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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 Oval Office feud that drew global attention and concern from American allies. Ukrainian President Vladimir Zelenski left the White House without a minerals deal Friday. After that public clash with President Trump and Vice President j d Vance, Zelenski expressed doubt about Trump's efforts to negotiate with Russia. Trump accused Zelensky of disrespecting the US
Director of National Intelligence. Tulci Gabbert told Fox News Sunday, mending ties with Zelensky won't be easy.
There's going to have to be a rebuilding of any kind of interest in good faith negotiations. I think before President Trump is going to be willing to re engage on this.
Those comments from Tulci Gabbert, heard here on Bloomberg Radio, were echoed by Secretary of State Marco Rubio, so he says Zelenski needs to come to the realization that America.
Is trying to help.
Responding to a question from the BBC in London, President Zelensky said he is willing to meet President Trump again if invited.
Perhaps there is a need thenlyst certain things, but I would but just one Ukraine.
Head speaking through an interpreter there, President Zelenski added Ukraine is ready to sign the natural resources deal that was put on hold last week.
Well over the weekend, Nathan, UK Prime Minister, kir Starmer and other European leaders used a security summit in London to demonstrate broad support for Ukraine, but behind the scenes they were pushing to get Vladimir Zelensky back to the table with President Trump. Speaking after the summit, Starmer said that uk and France are now working on a plan to secure Ukraine after any US brokers ceasefire.
It's time to act, time to step up and lead and to unite around a new plan for a just an enduring piece and here.
Starmer's comments came as French President Emanuel mccrun said the two leaders are working on a plan to secure a one month truce in Ukraine. In an interview with Le Figaro newspaper, Macron said the potential truce would include ground and maritime operations, as well as energy infrastructure.
Also happening in geopolitics, Karen, President Trump will soon place twenty five percent tariffs on most imports from Canada and Mexico and double an existing ten percent levy on China. Those new tariffs are due to kick in tomorrow. Commerce Secretary Howard Lutnik tells Fox News President Trump could yet change his mind on Mexico and Canada.
He's sort of thinking about right now how exactly he wants to play it with Mexico and Canada, and that is a fluid situation. There are going to be tariffs on Tuesday on Mexico and Canada. Exactly what they are, We're going to leave that for the President and his team to negotiate.
Commerce Secretary Letnik says how Canada and Mexico have done a lot to address issues like immigration and drug trafficking.
Meanwhile, in DC, Nathan, this promises to be a busy week in the US capital, especially tomorrow, and Bloomberg's Amy Morris has more from Washington.
The Supreme Court is expected to hear arguments over gun violence liability. The Mexican government is suing for billions of dollars in damages and changes to American firearms regulation. But Tuesday night, President Trump will address a joint session of Congress. Technically, it won't be a State of the Union because Trump
wasn't president last year. Listen out for results on the government efficiency efforts in effect for the past several weeks, and a potential government shutdown is now just two weeks away. In Washington. Amy Moore as Bloomberg Radio.
All right, Amy, thank you, and you can hear President Trump's remarks to Congress with a special edition of Bloomberg Balance of Power starting tomorrow at eight pm Wall Street Time here on Bloomberg Radio and on the Bloomberg Podcast page on YouTube.
Well Karen, Crypto recouped some of its losses from last week with a Sunday post from President Trump. Let's get more on what the President had to say from Bloomberg's John Tucker Come Morning.
John Goring Nathan Trump once again talked up his plan for a strategic crypto reserve, a truth social The President said his January Executive Order on Crypto directed the Presidential Working Grypto move forward on a crypto strategic reserve that includes more tokens like soul, XRP, and Ada. Trump also said bitcoin and ether would be included. In the reserve, helping those coins recover some of last week's seep declines.
A lot of the details of the president's plan are unknown, including how much the government will actually buy and how the purchases would be funded. The Bloomberg Galaxy Crypto index that sank twenty eight percent in February, its worst month since the crypto winter of twenty twenty two. Bitcoin this morning down two and a half percent, just over ninety one thousand dollars in New York Times, John Tucker, Bloomberg Radio, All.
Right, John, thank you well. Andrew Cuomo has made it official. He's running for mayor of New York City. We get more now from Bloomberg's Kimberly Adams.
The former three term governor of New New York who resigned in twenty twenty one amid multiple allegations of sexual harassment, joined an already crowded field of challengers buying to unseed incumbent Mayor Eric Adams ahead of the June twenty fourth Democratic primary.
