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 in the war between Israel
Speaker 1: and Hamas, where diplomacy is taking center stage. Hamas released
Speaker 1: two more hostages yesterday, elderly women who were snatched from
Speaker 1: their kibbutz on October seventh. Today, French President Emanuel mccro
Speaker 1: is the latest world leader to arrive in Israel. He
Speaker 1: is meeting with Prime Minister Benjamin Netanyahu, expected to call
Speaker 1: for resuming the peace process with the Palestinians. President Biden
Speaker 1: has also been on the phone with Netan Yahoo, and
Speaker 1: he says he's discussed the war with Pope Francis as well.
Speaker 3: I laid out to what the game plan was, how
Speaker 3: we thought we should be provided the kind of assistance
Speaker 3: to Israel that needed, and the Pope was across the
Speaker 3: board's support of what we're doing.
Speaker 1: And President Biden says he does not support a ceasefire
Speaker 1: until Hamas releases all its hostages. The militant groups believed
Speaker 1: to have taken about two hundred and twenty people in
Speaker 1: the October seventh attack.
Speaker 2: Well Nathan Shina has acknowledged that Israel has the right
Speaker 2: of self defense against Hamas as Bloomberg Daybreak Asia anchor
Speaker 2: Brian Curtis reports the concession comes ahead of a trip
Speaker 2: to Washington by Chinese Foreign Minister Wang Yee.
Speaker 4: Until now, China had simply called for a ceasefire in
Speaker 4: the conflict. Shinwa now quotes Wang as saying every country
Speaker 4: has the right to self defense, but should protect civilians.
Speaker 4: Wong's trip may help pave the way for a meeting
Speaker 4: between President Shijinping and Joe Biden. Senior officials say Wog
Speaker 4: will visit Thursday to Saturday. This week. You'll meet Secretary
Speaker 4: of State Anthony Blincoln and White House National Security Advisor
Speaker 4: Jake Sullivan. Among the topics. The hostage is taken by
Speaker 4: hamas Russia's invasion of Ukraine and North Korea in Hong Kong.
Speaker 4: Brian Curtis, Bloomberg.
Speaker 1: Radio, Okay, Brian, thank you know. The wars in both
Speaker 1: Israel and Ukraine have caught the attention of some of
Speaker 1: the most powerful executives on Wall Street. We heard earlier
Speaker 1: this morning from JP Morgan Chase CEO Jamie Diamond.
Speaker 5: I'm a general and optimist. I think you'd be foolish
Speaker 5: not to look at some of these things taking place
Speaker 5: today in Ukraine, Middle East. Obviously my heart goes out
Speaker 5: for Ukraine, but also it's affecting oil, food of food,
Speaker 5: gas prices, migration, potential starvation is probably the most serious
Speaker 5: thing we faced.
Speaker 1: Jamie Diamond is one of many executives speaking at the
Speaker 1: Future Investment Initiative in RIODD Saudi Arabia. Moderator David Rubinstein
Speaker 1: also spoke with Bridgewater Associates founder Ray Dallyo.
Speaker 6: We look at the geopolitical situation and then we look
Speaker 6: at the climate issue. The climate issue is going to
Speaker 6: cost us. It's estimated between five and ten trillion dollars
Speaker 6: a year in a world GDP that produces one hundred trillion.
Speaker 7: Put it simply, for next year, are you optimistic about
Speaker 7: the global economy or pessimistic?
Speaker 6: Pessimistic?
Speaker 1: And that was both Ray Dalio and Jamie Diamond speaking
Speaker 1: in Saudi Arabia earlier this morning.
Speaker 2: Well, Nathan back home in the US, how's Republicans planning
Speaker 2: to try again today to choose a nominee for speaker?
Speaker 2: And Bloomberg? Jamy Morris as the latest from Washington.
Speaker 8: Watch for several rounds of voting behind closed doors before
Speaker 8: they name an official designy for speaker. House Republicans held
Speaker 8: a candidate forum with eight new prospects last night. Tom
Speaker 8: Emmer of Minnesota came out as the front runner.
Speaker 9: I've made my case.
Speaker 3: We'll see what the members stay to mark.
Speaker 8: All of the current House speaker candidates are said to
Speaker 8: have signed a loyalty pledge to back whomever wins their
Speaker 8: party's nomination, but it is not clear if any contender
Speaker 8: can get a majority of votes to win the House
Speaker 8: speakership in Washington, I'm Amy Morris, Bloomberg Radio.
Speaker 1: All right, Amy, thanks, So it's been three weeks without
Speaker 1: a Speaker of the House. Mick mulvaney, former White House
Speaker 1: Chief of Staff under Donald Trump, talked about the former
Speaker 1: president's impact on the process.
