1 00:00:00,920 --> 00:00:04,720 Speaker 1: News when you wanted with Bloomberg News Now, I'm Larry Kofski. 2 00:00:05,080 --> 00:00:08,520 Speaker 1: Hamas has released an initial group of twenty four hostages 3 00:00:08,560 --> 00:00:11,559 Speaker 1: held in Gaza amid a four day troops with Israel. 4 00:00:11,920 --> 00:00:14,880 Speaker 1: The group was made up of thirteen Israeli, some with 5 00:00:15,000 --> 00:00:18,479 Speaker 1: dual citizenship, as well as ten Thai nationals and a 6 00:00:18,520 --> 00:00:22,480 Speaker 1: citizen of the Philippines. All were women or children. Speaking 7 00:00:22,560 --> 00:00:26,840 Speaker 1: in Nantucket, Massachusetts, where he's spending the Thanksgiving holiday, President 8 00:00:26,880 --> 00:00:30,040 Speaker 1: Biden said he expects more hostages to be released in 9 00:00:30,080 --> 00:00:30,880 Speaker 1: the days ahead. 10 00:00:31,000 --> 00:00:33,000 Speaker 2: We don't know when that will occur, but we're going 11 00:00:33,080 --> 00:00:36,400 Speaker 2: to be expect it to occur. And we don't know 12 00:00:36,440 --> 00:00:38,800 Speaker 2: what the list of all the hostages are and when 13 00:00:38,840 --> 00:00:41,640 Speaker 2: they'll be released, but we know the numbers they're going 14 00:00:41,680 --> 00:00:44,479 Speaker 2: to be released, so as my hope and expectation will 15 00:00:44,520 --> 00:00:44,880 Speaker 2: be soon. 16 00:00:45,000 --> 00:00:47,720 Speaker 1: Speaking with reporters, the President said he does not know 17 00:00:47,800 --> 00:00:51,600 Speaker 1: the conditions of ten Americans who remain unaccounted for. The 18 00:00:51,640 --> 00:00:54,160 Speaker 1: truce is a critical moment in the war, marking the 19 00:00:54,160 --> 00:00:58,680 Speaker 1: first major cessation of hostilities since October seventh, when Hamas 20 00:00:58,760 --> 00:01:02,760 Speaker 1: launched a deadly raid on Israel. The post Thanksgiving rush 21 00:01:02,800 --> 00:01:06,040 Speaker 1: for deals is on shoppers are out in force in 22 00:01:06,160 --> 00:01:10,000 Speaker 1: stores and online. We caught up with Macy's CEO, Jeff 23 00:01:10,040 --> 00:01:13,399 Speaker 1: gannet it it's New York City flagship. He says, Black 24 00:01:13,400 --> 00:01:16,559 Speaker 1: Friday is just the beginning of a three part holiday season. 25 00:01:16,600 --> 00:01:18,720 Speaker 3: We look at kind of Black Friday through Cyber Week, 26 00:01:18,840 --> 00:01:20,640 Speaker 3: then we go into a lull. It's like ten days 27 00:01:20,640 --> 00:01:22,880 Speaker 3: where people kind of reset, and then those last ten 28 00:01:22,959 --> 00:01:26,240 Speaker 3: days become increasingly important. So it's one of the three 29 00:01:26,280 --> 00:01:28,000 Speaker 3: stages right now that we are at. The kind of 30 00:01:28,000 --> 00:01:29,600 Speaker 3: the Christmas shopping is a homer. 31 00:01:29,400 --> 00:01:32,280 Speaker 1: End right now, and that says consumers may be under pressure, 32 00:01:32,319 --> 00:01:35,120 Speaker 1: but they still want gifts. He was a guest on 33 00:01:35,200 --> 00:01:39,560 Speaker 1: Bloomberg's Surveillance. Here the full conversation on the Surveillance podcast. 34 00:01:40,160 --> 00:01:43,200 Speaker 1: More Americans are expected to buy now, pay later for 35 00:01:43,280 --> 00:01:47,080 Speaker 1: the holidays, and as Bloomberg's Amy Morris reports, analysts see 36 00:01:47,120 --> 00:01:48,000 Speaker 1: you growing risk. 37 00:01:48,200 --> 00:01:51,279 Speaker 4: Consumers are expected to use buy now, pay later payment 38 00:01:51,280 --> 00:01:54,600 Speaker 4: plans heavily this holiday season, a forecast that vodes well 39 00:01:54,640 --> 00:01:58,200 Speaker 4: for retailers but has credit experts sounding alarm bells. The 40 00:01:58,240 --> 00:02:00,920 Speaker 4: short term loans often come with con sumer friendly interest 41 00:02:01,000 --> 00:02:03,960 Speaker 4: rates and allow shoppers to make an initial payment at checkout, 42 00:02:04,080 --> 00:02:06,600 Speaker 4: then pay the rest and installments, typically over a few 43 00:02:06,640 --> 00:02:09,680 Speaker 4: weeks or months. Analysts say key features of the plans 44 00:02:09,720 --> 00:02:13,600 Speaker 4: can make borrowing too easy, saddling consumers with excessive debt. 45 00:02:13,919 --> 00:02:15,320 Speaker 4: Amymore as Bloomberg Radio. 