December 3, 2025 • 15 mins
On today's podcast:
1) The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine. The negotiations lasting almost five hours were “constructive and very informative,” though “a compromise hasn’t been reached yet” on the critical issue of territorial control, Kremlin foreign policy aide Yuri Ushakov told reporters in Moscow. A possible meeting between Putin and President Trump “will depend on what progress is being made,” Ushakov added.
2) Republicans averted an upset in a Tennessee-based US House race Tuesday, a relief to President Trump and his congressional allies. Matt Van Epps, the Trump-backed Republican candidate, was projected to win by the AP, NBC News and Decision Desk HQ, an election analysis website. Trump praised the GOP victory in a social media post and Van Epps declared victory. Yet even in victory, voters in a district Trump won overwhelmingly just over a year ago swung away from Republicans, the latest data point in a trend that is raising alarm about the GOP’s prospects in next year’s midterm elections, as Van Epps’ victory came about only after Republicans surged resources and expended political capital in a strident GOP district that would typically be considered safe.
3) President Trump said he plans to announce his selection to lead the Federal Reserve in early 2026 and teased National Economic Council Director Kevin Hassett as his possible choice on Tuesday, fueling further speculation about the next leader of the US central bank. Hassett is seen as the likely choice to succeed Powell, people familiar with the matter told Bloomberg News last week, and Trump nodded to that position at a separate event shortly after the Cabinet meeting on Tuesday. Trump’s comments offer a clearer timeline for the announcement. Treasury Secretary Scott Bessent, who has been overseeing the selection process, previously said the pick could be revealed around Christmas.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:09):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the latest on the push to
end the war in Ukraine. The Kremlin says Russian President
Vladimir Putin held quote very useful talks with White House
Envoy Steve Whitcoff and President Trump's son in law, Jared Kushner,
but once again those discussions ended without a breakthrough to
end the fighting. Tony Happin leeds Bloomberg's Ussia coverage.
Speaker 4 (00:33):
They said there were constructive discussions, very informative. They talked
about receiving more detailed documents from the US that they
need to study, but there was a little actual substance
on which they agreed. And Kremlin policy aid Yuri Ushakov
basically told reporters that there were crucial areas such as
the territorial question on which they didn't agree in that
there would be much more work needed.
Speaker 3 (00:55):
Bloomberg's Tony Happen reports Attention now turns to a NATO
feign minister's meeting today in Brussels to discuss the alliances
support for Ukraine. Secretary of State Marco Rubio is not
expected to attend well.
Speaker 2 (01:06):
Back in Washington, Nathan Defense Secretary Pete Hegseth is speaking
for the first time about a suspected drug boat strike
that has him facing accusations of possible war crimes. During
a White House Cabinet meeting heard live on Bloomberg Radio,
Haigeseth said he wasn't watching when a Navy admiral ordered
a second strike on the vessel on September second. As
(01:27):
you can imagine, the Department of War, we got a
lot of things to do, so I didn't stick around
for the hour and two hours whatever where all.
Speaker 5 (01:34):
The sensitive side exploitation digitally occurs.
Speaker 4 (01:37):
So I moved on to my next meeting.
Speaker 2 (01:38):
Secretary Heggseth says he learned the full sequence of events
a couple hours later, and he says Admiral Frank Bradley
made the right call to sink the boat and eliminate
the threat. Not all lawmakers are convinced. Ted Low is
Vice chair of the House Democratic Caucus.
Speaker 6 (01:53):
I served on.
Speaker 3 (01:54):
Active duty as a jack for four years and then
additional twenty one years in the reserves, and let me
be very clear, killing shipwreck survivors is a war.
Speaker 2 (02:03):
Crime, and Republican Senator Tom Tillis is calling the second
strike a violation of ethical, moral, and legal code. The
top Republican and Democrat, and the Senate Armed Services Committee
plan to meet with Admiral Bradley tomorrow.
Speaker 3 (02:16):
Kry, we have some key election results this morning. Yes,
it was an election day. A couple races that your
national attention. Let's bring in Bloomberg's John Tucker to get
the details, John and Nathan.
Speaker 6 (02:26):
A special election in Tennessee allows Republicans to keep their
razor thin majority in Congress. The winner, Matt Van Epps,
had no apologies for being hardcore maga.
Speaker 2 (02:36):
This is President Trump's party.