Speaker 10: I think he wasn't able to get the votes for
Speaker 10: Jim Jordan. That shows Trump's limitations inside the building. Keep
Speaker 10: in mind, this is a very personal vote. This is
Speaker 10: not a policy vote. This is who you want to
Speaker 10: be your leader. And people are a lot more willing
Speaker 10: to push back on Donald Trump on this, and they
Speaker 10: might be on immigration or taxes.
Speaker 1: That was former Republican Congressman McK mulvaney on Bloomberg's Sound.
Speaker 1: You can hear one to three pm Eastern weekdays on
Speaker 1: Bloomberg Radio or any time on the Sound on podcasts
Speaker 1: at Apple, Spotify, or anywhere else you get your podcasts.
Speaker 2: Well as we await a new speaker and Nathan, there's
Speaker 2: word this morning at the US deficit has doubled. The
Speaker 2: government ran a more than two trillion dollar deficit from
Speaker 2: the fiscal year through September. Now that's about a trillion
Speaker 2: more than the prior year. Republicans blame out of control spending,
Speaker 2: but much of the gap is due to the knock
Speaker 2: on effects of faster inflation.
Speaker 1: Now that surge in the deficit, Karen can also explain
Speaker 1: why yields on long term US treasuries are reaching highs
Speaker 1: unseen since before the global financial crisis. Some of the
Speaker 1: market's most prominent bond bears, meanwhile, are saying the historic
Speaker 1: route in treasuries has gone too far, and we get
Speaker 1: the story from Bloomberg's John Tucker John Nathan.
Speaker 9: Billionaire investor Bill Lackman says he's unwound his bet against
Speaker 9: US government bonds. Bill Grows, co founder of PIMCO, says
Speaker 9: he's now buying short data and interest rate futures now.
Speaker 9: Their comments coincide with a swift turnarounded yields. During a
Speaker 9: wild trading session yesterday, the yield on the tenure tumbled
Speaker 9: roughly nineteen basis points after earlier surpassing five percent for
Speaker 9: the first time in sixteen years. So does this signal
Speaker 9: the peak for treasure re yields in the end of
Speaker 9: the bond bear market? Gross for his part, wrote that
Speaker 9: higher for longer is yesterday's mantra A ten year price
Speaker 9: up this morning, the yield down two basis points. Live
Speaker 9: in New York, I'm John Tucker, Bloomberg Radio.
Speaker 2: All right, John, thank you. On the earnings barrage continues
Speaker 2: with almost three dozen companies reporting today, among that Microsoft,
Speaker 2: Alphabet and GM.
Speaker 1: And in Europe, Karen, we've heard from Barclays. Those shares
Speaker 1: are down nearly five percent. The Banking Giants Trading division
Speaker 1: missed estimates in the third quarter, firms also lowering guidance
Speaker 1: for its UK business. This is Bloomberg.
Speaker 2: Ll right, Nathan, thanks time now for a look at
Speaker 2: some of the other stories making news around the world.
Speaker 2: For that, we're joined by Bloomberg's Amy Morris, Amy, Good morning.
Speaker 8: Good morning, Karen. US forces will be postured appropriately in
Speaker 8: the Middle East overconcerns the war between Israel and Hamas
Speaker 8: could escalate into a wider conflict. National Security Council spokesman
Speaker 8: John Kirby says there has been an uptake of rocket
Speaker 8: and drone attacks by Iranian backed proxy groups against military
Speaker 8: bases housing US personnel in Iraq and in Syria.
Speaker 11: We know Iran's goal is to maintain some level of
Speaker 11: deniability here, but we're not going to allow them to
Speaker 11: do that. We also are not going to allow any
Speaker 11: threat to our interest in the region to go unchallenged.
Speaker 8: The White House says humanitarian assistance to Palestinians is a priority.
Speaker 8: Kirby called the aid trucks that have gotten into Gaza
Speaker 8: a good start. The United Auto Workers announced nearly seven
Speaker 8: thousand members at the Stalantis Sterling Heights Assembly plant when
Speaker 8: on strike yesterday. That's the plant that makes the RAM
Speaker 8: fifteen hundred truck. UAW president Sean Fain spoke outside of
Speaker 8: the plant yesterday.
Speaker 11: They can afford this, They can make it happen. Our
Speaker 11: workers deserve their share.
Speaker 6: I mean, while they say they can't afford this, the
Speaker 6: next day they announced more dividends for shareholders.
Speaker 11: I mean, so you know. They're sending mixed messages.
