WEBVTT - Trump Weighs Tehran Proposal; Kimmel Defends Comments about First Lady

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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<v Speaker 2>are the stories we're following today.

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<v Speaker 3>Karen, we begin with the latest on efforts to resolve

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<v Speaker 3>the war with Iran. President Trump has gotten his national

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<v Speaker 3>security team together to discuss the latest proposal.

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<v Speaker 4>From Tehran for an interim deal.

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<v Speaker 3>Here's White House Press Secretary Caroline Levitt the proposal.

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<v Speaker 5>Was being discussed.

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<v Speaker 2>I don't want to get ahead of the President or

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<v Speaker 2>his national security team.

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<v Speaker 6>What I will reiterate is that the President's read lines

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<v Speaker 6>with respect to Iran have been made very very clear.

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<v Speaker 3>Press Secretary Caroline Levitt spoke at a White House news

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<v Speaker 3>conference heard live on Bloomberg Radio. Bloomberg's Jumana Borsecci has

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<v Speaker 3>more on what Iran is proposing.

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<v Speaker 7>That involves a mutual lifting of the blockades that are

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<v Speaker 7>around the Strait of Hormas right now, So not just

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<v Speaker 7>Iran lifting their bookade, but the US as well lifting THEIRS.

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<v Speaker 8>In turn.

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<v Speaker 7>Iran also asking for reparations and guarantees that the US

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<v Speaker 7>are not going to strike again. But crucially here a

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<v Speaker 7>deferral of negotiations around the nuclear file.

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<v Speaker 3>Sloomberg Middle East corresponded Jumana Borsecchi in Dubai. Secretary of

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<v Speaker 3>State Marco Rubio told Fox News that Iran's offer is

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<v Speaker 3>better than what the White House thought they'd submit, but

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<v Speaker 3>the White House says Tehran still cannot be allowed to

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<v Speaker 3>build a nuclear weapon.

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<v Speaker 2>Well Nathan criticism of the US from a world leader.

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<v Speaker 2>Germany's Friedrich Mertz says the US had been humiliated by Iran.

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<v Speaker 4>Yeah, kennim omni figure.

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<v Speaker 5>At the moment, I can't tell what strategic exit the

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<v Speaker 5>Americans are pursuing, especially since the Iranians are obviously negotiating

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<v Speaker 5>very skillfully, or perhaps very skillfully refusing to negotiate and

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<v Speaker 5>then letting the Americans travel to Islamabad only to send

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<v Speaker 5>them back without any results. An entire nation is being

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<v Speaker 5>humiliated by the Iranian leadership, especially by the so called

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<v Speaker 5>Revolutionary Guards.

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<v Speaker 2>Germany's Friedrich Mertz, speaking through an interpreter. Europe's leaders are

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<v Speaker 2>increasingly criticizing President Trump, who has suggested he might leave

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<v Speaker 2>the NATO alliance.

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<v Speaker 3>With Karen Uk and US relations have also been strained.

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<v Speaker 3>That is the backdrop as King Charles the Third continues

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<v Speaker 3>his state visit to Washington. Let's get the very latest

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<v Speaker 3>from Bloomberg's Tiwa auto bio in London.

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<v Speaker 4>Good morning, Tiwa, Good morning, Nathan and Karen King.

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<v Speaker 9>Charles the Third is set to embrace some of Washington's

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<v Speaker 9>most formal ceremonial trappings today as he tries to emphasize

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<v Speaker 9>the bond between the United Kingdom and the United States.

