WEBVTT - UN Criticizes Israel; US House Has 4th Speaker Nominee

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 3>We begin with the latest developments in Israel, as diplomatic

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<v Speaker 3>efforts continue to try to avert a wider Middle East war.

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<v Speaker 3>Israel's ambassador to the United Nations is calling on the

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<v Speaker 3>head of the UN to resign. That demand came after

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<v Speaker 3>Secretary General Antonio Guterra's speech at a Security Council meeting.

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<v Speaker 4>I have condemned an equivocally the horrifying and unprecedented seven

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<v Speaker 4>October acts of terror Bayhamas in Israel. Nothing can justify

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<v Speaker 4>the deliberate killing, injuring, and kidnapping of civilians, or the

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<v Speaker 4>launching of rockets against civilian targets. It is important to

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<v Speaker 4>also recognize the attacks by Amas did not happen in

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<v Speaker 4>a vacuum. The Palestinian people have been subjected to fifty

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<v Speaker 4>six years of suffocating occupation.

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<v Speaker 3>Antonio Guterrez's remarks led to a sharp rebuke from Israeli

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<v Speaker 3>UN ambassador Galadoda on.

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<v Speaker 5>The UN is failing a new mister, Secretary General, have

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<v Speaker 5>lost all morality and impartiality when you say those terrible

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<v Speaker 5>words that these heinous attacks did not happen in a vacuum.

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<v Speaker 5>You are tolerating terrorism.

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<v Speaker 3>And along with those remarks from Israel's UN ambassador, Israeli

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<v Speaker 3>Foreign Minister Eli Cohen has now canceled a meeting with

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<v Speaker 3>the UN Secretary General.

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<v Speaker 2>Well Nathan Beck.

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<v Speaker 6>Here.

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<v Speaker 2>In the US House, Republicans wound up having to elect

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<v Speaker 2>two nominees for House Speaker back to back yesterday, and

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<v Speaker 2>Bloomberg's Amy Morris explains from Washington.

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<v Speaker 7>Hours after he won the Republican Party nod for speaker.

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<v Speaker 7>House majority whip Tom Emmer dropped his bid. While he

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<v Speaker 7>did get a majority of votes from his fellow Republicans

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<v Speaker 7>to become the nominee, he faced opposition from a faction

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<v Speaker 7>that considers him to moderate, including former President Trump, who

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<v Speaker 7>called him a rhino globalist.

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<v Speaker 8>We have four or five, the warriors.

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<v Speaker 7>The smart, and the lover Trump ally Mike Johnson of

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<v Speaker 7>Louisiana is now the latest nominee for Speaker of the House.

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<v Speaker 7>Republicans plan a vote on the House floor today at noon.

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<v Speaker 7>The House cannot act on anything until a new speaker

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<v Speaker 7>is elected. In Washington. I'm Amy Moore as Bloomberg Radio.

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<v Speaker 3>Okay, meye, thanks another been a couple key developments in

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<v Speaker 3>two of the legal cases against former President Trump. Bloomberg

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<v Speaker 3>News has learned that Mark Meadows, former White House Chief

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<v Speaker 3>of Staff, has been granted immunity in Special Council Jack

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<v Speaker 3>Smith's federal election interference probe. Meadows told a grand jury

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<v Speaker 3>that he repeatedly told the former president his election fraud

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<v Speaker 3>claims were baseless. Word of meadows immunity came hours after

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<v Speaker 3>one of Trump's former attorneys, Jenna Ellis, pleaded guilty in

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<v Speaker 3>the election interference case in Georgia.

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<v Speaker 2>I believe in and I value election integrity. If I

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<v Speaker 2>knew then what I know now, I would have declined

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<v Speaker 2>to represent Donald Trump.

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<v Speaker 3>Jenna Ellis is the third attorney and fourth defendant overall

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<v Speaker 3>to take a plea in the case. Under her deal,

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<v Speaker 3>she has agreed to cooperate with Fulton County prosecutors and

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<v Speaker 3>could testify against the former president.

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<v Speaker 2>Well Nathan, we turned to the markets now and big

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<v Speaker 2>tech and focus following earnings from two giants. To begin with,

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<v Speaker 2>Microsoft and shares are out more than three and a

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<v Speaker 2>half percent in early trading, the company posting its strung

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<v Speaker 2>at sales increase in six quarters. We get the details

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<v Speaker 2>from Bloomberg's Charlie Pellett.

