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

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Speaker 1: US markets were shaken today by President Trump's continued verbal

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Speaker 1: attack on FED Chair J Powell. Trump has also suggested

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Speaker 1: that he has the ability to remove the FED chair.

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Speaker 1: Now we've seen how Trump's tariff policy has been a

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Speaker 1: major negative for financial markets, so has his undermining of

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Speaker 1: the Fed's independence. Shane Assisil is the president at Banry

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Speaker 1: on Capital Management.

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Speaker 2: It is a very very bad precedent to allow political

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Speaker 2: influence in the FED decisions. The FED is supposed to

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Speaker 2: be independent. We needed to be independent. We do not

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Speaker 2: want a FED that is influenced by the political leanings

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Speaker 2: of the president, no.

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Speaker 1: Matter what that is. Shane of Sisil from Banery on

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Speaker 1: Capital Management. Now economists are widely expecting Trump's tariffs to

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Speaker 1: boost inflation and slow growth, even if just temporarily. Earlier,

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Speaker 1: the President claimed there is virtually no inflation due to

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Speaker 1: low energy and food prices, and he went on to

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Speaker 1: blame the FED share for not lowering interest rates, giving

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Speaker 1: Powell the nickname mister too Late. On social media, Trump

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Speaker 1: warned that inaction by the FED may lead the American

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Speaker 1: economy to slow Tesla will be among the most closely

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Speaker 1: watched first quarter earninge's reports. On Tuesday, after the closing bell,

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Speaker 1: we have a preview from Bloomberg's Charlie Pellett.

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Speaker 3: Looming over everything in Tesla's report will be CEO elon

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Speaker 3: Musk's role in the White House. Danah Hall follows Tesla

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Speaker 3: for Bloomberg News. I think for Tesla shareholders and employees,

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Speaker 3: the big question is when does Musk step back from

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Speaker 3: DOGE and does he come back to Tesla full time

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Speaker 3: or not. The report comes those Tesla faces questions about

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Speaker 3: volume sales for twenty twenty five, progress on autonomous driving,

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Speaker 3: plans for a robotaxi network, and how tariffs will impact

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Speaker 3: profitability in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: Toma Bravo is in advanced talks to buy bo Owing's

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Speaker 1: navigation unit Jeppison. We are told a deal could be

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Speaker 1: announced later this week. Jefpison provides interactive flight plans. The

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Speaker 1: unit is profitable and commands a broad customer base from

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Speaker 1: airlines to amateur pilots. Boeing acquired Jeppison back in two

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Speaker 1: thousand at a price of one and a half billion

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Speaker 1: dollars in cash. President Trump says he and First Lady

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Speaker 1: Malania Trump will be attending the funeral of Pope Francis

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Speaker 1: in Rome. The eighty eight year old Pontiffs succumbed to

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Speaker 1: a cerebral stroke, coma and subsequent irreversible heart failure. Harvard

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Speaker 1: University has sued the Trump administration. The school is fighting

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Speaker 1: back as the White House threatens to slash billions of

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Speaker 1: dollars from the school's research funding. This is part of

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Speaker 1: a crusade against the nation's top colleges. Harvard's President Alan

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Speaker 1: Garber accused the government of trying to wield unprecedented and

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Speaker 1: improper control of the university. Garber said the consequences of

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Speaker 1: the government's actions would be severe and long lasting. Vice

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Speaker 1: President jdva Vans held trade talks today with Indian Prime

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Speaker 1: Minister Narendra Mody in New Delhi. India is looking to

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Speaker 1: strike an early trade deal with Washington that spares it

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Speaker 1: from President Trump's additional tariff hikes.

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Speaker 3: Now.

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Speaker 1: The White House said the talks yielded significant progress in

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Speaker 1: negotiations for a bilateral trade agreement. The statement also said

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Speaker 1: the two sides finalized a roadmap for a possible deal

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Speaker 1: to reduce the tariff burden. Now Mody is planning to

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Speaker 1: visit Washington later this year. That would be his second

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Speaker 1: such visit since Trump returned to the White House. The

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Speaker 1: President expressed support today for his Defense Secretary Pete Hegseth,

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Speaker 1: saying he's doing a great job despite criticism from quote

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Speaker 1: disgruntled employees. Now, Hegseth is facing scrutiny over sharing sensitive

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Speaker 1: plans for military attacks on Huthy rebels in two unsecured

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Speaker 1: signal chat groups, including one with his wife and brother.

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Speaker 1: Secretary Hegseth spoke to reporters earlier at the White House.

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Speaker 3: This is what the media does.

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Speaker 4: They take anonymous sources from disgruntled former employees and then

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Speaker 4: they try to slash and burn people and ruin their reputations.

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Speaker 4: Not going to work with me because we're changing the

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Speaker 4: Defense Department. People are pretty the Pentagon back in the

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Speaker 4: hands of warfighters, and anonymous smears from distruntled former employees

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Speaker 4: on old news doesn't matter.

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Speaker 1: That is Defense Secretary Pete Hegseth there now. White House

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Speaker 1: Press Secretary Caroline Levitt denied an earlier report today from

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Speaker 1: NPR that the Trump administration had begun a search for

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Speaker 1: Hegseth's replacement. Meantime, Hegseth expressed confidence in his job security,

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Speaker 1: saying he has spoken to the President and that they

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Speaker 1: are on the same page. And that is news when

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Speaker 1: you want it with Bloomberg News. Now, I'm Doug prisoner

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Speaker 1: and this is Bloomberg