Trump May Implement Copper Tariffs Soon; Wall Street Bonuses Soar On today's podcast:

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.000 --> 0:00:10.560 Good morning. 0:00:10.560 --> 0:00:13.400 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.440 --> 0:00:14.880 stories we're following today. 0:00:15.080 --> 0:00:18.040 Karen, we begin with copper trading at a record, as 0:00:18.040 --> 0:00:21.959 Bloomberg News has learned US tariffs on copper imports could 0:00:21.960 --> 0:00:25.280 be coming within weeks. That would be months earlier that expected. 0:00:25.360 --> 0:00:29.120 The news comes as President Trump told Newsmax there could 0:00:29.200 --> 0:00:32.000 be limited exceptions to his tariff. 0:00:31.600 --> 0:00:33.680 Push, not too many exceptions. 0:00:33.720 --> 0:00:33.800 Now. 0:00:33.800 --> 0:00:37.480 I don't want to have too many exceptions. Look, we've 0:00:37.479 --> 0:00:41.640 been ripped off for forty five years by other countries, 0:00:41.720 --> 0:00:46.920 fifty years more. We always were soft and weak. It's 0:00:46.920 --> 0:00:49.239 almost like we had people that didn't know what they 0:00:49.280 --> 0:00:51.680 were doing. We were just ripped as a country like 0:00:52.080 --> 0:00:53.560 nobody has ever seen before. 0:00:54.120 --> 0:00:57.200 It was President Trump speaking on Newsmax. Analysts to Goldman, 0:00:57.320 --> 0:00:59.400 Sachs and City Group and Notes have said they expect 0:00:59.440 --> 0:01:02.040 the US will impose a twenty five percent copper tariff 0:01:02.080 --> 0:01:02.880 by year's end. 0:01:03.480 --> 0:01:06.640 Well, Nathan, President Trump is also saying more about the 0:01:06.800 --> 0:01:10.559 signal chat that Atlantic journalist Jeffrey Goldberg was allowed into 0:01:10.760 --> 0:01:14.000 as top officials discussed plans to bomb Yemen in the 0:01:14.040 --> 0:01:17.840 Newsmax interview, the President suggested a lower level stafford, a 0:01:17.959 --> 0:01:21.920 national security advisor Mike Waltz, invited Goldberg into the chain. 0:01:22.560 --> 0:01:26.080 Somehow this guy ended up on the call. Now it 0:01:26.120 --> 0:01:29.640 wasn't classified, as I understand that there was no classified information. 0:01:29.760 --> 0:01:32.760 There was no problem, and the attack was a tremendous success. 0:01:33.080 --> 0:01:37.480 President Trump says his administration is investigating how Goldberg was added, 0:01:37.560 --> 0:01:40.280 but Mike Waltz says the mistake is on him. 0:01:40.560 --> 0:01:41.679 I take responsibility. 0:01:41.720 --> 0:01:43.240 I built the I built the group. 0:01:43.400 --> 0:01:43.959 Okay, So. 0:01:45.440 --> 0:01:47.840 But look, that's the part that we have to figure out, 0:01:48.360 --> 0:01:50.120 and that's the part that we were embarrassing. 0:01:50.200 --> 0:01:54.000 Yes, National Security Advisor Mike Waltz tells Fox News he's 0:01:54.040 --> 0:01:57.400 spoken with Elon Musk about the incident. Jeffrey Goldberg did 0:01:57.480 --> 0:02:00.600 not reveal actual attack plans in his article about the 0:02:00.680 --> 0:02:04.400 apparent breach, but did say Defense Secretary Pete Hegseth at 0:02:04.440 --> 0:02:08.400 one point shared operational details of forthcoming strikes on Yemen. 