WEBVTT - Putin Makes Rare Foreign Trip; Biden Running Because of Trump

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 3>We begin with the latest on the war in the

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<v Speaker 3>Middle East. Israeli leaders are vowing to continue their fight

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<v Speaker 3>to eradicate Hamas despite criticism from international groups. Prime Minister

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<v Speaker 3>Benjamin Netanyahu lashed out after the un said there are

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<v Speaker 3>no longer any safe places in Gaza.

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<v Speaker 4>I say, to the women's rights organizations, to the human

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<v Speaker 4>rights organizations, you've heard of the rape of Israeli women,

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<v Speaker 4>horrible atrocities, sexual new relation.

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<v Speaker 5>Where the hell are you?

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<v Speaker 3>Prime Minister Natanyahu's troops are continuing to press into the

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<v Speaker 3>southern Gaza city of han Yunis.

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<v Speaker 6>Well, Nathan.

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<v Speaker 2>Back here. In the US, presidents of three prestigious universities, Harvard, MIT,

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<v Speaker 2>and Penn were called to Capitol Hill to explain to

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<v Speaker 2>lawmakers what they're doing about an outbreak of anti Semitism

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<v Speaker 2>on their campuses. Bloomberg's Amy Morris has more from Washington.

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<v Speaker 7>The university presidents told lawmakers they won't tolerate anti semitism

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<v Speaker 7>on their campuses as they cope with protests over the

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<v Speaker 7>Israel Humas war. During heated questioning, by New York Republican

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<v Speaker 7>Elis Stephonic. Harvard University professor doctor Clauding Gay cited free

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<v Speaker 7>expression and says the school consistently enforces its rules of conduct.

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<v Speaker 8>Even of views that are objectionable, offensive, hateful. It's when

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<v Speaker 8>that speech crosses into conduct that violates our policies against

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<v Speaker 8>bullying Haras.

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<v Speaker 3>Does that speech not cost that barrier?

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<v Speaker 2>Does that speech not call for the genocide of Jews

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<v Speaker 2>and the elimination of Israel?

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<v Speaker 8>We embrace a commitment to free expression.

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<v Speaker 7>Alumni and donors, citing incidents of anti Semitism, psychologists just

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<v Speaker 7>aren't doing enough to create a safe learning environment for

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<v Speaker 7>Jewish students in Washington. Amy Morris, Bloomberg Radio, all.

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<v Speaker 3>Right, Amy, thank you. In other news this morning, Vladimir

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<v Speaker 3>Putin has arrived in the United Arab Emirates at the

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<v Speaker 3>start of a trip that will also include a visit

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<v Speaker 3>to Saudi Arabia. It is a rare overseas trip since

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<v Speaker 3>the invasion of Ukraine. The Russian president is seeking to

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<v Speaker 3>bolster partnerships with key oil producers. Bloomberg's Rosalind Mathieson says

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<v Speaker 3>the visit reveals a lot about the way Putin sees

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<v Speaker 3>his position.

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<v Speaker 6>He's really not left Russia very much since he invaded

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<v Speaker 6>Ukraine almost two years ago. He's been to China, he's

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<v Speaker 6>been to some of the proof ree States, but he's

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<v Speaker 6>not really ventured any further than that. So simply the

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<v Speaker 6>fact that he now feels confident enough to travel to

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<v Speaker 6>the UAE, to travel to Saudi Arabia, to meet with

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<v Speaker 6>some very very high level officials in both countries shows

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<v Speaker 6>perhaps a reflection of how he's feeling at the moment

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<v Speaker 6>about his hold on power at home, about where he's

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<v Speaker 6>born in Ukraine is at and really that he's not

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<v Speaker 6>feeling isolated on the global stage.

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<v Speaker 3>Bloomberg's Ros Matheson says Putin's previously limited trips mainly two

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<v Speaker 3>close allies since he ordered troops into Ukraine.

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<v Speaker 2>Well, let's turn to US politics now, Nathan And a

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<v Speaker 2>revealing comment from President Biden. The president says he might

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<v Speaker 2>have decided not to run for reelection if former President

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<v Speaker 2>and Donald Trump were not in the race. At a

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<v Speaker 2>fundraiser in Massachusetts, the President said, quote, we can't let

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<v Speaker 2>him win for the sake of the country. He was

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<v Speaker 2>asked about the comment afterward.

