Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning.
Speaker 1: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 1: stories we're following today.
Speaker 2: Karen, we begin in Israel, where events continue to unfold
Speaker 2: after six Israeli hostages were found shot dead in a
Speaker 2: Gaza tunnel over the weekend. Prime Minister Benjamin Natuna, who
Speaker 2: has responded with a defiant press conference saying Israel will
Speaker 2: not meet Hamas's demands to give up control of the
Speaker 2: border area between Gaza and Egypt.
Speaker 3: I don't believe that either President Biden or anyone serious
Speaker 3: about achieving peace and achieving the release would seriously ask
Speaker 3: Israel Israel to make these concessions.
Speaker 2: We've already made them, Israeli Prime Minister Natunyah, who is
Speaker 2: also apologizing to the bereaved families. He says the nation
Speaker 2: must maintain permanent control over the Philadelphi Quarter. He's accusing
Speaker 2: Hamas of using it to import arms that it's used
Speaker 2: against Israel.
Speaker 1: Meanwhile, Nathan, Israelis took part in labor strikes and nationwide
Speaker 1: protests Sunday to try to force antan Yahoo's government to
Speaker 1: agree to a cease fire and secure the release of hostages.
Speaker 1: Many post offices and bank branches were closed, while the
Speaker 1: country's main airport suspended some takeoffs, and a number of
Speaker 1: shopping malls and high tech firms shut their offices as well.
Speaker 1: They were the largest protests since the deadly invasion by
Speaker 1: Hamas that set off the war last October.
Speaker 2: Karen Netanyah, who is also feeling pressure from President Biden,
Speaker 2: he says the prime Minister's not doing enough to reach
Speaker 2: a deal. The President was asked if he has spoken
Speaker 2: to Netayah, who about the negotiations where the.
Speaker 4: Sting dustration not with him as mark College cover from US.
Speaker 2: The President says he will speak with Israel's Prime minister eventually,
Speaker 2: and he promised that Hamas leaders will pay for the murders.
Speaker 2: Netan Yahoo contended during his news conference that the only
Speaker 2: way for Israel to achieve total victory is to destroy
Speaker 2: Hamas's military and governing capabilities.
Speaker 1: Meanwhile, Nathan the UK says it's suspending some licenses for
Speaker 1: arms exports to Israel after concluding the use of British
Speaker 1: components in Gaza could violate international humanitarian law. Bloomberg Israel
Speaker 1: Bureau chief Evan Bronner says the move is more symbolic
Speaker 1: than practical.
Speaker 5: It's not a major export to the major exporters to
Speaker 5: Israel of arms of the US and Germany. I think
Speaker 5: after that comes Italy. The UK's down on the list.
Speaker 5: But the UK is considered an important ally and friend
Speaker 5: to this country, and so the idea that it would
Speaker 5: take this set of steps to limit arms exports, so
Speaker 5: you know, it makes it harder for them.
Speaker 1: Bloomberg's Ethan Bronner says the UK suspension does not amount
Speaker 1: to an arms embargo on Israel.
Speaker 2: Bank hear in the US, Karen, the presidential election, we
Speaker 2: can say is in full swing now. Following the Labor
Speaker 2: Day holiday, Vice President Kamala Harris told the United steel
Speaker 2: Workers Union in Pittsburgh she would oppose the sale of
Speaker 2: US steel to Japan's Nippon Steele.
Speaker 6: US Steele is an historic American company and it is
Speaker 6: vital for our nation to maintain strong American steel companies.
Speaker 6: And I couldn't agree more with President Biden. US steel
Speaker 6: should remain American.
Speaker 7: Owned, an American operator.
Speaker 8: Now.
Speaker 2: The statement is Kamala Harris's first on the proposed deal.
