WEBVTT - Netanyahu Says No Cease-Fire; New Apple Macs and PC Chips

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<v Speaker 1>Good morning. I maybe Morris and I'm Karen Moscow. Here

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<v Speaker 1>are the stories we're following today.

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<v Speaker 2>We begin with the latest on the war in the

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<v Speaker 2>Middle East. Israel has struck targets in Lebanon, stepping up

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<v Speaker 2>its ground operations in Gaza. This latest military action comes

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<v Speaker 2>as Prime Minister Benjamin Netanyahu rules out a cease fire

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<v Speaker 2>and dismissed calls for him to resign over security failures

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<v Speaker 2>that led to the October seventh Thamas attack.

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<v Speaker 3>The only thing that I intend to have resign is Kamas.

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<v Speaker 3>We're going to resign them to the dust benef history.

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<v Speaker 4>That's my goal, that's my responsibility, and that's what I'm

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<v Speaker 4>leading the country to do.

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<v Speaker 2>Prime Minister Benjamin Netanyah, who says more than fourteen hundred

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<v Speaker 2>Israelis were killed in that attack, the largest loss of

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<v Speaker 2>Jewish life since the Holocaust.

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<v Speaker 1>Well Amy Netanyah, who made his evening address in English

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<v Speaker 1>Bloomberg's Oliver Crook is in Tel Aviv and has more

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<v Speaker 1>on Netanyahu's message to the international community.

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<v Speaker 4>The point that he was making was one that we've

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<v Speaker 4>heard many times for the Prime Minister, a question of

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<v Speaker 4>moral clarity in making the distinction between the deliberate murder

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<v Speaker 4>of innocent and the unintentional casualties that accompany any war is.

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<v Speaker 5>What he says.

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<v Speaker 4>And of course those casualties have exceeded now, according to

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<v Speaker 4>the Gazen authorities, more than eight thousand people. And that

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<v Speaker 4>is the big question internationally, where is the limit to

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<v Speaker 4>self defense? On the question of ceasefires, he says, you

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<v Speaker 4>wouldn't have asked for a ceasefire after Pearl Harbor or

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<v Speaker 4>nine to eleven. That a ceasefire is a call for

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<v Speaker 4>surrender for Israel is what he said. And regardless of

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<v Speaker 4>who stands with Israel, he says, he's going to continue

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<v Speaker 4>on this battle.

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<v Speaker 1>And bloombergs Oliver Kuik, reporting from Tel Aviv, says authorities

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<v Speaker 1>in Hamas run Gaza say the death toll since the

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<v Speaker 1>war erupted has surpassed eighty three hundred.

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<v Speaker 2>And back here at Home, Defense Secretary Lloyd to Austin

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<v Speaker 2>and Secretary of State Antony Blincoln will make the case

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<v Speaker 2>that the United States should immediately send aid to both

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<v Speaker 2>Israel and Ukraine. They'll testify at a Senate hearing. As

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<v Speaker 2>House Republicans are taking their own path on aid to Israel.

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<v Speaker 2>Bloomberg's Ed Baxter has that story.

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<v Speaker 6>The Republicans introducing a fourteen point three billion dollar aid plan.

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<v Speaker 6>The package separate it's Israel aid from a broader Biden

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<v Speaker 6>emergency funding request that include Ukraine and Taiwan aid. We'll

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<v Speaker 6>have to see what the Speaker will do now. It

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<v Speaker 6>pays for the Israel Aid by cutting the Biden Inflation

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<v Speaker 6>Reduction Act calling for a fourteen point three billion dollar

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<v Speaker 6>reduction in funding for the IRS. This complicates the process

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<v Speaker 6>to get anything done on this, as Democrats in the

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<v Speaker 6>Senate and the President himself feel very strongly about that funding.

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<v Speaker 6>Ad Baxter, Bloomberg Radio.

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<v Speaker 1>All right, and thank you well. Turning to the markets now,

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<v Speaker 1>the yen is falling the most in two months after

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<v Speaker 1>the Bank of Japan made only minor changes to its

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<v Speaker 1>policy settings, and that's disappointing some in the market who

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<v Speaker 1>had expected more. The central Bank kept its camp on

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<v Speaker 1>long term yields at one percent and left its negative

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<v Speaker 1>interest rate untouched.

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<v Speaker 2>Staying in Asia, China's factory activity fell back into contraction

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<v Speaker 2>in October. Bloomberg Daybreak Asia anchor Brian Curtis has more

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<v Speaker 2>from Hong Kong.

