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Good morning, I'm Nathan Hager and I'm Alexis Christophers. Alexis will have the latest developments in the Iran War in a moment where we begin with a major developing story on Capitol Hill. After six weeks of both sides digging in, the Senate has passed a bill to end the Department of Homeland Security shutdown. Majority Leader John Thune made the announcement just after two in the morning Wall Street Time.
Just a few minutes ago, Republicans funded Department of Homeland Security piecemeal.
It's not the way to fund the department.
Majority Leader John Thune spoke on the Senate floor, and we get more from Bloomberg Deputy Washington Bureau Chief Laura Davison.
This bill would essentially extend government funding for most of the Department of Homeland Security, with the exception of ice and border patrol, those sort of being the two most controversial pieces that will will continue to be agotiated in Congress. I'll note this is just one step in a process. This build needs to go to the House next and then Donald Trump's desk for signature. So this is still something that is tenuous and could take us several more days, if not a couple of weeks.
Bloomberg's Lord Davison reports President Trump had said he would sign an executive order to pay TSA workers before the Senate vote. Democrats are now poised to walk away from the shutdown debate with the immigration reforms they wanted left behind, while Republicans face a high stakes fight to fund their immigration agenda through a partisan budget bill.
And now to the latest on the Iran war. President Trump is once again pushing back his deadline for Tehran to reach a deal with the US. In a social media post, the President said he'll hold off on attacking Iran's energy infrastructure for ten days. At White House Cabinet meeting heard live here on Bloomberg Radio, the President said talks are going very well and the US war effort is extremely ahead of schedule.
They are begging to make it the numme.
They're begging to make it down and anybody that saw what was happening over there would understand why they want.
To make it.
You, President Trump there at the White House. Bloomberg Middle East correspondent Jumani Bersecci reports it's still unclear who the US is talking with a lot of.
This is rhetoric, but what we do know is that there are no physical meetings that have been decided on yet, and Pakistan have been put forward as a key mediator in that regard, but nothing has been confirmed. And yet the language that continues to come out of Iran is one of defiants. They seem to not be in the mood of compromising and continue to strike back.
And Bloomberg's juwmanni Bersecci reports the extended deadline also gives the US more time to build up forces. The Wall Street Journal is reporting the Pentagon is considering sending up to ten thousand additional troops to the Middle East.
Alexis UK Prime Minister Kiir Starmer says he won't be bullied by President Trump and won't change his mind due to pressure from the president.
Starmer spoke with Sky News.
I have clear I'm not going to join the war. There's a clear difference therefore of opinion between me and President Trump. My own view is that a lot of what is said and done has been to put pressure on me to change my mind, but I'm not going to do so because I'm the British Prime minister, and I have to act in the British national interest.
British Prime Minister Kirs Starmer has been repeatedly insulted by President Trump. He says Starmer has made a big mistake, and.
Ukrainian President Vladimir Zelenski is seeking to offer his nation's anti drone expertise in exchange for defense support during a surprise visit to the Gulf region. The offer comes on news Ukraine risks running out of money to pay for its defense against Russia within two months. According to estimates shared by both domestic and foreign officials, Kiev currently has only enough funds to cover spending until June Nate.
This morning, Alexis Secretary of State Marco Rubio's in France meeting his group of seven foreign minister counterparts. This comes just hours after President Trump complained bitterly about NATO countries not stepping up to help the US and Israel in the Iran War. Rubio may have a hard time trying to sell the other diplomats on the US strategy. Almost all nations have raised objections to it.
Two one hundred dollars oil. McCory group says that's the price it may hit If the Iran war drags on until June, the conflict has seen to run oversee a near complete closure of the Strait of Horne moves. Brent crude is on pace for a record monthly gain in March. Checking right now, it's about one hundred and ten dollars. The barrel and futures are mostly unchanged as we close out the treating right now, SMP futures down just fractionally,
or about eight points lower. Yesterday, stocks suffered their worst law since January. The S and P five hundred fell one and three quarters percent. The tech heavy Nasdaq one hundred slid two point four percent.
