Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin in the nation's capital. Steve Scalise has pulled
Speaker 3: out of the race for House Speaker. Bloomberg's Amy Morris
Speaker 3: has the latest from Washington.
Speaker 4: Representative Scalise simply didn't have the votes.
Speaker 5: I withdrawing my name as a candidate for the.
Speaker 4: Speaker does a need struggle only deepened divisions within the party,
Speaker 4: prolonging the houses in ability to address an approaching fiscal
Speaker 4: deadline and respond to the war in the Middle East.
Speaker 6: It's much bigger than me, and it's much bigger than
Speaker 6: anybody else.
Speaker 7: And nobody's going to use me as an excuse.
Speaker 5: To hold back our ability to get the House opened again.
Speaker 8: We still need to get a speaker.
Speaker 4: It is not clear where Republicans go from here. They
Speaker 4: are going to meet again later this morning to discuss
Speaker 4: what to do next in Washington. I'm Amy Morris, Bloomberg Radio.
Speaker 2: All right, Amy, thank you. Now let's turn to the
Speaker 2: latest and the war between Israel and Hamas. More than
Speaker 2: twenty eight hundred people have been killed on both sides.
Speaker 9: Now.
Speaker 2: Israel has called for an unprecedented evacuation of all civilians
Speaker 2: from Gaza City ahead of a likely ground invasion. This
Speaker 2: is Israeli Defense Forces spokesman Jonathan Conricus out of.
Speaker 5: An understanding that there are civilians here whom are not
Speaker 5: our enemy, as we do not want to target them.
Speaker 5: We are asking them to evacuate so that we will
Speaker 5: be able to continue to strike military targets belonging to
Speaker 5: Hamas in the Gaza strip.
Speaker 2: IDF spokesman Jonathan Conriquez says the United Nations has twenty
Speaker 2: four hours to move its staff. The UN says the
Speaker 2: order is impossible. It's urging Israel to reverse its decision.
Speaker 2: Israel's military says it struck seven hundred and fifty military
Speaker 2: targets in northern Gaza overnight. Hama says the Israeli bombardments
Speaker 2: killed thirteen of its hostages. The militant group kidnapped at
Speaker 2: least ninety seven people during last Saturday's attack.
Speaker 3: Well Karen, Secretary of State Antony Blincoln is traveling now
Speaker 3: to Saudi Arabia, Egypt, and other allied countries in the
Speaker 3: Middle East as part of US effort to keep the
Speaker 3: conflict from spreading further.
Speaker 1: Blinken spoke in Tel Aviv yesterday.
Speaker 7: The message that I bring to Israel is this, you
Speaker 7: may be strong enough on your own to defend yourself,
Speaker 7: but as long as America exists, you will never ever
Speaker 7: have to.
Speaker 1: We will always be there by your side.
Speaker 3: Man Secretary Blincoln's trip to Israel comms as the US
Speaker 3: reaches an informal understanding with Katar to hold off on
Speaker 3: distributing six billion dollars in oil revenue that Iran was
Speaker 3: allowed to access under a prisoner exchange deal.
Speaker 2: Well Nathan, Iran's Foreign minister, is warning that militant groups
Speaker 2: back by Tehran could open a new front against Israel
Speaker 2: if at tax on civilians continue. The Foreign Minister will
Speaker 2: meet today with the leader of the militant group, has
Speaker 2: Belah in Lebanon, and Hamas called for a day of
Speaker 2: rage across the Muslim world and mass protests against Israel today.
Speaker 2: In response, Israel's National Security Council and Foreign Ministry warned
Speaker 2: Israelis and Jews around the world to be vigilant and
Speaker 2: stay away from demonstrations.
Speaker 3: Let's turn back to markets now, Karen, Big banks will
Speaker 3: be in focus as we close out this trading week.
Speaker 3: JP Morgan, Chase, City Group, and Wells Fargo report earnings
Speaker 3: this morning, and we get a preview from Bloomberg's Charlie Pellett.
Speaker 10: Those banks are poised to write off more bad loans
Speaker 10: since the early days of the pandemic, as lenders contend
Speaker 10: with consumers struggling to keep up with rising interest rates
Speaker 10: and a commercial real estate industry that is grappling with
Speaker 10: work from home and its fallout. Bank stocks are hovering
Speaker 10: near the lowest level of the year, a market back
Speaker 10: in May following First Republic banks collapse. Among the other
Speaker 10: challenges are new regulatory proposals that would impose higher capital
Speaker 10: requirements on banks in New York. Charlie Pellett, Bloomberg.
Speaker 1: Radio, all right, Charlie, thank you.
