1998 and 2011, when US contributions didn’t surpass the $1 billion mark. Japan alone is estimated to have spent $53 billion on Thursday — a likely single-day record.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Iran suggested negotiations to get more ships moving through the Strait of Hormuz are making progress, after President Donald Trump called off what he said was a major attack on the Islamic Republic. Oil fell on Monday, with Brent crude down about 4.5% to just over $83 a barrel, after Iran&rsquo;s foreign minister, Abbas Araghchi, said discussions between Tehran and Oman over management of the strait are in the final stages. Trump said Sunday that a deal to open the waterway may be close and that new unspecified talks with Iran would begin on Monday.
2) Stocks and bonds rose as the latest sign of easing tensions between the US and Iran pushed oil prices lower, allaying concerns about faster inflation. S&amp;P 500 futures added 0.5%, signaling a positive start to a week awash with key economic data and corporate earnings. Brent crude slid as much as 7.3% to $81.55 a barrel after President Donald Trump called off a planned attack on Iran. Treasuries rose across the curve, with the benchmark 10-year yield dropping four basis points to 4.69%.
3) The US and Japan&rsquo;s first joint action on the yen in 15 years, with warnings they won&rsquo;t &ldquo;hesitate&rdquo; to move again, has underscored their unprecedented determination to defend the Asian currency. It&rsquo;s still unclear how much Washington spent to help lift the yen from its four-decade low. But the currency&rsquo;s rebound points at interventions larger than in 1998 and 2011, when US contributions didn&rsquo;t surpass the $1 billion mark. Japan alone is estimated to have spent $53 billion on Thursday &mdash; a likely single-day record.

Iran Says Hormuz Talks Underway, Stocks Rise as Oil Plunge

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a280d4b8-9a59-40b1-86ac-b49b009f182f/transcript

Zuckerberg Takes on Musk; New Jersey Threatens Legal Action Against New York

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