1 00:00:01,240 --> 00:00:03,400 Speaker 1: News when you wanted to with Bloomberg News. Now, I'm 2 00:00:03,440 --> 00:00:07,440 Speaker 1: Doug Prisner, and we begin with global trade. Asian nations 3 00:00:07,440 --> 00:00:10,560 Speaker 1: such as South Korea, Japan, and India are leading the 4 00:00:10,560 --> 00:00:14,680 Speaker 1: way in negotiations with the Trump administration. Some find themselves 5 00:00:14,720 --> 00:00:18,320 Speaker 1: on the higher end of Trump's tariff scale. Today, Treasury 6 00:00:18,360 --> 00:00:23,040 Speaker 1: Secretary Besson said eighteen US trading partners, including China, are 7 00:00:23,120 --> 00:00:27,000 Speaker 1: currently in trade talks with Washington. Here's Bessin speaking earlier 8 00:00:27,040 --> 00:00:28,480 Speaker 1: to ABC's This Week. 9 00:00:28,720 --> 00:00:32,320 Speaker 2: This was IMF World Bank Week the NDC, as you know, 10 00:00:32,720 --> 00:00:36,680 Speaker 2: and that I had interaction with my Chinese counterparts, but 11 00:00:36,720 --> 00:00:39,760 Speaker 2: it was more on the traditional things like financial stability, 12 00:00:41,000 --> 00:00:45,640 Speaker 2: global economic early warnings. I don't know if President Trump 13 00:00:45,720 --> 00:00:47,680 Speaker 2: has spoken with President she. I know they have a 14 00:00:47,760 --> 00:00:51,000 Speaker 2: very good relationship and a lot of respect for each other. 15 00:00:51,360 --> 00:00:54,280 Speaker 2: But again, I think that the Chinese will see that 16 00:00:54,360 --> 00:00:58,160 Speaker 2: this high tariff level is unsustainable for their business model. 17 00:00:58,440 --> 00:01:03,360 Speaker 1: US Treasury Secretary's Beson, speaking earlier to ABC's This Week. Now, 18 00:01:03,400 --> 00:01:05,959 Speaker 1: the US and China appear to be at an impasse, 19 00:01:05,959 --> 00:01:09,680 Speaker 1: although last week China's Commerce ministry denied any talks with 20 00:01:09,920 --> 00:01:14,160 Speaker 1: Washington were underway. Other major Asian countries are charting a 21 00:01:14,200 --> 00:01:18,399 Speaker 1: faster track. However, US trading partners in North America and 22 00:01:18,520 --> 00:01:22,160 Speaker 1: Europe are still trying to understand the basic parameters. On 23 00:01:22,240 --> 00:01:25,920 Speaker 1: Saturday evening in Vancouver, eleven people were killed and dozens 24 00:01:25,959 --> 00:01:28,679 Speaker 1: injured when a car plowed into a crowd at a 25 00:01:28,680 --> 00:01:32,959 Speaker 1: Filipino street festival. The driver a thirty year old Vancouver man. 26 00:01:33,000 --> 00:01:35,560 Speaker 1: He was arrested at the scene and police are saying 27 00:01:35,840 --> 00:01:39,080 Speaker 1: the incident was not an act of terrorism. Here is 28 00:01:39,120 --> 00:01:42,520 Speaker 1: the Mayor of Vancouver, Ken Sim. Mental health appears to 29 00:01:42,560 --> 00:01:44,640 Speaker 1: be the underlying issue here. 30 00:01:46,319 --> 00:01:49,360 Speaker 2: And I want to be clear. If anything is to come. 31 00:01:49,240 --> 00:01:53,440 Speaker 1: Of this strategy and tragedy, it has to be changed. 32 00:01:53,600 --> 00:01:55,480 Speaker 1: That is Vancouver Mayor Ken Sim. 33 00:01:55,480 --> 00:01:55,680 Speaker 2: There. 34 00:01:55,960 --> 00:01:59,240 Speaker 1: This incident, by the way, occurred just days before Canada's 35 00:01:59,320 --> 00:02:03,560 Speaker 1: National elaection, and Prime Minister Mark Karney offered his condolences 36 00:02:03,600 --> 00:02:07,520 Speaker 1: to the Filipino community and called the attack horrific. The 37 00:02:07,640 --> 00:02:10,760 Speaker 1: US and Iran have reported progress on talks on a 38 00:02:10,840 --> 00:02:17,120 Speaker 1: deal over Iran's nuclear program after detailed discussions yesterday. In Oman. Meantime, 39 00:02:17,200 --> 00:02:21,200 Speaker 1: Israeli Prime Minister Benjamin net Niyaho called for Iran's entire 40 00:02:21,360 --> 00:02:25,880 Speaker 1: nuclear program to be dismantled. Here is Netnyahu speaking earlier 41 00:02:25,880 --> 00:02:26,680 Speaker 1: in Jerusalem. 