April 14, 2025 • 16 mins
On today's podcast:
1) President Trump warns his pause on import duties on phones, computers and popular consumer electronics are just temporary. The president has exempted certain electronics from tariffs, but says it's a temporary measure and that a different tariff will be applied to the sector soon. Trump plans to announce a tariff rate for semiconductors in the coming week and is open to discussing the scope of the tariff with companies.
2) Bank Earnings continue with Goldman Sachs reporting this morning. Despite the strong trading revenue, investors are concerned about the impact of tariffs and recession fears on all of the big banks' performance, and executives are expected to continue to strike a cautious tone.
3) Jeff Bezos' Blue Origin is launching an all-women crew on its New Shepard rocket, including Katy Perry, Bezos' fiancée Lauren Sánchez, and other notable women, on a roughly 11-minute trip to the edge of space. This launch is Blue Origin's 11th human spaceflight, following recent successes and challenges, including a workforce
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm John Tucker and I'm Karen Moscow. Here
are the stories we're following today, and.
Speaker 3 (00:14):
Carol, We're gonna bring you the latest on Terrence and
the markets in a moment. But first let's begin with history.
At Augusta, Rory McElroy is one of the Masters to
complete a career Grand Slam. Get the very latest with
Bloomberg Sports reporter John's statshera this morning. And John wasn't
easy for Rory.
Speaker 4 (00:32):
Yeah, certainly not John. It was one of the most
memorable Sundays at the Masters. Perhaps no champion endured such
a roller coaster of emotions on the final day. But
on the first hole of the playoff with Justin Rose,
Rory McElroy stood over a three foot birdie putt.
Speaker 5 (00:51):
How's his masterpiece?
Speaker 4 (00:52):
That's on CBS. That putt came shortly after McElroy missed
a five foot are on the same eighteenth hole that
would have won it in regulation. He had earlier blown
what was briefly a five shot lead on the back nine.
But the green jacket is his, and so is that
career Grand Slam. Only the six who have won all
four majors. Who was McElroy's first major victory in eleven years.
Be back a little later in sports with reaction John Staneshaware,
(01:15):
Bloomberg Radio.
Speaker 2 (01:16):
All right, sounds good, thanks John, Well. Turning out to
the markets and tariffs. The lift in stocks comes after
President Trump announced that popular consumer electronics, including phones and laptops,
would be exempt from the planned one hundred and twenty
five percent tariffs on Chinese goods and ten percent global levies. However,
yesterday the President said it's a temporary measure and that
(01:37):
a different tariff will be applied to the sector soon.
He spoke to reporters on board Air Force One.
Speaker 6 (01:43):
The tariffs will be in place in the non distant future, because,
as you.
Speaker 7 (01:47):
Know, like we did with steel, like we did with.
Speaker 6 (01:50):
Automobiles, like we did with aluminum, which are now fully on,
we'll be doing that with semiconductors, with chips and numerous
other things that take place in the very near future.
Speaker 3 (02:02):
We rate the good semiconductor.
Speaker 8 (02:04):
I'm going to be.
Speaker 6 (02:04):
Announcing it over the next week.
Speaker 2 (02:06):
Any exemptions are a temporary reprieve for companies like Apple.
Antstock is at more than five percent this morning, and
video broad common inteller at more than two percent. Stick
with Bloomberg for the latest on tariffs. We have an
exclusive interview at Treasury Secretary Scott Bessant that's at four
forty five Wall Street time on Bloomberg Radio, Bloomberg Television,
and the Bloomberg Podcast page on YouTube and Karen.
Speaker 3 (02:28):
The latest terror posts from the US come as new
data shows China's exports search last month. Exports this is
in dollar terms far exceeded all for a chasterize twelve
point four percent, with a near nine percent rise in
goods being sent to the US. So these figures suggest
that a lot of companies were front loading orders in
March to get ahead of the looming tariffs. The data
(02:49):
also reveals that Chinese exports to Southeast Asia reached their
second highest level on record.