Speaker 2: It does align with President Biden, who has also pledged
Speaker 2: to keep US Steel domestically owned. Republican nominee Donald Trump
Speaker 2: has also called for the transaction to be blocked. The
Speaker 2: former president did not have any campaign events over the
Speaker 2: holiday weekend, but he and Harris will return to Pennsylvania
Speaker 2: next week when they face off for the first time
Speaker 2: in the ABC News hosted presidential debate on September tenth.
Speaker 2: That's going to be held at the National Constitution Center
Speaker 2: in Philadelphia.
Speaker 1: Well, Nathan, we have a number of international election headlines
Speaker 1: this morning. Venezuela has ordered the arrest presidential candidate and
Speaker 1: Mundo Gonzales. It's an escalation of the government's crackdown on dissent.
Speaker 1: In the wake of a disputed election, Venezuelan authorities declared
Speaker 1: President and Nicholas Maduro the winner to a third term,
Speaker 1: despite the opposition uploading voting wrecords that show Gonzalez won
Speaker 1: in a landslide. The US government may be ready to
Speaker 1: take action as well. Documents seen by Bloomberg show the
Speaker 1: Treasury Department is close to announcing fifteen individual sanctions on
Speaker 1: Maduro affiliated officials, Sources tell Bloomberg. The State Department also
Speaker 1: plans to impose visa restrictions on thirty four relatives of
Speaker 1: government officials.
Speaker 2: Meanwhile, in Germany, Karen Chancellor oll Off Schultz's ruling coalition
Speaker 2: was punished in two regional elections in Eastern Germany. Populist
Speaker 2: parties on the extreme right and left took more than
Speaker 2: sixty percent of the vote in Turingia almost half in Saxony,
Speaker 2: representing the first triumph of a far right party in
Speaker 2: a German state ballot since World War II. The results
Speaker 2: dealt another blow to Schultz and his deeply unpopular government
Speaker 2: and could prompt renewed co for an early general election
Speaker 2: in Germany.
Speaker 1: Well, we also have a key company news out of Germany,
Speaker 1: Nathan Volkswagen's considering closing factories in its home country for
Speaker 1: the first time in its history. The cost cutting move
Speaker 1: would attempt to end the company's three decades old pack
Speaker 1: with workers to keep jobs secure. Bloomberg's Elizabeth Berman says
Speaker 1: Volkswagen's set up for a showdown with workers and government.
Speaker 7: To push through any big decisions, any big savings plan,
Speaker 7: management needs the support of worker representatives that make up
Speaker 7: half the supervisory board. There's also the state of Lower
Speaker 7: Saxony that has a big stake. Also has seats on
Speaker 7: the supervisory board. They usually side in decisions with the
Speaker 7: worker representatives, and then management also needs to win over
Speaker 7: the billionaire owner family.
Speaker 1: And Bloomberg Auto's editor Elizabeth Berman says Volkswagen's profit margins
Speaker 1: have been squeezed thanks to increase competition from electric car
Speaker 1: makers and a broader consumer spending slowdown.
Speaker 2: In Brazil, a Supreme Court justice has ordered the shutdown
Speaker 2: of X former elite Twitter, saying it violates his orders
Speaker 2: to remove misleading content. The ruling marks the biggest blackout
Speaker 2: X has faced in a country where it has widespread adoption.
Speaker 2: X's billionaire owner Elon Musk, is decrying the move as censorship.
Speaker 2: He called the judge a dictator in a post to
Speaker 2: the platform.
Speaker 1: Well elsewhere in company news, Nathan Sources tell Bloomberg Goldman
Speaker 1: Sachs plans to dismiss a few hundred employees in coming
Speaker 1: weeks as part of the firm's annual call of low
Speaker 1: performing staff. It would bring total cuts in twenty twenty
Speaker 1: four to about three to four percent of the bank's workforce,
Speaker 1: in line with the bank's typical approach to keep a
Speaker 1: lid on costs. Goldman's stock climb to an all time
Speaker 1: high at the end of last week.
Speaker 2: And this morning, Karen futures are trading lower as we
Speaker 2: enter the first trading day of September. Bloomberg's John Tucker
Speaker 2: joins us with the preview.
