Putin Reportedly Open to Truce Talks; Wall Street Awaits Nvidia Earnings

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.760 --> 0:00:12.680 Good morning, I'm Nathan Hager and I'm Karen Moscow. 0:00:12.760 --> 0:00:14.680 Here are the stories we're following today. 0:00:14.880 --> 0:00:17.200 Karen, we begin with the latest developments in the Russia 0:00:17.280 --> 0:00:21.159 Ukraine war. Reuters is reporting Vladimir Putin is willing to 0:00:21.160 --> 0:00:24.480 talk with President like Donald Trump about a ceasefire deal 0:00:24.480 --> 0:00:27.280 in Ukraine that could roughly freeze the war along current 0:00:27.360 --> 0:00:30.000 front lines. We get more from Bloomberg's Oliverkruk. 0:00:30.360 --> 0:00:33.080 There's room for negotiation over carve outs over the four 0:00:33.120 --> 0:00:37.000 regions of Donetskluhan, Saparija, and Karazon. And then we also 0:00:37.040 --> 0:00:39.519 know that they're open to withdrawing potentially. So this is 0:00:39.560 --> 0:00:42.360 the Russian talking about potentially withdrawing from small patches of 0:00:42.440 --> 0:00:46.479 territory in other parts of Ukraine. Now, another point that 0:00:46.520 --> 0:00:48.600 he will insist on, Putin will insist on, is that 0:00:48.680 --> 0:00:51.879 Ukraine abandon his ambitions to join NATO again. This is 0:00:51.920 --> 0:00:54.880 potentially closer to a wishless from what the Russian side wants, 0:00:54.960 --> 0:00:57.480 but it is significant because if it is accurate, this 0:00:57.560 --> 0:01:00.200 is some of the first sort of concrete sketches we 0:01:00.240 --> 0:01:03.720 have heard from the Russian point and potentially a sort 0:01:03.760 --> 0:01:05.640 of opening negotiation discussion. 0:01:06.080 --> 0:01:09.520 Bloomberg Zali Krook says President Biden's decision to allow Ukraine 0:01:09.520 --> 0:01:13.679 to use long range missiles inside Russia could complicate any settlement. 0:01:14.000 --> 0:01:16.560 In another development, Bloomberg News has learned the US has 0:01:16.600 --> 0:01:19.880 decided to provide Ukraine with anti personnel land mines to 0:01:19.920 --> 0:01:21.600 blunt the advance of Russian troops. 0:01:22.240 --> 0:01:25.240 Meanwhile, Nathan the US Embassy in Kiev says it's received 0:01:25.280 --> 0:01:29.000 warning of a potentially significant Russian air attach and would 0:01:29.000 --> 0:01:32.800 be closed as a precaution. The embassy also instructed employees 0:01:32.840 --> 0:01:35.920 to shelter in place, and also recommended that US citizens 0:01:35.920 --> 0:01:39.160 in Kiev be prepared to immediately shelter in the event 0:01:39.240 --> 0:01:40.920 of an air alert and Karen All. 0:01:40.880 --> 0:01:42.679 This comes on the heels of the final day of 0:01:42.680 --> 0:01:45.440 the G twenty summit in Rio de Janeiro. The meeting 0:01:45.560 --> 0:01:48.480 was marked by tension and this unity. Leaders failed to 0:01:48.520 --> 0:01:51.200 agree on language characterizing the wars in Ukraine in the 0:01:51.200 --> 0:01:54.040 Middle East. The summit was also overshadowed by the looming 0:01:54.080 --> 0:01:56.800 return of Donald Trump to the White House. Diplomats are 0:01:56.800 --> 0:01:58.800 wondering what kind of role the US will play in 0:01:58.800 --> 0:02:02.400 world affairs under his leadership. Bloomberg's Roz Matheson has more 0:02:02.440 --> 0:02:02.960 from London. 