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Speaker 1: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 1: are the stories we're following today.

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Speaker 2: We begin with the latest developments in the war in

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Speaker 2: the Middle East. The Pentagon says the US IS carried

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Speaker 2: out an airstrike on a weapons warehouse in eastern Syria.

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Speaker 2: Defense Secretary Lloyd Austin says the self defense strike was

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Speaker 2: in retaliation for attacks on American forces in Iraq and Syria. Meanwhile,

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Speaker 2: Israel says some fifty thousand more Palestinians have fled to

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Speaker 2: southern Gaza as Israel's army pushes deeper in to Hamas

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Speaker 2: strongholds in the north of the territory. All this as,

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Speaker 2: Former Secretary of State Hillary Clinton says, both Israel and

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Speaker 2: the Palestinians need new leadership.

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Speaker 3: So I think you have to create the environment in

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Speaker 3: which there is a chance to revitalize the peace process

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Speaker 3: and a potential for a two state solution. Hamas is

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Speaker 3: not interested in a two state solution. They are dedicated

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Speaker 3: to the destruction of Israel. That is in their charter.

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Speaker 3: If you've been watching lots of different outlets over the

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Speaker 3: last month, that is what the leaders of Hamas say,

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Speaker 3: you know they want to destroy Israel.

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Speaker 2: Former Secretary of State Hillary Clinton added that while Israel's

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Speaker 2: unlikely to agree to a ceasefire that would benefit Hamas,

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Speaker 2: it probably will accept pauses to allow aid to reach

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Speaker 2: civilians in Gaza. Clinton made the comments in an interview

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Speaker 2: with Bloomberg's editor in chief John Micklethwaite at the Bloomberg

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Speaker 2: New Economy Forum in Singapore.

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Speaker 1: Well Nathan. The war in the Middle East was a

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Speaker 1: major topic at last night's Republican presidential debate in Miami.

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Speaker 1: The five candidates on the NBC stage were united in

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Speaker 1: support of Israel, including Florida Governor Ronda Santis.

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Speaker 4: I would be telling BB finish the job once and

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Speaker 4: for all with these butchers. Come on, they're.

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Speaker 2: Proris, their massacring innocent people.

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Speaker 1: But there were devides over a to Ukraine and how

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Speaker 1: to approach China. Of ak Ramaswami and Nikki Haley had

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Speaker 1: a sharp exchange over banning TikTok in the last debate.

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Speaker 2: She made fun of me for actually joining TikTok while

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Speaker 2: her own daughter was actually using the app for a

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Speaker 2: long time. So you might want to take care of

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Speaker 2: your family first.

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Speaker 5: Read my appreciation daughter man.

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Speaker 2: Nikki Haley and the other candidates also went after front

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Speaker 2: runner Donald Trump for skipping the debate. Jeanie she and

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Speaker 2: Zano is a politics contributor for Bloomberg.

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Speaker 6: She said he was a good president for the time,

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Speaker 6: but he is not the right president for now. And

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Speaker 6: then she pointed to the fact that he created eight

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Speaker 6: trillion dollars in debt, he's wrong on Ukraine now, and

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Speaker 6: the fact that we can't live in the past.

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Speaker 2: Genie she Andzano notes the former president held a rally

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Speaker 2: ten miles away rather than appearing on the debate stage.

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Speaker 1: Meanwhile, Nathan House Republicans have issued subpoenas to members of

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Speaker 1: President Biden's family. The move to subpoena the president's son

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Speaker 1: Hunter and brother James comes as Republicans look to gain

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Speaker 1: ground in their nearly year long investigation. So far, they

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Speaker 1: have failed to uncover evidence directly implicating the President in

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Speaker 1: any wrongdoing.

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Speaker 2: Now to the latest developments caring in the New York

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Speaker 2: Front trial of Donald Trump, his daughter Ivanka's day on

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Speaker 2: the witness stand was filled with denials of any knowledge

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Speaker 2: of her family's net worth calculations. Sloomberg's Ed Baxter has

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Speaker 2: the story.

