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

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Speaker 2: Good morning.

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Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 3: stories we're following today.

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Speaker 2: Karen, we begin with the latest on the war in Ukraine.

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Speaker 2: President Trump says he will speak to Russia's President, Vladimir

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Speaker 2: Putin tomorrow. The talks come as European nations rush to

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Speaker 2: bolster their support for Kiev. Trump spoke to reporters on

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Speaker 2: Air Force one.

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Speaker 4: Help me speaking to President Putin on Tuesday. A lot

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Speaker 4: of a lot of worksmen done over the weekend. I

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Speaker 4: want to see if we can bring that war to

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Speaker 4: an end. Maybe we can, maybe we can't, but I

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Speaker 4: think we have a murger chance.

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Speaker 2: President Trump says his discussions with Russia's president will focus

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Speaker 2: on territory, power plants and dividing up certain assets.

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Speaker 3: On Nathan, oil is on the rise this morning. It's

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Speaker 3: trading at sixty seven dollars seventy seven cents of barrel.

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Speaker 3: Brent is at seventy one. That says Defense Secretary Pete

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Speaker 3: Haigseth Warrens of unrelenting strikes on Hoo they militants and

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Speaker 3: Yemen until the group stops attacking ships in the Red Sea.

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Speaker 3: President Trump ordered a new wave of air strikes over

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Speaker 3: the weekend. Hag Seth says, sends a clear message.

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Speaker 5: President said it in his truth.

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Speaker 6: Your support of.

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Speaker 7: The Hoothies needs to hend end immediately.

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Speaker 6: We will hold you.

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Speaker 7: Accountable as the sponsor of this proxy, and I echo

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Speaker 7: his statement, we will not be nice about it. This

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Speaker 7: is not the Biden administration. The message is clear. We

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Speaker 7: will come after the Houthis until they stop shooting in

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Speaker 7: our ships, and the Iranians better stay out of it.

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Speaker 3: Defense Secretary Pete Haigseth also tells Fox News that strikes

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Speaker 3: are a warning to Iran, which backs the Hoothies.

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Speaker 2: And over the weekend, Karen, the Trump administration set it

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Speaker 2: arrested and expelled hundreds of alleged Venezuelan gang members. The

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Speaker 2: US is paying El Salvador to hold them, despite a

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Speaker 2: federal judge ordering a fourteen day hold on some deportations.

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Speaker 2: President Trump defended the move last night on Air Force One.

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Speaker 1: Andrew, when you.

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Speaker 4: Look at him, when you look at them, the crimes

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Speaker 4: and they have committed to take a look. You don't

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Speaker 4: get any counfer, you don't get worse than that. You

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Speaker 4: understand that would you'd have to ask theyers.

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Speaker 2: Now, the President moved to accelerate deportations under seldom used

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Speaker 2: powers in the Alien Enemies Act of seventeen ninety eight.

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Speaker 2: The federal judge ordered any deportation flights carried out under

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Speaker 2: Trump's order to be returned mid flight, but the White

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Speaker 2: House says this flight did not conflict with that ruling

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Speaker 2: because it had already left the country.

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Speaker 3: Well, Nathan, President Trump maybe opening the door to new

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Speaker 3: investigations at the committee that investigated the January sixth attack

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Speaker 3: on the US Capitol. In a truth social post overnight,

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Speaker 3: the President declared former President Joe Biden's pardons for the

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Speaker 3: committee members Voyd, because he says Biden signed them with

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Speaker 3: an auto pen. Still, the President admits the move might

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Speaker 3: face legal action, but my decision that'll.

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Speaker 4: Be up to accord. But I would say that, Danella,

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Speaker 4: because I'm sure Biden have any idea that it was

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Speaker 4: taking place.

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Speaker 3: The President spoke on board Air Force one last night.

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Speaker 3: Pardon power has long been considered one of the most

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Speaker 3: absolute powers a president has. Last year, a federal appeals

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Speaker 3: court found a pardon doesn't even have to be in writing.