We may be seeing tensions escalate between the US and China. This morning Alexis, China's Ministry of Commerce says it's begun to trade investigations against the US.
They involve supply chains and renewable products.
Its retaliation to US trade probes ahead of an expected presidential summit in Beijing in May.
And three FED officials are expressing growing concern over the economic outlook due to the Middle East war. FED Governor Lisa cooks as the spike and oil prices means inflation is now a bigger concern than the labor market.
I see the balance risks as being largely on net in balance, but I would argue that the inflation risk is greater right now as a result of the Iran war.
FED Governor Lisa Cook made those comments yesterday in a speech in Connecticut. Two of her colleagues, FED Governor Michael Barr and FED Vice Chair Philip Jefferson say they preferred to keep rates on hold while they assess the length of the conflict and its impact on energy prices.
Big news in the tech space this morning, Alexis Andthropics won a court order blocking a Trump administration ban on government use of its artificial intelligence technology. Federal judge put that order on hold for seven days so the government has a chance to appeal. The judge, though questioned the rationale for the band, saying it did not appear to be directed at national security interests and instead seem designed
to punish Anthropic. The Claude chatbot maker argues the ban could cost it billions of dollars in lost revenue, and in.
Another development, Nathan Bloomberg News has learned Anthropic is considering going public as soon as October. The move comes as the artificial intelligence company races with rival Open Ai to hold an IPO. According to the information, a listing could raise more than sixty billion dollars.
And get this, Alexis, we may be closing in on a deal. In the booze industry. Pernaul Recard and Brown Foreman, the owner of Jack Daniel's Whiskey, are discussing a merger as the alcoholic drink companies look at ways to consolidate amid an industry downturn. A combination would bring together Pernault's top sellers like Martel Koonyak, Jamison, Irish Whiskey, and Absolute Vodka, with Brown Foreman's Whiskeys and other brands including Heradura Tequila.
Time now for a look at some of the other stories making news in New York and around the world. For that, we're joined by Bloomberg's John Tucker, John, Good Morning and Good Morning.
A lisis the Department of Justice investigating medical school admissions policies at Stanford, Ohio State the University of California at San Diego over possible racial discrimination. This is part of a campaign by the Trump administration to reshape higher education. The colleges facing requests from the agency's Civil Rights Division for data including medical school applicant test scores, ties to donors,
and internal university communications. Donald Trump's signature will appear on future US paper currency to mark the two hundred and fiftieth anniversary of the country more that's the report from Bloomberg's Matt Piper.
It's a first for a sitting president. Treasury Secretary Scott Besson says there is no more powerful way to recognize the historic achievements of our great country and President Donald J.
Trump.
Then US dollar bills bearing his name. Until now the US currency has born the signatures of the Secretary and the treasure The move comes as Trump has put his stamp on America's semi quincentennial this year, like planning a UFC fight at the White House.
Matt Piper Bloomberg Radio.
Another close call, and the latest in a string of incidents involving helicopters and commercial passenger jets, A Blackhawk helicopter crossed in front of the United Airlines plane landing at John Wayne Airport in southern California. The FAA telling Bloomberg it's investigating the event, which happened Tuesday night, and the runway We're A plane collided with a fire truck at Laguardi Airport, killing the two pilots and injuring several others.
Has now reopened. The Port Authority of New York and New Jersey says the tarmac resumed operations out of the runway and a related infrastructure were repaired. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and they see is Bloomberg Alexis.
Thanks Gon time now for our Bloomberg Sports up. For that, we bring in John stash Hour.
The NCAA Tournament is back at Iowa is still alive. The ninth seed in the South had the upset of top seed at Florida and then beat Nebraska seventy seven to seventy one, and then Illinois with an upset win over Houston in the West Region and San Jose Purdue scored with less than a second to go for a two point win over Texas. Arizona won easily over Arkansas, LSU hiring Will Wade as its new coach. He was their former coach and they fired him after improper benefits that are now legal.
