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Speaker 1: Good morning, I'm Nathan.
Speaker 2: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 2: following today.
Speaker 1: Karen, the latest on the Israel Hamas war.
Speaker 4: Israel says it's struck back at an organization from Syria.
Speaker 4: The target at a school in the southern city of
Speaker 4: Ailat with a drone. Meanwhile, the White House is confirmed
Speaker 4: Israel's agreed to four hour daily humanitarian pauses in northern
Speaker 4: Gaza to allow civilians to flee, but Mark Regev, who
Speaker 4: advises Israel's Prime Minister, says it's not a ceasefire.
Speaker 5: We will continue this operation until we have destroyed Harmasa's
Speaker 5: military machine. The idea of a humanitarian pause is in
Speaker 5: a specific place, for a specific time, to help the
Speaker 5: civilian population who are not the target of our operation
Speaker 5: on the country. We want to see the move out
Speaker 5: of Hamsway.
Speaker 4: That was Benjamin Natanyahu advisor Mark Regev meantime. A short
Speaker 4: time ago, Palesidine Authority Radio reported that Israel's forces struck
Speaker 4: outpatient clinics of a medical complex in Gaza City. Israel's
Speaker 4: military says the main military headquarters of Hamas are located
Speaker 4: underground near that hospital, and had they told the hospital
Speaker 4: to evacuate patients.
Speaker 2: Well, Nathan, we turn now to news that still making
Speaker 2: waves in Washington. A Democrat, Joe Mansion of West Virginia,
Speaker 2: stepping away from Capitol Hill.
Speaker 6: I will not be running for re election to the
Speaker 6: United States Senate, but what I will be doing is
Speaker 6: traveling the country and speaking out to see if there
Speaker 6: is an interest in creating a movement to mobilize the
Speaker 6: middle and bring Americans together.
Speaker 2: Senator Manchin is an honorary original honorary co share of
Speaker 2: No Labels, the centrist group that's now working on a
Speaker 2: possible third party presidential campaign. Bloomberg's Wendy Benjamin Sin has
Speaker 2: more from Washington.
Speaker 7: If he does go for an independent or third party run,
Speaker 7: that's going to make it very, very difficult, because the
Speaker 7: people who feel that Biden may have gone too far
Speaker 7: to the left, or is too old, or all the
Speaker 7: other things are looking at this guy a true old
Speaker 7: soele conservative Democrat.
Speaker 2: Bloomberg's Wendy Benjamin Sin notes mansion still has eleven point
Speaker 2: three million dollars in a Senate reelection campaign that he
Speaker 2: could use in a presidential run.
Speaker 4: Well, politics has Washington's focus. Karen Summer, President Biden's cabinet
Speaker 4: have headed West Finance. Leaders of the US and China
Speaker 4: have begun talks setting the groundwork for the Biden she
Speaker 4: meeting next week at the Asia Pacific Economic Cooperation Summit.
Speaker 4: Bloomberg's Ed Baxter has the story from San Francisco.
Speaker 8: Treasury Secretary Janet Yellen meets again today here in San
Speaker 8: Francisco with Chinese Vice Premier Hu LaFong. She is saying
Speaker 8: the US has no design to break economic ties with China,
Speaker 8: but these two day meetings are aimed at making progress
Speaker 8: on a slew of economic issues before the heads of
Speaker 8: state sit down. China's main concerns in the supply chains
Speaker 8: in high tech, the US focusing on fair competition in tech,
Speaker 8: as well as freedoms and the issue of Taiwan. In
Speaker 8: San Francisco, I'm at Baxter Bloomberg Radio.
Speaker 2: All right, ed, thanks, So we turned to the markets now,
Speaker 2: and stocks are coming off their first drop in eight sessions.
Speaker 2: That declines came after FED Chair J Powell warrant interest
Speaker 2: rates may have to climb further.
Speaker 9: If it becomes appropriate to tighten policy further, we will
Speaker 9: not hesitate to do so. We will continue to move carefully, however,
Speaker 9: allowing us to address both the risk of being misled
Speaker 9: by a few good months of data and the risk
Speaker 9: of overtightening.