0:02:03.160 --> 0:02:06.360 It seems like this meeting was particularly chaotic as well. 0:02:06.400 --> 0:02:09.880 We had that weirdness over the family photo where three 0:02:09.960 --> 0:02:12.840 of the leaders missed it. It had to be redone 0:02:12.960 --> 0:02:16.120 in a different setting a day later, which was all 0:02:16.160 --> 0:02:19.240 a bit awkward, and it just seems to reflect the 0:02:19.240 --> 0:02:21.520 fact there was a lot going on behind the scenes 0:02:21.600 --> 0:02:25.480 in terms of disagreements and arguments over be it the 0:02:25.480 --> 0:02:28.840 war in Ukraine, but also the conflict in the Middle East, 0:02:29.000 --> 0:02:31.760 and more than anything, hanging over it the sense of 0:02:32.160 --> 0:02:35.080 the fact that Donald Trump's returning to the White House 0:02:35.160 --> 0:02:37.760 and what that means for these leaders and for the 0:02:37.760 --> 0:02:38.400 rest of the world. 0:02:38.560 --> 0:02:41.440 Bloomberg's Roslind Matheson says the summit was built as a 0:02:41.480 --> 0:02:44.120 moment for the West and the rest to show unity, 0:02:44.320 --> 0:02:46.480 but it served to show how quickly the guardrails are 0:02:46.480 --> 0:02:48.760 coming off the international rules based order. 0:02:49.480 --> 0:02:51.680 All right, Nathan, Now let's get to the leaatest on 0:02:51.720 --> 0:02:55.040 that Trump a transition president like Trump has added read 0:02:55.080 --> 0:02:58.600 more big names to his cabinet. He's tapped Kenner Fitzgerald CEO, 0:02:58.639 --> 0:03:01.760 Howard Lutniks, Comer Secretary after taking him out of the 0:03:01.880 --> 0:03:05.919 running for Treasury. Linda McMahon, the former World Wrestling Entertainment 0:03:06.000 --> 0:03:09.720 CEO and small business administrator in the first Trump administration, 0:03:10.280 --> 0:03:13.400 is Trump's choice to lead the Education Department, and Trump 0:03:13.440 --> 0:03:17.079 has named Memetaz, the celebrity doctor, to lead the centers 0:03:17.120 --> 0:03:20.280 for Medicare and Medicaid Services. We get more on that 0:03:20.320 --> 0:03:23.119 pick with Bloomberg's Wendy Benjaminson in Washington. 0:03:23.639 --> 0:03:26.800 He was a professor of medicine at Columbia University, but 0:03:26.880 --> 0:03:28.720 he has spent a good deal of his career in 0:03:28.760 --> 0:03:32.840 the last ten years promoting, you know, sort of fringe 0:03:33.680 --> 0:03:37.200 fringe medical things, a lot of wellness stuff that isn't 0:03:37.280 --> 0:03:39.160 quite you know, on the beam with a lot of 0:03:39.160 --> 0:03:40.160 the medical community. 0:03:40.440 --> 0:03:43.440 As for the Treasury choice, Karen President like, Trump's working 0:03:43.480 --> 0:03:45.840 to get that back on track, sources tell Bloomberg News. 0:03:45.880 --> 0:03:48.920 He's holding interviews today with two top contenders, former Fed 0:03:48.960 --> 0:03:52.600 Governor Kevin Walsh and Apollo Global Management CEO Mark Rowan. 0:03:52.920 --> 0:03:56.440 Another potential candidate, Tennessee Senator Bill Haggerty spent much of 0:03:56.520 --> 0:03:59.680 yesterday with Trump. Key Square Group founder Scott Bessant is 0:03:59.720 --> 0:04:01.360 also in the running for Treasury. 0:04:01.840 --> 0:04:05.520 Well Nathan oak Tree Capital Management co founder Howard Marx 0:04:05.640 --> 0:04:08.600 is weighing in on the upcoming Trump presidency. He spoke 0:04:08.640 --> 0:04:10.440 with Bloomberg Television in Asia. 0:04:10.560 --> 0:04:14.440 Number one, what's going to happen? Nobody knows. His appointments 0:04:14.480 --> 0:04:17.240 are not firmed. They have yet to be confirmed. His 0:04:17.360 --> 0:04:19.800 policies are not known. What is he going to do? 0:04:19.960 --> 0:04:23.520 Nobody really knows what he's going to do? Number two? 0:04:23.720 --> 0:04:25.520 What else will be going on in the world. He's 0:04:25.560 --> 0:04:28.880 not the only show. It's complicated. Number three? 0:04:28.920 --> 0:04:31.120 How will the market react to all these things? 0:04:32.120 --> 0:04:35.720 Number four? The president's influence on most things is usually 0:04:35.800 --> 0:04:36.480 quite limited. 