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Bloomberg Businessweek

Bloomberg Businessweek

Trump-Putin Diesel Deal Draws Backlash

Oct 12, 2026 · 30m

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF Stocks fluctuated near all-time highs Monday as traders looked ahead to the start of the earnings season and inflation data that will be key in shaping the Federal Reserve outlook. With Corporate America navigating one of the strongest profit cycles in recent history, equities have also defied concerns about elevated energy costs and bond yields. President Trump’s deal with Moscow on its diesel exports and his praise for Vladimir Putin are just the latest in a string of Russia-related news that have sparked criticism from Republicans weeks ahead of a…