Speaker 2 (02:55):
Well John JP Morgan Asset Management's Bob Michael believes treasuries
may have hit their price low and yelled high. He
did a robust forign demand and expected fed support. He
spoke at Bloomberg yesterday on a special edition of Bloomberg Surveillance.
Speaker 7 (03:10):
I think we've seen three soft policy responses. The first
came from the administration. You already went through. They gave
us a ninety day reprieve. That's fine, and they took
some of the tariffs off of electronics for the time being.
That's okay. That's backing up. The second came from Congress
where the House passed the Senate Budget Resolution, So Congress
(03:33):
in a way gave us something. And then I'm going
to say the third is Susan Collins finally sending us
home over the weekend saying, yeah, the Fed's watching this.
We got this.
Speaker 2 (03:43):
And JP Morgan now said Managements Bob Michael's comments come
after treasury suffered their biggest slump since two thousand and
one last week. Checking treasuries right now, they yield on
the ten uere is at four point four six percent,
the two year yield three point nine two percent, the
thirty year yeld three point eight seven percent. And here
the full conversation on the Bloomberg Surveillance podcast feed or
(04:03):
watch it on the Bloomberg podcast page on YouTube.
Speaker 3 (04:06):
And we're also following the price at gold. Right now,
the precious metal is trading at thirty two forty five dollars.
An ounce to Wall Street firms also expected to go higher.
Goldvin sacks at ubs that you shoued another round of
bullish falls for gold was stronger than expended. Central bank
demand of the medals role as a hedge against recession
and geopolitical risk. Golblan now sees gold rallying to thirty
(04:28):
seven hundred dollars announced by the end of this year,
with prices set to hit four thousand dollars announced by
mid twenty twenty six.
Speaker 2 (04:36):
Well John wall Street also awaits another round of bank earnings.
This morning we hear from Goldman Sachs and we again more
with the Bloomberg Intelligence. It's Alison Williams.
Speaker 9 (04:44):
We're expecting to see trading strength at Goldman Sachs, especially
following the strong results that we got from JP Morgan
and Morgan Stanley forty five to fifty percent gains at
equity trading. We expect Goldman is going to share in
these results. They're typically the trading leader in that business.
Fees have come in a little bit weaker so far.
(05:05):
We expect that Goldvinzachs may tell us a little bit
about CEOs wanting to stay on the sidelines given all
of this volatility. So volatility helping trading, it's hurting fees
We're also going to be looking at what the bank
is doing on its staffing levels. Bloomberg News has reported
about potential cuts in the investment banking staffing, and we
(05:25):
think that is going to be the truest look in
terms of what the bank thinks is going to happen
with fees in the months ahead.
Speaker 2 (05:32):
And as Allison Williams of Bloomberg Intelligence who says, look
for Goldman earnings around seven thirty am Wall Street Time and.
Speaker 3 (05:40):
Karen, that brings us to our next story right here
on Bloomberg Radio. And the Federal Aviation Administration says the
helicopter Tour company who was sight seeing chopper broke apart
in flight and crashed in New York, killing the pilot
at a family of five visitors from Spain, is shutting
down operations immediately. The FAA, in a statement posted on
x also said would launch an immediate review of New
(06:02):
York Helicopter Tour's operating license and safety record. Set up.
An Arty leader, Schuck Schumer of New York, is calling
for tighter restrictions on helicopter companies.
Speaker 10 (06:12):
I'm demanding the FAA increased what are called ramp inspections
at other helicopter tour companies, a ramp inspection is a
surprise inspection they show up unannounced.
Speaker 3 (06:22):
Schumer also said other regulations should include limits on aircraft age,
greater pilot experience requirements, and stronger financial standards to prevent
cost cutting on safety and.
Speaker 2 (06:33):
Finally, John Blue Origin is set to launch a high
profile all women crew on its flagship space Tourism Rocket
later today. It'll be bringing crew members including pop star
Katie Perry and Jeff Bezos's fiance Lawrence Sanchez, to the
edge of space and back, and Perry preview the flight
on a post to Instagram.
