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, Karen.
Speaker 3: President Trump is ramping up threats with his latest deadline
Speaker 3: for a deal to end the war with Iran now
Speaker 3: just hours away. The President says free flow of traffic
Speaker 3: through the Strait of horror moves must be part of
Speaker 3: any agreement, and if there's no deal by eight o'clock tonight,
Speaker 3: he says, the US will lay waste to the country.
Speaker 4: Every bridge in Iran will be decimated by twelve o'clock
Speaker 4: tomorrow night, where every power plant in Iran will be
Speaker 4: out of business, burning, exploding, and never to be used again.
Speaker 5: I mean complete demolition.
Speaker 3: President Trump spoke yesterday at a White House news conference
Speaker 3: heard live on Bloomberg Radio. We get more from Bloomberg
Speaker 3: Middle East correspondent Jumana Bursecci in Dubai.
Speaker 6: Very tense twenty four hours coming up over here in
Speaker 6: the region. And you don't need to go so far
Speaker 6: as to look back at the various comments that President
Speaker 6: Chump has made over the course of the weekend, including
Speaker 6: that very explosive truth social polls that he put up
Speaker 6: on Easter Sunday, essentially saying to Iran that unless they
Speaker 6: open up the straits and do so unconditionally, then the
Speaker 6: US would have no option but to strike back and
Speaker 6: to go after their power plants. And he then subsequently
Speaker 6: gave that deadline eight pm Eastern Time, which translates to
Speaker 6: around three four in the morning over here in the region.
Speaker 3: Bloomberg's Jumani Burssetti reports Iran has threatened to ramp up
Speaker 3: its own attacks on energy infrastructure across the Persian Gulf
Speaker 3: if President Trump goes after civilian targets, Iran's president must
Speaker 3: sued Pozsesshki and says fourteen million Iranians have volunteered to
Speaker 3: sacrifice themselves in the war, including himself. Irani and state
Speaker 3: media are reporting at least eighteen people were killed today
Speaker 3: in an air strike targeting Albors province bordering Tehran.
Speaker 2: Nathan Now a Bloomberg exclusive. Hungarian Prime Minister Victor Orbon
Speaker 2: told of life dmir Putin during a phone call that
Speaker 2: he was willing to go to great lengths to assist
Speaker 2: the Russian president. Bloomberg News obtained a transcript of a
Speaker 2: phone call between the two leaders Ben Sils is our
Speaker 2: managing editor for Economy and Government news in Europe and Russia.
Speaker 7: It pulls back the curtain on the relationship between Uban
Speaker 7: and Putin. We've known for a long time that Uban
Speaker 7: is an ally of Putin, that he has been working
Speaker 7: to further Russian interests and often frustrate what most of
Speaker 7: the EU members would consider European interests for a number
Speaker 7: of years, particularly over the war in Ukraine. But what
Speaker 7: this morning's story kind of shows you is just how
Speaker 7: close Orban is with Putin.
Speaker 2: And Bloomberg's Ben Sills says the relationship between Orban's government
Speaker 2: and the Kremlin is coming under increasing scrutiny as Hungarian's
Speaker 2: prepared to vote in an election this weekend.
Speaker 3: Karen, the four astronauts of Artemis two are preparing to
Speaker 3: head back to Earth after a history making trip around
Speaker 3: the far side of the Moon.
Speaker 8: One of the biggest highlights was coming back from the
Speaker 8: far side of the Moon and having the first glimpses
Speaker 8: of planet Earth again after being out of communication for
Speaker 8: about forty five minutes. It really just reminds you what
Speaker 8: a special place we have.
Speaker 3: Mission specialist Christina Cook reflected after the Orion Crue capsule
Speaker 3: emerged from the communications blackout last night. The spacecraft came
Speaker 3: within four thousand and sixty seven miles of the lunar
Speaker 3: surface at its closest point. Minutes later, it reached a
Speaker 3: record setting distance from Earth, more than two hundred and
Speaker 3: fifty two thousand miles. President Trump phoned in to congratulate
Speaker 3: the astronauts on their achievement.
Speaker 9: Your mission paves away for America's return to the lunar
Speaker 9: surface very soon. We're going all out. We're doing everything
Speaker 9: we can, and it's set it up by Jared. We'll
Speaker 9: plant our flag once again, and this time we won't
Speaker 9: just leave footprints. We'll establish a permanent presence on the
Speaker 9: Moon and we'll push on to Mars.
Speaker 3: And the President invited the astronauts to the White House,
Speaker 3: but before that, they've got a splash down in the
Speaker 3: Pacific Ocean.
Speaker 5: That final phase of Artemis two is set for Friday.
Speaker 2: Well, Nathan back here on Earth. Voters in Georgia's fourteenth
Speaker 2: Congressional district will pick a replacement for Marjorie Taylor Green
Speaker 2: in a special congressional runoff. In Bloomberg's Amy Morris has
Speaker 2: the latest.
