Speaker 1: Bloomberg Audio Studios, podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Alexis Christophers.
Speaker 3: Here are the stories we're following today.
Speaker 2: A like since we begin with the latest developments in
Speaker 2: the war in the Middle East. The US and Run
Speaker 2: are considering a second round of talks before their two
Speaker 2: week ceasefire ends next week. Reuters is reporting negotiating teams
Speaker 2: from both sides could return to Islamabad this week. Vice
Speaker 2: President Jade Vance led the discussions that broke down over
Speaker 2: the weekend. He was asked on Fox News about the
Speaker 2: prospect of a second round.
Speaker 4: Are there more talks coming, do they happen in Pakistan?
Speaker 5: And are you leading them?
Speaker 4: Well, it's an interesting question, bretton. I think fundamentally it's
Speaker 4: a question that would be best put to the Iranians
Speaker 4: because the ball really is in their court. We've made
Speaker 4: clear where we're willing again to be accommodating, and we've
Speaker 4: made clear where we absolutely need to see the nuclear
Speaker 4: material come out of the country of Iran.
Speaker 2: Vice President Jadvan spoke Fox's Brett Baher as President Trump
Speaker 2: presses ahead with a naval blockade on Iran. Bloomberg's owner
Speaker 2: Aunt has more from Dubai.
Speaker 6: The blockade is aimed at intercepting or stopping any oil
Speaker 6: or other vessels going into or out of the Pressure
Speaker 6: Gulf if there if one of their destinations is Iran,
Speaker 6: so in theory it should bring to nearly zero what
Speaker 6: was already a trickle of regular traffic through the Strait of.
Speaker 2: Home with Bloomberg's owner on reports, a sanctioned vessel linked
Speaker 2: to China is testing the blockade. A medium range tanker
Speaker 2: named rich Starry is trying to exit the Straight for
Speaker 2: the second time in less than twenty four hours, and.
Speaker 3: Nathan Chinese President Jijinping is making his first remarks on
Speaker 3: the Iran War since the US and Israel began attacks
Speaker 3: more than a month ago. She is vowing to play
Speaker 3: a constructive role in the Middle East. At a meeting
Speaker 3: with Spain's Prime Minister Patro Sanchez, she said that peace
Speaker 3: must be prioritized.
Speaker 7: Both China and Spain are principled and moral countries, both
Speaker 7: willing to stand on the right side of history. We
Speaker 7: should strengthen communication, consolidate mutual trust, cooperate closely, oppose the
Speaker 7: world's regression, the law of the Jungle, and jointly safeguard
Speaker 7: genuine multilateralism and global peace and development.
Speaker 3: Chinese President Hijin Peg, speaking there through an interpreter, describe
Speaker 3: the international order as quote crumbling into disarray.
Speaker 2: Well with the war under way Alexais. President Trump has
Speaker 2: been feuding with Pope Leo the fourteenth that has led
Speaker 2: to a controversy on social media. The President posted an
Speaker 2: AI generated image that seemed to depict him as a
Speaker 2: christ like figure healing a sick patient. He has since
Speaker 2: deleted that photo, but he says it wasn't an accident.
Speaker 8: I did first it and I thought it was me
Speaker 8: as a doctor and had to do with Red Cross
Speaker 8: as a Red Cross worker there, which we support, and
Speaker 8: only the fake news could come up with that one.
Speaker 2: The President Trump called Publio week on Crime after the
Speaker 2: pawn Off spoke out against the war. The President didn't
Speaker 2: explain why he deleted the post, but it did spark
Speaker 2: a backlash, including from some of his supporters. Vice President
Speaker 2: Vance told Fox News the President took it down because
Speaker 2: people didn't understand his humor.
Speaker 3: A couple of departures from Congress on both sides of
Speaker 3: the isle, Democrat Eric Swalwell and Republican Tony Gonzalez said
Speaker 3: they plan on leaving their seats in the wake of
Speaker 3: allegations of sexual misconduct. Swalwell announced his intent to resign,
Speaker 3: saying he must take responsibility and ownership for the mistakes
Speaker 3: he did make, while also vowing to fight the serious
Speaker 3: false allegations made against him. Gonzala said he planned on
Speaker 3: filing his retirement from office after allegations that he had
Speaker 3: an affair with a staffer who later died by suicide.
Speaker 2: Okay, let's turn to the markets now. Alexis futures are
Speaker 2: indicating the recent Wall Street rally has legs.
Speaker 9: Right now.
Speaker 2: S and P futures are up three tenths of one percent,
Speaker 2: or nineteen points. The S and P five hundred index
Speaker 2: has now erased all its losses since it's the start
Speaker 2: of the war. Max Wasserman is senior portfolio manager at
Speaker 2: Miramar Capital.
Speaker 10: Every word the President says, the market makes a move
Speaker 10: right and it seems to want to discount any potential
Speaker 10: negativity towards the positive uptrend. So to me, this market
Speaker 10: is basically discounting nothing negative and is extremely optimistic.
