Bloomberg Daybreak: Europe Edition Trump-Putin War Summit, US Regional Banks Tumble, Mark Carney Talks Power
5 snips
Oct 17, 2025 In this engaging discussion, journalist Michelle Hussain speaks with Mark Carney, the Canadian Prime Minister, who emphasizes NATO's need to remain vigilant against Russian threats. Tony Halpin offers insights into Trump's upcoming summit with Putin in Budapest, exploring its implications for Ukraine. The conversation also delves into a troubling decline in US regional banks, highlighting market fears of fraud. With discussions about Carney balancing climate concerns with oil industry realities, this podcast is packed with timely political and economic insights.
AI Snips
Chapters
Transcript
Episode notes
Trump-Putin Summit Raises Questions
- Donald Trump plans a second summit with Vladimir Putin aiming to end the war in Ukraine.
- The meeting raises doubts about concrete outcomes given past talks produced little change.
Regional Banks Face Rapid Sell-Off
- Regional US bank stocks plunged after disclosures of loan fraud tied to distressed commercial mortgages.
- Traders reacted by selling first and assessing damage later, amplifying market jitters.
Big Spanish Takeover Bid Falters
- BBVA's €16bn bid for Banco Sabadell failed as shareholders rejected the offer.
- The result halts a 17-month takeover saga and weakens BBVA's strategy to build domestic scale.