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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 Alexis Christophers.

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Speaker 3: Here are the stories we're following today.

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Speaker 2: Alexis, we begin with a major speech from President Donald

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Speaker 2: Trump as the US war with Iran nears the end

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Speaker 2: of its five week mark. In a primetime address heard

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Speaker 2: live on Bloomberg Radio, the President defended his decision to

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Speaker 2: go after Tehran's nuclear and missile programs more than a

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Speaker 2: month ago.

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Speaker 4: For years, everyone has said that Iran cannot have nuclear weapons,

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Speaker 4: But in the end, those are just words if you're

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Speaker 4: not willing to take action when the time comes.

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Speaker 2: And the President said, the action he's taken is close

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Speaker 2: to achieving that objective, but before that, he says, there

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Speaker 2: will need to be more action.

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Speaker 4: We're going to hit them extremely hard over the next

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Speaker 4: two to three weeks. We're going to bring them back

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Speaker 4: to the Stone ages where they belong.

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Speaker 2: At the same time, President Trump says discussions with the

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Speaker 2: Ron's regime or ongoing, but he did not lay out

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Speaker 2: a plan to convince Tehran to allow passage through the

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Speaker 2: Strait of Hormuz. The President had this to say to

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Speaker 2: allies struggling to get fuel through the Strait.

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Speaker 4: Number one, by oil from the United States of America.

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Speaker 4: We have plenty. We have so much. And number two

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Speaker 4: build up some delayed courage. Should have done it before,

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Speaker 4: should have done it with us as we asked, go

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Speaker 4: to the Strait and just take it.

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Speaker 2: President Trump also says the loss of thirteen US service

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Speaker 2: members in the conflict has only stiffened his resolve to

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Speaker 2: finish the job.

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Speaker 3: And Nathan the speech is getting an anxious reaction in

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Speaker 3: markets and in Washington.

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Speaker 5: D C.

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Speaker 3: Bloomberg Whitehouse correspondent Jeff Mason says it's the kind of

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Speaker 3: addressed presidents typically give at the start of a conflict.

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Speaker 6: He launched this war four and a half weeks ago,

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Speaker 6: essentially with a social media announcement, and yes, he has

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Speaker 6: spoken to reporters and in that way addressed the American

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Speaker 6: public over these weeks, but this was his first time

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Speaker 6: coming out and laying out the logic for going into

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Speaker 6: the war and laying out his next steps.

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Speaker 3: And Bloomberg This Weekend co host Christina Raffini says the

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Speaker 3: President may have been sending a warning to allies as

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Speaker 3: much as Iran.

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Speaker 7: All those GCC countries, all those golf allies. All the

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Speaker 7: Asian countries that depend heavily on oil coming through that strait,

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Speaker 7: some of them who thought they had very close ties

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Speaker 7: to the United States are going to be in trouble

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Speaker 7: if the US is not there to finish the job,

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Speaker 7: and that's going to fall to some sort of coalition

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Speaker 7: of other nations.

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Speaker 3: And you can catch Bloomberg this weekend every Saturday and

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Speaker 3: Sunday at seven am Eastern on Bloomberg Radio and Television

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Speaker 3: and the Bloomberg Business app.

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Speaker 2: And as the war enters at second month, Alexis, reports

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Speaker 2: from Iranian state media and residents indicate continuing attacks on

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Speaker 2: civilian infrastructure, including homes, factories, and electric facilities. Iran's Red

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Speaker 2: Crescent Society, which is part of the International Humanitarian Network,

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Speaker 2: says US Israeli airstrikes have damaged or destroyed more than

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Speaker 2: ninety thousand homes, about half of them in Tehran.

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Speaker 3: US allies are meeting to prepare a diplomatic outreach to Iran,

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Speaker 3: which is starting to operate the Strait of Hormuz like

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Speaker 3: a toll booth. A Bloomberg investigation reveals how Iran friendly

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Speaker 3: tankers are being given secret codes and charged around a

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Speaker 3: dollar a barrel of oil for safe passage. Reopening the

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Speaker 3: Strait has become a key priority for governments around the world.

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Speaker 3: With UK Prime Minister Starmer pushing for talks.

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Speaker 8: We're exploring each and every diplomatic avenue that is available

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Speaker 8: to us. The UK has now brought together thirty five

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Speaker 8: nations around our statement of intent to push as one

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Speaker 8: for maritime security across the Goal.

