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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: Good morning, I'm John Tucker and.

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Speaker 1: I'm Karen Moscow. Here are the stories we're following today.

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Speaker 2: Karen, we begin with the latest developments in the Middle East.

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Speaker 2: President Biden looks to deter Israel from any attack that

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Speaker 2: includes Iran's nuclear sites as the country seeks for retaliation

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Speaker 2: for Iran's recent missile barrage. Let's get the very latest

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Speaker 2: from Bloomberg's Ed Baxter.

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Speaker 3: Prime Minister Benjamin Nett Yahoo has vowed a powerful retribution

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Speaker 3: attack and is getting pressure from some Israeli politicians to

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Speaker 3: really ramp it up. President Biden asked whether he would

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Speaker 3: support that.

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Speaker 4: Yeah, no, and I think there's things that we'll be

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Speaker 4: discussed with the Israelis what.

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Speaker 3: They're going to do. But at all seven of us

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Speaker 3: three that David Writer's spot. He says, all members of

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Speaker 3: the G seven would prefer that had come in the

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Speaker 3: form of sanctions first. The comments are meant to reign

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Speaker 3: in is something that has not been successful in the past.

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Speaker 3: Ed Baxter, Bloomberg Radio.

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Speaker 1: All right, and thanks well. As Israel's government considers when

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Speaker 1: and how it might strike Iran, Bloombergy's Dana krez says,

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Speaker 1: it's unclear what type of response is. Rarely officials are discussing.

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Speaker 5: But what we know is that there are several targets

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Speaker 5: that they can go after. Right you have the oil installations,

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Speaker 5: you have Iranian leaders in some covert operation they did.

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Speaker 5: Israeli did prove they can reach the Haran when they

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Speaker 5: killed smile Heni right there. But what is clear is

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Speaker 5: that Israel has committed itself to this retaliation and now

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Speaker 5: we're yet again in the region on edge as we

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Speaker 5: wait for that.

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Speaker 1: Of course, bloombergy Stana Kreze says, overnight Israel bombed to

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Speaker 1: Lebanon's capital of Beirut. It comes after eight of its

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Speaker 1: soldiers who are killed fighting in southern Lebanon where it's

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Speaker 1: engaged with a conflict with the Iran backed militant group

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Speaker 1: has below and all.

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Speaker 2: The wildcare on the possibility of a wider Middle East

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Speaker 2: conflict extending oil's rally. Option show investors betting prices will

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Speaker 2: rise further as we check CRUD. Right now, broncrwe the

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Speaker 2: international benchmark of about eight tenths ofver percent at seventy

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Speaker 2: four fifty one at barrel.

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Speaker 1: Well Don President Biden's also managing crises back at home.

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Speaker 1: The President's ratcheting up pressure on US board employers and

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Speaker 1: shipping lines to restart talks with striking dock workers. Biden's

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Speaker 1: warning of dire consequences of a prolonged work stoppage.

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Speaker 4: This doctor was asking incredibly consequential.

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Speaker 6: The last thing we read on top of that is

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Speaker 6: a man made disaster.

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Speaker 7: And what's going on with the ports.

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Speaker 6: We're getting pushed back already. We're hearing from the folks

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Speaker 6: recently like.

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Speaker 8: Having trouble getting product they need because of the court striking.

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Speaker 1: President Biden's back the position of the International Longshoreman Association,

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Speaker 1: saying cargo handlers deserve a larger share of profits. Both

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Speaker 1: twenty twenty four presidential candidates Donald Trump and Vice President

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Speaker 1: Kamala Harris also blamed shipping companies.

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Speaker 2: And President Biden's also managing the federal response to dan

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Speaker 2: inflicted by Hurricane Helene. Biden and Harris separately toured the

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Speaker 2: southeast region of the US. The President traveling to the

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Speaker 2: Carolinas and will visit Florida and Georgia today. Vice President

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Speaker 2: Harris will visit North Carolina. Donald Trump visited Georgia and

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Speaker 2: criticized Harris and Biden's response, but Republican governors whose states

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Speaker 2: were affected have actually praised the administration's response so far.

