Zelenskiy and Allies Brace for Trump’s Terms; Jackson Hole Preview

Bloomberg Audio Studios, Podcasts, radio News.
Good morning, I'm Lisa Matteo and I'm Karen Moscow. Here
are the stories we're following today.
Karen, we begin with a high stakes meeting at the
White House later today, European and NATO leaders will join
President Vladimir Zelensky in Washington for talks with President Trump
on ending Russia's warn Ukraine. President Trump is expected to
outline terms for a potential peace deal discussed with Vladimir
Putin with Washington likely to focus on territorial concessions demanded
by Russia. Here's what Vladimir Zelenski said ahead of today's meeting.
It's important that America agrees to work with Europe to
provide security guarantees for Ukraine. And we are very thankful
to the United States er the President for such signal
and therefore for everyone in Europe, this is a significant change.
Bah there are no details how it will work.
Ukraine's President Zolenzk game now. The meeting follows a weekend
call among allies, during which President Trump is said to
have told European leaders he's open to US involvement in
providing security guarantees for Ukraine.
Meanwhile, Lisa, Secretary of Stayed Marco Rubio, said the US
is holding out hope for a ceasefire in Ukraine, and
he spoke on NBC's Meet the Press.
It was agreed to by all that the best way
to end this conflict is through a full peace deal.
There's no doubt about that. I mean, who would be
against the fact if tomorrow we came to you and
said we have a full peace deal and it's done.
I think that's the best way to end the war.
Now.
Whether there needs to be a ceasefire on the way there,
well we've advocated for that. Unfortunately the Russians as of
now have not agreed to that.
Secretary of State Marco Rubio made the comments on NBC's
Meet the Press, Catch the program Sunday afternoons on Bloomberg Radio.
Well.
Unlike Zelenski's last meeting at the White House Caeren, the
Ukrainian leader will be accompanied by European leaders, including French
President Emmanuel Macron, UK's Keir Starmer and Germany's Friedrich Meertz.
We get more in the meeting from Bloomberg News senior
writer Stephanie Baker.
I've noticed that Trump seems to echo the position of
the last person he's spoken to, which is why he
was talking tough. Having spoken to European leaders going into
the summit with Putin, I think that the European leaders
will want to get that back on track. It is
a high powered delegation. I think they want to make
sure that there's no repeat of those zlens Key disastrous
February meeting in the Oval Office, and I think they
will be stressing that there can be no landswaps, no
concessions on handing over Ukrainian territory to Russia for no concessions,
and that they want to clarify the details of whatever
these US security guarantees might be, because it's all quite
vague at this point.
Bloomberg News senior writer Stephanie Baker says President Trump also
told allies he wanted to reach a deal quickly and
would urge Ukraine to come to one, with a goal
of holding up Putin' Zelensky meeting within a week.
President Trump's trade advisor Peter Navarro is slamming India for
buying Russian oil. In the Financial Times, Navara wrote that
India's purchases of Russian oil are quote opportunistic and deeply
corrosive of a global effort to isolate the Kremlin. He added,
American consumers buy Indian goods, and he said India uses
those dollars to buy discounted Russian crude.
Well more than three months after the US and UK
agreed the first meeting of a string of deals to
reduce towers, many trading partners are still waiting for the
rhetoric to become reality. Britain, Japan, South Korea and the
EU all say the White House promised them exemptions and
trade talks but hasn't signed them into law. Bloombergs James
Wilcock has more from London.
For the Brits. It's still take a listen to Prime
Minister kissed Arma three months ago.
Just a few moments ago, I spoke to President Trump,
the President of the United States, and I'm really pleased
to announce that we've agreed the basis of a historic
economic prosperity deal. It will remove tariffs of British steel
and aluminium, reducing them to zero.
The UK Prime Minister was very clear and no one
in the US corrected him, but the steel exemption has
never been finalized.
So the current.
Tariff on UK steel exported to America is twenty five percent.
For Japan, South Korea and the European Union, it's the
exact same problem, but with cars. Fears are growing. The
scale of the US's global trade talks are making delays
inevitable and likely causing more economic damage. In London, James
Wilcock Bloomberg Radio, all.
Right, James, thank you well. We turned to the Middle
East now, and hundreds of thousands of Israelis took to
the streets to protest Prime Minister Benjamin Netanyahu's plan to
expand operations in the Gaza Strip. Organizers said as many
as half a million people attended the main rally in
Tel Aviv. Net Yahoo, however, insists their calls to end
the car flight will only embolden Hamas the Sumer.
We come up.
Those who are calling for an end to the war
today without defeating Hamas are not only hardening Hamas's stance
and delaying the release of our hostages, they are also
ensuring that the horrors of October the seventh will recur
again and again.
Israeli Prime Minister Benjamin ette Yahoo's speaking through an interpreter
and at Yahoo's government this month gave the army the
green light to take control of the de facto capital,
Gaja City and crush hamas holdouts.
We'll turn into the market's futures right now, Well, little change.
