Bloomberg Podcasts · Trump Reverts to Economic Squeeze of Iran; Colombia Quake Toll Tops 260 | Bloomberg Daybreak: US...

1. 1. President Trump has reverted to economic pressure, including sanctions and a naval blockade, to stifle Iran's oil exports, marking a reversal from recent military threats.
2. 2. A Houthi attack in the Red Sea killed at least six people, the first fatalities from such attacks since the conflict began.
3. 3. Oil prices are falling as traders await signs of progress on reopening the Strait of Hormuz, with Brent coming off a 6-day advance.
4. 4. A European intelligence official warns Russia may ramp up hybrid attacks against the Baltic states and Poland, amid concern Moscow is trying to intimidate countries that support Ukraine.
5. 5. White House Press Secretary Caroline Leavitt is leaving her role later this month to spend time with family, and will become one of Trump's top outside advisers.
6. 6. US government borrowing costs at auction have climbed to the highest level since the global financial crisis, with a 10-year Treasury sale yielding the highest since 2007.
7. 7. Ed Yardeni expects a September rate hike from the Fed, but believes equities will continue to melt up.
8. 8. South Korea's KOSPI index rallied 4% to enter a technical bull market, with chip makers Samsung and SK Hynix both adding more than 4%.
9. 9. Anthropic is in talks to buy Decart AI for about $6 billion, which would mark Anthropic's largest known acquisition ahead of a hotly anticipated IPO.
10. 10. Japan's government is backing another Bank of Japan interest rate hike in September or October to counter persistent weakness in the yen.
11. 11. The UK economy grew 0.4% in the second quarter, with June GDP beating expectations, but momentum is expected to slow due to oil price vulnerability.
12. 12. The death toll from Monday's earthquake in Colombia has risen to 265, with nearly 3,500 injured and 500 missing, prompting the president to declare an economic emergency.
13. 13. Joshua Kushner and Bob Iger made an offer to buy the Los Angeles Lakers for $12.5 billion, without the help of bankers, in a deal that would mark the highest ever price for a sports team.
14. 14. Luigi Mangione's lawyers are discussing a possible guilty plea in the fatal shooting of healthcare executive Brian Thompson, ahead of a Friday hearing.
15. 15. Two media organizations are suing President Trump over Trump Media's plan to sell faster access to his Truth Social posts, calling it 'extraordinary, corrupt, and unconstitutional.'
16. 16. Families of sailors aboard the USS Abraham Lincoln are raising concerns about poor conditions on board, including lack of food, hygiene products, and clean water, as the carrier nears 9 months of deployment.
17. 17. New York City's five pensions beat their investment target over the past fiscal year, returning 13% in the year through June 30th, thanks to a record-breaking stock market.
18. 18. Treasury Secretary Scott Bessent has been talking about 'Operation Economic Fury' for months, imposing a financial stranglehold on Iran.
19. 19. Bloomberg's Oner Ant says the economic pressure on Iran is taking a toll with rising inflation and currency depreciation, but it is unlikely to cause a shift in popular sentiment in the short term.
20. 20. Too much economic pressure on Iran could cause blowback on the US, including higher gasoline prices and erosion of strategic petroleum reserves.
21. 21. Efforts to reopen the Strait of Hormuz are deadlocked, with Iran insisting the US must meet its demands, including lifting sanctions and ending the war against Iran-backed groups, before the waterway can fully reopen.