Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 1: stories we're following today.
Speaker 2: Karen, we'll get back to the markets in a moment,
Speaker 2: but we begin with breaking news in the Middle East.
Speaker 2: Israel says it has eliminated the head of Hamas's military wing.
Speaker 2: In a post on x, the Israeli military says it
Speaker 2: has confirmed Hamas's second in command, Mohammed daff was killed
Speaker 2: in a strike in Gaza on July thirteenth. Bloomberg Middle
Speaker 2: East anchored Jumana Bursecci has the latest from Dubai.
Speaker 3: From Israel's perspective, it is a major diplomatic coup for
Speaker 3: the Israeli Prime Minister Natanie who because they have said
Speaker 3: from the very beginning that they wanted to exact revenge
Speaker 3: on the perpetrators of October seven and on Hamas, and
Speaker 3: so from their perspective, this actually works towards the goal
Speaker 3: of eliminating and neutralizing Hamas's military capabilities.
Speaker 2: Bloomberg Middle East ankardjuam Mona Bersaci says this latest killing
Speaker 2: leave ceasefire talks with Hamas even more uncertain.
Speaker 1: Nathan, this latest development out of Israel follows the two
Speaker 1: air strikes this week that killed Hamas's political leader Ishmael
Speaker 1: Hania and Tehran and senior Hezbola commander Fuad Shuker in Beirut.
Speaker 1: Israel is not confirmed it was behind Honia's death, but
Speaker 1: The New York Times reports around Supreme Leader has ordered
Speaker 1: a direct attack on Israel. In response, Secretary of State
Speaker 1: Anthony Blenkin is urging all sides to de escalate.
Speaker 4: It all starts with the ceasefire and to get there,
Speaker 4: it also first requires all parties to talk to stop
Speaker 4: taking any escalatory actions.
Speaker 1: Despite that determination from Secretary of State Blank and sources,
Speaker 1: Tol Bloomberg Knews that the Biden administration and knows getting
Speaker 1: to a ceasefire is harder than ever. After Ishmael Hania's death.
Speaker 2: Trained to politics back home, Karen. Former President Donald Trump
Speaker 2: was in Chicago for the National Association of Black Journalists
Speaker 2: conference and he questioned Vice President Kamala Harris's racial identity.
Speaker 2: We get more from Bloomberg Zamy Morris. In Washington, the.
Speaker 5: Former president got booed and some laughs when he said
Speaker 5: during a roundtable discussion that he questions Vice President Kamala
Speaker 5: Harris's racial identity.
Speaker 6: She was always of Indian heritage, and she was only
Speaker 6: promoting Indian heritage. I didn't know she was black until
Speaker 6: a number of years ago when she happened to turn black,
Speaker 6: and now she wants to be.
Speaker 2: Known as black.
Speaker 5: Trump also defended old comments from his running mate, Senator
Speaker 5: jd Vance that disparaged women without children as quote childless
Speaker 5: cat ladies, saying it was meant in a friendly manner.
Speaker 5: The National Association of Black Journalists says they're also in
Speaker 5: talks to have Vice President Harris virtually address their convention.
Speaker 5: Amy Morris Bloomberg Radio, all.
Speaker 1: Right by me, thank you. As Vice President Kamala Harris
Speaker 1: gets closer to picking a running maid, her team has
Speaker 1: met with Pennsylvania Governor John Shapiro. Bloomberg's Ed Baxter has
Speaker 1: that story.
Speaker 7: They have said all along he's on the shortlist, which
Speaker 7: now includes Shapiro, Senator Mark Kelly, and Minnesota Governor Tim Walls,
Speaker 7: and say that it was just part of the selection
Speaker 7: process and not to read anything into it. Sources as
Speaker 7: well say several unions have made their concerns known about Kelly. One,
Speaker 7: the Transport Workers Union, said he is not pro trade
Speaker 7: union enough. In fairness, other unions have supported him. Harris
Speaker 7: did pick up the endorsement of the United Auto Workers,
Speaker 7: influential in Michigan. She plans to campaign with her pick
Speaker 7: next week. Ad Baxter Bloomberg Radio.
