Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow.
Speaker 3: Here are the stories we're following today.
Speaker 2: Karen, we begin with the Oval Office feud that drew
Speaker 2: global attention and concern from American allies. Ukrainian President Vladimir
Speaker 2: Zelenski left the White House without a minerals deal Friday.
Speaker 2: After that public clash with President Trump and Vice President
Speaker 2: j d Vance, Zelenski expressed doubt about Trump's efforts to
Speaker 2: negotiate with Russia. Trump accused Zelensky of disrespecting the US
Speaker 2: Director of National Intelligence. Tulci Gabbert told Fox News Sunday,
Speaker 2: mending ties with Zelensky won't be easy.
Speaker 4: There's going to have to be a rebuilding of any
Speaker 4: kind of interest in good faith negotiations. I think before
Speaker 4: President Trump is going to be willing to re engage
Speaker 4: on this.
Speaker 2: Those comments from Tulci Gabbert, heard here on Bloomberg Radio,
Speaker 2: were echoed by Secretary of State Marco Rubio, so he
Speaker 2: says Zelenski needs to come to the realization that America.
Speaker 5: Is trying to help.
Speaker 2: Responding to a question from the BBC in London, President
Speaker 2: Zelensky said he is willing to meet President Trump again
Speaker 2: if invited.
Speaker 5: Perhaps there is a need thenlyst certain things, but I
Speaker 5: would but just one Ukraine.
Speaker 2: Head speaking through an interpreter there, President Zelenski added Ukraine
Speaker 2: is ready to sign the natural resources deal that was
Speaker 2: put on hold last week.
Speaker 3: Well over the weekend, Nathan, UK Prime Minister, kir Starmer
Speaker 3: and other European leaders used a security summit in London
Speaker 3: to demonstrate broad support for Ukraine, but behind the scenes
Speaker 3: they were pushing to get Vladimir Zelensky back to the
Speaker 3: table with President Trump. Speaking after the summit, Starmer said
Speaker 3: that uk and France are now working on a plan
Speaker 3: to secure Ukraine after any US brokers ceasefire.
Speaker 6: It's time to act, time to step up and lead
Speaker 6: and to unite around a new plan for a just
Speaker 6: an enduring piece and here.
Speaker 3: Starmer's comments came as French President Emanuel mccrun said the
Speaker 3: two leaders are working on a plan to secure a
Speaker 3: one month truce in Ukraine. In an interview with Le
Speaker 3: Figaro newspaper, Macron said the potential truce would include ground
Speaker 3: and maritime operations, as well as energy infrastructure.
Speaker 2: Also happening in geopolitics, Karen, President Trump will soon place
Speaker 2: twenty five percent tariffs on most imports from Canada and
Speaker 2: Mexico and double an existing ten percent levy on China.
Speaker 2: Those new tariffs are due to kick in tomorrow. Commerce
Speaker 2: Secretary Howard Lutnik tells Fox News President Trump could yet
Speaker 2: change his mind on Mexico and Canada.
Speaker 7: He's sort of thinking about right now how exactly he
Speaker 7: wants to play it with Mexico and Canada, and that
Speaker 7: is a fluid situation. There are going to be tariffs
Speaker 7: on Tuesday on Mexico and Canada. Exactly what they are,
Speaker 7: We're going to leave that for the President and his
Speaker 7: team to negotiate.
Speaker 2: Commerce Secretary Letnik says how Canada and Mexico have done
Speaker 2: a lot to address issues like immigration and drug trafficking.
Speaker 3: Meanwhile, in DC, Nathan, this promises to be a busy
Speaker 3: week in the US capital, especially tomorrow, and Bloomberg's Amy
Speaker 3: Morris has more from Washington.
Speaker 4: The Supreme Court is expected to hear arguments over gun
Speaker 4: violence liability. The Mexican government is suing for billions of
Speaker 4: dollars in damages and changes to American firearms regulation. But
Speaker 4: Tuesday night, President Trump will address a joint session of Congress. Technically,
Speaker 4: it won't be a State of the Union because Trump
Speaker 4: wasn't president last year. Listen out for results on the
Speaker 4: government efficiency efforts in effect for the past several weeks,
Speaker 4: and a potential government shutdown is now just two weeks away.
