August 19, 2025: Trump Seeks Peace Talks, Gabbard Revokes Clearances, More
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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. 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. 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. 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. 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. 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. 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. Now, Orban has been blocking talks on admitting Ukraine to the EU. 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
help get Ukraine into the European Union. That is Kurt Volker, former U.S. ambassador to NATO, speaking on Bloomberg's balance of power. Incidentally, European leaders say that Ukraine's membership is part of a broader security guarantee, but Orban has rebuked that notion, calling it unnecessary and dangerous. The Trump administration says it's revoking the security clearances of 37 current and former national security officials. Those impacted include people who were involved in conducting an assessment of Russia's efforts to influence the 2016 election, as well as members of former President Biden's National Security Council. A memo from the Director of National Intelligence Tulsi Gabbard accuses the singled out individuals of politicizing and manipulating intelligence.
Here is Gabbard speaking earlier to Fox News. Some of those folks and those 37 individuals that we revoked directed the revocation of security clearances from today by under the direction of President Trump.
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