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 1: We begin with the latest on the war in the
Speaker 1: Middle East.
Speaker 3: It is day eleven of Israel's fight with Hamas, and
Speaker 3: now President Biden is making plans to travel to the
Speaker 3: region on day twelve. Secretary of State Anthony Blinken made
Speaker 3: the announcement after a marathon meeting with Israeli Prime Minister
Speaker 3: Benjamin Natanyahu.
Speaker 4: He's coming here at a critical moment for Israel, for
Speaker 4: the region, and for the world, and he's coming here
Speaker 4: to do the following. First, the President will reaffirm the
Speaker 4: United States solidarity with Israel and our ironclad commitment to
Speaker 4: its security.
Speaker 3: Secretary Blincoln also says President Biden's trip will send a
Speaker 3: message to state and non state actors in the region
Speaker 3: not to try to attack Israel. He says Israel has
Speaker 3: agreed to work with the US on a plan to
Speaker 3: bring humanitarian aid into civilians in Gaza.
Speaker 2: Well Nathan, Israel's ambassador to the US, says his country
Speaker 2: does not want to occupy Gaza. In the wake of
Speaker 2: Hamasa's death. Assault and Michael Herzog spoke to Bloomberg's and
Speaker 2: Marie hor Dern and Joe Matthew.
Speaker 5: It is not our intention to reoccupy Gaza and rule
Speaker 5: over the lives of two million Palestinians. That definitely is
Speaker 5: not the option. We cannot conduct them or only through
Speaker 5: our strikes. And as everybody knows, we are preparing also
Speaker 5: a ground operation. Ground press doesn't necessarily mean that we
Speaker 5: are going to occupy, occupy Gaza and stay there for years.
Speaker 2: Israel's ambassador to the US, Michael Herzog, declined to give
Speaker 2: a timetable for a ground invasion of the Gaza strip.
Speaker 3: The meantime, Karen Palestinian Prime Minister Mohammad Staya says his
Speaker 3: people will not be forced out of the territory.
Speaker 6: We are people of civilization, We are not animals like
Speaker 6: there are painting us. And our people will not surrender
Speaker 6: and to let them know that our people will not
Speaker 6: migrate and will not leave the land.
Speaker 3: Palestinian Prime Minister Mohammag Stias comments come as the Associated
Speaker 3: Press reports heavy Israeli bombing in southern Gaza. According to
Speaker 3: Palestinian officials, that is the area where Israel had told
Speaker 3: civilians to take refuge. State media and Lebanon are reporting
Speaker 3: the Israeli army struck two border villages in southern Lebanon.
Speaker 3: The Israeli military had reported a shooting toward an Israeli
Speaker 3: border town earlier.
Speaker 2: Well, Nathan. It may be overshadowed by Israel's conflict with Hamas,
Speaker 2: but Russian the leader of Vladimir Putin and China's Shijin
Speaker 2: Ping are scheduled to meet in Beijing, and Bloomberg Daybreak
Speaker 2: Asia anchor Brian Curtis has more.
Speaker 7: Putin travels abroad about as much as china Shijin Ping
Speaker 7: almost never. Putin has an arrest warrant issued against him
Speaker 7: by the International Criminal Court. That's for alleged war crimes
Speaker 7: in Ukraine. But he's here in China to help rejig
Speaker 7: the infrastructure scheme that she calls the project of the century.
Speaker 7: Putin will attend the forum and meet she tomorrow. The
Speaker 7: two will, no doubt laud their growing relationship, one viewed
Speaker 7: with caution by both Washington and Brussels in Hong Kong.
Speaker 7: Brian Curtis Bloomberg Radio.
Speaker 3: Okay, Brian, thank you, turning to politics back home. We're
Speaker 3: scheduled to get an indication today of how close we
Speaker 3: are to having a new Speaker of the House. Bloomberg
Speaker 3: zed Baxter has the latest Republican nominee.
Speaker 8: Jim Jordan says there will be a vote today and
Speaker 8: that he has picked up critical support.
Speaker 9: It's not about frushureing anybody. It's about we've got to
Speaker 9: have a speaker. You can't open the house and do
Speaker 9: the work of the American people and help our dearest
Speaker 9: and closest friend Israel if you don't have a speaker.
Speaker 9: So we get the speaker, we get the house open,
Speaker 9: and we get to work on the resolution.
Speaker 8: Jordan says critical support from Armed Services Chair of Mike roberts,
Speaker 8: Ken Calvert from appropriations and Anne Wagner from Foreign affairs.