Speaker 4: In Washington. Amy Moore as Bloomberg Radio.
Speaker 3: All right, Amy, thank you, and you can hear President
Speaker 3: Trump's remarks to Congress with a special edition of Bloomberg
Speaker 3: Balance of Power starting tomorrow at eight pm Wall Street
Speaker 3: Time here on Bloomberg Radio and on the Bloomberg Podcast
Speaker 3: page on YouTube.
Speaker 2: Well Karen, Crypto recouped some of its losses from last
Speaker 2: week with a Sunday post from President Trump. Let's get
Speaker 2: more on what the President had to say from Bloomberg's
Speaker 2: John Tucker Come Morning.
Speaker 8: John Goring Nathan Trump once again talked up his plan
Speaker 8: for a strategic crypto reserve, a truth social The President
Speaker 8: said his January Executive Order on Crypto directed the Presidential
Speaker 8: Working Grypto move forward on a crypto strategic reserve that
Speaker 8: includes more tokens like soul, XRP, and Ada. Trump also
Speaker 8: said bitcoin and ether would be included. In the reserve,
Speaker 8: helping those coins recover some of last week's seep declines.
Speaker 8: A lot of the details of the president's plan are unknown,
Speaker 8: including how much the government will actually buy and how
Speaker 8: the purchases would be funded. The Bloomberg Galaxy Crypto index
Speaker 8: that sank twenty eight percent in February, its worst month
Speaker 8: since the crypto winter of twenty twenty two. Bitcoin this
Speaker 8: morning down two and a half percent, just over ninety
Speaker 8: one thousand dollars in New York Times, John Tucker, Bloomberg Radio, All.
Speaker 3: Right, John, thank you well. Andrew Cuomo has made it official.
Speaker 3: He's running for mayor of New York City. We get
Speaker 3: more now from Bloomberg's Kimberly Adams.
Speaker 9: The former three term governor of New New York who
Speaker 9: resigned in twenty twenty one amid multiple allegations of sexual harassment,
Speaker 9: joined an already crowded field of challengers buying to unseed
Speaker 9: incumbent Mayor Eric Adams ahead of the June twenty fourth
Speaker 9: Democratic primary.
Speaker 10: I know what needs to be done, and I know
Speaker 10: how to do it, and I will give it my
Speaker 10: all to get the job done, and it will get done.
Speaker 9: Quomo's decision to run, rumored for more than a year,
Speaker 9: up ends the race to lead the biggest US city.
Speaker 9: Several polls have shown him leading the field, which includes
Speaker 9: Adams City Comptroller Brad Lander, former comptroller Scott Stringer, and
Speaker 9: former hedge fund manager Whitney Tilson. In New York, Kimberley Adams,
Speaker 9: Bloomberg Radio.
Speaker 2: All Right, Kim, thank you me Weill. In the Middle East,
Speaker 2: Israel says it is blocking all humanitarian aid into Gaza
Speaker 2: after the first stage of the ceasefire with Hamas expired
Speaker 2: early yesterday. Hamas has rejected a US led proposal to
Speaker 2: extend the truce till the middle of next month. Saudi
Speaker 2: Arabia and Egypt are both criticizing Israel. They say aide
Speaker 2: should not be used for quote collect punishment lover.
Speaker 3: In Europe, Nathan former Barclay's chief Jess Staley, will begin
Speaker 3: a legal showdown today over his friendship with sex offender
Speaker 3: Jeffrey Epstein and Bloomberg's t you Are at a Baio as.
Speaker 11: More, Staley will go to court to challenge a lifetime
Speaker 11: ban from the UK finance industry and findings that he
Speaker 11: recklessly misled regulators about his links to Epstein. It will
Speaker 11: be the former CEO's first public testimony about the event
Speaker 11: since his resignation in twenty twenty one. Up to this point,
Speaker 11: Staley has maintained he cut direct contact with the financier
Speaker 11: before taking his post. Witnesses who could be called include
Speaker 11: some of the sector's most eminent figures. Bank of England
Speaker 11: Governor Andrew Bailey and Barclay's chairman Nigel Higgins in London,
Speaker 11: tea at a Baio Bloomberg Radio.
