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 1: The war between Israel and Hamas is now in its
Speaker 1: fourth day, and the conflict may be entering a new phase. Overnight,
Speaker 1: Israel pounded downtown Gaza City with more bombardments in The
Speaker 1: Israeli military is now building a base next to the
Speaker 1: Gaza Strip that can accommodate tens of thousands of soldiers.
Speaker 1: Prime Minister Benjamin Netanyah, who says the response to Hamas
Speaker 1: is just beginning.
Speaker 3: Ayodasha Klan.
Speaker 4: I know that we all want evening results. It will
Speaker 4: take time, but I promise you, dear Israeli citizens, at
Speaker 4: the end of this campaign, all of our enemies will
Speaker 4: know that it was a great mistake to attack Israel.
Speaker 4: What we will do to our enemies in the coming
Speaker 4: days will reverberate with them for generations.
Speaker 1: Prime Minister Natanyah, who spoke through an interpreter. Meanwhile, Hamas
Speaker 1: is warning Israel not to attempt a ground invasion. Ali
Speaker 1: Baraka is a senior official with Hamas.
Speaker 4: Our allies are ready to join the fight if Gaza
Speaker 4: is subjected to a war of annihilation. They will not
Speaker 4: see with their hands tied. The government of Israel knows
Speaker 4: they will open the gates of hell if they try
Speaker 4: to destroy Gaza and to use non traditional weapons to
Speaker 4: destroy Gaza, like American weapons.
Speaker 1: Allie Baraka with Hamas also spoke through an interpreneur.
Speaker 2: Well Nathan. The war has already claimed at least sixteen
Speaker 2: hundred lives, but after Saturday's Hamas incursion, Israel is promising
Speaker 2: a severe response. So we spoke with the country's Minister
Speaker 2: of Strategic Affairs, Ron Durmer.
Speaker 5: Israel will always remember that day, but all the terror
Speaker 5: organizations around US are going to remember this period for
Speaker 5: a very long time. And the critical miscalculation that Hamas
Speaker 5: may thinking that it was going to be business as
Speaker 5: usual in Israel.
Speaker 6: Believe me, it is not.
Speaker 5: The people are outraged and they have awoken not a
Speaker 5: sleeping giant, but a sleeping Maccabee, and they're going to
Speaker 5: see it in the days and weeks ahead.
Speaker 2: Israeli Strategic Affairs Minister Ron Drmer did not say whether
Speaker 2: there'll be a ground invasion, but many Israelis and Palestinians
Speaker 2: expect one.
Speaker 7: Well.
Speaker 1: Meanwhile, Karen the Biden administration says the first shipments of
Speaker 1: security aids Israel are already on the way. Bloomberg's Ed
Speaker 1: Baxter has the story.
Speaker 8: There had been some question about what the US could do,
Speaker 8: but National Security Council spokesman John Kirby says it's important
Speaker 8: that the aid go now and more will be on
Speaker 8: the way soon. Meanwhile, Kirby on MSNBC says there is
Speaker 8: no known direct link between Iran and Amass on the
Speaker 8: initial attacks.
Speaker 6: No, we do not.
Speaker 7: We don't have any specific intelligence or evidence that points
Speaker 7: to direct participation by Iran.
Speaker 9: That said, of course, Iran has long supported Helmas and
Speaker 9: other terrorist networks.
Speaker 8: And the President is set to make an address later today.
Speaker 8: Ed Baxter, Bloomberg Radio.
Speaker 2: All right, Ed, thank you, and stick with Bloomberg for
Speaker 2: full coverage to the president's re marx later this afternoon. Well,
Speaker 2: this morning, we're learning more about how the White House
Speaker 2: might package aid for Israel and Ukraine, and Bloomberg's Amy
Speaker 2: Morris has details from Washington.
Speaker 10: One group of lawmakers proposed the Biden administration pursue a
Speaker 10: joint aid package linking Israel and Ukraine. The idea is
Speaker 10: to capitalize on broad support for Israel to overcome Republican
Speaker 10: opposition to funding for Ukraine, and sources tell Bloomberg they
Speaker 10: raised that idea over the weekend, but White House officials
Speaker 10: call that discussion premature because it isn't clear yet just
Speaker 10: how much assistance Israel might need. The House of Representatives
Speaker 10: needs to pass an Israel package quickly, but remains at
Speaker 10: an impasse without a House speaker in place in Washington.
Speaker 10: I'm a memo, as Bloomberg Radio, Okay.
