WEBVTT - Israel Hostage Latest; Jobs Report Friday

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>Good morning.

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<v Speaker 1>I'm Nathan Hager and I'm Karen Moscow. Here are the

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

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<v Speaker 2>Karen, we begin in Israel, where events continue to unfold

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<v Speaker 2>after six Israeli hostages were found shot dead in a

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<v Speaker 2>Gaza tunnel over the weekend. Prime Minister Benjamin Natuna, who

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<v Speaker 2>has responded with a defiant press conference saying Israel will

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<v Speaker 2>not meet Hamas's demands to give up control of the

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<v Speaker 2>border area between Gaza and Egypt.

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<v Speaker 3>I don't believe that either President Biden or anyone serious

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<v Speaker 3>about achieving peace and achieving the release would seriously ask

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<v Speaker 3>Israel Israel to make these concessions.

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<v Speaker 2>We've already made them, Israeli Prime Minister Natunyah, who is

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<v Speaker 2>also apologizing to the bereaved families. He says the nation

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<v Speaker 2>must maintain permanent control over the Philadelphi Quarter. He's accusing

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<v Speaker 2>Hamas of using it to import arms that it's used

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<v Speaker 2>against Israel.

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<v Speaker 1>Meanwhile, Nathan, Israelis took part in labor strikes and nationwide

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<v Speaker 1>protests Sunday to try to force antan Yahoo's government to

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<v Speaker 1>agree to a cease fire and secure the release of hostages.

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<v Speaker 1>Many post offices and bank branches were closed, while the

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<v Speaker 1>country's main airport suspended some takeoffs, and a number of

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<v Speaker 1>shopping malls and high tech firms shut their offices as well.

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<v Speaker 1>They were the largest protests since the deadly invasion by

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<v Speaker 1>Hamas that set off the war last October.

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<v Speaker 2>Karen Netanyah, who is also feeling pressure from President Biden,

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<v Speaker 2>he says the prime Minister's not doing enough to reach

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<v Speaker 2>a deal. The President was asked if he has spoken

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<v Speaker 2>to Netayah, who about the negotiations where the.

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<v Speaker 4>Sting dustration not with him as mark College cover from US.

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<v Speaker 2>The President says he will speak with Israel's Prime minister eventually,

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<v Speaker 2>and he promised that Hamas leaders will pay for the murders.

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<v Speaker 2>Netan Yahoo contended during his news conference that the only

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<v Speaker 2>way for Israel to achieve total victory is to destroy

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<v Speaker 2>Hamas's military and governing capabilities.

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<v Speaker 1>Meanwhile, Nathan the UK says it's suspending some licenses for

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<v Speaker 1>arms exports to Israel after concluding the use of British

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<v Speaker 1>components in Gaza could violate international humanitarian law. Bloomberg Israel

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<v Speaker 1>Bureau chief Evan Bronner says the move is more symbolic

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<v Speaker 1>than practical.

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<v Speaker 5>It's not a major export to the major exporters to

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<v Speaker 5>Israel of arms of the US and Germany. I think

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<v Speaker 5>after that comes Italy. The UK's down on the list.

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<v Speaker 5>But the UK is considered an important ally and friend

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<v Speaker 5>to this country, and so the idea that it would

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<v Speaker 5>take this set of steps to limit arms exports, so

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<v Speaker 5>you know, it makes it harder for them.

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<v Speaker 1>Bloomberg's Ethan Bronner says the UK suspension does not amount

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<v Speaker 1>to an arms embargo on Israel.

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<v Speaker 2>Bank hear in the US, Karen, the presidential election, we

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<v Speaker 2>can say is in full swing now. Following the Labor

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<v Speaker 2>Day holiday, Vice President Kamala Harris told the United steel

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<v Speaker 2>Workers Union in Pittsburgh she would oppose the sale of

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<v Speaker 2>US steel to Japan's Nippon Steele.

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<v Speaker 6>US Steele is an historic American company and it is

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<v Speaker 6>vital for our nation to maintain strong American steel companies.

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<v Speaker 6>And I couldn't agree more with President Biden. US steel

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<v Speaker 6>should remain American.

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<v Speaker 7>Owned, an American operator.

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<v Speaker 8>Now.

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<v Speaker 2>The statement is Kamala Harris's first on the proposed deal.

