WEBVTT - Senate Votes to Fund TSA; Trump Delays Iran Deadline

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Alexis Christophers. Alexis

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<v Speaker 2>will have the latest developments in the Iran War in

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<v Speaker 2>a moment where we begin with a major developing story

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<v Speaker 2>on Capitol Hill. After six weeks of both sides digging in,

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<v Speaker 2>the Senate has passed a bill to end the Department

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<v Speaker 2>of Homeland Security shutdown. Majority Leader John Thune made the

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<v Speaker 2>announcement just after two in the morning Wall Street Time.

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<v Speaker 3>Just a few minutes ago, Republicans funded Department of Homeland

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<v Speaker 3>Security piecemeal.

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<v Speaker 4>It's not the way to fund the department.

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<v Speaker 2>Majority Leader John Thune spoke on the Senate floor, and

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<v Speaker 2>we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison.

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<v Speaker 5>This bill would essentially extend government funding for most of

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<v Speaker 5>the Department of Homeland Security, with the exception of ice

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<v Speaker 5>and border patrol, those sort of being the two most

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<v Speaker 5>controversial pieces that will will continue to be agotiated in Congress.

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<v Speaker 5>I'll note this is just one step in a process.

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<v Speaker 5>This build needs to go to the House next and

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<v Speaker 5>then Donald Trump's desk for signature. So this is still

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<v Speaker 5>something that is tenuous and could take us several more days,

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<v Speaker 5>if not a couple of weeks.

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<v Speaker 2>Bloomberg's Lord Davison reports President Trump had said he would

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<v Speaker 2>sign an executive order to pay TSA workers before the

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<v Speaker 2>Senate vote. Democrats are now poised to walk away from

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<v Speaker 2>the shutdown debate with the immigration reforms they wanted left behind,

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<v Speaker 2>while Republicans face a high stakes fight to fund their

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<v Speaker 2>immigration agenda through a partisan budget bill.

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<v Speaker 6>And now to the latest on the Iran war. President

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<v Speaker 6>Trump is once again pushing back his deadline for Tehran

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<v Speaker 6>to reach a deal with the US. In a social

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<v Speaker 6>media post, the President said he'll hold off on attacking

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<v Speaker 6>Iran's energy infrastructure for ten days. At White House Cabinet

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<v Speaker 6>meeting heard live here on Bloomberg Radio, the President said

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<v Speaker 6>talks are going very well and the US war effort

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<v Speaker 6>is extremely ahead of schedule.

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<v Speaker 4>They are begging to make it the numme.

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<v Speaker 7>They're begging to make it down and anybody that saw

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<v Speaker 7>what was happening over there would understand why they want.

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<v Speaker 1>To make it.

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<v Speaker 6>You, President Trump there at the White House. Bloomberg Middle

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<v Speaker 6>East correspondent Jumani Bersecci reports it's still unclear who the

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<v Speaker 6>US is talking with a lot of.

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<v Speaker 8>This is rhetoric, but what we do know is that

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<v Speaker 8>there are no physical meetings that have been decided on yet,

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<v Speaker 8>and Pakistan have been put forward as a key mediator

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<v Speaker 8>in that regard, but nothing has been confirmed. And yet

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<v Speaker 8>the language that continues to come out of Iran is

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<v Speaker 8>one of defiants. They seem to not be in the

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<v Speaker 8>mood of compromising and continue to strike back.

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<v Speaker 6>And Bloomberg's juwmanni Bersecci reports the extended deadline also gives

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<v Speaker 6>the US more time to build up forces. The Wall

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<v Speaker 6>Street Journal is reporting the Pentagon is considering sending up

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<v Speaker 6>to ten thousand additional troops to the Middle East.

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<v Speaker 2>Alexis UK Prime Minister Kiir Starmer says he won't be

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<v Speaker 2>bullied by President Trump and won't change his mind due

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<v Speaker 2>to pressure from the president.

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<v Speaker 4>Starmer spoke with Sky News.

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<v Speaker 9>I have clear I'm not going to join the war.

