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Speaker 1: Good morning.

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Speaker 2: I'm Brian Curtis and I'm Doug Krisner.

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Speaker 1: Let's get all the latest in news that Baxter is

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Speaker 1: covering everything for us from the nine to sixty news

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Speaker 1: room in San Francisco.

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Speaker 3: Ed.

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Speaker 4: Yeah, thanks, Brian. Israel promising a ground component to its

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Speaker 4: war against a moss timing is the issue now, Iran

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Speaker 4: calling a spread of the war inevitable. That is Iran

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Speaker 4: a signal it is preparing, and Bloomberg's Oliver Crook and

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Speaker 4: Tel Aviv says already some of those components.

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Speaker 5: There's also a tension that's splitting to the north where

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Speaker 5: there have been increased skirmishes with Lebanon. We understand that

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Speaker 5: the Israeli government has now evacuated all of the civilians

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Speaker 5: on the border with Lebanon two kilometers out. So this

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Speaker 5: is the other question that we're watching it. Of course,

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Speaker 5: the US response has been to send a second aircraft

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Speaker 5: carrier unit into the region to again try to step

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Speaker 5: up the deterrens a little bit more.

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Speaker 4: I Meanwhile, Bloomberg's Amory Jrduran says President Biden still thinking

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Speaker 4: about making another trip to Israel.

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Speaker 6: This will be a.

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Speaker 7: Huge deterrence for the region. About the US's president and

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Speaker 7: also comes at a time that the US is sending

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Speaker 7: a second carrier strike group to the eastern Mediterranean. We

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Speaker 7: should not overlook the timing of all of this, So

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Speaker 7: potentially the president could go as soon as this week.

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Speaker 7: But Jonathan, we should know.

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Speaker 4: No decision has been made, and am Marie says there

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Speaker 4: are back channels between the US and Iran working and

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Speaker 4: day to day life in tel Aviv is very tense.

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Speaker 4: CTV correspondent Adrian Gibriel describes events earlier today on Bloomberg.

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Speaker 8: Just about fifteen minutes ago, we were running for cover

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Speaker 8: because air raid sirens were sounding yet again here in

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Speaker 8: Tel Aviv. There was about I believe three eight separate

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Speaker 8: air raid sirens throughout central eastern tel Aviv throughout the

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Speaker 8: afternoon today and so, in one word, it's unpredictable.

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Speaker 4: He says. Restaurants are closed, supermarkets lightly traveled, and for

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Speaker 4: the most part, people are hunkering down at home. And

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Speaker 4: a warning going out today from doctors about the humanitarian

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Speaker 4: crisis in Gaza. Gabriel, anaman who's with doctors without Border,

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Speaker 4: says no water means tragedy.

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Speaker 9: We need to have what installed back to the entire

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Speaker 9: Gaza Strip, not only to the south but to everyone.

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Speaker 4: He says food and electricity are major problem. So again

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Speaker 4: timing the big question of when Israel goes in on

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Speaker 4: the ground. Republican nominee for House Speaker, Jim Jordan says

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Speaker 4: there will be vote tomorrow and that he has picked

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Speaker 4: up critical support.

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Speaker 9: It's not about pressure on anybody. It's just about we've

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Speaker 9: got to have a speaker. You can't open the House

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Speaker 9: and do the work of the American people and help

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Speaker 9: our dearest and closest friend Israel if you don't have

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Speaker 9: a speaker. So we get the speaker, we get the

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Speaker 9: house open, and we get to work on the resolution.

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Speaker 10: Now.

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Speaker 4: Jordan picked up support from Armed Services Chair of MIKEL.

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Speaker 4: Roberts and Wagner, who sits on the Foreign Affairs Committee

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Speaker 4: as well, and Jonathan Tamary, Bloomberg reporter says Jordan is

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Speaker 4: getting much much closer.

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Speaker 11: He has gotten a lot closer today than he was

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Speaker 11: when you spoke to Congressman Heiseaga at the end of

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Speaker 11: last week. We've seen numerous mainstream Republicans who have even

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Speaker 11: the number of people who've been very resistant to Jim

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Speaker 11: Jordan come out and say they've had conversations with him,

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Speaker 11: had assurances they're now supporting it.

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Speaker 4: And there's also been pressure campaign from conservative wing other

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Speaker 4: party as well as the fact that Jim Jordan is

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Speaker 4: the Trump pick. And speaking of Trump, the judge in

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Speaker 4: the January sixth trial in DC has slapped a limited

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Speaker 4: gag order on him. Bloomberg Zoe Tillman starts starting here.

