Ukraine Peace Deal Hopes Fade; Trump Says U.S. Close to Iran Nuclear Agreement

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 with the latest developments to end the
war in Ukraine. Top Us and European diplomats are gathering
in Turkey, but hopes are fading for any major breakthrough.
Ukrainian President Vladimir Lensky is due to meet with Turkey's
leader retch of Type Ertawan, but Russian President Vladimir Putin
will not. Here's NATO's Secretary General Mark Rutta.
Russia sending only a lower level delegation now to Turkey
to these peace dogs. It is Ukrainians. We sat vire
ready to sit down with the Russians to agree to
cease fire, to immediately go into negotiations about the next
steps to bring this terrible war.
To announce it was NATO's Secretary General Mark Ruta, and
in remarks heard live on on Bloomberg Radio, President Trump
said he will also not attend.
He talked about it in Doha this morning.
I was thinking about going, but it's very tough because
of what we're doing today and tomorrow. But you know,
if something happened. I go on Friday if it was appropriate.
But we have people right now negotiating.
President Trump also says the US is close to reaching
a nuclear deal with Iran, and.
You probably read today the story about Iran has sort
of agreed to the terms. They're not going to make
out I call it, in a friendly way, nuclear dust.
We're not going to be making any nuclear dust in Iran.
The president, referring there to an NBC News report that
Iran would be willing to commit not to have nuclear
weapons in exchange for sanctions relief. President Trump says he
does not want to have to take a violent step
if negotiations don't work.
Thinking the President also touched on trade negotiations with India.
He says that country's made a dramatic off.
For India's the highest, one of the highest tariff nations
in the world.
It's very hard to sell into.
India, and they've offered us a deal. We're basically they're
willing to.
Literally charge us no tariff.
President Trump also said he told Apple CEO Tim Cook
not to build in India that Apples agreed to expand
production in the US. Apple had been shifting manufacturing to
India from China to supply the US market.
Nathan, US and Chinese officials met for trade talks in
South Korea, just days after both sides met in Switzerland
and agreed to pause some tariffs for ninety days. Here's
Treasury Secretary scoun bessend.
We're going to go into a series of negotiations. They're
going to be fulsome and we have a lot.
To talk about.
But I think over the next ninety days we can
accomplish a lot.
Treasury Secretary scoun Besson, speaking earlier this morning in Doha.
Bloomberg News has learned Trade representative Jamison Greer met with
China's chief trade representative in South Korea this morning.
Let's turn two markets now, Karen and some company. News
word this morning that United Health is facing a criminal probe.
Let's get the very latest from Bloomberg's John Tucker. Good morning, John,
Good morning, Nathan.
The Wall Street Journal reports the Justice Department investigating United
Health Group for possible criminal Medicare fraud. The paper signing
sources is saying this has been an active probe since
at least last summer. You'll recall that earlier this week,
the CEO Andrew Whitti was suddenly replaced. It adds to
a long list of problems. The company's facing investigations of
potential anti trust violations and a civil investigation of its
medicare billing. What's more, the Trump administration looking to cut
federal health spending, and that is a key source of
United Health success. Of course, nobody can forget. One of
its executives was gunned down in Manhattan, leading to an
online surge of support for the alleged shooter. The company
is the worst performer in the down so far this year,
down thirty nine percent, and at Premi market trading right now,
the shares they are down close to five percent in
New York. I'm John Tucker, Bloomberg Radio.
All right, John, thank you well. Retail also in the
spotlight this morning. Bloomberg News has learned Dick's Sporting Goods
as an advanced talks to buy Footlocker for twenty four
dollars a share. The acquisition would bring together two companies
with different business models, with Footlocker operating twenty four hundred
smaller stores globally and Dick's operating eight hundred big box
stores in US suburbs and shares a footlocker surging this morning,
up sixty nine percent.
And we'll get earnings Karen from a retail giant Walmart
this morning. We get a preview now from Bloomberg's Tom Busby.
The key for investors is whether customer spending has changed
amid the uncertainty around the Trump tariffs, and whether that
uncertainty has brought the retail or any new customers looking
for lower priced goods. Of notes, Walmart makes about half
its revenue from groceries, which are largely immune to those levees.
Same store sales in the US expected to be nearly
four percent higher comp sales that It's Sam Club Warehouse
stores should be up nearly five percent. Bloomberg consensus calls
for revenue of one hundred and sixty six point zero
two billion dollars on adjusted earnings of fifty eight cents
a share.
Tom Buzzby Bloomberg Radio, Tom, thank you.
