US Support for Ukraine Stalls; Trump Readies for Tariffs on Allies

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:13.160 Good morning, I'm Nathan Hager and I'm Karen Moscow. 0:00:13.280 --> 0:00:15.160 Here are the stories we're following today. 0:00:15.360 --> 0:00:17.880 Karen, we begin with the Oval Office feud that drew 0:00:17.920 --> 0:00:22.040 global attention and concern from American allies. Ukrainian President Vladimir 0:00:22.160 --> 0:00:25.400 Zelenski left the White House without a minerals deal Friday. 0:00:25.680 --> 0:00:28.840 After that public clash with President Trump and Vice President 0:00:28.960 --> 0:00:32.559 j d Vance, Zelenski expressed doubt about Trump's efforts to 0:00:32.560 --> 0:00:36.640 negotiate with Russia. Trump accused Zelensky of disrespecting the US 0:00:36.960 --> 0:00:40.720 Director of National Intelligence. Tulci Gabbert told Fox News Sunday, 0:00:41.120 --> 0:00:43.600 mending ties with Zelensky won't be easy. 0:00:44.080 --> 0:00:47.080 There's going to have to be a rebuilding of any 0:00:47.200 --> 0:00:50.520 kind of interest in good faith negotiations. I think before 0:00:50.560 --> 0:00:53.479 President Trump is going to be willing to re engage 0:00:53.520 --> 0:00:53.800 on this. 0:00:54.360 --> 0:00:57.440 Those comments from Tulci Gabbert, heard here on Bloomberg Radio, 0:00:57.520 --> 0:01:00.240 were echoed by Secretary of State Marco Rubio, so he 0:01:00.320 --> 0:01:03.640 says Zelenski needs to come to the realization that America. 0:01:03.320 --> 0:01:04.039 Is trying to help. 0:01:04.400 --> 0:01:07.319 Responding to a question from the BBC in London, President 0:01:07.400 --> 0:01:10.199 Zelensky said he is willing to meet President Trump again 0:01:10.319 --> 0:01:10.959 if invited. 0:01:11.240 --> 0:01:16.000 Perhaps there is a need thenlyst certain things, but I 0:01:16.040 --> 0:01:18.600 would but just one Ukraine. 0:01:19.240 --> 0:01:22.720 Head speaking through an interpreter there, President Zelenski added Ukraine 0:01:22.800 --> 0:01:25.120 is ready to sign the natural resources deal that was 0:01:25.120 --> 0:01:26.440 put on hold last week. 0:01:26.720 --> 0:01:30.000 Well over the weekend, Nathan, UK Prime Minister, kir Starmer 0:01:30.040 --> 0:01:33.280 and other European leaders used a security summit in London 0:01:33.319 --> 0:01:37.120 to demonstrate broad support for Ukraine, but behind the scenes 0:01:37.160 --> 0:01:39.679 they were pushing to get Vladimir Zelensky back to the 0:01:39.720 --> 0:01:43.240 table with President Trump. Speaking after the summit, Starmer said 0:01:43.240 --> 0:01:45.280 that uk and France are now working on a plan 0:01:45.319 --> 0:01:48.560 to secure Ukraine after any US brokers ceasefire. 0:01:48.800 --> 0:01:51.680 It's time to act, time to step up and lead 0:01:52.080 --> 0:01:54.880 and to unite around a new plan for a just 0:01:55.040 --> 0:01:57.200 an enduring piece and here. 0:01:57.200 --> 0:02:00.320 Starmer's comments came as French President Emanuel mccrun said the 0:02:00.360 --> 0:02:02.400 two leaders are working on a plan to secure a 0:02:02.440 --> 0:02:05.040 one month truce in Ukraine. In an interview with Le 0:02:05.160 --> 0:02:09.400 Figaro newspaper, Macron said the potential truce would include ground 0:02:09.440 --> 0:02:12.800 and maritime operations, as well as energy infrastructure. 0:02:13.040 --> 0:02:16.639 Also happening in geopolitics, Karen, President Trump will soon place 0:02:16.840 --> 0:02:20.400 twenty five percent tariffs on most imports from Canada and 0:02:20.480 --> 0:02:24.560 Mexico and double an existing ten percent levy on China. 