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.

  1. 18h ago

    Knicks Historic Comeback; Trump Promises Iran Attacks if No Deal

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The New York Knicks came from 29 points down to beat the San Antonio Spurs 107-106 in Game 4 of the NBA Finals, taking a 3-1 lead in the series. The Knicks' win was capped off by OG Anunoby's tip-in with 1.2 seconds remaining, which followed a long 3-point shot by Jalen Brunson that bounced off the front of the rim. The Spurs had led 81-52 in the third quarter, but the Knicks outscored them 58-30 in the second half to complete the record-breaking comeback.2) President Trump said he will continue bombing Iran if it refuses to agree to an interim peace deal, following a second night of clashes between the countries’ forces. Iran retaliated by firing on US bases in Kuwait, Bahrain and Jordan, and said the Strait of Hormuz would be closed to all types of vessels. Trump ordered multiple strikes, including around 50 Tomahawk missiles, which Central Command described as “self-defense strikes,” in a signal that Trump wants to avoid restarting a full-on war.3) US inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains. Still, President Trump sought to downplay the CPI data, calling the figures “great” and suggesting fuel costs would be even higher if not for US efforts to get oil shipments out of the Strait of Hormuz. “You know what I really love? I love the inflation,” Trump said Wednesday. That’s because once the war is over “it’s going to come down like a rock.” See omnystudio.com/listener for privacy information.

    17 min
  2. 1d ago

    US-Iran Exchange Strikes; Platner Wins Maine Primary

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) The US and Iran exchanged strikes overnight after President Trump retaliated against Tehran for shooting down an American Apache helicopter. The US military said it had completed an operation that saw fighter jets strike Iranian air defenses, ground control stations, and radar sites near the Strait of Hormuz. Iran launched missiles on four American targets and fired drones at the US's main naval base in the Middle East, with no immediate reports of casualties in any of the attacks.2) Progressive Democrat Graham Platner won the party's Senate primary in Maine with about 72% support. Platner's campaign was marked by accusations of past misbehavior, including a Nazi symbol tattoo and disturbing behavior towards ex-girlfriends, which he has denied or acknowledged as mistakes. Platner will face Republican incumbent Susan Collins in the November Senate race, which Democrats consider crucial to reclaiming the chamber. Incumbent Lindsey Graham, who was endorsed by President Trump, is projected to win the Republican Senate primary in South Carolina, according to DDHQ. Representative Nancy Mace, once a close Trump ally, finished in last place in the state's gubernatorial race, saying her support for releasing the Epstein files is why she lost. Trump-backed Pamela Evette, South Carolina's lieutenant governor, and state attorney general Alan Wilson advanced to a runoff.3) Microsoft co-founder Bill Gates is set to appear*behind closed doors before the House panelinvestigating Jeffrey Epstein. Gates has reportedly been getting some help from Jake Greenberg, who, according to the New York Times, was spearheading the oversight panel's Epstein inquiry until December. The Gates Foundation, which has launched an external review of Gates' ties with Epstein, told the Financial Times that it regretted "having any employees interact with Epstein in any way." Gates has not been charged with anything and has called his relationship with Epstein a "huge mistake" and denied any wrongdoing. See omnystudio.com/listener for privacy information.

    18 min
  3. 2d ago

    Trump Renews Iran Deal Claims; Knicks Drop Game 3 to the Spurs

    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. See omnystudio.com/listener for privacy information.

    20 min
  4. 3d ago

    Iran & Israel Trade Attacks, Security Increased at MSG Ahead of Trump Visit

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Israel and Iran exchanged missile strikes on Monday despite President Trump’s calls for both sides to stop fighting and give peace talks a chance. Iran launched a fresh wave of attacks just hours after firing ballistic missiles at Israel on Sunday. Israel responded with strikes on military targets in western and central Iran, while Iranian state media reported multiple explosions in the capital, Tehran. 2) The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz. “We declare a complete and total ban on Israeli maritime navigation,” the group said Monday in a statement. “We consider all enemy movements to be legitimate military targets for our armed forces.” The move comes as the Iran war drags into a fourth month and hostilities flare across the region, threatening to derail a fragile truce and complicate negotiations toward a peace deal. The conflict has led to the near-closure of Hormuz, forcing key Middle Eastern exporters to find alternative routes to global markets.3) The Secret Service and the New York Police Department barred outdoor watch parties planned near Madison Square Garden for Game 3 of the NBA Finals on Monday night, citing security requirements tied to President Donald Trump’s planned attendance. The ban applies only to Game 3, with officials expecting the New York City watch parties to resume for Game 4. Matt McCool, special agent in charge of the Secret Service’s New York field office, said the two agencies jointly determined that outdoor gatherings near the arena could not be safely accommodated. See omnystudio.com/listener for privacy information.

