Trump Auto Tariffs; Eric Adams Heads to Court

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:10.799 Good morning. 0:00:10.840 --> 0:00:13.680 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.720 --> 0:00:15.160 stories we're following today. 0:00:15.360 --> 0:00:18.599 Karen, we begin with Donald Trump's push for tariffs. The 0:00:18.640 --> 0:00:22.079 President says he will likely impose duties of around twenty 0:00:22.079 --> 0:00:26.639 five percent on imports of cars, semiconductors, and pharmaceuticals. He 0:00:26.680 --> 0:00:29.960 says he'll announce the new charges in April. As heard 0:00:29.960 --> 0:00:33.280 here on Bloomberg Radio, Trump spoke to reporters at his 0:00:33.440 --> 0:00:34.920 mar Al Lago club in Florida. 0:00:35.520 --> 0:00:38.000 It'll be twenty five percent and higher, and it'll go 0:00:38.159 --> 0:00:41.199 very substantially higher over a course of a year. But 0:00:41.280 --> 0:00:43.400 we want to give them time to come in because, 0:00:43.400 --> 0:00:45.400 as you know, when they come into the United States 0:00:45.440 --> 0:00:48.080 and they have their plant or factory here, there. 0:00:48.000 --> 0:00:50.240 Is no tariff. So we want to give them a 0:00:50.280 --> 0:00:51.080 little bit of a chance. 0:00:51.159 --> 0:00:53.479 Again, that was President Trump at mar A Lago. Now, 0:00:53.600 --> 0:00:56.960 new tariffs on cars would have sweeping effects on the industry. 0:00:57.000 --> 0:01:00.360 The roughly eight million passenger cars and light trucks into 0:01:00.400 --> 0:01:03.680 the US last year accounted for about half of US 0:01:03.800 --> 0:01:04.600 vehicle sales. 0:01:05.280 --> 0:01:08.000 Well, Nathan, President Trump is promising to cut hundreds of 0:01:08.040 --> 0:01:10.640 billions of dollars in waste out of the federal budget. 0:01:10.720 --> 0:01:13.840 The President defended the doge effort in an interview on 0:01:14.000 --> 0:01:18.440 Fox News Channel's Hannity program, alongside the man who's spearheading 0:01:18.440 --> 0:01:21.800 the cost cutting drive, Elon Musk. The overall goal is 0:01:21.880 --> 0:01:24.800 to try to get trillion dollars out of the deficit, 0:01:24.840 --> 0:01:28.000 and if the deficit is not quote under control, America 0:01:28.000 --> 0:01:28.759 will go bankrupt. 0:01:28.760 --> 0:01:30.720 This is a very important thing for PreO Will to understand. 0:01:31.000 --> 0:01:34.479 Elon Musk had talked about cutting two trillion dollars during 0:01:34.480 --> 0:01:37.880 the campaign. President Trump heaped praise on the world's richest 0:01:37.920 --> 0:01:39.000 man during the interview. 0:01:39.280 --> 0:01:41.560 He's a leader. Yeah, he gets it there. You get 0:01:41.560 --> 0:01:43.399 a lot of tech people, and you have people that go. 0:01:43.440 --> 0:01:45.480 To a tech but he gets it done. 0:01:45.959 --> 0:01:48.880 And the President tells Foxes Sean Hannity, if Musk has 0:01:48.920 --> 0:01:52.080 any business conflicts with his work on spending cuts, he 0:01:52.160 --> 0:01:53.080 won't be involved. 0:01:53.160 --> 0:01:53.559 Well, Karen. 0:01:53.600 --> 0:01:57.279 Treasury Secretary Scott Besson says Elon Musk's Department of Government 0:01:57.280 --> 0:02:00.200 Efficiency is saving the country tens of billions of dollars 0:02:00.200 --> 0:02:02.160 and also spoke on Fox News. 0:02:02.840 --> 0:02:06.280 I think I saw an estimate today of about fifty billion. 0:02:07.120 --> 0:02:11.079 So that's a very good start, and I don't think 0:02:11.080 --> 0:02:15.080 it's unreasonable to think that we could have several percent 0:02:15.200 --> 0:02:18.240 of GDP that we are saving. 