March 23, 2025: South Korea PM Impeachment Struck Down, Canada Elections, More

Published Mar 24, 2025, 3:30 AM

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News when you want it with Bloomberg News Now. I'm Doug Prisner. South Korea's Constitutional Court has dismissed the impeachment motion against Prime Minister Han Duksu, and Han has now been immediately restored to the acting presidency. You may recall back in late December, Han was suspended from office when he resisted pressure from the opposition party to immediately appoint three judges to the Constitutional Court. Interestingly, this decision comes right before the same court will decide on the impeachment of President Yunsukyol. Canadian Prime Minister Mark Karney has called an election for April twenty eighth, and polls are showing a close contest between his Liberal party and the Conservatives. Carney's election campaign has been dominated by President Trump's tariffs and the threat to make Canada a US state. Here is Carney speaking earlier with reporters. We needed to act to fix our economy.

We needed to act to fight the Americans.

We needed to act to deal with Donald Trump's tariffs.

That was Canadian Prime Minister Mark Carney's speaking there. He will be facing off against Conservative leader Pierre Poliev. Both have promised tax cuts, although they do have different versions for Canada's economy and the relationship with the United States. Talks to end the war between Ukraine and Russia are underway. US and Ukrainian officials met in Riot on Sunday and on Monday, talks are expected between US and Russia. White House Middle East ENVOYE. Steve Whitcoff spoke earlier to Fox News Sunday.

The agenda is stop the killing, stop the carnage. Let's end this thing. You can end things without communicating with both sides, understanding what each of them need, and then trying to bring them together.

As Steve Whitcoff, speaking earlier on Fox News Sunday, now, US National Security Advisor Mike Waltz said that talks will focus on a potential Black Sea maritime ceasefire. It's unclear how far discussion will advance and whether more meetings will be scheduled or what concessions Russia is prepared to offer. Senate Minority Leader Chuck Schumer is firing back at his critics. We get the latest from Bloomberg Stan Schwartzmann.

Schumer said he would not step down as minority leader, despite calls from some Senate Democrats that he do so after ending a blockade against the Republican spending plan to keep the government from shutting down. On NBC's Meet the Press, Schumer said he did so because a shutdown would have handed President Trump an opportunity to quote eviscerate the government. The minority leader also said he believed the American people would rise up against Trump if he defied courts that challenged his policies. Dan Schwartzman Bloomberg Radio.

Wall Straight is looking ahead to key economic releases on inflation and global manufacturing, along with a smattering of earnings. We have more from Bloomberg's Charlie Pellett.

Investors are grappling with weaker than estimated outlooks from Bellweathers across a range of industries amid looming tariffs. Kate Moore is chief Investment Officer for City Wealth at Citygroup Global Markets.

One of the things I'm worried about and slash watching as we go into this next earning season is not just whether or not companies take down their guidance, but whether or not they pull guidance altogether.

Among the company's schedule to report this week, Lulu Lemon and paychecks in New York Charlie Pellett Bloomberg Radio.

Congress is back, and one of the items on the agenda this week the next steps for abolishing the Department of Education. Here's Bloomberg's Amy Morris from Washington.

Republicans have long pushed for a Holy State led approach to education, but passing a lot of clothes the agency would require many swing district GOP lawmakers in the House to take a politically risky position. Sixty House Republicans voted last year against an amendment that would have terminated major functions of the department. Even if Speaker Mike Johnson does pull out a GOP only vote to shutter the department, the Senate could still be a roadblock. Even as lawsuits are pending from teachers and parents and state officials. The administration has already laid off nearly half the workforce through executive action. In Washington, Amymorris Bloomberg Radio.

A US Republican senator says that Beijing needs to take action on stopping the flow of fentanyl precursors to the US before talks can happen on trade. Senator Steve Danes of Montana met recently with leaders in China, including Premier Lee Chung Danes told Bloomberg, China understands the US is requesting not to just slow but to stop the flow of fentanyl precursors to the US. Here is Danes speaking exclusively to Bloomberg.

That it'll be difficult to have any conversation about tariffs and non tariff barriers until the FEMO precursor issue is resolved. President trump position was heard loud and clear, and the Chinese received that. They understood it, and we're hopeful that we'll see decisive actions taken to stop the flow these precursors.

That was Montana GOP Senator Steve Daines speaking earlier to Bloomberg. Now, the next step will be conversations between the two administrations and a potential meeting between Chinese President Chi and President Trump before the end of the year. And that is news when you want it with Bloomberg News. Now, I'm Doug Prisoner, and this is Bloomberg