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Speaker 7: She says she didn't know that her dad was claiming

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Speaker 7: and that worth of more than four billion dollars as

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Speaker 7: she tried to get a loan for the Durreal Golf

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Speaker 7: Club in Florida. She flatly says she's not involved in

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Speaker 7: his personal financial statements. Attorney General Letitia James says, not true.

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Speaker 8: Ivanka Trump secured negotiated loans to obtain favorable terms based

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Speaker 8: on fraudulent statements of financial.

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Speaker 7: Condition, and she says the Trumps cannot hide from the truth.

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Speaker 7: The Attorney General has wrested Ad Baxter. Bloomberg Radio all.

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Speaker 1: Right ed, thanks well. From New York to Hollywood. The actors'

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Speaker 1: union has reached a deal with studios to end its strike.

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Speaker 1: Can we get the latest from Bloomberg's Doun Prisner.

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Speaker 4: The vote by the union's Theatrical Committee was unanimous. Common

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Speaker 4: ground was found on issues ranging from the use of

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Speaker 4: artificial intelligence to payment from streaming services, and now, after

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Speaker 4: four months, the strike by some one hundred and sixty

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Speaker 4: thousand actors is over. The previously striking screenwriters have been

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Speaker 4: back on the job for more than a month, so

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Speaker 4: now production of scripted TV shows and movies can resume.

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Speaker 4: And like the writers, the Actors' Union benefited from direct

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Speaker 4: involvement in the talks by some of the most powerful

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Speaker 4: people in Hollywood in New York. I'm Doug Prisner, Bloomberg Radio.

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Speaker 4: All right, Doug, thanks now. Some of those most powerful

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Speaker 4: people included Bob Eiger, and the settlement comes the same

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Speaker 4: day Eigers Walt Disney Company posted fourth quarter profit that

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Speaker 4: beat analyst estimates. Disney also says it'll cut an additional

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Speaker 4: two billion dollars in expenses. Bob Iger says his company

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Speaker 4: will also launch a beta trial bundle of Disney Plus

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Speaker 4: and Hulu next month.

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Speaker 9: We expected Hulu on Disney Plus will result in increased engagement,

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Speaker 9: greater advertising opportunities, lower churn, and reduced customer acquisition cost,

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Speaker 9: thereby increasing our overall margins.

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Speaker 2: Man Right now, shares of Bob Bigers Walt Disney Company

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Speaker 2: are higher by four percent in early trading.

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Speaker 1: Well Nathan, Another CEO, is making news this morning. Bank

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Speaker 1: of America's Brian moynihan said his company has a succession

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Speaker 1: plan in place and that nothing is left a chance

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Speaker 1: in deciding on his eventual replacement. Moynahan, who made the

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Speaker 1: remarks at the Reuters Next conference, took the helm in

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Speaker 1: twenty ten in the wake of the global financial crisis.

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Speaker 2: And there's another bank in the spotlight this morning, Karen.

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Speaker 2: That would be Morgan Stanley. Its wealth management business is

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Speaker 2: under Federal Reserve scrutiny, sources say the New York based

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Speaker 2: banks top regulators pressing whether the firm is taking adequate

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Speaker 2: measures to prevent potential money laundering by wealthy clients outside

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Speaker 2: the US. Representatives for the FED and Morgan Stanley declined

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Speaker 2: to comment.

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Speaker 1: And it's time now for a look at some of

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Speaker 1: the other stories making news around the world. For that,

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Speaker 1: we're joined by Bloomberg's John Tucker, John Good morning.

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Speaker 10: Hey, Good morning Karen. Former President Donald Trump did skip

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Speaker 10: the third uop to at in Miami, instead holding a

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Speaker 10: campaign rally about ten miles away in Heyaliah twenty twenty.

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Speaker 11: Four is our final battle.

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Speaker 12: Stand with me in the fight.

