1 00:00:01,680 --> 00:00:03,800 Speaker 1: News when you want it with Bloomberg News Now. I'm 2 00:00:03,840 --> 00:00:08,720 Speaker 1: Doug Prisner. South Korea's Constitutional Court has dismissed the impeachment 3 00:00:08,800 --> 00:00:13,000 Speaker 1: motion against Prime Minister Han Duksu, and Han has now 4 00:00:13,039 --> 00:00:16,880 Speaker 1: been immediately restored to the acting presidency. You may recall 5 00:00:16,960 --> 00:00:19,840 Speaker 1: back in late December, Han was suspended from office when 6 00:00:19,840 --> 00:00:23,680 Speaker 1: he resisted pressure from the opposition party to immediately appoint 7 00:00:23,720 --> 00:00:28,600 Speaker 1: three judges to the Constitutional Court. Interestingly, this decision comes 8 00:00:28,640 --> 00:00:31,639 Speaker 1: right before the same court will decide on the impeachment 9 00:00:31,680 --> 00:00:36,920 Speaker 1: of President Yunsukyol. Canadian Prime Minister Mark Karney has called 10 00:00:36,960 --> 00:00:40,160 Speaker 1: an election for April twenty eighth, and polls are showing 11 00:00:40,200 --> 00:00:43,879 Speaker 1: a close contest between his Liberal party and the Conservatives. 12 00:00:44,200 --> 00:00:48,440 Speaker 1: Carney's election campaign has been dominated by President Trump's tariffs 13 00:00:48,760 --> 00:00:51,640 Speaker 1: and the threat to make Canada a US state. Here 14 00:00:51,720 --> 00:00:55,440 Speaker 1: is Carney speaking earlier with reporters. We needed to act 15 00:00:55,440 --> 00:00:56,560 Speaker 1: to fix our economy. 16 00:00:57,280 --> 00:00:59,840 Speaker 2: We needed to act to fight the Americans. 17 00:01:01,000 --> 00:01:04,400 Speaker 3: We needed to act to deal with Donald Trump's tariffs. 18 00:01:04,560 --> 00:01:07,720 Speaker 1: That was Canadian Prime Minister Mark Carney's speaking there. He 19 00:01:07,800 --> 00:01:12,040 Speaker 1: will be facing off against Conservative leader Pierre Poliev. Both 20 00:01:12,080 --> 00:01:15,080 Speaker 1: have promised tax cuts, although they do have different versions 21 00:01:15,120 --> 00:01:19,080 Speaker 1: for Canada's economy and the relationship with the United States. 22 00:01:19,319 --> 00:01:22,720 Speaker 1: Talks to end the war between Ukraine and Russia are underway. 23 00:01:23,160 --> 00:01:26,680 Speaker 1: US and Ukrainian officials met in Riot on Sunday and 24 00:01:26,800 --> 00:01:30,959 Speaker 1: on Monday, talks are expected between US and Russia. White 25 00:01:30,959 --> 00:01:34,119 Speaker 1: House Middle East ENVOYE. Steve Whitcoff spoke earlier to Fox 26 00:01:34,120 --> 00:01:34,800 Speaker 1: News Sunday. 27 00:01:35,120 --> 00:01:39,280 Speaker 4: The agenda is stop the killing, stop the carnage. Let's 28 00:01:39,360 --> 00:01:42,399 Speaker 4: end this thing. You can end things without communicating with 29 00:01:42,440 --> 00:01:45,880 Speaker 4: both sides, understanding what each of them need, and then 30 00:01:45,920 --> 00:01:47,000 Speaker 4: trying to bring them together. 31 00:01:47,040 --> 00:01:50,720 Speaker 1: As Steve Whitcoff, speaking earlier on Fox News Sunday, now, 32 00:01:50,920 --> 00:01:54,160 Speaker 1: US National Security Advisor Mike Waltz said that talks will 33 00:01:54,200 --> 00:01:59,000 Speaker 1: focus on a potential Black Sea maritime ceasefire. It's unclear 34 00:01:59,120 --> 00:02:02,160 Speaker 1: how far discussion will advance and whether more meetings will 35 00:02:02,200 --> 00:02:06,320 Speaker 1: be scheduled or what concessions Russia is prepared to offer. 36 00:02:06,520 --> 00:02:10,120 Speaker 1: Senate Minority Leader Chuck Schumer is firing back at his critics. 37 00:02:10,160 --> 00:02:12,320 Speaker 1: We get the latest from Bloomberg Stan Schwartzmann. 38 00:02:12,960 --> 00:02:15,640 Speaker 3: Schumer said he would not step down as minority leader, 39 00:02:15,880 --> 00:02:18,360 Speaker 3: despite calls from some Senate Democrats that he do so 40 00:02:18,720 --> 00:02:21,480 Speaker 3: after ending a blockade against the Republican spending plan to 41 00:02:21,520 --> 00:02:24,760 Speaker 3: keep the government from shutting down. On NBC's Meet the Press, 42 00:02:24,800 --> 00:02:26,919 Speaker 3: Schumer said he did so because a shutdown would have 43 00:02:26,960 --> 00:02:31,000 Speaker 3: handed President Trump an opportunity to quote eviscerate the government. 44 00:02:31,400 --> 00:02:34,120 Speaker 3: The minority leader also said he believed the American people 45 00:02:34,120 --> 00:02:37,080 Speaker 3: would rise up against Trump if he defied courts that 46 00:02:37,240 --> 00:02:40,959 Speaker 3: challenged his policies. Dan Schwartzman Bloomberg Radio. 