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<v Speaker 9>There's a clear difference therefore of opinion between me and

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<v Speaker 9>President Trump. My own view is that a lot of

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<v Speaker 9>what is said and done has been to put pressure

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<v Speaker 9>on me to change my mind, but I'm not going

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<v Speaker 9>to do so because I'm the British Prime minister, and

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<v Speaker 9>I have to act in the British national interest.

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<v Speaker 2>British Prime Minister Kirs Starmer has been repeatedly insulted by

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<v Speaker 2>President Trump. He says Starmer has made a big mistake, and.

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<v Speaker 6>Ukrainian President Vladimir Zelenski is seeking to offer his nation's

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<v Speaker 6>anti drone expertise in exchange for defense support during a

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<v Speaker 6>surprise visit to the Gulf region. The offer comes on

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<v Speaker 6>news Ukraine risks running out of money to pay for

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<v Speaker 6>its defense against Russia within two months. According to estimates

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<v Speaker 6>shared by both domestic and foreign officials, Kiev currently has

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<v Speaker 6>only enough funds to cover spending until June Nate.

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<v Speaker 2>This morning, Alexis Secretary of State Marco Rubio's in France

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<v Speaker 2>meeting his group of seven foreign minister counterparts. This comes

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<v Speaker 2>just hours after President Trump complained bitterly about NATO countries

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<v Speaker 2>not stepping up to help the US and Israel in

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<v Speaker 2>the Iran War. Rubio may have a hard time trying

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<v Speaker 2>to sell the other diplomats on the US strategy. Almost

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<v Speaker 2>all nations have raised objections to it.

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<v Speaker 6>Two one hundred dollars oil. McCory group says that's the

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<v Speaker 6>price it may hit If the Iran war drags on

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<v Speaker 6>until June, the conflict has seen to run oversee a

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<v Speaker 6>near complete closure of the Strait of Horne moves. Brent

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<v Speaker 6>crude is on pace for a record monthly gain in March.

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<v Speaker 6>Checking right now, it's about one hundred and ten dollars.

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<v Speaker 6>The barrel and futures are mostly unchanged as we close

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<v Speaker 6>out the treating right now, SMP futures down just fractionally,

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<v Speaker 6>or about eight points lower. Yesterday, stocks suffered their worst

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<v Speaker 6>law since January. The S and P five hundred fell

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<v Speaker 6>one and three quarters percent. The tech heavy Nasdaq one

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<v Speaker 6>hundred slid two point four percent.

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<v Speaker 2>We may be seeing tensions escalate between the US and China.

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<v Speaker 2>This morning Alexis, China's Ministry of Commerce says it's begun

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<v Speaker 2>to trade investigations against the US.

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<v Speaker 4>They involve supply chains and renewable products.

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<v Speaker 2>Its retaliation to US trade probes ahead of an expected

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<v Speaker 2>presidential summit in Beijing in May.

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<v Speaker 6>And three FED officials are expressing growing concern over the

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<v Speaker 6>economic outlook due to the Middle East war. FED Governor

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<v Speaker 6>Lisa cooks as the spike and oil prices means inflation

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<v Speaker 6>is now a bigger concern than the labor market.

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<v Speaker 3>I see the balance risks as being largely on net

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<v Speaker 3>in balance, but I would argue that the inflation risk

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<v Speaker 3>is greater right now as a result of the Iran war.

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<v Speaker 6>FED Governor Lisa Cook made those comments yesterday in a

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<v Speaker 6>speech in Connecticut. Two of her colleagues, FED Governor Michael

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<v Speaker 6>Barr and FED Vice Chair Philip Jefferson say they preferred

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<v Speaker 6>to keep rates on hold while they assess the length

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<v Speaker 6>of the conflict and its impact on energy prices.

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<v Speaker 2>Big news in the tech space this morning, Alexis Andthropics

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<v Speaker 2>won a court order blocking a Trump administration ban on

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<v Speaker 2>government use of its artificial intelligence technology. Federal judge put

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<v Speaker 2>that order on hold for seven days so the government

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<v Speaker 2>has a chance to appeal. The judge, though questioned the

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<v Speaker 2>rationale for the band, saying it did not appear to

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<v Speaker 2>be directed at national security interests and instead seem designed

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<v Speaker 2>to punish Anthropic. The Claude chatbot maker argues the ban

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<v Speaker 2>could cost it billions of dollars in lost revenue, and in.