0:02:18.840 --> 0:02:22.160 Treasury Secretary Scott Besson also says taxpayers don't need to 0:02:22.200 --> 0:02:25.000 worry about the security of their private data, while Elon 0:02:25.080 --> 0:02:28.200 Musk's team seeks to make the federal government more efficient. 0:02:28.280 --> 0:02:31.640 Well to foreign Policy Nathan, Secretary of State Marco Rubio 0:02:31.800 --> 0:02:34.760 said the US will keep sanctions on Russia at least 0:02:34.840 --> 0:02:37.400 until a deal is reached in the conflict in Ukraine. 0:02:37.600 --> 0:02:41.080 Rubio spoke to European allies after joining other US officials 0:02:41.160 --> 0:02:43.840 in Saudi Arabia for the highest level face to face 0:02:43.919 --> 0:02:48.440 meeting with Russian counterparts since Moscow's invasion in twenty twenty two. 0:02:48.960 --> 0:02:51.720 I came away today convinced that they are willing to 0:02:51.760 --> 0:02:55.280 begin to engage in a serious process to determine and 0:02:55.320 --> 0:02:58.959 how quickly and through what mechanism can and be brought 0:02:59.000 --> 0:03:02.200 to this war. Whether we can ultimately reach that outcome 0:03:02.639 --> 0:03:05.720 will obviously depend on every side in this conflict's willingness 0:03:05.919 --> 0:03:07.040 to agree to certain things. 0:03:07.639 --> 0:03:10.160 Secretary of said Rubio says an end of the war 0:03:10.240 --> 0:03:14.080 would open quote incredible opportunities to partner with the Russians. 0:03:14.360 --> 0:03:18.320 President Trump's Special Ukraine Envoy, Keith Kellogg, is now arrived 0:03:18.320 --> 0:03:20.519 in Kiev, a day after the Russia talks. 0:03:20.680 --> 0:03:23.920 Back in Washington, Karen Howard Ludnik has been confirmed and 0:03:24.040 --> 0:03:27.400 sworn in as Commerce Secretary. As a result, he's named 0:03:27.400 --> 0:03:30.400 his two eldest sons and three company deputies to run 0:03:30.440 --> 0:03:33.200 the core of his business group following his resignation from 0:03:33.320 --> 0:03:37.160 Canterer Fitzgerald. Lutnick also says he will divest his business 0:03:37.160 --> 0:03:39.400 interests within a few months of his appointment. 0:03:40.000 --> 0:03:40.160 Well. 0:03:40.200 --> 0:03:42.920 Back in New York, Nathan Mayor Eric Adams will face 0:03:42.960 --> 0:03:45.800 a federal judge in Manhattan later today. You will decide 0:03:45.800 --> 0:03:49.480 whether to grant the Justice Department's request to dismiss corruption charges. 0:03:49.520 --> 0:03:53.160 Just weeks before in April, trial begin more with Bloomberg's 0:03:53.160 --> 0:03:54.400 and Keleggi in New York. 0:03:54.960 --> 0:03:58.280 Judge Dale e Ho said the parties in the case 0:03:58.440 --> 0:04:01.240 must be prepared to address the reasons for the government's 0:04:01.240 --> 0:04:05.320 dismissal request. On Sunday, Adams told reporters his ability to 0:04:05.440 --> 0:04:07.280 lead through turmoil should be noted. 0:04:07.440 --> 0:04:10.000 Go back and doing analysis from the data I was 0:04:10.040 --> 0:04:12.320 invited to what we have accomplished. 0:04:12.400 --> 0:04:16.080 That is my ability to lead through turmoil, and I'm 0:04:16.120 --> 0:04:17.400 going to continue to do that. 0:04:17.480 --> 0:04:20.359 Adams has pleaded not guilty to charges that while in 0:04:20.400 --> 0:04:23.760 his prior role as Brooklyn Borough president, he accepted over 0:04:23.800 --> 0:04:27.800 one hundred thousand dollars in illegal campaign contributions and lavish 0:04:27.920 --> 0:04:31.159 travel perks from a Turkish official and business leader seeking 0:04:31.200 --> 0:04:32.560 to buy his influence. 0:04:32.800 --> 0:04:35.479 Ed Kleggy Bloomberg Radio, all righted, thank you. 0:04:36.600 --> 0:04:39.360 X is marking the spot for Elon Musk Lately, Bloomberg 0:04:39.440 --> 0:04:41.920 News has learned Musk's social media company X is in 0:04:42.000 --> 0:04:45.320 talks to raise money at a forty four billion dollar valuation. 