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Speaker 1: News when you wanted With Bloomberg News Now, I'm Brian Curtis.

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Speaker 1: In Hong Kong, Turkey's rechep tie up, Erdowan suffered a

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Speaker 1: shock defeat at the ballot box against the main opposition party.

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Speaker 1: TRT reported that support for Erdowan's AK parties stood at

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Speaker 1: thirty five point nine percent, while the Republican People's Party

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Speaker 1: was leading the race with thirty seven point three percent.

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Speaker 1: Results show voters turned against the ruling party in much

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Speaker 1: of the country, but the change was even more dramatic

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Speaker 1: in urban areas. It's likely due to rampant inflation and

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Speaker 1: the highest borrowing costs since the ruling party first came

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Speaker 1: to power back in two thousand and two. When Congress

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Speaker 1: comes back from its Easter break, aid for Ukraine is

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Speaker 1: at the top of the to do list. Bloomberg's Ed

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Speaker 1: Baxter has the story.

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Speaker 2: High Speaker Mike Johnson has promised to bring it to

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Speaker 2: the floor, and Congress from Mike Turner on CBS has

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Speaker 2: heard on Bloomberg says he expects it to move quickly.

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Speaker 3: The Speaker has made very clear statements that when we

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Speaker 3: get back, it's the next top agenda after having just

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Speaker 3: passed all the bills that fund the federal government. I

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Speaker 3: believe this is going to have overwhelming support in Congress,

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Speaker 3: and we'll put a bill on the President's desk.

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Speaker 2: Johnson could very well face an Ouster move, as it

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Speaker 2: has already been introduced by Congressman Marjorie Taylor. Green Democrats

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Speaker 2: have said they would likely save Johnson if Ukraine aid passes.

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Speaker 2: At Baxter Bloomberg Radio.

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Speaker 1: Ports along the US East coast are scrambling their operations

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Speaker 1: to absorb cargo diverted from Baltimore's harbor. A Port of

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Speaker 1: Virginia is opening a gate an hour earlier to help

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Speaker 1: accommodate more truckers. The Port of New York and New

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Speaker 1: Jersey is working to allow quick access for transport companies

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Speaker 1: companies that usually go through Baltimore. Mario Cordero, the executive

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Speaker 1: director of the Port of Long Beat, says his port

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Speaker 1: could handle more cargo if it's diverted.

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Speaker 3: As well as the shippers make decisions where to go

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Speaker 3: to the east or to the west coast. Here we

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Speaker 3: may have some cargo from that diversion.

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Speaker 1: Mario Cordero there on Bloomberg Television. No timeline yet for

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Speaker 1: reopening the Baltimore Channel, but cleanup has begun. Rains are

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Speaker 1: in place now and have started dismantling wreckage from the bridge.

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Speaker 1: Moving on to sports, the NCAA Men's Final Four is set.

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Speaker 1: North Carolina State will face off against Purdue and the

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Speaker 1: University of Alabama will square off against Yukon. Both games

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Speaker 1: are scheduled for April sixth. Nippon Steele's new chief has

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Speaker 1: pledged to press on with the company's acquisition of US Steal.

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Speaker 1: President Tadashi Imai said no companies in North America can

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Speaker 1: produce the types of steel that his company does. He

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Speaker 1: added the deal is vital to making US Steal more competitive.

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Speaker 1: The fed's preferred measure of inflation cooled last month, core PCE,

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Speaker 1: rising zero point three percent in February after climbing zero

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Speaker 1: point five percent the previous month. The FED chief Jerome

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Speaker 1: Palace said the figures are in line with expectations. The

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Speaker 1: FED is in no rush to cut interest rates.

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Speaker 4: Growth is strong right now, that labor market is strong

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Speaker 4: right now, and inflation has been coming down. We can

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Speaker 4: and we will be careful about this decision because we

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Speaker 4: can be expect inflation to come down on a sometimes

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Speaker 4: mumpy path to two percent. But if that doesn't happen,

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Speaker 4: then obviously our rate policy will be different, and for example,

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Speaker 4: we can we can hold rates where they are for longer.

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Speaker 1: Fed Shair Jerome Powell. It's a busy week for economic

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Speaker 1: data ahead, culminating with the March jobs report. The story

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Speaker 1: from Bloomberg's Karen Moscow.

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Speaker 5: The employment report for March is out on Friday, and

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Speaker 5: it could show non farm payrolls fell to two hundred

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Speaker 5: and sixteen thousand, as well as a slight decline and

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Speaker 5: the unemployment rate to three point eight percent. We begin

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Speaker 5: the week with a look at ISM manufacturing on Monday.

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Speaker 5: Tuesday it's a JUELT jobs report as well as factory

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Speaker 5: orders and durable goods orders. Wednesday we get a look

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Speaker 5: at private payrolls from ADP Research Institute, as well as

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Speaker 5: the ISM Services Index, and Thursday it's the trade balance

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Speaker 5: and the weekly report on initial jobless claims. Karen Moscow,

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Speaker 5: Bloomberg Radio.

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Speaker 1: We go to China now, where manufacturing activity rebounded in March.

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Speaker 1: Bontiau has more from Hong Kong.

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Speaker 6: China's factory activity expanded for the first time in six months.

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Speaker 6: The official PMI rose to fifty point eight is the

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Speaker 6: highest reading in a year. A gauge of non manufacturing

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Speaker 6: activity jumped from the previous month to fifty three compared

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Speaker 6: to an estimate of fifty one point five. The numbers

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Speaker 6: suggest that China's growth recovery is gaining traction. These figures

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Speaker 6: may help the government achieve its annual growth target of

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Speaker 6: around five percent this year. In Hong Kong, I'm Bonnie

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Speaker 6: Al Bloomberg Radio.

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Speaker 1: That's news when you want it with Bloomberg News Now.

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Speaker 1: I'm Brian Curtis. This is Bloomberg