WEBVTT - Witkoff: Hamas Answer Unacceptable, OPEC+ Will Surge, More

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<v Speaker 1>News when you want it with Bloomberg News Now, I'm

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<v Speaker 1>made Kalenki. Hammas said it submitted a response to the

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<v Speaker 1>US proposal for a truce in Gaza, but Trump Administration

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<v Speaker 1>on voye Steve Whitcough quickly dismissed it as totally unacceptable.

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<v Speaker 1>Whitcof said Saturday in a post on X Hamas should

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<v Speaker 1>accept the framework proposal we put forward. He added that

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<v Speaker 1>further talks on a truce can begin immediately this coming week.

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<v Speaker 1>The key differences between the US proposal and Hamas's response

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<v Speaker 1>appear to be the duration of any truce and the

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<v Speaker 1>extent to which Israeli forces withdraw. Hamas responded earlier in

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<v Speaker 1>the day to the US proposal with changes that aim

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<v Speaker 1>to quote achieve a permanent ceasefire, a comprehensive withdrawal from

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<v Speaker 1>the Gaza Strip, and ensure the flow of aid to

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<v Speaker 1>our people and our families in the strip. Opek agreed

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<v Speaker 1>to surge oil output for the third month in a row,

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<v Speaker 1>despite reservations from key member Russia, doubling down on a

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<v Speaker 1>historic policy shift that has sent crude prices sinking. Oil

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<v Speaker 1>producing nations led by Saudi Arabia agreed during a video

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<v Speaker 1>conference on Saturday, to add four hundred and eleven thousand

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<v Speaker 1>barrels a day to the market in July. The hike

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<v Speaker 1>matches increases scheduled for May and June, marking a radical

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<v Speaker 1>reversal from defending prices to actively driving them lower. Bloomberg's

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<v Speaker 1>Grant Smith says today's OPEK move could drive Brent crude

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<v Speaker 1>and other oil prices even lower.

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<v Speaker 2>We're around about sixty four dollars for burrow currently for

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<v Speaker 2>Brent futures, and the market is already looking pretty fragile.

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<v Speaker 2>Demand growth is slowing, particularly in China, which has been

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<v Speaker 2>the engine of growth the past couple of decades. Well,

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<v Speaker 2>at the same time, we have plenty of supplies outside

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<v Speaker 2>of OPEC in the US, in Brazil, Guiana and elsewhere.

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<v Speaker 1>Bloomberg's Grant Smith. In London, Elon Musk said that he

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<v Speaker 1>is not using the drug ketamine, disputing a report by

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<v Speaker 1>The New York Times that alleged extensive use of that

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<v Speaker 1>and other drugs. Musk hot on X, I tried prescription

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<v Speaker 1>kenemede a few years ago and said, so on X,

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<v Speaker 1>so this is not even news. It helps her getting

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<v Speaker 1>out of dark mental holes. But I haven't taken it

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<v Speaker 1>since then. Musk added that the newspaper was lying. Musk,

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<v Speaker 1>who had been working at it as a close advisor

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<v Speaker 1>to President Trump and his efforts to cut government spending,

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<v Speaker 1>stepped away from that role Friday. New German Chancellor Friedrich

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<v Speaker 1>Meyers will meet with President Trump at the White House

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<v Speaker 1>this week, and this could be significant when it comes

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<v Speaker 1>to Ukraine and some other major issues. We get more

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<v Speaker 1>from Bloomberg's than Eis Pellegrini, a.

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<v Speaker 3>German official, says. The two leaders will meet at the

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<v Speaker 3>White House Thursday to discuss topics including Russia's war in Ukraine,

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<v Speaker 3>the Middle East situation, and trade policy. And the meeting

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<v Speaker 3>comes after Murz traveled to several European countries to meet

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<v Speaker 3>with allies, including France and Poland. Murs visit also aims

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<v Speaker 3>to improve ties with the Trump administration, which had been

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<v Speaker 3>a bit tense due to differences over support for Ukraine

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<v Speaker 3>and also trade issues. The two leaders planned to hold

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<v Speaker 3>a press conference together before Murz flies back to Berlin.

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<v Speaker 3>Denise pell a gritty Bloomberg Radio.

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<v Speaker 1>And with that Jeff Bezos' Blue Origin launched six people

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<v Speaker 1>on a space tourism flight Saturday, The suborbital trip lasted

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<v Speaker 1>eleven minutes. The mission lifted off from Launch Site one

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<v Speaker 1>in West Texas. It marks the thirty second flight of

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<v Speaker 1>the reusable New Shepherd rocket, as well as the company's

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<v Speaker 1>twelfth human spaceflight. The White House sid it would name

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<v Speaker 1>a new nominee for NASA Administrator, just days before billionaire

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<v Speaker 1>Jared Isaacman, the current pick, was to face his planned

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<v Speaker 1>Senate confirmation vote. It wasn't immediately clear why President Trump

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<v Speaker 1>was dropping the nomination of Isaacman, who had already been

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<v Speaker 1>approved by the Senate Commerce Committee. Sources tell Bloomberg Taiwan's

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<v Speaker 1>Semiconductor and Manufacturing is evaluating building an advanced production facility

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<v Speaker 1>in the United Arab Emirates and has discussed the possibility

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<v Speaker 1>with Trump administration officials. We get this story from Bloomberg's

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<v Speaker 1>Charlie Pellett.

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<v Speaker 4>It's a potentially major bed on the Middle East that

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<v Speaker 4>would only come to fruition with Washington's approval. Those sources

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<v Speaker 4>say the company has had multiple meetings in recent months

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<v Speaker 4>with Steve Whitcoff, the US Special Envoy to the Middle East,

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<v Speaker 4>and officials from MGX, an influential investment vehicle overseen by

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<v Speaker 4>the UAES president's brother. Those conversations are a continuation of

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<v Speaker 4>talks that began under President Biden's administration but died down

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<v Speaker 4>by the end of his term. In New York, Charlie

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<v Speaker 4>Bloomberg Radio.

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<v Speaker 1>After three rounds of the Memorial at Mirrorfield, Scottie Scheffler

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<v Speaker 1>four under for Saturday, eight under for the tournament, heads

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<v Speaker 1>into Sunday's final round with a one stroke lead. After

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<v Speaker 1>three rounds of the US Women's Open, Masha Start two

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<v Speaker 1>under for Saturday, seven under for the tournament. She will

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<v Speaker 1>head into Sunday's final round with a one shot lead.

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<v Speaker 1>That's news when you want it with Bloomberg News. Now

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<v Speaker 1>I made Kaleggy.

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<v Speaker 4>This is Bloomberg