1 00:00:01,120 --> 00:00:04,440 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:04,440 --> 00:00:08,360 Speaker 1: met Kaligi. The US House passed sixty one billion dollars 3 00:00:08,400 --> 00:00:11,320 Speaker 1: in fresh aid for Ukraine on Saturday, ending a six 4 00:00:11,400 --> 00:00:14,840 Speaker 1: month political impass during which keep stockpiles dwindled in its 5 00:00:14,880 --> 00:00:17,959 Speaker 1: war against Russia. The Ukraine aid will be combined with 6 00:00:18,040 --> 00:00:21,639 Speaker 1: funding for Israel and Taiwan for a foreign assistance package 7 00:00:21,680 --> 00:00:26,200 Speaker 1: totaling ninety five billion dollars. Speaker Mike Johnson worked with 8 00:00:26,280 --> 00:00:29,560 Speaker 1: Democrats and overcame fierce objections from within his own party 9 00:00:29,560 --> 00:00:33,519 Speaker 1: to funding Ukraine, ultimately pushing that legislation to passage on 10 00:00:33,600 --> 00:00:36,720 Speaker 1: a three eleven to one to twelve bipartisan vote. After 11 00:00:36,720 --> 00:00:39,519 Speaker 1: the vote, Johnson said, we did our work here and 12 00:00:39,760 --> 00:00:44,199 Speaker 1: history will judge us well. Volkswagen employees at a Tennessee 13 00:00:44,240 --> 00:00:47,919 Speaker 1: factory have voted to join the United Autoworkers, a landmark 14 00:00:48,000 --> 00:00:51,360 Speaker 1: victory for union organizing in the long hostile US South. 15 00:00:51,680 --> 00:00:53,920 Speaker 1: The union won by a vote of twenty six twenty 16 00:00:53,960 --> 00:00:57,120 Speaker 1: eight to nine eighty five. The US National Labor Relations 17 00:00:57,160 --> 00:01:00,520 Speaker 1: Board said late Friday, if the result is formally certified 18 00:01:00,560 --> 00:01:04,400 Speaker 1: by the agency, Volkswagen will be legally required to collectively 19 00:01:04,480 --> 00:01:07,840 Speaker 1: bargain over working conditions and compensation at the plant. The 20 00:01:07,920 --> 00:01:11,160 Speaker 1: VWD victory is a breakthrough for the UAW, which, after 21 00:01:11,440 --> 00:01:14,640 Speaker 1: decades of declining membership, is trying to expand by one 22 00:01:14,720 --> 00:01:19,679 Speaker 1: hundred and fifty thousand workers across fourteen companies, including BMW, Toyota, 23 00:01:19,760 --> 00:01:22,840 Speaker 1: and Tesla. The union's membership has fallen from one and 24 00:01:22,880 --> 00:01:25,720 Speaker 1: a half million back in the nineteen seventies to around 25 00:01:25,760 --> 00:01:29,319 Speaker 1: three hundred and seventy thousand now. That's largely due to 26 00:01:29,360 --> 00:01:31,840 Speaker 1: failure to win over plants in the South, where unions 27 00:01:31,880 --> 00:01:36,840 Speaker 1: are scarcer and laws and politicians are more hostile. Presumptive 28 00:01:36,840 --> 00:01:40,959 Speaker 1: Republican presidential nominee Donald Trump postponed his first rally since 29 00:01:41,000 --> 00:01:44,800 Speaker 1: the start of his first criminal trial over severe weather warnings. 30 00:01:45,080 --> 00:01:48,760 Speaker 1: Trump was scheduled to appear in Wilmington, North Carolina, on Saturday, 31 00:01:49,040 --> 00:01:51,960 Speaker 1: but called into the rally, telling supporters to go home 32 00:01:52,000 --> 00:01:54,800 Speaker 1: to avoid thunderstorms in the area. He did attend a 33 00:01:54,800 --> 00:01:57,360 Speaker 1: fundraiser in Charlotte earlier in the day, which was set 34 00:01:57,440 --> 00:02:01,240 Speaker 1: to raise five million dollars for his campaign. Trump's next 35 00:02:01,280 --> 00:02:04,880 Speaker 1: scheduled rally is in Wildwood, New Jersey, next month. A 36 00:02:04,960 --> 00:02:08,760 Speaker 1: major Bitcoin software update has finally been completed. We get 37 00:02:08,760 --> 00:02:10,720 Speaker 1: the story from Bloomberg's Dan Schwartzman. 38 00:02:11,560 --> 00:02:15,680 Speaker 2: The Bitcoin programming code update called HAVING has officially been completed. 