Speaker 7 (02:38):
I'm proud to be a part of it and can't
wait to get to work.
Speaker 6 (02:42):
Van Apps receiving fifty four percent of the vote the
Democrat challenger after Bain's forty five, a margin of nine points,
not as great as some would have thought for a regent.
President Trump won by twenty two points for Bain. It
signals a future of.
Speaker 1 (02:57):
Change and we may not have won tonight, but we
changed the story of what's possible here and we're not done.
Speaker 6 (03:03):
Not by a longshot well. The special election was called
to field the vacancyed once held by now former Congressman
Mark Green, a Republican who resigned in July. And in
another race that gained national attention in New Jersey, a
runoff election for mayor of Jersey City. City Council member
James Solomon won the race, beating former Governor Jim McGreevy.
Shortly after the polls closed, Solomon was leading with sixty
(03:26):
nine percent of the vote, according to the AP, which
called the race. Solomon pledging to make the city more
affordable and to fight corruption, similar promises to those made
by New York City Mayor elect Zorinbumdani. I'm John Tucker,
Bloomberg Radio, All.
Speaker 2 (03:40):
Right, John, thank you by The Trump administration is poised
to undo Biden era fuel efficiency standards, which it blames
for driving up the cost of new cars and Bloomberg
Amy Morris reports from Washington.
Speaker 8 (03:52):
The administration is expected to propose standards that are less
stringent than those finalized under former President Biden. The move
is the latest in President Trump's push to dismantle policies
he criticizes as an ev mandate. The Trump administration has
argued that artificially high fuel economy requirements have pushed the
price of a new car out of reach for many Americans.
(04:13):
Still using fuel economy requirements is not likely to bring
down car prices because carmakers plan those lineups years in advance.
In Washington, Amy Morris Bloomberg Radio, all.
Speaker 3 (04:23):
Right, Amy, thank you for expecting that announcement from the
president later today. But President Trump says he plans to
announce his selection to lead the Federal Reserve early next year.
At that cabinet meeting at the White House yesterday, the
President te's White House National Economic Council Director Kevin Hassett
as his possible choice.
Speaker 5 (04:39):
I guess the potential fed cheers here too.
Speaker 2 (04:42):
I don't know.
Speaker 5 (04:42):
We sh allowed to say that potential is a respected
person that I can tell you. Thank you, Kevin.
Speaker 3 (04:49):
Now the comments for President Trump offer a clearer timeline
for that announcement, which he said would come after considering
around ten candidates.
Speaker 2 (04:56):
Well, Nathan, we turned to the markets, where futures are
higher again. Following yesterday's gains on Wall Street, the S
and P five hundreds rallied for more than a week
on an expected rate cut one week from today. Laura
Cooper is a global investment strategist at Neuvene.
Speaker 9 (05:12):
Historically, we do tend to see December as a strong
month of outperformance for US equities, and I think we're
probably in for some modest upside, but I think there's
limited scope for significant gains because a lot of the
driver of recent price action has been that repricing of
the FED rate cuts. It's expected next week.
Speaker 2 (05:33):
New Vean's Laura Cooper says the feds outlook on future
rate cuts will be key for the markets.
Speaker 3 (05:38):
In some company news this morning, Karen, we're watching shares
of crowd Strike. They're down about two percent in early training.
The cybersecurity provider did top earnings estimates, but its outlook
disappointed some investors. CrowdStrike was up fifty one percent this
year before that earnings release.
Speaker 2 (05:54):
And looking at the flip side, Nathan shares of Marvel Technology,
they're up about ten percent. The company announced plans to
acquire startup Celestial AI for at least three and a
quarter billion dollars. It's part of Marvel's push to capture
more of the runaway spending on artificial intelligence computing.
Speaker 3 (06:11):
And Bitcoin's trading at a two week high this morning Karen
right now up about one point six percent. That ninety
three thousand cryptocurrency seeking a sustained recovery from a week's
long sell off that began in early October, days after
bitcoin hit a record of more than one hundred and
twenty six thousand. Since then, more than a trillion dollars
in crypto market value has been wiped out.
Speaker 2 (06:32):
We have a warning here, Nathan from the SEC. It
has issued a flurry of letters to firms, including direction
pro shares and title blocking the introduction of products designed
to deliver two or three times the daily returns of stocks,
commodities and cryptocurrencies. The SEC's concern is that the fund's
risk exposures may see the agency's limits on how much
(06:54):
risk of fund can take on relative to its assets.