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Speaker 1: We will finish the job that we started so brilliantly

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Speaker 1: seven years ago.

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Speaker 11: We never had a country like we had just three

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Speaker 11: years ago.

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Speaker 10: Meantime, at judge in Michigan expected to hear arguments today

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Speaker 10: whether the Secretary of State there has the authority to

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Speaker 10: keep Donald Trump's name off state ballots for president. Various

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Speaker 10: groups have filed similar lawsuits in other states, portraying Trump

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Speaker 10: as the insider of the January sixth Capitol riot. They

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Speaker 10: point to part of the Constitution the prohibits a person

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Speaker 10: from running for federal office if they've engaged in insurrection

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Speaker 10: or rebellion. Industry regulators say power grades that supply more

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Speaker 10: than half of the US population may run short of

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Speaker 10: electricity during an extended cold snap or severe storm over

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Speaker 10: the coming winter. That story in this report from Bloomberg's

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Speaker 10: Charlie Pellett.

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Speaker 5: The North American Electric Reliability Corps as regional system operators

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Speaker 5: in a vast swath of the country, stretching from Texas

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Speaker 5: to New England, are at risk of insufficient electricity supplies

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Speaker 5: during peak winter conditions. The report came in a winter

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Speaker 5: reliability assessment which also showed Quebec and Saskatchewan facing the

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Speaker 5: threat of power shortfalls. The outlook is even more dire

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Speaker 5: than last year's report, which set a quarter of Americans

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Speaker 5: were at risk of cold weather power emergencies in New

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Speaker 5: York Charlie Pellett Bloomberg Radio.

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Speaker 10: The population of the US climbed to about three hundred

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Speaker 10: seventy million and twenty eighty before reversing course starting to

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Speaker 10: fall before the turn of the century. This according to

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Speaker 10: News Census Bureau projections and the bureau's most likely scenario,

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Speaker 10: the number of people sixty five or older, we'll overtake

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Speaker 10: the number under eighteen in just six years. Add A

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Speaker 10: nineteen thirty two painting by Pablo Picasso, fem A la Montre,

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Speaker 10: sold for one hundred and thirty nine point three million

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Speaker 10: dollars last night at Sotheby's in New York. At a stroke,

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Speaker 10: it becomes the second most expensive piece by the artist

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Speaker 10: to santl at auction. Global News twenty four hours a

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Speaker 10: day and whenever you want it with Bloomberg News Now.

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Speaker 10: I'm John Tucker and this is Bloomberg Karen.

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Speaker 1: All right, John, thank you well. We do bring you

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Speaker 1: news throughout the day right here on Bloomberg Radio. But now,

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Speaker 1: as John said, you can get the latest news on

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Speaker 1: demand whenever you want it. Subscribe to Bloomberg News Now

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Speaker 1: to get the latest headlines at the click of a button.

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Speaker 1: Get informed on your schedule. You can listen and subscribe

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Speaker 1: to Bloomberg News Now on the Bloomberg Business app, Bloomberg

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Speaker 1: dut Plus, Apples, Spotify, and anywhere else you get your podcasts.

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Speaker 1: Four off time now for the Bloomberg Sports Update with

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Speaker 1: John Stashauer, John Karen.

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Speaker 12: The NBA took Tuesday off to let everyone vote back

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Speaker 12: with a busy night on Wednesday, including showdowns in the

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Speaker 12: East and West. Both games won by home teams by

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Speaker 12: three points. In Philadelphia, the Sixers made it six wins

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Speaker 12: in a row. They beat the Celtics one oh six

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Speaker 12: to one oh three. They lost to Boston to the

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Speaker 12: second round of last year's playoffs, when they blew a

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Speaker 12: three to two series lead. The Sixers had the best

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Speaker 12: record in the East and the Denver Nuggets, defending NBA champs,

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Speaker 12: had the best record in the league eight and one.

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Speaker 12: They beat Golden State one o eight to one oh five.

