Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 2: stories we're following today.
Speaker 3: We begin with the latest on the war in the
Speaker 3: Middle East. Israeli leaders are vowing to continue their fight
Speaker 3: to eradicate Hamas despite criticism from international groups. Prime Minister
Speaker 3: Benjamin Netanyahu lashed out after the un said there are
Speaker 3: no longer any safe places in Gaza.
Speaker 4: I say, to the women's rights organizations, to the human
Speaker 4: rights organizations, you've heard of the rape of Israeli women,
Speaker 4: horrible atrocities, sexual new relation.
Speaker 5: Where the hell are you?
Speaker 3: Prime Minister Natanyahu's troops are continuing to press into the
Speaker 3: southern Gaza city of han Yunis.
Speaker 6: Well, Nathan.
Speaker 2: Back here. In the US, presidents of three prestigious universities, Harvard, MIT,
Speaker 2: and Penn were called to Capitol Hill to explain to
Speaker 2: lawmakers what they're doing about an outbreak of anti Semitism
Speaker 2: on their campuses. Bloomberg's Amy Morris has more from Washington.
Speaker 7: The university presidents told lawmakers they won't tolerate anti semitism
Speaker 7: on their campuses as they cope with protests over the
Speaker 7: Israel Humas war. During heated questioning, by New York Republican
Speaker 7: Elis Stephonic. Harvard University professor doctor Clauding Gay cited free
Speaker 7: expression and says the school consistently enforces its rules of conduct.
Speaker 8: Even of views that are objectionable, offensive, hateful. It's when
Speaker 8: that speech crosses into conduct that violates our policies against
Speaker 8: bullying Haras.
Speaker 3: Does that speech not cost that barrier?
Speaker 2: Does that speech not call for the genocide of Jews
Speaker 2: and the elimination of Israel?
Speaker 8: We embrace a commitment to free expression.
Speaker 7: Alumni and donors, citing incidents of anti Semitism, psychologists just
Speaker 7: aren't doing enough to create a safe learning environment for
Speaker 7: Jewish students in Washington. Amy Morris, Bloomberg Radio, all.
Speaker 3: Right, Amy, thank you. In other news this morning, Vladimir
Speaker 3: Putin has arrived in the United Arab Emirates at the
Speaker 3: start of a trip that will also include a visit
Speaker 3: to Saudi Arabia. It is a rare overseas trip since
Speaker 3: the invasion of Ukraine. The Russian president is seeking to
Speaker 3: bolster partnerships with key oil producers. Bloomberg's Rosalind Mathieson says
Speaker 3: the visit reveals a lot about the way Putin sees
Speaker 3: his position.
Speaker 6: He's really not left Russia very much since he invaded
Speaker 6: Ukraine almost two years ago. He's been to China, he's
Speaker 6: been to some of the proof ree States, but he's
Speaker 6: not really ventured any further than that. So simply the
Speaker 6: fact that he now feels confident enough to travel to
Speaker 6: the UAE, to travel to Saudi Arabia, to meet with
Speaker 6: some very very high level officials in both countries shows
Speaker 6: perhaps a reflection of how he's feeling at the moment
Speaker 6: about his hold on power at home, about where he's
Speaker 6: born in Ukraine is at and really that he's not
Speaker 6: feeling isolated on the global stage.
Speaker 3: Bloomberg's Ros Matheson says Putin's previously limited trips mainly two
Speaker 3: close allies since he ordered troops into Ukraine.
Speaker 2: Well, let's turn to US politics now, Nathan And a
Speaker 2: revealing comment from President Biden. The president says he might
Speaker 2: have decided not to run for reelection if former President
Speaker 2: and Donald Trump were not in the race. At a
Speaker 2: fundraiser in Massachusetts, the President said, quote, we can't let
Speaker 2: him win for the sake of the country. He was
Speaker 2: asked about the comment afterward.
Speaker 9: I expect so, but look, it is running and I
Speaker 9: just have to rus not no, not now.
Speaker 2: The President's comments come as polls show many voters are
Speaker 2: concerned about his age and the prospects of a Biden
Speaker 2: Trump rematch. Well.
