>> TODAY ON "BLOOMBERG THIS WEEKEND,"

PRESIDENT TRUMP TELLS NBC NEWS IRAN IS READY FOR CEASE-FIRE,

BUT HE IS NOT READY TO MAKE A

DEAL AS WE LEARN THE NAMES OF THE SIX AMERICANS KILLED IN THE

PLANE CRASH IN IRAQ. DAVID: IN THE WHITE HOUSE AS CALLING

ON OTHER COUNTRIES TO REOPEN THE STRAIT OF HORMUZ HOURS

AFTER A DEADLY MISSILE STRIKE SENT PLUMES OF SMOKE INTO THE

AIR. CHRISTINA: PLUS, OSCARS SUNDAY.

HOW THE SHOW IS CHANGING IN THE ERA OF STREAMING.

>> I THINK THE AUTHOR SHOULD GO TO THE MOVIE PEOPLE WILL REALLY

REMEMBER AND TALK ABOUT 5, 10 YEARS DOWN THE LINE.

DAVID: WELCOME TO "BLOOMBERG THIS

WEEKEND." LIVE FROM BLOOMBERG WORLD

HEADQUARTERS IN NEW YORK, I AM DAVID GURA. CHRISTINA:

I AM CHRISTINA RUFFINI, HERE WITH LISA MATEO.

BRINGING YOU THE LATEST BREAKING NEWS, IN-DEPTH

ANALYSIS, AND BUSINESS HEADLINES AROUND THE WORLD.

DAVID: THE PENTAGON RELEASING THE

NAMES OF THOSE SIX SERVICEMEMBERS KILLED IN THAT

PLANE CRASH IN IRAQ.

CAPTAIN SETH KOVAL, MAJOR KLINNER, CAPTAIN SAVINO,

TECHNICAL SERGEANT PRUITT, CAPTAIN ANGST, TECHNICAL

SERGEANT TYLER SIMMONS. THE PRESIDENT TALKS ABOUT THE

PROSPECTS OF THIS ENDING SOON, BUT ALL INDICATIONS ARE THAT IS

NOT THE CASE. CHRISTINA:

COLLATERAL DAMAGE, INCLUDING AMERICAN CASUALTIES, ARE HIGHER

THAN PEOPLE ANTICIPATED. WE ARE UP TO 13 AMERICAN

CASUALTIES AND 5 REFUELING PLANES WERE STRUCK, 7 STRUCK

OVER ALL. OBVIOUSLY, THEY ARE SLOWER,

THEY ARE A LITTLE BIT OF A BIGGER TARGET.

BUT THIS WAR IS COSTING AMERICA MORE THAN JUST DOLLARS, AND WE

WILL HAVE TO SEE HOW LONG THE PRESIDENT AND THE AMERICAN

PEOPLE WANT TO STAND IT. DAVID: WE WERE COVERING YESTERDAY THE

ATTACK ON THE U.S. EMBASSY BACK -- IN BAGHDAD, THE

SMOKE WE SAW. CHRISTINA: AND I AMERICANS IN THAT COUNTRY

HAVE BEEN ORDERED TO GET OUT. DAVID:

LET'S GET AN UPDATE ON THE HEADLINES NOW WITH LISA MATEO.

LISA: PRESIDENT TRUMP SAYS IRAN IS

READY TO NEGOTIATE A CEASE-FIRE, BUT HE IS NOT READY

TO MAKE A DEAL. IT WAS A 30 MINUTE PHONE

INTERVIEW WITH NBC NEWS. THE PRESIDENT SAID "TERMS

AREN'T GOOD ENOUGH YET." HE DID NOT SAY WHAT THOSE TERMS

WERE. HE ALSO DISMISSED RISING GAS

PRICES AND QUESTIONED WHETHER IRAN'S NEW SUPREME LEADER IS

EVEN ALIVE. AT THE SAME TIME, THE PRESIDENT

RIPPING UP PRESSURE TO REOPEN THE STRAIT OF HORMUZ, CALLING

ON NEIGHBORING COUNTRIES TO DEPLOY WARSHIPS TO HELP VESSELS

PASS THROUGH SAFELY. IN A SOCIAL MEDIA POST, HE SAID

HE HOPED CHINA, FRANCE, JAPAN, SOUTH KOREA, AND THE U.K.

WOULD PITCH IN. HE SAID THE U.S. WILL HELP PROVIDE CARE FOR

THOSE WHO WILL TAKE CARE OF THE PASSAGE.

IRAN'S MINISTERS SAID THAT THEY WOULD ONLY ATTACK SHIPS THE

BOARD BY ENEMIES.

THIS AFTER THE PRESIDENT -- ACCORDING -- ROUGHLY 3700 50

PEOPLE HAVE BEEN KILLED ACROSS THE REGION SINCE THE WAR BEGAN

FEBRUARY 28. SPEAKING FROM BEIRUT, THE U.N.

SECRETARY GENERAL CALL FOR AN IMMEDIATE END TO THE

HOSTILITIES AND A STOP TO ISRAELI BOMBING IN LEBANON.

>> HAVE IMMEDIATE DE-ESCALATION. MY SPECIAL COORDINATOR IS

ENGAGING AROUND THE CLOCK TO BRING THE PARTIES TO THE TABLE.

LISA: HAPPENING TODAY, U.S. AND CHINA TRADE TALKS ARE

UNDERWAY, TAKING PART IN NEGOTIATIONS, U.S.

TREASURY SECRETARY SCOTT BESSENT AND U.S.

TRADE REPRESENTATIVE JAMIESON GREER, AND THAT CHINESE VICE

PREMIER. THEY ARE EXPECTED TO DISCUSS

THE WAR IN IRAN. THIS COMES AHEAD OF PRESIDENT

TRUMP'S VISIT TO CHINA. DAVID: LAYING THE GROUNDWORK FOR THAT

VISIT. WE WILL GO BACK TO IRAN AND THE

MIDDLE EAST CARE PRESIDENT TRUMP HAVING A PHONE INTERVIEW

WITH NBC NEWS EXCLUSIVELY, TALKING ABOUT THE WAR, WHERE IT

STANDS, AND HE SAID, "IRAN WANTS TO MAKE A DEAL, AND I

DON'T WANT TO MAKE IT BECAUSE THE TERMS AREN'T GOOD ENOUGH

YET." CHRISTINA: JOINING US TO TALK ABOUT THIS

IS JOUMANNA BERCETCHE, PHILIP CROWTHER, AND LAURA DAVIDSON.

THANK YOU ALL FOR JOINING US. THERE WERE DRAMATIC IMAGES

OVERNIGHT OF SMOKE RISING FROM A PORT WHICH I BELIEVE IS

SOMEWHAT NEAR YOU. IRAN HAD SAID THEY BELIEVED

SOME OF THESE INCOMING MISSILES WERE FIRED FROM THE UAE.

WAS THIS RETRIBUTION FOR THAT?

PHILIP: THIS APPEARS TO HAVE BEEN

RETRIBUTION.

THIS IS THE AL-FUJAIRAH OIL FACILITY, A FEW KILOMETERS

SOUTH OF WHERE WE ARE HERE. ABOUT 24 HOURS AGO, THERE WERE

TWO HUGE BLACK PLUMES OF SMOKE FROM APPARENT DRONE ATTACKS.

THESE DID NOT NECESSARILY HIT THE PLANT DIRECTLY, THEY MAY

HAVE BEEN SHOT DOWN AND THE FRAGMENTS THEREOF HIT THE OIL

FACILITY. IT LED TO A STOP OF SOME OF THE

OIL OPERATIONS. THEY APPEAR TO BE BACK UP AND

RUNNING, BUT YES, RETALIATION IT CERTAINLY WAS.

WHAT IRAN HAS BEEN SAYING AND HAS BEEN CLEARLY SIGNALING OUT

THE UNITED ARAB EMIRATES, WHERE I AM HERE, IS THEY ARE SAYING

U.S. ATTACKS ON SPECIFICALLY KHARG

ISLAND, WHERE IRAN PROCESSES A LARGE PERCENTAGE OF ITS OIL AT

ITS TERMINAL, THAT THAT WAS ATTACKED BY THE UNITED STATES

FROM THE UNITED ARAB EMIRATES, FROM AIRBASES OR EVEN FROM

PORTS. SO THE REACTION FROM IRAN WAS

TO SAY EVERYONE SHOULD EVACUATE THREE BIG PORTS IN THE UNITED

ARAB EMIRATES, INCLUDING THE ONES WE JUST MENTIONED, AL-FU

JAIRAH, AND INCLUDES THE BIGGEST PORTS IN THE WHOLE OF

THE MIDDLE EAST. THERE WAS A FAT THAT WOULD BE FURTHER

ATTACKS ON THOSE PORTS BECAUSE IRAN SAYS THEY WERE USED TO TO

STAGE ATTACKS ON IRAN. IRAN IS SAYING THIS WITHOUT ANY

PROOF AND THE U.S. MILITARY HAS NOT EVEN DEEMED IT

WORTHY OF RESPONSE. NOW THERE HAVE NOT BEEN ANY,

FROM THE POINT OF VIEW FROM IRAN, WE SHOULD SAY, SUCCESSFUL

ATTACKS ON THOSE PORTS. THEY MAY HAVE BEEN

INTERCEPTIONS OVER THE LAST 24 HOURS OR SO, BUT THERE HAVE

BEEN NO DIRECT HITS, NO FRAGMENTS OF DRONES OR MISSILES

HAVE HIT ANY FACILITIES OR ANYTHING IN THE UNITED ARAB

EMIRATES OVER THE LAST 24 HOURS. AND THAT GOES FOR MOST GULF

COUNTRIES. THERE HAVE BEEN MASS ATTACKS OF

DRONES ON BAHRAIN, FOR EXAMPLE, ON SAUDI ARABIA AS WELL, BUT

THE AIR DEFENSES OF MOST OF THESE GULF COUNTRIES HAVE BEEN

WORKING WELL, AND INCREASINGLY WELL, AS THIS CONFLICT

CONTINUES. DAVID: I WANT TO GO BACK TO THAT

COMMENT FROM THE PRESIDENT TO NBC NEWS ABOUT THE STATE OF

PLAY IN THIS WAR AND WHERE IT MAY BE HEADED, LINGERING ON

THAT LINE THAT IRAN WANTS TO MAKE A DEAL BUT THE PRESIDENT

DOES NOT THINK THAT TERMS ARE GOOD ENOUGH YET.

WHAT IS YOUR SENSE OF WHAT THE PRESIDENT IS HOPING FOR OR

WANTS IN TERMS OF A DEAL AND HOW FAR APART THESE TWO SIDES

ARE AT THIS JUNCTION OF THE WAR? JOUMANNA:

IT IS INTERESTING TO OBSERVE THE EVOLUTION OF HIS THINKING.

IT WAS A COUPLE DAYS PRIOR HE WAS CALLING FOR THE

UNCONDITIONAL SURRENDER OF THE IRANIAN REGIME, BUT NOW HE

SEEMS TO BE OPEN TO ESTABLISHING A DEAL WITH THEM

OF SOME SORT. IN THAT INTERVIEW WITH NBC, HE

DECLINED TO GIVE A LOT OF COMMENTARY ON WHAT THE

CONDITIONS WOULD BE BUT MAINTAINED THIS IS A STANCE THE

U.S. MAINTAINED EVEN BEFORE THE WAR

KICKED OFF, THAT IRAN SHOULD NEVER HAVE THE ABILITY TO

DEVELOP A NUCLEAR WEAPON. FROM IRAN'S PERSPECTIVE, WE

HAVE HAD A COUPLE NOTABLE FIGURES FROM THE REGINA SPEAK

OUT, THE FOREIGN MINISTER MAKE SOME REMARKS, IN ADDITION TO

THE IRANIAN PRESIDENT, WHERE THEY

SUGGESTED THEIR CONDITIONS TO COME TO THE NEGOTIATING TABLE

WITH THE U.S. WOULD INCLUDE FULL RECOGNITION

OF IRAN'S "LEGI TIMATE RIGHTS," WITHOUT GIVING INFORMATION ON

WHAT THAT IS, AND REPARATION, AND GUARANTEES THAT A WAR LIKE

THIS WILL NEVER HAPPEN AGAIN. SO THEY ARE STAKING THEIR OWN

TERMS TO GO BACK TO THE NEGOTIATING TABLE.

OF COURSE, THEIR ECONOMY IS MASSIVELY BUCKLING UNDER THE

STRAIN, EVEN BEFORE THE WAR KICKED OFF, AND NOW THERE IS

THE REAL THREAT OF CIVILIAN INFRASTRUCTURE BEING ATTACKED,

KHARG ISLAND BEING A KEY LIFELINE FROM -- FOR THEM.

FOR THE IRANIANS, THIS IS AN EXISTENTIAL THREAT TO THEM.

AND THE FACT THE U.S. IS NO LONGER TALKING ABOUT

REGIME CHANGE BUT SAYING WE ARE OK TO CUT A DEAL, IN THEIR

EYES, IS A VICTORY, AND THEY HAVE SUSTAINED A LOT OF FLOWS,

NAMELY LOSING MILITARILY. BUT IF THEY COME OUT OF THIS

THE OTHER SIDE STILL INTACT AND STILL EFFECTIVELY LEADING THE

COUNTRY, THEY WILL DEEM THAT A VICTORY.

SO THEY ARE STILL A LOT OF DAYLIGHT BETWEEN THE TWO SIDES.

FROM THE IRANIAN PERSPECTIVE, THEY WILL CONTINUE TO INFLICT

AS MUCH DAMAGE AS I CAN IN ORDER TO SOMEHOW BRING THE U.S.

CLOSER TO WHAT THEY'RE ASKING FOR. CHRISTINA:

I WANT TO GO TO YOU IN TOKYO, BECAUSE THE BACKDROP OF THIS

CONFLICT IS WHAT IT IS DURING TWO ENERGY MARKETS.

AT THE SAME TIME, YOU HAVE THIS TRUMP-XI SUMMIT GOING ON.

THERE ARE U.S.-CHINA TALKS HAPPENING NOW IN PARIS.

YOU ARE IN JAPAN FOR -- THERE ARE ECONOMIC SECRETARIES THERE

AS WELL. DAVID JUST WROTE DOWN THE NAME

OF THE SUMMER AND I'VE ALREADY FORGOTTEN IT, SO CAN YOU PLEASE

REMIND ME THE NAME OF THE TOKYO SUMMIT, AND SET THE STAGE FOR

WHAT IS GOING ON AND WHERE THESE TWO BIG COUNTRIES ARE

GOING TO GO? DAVID: IT IS NOT AN EASY NAME.

LAURA: THIS IS A SUMMIT -- IT IS LARGELY BETWEEN THE U.S.

AND JAPAN, BUT THERE ARE ABOUT 18 COUNTRIES ALSO PARTICIPATING

WITH HIGH LEVEL ECONOMIC AND ENERGY OFFICIALS FROM THE

REGION TO TALK ABOUT CRITICAL MINERALS AND ENERGY.

THAT WAS IMPORTANT EVEN BEFORE IRAN.

NOW WITH A BACK DROP OF OIL PRICES SPIKING, THIS HAS ADDED

A LOT OF INTENSITY. THEIR DEALS I'VE BEEN STRUCK SO

FAR HAVE BEEN RELATIVELY MODEST -- THE DEALS THAT HAVE BEEN

STRUCK SO FAR HAVE BEEN RELATIVELY MODEST. THESE ART

MEMORANDUMS AND UNDERSTANDING THAT WILL DO NOT -- WILL NOT DO

MUCH OF THE CURRENT SITUATION. BUT PRIME MINISTER TAKAICHI IS

HEADED TO THE WHITE HOUSE THURSDAY.

SHE HAS BEEN CRITICAL OF THE U.S. STANCE IN IRAN AND SAYS SHE

PLANS TO HAVE A FRANK CONVERSATION WITH TRUMP.

SO THIS IS POSTURING FROM ALLIES IN THE REGION TO GET A

GOOD DEAL BUT ALSO -- CHRISTINA: THE INDO PACIFIC INDUSTRY AND

MINISTERIAL ENERGY FORUM. DAVID: ROLES RIGHT OFF THE TONGUE.

BUT NOTHING IS SHAPING THE CONVERSATION MORE THAN THE

STRAIT WE SEE BEHIND PHILIP CROWTHER.

WE WILL GO BACK TO THAT INTERVIEW NBC NEWS CONDUCTED

WITH PRESIDENT TRUMP. HE SAID WE ARE GOING TO BE

SWEEPING THE STRAIT VERY STRONGLY, AND WE BELIEVE WE

WILL BE JOINED BY OTHER COUNTRIES WHO ARE SOMEWHAT

IMPEDED. I AM LOOKING AT THAT LINE "WE

BELIEVE" AS HE INVOKES CHINA AND JAPAN

AND OTHER COUNTRIES. NOW WE HAVE A PRESIDENT TALKING

ABOUT THE NEED FOR ALLIES TO REOPEN OR GET TRAFFIC FLOWING

IN THAT STRAIT ONCE AGAIN. YOUR SENSE OF THE WILLINGNESS

OF OTHER COUNTRIES TO DO THAT -- I KNOW WE HAD A CONVERSATION

YESTERDAY ABOUT HOW LITTLE TRAFFIC YOU HAVE BEEN ABLE TO

OBSERVE BEHIND YOU. HAS ANYTHING CHANGED IN THE

LAST 24 HOURS? PHILIP: FIRST OF ALL, IT HAS NOT CARE

THAT HAS NOT BEEN INCREASING TRAFFIC, BECAUSE THERE IS NO

DEAL. IT IS DEEMED TOO DANGEROUS FOR

ANY CONTAINER SHIPS, ONE OF WHICH WE SEE BEHIND US, BUT

MORE CRUCIALLY, FOR THE WORLD ECONOMIC MARKETS, FOR OIL

TANKERS AND THOSE CARRYING THE CODIFIED NATURAL GAS TO PASS

FROM THE PERSIAN GULF THROUGH THE STRAIT OF HORMUZ TO WHERE I

AM HERE OUT INTO THE WIDER WORLD , BRINGING THOSE

COMMODITIES TO THE INTERNATIONAL MARKET.

BACK TO WHAT YOU MENTIONED, THIS HAS HAPPENED BEFORE IN THE

MIDDLE EAST, THAT THE UNITED STATES HAS MORE OR LESS

UNILATERALLY GONE TO WAR, AND IN THE AFTERMATH, IS ASKING FOR

HELP, ESSENTIALLY. IN THIS CASE, WHAT PRESIDENT

TRUMP IS DOING, HE IS MAY BE ENTICING OTHER COUNTRIES TO GET

INVOLVED IN WHAT WOULD BOIL DOWN TO AN INTERNATIONAL

COALITION OF WARSHIPS TO PROTECT SHIPS GOING IN AND OUT

OF THE STRAIT OF HORMUZ. IS HE ENTICING THEM, IS HE

PROVOKING THEM TO JOINING HIM, IT IS HE SAYING THIS IS A FATAL

COMPLETE -- A FAIT ACCOMPLI, BECAUSE IT IS YOUR SHIPS NOT

GETTING THROUGH. AND THESE ARE COUNTRIES VERY

MUCH AFFECTED BY THE U.S.-ISRAELI WAR ON IRAN, AND

CHINA IS NUMBER ONE THERE, BECAUSE SUCH A HUGE PERCENTAGE

OF THE OIL THAT PASSES THROUGH THE STRAIT OF HORMUZ GOES TO

CHINA. IN HIS POST LAST NIGHT, BY

PRESIDENT TRUMP ON HIS SOCIAL NETWORK ON TRUTH SOCIAL, HE WAS

NAMING COUNTRIES SPECIFICALLY, NOT INNOCENTLY -- THERE WAS A

REASON FOR THIS. FRANCE, THE UNITED KINGDOM,

THESE ARE WESTERN ALLIES. BUT JAPAN, SOUTH KOREA, AND

SPECIFICALLY CHINA.

HE WANTS THEM TO BE PART OF -- ESSENTIALLY IN ARMADA LED BY

THE UNITED STATES TO PROTECT THESE SHIPS AND GET TRAFFIC

FLOWING THROUGH THE STRAIT OF HORMUZ AGAIN.

THIS IS A LOT EASIER SAID THAN DONE WHILE THESE IRANIAN

THREATS TO HIT ANY SHIP THAT TRIES TO GO THROUGH THAT IS IN

ANY WAY AFFILIATED OR ALLIED WITH THE UNITED STATES AND

ISRAEL OR ITS ALLIES. WHILE THOSE THREATS CONTINUE,

YOU HAVE TO PRESUME THERE COULD BE IRANIAN ATTACKS ON WARSHIPS

AS WELL. CHRISTINA: SPEAKING OF ISRAEL, THERE IS A

REPORT THAT POPPED UP ON SEMAFOR THAT ISRAEL INFORMED

THE U.S. THIS WEEK IT IS RUNNING CRITICALLY LOW ON BALLISTIC

MISSILE INTERCEPTORS AS THE CONFLICT WITH IRAN RAGES ON.

ISRAEL REPORTEDLY ENTERED THE CURRENT WERE ALREADY LOW ON

INTERCEPTORS THAT WERE FIRED DURING LAST SUMMER'S CONFLICT

WITH IRAN.

AND THIS REPORT FROM UAE AND BAHRAIN ALSO RUNNING LOAN

INTERCEPTORS -- BOTH COUNTRIES HAVE PUSHED BACK ON THOSE

CLAIMS. WHAT ARE THEY TELLING YOU? JOUMANNA:

I THINK -- LET'S GO BACK TO THE STARTING POINT OF ALL THIS,

WHICH IS THE ASYMMETRY OF THE MILITARY WARFARE HERE.