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<v Speaker 6>Another development, Nathan Bloomberg News has learned Anthropic is considering

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<v Speaker 6>going public as soon as October. The move comes as

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<v Speaker 6>the artificial intelligence company races with rival Open Ai to

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<v Speaker 6>hold an IPO. According to the information, a listing could

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<v Speaker 6>raise more than sixty billion dollars.

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<v Speaker 2>And get this, Alexis, we may be closing in on

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<v Speaker 2>a deal. In the booze industry. Pernaul Recard and Brown Foreman,

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<v Speaker 2>the owner of Jack Daniel's Whiskey, are discussing a merger

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<v Speaker 2>as the alcoholic drink companies look at ways to consolidate

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<v Speaker 2>amid an industry downturn. A combination would bring together Pernault's

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<v Speaker 2>top sellers like Martel Koonyak, Jamison, Irish Whiskey, and Absolute Vodka,

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<v Speaker 2>with Brown Foreman's Whiskeys and other brands including Heradura Tequila.

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<v Speaker 6>Time now for a look at some of the other

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<v Speaker 6>stories making news in New York and around the world.

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<v Speaker 6>For that, we're joined by Bloomberg's John Tucker, John, Good

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<v Speaker 6>Morning and Good Morning.

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<v Speaker 7>A lisis the Department of Justice investigating medical school admissions

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<v Speaker 7>policies at Stanford, Ohio State the University of California at

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<v Speaker 7>San Diego over possible racial discrimination. This is part of

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<v Speaker 7>a campaign by the Trump administration to reshape higher education.

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<v Speaker 7>The colleges facing requests from the agency's Civil Rights Division

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<v Speaker 7>for data including medical school applicant test scores, ties to donors,

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<v Speaker 7>and internal university communications. Donald Trump's signature will appear on

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<v Speaker 7>future US paper currency to mark the two hundred and

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<v Speaker 7>fiftieth anniversary of the country more that's the report from

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<v Speaker 7>Bloomberg's Matt Piper.

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<v Speaker 10>It's a first for a sitting president. Treasury Secretary Scott

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<v Speaker 10>Besson says there is no more powerful way to recognize

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<v Speaker 10>the historic achievements of our great country and President Donald J.

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<v Speaker 4>Trump.

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<v Speaker 10>Then US dollar bills bearing his name. Until now the

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<v Speaker 10>US currency has born the signatures of the Secretary and

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<v Speaker 10>the treasure The move comes as Trump has put his

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<v Speaker 10>stamp on America's semi quincentennial this year, like planning a

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<v Speaker 10>UFC fight at the White House.

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<v Speaker 4>Matt Piper Bloomberg Radio.

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<v Speaker 7>Another close call, and the latest in a string of

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<v Speaker 7>incidents involving helicopters and commercial passenger jets, A Blackhawk helicopter

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<v Speaker 7>crossed in front of the United Airlines plane landing at

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<v Speaker 7>John Wayne Airport in southern California. The FAA telling Bloomberg

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<v Speaker 7>it's investigating the event, which happened Tuesday night, and the

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<v Speaker 7>runway We're A plane collided with a fire truck at

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<v Speaker 7>Laguardi Airport, killing the two pilots and injuring several others.

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<v Speaker 7>Has now reopened. The Port Authority of New York and

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<v Speaker 7>New Jersey says the tarmac resumed operations out of the

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<v Speaker 7>runway and a related infrastructure were repaired. Global News twenty

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<v Speaker 7>four hours a day and whenever you want it with

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<v Speaker 7>Bloomberg News Now. I'm John Tucker, and they see is

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<v Speaker 7>Bloomberg Alexis.

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<v Speaker 6>Thanks Gon time now for our Bloomberg Sports up. For that,

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<v Speaker 6>we bring in John stash Hour.