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Speaker 1: Meanwhile, John in the nation's capital, the Justice Departments filed

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Speaker 1: a comprehensive narrative arguing that Donald Trump should face prosecution

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Speaker 1: for his efforts to overturn the twenty twenty election, regardless

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Speaker 1: of the Supreme Court's ruling on presidential immunity and Bloomberg's

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Speaker 1: Amy Morris has more from Washington.

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Speaker 9: It is a one hundred and sixty five page document.

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Speaker 9: It has some redactions in it. Prosecutors argue that Trump

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Speaker 9: should not be protected by presidential immunity because he engaged

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Speaker 9: in quote, criminal conduct as a private citizen when he

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Speaker 9: and co conspirators pursued multiple criminal means to disrupt the

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Speaker 9: twenty twenty presidential election. Prosecutors say they would call swing

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Speaker 9: state election officials to testify about the falsity of Trump's

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Speaker 9: fraud claims, and they would introduce the contents of Trump's

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Speaker 9: iPhone and tweets that the government contends were unofficial from

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Speaker 9: Trump's account. Trump's lawyers have until October seventeenth to respond.

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Speaker 9: In Washington, Amy Morris Bloomberg Radio, all right now.

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Speaker 2: Thanks Amy. Turning to Tech Now and historic round of

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Speaker 2: funding for open Ai, Bloomberg Santa Bell Droolers says the

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Speaker 2: artificial intelligence giant raised six point six billion dollars in

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Speaker 2: its latest funding ground, making it one of the largest

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Speaker 2: venture backed startups in the world.

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Speaker 10: You're talking and putting it alongside SpaceX, for instance, TikTok

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Speaker 10: owner bidents, but the tech industry really believes in the

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Speaker 10: power of AI. So it was led by the latest

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Speaker 10: round by Thrive Capital. They tipped in around one point

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Speaker 10: three billion dollars. Microsoftware hearing, which is the biggest back

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Speaker 10: of to date about seven hundred and fifty million dollars.

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Speaker 2: Bloomberg Santa Bell Droolers says the funding ground values the

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Speaker 2: company at one one hundred and fifty seven billion dollars.

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Speaker 2: Open Ai says it will use the cash to drive

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Speaker 2: forward AI research and increase computing capacity.

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Speaker 1: Well John returns of Markets Now and Global Equities are

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Speaker 1: on course for their first weekly loss over the past

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Speaker 1: four weeks, and mad geopolitical uncertainty and unclear signals from

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Speaker 1: Fed officials about interest rate cuts. Traders are digesting recent

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Speaker 1: comments from Richmond FED President Thomas Barkin, who noted progress

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Speaker 1: on inflation but says the FED can't declare victory just yet.

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Speaker 1: It comes as investors anticipate a critical data point tomorrow,

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Speaker 1: the September JOMPS report, which could give clarity as to

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Speaker 1: whether the labor market is weakening and the FED needs

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Speaker 1: to ease further.

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Speaker 2: Still, a lot of traders remain bullishcaring Golden Sachs Managing

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Speaker 2: director Scott Rubner wrote in a note to clients that

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Speaker 2: he believes the US equity rally will take off at

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Speaker 2: the end of October at Worries's high end. To NS

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Speaker 2: and P target of six thousand year end might be

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Speaker 2: too low, and I fill Palumbo with Columbo Wealth Management

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Speaker 2: tells Bloomberg there's two reasons why stocks could rally through

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Speaker 2: this year.

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Speaker 8: Number one, the FED is now accommodative. A lot of

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Speaker 8: people trying to get twenty five based points, fifty base

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Speaker 8: points this year, one hundred and two hundred next year.

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Speaker 8: That's really a waste of time. The only thing that

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Speaker 8: we really need to understand is the Fed is being

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Speaker 8: accommodative and in earnings are anticipated to grow about nine

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Speaker 8: percent this year next year twelve to thirteen. Those are

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Speaker 8: reasons why you want to be positive on the equity market.

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Speaker 8: You just have to watch the consumer.

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Speaker 2: Columba with Columbo Wealth Management also expects to the market

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Speaker 2: abroad now, with stocks outside the Magnificent seven growing over

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Speaker 2: the next couple of years well.

