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 want to begin this morning with an antitrust ruling
Speaker 3: that threatens to upend the mobile app economy. A federal
Speaker 3: jury in San Francisco has ruled in favor of video
Speaker 3: game developer Epic Games, declaring that Alphabet's mobile app store
Speaker 3: has a monopoly over distribution of programs and payments on
Speaker 3: its Android software. Like Apple's App store, Google Play charges
Speaker 3: up to thirty percent commissions for users, and it generates
Speaker 3: close to two hundred billion dollars a year. Bloomberg Executive
Speaker 3: editor Peter Elstrom says this was a surprise ruling after
Speaker 3: Epic lost a similar case against Apple two years ago,
Speaker 3: but he says there are some key differences.
Speaker 4: Google had a whole series of special deals that it
Speaker 4: was cutting with different companies from different fees within the
Speaker 4: app store. For example, Spotify, the music service, essentially bypass
Speaker 4: the fees from the Google App Store. In many cases,
Speaker 4: companies pay thirty percent fees. So the argument was that Google.
Speaker 4: Google had something that they called Project hug where they
Speaker 4: were trying to keep the most important apps within the
Speaker 4: store not go to rival stores that could compete against
Speaker 4: them in the Google Play Store, and Epic argued that
Speaker 4: this was at a competitive behavior.
Speaker 3: Bloomberg's Peter Elstrom says Alphabet plans to appeal the decision.
Speaker 3: Epic didn't seek financial penalties, but it is looking for
Speaker 3: changes to the Google Play Store.
Speaker 2: Well, we turned to Washington, now, Nathan, where the focus
Speaker 2: is on geopolitics and the fight over a foreign aid
Speaker 2: in Congress. Ukraine's President Vladimir Zelenski is in Washington for
Speaker 2: a two day visit. He spoke alongside Defense Secretary Lloyd
Speaker 2: Austin at the National Defense University yesterday.
Speaker 5: Process war on Ukraine isn't just about Is it just
Speaker 5: about some old fashioned dictatorship trying to settle scores real
Speaker 5: or imagined.
Speaker 6: It's not just Moscou trying to split Europe again. It's
Speaker 6: put him put in attacking that big sheet that happened
Speaker 6: back in nineteen eighty nine.
Speaker 2: And President Zelenski also met with the head of the
Speaker 2: International Monetary Fund, A christ Alina Georgiaeva, who announced the
Speaker 2: dispersal of nine hundred million dollars in aid. Selenski meets
Speaker 2: today with President Biden and Republican lawmakers. They refused to
Speaker 2: budge on about sixty billion dollars in new assistance without
Speaker 2: funds for the southern border.
Speaker 3: Well, Karen, the focus is also on the other major
Speaker 3: global conflict in the Middle East. President Biden is warning
Speaker 3: Israel that public support for its war against Hamas could
Speaker 3: shift as the civilian death told mounts in the Gaza strip.
Speaker 3: The President is still backing Israel's fight.
Speaker 7: As I said after the attack, Mike, commitment to the
Speaker 7: safety the Jewish people and the security of israel Is
Speaker 7: right to exist, is independent as an independitary state is
Speaker 7: just unshakable.
Speaker 3: President Biden spoke at a Whinehouse Honkka reception as his
Speaker 3: administration pushes Congress for new aid.
Speaker 2: Meanwhile, Nathan last Week's Congressional testimony over campus anti semitism
Speaker 2: continues to Royal higher education. More than seven hundred faculty
Speaker 2: members at Harvard University have signed a petition urging school
Speaker 2: leadership to resist political pressures, including calls for the removal
Speaker 2: of President Claudine Gay. More than a thousand students at alumni,
Speaker 2: including billionaire donors like Bill Lackman, are demanding this school
Speaker 2: replace her, and this morning, sources tell the school's newspaper
Speaker 2: at the Harvard Crimson, that Gay will remain in office.
Speaker 2: After receiving backing from the university's highest governing body, Gay
Speaker 2: in the heads of MIT and the University of Pennsylvania
Speaker 2: struggle to say directly that calling for the genocide of
Speaker 2: Jews violates school harassment policies. Liz McGill stepped down as
Speaker 2: Penn's president over the weekend.
Speaker 3: Sticking with politics, the Supreme Court has agreed to hear
Speaker 3: former President Donald Trump's claims of presidential immunity over the
Speaker 3: Special Council's twenty twenty election interference case.
