Bloomberg Daybreak Europe: Israel Strikes Iran's Nuclear Sites
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israel launched waves of airstrikes against Iran's nuclear program and ballistic-missile sites on Friday morning, a major escalation in the standoff between the two adversaries that risks sparking a wider war in the Middle East. (2) Explosions were heard across Tehran and in the city of Natanz, home to one of its nuclear sites, according to videos and local media. (3) US President Donald Trump says Iran cannot have a nuclear bomb, Fox News journalist Bret Baier reports, citing an interview with him after Israel launches strikes against Iran. The strikes came just hours after Trump had suggested to reporters the US still believed in the prospects for a diplomatic solution. (4) Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. (5) Stocks fell along with equity-index futures and investors rushed to the safety of haven assets after Israel attacked Iran's nuclear program sites in a major escalation of tensions in the Middle East. Crude oil jumped 9%, the biggest move in more than three years. (6) Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the deadliest aviation accident in more than a decade.
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CNN
31 minutes ago
- CNN
Missile interceptor launches from Jerusalem
Missile interceptor launches from Jerusalem CNN's Jerusalem bureau chief and correspondent Oren Liebermann describes the moment an interceptor launched in the distance behind him during an on-air report from Jerusalem. 00:47 - Source: CNN Iranians question nuclear talks with US after Israeli attack Crowds of demonstrators rallied in Tehran calling for retaliation after Israeli strikes on Iran and questioning whether the country should continue negotiations with the United States over a potential nuclear deal. 00:49 - Source: CNN Amanpour breaks down Israeli strikes on Iran Israel has launched unprecedented strikes on Iran, targeting its nuclear program and assassinating top military leaders in an attack that Israeli Prime Minister Benjamin Netanyahu said will last many days. The operation, codenamed 'Operation Rising Lion,' hit Iran's main enrichment facility in Natanz, as well as targeting Iranian nuclear scientists and military leaders. 02:34 - Source: CNN Analysis: How might Iran respond to Israeli attack? Overnight Israel struck several locations in Iran, including the capital Tehran and the country's nuclear sites. Israel says 200 fighter jets were involved in the attack that Prime Minister Benjamin Netanyahu said will last many days. With Iran's defenses weakened in Israel's October attack, and several military leaders killed, its response to last night's strike may be limited. CNN's chief security correspondent Nick Paton Walsh gives his analysis. 01:30 - Source: CNN Top Iranian commander killed in Israeli strikes Iran's revolutionary guard has confirmed the death General Hossein Salami, one of the country's most powerful and influential military commanders, in Israel's strikes. The IRGC said its command structure and other branches of the military were 'fully prepared to deliver a decisive and harsh response.' CNN senior international correspondent Frederik Pleitgen reports. 01:40 - Source: CNN Analysis: Why Israel attacked Iran now CNN's Oren Liebermann explains the reasons why Israel decided to attack Iran in unprecedented strikes targeting its nuclear program and senior military leaders. 01:49 - Source: CNN Israel launches 'preemptive strike' on Iran Israel launched strikes against Iran, targeting its nuclear program and long-range missile capabilities, an Israeli military official said. 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Hamilton Spectator
34 minutes ago
- Hamilton Spectator
Marines take over some security in LA while cities across US prep for ‘No Kings' rallies
LOS ANGELES (AP) — After a week of protests over federal immigration raids, about 200 Marines moved into Los Angeles on Friday to guard a federal building in the city while communities across the country prepped for what's anticipated to be a nationwide wave of large-scale demonstrations against President Donald Trump's polices this weekend. The Marine troops with rifles, combat gear and walkie-talkies took over some posts from National Guard members who were deployed to the city after the protests erupted last week . Those protests sparked dozens more over several days around the country, with some leading to clashes with police and hundreds of arrests. The Marines had not been seen on Los Angeles city streets until Friday. They finished training on civil disturbance and have started to replace Guard members protecting the federal building west of downtown, so the Guard soldiers can be assigned to protect law enforcement officers on raids, the commander in charge of 4,700 troops deployed to the LA protests said. The Marines moved into Los Angeles before Saturday's planned 'No Kings' demonstrations nationally against Trump's policies, which will also happen the same day as a military parade in Washington, D.C., when troops will march and tanks will rumble through the streets of the nation's capital. The Marines' arrival also came a day after the 9th U.S. Circuit Court of Appeals temporarily blocked a federal judge's order that had directed Trump to return control of Guard troops to California. The judge had ruled the Guard deployment was illegal, violated the Tenth Amendment, which defines the power between state and federal governments, and exceeded Trump's statutory authority. The judge did not rule on the presence of the Marines. Military mission Some 2,000 National Guard troops were deployed to Los Angeles this week. Hundreds have provided protection to immigration agents making arrests. Another 2,000 Guard members were notified of deployment earlier this week. None of the military troops will be detaining anyone, Maj. Gen. Scott Sherman, the commander of Task Force 51 who is overseeing the 4,700 combined troops, said. 'I would like to emphasize that the soldiers will not participate in law enforcement activities,' Sherman said. 