President Trump's Trade Threats, Zelenskiy Heads to Washington

Bloomberg Audio Studios, Podcasts, radio News. 0:00:10.240 --> 0:00:10.799 Good morning. 0:00:10.840 --> 0:00:13.680 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.720 --> 0:00:15.640 stories we're following today here, and. 0:00:15.560 --> 0:00:18.640 We begin with the news out of Washington, royaling investors. 0:00:18.720 --> 0:00:21.680 President Donald Trump is doubling down on his promise of 0:00:21.720 --> 0:00:24.840 twenty five percent tariffs on Canada and Mexico to take 0:00:24.840 --> 0:00:27.960 effect March fourth, and a further ten percent levy on 0:00:28.040 --> 0:00:31.760 Chinese imports that same day. Global equities sold off on 0:00:31.840 --> 0:00:33.800 the threat. The S and P five hundred is now 0:00:33.880 --> 0:00:36.959 just another one point four percent drop away from wiping 0:00:37.040 --> 0:00:40.720 all its gains since Trump's election, But the President is 0:00:40.760 --> 0:00:43.680 pushing back it concerns the tariffs will lead to inflation. 0:00:44.400 --> 0:00:46.960 It's a myth that's put out there by foreign countries 0:00:47.000 --> 0:00:52.200 that really don't like paying tariffs, and especially to even up. 0:00:52.680 --> 0:00:55.520 So we've been treated badly by a lot. We're using tariffs, 0:00:55.880 --> 0:00:58.440 and I find, and you just have to look at 0:00:58.440 --> 0:01:01.280 the numbers, but I find that it's not about inflation. 0:01:01.360 --> 0:01:02.279 It's about fairness. 0:01:02.320 --> 0:01:06.600 And the inflation for US has not existed, and I 0:01:06.600 --> 0:01:07.840 don't think it's going to exist. 0:01:08.000 --> 0:01:10.559 President Trump spoke at a news conference with UK Prime 0:01:10.560 --> 0:01:14.640 Minister Keir Starmer heard on Bloomberg Radio Nathan. 0:01:14.360 --> 0:01:17.199 And the British premier left his meeting with President Trump 0:01:17.240 --> 0:01:20.279 with a promise of a trade deal. The President said 0:01:20.400 --> 0:01:22.000 he'll restart trade. 0:01:21.680 --> 0:01:22.720 Talks with the UK. 0:01:22.959 --> 0:01:26.080 He was asked if Starmer convinced him not to impose tariffs. 0:01:26.640 --> 0:01:31.400 He tried, He was working hard. 0:01:31.480 --> 0:01:34.560 I'll tell you that he yearned whatever the hell they 0:01:34.560 --> 0:01:39.119 pay him over there, but he tried. I think there's 0:01:39.160 --> 0:01:41.120 a very good chance that in the case of these 0:01:41.160 --> 0:01:44.720 two great friendly countries, I think we could very well 0:01:44.800 --> 0:01:48.760 end up with a real trade deal where the tariffs 0:01:48.760 --> 0:01:50.160 wouldn't be necessary. 0:01:50.440 --> 0:01:53.360 President Trump's comments come after he seemed to suggest a 0:01:53.440 --> 0:01:56.480 twenty five percent tariff on the European Union following a 0:01:56.520 --> 0:02:00.000 meeting with French President Emmanuel mccrawn earlier this week. 0:02:00.120 --> 0:02:02.640 And as for the ten percent tariff on China, Karen, 0:02:02.680 --> 0:02:05.040 that will come on top of a previous ten percent 0:02:05.120 --> 0:02:08.360 duty implemented earlier this month. A Chinese Ministry of Commerce 0:02:08.360 --> 0:02:11.640 spokesperson said the country will defend its legitimate rights and 0:02:11.760 --> 0:02:15.040 interests with quote all necessary measures. We get more on 0:02:15.080 --> 0:02:18.080 the potential impact from Bloomberg's minmn low in Hong Kong. 0:02:18.320 --> 0:02:20.880 Bloomberg Economics had crunched the numbers. They said that the 0:02:21.080 --> 0:02:24.200 original ten percent tariffs might still be manageable for China, 0:02:24.240 --> 0:02:27.040 but the additional ten percent that would be equivalent to 0:02:27.120 --> 0:02:29.560 about double the scale of the first trade war. It 0:02:29.600 --> 0:02:33.160 could cut China's exports to the US by about fifty percent. 