Speaker 2: We have an update on two perposed takeovers. First, the
Speaker 2: state of California is preparing a lawsuit to blank Kroeger's
Speaker 2: twenty four point six billion dollar acquisition of Albertson's. The
Speaker 2: FDC has been conducting its own review of the merger,
Speaker 2: which would combine the two biggest traditional supermarket chains in
Speaker 2: the US.
Speaker 3: On the flip side, Karen Microsoft's sixty nine billion dollar
Speaker 3: acquisition of Activision Blizzard's got an approval from the UK's
Speaker 3: competition watch dog, removing the final major global regulatory hurdle
Speaker 3: that stood in the way of the biggest gaming deal ever.
Speaker 3: This morning, the Competition in Market's Authority said Microsoft's restructured
Speaker 3: offer to sell some gaming rights to Ubersoft satisfied any
Speaker 3: competition concerns.
Speaker 2: It had and Nathan we continue to follow the trial
Speaker 2: of Sam benk Ben freed. His former girlfriend and former
Speaker 2: CEO of Alimtor Research, Caroline Ellison, wrapped up her testimony
Speaker 2: in the front trial, and Bloomberg's Tony Erren says the
Speaker 2: most exciting part of Ellison's appearance came at the very end.
Speaker 9: Both the prosecutors and the defense asked Caroline Ellison about
Speaker 9: a November twenty twenty two meeting with Alameda employees where
Speaker 9: she laid out the truth of what was going on.
Speaker 9: SBF Lawyer's got her to admit that she told the
Speaker 9: employees that she admitted that there was wrongdoing.
Speaker 2: Bloomberg's Tony Erin says that trial continues today with testimony
Speaker 2: from Zach Prince, the CEO of Block five, a company
Speaker 2: bailed out by FTX.
Speaker 3: Let's get to the latest on the autoworkers strike. Karen
Speaker 3: Ford says its offer of a twenty three percent raise
Speaker 3: to the union is the best it can do and
Speaker 3: that going any higher would hurt the company. The United
Speaker 3: Auto Workers escalated their nearly month old strike by walking
Speaker 3: out of Ford's largest plant this week when the automaker
Speaker 3: failed to sweeten its economic proposal.
Speaker 2: And Nathan Jeff Bezos is adding to a sprawling real
Speaker 2: estate empire. Sources say the Amazon founder has agreed to
Speaker 2: pay seventy nine million dollars for a seven bedroom a
Speaker 2: mansion in Indian Creek, a man made barrier island in
Speaker 2: the Miami area. It appears the world's third richest person
Speaker 2: got a discount. He paid about seven percent less than
Speaker 2: the listing price in May.
Speaker 10: And this is Bloomberg.
Speaker 2: And it's time now for a look at some of
Speaker 2: the other stories making news around the world. For that,
Speaker 2: we're joined by Bloomberg's Amy Morris. Amy, good morning, Thank you, Karen,
Speaker 2: Good morning.
Speaker 4: The US government will launch charter flights starting to date
Speaker 4: for any US citizens and their families who want to
Speaker 4: leave Israel. Bloomberg's at Nancy Lyons reports.
Speaker 11: The administration says it does not have an estimate of
Speaker 11: how many Americans want to leave, but National Security spokesman
Speaker 11: John Kirby says flights will be made available.
Speaker 12: United States government will arrange charter flights to provide transportation
Speaker 12: from Israel two sites in Europe.
Speaker 5: They're still working through some of the details of that.
Speaker 11: Most commercial airlines ceased flying into Israel following Saturday's attack.
Speaker 11: Kirby says they're also looking at evacuations by land and sea,
Speaker 11: though no concrete missions have been announced. In Washington, Nancy
Speaker 11: lyons Bloomberg Radio.
Speaker 4: More than one hundred and fifty House lawmakers from both
Speaker 4: parties came together last night to hold a candlelight vigil
Speaker 4: at the US capital steps for the victims of the
Speaker 4: Hamas attack in Israel. Republican Representative And Wagner of Missouri.
Speaker 3: The civili slaughter of women, children, families is beyond.
Speaker 1: Belief. We will not stand for this in Congress.
Speaker 4: Representative Wagner says they stand with Israel and the eradication
Speaker 4: of Hamas. And we told you that Hamas is calling
Speaker 4: for a day of rage and mass protests today. Well,
Speaker 4: that's also prompted warnings for Israelis and Jews around the
Speaker 4: world to be vigilant, and as a result, the Striking
Speaker 4: Actors Union has canceled all pickets for today in Los
Speaker 4: Angeles and New York, as President Biden prepares to visit
Speaker 4: Philadelphia today to discuss his economic agenda. Shooting in a
Speaker 4: parking garage at the city's International Airport last night killed
Speaker 4: one police officer and injured another. Interim Commissioner John Stanford,
Speaker 4: there are multiple.