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Speaker 12: Starting out more narrowly tailored and say the consequence for

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Speaker 12: pushing the limit too far is to restrict him further

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Speaker 12: in what he can say about the case. You know,

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Speaker 12: I've talked with sources who have been on the bench

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Speaker 12: before who have said there can be things like monetary sanctions,

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Speaker 12: you know, daily fine, Now.

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Speaker 4: It leaves him to be able to attack his political opponents.

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Speaker 4: So we'll see what Trump does with that. Global News

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Speaker 4: powered by more than twenty seven hundred journalists and analysts

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Speaker 4: and over one hundred twenty countries in San Francisco, I'm

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Speaker 4: at Baxter and this is Bloomberg Garbland.

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Speaker 1: And thanks very much. We will be looking very closely

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Speaker 1: at this story all throughout the program. Interesting developments with

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Speaker 1: Israel's defense minister saying expect a long war We'll put

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Speaker 1: that to our guest, Alex Trehman coming up the Jerusalem

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Speaker 1: Bureau chief at the Jewish News Syndicate and also looking

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Speaker 1: at Russian President Vladimir Putin getting involved, talking to Egypt

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Speaker 1: and Iran and Syria and the Palestinian authority and the

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Speaker 1: impact on markets. We had a positive day today. Why

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Speaker 1: that's all coming up now in the top angles. The

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Speaker 1: Palestinian envoy two China has asked Beijing to play a

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Speaker 1: role in ending the war. Ambassador Fariz Madawi sided moves

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Speaker 1: that are currently underway by Western officials in trying to

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Speaker 1: prevent a spillover in the Middle East. Here's Madawi speaking

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Speaker 1: earlier with Bloomberg.

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Speaker 13: We need to stop what's going on. People are dying

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Speaker 13: and we need to address this situation. It's the obligation

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Speaker 13: of the international community. We are urging not only Palestinian

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Speaker 13: but the all Arab countries are urging everybody. We needly

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Speaker 13: joined coordinated efforts really to make this happen.

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Speaker 1: Mdawi did not specify fy exactly how Beijing could try

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Speaker 1: to play a role in the war. However, his comments

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Speaker 1: saw the latest in a chorus of voices looking for

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Speaker 1: Beijing to step up its efforts over the weekend, the

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Speaker 1: US Secretary of State Anthony Blincoln had urged China to

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Speaker 1: use its influence to prevent other actors from entering the conflict.

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Speaker 2: Well, Apple's new iPhone fifteen appears to be selling far

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Speaker 2: worse in China than the earlier generation. Separate studies are

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Speaker 2: pointing to essentially weak consumption. Counterpoint Research says over the

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Speaker 2: first seventeen days of release, sales of the new iPhone

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Speaker 2: were down four and a half percent compared with the

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Speaker 2: release of the iPhone fourteen. Meantime, analyst over at Jeffreys

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Speaker 2: believe iPhone fifteen sales were down double digit as Huahuei

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Speaker 2: outsold Apple. Here's Bloomberg's Alex Webb.

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Speaker 3: We have seen a slowing of sales in China. It's

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Speaker 3: not really dropped significantly, but if you look at trailing

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Speaker 3: twelve months sales, there has certainly been a flattening. The

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Speaker 3: key question is whether this is to do with a

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Speaker 3: sort of resist, just a Chinese nationalism and a real

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Speaker 3: gusto going behind. Huawei's new headline device, which may not

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Speaker 3: be able to sell, may be able to manufacture that

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Speaker 3: many units, but is that something that's taking chunks out

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Speaker 3: of Apple or secondly, is it just the Chinese economy.

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Speaker 3: If it's just the Chinese economy, then if that economy

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Speaker 3: of covers Apple will cover two.

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Speaker 2: That is Bloomberg's Alex where by the way, shares and

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Speaker 2: Apple were a little changed today here in New York, Brian.

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Speaker 1: All right, thanks very much, Doug Well. China is kicking

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Speaker 1: off its third Belt and Road Forum today in Beijing,

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Speaker 1: with geopolitical tensions hanging over the gathering. We get more

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Speaker 1: now from Bloomberg's Joanne Wong in Hong Kong.

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Speaker 10: President Chijinpink's big project faces a degree of criticism from

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Speaker 10: developing nations heavily laden with debt. The event has attracted

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Speaker 10: dignitaries from around the world, including Russian President Vladimir put In.

