All Episodes

June 2, 2025 • 17 mins

On today's podcast:
1) Ukraine staged a series of strikes across Russia, deploying drones hidden in trucks to hit strategic airfields, damaging over 40 Russian aircraft and causing losses of at least $2 billion. Russia launched a drone and missile attack against Kyiv, killing at least 12 people, and Ukraine's Ground Forces Commander announced his resignation due to the casualties. The incidents occurred ahead of crucial peace talks in Turkey, where delegations from Moscow and Kyiv will discuss issues including a full and unconditional ceasefire, prisoner release, and the return of abducted children.


2) The FBI is investigating what they call a 'targeted terror attack' in Boulder, Colorado. Eight people were injured in an attack on a Colorado event supporting Israeli hostages in Gaza, with a suspect arrested and identified as 45-year-old Mohamed Sabry Soliman. The attacker used a makeshift flamethrower and incendiary device, yelling "Free Palestine" during the incident, which the FBI is investigating as an act of terrorism.


3) A nationalist candidate backed by President Trump wins Poland's presidential election. Karol Nawrocki won Poland's presidential election with 50.9% of the vote, defeating centrist Rafal Trzaskowski. Nawrocki's victory gives his party, the opposition Law & Justice, a powerful lever to stymie Prime Minister Donald Tusk's agenda and complicates Poland's role in the EU.

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Episode Transcript

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Speaker 1 (00:00):
Bloomberg Audio Studios, Podcasts, radio News.

Speaker 2 (00:09):
Good morning, I'm Lisa Matteo and I'm Karen Moscow. Here
are the stories we're following today.

Speaker 3 (00:15):
We begin with the latest development in the war in Ukraine,
Moscow and Kiev. They are preparing to send delegations to
Turkey for a second round of peace talks today, and
this comes after a Ukrainian drone attack destroyed more than
forty Russian planes deep in Russia's territory. Ukraine claims the
operation caused losses totaling at least two billion dollars. Here's

(00:35):
President Vladimir Zelinsky speaking through an interpreter Rajal.

Speaker 4 (00:39):
Thirty four percent of the strategic cruise missile carriers stationed
at air bases were head Our personnel operated across multiple
Russian regions in three different time zones, and the people
who assisted us were withdrawn from Russian territory before the operation.
They are now safe.

Speaker 3 (00:59):
Zelensky Commons came as this country also came under one
of the longest barrages from Russian missiles and drones on Sunday.

Speaker 2 (01:06):
Now, Lisa, another major story that we're following this morning.
Eight people have been injured in an attack at an
event for Israeli hostages in Colorado. Officials say the suspect,
forty five year old Mohammed sanbre Soloman, shot at Free
Palestine and threw an incendiary device into the crowd during
the attack. In the city of Boulder, local police chief

(01:27):
Stephen Redfern says the neighborhood will stand strong.

Speaker 5 (01:30):
Older is not immune to tragedy sadly, and I know
a lot of people are scared right now. A lot
of people are upset and questioning how this happened and why.
All I know is Boulder has recovered before from acts
of violence and we will again.

Speaker 2 (01:47):
Boulder Police Chief Stephen Redfern says the age victims who
were wounded range in age from fifty two to eighty eight,
and the injuries span from serious to minor.

Speaker 3 (01:57):
Karen in Europe, a nationalist candidate back by Donald Trump
one Poland's presidential election, Carol Nevrotsky, who has no previous
political experience, defeated the centrist mayor of Warsaw in a
blow to the country's pro European Union government. Bloomberg's Oliver
Crook is covering the election in Warsaw.

Speaker 6 (02:15):
I think there are also much larger implications beyond Poland.
For this, I mean, let's not lose sight of the
fact that the EU is currently engaged in a trade
war trade diplomacy with the United States, and what the
EU really wanted was more solidarity and they did not
want a sort of prominent nation a protagonists within Europe,
basically undermining the unity within Europe and electing somebody who

(02:36):
is really sort of very EU skeptical.

Speaker 3 (02:38):
Bloomberg's Oliver Crook says Carol Nevrotsky won fifty point nine
percent while Rafael Tevskovsky won forty nine point one percent.

Speaker 2 (02:45):
Well, these attentions maybe escalating between China and the US.
China is now accusing the US of violating their recent
trade deal and vows to take measures to defend its interest.
The Chinese Ministry at Commerce is rebuking President Trump's claim
on Friday that Beijing breached the consensus reached in Geneva
last month. Still, the director of the White House National
Economic Council, Kevin Hassett, believes that two leaders could talk

(03:09):
this week.

