1
00:00:01,000 --> 00:00:04,320
Speaker 1: News when you want it with Bloomberg News Now, I'm

2
00:00:04,320 --> 00:00:07,480
Speaker 1: in in kleggi. President Trump called his Friday meeting with

3
00:00:07,600 --> 00:00:12,000
Speaker 1: Russian counterpart Vladimir Putin extremely productive, but indicated that a

4
00:00:12,039 --> 00:00:14,680
Speaker 1: deal to end the war had still not been finalized.

5
00:00:14,960 --> 00:00:17,800
Speaker 1: On Fox News Friday Night, Trump told Sean Hannity that

6
00:00:17,920 --> 00:00:21,160
Speaker 1: Ukrainian President Vladimir Zelensky should make a deal.

7
00:00:21,360 --> 00:00:24,639
Speaker 2: Now it's really up to President Zolensky to get it done.

8
00:00:25,160 --> 00:00:28,200
Speaker 2: And I would also say the European nations, they have

9
00:00:28,280 --> 00:00:30,360
Speaker 2: to get involved a little bit, but it's up to

10
00:00:30,400 --> 00:00:33,559
Speaker 2: President Zelensky. I think we are and if they'd like,

11
00:00:33,640 --> 00:00:35,279
Speaker 2: I'll be at that next meeting. They're going to set

12
00:00:35,320 --> 00:00:38,640
Speaker 2: up a meeting now between President Zelensky and President Putin

13
00:00:39,479 --> 00:00:41,839
Speaker 2: and myself. I guess you know, I didn't even I

14
00:00:41,880 --> 00:00:43,280
Speaker 2: didn't ask you about it. Not that I want to

15
00:00:43,320 --> 00:00:45,160
Speaker 2: be there, but I want to make sure it gets done,

16
00:00:45,600 --> 00:00:48,680
Speaker 2: and we have a pretty good chance of getting it done.

17
00:00:48,880 --> 00:00:52,040
Speaker 1: That's President Trump speaking Friday evening with Fox News. Is

18
00:00:52,320 --> 00:00:56,440
Speaker 1: Sean Hannity. Bloomberg Politics contributor Rick Davis on how Putin

19
00:00:56,520 --> 00:00:58,320
Speaker 1: will view Friday as a victory.

20
00:00:58,400 --> 00:01:01,040
Speaker 3: The only real winner is Latimir who got to come

21
00:01:01,080 --> 00:01:03,760
Speaker 3: to the United States in a historic moment, stand side

22
00:01:03,760 --> 00:01:06,000
Speaker 3: by side, be treated as a world leader on par

23
00:01:06,160 --> 00:01:09,360
Speaker 3: with the President United States, lifting him out of obscurity

24
00:01:09,400 --> 00:01:13,120
Speaker 3: within Russia as a war criminal. It's really going to

25
00:01:13,160 --> 00:01:14,880
Speaker 3: be something if nothing comes of this.

26
00:01:15,440 --> 00:01:19,399
Speaker 1: Bloomberg Politics contributor Jean she and Zano on Trump's gamble

27
00:01:19,440 --> 00:01:20,400
Speaker 1: in doing this summit.

28
00:01:20,560 --> 00:01:23,360
Speaker 4: I give the President credit. He took a gamble going

29
00:01:23,959 --> 00:01:26,080
Speaker 4: It's not one I would have taken or advised, but

30
00:01:26,160 --> 00:01:28,880
Speaker 4: he took it. And I think the question now is

31
00:01:28,959 --> 00:01:32,520
Speaker 4: what does he do going forward? Has he really learned

32
00:01:32,520 --> 00:01:35,560
Speaker 4: to Vladimir Putin is and the fact is that he's

33
00:01:35,680 --> 00:01:38,600
Speaker 4: not willing to negotiate with Donald Trump the way Donald

34
00:01:38,640 --> 00:01:41,480
Speaker 4: Trump has long promised, And what does he do about that?

35
00:01:41,600 --> 00:01:43,120
Speaker 4: I think is the question going forward.

36
00:01:43,360 --> 00:01:47,520
Speaker 1: Bloomberg Managing editor Kevin Whitelaw on how European leaders might

37
00:01:47,600 --> 00:01:48,720
Speaker 1: view Friday summit.

38
00:01:48,760 --> 00:01:51,640
Speaker 5: European leaders have to react carefully here because they need

39
00:01:51,680 --> 00:01:54,200
Speaker 5: to keep Trump on board with support to Ukraine. They're

40
00:01:54,240 --> 00:01:58,760
Speaker 5: relying on the US military supplies weaponry to be delivered,

41
00:01:58,800 --> 00:02:00,520
Speaker 5: so they have to find a way to keep him

42
00:02:00,560 --> 00:02:04,800
Speaker 5: on size without allowing him to make concessions that they

43
00:02:04,800 --> 00:02:07,200
Speaker 5: simply find unacceptable. So they're going to have to continue

44
00:02:07,200 --> 00:02:11,600
Speaker 5: to play this game of phrasing him gently while offering

45
00:02:11,680 --> 00:02:14,240
Speaker 5: him cautions and words.

