1
00:00:02,880 --> 00:00:05,320
Speaker 1: Deuce when you want it with Bloomberg News Now, I'm

2
00:00:05,360 --> 00:00:09,959
Speaker 1: Doug Krisner. Israeli defense forces say its troops have begun limited,

3
00:00:10,039 --> 00:00:14,040
Speaker 1: localized and targeted raids against Hesbolah targets in the border

4
00:00:14,120 --> 00:00:18,160
Speaker 1: area of southern Lebanon. This further expands the campaign against

5
00:00:18,239 --> 00:00:23,080
Speaker 1: the Iran backed organization following Israel's killing of Hesbalah's leader

6
00:00:23,360 --> 00:00:27,640
Speaker 1: Hassan Nostralla on Friday. Meantime, the US, the European Union,

7
00:00:27,760 --> 00:00:31,120
Speaker 1: and Arab powers are calling for a cease fire now.

8
00:00:31,240 --> 00:00:34,120
Speaker 1: US officials say they did expect Israel to launch a

9
00:00:34,159 --> 00:00:38,320
Speaker 1: limited ground incursion into Lebanon, and they have cautioned Prime

10
00:00:38,360 --> 00:00:42,760
Speaker 1: Minister benjaminett Yahoo's government against a larger and longer term

11
00:00:42,760 --> 00:00:48,120
Speaker 1: operation that risk a direct confrontation with Tehran. Ports along

12
00:00:48,159 --> 00:00:51,000
Speaker 1: the US East and Gulf Coast are preparing for a

13
00:00:51,120 --> 00:00:54,720
Speaker 1: dockworkers strike. It will begin at twelve oh one a m.

14
00:00:54,880 --> 00:00:59,720
Speaker 1: Wall Street time today. US Transportation Secretary Pete Buddhajet said

15
00:01:00,080 --> 00:01:02,680
Speaker 1: if a strike goes through, it won't take long to

16
00:01:02,680 --> 00:01:03,520
Speaker 1: feel its impact.

17
00:01:03,720 --> 00:01:07,160
Speaker 2: Now, if you think about the timelines of ocean shipping,

18
00:01:07,600 --> 00:01:10,560
Speaker 2: obviously they're very different from the timelines associated with something

19
00:01:10,680 --> 00:01:14,680
Speaker 2: like air freight and the stocks that you expect to

20
00:01:14,720 --> 00:01:16,520
Speaker 2: see are to kind of a day by day thing,

21
00:01:16,640 --> 00:01:20,680
Speaker 2: but it doesn't take long before you would really feel

22
00:01:20,680 --> 00:01:21,720
Speaker 2: the impacts of that.

23
00:01:21,720 --> 00:01:25,560
Speaker 1: That was US Transportation Secretary Pete Boodaje edge. Now there

24
00:01:25,600 --> 00:01:29,679
Speaker 1: has been progress in talks between port employees and dock workers.

25
00:01:30,080 --> 00:01:32,959
Speaker 1: The US Maritime Alliance says it is offered to boost

26
00:01:33,000 --> 00:01:36,280
Speaker 1: wages for dock workers by nearly fifty percent in an

27
00:01:36,280 --> 00:01:41,040
Speaker 1: effort to resume negotiations with the International Longshoreman's Union and

28
00:01:41,160 --> 00:01:44,880
Speaker 1: to avoid a potentially crippling strike on the East Coast

29
00:01:45,040 --> 00:01:49,320
Speaker 1: and Gulf Ports. Vice President Kamala Harris gave remarks as

30
00:01:49,360 --> 00:01:52,520
Speaker 1: well as an update on the damage from Hurricane Helene

31
00:01:52,560 --> 00:01:56,120
Speaker 1: at FEMA headquarters in Washington, d C. Harris spoke with

32
00:01:56,240 --> 00:02:00,000
Speaker 1: North Carolina Governor Roy Cooper and Georgia Governor Brian Cakay,

33
00:02:00,600 --> 00:02:03,960
Speaker 1: and she plans to be on the ground to assess damages.

34
00:02:03,800 --> 00:02:06,000
Speaker 3: And over the past twenty four hours, I have spoken

35
00:02:06,080 --> 00:02:09,640
Speaker 3: with Governor Kemp of Georgia, Governor Cooper of North Carolina,

36
00:02:09,720 --> 00:02:13,760
Speaker 3: and many local officials. I have shared with them that

37
00:02:13,800 --> 00:02:17,600
Speaker 3: we will do everything in our power to help communities

38
00:02:17,720 --> 00:02:21,160
Speaker 3: respond and recover, and I've shared with them that I

39
00:02:21,240 --> 00:02:23,320
Speaker 3: plan to be on the ground as soon as possible,

40
00:02:24,040 --> 00:02:29,040
Speaker 3: but as soon as possible without disrupting any emergency response operations,

41
00:02:29,040 --> 00:02:31,560
Speaker 3: because that must be the highest priority in the first

42
00:02:31,639 --> 00:02:32,400
Speaker 3: order of business.