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<v Speaker 9>I expect so, but look, it is running and I

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<v Speaker 9>just have to rus not no, not now.

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<v Speaker 2>The President's comments come as polls show many voters are

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<v Speaker 2>concerned about his age and the prospects of a Biden

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<v Speaker 2>Trump rematch. Well.

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<v Speaker 3>Meanwhile, Karen, the President's re election campaign does expect to

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<v Speaker 3>raise more than fifteen million dollars in events across the

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<v Speaker 3>country over the next five days. Biden is back in

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<v Speaker 3>Washington after those three fundraisers in Boston, there was one

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<v Speaker 3>actually that included singer James Taylor. On Friday, the President

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<v Speaker 3>plans to travel to Los Angeles for a fundraiser with

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<v Speaker 3>film director Steven Spielberg and Rob Reiner.

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<v Speaker 2>Oh, we turned to the markets now, Nathan, as we

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<v Speaker 2>await the crucial Friday jobs are pored. Another labor data

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<v Speaker 2>point is reinforcing optimism of rate cuts, and we get

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<v Speaker 2>the latest from Bloomberg's John Tucker and Karen.

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<v Speaker 5>It's just what the Fed wants to see. The jolts

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<v Speaker 5>or job opening survey pulling back in October to the

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<v Speaker 5>lowest level since early twenty twenty one. It underscores the

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<v Speaker 5>gradual cooling in the labor market that policymakers want. The

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<v Speaker 5>labor market seems to be softening through slowing demand for

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<v Speaker 5>new workers, rather than employers cutting jobs. A separate report

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<v Speaker 5>shows easing inflation in the service sector. The ten year

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<v Speaker 5>US yields that briefly top five percent in October broke

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<v Speaker 5>below four point two percent. They're lower still this morning.

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<v Speaker 5>It all feeds into the Goldilock scenario. Still some investors

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<v Speaker 5>are warey. We're calling the story of Goldilocks had a

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<v Speaker 5>few bears in it. Friday, we do get the monthly

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<v Speaker 5>jobs report, and next week is the Fed meeting. John Tucker,

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<v Speaker 5>Bloomberg Radio.

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<v Speaker 3>Now lots to come John, Thank you. Also today, the

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<v Speaker 3>CEOs of some of the biggest banks on Wall Street

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<v Speaker 3>are in Washington to testify before Congress. More on that

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<v Speaker 3>from Bloomberg Financial correspondent Chanelli Bossik.

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<v Speaker 10>JP Morgan CEO Jamie Diamond, and Goldman Sachs CEO David

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<v Speaker 10>Solomon are among big bank CEOs set to face the

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<v Speaker 10>Senate Banking Committee today in Washington. The committee, led by

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<v Speaker 10>Senator Shared Brown, has held the hearing with the big

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<v Speaker 10>banks every year since Brown became chairman in twenty twenty one,

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<v Speaker 10>saying that he's there to protect the main street economy

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<v Speaker 10>and the bankers will face questions on everything from mortgage

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<v Speaker 10>rates to savings rates after the Federal Reserve has raised

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<v Speaker 10>interest rates so dramatically. In Washington, d C. I'MTIONALI Bassic

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<v Speaker 10>Bloomberg Radio Shanelle, thank you.

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<v Speaker 2>What we heard from another bank executive ahead of those hearings.

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<v Speaker 2>The Bank of America CEO Brian moynihan is talking about

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<v Speaker 2>the economy. His firm still expects us off landing rather

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<v Speaker 2>than a recession.

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<v Speaker 9>The reality is going to be a slowdown, but we

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<v Speaker 9>have it as being positive. The way customers are spending

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<v Speaker 9>their money is leveled out. In other words, there's not

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<v Speaker 9>this good service, this massive change. So some things are

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<v Speaker 9>growing faster, but it's leveled out, meaning that all the

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<v Speaker 9>categories are kind of grow on plus or minds the average.

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<v Speaker 9>And so that's all good news that the economy's normal life.

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<v Speaker 2>Bank of America CEO Brian moynihan made the comments yesterday

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<v Speaker 2>at Goldman Sachs US Financial Services. Come friends, time now

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<v Speaker 2>for a look at some of the other stories making

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<v Speaker 2>news around the world. For that, we're joined by Bloomberg's

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<v Speaker 2>Amy Morris.

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<v Speaker 11>Samy.

