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

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Speaker 2: Good morning, I'm Nathan Hager 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: Karen, we begin with the latest on the war with Iran.

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Speaker 3: There is little let up to strikes between Iran and Israel,

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Speaker 3: even as President Trump says talks to end the war

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Speaker 3: are ongoing.

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Speaker 4: We settled eight wars, people so to forget, and we're

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Speaker 4: winning another one. I tell you, We're winning so big.

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Speaker 4: Nobody has ever seen anything like we're doing in the

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Speaker 4: Middle East with Iran, and they are negotiating, by the way.

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Speaker 3: The President spoke at a meeting last night with Congressional Republicans,

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Speaker 3: but the Iranians are not confirming that. As we hear

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Speaker 3: from Bloomberg'sjumana Bersecchi in.

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Speaker 5: Dubai, there has been no signing on to direct negotiations

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Speaker 5: and even indirect negotiations. As of now, a meeting or

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Speaker 5: a potential summit between the two sides has not been confirmed.

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Speaker 5: There are plenty of reports earlier in the world Week

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Speaker 5: suggesting that maybe Pakistan would be looking to host something

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Speaker 5: along those lines, but that is not being confirmed either

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Speaker 5: by the White House nor by Iran, and the messaging

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Speaker 5: from Iran that has come through over the last twenty

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Speaker 5: four hours is that they remains afiance and they are

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Speaker 5: not in the mood to compromise.

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Speaker 3: Bloomberg's John Everssetti reports Iran is laying out its own demands,

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Speaker 3: according to state run Press TV. They include guarantees against

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Speaker 3: future attacks, payments for war damages, and recognition of Iran's

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Speaker 3: authority over the Strait of Horror moves. CNN is reporting

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Speaker 3: that Vice President jd Vance could head to Pakistan this

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Speaker 3: weekend for talks, but the White House says it's a

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Speaker 3: fluid situation.

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Speaker 5: Well.

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Speaker 2: Nathan oil on the rise once again. Right now, nimexcrude

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Speaker 2: oil is up more than three and a half percent

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Speaker 2: and ninety three dollars fifty six cents a barrel. Brent

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Speaker 2: is up more than three percent at one hundred and

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Speaker 2: five dollars sixty seven cents, and Bloomberg Strategic Energy Team

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Speaker 2: BNEF says the price of a Brent crewed could top

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Speaker 2: one hundred and fifty four dollars a barrel if the

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Speaker 2: Straight of Worror moves remains closed until mid June. David Ehrensberger,

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Speaker 2: as the President of Global Energy at SMP.

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Speaker 6: He says things could get worse from here.

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Speaker 7: The markets that consume this energy, who depend on the

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Speaker 7: Strait to be open, they're only feeling the late arrivals

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Speaker 7: or the no arrivals of the energy that should be

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Speaker 7: coming their way right about now, and that's going to

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Speaker 7: build up over the next five or ten days. In

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Speaker 7: a sense, the pipeline that's on the water from the

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Speaker 7: Middle East of the world is going to start running empty.

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Speaker 2: Nsmp's David Ernsberger. Oil prices have jumped since the start

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Speaker 2: of the war. Brncrude is up almost forty percent, while

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Speaker 2: West Texas Intermediate has risen about thirty percent, and.

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Speaker 3: As oil rises, karen get ready to pay more for

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Speaker 3: airline fares. Tickets on major routes connecting Asia and Europe

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Speaker 3: have surged up to five hundred and sixty percent this

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Speaker 3: month and are likely to stay elevated through the summer

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Speaker 3: and into fall. Demand is already starting to soften due

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Speaker 3: to travel uncertainty and higher fares. Syrium says summer bookings

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Speaker 3: from Europe to the US are down fifteen percent from

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Speaker 3: a year earlier, while traffic in the opposite directions fallen

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Speaker 3: ill eleven percent well Nathan.

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Speaker 2: The US Postal Service plans to raise prices to offset

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Speaker 2: rising transportation expenses, including the.

