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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 on efforts to resolve the war with Iran. President Trump has gotten his national security team together to discuss the latest proposal.
From Tehran for an interim deal.
Here's White House Press Secretary Caroline Levitt the proposal.
Was being discussed.
I don't want to get ahead of the President or his national security team.
What I will reiterate is that the President's read lines with respect to Iran have been made very very clear.
Press Secretary Caroline Levitt spoke at a White House news conference heard live on Bloomberg Radio. Bloomberg's Jumana Borsecci has more on what Iran is proposing.
That involves a mutual lifting of the blockades that are around the Strait of Hormas right now, So not just Iran lifting their bookade, but the US as well lifting THEIRS.
In turn.
Iran also asking for reparations and guarantees that the US are not going to strike again. But crucially here a deferral of negotiations around the nuclear file.
Sloomberg Middle East corresponded Jumana Borsecchi in Dubai. Secretary of State Marco Rubio told Fox News that Iran's offer is better than what the White House thought they'd submit, but the White House says Tehran still cannot be allowed to build a nuclear weapon.
Well Nathan criticism of the US from a world leader. Germany's Friedrich Mertz says the US had been humiliated by Iran.
Yeah, kennim omni figure.
At the moment, I can't tell what strategic exit the Americans are pursuing, especially since the Iranians are obviously negotiating very skillfully, or perhaps very skillfully refusing to negotiate and then letting the Americans travel to Islamabad only to send them back without any results. An entire nation is being humiliated by the Iranian leadership, especially by the so called Revolutionary Guards.
Germany's Friedrich Mertz, speaking through an interpreter. Europe's leaders are increasingly criticizing President Trump, who has suggested he might leave the NATO alliance.
With Karen Uk and US relations have also been strained. That is the backdrop as King Charles the Third continues his state visit to Washington. Let's get the very latest from Bloomberg's Tiwa auto bio in London.
Good morning, Tiwa, Good morning, Nathan and Karen King.
Charles the Third is set to embrace some of Washington's most formal ceremonial trappings today as he tries to emphasize the bond between the United Kingdom and the United States. It's the monarch's first visit to the country since ascending to the throne, and it takes place amidst fraught relations between the two countries due to disagreements over the war in Iran. He'll be accompanied by Queen Camilla and will become the first British sovereign to address the US Congress
since his mother, Queen Elizabeth in nineteen ninety one. But not everything that will be plain sailing during this four day visit. Charles has faced some calls to meet with victims of Jeffrey Epstein whilst he's in the US. There's no indication that he will do so, and that's even as the scoundal involving the convicted sense offender has ensnared his brother Andrew, who was arrested in February over misconduct allegations which he does deny. In London, Team Adabaya, Bloomberg Radio, all.
Right, Tiva, thank you. The suspect in the shooting at the White House, correspondent to dinner over the weekend, is being charged with trying to kill President Trump and Bloomberg. John Tucker joins us with the very latest, John, Good Morning.
Good Morning Karen. A criminal complaint says suspect Cole Allen vowed in a lengthy letter to go after administration officials quote targets prioritized from highest ranking to lowest. The acting Attorney General Tom blanche laid out the most serious charge.
The first count is a tempted assassination of the President of the United States.
This count is punishable by up to life in prison.
The sunspect's letter doesn't actually name President Trump at any point directly, but he does express a list of grievances about the administration's policies. The suspect appeared in court flanked by two public defenders. According prosecutors, Allan spent years acquiring an arsenal. What arrested, he had a shotgun, a pistol, and three knives. His attorney said he has no prior rests or convictions John Tucker Bloomberg Radio.
Okay, John, Thanks.
The shooting at the dinners sparked a renewed push for President Trump's White House ballroom, and now some key Republican Senators are pushing to pay for the project with taxpayer funds. They include Senate Budget Committee Chairman Lindsey Graham.
The times in which we live are unusual.
I've been up here for for a while now, I've never felt the sense of threat that exists today.
Senator Lindsay Graham's bill would authorize four hundred million dollars to pay for the ballroom, with revenue from customs fees as well as private donations. Housman Arti leader Jakim jeffries Is called the ballroom a vanity project and says Congress should focus on the cost of living, the Iran War, and President Trump's immigration crackdown.
Nathan, there is controversy once again involving Late night host Jimmy Kimmel and the First family. Both President Trump and First Lady Malania Trump are calling on ABC to fire Kimmel for a joke he made a few nights before the White House Correspondents Dinner. The comic described the First Lady as having quote the glow of an expectant widow. Kimmel says the barb was in reference to the age difference between the President and the First Lady.
Obviously was a joke about their age difference and the look of joy we see on her face every time they're together. It was a very light, roast joke about the fact that he's almost eighty and she's younger than I am.
It was not, by any.
Stretch of the definition, a call to assassination.
And Kimme previously found himself in hot water for controversial comments he made after the assassination of conservative political activists Charlie Kirk in September. The earnings and focus in Europe, and we go to London and get the very latest of Bloomberg's You.
In Pots You and Good Morning Karena Nathan. A bump a day for European earnings. Unfortunately not a bump of quarter though for traders at Barclay's Fixed Think and revenues were broadly flat at the British bank compared to a year ago, with equities revenues up sixteen percent, returns falling short of US rivals. After their strong quarter when it
comes to oil trading. Though, there was better news for London based BP shares Hire today after spiraling energy prices drove a surge in profits from trading and refining, beating analyst forecasts in London. I'm you and pot Splomberg Radio.
All right you and thank you.
