April 18, 2025 • 5 mins
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Speaker 1 (00:00):
News when you want it with Bloomberg News now i
med Kalki. The US is prepared to recognize Russian control
of the Ukrainian region of Crimea as part of a
broader peace agreement between Moscow and Kei if this according
to people familiar with the matter, the potential concession is
the latest signal that President Trump is eager to cement
a ceasefire deal, and comes as he and Secretary of
(00:23):
State Marco Rubio suggested Friday that the administration is prepared
to move on from its peace brokering efforts unless progress
is made quickly. Crimea was taken by the Kremlin in
twenty fourteen following an invasion and subsequent referendum held under occupation,
and the international community has resisted recognizing the peninsula as
Russian to avoid legitimizing the illegal annexation. Treasury Secretary Scott
(00:47):
Besson appoint at his deputy Michael Falkender as the next
acting Commissioner of the IRS after reports the current leader
of the agency, Gary Shapley, had been installed at the
urging of Elon Musk without Beson's knowledge. Trust must be
brought back to the IRS. Besson said this an opposed
to ex on Friday, calling Falkander the right man for
the moment. Bessen said Shapely, who gained fame in conservative
(01:09):
circles after claiming the Justice Department had stalled an investigation
into whether former President Joe Biden's son had underpaid his taxes,
would remain among his most senior advisors. Donald Trump is
studying whether he's able to fire Federal Reserve Chairman Jerome Powell,
his top economist, said this Friday, a day after the
president publicly criticized the head of the Central Bank for
(01:29):
not moving fast enough to slash interest rates. Kevin Hassett
suggested that the FED under Powell, who was appointed by
Trump during his first term, acted politically to benefit Democrats.
Speaker 2 (01:41):
In right away spending from Joe Biden was textbook inflationary,
and we didn't see anybody worrying about that. And then
they cut rates right ahead of the election.
Speaker 3 (01:49):
And so if you think that it's unacceptable for President
Trump to.
Speaker 2 (01:53):
Be frustrated with the policy history of the FED, that
I think that you gotta LIKETU explaining the dam.
Speaker 1 (01:59):
On Thursday and A, Trump repeatedly aired his criticism of
Powell and suggests that he had the ability to remove
the FED cheer while sidestepping questions on whether it was
a path he would pursue. A federal judge who blocked
President Trump's administration from dismantling the Consumer Financial Protection Bureau
ruled Friday that the bureau cannot go forward immediately with
its plans to mess fire hundreds of employees. US District
(02:21):
Judge Amy Berman Jackson said she is deeply concerned that
Trump administration officials are not complying with her earlier order
that maintains the Bureau's existence until she rules on the
merits of a lawsuit seeking to preserve it. Capital One
received approval from US regulators to buy Discover Financial Services,
a deal which creates the nation's biggest credit card issuer
(02:42):
by loan volume. The Federal Reserve in the Office of
the Controller of the Currency regulators responsible for approving the
deal announced their decisions in separate statements on Friday. A
more profitable Netflix makes a major change to how it
reports earnings. Bloomberg's Andrew O'Day has the story.
Speaker 3 (03:00):
Rice increase, and a strong slate of programming across the globe,
including the hit UK series Adolescence, help propel Netflix to
a better than forecast profit to start the year. The
owner of the world's most popular online TV network says
earnings increased by a quarter in the first quarter, sales
rose thirteen percent. This is the first time Netflix has
reported financial results without disclosing how many customers it eded
(03:21):
or lost. That had been the main yardstick investors used
to gauge the company's success. And Rode Bloomberg.
Speaker 1 (03:28):
Radio, tariffs are giving second hand shops a new lease
on life. We get more on this from Bloomberg's Denise Pellegrini.
Speaker 4 (03:35):
Things may be looking up for goodwill, the Salvation Army, Facebook, Marketplace, eBay, Postmark,
thread Up, and others thanks to President Trump's tariffs and
tariff threats because increases in tariffs on imported clothes give
second hen retailers here in the US and edge. According
to Dylan Carden, consumer analyst at William Blair, drift is not.
Speaker 2 (03:53):
Up against the same issue, so they can hold their
prices study in. Because of that, there would be a
better value proper position. Because of that, you think there'd
be higher demand.
Speaker 4 (04:02):
Higher demand on top of already increasing interest in use clothing,
especially among younger generations.
Speaker 2 (04:08):
Online cutting gamification if you will, Let's drift and the
Stigma's Gone.
Speaker 4 (04:12):
Thread Up says consumers are worried tariffs will make clothes
more expensive, and almost sixty percent plan to seek more
affordable options. Poshmark says tariffs makes secondhand and increasingly cost
effective resource for US consumers, and Capital One says consumers
who shop secondhand can save more than seventeen hundred dollars
a year. Denise Pelgritty Bloomberg Radio.
Speaker 1 (04:32):
Markets were closed with the Good Friday holiday. The US
Treasury Secretary must defend the Trump Administration's unpredictable economic agenda
while maintaining investors faith in US bonds. Scott Besson's Tightrope Walk.
You can read all about it in Bloomberg's weekend edition,
exploring the places where finance, life and culture meat. Find
it now on Bloomberg dot Com and the Bloomberg Business app.
(04:53):
That's News when you want it with Bloomberg News Now.
I made Kolengi.