Speaker 2: On the same day Powell spoke, Richmond FED President Thomas
Speaker 2: Barkin said the US economy still has not felt the
Speaker 2: full effect of past interest rate increases.
Speaker 10: I think there's more lag to come from hikes. I'm
Speaker 10: not sure that you know that's everybody's view, but that's that's.
Speaker 3: Certainly my view.
Speaker 10: I also believe that there's inflation is going to take
Speaker 10: longer to settle than the more optimistic forecast that you
Speaker 10: might see.
Speaker 4: And the economy is also in focus in Europe. The
Speaker 4: UK economy flatlined in the third quarter, defying forecasts of
Speaker 4: a small contraction and ensuring a recession is avoided this year.
Speaker 4: GDP was unchanged from q two. Economists surveyed by Bloomberg
Speaker 4: forecast a tenth of one percent decline on average.
Speaker 3: Well.
Speaker 2: In other news this morning, Nathan the world's largest bank,
Speaker 2: has been hit by a cyber attack. The incident caused
Speaker 2: the US unit of the Industrial and Commercial Bank of
Speaker 2: China to reroot some treasury trades and may get more
Speaker 2: from Bloomberg's reshound Salamad in Hong Kong.
Speaker 11: The hack forced clients to reroot transactions. A large number
Speaker 11: of trades in US treasuries were prevented from being cleared.
Speaker 11: It left brokers and traders scrambling to US as the
Speaker 11: extent of the impact of the cyber attack. There are
Speaker 11: reports of liquidity being affected, and speculation continues to mount
Speaker 11: that the issues were a cattle for a very poor
Speaker 11: oaction of thirty year bonds. So to say, ICBC allerted
Speaker 11: clients that trading was being impacted. ICBC as seti hight
Speaker 11: cybersecurity for a mandant and has been offered assistance from
Speaker 11: the FBI in Hong Kong. I'm Rishard Salomit Bloomberg.
Speaker 1: Radio Oka, rish thank you staying in Asia. The final
Speaker 1: day of the Bloomberg New Economy Forum in Singapore has
Speaker 1: wrapped up.
Speaker 4: Climate change was a major focus. We caught up with
Speaker 4: US Special Presidential Envoy for Climate John Kerry.
Speaker 12: People are well aware of how critical the situation is.
Speaker 12: Mother Nature has been sending us massive messages in the
Speaker 12: last years. We know we have to reduce the emissions.
Speaker 12: We know that the costs of not doing so will
Speaker 12: be much greater than the cost of doing so.
Speaker 1: And Special Climate Envoy John Kerrey praise the Inflation Reduction
Speaker 1: Act for attracting green investment to help fight climate change.
Speaker 2: Well, Nathan, let's check out some stocks on the move
Speaker 2: this morning. Shares a Biagio down more than eleven percent,
Speaker 2: the maker of Johnny Walker and Smeirnov Vodka issuing a
Speaker 2: profit warning because of a steep slowdown in Latin America.
Speaker 2: Shares of Plug Power They're plunging down more than twenty
Speaker 2: nine percent in early trading. The company reported revenue well
Speaker 2: below estimates.
Speaker 4: S and P futures are little changed right now up
Speaker 4: a point. Futures up two tents of one percent, a
Speaker 4: gain of sixty points. In NASTAC futures are lower by
Speaker 4: two tenths of one percent. That's a decline of twenty
Speaker 4: seven points. Tenure Treasury is down three thirty seconds, for
Speaker 4: a yield of four point sixty three percent.
Speaker 1: This is Bloomberg.
Speaker 2: All 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 John Tucker. John, Good morning,
Speaker 2: Good morning, Karen.
Speaker 13: The FBI investigating potentially deadly attacks on election offices in
Speaker 13: five states, bombing some letters laced with fencanyl. The letters
Speaker 13: were sent to Nevada, California, at Georgia, Oregon, at Washington State.
