News when you want it. With Bloomberg News Now, I'm Doug Krisner. We begin with Elon Musk is looking to slash one trillion dollars in government spending by the end of May. Speaking Thursday to Fox News, Musk said his Department of Government Efficiency can find that level of cost savings within one hundred and thirty days of the start of Donald Trump's second term.

News when you want it. With Bloomberg News Now, I'm Doug Krisner. We begin with Elon Musk is looking to slash one trillion dollars in government spending by the end of May. Speaking Thursday to Fox News, Musk said his Department of Government Efficiency can find that level of cost savings within one hundred and thirty days of the start of Donald Trump's second term.

Our goal is to reduce the deficit by a trillion dollars, so from a nominal depicit of two trillion, to track cut depthsit in half to one trillion, or looked at it in tolet federal spending, to drop the federal spending from seven trillion to six trillion.

Our goal is to reduce the deficit by a trillion dollars, so from a nominal depicit of two trillion, to track cut depthsit in half to one trillion, or looked at it in tolet federal spending, to drop the federal spending from seven trillion to six trillion.

That is Elon Musk there. His goal is an ambitious one. It would require slashing more than half of the one point eight trillion dollars the US spent on non defense discretionary programs in twenty twenty four. By the way, DOGE has faced a series of legal setbacks as judges have halted some of its cuts. Hugh Crane Bloomberg News has learned that the US is pushing for a partnership deal that would give it control over major Ukrainian infrastructure and mineral investments. Now, this deal would grant the US write a first offer on investments, as well as control over a reconstruction investment fund and first claim on profits from that fund. Joe Doe covers metals and mining for Bloomberg News.

That is Elon Musk there. His goal is an ambitious one. It would require slashing more than half of the one point eight trillion dollars the US spent on non defense discretionary programs in twenty twenty four. By the way, DOGE has faced a series of legal setbacks as judges have halted some of its cuts. Hugh Crane Bloomberg News has learned that the US is pushing for a partnership deal that would give it control over major Ukrainian infrastructure and mineral investments. Now, this deal would grant the US write a first offer on investments, as well as control over a reconstruction investment fund and first claim on profits from that fund. Joe Doe covers metals and mining for Bloomberg News.

I know that the security question was a big deal between Ukraine and the United States, but the investors themselves, right, who would presumably be the ones being putting money into whatever this critical minerals deal would be also need assurances that in three years, you know, there won't suddenly be war on the turf of the places where they're trying to build out minds and process different minerals.

I know that the security question was a big deal between Ukraine and the United States, but the investors themselves, right, who would presumably be the ones being putting money into whatever this critical minerals deal would be also need assurances that in three years, you know, there won't suddenly be war on the turf of the places where they're trying to build out minds and process different minerals.

That is Bloomberg's Joe Doe. Now, if accepted, this agreement would also require Ukraine to pay for all US military and economic support provided since the beginning of war with Russia. Boston FED President Susan Collins says it looks inevitable that tariff's will boost inflation, at least in the near term. Speaking had an event earlier in Boston, she added, it's likely appropriate to keep interest rates steady for longer. Here's Collins, and so.

That is Bloomberg's Joe Doe. Now, if accepted, this agreement would also require Ukraine to pay for all US military and economic support provided since the beginning of war with Russia. Boston FED President Susan Collins says it looks inevitable that tariff's will boost inflation, at least in the near term. Speaking had an event earlier in Boston, she added, it's likely appropriate to keep interest rates steady for longer. Here's Collins, and so.

As I pull all that together, I strongly believed the meeting that we had last week that holding our rate steady was an appropriate policy stance, and I would, looking forward expect that holding it steady for a longer time is likely to be appropriate.

As I pull all that together, I strongly believed the meeting that we had last week that holding our rate steady was an appropriate policy stance, and I would, looking forward expect that holding it steady for a longer time is likely to be appropriate.

That is Susan Collins, head of the Boston Fedbank. You may recall last week when Fed officials left interest rates unchanged, citing the need for greater clarity on the economic impact of President Trump's policy changes on both trade and immigration. Prime Minister Mark Carney said his government will respond to President Trump's trade war and tariffs on the auto sector. Even so, Carney said he won't outline new retaliatory moves until April. Second. Here's Carney speaking earlier to reporters in Ottawa.

That is Susan Collins, head of the Boston Fedbank. You may recall last week when Fed officials left interest rates unchanged, citing the need for greater clarity on the economic impact of President Trump's policy changes on both trade and immigration. Prime Minister Mark Carney said his government will respond to President Trump's trade war and tariffs on the auto sector. Even so, Carney said he won't outline new retaliatory moves until April. Second. Here's Carney speaking earlier to reporters in Ottawa.

With time, it will become so apparent that these actions will end up hurting American workers and American consumers. We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada.

With time, it will become so apparent that these actions will end up hurting American workers and American consumers. We will fight the US tariffs with retaliatory trade actions of our own that will have maximum impact in the United States and minimum impacts here in Canada.

Canadian Prime Minister Mark Karney. There he also announced plans to build an all in Canada network for auto parts. It will work closely with the auto industry to make more parts in Canada and limit those crossing the Canadian US border during production. Now, Canada has already imposed retaliatory tariffs on nearly forty two billion dollars in US goods, and the government is threatening tariffs on a further sixty six billion in American items, including autos, as soon as next month. President Trump assigned an executive order directing government agencies to cease collective bargaining with federal unions now. The order cited the need to bolster national security. This will affect agencies including the Pentagon, the Department of Homeland Security, the Environmental Protection Agency, as well as Departments of State and Treasury, and the move is likely to be challenged in court. It's opening day for Major League Baseball, and we've got your final scores. In the Bronx, the Yankees outlasted the Milwaukee Brewers four to two. The Red Sox beat the Rangers in Texas five to two, The Mets fell to the Astros in Houston three to one, and the Dodgers defeated the Detroit Tigers in LA by a score of five to four. And that is news when you want it with Bloomberg News. Now, I'm Doug Risner, and this is Bloomberg.

Canadian Prime Minister Mark Karney. There he also announced plans to build an all in Canada network for auto parts. It will work closely with the auto industry to make more parts in Canada and limit those crossing the Canadian US border during production. Now, Canada has already imposed retaliatory tariffs on nearly forty two billion dollars in US goods, and the government is threatening tariffs on a further sixty six billion in American items, including autos, as soon as next month. President Trump assigned an executive order directing government agencies to cease collective bargaining with federal unions now. The order cited the need to bolster national security. This will affect agencies including the Pentagon, the Department of Homeland Security, the Environmental Protection Agency, as well as Departments of State and Treasury, and the move is likely to be challenged in court. It's opening day for Major League Baseball, and we've got your final scores. In the Bronx, the Yankees outlasted the Milwaukee Brewers four to two. The Red Sox beat the Rangers in Texas five to two, The Mets fell to the Astros in Houston three to one, and the Dodgers defeated the Detroit Tigers in LA by a score of five to four. And that is news when you want it with Bloomberg News. Now, I'm Doug Risner, and this is Bloomberg.