0:02:33.280 --> 0:02:35.919 Bloomberg's Minmnlow says the new tariffs will come just one 0:02:36.000 --> 0:02:39.359 day before President Shi Jinping heads into the Chinese Communist 0:02:39.400 --> 0:02:42.359 Party's biggest political meeting of the year, where his lieutenants 0:02:42.400 --> 0:02:45.160 will unveil their economic blueprint for twenty twenty five. 0:02:45.639 --> 0:02:48.760 Well Nathan back in Washington, President Trump is getting ready 0:02:48.800 --> 0:02:53.080 for another pivotal meeting today with the Ukrainian President, Vladimir Zelensky, 0:02:53.160 --> 0:02:56.280 and Bloomberg's Amy Morris has a preview from the nation's capital. 0:02:56.720 --> 0:02:59.720 President Trump expects to sign a deal with Zelensky allowing 0:02:59.760 --> 0:03:03.600 the US access to Ukraine's minerals in exchange for military support. 0:03:03.760 --> 0:03:05.360 We're going to have a very good meeting. We're going 0:03:05.400 --> 0:03:07.960 to get along really well. Okay, we have a lot 0:03:08.000 --> 0:03:09.639 of respect. I have a lot of respect for him. 0:03:10.639 --> 0:03:12.720 We've given him a lot of equipment and a lot 0:03:12.760 --> 0:03:15.000 of money. But they have fought very bravely no matter 0:03:15.400 --> 0:03:16.200 how you figure it. 0:03:16.240 --> 0:03:19.120 But a White House National security official tells The New 0:03:19.200 --> 0:03:22.600 York Times the deal does not include any guarantee of 0:03:22.680 --> 0:03:26.000 future war funding, a difference that is expected to be 0:03:26.040 --> 0:03:29.200 at the center of this meeting in Washington. Amy Morris 0:03:29.240 --> 0:03:30.360 Bloomberg Radio. 0:03:30.280 --> 0:03:33.040 Okamie, thank you. Ahead of today's meeting, President Trump walked 0:03:33.080 --> 0:03:35.960 back his recent criticism of Zelenski. A reporter asked if 0:03:35.960 --> 0:03:38.280 he still thinks Ukraine's president is a dictator? 0:03:40.040 --> 0:03:40.720 Did I say that? 0:03:41.600 --> 0:03:43.640 I can't believe I said that next ration. 0:03:43.800 --> 0:03:46.720 And President Trump had called Zelenski a dictator without elections, 0:03:46.760 --> 0:03:49.360 in social media posts and in recent speeches. 0:03:50.240 --> 0:03:52.560 Well, we turned to the markets now, Nathan, and later 0:03:52.640 --> 0:03:55.280 this morning we get a key data point that traders 0:03:55.320 --> 0:03:58.320 are keeping a close eye on the FEDS preferred inflation gauge, 0:03:58.360 --> 0:04:01.920 the PCE indexes do at eight thirty am, Wall Street Time, 0:04:02.280 --> 0:04:04.680 and Bloomberg's Michael McKee joins us with the preview. 