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Speaker 1: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 1: are the stories we're following today.
Speaker 3: Let's get the latest developments on the war in the
Speaker 3: Middle East. The US has conducted airstrikes in eastern Syria
Speaker 3: on targets link to Iran. Those strikes come as talks
Speaker 3: intensified to secure the release of hostages in the Gaza
Speaker 3: strip As Bloomberg News Managing editor Sylvia Westall reports, President
Speaker 3: Biden discussed that issue with the leader of Katar last night.
Speaker 4: Kata's quite question important role in this. It's already helped
Speaker 4: mediate between Israel, Hamas and foreign governments to release a
Speaker 4: small number of people and the estimates for around about
Speaker 4: two hundred hostages still trapped there, and are those talks ongoing.
Speaker 4: There's been discussions between Biden and the ruler of Katar
Speaker 4: and all these countries involved, and Israel said it won't
Speaker 4: even contemplate a cease far until those hostages are released.
Speaker 3: Bloomberg Sylvia west All reports President Biden also talked about
Speaker 3: increasing the flow of humanitarian assistance into Gaza with Cautter's premiere.
Speaker 1: Well, it's really Prime Minister Benjamin Etna who was asked
Speaker 1: about whether there could be a deal to exchange captives
Speaker 1: with Hamas.
Speaker 5: There could be, but I think the less I said
Speaker 5: about it, the more I'll increase the chancels that it materializes.
Speaker 5: And it's a result of pressure, military pressure, of the
Speaker 5: extraordinary work that the idea of was doing.
Speaker 1: And Prime Minister Nanya, who was on NBC's Meet the Press,
Speaker 1: but as really President Isaac Herzog is expressing caution, there.
Speaker 6: Are talks of behind the scenes. I cannot confirm any details.
Speaker 6: What I can say is that there's nothing substantial right
Speaker 6: now on the table. The United States is also heavily
Speaker 6: involved in this, so there's nothing tangible that I can report.
Speaker 1: Israeli President Isaac Herzog was a guest on CBS's Face
Speaker 1: the Nation, and you can hear Face the Nation and
Speaker 1: Meet the Press every Sunday on Bloomberg Radio.
Speaker 3: Turning to politics back here at Home, Karen, there is
Speaker 3: now one less Republican candidate for president. South Carolina Senator
Speaker 3: Tim Scott has ended his campaign. Scott says he will
Speaker 3: not immediately make an endorsement in the race, and he's
Speaker 3: not looking to join a Republican ticket as a vice
Speaker 3: presidential candidate Well Nathan.
Speaker 1: The US faces a risk of a government shutdown at
Speaker 1: the end of this week. Meanwhile, House Speaker Mike Johnson
Speaker 1: is trying a new approach to funding the government. By
Speaker 1: Bloomberg's At Baxter reports, the shutdown risks still Inger.
Speaker 7: The Johnson plan would extend some government funding until January
Speaker 7: nineteenth and others until February second. It also declined to
Speaker 7: do the immedia thirty percent spending cuts demanded by the
Speaker 7: right wing of his party, so that means fewer Republican
Speaker 7: votes and reliance on Democrats to cross lines and vote
Speaker 7: for it. He says, spending addiction cannot be broken overnight.
Speaker 7: Democrats so far have been moot. Whitehouse, though has already
Speaker 7: said it would only lead to future shutdowns. Johnson says
Speaker 7: he's scheduling a vote for tomorrow at Baxter Bloomberg Radio.
Speaker 2: All right, thank you well.
Speaker 3: Former New York Fed President Bill Dudley's warning the US
Speaker 3: fiscal position is on a quote unsustainable trajectory. Dudley is
Speaker 3: also a columnist form Bloomberg Opinion. He told the conference
Speaker 3: in Sydney there's a lack of political will to resolve
Speaker 3: the crisis at a time when debt costs are.
Speaker 2: Soaring, Nathan.
Speaker 1: The warning from Dudley comes just two days after the
Speaker 1: US was threatened with the loss of its last top
Speaker 1: credit rating. Moody's Investors' Service signaled it was inclined to
Speaker 1: downgrade the nation because of a wider budget deficits and
Speaker 1: political polarization. Deborah Cunningham is Global Liquidity Market's Chief investment
Speaker 1: officer at Federated Hermes.
Speaker 8: The concerns being bore what's happening from a congressional perspective,
Speaker 8: and the dysfunctionality from a lawmaking standpoint is the concern
Speaker 8: rather than the actual quantitative financials. So I think from
Speaker 8: an impact as much on the economy from an impact
Speaker 8: on where rates are at this point, I think that's
Speaker 8: behind US.
