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: Israel has resumed airstrikes in Gaza, minutes after the expiration
Speaker 3: of a week long truce with Hamas we get the
Speaker 3: latest from Bloomberg's Anthony Squasien in Tel Aviv.
Speaker 4: Truce wasn't extended at seven am local time. It was
Speaker 4: some rocket warnings miss I was being fired and to
Speaker 4: Israel just before that ended, and Israel responded immediately, and
Speaker 4: it looked like we're back to fully fledged conflict right now.
Speaker 4: Reports of air strikes in Gaza made different parts of Gaza,
Speaker 4: and it does seem that the relative calm of the
Speaker 4: last seven days is well and truly over.
Speaker 3: Bloomberg's Anthony Squasiin in Tel Aviv, says Prime Minister Benjamin Netan.
Speaker 3: Yahoo and other Israeli politicians had consistently said the war
Speaker 3: would resume at some stage and the truce would not
Speaker 3: become permanent.
Speaker 5: Well, Nathan.
Speaker 2: Secretary of State Anthony Blinkin was in Tel Aviv when
Speaker 2: the fighting restarted yesterday. He said that Israel must defend
Speaker 2: itself within the confines of international law.
Speaker 3: Way israel defense itself matters.
Speaker 4: It's imperative that is relacted in accordance with internationally mediterran
Speaker 4: law and the laws of war, even when confronting a
Speaker 4: terrorist group that respects neither.
Speaker 2: And Secretary Anthony Blincoln was speaking before the latest escalation.
Speaker 2: Hamas and other Islamist groups are still thought to be
Speaker 2: holding around one hundred and thirty people captive in Gaza.
Speaker 3: Turning back to politics in the US, Karen, there's been
Speaker 3: a debate between a Republican who's running for president and
Speaker 3: a Democrat who says he's not. Florida Governor Ron de
Speaker 3: Santis squared off last night with California Governor Gavin Newsom.
Speaker 6: This is a slick, slippery politician whose state is failing.
Speaker 3: People are leaving a state. Governor DeSantis went after Newsom
Speaker 3: and California over immigration, high taxes, and crime. Governor Newsom
Speaker 3: touted the White House's message of Bidenomics.
Speaker 7: Three point nine percent unemployment, the lowest black unemployment in
Speaker 7: American history, the lowest unemployment for Hispanics in American history,
Speaker 7: the lower most unemployment for women in seventy years, at
Speaker 7: lowest black poverty rates in history, and.
Speaker 3: The Fox News debate comes as DeSantis struggles to gain
Speaker 3: ground on Republican front runner Donald Trump in twenty twenty four.
Speaker 3: It also allowed Newsome to air his presidential ambitions for
Speaker 3: twenty twenty eight.
Speaker 2: Well, Nathan, Let's turn to the markets now. Stocks begin
Speaker 2: December after notatching one of the biggest November rallies on record,
Speaker 2: and we get more from Bloomberg Stirlei Pellett.
Speaker 8: After the months three trillion dollar serge, the S and
Speaker 8: P five hundred is now just five percent away from
Speaker 8: its all time high. The gauge climbed over eight percent
Speaker 8: in November, a feat achieved fewer than ten times for
Speaker 8: that month since nineteen twenty eight, according to data compiled
Speaker 8: by Bloomberg. It was also the gauge's best month since
Speaker 8: July of twenty twenty two in New York, Charlie Pellett,
Speaker 8: Bloomberg Radio and Charlie.
Speaker 3: Was also a profitable month for bond investors. In fact,
Speaker 3: treasuries had their best month since the nineteen eighties, and
Speaker 3: we get more on that from Bloomberg's John Tucker.
Speaker 9: The boon to bonds comes from signs the economy and
Speaker 9: inflation are slowing and the Fed is done hiking interest
Speaker 9: rates well. Traders are even betting on the first FED
Speaker 9: rate cut in May. Bloomberg Economics sees the FED cutting
Speaker 9: rates one hundred and twenty five basis points next year.
Speaker 9: The Bloomberg US Aggregate Index returned four and a half
Speaker 9: percent of November. That price up and yield down has
Speaker 9: spurred an everything rally, from stocks to cryptocurrencies. Does it continue?
Speaker 9: Listen closely today as FED Chair Jerome Powell speaks at
Speaker 9: Spelman College in Atlanta, and if he sounds even a
Speaker 9: little hawkish, November's rally may turn into the winter of
Speaker 9: our discontent. I'm John Tucker, Bloomberg Radio.
Speaker 5: All right, John, thank you.
Speaker 2: By the Federal Reserve's top bank, a watchdog wants lenders
Speaker 2: to be more comfortable turning to the Central banks discount window.