0:04:05.080 --> 0:04:06.800 Wall Street is looking for a bit of a silver 0:04:06.880 --> 0:04:11.600 lining amid somewhat dark inflationary clouds. Economists anticipate a soft 0:04:11.680 --> 0:04:15.680 PCE report that will see year over year inflation fall. 0:04:15.800 --> 0:04:18.960 That would contrast with other price indicators for January, like 0:04:19.040 --> 0:04:22.440 CPI that came in higher and raised questions about the 0:04:22.520 --> 0:04:26.480 durability of inflation. If inflation is sticky, the Fed isn't 0:04:26.520 --> 0:04:29.360 going to be inclined to cut rates again, but they 0:04:29.440 --> 0:04:32.479 might if the economy is seriously slowing. We'll get some 0:04:32.600 --> 0:04:35.920 evidence on that from the spending side of the PCE report. 0:04:36.279 --> 0:04:40.400 Spending forecasts to be down from December. Michael McKee, Bloomberg Radio. 0:04:40.520 --> 0:04:42.719 All right, Michael, thank you. I'll stay with Bloomberg for 0:04:42.760 --> 0:04:45.960 a full PCEE coverage on Bloomberg Surveillance. We'll break the 0:04:46.000 --> 0:04:48.920 numbers down live here on Bloomberg Radio and on the 0:04:48.920 --> 0:04:51.120 Bloomberg podcast page on YouTube. 0:04:51.200 --> 0:04:53.400 Well, Caro, we want to turn to crypto markets now, 0:04:53.440 --> 0:04:56.520 because bitcoin looks like it's been sliding off a cliff 0:04:56.680 --> 0:05:00.440 really for the last several weeks. Bloomberg's John Tucker is 0:05:00.560 --> 0:05:03.360 here with more. John, just how bad has this sell off? 0:05:03.400 --> 0:05:03.560 Then? 0:05:03.720 --> 0:05:06.720 Well, remember NATed bitcoin hit a peak January twenty first, 0:05:06.800 --> 0:05:09.719 it touched one hundred seven thousand dollars and this morning 0:05:10.240 --> 0:05:14.440 it is right around eighty thousand dollars per token. It's 0:05:14.520 --> 0:05:16.800 lost over a quarter of its value in just over 0:05:16.920 --> 0:05:19.599 a month. This has slined of almost twenty five percent. 0:05:20.000 --> 0:05:22.520 Other tokens, like ether, they're plunging as well. And the 0:05:22.560 --> 0:05:26.280 reason behind it President Trump's latest tarer threats investors have 0:05:26.400 --> 0:05:29.760 dump risk assets like crypto. Last time we saw sentiment 0:05:29.800 --> 0:05:32.719 this bad was in twenty twenty two, and you'll remember 0:05:32.760 --> 0:05:35.880 that it was the so called crypto Winter. A crypto 0:05:36.040 --> 0:05:38.839 was one of the most popular Trump trades in global markets, 0:05:39.160 --> 0:05:42.880 buying bitcoin on the expectation that the president's crypto friendly 0:05:42.920 --> 0:05:45.920 approach would lead to a broad rally in New York. 0:05:45.920 --> 0:05:47.599 I'm John Tucker, Bloomberg Radio. 0:05:47.880 --> 0:05:50.080 All right, John, thank you to company News. Now Meta 0:05:50.160 --> 0:05:52.479 Platforms it's said to be in talks with Apollo for 0:05:52.720 --> 0:05:55.720 thirty five billion dollars in financing to help develop data 0:05:55.800 --> 0:05:59.159 centers in the US. Sources say the alternative asset manager 0:05:59.200 --> 0:06:02.520 has discussed a major part of the financing, and we're 0:06:02.520 --> 0:06:05.640 also told KKR is part of the investor group. PAMETA 0:06:06.080 --> 0:06:08.160 has said it plans to spend as much as sixty 0:06:08.160 --> 0:06:11.760 five billion dollars on AI projects this year, and checking 0:06:11.800 --> 0:06:14.360 Meta shares this morning, they're up half percent. 0:06:14.640 --> 0:06:18.359 Staying with tech, Karen. Dell's earnings top expectations. The company 0:06:18.400 --> 0:06:22.000 delivered a strong outlook for servers optimized for artificial intelligence. 