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<v Speaker 11>The NCAA Tournament is back at Iowa is still alive.

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<v Speaker 11>The ninth seed in the South had the upset of

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<v Speaker 11>top seed at Florida and then beat Nebraska seventy seven

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<v Speaker 11>to seventy one, and then Illinois with an upset win

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<v Speaker 11>over Houston in the West Region and San Jose Purdue

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<v Speaker 11>scored with less than a second to go for a

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<v Speaker 11>two point win over Texas. Arizona won easily over Arkansas,

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<v Speaker 11>LSU hiring Will Wade as its new coach. He was

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<v Speaker 11>their former coach and they fired him after improper benefits

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<v Speaker 11>that are now legal.

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<v Speaker 4>That's your Bloomberg Sports Update. Stay with us. More from

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<v Speaker 4>Bloomberg Daybreak coming up after this.

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<v Speaker 1>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 1>and around the world on Bloomberg dot Com and the

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<v Speaker 1>Bloomberg Business out This is Bloomberg Daybreak.

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<v Speaker 4>Good Morning on Nathan Hagar.

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<v Speaker 2>On day twenty eighth of the war with Iran, President

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<v Speaker 2>Donald Trump says he's giving Tehran ten more days to

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<v Speaker 2>reach a deal and announce the extension on social media

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<v Speaker 2>after telling a cabinet meeting talks with Tehran are going

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<v Speaker 2>very well.

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<v Speaker 11>They now have a chance to make a deal, but

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<v Speaker 11>that's up to them, and they'll tell you we're not negotiating.

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<v Speaker 4>We will not negotia. Of course, the negotiation and they've

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<v Speaker 4>been obliterated.

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<v Speaker 2>President Trump and a White House Cabinet meeting heard live

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<v Speaker 2>on Bloomberg Radio this morning. We're joined from Dubai by

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<v Speaker 2>Bloomberg Middle East correspondent Jumana Bursecci, anchor of Bloomberg Horizons,

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<v Speaker 2>and President Trump may be begging the question there, Jumana,

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<v Speaker 2>is Iran negotiating?

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<v Speaker 4>Good morning, Good morning.

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<v Speaker 8>Well, the rhetoric and I say, I emphasize the word rhetoric.

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<v Speaker 8>The rhetoric coming through from Iran now suggests that they

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<v Speaker 8>are not negotiating, and in fact, the Iranian Foreign Minister

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<v Speaker 8>and Starts Erekshi gave an interview to Iranian State TV

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<v Speaker 8>nonetheless saying that they are not negotiating with the US,

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<v Speaker 8>either directly or indirectly, but that messages had been passed

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<v Speaker 8>to them from Pakistan and this is something that lines

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<v Speaker 8>up with our own reporting. And so at this point

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<v Speaker 8>it is unclear what is going on behind the scenes.

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<v Speaker 8>The rhetoric, as I say, continues to remain one of defiants.

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<v Speaker 8>They are showcasing that they're not in the mood to compromise. Still,

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<v Speaker 8>and it is day twenty seven of this war. The

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<v Speaker 8>attacks and counter attacks are ongoing. Overnight, more military strikes conducted,

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<v Speaker 8>joint military operations between US and Israel over key sites

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<v Speaker 8>in Tehran Isfahan industrial city, of course, and in retaliation,

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<v Speaker 8>more projectiles being launched towards key Gulf states. So really

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<v Speaker 8>no signs that things are letting up as we get

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<v Speaker 8>into the weekend.

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<v Speaker 2>Okay, so obviously though, now the president's deadline for going

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<v Speaker 2>after Iran's energy infrastructure that was due to expire tonight

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<v Speaker 2>is extended another ten days, what could that mean over

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<v Speaker 2>the next week and a half.

