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: First, you want to get to the latest developments in
Speaker 1: the Middle East. Israel and Hamas have agreed to extend
Speaker 1: their truth. They will pause fighting until early Thursday. That
Speaker 1: brings the halt to six days, and we get the
Speaker 1: latest from Bloomberg's Rosalind Matheson.
Speaker 3: What we know is that this extension, which was somewhat expected,
Speaker 3: is likely to be under the same terms as we've
Speaker 3: seen so far, which is roughly, for every one hostage
Speaker 3: released by Harmas one Israeli hostage, that there's at least
Speaker 3: three Palestinian hostages released in turn by the Israelis. That's
Speaker 3: about a one for three exchange. What we do know
Speaker 3: is that those exchanges have happened so far every day
Speaker 3: in the truth, even if they've happened sometimes quite late
Speaker 3: in the day because there has been continued arguing through
Speaker 3: the day about some of the terms and conditions.
Speaker 1: Bloomberg's Roz Mathison says the truce comes as Secretary of
Speaker 1: Saint Anthony Blinken heads to Israel for the third time
Speaker 1: since the Hamas attack.
Speaker 2: Well, Nathan Elon Musk says he liked to help rebuild
Speaker 2: Gaza after the war with Hamas. The billionaire was in
Speaker 2: Israel yesterday and made the comments in a conversation with
Speaker 2: Israeli Prime Minister Benjamin Nettan Yahoo.
Speaker 4: Those who are intended motor must be neutralized. Then the
Speaker 4: propaganda must stop. That is training people to be murtorers
Speaker 4: in the future, and then and then making Gaza prosperous.
Speaker 4: And if that happens, I think will be good future. Well,
Speaker 4: I hope you will be involved in it, and I'd
Speaker 4: love to help and.
Speaker 2: Muss Israel Visit appears to be an effort to diffuse
Speaker 2: a growing backlash over his endorsement of an anti Semitic tweet.
Speaker 5: Last week.
Speaker 2: Corporations including Apple and Walt Disney stopped advertising on Eggs
Speaker 2: over concerns of increasing anti Semitism and hate speech on
Speaker 2: the site since he purchased it well Karen.
Speaker 1: The first of three US military relief flights carrying aid
Speaker 1: for the Gaza Strip is set to arrive in Egypt
Speaker 1: later today. Senior US official say the flights will carry
Speaker 1: winter clothing, food, medical items, and supplies specifically for children.
Speaker 1: This comes as the Biden administration seeks to escalate assistance
Speaker 1: to Palestinian civilians amid pressure from fellow Democrats.
Speaker 2: Well, Nathan ad to Israel is one of the issues
Speaker 2: of waiting lawmakers on Capitol Hill. The House is back
Speaker 2: in session today after the holiday break. Senate Majority Leader
Speaker 2: Chuck Schumer says he wants to vote as soon as
Speaker 2: next week on one hundred and six billion dollars in
Speaker 2: aid to Israel, Ukraine, and border security, but former Republican
Speaker 2: Congressman mcmulvaney says it'll be tough to pass it all
Speaker 2: before the end of the year because Congress is not
Speaker 2: facing a government shut down deadline by then.
Speaker 6: Typically big deals would get done at Christmas and again
Speaker 6: right before the August recess because that's when Congress wants
Speaker 6: to go home. Well, they don't have the sort of
Speaker 6: the sword of Damicles to hold over the members right
Speaker 6: now because the funding deals go beyond Christmas.
Speaker 2: And former Congressman mcmulvaney says Israel aid could pass alone
Speaker 2: before Christmas because it has bipartisan support. And he was
Speaker 2: guest on Bloomberg's sound On. Get the full interview on
Speaker 2: the sound On podcast.
Speaker 1: Well, meanwhile, Karen President Biden is cautioning corporations against taking
Speaker 1: advantage of inflation relief. We get that story from Bloomberg's
Speaker 1: Ed Baxter.
