Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with the latest on efforts to resolve
Speaker 3: the war with Iran. President Trump has gotten his national
Speaker 3: security team together to discuss the latest proposal.
Speaker 4: From Tehran for an interim deal.
Speaker 3: Here's White House Press Secretary Caroline Levitt the proposal.
Speaker 5: Was being discussed.
Speaker 2: I don't want to get ahead of the President or
Speaker 2: his national security team.
Speaker 6: What I will reiterate is that the President's read lines
Speaker 6: with respect to Iran have been made very very clear.
Speaker 3: Press Secretary Caroline Levitt spoke at a White House news
Speaker 3: conference heard live on Bloomberg Radio. Bloomberg's Jumana Borsecci has
Speaker 3: more on what Iran is proposing.
Speaker 7: That involves a mutual lifting of the blockades that are
Speaker 7: around the Strait of Hormas right now, So not just
Speaker 7: Iran lifting their bookade, but the US as well lifting THEIRS.
Speaker 8: In turn.
Speaker 7: Iran also asking for reparations and guarantees that the US
Speaker 7: are not going to strike again. But crucially here a
Speaker 7: deferral of negotiations around the nuclear file.
Speaker 3: Sloomberg Middle East corresponded Jumana Borsecchi in Dubai. Secretary of
Speaker 3: State Marco Rubio told Fox News that Iran's offer is
Speaker 3: better than what the White House thought they'd submit, but
Speaker 3: the White House says Tehran still cannot be allowed to
Speaker 3: build a nuclear weapon.
Speaker 2: Well Nathan criticism of the US from a world leader.
Speaker 2: Germany's Friedrich Mertz says the US had been humiliated by Iran.
Speaker 4: Yeah, kennim omni figure.
Speaker 5: At the moment, I can't tell what strategic exit the
Speaker 5: Americans are pursuing, especially since the Iranians are obviously negotiating
Speaker 5: very skillfully, or perhaps very skillfully refusing to negotiate and
Speaker 5: then letting the Americans travel to Islamabad only to send
Speaker 5: them back without any results. An entire nation is being
Speaker 5: humiliated by the Iranian leadership, especially by the so called
Speaker 5: Revolutionary Guards.
Speaker 2: Germany's Friedrich Mertz, speaking through an interpreter. Europe's leaders are
Speaker 2: increasingly criticizing President Trump, who has suggested he might leave
Speaker 2: the NATO alliance.
Speaker 3: With Karen Uk and US relations have also been strained.
Speaker 3: That is the backdrop as King Charles the Third continues
Speaker 3: his state visit to Washington. Let's get the very latest
Speaker 3: from Bloomberg's Tiwa auto bio in London.
Speaker 4: Good morning, Tiwa, Good morning, Nathan and Karen King.
Speaker 9: Charles the Third is set to embrace some of Washington's
Speaker 9: most formal ceremonial trappings today as he tries to emphasize
Speaker 9: the bond between the United Kingdom and the United States.
Speaker 9: It's the monarch's first visit to the country since ascending
Speaker 9: to the throne, and it takes place amidst fraught relations
Speaker 9: between the two countries due to disagreements over the war
Speaker 9: in Iran. He'll be accompanied by Queen Camilla and will
Speaker 9: become the first British sovereign to address the US Congress
Speaker 9: since his mother, Queen Elizabeth in nineteen ninety one. But
Speaker 9: not everything that will be plain sailing during this four
Speaker 9: day visit. Charles has faced some calls to meet with
Speaker 9: victims of Jeffrey Epstein whilst he's in the US. There's
Speaker 9: no indication that he will do so, and that's even
Speaker 9: as the scoundal involving the convicted sense offender has ensnared
Speaker 9: his brother Andrew, who was arrested in February over misconduct
Speaker 9: allegations which he does deny. In London, Team Adabaya, Bloomberg Radio, all.
Speaker 2: Right, Tiva, thank you. The suspect in the shooting at
Speaker 2: the White House, correspondent to dinner over the weekend, is
Speaker 2: being charged with trying to kill President Trump and Bloomberg.