0:02:25.000 --> 0:02:28.000 Those new tariffs are due to kick in tomorrow. Commerce 0:02:28.040 --> 0:02:31.800 Secretary Howard Lutnik tells Fox News President Trump could yet 0:02:31.919 --> 0:02:34.760 change his mind on Mexico and Canada. 0:02:34.880 --> 0:02:37.680 He's sort of thinking about right now how exactly he 0:02:37.720 --> 0:02:39.840 wants to play it with Mexico and Canada, and that 0:02:40.040 --> 0:02:42.960 is a fluid situation. There are going to be tariffs 0:02:43.040 --> 0:02:46.600 on Tuesday on Mexico and Canada. Exactly what they are, 0:02:46.800 --> 0:02:48.880 We're going to leave that for the President and his 0:02:49.040 --> 0:02:50.760 team to negotiate. 0:02:51.000 --> 0:02:54.120 Commerce Secretary Letnik says how Canada and Mexico have done 0:02:54.120 --> 0:02:57.080 a lot to address issues like immigration and drug trafficking. 0:02:57.639 --> 0:03:00.280 Meanwhile, in DC, Nathan, this promises to be a busy 0:03:00.360 --> 0:03:03.560 week in the US capital, especially tomorrow, and Bloomberg's Amy 0:03:03.600 --> 0:03:05.280 Morris has more from Washington. 0:03:05.680 --> 0:03:08.600 The Supreme Court is expected to hear arguments over gun 0:03:08.720 --> 0:03:12.800 violence liability. The Mexican government is suing for billions of 0:03:12.840 --> 0:03:17.160 dollars in damages and changes to American firearms regulation. But 0:03:17.280 --> 0:03:21.240 Tuesday night, President Trump will address a joint session of Congress. Technically, 0:03:21.240 --> 0:03:23.280 it won't be a State of the Union because Trump 0:03:23.400 --> 0:03:26.240 wasn't president last year. Listen out for results on the 0:03:26.280 --> 0:03:29.320 government efficiency efforts in effect for the past several weeks, 0:03:29.600 --> 0:03:33.120 and a potential government shutdown is now just two weeks away. 0:03:33.480 --> 0:03:35.480 In Washington. Amy Moore as Bloomberg Radio. 0:03:35.600 --> 0:03:37.640 All right, Amy, thank you, and you can hear President 0:03:37.720 --> 0:03:41.000 Trump's remarks to Congress with a special edition of Bloomberg 0:03:41.080 --> 0:03:43.960 Balance of Power starting tomorrow at eight pm Wall Street 0:03:44.000 --> 0:03:47.200 Time here on Bloomberg Radio and on the Bloomberg Podcast 0:03:47.240 --> 0:03:48.240 page on YouTube. 0:03:48.320 --> 0:03:51.360 Well Karen, Crypto recouped some of its losses from last 0:03:51.360 --> 0:03:55.600 week with a Sunday post from President Trump. Let's get 0:03:55.600 --> 0:03:58.320 more on what the President had to say from Bloomberg's 0:03:58.360 --> 0:03:59.360 John Tucker Come Morning. 0:03:59.200 --> 0:04:02.400 John Goring Nathan Trump once again talked up his plan 0:04:02.480 --> 0:04:06.720 for a strategic crypto reserve, a truth social The President 0:04:06.760 --> 0:04:10.160 said his January Executive Order on Crypto directed the Presidential 0:04:10.200 --> 0:04:13.640 Working Grypto move forward on a crypto strategic reserve that 0:04:13.760 --> 0:04:19.120 includes more tokens like soul, XRP, and Ada. Trump also 0:04:19.120 --> 0:04:21.880 said bitcoin and ether would be included. In the reserve, 0:04:22.200 --> 0:04:25.560 helping those coins recover some of last week's seep declines. 0:04:25.960 --> 0:04:28.680 A lot of the details of the president's plan are unknown, 0:04:28.720 --> 0:04:32.160 including how much the government will actually buy and how 0:04:32.160 --> 0:04:36.360 the purchases would be funded. The Bloomberg Galaxy Crypto index 0:04:36.360 --> 0:04:39.920 that sank twenty eight percent in February, its worst month 0:04:40.000 --> 0:04:43.800 since the crypto winter of twenty twenty two. Bitcoin this 0:04:43.920 --> 0:04:47.480 morning down two and a half percent, just over ninety 0:04:47.520 --> 0:04:51.400 one thousand dollars in New York Times, John Tucker, Bloomberg Radio, All. 0:04:51.400 --> 0:04:53.960 Right, John, thank you well. Andrew Cuomo has made it official. 