Speaker 1: Mee, thank you now. The coverage of the war, particularly
Speaker 1: on social media, is getting a lot of scrutiny. Let's
Speaker 1: get more on that from Bloomberg's Lisa Mateo.
Speaker 11: Despite Elon Musk's acquisition and policy changes at ex Corp,
Speaker 11: the social media platform formerly known as Twitter has been
Speaker 11: flooded with misinformation about the Israel Hamas conflict. Many of
Speaker 11: the posts repurposed old images of armed violence, passing them
Speaker 11: off as new, and were pushed by anonymous accounts that
Speaker 11: carried blue check marks under excess page aid subscription service.
Speaker 11: Others even posted military footage from video games, and ex
Speaker 11: Corp accounts stated that it is responding, but it's also
Speaker 11: in the public's best interest to understand what's happening in
Speaker 11: real time, and users should change their settings to control
Speaker 11: what they see. Lisa Matteo, Bloomberg Radio.
Speaker 2: Right, Lisa, thanks so. Former Treasury Secretary Larry Summers, who
Speaker 2: was also once the president of Harvard, is blessing the
Speaker 2: university on x. Summers, who was also a paid contributor
Speaker 2: for Bloomberg Television, said he is quote sickened by the
Speaker 2: institution's lack of response after some student groups blamed Israel
Speaker 2: for Hamas's attack. After Summers post, Harvard released a statement
Speaker 2: speaking of the quote death and destruction unleached by the
Speaker 2: attack by Hamas that targeted citizens in Israel.
Speaker 1: Well, jitters over the Israel Hamas were just one of
Speaker 1: the reasons investors are piling into the safety of US treasuries.
Speaker 1: They had their best day since the regional banking blow
Speaker 1: up in March. The move may be more pronounced than
Speaker 1: normal because the market was closed yesterday for the holiday.
Speaker 2: And Nathan's speculation the Fed may be done with great
Speaker 2: heights is also fueling a drop in treasury yields. This morning,
Speaker 2: we get the latest of Bloomberg's John Tucker, John.
Speaker 12: Dallas FED president Lourie Logan's's elevated yields could help take
Speaker 12: some of the heat out of the economy.
Speaker 1: The term premiums rise, they could do some of the
Speaker 1: work of cooling the.
Speaker 13: Economy for us, leaving less need for additional monetary policy
Speaker 13: tightening to achieve the effumci's objectives.
Speaker 12: And FED Vice Chair Philip Jefferson said he's watching the
Speaker 12: increase in treasury yields as a potential further restraint on
Speaker 12: the economy. In other words, the markets are doing the
Speaker 12: Fed's work for it.
Speaker 2: All right, John, Thanks, It's time now for a look
Speaker 2: at some of the other stories making news around the world.
Speaker 2: For that, we're joined by Bloombergs Amy Morris Amy.
Speaker 10: Thank you, Karen House. Republicans peer divided on a new speaker.
Speaker 10: Lawmakers held what was described as an emotional two hour
Speaker 10: meeting last night over the party's leadership situation after Kevin
Speaker 10: McCarthy was ousted last week. Ohio Congressman Jim Jordan and
Speaker 10: Louisiana Steve Scalise are the two leading Republican Florida Congressman
Speaker 10: Matt Gates spoke before the closed meeting to.
Speaker 6: Great readers, and I think either of them will do
Speaker 6: a great job for US.
Speaker 10: More meetings are scheduled for this week, while a vote
Speaker 10: to fill the House speakership could happen as early as tomorrow.
Speaker 6: Robert F.
Speaker 10: Kennedy Junior says he's letting go of the party of
Speaker 10: his ancestors as he continues his race for the White House.
Speaker 10: Bloomberg's Nancy Lyons explains.
Speaker 14: Robert F. Kennedy Junior is declaring his independence from the
Speaker 14: Democratic Party, announcing he'll run for president now as an independent.
Speaker 14: He chose Philadelphia to make his announcement.
Speaker 9: I've come here today to declare our independence from the
Speaker 9: journey of corruption, which robs us of affordable lives, our
Speaker 9: belief in the future, and our respect.
Speaker 7: For each other.
Speaker 14: Kennedy will now need to get his name on the
Speaker 14: ballot in all fifty states, which is always a challenge
Speaker 14: for independent candidates. I'm Nancy Lyons Bloomberg Radio.