0:06:22.279 --> 0:06:25.800 Pcmaker expects to ship fifteen billion dollars worth this fiscal year. 0:06:25.839 --> 0:06:28.680 That's a fifty percent jump from the year before, but 0:06:28.760 --> 0:06:32.240 Dell also says its gross margin will fall one percentage 0:06:32.279 --> 0:06:35.120 point due to the high cost of Nvidia chips and 0:06:35.240 --> 0:06:37.880 checking Dell shares this morning, they are down more than 0:06:37.960 --> 0:06:39.640 two percent, Nathan. 0:06:39.640 --> 0:06:42.600 The security is an exchange commission as expressing concerns about 0:06:42.600 --> 0:06:46.000 a first of its kind private credit exchange traded fund. 0:06:46.160 --> 0:06:49.200 In a letter to its backers State Street and Apollo, 0:06:49.440 --> 0:06:52.640 the SEC said it wants to know more about its liquidity, 0:06:52.760 --> 0:06:55.680 its name, and its ability to comply with valuation rules. 0:06:55.960 --> 0:06:59.720 The ETF launched yesterday under the ticker PRIIV. A filing 0:06:59.760 --> 0:07:03.080 show There's the fun will cap liquid investments at fifteen percent, 0:07:03.440 --> 0:07:05.680 but private credit is expected to take up ten to 0:07:05.720 --> 0:07:07.320 thirty five percent of its portfolio. 0:07:07.520 --> 0:07:11.040 Speaking of going private, Karen, there's a new Bloomberg newsletter 0:07:11.320 --> 0:07:15.040 just on that topic. It is called Going Private. Still 0:07:15.080 --> 0:07:18.120 Every dear inbox Wednesdays and Fridays, bringing you coverage of 0:07:18.160 --> 0:07:21.720 private markets and the forces moving capital away from the 0:07:21.720 --> 0:07:25.240 public eye. Subscribe to the Going Private newsletter now at 0:07:25.280 --> 0:07:28.360 bloomberg dot com slash going Private. 0:07:31.840 --> 0:07:33.080 And it's time now for a look at some of 0:07:33.120 --> 0:07:35.200 the other stories making news in New York and around 0:07:35.240 --> 0:07:38.200 the world. And for that we're joined by Bloomberg's Michael Barr. Michael, 0:07:38.200 --> 0:07:39.640 Good morning, Good morning, Karen. 0:07:39.640 --> 0:07:42.520 The mystery deepens into the depths of two time Oscar 0:07:42.560 --> 0:07:46.120 winner Gene Hackman, his wife, and their dog. Police in 0:07:46.160 --> 0:07:50.240 New Mexico have now ruled the depth suspicious. Authorities say 0:07:50.280 --> 0:07:52.760 there were no initial signs of a natural gas leak 0:07:52.880 --> 0:07:56.560 or carbon monoxide in Hackman's Santa Fe home, but they 0:07:56.600 --> 0:07:59.840 add it is possible the gas could have dissipated in 0:07:59.840 --> 0:08:03.040 the time between their deaths and when authorities arrived on 0:08:03.080 --> 0:08:06.400 the scene Wednesday, the front door was open. Santa Fe 0:08:06.480 --> 0:08:10.920 Sheriff Aiden Mendoza says, in terms of potential causes of death, 0:08:11.160 --> 0:08:12.280 everything is on the table. 0:08:12.720 --> 0:08:15.240 All I can see is they have been deceased for 0:08:15.680 --> 0:08:18.480 quite a while. You know, that's a determination that's better 0:08:18.760 --> 0:08:22.640 suited for Omi and the experts. But it sounds like 0:08:22.680 --> 0:08:24.680 they had been deceased for a while, and I don't 0:08:24.680 --> 0:08:26.320 want to take a guest in reference to how long 0:08:26.360 --> 0:08:26.760 that was. 0:08:27.440 --> 0:08:30.120 Sheriff Mendoza says they will do an autopsy and a 0:08:30.240 --> 0:08:34.080 toxicology on the bodies to determine whether there were drugs 0:08:34.120 --> 0:08:37.640 in their system or was their carbon monoxide in their blood. 