Alexis Christophorus

In London, James Woolcock, Bloomberg Radio.

Thanks, James.

And President Trump says he's giving the European Union until July 4th to ratify its trade agreement with the U.S.

Bloomberg's Juan Potts reports from London.

Having previously threatened to hike tariffs on auto imports as soon as this week, Donald Trump has extended his deadline for the EU to ratify its trade deal.

The move comes after Trump spoke to European Commission President Ursula von der Leyen.

Negotiators from the European Parliament and member states discussed potential amendments to the deal earlier this week, but we're told didn't reach any conclusive decisions.

In London, I'm Ewan Potts, Bloomberg Radio.

Ewan, thanks.

A major piece of President Trump's effort to rebuild his tariff wall has just been declared unlawful.

Federal trade courts invalidated the president's 10 percent global tariffs under Section 122 of the 1974 Trade Act.

That law had never been invoked before to impose tariffs, but the president used it back in February after the Supreme Court struck down his sweeping emergency tariffs.

The court says the ruling against Section 122 only applies to the group of small businesses that challenged it, along with Washington state.

It's unclear what the ruling will mean for other importers that have been paying those duties.

And turning to the markets now, futures are higher ahead of today's key jobs report.

Economists are expecting a slowdown in hiring in April.

The median forecast is for a gain of 65,000 jobs and the unemployment rate to hold steady at 4.3%.

Bloomberg's Michael McKee reports.

Time now for our Bloomberg Sports Update, and for that, we bring in John Staschauer.

And that's news when you want it with Bloomberg News Now.