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Speaker 3: The British leader has been a frequent target of the

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Speaker 3: White House for refusing to join its war. Those talk

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Speaker 3: Stormer references are happening later today in London and the

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Speaker 3: US is not expected to attend.

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Speaker 2: And oil likesis is surging following President Trump's speech. Checking

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Speaker 2: prices right now, Brent, the international benchmark is up more

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Speaker 2: than seven and a half percent, trading just shy of

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Speaker 2: one hundred and nine dollars per barrel West Texas Intermediate.

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Speaker 2: It's not too far behind above one oh seven. We

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Speaker 2: spoke with Willem Sells, Global Chief Investment Officer at HSBC

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Speaker 2: Private Bank.

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Speaker 9: So everything remains about oil and energy prices and gas prices,

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Speaker 9: so that has an impact on the producers versus the consumers.

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Speaker 9: So a lot of Asian countries, you know, being heard

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Speaker 9: by that Europe on the performing versus the US, the

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Speaker 9: US dollars strengthening on the bank of that and so therefore,

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Speaker 9: you know, sort of that diversification that we saw over

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Speaker 9: the last number of months away from the US dollar

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Speaker 9: that be installed. That then has an impact on the

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Speaker 9: treasury market, and together with the US dollar being strong,

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Speaker 9: you know, obviously holds gold back. But I think the

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Speaker 9: cell ofving gold is probably done.

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Speaker 2: It's HSBC's will them sells around. State run Press TV

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Speaker 2: quoted Foreign Minister of Basarachi saying Iron and Omont will

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Speaker 2: decide the future of the.

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Speaker 3: Strait and gold declined after President Trump's speech offered little

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Speaker 3: clarity on a resolution to the war. Silver also fell sharply.

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Speaker 3: Spot goal tumbled as much as four point three percent,

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Speaker 3: breaking a four day winning streak.

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Speaker 2: And those declines continue this morning. Alexis will be keeping

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Speaker 2: an eye on that as well. Meantime, on Capitol Hill,

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Speaker 2: Republicans now say they have a plans and the longest

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Speaker 2: partial government shut down in US history and the deadlock

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Speaker 2: over immigration enforcement. Bloomberg's Amy Morris has more on the

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Speaker 2: plan for the Department of Homeland Security.

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Speaker 10: Senate majority leader John Thune and House Speaker Mike Johnson

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Speaker 10: say they'll split the agency's funding, some money coming through

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Speaker 10: the bipartisan appropriations process and immigration enforcement funding coming from

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Speaker 10: the partisan budget reconciliation process. Senate Budget Chairman Lindsay Graham

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Speaker 10: says Republicans will work on budget reconciliation to fully fund

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Speaker 10: ice and border patrol by June first. The chambers are

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Speaker 10: on recess for two weeks, but both have pro forma

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Speaker 10: sessions in which the bills can be passed by unanimous consent.

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Speaker 10: A person familiar with the Senate's plans says the Chamber

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Speaker 10: may try to pass the bill then in Washington. Amy

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Speaker 10: Morris Bloomberg Radio, all.

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Speaker 11: Right, Amy, thank you.

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Speaker 2: Turning to markets Now, Wall Street's looking forward to Friday

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Speaker 2: morning's jobs report. Here's a preview from Bloomberg's Charlie Pellett.

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Speaker 11: It's expected to show payrolls rebounded in March after a

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Speaker 11: sharp drop a month earlier. Eric Rosengrun is a former

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Speaker 11: president of the Federal Reserve Bank of Boston. He told

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Speaker 11: us he's expecting.

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Speaker 12: A reasonably good employment report with a snapback and payroll

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Speaker 12: employment and probably no change in unemployment, so that lays

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Speaker 12: pretty good groundwork for the FED to basically stay on hold.

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Speaker 11: According to Bloomberg Data, the economy is seen adding sixty

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Speaker 11: five thousand new jobs, with the unemployment rate holding at

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Speaker 11: four point four percent in New York. Charlie Pellett, Bloomberg Radio.

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Speaker 2: Okay, Charlie, thank you, and stay with Bloomberg for special

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Speaker 2: coverage of that Job's report starting at seven am Wall

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Speaker 2: Street Time tomorrow on Bloomberg Radio, Bloomberg Television, and the

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Speaker 2: Bloomberg Business App.

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Speaker 3: Turning to the Skies now, Nathan and NASA has cleared

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Speaker 3: a major hurdle in its first return to the Moon

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Speaker 3: in over fifty years.