Speaker 11 (06:52):
I do believe this. I'm not going to say I
can't believe I'm here. I do believe this because I
think that believing your dreams and saying that is actually
how you make your dreams come true.
Speaker 2 (07:06):
And the flight is set to launch a nine thirty
am New York time from a West Texas and a
roughly eleven minute trip for a quick experience of witlessness.
The other members on board our CBS's Gail King, producer,
carry Ann Flynn, former NASIS scientist Aisha bo and Amanda Wynn,
a bioastronautics research scientist and advocate for survivors of sexual violence.
(07:29):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that we're joined by Bloomberg's Michael Barr Michael,
good Morning.
Speaker 8 (07:35):
Good Morning Careen. A man is facing charges after authority
say he broke into the Pennsylvania governor's mansion over night Sunday,
set a fire that left significant damage and forced Governor
johsh Shapiro and his family and guests to evacuate the house.
And happened during the Jewish holiday of Passover. No injuries
were reported, but a significant portion of the mansion was damaged.
(07:57):
Later Sunday, Governor Shapiro spoke to reporters.
Speaker 12 (08:00):
I'm going to do my best to be your governor
and right now to be a good husband and father
to my family. Were obviously traumatized by what occurred here
last night.
Speaker 8 (08:10):
The authorities have identified the suspect as thirty eight year
old Cody Bohmer of Harrisburg, and say he was arrested
later in the day. The NTSB is investigating another aircraft fatality,
this one in a rural part of upstate New York.
In Copeke, Columbia County. Over the weekend, a small plane
departed from Westchester County Airport, but it crashed in a
(08:31):
wooded area. NTSB investigator Albert Nixon shared the last communication
the airport had with the pilot before the crash.
Speaker 13 (08:39):
The pilot reported and missed approach. He requested vectors for
another approach, and as he is being vectored, the radar
indicated a low altitude alert.
Speaker 8 (08:52):
It is said one of the victims included Corina Groff,
who recently was named the NCAA Woman of the Year.
Russian missile attacks struck the heart of the Ukrainian city
of Sumi as people gathered to celebrate Palm Sunday. Officials
say the strike killed at least thirty four people. Ukrainian
President Vladimir Zelenski says he wants President Trump to come
(09:13):
see how the war has impacted his country before making
any major decisions. Amid talk of a potential deal to
end Russia's ongoing war. Come look, and then let's move
with the plan how to finish the war.
Speaker 13 (09:29):
You will understand with whom you have a deal.
Speaker 8 (09:33):
Zelenski spoke to CBS's sixty Minutes Global news twenty four
hours a day and whenever you want it with the
Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg Karen.
Speaker 2 (09:42):
All right, Michael Barr, thank you time now for the
Bloomberg Sports Update. Here's John stash Hour again. John Giburning,
Good morning, Karen.
Speaker 4 (09:53):
What a Sunday it was that the Masters. Rory mcclroy
was ahead, and then behind, and then back ahead, even
at one point by five five shots on the back
ninety blew that league got it back with a birdie
and near eagle on fifteen. He missed the putt on
the last hole that would have won on the Green
Jackets after winning eleven years to win a major had
to wait a little longer, but he came back on
that same eighteen pole in the playoff with Justin Roseen.
(10:16):
This time the putt went in and McElroy's long major
draft was over with his first Master's fifty.
Speaker 5 (10:23):
You know, there were points in my career where I
didn't know if I would have this nice garment over
my shoulders. But I didn't make it easy today. I
certainly didn't make it easy. I was nervous. It was
one of the toughest days I've ever had on the
golf course.
Speaker 4 (10:41):
Victory completes the career Grand Slam six to have one
all four. He joins Gene saraz In, Van Hogan, Jack Nicholas,
Gary Player and Tiger Wood. It's the second Master's playoff
defeat for Rose, who made a furious charge to get
in to Fenny Champ. Scottie Scheffer finished fourth. They at
the Stadium, Yankees let the Giants three one sixth any
when Jung Whole hit a three line homer. He had
(11:01):
hit a solo shot earlier. Both came off Carlos Goudan.
