Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: Karen, we begin with a developing story in the Gulf
Speaker 2: of Mexico, Hurricane Milton. It is set to approach the
Speaker 2: Florida Peninsula tomorrow, with wedds of up to one hundred
Speaker 2: and fifty five miles per hour bearing down on a
Speaker 2: region that is still struggling to recover from the devastation
Speaker 2: wrought by Hurricane Helene. We get more on this category
Speaker 2: four storm from Bloomberg meteorologists Drob Carolyn.
Speaker 3: Milton is passing just north of the Yucatan Peninsula this morning.
Speaker 3: It's about five hundred and eighty miles to the southwest
Speaker 3: of Tampa, moving east at nine miles an hour. It
Speaker 3: did weaken a little bit overnight. That's because we've seen
Speaker 3: an eyewall replacement cycle. Looks like the hurricane is in
Speaker 3: the process of growing a little bit larger. It's a
Speaker 3: very small system, but it will be getting larger by
Speaker 3: the time it reaches the west coast of Florida Wednesday night.
Speaker 3: We do think some weakening will occur due to win
Speaker 3: sheer and in training dry air during the day on
Speaker 3: Wednesday as it moves into the eastern Gulf of Mexico.
Speaker 3: I'm Rob Carrollvin Bloomberg Radio. Okay, Rob, thank you.
Speaker 2: Now, it isn't clear exactly where in Florida Milton will
Speaker 2: make landfall. The computer forecast models are at odds, but
Speaker 2: the National Hurricane Center says errors of as much of
Speaker 2: as one hundred miles are possible in the days before
Speaker 2: a storm comes Ashore.
Speaker 4: Well, Nathan, we want to turn now to the Middle East.
Speaker 4: In Israel's multi front conflict with I run Back militias
Speaker 4: is now entering its second year with little end in
Speaker 4: the site. Israel continues to target Beerroot's southernes suburbs, and
Speaker 4: the military is telling people along Lebanon's coast to evacuate
Speaker 4: as Israel continues to go after Hesbelah begin more from
Speaker 4: Stuart Livingstone Wallace, head of Middle East and North Africa
Speaker 4: coverage for Bloomberg News.
Speaker 5: It feels like an expansion of the existing campaign. So, yes,
Speaker 5: it's continuation, but you just think about the situation on
Speaker 5: the ground. Yes, most of the strikes have gone into
Speaker 5: southern Bay. Ruth has well the stronghold the Bekhal Valley.
Speaker 5: We obviously did see that bomba of the link between
Speaker 5: Lebanon and Syria, and that is concerning given the number
Speaker 5: of people that are trying to get out of the country,
Speaker 5: and now if you have some sort of naval operation
Speaker 5: going on to the west. But again, it just sort
Speaker 5: of speaks to almost this encirclement that's going on.
Speaker 4: And Bloomberg Stewart Livingstone Wallace reports Israel's defense minister, you
Speaker 4: have Golaud, will be in Washington tomorrow as the country
Speaker 4: continues to weigh its response to a rounds ballistic missile
Speaker 4: attack last week. President Biden has ursed Israel not to
Speaker 4: target arounds, nuclear or oil infrastructure out of concern it
Speaker 4: could spark a wider war and push up energy prices.
Speaker 2: Well, Karen, both presidential candidates marked one year since the
Speaker 2: deadliest attack on Jews since the Holocaust. Donald Trump held
Speaker 2: a remembrance event at his Durral golf resort in Miami.
Speaker 6: The anti Jewish hatred has returned even here in America
Speaker 6: and our streets, our media, and our college campuses, and
Speaker 6: within the ranks of the Democrat Party in particular, not
Speaker 6: in the Republican Party I will tell you that it's
Speaker 6: not in the Republican Party.
Speaker 2: The former president also said the election would not only
Speaker 2: be the most important day in the history of the
Speaker 2: United States, but also in Israel. Earlier, Vice President Kamala
Speaker 2: Harris planted a pomegranate tree in memory of the victims
Speaker 2: at her official residence in Washington. She said the world
Speaker 2: must never forget October seventh and Nathan.