Speaker 13: The Fulton County, Georgia Board of Commissioners chairman is Rob Pitts.
Speaker 14: Crazy people out there who will go to any extreme
Speaker 14: to disrupt, interrupt, fair, open, transparent elections in our country
Speaker 14: and specifically here in Fulton County.
Speaker 13: Officials are calling it domestic terrorism. They're only seven days
Speaker 13: until the government could face yet another shutdown. More in
Speaker 13: that story from Washington and Bloomberg.
Speaker 15: Steve Potis Congress needs to approve a budget that would
Speaker 15: keep the government funded through the rest of the year,
Speaker 15: but there are already some divisions among Republicans as to
Speaker 15: how that may happen. Democrats also say they wouldn't accept
Speaker 15: certain cuts to social programs, and the White House says
Speaker 15: that some of the bills Republicans are proposing would cut
Speaker 15: funds to law enforcement. White House Deputy Press Secretary Olivia
Speaker 15: Dalton says the time is running out and House Republicans
Speaker 15: should stop playing political games and follow the lead of
Speaker 15: the Senate by getting to work on bipartisan bills. Steve
Speaker 15: Potisk Bloomberg Radio.
Speaker 13: President Biden was in the Illinois Thursday congratulating union auto
Speaker 13: workers taking a victory lap after they won a new contract.
Speaker 13: The President reminding those workers he joined them on the
Speaker 13: picket line, and Donald Trump did not.
Speaker 16: I stood and other stood with his shoulder and shoulder
Speaker 16: on that picket line. My predecessor went to a non
Speaker 16: union shop and attacked. I hope you says, so. I
Speaker 16: hope you guys have a memory where I come from.
Speaker 17: It matters.
Speaker 13: Mister Biden was the first president in history to join
Speaker 13: workers on the picket line. The nation's first openly gay governor,
Speaker 13: looking to re enter politics nearly twenty years after he
Speaker 13: left former New Jersey Governor Jim McGreevy, announcing Thursday he'll
Speaker 13: seek the mayor's office in Jersey City in twenty twenty five.
Speaker 13: He announced in August two thousand and four he was
Speaker 13: a gay American and acknowledged having an extramarital affair with
Speaker 13: the male staffer he resigned that year. Global News twenty
Speaker 13: four hours a day and whenever you want it with
Speaker 13: Bloomberg News Now. I'm John Tucker, and this he is
Speaker 13: Bloomberg Karen.
Speaker 2: All right, John, thank you well. We bring you news
Speaker 2: throughout the day right here on Bloomberg Radio. But now
Speaker 2: as you can get the latest news on demand whenever
Speaker 2: you wanted, subscribe 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 Apples, Spotify, and anywhere else you get your podcasts.
Speaker 2: Time now for the Bloomberg Sports Update. Here's John Stash Hour,
Speaker 2: John Karen.
Speaker 17: The Thursday night game to kick off Week ten in
Speaker 17: the NFL. Not much of a game. Carolina Panthers have
Speaker 17: only won once all season. Chicago Bears came in having
Speaker 17: won only twice. Panthers got a seventy nine yard aquartment
Speaker 17: through the first quarter, but it is their only touchdown,
Speaker 17: and the Bears got one in the third quarter to
Speaker 17: take their first lead. Chicago won sixteen thirteen, and this
Speaker 17: helps the Bears get the first pick of the draft
Speaker 17: because they own Carolina's pick as a result of the
Speaker 17: trade of the two teams swung just before last year's
Speaker 17: draft when the Panthers moved up, and we're able to
Speaker 17: get the first overall pick and take quarterback Pryce Young
Speaker 17: NBA in Mexico City. Good one. We treated Atlanta and
Speaker 17: Orlando gray seabasket.
Speaker 1: Craig goes underde Ls at the corner.
Speaker 3: Dejante Let's.
Speaker 1: Take away just three Foma books take the lead ten.