0:04:45.600 --> 0:04:48.480 That's the same price the billionaire paid three years ago 0:04:48.839 --> 0:04:51.200 when the company was known as Twitter. The funding ground 0:04:51.200 --> 0:04:53.920 would be a remarkable turn of fortunes for X after 0:04:54.000 --> 0:04:58.120 Musk's takeover and overhaul caused many users and advertisers to 0:04:58.200 --> 0:04:59.120 flee well. 0:04:59.160 --> 0:05:02.000 Turning to the markets, now, Nathan stocks begin the trading 0:05:02.040 --> 0:05:05.479 session in record territory irrallyan chip makers drove the S 0:05:05.520 --> 0:05:08.200 and P five hundred to an all time high. Global 0:05:08.200 --> 0:05:11.280 stocks have become the most popular asset class with investors, 0:05:11.480 --> 0:05:14.160 according to a survey by Bank of America, investors are 0:05:14.200 --> 0:05:17.680 showing the biggest willingness to take risk in fifteen years. 0:05:18.040 --> 0:05:21.120 Fund managers cash levels fell to the lowest and twenty 0:05:21.200 --> 0:05:22.720 ten in that survey. 0:05:22.520 --> 0:05:25.040 And as stock Sorda records, Karen the CEO of one 0:05:25.080 --> 0:05:27.920 of Wall Street's biggest banks, is benefiting. City Group has 0:05:28.000 --> 0:05:31.360 lifted Jane Fraser's total compensation to thirty four and a 0:05:31.400 --> 0:05:34.280 half million dollars for twenty twenty four. That is a 0:05:34.360 --> 0:05:37.920 thirty three percent increase from the prior year. Jane Fraser's 0:05:37.960 --> 0:05:41.120 pay rise comes after City Group posted record revenue in 0:05:41.160 --> 0:05:42.560 three divisions and in. 0:05:42.520 --> 0:05:45.480 Europe, Nathan HSBC said it will incur one point eight 0:05:45.520 --> 0:05:47.960 billion dollars in charges over the next two years as 0:05:48.000 --> 0:05:51.920 it embarks on a global restructuring program. Europe's largest lender 0:05:51.960 --> 0:05:54.440 hopes the restructuring will allow it to whittle away three 0:05:54.480 --> 0:05:57.400 billion dollars in expenses in the coming years, with about 0:05:57.440 --> 0:06:01.160 half of that to be reinvested into priority grows both areas. 0:06:04.080 --> 0:06:05.400 And it's time now if we're looking at some of 0:06:05.400 --> 0:06:07.520 the other stories making news in New York and around 0:06:07.520 --> 0:06:09.680 the world, and for that we're joined by Bloomberg's John 0:06:09.720 --> 0:06:11.080 Tucker John, Good morning. 0:06:10.960 --> 0:06:14.279 And good morning, Karen. Investigators that were viewing monday's crash 0:06:14.320 --> 0:06:17.000 at that Delta Regional jet at Toronto appears in the 0:06:17.040 --> 0:06:20.920 International Airport. The plane's cockpit voice recorder and flight DITA 0:06:21.000 --> 0:06:24.320 recorder have now been recovered. They're also talking to passers 0:06:24.360 --> 0:06:26.960 and crew. John Nelson was among the passengers. 0:06:27.360 --> 0:06:30.240 We hit the runway extremely hard and we kind of 0:06:30.240 --> 0:06:33.040 popped up and felt like we were leaning to the left. 0:06:33.160 --> 0:06:35.720 There was a giant firewall down the side. I could 0:06:35.720 --> 0:06:39.400 actually feel the heat through the glass, and then we 0:06:39.440 --> 0:06:42.000 were going sideways. I'm not even sure how many times 0:06:42.120 --> 0:06:42.920 we like tumbled. 0:06:43.120 --> 0:06:46.040 The plane flipped over after landing. It's the fourth major 0:06:46.080 --> 0:06:49.679 aviation accident in North America in the past three weeks. 0:06:49.839 --> 0:06:52.599 There were nearly two dozen people injured, but all eighty 0:06:52.640 --> 0:06:56.240 on board escaped Flight forty eight nineteen with their lives. 