November 24, 2025 • 15 mins
On today's podcast:
1) Ukrainian and US negotiators prepared an “updated and refined framework document on peace,” according to a top aide to President Volodymyr Zelenskiy, as Kyiv sought more favorable terms from a proposal backed by Donald Trump.
2) Global stocks advanced after a late Wall Street comeback on Friday as investors prepare for a week of key economic data amid rising expectations for a December US interest-rate cut.
3) Treasury Secretary Scott Bessent said the Trump administration is working on bringing down US health-care costs and an announcement to address the issue is planned for this week.
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Lisa Matteo. Here
are the top stories we're following today.
Speaker 3 (00:15):
Lisa, we begin with the latest on efforts to end
the war in Ukraine. A Secretary of State Marco Rubio
says a lot of progress has been made in talks
with Ukrainian officials in Geneva. The US is pressuring Ukraine
to accept a twenty eight point plan to end Russia's
war as a basis for negotiations. President Trump has said
Ukraine should take the deal by this Thursday, but Secretary
(00:36):
Rubio says that date is not set in stone.
Speaker 4 (00:38):
The deadline is we want to get this done as
soon as possible. Obviously, you know we'd love it to
be Thursday. We'd love to be Ultimately. The important point
today is that we have made substantial progress. We've really
moved forward. So I feel very optimistic that we're going
to get there in a very reasonable period of time,
very soon.
Speaker 3 (00:53):
Secretary of State Marco Rubio spoke alongside Ukraine Chief of
Staff andre Yermak in Geneva after preparing what they're both
called an updated and refined framework document on Peace. Bloomberg's
Oliver Krook reports more work may need to be done
to get Ukraine on board.
Speaker 5 (01:08):
There's really been a.
Speaker 6 (01:08):
Lot of pushback, particularly from the European side, to basically
not give any additional territory than the Russians are control
right now. There has been this push from the United
States to give the entirety of the Dawn Bass to
the Russians, which they do not currently control. That is
one of the points that really pushes back. But really
the most sort of irrelevant point and the most important
point for the Ukrainians is around this idea of security guarantees.
Speaker 3 (01:30):
Bloomberg's Oliver Krook reports Ukraine's looking for protection from the
US along the lines of NATO's Article five mutual Defense clause.
It's also rejecting Russia's demand that Ukraine give up unoccupied
territory in its East.
Speaker 2 (01:42):
Back in Washington, Nathan Treasury Secretary Scott Besson says President
Trump is focused on bringing costs down for Americans.
Speaker 7 (01:50):
We believe healthcare is going to come down.
Speaker 8 (01:52):
We will see an announcement this coming week on that,
and so across the board, prices are starting to come down.
Speaker 2 (02:00):
Treasury Secretary Scott Besson appeared on NBC's Meete the Press
Heard every Sunday right here in Bloomberg Radio. President Trump
has urged Republicans to come up with a plan by
January thirtieth. George Rush health insurance premiums that are set
to spike whin subsidies expire at the end of the year.
Political reports the White House is expected to announce a
two year extension to the subsidies, along with new income
(02:22):
caps to qualify that for the tax credits and minimum
premium payments.
Speaker 3 (02:26):
Let's turn to the markets now. Lisa futures are mainly
higher this morning as we kick off a holiday shortened
trading week. Stocks rallied Friday on optimism the Fed may
cut rates next month. Phil Blancato, chief market strategist at OAIAC,
is still.
Speaker 9 (02:41):
Concious valuations are true pricey, and some of the economic
data of the unknowns have put us in this very
wildly market. So I think we're in for a bit
more volatility, especially with some of the dates not lining
up as to when we're going to get new data
and when the next FED meeting is. So sadly, we're
feeling like twenty eighteen again and for those who don't
remember too in eighteen.
Speaker 5 (03:00):
December, it was a very difficult month.
Speaker 3 (03:03):
At Osaia's Phil Blancato, the SMP five hundred is down
three and a half percent in November well.
Speaker 2 (03:08):
Despite the recent pullback, Morgan Stanley remains bullish on stocks.