0:04:36.920 --> 0:04:39.960 Well. Oak Tree Capital Management co founder Howard Marx says 0:04:40.080 --> 0:04:42.920 US stocks are on the high side relative to history. 0:04:43.000 --> 0:04:45.560 He wasn't overly bearish on US assets. 0:04:45.680 --> 0:04:48.880 And in another political development, Karen San Francisco mayor London 0:04:48.920 --> 0:04:52.280 Breed has lost her reelection race to Levi Strauss Air 0:04:52.400 --> 0:04:55.840 Daniel Lourie. The Associated Press called the race yesterday. Breed 0:04:55.960 --> 0:04:59.159 was elected in twenty eighteen as San Francisco's first black 0:04:59.279 --> 0:05:01.719 female mayor. And we should note that Michael Bloomberg, the 0:05:01.720 --> 0:05:04.800 founder and majority owner of Bloomberg Radio parent company Bloomberg LP, 0:05:05.080 --> 0:05:08.760 donated one four to five million dollars in support of 0:05:08.839 --> 0:05:10.640 London Breed's reelection campaign. 0:05:11.200 --> 0:05:15.520 Well, Nathan. Now let's turn to another historic moment for SpaceX. 0:05:22.400 --> 0:05:26.320 The company successfully conducted its six Starship test flight yesterday 0:05:26.320 --> 0:05:29.720 in South Texas, with the Starship successfully reigniting an engine 0:05:29.760 --> 0:05:32.599 in space for the very first time. SpaceX hopes the 0:05:32.680 --> 0:05:36.520 powerful rocket can eventually carry humans and cargo to Earth's orbit, 0:05:36.600 --> 0:05:39.400 the Moon, and even Mars. It did aboord the second 0:05:39.440 --> 0:05:44.320 test of its booster catch, However, citing safety concerns, we did. 0:05:44.160 --> 0:05:46.760 Not attempt a return to the launch site and catch 0:05:47.080 --> 0:05:50.760 attempt today when strict criteria were not met, and the 0:05:50.760 --> 0:05:55.040 super heavy booster executed a planned divert to a landing 0:05:55.080 --> 0:05:57.600 burn and soft splash down in the Gulf of Mexico. 0:05:57.920 --> 0:06:02.680 Standing alongside SpaceX founder Elon at the test launch in Brownsville, Texas, 0:06:02.720 --> 0:06:06.800 President elect Trump, and other Republican allies, including Texas Senator 0:06:06.839 --> 0:06:07.440 Ted Cruz. 0:06:07.720 --> 0:06:09.960 Let's turn back to markets now Karen for what may 0:06:09.960 --> 0:06:13.120 be the most highly anticipated earnings report of the year, 0:06:13.480 --> 0:06:16.440 and Vidia comes out with its latest results after today 0:06:16.520 --> 0:06:19.040 is closing. Bell and Bloomberg's Tom Busby has more. 0:06:18.880 --> 0:06:21.880 And want to expect and Vidia, the final member of 0:06:21.920 --> 0:06:24.920 the Magnificent seven Tech giants and the world's most valuable 0:06:24.920 --> 0:06:29.480 company pois to deliver another blowout earnings report on insatiable 0:06:29.560 --> 0:06:33.080 demand for its artificial intelligence chips. The question for investors 0:06:33.480 --> 0:06:36.279 ken in Vidia ramp up supplies of its latest GPUs, 0:06:36.360 --> 0:06:40.080 the Blackwell Line, after a series of manufacturing setbacks. Bloomberg 0:06:40.080 --> 0:06:43.039 consensus calls for revenue of thirty three point twenty five 0:06:43.080 --> 0:06:46.200 billion dollars, so justin earnings per share of seventy four cents. 0:06:46.520 --> 0:06:48.200 Tom buzzby Bloomberg Radio. 0:06:48.560 --> 0:06:51.680 All right, Tom, thank you. In Europe, UK inflation accelerated 0:06:51.680 --> 0:06:54.400 more than forecast in October to well above the Bank 0:06:54.480 --> 0:06:57.880 of England's two percent target. Consumer price inflation rose to 0:06:57.880 --> 0:07:00.840 two point three percent from one point seven percent in September. 