Speaker 1: News when you wanted with Bloomberg News Now, I'm Dan Schwartzman.
Speaker 1: President Trump says that he quote couldn't care less if
Speaker 1: car prices are raised by automakers. In response to his
Speaker 1: planned twenty five percent tariff on auto parts, Trump stated
Speaker 1: that if carmakers decide to raise prices, people would just
Speaker 1: start buying American made cars. Imported cars and light trucks
Speaker 1: accounted for around half of the roughly sixteen million vehicles
Speaker 1: sold in the US last year. JP Morgan Chase analysts
Speaker 1: estimate that car prices will jump eleven percent on average
Speaker 1: if Trump implements the tariffs. Trump in the interview also
Speaker 1: went on to say that he's looking at an next
Speaker 1: screen land and won't take the option of doing so
Speaker 1: using military force off the table, although he doesn't believe
Speaker 1: he'll have to resort to that. The president also said
Speaker 1: he does not plan to fire anyone over the security
Speaker 1: leak of planned military action in Yemen. On this signal
Speaker 1: chat app, the death told Me and mar from the
Speaker 1: seven point seven magnitude earthquake has passed sixteen hundred, with
Speaker 1: over thirty four hundred people injured and one hundred and
Speaker 1: thirty nine still missing, with extensive damage reported in the
Speaker 1: city of Mandalay. International rescue teams from China, India, and
Speaker 1: Russia have arrived to assist, while countries including the US
Speaker 1: have pledged to send aid following the military junta's rare
Speaker 1: request for international help. In neighboring Thailand, rescues are searching
Speaker 1: for dozens of people missing from a collapsed high rise
Speaker 1: building in Bangkok, and authorities have declared the quake a
Speaker 1: Level three disaster, with safety audits and temporary shelters set
Speaker 1: up in response. We're hearing Ukraine plans to ask for
Speaker 1: changes to President Trump's for post sweeping new economic deal
Speaker 1: with the US. More details from Bloomberg's Denise Pellegrini.
Speaker 2: A draft proposal of this deal seen by Bloomberg News
Speaker 2: would grant Washington control over all major future infrastructure and
Speaker 2: mineral investments in Ukraine and with no time limit attached,
Speaker 2: but sources Saikiev is concerned the deal may undermine its
Speaker 2: bid to join the European Union and require it to
Speaker 2: pay US military and economics support provided since the start
Speaker 2: of Russia's war with Ukraine. Ukrainian officials, as a result,
Speaker 2: are seeking clarification and amendments to this deal with the US,
Speaker 2: and they want to pledge for more US investment as
Speaker 2: part of a reward.
Speaker 1: Vice President Jade Vance raised attempt sture on relations with Denmark,
Speaker 1: criticizing the European ally for not doing a good job
Speaker 1: of keeping Greenland safe while under investing in the island's
Speaker 1: people and security architecture. Danish Foreign Minister Loke Rasmussen says
Speaker 1: Denmark is willing to discuss a larger American security presence,
Speaker 1: but we are open to criticism. But let me be
Speaker 1: completely honest. We do not appreciate the tone in which
Speaker 1: is being delivered. This is not how you speak to
Speaker 1: your close allies. Meanwhile, President Trump believes the US needs
Speaker 1: to take control of Greenlands for international security, citing the
Speaker 1: presidence of Chinese and Russian ships in the area. The
Speaker 1: Trump administration has revoked permits and waivers allowing Western energy
Speaker 1: firms such as Global Oil Terminals REPSOL and morel et
Speaker 1: Prom to operate in Venezuela. President Trump recently gave Chevron
Speaker 1: a deadline of May twenty seventh to wrap up its
Speaker 1: operations in the country as a way to pressure Venezuelan
Speaker 1: President Nicholas Maduro's regime to make democratic reforms as well
Speaker 1: as accept the return of more Venezuelans who had migrated
Speaker 1: to the US. Another near miss a Reagan National Airport
Speaker 1: in Washington, as a Delta flight was cleared for takeoff
Speaker 1: at the same time four US Air Force T thirty
Speaker 1: eight tallon jets were inbound for a flyover of Arlington
Speaker 1: National Cemetery. The commercial flight received an on board alert
Speaker 1: of a nearby aircraft, while air traffic controllers issued corrective
Speaker 1: instructions to both airplanes. The Delta plane was carrying one
Speaker 1: hundred and thirty one passengers, with two pilots and three
Speaker 1: flight attendants. The incident comes just two months after mid
Speaker 1: air collision above the same airport killed sixty seven people.
Speaker 1: As the federal government seeks to cut spending, Defense Secretary
Speaker 1: Pete Hegsith has signed AI a memorandum that aims reduced
Speaker 1: the Department of Defense's civilian workforce. The DoD announced plans
Speaker 1: last month to fire between five and eight percent of
Speaker 1: its civilian workforce, which currently numbers around nine hundred and
Speaker 1: fifty thousand employees. The proposed cuts could number seventy six thousand.
Speaker 1: HEXAI called for the implementation of the Deferred Resignation Program
Speaker 1: and for offering voluntary early retirement to eligible civilian employees.
Speaker 1: The NCAA Men's college basketball ellegiate matchups began and today
Speaker 1: with one seed Florida holding on to beat three seed
Speaker 1: Texas Tech advance the Final four, while currently one seed
Speaker 1: Duke is battling two seed Alabama. Tomorrow's games feature two
Speaker 1: one versus two matchups, as one seed Houston takes on
Speaker 1: two seed Tennessee, while one seed Auburn plays two seed
Speaker 1: Michigan State. That's news when he want it with Bloomberg News. Now,
Speaker 1: I'm Dan Schwartzman, and this is Bloomberg