Speaker 1: Bloomberg Zed Baxter has that story.
Speaker 8: Special counsel Jacksmith filed the motion, saying it goes to
Speaker 8: the heart of democracy whether Donald Trump or any other
Speaker 8: president has what Trump has claimed as absolute immunity. Trump
Speaker 8: filed an appeal that would go to win Appellet Court,
Speaker 8: but Smith petitioned the highest court in the land to
Speaker 8: try to get an expedited ruling. It would end up
Speaker 8: there in any event. The fighting Mirk's the first time
Speaker 8: the Court has been asked to intervene in one of
Speaker 8: these cases on election interference. Regarding mister Trump, Smith is
Speaker 8: asked for the court to rule during this term, which
Speaker 8: ends in June. Ed Baxter, Bloomberg Radio.
Speaker 1: All right, ed, thanks.
Speaker 2: Elsewhere in politics, ousted former Congressman George Santos is in
Speaker 2: plea talk to the prosecutors, and Bloomberg's Nancy Lyons has
Speaker 2: the details.
Speaker 9: Prosecutors say in a filing that they're engaged in discussions
Speaker 9: with George Santos in hopes of resolving the matter without
Speaker 9: a trial. Santos was set to appear to hearing Tuesday.
Speaker 9: Santos is charged with multiple federal counts of stealing public
Speaker 9: funds and lying on federal disclosure forms. Two people tied
Speaker 9: to Santos's congressional campaign as former fundraiser and former treasurer,
Speaker 9: have both pleaded guilty to federal charges in Washington. Nancy Lyons,
Speaker 9: it's Bloomberg Radio.
Speaker 3: All right, Nancy, thank you. We have some major economic
Speaker 3: news on the calendar this morning. The November Consumer Price
Speaker 3: Index comes out at eight thirty Wall Street time. The
Speaker 3: final Federal Reserve meeting of the year kicks off today
Speaker 3: and we get the decision and Chair J. Powell's news
Speaker 3: conference tomorrow. Markets are looking for rate cuts next year.
Speaker 3: But Bloomberg Intelligence chief US interra strate Strategistyreg Jersey thinks
Speaker 3: Powell is going to push back.
Speaker 10: The Fed is still an inflation fighting mode, right and
Speaker 10: I think that they don't want the market to think
Speaker 10: that they're going to be cutting very early, because that's
Speaker 10: loosening financial conditions quite a lot. And because of that,
Speaker 10: the big risk is to markets on Wednesday is that
Speaker 10: they say, hey, we're probably not going to cut quite
Speaker 10: as aggressively as the market's thinking right now.
Speaker 3: In Bloomberg, Syra Jersey says, even if headline inflation meets
Speaker 3: market expectations, core CPI could remain elevated enough to keep
Speaker 3: rates on hold well into twenty twenty four. Tim how
Speaker 3: to take a look at some of the other stories
Speaker 3: making news around the world with Bloomberg's Amy Morris.
Speaker 1: Good morning, Amy, Good.
Speaker 11: Morning, Nathan. Firefighters didn't find anyone trapped in the debris
Speaker 11: of that New York City apartment building yesterday. Part of
Speaker 11: the seven story building collapsed, leaving apartments exposed and walls
Speaker 11: just sheered off.
Speaker 1: Neighbors are stunned.
Speaker 2: Came from the top first and it just started falling
Speaker 2: down everywhere.
Speaker 1: I just see a lot of stuff just flying down.
Speaker 1: I don't even know the bullet and phone and tire
Speaker 1: really look was scared. I was, I'm thinking, you know, oh,
Speaker 1: everybody's okay.
Speaker 11: Fire officials say two people did suffer minor injuries while
Speaker 11: they were evacuating the damaged building. After a poll last
Speaker 11: week showed Mayor Eric Adams approval rating for a record
Speaker 11: low twenty eight percent, there's a new poll showing who
Speaker 11: could be the person to succeed Adams. Leading the list.
Speaker 11: Former New York Governor Andrew Cuomo. Political consultant Ken Friedman
Speaker 11: says Cuomo would be a viable candidate, and he tells
Speaker 11: WABC New York the timing for Adams is just awful.
Speaker 12: The migrant issue is a terrible problem for any mayor,
Speaker 12: to be fair, and I can't you know, I've thought
Speaker 12: about it a lot. And have you put you put
Speaker 12: LaGuardia in office now, I don't think he could handle this,
Speaker 12: or even Giuliani.