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Speaker 10: A meeting between she and put In may gather more

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Speaker 10: attention than the forum itself. The meeting will aim to

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Speaker 10: further strengthen ties between China and Russia. That says, so

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Speaker 10: to try to distance themselves from US pressure. Welton Roade

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Speaker 10: initiative suffered at low last months after Italy told China

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Speaker 10: it attends to quit. The forum runs today through tomorrow

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Speaker 10: in Hong Kong Joinne Wong Bloomberg Radio.

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Speaker 2: Today there was a wild swing in the price of

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Speaker 2: bitcoin that story from Bloomberg's and Kates.

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Speaker 14: The largest digital asset was whipsawed after a false report

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Speaker 14: circulated that the US had approved a long awaited exchange

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Speaker 14: traded fund. Blackrock said that its application for an ETF

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Speaker 14: that invests directly in cryptocurrency is still under review. The

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Speaker 14: episode suggests there remains a lot of excitement and hope

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Speaker 14: for a spot bitcoin product in the US, which regulators

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Speaker 14: in the past have refused to allow. The Securities and

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Speaker 14: Exchange Commission previously cited market manipulation among other reasons for

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Speaker 14: not granting an endorsement in Washington and Kate's Bloomberg Radio.

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Speaker 1: So again the bitcoin price stopping thirty thousand at one point,

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Speaker 1: now holding at twenty eight four hundred and forty three. Meantime,

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Speaker 1: some of the biggest US banks, Bank of America, Goldman, Sachs,

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Speaker 1: and Morgan Stanley are scheduled to report earning this week.

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Speaker 1: We get more from Bloomberg Three, not to Orogen.

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Speaker 6: Those three also happen to be the three worst performing

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Speaker 6: big bank stocks. Slightly different dynamics with Bank of America

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Speaker 6: you'd be looking at where what are they saying about

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Speaker 6: the economy? What are they saying about loan losses? Because

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Speaker 6: that's what we heard from JP, Morgan and Wells Fager.

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Speaker 6: Despite improving their INNIILA outlook, JP, Wells and even City

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Speaker 6: Group talked about loan losses increasing. On the forward with

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Speaker 6: Goldman Sachs and Morgan Stanley, however, all the commentary and

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Speaker 6: all the focus will be where are they seeing the

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Speaker 6: rebound in investment banking activity? Will twenty twenty four look

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Speaker 6: way better than where it is right now because when

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Speaker 6: they report their third quarter results, investment banking results.

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Speaker 14: Will still be depressed.

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Speaker 6: And perhaps that's the reason for why the stocks both

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Speaker 6: at Goldman Sachs and Morgan Stanley are down about nine

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Speaker 6: to ten percent this year.

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Speaker 1: That's Bloomberg three, not Toagen Bank of America and Goldman

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Speaker 1: Sachs report earnings tomorrow. Morgan Stanley then on Wednesday, let's

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Speaker 1: get to Alex Treman, Jerusalem bureau chief at Jewish News Syndicate. Alex,

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Speaker 1: thanks very much for being with us. So Israel says

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Speaker 1: prepare for a long war. Is that good news or

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Speaker 1: bad news for civilians? Does it mean a more careful

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Speaker 1: war by the IDF.

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Speaker 15: Well, the terrorgyhad that has been on Israel's borders in

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Speaker 15: the south with Amas and also to Israel's north, says Bolla,

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Speaker 15: and even withinside Israel in today in Samario commonly known

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Speaker 15: as the West Bank, and even inside Israeli cities. It's

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Speaker 15: a very complex threat and it will take time to

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Speaker 15: go inside of pookie trapped cities, inside of Gaza and

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Speaker 15: to extract, try to extract hostages, and at the same

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Speaker 15: time to take out from US's terror leadership and to

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Speaker 15: completely diminish our military capacity. I don't see any way

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Speaker 15: in which IDF could obliterate that threat and change the

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Speaker 15: name of the game in just a very short period

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Speaker 15: of time. Alex.

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Speaker 16: Of course, people in Israel are used to living in

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Speaker 16: the shadow of these sorts of threats less so a

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Speaker 16: conflict of the scale though, So what's the mood on

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Speaker 16: the ground in Jerusalem right now and then Israel more broadly.

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Speaker 15: Well, there's a lot of tension. Has been on the

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Speaker 15: rocket fire for over a week in Jerusalem. We were

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Speaker 15: forced to run into the Bob shelters after air raids islands,

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Speaker 15: and we heard booms over the city and there was

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Speaker 15: even a strike not far from the outskirts of Jerusalem,

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Speaker 15: and Jerusalem's in one of the quieter places. Also a

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Speaker 15: major tension because over three hundred thousand troops have been

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Speaker 15: amassed surrounding the thousand Envelow and every Israeli knows somebody

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Speaker 15: has a brother, a sister, a daughter, a father that

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Speaker 15: is called up the duty. And there is a lot

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Speaker 15: of men because the ground operation that's been imminent now

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Speaker 15: for several days and it continues to remain on hold.

