1 00:00:01,280 --> 00:00:04,560 Speaker 1: News when you want it with Bloomberg News Now. I 2 00:00:04,640 --> 00:00:08,320 Speaker 1: met Kalengi. A powerful solar storm put on an amazing 3 00:00:08,400 --> 00:00:11,600 Speaker 1: skyward light show across the globe Friday night into Saturday, 4 00:00:12,000 --> 00:00:14,920 Speaker 1: but has caused what appeared to be only minor disruptions 5 00:00:14,920 --> 00:00:19,520 Speaker 1: to the electric power grid, communications, and satellite positioning systems. 6 00:00:19,920 --> 00:00:25,280 Speaker 1: The US National Oceanic and Atmospheric Administration said extreme geomagnetic 7 00:00:25,320 --> 00:00:29,640 Speaker 1: storm conditions continued Saturday, and there were preliminary reports of 8 00:00:29,720 --> 00:00:34,720 Speaker 1: power grid irregularities, degradation of high frequency communications, and global 9 00:00:34,720 --> 00:00:39,120 Speaker 1: positioning systems, but the Federal Emergency Management Agency said that 10 00:00:39,200 --> 00:00:43,240 Speaker 1: so far, no FEMA region had reported any significant impact 11 00:00:43,280 --> 00:00:46,839 Speaker 1: from the storms. The US Department of Energy said Saturday 12 00:00:46,920 --> 00:00:49,800 Speaker 1: it is not aware of any impact from the storms 13 00:00:49,800 --> 00:00:54,680 Speaker 1: on electric customers. Israel ordered new evacuations in Gaza's southern 14 00:00:54,720 --> 00:00:58,000 Speaker 1: city of Rafa on Saturday, forcing tens of thousands more 15 00:00:58,040 --> 00:01:01,320 Speaker 1: people to leave, as it prepared to expand its military 16 00:01:01,360 --> 00:01:05,720 Speaker 1: operation closer to what is considered Gaza's last refuge in 17 00:01:05,800 --> 00:01:09,200 Speaker 1: defiance of growing pressure from close ally the United States 18 00:01:09,240 --> 00:01:13,880 Speaker 1: and others, as pro Palestinian protests continued against the war. 19 00:01:14,400 --> 00:01:17,200 Speaker 1: Israel's military also said it was moving into an area 20 00:01:17,200 --> 00:01:20,800 Speaker 1: of devastated northern Gaza, where it asserted that the Hamas 21 00:01:20,800 --> 00:01:25,240 Speaker 1: militant group has regrouped after seven months of fighting. Israel 22 00:01:25,319 --> 00:01:28,520 Speaker 1: has now evacuated the eastern third of Rafa, and top 23 00:01:28,600 --> 00:01:33,000 Speaker 1: military spokesman Rear Admiral Daniel Hagari said dozens of militants 24 00:01:33,040 --> 00:01:36,919 Speaker 1: had been killed there as targeted operations continued. The United 25 00:01:37,000 --> 00:01:40,360 Speaker 1: Nations has warned that the planned full scale Rafa invasion 26 00:01:40,680 --> 00:01:44,679 Speaker 1: would further cripple humanitarian operations and cause a surge in 27 00:01:44,760 --> 00:01:49,680 Speaker 1: civilian casualties along with inflation data. This week, the wind 28 00:01:49,680 --> 00:01:53,040 Speaker 1: down of earning season could give more clues on how 29 00:01:53,080 --> 00:01:56,840 Speaker 1: American customers and the economy are doing. Bloomberg S Nathan 30 00:01:56,880 --> 00:01:58,240 Speaker 1: Hagar reports. 31 00:01:57,880 --> 00:02:00,400 Speaker 2: We get results from home Depot on two TIS Tuesday 32 00:02:00,400 --> 00:02:03,920 Speaker 2: and Walmart Thursday. The home improvement chain is likely to 33 00:02:03,960 --> 00:02:06,920 Speaker 2: report as sales slowed down, high interest rates are keeping 34 00:02:06,920 --> 00:02:10,560 Speaker 2: people from moving more. Store brand sales could give Walmart 35 00:02:10,639 --> 00:02:13,200 Speaker 2: a boost. We'll see how spending in tech is going 36 00:02:13,240 --> 00:02:17,640 Speaker 2: when Cisco Systems reports on Wednesday, and after lackluster results 37 00:02:17,639 --> 00:02:21,520 Speaker 2: from Electronic arts and roadblocks, Take two Interactive adds to 38 00:02:21,560 --> 00:02:25,640 Speaker 2: the video game story on Thursday, Nathan Hager, Bloomberg Radio. 39 00:02:25,680 --> 00:02:29,839 Speaker 1: Brazil, the world's largest exporter of orange juice, is said 40 00:02:29,880 --> 00:02:33,200 Speaker 1: to have its worst harvest in thirty six years. The 41 00:02:33,240 --> 00:02:35,240 Speaker 1: story from Bloomberg's Charlie Pellett. 42 00:02:35,960 --> 00:02:39,160 Speaker 3: Heat waves severely hurt crops, and the research group Fund 43 00:02:39,160 --> 00:02:42,960 Speaker 3: Decitrius says the country will produce only two hundred thirty 44 00:02:42,960 --> 00:02:46,800 Speaker 3: two point four million boxes, each weighing ninety pounds for 45 00:02:47,000 --> 00:02:50,000 Speaker 3: the season that started this month. That is a twenty 46 00:02:50,040 --> 00:02:53,760 Speaker 3: four percent decline from a year earlier. Excessive heat brought 47 00:02:53,840 --> 00:02:57,080 Speaker 3: stress to orange trees during a crucial period of flowering 48 00:02:57,320 --> 00:03:01,679 Speaker 3: an early fruit formation between septemberberg and November last year. 49 00:03:02,160 --> 00:03:04,840 Speaker 3: In New York, Charlie Pellett Bloomberg Radio. 50 00:03:04,720 --> 00:03:08,239 Speaker 1: More guns are being stolen from people's cars than from 51 00:03:08,280 --> 00:03:11,480 Speaker 1: anywhere else in the country, Bloomberg's Amy Morris reports. 52 00:03:11,639 --> 00:03:14,720 Speaker 4: An FBI data analysis by the gun safety group Every 53 00:03:14,760 --> 00:03:17,320 Speaker 4: Town shows the rate of guns stolen from cars in 54 00:03:17,320 --> 00:03:20,839 Speaker 4: the US tripled over the past decade, climbing every year 55 00:03:20,880 --> 00:03:24,440 Speaker 4: and spiking during the coronavirus pandemic. The director of the 56 00:03:24,480 --> 00:03:28,120 Speaker 4: Bureau of Alcohol, Tobacco, Firearms, and Explosives says the alarming 57 00:03:28,160 --> 00:03:32,120 Speaker 4: trend underscores the need for Americans to safely secure their firearms. 58 00:03:32,400 --> 00:03:35,240 Speaker 4: Michael Bloomberg, the founder and majority owner of Bloomberg LP, 59 00:03:35,440 --> 00:03:37,960 Speaker 4: the parent of Bloomberg Radio, is a donor to groups 60 00:03:37,960 --> 00:03:40,960 Speaker 4: that support gun control, including every Town for Gun Safety. 61 00:03:41,200 --> 00:03:42,840 Speaker 4: Amy Moore as Bloomberg Radio. 62 00:03:42,720 --> 00:03:45,600 Speaker 1: And that's news. When you wanted with Bloomberg News. Now 63 00:03:45,840 --> 00:03:49,240 Speaker 1: I met Kleggy, and this is Bloomberg