0:07:01.000 --> 0:07:03.320 The figures are likely to lead to a conscious approach 0:07:03.320 --> 0:07:05.760 from the Bank of England, reducing the prospect of further 0:07:05.839 --> 0:07:11.760 interest rate cuts in the coming months. Time now for 0:07:11.800 --> 0:07:13.400 a look at some of the other stories making news 0:07:13.400 --> 0:07:14.920 in New York and around the world, and for that 0:07:14.960 --> 0:07:18.040 we're joined by Bloomberg's John Tucker. John, Good morning, Good morning. 0:07:18.080 --> 0:07:21.760 Karen House panel meets today to consider releasing results of 0:07:21.800 --> 0:07:25.280 an investigation of the former Congressom Matt Gates, president like 0:07:25.360 --> 0:07:28.800 Donald Trump's pick for attorney general. The beating comes after 0:07:28.840 --> 0:07:32.000 a woman reportedly told the Ethics Committee she had sexual 0:07:32.000 --> 0:07:35.320 relations with Gates when she was seventeen years old. New 0:07:35.440 --> 0:07:38.560 York's first and the nation congestion pricing for people driving 0:07:38.600 --> 0:07:42.400 on Manhattan's traffic clock streets faces a legal threat that 0:07:42.520 --> 0:07:45.480 could now kill it. More from Bloomberg's Genae Cervetti. 0:07:45.880 --> 0:07:49.040 Under the plan to ease congestion and pollution, starting on 0:07:49.160 --> 0:07:52.560 January fifth, most drivers will pay nine dollars to enter 0:07:52.600 --> 0:07:55.320 the tolling zone. But if a judge agrees with New 0:07:55.400 --> 0:07:58.720 Jersey Governor Phil Murphy that the plan must undergo additional 0:07:58.760 --> 0:08:02.560 federal environmental roofs, that would almost certainly push the start 0:08:02.640 --> 0:08:06.120 date into the administration of President elect Donald Trump, who 0:08:06.120 --> 0:08:09.880 opposes congestion pricing. Trump, who is to be inaugurated on 0:08:10.000 --> 0:08:13.840 January twentieth, could simply direct the Federal Highway Administration not 0:08:14.000 --> 0:08:18.480 to sign off on the revised program. Genus Cervetti Bloomberg Radio. 0:08:18.600 --> 0:08:22.160 Firefighters extinguish a fast growing brush fire in Upper Manhattan 0:08:22.160 --> 0:08:25.640 that briefly blocked traffic as a deepening drought feeds hundreds 0:08:25.640 --> 0:08:29.200 of blazes across the region. The blaze broke out of 0:08:29.200 --> 0:08:32.440 the Washington Heights neighborhood. Nobody was hurt. The fire came 0:08:32.679 --> 0:08:36.040 one day after New York officials instituted a drought warning, 0:08:36.520 --> 0:08:38.880 and the FDA says an inspection of a TOMS of 0:08:38.960 --> 0:08:43.320 Main facility in Sanford, Maine turned up several violations, including 0:08:43.400 --> 0:08:46.319 bacterian wine are used to make toothpaste and a black 0:08:46.440 --> 0:08:51.240 moldlike substance near manufacturing equipment. Global News twenty four hours 0:08:51.240 --> 0:08:53.520 a day, and whatever you wanted with Bloomberg News. Now, 0:08:53.679 --> 0:08:56.480 I'm John Tucker. This is Bloomberg Nathan Karen. 0:08:56.840 --> 0:09:03.680 All right, John, thank you time now for the Bloomberg 0:09:03.760 --> 0:09:06.800 Sports Update, brought to you by Try State Outye. Here's 0:09:06.880 --> 0:09:08.920 John Stanshawer, John, good morning. 0:09:08.640 --> 0:09:09.319 Good morning Cara. 0:09:09.400 --> 0:09:12.559 We'll see after the season if the Giants shake things up, 0:09:12.559 --> 0:09:15.400 but we now know there will be new faces coaching 0:09:15.440 --> 0:09:18.240 and running the Jets. Six weeks after the firing of 0:09:18.320 --> 0:09:21.720 coach Rob Salad, General manager Joe Douglas shown the door. 0:09:22.160 --> 0:09:24.880 Phil Savage, the former Cleveland gm who've been working as 0:09:24.880 --> 0:09:27.600 the Jets advisor it takes over on an interim basis. 