I know what needs to be done, and I know how to do it, and I will give it my all to get the job done, and it will get done.
Quomo's decision to run, rumored for more than a year, up ends the race to lead the biggest US city. Several polls have shown him leading the field, which includes Adams City Comptroller Brad Lander, former comptroller Scott Stringer, and former hedge fund manager Whitney Tilson. In New York, Kimberley Adams, Bloomberg Radio.
All Right, Kim, thank you me Weill. In the Middle East, Israel says it is blocking all humanitarian aid into Gaza after the first stage of the ceasefire with Hamas expired early yesterday. Hamas has rejected a US led proposal to extend the truce till the middle of next month. Saudi Arabia and Egypt are both criticizing Israel. They say aide should not be used for quote collect punishment lover.
In Europe, Nathan former Barclay's chief Jess Staley, will begin a legal showdown today over his friendship with sex offender Jeffrey Epstein and Bloomberg's t you Are at a Baio as.
More, Staley will go to court to challenge a lifetime ban from the UK finance industry and findings that he recklessly misled regulators about his links to Epstein. It will be the former CEO's first public testimony about the event since his resignation in twenty twenty one. Up to this point, Staley has maintained he cut direct contact with the financier before taking his post. Witnesses who could be called include
some of the sector's most eminent figures. Bank of England Governor Andrew Bailey and Barclay's chairman Nigel Higgins in London, tea at a Baio Bloomberg Radio.
Ni Tiwa, thank you. We've got some news from space. This morning.
Firefly Aerospace has successfully landed its first robotic spacecraft on the Moon, marks the second time a commercial lander has pulled off. The feet is more comp but he's try to reach the lunar surface ahead of future human landings. Following the launch January fifteenth, Firefly's Blue Ghost Lander touchdown early yesterday morning. The spacecraft is carrying ten tools and experiments built by NASA, including a drill that will bury itself into the lunar soil to test the Moon's temperature.
And Finally, Nathan and Nora has dominated the ninety seventh Academy Awards, winning five honors, including Best Picture. The film's star Mikey Madison took home a Best Leading Actress award and thanked Sean Baker, who won Best Director.
This is a dream come true. I'm probably going to wake up tomorrow.
Thank you so much, Sean.
I adore you.
And alongside Madison, Adrian Brody picked up his second career OSCAR for Best Leading Actor in The Brutalist. And for those streaming this ceremony, Disney's Hulu experienced technical difficulties, preventing tens of thousands of paying customers from accessing the service. The issue was resolved after about two hours. Time now for another look at some other stories making news in New York and around the world, and for that we're joined by Bloomberg's Michael Maher Michael, good Morning.
Good Morning. Karen Moore on the Oscar, Zoe's Aldana won Best Supporting Actress, delivering a heartfelt speech thanking your family.
I am the first American of Dominican origin to accept an Academy Warren.
I know I will not be the last.
Karen Coulkin won for Best Supporting Actor. During his acceptance speech, Coulkin said his wife promised they'd have a fourth child if you won an Oscar.
She said, I will give you four when you win an Oscar.
I held my.
Hand out, she shook it, and I have not brought it up once until just now.
The ceremony also honored the men and women who battled the recent Los Angeles wildfires. Morgan Freeman took the stage to introduce a in memoriam segment with a tribute to his friend, the late Gene Hackman. The ninety five year old two time Oscar winner and his wife were dead alongside one of their dogs at their Santa Fe home last week. Their bodies were found at least nine days
after their depths. Based on Heckman's pacemaker activity, both tested negative of carbon monoxide poisoning, but medical toxicologist doctor Stephanie Whitmer says an autopsy will be needed to rule out carbon monoxide.
The longer that time goes by without carbon monoxide being tested, the less likely it is to show up.
It may have diffused out of the body.
Emergency medicine physician doctor Stephanie Whitmer Cruise battled wildfires in North and South Carolina amid dry conditions and gusty winds as residents were forced to evacuate in some areas. In South Carolina, Governor Henry McMaster declared a state of emergency to support the response effort, and a statewide burning band remain in effect. This woman says, it has been a surreal experience.
And then they get them under control, and then it starts up again. It just keeps going. They get them down the fires, but you see the smooke, and then within hours later it relights again.
In North Carolina, evacuations for the town of try And remained in fact. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg Carrot.
All right, Michael Barr, thank you, and it's time now for the Bloombergy Sports Update, brought to you by Tri State Odie. Here's John Stashauer. John, Good morning, Hey.