Speaker 10: The runoff is between Democrats Sean Harris and Republican Clay Fuller,
Speaker 10: the top two vote getters in the March tenth special election.
Speaker 10: Harris is a retired Army brigadier general who lost to
Speaker 10: Marjorie Taylor Green in the twenty twenty four general election.
Speaker 10: Fuller is a district attorney who has President Trump's endorsement.
Speaker 10: The outcome of this runoff will affect the balance of
Speaker 10: power in the US House, where Republicans currently have a
Speaker 10: two hundred and seventeen to two hundred and fourteen majority.
Speaker 10: In Washington, Amy Morris Bloomberg Radio.
Speaker 3: Thanks Amy.
Speaker 5: From Ballots to Brackets.
Speaker 3: Now, for the first time in more than thirty five years,
Speaker 3: the Michigan Wolverines are men's NCAA basketball champions. Let's get
Speaker 3: the details from Bloomberg's sports reporter Johnson dash Our John.
Speaker 11: Nathan it was a tight game in Indianapolis. I had
Speaker 11: grinded out low scoring affair. One team had the lead
Speaker 11: throughout the second half.
Speaker 12: Caravan trucks it down with two seconds with one he
Speaker 12: throws at the half court. And since nineteen eighty nine,
Speaker 12: there's been a blank space in the Michigan trophy case.
Speaker 12: Write the name Michigan to twenty twenty six men's basketball
Speaker 12: National champions.
Speaker 11: I WESTWN won sixty nine sixty three over Yukon Wolverine
Speaker 11: SSEN only thirty eight percent, made only two three pointers,
Speaker 11: but made all but three of their twenty eight free throws,
Speaker 11: capped to thirty seven and three, season, handing Yukon its
Speaker 11: first ever tournament final defeat. The Huskies had been six
Speaker 11: and oero reaction coming up in sports, John Stashwar Bloomberg Radio,
Speaker 11: Karen Nathan.
Speaker 2: All right, John, thank you well. Every year Bloomberg assembles
Speaker 2: a group of business and finance titans to pick out
Speaker 2: their March Madness brackets for a cause, and each of
Speaker 2: the participants picks at charity and pledges twenty thousand dollars.
Speaker 2: This year's winner is Newberger Berman CEO George Waller, who
Speaker 2: successfully picked Michigan to win it all. Mister Walker's charity
Speaker 2: selection was Memorial Sloan Kettering Cancer Center.
Speaker 3: Well, another billionaire, Karen bill Ackman, is thinking of a
Speaker 3: big deal in music. His Pershing Square Capital Management is
Speaker 3: offering to buy Universal Music Group in a deal that
Speaker 3: could be valued at more than sixty billion dollars UMG.
Speaker 3: Represents artists including Taylor, Swift and Drake. Under a proposal,
Speaker 3: Acman would merge Universal Stock with an acquisition company, effectively
Speaker 3: moving the listing from Amsterdam to New York.
Speaker 2: Well, we have several major insurance stocks on the rise
Speaker 2: this morning, Nathan. The jump comes after the US Medicare
Speaker 2: program finalized a two point four to eight percent rate
Speaker 2: hike for health insurers in twenty twenty seven. Investors see
Speaker 2: the pay boost as a meaningful improvement over the initial
Speaker 2: rates the agency proposed in January. Shares of Alignment Health
Speaker 2: a surging seventeen percent, u Meta at more than ten percent,
Speaker 2: and United Healthcare and CBS throughout more than six percent
Speaker 2: in early trading.
Speaker 3: Karen Broadcom says it plans to deliver chips to AI
Speaker 3: startup and Thropic. It'll use Google's Tensor processing Units or TPUs,
Speaker 3: offering an alternative to technology developed by Nvidia. The three
Speaker 3: companies are also expanding a strategic collaboration that will let
Speaker 3: Anthropic access about three and a half gigawatts worth of
Speaker 3: computing power that will begin in twenty twenty seven.
Speaker 2: Time now for look at some of the other stories
Speaker 2: making news in New York and around the world, and
Speaker 2: for that we're joined by Bloomberg's Michael Barr. Michael, good morning, Good.
Speaker 13: Morning, Karen. Vice President JD. Vance visits Hungary today, where
Speaker 13: he will meet with Prime Minister Victor Orban ahead of
Speaker 13: that country's election on April twelfth, and spoke briefly to
Speaker 13: the press as he boarded a plane in Maryland.
Speaker 5: Looking forward to.
Speaker 12: Seeing my good friend Victor, and you know, we'll talk
Speaker 12: about any number of things related to the US Hungry relationship.
Speaker 6: Obviously, I'm sure Europe.
Speaker 3: And Ukraine and all the other several bigger and pretty prominently.
