Bloomberg Audio Studios, podcasts, Radio News.
Good morning, I'm Nathan Hager and I'm Alexis Christophers.
Here are the stories we're following today.
A like since we begin with the latest developments in the war in the Middle East. The US and Run are considering a second round of talks before their two week ceasefire ends next week. Reuters is reporting negotiating teams from both sides could return to Islamabad this week. Vice President Jade Vance led the discussions that broke down over the weekend. He was asked on Fox News about the prospect of a second round.
Are there more talks coming, do they happen in Pakistan?
And are you leading them?
Well, it's an interesting question, bretton. I think fundamentally it's a question that would be best put to the Iranians because the ball really is in their court. We've made clear where we're willing again to be accommodating, and we've made clear where we absolutely need to see the nuclear material come out of the country of Iran.
Vice President Jadvan spoke Fox's Brett Baher as President Trump presses ahead with a naval blockade on Iran. Bloomberg's owner Aunt has more from Dubai.
The blockade is aimed at intercepting or stopping any oil or other vessels going into or out of the Pressure Gulf if there if one of their destinations is Iran, so in theory it should bring to nearly zero what was already a trickle of regular traffic through the Strait of.
Home with Bloomberg's owner on reports, a sanctioned vessel linked to China is testing the blockade. A medium range tanker named rich Starry is trying to exit the Straight for the second time in less than twenty four hours, and.
Nathan Chinese President Jijinping is making his first remarks on the Iran War since the US and Israel began attacks more than a month ago. She is vowing to play a constructive role in the Middle East. At a meeting with Spain's Prime Minister Patro Sanchez, she said that peace must be prioritized.
Both China and Spain are principled and moral countries, both willing to stand on the right side of history. We should strengthen communication, consolidate mutual trust, cooperate closely, oppose the world's regression, the law of the Jungle, and jointly safeguard genuine multilateralism and global peace and development.
Chinese President Hijin Peg, speaking there through an interpreter, describe the international order as quote crumbling into disarray.
Well with the war under way Alexais. President Trump has been feuding with Pope Leo the fourteenth that has led to a controversy on social media. The President posted an AI generated image that seemed to depict him as a christ like figure healing a sick patient. He has since deleted that photo, but he says it wasn't an accident.
I did first it and I thought it was me as a doctor and had to do with Red Cross as a Red Cross worker there, which we support, and only the fake news could come up with that one.
The President Trump called Publio week on Crime after the pawn Off spoke out against the war. The President didn't explain why he deleted the post, but it did spark a backlash, including from some of his supporters. Vice President Vance told Fox News the President took it down because people didn't understand his humor.
A couple of departures from Congress on both sides of the isle, Democrat Eric Swalwell and Republican Tony Gonzalez said they plan on leaving their seats in the wake of allegations of sexual misconduct. Swalwell announced his intent to resign, saying he must take responsibility and ownership for the mistakes he did make, while also vowing to fight the serious
false allegations made against him. Gonzala said he planned on filing his retirement from office after allegations that he had an affair with a staffer who later died by suicide.
Okay, let's turn to the markets now. Alexis futures are indicating the recent Wall Street rally has legs.
Right now.
S and P futures are up three tenths of one percent, or nineteen points. The S and P five hundred index has now erased all its losses since it's the start of the war. Max Wasserman is senior portfolio manager at Miramar Capital.
Every word the President says, the market makes a move right and it seems to want to discount any potential negativity towards the positive uptrend. So to me, this market is basically discounting nothing negative and is extremely optimistic.
Miramar Capitals Max Wasserman. The SMP five hundred had fallen almost eight percent since the war. Meanwhile, West Texas intermediate oil prices climbed fifty one percent in March, and checking crude this morning, it's pulling back a bit, with WTI crewed down about two and a half percent at ninety six dollars fifty eight cents per barrel, while Brent is down one point one percent at ninety eight dollars twenty seven cents.
And Nathan, we are seeing more effects of the war. The International Energy Agency says global oil demand will decline this year for the first time since the twenty twenty pandemic. The IEA says the war has triggered the biggest supply disruption in history because oil flows through the Persian Gulfs Strait of Horror moves have been choked off. And in company news, we've got shares of American Airlines up more than four percent here in early trading, sources tell Bloomberg.
United Airlines CEO Scott Kirby has floated a possible combination with American Airlines. A combination of United and American would create the largest airline and post serious antitrust concerns, It would likely face significant backlash from consumers, politicians, and rival US airlines.
Yeah, we're also watching shares of global Star this morning. Alexus there more than fifteen percent. Bloomberg News has learned Amazons in advanced talks to acquire the satellite operator as it builds out its low Earth orbit network in a bid to compete with Elon Musk's SpaceX. It's fast growing Starlink unit has more than ten million active customers in about ten thousand satellites in orbit.
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.
Good Morning, John, Good morning of LIKESUS.
Members of a congressional panel Laura sent to meet with Pentagon officials tonight. They'll discuss the Trump administration's request a supercharged military spending. The Office of Management and Budget has asked that three hundred and fifty billion dollars go through the budget reconciliation process, which allows the Senate to bypass the filibuster. The federal government has agreed the Rainbow Pride flag can fly at the Stonewall National Monument in Manhattan.
That story from Bloomberg's Charlie Pellett.