Speaker 5: President Biden has taken credit for easing supply chain pressures
Speaker 5: and lowering inflation, but says more needs to be done.
Speaker 7: Let me be clear, to any corporation that's not brought
Speaker 7: their prices back down, even as inflation has come down,
Speaker 7: even supply chains have been rebuilt, it's time to stop
Speaker 7: the price gouging. You've given the American consumer a break.
Speaker 5: Biden also says he set up a council review supply
Speaker 5: chain actions, calling it an early warning system. Head Baxter Bloomberg.
Speaker 2: Radio, All right, Ed, thank you well. We turn to
Speaker 2: the markets now, and it's shaping up to be a
Speaker 2: November two remember. We get the latest from Bloomberg's John Tucker.
Speaker 8: John and Karen stocks have rallied more than eight percent,
Speaker 8: marking one of their strongest gains for the month since
Speaker 8: records began. Signs of slowing inflation and measured jobs growth
Speaker 8: have also unleashed a treasury rally, with scent yields tumbling
Speaker 8: for their highest and more than a decade, and those
Speaker 8: lower yields mean the dollar is headed for its steepest
Speaker 8: monthly drop in a year. There's a consensus that not
Speaker 8: only has the Fed stop raising interest rates, but investors
Speaker 8: are pricing in around ninety five basis points of rate
Speaker 8: cuts into the end of next year. Well, not everybody's
Speaker 8: on board with a bowl case. Strategists that city groups
Speaker 8: say underlying bullish signs from futures flows are starting to fade.
Speaker 8: I'm John Tucker, Bloomberg Radio.
Speaker 1: Okay, John, thanks, you got some news on the IPO
Speaker 1: market this morning. Sources tell Bloomberg Reddit is again holding
Speaker 1: talks with potential investors for an initial public offering for
Speaker 1: the social media company, and we get that story from
Speaker 1: Bloomberg's Charlie Pellett.
Speaker 9: Hope Folds aren't preparing for a long awaited reopening of
Speaker 9: the market for new listings, sources say. The San Francisco
Speaker 9: based firm, whose users help fuel the meme stock frenzy
Speaker 9: that made twenty twenty one a ban a year for equities,
Speaker 9: is weighing an IPO as soon as the first quarter.
Speaker 9: Bloomberg news last year that Reddit was working with Morgan
Speaker 9: Stanley and Goldman Sachs on the listing and was considering
Speaker 9: a valuation of as much as fifteen billion dollars in
Speaker 9: New York. Charlie Pellett, Bloomberg.
Speaker 2: Radio, all right, Charlie, thank you well, fast fashion retailer.
Speaker 2: She and has filed confidential confidentially with US regulators for
Speaker 2: an IPO that could take place next year. Bloomberg News
Speaker 2: has learned the online retailer, which was founded in China's
Speaker 2: working with Goldman Sachs, JP, Morgan Chase and Morgan Stanley
Speaker 2: on the listing. She has come under fire for poor
Speaker 2: labor conditions and factories in partners with overproduction of poor
Speaker 2: quality garments and the use of cotton from a Chinese
Speaker 2: region accused of using forced labor. Futures this morning, little
Speaker 2: change nasday futures lower though down a tenth of a
Speaker 2: percent on about twenty two points ten year treasury down
Speaker 2: two thirty seconds you four point three nine percent, and
Speaker 2: a yield on the two years at four point nine
Speaker 2: zero percent. Straight ahead, we have more local headlines, plus
Speaker 2: check of sports, and this is Bloomberg and it is
Speaker 2: time now for a look at some of the other
Speaker 2: stories making news around the world. For that, we're joined
Speaker 2: by Bloomberg's Amy Morris Any Good morning.
Speaker 10: Good morning, Karen. Scandal plagued New York Republican Representative George
Speaker 10: Santos has acknowledged he expects to be expelled from the
Speaker 10: House as soon as this week. House Speaker Mike Johnson
Speaker 10: was asked if there would be a vote on the
Speaker 10: fate of mister Santos as soon as this week.