Speaker 10: And another political shake up as former Texas Congressman Will
Speaker 10: Hurd says he's dropping out of the race for the
Speaker 10: White House and endorsing Nikki Hailey, heard as an outspoken
Speaker 10: critic of former President Trump, and is urging candidates to
Speaker 10: rally around Hailey. An average of polls from five thirty
Speaker 10: eight shows the former South Carolina governor making inroads after
Speaker 10: her debate performances. Hailey is now in second place in
Speaker 10: New Hampshire, three points ahead of Florida Governor Ron De Santis.
Speaker 10: President Biden has been interviewed by the Special Council leading
Speaker 10: an investigation into his handling of classified documents. In a statement,
Speaker 10: the White House says the voluntary interview was conducted at
Speaker 10: the White House Sunday and Monday, and it adds that
Speaker 10: Biden and the White House are cooperating with the probe
Speaker 10: and being transparent. Special Council and former Trump administration member
Speaker 10: Robert Hurr was appointed earlier this year after classified materials
Speaker 10: from Biden's time as Vice president were found at his
Speaker 10: Delaware home and an old office in Washington, d C.
Speaker 10: Global News twenty four hours a day, powered by more
Speaker 10: than twenty seven hundred journalists and analysts in more than
Speaker 10: one hundred twenty countries.
Speaker 6: I'm Amy Morrison. This is bloomber Karen.
Speaker 2: Right, Amy. Thank you. We bring you news throughout the
Speaker 2: day here on Bloomberg Radio. But now you can get
Speaker 2: the latest news on demand whenever you want it. Subscribe
Speaker 2: to Bloomberg News Now. To get the latest headlines at
Speaker 2: the click of a button. Get informed on your schedule.
Speaker 2: You can listen and subscribe to Bloomberg News Now on
Speaker 2: the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. It is time
Speaker 2: now for the Bloomberg Sports Update. Here's John stash Hour
Speaker 2: John Jarin.
Speaker 15: The Atlanta Braves best team in baseball this season, best
Speaker 15: offensive team, and yet they began this series with the
Speaker 15: Phillies not scoring a single run for the first fourteen innings.
Speaker 15: The Braves lost the opener and trail game two, four
Speaker 15: to nothing in the sixth inning, and then mounted their
Speaker 15: comeback at run of the sixth, two and the seventh
Speaker 15: on a Travis Darnault home run, and then in the
Speaker 15: eighth inning.
Speaker 13: Everybody on their feet at Truest Park won you third,
Speaker 13: You down bre and too, four to three, Phillies, bottom eight.
Speaker 13: The pitch to Riley, swing a high fly ball left field,
Speaker 13: that one back towards the wall.
Speaker 6: That one is gone, Austin Riley.
Speaker 13: It's a two run hover in the Graves half league.
Speaker 6: ESPN had the call. They won the game, five to four.
Speaker 15: The game ended with a bizarre double play a sensational
Speaker 15: catch in center field by Michael Harrison.
Speaker 6: The praise doubled up.
Speaker 15: Bryce Harper at first, at first pase Arizona again beat
Speaker 15: the Dodgers four to two. The Diamondbacks sixteen games behind
Speaker 15: LA and the regular season, but up to nothing in
Speaker 15: the series. Monday Night football in Las Vegas, the Raiders
Speaker 15: had lost eight in a row to the Packers. They
Speaker 15: beat Green Bay seventeen thirteen as they intercepted the young
Speaker 15: Packer quarterback Jordan Love three times, including one in the
Speaker 15: end zone in the final minute. Viking star wide receiver
Speaker 15: Justin Jefferson has a hamstring injury.
Speaker 6: The team says they won't rush him back.
Speaker 15: Anthony Richardson, the rookie quarterback for the Colts, could miss
Speaker 15: four to six week wo injury.
Speaker 6: John Stanshower Bloomberg's boards.
Speaker 3: From coast to coast, from New York to San Francisco,
Speaker 3: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg
Speaker 3: Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 3: Good morning, I'm Nathan Hager.
Speaker 1: We continue to monitor fast moving developments in the Israel
Speaker 1: Hamas war, now into its fourth day. Overnight, Israel struck
Speaker 1: downtown Gaza City with more bombardments, and the military is
Speaker 1: now building a base near the Gaza Strip, raising questions
Speaker 1: about whether Israel is preparing a ground assault against Hamas.
Speaker 1: For the latest, we're joined now by Bloomberg's Israel Bureau
Speaker 1: chief Ethan Browner. Ethan, again, it is good to have
Speaker 1: you with us. Thanks for your time. Just get us
Speaker 1: up to speed on the latest that's happened in the
Speaker 1: last twenty four hours.