I DO NOT THINK THERE IS A QUESTION THE U.S.

AND ISRAEL HAVE MILITARY DOMINANCE.

IN FACT, IF YOU GO BACK TO SOME OF THE COMMENTS FROM CENTRAL

COMMAND, THEY SAID THEY HAVE ELIMINATED 60% TO 70% OF

MISSILE LAUNCHERS IN IRAN, AROUND 60% TO 70% OF THEIR

MISSILE STOCKPILES. AT THE SAME TIME, MOST OF THE

REGION WAS TAKEN ABACK AT THE SHEER INTENSITY AND FREQUENCY

OF THE STRIKE THAT CAME THROUGH FROM IRAN TO THESE GULF STATES

AND TO ISRAEL ITSELF. TO GIVE AN EXAMPLE OF THE UAE,

THEY SAID THEY HAVE ENGAGED IN OVER 1600 DRONES AND 300

MISSILES LAUNCHED BY IRAN SINCE THE WAR BEGAN OVER TWO WEEKS

AGO.

AS OUR COLLEAGUE REPORTED, THE INTERCEPTION RATE FOR THESE

PROJECTILES IS VERY HIGH. IT IS BETWEEN SOMETHING LIKE

92% TO 95%, WHETHER IT IS DRONES OR MISSILES.

BUT THERE IS A MISMATCH IN COSTS. THIS IS SOMETHING IRAN

RECOGNIZES. THEY ARE CAPABLE OF MANUFACTURING THESE LOW-COST OR

OPPOSING HUGE AMOUNTS. THEY ARE ESTIMATED TO BE

SITTING ON 50,000 OF THESE DRONES.

AND THEY ARE COSTLY TO TAKE DOWN.

THE LONGER THIS WAR GOES ON FOR, THE MORE THERE WILL BE

QUESTIONS ABOUT HOW LONG THESE AIR DEFENSE SYSTEMS CAN HOLD UP

FOR. I SHOULD SAY THAT THESE GULF

STATES MAINTAIN THAT THERE AIR DEFENSE SYSTEMS CONTINUE TO

HAVE VERY HIGH INTERCEPTION RATES AND THEY ARE DOING WHAT

THEY CAN TO BEEF THEM UP. CHRISTINA:

THANK YOU, JIM AND OF A CENTURY. WE WOULD ALSO LIKE TO THANK

PHILIP CROWTHER, OUR AP INTERNATIONAL CORRESPONDENT,

AND LAURA DAVISON. DAVID:

COMING UP, WE GO BACK TO TOKYO TO THE INAUGURAL INDO PACIFIC

ENERGY SECURITY MINISTERIAL BUSINESS AND FORUM.

LEE ZELDIN, EPA ADMINISTRATOR, WILL JOIN US NEXT.

LISA: THANK YOU FOR JOINING US LIVE

ON "BLOOMBERG THIS WEEKEND ." I'M LISA MATEO.

OIL LOADING OPERATIONS AT A KEY PORT IN THE UNITED ARAB

EMIRATES HAVE RESUMED AFTER A DRONE STRIKE AND A FIRE FORCED

EXPORTS TO A HALT. SOURCES TELLING BLOOMBERG

OPERATIONS AT THE FUJAIRAH HAVE RESTARTED.

IT SITS AT A PLACE THAT ALLOWS THE UAE TO BYPASS THE STRAIT OF

HORMUZ. IT SERVES AS A SHIP REFUELING

HUB.

FUJAIRAH CAUGHT FIRE DUE TO DEBRIS FROM A FALLING

INTERCEPTORS DRONE STRIKE. THE FCC CHAIRMAN HAS AN ISSUE

TO BROADCASTERS COVERING THE IRAN WAR.

CORRECT COURSE OR RISK LOSING YOUR LICENSE.

CARR SAID THOSE RUNNING "FAKE NEWS"

HAVE A CHANCE TO CORRECT COURSE BEFORE LOSING THEIR LICENSE.

AND SWITZERLAND KEEPING ITS TRADITION OF NEUTRALITY AND

ARMED CONFLICTS. THE FEDERAL GOVERNMENT IN BERN

SAYS IT CLOSED ITS AIRSPACE FOR U.S. MILITARY FLIGHTS DIRECTLY

LINKED TO THE IRAN WAR. THREE FIGHTS, INCLUDING TWO

TRANSPORT AIRCRAFT, WERE APPROVED. DAVID:

THANK YOU LISA MATEO WITH THOSE HEADLINES. CHRISTINA:

RIGHT NOW, PRESIDENT TRUMP'S NATIONAL ENERGY DOMINANCE

COUNSEL IS HOLDING AND ENERGY FORUM IN TOKYO.

THIS WAS PLANNED BEFORE AMERICA STRUCK IRAN. DAVID:

JOINING US FROM TOKYO IS EPA ADMINISTRATOR LEE ZELDIN.

I WANT TO ASK YOU AT FIRST, REMEMBERING YOU AS A

CONGRESSMAN, YOU AS A FELLOW NEW YORKER, HAVE YOU TALKED AN

AWFUL LOT FOR THE NEED FOR THERE TO BE AND GAMES IN THE

CONFLICT -- ENDGAMES IN THE CONFLICT.

AS WE ENTER THIS WAR'S THIRD WEEK, I'M CURIOUS WHAT YOU

THINK THE ENDGAME IS, AGAIN, AS SOMEONE WHO SERVED IN THE

MILITARY? LEE: MY ROLE SERVING AS

ADMINISTRATOR OF THE ENVIRONMENTAL PROTECTION AGENCY

IS DIFFERENT FROM SERVING IN THE HOUSE FOREIGN AFFAIRS

COMMITTEE. I HAVE THE UTMOST FAITH AND

TRUST IN PRESIDENT TRUMP AND HIS NATIONAL SECURITY-INFORMED

POLICY TEAM. THEY HAVE BEEN CONDUCTING MANY

SUCCESSFUL STRIKES TO ACHIEVE STRATEGIC OBJECTIVES, TAKING

OUT TOP, HIGH-VALUE TARGETS THROUGHOUT IRAN CONSISTENTLY.

THAT PROGRESS HAS RESULTED IN ALL SORTS OF PEOPLE WHO HAVE

BEEN RESPONSIBLE FOR MANY ATTACKS THAT NOT JUST ADVERSELY

IMPACTED U.S. INTERESTS IN THAT REGION BUT

HAVE KILLED AND MAIMED U.S. SERVICE MEMBERS.

AS A NOW RETIRED MEMBER OF THE UNITED STATES ARMY, SPEAKING

FROM THAT EFFECTIVE, TOO MANY FELLOW SOLDIERS HAVE BEEN

TARGETED BY THE IRGC AND IRANIAN LEADERSHIP OVER THE

COURSE OF MY ADULT LIFE, SINCE FIRST GOING INTO THE MILITARY

IN 2003. SO SEEING THAT JUSTICE BROUGHT

TO BEAR, ON BEHALF OF ALL THOSE UNITED STATES SERVICE MEMBERS,

THOSE VETERANS, THOSE FAMILIES, THAT IS LONG OVERDUE JUSTICE

FOR MANY OF THESE IRANIAN "LEADERS"

WHO ARE NO LONGER ALIVE. CHRISTINA:

I WANT TO ASK YOU ABOUT THE SUMMIT. OIL PRICES ARE UP 40%.

AMERICANS ALREADY FEEL LIKE THEY ARE BEING SQUEEZED.

I KNOW YOU THERE PARTIALLY TO PITCH TO ASIAN COUNTRIES,

BECAUSE I HEARD YOU ON SOME OF OUR NETWORK FRIENDS, WHY

AMERICA WOULD BE A GOOD RESOURCE FOR THEM TO GET ENERGY.

MY QUESTION TO YOU AS MANY OF THOSE SAME NATIONS, INCLUDING

VIETNAM, THAILAND, AND OTHERS, ARE FEELING PRESSURED FROM THE

CONSTANTLY CHANGING U.S. TARIFF LANDSCAPE, AND THEY FEEL

THE PRESIDENT IS USING THAT AS A TOOL AND IT CHANGES DEPENDING

WHAT HE WANTS FROM FOREIGN POLICY.

SO WHY SHOULD ASIAN NATIONS TRUST THE U.S.

AS A CONSISTENT AND DEPENDABLE SOURCE OF ENERGY IN THE FUTURE?

LEE: ONE OF THE POINTS IS THAT YOU

SEE THESE ASIAN COUNTRIES THAT HAVE RELIED SO HEAVILY IN THE

MIDDLE EAST FOR THEIR CRUDE OIL, AND THE TIME IT TAKES, AND

THE RELIANCE ON A ROUTE THAT, IN MANY RESPECTS, A TERRORIST

REGIME HAS BEEN ABLE TO FREQUENTLY DISRUPT OR THREATEN

TO DISRUPT OVER THE COURSE OF YEARS AND DECADES.

NOW, THEY START LOOKING EAST TO THE UNITED STATES.

WHERE WE HAD BEEN UNLEASHING ENERGY DOMINANCE HERE AT HOME,

WITH NEW PROJECTS NOW ON THE HORIZON.

PRESIDENT TRUMP HAS BEEN ADVOCATING STRONGLY FOR A NEW

LIQUID LNG FACILITY PIPELINE THAT WOULD RUN ALONG THE

TRANS-ATLAS CAN -- TRANS-ALASKAN PIPELINE.

AND IT WOULD HAVE THE ABILITY TO HAVE A LOT MORE OIL PASSED

THROUGH IT. THAT ROUTE, FOR 60 YEARS --

JAPAN, FOR EXAMPLE, HAS BEEN THE LABEL -- LIGHT HAS BEEN

ABLE TO DELIVER THAT OIL TO ASIA UNINTERRUPTED WITH FREEDOM

OF NAVIGATION. CHRISTINA: IF I MAY COME ARE YOU NOT

GETTING ANY PUSHBACK THAT, EVEN IF YOU MAKE SOME OF THESE

DEALS, AND PRESIDENT TRUMP BECOMES DISPLEASED WITH THESE

COUNTRIES, HE CAN CLAW BACK THAT ENERGY? LEE:

WHAT WE JUST WITNESSED OVER THE LAST 48 HOURS IS MANY COUNTRIES

IN THE INDO PACIFIC ARE GRAVITATING TOWARDS THE UNITED

STATES. WE HAD OVER $50 BILLION WORTH

OF DEALS WITH U.S. COMPANIES.

ALL THE DIALOGUE THAT HAS TAKEN PLACE HAS BEEN WITH AN

UNDERSTANDING THAT, BY ENTERING INTO NEW DEALS WITH THE UNITED

STATES, IT ALLOWS THEM TO REDUCE THEIR RELIANCE, WHICH

WAS SO HEAVILY CONCENTRATED IN THE MIDDLE EAST. ON TOP OF IT,

IT TAKES JUST A FRACTION OF TIME TO GET THAT ENERGY SUPPLY

TO JAPAN AND THESE OTHER COUNTRIES COMPARED TO 28 DAYS

TO GET IT FROM THE MIDDLE EAST, IT WILL TAKE 8 DAYS TO GET

THERE FROM ALASKA. SO THAT IS ANOTHER DYNAMIC.

BUT JUST A LOT OF VERY ROBUST, ENERGETIC, MOTIVATED

CONVERSATION ENGAGEMENT FROM THE MINISTERS OF ENERGY OF ALL

OF THESE COUNTRIES TRYING TO CUT DEALS WITH THE UNITED

STATES. DAVID: YOU MAY HAVE HEARD CHRISTINA

SAY AT THE TOP THAT THIS WAS A SUMMER SCHEDULE BEFORE THE WAR

BEGAN. I AM CURIOUS, GIVEN WHAT HAS

HAPPENED, HOW MUCH THAT SITUATION IS COLORING THE

CONVERSATIONS YOU ARE HAVING WITH ALLIES AND COMPANIES OVER

THE COURSE OF THIS WEEKEND? LEE: ONE OF THE TOPICS THAT WERE

DISCUSSED, ONE OF THE PILLARS OF THIS WEEKEND, IS ABOUT THE

SUPPLY CHAIN.

FOR INDO PACIFIC COUNTRIES, THEY ARE FAR MORE MOTIVATED --

THEY ARE TALKING QUITE FREQUENTLY ABOUT WANTING TO

DIVERSIFY THEIR SUPPLY CHAIN, THAT THEY WANT TO START LOOKING

ELSEWHERE, BECAUSE THEY WERE RELYING TOO HEAVILY ON THE

MIDDLE EASTERN REGION FOR THEIR ENERGY.

NOW THEY ARE DIVERSIFYING HOW THEY PROVIDE ENERGY TO THEIR

PEOPLE. SOME COUNTRIES ARE FURTHER

ALONG IN TALKING ABOUT NUCLEAR. OTHERS RELY MORE ON LNG.

OTHERS TALKING ABOUT COAL. IT REALLY RAN THE GAMUT.

DEPENDING WHICH COUNTRY WEARE SITTING IN FROM BILATERAL OR

FOR MEETINGS AMONGST ALL THE ENERGY MINISTERS,

DIVERSIFICATION OF THE SUPPLY CHAIN WAS NOT JUST A BULWARK

GOING INTO THIS WEEKEND BUT SOMETHING FRUGALLY TALKED ABOUT

THROUGHOUT. CHRISTINA:

I HAVE A COUPLE OR -- A COUPLE NUCLEAR QUESTIONS.

WHAT ARE THE CONCERNS WE HAVE BEEN HEARING FROM NUCLEAR

EXPERTS AND SECURITY EXPERTS IS HOW TO SECURE AND POSSIBLY

TRANSPORT OUT THAT ENRICHED URANIUM IN THAT COUNTRY.

IS THERE A PLAN TO DO IT? DOES IT INVOLVE AMERICAN BOOTS

ON THE GROUND AND WHAT CAN YOU TELL US ABOUT WHAT IS GOING TO

HAPPEN THERE?

LEE: THAT IS A QUESTION I AS ADMINISTRATOR OF THE EPA WILL

NOT BE WILLING TO ANSWER ON BEHALF OF THE PRESIDENT AND

WHITE AND DEPARTMENT OF WAR AND DEPARTMENT OF STATE OR

DEPARTMENT OF ENERGY.

THE TRANSPORT OF URANIUM OUT OF IRAN AND ANY OTHER ASPECTS OF

YOUR QUESTION ARE QUESTIONS THAT I AS EPA ADMINISTRATOR

WOULD NOT BE APPROPRIATE TO ANSWER.

GREAT QUESTIONS BUT I WOULD NOT BE THE RIGHT PERSON TO ANSWER

THAT. DAVID: LET ME ASK YOU SOMETHING.

WE HAVE SEEN THE ADMINISTRATION OPEN UP PIPELINES OFF THE COAST

OF CALIFORNIA AGAIN AND THERE ARE A LOT OF CALIFORNIANS WHO

REMEMBER THAT OIL SPILL IN 2015 AND ARE WORRIED ABOUT THE

INTEGRITY OF THE PIPELINES. I WONDER WHAT YOUR MESSAGES TO

THEM AS WE HEAR FROM THE GOVERNOR OF THAT STATE AND

OTHERS SAYING THIS IS SOMETHING THAT SHOULD NOT BE HAPPENING IN

LIGHT OF THE FACT THERE ARE 100,000 GALLONS OF BARRELS OF

OIL SPILLED AS A RESULT OF THAT IN 2015. LEE:

IT IS IMPORTANT TO REMEMBER LESSONS LEARNED IN THE PAST. TO

BE LEANING INTO NEW TECHNOLOGY AND MAKE SURE THAT WITH NEW

PROJECTS FOR EXTRACTION, FOR PROCESSING, ANYWHERE IN AMERICA

THAT IN THE PARTNERSHIPS AND ANY REQUEST FOR PERMITS AND AS

THE INVESTMENT GOES FORWARD THAT WE ARE LEARNING THE

LESSONS OF THE PAST AND DOING IT AS SAFELY AS POSSIBLE, I

OFTEN TALK ABOUT HOW I STRONGLY BELIEVE IN THE UNITED STATES WE

TAP INTO OUR OWN ENERGY SUPPLIES SO MUCH SAFER THAN SO

MANY OTHER COUNTRIES AND THAT RUNS ACROSS THE GAMUT ON ALL

KINDS OF WAYS THAT ENERGY IS EXTRACTED SO TO HER QUESTION,

WHICH IS A GREAT ONE, IT IS IMPORTANT THAT WHEN THESE

PROJECTS AND PERMITS ARE MOVING FORWARD THAT WE ARE DOING IT AS

RESPONSIBLY AS POSSIBLE. CHRISTINA:

AS YOU TALK ABOUT U.S. ENERGY DOMINANCE, THE PRESIDENT

AND A LOT OF PEOPLE HAVE SAID THE U.S.

SHOULD LOOK MORE INTO NUCLEAR. ONE OF THE THINGS WERE AGENCY

HAS DONE IS CHANGE REGULATIONS FOR TRYING TO BUILD NUCLEAR

PLANTS AND REACTORS. THAT HAS HAD MIXED RESULTS

BECAUSE IT IS TRYING TO BRING PLANTS ONLINE FASTER AND SOLVE

THIS ISSUE BUT CRITICISM IS IT IS TAKING AWAY SAFETY CONCERNS,

INCLUDING THINGS LIKE FIREARMS TRAININGS AND EMERGENCY DRILLS

WHICH CRITICS SAY COULD MAKE THESE PLANTS MORE VULNERABLE TO

THEFT OF NUCLEAR POWER. WHAT IS YOUR RESPONSE AND DO

YOU HAVE CONCERNS WITH LESSENING REGULATIONS AROUND

NUCLEAR REACTORS?

LEE: AT NO POINT SINCE I WAS SWORN

IN AS ADMINISTRATOR 14 MONTHS AGO, WITH ANY NUCLEAR PROJECT

THAT I HAVE SEEN ANYWHERE INSIDE THE UNITED STATES, HAVE

I SEEN ANYTHING BUT THE HIGHEST LEVEL OF COMPETENCY BROUGHT TO

BEAR WITH INCREDIBLE STAFFERS, MANY CAREER STAFFERS HERE AT

EPA DOING OUR DUE DILIGENCE. TRUMP'S SPEED IS ABOUT

OPERATING QUICKLY. THE WAY WE HAVE IMPLEMENTED

THAT DIRECTIVE FROM THE PRESIDENT IS ONE THAT I CAN

CONSTANTLY SAY WITH EYES ON MANY DIFFERENT NUCLEAR PROJECTS

ACROSS THIS COUNTRY, THAT THEY ARE BEING DONE EXTRAORDINARILY

COMPETENTLY AND THAT PEOPLE AND COMPANIES MAKING THE BIG

INVESTMENT HAVE EVERY MOTIVATION TO PROTECT THAT

INVESTMENT. A LOT OF THESE COMPANIES ARE

BREAKING GROUND ON PROJECTS WITH GOALS OF BREAKING GROUND

ON MORE PROJECTS SO IT IS ALMOST A PROOF OF CONCEPT WHEN

IDAHO FALLS, IDAHO IS BREAKING GROUND, WHICH THEY HAVE

RECENTLY DONE. THEY WANT TO BUILD MANY MORE.

I THINK OF THEIR PROJECT IN OAK RIDGE AND TENNESSEE AS WELL AS

OTHER STATES. RIGHT NOW, THERE ARE A LOT OF

RETROFITS, A LOT OF NUCLEAR PROJECTS.

THE PERMITTING IS GOING FASTER UNDER PRESIDENT TRUMP, BUT DUE

DILIGENCE AND COMPETENCY HAS BEEN ALL OVER FROM THE

GOVERNMENT STANDPOINT AS WELL AS THE INVESTOR STANDPOINT.

DAVID: THAT IS LEE ZELDIN JOINING US

FROM TOKYO, WHERE THE SUN IS SETTING AS IT RISES IN NEW YORK.

HE IS JOINING US FROM THAT INAUGURAL FORUM. CHRISTINA:

WE APPRECIATE HIM STAYING UP LATE. WE APPRECIATE YOUR TIME.

ENERGY CONTINUES TO BE AN IMPORTANT CONVERSATION, THE

BACKDROP FOR EVERYTHING GOING ON NOW.

COMING UP, WE WILL SPEAK LIVE WITH ADAM SMITH, RANKING MEMBER

OF THE ARMED SERVICES COMMITTEE, AND REPUBLICAN

CONGRESSMAN MIKE LAWLER ON THE FOREIGN AFFAIRS COMMITTEE.

THAT IS AHEAD ON BLOOMBERG THIS WEEKEND.

CHRISTINA: WHAT CAN WE LEARN FROM PAST

CONFLICTS IN LIBYA, SYRIA, AND IRAQ AND WHAT CAN THAT TELL US

ABOUT HOW THE CONFLICT WILL END? HISTORY, HE SAYS, DOES ISSUE

WARNINGS. DAVID: HE IS A PROFESSOR OF WAR

STUDIES AT KING COLLEGE, LONDON. HE JOINS US NOW.

THANK YOU FOR BEING HERE. I WANT TO START WITH THE

DISAGREEMENT WE SEE AMONG ADMINISTRATION OFFICIALS IN THE

U.S.. NO CLEAR, UNIFIED RATIONALE FOR

THIS WAR. I'M CURIOUS WHAT HISTORY TELLS

US ABOUT POTENTIAL PROBLEMS OR PERILS OF GOING TO WAR WITHOUT

A THOROUGHLY IDENTIFIED GOAL OR MISSION.

>> THE PROBLEM IS THERE ARE

THINGS THE ADMINISTRATION IDENTIFIED, SOME THAT CAN BE

ACHIEVED THROUGH THE NUCLEAR PROGRAM

THEY THOUGHT THEY HAD DONE LAST JUNE.