The regulator has directed the fund managers to other revis
their investment strategies or formally withdraw their applications.
Speaker 3 (07:04):
And it is an unprecedented philanthropic effort Karen Dell Technologies
founder Michael Dell and his wife Susan are giving twenty
five million American children two hundred and fifty dollars each
to jump start investment accounts for their future that adds
up to six point twenty five billion dollars, a pledge
that's part of the America Initiative, better known as Trump Accounts,
(07:26):
that were created earlier this year under the One Big,
Beautiful Bill Act. Michael Dell discussed the pledge in bloomber interview.
Speaker 5 (07:33):
We do think that this will be catalytic and that
more philanthropists and companies will will join us over time.
And again, this is a platform for the future of
these children.
Speaker 3 (07:48):
And you can watch our full interview with Dell Technologies
founder and CEO Michael Dell at the Bloomberg podcast channel
on YouTube.
Speaker 2 (07:59):
Time now 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.
Speaker 7 (08:06):
Michael, good morning, Good morning Karen. The cleanup continues in
the Midwest and northeast from a snowstorm in Nashua, New Hampshire.
The city's street department has been working to keep the
roads clear of snow. This man was out driving and
found things a bit difficult.
Speaker 3 (08:21):
It was raining, so the roads were already wet, and
then the snow just came up on top of it,
so you can't really see the black ice.
Speaker 7 (08:27):
New York City just got rained, but the Central Hudson
River Valley got about nine inches of snowfall. The Pennsylvania
police officer who arrested accused CEO killer Luigi Mangione appeared
in a New York City court. Officer Joseph Dettwiler testified
on day two of Mangione's hearing to bar New York
prosecutors from using evidence they say links him to the
(08:49):
murder of United Healthcare CEO Brian Thompson on Manhattan Street.
Officer Debtwiler testified he was skeptical about the tip about
a male who looks like the shooter, but as soon
as the man pulled down his max, the officers said,
I knew it was him immediately. Ed Wiler said MANGIONI
gave him a fake name in ID and claimed he
(09:10):
was homeless. The Trump administration says it will withhold funds
for administering snap food Aid and most Democratic controlled states
starting next week unless they provide data about those receiving
the assistance. Agriculture Secretary Brook Rollins said that the action
is looming because those states are refusing to provide requested
(09:31):
information about the recipients, including the names and immigration status,
but twenty.
Speaker 2 (09:36):
One states, including California, New York, and Minnesota Blue States
continued to say no.
Speaker 7 (09:43):
Secretary Rolin says it's necessary that states comply to root
out fraud in the program. Democratic states have sued to
block the requirement. Global News twenty four hours a day
and whenever you want it with Bloomberg News Now Michael
Barr and this is Bloomberg Herron.
Speaker 2 (09:58):
Thanks Michael. Time. Now there are Bloomberg Sports Update, and
for that we bring in John Stashauer.
Speaker 10 (10:04):
Thanks Karon. On Sunday, we'll find out who's going to
the college football Playoff. The committee says that as of now,
there'll be five SEC teams, three from the Big Ten,
and the buys go to Ohio State, Indiana, Georgia, and
Texas Tech. Alani Sataki decided to stay at BYU rather
than take the job at Penn State. Oklahoma City thunder
with a one twenty four to one to twelve win
(10:25):
at Golden State. Shay Gildess Alexander scored thirty eight points
the thunder that depended NBA Champs off to a twenty
one to one start. That's your Bloomberg Sports Update.
Speaker 2 (10:35):
Stay with us. More from Bloomberg day Break coming up
after this.
Speaker 1 (10:43):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (10:53):
Good morning, I'm Nathan Hager. Very useful, very informative. Those
are some of the words the Kremlin is using to
describe the latest talks between Russian President Vladimir Putin and
US envoys Steve Witkoff and Jared Kushner. Ukrainian President Vladimir
Lensky says he's waiting to hear the results. If I
feel phil that we can count on real specific dialogue,
(11:15):
not just wors with some result, we will admit. That
was Ukrainian President Vladimir Lenski speaking in Ireland ahead of
the nearly five hour talks in Moscow. Joining us for
more is Bloomberg Opinion columnist Mark Champion, Mark, Good morning.
