US Expects Iran Response "Soon," Russia-Ukraine Ceasefire, More

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Bloomberg News Now 7 min 8 speakers 2 chapters transcribed 4 months ago
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Stephen Carroll 0:00
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
Caroline Hepke 0:05
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
Stephen Carroll 0:10
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
Caroline Hepke 0:15
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
Stephen Carroll 0:21
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
Caroline Hepke 0:27
And from London, I'm looking at what all that means for markets, money and the wider economy.
Stephen Carroll 0:33
We've got reporters across Europe and around the globe feeding in as stories break.
Caroline Hepke 0:37
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
Stephen Carroll 0:43
It's smart, calm and to the point.
Caroline Hepke 0:45
And it fits into your morning.
Stephen Carroll 0:46
You can find new episodes of the Bloomberg Daybreak Europe podcast by 7am in Dublin or 8am in Brussels, Berlin and Paris on Apple, Spotify, YouTube or wherever you get your podcasts.
Monica Ricks 1:00
News when you want it with Bloomberg News Now. I'm Monica Ricks. The U.S. is still waiting on a response from Iran to its latest proposal to end the war. Secretary of State Marco Rubio says he expected to hear back last night.
Toby Howell 1:14
We're expecting a response from them. We'll see what the response entails. The hope is it's something that it can put us into a serious process of negotiation.
Monica Ricks 1:21
President Trump has suggested an end to hostilities and a U.S. blockade to reopen the Strait of Hormuz over the next month, despite the U.S. launching more airstrikes on two empty Iranian oil tankers. U.S. Central Command says they were trying to break the blockade and enter one of the country's ports. Meantime, Trump says the leaders of Russia and Ukraine have agreed to his request for a three-day ceasefire and exchange of prisoners.
Unknown 1:45
I've settled eight wars and actually nine, and now it looks like we could have ten, but I would love to make that the tenth.
Monica Ricks 1:51
Trump telling reporters at the White House that ceasefire will run through Monday. Today is Victory Day in Russia, which commemorates victory over Nazi Germany in World War II. The CDC says 17 American passengers aboard a hantavirus-hit cruise ship will quarantine in Nebraska after the ship docks in Spain's Canary Islands tomorrow. A team that specializes in handling patients with highly communicable diseases is set to meet and assess them. After that, they'll be monitored daily, but the World Health Organization has emphasized that hantavirus is not like COVID-19 and so far poses very low risk to the public. A scary incident last night at Denver International Airport where a Frontier jet hit a pedestrian on the runway during takeoff.
Unknown 2:38
We just hit somebody. We have an engine fire.
Monica Ricks 2:40
That sound courtesy of ATC.com. It's unclear how that person is doing, but Frontier says passengers were evacuated safely. The momentum trade was already running red hot, but a couple factors just piled on more fuel, helping Wall Street notch more records to end the week. Bloomberg's Charlie Pellett has details.
Charlie Pellett 2:58
Six weeks of gains for the S&P 500 index, up another 2.3%. Signs of labor market strength drove stocks to records. The jobs report boosted speculation that the U.S. economy remains resilient in the face of an energy shock triggered by the Iran war. For the week, the Dow advanced for a second week, up by 0.2%. NASDAQ was up for a sixth week, surging 4.5%. In New York, Charlie Pellett, Bloomberg Radio.
Monica Ricks 3:27
Goldman Sachs is pushing back expectations for the Federal Reserve's next two rate cuts as inflation proves a little stickier than anticipated. But Federal Reserve Bank of Chicago President Austin Goolsbee says all options are on the table right now.
Toby Howell 3:40
If we get some progress on inflation and we show we're headed back to a path of on our way to 2 percent inflation, I'm optimistic rates can go down. We just haven't been having that now for some time and that makes me more concerned and I'm less optimistic.
Monica Ricks 3:58
Goolsbee on Bloomberg TV. The Fed left rates unchanged late last month and Goolsbee's comments add to a deepening division among policymakers driven largely by an energy price shock triggered by the war in Iran.

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