Speaker 13: Orbon is trailer in the polls to anti corruption opposition
Speaker 13: candidates Peter Magyar. Orban has led Hungary for sixteen years,
Speaker 13: and according to a person familiar with the matter, Hungary
Speaker 13: will reach a deal to buy oil from the US.
Speaker 13: During vance His visit, the World Health Organization announced that
Speaker 13: it was suspending evacuations from Gaza after a worker contracted
Speaker 13: to help them was killed. On Monday. Israel and Amas
Speaker 13: have accused each other of violating the ceasefire. In Indianapolis,
Speaker 13: a city council member who reportedly voted to approve a
Speaker 13: data center had gunshots fired at his home. Police say
Speaker 13: they're searching for a suspect. Councilman Ron Gibson says he
Speaker 13: and his eight year old son were home at the
Speaker 13: time of the shooting.
Speaker 5: Well, my fate called me to forgive. I'm a Christian,
Speaker 5: so I must forgive. I would just ask him why.
Speaker 13: Counselman Gibson says thirteen rounds were fired at his home,
Speaker 13: some of those bullets landing just steps from their dining room.
Speaker 13: Table centers are used to store, train and operate AI models.
Speaker 13: They are considered controversial because they also gobble up power
Speaker 13: and water. New York Mayor Zoron Mumdani has reportedly named
Speaker 13: a former senior Biden administration official to be his new
Speaker 13: child Welfare Commissioner, Rebecca Jones. Gaston spent time in foster
Speaker 13: care as an infant. The mayor plans to officially announce
Speaker 13: Gaston's appointment later today. Global News twenty four hours a
Speaker 13: day and whenever you want it with Bloomberg News Now
Speaker 13: Michael Barr and this is Bloomberg Karen.
Speaker 2: All right, Michael Barr, thank you time now for the
Speaker 2: Bloomberg Sports Update. Here's John Stashower. John, Good morning, Glori.
Speaker 11: Ker not the way Michigan usually wins. In the first
Speaker 11: five of the NCAA tournament, Wolverine scored ninety or more points.
Speaker 5: The scoring was down in the championship game.
Speaker 11: In Indianapolis, but Michigan pulled it out over Yukon sixty
Speaker 11: nine sixty three, capping a thirty seven and three season
Speaker 11: filled with lopsided victories.
Speaker 5: The Michigan coach.
Speaker 14: Is We've talked about being in close games. Well, we
Speaker 14: haven't been in a close game like this all year,
Speaker 14: where there was a lot of friction in our huddles.
Speaker 14: The emotion was pouring out late in the game because
Speaker 14: there were such extreme runs. There's always runs, these were
Speaker 14: extreme runs, and I.
Speaker 5: Was proud of our guys.
Speaker 14: They were able to regulate their emotions, get back together
Speaker 14: and figure out a way to.
Speaker 11: Win michigan second title ever. The other was nineteen eighty nine.
Speaker 11: They had lost to the title game four times since Yukon,
Speaker 11: and its history in championship games was six and zero,
Speaker 11: including two recent ones. The Huskies Alex Caravan was trying
Speaker 11: to win for him a third title.
Speaker 15: It hurts a lot right now, but I'm just reminding
Speaker 15: myself right now that you know when I came into Yukon,
Speaker 15: how much I've grown, and I've I'm ultimately leaving Yukon
Speaker 15: at a better place right now from where it started.
Speaker 15: So I gave it everything I got.
Speaker 4: I gave it my heart.
Speaker 11: Michigan's Elliot Caddo named Attorney's most Outstanding Player. The Knicks
Speaker 11: in Atlanta, facing the hot team they could be meeting
Speaker 11: in the first round of the playoffs.
Speaker 5: It was a playoff atmosphere in the Hawk.
Speaker 11: CJ McCullum hit a shot from beyond half court that
Speaker 11: would have set the game to overtime, but it left
Speaker 11: his hand a fraction of a second after the buzzer.
Speaker 5: The next one one, eight, one five.
Speaker 11: Michael Malone, who three years ago coached the Denver Nuggets
Speaker 11: to the NBA Championship, the new coach at North Carolina,
Speaker 11: where the football coach is six time Super Bowl winner
Speaker 11: Bill Belichick. Dexter Lawrence, the middle of the Giants defensive
Speaker 11: line the past seven years, now demanding a trade, won't
Speaker 11: show up for the Giants offseason workouts. Lawrence has two
Speaker 11: years left on his contract. Mets hosts the A's tonight.
Speaker 11: They have foot one Soto on the injured list with
Speaker 11: a strange cast, Soto won't play the next two to
Speaker 11: three weeks.
Speaker 5: John Stashawer Bloomberg Sports, Karen Nathan.
Speaker 2: Stay with us more from Bloomberg day Break coming up
Speaker 2: after this.