0:08:37.920 --> 0:08:40.760 It could take at least eight weeks. New Jersey officials 0:08:40.760 --> 0:08:43.080 say the spread of measles in the state involves three 0:08:43.160 --> 0:08:46.560 members of the same family. State Health Commissioner doctor Caitlin 0:08:46.640 --> 0:08:51.120 Baston says a child in Bergen County traveled internationally and 0:08:51.280 --> 0:08:53.440 two close family members were later infected. 0:08:53.800 --> 0:08:55.920 We are doing safe contact tracing. 0:08:56.000 --> 0:08:57.800 We're out there trying to keep this contained. 0:08:58.120 --> 0:09:02.600 Doctor Bashton says all three were unvaccinated. As the measles 0:09:02.600 --> 0:09:06.840 outbreak in West Texas increases, officials in Houston are urging 0:09:06.880 --> 0:09:10.120 residents to get vaccinated ahead of upcoming events that will 0:09:10.120 --> 0:09:14.200 attract large crowds like the Houston Livestock Show and rodeo 0:09:14.400 --> 0:09:18.360 and spring break. Doctor Peter Hotez, co director of the 0:09:18.400 --> 0:09:23.319 Texas Children's Hospital Center for Vaccine Development, said travelers should 0:09:23.320 --> 0:09:26.520 come to Texas because the measles vaccine is very effective. 0:09:26.920 --> 0:09:30.040 Don't change your plans. We don't want people canceling going 0:09:30.080 --> 0:09:32.760 to the rodeo because of worry about measles for the 0:09:32.760 --> 0:09:35.640 simple reason it's not like COVID. Remember, we have a 0:09:35.800 --> 0:09:39.959 very effective vaccine. A single dose of the measles vaccine 0:09:40.840 --> 0:09:43.000 is more than ninety percent protective. 0:09:43.760 --> 0:09:47.000 Earlier this week, the Texas Department of State Health Services 0:09:47.080 --> 0:09:50.800 reported the first measles death of an unvaccinated school age 0:09:50.880 --> 0:09:53.880 child in Lubbock. The Vatican says that Polpe France has 0:09:53.960 --> 0:09:57.000 continues to improve from double deemonia, though doctors say he 0:09:57.040 --> 0:10:00.480 needs more days of clinical stability before they reveal there 0:10:00.520 --> 0:10:03.839 guarded prognosis. Global News twenty four hours a day, whenever 0:10:03.880 --> 0:10:06.080 you want it with Bloomberg News Now Michael Barb, this 0:10:06.200 --> 0:10:07.120 is Bloomberg Karen. 0:10:07.200 --> 0:10:13.960 All right, Michael Barr, thank you time now for the 0:10:13.960 --> 0:10:17.200 Bloombergy Sports update, brought to you by Tri State Outie. 0:10:17.240 --> 0:10:19.439 Here's John stash Hour, John, Good morning. 0:10:19.200 --> 0:10:21.200 Good morning, Karen. One of the bigger questions of the 0:10:21.320 --> 0:10:25.760 NFL offseason was answering Travis Kelcey is not going to retire. 0:10:25.840 --> 0:10:28.559 He'll be back for a thirteenth season playing tight end 0:10:28.559 --> 0:10:31.120 for Kansas City. Kelsey sit in the statement the Super 0:10:31.160 --> 0:10:34.480 Bowl blowout loss left a bad taste. Wasn't the way 0:10:34.480 --> 0:10:36.600 he wanted to go out. The Chiefs are also keeping 0:10:36.679 --> 0:10:40.360 Pro Bowl guard Tray Johnson. They're giving him the franchise tag. 0:10:40.480 --> 0:10:44.560 NBA Orlando a huge night for Steph Curry fifty six points. 