On today's podcast: 

1) Elon Musk expressed dissatisfaction with President Donald Trump’s giant tax bill, saying it undercut his efforts to slash government spending.

2) SpaceX’s colossal Starship rocket suffered a leak, tumbled out of control in space and disintegrated as it hurtled back to Earth during a test flight on Tuesday, the third setback in a row for the Elon Musk-led company.

3) Magnificent Seven stocks are mixed, with US stock futures edging lower, ahead of Nvidia’s earnings report slated for the afternoon.

On today's podcast:&nbsp;
1) Elon Musk expressed dissatisfaction with President Donald Trump&rsquo;s giant tax bill, saying it undercut his efforts to slash government spending.
2) SpaceX&rsquo;s colossal Starship rocket suffered a leak, tumbled out of control in space and disintegrated as it hurtled back to Earth during a test flight on Tuesday, the third setback in a row for the Elon Musk-led company.
3) Magnificent Seven stocks are mixed, with US stock futures edging lower, ahead of Nvidia&rsquo;s earnings report slated for the afternoon.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Musk 'Disappointed' in Trump Tax Bill; Nvidia Earnings On Tap

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/682572af-3488-44a9-92dc-b2eb009c025e/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran are weighing further negotiations to extend a two-week ceasefire as President Trump presses ahead with a naval blockade to curb the Islamic Republic’s oil exports, a step aimed at extracting concessions in peace talks. The objective is to hold fresh discussions before the truce announced April 7 expires next week, according to people familiar with the matter. “We’ve been called this morning by the right people, the appropriate people, and they want to work a deal,” Trump said at the White House on Monday, hours after the US Navy began implementing the blockade of the strategic Strait of Hormuz to cut off vessels transiting to and from Iranian ports and coastal areas. The latest push shows the two sides haven’t given up on diplomacy after their first round of direct negotiations in Pakistan failed to produce an agreement. The war, which began when the US and Israel launched a bombing campaign against Iran on Feb. 28, has left thousands dead, damaged infrastructure and disrupted energy flows beyond the Persian Gulf, rattling markets and triggering a global price spike. 
2) Chinese President Xi Jinping lamented a world in “disarray,” using some of his strongest language yet to describe a collapse of the Western-led international order as he vowed to play a constructive role in the Middle East. “The international order is crumbling into disarray,” Xi told Spanish Prime Minister Pedro Sánchez on Tuesday in Beijing, using a Chinese phrase indicating not only chaos but also moral decay. The comments, part of Xi’s first public statements on the Iran war since the conflict began more than a month ago, followed a flurry of visits by world leaders to Beijing and fresh economic data on Tuesday showing the war took a sharp toll on Chinese exports in March. Xi has framed his country as a stabilizing force in a world thrown into turmoil by President Trump’s erratic approach to trade and foreign policy. In an earlier meeting with Abu Dhabi Crown Prince Sheikh Khaled bin Mohammed, Xi reiterated that China would continue to play a “constructive role” in the Middle East.