46
00:02:14,760 --> 00:02:18,240
Speaker 1: Top Democrats released a draft congressional map Friday that may

47
00:02:18,320 --> 00:02:21,680
Speaker 1: lead to Republicans losing five US House seats as Governor

48
00:02:21,720 --> 00:02:25,560
Speaker 1: Devin Newsom pushes to offset possible GOP gains from redistricting

49
00:02:25,680 --> 00:02:28,959
Speaker 1: in Texas. The California map, released Friday by the Democratic

50
00:02:29,040 --> 00:02:32,720
Speaker 1: Congressional Campaign Committee would imperil the twenty twenty six reelection

51
00:02:32,800 --> 00:02:39,040
Speaker 1: bids of Republicans, including Representatives Doug LaMalfa, Kevin Kylie, David Valdeo,

52
00:02:39,160 --> 00:02:42,400
Speaker 1: Ken Calvert, and Daryl Aisa. It would also bolster some

53
00:02:42,440 --> 00:02:45,960
Speaker 1: swing district Democrats who won close twenty twenty four elections.

54
00:02:46,520 --> 00:02:49,120
Speaker 1: The Trump administration is getting the go ahead to lay

55
00:02:49,120 --> 00:02:52,640
Speaker 1: off most of the Consumer Financial Protection Bureau. Bloomberg's Nathan

56
00:02:52,639 --> 00:02:54,120
Speaker 1: Hager has more from Washington.

57
00:02:54,160 --> 00:02:57,359
Speaker 6: A federal appeals court in Washington has overturned a lower

58
00:02:57,360 --> 00:03:00,359
Speaker 6: court decision that the firings were likely to roy the

59
00:03:00,400 --> 00:03:03,480
Speaker 6: Consumer Protection Agency before she had the chance to rule

60
00:03:03,520 --> 00:03:06,800
Speaker 6: on challenges from the laid off workers. The appeals court

61
00:03:06,840 --> 00:03:10,280
Speaker 6: says the trial judge lacked jurisdiction to consider their claims.

62
00:03:10,520 --> 00:03:13,920
Speaker 6: This ruling now allows the Trump administration to terminate hundreds

63
00:03:13,960 --> 00:03:17,840
Speaker 6: of employees who regulate banks, FinTechs, and other financial institutions

64
00:03:18,040 --> 00:03:22,040
Speaker 6: while their legal challenges continue. In Washington, I'm Nathan Hager

65
00:03:22,120 --> 00:03:23,040
Speaker 6: Bloomberg Radio.

66
00:03:23,240 --> 00:03:25,400
Speaker 1: A move lower Friday for the S and P five

67
00:03:25,480 --> 00:03:28,520
Speaker 1: hundred index and Nasdaq, while the Dow gain flirting with

68
00:03:28,520 --> 00:03:31,239
Speaker 1: a record. We get more from Bloomberg's Charlie Pellet.

69
00:03:31,240 --> 00:03:34,720
Speaker 7: Stocks fell from records as data showed mixed indications on

70
00:03:34,840 --> 00:03:39,160
Speaker 7: how American consumers are feeling about the economy. Economic data

71
00:03:39,200 --> 00:03:42,600
Speaker 7: showed up broad based advance in US retail sales, but

72
00:03:42,720 --> 00:03:49,040
Speaker 7: consumer sentiment unexpectedly fell and inflation expectations rose. Applied materials

73
00:03:49,120 --> 00:03:52,360
Speaker 7: led losses, and chip makers on a disappointing outlook, down

74
00:03:52,480 --> 00:03:57,320
Speaker 7: fourteen percent. United Health Groups soared twelve percent as prominent

75
00:03:57,360 --> 00:04:00,240
Speaker 7: funds piled into the insurer. The S and P five

76
00:04:00,320 --> 00:04:03,600
Speaker 7: hundred index events for a second week, up point nine percent,

77
00:04:03,920 --> 00:04:07,120
Speaker 7: The Dow this week up one point seven percent, NASDAK

78
00:04:07,240 --> 00:04:10,800
Speaker 7: up by point eight percent. In New York. Charlie Pellet

79
00:04:10,840 --> 00:04:11,800
Speaker 7: Bloomberg Radio.

80
00:04:11,920 --> 00:04:14,600
Speaker 1: The Friday numbers on Wall Street, the Dow gain thirty four,

81
00:04:14,720 --> 00:04:18,000
Speaker 1: Nasdaq fell eighty seven, the SNP dropped eighteen. The ten

82
00:04:18,080 --> 00:04:21,159
Speaker 1: year Treasury yield is four point three two percent. The

83
00:04:21,279 --> 00:04:25,279
Speaker 1: two year Treasurer yield stands at three point seven five percent.

84
00:04:25,839 --> 00:04:28,599
Speaker 1: That's news when you want it with Bloomberg News now,

85
00:04:28,920 --> 00:04:31,600
Speaker 1: I'm Ad Kaleggy. This is Bloomberg