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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner.

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Speaker 1: Howard Lutnik has been confirmed by the US Senate as

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Speaker 1: Commerce Secretary, and Lutnik now naming his two eldest sons,

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Speaker 1: Brandon and Kyle, to run the core of his business

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Speaker 1: group after his resignation from Cantor Fitzgerald. President Trump is

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Speaker 1: planning tariffs on auto, semiconductor and pharmaceutical imports of around

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Speaker 1: twenty five percent. Today, the President told reporters he will

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Speaker 1: announce more about the auto tariffs in April. Here's Trump

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Speaker 1: speaking to reporters at mar A Lago.

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Speaker 2: It'll be twenty five percent and higher, and it'll go

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Speaker 2: very substantially higher over course of a year.

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Speaker 3: But we want to give them time to come in because,

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Speaker 3: as you know, when they come into the United.

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Speaker 4: States and they have their plant or factory here.

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Speaker 5: There is no tariff.

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Speaker 4: So we want to give him a little bit of

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Speaker 4: a chance.

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Speaker 1: Incidentally, half of the factories for S and P five

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Speaker 1: hundred companies are outside the US. Trump also signed an

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Speaker 1: executive order to expand access to in vitro fertilization treatment

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Speaker 1: known as IVF. We go to Foreign policy next, top

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Speaker 1: US and Russian officials met in Saudi Arabia for talks

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Speaker 1: on halting the war in Ukraine. Both sides agreed to

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Speaker 1: work toward an end as soon as possible. However, Ukraine

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Speaker 1: and other European nations were not at the talks.

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Speaker 4: Today.

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Speaker 1: Ukrainian President Vladimir Zelenski repeated calls for Ukraine and Europe

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Speaker 1: to be included. Here is Secretary of State Marco Rubio.

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Speaker 1: He said, peace talks will include all major parties.

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Speaker 6: I came away today convinced that they are willing to

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Speaker 6: begin to engage in a serious process to determine and

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Speaker 6: how quickly and through what mechanism can an end be

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Speaker 6: brought to this war. Whether we can ultimately reach that

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Speaker 6: outcome will obviously depend on every side in this conflict's

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Speaker 6: willingness to agree to certain things.

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Speaker 1: That is US Secretary of State Marco Rubio. Speaking in

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Speaker 1: Riyod meantime, Rubio told European allies that the Trump administration

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Speaker 1: would keep its sanctions on Russia in place until ideal

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Speaker 1: to end war in Ukraine is reached. We got reaction

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Speaker 1: from Jennifer Kavanaugh. She is senior fellow at Defense Priorities.

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Speaker 3: It makes sense that the United States and Russia would

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Speaker 3: start by dealing with some of their bilateral issues. That

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Speaker 3: does not mean that Ukraine should be excluded for all

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Speaker 3: the rounds of talks, but certainly the United States and

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Speaker 3: Russia have a long history of tense and difficult relationships,

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Speaker 3: and there are a lot of bilateral issues that the

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Speaker 3: two countries need to work out before they even sit

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Speaker 3: down at the table with the other parties.

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Speaker 1: That is Jennifer Kavanaugh from Defense Priorities. The former president

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Speaker 1: of Brazil, Jayir Balsonaro, has been charged with attempting a coup.

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Speaker 1: Balsnaro was charged with overseeing a vast scheme aimed at

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Speaker 1: undermining Brazil's trust in the twenty twenty two elections and

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Speaker 1: then overturning the outcome when his allies could not find

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Speaker 1: evidence of fraud. Now, Brazil's Attorney General has indicted Balsonaro

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Speaker 1: and thirty three others for a series of crimes. The

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Speaker 1: case will now go before Brazil's Supreme Court for a

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Speaker 1: decision on whether to arrest Balsonaro and have him face trial.

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Speaker 1: Earlier today, a federal judge denied a request from fourteen

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Speaker 1: states for a temporary restraining order to block DOGE from

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Speaker 1: accessing internal systems and from firing federal employees. Judge Tanya

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Speaker 1: Chutkins said the States had not shown they would suffer

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Speaker 1: imminent or irreparable harm while the case moves forward. We

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Speaker 1: got reaction from Representative Debbie Wasserman Schultz, Democrat of Florida.

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Speaker 5: It takes three House Republicans to stop Elon Musk and

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Speaker 5: his dozebags from rummaging through millions of Americans' personal information

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Speaker 5: when it comes to their IRS, rocket records, their Social

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Speaker 5: Security numbers, their financial information, their most significant personal information.

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Speaker 1: That was Representative Debbie Wasserman Schultz of Florida. Meantime, US

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Speaker 1: Treasury Secretary Scott Bessant pushed back at criticism from Democrats

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Speaker 1: about what DOZE workers are doing with US payment systems.

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Speaker 1: Here is Beson speaking with Fox News anchor Brett Baher.

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Speaker 2: I think it's unfortunate that they're trying to kind of

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Speaker 2: a lampoon what Elon Musk and the DOSE team's doing.

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Speaker 2: I think it's very unfortunate they're trying to be fearmongers

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Speaker 2: with the American people.

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Speaker 1: That is Treasury Secretary Scott Bessant there, speaking earlier to

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Speaker 1: Fox News. Besstt also said US taxpayers do not need

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Speaker 1: to worry about the security of their private data, while

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Speaker 1: the DOGE team seeks to make the federal government more efficient,

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Speaker 1: and he said only two people at the US Treasury

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Speaker 1: had read only access to payment systems, and that means

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Speaker 1: they don't have the ability to make any changes. And

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Speaker 1: Bessett went on to say the DOGE team has already

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Speaker 1: identified and estimated fifty billion dollars in savings. In the

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Speaker 1: stock market today, there was a rally in chip makers

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Speaker 1: and it helped to drive the S and P five

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Speaker 1: hundred to a record high. More from Bloomberg's Charlie Pellett.

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Speaker 4: The S and P five hundred indexes now it's sixty

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Speaker 4: one twenty nine, topping its January record. But there aren't

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Speaker 4: questions about in Vidia's earnings next week and whether that

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Speaker 4: could be a catalyst for further gains. Dan Suzuki is

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Speaker 4: Deputy chief investment officer at Richard Bernstein Advisors.

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Speaker 6: It's going to infect market sentiment for the broader tech space,

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Speaker 6: so to that extent, I think that people are gonna

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Speaker 6: be watching it.

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Speaker 2: It can drive a lot of near turn volatility.

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Speaker 4: Equities have been stuck in a narrow range of it uncertainties,

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Speaker 4: including tariffs, inflation, and the geopolitical scenario. In New York,

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Speaker 4: Charlie Pellett Bloomberg Radio, and that.

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Speaker 1: Is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Prisoner and this is Bloomberg