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<v Speaker 7>The official PMI fill to forty nine point five in October,

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<v Speaker 7>the estimate at fifty point two. In addition, an expansion

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<v Speaker 7>of the services sector unexpectedly eased. The reading suggests the

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<v Speaker 7>economy remains fragile and needs further support. The non manufacturing

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<v Speaker 7>gauge declined to fifty point six from fifty one point

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<v Speaker 7>seven in September, also lower than forecast. The numbers are

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<v Speaker 7>skewed due to an eight day holiday at the beginning

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<v Speaker 7>of the month, but let's not quibble. Demand remains weak.

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<v Speaker 7>In On Kong, Brian Curtis, Bloomberg.

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<v Speaker 1>Radio, All right, Brian, thank you well. In corporate news,

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<v Speaker 1>Apple has unveiled new iMac and laptop of models and

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<v Speaker 1>the third generation of its in house processor line. The

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<v Speaker 1>tech giant says the new chip will make its MacBooks

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<v Speaker 1>more powerful and retain their battery life. Begain more from

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<v Speaker 1>Bloomberg's executive Global Technology editor Tom Giles in San Francisco.

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<v Speaker 8>What they're trying to show is that the new line

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<v Speaker 8>of chips that they've just unveiled, the M three, is

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<v Speaker 8>a kind of chips that's faster, more powerful, and at

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<v Speaker 8>the same time more energy efficient. So what they're trying

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<v Speaker 8>to do is they're using this new chip to breathe

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<v Speaker 8>life into their their Mac product line.

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<v Speaker 1>And Bloomberry's Tom Giles says Mac sales or forecast to

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<v Speaker 1>climb about five percent in the holiday quarter.

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<v Speaker 2>And staying on the tech theme, X, the platform formerly

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<v Speaker 2>known as Twitter, is worth less than half of what

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<v Speaker 2>Elon Musk paid for a year ago. More from Bloomberg's

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<v Speaker 2>Charlie Pellett.

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<v Speaker 5>The source tells Bloomberg restricted stock units awarded to employees

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<v Speaker 5>value the company at nineteen billion dollars or forty five

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<v Speaker 5>dollars a share a year ago. Musk bought Twitter for

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<v Speaker 5>forty four billion dollars. Since the takeover, most of Twitter's

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<v Speaker 5>staff was laid off or resigned. Musk renamed the company X,

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<v Speaker 5>changed some of its content rules, and has since lost

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<v Speaker 5>more than half of its AD revenue in New York.

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<v Speaker 5>Charlie Pellett Bloomberg Radio.

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<v Speaker 1>All right, Charlie, thanks now to the latest on the

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<v Speaker 1>Sam Bankman freed fraud trial. The co founder of f

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<v Speaker 1>TX took the stand again yesterday, telling a New York

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<v Speaker 1>court he was aware Alimeter Research did not take steps

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<v Speaker 1>to properly hedge risks. He is charged with approving the

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<v Speaker 1>transfer of billions of FTX customer dollars into Alameter for investments,

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<v Speaker 1>political donations, and real estate before both companies collapsed.

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<v Speaker 2>Turning to earnings, thirty companies in the S and P

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<v Speaker 2>five hundred will report today. Heading the list Pfizer, Caterpillar,

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<v Speaker 2>and Amgen. Shares of Pinterest are up more than sixteen percent.

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<v Speaker 2>In early trading, the social networking company reported third quarter

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<v Speaker 2>results that beat estimates.

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<v Speaker 1>And in Europe Amy shares a BP are falling there

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<v Speaker 1>down more than five percent. Profitfel short of estimates as

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<v Speaker 1>weak results in gas marketing offset a strong performance in

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<v Speaker 1>oil trading. Like its big oil peers, BP's earnings were

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<v Speaker 1>well below last year's record levels high by which were

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<v Speaker 1>high by historical standards, as geopolitical tensions kept energy prices elevated.

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<v Speaker 1>Ten time Now for look at some of the other

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<v Speaker 1>stories making news around the world. For that, we're joined

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<v Speaker 1>by Bloomberg's John Tucker. John, good morning and good.

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<v Speaker 9>Morning, Karen. The White House says there's been a rise

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<v Speaker 9>in anti Semitic incidents at schools and on college campuses

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<v Speaker 9>nationwide following the Israel Hamas war. Among the latest officials

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<v Speaker 9>at Cornell University, heay the FBI has been notified about

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<v Speaker 9>online threats of violence directed at the university's Jewish Center.

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<v Speaker 9>White House Press Secretary Cringe Jean Pierre.

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<v Speaker 1>There's no place for hate in America, and we condemn

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<v Speaker 1>any anti Semitic threat or incident in the strongest in

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<v Speaker 1>the strongest.