Strategist Mike Wilson says near term weakness offers an opportunity
to add long term exposure. In twenty twenty six, he
says the end of the correction is nearer than its beginning.
Wilson notes that despite a five percent drop in the
s and P five hundred, two thirds of the largest
one thousand stocks by market cap have seen more than
(03:31):
ten percent draw down a LISA.
Speaker 3 (03:33):
This training week ahead brings us some key earnings. To
get a preview of that from Bloomberg's Charlie Pellett.
Speaker 7 (03:38):
We'll be hearing from several more retailers, including Best Buy,
Dick's Sporting Goods, and Cohle's. Those reports come amid broader
market concerns about stretched valuations. Cameron Dawson is chief investment
officer at New Edge Wealth.
Speaker 10 (03:52):
At the end of the day, we have an environment
where earning vestments for twenty twenty five and twenty twenty
six continue to climb higher. As long as we're making
new highs in those earning vestiments, it does support stocks
to broadly move higher, and not without some chop and
volatility as we're experiencing now.
Speaker 7 (04:09):
Also reporting this week Workday, Dell HP and con Z
Scaler in New York, Charlie Pello, Bloomberg Radio.
Speaker 2 (04:16):
All right, thank you, Charlie. Shares of Ali Baba rose
five percent in Hong Kong. It's revamped AI tool QN
drew more than ten million downloads in the week after
its relaunch. Analyst say that bodes well for a longer
term effort to build a rival to open AI's check gbt.
Speaker 5 (04:32):
In your pleas. Shares of BHP Grouper little change. This morning.
Speaker 3 (04:35):
The mining giant has ended its attempt to acquire fellow
minor Anglo American for a second time. Bloomberg Mining and
Metals reporter Paul allen Hunt says the deal would have
been complicated.
Speaker 5 (04:45):
Well, this is it.
Speaker 11 (04:46):
It was never going to be easy. It certainly wasn't
going to be easy last year, and it wasn't going
to be easy this time. We don't have a lot
of days. Hello will say that at this point, but
we do know that it was script or shares and cash.
The premium that BEHP would have had to have offered
to get a real serious recognition from Anglo and have
(05:08):
a proper discussion would have been significantly higher.
Speaker 3 (05:11):
Bloomberg's Paul aland Hunt reports Anglo American rejected BHP's latest
approach after deciding it was not superior to its planned
tie up with smaller Canadian firm Tech Resources.
Speaker 2 (05:21):
All right, now to the latest on cryptocurrencies as we
begin the new trading riek. Right now, checking in with bitcoin,
it's down about two percent of just above eighty six thousand.
Speaker 12 (05:29):
Now.
Speaker 2 (05:30):
In President Trump's second term, crypto assets, they've transformed his
family's wealth. However, the family, well, they're getting a crash
course and the wild volatility associated with digital currencies. Bloomberg's
twa Adebayo reports.
Speaker 12 (05:43):
Shares of the president's bitcoin hoarding social media company are
near an all time low, and the value of a
Trump branded mean coin has fallen by about a quarter
since August, according to the Bloomberg Billionaires Index. The recent
losses are all part of a broader crypto crash that's
wiped nearly one billion from the first family's fortune since
early September. The Trumps own a growing portfolio of crypto ventures,
(06:08):
including intricate deals that go beyond straight bets on the
value of digital currencies, but its retail investors who backed
Trump linked projects that stand to lose the most from
the drawdown. For example, any speculator who bought Trump's mean
Cooin in its peak on inauguration weekend would have lost
almost the entire value of their investment by this month.
(06:31):
Despite the challenges, Eric Trump, the president's second born son,
has repeatedly urged investors to double down.
Speaker 5 (06:39):
In London.
Speaker 12 (06:40):
Tiwa at Abayo Bloomberg Radio.
Speaker 2 (06:45):
Time Now for a look at some of the other
stories making news in New York and around the world,
but that were joined by Bloomberg's Michael Barr.
Speaker 13 (06:51):
Good Morning, Michael, Good Morning, Lisa, New York. Mayori, like
Zoron Mamdani, is talking about a surprisingly friendly meeting Friday
with Donald Trump at the White House. Yesterday, Ma'm Donnie's
said he's feeling good coming out of that meeting, calling
it productive. On NBC's Meet the Press. Me'm donnie went
on to say In that meeting, it went back to
(07:13):
cost of living.