Speaker 2: John Tucker joins us with the very latest, John, Good Morning.
Speaker 6: Good Morning Karen. A criminal complaint says suspect Cole Allen
Speaker 6: vowed in a lengthy letter to go after administration officials
Speaker 6: quote targets prioritized from highest ranking to lowest. The acting
Speaker 6: Attorney General Tom blanche laid out the most serious charge.
Speaker 10: The first count is a tempted assassination of the President
Speaker 10: of the United States.
Speaker 4: This count is punishable by up to life in prison.
Speaker 6: The sunspect's letter doesn't actually name President Trump at any
Speaker 6: point directly, but he does express a list of grievances
Speaker 6: about the administration's policies. The suspect appeared in court flanked
Speaker 6: by two public defenders. According prosecutors, Allan spent years acquiring
Speaker 6: an arsenal. What arrested, he had a shotgun, a pistol,
Speaker 6: and three knives. His attorney said he has no prior
Speaker 6: rests or convictions John Tucker Bloomberg Radio.
Speaker 4: Okay, John, Thanks.
Speaker 3: The shooting at the dinners sparked a renewed push for
Speaker 3: President Trump's White House ballroom, and now some key Republican
Speaker 3: Senators are pushing to pay for the project with taxpayer funds.
Speaker 3: They include Senate Budget Committee Chairman Lindsey Graham.
Speaker 4: The times in which we live are unusual.
Speaker 11: I've been up here for for a while now, I've
Speaker 11: never felt the sense of threat that exists today.
Speaker 3: Senator Lindsay Graham's bill would authorize four hundred million dollars
Speaker 3: to pay for the ballroom, with revenue from customs fees
Speaker 3: as well as private donations. Housman Arti leader Jakim jeffries
Speaker 3: Is called the ballroom a vanity project and says Congress
Speaker 3: should focus on the cost of living, the Iran War,
Speaker 3: and President Trump's immigration crackdown.
Speaker 2: Nathan, there is controversy once again involving Late night host
Speaker 2: Jimmy Kimmel and the First family. Both President Trump and
Speaker 2: First Lady Malania Trump are calling on ABC to fire
Speaker 2: Kimmel for a joke he made a few nights before
Speaker 2: the White House Correspondents Dinner. The comic described the First
Speaker 2: Lady as having quote the glow of an expectant widow.
Speaker 2: Kimmel says the barb was in reference to the age
Speaker 2: difference between the President and the First Lady.
Speaker 12: Obviously was a joke about their age difference and the
Speaker 12: look of joy we see on her face every time
Speaker 12: they're together. It was a very light, roast joke about
Speaker 12: the fact that he's almost eighty and she's younger than
Speaker 12: I am.
Speaker 4: It was not, by any.
Speaker 12: Stretch of the definition, a call to assassination.
Speaker 2: And Kimme previously found himself in hot water for controversial
Speaker 2: comments he made after the assassination of conservative political activists
Speaker 2: Charlie Kirk in September. The earnings and focus in Europe,
Speaker 2: and we go to London and get the very latest
Speaker 2: of Bloomberg's You.
Speaker 13: In Pots You and Good Morning Karena Nathan. A bump
Speaker 13: a day for European earnings. Unfortunately not a bump of
Speaker 13: quarter though for traders at Barclay's Fixed Think and revenues
Speaker 13: were broadly flat at the British bank compared to a
Speaker 13: year ago, with equities revenues up sixteen percent, returns falling
Speaker 13: short of US rivals. After their strong quarter when it
Speaker 13: comes to oil trading. Though, there was better news for
Speaker 13: London based BP shares Hire today after spiraling energy prices
Speaker 13: drove a surge in profits from trading and refining, beating
Speaker 13: analyst forecasts in London. I'm you and pot Splomberg Radio.
Speaker 4: All right you and thank you.
Speaker 3: There are some disappointing numbers apparently out of open Ai.