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<v Speaker 9>Microsoft was bolstered by recovering cloud computing growth amid demand

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<v Speaker 9>for new AI products that are prompting corporate customers to

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<v Speaker 9>shift back into spending mode. Revenue in the fiscal first

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<v Speaker 9>quarter rows thirteen percent to fifty six point five billion dollars.

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<v Speaker 9>CEO Sancha Nadella is revamping the company's entire product suite,

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<v Speaker 9>including office, Windows, search, and security software, to add features

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<v Speaker 9>based on open AI technology. In New York, Charlie Pellett Bloomberg.

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<v Speaker 3>Radio, Okay, Charlie, thanks, And then there's Alphabet. Those shares

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<v Speaker 3>are down six and a half percent. We get a

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<v Speaker 3>recap of that earnings report from Bloomberg technology reporter at

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<v Speaker 3>Ludlow in San Francisco.

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<v Speaker 10>ALTHOUGHLPHA bet beat top and bottom line on all of

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<v Speaker 10>its other divisions, there was strength in search, advertising stabilization

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<v Speaker 10>and resilience in YouTube ads as well. There's still this

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<v Speaker 10>concern that cloud is really central to Google's future growth,

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<v Speaker 10>and in that area of cloud it's still is a

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<v Speaker 10>distant third behind Amazon Aws and Microsoft Azure.

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<v Speaker 3>Bloomberg's Ed Ludlow reports Alphabet's cloud unit sales had been

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<v Speaker 3>affected by some customers cost cutting well, Nathan.

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<v Speaker 2>Big Tech earnings continue this afternoon when Meta Platforms, the

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<v Speaker 2>owner of Facebook and Instagram, reports we get a preview

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<v Speaker 2>with Bloomberg's Tom Busby.

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<v Speaker 11>Investors will be looking for a rebound in digital advertising,

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<v Speaker 11>which may have seen a boost from its short video

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<v Speaker 11>TikTok knockoff called Reels. Also any benefits from new products

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<v Speaker 11>and services. After the social media giant's heavy investment in

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<v Speaker 11>artificial intelligence, it's pushed into virtual reality technology, though expected

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<v Speaker 11>to show even more losses. Look for adjusted earnings of

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<v Speaker 11>three dollars sixty cents a share revenue of thirty three

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<v Speaker 11>point five two billion dollars Tom Busby, Bloomberg Radio.

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<v Speaker 3>Okay, Tom thanks Now. Earnings out of Europe. Shares of

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<v Speaker 3>Deutsche banker up six and a half percent. That bank

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<v Speaker 3>plans to accelerate payouts to shareholders after higher income from

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<v Speaker 3>its corporate bank and deposit inflows offset weaker training in

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<v Speaker 3>the third quarter. Chief financial officer James von Molka says

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<v Speaker 3>Deutsch is trying to rein in costs.

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<v Speaker 12>We're working sort of every day on cost reduction measures,

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<v Speaker 12>which at the very least should offset the impact of

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<v Speaker 12>inflation and also allow us to invest in the businesses

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<v Speaker 12>with our own resources.

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<v Speaker 3>Deutsche Bank CFO James von Molka says revenue rose about

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<v Speaker 3>three percent from a year earlier.

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<v Speaker 1>This is Bloomberg, all right, Nathan, Thanks.

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<v Speaker 2>It is time now for a look at some of

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<v Speaker 2>the other stories making news around the world. For that,

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<v Speaker 2>we're joined by Bloomberg's Amy Morris.

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<v Speaker 11>Amy.

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<v Speaker 7>Good morning, Good morning Karen. Former President Donald Trump and

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<v Speaker 7>his attorney Michael Cohen where both in a Manhattan courtroom

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<v Speaker 7>for Trump's civil fraud trial. Cohen was Trump's longtime attorney

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<v Speaker 7>before their relationship turned bitter. He testified against Donald Trump.

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<v Speaker 9>This is not about Donald Trump versus Michael Cohen or

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<v Speaker 9>Michael Cohen versus Donald Trump. This is about accountability.

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<v Speaker 7>New York State Attorney General Letitia James is accusing Trump

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<v Speaker 7>of overvaluing his properties to get better loan deals. Trump

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<v Speaker 7>says the case is politically motivated. Forty one states and

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<v Speaker 7>the District of Columbia have joined a lawsuit against Meta.

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<v Speaker 7>The social media giant is accused of deliberately designing features

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<v Speaker 7>for Facebook and Instagram that get kids and teenagers hooked.

