President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

President-elect Donald Trump said he is nominating Scott Bessent, who runs macro hedge fund Key Square Group, as the next US Treasury Secretary, enlisting a key adviser to manage the sweeping economic agenda he has vowed to enact in a second term. Bloomberg Balance of Power hosts Joe Mathieu and Kailey Leinz offer instant reaction.

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

SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/c3a194d5-2840-46dc-8c12-b2310009ed87/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 – we preview Tesla earnings and Kevin Warsh's trip to Capitol Hill
In the UK – we look ahead to first quarter European earnings amidst broader headwinds
In Asia – how the war in Iran is impacting Japanese inflation. 

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; we preview Tesla earnings and Kevin Warsh's trip to Capitol Hill</li>
<li>In the UK &ndash; we look ahead to first quarter European earnings amidst broader headwinds</li>
<li>In Asia &ndash; how the war in Iran is impacting Japanese inflation.&nbsp;</li>
</ul>

Daybreak Weekend: Tesla Earnings, European Headwinds, Japanese Inflation

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d3c6d449-f806-406a-9796-b42f01139b1c/transcript

Today's top stories, with context, in just 15 minutes.   

On today's podcast:   

1) President Donald Trump claimed Iran has made key concessions in an ongoing negotiation to end the seven-week war, while a ceasefire between Israel and Hezbollah in Lebanon increased the prospect of a broader peace.Trump said it may not be necessary to renew an April 7 truce with the Islamic Republic before it expires next week, defying expectations that an extension will be needed to allow more time for diplomacy.   

2) Some leaders in Arab states in the Persian Gulf and Europe expect it will take about six months to agree to a peace accord and that the ceasefire should be extended to cover that period, according to officials familiar with the matter, who asked not to be identified discussing private talks. That’s in part to allow for a reopening of the critical Strait of Hormuz waterway, they said.   

3) Netflix Inc. gave a forecast for the second quarter that fell short of analysts’ expectations, sending the shares tumbling in extended trading.The streaming pioneer also announced that Chairman and co-founder Reed Hastings is stepping down from the board at the company’s annual meeting after 29 years to pursue philanthropy and personal interests.

Today's top stories, with context, in just 15 minutes.&nbsp; &nbsp; On today's podcast:&nbsp; &nbsp; 1) President Donald Trump claimed Iran has made key concessions in an ongoing negotiation to end the seven-week war, while a ceasefire between Israel and Hezbollah in Lebanon increased the prospect of a broader peace.Trump said it may not be necessary to renew an April 7 truce with the Islamic Republic before it expires next week, defying expectations that an extension will be needed to allow more time for diplomacy.&nbsp; &nbsp; 2) Some leaders in Arab states in the Persian Gulf and Europe expect it will take about six months to agree to a peace accord and that the ceasefire should be extended to cover that period, according to officials familiar with the matter, who asked not to be identified discussing private talks. That&rsquo;s in part to allow for a reopening of the critical Strait of Hormuz waterway, they said.&nbsp; &nbsp; 3) Netflix Inc. gave a forecast for the second quarter that fell short of analysts&rsquo; expectations, sending the shares tumbling in extended trading.The streaming pioneer also announced that Chairman and co-founder Reed Hastings is stepping down from the board at the company&rsquo;s annual meeting after 29 years to pursue philanthropy and personal interests.

Trump Optimistic on Iran Deal; Gulf Leaders Say Deal '6 Months Away'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/46cc3d8e-bd19-4723-ba9c-b42f009ab4ac/transcript