Speaker 8: Vote may come as early as noon. Ad Baxter, Bloomberg.
Speaker 2: Radio Right, and thank you. Turning to the markets. Bank
Speaker 2: earnings continue this morning, with both Goldman Sachs and Bank
Speaker 2: of America reporting, and Bloomberg's Tom Busby has a preview.
Speaker 10: Higher deposit costs lower advisory fees expected to weigh on
Speaker 10: profits at Goldman Sachs, but it's expected to have benefited
Speaker 10: from pose of momentum in the IPO market. Advising on
Speaker 10: three of the four biggest deals this year. Meantime, thanks
Speaker 10: to higher lending rates, Bank of America's net interest income
Speaker 10: is set to rise two and a half percent topping
Speaker 10: fourteen billion dollars. Advertised to just at earnings at eighty
Speaker 10: one cents a share. Tom Busby Bloomberg Radio.
Speaker 11: Okay, Tom, thanks.
Speaker 3: Got a warning on interest rates from Philadelphia Fed President
Speaker 3: Patrick Harker. He says the Central Bank should not be
Speaker 3: thinking about additional rate hikes. He says small businesses are
Speaker 3: already struggling with higher rates.
Speaker 12: You might get ready for the fact that a lot
Speaker 12: of these firms may not make it with the higher rates,
Speaker 12: which again feeds back into my view that this is
Speaker 12: why we should hold rates steady. We should not at
Speaker 12: this point be thinking about any increases.
Speaker 3: Philadelphia's Patrick Harker's come out as one of the Fed's
Speaker 3: biggest doves. He says, policymakers have already raised rates enough
Speaker 3: to quell inflation, and.
Speaker 2: We continue to follow the trial of Sam Bankman Freed,
Speaker 2: a third member of the FTX co founder's inner circle
Speaker 2: has been testifying against him. Nishan Singh, fdx's former engineering director,
Speaker 2: says he felt blindsided when he learned of the exchange's
Speaker 2: thirteen billion dollars shortfall, and Bloomberg's Bob van Voris has
Speaker 2: details from the courthouse well.
Speaker 13: Certainly the most dramatic part was at the end when
Speaker 13: he was talking about the slide of FTX and Alomeda
Speaker 13: into bankruptcy, and at the end he said the accusation
Speaker 13: that he was getting for helping to blow up the
Speaker 13: firm had him suicidal. He claims he only knew about
Speaker 13: the fraud beginning around September of twenty two, and that
Speaker 13: he wanted Sam Pak mcfree to step up and take responsibility.
Speaker 1: For all of us and Bloomberg's Bob A.
Speaker 2: Van Voris as prosecutors could wrap up their case by
Speaker 2: the end of the week. This is Bloomberg Time now
Speaker 2: for a look at some other stories making news around
Speaker 2: the world. For that, we're joined by Bloomberg's John Tucker. John,
Speaker 2: good morning, and.
Speaker 14: Good morning to Karen. Former President Trump says Phillip P
Speaker 14: Late partialt gag order imposed by the judge in his
Speaker 14: election interference case. The ordered limit what Trump can say
Speaker 14: about the case. Potential witnesses, and the prosecutor Special Council
Speaker 14: Jack Smith at a campaign stop and I am a
Speaker 14: former president reacted to the order.
Speaker 7: What they don't understand is that I am willing to
Speaker 7: go to jail if that's what it takes for our
Speaker 7: country to win and become a democracy again.
Speaker 14: Trump arrived in New York overnight and is expected to
Speaker 14: be in court at his civil fraud trial today. A
Speaker 14: funeral was held for a young boy who was brutally
Speaker 14: stabbed to death near Chicago in an attack that's being
Speaker 14: investigated as a hate crime. Please say the six year
Speaker 14: old and his mother were attacked by their seventy one
Speaker 14: year old landlord because they're Muslim and because of hatred
Speaker 14: tying to the Israel Hamas war augment Ry hobb Is
Speaker 14: with a Council on American Islamic Relations.
Speaker 15: To what extent was this person radicalized and brainwashed by
Speaker 15: the slop sided, one sided atmosphere that has fanned the
Speaker 15: flames of hatred against Muslims and Palestinians.