Speaker 4: The relationship between the US and Israel was a key
Speaker 4: discussion point in Vice President Kamala Harris's interview with CBS's
Speaker 4: Bill Whittaker on sixty Minutes. Harris was asked whether Prime
Speaker 4: Minister Benjamin Ettanya, who remains a close ally of the US,
Speaker 4: with all.
Speaker 7: Due respect, the better question is do we have an
Speaker 7: important alliance between the American people and the Israeli people?
Speaker 8: And the answer to that question is yes.
Speaker 4: Vice President Harris, as the administration continues negotiations with Israel
Speaker 4: with the aim of ending the war and bringing hostages home.
Speaker 2: And the geopolitical discussion on sixty Minutes also focused on
Speaker 2: the war in Ukraine. Karen Kamala Harris found Kiev's leaders
Speaker 2: would be part of any US negotiation with Russian President
Speaker 2: Vladimir Putin who end that conflict.
Speaker 7: There will be no success in ending that war without
Speaker 7: Ukraine and the UN Charter participating in what that success
Speaker 7: looks like.
Speaker 9: Would you meet with President Vladimir Putin to negotiate a
Speaker 9: solution to the war in Ukraine.
Speaker 7: Not bilaterally without Ukraine. No, Ukraine must have a say
Speaker 7: in the future of Ukraine.
Speaker 2: Kamala Harris declined to say if she would support Ukraine's
Speaker 2: push to join NATO if elected. Ukrainian President Vladimir Zelenski
Speaker 2: has sought to secure a US invitation to join NATO,
Speaker 2: thinking it would provide leverage to negotiate an end to
Speaker 2: the fighting.
Speaker 4: And Nathan the Vice President, also discussed her economic proposals
Speaker 4: on Sixty Minutes. Harris said she would expand text credits
Speaker 4: for parents and first time home buyers, and she talked
Speaker 4: about how she'd pay for it.
Speaker 7: I'm going to make sure that the richest among us
Speaker 7: who can afford it, pay their fair share in taxes.
Speaker 7: Right that teachers and nurses and firefighters are paying a
Speaker 7: higher tax rate than billionaires and the biggest corporations.
Speaker 4: Vice President Harris insisted, even with opposition, she get her
Speaker 4: proposals through Congress. In addition to the economy, Harris discussed
Speaker 4: the southern border, calling on Congress to act in pass legislation.
Speaker 4: When asked whether the Body and administration's border strategy has
Speaker 4: been strict enough, she called the issue a long standing problem.
Speaker 2: All right, Karen, Let's turn to markets now. Starting in Asia,
Speaker 2: and after surging almost eleven percent in the opening minutes
Speaker 2: of trading, stocks in China ended the session higher by
Speaker 2: almost six percent. China says it is confident it will
Speaker 2: reach its economic targets this year, but policymakers held back
Speaker 2: on any further stimulus. Bloomberg Daybreak Asia anchor Brian Curtis
Speaker 2: has more from Hong Kong.
Speaker 10: China's top economic planner of the National Development and Reform
Speaker 10: Commission said it would speed up spending otherwise, though the
Speaker 10: agency mainly repeated older plans to boost investment and support
Speaker 10: low income groups and new graduates. China will issue ultra
Speaker 10: law sovereign bonds next year to support major projects, and
Speaker 10: you will bring forward to this year a fourteen billion
Speaker 10: dollar investment plan originally scheduled for next year. Investors, though,
Speaker 10: appear disappointed, as stocks traded off the best levels in
Speaker 10: Hong Kong. Brian Curtis, Bloomberg Radio.
Speaker 4: All right, Brian, thank you. Back here in the US,
Speaker 4: futures are hire this morning after a sell off to
Speaker 4: start the week. All three major indexes dropped about one
Speaker 4: percent yesterday, tech stocks leading the declines. Still, Brian Lovitt,
Speaker 4: Global market strategists at Investo, thanks, stocks are at an
Speaker 4: attractive level.
Speaker 11: I view this as a buy opportunity. You know, it's
Speaker 11: a market again that I believe is going to do
Speaker 11: well over the next few years. Don't fight the said,
Speaker 11: I think that still applies.
Speaker 12: Now.
