Market Doubts Hassett Can Deliver in Fed; Bessent Under Discussion to Also Lead NEC

On today's podcast: 1) Kevin Hassett may not have the ability to deliver the rapid pace of interest rate cuts President Trump would like, even if he is approved as the next Federal Reserve Chair, said Gregory Peters, co-chief investment officer at PGIM Fixed Income. Peters made the remarks amid ris…

Kremlin Calls Russia-US Talks Constructive; Trump Sees Fed Chair Pick 'Early Next Year'

On today's podcast: 1) The Kremlin said Vladimir Putin held “very useful” talks with US envoys Steve Witkoff and Jared Kushner though the sides failed to reach agreement on a plan to end Russia’s war in Ukraine. The negotiations lasting almost five hours were “constructive and very informative,” th…

US Envoy Witkoff Heads to Moscow; White House Defends 'Second Strike'

On today's podcast: 1) US envoy Steve Witkoff is traveling to Moscow to meet with President Vladimir Putin, who claimed a key Ukrainian city had fallen to Russia on the eve of talks about a potential peace plan to end his war. Putin said Russian troops had taken the city of Pokrovsk in Ukraine’s ea…

US Calls Ukraine Talks Productive; Trump Teases Fed Chair Pick

On today's podcast: 1) US and Ukrainian negotiators said they had productive discussions about a framework for a peace deal, but there was no final breakthrough as President Trump continues to push for a truce with Russia. “There’s more work to be done,” Secretary of State Marco Rubio told reporter…

Daybreak Weekend: Tech Earnings, Middle East and Africa Summit, Labubu Craze

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to earnings from Crowdstrike, Snowflake, and Salesforce. In the UK – a look ahead to the seventh Milken Institute Middle East and Africa Summit. In Asi…

National Guard Soldier Dead After DC Ambush; Trump Calls for 'Reverse Migration'

On today's podcast: 1) One member of the West Virginia National Guard who was shot in the attack near the White House in Washington, DC, died after being in critical condition, President Trump said Thursday. US Army Specialist Sarah Beckstrom, 20, originally from Webster Springs, West Virginia, die…

Daybreak Holiday: Black Friday Sales, Markets, Bitcoin and Antitrust

On this special Thanksgiving edition of Bloomberg Daybreak, host Nathan Hager speaks with: Poonam Goyal and Lindsay Dutch of Bloomberg Intelligence look ahead to Black Friday and what we can expect in the retail space. Scott Martin, Chief Investment Officer of Kingsview Wealth Management, looks ahe…

Witkoff Advised Russia on How to Pitch Ukraine Plan to Trump; Hasset Frontrunner For Fed Chair

On today's podcast: 1) US presidential envoy Steve Witkoff, fresh from the triumph of the Gaza peace deal, held a phone call last month with a senior Kremlin official to suggest they work together on a similar plan for Ukraine —  and that Vladimir Putin should raise it with Donald Trump. 2) White H…

Trump Moves to Preserve Xi Truce While Reassuring Ally Japan, Moscow and Kyiv Trade Fire

On today's podcast: 1) US President Donald Trump held back-to-back calls with the leaders of China and Japan, as escalating tensions over Taiwan threaten to derail his weeks-old trade truce with Beijing. Trump’s hour-long conversation with President Xi Jinping on Monday marked their first contact s…

Latest on Talks to End War in Ukraine; Stocks Rise to Start Week

On today's podcast: 1) Ukrainian and US negotiators prepared an “updated and refined framework document on peace,” according to a top aide to President Volodymyr Zelenskiy, as Kyiv sought more favorable terms from a proposal backed by Donald Trump. 2) Global stocks advanced after a late Wall Stree…