Speaker 11: Frankly, some observers say it's the migrant crisis that's hurting
Speaker 11: Adams more than anything else. Former Trump lawyer Rudy Giuliani's
Speaker 11: defamation case is underway in DC. Giuliani had earlier admitted
Speaker 11: he spread lies about two Georgia election workers, accusing them
Speaker 11: of manipulating ballots, but now as the case gets underway,
Speaker 11: Giuliani now denies that he likes.
Speaker 13: When I testify, to get the whole story, and it
Speaker 13: will be definitively clear that what I said was true
Speaker 13: and that whatever happened to them, which is it's unfortunate
Speaker 13: if other people overreact, but everything I said about them
Speaker 13: is true.
Speaker 11: The hearing is to determine how much he owes for
Speaker 11: spreading the lies about the women. President Biden last week
Speaker 11: said he was willing to make significant compromises over border
Speaker 11: policy now before Congress breaks for winter recess. Senate Minority
Speaker 11: Leader Mitch McConnell told the White House in his Senate
Speaker 11: floor remarks, it would be imperative for any other Senate
Speaker 11: support mister.
Speaker 7: President when it comes to keeping America safe.
Speaker 14: Border security is not a side show.
Speaker 13: It's ground zero.
Speaker 11: McConnell's latest push comes as Ukrainian President Voladimir Zelensky is
Speaker 11: scheduled to address the Senate. Global News twenty four hours
Speaker 11: a day and whenever you want it with Bloomberg News. Now,
Speaker 11: I'm Amy Morrison. This is Bloomberg.
Speaker 1: Nathan, all right, Amy, thank you.
Speaker 3: Time now for the Bloomberg Sports Update, brought to you
Speaker 3: by Tri State Outy.
Speaker 1: Good morning, John Stanshout, Good morning, Nathan.
Speaker 15: The legend of Tommy Cutlet Stavino continues to grow.
Speaker 1: It's quite a story.
Speaker 15: Undrafted rookie quarterback latches on with his hometown team while
Speaker 15: still living with his parents. He goes from third string
Speaker 15: quarterback to first leads the Giants to three straight wins.
Speaker 15: Last night, DeVito ran for seventy one yards and he
Speaker 15: completed seventeen of twenty one passes, one per touchdown.
Speaker 4: Gasito in a shotguncept three receivers lacked partly news.
Speaker 1: Light Torino call signals and take what's the snack.
Speaker 4: Back to throw Woo's KOs White, Wo's Ques White looking
Speaker 4: for someone on cover crosse.
Speaker 3: To the year zone touchdown Giants Hi Sea Hodgin on
Speaker 3: WFA N.
Speaker 1: Giants led the Packers by eight.
Speaker 15: Green Bay rally took the lead on a TV with
Speaker 15: a minute half to go, but de Veto drove the
Speaker 15: Giants into field goal range and they won twenty four
Speaker 15: to twenty two on a Randy Bullock thirty seven yarder.
Speaker 15: The Giants still just five and eight, but amazingly in
Speaker 15: the NFC, that's only one game out of a playoff spot.
Speaker 15: There were two Monday Nighters and the Titans of Dolphins
Speaker 15: also a thriller in Miami. Huge comeback by Tennessee down
Speaker 15: two touchdowns less than three minutes to go, they scored
Speaker 15: fifteen points a TV at two pointer or another TV
Speaker 15: fifty one seconds later. Tennessee won twenty eight twenty seven.
Speaker 15: Surprising details emerging about the show Aotani contract with the Dodgers.
Speaker 15: It is for seven hundred million dollars, but all but
Speaker 15: twenty million will be deferred and paid off starting in
Speaker 15: twenty thirty four. This allows the Dodgers to afford other players,
Speaker 15: and they're said to be in it for another Japanese
Speaker 15: import pitcher, y Ashinobo Yamamoto, who the Mets and Yankees
Speaker 15: also cover.
Speaker 1: Yanks met with him yesterday.
Speaker 15: Nixon Islanders both beat Toronto, the Nets lost in Sacramento.
Speaker 1: John Stash Edward Bloomberg.
Speaker 16: Sports from coast to coast, from New York to San Francisco,
Speaker 16: Boston to Washington, DC, nationwide on Syrias exam, the Bloomberg
Speaker 16: Business app and Bloomberg Dot com.
Speaker 1: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager.