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<v Speaker 7>Good morning, Good morning, Karen, and we're learning that Russian

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<v Speaker 7>President Vladimir Putin has just arrived in Abu Dhabi, a

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<v Speaker 7>rare foreign trip to bolster oil cooperation with Saudi Arabia

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<v Speaker 7>and the United Arab Emirates. Back here at home, House

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<v Speaker 7>Speaker Mike Johnson says House Republicans have come to an

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<v Speaker 7>inflection point in their impeachment inquiry of President Biden. Bloomberg's

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<v Speaker 7>nanacylliance brings us an update.

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<v Speaker 12>Speaker Johnson says the House has no choice but to

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<v Speaker 12>take an official vote on an impeachment inquiry next week.

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<v Speaker 12>The White House has refused to acknowledge the legitimacy of

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<v Speaker 12>the probe since no vote was taken, which is the

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<v Speaker 12>usual course.

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<v Speaker 5>They're refusing to turn over key witnesses to allow them

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<v Speaker 5>to testify as they've been subpoena.

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<v Speaker 11>They're refusing to turn over thousands of documents for the

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<v Speaker 11>National Archives.

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<v Speaker 12>The impeachment inquiries over President Biden's alleged involvement and his

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<v Speaker 12>son Hunter's overseas business dealings. The investigation so far has

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<v Speaker 12>produced no direct evidence. In the press has denied any wrongdoing.

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<v Speaker 12>In Washington, Nancy lyons Bloomberg Radio Now.

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<v Speaker 7>Senate Majority Leader Chuck Schumer says Yesterday's classified Senate hearing

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<v Speaker 7>that was supposed to be about Ukraine was quote hijacked

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<v Speaker 7>by Republicans trying to force a conversation about the US border.

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<v Speaker 7>Schumer offered Republicans a chance to offer an amendment to

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<v Speaker 7>the package, but that would require sixty votes to pass.

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<v Speaker 4>Any amendment they want.

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<v Speaker 9>If they can get sixty votes, they can solve the

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<v Speaker 9>border problem.

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<v Speaker 4>It's plain and simple.

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<v Speaker 7>Senator Schumer has set up a procedural vote on a

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<v Speaker 7>supplemental spending bill that does not include border provisions that'll

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<v Speaker 7>be set for later today. Meanwhile, Ukrainian President Vladimir Zelensky

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<v Speaker 7>canceled his address to the US Senate yesterday as those

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<v Speaker 7>negotiations bogged down. Former President Donald Trump is reportedly likely

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<v Speaker 7>to attend his New York civil fraud trial tomorrow. His

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<v Speaker 7>attendance would come just days before he's expected to take

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<v Speaker 7>the stand again next week. Trump is set to be

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<v Speaker 7>the defense's last witness in that case on Monday. He

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<v Speaker 7>last has to fight on November sixth. New York Attorney

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<v Speaker 7>General Letitia James accuses Trump and others of inflating the

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<v Speaker 7>value of assets in order to obtain more favorable loans.

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<v Speaker 7>Members of Hollywood's actors union have voted to ratify the

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<v Speaker 7>deal with studios, ending their strike after nearly four months.

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<v Speaker 7>The seventy eight percent approval from the members of the

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<v Speaker 7>Screen Actors Guild American Federation of Television and Radio Artists

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<v Speaker 7>was no certainty. Some prominent members had voiced assent on

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<v Speaker 7>that deal. A rejection of the agreement would have meant

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<v Speaker 7>a return to the bargaining table and the possibility of

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<v Speaker 7>workers going back on strike. Global news twenty four hours

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<v Speaker 7>a day and whenever you want it with Bloomberg News Now.

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<v Speaker 7>I'm Amy Morris and this is Bloomberg Karen.

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<v Speaker 2>All right, Amy, thanks, So we do bring you news

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<v Speaker 2>throughout the day right here on Bloomberg Radio. But as

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<v Speaker 2>Amy said, you can now get the latest news on demand,

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<v Speaker 2>and that means whenever you want it. Subscribe to Bloomberg

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<v Speaker 2>News Now to get the latest headlines at the click

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<v Speaker 2>of a button. Get informed on your schedule. You can

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<v Speaker 2>listen and subscribe to Bloomberg News Now on the Bloomberg

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<v Speaker 2>Business app, Bloomberg dot com plus Apple Well, Spotify, and

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<v Speaker 2>anywhere else you get your podcasts all time. Now for

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<v Speaker 2>the Bloomberg Sports Update, by John Stashaur John Karen.