0:02:09.280 --> 0:02:13.440 Speaking of forthcoming, Karen, the US Treasury Department is the 0:02:13.520 --> 0:02:17.639 latest target of Elon Musk's forthcoming do JE effort. Let's 0:02:17.680 --> 0:02:20.640 get the very latest one that from Bloomberg's John Tucker, John, 0:02:21.320 --> 0:02:23.440 I assume we're talking about job cuts. 0:02:23.560 --> 0:02:24.720 Yes, we are, and. 0:02:24.639 --> 0:02:27.720 The Treasury says it's planning to lay off what it calls, quote, 0:02:27.720 --> 0:02:32.639 a substantial number of employees. The Treasuries finalizing the plans 0:02:32.680 --> 0:02:36.760 in response to President Trump's executive order implementing the Department 0:02:36.760 --> 0:02:40.799 of Government Efficiency, led by billionaire Elon Musk. The Treasury 0:02:40.840 --> 0:02:44.080 has more than one hundred thousand employees across several different viewers, 0:02:44.480 --> 0:02:48.120 including the Internal Revenue Service. The disclosure comes from a 0:02:48.160 --> 0:02:51.320 Treasury human resources official as part of a collection of 0:02:51.320 --> 0:02:55.040 sworn affidavits filed in court. The Trump administration has been 0:02:55.080 --> 0:02:57.920 required to certify to a federal judge that's complying with 0:02:58.000 --> 0:03:01.600 a temporary restraining order. I'm John Tucker, Bloomberg Radio. 0:03:01.880 --> 0:03:04.920 All right, John, thank you. Meanwhile, Republican leaders say they 0:03:04.919 --> 0:03:06.960 are getting close to agreeing on a plan to pass 0:03:06.960 --> 0:03:10.280 an extension of President Trump's twenty seventeen tax cuts and 0:03:10.320 --> 0:03:11.880 an increase to the death ceiling. 0:03:12.200 --> 0:03:13.679 The plan is to approve. 0:03:13.400 --> 0:03:15.720 An economic package by the end of May, with House 0:03:15.800 --> 0:03:19.880 lawmakers aiming to move even quicker before the Memorial Day weekend. 0:03:20.120 --> 0:03:22.000 Well, caeren Now we get to the latest developments in 0:03:22.040 --> 0:03:24.760 the war in Ukraine. The US says Russia and Ukraine 0:03:24.800 --> 0:03:26.960 have agreed to a cease fire in the Black Sea. 0:03:27.120 --> 0:03:30.600 The Kremlin has confirmed the agreement but says it's conditional 0:03:30.720 --> 0:03:34.960 on lifting sanctions on banks and companies involved in agricultural exports. 0:03:35.280 --> 0:03:38.720 Ukraine's president Vladimir Lenski says his forces will observe the 0:03:38.760 --> 0:03:41.800 partial truth immediately, but in a video post on x 0:03:41.840 --> 0:03:44.840 he also sounded this warning, Alik, sure if. 0:03:44.640 --> 0:03:48.920 This agreement fails, if Russia does not fulfill the terms 0:03:48.960 --> 0:03:53.800 of today's agreement and instead tries once again to pressure 0:03:53.960 --> 0:03:59.000 the US, Europe and Ukraine, then I believe this should 0:03:59.040 --> 0:04:04.160 be only response. Definitely new sanctions. 0:04:05.000 --> 0:04:08.280 Ukrainian President Vladimir Selenski, speaking through an interpreter on x 0:04:08.320 --> 0:04:11.680 and in the Newsmax interview, President Trump conceded Russian President 0:04:11.760 --> 0:04:14.920 Vladimir Putin may be delaying a full cease fire agreement. 0:04:15.280 --> 0:04:17.520 I think that Russia wants to see an end to it, 0:04:17.560 --> 0:04:19.360 but it could be the dragon, the feed I've done 0:04:19.360 --> 0:04:21.039 it over the years. Yeah, I don't want to sign 0:04:21.120 --> 0:04:23.120 a contract. I want to sort of stay in the game. 0:04:23.160 --> 0:04:25.839 But maybe I don't want to do it quite I'm 0:04:25.839 --> 0:04:30.320 not sure, but no, I think Russia would like to 0:04:30.360 --> 0:04:32.480 see it end, and I think so Lensky would like 0:04:32.520 --> 0:04:33.080 to see it end. 0:04:33.080 --> 0:04:36.599 At this point, Bloomberg News has learned the Trump administration 0:04:36.720 --> 0:04:38.800 is aiming to reach a full cease fire as soon 0:04:38.839 --> 0:04:42.680 as April twentieth. The Ukrainian and European officials have called 0:04:42.680 --> 0:04:44.880 that timeline overly ambitious. 