Speaker 2: Okay and thanks. Let's turn back to markets now, the
Speaker 2: barrage of earnings around the world. We'll start with Meta Platforms.
Speaker 2: Those shares are up six and a half percent in
Speaker 2: early trading. The Facebook owner reported better than expected sales
Speaker 2: in the second quarter. Investments in artificial intelligence are helping
Speaker 2: meticell more targeted and personalized advertisements. Meta CEO Mark Zuckerberg
Speaker 2: talked about AI on the conference call.
Speaker 8: They're all the jokes about how all the tech CEOs
Speaker 8: get on these earnings calls and just talk about AI
Speaker 8: the whole time, because it's actually super exciting and it's
Speaker 8: going to change all these different things over multiple time.
Speaker 2: Horizon, Mark Zuckerberg's Meta Platforms reported sales of thirty nine
Speaker 2: point one billion dollars that topped estimates by eight hundred million.
Speaker 1: Well, Nathan. While Zuckerberg's personal wealth will rise if those
Speaker 1: gains and Meta shares hold, it may pale to the
Speaker 1: day in Vidia CEO Jensen Wong had shares of Nvidia
Speaker 1: search thirteen percent yesterday. I may get more from Bloomberg's
Speaker 1: Doug Prisner.
Speaker 9: The rally was linked to an upbeat forecast from competitor
Speaker 9: Advanced micro Devices. AMD's outlook pointed to improved demand for
Speaker 9: its AI accelerator, a market dominated by Nvidia. On Wednesday,
Speaker 9: Nvidia added a record three hundred and twenty nine billion
Speaker 9: dollars in value, and Wong's net worth was boosted by
Speaker 9: nearly twelve billion. He is now the world's fourteenth richest person,
Speaker 9: with a net worth of nearly one hundred and three
Speaker 9: billion dollars. He has been steadily capitalizing on Invidia's outperformance
Speaker 9: this year. He sold shares worth nearly one hundred and
Speaker 9: sixty nine million dollars in June, the most he's netted
Speaker 9: in a single month in New York. I'm Doug Prisner,
Speaker 9: Bloomberg Radio.
Speaker 2: All right, Doug, thanks and high tech will remain and
Speaker 2: focus this afternoon when Apple and Amazon report earnings. But
Speaker 2: let's check some key results overseas. This morning, shares of
Speaker 2: Shell are up one point two percent. The oil giant
Speaker 2: posted second quarter earnings above analyst estimates and confirmed another
Speaker 2: three and a half billion dollars share buy back shares
Speaker 2: of Barclays.
Speaker 1: We're higher earlier, now they're lower. In London, the British
Speaker 1: lender reported better than expected income in the second quarter,
Speaker 1: aided by a surge and revenue from some of its
Speaker 1: Wall Street operations. Barclays will also repurchase as much as
Speaker 1: nine hundred and sixty three million dollars in shares now.
Speaker 2: We turned to the US Economy Karen in more hints
Speaker 2: from the FED that it could pull off a rate
Speaker 2: cut at its next meeting. J Powell kept rates unchanged yesterday,
Speaker 2: but the FED share signaled officials are on course to
Speaker 2: cut in September unless inflation progress stalls.
Speaker 10: The question will be whether the totality of the data
Speaker 10: the evolving outlook in the balance of risks, or consider
Speaker 10: with rising confidence on inflation and maintaining a solid labor market.
Speaker 10: If that test is met, a reduction in our policy
Speaker 10: rate could be on the table as soon as the
Speaker 10: next meeting in September.
Speaker 2: Following FED shared Jpal's comments, interest rate swaps showed traders
Speaker 2: fully pricing in a quarter point cut in September and
Speaker 2: a total of almost seventy basis points in reductions for
Speaker 2: the year.
