European leaders to join Ukraine's Zelensky for meeting with Trump
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CNBC Daily Open: Trump's 'peace' for Ukraine doesn't seem like what Zelenskyy wants
There was no deal when U.S. President Donald Trump met his Russian counterpart Vladimir Putin on Friday. That was not unexpected. The summit, which was initially arranged to discuss a ceasefire to Moscow's war in Ukraine, was on Tuesday reframed by White House Spokesperson Karoline Leavitt as a "listening exercise" that allowed Trump to get a "better understanding of how we can hopefully bring this war to an end." Prior to the summit, analysts were already casting doubt on the talks advancing any real ceasefire in Ukraine. "Let's be clear, Putin does not take Trump seriously," Tina Fordham, founder of Fordham Global Foresight, told CNBC. And the fact that the summit was scheduled — and Putin invited to Alaska, the first time he stepped on U.S. soil in about a decade — was already a "big win" for the Kremlin leader, according to a comment by Richard Portes, head of the economics faculty at the London Business School, before the meeting took place. While no agreement was reached, Trump on Friday described the meeting as "very productive" — and announced the next day that he would be pursuing a "peace agreement" rather than a ceasefire between Russia and Ukraine. But peace means very different things to the Ukraine, Russia and America. To one, it could be the complete halt of armed warfare and the retreat of foreign troops from its soil. To another, it might seem like acquiring annexed territory. And for some, it might look like a shiny golden coin engraved with the profile of Alfred Nobel, regardless of the prerequisites. Trump calls on Ukraine to 'end the war with Russia.' The U.S. president on Sunday said that Ukrainian President Volodymyr Zelenskyy can either stop the conflict or "continue to fight." Putin has agreed that the U.S. and European nations could give Ukraine "Article 5-like" security guarantees, the White House said. OpenAI in share sales talk that would value it at $500 billion. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a source. The Dow Jones Industrial Average outperforms. Major stock indexes ended Friday mixed, with the Dow Jones Industrial Average rising a fractional 0.08%. Asia-Pacific markets mostly rose Monday. China's CSI 300 hit its highest level since October 2024. A trip by U.S. trade officials to India has been called off. The visit, which was expected to take place between Aug. 25 and Aug. 29, will likely be rescheduled, according to Indian news broadcaster NDTV Profit. [PRO] Fedspeak to parse for the week. Minutes for the U.S. Federal Reserve's August meeting come out Wednesday, while Fed Chair Jerome Powell will speak at Jackson Hole, a symposium of economic policy, on Friday. They may give clues on policy path. This Asian data center hub is grappling with the massive costs of AI: energy and water Johor, a state at the southern tip of Malaysia, has quietly become one of Southeast Asia's fastest-growing data center hubs amid the heightened compute demands of AI. Though that has created new economic opportunities and jobs, there are signs the industry is pushing the limits of the state's energy capacity and natural resources, with officials slowing approvals for new projects.
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Zelenskyy arrives in Washington, DC for Trump meeting, urges lasting peace with Russia
Ukrainian President Volodymyr Zelenskyy confirmed his arrival in Washington, D.C., on Sunday ahead of a meeting with President Donald Trump to discuss an end to the war with Russia. "I have already arrived in Washington, tomorrow I am meeting with President Trump. Tomorrow we are also speaking with European leaders. I am grateful to @POTUS for the invitation. We all share a strong desire to end this war quickly and reliably. And peace must be lasting," Zelenskyy wrote, in part, on X on Sunday. Zelenskyy will be bringing a group of European leaders to the Monday meeting, and Trump said on Truth Social it is a "great honor to host them all." Zelenskyy said this meeting must be different from past discussions on how to achieve peace with Russia, which allowed Moscow to take over Crimea and part of Donbas in 2014. He also noted that "so-called 'security guarantees'" given to Ukraine in 1994 in the years after the fall of the Soviet Union did not work. The Ukrainian president said his country would not tolerate another temporary truce, maintaining that only enforceable guarantees from the U.S. and Europe could prevent Moscow from launching future attacks. In his post on X, Zelenskyy highlighted some of the recent "successes" by Ukrainian forces, emphasizing his assurance that Kyiv can and will defend its territory with continued Western backing. "Ukrainians are fighting for their land, for their independence. Now, our soldiers have successes in Donetsk and Sumy regions. I am confident that we will defend Ukraine, effectively guarantee security, and that our people will always be grateful to President Trump, everyone in America, and every partner and ally for their support and invaluable assistance," he maintained. While Zelenskyy expressed his gratitude to Trump, America and European allies for the support, he also said he hopes "joint strength" will push Russia to end the war it started more than three years ago. "Russia must end this war, which it itself started. And I hope that our joint strength with America, with our European friends, will force Russia into a real peace. Thank you!," the post concluded. The push comes after Russian President Vladimir Putin reportedly demanded that Ukraine withdraw from two eastern regions during a summit with Trump in Alaska on Friday. Trump appeared to show support for Putin's request in a post on Truth Social on Sunday night, writing that Zelenskyy does have the ability to "end the war with Russia." "President Zelenskyy of Ukraine can end the war with Russia almost immediately, if he wants to, or he can continue to fight. Remember how it started. No getting back Obama given Crimea (12 years ago, without a shot being fired!), and NO GOING INTO NATO BY UKRAINE. Some things never change!!!" he wrote. Zelenskyy has repeatedly stated that Ukraine is not giving up any territory.