0:04:45.360 --> 0:04:47.840 We turn to the markets now, Nathan futures they're lower, 0:04:47.920 --> 0:04:51.279 following three straight days of gains on Wall Street. Jim Bianco, 0:04:51.440 --> 0:04:54.840 president and founder at Bianco Research, thinks the worst is over. 0:04:55.279 --> 0:04:55.800 We have more. 0:04:55.760 --> 0:04:58.560 Uncertainty now than we did during the COVID shutdown during 0:04:58.640 --> 0:05:01.560 nine to eleven or during the financial crisis. Now is 0:05:01.600 --> 0:05:04.800 more than a certain period. It isn't we're overdoing it 0:05:04.920 --> 0:05:07.760 right now. So I don't understand why we're getting ourselves 0:05:07.839 --> 0:05:10.480 all worked up that this isn't just a ten percent 0:05:10.560 --> 0:05:12.760 correction in the stock market. But this is the end 0:05:13.080 --> 0:05:16.520 of the American experience right now. So this is the 0:05:16.560 --> 0:05:19.840 type of environment where bottoms are made in markets. 0:05:20.400 --> 0:05:23.279 Jim Bianco of Bianco Research stocks that bounced back in 0:05:23.320 --> 0:05:26.200 recent days as the Winehouse signaled plans to take a 0:05:26.240 --> 0:05:28.800 more targeted approach to the tariffs coming next week. 0:05:29.040 --> 0:05:31.080 We have this just crossing the Bloomberg terminal, Karen, it 0:05:31.120 --> 0:05:32.919 was a good year to work on Wall Street. The 0:05:33.000 --> 0:05:36.599 average annual bonus rose by almost a third in twenty 0:05:36.640 --> 0:05:39.479 twenty four to almost two hundred and forty five thousand dollars. 0:05:39.920 --> 0:05:42.600 Total payouts jumped to a record forty seven and a 0:05:42.680 --> 0:05:46.159 half billion, the largest since at least nineteen eighty seven, 0:05:46.160 --> 0:05:49.600 when these records began, as revenue gains from trading and 0:05:49.720 --> 0:05:53.720 underwriting fueled a near doubling of Wall Street Bank profits. 0:05:53.960 --> 0:05:56.560 Well not a company news nathan An Apple CEO Tim 0:05:56.600 --> 0:05:59.080 Cook has paid a visit to the hometown of China's 0:05:59.160 --> 0:06:01.479 Deep Seek. That's the company that shocked the world with 0:06:01.520 --> 0:06:04.880 its artificial intelligence models built at a fraction of the 0:06:04.920 --> 0:06:09.039 cost of American rivals. Cook met with developers at Xeijog 0:06:09.279 --> 0:06:12.279 University and Hangjau. The city is home to some of 0:06:12.360 --> 0:06:15.839 China's most revered tech firms, including Ali Baba and A. 0:06:15.880 --> 0:06:17.599 Stock on the move in a big way this morning, 0:06:17.680 --> 0:06:20.720 Karen is Game Stop. The shares of the video game 0:06:20.760 --> 0:06:23.160 retailer are up more than twelve and a half percent 0:06:23.240 --> 0:06:26.000 in early trading. Of course, GameStop was a favorite of 0:06:26.040 --> 0:06:30.920 retail traders during the meme fre frenzy. Now, GameStop says 0:06:30.960 --> 0:06:33.400 its board has approved a plan to add bitcoin as 0:06:33.440 --> 0:06:35.039 a treasury reserve asset. 0:06:38.839 --> 0:06:40.480 Time now for look at some of the other stories 0:06:40.520 --> 0:06:42.560 making news in New York and around the world, and 0:06:42.640 --> 0:06:44.559 for that we're joined by Bloomberg's Michael Barr. 0:06:44.600 --> 0:06:47.520 Michael, Good Morning, Good morning, Karen. President Trump signed an 0:06:47.520 --> 0:06:51.120 executive order that aims to overhaul the election system. One 0:06:51.120 --> 0:06:55.080 of the order's requirement is to require voters to show 0:06:55.160 --> 0:06:58.720 proof of citizenship before they can register for federal elections. 