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Speaker 2: Certain of markets. Now, Karen futures are lower to start

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Speaker 2: a new trading week. Despite Friday's rally on Wall Street,

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Speaker 2: the S and P five hundred has now dropped for

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Speaker 2: four straight weeks. Treasury Secretary Scott Besson's he says he's

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Speaker 2: not concerned about the recent market downturn.

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Speaker 8: I'm not worried about the markets over the long term.

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Speaker 8: If we put good text policy in place, deregulation and

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Speaker 8: energy security, the markets will do break.

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Speaker 2: Treasury Secretary Scott Besson says corrections are healthy and normal.

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Speaker 2: He spoke on NBC's Meet the Press, which can be

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Speaker 2: heard Sundays on Bloomberg Radio.

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Speaker 3: Well Nathan. All three major indexes hit six month lows

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Speaker 3: during the last trading week. Matt Mayley, Chief market strategistic

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Speaker 3: miller Taybac believes stocks are heading even lower.

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Speaker 9: I do think that the the correction we've seen so

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Speaker 9: far probably has further to run. I mean, we call

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Speaker 9: for a correction at the very beginning of the year

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Speaker 9: and saying we thought it would be something a deep

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Speaker 9: one in the fifteen to twenty percent range. And we

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Speaker 9: have to remember right now is what's going on with

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Speaker 9: these tariffs and what's going on with the DOGE Committee.

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Speaker 9: I mean that's certainly having a big impact in terms

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Speaker 9: of uncertainty.

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Speaker 3: Miller Tabacx mad Maine. Thanks the S and P, five

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Speaker 3: hundred may fall as low as five thousand, about ten

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Speaker 3: percent lower than current levels in Asia.

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Speaker 2: Karen consumption, investment, and industrial production in China all exceeded

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Speaker 2: estimates to start the year. Retail sales increased four percent

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Speaker 2: in the first two months from a year earlier, industrial

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Speaker 2: output rows five point nine percent. Growth in fixed asset

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Speaker 2: investment picked up to four point one percent. Economists say

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Speaker 2: the data point to resilience for a Chinese economy that

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Speaker 2: is still in need of more stimulus as US tariffs

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Speaker 2: threaten growth well.

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Speaker 3: Nathan Warren Buffett is bullish on Japan. His Berkshire Hathaway

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Speaker 3: is increasing its stake in Japan's biggest trading houses, which

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Speaker 3: include Mitsubishi and Sumitomo. Last month, Buffett told shareholders and

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Speaker 3: his annual letter that Berkshire was looking to increase ownership

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Speaker 3: in the trading houses and back.

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Speaker 2: Here in the US, Karen fashion retailer Forever twenty one

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Speaker 2: is filing for bankruptcy. The brand once attracted droves of

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Speaker 2: young women and girls to shop for cheap, trendy clothing.

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Speaker 2: This is Forever twenty one's second stint with bankruptcy. At

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Speaker 2: its height, it had more than five hundred locations in

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Speaker 2: the US. It's down to about three hundred and fifty now.

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Speaker 3: Finally, Nathan, those two astronauts who have been stuck in

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Speaker 3: this space since this summer maybe home as early as

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Speaker 3: tomorrow night. SpaceX's Dragon capsule successfully docked at the International

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Speaker 3: Space Station last night. The vessel carried a new crew,

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Speaker 3: allowing marooned astronauts Butch Wilmore and Sonny Williams to return

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Speaker 3: home after around ten months. One member of the arriving crew,

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Speaker 3: ten said the journey ran smoothly. Kurw Ten has had

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Speaker 3: a great journey up here, about twenty eight hours to

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Speaker 3: get back up to the space station. And I cannot

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Speaker 3: tell you the immense joy of our crew when we

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Speaker 3: looked out the window and we saw the space station.