Speaker 5: Ni Tiwa, thank you. We've got some news from space.
Speaker 5: This morning.
Speaker 2: Firefly Aerospace has successfully landed its first robotic spacecraft on
Speaker 2: the Moon, marks the second time a commercial lander has
Speaker 2: pulled off. The feet is more comp but he's try
Speaker 2: to reach the lunar surface ahead of future human landings.
Speaker 2: Following the launch January fifteenth, Firefly's Blue Ghost Lander touchdown
Speaker 2: early yesterday morning. The spacecraft is carrying ten tools and
Speaker 2: experiments built by NASA, including a drill that will bury
Speaker 2: itself into the lunar soil to test the Moon's temperature.
Speaker 3: And Finally, Nathan and Nora has dominated the ninety seventh
Speaker 3: Academy Awards, winning five honors, including Best Picture. The film's
Speaker 3: star Mikey Madison took home a Best Leading Actress award
Speaker 3: and thanked Sean Baker, who won Best Director.
Speaker 9: This is a dream come true. I'm probably going to
Speaker 9: wake up tomorrow.
Speaker 11: Thank you so much, Sean.
Speaker 1: I adore you.
Speaker 3: And alongside Madison, Adrian Brody picked up his second career
Speaker 3: OSCAR for Best Leading Actor in The Brutalist. And for
Speaker 3: those streaming this ceremony, Disney's Hulu experienced technical difficulties, preventing
Speaker 3: tens of thousands of paying customers from accessing the service.
Speaker 3: The issue was resolved after about two hours. Time now
Speaker 3: for another look at some other stories making news in
Speaker 3: New York and around the world, and for that we're
Speaker 3: joined by Bloomberg's Michael Maher Michael, good Morning.
Speaker 6: Good Morning. Karen Moore on the Oscar, Zoe's Aldana won
Speaker 6: Best Supporting Actress, delivering a heartfelt speech thanking your family.
Speaker 1: I am the first American of Dominican origin to accept
Speaker 1: an Academy Warren.
Speaker 5: I know I will not be the last.
Speaker 6: Karen Coulkin won for Best Supporting Actor. During his acceptance speech,
Speaker 6: Coulkin said his wife promised they'd have a fourth child
Speaker 6: if you won an Oscar.
Speaker 4: She said, I will give you four when you win
Speaker 4: an Oscar.
Speaker 7: I held my.
Speaker 5: Hand out, she shook it, and I have not brought
Speaker 5: it up once until just now.
Speaker 6: The ceremony also honored the men and women who battled
Speaker 6: the recent Los Angeles wildfires. Morgan Freeman took the stage
Speaker 6: to introduce a in memoriam segment with a tribute to
Speaker 6: his friend, the late Gene Hackman. The ninety five year
Speaker 6: old two time Oscar winner and his wife were dead
Speaker 6: alongside one of their dogs at their Santa Fe home
Speaker 6: last week. Their bodies were found at least nine days
Speaker 6: after their depths. Based on Heckman's pacemaker activity, both tested
Speaker 6: negative of carbon monoxide poisoning, but medical toxicologist doctor Stephanie
Speaker 6: Whitmer says an autopsy will be needed to rule out
Speaker 6: carbon monoxide.
Speaker 12: The longer that time goes by without carbon monoxide being tested,
Speaker 12: the less likely it is to show up.
Speaker 5: It may have diffused out of the body.
Speaker 6: Emergency medicine physician doctor Stephanie Whitmer Cruise battled wildfires in
Speaker 6: North and South Carolina amid dry conditions and gusty winds
Speaker 6: as residents were forced to evacuate in some areas. In
Speaker 6: South Carolina, Governor Henry McMaster declared a state of emergency
Speaker 6: to support the response effort, and a statewide burning band
Speaker 6: remain in effect. This woman says, it has been a
Speaker 6: surreal experience.
Speaker 12: And then they get them under control, and then it
Speaker 12: starts up again. It just keeps going. They get them
Speaker 12: down the fires, but you see the smooke, and then
Speaker 12: within hours later it relights again.