Speaker 4 (03:10):
We expect it's going to have a wonderful conversation about
the trade negotiations this week. With President She that's our expectation.

Speaker 7 (03:17):
But the bottomlight is that we've got to be ready
in case things don't happen the way we want.

Speaker 2 (03:22):
The White House National Economic Council is Kevin Hasset spoke
on ABC's This We Catch the program Sundays right here
on Bloomberg Radio, Well Karen.

Speaker 3 (03:30):
Treasury Secretary Scott Bessend also made the rounds on the
Sunday talk shows. He spoke with CBS's Face the Nation
also heard right here on Bloomberg Radio about the federal
debt ceiling.

Speaker 8 (03:39):
The United States of America is never going to default,
that is never going to happen. That we are on
the warning track and we will never hit the wall now.

Speaker 3 (03:49):
Treasury Secretary Scott Besson declined to specify an X date
for when the Treasury will run out of cash. Republican
congressional leaders have attached an increase in the debt limit
to President Trump's tax and spending bill, which potentially puts
avoiding a default at the mercy of complex negotiations over
the legislation.

Speaker 2 (04:07):
Lisa General Electric is passing on additional charges caused by
President Trump's tariffs. The world's largest aircraft engine maker has
about five hundred million dollars in residual cost challenges coming
from the tariffs. Chief executive Larry Kulps spoke earlier this
morning with The Bloomberg's Guy Johnson in New Delhi.

Speaker 8 (04:25):
We've been advocating for is a return to where we
were on the heels of nineteen seventy nine Civil Aviation Agreement,
which really provided terror free trade. Yeah, amongst all the signatories,
that was a positive for the US aerospace industry. I
think that is why the US enjoys a seventy five
billion dollar annual trade surplus today. But we'll see how

(04:47):
that plays out. There's a series of bilateral negotiations that
are active.

Speaker 2 (04:50):
GEE chief executive Larry Kolb says he is in close
contact with the company's supplied chain and would like the
industry to speak with a unified voice to achieve a
duty free regime.

Speaker 3 (05:02):
Mean, while the global airline industry is scaling back its
profit outlook because of the trade tensions, the International Air
Transport Association now expects the industry to earn a collective
thirty six billion dollars this year. The new forecast is
about six hundred million dollars less than its previous forecasts.
At the end of last year, the North American market
is expected to see the highest total profit contribution at

(05:25):
twelve point seven billion, followed by Europe.

Speaker 7 (05:28):
Thanks.

Speaker 2 (05:28):
So let's turn to the markets now and again. Futures
are lower as we kick off the trading week. As
we mentioned, China and the US are accusing each other
of violating a trade deal concluded last month. President Trump
also said he would double tariffs on steel and aluminum imports,
and the dollar may be in for more pain ahead.
We get that story with the Bloomberg's John Tucker, John

(05:49):
Good Morning.

Speaker 9 (05:50):
Yeah, Good morning. Karen Morgan Stanley predicts in a year
from now, the dollar is going to tumble to levels
last scene during the pandemic. Basically the US Dollar index
following about nine percent well. The Morgan Stanley report is
adding to a chorus of voices question the outlook for
the dollar as traders and analysts way President Trump's disruptive
approach to trade. The US Dollar Index has dropped just

(06:12):
about ten percent since a February peak because the President's
trade policies dense sentiment on US assets and trigger a
rethink on the world's reliance on the greenback. As a result,
in the US prices of importing goods, they're expected a rise.

Speaker 2 (06:26):
Well.

Speaker 9 (06:27):
The cheaper dollar means American experts could become more attractive
to customers overseas. The US dollar is the closest thing
there is to a global currency. It's the cornerstone of
international finance and the payment method of choice for more
international transactions than any other currency. Of this morning, dollar
DXY down about six tenths of a percent in New York.

(06:47):
I'm John Tucker, Bloomberg Radio.

Speaker 3 (06:49):
All right, thank you John. In Dale News. French drug
maker Sanafie it's agreed to buy Cambridge, Massachusetts based Blueprint Medicines.
Now the price tag more than nine point one billion dollars.

Speaker 2 (07:03):
Time now for look at some of their stories making
news in New York and around the world. And for
that we're joined by Bloomberg's Michael Barr.

