Episode summary
Zelenskyy Defies Trump; Leakers 'Should Be Shot' Says President | Bloomberg Daybreak: US Edition
Bloomberg Daybreak: US Edition
· · 17 min
Summary
The episode centered on a sharp deterioration in US-Ukraine relations after Volodymyr Zelenskyy said he would resume strikes on Russian oil refineries, defying Donald Trump’s call for an “energy ceasefire.” The hosts and a guest said Zelenskyy feels betrayed and is accusing Trump and Elon Musk of restricting Ukraine’s satellite access, while Ukraine says Starlink service has now been restored for its military, though questions remain about who imposed the earlier slowdown.
Trump also dominated the domestic politics segment after telling rally crowds that leakers “should be shot,” language that followed his complaints about media coverage of the war in Iran. The hosts noted he said a leak about strike plans caused him to reschedule an operation, and that his campaign is now in a month-long blitz ahead of the November election.
Markets were under pressure as the artificial-intelligence trade sold off again, with chip stocks leading the decline in Asia and the US. The show highlighted Anthropic’s reported $16.8 billion in third-quarter revenue and Jensen Huang’s argument that AI has shifted from promise to profitable, real-world use. It also covered TSMC’s strong outlook, OpenAI’s agreement with Apple over alleged trade secrets, and broader concerns from Jamie Dimon and Brian Moynihan about geopolitics, regulation, and AI spending.
Key takeaways
- Zelenskyy is resuming attacks on Russian refineries after saying he felt betrayed by Trump and Musk over satellite-related restrictions.
- Trump escalated his rhetoric on leaks, saying at an Arizona rally that leakers “should be shot.”
- The AI trade weakened further as chipmakers sold off, with South Korean stocks and US semiconductors taking the brunt.
- Anthropic told prospective investors it had $16.8 billion in third-quarter revenue, reinforcing the scale of the AI boom even as investors questioned sustainability.
- Jamie Dimon said geopolitics, not just the economy, makes the current backdrop different because of Ukraine, Iran, China, and record deficits.
Notable quotes
“the global artificial intelligence selloff is accelerating. South Korean stocks closed close to 8% lower and it forced a temporary trading halt this morning”
“I'm delighted to see their success. I mean, first of all, these are the two fastest growing technology companies in history”
“I do think this is different. It's not different because of the economy. It's different because of Ukraine, wars, Iran, Middle East”
How the episode opens
Bloomberg Audio Studios podcasts, radio, news. — Good morning. I'm Nathan Hager — And I'm Karen Moscow. Here are the stories we're following today. — Karen, we begin with new developments in Ukraine this morning. The president of Ukraine, Vladimir Zalinski, says he plans to resume strikes on Russian refineries, defying a request from President Donald Trump to stop. Zilinsky told the Financial Times he feels betrayed. He's accusing the president and Elon Musk of limiting Ukraine's satellite usage. He talked about it with Piers Morgan.
What was really strange and what was not like between partners that they switch off Starlink. So something absolutely crazy steps between us. So we hold energy ceasefire from our side.
Yeah, that was President Vladimir Zinsky of Ukraine speaking with Piers Morgan. Now, uh SpaceX CEO Elon Musk wrote on social media that any limits on speed or usage of Starlink are decided by the US military and ultimately the president. This morning, Ukraine says normal Starlink service has been restored for its military, though it is still seeking clarification about yesterday's restrictions.
Well, elsewhere in geopolitics, Nathan, the EU and Gulf Cooperation Council are expected to postpone their flagship political summit as host Saudi Arabia comes under attack from Yemen's Houthies. The meeting in Riyad, scheduled for October 24th, was supposed to bring leaders of EU member states together with leaders of Gulf countries to discuss energy and trade. Sources tell Bloomberg some Gulf officials told European counterparts they're likely to delay the event due to security concerns.
The Saudi government did not respond to a request for comment.
Well, staying overseas with a focus on the economy, Karen, we heard this morning from former European Central Bank President Mario Draghi. He spoke with Bloomberg News editor and chief John Mikkelthweight at the new economy forum in New Delhi, India.
From the episode’s captions: roughly the first two minutes, lightly cleaned. Keep watching on YouTube →
Topics
- ukraine-russia strikes
- trump leakers should be shot
- ai trade selloff
- chipmakers selloff
- coreweave bond distress
Companies and tickers mentioned
- Anthropic PBC
- CoreWeave Inc.
Watch the episode
Summary, takeaways and quote selection by Octagon. Quotes are short excerpts; the full conversation is in the episode.
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