Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Alexis Christophers. Alexis
Speaker 2: will have the latest developments in the Iran War in
Speaker 2: a moment where we begin with a major developing story
Speaker 2: on Capitol Hill. After six weeks of both sides digging in,
Speaker 2: the Senate has passed a bill to end the Department
Speaker 2: of Homeland Security shutdown. Majority Leader John Thune made the
Speaker 2: announcement just after two in the morning Wall Street Time.
Speaker 3: Just a few minutes ago, Republicans funded Department of Homeland
Speaker 3: Security piecemeal.
Speaker 4: It's not the way to fund the department.
Speaker 2: Majority Leader John Thune spoke on the Senate floor, and
Speaker 2: we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison.
Speaker 5: This bill would essentially extend government funding for most of
Speaker 5: the Department of Homeland Security, with the exception of ice
Speaker 5: and border patrol, those sort of being the two most
Speaker 5: controversial pieces that will will continue to be agotiated in Congress.
Speaker 5: I'll note this is just one step in a process.
Speaker 5: This build needs to go to the House next and
Speaker 5: then Donald Trump's desk for signature. So this is still
Speaker 5: something that is tenuous and could take us several more days,
Speaker 5: if not a couple of weeks.
Speaker 2: Bloomberg's Lord Davison reports President Trump had said he would
Speaker 2: sign an executive order to pay TSA workers before the
Speaker 2: Senate vote. Democrats are now poised to walk away from
Speaker 2: the shutdown debate with the immigration reforms they wanted left behind,
Speaker 2: while Republicans face a high stakes fight to fund their
Speaker 2: immigration agenda through a partisan budget bill.
Speaker 6: And now to the latest on the Iran war. President
Speaker 6: Trump is once again pushing back his deadline for Tehran
Speaker 6: to reach a deal with the US. In a social
Speaker 6: media post, the President said he'll hold off on attacking
Speaker 6: Iran's energy infrastructure for ten days. At White House Cabinet
Speaker 6: meeting heard live here on Bloomberg Radio, the President said
Speaker 6: talks are going very well and the US war effort
Speaker 6: is extremely ahead of schedule.
Speaker 4: They are begging to make it the numme.
Speaker 7: They're begging to make it down and anybody that saw
Speaker 7: what was happening over there would understand why they want.
Speaker 1: To make it.
Speaker 6: You, President Trump there at the White House. Bloomberg Middle
Speaker 6: East correspondent Jumani Bersecci reports it's still unclear who the
Speaker 6: US is talking with a lot of.
Speaker 8: This is rhetoric, but what we do know is that
Speaker 8: there are no physical meetings that have been decided on yet,
Speaker 8: and Pakistan have been put forward as a key mediator
Speaker 8: in that regard, but nothing has been confirmed. And yet
Speaker 8: the language that continues to come out of Iran is
Speaker 8: one of defiants. They seem to not be in the
Speaker 8: mood of compromising and continue to strike back.
Speaker 6: And Bloomberg's juwmanni Bersecci reports the extended deadline also gives
Speaker 6: the US more time to build up forces. The Wall
Speaker 6: Street Journal is reporting the Pentagon is considering sending up
Speaker 6: to ten thousand additional troops to the Middle East.
Speaker 2: Alexis UK Prime Minister Kiir Starmer says he won't be
Speaker 2: bullied by President Trump and won't change his mind due
Speaker 2: to pressure from the president.
Speaker 4: Starmer spoke with Sky News.
Speaker 9: I have clear I'm not going to join the war.
Speaker 9: There's a clear difference therefore of opinion between me and
Speaker 9: President Trump. My own view is that a lot of
Speaker 9: what is said and done has been to put pressure
Speaker 9: on me to change my mind, but I'm not going
Speaker 9: to do so because I'm the British Prime minister, and
Speaker 9: I have to act in the British national interest.
Speaker 2: British Prime Minister Kirs Starmer has been repeatedly insulted by
Speaker 2: President Trump. He says Starmer has made a big mistake, and.