Speaker 11: The market is taking out one of the rate cuts
Speaker 11: right now, and that's okay, that's a short term move.
Speaker 11: But over the next few years, I think don't fight
Speaker 11: the fed certainly applies.
Speaker 4: That's Investco Global market strategist Brian Levitt, who still favors
Speaker 4: stocks over bonds going forward. And we are watching earning
Speaker 4: scross the Bloomberg. Pepsigo trimming its growth outlook for the
Speaker 4: year as volumes of soft drinks and snacks continue to slip.
Speaker 4: Full Your organic revenue now expected to grow by a
Speaker 4: low single digit percentage, down from Pepsigo's previous target of
Speaker 4: four percent.
Speaker 2: We're also keeping an ear out on FED speak this morning, Karen.
Speaker 2: There's been plenty of that today. At a European Central
Speaker 2: Bank conference in Frankfurt, FED Governor Adriana Kouegler called for
Speaker 2: a balanced approach to future rate cuts, saying the FED
Speaker 2: should keep its focus on bringing inflation back to the
Speaker 2: two percent target. Saint Louis FED President Alberto Mussalam says
Speaker 2: he supported last month's decision to lower interest rates by
Speaker 2: half point, but he emphasized he would prefer further reductions
Speaker 2: to be gradual.
Speaker 4: Honest time now if for a look at some of
Speaker 4: the other stories making news in New York and around
Speaker 4: the world, and for that we're joined by Bloomberg's Michael Barr.
Speaker 8: Michael, good morning, Good morning, Karen.
Speaker 12: The Supreme Court is hearing a challenge to a Biden
Speaker 12: administration and regulation on ghost guns, the difficult to trace
Speaker 12: weapons than x potentially increased link to crime in recent years.
Speaker 12: Today's case is centered on gun kits that are sold
Speaker 12: online and can be assembled into a functioning weapon in
Speaker 12: less than thirty minutes. The Biden Administration's regulation requires background checks,
Speaker 12: age verification, and serial numbers. Manufacturers and gun rights groups
Speaker 12: challenge the rule, arguing the administration overstepped its authority. The
Speaker 12: National Transportation Safety Board is investigating the deadly Monday morning
Speaker 12: crash of METVAC helicopter in Owen County, Kentucky. Three people
Speaker 12: were killed when the air VAK Life Team helicopter went
Speaker 12: down in a wooded area behind a restaurant as it
Speaker 12: flew to pick up a patient. This man lives near
Speaker 12: the site and says he heard the helicopter go down.
Speaker 9: I know there's going to be a lot of moments
Speaker 9: with the family, and I knows tree as a family
Speaker 9: that this.
Speaker 5: Parrow the community for the local area, you know, I mean.
Speaker 8: I will be praying for y'all.
Speaker 12: The company, in a statement, says our primary focus now
Speaker 12: is on supporting the families who were impacted, as well
Speaker 12: as our team members. President Joe Biden will announce a
Speaker 12: plan to replace all lead pipes in the country over
Speaker 12: the next ten years during a visit to the election
Speaker 12: battleground state of Wisconsin today. Biden and Milwaukee will pledge
Speaker 12: an additional two point six billion dollars from the Environmental
Speaker 12: Protection Agency to improve drinking water. As part of the plan,
Speaker 12: forty nine percent of the funding will go to disadvantage
Speaker 12: communities as grants or principal loan forgiveness. Finally, big news
Speaker 12: for lottery players. Changers are coming to the Mega Million's
Speaker 12: game in April. Lottery official Joshua Johnston says that the
Speaker 12: cost of tickets is increasing, but players will benefit from
Speaker 12: improved odds with a built in multiplier on every play.
Speaker 5: Bigger jackpots, better odds, faster jackpots, and more billionaires and millionaires.
Speaker 12: The new Mega Million's tickets will cost five dollars per play.
Speaker 12: Global news twenty four hours a day and whenever you
Speaker 12: want it with Bloomberg News Now. I'm Michael Barr.
Speaker 4: This is Bloomberg, Karen, and is a price higer, right,
Speaker 4: Michael Barr, thank you time now for the Bloomberg Sports Update,
Speaker 4: brought to you by try Stage Audi. Here's John stash Hour, John,
Speaker 4: good morning.