Speaker 3: We could have a sea change coming to the way
Speaker 3: we access the apps that make our smartphones more than
Speaker 3: just phones. The federal jury in San Francisco has found
Speaker 3: that Alphabet's mobile app store Google Play is a monopoly
Speaker 3: after a nearly month long antitrust case with fortnitemaker Epic Games.
Speaker 3: For more on this what it could mean for the
Speaker 3: multi billion dollar mobile app economy, we are pleased to
Speaker 3: be joined by Bloomberg News technology reporter Mark Bergen Mark,
Speaker 3: Good morning. What are the implications from this victory for
Speaker 3: Epic Games?
Speaker 16: Morning?
Speaker 17: I mean the implications in one way is that Epic
Speaker 17: and many other kind of all these apps that charge
Speaker 17: for subscriptions or sort of in app services will be
Speaker 17: conceivably able to pass us along to consumers. They will
Speaker 17: just state that cut they were making that thirty percent
Speaker 17: over to Google. If the policy actually changes, is that
Speaker 17: something that they no longer have to make and so
Speaker 17: that those companies will either have more money for their
Speaker 17: own shareholders or that they can actually just charge cheaper
Speaker 17: rates to consumers.
Speaker 3: Interesting to see that potential implication when the whole idea
Speaker 3: of antitrust cases is to try to lower prices for consumers.
Speaker 3: But you're thinking that Epic and some other app providers
Speaker 3: that might be the opposite case for them.
Speaker 17: Oh no, no, and sorry, I mean I presumably they
Speaker 17: could lower prices here because this is money that like,
Speaker 17: that's the argument that Epic has been making, right, that
Speaker 17: they the reason they have to have the higher fees
Speaker 17: is because that they you know, every time someone buys
Speaker 17: something within the app Store for a thirty percent cost
Speaker 17: to the Apple in the play Store, thirty percent coast
Speaker 17: to Google. And so now they've been arguing in others
Speaker 17: that they can pass these savings along with cheaper.
Speaker 1: Cheaper rates, pass the savings along.
Speaker 3: Okay, yeah, for sure, let's get the miss here there.
Speaker 3: But Epic lost a similar fight against the Apple App
Speaker 3: Store two years ago. What made its case against Google
Speaker 3: play so different?
Speaker 17: It's a really interesting question because I know Google will
Speaker 17: certainly argue that they are a lot more open than Apple.
Speaker 17: I mean, Apple is, Google has Android was a bunch bigger.
Speaker 17: They have, like they have a different Samsung soa it
Speaker 17: has its own app store, and Huawei, these sort of
Speaker 17: hardware manufacturers. Google is that does allow other app stores
Speaker 17: to exist on Android phones in a way that that
Speaker 17: Apple just doesn't on iPhones. I mean this this u
Speaker 17: is a different political climate in some ways, Like Google
Speaker 17: is back against the ropes on a number of issues
Speaker 17: around around antitrust and both with its search position in
Speaker 17: its app store. And this something that that Fortnite has
Speaker 17: been an epic its owner has been working on for years.
Speaker 3: So does this verdict have applications then for the Apple
Speaker 3: App Store or any other providers that offer app stores
Speaker 3: on their platforms, or is it just.
Speaker 1: You know, just for alphabet.
Speaker 17: This is I mean, this is a this is a
Speaker 17: two company market in some ways, and in many ways
Speaker 17: Apple dominates, right, So so another company sort of gives
Speaker 17: us a full clarity about how much they make. But
Speaker 17: you know a lot of estimates show that Apple just
Speaker 17: makes so much more money from that's app store, like
Speaker 17: iPhone users spend a lot more money. So this is
Speaker 17: something that could certainly impact Apple. I think you know
Speaker 17: what Epic CEO Tim sweet Sciaty's after is not just
Speaker 17: a legal victory, but he's actually after a policy business
Speaker 17: practice change. He wants the business models and the app
Speaker 17: stores to fundamentally change, and they have been for for
Speaker 17: the past few years, both Apple and Google have lowered
Speaker 17: the fees they take for some subscription services like Netflix,
Speaker 17: and they've made some concessions and been forced to make
Speaker 17: concessions and other markets. So I think, you know, we
Speaker 17: can also see that after the ruling, Google came out
Speaker 17: and said there they're contesting this, so they're certainly not
Speaker 17: going now without a fight.
Speaker 1: How difficult to fight is it going to be? Though?
Speaker 1: On appeal?