There are some disappointing numbers apparently out of open Ai. The Wall Street journals reporting the chat gpt maker recently failed to meet its own goals for new user acquisition and sales, while rival Anthropic gained ground in the coding and enterprise markets. The results are said to be fueling internal concerns that open Ai may struggle to support its
astronomical spending on AI infrastructure. Shares of SoftBank, which committed more than sixty four billion dollars to open Ai, fell almost ten percent in Tokyo Trading and.
Nathan speaking of open Ai, nine jurors in the San Francisco Bay area have been seated in the EI industry's closely watched trial between Elon Musk and open Ai chief Sam Oltman. The trial centers on the twenty fifteen birth of chat gpt maker. Open Ai is a nonprofit startup primarily funded by Musk before evolving.
Into a capitalistic venture.
The lawsuit accuses Alltment of double crossing Musk by straying from the company's founding mission to be an altruistic steward of a revolutionary technology and instead shifting into a money making mode behind his back. Time now for look at some of the other stories making news in New York and around the world. And from that we're joined by Bloomberg's Michael Barr. Michael, Good morning, Good.
Morning, Karen. The congressional deadlock over funding the Department of Homeland Security is now back in focus after Saturday shooting at the whine House Correspondent's dinner. Senate Majority Leader John Thune blamed Democrat chest today for refusing to negotiate on an appropriations bill.
Saturday Knights Advance were a grim reminder of the need for law enforcement, and incredibly, some of the law enforcement officers who responded are working for department that is currently completely unfunded.
But Senate Minority Leader Chuck Schumer defended his party, turning it on Thune's colleagues in the House.
At this very moment, funding for Secret Service and so many other agencies is sitting idly in the House of Representatives, not waiting for Democrats. We don't run the House waiting for Republicans.
Democrats have called for reforms following the deadly shootings of two people in Minnesota. Jessica Man is testifying against Harvey Weinstein for a third time. Recounting her allegation of a twenty thirteen rape in a Manhattan hotel. Man described the early stages of a relationship with Weinstein, which she said started with professional advice and turned sexual and ultimately descended
into rape. Weinstein denies sexually assaulting anyone. New York mayors Aroon Memdani kicked around the idea of free FIFA events for the city when the World Cup is in town. Some of the soccer events at MetLife Stadium in New Jersey surrounding the globals sport are cost prohibitive, so Mamdani got state leaders and the FIFA organization to host free fan events, one in each borough.
These events were not initially set to be free, but the world's game should belong to the world, and so we've made the decision together for fans to be able to watch that together without having to spend a dollar.
Governor Hochel said she's working on one day permits to allow bars and restaurants to host outdoor events, even allowing them to extend their hours to four AM. Global News twenty four hours a day and whenever you want it with Bloomberg News Now Michael Barr and this is Bloomberg Karen Well, Thanks Michael.
All time now for our Bloomberg Sports Update, and for that can bring in John Stash.
Hours, Thanks Jared. First team to move in to the second round of the NBA Playoffs last year's champions, the Oklahoma City Thunder. They complete the first round sweep of the Suns with a win in Phoenix, Denver State Alive beating Minnesota and leads three games to two in a surprise eight seed of Orlando again beat Detroit. The Magic have a three to one lead on the top seeded Pistons. Stanley cuple off the Penguin State Alive beating Philadelphia Flyers
Steely in three games to two. Vegas an overtime win at Utah that series tied at too 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 app.
This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.
With the US Israeli war with Iran at the two month mark today and with negotiations and the Strait of Horror moves at a near standstill, the White House says President Trump is reviewing Iran's latest proposal for an interim deal to reopen the strait and leave nuclear negotiations for later. Joining US now is Terry Haynes, the founder of Pangaea Policy. Terry, from what we understand about this proposal, is this going anywhere in this White House?
Good morning, Good.
Morning, Nathan. Couple of things. One is based on what we know about it in public. I'd say the Iran proposal is unserious on its face, it's not designed to give the United States anything to work with, and as yet another signal that the higher GC hardliners don't want to deal on any terms but their own. But also I think betrays weakness. But you know, the Trump will try to come back with a counter. Firstly, Secondly, I would look for indications of continued United States military readiness
and maybe a preparation to resume hostilities. And finally, and this is my own instinct to be clear, there's a possibility that they may be talking to China about maybe driving a wedge here. Chijim Hang says he wants the straight open while they can help.
We've seen from China, though, at least from the President's side, that they received a gift, as the President put it, or they that the US intercepted against from China, possibly for Iran.
Where is China amidst all this?
China likes to play both sides and it's doing it. You know, it continues. Irana is basically a client state of China, and China continues to support it. China is just you know, just very similar to Russia. Basically sucks all the energy and oil out of out of Iran in order to continue to feed and feed itself and feed its industries. And you know, so they are, they
are very much beholden to China. And at the same time, China indicates it with much fanfare last week to the Saudi Crown Prince, which is not incidental that it wants to straight open. So, you know, we've got a situation where the Iranian situation again continues to cross over with the Trump China summit, and I look for an opportunity there to where Trump may want to make something out of it.
Just thirty seconds left, Terry, have we heard the German Chancellor say that the US has been humiliated in negotiations with Ron and now with King Charles in the US.
Where do you see the Transatlantic alliance right now?
The Transatlantic Alliance is in a situation where Trump is very unhappy with the Europeans for a variety of reasons, including not supporting the American war effort. At the same time, Europe continues to not only not want to try to solve its own problems economic or military, but they always find it convenient to blame the United States rather than the point the finger of themselves.
This is Bloomberg Daybreak, your morning podcast and the stories making news from Wall Street to Washington and beyond.
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