1 00:00:03,279 --> 00:00:09,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,880 --> 00:00:11,280 Speaker 2: And this is News when you want it with Bloomberg 3 00:00:11,280 --> 00:00:15,200 Speaker 2: News Now, I'm at Baxter. NASA's SpaceX crew eight launch 4 00:00:15,280 --> 00:00:18,040 Speaker 2: is moving along with its countdown BaseX. 5 00:00:18,200 --> 00:00:21,480 Speaker 1: We see four seats in the launch position, the trip. 6 00:00:21,239 --> 00:00:25,239 Speaker 2: To the International Space Station with an international crew. US 7 00:00:25,320 --> 00:00:27,600 Speaker 2: Congression leaders have revealed a plan to fund parts of 8 00:00:27,640 --> 00:00:31,240 Speaker 2: the government into September. Also includes provision to prevent oil 9 00:00:31,360 --> 00:00:35,960 Speaker 2: sales from the US Strategic Petroleum Reserved of China. OPEK Plus, meanwhile, 10 00:00:36,000 --> 00:00:38,800 Speaker 2: has extended cutbacks and oil production to avoid a global 11 00:00:38,800 --> 00:00:42,160 Speaker 2: supply glut. On paper that cuts total roughly two million 12 00:00:42,200 --> 00:00:44,640 Speaker 2: barrels a day. They'll be in place until the end 13 00:00:44,680 --> 00:00:47,479 Speaker 2: of June. For the most part, the market expected the 14 00:00:47,520 --> 00:00:51,040 Speaker 2: curbs to be extended. They're viewed as necessary to offset 15 00:00:51,040 --> 00:00:54,800 Speaker 2: a seasonal lull and global fuel consumption. The cutbacks also 16 00:00:54,920 --> 00:00:58,560 Speaker 2: a reaction to soaring production from US shale drillers, the 17 00:00:58,640 --> 00:01:02,960 Speaker 2: key rivals to OPEKI plus. Texas Governor Greg Abbott is 18 00:01:02,960 --> 00:01:06,160 Speaker 2: out today saying President Biden needs to enact executive action 19 00:01:06,400 --> 00:01:11,120 Speaker 2: on the border. Abbot and Homeland Security Secretary Alejandro Majorcas 20 00:01:11,160 --> 00:01:14,840 Speaker 2: on cn OF to day totally disagreed. President does not 21 00:01:14,959 --> 00:01:18,119 Speaker 2: need new laws. The president needs a backbone to make 22 00:01:18,160 --> 00:01:21,480 Speaker 2: sure that he enforces the immigration laws that are already 23 00:01:21,520 --> 00:01:22,080 Speaker 2: on the books. 24 00:01:22,240 --> 00:01:24,520 Speaker 3: Couldn't be more wrong. And as a matter of fact, 25 00:01:25,120 --> 00:01:28,320 Speaker 3: former President Trump tried to close the border and it 26 00:01:28,360 --> 00:01:31,759 Speaker 3: was enjoined in the courts and never saw the light 27 00:01:31,880 --> 00:01:35,680 Speaker 3: of day. This coming from an individual who is purposefully 28 00:01:36,319 --> 00:01:41,880 Speaker 3: refusing to coordinate, communicate, collaborate with other officials and trying 29 00:01:41,880 --> 00:01:42,600 Speaker 3: to wreak havoc. 30 00:01:43,240 --> 00:01:46,280 Speaker 2: Meanwhile, Democratic Senator Chris Murphy is one of the senators 31 00:01:46,280 --> 00:01:49,560 Speaker 2: and negotiated a border security deal that fell through at 32 00:01:49,560 --> 00:01:52,920 Speaker 2: the last minute, and he's charging today that Republicans really 33 00:01:53,000 --> 00:01:56,559 Speaker 2: do want chaos because they feel it helps Donald Trump. 34 00:01:56,640 --> 00:02:00,680 Speaker 1: Republicans block the bill because they knew only the legislation 35 00:02:00,720 --> 00:02:04,080 Speaker 1: would be effective in controlling the border. They want the 36 00:02:04,120 --> 00:02:06,840 Speaker 1: border to be out of control because it helps him politically, 37 00:02:06,840 --> 00:02:08,800 Speaker 1: and they know the President has limits to what he 38 00:02:08,880 --> 00:02:10,519 Speaker 1: can do through executive order. 