The Walmart earnings are due out at seven am Wall
Street time. Then not e minutes later, we'll get the
April reading on retail sales. Economists are looking for sales
to be unchanged, and Bloomberg's Michael McKee has a preview
it's one.
Of the few data points with relevance in this waiting
on Trump's tariffs period. Sentiment surveys have shown an increasingly
depressed consumer for the FED and retail investors. The question
is whether attitude translates to action. The consensus forecast suggests
not yet. Car sales pulled forward earlier this year by
tariff threats likely slowed, but clothing and other consumer goods
likely rose as consumers look to front run Trump's import taxes.
So this report will get noticed. Michael McKee Bloomberg.
Radio, Mike Thanks and investors are also going to be
looking for clues on the future of interest rates. FED
chair Jay Powell speaks about the economy at a conference
before this morning's opening bell Nathan.
Billionaire Steve Cohen says the chance of a recession in
the US now stands at about forty five percent. The
founder of Hedge fun Points seventy two Set Management says
he does not expect the FED to cut rates right
away because quote, they are going to be worried about
inflation from tariffs. Coined me the comments of the Sowne
Investment conference in New York yesterday.
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. More testimony from Cassie Ventur, the ex
girlfriend of Sean Diddy Comb's in the federal government sex
trafficking and racketeering case against the music mogul. Ventura says
Combs forced her to record encounters with multiple male escorts
and using the humiliating footage as leverage. Ventura testified she
was trying to escape a sex encounter at the Los
Angeles Hotel in twenty sixteen when Combs was called on
security cameras running down the hall, knocking her down and
kicking her. Ventura will testify for a third day this morning.
Governor Kathy Okle announced that inflation refund checks up to
four hundred dollars will be sent this fall to eight
point two million households across New York State. Local says
she's fighting to help families address the rising cost of
living and groceries.
You just look at it every single week and think
the prices are going up and my paycheck is not.
Opponents wanted a more robust rainy day fund for the state.
Two New York Republicans, Nicole Meliatakis and Nick Lolota, signaled
that the cap on the state and local tax deduction
may rise to as much as eighty thousand dollars gield PEE.
Lawmakers from high tax states demand a boost in exchange
for their votes on President Trump's tax package. The bill
sets the cap at thirty thousand dollars right now. Lalota
on Bloomberg's Balance of Power says, though that's not enough.
We got to go back home and sell this at
a low thirty k cap when unlimited would come at
the end of the year.
If this bill expires, wouldn't be sufficient for my constituents.
The current ten thousand dollars salt cap expires at the
end of the year. The US approved the sale of
three hundred four million dollars worth of missiles to Turkey
as the NATO allies work to strengthen trade and defense ties.
The EPA said that it plans to weaken limits on
some forever chemicals in drinking water that were finalized last year.
Emilynovan is the co founder of Clean cape Fear called p.
Fast pfas polyfloral apple substances.
But we also refer to them as forever chemicals because
they tend to lift forever and there's no proven safe
disposal method.
The Biden administration set the first federal drinking water limits
for p fos, finding they increase the risk of certain cancers.
Global News twenty four hours a day and whenever you
want it with Bloomberg News Now Now Michael Baharn, this
is Bloomberg Karen.
All right, Michael Barr, thank you. Time now for the
Bloomberg Sports Update. Here's John Stafshower. John, Good morning, morning, Karen.
Knicks fans have been waiting twenty five years to see
their teams play in the conference finals. They have to
wait at least a couple more days. The next finally
lost a road playoff game. They've been five to oh
The Celtics state alive one twenty seven to one oh two.
Combined sixty points by Derek White and Jalen Brown and
backup center Luke Cornett, give an extra playing time due
to the Jason Tatum injury, had ten points, nine rebounds,
and seven block shots in defeat.
Josh Hart had his.
Best game led the Knicks with twenty four It's now
three to two, Knicks going back to the Garden for
Game six tomorrow. Minnesota, going back to the West Finals,
beat Golden State for a fourth straight time. One twenty
one one ten. Last year's Stanley Cup Final was Florida
against Edmonton. Both won on the road. The Panthers six
to one in Toronto, got up three to two in
the series the Oilers in Vegas. The game was scoreless
for sixty seven minutes. Hot colze On's tricidle sets up
your shoot same.
Day by help, he doesn't see.
That's on the go, Lotston, that's over.
The series is over, dude, mixed dollarshit it ain't over
time ESPN.
Edminton wins the series four to one.
The Yankee road trip ended with a three to two
winning Seattle thanks toing Aaron Judge the eighth inning home run,
his fifteenth, and Judge goes to the start of the
Subway series tomorrow with a four to twelve batting average.