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<v Speaker 5>Terms, she says.

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<v Speaker 9>The administration is monitoring those threats and others closely. Vice

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<v Speaker 9>President Harris poised to announce an investment more than two

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<v Speaker 9>hundred million dollars from philanthropic foundations to finance artificial intelligence advancements.

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<v Speaker 9>That story in this report this morning from Bloomberg's Jeff Bellinger.

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<v Speaker 10>The investment aligns with the Biden administration's broader goals of

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<v Speaker 10>promoting AI innovation that x consumers and supports international rules

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<v Speaker 10>for the nascent technology. The funders are also prioritizing initiatives

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<v Speaker 10>focused on safeguarding democracy, assisting workers facing AI driven changes,

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<v Speaker 10>and improving the transparency around AI. The announcement comes as

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<v Speaker 10>Harris is scheduled to travel to London this week to

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<v Speaker 10>meet with industry and foreign government leaders at a summit

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<v Speaker 10>on AI. Risks Jeff Bellinger, Bloomberg Radio.

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<v Speaker 9>The testimony of former President Trump's daughter Avanka in his

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<v Speaker 9>ongoing civil fraud trial has been delayed. She was scheduled

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<v Speaker 9>to take the stand Friday, but will now appear November

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<v Speaker 9>eighth instead in order to provide sufficient time for her

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<v Speaker 9>to be questioned. She'll testified the same day as the

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<v Speaker 9>third Republican presidential primary debate, which your father has chosen

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<v Speaker 9>to skip. In Colorado, trials begun that has a group ongoing.

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<v Speaker 9>Former President Trump's role on January sixth disqualifies him from

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<v Speaker 9>holding office and he should be kept off the ballot there.

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<v Speaker 9>A similar case is going to be heard this week

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<v Speaker 9>in Minnesota. There's another one in Michigan and another sent

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<v Speaker 9>for New Hampshire. Ultimately, they may be destined for the

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<v Speaker 9>US Supreme Court. Global news twenty four hours a day

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<v Speaker 9>and whenever you want it with Bloomberg News Now. I'm

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<v Speaker 9>John Tucker, and this is Bloomberg Radio.

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<v Speaker 5>Karen all right, John, thanks well.

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<v Speaker 1>We bring you news throughout the day right here on

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<v Speaker 1>Bloomberg Radio. But now, as John said, you can get

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<v Speaker 1>the latest news on demand whenever you want it. Subscribe

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<v Speaker 1>You can listen and subscribe to Bloomberg News now on

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<v Speaker 1>the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify,

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<v Speaker 1>and anywhere else you get your podcasts. It is time

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<v Speaker 1>now for the Bloomberg Sports Update. Here's John stash Hour,

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<v Speaker 1>John Karen.

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<v Speaker 11>The Texas Rangers are now nine to zero in this

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<v Speaker 11>postseason in road games. They won Game three in the

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<v Speaker 11>World Series at Arizona three to one's going all three

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<v Speaker 11>runs in the third and aint Corey Seeger hit a

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<v Speaker 11>two run homer. Max Schurzer pitched the first three innings,

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<v Speaker 11>left with a back injury, but John Gray followed with

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<v Speaker 11>three innings and then three relievers followed after that. Rangers

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<v Speaker 11>now lead the series two games to one, with Game

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<v Speaker 11>four in Phoenix tonight. Frank Howard has passed away at

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<v Speaker 11>the age of eighty seven. A Major leaguer for sixteen years,

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<v Speaker 11>he was the Rookie of the Year playing for the

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<v Speaker 11>Dodgers in nineteen sixty, won a World Series in LA

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<v Speaker 11>a few years later, then a four time All Star

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<v Speaker 11>plane for the Washington Senators. The Mother Night Football game

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<v Speaker 11>was in Detroit and the Lions were coming off a

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<v Speaker 11>thirty eight to six loss last week at Baltimore, they

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<v Speaker 11>rebounded and beat the Raiders twenty six to fourteen, and

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<v Speaker 11>Detroit is now six and two. The rookie running back

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<v Speaker 11>Jamier Gibbs twenty six carries one hundred and fifty two yards.

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<v Speaker 11>The Celtics are three and oh. They got thirty six

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<v Speaker 11>points from Jalen Brown in a one twenty six to

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<v Speaker 11>one oh seven win at Washington. The Warriors are three

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<v Speaker 11>and oh on the road and Steph Curry scored forty two.