Did we hear real specific action coming out of those talks?
Speaker 11 (11:34):
Good morning, good morning.
Speaker 10 (11:36):
No.
Speaker 11 (11:37):
In essence, the message all that we know about the
talks that so far has come from the Russian side
one of President Putin's advisors explain what went on, and
his message essentially was, you know, this was good, We
liked it, but there was no progress. We looked at
(11:57):
the plan that the Americans had, the old plan that's
been you know, made since the Russian American plan was
initially put forward. We looked at the altered plan, but
we were focused really on the kind of spirit of
the deal. We didn't get into the nitty gritty and
you know, and there's stuff in there. Some of it
(12:18):
we might be able to accept some of the changes,
but some of some big key things that we are not,
and we see quite negatively. So you know, it's pretty
clear there won't be a big summit between Trump and
put In to announce a deal anytime soon. Whether this
can actually move forward, it really depends on how the
(12:40):
Americans play it and whether there was any sign of
real movement from the Russians, because that initial deal with
the twenty eight points that the Russians still like to
sort of, you know, lean on, that one was really
poison for the Ukrainian side and for their European allies.
Speaker 3 (13:00):
We've heard from President Zelensky on X this morning saying
his Defense Secretary rustam Umrav is going to meet with
national security advisors to European leaders in Brussels today following
these discussions. Where is Europe in all this?
Speaker 11 (13:13):
Mark, Well, they're I mean, they are important in the
sense that Ukraine, you know, they're they're only Ukraine's only
true allies. At this point, the US has you know,
posed itself as a mediator between Russia and Ukraine, which
means it's distance itself from supporting Ukraine and it also
(13:38):
has its own interests. So you can see that, you know,
threaded through those twenty eight points, it's you know, there
are American profits to be made, American deals to be made.
If you look at who is negotiating the deal on
behalf of the Americans, it's a real estate developer, Steve Witkoff,
and then Jared Kushner, who is you know, a son
(13:59):
in law to the President but also primarily a businessman
and a lot you know. On the other side for
the Russian side, one of the key players in negotiate
and keep partner for Wikoff has been kirolled Dimitriev, who
runs the Russian Sovereign Wealth Fund. So this is you know,
on the Americans are trying to negotiate a deal that
(14:20):
resets relations in a way that's economically beneficial to the US.
The Ukrainian issue for them is secondary. It needs to
get dealt with, but it isn't actually the primary issue
for the Americans. It remains the primary issue for Europe
because Ukraine is a vital security interest for the Europeans
(14:41):
just because of geography.
Speaker 2 (14:44):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.
Speaker 3 (14:51):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or manywhere else you listen.
Speaker 2 (14:57):
You can also listen live each morning starting at I've
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Speaker 3 (15:12):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (15:17):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
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platform to stay informed all day long. I'm Karen Moscow.
Speaker 3 (15:30):
And I'm Nathan Hager. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Day Ray
Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2 (00:09):
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Speaker 3 (00:15):
Karen, we begin with the latest on the push to
end the war in Ukraine. The Kremlin says Russian President
Vladimir Putin held quote very useful talks with White House
Envoy Steve Whitcoff and President Trump's son in law, Jared Kushner,
but once again those discussions ended without a breakthrough to
end the fighting. Tony Happin leeds Bloomberg's Ussia coverage.
Speaker 4 (00:33):
They said there were constructive discussions, very informative. They talked
about receiving more detailed documents from the US that they
need to study, but there was a little actual substance
on which they agreed. And Kremlin policy aid Yuri Ushakov
basically told reporters that there were crucial areas such as
the territorial question on which they didn't agree in that
there would be much more work needed.
Speaker 3 (00:55):
Bloomberg's Tony Happen reports Attention now turns to a NATO
feign minister's meeting today in Brussels to discuss the alliances
support for Ukraine. Secretary of State Marco Rubio is not
expected to attend well.
Speaker 2 (01:06):
Back in Washington, Nathan Defense Secretary Pete Hegseth is speaking
for the first time about a suspected drug boat strike
that has him facing accusations of possible war crimes. During
a White House Cabinet meeting heard live on Bloomberg Radio,
Haigeseth said he wasn't watching when a Navy admiral ordered
a second strike on the vessel on September second. As
(01:27):
you can imagine, the Department of War, we got a
lot of things to do, so I didn't stick around
for the hour and two hours whatever where all.