Speaker 2: Michael Barr, the FEDS Vice Chair for Supervision, towed to
Speaker 2: the backstop as an important tool for financial stability and
Speaker 2: monetary policy.
Speaker 10: The discount window provides ready access to funding that can
Speaker 10: help banks manage their liquidity risks. The ability to access
Speaker 10: funding at a predictable rate throughout through the discount window
Speaker 10: should figure importantly into banks liquidity risk management plans under
Speaker 10: a range of scenarios.
Speaker 5: And the fence.
Speaker 2: Michael Barr added that it was important that lenders have
Speaker 2: a range of options for accessing liquidity.
Speaker 3: Struck some corporate news now Karen. After two years of
Speaker 3: delays and production snags, Tesla has finally handed the first
Speaker 3: cyber trucks over two customers. Tesla's CEO, Elon Musk, says
Speaker 3: it has an extra safety feature.
Speaker 5: Why do you make it bulletroof? I'm like, why not?
Speaker 8: Do you want to How tough is your truck bulletproof?
Speaker 3: He says. Elon Musk says the cheapest version of cyber
Speaker 3: Truck will cost just under sixty one thousand dollars. That's
Speaker 3: more than fifty percent over the price Musk floated when
Speaker 3: he announced the vehicle in twenty nineteen.
Speaker 2: Well Nathan Disney has restored its dividend. The entertainment giant
Speaker 2: declared a dividend of thirty censorsh for the second half
Speaker 2: of its fiscal year. Disney had pledged to restore the payout,
Speaker 2: which was halted during the pandemic. Disney has been under
Speaker 2: pressure to improve its performance and restore its dividend by
Speaker 2: activist investor Nelson Peltz, who is seeking board seats at
Speaker 2: the company.
Speaker 3: Well, speaking of under pressure, Karen, take a look at
Speaker 3: Dell shares. They are down nearly six percent in early trading.
Speaker 3: A company reported revenue that declined more than expected, and
Speaker 3: it continues to see sluggish corporate demand for personal computers.
Speaker 2: And it's time now for a look at some of
Speaker 2: the other stories making news around the world. For now,
Speaker 2: we're joined by Bloomberg's Amy Moore is Amy.
Speaker 11: Good morning, Good morning, Karen. The twenty twenty three United
Speaker 11: Nations Climate Change Conference, or COP twenty eight, launched yesterday.
Speaker 11: Now before the summit began, United Nations Secretary General Antonio
Speaker 11: Guterrez warned fossil fuel companies quote their old road is
Speaker 11: rapidly aging.
Speaker 12: It's time to end our addiction to fossil fools that
Speaker 12: is validating climate change. It's time to bet on guaranteeing
Speaker 12: through strong political will, that temperatures will authorise more than
Speaker 12: one point five degrees.
Speaker 11: At the end of the center, the United Arab Emirates,
Speaker 11: which is hosting the summit, announced a commitment of thirty
Speaker 11: billion dollars to help finance climate solutions. Tens of thousands
Speaker 11: of delegates are expected to make this the biggest summit ever.
Speaker 11: It is looking likely that Congress will take the unusual
Speaker 11: step to expel one of their own.
Speaker 5: Bloomberg's Nancy Lyons.
Speaker 13: Reports George Santos, on the brink of being kicked out
Speaker 13: of Congress, took his fight to the House floor.
Speaker 3: I have been convicted of no crimes, mister speaker.
Speaker 13: But following an investigation by the House Ethics Committee, members
Speaker 13: said they did find some troubling behavior. Committee chair Congressman
Speaker 13: Michael Guest offered highlights of the report.
Speaker 14: It says it Representative Santos sought to fraudulently exploit every
Speaker 14: aspect of his House candidacy for his own personal profit.
Speaker 13: After the ex fulshion vote, Santos still faces a twenty
Speaker 13: three count federal indictment that alleges he stole from donors
Speaker 13: and used campaign money for personal expenses in Washington, Nancy
Speaker 13: Lyons Bloomberg Radio.
Speaker 11: The CDC is monitoring a pneumonia outbreak among children in
Speaker 11: the Cincinnati area. Warren County, Ohio has reported one hundred
Speaker 11: and forty two infections since August. The outbreak comes amid
Speaker 11: China's surgeon hospitalizations, which CDC director doctor Mandy Cohen told
Speaker 11: Congress yesterday, is not being caused by a new virus.
Speaker 2: Do not believe this is a new or novel pathogen
Speaker 2: that we believe this is all existing, meaning COVID flu RSV.
Speaker 5: Cohen told Congress.