Speaker 14 (07:14):
I've said plainly and openly that I believe that these
are two tax proposals that make sense, increasing the personal
income taxes on New Yorkers making a million dollars or
more by just two percent, increasing the top corporate tax
rate to that match that of New Jersey. And what
I've also said is more important than how we fund something,
is that we fund something. And if there are additional
or alternate revenue streams to do so, I will accept
(07:35):
them and I will celebrate them, because the most important
thing is to actually deliver for the New Yorkers who
right now can't even conceive of having a family in
New York City.
Speaker 13 (07:43):
Ma'm Donnie also told Meet the Press or at Sundays
on Bloomberg although he still believes President Trump is a fascist,
he viewed their first face to face meeting as an
opportunity to work together on making New York more affordable.
Israel said it killed Bella's military Chief of General staff
in a rare air strike on Bey Route as an
(08:05):
almost year old ceasefire deal with the Lebanese government waivers
the Israeli army, says Abou Ali al Taptabb served as
a significant source of knowledge and influence within Hezbolah. Lebanon's
health ministry says the daylight attack left five people dead
and twenty eight injured. Volume at airports is expected to
(08:29):
pick up as Thanksgiving approaches. Triple A says more than
thirty one million people will fly between now and December one.
The holiday travel rush comes on the heels of the
longest government shutdown in US history. Speaking to ABC, Rico Walker,
who's been a TSA officer for twenty years, said he
and his colleagues are ready to go.
Speaker 5 (08:49):
Moral has upbeat again. Where you ready to do our mission?
Speaker 13 (08:53):
Ready to do our job.
Speaker 5 (08:54):
We're the best of what we do.
Speaker 13 (08:56):
The TSA's Rico Walker also had a message for travelers.
Pack you payations, there will be lines and there will
be wait times. Global news twenty four hours a day
and whenever you want it with Bloomberg News Now. I'm
Michael Barm and this is Bloomberg Lisa.
Speaker 2 (09:12):
Thanks Michael. Time now for our Bloomberg sports update, and
for that we bring in John stash Hour.
Speaker 8 (09:17):
The best record of the NFL belongs to the New
England Patriots at ten and two a nine game winning straight.
The Pats won twenty six to twenty at Cincinnati. The
best of the NFC belonging to the La Rams, who
last night blew out Tampa Bay thirty four to seven
by Matthew Stafford. The Rams are nine and two. The
Eagles were looking like they'd be nine and two. They
had a twenty one to nothing lead in Dallas. The
(09:38):
Cowboys came back to win twenty four twenty one. Baseball
trade the Mets at longtime outfielder Brandon Nemo to Texas
for infielder Marcus Simeon. That's your Bloomberg Sports update.
Speaker 3 (09:49):
Stay with us. More from Bloomberg Daybreak coming up after.
Speaker 1 (09:52):
This Coast to coast on Bloomberg Radio, wide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business Apple. This is Bloomberg Daybreak.
Speaker 5 (10:07):
Good morning, I'm Nathan Hager.
Speaker 3 (10:09):
Secretary of State Marco Rubio is reporting a lot of
progress and efforts to end the war in Ukraine after
a weekend of talks in Geneva, but with the US
pressure Ukraine to accept a peace deal this week, Rubio
says the process isn't over yet.
Speaker 4 (10:22):
It is probably the most productive day we have had
on this issue, maybe in the entirety of our engagement,
but certainly in a very long time. But work remains.
Speaker 3 (10:31):
That was Secretary of State Marco Rubio following those talks
in Switzerland and joining us this morning from Brussels is
Bloomberg's Oliver Crook. Oliver, good morning. Catch us up on
what progress was made over the weekend. President Trump was
talking about Ukraine accepting a deal by Thanksgiving. Is that
still on the table?