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Speaker 13: Three two one booster, ignition and lift off. The crew

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Speaker 13: of Artemis two now bound for the Moon, Humanity's next

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Speaker 13: great voyage begins.

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Speaker 3: The first phase of the Artemis mission was a success,

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Speaker 3: with the Orion spacecraft now in stable orbit after Wednesday's

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Speaker 3: highly anticipated launch from the Kennedy Space Center. The ten

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Speaker 3: day mission will test key systems as astronauts travel towards

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Speaker 3: the Moon and back, a precursor to planned NASA landings

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Speaker 3: later this decade. The program is central to US ambitions

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Speaker 3: to establish a permanent presence on the lunar surface. Time

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Speaker 3: now for a look at some of the other stories

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Speaker 3: making news in New York and around the world. For that,

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Speaker 3: we're joined by Bloomberg's John Tucker. Good morning, John, ad Alexis.

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Speaker 14: There's a report this morning, but President Trump is weighing

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Speaker 14: another major change in his cabinet. That story from Bloomberg's Monica.

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Speaker 5: Rix ABC News site sources saying President Trump has raised

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Speaker 5: the idea of removing Attorney General Pambo in talks with

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Speaker 5: Senior Aids. Bondi's already reshaped the department, aligning it closely

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Speaker 5: with Trump's agenda and breaking from long standing norms of independence. Still,

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Speaker 5: the report says Trump has expressed frustration that the Justice

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Speaker 5: Department isn't doing enough to target his political opponents for prosecution.

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Speaker 5: Potential replacements being considered include Lee Zelden and Deputy Attorney

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Speaker 5: General Todd Blanche Monica Rix Bloomberg Radio.

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Speaker 14: The Senate is expended to try and quickly passing a

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Speaker 14: measure today that would fund most of the Department of

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Speaker 14: Homeland Security. It's unclear how swiftly the House will follow.

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Speaker 14: Largely and the longest partial government shutdown in history, the

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Speaker 14: National Labor Relationsport his rule that Amazon illegally refused to

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Speaker 14: bargain with the union representing thousands of workers at a

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Speaker 14: New York City facility. The ruling comes on the four

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Speaker 14: year anniversary the groundbreaking union win at the Staten Island

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Speaker 14: warehouse known as JFK eight, and is believed to be

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Speaker 14: the most expensive single house sale in history. Nick can't

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Speaker 14: He has sold his family home at London's exclusive Chelsea

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Speaker 14: district to an unnamed buyer. The price tag three hundred

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Speaker 14: and fifty million dollars. The British entrepreneur's property located on

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Speaker 14: a two acre site that once accommodated the residents of

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Speaker 14: Britain's first Prime Minister. It's been landscape to emulate a

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Speaker 14: grand country estate. Global news twenty four hours a day

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Speaker 14: and whenever you want it with Bloomberg News Now, I'm

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Speaker 14: John Tucker, and this is Bloomberg Alexis.

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Speaker 3: Thanks John, time now for our Bloomberg Sports update, and

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Speaker 3: for that we bring in John stash Hour.

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Speaker 15: I started the season for the Yankees. They had a

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Speaker 15: sweep in San Francisco and then took two of three

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Speaker 15: in Seattle. Dominant starting pitching, especially for Max Fried and

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Speaker 15: Cam Schlittler, both made two starts on this road trip,

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Speaker 15: total twenty five innings on the mound, scoreless in the

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Speaker 15: twenty five strikeaff forty three points for Jalen Brown and

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Speaker 15: the Celtics win in Miami, forty one for Victor Webbin

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Speaker 15: Yama the Spurs. One at Golden State, Kansas's Hall of Fame.

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Speaker 15: Coach Bill Self not retiring, He'll return for twenty fourth season.

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Speaker 15: That's Bloomberg Sports Update.

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Speaker 11: Stay with us.

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Speaker 2: More from Bloomberg Daybreak coming up after.

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Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Serious

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

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Speaker 1: the Bloomberg Business Album. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. President Donald Trump took to

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Speaker 2: the podium at the White House last night to try

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Speaker 2: to assure Americans there is an off ramp to the

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Speaker 2: war with Iran. In a primetime address herd Live on

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Speaker 2: Bloomberg Radio, the President said, the next two to three

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Speaker 2: weeks will be key.

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Speaker 4: We are going to finish the job, and we're going

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Speaker 4: to finish it very fast. We're getting very close. I

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Speaker 4: want to thank our allies and the Middle East.

