US Calls Ukraine Talks Productive; Trump Teases Fed Chair Pick

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Dec 1, 2025

Oliver Crook, Bloomberg's Chief Europe Correspondent, shares insights into the recent US-Ukrainian talks aimed at establishing a framework for peace. He highlights the complexity of negotiations, particularly concerning territorial and security issues, and the critical role of upcoming meetings between US envoy Steve Witkoff and Ukrainian President Zelensky. Crook also discusses how Andrei Yermak's resignation casts uncertainty over Zelensky's negotiating power, as well as the broader implications for European diplomacy.

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INSIGHT

Progress Without Breakthrough

U.S. and Ukrainian negotiators reported "productive" talks but no final peace breakthrough, focusing on a 19-point proposal and ceasefire parameters.
Marco Rubio emphasized ending the war while ensuring Ukraine's lasting independence, sovereignty, and economic prosperity.

INSIGHT

Rubio's Geopolitical Tilt Matters

Oliver Crook noted that Rubio's worldview may be more sympathetic to seeing Russia as a real U.S. security threat compared with others in the administration.
He also highlighted the setback from Ukraine losing chief negotiator Andrei Yermak amid a corruption probe.

INSIGHT

Airbus Software Glitch Stabilized

Airbus largely fixed an ELAC-2 software glitch affecting many A320s, averting worse global disruption.
Most planes needed a rollback to an earlier flight-control software, with fewer than 100 requiring complex repairs.

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On today's podcast:
1) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Trump continues to push for a truce with Russia. “There’s more work to be done,” Secretary of State Marco Rubio told reporters in Florida after meeting for at least four hours with Ukrainian officials led by National Security and Defense Council Secretary Rustem Umerov. “This is delicate. It’s complicated.” The meeting, which took place in Hallandale Beach, Florida, with US special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner also in attendance, was likely the last chance for Ukraine’s negotiators to sway Witkoff before he leads a US delegation for talks in Russia this week. The two sides discussed potential parameters for a ceasefire as they pored over a 19-point proposal that emerged in Geneva last week — as well as the status of the Russian-occupied Zaporizhzhia nuclear power plant, the biggest in Europe, according to people familiar with the discussions.
2) US authorities believe the man suspected of fatally shooting a National Guard member and seriously wounding another in Washington, DC, was radicalized while in the US, Homeland Security Secretary Kristi Noem said. Asked on NBC’s Meet the Press about the suspect’s motive, Noem said investigators are still collecting information and talking to his contacts. Federal authorities have identified the suspect as Rahmanullah Lakanwal, 29, an Afghan national who worked with US forces and the CIA in Afghanistan before arriving in the US in 2021. He was subdued and taken into custody shortly after the shooting on a street a few blocks from the White House on Wednesday.
3) President Trump said Sunday he has decided on his pick for the next Federal Reserve chair after making clear he expects his nominee to deliver interest-rate cuts. Trump has frequently excoriated current Fed chief Jerome Powell for failing to lower rates swiftly and signaled he wants a chair who will more forcefully pursue cuts. People familiar with the matter told Bloomberg News last week that White House National Economic Council Director Kevin Hassett, Trump’s chief economic adviser, is seen as the likely choice to succeed Powell.

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