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<v Speaker 13>Milwaukee and the Lakers will join Indiana and New Orleans

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<v Speaker 13>for the semifinals the NBA's in season tournament tomorrow night

0:09:19.720 --> 0:09:22.960
<v Speaker 13>in Las Vegas. The Bucks scored thirty four or more

0:09:23.000 --> 0:09:25.920
<v Speaker 13>points in all four corners. They shot sixty percent from

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<v Speaker 13>the field and made sixty percent of their three pointers.

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<v Speaker 13>They beat the Knicks in Milwaukee one forty six to

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<v Speaker 13>one twenty two Giannis Sunde. The couple scored thirty five points.

0:09:35.559 --> 0:09:38.959
<v Speaker 13>Damian Lillard added twenty eight. Julius Randall scored forty one

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<v Speaker 13>for the Knicks, who gave up the most points they've

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<v Speaker 13>given up in a game since nineteen seventy nine. Closer

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<v Speaker 13>game in La Lakers top Phoenix one oh six to

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<v Speaker 13>one oh three. The Stars were out Lebron James thirty

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<v Speaker 13>one points and Kevin Durant thirty one in the loss.

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<v Speaker 13>He missed the three at the buzzer that would have

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<v Speaker 13>tied the game, So it'll be the Pacers against the Bucks.

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<v Speaker 13>The Lakers against the Pelicans championship game on Saturday. College

0:10:02.559 --> 0:10:05.199
<v Speaker 13>trips to New York. Fifth rank Yukon beat ninth rank

0:10:05.280 --> 0:10:08.720
<v Speaker 13>North Carolina eighty seven to seventy six, only the eighth

0:10:08.760 --> 0:10:11.760
<v Speaker 13>trade ever between the Yankees and Red Sox. The Yanks

0:10:11.800 --> 0:10:15.360
<v Speaker 13>get outfielder Alex Perdugo from Boston. The Red Sox get

0:10:15.400 --> 0:10:18.440
<v Speaker 13>three pitchers, most of whom spent last season in the

0:10:18.559 --> 0:10:23.160
<v Speaker 13>minor leagues. Yankees also looking to acquire Juan Soto at

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<v Speaker 13>the winter meetings underway in Nashville. The bigger story, Who's

0:10:26.760 --> 0:10:30.360
<v Speaker 13>gonna get shoe A? Otani? The favorite right now? The Dodgers.

0:10:30.360 --> 0:10:33.480
<v Speaker 13>Their manager Dave Roberts, met with Otani for a couple

0:10:33.480 --> 0:10:37.000
<v Speaker 13>of hours at Dodgers Stadium. Roberts said Otani is our

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<v Speaker 13>top priority. John stash Award Bloomberg Sports.

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<v Speaker 4>From coast to coast, from New York to San Francisco,

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<v Speaker 4>Boston to Washington, DC, nationwide on Siriusxam, the Bloomberg Business

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<v Speaker 4>app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning.

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<v Speaker 4>I'm Nathan Hager.

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<v Speaker 3>On a busy morning overseas and in domestic Paul, including

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<v Speaker 3>in Israel, where they are pressing on with the fight

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<v Speaker 3>against Hamas in southern Gaza despite international pressure to end

0:11:07.600 --> 0:11:10.920
<v Speaker 3>the war. Russian President Vladimir Putin is on a rare

0:11:11.000 --> 0:11:14.280
<v Speaker 3>trip outside his country just landing in the United Arab

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<v Speaker 3>Emirates today, and US President Joe Biden is raising new

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<v Speaker 3>questions with his latest comments on why he's running for reelection.

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<v Speaker 3>Lot's to get to this morning with Bloomberg new senior

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<v Speaker 3>editor Bill Ferries, who joins me now. Bill, So, the

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<v Speaker 3>fighting goes on in Gaza, and from the looks and

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<v Speaker 3>sounds of it, it's about as intense as it's ever been.

