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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning, I'm Lisa Matteo and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: We begin with the latest development in the war in Ukraine,

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Speaker 3: Moscow and Kiev. They are preparing to send delegations to

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Speaker 3: Turkey for a second round of peace talks today, and

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Speaker 3: this comes after a Ukrainian drone attack destroyed more than

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Speaker 3: forty Russian planes deep in Russia's territory. Ukraine claims the

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Speaker 3: operation caused losses totaling at least two billion dollars. Here's

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Speaker 3: President Vladimir Zelinsky speaking through an interpreter Rajal.

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Speaker 4: Thirty four percent of the strategic cruise missile carriers stationed

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Speaker 4: at air bases were head Our personnel operated across multiple

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Speaker 4: Russian regions in three different time zones, and the people

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Speaker 4: who assisted us were withdrawn from Russian territory before the operation.

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Speaker 4: They are now safe.

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Speaker 3: Zelensky Commons came as this country also came under one

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Speaker 3: of the longest barrages from Russian missiles and drones on Sunday.

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Speaker 2: Now, Lisa, another major story that we're following this morning.

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Speaker 2: Eight people have been injured in an attack at an

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Speaker 2: event for Israeli hostages in Colorado. Officials say the suspect,

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Speaker 2: forty five year old Mohammed sanbre Soloman, shot at Free

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Speaker 2: Palestine and threw an incendiary device into the crowd during

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Speaker 2: the attack. In the city of Boulder, local police chief

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Speaker 2: Stephen Redfern says the neighborhood will stand strong.

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Speaker 5: Older is not immune to tragedy sadly, and I know

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Speaker 5: a lot of people are scared right now. A lot

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Speaker 5: of people are upset and questioning how this happened and why.

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Speaker 5: All I know is Boulder has recovered before from acts

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Speaker 5: of violence and we will again.

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Speaker 2: Boulder Police Chief Stephen Redfern says the age victims who

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Speaker 2: were wounded range in age from fifty two to eighty eight,

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Speaker 2: and the injuries span from serious to minor.

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Speaker 3: Karen in Europe, a nationalist candidate back by Donald Trump

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Speaker 3: one Poland's presidential election, Carol Nevrotsky, who has no previous

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Speaker 3: political experience, defeated the centrist mayor of Warsaw in a

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Speaker 3: blow to the country's pro European Union government. Bloomberg's Oliver

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Speaker 3: Crook is covering the election in Warsaw.

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Speaker 6: I think there are also much larger implications beyond Poland.

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Speaker 6: For this, I mean, let's not lose sight of the

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Speaker 6: fact that the EU is currently engaged in a trade

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Speaker 6: war trade diplomacy with the United States, and what the

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Speaker 6: EU really wanted was more solidarity and they did not

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Speaker 6: want a sort of prominent nation a protagonists within Europe,

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Speaker 6: basically undermining the unity within Europe and electing somebody who

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Speaker 6: is really sort of very EU skeptical.

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Speaker 3: Bloomberg's Oliver Crook says Carol Nevrotsky won fifty point nine

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Speaker 3: percent while Rafael Tevskovsky won forty nine point one percent.

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Speaker 2: Well, these attentions maybe escalating between China and the US.

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Speaker 2: China is now accusing the US of violating their recent

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Speaker 2: trade deal and vows to take measures to defend its interest.

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Speaker 2: The Chinese Ministry at Commerce is rebuking President Trump's claim

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Speaker 2: on Friday that Beijing breached the consensus reached in Geneva

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Speaker 2: last month. Still, the director of the White House National

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Speaker 2: Economic Council, Kevin Hassett, believes that two leaders could talk

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Speaker 2: this week.

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Speaker 4: We expect it's going to have a wonderful conversation about

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Speaker 4: the trade negotiations this week. With President She that's our expectation.

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Speaker 7: But the bottomlight is that we've got to be ready

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Speaker 7: in case things don't happen the way we want.

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Speaker 2: The White House National Economic Council is Kevin Hasset spoke

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Speaker 2: on ABC's This We Catch the program Sundays right here

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Speaker 2: on Bloomberg Radio, Well Karen.

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Speaker 3: Treasury Secretary Scott Bessend also made the rounds on the

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Speaker 3: Sunday talk shows. He spoke with CBS's Face the Nation

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Speaker 3: also heard right here on Bloomberg Radio about the federal

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Speaker 3: debt ceiling.

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Speaker 8: The United States of America is never going to default,

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Speaker 8: that is never going to happen. That we are on

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Speaker 8: the warning track and we will never hit the wall now.

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Speaker 3: Treasury Secretary Scott Besson declined to specify an X date

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Speaker 3: for when the Treasury will run out of cash. Republican

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Speaker 3: congressional leaders have attached an increase in the debt limit

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Speaker 3: to President Trump's tax and spending bill, which potentially puts

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Speaker 3: avoiding a default at the mercy of complex negotiations over

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Speaker 3: the legislation.