Speaker 6: In North Carolina, evacuations for the town of try And
Speaker 6: remained in fact. Global news twenty four hours a day
Speaker 6: and whenever you want it with Bloomberg News. Now, I'm
Speaker 6: Michael Barr, and this is Bloomberg Carrot.
Speaker 3: All right, Michael Barr, thank you, and it's time now
Speaker 3: for the Bloombergy Sports Update, brought to you by Tri
Speaker 3: State Odie. Here's John Stashauer. John, Good morning, Hey.
Speaker 13: Good morning, John. What a weekend for the next Friday
Speaker 13: in Memphis, they trailed almost the whole game, came from
Speaker 13: twelve down, won by a point. Last night in Miami,
Speaker 13: they didn't take their first lead until there were three
Speaker 13: minutes to go in regulation and they had one point
Speaker 13: trailed by nineteen. The Knicks in heat went to overtime.
Speaker 14: They got a hurry to get it across from mid court,
Speaker 14: though he does with bridgets inside.
Speaker 3: He added over.
Speaker 14: Four point lead no timeouts for Miami. Heiro with ten
Speaker 14: spins away from heart.
Speaker 9: How the file has to.
Speaker 14: Launch kick it up three bound towns cluck wanting down
Speaker 14: Towns tribbles it out the next pull off their biggest
Speaker 14: come back fit of the season.
Speaker 13: On MSG won sixteen, won twelve the finals. Jalen Brunson
Speaker 13: scored thirty one points and Ojeonanoviy added twenty three, and
Speaker 13: the Knicks are now forty and twenty. Cleveland is fifty
Speaker 13: to ten. The cavs tenth straight win came from eighteen
Speaker 13: down beat Portland. That was also a ot battle of
Speaker 13: the NBA's last two champions. Celtics beat Denver one ten
Speaker 13: one oh three, Lakers beat the Clippers. Luca Downson scored
Speaker 13: twenty nine at the Gardener shut out for Jonathan Quick,
Speaker 13: Rangers blank Nashville four nothing, Devil's got shut out to nothing,
Speaker 13: lost in Vegas, and the Bruins were blank lost one
Speaker 13: nothing at Minnesota. The Washington Commanders this past season went
Speaker 13: from four wins to fourteen, and now they've given their
Speaker 13: young quarterback Jayden Daniels a nice weapon, acquiring Whiteout Deebo
Speaker 13: Samuel from the forty nine ers for a fifth round
Speaker 13: draft pick. The Trader will come official next week in
Speaker 13: Palm Beach. Joe high Smith with a second straight round
Speaker 13: of sixty four, one of the cognitisant Golf by two shots.
Speaker 13: It's his first PGA Tour victory. Jake Napp, who had
Speaker 13: that fifty nine in the opening round, still had the
Speaker 13: lead until the eleventh hole when he put two shots
Speaker 13: in the water.
Speaker 5: And had a triple boom. John Stashie, We're Bloomberg Sports
Speaker 5: are Nikan.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 5: Good morning, I'm Nathan Hager.
Speaker 2: After last week's Oval Office blow up between President Trump
Speaker 2: and Ukrainian President Vladimir Zelenski, European nations are racing to
Speaker 2: assemble what they're calling a Coalition of the willing to
Speaker 2: support Ukraine and bring in peacekeeping troops in the event
Speaker 2: of a ceasefire with Russia. Canadian Prime Minister Justin Trudeau
Speaker 2: says his nation is willing.
Speaker 5: We're going to.
Speaker 15: Continue to be there to support Ukraine as necessary, with
Speaker 15: whatever it takes, for as long as it takes, because
Speaker 15: Ukraine is not just defending it its own territories, defending
Speaker 15: the very principles and values that underpin all of our democracies.
Speaker 2: Canadian Prime Minister Justin Trudeau spoke at a weekend security
Speaker 2: summit in London, and for more. We're joined this morning
Speaker 2: by Bloomberg New senior writer Stephanie Baker, the author of
Speaker 2: the book Punishing Putin.
Speaker 5: Stephanie, good morning.