Speaker 9: John and Nathan September has the unenvy built distinction of
Speaker 9: being known historically as the worst month for stocks. On Friday,
Speaker 9: stocks spiked in the last ten minutes of Wall Street trading,
Speaker 9: with the IS and P five hundred finishing close to
Speaker 9: its old time high. That came after the Fed's preferred
Speaker 9: measure of inflation rose at a mild pace. A manufacturing
Speaker 9: data later today is going to mark the start of
Speaker 9: a pretty busy week of economic reports. The jobs report
Speaker 9: at the end of the week might bring some clues
Speaker 9: to the size of a rape cut this month from
Speaker 9: the Federal Reserve. Markets are currently pricing to start to
Speaker 9: policy easing, with a roughly one in five chance of
Speaker 9: a fifty bases point cut's, according to data compiled by
Speaker 9: Bloomberg John Tucker Bloomberg Radio.
Speaker 2: All right, John, thank.
Speaker 1: You when it's time now for a look at some
Speaker 1: of the other stories making news in New York and
Speaker 1: around the world, and for that We're joined by Bloomberg's
Speaker 1: Michael Barr. Michael good Morning, Good morning Karen.
Speaker 8: New York City's Caribbean festival, known as the West Indian
Speaker 8: Day Parade, turned into chaos and violence. Five people were
Speaker 8: shot after gunshots rang out along the parade route in Brooklyn.
Speaker 8: Police said four males and a female between the ages
Speaker 8: of sixteen and sixty nine were wounded. All are now
Speaker 8: in stable condition. In my PDE Chief of Patrol John
Speaker 8: Shell saying the gunfire was targeted.
Speaker 10: This was an intentional act by one person towards.
Speaker 3: A group of people.
Speaker 9: We do, not, by no means have any active shoot
Speaker 9: up or anything of that nature running around easton palk
Speaker 9: We as we speak.
Speaker 8: Chief Shell says, if anyone has any video to help
Speaker 8: catch the shooter, please call the police. After the Labor
Speaker 8: Day holiday, delays are expected to continue at Newark Liberty
Speaker 8: International Airport After equipment outages related to radar Monday afternoon,
Speaker 8: the FAA issued a ground stop, which threw the normally
Speaker 8: busy schedule into a tail spin and cost travelers extra money.
Speaker 5: I would say probably like five seven hundred more than
Speaker 5: it was supposed to with food, travel expenses, actual hotel costs.
Speaker 8: According to fly Aware, more than three hundred flights were
Speaker 8: delayed and dozens canceled. Police in the Chicago area have
Speaker 8: arrested a suspect in a fatal shooting on a moving
Speaker 8: subway train. A gunman killed four passengers in the suburb
Speaker 8: of Forest Park, the last stop along the CTA's Blue Line,
Speaker 8: about fifteen minutes west of the city. Authority say the
Speaker 8: horror unfolded on two separate subway cars. The suspected shooter
Speaker 8: was tracked down on an entirely different train line by
Speaker 8: a police using surveillance video. In Connecticut, one person is
Speaker 8: dead and two others are missing after a major boat
Speaker 8: accident in Old Saybrook. Officials say the accident happened last
Speaker 8: night near the Harbor One Marine. When emergency crews arrived,
Speaker 8: they say they found a half submerged single motor boat
Speaker 8: with significant damage. Athority say the boat, with nine people
Speaker 8: on board, hit an east facing jetty at the mouth
Speaker 8: of the Connecticut River. This man lives nearby.
Speaker 11: Eventally they hit the jetty at the end of the spot.
Speaker 11: At the end of the jetty is a big spike
Speaker 11: goes lit fifty feet. Tholu says long Island Sound around
Speaker 11: the peril and I fixed there but a month ago,
Speaker 11: and I think he was going too fast and hopefully
Speaker 11: we'll find the people.
Speaker 12: They were alive.
