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Speaker 1: News When you want. It's with Bloomberg News.

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Speaker 2: Now.

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Speaker 1: I'm Doug Chrisner. We begin with the Canadian national election.

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Speaker 1: The National Broadcasters CBC says Mark Carney has been elected

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Speaker 1: as Canada's Prime minister for a full term, with his

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Speaker 1: Liberal Party winning a fourth consecutive election. Bloomberg's David Gura

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Speaker 1: is in Ottawa.

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Speaker 3: This is a moment that was inconceivable just a few

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Speaker 3: short months ago when Justin Trudeau was in the end

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Speaker 3: of his ten year long prime ministership. Here in Canada,

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Speaker 3: there is widespread dissatisfaction with the direction of this country,

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Speaker 3: with the economy. Justin Trudeau represented that, the Liberal Party

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Speaker 3: represented that. And then we saw this change where Mark

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Speaker 3: Carney won that Liberal leadership election and Donald Trump returned

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Speaker 3: to the White House in Washington, and that changed everything.

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Speaker 3: It changed the entire dialogue around the political landscape here

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Speaker 3: in Canada. So yes continued to be about the state

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Speaker 3: of the Canadian economy, about debts and deficits and a

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Speaker 3: housing shortage in this country. But was really resident were

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Speaker 3: the threats from Donald Trump that came over and over again.

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Speaker 1: That is Bloomberg's David Gura. Meantime, President Trump is on

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Speaker 1: track to so often the impact of his auto tariffs.

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Speaker 1: We are told the President will prevent duties from foreign

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Speaker 1: made cars from stacking on top of other tariffs such

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Speaker 1: as steel and aluminum. The President would also ease some

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Speaker 1: levies on foreign auto parts used to manufacture cars in

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Speaker 1: the US. Here is Bloomberg skylar Woodhouse.

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Speaker 4: I think what we've been hearing a lot from the

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Speaker 4: President in his administration is, you know, they've been scouting

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Speaker 4: over open the deals were in negotiations. But also what

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Speaker 4: we've heard throughout this whole Terrrist story is you know

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Speaker 4: that things are going to be maybe not as bad

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Speaker 4: as folks anticipated them to be. I mean, the President

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Speaker 4: has said, oh, well they'll be you know, a little

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Speaker 4: bit of pressure, but it'll still be on the more.

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Speaker 1: Conservative And that is Bloomberg skylar Woodhouse. Now this news

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Speaker 1: comes as President Trump is preparing to travel to Michigan,

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Speaker 1: the heart of the American automobile industry. That is where

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Speaker 1: he will mark one hundred days in office. In a

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Speaker 1: second term, US Treasury Secretary Scott Best has set a

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Speaker 1: goal of July fourth to pass President Trump's multi trillion

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Speaker 1: dollar tax cut package. Today, Bessant and National Economic Director

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Speaker 1: Kevin Hassett met with congressional leaders to discuss the tax bill.

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Speaker 1: Patrick McHenry is former US Representative of North Carolina. He says,

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Speaker 1: the pressure is on for Congress to pass a tax bill.

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Speaker 2: You better have this thing planned out hour by hour

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Speaker 2: between now and the fourth of July recess. That is

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Speaker 2: really what you have to expect that Congress has to

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Speaker 2: get this tax bill done by If it slips to

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Speaker 2: past July fourth, then the August recess is the backstop.

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Speaker 2: So you really have three weeks in May to actually

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Speaker 2: get the committee work done, and got the whole month

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Speaker 2: of June to actually get this across the House and

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Speaker 2: Center floor.

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Speaker 1: Patrick McHenry there, He is former Congressman from North Carolina.

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Speaker 1: At the same time today, Treasury Secretary Bessant also said

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Speaker 1: the tax revenue is up compared to last year and

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Speaker 1: that may in turn delay the government hitting its legal

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Speaker 1: debt limit. He said an official estimate of the debt

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Speaker 1: sealing default date is expected later in the week or

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Speaker 1: next week. Russian President Vladimir Putin has declared a three

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Speaker 1: day ceasefire in the war on Ukraine to mark the

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Speaker 1: eightieth anniversary of the victory in World War II. Now,

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Speaker 1: this pause in fighting will happen between May eighth and

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Speaker 1: May tenth, and it comes after a Secretary of State,

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Speaker 1: Marco Rubio spoke yesterday with Russian Foreign Minister Sergei Lavrov.

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Speaker 1: Kay Bailey Hutchinson is a former US Ambassador to NATO.

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Speaker 5: It is in everyone's interest to have as long a

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Speaker 5: ceasefire as possible so that real negotiations can go on

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Speaker 5: for a final result. That would be my instinct. Whatever

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Speaker 5: they can agree to that would be a real ceasefire

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Speaker 5: would be helpful, because, of course, the less they had

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Speaker 5: an agreement, Russia broke the agreement.

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Speaker 1: Kay Bailey Hutchinson there former US Ambassador to NATO. Now

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Speaker 1: the announcement from Moscow was met with disappointment in Washington.

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Speaker 1: White House Press Secretary Caroline Levitt said President Trump wants

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Speaker 1: a permanent end to hostilities, and he's increasingly frustrated with

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Speaker 1: the leaders of both Russia and Ukraine. Meantime. In a

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Speaker 1: post on ex Ukrainian President Voladimir Zelensky said this pause

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Speaker 1: in fighting is another attempt of manipulation by Russia. Zelenski

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Speaker 1: said there is no reason to wait for a ceasefire

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Speaker 1: until May eighth. We go next to New York State,

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Speaker 1: where Governor Kathy Hokeel announced a record two hundred and

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Speaker 1: fifty four billion dollar budget deal with lawmakers and this

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Speaker 1: ends a month's long stalemate. Hokeel said the budget will

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Speaker 1: increase public safety and improve affordability in New York. Here

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Speaker 1: is Hokul speaking at a press conference.

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Speaker 6: We're still meeting the needs of New Yorkers and delivering

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Speaker 6: results for all of them, with Maya, Oh John that

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Speaker 6: we're putting nearly five thousand dollars back in your pockets

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Speaker 6: and making our streets and subways safer. That's what this

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Speaker 6: budget is all about.

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Speaker 1: That was New York Governor Kathy Hokeel speaking. There. By

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Speaker 1: the way, this budget deal will now go to the

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Speaker 1: New York Legislature for a full vote. And that is

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Speaker 1: news when you want it. With Bloomberg News now, I'm

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Speaker 1: Doug Chrisner and this is Bloomberg