Speaker 5: On Nathan rates.
Speaker 1: Also in focus overseas, the Bank of England makes a
Speaker 1: policy decision later this morning, and economists say there could
Speaker 1: be the first rate cut since the start of the pandemic.
Speaker 1: Investors are placing a sixty four percent chance on a
Speaker 1: quarter point cut, taking a key lending rate from a
Speaker 1: five and a quarter percent to five percent.
Speaker 2: And back on Wall Street caring it as a blow
Speaker 2: for Bill Ackman. In just a matter of weeks, the
Speaker 2: Pershing Square founders planned to steer a new investment fund
Speaker 2: onto the New York Stock Exchange has collapsed. Acman bet
Speaker 2: his wide following on X could raise twenty five million
Speaker 2: dollars for Pershing in an initial public offering. That would
Speaker 2: have been an unprecedented feat for a closed end fund
Speaker 2: in the US. Acman later cut that target to four
Speaker 2: billion dollars than two billion. By yesterday, Pershing Square withdrew
Speaker 2: the IPO completely.
Speaker 1: It's time now for a look at some of the
Speaker 1: other stories making news in New York and around the world.
Speaker 1: For that, we're joined by A Bloomberg's John Tucker.
Speaker 11: John, Good Morning, Good morning, Karen. The man accused of
Speaker 11: being the main plotter in al Qaeda's nine to eleven attacks,
Speaker 11: has agreed to plead guilty. That's according to the Defense Department.
Speaker 11: Kaleide Shaik Mohammad and two accomplices in the attack are
Speaker 11: expected to enter the police at the Military Commission at
Speaker 11: Guantanamo Bay, Cuba, to avoid the death penalty. The US
Speaker 11: agreement with him and comes more than twenty years after
Speaker 11: militants flew commandeered commercial airliners into buildings, killing nearly three
Speaker 11: thousand people. Some family members of nine to eleven victims
Speaker 11: say that's not justice. Andrew Ensborough, as president of the
Speaker 11: Uniform Firefighters Association.
Speaker 12: They're allowing these three terrorists and mass murderers to continue
Speaker 12: to live well. On average, three New York City firefighters
Speaker 12: a time every month.
Speaker 11: More than three hundred and forty members the EMPTNY died
Speaker 11: in the attack on the World Trade Center. The US
Speaker 11: says the world should acknowledge that Venezuela is opposition one
Speaker 11: last weekend's election against President Nicholas Maduro. Brian Nichols, the
Speaker 11: top US diplomat for Western Hemisphere affairs, spoke at a
Speaker 11: meeting of the Organization of American States in Washington with.
Speaker 2: The irrefutable evidence based on the act.
Speaker 7: As everyone can see, it is clear that in Mundel
Speaker 7: Gonzalez Orutia defeated Nicholas Maduro by millions of votes.
Speaker 11: Meanwhile, Maduro doubled down on his claims of victory, saying
Speaker 11: his opponent should be jailed for decades. American Cancer Society
Speaker 11: says cancer rates are opt for Gen ax and millennials.
Speaker 11: According to the research published in the journal Lancet. They
Speaker 11: have a two to four times higher rate of specific
Speaker 11: cancers like pancreatic or kidney. The good news is the
Speaker 11: number of lung cancer and cervical cancer deaths are on
Speaker 11: the decline. Forty five percent of American adults say they've
Speaker 11: been billed in the past year for medical care they
Speaker 11: thought was covered by insurance. According to a report from
Speaker 11: the Commonwealth, thought at least many footing the bill for
Speaker 11: insurance company errors. Sarah Collins, one of the authors of
Speaker 11: the report from the Independent Health Research Foundation.
Speaker 1: When we asked him why they hadn't challenged, more than
Speaker 1: half sin it was because they weren't aware that they
Speaker 1: had the right to do so.
