Bloomberg Daybreak: US Edition

President Donald Trump announced he was extending a ceasefire with Iran indefinitely a day before it was set to expire, even as plans for a fresh round of talks between the two countries fell apart. In a Truth Social post, Trump said Tuesday he would maintain a blockade over ships coming to and from Iran in the Strait of Hormuz. He said Pakistan, which had mediated between the two sides, asked for the US to hold off on fresh strikes and he was extending the ceasefire until Iran submits a new proposal “and discussions are concluded, one way or the other.” For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with: Wendy Benjaminson, Bloomberg News Senior Editor Terry Haines, Pangaea Policy Founder Adam Farrar, Bloomberg Economics Senior Geoeconomics Analyst Ambassador James F. Jeffrey, Philip Solondz Distinguished Fellow at The Washington Institute See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump signaled he is unlikely to extend a two-week ceasefire with Iran that’s set to expire in two days. The president said the Strait of Hormuz would stay blockaded for now, and “I’m not opening it until a deal is signed.” Iranian officials have stopped short of explicitly ruling out participation in the talks in Pakistan, reinforcing expectations that both sides are continuing to explore a deal to end the war.2) Apple announced longtime CEO Tim Cook will be replaced by John Ternus, with Ternus taking the job in September, and the company implying that he will bring continuity and help preserve Cook's legacy. Ternus is expected to bring a more decisive leadership style, moving faster and sharpening Apple's competitiveness in AI, and will oversee the launch of new products, including Apple's first foldable iPhone and a fresh start for Siri.3) Amazon is investing an additional $5 billion in Anthropic and may inject $20 billion more over time. The deal was struck at a valuation of $350 billion, and Anthropic plans to spend more than $100 billion over the next 10 years on Amazon’s cloud technologies and chips. Amazon will provide Anthropic with chips to reach about 5 gigawatts of power, and the companies said more than 100,000 customers run Claude models on Amazon Web Services.See omnystudio.com/listener for privacy information.

Today's top stories, with context, in just 15 minutes.On today's podcast:1) President Trump and Iranian officials offered disparate views on the next stage of the war, casting uncertainty over whether the two sides would meet for peace talks with a ceasefire set to expire in the coming days. Tensions in the war ratcheted up over the weekend as the US Navy fired upon and boarded an Iranian-flagged cargo ship in the Gulf of Oman, the first seizure in the US blockade of the Strait of Hormuz. That critical waterway for energy shipments remained closed early Monday after confusion over the weekend about whether tankers could transit the strait. Iran had initially said ships could pass before abruptly stopping traffic through the waterway less than 24 hours later. At a weekly press conference Monday, Iran’s Foreign Ministry spokesman Esmail Baghaei said there are "no plans for the next round of negotiations, and no decision has been made in this regard.”2) Oil jumped, pushing US stocks and Treasuries lower after a turbulent weekend in the Middle East cast doubt on the prospects for peace talks ahead of a looming ceasefire deadline. Brent rose 5.4% above $95 a barrel as the US Navy carried out its first seizure of an Iranian vessel in the Strait of Hormuz. Futures for the S&P 500 fell 0.5%, with the benchmark poised to snap a five-day winning streak during which it notched a succession of highs. European stocks declined 1%, while the technology sector drove gains in Asia. The dollar was little changed. Bond yields rose sharply in Europe, whereas moves in Treasuries were more modest. Gold dropped below $4,800 an ounce.3) A man in Louisiana killed eight children, including seven of his own, in a domestic shooting that unfolded across two homes in Shreveport early Sunday, leaving a community in shock and prompting a large police response. The gunman, identified as Shamar Elkins, 31, also critically wounded two women before being killed by officers after a pursuit. Police said the victims, ages 3 to 11, were found in a single residence, with at least one child attempting to escape from the roof. Authorities said the case appears to stem from a domestic dispute and remains under investigation. It is the deadliest U.S. mass shooting in more than two years.See omnystudio.com/listener for privacy information.

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.  See omnystudio.com/listener for privacy information.

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.See omnystudio.com/listener for privacy information.