Speaker 2 (04:57):
This is Bloomberg
News when you want it with Bloomberg News now i
med Kalki. The US is prepared to recognize Russian control
of the Ukrainian region of Crimea as part of a
broader peace agreement between Moscow and Kei if this according
to people familiar with the matter, the potential concession is
the latest signal that President Trump is eager to cement
a ceasefire deal, and comes as he and Secretary of
(00:23):
State Marco Rubio suggested Friday that the administration is prepared
to move on from its peace brokering efforts unless progress
is made quickly. Crimea was taken by the Kremlin in
twenty fourteen following an invasion and subsequent referendum held under occupation,
and the international community has resisted recognizing the peninsula as
Russian to avoid legitimizing the illegal annexation. Treasury Secretary Scott
(00:47):
Besson appoint at his deputy Michael Falkender as the next
acting Commissioner of the IRS after reports the current leader
of the agency, Gary Shapley, had been installed at the
urging of Elon Musk without Beson's knowledge. Trust must be
brought back to the IRS. Besson said this an opposed
to ex on Friday, calling Falkander the right man for
the moment. Bessen said Shapely, who gained fame in conservative
(01:09):
circles after claiming the Justice Department had stalled an investigation
into whether former President Joe Biden's son had underpaid his taxes,
would remain among his most senior advisors. Donald Trump is
studying whether he's able to fire Federal Reserve Chairman Jerome Powell,
his top economist, said this Friday, a day after the
president publicly criticized the head of the Central Bank for
(01:29):
not moving fast enough to slash interest rates. Kevin Hassett
suggested that the FED under Powell, who was appointed by
Trump during his first term, acted politically to benefit Democrats.
Speaker 2 (01:41):
In right away spending from Joe Biden was textbook inflationary,
and we didn't see anybody worrying about that. And then
they cut rates right ahead of the election.
Speaker 3 (01:49):
And so if you think that it's unacceptable for President
Trump to.
Speaker 2 (01:53):
Be frustrated with the policy history of the FED, that
I think that you gotta LIKETU explaining the dam.
Speaker 1 (01:59):
On Thursday and A, Trump repeatedly aired his criticism of
Powell and suggests that he had the ability to remove
the FED cheer while sidestepping questions on whether it was
a path he would pursue. A federal judge who blocked
President Trump's administration from dismantling the Consumer Financial Protection Bureau
ruled Friday that the bureau cannot go forward immediately with
its plans to mess fire hundreds of employees. US District
(02:21):
Judge Amy Berman Jackson said she is deeply concerned that
Trump administration officials are not complying with her earlier order
that maintains the Bureau's existence until she rules on the
merits of a lawsuit seeking to preserve it. Capital One
received approval from US regulators to buy Discover Financial Services,
a deal which creates the nation's biggest credit card issuer
(02:42):
by loan volume. The Federal Reserve in the Office of
the Controller of the Currency regulators responsible for approving the
deal announced their decisions in separate statements on Friday. A
more profitable Netflix makes a major change to how it
reports earnings. Bloomberg's Andrew O'Day has the story.
Speaker 3 (03:00):
Rice increase, and a strong slate of programming across the globe,
including the hit UK series Adolescence, help propel Netflix to
a better than forecast profit to start the year. The
owner of the world's most popular online TV network says
earnings increased by a quarter in the first quarter, sales
rose thirteen percent. This is the first time Netflix has
reported financial results without disclosing how many customers it eded
(03:21):
or lost. That had been the main yardstick investors used
to gauge the company's success. And Rode Bloomberg.
Speaker 1 (03:28):
Radio, tariffs are giving second hand shops a new lease
on life. We get more on this from Bloomberg's Denise Pellegrini.
Speaker 4 (03:35):
Things may be looking up for goodwill, the Salvation Army, Facebook, Marketplace, eBay, Postmark,
thread Up, and others thanks to President Trump's tariffs and
tariff threats because increases in tariffs on imported clothes give
second hen retailers here in the US and edge. According
to Dylan Carden, consumer analyst at William Blair, drift is not.
Speaker 2 (03:53):
Up against the same issue, so they can hold their
prices study in. Because of that, there would be a
better value proper position. Because of that, you think there'd
be higher demand.
Speaker 4 (04:02):
Higher demand on top of already increasing interest in use clothing,
especially among younger generations.
Speaker 2 (04:08):
Online cutting gamification if you will, Let's drift and the
Stigma's Gone.
Speaker 4 (04:12):
Thread Up says consumers are worried tariffs will make clothes
more expensive, and almost sixty percent plan to seek more
affordable options. Poshmark says tariffs makes secondhand and increasingly cost
effective resource for US consumers, and Capital One says consumers
who shop secondhand can save more than seventeen hundred dollars
a year. Denise Pelgritty Bloomberg Radio.
Speaker 1 (04:32):
Markets were closed with the Good Friday holiday. The US
Treasury Secretary must defend the Trump Administration's unpredictable economic agenda
while maintaining investors faith in US bonds. Scott Besson's Tightrope Walk.
You can read all about it in Bloomberg's weekend edition,
exploring the places where finance, life and culture meat. Find
it now on Bloomberg dot Com and the Bloomberg Business app.
(04:53):
That's News when you want it with Bloomberg News Now.
I made Kolengi.
Speaker 2 (04:57):
This is Bloomberg
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