THEY CAN DEGRADE THE MISSILE CAPABILITIES AND PRODUCTION OF

IRAN. THEY HAVE TAKEN OUT A LOT OF

NAVY. THOSE THINGS COULD BE DONE AND

IF YOU WANTED TO SAY THEY WERE A SUCCESS YOU COULD BUT THEY

HAVE TO DO MORE. THEY SAID THEY WERE GOING TO

ACHIEVE REGIME CHANGE BUT THEY HAVE NO MEANS OF DOING SO.

SO THAT IS GETTING A BIT PLAYED DOWN.

WHAT THEY DID NOT DO IS PREPARE THEIR ALLIES OR THE U.S.

PEOPLE FOR THE THINGS THAT IRAN MIGHT BE ABLE TO DO, WHICH IS

BASICALLY MAKE IT DIFFICULT TO MOVE THINGS AROUND THE GOLF AND

TO THREATEN INSTALLATIONS

WITHIN THE MAIN GULF STATES AND SO ON.

THAT IS WHERE THEIR PROBLEMS REALLY LIE HERE AND THEY DO NOT

KNOW HOW TO BRING THIS AT THE MOMENT.

CHRISTINA: YOU TALK ABOUT THE PROS AND

CONS OF ACHIEVING THOSE OBJECTIVES WITH OR WITHOUT

BOOTS ON THE GROUND. YOU WRITE NOT HAVING BOOTS ON

THE GROUND IS A GOOD WAY TO AVOID GETTING CAUGHT IN A LONG

AND FRUSTRATING CONFLICT BUT IT MAKES IT HARDER TO GUIDE THE

FINAL OUTCOME OR ACHIEVE YOUR GOALS AND COULD LAST LONGER.

>> THE DIFFICULTY YOU HAVE IS -- BOOTS ON THE GROUND, AS IT

IS NORMALLY PUT -- IT DOES NOT NECESSARILY GUARANTEE SUCCESS,

AS THEY HAVE FOUND IN UKRAINE, A COUNTRY OF 19 MILLION PEOPLE.

THEN YOU HAVE THE COUNTRY AND YOU ARE RESPONSIBLE FOR ITS

OCCUPATION AND ADMINISTRATION AND IRAN IS A MESS.

ECONOMICALLY, NEVER MIND -- SO UNDERSTANDABLY THE

ADMINISTRATION DOES NOT WANT TO HAVE ANY PART OF THAT BUT THAT

MEANS IT HAS NO MEANS OF DEALING WITH THE REGIME AND THE

CONSEQUENCES OF THE REGIME FALLING ON ITS OWN ACCORD,

WHICH IS POSSIBLE THOUGH I

THINK LESS LIKELY NOW, IS THAT YOU HAVE CHAOS.

YOU HAVE CHAOS IN THIS LARGE AND IMPORTANT COUNTRY AND YOU

ARE NOT NECESSARILY ABLE TO DO MUCH ABOUT THAT EITHER

APPEARANCE OF THE PROBLEM IS IN DOING THINGS SOLELY FROM THE

AIR, THAT YOU SET THINGS IN MOTION BUT YOU CANNOT CONTROL

HOW THEY END UP AND WE GET TO THE STAGE WHERE THE MAIN

PRIORITY OF THE ADMINISTRATION IS HOW TO STOP THE IRANIANS

DOING HARM TO AMERICA BECAUSE IT ALLIES AND FRIENDS IN THE

REGION -- AMERICA'S ALLIES AND FRIENDS IN THE REGION. DAVID:

ABOUT THE SECOND WAR WITH IRAQ, THERE WAS A ROBUST PUBLIC

DEBATE IN THE RUN UP TO IT. WE SAW THE ADMINISTRATION GO TO

CONGRESS AND THE UN SECURITY COUNCIL.

THAT DID NOT HAPPEN THIS TIME AROUND AND I'M CURIOUS WHAT

THAT SAYS ABOUT THE TRAJECTORY, NOT TRYING TO AMASS A COALITION

OF ALLIES INTERNATIONALLY OR DOMESTICALLY.

>> FIRST, WHEN THINGS GO WRONG, YOU OWN IT.

THIS IS PRESIDENT TRUMP'S WAR. SOME SAY NETANYAHU'S WAR.

IF THINGS GO WRONG, THEY GET THE BLAME.

SECONDLY, ALLIES HAVE REASON TO BE CROSS.

THEIR ECONOMIES HAVE BEEN PUT IN JEOPARDY.

PEOPLE ARE GETTING KILLED.

IT IS ALL VERY STRESSFUL AND THEY WERE NOT REALLY WARNED IN

ADVANCE. THEY WERE NOT CONSULTED.

BUT AS WE KNOW THIS ADMINISTRATION, THE WAY THE

DECISIONS GET MADE CAN BE QUITE ABRUPT AND DEPENDING ON THE

MOOD OF THE PRESIDENT.

SO YOU'VE CREATED A SITUATION WHERE ALLIES ARE SCRAMBLING

AROUND TO DEAL WITH PROBLEMS OF THEIR MAKING AND WITHOUT

CONFIDENCE THAT THE ADMINISTRATION CAN SORT IT OUT.

AN EXAMPLE OF THIS IS THE PROMISE TO PROVIDE NAVAL AIR

SUPPORT TO GET SHIPS THROUGH THE STRAIT OF HORMUZ, WHICH THE

PRESIDENT MADE BUT WHICH CANNOT BE FULFILLED BECAUSE IT IS TOO

DANGEROUS FOR THEM TO TRAVEL THEMSELVES SO I THINK THE

AFTERMATH OF THIS IS GOING TO BE A LOT LOTTERY THINKING ABOUT

HOW FROM THE ALLIES PERSPECTIVE THEY DEAL WITH THE U.S.

AND HOPEFULLY RETHINKING IN THE U.S. ABOUT THE ADVISABILITY OF

CONSULTING WITH ALLIES AND TAKING THEIR INTERESTS INTO

ACCOUNT WHEN YOU LAUNCH SOMETHING LIKE THIS. CHRISTINA:

YOU TALKED ABOUT THINGS THAT CAN GO WRONG.

ONE THING THAT SEEMS TO HAVE GONE WRONG IS THAT THEY IN THE

STRIKE SEEMED TO HAVE KNOCKED OUT A LOT OF THE POTENTIALLY

MORE MODERATE LEADERS WHO COULD TAKE OVER.

IS THERE A POSSIBILITY THE TRUMP ADMINISTRATION ENDS UP

WITH A REGIME THAT DOES NOT FALL AND IS MORE EXTREME THAN

THE ONE IT REPLACED?

>> YES. TO BE HONEST, I THINK THE

LIKELIHOOD THEY WILL FIND SOME PRAGMATIC GUY WHO WILL DO THE

SAME JOB DONE BY THE NUMBER TWO

IN VENEZUELA -- CERTAINLY THE ISRAELI STRIKES -- WENT BETTER

THAN THE TRUMP ADMINISTRATION SEEMS TO HAVE EXPECTED.

NOW THE IRGC IS RUNNING THE COUNTRY.

THE HARDLINERS ARE IN CHARGE OF THE MOMENT.

THAT IS WHY THEY ARE TAKING RISKS WITH HEZBOLLAH AND

HITTING ISRAEL FROM LEBANON AND SEEMED DETERMINED TO BOOST AS

HARD AS THEY CAN. FROM THEIR PERSPECTIVE, THEY

HAVE QUITE A COALITION RANGED AGAINST THEM SO THEY HAVE TO

TAKE ADVANTAGE OF THEIR MAIN LEVERAGE AT THE MOMENT, THE

DAMAGE TO THE INTERNATIONAL ECONOMY, WHILE THEY CAN.

AND SEE IF THEY CAN GET SOME GUARANTEES FROM EVERYBODY ELSE

OUT OF THAT SO THIS IS A REGIME FIGHTING FOR ITS SURVIVAL AND

IT WILL FIGHT HARD. DAVID:

THANK YOU, SIR LAWRENCE FRIEDMAN.

YOU CAN READ MORE OF HIS S AND GET A JUMPSTART ON YOUR WEEK

AHEAD WITH THE FORECAST NEWSLETTER. SUBSCRIBE AT

BLOOMBERG.COM/NEWSLETTERS. LISA: LETS YOU UPDATED ON TODAY'S TOP

STORIES. NVIDIA'S CONFERENCE KICKS OFF

TOMORROW. JENSEN HUANG WILL ATTEND A NEWS

CONFERENCE. MARKET WATCHERS WILL BE FOCUSED

ON NEW PRODUCT ANNOUNCEMENTS AND DEMAND TRENDS AND NVIDIA'S

ROADMAP FOR NEXT-GENERATION ACCELERATORS PEERED OVER TO

SPORTS. A SWEDISH SUPERSTAR ATTENDING

THE FINAL ROUND OF THE PLAYERS CHAMPIONSHIP IN FLORIDA AT THE

TOP OF THE LEADERBOARD. HE IS HOPING TO BECOME THE

FIRST PLAYERS AS RAY MCELROY TO LEAD -- LO

RORY MCILROY ALSO TONIGHT, THE 98TH ACADEMY AWARDS HOSTED BY

CONAN O'BRIEN. "SINNERS"

LEADS NOMINEES WITH THE MOST IN HISTORY.

"ONE BATTLE AFTER ANOTHER" FOLLOWS.

"HA MNET" IS ALSO HIGH IN THE MIX.

DAVID: I AM EXCITED FOR CONAN. CHRISTINA:

YOU NAILED THOSE GOLF PRONUNCIATIONS.

I WANT TO SHOW YOU SOMETHING. TIMOTHEE CHALAMET. LISA:

YOU WILL GET THERE. DAVID: WE WILL BE WATCHING.

LISA: I'M EXCITED. I HAVE NOT SEEN IT ALL, BUT

"SINNERS" WAS GOOD. CHRISTINA: WHO ARE YOU ROOTING FOR? LISA:

MICHAEL B. JORDAN. DAVID:

I WANT TO TALK ABOUT THE MERCY RULE.

THESE GAMES ARE PRETTY BRUTAL. NEXT, A BIG SPORTS DAY.

GET READY FOR YOUR MARCH MADNESS BRACKET STARTING

TONIGHT. BRACKETS FOR A CAUSE GETS

UNDERWAY THIS WEEK. WE WILL HAVE OUR BUSINESS AND

SPORTS COHOST JOINING US SHORTLY TO TALK ABOUT NCAA

MEN'S BASQUE BALL TOURNAMENT AND WOMEN'S BASQUE WILL WELL.

CHRISTINA: AND I'LL BE PRACTICING MY

PRONUNCIATIONS. ♪

THIS IS NOT ONLY OSCAR SUNDAY BUT ALSO SELECTION SUNDAY, A

BIG CHRISTINA: DEAL CHRISTINA: FOR COLLEGE BASKETBALL FANS.

DAVID: SAY IT LIKE YOU MEAN IT. CHRISTINA: I DO LIKE A BRACKET.

I KNOW NOTHING ABOUT THEM, BUT THIS IS FUN FOR ALL. DAVID:

MARCH MAN IS KICKING OFF THIS WEEK.

WE WILL FIND OUT WHICH TEAMS HAVE MADE IT TO THE BIG DANCE

IN HERE TO HELP US FIGURE OUT WHO THOSE TEAMS ARE LIKELY TO

BE SO YOU CAN PUT THEM IN YOUR BRACKET -- I DO NOT KNOW HOW

YOU SELECT YOUR TEAMS. CHRISTINA:

BASED ON MASCOT, COLOR SCHEMES. SOMETIMES THAT WORKS. DAVID:

THE HOST OF THE BUSINESS AND SPORTS PODCAST JOINTS ME NOW.

SHE MIGHT HAVE A MORE SOPHISTICATED CALCULUS THE NEW

WHEN IT COMES TO PICKING TEAMS. LET ME ASK YOU, WHAT COLORS

THIS SEASON NCAA TOURNAMENT? WE SEE ADS FOR SPORTS BETTING.

IT FEELS WE HAVE ENTERED A NEW ADORATION -- ITERATION OF MARCH

MADNESS WITH THE ADVENT OF SPORTS BETTING.

>> IT IS ONE OF THE BIGGEST THINGS OF THE YEAR AND ONE OF

THE BIGGEST WEDDING EVENTS ON THE CALENDAR.

IT IS ACTUALLY BENT ON MORE THAN THE SUPER BOWL CONSIDERING

THE AMOUNT OF GAMES MARCH MADNESS HAS.

THERE'S A PREDICTION OF $3 BILLION WILL BE BET ON THIS

YEAR'S MARCH MADNESS AND THAT ONLY INCLUDES SPORTS BOOKS, NOT

EVEN CONSIDERING PREDICTION MARKETS, WHICH IS ONE OF THE

THINGS PEOPLE ARE GETTING INTO. CHRISTINA:

IS THAT TAKING SOME OF THE FUN AWAY FROM THIS?

MY INTERPRETATION OF MARCH MADNESS IS A COLLEGE POOL AND A

BUNCH OF CASH. IT WAS ADORABLE IN ITS

SKETCHINESS PIER AND 3.3 BILLION DOLLARS -- PEOPLE ARE

STILL ENJOYING IT, BUT HAS IT CHANGED THE VIBE OF MARCH

MADNESS TO SOMETHING MORE SERIOUS? VANESSA:

I DO NOT THINK SO. IT IS ALMOST EXACTLY WHAT THEY

WANT AND WHAT WE HAVE ALREADY BEEN DOING WITH FILLING OUT

YOUR BRACKET LIKE YOU WERE SAYING BEFORE.

PEOPLE JUST THROW RANDOM THINGS IN SO IT IS THE SAME THING WITH

BETTING ON THE GAME. YOU ARE HOPING THAT CINDERELLA

STORY, THAT 11 SEED IS GOING TO COME THROUGH AND MAKE IT TO THE

ELITE EIGHT OR FINAL FOUR AND I THINK REALLY WHAT IT IS DOING

IS GIVING PEOPLE EXACTLY WHAT THEY ARE ALREADY WRITING DOWN

THEIR BRACKETS BUT IT IS GIVING THEM OPPORTUNITY TO ACTUALLY

MAKE MONEY ON IT AND IT IS REALLY THE SAME THING, JUST NOW

THEY ARE MAKING MONEY ON IT IN THESE -- AND SPORTS BOOKS ARE

HAPPY AS WELL. DAVID: I WANT YOUR COUNSEL WHO WE

SHOULD BE LOOKING TO FOR CINDERELLA STORIES.

YESTERDAY I WAS WATCHING THE VANDERBILT-FLORIDA GAME.

WE HAVE HAD THESE CONFERENCE TOURNAMENTS HAPPENING.

WHO ARE YOU LOOKING AT? WHO STANDS TO SURPRISE ALL OF

US? VANESSA:

I WENT TO DUQUESNE UNIVERSITY SO I'M A BIG FAN.

THEY ARE ONE OF THE CONFERENCES THAT KIND OF GET IN AND HAVE

THREE OR FOUR SEEDS SO IF YOU ARE FILLING OUT YOUR BRACKET

AND LOOKING TO PLACE A BET, USUALLY THOSE 11 SEEDS THAT WE

WILL SEE TODAY IN SELECTION SUNDAY WHO THOSE WILL BE, BUT

USUALLY THOSE ARE THE ONES YOU WANT TO PUT YOUR MONEY ON. LISA:

OBVIOUSLY LOTS OF MONEY AND INTEREST. I HAVE BEEN INFORMED

THERE IS SOMETHING CALLED THE BLOOMBERG BRACKET FOR A CAUSE.

THE WEBSITE GOES LIVE THIS WEEK. EXPLAIN WHAT THIS IS AND WHY WE

DO IT AND HOW MUCH MONEY IS RAISED. VANESSA:

IT HAS BEEN GOING ON FOR OVER 10 YEARS.

CEOS COME INVESTORS, HEDGE FUND MANAGERS ALL COME TOGETHER AND

PLEDGE $20,000 FOR WHAT WE ARE TALKING ABOUT, FILLING OUT

THERE BRACKETS AND RAISING MONEY FOR CHARITY.

WHITNEY WOLF, THE FOUNDER OF BUMBLE, HAS WON THE LAST TWO

YEARS IN A ROW AND SHE IS RAISING MONEY FOR BABY TO BABY,

A ORGANIZATION THAT HELPS CHILD POVERTY AND I HAVE WRITTEN THE

STORY AND TALKED TO SOME OF THE INVESTORS AND THEY HAVE A

LITTLE MORE OF A HEDGE THAN ME AND YOU FILLING OUT OUR

BRACKETS BECAUSE THEY SEE IT AS A INVESTMENT.

THEY SEE IT AS LOOKING AT THOSE LITTLE THINGS THAT THEY LOOK TO

IN THE MARKET. THEY ARE DOING THE SAME THING

WHEN THEY ARE FILLING OUT THEIR COLLEGE BRACKETS. CHRISTINA:

HOW COULD SOMEONE HAVE MORE INTEREST IN ANALYTICS AND

FILLING UP BRACKETS THAN ME? AS I CHOOSE MY MASCOTS AND

COLOR CHOICES BUT I WILL GIVE YOU THAT ONE. DAVID:

MY LAST QUESTION LOOKING AT THIS MOMENT, I HAVE HEARD FROM

FRIENDS THAT THEY ARE GOING TO RELY ON AI TO HELP PICK

BRACKETS THIS YEAR. MAYBE THAT WILL BE A PHENOMENON.

THEY COULD TELL YOU -- NOT THAT PAST PERFORMANCE IS A GUARANTEE

OF FUTURE SUCCESS BUT ARE YOU HEARING THAT AS WELL?

IS THAT A THING? PEOPLE USING AI TO FIGURE OUT

WHAT TO PUT IN THERE BRACKETS? CHRISTINA:

-- VANESSA: IT IS A TOOL THAT PEOPLE USE

AND COACHES USE IT SOMETIMES TO FIGURE OUT WHAT THEIR GAME PLAN

WILL BE BUT I THINK AI KNOWS JUST AS MUCH AS EVERYONE ELSE

DOES IN TERMS OF MARCH MADNESS. THEY CALL IT THAT FOR A REASON.

CINDERELLA STORIES HAPPEN EVERY YEAR BUT THE REALITY IS NUMBER

ONE SEEDS TEND TO WIN. DAVID: WE HAVE NOT TALKED ABOUT THE

WOMEN'S BRACKET YET. UCONN SEEMINGLY UNSTOPPABLE.

WINNER YEAR AFTER YEAR AND LOOKING LIKE THEY ARE ON THEIR

WAY TO WIN WOMEN'S MARCH MADNESS AS WELL. VANESSA:

IT IS AN AMAZING STORY. THEY WON LAST YEAR WITH PAIGE

BECKERS AND SHE FINALLY GOT HER RING.

NOW THEY ARE TRYING TO DO THE SAME THING AS SHE GOES IN TO

HER LAST YEAR BEFORE THE WNBA. THEY ARE UNDEFEATED.

THEY ARE LOOKING STRONG BUT I WILL NOT PUT IT PAST UCLA,

ANOTHER TEAM I WOULD LOOK AT WITH ONE OF HER LAST YEARS

BEFORE THE WNBA. DAVID:

GREAT TO TALK TO YOU, VANESSA PERDOMO. CHRISTINA:

I WILL SEND YOU MY BRACKET. MARK IT UP, PLEASE.

I HAVE TO BE TO DAVID. DAVID: WE WILL SEE.

CHRISTINA: WE ARE APPROACHING THE 8:00 A.M.

HOUR IN NEW YORK. STILL AHEAD, THE PERSPECTIVE

FROM IRAN ABOUT WHAT THE FUTURE OF THAT COUNTRY HOLDS. DAVID:

THE NEXT HOUR OF BLOOMBERG THIS WEEKEND STARTS NOW.

♪

>> WELCOME TO BLOOMBERG THIS WEEKEND, LIVE FROM NEW YORK

WITH DAVID GURA, CHRISTINA RUFFINI, AND LISA MATEO.

BIG INTERVIEWS AND THE STORIES THAT HIT HOME ON YOUR DAYS OFF.

DAVID: THIS IS BLOOMBERG THIS WEEKEND.

WE ARE HERE EVERY SATURDAY AND SUNDAY FROM 7:00 UNTIL 10:00

WALL STREET TIME. ANOTHER BIG MORNING OF NEWS IN

THE MIDDLE EAST. CHRISTINA: WE ARE GOING TO START WITH NEW

DEVELOPMENTS OUT OF THE MIDDLE EAST. THE PENTAGON IDENTIFY THE

SIX SERVICE MEMBERS KILLED IN A REFUELING PLANE CRASH IN IRAQ.

THAT IS CAPTAIN SETH KOVAL, CAPTAIN CURTIS ANGST, TECHNICAL

SERGEANT TYLER SIMMONS, AND TECHNICAL SERGEANT ASHLEY

PRUITT . THERE ARE ALWAYS HUMAN COSTS TO

THOSE OBJECTIVES. DAVID: PRESIDENT TRUMP ANNOUNCE THE

START OF THIS WAR THREE WEEKS AGO.

AS YOU LOOK OVER THE COURSE OF THAT PERIOD, THE TARGET WAS

IRAN INITIALLY BUT WE HAVE SEEN A GROWN GEOGRAPHICALLY AND WE

ARE CERTAINLY SEEING THIS FRONT EMERGE IN LEBANON AS WELL.

WE WILL TALK ABOUT THIS OVER THE COURSE OF THE HOUR.

700 PEOPLE HAVE DIED IN LEBANON ALREADY. VANESSA:

WE WILL LOOK FOR -- A REACTION FROM IRAN, WHICH HAS STARTLED

ALLIES. 820 DOCUMENTED IRANIAN AIRSTRIKES, FOUR HUNDRED 83 OF

THOSE INTERCEPTED. AS THIS DRAGS ON, HOW LONG CAN

THESE COUNTRIES CONTINUE TO INTERCEPT THESE?