Speaker 6: Ukrainian President Vladimir Zelenski is seeking to offer his nation's
Speaker 6: anti drone expertise in exchange for defense support during a
Speaker 6: surprise visit to the Gulf region. The offer comes on
Speaker 6: news Ukraine risks running out of money to pay for
Speaker 6: its defense against Russia within two months. According to estimates
Speaker 6: shared by both domestic and foreign officials, Kiev currently has
Speaker 6: only enough funds to cover spending until June Nate.
Speaker 2: This morning, Alexis Secretary of State Marco Rubio's in France
Speaker 2: meeting his group of seven foreign minister counterparts. This comes
Speaker 2: just hours after President Trump complained bitterly about NATO countries
Speaker 2: not stepping up to help the US and Israel in
Speaker 2: the Iran War. Rubio may have a hard time trying
Speaker 2: to sell the other diplomats on the US strategy. Almost
Speaker 2: all nations have raised objections to it.
Speaker 6: Two one hundred dollars oil. McCory group says that's the
Speaker 6: price it may hit If the Iran war drags on
Speaker 6: until June, the conflict has seen to run oversee a
Speaker 6: near complete closure of the Strait of Horne moves. Brent
Speaker 6: crude is on pace for a record monthly gain in March.
Speaker 6: Checking right now, it's about one hundred and ten dollars.
Speaker 6: The barrel and futures are mostly unchanged as we close
Speaker 6: out the treating right now, SMP futures down just fractionally,
Speaker 6: or about eight points lower. Yesterday, stocks suffered their worst
Speaker 6: law since January. The S and P five hundred fell
Speaker 6: one and three quarters percent. The tech heavy Nasdaq one
Speaker 6: hundred slid two point four percent.
Speaker 2: We may be seeing tensions escalate between the US and China.
Speaker 2: This morning Alexis, China's Ministry of Commerce says it's begun
Speaker 2: to trade investigations against the US.
Speaker 4: They involve supply chains and renewable products.
Speaker 2: Its retaliation to US trade probes ahead of an expected
Speaker 2: presidential summit in Beijing in May.
Speaker 6: And three FED officials are expressing growing concern over the
Speaker 6: economic outlook due to the Middle East war. FED Governor
Speaker 6: Lisa cooks as the spike and oil prices means inflation
Speaker 6: is now a bigger concern than the labor market.
Speaker 3: I see the balance risks as being largely on net
Speaker 3: in balance, but I would argue that the inflation risk
Speaker 3: is greater right now as a result of the Iran war.
Speaker 6: FED Governor Lisa Cook made those comments yesterday in a
Speaker 6: speech in Connecticut. Two of her colleagues, FED Governor Michael
Speaker 6: Barr and FED Vice Chair Philip Jefferson say they preferred
Speaker 6: to keep rates on hold while they assess the length
Speaker 6: of the conflict and its impact on energy prices.
Speaker 2: Big news in the tech space this morning, Alexis Andthropics
Speaker 2: won a court order blocking a Trump administration ban on
Speaker 2: government use of its artificial intelligence technology. Federal judge put
Speaker 2: that order on hold for seven days so the government
Speaker 2: has a chance to appeal. The judge, though questioned the
Speaker 2: rationale for the band, saying it did not appear to
Speaker 2: be directed at national security interests and instead seem designed
Speaker 2: to punish Anthropic. The Claude chatbot maker argues the ban
Speaker 2: could cost it billions of dollars in lost revenue, and in.
Speaker 6: Another development, Nathan Bloomberg News has learned Anthropic is considering
Speaker 6: going public as soon as October. The move comes as
Speaker 6: the artificial intelligence company races with rival Open Ai to
Speaker 6: hold an IPO. According to the information, a listing could
Speaker 6: raise more than sixty billion dollars.
Speaker 2: And get this, Alexis, we may be closing in on
Speaker 2: a deal. In the booze industry. Pernaul Recard and Brown Foreman,
Speaker 2: the owner of Jack Daniel's Whiskey, are discussing a merger
Speaker 2: as the alcoholic drink companies look at ways to consolidate
Speaker 2: amid an industry downturn. A combination would bring together Pernault's
Speaker 2: top sellers like Martel Koonyak, Jamison, Irish Whiskey, and Absolute Vodka,
Speaker 2: with Brown Foreman's Whiskeys and other brands including Heradura Tequila.