Giants won five to four. Yankees have lost four to
the last six. Mets beat the A's and Sacramento eight
to nothing. They scored all eight over the last four innings.
Gode I Sanga hurld seven score has allowed just four hits.
The Nationals lost in Miami eleven to four. Red Sox
beat the White Sox three to one. Islanders top the
Devils won nothing. The next playoff opener will be Saturday
(11:23):
six o'clock at the Garden against Detroit. The Nicks finished
fifty one and thirty one. They sat out their starters
still beat the Nets one thirteen to one oh five.
The Clippers won at Golden State in overtime. That means
the Warriors have to play Memphis and the play in
game tomorrow. John Stashiewart Bloomberg Sports kenon.
Speaker 1 (11:39):
Johnny Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (11:53):
Hey, good morning, I'm John Tucker. President Trump's applause on
terras for certain electronics is only temporary, insisting in his words,
that nobody is getting off the hook. What this comes
after what sounded like an exemption to the extent we can.
We're it's going to get some clarity this morning. We're
joined by Bloomberg News Senior editor Bill Ferries. Trade Policy
(12:14):
Bill sounds a little ad hot. What do we know
for sure?
Speaker 14 (12:19):
Well, yeah, I think if you look at what we've
been all been through over the last week, the administration
is really pushing back on this idea that they're stepping
away from this strategy of tariffs, despite having put a
pause on those ninety day pause on those reciprocal tariffs
that were briefly in place last week and then over
(12:39):
the weekend basically saying that they are holding off on
one hundred and forty five percent tariffs on a lot
of consumer electronics and other things like that coming in
from China. President Trump's saying over the weekend that nobody's
off the hook, that he is simply coming up with
a different bucket of teriffs that he plants to apply
(13:01):
to things with semiconductors and chips in them. So there
is a reprieve for companies like let's say, Apple and
Samsung and Nvidia that we're bringing in devices with chips,
but it's not clear how long of a reprieve they
will ultimately get.
Speaker 3 (13:16):
Here is this reprieve, if you want to call it that,
in the indication that the products may soon be subject
to a completely different tarif.
Speaker 14 (13:27):
It is, I mean, the way the administration is talking
is they're talking about putting this in a different bucket,
just like you know they've essentially done with steel and
aluminum tariffs, which steel and aluminum imports which face a
set tariff coming in automobiles. They've talked about doing something
like this with a lumber that comes in largely from
(13:47):
Canada having those set up to a separate a separate
number basically from the other goods that come in from
the country. Now, we don't know what that number is
going to be. Ultimately it would presumably be less than
one hundred and four five percent. Howard Lutnick over the weekend,
saying that the administration plans to make an announcement in
the Federal Register this week essentially, which would essentially lay
(14:11):
out some of the details that are really lacking right
now and presumably give a couple months for comments, and
of course perhaps lobbying from the different sectors and companies
would be affected by it.
Speaker 3 (14:23):
So the range right now, as I understand it is
the bottom would be ten percent, the top would be
one hundred and twenty five percent. So what we're looking
at is somewhere in between that going forward for.
Speaker 14 (14:34):
This somewhere in between that. But even when you know
around it, it's a pretty vast range, and it makes
it very hard for you know, companies to make any
long term plans. If you're thinking about how many, you know,
how many cargo containers you're going to need six months
down the road, that's a that's a very difficult thing.
To imagine at this point. But even that ten percent tariff,
(14:57):
the flat rate that President Trump has put on, he
said that in some cases he may be willing to
negotiate over that as well, so it could go lower,
either for some countries or some specific companies or sectors.
So you know, the clarity has really not increased, although
I think what we've seen for some companies. You think
(15:19):
about a company like Apple or Nvidia, for instance, they're
certainly breathing a little easier than they were perhaps, you know,
ninety six hours ago.