Speaker 5 (01:34):
The sensitive side exploitation digitally occurs.
Speaker 4 (01:37):
So I moved on to my next meeting.
Speaker 2 (01:38):
Secretary Heggseth says he learned the full sequence of events
a couple hours later, and he says Admiral Frank Bradley
made the right call to sink the boat and eliminate
the threat. Not all lawmakers are convinced. Ted Low is
Vice chair of the House Democratic Caucus.
Speaker 6 (01:53):
I served on.
Speaker 3 (01:54):
Active duty as a jack for four years and then
additional twenty one years in the reserves, and let me
be very clear, killing shipwreck survivors is a war.
Speaker 2 (02:03):
Crime, and Republican Senator Tom Tillis is calling the second
strike a violation of ethical, moral, and legal code. The
top Republican and Democrat, and the Senate Armed Services Committee
plan to meet with Admiral Bradley tomorrow.
Speaker 3 (02:16):
Kry, we have some key election results this morning. Yes,
it was an election day. A couple races that your
national attention. Let's bring in Bloomberg's John Tucker to get
the details, John and Nathan.
Speaker 6 (02:26):
A special election in Tennessee allows Republicans to keep their
razor thin majority in Congress. The winner, Matt Van Epps,
had no apologies for being hardcore maga.
Speaker 2 (02:36):
This is President Trump's party.
Speaker 7 (02:38):
I'm proud to be a part of it and can't
wait to get to work.
Speaker 6 (02:42):
Van Apps receiving fifty four percent of the vote the
Democrat challenger after Bain's forty five, a margin of nine points,
not as great as some would have thought for a regent.
President Trump won by twenty two points for Bain. It
signals a future of.
Speaker 1 (02:57):
Change and we may not have won tonight, but we
changed the story of what's possible here and we're not done.
Speaker 6 (03:03):
Not by a longshot well. The special election was called
to field the vacancyed once held by now former Congressman
Mark Green, a Republican who resigned in July. And in
another race that gained national attention in New Jersey, a
runoff election for mayor of Jersey City. City Council member
James Solomon won the race, beating former Governor Jim McGreevy.
Shortly after the polls closed, Solomon was leading with sixty
(03:26):
nine percent of the vote, according to the AP, which
called the race. Solomon pledging to make the city more
affordable and to fight corruption, similar promises to those made
by New York City Mayor elect Zorinbumdani. I'm John Tucker,
Bloomberg Radio, All.
Speaker 2 (03:40):
Right, John, thank you by The Trump administration is poised
to undo Biden era fuel efficiency standards, which it blames
for driving up the cost of new cars and Bloomberg
Amy Morris reports from Washington.
Speaker 8 (03:52):
The administration is expected to propose standards that are less
stringent than those finalized under former President Biden. The move
is the latest in President Trump's push to dismantle policies
he criticizes as an ev mandate. The Trump administration has
argued that artificially high fuel economy requirements have pushed the
price of a new car out of reach for many Americans.
(04:13):
Still using fuel economy requirements is not likely to bring
down car prices because carmakers plan those lineups years in advance.
In Washington, Amy Morris Bloomberg Radio, all.
Speaker 3 (04:23):
Right, Amy, thank you for expecting that announcement from the
president later today. But President Trump says he plans to
announce his selection to lead the Federal Reserve early next year.
At that cabinet meeting at the White House yesterday, the
President te's White House National Economic Council Director Kevin Hassett
as his possible choice.
Speaker 5 (04:39):
I guess the potential fed cheers here too.
Speaker 2 (04:42):
I don't know.
Speaker 5 (04:42):
We sh allowed to say that potential is a respected
person that I can tell you. Thank you, Kevin.
Speaker 3 (04:49):
Now the comments for President Trump offer a clearer timeline
for that announcement, which he said would come after considering
around ten candidates.
Speaker 2 (04:56):
Well, Nathan, we turned to the markets, where futures are
higher again. Following yesterday's gains on Wall Street, the S
and P five hundreds rallied for more than a week
on an expected rate cut one week from today. Laura
Cooper is a global investment strategist at Neuvene.