THAT COST MONEY AND TIME AND THERE ARE NOT THAT MANY

INTERCEPTORS. IT IS NOT AN INFINITE SUPPLY

FOR ANYONE DESPITE THIS COUNTRY IS PUSHING BACK AGAINST REPORTS

SAYING THEY ARE RUNNING LOW ON MUNITIONS. DAVID:

WE WILL COVER THE POLITICAL COST IN THE U.S.

AS WELL AND PRESIDENT TRUMP HAVING A PHONE INTERVIEW WITH

NBC NEWS TALKING ABOUT HIS THINKING ON THE WAR AT THIS

POINT AND HOW HE IS THINKING ABOUT THE END GAME FOR THE WAR

AS WELL. WE WILL GET INTO THAT IN THE

NEXT HOUR BUT FIRST LET'S GET TO THE HEADLINES. LISA:

PRESIDENT DONALD TRUMP SAYS HE WANTS BETTER TERMS TO END THE

WAR IN IRAN AS THE CONFLICT DOES CONTINUE.

IT WAS A 30 MINUTE PHONE INTERVIEW WITH NBC NEWS.

HE SAID IRAN IS READY TO NEGOTIATE A CEASE-FIRE BUT THE

TERMS ARE NOT GOOD ENOUGH YET. HE DID NOT SAY WHAT THE TERMS

WERE AND ALSO DISMISSED CONCERNS ABOUT RISING GAS

PRICES AND QUESTION WHETHER IRAN'S NEW SUPREME LEADER IS

EVEN ALIVE. AT THE SAME TIME, HE IS RAMPING

UP PRESSURE ON IRAN TO REOPEN THE STRAIT OF HORMUZ, CALLING

ON COUNTRIES TO SEND WARSHIPS TO HELP COMMERCIAL VESSELS

PASSED THROUGH SAFELY. THE PRESIDENT GAVE LITTLE

DETAIL BEYOND SAYING HE HOPED THAT CHINA, FRANCE, JAPAN, AND

THE U.K. WOULD ALL PITCH IN. IN ANOTHER POST, HE ADDED THE

U.S. WILL PROVIDE HELP FOR THOSE NATIONS, WHICH TAKE CARE OF THE

PASSAGE. IRAN'S FOREIGN MINISTER SAYS IT

WAS ONLY SHUT TO SHIPS FROM ENEMIES.

ABOUT A FIFTH OF THE WORLD OIL SUPPLY NORMALLY FLOWS THROUGH

THE STRAIT OF HORMUZ. PRESIDENT TRUMP ORDERED

MILITARY STRIKES.

SPEAKING FROM A ROOM, THE YUAN SECRETARY CALLED FOR AN

IMMEDIATE END FOR HOSTILITIES -- UNITED NATION SECRETARY

CALLED FOR AN IMMEDIATE END TO HOSTILITIES.

DARK OUT THE UNITED NATIONS -- THE PROOF IS MY PRESENCE HERE

AND OUR SPECIAL REPRESENTATIVE IS ENGAGED WITH THE PARTIES TO

CREATE CONDITIONS AS SOON AS POSSIBLE TO STOP THIS WAR AND

RESTART NEGOTIATION.

LISA: OIL OPERATIONS AT A KEYPORT HAS

RESUMED AFTER A DRONE STRIKE AND FIRE FORCED EXPORTS TO A

HALT. SOURCES TELL BLOOMBERG

OPERATIONS AT FUJAIRAH HAVE RESTARTED. THE U.S.

AND CHINA TRADE TALKS ARE UNDERWAY IN PARIS, TAKING PART

IN NEGOTIATIONS ARE U.S. TRADE SECRETARY SCOTT BESSENT,

TRADE REPRESENTATIVE JAMIESON GREER, AND CHINA'S VICE

PREMIER, EXPECTED TO REVIEW THE LAST OF ELEMENTS IN A TRUCE

ALSO REACHED IN NOVEMBER. WE WILL DISCUSS THE WAR IN IRAN

AND INVESTMENTS IN PURCHASES AND TALKS AIMED AT -- JUST

AHEAD OF DONALD TRUMP'S TRIP TO CHINA. DAVID: THANK YOU.

APPRECIATE THOSE HEADLINES. WE HAVE THE HOST OF BLOOMBERG

MIDDLE EAST. YOU CAN SEE TRAVELING AT THIS VERY MOMENT.

CHRISTINA: I BELIEVE JEFF JUST GOT OUT OF

THE PRESS MAN.

DAVID: WE HAVE BEEN TALKING FOR THE

INTERVIEW THE PRESIDENT DID WITH NBC NEWS.

HE SAID HE DOES NOT KNOW IF THE NEW IRANIAN SUPREME LEADER IS

ALIVE AND NO ONE HAS BEEN ABLE TO SHOW HIM, HE SAID.

WALK US THROUGH HIS LATEST THINKING ON THIS WAR AND WHAT

WE LEARN FROM THIS INTERVIEW. JEFF: IT IS INTERESTING THAT HE

MENTIONED THEY ARE WONDERING WHETHER THE SUPREME LEADER IS

ALIVE. FRIDAY WHEN SECRETARY HEGSETH

SAID THAT THE NEW SUPREME LEADER HAD BEEN INJURED AND WAS

LIKELY DISFIGURED -- THAT WAS A SUGGESTION THEY THOUGHT HE WAS

ALIVE SO THE PRESIDENT SAYING THAT NOW IS A LITTLE MORE OF A

HINT AT THE AMBIGUITY THAT THE UNITED STATES IS APPARENTLY

HAVING ABOUT LEADERSHIP IN IRAN. MORE BROADLY, HIS, THAT HE WAS

NOT INTERESTED IN A DEAL THAT IRAN HAS APPARENTLY SHOWN

WILLINGNESS TO TAKE IS ALSO A SIGNAL THAT THE PRESIDENT IS

WILLING TO KEEP HIS -- THIS WAR GOING MUCH LONGER BECAUSE HE IS

NOT DONE AND THAT IS ALSO SOMETHING THAT WILL BE

SENSITIVE TO THE MARKETS MONDAY. CHRISTINA:

I DO NOT KNOW IF YOU SAW THIS TWEET FROM JOHN BOLTON, WHO WE

HAD ON OUR SHOW LAST WEEKEND.

HE IS KNOWN AS ONE OF THE STRONGEST IRAN HAWKS.

HE HAS BEEN PUSHING FOR REGIME CHANGE ALMOST AS LONG AS HE HAS

BEEN A PUBLIC FIGURE. HE SAID, I FAVOR REGIME CHANGE

IN IRAN BUT I WORRY INADEQUATE PREPARATION PREVENT THAT GOAL

FROM BEING ACHIEVED. THERE SEEM TO BE HOLES IN THE

STRATEGY FROM THE LACK OF COORDINATION WITH THE

OPPOSITION TO THE LACK OF PREPARING AMERICAN PEOPLE HEAD

OF THE ATTACK. HAS ANYONE IN THE ADMINISTRATION RESPONDED AND DO

YOU THINK THIS WILL FLAG ON THEIR RADAR AT ALL? JEFF:

I HAVE NOT SEEN ANY RESPONSE TO THE TWEET.

IT IS REMARKABLE FOR A COUPLE REASONS.

ONE IS THAT JOHN BOLTON IS DEFINITELY AN IRAN HAWK THAT

HAS BEEN PUSHING FOR SOMETHING LIKE THIS FOR SOME TIME HERE

ALSO WORTH NOTING, HE AND PRESIDENT TRUMP HAD A MAJOR

FALLING OUT SO A FALLING OUT TO THE EXTENT THE PRESIDENT

CANCELED THE AMBASSADOR'S SECURITY DETAIL. CHRISTINA:

WHICH WAS FOR THREATS FROM IRAN. JEFF: RIGHT.

IT IS NOT SURPRISING THAT A PASTOR BOLTON WOULD HAVE SOME

CRITICISMS, EVEN IF IT IS LARGELY A POLICY HE WOULD'VE

SUPPORTED, BUT COMING FROM SOMEONE WHO REALLY KNOWS THIS

STUFF, IF HE IS SUGGESTING THAT NOT ENOUGH PREPARATION WAS PUT

INTO PLACE, HE IS COMING FROM A POSITION OF KNOWLEDGE WHEN HE

MAKES THAT CRITIQUE. DAVID: JEFF MASON TRAVELING WITH THE

PRESIDENT IN FLORIDA. YOU SEE HIM THERE OUTSIDE THE

PRESS MAN. THANK YOU FOR THE UPDATE THIS

MORNING. AS I MENTIONED A FEW MOMENTS

AGO, LEBANON REALLY FRONT OF MIND FOR US THIS MORNING WITH

LISA MATEO GIVING US A SENSE OF WHAT THE U.N.

SECRETARY-GENERAL HAS SAID. WHAT CAN YOU TELL US ABOUT WHAT

ISRAEL HAS SAID ABOUT OBJECTORS THERE AS WE LOOK AT IT

ENCROACHING ON A LOT OF TERRITORY? JOUMANNA:

THIS IS A PARALLEL FRONT THAT IS OPENING UP AND I WANT TO

GIVE YOU CONTEXT BECAUSE THE LAST TIME THIS FLARED UP WAS IN

20 24. A CEASE-FIRE WAS AGREED TO IN

NOVEMBER 2024 THAT WAS PUT TOGETHER BY THE BIDEN

ADMINISTRATION.

THE TERMS STIPULATED THAT HEZBOLLAH WOULD HAVE TO DISARM

SOUTH OF A RIVER AND ISRAEL WERE WITHDRAWAL FROM STRATEGIC

POINTS IT HAD TAKEN OVER FROM A GROUND OFFENSIVE IT HAD

LAUNCHED IN THAT WAR. FAST FORWARD TO TODAY AND THERE

WERE MULTIPLE VIOLATIONS OVER THE COURSE OF THE CEASE-FIRE.

THERE WAS A LACK OF MONITORING AND ALSO SERIOUS QUESTIONS

ABOUT THE LENGTHS THE LEBANESE GOVERNMENT HAD GONE TO WITH THE

EFFECTIVE DISARMAMENT OF HEZBOLLAH.

THEY MAINTAINED THEY HAD DISARMED IT BUT REPORTS

SUGGESTED THAT HEZBOLLAH HAD REARMED AND RECONSTITUTED IN

OTHER PARTS OF THE COUNTRY SO IN THE EARLY DAYS OF THE WAR

HEZBOLLAH LAUNCHED AN OPERATION IN CONJUNCTION WITH THE IRGC

INTO NORTHERN ISRAEL, PROMPTING A STRONG RESPONSE OUT OF ISRAEL.

THEY SENT A NOTICE TO HUNDREDS OF THOUSANDS OF RESIDENTS IN

SOUTHERN LEBANON TO EVACUATE. IT IS NOW ESTIMATED ABOUT

800,000 PEOPLE HAVE BEEN DISPLACED.

THEY HAVE BEEN DROPPING LEAFLETS OVER CENTRAL PARTS OF

A ROOM WARNING RESIDENTS IF

THEY ARE CLOSE TO -- OF THEY RU -- BEU IRUT.

THE DEATH TOLL IS UP TO 700. IT WAS REPORTING OVERNIGHT

SUGGESTING THAT THE LEBANESE PRESIDENT HAS REACHED OUT TO

THE FRENCH PRESIDENT TO REOPEN DIPLOMATIC CHANNELS AND

RE-ENGAGE IN DISCUSSIONS TO BRING DOWN THE TEMPERATURE AND

PERHAPS REACH SOME FORM OF NON-BELLIGERENCE AGREEMENT OF

THE NEXT MONTH BUT THE REAL QUESTION HERE IS HOW MUCH

EFFECTIVE CONTROL THE LEBANESE GOVERNMENT HAS OVER HEZBOLLAH

AND WHETHER THEY CAN ADMINISTER EFFECTIVE DISARMAMENT, WHICH

HAS BEEN A BIG ISSUE FOR YEARS AND WHETHER FROM ISRAEL'S

PERSPECTIVE THEY ACTUALLY BELIEVE THE GOVERNMENT CAN

FOLLOW THROUGH ON THE DISARMAMENT SO THAT HEZBOLLAH

DOES NOT POSE A THREAT ANYMORE AND ON MONITORING THE

INTERNATIONAL COMMUNITY TO MAKE SURE THERE ARE NO FURTHER

VIOLATIONS. FOR ALL INTENTS AND PURPOSES,

THIS IS ANOTHER FRONT THAT HAS FLARED UP AND HAVE SPOKEN TO

DIPLOMATS AND THEY THINK EVEN IF THE IRAN WAR ENDS TOMORROW

THE LEBANESE FRONT WILL CONTINUE FOR AS LONG AS

HEZBOLLAH CONTINUES TO HAVE ARMS. CHRISTINA:

THIS HAS BEEN AN ONGOING ISSUE AND I REMEMBER SEEING THE VIDEO

LEAFLETS THE PEOPLE THOUGHT WERE MUNITIONS WARNING PEOPLE

TO GET OUT. ANYONE WHO HAS BEEN TO LEBANON

KNOWS IT IS NOT THAT EASY BECAUSE IT IS NOT LIKE HERE IS

HEZBOLLAH AND HERE IS EVERYBODY ELSE.

THESE POCKETS ARE IN CERTAIN NEIGHBORHOODS IN THEIR REPORTS

A BOMBING IN MORE RURAL AREAS WITH SOME INCREDIBLE HISTORICAL

THINGS THERE AS WELL.

THAT IS KNOWN AS MORE OF A HEZBOLLAH STRONGHOLD.

THERE ARE ALSO CIVILIANS THEY ARE SO WHAT ARE YOU HEARING?

I KNOW YOU HAVE CONTACTS IN THE COUNTRY.

WHAT ARE YOU HEARING ABOUT HOW PEOPLE ARE TRYING TO PROTECT

THEMSELVES AND IF THEY EVEN KNOW WHERE TO GO AT THIS POINT?

JOUMANNA: THIS IS A HUGE HUMANITARIAN

CRISIS AND YOU WILL SEE IMAGES OF HUNDREDS OF THOUSANDS OF

PEOPLE OVER THE COUNTRY QUIT BEING JAMMED INTO SHELTERS AND

SCHOOLS, MANY OF THEM NOT GETTING ACCESS TO FOOD, WATER,

MEDICINE. I WAS READING A REPORT ABOUT A

PREGNANT LADY THAT HAD TO GIVE BIRTH ON THE SIDE OF THE STREET

BECAUSE SHE DID NOT HAVE ACCESS TO A HOSPITAL SO I HUMANITARIAN

COST BUT THIS IS AN ECONOMY THAT WAS ALREADY CRIPPLED.

IT WAS CONTRACTING YEARS OF LONG FINANCIAL SYSTEMS, A

BANKING SYSTEM THAT HAS ESSENTIALLY BEEN FROZEN AND HAD

BEEN ON THE PATH TO RECOVERY WITH THIS NEW LEBANESE

GOVERNMENT THAT WAS FORMED IN EARLY 20 25, CLOSE TO THE

AMERICANS, HAD SAID ALL THE RIGHT THINGS AND ACTUALLY A FEW

DAYS AFTER HEZBOLLAH WANTS THOSE ATTACKS, AN

UNPRECEDENTED STATEMENT CAME THROUGH FROM THE LEBANESE

GOVERNMENT OUT LONG UNILATERAL MILITARY ACTIVITY FROM

HEZBOLLAH AND THREATENING TO ARREST ANYONE WHO CONDUCTED

MILITARY OUTSIDE THE REALM OF THE STATE.

AS I WAS SAYING, IT COMES BACK TO HOW THEY CAN IMPLEMENT AND

ADMINISTER IT IN THE ABSENCE OF INTERNATIONAL SUPPORT AND WHAT

OUR OWN REPORTING SUGGESTS IS THAT BECAUSE THE U.S.

ADMINISTRATION IS SO FOCUSED ON IRAN NOW LEBANON TO A CERTAIN

DEGREE HAS SORT OF MOVED TO THE BACK BURNER BUT WHETHER IT

BECOMES A FRONT AND CENTER ISSUE AGAIN WILL BE IMPORTANT

ALSO FOR THE REGION AND ISRAEL WON'T MAINTAIN FOR THEIR OWN

SECURITY AS WELL. -- WILL MAINTAIN FOR THEIR OWN

SECURITY AS WELL. DAVID: MARKETS AND ECONOMY NOW AS THE

WARHEADS INTO THE THIRD WEEK. MARKET FUTURES LOOK BLEAK AS

THE PRICE OF OIL CONTINUES TO CLIMB AT A DIZZYING PACE.

JOINING US NOW IS BLOOMBERG SENIOR REPORTER BAILEY

LIPSCHULTZ. I WANT TO TALK ABOUT THE ENERGY

MARKET BUT LET'S TALK STOCKS BECAUSE THAT IS -- HAS HAD A

HUGE AMOUNT OF INTERPLAY WITH WHAT WE HAVE SEEN

GEOPOLITICALLY. GLOBAL STOCKS HAVE LOST 5.5%

SINCE THE START OF THE CONFLICT. TO WHAT DEGREE IS THIS FRONT

AND CENTER FOR INVESTORS NOW? THERE WAS CONCERN ABOUT AI AND

PRIVATE CREDIT. WHAT ROLE IS THIS PLAN?

>> THIS IS DOMINATING THE CONVERSATION.

THE SECOND THERE WAS PERCEPTION THERE COULD BE NEAR TERM END TO

THE CONFLICT, WE SAW EQUITIES RALLY BECAUSE INVESTORS WANT TO

GET BACK IN AND BACK ON TO RISK ON TRADES, LOOKING FOR ANY HOPE

OF THE BIG QUESTION IS WHAT IS THE RESOLUTION LOOK LIKE?

WHEN YOU LOOK AT KNOCK ON EFFECTS OF OIL ABOVE $100 A

BARREL, POTENTIALLY AT $150 A BARREL, WHAT THAT MEANS FOR THE

U.S. ECONOMY AND FOR COMPANIES --

THE BIG QUESTION IS HOW ARE THESE UPDATES GOING TO BE

DISTRIBUTED AND WHAT IS GOING TO END UP HAPPENING?

WE SEE INVESTORS RAMPING UP PROTECTION FOR WITH THE

VOLATILITY COULD BRING. LISA: WHEN WE HEARD THE ANNOUNCEMENT

THAT THEY WERE GOING TO START RELEASING THE OIL FROM THOSE

STRATEGIC RESERVES, MARCUS DID NOT REACT POSITIVELY. WHY?

>> IT IS NOT THAT BIG A DEAL TO AN EXTENT.

THIS CAN ONLY TAKE OFF THE EDGE. IT DOES NOT ACTUALLY FIX THE

ULTIMATE ISSUE, WHICH IS HOW LONG IS THE STRAIT OF HORMUZ

CLOSE AND WHAT DOES IT LOOK LIKE WHEN IT IS REOPENED?

AND THE KNOCK ON EFFECTS. YOU CAN SAY MAY BE OIL HELPS

WITH THINGS LIKE GAS PRICES, BUT THAT DOES NOT FIX THE ISSUE.

THAT IS WHAT INVESTORS ARE LOOKING FOR.

THEY WANT A MIDDLE EAST THAT IS SOMEONE CALM AND THAT HELPS

THEM DIAL UP RISK AND MAKE INVESTMENT DECISIONS AS OPPOSED

TO SAYING AT LEAST CONSUMERS CAN CONTINUE TO BUY GROCERIES

AND GAS WILL GO BACK TO WHAT WE SAW BEFORE. CHRISTINA:

THEY ARE LOOKING AT THE SYSTEMIC ISSUE AND NOT SEEING A

NEAR-TERM RESOLUTION. DAVID: STILL REVERBERATING IS WHAT

DAVID SOLOMON SAID TO BLOOMBERG A COUPLE WEEKS BACK.

HE THOUGHT THE MARKET WAS UNDERESTIMATING THE MAGNITUDE

OF IT AND I'M CURIOUS IF HE STILL STANDS OUT TO YOU AS AN

OUTLIER SAYING THAT OR WE HAVE SEEN MORE INVESTORS AND

EXECUTIVES COALESCE AROUND THE IDEA THAT AS DEFINITE AS THIS

IS HOW LONG IT GOES ON MIGHT HAVE A MORE PROFOUND IMPACT ON

MARKETS.

>> THAT WAS THE CONVERSATION I WAS HAVING WITH INVESTORS.

OUR MARKETS PRICING AND POTENTIAL RISK OF WHAT THIS

COULD BRING? THE CONSENSUS WAS NO BUT WE ARE

NOT WORRYING ABOUT THAT UNTIL IT DOES HAPPEN.

HERE WE ARE AND IT HAS TAKEN PLACE.

MARKETS ARE NOT AS DOWN AS INVESTORS WOULD'VE EXPECTED

BECAUSE OF THE ULTIMATE KNOCK ON EFFECTS BUT THERE IS STILL A

LOT OF UNCERTAINTY AROUND WHAT THIS LOOKS LIKE. CHRISTINA:

WHAT ARE YOU MOST AND LEAST WORRIED ABOUT?

>> MOST WORRIED ABOUT OIL GETTING BACK UP.

I THINK THE KNOCK ON EFFECTS -- IT DOES HAVE AN IMPACT ON THE

U.S. ECONOMY. WE DO HAVE A FED DECISION LATER

THIS WEEK. LISA CONCERNED ABOUT -- I DO

NOT KNOW. EVERYTHING IS PRETTY BAD RIGHT

NOW. CHRISTINA: THANK YOU SO MUCH FOR JOINING

US. DAVID: I MENTIONED THE DECLINE IN

GLOBAL STOCKS BUT I THINK THE DECLINE IN FINANCIALS IS

FASCINATING. WE ARE SEEING THAT IN THE BANK

INDEX AND WE WILL TALK MORE ABOUT THAT AGAIN.