46 00:02:15,840 --> 00:02:18,280 Speaker 1: Black Friday was a quiet day on Wall Street, with 47 00:02:18,360 --> 00:02:21,720 Speaker 1: training ending three hours early. The main averages were mixed, 48 00:02:21,720 --> 00:02:24,520 Speaker 1: with the Dow gaining three tenths of one percent, the 49 00:02:24,720 --> 00:02:27,600 Speaker 1: S and P little changed, and the Nasdaq down a 50 00:02:27,680 --> 00:02:31,480 Speaker 1: tenth of a percent. Strong reaction in Ireland after three 51 00:02:31,680 --> 00:02:34,280 Speaker 1: children were stabbed in front of a school in Dublin. 52 00:02:34,560 --> 00:02:37,480 Speaker 1: Police say a five year old girl is receiving emergency 53 00:02:37,520 --> 00:02:40,840 Speaker 1: medical treatment at a local hospital. Two other children and 54 00:02:40,880 --> 00:02:45,240 Speaker 1: a woman were also injured, the woman seriously. Drew Harris, 55 00:02:45,280 --> 00:02:48,520 Speaker 1: Commissioner of the National Police Services, spoke at a news 56 00:02:48,560 --> 00:02:51,919 Speaker 1: conference about the public street violence that followed the stabbing. 57 00:02:52,000 --> 00:02:57,280 Speaker 5: We have a complete lunatic hooligan faction driven by far 58 00:02:57,440 --> 00:03:02,920 Speaker 5: right ideology on also the DAN. This disruptive tendency here 59 00:03:03,680 --> 00:03:05,680 Speaker 5: engaged in in serious violence. 60 00:03:05,720 --> 00:03:08,040 Speaker 1: A person of interest, a man in his fifties, is 61 00:03:08,080 --> 00:03:11,400 Speaker 1: in police custody. He was arrested at the scene. A 62 00:03:11,400 --> 00:03:14,720 Speaker 1: flurry of high profile sexual abuse lawsuits were filed in 63 00:03:14,800 --> 00:03:17,800 Speaker 1: New York this week to beat the expiration of a 64 00:03:17,840 --> 00:03:21,640 Speaker 1: state law that temporarily lifted the statute of limitations on 65 00:03:21,720 --> 00:03:26,000 Speaker 1: sexual abuse and harassment claims. The list of defendants includes 66 00:03:26,080 --> 00:03:29,800 Speaker 1: New York Mayor Eric Adams, music mogul Sean Diddy, Combs, 67 00:03:29,840 --> 00:03:33,520 Speaker 1: and rock legend Axel Rose. All could face jury trials 68 00:03:33,560 --> 00:03:37,360 Speaker 1: if the claims against them aren't dismissed or settled. Double 69 00:03:37,400 --> 00:03:41,640 Speaker 1: amputee Olympic runner Oscar Pistorius has been granted parole more 70 00:03:41,680 --> 00:03:44,720 Speaker 1: than a decade after shooting his girlfriend through a bathroom 71 00:03:44,760 --> 00:03:48,120 Speaker 1: door at his home in South Africa. He'll be released 72 00:03:48,200 --> 00:03:52,040 Speaker 1: January fifth. Pistorius was one of the world's most admired 73 00:03:52,080 --> 00:03:56,279 Speaker 1: athletes when he shot Rev Steinkamp multiple times on Valentine's 74 00:03:56,360 --> 00:03:59,960 Speaker 1: Day twenty thirteen, saying he mistook her for an intruder. 75 00:04:00,720 --> 00:04:03,200 Speaker 1: As you shop for a gift for your favorite chef, 76 00:04:03,600 --> 00:04:07,800 Speaker 1: maybe a new mixer. Whirlpool and Hamilton Beach are mixing 77 00:04:07,840 --> 00:04:10,840 Speaker 1: it up in court. Whirlpool, the maker of kitchen aid, 78 00:04:11,040 --> 00:04:15,160 Speaker 1: says Hamilton Beach is falsely advertising it's cheap knockoff stand 79 00:04:15,200 --> 00:04:18,640 Speaker 1: mixer in claims on its packaging and in its ads, 80 00:04:18,960 --> 00:04:22,320 Speaker 1: Whirlpool says that while both appliances may offer the same 81 00:04:22,400 --> 00:04:27,040 Speaker 1: mixing action, it's KitchenAid mixers are more powerful. It's seeking 82 00:04:27,120 --> 00:04:31,279 Speaker 1: damages and wants Hamilton Beach to issue corrective advertising. And 83 00:04:31,360 --> 00:04:34,320 Speaker 1: that's news when you want it with Bloomberg News Now, 84 00:04:34,720 --> 00:04:37,839 Speaker 1: I'm Larry Cofskin. This is Bloomberg