April 30, 2025: US Says Trade Deals 'Close', US-Ukraine Minerals Agreement, More

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Episode Transcript

Speaker 1 (00:01):
News when you want it with Bloomberg News Now, I'm
Doug Prisner. Chinese state media reports the US government has
reached out to Beijing through various channels to initiate talks
on trade now. President Trump has said that Chinese President
Chi Jinping needs to contact him to begin these discussions. However,
reporting from the Chinese state broadcaster CCTV suggests that China

(00:24):
doesn't need to talk to the US until the US
takes meaningful measures. Meantime, President Trump did acknowledge his tariff
program has a perception problem. He said that he has
potential deals with South Korea, Japan, and India, but the
president added he would not rush into deals to appease
nervous investors. Here is Trump speaking at a News Nation

(00:45):
town hall.

Speaker 2 (00:46):
Well, we have potential deals with them. Yeah, but I'm
in okay, I'll tell you this. I'm in less of
a hurry than you are. We are sitting on the
catbird seat. They want us, we don't need them.

Speaker 1 (00:59):
That is President and Trump speaking at a News Nation
town hall. Meantime, US Trade rep. Jamison Greer told Fox
News tonight the US was nearing a trade announcement on
the first tranche of trade deals. The US and Ukraine
have reached a deal over access to Ukraine's natural resources.
The US will now be given privileged access to new

(01:20):
investment projects to develop things like aluminum, graphite, oil, and
natural gas. Here is US Treasury Secretary Scott Bessant.

Speaker 3 (01:28):
Today's agreement signals clearly to Russian leadership that the Trump
administration is committed to a peace process centered on a free,
sovereign and prosperous Ukraine over the long term. It's time
for this cruel and senseless war to end.

Speaker 1 (01:46):
That is US Treasury Secretary Scott Bessant. Now, the agreement
is seen as critical to nurturing President Trump's goodwill toward
Kiev in ceasefire talks with Russia. The Bank of Japan
has kept its policy rated fifty bases points now. This
decision was unanimous and widely expected by markets. The bet
was that boj Governor Uweita would not raise rates given

(02:08):
the uncertainty stemming from those US tariffs. It's been a
busy day for corporate earnings After the bell, Microsoft reported
better than expected sales and profit. Total revenue increased thirteen
percent to seventy point one billion dollars an adjusted profit
was three dollars forty six cents a share, twenty five
cents above projections. Here is Microsoft CEO Sakya Aadella.

Speaker 4 (02:32):
We just want to make sure we're building accounting for
the latest and greatest sort of information we have on
all of that, and that's what you see reflected. And
I feel very very good about the payment.

Speaker 1 (02:46):
That is Microsoft CEO sut Yatadella speaking there. Shares of
Microsoft were up by more than six percent in late trading.
We also heard from Meta Platforms the company posted first
quarter sales above estimates. This could be a sign that
Meta ad business is so far weathering the global trade war.
Here is Meta CEO Mark Zuckerberg.

Speaker 5 (03:06):
We've had a strong start to the year. Our community
keeps growing, with more than three point four billion people
now using at least one of our apps each day.
Our business is also performing very well, and I think
we're well positioned to navigate the macroeconomic uncertainty.

Speaker 1 (03:24):
That is Meta CEO Mark Zuckerberg. Shares and Meta were
up more than five percent in late US trading. Board
members at Tesla reportedly reached out to several executive search
firms a month ago to work on finding a new CEO.
The Wall Street Journal reports on tensions at Tesla, where
sales and profits were deteriorating rapidly while CEO Elon Musk

(03:46):
was spending much of his time in Washington, and around
that time, the board told Musk he needed to spend
more time on Tesla and he needed to say so publicly.
So when earnings were announced, Musk said he would be
allocating far more of his time to Tesla. Now, the
Journal reports the current status of this succession planning could
not be determined. And that is news when you want it.

(04:09):
With Bloomberg News Now, I'm Doug Krisner, and this is
Bloomberg