Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen efforts to end the war, where Iran are getting
Speaker 3: complicated now and Iranian media report says the latest US
Speaker 3: proposal to stop the fighting has narrowed the gaps to
Speaker 3: some extent. But Reuters is reporting that Iran Supreme Leader
Speaker 3: mocht To Bhamani has ordered the country's highly enriched geranium
Speaker 3: stockpile not to be sent abroad. President Trump says that
Speaker 3: is a non starter.
Speaker 4: We get the highly enriched, we will get it. We
Speaker 4: don't need it, we don't want it. We'll probably destroy
Speaker 4: it after we get it, but we're not going to let.
Speaker 2: Them have it.
Speaker 3: The President Trump's also coming out against a plan by
Speaker 3: Iran and Oman to set up a permanent toll system
Speaker 3: through the Strait of horm Moves. Bloomberg Stewart Livingston Wallace
Speaker 3: reports that could be a major sticking point.
Speaker 5: This is, as Trump says, an international Wolshoy condition that
Speaker 5: you don't have tolls on that, and I think it
Speaker 5: would be very difficult for the international community, not least
Speaker 5: the liberal states here, and you know, the regional states
Speaker 5: to accept that going forward, they have to pay a
Speaker 5: toll to either Iran or o'mano both in order to
Speaker 5: move their goods through.
Speaker 3: Bloomberg Steart living Ston Wallace reports President Trump's threatened to
Speaker 3: resume attacks within days if Iran does not agree to
Speaker 3: his terms, though he has made that threat several times before.
Speaker 2: Meantime, Nathan on Capitol Hill, House Republican leaders abruptly called
Speaker 2: off a vote to authorize the Iran War. Armed Services
Speaker 2: Chair Mike Rodgers says not enough Republicans or president for
Speaker 2: the vote. Massachusetts Democrat Jim mc govern says, it's because
Speaker 2: they're running out of support. Cash prices it through the road.
Speaker 6: People can't afford.
Speaker 3: People can afford their groceries.
Speaker 7: Is that why you're pulling it?
Speaker 3: You guys don't have the gos.
Speaker 8: The the House will be in order.
Speaker 2: Democrat Jim mc govern blasted the canceled vote on the
Speaker 2: House floor. Last week, the House ted on a similar
Speaker 2: vote that Democrats have been forcing repeatedly to highlight the
Speaker 2: growing economic toll from the war and Karin.
Speaker 3: The war could also be affecting President Trump's decision to
Speaker 3: sign off on a fourteen billion dollar arm sale to Taiwan.
Speaker 3: Acting Navy Secretary Hon Kou told a Senate committee that
Speaker 3: the US has put a temporary hold on arm sales
Speaker 3: to the island to ensure the US has enough supplies
Speaker 3: for the conflict. A spokesman for Taiwan's president says there
Speaker 3: is currently no indication that the US plans to make
Speaker 3: any adjustments to the sale.
Speaker 2: Nathan President Trump says he plans to send five thousand
Speaker 2: troops to Poland. The decision reverses a plan to suspend
Speaker 2: an army deployment to Poland, which was paused by the
Speaker 2: Pentagon a week earlier. Began more from Bloomberg Chief European
Speaker 2: correspondent Oliver.
Speaker 9: Crook, the United States found that actually the quickest way
Speaker 9: to pull troops out of Europe was to block the
Speaker 9: rotation that was coming into Poland. And obviously Poland is
Speaker 9: seen as a more model ally at the moment to
Speaker 9: the United States because they're not being as disparaging as
Speaker 9: Donald Trump. And they sort of reversed that move saying
Speaker 9: that actually they're going to send five thousand troops to Poland.
Speaker 9: So I think net we're talking about still a reduction
Speaker 9: in truth for the Germans, but they didn't want to
Speaker 9: punish the polls. Interestingly, for some reason, Donald Trump and
Speaker 9: cited the fact that the Poles had elected the president
Speaker 9: who was an ally of Trump, but that was August
Speaker 9: of last year, so anyway, it was a sort of
Speaker 9: a jumbled message here. But it seems that broadly speaking,
Speaker 9: still their plan is to remove troops from Germany. They
Speaker 9: don't want to punish Poland. And overall, we should say
Speaker 9: that the American posture is they do want to reduce
Speaker 9: their troop levels in Europe.
Speaker 4: Overall.
Speaker 2: Bloomberg Chief European correspondent Oliver Crooks's President Trump has suggested
Speaker 2: a broader draw down of the US's eighty five thousand
Speaker 2: military personnel in Europe, and that's in the works.
Speaker 10: Man.