Speaker 9 (05:12):
Historically, we do tend to see December as a strong
month of outperformance for US equities, and I think we're
probably in for some modest upside, but I think there's
limited scope for significant gains because a lot of the
driver of recent price action has been that repricing of
the FED rate cuts. It's expected next week.
Speaker 2 (05:33):
New Vean's Laura Cooper says the feds outlook on future
rate cuts will be key for the markets.
Speaker 3 (05:38):
In some company news this morning, Karen, we're watching shares
of crowd Strike. They're down about two percent in early training.
The cybersecurity provider did top earnings estimates, but its outlook
disappointed some investors. CrowdStrike was up fifty one percent this
year before that earnings release.
Speaker 2 (05:54):
And looking at the flip side, Nathan shares of Marvel Technology,
they're up about ten percent. The company announced plans to
acquire startup Celestial AI for at least three and a
quarter billion dollars. It's part of Marvel's push to capture
more of the runaway spending on artificial intelligence computing.
Speaker 3 (06:11):
And Bitcoin's trading at a two week high this morning Karen
right now up about one point six percent. That ninety
three thousand cryptocurrency seeking a sustained recovery from a week's
long sell off that began in early October, days after
bitcoin hit a record of more than one hundred and
twenty six thousand. Since then, more than a trillion dollars
in crypto market value has been wiped out.
Speaker 2 (06:32):
We have a warning here, Nathan from the SEC. It
has issued a flurry of letters to firms, including direction
pro shares and title blocking the introduction of products designed
to deliver two or three times the daily returns of stocks,
commodities and cryptocurrencies. The SEC's concern is that the fund's
risk exposures may see the agency's limits on how much
(06:54):
risk of fund can take on relative to its assets.
The regulator has directed the fund managers to other revis
their investment strategies or formally withdraw their applications.
Speaker 3 (07:04):
And it is an unprecedented philanthropic effort Karen Dell Technologies
founder Michael Dell and his wife Susan are giving twenty
five million American children two hundred and fifty dollars each
to jump start investment accounts for their future that adds
up to six point twenty five billion dollars, a pledge
that's part of the America Initiative, better known as Trump Accounts,
(07:26):
that were created earlier this year under the One Big,
Beautiful Bill Act. Michael Dell discussed the pledge in bloomber interview.
Speaker 5 (07:33):
We do think that this will be catalytic and that
more philanthropists and companies will will join us over time.
And again, this is a platform for the future of
these children.
Speaker 3 (07:48):
And you can watch our full interview with Dell Technologies
founder and CEO Michael Dell at the Bloomberg podcast channel
on YouTube.
Speaker 2 (07:59):
Time now 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.
Speaker 7 (08:06):
Michael, good morning, Good morning Karen. The cleanup continues in
the Midwest and northeast from a snowstorm in Nashua, New Hampshire.
The city's street department has been working to keep the
roads clear of snow. This man was out driving and
found things a bit difficult.
Speaker 3 (08:21):
It was raining, so the roads were already wet, and
then the snow just came up on top of it,
so you can't really see the black ice.
Speaker 7 (08:27):
New York City just got rained, but the Central Hudson
River Valley got about nine inches of snowfall. The Pennsylvania
police officer who arrested accused CEO killer Luigi Mangione appeared
in a New York City court. Officer Joseph Dettwiler testified
on day two of Mangione's hearing to bar New York
prosecutors from using evidence they say links him to the
(08:49):
murder of United Healthcare CEO Brian Thompson on Manhattan Street.
Officer Debtwiler testified he was skeptical about the tip about
a male who looks like the shooter, but as soon
as the man pulled down his max, the officers said,
I knew it was him immediately. Ed Wiler said MANGIONI
gave him a fake name in ID and claimed he
(09:10):
was homeless. The Trump administration says it will withhold funds
for administering snap food Aid and most Democratic controlled states
starting next week unless they provide data about those receiving
the assistance. Agriculture Secretary Brook Rollins said that the action
is looming because those states are refusing to provide requested
(09:31):
information about the recipients, including the names and immigration status,
but twenty.
Speaker 2 (09:36):
One states, including California, New York, and Minnesota Blue States
continued to say no.
Speaker 7 (09:43):
Secretary Rolin says it's necessary that states comply to root
out fraud in the program. Democratic states have sued to
block the requirement. Global News twenty four hours a day
and whenever you want it with Bloomberg News Now Michael
Barr and this is Bloomberg Herron.