0:10:44.800 --> 0:10:48.080 He made twelve three pointers in the third quarter. Curry 0:10:48.080 --> 0:10:51.240 outscored the Magic by himself. The Warriors won one twenty one, 0:10:51.320 --> 0:10:54.760 one fifteen. The Lakers beat Minnesota one seventeen one oh two. 0:10:54.880 --> 0:10:59.040 Lebron James and Luka Donzi combined for fifty four points 0:10:59.040 --> 0:11:01.520 and thirty rebounds. Are in Memphis tonight. They may have 0:11:01.600 --> 0:11:04.120 Mitchell Robinson in the lineup for the first time this season, 0:11:04.520 --> 0:11:07.240 back after a second surgery on his ankle. The Nets 0:11:07.240 --> 0:11:11.000 tonight host Portland and Cam Thomas returns for Brooklyn. He's 0:11:11.000 --> 0:11:13.880 missed most of the last nearly four months. When Thomas 0:11:14.080 --> 0:11:16.960 heard his hamstring, he was averaging twenty five points a games. 0:11:17.040 --> 0:11:20.239 Bacon of injuries, Rangers have a big one star defenseman 0:11:20.280 --> 0:11:24.520 Adam Fox upper body placed on injured reserve. Rangers coach 0:11:24.600 --> 0:11:25.880 is Peter Loveolette. 0:11:26.080 --> 0:11:28.920 Yeah, I never never want to see that happen, for sure. 0:11:28.960 --> 0:11:32.720 He's such an important part of the team and play 0:11:32.800 --> 0:11:36.720 so many minutes for us, So that's always a tough break. 0:11:36.760 --> 0:11:39.640 But now that we know that we have an opportunity 0:11:39.640 --> 0:11:40.679 for others to step up. 0:11:40.800 --> 0:11:43.679 Rangers are at the Garden tonight to play Toronto Columbus. 0:11:43.760 --> 0:11:45.000 Last night beat Detroit. 0:11:45.040 --> 0:11:48.160 The Rangers are chasing those two teams for a playoffs 0:11:48.160 --> 0:11:51.280 bot Blue Shirt's currently four points behind Islanders. Won two 0:11:51.280 --> 0:11:54.840 to one in Boston College Hoops. Heartbreaking loss for Rutgers. 0:11:54.880 --> 0:11:57.680 Michigan won on a three pointer at the Buzzer PGA 0:11:57.840 --> 0:11:59.760 tors and Palm Beach and in the opening round of 0:11:59.800 --> 0:12:03.959 the Jake knapshot fifty nine. He's got a foreshot lead. 0:12:04.000 --> 0:12:07.200 It's the fifteenth sub sixty round in PGA Tour history. 0:12:07.200 --> 0:12:09.559 It's the first ever shot in the state of Florida. 0:12:09.840 --> 0:12:12.360 John stash Away, Bloomberg Sports Kenny Nathan. 0:12:14.400 --> 0:12:18.880 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, and. 0:12:18.920 --> 0:12:22.160 Around the world on Bloomberg dot Com and the Bloomberg 0:12:22.200 --> 0:12:22.800 Business app. 0:12:23.080 --> 0:12:24.720 This is Bloomberg Daybreak. 0:12:24.920 --> 0:12:28.800 Good morning, I'm Nathan Hager. Ukrainian President Vladimir Zelenski will 0:12:28.840 --> 0:12:31.640 be making a personal appeal to President Trump not to 0:12:31.720 --> 0:12:34.120 sell out his country to Russia when he heads to 0:12:34.160 --> 0:12:37.320 the White House later today, but the US President appears 0:12:37.320 --> 0:12:40.200 focused on a critical minerals deal with Ukraine, and when 0:12:40.280 --> 0:12:43.560 asked whether he would back up European peacekeepers in a 0:12:43.600 --> 0:12:44.840 ceasefire with Russia. 0:12:45.280 --> 0:12:47.680 I think we're very well advanced on a deal, but 0:12:47.760 --> 0:12:49.360 we have not made a deal yet, so I don't 0:12:49.400 --> 0:12:52.080 like to talk about peacekeeping until we have a deal. 0:12:52.280 --> 0:12:55.680 President Trump, speaking there alongside UK Prime Minister Keir Starmer 0:12:55.679 --> 0:12:58.559 at a White House news conference heard on Bloomberg Radio. 