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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin this morning with the latest on the

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Speaker 3: war in Ukraine. President Donald Trump is expected to speak

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Speaker 3: today with Russia's Vladimir Putin.

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Speaker 4: The US is pressing for Russia.

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Speaker 3: To agree to a thirty day ceasefire that Ukraine has

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Speaker 3: said it's ready to accept. However, Putin has insisted on

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Speaker 3: a number of conditions before committing to any truth. Speaking

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Speaker 3: to reporters, President Trump sounded a positive note on the

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Speaker 3: prospects for the call.

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Speaker 5: It's a band situation in Russia and it's a band

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Speaker 5: situation in Ukraine. What's happening in Ukraine is not good.

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Speaker 4: But we're going to see if we can work.

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Speaker 5: A peace agreement to ceasefire and peace, and.

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Speaker 4: I think we'll be able to do.

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Speaker 3: The news website Semaphore is reporting that the White House

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Speaker 3: is considering recognizing Crimea as Russian territory in a future agreement.

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Speaker 2: Well, Nathan Trump has already spark concerns that he may

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Speaker 2: sacrifice Kiev's interest in a deal after his comments over

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Speaker 2: the weekend that the US and Moscow are already talking

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Speaker 2: about quote, dividing up certain assets. Julie Norman is a

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Speaker 2: professor at University College London.

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Speaker 6: Obviously there's this discussion now of a thirty day ceasefire.

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Speaker 6: Ukraine has agreed to it. Putin has not said no,

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Speaker 6: but has certainly said there are going to be major

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Speaker 6: conditions and things he wants to discuss. We heard from

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Speaker 6: Trump's envoy over the weekend that they're moving closer to

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Speaker 6: some kinds of agreement. But I think what's really going

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Speaker 6: to be on the table is what does Putin actually

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Speaker 6: want and how willing is Trump to essentially give it

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Speaker 6: to him.

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Speaker 2: University College London professor Julie Norman and European leaders so

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Speaker 2: made no secret of their concern that Trump maken seat

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Speaker 2: on points that could weaken both Ukraine and Europe security

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Speaker 2: in a one on one exchange with Putin.

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Speaker 3: And along with that exchange, Karen President Trump says Chinese

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Speaker 3: President Shei Jinping will visit Washington in the not too

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Speaker 3: distant few mature. The Wall Street Journal has reported US

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Speaker 3: and Chinese officials they are discussing a possible birthday summit

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Speaker 3: between the two leaders in June.

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Speaker 4: Talks are currently stuck at low levels.

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Speaker 3: China has said it hasn't gotten clear steps on what

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Speaker 3: to do about fentanyl to have tariffs lifted.

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Speaker 2: Well, Nathan, we have new developments in the war in

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Speaker 2: the Middle Aged. Israel has launched a series of air

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Speaker 2: strikes on Gaza, effectively ending a nearly two month ceasefire.

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Speaker 2: Israeli Prime Minister Benjamin Etaniell, who says his government will

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Speaker 2: go after Hamas with increasing military strength for failing to

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Speaker 2: release the remaining hostages. We get more from Bloomberg's Dan

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Speaker 2: Williams in Jerusalem.

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Speaker 7: Really, this resumption of fighting was just a matter of time.

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Speaker 7: There may be an element of tactical surprise here. Indeed,

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Speaker 7: israel Is really public opinion was largely diverted in recent

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Speaker 7: hours by internal discussions about the fate of Israel's shinn't

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Speaker 7: Bet security chief, his termination. It could be that discussion

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Speaker 7: was actually meant to provide a smoke screen for the

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Speaker 7: resumption of these Israeli.

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Speaker 2: A Bloomers Dan Williams reports Hamas still holds about sixty

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Speaker 2: Israeli hostages. Hamasas more than three hundred people have been

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Speaker 2: killed or are missing in the air strikes.