Speaker 3: The Wall Street journals reporting the chat gpt maker recently
Speaker 3: failed to meet its own goals for new user acquisition
Speaker 3: and sales, while rival Anthropic gained ground in the coding
Speaker 3: and enterprise markets. The results are said to be fueling
Speaker 3: internal concerns that open Ai may struggle to support its
Speaker 3: astronomical spending on AI infrastructure. Shares of SoftBank, which committed
Speaker 3: more than sixty four billion dollars to open Ai, fell
Speaker 3: almost ten percent in Tokyo Trading and.
Speaker 2: Nathan speaking of open Ai, nine jurors in the San
Speaker 2: Francisco Bay area have been seated in the EI industry's
Speaker 2: closely watched trial between Elon Musk and open Ai chief
Speaker 2: Sam Oltman. The trial centers on the twenty fifteen birth
Speaker 2: of chat gpt maker. Open Ai is a nonprofit startup
Speaker 2: primarily funded by Musk before evolving.
Speaker 4: Into a capitalistic venture.
Speaker 2: The lawsuit accuses Alltment of double crossing Musk by straying
Speaker 2: from the company's founding mission to be an altruistic steward
Speaker 2: of a revolutionary technology and instead shifting into a money
Speaker 2: making mode behind his back. Time now for look at
Speaker 2: some of the other stories making news in New York
Speaker 2: and around the world. And from that we're joined by
Speaker 2: Bloomberg's Michael Barr. Michael, Good morning, Good.
Speaker 14: Morning, Karen. The congressional deadlock over funding the Department of
Speaker 14: Homeland Security is now back in focus after Saturday shooting
Speaker 14: at the whine House Correspondent's dinner. Senate Majority Leader John
Speaker 14: Thune blamed Democrat chest today for refusing to negotiate on
Speaker 14: an appropriations bill.
Speaker 15: Saturday Knights Advance were a grim reminder of the need
Speaker 15: for law enforcement, and incredibly, some of the law enforcement
Speaker 15: officers who responded are working for department that is currently
Speaker 15: completely unfunded.
Speaker 14: But Senate Minority Leader Chuck Schumer defended his party, turning
Speaker 14: it on Thune's colleagues in the House.
Speaker 16: At this very moment, funding for Secret Service and so
Speaker 16: many other agencies is sitting idly in the House of Representatives,
Speaker 16: not waiting for Democrats. We don't run the House waiting
Speaker 16: for Republicans.
Speaker 14: Democrats have called for reforms following the deadly shootings of
Speaker 14: two people in Minnesota. Jessica Man is testifying against Harvey
Speaker 14: Weinstein for a third time. Recounting her allegation of a
Speaker 14: twenty thirteen rape in a Manhattan hotel. Man described the
Speaker 14: early stages of a relationship with Weinstein, which she said
Speaker 14: started with professional advice and turned sexual and ultimately descended
Speaker 14: into rape. Weinstein denies sexually assaulting anyone. New York mayors
Speaker 14: Aroon Memdani kicked around the idea of free FIFA events
Speaker 14: for the city when the World Cup is in town.
Speaker 14: Some of the soccer events at MetLife Stadium in New
Speaker 14: Jersey surrounding the globals sport are cost prohibitive, so Mamdani
Speaker 14: got state leaders and the FIFA organization to host free
Speaker 14: fan events, one in each borough.
Speaker 11: These events were not initially set to be free, but
Speaker 11: the world's game should belong to the world, and so
Speaker 11: we've made the decision together for fans to be able
Speaker 11: to watch that together without having to spend a dollar.
Speaker 14: Governor Hochel said she's working on one day permits to
Speaker 14: allow bars and restaurants to host outdoor events, even allowing
Speaker 14: them to extend their hours to four AM. Global News
Speaker 14: twenty four hours a day and whenever you want it
Speaker 14: with Bloomberg News Now Michael Barr and this is Bloomberg
Speaker 14: Karen Well, Thanks Michael.
Speaker 2: All time now for our Bloomberg Sports Update, and for
Speaker 2: that can bring in John Stash.