0:06:59.040 --> 0:07:03.000 Loyola Law School professor Jessica Levinson says Trump's action will 0:07:03.080 --> 0:07:05.400 likely face a vigorous legal challenge. 0:07:05.640 --> 0:07:09.320 Estimates are that almost ten percent of US citizens of 0:07:09.400 --> 0:07:13.920 voting age, which is over twenty one million people, don't 0:07:13.960 --> 0:07:18.200 have proof of citizenship. They're readily available. Who are we 0:07:18.280 --> 0:07:21.280 talking about here when it comes to people who lack 0:07:21.480 --> 0:07:25.880 proof of citizenship that's readily available. Sometimes we're talking about 0:07:25.960 --> 0:07:29.160 married women who have changed their names and their birth 0:07:29.200 --> 0:07:31.480 certificates list their maiden names. 0:07:32.240 --> 0:07:36.680 Loyola Law School professor Jessica Levinson spoke to CBS. There's 0:07:36.800 --> 0:07:40.720 growing concern about DNA held by a testing firm. New 0:07:40.760 --> 0:07:43.760 York Attorney General Letitia James is joining a chorus of 0:07:43.840 --> 0:07:47.560 voices warning millions of users to delete their data and 0:07:47.680 --> 0:07:51.520 destroy DNA samples held by twenty three and Me. It 0:07:51.560 --> 0:07:54.800 comes after twenty three and Me declared bankruptcy, raising concerns 0:07:55.000 --> 0:07:58.480 of whether the genetic testing company can protect its customers. 0:07:59.000 --> 0:08:01.400 Vice president JD. Van said that he would join a 0:08:01.400 --> 0:08:05.160 delegation visiting Greenland this week, and said he would join 0:08:05.200 --> 0:08:07.920 the trip on Friday, which was already slated to include 0:08:07.960 --> 0:08:08.520 his wife. 0:08:08.760 --> 0:08:11.840 There was so much excitement around Usha's visit to Greenland 0:08:11.840 --> 0:08:14.600 this Friday that I decided that I didn't want her 0:08:14.600 --> 0:08:16.560 to have all that fund by herself, and so I'm 0:08:16.560 --> 0:08:17.240 going to join her. 0:08:18.160 --> 0:08:20.920 The trip has smart criticism from local leaders in the 0:08:21.000 --> 0:08:25.280 Danish territory that President Donald Trump has suggested should come 0:08:25.360 --> 0:08:29.520 under American control. New York Governor Kathy Hokeel asked the 0:08:29.520 --> 0:08:32.959 federal government to increase its funding contribution to the Metropolitan 0:08:32.960 --> 0:08:36.840 Transportation Authority in a March twenty fourth letter. The MTA 0:08:36.920 --> 0:08:39.920 carries forty three percent of the nation's mass transit writers 0:08:40.120 --> 0:08:43.520 but receives only seventeen percent of federal funding, which Hoko 0:08:43.640 --> 0:08:48.320 calls a fundamental misalignment. Transportation Secretary Sean Duffy called the 0:08:48.360 --> 0:08:52.320 request outrageous, adding in a social media post, Governor hokel 0:08:52.440 --> 0:08:55.880 is asking for more money for the horribly run MDA 0:08:56.520 --> 0:08:59.040 Global News twenty four hours a day and whenever you 0:08:59.080 --> 0:09:01.680 want it with Bloomberg News. Now. I'm Michael Barr, and 0:09:01.760 --> 0:09:03.160 this is Bloomberg Kevin. 0:09:03.240 --> 0:09:09.959 All right, Michael Barr, thank you time now for the 0:09:09.960 --> 0:09:12.920 Bloomberg Sports Update, brought to you by Tri State OUTI 0:09:13.000 --> 0:09:15.400 here's John Stanshawer, John, good morning. 0:09:15.480 --> 0:09:18.080 Norning, Karen a wake Ago. Tommy DeVito was the only 0:09:18.160 --> 0:09:20.640 quarterback on the Giants roster. Then last Friday they added 0:09:20.720 --> 0:09:24.839 Jameis Winston. Now four days later, Russell Wilson has become 0:09:24.880 --> 0:09:26.640 a Giant. Just a one year deal. He can make 0:09:26.720 --> 0:09:29.120 up to twenty one million, about half that guaranteed. 