Good morning, John. What a weekend for the next Friday in Memphis, they trailed almost the whole game, came from twelve down, won by a point. Last night in Miami, they didn't take their first lead until there were three minutes to go in regulation and they had one point trailed by nineteen. The Knicks in heat went to overtime.
They got a hurry to get it across from mid court, though he does with bridgets inside.
He added over.
Four point lead no timeouts for Miami. Heiro with ten spins away from heart.
How the file has to.
Launch kick it up three bound towns cluck wanting down Towns tribbles it out the next pull off their biggest come back fit of the season.
On MSG won sixteen, won twelve the finals. Jalen Brunson scored thirty one points and Ojeonanoviy added twenty three, and the Knicks are now forty and twenty. Cleveland is fifty to ten. The cavs tenth straight win came from eighteen down beat Portland. That was also a ot battle of the NBA's last two champions. Celtics beat Denver one ten
one oh three, Lakers beat the Clippers. Luca Downson scored twenty nine at the Gardener shut out for Jonathan Quick, Rangers blank Nashville four nothing, Devil's got shut out to nothing, lost in Vegas, and the Bruins were blank lost one nothing at Minnesota. The Washington Commanders this past season went from four wins to fourteen, and now they've given their young quarterback Jayden Daniels a nice weapon, acquiring Whiteout Deebo Samuel from the forty nine ers for a fifth round
draft pick. The Trader will come official next week in Palm Beach. Joe high Smith with a second straight round of sixty four, one of the cognitisant Golf by two shots. It's his first PGA Tour victory. Jake Napp, who had that fifty nine in the opening round, still had the lead until the eleventh hole when he put two shots in the water.
And had a triple boom. John Stashie, We're Bloomberg Sports are Nikan.
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.
After last week's Oval Office blow up between President Trump and Ukrainian President Vladimir Zelenski, European nations are racing to assemble what they're calling a Coalition of the willing to support Ukraine and bring in peacekeeping troops in the event of a ceasefire with Russia. Canadian Prime Minister Justin Trudeau says his nation is willing.
We're going to.
Continue to be there to support Ukraine as necessary, with whatever it takes, for as long as it takes, because Ukraine is not just defending it its own territories, defending the very principles and values that underpin all of our democracies.
Canadian Prime Minister Justin Trudeau spoke at a weekend security summit in London, and for more. We're joined this morning by Bloomberg New senior writer Stephanie Baker, the author of the book Punishing Putin.
Stephanie, good morning.
I guess the big question now is whether the US can be part of a coalition of the willing after that blow up. What's it going to take to get everyone back on the same page after what we saw in the Oval Office last Friday?
Right, Well, you see UK Prime Minister Cure Starmer and French President Emmanuel Macron trying to reset relations. They tried to arrange for the Ukrainian President Vladimir Zelensky to go back to Washington this weekend.
That did not work.
Trump administration officials are insisting on an apology. Zelenski is saying he didn't see any need to apologize. Zelensky has also rejectedsals from Manuel Macron and kir Starmer for a one month UH ceasefire for air see and infrastructure in Ukraine. I think there's a fundamental difference here between how Zolensky sees these peace negotiations going ahead and how the Trump
administration does. Zolensky believes that a mere ceasefire that stops the fighting without security guarantees leaves Ukraine vulnerable to another attack from Russia. I think Trump thinks it a quick deal where they stop the fighting, it is worth worth going ahead with, and has been very vague and back
and forth on security guarantees. Has has not been explicit about his willingness to provide those that US backstop that Starmer really wants for any kind of peace European peacekeeping force in Ukraine, and that is the fundamental problem here.
Yeah, it seems as though President Trump is indicating that the economic buy in might be enough in terms of the US having some kind of skin in the game after the security conference. Though in Europe is this potentially pitting the European side against the US.
Now It is revealing the divisions, and I think Europe is realizing that they need to get their act together and start investing in defense because they can't be relying on the US anymore. Zelensky has said he is willing to sign this deal with the US, this mineral rights deal with the US. I think there was a line added to that agreement, to the revised version of that agreement, that provided some language on security guarantees, although.
It's really quite vague.
I mean, remember, just the fact that there is US economic or business interests in Ukraine is not a real security guarantee. Just think of Kuwait. A rock invaded Kuwait when there were US oil companies operating there. That did not provide a real security guarantee. And I think Zelensky is right to be skeptical that that would be enough to deter Putin from trying to launch another invasion or violate the ceasefire.
This is Bloomberg Daybreak, your morning podcast on the stories making news from Wall Street to Washington and beyond.
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