Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: Doug Prisner. The Trump administration is investigating the addition of
Speaker 1: journalist Jeffrey Goldberg to a text group of top US
Speaker 1: officials discussing plans for military strikes in Yemen. Now. The
Speaker 1: group was communicating through the encrypted messaging chat app Signal. Today,
Speaker 1: President Trump suggested procedures might not change in the aftermath
Speaker 1: of this incident.
Speaker 2: Well, I don't know what.
Speaker 3: I don't know anything about Signal. I wasn't involved in this,
Speaker 3: but I just heard about it, and I hear it's
Speaker 3: used by a lot of groups. It's used by the
Speaker 3: media a lot, it's used by a lot of the military,
Speaker 3: and I think successfully. But sometimes somebody can get onto
Speaker 3: those things. That's one of the prices you pay when
Speaker 3: you're not sitting in the situation room.
Speaker 1: That is President Trump, speaking earlier from the White House.
Speaker 1: He went on to say that he did not believe
Speaker 1: that the disclosures demanded a criminal investigation or even a
Speaker 1: directive banning the use of Signal. Meantime, his National Security advisor,
Speaker 1: Mike Waltz, took responsibility for the misapp tonight. He was
Speaker 1: speaking on Fox News. I take responsibility. I built the
Speaker 1: I built the group.
Speaker 4: Okay, So.
Speaker 1: But look, that's the part that we have to figure out,
Speaker 1: and that's the part that we were embarrassing. Yes, we
Speaker 1: made a mistake.
Speaker 5: We're moving forward and we're going to continue to knock
Speaker 5: it out of the park for this president.
Speaker 1: That is National Security Advisor Mike Waltz, speaking earlier to
Speaker 1: Fox News. He went on to say that he's never
Speaker 1: met Jeffrey Goldberg, the editor in chief of the Atlantic magazine,
Speaker 1: and Waltz said he has spoken to Elon Musk to
Speaker 1: look at how Goldberg was added to the Signal Group chat.
Speaker 1: We know that markets are bracing for another round of
Speaker 1: US tariffs, set to take effect on April second. Well
Speaker 1: tonight President Trump, saying he does not want to have
Speaker 1: too many exceptions. Trump told Newsmax he'll probably be more
Speaker 1: lenient than reciprocal, because if the tariffs were reciprocal, that
Speaker 1: would be very tough for people. Meantime, US tariffs on
Speaker 1: copper imports could be imposed within several weeks, months earlier
Speaker 1: than the deadline for a decision. We are told the
Speaker 1: investigation is already looking like little more than a formality. Now.
Speaker 1: Analysts have been expecting the US to impose a tariff
Speaker 1: of twenty five percent on copper by the end of
Speaker 1: the year, and that in turn could royal the global
Speaker 1: market and impact copper prices. Republican leaders are close to
Speaker 1: agreeing on a plan to pass an extension of President
Speaker 1: Trump's twenty seventeen tax cuts and increase the debt ceiling. Now,
Speaker 1: the GOP Congress is aiming to approve an economic package
Speaker 1: by the end of May, although House lawmakers are working
Speaker 1: to get it passed before the Memorial Day weekend. Here
Speaker 1: is House Speaker Mike Johnson.
Speaker 2: I mean, I'm trying to get this to the President's
Speaker 2: desk for signature at least by Memorial Day. I think
Speaker 2: it's very important. I think the timing is very important
Speaker 2: because we have to bring stability to the markets. We've
Speaker 2: got to make sure everybody's tax rates are locked in
Speaker 2: and they know that so people can make decisions about
Speaker 2: expanding their businesses and jobs and other things. It'll settle
Speaker 2: the bond markets, it will secure the border, it will
Speaker 2: help us to restore and maintain piece through strength, and
Speaker 2: of course it will prevent the largest tax increase in
Speaker 2: US history.
Speaker 1: That is how Speaker Mike Johnson speaking to reporters earlier.
Speaker 1: He went on to say that the Senate is coming
Speaker 1: around to supporting a debt sealing increase as part of
Speaker 1: the legislation sent him. Majority leader John Thune said he
Speaker 1: believes there is consensus forming around that debt sealing plan.
Speaker 1: The Treasury Department is planning to lay off a substantial
Speaker 1: number of employees. This would be as part of the
Speaker 1: Department of Government Efficiencies initiative that being doged. The Treasury
Speaker 1: has more than one hundred thousand workers across several bureaus.
Speaker 1: Consumer confidence tumbled in March to the lowest level in
Speaker 1: four years. The drop today, reported by the Conference Board,
Speaker 1: marks the fourth straight monthly decline. Stephanie Guichard is senior
Speaker 1: economist at the Conference Board.
Speaker 5: What has been driving the decline is especially the expectation
Speaker 5: component of I index, where we see consumers negative about
Speaker 5: the future of the labor market, future label conditions, and
Speaker 5: importantly getting more and more worried about future income.
Speaker 1: Stephanie gusharv from the Conference Board. There Today, the US
Speaker 1: announced Russia and Ukraine agreed to a cease fire in
Speaker 1: the Black Sea. This will ensure safe navigation and prevent
Speaker 1: the use of commercial shipping for military purposes. Now, the
Speaker 1: Kremlin confirmed this agreement, but it said it was conditional
Speaker 1: on lifting sanctions on banks and companies involved in agricultural exports.
Speaker 1: Wendy Sherman is a former US Deputy Secretary of State.
Speaker 4: I think that the White House wants people to feel
Speaker 4: that there's forward progress. The Russian said, only if you
Speaker 4: live sanctions. And already, in my view, the Trump administration
Speaker 4: has given Russia way too much. Already said that we
Speaker 4: believe that Ukraine should never become part of NATO.
Speaker 1: That was former US Deputy Secretary of State Wendy Sherman
Speaker 1: speaking there time. Ukrainian President Voladimir Zelensky said his forces
Speaker 1: would observe the partial truce immediately. He also said Ukraine
Speaker 1: unconditionally supports the idea of a full sease fire. And
Speaker 1: that is news when you want it with Bloomberg News. Now,
Speaker 1: I'm Doug Krisner, and this is Bloomberg