Speaker 2 (15:26):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 3 (15:33):
Look for us on your podcast feed by six am
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Speaker 2 (15:40):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
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Speaker 3 (15:54):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (16:01):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news, whenever you want it in five minutes
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platform to stay informed all day long. I'm Karen Moscow.
Speaker 3 (16:14):
I'm John Tucker. Join us again tomorrow morning for all
the news you need to start your day, right here
on Bloomberg day Break.
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:10):
Good morning, I'm John Tucker and I'm Karen Moscow. Here
are the stories we're following today, and.
Speaker 3 (00:14):
Carol, We're gonna bring you the latest on Terrence and
the markets in a moment. But first let's begin with history.
At Augusta, Rory McElroy is one of the Masters to
complete a career Grand Slam. Get the very latest with
Bloomberg Sports reporter John's statshera this morning. And John wasn't
easy for Rory.
Speaker 4 (00:32):
Yeah, certainly not John. It was one of the most
memorable Sundays at the Masters. Perhaps no champion endured such
a roller coaster of emotions on the final day. But
on the first hole of the playoff with Justin Rose,
Rory McElroy stood over a three foot birdie putt.
Speaker 5 (00:51):
How's his masterpiece?
Speaker 4 (00:52):
That's on CBS. That putt came shortly after McElroy missed
a five foot are on the same eighteenth hole that
would have won it in regulation. He had earlier blown
what was briefly a five shot lead on the back nine.
But the green jacket is his, and so is that
career Grand Slam. Only the six who have won all
four majors. Who was McElroy's first major victory in eleven years.
Be back a little later in sports with reaction John Staneshaware,
(01:15):
Bloomberg Radio.
Speaker 2 (01:16):
All right, sounds good, thanks John, Well. Turning out to
the markets and tariffs. The lift in stocks comes after
President Trump announced that popular consumer electronics, including phones and laptops,
would be exempt from the planned one hundred and twenty
five percent tariffs on Chinese goods and ten percent global levies. However,
yesterday the President said it's a temporary measure and that
(01:37):
a different tariff will be applied to the sector soon.
He spoke to reporters on board Air Force One.
Speaker 6 (01:43):
The tariffs will be in place in the non distant future, because,
as you.
Speaker 7 (01:47):
Know, like we did with steel, like we did with.
Speaker 6 (01:50):
Automobiles, like we did with aluminum, which are now fully on,
we'll be doing that with semiconductors, with chips and numerous
other things that take place in the very near future.
Speaker 3 (02:02):
We rate the good semiconductor.
Speaker 8 (02:04):
I'm going to be.
Speaker 6 (02:04):
Announcing it over the next week.
Speaker 2 (02:06):
Any exemptions are a temporary reprieve for companies like Apple.
Antstock is at more than five percent this morning, and
video broad common inteller at more than two percent. Stick
with Bloomberg for the latest on tariffs. We have an
exclusive interview at Treasury Secretary Scott Bessant that's at four
forty five Wall Street time on Bloomberg Radio, Bloomberg Television,
and the Bloomberg Podcast page on YouTube and Karen.
Speaker 3 (02:28):
The latest terror posts from the US come as new
data shows China's exports search last month. Exports this is
in dollar terms far exceeded all for a chasterize twelve
point four percent, with a near nine percent rise in
goods being sent to the US. So these figures suggest
that a lot of companies were front loading orders in
March to get ahead of the looming tariffs. The data
(02:49):
also reveals that Chinese exports to Southeast Asia reached their
second highest level on record.
Speaker 2 (02:55):
Well John JP Morgan Asset Management's Bob Michael believes treasuries
may have hit their price low and yelled high. He
did a robust forign demand and expected fed support. He
spoke at Bloomberg yesterday on a special edition of Bloomberg Surveillance.
Speaker 7 (03:10):
I think we've seen three soft policy responses. The first
came from the administration. You already went through. They gave
us a ninety day reprieve. That's fine, and they took
some of the tariffs off of electronics for the time being.