0:12:58.640 --> 0:13:00.920 For more, We are joined by blooming Europe, Middle East 0:13:00.920 --> 0:13:04.559 and African News director Rosalind mathieson Roz, It's great to 0:13:04.600 --> 0:13:07.600 speak with you this morning. It seems as though this 0:13:07.800 --> 0:13:13.079 meeting with Zolensky and Trump is pivotal, particularly for Zolensky. 0:13:13.160 --> 0:13:14.520 What should we be expecting today? 0:13:14.520 --> 0:13:17.000 Good morning, Good morning. Well, that's right. 0:13:17.040 --> 0:13:20.480 It's a really important meeting for vladimirs Lensky to be 0:13:20.559 --> 0:13:25.520 doing this in person with Donald Trump, ostensibly for the 0:13:25.520 --> 0:13:28.240 minerals agreement, but more broadly to be able to talk 0:13:28.280 --> 0:13:31.760 to Donald Trump about again what he feels he needs 0:13:32.640 --> 0:13:34.679 the US to be engaging on when it comes to 0:13:34.720 --> 0:13:38.240 the potential for a ceasefire in Ukraine and to be 0:13:38.320 --> 0:13:42.120 doing that directly, because the concern has been for some 0:13:42.200 --> 0:13:45.040 weeks now by Ukraine and Europe is that they're being 0:13:45.080 --> 0:13:47.920 cut out of the conversation and that Donald Trump is 0:13:47.960 --> 0:13:51.640 having these very directly with Russia, with the Russian leader, 0:13:51.679 --> 0:13:55.080 and then US and Russian officials have held several meetings 0:13:55.120 --> 0:13:57.960 of late to discuss this and other things in the 0:13:57.960 --> 0:13:59.439 bilateral relationship. 0:13:59.520 --> 0:14:01.640 And so, you know, is it. 0:14:01.200 --> 0:14:05.439 The risk that Russia and the US really themselves come 0:14:05.480 --> 0:14:07.440 to a deal and then present it to Ukraine. 0:14:07.520 --> 0:14:10.240 Is this is what a cease far is going to look like? 0:14:10.360 --> 0:14:13.040 And so that this is a real opportunity in a 0:14:13.080 --> 0:14:18.720 way for Vladimir Lynsky to present his case to Donald Trump, 0:14:18.720 --> 0:14:20.960 and against the backdrop of what's been a very very 0:14:21.040 --> 0:14:24.560 fraught relationship between the two of them of late. I mean, 0:14:24.600 --> 0:14:28.480 Donald Trump recently called Zlinsky a dictator, although he then 0:14:28.520 --> 0:14:32.000 seemingly walked that back again overnight. I say, he can't 0:14:32.000 --> 0:14:35.320 believe that that's how he referred to the Ukrainian president, 0:14:35.360 --> 0:14:38.200 but it does show again the level of direct tension 0:14:38.240 --> 0:14:39.160 between these two men. 0:14:39.560 --> 0:14:42.200 Yeah, just the fact that the President did sort of 0:14:42.240 --> 0:14:45.320 walk that just a little bit. Does that indicate that 0:14:45.400 --> 0:14:47.640 we could see a little bit more of a warming 0:14:47.760 --> 0:14:51.920 of relations when we have seen this almost rush to 0:14:52.120 --> 0:14:54.680 reach a deal between the US and Russia when it 0:14:54.680 --> 0:14:56.160 comes to Ukraine. 0:14:55.920 --> 0:14:57.960 Well, Donald Trump does like a deal, and he's got 0:14:58.000 --> 0:15:00.400 at least an initial deal here on the minerals side. 0:15:00.880 --> 0:15:03.840 It's not the exact terms of the US was initially 0:15:03.880 --> 0:15:08.200 pushing for, but it does stand to benefit the US 0:15:08.280 --> 0:15:11.440 economically and certainly gets them very much in the door 0:15:11.920 --> 0:15:15.160 on the vast mineral wealth and the energy wealth, and 0:15:15.200 --> 0:15:19.000 even the ports and infrastructure to some extent of Ukraine. 