3) Democrat Eric Swalwell and Republican Tony Gonzales said they plan on leaving their congressional seats in the wake of allegations of sexual misconduct. “I am deeply sorry to my family, staff, and constituents for mistakes in judgment I’ve made in my past,” Swalwell said in a post on X on Monday announcing his intent to resign. He vowed to “fight the serious, false allegations made against me,” but also said he “must take responsibility and ownership for the mistakes I did make.” Shortly after, Republican Representative Tony Gonzales of Texas said in a separate said in a separate social media statement that he planned on filing his retirement from office “when Congress returns tomorrow.” Gonzales faced calls to resign after allegations that he had an affair with a staffer who later died by suicide. A growing number of lawmakers had called for the resignation of both men, arguing the allegations against them tarnished their ability to remain in Congress, with some calling for their expulsion. The resignations leave the Republicans’ slim majority in the US House of Representatives unchanged.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran are weighing further negotiations to extend a two-week ceasefire as President Trump presses ahead with a naval blockade to curb the Islamic Republic&rsquo;s oil exports, a step aimed at extracting concessions in peace talks. The objective is to hold fresh discussions before the truce announced April 7 expires next week, according to people familiar with the matter. &ldquo;We&rsquo;ve been called this morning by the right people, the appropriate people, and they want to work a deal,&rdquo; Trump said at the White House on Monday, hours after the US Navy began implementing the blockade of the strategic Strait of Hormuz to cut off vessels transiting to and from Iranian ports and coastal areas. The latest push shows the two sides haven&rsquo;t given up on diplomacy after their first round of direct negotiations in Pakistan failed to produce an agreement. The war, which began when the US and Israel launched a bombing campaign against Iran on Feb. 28, has left thousands dead, damaged infrastructure and disrupted energy flows beyond the Persian Gulf, rattling markets and triggering a global price spike. 2) Chinese President Xi Jinping lamented a world in &ldquo;disarray,&rdquo; using some of his strongest language yet to describe a collapse of the Western-led international order as he vowed to play a constructive role in the Middle East. &ldquo;The international order is crumbling into disarray,&rdquo; Xi told Spanish Prime Minister Pedro S&aacute;nchez on Tuesday in Beijing, using a Chinese phrase indicating not only chaos but also moral decay. The comments, part of Xi&rsquo;s first public statements on the Iran war since the conflict began more than a month ago, followed a flurry of visits by world leaders to Beijing and fresh economic data on Tuesday showing the war took a sharp toll on Chinese exports in March. Xi has framed his country as a stabilizing force in a world thrown into turmoil by President Trump&rsquo;s erratic approach to trade and foreign policy. In an earlier meeting with Abu Dhabi Crown Prince Sheikh Khaled bin Mohammed, Xi reiterated that China would continue to play a &ldquo;constructive role&rdquo; in the Middle East. 3) Democrat Eric Swalwell and Republican Tony Gonzales said they plan on leaving their congressional seats in the wake of allegations of sexual misconduct. &ldquo;I am deeply sorry to my family, staff, and constituents for mistakes in judgment I&rsquo;ve made in my past,&rdquo; Swalwell said in a post on X on Monday announcing his intent to resign. He vowed to &ldquo;fight the serious, false allegations made against me,&rdquo; but also said he &ldquo;must take responsibility and ownership for the mistakes I did make.&rdquo; Shortly after, Republican Representative Tony Gonzales of Texas said in a separate said in a separate social media statement that he planned on filing his retirement from office &ldquo;when Congress returns tomorrow.&rdquo; Gonzales faced calls to resign after allegations that he had an affair with a staffer who later died by suicide. A growing number of lawmakers had called for the resignation of both men, arguing the allegations against them tarnished their ability to remain in Congress, with some calling for their expulsion. The resignations leave the Republicans&rsquo; slim majority in the US House of Representatives unchanged.