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<v Speaker 11>Golden State won at New Orleans won thirty to one

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<v Speaker 11>oh two. The Bruins were facing the team that mos

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<v Speaker 11>to them from the playoffs last year. Boston was down

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<v Speaker 11>Tune up in Pavel Zaka scored in overtime, and the

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<v Speaker 11>Bruins beat Florida three to two, Bruins improving to eighth

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<v Speaker 11>and one on the season. The NFL trade deadline is

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<v Speaker 11>today at four o'clock Eastern. Buffalo Bills have signed veteran

0:10:17.920 --> 0:10:19.480
<v Speaker 11>running back Leonard Fournette.

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<v Speaker 5>John stash Our Bloomberg.

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<v Speaker 3>Sports from coast to coast, from New York to San Francisco,

0:10:27.200 --> 0:10:32.200
<v Speaker 3>Boston to Washington, DC, nationwide on SiriusXM, The Bloomberg Business

0:10:32.240 --> 0:10:36.040
<v Speaker 3>app in Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 6>Good morning.

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<v Speaker 2>I'm Amy Morris. Israel struck targets in Lebanon and stepped

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<v Speaker 2>up its ground operations in Gaza. The latest military action

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<v Speaker 2>comes as Prime Minister Benjamin Netanyah, who rules out a ceasefire.

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<v Speaker 2>We're joined now by Bloomberg's Ross Matheson in London Rods.

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<v Speaker 2>There was a defiant presser from Benjamin Nettnjah who despite

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<v Speaker 2>those calls for a ceasefire. What was the main message.

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<v Speaker 12>Well, it seemed to be a twofold message from Benjamin

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<v Speaker 12>naw who in that press conference yesterday. The first one,

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<v Speaker 12>as you say, was to make clear that he's not

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<v Speaker 12>interested in a ceasefire right now with Hamas. He just

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<v Speaker 12>said the stakes are too high for Israel and the

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<v Speaker 12>imperative to strike back is too large. But it was

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<v Speaker 12>also about him sort of resetting the narrative a bit

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<v Speaker 12>potentially about his own leadership in this minute, as you

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<v Speaker 12>were noting, he's been under pressure since the October seventh

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<v Speaker 12>attack by Hamas. But the failure of Israel's intelligence services

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<v Speaker 12>security services to see this coming, or certainly at least

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<v Speaker 12>to ward it off from coming. And he has blamed

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<v Speaker 12>others for that and was forced to apologize and retract

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<v Speaker 12>a tweet that he did on it. And he was

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<v Speaker 12>out there yesterday saying I'm here, I'm leading, I'm still

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<v Speaker 12>in charge. In fact, he said I had to cool

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<v Speaker 12>an end to the press conference so he could go

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<v Speaker 12>off and, as he said, lead in this minute very

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<v Speaker 12>much about sending a message that he's nowhere near resigning.

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<v Speaker 12>In fact, he was asked in the press conference if

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<v Speaker 12>he would resign. The answer was a resounding no. He

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<v Speaker 12>was not going to resign. So it's about also his

0:12:11.559 --> 0:12:14.120
<v Speaker 12>own personal leadership, and this minute.

0:12:14.040 --> 0:12:16.680
<v Speaker 2>Is his popularity diminishing, however.

0:12:18.320 --> 0:12:20.400
<v Speaker 12>It is, and it seems to be there's sort of

0:12:20.400 --> 0:12:23.640
<v Speaker 12>popular opinion on that. You can certainly see the tide

0:12:23.679 --> 0:12:27.280
<v Speaker 12>on social media and some of the local media, also

0:12:27.320 --> 0:12:31.080
<v Speaker 12>the opposition, but also more importantly senior figures in his

0:12:31.200 --> 0:12:35.160
<v Speaker 12>so called unity government. Of course, he brought in other parties,

0:12:35.280 --> 0:12:39.120
<v Speaker 12>other political figures in that moment, including Benny Gantz. He's

0:12:39.120 --> 0:12:43.040
<v Speaker 12>been a key figure previously, and he's been quite critical

0:12:43.200 --> 0:12:47.320
<v Speaker 12>of Nahu publicly overall of this, So it's not just

0:12:47.800 --> 0:12:50.960
<v Speaker 12>sort of the public spirits. Also we're hearing senior figures

0:12:51.000 --> 0:12:55.280
<v Speaker 12>in the security establishment, in the military, and in BB's

0:12:55.320 --> 0:12:58.960
<v Speaker 12>own current Unity government, who are quite upset about some

0:12:59.080 --> 0:13:01.760
<v Speaker 12>of the comments that he's made. Whether that leads to

0:13:01.760 --> 0:13:04.880
<v Speaker 12>anything in the short term is unlikely. Right now, Israel

0:13:05.000 --> 0:13:08.760
<v Speaker 12>is more focused on the war in Gaza, the war

0:13:08.800 --> 0:13:11.880
<v Speaker 12>against Hamas, But in the longer term it is raising

0:13:11.960 --> 0:13:16.400
<v Speaker 12>those further questions about his longevity as political leader.