Speaker 2: Miramar Capitals Max Wasserman. The SMP five hundred had fallen
Speaker 2: almost eight percent since the war. Meanwhile, West Texas intermediate
Speaker 2: oil prices climbed fifty one percent in March, and checking
Speaker 2: crude this morning, it's pulling back a bit, with WTI
Speaker 2: crewed down about two and a half percent at ninety
Speaker 2: six dollars fifty eight cents per barrel, while Brent is
Speaker 2: down one point one percent at ninety eight dollars twenty
Speaker 2: seven cents.
Speaker 3: And Nathan, we are seeing more effects of the war.
Speaker 3: The International Energy Agency says global oil demand will decline
Speaker 3: this year for the first time since the twenty twenty pandemic.
Speaker 3: The IEA says the war has triggered the biggest supply
Speaker 3: disruption in history because oil flows through the Persian Gulfs
Speaker 3: Strait of Horror moves have been choked off. And in
Speaker 3: company news, we've got shares of American Airlines up more
Speaker 3: than four percent here in early trading, sources tell Bloomberg.
Speaker 3: United Airlines CEO Scott Kirby has floated a possible combination
Speaker 3: with American Airlines. A combination of United and American would
Speaker 3: create the largest airline and post serious antitrust concerns, It
Speaker 3: would likely face significant backlash from consumers, politicians, and rival
Speaker 3: US airlines.
Speaker 2: Yeah, we're also watching shares of global Star this morning.
Speaker 2: Alexus there more than fifteen percent. Bloomberg News has learned
Speaker 2: Amazons in advanced talks to acquire the satellite operator as
Speaker 2: it builds out its low Earth orbit network in a
Speaker 2: bid to compete with Elon Musk's SpaceX. It's fast growing
Speaker 2: Starlink unit has more than ten million active customers in
Speaker 2: about ten thousand satellites in orbit.
Speaker 6: Time.
Speaker 3: Now for a look at some of the other stories
Speaker 3: making news in New York and around the world. For that,
Speaker 3: we're joined by Bloomberg's John Tucker.
Speaker 5: Good Morning, John, Good morning of LIKESUS.
Speaker 9: Members of a congressional panel Laura sent to meet with
Speaker 9: Pentagon officials tonight. They'll discuss the Trump administration's request a
Speaker 9: supercharged military spending. The Office of Management and Budget has
Speaker 9: asked that three hundred and fifty billion dollars go through
Speaker 9: the budget reconciliation process, which allows the Senate to bypass
Speaker 9: the filibuster. The federal government has agreed the Rainbow Pride
Speaker 9: flag can fly at the Stonewall National Monument in Manhattan.
Speaker 9: That story from Bloomberg's Charlie Pellett.
Speaker 5: It's a course reversal after removing the flag. In February,
Speaker 5: the government revealed the decision in court papers as it
Speaker 5: agreed to settle a lawsuit filed by LGBTQ Plus and
Speaker 5: historic preservation groups, who had sought to block the removal.
Speaker 5: Lawyers for the government and the groups wrote in a
Speaker 5: joint court filing that the Interior Department and National Park
Speaker 5: Service have confirmed their intention to maintain a Pride flag
Speaker 5: at Stonewall in New York. Charlie Pellett, Bloomberg Radio.
Speaker 9: And prosecutors have filed attempt at murder and other criminal
Speaker 9: child arches against a man for allegedly throwing a Maltov
Speaker 9: cocktail at the home of OpenAI chief executive officer Sam Altman.
Speaker 9: No one was injured in the attack. Canadian Prime Minister
Speaker 9: Mark Carney secured a majority government after his Liberal Party
Speaker 9: won three key special elections. It gives his administration the
Speaker 9: ability to push ahead faster with an economic agenda centered
Speaker 9: on expanding energy exports and reducing Canada's reliance on the US.
Speaker 9: The twenty twenty six Rock and Roll Hall of Fame
Speaker 9: inductees have been announced in among them, Phil Collins, Billy Idol,
Speaker 9: Iron Maiden an Oasis is going to be Collins's second
Speaker 9: induction into the Hall of Fame. He's previously inducted in
Speaker 9: twenty ten as a member of Genesis Global News twenty
Speaker 9: four hours a day, whenever you wanted with Bloomberg News. Now,
Speaker 9: I'm John Tucker. This is Bloomberg Alexis.
Speaker 3: Thanks John, time out for our Bloomberg Sports update, and
Speaker 3: for that you bring in John stash hour.
Speaker 11: A wild baseball game in New York, a game where
Speaker 11: Mike Out, Trent Grisham, and Aaron Judge all homer twice.
