Trump Hardens Stance on Iran; President Renews Efforts to Dismantle Vaccination Schedule

0:00Bloomberg Daybreak U.S. edition is brought to you by OTC Markets Group. OTC Markets' overnight platform for exchange-listed securities, Moon ATS, provides access to global securities in U.S. dollars from 8 p.m. to 4 a.m. Eastern, Sunday through Thursday. Learn more at otcmarkets.com slash moon. Moon ATS is operated by OTC Link LLC, a FINRA-registered broker-dealer, and is available only through participating broker-dealers. Healthcare doesn't always work great. If you've ever waited on a refill or couldn't schedule an appointment, you get it. That's the kind of stuff Optum is changing. They're using data and technology to integrate patient care, pharmacy, and everything else.

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1:20You'll have everything you need to scale your go-to market efforts. Elevate your wins with Adio. Start your free trial at adio.com slash iHeart. Bloomberg Audio Studios, podcasts, radio, news. Good morning, I'm Nathan Hager. And I'm Karen Moscow. Here are the stories we're following today. Karen, the U.S. and Iran appear to be hardening their positions as the wait continues for a deal to reopen the Strait of Hormuz. President Trump says he's demanding reparations from Iran over past attacks, along with compensation to families of protesters who've been killed over the years. The president says it's a response to Iran's own demands for compensation.

2:03They asked for reparations, you might say, or they asked for money for the damage that we've done. And I said, that's a good idea. Well, we're going to ask for money for the damage they've done over a 50-year period. President Trump spoke to reporters in the Oval Office. Bloomberg Zabir Abu Omar reports both sides making it tougher to come to an immediate agreement on the strait. The hardliners over the weekend have asked for some maximalist demands. Those include the lifting of the U.S. naval blockade on the Strait of Hormuz, a compensation for the damages occurred by the war. And then you also have them asking for the lifting of oil sanctions, the blocked assets.

2:40President Trump in the latest remarks has said that, well, if Iran is going to ask for that, the U.S. will also ask for compensation over the thousands killed over the past 50 years in Iran. Bloomberg Zabir Abu Omar reports President Trump also says Iran should be held responsible for deaths and damages from its proxy groups in Lebanon, Syria, Yemen and Gaza. Well, Nathan, reports are emerging of an extraordinary operation to protect President Trump from an Iranian assassination threat last month. The Washington Post says the president's older Air Force One jet was used as a decoy while he secretly flew from Turkey to the UK on a smaller military aircraft.

3:20Bloomberg's Chris Pitt has the details. Trump had arrived at the NATO summit in Ankara, board his new Qatari gifted Air Force One. The plane was then sent ahead to Britain for a transatlantic journey home, while Trump was filmed boarding the older Air Force One in Turkey. At the time, Trump denied the change was about security, saying it was simply to show the newer jet to US service members in the UK. The New York Times later reported that a credible Iranian threat had prompted the Secret Service to recommend a change of aircraft. But the Washington Post now says the security operation went much further with another secret switch.

4:01It says Trump was taken off the older Air Force One in an airport catering truck and transferred onto a smaller military plane. The legacy presidential plane then flew to Britain as a decoy, carrying journalists and some White House staff who believed the president was still aboard. In London, Chris Pitt, Bloomberg Radio. All right, Chris, thank you. Trade friction may be emerging between the U.S. and China ahead of next month's summit in Washington between Presidents Trump and Xi Jinping. China has ordered steep anti-dumping deposits on pecan imports from the U.S. and Mexico. China says the nuts from both countries are being sold at unfairly low prices.

4:42So starting today, importers of U.S. pecans will be required to pay a deposit rate of more than 54 percent. Those buying from Mexico will pay less. Well, Nathan, elections are in focus with special primaries in Alabama and South Carolina, plus congressional races in several more states. And Bloomberg's Amy Morris has details. A Supreme Court ruling cleared the way for Alabama to use its 2023 legislature-drawn congressional map, but it was too late for four of those district races, so they were rescheduled for August 11th. In South Carolina, 10 Republicans are competing in a special primary election to replace the late Senator Lindsey Graham on the general election ballot.

5:21If no one wins the majority, the top two vote-getters will advance to a special runoff on August 25th. Regular primary elections are also going on in Connecticut, Minnesota, Vermont, and Wisconsin. In Washington, Amy Morris, Bloomberg Radio. All right, Amy, thank you. Back in the nation's capital, President Trump has revived his effort to roll back the childhood vaccination schedule. He has issued an executive order recommending that the combined measles, brumps, and rubella vaccine be broken into three separate shots. The president's tying the issue to rising autism. rates. Well, we do not know exactly what the cause is with respect to autism.

