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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Tom Buzzby Isralli troops carrying out new targeted raids in

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Speaker 1: the Gaza Strip on Friday as they prepare for what's

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Speaker 1: expected to be a ground invasion into the Palestinian controlled

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Speaker 1: territory and it could come at any time. And after

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Speaker 1: ordering a million of those Gaza residents to evacuate the

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Speaker 1: northern part of the territory, Israeli Prime Minister Benjamin Netanyah,

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Speaker 1: who says his government is prepared to use quote unprecedented

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Speaker 1: force against Amas following last Saturday surprise terrorist attacks. Now,

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Speaker 1: President Biden spoke at a clean Energy event in Philadelphia

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Speaker 1: a today, making clear how the administration feels about Hamas

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Speaker 1: and where we stand with Israel.

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Speaker 2: These guys make they make a Kailo look pure. They're

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Speaker 2: they're pure evil, except from the beginning. The United States,

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Speaker 2: make no mistake about it, stands.

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Speaker 1: With Israel now. President Biden also cautioned that it was

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Speaker 1: the militant Gris Pamas that carried out those attacks on Israel,

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Speaker 1: not the people of Palestine.

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Speaker 2: You know, we have to we can't lose sight of

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Speaker 2: the fact that the overwhelming majority of Palestinians had nothing

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Speaker 2: to do with Hamas and amasis of Pauline attacks and

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Speaker 2: they're suffering as a result as well.

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Speaker 1: After making a zoom call with families of some of

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Speaker 1: the seventeen Americans still missing believed to be held hostage

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Speaker 1: by Jimas, Biden expressed sympathy for those families.

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Speaker 2: They're going through agony not knowing what the status of

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Speaker 2: their sons, daughters, husbands, wives, children are. You know, it's

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Speaker 2: gut wrenching. I assured them my personal commitment to do

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Speaker 2: everything possible. Everything possible returned every mission American to their families.

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Speaker 1: Well, one thing of the administration is doing is offering

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Speaker 1: all Americans in Israel who are unable to leave the

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Speaker 1: country on a flight seats on chartered flights returning back home. Now,

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Speaker 1: the economic effects of the war between Israel and Jumas

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Speaker 1: already spreading beyond the region. Bloomberg's Steve Rapoport.

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Speaker 3: More concerns about what comes next in the war quickly

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Speaker 3: spilled over to the energy sector. West Texas intermediate crude

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Speaker 3: climbed above eighty seven dollars a barrel on Friday after

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Speaker 3: Iron suggested militants backed by Tehran could open a new

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Speaker 3: front in the war. The surge of more than five

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Speaker 3: and a half percent slightly higher than a jump on Monday.

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Speaker 3: The uncertainty of the oil market is sparking fears of

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Speaker 3: a global recession if the war moves beyond Gaza. Bloomberg

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Speaker 3: Economics estimates oil could soar to one hundred and fifty

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Speaker 3: dollars a barrel and global growth drop one point seven percent.

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Speaker 3: Steve Rappaport Bloomberg Radio Now.

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Speaker 1: Worries about escalating tensions also weighed on stocks today. At

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Speaker 1: the close, the Dow managed a gain of thirty nine points,

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Speaker 1: but the NASTAC down one hundred and sixty seven points,

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Speaker 1: a loss of one hundred quarter percent. The SMP down

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Speaker 1: twenty two. The new earning season began earlier today with

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Speaker 1: stronger than forecast results from Wells Fargo City Group and

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Speaker 1: JP Morgan Chase. That's because those lenders made a ton

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Speaker 1: of money by jacking up interest rates on loans. Now

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Speaker 1: in Washington, Congressman Jim Jordan of Ohio, a t I'm

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Speaker 1: a loyalist, an election denier, has been nominated by the

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Speaker 1: party to run for House Speaker, also announcing a run

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Speaker 1: for the Speaker's chair the little known Georgia base centrist

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Speaker 1: Austin Scott, But with House Republicans adjourning for the weekend,

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Speaker 1: it's not clear if Jordan or anyone else will gather

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Speaker 1: the number of votes needed to become speaker. Republican Congressman

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Speaker 1: Bill Fwesanga of Michigan spoke on Bloomberg's balance of power

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Speaker 1: lay today on what all Republicans should be prepared to

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Speaker 1: do if.

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Speaker 4: The conference comes knocking. We all have to be willing

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Speaker 4: to serve in whatever capacity they decide. I know Patrick McHenry,

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Speaker 4: whose name has been thrown around, he doesn't want to

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Speaker 4: do this, but he has also said if it comes

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Speaker 4: to that again, we all have to be willing to

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Speaker 4: move this ahead. Because there's too many things happening, whether

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Speaker 4: it's in Israel, whether it's a southern border, whether it's inflation.

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Speaker 4: We've got to get the House back in order and

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Speaker 4: back on track.

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Speaker 1: And a vote for speaker could be held as early

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Speaker 1: as Tuesday. Now, with home prices so high and mortgage

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Speaker 1: rates on the rise, Zillo says it's better to rent

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Speaker 1: right now than to buy in most high cost cities,

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Speaker 1: think Los Angeles, San Francisco, Seattle, New York, and more

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Speaker 1: and Dundeal. Nearly two years after his first announced, Microsoft

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Speaker 1: has finally gotten the go ahead from antitrust regulators in

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Speaker 1: the UK and has already completed it's sixty nine billion

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Speaker 1: dollar acquisition of the video game maker Activision Blizzard. That's

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Speaker 1: news when you wanted with Bloomberg News. Now I'm Tom

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Speaker 1: Busby and this is Bloomberg