Speaker 10 (07:09):
Michael, good Morning, Good Morning Karen. In Massachusetts, protests were
held at Milford Town Hall after an eighteen year old
was detained by a federal immigration agents over the weekend
as he drove to volleyball practice off campus. Friends and
relatives who have only identified him as Marcelo are upset.

(07:29):
His girlfriend is rallying support for the student athlete.

Speaker 11 (07:33):
He is not a criminal, He's a member of his
community and he's never done anything wrong.

Speaker 10 (07:42):
Meanwhile, Nick Mulinari, president of the Milford Teachers Association, called
it a moral unnecessary and should be universally condemned. Over
the weekend, President Trump withdrew his nomination for Jeric Isaacman
to be the next NASA administrator after learning that Isaacman
had donated it to Democrats. Isaac manh is a close

(08:02):
ally of Elon Musk, who announced last week he's leaving
his role in Washington. A former personal assistant to Sean Diddy, Combs,
who claims the rap mogul raped her, will face further
crossing examination at his sex trafficking trial today. Meanwhile, President
Trump did not rule out a pardon for Combs at
the White House. Former federal prosecutor and former New Jersey

(08:25):
Governor Chris Christie. Never before we have we seen a
president who makes it a gate to get into a
pardon to be a political supporter of his A vocal
current political supporter, Chris Christie, spoke to ABC. They honored
the lives of nine to eleven first responders. Thousands of
runners participated in the annual Tunnel to Towers climb at

(08:46):
one World Trade Center in New York City Sunday morning.
Runners included Michael Burke, the brother of FDNY Captain Billy Burke,
one of the three hundred and forty three firefighters killed
in the nine to eleven attack.

Speaker 12 (08:58):
I think I've been all my brother Billy. You know
that day he told his man to keep going right
behind you. So that's where I was thinking, throwing up
those stairs. Just keep going, keep going going. Quite he
never stopped, made sure his man got out, and he's
always trying to get more out.

Speaker 10 (09:14):
Global news twenty four hours a day, and whenever you
wanted with the Bloomberg News. Now Michael Barr, and this
is Bloomberg Keern.

Speaker 2 (09:20):
All right, Michael Barr, thank you time now for the
Bloomberg Sports Update. Here's John stash Hour. John, good morning,
Good morning.

Speaker 1 (09:31):
Can The Yankees haven't been swept in a series all season.
They lost the first two to the Dodgers, but after
that eighteen to two drubbing Senteray, they salvage one last night,
winning in LA seven to three behind another strong adding
from Ryan Yarborough six innings, gave up just to run
four hits. He's three and oh as Era is under three.
The Yanks win six and three on the road trip.
Come home play Cleveland tomorrow. It's the Mets who play

(09:53):
at Dodgers Stadium. Tonight at City Field, Mets trailed the
Rockies one upping and.

Speaker 4 (09:58):
A lot so it hits going in the year. The
backtos Freeman the flap.

Speaker 6 (10:02):
Year time.

Speaker 11 (10:06):
Field Way for three one four, the.

Speaker 1 (10:09):
Mets for three to one, and I said one later
home runs by Francisco Lindora and Juan Soto. Mets won
five to three, which makes Colorado's record nine and fifty.
Rockies are on pace to lose one hundred and thirty
seven games, which would shatter the record. The Red Soots
one three one in Atlanta. The Nationals lost three to
one at Arizona. The Liberty now seven to zero after

(10:30):
beating the Sun by forty eight points, second most lopsided
win in w NBA history. The Moreal Golf in Ohio
won by who else? Scottie Scheffler had won bogie in
his last forty holes, finished ten hunder part one by four.
This is the tournament run by Jack Nicholas. He was
asked about Scheffler.

Speaker 13 (10:49):
You want to learn brag about what he does, but
he has the ability to bring his level to whatever
level it needs to be. That's what good players do
and is not good players are great players. I need
you to Colick the record that he has had the
last few years. It's unbelievable.

Speaker 1 (11:05):
In Wisconsin, they played the US Women's Open. The Swede
Maya Stark won by two over world number one Nellie Corda,
whose brother lost in the third round of the French Open.
But two Americans are into the men's quarterfinals in Paris,
and none had been since Andre Agassi in two thousand
and three. Straight set wins of the fourth round for
both Tommy Paul and Francis Tiapa. John Starshewer Bloomberg sports Ken.