THERE IS THIS WAR BUT THOSE CONCERNS ABOUT AI WE WILL TALK

MORE ABOUT WHEN YOU COME BACK ON THE SHOW IN A FEW MINUTES.

CHRISTINA: CONCERNED ABOUT EVERYTHING.

THERE IS LOTS MORE FOR ME TO STUDY.

OIL DOES TOUCH EVERY ASPECT OF THE ECONOMY AND WE HAVEN'T EVEN

SEEN SECONDARY AND TERTIARY EFFECTS LIKE MANUFACTURING OR

EVERYDAY PRODUCTS. DAVID:

WILL THE PRESIDENT'S EFFORTS TO CALM THE ENERGY MARKETS BENEFIT

AMERICAN ADVERSARIES AND HOW DOES THIS BENEFIT THE ONGOING

WAR IN UKRAINE? THAT IS STRAIGHT AHEAD.

♪

LISA: LET'S GET YOU UP-TO-DATE WITH

OUR TOP STORIES AND THE CONFLICT IN THE MIDDLE EAST. NO

SIGNS OF SLOWING. THE U.S. AND ISRAEL CONTINUED STRIKING

IRAN, WHICH CARRIED ON ATTACKING ARAB GULF STATES.

THE U.S. TELLING AMERICANS TO LEAVE IRAQ

IMMEDIATELY DUE TO THE SIGNIFICANT THREAT POSED BY

IRAN ALIGNED TERRORIST MILITIA GROUPS.

ROUGHLY 3007 HUNDRED 50 PEOPLE HAVE BEEN KILLED ACROSS THE

REGION -- 3750 PEOPLE HAVE BEEN KILLED ACROSS THE REGION.

BRENDAN CARR HAS A WARNING FOR BROADCASTERS.

HE SAID BROADCASTERS RUNNING HOAXES AND NEWS DISTORTIONS,

ALSO KNOWN AS THE FAKE NEWS, HAVE A CHANCE NOW TO CORRECT

COURSE BEFORE THEIR LICENSE RENEWALS COME UP.

THAT WAS PLACED ON TOP OF A POST OF THE PRESIDENT

COMPLAINING ABOUT COVERAGE OF THE CONFLICT.

THREE MORE MEMBERS OF THE IRANIAN WOMEN'S SOCCER TEAM

GRANTED ASYLUM BY AUSTRALIA HAVE DECIDED TO RETURN TO IRAN.

THE PLAYERS WERE GRANTED HUMANITARIAN VISAS DUE TO

PERSECUTION FEARS AFTER IRANIAN STATE MEDIA DESCRIBED THEM AS

TRAITORS FOR NOT SINGING THEIR COUNTRY'S NATIONAL AND THEM

BEFORE ONE OF THE GAMES IN THE COMPETITION. CHRISTINA:

AUSTRALIAN AUTHORITIES HAD TO APPROACH THEM AT THE HOTEL AND

GIVE THEM OPTIONS AND SOME OF THEM WALKED OUT THROUGH THE

LOBBY AND SOME OF THEM ON THE WAY TO THE AIRPORT CHANGE THEIR

MINDS BECAUSE DEFECTION IS NOT JUST ABOUT YOU.

IT IS ALSO ABOUT RAMIFICATIONS FOR YOUR FAMILY.

WE WANT TO GO TO TWO EXPERTS ON THE MIDDLE EAST REGION,

BLOOMBERG'S EXECUTIVE EDITOR COVERING POLITICS AND A SENIOR

RESEARCH SCHOLAR AT COLUMBIA UNIVERSITY CENTER ON GLOBAL

ENERGY POLICY. I WANT TO START WITH YOU EVEN

THOUGH I DID NOT GET INTO COLUMBIA FOR GRAD SCHOOL AND

I'M NOT STILL UPSET ABOUT IT 10 YEARS FROM NOW.

WHEN YOU LOOK AT WHAT IS GOING ON NOW, HOW DO YOU THINK THE

MIDDLE EAST CONFLICT IS GOING TO HAVE AN IMPACT ON

COMMODITIES BEYOND WHAT WE KEEP TALKING ABOUT, WHICH IS OIL?

>> THANK YOU FOR HAVING ME APPEAR IN AS YOUR PROGRAM WAS

NOTED EARLIER, THE SECOND ORDER EFFECTS AND OUT ON EFFECTS OF

THE SUPPLY DISRUPTION -- IT IS A TRANSIT DISRUPTION AT THIS

POINT BECOMES MORE AND MORE OF A WORRY OF SUPPLY DISRUPTION.

TWO JET FUEL, DIESEL, REFINED PRODUCTS THAT COME SPECIFICALLY

FROM BIG REFINERIES LIKE THE ONE IN KUWAIT THAT CANNOT GET

OUT OF THE PERSIAN GULF NOW SO THOSE ARE THE PRODUCTS THAT ARE

DIFFERENT FROM CRUDE WHICH WILL HAVE AN IMPORTANT EFFECT.

COOKING GAS. FOR A LOT OF SMALL EAST ASIAN

ECONOMIES THIS IS GOING TO BE A REAL IMPACT TO THE DAY-TO-DAY

LIVES. THEY DO NOT HAVE ACCESS TO THIS

PRODUCTS AND THEY ARE BECOMING MORE EXPENSIVE.

THEN WE GET INTO PRODUCTS MADE FROM NATURAL GAS AND LNG SO

WITH 20% OF GLOBAL LNG SUPPLY

DISRUPTED BECAUSE OF THE FORCE MAJEURE, THAT IS HAVING EFFECTS

ON ALL KINDS OF INDUSTRIAL PROCESSES, INCLUDING WHAT IS

MANUFACTURED SO WE HAVE SEEN SHUTDOWNS AND FORCE MAJEURE OF

ALUMINUM PRODUCTION IN BAHRAIN AND START TO WORRY ABOUT THAT

IN OTHER STATES AS WELL. IN THE PROCESSING OF METALS WE

USE, ANYTHING THAT REQUIRES SOFTWARE -- SULFUR WHICH IS

MADE FROM CRUDE. THINGS WE USE FOR THE

PRODUCTION OF SEMICONDUCTOR CHIPS.

THIS IS SERIES AFTER SERIES OF ADD ON EFFECTS WE CAN EXPECT TO

SEE. DAVID: I WANT TO LINGER ON THE

LONELINESS OF ISRAEL AND THE U.S..

YOU HAVE BEEN READING THROUGH THE NBC WRITE UP OF THE

INTERVIEW WITH PRESIDENT TRUMP, AS WE ALL HAVE AND THERE IS

THIS ELEMENT'S OF HOPE ON THE PRESIDENT'S PART THAT OTHER

NATIONS AND ALLIES WILL COME TO THE STRAIT OF HORMUZ AND HELP

THE U.S. CLEAR THAT AND REOPEN IT TO

TRAFFIC. I WONDER HOW YOU THINK ABOUT

THE U.S.

AND ISRAEL'S ROLE VIS-A-VIS HIS THESE ALLIES.

THIS IS A CAMPAIGN THEY HAVE PROSECUTED LARGELY ALONE IN

THIS NEWS COMES ON THE HEELS OF WHAT BLOOMBERG HAS REPORTED,

THAT INDIA HAS BEEN ON THE PHONE WITH TEHRAN AND WAS ABLE

TO BROKER SAFE PACKAGE -- PASSAGE FOR TWO TINKERERS.

HOW DO YOU SEE THE U.S. AND ISRAEL IN THE BROADER

GLOBAL CONTEXT?

>> I NUMBER OF INTERESTING THINGS.

ITALY AND FRANCE ARE SEEING A WHIPLASH EFFECT OF WHAT TRUMP

SAYS ONE DAY AND WHAT HE SAYS THE OTHER.

IT HAS GONE FROM THIS IS OVER, WE HAVE WON, IT IS GOING TO BE

DONE SOON, WE DO NOT NEED YOU TO IT WOULD BE GREAT IF YOU

COULD HELP US SO I THINK IN ALL THESE CAPITALS THERE IS A SENSE

OF BEWILDERMENT AND BETRAYAL. IT IS NOT JUST THE EUROPEANS

THAT ARE USED TO BEING ON THE BAD SIDE OF TRUMP.

MORE SIGNIFICANTLY SOME OF THE SMALLER GOLF NATIONS ARE

ANNOYED. THEY ARE REALLY FEELING THEY

WERE LEFT OUT TO DRY. THIS WAS NOT A WAR THEY WANTED.

MOST PEOPLE PRIVATELY IN VARIOUS PLACES IN THE GULF AND

EUROPE WILL SAY WE WERE NOT CONSULTED ABOUT THIS AT ALL AND

NOW WE ARE BEING ASKED TO HELP

SO THIS PUTS ALL THESE LEADERS AND EXPERTS AND DIPLOMATS IN A

DIFFICULT POSITION BECAUSE EVEN AS RECENTLY AS LAST WEEK WHEN

PRESIDENT DONALD TRUMP ADDRESSED G7 LEADERS, IN THOSE

CALLS NO ONE REALLY PUBLICLY WANTS TO CONTRADICT HIM AND

THEY WILL SORT OF SAY WELL DONE, THIS IS A TERRIBLE

REGIME, BUT PRIVATELY WE ARE IN A WORLD WHERE EVERYONE IS

LOOKING OUT FOR THEMSELVES. AS YOU NOTED, TURKIYE HAS FOUND

SAFE PASSAGE. INDIA IS IN ITS OWN TALKS.

MACRON IS HAVING THOSE TALKS AND EVERYONE IS PRIVATELY

TRYING TO GET THEIR SHIPS THROUGH AND SEEING WHAT KIND OF

BACK CHANNELS THEY CAN WORK. EVERYONE IS TRYING TO SPEAK TO

THE IRANIANS SO I THINK YOU HAVE AN INTERESTING POSITION

NOW IF YOU ARE GOING TO LOOK AT WHAT TRUMP SAID PUBLICLY,

SAYING IRAN WANTS TO HAVE THIS WAR.

THE FOREIGN MINISTER HAS SAID THERE ARE NO SPECIFIC PROPOSALS

SO TO RECAP, FOR ISRAEL THIS IS EXISTENTIAL.

THEY HAVE WANT TO THIS WAR FOR 20, 30 YEARS.

TRUMP WANTS A SHORT-TERM GAIN. NOT THAT LONG AGO HE COMPARED

IT TO VENEZUELA.

FOR IRAN, IT IS ABOUT SURVIVAL. WHEN YOU'RE LOOKING AT THE

STAKES, THE COUNTRY THAT WANTS THIS WRAPPED UP IS THE U.S.

CHRISTINA: THE FOREIGN MINISTRY SAID IRAN

WAS OPEN TO A REGIONAL INITIATIVE.

I WANT TO ASK YOU -- HE WROTE AN ARTICLE BEFORE THIS LATEST

CONFLICT TALKING ABOUT THE LACK OF ALTERNATIVE TO THE STRAIT OF

HORMUZ FOR ENERGY COMING OUT OF THE MIDDLE EAST. YOU SENT THE

REGION HAS NO AVAILABLE PIPELINE INFRASTRUCTURE CAPABLE

OF FULLY BYPASSING THE STRAIT OF HORMUZ AND DIVERTING VOLUME

OF OIL TO OTHER PORTS SUCH AS THOSE IN THE RED SEA.

I KNOW THE SAUDI'S ARE TRYING TO ONBOARD ANOTHER PIPELINE.

IS THERE JUST NOTHING CURRENTLY FEASIBLE THAT CAN BYPASS THIS

ROUTE IN ANY MEANINGFUL WAY? ARE THERE PROJECTS STARTING OR

IN THE WORKS OR IN THE PLANNING PROCESS TO DO SO?

KAREN: WE HAVE THE EAST-WEST PIPELINE.

THE PROBLEM IS LOADING. YOU CAN ONLY LOAD ABOUT 3

MILLION BARRELS A DAY. ARAMCO IS WORKING TO GET THE

NUMBER UP BUT WE ARE SEEING AT LEAST WHAT WAS 15 MILLION

BARRELS A DAY OF CRUDE AND 4 MILLION BARRELS OF REFINED

PRODUCT, AT LEAST DISRUPTION IN THE 12 MILLION BARRELS A DAY

RANGE IN THAT CANNOT GO THROUGH THE EAST-WEST PIPELINE OR THE

PIPELINE THROUGH THE UAE. SO IT IS NOT ENOUGH CAPACITY.

THE TIME IT WOULD TAKE TO BUILD A NEW PIPELINE IS A GOOD IDEA

AND WE HAVE SEEN CALLS EVEN FROM THE QATAR GOVERNMENT THAT

THE GCC SHOULD BE MORE UNIFIED AND MORE OF A DEFENSIVE

STRUCTURE BUT ALSO IN TERMS OF THINKING ABOUT ITS ECONOMIC AND

ENERGY SECURITY. WE ARE YEARS AWAY FROM THAT

KIND OF POLITICAL COHESION BUT ALSO IN TERMS OF THE FINANCING

AND BUILDING OF THE INFRASTRUCTURE THAT WILL BE

REQUIRED SO I DO NOT THINK THAT IS FEASIBLE FOR THIS CONFLICT.

MAY BE A FUTURE ONE BUT IN TERMS OF WHAT WAS SATISFACTORY

CEASE-FIRE OR OUTCOMES OR ENDING THE CONFLICT NOW, THAT

IS WHERE WE HAVE HUGE DIFFERENCES FROM THE ISRAELI

PERSPECTIVE, THE AMERICAN PERSPECTIVE, AND THE GCC

PERSPECTIVE. THE ISRAELIS WOULD BE OK WITH A

FRAGMENTED, DISORDERED, EVEN IRAN IN A STATE OF CIVIL WAR.

THAT IS NOT OK FROM AN AMERICAN PERSPECTIVE.

DONALD TRUMP WANTS TO SEE IRAN AS ECONOMICALLY VIABLE

PARTICULARLY IN ENERGY EXPORT CAPACITY AND IS MORE

COMFORTABLE WITH SOME SORT OF STRUCTURE THAT IS AUTHORITARIAN

BUT PERHAPS EVEN THE IRGC IN CHARGE BUT DEFANGED ON THE

NUCLEAR SIDE AND MISSILES. WITH THE GCC IS UNCOMFORTABLE

WITH AND THE REASON THERE IS SO MUCH FRUSTRATION NOW IS THAT

IRAN CAN EXIST IN THE CAPACITY OF LOW-LEVEL VIOLENCE AGAINST

ITS NEIGHBORS, AGAINST ANYBODY GLOBALLY FOR A VERY LONG TIME.

THAT KIND OF DISRUPTION, NOT JUST ENERGY EXPORTS BUT TO

DOMESTIC NON-OIL ECONOMY, MANUFACTURING, FINANCIAL

SERVICES -- THOSE ARE THINGS THAT GULF STATES NEED TO GROW.

AND IRAN POSES A DIRECT THREAT TO THAT AND WILL CONTINUE TO DO

SO EVEN IF IT IS IN A STATE OF

TRANSITION OR DISARRAY AND THE ONLY COMBATANTS IN THIS

CONFLICT SEE IT IS LIKELY MORE ACCEPTABLE.

CHRISTINA: WE WILL HAVE TO LEAVE IT THERE.

THANK YOU BOTH SO MUCH. DAVID: CHRISTIE ENCOURAGED IRANIANS TO

RISE UP AGAINST THE REGIME. WE WILL TALK TO

IRANIAN-AMERICAN PROFESSOR ABOUT WHAT IS HAPPENING ON THE

GROUND IN TEHRAN. CHRISTINA:

FIRST, WILL HARRIS AND EMMY ROSSUM THOMAS EXPLORE THE

GLOBAL IMPLICATIONS OF THE GROWING ORAL AND ENERGY CRISIS.

WATCH THE WHOLE VIDEO AT BLOOMBERG.COM.

>> THE STRAIT OF HORMUZ IS IMPORTANT, ROUGHLY 100 TO 120

VESSELS ACROSS THIS EVERY DAY.

>> IT IS A NARROW WATERWAY, SHALLOW AS WELL.

THEY CANNOT CLOSE IT WITHOUT FORCE. WHAT WE HAVE SEEN AS THE

VIOLENCE AND THREAT OF VIOLENCE HAS KEPT SHIPOWNERS AWAY.

>> WE HAVE SEEN THIS RESULT IN ORAL VOLATILITY, UP TO NEARLY

$120 A BARREL.

>> THE MAJOR GULF PRODUCERS WERE PRODUCING 20 BILLION

BARRELS PER DAY.

THIS WEEK, REPORTING SHOWS 6.7 MILLION HAVE BEEN SHUT DOWN.

>> THIS HAS DOWNSTREAM EFFECTS

PRIMARILY ON FUEL CONSUMERS SO AIRLINES, CHEMICALS,

FERTILIZERS, AND ON THE CONSUMER, CHINA AND JAPAN AND

SOUTH KOREA. THE PRIMARY SUPPLY CRUNCH WILL

BE FELT WITHIN ASIA.

>> WHERE THE RUBBER HITS THE ROAD, THAT HAS ALL BEEN

HAPPENING SO FAR IN ASIA.

>> THERE ARE LIMITED BYPASS OPTIONS FOR CRUDE OIL AND LNG

OUTSIDE THE PERSIAN GULF. DAVID: WATCH THE WHOLE VIDEO AT

BLOOMBERG.COM AND THE BLOOMBERG TERMINAL AS WELL. CHRISTINA:

I REPORTING FOLKS HAVE BEEN OUTDOING THEMSELVES AND TRYING

TO MAKE THAT ACCESSIBLE IN A WATCHABLE WAY. DAVID:

FAST ANY CONVERSATION WE JUST HAD THERE.

WE DID NOT GET TO TALK ABOUT LEBANON BUT THAT IS STILL FRONT

OF MIND AS WE TALK ABOUT THE GAP BETWEEN U.S.

AND ISRAELI OBJECTIVES. WE CAN TALK ABOUT IT WITH ADAM

SMITH MEANT RANKING MEMBER OF THE DEFENSE COMMITTEE.

CHRISTINA: IT IS INTERESTING HOW LITTLE WE

HAVE HEARD FROM THE WHITE HOUSE ON THE CONFLICT AND IT IS

UNCLEAR TO WHAT EXTENT ISRAEL CARES OF THE U.S. IS ON BOARD.

DAVID: THAT COMING UP IN A FEW MINUTES. YOU CAN LISTEN TO IT ON

BLOOMBERG RADIO AND STREAM THE SHOW AT BLOOMBERG.COM AND THE

BLOOMBERG BUSINESS APP. MUCH MORE TO COME HERE ON

BLOOMBERG THIS WEEKEND LIVE. ♪

LISA: LET'S GET YOU UP-TO-DATE ON

YOUR TOP STORIES. SURGING GAS PRICES FALLING THE

CONFLICT IN THE MIDDLE EAST IS FORCING SOME DRIVERS TO RETHINK

GETTING ELECTRIC VEHICLES AGAIN. THESE ARE NEW SEARCH RESULTS

SHOWING THAT ELECTRIC VEHICLES -- THE SEARCH FOR ELECTRIC

VEHICLES IS UP 20% FOLLOWING THE INITIAL ATTACK ON IRAN,

COMPARED WITH 20% IN THE PRIOR WEEK, ACCORDING TO CARR EDGE,

AND AI DRIVEN PLATFORM THAT HELPS CAR SHOPPERS NEGOTIATE

WITH DEALERSHIPS. DRIVERS ALSO SEARCHING FOR MORE

HYBRID VEHICLES. I'M ON BOARD WITH THAT.

IN SPORTS, A SWEDISH SUPERSTAR ENTERING THE FINAL ROUND OF THE

PLAYERS CHAMPIONSHIP IN FLORIDA AT THE TOP OF THE LEADERBOARD,

HOPING TO BECOME THE FIRST PLAYER SINCE RORY MCILROY TO

LEAD AT THE 36 HOLE MARK AND GO ON TO WIN.

TEAM USA TAKING ON THE DOMINICAN REPUBLIC IN THE WORLD

BASEBALL CLASSIC SEMI IN MIAMI. THE U.S.

ADVANCE WITH A CLOSE WIN OVER CANADA FRIDAY.

THE DR MERCY RULED KOREA WITH A 10-0 BEAT DOWN IN SEVEN INNINGS.

I HAVE BEEN ON THAT SIDE, WHEN IT IS 10-0, AND IT IS NOT FUN.

DAVID: THE MERCY RULE IS CRITICAL.

I AM IN FAVOR OF IT. SOMETHING WE HAVE IN LITTLE

LEAGUE. GLAD TO SEE IT ON THE WORLD

STAGE. THOSE POOR KIDS. YOU HAVE TO HAVE MERCY.

CHRISTINA: WATCHING LITTLE KIDS LOSE

LITTLE LEAGUE -- I USED TO GO TO MY BROTHERS GAME.

IT IS SO SAD. DAVID: AND YET A PART OF LIFE.

THANK YOU FOR THOSE HEADLINES. FOR IRANIANS ACROSS THE GLOBE,

THE U.S. AND ISRAELI ATTACKS THAT LED TO

THE DEATH OF THE SUPREME LEADER BROUGHT UNPRECEDENTED JOY AND

UNCERTAINTIES AS THEY GRAPPLED WITH THE REALITY OF A TEETERING

REGIME AND PRESIDENT TRUMP'S CALL TO ACTION TO OVERTHROW THE

GOVERNMENT.