Speaker 6: Time now for a look at some of the other
Speaker 6: stories making news in New York and around the world.
Speaker 6: For that, we're joined by Bloomberg's John Tucker, John, Good
Speaker 6: Morning and Good Morning.
Speaker 7: A lisis the Department of Justice investigating medical school admissions
Speaker 7: policies at Stanford, Ohio State the University of California at
Speaker 7: San Diego over possible racial discrimination. This is part of
Speaker 7: a campaign by the Trump administration to reshape higher education.
Speaker 7: The colleges facing requests from the agency's Civil Rights Division
Speaker 7: for data including medical school applicant test scores, ties to donors,
Speaker 7: and internal university communications. Donald Trump's signature will appear on
Speaker 7: future US paper currency to mark the two hundred and
Speaker 7: fiftieth anniversary of the country more that's the report from
Speaker 7: Bloomberg's Matt Piper.
Speaker 10: It's a first for a sitting president. Treasury Secretary Scott
Speaker 10: Besson says there is no more powerful way to recognize
Speaker 10: the historic achievements of our great country and President Donald J.
Speaker 4: Trump.
Speaker 10: Then US dollar bills bearing his name. Until now the
Speaker 10: US currency has born the signatures of the Secretary and
Speaker 10: the treasure The move comes as Trump has put his
Speaker 10: stamp on America's semi quincentennial this year, like planning a
Speaker 10: UFC fight at the White House.
Speaker 4: Matt Piper Bloomberg Radio.
Speaker 7: Another close call, and the latest in a string of
Speaker 7: incidents involving helicopters and commercial passenger jets, A Blackhawk helicopter
Speaker 7: crossed in front of the United Airlines plane landing at
Speaker 7: John Wayne Airport in southern California. The FAA telling Bloomberg
Speaker 7: it's investigating the event, which happened Tuesday night, and the
Speaker 7: runway We're A plane collided with a fire truck at
Speaker 7: Laguardi Airport, killing the two pilots and injuring several others.
Speaker 7: Has now reopened. The Port Authority of New York and
Speaker 7: New Jersey says the tarmac resumed operations out of the
Speaker 7: runway and a related infrastructure were repaired. Global News twenty
Speaker 7: four hours a day and whenever you want it with
Speaker 7: Bloomberg News Now. I'm John Tucker, and they see is
Speaker 7: Bloomberg Alexis.
Speaker 6: Thanks Gon time now for our Bloomberg Sports up. For that,
Speaker 6: we bring in John stash Hour.
Speaker 11: The NCAA Tournament is back at Iowa is still alive.
Speaker 11: The ninth seed in the South had the upset of
Speaker 11: top seed at Florida and then beat Nebraska seventy seven
Speaker 11: to seventy one, and then Illinois with an upset win
Speaker 11: over Houston in the West Region and San Jose Purdue
Speaker 11: scored with less than a second to go for a
Speaker 11: two point win over Texas. Arizona won easily over Arkansas,
Speaker 11: LSU hiring Will Wade as its new coach. He was
Speaker 11: their former coach and they fired him after improper benefits
Speaker 11: that are now legal.
Speaker 4: That's your Bloomberg Sports Update. Stay with us. More from
Speaker 4: Bloomberg Daybreak coming up after this.
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 out This is Bloomberg Daybreak.
Speaker 4: Good Morning on Nathan Hagar.
Speaker 2: On day twenty eighth of the war with Iran, President
Speaker 2: Donald Trump says he's giving Tehran ten more days to
Speaker 2: reach a deal and announce the extension on social media
Speaker 2: after telling a cabinet meeting talks with Tehran are going
Speaker 2: very well.
Speaker 11: They now have a chance to make a deal, but
Speaker 11: that's up to them, and they'll tell you we're not negotiating.
Speaker 4: We will not negotia. Of course, the negotiation and they've
Speaker 4: been obliterated.
Speaker 2: President Trump and a White House Cabinet meeting heard live
Speaker 2: on Bloomberg Radio this morning. We're joined from Dubai by
Speaker 2: Bloomberg Middle East correspondent Jumana Bursecci, anchor of Bloomberg Horizons,
Speaker 2: and President Trump may be begging the question there, Jumana,
Speaker 2: is Iran negotiating?
