News when you wanted with Bloomberg News now.

I'm Amy Morris. President Trump has expressed

frustration with allies who've been unwilling to help the U.S.

war effort, telling them to, quote, go get your own oil, suggesting on social

media they buy from the U.S. or build up courage to get it

themselves. Defense Secretary Pete Hegseth says

diplomatic talks to end the conflict with Iran are gaining strength and the

U.S. military's job is to maintain pressure

and compel Tehran to make a deal. At a Pentagon briefing, Hegseth says

many of Iran's troops are deserting and its leaders are frustrated.

Our strikes are damaging the morale of the Iranian military, leading to

widespread desertions, key personnel shortages and causing frustrations

amongst senior leaders. Defense Secretary Pete Hegseth.

Sources tell Bloomberg Christine Lagarde challenged Treasury Secretary Scott

Benson's optimism that the war in Iran's economic fallout will be short lived.

The president of the European Central Bank told Bessant and other G-7

officials that the effects of the war would be felt for a long time because so

much has already been destroyed. Warren Buffett warns that he's seeing

signs of fragility emerging in the banking system as it has become more

connected to non-bank players. Telling CNBC that if panic sweeps

through the markets, many investors will likely head for the exits and that this

should be a priority for the Fed. The 95 year old Buffett recently stepped

down as CEO of Berkshire Hathaway job opening spell and hiring slowed, notably

in February, pointing to cooler labor demand before the war in Iran triggered

additional uncertainty. The Labor Department says vacancies

decreased to 6.88 million from an upwardly revised 7.24 million in

January. The pullback in openings was driven by

declines in accommodation and food services, health care and social

assistance and manufacturing. Wall Street is ending a volatile march

with gains in stocks and bonds on a news report that the president would be

willing to end the war in Iran. Even with the Strait of Hormuz largely

closed, we do check those markets for you all day long here at Bloomberg.

The S&P 500 up 1.4%, NASDAQ up 1.8%. The Dow up 1.1%.

The ten year Treasury yield at 4.32% and the two year yield at 3.79%.

WTI now at $104 per barrel. Brent crude at $107 a barrel.

And Bitcoin is up about a half percent, near $67,000.

U.S. consumer confidence unexpectedly rose in

March on slightly more upbeat views of business and labor market conditions.

But the Conference Board senior U.S. economist Yelena Juliette Saly says

there's more to that. Data was a spike in comments about oil

and gas and war and conflict measures. There was a spike in inflation

expectations. So sometimes you just look under the

hood and the, you know, other measures in the survey are telling us that

consumers are very concerned. A measure of expectations for the next

six months fell in March to 70.9. A gauge of present conditions rose.

Consumer confidence remains subdued compared to recent years as consumers

remain cautious about job prospects and inflation.

Trade Representative Jamison Greer says preparations for President Trump's

meeting with Chinese counterpart Xi Jinping are on track after the high

profile summit was postponed to May amid the war in Iran.

Greer believes relations between the U.S.

and China are getting better. We don't see a need to change our

policy. The Chinese want stability.

We want stability. I actually see a positive agenda with

China going forward, where we learn to manage our trade with each other.

I see stability with China over the next year.

Trade Representative Jamison Greer spoke exclusively on Bloomberg Surveillance in

video, says it invested $2 billion in Marvell Technology, part of an agreement

to collaborate on Silicon Photonics to make A.I.

services more affordable. Shares of Nvidia jumped more than 3%.

Shares of Marvell jumped about 8%. Unilever has agreed to combine its food

business with spice maker McCormick and a $44.8 billion deal, creating a global

seasoning, sauces and condiments company.

The combined company will have revenue of about $20 billion.

Bloomberg Intelligence senior equity analyst Diana Gomes says the merger

makes sense, but there are risks. It is a really transformational deal for

McCormick. It is quite a sizable group of assets

that they are taking in. So the execution risk is quite high and

it's going to be a much more complex organization.

And that's why shares of Unilever are about 7% lower and McCormick shares are

more than 5% lower. The Supreme Court has ruled against a

Colorado law that bans conversion therapy for LGBTQ kids.

Siding with a Christian counselor who argues the law violates the First

Amendment. The court agreed the law raises free

speech concerns and send it back to a lower court to decide if it meets the

legal standard. King Charles The third will visit

Washington, D.C., next month, April 27th through the 30th.

The visit has sparked some controversy. Some British politicians are calling for

it to be postponed in protest over President Trump's criticisms.

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

I'm Amy Morris. This is Bloomberg's.