TRUMP: ‘IRAN WILL HAVE TO PAY THE PRICE’: Over a period of about four hours, beginning at 5 p.m. Washington time, U.S. warplanes bombed Iranian air defenses, ground-control stations, and surveillance radar sites near the Strait of Hormuz in response to Monday’s downing of a U.S. Apache attack helicopter, in which two Army pilots were […]
The US and Iran exchanged strikes overnight after President Donald Trump retaliated against Tehran for shooting down an American Apache helicopter which was patrolling the Strait of Hormuz. Bloomberg's Abeer Abu Omar reports. (Source: Bloomberg)
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. US forces carried out strikes against Iran hours after President Donald Trump blamed Tehran for shooting down an American military helicopter off the coast of Oman. Iran’s joint military command said it had targeted “several US bases in the region.” Stocks resumed their slide as technology shares remained under pressure and investors trimmed positions ahead of a key inflation reading in the US. Gold dropped. And Anthropic is widely releasing a version of Mythos that will be blocked from carrying out cybersecurity tasks, months after warning that the powerful artificial intelligence model could spot and exploit vulnerabilities in critical software. Today's guests: Pilar Gomez-Bravo, MFS Investment Management, Co-CIO of Fixed Income; Julian Salisbury, Co-CIO, Sixth Street. (Source: Bloomberg)
The U.S. and Iran have exchanged strikes after a helicopter was downed Monday near the Strait of Hormuz. And, House Republicans have passed a bill to fund ICE and Border Patrol through Trump's term.
The US and Iran exchanged strikes overnight after President Donald Trump retaliated against Tehran for shooting down an American Apache helicopter.
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President Donald Trump's administration is moving to respond after Iran downed a U.S. Army Apache helicopter, with the official X account for the U.S. Central Command proclaiming that they "began launching self-defense strikes against Iran at 5 p.m. ET today at the Commander in Chief’s direction," as "a proportional response to unjustified Iranian aggression."But the use of the word "proportional" infuriated a number of right-wing war hawks who believe the U.S. shouldn't just settle for "proportional" — and they made themselves heard loud and clear on social media."As President Trump once said, if you take an ounce of American blood, he will take a gallon of yours," wrote former George W. Bush White House Press Secretary Ari Fleischer. "If they shoot down one helicopter, the response should not be 'proportional'. It should be so overwhelming that they never shoot at another American helicopter again.""'Defensive strikes,' but not a 'response.' Weak [expletive]," wrote Jennifer Sloan Rachmuth, a former Republican campaign manager in North Carolina who was once arrested for following around a woman in Palestinian headdress."Proportional is unacceptable. We need to finish them!" wrote right-wing commentator Marc Thiessen."Hopefully we used a proportional nuke," wrote podcaster Matt Tardio."'Proportional.' Overwhelming response preferred," wrote NewsNation's Katie Pavlich.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Retired Rear Admiral Mark Montgomery, Senior Fellow at the Foundation for Defense of Democracies, says any US response after President Trump said Iran shot down an American Apache helicopter near the Strait of Hormuz should target military sites tied to the attack and avoid economic targets that could escalate the conflict. Federal Deposit Insurance Corporation Chairman Travis Hill says he "fully" disagrees with Federal Reserve Governor Michael Barr's warning that recent regulatory changes could weaken bank safety and soundness, arguing regulators are trying to focus examiners on material financial risks while keeping the banking system balanced and resilient. (Source: Bloomberg)