Iran Nuclear Threat: Germany Moves to Fix Trump-Merz Rift | The Pulse 5/7

Posted on 05/07/2026
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Germany’s foreign minister sought to repair relations between President Donald Trump and Chancellor Friedrich Merz, saying the government in Berlin supports the US aim to ensure Iran can’t obtain a nuclear weapon. In an interview with Bloomberg News Editor-in-Chief John Micklethwait, Johann Wadephul said the US-led campaign in Iran has already disrupted the Islamic Republic’s ability to move toward a nuclear weapon and “more or less destroyed” the country’s missile program. Despite tensions between the two leaders, relations remain “solid,” he said. German officials so far have reacted calmly to Trump’s announcement that the US will cut its military presence in Germany by more than 5,000 troops, even as Republican allies and NATO countries questioned the move.

Today's guests:
James Lord, Morgan Stanley, FX and Emerging Markets Strategy Head; Johann Wadephul, German Foreign Minister.

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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.



Chapters:

00:00:00 - The Pulse with Francine Lacqua

00:00:26 - Oil steadies as Iran assess fresh US proposal

00:05:35 - Arm falls as weak smartphone demand hits royalties

00:06:45 - Anthropic signs computing deal with SpaceX to meet AI demand

00:08:14 - James Lord, Morgan Stanley, Head of FX & EM Strategy

00:16:54 - 10 years of Bloomberg's Odd Lots Podcast

00:23:31 - Thursday headlines

00:23:57 - Norges Bank raises benchmark rate to 4.25%

00:24:21 - Shell says profits rise as Iran war boosts trading

00:26:15 - Xi, Trump expected to meet next week in Beijing

00:30:07 - Maesk still sees fullyear underlying EBITDA to $7 Billion

00:33:30 - Johann Wadephul, German Foreign Minister speaks to Bloomberg's Editor-in-Chief John Micklethwait

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