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<v Speaker 7>Doctor Delaney Rustin as a Stanford trained physician who examined

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<v Speaker 7>teens and social media for her documentary Screenager's Trilogy.

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<v Speaker 6>The focus is really on how Meta has designed its

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<v Speaker 6>products to be as addicting as possible.

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<v Speaker 7>The lawsuits are the result of a year's long, sprawling

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<v Speaker 7>investigation and to claims that Meta contributes to mental health

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<v Speaker 7>issues among young people. President Biden will be hosting Australia's

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<v Speaker 7>Prime Minister Anthony Albazini on Wednesday today, with a variety

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<v Speaker 7>of tech issues on the table. Bloomberg's Nancy Lions as

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<v Speaker 7>a preview.

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<v Speaker 6>White House National Security Spokesman John Kirby says some of

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<v Speaker 6>the topics include artificial intelligence, clean energy, critical minerals, as

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<v Speaker 6>well as a new space agreement. President's looking forward to

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<v Speaker 6>the state visit.

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<v Speaker 13>There is an awful lot on the plate with this

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<v Speaker 13>important ally and key partner in the region.

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<v Speaker 6>Kirby says. They'll also talk about the new Aucus Trilateral

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<v Speaker 6>Security Pact between Australia, the United Kingdom and the US.

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<v Speaker 6>Some have complained about the slow implementation of that pact.

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<v Speaker 6>In Washington, Nancy Lions Bloomberg Radio.

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<v Speaker 7>Category five Hurricane Otis has made landfall near Acapulco, Mexico

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<v Speaker 7>early this morning. Maximum sustained winds are estimated to be

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<v Speaker 7>one hundred and sixty five miles per hour. Forecaster is

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<v Speaker 7>one of a nightmare scenario as the storm threatens catastrophic damage.

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<v Speaker 7>Alkapulco is home to roughly eight hundred thousand people, and

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<v Speaker 7>the World Series is set Texas Rangers versus the Arizona Diamondbacks.

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<v Speaker 7>Global news twenty four hours a day and whenever you

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<v Speaker 7>want it with Bloomberg News Now. I'm Amy Morris and

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<v Speaker 7>this is Bloomberg Karen.

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<v Speaker 2>All right, Amy, thank you well. We do bring you

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<v Speaker 2>news throughout the day here on Bloomberg Radio Now. You

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<v Speaker 2>can get the latest news on demand whenever you want it.

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<v Speaker 2>Subscribe to Bloomberg News Now to get the latest headlines

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<v Speaker 2>at the click of a button. Get informed on your schedule.

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<v Speaker 2>You can listen and subscribe to Bloomberg News Now on

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<v Speaker 2>the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,

0:08:35.880 --> 0:08:43.280
<v Speaker 2>and anywhere else you get your podcasts. And it's time

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<v Speaker 2>now for the Bloomberg Sports Update. For all the details,

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<v Speaker 2>we bring in John stash Hour, John Karn.

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<v Speaker 8>They've been playing the World Series for one hundred and

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<v Speaker 8>twenty years This year's Fall Classic begins on Friday, and

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<v Speaker 8>it's perhaps the most unlikeliest matchup in World Series history.

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<v Speaker 8>It's the Texas Rangers against the Arizona Diamondbacks. No one

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<v Speaker 8>expected this. The Diamondbacks only won eighty four games. They

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<v Speaker 8>only got into the playoffs because MLB expanded the postseason

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<v Speaker 8>a few years ago. They swept the Brewers, they swept

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<v Speaker 8>the heavily favorite Dodgers, and they came back from a

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<v Speaker 8>two to nothing deficit of the National League Championship Series.

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<v Speaker 8>They won Game seven last night in Philadelphia, four to two.

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<v Speaker 8>Their manager is Tory Leavello.

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<v Speaker 13>When it finally happened and I saw the flaball go up,

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<v Speaker 13>it was a pree four feeling. We're adrenaline junkies. You know,

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<v Speaker 13>it's in and out of that of that moment, and

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<v Speaker 13>when it hits a high and you feel it, it's

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<v Speaker 13>a flush through your body and it gets no better.

