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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 US China relations.

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Speaker 2: President Donald Trump is planning to toughen Biden era controls

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Speaker 2: over China's tech sector. Bloomberg News has learned the White

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Speaker 2: House is sketching out more restrictive semiconductor curbs and it

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Speaker 2: is pressuring key allies to escalate their own restrictions on China.

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Speaker 2: We get more from Bloomberg's to mackenzie.

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Speaker 4: As the existing platform that's already there that the Biden

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Speaker 4: administration built, and they're looking to tighten that up, which

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Speaker 4: for example, is working with the US partners like the

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Speaker 4: Dutch and the Japanese. And we know officials from the

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Speaker 4: Trump administration have been out to the Netherlands and to Japan,

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Speaker 4: particularly Tokyo Electron in Japan and ASML in the Netherlands

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Speaker 4: to put pressure on both those countries to try and

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Speaker 4: limit the access that engineers from those companies have to

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Speaker 4: the Chinese markets. To continue to work on the macheans

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Speaker 4: and the kit that is already in situ in China.

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Speaker 2: Bloomberg, Tom mackenzie says some Trump officials are also looking

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Speaker 2: to further restrict the types of Nvidia chips that can

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Speaker 2: be exported to China without a license.

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Speaker 3: Well, Nathan, China is not the only country in the

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Speaker 3: crosshairs of Trump. Is heard right here on Bloomberg Radio,

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Speaker 3: the president said tariffs on imports from Mexico and Canada

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Speaker 3: are on track to take effect on March fourth.

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Speaker 5: The tariffs are going forward on time, on schedule. This

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Speaker 5: is an abuse that took place for many, many years.

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Speaker 5: And I'm not even blaming the other countries that did this.

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Speaker 5: I blame our leadership for allowing it to happen. I mean,

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Speaker 5: you know who can blame them if they made these

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Speaker 5: great deals with the United States took advantage of the

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Speaker 5: United States.

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Speaker 3: Trump also said he wants to revive Canada's Excel oil pipeline.

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Speaker 3: The project, which was meant to carry Canadian oil sands

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Speaker 3: crew to Nebraska, became a litmus test for environmentalism under

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Speaker 3: former President Obama, who rejected it in twenty fifteen. It's

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Speaker 3: been subject to political jockeying ever since, and.

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Speaker 2: Karen President Trump appears to be breaking even further with

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Speaker 2: US allies on the war in Ukraine. At the UN

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Speaker 2: General Assembly, the US joined with Russia in voting against

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Speaker 2: a European resolution calling out Moscow's full scale invasion. Russia

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Speaker 2: later back to US resolution calling for a swift end

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Speaker 2: to the conflict without assigning blame. Meanwhile, President Trump says

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Speaker 2: Ukrainian President Vladimir Zelensky could come to Washington as soon

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Speaker 2: as this week to sign a deal on critical minerals.

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Speaker 5: The deals being worked on, I think getting very close

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Speaker 5: to getting an agreement where where we get our money

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Speaker 5: back over a period of time, but it also gives

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Speaker 5: us something where I think is very beneficial to their economy.

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Speaker 2: President Trump spoke alongside French President Emmanuel Macron at the

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Speaker 2: White House. Macrone says Europe would be willing to send

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Speaker 2: peacekeepers into Ukraine after a piece is negotiated. Trump is

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Speaker 2: signaling he would support that well.

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Speaker 6: Nathan.

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Speaker 3: Former Treasury Secretary Lawrence Summers is denouncing the Trump administration's

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Speaker 3: pressure on Ukraine over its natural resources. Summers spoke with

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Speaker 3: David Weston on Bloomberg's Wall Street Week.

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Speaker 6: What the Trump administration seems to be proposion, and to

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Speaker 6: be fair, we have not seen all the details is

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Speaker 6: Versai a Versailles like agreement imposed not on aggressors, but

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Speaker 6: imposed on the victims of aggression.

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Speaker 3: Bloomberg contributor Larry Summers was referring to the post World

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Speaker 3: War One Treaty of Versailles, which imposed strict financial and

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Speaker 3: other penalties on Germany.

