1 00:00:00,200 --> 00:00:02,600 Speaker 1: News when you want it. With Bloomberg News Now, I'm 2 00:00:02,640 --> 00:00:06,360 Speaker 1: Doug Prissner. President Biden has told Israeli Prime Minister Benjamin 3 00:00:06,400 --> 00:00:10,160 Speaker 1: Netniahu the US support for his war in Gaza depends 4 00:00:10,200 --> 00:00:13,000 Speaker 1: on new steps to protect civilians. We have more from 5 00:00:13,000 --> 00:00:14,080 Speaker 1: Bloomberg's Ed Baxter. 6 00:00:14,440 --> 00:00:17,400 Speaker 2: Israel saying it will reopen border crossings to increase the 7 00:00:17,440 --> 00:00:20,600 Speaker 2: flow of aid. NSC spokesman John Kirby says, the US 8 00:00:20,640 --> 00:00:24,160 Speaker 2: has demanded concrete changes. It's not just about the announcement 9 00:00:24,200 --> 00:00:27,640 Speaker 2: of concrete steps and changes in their policies, but it's 10 00:00:27,680 --> 00:00:32,440 Speaker 2: the execution of those announcements and those decisions and implementing them. 11 00:00:32,600 --> 00:00:35,680 Speaker 2: And Secretary of Sate Anthony Blinkoln says as well stopping 12 00:00:35,720 --> 00:00:36,760 Speaker 2: civilian casualty. 13 00:00:36,840 --> 00:00:40,640 Speaker 3: So President emphasized that the strikes on humanitarian workers and 14 00:00:40,800 --> 00:00:44,120 Speaker 3: the overall humanitarian situation are unaccepted. 15 00:00:43,720 --> 00:00:46,160 Speaker 2: And the US is demanding a hostage deal as well, 16 00:00:46,360 --> 00:00:47,640 Speaker 2: Ed Baxter Bloomberg Radio. 17 00:00:47,880 --> 00:00:51,000 Speaker 1: Federal officials are set to release preliminary findings on their 18 00:00:51,040 --> 00:00:54,920 Speaker 1: investigation into last week's collapse of the Baltimore bridge that 19 00:00:55,080 --> 00:00:57,920 Speaker 1: killed six and shut down the Port of Baltimore. We're 20 00:00:57,960 --> 00:01:01,080 Speaker 1: hearing the findings could be made public with it days now. 21 00:01:01,120 --> 00:01:05,120 Speaker 1: Officials have been investigating the possible role of tainted shipping 22 00:01:05,160 --> 00:01:08,720 Speaker 1: fuel in this collision. Tainted fuel has previously resulted in 23 00:01:08,800 --> 00:01:12,840 Speaker 1: serious Tainted fuel has previously resulted in serious and sometime 24 00:01:13,000 --> 00:01:17,080 Speaker 1: complete engine failure. The Transportation Safety Board did not immediately 25 00:01:17,120 --> 00:01:20,520 Speaker 1: respond to a request for comment. Treasury Secretary Janet Yellen 26 00:01:20,600 --> 00:01:23,120 Speaker 1: is now in China for more talks on trade. She's 27 00:01:23,200 --> 00:01:26,880 Speaker 1: expected to press officials in Beijing on a build up 28 00:01:26,880 --> 00:01:31,319 Speaker 1: in Chinese industrial overcapacity. Earlier, we spoke with Ian Bremer, 29 00:01:31,480 --> 00:01:35,280 Speaker 1: president and founder of Eurasia Group. He told us what 30 00:01:35,400 --> 00:01:36,440 Speaker 1: changes to expect. 31 00:01:36,840 --> 00:01:40,039 Speaker 4: You're probably going to see more moves from the United 32 00:01:40,080 --> 00:01:43,920 Speaker 4: States on pushing to restrict some of that. Some of 33 00:01:43,959 --> 00:01:46,160 Speaker 4: that can be you know, moderate tariffs, some of that 34 00:01:46,160 --> 00:01:49,120 Speaker 4: can be export controls. But I mean, this is telegraphing 35 00:01:49,640 --> 00:01:54,600 Speaker 4: to the Chinese that the Americans don't want surprises. The 36 00:01:54,640 --> 00:01:57,520 Speaker 4: reality is, yeah, this is not going to be the 37 00:01:57,560 --> 00:02:01,120 Speaker 4: easiest of trips. But once ago they weren't taking trips 38 00:02:01,120 --> 00:02:01,400 Speaker 4: at all. 39 00:02:01,520 --> 00:02:03,920 Speaker 1: That is Ian Bremmer from Eurasia Group. By the way, 40 00:02:04,000 --> 00:02:07,360 Speaker 1: Yellen's trip comes after Presidents Biden and She held their 41 00:02:07,360 --> 00:02:10,880 Speaker 1: first call in five months. On Tuesday, the leaders discussed 42 00:02:10,880 --> 00:02:15,679 Speaker 1: Taiwan artificial intelligence and security issues. We go to South 43 00:02:15,760 --> 00:02:19,399 Speaker 1: Korea next, where Samsung's profit rebounded sharply. For the first 44 00:02:19,480 --> 00:02:23,480 Speaker 1: quarter of twenty twenty four, the company reported preliminary operating 45 00:02:23,520 --> 00:02:27,280 Speaker 1: profit of about six point six trillion one. The estimate 46 00:02:27,360 --> 00:02:31,120 Speaker 1: was only for five point three seven trillion. The results 47 00:02:31,160 --> 00:02:34,640 Speaker 1: reflect a turnaround in the company's semiconductor division, as well 48 00:02:34,680 --> 00:02:38,440 Speaker 1: as robust sales of the Galaxy S twenty four smartphones. 