Speaker 11: Collins says more than a third of those who challenged
Speaker 11: their medical bills got their balances reduced or eliminated. Global
Speaker 11: news twenty four hours a day, whenever you want to
Speaker 11: it with Bloomberg News. Now, I'm John Tucker and this
Speaker 11: is Bloomberg Nathan and Karen.
Speaker 1: Sorry, John, thank you. Time now for the Bloombergy Sports
Speaker 1: Update with John Stashauer.
Speaker 13: John, good morning, Good morning, karens for the rough season
Speaker 13: for dj Lemayeu, the Yankees veteran infielder has struggled with
Speaker 13: the plate. They've seen his playing time strength. But the
Speaker 13: latest Yankee wins six ' five in Philadelphia all about
Speaker 13: le mayew a grand slam in the second, in the
Speaker 13: two run double in the sixth, the career eye six
Speaker 13: RBIs the Meyu drove in all six Here's Aaron Boone.
Speaker 14: Really excited for him. You know, obviously, guys respect No, No,
Speaker 14: he's grind and no, he's going through it. And you know,
Speaker 14: obviously hasn't got a lot of opportunities lately, and it
Speaker 14: was clearly the difference.
Speaker 13: Today Yanks five straight wins start a nine game homestand
Speaker 13: tomorrow is the Mets began a ten game road trip.
Speaker 13: They lost in City Field to the Twins eight to three.
Speaker 13: Red Sox pulled out a three to two ten in
Speaker 13: in win over Seattle. Nationals lost five four got swept
Speaker 13: at Arizona. Red Hot Padres made it nine of the
Speaker 13: last ten. They were roughed up Clayton Kershawby to Dodgers
Speaker 13: eight to one. Kansas City sent the White Sox to
Speaker 13: a seventeenth loss in a row. At the Olympics. Today,
Speaker 13: sim Owned Biles, we'll seek individual gold. US women's basketball
Speaker 13: team takes on Belgium. Tennis has American Tommy Paul trying
Speaker 13: to upset Carlos Alcarez in the quarterfinals. In the pool, yesterday,
Speaker 13: Katie the deck He won her eighth career gold medal,
Speaker 13: winning easily in her specialty. The fifteen hundred meters twelve
Speaker 13: career medals ties the US record. But the big story
Speaker 13: in swimming the French oh Marshawn. He already won a
Speaker 13: goal in the im he won the two hundred meters,
Speaker 13: Butterfly came back two hours later to capture the two
Speaker 13: hundred breaststroke. US hoops team at one O three to
Speaker 13: eighty six route of South Sudan. John Stashedwer Bloomberg Sports Kenna.
Speaker 4: Nathan Coast to Coast on Bloomberg Radio nationwide on Syrias
Speaker 4: XM and around the world on Bloomberg dot Com and
Speaker 4: the Bloomberg Business app. This is Bloomberg Daybreak. Good morning,
Speaker 4: I'm Nathan Hager.
Speaker 2: We are watching for the prospect of further tensions in
Speaker 2: the Middle East, with Israel now saying it has confirmed
Speaker 2: the death of Hamas's military chief Mohammed daf in a
Speaker 2: strike in Gaza that follows the strike this week that
Speaker 2: killed Hamas's political leader Ismail Hania in Tehran. Joining us
Speaker 2: from Tel Aviv once again this morning is Bloomberg News
Speaker 2: Israel Bureau chief Ethan Bronner. Ethan, good morning. What is
Speaker 2: the Israeli military saying specifically about the military commander's death?
Speaker 12: Hi, Nathan, So this is a hit that occurred actually
Speaker 12: more than two weeks ago, and at that time Israeli
Speaker 12: said they were pretty sure they got him. Hamas denied it.
Speaker 12: They said, he's fine. He's laughing as he listens to
Speaker 12: Prime Minister Nutaya, who claims to have killed him. Today
Speaker 12: simply based on their ability to do some kind of
Speaker 12: intelligence assessment to the Israeli military, As officially announced that
Speaker 12: diff was eliminated on the thirteenth. I think it was
Speaker 12: in July, so it's sort of coming on top of
Speaker 12: this other news, but it's not actually new. It's from
Speaker 12: two weeks ago.