39 00:02:10,560 --> 00:02:12,960 Speaker 2: Now, Murphy on ABC has heard on Bloomberg says it's 40 00:02:13,000 --> 00:02:17,440 Speaker 2: time for Democrats to go on the offensive. Hamas is 41 00:02:17,440 --> 00:02:19,960 Speaker 2: sending a delegation to Cairo today to talk sees fire. 42 00:02:20,400 --> 00:02:22,480 Speaker 2: Israel has agreed, but now says it may not go 43 00:02:22,560 --> 00:02:25,080 Speaker 2: if it doesn't get information on how many and in 44 00:02:25,120 --> 00:02:28,800 Speaker 2: what medical condition the hostages are before going, and Congressman 45 00:02:28,840 --> 00:02:31,880 Speaker 2: Tom Swazi today urged full support from the US. 46 00:02:32,000 --> 00:02:35,400 Speaker 3: I'm hoping that the President can get his way with 47 00:02:35,680 --> 00:02:39,040 Speaker 3: the bb NET and Yahoo and with the Saudis and 48 00:02:39,080 --> 00:02:39,920 Speaker 3: make a deal here. 49 00:02:40,120 --> 00:02:41,360 Speaker 1: I mean, that's what we need, a deal. 50 00:02:41,560 --> 00:02:44,320 Speaker 2: Yeah, humanitarian crisis on Gaz at a stage where the 51 00:02:44,440 --> 00:02:47,280 Speaker 2: UN is warning hundreds of thousands of people are at 52 00:02:47,320 --> 00:02:50,880 Speaker 2: high risk of starvation. US did put together some aid 53 00:02:51,040 --> 00:02:54,480 Speaker 2: air drops, but chefjose Andress of World Central Kitchen on 54 00:02:54,520 --> 00:02:57,480 Speaker 2: ABC's has heard on Bloomberg says there has to be 55 00:02:57,520 --> 00:03:00,400 Speaker 2: collaboration if anything is going to get done. Why are 56 00:03:00,400 --> 00:03:03,560 Speaker 2: we doing the air Why people are doing thinking about 57 00:03:03,639 --> 00:03:07,240 Speaker 2: coming by the sea. Because the political situation is not 58 00:03:07,360 --> 00:03:10,040 Speaker 2: allowing to bring safely enough tracts. 59 00:03:10,080 --> 00:03:11,359 Speaker 3: Therefore we need. 60 00:03:11,240 --> 00:03:12,160 Speaker 1: To be bold. 61 00:03:12,400 --> 00:03:15,400 Speaker 2: Israel, meanwhile is insisting that most of the deaths connected 62 00:03:15,440 --> 00:03:18,079 Speaker 2: to the convoy were killed in the stampede, not by 63 00:03:18,520 --> 00:03:22,839 Speaker 2: Israeli soldiers. China's poise to announce it's twenty twenty four 64 00:03:22,919 --> 00:03:25,920 Speaker 2: growth target at the start of the nation's annual political gathering. 65 00:03:26,200 --> 00:03:29,080 Speaker 2: We get more here from Bloomberg's Joann Wog and Hong Kong. 66 00:03:29,600 --> 00:03:33,960 Speaker 4: The Chinese People's Political Consultative Conference kickstoff today. The spokesman 67 00:03:34,040 --> 00:03:36,600 Speaker 4: of the advisory bodies that the long term positive trend 68 00:03:36,640 --> 00:03:40,280 Speaker 4: in the Chinese economy will continue. The economy is expected 69 00:03:40,320 --> 00:03:44,160 Speaker 4: to be the top priority. The National People's Congress, or NPC, 70 00:03:44,440 --> 00:03:47,800 Speaker 4: starts tomorrow. That's when the body will deliver the government's 71 00:03:47,840 --> 00:03:51,280 Speaker 4: work report and budget. Beaijing is expected to announce an 72 00:03:51,280 --> 00:03:55,760 Speaker 4: annual growth target of around five percent. Generally, economists to 73 00:03:55,800 --> 00:03:59,200 Speaker 4: expect the NPC to announce growth friendly policies, but no 74 00:03:59,400 --> 00:04:03,440 Speaker 4: bazooka like stimulus. In Hong Kong, I'm joining long Bloomberg Radio. 75 00:04:03,640 --> 00:04:05,920 Speaker 2: Hi Jo, and thank you. In California's High Country from 76 00:04:06,000 --> 00:04:09,760 Speaker 2: north to south has been pummeled by blizzard conditions, meteorologists 77 00:04:09,800 --> 00:04:12,160 Speaker 2: saying that it's as bad as it can. Get a 78 00:04:12,200 --> 00:04:16,640 Speaker 2: brief break today more than tomorrow. And that's news when 79 00:04:16,680 --> 00:04:19,160 Speaker 2: you want it with Bloomberg News. Now I'm at Baxter 80 00:04:19,320 --> 00:04:21,560 Speaker 2: and this it's Bloomberg