Trump's Davos Address; Zelenskiy Calls for Continued US Support

Published Jan 23, 2025, 10:47 AM

On today's podcast:

1) President Trump gets set to address the world's elite at Davos

2) Ukraine's President Zelenskiy says any effective peacekeeping force must include US troops 

3) Firefighters battle to maintain another rapidly-moving wildfire near Los Angeles

Bloomberg Audio Studios, Podcasts, Radio News.

Good morning, I'm John Tucker and I'm Karen Moscow. Here are the stories we're following today, Karen.

President Trump takes center stage in Davos this morning. He's going to be addressing the world's financial elite. By video link, Bloomberg's Amy Morris brings us a preview of what Global Wall Street is expecting.

People are optimistic in pockets.

New York Stock Exchange President Lynn Martin at Davos says, most everyone there is already optimistic about the Trump administration, but they do have some questions.

The geopolitical landscape is probably the biggest one tariff's in particular, and obviously the knock on effect of questions around tariffs is going to be inflation.

The forum says President Trump will address the gathering that will be followed by a dialogue. Amy Morris Bloomberg Radio.

Thanks Amy. And in that dialogue he's going to feel question from several executives, including Blackstone, Stephen Schwartzman, Bank of America is Brian Boinihan and Banco Santander a chair and a boten. You can catch the entire conversation at eleven am Wall Street Time on Bloomberg Radio and Television.

Well, John, President Trump is downplaying the national security risk posed by TikTok after offering this social video app, are aprie from legislation that would have forced it to shut down, and Trump spoke with Fox's Sean Hannity.

People want to die.

But those that say they know, say, say, a spying app for the communist Chinee. But you can say that about everything made in China. Look, we have our telephones made in China for the most point. We have so many things made in China. So why don't they mention that?

You know?

I mean, it's interesting thing with TikTok is you're dealing with a lot of young people, so they love it. Is it that important for China to be spying on young people, on young kids watching crazy videos?

Are they? And?

Under an executive order signed during his first day in office, the President delayed a TikTok man in the US by an additional seventy five days.

And in that same Fox interview Karen, President Trump doubled down on his decision to pardon people who attacked police during the January sixth riots. He said the capital convicts were treated like the worst criminals in history.

Most of the people were absolutely innocent, Okay, But forgetting all about that, these people have served horribly a long time. It would be very very cumbersome to go and look, you know how many people are talking about fifteen hundred people, almost all of them are should not have been This should not have happened.

On Monday, Trump pardoned and commuted the prison sentence or ordered the dismissal of charges in all of the fifteen hundred plus capital riot criminal cases.

The acting Defense Secretary is deploying one thy five hundred more troops to comply with President Trump's declaration of a national emergency at the southern border. John Robert Celessis says he had also approved the use of military aircraft to assist the Department of Homeland Security with deportation flights of more than five thousand illegal aliens detained by Customs and Border Protection.

And Secretary of State Marco Rubio plans to travel to Panama as part of a trip to Latin America as soon as next week. This trip underscores President Trump's seriousness about taking back the Panama Canal. A source of say Rubio also plans to visit Guatemala, El Salvador, and Costa Rica.

John Ukraine's President Vladimir Zelenski says any effective peacekeeping force deployed in his country will need to include US troops. In an interview with Bloomberg's editor in chief John Michelthwaite at Davos, Zelenski said that as European allies don't have enough soldiers to pose a realistic deterrent to.

Putin, it can't be without the United States.

I will explain you why even if some European friends think that.

It can be, no, it will not be.

First of all, nobody will risk without United States. The second that's what can divide NATO, divide EU and USA.

That is a goal and dream of Putin to lie this unity.

And Zelanski's comments come as Trump threatens to impose financial penalties on Russia if it doesn't end the war soon. For the full interview, head over to the Bloomberg Talks podcast feed featuring our most important conversations from Bloomberg Radio, Television, and the Bloomberg Terminal.