Speaker 2: But still for two Israel to make that confirmation, I
Speaker 2: would think is a pretty significant development when you think
Speaker 2: about where the leadership structure stands with Hamas now the
Speaker 2: military chief, the second in command eliminated, the political chief,
Speaker 2: the top leader of Humas eliminated. Does this bring Israel
Speaker 2: closer to its goal of eliminating Hamas as an organization.
Speaker 12: I think it does, But I mean, I think this
Speaker 12: is the eternal question about these guerrilla organizations and about
Speaker 12: the policy of targeted assassinations and so on this. You know,
Speaker 12: there's a kind of eternal battle of theories that you
Speaker 12: just create more terrorists when you go after them in
Speaker 12: this way, or no, yes we can kill them, we
Speaker 12: can eliminate it. And it's very difficult for me to
Speaker 12: know where we're headed. There's no question that progress has
Speaker 12: been made and a lot of progress in dissembling the
Speaker 12: military structure of Hamas.
Speaker 13: You know, another.
Speaker 12: Argument that is being booted here is that this all
Speaker 12: of this action is a prelude to there being a
Speaker 12: ceasefire deal and Ntania who needs all of this kind
Speaker 12: of a chest beating in order to persuade the nation
Speaker 12: that it's okay to go ahead with the deal, to
Speaker 12: get some hostages out and to create a ceasefire. I
Speaker 12: notice if that's true. What I do know is that
Speaker 12: in the coming days we're going to get hit in
Speaker 12: this country from some combination of his belah Iran and
Speaker 12: the Hutis. It's almost inevitable.
Speaker 2: And with all that in the background, Ethan, we're continuing
Speaker 2: to hear this determination from the US side. A Secretary
Speaker 2: of State Blincoln on ceasefire talks progressing, tensions de escalating.
Speaker 2: I mean, what is the prospect for ceasefire talks when
Speaker 2: we have this disarray in Hamas leadership? I mean, who's
Speaker 2: going to be in the talks at this point?
Speaker 12: Well, to be fair, it has always been only one
Speaker 12: negotiator who mattered and me's Uas and war who's the
Speaker 12: overall leader of Hamas, who's in a tunnel somewhere under Gaza.
Speaker 12: It's a complicated process to negotiate because the messages and
Speaker 12: the communication have to go back and forth by hand.
Speaker 12: They don't do it electronically. There so I mean, to
Speaker 12: be honest, Honey played a role the man who was
Speaker 12: killed in Tehran yesterday, but he was essentrally doing the
Speaker 12: bidding of Sinoar. So someone else will do the bidding
Speaker 12: of Sinoar. That doesn't strike me as the problem. The
Speaker 12: problem is that I think that they're going to pull
Speaker 12: back from these talks, at least for a little while,
Speaker 12: in anger and humiliation for what has just happened, the
Speaker 12: killing of any in Tehran with a precision guided missile
Speaker 12: of some kind. So that's likely. But you know, what
Speaker 12: the US is doing is going around talking to everyone
Speaker 12: and saying, let's keep the waters calm, let's not let
Speaker 12: this devolve into a major regional war. And possibly what
Speaker 12: will happen is what happened in mid April after Israel
Speaker 12: killed Iranian generals in Damascus, and there was a specific
Speaker 12: attack by Iran on the Israeli territory. But it looked,
Speaker 12: and I don't want to go too far in this direction,
Speaker 12: that it had been kind of signaled all around that
Speaker 12: the it was relatively clear what was coming when, so
Speaker 12: that it could be it could make a symbolic gesture,
Speaker 12: but not great a war, and maybe that's what we'll
Speaker 12: see again. I don't know.
Speaker 2: This is Bloomberg day Break Today, your morning brief on
Speaker 2: the stories making news from Wall Street to Washington and beyond.
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