That's okay. That's backing up. The second came from Congress
where the House passed the Senate Budget Resolution, So Congress
(03:33):
in a way gave us something. And then I'm going
to say the third is Susan Collins finally sending us
home over the weekend saying, yeah, the Fed's watching this.
We got this.
Speaker 2 (03:43):
And JP Morgan now said Managements Bob Michael's comments come
after treasury suffered their biggest slump since two thousand and
one last week. Checking treasuries right now, they yield on
the ten uere is at four point four six percent,
the two year yield three point nine two percent, the
thirty year yeld three point eight seven percent. And here
the full conversation on the Bloomberg Surveillance podcast feed or
(04:03):
watch it on the Bloomberg podcast page on YouTube.
Speaker 3 (04:06):
And we're also following the price at gold. Right now,
the precious metal is trading at thirty two forty five dollars.
An ounce to Wall Street firms also expected to go higher.
Goldvin sacks at ubs that you shoued another round of
bullish falls for gold was stronger than expended. Central bank
demand of the medals role as a hedge against recession
and geopolitical risk. Golblan now sees gold rallying to thirty
(04:28):
seven hundred dollars announced by the end of this year,
with prices set to hit four thousand dollars announced by
mid twenty twenty six.
Speaker 2 (04:36):
Well John wall Street also awaits another round of bank earnings.
This morning we hear from Goldman Sachs and we again more
with the Bloomberg Intelligence. It's Alison Williams.
Speaker 9 (04:44):
We're expecting to see trading strength at Goldman Sachs, especially
following the strong results that we got from JP Morgan
and Morgan Stanley forty five to fifty percent gains at
equity trading. We expect Goldman is going to share in
these results. They're typically the trading leader in that business.
Fees have come in a little bit weaker so far.
(05:05):
We expect that Goldvinzachs may tell us a little bit
about CEOs wanting to stay on the sidelines given all
of this volatility. So volatility helping trading, it's hurting fees
We're also going to be looking at what the bank
is doing on its staffing levels. Bloomberg News has reported
about potential cuts in the investment banking staffing, and we
(05:25):
think that is going to be the truest look in
terms of what the bank thinks is going to happen
with fees in the months ahead.
Speaker 2 (05:32):
And as Allison Williams of Bloomberg Intelligence who says, look
for Goldman earnings around seven thirty am Wall Street Time and.
Speaker 3 (05:40):
Karen, that brings us to our next story right here
on Bloomberg Radio. And the Federal Aviation Administration says the
helicopter Tour company who was sight seeing chopper broke apart
in flight and crashed in New York, killing the pilot
at a family of five visitors from Spain, is shutting
down operations immediately. The FAA, in a statement posted on
x also said would launch an immediate review of New
(06:02):
York Helicopter Tour's operating license and safety record. Set up.
An Arty leader, Schuck Schumer of New York, is calling
for tighter restrictions on helicopter companies.
Speaker 10 (06:12):
I'm demanding the FAA increased what are called ramp inspections
at other helicopter tour companies, a ramp inspection is a
surprise inspection they show up unannounced.
Speaker 3 (06:22):
Schumer also said other regulations should include limits on aircraft age,
greater pilot experience requirements, and stronger financial standards to prevent
cost cutting on safety and.
Speaker 2 (06:33):
Finally, John Blue Origin is set to launch a high
profile all women crew on its flagship space Tourism Rocket
later today. It'll be bringing crew members including pop star
Katie Perry and Jeff Bezos's fiance Lawrence Sanchez, to the
edge of space and back, and Perry preview the flight
on a post to Instagram.
Speaker 11 (06:52):
I do believe this. I'm not going to say I
can't believe I'm here. I do believe this because I
think that believing your dreams and saying that is actually
how you make your dreams come true.
Speaker 2 (07:06):
And the flight is set to launch a nine thirty
am New York time from a West Texas and a
roughly eleven minute trip for a quick experience of witlessness.
The other members on board our CBS's Gail King, producer,
carry Ann Flynn, former NASIS scientist Aisha bo and Amanda Wynn,
a bioastronautics research scientist and advocate for survivors of sexual violence.