Speaker 1: And debort Cunningham had federated Herme, says Moody's is the
Speaker 1: only one of the three main credit companies with a
Speaker 1: top rating on the US.
Speaker 3: Karen, We're watching for major geopolitical news this week. President
Speaker 3: Joe Biden and Chinese leader Shei Jinping are scheduled to
Speaker 3: meet face to face on Wednesday, as the United States
Speaker 3: hosts the annual Asia Pacific Economic Cooperation Conference for the
Speaker 3: first time since twenty eleven. White House National Security Advisor
Speaker 3: Jake Sullivan says resuming military communications is.
Speaker 9: Crucial when it comes to managing the relationship. Ties and
Speaker 9: communications between our two militaries are critical. The Chinese have
Speaker 9: basically severed those communication links. President Biden would like to
Speaker 9: re establish them, and he will look to this summit
Speaker 9: as an opportunity to try to advance the ball on that.
Speaker 3: National Security Advisor Jake Sullivan tel CNN. The Biden she
Speaker 3: meetings also expected to cover the Israel Hamas War, Russia's
Speaker 3: invasion of Ukraine, human rights, and artificial intelligence.
Speaker 1: Well NY then ahead of the Biden She meeting. We
Speaker 1: are seeing signs of improving US China relations. Sources a
Speaker 1: Beijing is weighing ending a freeze on Boeing seven thirty
Speaker 1: seven Max aircraft in China. Boeing has not made any
Speaker 1: significant sales of its best selling narrow body jets in
Speaker 1: China since at least twenty eighteen. In another development, earlier
Speaker 1: this morning, the Emirates announced it was buying Boeing aircraft
Speaker 1: valued at fifty two billion dollars.
Speaker 3: So the broader market Karen investors have another major event
Speaker 3: to look forward to tomorrow when we get the latest
Speaker 3: reading on inflation with the Consumer Price Index for October.
Speaker 3: Anda Wong is chief US economist with Bloomberg Economics.
Speaker 10: We are expecting the headline CPI to be very soft
Speaker 10: because seasonally adjusted gasoline prices actually came down over five
Speaker 10: percent in October, so a month the increase of zero
Speaker 10: point one percent on the headline CPI.
Speaker 3: Bloomberg Chief US Economist Stana Wong says, over all consumer
Speaker 3: price data are expected to show inflation easing to a
Speaker 3: year on year rate of three point three percent in October.
Speaker 1: Time. Now for look at some of the other stories
Speaker 1: making news around the world. For that. We're joined by
Speaker 1: Bloomberg Scott Carr, Scott, Good morning, Good.
Speaker 11: Morning, Karen. Donald Trump Junior will be back on the
Speaker 11: stands today in New York as the first defense witness
Speaker 11: in the Trump organization civil fraud trial. The Trump family
Speaker 11: organizations being accused of fraudulently inflating their wealth on paper
Speaker 11: to obtain better loans. The New York Attorney General's Office
Speaker 11: ended its arguments last Wednesday and was denied a motion
Speaker 11: to limit certain expert witnesses from testifying for the defense.
Speaker 11: One person is dead four others injured after a shooting
Speaker 11: at a flea market in Texas. Police in Perlin, Texas,
Speaker 11: say three adults and two children were shot at the
Speaker 11: popular street market yesterday afternoon. Officer Chad Rodgers says the
Speaker 11: incident started as an argument between two people, though it's
Speaker 11: unclear if they both had guns.
Speaker 12: Three adult victims and two children, so a lot of
Speaker 12: people that are very very upset, and this does not
Speaker 12: appear to be a targeted attack on the flea market.
Speaker 12: That this was a disturbance between two individuals that resulted
Speaker 12: in people being shot.
Speaker 11: So far, no arrest have been made. All five victims
Speaker 11: were taken to local hospitals. A state of emergencies been
Speaker 11: declared in Los Angeles by California Governor Gavin Newsom after
Speaker 11: fire broke out underneath a storage yard early Saturday morning,
Speaker 11: igniting highly flammable wooden palettes. Trailers and cars then jump
Speaker 11: to another storage yard, growing in size to eight acres
Speaker 11: at one point, causing the closure of LA's Highway ten
Speaker 11: in both directions. The freeway remains closed, and officials say
Speaker 11: they'll be lucky if they can get one lane open today.
Speaker 1: The traffic is going to be horrendous. It's going to
Speaker 1: really impact Los Angeles.
Speaker 11: The blaze burned through the equivalent of six football fields.