>> IRAN NEVER CONSIDERED THAT IT SHOULD LAY DOWN ITS WEAPONS

AND JUST GIVE IN AND ARRIVE AT PEACE WITH ISRAEL ON THE U.S..

IT HAS BEEN DETERMINED TO FIGHT AND THAT IS PROBABLY THE FOLLY

OR CONSEQUENCE OF THE STRATEGY THEY PURSUED, THIS IDEA THAT

THE UNITED STATES IS A THREAT TO IRAN, THE UNITED STATES

WANTS TO TAKE OUR SOVEREIGNTY, WE HAVE TO KEEP THE U.S.

OUT AND TAKEN OUT OF THE MIDDLE EAST. THIS HAS PROVEN COSTLY TO

THEM AND NOW THIS IS THE FINAL BATTLE, WHERE WE HAVE ENDED UP.

>> THE FINAL BATTLE IS AND IT IS EXISTENTIAL FOR THE IRANIAN

REGIME ONE WAY OR ANOTHER?

>> YES. THEY CALL THIS THE FINAL BATTLE.

ARE THERE WE GO DOWN OR THE COURT AND GETS BROKEN.

THEY UNDERSTAND THIS 47 YEARS OF RESISTANCE TO THE UNITED

STATES IS NO LONGER SUSTAINABLE IN THE WAY IT WAS WAGED.

IRAN IS DYING ECONOMICALLY. IT IS CONTINUOUSLY ATTACKED BY

ISRAEL ON THE UNITED STATES AND NOW ON ITS OWN SOIL SINCE THE

COLLAPSE OF HEZBOLLAH IN SYRIA. EITHER THE RESISTANCE COLLAPSES

OR RESISTANCE MANAGES TO CHANGE THE RULES OF THE GAME AND THAT

IS WHAT THEY ARE BETTING ON. CHRISTINA:

JOINING US NOW IS THE AUTHOR OF IRANIAN INTELLECTUALS OF THE

WEST AND CO-AUTHOR OF POST REVOLUTIONARY IRAN, A POLITICAL

HANDBOOK. HE SERVES AS THE VICE PROVOST

AND DEAN OF ARTS, SCIENCES, AND EDUCATION AT MISSOURI

UNIVERSITY OF SCIENCE AND TECHNOLOGY.

THANK YOU FOR JOINING US. I WANT TO GET INTO HER FAMILY

HISTORY BUT THE FIRST THING I WANT TO ASK YOU IS PRESIDENT

TRUMP AND OTHER LEADERS HAVE CALLED FOR A POPULAR UPRISING

IN TEHRAN AGAINST THE REGIME. THAT HAS NOT HAPPENED.

WHY DO YOU THINK THAT IS?

>> WE ARE DEALING WITH IN UNPOPULAR REGIME IN IRAN.

WE HAVE SEEN IT IN SUCCESSIVE WAVES OF SOCIAL MOVEMENTS IN

2009, IN THE FREEDOM MOVEMENT, AND IN THE UPRISING THAT WAS

BRUTALLY PUT DOWN BY THE REGIME, BUT THE SCALES ARE

STILL IN FAVOR OF THE STATE. THEY HAVE MONOPOLY OVER MEANS

OF VIOLENCE AND THEY HAVE SHOWN WHEN THEY ARE THREATENED AND

FEEL THAT THEIR EXISTENCE IS IN DANGER THEY ARE NOT SHY ABOUT

USING UTMOST FORCE TO PUT DOWN THE OPPOSITION SO AT THIS TIME

WE ARE WITNESSING A RATHER INTERESTING SITUATION.

A LOT OF IRANIANS HAVE PUT THEIR HOPES THAT THIS AERIAL

BOMBARDMENT MIGHT FINALLY TIP THE SCALE IN THEIR FAVOR BUT SO

FAR THE REGIME HAS SHOWN ITSELF TO BE MORE RESILIENT THAN I

THINK WASHINGTON AND TEL AVIV PERHAPS EXPECTED IT TO BE.

CHRISTINA: THERE ARE SECURITY CONCERNS BUT

ARE THEY ALSO PESSIMISTIC GIVEN PREVIOUS MOVEMENTS IN IRAN THAT

THE REGIME WILL CHANGE, THAT THEIR IMPACT IF THEY WERE TO

TAKE TO THE STREETS WOULD HAVE ANY DIFFERENCE?

>> IT DEPENDS ON HOW THE WAR ENDS. IF THE END OF IT IS A

TRIUMPHANT REGIME, THAN THE QUESTION CONFRONTING THAT

REGIME IS WHAT AM I GOING TO DO WITH MY OWN PUBLIC?

KEEP IN MIND THEY HAVE I THINK TWO WAYS IN FRONT OF THEM, TWO

PATHS. ONE IS TO REALLY INCREASE THE

LEVEL OF SUPPRESSION AND GO AFTER ANY OF THEIR OPPONENTS

AND SO FORTH. THE OTHER IS TO REALLY RETHINK

HOW THEY HAVE DEALT WITH THIS PUBLIC FOR SO LONG.

IRAN'S ECONOMY IS IN RUINS EVEN BEFORE THIS WAR STARTED AND NOW

IT IS AN EVEN WORSE SHAPE. THE CHALLENGE, AS FAR AS I SEE

IT, IS THAT THIS IS A REGIME CAPABLE OF INJECTING PAIN INTO

ITS OWN POPULATION. THEREFORE IN MY VIEW IT HAS A

HIGHER THRESHOLD OF PAIN COMPARED TO THE OTHER SIDE

WHERE PRESIDENT TRUMP HAS TO WORRY ABOUT PRICES AND THE

GLOBAL MARKET AND SO FORTH. DAVID:

I AM CURIOUS HOW YOU THINK ABOUT THIS PLAYING OUT, IF YOU

THINK THE PRESIDENT HAS CALLED FOR A CHANGE IN REGIME.

HE OFTEN INVOKES WHAT HAPPENED IN VENEZUELA WHERE HE DID

SPIRIT TO WHERE THE PRESIDENT OF THAT COUNTRY TO FACE TRIAL

IN UNITED STATES BUT LARGELY THAT COUNTRY'S POLITICAL

APPARATUS REMAINS UNCHANGED. THERE HAS NOT BEEN WHOLE SKILL

CHANGE IN THE WAY THAT COUNTRY IS RUN.

AS HE KEEPS CITING THAT IS A MODEL OR EXEMPLAR OF WHAT COULD

HAPPEN IN IRAN, WHAT MORE DO YOU THINK THE AMERICAN

PRESIDENT SHOULD BE DOING?

>> I THINK PRESIDENT TRUMP HAS NOT BEEN DISCIPLINED ENOUGH IN

TERMS OF THE MESSAGE HE HAS BEEN SENDING TO THE IRANIANS.

OF COURSE EMBOLDENED BY WHAT HAPPENED IN VENEZUELA.

HE KEEPS MENTIONING THAT AS A MODEL BUT WE ARE INTO WEEK

THREE OF THIS CONFLICT AND YET THERE HAS BEEN NO SERIOUS

DEFECTION AMONG THE IRANIAN POLITICAL ELITE.

WE ARE NOT SEEING A COUP BEING ORGANIZED AND SO FORTH.

SO WHEN PRESIDENT TRUMP SAYS

THIS IS A LITTLE EXCURSION AND WE CAN AGREE TO THINGS, I THINK

HE IS SENDING CONFLICTING SIGNALS TO THE PUBLIC.

CHRISTINA: I WANT TO ASK ABOUT YOUR

FATHER, A PROMINENT IRANIAN ENGINEER WHO WAS KILLED

ALONGSIDE THE U.S. EXECUTIVE IN 1978.

THE PRESIDENT WENT THROUGH A LAUNDRY LIST OF DEATHS HE SAID

HAD OCCURRED AT THE HANDS OF THE REGIME AND USE THEM AS A

JUSTIFICATION FOR THAT ATTACK. I'M WONDERING HOW YOU FELT

ABOUT THAT AND IF YOU THINK THAT WAS A CORRECT COURSE OF

ACTION OR IF YOU WOULD HAVE LIKED TO SEE THE U.S.

ADDRESS THIS IN A DIFFERENT WAY. >> MY APPROACH PERSONALLY,

DESPITE WHAT HAPPENED TO MY FATHER, IS THAT -- MY MESSAGE

IS NO TO THE ISLAMIC REPUBLIC AND NO TO WAR BECAUSE I THINK

THIS WAR IS NOT GOING TO PRODUCE THE INTENDED RESULTS.

AS I MENTIONED, I THINK WE MIGHT END UP WITH A REGIME THAT

IS GOING TO BE WOUNDED AND EVEN MORE BRUTAL, MORE SECURITIZED,

MORE MILITARIZED IN TERMS OF HOW IT DEALS WITH ITS REPUBLIC.

I PREFER THAT THE INTERNAL STRUGGLE AMONG THE IRANIANS AND

THE -- SOME 80% OF THE PUBLIC AS OPPOSED TO THIS REGIME SO IT

IS A MATTER OF TIME. AFTER THIS WAR, IF THEY

SURVIVE, THEY ARE GOING TO BE MUCH MORE WEAKENED.

CHRISTINA: THANK YOU FOR JOINING US.

WE APPRECIATE YOUR PERSPECTIVE THIS MORNING.

STILL AHEAD THE SUNDAY, OUR LIVE INTERVIEWS WITH TWO

MEMBERS OF CONGRESS WITH IMPORTANT COMMITTEE ROLES IN

THIS WAR, DEMOCRATIC CONGRESSMAN ADAM SMITH AND

REPUBLICAN CONGRESSMAN MICHAEL LAWLER. DAVID:

IT IS HOLLYWOOD'S BIGGEST NIGHT. WHO WILL TAKE HOME THE OSCAR

GOLD IN LOS ANGELES? CHRISTINA: HAVE YOU SEEN ANY OF THE BEST

PICTURE CONTENDERS? DAVID:

I HAVE NOT, BUT LET'S NOT HOLD THAT AGAINST ME.

I HAVE FOLLOWED AND READ THE STORIES AND YOU INTEND TO WATCH

SOME MOVIES. CHRISTINA: I MOVED AND STARTED A NEW JOB.

I AM BEHIND ON MY MOVIES. DAVID: THE OSCARS ARE ALWAYS

ASPIRATIONAL FOR ME. LISA MATEO HAS A PREVIEW COMING

UP NEXT ON BLOOMBERG THIS WEEKEND, WHICH YOU CAN WATCH ON

BLOOMBERG TELEVISION, LISTEN TO ON BLOOMBERG RADIO, AND STREAM

ON BLOOMBERG.COM AND THE TERMINAL AND THE BLOOMBERG

BUSINESS APP. WE WILL BE BACK ON BLOOMBERG. ♪

LISA: TONIGHT, THE ACADEMY OF MOTION

PICTURE ARTS AND SCIENCES IS GOING TO BE HANDING OUT THEIR

HIGHEST HONOR TO FILMS AND FILMMAKERS.

WHO IS WANT TO TAKE HOME THE OSCAR GOLD AND WILL PEOPLE BE

WATCHING IN THIS ERA OF STREAMING?

HERE TO BREAK IT ALL DOWN FOR US IS LUCAS SHAW.

ALSO THE AUTHOR OF THE SCREEN TIME NEWSLETTER.

THANKS FOR JOINING US. BEFORE WE GET TO THE

NOMINATIONS I WANT TO SET THE SCENE WITH THE SHOW ITSELF.

IT SEEMS LIKE AUDIENCES HAVE BEEN DROPPING OFF, MOVING FROM

BROADCAST TO STREAMING TO STRICTLY STREAMING.

THEN YOU HAVE A TIME OF LAYOFFS AND GEOPOLITICAL TENSION BUT AT

THE SAME TIME YOU HAVE OSCAR BETTING PREDICTIONS AT AN

ALL-TIME HIGH. ALL THAT SAID, WILL MORE PEOPLE

BE WATCHING? WHERE ARE THEY WATCHING IT?

WHAT DOES IT MEAN FOR THE FUTURE OF THE SHOW?

>> THE AUDIENCE FOR THE OSCARS HAS GONE DOWN CONSIDERABLY FROM

ITS PEAK. YOU LOOK AT THE NUMBER OF

PEOPLE WHO WATCHED IT IN THE LATE 1990'S AND EARLY 2000'S.

I BELIEVE THE YEAR TITANIC WON WAS THE HIGH WATERMARK.

THEY USED TO HAVE NORTH OF 40 MILLION PEOPLE WATCH IT AND NOW

IT IS CLOSER TO 20 MILLION. I THINK, THAT BEING SAID, THE

OSCARS IS STILL ONE OF THE MOST-WATCHED BROADCASTS,

BASICALLY AFTER FOOTBALL ON ALL OF TELEVISION AND ALWAYS RANKS

AMONG THE MOST-WATCHED TELECAST ON TV ANY GIVEN YEAR.

AND HAS SUFFERED SOME IN RELEVANCE BECAUSE IT USED TO BE

ONE OF THE ONLY PLACES PEOPLE COULD SEE ALL THE CELEBRITIES

IN ONE PLACE. NOW YOU CAN FOLLOW PEOPLE IN

SOCIAL MEDIA.

MOVIES USED TO BE MORE CENTRAL TO CULTURE.

I THINK THE AUDIENCE FOR THE SHOW WILL PROBABLY BE PRETTY

GOOD. YOU HAVE TWO CONTENDERS THAT

ARE BOTH VERY POPULAR MOVIES WERE AT LEAST RECENTLY POPULAR

MOVIES. YOU HAVE A LOT OF BIG NAMES

WHEN YOUNG TALENT. TIMOTHEE CHALAMET, MICHAEL B.

JORDAN. THE LONG-TERM TRAJECTORY IS

DOWN, WHICH IS ONE OF THE REASONS THEY HAVE DONE A DEAL

WITH YOUTUBE TO BRING IN FRESH BLOOD. LISA:

SIX MOVIES SECURED MORE THAN HALF OF ALL NOMINATIONS WITH A

BIGGER PICTURE LIST AND WITH A NEW CATEGORY.

WHY ARE FEWER MOVIES COMPETING? LUCAS:

I TRY TO ANSWER THIS BECAUSE I WROTE ABOUT IT FOR MY

NEWSLETTER. THE BEST ANSWER I CAN COME UP

WITH IS THE MAJOR STUDIOS ARE MAKING FEWER MOVIES THAT ARE

YOUR CLASSIC OSCAR MOVIES, YOUR DRAMAS, BASICALLY.

ADULT DRAMAS USED TO BE ONE OF THREE OR FOUR BIGGEST GENRES IN

MOVIES. IT HAS SLIPPED DOWN. THEY HAVE ALL DEFAULTED TO

MAKING FEWER MOVIES AND THOSE TEND TO BE BIGGER ACTION MOVIES

THAT CAN TRAVEL GLOBALLY SO WHEN STUDIOS DO MAKE A MOVIE

LIKE "ONE BATTLE AFTER ANOTHER" EVERYBODY GETS BEHIND IT.

I THINK THERE IS A LITTLE GROUPTHINK NOW.

ALL THE VOTERS JUST NOMINATE THAT MOVIE IN EVERY CATEGORY.

LISA: WE WILL START WITH THE BEST

PICTURES. TRAINED DREAMS, CENTUM UNTIL

VALUE, THE SECRET AGENT, -- SENTIMENTAL VALUE, THE SECRET

AGENT, AND F1. WHO DO YOU THINK WILL WIN AND

WHO SHOULD? LUCAS: "ONE BATTLE AFTER ANOTHER"

IS THE RUNAWAY FAVORITE. IT DID NOT WIN BEST CAST AT THE

SAG AWARDS BUT IT HAS WON ALL THE CRITICS AWARDS SO THAT IS

SEEN AS THE HEAVY FAVORITE AND IF IT LOST PEOPLE BE SURPRISED.

"SINNERS" IS THE ONLY MOVIE PEOPLE THINK

HAS A REAL SHOT. IT HAS THE MOST NOMINATIONS OF

ANY MOVIE IN OSCAR HISTORY AND WAS A WIDELY POPULAR MOVIE.

RYAN COOGLER IS WELL. I STILL THINK "ONE BATTLE"

WINS BUT I WILL NOT BE SURPRISED IF "SINNERS" DID.

WHAT SHOULD IS SUBJECTIVE. I THINK THE OSCAR SHOULD GO TO

THE MOVIE PEOPLE WILL REMEMBER AND TALK ABOUT 5, 10 YEARS DOWN

THE LINE AND I THINK THERE IS A MOVIE OF THESE NOMINEES THAT IS

MOST SIGNIFICANT IT IS PROBABLY "SINNERS"

AND ON A PERSONAL LEVEL I WILL PROBABLY PICK " SINNERS"

OR "MARTY SUPREME" OVER "ONE BATTLE,"

BUT WHO CARES WHAT I THINK? LISA: LET'S GET TO BEST ACTOR.

TIMOTHEE CHALAMET, LEONARDO DICAPRIO, ETHAN HAWKE, MICHAEL

B. JORDAN. WHO IS GOING TO TAKE IT HOME?

LUCAS: THIS HAS BECOME A BIG TALKING

POINT. FOR MOST OF THE SEASON,

TIMOTHEE CHALAMET LOOKED LIKE THE RUNAWAY FAVORITE.

HE RAN A SMART CAMPAIGN TO NOT JUST GO FOR AWARDS BUT TO

PROMOTE A MOVIE WHICH BECAME A BIG HIT FOR A PERIOD PIECE

ABOUT A PING-PONG PLAYER. MICHAEL B.

JORDAN HAS GAINED MOMENTUM AND IS SEEN AS THE FAVORITE.

IT IS LIKELY A TOSS BETWEEN THOSE TWO.

I GUESS WAGONER M -- WAGNER MOURA IS A REAL DARK HORSE.

LISA: LET'S GET TO BEST ACTRESS. WE HAVE JESSIE BUCKLEY, ROSE

BYRNE, KATE HUDSON, EMMA STONE. WHO IS YOUR PICK FOR BEST

ACTRESS? LUCAS:

THIS IS SEEN AS THE BIGGEST SLAM DUNK OF THE NOMINEES.

JESSIE BUCKLEY HAS WON EVERYTHING AND IS GOING TO WIN

THIS. THIS IS ONE WHERE I'M NOT A

GAMBLER BUT IF YOU WANTED TO BET MONEY THIS WILL BE THE ONE

TO BET MONEY ON. YOU MIGHT NOT GET A LOT BACK

WHEN YOU WIN. LISA: A LOT OF PEOPLE ARE BETTING

MONEY ON THIS. SIGN UP FOR HIS SCREEN TIME

NEWSLETTER. DAVID AND CHRISTINA. CHRISTINA:

WE KNOW YOU ARE ROOTING FOR "SINNERS" OVER THERE.

WE ARE COMING UP ON A 9:00 A.M. HOUR IN NEW YORK.

AHEAD, WE WILL SPEAK WITH DEMOCRATIC CONGRESSMAN ANNA

SMITH OF THE ARMED SERVICES COMMITTEE AS WELL AS REPUBLICAN

CONGRESSMAN MIKE LAWLER. BLOOMBERG THIS WEEKEND

CONTINUES RIGHT NOW.

>> TODAY ON "BLOOMBERG THIS WEEKEND"

-- PRESIDENT TRUMP TELLS NUMBERS IRAN IS READY FOR A

CEASE-FIRE, BUT HE’S NOT READY TO MAKE A DEAL.

AND WE’RE LEARNING THE NAMES OF THE SIX AMERICAN TROOPS KILLED

IN THE PLANE CRASH IN IRAQ. DAVID:

THE WHITE HOUSE IS CALLING ON OTHER COUNTRIES TO SECURE THE

STRAIT OF HORMUZ AS OIL PRICES CLIMB.

PRESIDENT TRUMP SAYS GAS PRICES WILL GO LOWER THAN THEY WERE

BEFORE THE WAR. CHRISTINA: UKRAINE SAYS IRAN IS USING

RUSSIA’S HELP TO TARGET AMERICANS.

>> I HAVE 100% FACTS THE DAY

THAT THE IRANIAN REGIME USED AGAINST AMERICAN BASES AND

AGAINST IN MIDDLE EAST. CHRISTINA:

PRESIDENT TRUMP SAYS HE DOESN’T NEED THEIR HELP.

WE’RE TALKING TO CONGRESSMAN FROM BOTH SIDES OF THE AISLE

ABOUT WHAT’S NEXT IN THE FIGHT.

DAVID: WELCOME TO "BLOOMBERG THIS

WEEKEND" LIFE FROM NEW YORK. I’M GESCHICKTER. CHRISTINA:

I’M CHRISTINA RUFFINI. HERE WE’RE WITH LISA MATEO.

IT IS SUNDAY, MARCH 15. IN THIS HOUR, WE WANT TO TALK

ABOUT SOME OF THE REACTION AT HOME, BECAUSE OBVIOUSLY ALL

POLITICS ARE LOCAL, ALWAYS EVEN IN GLOBAL CONFLICTS, AND

OPINION POLLS, PUBLIC PREPONDERANCE MATTERS -- PUBLIC

OPINION MATTERS IN THIS COUNTRY, ALTHOUGH IT DOES NOT

MATTER IN COUNTRIES LIKE IRAN. BUT HERE, LEADERS DO TRY TO

HOLD, LEADERS ARE HELD ACCOUNTABLE BY THE PUBLIC.

AND WE WANT TO TALK TO MEMBERS FROM BOTH PARTIES AS WE SEE THE

PRICES SPIKE AND WHETHER THEY UNDERSTAND WHAT THE OBJECTIVE

IS FOR THE U.S. IN IRAN. DAVID: THE LATEST DEVELOPMENT OUT OF

THE MIDDLE EAST, AND THERE’S BEEN MORE FIGHTING OVERNIGHT.