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<v Speaker 2>It does align with President Biden, who has also pledged

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<v Speaker 2>to keep US Steel domestically owned. Republican nominee Donald Trump

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<v Speaker 2>has also called for the transaction to be blocked. The

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<v Speaker 2>former president did not have any campaign events over the

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<v Speaker 2>holiday weekend, but he and Harris will return to Pennsylvania

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<v Speaker 2>next week when they face off for the first time

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<v Speaker 2>in the ABC News hosted presidential debate on September tenth.

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<v Speaker 2>That's going to be held at the National Constitution Center

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<v Speaker 2>in Philadelphia.

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<v Speaker 1>Well, Nathan, we have a number of international election headlines

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<v Speaker 1>this morning. Venezuela has ordered the arrest presidential candidate and

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<v Speaker 1>Mundo Gonzales. It's an escalation of the government's crackdown on dissent.

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<v Speaker 1>In the wake of a disputed election, Venezuelan authorities declared

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<v Speaker 1>President and Nicholas Maduro the winner to a third term,

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<v Speaker 1>despite the opposition uploading voting wrecords that show Gonzalez won

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<v Speaker 1>in a landslide. The US government may be ready to

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<v Speaker 1>take action as well. Documents seen by Bloomberg show the

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<v Speaker 1>Treasury Department is close to announcing fifteen individual sanctions on

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<v Speaker 1>Maduro affiliated officials, Sources tell Bloomberg. The State Department also

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<v Speaker 1>plans to impose visa restrictions on thirty four relatives of

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<v Speaker 1>government officials.

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<v Speaker 2>Meanwhile, in Germany, Karen Chancellor oll Off Schultz's ruling coalition

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<v Speaker 2>was punished in two regional elections in Eastern Germany. Populist

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<v Speaker 2>parties on the extreme right and left took more than

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<v Speaker 2>sixty percent of the vote in Turingia almost half in Saxony,

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<v Speaker 2>representing the first triumph of a far right party in

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<v Speaker 2>a German state ballot since World War II. The results

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<v Speaker 2>dealt another blow to Schultz and his deeply unpopular government

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<v Speaker 2>and could prompt renewed co for an early general election

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<v Speaker 2>in Germany.

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<v Speaker 1>Well, we also have a key company news out of Germany,

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<v Speaker 1>Nathan Volkswagen's considering closing factories in its home country for

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<v Speaker 1>the first time in its history. The cost cutting move

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<v Speaker 1>would attempt to end the company's three decades old pack

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<v Speaker 1>with workers to keep jobs secure. Bloomberg's Elizabeth Berman says

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<v Speaker 1>Volkswagen's set up for a showdown with workers and government.

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<v Speaker 7>To push through any big decisions, any big savings plan,

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<v Speaker 7>management needs the support of worker representatives that make up

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<v Speaker 7>half the supervisory board. There's also the state of Lower

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<v Speaker 7>Saxony that has a big stake. Also has seats on

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<v Speaker 7>the supervisory board. They usually side in decisions with the

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<v Speaker 7>worker representatives, and then management also needs to win over

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<v Speaker 7>the billionaire owner family.

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<v Speaker 1>And Bloomberg Auto's editor Elizabeth Berman says Volkswagen's profit margins

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<v Speaker 1>have been squeezed thanks to increase competition from electric car

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<v Speaker 1>makers and a broader consumer spending slowdown.

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<v Speaker 2>In Brazil, a Supreme Court justice has ordered the shutdown

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<v Speaker 2>of X former elite Twitter, saying it violates his orders

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<v Speaker 2>to remove misleading content. The ruling marks the biggest blackout

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<v Speaker 2>X has faced in a country where it has widespread adoption.

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<v Speaker 2>X's billionaire owner Elon Musk, is decrying the move as censorship.

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<v Speaker 2>He called the judge a dictator in a post to

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<v Speaker 2>the platform.

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<v Speaker 1>Well elsewhere in company news, Nathan Sources tell Bloomberg Goldman

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<v Speaker 1>Sachs plans to dismiss a few hundred employees in coming

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<v Speaker 1>weeks as part of the firm's annual call of low

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<v Speaker 1>performing staff. It would bring total cuts in twenty twenty

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<v Speaker 1>four to about three to four percent of the bank's workforce,

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<v Speaker 1>in line with the bank's typical approach to keep a

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<v Speaker 1>lid on costs. Goldman's stock climb to an all time

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<v Speaker 1>high at the end of last week.