US & Iran Weigh More Talks; China Says World Order ‘Crumbling’

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/1c0f7933-aeec-4e26-8ab7-b42c009fa2ce/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) President Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz and threatened to retaliate in the event of Iranian resistance, escalating a standoff that has already brought the waterway to a near standstill and disrupted global energy supplies. The president’s announcement came hours after the US and Iran failed to reach a deal in direct talks in Pakistan, jeopardizing hopes of turning a fragile ceasefire into a lasting end to a war that has claimed thousands of lives. The negotiations collapsed because of differences over the nuclear issue, Trump said in a Truth Social posting on Sunday. The US military said Sunday that it would begin the blockade at 10 am New York time on Monday.
2) Peter Magyar, Hungary’s next prime minister, outlined sweeping changes after ending Viktor Orban’s 16-year rule in a landslide election victory that will redefine the country’s ties with the European Union, Russia and the US administration of President Trump. Magyar, a 45-year-old former insider of Orban’s nationalists, said the overwhelming victory for his Tisza party — translating into a two-thirds parliamentary majority — gave him a mandate to dismantle Orban’s increasingly authoritarian system and bring Hungary back into the European fold. Orban conceded the defeat, telling supporters that the result was “painful” for him. Magyar, whose conservative-leaning party has sought to unite disgruntled voters, called on the country’s president, top justices and chief prosecutor to all hand in their resignations during his victory speech in front of a cheering crowd in Budapest on Sunday. Magyar said they had put their political allegiance to Orban’s authoritarian system above their office’s responsibilities.
3) US Representative Eric Swalwell suspended his bid for governor of California after a series of sexual assault allegations threw his campaign into turmoil and prompted backers to flee. “I am suspending my campaign for governor,” Swalwell said in a post on social media on Sunday evening. He apologized to his supporters, adding “I will fight the serious, false allegations that have been made — but that’s my fight, not a campaign’s.” Swalwell’s exit upends a competitive and crowded race to lead the most populous US state. The 45-year-old, seven-term congressman from the San Fransisco Bay area, had been polling among the top Democrats to succeed Gavin Newsom, who is barred from seeking re-election because of term limits.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) President Trump said the US will begin a full naval blockade of the strategic Strait of Hormuz and threatened to retaliate in the event of Iranian resistance, escalating a standoff that has already brought the waterway to a near standstill and disrupted global energy supplies. The president&rsquo;s announcement came hours after the US and Iran failed to reach a deal in direct talks in Pakistan, jeopardizing hopes of turning a fragile ceasefire into a lasting end to a war that has claimed thousands of lives. The negotiations collapsed because of differences over the nuclear issue, Trump said in a Truth Social posting on Sunday. The US military said Sunday that it would begin the blockade at 10 am New York time on Monday. 2) Peter Magyar, Hungary&rsquo;s next prime minister, outlined sweeping changes after ending Viktor Orban&rsquo;s 16-year rule in a landslide election victory that will redefine the country&rsquo;s ties with the European Union, Russia and the US administration of President Trump. Magyar, a 45-year-old former insider of Orban&rsquo;s nationalists, said the overwhelming victory for his Tisza party &mdash; translating into a two-thirds parliamentary majority &mdash; gave him a mandate to dismantle Orban&rsquo;s increasingly authoritarian system and bring Hungary back into the European fold. Orban conceded the defeat, telling supporters that the result was &ldquo;painful&rdquo; for him. Magyar, whose conservative-leaning party has sought to unite disgruntled voters, called on the country&rsquo;s president, top justices and chief prosecutor to all hand in their resignations during his victory speech in front of a cheering crowd in Budapest on Sunday. Magyar said they had put their political allegiance to Orban&rsquo;s authoritarian system above their office&rsquo;s responsibilities. 3) US Representative Eric Swalwell suspended his bid for governor of California after a series of sexual assault allegations threw his campaign into turmoil and prompted backers to flee. &ldquo;I am suspending my campaign for governor,&rdquo; Swalwell said in a post on social media on Sunday evening. He apologized to his supporters, adding &ldquo;I will fight the serious, false allegations that have been made &mdash; but that&rsquo;s my fight, not a campaign&rsquo;s.&rdquo; Swalwell&rsquo;s exit upends a competitive and crowded race to lead the most populous US state. The 45-year-old, seven-term congressman from the San Fransisco Bay area, had been polling among the top Democrats to succeed Gavin Newsom, who is barred from seeking re-election because of term limits.

Trump Orders Hormuz Blockade; Hungary Rejects Orban in Seismic Vote

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/51f64962-0d7f-4836-8ce6-b42b009e6b90/transcript

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to earnings from Netflix and a focus on three bank stocks for the week ahead.
In the UK – a look ahead to the next election in Hungary.
In Asia – a look ahead to Spain Prime Minister Pedro Sanchez's trip to China.

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US &ndash; a look ahead to earnings from Netflix and a focus on three bank stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to the next election in Hungary.</li>
<li>In Asia &ndash; a look ahead to Spain Prime Minister Pedro Sanchez's trip to China.</li>
</ul>

Daybreak Weekend: Neflix Earnings, Hungary Election, Spain Prime Minister Visits China

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/468fb670-4ab5-495c-8050-b42801393ade/transcript

Musk 'Disappointed' in Trump Tax Bill; Nvidia Earnings On Tap

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