Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: Karen, we begin in the Middle East, where intense fighting
Speaker 2: continues between Israel and Hezbolah. Israel is carrying out a
Speaker 2: third day of air strikes in southern Lebanon and the
Speaker 2: northeastern Bikaw Valley. Now, for the first time, Israel says
Speaker 2: it has intercepted a Hezbola missile aimed at Tel Aviv.
Speaker 2: Bloomberg's Dan Williams has more from Jerusalem.
Speaker 3: This will certainly be viewed by Israel potentially as the
Speaker 3: red line that could draw further escalation, potentially intensified Israeli
Speaker 3: attacks in or around Beirut itself. What we know for
Speaker 3: now it was a surface to surface missile that was
Speaker 3: intercepted in Israel. But Israel has a very sophisticated early
Speaker 3: alert system which set off sirens in Tel Aviv and
Speaker 3: a city north of Tel Aviv, indicating that was the
Speaker 3: intended target.
Speaker 2: And for now bloom for ex Dan Williams reports Israel's
Speaker 2: focused on pushing Hesbala fighters away from the border, so
Speaker 2: tens of thousands of Israelis can return to their homes. Still,
Speaker 2: Israeli officials say they are prepared to move soldiers into
Speaker 2: Lebanon if they think it's necessary.
Speaker 1: Well, Nathan, the geopolitical tensions around the world. They are
Speaker 1: a major theme as the meeting of world leaders resumes
Speaker 1: at the UN General Assembly in New York, and we
Speaker 1: get more from Bloomberg's David Gura.
Speaker 4: This week, some two hundred world leaders will speak at
Speaker 4: the United Nations headquarters in New York, including Ukraine's President
Speaker 4: Vladimir Lensky, the scheduled to address the UN today. Zelenski
Speaker 4: will then travel to Washington for meetings with President Biden
Speaker 4: and Vice President Harris on Thursday, and his remarks, Biden
Speaker 4: called for more cooperation among nations and acknowledged the challenges
Speaker 4: as he put it, in Ukraine and the Middle East.
Speaker 4: Israel's Prime Minister Benjamin Netanyahu is expected to address the
Speaker 4: UN on Friday, although he postponed his trip after the
Speaker 4: start of Israel's new military campaign against Hesbola in Lebanon.
Speaker 4: In New York, David Gura Bloomberg Radio David thanks now
Speaker 4: to the latest on the presidential race. The Trump campaign
Speaker 4: says it has been briefed on quote real and specific
Speaker 4: threats by Iran to assassinate the former president. A campaign
Speaker 4: spokesman says a representative from the Director of National Intelligence
Speaker 4: told Trump about the plot. The former president didn't mention
Speaker 4: it in his latest campaign stump speech. He's talking about
Speaker 4: cutting corporate taxes and threatening tariffs to bring foreign companies
Speaker 4: and their jobs to the US.
Speaker 5: We want American citizens, and we want their plants built here,
Speaker 5: not two feet over the border and selling them into
Speaker 5: our country.
Speaker 6: We're not doing that.
Speaker 2: Former President Trump spoke there in Savannah, Georgia yesterday. Now,
Speaker 2: there's no indication that Iran's efforts are linked to the
Speaker 2: two recent attempts on the former president's life. Ryan Ruth,
Speaker 2: the suspect in this month's incident at Trump's Florida golf course,
Speaker 2: was charged yesterday with attempted assassination of a major presidential candidate.
Speaker 1: Meanwhile, Nathan Trump's opponent, Kamala Harris, will be in Pittsburgh today.
Speaker 1: During his speech, she will outline her economic vision and
Speaker 1: new initiatives to bolster domestic manufacturing services. Say Harris's address
Speaker 1: will emphasize her willingness to work with business leaders to
Speaker 1: grow the overall economy while also stressing the importance of
Speaker 1: protecting workers' wages and benefits.
Speaker 2: Meanwhile, Karen back in Washington, House members plan to pass
Speaker 2: a stopgap funding bill today, avoiding an October first government shutdown.
Speaker 2: Bloomberg's Amy Morris has the latest from the nation's capital.
Speaker 7: Lawmakers say they'll pass the measure even if they need
Speaker 7: a two third super majority to do it, because the
Speaker 7: House skipped a procedural step in this process on Monday.
Speaker 7: The vote will require two thirds of the House to
Speaker 7: support it, and they do expect it to pass. It
Speaker 7: is bipartisan, but there's still time for complaints from hardline conservatives,
Speaker 7: and that could complicate Speaker Mike Johnson's path to a
Speaker 7: full compromise funding bill in the lame duck session. Now,
Speaker 7: with a House vote today, they're aiming for speedy Senate
Speaker 7: approval by next week, and the continuing resolution funds the
Speaker 7: government through December twentieth, so that means another spending showdown
Speaker 7: just days before Christmas. In Washington, Amy Morris Bloomberg Radio, All.