And Karen Let's turn out of the wildfires in Los Angeles. Fire crews are making progress on stopping the threat from an enormous new blaze. This one's north of Los Angeles for students to evacuate. It prompted inmates to shelter in place. The Hughes fire has expanded to more than ten thousand acres, but the blaze is now fourteen percent contained. Los Angeles County Fire Chief Anthony Moroney says quick mobilization of resources, including aircraft, had given fire crews a fighting chance.

The situation remains dynamic and the fire remains a difficult fire to contain, although we are getting.

The upper hand, Los Angeles County Fire Chief Anthony Moroney. The wildfire stoke fresh fears in the region already devastation by two weeks of deadly infernos. They've killed twenty eight people and destroyed nearly fifteen thousand structures and left thousands displaced. The Palisades and Eaton fires which caused the bulk of the discretion, and they're still burning, but now more controlled at seventy percent and ninety five percent containment.

And then John, there's more details emerging involving President Trump's plan to make the US an artificial powerhouse. The Information is reporting SoftBank Group and open Ai each plan to commit nineteen billion dollars of capital to the one hundred billion dollar project known as Stargates, so that would be an artificial intelligence powerhouse. The tech outlet says. The two companies would then both own forty percent of the endeavor. Tech industry players including Elon Musk have questioned the lack of details around the venture and it's financing.

And let's turn to the markets this where futures are lower following yesterday's games on Wall Street. In fact, the S and P five hundred closed near a record, propelled by optimism over artificial intelligence, a batch of strong earnings in every single trading session since last Monday, more than sixty eight percent of the S and P five hundred stocks that have closed higher US the first time that's happened since at least two thousand, according to data compiled by Bloomberg.

And John We are less than a week from the fed's first rate decision of the year. Michael Gape And, the chief US economist at Morgan Stanley, thinks tariffs could have an impact on monetary policy.

I don't think there's a tariff's cause that Fed to hike rate story Obviously, it's possible. We just don't think it will get that far. But certainly there's a world where the Fed's just on the sideline for an indefinite period of time as tariffs gradually get imposed on our trading partners.

And Morgan Stanley's Michael Gape and the FED rate decision is next Wednesday. Time now for a look at some of the other stories making news in New York and around the world, and for that we're joined by Bloomberg's Michael Barr.

Michael, good Morning, Good Morning.

Karen has passed a bill to require the detainment of unauthorized migrants accused of theft and violent crimes. It marks the first legislation that will reach President Donald Trump's desk in his second term. The Lincoln Riley Act is named after a Georgia nursing student who was murdered last year by a Venezuelan man. Republican Senator Katie Britt of Alabama it's huge.

I mean, it means that we are making good on the promises we made to the American people.

Promises made, promises.

Kept, and it's exciting.

We're putting the safety and security of Americans first with this common sense piece of legislation, so it's a big deal.

The measure passed with bipartisan support in Congress. The ceasefire agreement between Israel and Hesbalah and Lebanon is likely to be extended beyond its January twenty seventh deadline, despite accusations of breaches. Lebanese, Israeli and French government officials involved in the talks say both sides are unlikely to resume full scale fighting, and negotiations are under way to extend the truce. Philadelphia is seeing its first suspected case of bird flu in the snow goose. The Philadelphia Department of Health says it was found near a park two weekends ago. Leah Stallings with ARC Wildlife Rehabilitation and Education Center says that pet owners need to be aware.

It's here, it's everywhere. We can't tell everybody to stay home and just lock themselves indoors.

Ask concerns about bird flu rise in the US. A recent Texas Biomedical Research Institute study suggests a strain found in Texas has mutated in such a way that it can more easily replicate in human cells. Doctor Amish Adalgia, an infectious disease physician, with Johns Hopkins says, though while they can infect humans, it still isn't able to spread from person to person.

What it means is any time that this virus gets into a new host, like a human, it's going to face evolutionary pressures and start to change so that it's more efficient, more able to be vile any human host.