0:06:56.880 --> 0:06:59.560 A blast of Arctic air has much of the nation 0:06:59.640 --> 0:07:02.599 continueing in that deep freeze. Let's get the update this 0:07:02.640 --> 0:07:06.119 morning from Bloomberg meteorroologist Rob Carolyn John. 0:07:06.160 --> 0:07:08.440 Bitter cold will continue to stretch from the coat Is 0:07:08.440 --> 0:07:10.800 into portions of Texas. It'll make its way into the 0:07:10.800 --> 0:07:14.000 Gulf coast and eventually portions of the southeast by tomorrow. 0:07:14.280 --> 0:07:17.360 We're looking at some spots watching their temperatures run fifty 0:07:17.400 --> 0:07:20.280 degrees below normal today. Now at ahead of the cold here, 0:07:20.360 --> 0:07:22.200 we've got a storm system that will bring snow to 0:07:22.200 --> 0:07:26.560 parts of Tennessee, Kentucky, Virginia, and North Carolina today. 0:07:26.760 --> 0:07:30.320 That's Bloomberg Meteorologist Rob Carolyn Hamas says it's ready to 0:07:30.400 --> 0:07:34.880 exchange its remaining Israeli hostages for Palestinian prisoners. It would 0:07:34.920 --> 0:07:37.520 come in the second phase of the Gaza Truce, leading 0:07:37.560 --> 0:07:40.640 to what they say would be a permanent ceasefire at 0:07:40.680 --> 0:07:45.400 Israel's full withdrawal from Gaza. Asap, Rocky dove into the 0:07:45.520 --> 0:07:47.920 arms of Rihanna as a court clerk read the not 0:07:48.000 --> 0:07:50.520 guilty verdict at his trial on two filain a counts 0:07:50.520 --> 0:07:54.080 of assault with a firearm. The Los Angeles courtroom, full 0:07:54.080 --> 0:07:56.600 of fans of the hip hop performer and is singing 0:07:56.680 --> 0:08:01.440 superstar partner, exploded into screaming glee. After a three week trial, 0:08:01.560 --> 0:08:04.360 the jury deliberated for just three hours to reach the 0:08:04.480 --> 0:08:08.760 verdict that spared Rocky prison sentence. The Vatican reported the 0:08:08.800 --> 0:08:12.200 diagnosis for the Ponta now more serious than originally thought. 0:08:12.600 --> 0:08:16.040 Both Francis is now fighting pneumonia. The eighty eight year 0:08:16.040 --> 0:08:18.160 old had a cat scan which showed that he now 0:08:18.200 --> 0:08:21.119 has an infection in both of his lungs. Global News 0:08:21.200 --> 0:08:23.200 twenty four hours Day and whenever you want it with 0:08:23.200 --> 0:08:24.240 Bloomberg News Now. 0:08:24.480 --> 0:08:26.880 I'm John Tucker. This is Bloomberg Karen. 0:08:27.240 --> 0:08:34.160 All right, John, thank you time now for the Bloomberg 0:08:34.200 --> 0:08:37.120 Sports Update, brought to you by Tri State Anti. Here's 0:08:37.200 --> 0:08:39.640 John stash Hour, John, Good morning, Good morning, Karen. 0:08:39.679 --> 0:08:41.960 Every baseball off season that appears to be one or 0:08:41.960 --> 0:08:44.000 two big name free agents A couple of years ago, 0:08:44.000 --> 0:08:47.600 Aaron Judge, Joeyotani than once sot Of, Vladimir Guerrero Junior. 0:08:47.640 --> 0:08:49.640 Maybe not quite at that level, but he's still only 0:08:49.720 --> 0:08:52.360 twenty six and last season in Toronto he hit three 0:08:52.480 --> 0:08:55.120 twenty three with thirty homers forty four doubles. He had 0:08:55.160 --> 0:08:58.000 set a deadline of yesterday to get a long term 0:08:58.040 --> 0:09:00.920 deal done with the Blue Jays. The deadline, as Guerrero said, 0:09:00.960 --> 0:09:04.480 they had their numbers, I had mine. He's another one 0:09:04.520 --> 0:09:07.640 apparently betting on himself. Unless something changes, he'll be a 0:09:07.640 --> 0:09:09.960 free agent after the upcoming season. Like Soto was, of course, 0:09:10.000 --> 0:09:12.000 went from the Yankees to the Mets, making for high 0:09:12.000 --> 0:09:14.960 hopes for Mets owner Steve Cohen. He was asked yesterday 0:09:14.960 --> 0:09:17.880 in Port Saint Lucy his goals for the upcoming campaign. 