Speaker 4: Good morning, Good morning.
Speaker 8: Well, the rhetoric and I say, I emphasize the word rhetoric.
Speaker 8: The rhetoric coming through from Iran now suggests that they
Speaker 8: are not negotiating, and in fact, the Iranian Foreign Minister
Speaker 8: and Starts Erekshi gave an interview to Iranian State TV
Speaker 8: nonetheless saying that they are not negotiating with the US,
Speaker 8: either directly or indirectly, but that messages had been passed
Speaker 8: to them from Pakistan and this is something that lines
Speaker 8: up with our own reporting. And so at this point
Speaker 8: it is unclear what is going on behind the scenes.
Speaker 8: The rhetoric, as I say, continues to remain one of defiants.
Speaker 8: They are showcasing that they're not in the mood to compromise. Still,
Speaker 8: and it is day twenty seven of this war. The
Speaker 8: attacks and counter attacks are ongoing. Overnight, more military strikes conducted,
Speaker 8: joint military operations between US and Israel over key sites
Speaker 8: in Tehran Isfahan industrial city, of course, and in retaliation,
Speaker 8: more projectiles being launched towards key Gulf states. So really
Speaker 8: no signs that things are letting up as we get
Speaker 8: into the weekend.
Speaker 2: Okay, so obviously though, now the president's deadline for going
Speaker 2: after Iran's energy infrastructure that was due to expire tonight
Speaker 2: is extended another ten days, what could that mean over
Speaker 2: the next week and a half.
Speaker 8: So the short term reaction is one of relief, I
Speaker 8: would guess for the region, because it just pushes back
Speaker 8: the prospect of a potential strike on Iranian key infrastructure
Speaker 8: and the potential reprisal on GCC civilian infrastructure return by
Speaker 8: another ten days. But at the same time, I think,
Speaker 8: because there's a lot of skepticism about the real chance
Speaker 8: for a diplomatic breakthrough over the coming days, there is
Speaker 8: a feeling that perhaps this is just a time buying
Speaker 8: exercise coming through from the US administration. At the same time,
Speaker 8: we hear of these reports of more military troops and
Speaker 8: marines being sent to the region should be mobilized in
Speaker 8: the coming days, and that sort of implies that perhaps
Speaker 8: a ground combat operation may maybe in the works as.
Speaker 2: Well, And that raises a question as well about what
Speaker 2: a ground operation could lead to and whether the four
Speaker 2: to six week timeline that President Trump has said he
Speaker 2: is extremely ahead on can continue.
Speaker 8: Yeah, absolutely so if you look at if you just
Speaker 8: look at the logistics of it, from what we understand,
Speaker 8: the first marine expeditionary unit should be arriving in the
Speaker 8: coming days, so that is literally a matter of hours
Speaker 8: from now should arrive to the region. There's another unit
Speaker 8: that is also set sail a week ago and that
Speaker 8: is expected to arrive mid April, so it's still going
Speaker 8: to take some time for the extra reinforcements to arrive.
Speaker 8: We were also earlier in the week reporting that the
Speaker 8: Pentagon perhaps had instructed their eighty second Airborne Division as well.
Speaker 8: And this is typically a division you would only use
Speaker 8: if you need an expeditious arrival of troops. They can
Speaker 8: be mobilized very very quickly. But we were speaking to
Speaker 8: a former veteran one of them earlier on today and
Speaker 8: he said that the goal for deploying this eighty second
Speaker 8: Airborne Division wouldn't necessarily be to take over a full
Speaker 8: territory or even go in on the ground in Iran.
Speaker 8: It would be actually targeted at smaller lands, perhaps even
Speaker 8: some of those smaller islands that are close to the
Speaker 8: Strait of Hormers. This is all speculation at this point,
Speaker 8: I should say, but the point is that if these
Speaker 8: troops are going to be mobilized, there's a high chance
Speaker 8: that the objective would be to somehow work towards reopening
Speaker 8: the straits and removing the threads that face tankers should
Speaker 8: they want to pass through the street.
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