DeepSeek, The Chinese AI Startup, Roils Markets; Trump Holds Colombia Tariffs Bloomberg Daybreak: US Edition podcast

17:29

On today's podcast: 1) Trump Escalates Global Trade War, Sparking Tit-for-Tat Tariffs. President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China, spurring swift reprisals that plunged the world economy into a deepening trade war. The US new tariffs — 25% duties on most Canadian and Mexican imports and raising the charge on China to 20% — impact roughly $1.5 trillion in annual imports, an expansive move signaling to markets that the Republican president is committed to wielding import duties to obtain fresh revenue and create domestic manufacturing jobs. 2) What Trump Aims to Achieve With His Tariffs. After promising during his election campaign to put import taxes back at the center of US economic policy, President Donald Trump moved swiftly once back in office, announcing significant new tariffs aimed at America’s trading partners. The tactics — implementing new tariffs and threatening others in an effort to intimidate or gain leverage on other disputes — represent a dramatic shift in a global economy where most major economies have sought to reduce trade barriers. 3) Trump Pauses Military Aid to Ukraine After Clash With Zelenskiy President Donald Trump ordered a pause to all US military aid to Ukraine, turning up the heat on Volodymyr Zelenskiy days after an Oval Office blowup with the Ukrainian president left support from his country’s most important ally in doubt. The US is holding up all pending military assistance until Trump determines Ukraine’s leaders demonstrate a good-faith commitment to peace, according to a senior Defense Department official, who asked not to be identified discussing private deliberations. The administration will also review the aid to make sure it’s contributing to a solution to the conflict, a White House official said. See omnystudio.com/listener for privacy information.…

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US Support for Ukraine Stalls; Trump Readies for Tariffs on Allies 17:20

день тому17:20

17:20

On today's podcast: 1) Europe races to support Ukraine after last week's Oval Office blowup. European leaders, including UK Prime Minister Keir Starmer, Italian counterpart Giorgia Meloni, and French President Emmanuel Macron, are working to rebuild relations between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy after a disastrous clash at the White House. The leaders are fast-tracking efforts to improve their own defense capabilities and are seeking to build a "coalition of the willing" to participate in peacekeeping forces and reassure Kyiv about the durability of any peace. 2) President Trump readies a barrage of tariffs on Canada, Mexico and China. President Donald Trump is planning to impose new tariffs on Canada and Mexico, and double a levy on China, which would apply to roughly $1.5 trillion in annual imports. The tariffs would put a 25% tariff on all imports from Canada and Mexico, except Canadian energy, which would face a 10% rate, and would also double a tariff on China to 20%. 3) Andrew Cuomo enters the race for New York City mayor. Andrew Cuomo, the former three-term governor of New York, has announced his candidacy for mayor of New York City, joining a crowded field of challengers vying to unseat incumbent Mayor Eric Adams. Cuomo's decision to run has upended the race, with several polls showing him leading the field, and he has touted his record during the Covid-19 pandemic despite criticism from both Republicans and some members of his own party. See omnystudio.com/listener for privacy information.…

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Daybreak Weekend: US Jobs, Special European Council, Australia Eco 38:41

4 дні тому38:41

38:41

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the February jobs report and a look at earnings from Macys and Gap. In the UK – a preview of the 'Special European Council.' In Asia – a look ahead to economic data in Australia, and a discussion on China’s tech rally. See omnystudio.com/listener for privacy information.…

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Trump, Zelenskiy Meeting Turns Into Argument; Mineral Deal Falls Through 49:51

