News when you want it with Bloomberg News now.

I'm Monica Rix.

President Trump says time is running out on his ten day

deadline for Iran to make a peace deal with the U.S.

and reopen the Strait of Hormuz.

In a social media post this morning.

The president said, quote, 48 hours before, all hell will rain down on them.

And he threatened to target Iran's civilian energy infrastructure.

The comments come as Tehran ramped up attacks on Gulf

Arab states and Israel, and shot down two U.S.

fighter jets.

Axios political reporter Marc Caputo tells Bloomberg

that crew members fate could impact peace talks.

We have no evidence as to what's going to happen if the pilot is killed

or the crew member,

I should say if the crew member is held hostage or if the crew member is rescued.

Three very different scenarios

that can affect very differently how Iran deals with the United States,

and therefore how the United States deals with Iran.

Caputo on Bloomberg this weekend.

Iran has offered a bounty for that crew member.

The other pilot was safely rescued.

President Trump told NBC in a phone interview

they won't affect negotiations to end the war.

Ukraine expects top U.S.

envoy Steve Wycoff and Jared Kushner to lead a U.S.

delegation to Kiev to discuss

security assurances as potential peace talks resume with Russia.

Republican Senator Lindsey Graham of South Carolina could also join.

But those talks wouldn't happen

till after Orthodox Easter, which is celebrated on April 12th.

Wall Street will have a few days to digest the latest jobs report,

which shattered expectations Friday.

Job growth rebounded, with U.S.

employers adding 178,000 jobs in March.

And the unemployment rate unexpectedly fell to 4.3%.

But as the war in Iran continues, economist Stephanie Roth tells

us, there's still a lot of uncertainty that could affect jobs.

So far, it seems like in an environment where if you looked at the ISM

most recently, the commentary was we're concerned about the Iran shock.

Yeah, business activity is okay.

And that seems to be the nature of the economy.

Right now, is there are concerns about it, and it's a problem to some extent.

But spending seems to be steady.

The credit card data are all pretty good.

Commentary from airline CEOs is quite positive,

so it doesn't seem like it's really hurting the consumer yet.

Stephanie Roth with Wolfe Research on Bloomberg surveillance.

The solid increase will likely reinforce the Fed's focus on inflation

risks amid a runup in energy prices.

United Airlines announced it's raising its bag fees

to offset rising fuel costs driven by this war.

Customers will now pay

$10 more to check their luggage, with the first bag costing $45

and 55 for a second, and the worst not just affecting the price of oil.

The price of helium is also soaring, with helium spot prices doubling

since cutter, which produces more than a third of the world's supply,

shut down the world's largest liquefied natural gas facility.

Cliff Kaine is president of pulsar Helium.

33% of the world's supply of helium is gone,

and we've had shortages over the past 20 years, with,

the demand of semiconductors going up for many applications.

You know, everything from our

national defense to, your, your, your cell phones that are in your hands.

Right? And, we don't have ramp up capacity.

Just to make helium.

Pulsar. Helium.

President Cliff Kaine on Bloomberg this weekend.

Helium is not just for party balloons, by the way.

It's a critical component in everything from medical services to defense

production and even the creation of semiconductors as a cooling agent.

President Trump's asking for a massive increase to defense spending next year.

Bloomberg's Dan Schwartzman has details.

The president asked Congress to enact a $2.2 trillion 2027 budget,

seeking a massive increase to $1.5 trillion in defense spending,

a significant increase over the $1 trillion for fiscal year 2026.

Meanwhile, the Office of Management and Budget is still reviewing a potential

$200 billion Pentagon supplemental package for the current fiscal year.

Senate Democratic Leader Chuck Schumer said in a statement.

Donald Trump's budget

is rotten to the core, and Democrats will make sure it never passes.

Dan Schwartzman, Bloomberg Radio The White House is also asking Congress

to slash NASA's science budget, cutting roughly $6 billion in total

spending on programs, including 40 missions.

The administration has previously referred to programs like Mars exploration

X-ray telescopes and research satellites as wasteful spending.

The Justice Department has lost its bid to continue

investigations into the Federal Reserve's building renovations.

A judge has quashed two grand jury subpoenas

issued to the central bank by U.S.

Attorney Jeanine Pirro.

The ruling now threatens to delay

the confirmation process for President Trump's Fed chair nominee, Kevin Warsh.

But the DOJ says it plans to appeal.

The Artemis two crew is now halfway to the moon.

NASA shared the first images of Earth taken by the astronauts,

who are on track to make their lunar flyby on Monday.

It'll be the first time humans have traveled

outside of the Earth's orbit since 1972.

And in sports, the women's NCAA title game is set

after South Carolina beat UConn 62 to 48.

They'll take on UCLA, who topped Texas 51 to 44.

The championship game is tomorrow night.

And in men's action tonight, UConn takes on Illinois and Michigan battles

Arizona, their national championship game set for Monday.

And that's news when you want it with Bloomberg News now.

I'm Monica Rix and this is Bloomberg.