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Speaker 3: The two stranded astronauts who board a capsule already docked

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Speaker 3: at the station and head back to Earth after a

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Speaker 3: roughly two day handover period. Time Now for a look

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Speaker 3: at some of the other stories making news in New

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Speaker 3: York and around the world, and for that were joined

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Speaker 3: by Bloomberg's Michael Barr Michael, Good Morning.

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Speaker 10: Good Morning Karen. A dynamic storm spawned tornadoes, dust storms,

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Speaker 10: and wildfires that killed more than three dozen people in

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Speaker 10: the South and Midwest. Hundreds of homes and businesses were destroyed.

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Speaker 10: Mississippi Governor Tate Reeves.

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Speaker 6: Weather prognosticators indicated a tough weekend. Unfortunately they were accurate.

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Speaker 10: In Alabama, Anita Owen's mother died when a twister tore

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Speaker 10: up her mobile home in Plantersville early Sunday morning.

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Speaker 11: To be honest, you wouldn't think just a wind and

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Speaker 11: tornadoes would do this much devastation, but my mom. They

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Speaker 11: actually founded around four o'clock this morning, about three hundred

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Speaker 11: and fifty yards that way.

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Speaker 10: The weather system is moving east, with forecasters warning of

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Speaker 10: dangerous winds from Florida to New Jersey today, while heavy

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Speaker 10: rain hits New York and New England. More protests were

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Speaker 10: held over the weekend after Columbia grad student Mackmoud Khalil

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Speaker 10: was taken into custody and is being held in the

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Speaker 10: state of Louisiana. Secretary of Saint Marco Rubio says more

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Speaker 10: student visas and green cards will be revoked as the

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Speaker 10: federal government makes the case to remove Khalil, the Columbia

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Speaker 10: University grad students. Attorney Brad Parker says the only basis

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Speaker 10: for the removal action is the determination solely by the

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Speaker 10: Secretary of State.

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Speaker 8: That's it.

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Speaker 9: There's no criminal charges, there's no unlawful activity that's even

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Speaker 9: alleged by the government.

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Speaker 10: At this point, Attorney Brad Parker says they are challenging

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Speaker 10: the basis for his detention, insisting again that he does

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Speaker 10: not support Hamas Saint Patrick's Day is being marked in

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Speaker 10: cities across the country with boisterous parades and celebrations. New

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Speaker 10: York City host one of the largest and oldest parades

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Speaker 10: in the US. It steps off later this morning along

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Speaker 10: Manhattan's Fifth Avenue with about one hundred and fifty thousand

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Speaker 10: participants and two million spectators. Expected Global news twenty four

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Speaker 10: hours a day and whenever with Bloomberg News. Now. I'm

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Speaker 10: Michael Barr, and this is Bloomberg Karen.

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Speaker 3: All right, Michael Barr, thank you time now for the

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Speaker 3: Bloomberg Sports Update, brought to you by Tri State Houdie.

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Speaker 3: Here's John stash Hour. John, Good morning, Good morning, Karen.

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Speaker 5: Thirty eight years ago, Rick Patino coached Providence to the

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Speaker 5: NCAA Final Four. Patino is now heading to Providence, where

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Speaker 5: Thursday night he'll coach Saint John's in its first round

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Speaker 5: game against Omaha.

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Speaker 10: In first I have to study Omaha.

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Speaker 12: I don't know much about them.

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Speaker 5: They probably don't know a whole lot about us.

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Speaker 6: But we'll study them, they'll study us, and we'll see

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Speaker 6: who comes out on top.

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Speaker 5: Comments made on sn why Patino taking a record six

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Speaker 5: different school to the NCAA's The Red Storm the two

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Speaker 5: seed in the West after thirty wins Big East regular

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Speaker 5: season and tourney champs. The one seeds are Duke, Houston,

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Speaker 5: Florida and Auburn, who's still got the top overall seed

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Speaker 5: despite three losses in the last four games. At the Garden,

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Speaker 5: Edmonton's Victor Arvidson scored six minutes into the third period.