0:09:27.840 --> 0:09:30.000 Douglas was in his sixth season on the job, and 0:09:30.040 --> 0:09:33.480 the Jets record during his time thirty and sixty four 0:09:33.559 --> 0:09:36.520 brought in some good players. His biggest blunder was drafting 0:09:36.600 --> 0:09:40.000 quarterback Zach Wilson's second overall back. In twenty twenty one 0:09:40.360 --> 0:09:43.280 Ranger road trip so far, two games, two wins in Vancouver, 0:09:43.440 --> 0:09:45.959 Chris Kreider's goal midway through the third period gave the 0:09:46.000 --> 0:09:48.400 Blue Shirt to four to three victory Islanders. Also in 0:09:48.480 --> 0:09:51.720 Western Canada, they lost to one in the shootout in Calgary. 0:09:51.760 --> 0:09:54.480 The Nets after two weekend road losses to the Knicks 0:09:54.640 --> 0:09:57.720 back at Barkley's able to top Charlotte one sixteen one 0:09:57.840 --> 0:10:01.760 fifteen Cam Johnson thirty four points. Cleveland brought it's fifteen 0:10:01.760 --> 0:10:04.840 to zero record to Boston, trailed the defending NBA champs 0:10:04.840 --> 0:10:07.240 by twenty one, got the deficit to two in the 0:10:07.240 --> 0:10:11.079 fourth quarter before the Celtics hung on one twenty to one seventeen. 0:10:11.200 --> 0:10:15.160 Donovan Mitchell then reflected on the cavs shockingly strong start. 0:10:15.559 --> 0:10:19.120 It's fun, you know, when you're playing basketball, good basketball, 0:10:19.160 --> 0:10:21.640 and then obviously winning games. Whether it's plowouts, close games, 0:10:21.640 --> 0:10:24.600 come from behind wins. You know, you enjoy these moments 0:10:24.640 --> 0:10:26.439 and for us, you know, it's great to be a 0:10:26.440 --> 0:10:28.320 part of history. I wish would have kept it going, 0:10:28.400 --> 0:10:31.160 but like I said, there's no championships in November. This 0:10:31.240 --> 0:10:32.520 is a great part of the season. Now we just 0:10:32.559 --> 0:10:34.559 continue to not We're not losing to a row. Let's 0:10:34.600 --> 0:10:35.000 go Bicks. 0:10:35.000 --> 0:10:37.880 Start a five game road tip tonight in Phoenix. Managers 0:10:37.920 --> 0:10:39.640 of the Year both winners in their first year on 0:10:39.679 --> 0:10:43.320 the job, Cleveland Steven Vote, Milwaukee's Pat Murphy. The Mets 0:10:43.360 --> 0:10:45.240 Carlos mendoz To finished third. The Mets have bad had 0:10:45.320 --> 0:10:48.400 an outfielder acquiring in a trade with Tampa Bay. Jose 0:10:48.640 --> 0:10:50.880 sirie Hit only won eighty seven last season, be he's 0:10:50.920 --> 0:10:53.960 very good defensively. In Spain, an emotional final match of 0:10:53.960 --> 0:10:56.120 thirty eight year old rap Field of dwa's career. Twenty 0:10:56.160 --> 0:10:58.560 two time Grand Slam winner lost in straight sets in 0:10:58.600 --> 0:11:01.960 Spain's Davis Cup match with the Netherlands. John Stanshdan We're 0:11:02.000 --> 0:11:03.719 Bloomberg Sports Karen Nathan. 0:11:05.640 --> 0:11:09.760 Coast to Coast on Bloomberg Radio nationwide on Sirius XM, 0:11:09.840 --> 0:11:12.760 and around the world on Bloomberg dot Com and the 0:11:12.800 --> 0:11:16.199 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:16.720 --> 0:11:19.880 The main story this morning is on developments in the 0:11:19.960 --> 0:11:23.439 Russia Ukraine war. Reuters is reporting that Russia is willing 0:11:23.480 --> 0:11:26.520 to talk with President elect Donald Trump about a ceasefire 0:11:26.559 --> 0:11:29.839 deal with Ukraine. That's after President Biden authorized KIV to 0:11:29.920 --> 0:11:33.679 use long range missiles to strike deeper inside Russia. Ukraine's 0:11:33.679 --> 0:11:38.000 ambassador to the European Union, sevilod Chensov, says, that is 0:11:38.040 --> 0:11:39.640 what's bringing Putin to the table. 0:11:40.200 --> 0:11:43.600 It shows that it works. So if you talk to 0:11:43.679 --> 0:11:48.000 him with a position from strands, so they they're more 0:11:48.000 --> 0:11:48.960 ready for a conversation. 