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<v Speaker 8>Corbyn Carroll, the rookie afield the three hits, two runs,

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<v Speaker 8>two RBIs The Phillies only had eleven hits over the

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<v Speaker 8>last two games of the series. They had no hits

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<v Speaker 8>over the last four innings last night. Also from Baseball,

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<v Speaker 8>Bob Melvin leaving the Pandres. He's the new manager of

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<v Speaker 8>the Giants. He's a San Francisco native who managed in

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<v Speaker 8>the Bay Area with Oakland for a decade. Opening Night

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<v Speaker 8>in the end, Denver Nuggets won the championship last year.

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<v Speaker 8>Opened up beating the Lakers one nineteen one oh seven

0:10:05.720 --> 0:10:08.840
<v Speaker 8>triple double for Nakola Jokic. Phoenix's first game on a

0:10:08.840 --> 0:10:11.480
<v Speaker 8>new coach, Frank Vogel the Suns one at Golden State

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<v Speaker 8>one O eight to one oh four. Devin Booker stored

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<v Speaker 8>thirty two. John stash Aller Bloomberg Sports.

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<v Speaker 14>From coast to coast, from New York to San Francisco,

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<v Speaker 14>Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg

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<v Speaker 14>Business app in Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning. I'm Nathan Hager. It has now been three

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<v Speaker 3>weeks since the House voted out Kevin McCarthy is its speaker. Today,

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<v Speaker 3>Republicans are putting up their fourth nominee, helping a Trump ally,

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<v Speaker 3>Mike Johnson of Louisiana, breaks the deadlock that has paralyzed Congress.

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<v Speaker 3>That's as the former president faces new pressure in a

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<v Speaker 3>couple of the half dozen legal cases against him, lots

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<v Speaker 3>to get to this morning with Greg Valier, Chief US

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<v Speaker 3>Policy stre just at AGF Investments, and Greg is with me.

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<v Speaker 5>Now.

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<v Speaker 3>I'm reminded of that old saying about trying the same

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<v Speaker 3>thing over and over again and expecting a different result.

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<v Speaker 3>What should we expect from this latest nominee on the

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<v Speaker 3>House floor?

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<v Speaker 15>Greg, Yeah, the definition of insanity, Nathan. They keep trying this.

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<v Speaker 15>This fellow Mike Johnson, who nobody's ever heard of, has

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<v Speaker 15>a chance. He's popular within the party. He could come close,

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<v Speaker 15>but he can only afford to lose four or five votes,

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<v Speaker 15>and he's an uphill battle. This could drag on, and

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<v Speaker 15>it's a serious story. If you want to see aid

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<v Speaker 15>for Israel, or aid for Ukraine or something for the

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<v Speaker 15>US southern border, everything's frozen right now.

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<v Speaker 3>What gives Mike Johnson the chance that Tom Emmer, Steve Scalise,

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<v Speaker 3>Jim Jordan didn't have?

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<v Speaker 15>Well in a word or two, Donald Trump, I think

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<v Speaker 15>Trump would probably support Johnson. Trump very outspoken against Tom

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<v Speaker 15>Emmer of Minnesota. In fact, Trump boasted yesterday that I

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<v Speaker 15>killed that nomination. Well, it sounds like Trump has a

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<v Speaker 15>veto power over House Republicans. But Trump is a supporter

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<v Speaker 15>of Mike Johnson.

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<v Speaker 3>Trump was also a supporter of Jim Jordan and has

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<v Speaker 3>been failed. So why could Mike Johnson do better this time?

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<v Speaker 15>I think he might have more a wider support. But

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<v Speaker 15>I've got to tell you there's one crazy wild card

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<v Speaker 15>that emerged late yesterday, and that would be to reinstate

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<v Speaker 15>Kevin McCarthy as speaker and make Jim Jordan assistant speaker.

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<v Speaker 15>I suppose crazier things have happened, but people were talking

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<v Speaker 15>about that late yesterday.

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<v Speaker 3>Before we get to that possibility, we do have to

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<v Speaker 3>get through an expected floor vote for Mike Johnson. As

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<v Speaker 3>you mentioned, he is a Trump ally, and we've also

0:12:55.120 --> 0:12:58.480
<v Speaker 3>been reporting in the past that he was a part

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<v Speaker 3>of the effort to return the twenty twenty election result.

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<v Speaker 3>What would a speaker Mike Johnson mean for the House

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<v Speaker 3>of Representatives.

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<v Speaker 15>Well, it polarizes things, obviously, to have somebody who is

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<v Speaker 15>a denier that Biden is actually a legitimate president. I

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<v Speaker 15>think that doesn't help you continue to alienate the Democrats

0:13:20.559 --> 0:13:24.559
<v Speaker 15>who are not interested in helping Republicans. But I suspect

0:13:24.559 --> 0:13:29.160
<v Speaker 15>in the final analysis, involvement of some Democrats as a possibility.