Speaker 14: Belgian police shown and captured a Tunisian man susp killing
Speaker 14: two Swedish football fans as they investigate a possible terrorist
Speaker 14: related motive. European cities have been on high alert for
Speaker 14: possible extremist acts after the attacks by Hamas, but prosecutors
Speaker 14: said laid Monday there's no indication yet of a link
Speaker 14: to the conflict. A complete ballot count confirms that three
Speaker 14: coalition parties that bound to restore democratic standards in Poland
Speaker 14: together one over fifty four percent of the votes in
Speaker 14: that nation's weekend election that puts them in a position
Speaker 14: to take power. And India's top court has refused to
Speaker 14: legalize same sex marriages there, with the Chief Justice of
Speaker 14: the country saying it was up to Parliament to create
Speaker 14: such a law. And holiday season spending expected to rise
Speaker 14: this year versus last year, that the increase among middle
Speaker 14: income shoppers is forecast to be far smaller because of
Speaker 14: the impact of student loans. Deloitte survey predicts shoppers spend
Speaker 14: an average of sixteen hundred dollars of fourteen percent from
Speaker 14: last year. Global News twenty four hours a day. We're
Speaker 14: powerplaying more than twenty seven hundred journalist and the analysts
Speaker 14: in more than one hundred and twenty countries. I'm John Tucker.
Speaker 14: This see it's Bloomberg. Karen.
Speaker 2: All right, John, thank you while we bring you news
Speaker 2: throughout the day here on Bloomberg Radio. But now you
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Speaker 2: You can listen and subscribe to Bloomberg News Now on
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Speaker 2: and anywhere else you get your podcasts. It is time
Speaker 2: now for the Bloomberg Sports Update, and here's John stash Hour,
Speaker 2: John Karen.
Speaker 11: The Phillies won the nationally penned last year as a
Speaker 11: wildcard team and now trying to do it again. Game
Speaker 11: one of the Nationalge Championship Series, Phillies hosting Arizona, who
Speaker 11: had yet to lose of the postseason. Kyle Schwarber hit
Speaker 11: Zach Gallen's first pitch out for a home run, and
Speaker 11: then just two batters later.
Speaker 16: Speaking of no doubters, here's Bryce Hartper. The pitch swing
Speaker 16: and a high fly ball drilled right.
Speaker 14: Center field, Way back go.
Speaker 7: Bryce Harper, a solo homer in the Phillies leader two
Speaker 7: to nothing as he circles the bases and they're going
Speaker 7: crazy there at the bank.
Speaker 11: ESPN had to call second in Nick Castianos with his
Speaker 11: fifth home run in the last three games. Phillies beat
Speaker 11: the Diamondbacks five to three behind Zach Wheeler. Game two
Speaker 11: is tonight in Philly. Texas won again five to four
Speaker 11: at Houston. Rangers, yet to lose in this postseason, and
Speaker 11: they go home up two games to none on the Astros.
Speaker 11: In the ALCS, Kim Ang made history as baseball's first
Speaker 11: female general manager, but no longer with the Miami Marlins
Speaker 11: after three years on the job. Phillys some disagreements with ownership.
Speaker 11: I'm gonna football in La. The Cowboys beat the Chargers
Speaker 11: twenty to seventeen. They bounce back from that forty two
Speaker 11: to ten loss to the forty nine Ers, and they're
Speaker 11: ten to one coming off a loss since twenty twenty one.
Speaker 11: Justin Philips Chato Quarterbacks got to dislocate Thumm, He's doubtful
Speaker 11: For Sunday hockey in Washington, the Capital's meet Calgary three
Speaker 11: two in a shootout. Johns dash Allen Bloomberg sports.
Speaker 17: From coast to coast, from New York to San Francisco,
Speaker 17: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg
Speaker 17: Business app, and Bloomberg dot Com. This is Bloomberg.
Speaker 3: Daybreak, Good morning, I'm Nathan Hager. Intense diplomacy continues in
Speaker 3: Israel to try to prevent its war with Hummas from
Speaker 3: spilling into a broader regional conflict. President Biden is about
Speaker 3: to step into that diplomatic effort. He will be in
Speaker 3: Israel tomorrow, following up on a whirlwind trip through the
Speaker 3: region by Secretary of State Anthony Blinken and joining us
Speaker 3: once again from Tel Aviv is Bloomberg's Israel Bureau chief
Speaker 3: Ethan Browner. And Ethan, it's hard to think of higher
Speaker 3: stakes for the President to visit a region as Israel
Speaker 3: is looking more and more prepared for this ground defensive
Speaker 3: into Gaza.
Speaker 18: You're all right, Nathan, it is hard to imagine a
Speaker 18: higher stake situation. We have the head of Scentcom, the
Speaker 18: regional Pentagon branch that's in charge of this area, is
Speaker 18: here today at Lloyd Austin, here last week, Tony Blinkoln
Speaker 18: yesterday and tomorrow, and of course the President so and
Speaker 18: Ola Schultz, the German Chancellor, is.