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<v Speaker 9>It's the monarch's first visit to the country since ascending

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<v Speaker 9>to the throne, and it takes place amidst fraught relations

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<v Speaker 9>between the two countries due to disagreements over the war

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<v Speaker 9>in Iran. He'll be accompanied by Queen Camilla and will

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<v Speaker 9>become the first British sovereign to address the US Congress

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<v Speaker 9>since his mother, Queen Elizabeth in nineteen ninety one. But

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<v Speaker 9>not everything that will be plain sailing during this four

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<v Speaker 9>day visit. Charles has faced some calls to meet with

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<v Speaker 9>victims of Jeffrey Epstein whilst he's in the US. There's

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<v Speaker 9>no indication that he will do so, and that's even

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<v Speaker 9>as the scoundal involving the convicted sense offender has ensnared

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<v Speaker 9>his brother Andrew, who was arrested in February over misconduct

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<v Speaker 9>allegations which he does deny. In London, Team Adabaya, Bloomberg Radio, all.

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<v Speaker 2>Right, Tiva, thank you. The suspect in the shooting at

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<v Speaker 2>the White House, correspondent to dinner over the weekend, is

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<v Speaker 2>being charged with trying to kill President Trump and Bloomberg.

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<v Speaker 2>John Tucker joins us with the very latest, John, Good Morning.

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<v Speaker 6>Good Morning Karen. A criminal complaint says suspect Cole Allen

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<v Speaker 6>vowed in a lengthy letter to go after administration officials

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<v Speaker 6>quote targets prioritized from highest ranking to lowest. The acting

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<v Speaker 6>Attorney General Tom blanche laid out the most serious charge.

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<v Speaker 10>The first count is a tempted assassination of the President

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<v Speaker 10>of the United States.

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<v Speaker 4>This count is punishable by up to life in prison.

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<v Speaker 6>The sunspect's letter doesn't actually name President Trump at any

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<v Speaker 6>point directly, but he does express a list of grievances

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<v Speaker 6>about the administration's policies. The suspect appeared in court flanked

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<v Speaker 6>by two public defenders. According prosecutors, Allan spent years acquiring

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<v Speaker 6>an arsenal. What arrested, he had a shotgun, a pistol,

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<v Speaker 6>and three knives. His attorney said he has no prior

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<v Speaker 6>rests or convictions John Tucker Bloomberg Radio.

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<v Speaker 4>Okay, John, Thanks.

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<v Speaker 3>The shooting at the dinners sparked a renewed push for

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<v Speaker 3>President Trump's White House ballroom, and now some key Republican

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<v Speaker 3>Senators are pushing to pay for the project with taxpayer funds.

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<v Speaker 3>They include Senate Budget Committee Chairman Lindsey Graham.

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<v Speaker 4>The times in which we live are unusual.

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<v Speaker 11>I've been up here for for a while now, I've

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<v Speaker 11>never felt the sense of threat that exists today.

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<v Speaker 3>Senator Lindsay Graham's bill would authorize four hundred million dollars

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<v Speaker 3>to pay for the ballroom, with revenue from customs fees

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<v Speaker 3>as well as private donations. Housman Arti leader Jakim jeffries

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<v Speaker 3>Is called the ballroom a vanity project and says Congress

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<v Speaker 3>should focus on the cost of living, the Iran War,

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<v Speaker 3>and President Trump's immigration crackdown.

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<v Speaker 2>Nathan, there is controversy once again involving Late night host

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<v Speaker 2>Jimmy Kimmel and the First family. Both President Trump and

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<v Speaker 2>First Lady Malania Trump are calling on ABC to fire

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<v Speaker 2>Kimmel for a joke he made a few nights before

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<v Speaker 2>the White House Correspondents Dinner. The comic described the First

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<v Speaker 2>Lady as having quote the glow of an expectant widow.

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<v Speaker 2>Kimmel says the barb was in reference to the age

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<v Speaker 2>difference between the President and the First Lady.

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<v Speaker 12>Obviously was a joke about their age difference and the

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<v Speaker 12>look of joy we see on her face every time

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<v Speaker 12>they're together. It was a very light, roast joke about

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<v Speaker 12>the fact that he's almost eighty and she's younger than

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<v Speaker 12>I am.

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<v Speaker 4>It was not, by any.

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<v Speaker 12>Stretch of the definition, a call to assassination.

