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Bloomberg News Now

August 19, 2025: Trump Seeks Peace Talks, Gabbard Revokes Clearances, More

20 Aug 2025

Transcription

Chapter 1: What is the main topic discussed in this episode?

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I'm Carol Masser. And I'm Tim Stenevek, inviting you to join us for the Bloomberg Businessweek Daily Podcast. Now, every day we are bringing you reporting from the magazine that helps global leaders stay ahead. We've got insight on the people, the companies and trends that are shaping today's complex economy. That's right, Tim.

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We're all over global business, finance, tech news, all as it is happening in real time. And we've got complete coverage of the U.S. market close. Got to say, basically, if it impacts financial markets, if it impacts companies, if it's impacting trends and narratives that are out there, we are on it. We also have a lot of fun doing it.

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Bloomberg Businessweek also brings you the analysis behind the headlines through conversations with our expert guests. And we are doing this all live each weekday. And then we bring you the best analysis in our daily podcast. Search for Bloomberg Businessweek on YouTube, Apple, Spotify, or anywhere else you listen.

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Check it out on your way home from work to catch up on the conversations that you missed during the business day. And on the weekend, check it out for a complete wrap-up of your business week. That's the Bloomberg Business Week Daily Podcast. I'm Carol Masser. And I'm Tim Stenevex. Subscribe today wherever you get your podcasts. News when you want it. With Bloomberg News Now, I'm Doug Krisner.

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President Trump is urging Russian President Putin and Ukrainian President Zelensky to show flexibility as Trump pushes for direct peace talks. Trump told Fox News today he is pressing the two leaders to hold a bilateral summit within weeks with a trilateral meeting to follow. Here is White House Press Secretary Caroline Leavitt.

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Following the encouraging conversations yesterday, President Trump spoke with President Putin by phone, and he agreed to begin the next phase of the peace process, a meeting between President Putin and President Zelensky, which would be followed, if necessary, by a trilateral meeting between President Zelensky and President Trump. That is White House Press Secretary Caroline Leavitt.

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Now, President Trump has signaled security guarantees for Ukraine could include U.S. air support. However, Trump ruled out NATO membership or Ukraine reclaiming Crimea. Meantime, Bloomberg has learned that Trump called Hungarian Prime Minister Viktor Orban today. This was after European leaders pressed Trump to intervene in Ukraine's stalled bid for membership to the European Union.

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Now, Orban has been blocking talks on admitting Ukraine to the EU.

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and that in turn has frustrated both brussels and kiev here is kurt volker former u.s ambassador to nato speaking on bloomberg's balance of power one of the the good things about president trump here is that he is completely tactical so if the europeans are coming to him and saying we have a problem with orban in doing what we need to do to back up ukraine well trump wants to end the war in ukraine and he needs europe to help so he just goes and picks up the phone and talks to orban and say help out

Chapter 2: What peace talks is Trump proposing with Russia and Ukraine?

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It features a montage of President Trump and other administration officials, including Vice President J.D. Vance and Defense Secretary Pete Hegseth. White House Press Secretary Caroline Leavitt told Reuters the Trump administration is committed to communicating with as many audiences and platforms as possible. And that is News When You Want It with Bloomberg News Now.

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I'm Doug Krisner and this is Bloomberg. I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast. Every week, we bring you fascinating conversations with the people who shape markets, investing, and business.

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CEOs, fund managers, billionaires, Nobel laureates, traders, analysts, economists, everybody that affects what's going on in the market, whether you own stocks, bonds, real estate, commodities, crypto, You really need to hear these conversations. Sometimes it's behaviorists like Dick Thaler or Bob Schiller. Sometimes it's fund managers like Peter Lynch, Bill Miller, Ray Dalio.

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Sometimes it's authors, Michael Lewis, author of The Big Short and Moneyball. Regardless of the conversation, these are the folks that move markets each week. That's the Masters in Business podcast with me, Barry Ritholtz. Listen on Apple, Spotify, or wherever you get your podcasts. Bloomberg Daybreak is your best way to get informed first thing in the morning, right in your podcast feed.

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Hi, I'm Karen Moscow. And I'm Nathan Hager. Each morning, we're up early putting together the latest episode of Bloomberg Daybreak U.S. Edition. It's your daily 15-minute podcast on the latest in global news, politics, and international relations. Listen to the Bloomberg Daybreak U.S. Edition podcast each morning for the stories that matter with the context you need.

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Find us on Apple, Spotify, or anywhere you listen.

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