0:13:30.000 --> 0:13:35.360
<v Speaker 3>Okay, what about the possibility of government shut down? The

0:13:35.400 --> 0:13:38.200
<v Speaker 3>aid requests that President Biden has been looking for, not

0:13:38.360 --> 0:13:40.360
<v Speaker 3>just for foreign aid, but this report now from the

0:13:40.440 --> 0:13:44.840
<v Speaker 3>Washington Post that he's preparing a fifty billion dollars domestic

0:13:44.840 --> 0:13:46.080
<v Speaker 3>aid request to Congress.

0:13:46.720 --> 0:13:49.080
<v Speaker 15>Yeah, there's a lot of stake here. First of all,

0:13:49.120 --> 0:13:53.600
<v Speaker 15>aid to Israel and Ukraine, aid for the US border,

0:13:53.960 --> 0:13:57.640
<v Speaker 15>a budget which has a deadline of November seventeenth, and

0:13:57.720 --> 0:14:00.960
<v Speaker 15>now this news story that you cite the Washington Post.

0:14:01.720 --> 0:14:03.440
<v Speaker 15>You're not going to be able to get any of

0:14:03.440 --> 0:14:05.720
<v Speaker 15>this stuff done without a speaker.

0:14:06.520 --> 0:14:10.040
<v Speaker 3>You mentioned that President Trump may have veto power in

0:14:10.120 --> 0:14:14.640
<v Speaker 3>the House. He's facing new legal pressure now with this

0:14:15.320 --> 0:14:18.360
<v Speaker 3>new development that Mark Meadows, the former White House chief

0:14:18.360 --> 0:14:21.440
<v Speaker 3>of staff, has been granted immunity in the federal twenty

0:14:21.520 --> 0:14:25.960
<v Speaker 3>twenty election case. This seems like a pretty significant development.

0:14:25.560 --> 0:14:26.239
<v Speaker 7>Is it?

0:14:26.240 --> 0:14:26.320
<v Speaker 2>It?

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<v Speaker 15>Sure is, Nathan. The word of the week is flip flipping.

0:14:30.680 --> 0:14:34.280
<v Speaker 15>Are we going to see even more former Trump aids

0:14:34.640 --> 0:14:38.360
<v Speaker 15>flip and decide they're going to cooperate with investigators? We're

0:14:38.360 --> 0:14:41.360
<v Speaker 15>getting to a point where there's going to be an

0:14:41.440 --> 0:14:45.640
<v Speaker 15>avalanche of testimony against Trump. This has been a very

0:14:45.640 --> 0:14:46.800
<v Speaker 15>difficult week for him.

0:14:47.120 --> 0:14:51.360
<v Speaker 3>How significant could Mark Meadows testimony in particular be in

0:14:51.400 --> 0:14:54.080
<v Speaker 3>a special Council trial over the twenty twenty election.

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<v Speaker 15>It's huge. I mean, he knows where all the bodies

0:14:56.920 --> 0:15:01.840
<v Speaker 15>are buried, he knows what happened. He also may continue

0:15:01.880 --> 0:15:07.280
<v Speaker 15>to lead a domino effect where others cooperate, maybe even

0:15:07.360 --> 0:15:12.080
<v Speaker 15>Rudy Giuliani. So I think that Trump is facing his

0:15:12.240 --> 0:15:16.600
<v Speaker 15>greatest challenge and can't rule out Trump going to jail.

0:15:17.840 --> 0:15:22.840
<v Speaker 3>Wow, that's a really significant statement just there. But of course,

0:15:22.880 --> 0:15:25.800
<v Speaker 3>in our last thirty seconds, the former president has managed

0:15:25.840 --> 0:15:30.000
<v Speaker 3>to turn all these legal battles to his political advantage.

0:15:30.040 --> 0:15:32.080
<v Speaker 3>Can he continue to do so?

0:15:32.160 --> 0:15:35.280
<v Speaker 15>He's a master at delaying and delaying and delaying. He

0:15:35.320 --> 0:15:39.240
<v Speaker 15>could delay even further. But I do think this is

0:15:39.280 --> 0:15:43.479
<v Speaker 15>an avalanche of testimony that is not going to help him.

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<v Speaker 1>This is Bloomberg Daybreak Today, your morning brief on the

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