Speaker 8: We've spoken to Coxsman Santos at some length over the
Speaker 8: holiday and talked to him about his options, but we'll
Speaker 8: have to see. It's not yet determined.
Speaker 10: The latest blow came in the form of a fifty
Speaker 10: six page report from the Health Ethics Committee released earlier
Speaker 10: this month, outlining substantial evidence that mister Santos violated federal law.
Speaker 10: The Justice Department has charged Santo's with conspiracy, wire fraud,
Speaker 10: fallse statements, falsification of records, aggravated identity theft, and credit
Speaker 10: card fraud. Border security is a key part of a
Speaker 10: broader legislative deal that lawmakers want to complete before the
Speaker 10: end of this year, but lawmakers are not likely to
Speaker 10: include a pathway to citizenship for young immigrants protected by
Speaker 10: the Deferred Action for Childhood Arrivals program in the border
Speaker 10: deal wrapped in that conversation a national security funding request
Speaker 10: from the White House, including eight for Ukraine. Senate Majority
Speaker 10: leader Chuck Schumer.
Speaker 11: The biggest hold up to the national security supplement is
Speaker 11: an insistence by some Republicans, just some on partisan border
Speaker 11: policy as a condition for Ukraine aid.
Speaker 10: Senator Chris Murphy of Connecticut, a top Democratic negotiator in
Speaker 10: those talks, says wild Daka is a priority that Democrats
Speaker 10: would want to see included in the deal, it does
Speaker 10: not align with what Republicans want the final bill to
Speaker 10: look like. A Moscow court has extended the detention of
Speaker 10: US reporter Avan Gershkovich. Gershkovich was arrested in Russia earlier
Speaker 10: this year. He's accused of spying. Today's hearing was held
Speaker 10: behind closed doors, no press allowed inside. His detention will
Speaker 10: be extended through January thirtieth. Memorial service is being held
Speaker 10: in Atlanta for former First Lady Rosalind Carter, President Biden,
Speaker 10: First Lady Jill Biden, and other former First Ladies. Malania Trump,
Speaker 10: Hillary Clinton, and Laura Bush are all expected to attend
Speaker 10: services this afternoon on the campus of Emory University. Jimmy
Speaker 10: Carter is also planning to be there. Rosalind Carter rather
Speaker 10: Rosalind Carter Pardon me died on November nineteenth at the
Speaker 10: age of ninety six. Global news twenty four hours a
Speaker 10: day and whenever you want it with Bloomberg News Now.
Speaker 10: I'm Maybe Morris and this is Bloomberg Karen.
Speaker 2: All right, Amy, thank you what we do bring you
Speaker 2: news throughout the day right here on Bloomberg Radio. But now,
Speaker 2: as Amy said, you can get the latest news on
Speaker 2: demand whenever you want it. Just subscribe to Bloomberg News
Speaker 2: Now to get the latest headlines at a click of
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Speaker 2: and subscribe to Bloomberg News Now on the Bloomberg Business app,
Speaker 2: Bloomberg dot Com plus Apples, Spotify, and anywhere else you
Speaker 2: get your podcasts. And it's time now for the Bloomberg
Speaker 2: Sports Update, and here's John stash Hour, John.
Speaker 12: Karen Mother Night. Football in Minnesota, the Vikings lost their
Speaker 12: quarterback Kirk Cousins for the season, and their star windout
Speaker 12: Justin Jefferson, missed another game that's the seventh in a row,
Speaker 12: and their offense struggled. Their new quarterback, Joshua Dobbs, who
Speaker 12: had been playing well through four interceptions. He did throw
Speaker 12: a touchdown pass to TJ. Hockinson with under six minutes
Speaker 12: to go, the only TV of the night for either team.
