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Bloomberg News Now: U.S. Sinks Iranian Warship, Tariff Hike Looms, Markets Rally
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March 4, 2026
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4:37Now PlayingBloomberg News Now with Amy Morris reports on the U.S. sinking an Iranian warship in the first torpedo strike on an enemy vessel since World War II. General Dan Kaine outlines the next phase of U.S. operations inside Iran, while Iran denies reports of back‑channel outreach to the CIA. Treasury Secretary Scott Bezzant signals a possible tariff hike to 15%, markets rise on hopes of a shorter conflict, and Fed Governor Steven Myron says rate cuts remain appropriate. The segment also covers Minnesota’s $9 billion fraud scandal and the latest developments in the Texas congressional race.
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