Speaker 1: News when you want it. With Bloomberg News Now, I'm
Speaker 1: Doug Chrisner. We begin with the latest on US tariffs.
Speaker 1: The White House says President Trump will officially unveil country
Speaker 1: based tariffs on Wednesday. At a Rose Garden event today,
Speaker 1: the President touted what he sees as the efficacy of
Speaker 1: his tariff threats. He said there will be at least
Speaker 1: five trillion dollars of total investment in the US soon.
Speaker 1: Here is Trump speaking earlier with reporters in the Oval Office.
Speaker 2: Apple's at five hundred billion, as I said. But they
Speaker 2: always used to spend their money in China. Now they're
Speaker 2: spending it year. That means they're going to book They
Speaker 2: don't have any test. Remember, there are no tariffs if
Speaker 2: you do your product here, if you build whatever it
Speaker 2: is in the USA.
Speaker 1: That is President Trump speaking earlier from the Oval Office. Earlier,
Speaker 1: Press Secretary Caroline Levitt said the President is also committed
Speaker 1: to implementing sectoral duties. However, she did say they will
Speaker 1: not be the focus of the April second event, and
Speaker 1: she deferred to President Trump about the timing of those levees,
Speaker 1: and Levitt declined to provide details when asked about the
Speaker 1: rate of those reciprocal tariffs and which countries would be hit.
Speaker 1: Commerce Secretary Howard Lutnick has signaled he could withhold grants
Speaker 1: promised under the US Chips Act. We are told Lutnik
Speaker 1: is pushing for companies in line for federal semiconductor subsidies
Speaker 1: to substantially expand their projects in the US. Senate Minority
Speaker 1: Leader Chuck Schumer was in Staten Island today with a
Speaker 1: warning to residence for New York City's most conservative leaning borough.
Speaker 1: He says cuts to Medicaid would devastate the elderly while
Speaker 1: also putting healthcare jobs at risk. Here, Schumer speaking to
Speaker 1: reporters at a local nursing home.
Speaker 3: A lot of people directly get Medicaid, but so many
Speaker 3: others who were middle class families have parents in facilities
Speaker 3: like this, in nursing homes and assisted living facilities. If
Speaker 3: Medicaid were cut, these facilities would close. The director here
Speaker 3: told me that if Medicaid is cut, he's going to
Speaker 3: have to close.
Speaker 1: That is Senator Chuck Schumer speaking there. As the federal
Speaker 1: government does proceed with its DOGE cost cutting plan, Medicaid
Speaker 1: and Social Security could be on the chopping block. Earlier
Speaker 1: this month, Elon Musk referred to entitlements as the big
Speaker 1: one to cut, saying it could save the government upwards
Speaker 1: of five hundred billion dollars. Now, the Department of Government
Speaker 1: Efficiencies efforts has faced a number of hurdles, including mounting
Speaker 1: legal challenges as well as opposition from Democratic lawmakers. We
Speaker 1: go to France next, where a court in Paris sent
Speaker 1: shock waves through French politics. Earlier today, far right leaner
Speaker 1: Marine Leapin has been found guilty of embezzlement and barred
Speaker 1: from running for office for the next five years. Bloomberg
Speaker 1: Stephen Carroll tells us this could set up a power
Speaker 1: of vacuum ahead of the next presidential election in twenty
Speaker 1: twenty seven.
Speaker 4: We'll be looking to see whether jo Dan Bardella, who
Speaker 4: is seen as really the next leading figure in the party,
Speaker 4: will take over as the Naser Ali's candidate in the
Speaker 4: presidential elections. He doesn't poll quite as strongly asthma In
Speaker 4: Lapan does. He hasn't been around quite frankly on the
Speaker 4: blisical scene as long he's under thirty, as oppose to
Speaker 4: Marie Lapan, who's been such a leading figure in French
Speaker 4: politics over the coming years.
Speaker 1: That is Bloomberg. Stephen Carroll. Now Lapen's lawyer is promising
Speaker 1: to appeal, but that process might not be complete before
Speaker 1: the next election. SpaceX has sent a four person team
Speaker 1: of civilian astronauts into orbit dubbed From two. This mission
Speaker 1: will be the first human spaceflight to fly over the
Speaker 1: Earth's poles. Keith Cowing is editor at NASA Watch.
Speaker 5: You have an interesting mission here. This spacecraft, the Dragon
Speaker 5: spacecraft has flown many times, so it's a proven vehicle.
Speaker 5: Normally it goes to the International Space Station, or it
Speaker 5: goes into an orbit that's sort of over you know,
Speaker 5: most of North America, the Asia.
Speaker 1: That is Keith Cowing of NASA Watch. Now. Since launching
Speaker 1: its first two person crew of astronauts into space in
Speaker 1: twenty twenty, SpaceX has conducted thirteen human spaceflight missions. Those
Speaker 1: include nine crewede missions for NASA and four commercial missions.
Speaker 1: SpaceX is slated to launch its next commercial flight as
Speaker 1: soon as August twenty sixth. That's when a mission called
Speaker 1: Polaris Dawn is slated to perform the first ever private
Speaker 1: spacewalk in the NCAA Women's Elite eight Texas b TCU
Speaker 1: by a score of fifty eight to forty seven and
Speaker 1: Yukon topped USC seventy eight to sixty four. That is
Speaker 1: news when you want it with Bloomberg News Now. I'm
Speaker 1: Doug Chrisner, and this is Bloomberg