August 23, 2025: Ukrainian Security Guarantees ‘Within Days,” Pentagon Blocking Missile Use, More

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Episode Transcript

Speaker 1 (00:00):
News when you want it with Bloomberg News Now, I'm
in Kahalegi. Ukrainian President Volodimir Zelenski says all the developments
to set up security guarantees for a post war Ukraine
will be ready in the coming days. Bloomberg's Alisa Safronova
is tracking developments for US from Kiev.

Speaker 2 (00:18):
This means that we should understand who do what what
on the sea, in the air, are on the battlefield
or not on the battlefield, but and who is financing
for instance, because financing is also very important for Ukraine
and Ukrainian army.

Speaker 1 (00:39):
President Trump is threatening Russia with massive sanctions over the
war in Ukraine unless an agreement can be reached in
about two weeks. The Wall Street Journal reports that US
officials say the Pentagon has for months been blocking Ukraine's
use of long range missiles to strike inside Russia, limiting
key from employing a powerful weapon and it's fired against
Moscow's invasion. A high level Defense Department approval procedure, which

(01:01):
hasn't been announced, has prevented Ukraine from firing any US
made long range army tactical missile systems against targets in
Russia since late Spring. On at least one occasion, Ukraine
sought to use the weapons against the target on Russian territory,
but was rejected. The US veto of long range strikes
has restricted Ukraine's military operations as the White House has

(01:23):
sought to woo the Kremlin into beginning peace talks. The
Maryland man who became a face of the Trump administration's
cracked out on immigration after being accidentally deported to El Salvador,
has been given a stark choice back in the US
plead guilty to human smuggling charges or be sent to Uganda.
A US Immigration and Customs enforcement representative allegedly made the

(01:43):
threat against Kilmore Abrigo Garcia within minutes of his long
awaited release on bail Friday night. His lawyer said this
in a filing Saturday in federal court in Nashville, where
the criminal cases underway. The Florida detention camp down as
Alligator Alcatraz is being run illegally state workers who are
holding immigrants off the grid. The American Civil Liberties Union

(02:04):
said this in a new lawsuit filed hours after a
judge in a different case rule the facility must be dismantled.
The ACLU on Friday suit a group of Florida agencies
involved in operating the facility, alleging their violating federal laws
that strictly limit house states can participate in immigration enforcement.
Canadian Prime Minister Mark Karney is visiting Poland, Germany and

(02:26):
Latfaia to strength and defense and industrial partnerships, with a
particular focus on growing his country's nuclear and critical mineral sectors.
Carney arrived in Poland Saturday and intends to meet with
Prime Minister Donald Tusk on Monday. He'll meet with German
Chancellor Friedrich Merz in Berlin Tuesday and the Latvian Prime
Minister on Wednesday. Dominic LeBlanc, the minister responsible for Canada

(02:46):
US trade, was asked on Bloomberg's balance of power if
they have gotten any indication the fifty percent tariff rates
on steel and aluminum would come down.

Speaker 3 (02:54):
No, not yet. We're optimistic. We're continuing to talk to
Tree Latnik and others in the Ambassador Greer or others
in the administration. But the Section two thirty two tariffs
on the strategic sectors the president has applied with very
little relief.

Speaker 1 (03:12):
Earlier on Friday, Carney announced that Canada will end counter
tariffs on tens of billions of dollars of US goods
and post under his predecessor, Justin Trudeau, saying Trump indicated
this would restart trade talks that have stalled. Federal Reserve
Bank of Chicago President Austin Goulesby credited Jerome Powell for
the low level of disagreement across the range of FED
officials during his eight year tenures chair. I'm a longtime

(03:35):
fan of j.

Speaker 3 (03:36):
Powell.

Speaker 4 (03:36):
I think he's a first ballot Hall of Fame FED
chair and he has great judgment.

Speaker 1 (03:42):
He is also.

Speaker 3 (03:44):
Navigated a pretty diverse set of world views on that committee.

Speaker 1 (03:51):
You can hear more from Austin goules Be on the
Otlots podcast. Gouls Be, speaking on the sidelines of the
Kansas City Fence Economic Symposium in Jackson, hol Wyoming, said
it had less to do with FOMC members taking the
same view of the economic data and more to do
with Pal's ability to forge consensus. European Central Bank President
Christine Lagarde says the labor market there has proven to

(04:12):
be surprisingly resilient in the face of a once of
the generation inflation shock at aggressive interest rate hikes. We
get more from Bloomberg's Denise Pellegrini.

Speaker 4 (04:20):
Employment expanded by four point one percent between the end
of twenty twenty one and mid twenty twenty five in
the EU, and in remarks prepared for the fed's annual
symposium in Jackson Hall, the Guard sites global tailwinds and
domestic strengths for this. The ECB, just like the FED,
was forced to raise interest rates to battle inflation, and
has been recently in the process of unwinding that tightening

(04:43):
as inflation retreats. Laguard also cautioned, though it's difficult to
say with confidence if recent patterns will persist. European Central
Bank officials did keep the deposit rate unchanged at two
percent in July, and it looks increasingly likely they'll do
that again next month. Denise Pellegreney Bloomber.

Speaker 1 (05:00):
After two rounds of the Tour Championship at East Lake,
Patrick Cantley and Tommy Fleetwood both sixteen under for the tournament,
they will enter Sunday's final round tied with a two
shot lead. That's news when you want it with Bloomberg News. Now,
I'm mad Kleggy. This is Bloomberg