Speaker 3: Back here in the US, Karen the Senate has left
Speaker 3: Washington for a week long recess without passing President Trump's
Speaker 3: seventy two billion dollar immigration package. Bloomberg Zamy Morris reports
Speaker 3: from Washington.
Speaker 10: Republican Senator Shelley Moore Capito explains there were just too
Speaker 10: many questions about the President's so called anti weaponization fund.
Speaker 11: It just became much more complicated. A lot of questions
Speaker 11: about what is this fund, who decides who's eligible, how
Speaker 11: did it come about, Why are we hearing about this now?
Speaker 10: Senator Shelley Moore Capito on balance of power. Senate Minority
Speaker 10: Leader Chuck Schumer says, there is a way forward.
Speaker 5: Stop backing the slush fund, stop pushing the ballroom, and
Speaker 5: as soon as we get back, join Democrats in fighting
Speaker 5: to lower americans costs.
Speaker 10: The bill had already faced significant pushback from Republicans over
Speaker 10: using the bill to fund Trump's ballroom in Washington. Amy
Speaker 10: Moore as Bloomberg Radio.
Speaker 2: Rightimi, thank you all. This is shaping up to be
Speaker 2: one of the most expensive Memorial Days on record, as
Speaker 2: millions get set hit the road this weekend. The price
Speaker 2: of gasoline is more than forty percent higher than a
Speaker 2: year ago. Bloomberg Economic reporter Mark knick Khatz says that's
Speaker 2: not the only thing rising for consumers.
Speaker 12: We're starting to see a big increase in food prices,
Speaker 12: but in particular prices for things like beef and lettuce
Speaker 12: and tomatoes. The average ground beef prices in April broke
Speaker 12: the seven dollars per pound threshold for the first time,
Speaker 12: and steak is now past thirteen dollars a pound. Tomatoes
Speaker 12: are up forty percent compared to this time last year.
Speaker 12: That's the biggest jump since two thousand.
Speaker 2: And four, and Bloomberg's Marketnikhead says economists expect food prices
Speaker 2: to keep rising, in part because of the diminished supply
Speaker 2: and rising prices of fertilizer as a result of the
Speaker 2: around war. You can get more details on the cost
Speaker 2: of Memorial Day on our special holiday edition of Bloomberg Daybreak.
Speaker 2: Catch that at five am Wall Street Time on Monday,
Speaker 2: or on the Daybreak podcast, available wherever you download.
Speaker 3: Well, Karen, It's the end of an era. In late night,
Speaker 3: Stephen Colvert has hosted his final episode of his CBS
Speaker 3: show and Bloomberg's Alexis Christophers joins us from New York
Speaker 3: with the recap Alexis.
Speaker 11: Good Morning, Nathan. It was an emotional final show after
Speaker 11: eleven years and eighteen hundred monologue. Stephen Colbert mostly steered
Speaker 11: clear of political jokes and criticism of President Trump in
Speaker 11: a star studded final show on CBS. The parade of
Speaker 11: actors and comedians included Brian Kranston, Paul Rudd, Tim Ryan Reynolds, Who's.
Speaker 13: Going to be my last guest.
Speaker 14: Now, ayc what about me?
Speaker 11: Musician Paul McCartney was Colbert's final guest. He appeared with
Speaker 11: the Beatles on The Ed Sullivan Show, which filmed in
Speaker 11: the same theater as Colbert Day Stop. Colbert was singing
Speaker 11: back up there. Last year a CBS said it was
Speaker 11: canceling the Late Show because of financial reasons and not
Speaker 11: because of its content. In New York, Alexis Christophers Bloomberg Radio.
Speaker 2: Right, Alexis, thank you. As Colbert departs CBS. It's a
Speaker 2: new tenure at the Federal Reserve. This morning, Kevin Warshall
Speaker 2: be sworn in his FED sherman by President Trump at
Speaker 2: the White House. Bloomberg Economics Anna Wong notes that warsh
Speaker 2: has said he is committed to preserving the Fed's independence.
Speaker 13: You know, at his confirmation hearing, he vigorously denied the
Speaker 13: idea that he has promised Trump rate cuts. And also,
Speaker 13: I think a sizeable portion of market participants, including ourselves,
Speaker 13: suspect that Kevin warsh in fact is a hawk at
Speaker 13: the heart of things. But the reality is the market
Speaker 13: is already doing the hiking for him, and he may
Speaker 13: be happy about that.
Speaker 2: Bloomberg Economic Chief US Economist and A Wong. Let's get
Speaker 2: to a setback now, Nathan for elon Musk, SpaceX and Bloomberg.
Speaker 2: John Tucker joins us with the latest. John, Good morning, Good.
Speaker 6: Morning, Karen. The launch of Starship, the biggest and most
Speaker 6: powerful rocket ever built, was scrubbed with just forty seconds
Speaker 6: to go, waiting.