0:04:54.000 --> 0:04:56.080 He's running for mayor of New York City. We get 0:04:56.120 --> 0:04:58.720 more now from Bloomberg's Kimberly Adams. 0:04:58.400 --> 0:05:00.560 The former three term governor of New New York who 0:05:00.600 --> 0:05:04.360 resigned in twenty twenty one amid multiple allegations of sexual harassment, 0:05:04.480 --> 0:05:07.960 joined an already crowded field of challengers buying to unseed 0:05:08.000 --> 0:05:11.240 incumbent Mayor Eric Adams ahead of the June twenty fourth 0:05:11.320 --> 0:05:12.440 Democratic primary. 0:05:12.680 --> 0:05:15.080 I know what needs to be done, and I know 0:05:15.160 --> 0:05:17.680 how to do it, and I will give it my 0:05:18.000 --> 0:05:22.680 all to get the job done, and it will get done. 0:05:22.839 --> 0:05:25.440 Quomo's decision to run, rumored for more than a year, 0:05:25.600 --> 0:05:27.880 up ends the race to lead the biggest US city. 0:05:28.040 --> 0:05:31.080 Several polls have shown him leading the field, which includes 0:05:31.160 --> 0:05:35.640 Adams City Comptroller Brad Lander, former comptroller Scott Stringer, and 0:05:35.720 --> 0:05:39.719 former hedge fund manager Whitney Tilson. In New York, Kimberley Adams, 0:05:39.760 --> 0:05:40.880 Bloomberg Radio. 0:05:40.720 --> 0:05:42.720 All Right, Kim, thank you me Weill. In the Middle East, 0:05:42.760 --> 0:05:46.080 Israel says it is blocking all humanitarian aid into Gaza 0:05:46.160 --> 0:05:49.080 after the first stage of the ceasefire with Hamas expired 0:05:49.120 --> 0:05:52.479 early yesterday. Hamas has rejected a US led proposal to 0:05:52.560 --> 0:05:55.040 extend the truce till the middle of next month. Saudi 0:05:55.080 --> 0:05:58.080 Arabia and Egypt are both criticizing Israel. They say aide 0:05:58.080 --> 0:06:01.560 should not be used for quote collect punishment lover. 0:06:01.600 --> 0:06:05.760 In Europe, Nathan former Barclay's chief Jess Staley, will begin 0:06:05.800 --> 0:06:08.320 a legal showdown today over his friendship with sex offender 0:06:08.360 --> 0:06:11.000 Jeffrey Epstein and Bloomberg's t you Are at a Baio as. 0:06:10.880 --> 0:06:14.440 More, Staley will go to court to challenge a lifetime 0:06:14.520 --> 0:06:17.960 ban from the UK finance industry and findings that he 0:06:18.160 --> 0:06:22.240 recklessly misled regulators about his links to Epstein. It will 0:06:22.240 --> 0:06:26.000 be the former CEO's first public testimony about the event 0:06:26.120 --> 0:06:29.359 since his resignation in twenty twenty one. Up to this point, 0:06:29.480 --> 0:06:33.080 Staley has maintained he cut direct contact with the financier 0:06:33.320 --> 0:06:37.440 before taking his post. Witnesses who could be called include 0:06:37.480 --> 0:06:40.880 some of the sector's most eminent figures. Bank of England 0:06:40.960 --> 0:06:45.200 Governor Andrew Bailey and Barclay's chairman Nigel Higgins in London, 0:06:45.320 --> 0:06:47.600 tea at a Baio Bloomberg Radio. 0:06:47.440 --> 0:06:49.680 Ni Tiwa, thank you. We've got some news from space. 0:06:49.880 --> 0:06:50.560 This morning. 0:06:50.680 --> 0:06:55.640 Firefly Aerospace has successfully landed its first robotic spacecraft on 0:06:55.720 --> 0:06:58.680 the Moon, marks the second time a commercial lander has 0:06:58.720 --> 0:07:00.440 pulled off. The feet is more comp but he's try 0:07:00.480 --> 0:07:03.600 to reach the lunar surface ahead of future human landings. 