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News when you want it with Bloomberg News now. I'm Ed Kalegi The U.S. military says it launched strikes against three Iranian crude oil tankers in retaliation for the Islamic Revolutionary Guard Corps targeting two U.S. Navy warships with ballistic missiles. U.S. Central Command said Saturday in a post on. Two Iranian tankers were disabled near Cargo Island, while another was destroyed in the Gulf of Oman, adding that the crew was told to abandon ship before the strikes.

President Trump has said he wants to strangle Iran's economy, even as he has struggled to bring the months long war with Iran to a close. President Trump is downplaying the conflict in Iran, calling it small potatoes for the U.S. despite ongoing strikes in the region. I'll be here. Beer Abu Omar covers the Middle East for Bloomberg. President Trump starting attacks against Iran because he said that they had attempted to put mines in the Strait of Hormuz yet again.

And then, of course, Iran retaliating against countries in the region similar to the same action that it had conducted over the course of this war. So you saw the likes of the United Arab Emirates here, Kuwait, Jordan, ten ballistic missiles were intercepted over Jordanian skies at the initial strike. And then, of course, a flood of more Iranian retaliation. So that is what we kept an eye out on over the past week. Reporter Abeer Abu Omar on Bloomberg this weekend.

Polls show Americans have given the president poor marks for his handling of the war, which has spiked energy prices, and his fellow Republicans in danger of losing control of Congress in November. President Vladimir Putin has ordered Russian forces to pause airstrikes on Kyiv, as U.S. envoys Steve Witkoff and Jared Kushner begin talks in Moscow before heading to Ukraine tomorrow. Jovita Neliupšienė is European Union ambassador to the U.S.

Diplomacy actually works and we have to talk first to those who are our allies, because Moscow has not changed its war game. And, they're bombings every day. There are civilians are targeted. So for us, for Europeans, their top priority still remains the same, giving Ukraine everything what it needs to defend itself. Jovita Neliupšienė on Bloomberg this weekend. The Kremlin has signaled little prospect of a breakthrough.

Nvidia's server assembly partner, Hon Hai, just scored a huge revenue boost. Bloomberg's Monica Rix reports on highs. Sales have climbed 52% in the last month, thanks to an AI boom and server momentum. The Taiwanese company, also known as Foxconn, reports revenue in August came in at just over $29 billion, maintaining its scorching pace of growth established in July despite concerns about overcapacity, rising debt levels and fierce competition.

Hon Hai also remains tied to more modest margins from its business, with Apple as its primary iPhone manufacturer, with assembly facilities in China and India. Monica Rix, Bloomberg Radio The New York Times reports the Pentagon's cracking down on media leaks and subjected about 50 members of the U.S. military's Joint Staff to polygraph tests last month to determine if they disclosed classified info on munition supplies.

Mark Esper served as secretary of defense during President Trump's first term. He calls the tests unprecedented. I've never seen anything that large seems unprecedented with regard to its scale. But look, no administration likes leaks. And this one in particular, there has been a lot of concern about the release of classified information or allegedly classified information with regard munitions, but munitions stockpile issues have been out there for some time now.

They've been reported on by think tanks, by journalists, by former Pentagon officials, by many other people. So it's that part of it is not new news. So we'll see where this eventually goes. And and what happens whenever they report what they find. Former Army secretary Mark Esper on Bloomberg this weekend. Mass polygraph tests have never been administered to the military's top ranks in modern history. The Pentagon is not commenting, but says it takes all leaks extremely seriously.

U.S. markets closed lower to win the trading week following a surprisingly strong jobs report, with employers adding 162,000 jobs in August. But inflation is still high, and that's raising expectations that the fed will hike interest rates when it meets in two weeks. Jonathan Golub is managing director and chief equity strategist at Seaport Research Partners. This was a gangbuster report, and it reaffirmed that we already know is that the economy is really quite robust.

And so the market is correctly assuming that the fed is going to raise rates. Warsh told us that if things look strong, that he's inclined to raise rates. Seaport Research Partners Jonathan Golub on Bloomberg this weekend. And that's news when you want it with Bloomberg News now. I'm Ed Kalegi. This is Bloomberg.