Pope Francis Dies; Hegseth In More Turmoil Over Signal Chat

Bloomberg Audio Studios, Podcasts, radio News.
Good morning.
I'm Nathan Hager and I'm Karen Moscow. Here are the
stories we're following today.
Karen, we begin this morning with breaking news from the Vatican.
Pope Francis has died. The Vatican's Cardinal Kevin Farrell says
the leader of the Roman Catholic Church passed away this
morning after Easter, a day after what would turn out
to be his final public appearance at Saint Peter's Basilica.
Pope Francis was the first pontiff from the Americas, the
first non European since the eighth century, the first Jesuit
to lead the Catholic Church, and from the beginning he
tried to embody the simplicity of his namesake, Saint Francis of.
A cisi, I would like a church for the poor.
Pope Francis spoke often on social issues. On gay priests,
he once said, who am I to judge? And he
once warned President Trump the mass deportations would end and badly.
Francis also tried to lift the veil on Vatican finances
and to atone for clergy sexual abuse. He called on
global leaders to end poverty through a fairer distribution of wealth.
We are also challenged to reflect on oh, well, we
are tists making our values to the next generation.
Paul Francis had been in the hospital for more than
a month back in February with bronchitis that progressed into pneumonia.
He had just met with Vice President j. D. Vance
yesterday at the Vatican. Paul Francis was eighty eight years old.
All right, Nathan, Well, we're going to turn back to
the US now and looking at politics. The US Defense
secretary once again facing criticism after sharing military details and
another signal chat and Bloomberg Scott Carr joins us with
more from Washington furs Hotel.
The New York Times, US Defense Secretary Pete Hegseth sent
military strike information in a private encrypted signal group chat
for a second time. Reports say that chat was created
by Hegseth and included his wife, brother, and personal lawyer.
Hegseth's personal lawyer man, his brother work for the Pentagon.
His wife is not a Defense Department official. The Times
reports the content included sensitive information about forthcoming strikes in
Yemen on March fifteenth, similar to the attack plans that
Hegseth shared in another reported signal chat where he included
the editor of The Atlantic. This report after a political
op ed from Hegseth's former spokesman, who says the Defense
Department has been overwhelmed by dysfunction and turnover during heg
Seth's tenure leading the Pentagon in Washington. I'm Scott Carr,
Bloomberg Radio.
Okay, Scott, thank you. Also weearing Washington. A draft executive
order is circulating among US diplomats that proposes a radical
reduction to and restructuring of the State Department. A copy
of the document seen by Bloomberg News shows that the changes,
if implemented, would be one of the biggest reorganizations of
the State Department since its founding in seventeen eighty nine.
The order would eliminate dozens of positions in the departments,
including those dealing with climate refugees, democracy, and Africa, as
well as the Bureau of International Organizations, which LIAS is
with the United Nations. A Secretary of State, Marco Rubio,
is calling the reported overhaul fake news. He said that
in a post on Acts.
Well Elsewhere in Washington.
Nathan Senator Chris Van Holland is defending the due process
rights of a migrant who was mistakenly deported from his
state to a notorious prison in his home country of
El Salvador. The Maryland Democrat appeared on all four Sunday
political shows heard on Bloomberg Radio after meeting with Kilmar
Abrego Garcia, including CBS, has Faced the Nation.
The Supreme Court of the United States and the other
courts have said that the administration has to facilitate his return.
As of right now, they are defiance of that court order.
They're not doing anything.
But White House Border Czar Tom Homan says the administration
is following the law, even after the Supreme Court blogged
the government from expelling migrants under the Alien Enemies Act,
and he was on EBA issues this week.
We have followed the constitution, we have followed law.
I am confident that everything we've done has followed laws
within the constitutional contracts.
Absolutely and again this week and Face the Nation can
be heard every Sunday on Bloomberg Radio.
Well, Karen, let's turn to the latest in the global
trade war. China is warning countries not to make deals
with the US that could harm Beijing's interests, and it's
threatening reciprocal countermeasures if they do. We get more from
Bloomberg's Menmnlo in Hong Kong.
This is clearly a warning from China that it's going
to watch these trade negotiations very closely. Anybody that under
China interest is going to face retaliation from China, and
of course we are watching very closely. The first to
go is Japan heading into that second round of trade
negotiations with Trump. It comes up the Presidency just finished
his Southeast Asian trip with a consistent message calling on
all of these countries to jointly oppose US.