0:07:03.839 --> 0:07:08.600 Following the launch January fifteenth, Firefly's Blue Ghost Lander touchdown 0:07:08.680 --> 0:07:12.240 early yesterday morning. The spacecraft is carrying ten tools and 0:07:12.320 --> 0:07:15.559 experiments built by NASA, including a drill that will bury 0:07:15.600 --> 0:07:19.040 itself into the lunar soil to test the Moon's temperature. 0:07:19.520 --> 0:07:22.840 And Finally, Nathan and Nora has dominated the ninety seventh 0:07:22.880 --> 0:07:26.640 Academy Awards, winning five honors, including Best Picture. The film's 0:07:26.720 --> 0:07:29.760 star Mikey Madison took home a Best Leading Actress award 0:07:29.880 --> 0:07:32.400 and thanked Sean Baker, who won Best Director. 0:07:33.000 --> 0:07:35.720 This is a dream come true. I'm probably going to 0:07:35.760 --> 0:07:36.880 wake up tomorrow. 0:07:38.280 --> 0:07:39.560 Thank you so much, Sean. 0:07:39.800 --> 0:07:40.680 I adore you. 0:07:41.760 --> 0:07:45.000 And alongside Madison, Adrian Brody picked up his second career 0:07:45.000 --> 0:07:47.760 OSCAR for Best Leading Actor in The Brutalist. And for 0:07:47.840 --> 0:07:52.640 those streaming this ceremony, Disney's Hulu experienced technical difficulties, preventing 0:07:52.680 --> 0:07:55.480 tens of thousands of paying customers from accessing the service. 0:07:55.760 --> 0:08:02.280 The issue was resolved after about two hours. Time now 0:08:02.280 --> 0:08:04.920 for another look at some other stories making news in 0:08:04.920 --> 0:08:06.400 New York and around the world, and for that we're 0:08:06.440 --> 0:08:08.920 joined by Bloomberg's Michael Maher Michael, good Morning. 0:08:08.720 --> 0:08:12.280 Good Morning. Karen Moore on the Oscar, Zoe's Aldana won 0:08:12.360 --> 0:08:15.960 Best Supporting Actress, delivering a heartfelt speech thanking your family. 0:08:16.360 --> 0:08:20.200 I am the first American of Dominican origin to accept 0:08:20.200 --> 0:08:21.200 an Academy Warren. 0:08:21.320 --> 0:08:22.880 I know I will not be the last. 0:08:23.760 --> 0:08:28.000 Karen Coulkin won for Best Supporting Actor. During his acceptance speech, 0:08:28.360 --> 0:08:31.560 Coulkin said his wife promised they'd have a fourth child 0:08:31.560 --> 0:08:32.520 if you won an Oscar. 0:08:32.800 --> 0:08:34.719 She said, I will give you four when you win 0:08:34.760 --> 0:08:35.240 an Oscar. 0:08:39.360 --> 0:08:39.880 I held my. 0:08:39.960 --> 0:08:42.560 Hand out, she shook it, and I have not brought 0:08:42.559 --> 0:08:44.080 it up once until just now. 0:08:44.760 --> 0:08:47.440 The ceremony also honored the men and women who battled 0:08:47.440 --> 0:08:50.920 the recent Los Angeles wildfires. Morgan Freeman took the stage 0:08:50.960 --> 0:08:54.840 to introduce a in memoriam segment with a tribute to 0:08:54.880 --> 0:08:58.120 his friend, the late Gene Hackman. The ninety five year 0:08:58.160 --> 0:09:00.480 old two time Oscar winner and his wife were dead 0:09:00.520 --> 0:09:03.200 alongside one of their dogs at their Santa Fe home 0:09:03.280 --> 0:09:06.960 last week. Their bodies were found at least nine days 0:09:07.000 --> 0:09:12.160 after their depths. Based on Heckman's pacemaker activity, both tested 0:09:12.200 --> 0:09:16.960 negative of carbon monoxide poisoning, but medical toxicologist doctor Stephanie 0:09:17.000 --> 0:09:20.120 Whitmer says an autopsy will be needed to rule out 0:09:20.160 --> 0:09:21.280 carbon monoxide. 