That's your Bloomberg Sports Update. Stay with us. More from Bloomberg Daybreak coming up after this.
Coast to coast on Bloomberg Radio, nationwide on Sirius XM, and around the world on Bloomberg dot Com and the Bloomberg Business out This is Bloomberg Daybreak.
Good Morning on Nathan Hagar.
On day twenty eighth of the war with Iran, President Donald Trump says he's giving Tehran ten more days to reach a deal and announce the extension on social media after telling a cabinet meeting talks with Tehran are going very well.
They now have a chance to make a deal, but that's up to them, and they'll tell you we're not negotiating.
We will not negotia. Of course, the negotiation and they've been obliterated.
President Trump and a White House Cabinet meeting heard live on Bloomberg Radio this morning. We're joined from Dubai by Bloomberg Middle East correspondent Jumana Bursecci, anchor of Bloomberg Horizons, and President Trump may be begging the question there, Jumana, is Iran negotiating?
Good morning, Good morning.
Well, the rhetoric and I say, I emphasize the word rhetoric. The rhetoric coming through from Iran now suggests that they are not negotiating, and in fact, the Iranian Foreign Minister and Starts Erekshi gave an interview to Iranian State TV nonetheless saying that they are not negotiating with the US, either directly or indirectly, but that messages had been passed to them from Pakistan and this is something that lines
up with our own reporting. And so at this point it is unclear what is going on behind the scenes. The rhetoric, as I say, continues to remain one of defiants. They are showcasing that they're not in the mood to compromise. Still, and it is day twenty seven of this war. The attacks and counter attacks are ongoing. Overnight, more military strikes conducted, joint military operations between US and Israel over key sites in Tehran Isfahan industrial city, of course, and in retaliation,
more projectiles being launched towards key Gulf states. So really no signs that things are letting up as we get into the weekend.
Okay, so obviously though, now the president's deadline for going after Iran's energy infrastructure that was due to expire tonight is extended another ten days, what could that mean over the next week and a half.
So the short term reaction is one of relief, I would guess for the region, because it just pushes back the prospect of a potential strike on Iranian key infrastructure and the potential reprisal on GCC civilian infrastructure return by another ten days. But at the same time, I think, because there's a lot of skepticism about the real chance for a diplomatic breakthrough over the coming days, there is a feeling that perhaps this is just a time buying
exercise coming through from the US administration. At the same time, we hear of these reports of more military troops and marines being sent to the region should be mobilized in the coming days, and that sort of implies that perhaps a ground combat operation may maybe in the works as.
Well, And that raises a question as well about what a ground operation could lead to and whether the four to six week timeline that President Trump has said he is extremely ahead on can continue.
Yeah, absolutely so if you look at if you just look at the logistics of it, from what we understand, the first marine expeditionary unit should be arriving in the coming days, so that is literally a matter of hours from now should arrive to the region. There's another unit that is also set sail a week ago and that is expected to arrive mid April, so it's still going to take some time for the extra reinforcements to arrive.
We were also earlier in the week reporting that the Pentagon perhaps had instructed their eighty second Airborne Division as well. And this is typically a division you would only use if you need an expeditious arrival of troops. They can
be mobilized very very quickly. But we were speaking to a former veteran one of them earlier on today and he said that the goal for deploying this eighty second Airborne Division wouldn't necessarily be to take over a full territory or even go in on the ground in Iran. It would be actually targeted at smaller lands, perhaps even some of those smaller islands that are close to the
Strait of Hormers. This is all speculation at this point, I should say, but the point is that if these troops are going to be mobilized, there's a high chance that the objective would be to somehow work towards reopening the straits and removing the threads that face tankers should they want to pass through the street.
This is Bloomberg Daybreak, your morning podcast on the stories making news from Wall Street to Washington and beyond.
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And I'm Nathan Hager.
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