Speaker 1: Right, Amy, thanks, We'll be turned to the markets now
Speaker 1: and stalks begin a day in record territory. In fact,
Speaker 1: the S and P five hundred registered its forty first
Speaker 1: record close of the year yesterday. In company news this morning,
Speaker 1: Berkshire Hathaway owns fewer shares of Bank of America, and
Speaker 1: we get more on that from Bloomberg's Doug Prisner.
Speaker 8: Berkshire Hathaway sold an additional eight hundred and sixty three
Speaker 8: million dollars worth of BNA stock on Tuesday. It brings
Speaker 8: Berkshire stay closer to a ten percent regulatory threshold. After
Speaker 8: selling BNA shares over the three trading days through Tuesday,
Speaker 8: Berkshire now owns ten and a half percent of the
Speaker 8: second largest US bank, and as long as Berkshire remains
Speaker 8: above that ten percent threshold, it must disclosed trades within
Speaker 8: a few days. Berkshire's remaining stake in Bank of America
Speaker 8: is now worth thirty two point one billion dollars based
Speaker 8: on Tuesday's closing price, preserving its position as the largest
Speaker 8: shareholder in New York. I'm Doug Prisoner Bloomberg Radio, Doug.
Speaker 9: Thank you.
Speaker 2: Boeing has heard back from its ranking workers about its
Speaker 2: latest offer. In Bloomberg's John Tucker's following this story, John
Speaker 2: sounds like. The answer was a resounding no.
Speaker 10: Yeah, Nathan. The Machinist and Aerospace Workers Union instead of
Speaker 10: survey of members was overwhelmingly clear they're not interested, calling
Speaker 10: it inadequate and even disrespectful. The company infuriated the union
Speaker 10: by and trying to do an end run and take
Speaker 10: an offer of a thirty percent payhike directly to the workers. Well,
Speaker 10: Boeing is trying to ratchet down the tension just a little.
Speaker 10: They backed off of Friday night deadline for workers to
Speaker 10: approve a new pact. A Boeing, meantime, has a new headache.
Speaker 10: A congressional panel investigating Boeing safety culture has released an
Speaker 10: internal company survey that found many factory workers felt pressure
Speaker 10: to prioritize speed over quality, even months after that midair
Speaker 10: blowout on one of the company's jets in New York
Speaker 10: homes John Tucker, Bloomberg.
Speaker 1: Radio, All right, John, thank you well. In legal news,
Speaker 1: Caroline Ellison has been sentenced to twenty four months in
Speaker 1: prison for her role in the FTX collapse, helping prosecutors
Speaker 1: in the conviction of Sam Bankman, freed her former boss
Speaker 1: and boyfriend. Bloomberg Radio law host JOm Grosso has more
Speaker 1: on the sentencing.
Speaker 11: Now, Sam bekman Free got twenty five years, so compared
Speaker 11: to that she only got two years, it seems I
Speaker 11: would consider it pretty lenient, although there was a possibility
Speaker 11: that she would get no time.
Speaker 1: Bloomberg's Judne Grosso says, like bankmin freed, Ellison was ordered
Speaker 1: to forfeit eleven billion dollars as proceeds of the crime, Karen.
Speaker 2: The US officials are investigating whether German software developer SAP,
Speaker 2: product reseller Carosoft Technology, and other companies conspired to overcharge
Speaker 2: government agencies for the course of a decade. According to
Speaker 2: federal court records, Justice Department lawyers have been looking at
Speaker 2: whether SAP illegally conspired with Kearrosoft to fix prices on
Speaker 2: sales to the US military and other parts of the government.
Speaker 2: SAP makes accounting, human resources, supply chain and other business
Speaker 2: software used around the globe. Shares are down four percent overseas.
Speaker 1: Beys time now for a look at some of the
Speaker 1: other stories making news in New York and around the world,
Speaker 1: and for that we're joined by Bloomberg's Michael Barr.
Speaker 6: Michael, good morning, Good morning, Karen. Tropical Storm Alene strengthens
Speaker 6: as hurricane mornings cover parts of Florida and Mexico. Bloomberg
Speaker 6: mediarologist Rob Carolyn as.
Speaker 12: The latest Helene continues to strengthen in the northwestern Caribbean,
Speaker 12: and it's going to pass very close to the Yucatan
Speaker 12: this morning, and then as it works between it's the
Speaker 12: eastern Gulf of Mexico, will become a rather strong hurricane
Speaker 12: and a large hurricane. We think it's going to be
Speaker 12: making landfall somewhere in the Big Bend area of Florida
Speaker 12: Thursday as a storm with winds of over one hundred
Speaker 12: miles an hour and a very significant storm surge. Since
Speaker 12: it'll have such a large circulation, its impact that we
Speaker 12: felt over much of the Florida Pillian It's like even
Speaker 12: the Florida Panhandle, and then up into the southeastern United
Speaker 12: States where we could see quite a bit of flooding tomorrow.