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Speaker 2: Well Karen. Confusion reigns among federal government workers on whether

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Speaker 2: to respond to a threatening email from Elon Musk. Let's

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Speaker 2: get the latest from Bloomberg's John Tucker John, Good.

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Speaker 7: Morning, Nathan. The deadline was just before at midnight. Musk

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Speaker 7: demanded that federal employees explain their recent accomplishments or risk

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Speaker 7: getting fired. Now must says federal workers are going to

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Speaker 7: be given a second opportunity to respond, But the federal

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Speaker 7: agency that sent the email says it's up to agency leadership,

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Speaker 7: not Musk. What happens those who ignore the message. Everett Kelly,

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Speaker 7: the national President of the American Federation of Government Employees,

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Speaker 7: takes a pretty dim view of the tactics used by Musk.

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Speaker 5: They want to confuse the workforce.

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Speaker 8: They want to put fear in the minds of the

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Speaker 8: workforce that they'll just quit.

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Speaker 7: At least three agencies including the Justice Department, the State Department,

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Speaker 7: and the Department of Defense, told their employees not to

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Speaker 7: respond to musk directive, but other agencies sent the opposite message.

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Speaker 7: Musk's escalating threats come as President Trump has urged him

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Speaker 7: to be even more aggressive. I'm John Tucker, Bloomberg Radio.

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Speaker 3: All right, John, thank you. Meanwhile, Bloomberg News has learned

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Speaker 3: Musk SpaceX is seeking to deploy Starlink satellite internet terminals

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Speaker 3: to help upgrade the Federal Aviation Administrations and National Airspace System.

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Speaker 3: The effort raisis questions about conflicts of interest for a

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Speaker 3: Musk business empire, the future of a two billion dollar

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Speaker 3: contract awarded in twenty twenty three to Verizon Communications.

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Speaker 2: We got some political news outside Washington, Karen. Former New

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Speaker 2: York Governor Andrew Cuomo is reportedly on the verge of

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Speaker 2: running for mayor of New York City. The New York

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Speaker 2: Times is reporting Cuomo may announce his candidacy as soon

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Speaker 2: as this weekend. Cuomo resigned from office in twenty twenty

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Speaker 2: one over sexual misconduct claims. Cuomo denied the allegations.

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Speaker 3: Well, I in turning to the markets, futures, they're lower

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Speaker 3: this morning falling a mostly down day on Wall Street,

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Speaker 3: and Bank of America says trading clients are remaining on

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Speaker 3: the sidelines because of uncertainty about the Trump administration. Jim

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Speaker 3: Demari lead's Bank of America's Global Markets division and spoke

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Speaker 3: with The Bloomberg on the sidelines of the bank's investor

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Speaker 3: summit in Dubai.

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Speaker 9: Clients are doing a little bit less today than they were,

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Speaker 9: let's say, when we were coming into the beginning of

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Speaker 9: the year, and certainly where we were ending the fourth

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Speaker 9: quarter of last year. One of the most common areas

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Speaker 9: of interest and opportunity as people were thinking about potential

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Speaker 9: for increasing tariffs was what markets would be impacted the most.

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Speaker 3: And despite his skepticism, Bank of Americas Jim Damari expects

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Speaker 3: it'll likely be a good quarter for his firm's traders,

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Speaker 3: who hauled in record revenue last year.

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Speaker 2: In Europe, Careen, there's a change at the top of Unilever.

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Speaker 2: Chief executive officer Hein Schumacher is stepping down in a

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Speaker 2: surprise move after less than two years in charge of

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Speaker 2: the consumer goods business, the maker of Dove soap and

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Speaker 2: Ben and Jerry's ice cream. Says Schumacher, will be replaced

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Speaker 2: by Fernando Fernandez, who's currently the company's chief financial officer.

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Speaker 3: And it's time to offer look at some of the

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Speaker 3: their stories making news in New York and around the world.

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Speaker 3: And for that we're joined by Bloomberg's Michael Barr Michael,

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Speaker 3: Good Morning, Good.

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Speaker 8: Morning, Karen. New York Mayor Eric Adams made it official

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Speaker 8: a midtown Manhattan hotel that became the city's main intake

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Speaker 8: center for migrants will be closing soon.