0:09:29.160 --> 0:09:30.160 Wilson is thirty six. 0:09:30.200 --> 0:09:33.360 They're not getting the nine time pro bowler from his 0:09:33.480 --> 0:09:36.840 days in Seattle. He struggled in Denvery with subbar down 0:09:36.880 --> 0:09:39.920 the stretch this past season with Pittsburger. Wilson's career record 0:09:40.240 --> 0:09:43.480 as a starting QB is forty four games over five hundred. 0:09:43.720 --> 0:09:45.600 This puts the Giants out of the running to get 0:09:45.600 --> 0:09:47.960 Aaron Rodgers, but the feeling is it does not mean 0:09:48.360 --> 0:09:50.600 they won't also draft a quarterback next month. 0:09:50.600 --> 0:09:51.439 They've got the third pick. 0:09:51.520 --> 0:09:55.040 The Patriots signed veteran white out Stefan Diggs the Garden. 0:09:54.800 --> 0:09:55.600 Triple Double Knight. 0:09:55.800 --> 0:09:58.800 Karl Anthony Towns twenty six points, Josh Hart scored sixteen. 0:09:58.840 --> 0:10:02.600 They both add twelve rebounds and eleven assists for Hart 0:10:02.760 --> 0:10:06.720 his ninth triple double this season, breaking Clyde Fraser's team record. 0:10:07.120 --> 0:10:10.200 Teammates with triple doubles had never been done before in 0:10:10.320 --> 0:10:12.920 next history. They made Dallas one twenty eight to one thirteen. 0:10:12.960 --> 0:10:14.559 The coach his tump him out. 0:10:15.120 --> 0:10:18.760 Uh the way, you know Josh was going to another 0:10:18.800 --> 0:10:23.400 triple double, breaking the record, you know, great accomplishment, and 0:10:23.440 --> 0:10:27.200 then tab Kat do it as well. That's pretty special. 0:10:27.360 --> 0:10:31.840 But uh Ogi was terrific throughout. I thought McHale gave 0:10:31.920 --> 0:10:34.440 us really good minutes and then our point guard play 0:10:34.520 --> 0:10:37.000 between Cam and Tyler was was also very good. 0:10:37.240 --> 0:10:39.439 Jennen and I'll be team high thirty five points. Not 0:10:39.640 --> 0:10:41.920 g Marshall scored thirty eight for the Mass Rangers in 0:10:42.080 --> 0:10:45.120 La scored first JT. Miller early second perioded, but it 0:10:45.160 --> 0:10:47.360 was their only goal. They lost to the King three 0:10:47.400 --> 0:10:47.720 to one. 0:10:47.840 --> 0:10:49.440 John Stashiel went Boomberg Sports. 0:10:49.480 --> 0:10:56.679 Karennath Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:56.800 --> 0:10:59.599 and around the world on Bloomberg dot Com and the 0:10:59.640 --> 0:11:02.760 bloom Burg Business app. This is Bloomberg Daybreak. 0:11:02.880 --> 0:11:05.520 Good morning. I'm Nathan Hager, and we now stand a 0:11:05.559 --> 0:11:09.920 week away from President Trump's promised liberation day of country 0:11:09.960 --> 0:11:13.320 by country tariffs around the world. After hinting earlier this 0:11:13.360 --> 0:11:16.120 week that some countries could get breaks, the President now 0:11:16.120 --> 0:11:18.320 says he does not want too many exceptions. 0:11:18.920 --> 0:11:21.840 All we're going to do it's reciprocal. We're just going 0:11:21.880 --> 0:11:25.120 to be reciprocal. In fact, I'll probably be more lenient 0:11:25.200 --> 0:11:28.920 than reciprocal, because if I was reciprocal, that would be 0:11:29.000 --> 0:11:30.360 very tough for people. 0:11:30.880 --> 0:11:33.760 President Trump spoke on Newsmax as Bloomberg News has learned, 0:11:33.760 --> 0:11:37.720 the President may impose copper tariffs within weeks, months ahead 0:11:37.720 --> 0:11:39.800 of deadline. For the very latest, we are joined by 0:11:39.840 --> 0:11:43.880 Bloomberg News Senior editor Bill Ferries. Bill, what is the 0:11:43.920 --> 0:11:46.679 President considering when it comes to copper tariffs. 