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Speaker 5: Connor McDavid add an empty dender. Oilers beat the Rangers

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Speaker 5: three to one at Islanders at Ubs four to two

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Speaker 5: win over Florida. The Nets of Barkley's beat Atlanta one

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Speaker 5: twenty two to one. Fourteen Lakers ended the four game

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Speaker 5: losing streak. They beat Phoenix Luther Gonsis scored thirty three.

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Speaker 5: The players Championship not over yet. Rory McIlroy started yesterday

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Speaker 5: four shots behind, then led by two, finished tied with

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Speaker 5: JJ Spahn, and because they had had a weather delay,

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Speaker 5: they couldn't play the three hole aggregate playoff.

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Speaker 10: They'll do that this morning.

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Speaker 5: Nattle Roy and Spawn are close in age, but Spawn

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Speaker 5: has one career victory, Rory has forty two.

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Speaker 12: I'd like to think that I can fall back on

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Speaker 12: my experience and maybe have a little bit more than JJ.

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Speaker 12: But then at the same time, tomorrow is all just

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Speaker 12: about execution, and I'm getting up there and, as I said,

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Speaker 12: making five good swings.

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Speaker 5: Tannis said Indian Wells. The Canadian Jack Draper won the

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Speaker 5: men's single, seventeen year old Russian Mira Andreva the women's.

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Speaker 5: The Yankees were going to start Clark Schmidt yesterday got

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Speaker 5: scratched for the sore shoulder of the Yanks. We're running

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Speaker 5: out of healthy starting pitchers already with the injuries to

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Speaker 5: Garrett Cole and Luis Heel. John stashiew Are Bloomberg Spoint.

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Speaker 1: Coast to Coast on Bloomberg Radio, nationwide, on Sirius Exam

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

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. President Donald Trump says he

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Speaker 2: will have a lot to discuss with Russian President Vladimir

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Speaker 2: Putin when he speaks with him tomorrow about the prospect

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Speaker 2: for a ceasefire with Ukraine.

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Speaker 4: Will be talking about land, We'll be talking about power plaids.

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Speaker 4: That's a it's a big question, but I think we

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Speaker 4: have a lot of it already discussed.

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Speaker 2: President Trump's spoke with reporters of bard Air Force one

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Speaker 2: last night. Joining us this morning is Bloomberg News Senior

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Speaker 2: editor Bill Ferries and Bill. One thing we did not

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Speaker 2: hear the President say he plans to discuss with Russias

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Speaker 2: Vladimir Putin is security guarantees for Ukraine. How significant is that?

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Speaker 6: Good morning, Good morning, Nathan. Well, that's from Ukraine's perspective

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Speaker 6: and from the perspective of most of US's traditional European allies.

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Speaker 6: That's the big question. Donald Trump saying he will speak

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Speaker 6: with Vladimir Putin on Tuesday, and European allies have been

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Speaker 6: kind of scrambling to present something to Trump that would

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Speaker 6: perhaps get his buy in for a security guarantee. This

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Speaker 6: is all This process has obviously been moving very quickly,

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Speaker 6: and there's a lot of questions, a lot of angst,

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Speaker 6: I think in European capitals about what President Trump might

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Speaker 6: promise or agree to on that call when European allies

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Speaker 6: and the Ukrainian government itself are not also taking part

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Speaker 6: in the negotiation.

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Speaker 2: And certainly there's been a question about what kind of

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Speaker 2: concessions the President might try to extract from Vladimir Putin.

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Speaker 2: Have we gotten a sense of whether he plans to

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Speaker 2: go that far to try to get any concessions from

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Speaker 2: the Russian side.

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Speaker 6: He made some vague comments about the situation on the ground,

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Speaker 6: how the territory has shifted hands and there will be

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Speaker 6: some dividing up of a territory, he suggested, but no

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Speaker 6: one has any kind of specific details. We do know

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Speaker 6: that Vladimir Putin has pushed back on the idea of

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Speaker 6: an immediate ceasefire. He wants more guarantees that Ukraine will

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Speaker 6: be a neutral country, that there will not be NATO

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Speaker 6: troops based in the country during or after a ceasefire agreement,

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Speaker 6: and just he basically wants to see what he says

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Speaker 6: is a threat that prompted his invasion to be removed.