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Speaker 3: And the rising tensions in the Middle East have oil

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Speaker 3: on the rise for a third straight day. Karen Right now,

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Speaker 3: Nymex Crewed is up one point two percent, trading at

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Speaker 3: sixty eight dollars forty one cents per barrel. As for

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Speaker 3: equity markets, futures are modestly lower after two straight days

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Speaker 3: of games on Wall Street. More than ninety percent of

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Speaker 3: the companies in the sm P five hundred rows yesterday.

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Speaker 3: Phil Orlando is chief equity market strategists at Federated Hermes.

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Speaker 8: It's your long term investor. I couldn't disagree with you

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Speaker 8: starting to nibble here, but in terms of getting an

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Speaker 8: all out, full blown market capitulation signal, I don't know

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Speaker 8: that we're quite there just yet.

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Speaker 3: Infederated Hermi's equity strategist fil Orlando notes the Magnificent Seven

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Speaker 3: did not participate in the comeback. A gauge of those

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Speaker 3: megacaps fell one point one percent.

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Speaker 2: Well. Nathan, one of the mag Seven, will be in

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Speaker 2: focus today, and Video CEO Jensen Wong is expected to

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Speaker 2: unveil more about the firm's next generation AI ships at

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Speaker 2: its annual Developers conference in Bloomberg's Tom Busby has more.

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Speaker 9: At today's annual GPU Technology Conference, CEO Hu Wog is

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Speaker 9: expected to update developers, shareholders, analysts, employees, and others on

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Speaker 9: the company's next generation Blackwell Ultra AI chip, promising in

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Speaker 9: February quote some really exciting things to share. Also expected

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Speaker 9: comments on gross margins, China, competitors, and growth now. This

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Speaker 9: address comes at a critical time for Video, which has

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Speaker 9: seen at share price fall about eleven percent so far

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Speaker 9: this year, amid fears that the AI boom may have peaked, at.

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Speaker 4: Least for now. Tom busby Bloomberg Radio.

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Speaker 3: All right, Tom, thanks and other tech news this morning,

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Speaker 3: Bloomberg News has learned alphabets and talks to purchase cloud

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Speaker 3: security company Whiz for thirty three billion dollars. The deal

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Speaker 3: would be the Google parents largest acquisition to date and

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Speaker 3: could help it catch up with Microsoft and Amazon in

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Speaker 3: the competitive cloud computing market well in Asia.

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Speaker 2: A Nathan consumer sentiment on the rise in China and

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Speaker 2: a new survey by Deutsche Bank, fifty four percent of

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Speaker 2: respondents say they feel financially better off than a year ago.

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Speaker 2: That's up from forty four percent on average in twenty

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Speaker 2: twenty four. Sixty percent of respondents anticipate an income increase

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Speaker 2: in the year ahead.

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Speaker 3: Well back here in the US, Karen, federal agencies say

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Speaker 3: they fired nearly twenty five thousand probationary employees since inauguration Day.

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Speaker 3: Let's get the latest done that with Bloomberg's John Tucker.

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Speaker 4: John, Good morning, Nathan.

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Speaker 10: These figures actually come from the Trump administration after they

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Speaker 10: were demanded by a judge. It's the fullest accounting yet

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Speaker 10: of cuts in the federal workforce. The Treasury Department fired

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Speaker 10: the largest percent of its workforce at seven percent. That's

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Speaker 10: about seventy six hundred employees. Agriculture fired six percent of

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Speaker 10: its employees. The abrupt firings led to lawsuits in California

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Speaker 10: and Maryland to judges ordered to slew of agencies to

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Speaker 10: temporarily reinstate the employees. The Trumpet administration is appealing those rulings.

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Speaker 10: I'm John Tucker, Bloomberg Radio.

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Speaker 2: All right, John, thank you. Well, elsewhere in Washington, the

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Speaker 2: latest move by President Trump's government cost cutting drive has

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Speaker 2: gotten the police involved. The US Institute a piece says

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Speaker 2: staffers with elon must Department of Government Efficiency forced their

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Speaker 2: way into the building last night. That led to a

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Speaker 2: standoff between the Institute's acting president, George Moose, and the

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Speaker 2: man that Trump administration wants to replace him with, Kenneth Jackson.