Speaker 11: The winter cold and flu season offers the CDC a
Speaker 11: chance to regain the public's trust, and former White House
Speaker 11: Chief Medical Advisor doctor Anthony Fauci is set to testify
Speaker 11: before Congress early next year on the origins of COVID
Speaker 11: and the pandemic response by the US. This would be
Speaker 11: the first time Fauci has testified since he retired. Global
Speaker 11: News twenty four hours of and Whenever You want it
Speaker 11: with Bloomberg News Now, I'm Amy Morrison.
Speaker 3: 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. As
Speaker 2: Amy said, but now also as she said, you can
Speaker 2: get the latest news on demand whenever you want it.
Speaker 5: So how do you do it?
Speaker 2: You subscribe to Bloomberg News Now to get the latest
Speaker 2: headlines at the click of a button. You can get
Speaker 2: informed on your schedule. You can listen and subscribe to
Speaker 2: Bloomberg News Now on the Bloomberg Business app, Bloomberg dot
Speaker 2: Com plus apples, Spotify, and anywhere else you get your podcasts.
Speaker 2: Time now for the Bloomberg Sports Update. Here's John stash
Speaker 2: Hour John.
Speaker 6: Darn Week thirteen underway Thursday night football in Dallas with
Speaker 6: the Cowboys. We're going for a fourteenth consecutive home victory.
Speaker 6: They trailed Seattle throughout the second half until at dak
Speaker 6: Prescott touchdown passed with four thirty seven laft. Cowboys won
Speaker 6: forty one to thirty five. Prescott having an MVP type season,
Speaker 6: he threw British GIAT three hundred yard three touchdowns Gino
Speaker 6: Smith the Seahawks qv also threw for three touchdowns, all
Speaker 6: of them went to DK Metcalf, but the Seahawks have
Speaker 6: now lost three in a row.
Speaker 8: They dropped to six and six.
Speaker 6: Buffalo Bills pass rusher Von Miller was facing in arrest.
Speaker 6: The rest warrant was issued last night in Dallas. He
Speaker 6: turned himself in. He's in Dallas because the Bills have
Speaker 6: a bye week. He was arrested on domestic violence charge
Speaker 6: in a case involving his girlfriend. The NFL on the
Speaker 6: pass has flex games moved them from the Sunday afternoon
Speaker 6: to Sunday nights. Never before had they flexed the game
Speaker 6: into a Monday night. They've done that for a week fifteen.
Speaker 6: Philadelphia and Seattle were supposed to play Sunday, It'll now
Speaker 6: be on a Monday, and Kansas City, New England moved
Speaker 6: from a Monday back to a Sunday. Shows you how
Speaker 6: bad the Patriots are for the NFL. The new Patrick
Speaker 6: Mahomes off of Prime time NBA. The Warriors with the
Speaker 6: Clippers won twenty to one fourteen. Steph Curry scored twenty six,
Speaker 6: had seven rebounds, eight assists.
Speaker 3: Hockey.
Speaker 6: The Bruins had lost three straight. They came home shut
Speaker 6: out the Sharks three to nothing. Washington won it Anaheim
Speaker 6: five to four, a win for LSU that have any
Speaker 6: national Champson women's basketball Angel hes Back in the lineup
Speaker 6: scored nineteen. She had been out the last board games.
Speaker 6: John Stshawer Bloomberg Sports.
Speaker 15: From coast to coast, from New York to San Francisco,
Speaker 15: Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg
Speaker 15: Business app in Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 15: Good morning. I'm Nathan Hager. The truce is over in Gaza.
Speaker 15: The seven day ceasefire between Israel and Hamas has ended.
Speaker 15: Israel is resuming combat operations after Israel said Hamas violated
Speaker 15: its agreement that has released dozens of hostages over the
Speaker 15: last seven days in exchange for Palestinian prisoners. For the
Speaker 15: latest we were joined by Rosalind Mathison, Bloomberg News Director
Speaker 15: for Europe, Middle East and Africa. Roz, thanks for being
Speaker 15: with us once again. What set off this resumption of combat.
Speaker 16: Well, basically, the truce was due to lapside of the
Speaker 16: way in the early hour this morning. What we had
Speaker 16: seen previously was that the SEASPI was rolled over for
Speaker 16: two further days, and there had been talks to try
Speaker 16: and get it rolled over again. Those clearly weren't successful,
Speaker 16: and so that the SEASPI lapsed early this morning.
Speaker 5: And what we have is.
