Speaker 1: Good morning. I maybe Morris and I'm Karen Moscow. Here
Speaker 1: are the stories we're following today.
Speaker 2: We begin with the latest on the war in the
Speaker 2: Middle East. Israel has struck targets in Lebanon, stepping up
Speaker 2: its ground operations in Gaza. This latest military action comes
Speaker 2: as Prime Minister Benjamin Netanyahu rules out a cease fire
Speaker 2: and dismissed calls for him to resign over security failures
Speaker 2: that led to the October seventh Thamas attack.
Speaker 3: The only thing that I intend to have resign is Kamas.
Speaker 3: We're going to resign them to the dust benef history.
Speaker 4: That's my goal, that's my responsibility, and that's what I'm
Speaker 4: leading the country to do.
Speaker 2: Prime Minister Benjamin Netanyah, who says more than fourteen hundred
Speaker 2: Israelis were killed in that attack, the largest loss of
Speaker 2: Jewish life since the Holocaust.
Speaker 1: Well Amy Netanyah, who made his evening address in English
Speaker 1: Bloomberg's Oliver Crook is in Tel Aviv and has more
Speaker 1: on Netanyahu's message to the international community.
Speaker 4: The point that he was making was one that we've
Speaker 4: heard many times for the Prime Minister, a question of
Speaker 4: moral clarity in making the distinction between the deliberate murder
Speaker 4: of innocent and the unintentional casualties that accompany any war is.
Speaker 5: What he says.
Speaker 4: And of course those casualties have exceeded now, according to
Speaker 4: the Gazen authorities, more than eight thousand people. And that
Speaker 4: is the big question internationally, where is the limit to
Speaker 4: self defense? On the question of ceasefires, he says, you
Speaker 4: wouldn't have asked for a ceasefire after Pearl Harbor or
Speaker 4: nine to eleven. That a ceasefire is a call for
Speaker 4: surrender for Israel is what he said. And regardless of
Speaker 4: who stands with Israel, he says, he's going to continue
Speaker 4: on this battle.
Speaker 1: And bloombergs Oliver Kuik, reporting from Tel Aviv, says authorities
Speaker 1: in Hamas run Gaza say the death toll since the
Speaker 1: war erupted has surpassed eighty three hundred.
Speaker 2: And back here at Home, Defense Secretary Lloyd to Austin
Speaker 2: and Secretary of State Antony Blincoln will make the case
Speaker 2: that the United States should immediately send aid to both
Speaker 2: Israel and Ukraine. They'll testify at a Senate hearing. As
Speaker 2: House Republicans are taking their own path on aid to Israel.
Speaker 2: Bloomberg's Ed Baxter has that story.
Speaker 6: The Republicans introducing a fourteen point three billion dollar aid plan.
Speaker 6: The package separate it's Israel aid from a broader Biden
Speaker 6: emergency funding request that include Ukraine and Taiwan aid. We'll
Speaker 6: have to see what the Speaker will do now. It
Speaker 6: pays for the Israel Aid by cutting the Biden Inflation
Speaker 6: Reduction Act calling for a fourteen point three billion dollar
Speaker 6: reduction in funding for the IRS. This complicates the process
Speaker 6: to get anything done on this, as Democrats in the
Speaker 6: Senate and the President himself feel very strongly about that funding.
Speaker 6: Ad Baxter, Bloomberg Radio.
Speaker 1: All right, and thank you well. Turning to the markets now,
Speaker 1: the yen is falling the most in two months after
Speaker 1: the Bank of Japan made only minor changes to its
Speaker 1: policy settings, and that's disappointing some in the market who
Speaker 1: had expected more. The central Bank kept its camp on
Speaker 1: long term yields at one percent and left its negative
Speaker 1: interest rate untouched.
Speaker 2: Staying in Asia, China's factory activity fell back into contraction
Speaker 2: in October. Bloomberg Daybreak Asia anchor Brian Curtis has more
Speaker 2: from Hong Kong.
Speaker 7: The official PMI fill to forty nine point five in October,
Speaker 7: the estimate at fifty point two. In addition, an expansion
Speaker 7: of the services sector unexpectedly eased. The reading suggests the
Speaker 7: economy remains fragile and needs further support. The non manufacturing
Speaker 7: gauge declined to fifty point six from fifty one point
Speaker 7: seven in September, also lower than forecast. The numbers are
Speaker 7: skewed due to an eight day holiday at the beginning
Speaker 7: of the month, but let's not quibble. Demand remains weak.
Speaker 7: In On Kong, Brian Curtis, Bloomberg.