Speaker 16: Here today, going to be here last afternoon.
Speaker 18: So it's an absolutely enormous, complicated effort to try to
Speaker 18: contain this conflict.
Speaker 16: And also I think, you know.
Speaker 18: It's a bit of a bear hug to Israel to
Speaker 18: say we really love you, we really are behind you,
Speaker 18: we really feel the horror of what happened on October seventh,
Speaker 18: But please think very carefully about what you're doing in Gaza.
Speaker 3: Are we seeing signs ethan that that thought is being
Speaker 3: put into place. I mean, we've seen reports just this
Speaker 3: morning of bombing into southern Gaza, the area that Israel
Speaker 3: had told hundreds thousands of civilians in the Gaza Strip
Speaker 3: to flee toward.
Speaker 18: Indeed, I mean a briefing the military spokesman said, look,
Speaker 18: when we see a target, we go for it. And
Speaker 18: so he said, there was a Humus target and we
Speaker 18: went after it. I can't speak to the you know,
Speaker 18: exactly what they saw and what they got, but that
Speaker 18: was this response to that. I am not seeing any
Speaker 18: evidence that there will be a restraint on the Israeli side,
Speaker 18: but I do think that every day that goes by,
Speaker 18: with greater international support and help, and you know, in
Speaker 18: the b Lincoln sat in on the War Company yesterday,
Speaker 18: it is possible that there will be a kind of
Speaker 18: massaging effect on Israeli rage and thinking as.
Speaker 16: It moves forward.
Speaker 18: It's very hard to tell, but every day that goes by,
Speaker 18: and I don't think that there'll be a ground offensive
Speaker 18: when President Biden is in the region, So that means
Speaker 18: they probably won't be a ground defensive for at least
Speaker 18: seventy two hours.
Speaker 16: You know, can shift.
Speaker 18: But there is a very very strong termination and I've
Speaker 18: been speaking about this for days on the Israeli side
Speaker 18: to take a kind of fatal blow attempt at Humas.
Speaker 3: In the meantime, Secretary Blincoln said last night that Israel
Speaker 3: has agreed to work with the US on a plan
Speaker 3: to get more humanitarian aid into Gaza. I mean, we
Speaker 3: have seen the difficulty that surrounds that, particularly at the
Speaker 3: Rafa border crossing into Egypt. What signs are we seeing
Speaker 3: at this point that humanitarian aid is getting into Gaza.
Speaker 18: I don't think we're seeing much yet. They still talk
Speaker 18: about there's been water that turned on, there is some
Speaker 18: stuff coming in, and there is a small deal brewing
Speaker 18: to apparently let out some people out of Rafa. I'm
Speaker 18: assuming these are dual national residents or visitors of Gaza.
Speaker 18: An advisor to the Prime Minister of Israel spoken bloom
Speaker 18: Radio just a little while ago saying that this deal
Speaker 18: is underway. So I don't know, but there's some clearly
Speaker 18: some effort. I mean, I think the insistence to Israel
Speaker 18: to be as careful as possible about civilians is having
Speaker 18: some impact.
Speaker 3: And as far as getting aid in at this point
Speaker 3: protecting civilians, what more can we say about that, particularly
Speaker 3: when we're seeing these reports about attacks into southern Gazo.
Speaker 3: Is there more being done to try to protect civilians
Speaker 3: in the region.
Speaker 18: The best of my knowledge, there is some attempt, and
Speaker 18: the way that the Israeli spoke a week or ten
Speaker 18: days ago with a kind of anger about civilians are
Speaker 18: really not that different from combatants down there.
Speaker 16: That has shifted.
Speaker 18: They now speak about making every effort to limit civilian casualties.
Speaker 18: I think that everyone understands that huge numbers of civilian
Speaker 18: casualties will have an effect on the region. And I
Speaker 18: think that Tony Blinkoln's travels this week have shown the
Speaker 18: last days anyway, have shown the Israelis and the Americans
Speaker 18: that there is a lot, a lot of.
Speaker 16: Anxiety on the streets of the air world.
Speaker 18: And so if they can do something to show that
Speaker 18: they are limiting that, that's going to be important in
Speaker 18: keeping out his belah from Lebanon and getting involved.
Speaker 16: So yes, there seems to be some effort for sure.
Speaker 1: This is Bloomberg day Break Today, your morning brief on
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