5:56It is essential to our research efforts that we have the very best vaccine recommendations in the entire world. So we're reducing them. We're changing it to visits over a period of a year, a year and a half. Again, President Trump speaking from the Oval Office there. Scientific research has uncovered no link between vaccines and autism. The American Academy of Pediatrics says the president's order could lead to confusion and uncertainty for parents and raise the risk that kids miss or delay useful vaccinations. Let's turn to the markets now, Nathan, where chip stocks are in focus this morning.

6:28NVIDIA is sourcing$500 billion in new financing for AI infrastructure from Wall Street. Six firms, Apollo Global Management, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR are providing the capital. Bloomberg's senior executive editor for Tech Tom Giles says it's a way to reassure skeptics concerned about circular financing. The concern is that should demand not materialize as quickly as hoped that that could result in, you know, something catastrophic for the industry. So the more companies you have, like Apollo and others, BlackRock, Blackstone, putting their necks on the line, the more that should give the market a bit of a sense of reassurance that they're kind of they're all in this together.

7:16NVIDIA is not alone. Bloomberg's Tom Giles adds, although the headline number is large, there are few details on the timing and structure of the financing. Well, Karen, Intel has raised$20 billion in an upsized share sale. That's a third more than the chipmaker was targeting when it announced the deal yesterday morning. Sources say the share sale drew more than$100 billion in demand. Intel is building its cash reserves with the goal of taking on a more central role in the AI boom. Nathan, Bloomberg News has also learned Anthropic has struck a$9 billion deal with Riot Platforms. That's a Bitcoin mining company that recently began selling AI data center capacity.

7:56Shares of Riot Platforms, they're up about 18.5 % in early trading. And Karen, Apple still plans to offer a glass-centric overhaul of the iPhone for the device's 20th anniversary. Sources say the company expects to launch iPhone Pro models next year that will make use of the new glassy look with glass on the front and back of the phones and curving into the sides. The news counters an analyst report that the move had been canceled. 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 Bloomberg's John Tucker. John, good morning.

8:32And Karen, good morning. In Western Columbia, first responders urgently searching for people trapped under the rubble from that 7.4 magnitude quake. More than 100 are dead. The country's president declaring a national disaster. Aid groups are mobilizing. Barbara Mello is with World Vision Columbia. The well-being of the children is going to be our number one priority in the next couple of hours and the next couple of days. In the city of Cali, where at least 19 buildings collapse, rescuers use their bare hands and buckets, scooping debris as they search for survivors. This quake comes less than two months after twin earthquakes struck neighboring Venezuela.

9:14The rollout of New York Mayor Mamdani's pied-a-tear tax has been temporarily blocked by a state judge. The city was sued last week by a group of homeowners who said City Hall's publication of a list of properties that could be subject to the levy has caused mass confusion and invited unwarranted scrutiny of their personal information. The U.S. just sweltered through the warmest month ever recorded. The National Oceanic and Atmospheric Administration says the average temperature for the U.S. mainland reached 76.9 in July. The U.S. government's been tracking temperatures for 132 years. July's average was around 3 degrees higher than the 20th century average.

9:55In Global News, 24 hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker. This is Bloomberg. Karen. Thanks, John. Time now for our Bloomberg Sports Update. And for that, we bring in John Stashauer. Thanks, Karen. Much-needed win for the Dodgers. They had lost eight of their last nine. They had the newly acquired Tarek Skubel on the mound. He had a no decision. The Dodgers pulled out a 6-5 win over Kansas City. Milwaukee was 30 games over.500, best in baseball, but lost in San Diego 3-2. Tampa Bay is now six games better than the rest of the American League. The Rays won their seventh in a row.

10:28They scored eight in the eighth to beat the A's 10-6. The NFL announced it will allow a designated assistant coach to be the one to call for a replay. That's your Bloomberg Sports Update. Stay with us. More from Bloomberg Daybreak coming up after this. Bloomberg Daybreak U.S. Edition is brought to you by OTC Markets Group. Thinking about joining the exploding overnight market space, but unsure where to start? Designed to meet the needs of a growing international investor base, OTC Markets Overnight Platform for Exchange-Listed Securities, Moon ATS, provides access to global securities in U.S. dollars from 8 p.m.