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Speaker 10: The Roosevelt Hotel, which has served as both our asylum

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Speaker 10: arrivals center in a humanitarian emergency response and relief center

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Speaker 10: for nearly two years, would be closing in the coming months.

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Speaker 8: Mayor Adams says for the last seven months, new arrivals

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Speaker 8: have declined and therefore the Roosevelt that House migrants will

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Speaker 8: be winding down its operations. Former tech entrepreneur Vivik Ramaswami

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Speaker 8: announced he is running for governor of Ohio in twenty

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Speaker 8: twenty six. At an event in Cincinnati, Ramaswami said he

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Speaker 8: believes the Trump administration will bring positive change to the country.

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Speaker 8: I'm now more optimistic than I have ever been for

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Speaker 8: the future of our country.

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Speaker 2: We're in the cusp of a new golden age in

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Speaker 2: America right now.

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Speaker 8: Ramaswami ran for the Republican presidential nomination last year, coming

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Speaker 8: in foroth in the Iowa Caucuses before dropping out of

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Speaker 8: the race. More than one hundred corrections officers are on

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Speaker 8: strike at New York State's Coke Stackey Correctional Facility. Corrections

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Speaker 8: officers been striking or picketing at about thirty prisons across

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Speaker 8: the state in the past week, calling for a heightened

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Speaker 8: security and a reversal of limits on solidarity confinement. Republican

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Speaker 8: Assemblyman Chris Tay gave his support of the strikers. It's

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Speaker 8: not just the CEOs. You're talking about.

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Speaker 7: The inmates as well.

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Speaker 9: There are serious safety concerns on both sides.

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Speaker 1: And without these people in there doing their job, we

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Speaker 1: got a very big problem on our hand.

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Speaker 8: The strikes are not authorized by the Corrections Officers Union,

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Speaker 8: and New York Governor Kathy Hokl announced legal action against

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Speaker 8: the strikers. Thousands of people have gathered in Saint Peter's

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Speaker 8: Square to pray for nailing Pope Frances, hoping for his recovery.

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Speaker 8: The eighty eight year old Francis has pneumonia in both

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Speaker 8: lungs and remains in critical condition, despite showing a slight

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Speaker 8: improvement after eleven days in the hospital. And finally we've

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Speaker 8: lost Grammy winning singer ROBERTA Flock killing.

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Speaker 4: Wes killing we sal Flack, who gave us killing me

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Speaker 4: Softly with his song the first Time.

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Speaker 8: I ever saw your face and other hits died Monday,

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Speaker 8: roberta Flock. It was eighty eight Global news twenty four

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Speaker 8: hours a day and whenever you want it with Bloomberg News. Now,

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Speaker 8: I'm Michael Barn. This is Bloomberg.

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Speaker 1: Hearn.

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Speaker 3: Yeah, that sound cuts right into my soul. Michael Barr,

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Speaker 3: Thank you so much. It's thank you, Michael Barr. And

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Speaker 3: it's time now for the Bloomberg Sports Update. Rocky you

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Speaker 3: by try state Outie. Here's John stash Hour, John, good morning.

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Speaker 1: Morning, Karen Sean, and I emerged last season as the

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Speaker 1: mets best starting pitcher on twelve games. ERA was three

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Speaker 1: and a half. That's why the Mets re signed him

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Speaker 1: for three years seventy five million. With the left hander

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Speaker 1: as an oblique strain on his right side and who

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Speaker 1: was delivered yesterday in Fort Saint Lucy by Mets manager

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Speaker 1: Carlos Mendoza.

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Speaker 9: This was something that he felt from the beginning of

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Speaker 9: camp and didn't think much of it.

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Speaker 8: None of us think he was much of it either,

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Speaker 8: But he kept throwing live in bullpens.

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Speaker 9: But he got to a point where we thought was

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Speaker 9: going to turn the corner, and that wasn't the cave.

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Speaker 8: We sent him for MRI yesterday, which you know, showed.