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Speaker 2: Lisa General Electric is passing on additional charges caused by

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Speaker 2: President Trump's tariffs. The world's largest aircraft engine maker has

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Speaker 2: about five hundred million dollars in residual cost challenges coming

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Speaker 2: from the tariffs. Chief executive Larry Kulps spoke earlier this

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Speaker 2: morning with The Bloomberg's Guy Johnson in New Delhi.

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Speaker 8: We've been advocating for is a return to where we

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Speaker 8: were on the heels of nineteen seventy nine Civil Aviation Agreement,

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Speaker 8: which really provided terror free trade. Yeah, amongst all the signatories,

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Speaker 8: that was a positive for the US aerospace industry. I

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Speaker 8: think that is why the US enjoys a seventy five

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Speaker 8: billion dollar annual trade surplus today. But we'll see how

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Speaker 8: that plays out. There's a series of bilateral negotiations that

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Speaker 8: are active.

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Speaker 2: GEE chief executive Larry Kolb says he is in close

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Speaker 2: contact with the company's supplied chain and would like the

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Speaker 2: industry to speak with a unified voice to achieve a

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Speaker 2: duty free regime.

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Speaker 3: Mean, while the global airline industry is scaling back its

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Speaker 3: profit outlook because of the trade tensions, the International Air

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Speaker 3: Transport Association now expects the industry to earn a collective

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Speaker 3: thirty six billion dollars this year. The new forecast is

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Speaker 3: about six hundred million dollars less than its previous forecasts.

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Speaker 3: At the end of last year, the North American market

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Speaker 3: is expected to see the highest total profit contribution at

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Speaker 3: twelve point seven billion, followed by Europe.

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Speaker 7: Thanks.

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Speaker 2: So let's turn to the markets now and again. Futures

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Speaker 2: are lower as we kick off the trading week. As

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Speaker 2: we mentioned, China and the US are accusing each other

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Speaker 2: of violating a trade deal concluded last month. President Trump

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Speaker 2: also said he would double tariffs on steel and aluminum imports,

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Speaker 2: and the dollar may be in for more pain ahead.

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Speaker 2: We get that story with the Bloomberg's John Tucker, John

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Speaker 2: Good Morning.

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Speaker 9: Yeah, Good morning. Karen Morgan Stanley predicts in a year

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Speaker 9: from now, the dollar is going to tumble to levels

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Speaker 9: last scene during the pandemic. Basically the US Dollar index

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Speaker 9: following about nine percent well. The Morgan Stanley report is

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Speaker 9: adding to a chorus of voices question the outlook for

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Speaker 9: the dollar as traders and analysts way President Trump's disruptive

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Speaker 9: approach to trade. The US Dollar Index has dropped just

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Speaker 9: about ten percent since a February peak because the President's

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Speaker 9: trade policies dense sentiment on US assets and trigger a

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Speaker 9: rethink on the world's reliance on the greenback. As a result,

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Speaker 9: in the US prices of importing goods, they're expected a rise.

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Speaker 2: Well.

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Speaker 9: The cheaper dollar means American experts could become more attractive

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Speaker 9: to customers overseas. The US dollar is the closest thing

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Speaker 9: there is to a global currency. It's the cornerstone of

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Speaker 9: international finance and the payment method of choice for more

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Speaker 9: international transactions than any other currency. Of this morning, dollar

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Speaker 9: DXY down about six tenths of a percent in New York.

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Speaker 9: I'm John Tucker, Bloomberg Radio.

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Speaker 3: All right, thank you John. In Dale News. French drug

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Speaker 3: maker Sanafie it's agreed to buy Cambridge, Massachusetts based Blueprint Medicines.

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Speaker 3: Now the price tag more than nine point one billion dollars.

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Speaker 2: Time now for look at some of their stories making

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Speaker 2: news in New York and around the world. And for

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Speaker 2: that we're joined by Bloomberg's Michael Barr.

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Speaker 10: Michael, good Morning, Good Morning Karen. In Massachusetts, protests were

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Speaker 10: held at Milford Town Hall after an eighteen year old

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Speaker 10: was detained by a federal immigration agents over the weekend

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Speaker 10: as he drove to volleyball practice off campus. Friends and

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Speaker 10: relatives who have only identified him as Marcelo are upset.

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Speaker 10: His girlfriend is rallying support for the student athlete.

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Speaker 11: He is not a criminal, He's a member of his

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Speaker 11: community and he's never done anything wrong.