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11:56Bloomberg's Natalie Lung reports the company says it has been conducting pilot programs with various restaurants, some of which have seen their order volume grow during the test period. The effort marks an expansion of DoorDash's in-house robotics efforts to reduce reliance on human couriers for some orders, as their wages constitute a key expense to the business. Drones are also a way for DoorDash to cut delivery times on orders from more remote locations that some dashers may not want. That's the Bloomberg Tech Minute brought to you by ChatGPT. Put ChatGPT to work on your most ambitious ideas and projects.

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13:53And now President Donald Trump is making new demands on Iran for reparations. The president was asked about it in the Oval Office. You said this last round of talks was Iran's last chance before decapitation. So what now? What comes next? You'll find out. Again, that was President Trump speaking to a reporter in the Oval Office there. Joining us from Istanbul this morning is Bloomberg Middle East breaking news editor Patrick Sykes. So, Patrick, is this a case of the president says, I'll see your demand and I'll raise you when it comes to Iran? Good morning. Morning. Yeah, exactly that. We'd had Iran coming out in the past few days, basically front-loading all of its demands on things like sanctions, lifting, on compensation, and so on, as a condition for the reopening of the Strait of Hormuz.

14:39That obviously hasn't gone down well in the US, and Trump has tried to match it in kind. And it's notable, I think, that he pointed to history as part of that. He wants compensation for all the people that have been killed with these roadside bombs over the course of decades. He put up 50 years killing of protesters and so on, which just goes to underline, I think, the long-running enmity between these two countries. And with that, the distrust that comes with that as baggage. And that, of course, is a key reason why they haven't been able to get to the formal terms of a deal so far. And to that point, of course, Iran has been saying over the last few days that it can't hold direct talks with the U.S.

15:24while it says the U.S. is not holding up its end of the interim peace deal. Where does this leave the indirect discussions that we've been tracking, Patrick? So we know those have been continuing. You know, the mediators, mainly Pakistan, also to an extent Qatar, continue to exchange messages. We had the new incoming Pakistani ambassador to Iran giving an interview in the past 24 hours to Iranian media in which you said Pakistan was committed to peace and so on. But yes, substantively, we're yet to see any progress from it. In the meantime, we see Iran hardening its position, I think, institutionally as well.

16:08The past 24 hours, we've seen the Supreme Leader, Moshtev-e Khomeini, appoint a bunch of new military commanders. Many of those positions had been vacant because of assassinations in the course of the war. But it seems that in the current lull that we're in, he's taking advantage of that to sort of finally exert control still in absentia. and appoint those who are particularly loyal and those who are particularly connected to the IRGC and have a background in the Strait of Hormuz and control of it to some of the highest military positions in the land. We heard the reporter in the exchange with the president there raising the president's earlier threat of decapitation, the last chance threat that the president gave a few days back since then.

16:59We've heard the president suggest that he's willing to let economic pressure take the lead. What to make of the back and forth that we're seeing from the president? How is it being received in the region? Yeah, I think we can expect the economic pressure to continue. That U.S. blockade of Iranian ports is still very much in force. And, you know, keeping the pressure up, I think, for the U.S. means keeping that in place and hoping that the ensuing inflation, the ensuing damage to the currency will induce some kind of change internally. But then, you know, more broadly, of course, the risk beyond that is that he turns to more kinetic action.

17:47Decapitation could mean, again, targeted assassinations. That, of course, is the reason that we still haven't seen. I think the new supreme leader in public, yeah, he's only spoken through written messages. So I think we can expect as a baseline that economic pressure through the blockade to continue. But there's still a substantial risk that we see, if not a return to sort of the full-scale conflict of March, then a return to the tit-for-tat clashes in parallel with perhaps targets for the assassination. This is Bloomberg Daybreak, your morning podcast on the stories making news from Wall Street to Washington and beyond.

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19:08I'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 Daybreak.

19:48Thank you. as one for everyone. Learn more at business.optum.com. Everyone's talking about how AI is transforming work, especially in sales. While the landscape shifts, one thing remains the same, the thrill of closing a deal. Whether it's a gong or a confetti machine, every team has its celebration rituals. Adio is designed for that moment. It's the agentic CRM that turns customer signals into actionable insights, helping you close deals faster with revenue agents and automations working around the clock. You'll have everything you need to scale your go-to market efforts. Elevate your wins with Adio.

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