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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug prisoner. The Middle East is bracing for deeper conflict

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Speaker 1: between Israel, Iran and its allied militias. This comes after

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Speaker 1: Israeli warplanes swooped over southern Lebanon in what the country

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Speaker 1: is calling a preemptive strike. It targeted thousands of Hesbelah

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Speaker 1: missile launchers. They were aimed at an intelligence site north

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Speaker 1: of Tel Aviv. Now. The government of Israel declared a

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Speaker 1: forty eight hour state of emergency and then shut its

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Speaker 1: main airport for several hours. Israel said Hesbelah responded by

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Speaker 1: firing more than two hundred projectiles, though officials said very

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Speaker 1: limited damage was caused. Meantime, negotiations in Cairo aimed at

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Speaker 1: establishing a ceasefire in Gaza between Israel and Hamas went

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Speaker 1: ahead as planned on Sunday. The messaging app Telegram is

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Speaker 1: questioning the grounds for the detention of its CEO, Pavel

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Speaker 1: Durov by authorities in France. AFP reported Durov was taken

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Speaker 1: into custody on suspicion of failing to take steps to

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Speaker 1: prevent criminal use of Telegram. His original detention was extended

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Speaker 1: by twenty four hours late on Sunday, Telegram said in

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Speaker 1: a statement that it is absurd to claim a platform

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Speaker 1: or its owner are responsible for the abuse of the platform.

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Speaker 1: Markets right now across the Asia Pacific are reacting to

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Speaker 1: FED share. Jay Powell last Friday, offering his most dubvish

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Speaker 1: signal yet on US monetary policy. He said the time

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Speaker 1: has come for the FED to cut its key policy rate.

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Speaker 2: The time has come for policy to adjust. The direction

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Speaker 2: of travel is clear, and the timing and pace of

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Speaker 2: rate cuts will depend on incoming data, the evolving outlook,

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Speaker 2: and the balance of risks.

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Speaker 1: That's Jay Powell's speaking at the FED symposium in Jackson Hole, Wyoming.

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Speaker 1: He made it clear that his intention is to prevent

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Speaker 1: cooling in the labor market.

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Speaker 2: The economy continues to grow at a solid pace, but

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Speaker 2: the inflation and labor market data show an evolving situation.

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Speaker 2: The upside risks to inflation have diminished and the downside

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Speaker 2: risks to employment have increased. As we highlighted in our

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Speaker 2: last FOMC statement, we are attentive to the risks to

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Speaker 2: both sides of our dual mandate.

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Speaker 1: Now, Powell's remarks did give market's a bit of clarity,

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Speaker 1: at least for the near term. However, Powell offered few

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Speaker 1: clues as to how the FED might proceed at or

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Speaker 1: after the September meeting. And before Powell's speech, we heard

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Speaker 1: from the head of the Bank of Japan, Governor Kazuo Uweita,

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Speaker 1: who was saying the boj would likely continue raising interest rates.

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Speaker 1: Apple has announced plans for the rollout of its next

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Speaker 1: generation iPhone and smart accessories. That story from Bloomberg's Tom Busby.

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Speaker 3: Apple will hold its biggest product launch event of the

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Speaker 3: year September tenth, unveiling the latest iPhone, the iPhone sixteen.

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Speaker 3: It'll have a larger screen, new camera features, and new

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Speaker 3: artificial intelligence tools under the brand Apple Intelligence. Also look

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Speaker 3: for new smart watches and AirPods, and those phones, by

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Speaker 3: the way, will be available on line and in stores

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Speaker 3: on September twentieth. Tom buzzby Bloomberg Radio.

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Speaker 1: US National security Advisor Jake Sullivan will travel to China

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Speaker 1: this week for the first time. More from Bloomberg's Nathan

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Speaker 1: Hagar in Washington.

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Speaker 4: A senior US official says Sullivan will be in China

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Speaker 4: from Tuesday through Thursday for meetings with Foreign Minister Wang Yee.

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Speaker 4: The official says Sullivan will bring up China's support for

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Speaker 4: Russia in the war in Ukraine and reiterate US positions

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Speaker 4: on the South China Sea and Taiwan. Wang is likely

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Speaker 4: to bring up US efforts to limit China's access to

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Speaker 4: advanced chip technology.

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Speaker 3: Now.

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Speaker 4: The two men have met face to face every few months,

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Speaker 4: but this could be the last time they see each

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Speaker 4: other before the election and will be the first time

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Speaker 4: they've met in China. In Washington. I'm Nathan Hager, Bloomberg Radio.

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Speaker 1: TV ratings are in for last week's Democratic National Convention.

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Speaker 1: That story from Bloomberg's Dan Schwartzman.

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Speaker 5: The television ratings are out for the Democratic National Convention.

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Speaker 5: The four day event in Chicago drew an average of

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Speaker 5: twenty one point eight million viewers, nearly fifth team percent

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Speaker 5: more than the Republican National Convention garnered. The final day

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Speaker 5: of the convention, when Vice President Kamala Harris spoke, drew

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Speaker 5: twenty eight point nine million viewers, around a half million

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Speaker 5: viewers more than when Republican nominee Donald Trump spoke last

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Speaker 5: month in Milwaukee. Dan Schwartzman, Bloomberg Radio.

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Speaker 1: And that is news when you want it with Bloomberg News.

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Speaker 1: Now I'm Doug prisoner and this is Bloomberg