0:13:17.360 --> 0:13:21.040
<v Speaker 2>How much is this conflict spilling into other parts of

0:13:21.120 --> 0:13:23.200
<v Speaker 2>the Middle East. What are more signs that you're seeing.

0:13:24.200 --> 0:13:27.040
<v Speaker 12>Well, we're not saying that broad obviously, that the broad

0:13:27.040 --> 0:13:30.400
<v Speaker 12>worry is that it becomes a Middle East wide conflict,

0:13:30.440 --> 0:13:34.000
<v Speaker 12>but we are seeing seepitch in a way into other areas.

0:13:34.000 --> 0:13:38.319
<v Speaker 12>So we're seeing Israel heating targets in Lebanon and Syria overnight.

0:13:38.559 --> 0:13:41.640
<v Speaker 12>We're seeing Lebanon warning a short time ago that things

0:13:41.640 --> 0:13:44.920
<v Speaker 12>could be escalating. Of course, Lebanon itself doesn't have a

0:13:44.920 --> 0:13:48.319
<v Speaker 12>lot of control over Hesbella, that's the Iranian Bat militia

0:13:48.320 --> 0:13:52.080
<v Speaker 12>that's operating there. It doesn't really have the ability to

0:13:52.200 --> 0:13:55.679
<v Speaker 12>rain hesbelar In, but certainly Lebanon is worried about it

0:13:55.720 --> 0:13:58.840
<v Speaker 12>and the knock on effect on its own country and

0:13:58.880 --> 0:14:02.160
<v Speaker 12>the fact that things also seem to be spilling into Syria,

0:14:02.200 --> 0:14:04.840
<v Speaker 12>where you've got a lot of Arani back malicious operating

0:14:04.960 --> 0:14:08.880
<v Speaker 12>also does suggest that those concerns are real about the

0:14:08.920 --> 0:14:11.800
<v Speaker 12>conflict escalating. And we know they've being attacked to and

0:14:11.840 --> 0:14:16.880
<v Speaker 12>fro involving militia in Syria. They're also striking US soldiers

0:14:17.280 --> 0:14:20.840
<v Speaker 12>at bases in places like Syria and Iraq. So you're

0:14:20.880 --> 0:14:25.800
<v Speaker 12>seeing that escalation in activity involving Syria and Lebanon, at

0:14:25.880 --> 0:14:29.520
<v Speaker 12>least those groups that are operating there. Thankfully now for

0:14:29.600 --> 0:14:32.160
<v Speaker 12>now that you're still not seeing the sense that it's

0:14:32.200 --> 0:14:34.360
<v Speaker 12>turning into a full scale regional conflict.

0:14:35.160 --> 0:14:38.160
<v Speaker 2>Has there been more progress with increased humanitarian aid?

0:14:39.480 --> 0:14:43.000
<v Speaker 12>It's been very limited. Again, a lot of calls obviously

0:14:43.120 --> 0:14:47.720
<v Speaker 12>for aid to increase, many expressions of concern about the

0:14:47.800 --> 0:14:51.480
<v Speaker 12>situation there, but still the trucks are only trickling in

0:14:52.400 --> 0:14:56.840
<v Speaker 12>despite all those conversations and efforts that Israel's pledged to

0:14:56.920 --> 0:15:00.000
<v Speaker 12>try and increase the aid flow, but there's no tangibles

0:15:00.080 --> 0:15:03.960
<v Speaker 12>sign that that's really picking up. Meanwhile, the casualty rate

0:15:04.040 --> 0:15:08.480
<v Speaker 12>inside Gaza is rising. The Hamas led administration there is

0:15:08.480 --> 0:15:12.040
<v Speaker 12>now saying that eight three hundred people have been killed

0:15:12.080 --> 0:15:15.160
<v Speaker 12>in Gaza, many of them children, and things are in

0:15:15.200 --> 0:15:18.800
<v Speaker 12>a desperate state, including in the hospitals, So a lot

0:15:18.800 --> 0:15:22.160
<v Speaker 12>of conversations around, a lots of conversations around. Can there

0:15:22.200 --> 0:15:25.760
<v Speaker 12>be a pause in the fighting, But as of this morning,

0:15:26.160 --> 0:15:31.560
<v Speaker 12>the flow of humanitarian health into Gaza is still very small.

0:15:31.680 --> 0:15:34.960
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