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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Krisner. President Trump is urging Russian President Putin and

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Speaker 1: Ukrainian President Zelensky to show flexibility as Trump pushes for

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Speaker 1: direct peace talks. Trump told Fox News today he is

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Speaker 1: pressing the two leaders to hold a bilateral summit within weeks,

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Speaker 1: with a trilateral meeting to follow. Here is White House

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Speaker 1: Press Secretary Caroline Levitt.

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Speaker 2: Following the encouraging conversations, yesterday, President Trump spoke with President

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Speaker 2: Putin by phone, and he agreed to begin the next

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Speaker 2: phase of the peace process, a meeting between President Putin

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Speaker 2: and President Zelensky, which would be followed, if necessary, by

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Speaker 2: a trilateral meeting between President Putin, President Zelenski and President Trump.

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Speaker 1: That is White House Press Secretary Caroline Levitt. Now, President

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Speaker 1: Trump has signaled security guarantees for Ukraine could include US

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Speaker 1: air support. However, Trump ruled out NATO membership or Ukraine

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Speaker 1: reclaiming crimea meantime, Bloomberg has learned that Trump called Hungarian

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Speaker 1: Minister Victor Orbon today. This was after European leaders pressed

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Speaker 1: Trump to intervene in Ukraine's stalled bid from membership to

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Speaker 1: the European Union. Now, Orbon has been blocking talks on

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Speaker 1: admitting Ukraine to the EU, and that in turn has

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Speaker 1: frustrated both Brussels and Kiev. Here is Kurt Volker, former

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Speaker 1: US Ambassador to NATO, speaking on Bloomberg's balance of power.

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Speaker 3: Well, one of the good things about President Trump here

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Speaker 3: is that he is completely tactical. So if the Europeans

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Speaker 3: are coming to him and saying we have a problem

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Speaker 3: with Orbon in doing what we need to do to

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Speaker 3: back up Ukraine, well Trump wants to end the war

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Speaker 3: in Ukraine and he needs europe to help. So he

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Speaker 3: just goes and picks up the phone and talks to

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Speaker 3: Orbon and say help out, help get Ukraine into the

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Speaker 3: European Union.

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Speaker 1: That is Kurt Volker, former US Ambassador to NATO, speaking

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Speaker 1: on Bloomberg's balance of power. Incidentally, European leaders say that

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Speaker 1: Ukraine's membership is part of a broader security guarantee, but

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Speaker 1: Orbon has rebuked that notion, calling it unnecessary and day interest.

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Speaker 1: The Trump administration says it's revoking the security clearances of

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Speaker 1: thirty seven current and former national security officials. Those impacted

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Speaker 1: include people who were involved in conducting an assessment of

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Speaker 1: Russia's efforts to influence the twenty sixteen election, as well

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Speaker 1: as members of former President Biden's National Security Council. A

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Speaker 1: memo from the Director of National Intelligence, Telsea Gabbard, accuses

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Speaker 1: the singled out individuals of politicizing and manipulating intelligence. Here

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Speaker 1: is Gabbard speaking earlier to Fox News.

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Speaker 4: Some of those folks in those thirty seven individuals that

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Speaker 4: we revoked directed the revocation of security clearances from today

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Speaker 4: under the direction of President Trump. They aided and embedded

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Speaker 4: in this action, This seditious conspiracy that undermined our democracy,

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Speaker 4: undermined our republic, and broke that sacred trust that every

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Speaker 4: one of these professionals is supposed to have.

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Speaker 1: The people that was the Director of National Intelligence Tulsey Gabbard,

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Speaker 1: speaking to Fox News tomorrow morning before the opening Bill

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Speaker 1: will get earnings from Target, and investors will be looking

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Speaker 1: for an update on the company's turnaround efforts. The combination

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Speaker 1: of weak discretionary spending and boycott calls, as well as

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Speaker 1: tariff uncertainty, have contributed to Target's week sales in recent years.

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Speaker 1: Stacey Whitlets is president and founder of sw Retail Advisors.

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Speaker 1: She spoke earlier to Bloomberg.

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Speaker 5: The good news is that the bar for target is

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Speaker 5: pretty low here going into earnings. But I think from

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Speaker 5: an investment thesis, there are probably better places to put

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Speaker 5: your money.

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Speaker 1: She is Stacey Whitlets from sw Retail Advisors, speaking earlier

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Speaker 1: to Bloomberg. Beaches in New York City will be closed

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Speaker 1: to swimmers Wednesday and Thursday as Hurricane Aaron churns offshore.

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Speaker 1: This storm is now a Category two and it's created

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Speaker 1: dangerous rip currents along the East coast. According to the

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Speaker 1: National Hurricanes Aaron's winds now extend two hundred and thirty

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Speaker 1: miles from its eye. Meantime, the Jersey shore is facing

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Speaker 1: the prospect of severe rip currents, prompting a number of

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Speaker 1: towns along the coastline to ban swimming outright. Here is

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Speaker 1: New Jersey Governor Phil Murphy.

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Speaker 6: The second concern is the potential for coastal flooding. And

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Speaker 6: the word that we're using that we use is moderate.

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Speaker 6: Moderate does not mean a little. This means a potential

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Speaker 6: for significant coastal flooding.

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Speaker 1: Phil Murphy. There, the Governor of New Jersey. Now double

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Speaker 1: red flag warnings and evacuations are already in effect in

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Speaker 1: parts of North Carolina. Forecasters say that erin is likely

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Speaker 1: to fluctuate in its intensity before the storm begins to

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Speaker 1: break down. The White House launched its own TikTok account today.

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Speaker 3: Every day, I wake up determined to deliver a better

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Speaker 3: life for the people all across this nation.

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Speaker 4: I am your voice.

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Speaker 1: This is the first video posted by the White House.

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Speaker 1: It features a montage of President Trump and other administration officials,

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Speaker 1: including Vice President jd Vance and Defense Secretary Pete Hegseth.

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Speaker 1: White House Press Secretary Caroline Levitt told Reuters the Trump

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Speaker 1: administration is committed to communicating with as many audiences and

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Speaker 1: platforms as possible. And that is news when you want it.

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Speaker 1: With Bloomberg News Now, I'm Doug Prisner, and this is

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Speaker 1: Bloomberg