4 дні тому49:51

49:51

Plans to sign a critical minerals deal between the US and Ukraine were scrapped after Donald Trump’s meeting Friday with Volodymyr Zelenskiy quickly devolved into a fiery exchange over the Ukrainian leader’s doubts that the US president’s efforts to broker a deal with Russia would yield lasting peace. Zelenskiy departed the White House following the public spat, and a planned signing ceremony and press conference were canceled. US officials said the minerals deal - which Trump had cast as a necessary step to repay American support as he sought to broker a deal with Russia’s Vladimir Putin - was not signed before Zelenskiy’s departure. “He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for Peace,” Trump said in a social media post shortly before Zelenskiy’s departure. The Ukrainian leader angered Trump and US Vice President JD Vance when he said he did not believe the planned deal would do enough to deter further Russian aggression. “Putin will never stop and will go further and further,” Zelenskiy said, adding that the Russian leader “hates Ukrainians” and wanted to destroy the country. “We can do it, but it’s not enough,” he added of the deal. On this special edition of Balance of Power, hosts Joe Mathieu and Kailey Leinz get instant reaction and analysis to the dramatic moment between Trump and Zelenskiy in the Oval Office with: Nick Wadhams, Bloomberg US National Security Team Lead Daniel Fried, Distinguished Fellow at the Atlantic Council/Former-US Ambassador to Poland/Former-Assistant Secretary of State for Europe Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Senior Democracy Fellow with the Center for the Study of the Presidency & Congress and Bloomberg Politics Contributor Kelly Grieco, Senior Fellow with the Stimson Center’s Reimagining US Grand Strategy Program See omnystudio.com/listener for privacy information.…

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President Trump's Trade Threats, Zelenskiy Heads to Washington 17:35

4 дні тому17:35

17:35

On today's podcast: 1) China warned it would hit back at Donald Trump’s trade threats after the US president unveiled additional tariffs on Chinese imports, raising the risk of tensions spiraling between the world’s largest economies.“If the US insists on having its own way, China will counter with all necessary measures to defend its legitimate rights and interests,” a spokesperson for the Chinese Ministry of Commerce said Friday. In response to the last round of tariffs, the department previously vowed to take “corresponding” steps. 2) President Volodymyr Zelenskiy arrives at the White House on Friday with a personal appeal to persuade Donald Trump not to sell out his country in the rush to make a peace deal with Russia. The worst fears seemed to fade a bit on the eve of the trip, as the American president blithely walked back his denunciation of his Ukrainian counterpart as a “dictator” just last week. 3) A reading of US inflation due later today comes into sharper focus now that tariffs could be implemented sooner than anticipated, with any surprising increases likely to shake up the market. The Federal Reserve’s preferred inflation metric is expected to cool to the slowest pace since June. The core personal consumption expenditures price index — which excludes often-volatile food and energy costs — probably rose 2.6% in the year through January. Overall PCE inflation likely eased on an annual basis as well, according to the median estimate in a Bloomberg survey of economists. See omnystudio.com/listener for privacy information.…

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Nvidia Fails to Impress Investors; Supreme Court Keeps Trump Foreign-Aid Freeze 17:10

5 днів тому17:10

17:10

On today's podcast: 1) Nvidia Corp., the chipmaker at the center of an AI spending boom, delivered good-but-not-great quarterly numbers on Wednesday, drawing a muted response from investors accustomed to blowout results. 2) Chief Justice John Roberts temporarily let President Donald Trump keep freezing foreign-aid payments while the US Supreme Court weighs whether to lift an order that would require disbursement of as much as $2 billion. 3) Two-time Academy Award-winner Gene Hackman and his wife were found dead at their New Mexico home on Wednesday, the BBC reported, citing local police. See omnystudio.com/listener for privacy information.…

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US and Ukraine Reach Minerals Deal; Wall Street Braces for Nvidia Earnings 17:04

6 днів тому17:04

17:04

On today's podcast: 1) Ukraine agreed with the US to jointly develop its wealth of natural resources as part of a deal that could ease tension with President Donald Trump and advance his administration’s goal of a ceasefire with Russia, people familiar with the matter said. 2) Chances for early action on Donald Trump’s tax cut plans improved as House Republicans passed a budget blueprint Tuesday calling for deep cuts in safety-net programs such as Medicaid. 3) Nvidia Corp. will deliver its highly anticipated fourth-quarter report on Wednesday, giving investors an update on AI spending at a time when the world’s biggest tech stocks have been in retreat. See omnystudio.com/listener for privacy information.…