It's a course reversal after removing the flag. In February, the government revealed the decision in court papers as it agreed to settle a lawsuit filed by LGBTQ Plus and historic preservation groups, who had sought to block the removal. Lawyers for the government and the groups wrote in a joint court filing that the Interior Department and National Park Service have confirmed their intention to maintain a Pride flag at Stonewall in New York. Charlie Pellett, Bloomberg Radio.
And prosecutors have filed attempt at murder and other criminal child arches against a man for allegedly throwing a Maltov cocktail at the home of OpenAI chief executive officer Sam Altman. No one was injured in the attack. Canadian Prime Minister Mark Carney secured a majority government after his Liberal Party
won three key special elections. It gives his administration the ability to push ahead faster with an economic agenda centered on expanding energy exports and reducing Canada's reliance on the US. The twenty twenty six Rock and Roll Hall of Fame inductees have been announced in among them, Phil Collins, Billy Idol, Iron Maiden an Oasis is going to be Collins's second induction into the Hall of Fame. He's previously inducted in twenty ten as a member of Genesis Global News twenty
four hours a day, whenever you wanted with Bloomberg News. Now, I'm John Tucker. This is Bloomberg Alexis.
Thanks John, time out for our Bloomberg Sports update, and for that you bring in John stash hour.
A wild baseball game in New York, a game where Mike Out, Trent Grisham, and Aaron Judge all homer twice. The Yankees scored three runs in the bottom of the night the even beat the Angels eleven to ten. They held the WNBA draft, and the Dallas Wings, with the first pick overall, took Yukon guard Asy Fudd. UCLA, who just won the National Championship, saw five players get drafted in the first round. The NBA play in games beginning
tonight with Miami at Charlotte, Portland at Phoenix. That's your Bloomberg Sport update.
Stay with us. More from Bloomberg Daybreak coming up after this.
Coast to Coast on Bloomberg Radio nationwide on Serious Exam and around the world on Bloomberg dot Com and the Bloomberg Business out. This is Bloomberg Daybreak.
Good morning on Nathan Hager. Markets and the world are holding out for the prospect of a second round of talks between the US and Iran, even with a blockade aimed at Tehran's oil exports under way. President Trump says his goal is clear, we can't.
Let a country blackmail or extort the world, because that's what they're doing. They're really blackmailing the world. We're not going to let that happen.
And that was President Trump at the White House yesterday. Joining us this morning from Dubai is Bloomberg Middle East correspondent Jumana Bressecci, the anchor of Bloomberg Horizons. Jumana, what is the prospect of our second round of negotiations as the Strait of Horror moves apparently is under blockade?
Good morning, Yeah, good morning. Well, there is plenty of reporting overnight suggesting that there has been good momentum or progress towards moving to a second round of negotiations, even our own colleagues at Bloomberger saying that we have heard from various sources that there is appetite to do another
round of talks. And of course you have to remember that the clock is ticking because the seasfire does, in theory expire on April twenty first, So the idea would be to have another round of talks before the seasfire comes to an end. President Trump himself yesterday said that he'd received a call from the Iranians, from the right people, he said, and he cited them as one thing to
make a deal. We also heard from the Iranian president overnight who said that they are willing to continue with negotiations so long as it's done within a quote unquote
international framework. So yes, there's definitely momentum. Whether again this time the two sides can meet with the view of actually achieving a breakthrough because they still seem to be pretty far apart from the last round of negotiations is up for debate, but certainly it comes as a relief I would say to the region, to the world that there is positive momentum on the diplomatic channel.
We did see the breakdown of talks in Islam about over the weekend, led by Vice President JD. Vancy was on Fox News last night talking about the prospect of another round. What is our sense of where the two sides stand now in terms of what they are looking for from each other.
Yeah, well, you remember when we were discussing a couple of weeks ago about the various proposals that the US for putting forward the ten point proposal versus the fifteen
point proposal, on how far part the two were. I think now what we can say is it's been condensed to a matter of a couple of topics, and those topics, from what we understand from our reporting, from our sourcing, really boiled down to the strait, which is why the President Trump introduced their own version of a blockade yesterday in the late hours of the afternoon. So far seems to be uneventful. And the second point is again the very nexus of all of this, which is Iran's nuclear ambitions.
And I just to refer back to Jed Evans because you got it to now. The day he left Islamabad, he said quite clearly that they did not receive sufficient assurances from Iran that not only would they not go on to develop a nuclear bomb, that they don't have the ambition to do so, but also that they would relinquish the tools that would allow them to develop a nuclear bomb. So it's not just about the ambition, but it's also the tools as well.
I e.
There's centrifuges, and of course that four hundred kilo plus pile of enriched uranium that there's on So you have to imagine that from the US's perspective, if they want to get this deal over the line, there has to be some form of retrieving that enriched softfill, alongside assurances from Iran that they will keep their enrichment at low levels or at no levels, and in return, Iran are going to be pushing very aggressively for a win that
they can present back home, which would probably include sanctions for relief.
This is Bloomberg Daybreak, your morning podcast on the stories making news from Wall Street to Washington and beyond.
Look for us on your podcast feed by six am Eastern each morning, on Apple, Spotify, or anywhere else you listen.
You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg ninety two nine in Boston and nationwide on Sirius XM Channel one twenty one.
Plus listen coast to coast on the Bloomberg Business App now with Apple CarPlay and Android auto interfaces.
And don't forget to subscribe to Bloomberg News Now. It's the latest new news whenever you want it in five minutes or less. Search Bloomberg News Now on your favorite podcast platform to stay informed all day long. I'm Alexis Christophers.
And I'm Nathan Hager. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Day Brain