Bloomberg Daybreak: US Edition

On today's podcast:

1) President Trump says he plans to start his reciprocal tariff push with all countries. Trump's tariffs are set to be unveiled on April 2 and will aim to rebalance global trade and boost US manufacturing. The Trump administration has not yet outlined what tariffs are coming, how they'll be calculated, or what countries will need to do to secure exemptions.

2) The president threatens Russian oil penalties if Vladimir Putin refuses a ceasefire with Ukraine. Trump said he was "very angry" at Vladimir Putin and threatened "secondary tariffs" on buyers of Russian oil if Putin refuses a ceasefire with Ukraine. Trump also threatened to punish Tehran with unspecified "secondary tariffs" and raised the threat of bombing Iran until it signs a deal that renounces nuclear weapons.

3) Elon Musk says his role at DOGE is costing him a lot in terms of his job as CEO of Tesla. Musk's political activities have led to a 45% drop in Tesla shares since their peak last year, causing his personal wealth to decline by over $100 billion this year.

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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 US March jobs and a look at the potential impact of auto tariffs. 
•    In the UK – an assessment of NATO's position amid growing global tensions.
•    In Asia – a preview of the Reserve Bank of Australia's next rate decision. 

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On today's podcast:

1) The US looks to control nearly all investment in Ukraine as President Trump pushes for ceasefire with Russia. the US is pushing for a deal that would give it control over major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv's other allies.

2) Defense Secretary Pete Hegseth faces Signal questions on his first trip to Asia. President Donald Trump dismissed the disclosure of Houthi attack plans in a Signal chat as a “glitch” with no impact on national security. However, intelligence experts argue that the disclosure gave foreign adversaries priceless insight into US spycraft.

3) Elon Musk says he can slash a trillion dollars from the Federal budget before this summer. Musk believes his Department of Government Efficiency can find that level of cost savings within 130 days from the start of Trump's term.

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On today's podcast:

1) President Donald Trump signed a proclamation to implement a 25% tariff on auto imports and floated further duties on the EU and Canada, expanding a trade war and triggering threats of retaliation.

 2) Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.

3) President Donald Trump and top allies struggled to fend off criticism over the inadvertent inclusion of a journalist in a Signal chat discussing military attacks in Yemen, after newly disclosed texts showed how Defense Secretary Pete Hegseth revealed specific operational details.

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On today's podcast:

1) US tariffs on copper imports could be coming within several weeks, months earlier than the deadline for a decision, according to people familiar with the matter. Copper traded in New York rose to a record.

2) President Donald Trump said his administration was investigating the addition of a journalist to a text group of top officials discussing plans for military strikes in Yemen, but expressed support for national security adviser Michael Waltz.

3) Average Wall Street bonuses surged last year, with the total pool for payouts jumping to a record $47.5 billion as industry profits soared.

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On today's podcast:

 1) The Atlantic’s top editor said he was added to a text group in which top US officials discussed detailed plans to bomb Houthi targets in Yemen with other top US officials, an extraordinary breach of security from an administration that has repeatedly vowed to clamp down on leaks.

2) President Donald Trump said he will announce tariffs on automobile imports in the coming days — and indicated nations will receive breaks from next week’s “reciprocal” tariff

3) Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.

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Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 3,000 journalists and analysts.

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On today's podcast:

1) Markets get a lift on word President Trump's tariffs will be more targeted. President Trump is preparing to announce "reciprocal tariffs" on April 2, targeting countries that have tariffs or barriers on US goods, but excluding some nations and blocs.

2) Separate ceasefire talks continue between the U-S, Ukraine and Russia. The White House aims to reach a truce agreement in the Russia-Ukraine war by April 20, but recognizes that the timeline may slip due to large gaps between the two sides' positions.

3) Mark Carney takes aim at Trump as he launches his election campaign in Canada. Canadian Prime Minister Mark Carney has called an election for April 28, with polls showing a close contest between his Liberal Party and the Conservatives.

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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 U.S CPI and PCE data, along with a look at the impact of tariffs on housing.
• In the UK – a preview of UK Chancellor Rachel Reeves’ spring statement.
• In Asia – a preview of Chinese EV Maker BYD’s earnings.

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1) London's Heathrow airport will be closed all day Friday due to a major power outage caused by a nearby fire at an electrical substation. The airport advises passengers not to travel to the airport, and disruptions are expected to continue over the coming days, with hundreds of flights already canceled.

2) President Trump denied a report that Elon Musk would be briefed on the American military's contingency planning for a potential war with China. Defense Secretary Pete Hegseth confirmed that Musk would visit the Pentagon, but characterized the meeting as an informal discussion about innovation, efficiencies, and smarter production.

3) President Trump signed an executive order to largely dismantle the Education Department, directing Education Secretary Linda McMahon to "take all necessary steps to facilitate the closure" of the department. The move is part of Trump's vision to overhaul the US government, with the goal of transferring the department's functions to states and reducing its workforce of over 4,000 employees by nearly half.

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