0:11:49.360 --> 0:11:53.760 Ukrainian EU Ambassador sevialod Chensov spoke with Bloomberg this morning, 0:11:54.280 --> 0:11:58.439 and we are joined now by Bloomberg's Kevin Whitelaw. And Kevin, 0:11:58.480 --> 0:12:01.520 we've heard the Kremlin respond to this writer's report saying 0:12:01.559 --> 0:12:05.320 that Russia's always been willing to talk with Ukraine, but 0:12:05.720 --> 0:12:09.959 a freeze wouldn't serve Russia's interests. What to make of 0:12:10.120 --> 0:12:13.880 this latest report that Putin is willing to talk at 0:12:13.960 --> 0:12:15.520 least with President elect Trump. 0:12:16.240 --> 0:12:17.680 Yeah, I think we need to take this with a 0:12:17.679 --> 0:12:20.640 whole bunch of caveats obviously, you know, I think Putin 0:12:20.720 --> 0:12:22.840 is at this point pretty happy to have anyone in 0:12:22.880 --> 0:12:26.360 the West engage with him, but it's not clear that 0:12:26.400 --> 0:12:28.920 he's going to actually give them anything, or at a 0:12:28.960 --> 0:12:31.679 situation where, if you look at this what's been happening 0:12:31.679 --> 0:12:34.880 on the ground, Ukraine has sort of been very very 0:12:35.040 --> 0:12:38.920 very slowly losing in Russia is very very very slowly gaining, 0:12:38.920 --> 0:12:42.120 and so it's in a place where it's not clear 0:12:42.160 --> 0:12:47.199 that Putin has the interest or the imperative to really negotiate, 0:12:48.160 --> 0:12:50.760 and Ukraine would like to get to a position where 0:12:50.760 --> 0:12:55.000 it can, as the ambassador was saying, negotiate from a 0:12:55.000 --> 0:12:58.400 position of strength. So to the degree that Donald Trump 0:12:58.440 --> 0:13:01.480 is going to come in and potentially prompt or start 0:13:01.559 --> 0:13:05.439 or force some kind of a ceasefire conversation right now, 0:13:05.440 --> 0:13:07.319 I think Russia probably feels it as a little bit 0:13:07.320 --> 0:13:09.280 of an upper hand in Ukraine is trying to figure 0:13:09.280 --> 0:13:12.400 out how it can regain that one of the ready 0:13:12.440 --> 0:13:15.199 reasons it was so interested in being able to carry 0:13:15.200 --> 0:13:18.679 out strikes into Russia using these US long range missiles. 0:13:19.240 --> 0:13:22.440 We've also seen not just the long range missile strike 0:13:22.520 --> 0:13:25.640 for the first time, but reports now that President Biden 0:13:25.720 --> 0:13:30.680 is authorizing Ukraine to use short term land mines as well. 0:13:30.720 --> 0:13:34.160 What could that mean for a potential negotiation once President 0:13:34.200 --> 0:13:35.320 Biden is off the scene. 0:13:35.640 --> 0:13:37.640 Yeah, I mean, at this point, you know, Biden is 0:13:37.679 --> 0:13:40.080 trying to pull out just the remaining little stops to 0:13:40.160 --> 0:13:43.160 try to put Ukraine in as strong a position as 0:13:43.240 --> 0:13:46.480 possible for when it you know, for when Trump takes office, 0:13:46.920 --> 0:13:49.920 mean sort of running out of things to do. The missiles, 0:13:50.040 --> 0:13:52.600 long range missiles was probably the most important as far 0:13:52.600 --> 0:13:55.200 as Ukraine was concerned, but you know, the rules are 0:13:55.200 --> 0:13:59.120 coming with some limitations that are are you know, restricting 0:13:59.160 --> 0:14:02.240 some of what Ukraine hoping to use them for. So 0:14:02.320 --> 0:14:04.960 obviously Russia has been able to strike into Ukraine with 0:14:05.000 --> 0:14:08.400 a decent amount of success, particularly when it comes to 0:14:08.400 --> 0:14:11.640 targeting the electrical grid. Ukraine really wants to find ways 0:14:11.640 --> 0:14:14.240 it can try to make it, you know, sort