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<v Speaker 2>And Kimme previously found himself in hot water for controversial

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<v Speaker 2>comments he made after the assassination of conservative political activists

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<v Speaker 2>Charlie Kirk in September. The earnings and focus in Europe,

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<v Speaker 2>and we go to London and get the very latest

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<v Speaker 2>of Bloomberg's You.

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<v Speaker 13>In Pots You and Good Morning Karena Nathan. A bump

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<v Speaker 13>a day for European earnings. Unfortunately not a bump of

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<v Speaker 13>quarter though for traders at Barclay's Fixed Think and revenues

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<v Speaker 13>were broadly flat at the British bank compared to a

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<v Speaker 13>year ago, with equities revenues up sixteen percent, returns falling

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<v Speaker 13>short of US rivals. After their strong quarter when it

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<v Speaker 13>comes to oil trading. Though, there was better news for

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<v Speaker 13>London based BP shares Hire today after spiraling energy prices

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<v Speaker 13>drove a surge in profits from trading and refining, beating

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<v Speaker 13>analyst forecasts in London. I'm you and pot Splomberg Radio.

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<v Speaker 4>All right you and thank you.

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<v Speaker 3>There are some disappointing numbers apparently out of open Ai.

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<v Speaker 3>The Wall Street journals reporting the chat gpt maker recently

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<v Speaker 3>failed to meet its own goals for new user acquisition

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<v Speaker 3>and sales, while rival Anthropic gained ground in the coding

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<v Speaker 3>and enterprise markets. The results are said to be fueling

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<v Speaker 3>internal concerns that open Ai may struggle to support its

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<v Speaker 3>astronomical spending on AI infrastructure. Shares of SoftBank, which committed

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<v Speaker 3>more than sixty four billion dollars to open Ai, fell

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<v Speaker 3>almost ten percent in Tokyo Trading and.

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<v Speaker 2>Nathan speaking of open Ai, nine jurors in the San

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<v Speaker 2>Francisco Bay area have been seated in the EI industry's

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<v Speaker 2>closely watched trial between Elon Musk and open Ai chief

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<v Speaker 2>Sam Oltman. The trial centers on the twenty fifteen birth

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<v Speaker 2>of chat gpt maker. Open Ai is a nonprofit startup

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<v Speaker 2>primarily funded by Musk before evolving.

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<v Speaker 4>Into a capitalistic venture.

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<v Speaker 2>The lawsuit accuses Alltment of double crossing Musk by straying

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<v Speaker 2>from the company's founding mission to be an altruistic steward

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<v Speaker 2>of a revolutionary technology and instead shifting into a money

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<v Speaker 2>making mode behind his back. Time now for look at

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<v Speaker 2>some of the other stories making news in New York

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<v Speaker 2>and around the world. And from that we're joined by

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<v Speaker 2>Bloomberg's Michael Barr. Michael, Good morning, Good.

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<v Speaker 14>Morning, Karen. The congressional deadlock over funding the Department of

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<v Speaker 14>Homeland Security is now back in focus after Saturday shooting

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<v Speaker 14>at the whine House Correspondent's dinner. Senate Majority Leader John

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<v Speaker 14>Thune blamed Democrat chest today for refusing to negotiate on

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<v Speaker 14>an appropriations bill.

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<v Speaker 15>Saturday Knights Advance were a grim reminder of the need

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<v Speaker 15>for law enforcement, and incredibly, some of the law enforcement

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<v Speaker 15>officers who responded are working for department that is currently

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<v Speaker 15>completely unfunded.

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<v Speaker 14>But Senate Minority Leader Chuck Schumer defended his party, turning

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<v Speaker 14>it on Thune's colleagues in the House.

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<v Speaker 16>At this very moment, funding for Secret Service and so

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<v Speaker 16>many other agencies is sitting idly in the House of Representatives,

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<v Speaker 16>not waiting for Democrats. We don't run the House waiting

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<v Speaker 16>for Republicans.