Speaker 1: Hours, Thanks Jared. First team to move in to the
Speaker 1: second round of the NBA Playoffs last year's champions, the
Speaker 1: Oklahoma City Thunder. They complete the first round sweep of
Speaker 1: the Suns with a win in Phoenix, Denver State Alive
Speaker 1: beating Minnesota and leads three games to two in a
Speaker 1: surprise eight seed of Orlando again beat Detroit. The Magic
Speaker 1: have a three to one lead on the top seeded Pistons.
Speaker 1: Stanley cuple off the Penguin State Alive beating Philadelphia Flyers
Speaker 1: Steely in three games to two. Vegas an overtime win
Speaker 1: at Utah that series tied at too Bloomberg Sports Update.
Speaker 4: Stay with us.
Speaker 2: More from Bloomberg Daybreak coming up after.
Speaker 10: This Coast to Coast on Bloomberg Radio nationwide on Sirius
Speaker 10: XM and around the world on Bloomberg dot Com and
Speaker 10: the Bloomberg Business app.
Speaker 4: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.
Speaker 3: With the US Israeli war with Iran at the two
Speaker 3: month mark today and with negotiations and the Strait of
Speaker 3: Horror moves at a near standstill, the White House says
Speaker 3: President Trump is reviewing Iran's latest proposal for an interim
Speaker 3: deal to reopen the strait and leave nuclear negotiations for later.
Speaker 3: Joining US now is Terry Haynes, the founder of Pangaea Policy. Terry,
Speaker 3: from what we understand about this proposal, is this going
Speaker 3: anywhere in this White House?
Speaker 4: Good morning, Good.
Speaker 8: Morning, Nathan. Couple of things. One is based on what
Speaker 8: we know about it in public. I'd say the Iran
Speaker 8: proposal is unserious on its face, it's not designed to
Speaker 8: give the United States anything to work with, and as
Speaker 8: yet another signal that the higher GC hardliners don't want
Speaker 8: to deal on any terms but their own. But also
Speaker 8: I think betrays weakness. But you know, the Trump will
Speaker 8: try to come back with a counter. Firstly, Secondly, I
Speaker 8: would look for indications of continued United States military readiness
Speaker 8: and maybe a preparation to resume hostilities. And finally, and
Speaker 8: this is my own instinct to be clear, there's a
Speaker 8: possibility that they may be talking to China about maybe
Speaker 8: driving a wedge here. Chijim Hang says he wants the
Speaker 8: straight open while they can help.
Speaker 3: We've seen from China, though, at least from the President's side,
Speaker 3: that they received a gift, as the President put it,
Speaker 3: or they that the US intercepted against from China, possibly
Speaker 3: for Iran.
Speaker 4: Where is China amidst all this?
Speaker 8: China likes to play both sides and it's doing it.
Speaker 8: You know, it continues. Irana is basically a client state
Speaker 8: of China, and China continues to support it. China is
Speaker 8: just you know, just very similar to Russia. Basically sucks
Speaker 8: all the energy and oil out of out of Iran
Speaker 8: in order to continue to feed and feed itself and
Speaker 8: feed its industries. And you know, so they are, they
Speaker 8: are very much beholden to China. And at the same time,
Speaker 8: China indicates it with much fanfare last week to the
Speaker 8: Saudi Crown Prince, which is not incidental that it wants
Speaker 8: to straight open. So, you know, we've got a situation
Speaker 8: where the Iranian situation again continues to cross over with
Speaker 8: the Trump China summit, and I look for an opportunity
Speaker 8: there to where Trump may want to make something out
Speaker 8: of it.
Speaker 3: Just thirty seconds left, Terry, have we heard the German
Speaker 3: Chancellor say that the US has been humiliated in negotiations
Speaker 3: with Ron and now with King Charles in the US.
Speaker 4: Where do you see the Transatlantic alliance right now?
Speaker 8: The Transatlantic Alliance is in a situation where Trump is
Speaker 8: very unhappy with the Europeans for a variety of reasons,
Speaker 8: including not supporting the American war effort. At the same time,
Speaker 8: Europe continues to not only not want to try to
Speaker 8: solve its own problems economic or military, but they always
Speaker 8: find it convenient to blame the United States rather than
Speaker 8: the point the finger of themselves.
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