Trump Praises Zelenskiy After Mar-a-Lago Talks; Trump and Netanyahu to Meet Today

Bloomberg Audio Studios, Podcasts, Radio News.
Good morning, I'm John Tucker and I'm Karen Moscow. Here
are the stories we're following today.
And Karen, let's start with the latest developments to end
the war in Ukraine. President Trump says Ukraine and Russia
are quote closer than ever before to a peace deal,
but he acknowledges that negotiations could still break down and
leave the war dragging out for years. Trump spoke yesterday
as he hosted Ukrainian President Florid Marzelenski at his Florida resort.
I really believe we're probably missed a president closer than
by far closer than ever before with both parties. We
had sometimes when he was close and President Putin wasn't.
Then when that President Putin was close and he wasn't.
You saw that in the White House. But I think
they both want to see it happen.
Well, let's get more in the meeting From Bloomberg's Ronsalin.
Matheson, Ezelensky and Trump had a what would seem to
be a pretty productive conversation from Donald Trump's point of view,
at least warm words afterward. So progress on those areas,
perhaps on the role in size of the Ukrainian military
after a war, and some understandings around the Ukraine economy,
including the trade arrangements with the US, but not a
lot of progress on the really biggest issues, the stickiest ones,
And there it seems still we're quite away from getting
a full agreement and one that certainly Ukraine and Russia
would sign.
Off on, Bloombergs, Russell and Mathieson, says v Lotivarzelenski. So
see as President Trump to consider the possibility providing his
country with security guarantees that would last thirty to fifty years.
Well, John President Trump has another high profile meeting on
the docket as Mara Lago Resort in Florida. He's scheduled
to meet with Israeli Prime Minister of Benjamin Attiniahou this afternoon.
The two aimed a booster US broker and cease fire
in Gaza, which faces challenges as it looks to move
into a more complicated second phase. That phase involves rebuilding
Gaza under international supervision, creating an international security force, and
normalizing relations between Israel and the Arab world.
And China kicked off military maneuvers around Taiwan that it
said included live fire drills to say had dramatic show force.
After the US announced one of its biggest arms packages
ever for the self run democracy, China has found to
quote take effective and strong measures to safeguard national sovereignty.
On Friday, it unveiled largely symbolic sanctions against twenty US
defense companies and ten executives.
John A powerful winter storm is sweeping east across the
United States, bringing a dangerous mix of snow, ice, rain,
and high winds, and we get more with Bloomberg Meteorologist
Craig Allen.
More than a dozen states with some kind of alert
or warning for a winter storm that is near the
Great Lakes and very powerful in moving towards the Saint
Lawrence River Valley. Have blizzards across the Upper Midwest, very
heavy snowfall in portions of the Great Lakes. There is
snow falling around Chicago, strong winds, damaging winds all the
way down through the Central Plains and the Tennessee, Ohio
Valleys into southern sections of the US and in the
East big lake effects snow just downwind of the lakes.
In New York State, there will be snow in portions
of New England. In fact, ice storm mornings for some
sections of New York, Vermont as well as New Hampshire
from Boston on down to New York City and Philadelphia
and Washington. There will be some heavy rain showers during
the day today and then followed by some very cold,
gusty winds.
And that's Bloomberg meteorologists Craig Allen are reporting. We will
be checking him with Craig throughout the morning.
And Carol, let's turn to the markets. Where futures right now,
I call it mixed. As we begin the last trading
week of twenty twenty five, still the stock averages hovering
near all time highs. And Robert Teeters, the chief investment
strategist at Silvercrust Asset Management.
The base case for next year is that we do
see very solid earnings growth, so kind of low teens
earnings growth, maybe a little bit of multiple compression now,
and part of that's just going to be a factor
of some of this rotation. Maybe you get a little
bit of pressure release valve out of the megacaps that
have been so strong, and I think strong for good reasons.
But as you get some of that rotation, multiples might
come down a little bit, So we're looking for high
single digit gains from equities next year, powered by double
digit earnings gains.
Silver Cresset Asset Management's Robert Teeter. So far this year,
the S and P five hundred up almost eighteen percent.
The Nasdaq is up twenty two percent.
John it's a volatile session and the commodities market. Silver
and gold are now lower after rising to records earlier,
and we get more with the Bloomberg Markets reporter Valerie Titel.
