Bloomberg Daybreak: US Edition Trump-Putin High Stakes Call Reaction; Trump's Push for Tax Bill
6 snips
May 20, 2025 The podcast dives into the recent high-stakes call between Trump and Putin, revealing dashed hopes for peace in Ukraine. It also highlights Trump's push for a tax-cut bill as he seeks unity among House Republicans. Experts weigh in on the looming U.S. fiscal deficit, emphasizing its significance over trade tariffs. Meanwhile, the dialogue navigates the shifting focus of U.S.-Russia relations from conflict to economic ties. A mix of global politics and legislative battles makes for an engaging discussion.
AI Snips
Chapters
Transcript
Episode notes
Trump Steps Back From Ukraine Talks
- President Trump indicated he is stepping away as a direct broker in the Russia-Ukraine conflict.
- He said negotiations will start immediately but possibly without U.S. involvement.
Markets Shrug off Moody's Downgrade
- Despite Moody's downgrade, the S&P 500 gained for six straight days fueled by retail investors.
- The downgrade was seen as not providing new information, triggering dip buying.
US Deficit Threatens Dollar's Status
- The large US fiscal deficit is a bigger issue than tariffs, according to David Rubenstein.
- He warns that uncontrolled debt could threaten the dollar's status as the world's reserve currency.