(07:29):
Time now for a look at some of the other
stories making news in New York and around the world,
and for that we're joined by Bloomberg's Michael Barr Michael,
good Morning.
Speaker 8 (07:35):
Good Morning Careen. A man is facing charges after authority
say he broke into the Pennsylvania governor's mansion over night Sunday,
set a fire that left significant damage and forced Governor
johsh Shapiro and his family and guests to evacuate the house.
And happened during the Jewish holiday of Passover. No injuries
were reported, but a significant portion of the mansion was damaged.
(07:57):
Later Sunday, Governor Shapiro spoke to reporters.
Speaker 12 (08:00):
I'm going to do my best to be your governor
and right now to be a good husband and father
to my family. Were obviously traumatized by what occurred here
last night.
Speaker 8 (08:10):
The authorities have identified the suspect as thirty eight year
old Cody Bohmer of Harrisburg, and say he was arrested
later in the day. The NTSB is investigating another aircraft fatality,
this one in a rural part of upstate New York.
In Copeke, Columbia County. Over the weekend, a small plane
departed from Westchester County Airport, but it crashed in a
(08:31):
wooded area. NTSB investigator Albert Nixon shared the last communication
the airport had with the pilot before the crash.
Speaker 13 (08:39):
The pilot reported and missed approach. He requested vectors for
another approach, and as he is being vectored, the radar
indicated a low altitude alert.
Speaker 8 (08:52):
It is said one of the victims included Corina Groff,
who recently was named the NCAA Woman of the Year.
Russian missile attacks struck the heart of the Ukrainian city
of Sumi as people gathered to celebrate Palm Sunday. Officials
say the strike killed at least thirty four people. Ukrainian
President Vladimir Zelenski says he wants President Trump to come
(09:13):
see how the war has impacted his country before making
any major decisions. Amid talk of a potential deal to
end Russia's ongoing war. Come look, and then let's move
with the plan how to finish the war.
Speaker 13 (09:29):
You will understand with whom you have a deal.
Speaker 8 (09:33):
Zelenski spoke to CBS's sixty Minutes Global news twenty four
hours a day and whenever you want it with the
Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg Karen.
Speaker 2 (09:42):
All right, Michael Barr, thank you time now for the
Bloomberg Sports Update. Here's John stash Hour again. John Giburning,
Good morning, Karen.
Speaker 4 (09:53):
What a Sunday it was that the Masters. Rory mcclroy
was ahead, and then behind, and then back ahead, even
at one point by five five shots on the back
ninety blew that league got it back with a birdie
and near eagle on fifteen. He missed the putt on
the last hole that would have won on the Green
Jackets after winning eleven years to win a major had
to wait a little longer, but he came back on
that same eighteen pole in the playoff with Justin Roseen.
(10:16):
This time the putt went in and McElroy's long major
draft was over with his first Master's fifty.
Speaker 5 (10:23):
You know, there were points in my career where I
didn't know if I would have this nice garment over
my shoulders. But I didn't make it easy today. I
certainly didn't make it easy. I was nervous. It was
one of the toughest days I've ever had on the
golf course.
Speaker 4 (10:41):
Victory completes the career Grand Slam six to have one
all four. He joins Gene saraz In, Van Hogan, Jack Nicholas,
Gary Player and Tiger Wood. It's the second Master's playoff
defeat for Rose, who made a furious charge to get
in to Fenny Champ. Scottie Scheffer finished fourth. They at
the Stadium, Yankees let the Giants three one sixth any
when Jung Whole hit a three line homer. He had
(11:01):
hit a solo shot earlier. Both came off Carlos Goudan.
Giants won five to four. Yankees have lost four to
the last six. Mets beat the A's and Sacramento eight
to nothing. They scored all eight over the last four innings.
Gode I Sanga hurld seven score has allowed just four hits.
