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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today.

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Speaker 1: The war between Israel and Hamas is now in its

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Speaker 1: fourth day, and the conflict may be entering a new phase. Overnight,

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Speaker 1: Israel pounded downtown Gaza City with more bombardments in The

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Speaker 1: Israeli military is now building a base next to the

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Speaker 1: Gaza Strip that can accommodate tens of thousands of soldiers.

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Speaker 1: Prime Minister Benjamin Netanyah, who says the response to Hamas

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Speaker 1: is just beginning.

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Speaker 3: Ayodasha Klan.

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Speaker 4: I know that we all want evening results. It will

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Speaker 4: take time, but I promise you, dear Israeli citizens, at

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Speaker 4: the end of this campaign, all of our enemies will

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Speaker 4: know that it was a great mistake to attack Israel.

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Speaker 4: What we will do to our enemies in the coming

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Speaker 4: days will reverberate with them for generations.

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Speaker 1: Prime Minister Natanyah, who spoke through an interpreter. Meanwhile, Hamas

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Speaker 1: is warning Israel not to attempt a ground invasion. Ali

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Speaker 1: Baraka is a senior official with Hamas.

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Speaker 4: Our allies are ready to join the fight if Gaza

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Speaker 4: is subjected to a war of annihilation. They will not

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Speaker 4: see with their hands tied. The government of Israel knows

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Speaker 4: they will open the gates of hell if they try

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Speaker 4: to destroy Gaza and to use non traditional weapons to

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Speaker 4: destroy Gaza, like American weapons.

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Speaker 1: Allie Baraka with Hamas also spoke through an interpreneur.

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Speaker 2: Well Nathan. The war has already claimed at least sixteen

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Speaker 2: hundred lives, but after Saturday's Hamas incursion, Israel is promising

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Speaker 2: a severe response. So we spoke with the country's Minister

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Speaker 2: of Strategic Affairs, Ron Durmer.

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Speaker 5: Israel will always remember that day, but all the terror

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Speaker 5: organizations around US are going to remember this period for

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Speaker 5: a very long time. And the critical miscalculation that Hamas

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Speaker 5: may thinking that it was going to be business as

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Speaker 5: usual in Israel.

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Speaker 6: Believe me, it is not.

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Speaker 5: The people are outraged and they have awoken not a

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Speaker 5: sleeping giant, but a sleeping Maccabee, and they're going to

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Speaker 5: see it in the days and weeks ahead.

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Speaker 2: Israeli Strategic Affairs Minister Ron Drmer did not say whether

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Speaker 2: there'll be a ground invasion, but many Israelis and Palestinians

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Speaker 2: expect one.

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Speaker 7: Well.

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Speaker 1: Meanwhile, Karen the Biden administration says the first shipments of

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Speaker 1: security aids Israel are already on the way. Bloomberg's Ed

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Speaker 1: Baxter has the story.

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Speaker 8: There had been some question about what the US could do,

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Speaker 8: but National Security Council spokesman John Kirby says it's important

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Speaker 8: that the aid go now and more will be on

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Speaker 8: the way soon. Meanwhile, Kirby on MSNBC says there is

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Speaker 8: no known direct link between Iran and Amass on the

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Speaker 8: initial attacks.

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Speaker 6: No, we do not.

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Speaker 7: We don't have any specific intelligence or evidence that points

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Speaker 7: to direct participation by Iran.

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Speaker 9: That said, of course, Iran has long supported Helmas and

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Speaker 9: other terrorist networks.

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Speaker 8: And the President is set to make an address later today.

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Speaker 8: Ed Baxter, Bloomberg Radio.

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Speaker 2: All right, Ed, thank you, and stick with Bloomberg for

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Speaker 2: full coverage to the president's re marx later this afternoon. Well,

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Speaker 2: this morning, we're learning more about how the White House

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Speaker 2: might package aid for Israel and Ukraine, and Bloomberg's Amy

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Speaker 2: Morris has details from Washington.

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Speaker 10: One group of lawmakers proposed the Biden administration pursue a

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Speaker 10: joint aid package linking Israel and Ukraine. The idea is

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Speaker 10: to capitalize on broad support for Israel to overcome Republican

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Speaker 10: opposition to funding for Ukraine, and sources tell Bloomberg they

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Speaker 10: raised that idea over the weekend, but White House officials

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Speaker 10: call that discussion premature because it isn't clear yet just

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Speaker 10: how much assistance Israel might need. The House of Representatives

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Speaker 10: needs to pass an Israel package quickly, but remains at

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Speaker 10: an impasse without a House speaker in place in Washington.

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Speaker 10: I'm a memo, as Bloomberg Radio, Okay.