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Speaker 15: So there's a little bit of uncertainty about what is

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Speaker 15: actually going to take place, even from Israel's side in

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Speaker 15: the coming days.

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Speaker 1: We heard that Russian President Vladimir Putin spoke with leaders

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Speaker 1: of Egypt and Iran and Syria and the Palestinian authority

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Speaker 1: and said that it was unanimous that a ceasefire was needed.

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Speaker 1: We talked with one of your colleagues yesterday who said

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Speaker 1: there is no way Israel would agree to a ceasefire.

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Speaker 1: Now is that based in fact or is it possible?

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Speaker 15: Well, first of all, I think it's humorous that Vladimir

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Speaker 15: Putin is the one calling for a ceasefire. You know

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Speaker 15: that it's we live in an iron an ironic age.

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Speaker 15: But I don't think that a ceasefire is possible right

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Speaker 15: now because the Israeli core has been shaken and there's

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Speaker 15: absolutely no way that the idea and the Israeli leadership

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Speaker 15: and quite frankly as really people are going to live

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Speaker 15: with the scenario which from US can infiltrate our borders,

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Speaker 15: kidnap thirteen sorry I murder thirteen hundred Israeli's kidnap and

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Speaker 15: take hostage over two hundred more, and that Israel will

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Speaker 15: justiffice with a few bombings over a couple of days

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Speaker 15: and allow Hamas to just re arm for the next battle.

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Speaker 16: Yeah, and to that point, I meant the Israeli Prime

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Speaker 16: Minister Benjamin and Yah who said that the plan was

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Speaker 16: to wipe Hamas off the face of the earth. But

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Speaker 16: is that possible considering the leadership of Hamas doesn't actually

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Speaker 16: even live in Gaza.

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Speaker 15: I think that it's completely possible to diminish Hamas's entire

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Speaker 15: military capability to take out as much of the senior

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Speaker 15: leadership as possible. I think you're correct that Hamas's op

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Speaker 15: leaders don't live inside of Kaza, and international efforts, including

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Speaker 15: efforts by Israel almost sad might be taken in order

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Speaker 15: to try to target Amasa's leadership. I don't think Hamas's

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Speaker 15: leaderships you could consider themselves a safe anywhere.

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Speaker 1: At this point, Israel has said that it has opened

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Speaker 1: up a safe corridor in the central part of Gasha

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Speaker 1: for residents up in the north to get to the south.

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Speaker 1: Tell us about how that is moving, and you know

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Speaker 1: how many more people need to get out who haven't

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Speaker 1: already left.

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Speaker 15: Hundreds of thousands of people from northern Gods are already

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Speaker 15: reported moving to the south heating and warnings of idea

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Speaker 15: they will reports CAMAS itself was setting up rod box

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Speaker 15: trying to prevent the movement of Gusin residents southward, and

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Speaker 15: there were either reports though or unconfirmed that Kamas actually

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Speaker 15: opened fire on individuals trying to move south. And it

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Speaker 15: seems pretty clear that Camas is hoping that Godsen's will

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Speaker 15: remain in place and that they will be come victim

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Speaker 15: of idf air rates in order to increase the death

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Speaker 15: bowls and into which would increase the blomatic pressure on

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Speaker 15: Israel to stop in separation.

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Speaker 16: Tell us about what's happening in the north of Israel

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Speaker 16: at the monment up by the border with Lebanon.

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Speaker 15: Sure. Well, there's been a cross border fighting for several days.

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Speaker 15: Just yesterday, anti tank missiles were fired into Israeli territory,

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Speaker 15: killing one civilian. There's been mortor shells fired back from

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Speaker 15: Hezbala into into the northern Israel, which has been returned

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Speaker 15: by IDEA fire at strategic points near the border. So

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Speaker 15: there's been a few. Uh. There's been also a Dronalis

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Speaker 15: sent a few days ago and was down to the

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Speaker 15: Israeli city in spot So we're already in a low

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Speaker 15: level conflict between Israel and Prince Baa, and there is

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Speaker 15: definitely the worry that all it takes is one trigger

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Speaker 15: happy Chrisbalah militant to turn this into a white skin outcomplete.

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