Speaker 2 (09:58):
Thanks Michael. Time. Now there are Bloomberg Sports Update, and
for that we bring in John Stashauer.
Speaker 10 (10:04):
Thanks Karon. On Sunday, we'll find out who's going to
the college football Playoff. The committee says that as of now,
there'll be five SEC teams, three from the Big Ten,
and the buys go to Ohio State, Indiana, Georgia, and
Texas Tech. Alani Sataki decided to stay at BYU rather
than take the job at Penn State. Oklahoma City thunder
with a one twenty four to one to twelve win
(10:25):
at Golden State. Shay Gildess Alexander scored thirty eight points
the thunder that depended NBA Champs off to a twenty
one to one start. That's your Bloomberg Sports Update.
Speaker 2 (10:35):
Stay with us. More from Bloomberg day Break coming up
after this.
Speaker 1 (10:43):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
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Bloomberg Business opp This is Bloomberg Daybreak.
Speaker 3 (10:53):
Good morning, I'm Nathan Hager. Very useful, very informative. Those
are some of the words the Kremlin is using to
describe the latest talks between Russian President Vladimir Putin and
US envoys Steve Witkoff and Jared Kushner. Ukrainian President Vladimir
Lensky says he's waiting to hear the results. If I
feel phil that we can count on real specific dialogue,
(11:15):
not just wors with some result, we will admit. That
was Ukrainian President Vladimir Lenski speaking in Ireland ahead of
the nearly five hour talks in Moscow. Joining us for
more is Bloomberg Opinion columnist Mark Champion, Mark, Good morning.
Did we hear real specific action coming out of those talks?
Speaker 11 (11:34):
Good morning, good morning.
Speaker 10 (11:36):
No.
Speaker 11 (11:37):
In essence, the message all that we know about the
talks that so far has come from the Russian side
one of President Putin's advisors explain what went on, and
his message essentially was, you know, this was good, We
liked it, but there was no progress. We looked at
(11:57):
the plan that the Americans had, the old plan that's
been you know, made since the Russian American plan was
initially put forward. We looked at the altered plan, but
we were focused really on the kind of spirit of
the deal. We didn't get into the nitty gritty and
you know, and there's stuff in there. Some of it
(12:18):
we might be able to accept some of the changes,
but some of some big key things that we are not,
and we see quite negatively. So you know, it's pretty
clear there won't be a big summit between Trump and
put In to announce a deal anytime soon. Whether this
can actually move forward, it really depends on how the
(12:40):
Americans play it and whether there was any sign of
real movement from the Russians, because that initial deal with
the twenty eight points that the Russians still like to
sort of, you know, lean on, that one was really
poison for the Ukrainian side and for their European allies.
Speaker 3 (13:00):
We've heard from President Zelensky on X this morning saying
his Defense Secretary rustam Umrav is going to meet with
national security advisors to European leaders in Brussels today following
these discussions. Where is Europe in all this?
Speaker 11 (13:13):
Mark, Well, they're I mean, they are important in the
sense that Ukraine, you know, they're they're only Ukraine's only
true allies. At this point, the US has you know,
posed itself as a mediator between Russia and Ukraine, which
means it's distance itself from supporting Ukraine and it also
(13:38):
has its own interests. So you can see that, you know,
threaded through those twenty eight points, it's you know, there
are American profits to be made, American deals to be made.
If you look at who is negotiating the deal on
behalf of the Americans, it's a real estate developer, Steve Witkoff,
and then Jared Kushner, who is you know, a son
(13:59):
in law to the President but also primarily a businessman
and a lot you know. On the other side for
the Russian side, one of the key players in negotiate
and keep partner for Wikoff has been kirolled Dimitriev, who
runs the Russian Sovereign Wealth Fund. So this is you know,
on the Americans are trying to negotiate a deal that
(14:20):
resets relations in a way that's economically beneficial to the US.
The Ukrainian issue for them is secondary. It needs to
get dealt with, but it isn't actually the primary issue
for the Americans. It remains the primary issue for Europe
because Ukraine is a vital security interest for the Europeans
(14:41):
just because of geography.
Speaker 2 (14:44):
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Speaker 2 (15:17):
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Speaker 3 (15:30):
And I'm Nathan Hager. Join us again tomorrow morning for
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