Today we're seeing some of the air come out of
Friday's blistering rally. Silver was up ten percent on Friday,
the biggest one day move since two thousand and eight.
If you look about the month of December, it's had
the biggest one month change since nineteen seventy nine, if
to go all the way back to the inflation days
of the seventy to see a similar rise in silver
in one month's time, up near forty percent just in
this month. This morning was quite a pronounced volatile session. Essentially,
silver moved eleven percent in an hour. It opened up
higher around six percent, breaking through eighty four dollars an
ounce for the first time ever. We've now come off
of that trading around seventy six dollars an ounce.
And that's one of our Marcus reporter Valerie Tyitel, who
again says gold is lower this morning after earlier rising
to a record, so is platinum, and.
Bank of America's CEO Brian moynihan says that maintaining the
banking system's independence is important. This comes as President Trump
is searching for a new chair for the Federal Reserve.
Here's moynihan speaking on CBS's Face the Nation.
Where a country's driven by the private sector, by what
people do, and in the businesses and the company, small
companies and large companies, medium sized companies and entrepreneurs and
doctors or always people drive our economy. The idea that
we are like hanging on a thread by the Fed
moving rates twenty five basis points seems to me we've
gotten out of whack.
Well.
Bank of America CEO Brian Mooinihan speaking on CBS's Face
to the Nation, and you can catch the program Sunday
afternoons on Bloomberg Radio. Moin Hands also says he expects
the Trump administration to de escalate trade tensions in twenty
twenty six, after the tariffs and shockwaves through the US
economy in twenty twenty five.
And we have an entertainment note this morning, John, Americans
are watching fewer new TV shows and more free TV.
In fact, free streaming services are growing more quickly than
paid ones, with YouTube being the fastest growing network on
TV and the Roku channel and two B also growing rapidly.
Netflix accounts are about two thirds of streaming hits, but
its lead is slipping. Its share of streaming viewership is
going down over time, and other major streaming services or
landing shows in the top ten on a regular basis. YouTube,
the Alphabet owned streaming service Eclipse Netflix is the most
popular streaming service on TVs a couple of years ago,
and it's never looked back. It is now larger than
Netflix and Amazon combined. 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. Two helicopters crashed mid
air in New Jersey, killing one person and critically injuring another.
The Federal Aviation Administration says The crash happened over Hamilton
Municipal Airport, about thirty five miles southeast of Philadelphia. It
happened in Caitlin Collins's backyard, who came out of her
house and tried to comfort the surviving pilot. Colin says
they could hear sirens as first responders raced to the scene.
They said, they got here so fast, four minutes. I
don't know.
All I know is I was sitting down there just
holding his hand, just holding his hand, maybe trying to
crack a joke, saying, I.
Guess this isn't the way you thought you were to
start your day.
But we're here, like you're safe. We got you.
The NTSB is investigating, with a preluminary report expected as
soon as today. The man accused of place in two
pipe bombs in Washington on the eve of the January sixth,
twenty twenty one riot at the US Capitol told investigators
after his arrest that he believed someone needed to speak
up for people who believe the twenty twenty election was stolen.
Brian Cole Junior also said he wanted to target the
country's political parties because they were in charge. That's according
to a memo filed by the Justice Department on Sunday
arguing that Cole should remain jailed as the case moves forward.
Cole was arrested earlier this month on charges of placing
pipe bombs outside the headquarters of the Democratic and Republican
national Committees. A big change at the nation's largest public
transit system, New York City, officially ends its metro card
era at the end of the year. Jody Shapiro of
the New York Transit Museum says the swipeable plastic cart
replaced the subway token coin back in nineteen ninety four.
As a native New Yorker, I feel all the fuels
like people do. I don't want something that works to
go away.
The system switches fully to tap and go fares. Bridget Barde,
the French actress who became a global icon in the fifties,
died on Sunday. In nineteen seventy three, she quit the
movie industry to focus on animal rights. Bridget Bardea was
ninety one global news, twenty four hours a day and
whenever you want it with the Bloomberg News. Now Michael
Barr and this is Bloomberg.
Heret thanks Michael. Time now for our Bloomberg Sports update,
and for that we bring in Dan Schwartzman.