43
00:02:33,040 --> 00:02:36,280
Speaker 1: That was Vice President Kamala Harris. FED Chair Jay Powell

44
00:02:36,360 --> 00:02:39,840
Speaker 1: said today the Central Bank will lower infrastrates over time.

45
00:02:40,360 --> 00:02:44,360
Speaker 1: He told the National Association of Business Economics, the American

46
00:02:44,400 --> 00:02:45,959
Speaker 1: economy is on solid ground.

47
00:02:46,760 --> 00:02:49,680
Speaker 4: If the economy slows more than we expect, then we

48
00:02:49,720 --> 00:02:52,640
Speaker 4: can cut faster. If it slows less than we expect,

49
00:02:52,760 --> 00:02:54,679
Speaker 4: we can cut slower. And that's really what's going to

50
00:02:54,720 --> 00:02:57,680
Speaker 4: decide it. But I think from a base case standpoint,

51
00:02:58,000 --> 00:03:00,440
Speaker 4: we're looking at it as a process that will play

52
00:03:00,440 --> 00:03:04,000
Speaker 4: out over some time, not something that we need to

53
00:03:04,040 --> 00:03:04,680
Speaker 4: go fast on.

54
00:03:04,840 --> 00:03:07,079
Speaker 1: FED Chair J Powell. There he went on to say

55
00:03:07,120 --> 00:03:10,680
Speaker 1: he remains confident that inflation will continue moving toward the

56
00:03:10,680 --> 00:03:14,400
Speaker 1: fed's two percent target, and he added economic conditions have

57
00:03:14,440 --> 00:03:19,040
Speaker 1: set the table for a further easing of price pressures. Tomorrow,

58
00:03:19,120 --> 00:03:22,880
Speaker 1: Vice presidential nominees jd Vance and Tim Walls will face

59
00:03:22,919 --> 00:03:26,440
Speaker 1: off for their first and potentially only debate before the

60
00:03:26,520 --> 00:03:30,600
Speaker 1: November election. More from Bloomberg's Amy Morris in Washington.

61
00:03:30,440 --> 00:03:32,880
Speaker 5: The ninety minute debate will be in New York. Walls

62
00:03:33,000 --> 00:03:35,880
Speaker 5: was asked about debate press, how are you hearing about debate?

63
00:03:35,920 --> 00:03:37,240
Speaker 5: Prime going great?

64
00:03:37,320 --> 00:03:38,280
Speaker 3: This is the fun part.

65
00:03:38,400 --> 00:03:41,760
Speaker 5: Last month, Vance said he was already deep into debate Press.

66
00:03:41,840 --> 00:03:43,800
Speaker 2: Well, I found a good friend from back home who

67
00:03:43,800 --> 00:03:45,880
Speaker 2: embellishes and lies a lot, and I'm having to him

68
00:03:45,920 --> 00:03:47,960
Speaker 2: stand in for Tim Walls. That's what we're doing during

69
00:03:48,000 --> 00:03:48,440
Speaker 2: our debate.

70
00:03:48,520 --> 00:03:51,520
Speaker 5: The latest Bloomberg News Morning Consult poll of registered voters

71
00:03:51,560 --> 00:03:54,480
Speaker 5: in seven swing states shows Walls with a higher net

72
00:03:54,520 --> 00:03:57,960
Speaker 5: favorability rating the advance. There will be no opening statements

73
00:03:57,960 --> 00:04:00,800
Speaker 5: and no studio audience. Mike's will be live throughout the event.

74
00:04:01,000 --> 00:04:04,480
Speaker 5: Moderators commute the mics at their discretion. Pre Written notes

75
00:04:04,520 --> 00:04:07,160
Speaker 5: are not allowed on stage, but they'll have pens, paper,

76
00:04:07,200 --> 00:04:10,960
Speaker 5: and water. Each candidate has two minutes for closing statements.

77
00:04:11,240 --> 00:04:13,480
Speaker 5: In Washington, Amymore as Bloomberg Radio.

78
00:04:13,520 --> 00:04:17,279
Speaker 1: You can catch the CBS News Vice presidential simulcast on

79
00:04:17,360 --> 00:04:21,280
Speaker 1: a special edition of Bloomberg's Balance of Power. It begins

80
00:04:21,320 --> 00:04:24,599
Speaker 1: tomorrow night, eight pm Wall Street Time on Bloomberg Radio

81
00:04:24,920 --> 00:04:29,160
Speaker 1: and Television. The Atlanta Braves and New York Mets both

82
00:04:29,200 --> 00:04:34,159
Speaker 1: secured their spots in the MLB postseason by splitting today's doubleheader.

83
00:04:34,640 --> 00:04:38,440
Speaker 1: And Pete Rose, the MLB's all time hits leader, has died.

84
00:04:38,920 --> 00:04:41,839
Speaker 1: He was eighty three. That is news when you want

85
00:04:41,839 --> 00:04:44,719
Speaker 1: it with Bloomberg News Now. I'm Doug Chrisner, and this

86
00:04:44,880 --> 00:04:45,440
Speaker 1: is Bloomberg