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Speaker 1: News when you wanted it with Bloomberg News Now, I'm

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Speaker 1: Brian Curtis in Hong Kong. Six missing construction workers are

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Speaker 1: presumed dead after a bridge collapse in Baltimore. More from

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Speaker 1: Bloomberg's Dan Schwartzman.

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Speaker 2: The search for survivors at the Francis Scott Key Bridge

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Speaker 2: collapse site in Baltimore, Maryland was suspended overnight, with the

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Speaker 2: six people missing deemed to be deceased. The six were

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Speaker 2: construction workers from a business called Browner Builders, and we're

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Speaker 2: doing repair work on the bridge. Coastguard Rear Admiral Shannon

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Speaker 2: Gilreath explains why the operation was transitioning to a new phase.

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Speaker 3: Based on the length of time that we've gone in

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Speaker 3: the search, the extensive search efforts that we've put into it,

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Speaker 3: the water temperature that at this point we do not

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Speaker 3: believe that we're going to find any of these individuals

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Speaker 3: still alive.

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Speaker 2: That's Coastguard Rear Admiral Shannon Gilreath. The search for the

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Speaker 2: missing is resuming this morning, Dan Schwartzman.

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Speaker 1: Bloomberg Radio President Joe Biden said the US government should

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Speaker 1: pay to rebuild the bridge. He called on Congress to

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Speaker 1: approve the funds it's.

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Speaker 4: My intention that federal government will pay for the entire

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Speaker 4: cost of reconstructing that bridge.

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Speaker 3: I expect the Congress to support my effort.

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Speaker 1: Biden has directed authorities to move heaven and Earth to

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Speaker 1: reopen Baltimore's port as soon as possible. Visa and MasterCard

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Speaker 1: have agreed to cap credit card swipe fees. It's one

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Speaker 1: of the most significant antitrust settlements ever. US merchants say

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Speaker 1: the move will save them at least thirty billion dollars

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Speaker 1: over five years. The deal means retailers will charge consumers

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Speaker 1: extra at checkout for using Visa or MasterCard credit cards.

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Speaker 1: Bloombergs Nathan Dean says most of the impact from this

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Speaker 1: settlement will be borne by the banks.

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Speaker 4: A lot of this is going to the banking industry,

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Speaker 4: so the banks are not going to be happy about this.

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Speaker 4: And while the thirty billion dollars is significant, it doesn't

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Speaker 4: structurally change the Visa MasterCard dominate the network for.

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Speaker 1: This the settlement is still subject to court approval. China's

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Speaker 1: BYD has reported annual profit that missed analyst estimates. Net

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Speaker 1: income for twenty twenty three was four point one six

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Speaker 1: billion dollars compared to an estimate of four point twenty

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Speaker 1: nine billion. Bloomberg's Linda Lou has more.

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Speaker 5: To take things into perspectives. BYD's profits the break record

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Speaker 5: for the company. It managed to sell also another record

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Speaker 5: breaking three million vehicles last year. Overall, it is doing well,

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Speaker 5: but obviously analysts have higher expectations for the company. The

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Speaker 5: bottom line has been impacted by the price war, which

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Speaker 5: BYD is intensifying, discounting many of its popular models since

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Speaker 5: late last year and continuing well into this year.

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Speaker 1: That's Bloomberg's Linda Lou. BYD has discounted most of its

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Speaker 1: product range as it seeks to convince drivers to switch

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Speaker 1: from gas guzzling cars to evs. Ali Baba has called

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Speaker 1: off an initial public offering for its Signing Our Logistics

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Speaker 1: arm in Hong Kong. Bloomberg's Bonniau has more on the story.

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Speaker 6: In a surprise move Ali Baba's shelf, the one billion

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Speaker 6: dollar deal is the second time Baba has next a

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Speaker 6: high profile debut for one of its main businesses. Earlier,

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Speaker 6: the freshopole Ipo was put on the back burner. The

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Speaker 6: moves cast out on an earlier plan to restructure the

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Speaker 6: firm into six separate entities. The objective now appears to

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Speaker 6: be combining operations into the mainstay commerce arm while selling

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Speaker 6: off non core assets. Chairman Joseph Tye described the market

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Speaker 6: as pretty depressed, and he said a spin off of

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Speaker 6: Tinya would not have raised the kind of patient capital

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Speaker 6: needed for globe expansion. Ali Baba owned sixty four percent

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Speaker 6: of Tinyo. It now plans to buy out the remaining

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Speaker 6: stock held by investors and employees in Hong Kong. I'm

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Speaker 6: Bonnie Al Bloomberg Radio.

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Speaker 1: A Bloomberg News Morning Consult poll shows that President Biden

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Speaker 1: has gained ground against Republican Donald Trump in six of

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Speaker 1: seven key swing states. The boost in the President's direction

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Speaker 1: comes after five months, if Trump leads. We get more

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Speaker 1: from Bloomberg's Laura Davison.

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Speaker 7: This pole was in the field in mid March, which

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Speaker 7: when a couple significant things were happening. This when in

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Speaker 7: right after both Trump and Biden clinched the nominations for

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Speaker 7: their respective parties, So the race really crystallized and solidified

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Speaker 7: for a lot of people knowing that, okay, these are

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Speaker 7: going to be the two candidates. The other thing that

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Speaker 7: happened right before the poll went into the field is

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Speaker 7: Biden had a State at the Union address. This was

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Speaker 7: generally lauded as a good speech for the president where

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Speaker 7: he had a vibrant speech, was able to reach out

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Speaker 7: to a lot of people. So these were sort of

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Speaker 7: two favorable things for Biden heading into when voters were

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Speaker 7: asked about their preferences.

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Speaker 1: Bloomberg's Laura Davison, The US Supreme Court has signaled it's

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Speaker 1: likely to preserve full access to a widely used abortion pill.

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Speaker 1: A suit by anti abortion doctors had aimed to roll

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Speaker 1: back FDA steps that broadened mifair pristone's availability. That included

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Speaker 1: a twenty twenty one court decision approving dispensation by mail.

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Speaker 1: The Supreme Court has never before restricted access to an

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Speaker 1: approved drug by overriding the FDA's conclusions about safety. That's

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Speaker 1: news when you wanted with Bloomberg News. Now, No, I'm

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Speaker 1: Brayon Curtis. This is bloomberd

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Speaker 5: MHM.