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Speaker 6: Cost of fuel.

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Speaker 2: The USPS will increase prices by eight percent on some packages,

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Speaker 2: including priority mail and parcels select offerings until mid January

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Speaker 2: of next year.

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Speaker 3: And after a delay due to the war with Iron Karen.

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Speaker 3: President Trump is set to hold his summit with Chinese

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Speaker 3: leader shi Jinping in Beijing on May.

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Speaker 6: Fourteenth and fifteenth.

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Speaker 3: We get more from Bloomberg Zamie Morris in Washington.

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Speaker 6: President Trump will meet with Shi Jinping on May fourteenth

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Speaker 6: and fifteenth in Beijing, and White House Press Secretary Caroline

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Speaker 6: Lovit announced she will also visit Washington.

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Speaker 8: First Lady Milania and President Trump will also host President

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Speaker 8: she and Madam Ping for a reciprocal visit in Washington,

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Speaker 8: d C.

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Speaker 6: At a later date to be announced. This year, the

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Speaker 6: rescheduled meeting in China will pose a fresh test of

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Speaker 6: how comfortable President Trump and Hijinping are with the status

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Speaker 6: quo on trade, US support for Taiwan, and the fallout

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Speaker 6: for the US strikes on Iran that spurred a spike

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Speaker 6: in oil prices in Washington. Amy Moore as Bloomberg Radio.

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Speaker 2: Amy thank you. As the War with the Iron drags on,

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Speaker 2: so does the shutdown at the Department of Homeland Security

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Speaker 2: that's led to long lines at airport security. This morning,

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Speaker 2: Senate Republicans have rejected Democrats' the latest offer to end

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Speaker 2: the standoff over immigration enforcement. North Dakota Republican Kevin Kramer

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Speaker 2: says his side is getting frustrated.

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Speaker 9: I don't know how they can get a better deal.

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Speaker 9: We've given them a lot. Donald Trump has given them

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Speaker 9: a lot. It's clear that TSA agents should be being paid,

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Speaker 9: and there's absolutely no reason in the world for them

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Speaker 9: to be against this deal.

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Speaker 2: And that's Republican Senator Kevin Kramer. Democrats have not revealed

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Speaker 2: their latest demands, but in the past they've called for

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Speaker 2: enhanced training for ICE agents, body cameras, mass removal, and

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Speaker 2: judicial warrants sent a majority. Leader John Soon says he's

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Speaker 2: considering bringing in senators through the weekend or cutting back

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Speaker 2: the upcoming Eastern break to get the funding issue you resolved.

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Speaker 3: Well, let's get you the latest now, Karen. On that

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Speaker 3: deadly plane crash in New York Slaguardia Airport, all but

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Speaker 3: four of the passengers who were hurt in the collision

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Speaker 3: between the Air Canada Express plane and a fire truck

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Speaker 3: have now been released from the hospital. That plane for

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Speaker 3: Montreal was carrying seventy six people. The two pilots were killed.

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Speaker 3: Roughly forty others were treated at hospitals for injuries and.

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Speaker 2: The programming note, Nathan. Markets may close on Fridays, but

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Speaker 2: the world does not, and that's why we're bringing you

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Speaker 2: a new live radio and TV show, Bloomberg This Weekend

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Speaker 2: is looking beyond the daily headline, so the bigger themes

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Speaker 2: driving politics, business and culture. Joined David Gura, Christina Raffini,

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Speaker 2: and Lisa Matteo for smart conversations and in depth interviews

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Speaker 2: that helped make sense of the week that's been and

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Speaker 2: what comes next. Get Bloomberg This Weekend live Saturdays and

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Speaker 2: Sundays from seven am Eastern on Bloomberg Radio, TV and

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Speaker 2: the Bloomberg Business App. Time now for look at some

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Speaker 2: of the other stories making news in New York and

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Speaker 2: around the world, and for that we're joined by Bloomberg's

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Speaker 2: Monica Rick Smonica good morning.