Speaker 3: I mean, we've been speaking to some legal experts that
Speaker 3: say the bar is set pretty high for Google to
Speaker 3: try to overcome the difficulties that faced the trial.
Speaker 17: Google has many well paid and veteran lawyers there you go,
Speaker 17: and outside law firms, so I don't doubt that they'll
Speaker 17: actually have enough kind of a legal fire part to
Speaker 17: keep fighting this.
Speaker 1: If this does stand.
Speaker 3: Though, Mark, what kind of hit does Google stand to
Speaker 3: take from revenue? I mean, thirty percent fees is nothing
Speaker 3: to sneeze at.
Speaker 17: That's correct, But this is still a small portion of
Speaker 17: their overall business, right like this has something this has
Speaker 17: not impact their cash cow search search advertising, and then
Speaker 17: from there they make some farmer money on YouTube ads,
Speaker 17: on display ads across the Internet and the cloud business,
Speaker 17: and you know this is around the same down in
Speaker 17: the and the sort of they blump everything together with
Speaker 17: their hardware businesses like Google, Pixel and Nest Devices and
Speaker 17: then play Store. So it's not insignificant certainly for any
Speaker 17: of the companies that that's not an alphabet size. But
Speaker 17: as you see, I don't as far as I know,
Speaker 17: shares didn't drop tremendously on this news, and I think
Speaker 17: that's in part because the markets are aware that, you know,
Speaker 17: Google is this behemoth that has a lot of different
Speaker 17: lines of businesses.
Speaker 3: And at the same time, Google's facing anti trust action
Speaker 3: from the Justice Department over search, particularly on cell phones
Speaker 3: where the app store, where the Google play Store lives.
Speaker 3: So in our last minute, could this case have implications
Speaker 3: for for that case, or it's trying to make maintain
Speaker 3: its search dominance on cell phones.
Speaker 17: I think. I mean, this certainly gives more ammunition to
Speaker 17: critics like Epic Games and Company and Spotify has been
Speaker 17: a critic of sapster model and companies that have been
Speaker 17: kind of willing to come out and take positions around
Speaker 17: and complains the Justice Department to the FTC. And so
Speaker 17: I think in that political sense, yeah, it certainly puts
Speaker 17: Google further back on its speed.
Speaker 3: All right, thanks for this, Mark, really good to get
Speaker 3: the clarity on this pretty important decision. With Epic Games
Speaker 3: winning its anti trust fight against Alphabet over the Google
Speaker 3: Place store. Mark Bergen covers tech for Bloomberg News. Now
Speaker 3: let's turn to geopolitics and the rising stakes for both
Speaker 3: Ukraine and its defense against Russia and Israel's fight against Hamas. Today,
Speaker 3: Ukrainian President Vladimir Zelenski will continue to press his case
Speaker 3: for renewed aid multi billion dollars in aid to his country.
Speaker 3: He's going to be speaking directly to lawmakers in Washington,
Speaker 3: Whileen is warning Israel that public opinion could shift if
Speaker 3: the war in Gaza continues to take a severe civilian toll.
Speaker 3: And for more on all this, we're joined by Bloomberg
Speaker 3: News Senior editor Derek Wallbank. Derek, I know you've been
Speaker 3: monitoring President Zelenski's trip to Washington.
Speaker 1: This is day two.
Speaker 3: He's been speaking to the National Defense University, the International
Speaker 3: Monetary Fund as well. What should we expect as the
Speaker 3: Ukrainian president meets today with US President Biden and those
Speaker 3: lawmakers on Capitol Hill.
Speaker 14: Well, I think he's got a very tough job ahead
Speaker 14: of him. The aid to Ukraine is currently stalled amid
Speaker 14: package negotiations over aid to Israel, as well as Republican
Speaker 14: demands for increased border security measures. Zelenski walks into that fight,
Speaker 14: I think, in a much weaker position than he was
Speaker 14: in the last time that he was in Washington. Remember,
Speaker 14: he got received with somewhat rapturous crowds. He had addresses
Speaker 14: to US lawmakers. It was a whole it was a
Speaker 14: whole thing. For lack of a more technical term, it's
Speaker 14: not so much that in case. Right now, I think
Speaker 14: there is rising skepticism, especially on the right, over the
Speaker 14: over the war in general. There is somewhat of an
Speaker 14: increased appetite in Washington. You know, maybe not a majority opinion,
Speaker 14: but certainly a sizeable opinion uh that that this war
Speaker 14: needs to find an off ramp. And unfortunately for Zelenski,
Speaker 14: he's caught a bit between a rock and a hard place,
Speaker 14: because on the on the Washington side, you're talking about
Speaker 14: a difficulty with Republicans who, in fairness, may be trying
Speaker 14: to simply extract something rather than actually hold this up indefinitely.