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<v Speaker 2>And this morning, Karen futures are trading lower as we

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<v Speaker 2>enter the first trading day of September. Bloomberg's John Tucker

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<v Speaker 2>joins us with the preview.

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<v Speaker 9>John and Nathan September has the unenvy built distinction of

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<v Speaker 9>being known historically as the worst month for stocks. On Friday,

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<v Speaker 9>stocks spiked in the last ten minutes of Wall Street trading,

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<v Speaker 9>with the IS and P five hundred finishing close to

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<v Speaker 9>its old time high. That came after the Fed's preferred

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<v Speaker 9>measure of inflation rose at a mild pace. A manufacturing

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<v Speaker 9>data later today is going to mark the start of

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<v Speaker 9>a pretty busy week of economic reports. The jobs report

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<v Speaker 9>at the end of the week might bring some clues

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<v Speaker 9>to the size of a rape cut this month from

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<v Speaker 9>the Federal Reserve. Markets are currently pricing to start to

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<v Speaker 9>policy easing, with a roughly one in five chance of

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<v Speaker 9>a fifty bases point cut's, according to data compiled by

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<v Speaker 9>Bloomberg John Tucker Bloomberg Radio.

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<v Speaker 2>All right, John, thank.

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<v Speaker 1>You when it's time now for a look at some

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<v Speaker 1>of the other stories making news in New York and

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<v Speaker 1>around the world, and for that We're joined by Bloomberg's

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<v Speaker 1>Michael Barr. Michael good Morning, Good morning Karen.

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<v Speaker 8>New York City's Caribbean festival, known as the West Indian

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<v Speaker 8>Day Parade, turned into chaos and violence. Five people were

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<v Speaker 8>shot after gunshots rang out along the parade route in Brooklyn.

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<v Speaker 8>Police said four males and a female between the ages

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<v Speaker 8>of sixteen and sixty nine were wounded. All are now

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<v Speaker 8>in stable condition. In my PDE Chief of Patrol John

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<v Speaker 8>Shell saying the gunfire was targeted.

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<v Speaker 10>This was an intentional act by one person towards.

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<v Speaker 3>A group of people.

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<v Speaker 9>We do, not, by no means have any active shoot

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<v Speaker 9>up or anything of that nature running around easton palk

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<v Speaker 9>We as we speak.

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<v Speaker 8>Chief Shell says, if anyone has any video to help

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<v Speaker 8>catch the shooter, please call the police. After the Labor

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<v Speaker 8>Day holiday, delays are expected to continue at Newark Liberty

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<v Speaker 8>International Airport After equipment outages related to radar Monday afternoon,

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<v Speaker 8>the FAA issued a ground stop, which threw the normally

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<v Speaker 8>busy schedule into a tail spin and cost travelers extra money.

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<v Speaker 5>I would say probably like five seven hundred more than

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<v Speaker 5>it was supposed to with food, travel expenses, actual hotel costs.

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<v Speaker 8>According to fly Aware, more than three hundred flights were

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<v Speaker 8>delayed and dozens canceled. Police in the Chicago area have

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<v Speaker 8>arrested a suspect in a fatal shooting on a moving

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<v Speaker 8>subway train. A gunman killed four passengers in the suburb

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<v Speaker 8>of Forest Park, the last stop along the CTA's Blue Line,

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<v Speaker 8>about fifteen minutes west of the city. Authority say the

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<v Speaker 8>horror unfolded on two separate subway cars. The suspected shooter

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<v Speaker 8>was tracked down on an entirely different train line by

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<v Speaker 8>a police using surveillance video. In Connecticut, one person is

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<v Speaker 8>dead and two others are missing after a major boat

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<v Speaker 8>accident in Old Saybrook. Officials say the accident happened last

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<v Speaker 8>night near the Harbor One Marine. When emergency crews arrived,

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<v Speaker 8>they say they found a half submerged single motor boat

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<v Speaker 8>with significant damage. Athority say the boat, with nine people

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<v Speaker 8>on board, hit an east facing jetty at the mouth

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<v Speaker 8>of the Connecticut River. This man lives nearby.

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<v Speaker 11>Eventally they hit the jetty at the end of the spot.

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<v Speaker 11>At the end of the jetty is a big spike

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<v Speaker 11>goes lit fifty feet. Tholu says long Island Sound around

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<v Speaker 11>the peril and I fixed there but a month ago,

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<v Speaker 11>and I think he was going too fast and hopefully

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<v Speaker 11>we'll find the people.