Doctor Amish Adalgia with JOHNS Hopkins, Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr, and this is Bloomberg. Karen.

All right, Michael Barr, thank you time now for the Bloomberg Sports Update, brought to you by Tri State Odie.

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This is Bloomberg Daybreak.

And there's now five twelve on Wall Street. We continue our coverage at the World Economic Forum in Davos, Switzerland. In conversation with the Ukrainian President Vladimir Zelenski, you know, appeal to President of Trump, he said any effective peacekeeping force in his country must include US troops. Lensky making his comments at an interview with Bloomberg Editor in chief John Micklethwaite. And let's go to that discussion right now.

It's great if we will have troops, but we have to understand that the troops will not be in the center of the capital.

They will not have relaxed time.

Yes, it's it's very important because I heard them some allies said that yes, but it's okay, we can be in the center of some city and no.

No, no, no, we don't need such contingent. Contingent you want to outline.

Yes, without without without.

With our people.

Of course, yes, because this means security and that's it.

So, but it can't be. It can't be without the United States.

I will explain you why even if some European friends think that it can be, No, it will not be. First of all, nobody will risk without United States. The second that what can divide NATO, divide EU and USA.

That is a goal and dream of putting.

To divide this unity that can be if you only Europeans will be First of all, they don't have some hundreds of thousands, be honest, No, they don't have They don't have such troops. You know, there are our armies more than eight hundred thousand.

It's very very big the standard.

Second France, yes, two hundred, a little bit more two hundreds, and all our partners are the less and less and less. So where they will get some hundreds of thousands, it meant that the idea is about to have ten twenty SOTI is not enough that we will.

Do you think Trump will allow Do you think I don't know, let American troops be in Ukraine after the peace. That is a big thing for him. Is always about taking things back to America.

Yes, it's true, for example if for example, it's interesting about it once with him, not about continuous in Ukraine.

But I spoke about the hour people.

I said, we have big army.

Look if we have if we are.

The part of need to and you know Europeans always counted on a big number like now something more than eighty thousand of Americans here, Yes, in Europe, in native soldiers. So something like that, I said, I is that I'm thinking maybe you know he always wants his.

Soldiers being in the United States. Yes, but I said that after the war, we will.

Have hundreds of hundred thousand people, and if we are in needed.

They can be.

They get orders of other countries if.

We are in need. But if we are not in need to, that's we are not. Yes, you mentioned China. How important is China in these negotiations. I mean, China is the backer of Russia. They seem to have had an impact things like Putin not using nuclear weapons. Those are the things can China push Putin? And do you have any contact with the Chinese?

I had some contacts with the shin Jinpin.

We had a phone call during the war, not to watch, not enough.

I think yes, he can push Putin to piece. I'm sure.

I think that only President Trump is strongest and shin Zinpin. I think that there's no other allies who can really do it. Yes, because his economy put In after suns after everything depends very much of China and Chinese decisions, decisions of the leader of China, And of course I think that who knows, maybe I don't know, maybe, but maybe more spot to make a decision and to have dialogue President Trump with Shinjinpin about how to together push Putin.

You would like Donald Trump and of China to work together?

Yes, I think yes.

Yes.

Can I ask you a bit about the actual war which is not without us, not without it?

It's important?

Yeah? Please?

Can I ask you about the actual war?

As you know, the background to this is Russia has been gaining territory, gained above four thousand square kilometers last year. What can you do militarily to stop that or reverse it? What do you need from your allies regardless of peace.

It's it doesn't depend on decisions.

We need financing of our internal production of drowns first all, and we are good indeed, but now we want to accelerate and increase the production. We need a lot between us.

I don't want to go further to number and equipment because we have some brigades.

As I said previously, we have some brigades and they are really empty, so.

They don't have I mean this. You know, troops are when you have when you have people and equipment, not just people, yes, or not just equipment. And that's why.

So we need to equip some sombrigues.

This is what important for today.

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