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Speaker 1: The strain and I will have to heal and get

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Speaker 1: amped up. He almost certainly started the season on the

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Speaker 1: injured list, and Frankie Montas to the Mets on his

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Speaker 1: free agent as appled even longer with a last strain.

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Speaker 1: Jose Quintana, who pitched well for the Mets last season,

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Speaker 1: remains an unsigned free agent, but where it is, the

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Speaker 1: Mets do not want to add any payroll. The Nets

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Speaker 1: went to Washington having won seven in the last nine.

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Speaker 1: They did lose earlier this month to the lowly Wizards,

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Speaker 1: and they lost to them again one on seven ninety

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Speaker 1: nine is the Wizard's tenth win of the season, first

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Speaker 1: time all year they held an opponent under one hundred

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Speaker 1: points in La. Tonight it's the Lakers and mass Luka

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Speaker 1: Doncich plays his old team at ubas only the second

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Speaker 1: meeting this season between the Rangers and Islanders, both on

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Speaker 1: the outside looking in for a playoff spot. The new

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Speaker 1: College Basketball Poll has Auburn number one and Saint John's

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Speaker 1: number seven, highest ranking for the Red Storm since nineteen

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Speaker 1: ninety one. Kansas began the year number one had been

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Speaker 1: ranked eighty weeks in a row. Of the Jayoffs are

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Speaker 1: now out of the top twenty five. The Green Bay

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Speaker 1: Packers are the team leading the charge to the NFL

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Speaker 1: Competition Committee asking for the end of the Tush Push,

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Speaker 1: the play perfected by the Super Bowl champion Philadelphia Eagles.

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Speaker 1: John Stashewer Bloomberg Sports Karen Nathan Coast to Coast on

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Speaker 1: Bloomberg Radio, nationwide on Sirius Exam, and around the world

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Speaker 1: on Bloomberg dot Com and the Bloomberg Business app. This

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Speaker 1: is Bloomberg Daybreak.

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Speaker 8: Good morning.

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Speaker 2: I'm Nathan Hager. President Donald Trump is pressing ahead with

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Speaker 2: plans to bring the war in Ukraine to a quick end.

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Speaker 2: He says he could meet with Ukrainian President Vladimir Zelensky

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Speaker 2: as soon as this week to finalize a critical minerals deal.

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Speaker 5: I will be meeting with presidents of Linskin. In fact,

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Speaker 5: he may come in this week or next week to

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Speaker 5: sign the agreement, and which should be nice. I'd love

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Speaker 5: to him what meete at the Oval Office.

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Speaker 2: The President spoke there at the Oval Office alongside French

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Speaker 2: President Emmanuel Macrome. But there are more signs the President

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Speaker 2: could be looking to do these deals with or without

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Speaker 2: European allied backing for more were joined by doctor Lindsay Newman,

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Speaker 2: geopolitical risk analyst and columnist at G zero Media. Lindsay,

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Speaker 2: it's good to speak with you once again. I wonder

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Speaker 2: what you make of the latest moves that we're seeing

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Speaker 2: from President Trump, particularly with this focus on critical minerals

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Speaker 2: and these votes at the United Nations where US and

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Speaker 2: Russia are aligning with each other for the first time

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Speaker 2: since the war broke out.

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Speaker 11: Good morning, Hi, Nathan morning, Thanks for having me back

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Speaker 11: on Yes. Trump has said yesterday that he now thinks

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Speaker 11: that his greatest legacy may be as a peacemaker and unifier.

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Speaker 11: Think about that as we think of how far we

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Speaker 11: have come. You know, we're just a little bit more

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Speaker 11: than a month into this Trump two point zero administration.