0:09:18.320 --> 0:09:21.640 Yeah, you always want to set high standards and high goals. 0:09:23.320 --> 0:09:25.719 There's no guaranteeing anything, right, It's really hard to win 0:09:25.720 --> 0:09:30.480 a World Series. But the thought of, you know, we're 0:09:30.480 --> 0:09:33.560 putting together a team, not just a team good for 0:09:33.600 --> 0:09:36.400 one year, but we want to create sustainable success. And 0:09:36.440 --> 0:09:38.679 if we keep making the playoffs, you know, why can't 0:09:38.720 --> 0:09:41.800 we find you know, ultimate again, know, get to the 0:09:41.880 --> 0:09:42.560 ultimate goal? 0:09:43.320 --> 0:09:46.120 Doone admits that with the Soto signing and others, they 0:09:46.160 --> 0:09:48.960 blew through their budget. Saint John's only lost one since 0:09:48.960 --> 0:09:51.079 twenty twenty five. Red Storm ranked tenth in the country. 0:09:51.080 --> 0:09:53.000 They are a top the Big East by two games, 0:09:53.320 --> 0:09:56.400 having won the Big East regular season since nineteen eighty six. 0:09:56.800 --> 0:09:59.520 Play tonight at DePaul, seating all off the stunning upset 0:09:59.559 --> 0:10:01.359 of you co on over the weekends. 0:10:01.559 --> 0:10:02.280 Last night at. 0:10:02.200 --> 0:10:04.960 Marquette eighty to fifty six. While the Huskies were back home, 0:10:05.000 --> 0:10:07.360 they beat Villanova sixty six to fifty nine. The NBA's 0:10:07.360 --> 0:10:09.480 back Tonight one game. It's a makeup in LA due 0:10:09.480 --> 0:10:12.080 to a postponement during the fires. The Lakers play Charlotte, 0:10:12.240 --> 0:10:15.000 third Laker game for Lukey Donsons, but Lebron James unlikely 0:10:15.040 --> 0:10:16.719 to play, has got that ankle injury that kept me 0:10:16.760 --> 0:10:19.080 from playing the All Star Game. Knicks are back tomorrow 0:10:19.120 --> 0:10:21.920 at the Garden against Chicago, and also tomorrow in Boston. 0:10:22.000 --> 0:10:25.640 It's the US and Canada the fourteen faceoff Championship game. 0:10:25.760 --> 0:10:28.920 Several US players nursing injuries, but only one has been 0:10:28.960 --> 0:10:32.640 ruled out. Bruins defenseman Charlie Mackabor, John Stashie, I War 0:10:32.720 --> 0:10:33.800 Bloomberg Sports Care. 0:10:33.720 --> 0:10:40.520 Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:10:40.640 --> 0:10:43.480 and around the world on Bloomberg dot Com and the 0:10:43.520 --> 0:10:46.600 Bloomberg Business app. This is Bloomberg Daybreak. 0:10:46.760 --> 0:10:48.080 Good morning, I'm Nathan Hager. 0:10:48.120 --> 0:10:51.720 President Donald Trump's Special Envoy to Ukraine, Keith Kellogg, has 0:10:51.880 --> 0:10:55.600 arrived in Kiev for talks with President Vladimir Zelenski. A 0:10:55.679 --> 0:10:58.720 day after the first high level meetings between the US 0:10:58.760 --> 0:11:03.000 and Russia the invasion in twenty twenty two, and following 0:11:03.040 --> 0:11:06.240 that summit in Riyad. Secretary of State Marco Rubio said, 0:11:06.280 --> 0:11:09.319 it is important to reset the US Russia relationship. 0:11:09.679 --> 0:11:12.200 We haven't really had much engagement with the Russians for 0:11:12.200 --> 0:11:16.200 almost three years, and it sets the table for future conversations. 0:11:16.240 --> 0:11:18.200 How that turns out, we'll be up to the parties 0:11:18.440 --> 0:11:20.360 and their willingness not just to make commitments but to 0:11:20.360 --> 0:11:20.960 live by them. 0:11:21.480 --> 0:11:23.880 That'll be tested in the weeks to come, and for 0:11:24.040 --> 0:11:26.800 some analysis. We are joined now by Bloomberg opinion columnist 0:11:26.840 --> 0:11:29.880 Mark Champion. Mark, thanks so much for joining us this morning. 