Hegemony, Bloomberg's Minmnlo says, in an effort to counter some
of the US's recent moves, China has stepped up diplomatic
outreach to Southeast Asia and Europe well.
Nathan.
Vice President JD. Vans is in New Delhi, kicking off
a four day visit to India. The trip comes as
the US is threatening to increase that ten percent tariffs
on Indian exports to twenty six percent if no deal
is reached by the end of the ninety day pause
that Trump put in place earlier this month.
Trained Markets now Karen futures are lowered. This morning, the
dollars dropped to its lowest level since January of twenty
twenty four. The retreat comes after President Trump's criticism of
FED shair Jay Powell raised concerns over central bank independence.
Last week. The President posted on social media that Powell's
quote termination cannot come fast enough. Here's Chicago Fed President
Austin Goulsby.
There's virtual unanimity among economists that monetary independence from political interference,
that the FED or any central bank be able to
do the job that it needs to do, is really important.
And they came to that not as a theory, but
just by looking around the world at places.
Where they don't have monetary independence.
And the fact is the inflation rate is higher, growth
is slower, the job market is worse.
I was Chicago Fed President Austin Goldsby speaking on CBS's face.
The nation and gold is trading at a record this morning.
Right now, the shiny yellow medal is at thirty four
hundred and four dollars.
Announce Lonny fans and high profile CEOs sold big chunks
of company stock just before President Trump's tariff headlines started
really roiling financial markets in early April, Bloomber's and East
Peallygreeney has more meta platforms.
Mark Zuckerberg, Oracle softwra Cats, and JP Morgan's Jamie Diamond
among the insider sellers last quarter. Washington Service, which tracks
insider buying and selling, says Zuckerberg sold seven hundred and
thirty three million in meta shares last quarter through his
Chen Zuckerberg initiative. In January and February, when metas stock
was still trading above six hundred bucks a share and
close to its Valentine's Day peak, Cats unloaded seven hundred
five million in shares before Oracle stock fill more than
thirty percent, and Jamie Diamond cashed out of about two
hundred and thirty four million dollars in his company shares.
And the sales come even as insider selling drop sharply
in the quarter from a year ago. Denise Pellgrityloomberg Radio.
All right, Denise, thank you, and runners are gearing up
this morning for the one hundred and twenty ninth Boston Marathon.
The world's oldest marathon, kicks off this morning on the
two hundred and fiftieth Patriots Day in Boston. This annual
race is one of six World Marathon Majors. The twenty
six point two mile race stretches from Hopkinton, mass To Boston.
And it's time now for a look at some of
the other stories making news in New York and around
the world. And for that we're joined by Bloomberg's Michael Barr. Michael,
Good Morning, Good Morning Karen.
The Trump administration and New York a clashing over the
city's controversial congestion pricing program. It's being closely watched by
other cities across the country. The federal government issued an
Easter Sunday death line to end the nine dollars toll
being placed on drivers entering the busiest part of Manhattan.
The governor pushing back, saying traffic is down, business is up,
and the cameras are staying on. However, President Trump is
vowed to kill the program. The dangerous weather event slamming
the Heartland during a busy holiday weekend. More than a
dozen were reported of tornadoes and flooding in northern Texas
and southern Oklahoma. In the last twenty four hours. Three
people were killed in Oklahoma. The violent weather is bringing
about a sense of deja vous for folks in the
town of Ada. That's where a tornado touchdown two months ago.
This man runs a hotel and connecting donut shop, which
took a hit, this time around a.
Person who'd been hit.
It never been me?
Did happened to be me?
This?
So it's hot.
About thirty guests had to be relocated today. In El Paso,
the gunman who killed twenty three people in a racist
twenty nineteen attack targeting Hispanic shoppers at a wall mart
is expected to plead guilty to capital murder in state
district court. The plea allows the gunman to avoid the
death penalty. Finally, the head of the EPA defended the
freezing of billions in federal environmentally climate grants. EPA administrator
Lee Zelden says he has zero tolerance for any waste
and abuse.
Had the alarm raised.
When Biden EPA political pointing in December, was on video
saying that they were tossing gold bars off the Titanic,
rushing to get billions of dollars out the door before
Inauguration Day.
Zelden spoke on CBS's Face the nation heard Sundays on
Bloomberg Global News twenty four hours a day and whenever
you want it with the Bloomberg News now Michael Barr,
and this is Bloomberg Karen.
All right, Michael Barr, thank you. Time now for the
Bloomberg Sports Update. Here's John Staneshawer, John, good morning.
Good morning, darn match free off to a terrific starts.