Speaker 3: Meanwhile, Karen, the President's re election campaign does expect to
Speaker 3: raise more than fifteen million dollars in events across the
Speaker 3: country over the next five days. Biden is back in
Speaker 3: Washington after those three fundraisers in Boston, there was one
Speaker 3: actually that included singer James Taylor. On Friday, the President
Speaker 3: plans to travel to Los Angeles for a fundraiser with
Speaker 3: film director Steven Spielberg and Rob Reiner.
Speaker 2: Oh, we turned to the markets now, Nathan, as we
Speaker 2: await the crucial Friday jobs are pored. Another labor data
Speaker 2: point is reinforcing optimism of rate cuts, and we get
Speaker 2: the latest from Bloomberg's John Tucker and Karen.
Speaker 5: It's just what the Fed wants to see. The jolts
Speaker 5: or job opening survey pulling back in October to the
Speaker 5: lowest level since early twenty twenty one. It underscores the
Speaker 5: gradual cooling in the labor market that policymakers want. The
Speaker 5: labor market seems to be softening through slowing demand for
Speaker 5: new workers, rather than employers cutting jobs. A separate report
Speaker 5: shows easing inflation in the service sector. The ten year
Speaker 5: US yields that briefly top five percent in October broke
Speaker 5: below four point two percent. They're lower still this morning.
Speaker 5: It all feeds into the Goldilock scenario. Still some investors
Speaker 5: are warey. We're calling the story of Goldilocks had a
Speaker 5: few bears in it. Friday, we do get the monthly
Speaker 5: jobs report, and next week is the Fed meeting. John Tucker,
Speaker 5: Bloomberg Radio.
Speaker 3: Now lots to come John, Thank you. Also today, the
Speaker 3: CEOs of some of the biggest banks on Wall Street
Speaker 3: are in Washington to testify before Congress. More on that
Speaker 3: from Bloomberg Financial correspondent Chanelli Bossik.
Speaker 10: JP Morgan CEO Jamie Diamond, and Goldman Sachs CEO David
Speaker 10: Solomon are among big bank CEOs set to face the
Speaker 10: Senate Banking Committee today in Washington. The committee, led by
Speaker 10: Senator Shared Brown, has held the hearing with the big
Speaker 10: banks every year since Brown became chairman in twenty twenty one,
Speaker 10: saying that he's there to protect the main street economy
Speaker 10: and the bankers will face questions on everything from mortgage
Speaker 10: rates to savings rates after the Federal Reserve has raised
Speaker 10: interest rates so dramatically. In Washington, d C. I'MTIONALI Bassic
Speaker 10: Bloomberg Radio Shanelle, thank you.
Speaker 2: What we heard from another bank executive ahead of those hearings.
Speaker 2: The Bank of America CEO Brian moynihan is talking about
Speaker 2: the economy. His firm still expects us off landing rather
Speaker 2: than a recession.
Speaker 9: The reality is going to be a slowdown, but we
Speaker 9: have it as being positive. The way customers are spending
Speaker 9: their money is leveled out. In other words, there's not
Speaker 9: this good service, this massive change. So some things are
Speaker 9: growing faster, but it's leveled out, meaning that all the
Speaker 9: categories are kind of grow on plus or minds the average.
Speaker 9: And so that's all good news that the economy's normal life.
Speaker 2: Bank of America CEO Brian moynihan made the comments yesterday
Speaker 2: at Goldman Sachs US Financial Services. Come friends, time now
Speaker 2: for a look at some of the other stories making
Speaker 2: news around the world. For that, we're joined by Bloomberg's
Speaker 2: Amy Morris.
Speaker 11: Samy.
Speaker 7: Good morning, Good morning, Karen, and we're learning that Russian
Speaker 7: President Vladimir Putin has just arrived in Abu Dhabi, a
Speaker 7: rare foreign trip to bolster oil cooperation with Saudi Arabia
Speaker 7: and the United Arab Emirates. Back here at home, House
Speaker 7: Speaker Mike Johnson says House Republicans have come to an
Speaker 7: inflection point in their impeachment inquiry of President Biden. Bloomberg's
Speaker 7: nanacylliance brings us an update.