49 00:02:38,760 --> 00:02:40,840 Speaker 1: Here's Bloomberg's Yo qm Lee. 50 00:02:41,440 --> 00:02:43,520 Speaker 5: The next leg the market is looking at is like 51 00:02:43,560 --> 00:02:47,680 Speaker 5: Samsung's development on the HPM front. The company has been 52 00:02:47,720 --> 00:02:50,720 Speaker 5: seen as falling behind as rivals, but there is growing 53 00:02:50,800 --> 00:02:54,840 Speaker 5: expectations that Samsung maybe finally be catching up later half 54 00:02:54,840 --> 00:02:58,640 Speaker 5: of this year, providing possibly its own HBM chips to 55 00:02:59,080 --> 00:03:01,560 Speaker 5: hopefully some of the key clients such as Nvidia. 56 00:03:01,720 --> 00:03:05,080 Speaker 1: That is Bloomberg's Joe qun Lee. Now, Samsung will announce 57 00:03:05,120 --> 00:03:09,320 Speaker 1: full earnings with divisional breakdowns that will happen on April thirtieth. 58 00:03:09,840 --> 00:03:12,600 Speaker 1: In the States. The head of the Minneapolis FED, Neil Kashkari, 59 00:03:12,720 --> 00:03:15,080 Speaker 1: was saying today rate cuts may not be needed this 60 00:03:15,160 --> 00:03:19,120 Speaker 1: year if progress on inflation stalls, and Kashkari went on 61 00:03:19,200 --> 00:03:22,119 Speaker 1: to say this is especially true if the American economy 62 00:03:22,320 --> 00:03:26,600 Speaker 1: remains robust. Back in March, Cascari said he jotted down 63 00:03:26,639 --> 00:03:30,160 Speaker 1: two rate cuts for twenty twenty four if inflation continued 64 00:03:30,440 --> 00:03:33,720 Speaker 1: to fall back toward the fed's two percent target. Drug 65 00:03:33,760 --> 00:03:37,200 Speaker 1: plans from CVS Health will now cover the over the 66 00:03:37,240 --> 00:03:40,520 Speaker 1: counter oral birth control pill in the US. That story 67 00:03:40,560 --> 00:03:41,960 Speaker 1: from Bloomberg's Charlie Pellett. 68 00:03:42,080 --> 00:03:45,640 Speaker 3: It is a step that further removes barriers to obtaining 69 00:03:45,760 --> 00:03:51,240 Speaker 3: oral contraception as reproductive rights increasingly come under fire. CVS 70 00:03:51,320 --> 00:03:54,560 Speaker 3: Care Mark says oh pill, that is, the non prescription 71 00:03:54,680 --> 00:03:58,440 Speaker 3: drug from Parago, will be added to the Preventive Service's 72 00:03:58,600 --> 00:04:02,280 Speaker 3: oral contraceptives list and will be covered at no cost 73 00:04:02,520 --> 00:04:06,360 Speaker 3: from many planned sponsors. The US Food and Drug Administration 74 00:04:06,480 --> 00:04:10,160 Speaker 3: cleared OPEL for non prescription use last summer, making it 75 00:04:10,240 --> 00:04:13,880 Speaker 3: the country's first over the counter oral birth control product 76 00:04:14,400 --> 00:04:17,040 Speaker 3: in New York. Charlie Pellett Bloomberg Radio. 77 00:04:17,160 --> 00:04:21,320 Speaker 1: Advisors to President Biden have called major Baltimore employers to 78 00:04:21,520 --> 00:04:24,839 Speaker 1: encourage them to retain jobs despite that bridge collapse that 79 00:04:24,880 --> 00:04:27,640 Speaker 1: has shut the city's Port. We are told the advisers 80 00:04:27,720 --> 00:04:31,760 Speaker 1: sought voluntary commitments to refrain from dismissals, and they have 81 00:04:31,800 --> 00:04:34,320 Speaker 1: asked companies to announce those intentions as a way of 82 00:04:34,360 --> 00:04:38,400 Speaker 1: providing certainty to the job market. Now, the terminal operator 83 00:04:38,440 --> 00:04:41,400 Speaker 1: Ports America was the target of this outreach, as were 84 00:04:41,720 --> 00:04:44,000 Speaker 1: auto companies at his News when you want it with 85 00:04:44,040 --> 00:04:46,960 Speaker 1: Bloomberg News. Now, I'm Doug Prisoner and this is Bloomberg