Speaker 12: I'm Rob Carolyn, Bloomberg Radio.
Speaker 6: Rob. Thank you very much. Helen comes after tropical storm
Speaker 6: John slam Mexico's Pacific coast late Monday, leaving two pa dead.
Speaker 6: A twelfth lawsuit has been filed against Sean Diddy Combs
Speaker 6: by a woman claiming he raped her in New York
Speaker 6: decades ago. With Combs in jail in New York facing
Speaker 6: criminal charges, Dally of Graves is now suing him. She
Speaker 6: says when she was twenty five years old, she was
Speaker 6: summoned to a meeting with Combs. She alleges that he
Speaker 6: raped her after she was slammed face down on a
Speaker 6: pool table by another man.
Speaker 1: He so has had last new fix on my body,
Speaker 1: causing ongoing.
Speaker 6: Problems, Graves claims. Over twenty years later, Combs as a
Speaker 6: video he has shown other people of her assault. President
Speaker 6: Joe Biden delivered remarks on climate at the Bloomberg Global
Speaker 6: Business Forum in New York City. Biden says America is
Speaker 6: positioned to lead other countries on climate change and criticized
Speaker 6: Donald Trump on this issue.
Speaker 13: All this historic climate changes in stark contrast my predecess.
Speaker 13: He says, he'd be repealed the Inflation Reduction Act. He
Speaker 13: let our factory shut down. He moved the world backwards.
Speaker 13: His denial of climate change condemns our future generations to
Speaker 13: a more dangerous world.
Speaker 6: President Biden also says the US is making major progress
Speaker 6: in bringing back technology manufacturing from China. Finally, a black
Speaker 6: combat medic who treated two hundred troops during the invasion
Speaker 6: of Normandy during World War Two. Is being honored with
Speaker 6: the Army's second highest award. The family of Waverley Woodson
Speaker 6: Junior gathered yesterday in Washington. See Woodson's ninety five year
Speaker 6: old Woodhull received the Distinguished Service Cross. He was awarded
Speaker 6: posthumously for his heroism. Global News twenty four hours a
Speaker 6: day and whenever you want it with Bloomberg News Now.
Speaker 6: Michael Barrn, This is Bloomberg Karen.
Speaker 1: All right, Michael, thank you. Time now for the Bloomberg
Speaker 1: Sportes Update with John Stanshaur.
Speaker 9: John, good morning, Good morning, Karen. The Yankees were hoping
Speaker 9: to clinch the division. The Mets we're looking to take
Speaker 9: a big step towards a playoff spot. Neither happened at
Speaker 9: the stadium. Baltimore hit three home runs it despite Aaron judge.
Speaker 9: It is fifty six of the season. Orioles won five
Speaker 9: to three. Yanks were hit by a base running blundered
Speaker 9: by Glabor Torres seventh. I think they were down a run.
Speaker 9: Torres tried to score from third and never got closed
Speaker 9: another chance to clinch Tonight, Euston clinch the Al West
Speaker 9: Astros were at one point ten games out. Mets did
Speaker 9: at Lanta, lost five to one Mark Biento's homeward, but
Speaker 9: the Mets had only three other hits. As Spencer Schelling
Speaker 9: back beat Luis seven Reno. Brandon Nemo looks ahead to
Speaker 9: game two tonight.
Speaker 14: You know, in a regular season, you know that games
Speaker 14: like this are going to happen, and sometimes there's gonna
Speaker 14: be days like this. So I think tomorrow you start fresh,
Speaker 14: and that's the thing is you try to have short
Speaker 14: term memory come into the next day. That's what we
Speaker 14: did inst Philadelphia too. We were just trying to win
Speaker 14: one game at a time, and so tomorrow we try
Speaker 14: and win. We try and go one to zero, and
Speaker 14: we bring, you know, we bring the energy and try
Speaker 14: and get things, you know, kind of rolling our way.
Speaker 9: But the Mets tonight have to face rist Sale and
Speaker 9: he is eighteen and three. Arizona lost to the Giants
Speaker 9: eleven and h So this is very much three team
Speaker 9: race ye for two NL wildcards. The metsley the Diamondbacks
Speaker 9: by a half game, the Braves by one. The Padres
Speaker 9: clinched the first NL wildcard they beat the Dodgers. The
Speaker 9: game ended with San Diego turning a triple play. The
Speaker 9: Liberty got thirty six points from sabrina I Andescu beat
Speaker 9: the Dream to advance to the WNBA semifinals. John Stansh
Speaker 9: they were Bloomberg Sports gearing.