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Speaker 2: Moose says he's backing down for now.

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Speaker 11: DC police showed up at my office and said it's

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Speaker 11: time for you to go. And I didn't think, given

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Speaker 11: who they are and what they have at their disposal,

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Speaker 11: that had made a whole lot of sense for us

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Speaker 11: to put anybody in Tarn's way by resisting.

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Speaker 2: Georgia Moose says the US Institute of Peace is not

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Speaker 2: a government agency, but an independent nonprofit that receives its

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Speaker 2: funding directly from Congress and Karen.

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Speaker 3: After nine long months, two NASA astronauts are finally leaving

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Speaker 3: the International Space Station on.

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Speaker 8: Dock and confirmed is free of its moorings. Sonny Williams

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Speaker 8: and Butch Wilmore began their the latest trip.

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Speaker 3: Home mission controlling Houston captured the moment the SpaceX Dragon

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Speaker 3: capsule left the station early this morning. It is now

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Speaker 3: due to splash down along the Florida coast around six

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Speaker 3: o'clock this evening Wall Street time. Butch Wellmore and Sunny

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Speaker 3: Williams were only supposed to stand the station for eight days.

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Speaker 3: Back in June, but NASA decided to bring them home

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Speaker 3: on SpaceX in August. That's because of technical issues on

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Speaker 3: the Boeing spacecrafts that brought them there.

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Speaker 2: And it's time now for a look at some of

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Speaker 2: their stories making news in New York and around the world.

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Speaker 2: And for that we're joined by Bloomberg's Michael Barr. Michael,

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Speaker 2: good morning, Good.

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Speaker 12: Morning, Karen. There was a problem with a Delta flight

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Speaker 12: at LaGuardia Airport in New York City and investigation is

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Speaker 12: underway after the wing of the Delta jet clipped the

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Speaker 12: runway as it was landing. The plane, with eighty people

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Speaker 12: on board, was arriving Sunday night from Jacksonville. The pilots

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Speaker 12: executed to go around and landed safely. A federal judge

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Speaker 12: is pressing Justice Department lawyer on whether the Trump administration

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Speaker 12: violated his order concerning the deportation of a group of

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Speaker 12: Venezuelan migrants being removed under the Alien Enemies Act of

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Speaker 12: wartime law. The judge had told the administration to hold

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Speaker 12: off on the deportation, but the migrants were deported anyway.

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Speaker 12: Deputy White House Staff Stephen Miller.

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Speaker 13: The President is operating at the APEX of his authority

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Speaker 13: when you were dealing with questions of invasion and questions

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Speaker 13: of alien enemy infiltration, as well as the expulsion of

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Speaker 13: terrorist illegal aliens from the country.

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Speaker 12: However, Yale Law School professor Harold co said, in this case,

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Speaker 12: invoking the Alien Enemies Act is illegal.

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Speaker 14: It's a blatantly illegal invocation of that statute to send

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Speaker 14: these people abroad.

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Speaker 12: Senate Democratic leader Chuck Schumer is postponing several planned events

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Speaker 12: this week to promote his new book over security concerns.

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Speaker 12: It came after criticism from the party's liberal base over

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Speaker 12: Schumer's vote to move forward with GOP spending legislation last week.

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Speaker 12: Global News twenty four hours a day and whenever you

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Speaker 12: want it with the Bloomberg News Now, Michael Barn, this

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Speaker 12: is Bloomberg here all right.

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Speaker 2: Michael Barr, thank you time now for the Bloomberg Sports update,

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Speaker 2: brought to you by Try State Outy. Here's John Stashower.

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Speaker 4: John, good morning, Good morning.

