Senate Reverses Course on Iran; Micron Soars on Forecast | Bloomberg Daybreak: US Edition

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) Hours after President Trump excoriated Republicans at a private lunch for backing a war powers resolution to end the Iran conflict, the Senate voted down a separate resolution as two Republicans flipped their votes. Senator Bill Cassidy of Louisiana told reporters he changed his vote after he was reassured by a private briefing he received after engaging in a shouting match with the president at the lunch. And Senator Rand Paul flipped his vote to present, posting on X that he wanted to give the peace talks a chance. The moves are mostly symbolic, but Trump had complained to senators that the passage of the resolution on Tuesday had undermined his negotiating position with the Iranians at a sensitive time, senators said. 2) Micron Technology surged in premarket trading after its quarterly sales forecast exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong. The company has secured strategic customer agreements that average three years in length, which suggests it can mitigate boom-and-bust cycles in the memory chip industry. Micron's revenue will be approximately $50 billion in the fiscal fourth quarter, with profit of about $31 a share, compared with analyst projections of $43.2 billion and $25.31, respectively. 3) The European Union's US trade deal is set to go into effect after the bloc gave its final sign-off. The EU will erase levies on US industrial goods and some agriculture products in exchange for a 15% tariff ceiling on its US exports. The transatlantic trade relationship remains strained due to unresolved disagreements over issues like metals tariffs and tech regulations. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries. Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Listen to more of Bloomberg Daybreak: US Edition: https://youtube.com/playlist?list=PLe4PRejZgr0Pfj-MCX1dSTXnEBCGHl3Yo #Bloomberg #Podcast #News Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: https://twitter.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake For coverage on news, markets and more: http://www.bloomberg.com/video