Speaker 12: Speaker Johnson says the House has no choice but to
Speaker 12: take an official vote on an impeachment inquiry next week.
Speaker 12: The White House has refused to acknowledge the legitimacy of
Speaker 12: the probe since no vote was taken, which is the
Speaker 12: usual course.
Speaker 5: They're refusing to turn over key witnesses to allow them
Speaker 5: to testify as they've been subpoena.
Speaker 11: They're refusing to turn over thousands of documents for the
Speaker 11: National Archives.
Speaker 12: The impeachment inquiries over President Biden's alleged involvement and his
Speaker 12: son Hunter's overseas business dealings. The investigation so far has
Speaker 12: produced no direct evidence. In the press has denied any wrongdoing.
Speaker 12: In Washington, Nancy lyons Bloomberg Radio Now.
Speaker 7: Senate Majority Leader Chuck Schumer says Yesterday's classified Senate hearing
Speaker 7: that was supposed to be about Ukraine was quote hijacked
Speaker 7: by Republicans trying to force a conversation about the US border.
Speaker 7: Schumer offered Republicans a chance to offer an amendment to
Speaker 7: the package, but that would require sixty votes to pass.
Speaker 4: Any amendment they want.
Speaker 9: If they can get sixty votes, they can solve the
Speaker 9: border problem.
Speaker 4: It's plain and simple.
Speaker 7: Senator Schumer has set up a procedural vote on a
Speaker 7: supplemental spending bill that does not include border provisions that'll
Speaker 7: be set for later today. Meanwhile, Ukrainian President Vladimir Zelensky
Speaker 7: canceled his address to the US Senate yesterday as those
Speaker 7: negotiations bogged down. Former President Donald Trump is reportedly likely
Speaker 7: to attend his New York civil fraud trial tomorrow. His
Speaker 7: attendance would come just days before he's expected to take
Speaker 7: the stand again next week. Trump is set to be
Speaker 7: the defense's last witness in that case on Monday. He
Speaker 7: last has to fight on November sixth. New York Attorney
Speaker 7: General Letitia James accuses Trump and others of inflating the
Speaker 7: value of assets in order to obtain more favorable loans.
Speaker 7: Members of Hollywood's actors union have voted to ratify the
Speaker 7: deal with studios, ending their strike after nearly four months.
Speaker 7: The seventy eight percent approval from the members of the
Speaker 7: Screen Actors Guild American Federation of Television and Radio Artists
Speaker 7: was no certainty. Some prominent members had voiced assent on
Speaker 7: that deal. A rejection of the agreement would have meant
Speaker 7: a return to the bargaining table and the possibility of
Speaker 7: workers going back on strike. Global news twenty four hours
Speaker 7: a day and whenever you want it with Bloomberg News Now.
Speaker 7: I'm Amy Morris and this is Bloomberg Karen.
Speaker 2: All right, Amy, thanks, So we do bring you news
Speaker 2: throughout the day right here on Bloomberg Radio. But as
Speaker 2: Amy said, you can now get the latest news on demand,
Speaker 2: and that means whenever you want it. Subscribe to Bloomberg
Speaker 2: News Now to get the latest headlines at the click
Speaker 2: of a button. Get informed on your schedule. You can
Speaker 2: listen and subscribe to Bloomberg News Now on the Bloomberg
Speaker 2: Business app, Bloomberg dot com plus Apple Well, Spotify, and
Speaker 2: anywhere else you get your podcasts all time. Now for
Speaker 2: the Bloomberg Sports Update, by John Stashaur John Karen.
Speaker 13: Milwaukee and the Lakers will join Indiana and New Orleans
Speaker 13: for the semifinals the NBA's in season tournament tomorrow night
Speaker 13: in Las Vegas. The Bucks scored thirty four or more
Speaker 13: points in all four corners. They shot sixty percent from
Speaker 13: the field and made sixty percent of their three pointers.
Speaker 13: They beat the Knicks in Milwaukee one forty six to
Speaker 13: one twenty two Giannis Sunde. The couple scored thirty five points.