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Speaker 10: Hey, Good morning Karen. Former Venezuela and President Nicholas Maduro

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Speaker 10: will be back in court today in New York to

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Speaker 10: try to convince a federal judge to dismiss his Narco

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Speaker 10: terrorism case. His lawyer claims that the US government is

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Speaker 10: interfering and violating Maduro's constitutional right to defend himself. He's

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Speaker 10: been behind bars in Brooklyn and his wife as well

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Speaker 10: since getting captured by the US and Venezuela in January.

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Speaker 10: The Justice Department has settled a lawsuit with Michael Flynn

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Speaker 10: for one point two five million dollars. He was national

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Speaker 10: security advisor to President Trump during his first term and

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Speaker 10: pleaded guilty to line to the FBI during its Russia investigation.

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Speaker 10: Flynn was later pardoned and sued for malicious prosecution. New

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Speaker 10: York Congresswoman Alexandro Cassio Cortes and Vermont Senator Bernie Sanders

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Speaker 10: have unveiled new legislation aimed at pausing construction on new

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Speaker 10: data centers in the US until national safeguards are in place.

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Speaker 11: Artificial intelligence and robotics will impact our economy, our democracy,

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Speaker 11: our privacy rights, and even our very survival on this planet.

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Speaker 10: Data centers have faced a lot of backlash over fears

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Speaker 10: about rising electricity prices, and of course pollution, and a

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Speaker 10: jury has found Meta and Google libel for harming a

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Speaker 10: young user with products designed to be addictive. A twenty

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Speaker 10: year old was awarded six million dollars in damages yesterday

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Speaker 10: in Los Angeles, but Meta spokesperson Ashley Nicole Davis says

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Speaker 10: they plan to appeal. We respectfully disagree with the verdict

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Speaker 10: and will appeal.

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Speaker 2: Team mental health is profoundly complex and cannot be linked

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Speaker 2: to a single app.

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Speaker 10: This is the first of thousands of product liabil ill

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Speaker 10: liability lawsuits that could lead to more federal regulations. Global

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Speaker 10: News twenty four hours a day and whenever you want

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Speaker 10: it with Bloomberg News.

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Speaker 6: Now. I'm Monica Rix, and this is Bloomberg.

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Speaker 12: Thanks Monica.

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Speaker 2: Time now for our Bloomberg Sports update, and for that

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Speaker 2: we bring in John stash Hour.

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Speaker 12: Gals Garrett first baseball game of the season won by

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Speaker 12: the Yankees seven to nothing in San Francisco behind the

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Speaker 12: pitching of Max Freed. Eleven openers today, nine of them.

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Speaker 12: In the afternoon, NBA saw the Celtics and Oklahoma City's

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Speaker 12: twelve game winning streak, and in Denver's win over Dallas,

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Speaker 12: Jamal Murray scored fifty three points Dakola Jokic at twenty

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Speaker 12: three points, twenty one rebounds and nineteen assists. The NCAA

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Speaker 12: Tournament is back tonight. The doubleheader in San Jose starts

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Speaker 12: with Purdue against Texas, and it's Arizona and Arkansas. In Houston,

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Speaker 12: Nebraska plays Iowa and Houston plays Illinois. That's youa Bloomberg

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Speaker 12: Sports update.

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Speaker 6: Stay with us.

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Speaker 3: More from Bloomberg Daybreak coming up after.

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Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business out.

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Speaker 6: This is Bloomberg Daybreak.

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Speaker 3: Good morning on Nathan Hager. On day twenty seven of

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Speaker 3: the war where Iran, the fighting continues, even as the

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Speaker 3: White House insists peace talks are under way. Press Secretary

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Speaker 3: Caroline Levitt says Ian window of opportunity is running out.

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Speaker 8: President Trump, that is not bluff and he is prepared

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Speaker 8: to unleash hell. Iran should not miscalculate again.