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Speaker 1: Mee, thank you now. The coverage of the war, particularly

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Speaker 1: on social media, is getting a lot of scrutiny. Let's

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Speaker 1: get more on that from Bloomberg's Lisa Mateo.

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Speaker 11: Despite Elon Musk's acquisition and policy changes at ex Corp,

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Speaker 11: the social media platform formerly known as Twitter has been

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Speaker 11: flooded with misinformation about the Israel Hamas conflict. Many of

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Speaker 11: the posts repurposed old images of armed violence, passing them

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Speaker 11: off as new, and were pushed by anonymous accounts that

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Speaker 11: carried blue check marks under excess page aid subscription service.

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Speaker 11: Others even posted military footage from video games, and ex

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Speaker 11: Corp accounts stated that it is responding, but it's also

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Speaker 11: in the public's best interest to understand what's happening in

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Speaker 11: real time, and users should change their settings to control

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Speaker 11: what they see. Lisa Matteo, Bloomberg Radio.

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Speaker 2: Right, Lisa, thanks so. Former Treasury Secretary Larry Summers, who

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Speaker 2: was also once the president of Harvard, is blessing the

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Speaker 2: university on x. Summers, who was also a paid contributor

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Speaker 2: for Bloomberg Television, said he is quote sickened by the

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Speaker 2: institution's lack of response after some student groups blamed Israel

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Speaker 2: for Hamas's attack. After Summers post, Harvard released a statement

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Speaker 2: speaking of the quote death and destruction unleached by the

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Speaker 2: attack by Hamas that targeted citizens in Israel.

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Speaker 1: Well, jitters over the Israel Hamas were just one of

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Speaker 1: the reasons investors are piling into the safety of US treasuries.

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Speaker 1: They had their best day since the regional banking blow

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Speaker 1: up in March. The move may be more pronounced than

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Speaker 1: normal because the market was closed yesterday for the holiday.

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Speaker 2: And Nathan's speculation the Fed may be done with great

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Speaker 2: heights is also fueling a drop in treasury yields. This morning,

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Speaker 2: we get the latest of Bloomberg's John Tucker, John.

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Speaker 12: Dallas FED president Lourie Logan's's elevated yields could help take

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Speaker 12: some of the heat out of the economy.

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Speaker 1: The term premiums rise, they could do some of the

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Speaker 1: work of cooling the.

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Speaker 13: Economy for us, leaving less need for additional monetary policy

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Speaker 13: tightening to achieve the effumci's objectives.

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Speaker 12: And FED Vice Chair Philip Jefferson said he's watching the

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Speaker 12: increase in treasury yields as a potential further restraint on

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Speaker 12: the economy. In other words, the markets are doing the

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Speaker 12: Fed's work for it.

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Speaker 2: All right, John, Thanks, It's time now for a look

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Speaker 2: at some of the other stories making news around the world.

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Speaker 2: For that, we're joined by Bloombergs Amy Morris Amy.

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Speaker 10: Thank you, Karen House. Republicans peer divided on a new speaker.

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Speaker 10: Lawmakers held what was described as an emotional two hour

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Speaker 10: meeting last night over the party's leadership situation after Kevin

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Speaker 10: McCarthy was ousted last week. Ohio Congressman Jim Jordan and

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Speaker 10: Louisiana Steve Scalise are the two leading Republican Florida Congressman

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Speaker 10: Matt Gates spoke before the closed meeting to.

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Speaker 6: Great readers, and I think either of them will do

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Speaker 6: a great job for US.

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Speaker 10: More meetings are scheduled for this week, while a vote

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Speaker 10: to fill the House speakership could happen as early as tomorrow.

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Speaker 6: Robert F.

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Speaker 10: Kennedy Junior says he's letting go of the party of

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Speaker 10: his ancestors as he continues his race for the White House.

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Speaker 10: Bloomberg's Nancy Lyons explains.

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Speaker 14: Robert F. Kennedy Junior is declaring his independence from the

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Speaker 14: Democratic Party, announcing he'll run for president now as an independent.

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Speaker 14: He chose Philadelphia to make his announcement.

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Speaker 9: I've come here today to declare our independence from the

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Speaker 9: journey of corruption, which robs us of affordable lives, our

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Speaker 9: belief in the future, and our respect.

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Speaker 7: For each other.

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Speaker 14: Kennedy will now need to get his name on the

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Speaker 14: ballot in all fifty states, which is always a challenge

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Speaker 14: for independent candidates. I'm Nancy Lyons Bloomberg Radio.