Speaker 11: The Yankees scored three runs in the bottom of the
Speaker 11: night the even beat the Angels eleven to ten. They
Speaker 11: held the WNBA draft, and the Dallas Wings, with the
Speaker 11: first pick overall, took Yukon guard Asy Fudd. UCLA, who
Speaker 11: just won the National Championship, saw five players get drafted
Speaker 11: in the first round. The NBA play in games beginning
Speaker 11: tonight with Miami at Charlotte, Portland at Phoenix. That's your
Speaker 11: Bloomberg Sport update.
Speaker 2: Stay with us. More from Bloomberg Daybreak coming up after this.
Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Serious Exam
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business out. This is Bloomberg Daybreak.
Speaker 2: Good morning on Nathan Hager. Markets and the world are
Speaker 2: holding out for the prospect of a second round of
Speaker 2: talks between the US and Iran, even with a blockade
Speaker 2: aimed at Tehran's oil exports under way. President Trump says
Speaker 2: his goal is clear, we can't.
Speaker 8: Let a country blackmail or extort the world, because that's
Speaker 8: what they're doing. They're really blackmailing the world. We're not
Speaker 8: going to let that happen.
Speaker 2: And that was President Trump at the White House yesterday.
Speaker 2: Joining us this morning from Dubai is Bloomberg Middle East
Speaker 2: correspondent Jumana Bressecci, the anchor of Bloomberg Horizons. Jumana, what
Speaker 2: is the prospect of our second round of negotiations as
Speaker 2: the Strait of Horror moves apparently is under blockade?
Speaker 12: Good morning, Yeah, good morning. Well, there is plenty of
Speaker 12: reporting overnight suggesting that there has been good momentum or
Speaker 12: progress towards moving to a second round of negotiations, even
Speaker 12: our own colleagues at Bloomberger saying that we have heard
Speaker 12: from various sources that there is appetite to do another
Speaker 12: round of talks. And of course you have to remember
Speaker 12: that the clock is ticking because the seasfire does, in
Speaker 12: theory expire on April twenty first, So the idea would
Speaker 12: be to have another round of talks before the seasfire
Speaker 12: comes to an end. President Trump himself yesterday said that
Speaker 12: he'd received a call from the Iranians, from the right people,
Speaker 12: he said, and he cited them as one thing to
Speaker 12: make a deal. We also heard from the Iranian president
Speaker 12: overnight who said that they are willing to continue with
Speaker 12: negotiations so long as it's done within a quote unquote
Speaker 12: international framework. So yes, there's definitely momentum. Whether again this
Speaker 12: time the two sides can meet with the view of
Speaker 12: actually achieving a breakthrough because they still seem to be
Speaker 12: pretty far apart from the last round of negotiations is
Speaker 12: up for debate, but certainly it comes as a relief
Speaker 12: I would say to the region, to the world that
Speaker 12: there is positive momentum on the diplomatic channel.
Speaker 2: We did see the breakdown of talks in Islam about
Speaker 2: over the weekend, led by Vice President JD. Vancy was
Speaker 2: on Fox News last night talking about the prospect of
Speaker 2: another round. What is our sense of where the two
Speaker 2: sides stand now in terms of what they are looking
Speaker 2: for from each other.
Speaker 12: Yeah, well, you remember when we were discussing a couple
Speaker 12: of weeks ago about the various proposals that the US
Speaker 12: for putting forward the ten point proposal versus the fifteen
Speaker 12: point proposal, on how far part the two were. I
Speaker 12: think now what we can say is it's been condensed
Speaker 12: to a matter of a couple of topics, and those topics,
Speaker 12: from what we understand from our reporting, from our sourcing,
Speaker 12: really boiled down to the strait, which is why the
Speaker 12: President Trump introduced their own version of a blockade yesterday
Speaker 12: in the late hours of the afternoon. So far seems
Speaker 12: to be uneventful. And the second point is again the
Speaker 12: very nexus of all of this, which is Iran's nuclear ambitions.
Speaker 12: And I just to refer back to Jed Evans because
Speaker 12: you got it to now. The day he left Islamabad,
Speaker 12: he said quite clearly that they did not receive sufficient
Speaker 12: assurances from Iran that not only would they not go
Speaker 12: on to develop a nuclear bomb, that they don't have
Speaker 12: the ambition to do so, but also that they would
Speaker 12: relinquish the tools that would allow them to develop a
Speaker 12: nuclear bomb. So it's not just about the ambition, but
Speaker 12: it's also the tools as well.
Speaker 7: I e.
Speaker 12: There's centrifuges, and of course that four hundred kilo plus
Speaker 12: pile of enriched uranium that there's on So you have
Speaker 12: to imagine that from the US's perspective, if they want
Speaker 12: to get this deal over the line, there has to
Speaker 12: be some form of retrieving that enriched softfill, alongside assurances
Speaker 12: from Iran that they will keep their enrichment at low
Speaker 12: levels or at no levels, and in return, Iran are
Speaker 12: going to be pushing very aggressively for a win that
Speaker 12: they can present back home, which would probably include sanctions
Speaker 12: for relief.
Speaker 3: This is Bloomberg Daybreak, your morning podcast on the stories
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