Speaker 8: As it is outraged by the move, saying that last
Speaker 8: week the company presented the union with a new improved offer,
Speaker 8: including a twenty three percent wage increase over the life
Speaker 8: of the contract and a fifty percent increase in contributions
Speaker 8: to the retirement savings plan. More than forty one thousand
Speaker 8: UAW workers are now on the picket line. An off
Speaker 8: duty pilot is facing eighty three counts of attempted murder
Speaker 8: for allegedly trying to crash an Alaska Airline's flight. The
Speaker 8: airline said the flight from Everett, Washington, to San Francisco
Speaker 8: on Sunday, operated by Horizon Air, diverted to Portland because
Speaker 8: of the incident. Police said the suspect, Joseph Emerson, was
Speaker 8: sitting in the flight deck jump seat and tried to
Speaker 8: pull the fire extinguisher handles to shut off the engines.
Speaker 8: A new study published in the journal Nature Climate Change
Speaker 8: finds that even the most ambitious greenhouse gas reduction targets
Speaker 8: are not likely to prevent the collapse of the West
Speaker 8: Antarctic ice sheet. Michael Mann is a climatologist at the
Speaker 8: University of Pennsylvania and the author of our Fragile Moments.
Speaker 7: Looking at substantial parts of Manhattan submerged. And when you get,
Speaker 7: for example, a major landfalling hurricane, and you get the
Speaker 7: storm surge on top of that sea level rise, you
Speaker 7: could get even more widespread flooding.
Speaker 8: Climatologist Michael Mann says this study is a warning sign
Speaker 8: that should be taken seriously. Global news twenty four hours
Speaker 8: a day and whenever you want it with Bloomberg News Now.
Speaker 2: I'm Abe Morris and this is Bloomberg Karen. All right, Amy,
Speaker 2: thank you well. We do bring you news throughout the
Speaker 2: day here on Bloomberg Radio. As Amy said, but now
Speaker 2: you can get the latest news on demand whenever you
Speaker 2: want it. Subscribed to Bloomberg News Now to get the
Speaker 2: latest headlines at the click of a button. Get informed
Speaker 2: on your schedule. You can listen and subscribe to Bloomberg
Speaker 2: News Now on the Bloomberg Business app, Bloomberg dot com
Speaker 2: plus Apple, Spotify, and anywhere else you get your podcasts.
Speaker 2: Time now for the Bloomberg Sports Update with John stash
Speaker 2: Hour John.
Speaker 12: Yeahn the Texas Rangers late in the regular scenes at
Speaker 12: a stretch where they play twenty games and lost sixteen
Speaker 12: of them and nearly cost of the playoff. First they
Speaker 12: stuck game, but in the postseason they swept Tampa Bay,
Speaker 12: they swept Baltimore, two teams who had want to combine
Speaker 12: two hundred games, and in the ALCS, the Rangers played
Speaker 12: four games in Houston against the defending World Series champs.
Speaker 12: They won all four. They took Game seven eleven to four,
Speaker 12: and the Rangers are AL champions only the third time
Speaker 12: the ever first time since twenty eleven, the ALCS MVP
Speaker 12: was a Doulas Garcia. All he did was homer in
Speaker 12: each of the last four games, and last night he
Speaker 12: hit two, had two other hits. Drove in five World
Speaker 12: Series starts Friday, Texas against either Arizona or Philadelphia. They've
Speaker 12: got Game seven tonight in Philly, second time in the
Speaker 12: last four years that both LCS went seven. Hadn't happened
Speaker 12: before that since two thousand and four. Diamondbacks stayed alive
Speaker 12: five to one, winning Game six. Five pitchers teamed up
Speaker 12: to allow only six hits. The Phillies came in having
Speaker 12: won their previous eleven home National League playoff games, one
Speaker 12: night put twelve in Minnesota, Vikings upset the forty nine
Speaker 12: Ers twenty two to seventeen. Kirk Cousins two TD passes.
Speaker 12: They both went to rookie Jordan Addison first home win
Speaker 12: of the year from Minnesota, while the Niners, who were
Speaker 12: five to zero, have lost their last two. The Chicago
Speaker 12: quarterback Justin Field unlikely to play this week, which means
Speaker 12: it will get me the rookie Tyson badget in Cleveland
Speaker 12: Sean Watson day to day. In concussion protocol, the NFL
Speaker 12: has suspended Denver safety Kareem Jackson for four games for
Speaker 12: an illegal hit. He has a history of it. John
Speaker 12: Stashedward Bloomberg Sports.
Speaker 11: From coast to coast, from New York to San Francisco,
Speaker 11: Boston to Washington, d C. Nationwide on siriusxam, the Bloomberg
Speaker 11: Business app in Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 1: Good morning. I'm Nathan Hager. Diplomacy is center stage once
Speaker 1: again in Israel's war with Hummas. World leaders continue to
Speaker 1: travel to the war zone, urging restraint after Hummas released
Speaker 1: two more hostages yesterday. For the latest were joined by
Speaker 1: Bloomberg News, Economy and government reporter Galite Alts joining us
Speaker 1: from Tel Aviv, Ghalie, Good morning, thank you for being
Speaker 1: with us. We understand French President Emanuel mccrun is meeting
Speaker 1: with Prime Minister Natan Yahoo right now. Do we know
Speaker 1: anything more about what the President of France is expected
Speaker 1: to say?