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Speaker 10: And another political shake up as former Texas Congressman Will

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Speaker 10: Hurd says he's dropping out of the race for the

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Speaker 10: White House and endorsing Nikki Hailey, heard as an outspoken

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Speaker 10: critic of former President Trump, and is urging candidates to

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Speaker 10: rally around Hailey. An average of polls from five thirty

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Speaker 10: eight shows the former South Carolina governor making inroads after

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Speaker 10: her debate performances. Hailey is now in second place in

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Speaker 10: New Hampshire, three points ahead of Florida Governor Ron De Santis.

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Speaker 10: President Biden has been interviewed by the Special Council leading

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Speaker 10: an investigation into his handling of classified documents. In a statement,

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Speaker 10: the White House says the voluntary interview was conducted at

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Speaker 10: the White House Sunday and Monday, and it adds that

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Speaker 10: Biden and the White House are cooperating with the probe

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Speaker 10: and being transparent. Special Council and former Trump administration member

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Speaker 10: Robert Hurr was appointed earlier this year after classified materials

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Speaker 10: from Biden's time as Vice president were found at his

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Speaker 10: Delaware home and an old office in Washington, d C.

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Speaker 10: Global News twenty four hours a day, powered by more

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Speaker 10: than twenty seven hundred journalists and analysts in more than

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Speaker 10: one hundred twenty countries.

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Speaker 6: I'm Amy Morrison. This is bloomber Karen.

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Speaker 2: Right, Amy. Thank you. We bring you news throughout the

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Speaker 2: day here on Bloomberg Radio. But now you can get

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Speaker 2: the latest news on demand whenever you want it. Subscribe

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Speaker 2: to Bloomberg News Now. To get the latest headlines at

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Speaker 2: the click of a button. Get informed on your schedule.

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Speaker 2: You can listen and subscribe to Bloomberg News Now on

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Speaker 2: the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify,

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Speaker 2: and anywhere else you get your podcasts. It is time

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Speaker 2: now for the Bloomberg Sports Update. Here's John stash Hour

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Speaker 2: John Jarin.

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Speaker 15: The Atlanta Braves best team in baseball this season, best

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Speaker 15: offensive team, and yet they began this series with the

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Speaker 15: Phillies not scoring a single run for the first fourteen innings.

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Speaker 15: The Braves lost the opener and trail game two, four

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Speaker 15: to nothing in the sixth inning, and then mounted their

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Speaker 15: comeback at run of the sixth, two and the seventh

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Speaker 15: on a Travis Darnault home run, and then in the

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Speaker 15: eighth inning.

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Speaker 13: Everybody on their feet at Truest Park won you third,

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Speaker 13: You down bre and too, four to three, Phillies, bottom eight.

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Speaker 13: The pitch to Riley, swing a high fly ball left field,

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Speaker 13: that one back towards the wall.

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Speaker 6: That one is gone, Austin Riley.

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Speaker 13: It's a two run hover in the Graves half league.

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Speaker 6: ESPN had the call. They won the game, five to four.

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Speaker 15: The game ended with a bizarre double play a sensational

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Speaker 15: catch in center field by Michael Harrison.

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Speaker 6: The praise doubled up.

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Speaker 15: Bryce Harper at first, at first pase Arizona again beat

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Speaker 15: the Dodgers four to two. The Diamondbacks sixteen games behind

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Speaker 15: LA and the regular season, but up to nothing in

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Speaker 15: the series. Monday Night football in Las Vegas, the Raiders

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Speaker 15: had lost eight in a row to the Packers. They

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Speaker 15: beat Green Bay seventeen thirteen as they intercepted the young

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Speaker 15: Packer quarterback Jordan Love three times, including one in the

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Speaker 15: end zone in the final minute. Viking star wide receiver

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Speaker 15: Justin Jefferson has a hamstring injury.

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Speaker 6: The team says they won't rush him back.

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Speaker 15: Anthony Richardson, the rookie quarterback for the Colts, could miss

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Speaker 15: four to six week wo injury.

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Speaker 6: John Stanshower Bloomberg's boards.

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Speaker 3: From coast to coast, from New York to San Francisco,

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Speaker 3: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg

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Speaker 3: Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.

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Speaker 3: Good morning, I'm Nathan Hager.

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Speaker 1: We continue to monitor fast moving developments in the Israel

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Speaker 1: Hamas war, now into its fourth day. Overnight, Israel struck

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Speaker 1: downtown Gaza City with more bombardments, and the military is

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Speaker 1: now building a base near the Gaza Strip, raising questions

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Speaker 1: about whether Israel is preparing a ground assault against Hamas.

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Speaker 1: For the latest, we're joined now by Bloomberg's Israel Bureau

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Speaker 1: chief Ethan Browner. Ethan, again, it is good to have

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Speaker 1: you with us. Thanks for your time. Just get us

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Speaker 1: up to speed on the latest that's happened in the

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Speaker 1: last twenty four hours.

