1 00:00:00,880 --> 00:00:04,040 Speaker 1: News when you want it with Bloomberg News Now. I'm 2 00:00:04,040 --> 00:00:08,480 Speaker 1: Ad Kalengi, senior US and Chinese negotiators spent hours behind 3 00:00:08,480 --> 00:00:11,479 Speaker 1: closed doors in Switzerland Saturday as they held high stakes 4 00:00:11,520 --> 00:00:14,319 Speaker 1: talks that offer the clearest opportunity yet for the two 5 00:00:14,400 --> 00:00:18,000 Speaker 1: countries to de escalate their trade war. US Treasury Secretary 6 00:00:18,079 --> 00:00:21,680 Speaker 1: Scott Bessant and the Chinese Vice Premier are leading the negotiations. 7 00:00:22,040 --> 00:00:25,360 Speaker 1: Expected to spend two days in Geneva. The discussions which 8 00:00:25,400 --> 00:00:27,639 Speaker 1: took place at the Swiss Mission to the UN and 9 00:00:27,720 --> 00:00:32,080 Speaker 1: Geneva are expected to continue Sunday on truth social President 10 00:00:32,120 --> 00:00:35,200 Speaker 1: Trump said, a very good meeting today with China in Switzerland. 11 00:00:35,520 --> 00:00:39,000 Speaker 1: Many things discussed, much agreed to. A total reset negotiated 12 00:00:39,200 --> 00:00:41,960 Speaker 1: and a friendly but constructive manner we want to see 13 00:00:41,960 --> 00:00:43,800 Speaker 1: for the good of both China and the US and 14 00:00:43,880 --> 00:00:47,879 Speaker 1: opening up of China to American business. Great progress made. 15 00:00:48,240 --> 00:00:52,080 Speaker 1: Russian President Vladimir Putin has proposed to restart direct talks 16 00:00:52,080 --> 00:00:56,040 Speaker 1: with Ukraine and Eastern bull on May fifteenth, without preconditions. 17 00:00:56,360 --> 00:00:58,920 Speaker 1: Speaking to reporters in the Kremlin in the early hours 18 00:00:58,920 --> 00:01:02,400 Speaker 1: of Sunday, Putin proposed to restart peace talks Russia and 19 00:01:02,480 --> 00:01:05,759 Speaker 1: Ukraine held in twenty twenty two. His remarks came after 20 00:01:05,840 --> 00:01:09,400 Speaker 1: leaders from four major European countries threatened to ratch a 21 00:01:09,520 --> 00:01:12,480 Speaker 1: pressure on Putin if he does not accept an unconditional 22 00:01:12,520 --> 00:01:15,920 Speaker 1: thirty day ceasefire in Ukraine that they offered. On Saturday. 23 00:01:15,959 --> 00:01:19,120 Speaker 1: In a strong show of unity with Kiev, India and 24 00:01:19,200 --> 00:01:22,679 Speaker 1: Pakistan agreed to an immediate ceasefire mediated by the US, 25 00:01:22,959 --> 00:01:25,600 Speaker 1: though each of the nuclear armed powers soon accused the 26 00:01:25,600 --> 00:01:29,279 Speaker 1: other of violating the truce. World powers, including China, Saudi 27 00:01:29,319 --> 00:01:31,959 Speaker 1: Arabia and the Group of Seven Nations, had urged the 28 00:01:31,959 --> 00:01:35,399 Speaker 1: countries to engage in dialogue after dozens of civilians on 29 00:01:35,400 --> 00:01:37,759 Speaker 1: either side of the border were killed in a series 30 00:01:37,760 --> 00:01:40,840 Speaker 1: of tit for tat attacks. In a briefing late Saturday, 31 00:01:40,880 --> 00:01:46,400 Speaker 1: Indian Foreign Secretary Vikram Mishri accused Pakistan of repeated ceasefire violations. 32 00:01:46,680 --> 00:01:49,320 Speaker 1: He said the armed forces have been given instructions to 33 00:01:49,320 --> 00:01:53,320 Speaker 1: deal strongly with any instances of repetition of the violations 34 00:01:53,440 --> 00:01:56,880 Speaker 1: along the international border as well as the line of control. 35 00:01:57,200 --> 00:02:01,480 Speaker 1: Pakistan denied claims that had violated the sea spire in Islamabad. 36 00:02:01,640 --> 00:02:05,960 Speaker 1: Pakistan's Foreign ministry blamed Indian forces for initiating the cease 37 00:02:06,000 --> 00:02:09,600 Speaker 1: fire violation. The ministry said Pakistan remains committed to the 38 00:02:09,600 --> 00:02:13,480 Speaker 1: agreement and its forces were handling the situation with responsibility 39 00:02:13,720 --> 00:02:17,240 Speaker 1: and restraint. United Airlines is on the radar as safety 40 00:02:17,240 --> 00:02:20,280 Speaker 1: officials look to cut flights at Newark Airport. More from 41 00:02:20,280 --> 00:02:22,440 Speaker 1: Bloomberg's Thanise Pellegrini. 