1 00:00:01,639 --> 00:00:04,320 Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Krisner. 2 00:00:04,640 --> 00:00:07,600 Speaker 1: European leaders are hoping to speak with Donald Trump before 3 00:00:07,640 --> 00:00:10,800 Speaker 1: his planned meeting this week with Russian leader Vladimir Putin, 4 00:00:11,360 --> 00:00:14,239 Speaker 1: and at the same time, EU foreign ministers are set 5 00:00:14,280 --> 00:00:17,840 Speaker 1: to convene an emergency meeting on Monday. Here is US 6 00:00:17,920 --> 00:00:21,400 Speaker 1: Ambassador to NATO Matthew Whittaker, speaking to CNN's State of 7 00:00:21,400 --> 00:00:21,880 Speaker 1: the Union. 8 00:00:22,360 --> 00:00:24,720 Speaker 2: Well, obviously the decision is going to be made by 9 00:00:24,920 --> 00:00:28,920 Speaker 2: President Trump. You know, he agreed to meet with President 10 00:00:28,960 --> 00:00:32,720 Speaker 2: Putin in Alaska on Friday, and if he thinks that 11 00:00:32,720 --> 00:00:36,560 Speaker 2: that is the best scenario to invite Zelensky, then he'll 12 00:00:36,600 --> 00:00:39,320 Speaker 2: do that. And again we have you know, today's Sunday. 13 00:00:39,960 --> 00:00:42,400 Speaker 2: The meeting is happening on Friday. There's time to make 14 00:00:42,400 --> 00:00:44,640 Speaker 2: that decision. No decision has been made to this point. 15 00:00:44,800 --> 00:00:48,240 Speaker 1: That is US Ambassador to NATO Matthew Whittaker, speaking earlier 16 00:00:48,280 --> 00:00:51,520 Speaker 1: to CNN's State of the Union. Meantime, Bloomberg has learned 17 00:00:51,800 --> 00:00:55,800 Speaker 1: Russian President Putin is demanding that Ukraine seed its entire 18 00:00:55,880 --> 00:01:00,200 Speaker 1: eastern Donbas area to Russia as well as Crimea as 19 00:01:00,240 --> 00:01:04,600 Speaker 1: conditions to unlocking a ceasefire and entering negotiations over a 20 00:01:04,680 --> 00:01:09,120 Speaker 1: lasting settlement. In Nvidia and Advanced micro Devices have agreed 21 00:01:09,160 --> 00:01:12,199 Speaker 1: to pay fifteen percent of their revenue from chip sales 22 00:01:12,240 --> 00:01:15,080 Speaker 1: in China to the US government. We're told it's part 23 00:01:15,080 --> 00:01:18,800 Speaker 1: of a deal with the Trump administration to secure export licenses. 24 00:01:19,200 --> 00:01:20,600 Speaker 1: Here is Bloomberg's mindmen Low. 25 00:01:20,880 --> 00:01:24,440 Speaker 3: This is something that is quite unprecedented. No US companies 26 00:01:24,640 --> 00:01:27,360 Speaker 3: had done such a thing before. But it does sort 27 00:01:27,400 --> 00:01:29,759 Speaker 3: of reflect the pattern that we have seen so far 28 00:01:29,800 --> 00:01:33,000 Speaker 3: in the Trump administration, with the President asking for certain 29 00:01:33,040 --> 00:01:36,520 Speaker 3: things from companies, such as domestic investments in exchange for 30 00:01:36,640 --> 00:01:40,000 Speaker 3: things like lowering or exempting some of these companies from 31 00:01:40,240 --> 00:01:41,000 Speaker 3: US teriffs. 32 00:01:41,040 --> 00:01:44,640 Speaker 1: That is Bloomberg's medmen low Now. Earlier, the FT reported 33 00:01:44,640 --> 00:01:48,640 Speaker 1: the Commerce Department had started issuing licenses for in Nvidia's 34 00:01:48,800 --> 00:01:51,680 Speaker 1: H twenty chips on Friday. That was two days after 35 00:01:51,720 --> 00:01:55,560 Speaker 1: in Nvidia CEO Jensen Wong met with President Trump. The 36 00:01:55,560 --> 00:01:59,200 Speaker 1: Trump administration is interviewing candidates to lead the Bureau of 37 00:01:59,280 --> 00:02:03,880 Speaker 1: Labors to Ticks, and this list reportedly includes one longtime 38 00:02:03,960 --> 00:02:07,080 Speaker 1: critic of the BLS. The Wall Street Journal reports one 39 00:02:07,080 --> 00:02:10,080 Speaker 1: of the people being interviewed is E. J Antony, the chief 40 00:02:10,120 --> 00:02:13,760 Speaker 1: economist at the Heritage Foundation. He has long criticized the 41 00:02:13,760 --> 00:02:18,000 Speaker 1: BLS's approach to collecting jobs data. Earlier this month, President 42 00:02:18,000 --> 00:02:21,240 Speaker 1: Trump fired the commissioner of the BLS following the release 43 00:02:21,280 --> 00:02:25,000 Speaker 1: of a week jobs report. The Trump administration is looking 44 00:02:25,040 --> 00:02:28,400 Speaker 1: to sell shares in mortgage giants Fannie May and Freddie 45 00:02:28,440 --> 00:02:31,800 Speaker 1: Mack in an IPO that could kick off later this year. 46 00:02:31,919 --> 00:02:34,440 Speaker 1: We have more from Bloomberg's Nathan Hager in Washington. 