WE SAW PROMINENT OIL PORT IN THE U.A.E.

HIT BY A DRONE STRIKE.

WE SAW SAUDI ARABIA INTERCEPTING DRONES.

THIS CONFLICT CONTINUING TO WIDEN GEOGRAPHICALLY, EVEN AS

THE PRESIDENT RAISES THE SPECTER OF AN END GAME IN

CONVERSATION WITH NUMBERS. WE’LL SURELY TALK ABOUT THAT

WITH THE TWO CONGRESSMEN AS WELL.

LET’S CHECK THE HEADLINES WITH LISA MATEO. LISA:

LET’S START WITH PRESIDENT TRUMP.

HE SAYS THAT IRAN IS READY TO NEGOTIATE A DEAL, BUT HE’S NOT

READY TO MAKE A DEAL. AND THIS WAS AT A 30-MINUTE

PHONE INTERVIEW WITH NUMBERS, HE SAID TERMS ARE NOT FOOD

ENOUGH YET. HE DID NOT SAY WHAT THE TERMS

WERE. TRUMP DISMISSED CONCERNS ABOUT

RISING GAS PRICES AND ALSO QUESTIONED WHETHER IRAN’S NEW

SUPREME LEADER IS EVEN ALIVE. AT THE SAME TIME, THE PRESIDENT

RAMPING UP THE PRESSURE ON IRAN TO OPEN YOU KNOW THE STRAIT OF

HORMUZ, CALLING ON COUNTRIES TO SEND MORE COMMERCIAL VESSELS TO

PASS THROUGH SAFELY. THE PRESIDENT GAVE LITTLE

DETAIL BEYOND SAYING HE HOPED THAT CHINA, FRANCE, JAPAN,

SOUTH KOREA AND THE U.K. WOULD ALL PITCH IN.

AND IN ANOTHER POST, THE PRESIDENT ADDED THE U.S.

WILL HELP PROVIDE FOR THOSE NATIONS WHICH TAKE CARE OF THAT

PASSAGE. IRAN’S FOREIGN MINISTER RESPONDED THE STRAIT WAS ONLY

SHUT TO SHIP FROM ENEMIES. ABOUT A FIFTH OF THE WORLD’S

OIL SUPPLIES NORMALLY NOTICE THROUGH HORMUZ.

THIS ALL COMES AS PRESIDENT TRUMP ORDERED STRIKES ON

MILITARY SITES FROM WHICH IRAN EXPORTS ALMOST ALL OF ITS OIL,

ACCORDING TO NONGOVERNMENTAL ORGANIZATIONS, PEOPLE HAVE BEEN

KILLED ACROSS THE REGION SINCE THE WAR BEGAN FEBRUARY 28.

SPEAKING FROM BEIRUT, U.N. SECRETARY GENERAL ANTONIO

GUTIERREZ CALLED FOR AN IMMEDIATE END TO HOSTILITIES,

ALSO A STOP TO THE BOMBING IN REPUBLICAN LONE AND ROCKET FIRE

BY HEZBOLLAH.

>> WE ARE DOING EVERYTHING WE CAN NOW TO AN IMMEDIATE

DEESCALATION AND CESSATION OF THIS.

I’M ENGAGING AROUND THE BLOCK TO BRING THE PARTIES TO THE

TABLE. LISA: AND HAPPENING TODAY, U.S.

AND CHINA TRADE TALKS UNDERWAY IN PARIS, TAKING PARTED IN

NEGOTIATIONS, U.S. TREASURY SECRETARY SCOTT

BESSENT, U.S. TRADE REPRESENTATIVE, AND

CHINA’S VICE PREMIER, THEY’RE EXPECTED TO REVIEW THE LATEST

DEVELOPMENTS IN A TRUCE REACHED IN NOVEMBER, BUT ALSO TO TALK

ABOUT THE WAR IN IRAN AS WELL AS PURCHASES.

IT’S KIND OF OPENING THE CURTAIN TO WHAT LIES AHEAD AT

THE END OF THE MO AS PRESIDENT TRUMP HEADS TO CHINA. DAVID:

I MENTIONED THE INTERVIEW THAT PRESIDENT TRUMP DID WITH NBC

NEWS, HE SAID WE TOTALLY DEMOLISHED THE ISLAND OFF THE

COAST OF IRAN, SO IMPORTANT THAT THE COUNTRY’S OIL

INDUSTRY, BUT WE MAY HIT IT A FEW MORE TIMES JUST FOR FUN, HE

CONTINUED, AND TALKED ABOUT THE PROSPECTS OF BEING A DEAL

BETWEEN THE U.S. AND IRAN, SAYING THAT IRAN HAS

OFFERED ONE, BUT IT’S NOT ACCEPTABLE TO THE U.S. SIDE.

WE’RE GOING TO TALK ABOUT ALL OF THIS WITH TWO CONGRESSMEN,

FIRST, ADAM SMITH, THE RANKING MEMBER OF THE ARMED SERVICES

COMMITTEE. MIKE LAWLER WILL JOIN US.

CONGRESSMAN SMITH, GREAT TO HAVE YOU WITH US.

REPRESENTATIVE OF THE NINTH DISTRICT IN THE STATE OF

WASHINGTON. I WANT TO START WITH THAT

COMMENT THAT I JUST READ THAT PRESIDENT TRUMP MADE TO

NUMBERS, SAYING ON THE HEELS HITTING THE ISLAND, HE MIGHT DO

IT A FEW MORE TIMES JUST FOR FUN. I WONDER HOW THAT RESONATES

WITH YOU AS YOU THINK ABOUT WHAT THE END GAME IS HERE AND

WHAT YOU’VE LEARNED FROM THE ADMINISTRATION ON HOW THEY

INTEND TO PROSECUTE THIS WAR TO ITS CONCLUSION.

>> CERTAINLY, THE CAVALIER, NONSERIOUS WAY IN WHICH

PRESIDENT TRUMP, SECRETARY HEGSETH AND OTHERS HAVE TALKED

ABOUT THIS WAR, WE HAVE SECRETARY HEGSETH TALKING ABOUT

NO QUARTER, WHICH IS BASICALLY A MILITARY TERM FOR NO

SURVIVORS, KILL EVERYBODY. I THINK THAT ATTITUDE HAS

REALLY UNDERMINED OUR ABILITY TO BUILD SUPPORT.

IT’S FAR FROM THE LARGEST PROBLEM WITH THIS WAR.

I MEAN, THE LARGEST PROBLEM IS WHAT’S THE PLAN.

WHAT’S THE STRATEGY. WHAT ARE WE TRYING TO

ACCOMPLISH. WHAT’S THE PATH TO ACHIEVING IT.

AND HOW DO WE DEAL WITH THE COSTS THAT ARE MOUNTING BY THE

DAY, CERTAINLY IN TERMS OF DEATHS, BUT THE ECONOMIC IMPACT

YOU REFERENCED GLOBALLY. WHAT’S THE PATH HERE?

I KNOW WE WANT TO GRADE IRAN’S CAPABILITY MILITARILY, BUT HOW

MUCH? AND THEN THE REAL GOAL AT THE

START OF THE SEEMED TO BE TO FUNDAMENTALLY CHANGE IRAN’S

CALCULUS, TO MAKE THEM LESS HOSTILE TO US, TO ISRAEL, AND

TO THE REGION, AND THERE SEEMS TO BE NO PROGRESS ON THAT

ASPECT OF THE PLAN. SO THIS WAR IS CONTINUING TO

COST, INCREDIBLY HIGH, THE PRESIDENT DOESN’T SEEM TO HAVE

A PLAN. MEANWHILE, THEY WANT TO APPARENTLY TRY TO CONVINCE

AMERICA THAT THIS IS SOME KIND OF FUN VIDEO GAME WE’RE JUST

PLAYING EVEN AS PEOPLE ARE DYING ALL ACROSS THE REGION AND

THE GLOBAL ECONOMY IS SUFFERING FROM THIS.

SO, YEAH, I WISH THEY WERE A LITTLE MORE SERIOUS IN THE WAY

THEY EXPLAINED SUCH AN INCREDIBLY IMPORTANT ACTION

THAT THEY ARE TAKING. DAVID: I WANT TO GET TO WHAT YOU KNOW

ABOUT THE MISSION AND THE ADMINISTRATION’S SENSE OF THAT

MISSION. WE SAW THE NEWS THE ADMINISTRATION PLANS TO SEND

THE 31ST MARINE EXPEDITIONARY UNIT TO ADD TO THE PERSONNEL

THERE IN THE MIDDLE EAST. DO YOU HAVE A CLEAR UNDERSTANDING

OF WHAT THOSE MARINES ARE GOING TO DO, AND AS YOU WATCH THAT

UNFOLD, WHAT DOES IT TELL YOU ABOUT THE DIRECTION OF THIS

CONFLICT?

>> I HAVE A CLEAR UNDERSTANDING 69 OPTIONS.

WE’VE BEEN TALKING ABOUT THIS FOR A LONG TIME.

THERE IS NO DOUBT IRAN IS A MAJOR PROBLEM IN THE REGION AND

THE WORLD, A THREAT TO US, TO ISRAEL.

THEY SUPPORT A VARIETY OF DIFFERENT VIOLENT EXTREMIST

TERRORIST GROUPS. HOW DO YOU DEAL WITH THAT

THREAT? THE ARMED SERVICES COMMITTEE

FOR YEARS HAS BEEN LOOKING AT OPTIONS. WHAT CAN YOU DO?

WHAT’S MILITARILY ON THE TABLE? AND IT’S ALWAYS BEEN TWO BIG

PROBLEMS WITH THE MILITARY OPTION.

ONE, THE COLLATERAL DAMAGE. YOU HIT IRAN, IT SPREADS, AND

THAT CERTAINLY HAPPENED. IT SPREAD AS FAR AS ANYONE

WOULD HAVE FEARED. SECOND PROBLEM IS, CAN YOU

REALLY DEGRADE THEM MILITARILY TO SUCH A DEGREE THAT IT MAKES

THAT COST WORTH THE EFFORT? AND WHAT WE LEARNED IS REALLY

NOT, BECAUSE THE IRANIAN REGIME HAS DUG IN.

THEY ARE VERY, VERY SOLID. EVEN AS THEIR LEADERS HAVE BEEN

KILLED, THEY HAVE A SUCCESSION PLAN.

THERE’S 90 MILLION PEOPLE IN IRAN. THEY HAVE A MILITARY, NOT

INCLINED TO SIMPLY COLLAPSE, SO THE CONCLUSION WAS THE MILITARY

OPTION WOULDN’T ACCOMPLISH THOSE OBJECTIVES, WOULD BLOW UP

THE REGION, CAUSE ALL MANNER OF COLLATERAL DAMAGE AND

ESCALATION, AND WOULDN’T ULTIMATELY ACCOMPLISH THE

OBJECTIVE. TRUMP DECIDED TO WALK INTO THAT.

AND TO THINK THAT, A, WE CAN DEGRADE THEIR MILITARY

CAPABILITY TO SUCH A DEGREE THAT IT MAKES IT WORTH IT, BUT

IF THEY CAN JUST REBUILD IT, THAT’S THE MAIN PROBLEM WITH

THAT. AND THEN SECOND, HE SEEMED TO

JUST SORT OF PROCESS HIS FINGERS AND SAY, WELL, GOSH, IF

WE HIT THEM HARD ENOUGH, THEY’LL EITHER COLLAPSE OR THEY

WILL SIMPLY BE BROKEN ENOUGH TO DO WHAT WE WANT.

BUT THERE WAS NEVER A CLEAR PATH IN GETTING TO THAT CHANGE

IN BEHAVIOR BY IRAN. THAT’S THE PROBLEM, AND THAT’S

WHAT WE’RE EXPERIENCING RIGHT NOW.

AND I’D BE INTERESTED TO HEAR ANYONE WHO SUPPORTS THIS WAR

TELL ME WHAT THAT PATH IS AT THIS POINT TO FUNDAMENTALLY

BREAKING, CHANGING THE REGIME. I DON’T SEE IT.

DO YOU THINK THAT GOAL IS ACCOMPLISHABLE WITHOUT PUTTING

BOOTS ON THE GROUND? ONE OF THE EXPERTS SAID THIS

WEEK THERE ARE TWO WAYS TO GO ABOUT THIS.

YOU CAN DO A LONG BOMBING CAMPAIGN, BUT IT DOESN’T GIVE

YOU AS MUCH INPUT INTO WHAT’S ACTUALLY HAPPENING ON THE

GROUND AND COULD TAKE LONGER. OR YOU CAN SEND IN TROOPS, BUT

THEN AGAIN, YOU COULD GET MIRED IN ANOTHER FOREVER WAR.

>> YEAH, SORRY, THANK YOU. I DIDN’T DIRECTLY ANSWER THE

MOST IMPORTANT PART OF THAT PREVIOUS QUESTION.

WE’VE DONE THIS BOMBING CAMPAIGN, AND YOU WANT TO TRY

TO DO IT ON THE CHEAP, AND THAT’S WHAT A BOMBING CAMPAIGN

IS. NOW, WE’VE SEEN EVEN THE BOMBING CAMPAIGN CAUSES

VIOLENCE ACROSS THE REGION, BUT NOW YOU’RE UP AGAINST THAT

REALITY OF ACHIEVING THE OBJECTIVE, WHAT ABOUT GROUND

TROOPS? THE PROBLEM WITH GROUND TROOPS

IS YOU’RE GOING TO NEED A LOT TO DISLODGE THIS REGIME.

THERE ARE TALK ABOUT TACTICAL EFFORTS, SMALLER NUMBERS OF

TROOPS, AND THIS IS WHAT THE MARINES CAN DO.

ONE POSSIBLE IS YOU SEE THE ISLAND TO TRY TO CUT OFF THE

ECONOMIC LIFELINE FOR IRAN. COULD YOU SEIZE IT?

COULD YOU HOLD IT? THERE’S CONSIDERABLE QUESTIONS

ABOUT THAT. MAYBE A SMALL GROUP OF SPECIAL

FORCES CAN HELP SPARK A REVOLT WITHIN IRAN.

BUT AGAIN, THERE’S NO CLEAR PATH TO THAT. CHRISTINA:

WOULD YOU SUPPORT THAT? WOULD YOU SUPPORT U.S.

TROOPS GOING IN LIKE THAT?

>> HEAVENS NO. NO, SORRY, I DO NOT.

I DON’T THINK IT WOULD BE EFFECTIVE, IT WOULD COST MORE

LIVES, AND I DON’T THINK YOU’D BE ABLE TO DISLODGE ROUTINE,

AND THAT’S THE PROBLEM. LET ME BE CLEAR.

IF I WOKE UP TOMORROW AND THIS IRANIAN REGIME WAS GONE AND WE

HAD AN IRAN THAT WAS WORKING FOR THE IRANIAN PEOPLE AND

STOPPED ALL THE TERRIBLE STUFF THEY WERE DOING, I WOULD BE

VERY, VERY HAPPY. BUT THERE’S NO DIRECT PATH TO

DOING THAT. AND THE COST OF WHAT DONALD

TRUMP HAS DONE WITHOUT THINKING THAT THROUGH, WITHOUT HAVING A

PLAN TO ACHIEVE THE OBJECTIVE, SO NOW YOU CAN ACHIEVE THE

OBJECTIVE, AND YOU CAUSED AN ENORMOUS AMOUNT OF CASUALTIES,

DISRUPTION, AND ESCALATION, NOT JUST IN IRAN, BUT ACROSS THE

REGION AND THE WORLD. SO THAT’S THE PROBLEM I HAVE

WITH THIS APPROACH. DAVID: I WANT TO ASK YOU ABOUT THE

PATH FORWARD FOR LAWMAKERS LIKE YOURSELF WHO OPPOSE THE

MILITARY ACTION. WE SAW THE VOTE ON THE WAR

POWERS RESOLUTION FAILING BOTH HOUSES LAST WEEK.

HOW DO YOU PICK UP THE PIECES FROM THAT?

WHAT DOES OPPOSITION TO THIS WAR LOOK LIKE GOING FORWARD,

BOTH IN THE HOUSE AND SENATE AS YOU SEE IT?

>> WE NEED TO SPEAK OUT AGAINST IT, FOR THOSE AGAINST THE WAR,

GIVEN AN ARGUMENT FOR WHY TO DO IT. BUT I THINK FROM A PRACTICAL

STANDPOINT, MY GOAL IS TO STOP THE WAR, BECAUSE I THINK IT’S

BAD. IT’S BAD POLICY. THE ESCALATION IS INCREDIBLY

COSTLY. IT’S DEVASTATING TO OUR ECONOMY.

WE’VE SEEN GAS PRICES GO UP 50 CENTS TO A DOLLAR.

IT’S GOING TO CAUSE THE AFFORDABILITY CRISIS TO ONLY

GET WORSE IN THIS COUNTRY. I THINK THE MOST SENSIBLE PATH

TO THAT IS TRY TO ENCOURAGE THE TRUMP ADMINISTRATION, THE

SUPPORTERS OF THIS WAR, TO HOWEVER IMPLAUSIBLY DECLARE

VICTORY AND STOP. TRY TO BEGIN TO REBUILD PEACE.

THAT I THINK IS THE PLAUSIBLE ARGUMENT TO THE TRUMP

ADMINISTRATION, BUT THEN YOU HEAR TRUMP SAYING LET’S BOMB

THEM FOR FUN. YOU HEAR HEGSETH SAYING NO

QUARTERMENT YOU HEAR TRUMP SAYING THEY’RE WILLING TO

NEGOTIATE, BUT I’M NOT REALLY IN THE MOOD.

ALL OF THAT IS DEEP CAUSE FOR CONCERN.

BUT THE PLAN, IS OK, DECLARE VICTORY AND STOP.

IF THAT CAN STOP THE WAR, THEN I’M MORE THAN WILLING TO MAKE

THAT ARGUMENT. CHRISTINA: DO YOU HAVE ANY KIND OF READ ON

THE CONDITION OF THE NEW LEADER OF IRAN?

BECAUSE WE HAVE THIS STATEMENT FROM IRAN’S FOREIGN MINISTER

SAYING HE’S IN GOOD HEALTH AND FULLY MANAGING THE SITUATION.

BUT WE STILL HAVEN’T SEEN HIM. WHAT IS YOUR PERSPECTIVE, AND

WHAT IS YOU HEARING ABOUT WHETHER HE IS, IN FACT, EVEN A

PLAYER AT THIS POINT?

>> I HAVE NO IDEA. NOBODY KNOWS, ALL RIGHT?

SO THERE IS NO ANSWER TO THAT QUESTION.

I THINK THE THING, IS LET’S NOT GET TOO EXCITED ABOUT WHAT THE

ANSWER IS TO THAT ONE WAY OR THE OTHER.

EVEN IF HE IS, AS SOME HOST TOLD ME THE OTHER DAY, HE’S IN

A COMA AND MISSING A LIMB. HOW HE KNOWS THAT, I HAVE NO

IDEA. BUT LET’S SAY THE GUY IS COMPLETELY INCAPACITATED AND

DIES IN A WEEK. THE STATEMENT THAT WAS PUT OUT,

IF IT WASN’T PUT OUT BY HIM, IT WAS PUT OUT BY THE IRANIAN

REGIME, BY THE PEOPLE IN CHARGE OF IRAN.

SO THE BELLIGERENCE IN THAT STATEMENT, THE COMPLETE LACK OF

ACQUIESCENCE SHOWS WHETHER THIS GUY IS ALIVE OR NOT, THE PEOPLE

RUNNING IRAN ARE NO CLOSER TO

HAVING A REASONABLE GOVERNMENT THERE.

ARGUABLY THEY’RE FURTHER AWAY AND EVEN MORE DUG IN. DAVID:

LAST QUESTION IS ABOUT MONEY. BEFORE THIS WAR BEGAN, YOU HAD

A PENTAGON ASKING FOR AN EXTREMELY LARGE BUDGET, WHICH I

THINK WILL ESTABLISH A LOT OF PEOPLE. I IMAGINE SOME OF YOUR

CONSTITUENTS AS WELL. IS THIS ADMINISTRATION GOING TO

GET THAT FROM CONGRESS? WHAT’S YOUR ASSESSMENT OF THE

APPETITE TO INCREASE THE DEFENSE BUDGET TO THAT SIZE AND

SCALE?

>> YEAH, THAT’S A 50% INCREASE IN THE DEFENSE BUDGET.

THAT DOESN’T COUNTRY THE SUPPLEMENTAL THEY’RE TALKING

ABOUT ASKING FOR TO COVER THE COST OF THIS WAR, WHICH IS

GOING TO BE IN THE TENS OF BILLIONS OF DOLLARS.

NO, THAT’S NOT REALISTIC. LOOK, WE HAVE THE $38 BILLION

DEBT, AND IT’S VERY FRUSTRATING TO ME THAT EVERYONE TALKS ABOUT

THAT, AND THE REPUBLICANS, WHEN THEY CAME INTO THE MAJORITY IN

CONGRESS, THIS WAS A MAJOR ISSUE.

AND THEN THEY VOTED FOR THE RECONCILIATION BILL TO ADD $4

TRILLION TO THE DEBT, BY MASSIVELY CUTTING TAXES.

YOU’RE GOING TO MASSIVELY CUT TAXES AND START A WAR AND ASK

FOR A 50% INCREASE IN THE DEFENSE BUDGET?

I MEAN, I DON’T THINK WE NEED TO DO THAT, EVEN IF WE HADN’T

CUT THOSE TAXES. BUT MY GOD, HOW DO YOU STAND UP

IN FRONT OF THE AMERICAN PEOPLE AND SAY WE NEED A $1.5 TRILLION

DEFENSE BUDGET. WE HAD TO GO TO THIS WAR AND

SPEND THIS, BUT WE’RE NOT GOING TO PAY FOR IT.