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Speaker 7: Sure thing, Nathan, I mean, you've just told us most

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Speaker 7: of what we know that's new. So in essence, we

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Speaker 7: have about three hundred thousand reservists and other soldiers Israeli

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Speaker 7: who've been rapidly moved to the south. Hundreds of them,

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Speaker 7: by the way, were picked up on airplanes in Europe

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Speaker 7: by the IDF, by the military and the Foreign Ministry

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Speaker 7: organizing flights to bring them home. For this, they are

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Speaker 7: preparing what we expect to be a massive assault. You're

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Speaker 7: right that they have not spelled out for us that

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Speaker 7: it's going to be a ground war, but it seems

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Speaker 7: inevitable that it will be be the first time in

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Speaker 7: almost ten years that Israel does that and beyond that,

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Speaker 7: the Americans are sending over a fair amount of military

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Speaker 7: help for this. The Israelis have said that their supplies

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Speaker 7: are stretched. I assume this involves the Patriot Missile anti

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Speaker 7: missile system that they have, as well as basic equipment

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Speaker 7: for soldiers and things for drones to watch and prepare

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Speaker 7: for hits from the air. So all of that is

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Speaker 7: what's going on. It's a very tense time. The military

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Speaker 7: has told Israelis that they should have seventy two hours

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Speaker 7: worth of food and drink in their home, preparing obviously

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Speaker 7: for some kind of a counter attack, possibly from Hamas,

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Speaker 7: but also possibly from the north from his Ballah. The

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Speaker 7: Hasbala is also also.

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Speaker 6: Helped by Iran.

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Speaker 7: Iran has denied that it was involved in the attack

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Speaker 7: from the south, but it is also warning Israel not

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Speaker 7: to be not to do terrible things in Gaza or

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Speaker 7: that it'll pay some consequences.

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Speaker 1: And those consequences, from what we're hearing, include a threat

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Speaker 1: from Hamas that hostages that are now being held in

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Speaker 1: the Gaza strip could be put in danger, could be killed.

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Speaker 1: This looks like this could escalate rather quickly, Ethan.

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Speaker 7: I think that it is going to escalate there's no

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Speaker 7: question about it. The main thing here is that the

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Speaker 7: hostage situation, of course, is very emotional for everybody, for

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Speaker 7: anybody who who pays attention. I have to tell you

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Speaker 7: that the way the Israeli military commanders are talking about it,

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Speaker 7: though they are fairly cold blooded about it, they are

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Speaker 7: not saying that the hostage situation is going to change

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Speaker 7: their plans. It makes it sound like the hostagees may

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Speaker 7: become victims of an attack. But it is true that

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Speaker 7: Hamas is saying, if you don't give warnings to civilian buildings,

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Speaker 7: that we are going to hit that. Each time you

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Speaker 7: don't give a warning, we'll kill a hostage. So far,

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Speaker 7: that hasn't happened in the hours since they issued that warning. Partly,

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Speaker 7: it seems that the Israelis have given warnings before going in.

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Speaker 1: If there were to be a ground invasion Ethan you

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Speaker 1: mentioned it hasn't happened since the twenty fourteen war between

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Speaker 1: Israel and Guza. Draw the parallels for us, What kind

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Speaker 1: of complications, what kind of difficulties could the Israeli military

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Speaker 1: face if it were to mount a ground invasion in

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Speaker 1: the Gaza strip.

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Speaker 7: Well, you know they're on someone else's territory that they

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Speaker 7: don't have a clear map of. The Hamas has been

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Speaker 7: very skilled at keeping things underground and making it hard

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Speaker 7: for the Israelis to survey them. I mean, all that

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Speaker 7: happened last Saturday was obviously planned outside of the site

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Speaker 7: and listening tools of the Israelis, so Hamas have become

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Speaker 7: quite skilled at that. It means that Israeli soldiers are

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Speaker 7: going to get killed.

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Speaker 2: It means that.

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Speaker 7: Civilians there are going to get killed. There'll be an

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Speaker 7: enormous amount of damage, There'll be more people taken hostage

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Speaker 7: and kidnapped. It will be really, really awful. The Israelis,

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Speaker 7: because of the massacre that occurred on Saturday, are taking,

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Speaker 7: as they said, a very hard headed approach to this

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Speaker 7: and saying that they feel the need to go in

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Speaker 7: with a kind of severity that they haven't ever before,

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Speaker 7: and that the mus leaders will never forget so that

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Speaker 7: they never again and we'll be able to carry out

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Speaker 7: such an attack. It's a little hard to know what

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Speaker 7: that means. The rhetoric is very very powerful. We'll have

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Speaker 7: to see what it means in reality.

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