Speaker 2 (11:27):
All right, John, thank you. And futures are lower this morning.
SMP futures down six tensive percent on thirty five points down.
Futures down half percent or two hundred and fourteen points.
Nasday futures down eight tens of up percent or one
hundred and sixty five points. Ten year Treasury yield four
point four to three percent.

Speaker 11 (11:44):
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.

Speaker 3 (11:56):
It is five point thirteen on Wall Street. Drone strikes
ramp up in US, Ukraine and Russia. Head of crucial
peace talks this week, an attack and an event for
Israeli hostages in Colorado. Here to tell us the very
latest on these world events is Bloomberg News Global Business
editor Josh Kalud. Have to start with Ukraine. They staged
this dramatic series of strikes across Russia around the same

(12:16):
time you had Moscow launched one of its longest drone
missile strikes against Kiev. What were the targets and how
bad is the damage?

Speaker 7 (12:24):
The damage appears to be pretty significant. Ukraine launched a
very widespread attack with drones and it reached all the
way into eastern Siberia, which is clearly meant to be
a signal of how capable they are of inflicting damage
going forward. That's certainly a disincentive to Russia to keep

(12:45):
this thing going on. They targeted mainly Russian aircraft military aircraft,
including long range bombers that are capable of deploying conventional
and nuclear weapons. So it's a really significant blow to
the Russian military. More importantly, it's a signal of what
kind of problems Ukraine can continue to create for them

(13:09):
going forward if they don't reach a ceasefire. On the
other hand, Russia, as you suggested that Russia launched an
attack on Kiev and at least twelve people were killed
in a strike on our military base. So, you know,
both sides heading into these talks which are restarting today,
both sides have sent a very strong signal that they're

(13:30):
really not well, that these talks are very unlikely to
result in a significant progress towards a ceasefire today or
this week, it could be, but there's still a lot
of space to bridge before they reach any kind of agreement.

Speaker 3 (13:46):
Yeah, so the talks are still happening at taking place, Yes.

Speaker 7 (13:49):
They're still taking place, and they're meant to meet today in.

Speaker 3 (13:51):
Istanbul Okay, and the kind of message you mentioned this
a little bit, but dive a little bit deeper of
what kind of message these latest attacks send as they
go into these.

Speaker 7 (13:59):
Two right, Well, you know, both sides have been pretty
dug in on their positions, and Ukraine has pushed very
hard to first secure a ceasefire and you know, get
security from the West and making sure that it is
you know, widely agreed cease to fighting that international partners

(14:23):
are part of. Russia on the other hand, has been
you know, it's had these quote maximalist demands saying that
you know, they'll only agree to a ceasefire when there's
a formal commitment for Ukraine not to join NATO, when
there's a recognition of its territorial gains throughout this war,

(14:44):
and some other conditions that have been just completely rejected
by Kiev. So they remain very far apart, and you've
seen President Donald Trump sort of distance himself from the
process as the prospects for a peace have gone down.
So you know, look, they are meeting today. Again it's

(15:06):
not it's a high level meeting, but it's not the president,
it's government officials. So we'll have to see where things
land at the end of the week.

Speaker 3 (15:14):
All right, Joss, Before you go, I have to get
into this developing news in Colorado. A number of people
were injured after that attack. It was an event for
Israeli hostages in Colorado, any word on a modeive. The
FBI is saying it's a targeted act of violence.

Speaker 6 (15:28):
That's right.

Speaker 7 (15:28):
They've said it's a targeted act of violence. And of
course this comes after last month's incident where two Israeli
embassy employees were shot and killed in Washington right outside
an event at the Capitol Jewish Museum. So at the
same time the person they arrested, they claim was screaming
free Palestine as well. So in terms of motivation, if

(15:52):
that is true, it seems relatively clear, but we'll have
to see as we get updates later today from Colorado.

Speaker 2 (16:00):
This is Bloomberg Daybreak, your morning podcast on the stories
making news from Wall Street to Washington and beyond.

Speaker 3 (16:07):
Look for us on your podcast feed by six am
Eastern each morning, on Apple, Spotify, or anywhere else you listen.

Speaker 2 (16:14):
You can also listen live each morning starting at five
am Wall Street time on Bloomberg eleven three to zero
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Speaker 3 (16:29):
Plus listen coast to coast on the Bloomberg Business app
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Speaker 2 (16:35):
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 and your favorite podcast
platform to stay informed all day long. I'm Karen Moscow
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
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