0:11:46.679 --> 0:11:47.320 What have we learned? 0:11:48.400 --> 0:11:51.520 Hey, good morning, Nathan, Thanks for having me. So what 0:11:51.640 --> 0:11:54.200 we do know is when President Trump called on the 0:11:54.200 --> 0:11:58.200 Department of Commerce to look into the possibility of tariffs 0:11:58.240 --> 0:12:02.280 on copper imports, that investigation could have taken up to 0:12:02.400 --> 0:12:06.720 nine months. Now it seems like the administration their probe 0:12:07.600 --> 0:12:11.120 is moving very quickly. They expect to have a report 0:12:11.559 --> 0:12:15.319 on the President's desk very shortly. So nine months has 0:12:15.360 --> 0:12:18.920 gone down to possibly days or weeks before a report 0:12:19.000 --> 0:12:21.760 is ready and the President makes a decision with people 0:12:21.760 --> 0:12:25.800 in the administration. Administration suggesting that the President has largely 0:12:25.840 --> 0:12:29.360 made up his mind that there will likely be tariffs 0:12:29.559 --> 0:12:32.880 on copper imports. And you saw that affecting the markets. 0:12:32.480 --> 0:12:36.160 Today absolutely, with copper trading close to if not at 0:12:36.200 --> 0:12:39.280 a record. Why the apparent rush here, Bill, I mean, 0:12:39.320 --> 0:12:42.079 it took several months, didn't it for steal into aluminum 0:12:42.120 --> 0:12:43.160 tariffs to be finalized? 0:12:44.120 --> 0:12:44.640 It did? 0:12:44.720 --> 0:12:46.880 I think? You know, I think the President has just 0:12:46.960 --> 0:12:50.280 identified this as another one of his priorities. It's a 0:12:50.320 --> 0:12:54.240 way to it's a way to, in his mind, I think, 0:12:54.280 --> 0:12:58.440 help boost domestic mining, domestic manufacturing, try to get more 0:12:58.480 --> 0:13:00.720 of that in here. The reality is what we're seeing 0:13:00.960 --> 0:13:04.600 with a lot of products, including metals, is that shippers 0:13:04.600 --> 0:13:07.880 are trying to get that into the US before anything 0:13:08.000 --> 0:13:10.760 takes effect. But as you know, and people who are 0:13:10.760 --> 0:13:13.960 listening every day, no on this show, every day, we 0:13:14.000 --> 0:13:16.920 have a slightly different news when it comes to tariffs. 0:13:16.920 --> 0:13:20.200 So what we're talking about today, there's still a lot 0:13:20.200 --> 0:13:23.360 of time for things to change before copper tariffs come 0:13:23.440 --> 0:13:26.320 and before this April second Liberation Day that the President 0:13:26.400 --> 0:13:27.200 keeps talking about. 0:13:27.440 --> 0:13:29.880 And to that point, the President keeps talking about whether 0:13:29.920 --> 0:13:32.760 some countries could get exceptions, whether he even wants to 0:13:32.800 --> 0:13:36.640 see exceptions. What is the messaging that we're getting from 0:13:36.679 --> 0:13:38.960 the President at this point when it comes to what 0:13:39.040 --> 0:13:42.400 we could get on this coming Wednesday, Well. 0:13:42.240 --> 0:13:44.480 What we expected, I think a few weeks ago was 0:13:44.520 --> 0:13:47.839 perhaps a wall of tariffs coming down on all imported 0:13:47.840 --> 0:13:51.040 goods from all countries. It looks like that perhaps is 0:13:51.040 --> 0:13:53.600 a bit of a stretch in terms of being able 0:13:53.640 --> 0:13:56.920 to do that for every country. The administration has repeatedly 0:13:57.000 --> 0:14:00.520 talked about a narrower list of countries. We don't know 0:14:00.600 --> 0:14:04.040 how many countries are in a narrower list. That certainly 0:14:04.080 --> 0:14:07.200 opens the door for a lot of lobbying by different countries, 0:14:07.440 --> 0:14:09.600 and I think what we heard in your clip there 0:14:09.679 --> 0:14:12.520 is the President pushing back on some of those efforts. 