Speaker 1: News when you want it with Bloomberg News Now, I'm
Speaker 1: made Kalenki. Hammas said it submitted a response to the
Speaker 1: US proposal for a truce in Gaza, but Trump Administration
Speaker 1: on voye Steve Whitcough quickly dismissed it as totally unacceptable.
Speaker 1: Whitcof said Saturday in a post on X Hamas should
Speaker 1: accept the framework proposal we put forward. He added that
Speaker 1: further talks on a truce can begin immediately this coming week.
Speaker 1: The key differences between the US proposal and Hamas's response
Speaker 1: appear to be the duration of any truce and the
Speaker 1: extent to which Israeli forces withdraw. Hamas responded earlier in
Speaker 1: the day to the US proposal with changes that aim
Speaker 1: to quote achieve a permanent ceasefire, a comprehensive withdrawal from
Speaker 1: the Gaza Strip, and ensure the flow of aid to
Speaker 1: our people and our families in the strip. Opek agreed
Speaker 1: to surge oil output for the third month in a row,
Speaker 1: despite reservations from key member Russia, doubling down on a
Speaker 1: historic policy shift that has sent crude prices sinking. Oil
Speaker 1: producing nations led by Saudi Arabia agreed during a video
Speaker 1: conference on Saturday, to add four hundred and eleven thousand
Speaker 1: barrels a day to the market in July. The hike
Speaker 1: matches increases scheduled for May and June, marking a radical
Speaker 1: reversal from defending prices to actively driving them lower. Bloomberg's
Speaker 1: Grant Smith says today's OPEK move could drive Brent crude
Speaker 1: and other oil prices even lower.
Speaker 2: We're around about sixty four dollars for burrow currently for
Speaker 2: Brent futures, and the market is already looking pretty fragile.
Speaker 2: Demand growth is slowing, particularly in China, which has been
Speaker 2: the engine of growth the past couple of decades. Well,
Speaker 2: at the same time, we have plenty of supplies outside
Speaker 2: of OPEC in the US, in Brazil, Guiana and elsewhere.
Speaker 1: Bloomberg's Grant Smith. In London, Elon Musk said that he
Speaker 1: is not using the drug ketamine, disputing a report by
Speaker 1: The New York Times that alleged extensive use of that
Speaker 1: and other drugs. Musk hot on X, I tried prescription
Speaker 1: kenemede a few years ago and said, so on X,
Speaker 1: so this is not even news. It helps her getting
Speaker 1: out of dark mental holes. But I haven't taken it
Speaker 1: since then. Musk added that the newspaper was lying. Musk,
Speaker 1: who had been working at it as a close advisor
Speaker 1: to President Trump and his efforts to cut government spending,
Speaker 1: stepped away from that role Friday. New German Chancellor Friedrich
Speaker 1: Meyers will meet with President Trump at the White House
Speaker 1: this week, and this could be significant when it comes
Speaker 1: to Ukraine and some other major issues. We get more
Speaker 1: from Bloomberg's than Eis Pellegrini, a.
Speaker 3: German official, says. The two leaders will meet at the
Speaker 3: White House Thursday to discuss topics including Russia's war in Ukraine,
Speaker 3: the Middle East situation, and trade policy. And the meeting
Speaker 3: comes after Murz traveled to several European countries to meet
Speaker 3: with allies, including France and Poland. Murs visit also aims
Speaker 3: to improve ties with the Trump administration, which had been
Speaker 3: a bit tense due to differences over support for Ukraine
Speaker 3: and also trade issues. The two leaders planned to hold
Speaker 3: a press conference together before Murz flies back to Berlin.
Speaker 3: Denise pell a gritty Bloomberg Radio.
Speaker 1: And with that Jeff Bezos' Blue Origin launched six people
Speaker 1: on a space tourism flight Saturday, The suborbital trip lasted
Speaker 1: eleven minutes. The mission lifted off from Launch Site one
Speaker 1: in West Texas. It marks the thirty second flight of
Speaker 1: the reusable New Shepherd rocket, as well as the company's
Speaker 1: twelfth human spaceflight. The White House sid it would name
Speaker 1: a new nominee for NASA Administrator, just days before billionaire
Speaker 1: Jared Isaacman, the current pick, was to face his planned
Speaker 1: Senate confirmation vote. It wasn't immediately clear why President Trump
Speaker 1: was dropping the nomination of Isaacman, who had already been
Speaker 1: approved by the Senate Commerce Committee. Sources tell Bloomberg Taiwan's
Speaker 1: Semiconductor and Manufacturing is evaluating building an advanced production facility
Speaker 1: in the United Arab Emirates and has discussed the possibility
Speaker 1: with Trump administration officials. We get this story from Bloomberg's
Speaker 1: Charlie Pellett.
Speaker 4: It's a potentially major bed on the Middle East that
Speaker 4: would only come to fruition with Washington's approval. Those sources
Speaker 4: say the company has had multiple meetings in recent months
Speaker 4: with Steve Whitcoff, the US Special Envoy to the Middle East,
Speaker 4: and officials from MGX, an influential investment vehicle overseen by
Speaker 4: the UAES president's brother. Those conversations are a continuation of
Speaker 4: talks that began under President Biden's administration but died down
Speaker 4: by the end of his term. In New York, Charlie
Speaker 4: Bloomberg Radio.
Speaker 1: After three rounds of the Memorial at Mirrorfield, Scottie Scheffler
Speaker 1: four under for Saturday, eight under for the tournament, heads
Speaker 1: into Sunday's final round with a one stroke lead. After
Speaker 1: three rounds of the US Women's Open, Masha Start two
Speaker 1: under for Saturday, seven under for the tournament. She will
Speaker 1: head into Sunday's final round with a one shot lead.
Speaker 1: That's news when you want it with Bloomberg News. Now
Speaker 1: I made Kaleggy.
Speaker 4: This is Bloomberg