Bloomberg Daybreak: US Edition Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump; Hasset Frontrunner For Fed Chair
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Nov 26, 2025 A US envoy recently advised Russia to pitch a Ukraine peace plan to Trump, utilizing a successful Gaza framework. Meanwhile, Kevin Hassett emerges as a leading candidate for the next Fed chair, stirring speculation. Stock markets are on the rise, buoyed by hopes of interest rate cuts, while tech stocks are performing exceptionally well. Additionally, Thanksgiving travel is expected to hit new records amid weather disruptions forecasted across the northern US. The discussion also touches on challenges in UK budget proposals and the ongoing implications of geopolitical tensions.
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Witkoff's Short Kremlin Pitch
- Steve Witkoff called a senior Kremlin aide to pitch a Gaza-style plan for Ukraine and suggested Putin raise it with Donald Trump.
- The five-minute October 14 call included guidance on setting up a Trump-Putin call ahead of Zelensky's White House visit.
Trump Frames Dealmaking As Mutual Sell
- President Trump described the approach as a 'standard negotiation' and framed dealmaking as selling both sides.
- Trump emphasized mutual give-and-take as central to brokering such agreements.
Hassett Positioned For Fed Chair
- Kevin Hassett has emerged as a frontrunner to be Federal Reserve chair and said he would accept the role if asked.
- The White House signals they want a Fed chair aligned with Trump's interest-rate cutting approach.