Speaker 1: Radio, All right, Brian, thank you well. In corporate news,
Speaker 1: Apple has unveiled new iMac and laptop of models and
Speaker 1: the third generation of its in house processor line. The
Speaker 1: tech giant says the new chip will make its MacBooks
Speaker 1: more powerful and retain their battery life. Begain more from
Speaker 1: Bloomberg's executive Global Technology editor Tom Giles in San Francisco.
Speaker 8: What they're trying to show is that the new line
Speaker 8: of chips that they've just unveiled, the M three, is
Speaker 8: a kind of chips that's faster, more powerful, and at
Speaker 8: the same time more energy efficient. So what they're trying
Speaker 8: to do is they're using this new chip to breathe
Speaker 8: life into their their Mac product line.
Speaker 1: And Bloomberry's Tom Giles says Mac sales or forecast to
Speaker 1: climb about five percent in the holiday quarter.
Speaker 2: And staying on the tech theme, X, the platform formerly
Speaker 2: known as Twitter, is worth less than half of what
Speaker 2: Elon Musk paid for a year ago. More from Bloomberg's
Speaker 2: Charlie Pellett.
Speaker 5: The source tells Bloomberg restricted stock units awarded to employees
Speaker 5: value the company at nineteen billion dollars or forty five
Speaker 5: dollars a share a year ago. Musk bought Twitter for
Speaker 5: forty four billion dollars. Since the takeover, most of Twitter's
Speaker 5: staff was laid off or resigned. Musk renamed the company X,
Speaker 5: changed some of its content rules, and has since lost
Speaker 5: more than half of its AD revenue in New York.
Speaker 5: Charlie Pellett Bloomberg Radio.
Speaker 1: All right, Charlie, thanks now to the latest on the
Speaker 1: Sam Bankman freed fraud trial. The co founder of f
Speaker 1: TX took the stand again yesterday, telling a New York
Speaker 1: court he was aware Alimeter Research did not take steps
Speaker 1: to properly hedge risks. He is charged with approving the
Speaker 1: transfer of billions of FTX customer dollars into Alameter for investments,
Speaker 1: political donations, and real estate before both companies collapsed.
Speaker 2: Turning to earnings, thirty companies in the S and P
Speaker 2: five hundred will report today. Heading the list Pfizer, Caterpillar,
Speaker 2: and Amgen. Shares of Pinterest are up more than sixteen percent.
Speaker 2: In early trading, the social networking company reported third quarter
Speaker 2: results that beat estimates.
Speaker 1: And in Europe Amy shares a BP are falling there
Speaker 1: down more than five percent. Profitfel short of estimates as
Speaker 1: weak results in gas marketing offset a strong performance in
Speaker 1: oil trading. Like its big oil peers, BP's earnings were
Speaker 1: well below last year's record levels high by which were
Speaker 1: high by historical standards, as geopolitical tensions kept energy prices elevated.
Speaker 1: Ten time Now for look at some of the other
Speaker 1: stories making news around the world. For that, we're joined
Speaker 1: by Bloomberg's John Tucker. John, good morning and good.
Speaker 9: Morning, Karen. The White House says there's been a rise
Speaker 9: in anti Semitic incidents at schools and on college campuses
Speaker 9: nationwide following the Israel Hamas war. Among the latest officials
Speaker 9: at Cornell University, heay the FBI has been notified about
Speaker 9: online threats of violence directed at the university's Jewish Center.
Speaker 9: White House Press Secretary Cringe Jean Pierre.
Speaker 1: There's no place for hate in America, and we condemn
Speaker 1: any anti Semitic threat or incident in the strongest in
Speaker 1: the strongest.
Speaker 5: Terms, she says.
Speaker 9: The administration is monitoring those threats and others closely. Vice
Speaker 9: President Harris poised to announce an investment more than two
Speaker 9: hundred million dollars from philanthropic foundations to finance artificial intelligence advancements.
Speaker 9: That story in this report this morning from Bloomberg's Jeff Bellinger.
Speaker 10: The investment aligns with the Biden administration's broader goals of
Speaker 10: promoting AI innovation that x consumers and supports international rules
Speaker 10: for the nascent technology. The funders are also prioritizing initiatives
Speaker 10: focused on safeguarding democracy, assisting workers facing AI driven changes,
Speaker 10: and improving the transparency around AI. The announcement comes as
Speaker 10: Harris is scheduled to travel to London this week to
Speaker 10: meet with industry and foreign government leaders at a summit
Speaker 10: on AI. Risks Jeff Bellinger, Bloomberg Radio.