Speaker 8: Six other people were taken to an area hospital. Global
Speaker 8: News twenty four hours a day and whenever you want
Speaker 8: it with News Now on Bloomberg. I'm Michael Barr, and
Speaker 8: this is Bloomberg.
Speaker 1: Karen. All right, Michael Barr, thank you time now for
Speaker 1: the Bloomberg Sportes update with John stash Hour.
Speaker 2: John, Good morning, Good morning Karen.
Speaker 10: After swifting the White Sox, the Mets returned home to
Speaker 10: face the Red Sox. Got seven strong innings with the
Speaker 10: waist seven Arena, a game with all the scoring coming
Speaker 10: to the first four innings. Mets won four to one.
Speaker 10: They moved ten over five hundred. They're only a half
Speaker 10: game behind it Lent in the race for the last
Speaker 10: NL Wildcard. Half game is fill with the Yankees leave
Speaker 10: the Orioles by Baltimore now getting to flit the lowly
Speaker 10: White Sox. The Orioles won thirteen to three. Shott was
Speaker 10: the eleventh loss in a row, one hundred and eighth
Speaker 10: of the season, and they've also lost each of Chris
Speaker 10: Flexen's last twenty starts. That's a dubious Major League record.
Speaker 10: Yankees in Texas Cleaver Torres to run double third inning,
Speaker 10: then five runs in the sixth RBI, doubles by Aaron
Speaker 10: Judge and Anthony Rizzo, and then they went yard.
Speaker 13: In the eighth first pet swing eight, John Carlo Stanton
Speaker 13: swings bashes it high and deep center field at the
Speaker 13: one god four oh seven to straightaway seer Laote Taveres
Speaker 13: looked up, thought about alap and then just let it go.
Speaker 10: He has been ready to call Yanks behind. Garrett Cole
Speaker 10: beat the Rangers eight to four. US Open top seeds
Speaker 10: lead the way into the quarterfinals. Yannik Center lost the
Speaker 10: first set in the opening round, has not dropped the
Speaker 10: set since last night, seven six, seven sixty six one
Speaker 10: over the American Tommy Paul Egusciantek. He yet to lose
Speaker 10: the set. She advances to a quarterfinal match tomorrow with
Speaker 10: American Jess Piccula. Two American men have their Round of
Speaker 10: eight matches today in ash Stadium a first Tailor Fritzticky
Speaker 10: and Alex Saverev primetime. Francis Tiafla meeting Gregor a year
Speaker 10: ago Florida State had a thirteen ar oh regular season
Speaker 10: this year. There zero to two lost last night in
Speaker 10: Tallahassee to Boston College twenty eight to thirteen. Johns stashe
Speaker 10: one of Bloomberg Sports Karen Nathan.
Speaker 12: Coast to Coast on Bloomberg Radio nationwide on Sirius XM,
Speaker 12: and around the world on Bloomberg dot Com and the
Speaker 12: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 2: Good morning, I'm Nathan Hager. There is new pressure on
Speaker 2: Israeli Prime Minister Benjamin Natan Yahoo to come to a
Speaker 2: ceasefire and hostage release deal with Hamas after the killings
Speaker 2: of six Israeli hostages inside tunnels in Gaza. But the
Speaker 2: Prime Minister is standing firm.
Speaker 3: We say yes, they say no all the time, but
Speaker 3: they also murdered these people and now we need maximum
Speaker 3: pressure on Kamas.
Speaker 2: That was the Prime Minister last night in a defiant
Speaker 2: news conference following a weekend of massive protest in Israel.
Speaker 2: Joining us now is Bloomberg's News director for Europe, the
Speaker 2: Middle East and Africa, Rosalind Mathison Roz, Good morning. The
Speaker 2: Prime Minister talks about keeping maximum pressure on Hamas. What
Speaker 2: is the pressure like on him though to come to
Speaker 2: a deal.