0:09:21.480 --> 0:09:25.400 The longer that time goes by without carbon monoxide being tested, 0:09:25.440 --> 0:09:27.440 the less likely it is to show up. 0:09:27.480 --> 0:09:29.120 It may have diffused out of the body. 0:09:29.480 --> 0:09:34.520 Emergency medicine physician doctor Stephanie Whitmer Cruise battled wildfires in 0:09:34.600 --> 0:09:38.480 North and South Carolina amid dry conditions and gusty winds 0:09:38.800 --> 0:09:41.840 as residents were forced to evacuate in some areas. In 0:09:41.920 --> 0:09:45.559 South Carolina, Governor Henry McMaster declared a state of emergency 0:09:45.880 --> 0:09:49.640 to support the response effort, and a statewide burning band 0:09:49.679 --> 0:09:52.640 remain in effect. This woman says, it has been a 0:09:52.679 --> 0:09:53.800 surreal experience. 0:09:54.040 --> 0:09:57.200 And then they get them under control, and then it 0:09:57.280 --> 0:10:00.920 starts up again. It just keeps going. They get them 0:10:00.960 --> 0:10:03.760 down the fires, but you see the smooke, and then 0:10:03.760 --> 0:10:06.320 within hours later it relights again. 0:10:07.120 --> 0:10:10.199 In North Carolina, evacuations for the town of try And 0:10:10.320 --> 0:10:13.120 remained in fact. Global news twenty four hours a day 0:10:13.240 --> 0:10:15.439 and whenever you want it with Bloomberg News. Now, I'm 0:10:15.440 --> 0:10:17.840 Michael Barr, and this is Bloomberg Carrot. 0:10:17.880 --> 0:10:24.839 All right, Michael Barr, thank you, and it's time now 0:10:24.840 --> 0:10:27.120 for the Bloombergy Sports Update, brought to you by Tri 0:10:27.400 --> 0:10:30.240 State Odie. Here's John Stashauer. John, Good morning, Hey. 0:10:30.080 --> 0:10:32.600 Good morning, John. What a weekend for the next Friday 0:10:32.640 --> 0:10:35.680 in Memphis, they trailed almost the whole game, came from 0:10:35.720 --> 0:10:38.200 twelve down, won by a point. Last night in Miami, 0:10:38.280 --> 0:10:40.120 they didn't take their first lead until there were three 0:10:40.160 --> 0:10:42.160 minutes to go in regulation and they had one point 0:10:42.240 --> 0:10:45.839 trailed by nineteen. The Knicks in heat went to overtime. 0:10:46.320 --> 0:10:48.120 They got a hurry to get it across from mid court, 0:10:48.200 --> 0:10:50.440 though he does with bridgets inside. 0:10:50.440 --> 0:10:51.199 He added over. 0:10:55.120 --> 0:11:01.040 Four point lead no timeouts for Miami. Heiro with ten 0:11:01.559 --> 0:11:02.640 spins away from heart. 0:11:02.920 --> 0:11:03.920 How the file has to. 0:11:04.040 --> 0:11:09.640 Launch kick it up three bound towns cluck wanting down 0:11:11.400 --> 0:11:14.400 Towns tribbles it out the next pull off their biggest 0:11:14.480 --> 0:11:16.040 come back fit of the season. 0:11:15.880 --> 0:11:19.720 On MSG won sixteen, won twelve the finals. Jalen Brunson 0:11:19.760 --> 0:11:22.679 scored thirty one points and Ojeonanoviy added twenty three, and 0:11:22.720 --> 0:11:26.079 the Knicks are now forty and twenty. Cleveland is fifty 0:11:26.160 --> 0:11:29.160 to ten. The cavs tenth straight win came from eighteen 0:11:29.280 --> 0:11:31.599 down beat Portland. That was also a ot battle of 0:11:31.600 --> 0:11:34.760 the NBA's last two champions. Celtics beat Denver one ten 0:11:34.800 --> 0:11:37.160 one oh three, Lakers beat the Clippers. Luca Downson scored 0:11:37.200 --> 0:11:40.040 twenty nine at the Gardener shut out for Jonathan Quick, 0:11:40.160 --> 0:11:43.800 Rangers blank Nashville four nothing, Devil's got shut out to nothing, 0:11:43.880 --> 0:11:46.600 lost in Vegas, and the Bruins were blank lost one 0:11:46.720 --> 0:11:50.240 nothing at Minnesota. The Washington Commanders this past season went 0:11:50.320 --> 0:11:52.920 from four wins to fourteen, and now they've given their 0:11:52.960 --> 0:11:56.199 young quarterback Jayden Daniels a nice weapon, acquiring Whiteout Deebo 0:11:56.400 --> 0:11:58.920 Samuel from the forty nine ers for a fifth round 0:11:59.000 --> 0:12:01.280 draft pick. The Trader will come official next week in 0:12:01.440 --> 0:12:04.200 Palm Beach. Joe high Smith with a second straight round 0:12:04.240 --> 0:12:06.840 of sixty four, one of the cognitisant Golf by two shots. 