39 00:02:16,040 --> 00:02:18,679 Speaker 2: The event, which occurs every four years, cuts in half 40 00:02:18,720 --> 00:02:22,000 Speaker 2: the daily reward paid to miners for validating transactions from 41 00:02:22,080 --> 00:02:25,040 Speaker 2: nine hundred to four hundred and fifty tokens. The HAVING 42 00:02:25,080 --> 00:02:28,000 Speaker 2: mechanism was instituted to maintain a hard cap of twenty 43 00:02:28,040 --> 00:02:30,520 Speaker 2: one million bitcoin, which is done to keep it from 44 00:02:30,520 --> 00:02:34,320 Speaker 2: becoming inflationary. The price of bitcoin remained a little unchanged 45 00:02:34,360 --> 00:02:37,560 Speaker 2: after the software update, at around sixty four thousand dollars 46 00:02:37,600 --> 00:02:40,560 Speaker 2: per token. Dan Schwartzman Bloomberg Radio. 47 00:02:40,520 --> 00:02:43,480 Speaker 1: Earnings and first quarter economic growth are in focus on 48 00:02:43,520 --> 00:02:46,560 Speaker 1: the coming week. Bloomberg's Karen Moscow has more. 49 00:02:46,760 --> 00:02:49,600 Speaker 3: The busy week for earnings begins with Verizon on Monday, 50 00:02:49,639 --> 00:02:53,440 Speaker 3: followed by Tesla and Pepsi Tuesday. Metaplatforms, IBM and Boeing 51 00:02:53,480 --> 00:02:57,000 Speaker 3: report Wednesday. Microsoft and Alphabet are out on Thursday, and 52 00:02:57,040 --> 00:03:00,200 Speaker 3: then on Friday, we'll hear from Exxon and Chevron. Some 53 00:03:00,240 --> 00:03:02,880 Speaker 3: of the week's economic reports will be watching include durable 54 00:03:02,880 --> 00:03:05,560 Speaker 3: goods orders, which are out Wednesday. Thursday, we get that 55 00:03:05,600 --> 00:03:09,160 Speaker 3: advanced look at first quarter GDP, along with wholesale inventories 56 00:03:09,200 --> 00:03:12,640 Speaker 3: and initial jobless claims. Friday, It's personal income and spending 57 00:03:12,680 --> 00:03:16,000 Speaker 3: and consumer sentiment. Karen Moscow, Bloomberg Radio. 58 00:03:15,880 --> 00:03:19,799 Speaker 1: HI, mortgage rates might be lifting the wallpaper business. Bloomberg's 59 00:03:19,800 --> 00:03:22,720 Speaker 1: Tracy Junkie explains seven percent. 60 00:03:22,919 --> 00:03:26,359 Speaker 4: Mortgage rates are not exactly a comfortable situation for people 61 00:03:26,400 --> 00:03:28,760 Speaker 4: who want to buy their next home, so more of 62 00:03:28,840 --> 00:03:32,560 Speaker 4: us are making ourselves comfortable in our current homes. The 63 00:03:32,600 --> 00:03:36,240 Speaker 4: Harvard Joint Center for Housing Studies says homeowners are investing 64 00:03:36,240 --> 00:03:40,040 Speaker 4: at near record levels in home improvements. Also, fewer people 65 00:03:40,080 --> 00:03:43,560 Speaker 4: are renovating with a future buyer in mind, which might 66 00:03:43,600 --> 00:03:47,720 Speaker 4: be why YELP says demand for wallpapering services more than 67 00:03:47,800 --> 00:03:51,120 Speaker 4: doubled last year. Tracy Jonkie, Bloomberg Radio. 68 00:03:51,280 --> 00:03:55,280 Speaker 1: A complex debris and wreckage removal process continues as crews 69 00:03:55,320 --> 00:03:59,200 Speaker 1: work to reopen Baltimore's being shipping channel following last month's 70 00:03:59,280 --> 00:04:03,160 Speaker 1: key Bridge collapse. Bloomberg's Amy Morris reports. 71 00:04:02,840 --> 00:04:06,240 Speaker 5: Maryland Governor Wes Moore revealed this week crews have removed 72 00:04:06,280 --> 00:04:10,000 Speaker 5: more than eleven hundred tons of steel from the wreckage site. 73 00:04:10,360 --> 00:04:13,840 Speaker 5: The US Army Corps of engineer's priorities include clearing the 74 00:04:13,840 --> 00:04:17,120 Speaker 5: Federal channel, refloating and removing the cargo ship that slammed 75 00:04:17,160 --> 00:04:20,719 Speaker 5: into the bridge, and then clearing the remaining wreckage. Officials 76 00:04:20,720 --> 00:04:23,280 Speaker 5: have set a goal to fully reopen the Port of Baltimore, 77 00:04:23,400 --> 00:04:25,880 Speaker 5: one of the busiest ports in the country, by the 78 00:04:25,960 --> 00:04:28,960 Speaker 5: end of May. In Washington, Amymore as Bloomberg Radio. 79 00:04:28,839 --> 00:04:32,200 Speaker 1: And after three rounds of the RBC Heritage at Hilton 80 00:04:32,240 --> 00:04:35,760 Speaker 1: head Masters, champion Scottie Scheffler eight under for the day 81 00:04:35,800 --> 00:04:39,159 Speaker 1: on Saturday, sixteen under for the tournament heads into Sunday's 82 00:04:39,200 --> 00:04:42,359 Speaker 1: final round with a two shot lead. And that's news 83 00:04:42,400 --> 00:04:45,000 Speaker 1: when you want it with Bloomberg News. Now, I Mad 84 00:04:45,080 --> 00:04:48,120 Speaker 1: Kleggy and this is Bloomberg