The Nationals lost in Miami eleven to four. Red Sox
beat the White Sox three to one. Islanders top the
Devils won nothing. The next playoff opener will be Saturday
(11:23):
six o'clock at the Garden against Detroit. The Nicks finished
fifty one and thirty one. They sat out their starters
still beat the Nets one thirteen to one oh five.
The Clippers won at Golden State in overtime. That means
the Warriors have to play Memphis and the play in
game tomorrow. John Stashiewart Bloomberg Sports kenon.
Speaker 1 (11:39):
Johnny Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (11:53):
Hey, good morning, I'm John Tucker. President Trump's applause on
terras for certain electronics is only temporary, insisting in his words,
that nobody is getting off the hook. What this comes
after what sounded like an exemption to the extent we can.
We're it's going to get some clarity this morning. We're
joined by Bloomberg News Senior editor Bill Ferries. Trade Policy
(12:14):
Bill sounds a little ad hot. What do we know
for sure?
Speaker 14 (12:19):
Well, yeah, I think if you look at what we've
been all been through over the last week, the administration
is really pushing back on this idea that they're stepping
away from this strategy of tariffs, despite having put a
pause on those ninety day pause on those reciprocal tariffs
that were briefly in place last week and then over
(12:39):
the weekend basically saying that they are holding off on
one hundred and forty five percent tariffs on a lot
of consumer electronics and other things like that coming in
from China. President Trump's saying over the weekend that nobody's
off the hook, that he is simply coming up with
a different bucket of teriffs that he plants to apply
(13:01):
to things with semiconductors and chips in them. So there
is a reprieve for companies like let's say, Apple and
Samsung and Nvidia that we're bringing in devices with chips,
but it's not clear how long of a reprieve they
will ultimately get.
Speaker 3 (13:16):
Here is this reprieve, if you want to call it that,
in the indication that the products may soon be subject
to a completely different tarif.
Speaker 14 (13:27):
It is, I mean, the way the administration is talking
is they're talking about putting this in a different bucket,
just like you know they've essentially done with steel and
aluminum tariffs, which steel and aluminum imports which face a
set tariff coming in automobiles. They've talked about doing something
like this with a lumber that comes in largely from
(13:47):
Canada having those set up to a separate a separate
number basically from the other goods that come in from
the country. Now, we don't know what that number is
going to be. Ultimately it would presumably be less than
one hundred and four five percent. Howard Lutnick over the weekend,
saying that the administration plans to make an announcement in
the Federal Register this week essentially, which would essentially lay
(14:11):
out some of the details that are really lacking right
now and presumably give a couple months for comments, and
of course perhaps lobbying from the different sectors and companies
would be affected by it.
Speaker 3 (14:23):
So the range right now, as I understand it is
the bottom would be ten percent, the top would be
one hundred and twenty five percent. So what we're looking
at is somewhere in between that going forward for.
Speaker 14 (14:34):
This somewhere in between that. But even when you know
around it, it's a pretty vast range, and it makes
it very hard for you know, companies to make any
long term plans. If you're thinking about how many, you know,
how many cargo containers you're going to need six months
down the road, that's a that's a very difficult thing.
To imagine at this point. But even that ten percent tariff,
(14:57):
the flat rate that President Trump has put on, he
said that in some cases he may be willing to
negotiate over that as well, so it could go lower,
either for some countries or some specific companies or sectors.
So you know, the clarity has really not increased, although
I think what we've seen for some companies. You think
(15:19):
about a company like Apple or Nvidia, for instance, they're
certainly breathing a little easier than they were perhaps, you know,
ninety six hours ago.
Speaker 2 (15:26):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 3 (15:33):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 2 (15:40):
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 serious
XM Channel one twenty one.
Speaker 3 (15:54):
Plus listen coast to coast on the Bloomberg Business app
now with Applecarplay and Android auto interfaces.
Speaker 2 (16:01):
And don't forget to subscribe to Bloomberg News Now. It's
the latest 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 Karen Moscow.
Speaker 3 (16:14):
I'm John Tucker. Join us again tomorrow morning for all
the news you need to start your day, right here
on Bloomberg day Break.
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