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Speaker 1: Interest rates are also in focus in Europe. John, following

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Speaker 1: comments from Bank of England Governor Andrew Bailey and Bloomberg's

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Speaker 1: Yuan Potts, joins us from London with the latest good

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Speaker 1: morning you.

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Speaker 11: In Carol and John traders this morning, adding to bets

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Speaker 11: on more rate cuts from the Bank of England. Speaking

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Speaker 11: to The Guardian newspaper, Governor Andrew Batty said he was

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Speaker 11: encouraged by price pressures not being as persistent as fit.

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Speaker 11: Batty said the UK Central Bank could become quote a

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Speaker 11: it's a bit more aggressive and a bit more activist

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Speaker 11: in its approach to cussing interest rates, the pound sliding

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Speaker 11: on the comments in London, I'm Unepotspinberg Radio, all.

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Speaker 2: Right, thanks Ewan, And finally a note from the sports world.

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Speaker 2: Miami Dolphins owner Stephen ross In advanced talks with private

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Speaker 2: equity firm Ars Management and billionaire Joe Si to sell

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Speaker 2: steaks in the NFL team and other assets. People familiar

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Speaker 2: with the matter telling Bloomberg it could be valued at

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Speaker 2: eight point one billion dollars. Sources add that day, as

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Speaker 2: part of the agreement, ours will purchase a ten percent

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Speaker 2: stake in the properties, including hard Rock Stadium and f

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Speaker 2: Ones Miami Grand Prix.

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Speaker 1: But it is time now for a look at some

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Speaker 1: of the other stories making news in New York and

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Speaker 1: around the world, and for that we're joined by Bloomberg's

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Speaker 1: Michael Barr Michael, good Morning.

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Speaker 12: Good Morning. Care and security is tied around temples across

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Speaker 12: the country as Jewish community is gathered for Rashashana in Pittsburgh.

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Speaker 12: Director of Munity Security for the Jewish Federation Sean Brocos

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Speaker 12: says they're always on heightened alert during the holidays, but

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Speaker 12: this year is different. Coming off the October seventh terror

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Speaker 12: attacks and the daily exchange of missiles in the Middle East.

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Speaker 13: We are in a heightened threat environment. We've seen that

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Speaker 13: here in the city, and we have had a lot

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Speaker 13: more extensive planning and preparation with our law enforcement partners

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Speaker 13: and community leaders.

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Speaker 12: In New York City. The NYPD is beefing up patrols

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Speaker 12: around synagogues as well. A man slaughter trial begins today

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Speaker 12: for Daniel Penny, the white marine veteran who choked Jordan

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Speaker 12: Neely to death on a New York City subway. Car

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Speaker 12: Neely's family says the black thirty year old was homeless

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Speaker 12: and facing mental health struggles. Penny's team says Neely was

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Speaker 12: aggressively threatening and that Penny was simply acting to protect himself.

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Speaker 12: Last year's deadly wildfire on Maui was caused by a

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Speaker 12: down utility poll that fire fighters thought they had extinguished.

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Speaker 12: That's the determination of a report released by the Maui

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Speaker 12: Fire Department and the US Bureau of Alcohol, Tobacco, Firearms

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Speaker 12: and Explosives ATF. Special Agent in charge Jonathan Blaze says

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Speaker 12: his agency is classifying the fire as accidental because.

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Speaker 6: Of an undetected smoldering event or rekindling.

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Speaker 14: The fire reignited in the afternoon, causing extreme devastation.

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Speaker 12: The wind whipped fire decimated the historic town of Lehina

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Speaker 12: in August of twenty twenty three and killed more than

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Speaker 12: one hundred people. A black Texas high school student who

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Speaker 12: was suspended over his hairstyle is back in federal court

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Speaker 12: hoping he can return to his school. Eighteen year old

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Speaker 12: Darryll George hopes a federal judge will allow him to

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Speaker 12: return to classes at Barber's Hill High School east of Houston.

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Speaker 12: He faced suspension last year and this year due to

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Speaker 12: the length of his dreadlocks, a violation of the dress code.

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Speaker 12: George's lawyer Ali Booker challenged the school ul's policy regarding

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Speaker 12: hair length.

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Speaker 6: You're gonna have to show us study set show.