42 00:02:26,760 --> 00:02:30,560 Speaker 3: Once they have the weapons of delivery ballistic missiles ICBMs, 43 00:02:30,840 --> 00:02:34,920 Speaker 3: intercontinental ballistic missiles, they will threaten every city in the 44 00:02:35,040 --> 00:02:39,400 Speaker 3: United States. That is a palpable danger to Israel and 45 00:02:39,440 --> 00:02:42,280 Speaker 3: to the free world, and it must be prevented. The 46 00:02:42,320 --> 00:02:46,680 Speaker 3: way to prevent it is to dismantle all the infrastructure 47 00:02:47,000 --> 00:02:49,040 Speaker 3: of Iran's nuclear program. 48 00:02:49,080 --> 00:02:52,520 Speaker 1: That was Israeli Prime Minister Benjamin net Niyahu there, speaking 49 00:02:52,560 --> 00:02:56,000 Speaker 1: earlier in Jerusalem. Now the US and Iran have agreed 50 00:02:56,000 --> 00:02:59,680 Speaker 1: to meet again soon, possibly in Europe. Shares in the 51 00:03:00,000 --> 00:03:03,760 Speaker 1: auto parts maker Toyota Industries are set to surge by 52 00:03:03,800 --> 00:03:07,200 Speaker 1: their daily limit of twenty three percent. Bloomberg News is 53 00:03:07,240 --> 00:03:12,960 Speaker 1: reporting Toyota Motor chairman Akio Toyota has proposed a deal 54 00:03:13,040 --> 00:03:16,320 Speaker 1: to buy Toyota Industries for forty two billion dollars. This 55 00:03:16,400 --> 00:03:20,960 Speaker 1: is roughly a forty percent premium over where Toyota Industries 56 00:03:21,120 --> 00:03:25,080 Speaker 1: closed in Friday session. There are many key economic data 57 00:03:25,080 --> 00:03:27,639 Speaker 1: points in the coming week, as well as earnings from 58 00:03:27,800 --> 00:03:30,720 Speaker 1: several of the Magnificent Seven. We have a preview from 59 00:03:30,720 --> 00:03:32,120 Speaker 1: Bloomberg's Karen Moscow. 60 00:03:32,200 --> 00:03:36,120 Speaker 4: We'll be watching for reports on job openings, wholesale inventories, 61 00:03:36,160 --> 00:03:39,320 Speaker 4: and consumer confidence on Tuesday, as well as earnings from 62 00:03:39,360 --> 00:03:42,840 Speaker 4: General Motors. Wednesday, we hear from Meta and Microsoft, and 63 00:03:42,920 --> 00:03:46,640 Speaker 4: watch for reports on first quarter GDP, the PCEE price, 64 00:03:46,680 --> 00:03:50,480 Speaker 4: and nex in private payrolls. Thursday, its ISM manufacturing, and 65 00:03:50,480 --> 00:03:53,560 Speaker 4: the weekly report on initial jobless claims and earnings from 66 00:03:53,560 --> 00:03:56,600 Speaker 4: Amazon and Apple. And then Friday we'll get the April 67 00:03:56,680 --> 00:04:01,000 Speaker 4: jobs reported, as well as factory orders. Karen Moscow, Bloomberg Radio. 68 00:04:01,360 --> 00:04:04,680 Speaker 1: Donald Trump Junior has reportedly told a business forum in 69 00:04:04,720 --> 00:04:08,600 Speaker 1: Budapest that Hungary should pick the US over China as 70 00:04:08,600 --> 00:04:11,800 Speaker 1: its economic partner. More from Bloomberg's Denise Pellegrini. 71 00:04:12,240 --> 00:04:15,400 Speaker 5: The Portfolio News website says Trump Junior told the closed 72 00:04:15,440 --> 00:04:18,960 Speaker 5: door session it helped organize with Hungarian entrepreneurs that China 73 00:04:19,080 --> 00:04:23,039 Speaker 5: poses a bigger threat than Russia. Trump's eldest son, called 74 00:04:23,080 --> 00:04:25,640 Speaker 5: Don Junior by many, has been holding a road show 75 00:04:25,680 --> 00:04:28,320 Speaker 5: called Trump Business Vision twenty twenty five and is also 76 00:04:28,360 --> 00:04:32,160 Speaker 5: executive vice president of the Trump Organization. He praised Hungarian 77 00:04:32,200 --> 00:04:36,560 Speaker 5: Prime Minister Victor Orbun's nationalist vision, but Orbun has attracted 78 00:04:36,600 --> 00:04:39,800 Speaker 5: billions of dollars of investment from China, including in the 79 00:04:39,839 --> 00:04:44,160 Speaker 5: battery sector and the electric vehicle industry. Denise Pellgrity Bloomberg Radio. 80 00:04:44,400 --> 00:04:47,839 Speaker 1: We go to sports. Next, Joaque Neeman has one live 81 00:04:47,960 --> 00:04:50,960 Speaker 1: goolf Mexico City for his third win of the season. 82 00:04:51,000 --> 00:04:54,240 Speaker 1: And with his victory, Neieman has secured his birth at 83 00:04:54,240 --> 00:04:57,320 Speaker 1: the US Open. This tune and that is news when 84 00:04:57,360 --> 00:04:59,880 Speaker 1: you wanted to with Bloomberg News. Now, I'm Doug Krisner 85 00:05:00,040 --> 00:05:01,039 Speaker 1: and this is Bullomberg. 86 00:05:04,520 --> 00:05:04,799 Speaker 3: MHM.