Speaker 17: Twenty tenswoey tea that the final Hawks radio the Caltre
Speaker 17: Young forty one points in the victory. Gianna's Sun to
Speaker 17: the Cup reported in fifty four points but had two
Speaker 17: late turnovers, and Milwaukee blew a ten point fourth quarter
Speaker 17: lead and lost at Indiana one twenty six till one
Speaker 17: twenty four Celtics are home tonight to play in the
Speaker 17: Brooklyn Nets. The Wizards host Charlotte. The Warriors don't play
Speaker 17: until Saturday, when they take on Cleveland.
Speaker 13: Bruins.
Speaker 17: Hot Start continues the hat trick for Charlie Coyle in
Speaker 17: a five to two win over the New York Islanders.
Speaker 17: Rangers Hot Start with their tenth win. They beat Minnesota
Speaker 17: four to one. Connor Bdard, the young star for Chicago,
Speaker 17: two goals to assist his best game. Blackhawks beat Tampa
Speaker 17: Bay five to three. The player of the air at
Speaker 17: women's college basketball, Caitlin Clark forty four points in Iowa
Speaker 17: season openings win. John Stanshaware Bloomberg Sports, Karen all.
Speaker 2: Right, John, thank you well. Straight ahead on Bloomberg Daybreak,
Speaker 2: we're going to get the very latest out of Israel.
Speaker 2: We'll be speaking with the Bloombergs Kalite Allstein in Tel Aviv.
Speaker 2: And ahead of that conversation, SNP futures are little change down,
Speaker 2: futures up a tenth of up percent. NASDAK future is
Speaker 2: down two tenths of up percent. Ten year treasury down
Speaker 2: four thirty seconds, the yeal four point sixty four percent,
Speaker 2: and the yield on the two year is at five
Speaker 2: point two percent. Nimex screwed oil up eight tenths of
Speaker 2: up percent. And this is Bloomberg.
Speaker 18: From coast to coast, from New York to San Francisco,
Speaker 18: Boston to Washington, DC, nationwide on Syria's exam the Bloomberg
Speaker 18: Business app in Bloomberg dot Com.
Speaker 4: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We
Speaker 4: want to get you caught up now on the war
Speaker 4: in the Middle East. We've seen more strikes into Syria
Speaker 4: as Israel continues its advances on Hamas in Gaza, and
Speaker 4: Israel's military now says it has agreed to quick humanitarian
Speaker 4: windows to allow people to flee the fighting in northern Gaza.
Speaker 4: For the very latest, we are joined now from Tel
Speaker 4: Aviv by Bloomberg News Economy and Government reporter for Israel,
Speaker 4: Kalie alstein Ghalid.
Speaker 1: Thanks for being with us.
Speaker 4: As always, I want to start off with this latest
Speaker 4: report that we're hearing, I think from Palestine Authority Radio
Speaker 4: about Israeli strikes on an out patient clinic in Gaza City.
Speaker 13: What more do we know?
Speaker 3: All right? Hi, Good morning, Nathan, so on the ground
Speaker 3: in Gaza Israeli army, as we know, has been operating
Speaker 3: at the heart of Kaza City over the past several days,
Speaker 3: and now we have been hearing more and more reports
Speaker 3: from the Palestinian side that some of these Israeli forces
Speaker 3: are approaching hospitals. So, as you mentioned, we heard the
Speaker 3: report from the Palestinian Authority radio that says that dozens
Speaker 3: were killed and wounded from an Israeli strike on outpatient
Speaker 3: clinics at Al Shifa Medical Complex in Gaza City. And
Speaker 3: we also hear Hamas saying that there are Israeli tanks
Speaker 3: in the vicinity of three different hospitals in northern Gaza,
Speaker 3: and these are different hospitals, Alvan Tisci, Al Nassel and
Speaker 3: Al Ajun Hospital, and the director of one of these hospitals,
Speaker 3: the Children's Hospital, issues a comment saying we've been surrounded
Speaker 3: in the hospital since yesterday and IDF vehicles are stationed
Speaker 3: around the hospital. We cannot provide even the slightest medical services,
Speaker 3: so that's what this hospital director is saying. Now, all
Speaker 3: these statements have not yet been confirmed by the IDEF,
Speaker 3: but I think we can probably definitely not probably expect
Speaker 3: more to come on that.