Speaker 6 (10:49):
Yeah, I think the Thanksgiving deadline is a bit shifting
at this point. I think that there is an acknowledgment
that actually this is an extremely complicated process that is
dealing with a great many different facets, including security guarante
that could be sort of NATO like and style Article five,
and that obviously is one of the most delicate issues
you can touch anywhere in the world, about whether or
not you're going to engage militarily with somebody in case
(11:11):
the rules of a certain agreement are violated. So those
are still things that a very much need to be
worked out. It is obviously the ambition of the Trump
administration to bring extreme pressure to bear on the Ukrainians
to basically get them talking more openly about things that
they were basically drawing red lines are on. And I
think that he's probably been successful to a degree because
of that plan, and that plan that came out last
(11:33):
week twenty eight point plan, I have to tell you,
made for extremely poor reading here in Brussels and in Kiev,
every sort of minister you talk to. Obviously, it's sidelined
the Europeans completely, while at the same time imposing on
Europe not just Ukraine, talking about defense architecture outside of Ukraine,
beyond saying that, for example, one of the articles was
that NATO will not accept any additional members That does
(11:55):
not mean just Ukraine, that means anybody else. So obviously
those were things that the Europeans are acted very poorly to.
And we should say that the Europeans, I think, are
learning in twenty twenty five that if you want to
see at the table with the Trump administration, you need
to earn it, and there are ways in which they
have failed to do so for this whole year.
Speaker 3 (12:11):
So then how are the Europeans trying to get that
seat back at the table.
Speaker 5 (12:14):
What efforts are they making?
Speaker 6 (12:16):
So that was the conversation I just had with the
Lithuanian Foreign Minister just a couple of minutes ago, who
acknowledged this fact. And the one thing that the Europeans
can do and they have failed to do to this point,
is basically get into those Russian assets. There are one
hundred and forty billion euros worth of Russian assets that
are sitting here in Belgium, sitting in euroclear The twenty
seven leaders of the European Union member states have not
(12:39):
been able to get under agreement on how to basically
unlock the proceeds from those assets and those assets themselves
alone against them, and that has been what they've been
bickering about four weeks. And basically those Russian assets were
discussed in that twenty eight point plan. The United States
had different ideas about what to do with that money.
So the question is are those assets now off the
table or is this the moment that europe needs to
(12:59):
take in to bring that leverage to bear. I mean,
imagine the difference in terms of the Ukraine's negotiating position
having zero dollars in the bank and having one hundred
and forty billion euros available to basically fund their military
for the next two years, it is a completely different calculus.
Speaker 3 (13:13):
So then is this part of that revised and updated
piece framework that Secretary Rubio and the Ukrainian Chief of
Staff say that they worked out following those weekend talks.
Speaker 6 (13:23):
So I think the thing that's really difficult, Nathan, about
these peace negotiations when you're trying to understand where they
actually are until you actually see the document, as we
did last year, the twenty eight point plan. The problem
for the Europeans and the Ukrainians is that no one
can be very honest or transparent about how they actually
feel about this document until you actually see the points, right,
Because if you've learned anything about the Trump administration, the
(13:44):
golden rule is do not criticize them. Do not say
you don't like the plan, don't say it's a non starter.
You say, yes, we think this is a great framework,
and this is how we would like to change it.
So I think at this stage, until we actually see
a revised draft of this proposal, it's going to be
hard to say how close those positions are to being bridge.
To say nothing of the fact that the Russians still
have not had their input into the sort of latest
part of the discussions. And that will of course be
(14:06):
the Ukrainian and the European method here and trying to
convince Donald Trump that once again it's actually Putin who
is the obstacle to piece non Zelensky in the Europeans.
Whether or not he'll we'll be able to convince Trump
is an entirely different question.
Speaker 3 (14:19):
This is Bloomberg Daybreak, your morning podcast on the story's
making news from Wall Street to Washington and beyond.
Speaker 2 (14:26):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3 (14:32):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two to nine in Boston, and nationwide on
Sirius XM Channel one twenty one.
Speaker 2 (14:46):
Plus listen coast to coast on the Bloomberg Business app
Now with Apple CarPlay and Android Auto Winterfaces.
Speaker 3 (14:52):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast platform.
Speaker 5 (15:02):
To stay informed all day long. I'm Nathan Hager.