Speaker 1: I mean.
Speaker 15: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 15: and around the world on Bloomberg dot Com and the
Speaker 15: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 15: Nathan Hager.
Speaker 2: As intense fighting continues between Israel and Hezbollah, world leaders
Speaker 2: are urging both sides to de escalate. President Biden addressed
Speaker 2: the conflict in his final speech to the UN General Assembly.
Speaker 13: Full scale wars not in anyone's interest. Even a situation
Speaker 13: is escalated, a diplomatic solution is still possible.
Speaker 2: And despite those words from President Biden, Israeli airstrikes and
Speaker 2: Hesbola rocket attacks go on, including at least one now
Speaker 2: aimed at Israel's financial hub Tel Aviv. Bloomberg's Israel Bureau
Speaker 2: chief Ethan Brauner is there and joins us now with
Speaker 2: the latest. Ethan, good morning, What are we seeing now?
Speaker 2: I hear there are more bombardments in Lebanon this morning.
Speaker 5: That's right, Nathan. The Israel's continuing to strike pretty widely
Speaker 5: in south Lebanon and the Bikaw Valley east of Beirut,
Speaker 5: and some forty projectiles have come at Israel from Lebanon,
Speaker 5: So the continues to be a fair amount of activity
Speaker 5: on both sides.
Speaker 2: With this rocket apparently aimed at the Tel Aviv suburbs,
Speaker 2: how significant an escalation could that be, Ethan?
Speaker 5: So that's a good question.
Speaker 16: I mean, never has his Belah launched a missile surface
Speaker 16: to surface kind of missile at Tel Aviv before. It
Speaker 16: was always kind of hanging over as the thing that
Speaker 16: they could ultimately do if a real conflict broke out.
Speaker 16: And indeed, as far as we know, they have tens
Speaker 16: of thousands of long range missiles that they could send.
Speaker 16: The interestant question is why only one came and what
Speaker 16: its significance is in terms of an uptick in hostilities,
Speaker 16: And I think it's a little hard to tell.
Speaker 2: Could we see some kind of response beyond what Israel
Speaker 2: has put out there these air strikes in southern Lebanon
Speaker 2: and the eastern Becav Valley. Could this lead to something further?
Speaker 5: It could?
Speaker 16: I mean honestly, for more than a week now, Israel
Speaker 16: has been on every day stepping up its attacks in Lebanon.
Speaker 16: It began with those pagers that went off in people's
Speaker 16: hands and pockets a week ago, a little more than
Speaker 16: a week ago, and continued.
Speaker 5: With the targeted fascinations and serious bombardments. Some five hundred
Speaker 5: plus people were killed in one day as they went
Speaker 5: after a whole bunch of launchers, rocket and missile launchers.
Speaker 5: They said, sixteen hundred sites hitting one day, all of
Speaker 5: which Israel says is aimed at trying to persuade Isbela
Speaker 5: to come to the table to talk about pulling away
Speaker 5: from the border with Israel and allowing its own citizens,
Speaker 5: Israeli citizens to go back to their homes from which
Speaker 5: they were driven on October eighth, after Isbela began attacking
Speaker 5: in solidarity with Hamas and Palestinians in Gaza.
Speaker 16: So it's a complicated situation. Israel is on a kind
Speaker 16: of path of trying to pressure more and more. I
Speaker 16: don't know that it would necessarily be a response to
Speaker 16: the one missile that came in toward Tel Aviv today.
Speaker 2: I did want to ask you about the room for diplomacy.
Speaker 2: We did hear President Biden calling for a need to
Speaker 2: de escalate, but it seems like escalation is what we
Speaker 2: are seeing. Where is the room for diplomacy, particularly with
Speaker 2: the UN General Assembly and these ongoing ceasefire talks and
Speaker 2: Gaza in the backdrop.
Speaker 16: Right, So, there is a French special envoy by the
Speaker 16: name of Jean Yve Ludrillon who has spent the beginning
Speaker 16: of this week in Beirut meeting with his Blah people
Speaker 16: and is in touch with Israelis as well, and this
Speaker 16: is the goal to come up with some There's been
Speaker 16: a Franco effort for many, many months now to try
Speaker 16: to get his Bola away from the border. They're right
Speaker 16: up against the border and Israelis feel unsafe as a result.
Speaker 16: If they could go back ten kilometers, that would be
Speaker 16: what Israel would be willing to Originally it was supposed
Speaker 16: to be only twenty five kilometers, but so that's where
Speaker 16: they the discussions are underway. It's a little hard to
Speaker 16: see if there's any progress of any kind. There's some
Speaker 16: notion that it could maybe be a package deal.
Speaker 5: Involvingstage Israeli hostage is held by Hamas and Gaza and
Speaker 5: so on, but it's all pretty vague at this point.
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