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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Prisner.

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Speaker 1: Washington is ready to take additional steps to support Israel

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Speaker 1: in its fight with Hamas. The US has already sent

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Speaker 1: munitions and is providing intelligence support. Currently, Israel's retaliation on

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Speaker 1: Gaza has largely been in the form of air strikes.

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Speaker 1: Here's Bloomberg's Galite Alstein.

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Speaker 2: We're hearing from IDF spokespeople today that the focus now

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Speaker 2: is on aerial attacks over Gaza. They're speaking about unprecedented

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Speaker 2: attacks over the past on thirty six hours that are

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Speaker 2: taking place by rounds. Every four hours they go to

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Speaker 2: strike different target.

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Speaker 1: That is Bloomberg's Galite Alstein. Now, by the way, the

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Speaker 1: combined death toll from this war has right now approached

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Speaker 1: about two thousand. Secretary of State Anthony Blinken will travel

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Speaker 1: to Israel this week in a show of solidarity and support.

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Speaker 1: State Department spokesperson Matthew Miller said that Blinken wants to

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Speaker 1: hear from them directly about what they need and how

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Speaker 1: to support them. Miller also said Iran likely knew Hamas

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Speaker 1: was planning these attacks, but the US has not confirmed

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Speaker 1: Tehran was involved in the preparation. Earlier, we spoke with

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Speaker 1: a former US Ambassador to Bahrain, Adam Arelli, on what

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Speaker 1: might be the next steps for Iran.

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Speaker 3: The decision on where this goes, frankly, is in Tehran.

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Speaker 3: They can either decide to sort of let it play out,

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Speaker 3: let the Israelis do what they want as they've done

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Speaker 3: in the past, or they can decide to take it

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Speaker 3: up a notch. And if they do, you know, we've

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Speaker 3: made it clear that we're prepared to respond in defense

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Speaker 3: of Israel, and it would have wide ranging consequences for

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Speaker 3: a variety of parties that are not directly involved in

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Speaker 3: the conflict, particularly in Asia.

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Speaker 1: He is Adam Arelli, the former US Ambassador to bah Rain.

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Speaker 1: In New York, the on again, off again girlfriend of

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Speaker 1: Sam Bankman Free took the witness stand today and the

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Speaker 1: trial of the FTX co founder here is Bloomberg Shanali Basik.

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Speaker 4: We know that Caroline Ellison, who has been a pivotal

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Speaker 4: witness both for the sake of the prosecution as well

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Speaker 4: as someone who's come up in the sake of the defense.

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Speaker 4: She has come up and immediately said, yes, we did

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Speaker 4: commit crimes. Sam and I and others and She said

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Speaker 4: that Sam magman Fried directed her as the CEO of Alameda,

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Speaker 4: to commit those crimes. She said, we ultimately took around

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Speaker 4: fourteen billion dollars, some of which we were able to

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Speaker 4: pay back. She said that Alameda took several billion dollars

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Speaker 4: from FTX customers and used it for its own investments

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Speaker 4: and to pay off lenders.

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Speaker 1: That is Bloomberg Shanali Bostick. US treasury yields down today

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Speaker 1: in the New York session following some dubvish FED speak.

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Speaker 1: Here's the head of the Atlanta Fed, Raphael Bostick.

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Speaker 5: I think that our policy rate is a sufficiently restrictive

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Speaker 5: position to get inflation down to two percent. Actually, don't

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Speaker 5: think we need to increase rates anymore.

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Speaker 1: That is Rafael Bostick, the head of the Atlanta FED.

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Speaker 1: We also heard today from the head of the Mini

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Speaker 1: Applis FED, Neil Cashkari. He was saying it's possible that

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Speaker 1: rising yields may mean the FED has to do less. However,

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Speaker 1: he thinks the Fed's rate outlook is unclear. Meantime, the

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Speaker 1: International Monetary Fund says global growth will weaken this year.

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Speaker 1: We heard earlier from the chief economist of the IMF

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Speaker 1: Pierre Olivier gornchas.

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Speaker 6: Growth remains slow and uneven. The global economy is limping along,

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Speaker 6: not sprinting. Under our baseline forecast, growth will slow from

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Speaker 6: three point five percent last year to three percent this

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Speaker 6: year and two point nine percent next year, a zero

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Speaker 6: point one percentage point downgrade for twenty twenty four.

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Speaker 1: That is Pierre Olivier gornchas, the chief economist of the

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Speaker 1: International Monetary Fund. By the way, the IMS also said

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Speaker 1: consumer prices next year could increase globally from the current

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Speaker 1: level of five point two percent up to five point

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Speaker 1: eight percent, and the IMF is calling as a result

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Speaker 1: of that, on central banks to keep policy tight until

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Speaker 1: there is a durable easing in price pressures. We go

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Speaker 1: to China next, where Beijing is said to be looking

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Speaker 1: at new stimulus for the economy, and we're told the

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Speaker 1: government may raise its budget deficit this year to finance it.

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Speaker 1: Here is Bloomberg's averl Hong.

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Speaker 7: We hear policymakers are considering issuing at least one hundred

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Speaker 7: and thirty seven billion dollars of additional sovereign debt for

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Speaker 7: spending on infrastructure. That could raise this year's budget deficit

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Speaker 7: to well above the three percent cap set back in March.

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Speaker 7: The discussions would mark a shift in beijing stance. Up

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Speaker 7: until now, the government has avoided broader fiscal stimulus. Source

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Speaker 7: to say an announcement may come as early as this month.

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Speaker 1: That's Bloomberg's Averril Hong and that is news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Doug Prisoner, and

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Speaker 1: this is Bloomberg