Trump to Call Putin on Ukraine, US Credit Rating Cut | Daybreak Europe 05/19/2025

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, 30-year Treasury yields hit the psychological 5% level after Moddy’s followed its peers to downgrade the credit rating of the US, saying a ballooning deficit shows little signs of narrowing. President Donald Trump is due to speak on the phone with Russian President Vladimir Putin following failed peace talks on the Ukraine war last week, and the UK and EU seek to reset relations with a crucial post-Brexit summit.

Today’s Guests: Max Buchan, Valarian CEO and Co-founder; Michael O’Leary, Ryanair CEO

Chapters:
00:00:58 – Ryanair earnings
00:03:57 – Bessent downplays Moody’s downgrade
00:04:39 – 30-year treasury yield hit 5%
00:06:05 – Trump tax bill advances
00:07:10 – Trump plans call with Putin to end ‘bloodbath’ in Ukraine
00:09:35 – Centrist mayor of Bucharest wins Romanian presidential election
00:11:24 – UK-EU summit on post-Brexit ties
00:16:34 – IDF says it’s escalating Gaza offensive
00:18:31 – Hamas says aid flows must resume
00:20:22 – BloombergNEF: Shipping’s environmental cost
00:26:39 – CATL Hong Kong debut to be biggest IPO ever
00:29:46 – Max Buchan, Valarian Technologies CEO & Co-founder
00:35:47 – Michael O’Leary, Ryanair CEO
00:45:11 – 30-year treasury yield hit 5%
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