'Rather, they'll be focused on protecting federal law enforcement personnel.' Roughly 500 National Guard members have been used to provide security on immigration raids after undergoing expanded instruction, legal training and rehearsals with the agents doing the enforcement before they go on those missions. By mid-afternoon Friday, more than a dozen Marines were stationed outside the 17-story Wilshire Federal Building, replacing some members of the National Guard at various entrances. They mostly appeared to be checking tickets from members of the public who were there to renew their passports. The building is the same place Democratic U.S. Sen. Alex Padilla on Thursday was forcefully removed from Homeland Security Secretary Kristi Noem's news conference and handcuffed by officers as he tried to speak up about the immigration raids. There were no protesters around the building. Occasionally, a passing driver shouted from their window, registering a mix of anger and support for the military presence. Sherman said the U.S. Marine Corps is responsible for guarding U.S. embassies overseas so they are well-trained on how to defend a federal building. California vs. Trump California Gov. Gavin Newsom has called the troop deployment a 'serious breach of state sovereignty' and a power grab by Trump, and he has gone to court to stop it. The president has cited a legal provision that allows him to mobilize federal service members when there is 'a rebellion or danger of a rebellion against the authority of the Government of the United States.' A federal judge said in a ruling late Thursday that what is happening in Los Angeles does not meet the definition of a rebellion and issued an order to return control of the Guard to California before the appeals court stopped it from going into effect Friday. In a post on his Truth Social platform, Trump thanked the appeals court Friday morning. 'If I didn't send the Military into Los Angeles, that city would be burning to the ground right now,' he said. The court will hold a hearing on the matter Tuesday. Under federal law, active-duty forces are prohibited by law from conducting law enforcement. The Trump administration has characterized the city as a 'war zone,' which local authorities dispute. Recent protesters have drawn a few hundred attendees who marched through downtown chanting, dancing and poking fun at the Trump administration's characterization of the city. There have been about 500 arrests since Saturday, mostly for failing to leave the area at the request of law enforcement, according to the police. There have been a handful of more serious charges, including for assault against officers and for possession of a Molotov cocktail and a gun. Nine officers have been hurt, mostly with minor injuries. An 8 p.m. curfew has been in place in a 1-square-mile (2.5-square-kilometer) section of downtown. The city of Los Angeles encompasses roughly 500 square miles (1,295 square kilometers). Protests have ended after a few hours with arrests this week largely for failure to disperse. No Kings The 'No Kings' demonstrations are planned in nearly 2,000 locations around the country , according to the movement's website. A flagship march and rally is planned for Philadelphia, but no protests are scheduled to take place in Washington, D.C., where the military parade will be held. Participants are expected to seek to de-escalate any potential confrontation, organizers say. In Florida, state Attorney General James Uthmeier warned that any protesters who become violent will be dealt with harshly. States face questions on deploying troops Texas Gov. Greg Abbott, a Republican, has put 5,000 National Guard members on standby in cities where demonstrations are planned. In other Republican-controlled states, governors have not said when or how they may deploy troops. A group of Democratic governors in a statement called Trump's deployments 'an alarming abuse of power.' Washington state Gov. Bob Ferguson took to social media Friday to call for peaceful protests over the weekend, to ensure the military is not sent to the state. 'Don't give him an excuse to try and federalize the National Guard like he did in California,' he said. Military parade The military parade in Washington which Trump had unsuccessfully pushed for during his first term — will also feature concerts, fireworks, NFL players, fitness competitions and displays all over the National Mall for daylong festivities. The celebration Saturday also happens to be Trump's birthday. The Army expects as many as 200,000 people could attend and says putting on the celebration will cost an estimated $25 million to $45 million . ___ Taxin reported from Santa Ana, California. Baldor contributed from Washington. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
The Hill
34 minutes ago
- The Hill
Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms
WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a 'national security agreement' submitted by the federal government. Trump's order didn't detail the terms of the national security agreement. But U.S. Steel and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a 'golden share' — essentially veto power to ensure the country's national security interests are protected. 'We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,' the two companies said. 'This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.' The companies have completed a U.S. Department of Justice review and received all necessary regulatory approvals, the statement said. 'The partnership is expected to be finalized promptly,' the statement said. The companies offered few details on how the golden share would work and what investments would be made. Trump said Thursday that he would as president have 'total control' of what U.S. Steel did as part of the investment. Trump said then that the deal would preserve '51% ownership by Americans.' The Japan-based steelmaker had been offering nearly $15 billion to purchase the Pittsburgh-based U.S. Steel in a merger that had been delayed on national security concerns starting during Joe Biden's presidency. Trump opposed the purchase while campaigning for the White House, yet he expressed optimism in working out an arrangement once in office. 'We have a golden share, which I control,' said Trump, although it was unclear what he meant by suggesting that the federal government would determine what U.S. Steel does as a company. Trump added that he was 'a little concerned' about what presidents other than him would do with their golden share, 'but that gives you total control.' Still, Nippon Steel has never said it was backing off its bid to buy and control U.S. Steel as a wholly owned subsidiary. The proposed merger had been under review by the Committee on Foreign Investment in the United States, or CFIUS, during the Trump and Biden administrations. The order signed Friday by Trump said the CFIUS review provided 'credible evidence' that Nippon Steel 'might take action that threatens to impair the national security of the United States,' but such risks might be 'adequately mitigated' by approving the proposed national security agreement. The order doesn't detail the perceived national security risk and only provides a timeline for the national security agreement. The White House declined to provide details on the terms of the agreement. The order said the draft agreement was submitted to U.S. Steel and Nippon Steel on Friday. The two companies must successfully execute the agreement as decided by the Treasury Department and other federal agencies that are part CFIUS by the closing date of the transaction. Trump reserves the authority to issue further actions regarding the investment as part of the order he signed on Friday. ___ Associated Press writer Marc Levy in Harrisburg, Pa., contributed to this report.
