News when you want it with Bloomberg News now.

I'm Monica Rix.

President Trump is now reacting to reports of a manifesto written

by the suspected shooter at last night's

white House Correspondents Dinner in Washington,

which is said to have reflected strong anti-government views.

The guy is this guy.

Would you read his manifesto?

He hates Christians.

That's the one thing for sure.

He hates Christians, that hatred.

And I think his sister or his brother actually was complaining about it.

You know, they were even complaining to law enforcement.

So he was he was a very troubled guy.

Trump on Fox News.

31 year old Cole Allen of California

is now in custody and set to be arraigned on felony charges tomorrow.

But those could be upgraded once we know more about his motive.

Acting Attorney General Todd

Blanche tells CBS he's been targeting members of the Trump administration.

The FBI worked all night

working with local law enforcement, working with the Secret Service.

They've executed various search warrants on locations,

also on devices that were recovered from the suspect.

Authorities believe Allen had been staying at that hotel.

On a lighter note, the president did say he plans to reschedule the event

within the next 30 days, but security will still be a big concern.

In fact, Republican Congressman Michael McCaul of Texas sits on the House Foreign

Affairs and Homeland Security committees and tells Bloomberg that he was shocked.

The president and vice president were at the same table last night.

The next time the president shows up, I think, they're going to tighten up

security even more so.

And again, the line of succession all being there at the same time.

I think we ought to take a look at that as well.

Representative McCaul on Bloomberg this weekend.

Our other big story today is Iran.

And Iran's president is now saying

that his nation won't negotiate under threats or blockade

after the president canceled the planned trip by his top envoys in Pakistan.

Trump telling Fox today that any future meeting will have to be by phone.

If they want, they can call us.

But again, they know what has to be in the agreement.

Very simple.

They cannot have a nuclear weapon, otherwise there's no reason to meet.

Peace talks and a cease fire between both countries are now in limbo.

Republican Senator Thom Tillis of North Carolina says he's prepared now

to move ahead with the confirmation of Federal Reserve chair nominee Kevin Warsh.

He told NBC this morning that he made that decision after the Justice

Department ended a criminal probe targeting current Fed Chair Jerome Powell.

If we had allowed this to occur, I think it would have had devastating

consequences for our financial systems and the markets worldwide.

Thank God we avoided that.

Tillis on NBC's Meet the Press.

He holds a pivotal vote on the Senate Banking Committee, which has set

a hearing for his confirmation on Wednesday.

Markets are set to react to a rocky weekend, including those stalled talks in

Iran, despite ending last week hitting all time highs.

Peter Tchir is head of macro strategy at Academy Securities.

It's really hard to figure out

who's in charge in Iran, so I think that's a big issue,

and it's really to figure out who's willing to make that first move.

I think when we talk to our geopolitical intelligence group,

you know, the consensus view is that we will probably to end this war

has to escalate once more to actually win, that we will have to go

in, that we will have to fight and we will have to put pressure on Iran.

Trump seems reluctant to do that right now, but we don't really see

winning any other way right now.

Academy Securities Peter Tchir on Bloomberg TV.

He says he's also concerned about gas, diesel and spiking fertilizer prices

that could ultimately start impacting jobs, specifically in tech.

Bitcoin's in recovery mode and approaching $80,000

for the first time since January.

But President Trump's renewed pledge to support the U.S.

crypto industry's growth is falling short.

Even with his own meme coin in the mix, Bloomberg's Ed Kalegi

explains, the Trump meme coin fell 14% Saturday, even as the president addressed

some of the token's

biggest holders during his closed door remarks Saturday in Florida,

Trump reiterated his support for a bill that aims to govern the industry.

The 45 minute keynote speech also touched on topics

such as artificial intelligence, the Iran war and Trump branded sneakers.

Trump has embraced cryptocurrencies, and his family has broadly

expanded its business portfolio

to include digital assets, including a stablecoin and bitcoin mining.

Ed Kalegi, Bloomberg Radio.

A Federal Reserve interest rate decisions in focus in the week ahead.

Bloomberg's Karen Moskow has a preview.

The Federal Open Market Committee

wraps up a two day meeting on Wednesday, is expected to hold rates steady,

and it'll be followed by a news conference with Fed Chair Jay Powell.

We'll also get reports that day on U.S.

housing starts and durable goods orders.

Thursday, we get a look at first quarter GDP, personal income

and spending and the weekly report on initial jobless claims.

We'll also get interest rate decisions from the European Central Bank

and Bank of England.

And Friday, a look at manufacturing from the Institute for Supply Management.

Karen Moskow Bloomberg Radio.

We should also get a ton of earnings

reports this week from Microsoft, alphabet, Meta and Amazon,

which combined are spending $650 billion in AI this year.

Apple reports on Thursday, and the companies already warned that its

costs are rising quickly amid supply chain disruptions from the war in Iran.

There's also the blockade in the Strait of Hormuz,

which could impact quarterly reports from GM, Ford, Exxon Mobil and Chevron.

And Sabastian Sawe of Kenya made history today at the London Marathon,

becoming the first person to run a marathon in under two hours.

Sawe smashed the men's world record in one hour, 59 minutes and 30s today.

His time was 65 seconds quicker than the previous best

set by fellow Kenyan runner Kelvin kept him in Chicago in 2023.

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

I'm Monica Rix and this is Bloomberg.