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<v Speaker 8>So the short term reaction is one of relief, I

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<v Speaker 8>would guess for the region, because it just pushes back

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<v Speaker 8>the prospect of a potential strike on Iranian key infrastructure

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<v Speaker 8>and the potential reprisal on GCC civilian infrastructure return by

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<v Speaker 8>another ten days. But at the same time, I think,

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<v Speaker 8>because there's a lot of skepticism about the real chance

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<v Speaker 8>for a diplomatic breakthrough over the coming days, there is

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<v Speaker 8>a feeling that perhaps this is just a time buying

0:12:22.559 --> 0:12:26.439
<v Speaker 8>exercise coming through from the US administration. At the same time,

0:12:26.520 --> 0:12:30.680
<v Speaker 8>we hear of these reports of more military troops and

0:12:30.800 --> 0:12:33.839
<v Speaker 8>marines being sent to the region should be mobilized in

0:12:33.880 --> 0:12:37.439
<v Speaker 8>the coming days, and that sort of implies that perhaps

0:12:37.600 --> 0:12:41.760
<v Speaker 8>a ground combat operation may maybe in the works as.

0:12:41.679 --> 0:12:44.560
<v Speaker 2>Well, And that raises a question as well about what

0:12:44.679 --> 0:12:48.080
<v Speaker 2>a ground operation could lead to and whether the four

0:12:48.160 --> 0:12:51.520
<v Speaker 2>to six week timeline that President Trump has said he

0:12:51.679 --> 0:12:55.720
<v Speaker 2>is extremely ahead on can continue.

0:12:57.200 --> 0:13:00.079
<v Speaker 8>Yeah, absolutely so if you look at if you just

0:13:00.120 --> 0:13:03.520
<v Speaker 8>look at the logistics of it, from what we understand,

0:13:03.800 --> 0:13:07.160
<v Speaker 8>the first marine expeditionary unit should be arriving in the

0:13:07.200 --> 0:13:10.559
<v Speaker 8>coming days, so that is literally a matter of hours

0:13:10.600 --> 0:13:13.760
<v Speaker 8>from now should arrive to the region. There's another unit

0:13:14.200 --> 0:13:18.960
<v Speaker 8>that is also set sail a week ago and that

0:13:19.040 --> 0:13:21.840
<v Speaker 8>is expected to arrive mid April, so it's still going

0:13:21.920 --> 0:13:24.520
<v Speaker 8>to take some time for the extra reinforcements to arrive.

0:13:24.600 --> 0:13:27.200
<v Speaker 8>We were also earlier in the week reporting that the

0:13:27.240 --> 0:13:31.199
<v Speaker 8>Pentagon perhaps had instructed their eighty second Airborne Division as well.

0:13:31.320 --> 0:13:34.320
<v Speaker 8>And this is typically a division you would only use

0:13:34.440 --> 0:13:38.679
<v Speaker 8>if you need an expeditious arrival of troops. They can

0:13:38.760 --> 0:13:41.719
<v Speaker 8>be mobilized very very quickly. But we were speaking to

0:13:41.760 --> 0:13:45.120
<v Speaker 8>a former veteran one of them earlier on today and

0:13:45.200 --> 0:13:49.320
<v Speaker 8>he said that the goal for deploying this eighty second

0:13:49.520 --> 0:13:53.920
<v Speaker 8>Airborne Division wouldn't necessarily be to take over a full

0:13:54.160 --> 0:13:57.360
<v Speaker 8>territory or even go in on the ground in Iran.

0:13:57.480 --> 0:14:01.560
<v Speaker 8>It would be actually targeted at smaller lands, perhaps even

0:14:01.600 --> 0:14:03.760
<v Speaker 8>some of those smaller islands that are close to the

0:14:03.760 --> 0:14:06.120
<v Speaker 8>Strait of Hormers. This is all speculation at this point,

0:14:06.160 --> 0:14:09.280
<v Speaker 8>I should say, but the point is that if these

0:14:09.440 --> 0:14:11.760
<v Speaker 8>troops are going to be mobilized, there's a high chance

0:14:11.840 --> 0:14:17.679
<v Speaker 8>that the objective would be to somehow work towards reopening

0:14:17.679 --> 0:14:21.680
<v Speaker 8>the straits and removing the threads that face tankers should

0:14:21.680 --> 0:14:23.280
<v Speaker 8>they want to pass through the street.

0:14:24.000 --> 0:14:27.120
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