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Speaker 11: It's an administration that's obviously wasted no time on executing

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Speaker 11: on his agenda. But the biggest geopolitical story of the

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Speaker 11: week has to be what began unfolding last week with

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Speaker 11: those meetings of the US delegation with the Russian delegation

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Speaker 11: in Saudi, and as you say, sort of spilled over

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Speaker 11: very publicly yesterday on the third anniversary of the conflict

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Speaker 11: with those competing UN resolutions. It can't be understated. So

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Speaker 11: we had earlier in the day General Assembly resolution which

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Speaker 11: was Ukraine sponsored, and the US voted against the resolution

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Speaker 11: because it merely included this phrasing of noting the full

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Speaker 11: scale invasion of Ukraine by the Russian Federation. So the

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Speaker 11: US voted against that and was joined by some company

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Speaker 11: it usually doesn't keep Russia and North Korea. And then

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Speaker 11: later in the day, the UN Security Council passed a

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Speaker 11: US led resolution which was very short im about Russia's

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Speaker 11: involvement in initiating the war. This was really the first

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Speaker 11: UN Security Council resolution passed since the conflict, because Russia

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Speaker 11: has vetoed all prior attempts. And again there the US

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Speaker 11: sided with Russia and China. So we're seeing this gulf

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Speaker 11: open up between the US and its European allies. It

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Speaker 11: has riled Europe these stunning developments, and unfortunately for French

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Speaker 11: President Emmanuel Macrone, he was in the sort of unenviable

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Speaker 11: position yesterday of visiting the White House on the same

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Speaker 11: day that France had abstained from supporting the US UN

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Speaker 11: Security Council resolution.

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Speaker 2: Is this a full scale pivot or is it just

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Speaker 2: a gap between the US and Europe that can still

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Speaker 2: be bridged, you.

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Speaker 11: Know, I think that is the big question, because we

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Speaker 11: see in the press conference yesterday between President Trump and Macron,

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Speaker 11: it's very collegial, it's very friendly. It's hearkening back to

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Speaker 11: the US, you know, to the French role in supporting

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Speaker 11: US during its own revolution. But then what you also

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Speaker 11: see is a very different lens between the two sides,

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Speaker 11: between how the US is looking at the war and

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Speaker 11: bringing an end to the war in Ukraine and how

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Speaker 11: Europe is for Europe. From Macrone, it's all about security guarantees.

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Speaker 11: I think I counted he said the word the phrase

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Speaker 11: security guarantees seven times yesterday in the press conference. For Trump,

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Speaker 11: it's about breaking from foreign policy of the past. He

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Speaker 11: was very clear about that, and he sees this about

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Speaker 11: ending the war as soon as possible to prevent a

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Speaker 11: World War three. But really the key point that's very

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Speaker 11: interesting that we're they're watching developed is he's looking to

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Speaker 11: recoup US funding through this critical minerals deal with Ukraine,

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Speaker 11: and he's even talking about perhaps re establishing ties with Russia,

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Speaker 11: and Russia, for its part, seems open to it. Putin

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Speaker 11: in an interview yesterday said, hey, we have critical minerals

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Speaker 11: as well, perhaps more than Ukraine. We're willing to help

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Speaker 11: you develop those deposits. So for Trump, as always, this

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Speaker 11: is very transactional. This is about how do we bring

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Speaker 11: an end to this war and what can the US

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Speaker 11: and the Trump administration get out of it. For Europe,

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Speaker 11: it's saying, hey, this is existential. This is about security

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Speaker 11: guarantees and are and the inviolability of European borders.

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Speaker 2: In our last minute, lindsay, I'll put this in the

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Speaker 2: context of the continued pressure that we're seeing for President

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Speaker 2: Trump when it comes to tariff saying that tariffs on

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Speaker 2: Canada and Mexico are still on tracks, still talking about

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Speaker 2: reciprocal tariffs, and now continuing to apply pressure on China

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Speaker 2: when it comes to CHIP access.

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Speaker 3: Yeah.

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Speaker 11: Absolutely, So there's been some big pronouncements over the last

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Speaker 11: couple of days, including this National Security Presidential Memorandum, which

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Speaker 11: we be looking at very closely because it's really the

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Speaker 11: first big tenant piece from this administration on China. But

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Speaker 11: as you say, Trump administration has put in policy, it's

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Speaker 11: put in place its trade policy, it makes clear that

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Speaker 11: it's going to go after allies and adversaries alike. And

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Speaker 11: you know, so this is about not just a China

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Speaker 11: story anymore. This is about looking at the global landscape

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Speaker 11: and seeing how can the US best position itself under

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Speaker 11: Donald Trump for its economic future.

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