Speaker 12: It put Minnesota ahead, but Cairo Santos with his fourth
Speaker 12: field goal of the game of thirty yard or ten
Speaker 12: seconds left, the Bears upset the Vikings twelve to ten,
Speaker 12: Chicago four and eight, Minnesota six and Sixes two and
Speaker 12: four at home NBA in Philadelphia, Joe Lmb thirty points
Speaker 12: a triple double, and the Sixers crossed the Lakers one
Speaker 12: thirty eight to ninety four. Lebron James has been playing
Speaker 12: for twenty one seasons. This is the most lopsided loss
Speaker 12: of his career. Rare win for the Wizards. They won
Speaker 12: one twenty six to one oh seven. At Detroit, battled
Speaker 12: the NBA's two worst team. The Wizards are three and
Speaker 12: fourteen and the Pistons are two and fifteen. Bruins lost
Speaker 12: at Columbus five to two. The Minnesota Wild fired their
Speaker 12: coach Dean Everson. Wild with only five wins in their
Speaker 12: first nineteen games. They're replacing him with John Hines. The
Speaker 12: former Nashville coach. Sonny Gray signed a deal with the
Speaker 12: Saint Louis Cardinals three years, seventy five million. He was
Speaker 12: the cy young runner uper in the American League with Minnesota.
Speaker 12: He's also pitched for Oakland, the Yankees, and Cincinnati. Outfielder
Speaker 12: Jason Hayward staying with the Dodgers a one year deal
Speaker 12: for nine million. John Stashie were with Bloomberg Sports.
Speaker 2: Karn all right, John, thank you, well, we want to
Speaker 2: get the latest out of the Middle East. We're going
Speaker 2: to be speaking with the Bloomberg's Simon Marx straight ahead.
Speaker 2: He is going to join us from Tel Aviv. And
Speaker 2: ahead of that conversation, futures again, our little change this morning.
Speaker 2: Nasdaq futures though lower, down to tenth of up percent,
Speaker 2: the Dacks in Germany also down to tenth of up
Speaker 2: percent this morning, and a ten year Treasury down two
Speaker 2: thirty seconds see of four point three nine percent. The
Speaker 2: yield on the two year four point nine zero percent.
Speaker 2: This is Bloomberg.
Speaker 13: From coast to coast, from New York to San Francisco,
Speaker 13: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg
Speaker 13: Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 1: Good morning, I'm Nathan Hager. We continue to watch for
Speaker 1: further developments in the Middle East now at the ceasefire
Speaker 1: between Israel and hamas into overtime, and the expectation more
Speaker 1: hostages will be freed from Gaza in exchange for Palestinian
Speaker 1: prisoners joining us once again from Tel Aviv is Bloomberg,
Speaker 1: Simon Marx, Simon good morning. What is the expectation is
Speaker 1: it's still going to be one hostage for every three
Speaker 1: Palestinian prisoners, and that's how this is going to continue
Speaker 1: to go.
Speaker 14: Yes, that does seem exactly how it's supposed to go ahead.
Speaker 14: The Katari government has built out a statement very recently
Speaker 14: saying that the terms and conditions of this truce will
Speaker 14: be identical to what we've seen the previous four days.
Speaker 14: So that is going to take us through to Thursday
Speaker 14: morning here, so an extra two days, and we're going
Speaker 14: to see in the coming sort of forty eight hours
Speaker 14: whether that can be extended once again for another two days.
Speaker 14: Beyond that, there is some speculation that there could be
Speaker 14: another bit of wiggle room there.
Speaker 1: Do we know at this point or have we gotten
Speaker 1: any clue as to how many hostages could be released today?
Speaker 1: And whether there'll be any Americans on the list.
Speaker 14: Yes, so you know we're looking yes, the same as
Speaker 14: yesterday essentially, which was eleven off the hostages in return
Speaker 14: for thirty three or so Palestinian prisoners. That is the
Speaker 14: expectation there. Obviously weren't any Americans involved the last time round,
Speaker 14: but there is a lot of backchanneling going on to
Speaker 14: try and make sure that the US hostages do get out,
Speaker 14: although some sort of feel that, you know this, this
Speaker 14: will wait till the very last moment, obviously due to
Speaker 14: the relationship between Hamas and the US.