Speaker 9: Suspects that were involved in this situation, so I'm still
Speaker 9: trying to get some of the additional information on those other
Speaker 9: individuals that were involved, so we can get that information
Speaker 9: out a quickly as.
Speaker 1: We possibly can.
Speaker 4: Fully say, someone matching a suspects description was also transported
Speaker 4: to a local hospital and pronounced dead. Still not clear
Speaker 4: if that person is connected to the shooting. Former President
Speaker 4: Donald Trump is planning to return to his civil fraud
Speaker 4: trial in New York to watch Michael Cohen testify. Trump
Speaker 4: is currently in the middle of a two hundred and
Speaker 4: fifty million dollars civil fraud case. His former lawyer is
Speaker 4: expected to give two days of testimony next week. Global
Speaker 4: News twenty four hours a day, powered buy more than
Speaker 4: twenty seven hundred journalists and analysts in more than one
Speaker 4: hundred twenty countries. I Amy Morris, this is Bloomberg all.
Speaker 2: Right, Amy, thank you. While we bring you news throughout
Speaker 2: the day here on Bloomberg Radio. But now you can
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Speaker 2: You can listen and subscribe to Bloomberg News Now on
Speaker 2: the Bloomberg Business app, Bloomberg dot com plus apples, Spotify,
Speaker 2: and anywhere else you get your podcasts. Time now for
Speaker 2: the Bloomberg Sports Update. Here's John stash Hour, John.
Speaker 12: Darren Bray's and Phillies game four their NLDS in Philadelphia.
Speaker 12: There were four solo home runs hit in the game,
Speaker 12: and three of them by the field, So I'll not hitting.
Speaker 10: The airtep to left field pull our turns.
Speaker 13: That one is gonna be love good just under the
Speaker 13: Lycios Bakery side and left field. Trey Turner is three
Speaker 13: for three tonight. Eddie's given the Pills a two to
Speaker 13: one lead as the fireworks go up over the bill
Speaker 13: and right center field.
Speaker 12: Wn uIP Radio had the call that home run game
Speaker 12: fifth inning, the turner home run coming between two by
Speaker 12: Nick Castillanos. He had hit two in Game three Austin
Speaker 12: Reilly Homard for the Braves and the fourth inning, but
Speaker 12: Atlanta had only four other hits against six Philadelphia pitchers.
Speaker 12: The Phillies won the game three to one. They won
Speaker 12: the series three to one, and they're back in the
Speaker 12: National League Championship Series to play Arizona. The ALCS between
Speaker 12: Texas and Houston will get going on Sunday. Clayton Kershaw
Speaker 12: roughed up in Game one of the NLDS by Arizona
Speaker 12: and will the Dodgers Ace now retire?
Speaker 1: He's thirty five.
Speaker 12: Asked about it and he gave no comment. Had a
Speaker 12: great regular season with thirteen wins with two and a
Speaker 12: half ERA, but struggled in that postseason start Thursday Night Football,
Speaker 12: the Chiefs had to settle for four field goals, but
Speaker 12: they beat Denver nineteen to aid. Patrick mahomes thirty of
Speaker 12: forty three hundred yards, Travis Kelcey nine catches one hundred
Speaker 12: and twenty four yards. The Chiefs are five and one
Speaker 12: and the Broncos are one in five. John Staneshawer Bloomberg.
Speaker 7: Sports from coast to coast, from New York to San Francisco,
Speaker 7: Boston to Washington, d C. Nationwide on Syrias exam the
Speaker 7: Bloomberg Business app in Bloomberg dot Com.
Speaker 3: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. The
Speaker 3: leadership vacuum on Capitol Hill just got more intense. Steve Scalise,
Speaker 3: who just barely won nomination from his Republican party, has
Speaker 3: now dropped his bid to be the next House Speaker.
Speaker 3: That leaves Congress unable to act not just on government spending,
Speaker 3: but on aid to Israel, as that country's war with
Speaker 3: Hamas appears now for a ground invasion of Gaza. For
Speaker 3: the latest on all this, we're joined by Bloomberg News
Speaker 3: Senior editor Bill Ferries.
Speaker 1: Bill, Good Morning.
Speaker 3: The frozen Congress really couldn't have come at a worse time,
Speaker 3: and now with Scalise out, it's tough to see a
Speaker 3: way out exactly.
Speaker 8: I mean.
Speaker 14: Steve Scalise's candidacy didn't last really more than twenty four hours.