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Trump Looks to Tighten Chip Ban; US Sides with Russia on UN Vote 17:31

7 днів тому17:31

17:31

On today's podcast: 1) The US looks for further limits on China semiconductor access The Trump administration is planning to expand efforts to limit China's technological advancements, including tougher semiconductor curbs and pressuring allies to escalate restrictions on China's chip industry. The administration has met with Japanese and Dutch counterparts to restrict maintenance of semiconductor gear in China and is discussing sanctions on specific Chinese companies and further restricting chip exports to China. 2) President Trump breaks with allies on blaming Russia for the war in Ukraine The US and Russia voted against a European-backed resolution in the UN General Assembly that calls out Moscow's "full-scale invasion" of Ukraine exactly three years ago. The US and Russia later aligned in the Security Council to approve a US resolution calling for a "swift end" to the conflict without assigning blame, a stark reversal from policy under President Joe Biden. 3) President Trump says tariffs on Canada and Mexico are on track President Trump said tariffs scheduled to hit Canada and Mexico next month were "on time" and "moving along very rapidly." A US official cautioned that the schedule could be less certain, and the fate of the special 25% levy on Canada and Mexico was still to be determined. See omnystudio.com/listener for privacy information.…

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Trump Targets China; Merz Wins Chance to Fix Germany 17:38

8 днів тому17:38

17:38

On today's podcast: 1) Trump Targets China With Biggest Salvo So Far in Second Term The Trump administration took aim at China with a series of moves involving investment, trade and other issues that raises the risk ties may soon worsen between the US and its top economic rival. In recent days, President Donald Trump has rolled out a memorandum telling a key government committee to curb Chinese spending on tech, energy and other strategic American sectors. The administration also called on Mexican officials to place their own levies on Chinese imports – a move that comes after some firms from the Asian nation shifted production to the US neighbor to avoid duties the Republican enacted in his first term. 2) Merz Wins Chance to Fix Germany and Steer EU Through Trump Era Germany’s next chancellor faces a daunting list of challenges to revive his country’s fortunes — but the rest of Europe is looking to him for leadership too. After his election win on Sunday, Friedrich Merz is set to take charge of Europe’s biggest economy with the US defense umbrella looking shakier than any time since the NATO alliance was founded and Donald Trump is discussing the continent’s security with Vladimir Putin. 3) Federal Agencies Tell Workers to Pause Reply to Musk Threat Several US government agencies have advised their employees to ignore for now a demand from Elon Musk’s government efficiency office to justify their jobs or face dismissal. The Pentagon and Department of Justice have told workers to pause on replying to the Trump administration’s email, citing potential legal pitfalls and agency autonomy. See omnystudio.com/listener for privacy information.…

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Daybreak Weekend: Nvidia Earnings, G20 Summit, U.S-China Relations 39:09

11 днів тому39:09

39:09

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of preview PCE, and personal spending data, and Nvidia earnings. In the UK – a preview of the next G20 summit. In Asia – a look at the evolving relationship between Washington and Beijing. See omnystudio.com/listener for privacy information.…

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Trump's Message to Republican Governors; Hochul Won't Remove Adams 17:01

11 днів тому17:01

17:01

On today's podcast: 1) President Trump urges Republican governors to embrace his agenda as he reshapes Washington President Donald Trump told Republican governors that implementing his agenda was key to their own political futures, arguing that embracing it could mitigate or even prevent losses in the midterm elections. Trump reiterated his agenda to key allies in the states ahead of crucial gubernatorial races in Virginia and New Jersey later this year, and in three dozen other states next year. 2) Israel warns Hamas over a murdered hostage it says was misidentified Israel announced that a body returned as part of a ceasefire agreement with Hamas was not that of Shiri Bibas, a young mother taken hostage in October 2023.The remains of Shiri's two sons, Ariel and Kfir, were returned and identified, with the IDF stating that they were "brutally murdered by terrorists in captivity in November 2023." 3) New York Governor Hochul said she doesn't plan to remove New York City Mayor Eric Adams Governor Kathy Hochul plans to establish "guardrails" on the Adams administration, including creating a state-level deputy inspector general for New York City and giving more legal power to non-mayoral officials. Hochul does not plan to remove Mayor Eric Adams for now, citing the will of the voters and the supremacy of democratic elections. See omnystudio.com/listener for privacy information.…