Speaker 3: To see if the launch director confirms go for launch
Speaker 3: and they're in a hold.
Speaker 6: A pen holding the tower arm in place failed to
Speaker 6: retract at the South Texas launch facility. The mission was
Speaker 6: set a day after Musk company filed publicly for an IPO.
Speaker 6: As part of that filing, SpaceX has proposed a number
Speaker 6: of ambitious initiatives that require a Starship to be fully operational.
Speaker 6: For much of last year, Starship's test flight suffered from
Speaker 6: repeated explosions. The next launch window will open late this afternoon.
Speaker 6: I'm John Tucker, Bloomberg Radio.
Speaker 3: As we head into Memorial Day weekend, Karen, the auto
Speaker 3: racing world is morning the death of Kyle Busch, the
Speaker 3: two time Cup Series champion, won more races than anyone
Speaker 3: across NASCAR's three national series. Bush's family says he was
Speaker 3: hospitalized with a severe illness three days before he was
Speaker 3: set to compete in the Coca Cola six hundred at
Speaker 3: Charlotte Motor Speedway. Kyle Busch was forty one years old.
Speaker 3: No cause of death was given.
Speaker 2: Time now for a look at some of the other
Speaker 2: stories making news in New York and around the world,
Speaker 2: and for that we're joined by Bloomberg's Michael Barr. Michael,
Speaker 2: good Morning, Good morning.
Speaker 7: Karen. Uganda has closed its border with Democratic Republic of
Speaker 7: Congo to check the spread of an outbreak of the
Speaker 7: deadly E Bowla virus. It comes as health officials are
Speaker 7: defending the decision to bar a Detroit bound Air France
Speaker 7: passenger traveling from an Ebola hot zone in Central Africa
Speaker 7: from entering the US. The flight from Paris was diverted
Speaker 7: to Canada, where that passenger did plane. This woman was
Speaker 7: a passenger on the flight.
Speaker 4: The flight attendants all had masks on which no one
Speaker 4: had had on prior to that announcement, so it was
Speaker 4: really concerning, like what is going on here?
Speaker 7: Canadian officials say the passenger did not show symptoms and
Speaker 7: is unlikely to spread the ebolavirus. The US is now
Speaker 7: denying entry to anyone without a US passport who has
Speaker 7: recently traveled through the affected regions. Any American coming home
Speaker 7: from the areas have to fly to Washington Dulles Airport
Speaker 7: to be screened by the CDC. Questions of being raised
Speaker 7: over how former Cuban President Rooul Castro would be brought
Speaker 7: to the US to face charges. On Wednesday, the US
Speaker 7: issued a federal indictment charging Castro with murder over his
Speaker 7: alleged role in shooting down two planes that were carrying
Speaker 7: Humanitari eight to the island in nineteen ninety six. Four
Speaker 7: US nationals were killed. The Trump administration has been vague
Speaker 7: in its answers to bring Castro to the US. Secretary
Speaker 7: of State Marco Rubio, Well.
Speaker 3: I'm not going to talk about how we're going to
Speaker 3: get him here. If we were trying to get him here,
Speaker 3: why would I say to the media what our plans
Speaker 3: are about that.
Speaker 6: I know you have to ask, But why.
Speaker 2: Would I answer that?
Speaker 7: Today? Secretary Rubio will attend a NATO Foreign minister's meeting
Speaker 7: in Sweden. British police are appealing for witnesses in their
Speaker 7: investigation into potential offenses by former Prince Andrew, including sexual misconduct.
Speaker 7: A woman alleges she was taken to Windsor in twenty
Speaker 7: ten for sexual purposes. Andrew has repeatedly denied any wrongdoing.
Speaker 7: Global News twenty four hours a day and whenever you
Speaker 7: want it with the Bloomberg News. Now, Michael Barn This
Speaker 7: is Bloomberg Karen.
Speaker 2: Thanks Michael. Time now for our Bloomberg Sports updating. For that,
Speaker 2: we bring in John stash Hour.
Speaker 8: Thanks darn. Tragic news from nascular Kyle Busch died suddenly
Speaker 8: at the age of forty one. He was planning to
Speaker 8: be in this weekend. He was the Cup Series champion
Speaker 8: twice in twenty fifteen to nineteeny one, sixty three Cup
Speaker 8: Series races in the NBA Playoffs, another win for the Knicks.
Speaker 8: They've won nine in a row. They've be in Cleveland
Speaker 8: in New York one o nine to ninety three. Josh
Speaker 8: Hart score twenty six points to the next lead the
Speaker 8: East Finals two games to none Game one, and the
Speaker 8: Stanley Coupiast Final in Montreal, won sixty two at Carolina.