The Yankee career is four and oh Is era is
one point four to two at Sampa Bay. Took a
no hitter to the eighth inning, then he didn't an
unusual end to a no hitter. Bit here's that what
sounded on the Yes Network.
The official scorer here Hot Steimer to field and man
by the name of Bill Matthews has changed the Simpson
e three into a hit while the Yankees are in
the dugout. Just unfathomable either you call it when it happens.
You don't wait three innies to go by. It's it's
just unbelievable.
In the sixth inning and the race speedster Chandler Simpson
in a ground ball the first phase Rulden error on
Paul Goldsmid. Replays indicated Simpson would have gotten a hit
even had the ground or not been booted as it
turned out to raise Jake Magnum single the lead off
the eighth inning. Yankees hit three home runs. They blanked
the race four to nothing. The Mets beat the Cardinals
seven to four to finish a four game Sway. Francisco
Lindor lead off home run. He had three hit score
three times. The Mets are now nine and one at home.
Now they got playoffs. The Devils lost Game one at
Carolina four to one. Toronto beat out of a five
to two Vegas over Minnesota.
Four to twos.
The home teams won all three one round team did
win in the NBA Golden State ninety five eighty five
at Houston. Steph Curry scored thirty one home wins for Boston, Cleveland,
and Oklahoma City. The Thunder crushed Memphis by fifty one,
the fifth most lopsided game in playoff history. Okay see
at one point at a twenty to nothing wrong. The
Nicks in Game one had a twenty one nothing run
on the fourth Gordon. They look to go up to
nothing on Detroit in tonight's Game two at the Garden.
John stash Allen Bloomberg Sports.
Coast to Coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning, I'm Nathan Hager, and the word has come
from the Vatican this morning. Pulp Francis has died on
this day after Easter Sunday. The eighty eight year old
Pontiffs being remembered for his calls for a more compassionate
Catholic Church and for his focus on reducing poverty, as
in this speech to a joint session of Congress nearly
a decade ago.
It can be fulfilled source of prosperity from the area
in which it operates, especially if it is the creation
of jobs, and.
That was Pope Francis in Washington back in twenty fifteen.
This morning, we were joined by Bloomberg News Senior editor
Bill Ferries. As the world wakes up this morning, Bill
to this news that Pope Francis has passed.
Good morning, Good morning, Thanks for having me, Navan.
So the Pontiff has, as we say, he has passed away,
but he is going to be remembered for bringing a
much different dynamic to the Catholic Church, isn't it.
Yeah, that's right. I mean, he was first of all
he was a historic figure just his naming he was.
He's the first pope from the Americas, coming from Argentina.
He was the first Jesuit to hold that position, and
he became pope following the abdication of Pope Benedict the
sixteenth so on all of those really historic nature to
his tenure. And I think in contrast to Pope Benedict,
he really brought kind of an easy going, joyful approach
to the posts that won over a lot of non Catholics.
Frankly, is it going to be an impression that is
left more permanently? Do you think with the Catholic Church
that kind of aspect that he brought a more joyful approach,
a more compassionate approach.
Well, you know, I think, just like in politics, you have,
the politics of the papacy kind of go from one
direction to the other. Would be very interesting to see
what follows or who follows this pope. There's usually a
conclave that would take place to choose the next pope
within a two to three week period, and really will
that will have some determination on the legacy that this
pope is seen as having. Of course, he inherited some
of the challenges that every pope in the modern era
has inherited, including the dealing with the allegations of sexual
abuse against a children. He also inherited finance problems that
came with the Vatican Bank, and those are all issues
that will his successor will be seen as having to
deal with. But in terms of the longer term legacy,
I think we're going to need more time to know.
He was the pope for twelve years. He did some things,
showed a compassion. I think that is kind of typical
of the Jesuit order. That we'll have to see whether
that's the approach his successor also decides to embrace.
So you would have to think that, given the illness
that he had suffered over the last several months, and
the health issues that he had had throughout much of
his papacy, that there has been some groundwork laid for
name being a successor. How do you expect that to
go in our last thirty seconds or.
So, Well, yeah, he's been he's been very ill for months.
So I think at least some of the speculation about
who might succeed him, where they might come from, what
kind of a person might be the next pope has
been out there, but I think as we saw, Pope
Francis wasn't chosen until the fifth round of voting in
twenty thirteen, and a lot of things happened. He did
not expect to become pope, so perhaps his successor is
also not thinking that he will be chosen.
This is Bloomberg day Break, your morning podcast and the
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