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Trump Says China Deal Possible; NYC Congestion Pricing Heads to Court 17:12

12 днів тому17:12

17:12

On today's podcast: 1) Trump Says New China Trade Deal ‘Possible’ Despite Tensions President Donald Trump said it would be possible to reach a fresh trade deal with China, signaling he is open to heading off a brewing trade fight between Washington and Beijing. 2) Trump Turns on Zelenskiy, Leaving Ukraine Few Options Amid War Donald Trump’s turn against Volodymyr Zelenskiy leaves Ukraine no good alternatives as it heads into the fourth year of Russia’s full-scale invasion. 3) Trump to Halt NY Congestion Pricing by Terminating Approval The Trump administration is moving to block New York City’s congestion pricing program, reversing a federal approval granted last year and setting up a legal showdown over the tolling initiative. See omnystudio.com/listener for privacy information.…

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Trump Auto Tariffs; Eric Adams Heads to Court 17:29

13 днів тому17:29

17:29

On today's podcast: 1) President Trump floats 25 percent tariffs on auto, chip, and drug imports President Donald Trump said he would likely impose tariffs on automobile, semiconductor, and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2. Trump wants to give companies "time to come in" before announcing new import taxes, and said that when they come into the US and have their plant or factory here, there is no tariff. 2) The US says sanctions will remain on Russia for now after a high-level meeting on Ukraine Secretary of State Marco Rubio told European allies that the US will keep sanctions on Russia in place at least until a deal to end the Ukraine conflict is reached. President Donald Trump said he'll probably meet Vladimir Putin to discuss a settlement before the end of February, and signaled support for holding new elections in Ukraine after an agreement. 3) New York Mayor Eric Adams's political future heads to federal court A federal judge has scheduled a hearing on the Justice Department's request to drop corruption charges against New York City Mayor Eric Adams and wants an explanation for the request. The Justice Department's decision to abandon the prosecution was made despite the objections of some prosecutors, who resigned rather than carrying out the directive, and has been criticized as a "corrupt quid pro quo" for Adams' support of the Trump administration's immigration policies. See omnystudio.com/listener for privacy information.…

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Trump-Putin Discuss Ukraine in Saudi Arabia; Toronto Plane Crash Latest 17:09

14 днів тому17:09

17:09

On today's podcast: 1) Ukraine peace talks between the US and Russia begin in Saudi Arabia Top US and Russian officials met in Saudi Arabia to discuss ending the war in Ukraine, without Ukraine's participation. It follows a landmark phone call between President Donald Trump and Russian President Vladimir Putin, which could pave the way for a summit between the two leaders as soon as next week. 2) 80 people survive after a Delta plane flips while landing in Toronto A Delta Air Lines regional jet flipped out of control after landing in windy, freezing conditions in Toronto, injuring 15 people, three critically. The plane, which was flying from Minneapolis/St. Paul to Toronto-Pearson International Airport, had 76 passengers and four crew on board. 3) President Trump's government efficiency push leads to more high-profile resignations President Trump's push to rein in the federal government is leading to more high-profile clashes. According to the Washington Post, the acting head of the Social Security Administration resigned over the weekend, following a dispute with Elon Musk's government efficiency team over its attempts to access sensitive government records. See omnystudio.com/listener for privacy information.…

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Daybreak Holiday: Walmart, Oil, ETFs 38:44

15 днів тому38:44