Speaker 9: The testimony of former President Trump's daughter Avanka in his
Speaker 9: ongoing civil fraud trial has been delayed. She was scheduled
Speaker 9: to take the stand Friday, but will now appear November
Speaker 9: eighth instead in order to provide sufficient time for her
Speaker 9: to be questioned. She'll testified the same day as the
Speaker 9: third Republican presidential primary debate, which your father has chosen
Speaker 9: to skip. In Colorado, trials begun that has a group ongoing.
Speaker 9: Former President Trump's role on January sixth disqualifies him from
Speaker 9: holding office and he should be kept off the ballot there.
Speaker 9: A similar case is going to be heard this week
Speaker 9: in Minnesota. There's another one in Michigan and another sent
Speaker 9: for New Hampshire. Ultimately, they may be destined for the
Speaker 9: US Supreme Court. Global news twenty four hours a day
Speaker 9: and whenever you want it with Bloomberg News Now. I'm
Speaker 9: John Tucker, and this is Bloomberg Radio.
Speaker 5: Karen all right, John, thanks well.
Speaker 1: We bring you news throughout the day right here on
Speaker 1: Bloomberg Radio. But now, as John said, you can get
Speaker 1: the latest news on demand whenever you want it. Subscribe
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Speaker 1: You can listen and subscribe to Bloomberg News now on
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Speaker 1: and anywhere else you get your podcasts. It is time
Speaker 1: now for the Bloomberg Sports Update. Here's John stash Hour,
Speaker 1: John Karen.
Speaker 11: The Texas Rangers are now nine to zero in this
Speaker 11: postseason in road games. They won Game three in the
Speaker 11: World Series at Arizona three to one's going all three
Speaker 11: runs in the third and aint Corey Seeger hit a
Speaker 11: two run homer. Max Schurzer pitched the first three innings,
Speaker 11: left with a back injury, but John Gray followed with
Speaker 11: three innings and then three relievers followed after that. Rangers
Speaker 11: now lead the series two games to one, with Game
Speaker 11: four in Phoenix tonight. Frank Howard has passed away at
Speaker 11: the age of eighty seven. A Major leaguer for sixteen years,
Speaker 11: he was the Rookie of the Year playing for the
Speaker 11: Dodgers in nineteen sixty, won a World Series in LA
Speaker 11: a few years later, then a four time All Star
Speaker 11: plane for the Washington Senators. The Mother Night Football game
Speaker 11: was in Detroit and the Lions were coming off a
Speaker 11: thirty eight to six loss last week at Baltimore, they
Speaker 11: rebounded and beat the Raiders twenty six to fourteen, and
Speaker 11: Detroit is now six and two. The rookie running back
Speaker 11: Jamier Gibbs twenty six carries one hundred and fifty two yards.
Speaker 11: The Celtics are three and oh. They got thirty six
Speaker 11: points from Jalen Brown in a one twenty six to
Speaker 11: one oh seven win at Washington. The Warriors are three
Speaker 11: and oh on the road and Steph Curry scored forty two.
Speaker 11: Golden State won at New Orleans won thirty to one
Speaker 11: oh two. The Bruins were facing the team that mos
Speaker 11: to them from the playoffs last year. Boston was down
Speaker 11: Tune up in Pavel Zaka scored in overtime, and the
Speaker 11: Bruins beat Florida three to two, Bruins improving to eighth
Speaker 11: and one on the season. The NFL trade deadline is
Speaker 11: today at four o'clock Eastern. Buffalo Bills have signed veteran
Speaker 11: running back Leonard Fournette.
Speaker 5: John stash Our Bloomberg.
Speaker 3: Sports from coast to coast, from New York to San Francisco,
Speaker 3: Boston to Washington, DC, nationwide on SiriusXM, The Bloomberg Business
Speaker 3: app in Bloomberg dot Com. This is Bloomberg Daybreak.
Speaker 6: Good morning.
Speaker 2: I'm Amy Morris. Israel struck targets in Lebanon and stepped
Speaker 2: up its ground operations in Gaza. The latest military action
Speaker 2: comes as Prime Minister Benjamin Netanyah, who rules out a ceasefire.
Speaker 2: We're joined now by Bloomberg's Ross Matheson in London Rods.
Speaker 2: There was a defiant presser from Benjamin Nettnjah who despite
Speaker 2: those calls for a ceasefire. What was the main message.
