this is bloomberg. ♪ scarlet: this is bloomberg markets. let's rewind back to friday.all witnessed the historic moment, president trump and vice president vance and ukrainian president zelenskyy, all meeting in the oval office. their conversation devolved into a shouting match. zelenskyy and his team were ultimately asked to depart the white house and a deal over natural resources in ukraine was never signed. over the weekend the fallout reverberated across the globe with many in europe taking note. u.s. posture in the region has changed. european leaders held a summit in london where they reaffirmed their commitment to support ukraine militarily. >> we are at a crossroads in history. this is not a moment for talk, it is a time to act, a time to step up and lead and unite around a new plan for a just and enduring peace. scarlet: for more on what this means for the u.s., europe and ukraine, let's bring in angela stud, senior advisor at the center for eurasian, russian and east european relations. thank you so much for joining us. how would you grade the european summit?

this is bloomberg. ♪ >> welcome to bloomberg etf iq. katie: we finally have the private at launch.y about it more than $15 trillion global etf industry and as we mentioned, that much anticipated private credit etf from state street and apollo already off to a rocky start with the sec voicing concerns,

this is the bloomberg. ♪ >> welcome back.walks back commitments on climate change saying it's time to stop penalizing carbon footprints. after criticism by republicans. an analyst who follows it joins me. how significant are these alliances? ryan: thank you for having me. most banks were members of the alliance representing trillions of lending dollars and being a member signal they were at least committed to the idea of net zero and driving the exodus is one, results of the trump administration that's been putting pressure on banks and then some banks say the targets is a little bit too prescriptive , the problems outweigh the benefits. tom: what is it mean for green financing? brian: the impact is muted so we are tracking $1.6 trillion going into energy technology $.90 of renewable financing for every dollar and even banks that left are committing to disclosing love metric, very keen before they step away to say they are focusing on client demand. saying there is still demand for the transition. elliot management and bp sug

bloomberg "bloomberg surveillance." starts now.oming up the back of a two-week losing streak on the s&p 500, equity futures bouncing by just 0.3%. your scores look like this. as we go into a massive week ahead. payrolls on friday, chairman powell addressing the nation as well. before we get there, a tariff deadline in the next 24 hours. setting the tone for this market worldwide. an additional 10% on imports from china. lisa: at a time when more broadly the market's position that this will not go on and this will be a negotiating tool, companies are taking this seriously and some of the data that i thought was most interesting last week was the trade deficit for january in the united states surging by 25% with the expectation that a lot of companies are trying to get ahead of these exports. annmarie: howard lutnick, president trump's commerce secretary went on fox of the weekend and said it is a fluid situation meeting obviously talks are ongoing and there could be potentially an agreement between both these countries. but then he

and today we look at the legacy of the month for whom i am named. patrice, emily bloomberg buttress. and the move uh was bone among the but the, the people in the side and like all, are young people who grew up during the colonial period. in this case, the quarter nice vision of belgium. he was exposed to western education but did not. but so is education to the university level join the walking force, joined the postal service during the colonial period on the 1955. but chris immediately moved but joined the trade union movement. this is journeying is exposure to the trade union movement. the chief caught the bug of the fight against the colonizer ish he himself say's the t a. the of freedom fighters in other parts of africa. yeah, todd the gun as of crime in google. my. yeah, god of a non v as if q a, all of nigeria on that todd of judy has become better outgoing your area. and of course i mean the brand of united be so on. would duplicate of molly. and this is what the energized and one of the things that patrice image of the moon bussey's annoyed him, the most was the money in wh

when michael bloomberg was running for president of the united states he told his publication, bloomberg not cover the other democrats and the primary negatively. so we want to talk about freedom of the press and manipulation there is one example of a mountain of where this has happened. so you know what? if you want to move towards the center and start having people red your publication again this is a good start. [applause] >> greg: emily? i love how on cnn people were accusing him of using made up words like personal liberty. i didn't know that was made up. >> they were like freedom. all of these made up words like freedom. and i guess maybe you guys don't use those words too often so it may be a new word for you. it is funny i really don't believe them when they are like they are just scared of trump it is like no actually i disagree. i think they were scared of the last administration which is why they didn't publish these things that were going more towards being pro you know pro just america and common sense in general. it is funny because when i think of "washington post" all of