Speaker 2: I guess the big question now is whether the US
Speaker 2: can be part of a coalition of the willing after
Speaker 2: that blow up. What's it going to take to get
Speaker 2: everyone back on the same page after what we saw
Speaker 2: in the Oval Office last Friday?
Speaker 16: Right, Well, you see UK Prime Minister Cure Starmer and
Speaker 16: French President Emmanuel Macron trying to reset relations. They tried
Speaker 16: to arrange for the Ukrainian President Vladimir Zelensky to go
Speaker 16: back to Washington this weekend.
Speaker 5: That did not work.
Speaker 16: Trump administration officials are insisting on an apology. Zelenski is
Speaker 16: saying he didn't see any need to apologize. Zelensky has
Speaker 16: also rejectedsals from Manuel Macron and kir Starmer for a
Speaker 16: one month UH ceasefire for air see and infrastructure in Ukraine.
Speaker 16: I think there's a fundamental difference here between how Zolensky
Speaker 16: sees these peace negotiations going ahead and how the Trump
Speaker 16: administration does. Zolensky believes that a mere ceasefire that stops
Speaker 16: the fighting without security guarantees leaves Ukraine vulnerable to another
Speaker 16: attack from Russia. I think Trump thinks it a quick
Speaker 16: deal where they stop the fighting, it is worth worth
Speaker 16: going ahead with, and has been very vague and back
Speaker 16: and forth on security guarantees. Has has not been explicit
Speaker 16: about his willingness to provide those that US backstop that
Speaker 16: Starmer really wants for any kind of peace European peacekeeping
Speaker 16: force in Ukraine, and that is the fundamental problem here.
Speaker 2: Yeah, it seems as though President Trump is indicating that
Speaker 2: the economic buy in might be enough in terms of
Speaker 2: the US having some kind of skin in the game
Speaker 2: after the security conference. Though in Europe is this potentially
Speaker 2: pitting the European side against the US.
Speaker 16: Now It is revealing the divisions, and I think Europe
Speaker 16: is realizing that they need to get their act together
Speaker 16: and start investing in defense because they can't be relying
Speaker 16: on the US anymore. Zelensky has said he is willing
Speaker 16: to sign this deal with the US, this mineral rights
Speaker 16: deal with the US. I think there was a line
Speaker 16: added to that agreement, to the revised version of that agreement,
Speaker 16: that provided some language on security guarantees, although.
Speaker 9: It's really quite vague.
Speaker 16: I mean, remember, just the fact that there is US
Speaker 16: economic or business interests in Ukraine is not a real
Speaker 16: security guarantee. Just think of Kuwait. A rock invaded Kuwait
Speaker 16: when there were US oil companies operating there. That did
Speaker 16: not provide a real security guarantee. And I think Zelensky
Speaker 16: is right to be skeptical that that would be enough
Speaker 16: to deter Putin from trying to launch another invasion or
Speaker 16: violate the ceasefire.
Speaker 3: This is Bloomberg Daybreak, your morning podcast on the stories
Speaker 3: making news from Wall Street to Washington and beyond.
Speaker 2: Look for us on your podcast feed by six am
Speaker 2: Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3: You can also listen live each morning starting at five
Speaker 3: am Wall Street Time on Bloomberg eleven three to zero
Speaker 3: in New York, Bloomberg ninety nine to one in Washington,
Speaker 3: Bloomberg ninety two nine in Boston, and nationwide on serious
Speaker 3: XM Channel one twenty one.
Speaker 5: Plus.
Speaker 2: Listen coast to coast on the Bloomberg Business app now
Speaker 2: with Apple CarPlay and Android Atto interfaces.
Speaker 3: And don't forget to subscribe to Bloomberg News Now. It's
Speaker 3: the latest news whenever you want it in five minutes
Speaker 3: or less. Search Bloomberg News Now and your favorite podcast.
Speaker 3: Plan informed to stay informed all day long. I'm Karen
Speaker 3: Moscow and I'm Nathan Hager.
Speaker 2: Join us again tomorrow morning for all the news you
Speaker 2: need to start your day right here on Bloomberg Day
Speaker 2: Bray