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<v Speaker 14>Democrats have called for reforms following the deadly shootings of

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<v Speaker 14>two people in Minnesota. Jessica Man is testifying against Harvey

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<v Speaker 14>Weinstein for a third time. Recounting her allegation of a

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<v Speaker 14>twenty thirteen rape in a Manhattan hotel. Man described the

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<v Speaker 14>early stages of a relationship with Weinstein, which she said

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<v Speaker 14>started with professional advice and turned sexual and ultimately descended

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<v Speaker 14>into rape. Weinstein denies sexually assaulting anyone. New York mayors

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<v Speaker 14>Aroon Memdani kicked around the idea of free FIFA events

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<v Speaker 14>for the city when the World Cup is in town.

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<v Speaker 14>Some of the soccer events at MetLife Stadium in New

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<v Speaker 14>Jersey surrounding the globals sport are cost prohibitive, so Mamdani

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<v Speaker 14>got state leaders and the FIFA organization to host free

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<v Speaker 14>fan events, one in each borough.

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<v Speaker 11>These events were not initially set to be free, but

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<v Speaker 11>the world's game should belong to the world, and so

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<v Speaker 11>we've made the decision together for fans to be able

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<v Speaker 11>to watch that together without having to spend a dollar.

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<v Speaker 14>Governor Hochel said she's working on one day permits to

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<v Speaker 14>allow bars and restaurants to host outdoor events, even allowing

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<v Speaker 14>them to extend their hours to four AM. Global News

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<v Speaker 14>twenty four hours a day and whenever you want it

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<v Speaker 14>with Bloomberg News Now Michael Barr and this is Bloomberg

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<v Speaker 14>Karen Well, Thanks Michael.

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<v Speaker 2>All time now for our Bloomberg Sports Update, and for

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<v Speaker 2>that can bring in John Stash.

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<v Speaker 1>Hours, Thanks Jared. First team to move in to the

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<v Speaker 1>second round of the NBA Playoffs last year's champions, the

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<v Speaker 1>Oklahoma City Thunder. They complete the first round sweep of

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<v Speaker 1>the Suns with a win in Phoenix, Denver State Alive

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<v Speaker 1>beating Minnesota and leads three games to two in a

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<v Speaker 1>surprise eight seed of Orlando again beat Detroit. The Magic

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<v Speaker 1>have a three to one lead on the top seeded Pistons.

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<v Speaker 1>Stanley cuple off the Penguin State Alive beating Philadelphia Flyers

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<v Speaker 1>Steely in three games to two. Vegas an overtime win

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<v Speaker 1>at Utah that series tied at too Bloomberg Sports Update.

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<v Speaker 4>Stay with us.

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<v Speaker 2>More from Bloomberg Daybreak coming up after.

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<v Speaker 10>This Coast to Coast on Bloomberg Radio nationwide on Sirius

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<v Speaker 10>XM and around the world on Bloomberg dot Com and

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<v Speaker 10>the Bloomberg Business app.

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<v Speaker 4>This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.

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<v Speaker 3>With the US Israeli war with Iran at the two

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<v Speaker 3>month mark today and with negotiations and the Strait of

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<v Speaker 3>Horror moves at a near standstill, the White House says

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<v Speaker 3>President Trump is reviewing Iran's latest proposal for an interim

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<v Speaker 3>deal to reopen the strait and leave nuclear negotiations for later.

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<v Speaker 3>Joining US now is Terry Haynes, the founder of Pangaea Policy. Terry,

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<v Speaker 3>from what we understand about this proposal, is this going

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<v Speaker 3>anywhere in this White House?

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<v Speaker 4>Good morning, Good.