alex from bloomberg. on your coalition of the willing, do you think it could be bolstered by countries that aren't just in europe? essentially we've got canada represented here today, do you think, you know, you could get countries beyond europe to join the coalition of the willing and make it almost a trans-atlantic partnership? and also in terms of your plan to present back to donald trump, how soon do you need to get that done? is that something that really needs to happen very quickly, in days? p.m. starmer: on the countries beyond europe, we had canada here who have traditionally taken a forward-leaning role. they've been working very hard with us on issues like trading and they've been a reliable ally. and i'm encouraging of that because they are already deeply invested in ukraine. they've worked on the training, amongst other things. so yes, on the question of the u.s., look, i spoke to president trump last night. i'm not going to go through the details of that conversation, but i would not be taki

. >> i saw i say on bloomberg recently that mexico has offered to match the u.s. tariffs on china and that you would like for the canadians to do so as well. you described it as a fortress in north america. is that in the works? >> i don't know yet. we will see. the mexican leadership has offered to do that. we haven't heard from the canadians. i think that would be a very good start. >> by tuesday, potentially, to offset the potential punishment on them? >> by tuesday or maybe the tariff wall goes up, and then we see what happens from there. but i can tell you that under the cover of covid, china dramatically increased their export capacity. and they are trying to export their way to prosperity. they are in an economic crisis. they have gigantic deflation. it's unacceptable for them to export that to the rest of the world. i think north america would be a very good start for pushing back against this unfair trade policy. >> that would be a significant development. >> very significant. >> which would avoid tariffs that are supposed to go out on tuesday. >> we will

when michael bloomberg was running for president of the united states, he told his publication bloomberg to not cover the other democrats in the primary negatively. so we want to talk about freedom of the press and manipulation. there's just one example of a mountain of where this has happened. so you know what? if you want to move toward the center and start having people read your publication again, this is a good start for that, right? >> emily. i love how on cnn the people were accusing him of using made up words like personal liberty. i didn't know that was made up. >> they were like freedom. >> yeah, freedom. >> all these made up. >> words like freedom. >> and i'm like, yeah, i guess maybe you guys don't use those words too often. so it might be a new word for you. >> yeah. >> it's funny. i really don't believe them when they're like, oh, they're just scared. of trump. it's like, no, i actually. >> i disagree. >> i think they were scared of the last administration, which is why they didn't publish these things that were going more towards being pro, you know, pro just america and c

will be decided and traditionally in new york city, and history has shown, except for giuliani and bloombergimary is the next mayor of new york city. this is going to be very, very interesting. griff, you may not believe this many viewers across our country may not believe this but based on public opinion polls, andrew cuomo, scandal cuomo wasn't by far front runner in this race. this thing is going to get very nasty very soon between cuomo he is having an event right now as we speak. the current income but mayor, who happens to be african-american who's been dealing with a number of scandals himself and that is eric adams. griff: dominic, it seems, i remembered seeing that video cuomo put out on valentine's day where he was basically visiting some sort of community center and it just felt like a tease or a mayoral run. sure enough, out came some prominent new york politicians urging him for this run and supporting him. will that make a difference? >> it will. now, to the folks who do not like cuomo, the parents the americans have lost their parents following covid and the nursing home scand

the luxury market against rivals like lvmh and it could be finalized as early as this month says bloombergup five a quarter% right now and capri up 5.5%. reddit cofounder joining frank mccourt in his bid to acquire tiktok u.s. operations. he will serve as a strategic advisor specializing in social media, the venture capitalist says he's excited to join his team trying to give users way more control over how the data is used in monetize. tiktok has until april 5 to find the u.s. buyer before the federal ban goes into effect. as we've been telling other bidders for the app include a group led by tech entrepreneur jesse tinsley in youtube star mr. beast there is no word if ideas of the chinese government will allow a sale to anyone of that, read it at the moment is flat on the session. tiktok is still not decided on a buyer shark tank investor is getting his hands dirty in the latest project. auto repair chain expanding by leaps and bounds, damon and the crash champion ceo are here to discuss the scaling up of one shop to a national chain of more than 600. our mechanics jobs cooler than a.i.