Speaker 1: And along with back channeling, it looks like there could
Speaker 1: be some more front channeling as well, with Secretary of
Speaker 1: State Antity blink and expected to arrive your way any moment. Now,
Speaker 1: what's the expectation for what the Secretary of State plans
Speaker 1: to do on this third visit to the region since
Speaker 1: the October seventh attack.
Speaker 14: Yes, indeed, so the Secretary of State has obviously been
Speaker 14: here multiple times. This time he's coming in towards the
Speaker 14: end of the week, we believe, and is going to
Speaker 14: focus on talks aimed at a more lasting, peaceful solution
Speaker 14: for the Palestinian territories. Of the Palestinian State. He will
Speaker 14: bring this up, whether or not he's going to get
Speaker 14: any traction. There is another question with Israel obviously planning
Speaker 14: to recommence their offensive in the Gaza Strip, and another
Speaker 14: focus of his will be to make sure more aid,
Speaker 14: more humanitarian cover is brought into the Gaza Strip. The
Speaker 14: UN have been very vocal, and you know right up
Speaker 14: into recent hours that more is needed, especially in the
Speaker 14: north of the strip where you have thousands of isolated
Speaker 14: people who haven't received much aid at all.
Speaker 1: It's interesting to hear a lot more talk now about
Speaker 1: what comes after, not just the ceasefire, but after the
Speaker 1: war itself. You mentioned Secretary of State Blincoln talking about
Speaker 1: a lasting solution to the crisis. We even heard from
Speaker 1: Elon Musko all people yesterday in Israel talking about wanting
Speaker 1: to rebuild in Gaza after the war is over. How
Speaker 1: much pressure is there on Israel right now to try
Speaker 1: to come to some kind of resolution of this crisis.
Speaker 14: There is a growing pressure, and I think there's a
Speaker 14: growing demand from partners from the Gulf, including the US,
Speaker 14: to understand what Israel's plan actually is. They haven't really
Speaker 14: expressed it. There is this notion obviously that the Netzenyahu
Speaker 14: government want to keep the West Bankcupied territories separated from
Speaker 14: the Gaza Strip. That obviously flies in the face of
Speaker 14: what the international community want in terms of a two
Speaker 14: state solution which would unify these two Palestinian territories. So
Speaker 14: there's so much to be ironed out, and I think
Speaker 14: that's probably some of the questions that Anthony Blincoln is
Speaker 14: going to want answers to when he arrives.
Speaker 1: Are we seeing that pressure Simon coming just from partners
Speaker 1: from the international community, or is Prime Minister Nettagna, who
Speaker 1: coming under some domestic pressure as well, got about a
Speaker 1: minute left.
Speaker 14: Well, yeah, obviously within Israel there is a quite a
Speaker 14: right wing government here at the moment. There are senior
Speaker 14: members of Nettaya who's Netanya whose cabinet, who are far
Speaker 14: on the right and very much against this idea of
Speaker 14: a two state solution and want to see a continued
Speaker 14: Israeli security presence inside the Gaza Strip. They have very
Speaker 14: little faith in any to come out of the Gaza Strip.
Speaker 14: So clearly Netanyahu's going to have to thread the needle
Speaker 14: here between what the international community wants and the pressures
Speaker 14: he's facing internally to be much more hardlined.
Speaker 1: Okay, Simon, thanks for this. We'll be checking back with
Speaker 1: you in the days and weeks to come. Simon Marks
Speaker 1: of Bloomberg News joining us this morning from Tel Aviv
Speaker 1: on day five now of the ceasefire between Israel and Hamas,
Speaker 1: with the expectation that more hostages will be released today
Speaker 1: in exchange for Palestinian prisoners out of Israel. This is
Speaker 1: Bloomberg Daybreak Today, your morning brief on the story's making
Speaker 1: news from Wall Street to Washington and beyond.
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