0:15:19.280 --> 0:15:21.600 And so Donald Trump be pleased to have an initial 0:15:21.680 --> 0:15:23.120 deal on that front. 0:15:23.120 --> 0:15:26.040 Perhaps that takes some of the pressure. 0:15:25.640 --> 0:15:28.440 Off, but either way, he has indicated he does want 0:15:28.440 --> 0:15:31.720 to cease FI on Ukraine sooner rather than later. He's 0:15:31.720 --> 0:15:35.720 talked about Easter, which seems to be not necessarily that 0:15:35.800 --> 0:15:39.200 feasible given all the moving parts that are involved. But 0:15:39.240 --> 0:15:41.680 you can imagine that even talking with Selinsky today is 0:15:41.680 --> 0:15:44.040 going to press him to get to the table very 0:15:44.120 --> 0:15:47.040 quickly for a direct conversation with the Russian president. 0:15:47.360 --> 0:15:49.680 Oh last thirty seconds Rose, it seems as though the 0:15:49.680 --> 0:15:52.120 pressure is on still though when it comes to trade. 0:15:52.160 --> 0:15:56.720 This talk of tariffs in effect by this Tuesday. 0:15:57.680 --> 0:15:59.960 Well, that's right, and so Donald Trump is keeping the 0:16:00.040 --> 0:16:03.120 pressure up in a bunch of places on tariff spit 0:16:03.760 --> 0:16:08.520 allies including Canada, but also adversis, including China where he's 0:16:08.520 --> 0:16:11.880 announced another ten percent on top of the initial ten percent, 0:16:12.080 --> 0:16:15.160 and still threatening Europe with twenty five percent. 0:16:14.840 --> 0:16:15.720 Tariffs as well. 0:16:15.840 --> 0:16:18.600 So clearly operating in the mode again that whether you're 0:16:18.640 --> 0:16:21.720 an ally and adversary that he's coming to you on 0:16:21.800 --> 0:16:24.720 the trade front. The question is do these things get 0:16:24.760 --> 0:16:28.000 extended again in terms of exemptions, do they get pushed 0:16:28.040 --> 0:16:28.840 back further. 0:16:29.160 --> 0:16:31.800 Do they get enacted? And that's really the unknown unknown 0:16:31.880 --> 0:16:32.200 right now. 0:16:32.480 --> 0:16:35.920 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:36.000 --> 0:16:39.000 making news from Wall Street to Washington and beyond. 0:16:39.280 --> 0:16:41.680 Look for us on your podcast feed by six am 0:16:41.720 --> 0:16:45.120 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:45.320 --> 0:16:48.160 You can also listen live each morning starting at five 0:16:48.200 --> 0:16:50.920 am Wall Street time on Bloomberg eleven three to zero 0:16:50.920 --> 0:16:53.840 in New York, Bloomberg in ninety nine to one in Washington, 0:16:53.880 --> 0:16:57.840 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:58.040 --> 0:16:59.600 XM Channel one twenty one. 0:17:00.040 --> 0:17:02.720 Plus listen coast to coast on the Bloomberg Business app 0:17:02.760 --> 0:17:05.560 now with Apple CarPlay and Android auto interfaces. 0:17:05.800 --> 0:17:08.840 And don't forget to subscribe to Bloomberg News Now. It's 0:17:08.840 --> 0:17:11.560 the latest news whenever you want it in five minutes 0:17:11.680 --> 0:17:14.800 or less. Search Bloomberg News Now on your favorite podcast 0:17:14.840 --> 0:17:19.000 platform to stay informed all day long. I'm Karen Moscow. 0:17:18.760 --> 0:17:21.320 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:21.359 --> 0:17:23.280 all the news you need to start your day right 0:17:23.320 --> 0:17:24.760 here on Bloomberg Daybreak