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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. Crude oil is lower after NBC News reported

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Speaker 1: Iran is willing to forego nuclear weapons in a deal

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Speaker 1: with the US in exchange for sanctions relief. Brent crude

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Speaker 1: is now below sixty five dollars in WTI is below

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Speaker 1: sixty two dollars. Bloomberg Stephen Stepchinsky says, if there is

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Speaker 1: sanctions relief for Iran, it will be able to add

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Speaker 1: more barrels to the oil market.

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Speaker 2: There are a lot of barrels entering the market, and

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Speaker 2: if there is some sort of deal with Iran in

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Speaker 2: the United States to remove sanctions, they will be able

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Speaker 2: to flow more crude to buyers. And that would be

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Speaker 2: quite a bearish element, and you're already seeing that play

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Speaker 2: out in the oil market today.

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Speaker 1: That is Bloomberg Stephen Stepchinsky. Crude oil is still down

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Speaker 1: around thirteen percent so far this year. United Health Group

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Speaker 1: is reportedly under criminal investigation for possible Medicare fraud. The

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Speaker 1: Wall Street Journal reports this DOJ probe has been active

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Speaker 1: since at least last summer, and while the exact nature

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Speaker 1: of the potential criminal allegations against United Health are unclear.

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Speaker 1: The Journal says the investigation is focused on the company's

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Speaker 1: Medicare advantage business practices. Now United Health has responded to

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Speaker 1: the Journal story by saying it stands behind the integrity

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Speaker 1: of its Medicare advantage program. President Trump continued his Middle

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Speaker 1: East trip on Wednesday with a stop in Cutter. Now.

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Speaker 1: The White House says Trump has secured deals totally more

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Speaker 1: than two hundred and forty three billion dollars with Cutter,

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Speaker 1: and they include an agreement for Cutter Airways to buy

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Speaker 1: up to two hundred and ten Boeing wide body aircraft.

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Speaker 1: Boeing CEO Kelly Ortberg signed the deal at a ceremony

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Speaker 1: witnessed by President Trump.

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Speaker 3: Kelly's telling me from Boeing, that's the largest order of

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Speaker 3: jets in the history of Boeing.

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Speaker 1: That's pretty good.

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Speaker 3: That's fantastic.

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Speaker 4: So that's our record, Kelly, and congratulations to Boeing. Get

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Speaker 4: those planes out there.

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Speaker 1: The White House says the Boeing deal has a value

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Speaker 1: of ninety six billion dollars, although customers typically negotiate steep

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Speaker 1: discounts on large orders. Also signed on Wednesday was a

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Speaker 1: one billion dollar agreement for Raytheon to provide a counter

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Speaker 1: drone defense system to Cutter, and a separate agreement worth

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Speaker 1: nearly two billion dollars for Cutter to acquire Reaper drones

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Speaker 1: from General Atomics. House Speaker Mike Johnson says he is

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Speaker 1: quote absolutely confident that he can reach a compromise on

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Speaker 1: the state and local tax deduction. Republicans from high tax

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Speaker 1: states are still holding out after President Trump's massive tax

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Speaker 1: cut bill cleared a major hurdle yesterday. Bloomberg's Laura Davison

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Speaker 1: has the latest from Washington right now.

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Speaker 3: The bill, the main part of the bill have passed

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Speaker 3: the Ways and Means Committee, but the key issue that

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Speaker 3: has not yet resolved is the state and local tax deduction.

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Speaker 3: Lawmakers are meeting last night, their meeting again today. There

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Speaker 3: is still no deal moving forward. In the bill that

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Speaker 3: passed the committee, they say a thirty thousand dollars cap,

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Speaker 3: but that has income limits for people individuals earning two

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Speaker 3: hundred thousand dollars a year or couples earning four hundred

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Speaker 3: thousand dollars.

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Speaker 1: That is Bloomberg's Laura Davison in the Nation's Capital now,

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Speaker 1: New York Republican Nicole male Otakas suggested the thirty thousand

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Speaker 1: dollars salt cap could be increased to eighty thousand dollars

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Speaker 1: for couples and forty thousand dollars for individuals, but this

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Speaker 1: may require concessions. Meantime, the House Energy and Commerce Committee

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Speaker 1: voted to advance plans to cut federal funding from Medicaid.

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Speaker 1: House Majority Leader Steve Scalise said he has confident the

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Speaker 1: bill will reach the President's desk before the fourth of July.

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Speaker 1: Robert F. Kennedy Junior testified before Congress today for the

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Speaker 1: first time as Health and Human Services Secretary. We have

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Speaker 1: more from Bloomberg's Amy Morris.

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Speaker 5: In Washington, Kennedy was grilled by House insen at lawmakers

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Speaker 5: over massive layoffs, budget cuts, and grant cancelations across health agencies, universities,

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Speaker 5: and public health departments. Democratic Congresswoman Rosa Doloro pushed Kennedy

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Speaker 5: over proposed cuts to federal health funding despite Congress having

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Speaker 5: already appropriated that money.

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Speaker 1: We have appropriated, mister secord, are you going to spend it?

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Speaker 5: Then you're going to spend You're not going to cut

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Speaker 5: twenty billion dollars become the nih The.

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Speaker 1: White House proposal is to do very very large cuts

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Speaker 1: at nih.

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Speaker 5: Unbelievable, and Kennedy was pushed on his stance on vaccines.

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Speaker 4: We see it might I'm being evasive you.

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Speaker 2: I don't think people should be taking advice Medical advisor.

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Speaker 5: In Washington, Amy Morris, Bloomberg Radio.

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Speaker 1: The nation's biggest retailer is out with first quarter earnings

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Speaker 1: before the opening bell tomorrow. Bloomberg's Tom Busby has more

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Speaker 1: on what investors will be looking for from Walmart.

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Speaker 4: The key for investors is whether customer spending has changed

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Speaker 4: amid the uncertainty around the Trump tariffs, and whether that

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Speaker 4: uncertainty has brought the retailer any new customers looking for

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Speaker 4: lower priced goods. Of notes, Walmart makes about half its

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Speaker 4: revenue from groceries, which are largely immune to those levees.

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Speaker 4: Same store sales in the US expected to be nearly

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Speaker 4: four percent higher comp sales at It's Sam's Club Warehouse

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Speaker 4: stores should be up nearly five percent. Bloomberg consensus calls

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Speaker 4: for revenue of one hundred and sixty six point zero

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Speaker 4: two billion dollars on adjusted of fifty eight cents a share.

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Speaker 4: Tom Buzzby, Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Doug Christner, and this is Bloomberg