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<v Speaker 12>They were alive.

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<v Speaker 8>Six other people were taken to an area hospital. Global

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<v Speaker 8>News twenty four hours a day and whenever you want

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<v Speaker 8>it with News Now on Bloomberg. I'm Michael Barr, and

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<v Speaker 8>this is Bloomberg.

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<v Speaker 1>Karen. All right, Michael Barr, thank you time now for

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<v Speaker 1>the Bloomberg Sportes update with John stash Hour.

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<v Speaker 2>John, Good morning, Good morning Karen.

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<v Speaker 10>After swifting the White Sox, the Mets returned home to

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<v Speaker 10>face the Red Sox. Got seven strong innings with the

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<v Speaker 10>waist seven Arena, a game with all the scoring coming

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<v Speaker 10>to the first four innings. Mets won four to one.

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<v Speaker 10>They moved ten over five hundred. They're only a half

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<v Speaker 10>game behind it Lent in the race for the last

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<v Speaker 10>NL Wildcard. Half game is fill with the Yankees leave

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<v Speaker 10>the Orioles by Baltimore now getting to flit the lowly

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<v Speaker 10>White Sox. The Orioles won thirteen to three. Shott was

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<v Speaker 10>the eleventh loss in a row, one hundred and eighth

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<v Speaker 10>of the season, and they've also lost each of Chris

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<v Speaker 10>Flexen's last twenty starts. That's a dubious Major League record.

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<v Speaker 10>Yankees in Texas Cleaver Torres to run double third inning,

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<v Speaker 10>then five runs in the sixth RBI, doubles by Aaron

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<v Speaker 10>Judge and Anthony Rizzo, and then they went yard.

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<v Speaker 13>In the eighth first pet swing eight, John Carlo Stanton

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<v Speaker 13>swings bashes it high and deep center field at the

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<v Speaker 13>one god four oh seven to straightaway seer Laote Taveres

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<v Speaker 13>looked up, thought about alap and then just let it go.

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<v Speaker 10>He has been ready to call Yanks behind. Garrett Cole

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<v Speaker 10>beat the Rangers eight to four. US Open top seeds

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<v Speaker 10>lead the way into the quarterfinals. Yannik Center lost the

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<v Speaker 10>first set in the opening round, has not dropped the

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<v Speaker 10>set since last night, seven six, seven sixty six one

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<v Speaker 10>over the American Tommy Paul Egusciantek. He yet to lose

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<v Speaker 10>the set. She advances to a quarterfinal match tomorrow with

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<v Speaker 10>American Jess Piccula. Two American men have their Round of

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<v Speaker 10>eight matches today in ash Stadium a first Tailor Fritzticky

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<v Speaker 10>and Alex Saverev primetime. Francis Tiafla meeting Gregor a year

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<v Speaker 10>ago Florida State had a thirteen ar oh regular season

0:12:03.480 --> 0:12:05.720
<v Speaker 10>this year. There zero to two lost last night in

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<v Speaker 10>Tallahassee to Boston College twenty eight to thirteen. Johns stashe

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<v Speaker 10>one of Bloomberg Sports Karen Nathan.

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<v Speaker 12>Coast to Coast on Bloomberg Radio nationwide on Sirius XM,

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<v Speaker 12>and around the world on Bloomberg dot Com and the

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<v Speaker 12>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 2>Good morning, I'm Nathan Hager. There is new pressure on

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<v Speaker 2>Israeli Prime Minister Benjamin Natan Yahoo to come to a

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<v Speaker 2>ceasefire and hostage release deal with Hamas after the killings

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<v Speaker 2>of six Israeli hostages inside tunnels in Gaza. But the

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<v Speaker 2>Prime Minister is standing firm.

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<v Speaker 3>We say yes, they say no all the time, but

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<v Speaker 3>they also murdered these people and now we need maximum

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<v Speaker 3>pressure on Kamas.

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<v Speaker 2>That was the Prime Minister last night in a defiant

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<v Speaker 2>news conference following a weekend of massive protest in Israel.

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<v Speaker 2>Joining us now is Bloomberg's News director for Europe, the

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<v Speaker 2>Middle East and Africa, Rosalind Mathison Roz, Good morning. The

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<v Speaker 2>Prime Minister talks about keeping maximum pressure on Hamas. What

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<v Speaker 2>is the pressure like on him though to come to

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<v Speaker 2>a deal.