    17 min
  5. 6d ago

    US-Iran Talks Stall; Senate Passes Bill to Fund ICE and CBP

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) There was no sign of progress in ceasefire talks between the US and Iran after the worst burst of violence in weeks. President Trump said ceasefire talks are in the “final” stages, while Iran’s foreign minister said the negotiations had stalled. Hezbollah militants rejected a US-brokered truce in Lebanon, with its chief calling the deal “absurd” and refusing to link its presence in Lebanon with stopping the war.2) The Senate passed a $69.5 billion bill to fund two immigration enforcement agencies over three years, resolving a months-long dispute. The bill includes $26 billion for Customs and Border Protection, $38.5 billion for Immigration and Customs Enforcement, and $5 billion for additional border support. The bill now heads to the House for a vote before being sent to President Donald Trump's desk for his signature.3) Russian President Vladimir Putin pushed back at prospects for European leaders to help negotiate an end to his war in Ukraine, dismissing them as mediators. Putin reiterated that he’d reached an agreement with President Trump on what he said was a compromise peace deal at their summit in Anchorage, and that EU states could play a role in ending the war by convincing Kyiv to agree to compromises. Ukrainian President Volodymyr Zelenskyy issued an open letter to Putin calling on him to meet directly to settle the war, and said that both Europe and the US should be part of the process of ending the war. See omnystudio.com/listener for privacy information.

    16 min
  6. Jun 4

    Iran Says No Progress in US Talks, Knicks Take NBA Finals Game 1

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) Iran said there had been no recent progress in talks with the US over an interim peace deal, while fighting persisted in Lebanon despite Washington’s declaration of a ceasefire between Israel and the country.Iranian Foreign Minister Abbas Araghchi said late Wednesday that “no tangible progress has been achieved in the negotiation process” with the US, according to the semi-official Tasnim news agency.2) US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in Iran in response. The exchange followed days of Israeli military escalation against Iran-backed Hezbollah in Lebanon, prompting a phone call between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. Tensions remain high after the US attacked Iranian radar and command-and-control sites, with Iran trying to target an air base in retaliation and the US and Israel having different ideas about what an end to the war should look like.3) The New York Knicks' winning streak lives on, and they struck first in the NBA Finals.Jalen Brunson scored 30 points, Karl-Anthony Towns finished with 18 points and 12 rebounds, and the Knicks erased a 14-point second-half deficit to beat the San Antonio Spurs 105-95 in Game 1 of the finals on Wednesday night. See omnystudio.com/listener for privacy information.

    17 min
  7. Jun 3

    California Runoff and Other Primary Races; Iran Escalation

    Today's top stories, with context, in just 15 minutes.On today's podcast:1) We wrap a number of major primary elections across the country. Republican Steve Hilton and Democrat Xavier Becerra surged to the top of California’s crowded gubernatorial primary, with billionaire Tom Steyer trailing in the contest. In Los Angeles mayor's race, incumbent Karen Bass has been forced into a runoff and could face Republican Spencer Pratt, who is leading second place. In a New Jersey House district which could prove key for Republicans holding their majority in November, former Navy helicopter pilot Rebecca Bennett is projected to win the Democratic primary. 2) US forces intercepted Iranian ballistic missiles and drones aimed at neighboring Middle East countries and struck a command center in Iran in response. The exchange followed days of Israeli military escalation against Iran-backed Hezbollah in Lebanon, prompting a phone call between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. Tensions remain high after the US attacked Iranian radar and command-and-control sites, with Iran trying to target an air base in retaliation and the US and Israel having different ideas about what an end to the war should look like.3) The US is proposing a new tariff of at least 10% on imports from 60 trading partners, following an investigation into how trade partners handle goods allegedly produced by forced labor. A 10% tariff rate would apply to imports from Canada, Mexico, the European Union, Taiwan and the UK, among other places, while products from other major economies, including China, India, Japan, South Korea, Brazil and Switzerland, would be subject to a 12.5% levy. The levies won't go into effect immediately and are subject to a public comment and review period before implementation, which could result in changes before any duties are codified, with written comments due by July 6 and public hearings beginning on July 7.4) CBS News fired 60 Minutes correspondent Scott Pelley after he confronted his new boss at an internal meeting on Monday. Pelley had questioned the qualifications of Nick Bilton, who was appointed to lead the CBS newsmagazine, and accused CBS News Editor-in-Chief Bari Weiss of “murdering” the program. Pelley said the leadership of 60 Minutes is "no longer recognizable" and that the principles he holds dear are gone, which is why he must leave. See omnystudio.com/listener for privacy information.

    20 min

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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.

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