0:11:29.920 --> 0:11:34.000 And also following this meeting, Secretary of State Rubio said 0:11:34.040 --> 0:11:37.480 that sanctions will remain in place on Russia at least 0:11:37.600 --> 0:11:40.480 until there is a deal to end the Ukraine conflict. 0:11:40.760 --> 0:11:43.880 I guess the question is whether the conflict is going 0:11:43.920 --> 0:11:45.120 to end quickly? 0:11:45.200 --> 0:11:48.360 Good morning, Yes, I mean it. 0:11:48.880 --> 0:11:53.480 At the moment, it looks as though the US is 0:11:53.679 --> 0:11:58.520 moving very quickly to end the conflict. That is going 0:11:58.559 --> 0:12:03.520 to be worrying much as the Ukrainians want to see 0:12:03.520 --> 0:12:05.640 the war end, and certainly also the Europeans. 0:12:05.720 --> 0:12:09.160 Is going to be worrying to both simply because. 0:12:09.600 --> 0:12:13.360 You know, the the quicker you want to end it, 0:12:13.559 --> 0:12:17.480 the easier you know, the path is that takes you 0:12:17.520 --> 0:12:23.920 to giving concessions to to Russia and making enforcing concessions 0:12:23.920 --> 0:12:29.240 on the weaker parties, which is both Ukraine and Europe. 0:12:30.080 --> 0:12:32.880 And at the moment it does rather look as though 0:12:32.920 --> 0:12:34.800 we are you know, headed in that direction. 0:12:36.000 --> 0:12:41.120 The Ukrainian side says it wants security guarantees. The US 0:12:41.120 --> 0:12:45.360 has said it recognizes that what could security guarantees look like? 0:12:46.120 --> 0:12:48.000 Well, that's you know, for the Ukrainians, that's the most 0:12:48.000 --> 0:12:52.080 worrying thing they can deal with, you know, territorial losses 0:12:52.120 --> 0:12:54.720 at least a facto if you know, if not to jury. 0:12:55.600 --> 0:12:59.280 But what they've always said is they have to be 0:12:59.640 --> 0:13:04.000 as solid security guarantees because we know that the Russians 0:13:04.040 --> 0:13:07.320 will otherwise be back. This happened after twenty fourteen, when 0:13:07.320 --> 0:13:12.160 they made a deal that didn't include security guarantees. You know, 0:13:12.280 --> 0:13:18.880 the original you know, Budapest memorandum that under which Ukraine 0:13:18.880 --> 0:13:22.160 gave up its nuclear weapons also said that you know 0:13:22.200 --> 0:13:26.600 that the various parties, including Russia, would guarantee Ukraine's borders, 0:13:27.040 --> 0:13:30.520 but there weren't any concrete security guarantees in there. And 0:13:30.760 --> 0:13:34.360 you've had you know, invasion of Ukraine by Russia and 0:13:35.280 --> 0:13:39.920 you know, no Western troops into support, you know, to 0:13:40.760 --> 0:13:44.160 follow up on the Budhapest, MEPARANDUS. So the Ukrainians have 0:13:44.320 --> 0:13:47.760 very bitter experience about this, and they are quite united 0:13:47.760 --> 0:13:50.840 about it actually, and you know, so I think, you know, 0:13:50.880 --> 0:13:52.760 there is a real possibility you end up with a 0:13:52.840 --> 0:13:56.200 situation in which the Americans say, okay, we've got a 0:13:56.240 --> 0:14:02.080 deal with the Russians, and then the Ukrainians say, we 0:14:02.160 --> 0:14:05.680 don't accept it. And you know, the at the moment, 0:14:06.160 --> 0:14:10.199 both the Kremlin and President Trump yesterday and some extraordinary 0:14:10.280 --> 0:14:15.959 remarks are pushing for elections that would get Zelensky replaced. 