Speaker 13: Good morning, Karen. The Yankees were able to win the
Speaker 13: series opener because every time the Royals scored, the Yanks
Speaker 13: would respond. Couldn't do it Game two at the Stadium,
Speaker 13: not after Kansas City scored four runs in the fourth
Speaker 13: inning off Carlos Rodin, who had cruised to the first
Speaker 13: three and in sal Perez began the fourth of the
Speaker 13: home run Royals weren't done there. Yanks didn't score again
Speaker 13: until a Jazz Chisholm homer in the bottom of the
Speaker 13: ninth Royals one four to two. The series time at one,
Speaker 13: resuming tomorrow and case all season, Yanks have been better
Speaker 13: on the road. That gives Aaron Boone confidence.
Speaker 9: I think that's been a hallmark of our success, you know,
Speaker 9: especially after some difficult ones where you know it's just
Speaker 9: we've had a win or lost something late, or just
Speaker 9: a tough gut punch. You know, these guys are you know,
Speaker 9: these guys are really confident and understandably so. And we'll
Speaker 9: be ready to go in Game three.
Speaker 13: Food tomorrow, starting Clark Schmid. He got the nod ahead
Speaker 13: of Luis Heel. All four Division series are tied at one.
Speaker 13: Tigers and Guardians in Cleveland went to the ninth that
Speaker 13: he's still scoreless. Detroit's Kerry Carpenter two out three, one
Speaker 13: homer off Cleveland closer Emmanuel Cossa, who's been almost unhittable
Speaker 13: this season. The Tigers won three to nothing Mets in
Speaker 13: Phillies Game three tonight Cityfield, the mets first home games
Speaker 13: since September twenty second. They'll have Sean Minaya on the mound.
Speaker 13: Good night for Kansas City. Not only did the Royals win,
Speaker 13: the Chiefs beat the Saints twenty six to thirteen to
Speaker 13: stay undefeated. Patrick Mahomes three for three hundred and thirty
Speaker 13: one yards, Harrison Butker four field goals. New Orleans QB
Speaker 13: Derek Carr left the game in the fourth corn with
Speaker 13: a hip injury. The Saints started off two and oh.
Speaker 13: They've lost their last three. Next Monday, it's at MetLife
Speaker 13: Jets and Bills and Jets coach Robert Sallis as Aaron
Speaker 13: Rodgers'll be good to go.
Speaker 8: It's wite.
Speaker 13: The ankul injuries suffered.
Speaker 8: Sunday.
Speaker 13: Patriots safety Jabriel Peppers, team captain, just signed a new
Speaker 13: three year contract. Arrested charge with assault, battery, drug possession,
Speaker 13: and strangulation after the legendident with his girlfriend, Peppers pleaded
Speaker 13: not guilty. John Stashet were Bloomberg Sports Kenny.
Speaker 14: Ethan Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 14: and around the world on Bloomberg dot Com and the
Speaker 14: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 11: Good morning.
Speaker 2: I'm Nathan Hager. The conflict in the Middle East is
Speaker 2: now headed into its second year, with the region edging
Speaker 2: closer to all out war. Israel continues to take fire
Speaker 2: from Hamas and Hesbelah, and still is weighing its response
Speaker 2: to a Ron's ballistic missile attack last week. For the
Speaker 2: very latest, we are joined now by Rosalind Mathieson, Bloomberg's
Speaker 2: news director for Europe, the Middle East and Africa. Roz,
Speaker 2: good morning. Can you catch us up on what's been
Speaker 2: happening in the last twenty four hours. You understand Israel
Speaker 2: has continued to go after Hesbula this morning.
Speaker 8: Well, that's right.