Speaker 8: That's you, Bloomberg Sports fifteen.
Speaker 2: Stay with us. More from Bloomberg Day Break coming up
Speaker 2: after this.
Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Sirius XM
Speaker 1: and around the world on Bloomberg dot Com and the
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 3: Good Morning on Nathan Hager. Is The standoff between the
Speaker 3: US and Iran continues. Tehran says the latest US proposal
Speaker 3: to end the fighting has narrowed the gaps to some extent,
Speaker 3: but President Trump says he won't budge when it comes
Speaker 3: to Iran giving up its enriched geranium.
Speaker 2: Right now when negotiating, and we'll see.
Speaker 8: But either we're gonna get it way the other they're
Speaker 8: not going.
Speaker 7: To have a nuclear open.
Speaker 3: That was President Trump speaking in the Oval Office, joining
Speaker 3: us from Dubai. This morning is Bloomberg News Middle East
Speaker 3: Managing Editor Paul Wallace. Paul, where do things stand now
Speaker 3: in the talks? It seems like we keep hearing conflicting statements.
Speaker 3: Good morning, Hi, Good morning.
Speaker 14: Yes, we're still in that phase where each side, both
Speaker 14: the Uranians in the US are making conflicting statements and
Speaker 14: vacillating between threats to resume hostilities or react powerfully to
Speaker 14: any new strikes on their territory, and also some optimistic
Speaker 14: words thrown in there as well. I think it is
Speaker 14: notable that the Iranians yesterday, through their state media, said
Speaker 14: that the latest US proposal proposal partly bridged the gaps
Speaker 14: between between the warring countries, and Marco Rubio on his
Speaker 14: trip to Europe, the Sectary of State has said similar that,
Speaker 14: you know, there has been slight levels of progress, so
Speaker 14: they're being cautious, but it is the first time in
Speaker 14: at least a week that either side is talking about
Speaker 14: Iran in the US potentially moving closer to a deal,
Speaker 14: but it's still we're still in a very fragile phase
Speaker 14: and there's no guarantee that we won't see a return
Speaker 14: to a hot war in the coming few days or weeks.
Speaker 3: And in the meantime, Paul, we're hearing more as well
Speaker 3: from the United Arab Emirates about this week's drone attack
Speaker 3: on one of its nuclear power plants. What's the UAE
Speaker 3: saying now.
Speaker 14: So this was a drone attack on Sunday on the
Speaker 14: UAE's only nuclear power plant. It's the biggest in the
Speaker 14: Middle East. It's called Baraka and it's it's close to
Speaker 14: the border with Saudi Arabia. One drone got through the
Speaker 14: air defenses and hit a power station for the nuclear plant,
Speaker 14: and that forced the engineers to turn on a agency
Speaker 14: generators to keep the plant going. So it was a
Speaker 14: serious attack for sure, we think the first one on
Speaker 14: that facility certainly since the war began. And the UA
Speaker 14: is saying this is you know, essentially outrageous and a
Speaker 14: huge threat to two countries around the region, and it's
Speaker 14: calling on the world to take more notice of this.
Speaker 14: It's saying the drone the drones came from Iraq. Now
Speaker 14: that's also a pretty interesting and potentially alarming development because
Speaker 14: it seems as if Iran's Iran supported militias in Iraq
Speaker 14: are playing an increasingly important role in this war and
Speaker 14: are you know, being used to carry out attacks on
Speaker 14: Arab states.
Speaker 2: This is Bloomberg Daybreak, your morning podcast and the stories
Speaker 2: making news from Wall Street to Washington and beyond.
Speaker 3: Look for us on your podcast feed by six am
Speaker 3: Eastern each morning, on Apple, Spotify, or manywhere else you listen.
Speaker 2: You can all so listen live each morning starting at
Speaker 2: five am Wall Street time on Bloomberg eleven three to
Speaker 2: zero in New York, Bloomberg in ninety nine to one
Speaker 2: in Washington, Bloomberg ninety two nine in Boston and nationwide
Speaker 2: on serious XM Channel one twenty one.
Speaker 3: Plus listen coast to coast on the Bloomberg Business app
Speaker 3: now with Apple CarPlay and Android auto interfaces.
Speaker 2: And don't forget to subscribe to Bloomberg News Now. It's
Speaker 2: the latest news whenever you want it in five minutes
Speaker 2: or less. Search Bloomberg News Now and your favorite podcast
Speaker 2: platform to stay informed all day long. I'm Karen Moscow.
Speaker 3: And I'm Nathan Hager. Join us again tomorrow morning for
Speaker 3: all the news you need to start your day right
Speaker 3: here on Bloomberg Day Bray