Speaker 12: Well, it seemed to be a twofold message from Benjamin
Speaker 12: naw who in that press conference yesterday. The first one,
Speaker 12: as you say, was to make clear that he's not
Speaker 12: interested in a ceasefire right now with Hamas. He just
Speaker 12: said the stakes are too high for Israel and the
Speaker 12: imperative to strike back is too large. But it was
Speaker 12: also about him sort of resetting the narrative a bit
Speaker 12: potentially about his own leadership in this minute, as you
Speaker 12: were noting, he's been under pressure since the October seventh
Speaker 12: attack by Hamas. But the failure of Israel's intelligence services
Speaker 12: security services to see this coming, or certainly at least
Speaker 12: to ward it off from coming. And he has blamed
Speaker 12: others for that and was forced to apologize and retract
Speaker 12: a tweet that he did on it. And he was
Speaker 12: out there yesterday saying I'm here, I'm leading, I'm still
Speaker 12: in charge. In fact, he said I had to cool
Speaker 12: an end to the press conference so he could go
Speaker 12: off and, as he said, lead in this minute very
Speaker 12: much about sending a message that he's nowhere near resigning.
Speaker 12: In fact, he was asked in the press conference if
Speaker 12: he would resign. The answer was a resounding no. He
Speaker 12: was not going to resign. So it's about also his
Speaker 12: own personal leadership, and this minute.
Speaker 2: Is his popularity diminishing, however.
Speaker 12: It is, and it seems to be there's sort of
Speaker 12: popular opinion on that. You can certainly see the tide
Speaker 12: on social media and some of the local media, also
Speaker 12: the opposition, but also more importantly senior figures in his
Speaker 12: so called unity government. Of course, he brought in other parties,
Speaker 12: other political figures in that moment, including Benny Gantz. He's
Speaker 12: been a key figure previously, and he's been quite critical
Speaker 12: of Nahu publicly overall of this, So it's not just
Speaker 12: sort of the public spirits. Also we're hearing senior figures
Speaker 12: in the security establishment, in the military, and in BB's
Speaker 12: own current Unity government, who are quite upset about some
Speaker 12: of the comments that he's made. Whether that leads to
Speaker 12: anything in the short term is unlikely. Right now, Israel
Speaker 12: is more focused on the war in Gaza, the war
Speaker 12: against Hamas, But in the longer term it is raising
Speaker 12: those further questions about his longevity as political leader.
Speaker 2: How much is this conflict spilling into other parts of
Speaker 2: the Middle East. What are more signs that you're seeing.
Speaker 12: Well, we're not saying that broad obviously, that the broad
Speaker 12: worry is that it becomes a Middle East wide conflict,
Speaker 12: but we are seeing seepitch in a way into other areas.
Speaker 12: So we're seeing Israel heating targets in Lebanon and Syria overnight.
Speaker 12: We're seeing Lebanon warning a short time ago that things
Speaker 12: could be escalating. Of course, Lebanon itself doesn't have a
Speaker 12: lot of control over Hesbella, that's the Iranian Bat militia
Speaker 12: that's operating there. It doesn't really have the ability to
Speaker 12: rain hesbelar In, but certainly Lebanon is worried about it
Speaker 12: and the knock on effect on its own country and
Speaker 12: the fact that things also seem to be spilling into Syria,
Speaker 12: where you've got a lot of Arani back malicious operating
Speaker 12: also does suggest that those concerns are real about the
Speaker 12: conflict escalating. And we know they've being attacked to and
Speaker 12: fro involving militia in Syria. They're also striking US soldiers
Speaker 12: at bases in places like Syria and Iraq. So you're
Speaker 12: seeing that escalation in activity involving Syria and Lebanon, at
Speaker 12: least those groups that are operating there. Thankfully now for
Speaker 12: now that you're still not seeing the sense that it's
Speaker 12: turning into a full scale regional conflict.
Speaker 2: Has there been more progress with increased humanitarian aid?
Speaker 12: It's been very limited. Again, a lot of calls obviously
Speaker 12: for aid to increase, many expressions of concern about the
Speaker 12: situation there, but still the trucks are only trickling in
Speaker 12: despite all those conversations and efforts that Israel's pledged to
Speaker 12: try and increase the aid flow, but there's no tangibles
Speaker 12: sign that that's really picking up. Meanwhile, the casualty rate
Speaker 12: inside Gaza is rising. The Hamas led administration there is
Speaker 12: now saying that eight three hundred people have been killed
Speaker 12: in Gaza, many of them children, and things are in
Speaker 12: a desperate state, including in the hospitals, So a lot
Speaker 12: of conversations around, a lots of conversations around. Can there
Speaker 12: be a pause in the fighting, But as of this morning,
Speaker 12: the flow of humanitarian health into Gaza is still very small.
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