Bloomberg Daybreak: Europe Edition Allies To Plead With Trump, FTSE CEO Pay Record, Apollo’s Wizardry
Aug 18, 2025
Ukrainian President Zelenskiy is in Washington, worried about Trump's potential concessions to Russia. Meanwhile, UK Prime Minister Starmer announces a historic trade deal that slashes US tariffs on British steel. In Israel, the economy faces a slump due to a war with Iran, impacting businesses. On a lighter note, CEO pay for FTSE 100 companies reaches record highs yet again, and the rise of robotics is showcased humorously at the World Humanoid Robot Games, signaling a fascinating blend of innovation and entertainment.
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Summit Pressure On Ukraine
- The Washington summit pressures Ukraine with talk of quick peace deals and territorial concessions.
- European leaders seek to ensure Ukraine's interests aren't sidelined in talks between Trump and Putin.
Unclear Security Guarantees
- Trump discussed U.S. involvement in security guarantees resembling NATO's Article 5.
- Questions remain about what those guarantees would look like in practice for Ukraine.
Rhetoric Outruns Trade Deals
- Trade deal rhetoric has outpaced implementation, leaving UK steel tariffs at 25% despite claims of exemptions.
- Other partners like Japan, South Korea and the EU face similar delays on autos and tariff promises.