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Speaker 2: President Trump, in that rare primetime speech heard live on

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Speaker 2: Bloomberg Radio and joining us this morning is Bloomberg News

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Speaker 2: Deputy Washington Bureau Chief Laura Davis. And Laura, we are

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Speaker 2: seeing an anxious reaction in the markets to the president's address.

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Speaker 2: What is he suggesting now about how long this war

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Speaker 2: could last?

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Speaker 16: Good morning morning. He was a little bit nebulous about

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Speaker 16: exactly how long this could last. He said that he's

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Speaker 16: going to ramp up attacks in Iran over the next

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Speaker 16: two to three weeks, and then when that period is over,

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Speaker 16: he wants to see some sort of deal with Iran,

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Speaker 16: but if that does not come together, he will look

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Speaker 16: to target electricity plants within Iran, which would be a

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Speaker 16: major escalation of this war. So we heard a lot

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Speaker 16: of mixed messages from the President on whether he's seeking

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Speaker 16: a diplomatic route or a military route, sort of saying

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Speaker 16: he both were proceeding without any sense about, you know,

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Speaker 16: kind of what clear objectives are there, what he's looking

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Speaker 16: to see, while we're hearing more signs from Iran that

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Speaker 16: they are not the negotiating, They are not you know,

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Speaker 16: really kind of hitting back. In this open letter to

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Speaker 16: the American public from the Iranian president, who you know,

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Speaker 16: said that the US is taking a maximum disposition here

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Speaker 16: and essentially suggested that they don't trust the US Indian negotiations.

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Speaker 2: A lot of what you laid out there from the

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Speaker 2: President is sounding similar to much of what we've seen

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Speaker 2: from him on social media. Did we learn anything new

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Speaker 2: last night about the president's war strategy or the objectives?

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Speaker 16: This was, you know, what people were hoping to hear,

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Speaker 16: but didn't get a lot of it. The one key

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Speaker 16: thing that folks have really seized on is about the

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Speaker 16: Strait of Horror Moves. They were looking to see, is

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Speaker 16: there going to be any sort of plan about, what

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Speaker 16: you know, whether diplomatically or militarily, to open that up

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Speaker 16: to allow the flow of oil and gas through that

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Speaker 16: key waterway. Instead, he's completely passed the ball onto allies,

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Speaker 16: saying that they needed to gain the courage to go

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Speaker 16: in there and take the oil, and that it was

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Speaker 16: up to them to figure out exactly, you know, what

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Speaker 16: the path forward is. He also suggested that the Straight

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Speaker 16: of horm Moves would open up naturally on its own,

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Speaker 16: so again kind of fearing, you know, kind of mixed messages,

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Speaker 16: but with no clear action plan from the President today,

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Speaker 16: there's a meeting that led by Cure Starmer in the

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Speaker 16: UK with thirty five nations to talk about diplomatic options

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Speaker 16: to get the straight of horror moves open. But it's

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Speaker 16: clear that this is a process proceeding without.

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Speaker 2: The US, without the US and putting a lot of

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Speaker 2: question as well into the NATO alliance. We heard the

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Speaker 2: President ahead of this speech telling the UK Telegraph that

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Speaker 2: he was strongly considering leaving the alliance. Does NATO look

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Speaker 2: more vulnerable this morning after that speech last night?

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Speaker 16: There's certainly a lot of concern within NATO about you know,

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Speaker 16: what Trump's approach will be, you know, following the Iran war.

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Speaker 16: You know, Trump has basically used this as to say, look,

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Speaker 16: europeanal as, you were not there for us when I

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Speaker 16: ask for you, and so therefore I'm not, you know,

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Speaker 16: wanting to support this NATO alliance. I'll note that formerly

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Speaker 16: leaving NATO would require Congress, so it's unlikely that Trump

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Speaker 16: is going to be able to have the support at

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Speaker 16: home to be able to fully officially pull out of NATO. However,

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Speaker 16: he can do a lot to effectively new to NATO

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Speaker 16: make it very ineffective. You know, the big question here

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Speaker 16: is you know, what does Trump do in the event

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Speaker 16: of an Article five event? That's that mutual defense packed

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Speaker 16: You know that if you know, one attacks and the

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Speaker 16: one is attacked and the others come to its defense.

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Speaker 16: You know, that is the question of will Trump uphold

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Speaker 16: that and what does you know he do you know

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Speaker 16: in the event of a crisis or just to you know,

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Speaker 16: undercut or not those relationships on the world stage.

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