0:14:12.760 --> 0:14:15.400 But we know the countries he's talked quite a bit about. 0:14:15.440 --> 0:14:19.440 They include Canada and Mexico obviously already under a lot 0:14:19.480 --> 0:14:23.200 of tariffs. There's China, There's India, who he said has 0:14:23.560 --> 0:14:27.480 very high tariffs, even Ireland, So a lot of European 0:14:27.520 --> 0:14:31.280 countries likely facing some of these tariffs as well. So 0:14:31.320 --> 0:14:33.920 it's just universally, there's not going to be a lot 0:14:33.960 --> 0:14:36.160 of clarity until we wake up on April second. 0:14:36.520 --> 0:14:38.760 While the market's focused on what could be coming a 0:14:38.800 --> 0:14:41.160 week from today, there's also a lot of focus in 0:14:41.320 --> 0:14:45.040 Washington still Bill on this signal chat that Atlantic journalist 0:14:45.320 --> 0:14:49.920 Jeffrey Goldberg got into about Yemen plans. What's the latest on. 0:14:49.960 --> 0:14:53.440 That, Well, we're seeing a real circling of the wagons there, 0:14:53.520 --> 0:14:56.760 the President saying that they're going to be looking into 0:14:56.880 --> 0:15:00.840 how this journalist was added to that text, but largely 0:15:00.880 --> 0:15:06.480 defending his National security advisor Michael Waltz for the work 0:15:06.480 --> 0:15:10.960 he's done so far there, Michael saying that he doesn't 0:15:11.000 --> 0:15:14.320 know how Jeffrey Goldberg got into that chat group. He 0:15:14.320 --> 0:15:17.320 said he took responsibility, but he's not sure how that happened. 0:15:17.520 --> 0:15:20.000 And then you had the D and I director Tulsea 0:15:20.040 --> 0:15:22.960 Gabbard and John Ratcliffe, head of the CIA, up on 0:15:23.000 --> 0:15:26.320 the Hill yesterday, up on the Hill today. So far 0:15:26.440 --> 0:15:29.760 their line has been there's not been classified information shared, 0:15:29.960 --> 0:15:32.280 but of course we haven't seen that full text message 0:15:32.360 --> 0:15:34.440 because Goldberg decided not to publish it. 0:15:34.760 --> 0:15:37.720 This is Bloomberg day Break, your morning podcast on the 0:15:37.800 --> 0:15:41.320 stories making news from Wall Street to Washington and beyond. 0:15:41.560 --> 0:15:43.960 Look for us on your podcast feed by six am 0:15:44.000 --> 0:15:47.360 Eastern each morning, on Apple, Spotify, or manywhere else you listen. 0:15:47.600 --> 0:15:50.440 You can also listen live each morning starting at five 0:15:50.480 --> 0:15:53.200 am Wall Street time on Bloomberg eleven three to zero 0:15:53.200 --> 0:15:56.120 in New York, Bloomberg ninety nine to one in Washington, 0:15:56.160 --> 0:15:59.920 Bloomberg ninety two nine in Boston, and nationwide on Siria 0:16:00.320 --> 0:16:01.880 XM Channel one twenty one. 0:16:02.280 --> 0:16:05.000 Plus listen coast to coast on the Bloomberg Business app 0:16:05.040 --> 0:16:07.880 now with Apple CarPlay and Android auto interfaces. 0:16:08.080 --> 0:16:11.080 And don't forget to subscribe to Bloomberg News Now. It's 0:16:11.120 --> 0:16:13.840 the latest news whenever you want it. In five minutes 0:16:13.960 --> 0:16:17.080 or less. Search Bloomberg News Now on your favorite podcast 0:16:17.080 --> 0:16:21.320 platform to stay informed all day long. I'm Karen Moscow. 0:16:21.040 --> 0:16:23.560 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:23.640 --> 0:16:25.560 all the news you need to start your day right 0:16:25.600 --> 0:16:27.040 here on Bloomberg day Break