Speaker 11: The governor says the state is mobilizing resources to complete
Speaker 11: repairs and minimize the impact for travel in and around
Speaker 11: the city. Iceland is evacuating a resort town south of
Speaker 11: the capital of Reykovic how to fear the town of
Speaker 11: Grindevic may be destroyed by a volcanic eruption. The town
Speaker 11: is near an active volcanic system and was evacuated over
Speaker 11: the weekend after magma shifting beneath the ground triggered hundreds
Speaker 11: of earthquakes. Local officials say that magma was at a
Speaker 11: very shallow depth, so they were expecting an eruption at
Speaker 11: any time. Global news twenty four hours a day and
Speaker 11: whenever you want it with Bloomberg News Now. I'm Scott Carran.
Speaker 1: This is Bloomberg all right, Scott, thank you, while we're
Speaker 1: bringing news throughout the day right here on Bloomberg Radio.
Speaker 1: But now, as Scott said, you can get the latest
Speaker 1: news on demand whenever you want it. Subscribe to Bloomberg
Speaker 1: News Now to get the latest headlines at the click
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Speaker 1: Sports Update, here's John stash Hour John.
Speaker 13: Karen Sunday, number ten in the NFL began for the
Speaker 13: second week in a row in Frankfurt, Germany. The Colts
Speaker 13: beat the Patriots ten to six. That drops New England
Speaker 13: to two to eight, their second three game winning streaking
Speaker 13: the season. They have the worst record in the AFC.
Speaker 13: Only Carolina has the worst record in the NFL. The
Speaker 13: Patriots have scored over seventeen points only twice in ten games.
Speaker 13: Another win for red hot Houston Texans. It was thirty
Speaker 13: to twenty seven at Cincinnati. Texans won and on a
Speaker 13: field goal on the final play. They've gone five games,
Speaker 13: which is more than they had won in any of
Speaker 13: the last three seasons. Bengals four game wins streak comes
Speaker 13: to an end. They fall the last place in the
Speaker 13: AFC North, where Cleveland won at Baltimore thirty three to
Speaker 13: thirty one. The Browns were down by fourteen with nine
Speaker 13: minutes left, scored two touchdowns in the forty three seconds span,
Speaker 13: then they won on a game winning field goal. That
Speaker 13: ends the Ravens four game winning streaking. The brown they're
Speaker 13: only a half game behind. The forty nine Ers, ended
Speaker 13: their three game losing streak. They won big at Jacksonville
Speaker 13: thirty four to three and rock Pirty through three touchdown passes.
Speaker 13: The Commanders lost in Seattle twenty nine to twenty six
Speaker 13: the Seahawks one on a field goal final play. Last night,
Speaker 13: the Raiders beat the Jets sixteen to twelve. Third s
Speaker 13: three loss for the Warriors, beaten home by Minnesota won
Speaker 13: sixteen to won ten. Philadelphia won it over Indiana's Tyrese
Speaker 13: Maxi scored fifty points. Dedicated the win to Kelly Oubre
Speaker 13: of the Sixers, who's going to be out significant time
Speaker 13: after injury suffered in a car accident Saturday night. Texas
Speaker 13: A and M and a surprise fired football coach jimbo Fisher.
Speaker 13: They'll owe him seventy five million in a buyout. John
Speaker 13: Stashewer Bloomberg Sports.
Speaker 5: From coast to coast, from New York to San Francisco,
Speaker 5: Boston to Washington, d C. Nationwide on SYRIASXAM, the Bloomberg
Speaker 5: Business app in Bloomberg dot Com. This is Bloomberg day Break.
Speaker 2: Good morning. I'm Nathan Hager.
Speaker 3: Now to the latest from the Middle East. The US
Speaker 3: continues to strike targets in eastern Syria that are linked
Speaker 3: to Iran, as Israel intensifies its ground campaign against Hamas
Speaker 3: in northern Gaza. All this as talks continue on the
Speaker 3: international level to try to release Hamas hostages from more.
Speaker 3: We're joined by Bloomberg Israel Economy and Government reporter Galite
Speaker 3: Alstein in Tel Aviv. Ghalite, Good morning. What's the latest
Speaker 3: we can say now about the ground assault? Of course,
Speaker 3: there's been a lot of focus in recent days on
Speaker 3: the Alshifa hospital that Israel says is hiding a main
Speaker 3: military headquarters for Hamas.