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz. With the initial truce due to expire next week, mediators are seeking technical talks to overcome the most contentious issues preventing a longer-term agreement, said the person, who asked not to be identified discussing sensitive matters. Those include reopening Hormuz and the future of Iran’s nuclear program. Tensions remain high over the strait, a critical waterway for oil and gas that’s been effectively shuttered since the start of the war almost seven weeks ago. The US has set up a naval blockade to cut off Iranian shipments, and said Wednesday that 10 vessels have been forced to turn around. Tehran is keeping the strait closed to most other traffic. The US hasn’t “formally requested an extension of the ceasefire,” White House Press Secretary Karoline Leavitt told reporters Wednesday. But she acknowledged “we remain very much engaged in these negotiations.”
2) Stocks set new highs as an upbeat forecast from Taiwan Semiconductor Manufacturing Co. added fuel to technology shares amid rising optimism that the US and Iran are seeking more time to negotiate a peace deal. Futures for the S&P 500 rose 0.2% after the benchmark closed above the 7,000 mark for the first time. Nasdaq 100 contracts rose 0.4% as TSMC’s raised revenue outlook highlighted the resilience of AI chip demand. Adding to the upbeat mood in tech, Elon Musk’s lieutenants have sought quotes and delivery times for chipmaking equipment for his envisioned Terafab. Meanwhile, Brent fluctuated around $95 a barrel as the US and Iran considered a two-week ceasefire extension. Global bonds rose, led by gains in Europe where central bank policymakers signaled they’re in no rush to raise interest rates. The dollar was little changed while gold rose toward $4,825 an ounce. Wall Street veteran Ed Yardeni says investors are looking past the war in the Middle East and focusing on market fundamentals.
3) Live Nation Entertainment Inc.’s loss in a landmark antitrust trial follows years of regulatory scrutiny of its dominance in the live events business and sets the stage for a possible breakup of the largest US concert promoter and ticket seller. After a six-week trial in Manhattan, which featured testimony from high-profile figures in the music industry and Live Nation Chief Executive Officer Michael Rapino, a federal jury on Wednesday ruled the company illegally monopolized the live events industry and overcharged fans for tickets to music performances. The verdict marked a major win for a coalition of 33 states and Washington DC that pursued the case despite the US Justice Department’s decision to pull out after the first week of the trial, with a surprise settlement allowing Live Nation to keep its Ticketmaster unit. But jurors concluded the company illegally monopolized ticketing and tied Live Nation venues to its promotion business, leading concert goers to overpay by $1.72 per ticket.

Today's top stories, with context, in just 15 minutes. On today's podcast: 1) The US and Iran are considering a two-week ceasefire extension to allow more time to negotiate a peace deal, according to a person familiar with the matter, reducing the risk of renewed fighting despite an intensifying standoff over the Strait of Hormuz. With the initial truce due to expire next week, mediators are seeking technical talks to overcome the most contentious issues preventing a longer-term agreement, said the person, who asked not to be identified discussing sensitive matters. Those include reopening Hormuz and the future of Iran&rsquo;s nuclear program. Tensions remain high over the strait, a critical waterway for oil and gas that&rsquo;s been effectively shuttered since the start of the war almost seven weeks ago. The US has set up a naval blockade to cut off Iranian shipments, and said Wednesday that 10 vessels have been forced to turn around. Tehran is keeping the strait closed to most other traffic. The US hasn&rsquo;t &ldquo;formally requested an extension of the ceasefire,&rdquo; White House Press Secretary Karoline Leavitt told reporters Wednesday. But she acknowledged &ldquo;we remain very much engaged in these negotiations.&rdquo; 2) Stocks set new highs as an upbeat forecast from Taiwan Semiconductor Manufacturing Co. added fuel to technology shares amid rising optimism that the US and Iran are seeking more time to negotiate a peace deal. Futures for the S&amp;P 500 rose 0.2% after the benchmark closed above the 7,000 mark for the first time. Nasdaq 100 contracts rose 0.4% as TSMC&rsquo;s raised revenue outlook highlighted the resilience of AI chip demand. Adding to the upbeat mood in tech, Elon Musk&rsquo;s lieutenants have sought quotes and delivery times for chipmaking equipment for his envisioned Terafab. Meanwhile, Brent fluctuated around $95 a barrel as the US and Iran considered a two-week ceasefire extension. Global bonds rose, led by gains in Europe where central bank policymakers signaled they&rsquo;re in no rush to raise interest rates. The dollar was little changed while gold rose toward $4,825 an ounce. Wall Street veteran Ed Yardeni says investors are looking past the war in the Middle East and focusing on market fundamentals. 3) Live Nation Entertainment Inc.&rsquo;s loss in a landmark antitrust trial follows years of regulatory scrutiny of its dominance in the live events business and sets the stage for a possible breakup of the largest US concert promoter and ticket seller. After a six-week trial in Manhattan, which featured testimony from high-profile figures in the music industry and Live Nation Chief Executive Officer Michael Rapino, a federal jury on Wednesday ruled the company illegally monopolized the live events industry and overcharged fans for tickets to music performances. The verdict marked a major win for a coalition of 33 states and Washington DC that pursued the case despite the US Justice Department&rsquo;s decision to pull out after the first week of the trial, with a surprise settlement allowing Live Nation to keep its Ticketmaster unit. But jurors concluded the company illegally monopolized ticketing and tied Live Nation venues to its promotion business, leading concert goers to overpay by $1.72 per ticket.

US & Iran Weigh Truce Extension; Stocks Extend Record Highs

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6cebecae-3d14-4a36-b73a-b42e009bd261/transcript

SPECIAL REPORT: Trump Nominates Scott Bessent To Lead US Treasury

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