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Speaker 14: Hearing the Knicks back home. They were away from the

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Speaker 14: Garden for eleven days. Plays five games during that trip,

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Speaker 14: during which time they lost Jalen Brunson. He's gonna miss

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Speaker 14: likely another couple of weeks. Miami led early on twelve

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Speaker 14: to nothing. Knicks came back in the second quarter. They

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Speaker 14: had a fifteen to nothing run with Karl Anthony Town

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Speaker 14: scoring all fifteen, then the next one the third quarter

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Speaker 14: forty one to fifteen, their most lopsided corner of the season.

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Speaker 14: They beat the Heat won sixteen ninety five. Mchal Bridges

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Speaker 14: scored twenty eight points. Josh Hart had his eighth triple

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Speaker 14: double of the season. The Devils won two to one

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Speaker 14: at Columbus that helps the Rangers. The Blue Jackets one

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Speaker 14: of the teams the Rangers are vine with for a

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Speaker 14: playoff spot.

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Speaker 4: The Rangers are at the Garden.

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Speaker 14: Tonight against Calgary and CAA tournament begins tonight as always

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Speaker 14: in Dayton, with two first four games, two more there

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Speaker 14: tomorrow before the Attorney begins in Earnest on Thursday.

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Speaker 4: In Tokyo this morning, two.

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Speaker 14: Japanese pitchers on the mat as the Dodgers and Cubs

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Speaker 14: play the first regular season game of twenty twenty five.

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Speaker 14: Yoshinobu Yamamoto for the defending world champion Dodgers showed to

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Speaker 14: Imanaga for the Cubs. Shoe a Otani will be dh

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Speaker 14: JJ Spondut is t shot on a.

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Speaker 12: Seventeenth hole into the water.

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Speaker 14: That was all Rory McElroy needed to win the Players

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Speaker 14: Championship in a playoff.

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Speaker 4: Jon Stanhanwick, Bloomberg Sports Kary Nathan.

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Speaker 1: Coast to Coast on Bloomberg Radio nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 4: Good morning. I'm Nathan Hager.

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Speaker 3: On the morning President Trump is scheduled to speak with

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Speaker 3: Russian President Vladimir Putin. The US President is sounding hopeful

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Speaker 3: Russia will agree to a ceasefire with Ukraine today.

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Speaker 4: We're gonna have a very important call.

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Speaker 5: You know, We've had calls getting down to a very

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Speaker 5: critical stage and we want to get the whole Russia

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Speaker 5: Ukraine thing done.

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Speaker 3: But there are questions about what the President will do

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Speaker 3: when it comes to the conditions Russia wants before it

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Speaker 3: will stop the fighting for more. We're joined by Tina Fordham,

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Speaker 3: founder of Fordham Global Foresight. Good morning, Tina, to put

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Speaker 3: it in President Trump's words, what are the chances that

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Speaker 3: the Russia Ukraine thing gets done today?

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Speaker 4: Good morning, Good morning.

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Speaker 15: I think that chances are slim in fact, despite the

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Speaker 15: President's optimism, we can see the seeds and what a

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Speaker 15: likely response is from Vladimir Putin in that it tends

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Speaker 15: to be something like yes, but yes, we're happy for

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Speaker 15: a ceasefire, but followed by a list of conditions which

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Speaker 15: are unlikely to be acceptable.

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Speaker 3: Some of those conditions, it sounds as though President Trump

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Speaker 3: has been alluding to already talking about dividing land, dividing

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Speaker 3: power plants. What does that tell you.

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Speaker 15: Well, first of all, this is extraordinary, it suggests in

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Speaker 15: more than suggests, it highlights the extent to which the

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Speaker 15: White House position is very closely aligned with that of

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Speaker 15: the Kremlin. And that's a reversal, of course of US policy,

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Speaker 15: not just since the full scale invasion of Ukraine by Russia,

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Speaker 15: but going back to the Maidan. So this should be worrying,

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Speaker 15: not just for anyone concerned about Russia and Ukraine, but

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Speaker 15: indeed for wider European security, and China and other powers

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Speaker 15: will be taking note.