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<v Speaker 11>Absolutely, there's a lot of reports that the death toll

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<v Speaker 11>and southern Gaza has picked up. Israel Is sending forces

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<v Speaker 11>all around the second biggest city in Gaza there in

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<v Speaker 11>the south in Prime Minister net and Yahoo today said

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<v Speaker 11>we will fight until the end, calling for a quote

0:11:53.640 --> 0:11:57.600
<v Speaker 11>crushing victory. At the same time, Israeli officials have said

0:11:57.600 --> 0:12:01.839
<v Speaker 11>that they are willing to or another pause if or

0:12:01.960 --> 0:12:06.680
<v Speaker 11>cease fire if that really allows more hostages to be released.

0:12:07.640 --> 0:12:10.520
<v Speaker 11>But you know, from the beginning, I think since October seventh,

0:12:10.520 --> 0:12:14.160
<v Speaker 11>when Hamas went into Israel, the Israeli government has said

0:12:14.200 --> 0:12:17.320
<v Speaker 11>one of their ultimate goals here is to destroy the

0:12:17.520 --> 0:12:21.640
<v Speaker 11>mass leadership, and I think they're going to proceed in

0:12:21.640 --> 0:12:24.960
<v Speaker 11>that direction, whether or not they get more hostages out.

0:12:25.600 --> 0:12:29.480
<v Speaker 3>Is there a risk that Israel could lose international support

0:12:29.640 --> 0:12:34.920
<v Speaker 3>if the bombardments maintain this level of intensity.

0:12:36.840 --> 0:12:37.160
<v Speaker 9>Yeah.

0:12:37.200 --> 0:12:41.200
<v Speaker 11>Absolutely. I think you've already seen them on the defensive internationally,

0:12:41.920 --> 0:12:46.679
<v Speaker 11>trying to really focus on their efforts to minimize civilian casualties.

0:12:47.440 --> 0:12:50.480
<v Speaker 11>But you have people like even the United Nations agencies

0:12:50.520 --> 0:12:52.920
<v Speaker 11>that are operating there saying at this point there's really

0:12:52.960 --> 0:12:57.680
<v Speaker 11>no safe place for Palestinians in the Gaza Strip to

0:12:57.720 --> 0:13:02.480
<v Speaker 11>evacuate too. You know that all places are effectively targets

0:13:03.360 --> 0:13:06.040
<v Speaker 11>at this point. So I think there's certainly a public

0:13:06.080 --> 0:13:09.800
<v Speaker 11>relations battle that goes along with the battle in Gaza,

0:13:10.200 --> 0:13:12.959
<v Speaker 11>and I think that's one that Israel. The public relations

0:13:13.000 --> 0:13:14.880
<v Speaker 11>battle is one that Israel is really struggling with.

0:13:15.280 --> 0:13:17.480
<v Speaker 3>And while we watched the movement in the Gaza Strip, Bill,

0:13:17.520 --> 0:13:21.080
<v Speaker 3>we are also monitoring movements by Russian President Vladimir Putin.

0:13:21.120 --> 0:13:24.480
<v Speaker 3>We got the headline just moments ago that he has

0:13:24.679 --> 0:13:27.480
<v Speaker 3>arrived in the United Arab Emirates. This is a pretty

0:13:27.559 --> 0:13:29.440
<v Speaker 3>rare trip abroad for the Russian president.

0:13:31.000 --> 0:13:32.920
<v Speaker 11>It is there's a lot going on here.

0:13:32.960 --> 0:13:33.320
<v Speaker 4>I think.

0:13:33.640 --> 0:13:35.800
<v Speaker 11>On the one hand, you know, you go to you

0:13:35.840 --> 0:13:38.319
<v Speaker 11>go to the UAE, and you go to Saudi Arabia,

0:13:38.440 --> 0:13:40.880
<v Speaker 11>where he's expected I think later in the day. You

0:13:40.960 --> 0:13:42.959
<v Speaker 11>go there for one reason, and that's to talk about

0:13:42.960 --> 0:13:47.480
<v Speaker 11>oil and energy. Russia has been supportive of the Opek

0:13:47.559 --> 0:13:53.000
<v Speaker 11>plus arrangement to cut production further beginning in January. Russia

0:13:53.040 --> 0:13:56.000
<v Speaker 11>and Saudi Arabia are really the backbone of that Opek

0:13:56.040 --> 0:13:59.240
<v Speaker 11>plus agreement. Though Russia has not really been cutting back

0:14:00.120 --> 0:14:03.360
<v Speaker 11>on production, it needs those oil sales to fund its