Speaker 2 (15:05):
And I'm Lisa Matteo. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2 (00:10):
Good morning, I'm Nathan Hager and I'm Lisa Matteo. Here
are the top stories we're following today.
Speaker 3 (00:15):
Lisa, we begin with the latest on efforts to end
the war in Ukraine. A Secretary of State Marco Rubio
says a lot of progress has been made in talks
with Ukrainian officials in Geneva. The US is pressuring Ukraine
to accept a twenty eight point plan to end Russia's
war as a basis for negotiations. President Trump has said
Ukraine should take the deal by this Thursday, but Secretary
(00:36):
Rubio says that date is not set in stone.
Speaker 4 (00:38):
The deadline is we want to get this done as
soon as possible. Obviously, you know we'd love it to
be Thursday. We'd love to be Ultimately. The important point
today is that we have made substantial progress. We've really
moved forward. So I feel very optimistic that we're going
to get there in a very reasonable period of time,
very soon.
Speaker 3 (00:53):
Secretary of State Marco Rubio spoke alongside Ukraine Chief of
Staff andre Yermak in Geneva after preparing what they're both
called an updated and refined framework document on Peace. Bloomberg's
Oliver Krook reports more work may need to be done
to get Ukraine on board.
Speaker 5 (01:08):
There's really been a.
Speaker 6 (01:08):
Lot of pushback, particularly from the European side, to basically
not give any additional territory than the Russians are control
right now. There has been this push from the United
States to give the entirety of the Dawn Bass to
the Russians, which they do not currently control. That is
one of the points that really pushes back. But really
the most sort of irrelevant point and the most important
point for the Ukrainians is around this idea of security guarantees.
Speaker 3 (01:30):
Bloomberg's Oliver Krook reports Ukraine's looking for protection from the
US along the lines of NATO's Article five mutual Defense clause.
It's also rejecting Russia's demand that Ukraine give up unoccupied
territory in its East.
Speaker 2 (01:42):
Back in Washington, Nathan Treasury Secretary Scott Besson says President
Trump is focused on bringing costs down for Americans.
Speaker 7 (01:50):
We believe healthcare is going to come down.
Speaker 8 (01:52):
We will see an announcement this coming week on that,
and so across the board, prices are starting to come down.
Speaker 2 (02:00):
Treasury Secretary Scott Besson appeared on NBC's Meete the Press
Heard every Sunday right here in Bloomberg Radio. President Trump
has urged Republicans to come up with a plan by
January thirtieth. George Rush health insurance premiums that are set
to spike whin subsidies expire at the end of the year.
Political reports the White House is expected to announce a
two year extension to the subsidies, along with new income
(02:22):
caps to qualify that for the tax credits and minimum
premium payments.
Speaker 3 (02:26):
Let's turn to the markets now. Lisa futures are mainly
higher this morning as we kick off a holiday shortened
trading week. Stocks rallied Friday on optimism the Fed may
cut rates next month. Phil Blancato, chief market strategist at OAIAC,
is still.
Speaker 9 (02:41):
Concious valuations are true pricey, and some of the economic
data of the unknowns have put us in this very
wildly market. So I think we're in for a bit
more volatility, especially with some of the dates not lining
up as to when we're going to get new data
and when the next FED meeting is. So sadly, we're
feeling like twenty eighteen again and for those who don't
remember too in eighteen.
Speaker 5 (03:00):
December, it was a very difficult month.
Speaker 3 (03:03):
At Osaia's Phil Blancato, the SMP five hundred is down
three and a half percent in November well.
Speaker 2 (03:08):
Despite the recent pullback, Morgan Stanley remains bullish on stocks.
Strategist Mike Wilson says near term weakness offers an opportunity
to add long term exposure. In twenty twenty six, he
says the end of the correction is nearer than its beginning.
Wilson notes that despite a five percent drop in the
s and P five hundred, two thirds of the largest
one thousand stocks by market cap have seen more than
(03:31):
ten percent draw down a LISA.
Speaker 3 (03:33):
This training week ahead brings us some key earnings. To
get a preview of that from Bloomberg's Charlie Pellett.