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Speaker 10: Meanwhile, Nick Mulinari, president of the Milford Teachers Association, called

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Speaker 10: it a moral unnecessary and should be universally condemned. Over

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Speaker 10: the weekend, President Trump withdrew his nomination for Jeric Isaacman

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Speaker 10: to be the next NASA administrator after learning that Isaacman

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Speaker 10: had donated it to Democrats. Isaac manh is a close

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Speaker 10: ally of Elon Musk, who announced last week he's leaving

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Speaker 10: his role in Washington. A former personal assistant to Sean Diddy, Combs,

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Speaker 10: who claims the rap mogul raped her, will face further

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Speaker 10: crossing examination at his sex trafficking trial today. Meanwhile, President

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Speaker 10: Trump did not rule out a pardon for Combs at

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Speaker 10: the White House. Former federal prosecutor and former New Jersey

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Speaker 10: Governor Chris Christie. Never before we have we seen a

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Speaker 10: president who makes it a gate to get into a

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Speaker 10: pardon to be a political supporter of his A vocal

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Speaker 10: current political supporter, Chris Christie, spoke to ABC. They honored

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Speaker 10: the lives of nine to eleven first responders. Thousands of

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Speaker 10: runners participated in the annual Tunnel to Towers climb at

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Speaker 10: one World Trade Center in New York City Sunday morning.

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Speaker 10: Runners included Michael Burke, the brother of FDNY Captain Billy Burke,

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Speaker 10: one of the three hundred and forty three firefighters killed

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Speaker 10: in the nine to eleven attack.

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Speaker 12: I think I've been all my brother Billy. You know

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Speaker 12: that day he told his man to keep going right

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Speaker 12: behind you. So that's where I was thinking, throwing up

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Speaker 12: those stairs. Just keep going, keep going going. Quite he

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Speaker 12: never stopped, made sure his man got out, and he's

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Speaker 12: always trying to get more out.

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Speaker 10: Global news twenty four hours a day, and whenever you

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Speaker 10: wanted with the Bloomberg News. Now Michael Barr, and this

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Speaker 10: is Bloomberg Keern.

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Speaker 2: All right, Michael Barr, thank you time now for the

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Speaker 2: Bloomberg Sports Update. Here's John stash Hour. John, good morning,

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Speaker 2: Good morning.

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Speaker 1: Can The Yankees haven't been swept in a series all season.

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Speaker 1: They lost the first two to the Dodgers, but after

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Speaker 1: that eighteen to two drubbing Senteray, they salvage one last night,

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Speaker 1: winning in LA seven to three behind another strong adding

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Speaker 1: from Ryan Yarborough six innings, gave up just to run

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Speaker 1: four hits. He's three and oh as Era is under three.

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Speaker 1: The Yanks win six and three on the road trip.

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Speaker 1: Come home play Cleveland tomorrow. It's the Mets who play

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Speaker 1: at Dodgers Stadium. Tonight at City Field, Mets trailed the

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Speaker 1: Rockies one upping and.

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Speaker 4: A lot so it hits going in the year. The

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Speaker 4: backtos Freeman the flap.

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Speaker 6: Year time.

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Speaker 11: Field Way for three one four, the.

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Speaker 1: Mets for three to one, and I said one later

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Speaker 1: home runs by Francisco Lindora and Juan Soto. Mets won

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Speaker 1: five to three, which makes Colorado's record nine and fifty.

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Speaker 1: Rockies are on pace to lose one hundred and thirty

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Speaker 1: seven games, which would shatter the record. The Red Soots

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Speaker 1: one three one in Atlanta. The Nationals lost three to

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Speaker 1: one at Arizona. The Liberty now seven to zero after

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Speaker 1: beating the Sun by forty eight points, second most lopsided

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Speaker 1: win in w NBA history. The Moreal Golf in Ohio

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Speaker 1: won by who else? Scottie Scheffler had won bogie in

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Speaker 1: his last forty holes, finished ten hunder part one by four.

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Speaker 1: This is the tournament run by Jack Nicholas. He was

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Speaker 1: asked about Scheffler.

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Speaker 13: You want to learn brag about what he does, but

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Speaker 13: he has the ability to bring his level to whatever

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Speaker 13: level it needs to be. That's what good players do

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Speaker 13: and is not good players are great players. I need

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Speaker 13: you to Colick the record that he has had the

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Speaker 13: last few years. It's unbelievable.

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Speaker 1: In Wisconsin, they played the US Women's Open. The Swede

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Speaker 1: Maya Stark won by two over world number one Nellie Corda,

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Speaker 1: whose brother lost in the third round of the French Open.

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Speaker 1: But two Americans are into the men's quarterfinals in Paris,

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Speaker 1: and none had been since Andre Agassi in two thousand

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Speaker 1: and three. Straight set wins of the fourth round for

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Speaker 1: both Tommy Paul and Francis Tiapa. John Starshewer Bloomberg sports Ken.

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Speaker 2: All right, John, thank you. And futures are lower this morning.

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Speaker 2: SMP futures down six tensive percent on thirty five points down.