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Speaker 6: That's basically in complete conflict with what particularly Kiev and

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Speaker 6: European powers are trying to organ now.

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Speaker 2: And while we see this extended push for a quick

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Speaker 2: ceasefire in the Russia Ukraine conflict, we're seeing this new

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Speaker 2: operation that the president has ordered against the Houthy militants

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Speaker 2: in Yemen. Could this be an extended campaign against this

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Speaker 2: group that's really been going after Red Sea shipping for

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Speaker 2: quite some time.

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Speaker 6: Yeah, they've been going after the Red Sea shipping basically

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Speaker 6: since Israel counterattacked against Hamas in Gaza. Defense Secretary Pete

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Speaker 6: Hegseth saying on Fox News on Sunday that this is

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Speaker 6: going to be an unrelenting campaign against the Huti rebels

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Speaker 6: until they stop firing at civilian and military vessels in

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Speaker 6: the Red Sea's We've already seen the Huti's saying that

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Speaker 6: they are not going to back down. That they claim

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Speaker 6: to have made separate attacks on the USS Harry S.

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Speaker 6: Truman aircraft carrier in the last twenty four hours. It's

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Speaker 6: a very divided fight. You've got major military power in

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Speaker 6: the US trying to go after a smaller more mobile

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Speaker 6: rebel group essentially that is very hard to target. In

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Speaker 6: the past, the US has had a hard time finding

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Speaker 6: enough targets and Yemen to hit. So we'll have to

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Speaker 6: see how this plays out. But it does sound like

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Speaker 6: the administration is in this for the longer haul.

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Speaker 2: I mean, how could this play out for the ceasefire?

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Speaker 2: That's really a tenuous situation between Israel and Hamas.

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Speaker 6: It is. What the Uti rebels are saying is that

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Speaker 6: they basically have restarted their attacks in the Red Sea

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Speaker 6: because Israel has blocked the delivery of aid shipments into Gaza.

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Speaker 6: If there could be a breakthrough perhaps in the Israel

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Speaker 6: Hamas disagreement over aid flows and the return of hostages

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Speaker 6: and other parts of that conflict, the Hutis are suggesting

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Speaker 6: that they would stop their attacks on the Red Sea,

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Speaker 6: but of course no ships have been going through there. Really,

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Speaker 6: by and large, it's a big risk for a global

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Speaker 6: trade and until there's a longer term piece think it's

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Speaker 6: going to be hard to see the Suez and the

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Speaker 6: Red Sea being used again.

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Speaker 2: Apart from all these geopolitical developments, Bill, we got this

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Speaker 2: pretty remarkable truth social post from the President overnight declaring

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Speaker 2: former President Joe Biden's pardons for the January sixth Committee

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Speaker 2: void and vacant. Can he do that?

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Speaker 6: There's really no precedent for that. He's saying that these

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Speaker 6: pardons are void because he believes that Joe Biden used

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Speaker 6: an auto pen to sign the pardons. That's something we've

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Speaker 6: that's an argument we've seen previously from the Heritage Foundation. Obviously,

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Speaker 6: if first of all, nobody knows if an autopen was

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Speaker 6: used or not. Judges have ruled in the past that

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Speaker 6: you don't need to have a written pardon for a

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Speaker 6: pardon to be effective. But more broadly, if auto pens

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Speaker 6: weren't allowed, there would be a whole lot of legislation

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Speaker 6: and every letter from Congress back to a constituent that

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Speaker 6: would be void. It's just a widely used tool. I

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Speaker 6: think this is probably going to be seen as a distraction,

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Speaker 6: but Donald Trump, if he has the Justice Department behind it,

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Speaker 6: may try to pursue this claim.

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