Speaker 14: Right, So good morning, Nathan. So, as you mentioned, we're
Speaker 14: seeing the Israeli army pushing forward on the ground operation
Speaker 14: in Gaza. In northern Gaza, the Israeli troops have been
Speaker 14: conducting rays over the past hours at the outskirts of
Speaker 14: the Alshati that's a camp in northern Gaza. They've been
Speaker 14: targeting what they say is tourist infrastructure that they say
Speaker 14: is located in central governmental institutions in the heart of
Speaker 14: civilian population, and that involves our schools, universities, mosques and residences.
Speaker 14: At the same time, you mentioned Alshika Hospital, so we've
Speaker 14: been hearing that the last generator that Al Shifa ran
Speaker 14: out of fuel two days ago November eleventh, and yesterday
Speaker 14: Israel said that it allowed delivery of fuel three hundred
Speaker 14: liters of fuel for the first time to this hospital,
Speaker 14: and then Israel exclaimed that Hamas has prevented the hospital
Speaker 14: from collecting this fuel. So we have to wait and
Speaker 14: see on what happens with that. The hospital director has
Speaker 14: said to media that this quantity, even if it had
Speaker 14: been collected is far enough from being enough. He said,
Speaker 14: it could only be sufficient for as little as thirty
Speaker 14: minutes of operations in the hospital. So we're still waiting
Speaker 14: to see what happens on that, and also in the
Speaker 14: evacuate of babies from this hospital, which the idea I
Speaker 14: found promise to facilitate has not yet happened according to Israel,
Speaker 14: because Hamas has also been preventing that.
Speaker 3: As the ground defensive goes on, Galad, of course, we're
Speaker 3: hearing more talk about trying to secure the release of
Speaker 3: hostages in the Gaza strip. President Biden held talks last
Speaker 3: night with Katar's emir about that what role could Qatar
Speaker 3: play in this situation?
Speaker 14: Right, so, Kata is considered to be a very important player,
Speaker 14: perhaps the most significant town of player in these negos
Speaker 14: negotiations on the release of hostages. There are two hundred
Speaker 14: and thirty nine hostages that are still being held in Gaza. So,
Speaker 14: as you mentioned, President Tom Joe Biden this speak with
Speaker 14: the Katari Emir and he said that the urgent, ongoing
Speaker 14: efforts to secure additional releases are going on. What we're
Speaker 14: hearing from Israel media at the same time is a
Speaker 14: lot of caution on these talks. We've heard them. Israeli
Speaker 14: President tom Isa Kertzev express question about a possible release
Speaker 14: of hostages helped by Hamasi said last night that there
Speaker 14: is nothing substantial right now on the table, although we
Speaker 14: are using all tools possible quote unquote, that's what he said,
Speaker 14: and Israeli media have been reporting that talks are on
Speaker 14: the release of around eighty hostages, probably women, children and
Speaker 14: earlerly will be prioritized if this release does take place,
Speaker 14: with Hamas demanding a ceasefire of roughly three to five
Speaker 14: days in return for these releases, and a similar number
Speaker 14: of Palestinian prisoners to be released as well. As I said,
Speaker 14: everyone is discussing this with a lot of caution, and
Speaker 14: it's not clear whether these talks will show any results
Speaker 14: anytime soon.
Speaker 2: In the meantime, Israel is also continuing to face fire
Speaker 2: from Hesbola in the north, going from or coming from Lebanon.
Speaker 2: Is the Israeli military in our last minute here Galite
Speaker 2: at risk of getting under further strain, potentially getting stretched.
Speaker 14: Right So so this is a very important point. Yesterday
Speaker 14: there was a very clear sense of escalation on Israel's border,
Speaker 14: with Lebanon. It was the most intense day of fighting
Speaker 14: since October seventh, a lot of back and forth fire,
Speaker 14: some civilians and civilians were injured. Israeli civilians were injured
Speaker 14: in these fire exchange exchanges. So Israel has been retaliating,
Speaker 14: you know, all the time to these attacks. There's also
Speaker 14: been some attacks this morning, although at a slightly lower
Speaker 14: scale with no one with no one injured. The Tel
Speaker 14: Aviv stock exchange is down for a second straight day
Speaker 14: following these events. So this is being closely watched on
Speaker 14: all fronts. And you know, I will mention finally that
Speaker 14: Israeli Defense minister, you have Glanc's ass at a press
Speaker 14: conference on Saturday night, what would be Israel's redline on
Speaker 14: this border? And he answered the reporter who asked this,
Speaker 14: when we strike in remoot, you'll know that this red
Speaker 14: line had been crossed.
Speaker 2: This is Bloomberg Daybreak Today, your morning brief on the
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