Speaker 14: He's known as someone who can count votes, and I
Speaker 14: think he immediately saw after a few hours after he
Speaker 14: was picked that he didn't have the votes, and members
Speaker 14: were coming out, you had enough members saying that they
Speaker 14: would never vote for him. It's not clear that the
Speaker 14: Republican Party can get two hundred and seventeen votes for
Speaker 14: anybody at this point. Jim Jordan of course got I
Speaker 14: think ninety nine votes from his Republican colleagues, but I
Speaker 14: think he'll face some of the same challenges that Scalisee did,
Speaker 14: and that there will be at least four or five
Speaker 14: Republicans who will say no way. And that doesn't leave
Speaker 14: us with any clear Plan B or Plans SEE at
Speaker 14: this point.
Speaker 3: So it sounds as though if there were to be
Speaker 3: a Plan B or a Plan SEE, since it doesn't
Speaker 3: sound like there's enough Republican support for anyone that the
Speaker 3: Democrats might need to be the Plan B.
Speaker 1: Is that something that appears likely at this point.
Speaker 14: Well, it's it's an idea that two two top Republican
Speaker 14: chairmen who oversee foreign affairs issues, Mike Rogers, who's an
Speaker 14: Armed Services chairman, and Michael McCall, who runs the Foreign
Speaker 14: Affairs Committee, they've both proposed that that possibly they, you know,
Speaker 14: start talking to Democrats about what concessions they would need
Speaker 14: to make to get a leader approved on the floor.
Speaker 14: That's not something we've really seen in our you know,
Speaker 14: in our lifetimes.
Speaker 8: That kind of a negotiation.
Speaker 14: So it's not clear if the Democrats want to go
Speaker 14: down that path, but it shows, I think the kind of.
Speaker 8: Frustration that Republicans have at this point.
Speaker 14: I mean, it's it's total chaos and they don't see
Speaker 14: that's really a sign that they don't see anyone on
Speaker 14: their side of the party who could win unanimous support
Speaker 14: from the party.
Speaker 1: Yeah, not to now.
Speaker 3: There was so much urgency behind an effort to get
Speaker 3: somebody to fill the speaker's chair, because not only do
Speaker 3: we have another government shutdown deadline coming up in the
Speaker 3: middle of next month, but now we have war between
Speaker 3: Israel and Hamas and this urgent effort to try to
Speaker 3: get more support to Israel. Is there any movement that
Speaker 3: can happen there without a speaker to move things along?
Speaker 14: Well, I mean there's a couple theoretical options which we
Speaker 14: might might move into the realm of reality before long.
Speaker 14: One is whether the House would vote to grant interim
Speaker 14: Speaker Patrick McHenry enough power to be able to pass
Speaker 14: a couple key bills or legislation, and I think Israel
Speaker 14: would be at the top of a lot of people's
Speaker 14: list now, both on the Publican side on the Democratic side.
Speaker 14: But you know, beyond that, it's getting very difficult to
Speaker 14: see how this kind of an aid package gets through.
Speaker 14: Some members for both parties have proposed up to two
Speaker 14: billion dollars in aid for Israel, but without a speaker,
Speaker 14: or without some sort of a key decision about the
Speaker 14: interim speaker mckenry, that's not going to go anywhere.
Speaker 3: And of course it does look as though we could
Speaker 3: be seeing a ground invasion in the Gaza Strip now,
Speaker 3: with Israel telling more than a million citizens in the
Speaker 3: northern Gaza Strip to evacuate. But I mean, this is
Speaker 3: one of the most heavily populated areas in the world,
Speaker 3: as you know, Bill, and we're hearing from the United
Speaker 3: Nations that this is impossible.
Speaker 1: So where does this go from here?
Speaker 8: Right?
Speaker 14: So, the United Nations team in Gaza was told they
Speaker 14: had just before midnight, they were that they had twenty
Speaker 14: four hours to evacuate their staff, and they were told
Speaker 14: to help evacuate everyone who basically lives north of southern
Speaker 14: Gaza City that's one point one million people. The UN
Speaker 14: has said it's impossible to do that kind of an
Speaker 14: evacuation on such short notice, let alone, even if you
Speaker 14: had time, I think it would be very difficult. But
Speaker 14: it is the latest sign that the ground invasion is
Speaker 14: probably getting even closer.
Speaker 8: At this point. Egypt has said.
Speaker 14: That it would like to open a humanitarian corridor in
Speaker 14: the south on its border with Gaza, but it doesn't
Speaker 14: want to take have people crossing the border into Egypt.
Speaker 14: It wants to stend some aid in food aid, medical aid, water,
Speaker 14: things like that, but it doesn't want to become the
Speaker 14: recipient of a mass flood of refugees. So with the
Speaker 14: clock certainly appearing to be ticking in terms of where
Speaker 14: we are on this ground invasion, it's not clear that
Speaker 14: the situation on the ground is going to get any
Speaker 14: better anytime soon.
Speaker 6: This is Bloomberg Daybreak Today, your morning brief on the
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Speaker 1: I'm Nathan Hager and I'm Karen Moscow.
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