President Trump returned to the White House after a summit in Beijing with Chinese President Xi Jinping. Xi warned that Taiwan could lead to "clashes" between the US and China, calling it a "highly dangerous situation" for the world's biggest economies. Trump must now decide whether to approve a $14 billion US arms sale to Taiwan, which could unleash a bipartisan backlash in Washington or face Beijing's wrath if the deal is approved.

The Long Island Rail Road, the nation’s busiest commuter line, suspended service for the first time in more than 30 years after labor groups and transit officials failed to reach a deal on wage increases by a Friday night deadline. About 3,500 engineers, electrical workers and signalmen walked off the job Saturday for the first time since 1994.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg News Chief North Asia Correspondent Stephen Engle and White House Correspondent Courtney Subramanian, on President Trump saying that Taiwan was the most important issue coming out of the summit.

- Bloomberg News Reporter Michelle Kaske on the Long Island Rail Road suspending service and the state of the negotiations.

- Fortesa Latifi, Journalist & Author of “Like, Follow, Subscribe: Influencer Kids and the Cost of a Childhood Online” on why some are concerned about the growing industry of child influencers.

Plus, Bloomberg News Senior Executive Editor Dave Merritt joins to play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Iran submitted its response to the latest US proposal to end 10 weeks of war, the state-run Islamic Republic News Agency reported, without giving any further details. The proposal implies Iran’s acceptance would end the conflict, which has killed thousands of people across the Middle East and sent energy prices soaring. The two sides would still need to negotiate a deal over Iran’s nuclear program, which remains a critical sticking point.

In Spain’s Canary Islands, a cruise ship at the center of a deadly hantavirus outbreak is starting the process of evacuating passengers, almost a month after the contagious disease broke out. On arrival, they will be screened and told what they should monitor for the next six weeks, according to Anaïs Legand, technical lead for viral hemorrhagic fevers at the World Health Organization. “Obviously, the next priority is to ensure passengers and crew feel safe enough and receive the adequate support they need in a situation that can be very frightening,” she said.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg News White House Correspondent Jeff Mason, on how the White House may respond to Iran, and Representative Johnny Olszewski of Maryland (D) who says he's "not confident" that the US can negotiate an advantageous deal.

- Dr. Carlos Del Rio, Distinguished professor in the Division of Infectious Diseases at Emory University School of Medicine, on the Hantavirus-hit cruise ship beginning its evacuation in the Canary Islands.

- Nina Bandelj, Author of Overinvested: The Emotional Economy of Modern Parenting, on the financial and emotional investment that parents put into their children.

Plus, Christina, David, and Lisa play Pointed: The News Quiz for Risk Takers.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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The UK will deploy one of its warships to the Middle East as part of planning for a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire. The move comes as Iran weighs a new proposal from the US to end the war, which has been going on for 10 weeks. The ship has just completed weapons system testing off the coast of Crete and was deployed to help defend Cyprus at the start of the conflict.

Also this morning, a cluster of hantavirus infections linked to a cruise ship in the Atlantic Ocean has left three people dead and several others seriously ill, prompting an alert from the World Health Organization and raising questions about how a rare rodent-borne disease might spread in such an unusual setting.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Bloomberg News White House Correspondent Jeff Mason on the status of the Strait of Hormuz and what to expect ahead of a summit between President Trump and China's Presdient Xi Jinping.

- Dr. Ashish Jha, Former White House COVID Response Coordinator, on how the Hantavirus is transmitted and the quarantine process for American passengers on an infected cruise ship.

- Representative Ro Khanna of California (D) on the redistricting efforts in the Virginia Supreme Court, a push to release the remaining files from the investigation into Jeffrey Epstein, and this week's Trump-Xi meeting.

- Daniel Dae Kim on his new CNN series "K-Everything" and the popularity of South Korean culture.

Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

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Efforts continued to broker an end to the Iran war, now into its third month, as President Trump suggested the Islamic Republic’s latest peace proposal might not be enough to satisfy him. Iran’s suggestions include setting a one-month deadline on talks for a deal to reopen the Strait of Hormuz and end both the US naval blockade and the fighting in Iran and Lebanon, Axios reported, citing two people familiar with the matter.