42 00:02:22,000 --> 00:02:25,400 Speaker 2: The FAA will hold talks with airline officials May fourteen 43 00:02:25,520 --> 00:02:29,800 Speaker 2: as aloks to temporarily cut operations at Newark's Liberty International Airport. 44 00:02:30,040 --> 00:02:33,080 Speaker 2: That's after the Pennsylvania facility that roots planes there suffered 45 00:02:33,080 --> 00:02:36,440 Speaker 2: two radar failures in two weeks. United operates sixty eight 46 00:02:36,480 --> 00:02:39,239 Speaker 2: percent of the airport's flights. From April twenty six through 47 00:02:39,240 --> 00:02:42,120 Speaker 2: May six, more than two hundred twenty six thousand United 48 00:02:42,120 --> 00:02:46,760 Speaker 2: passengers had trips disrupted by flight cancelations, delays, or diversions there, 49 00:02:46,919 --> 00:02:49,480 Speaker 2: and travelers on more than eleven hundred delayed flights spent 50 00:02:49,560 --> 00:02:52,280 Speaker 2: more than two hundred ninety six thousand hours waiting. That's 51 00:02:52,320 --> 00:02:56,120 Speaker 2: equivalent to nearly thirty four years. Denise Pelgrity Bloomberg Radio. 52 00:02:56,280 --> 00:03:00,000 Speaker 1: Federal Reserve data suggests Americans are increasingly fearful about fire. 53 00:03:00,000 --> 00:03:03,920 Speaker 1: Emily finances is White House policies rattle confidence. Bloomberg's Minnie 54 00:03:03,960 --> 00:03:05,640 Speaker 1: del Judie reports. 55 00:03:05,560 --> 00:03:07,880 Speaker 3: New York Fed survey indicates more than the third of 56 00:03:08,040 --> 00:03:12,240 Speaker 3: US households anticipate they'll be worsaw financially a year from now. 57 00:03:12,480 --> 00:03:16,040 Speaker 3: Two key concerns the perceived probability of missing a minimum 58 00:03:16,040 --> 00:03:18,600 Speaker 3: debt payment over the next three months. The outlook for 59 00:03:18,720 --> 00:03:22,200 Speaker 3: higher income it's at a five year low. Additionally, US 60 00:03:22,240 --> 00:03:26,040 Speaker 3: inflation expectations are up, as are worries about finding a job. 61 00:03:26,400 --> 00:03:29,600 Speaker 3: Recent Labor Department data show job growth is moderating. Vinnie 62 00:03:29,639 --> 00:03:31,080 Speaker 3: del Judice Bloomberg Radio. 63 00:03:31,200 --> 00:03:36,080 Speaker 1: The PB and jywars are heating up. Bloomberg's Nancy Lyons explains. 64 00:03:35,840 --> 00:03:38,880 Speaker 4: Kraft Heines is hoping a new PB and JY lunchable 65 00:03:38,960 --> 00:03:42,600 Speaker 4: will help it capture a slice of the Uncrustables fan base. 66 00:03:43,160 --> 00:03:46,920 Speaker 4: Uncrustables took in nearly one billion dollars in sales last year. 67 00:03:47,400 --> 00:03:50,080 Speaker 4: Food Dive reports the new lunchable will be a no 68 00:03:50,400 --> 00:03:53,800 Speaker 4: thaw item with peanut butter on crustalist bread with the 69 00:03:53,880 --> 00:03:57,280 Speaker 4: side of grape or strawberry dip. Craft Heines has set 70 00:03:57,320 --> 00:03:59,960 Speaker 4: a goal of driving two billion dollars in incremental sales 71 00:04:00,520 --> 00:04:05,040 Speaker 4: through innovation by twenty twenty seven. I'm Nancy lyons Bloomberg Radio. 72 00:04:05,160 --> 00:04:08,200 Speaker 1: After three rounds of the Truest Championship, a two way 73 00:04:08,280 --> 00:04:11,480 Speaker 1: tie at the top Shane Lowry and Sepstraca, both fourteen under. 74 00:04:11,520 --> 00:04:14,240 Speaker 1: They will head into Sunday's final round sharing a three 75 00:04:14,320 --> 00:04:17,480 Speaker 1: shot lead. Over the past decade, the software company has 76 00:04:17,520 --> 00:04:20,479 Speaker 1: become a pillar of US cyber defenses, a position that 77 00:04:20,560 --> 00:04:24,160 Speaker 1: could become more complicated under President Trump. The elite Microsoft 78 00:04:24,240 --> 00:04:27,359 Speaker 1: unit constantly working to thwart hackers. You can read all 79 00:04:27,400 --> 00:04:31,080 Speaker 1: about it in Bloomberg's weekend edition, exploring the places where finance, 80 00:04:31,160 --> 00:04:33,920 Speaker 1: life and culture meet. Find it now on Bloomberg dot 81 00:04:33,920 --> 00:04:36,719 Speaker 1: com in the Bloomberg Business app. That's news when you 82 00:04:36,760 --> 00:04:40,120 Speaker 1: want it with Bloomberg News Now. I made Kleggy. This 83 00:04:40,560 --> 00:04:41,320 Speaker 1: is Bloomberg