Speaker 16: Hamas and Israel both accusing the other of violating the
Speaker 16: terms of the Sea SPI, not meeting the agreements about
Speaker 16: the release of Israeli hostages yesterday, the number of those hostages,
Speaker 16: Harmas accusing Israel in turn. And now we've seen a
Speaker 16: resumption of the fighting. As you say, we saw airstrikes
Speaker 16: into Gaza this morning. We know the fighting's going on
Speaker 16: there again. Hermas says there have been casualties and wounded
Speaker 16: at hospitals already, and Israel is making clear that their
Speaker 16: goal in the end still is to eradicate Hamas, and
Speaker 16: as part of that they now see the military campaign
Speaker 16: likely moving further south in the Gaza strip.
Speaker 5: It's been quite concentrated in the north.
Speaker 16: But the messaging today, the warning to people in Gaza
Speaker 16: today is be prepared because the military is going to
Speaker 16: now push further sout.
Speaker 3: And the messaging from the US with that expectation that
Speaker 3: the war would be heading to the south, was that
Speaker 3: Israel needs to limit civilian casualties. Talk about US diplomacy,
Speaker 3: the role that's playing there, and whether that could have
Speaker 3: any impact on what we see on the ground.
Speaker 5: Well, that's right.
Speaker 16: In fact, the US Secretary of State Anthony Blincoln was
Speaker 16: still on the ground in Israel when the fighting did resume.
Speaker 16: He took off shortly afterward for Dubai to attend the
Speaker 16: COP twenty eighth summit, but in his meetings in Israel,
Speaker 16: he said he made very clear to officials there that
Speaker 16: the US is concerned about the humanitarian situation inside Gaza
Speaker 16: that they're urging Israel to do everything they can to
Speaker 16: limit the impact on civilians from this war and to
Speaker 16: also uphold international humanitarian law. And that was the public messaging,
Speaker 16: so privately you can imagine it was possibly a bit stronger.
Speaker 16: I mean, you can see the rhetoric shift really from
Speaker 16: the US since the start of this in October seven,
Speaker 16: which was the Hamas attack on Israel. The US does
Speaker 16: remain strongly supportive of Israel in this, but has become
Speaker 16: more vocal in their concerns about the impact on gas.
Speaker 5: And certainly that was a message that Blinkl was delivering
Speaker 5: on the ground.
Speaker 3: And even as the fighting continues, we're hearing from Kater,
Speaker 3: which has been leading negotiations on extending the ceasefire, that
Speaker 3: there are still talks underway to bring in further pauses.
Speaker 3: Can you give us further clarity on that?
Speaker 5: Well, that's right.
Speaker 16: In fact, even when the fighting was going on before
Speaker 16: the truce, we knew those lines of communication were working
Speaker 16: quite furiously. Katar, alongside Egypt and US officials acting as
Speaker 16: go betweens between Hamas and also Israel, and a role
Speaker 16: potentially for Iran in all of that.
Speaker 5: The idea was to get towards.
Speaker 16: That initial truce that we saw that lasted for seven
Speaker 16: days in the end, and Kata has been out this
Speaker 16: morning very quickie to say despite the resumption of the fighting,
Speaker 16: those talks are still going on. It is hopeful that
Speaker 16: there can be a way back to at least other
Speaker 16: temporary truce. That's because there are still Israeli hostages inside
Speaker 16: Gaza that we know, and aid agencies that hope to
Speaker 16: get more humanitarian aid into Gaza during that window which
Speaker 16: has now shut at least for now, And so Kata
Speaker 16: is saying, we're still talking about there. We're hope you
Speaker 16: can get to a point to at least have a
Speaker 16: temporary truce. But the reality in the end also Israel
Speaker 16: has made very very clear that they intend to keep fighting.
Speaker 16: Their overarching goal is to eradicate Hamas, and right now
Speaker 16: they don't see that goal as having been met.
Speaker 3: Only have a minute left ros. But before the fighting began,
Speaker 3: the New York Times reported that Israel got a hold
Speaker 3: of Hamas's battle plan for October seventh, more than a
Speaker 3: year ago. Tell us more about that.
Speaker 5: Well, that's right.
Speaker 16: In fact, this was also reported by an Israeli media
Speaker 16: outlet Khan Media a couple of days ago, saying that
Speaker 16: Israel did get blueprints of this plan by Hamas a
Speaker 16: year ago, but dismissed it as too difficult for Hamas
Speaker 16: to carry out, implausible, and so didn't really follow up
Speaker 16: on it. And that echoes some of what we've seen
Speaker 16: from the reporting we've done ourselves, which is really this
Speaker 16: presumption on the part of the Israeli security forces the
Speaker 16: intelligence services, that Hamas wasn't able to do something of
Speaker 16: this nature, that yes, you'd see six skirmishes go on
Speaker 16: from time to time from Gaza into Israel, but that
Speaker 16: a full throated attack was impossible, and that's why in
Speaker 16: the end they kind of missed the signals leading up
Speaker 16: to the October seven attack.
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