Speaker 7 (03:38):
We'll be hearing from several more retailers, including Best Buy,
Dick's Sporting Goods, and Cohle's. Those reports come amid broader
market concerns about stretched valuations. Cameron Dawson is chief investment
officer at New Edge Wealth.
Speaker 10 (03:52):
At the end of the day, we have an environment
where earning vestments for twenty twenty five and twenty twenty
six continue to climb higher. As long as we're making
new highs in those earning vestiments, it does support stocks
to broadly move higher, and not without some chop and
volatility as we're experiencing now.
Speaker 7 (04:09):
Also reporting this week Workday, Dell HP and con Z
Scaler in New York, Charlie Pello, Bloomberg Radio.
Speaker 2 (04:16):
All right, thank you, Charlie. Shares of Ali Baba rose
five percent in Hong Kong. It's revamped AI tool QN
drew more than ten million downloads in the week after
its relaunch. Analyst say that bodes well for a longer
term effort to build a rival to open AI's check gbt.
Speaker 5 (04:32):
In your pleas. Shares of BHP Grouper little change. This morning.
Speaker 3 (04:35):
The mining giant has ended its attempt to acquire fellow
minor Anglo American for a second time. Bloomberg Mining and
Metals reporter Paul allen Hunt says the deal would have
been complicated.
Speaker 5 (04:45):
Well, this is it.
Speaker 11 (04:46):
It was never going to be easy. It certainly wasn't
going to be easy last year, and it wasn't going
to be easy this time. We don't have a lot
of days. Hello will say that at this point, but
we do know that it was script or shares and cash.
The premium that BEHP would have had to have offered
to get a real serious recognition from Anglo and have
(05:08):
a proper discussion would have been significantly higher.
Speaker 3 (05:11):
Bloomberg's Paul aland Hunt reports Anglo American rejected BHP's latest
approach after deciding it was not superior to its planned
tie up with smaller Canadian firm Tech Resources.
Speaker 2 (05:21):
All right, now to the latest on cryptocurrencies as we
begin the new trading riek. Right now, checking in with bitcoin,
it's down about two percent of just above eighty six thousand.
Speaker 12 (05:29):
Now.
Speaker 2 (05:30):
In President Trump's second term, crypto assets, they've transformed his
family's wealth. However, the family, well, they're getting a crash
course and the wild volatility associated with digital currencies. Bloomberg's
twa Adebayo reports.
Speaker 12 (05:43):
Shares of the president's bitcoin hoarding social media company are
near an all time low, and the value of a
Trump branded mean coin has fallen by about a quarter
since August, according to the Bloomberg Billionaires Index. The recent
losses are all part of a broader crypto crash that's
wiped nearly one billion from the first family's fortune since
early September. The Trumps own a growing portfolio of crypto ventures,
(06:08):
including intricate deals that go beyond straight bets on the
value of digital currencies, but its retail investors who backed
Trump linked projects that stand to lose the most from
the drawdown. For example, any speculator who bought Trump's mean
Cooin in its peak on inauguration weekend would have lost
almost the entire value of their investment by this month.
(06:31):
Despite the challenges, Eric Trump, the president's second born son,
has repeatedly urged investors to double down.
Speaker 5 (06:39):
In London.
Speaker 12 (06:40):
Tiwa at Abayo Bloomberg Radio.
Speaker 2 (06:45):
Time Now for a look at some of the other
stories making news in New York and around the world,
but that were joined by Bloomberg's Michael Barr.
Speaker 13 (06:51):
Good Morning, Michael, Good Morning, Lisa, New York. Mayori, like
Zoron Mamdani, is talking about a surprisingly friendly meeting Friday
with Donald Trump at the White House. Yesterday, Ma'm Donnie's
said he's feeling good coming out of that meeting, calling
it productive. On NBC's Meet the Press. Me'm donnie went
on to say In that meeting, it went back to
(07:13):
cost of living.