of 0:14:14.320 --> 0:14:17.000 damage the ammunition stocks and some of these you know, 0:14:17.559 --> 0:14:20.040 operating bases that that Russia has been using to stage 0:14:20.080 --> 0:14:23.000 these things. So unclear whether they're going to be able 0:14:23.040 --> 0:14:28.560 to really change the dynamic on the ground. And you know, 0:14:28.600 --> 0:14:31.120 I think if if Russia feels it is very, very 0:14:31.240 --> 0:14:34.880 very slowly winning. It's been able to bring in reinforcement 0:14:35.240 --> 0:14:38.400 troops from North Korea, it's getting weapons from other countries. 0:14:38.720 --> 0:14:40.960 It might feel that it doesn't have quite as much 0:14:41.000 --> 0:14:45.280 of an incentive to to to you know, give Ukraine 0:14:45.320 --> 0:14:49.080 a whole lot in a negotiation, which is why everyone's 0:14:49.120 --> 0:14:52.280 going to be focused on just you know, what Donald 0:14:52.280 --> 0:14:54.920 Trump is going to bring to the table and whether 0:14:55.000 --> 0:14:58.800 he's going to try to force Ukraine to accept the 0:14:59.760 --> 0:15:02.080 you know, kind of deal that it just up to 0:15:02.160 --> 0:15:04.200 now has just been simply unwilling to consider. 0:15:04.360 --> 0:15:06.360 And all this is coming, Kevin, in the backdrop of 0:15:06.400 --> 0:15:08.600 a g twenty summit that saw a lot of disagreement 0:15:08.600 --> 0:15:11.480 over even how to characterize the war in Ukraine in 0:15:11.520 --> 0:15:16.000 our last minute, Where could things go as we continue 0:15:16.000 --> 0:15:17.280 to work through this transition. 0:15:17.680 --> 0:15:19.760 Yeah, well it is a transition. It's a transition in 0:15:19.800 --> 0:15:23.440 several different countries. You've got, you know, in Germany effectively 0:15:23.480 --> 0:15:27.280 a lame duck chancellor with snap elections coming in February. 0:15:28.040 --> 0:15:32.680 You've got the French president Manuel Microme distracted by some 0:15:32.760 --> 0:15:35.160 of his own issues. So you definitely have a Europe 0:15:35.200 --> 0:15:38.680 that has to see if at a time where some 0:15:38.760 --> 0:15:41.480 of its normal leadership voices or maybe not as fully 0:15:41.520 --> 0:15:44.480 engaged on this issue. Can they really find some way 0:15:44.720 --> 0:15:47.200 to step up if the US walks away. 0:15:47.560 --> 0:15:51.000 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:51.080 --> 0:15:54.120 making news from Wall Street to Washington and beyond. 0:15:54.360 --> 0:15:56.760 Look for us on your podcast feed by six am 0:15:56.800 --> 0:15:59.680 Eastern each morning, on Apple, Spotify, or anywhere else. 0:15:59.680 --> 0:16:03.240 You can also listen live each morning starting at five 0:16:03.280 --> 0:16:06.000 am Wall Street Time on Bloomberg eleven three to zero 0:16:06.000 --> 0:16:08.920 in New York, Bloomberg in ninety nine to one in Washington, 0:16:08.960 --> 0:16:12.920 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:13.120 --> 0:16:14.680 XM Channel one twenty one. 0:16:15.080 --> 0:16:17.800 Plus listen coast to coast on the Bloomberg Business app 0:16:17.840 --> 0:16:20.640 now with Apple CarPlay and Android Atto interfaces. 0:16:20.880 --> 0:16:23.920 And don't forget to subscribe to Bloomberg News Now. It's 0:16:23.920 --> 0:16:26.640 the latest news whenever you want it in five minutes 0:16:26.760 --> 0:16:29.880 or less. Search Bloomberg News Now on your favorite podcast 0:16:29.920 --> 0:16:34.080 platform to stay informed all day long. I'm Karen Moscow. 0:16:33.840 --> 0:16:34.840 And I'm Nathan Hager. 0:16:35.000 --> 0:16:37.040 Join us again tomorrow morning for all the news you 0:16:37.080 --> 0:16:39.640 need to start your day right here on Bloomberg Day 0:16:39.680 --> 0:16:39.840 Ray