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Speaker 1: News when you want it.

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Speaker 2: With Bloomberg News Now, I'm Doug Krisner. We begin with

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Speaker 2: today's high stakes phone call between President Trump and Russian

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Speaker 2: President Vladimir Putin. Afterward, Trump said Ukraine and Russia would

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Speaker 2: begin talks immediately on ending their war, but possibly without

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Speaker 2: the US. The President also said he would back away

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Speaker 2: from talks with the Kremlin and Kiev if a peace

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Speaker 2: deal is not agreed to. Here is President Trump speaking

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Speaker 2: to reporters at the Oval Office.

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Speaker 3: I think something is going to happen. It's a very

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Speaker 3: big egos involved. I'll tell you big egos involved. But

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Speaker 3: I think something's going to happen. And if it doesn't,

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Speaker 3: I just back away and they're going to have to

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Speaker 3: keep going. Again, this was a European situation. It should

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Speaker 3: have remained a European situation.

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Speaker 2: That was President Trump speaking there. He did not rule

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Speaker 2: out either further sanctions on Russia or fresh weapons shipments

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Speaker 2: to Ukraine. We got reaction Frommara Rudman, professor at the

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Speaker 2: University of Virginia's Miller Center.

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Speaker 4: The way President Trump runs these diplomatic efforts or strategy

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Speaker 4: for the United States is a lot of zigzags and

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Speaker 4: back and forth, and a fair amount of chaos. And

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Speaker 4: that's the last thing that is useful in trying to

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Speaker 4: reach ceasefire riemans and trying to work with challenging.

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Speaker 2: Playersmarra Rudman, there, professor at the University of Virginia's Miller Center,

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Speaker 2: speaking to Bloomberg, the US Senate has overcome a procedural

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Speaker 2: blockade on legislation for stable coins.

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Speaker 4: Now.

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Speaker 2: This paves the way for debate on the Senate floor,

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Speaker 2: with a possible vote as soon as this week.

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Speaker 4: Now.

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Speaker 2: Democrats had initially opposed the bill due to concerns over

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Speaker 2: President Trump's dealings in crypto, but some drop their opposition

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Speaker 2: after crypto friendly Democrats, led by Kirsten Jillibrand of New

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Speaker 2: York and Angelo also Brooks of Maryland, negotiated modifications to

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Speaker 2: the legislation. The head of the atl Atlanta Fed still

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Speaker 2: expects the central Bank to deliver one rate cut this year.

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Speaker 2: President Rafael Bostik said the timing will depend heavily on

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Speaker 2: trade policy. Bostik told Bloomberg the prolonged tariff negotiations could

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Speaker 2: delay the Fed's next move.

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Speaker 5: Things could go faster.

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Speaker 6: It could be the case that these negotiations bear a

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Speaker 6: lot of fruit. We know what the numbers are, and

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Speaker 6: they perhaps come in lower than people are expecting. In

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Speaker 6: that case, we may be able to pull forward some

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Speaker 6: of our actions because there may not be as much

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Speaker 6: that we need to do in terms of managing the

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Speaker 6: price level.

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Speaker 2: Atlanta Fed Bank President Rafael Bostik there speaking to Bloomberg

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Speaker 2: from the Atlanta Fed's annual Policy and Research event in Florida.

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Speaker 2: By the way, you can catch the full interview on

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Speaker 2: the Bloomberg Talks podcast feed. It's available wherever you get

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Speaker 2: your podcast. President Trump is planning to go to Capitol

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Speaker 2: Hill on Tuesday to urge fractious House Republicans to overcome

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Speaker 2: their divisions and unite behind his signature tax cut legislation.

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Speaker 2: We have more from Bloomberg's Am Morris.

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Speaker 7: In Washington, Republican lawmakers are divided over cutting safety net

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Speaker 7: programs and whether to raise the limit on deductions for

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Speaker 7: state and local taxes or salt caps. President Trump wants

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Speaker 7: Republicans to stop talking and start voting on the bill.

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Speaker 7: Republican Congressman Andrew Clyde of Georgia was a no vote

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Speaker 7: on Friday, but he voted President over the weekend. He

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Speaker 7: was on Bloomberg's Balance of Power.

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Speaker 6: Look, I support President Trump's agenda.

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Speaker 2: I support what he's trying to do here. Nobody wants

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Speaker 2: to see taxes raised.

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Speaker 6: We've got to do this in a fiscally responsible way.

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Speaker 7: Representative Clyde says the bill needs more work. He wants

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Speaker 7: more work requirements for Medicaid to kick in next year

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Speaker 7: in Washington, Amy Morris Bloomberg Radio.

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Speaker 2: The Department of Justice has filed charges against Representative Lamonica

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Speaker 2: maguiver of New Jersey.

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Speaker 4: Now.

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Speaker 2: This action follows his scuffle at an immigrant attention center

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Speaker 2: in Newark earlier this month. Acting US Attorney for New Jersey,

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Speaker 2: Alina Habba, said her office was pursuing criminal charges because

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Speaker 2: mcgiver assaulted, impeded, and interfered with law enforcement at the

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Speaker 2: Delaney Hall Detention Center on May ninth. Mcguiver has maintained

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Speaker 2: she was conducting congressional oversight along with two other House

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Speaker 2: Democrats when Immigration and Customs enforcement officials initially refused to

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Speaker 2: let them inspect the facility. Target will be among the

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Speaker 2: closely watched retailers reporting earnings on Wednesday morning. We have

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Speaker 2: a preview from Bloomberg's Charlie Pellett.

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Speaker 1: Target is expected to report shrinking same store sales due

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Speaker 1: to tariff fueled economic anxiety. Scott Chiccarelli's analyst to Truist Financial,

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Speaker 1: He says he'd like to know on pricing how much

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Speaker 1: Target is able to absorb those tariffs.

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Speaker 5: I did think they they'll have to eat some of it,

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Speaker 5: because otherwise you're going to be in a situation where

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Speaker 5: your price gaps first. You know, Walmart versus Amazon is

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Speaker 5: just going to continue to blow out how much wider?

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Speaker 1: Bloomberg Intelligence says Target disclosed week February sales, though traffic

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Speaker 1: and sales appear to have improved as the quarter progressed.

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Speaker 1: In New York, Charlie Pellett Bloomberg Radio.

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Speaker 2: That is news when you want it with Bloomberg News. Now.

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Speaker 2: I'm Doug Prisner, and this is Bloomberg