you've got the bloomberg now saying that the department of homeland security has eliminated policiesthe investigation of individuals or groups solely based on their sexual orientation or gender identity. and you can see where this is going. i mean, this is not going to just start with the legislators or maybe a fringe piece of legislation to score some political points with a constituency or two. it's actually now having real life consequences on americans who are serving in our government, whether it be the military or homeland security or anywhere else. >> that's right. i mean, it is even gotten to the point where you can't even use the word transgender in the united states government. you can't say it. it cannot be in any official document, for example. and the erasure is real. i mean, the attempts to remove any data in the united states government that said anything about trans people. i mean, this is this is erasure. saying that trans people don't have to have equal access to housing, for example. the same is true for education. taking away passports from trans people, rendering

bring in stef kight, political reporter for axios, and kayla gardiner, white house correspondent for bloomberg. i'm glad to see you both. so ahead of today's meeting. european leaders overwhelmingly expressed support for ukraine after friday's oval office face off. stef, what fallout is the white house facing abroad? >> i mean, certainly looking at the public. >> statements from. >> foreign. >> leaders. >> trump's actions. >> and the meeting with zelensky on friday. >> really set off a lot of alarm bells for leaders around the world. >> and we're seeing that very. >> clearly and seeing the response, you know, as we were just just watching. >> there just. >> a minute ago from europe, the way that. >> you know, countries have. >> come. >> together and backed. zelensky and promised to continue to do more to step up. in some ways, this is one of the things that trump has. >> said he. >> wanted to see. trump has said he wants europe to be doing more, that there shouldn't be an overreliance on the us. and so the question here is whether some of these actions by. european nations end up getting trump

the washington post is now following on reporting that initiated with bloomberg news and other outlets that musk has, has now apparently just somehow engineered the overriding of an existing faa contract with verizon to instead install his own company in its place to instead install starlink at the faa. they're just doing that. is that legal? aren't there rules for like, contracts and conflicts of interest and stuff? as we get to that part of the definition of oligarchy already right away, one of the more unnerving things that mr. musk has developed an interest in in recent days appears to be the american judicial system. now, on top of everything else he is doing in his capacity as the president's top donor, musk has also started railing publicly that american judges and the judiciary are the real problem in this country, and that therefore we need to start, in his words, firing judges because courts should not be allowed to stop him and to stop donald trump from doing whatever they want. naturally, republican members of congress are obliging. they've started filing impeachment procee

i will say there is reporting this morning in bloomberg that the u.s. may commit to a sovereign ukraine in the negotiations, which is heartening. whether or not they listen to the first episode of escalation, i cannot confirm or deny that, but it seems like that is obviously the bare minimum, but -- benjamin: that is the budapest. constanze: it started out with. benjamin: so walk us through a couple of the cycles because there are, as i joked earlier, they do tend to be named for cities in europe that start with bu and the first cycle is the independence of ukraine itself, the chicken kyiv speech. the second cycle comes only a few years later. what happens? tyler: i believe you are referring to the budapest memorandum. you ask americans even well-versed in foreign policy and it is not a household name, but in ukraine it is. benjamin: the only moment of true comedy in the entire podcast is at the beginning of the second episode where our producer, who is sitting here in the front row, asks a young ukrainian activist who is sitting back there, what do you

. >> joining me now is bloomberg opinion senior executive editor and msnbc political analyst tim o'brienou've been writing for years about trump's showmanship and the transactional way that he approaches the world. why does officials said yesterday's combative exchange was not part of some grand plan that they vehemently denied, in fact, that it was set up. but many believe the spectacle was intended to humiliate zelensky on the global stage, particularly after trump said it made great television. that last part we heard there, what might trump have wanted to show with zelensky? >> well. >> alex, i think. >> it's. >> what he has always wanted to show, which. is he. >> expects anyone. in his orbit to bend the knee. and that's been true his whole life. he's he's someone who needs. overt and constant approval and attention. and when he's not getting. >> either. >> he gets discomfited. he has a. very deep. hole that isn't filled by the kind of normal conversations and relationships. >> the rest. >> of us entertain. in order. >> to move. forward in the world. >> and all of that would be fine