0:14:03.440 --> 0:14:06.600
<v Speaker 11>war in Ukraine. But I think there's also just a

0:14:06.720 --> 0:14:11.240
<v Speaker 11>very symbolic gesture and putin traveling, making this trip just

0:14:11.360 --> 0:14:13.880
<v Speaker 11>sort of showing that he can travel. There's not many

0:14:13.920 --> 0:14:15.959
<v Speaker 11>places where he can go at this point where he

0:14:16.000 --> 0:14:20.000
<v Speaker 11>wouldn't be at risk of getting arrested for the for

0:14:20.080 --> 0:14:22.600
<v Speaker 11>the Ukraine War. He's skipped a Brick summit in South

0:14:22.640 --> 0:14:26.000
<v Speaker 11>Africa earlier this year because of concerns he might be detained.

0:14:26.760 --> 0:14:30.160
<v Speaker 11>But he is, you know, he's able to travel relatively freely.

0:14:30.560 --> 0:14:33.880
<v Speaker 11>There is a lot of Russian investment in this in

0:14:33.920 --> 0:14:36.960
<v Speaker 11>the Gulf States, a lot of Russian companies that have

0:14:37.040 --> 0:14:41.440
<v Speaker 11>fled Western sanctions relocated there, a lot of Russians relocated there,

0:14:42.440 --> 0:14:44.880
<v Speaker 11>and so I think there's a whole bunch of issues

0:14:44.920 --> 0:14:50.080
<v Speaker 11>on his agenda, from from oil to to investment. Uh,

0:14:50.120 --> 0:14:53.640
<v Speaker 11>and then frankly, just the symbolic importance of being seen

0:14:53.720 --> 0:14:54.560
<v Speaker 11>traveling abroad.

0:14:55.240 --> 0:14:57.920
<v Speaker 3>President Biden is traveling as well, raising a lot of

0:14:57.920 --> 0:15:00.560
<v Speaker 3>money for his re election campaign and making some pretty

0:15:00.560 --> 0:15:04.200
<v Speaker 3>interesting comments on why he's running. He's saying that he

0:15:04.280 --> 0:15:07.960
<v Speaker 3>might not even be running if not for former President Trump.

0:15:08.360 --> 0:15:10.360
<v Speaker 3>It's kind of raising concerns, isn't it.

0:15:11.720 --> 0:15:13.720
<v Speaker 11>Yeah, you have a lot of people who a lot

0:15:13.720 --> 0:15:16.080
<v Speaker 11>of Democrats who would you know, who say they're really

0:15:16.120 --> 0:15:18.520
<v Speaker 11>concerned about the president's age. They'd like to see a

0:15:18.520 --> 0:15:20.720
<v Speaker 11>different candidate in the race. Frankly, you have a lot

0:15:20.720 --> 0:15:24.480
<v Speaker 11>of Republicans who say that about Donald Trump at aged

0:15:24.520 --> 0:15:27.720
<v Speaker 11>seventy seven as well. It says a lot about the race.

0:15:28.000 --> 0:15:30.960
<v Speaker 11>I think Joe Biden in some ways is saying what

0:15:31.560 --> 0:15:34.840
<v Speaker 11>perhaps Democratic strategists and leaders have been saying, which is,

0:15:35.640 --> 0:15:38.000
<v Speaker 11>you know, he's he's the only guy who beat Trump

0:15:38.480 --> 0:15:41.800
<v Speaker 11>in twenty twenty and and feels perhaps like he's the

0:15:41.840 --> 0:15:45.600
<v Speaker 11>one to do it again. I think, you know, he

0:15:46.000 --> 0:15:49.040
<v Speaker 11>seemed to walk back that comment a little bit when

0:15:49.080 --> 0:15:51.400
<v Speaker 11>he returned to the White House last night, saying that

0:15:51.720 --> 0:15:54.240
<v Speaker 11>if you know he would expect that maybe he would

0:15:54.280 --> 0:15:56.680
<v Speaker 11>still be the candidate even if Trump wasn't running. But

0:15:56.920 --> 0:15:59.120
<v Speaker 11>I think he said he said out loud, the quiet

0:15:59.120 --> 0:16:01.560
<v Speaker 11>part that a lot of Democratic operatives have been saying

0:16:02.200 --> 0:16:02.640
<v Speaker 11>for a while.

0:16:04.760 --> 0:16:07.840
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