Bloomberg Daybreak: US Edition

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) Houthi militants targeted airports across Saudi Arabia, killing at least 14 people and wounding hundreds in two separate incidents at King Khalid International Airport in Riyadh. The Saudi-led military coalition intercepted missiles and drones aimed at the kingdom overnight, including areas that are home to some of Saudi Arabia’s key oil and gas facilities, and vowed a “decisive” response. Energy Minister Prince Abdulaziz bin Salman said the kingdom remained committed to providing energy security, stating “There is no way that somebody will break our back. We are like a phoenix. We come out of the ashes all the time and every time.”

2) A federal judge in New York ordered the Trump administration to stop running taxpayer-funded television ads and to halt any payments of public money related to airing them. The judge wrote that the challengers had shown they’d suffer “irreparable harm” without immediate court action and that a temporary halt “serves the public interest." The challengers accused the White House of violating a congressional prohibition against using taxpayer dollars for unapproved “publicity and propaganda."

3) Ukraine will continue to respond with long-range strikes against Russia unless Moscow agrees to an energy ceasefire that still hasn’t happened, President Volodymyr Zelenskyy said on Monday.Speaking via a video link at Warsaw Security Conference, the president said he learned from the media about the truce announced by US President Trump on the Truth Social platform on Sunday. Since then, Ukrainian energy infrastructure has continued to be hit by Moscow’s air strikes, according to Zelenskyy. Russian President Vladimir Putin doesn’t read Truth Social,” the Ukrainian president said. “If Russia doesn’t agree to energy ceasefire - we will respond.”
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It’s not just Levittown. The website hosting the doctored photos is the nexus of campaigns to harass women across the world. A victim in New Zealand helps to spark a global battle against the site and its elusive owner.
For official transcripts and additional information on this series, go to bloomberg.com/levittown
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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI and PPI data, along with U.S bank earnings.
In the UK – a look ahead to European leaders meeting in Brussels.
In Asia – a look ahead to Japan's Sports Day.
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said the US would “not be attacking Iran” before November’s midterm elections, citing “productive discussions” with the Islamic Republic. Trump's comments came despite Iran escalating attacks on tankers in the Strait of Hormuz and Tehran-backed militants in Yemen attacking energy facilities in Saudi Arabia. The president said a US naval blockade of Iranian exports would remain in place, and he has suggested Iran was waiting to see how his Republican Party would do during the midterms.
2) Hurricane Isaias is bearing down on the US Gulf coast. Offshore US oil production is plummeting as Hurricane Isaias pushes toward a coastline dotted with refineries and chemical plants. More than 3 million people reside in the projected path of Isaias, which reached Category 2 strength on the five-step Saffir-Simpson scale Thursday. Roughly 63% of US Gulf of Mexico crude output has been shut in, while 500,000 barrels a day of refining capacity is threatened.
3) OpenAI is expecting to reach or exceed $70 billion in annualized revenue by the end of the year, driven largely by growth in its enterprise business. The company's annualized revenue was roughly $50 billion at the end of September, which represents a projection of OpenAI's yearly sales based on a shorter period. OpenAI is in talks to raise $30 billion or more at a $1.4 trillion valuation before the new money as part of its latest fundraising effort.
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Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) Oil climbed after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections. Freight rates are surging, with shipping oil from the Middle East to China costing $1.4 million a day, the most on record. Producers in the Gulf of Mexico shut in more than 510,000 barrels a day of crude output in response to Hurricane Isaias forming in the US Gulf.
2) President Trump defended his immigration policies during a visit to Texas as he sought to boost struggling GOP Senate candidate Ken Paxton ahead of November’s midterm elections. Trump’s defense of his immigration policies comes as Republicans are seeking to shore up their standing with Hispanic voters, whose support for the president has slid in recent polls due to concerns over the economy and affordability issues. Paxton is in a close race with Democratic candidate James Talarico, with recent polls showing Talarico with a narrow advantage, leaving Democrats cautiously hopeful in what has been a reliably red state.
3) Hurricane Isaias has formed in the US Gulf, with top sustained winds of 75 miles per hour, and is tracking toward the coast. Offshore producers have shut in roughly 25% of crude output and 16% of natural gas production, and workers at eight platforms and two rigs have been evacuated. Forecasters are increasingly confident that the hurricane will land east of major energy assets off the coast of Louisiana and Texas around late Friday or early Saturday.
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