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Speaker 1: News what you want it with Bloomberg News Now, I'm

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Speaker 1: Denise Pelleguini. Ireland is poised to get its youngest ever

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Speaker 1: premier talking about Simon Harris because he has just secured

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Speaker 1: the leadership of the Fine Gael Party, replacing Leo Veradker,

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Speaker 1: who announced his surprise resignation last week. Thirty seven year

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Speaker 1: old Harris, who is the government's Further and Higher Education Minister,

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Speaker 1: was the only candidate to put his name forward to

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Speaker 1: succeed Forradker, who had been Ireland's previous youngest prime minister.

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Speaker 1: Harris expected to be formally elected Premier in the Irish

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Speaker 1: Parliament next month after lawmaker's return from their Eastern break.

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Speaker 1: Russian President Vladimir Putin vowing retribution for the concert hall

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Speaker 1: terror attack Friday, day of national mourning in Russia, Grieving

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Speaker 1: Russians gathering at a makeshift memorial, leaving flowers in a

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Speaker 1: few words of prayer at the scene of the deadly

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Speaker 1: terror attack at Crocus City concert hall that left more

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Speaker 1: than one hundred and thirty people dead. Isis again claiming responsibility,

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Speaker 1: now releasing video about it, but so far rushed officials

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Speaker 1: are ignoring that the US is concerned that Kremen may

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Speaker 1: be trying to push blame onto Ukraine. Vice President Kamala

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Speaker 1: Harris says there's no evidence of Ukrainian involvement.

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Speaker 2: There is no, whatsoever any evidence, and in fact, what

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Speaker 2: we know to be the case is that isis k

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Speaker 2: is actually on by all accounts, responsible for what.

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Speaker 1: Happened, and here is there on ABC meantime, Russian large

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Speaker 1: scale missile barrage against Ukraine early this morning and Poland

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Speaker 1: informing NATO that one of the cruise missiles crossed into

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Speaker 1: Polish airspace for thirty nine seconds during the attack. Ukraine

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Speaker 1: meantime saying it is struck to Russian warships. It's also

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Speaker 1: inflation watch time. We'll get a reading on the Fed's

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Speaker 1: preferred measure of underlying US inflation with the government's PCE

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Speaker 1: deflator for February this coming Friday. It's expected to show

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Speaker 1: inflation remains uncomfortably high. Former Treasury Secretary Larry Summers thinks

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Speaker 1: the FED needs to keep fighting inflation because of a

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Speaker 1: flood of inflationary forces we're not paying attention to.

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Speaker 3: I don't think the prospect of tariff increases, of reductions

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Speaker 3: and immigration of more restriction on foreign investment. What that

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Speaker 3: means for the dollar. I don't think that's reflected in

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Speaker 3: consensus inflation views, and so I think that's another upside

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Speaker 3: risk to inflation, and frankly, it's one that would be

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Speaker 3: substantially exacerbated if the Trump economic program, at least as

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Speaker 3: it's been described in recent months, were to be implemented.

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Speaker 1: And former Treasury Secretary Larry Summers there on the Bloomberg

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Speaker 1: Wall Street Week podcast, which you could download wherever you

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Speaker 1: get your podcasts. Also coming this week, courtly results from

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Speaker 1: payroll software provider Paychecks and uniform makers SINTAS, and voters

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Speaker 1: in Chicago saying no to a mention text. Bloomberg s

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Speaker 1: ed Coleggi is more on.

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Speaker 4: That Chicago voters have rejected Mayor Brandon Johnson's plan to

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Speaker 4: increase taxes on real estate transactions of one million dollars

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Speaker 4: or more, dealing a blow to the first term democrats

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Speaker 4: progressive agenda. About fifty three percent of voters opposed the referendum,

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Speaker 4: according to the Chicago Board of Elections. The measure would

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Speaker 4: have allowed the city Council to increase transfer levies on

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Speaker 4: upmarket residential and commercial property. Sales. The defeat shows the

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Speaker 4: challenges that Johnson faces trying to enact his campaign's policies.

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Speaker 4: Elected last year on a platform advocating for the city's

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Speaker 4: wealthiest to contribute more, his Bring Chicago Home campaign aimed

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Speaker 4: to implement the so called mansion tax to fund efforts

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Speaker 4: against homelessness. Opponents warned that the tax hike would hurt

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Speaker 4: the city's already fragile real estate market, while proponents said

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Speaker 4: the measure would have raised one hundred million dollars a year.

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Speaker 4: Ed Kleggy Bloomberg Radio, all.

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Speaker 1: Right, thank you.

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Speaker 5: Ed.

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Speaker 1: Sam begman Fried, co founder of cryptocurrency exchange FTX, scheduled

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Speaker 1: for sentencing in New York Thursday. US District Judge Lewis A.

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Speaker 1: Kaplan scheduled to sentence the thirty two year old. The

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Speaker 1: judge's decision could be a bellweather for other cryptoc and

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Speaker 1: see execs who defraudt investors or mismanaged client funds. Bankin

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Speaker 1: Fried's lawyers had proposed a six and a half year sentence.

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Speaker 1: Prosecutors say Sam Bankman Fried should get as much as

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Speaker 1: fifty years behind bars. And in March Madness, North Carolina

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Speaker 1: beats Tom Izzo Michigan State in March Madness again to

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Speaker 1: reach the sweet sixteen. Here's Izzo on the lass.

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Speaker 2: I kept saying to myself, I know this team has

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Speaker 2: enough and and I you know what, I'll leave today

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Speaker 2: believing I'm right. I really think we have enough that

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Speaker 2: we could have made a little run. I really do.

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Speaker 1: Tar heels. North Carolina head coach Hubert Davis says, you

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Speaker 1: UNC had to fight to overcome the early deficit.

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Speaker 5: Michigan State is always Michigan State. It's you know, extremely

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Speaker 5: well coached. I can't have any more respect for a

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Speaker 5: coach that I have. Coach is oh his program. The

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Speaker 5: way he runs his program is you know, the type

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Speaker 5: of teams, the way that they play.

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Speaker 1: So we knew that, and player RJ. Davis scored twenty

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Speaker 1: points to help you and see beat the Spartans eighty

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Speaker 1: five to sixty nine last night, pushing the UNC to

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Speaker 1: the sweet sixteen. You know this keeps them unbeaten and

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Speaker 1: March madness against Dizzo's teams in a series going back

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Speaker 1: twenty six years, and UNC moves on to the regional

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Speaker 1: semifinals in Los Angeles. They'll face either Grand Canyon or

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Speaker 1: Alabama on Thursday night, depending on what happens today. And

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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 Denise Pellegrinne and this is Bloomberg