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Speaker 3: Press Secretary Caroline Lovit at the White House. We're joined

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Speaker 3: this morning once again from Dubai by Bloomberg Middle East

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Speaker 3: correspondent Jumana Perssecci, the anchor of Bloomberg horizons.

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Speaker 6: Jamana, Good morning.

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Speaker 3: There is some question, isn't there about whether talks are happening,

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Speaker 3: who's doing it, what the parameters are, what's our latest

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Speaker 3: sense of where things stand now?

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Speaker 5: Good morning, Yeah, the latest sense that we get is

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Speaker 5: there are not scheduled talks to happen in the next

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Speaker 5: few days. There had been many outlets reporting about the

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Speaker 5: possibility of an in person meeting taking place and as

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Speaker 5: I'm about are in Pakistan over the course of this weekend.

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Speaker 5: That is not being confirmed by the White House. It

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Speaker 5: has also not been confirmed by Iran, who have maintained

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Speaker 5: this very defiant stance and actually yesterday came out with

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Speaker 5: a statement on their own press TV suggesting that the

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Speaker 5: terms that the US had put forward to the war

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Speaker 5: were not acceptable to them, and in turn asking and

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Speaker 5: stipulating what they would need to see in order to

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Speaker 5: return back to the negotiating table. And some of those

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Speaker 5: terms are really maximalist. And here I'm talking about their

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Speaker 5: ability to retain sovereignty over ships and vessels passing through

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Speaker 5: the Strait of Hormos. They're asking the US for reparations

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Speaker 5: over war damage, and they're asking for guarantees that the

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Speaker 5: US will never attack Iran again, and so the two

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Speaker 5: starting points for any basis for diplomatic discussions is still

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Speaker 5: very very far apart, and there's a lot of skepticism

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Speaker 5: here that the two sides can actually come together in

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Speaker 5: the next few days to move forward with these discussions.

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Speaker 3: Might be less than the next few days might have

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Speaker 3: since President Trump set that five day window to avoid

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Speaker 3: going after Run's power supply that runs out tomorrow, doesn't it.

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Speaker 5: That's correct, and it really just raises the the possibility

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Speaker 5: of further military action. And we've been reporting over the

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Speaker 5: last couple of days that there are these marine expeditionary

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Speaker 5: units that are making their way over to the region.

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Speaker 5: Our understanding is that the first batch will arrive in

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Speaker 5: the coming days, and Iran have said that they're watching

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Speaker 5: the progress of the ground movements very very closely. Yesterday,

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Speaker 5: the Speaker of the Parliament, mister Galibov, who has been

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Speaker 5: very vocal on social media, warned that if the US

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Speaker 5: followed through on their plan to take over carg Island,

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Speaker 5: as has been reported by some outlets, then they would

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Speaker 5: not hold back and retaliating once again against civilian infrastructure

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Speaker 5: on any country in the Gulf that is seen to

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Speaker 5: be helping the United States. So the threats and the

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Speaker 5: rhetoric are still coming through, and as you say, we're

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Speaker 5: getting closer and closer to that five day deadline, which

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Speaker 5: coincides with roughly middle of the night and the Middle

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Speaker 5: East tomorrow.

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Speaker 3: Just thirty seconds left, youmana, But what's the risk at

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Speaker 3: this point of other Golf Arab states joining in the conflict.

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Speaker 5: Look, their resolve is hardening, but I think the bar

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Speaker 5: from military involvement is still very high from officials and

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Speaker 5: key officials that I've spoken to myself. Yes, they have

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Speaker 5: kicked out at a chase, they have closed down some

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Speaker 5: Iranian headquarters hospitals like in the calase of the UAE,

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Speaker 5: but the bar for them to actually join in on

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Speaker 5: military action I think is quite high. That being said,

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Speaker 5: there is a lot of reporting suggesting that they are

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Speaker 5: allowing the US to use some of their air bases,

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Speaker 5: like in the situation of Saudi Arabia.

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