47 00:02:40,919 --> 00:02:44,120 Speaker 1: Wall Straight is looking ahead to key economic releases on 48 00:02:44,200 --> 00:02:48,840 Speaker 1: inflation and global manufacturing, along with a smattering of earnings. 49 00:02:48,880 --> 00:02:50,720 Speaker 1: We have more from Bloomberg's Charlie Pellett. 50 00:02:50,880 --> 00:02:55,120 Speaker 5: Investors are grappling with weaker than estimated outlooks from Bellweathers 51 00:02:55,200 --> 00:02:59,080 Speaker 5: across a range of industries amid looming tariffs. Kate Moore 52 00:02:59,200 --> 00:03:03,280 Speaker 5: is chief Investment Officer for City Wealth at Citygroup Global Markets. 53 00:03:03,520 --> 00:03:05,920 Speaker 6: One of the things I'm worried about and slash watching 54 00:03:05,960 --> 00:03:08,600 Speaker 6: as we go into this next earning season is not 55 00:03:08,639 --> 00:03:11,240 Speaker 6: just whether or not companies take down their guidance, but 56 00:03:11,280 --> 00:03:13,600 Speaker 6: whether or not they pull guidance altogether. 57 00:03:13,760 --> 00:03:17,280 Speaker 5: Among the company's schedule to report this week, Lulu Lemon 58 00:03:17,560 --> 00:03:21,560 Speaker 5: and paychecks in New York Charlie Pellett Bloomberg Radio. 59 00:03:21,840 --> 00:03:24,640 Speaker 1: Congress is back, and one of the items on the 60 00:03:24,680 --> 00:03:28,480 Speaker 1: agenda this week the next steps for abolishing the Department 61 00:03:28,520 --> 00:03:31,919 Speaker 1: of Education. Here's Bloomberg's Amy Morris from Washington. 62 00:03:32,040 --> 00:03:34,840 Speaker 2: Republicans have long pushed for a Holy State led approach 63 00:03:34,840 --> 00:03:37,480 Speaker 2: to education, but passing a lot of clothes the agency 64 00:03:37,520 --> 00:03:40,800 Speaker 2: would require many swing district GOP lawmakers in the House 65 00:03:41,040 --> 00:03:45,120 Speaker 2: to take a politically risky position. Sixty House Republicans voted 66 00:03:45,160 --> 00:03:48,040 Speaker 2: last year against an amendment that would have terminated major 67 00:03:48,080 --> 00:03:51,160 Speaker 2: functions of the department. Even if Speaker Mike Johnson does 68 00:03:51,200 --> 00:03:53,640 Speaker 2: pull out a GOP only vote to shutter the department, 69 00:03:53,840 --> 00:03:56,560 Speaker 2: the Senate could still be a roadblock. Even as lawsuits 70 00:03:56,560 --> 00:03:59,320 Speaker 2: are pending from teachers and parents and state officials. The 71 00:03:59,360 --> 00:04:02,800 Speaker 2: administration has already laid off nearly half the workforce through 72 00:04:02,880 --> 00:04:06,000 Speaker 2: executive action. In Washington, Amymorris Bloomberg Radio. 73 00:04:06,240 --> 00:04:09,600 Speaker 1: A US Republican senator says that Beijing needs to take 74 00:04:09,640 --> 00:04:12,800 Speaker 1: action on stopping the flow of fentanyl precursors to the 75 00:04:12,920 --> 00:04:17,160 Speaker 1: US before talks can happen on trade. Senator Steve Danes 76 00:04:17,200 --> 00:04:20,800 Speaker 1: of Montana met recently with leaders in China, including Premier 77 00:04:20,880 --> 00:04:24,719 Speaker 1: Lee Chung Danes told Bloomberg, China understands the US is 78 00:04:24,800 --> 00:04:28,120 Speaker 1: requesting not to just slow but to stop the flow 79 00:04:28,160 --> 00:04:31,680 Speaker 1: of fentanyl precursors to the US. Here is Danes speaking 80 00:04:31,720 --> 00:04:33,560 Speaker 1: exclusively to Bloomberg. 81 00:04:33,400 --> 00:04:38,120 Speaker 7: That it'll be difficult to have any conversation about tariffs and 82 00:04:38,760 --> 00:04:44,719 Speaker 7: non tariff barriers until the FEMO precursor issue is resolved. 83 00:04:44,880 --> 00:04:50,159 Speaker 7: President trump position was heard loud and clear, and the 84 00:04:50,279 --> 00:04:55,120 Speaker 7: Chinese received that. They understood it, and we're hopeful that 85 00:04:55,240 --> 00:04:59,120 Speaker 7: we'll see decisive actions taken to stop the flow these precursors. 86 00:04:59,200 --> 00:05:03,560 Speaker 1: That was Montana GOP Senator Steve Daines speaking earlier to Bloomberg. Now, 87 00:05:03,600 --> 00:05:07,400 Speaker 1: the next step will be conversations between the two administrations 88 00:05:07,720 --> 00:05:11,200 Speaker 1: and a potential meeting between Chinese President Chi and President 89 00:05:11,240 --> 00:05:13,839 Speaker 1: Trump before the end of the year. And that is 90 00:05:13,960 --> 00:05:16,400 Speaker 1: news when you want it with Bloomberg News. Now, I'm 91 00:05:16,440 --> 00:05:18,279 Speaker 1: Doug Prisoner, and this is Bloomberg