This is ahead of those talks in Washington. Another possible
market moving event comes on Thursday, and that's when the
Kansas City Fed's Annual Economic Policy Symposium kicks off in Jackson,
hol Wyoming, And as Bloomberg's Denise Pelagreeni reports, we could
see even more news em and eight from this year's
gathering than usual.
Watch for headlines when FED Chair J Powell addresses the
gathering Friday morning at ten am Eastern, he could give
a hint on how likely the Fed is or isn't
two cut interest rates at its September meeting, and also
by how much. The theme for this year's gathering is labor,
markets in transition, demographics, productivity, and macroeconomic policy. Also, Powell
is expected to unveil the Fed's new policy framework, the
strategy it will use to achieve its inflation and employment goals.
And then, of course, we could also get headlines from
President Trump about his choice to replace Powell, whose term
as chair officially ends next May. Denise Pellegriny, Bloomberg Radio.
Denise, thank you, and a programming note. We will have
live coverage from Jackson Hole this week. It all starts
on Wednesday and finishes up with a special edition of
Bloomberg Survey Lunch. Tom Kean, Lisa Abramowitz, and Michael McKee
will all be part of that special starting at nine
am Eastern on Friday, plus Latch for special episodes of
the Odd Lots podcast. Joe Wisenthal and Tracy Alloway will
be taping several conversations from the event as.
Well, and another name is Karen. Air Canada has suspended
plans to restart operations after the union representing ten thousand
and flight attendants decided to defy a return to work order.
The Canada Industrial Relations Board offered staff back by Sunday afternoon,
but the union refused, calling the order unconstitutional. Air Canada
now plans to resume flights Monday evening. The shutdown, which
began early Saturday, effects about one hundred and thirty thousand
people daily.
As Time Now for a look at some of the
other stories making news in New York and around the world,
and for that. We're joined by Bloomberg's Michael Barr Michael,
good morning.
Good morning, Karen. Hurricane Aaron has reintensified after moving past
Puerto Rico, with the storm expected to increase in size
and remain over the Atlantic as it turns off the
US East coast later this week. Bloomberg Media religius Craig
Allen has more.
The larger size means a larger windfield and thus a
larger ocean effect, So even though the center will be
several hundred miles off the midlining coastline, the North Carolina
outer banks may take a severe beating before the turn
from the storm, and the swells could reach thirty to
fifty feet just offshore of the outer banks. In fact,
Erin will produce life threatening surf and rip currents all
along the beachfront from Florida clear on.
Up to Maine. Bloomberg meteorologist Craig Allen. Erin is expected
to remain a hurricane through at least Wednesday. The NYPD
continues to search for multiple shooters after at least three
people were killed and at least ten wounded inside a
nightclub then Brooklyn early Sunday, New York Mayor Eric Adams
condemned the violence.
The gun violence of this magnitude.
It really scars a community in a city.
The mass shooting happened at the Taste of the City
lounge in Crown Heights, Brooklyn, following a dispute that appears
to be gang related. Police Commissioner Jessica Tish called it
a terrible shooting that comes in a year of otherwise
record low gun violence. The House Oversight and Government Reform Committee,
currently in instigating the death of Jeffrey Epstein, will today
here closed door testimony from former Attorney General William Barr.
The House Oversight Committee is seeking records related to Epstein's
ex associate, Gallaine Maxwell. Epstein dined in twenty nineteen in
federal detention after being charged with sex trafficking. Barr conducted
a personal interview of the incident and confirmed his death
was a suicide. Global News twenty four hours a day
and whenever you want it with Bloomberg News Now Michael Barr,
and this is Bloomberg Karen.
All right, Michael Barr, thank you time now for the
Bloomberg Sports update. Here's John Stashauer a junkive Morning morning.
Karen Mets and Mariners split two games at Cityfield. Finished
the series in Williams Sport, Pennsylvania, side of the Little
League World Series. The Mets scored three runs in the
second he got four more in the fifth with Mark
Fiento's blast and a three run homer. They beat Seattle
seven to three, so back to back wins since losing
fourteen sixteen, they stay ahead of Cincinnati for the last
wild card. The Reds won three to two in ten innings.
They ended Milwaukee's fourteen game winning straight. The Yankees in
Saint Louis tied four to four. In the ninth inning.
Faces are loaded for Cody Bellinger.
It's that hard on the right side and it skips
pass to Jay z Hate the right field. Two runs
are going to score, judging to third. The Yankees leading
God's six to four.
Of the night on the S Network, Aanks added two more.
They won eight to four for their first series sweep
since early July. Red Sox lost to Miami five to three.
Nationals loss of the Phillies eleven to nine. The Giants'
top receiver, Milink Neighbors, has not practiced in two weeks,
yet to play in the preseason It was believed to
be due to a tow injury suffered last spring. Now
it's been learned to its back tightness. The Giants do
expect neighbors to play the season opener BMW Golf outside
of Baltimore, where Robert McIntyre had that brilliant opening round
kept the lead until three days after his sixty two two.