Back in the US, Spirit Airlines is winding down operations after the troubled discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Trump fell through.

On today’s show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- Airlines for America President & CEO Chris Sununu, on Spirit’s closure.

- Representative Kevin Kiley (I) of California, who says Iran cannot be allowed to get a nuclear weapon, and Representative Cleo Fields (D), on the Supreme Court limiting the use of the Voting Rights Act.

- Maria Sharapova on her Pretty Tough podcast and life after tennis.

Plus, Christina, David, and Lisa discuss the stories you might have missed this week on BTW.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

Spirit Airlines is winding down operations after the troubled US discount carrier buckled under the weight of surging fuel prices and a government bailout dangled by President Trump fell through. All Spirit flights have been canceled, and passengers have been advised not to go to the airport, after the airline failed to secure a deal with the Trump administration for funding.

Transportation Secretary Sean Duffy spoke hours after Spirit ceased operations, leaving passengers and employees stranded across the US. He announced measures to support those passengers, saying several carriers including United, Delta, Southwest and JetBlue agreed to cap prices or reduce fares for customers impacted by the shutdown.

On today's show, Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo speak with:

- The Points Guy Managing Editor Clint Henderson, GasBuddy's Head of Petroleum Analysis Patrick DeHaan, and Bloomberg White News White House Correspondent Jeff Mason, on what Spirit's closure means for consumers.

- Bloomberg Opinion Energy & Commodities Columnist Javier Blas on the ongoing threat to global energy supplies amid the war in Iran.

- Actor and director Ben McKenzie on his film Everyone is Lying to You for Money, an investigation into cryptocurrency, and his sit-down with Sam Bankman-Fried.

- Bloomberg News Managing Editor David Papadopoulos on betting against the odds in the Kentucky Derby.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene and Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve Chair Jerome Powell said he’ll remain at the central bank as a governor after his term as chair ends. “After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined,” Powell said Wednesday at a press conference.

While Powell’s term as Fed chair ends on May 15, his seat on the Board of Governors doesn’t expire until 2028. “I plan to keep a low profile as a governor,” he said. “There is only ever one chair of the Federal Reserve Board. When Kevin Warsh is confirmed and sworn in, he will be that chair.”

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Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Federal Reserve officials left interest rates unchanged, but revealed a deepening division over the outlook for policy amid increased uncertainty caused by the conflict in the Middle East.Four officials voted against the decision, including three who objected to language in their post-meeting statement that suggested the central bank would eventually resume cutting rates.

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The armed suspect who tried to enter a Washington ballroom where President Donald Trump was speaking was likely targeting administration officials, according to Acting Attorney General Todd Blanche. Blanche said Sunday on NBC’s Meet the Press that the man is believed to have acted alone after traveling by train from California and had been staying at the Washington Hilton, which was hosting the annual White House Correspondents’ Dinner where Trump was scheduled to speak.

The gunfire disrupted Trump’s first appearance as president at the annual dinner, which his predecessors routinely attended. Secret Service officers rushed into the room to evacuate Trump, First Lady Melania Trump, Vice President JD Vance and Cabinet officials. Attendees ducked under tables to take shelter. The incident took place just outside the ballroom of the Washington Hilton.

On today's show:

- Bloomberg This Weekend hosts David Gura, Christina Ruffini, and Lisa Mateo give a firsthand account of the shooting after attending the dinner.

- Texas Representative Michael McCaul (R), who says "we're all to blame" when it comes to the increase in violent political rhetoric online.

- Virginia Representative Don Beyer (D), on his concerns of a divided country following the shooting, and the Virginia redistricting vote that could tilt the balance in the midterm elections.

- Rising Communications Founder and former Republican congressional advisor Leslie Shedd, and Former Senior Advisor for Political Engagement during the Biden Administration, John McCarthy, on what the dinner represents in Washington, as well as Senator Tillis saying he's ready to confirm Kevin Warsh as Fed chair.

For more conversations like this, watch and listen to Bloomberg This Weekend live on Saturdays and Sundays from 7AM-10AM ET. Watch on Bloomberg Television, listen on Bloomberg Radio and stream the show live on the Bloomberg Business app and Bloomberg.com/video.

See omnystudio.com/listener for privacy information.