WE’RE GOING TO CUT TAXES, WE’RE GOING TO DRIVE THE DEBT THROUGH

THE CEILING. YOU KNOW, I’M A LITTLE BIT

SPEECHLESS IN TERMS OF HOW DO YOU JUSTIFY THAT FROM AN

ECONOMIC STANDPOINT? I WOULDN’T HAVE CUT THE TAXES,

AND I WOULDN’T BE GOING TO WAR. BUT TO TRY TO DO BOTH IS JUST

INSANE, IN MY VIEW. DAVID: CONGRESSMAN ADAM SMITH, RANKING

MEMBER OF THE ARMED SERVICES COMMITTEE, THANK YOU VERY MUCH

FOR YOUR TIME ON THIS SUNDAY. CHRISTINA:

WE WANT TO GO TO THE OTHER SIDE OF THE AISLE AND THE COUNTRY

AND TALK TO CONGRESSMAN MIKE LAWLER, A REPUBLICAN FROM THE

GREAT STATE OF NEW YORK, AND HE SERVES ON THE FOREIGN AFFAIRS

COMMITTEE. THANK YOU SO MUCH FOR JOINING

THUS MORNING. FIRST OF ALL, I THINK YOU WERE

LISTENING WHEN YOUR DEMOCRATIC COLLEAGUE SAID HE WISHES THIS

ADMINISTRATION WAS A LITTLE MORE SERIOUS ABOUT ALL THIS.

DO YOU AGREE OR DISAGREE WITH THAT?

I WANT TO GIVE YOU A CHANCE TO REACT TO ANYTHING ELSE YOU

HEARD YOUR COLLEAGUE SAY.

>> I WISH MY DEMOCRATIC COLLEAGUES WERE MORE SERIOUS

ABOUT THIS. I MEAN, THE FACT IS 53 OF THEM

VOTED LAST WEEK NOT TO DECLARE IRAN THE GREATEST STATE SPONSOR

OF TERRORISM. SO I THINK MY COLLEAGUE SHOULD

BE A LITTLE MORE FOCUSED ON, FRANKLY, THE UNSERIOUSNESS OF

HIS OWN PARTY, AND FRANKLY, NOTHING HE SAID WAS ABSOLUTELY

OF SUBSTANCE. THE FACT IS THAT EVERYBODY

ACKNOWLEDGES, OTHER THAN THE 53 DEMOCRATS THAT VOTED NO, THAT

IRAN IS THE GREATEST STATE SPONSOR OF TERROR.

THEY HAVE BEEN THE GREATEST IMPEDIMENT TO PEACE AND

STABILITY IN THE MIDDLE EAST AND IN THE REGION.

WE SEE, WITH THEIR BELLIGERENT RESPONSE TO THIS CONFLICT,

WHERE THEY ARE STRIKING CIVILIAN SITES IN ARAB STATES,

NEIGHBORING THEM, THAT IRAN IS THE REAL THREAT HERE.

AND ULTIMATELY, AFTER MONTHS OF NEGOTIATION IN WHICH IRAN

REFUSED TO CEDE ANY GROUND WITH RESPECT TO ITS BALLISTIC

MISSILE PROGRAM AND ITS FINANCING OF TERRORISM,

PRESIDENT TRUMP MADE A DECISION

THAT EVERY PRESIDENT SAID THAT THEY WOULD, THAT THEY WOULD

ENSURE IRAN NEVER GOT A NUCLEAR WEAPON.

BETWEEN LAST SUMMER’S STRIKES AND THE DECISION TO TAKE

MILITARY ACTION HERE, PRESIDENT TRUMP IS ENSURING THAT IRAN

CANNOT HAVE A NUCLEAR WEAPON. THAT IS PARAMOUNT.

AND ALL OF MY DEMOCRATIC COLLEAGUES, INCLUDING ADAM

SMITH, JUST SAID, OH, I HOPE IT WORKS OUT.

I HOPE WE GET REGIME CHANGE. I HOPE, I HOPE, I HOPE.

WELL, HOPE IS NOT A STRATEGY. YOU ACTUALLY HAVE TO BE WILLING

TO TAKE ACTION, AND THAT IS THE FUNDAMENTAL PROBLEM AND WHY

BARACK OBAMA’S ATTEMPTS AT THIS AND JOE BIDEN’S ATTEMPTS AT

THIS HAVE FAILED SO MISERABLY, BECAUSE OPEN IS NOT A STRATEGY.

YOU ACTUALLY HAVE TO BE WILLING TO TAKE MILITARY ACTION IF YOU

ARE GOING TO IMPEDE THEIR ABILITY TO USE A NUCLEAR WEAPON.

THE PROBLEM HERE WAS VERY SIMPLE. IRAN WAS MASS PRODUCING

BALLISTIC MISSILES AT SUCH A RATE THAT IF WE DID NOT

INTERVENE, IF WE DID NOT STOP IT, THEY WOULD HAVE BEEN ABLE

TO DEVELOP A NUCLEAR BOMB AND UTILIZE IT IN SHORT TIME FRAME.

CHRISTINA: CONGRESSMAN, I VANITY SEEN ANY

EVIDENCE THAT SHOWS THAT BREAKOUT TIME WAS CLOSER OR

MORE URGENT THIS WEEK, THIS MONTH, THAN IT WAS LAST SUMMER,

WHEN THE ADMINISTRATION WENT AFTER THOSE NUCLEAR SITES.

DO YOU HAVE ANY INFORMATION THAT THEY DECIMATED NEWS SITES?

>> OK, WE HAVE HAD CLASSIFIED BRIEFS, AND I’M NOT GOING TO

GET INTO THE SPECIFICS OF THE CLASSIFIED BRIEFS.

BUT THE FACT IS THE ADMINISTRATION AND PRESIDENT

TRUMP TOOK DECISIVE ACTION LAST SUMMER, STRIKING THREE NUCLEAR

FACILITIES. AS EVERYBODY UNDERSTANDS, IRAN

HAS ENRICHED URANIUM THAT THEY ARE CURRENTLY STORING.

THEY WERE MASS PRODUCING MISSILES AT AN ALARMING RATE

THAT WOULD ACTUALLY PROTECT THEIR ABILITY TO DEVELOP THAT

BOMB. HAD WE WAITED, HAD WE ALLOWED

THIS TO CONTINUE IN PERPETUITY, IT WOULD BE ALMOST IMPOSSIBLE

FOR US TO TAKE THE NECESSARY STEPS TO PREVENT THEM FROM

GETTING A NUCLEAR WEAPON. SO THERE WAS A DECISION THAT

WAS MADE, AND I SUPPORT WHAT THE PRESIDENT DECIDED IN THIS

MOMENT TO END THE THREAT OF A NUCLEAR IRAN.

AND FOR MANY OF MY COLLEAGUES ON THE DEMOCRATIC SIDE, THE

PROBLEM WITH THEM IS, THEY’RE INCONSISTENT ON EVERYTHING.

ADAM SMITH WAS IN SUPPORT OF EFFORTS IN LIBYA TO REMOVE

MOAMMAR GADDAFI. ADAM SMITH WAS SUPPORTIVE OF

BARACK OBAMA’S SEVEN-MONTH BOMBING OF LIBYA.

DIDN’T SAY BOO ABOUT IT. SO THE PROBLEM IS MANY OF MY

DEMOCRATIC COLLEAGUES CARE MORE ABOUT THE FACT THAT DONALD

TRUMP IS PRESIDENT AND IT’S DONALD TRUMP MAKING THESE

DECISIONS THAN THEY DO PREVENTING IRAN FROM GETTING A

NUCLEAR WEAPON, AND THAT’S THE FUNDAMENTAL PROBLEM. DAVID:

YOU SAID JUST A MOMENT AGO THAT HOPE IS NOT A STRATEGY.

I’M GOING TO QUOTE FROM SOMETHING THE PRESIDENT SAID TO

NUMBERS YESTERDAY, "HOPEFULLY CHINA, FRANCE, JAPAN, SOUTH

KOREA, AND THE U.K. AND OTHERS THAT ARE AFFECTED BY

THIS ARTIFICIAL CONSTRAINT WILL SEND SHIPS TO THE AREA SO THE

STRAIT OF HORMUZ WILL NO LONGER BE A THREAT BY A NATION THAT’S

BEEN TOTALLY DECAPITATED." IT DOES SEEM LIKE HOPE IS THE

STRATEGY OF THE PRESIDENT IF WE LOOK AT THAT.

EXPLAIN HOW DIFFERENT THAT IS.

>> THE PRESIDENT IS IN TOUCH WITH THESE NATIONS.

REMEMBER, CHINA IS THE GREATEST PURCHASER OF IRANIAN PETROLEUM.

DAVID: AND YET WHERE ARE THEY? THE STRAIT REMAINS CLOSED.

>> ALLOW ME TO FINISH, LET ME ACTUALLY SPEAK, THANKS.

SO THE FACT IS CHINA IS THE GREATEST PURCHASER OF URANIUM

PETROLEUM. THEY BENEFIT MOST FROM THE

STRAIT OF HORMUZ BEING OPEN. SO YEAH, IT’S IN CHINA’S

INTEREST. IT’S IN SOME OF OUR EUROPEAN ALLIES’ INTEREST FOR

THE STRAIT OF HORMUZ TO BE OPENED.

REMEMBER, WE DON’T GET OIL FROM IRAN.

WE HAVE CRIPPLING SANCTIONS ON IRANIAN PETROLEUM.

IRAN’S ILLICIT OIL TRADE IS WHAT HAS FUNDED THEM AROUND THE

GLOBE. LAST YEAR, LAST CONGRESS, I

PASSED THE SHIP ACT, ALONGSIDE SECRETARY RUBIO WHEN HE WAS IN

THE SENATE, TO CRACK DOWN ON THE ILLICIT OIL TRADE.

OBVIOUSLY WE WANT THE STRAIT OF HORMUZ TO BE OPEN.

THAT IS WHY THE PRESIDENT HAS TAKEN AGGRESSIVE ACTION AGAINST

IRAN’S NAVAL FLEET, OBLITERATING IT, AS WELL AS

GOING AFTER THEIR MILITARY CAPACITY AND CAPABILITY ON THE

ISLAND. WE ARE TAKING NECESSARY MEASURES TO PUSH BACK AND THEIR

EFFORTS TO BLOCK THE STRAIT OF HORMUZ.

BUT IT IS ALSO INCUMBENT ON SOME OF OUR ALLIES AND

ADVERSARIES, MANY OF WHOM BENEFIT FROM TRADE COME THROUGH

THE STRAIT OF HORMUZ TO ENGAGE, AND I THINK THE PRESIDENT IS

NOT ONLY ENGAGED IN THAT CONVERSATION, BUT IS MAKING THE

POINT THAT IT IS IN THEIR BEST INTEREST AS WELL TO ENGAGE ON

THIS MATTER. CHRISTINA: I WANT TO ASK YOU ABOUT THE

COST OF THIS CONFLICT, NOT JUST THE FINANCIAL COST, BUT ALSO

THE HUMAN TOLL. THERE HAVE BEEN A LOT OF LOSS

OF LIFE, INCLUDING AMERICAN SOLDIERS.

ONE OF THEM IS FROM YOUR DISTRICT.

THERE’S A NYPD OFFICER WHO DIED IN KUWAIT SUPPORTING THIS

OPERATION. WHAT ARE YOU HEARING FROM YOUR

CONSTITUENTS? HAVE YOU SPOKEN TO THIS FAMILY?

AND ARE PEOPLE CONCERNED THAT AS THIS GOES ON, EVEN IF THEY

SUPPORT THE PRESIDENT, EVEN IF THEY SUPPORT THE OBJECTIVE,

THEY MAY NOT BE WILLING TO COMMIT MORE AMERICAN LIVES TO

THIS OPERATION?

>> WELL, ANY TIME WE HAVE MILITARY ENGAGEMENT, THE LOSS

OF LIFE IS TRAGIC. THE LOSS OF OUR MEN AND WOMEN

IN OUR ARMED FORCES IS TRAGIC, AND OUR HEART BREAKS FOR THEIR

FAMILIES. I HAVE SPOKEN TO HIS WIDOW, AND

WE WILL CERTAINLY BE DOING EVERYTHING IN OUR POWER TO

SUPPORT THE FAMILY. THERE IS A GOFUNDME THAT HAS

ALREADY RAISED WELL OVER $100,000 TO SUPPORT THIS

FAMILY, INCLUDING $100,000 DONATION BY BILL ACKMAN, AND I

THANK HIM FOR THAT IN SUPPORT OF THIS FAMILY.

BUT THIS IS OBVIOUSLY ALWAYS A

VERY DIFFICULT TIME, ANY TIME YOU HAVE THE LOSS OF OUR SEALED

YEARS. WE SAW THE REFUELING AIRPLANE

THE OTHER DAY GO DOWN AND SIX SOLDIERS LOST IN THAT.

IT’S TRAGIC. AND CERTAINLY THAT IS SOMETHING

THAT THE MILITARY DOES EVERYTHING IN THEIR POWER TO

GUARD AGAINST AND PREVENT THE LOSS OF LIFE.

BUT THIS IS CERTAINLY A CONFLICT IN WHICH WE ARE TRYING

TO STOP EVIL. WE ARE TRYING TO PREVENT A

NUCLEAR WEAPON FROM BEING USED IN THE MIDDLE EAST OR AROUND

THE GLOBE AND CAUSE MASS CASUALTY.

YOU SEE HOW IRAN HAS RESPONDED, BELLIGERENTLY STRIKING CIVILIAN

TARGETS IN NEIGHBORING ARAB STATES.

THEY LAUNCHED HUNDREDS OF MISSILES AT ISRAEL LAST YEAR

AND THE YEAR BEFORE. THE FACT IS THIS REGIME NEEDS

TO BE DEFEATED, AND PRESIDENT TRUMP AND OUR ARMED FORCES ARE

MAKING A NECESSARY NECESSARY DIFFICULT, BUT NECESSARY

DECISION TO TAKE OUT THE THREAT. DAVID:

I WANT TO ASK YOU LASTLY, YOU SAID YOU SIT ON THE FOREIGN

AFFAIRS COMMITTEE, BUT YOU’RE 09 FINANCIAL SERVICES COMMITTEE

AS WELL. WE HAD THIS NEWS FRIDAY THAT A

JUDGE STRUCK DOWN WHAT THE U.S. ATTORNEY IN D.C.

HOPED TO DO, WHICH IS ISSUE SUBPOENAS, GET INFORMATION FROM

FED CHAIR JEROME POWELL, VIS-A-VIS HIS CHAIRMANSHIP.

WE HEARD FROM TOM THEY WILL US, WHO THREATENED TO WITHHOLD FED

NOMINATIONS AS A RESULT OF THAT INVESTIGATION, THAT HE

CONTINUES TO DO SO IN LIGHT OF WHAT’S HAPPENED HERE.

DO YOU THINK IT’S IN OUR COUNTRY’S INTEREST FOR THESE

INVESTIGATIONS TO CONTINUE IF IT HOLDS UP KEVIN WARSH BEING

THE NEXT FED CHAIR?

>> I’D LIKE TO SEE KEVIN WARSH CONFIRMED EXPEDITIOUSLY.

I THINK IT’S IMPERATIVE THAT HE COME IN AS CHAIRMAN.

JEROME POWELL WILL STILL BE ON THE FED BOARD.

BUT FROM MY VANTAGE POINT, I DON’T THINK THIS IS THE BEST

USE OF TIME AND RESOURCES. I’VE SAID THAT PREVIOUSLY.

SHOULD THERE BE AN INVESTIGATION INTO HOW THE

REBUILDING OF THE FEDERAL BUILDING WENT OVER BUDGET,

SURE, AND THEY SHOULD GET TO THE BOTTOM OF THAT AND HAVE A

FULL UNDERSTANDING OF THAT. BUT I DON’T THINK THAT AT THIS

MOMENT REQUIRES A CRIMINAL INVESTIGATION OF CHAIRMAN

POWELL, AND I THINK, FRANKLY, WE NEED TO MOVE FORWARD WITH A

NEW FED CHAIR. CHRISTINA: CONGRESSMAN MIKE LAWLER, THANK

YOU SO MUCH FOR JOINING US. A MUTUAL FRIEND TELL ME YOU’RE

A BIG OSCAR FAN, SO I HOPE YOU GET A CHANCE TO RELAX AND WATCH

THAT TONIGHT. MAYBE WE CAN HAVE YOU BACK AND

TALK ABOUT YOUR PICKS.

>> I ASSURE YOU, I WILL NOT BE WATCHING IT TONIGHT. CHRISTINA:

SORRY ABOUT THE AUDIO THERE. ALL RIGHT, CONGRESSMAN, I WILL

REPORT BACK. AND I WILL OUT HIM TO YOU ON A

SEPARATE CHAIN. THANK YOU SO MUCH. DAVID:

WE’LL TALK MORE ABOUT THE CONVERSATION WE’VE JUST BEEN

HAVING WITH A SENIOR POLITICAL CORRESPONDENT FOR "TIME"

MAGAZINE. AND MCKAY, LET ME START WITH

YOU. I THINK WHAT WE’RE SEEING THERE

IN STARK RELIEF IN THE CONVERSATIONS THAT WE HAD WITH

THOSE TWO REPUBLICANS IS THE APPETITE FOR THIS WAR.

I’M CURIOUS HOW YOU’RE FRAMING THAT OR THINKING ABOUT THAT AS

WE ENTER THE THIRD WEEK OF THIS CONFLICT.

WE SEE IN PUBLIC OPINION POLLS, THE POPULARITY OF THIS WAR.

HOW DO YOU SEE IT FRAMING OR FOCUSING POLITICIANS’

ATTENTIONS HEADING INTO THE MIDTERMS?

>> PRESIDENT TRUMP’S REPUBLICAN ALLIES ARE AT A DISADVANTAGE

HERE, BECAUSE IN PART THE ADMINISTRATION HAS BEEN SO

UNCLEAR ABOUT WHAT ITS OBJECTIVES ARE, RIGHT?

MESSAGING FROM THE VERY BEGINNING THAT STARTED WITH

PRESIDENT TRUMP GIVING A SERIES OF ONE-ON-ONE INTERVIEWS TO

REPORTERS IN THE IMMEDIATE AFTERMATH OF THE STRIKES IN

IRAN SAYING DIFFERENT AND CONTRADICTORY THINGS.

WHAT’S HAPPENED OVER AND OVER AGAIN IS THE ADMINISTRATION HAS

LAID OUT DIFFERENT IDEAS FOR HOW THIS IS GOING TO GO, FOR

HOW LONG IT WILL LAST, FOR WHAT THEY HOPE TO ACCOMPLISH.

THE BIGGER ISSUE IS DONALD TRUMP, IN LAUNCHING THESE

STRIKES, WENT AGAINST ONE OF THE CORE ARTICLES OF FAITH OF

THE MAGA MOVEMENT, RIGHT? ONE OF HIS KEENEST POLITICAL

INSIGHTS WHEN HE FIRST STARTED RUNNING FOR PRESIDENT WAS THAT

AMERICA WAS EXHAUSTED BY WAR, THAT THERE WAS SPACE IN THE

REPUBLICAN PARTY FOR AN ANTI-WAR, ANTI-INTERVENTIONIST

PRESIDENT, AND THAT’S HOW HE WON THE REPUBLICAN PRIMARY,

IT’S HOW HE WON FOR PRESIDENT ALL THREE TIMES, AND IN GOING

INTO IRAN THE WAY HE HAS AND IN LEAVING IT OPEN ENDED IN TERMS

OF HOW LONG THE STRIKES WILL LAST, HOW LONG THE CONFLICT

WILL LAST, IT REALLY DOES CREATE A LOT OF DISSIDENCE FOR

REPUBLICANS WHO HAD GOTTEN ON BOARD WITH THAT MESSAGE, NOW

TRYING TO EXPLAIN WHY THIS CONFLICT IS OK IN KEEPING WITH

HIS BROAD INTERVENTIONIST MESSAGE. CHRISTINA:

ERIC, THERE’S BEEN SOME CHAT THEY ARE WEEK ABOUT WHO HAS THE

PRESIDENT’S CELL PHONE NUMBER AND WHO DOES NOT.

BUT YOU DO HAVE A RECENT INTERVIEW WITH THE PRESIDENT IN

YOUR PIECE FROM THE FIFTH IN WHICH YOU SAY ASK WHETHER

AMERICANS SHOULD BE WORRIED ABOUT RETALIATORY ATTACKS AT

HOME, BUT I THINK THEY’RE WORRIED ABOUT THAT ALL THE TIME.

WE THINK ABOUT IT ALL THE TIME. WE PLAN FOR IT, BUT YEAH, WE

EXPECT SOME THINGS, LIKE I SAID, SOME PEOPLE WILL DIE.

WHEN YOU GO TO WAR, SOME PEOPLE WILL DIE.

DO YOU THINK THAT’S AN OUTCOME, EVEN THOUGH THE PRESIDENT AND

THE WHITE HOUSE MAY BE OK WITH IT, THE AMERICAN PEOPLE CAN

REALLY GET THEIR HEADS AROUND?

>> NO, I DON’T. I THINK THAT’S THE NUMBER ONE

OBLIGATION OF A PRESIDENT, OF A COMMANDER IN CHIEF TO KEEP THE

AMERICAN PEOPLE SAFE. OBVIOUSLY AN ATTACK ON THE

HOMELAND WOULD BE DEEPLY UNNERVING TO THE AMERICAN

PUBLIC. I THINK ONE THING, MY TAKEAWAY