0:12:07.160 --> 0:12:10.000 It's his first PGA Tour victory. Jake Napp, who had 0:12:10.040 --> 0:12:12.000 that fifty nine in the opening round, still had the 0:12:12.160 --> 0:12:15.040 lead until the eleventh hole when he put two shots 0:12:15.080 --> 0:12:15.800 in the water. 0:12:15.640 --> 0:12:18.600 And had a triple boom. John Stashie, We're Bloomberg Sports 0:12:18.679 --> 0:12:19.560 are Nikan. 0:12:21.679 --> 0:12:25.720 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:25.960 --> 0:12:28.800 and around the world on Bloomberg dot Com and the 0:12:28.840 --> 0:12:31.920 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:31.960 --> 0:12:33.240 Good morning, I'm Nathan Hager. 0:12:33.360 --> 0:12:36.360 After last week's Oval Office blow up between President Trump 0:12:36.360 --> 0:12:40.079 and Ukrainian President Vladimir Zelenski, European nations are racing to 0:12:40.160 --> 0:12:42.800 assemble what they're calling a Coalition of the willing to 0:12:42.880 --> 0:12:45.480 support Ukraine and bring in peacekeeping troops in the event 0:12:45.520 --> 0:12:49.480 of a ceasefire with Russia. Canadian Prime Minister Justin Trudeau 0:12:49.520 --> 0:12:51.160 says his nation is willing. 0:12:51.480 --> 0:12:51.920 We're going to. 0:12:51.920 --> 0:12:55.880 Continue to be there to support Ukraine as necessary, with 0:12:56.040 --> 0:12:58.280 whatever it takes, for as long as it takes, because 0:12:58.559 --> 0:13:01.439 Ukraine is not just defending it its own territories, defending 0:13:01.520 --> 0:13:06.199 the very principles and values that underpin all of our democracies. 0:13:06.320 --> 0:13:09.360 Canadian Prime Minister Justin Trudeau spoke at a weekend security 0:13:09.400 --> 0:13:11.640 summit in London, and for more. We're joined this morning 0:13:11.640 --> 0:13:14.160 by Bloomberg New senior writer Stephanie Baker, the author of 0:13:14.240 --> 0:13:15.480 the book Punishing Putin. 0:13:15.840 --> 0:13:17.000 Stephanie, good morning. 0:13:17.120 --> 0:13:19.839 I guess the big question now is whether the US 0:13:20.440 --> 0:13:22.839 can be part of a coalition of the willing after 0:13:23.160 --> 0:13:26.080 that blow up. What's it going to take to get 0:13:26.240 --> 0:13:28.880 everyone back on the same page after what we saw 0:13:28.920 --> 0:13:30.440 in the Oval Office last Friday? 0:13:32.000 --> 0:13:35.439 Right, Well, you see UK Prime Minister Cure Starmer and 0:13:35.720 --> 0:13:40.800 French President Emmanuel Macron trying to reset relations. They tried 0:13:40.880 --> 0:13:45.439 to arrange for the Ukrainian President Vladimir Zelensky to go 0:13:45.600 --> 0:13:47.120 back to Washington this weekend. 0:13:47.200 --> 0:13:48.120 That did not work. 0:13:48.480 --> 0:13:53.160 Trump administration officials are insisting on an apology. Zelenski is 0:13:53.200 --> 0:13:57.160 saying he didn't see any need to apologize. Zelensky has 0:13:57.320 --> 0:14:04.280 also rejectedsals from Manuel Macron and kir Starmer for a 0:14:04.480 --> 0:14:11.800 one month UH ceasefire for air see and infrastructure in Ukraine. 