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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Chrisner.

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Speaker 1: We begin with President Trump's giant tax cut bill. We

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Speaker 1: are told the President is growing frustrated with demands to

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Speaker 1: significantly boost the cap on state and local tax deductions. Today,

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Speaker 1: Trump urged Republicans from high tax states to wait to

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Speaker 1: try to raise the salt limit further until after Congress

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Speaker 1: is done with current tax legislation. However, lawmakers from New York,

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Speaker 1: New Jersey, and California are unwilling to back down. Frank

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Speaker 1: Polone is a Congressman from New Jersey. He says the

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Speaker 1: focus on salt is misplaced.

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Speaker 2: The real problem here is that most of this money

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Speaker 2: is going to for tax cuts for large corporations and billionaires,

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Speaker 2: and all these cuts to Medicaid in healthcare being used

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Speaker 2: to pay for it.

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Speaker 1: That is Frank Plone, Congressman from New Jersey, speaking on

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Speaker 1: Bloomberg's Balance of power. Meantime, Republican leaders continue negotiations with

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Speaker 1: their assault advocates. House Speaker Mike Johnson today offered to

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Speaker 1: raise the limit to forty thousand dollars over four years.

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Speaker 1: He said that he thinks a deal over the cap

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Speaker 1: can be reached tonight, and he went on to say

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Speaker 1: a planned vote on the House floor set for Thursday

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Speaker 1: is still a realistic timeline.

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Speaker 3: By the way.

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Speaker 1: You can hear more from the House speaker when Mike

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Speaker 1: Johnson joins Bloomberg Radio and TV Live tomorrow at nine

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Speaker 1: am Wall Street time. The Trump administration has reportedly begun

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Speaker 1: investigating former New York Governor Andrew Cuomo. The New York

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Speaker 1: Times and CBS newsay the DOJ has opened a criminal

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Speaker 1: investigation after Republicans accused Cuomo of lying to Congress about

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Speaker 1: decisions he made during the coronavirus pandemic as governor. Cuomo

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Speaker 1: is now the front runner in the New York City

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Speaker 1: mayoral race. Back in February, the DOJ dismissed and indictment

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Speaker 1: of the city's current mayor, Eric Adams on corruption charges.

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Speaker 1: Adams is now running for reelection as an independent. Tonight,

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Speaker 1: the Cuomo campaign called the probe lawfare and election interference

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Speaker 1: playing and simple something. President Trump and top DOJ officials

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Speaker 1: say they are against. A DOJ spokesperson declined to comment.

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Speaker 1: The price of crude oil is higher on a report

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Speaker 1: from CNN that US intelligence suggest that Israel is making

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Speaker 1: preparations to strike Iranian nuclear facilities. WTI earlier jumped as

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Speaker 1: much as three and a half percent and above sixty

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Speaker 1: four dollars. Samantha Dart is co head of Global Commodities

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Speaker 1: Research at Goldman Sachs.

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Speaker 4: When it comes to these types of risks, we like

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Speaker 4: to bring it down to put in show disruption of supply.

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Speaker 4: In the case of Iran, Iran has increased its supply

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Speaker 4: by just about a million barre is a day over

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Speaker 4: the past couple of years, and if you remove a

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Speaker 4: millionaire is a day of production from Iran, this could

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Speaker 4: represent an upside of about eight dollars a barrow to

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Speaker 4: the crude oil price.

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Speaker 1: That is, Samantha Dart from Goldman Sachs now, needless to say,

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Speaker 1: a potential attack would hinder progress on nuclear talks between

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Speaker 1: the US and Iran. Epic Game's top selling video game, Fortnite,

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Speaker 1: has returned to Apple's App Store in the US. This

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Speaker 1: comes after more than four years following a legal battle

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Speaker 1: between Epic and Apple. The game was banned back in

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Speaker 1: twenty twenty when Epic offered an alternative payment method for

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Speaker 1: in game currency that was in violation of Apple's policies.

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Speaker 1: Chares and Tesla were hired by a half of one

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Speaker 1: percent today. That was after Elon Musk said he plans

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Speaker 1: to remain CEO of Tesla for at least five more years.

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Speaker 1: Speaking at the Cutter Economic Forum, must sought to reassure investors.

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Speaker 1: It's where he dismissed concerns over slving sales due to

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Speaker 1: his political polarity.

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Speaker 3: You can just look at the stock price. If you

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Speaker 3: are the best inside information, the stock market analysts have

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Speaker 3: that and stock wouldn't be trading near bol time ice

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Speaker 3: if it was not. If things weren't and good Jay,

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Speaker 3: They're fine, don't worry about it.

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Speaker 1: That is Elon Musk in an interview at the Cutter

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Speaker 1: Economic Forum powered by Bloomberg. By the way, you can

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Speaker 1: watch the full interview on the Bloomberg podcast channel on

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Speaker 1: YouTube and again today A Shares and Tesla. We're up

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Speaker 1: one half of one percent. Google is offering AI mode

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Speaker 1: in search to all US users. This is part of

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Speaker 1: an effort to bring products to market faster and to

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Speaker 1: keep pace with new arrivals in the age of artificial intelligence.

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Speaker 1: Liz Reid is Google's head of Search.

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Speaker 5: We've seen with aioverviews that has been really great for people,

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Speaker 5: enabling them to ask new types of questions, but we

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Speaker 5: also saw that people really wanted to say sometimes they

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Speaker 5: have those hard questions, they want to go directly to

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Speaker 5: an AI powered response. They wanted to ask follow up

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Speaker 5: questions because they're trying to do something in more depth

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Speaker 5: in research, and so we really thought about what does

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Speaker 5: that experience look like for people, and how do we

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Speaker 5: bring it in so that they can ask truly their

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Speaker 5: hardest questions and then continue to explore and take action

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Speaker 5: throughout the web.

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Speaker 1: Liz read there she is Google head of Search speaking

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Speaker 1: to Bloomberg and that is news when you want it

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Speaker 1: with Bloomberg News. Now, I'm Doug Krisner, and this is

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Speaker 1: Bloomberg