Speaker 14: On the other side, in Europe, you've got he's having
Speaker 14: problems with Victor ORBN in h in Hungary, gumming up
Speaker 14: some of the aids there. And between those two things,
Speaker 14: you are seeing new aid pledges to Ukraine reach a
Speaker 14: substantial low compared to where it was earlier this year
Speaker 14: or even late last year.
Speaker 3: I mean, we're hearing some of the rhetoric from President
Speaker 3: Scolensky sounding quite a bit more dire if he doesn't
Speaker 3: get this aid, talking about the threat it could post
Speaker 3: a democracy if Russia's hand were to be improved by
Speaker 3: Ukraine not receiving this aid.
Speaker 1: What about that? Could that change any minds?
Speaker 3: Do you think on Capitol Hill, this idea that this
Speaker 3: is still a fight for democracy in Ukraine.
Speaker 14: Yeah, well, I think the number one mind that I'm
Speaker 14: particularly interested to see is the new US House speaker. Right,
Speaker 14: remember that, if we go all the way back, and
Speaker 14: it's not actually that far back, but to when Kevin
Speaker 14: McCarthy was speaker, there were some talks in the last
Speaker 14: funding as part of the last funding negotiations that Ukraine
Speaker 14: aid would be brought up at some point. Then, of
Speaker 14: course McCarthy stops being speaker. All of his promises go
Speaker 14: right out the window, and in comes Mike Johnson, the
Speaker 14: Louisiana Well, Johnson was quite a Ukraine skeptic before he
Speaker 14: took the speakership and before he started getting those confidential
Speaker 14: security briefings that speakers do get. Johnson was telling the
Speaker 14: Wall Street Journal CEO Forum just last night that he's
Speaker 14: going to have a message for his Zelenski to basically say, look,
Speaker 14: we've got to get all of this done together. He
Speaker 14: said he's going to tell them the same thing in
Speaker 14: private that he's saying in public. Sure, fine, that's all good.
Speaker 14: The question that I'm really interested in it is what
Speaker 14: is Mike Johnson's price for putting something on the house floor.
Speaker 14: If he put something on the house floor, it's probably
Speaker 14: going to pass. That's just the math of it. But
Speaker 14: Johnathan have got a difficulty because he's got to deal
Speaker 14: with his conference, and his conference is going to want
Speaker 14: things out of this how much? That's the critical question.
Speaker 1: What do you make of the you shift in rhetoric?
Speaker 3: It seems like we're hearing from President Biden when it
Speaker 3: comes to the stance toward Israel and the mounting civilian
Speaker 3: death toll.
Speaker 14: Well, Joe Biden warned at a Honika reception that a
Speaker 14: public opinion can shift on the war. Certainly, I think
Speaker 14: Biden has seen public opinion kind of sour a little
Speaker 14: bit on his own handling. Some of that is from
Speaker 14: within his own party. Some of his big supporters are
Speaker 14: are disappointed with how closely he has tied himself to Israel.
Speaker 14: At the same point, some people on the other side,
Speaker 14: of the more central side of the Democratic Party would
Speaker 14: say he hasn't done it enough. So he is in
Speaker 14: a very difficult political position on this, But as a
Speaker 14: matter of straight fact, he is right. You know, there
Speaker 14: is a risk as Israel prosecutes the war that the
Speaker 14: mounting civilian tolls could create a public a public relations
Speaker 14: problem for Israel in some of the country is that
Speaker 14: are backing them up, specifically in the United States. So
Speaker 14: that is a warning that he's been trying to do.
Speaker 14: But the problem is is that if you try, and
Speaker 14: politically speaking here, if you try and have it both ways,
Speaker 14: sometimes you wind up having it neither way. And the
Speaker 14: White House right now doesn't really have a ton of
Speaker 14: friends across the political spectrum with how it's been handling this,
Speaker 14: because each side would say that somebody else is doing
Speaker 14: it better or that they're not doing quite enough.
Speaker 18: 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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Speaker 2: need to start your day right here on Bloomberg Daybreak