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Speaker 1: News, Sonny want it with Bloomberg News Now, I'm Denise Pellegrini.

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Speaker 1: Rapidly developing situation when it comes to Ukraine and the

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Speaker 1: war with Russia and hopes of ending that or President

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Speaker 1: Trump confirming he will meet with Ukrainian President Vladimir Zelensky

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Speaker 1: Monday to discuss the end of Russia's invasion. European leaders, meantime,

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Speaker 1: are invited to come along with Zelensky to Washington, DC.

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Speaker 1: That is, according to The New York Times, President Trump

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Speaker 1: will discuss land swaps with Zolensky on Monday. The Coalition

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Speaker 1: of the Willing that's European group supporting Ukraine holding a

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Speaker 1: video conference tomorrow. Ahead of this, President Trump and Russian

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Speaker 1: President Vladimir Putin wrapped up their summoned Alaska on a

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Speaker 1: cordial note, but with little sign of specific progress on Ukraine.

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Speaker 2: We had an extremely productive meeting and many points were

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Speaker 2: agreed to.

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Speaker 3: There are just a very few that are left.

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Speaker 1: Some are not that significant, one is probably the most significant.

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Speaker 1: President Trump says it's up is Zlensky to make a deal,

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Speaker 1: and the President saying, untruth social today it would be

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Speaker 1: better to skip a ceasefire and go straight to a

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Speaker 1: peace agreement, and Putin today calling the conversation with President

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Speaker 1: Trump frank and substantive. He says Russia respects the US position.

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Speaker 1: That's according to tasks and Putin also says the Alaska

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Speaker 1: visit was timely and quite useful. That's according to IFx. Meantimes,

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Speaker 1: Olenski saying on X he expects Russia's army to increase

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Speaker 1: pressure in the next few days. On Ukraine, President Trump

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Speaker 1: meantime says he's holding off hiking Chinese tariffs. He's citing

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Speaker 1: progress made with Vladimir Putin toward ending the war.

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Speaker 2: I think I don't have to think about that now.

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Speaker 1: I may have to think about it into weeks or

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Speaker 1: three weeks or something, but.

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Speaker 2: We don't have to think about that right now. I

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Speaker 2: think the meeting went very well.

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Speaker 1: He commented in a Fox News interview with Sean Hannity.

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Speaker 1: The president earlier this month threatened buyers of Russian energy

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Speaker 1: with additional tariffs as a means of pressuring Putin. Aaron

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Speaker 1: reached sching category four hurricane strength now as it turns

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Speaker 1: cross a warm stretch of the Atlantic Ocean, wind and

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Speaker 1: possible landslides possible in the Caribbean. Bloomberg meteorologists Craig.

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Speaker 2: Allen it is going to stay north of the Leewards,

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Speaker 2: north of Puerto Rico, as well as north of Haiti

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Speaker 2: and the Dominican Republic, but there will be effects felt

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Speaker 2: on all those islands. There could be flooding, rainfall, mud slides, landslides.

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Speaker 2: There will be strong, gusty winds over forty and fifty

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Speaker 2: miles per hour, and.

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Speaker 1: Allen also says watch for riptide warnings up and down

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Speaker 1: the East Coast this weekend and beyond. Air Canada's more

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Speaker 1: than ten thousand flight attendants on strike, grounding hundreds of flights,

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Speaker 1: disrupting one hundred and thirty thousand passengers a day at

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Speaker 1: the peak of the summer vacation season. That's after pain

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Speaker 1: negotiations fell through. In Bloomberg's Thomas Seal says there's pretty

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Speaker 1: much no sign of progress between the union and the

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Speaker 1: airline right now.

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Speaker 4: The party met last night, according to the union, and

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Speaker 4: nothing much changed. The Jobs Minister for Canada, Patti Haidu,

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Speaker 4: posted on social media that it was unacceptable that talks

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Speaker 4: had progressed so little, not a very encouraging sign. Also

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Speaker 4: worth noting the government has declined to intervene more actively

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Speaker 4: in the process. They've been disturging the parties to make

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Speaker 4: a deal at the table and.

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Speaker 1: Seal Reporting there from Vancouver, the World Economic Forum has

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Speaker 1: cleared Klaus Schwab of material wrongdoing. That's after a law

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Speaker 1: firm conducted a review into potential misconduct of the institution's founder,

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Speaker 1: According to Bloomberg's Charlie Pellett.

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Speaker 3: The group also announced that Black Rocks Larry Fink and

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Speaker 3: Rouch Holding Vice chairman Andre Hoffman will take over the

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Speaker 3: leadership of the WEF Board of Trustees on an interim basis.

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Speaker 3: The board said there was no evidence of any misconduct

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Speaker 3: by Hilda Schwab, the wife of Klaus, According to a

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Speaker 3: statement posted on the WEF website, quote, minor irregularity stemming

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Speaker 3: from blurred lines between personal contributions and forum operations reflect

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Speaker 3: deep commitment rather than intent of misconduct. In New York,

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Speaker 3: Charlie Pellet's Bloomberg Radio.

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Speaker 1: Investors also keeping an eye on retailers. Walmart will be

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Speaker 1: reporting quarterly results this coming week. Mixed clothes for US

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Speaker 1: stocks yesterday. Kate Moore, chief investment officer for Wealth at

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Speaker 1: City Group Global Market, says there's just too much terrif

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Speaker 1: uncertainty for many companies to be sure exactly what's happening.

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Speaker 5: We're having a pretty robust beat across city on what

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Speaker 5: the pass through might be. And I think, as we

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Speaker 5: all know, they're the three buckets, you know, what does

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Speaker 5: a supplier do, what is the importer do, and what

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Speaker 5: kind of gets passed through to the consumer. And it

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Speaker 5: feels like it's a moving target, depending not just on

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Speaker 5: the industry and the commodity, but on the flexibility of

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Speaker 5: that company and how sort of captive their consumer base.

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Speaker 1: Is and more. They're on the Bloomberg Surveillance Podcast. Investors

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Speaker 1: also turning their eye to the American West, where preparations

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Speaker 1: are underway for the FEDS annual Symposium in Jackson Hall,

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Speaker 1: Spotlight of course, UNFED share J Powell, who President Trump

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Speaker 1: has repeatedly threatened to fire, and whether the Fed will

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Speaker 1: cut interest rates next month. I will have live special

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Speaker 1: coverage for you from Jackson Hall at the latter end

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Speaker 1: of this coming week on Bloomberg Radio and Bloomberg Television,

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Speaker 1: and also of course streaming on our Bloomberg YouTube podcast channel.

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Speaker 1: Live golf Championship in Indiana this weekend. Sebastian Munos at

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Speaker 1: the top of the leader board at twelve under par,

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Speaker 1: followed by Dustin Johnson at nine under, then Patrick Reid

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Speaker 1: at seven under. The winners will share a twenty million

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Speaker 1: dollar perse for the individual tournament. Individual team winner gets

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Speaker 1: four million dollars. Also this weekend, the first World Humanoid

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Speaker 1: Robot Games continue in Beijing. And that's news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Denise Pellegrini and

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Speaker 1: this is Bloomberg