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Speaker 12: N Koleokus scored thirty five points. Klay Thompson couldn't get

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Speaker 12: a shot off at the buzzer as he tried to

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Speaker 12: tie the game. Victor Wembin Yama's first game in New

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Speaker 12: York it didn't go well. He scored only fourteen points,

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Speaker 12: not only four of fourteen. The Spurs lost to the

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Speaker 12: Knicks one twenty six to one oh five. The Lakers

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Speaker 12: got blown out at U and lost by thirty four

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Speaker 12: Lakers or zero to five on the road. Shay Gilgess

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Speaker 12: Alexander report in forty three points for Oklahoma City in

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Speaker 12: a win over Cleveland. Capitals lost in overtime Florida one

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Speaker 12: four to three. Ron Washington, a seventy one year old

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Speaker 12: baseball lifer, named the new manager of the Los Angeles Angels.

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Speaker 12: He managed the Texas Rangers for eight years, won a

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Speaker 12: couple of tenants there, but he has not managed in

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Speaker 12: the big leagues since twenty fourteen. Not a great NFL

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Speaker 12: game tonight Chicago and Carolina. The Bears will again be

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Speaker 12: quarterbacked by the undrafted rookie Tyson Badge in third straight

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Speaker 12: week as Justin Field's not ready to return from the

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Speaker 12: injured thump. John stash Ellert Bloomberg Sports.

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Speaker 11: From coast to coast, from New York to San Francisco,

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Speaker 11: Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg

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Speaker 11: Business Appen Bloomberg dot Com. This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. We want to take you

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Speaker 2: to Singapore now and the Bloomberg New Economy Forum, where

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Speaker 2: world leaders have been weighing in on the economy and

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Speaker 2: geopolitical risks, including former Secretary of State Hillary Clinton. She

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Speaker 2: sat down with Bloomberg News Editor in chief John Micklethwaite

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Speaker 2: to discuss Israel, Ukraine, China, and the future of the

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Speaker 2: United States. They began with a discussion on President Biden's

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Speaker 2: upcoming meeting with Chinese President She Jinping.

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Speaker 3: Part of the reason it was, you know, somewhat more

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Speaker 3: positive when I was there and we had a very

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Speaker 3: regular set of meetings is because Hu Jintao was a

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Speaker 3: Chinese leader who decided he would not stay for life,

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Speaker 3: he would fulfill his term, he would follow the guidance

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Speaker 3: of the Chinese Communist Party, there would be a transition

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Speaker 3: a new group of leaders. You know, some holdovers, but

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Speaker 3: you know, other new faces would be in power, and

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Speaker 3: so there could be a constant renewing of both the

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Speaker 3: Chinese government and through that the American relationship. Once she

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Speaker 3: Jin Ping decided to stay in office for life, that

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Speaker 3: creates a lot of you know, challenges within their own system,

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Speaker 3: and I think we're seeing some of that. And so

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Speaker 3: part of what I hope will come out of this

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Speaker 3: meeting is an attitude by President Shei that you know,

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Speaker 3: he wants to get back to some kind of regular order,

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Speaker 3: that he sees it in China's interests to really dig

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Speaker 3: in with the President Biden, develop a platform for discussions

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Speaker 3: for problem solving, really sending that signal. I think he

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Speaker 3: will find a receptive partner with President Biden if that's available.

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Speaker 13: Israel and Hamas, I think you are in favor of

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Speaker 13: a humanitarian pause or pauses, but you're against the SIESFA

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Speaker 13: which many people in this region asking for. You know,

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Speaker 13: the numbers of dead arising rapidly ten thousand according to

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Speaker 13: Hamas Italy, but you still got like eighty nine dead

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Speaker 13: at the UN which is a gigantic number for United Nations,

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Speaker 13: the Red Crescent and so on. Can you perhaps explain

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Speaker 13: why you don't want to cease far?