Speaker 13: Yes, som Hi, thanks for having me. Yes, they are
Speaker 13: a meeting now. The meeting has been taking place for
Speaker 13: over an hour at this on stage. We do not
Speaker 13: know on what they're going to say when they come out,
Speaker 13: but we have heard the French president called this morning
Speaker 13: for a resumption of peace process. That's what he said
Speaker 13: shortly after he arrived here in Israel. That's what he's
Speaker 13: expected to call for a little bit later. And I
Speaker 13: think that apart from that, the hostages are still pretty
Speaker 13: much at the center and the focus of attention, like
Speaker 13: you mentioned, generally speaking, and also you know, in connection
Speaker 13: with mccoen's visit here, he is supposed to meet some
Speaker 13: families who are a victim of the October seventh attacks,
Speaker 13: both who suffered deaths and also families who've had them
Speaker 13: their relatives taken hostage by Hamas.
Speaker 1: It is difficult to imagine a resumption of the peace
Speaker 1: process when we do continue to see air strikes carried
Speaker 1: out in Gaza and Hamas still holding what we think
Speaker 1: to be a couple of hundred hostages, even with the
Speaker 1: few that have been released. What is the impact of
Speaker 1: this diplomacy at this point.
Speaker 13: Yeah, so, first of all, I think, as you say,
Speaker 13: it is probably the hardest thing to imagine right now,
Speaker 13: any resumption of any peace process in the area. We're
Speaker 13: still seeing, you know, a stand still on the ground
Speaker 13: operation in Gaza, which has been very much anticipated over
Speaker 13: the last few days. And this is in favor of
Speaker 13: these back channel negotiations for hostage released, the latest umb
Speaker 13: of which, like you said, with the release of two
Speaker 13: more hostages last night. These were two Israeli women noting
Speaker 13: that because it's important since the very senior Israeli official
Speaker 13: tells us yesterday that Israel will not put up with
Speaker 13: the situation by which there is a differentiation being made
Speaker 13: between hostages who have dual nationalities. He was referencing the
Speaker 13: two hostages released over the weekend, when or American citizens
Speaker 13: as well, and essentially Israel Is saying everyone needs to
Speaker 13: be released to not leave our nationals behind. So that's
Speaker 13: one thing and I think that on your question on
Speaker 13: the diplomatic efforts, this is another reason, apart from the
Speaker 13: negotiations that are taking place to maybe you know, achieve
Speaker 13: the release or more hostages. I think that as long
Speaker 13: as leaders keep arriving in the region, but especially here
Speaker 13: in Israel, this is also holding back the ground operation because,
Speaker 13: as someone very familiar with the matter told me yesterday,
Speaker 13: Israel will not sort of embarrass these leaders by starting
Speaker 13: its ground up operation when they're here on the ground.
Speaker 13: So this is another reason for this delay.
Speaker 1: And part of the diplomacy is aimed at getting more
Speaker 1: humanitarian aid into Gaza as well. Can you update us
Speaker 1: on that effort how that's going.
Speaker 13: Yes, And I think that the hostage release situation is
Speaker 13: very well connected to the a that is being trickled
Speaker 13: and I'm using the world trickled for a reason into
Speaker 13: Gaza at this time, because you know, we've seen roughly
Speaker 13: sixty trucks or so go in to Gaza through the
Speaker 13: Rafa crossing, which is in Egypt, and humanitarian groups are
Speaker 13: arguing all the time that anything less than one hundred
Speaker 13: trucks a day is not enough to sustain the hundreds
Speaker 13: of thousands of refugees who have fled their homes in
Speaker 13: northern Gaza towards the south. So this is also way
Speaker 13: for Israel and maybe other countries, but I think mainly
Speaker 13: Israel to put pressure on hostage release kind of you know,
Speaker 13: creating an equation that says how Julius is also a
Speaker 13: humanitarian effort because many of them are children and women
Speaker 13: and elderly. So we want to see, you know, something
Speaker 13: moving forward with that as we maybe make an effort
Speaker 13: to allow more trucks and more humanitarian aid into the
Speaker 13: Gaza strip.
Speaker 1: Just about thirty seconds left here, Galib, But we've seen
Speaker 1: the President of the United States, as well as leaders
Speaker 1: from the UK, Germany and now France in Israel. How
Speaker 1: would you assess the message that is being brought to
Speaker 1: the Israelis from their allies.
Speaker 13: I think it's a very wide display of support for
Speaker 13: as well, but especially as far as the US goes.
Speaker 13: This also points to a very significant involvement of the
Speaker 13: US in everything that is going on here.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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