Great Bloomberg Investigates micro-doc from a few years ago via @bbgoriginals explaining the extent Russia's shadow fleet and how it successfully operates: https://t.co/4PgpyMvey6
Russia's war machine depends on a vast shadow fleet to move sanctioned oil. The UK has now sanctioned nearly 600 vessels linked to the network, which transports roughly 75% of Russia's sanctioned oil exports.
British forces boarded a sanctioned oil tanker in the English Channel early on Sunday, the first UK-led operation of its kind targeting Russia’s so-called shadow fleet https://t.co/RQ4n8BiJZC
Industrials hitting a record as a US-Iran peace deal dropped oil prices and reignited risk appetite. Airlines, manufacturers and AI infrastructure stocks leading the charge.
6 days in the Mideast:
Sun-Mon: Iran & Israel exchange missiles
Tue-Wed: Iran & the US trade attacks
Thu early: Trump threatens to hit Iran very hard
Thu late: Trump cancels strikes & says deal is close
Fri: Oil is at $86, its lowest since the 1st week of the war
U.S.-Iran negotiations moving at a glacier pace, with messages taking days to move between the two sides and American proposals winding through a maze of diplomatic intermediaries before reaching Tehran.
Asked by Bloomberg's @kaileyleinz about Trump's Iran policy, GOP @SenToddYoung said Congress needs to reclaim its oversight role before any major military commitment. He said he would've pressed for answers on issues like the Strait of Hormuz and other potential consequences.
Not to be a pitchman for Aaron Sorkin and media literacy, but the whole point of that scene was that President Bartlett was wrong and acting irresponsibly.
Legislative Affairs teams for the Air Force, Marines, and Navy will be quite busy this approps season - they're also some of the brightest people I've interacted with on Capitol Hill.
We break on F-35--just in:
(Bloomberg) -- The Air Force, Navy and Marine Corps need to spend an additional $13.7 billion through 2031 to boost declining readiness rates of the F-35 jet, the world’s biggest weapons program, the Pentagon told congressional auditors.
Oil strategists keep raising alarms over shrinking oil reserves. Carlyle's Jeff Currie: "It is robbing Peter to pay Paul -liquidating the buffer built over decades to suppress the very price signal that would trigger the investment response the mkt needs" https://t.co/tXF2pWyUo6
FDIC Chairman Travis Hill tells Bloomberg’s @kaileyleinz the agency is pursuing changes to streamline merger reviews and accelerate bank M&A transactions, while also looking to spur more de novo bank formation and new entrants into the banking sector.
How many times has Trump claimed an Iran deal is around the corner? At least 38, by @CNN’s count. I asked @DEsfandiary whether that’s because of genuine progress in negotiations or to send a message to the markets:
The 24-foot Corsair autonomous surface vessel, built by @Saronic and operated by @USNavy Task Force 59, helped rescue two downed AH-64 Apache crew members off Oman, per @CENTCOM — the first known real-world rescue involving an unmanned vehicle. https://t.co/tlOdOhRIHa
Bloomberg Intelligence sees generative AI reaching a $2.3 trillion market by 2032. Some forecasts put @SpaceX AI revenue at $755 billion by 2031, implying roughly 34% market share for a single company. That's quite a bet.
Full BI outlook on @TheTerminal via {BI <GO>}
The Space (ETF) Race is for real folks. There's gonna be like two dozen on the market when all is said and done. The ticker game in this category is A+ too eg $UFO, $NASA, $WARP, $LOFF, $ROKT, $MARS, $DIPR and $JEDI (if we count drone and modern defense). Even BlackRock jumping in. Reminds me of bitcoin 2yrs ago (but on much smaller scale obv)
(Bloomberg) -- Traders are aggressively building short-selling positions in US stocks, while bullish wagers on the tech sector remain stretched, putting the market at risk, according to Citigroup Inc. strategists.
A US Army Apache helicopter went down near the Strait of Hormuz and it wasn’t clear if the aircraft suffered mechanical troubles or had been shot down by Iran, the New York Times reported.
Asked about the episode by @jendlouhyhc, Trump said the pilots were fine and that a report would be released later Tuesday.