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Speaker 3: There is a difference between a ceasefire which would in

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Speaker 3: effect freeze the situation in Hamas's favor. I negotiated a

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Speaker 3: ceasefire between Israel and Hamas in November of twenty twelve,

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Speaker 3: and at that point both parties did not want to

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Speaker 3: go any further. The breaching of a pre existing ceasefire

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Speaker 3: by Hamas with rockets being sent into Israel had not

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Speaker 3: caused a lot of damage, and there also had not

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Speaker 3: been the development of the infrastructure of terror that Hamas

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Speaker 3: has built in Gaza. I don't know any nation represented

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Speaker 3: at the New Economy Forum faced with the kind of

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Speaker 3: assault that Israel was faced with by Hamas that would

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Speaker 3: not be number one defending itself and number two trying

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Speaker 3: to prevent it from happening again, because with every other

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Speaker 3: cease fire it did happen again until finally we got

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Speaker 3: to the breach of a ceasefire which was in existence

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Speaker 3: on October seventh with the terrible attack by Hamas. So

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Speaker 3: a ceasefire, if it were possible which frankly, I don't

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Speaker 3: think is possible. I don't think you know, Israel is

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Speaker 3: interested in a ceasefire at this point, but they are

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Speaker 3: perhaps willing to have what we do call humanitarian pauses

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Speaker 3: for the purpose of both getting aid in to try

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Speaker 3: to assist the civilians in Gaza, but also getting the

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Speaker 3: more than two hundred and forty hostages out. You know,

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Speaker 3: these hostages are not just Israeli. One of the biggest

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Speaker 3: groups of hostages are workers from Thailand who are working

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Speaker 3: on farms in Israel. So there is a global dimension

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Speaker 3: to the hostages that a pause could perhaps inspire some

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Speaker 3: willingness on the part of Hamas to let the hostages go.

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Speaker 3: But a ceasefire that would freeze the situation at this

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Speaker 3: point is not something that is going to, you know,

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Speaker 3: really undermine Hamas's capacity, especially with two hundred miles of

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Speaker 3: tunnels that they have constructed over the last decade, to

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Speaker 3: launch yet another attack on Israel, and that would be intolerable,

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Speaker 3: and I think it would be intolerable for you know,

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Speaker 3: any nation represented at the forum.

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Speaker 13: Well, this seemed to be kind of two big theories

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Speaker 13: going on about this war. One is that this is

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Speaker 13: the end of the peace process, the other, which you've championed.

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Speaker 13: The other is that this is if nothing else, this

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Speaker 13: will prompt finally some move towards the two state solution.

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Speaker 13: Which which which side of that do you fit on?

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Speaker 8: Well?

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Speaker 3: I actually try to fit on both, and I'll tell you, John,

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Speaker 3: I think it's important to have some aspiration, some goal

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Speaker 3: that we can look toward. Many of us, my husband particularly,

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Speaker 3: worked very hard on trying to get a two state solution,

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Speaker 3: and it, frankly, in retrospect, is heartbreaking that Yaser Arafat

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Speaker 3: walked away from the deal that Bill had broker between

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Speaker 3: Israel and the Palestinian authority back in two thousand. There

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Speaker 3: could have been a Palestinian state up to ninety seven

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Speaker 3: percent of the land from the nineteen forty eight division

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Speaker 3: that would have been in existence for twenty three years now.

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Speaker 3: So I think you have to create the environment in

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Speaker 3: which there is a chance to revitalize the peace process

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Speaker 3: and a potential for a two state solution. Hamas is

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Speaker 3: not interested in a two state solution. They are dedicated

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Speaker 3: to the destruction of Israel. That is in their charter.

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Speaker 3: If you've been watching lots of different outlets over the

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Speaker 3: last month. That is what the leaders of Hamas say.

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Speaker 3: You know, they want to destroy Israel. So Hamas is

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Speaker 3: not a partner for any kind of peace or two

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Speaker 3: state solution. But the Palestinian authority might one time again be.

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Speaker 3: New leadership in Gaza might again be So we have

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Speaker 3: to get to a point where that's possible.

