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Speaker 1: News when you want it with Bloomberg News Now, I

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Speaker 1: made kleggy. President Trump said Saturday the time was running

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Speaker 1: out on his ten day deadline for Iran to make

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Speaker 1: a peace deal with the US, and threatened that the

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Speaker 1: Islamic Republic would face all hell in forty eight hours.

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Speaker 1: Trump said in a social media post the day before Easter,

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Speaker 1: Remember when I gave Iran ten days to make a

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Speaker 1: deal or open up the horror moves straight. Time is

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Speaker 1: running out forty eight hours before all hell will rain

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Speaker 1: down on them. Glory be to God. President Trump has

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Speaker 1: not discussed the search for a missing US airman, but

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Speaker 1: did tell NBC the operation would not effect ongoing negotiations

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Speaker 1: to end the war with Iran. Bloomberg's Jamie Terrabe weighs

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Speaker 1: in the.

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Speaker 2: Sort of the terrain and where this pilot went down.

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Speaker 2: It's mountainous, but it's also near military basis, so you

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Speaker 2: kind of want to hope for the best, obviously that

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Speaker 2: this person is captured but treated well according to international conventions.

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Speaker 3: But we really don't know at this point.

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Speaker 2: And I think that that's going to be such a

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Speaker 2: huge priority because that can really change the calculus, at

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Speaker 2: least with the way it's landing with the American people,

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Speaker 2: depending on what happens to this.

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Speaker 1: Person, Bloomberg's Jamie Tarabay on Bloomberg this weekend. Traffic through

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Speaker 1: the vital Strait of Hormuz has been picking up in

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Speaker 1: the past week, with a seven day rolling average for

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Speaker 1: transits on Friday reaching the highest since the war started.

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Speaker 1: More vessels are crossing, including those with no clear links

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Speaker 1: to Iran or China, as nations negotiate with Tehran to

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Speaker 1: get their ships through. The Iranian military said major oil

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Speaker 1: producer Iraq is exempt from shipping restrictions in the Strait

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Speaker 1: of Hormuz, a potentially significant move for global crude supplies.

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Speaker 1: In an Arabic language video statement published by state run

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Speaker 1: Islamic Republic News agency, Iran's military spokesman said, Brotherly, Iraq

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Speaker 1: is exempt from any restrictions we have imposed on the

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Speaker 1: Strait of Hormuz. The declaration has the potential to unleash

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Speaker 1: as much as three million barrels a day of Iraqi

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Speaker 1: oil cargoes at a rocky. Official, however, cautioned that the

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Speaker 1: usefulness of the exception will depend on whether shipping companies

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Speaker 1: are willing to risk entering this straight to collect cargoes.

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Speaker 1: The warrant Iran is interest affecting the price of oil.

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Speaker 1: The price of helium is also soaring, with helium spot

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Speaker 1: prices double since Guitar, which produces more than a third

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Speaker 1: of the world supply, shut down the world's largest liquefied

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Speaker 1: natural gas facility. Cliff Kaine is the president of Pulsar Helium.

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Speaker 4: Thirty three percent of the world's supply of helium is gone,

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Speaker 4: and we've had shortages over the past twenty years with

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Speaker 4: the demand of semiconductors going up for many applications, you know,

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Speaker 4: everything from our national defense to your cell phones that

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Speaker 4: are in your hands right And we don't have ramp

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Speaker 4: up capacity just to make helium.

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Speaker 1: Pulsar Helium President Cliff Kine on Bloomberg this weekend, economists

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Speaker 1: are penciling in a one percent increase in the Consumer

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Speaker 1: Price Index for March, the sharpest one month advanced since

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Speaker 1: twenty twenty two. The Iran war pushed gas prices at

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Speaker 1: the pump up by almost a dollar a gallon. At

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Speaker 1: the same time, the core CPI excluding energy and food

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Speaker 1: probably rose three tenths of one percent from a month earlier.

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Speaker 1: This according to a Bloomberg survey ahead of the Bureau

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Speaker 1: of Labor Statistics report throughout Friday. The US could help

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Speaker 1: reboot peace talks between Ukraine and Russia soon. Bloomberg's Monica

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Speaker 1: Rix has the story.

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Speaker 3: Ukraine expects top US envoys Steve Whitkoff and Jared Kushner

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Speaker 3: to lead a US delegation to Kiev in the next

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Speaker 3: few weeks to discuss security assurances against further Russian aggression.

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Speaker 3: If it decides to end the conflict. Republican Senator Lindsay

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Speaker 3: Graham of South Carolina could also join. This war is

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Speaker 3: now in its fifth year, and the US continues to

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Speaker 3: media peace efforts between the two countries. The talks that

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Speaker 3: were said to be held in the United Arab Emirates

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Speaker 3: in early March had to be postponed due to the

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Speaker 3: war in Iran. Both sides remained far apart on terms

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Speaker 3: for a potential end to hostilities. Monica Ricks Bloomberg Radio.

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Speaker 1: President Trump is preparing to release a fiscal year twenty

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Speaker 1: twenty seven budget plan that will frame his party's mid

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Speaker 1: term election message around a massive defense build up. Bloomberg's

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Speaker 1: Amy Marris reports from Washington.

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Speaker 5: The Trump budget won't address entitlement programs like Social Security

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Speaker 5: and Medicare, and it's not expected to include ten year

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Speaker 5: deficit projections, which means the White House won't offer a

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Speaker 5: full picture of how it projects the President's policies adding

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Speaker 5: to future deficits. The President has said he will be

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Speaker 5: seeking to boost defense spending to one and a half

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Speaker 5: trillion dollars from less than one trillion in the current

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Speaker 5: fiscal year, but it's not clear how this massive increase

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Speaker 5: will be spent. In Washington, Amy Moore as Bloomberg Radio at.

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Speaker 1: The NCAA Men's Final four in Indianapolis. In the first

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Speaker 1: of the national semifinal Games, Yukon defeated Illinois seventy one

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Speaker 1: sixty two. That's news when you want it with Bloomberg News.

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Speaker 1: Now I made Koleggy. This is Bloomberg