Zelenskiy and EU Leaders Hold Key Call with Trump; Markets in Record Territory

On today's podcast: 1) Ukrainian President Volodymyr Zelenskiy said he won’t cede the eastern region of Donbas to Russia and pushed for Kyiv to be included in talks as the US and Russian leaders prepare to meet on Friday. 2) European stocks advanced as risk-on sentiment, fueled by mounting expectations of Federal Reserve interest rate cuts, continued to lift global equity markets and push bond yields lower. 3) Treasury Secretary Scott Bessent suggested that the Federal Reserve ought to be open to a bigger, 50 basis-point cut in the benchmark interest rate next month, after having skipped a move at the last meeting. See omnystudio.com/listener for privacy information.