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Speaker 13: Do you think that Benuine Nasignol, who is a partner

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Speaker 13: for a two state solution.

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Speaker 3: I don't think there is any evidence of that. I

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Speaker 3: think the Israeli people will have to decide about his leadership.

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Speaker 3: I think there will be investigations about what led up

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Speaker 3: to and what happened on October the seventh. But I

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Speaker 3: think there needs to be new leadership of the Israelis

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Speaker 3: and the Palestinians in order to have any chance at

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Speaker 3: some kind of peace deal, especially a two state solution.

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Speaker 13: There's one area just I lost you once serious one,

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Speaker 13: then that are slightly more amusing one. But on the

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Speaker 13: serious side, you look at things like Ukraine. At the moment,

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Speaker 13: there is definitely a strategy among America's enemies. You could

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Speaker 13: see putin waiting perhaps for Trump, trying to dig in

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Speaker 13: and wait, but also I think also counting on Congress

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Speaker 13: where you feel that Congress feels over extended. It's got

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Speaker 13: the border, it's got spotenningh I'm in Israel. Do you

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Speaker 13: worry about America feeling as if it's over extended and

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Speaker 13: unable to carry out the kind of global policies that

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Speaker 13: you believed in.

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Speaker 3: Well up until now, the Biden administration has done quite

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Speaker 3: a remarkable job. I mean, they put together a coalition

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Speaker 3: to support Ukraine, which I think many people would have

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Speaker 3: thought unlikely when Biden took office. So I do think

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Speaker 3: the legislative agenda that Biden got passed is also another

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Speaker 3: very strong indicator of being able to get things done.

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Speaker 3: I do agree with you that it is going to

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Speaker 3: be challenging in the Congress to get more funding for

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Speaker 3: Ukraine to provide the funding Israel needs to provide the

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Speaker 3: kind of support that is required to keep our alliances

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Speaker 3: strong around the world. But at the end of the day,

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Speaker 3: I think the president will get that. And I also

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Speaker 3: think there's an opportunity for the President because the Republicans

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Speaker 3: in the Senate have said, you know, we're on board

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Speaker 3: with all of this, but we want to make some

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Speaker 3: changes at the border. I think that, you know, the

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Speaker 3: Democrats should negotiate to see what kinds of changes would

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Speaker 3: be palatable for the Democrats in order to secure the border,

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Speaker 3: in order to make it clear that you know, Democrats

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Speaker 3: want a secure border and a humane system for people

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Speaker 3: who are trying to enter the United States, but we

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Speaker 3: want it to be orderly. So I think there's going

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Speaker 3: to be a lot of tough negotiation. At the end,

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Speaker 3: I think the president will get what he needs.

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Speaker 13: One very last things on the Republican side, you will

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Speaker 13: have noticed how much traction Nicky Haley has been getting

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Speaker 13: as a woman who was the American ambassador the UN.

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Speaker 13: Do you think that Biden was to stumble that might

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Speaker 13: be room for another woman with slightly more foreign policy.

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Speaker 3: Well, I don't know the answer to that, but I

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Speaker 3: hope Biden doesn't stumble. I hope that he goes all

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Speaker 3: the way to the finish line because I think he's

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Speaker 3: earned it, he deserves it, and you know, honestly, the

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Speaker 3: only real argument or complaint is that he's old. And

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Speaker 3: you know what, I think everybody who's his age would

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Speaker 3: be very happy if they were as productive as he

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Speaker 3: is and has gotten as much done as he has,

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Speaker 3: and traveled the schedule he's traveled, so you know, I'm

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Speaker 3: going to continue to support him, and I think he's

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Speaker 3: our best candidate for twenty twenty four.

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Speaker 2: And that was former Secretary of State Hillary Clinton speaking

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Speaker 2: with Bloomberg News Editor in chief John Mikelthwaite. This is

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Speaker 2: Bloomberg day Break Today, your morning brief on the story's

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