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<v Speaker 8>Morning, Nathan. Couple of things. One is based on what

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<v Speaker 8>we know about it in public. I'd say the Iran

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<v Speaker 8>proposal is unserious on its face, it's not designed to

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<v Speaker 8>give the United States anything to work with, and as

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<v Speaker 8>yet another signal that the higher GC hardliners don't want

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<v Speaker 8>to deal on any terms but their own. But also

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<v Speaker 8>I think betrays weakness. But you know, the Trump will

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<v Speaker 8>try to come back with a counter. Firstly, Secondly, I

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<v Speaker 8>would look for indications of continued United States military readiness

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<v Speaker 8>and maybe a preparation to resume hostilities. And finally, and

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<v Speaker 8>this is my own instinct to be clear, there's a

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<v Speaker 8>possibility that they may be talking to China about maybe

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<v Speaker 8>driving a wedge here. Chijim Hang says he wants the

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<v Speaker 8>straight open while they can help.

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<v Speaker 3>We've seen from China, though, at least from the President's side,

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<v Speaker 3>that they received a gift, as the President put it,

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<v Speaker 3>or they that the US intercepted against from China, possibly

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<v Speaker 3>for Iran.

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<v Speaker 4>Where is China amidst all this?

0:12:09.200 --> 0:12:12.319
<v Speaker 8>China likes to play both sides and it's doing it.

0:12:12.440 --> 0:12:15.880
<v Speaker 8>You know, it continues. Irana is basically a client state

0:12:15.920 --> 0:12:20.719
<v Speaker 8>of China, and China continues to support it. China is

0:12:21.000 --> 0:12:24.079
<v Speaker 8>just you know, just very similar to Russia. Basically sucks

0:12:24.120 --> 0:12:28.840
<v Speaker 8>all the energy and oil out of out of Iran

0:12:29.400 --> 0:12:33.520
<v Speaker 8>in order to continue to feed and feed itself and

0:12:34.000 --> 0:12:38.679
<v Speaker 8>feed its industries. And you know, so they are, they

0:12:38.720 --> 0:12:41.880
<v Speaker 8>are very much beholden to China. And at the same time,

0:12:42.400 --> 0:12:45.679
<v Speaker 8>China indicates it with much fanfare last week to the

0:12:45.720 --> 0:12:50.120
<v Speaker 8>Saudi Crown Prince, which is not incidental that it wants

0:12:50.160 --> 0:12:53.040
<v Speaker 8>to straight open. So, you know, we've got a situation

0:12:53.200 --> 0:12:57.360
<v Speaker 8>where the Iranian situation again continues to cross over with

0:12:57.600 --> 0:13:02.480
<v Speaker 8>the Trump China summit, and I look for an opportunity

0:13:02.559 --> 0:13:05.200
<v Speaker 8>there to where Trump may want to make something out

0:13:05.240 --> 0:13:05.360
<v Speaker 8>of it.

0:13:05.920 --> 0:13:07.960
<v Speaker 3>Just thirty seconds left, Terry, have we heard the German

0:13:08.040 --> 0:13:11.719
<v Speaker 3>Chancellor say that the US has been humiliated in negotiations

0:13:11.760 --> 0:13:14.360
<v Speaker 3>with Ron and now with King Charles in the US.

0:13:14.880 --> 0:13:17.640
<v Speaker 4>Where do you see the Transatlantic alliance right now?

0:13:18.760 --> 0:13:22.120
<v Speaker 8>The Transatlantic Alliance is in a situation where Trump is

0:13:22.200 --> 0:13:24.600
<v Speaker 8>very unhappy with the Europeans for a variety of reasons,

0:13:24.640 --> 0:13:29.960
<v Speaker 8>including not supporting the American war effort. At the same time,

0:13:30.360 --> 0:13:32.959
<v Speaker 8>Europe continues to not only not want to try to

0:13:33.000 --> 0:13:36.960
<v Speaker 8>solve its own problems economic or military, but they always

0:13:37.000 --> 0:13:39.520
<v Speaker 8>find it convenient to blame the United States rather than

0:13:40.080 --> 0:13:41.920
<v Speaker 8>the point the finger of themselves.

0:13:43.400 --> 0:13:46.800
<v Speaker 2>This is Bloomberg Daybreak, your morning podcast and the stories

0:13:46.880 --> 0:13:49.840
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<v Speaker 3>Ray