Speaker 14: Well, the pressure has been quite intense from the US
Speaker 14: and elsewhere. We've seen quite sizable protests in recent days.
Speaker 14: Although the protests today look like they have tapered a bit,
Speaker 14: they are smaller in size, so maybe some of that
Speaker 14: initial pressure is fading. But certainly you're seeing a high
Speaker 14: level of frustration both within within Israel itself but also
Speaker 14: allies including the US, about how after months and months
Speaker 14: of conversation, we're still not really much closer to an
Speaker 14: agreement for a ceasefire in Gaza. You know, fundamental points
Speaker 14: that Israel has, fundamental sticking points that Hamas has also,
Speaker 14: and the Israeli Prime Minister says that he feels that
Speaker 14: Israel's given enough ground there in the conversation and they're
Speaker 14: not willing to concede more. His concern is, you know,
Speaker 14: some of the things that are on the table might
Speaker 14: allow Hamas potentially to regroup into rearm and come back
Speaker 14: at Israel yet again in the aftermath of the October
Speaker 14: seven attack. So he says he's got some lines in
Speaker 14: the sand in the conversations. So the question is where
Speaker 14: did these conversations go from here? Is there any way
Speaker 14: through in the negotiations, because the clock is ticking not
Speaker 14: just for Gaza and in the war, but also in
Speaker 14: the US political cycle for example, and the US is
Speaker 14: going to run out of road in the current administration
Speaker 14: to get a seisfy navigated.
Speaker 2: Well, let's talk about where the negotiations stand right now.
Speaker 2: I mean, we've had these sort of indirect talks with
Speaker 2: an Israeli team meeting with US katri and Egyptian officials
Speaker 2: and Hamas sort of on the sidelines. Where do things
Speaker 2: stand right now?
Speaker 14: Well, there are currently no formal negotiations going on. After
Speaker 14: the last round again proved inconclusive. There have been various
Speaker 14: proposals that have come up that haven't really eventuated. There
Speaker 14: are reports the US is getting towards what they would
Speaker 14: call it take or leave it final proposal to try
Speaker 14: and force both Hamas and Israel to agree. But you know,
Speaker 14: it doesn't necessarily again overcome those fundamental sticking points, which
Speaker 14: are about, for example, what would be the purpose of
Speaker 14: the ceasefire even Is it to have a pathway to
Speaker 14: ending the conflict or is it just a temporary truth
Speaker 14: that would allow fighting to resume. And it's quite a
Speaker 14: risky thing for the US to say, look, this would
Speaker 14: be the final offer from US, and otherwise we're kind
Speaker 14: of walking away and it's too hard to continue from here.
Speaker 14: But we need to see whether there's going to be
Speaker 14: any momentum to bring parties together for yet another round
Speaker 14: of talks in Kuta, for example, in the coming weeks.
Speaker 14: Currently nothing is scheduled.
Speaker 2: Just thirty seconds left. Ros Well, we've seen massive protests
Speaker 2: by Israelis when it comes to putting pressure to get
Speaker 2: some kind of deal in the past. Is there any
Speaker 2: evidence that these latest protests could have any impact.
Speaker 14: Well, certainly they reflect a deep sort of feeling of
Speaker 14: frustration within Israel which was there before the war.
Speaker 6: There were big.
Speaker 14: Anti protests that we're going on that kind of came
Speaker 14: to a halt when the war began, and there's frustration
Speaker 14: over his leadership that was there, over the state of
Speaker 14: the economy bubbling away throughout. The question is is it
Speaker 14: sort of fading again for the minute At some point
Speaker 14: as and when the war does potentially draw to a close,
Speaker 14: those issues are really going to come to the four
Speaker 14: for Netnyahu, but they're unlikely to force a major change
Speaker 14: in path for him. In the minute.
Speaker 4: This is Bloomberg day Break Today, your morning brief on
Speaker 4: the stories making news from Wall Street to Washington and beyond.
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Speaker 2: I'm Nathan Hager, I'm Karen Moscow.
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