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<v Speaker 14>Well, the pressure has been quite intense from the US

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<v Speaker 14>and elsewhere. We've seen quite sizable protests in recent days.

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<v Speaker 14>Although the protests today look like they have tapered a bit,

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<v Speaker 14>they are smaller in size, so maybe some of that

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<v Speaker 14>initial pressure is fading. But certainly you're seeing a high

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<v Speaker 14>level of frustration both within within Israel itself but also

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<v Speaker 14>allies including the US, about how after months and months

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<v Speaker 14>of conversation, we're still not really much closer to an

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<v Speaker 14>agreement for a ceasefire in Gaza. You know, fundamental points

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<v Speaker 14>that Israel has, fundamental sticking points that Hamas has also,

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<v Speaker 14>and the Israeli Prime Minister says that he feels that

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<v Speaker 14>Israel's given enough ground there in the conversation and they're

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<v Speaker 14>not willing to concede more. His concern is, you know,

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<v Speaker 14>some of the things that are on the table might

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<v Speaker 14>allow Hamas potentially to regroup into rearm and come back

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<v Speaker 14>at Israel yet again in the aftermath of the October

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<v Speaker 14>seven attack. So he says he's got some lines in

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<v Speaker 14>the sand in the conversations. So the question is where

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<v Speaker 14>did these conversations go from here? Is there any way

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<v Speaker 14>through in the negotiations, because the clock is ticking not

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<v Speaker 14>just for Gaza and in the war, but also in

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<v Speaker 14>the US political cycle for example, and the US is

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<v Speaker 14>going to run out of road in the current administration

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<v Speaker 14>to get a seisfy navigated.

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<v Speaker 2>Well, let's talk about where the negotiations stand right now.

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<v Speaker 2>I mean, we've had these sort of indirect talks with

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<v Speaker 2>an Israeli team meeting with US katri and Egyptian officials

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<v Speaker 2>and Hamas sort of on the sidelines. Where do things

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<v Speaker 2>stand right now?

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<v Speaker 14>Well, there are currently no formal negotiations going on. After

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<v Speaker 14>the last round again proved inconclusive. There have been various

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<v Speaker 14>proposals that have come up that haven't really eventuated. There

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<v Speaker 14>are reports the US is getting towards what they would

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<v Speaker 14>call it take or leave it final proposal to try

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<v Speaker 14>and force both Hamas and Israel to agree. But you know,

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<v Speaker 14>it doesn't necessarily again overcome those fundamental sticking points, which

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<v Speaker 14>are about, for example, what would be the purpose of

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<v Speaker 14>the ceasefire even Is it to have a pathway to

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<v Speaker 14>ending the conflict or is it just a temporary truth

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<v Speaker 14>that would allow fighting to resume. And it's quite a

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<v Speaker 14>risky thing for the US to say, look, this would

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<v Speaker 14>be the final offer from US, and otherwise we're kind

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<v Speaker 14>of walking away and it's too hard to continue from here.

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<v Speaker 14>But we need to see whether there's going to be

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<v Speaker 14>any momentum to bring parties together for yet another round

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<v Speaker 14>of talks in Kuta, for example, in the coming weeks.

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<v Speaker 14>Currently nothing is scheduled.

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<v Speaker 2>Just thirty seconds left. Ros Well, we've seen massive protests

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<v Speaker 2>by Israelis when it comes to putting pressure to get

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<v Speaker 2>some kind of deal in the past. Is there any

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<v Speaker 2>evidence that these latest protests could have any impact.

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<v Speaker 14>Well, certainly they reflect a deep sort of feeling of

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<v Speaker 14>frustration within Israel which was there before the war.

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<v Speaker 6>There were big.

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<v Speaker 14>Anti protests that we're going on that kind of came

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<v Speaker 14>to a halt when the war began, and there's frustration

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<v Speaker 14>over his leadership that was there, over the state of

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<v Speaker 14>the economy bubbling away throughout. The question is is it

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<v Speaker 14>sort of fading again for the minute At some point

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<v Speaker 14>as and when the war does potentially draw to a close,

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<v Speaker 14>those issues are really going to come to the four

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<v Speaker 14>for Netnyahu, but they're unlikely to force a major change

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<v Speaker 14>in path for him. In the minute.

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<v Speaker 2>I'm Nathan Hager, I'm Karen Moscow.

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<v Speaker 1>Join us again tomorrow morning for all the news you

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