Huge Week seventeen in the NFL, as the Patriots locked
up their first AFC East Division title since twenty nineteen
with a dominating forty two to ten went over the Jets,
while the Bills fought home to the Eagles thirteen to twelve.
The Brown stun the Steelers thirteen to six to night
Pittsburgh winning THEFC North and the battle of eleven win teams,
the Niners getting past the Bear forty two to thirty eight.
The Giants destroyed the Raiders thirty four to ten to
snap their nine game losing streak, while the Seahawks improved
to thirteen and three as a twenty seven to ten
win over the Panthers. Elsewhere, the Jaguars beat the Colts
twenty three to seventeen, Dolphins out last of the Buccaneers
twenty to seventeen, while the Saints capacit Titans thirty four
to twenty six. On Monday Night Football, the Rams will
battle the Falcons in Atlanta. That's your Bloomberg Sports update.
Stay with us. More from Bloomberg Day Break coming up after.
This coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business app. This is Bloomberg Daybreak.
Good morning up, John Tucker, who President Trump said, he
may quote, a lot of progress in the talks with
the Ukrainian president Vladimir Selenski was over the possible peace
deal in Rush's war against Ukraine. Let's find out more
this morning. We're joined by Bloomberg's Russia Economics Senator Greg Sullivan. Greg,
good morning to you, thanks for being with us. What
exactly have they agreed.
To so far?
Well, yes, President Trump did characterize those talks with Ukrainian
President Volodimir Zelenski as having made progress, but it is
a little difficult to see where exactly the progress was made.
President Zelenski did say that there was one hundred percent
agreement on the issue of US Ukraine security guarantees, which
was somewhat important given that this has been an important
issue for Kia throughout the negotiating process and they had
a little difficulty bringing the US on board. Of course,
though he said they have one hundred percent agreement, we
don't have the actual agreement or no, exactly the contours
of those security agreements. And he also said that on
the issue of Europe, Ukraine and the US security agreements,
they were only at ninety percent, so it's an important issue.
It's also hard to see what Ukraine and the US
can agree to that Russia would accept. Russia has long
thrown a spanner in the works on this issue, so
that's still tough to see.
Those security guarantees. How long would they last or what
does Zelenski want.
Well.
President's Lensky spoke with reporters today and he said that
he actually asked President Trump for a thirty to fifty
year commitment on the security guarantees. Obviously, Ukraine has sought
joining NATO as the primary security guarantee, but that the
US has tamped that down since the Trump administration started,
and that has been a non starter for Russia. But
it is really hard to see what Russia would accept
in terms of say, European troops on Ukrainian soil. They've
ruled that out in the past, but Ukraine wants a
security guarantee that's strong enough to dissuade Russia from simply
restarting hostilities down the road.
Now, what about territorial concessions of the part of Ukraine.
Well, this is a major sticking point and perhaps potentially
the biggest one that has been left mostly unresolved. President
Trump said that they had made some progress toward that,
but there was no additional details, and it's unclear where
they stand on that. Moscow has been seeking this territory
in eastern Ukraine, in an area known as the dun Boss.
Ukraine is concerned because part of it is heavily fortified
and if they seed it that could leave them vulnerable
to future Russian attacks. But it's also a politically charged issue. Zelenski.
It would not be popular among Ukrainian people to simply
see territory that Kiv still controls, and also legally hard
they probably have to be a referendum. So it doesn't
seem like much progress has been made. Russia has shown
no signs of backing down on this, and even over
the weekend, President Putin said that he's willing to continue
pursuing his goals militarily. So the two sides still seem
rather far apart on that issue.
In like the forty five seconds we have left, where
does NATO where's NATO and Europe in all of this?
Right now?
Well throughout the negotiating process since President Trump came to power,
Europe has really struggled to maintain a seat at the table.
Russia does not want them at the table. The US
seems to consider it not that important. But for Europe
this is very important. They see this as part of
their own security architecture. So NATO has been trying to
be involved in terms of security guarantees. It's obviously going
to be tough. Ukraine does not seem poise to be
able to join NATO anytime soon, but they are seeking security.
Natoake guarantees for their own security, and Europe could play
a role in those down the road, and even Trump
acknowledged that Europe would probably have to play a role
in the security for Ukraine.
This is Bloomberg day Break, your morning podcast on the
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