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Speaker 9: That men whose hair grows below their eyebrows do not

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Speaker 9: learn at the same rate as females who have hair

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Speaker 9: that's below the eyebrows.

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Speaker 12: Lawyer Ali Booker says the controversy took an emotional toll

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Speaker 12: on George. Global News twenty four hours a day and

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Speaker 12: whenever you want it with the Bloomberg News. Now, I'm

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Speaker 12: Michael Barn. This is Bloomberg Karen.

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Speaker 1: All right, Michael Barr, thank you time now for the

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Speaker 1: Bloomberg Sports Report. It's brought to you by Tri State

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Speaker 1: OUTI and here's John Stashauer junkin Morning.

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Speaker 6: Good morning, Karen. Four Game two's in the wildcard round.

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Speaker 14: In three of the four, the team that won the

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Speaker 14: opening game finished the series, but not The Mets in Milwaukee,

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Speaker 14: they led three to one, three two. In the eighth inning,

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Speaker 14: they brought in philm may Ton. He was working for

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Speaker 14: the fourth time in five days. He gave up a

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Speaker 14: game time omrun to Jack Centurio, who had also homed earlier,

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Speaker 14: and two outs later Garrett Mitchell a pinchhit two run shot,

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Speaker 14: also off may Tom Mill Hockey won five to three.

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Speaker 6: Here was Mayton after the loss.

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Speaker 15: It's extremely frustrated rather giving that up in the regular

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Speaker 15: season game. But again, just went over looking over the iPad,

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Speaker 15: looking at the pitches. Overall, pretty happy with my pitch

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Speaker 15: selection execution. They'll bit too much play with some of them,

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Speaker 15: but I think it's just one of those situations where

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Speaker 15: they just beat me today and it's a little easier

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Speaker 15: to rest on that. Ultimately, we have to take care

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Speaker 15: of business tomorrow and.

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Speaker 14: Responsible Jose Kittanos fits very well of late. We'll start

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Speaker 14: for the Mets tonight, win their advances to play Philadelphia.

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Speaker 6: Padres beat the Braves five to four.

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Speaker 14: Scored all five in the second inning, Manny Machano to

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Speaker 14: run double, then a two run triple by Jackson Merrill,

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Speaker 14: so it'll be an all so cal NLDS Padres and Dodgers.

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Speaker 14: The Royals, who took Game one one to nothing one

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Speaker 14: Game two, two to one in Baltimore, second straight. The

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Speaker 14: year the Ools got swept in the Wildcard round. The

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Speaker 14: Tigers got to pinch it three run double from Andy

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Speaker 14: Evanya Is eighth inning for a five to two when

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Speaker 14: at Houston. That ends the Astros streak of seven straight

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Speaker 14: years going to the ALCSO in the Alds Royals.

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Speaker 6: Against the Yankees. Game one Saturn and the Bronx.

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Speaker 14: The Tigers now play Cleveland NFL WE five against tonight,

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Speaker 14: NFC South Bucks and Falcons in Atlanta. The Jets play

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Speaker 14: the four and oh Vikings Sunday in London. The Giants

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Speaker 14: go in the other direction. They'll be in Seattle, Maleek neighbors.

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Speaker 14: The Giants rookie Wine Out Sensation did not practice yesterday.

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Speaker 14: He's in concussion protocol. That Blockbuster next trade now official.

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Speaker 14: Julius Randall and Dante DiVincenzo to Minnesota.

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Speaker 6: Or Carl Anthony Towns. John Stashey were Bloomberg Sports karenon John.

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Speaker 4: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 4: and around the world on Bloomberg dot Com and the

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Speaker 4: Bloomberg Business app. This is Bloomberg DAYBREAKY.

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Speaker 2: Good morning, five fourteen on Wall Street. I'm John Tucker.

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Speaker 2: Israel's warplans von Bey route over night after eight of

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Speaker 2: its soldiers were killed in southern Lebanon Becausraeli government meantime

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Speaker 2: yet to retaliate for RAN's barrage of missiles Tuesday evening.