0:14:12.880 --> 0:14:16.920 I think there's a fundamental difference here between how Zolensky 0:14:17.040 --> 0:14:20.400 sees these peace negotiations going ahead and how the Trump 0:14:20.440 --> 0:14:24.880 administration does. Zolensky believes that a mere ceasefire that stops 0:14:24.920 --> 0:14:29.360 the fighting without security guarantees leaves Ukraine vulnerable to another 0:14:29.440 --> 0:14:32.840 attack from Russia. I think Trump thinks it a quick 0:14:32.920 --> 0:14:35.600 deal where they stop the fighting, it is worth worth 0:14:35.720 --> 0:14:39.320 going ahead with, and has been very vague and back 0:14:39.360 --> 0:14:42.080 and forth on security guarantees. Has has not been explicit 0:14:42.160 --> 0:14:46.880 about his willingness to provide those that US backstop that 0:14:47.320 --> 0:14:51.479 Starmer really wants for any kind of peace European peacekeeping 0:14:51.560 --> 0:14:54.280 force in Ukraine, and that is the fundamental problem here. 0:14:55.160 --> 0:14:59.160 Yeah, it seems as though President Trump is indicating that 0:14:59.480 --> 0:15:02.960 the economic buy in might be enough in terms of 0:15:03.160 --> 0:15:05.920 the US having some kind of skin in the game 0:15:06.440 --> 0:15:11.280 after the security conference. Though in Europe is this potentially 0:15:11.400 --> 0:15:14.920 pitting the European side against the US. 0:15:15.080 --> 0:15:20.800 Now It is revealing the divisions, and I think Europe 0:15:21.120 --> 0:15:24.000 is realizing that they need to get their act together 0:15:24.080 --> 0:15:28.280 and start investing in defense because they can't be relying 0:15:28.360 --> 0:15:33.600 on the US anymore. Zelensky has said he is willing 0:15:33.920 --> 0:15:38.440 to sign this deal with the US, this mineral rights 0:15:38.480 --> 0:15:41.680 deal with the US. I think there was a line 0:15:41.800 --> 0:15:44.560 added to that agreement, to the revised version of that agreement, 0:15:44.640 --> 0:15:48.080 that provided some language on security guarantees, although. 0:15:47.840 --> 0:15:49.160 It's really quite vague. 0:15:49.840 --> 0:15:52.800 I mean, remember, just the fact that there is US 0:15:53.080 --> 0:15:56.320 economic or business interests in Ukraine is not a real 0:15:56.480 --> 0:16:01.480 security guarantee. Just think of Kuwait. A rock invaded Kuwait 0:16:01.560 --> 0:16:04.280 when there were US oil companies operating there. That did 0:16:04.360 --> 0:16:07.920 not provide a real security guarantee. And I think Zelensky 0:16:08.040 --> 0:16:12.320 is right to be skeptical that that would be enough 0:16:12.480 --> 0:16:16.200 to deter Putin from trying to launch another invasion or 0:16:16.360 --> 0:16:17.320 violate the ceasefire. 0:16:17.560 --> 0:16:20.920 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:21.040 --> 0:16:24.000 making news from Wall Street to Washington and beyond. 0:16:24.320 --> 0:16:26.640 Look for us on your podcast feed by six am 0:16:26.720 --> 0:16:30.120 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:30.360 --> 0:16:33.160 You can also listen live each morning starting at five 0:16:33.200 --> 0:16:35.840 am Wall Street Time on Bloomberg eleven three to zero 0:16:35.960 --> 0:16:38.800 in New York, Bloomberg ninety nine to one in Washington, 0:16:38.920 --> 0:16:42.800 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:43.080 --> 0:16:44.600 XM Channel one twenty one. 0:16:45.040 --> 0:16:45.280 Plus. 0:16:45.360 --> 0:16:47.920 Listen coast to coast on the Bloomberg Business app now 0:16:48.000 --> 0:16:50.520 with Apple CarPlay and Android Atto interfaces. 0:16:50.840 --> 0:16:53.840 And don't forget to subscribe to Bloomberg News Now. It's 0:16:53.880 --> 0:16:56.600 the latest news whenever you want it in five minutes 0:16:56.680 --> 0:16:59.720 or less. Search Bloomberg News Now and your favorite podcast. 0:16:59.760 --> 0:17:02.960 Plan informed to stay informed all day long. I'm Karen 0:17:03.040 --> 0:17:04.760 Moscow and I'm Nathan Hager. 0:17:04.920 --> 0:17:06.960 Join us again tomorrow morning for all the news you 0:17:07.040 --> 0:17:09.560 need to start your day right here on Bloomberg Day 0:17:09.600 --> 0:17:09.760 Bray