Business
Trump Calls Zelenskiy ‘Dictator’, UK’s Starmer Backs Zelenskiy | The Opening Trade 02/20
President Donald Trump’s social media post denouncing Zelenskiy as “a modestly successful comedian” and “a dictator” marks an all-but-final rejection of Ukraine as a full partner in negotiations that Trump has initiated with Russia to end the war that began with President Vladimir Putin’s full-scale invasion of his neighbor three years ago. Trump abandons years of American support for Ukraine, as he prepares to meet with Putin as soon as this month to negotiate a deal to end the war. UK Prime Minister Keir Starmer repeated his support for Volodymyr Zelenskiy in a call with the Ukrainian president on Wednesday. Starmer “stressed the need for everyone to work together,” according to a readout of the call issued by Downing Street, and said it was “perfectly reasonable to suspend elections during war time as the UK did during World War II.” German Chancellor Olaf Scholz reiterated said “there must be no decision over the heads of Ukraine,” while Starmer said he was prepared to put troops on the ground as part of a peacekeeping force.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Kriti Gupta and Lizzy Burden.
Chapters:
00:00:00 – Opening Trade
00:01:58 – Anglo American Earnings Report
00:02:54 – Lloyds Outperforms FTSE100
00:05:56 – Truth Social: Trump Calls Zelenskiy ‘Dictator’
00:07:55 – Trump: New China Trade Deal Possible
00:11:08 – Merz: Scholz Needs Miracle to Win German Election
00:14:11 – California Wildfires: Zurich Insurance CEO on Future Impacts
00:19:57 – Zurich Insurance CEO Greco: Need to Discuss How Energy is Produced, Planet Impact
00:23:32 – Fed Set to Hold Rates Until Inflation Improves
00:26:18 – Japanese Yen Goes Past 150 VS US Dollar
00:31:47 – Mercedes CFO Says 2025 Targets Don’t Include Potential Tariifs
00:34:52 – Merz: Scholz Needs Miracle to Win German Election
00:45:32 – European Stock Markets Open
01:03:53 – Fortescue CEO on Profit Plunges
01:11:34 – German Elections: CDU, SPD Pledge Energy Reductions
01:11:43 – Europe Stock Markets Check
01:16:28 – Mario Draghi: EU Needs to ‘Do Something’ Or Admit It Can’t Deliver
01:23:13 – Germany Electricity Prices 3 Times US, China
01:25:21 – Lloyds Sets Aside £700m in Car Finance Saga
01:32:40 – Lloyds CEO on Bank of England Rate Expectations
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.
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00:03:23 – George Goncalves, MUFG
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Saudi Arabia’s potential reversal on its costly golfing venture is part of a wider pullback on sports investing, as it looks to prioritize returns, rather than cultural influence. Bloomberg’s Randall Williams explains.
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Armored vehicles are selling at a record clip as the middle class seeks protection against increasingly visible violent crime in Brazil. Bloomberg’s Leonardo Lara explains.
https://www.bloomberg.com/news/features/2025-12-15/brazil-street-robbery-videos-fuel-boom-in-bulletproof-armored-cars
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Has Donald Trump gotten soft on China?
He says he’s considering 10% tariffs on all Chinese imports, but that’s a far cry from the 60% he threatened during his campaign. Allen Wan breaks it down.
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Man Group’s Matt Rowe, Investment Company Institute’s Eric Pan, Needham’s Laura Martin, Netomi CEO Puneet Mehta & WndrCo’s Jeffrey Katzenberg, Former Minneapolis Fed President Gary Stern, Kayne Anderson Rudnick’s Julie Biel, Thornburg’s Christian Hoffmann, Seaport Research Partners’ Jay Goldberg, Christian & Timbers CEO Jeff Christian, IDC’s Nabila Popal, & BMO’s Kristin Milchanowski.
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00:00:00 – Bloomberg The Close
00:03:27 – Man Group’s Matt Rowe
00:11:41 – Investment Company Institute’s Eric Pan
00:16:59 – Top Calls
00:18:05 – Needham’s Laura Martin
00:23:58 – Netomi CEO Puneet Mehta & WndrCo’s Jeffrey Katzenberg
00:32:04 – Fmr. Minneapolis Fed President Gary Stern
00:40:05 – Kayne Anderson Rudnick’s Julie Biel
00:46:10 – Closing Bell
01:00:10 – Mark Gurman, Bloomberg News
01:05:34 – Thornburg’s Christian Hoffmann
01:15:13 – Seaport Research Partners’ Jay Goldberg
01:19:36 – Christian & Timbers CEO Jeff Christian
01:27:27 – IDC’s Nabila Popal
01:32:50 – BMO’s Kristin Milchanowski
01:37:16 – Ed Ludlow, Bloomberg News
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