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

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Speaker 1: Doug Prisner. Chinese state media reports the US government has

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Speaker 1: reached out to Beijing through various channels to initiate talks

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Speaker 1: on trade now. President Trump has said that Chinese President

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Speaker 1: Chi Jinping needs to contact him to begin these discussions. However,

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Speaker 1: reporting from the Chinese state broadcaster CCTV suggests that China

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Speaker 1: doesn't need to talk to the US until the US

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Speaker 1: takes meaningful measures. Meantime, President Trump did acknowledge his tariff

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Speaker 1: program has a perception problem. He said that he has

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Speaker 1: potential deals with South Korea, Japan, and India, but the

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Speaker 1: president added he would not rush into deals to appease

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Speaker 1: nervous investors. Here is Trump speaking at a News Nation

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Speaker 1: town hall.

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Speaker 2: Well, we have potential deals with them. Yeah, but I'm

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Speaker 2: in okay, I'll tell you this. I'm in less of

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Speaker 2: a hurry than you are. We are sitting on the

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Speaker 2: catbird seat. They want us, we don't need them.

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Speaker 1: That is President and Trump speaking at a News Nation

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Speaker 1: town hall. Meantime, US Trade rep. Jamison Greer told Fox

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Speaker 1: News tonight the US was nearing a trade announcement on

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Speaker 1: the first tranche of trade deals. The US and Ukraine

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Speaker 1: have reached a deal over access to Ukraine's natural resources.

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Speaker 1: The US will now be given privileged access to new

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Speaker 1: investment projects to develop things like aluminum, graphite, oil, and

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Speaker 1: natural gas. Here is US Treasury Secretary Scott Bessant.

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Speaker 3: Today's agreement signals clearly to Russian leadership that the Trump

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Speaker 3: administration is committed to a peace process centered on a free,

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Speaker 3: sovereign and prosperous Ukraine over the long term. It's time

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Speaker 3: for this cruel and senseless war to end.

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Speaker 1: That is US Treasury Secretary Scott Bessant. Now, the agreement

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Speaker 1: is seen as critical to nurturing President Trump's goodwill toward

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Speaker 1: Kiev in ceasefire talks with Russia. The Bank of Japan

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Speaker 1: has kept its policy rated fifty bases points now. This

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Speaker 1: decision was unanimous and widely expected by markets. The bet

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Speaker 1: was that boj Governor Uweita would not raise rates given

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Speaker 1: the uncertainty stemming from those US tariffs. It's been a

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Speaker 1: busy day for corporate earnings After the bell, Microsoft reported

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Speaker 1: better than expected sales and profit. Total revenue increased thirteen

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Speaker 1: percent to seventy point one billion dollars an adjusted profit

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Speaker 1: was three dollars forty six cents a share, twenty five

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Speaker 1: cents above projections. Here is Microsoft CEO Sakya Aadella.

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Speaker 4: We just want to make sure we're building accounting for

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Speaker 4: the latest and greatest sort of information we have on

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Speaker 4: all of that, and that's what you see reflected. And

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Speaker 4: I feel very very good about the payment.

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Speaker 1: That is Microsoft CEO sut Yatadella speaking there. Shares of

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Speaker 1: Microsoft were up by more than six percent in late trading.

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Speaker 1: We also heard from Meta Platforms the company posted first

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Speaker 1: quarter sales above estimates. This could be a sign that

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Speaker 1: Meta ad business is so far weathering the global trade war.

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Speaker 1: Here is Meta CEO Mark Zuckerberg.

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Speaker 5: We've had a strong start to the year. Our community

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Speaker 5: keeps growing, with more than three point four billion people

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Speaker 5: now using at least one of our apps each day.

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Speaker 5: Our business is also performing very well, and I think

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Speaker 5: we're well positioned to navigate the macroeconomic uncertainty.

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Speaker 1: That is Meta CEO Mark Zuckerberg. Shares and Meta were

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Speaker 1: up more than five percent in late US trading. Board

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Speaker 1: members at Tesla reportedly reached out to several executive search

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Speaker 1: firms a month ago to work on finding a new CEO.

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Speaker 1: The Wall Street Journal reports on tensions at Tesla, where

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Speaker 1: sales and profits were deteriorating rapidly while CEO Elon Musk

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Speaker 1: was spending much of his time in Washington, and around

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Speaker 1: that time, the board told Musk he needed to spend

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Speaker 1: more time on Tesla and he needed to say so publicly.

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Speaker 1: So when earnings were announced, Musk said he would be

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Speaker 1: allocating far more of his time to Tesla. Now, the

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Speaker 1: Journal reports the current status of this succession planning could

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Speaker 1: not be determined. And that is news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Doug Krisner, and this is

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Speaker 1: Bloomberg