Speaker 4: But the Israeli military has said made some comments about
Speaker 4: potential targets in that area. What is the Israeli military
Speaker 4: saying about that?
Speaker 3: So, the Israeli military has been saying for a while
Speaker 3: that Hamas command centers are positioned underground beneath some of
Speaker 3: these hospitals. They've mainly focused on Al Shifa Hospital, and
Speaker 3: they've also presented some evidence the idea that they said
Speaker 3: was back by the US and the UK intelligence agencies.
Speaker 3: They've shown evidence that command centers of Kama's opposition beneath
Speaker 3: Al Shifa Hospital, and they say this is not the
Speaker 3: only hospital where this is happening. So that is why
Speaker 3: we are getting these reports of army, Israeli army forces
Speaker 3: surrounding these hospitals probably and.
Speaker 4: This is coming after Israel's military confirmed US reports that
Speaker 4: there was an agreement on humanitarian windows in the fighting.
Speaker 1: What more do we.
Speaker 18: Know about that?
Speaker 2: Right?
Speaker 3: So, I think we're basically seeing a similar dynamic over
Speaker 3: the last couple of days with Israel providing humanitarian windows
Speaker 3: to allow people to flee in northern Gaza, and the
Speaker 3: IDF estimates that between fifty to one hundred thousand people
Speaker 3: have exited northern Gaza, over the last few days, with
Speaker 3: the total of almost some nine hundred thousand leaving the
Speaker 3: area since fighting began. And this is an area that
Speaker 3: usually occupies more than a million people, so that would
Speaker 3: mean that most people, according to the Ideas have left.
Speaker 3: At the same time as these people moved to the
Speaker 3: safe zones in the south of Gaza, we still see
Speaker 3: a modest number of eight trucks, that's how the UN
Speaker 3: describes it coming in from Egypt sixty five days. Trucks
Speaker 3: came in yesterday and the need is for at least
Speaker 3: one hundred trucks some day. That's what the UN said.
Speaker 3: And I think another interesting point to mention Nathan on
Speaker 3: what's coming and how long this fighting will take. We
Speaker 3: hear something on that from Israeli Prime Minister Benjaminitaniao who
Speaker 3: gives them an interview to Fox News tonight, and he says, well,
Speaker 3: it has taken a little longer than I had hoped,
Speaker 3: and he explained that this is taking longer on account
Speaker 3: of battle conditions on the ground and the safety of
Speaker 3: Ideas troops that Israel is obviously concerned with, and also
Speaker 3: getting out the hostages that they're in there. And he
Speaker 3: does admit that this is affecting the time that this
Speaker 3: operation is taking.
Speaker 1: And just quickly about last thirty seconds scale. Does this
Speaker 1: say anything these comments from Nats on Yahoo about the
Speaker 1: impact that diplomacy has had on the Israeli side, Well.
Speaker 3: You know, Nathaniel denies that that Israel's agreed to any
Speaker 3: kind of ceasefire, so that hasn't been agreed upon yet.
Speaker 3: He also talks about these humanitarian fathers and he does
Speaker 3: give us a hint on the very interesting question of
Speaker 3: what will happen in the day after, and this is
Speaker 3: also associated with diplomatic talks, and he says that we'll
Speaker 3: have to find a government, the civilian government that will
Speaker 3: be there, but in the foreseeable future, we will have
Speaker 3: to make sure that this doesn't happen again. He is
Speaker 3: referring to the ectoty seven attacks. So we have to
Speaker 3: have a credible force that, if necessary, will enter godt
Speaker 3: the killers. That's from what he calls you, Homas Wilson.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
Speaker 1: stories making news from Wall Street to Washington and beyond.
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Speaker 8: He