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Speaker 3: Are you suggesting that the President is putting himself at

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Speaker 3: complete cross purposes with Europe in an alignment with Russia

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Speaker 3: as Europe tries to assemble what it's been calling a

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Speaker 3: coalition of the willing to support Ukraine.

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Speaker 15: I think that Europe is being very pragmatic in this

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Speaker 15: moment in terms of trying to develop a peacekeeping force

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Speaker 15: that could indeed keep the peace on whatever terms are agreed,

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Speaker 15: which look likely to include significant concessions by Ukraine on territory.

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Speaker 15: But here is where you don't have to be a

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Speaker 15: close student of history to recall that Vladimir Putin never

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Speaker 15: met an agreement that he didn't eventually violate. So, to

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Speaker 15: my mind, as a Russia watcher of thirty years standing,

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Speaker 15: it's only a matter of time before the ceasefire is violated,

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Speaker 15: and that's where anticipation of the so called Putin trade

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Speaker 15: may be running a bit faster than the peace process.

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Speaker 3: Do you see any aspect of the agreement that the

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Speaker 3: US reached with Ukraine that supports Ukraine in terms of

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Speaker 3: what the President might be willing to provide following these

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Speaker 3: talks today with Russia's Putin, Well, from what.

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Speaker 15: I recall, what the President has suggested is that the

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Speaker 15: agreement on a rare earth minerals deal would be a

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Speaker 15: de facto security agreement for Ukraine because there would be

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Speaker 15: US personnel, And the suggestion from President Trump is that

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Speaker 15: Russia wouldn't dare to attack with that in place. I'm

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Speaker 15: not sure that that holds up to scrutiny, and it

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Speaker 15: certainly wouldn't be consistent with any other kind of post

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Speaker 15: conflict settlement. A bad piece really is worse than no peace.

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Speaker 3: And while the President is pushing for this at least

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Speaker 3: temporary piece between Russia and Ukraine, it looks like the

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Speaker 3: truce between Israel and Hummas after nearly two months, is

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Speaker 3: shattered at this point, with Israel mounting multiple air strikes

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Speaker 3: on Humas in Gaza, what is it going to take

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Speaker 3: to get that process back on track.

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Speaker 15: Well, the attacks in Gaza, or the resumption of attacks

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Speaker 15: in Gaza, of course, follow some pretty serious round of

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Speaker 15: US led strikes against Huti rebels in the Red Sea,

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Speaker 15: so we've had several days of bombardment following the end

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Speaker 15: of the ceasefire agreement. And all of this suggests that

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Speaker 15: Israel will be able to continue to press its war

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Speaker 15: aims when it comes to the situation in Gaza, and

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Speaker 15: that it has US backing.

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Speaker 4: To do so.

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Speaker 15: And then don't forget that on truth social President Trump

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Speaker 15: has also issued some pretty serious threats to Iran and Iran,

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Speaker 15: the Houthi rebels and Palestinian support is what the US

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Speaker 15: is backing Israel against.

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Speaker 4: No just thirty seconds left, Tin.

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Speaker 3: But we've heard a lot of criticism from the families

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Speaker 3: of hostages about this remounted military operation. Where does this

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Speaker 3: leave Israel's Prime Minister Benjamin Natanyahu?

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Speaker 15: Well, Natanya, who is really the ultimate political comeback kid,

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Speaker 15: isn't he? And he has been able to maintain his

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Speaker 15: support long enough to again press his war aims. The

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Speaker 15: rather extraordinary peace proposal or you know, resettlement proposal in

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Speaker 15: Gaza has been rejected by Arab states, by Palestinians themselves,

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Speaker 15: but we're at a stalemate, and the last reports I've

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Speaker 15: seen have been about suggestions that some countries in Africa

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Speaker 15: might take Palestinians, which would not be acceptable to the

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Speaker 15: Palestinian side.

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Speaker 13: Dabraay