47 00:02:34,560 --> 00:02:37,680 Speaker 4: A senior administration official says the plan could value the 48 00:02:37,720 --> 00:02:41,160 Speaker 4: government controlled mortgage giants at about a half trillion dollars 49 00:02:41,240 --> 00:02:44,200 Speaker 4: or more, and would involve selling five to fifteen percent 50 00:02:44,240 --> 00:02:47,560 Speaker 4: of their stock that could raise up to thirty billion dollars. 51 00:02:47,880 --> 00:02:50,680 Speaker 4: The official says no final decisions been made in President 52 00:02:50,800 --> 00:02:54,320 Speaker 4: Trump's still weighing his options, but the government's been considering 53 00:02:54,360 --> 00:02:57,240 Speaker 4: options for Fanny and Freddie ever since they were bailed 54 00:02:57,240 --> 00:03:00,600 Speaker 4: out after the global financial crisis Congression. All efforts to 55 00:03:00,639 --> 00:03:04,320 Speaker 4: free them from conservatorship have repeatedly failed on concerns about 56 00:03:04,320 --> 00:03:06,880 Speaker 4: how they'd affect mortgage costs and whether Fanny and Freddie 57 00:03:06,880 --> 00:03:10,560 Speaker 4: are committed to affordable housing. In Washington, I'm Nathan Hager 58 00:03:10,600 --> 00:03:11,520 Speaker 4: Bloomberg Radio. 59 00:03:11,639 --> 00:03:15,880 Speaker 1: Meantime, Pershing Square founder Bill Ackman is suggesting a merger 60 00:03:16,080 --> 00:03:18,640 Speaker 1: of Fanny May and Freddie Mack. Posting on next Sunday, 61 00:03:18,760 --> 00:03:21,560 Speaker 1: Ackman said such a move could help lower mortgage rates 62 00:03:21,560 --> 00:03:25,160 Speaker 1: and improve efficiency. In the coming week, markets will focus 63 00:03:25,200 --> 00:03:29,200 Speaker 1: on readings of both US consumer inflation and retail sales. 64 00:03:29,639 --> 00:03:34,120 Speaker 1: Nannette Abohoff Jacobson is global investment strategist at Hartford Funds. 65 00:03:34,280 --> 00:03:36,320 Speaker 1: Here she is on Bloomberg Business Week Daily. 66 00:03:36,480 --> 00:03:38,800 Speaker 5: You know, the inflation data so far has been two 67 00:03:38,840 --> 00:03:42,640 Speaker 5: point eight percent on core PCE. Core prices have gone 68 00:03:42,680 --> 00:03:45,280 Speaker 5: up and it's broadening. It's not just a few things, 69 00:03:45,320 --> 00:03:48,080 Speaker 5: it's a lot of things that we import. And so 70 00:03:48,240 --> 00:03:50,360 Speaker 5: next week is going to be a very important week. 71 00:03:50,440 --> 00:03:54,280 Speaker 1: That is Nnette Abohoff Jacobson of Hartford Funds, speaking earlier 72 00:03:54,320 --> 00:03:58,200 Speaker 1: on Bloomberg Business Week Daily. Baseball umpire Jen Powell made 73 00:03:58,320 --> 00:04:01,280 Speaker 1: history this weekend, becoming the first woman to work a 74 00:04:01,400 --> 00:04:05,560 Speaker 1: regular season MLB game after starting her pro career in 75 00:04:05,640 --> 00:04:09,480 Speaker 1: the minor leagues back in twenty sixteen. Powell debuted Saturday 76 00:04:09,560 --> 00:04:12,080 Speaker 1: at first base for the Braves Marlins game. 77 00:04:12,160 --> 00:04:15,720 Speaker 6: It was pretty amazing when we took the field and 78 00:04:16,760 --> 00:04:21,920 Speaker 6: it seemed like quite a few people started clapping and 79 00:04:21,960 --> 00:04:24,240 Speaker 6: saying my name is stuff. So that was pretty intense 80 00:04:25,080 --> 00:04:26,800 Speaker 6: and very very emotional. 81 00:04:26,920 --> 00:04:29,720 Speaker 1: The forty eight year old Powell also served as home 82 00:04:29,760 --> 00:04:33,560 Speaker 1: Plate Empire on Sunday. She was a three time All 83 00:04:33,600 --> 00:04:37,920 Speaker 1: Conference Softball selection pick at Hofstra University and worked as 84 00:04:38,000 --> 00:04:41,840 Speaker 1: an NCAA Softball Empire from twenty ten to twenty sixteen. 85 00:04:42,520 --> 00:04:44,960 Speaker 1: And that is news when you want it with Bloomberg News. Now, 86 00:04:45,040 --> 00:04:47,000 Speaker 1: I'm Doug Prisner, and this is Bloomberg