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 5: Good morning on n and Hagar.
Speaker 3: Coming up to the latest deadline for Iran to reach
Speaker 3: a deal to end the US war. President Donald Trump
Speaker 3: is ramping up threats against key infrastructure. If there's no
Speaker 3: agreement by eight o'clock tonight.
Speaker 4: The entire country could be taken out in one night,
Speaker 4: and that night might be tomorrow night.
Speaker 3: And that was President Trump and a White House news
Speaker 3: conference yesterday I heard live on Bloomberg Radio this morning.
Speaker 3: Joining us from Dubai is Bloomberg Middle East correspond to
Speaker 3: Jumana Borsecci, the anchor of Bloomberg Horizons, And among the
Speaker 3: many questions this morning, Jumana is whether President Trump follows
Speaker 3: through at this latest deadline and what it could mean
Speaker 3: for the war if he does.
Speaker 6: Good morning, Yeah, absolutely, I mean, he's got a couple
Speaker 6: of options here. He could follow through if there is
Speaker 6: no deal and all, I mean, the signs are looking
Speaker 6: pretty slim now for diplomatic breakthrough. So if he does
Speaker 6: follow through, then that would mean we would see a
Speaker 6: massive intensification of these military operations, possibly maybe even ground
Speaker 6: troop involvement. We've been reporting on the bulking up of
Speaker 6: military assets in the region and of course repercussions from
Speaker 6: Iran onto Gulf states as well. So there's a real
Speaker 6: sense of nervousness the next twenty four hours. But then
Speaker 6: he could equally move the deadline. He could shift the ultimatum.
Speaker 6: He's done that before, at the risk of undermining US
Speaker 6: credibility of course, or he could also do nothing and
Speaker 6: the declare victory, which is you know, also within the
Speaker 6: range of outcomes. So we don't really have a lot
Speaker 6: of visibility about what is going to happen. Ultimately, this
Speaker 6: decision will lie and rest with the US President. But
Speaker 6: what I can tell you from the region is there
Speaker 6: have been that has been intensification of mediation efforts in
Speaker 6: the last twenty four hours from the likes of Pakistan,
Speaker 6: Turkey and Egypt to try to bring the two sites
Speaker 6: together at least to secure our seasfire.
Speaker 3: Have they gotten any closer to coming together? I mean,
Speaker 3: the last we heard from the Iranian side was not
Speaker 3: only did they reject the latest seasfire proposal, but they
Speaker 3: came with even more demands of their own.
Speaker 6: That's correct. And again multiple media reports so overnight, you know,
Speaker 6: some suggesting that there is a window, a glimmer of
Speaker 6: hope for diplomacy. If you go to the Ministry of
Speaker 6: Foreign Affairs of each one of those countries that I mentioned, Pakistan, Egypt,
Speaker 6: and Turkey, all of them are pointing to many backchannels
Speaker 6: that are taking place, including conversations with Steve Whitcoff and
Speaker 6: reportedly Jdvans is going to be involved in those discussions
Speaker 6: as well if there is a follow through. But to
Speaker 6: your point, the Iranians continue to be defiant. They have
Speaker 6: put forward their own counterproposals of what they would like
Speaker 6: to see, and Iranian State TV over the weekend has
Speaker 6: said very clearly that they don't want to see just
Speaker 6: a temporary ceasefire. What they would like is a permanent
Speaker 6: cessation of hostilities. They want to see assurances from the
Speaker 6: US that this would never happen again, war reparations, and
Speaker 6: then the new one. Of course, this is their new leverage.
Speaker 6: Their point of leverage is some form of a new
Speaker 6: pro over control of this Strait of Hormos, and they
Speaker 6: are insisting that they should somehow be able to effectively
Speaker 6: manage still and introduce perhaps even a toll structure around
Speaker 6: the vessels that are capable of passing through the straits,
Speaker 6: an outcome which of course is unacceptable for the rest
Speaker 6: of the world.
Speaker 3: Of course, the President's put the straight front and center
Speaker 3: in his latest ultimatum as well in our last thirty seconds.
Speaker 3: What does that say about the pressure he's under right now?
Speaker 6: Yeah, well, it all comes back to energy. And the
Speaker 6: longer the Strait of Hormo stays closed, the more you're
Speaker 6: going to see upward push on not just oil on gas,
Speaker 6: on energy products, on helium on gas. And you're beginning
Speaker 6: to see that it's beginning to bite the price of gasoline.
Speaker 6: Retail gasoline prices in the US is started to shoot higher.
Speaker 6: And as that happens, public opinion and support of this
Speaker 6: war against the fate. So it becomes a matter of
Speaker 6: political pressure. And I think he's identified that it's not
Speaker 6: an acceptable outcome for the rest of the world or
Speaker 6: for global energy market in which Iaron nteins sovereignty.
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