reuters, the ap and bloomberg, which have long provided the three wire services within the press pooluch of the white house coverage people see in their local news outlets, whether they are in wherever they are in the world, comes from the wires for the public to have access to news about their government from an independent free press, end quote. later that day, the president of the white house correspondents association released a statement announcing that the group will no longer distribute pool reports from the white house's now hand-picked correspondents. the statement reads in part, quote, this move tears at the independence of a free press in the united states. it suggests the government will choose the journalists who cover the president. in a free country, leaders must not be able to choose their own press corps. end quote. coming up after a quick break, i'll discuss the challenges facing the current white house press corps with april ryan, the longest serving black white house correspondent, and symone sanders townsend, former spokesperson for then vice spokesperson for then

bloomberg, reuters, associated press putting aside the fact that many of us, as journalists use the associatedetermine how we say things or what we put on the screen, but, but, but that stuff makes it into your local coverage without you actually knowing what the source of that reporting was. that's the danger here. it's not it's not donald trump calling you and peter alexander rude and things like that, because at least that's out there in the open. it's this insidious removal of, of press passes of, of access to, to the presidency. that's i think, the more dangerous part, at least your stuff plays out in real life. and people get to opine about whether they think jim acosta should get his press pass or not. you're going to just see coverage disappear. yeah. >> no, there's no question about it. and listen, ali, you and i both know all too well the ap is a critical part of the free flow of information in american society. they have reporters and i think all 50 states. they have reporters in some 100 countries around the world. i think billions of people see their product and they're a cooperat

all right, back to those cheetos, bloomberg reports. the big snack companies are getting rid of artificial dyes. pepsico is working to create a new hot cheeto, but it will most likely not be that signature bright red color. its new ruffles flamin hot chips are out today. they are beige in color, but they are still said to have that familiar spice that builds over time. the new chips get their flavor from tomato powder and red chili peppers, so parents might be happy about that. won't dye your fingers. i'm pam cook. that's a look at your dollars and cents. >> thank you. now to san francisco here, where a long running wine shop in the nob hill area may soon be closing for good. the jug shop opened 60 years ago. in 2021, the store moved to a renovated fire station on pacific avenue. what was supposed to be a temporary move? the owners waited for construction to finish a new building on polk street, but during the past four years, business at the temporary location has plummeted. the owners now say they're out of money and can't move to the

. >> i quit the new york times and i quit bloomberg. we met my apartment in new york. the first question was, well, how can we rethink journalism or the design of journalism, the gathering, the expression of it in order to try to move this question. what has worked, what has not worked, what have you learned? >> i mean, i guess the core thing is could we break down this sort of news and opinion and analysis in a way that pushes them forward now pulls them out. framing a new way of doing stories and also gives us a sophisticated view on what they think. you know who the reporter is, you know where it is coming from bringing in views from other point of use. a level of humility that we all need in terms of our own rules. >> how do you think that it is actually working. in this town right now, peak polarization, how is it landing? >> too soon to tell. i do think that that approach right now where maybe no one is persuading anybody of anything right now, i think there's a real opportunity to help people understand how the other side is thinking. out the other many sides ar

alex wickham from bloomberg.een working very hard with us on issues like trading, and they've been a reliable and they�*ve been a reliable ally, and i�*m encouraging of that because they are already deeply vested in ukraine, as i say, they've worked on, on the training, amongst other things. so, yes, on the question of the u5, so, yes, on the question of the us, look, i spoke to president trump last night. i'm not going to go through the details of that conversation, but i would not be taking this step down this road if i didn't think that it was something that would yield a positive outcome in terms of ensuring that we move together. ukraine, europe, the uk and us together towards a lasting peace. and so that's the way i've approached this in the last few days. hugo, from the news. >> thank you. >> thank you. >> prime minister. >> prime minister. >> hugo from the paper. >> hugo from the paper. >> obviously the other. >> obviously the other. >> party that would need to sign up >> party that would need to sign up