Speaker 7: Sure thing, Nathan, I mean, you've just told us most
Speaker 7: of what we know that's new. So in essence, we
Speaker 7: have about three hundred thousand reservists and other soldiers Israeli
Speaker 7: who've been rapidly moved to the south. Hundreds of them,
Speaker 7: by the way, were picked up on airplanes in Europe
Speaker 7: by the IDF, by the military and the Foreign Ministry
Speaker 7: organizing flights to bring them home. For this, they are
Speaker 7: preparing what we expect to be a massive assault. You're
Speaker 7: right that they have not spelled out for us that
Speaker 7: it's going to be a ground war, but it seems
Speaker 7: inevitable that it will be be the first time in
Speaker 7: almost ten years that Israel does that and beyond that,
Speaker 7: the Americans are sending over a fair amount of military
Speaker 7: help for this. The Israelis have said that their supplies
Speaker 7: are stretched. I assume this involves the Patriot Missile anti
Speaker 7: missile system that they have, as well as basic equipment
Speaker 7: for soldiers and things for drones to watch and prepare
Speaker 7: for hits from the air. So all of that is
Speaker 7: what's going on. It's a very tense time. The military
Speaker 7: has told Israelis that they should have seventy two hours
Speaker 7: worth of food and drink in their home, preparing obviously
Speaker 7: for some kind of a counter attack, possibly from Hamas,
Speaker 7: but also possibly from the north from his Ballah. The
Speaker 7: Hasbala is also also.
Speaker 6: Helped by Iran.
Speaker 7: Iran has denied that it was involved in the attack
Speaker 7: from the south, but it is also warning Israel not
Speaker 7: to be not to do terrible things in Gaza or
Speaker 7: that it'll pay some consequences.
Speaker 1: And those consequences, from what we're hearing, include a threat
Speaker 1: from Hamas that hostages that are now being held in
Speaker 1: the Gaza strip could be put in danger, could be killed.
Speaker 1: This looks like this could escalate rather quickly, Ethan.
Speaker 7: I think that it is going to escalate there's no
Speaker 7: question about it. The main thing here is that the
Speaker 7: hostage situation, of course, is very emotional for everybody, for
Speaker 7: anybody who who pays attention. I have to tell you
Speaker 7: that the way the Israeli military commanders are talking about it,
Speaker 7: though they are fairly cold blooded about it, they are
Speaker 7: not saying that the hostage situation is going to change
Speaker 7: their plans. It makes it sound like the hostagees may
Speaker 7: become victims of an attack. But it is true that
Speaker 7: Hamas is saying, if you don't give warnings to civilian buildings,
Speaker 7: that we are going to hit that. Each time you
Speaker 7: don't give a warning, we'll kill a hostage. So far,
Speaker 7: that hasn't happened in the hours since they issued that warning. Partly,
Speaker 7: it seems that the Israelis have given warnings before going in.
Speaker 1: If there were to be a ground invasion Ethan you
Speaker 1: mentioned it hasn't happened since the twenty fourteen war between
Speaker 1: Israel and Guza. Draw the parallels for us, What kind
Speaker 1: of complications, what kind of difficulties could the Israeli military
Speaker 1: face if it were to mount a ground invasion in
Speaker 1: the Gaza strip.
Speaker 7: Well, you know they're on someone else's territory that they
Speaker 7: don't have a clear map of. The Hamas has been
Speaker 7: very skilled at keeping things underground and making it hard
Speaker 7: for the Israelis to survey them. I mean, all that
Speaker 7: happened last Saturday was obviously planned outside of the site
Speaker 7: and listening tools of the Israelis, so Hamas have become
Speaker 7: quite skilled at that. It means that Israeli soldiers are
Speaker 7: going to get killed.
Speaker 2: It means that.
Speaker 7: Civilians there are going to get killed. There'll be an
Speaker 7: enormous amount of damage, There'll be more people taken hostage
Speaker 7: and kidnapped. It will be really, really awful. The Israelis,
Speaker 7: because of the massacre that occurred on Saturday, are taking,
Speaker 7: as they said, a very hard headed approach to this
Speaker 7: and saying that they feel the need to go in
Speaker 7: with a kind of severity that they haven't ever before,
Speaker 7: and that the mus leaders will never forget so that
Speaker 7: they never again and we'll be able to carry out
Speaker 7: such an attack. It's a little hard to know what
Speaker 7: that means. The rhetoric is very very powerful. We'll have
Speaker 7: to see what it means in reality.
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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