Bloomberg News Now: European Leaders Push Back on Trump's Ukraine Plan, Fed Rate Cut Debate, and More

European Concerns Over Trump's Ukraine Peace Plan

• 🇪🇺 European leaders and allies have informed the U.S. that its peace plan for Ukraine requires additional work.
• ⏳ This comes as a Trump administration is reportedly determined to make concessions to Russia and impose terms by Thanksgiving.
• 📄 A statement was issued at a G20 summit in South Africa, where controversial details of a 28-point peace plan were leaked.
• ⏱️ Panicked leaders sought to buy President Volodymyr Zelensky time to develop a counter proposal that would not alienate an impatient U.S.

Geopolitical and Security Updates

• 🇮🇱 Israel Defense Forces initiated strikes against Hamas targets in Gaza following an armed individual crossing a ceasefire line.
• ⚠️ The FAA has warned aircraft to exercise caution in Venezuelan airspace due to an escalating standoff and heightened military activity.

U.S. Domestic and Economic News

• 📉 Investors are closely watching the Federal Reserve's December policy meeting, with division intensifying over whether to cut interest rates.
• 📊 Some officials signal support for a rate cut, while markets are betting on a change with odds above 60%.
• 🏛️ Former President Trump commented on Marjorie Taylor Greene's resignation, stating he disagreed with her philosophy.

Business and Technology News

• 📈 Robinhood Markets is expanding its prediction market offerings for sports bettors, with an interface resembling online betting platforms.
• 💻 A phone phishing attack led to a breach of a Harvard University database, compromising personal contact information and donation details.
• 📰 The dispute between an English local council and its newspaper highlights how press freedom is under fire globally.