That Mets go went off a four nothing home loss
to Pittsburgh. The Nationals ended their seven game llusion streak
five to four in Atlanta. The Red Sox lost to
the ninethe inning in Detroit, six to five, The Tigers
have the best record in baseball. The Giants learned their
season will not begin easily in Washington. In Dallas, then
the home opener a Sunday night game with Kansas City.
The Jets opened at home with Pittsburgh, so they could
very well be facing Aaron Rodgers.
The one hundred and.
Seventh PGA Championship. T's off today in Charlotte. For our
listeners in New York, Boston and DC, be live coverage
after the Globe Bellum on all weekend long on Bloomberg Radio.
Jobs to actually our Bloomberg Sports Karen.
Nathan coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning.
I'm Nathan Hager on a morning where prospects for a
breakthrough between Russia and Ukraine and their more than three
year war may be fading. Foreign ministers are meeting in
Turkey for those talks, but Russian President Vladimir Putin is
sending only a low level delegation. President Trump, for his part,
is sounding hopeful on that and other tension points.
Would like to see it end, and I think we're
gonna have a chance of doing it, and would like
to see a week to solve the Iran problem in
an intelligent way as opposed to a brutal way. There's
only two intelligent and brutal. Those are the two alternatives.
That was President Trump speaking at a meeting of business
leaders and caught her herd live on Bloomberg Radio this morning.
We're joined by Roslind Mathis and Bloomberg News Trek for Europe,
the Middle East and Africa.
Roz, thanks for being with us.
What are the chances for a breakthrough in Turkey when
we don't have President Putin apparently coming to meet with
President Zelenski?
Good morning, Good morning.
Yes, well, there are parallel meetings that could be going
on in Turkey. I mean today we do have the
Ukrainian President, Vladimirslinsky. He's going to be meeting with the
Turkish president Erdawan. Separate to that, there was the expectation
of this meeting between Russian and Ukrainian officials, and we
know that Russia is sending only what you'd have to
describe as a fairly low level delegation. Excuse me, to
attend these talks, a former negotiator who was involved back
in twenty twenty two, but not even the Foreign Minister
serge Lavrov in town for that so far, it seems,
And so what are those talks possibly going to achieve
without a higher level of representation. Certainly the Russian officials
there can't sign off on any kind of parameters around
a ceasefire. There's a lot of pressure, obviously from the
US and elsewhere on Russia to agree to at least
a thirty day cease fire. Maybe the conversation today sets
us on the path towards that, but without the Russian
president there in person, because really all of the decisions
about where Russia goes in this war with Ukraine are
made by Vladimir Putin himself. If he's not there to
lead those conversations, then it's unclear what kind of progress
we're going to get.
And we're getting.
Indications this morning from the Kremlin, from the Kremlin spokesman
Dmitri Peskov, who gave what had to be described as
a negative response when he was asked about whether there
was a chance that Putin might still show up in
Turkey today or tomorrow. So it doesn't seem at this
stage like that's on the table, but of course he
US President Donald Trump has dangled the possibility that he
could duck over to Turkey at some point, possibly tomorrow,
if Vladimir Putin were to change his mind.
The impression that President Trump seemed to give in some
of his comments was that Putin might not be coming
to Turkey because President Trump might not be able to
fit that visit of his own on his schedule. Is
that the impression that European leaders seem to share from
the conversations that are coming out of Turkey.
Now, well, Donald.
Trump does have a busy schedule, and he's been in
the Middle East for several days, and there's been a
blizzard of deals and meetings involved in that, and obviously
he's due to a return. But this is one of
the biggest things on Donald Trump's.
To do list.
His priority list is to get a cease far in Ukraine.
And no doubt if the Russian president said he was
going to turn up in Turkey, that Donald Trump would
divert his plane and turn up in Turkey, possibly tomorrow,
maybe even come back to Turkey on the weekend. I mean,
for Donald Trump, this is a really important thing. But
the question is does Vladimir Putin want to do that,
especially when the Ukrainian president is in town, because you
imagine the choreography for the preferred choreography for Vladimir Putin
is for him to first meet one on one with
Donald Trump and to have that conversation and those meetings
directly and not have z Linski in the room, and
then perhaps at some point it becomes a three way conversation.
But you'd imagine that Vladimir Putin would see himself as
first wanting to knit things off with Donald Trump, and
that makes again the possibility of a meeting today or
tomorrow less likely.
This is Bloomberg Daybreak, your morning podcast on the stories
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