Bloomberg This Weekend

Trump Eyes Iran Deal, But Tehran Still Reviewing; Knicks Win The NBA Finals

US President Donald Trump said an interim deal to reopen the Strait of Hormuz and end the conflict with Iran would be signed on Sunday, a claim contradicted by Iran as the two sides still differ over key points, including management of the waterway and payments to the Islamic Republic. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” Trump said in a social media post on Saturday, while claiming that Iran “no longer wants a Nuclear weapon.” Pakistan, which has served as a mediator, is preparing for an electronic signing of the peace deal, “followed by technical-level talks next week,” Pakistani Prime Minister Shehbaz Sharif said. Those talks would last up to 60 days and focus on Iran’s nuclear program. Plus, the New York Knicks ended one of the longest championship droughts in the NBA, bringing relief to their long-suffering fans. Jalen Brunson, who was named the Finals MVP after the game, scored 45 points to power New York to victory over San Antonio. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Representative Johnny Olszewski, (D) Maryland, on the latest with the US-Iran peace deal, as well as his idea for Supreme Court term limits. - Josh Wingrove, Bloomberg News Senior White House Reporter, on the potential US-Iran peace deal ahead of President Trump’s arrival in Geneva ahead of the G7 Summit.  - Bloomberg Business of Sports Reporter Vanessa Perdomo and Sportico Deputy Editor Eben Novey-Williams, on the Knicks first NBA title in 53 years and what’s next for the team. - Chris Rovzar, Bloomberg Pursuits, Global Luxury Editor on choosing the perfect Father’s Day gift to match your pop’s personality.  - Nicholas Kristof, New York Times Opinion Columnist on the “Save Our Bacon” bill as well as foreign influence in American policy. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Why Musk Raced to Take SpaceX Public in the World's Biggest IPO

Elon Musk and his executives had one overarching message for the army of people working on the SpaceX initial public offering over the past six months: Faster, move faster.  As the gigantic space exploration startup barreled toward a public listing after 24 years as a private company, the urgency was apparent. The acquisition of a $250 billion artificial intelligence company in the middle of the process? Don’t let it slow you down. Why have everyone wait late into the evening for the final terms? Instead, close the deal during market hours. The rush was driven by a canny strategy: go public before the US midterm elections, with a — mostly — pro-Musk president in charge; beat OpenAI and Anthropic to market to get in early on investors’ appetite for AI-focused listings; and become a public company before Musk’s 55th birthday at the end of June.    The race culminated on Friday, when Space Exploration Technologies Corp. started trading on the Nasdaq after pricing the biggest IPO in history. The company raised $75 billion and made Musk the world’s first trillionaire. Shares climbed as much as 31% in their debut before closing at $160.95, giving SpaceX a fully diluted market value of $2.2 trillion. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:  - Bloomberg Tech Host Ed Ludlow on Elon Musk becoming the world’s first trillionaire after SpaceX’s record IPO debut.  - Eric Martin, Bloomberg News State Department Reporter, alongside Bloomberg News Jerusalem Reporter, Dan Williams, on Pakistani Prime Minister Shehbaz Sharif expecting that a US-Iran peace deal will be finalized within 24 hours. - Swarovski CEO Alexis Nasard on the company’s new “pop luxury” rebrand as well as their turn towards profitability. Plus, David, Christina, and Lisa Mateo play Pointed: The News Quiz for Risk Takers For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

SpaceX IPO, Airline CEOs at IATA

Elon Musk's SpaceX is set to deliver the biggest ever IPO, more than doubling the size of Saudi Aramco’s $29.4 billion listing in 2019. The company is offering about 555.6 million shares at $135 each in a deal that could value it at roughly $1.8 trillion. The stock will make its debut on the NASDAQ on Friday. Plus, the International Air Transport Association's Annual General Meeting. United Airlines CEO Scott Kirby said affluent travelers continue to spend on air travel despite a sharp rise in fares. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Ed Ludlow, Co-Host of Bloomberg Tech, Bailey Lipschultz, Bloomberg News Senior Equities Reporter, and George Ferguson, Bloomberg Intelligence Senior Aerospace & Defense Analyst, on SpaceX's record-shattering IPO set to launch on Friday. - United Airlines CEO Scott Kirby from the IATA Summit, on the state of air travel and mergers. - Abby Livingston, Puck News Washington Reporter, and Ashley Konig, Director of the Eagleton Center for Public Interest Polling, on Graham Platner's Senate race in Maine, the Los Angeles mayoral race, and President Trump's recent comments on affordability. Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW.  For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Trump to Consider Government Stakes in AI Companies; Knicks Win

President Donald Trump expressed interest in the US government holding equity stakes in leading artificial intelligence developers, saying that he planned to discuss the idea of a partnership with AI companies’ executives as soon as next week. Trump said he had already spoken to the companies about the idea, though he offered no specifics on those conversations. In his remarks, he addressed news reports that the administration would put the stock into a government-run wealth fund that would redistribute some of the financial windfall to the public and signaled his openness to that idea. President Trump also said he will attend the NBA finals at Madison Square Garden on Monday. The Knicks have won both games of the NBA Finals so far against the San Antonio Spurs. Resale tickets for the game are being sold for thousands of dollars. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: - Annmarie Hordern, Co-Host of Bloomberg Surveillance and Bloomberg Television Chief Political Correspondent, on President Trump's comments to reporters on Air Force One regarding a meeting next week with "all of the big" AI companies. - Grindr CEO George Arison, who says that companies concerned about AI spending are "not well-managed," and speaks about the app looking to expand its offerings into live events.  - Danielle Muoio Dunn, State Tax Policy Journalist at Bloomberg Tax, on New York offering a tax credit to keep Broadway shows from opening in other cities. Plus, David, Christina, and Lisa play Pointed: The News Quiz for Risk Takers. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Trump Sends Mixed Signals on Iran War

New details emerged this morning about President Trump's meeting in the situation room last Friday. According to Axios, President Trump is asking for several amendments to a deal negotiated between his envoys and the Iranians. In particular, President Trump wants to strengthen the sections around Iran's nuclear material, including details on how the US gets that material, and when. All this is happening while several Americans were hurt in a missile attack on a Kuwaiti air base as negotiations to extend the ceasefire with Iran dragged on without conclusion. On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with: * Former National Security Advisor & Former US Ambassador to the UN, John Bolton, on President Trump wanting to amend the peace deal with Iran. * New York Times Chief Africa Correspondent Declan Walsh on his on-site research at the Ebola epicenter in the Democratic Republic of Congo. * Bloomberg Opinion Columnist and Research Fellow at the Harvard Kennedy School’s Center for Public Leadership, Gautam Mukunda, to discuss the rising cost of implementing AI into a company. * Bloomberg Pursuits Journalist Sarah Rappaport on how Gen Zers and millennials are ditching bars for barbells. For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.