Ukraine’s Audacious Strike, US Flamethrower Attack, China-US Deal Fractures
Bloomberg Daybreak: Europe Edition2 Juni 2025

Ukraine’s Audacious Strike, US Flamethrower Attack, China-US Deal Fractures

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) Ukraine staged a dramatic series of strikes across Russia, deploying drones hidden in trucks deep inside the country to hit strategic airfields as far away as eastern Siberia.

(2) The UK will create an “always on” munitions production capacity to allow it to scale-up its defense industry when needed, as it increasingly shifts to a war footing with Russia’s assault on Ukraine showing little sign of ending.

(3) A nationalist candidate backed by Donald Trump won Poland’s presidential election, defeating the centrist mayor of Warsaw in a blow to the country’s pro-European Union government.

(4) Six people were injured in an attack on an event in Boulder, Colorado, held in support of Israeli hostages, police and FBI officials said, sparking renewed concern about threats of antisemitic violence in the US. The FBI says the suspect was heard to yell 'Free Palestine' while using a makeshift flamethrower.

(5) China accused the US of violating their recent trade deal and vowed to take measures to defend its interests, dimming the prospect of an immediate leadership call that Donald Trump wants to have to further bilateral talks.

(6) The dollar will tumble to levels last seen during the Covid-19 pandemic by the middle of next year, hit by interest rate cuts and slowing growth, according to predictions by Morgan Stanley.

Podcast Conversation: Jesse Armstrong: ‘I’m Interested in the Power, Not the Money’

Podcast Image Source: Ukrainian Security Service

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