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Speaker 2: Let's find out more this morning, and I'm happy to

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Speaker 2: say we're joined by bloom News Middle East correspondent Jumani

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Speaker 2: percentI in Dubai. Good to talk to you. Let's begin

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Speaker 2: with what happened in Beirut overnight. Give us some of

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Speaker 2: the specifics.

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Speaker 7: Yeah, that's right. So this is actually the most active

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Speaker 7: front in the context of the broader regional conflict that's

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Speaker 7: going on here.

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Speaker 5: And we know since the beginning of.

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Speaker 7: The week that Israel has started these ground incursions on

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Speaker 7: the southern border of Lebanon. They have said that there're

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Speaker 7: is conducting targeted ground rates. Now alongside that, air strikes

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Speaker 7: have continued amongst areas around the suburbs of Beirut, the

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Speaker 7: eastern Bika, which is close to the Syrian border. More

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Speaker 7: fatalities have been recorded overnight and it seems as though

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Speaker 7: eight soldiers, eight Israeli soldiers were killed in clashes with Hesbala.

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Speaker 7: Three of those officers were captains. This was announced by

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Speaker 7: the IDF overnight and then this morning also hearing of

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Speaker 7: more than a dozen hes Bala fighters who were killed

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Speaker 7: as well. So what we're seeing in Lebanon right now

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Speaker 7: is conflict on the ground, but then a continuation of

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Speaker 7: the air strikes that started last week. And all of

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Speaker 7: this is part and parcel of the new war objective

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Speaker 7: that Israel introduced two weeks ago now and saying that

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Speaker 7: it was necessary for them to conduct this mission in

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Speaker 7: order to dislodge Hasbella from South Lebanon and to allow

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Speaker 7: residents of the north to return home.

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Speaker 2: Is Israel absolutely committed to retaliation for the ballistic missile

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Speaker 2: attack from Iran.

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Speaker 7: It most certainly is committed to the retaliation. It's a

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Speaker 7: question of when and if. You listen to all of

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Speaker 7: the political voices across all sides of the spectrum in Israel,

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Speaker 7: everyone is calling for the need to retaliate. Now, the

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Speaker 7: question is what is the reprisal going to look like?

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Speaker 7: A Couple of options being discussed, and of course we're

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Speaker 7: not privy to this information. This is just estimates based

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Speaker 7: on conversations that we've had. It could take several forms.

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Speaker 7: It could be of the form of targeting military infrastructure,

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Speaker 7: similar to what they did back in April, but then

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Speaker 7: it was a very targeted strike hitting an air battery

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Speaker 7: defense system. To take a one step further, there could

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Speaker 7: be more targeted strikes on individuals, and you will recall

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Speaker 7: is smile Hennie was killed in Tehran. Of course Israel

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Speaker 7: never accepted responsibility for that, but there could be more

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Speaker 7: covert operations. And then what other people have been talking

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Speaker 7: about as well is potential strikes on energy infrastructure, which

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Speaker 7: of course would send big shockwaves through the oil market,

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Speaker 7: but here as well, if they wanted to be precise,

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Speaker 7: Israel could target processing facilities, which would which produce gasoline

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Speaker 7: that's mainly intended for the domestic market. Here we're talking

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Speaker 7: about anything between three hundred thousand to four hundred thousand

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Speaker 7: barrels per day, so the global impact of that wouldn't

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Speaker 7: be as large as taking out Iran's full export capacity.

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Speaker 5: And then the final and.

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Speaker 7: If I say nuclear option is quite literally the nuclear

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Speaker 7: option is where Israel would target Iran's nuclear sites. The

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Speaker 7: US have expressed deep reservations about them doing that, and

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Speaker 7: just real.

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Speaker 2: Quick, those nuclear signs, the enrichment sites would be difficult

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Speaker 2: targets because they're basically under mountains, are they not?

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Speaker 7: That's exactly it. And so there are questions about whether

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Speaker 7: even Israel's military has the ability to sustain lasting damage

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Speaker 7: on some of these military sites, and whether they can

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Speaker 7: actually do it unilaterally without the help of the US,

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Speaker 7: which is why the US supports and this response is

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Speaker 7: going to be vital. But at the same time, there's

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Speaker 7: an election coming up, and you won't want to think

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Speaker 7: that President Biden, what's that on his leg of theme.

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