He shot seventy three playing with Scottie Scheffler, who caught McIntyre,
then passed him, and then Scheffler clinched the tournament on
the seventeenth hole.
Lifts this out of the rough out of the putting surface,
now bringing it down the slope towards the hole, slowly.
Moving, now picking up speed.
That's getting close to the hole. Now picking up speed,
getting close.
Scottie Scheffler devis right.
Tifferent Bury over goodness, do.
You believe it?
PGA Tour Radio their greatest golfer in the world with
one of his greatest shots, shipping in from eighty one feet.
Tennis and Cincinnati, the men's and women's finals are tonight.
The men have Yanick Sinner against Carlos Elkoraz, John Stanshwar
Bloomberg Sports Karen Lison John.
Thank you.
Stay with us.
More from Bloomberg day Break coming up after this.
Coast to coast on Bloomberg Radio nationwide on Serious Exam
and around the world on Bloomberg dot Com and the
Bloomberg Business Out. This is Bloomberg Daybreak.
Well, today you're Currenty and President Blodemeir's the lindskin is
European allies. They arrive in Washington to begin talks with
President Donald Trump. And this is after the US Russia
summon on the Ukraine War ended without a cease fire.
So what can we expect today? Well, let's turn to
someone who knows. That's Bloomberg Senior editor Bill Ferries. Bill,
thanks for joining us this morning. Can you break down
first of all, who's expected to attend the talks and
what should be discussed or what will be discussed.
Well, it's a huge cross section of the European leadership
that has been most closely aligned with the fight in
Ukraine and with President Zelenski. So you've got German Chancellor
Frederick Mhr's, French President Manuel Macrone, the British Prime Minister
Cure Starmer, Italy's Prime minister, the Finnish president and of
course the EU president Ursula Vanderlion, and then the head
of NATO is also expected. It's going to be a
big turnout. They want to quickly follow up on the
discs Russians that took place in Alaska last week. It's
very rare to get all these leaders just to suddenly
adjust their schedules and fly in. But I think there
is this realization that this could be a really important
moment in what happens going forward with Ukraine, Russia, and
the United States.
Now do we know any details about what was discussed
at Friday's US Russia summit.
We don't have a lot of information, particularly given how
much time Donald Trump and Vladimir Putin spent together, including
that time in the limousine, but you know, the almost
maybe three hours or so they spent together. The one
thing that has come out consistently is that the US
officials have said there were discussions about Washington joining Pan
nations and providing some kind of security guarantees for Ukraine
if there's a peace deal. So Ukraine wouldn't necessarily be
getting that kind of Article five treatment that full NATO
members get, but a group of countries operating outside of
NATO would kind of guarantee Ukrainian security going forward if
there's a deal. That still leads a lot of details,
but it isn't a big deal as seen as a
big deal that the US would be agreeing to that
so far.
Now, one of the big sticking points bill is over
a peace deal is territorial issue. So after this past Friday,
does it look like Ukraine may have to give up
some large areas of land or do we know any
details about anything else that was set as far as
territorial issues.
Well, the US talk has been that there'll be some
sort of land swapping, and they do say that the
Russians offered some concessions, but so far from Ukraine's point
of view, Russia's concessions are involve land that it has
taken from Ukraine. So of course there's Crimea that it
took in twenty fourteen. But Russia has demanded basically the
entirety of the Dnbas region, and that's a region that
it's Ukrainian territory, but that's a region Russia troops don't
even control the entirety of, so they are Moscow is
still appears to be demanding that they be able to
control a region that their troops have been fighting for
since twenty fourteen and haven't been able to take in battle.
So that's probably a non starter with Ukraine. But there
is you know, there is some talk about, you know,
whether Crimea would be part of that final deal. From
its point of view, Ukrainian officials don't see any land
surrendering any land at this point, and that's going to
be kind of at the heart of discussions going forward.
Yeah, most definitely. And I got to ask. The last
time President Trump meant with Zelinski, it didn't go so well.
It turned to like this shouting match. I mean, are
we expecting a little bit more of a civil meeting
this time around?
You know, anything could happen. It's interesting you have so
many European leaders coming in when you look at the
White House schedule, though they are not listed as being
in the Oval Office meeting between Trump and Zelensky, So
if they're there for backup or support, that's going to
have to come later. That meeting with Selenski and all
the EU leaders is scheduled for after the meeting with
Donald Trump in the Oval Office.
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
You can also listen live each morning starting at five
am Wall Street Time on Bloomberg eleven three to zero
in New York, Bloomberg in ninety nine to one in Washington,
Bloomberg ninety two to nine in Boston, and nationwide on
serious XM Channel one twenty one.
Plus listen coast to coast on the Bloomberg Business app
now with Applecarplay and Android auto interfaces.
And don't forget to subscribe to Bloomberg and News Now.
It's the latest news whenever you want it in five
minutes or less. Search Bloomberg News Now and your favorite
podcast platform to stay informed all day long. I'm Karen
Moscow and
I'm Lisa Matteoin us again tomorrow morning for all the
news you need to start your day right here on
Bloomberg Daybreak