Speaker 15: What we're seeing in the most recent couple of hours
Speaker 15: is that what is that in Lebanon, We're coming to
Speaker 15: a much more broader front in the conflict than we've
Speaker 15: seen previously. I mean, Israel has said that its incursion
Speaker 15: into Lebanon is going to be targeted and limited. But
Speaker 15: now they're bringing in a fourth division. This is a
Speaker 15: reservist division. It brings it to four and they're moving
Speaker 15: ever into the southwestern part of Lebanon. So you're getting
Speaker 15: a really elongated front in this conflict inside Lebanon. At
Speaker 15: this point, and you talk of the Israeli navy being involved,
Speaker 15: and that's sort of the coastal areas of Lebanon, and
Speaker 15: the whole idea is to prevent Hesbela from essentially replenishing
Speaker 15: its weapons in the area and to stop them being
Speaker 15: able to bring them in through either sea or land. Equally,
Speaker 15: what that's doing is preventing people from leaving the area.
Speaker 15: Some of the exits that they've got into Syrian whatnot
Speaker 15: are seemingly cut off at this point. The question is,
Speaker 15: you know, how much target and limited is this encursion
Speaker 15: going to end up being. Is Israel going to be
Speaker 15: drawn into a proper, true second front in this conflict,
Speaker 15: you know, something they've made clear they wanted to avoid.
Speaker 8: But equally it's clear.
Speaker 15: Is this warrant in Gaza, as you mentioned, enters its
Speaker 15: second year. There's a long way to go really for
Speaker 15: Israel to completely degrade either Hamas or Hezbala, these two
Speaker 15: key Iranian proxies in the region. We've seen it pick
Speaker 15: up again in the fighting in Gaza just yesterday and
Speaker 15: the day before, and it's clear that Hamas still has
Speaker 15: some capability. So the question is how much longer is
Speaker 15: this going to take for Israel to reach what it
Speaker 15: sees as its goals in this conflict, and can it
Speaker 15: actually achieve those goals truly of being able to fully
Speaker 15: degrade these outfits?
Speaker 2: Well raises the question, doesn't it rizull what the goals
Speaker 2: are up to this point, Israel has said once to
Speaker 2: get northern Israeli's back home. But if there's more of
Speaker 2: a focus now on Lebanon on Hesbol, where does that
Speaker 2: leave the fight against Hamas and the effort to bring
Speaker 2: hostages home from Gayzer.
Speaker 15: Well, that's right, there's just so many aspects to this
Speaker 15: conflict at the moment, including in Gaza. We've seen Israel
Speaker 15: operating again in the northern areas of Gaza in the
Speaker 15: last few days, some strikes also in central areas. They
Speaker 15: say that, you know, places that are being used for
Speaker 15: shelter by people in Gaza are also you know, staging
Speaker 15: pos for Hamas. That conflict that question again of you know,
Speaker 15: Hamas ostensibly using civilian areas to build their strongholds.
Speaker 8: And so even though.
Speaker 15: They say they've just they've killed a lot of the
Speaker 15: Hamas fighters in the past year, you know, tens of thousands,
Speaker 15: is claim many more remain And the question also is
Speaker 15: as this conflict goes on, you know, do a bit
Speaker 15: like a many haggrid hydra. Even though you lop off
Speaker 15: the head of some parts of the organization bit hesbula
Speaker 15: or hamas it's so nebulous, do you find that others
Speaker 15: are joining and are they getting fresh recruits as part
Speaker 15: of that process? So for Israel, you know, the question
Speaker 15: is what is the endgame and can it get there?
Speaker 12: Now?
Speaker 2: Only thirty seconds left? Ras the biggest head is Iran.
Speaker 2: Where is Israel when it comes to confronting Iran after
Speaker 2: the ballistic missile attack.
Speaker 8: Well, we know that Israel still considering its options.
Speaker 15: We know the Israeli defense ministers in the US meeting
Speaker 15: on having meetings on Wednesday. That suggests they've not yet
Speaker 15: decided what to do. We know the US is pushing
Speaker 15: them to not hit Iranian nuclear infrastructure or oil installations.
Speaker 8: That leaves military targets.
Speaker 15: But really Israel says they're going to have to do
Speaker 15: something quite proportionate.
Speaker 8: It just remains to be seen what that is.
Speaker 4: This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 8: I'm Karen Moscow.
Speaker 2: And I'm Nathan Hager. Join us again tomorrow morning for
Speaker 2: all the news you need to start your day right
Speaker 2: here on Bloomberg Daybreak