Speaker 14 (07:14):
I've said plainly and openly that I believe that these
are two tax proposals that make sense, increasing the personal
income taxes on New Yorkers making a million dollars or
more by just two percent, increasing the top corporate tax
rate to that match that of New Jersey. And what
I've also said is more important than how we fund something,
is that we fund something. And if there are additional
or alternate revenue streams to do so, I will accept
(07:35):
them and I will celebrate them, because the most important
thing is to actually deliver for the New Yorkers who
right now can't even conceive of having a family in
New York City.
Speaker 13 (07:43):
Ma'm Donnie also told Meet the Press or at Sundays
on Bloomberg although he still believes President Trump is a fascist,
he viewed their first face to face meeting as an
opportunity to work together on making New York more affordable.
Israel said it killed Bella's military Chief of General staff
in a rare air strike on Bey Route as an
(08:05):
almost year old ceasefire deal with the Lebanese government waivers
the Israeli army, says Abou Ali al Taptabb served as
a significant source of knowledge and influence within Hezbolah. Lebanon's
health ministry says the daylight attack left five people dead
and twenty eight injured. Volume at airports is expected to
(08:29):
pick up as Thanksgiving approaches. Triple A says more than
thirty one million people will fly between now and December one.
The holiday travel rush comes on the heels of the
longest government shutdown in US history. Speaking to ABC, Rico Walker,
who's been a TSA officer for twenty years, said he
and his colleagues are ready to go.
Speaker 5 (08:49):
Moral has upbeat again. Where you ready to do our mission?
Speaker 13 (08:53):
Ready to do our job.
Speaker 5 (08:54):
We're the best of what we do.
Speaker 13 (08:56):
The TSA's Rico Walker also had a message for travelers.
Pack you payations, there will be lines and there will
be wait times. Global news twenty four hours a day
and whenever you want it with Bloomberg News Now. I'm
Michael Barm and this is Bloomberg Lisa.
Speaker 2 (09:12):
Thanks Michael. Time now for our Bloomberg sports update, and
for that we bring in John stash Hour.
Speaker 8 (09:17):
The best record of the NFL belongs to the New
England Patriots at ten and two a nine game winning straight.
The Pats won twenty six to twenty at Cincinnati. The
best of the NFC belonging to the La Rams, who
last night blew out Tampa Bay thirty four to seven
by Matthew Stafford. The Rams are nine and two. The
Eagles were looking like they'd be nine and two. They
had a twenty one to nothing lead in Dallas. The
(09:38):
Cowboys came back to win twenty four twenty one. Baseball
trade the Mets at longtime outfielder Brandon Nemo to Texas
for infielder Marcus Simeon. That's your Bloomberg Sports update.
Speaker 3 (09:49):
Stay with us. More from Bloomberg Daybreak coming up after.
Speaker 1 (09:52):
This Coast to coast on Bloomberg Radio, wide on Sirius XM,
and around the world on Bloomberg dot Com and the
Bloomberg Business Apple. This is Bloomberg Daybreak.
Speaker 5 (10:07):
Good morning, I'm Nathan Hager.
Speaker 3 (10:09):
Secretary of State Marco Rubio is reporting a lot of
progress and efforts to end the war in Ukraine after
a weekend of talks in Geneva, but with the US
pressure Ukraine to accept a peace deal this week, Rubio
says the process isn't over yet.
Speaker 4 (10:22):
It is probably the most productive day we have had
on this issue, maybe in the entirety of our engagement,
but certainly in a very long time. But work remains.
Speaker 3 (10:31):
That was Secretary of State Marco Rubio following those talks
in Switzerland and joining us this morning from Brussels is
Bloomberg's Oliver Crook. Oliver, good morning. Catch us up on
what progress was made over the weekend. President Trump was
talking about Ukraine accepting a deal by Thanksgiving. Is that
still on the table?