0:14:16.840 --> 0:14:20.560 But I suspect that that would you know, he in 0:14:20.600 --> 0:14:23.600 these circumstances, with such a deal being pushed on them, 0:14:23.600 --> 0:14:26.480 if that, if that's how it goes, he might he 0:14:26.560 --> 0:14:29.320 might well. If elections were held, it should be very 0:14:29.320 --> 0:14:35.880 difficult and non constitutional, he might well win. And you know, 0:14:35.960 --> 0:14:39.320 so I think it's a it's a we don't know 0:14:39.440 --> 0:14:41.960 yet how this is going to turn out. We don't 0:14:42.000 --> 0:14:45.760 know yet how much the US will give away with 0:14:46.000 --> 0:14:49.000 Ukraine and Europe not at the table. They've already given away, 0:14:49.280 --> 0:14:52.960 you know, most demands that the Russians have They said that, 0:14:53.480 --> 0:14:56.480 you know, Ukraine will not be admitted into NATO, that 0:14:56.520 --> 0:14:59.560 it will not get its territory back, and that the 0:14:59.680 --> 0:15:04.600 US will you know, will not provide involved in leading 0:15:04.680 --> 0:15:07.560 on security guarantees. And it's more or less just sort 0:15:07.600 --> 0:15:09.760 of shrugged at shoulders and said that if Europe wants 0:15:09.840 --> 0:15:13.120 to send He's keeping force in then that's fine by 0:15:13.160 --> 0:15:13.680 the US. 0:15:14.440 --> 0:15:17.880 But so far we haven't seen a lot more commitment. 0:15:18.120 --> 0:15:20.200 So in our last minute, mark, how important are these 0:15:20.280 --> 0:15:24.080 conversations going to be between the especially Ukraine Envoy Kellogg 0:15:24.560 --> 0:15:29.320 and Ukraine's president a day after Ukraine wasn't included in 0:15:29.360 --> 0:15:30.400 these Russia at tacks. 0:15:30.680 --> 0:15:31.400 Well, that's a very. 0:15:31.320 --> 0:15:35.120 Good question, you know, so the Ukraine envoy was not 0:15:35.280 --> 0:15:35.960 at the talks. 0:15:36.040 --> 0:15:37.760 Also, Kellogg was not at the talks. 0:15:38.760 --> 0:15:43.840 You know, He's now going to try and reassure the 0:15:43.960 --> 0:15:46.479 Ukrainians and reassure so the Europeans. 0:15:47.120 --> 0:15:48.280 That's kind of his job. 0:15:49.520 --> 0:15:52.760 But you know, from what we can see in terms 0:15:52.800 --> 0:15:56.440 of who is actually you know, taking the lead, he 0:15:56.680 --> 0:16:01.720 is not the guy. You know, it's more Steve Whitcoff, 0:16:02.480 --> 0:16:06.960 who was the Trump Special envoy on Gaza also to 0:16:07.080 --> 0:16:12.160 Israel and he was at the table. Seems to be 0:16:12.960 --> 0:16:18.240 President Trump's fixer, So you know, it's yeah, it's again. 0:16:18.720 --> 0:16:20.320 It's too early to say. 0:16:20.160 --> 0:16:22.440 Exactly how this will turn out, but there are a 0:16:22.480 --> 0:16:25.960 lot of signals here that are not encouraging for Ukraine. 0:16:26.080 --> 0:16:29.520 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:29.600 --> 0:16:32.600 making news from Wall Street to Washington and beyond. 0:16:32.880 --> 0:16:35.280 Look for us on your podcast feed by six am 0:16:35.320 --> 0:16:38.720 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:38.920 --> 0:16:41.760 You can also listen live each morning starting at five 0:16:41.800 --> 0:16:44.520 am Wall Street time on Bloomberg eleven three to zero 0:16:44.520 --> 0:16:47.440 in New York, Bloomberg in ninety nine to one in Washington, 0:16:47.480 --> 0:16:51.440 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:51.640 --> 0:16:53.200 XM Channel one twenty one. 0:16:53.600 --> 0:16:56.320 Plus listen coast to coast on the Bloomberg Business app 0:16:56.360 --> 0:16:59.160 now with Apple CarPlay and Android Atto interfaces. 0:16:59.400 --> 0:17:02.400 And don't forget to subscribe to Bloomberg News Now. It's 0:17:02.440 --> 0:17:05.160 the latest news whenever you want it in five minutes 0:17:05.280 --> 0:17:08.400 or less. Search Bloomberg News Now on your favorite podcast 0:17:08.400 --> 0:17:12.639 platform to stay informed all day long. I'm Karen Moscow. 0:17:12.359 --> 0:17:14.879 And I'm Nathan Hager. Join us again tomorrow morning. For 0:17:14.960 --> 0:17:16.880 all the news you need to start your day right 0:17:16.880 --> 0:17:18.400 here on Bloomberg Debreak