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Speaker 2: Futures down half percent or two hundred and fourteen points.

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Speaker 2: Nasday futures down eight tens of up percent or one

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Speaker 2: hundred and sixty five points. Ten year Treasury yield four

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Speaker 2: point four to three percent.

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Speaker 11: Coast to coast on Bloomberg Radio nationwide on Sirius XM,

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Speaker 11: and around the world on Bloomberg dot Com and the

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Speaker 11: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 3: It is five point thirteen on Wall Street. Drone strikes

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Speaker 3: ramp up in US, Ukraine and Russia. Head of crucial

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Speaker 3: peace talks this week, an attack and an event for

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Speaker 3: Israeli hostages in Colorado. Here to tell us the very

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Speaker 3: latest on these world events is Bloomberg News Global Business

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Speaker 3: editor Josh Kalud. Have to start with Ukraine. They staged

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Speaker 3: this dramatic series of strikes across Russia around the same

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Speaker 3: time you had Moscow launched one of its longest drone

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Speaker 3: missile strikes against Kiev. What were the targets and how

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Speaker 3: bad is the damage?

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Speaker 7: The damage appears to be pretty significant. Ukraine launched a

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Speaker 7: very widespread attack with drones and it reached all the

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Speaker 7: way into eastern Siberia, which is clearly meant to be

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Speaker 7: a signal of how capable they are of inflicting damage

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Speaker 7: going forward. That's certainly a disincentive to Russia to keep

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Speaker 7: this thing going on. They targeted mainly Russian aircraft military aircraft,

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Speaker 7: including long range bombers that are capable of deploying conventional

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Speaker 7: and nuclear weapons. So it's a really significant blow to

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Speaker 7: the Russian military. More importantly, it's a signal of what

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Speaker 7: kind of problems Ukraine can continue to create for them

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Speaker 7: going forward if they don't reach a ceasefire. On the

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Speaker 7: other hand, Russia, as you suggested that Russia launched an

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Speaker 7: attack on Kiev and at least twelve people were killed

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Speaker 7: in a strike on our military base. So, you know,

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Speaker 7: both sides heading into these talks which are restarting today,

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Speaker 7: both sides have sent a very strong signal that they're

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Speaker 7: really not well, that these talks are very unlikely to

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Speaker 7: result in a significant progress towards a ceasefire today or

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Speaker 7: this week, it could be, but there's still a lot

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Speaker 7: of space to bridge before they reach any kind of agreement.

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Speaker 3: Yeah, so the talks are still happening at taking place, Yes.

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Speaker 7: They're still taking place, and they're meant to meet today in.

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Speaker 3: Istanbul Okay, and the kind of message you mentioned this

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Speaker 3: a little bit, but dive a little bit deeper of

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Speaker 3: what kind of message these latest attacks send as they

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Speaker 3: go into these.

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Speaker 7: Two right, Well, you know, both sides have been pretty

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Speaker 7: dug in on their positions, and Ukraine has pushed very

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Speaker 7: hard to first secure a ceasefire and you know, get

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Speaker 7: security from the West and making sure that it is

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Speaker 7: you know, widely agreed cease to fighting that international partners

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Speaker 7: are part of. Russia on the other hand, has been

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Speaker 7: you know, it's had these quote maximalist demands saying that

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Speaker 7: you know, they'll only agree to a ceasefire when there's

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Speaker 7: a formal commitment for Ukraine not to join NATO, when

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Speaker 7: there's a recognition of its territorial gains throughout this war,

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Speaker 7: and some other conditions that have been just completely rejected

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Speaker 7: by Kiev. So they remain very far apart, and you've

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Speaker 7: seen President Donald Trump sort of distance himself from the

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Speaker 7: process as the prospects for a peace have gone down.

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Speaker 7: So you know, look, they are meeting today. Again it's

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Speaker 7: not it's a high level meeting, but it's not the president,

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Speaker 7: it's government officials. So we'll have to see where things

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Speaker 7: land at the end of the week.

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Speaker 3: All right, Joss, Before you go, I have to get

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Speaker 3: into this developing news in Colorado. A number of people

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Speaker 3: were injured after that attack. It was an event for

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Speaker 3: Israeli hostages in Colorado, any word on a modeive. The

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Speaker 3: FBI is saying it's a targeted act of violence.

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Speaker 6: That's right.

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Speaker 7: They've said it's a targeted act of violence. And of

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Speaker 7: course this comes after last month's incident where two Israeli

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Speaker 7: embassy employees were shot and killed in Washington right outside

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Speaker 7: an event at the Capitol Jewish Museum. So at the

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Speaker 7: same time the person they arrested, they claim was screaming

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Speaker 7: free Palestine as well. So in terms of motivation, if

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Speaker 7: that is true, it seems relatively clear, but we'll have

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Speaker 7: to see as we get updates later today from Colorado.

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