Speaker 6 (10:49):
Yeah, I think the Thanksgiving deadline is a bit shifting
at this point. I think that there is an acknowledgment
that actually this is an extremely complicated process that is
dealing with a great many different facets, including security guarante
that could be sort of NATO like and style Article five,
and that obviously is one of the most delicate issues
you can touch anywhere in the world, about whether or
not you're going to engage militarily with somebody in case
(11:11):
the rules of a certain agreement are violated. So those
are still things that a very much need to be
worked out. It is obviously the ambition of the Trump
administration to bring extreme pressure to bear on the Ukrainians
to basically get them talking more openly about things that
they were basically drawing red lines are on. And I
think that he's probably been successful to a degree because
of that plan, and that plan that came out last
(11:33):
week twenty eight point plan, I have to tell you,
made for extremely poor reading here in Brussels and in Kiev,
every sort of minister you talk to. Obviously, it's sidelined
the Europeans completely, while at the same time imposing on
Europe not just Ukraine, talking about defense architecture outside of Ukraine,
beyond saying that, for example, one of the articles was
that NATO will not accept any additional members That does
(11:55):
not mean just Ukraine, that means anybody else. So obviously
those were things that the Europeans are acted very poorly to.
And we should say that the Europeans, I think, are
learning in twenty twenty five that if you want to
see at the table with the Trump administration, you need
to earn it, and there are ways in which they
have failed to do so for this whole year.
Speaker 3 (12:11):
So then how are the Europeans trying to get that
seat back at the table.
Speaker 5 (12:14):
What efforts are they making?
Speaker 6 (12:16):
So that was the conversation I just had with the
Lithuanian Foreign Minister just a couple of minutes ago, who
acknowledged this fact. And the one thing that the Europeans
can do and they have failed to do to this point,
is basically get into those Russian assets. There are one
hundred and forty billion euros worth of Russian assets that
are sitting here in Belgium, sitting in euroclear The twenty
seven leaders of the European Union member states have not
(12:39):
been able to get under agreement on how to basically
unlock the proceeds from those assets and those assets themselves
alone against them, and that has been what they've been
bickering about four weeks. And basically those Russian assets were
discussed in that twenty eight point plan. The United States
had different ideas about what to do with that money.
So the question is are those assets now off the
table or is this the moment that europe needs to
(12:59):
take in to bring that leverage to bear. I mean,
imagine the difference in terms of the Ukraine's negotiating position
having zero dollars in the bank and having one hundred
and forty billion euros available to basically fund their military
for the next two years, it is a completely different calculus.
Speaker 3 (13:13):
So then is this part of that revised and updated
piece framework that Secretary Rubio and the Ukrainian Chief of
Staff say that they worked out following those weekend talks.
Speaker 6 (13:23):
So I think the thing that's really difficult, Nathan, about
these peace negotiations when you're trying to understand where they
actually are until you actually see the document, as we
did last year, the twenty eight point plan. The problem
for the Europeans and the Ukrainians is that no one
can be very honest or transparent about how they actually
feel about this document until you actually see the points, right,
Because if you've learned anything about the Trump administration, the
(13:44):
golden rule is do not criticize them. Do not say
you don't like the plan, don't say it's a non starter.
You say, yes, we think this is a great framework,
and this is how we would like to change it.
So I think at this stage, until we actually see
a revised draft of this proposal, it's going to be
hard to say how close those positions are to being bridge.
To say nothing of the fact that the Russians still
have not had their input into the sort of latest
part of the discussions. And that will of course be
(14:06):
the Ukrainian and the European method here and trying to
convince Donald Trump that once again it's actually Putin who
is the obstacle to piece non Zelensky in the Europeans.
Whether or not he'll we'll be able to convince Trump
is an entirely different question.
Speaker 3 (14:19):
This is Bloomberg Daybreak, your morning podcast on the story's
making news from Wall Street to Washington and beyond.
Speaker 2 (14:26):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.
Speaker 3 (14:32):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg ninety two to nine in Boston, and nationwide on
Sirius XM Channel one twenty one.
Speaker 2 (14:46):
Plus listen coast to coast on the Bloomberg Business app
Now with Apple CarPlay and Android Auto Winterfaces.
Speaker 3 (14:52):
And don't forget to subscribe to Bloomberg News Now. It's
the latest news whenever you want it in five minutes
or less. Search Bloomberg News Now on your favorite podcast platform.
Speaker 5 (15:02):
To stay informed all day long. I'm Nathan Hager.
Speaker 2 (15:05):
And I'm Lisa Matteo. Join us again tomorrow morning for
all the news you need to start your day right
here on Bloomberg Daybreak
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.