Speaker 13: Damian Lillard added twenty eight. Julius Randall scored forty one
Speaker 13: for the Knicks, who gave up the most points they've
Speaker 13: given up in a game since nineteen seventy nine. Closer
Speaker 13: game in La Lakers top Phoenix one oh six to
Speaker 13: one oh three. The Stars were out Lebron James thirty
Speaker 13: one points and Kevin Durant thirty one in the loss.
Speaker 13: He missed the three at the buzzer that would have
Speaker 13: tied the game, So it'll be the Pacers against the Bucks.
Speaker 13: The Lakers against the Pelicans championship game on Saturday. College
Speaker 13: trips to New York. Fifth rank Yukon beat ninth rank
Speaker 13: North Carolina eighty seven to seventy six, only the eighth
Speaker 13: trade ever between the Yankees and Red Sox. The Yanks
Speaker 13: get outfielder Alex Perdugo from Boston. The Red Sox get
Speaker 13: three pitchers, most of whom spent last season in the
Speaker 13: minor leagues. Yankees also looking to acquire Juan Soto at
Speaker 13: the winter meetings underway in Nashville. The bigger story, Who's
Speaker 13: gonna get shoe A? Otani? The favorite right now? The Dodgers.
Speaker 13: Their manager Dave Roberts, met with Otani for a couple
Speaker 13: of hours at Dodgers Stadium. Roberts said Otani is our
Speaker 13: top priority. John stash Award Bloomberg Sports.
Speaker 4: From coast to coast, from New York to San Francisco,
Speaker 4: Boston to Washington, DC, nationwide on Siriusxam, the Bloomberg Business
Speaker 4: app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning.
Speaker 4: I'm Nathan Hager.
Speaker 3: On a busy morning overseas and in domestic Paul, including
Speaker 3: in Israel, where they are pressing on with the fight
Speaker 3: against Hamas in southern Gaza despite international pressure to end
Speaker 3: the war. Russian President Vladimir Putin is on a rare
Speaker 3: trip outside his country just landing in the United Arab
Speaker 3: Emirates today, and US President Joe Biden is raising new
Speaker 3: questions with his latest comments on why he's running for reelection.
Speaker 3: Lot's to get to this morning with Bloomberg new senior
Speaker 3: editor Bill Ferries, who joins me now. Bill, So, the
Speaker 3: fighting goes on in Gaza, and from the looks and
Speaker 3: sounds of it, it's about as intense as it's ever been.
Speaker 11: Absolutely, there's a lot of reports that the death toll
Speaker 11: and southern Gaza has picked up. Israel Is sending forces
Speaker 11: all around the second biggest city in Gaza there in
Speaker 11: the south in Prime Minister net and Yahoo today said
Speaker 11: we will fight until the end, calling for a quote
Speaker 11: crushing victory. At the same time, Israeli officials have said
Speaker 11: that they are willing to or another pause if or
Speaker 11: cease fire if that really allows more hostages to be released.
Speaker 11: But you know, from the beginning, I think since October seventh,
Speaker 11: when Hamas went into Israel, the Israeli government has said
Speaker 11: one of their ultimate goals here is to destroy the
Speaker 11: mass leadership, and I think they're going to proceed in
Speaker 11: that direction, whether or not they get more hostages out.
Speaker 3: Is there a risk that Israel could lose international support
Speaker 3: if the bombardments maintain this level of intensity.
Speaker 9: Yeah.
Speaker 11: Absolutely. I think you've already seen them on the defensive internationally,
Speaker 11: trying to really focus on their efforts to minimize civilian casualties.
Speaker 11: But you have people like even the United Nations agencies
Speaker 11: that are operating there saying at this point there's really
Speaker 11: no safe place for Palestinians in the Gaza Strip to
Speaker 11: evacuate too. You know that all places are effectively targets
Speaker 11: at this point. So I think there's certainly a public
Speaker 11: relations battle that goes along with the battle in Gaza,
Speaker 11: and I think that's one that Israel. The public relations
Speaker 11: battle is one that Israel is really struggling with.
Speaker 3: And while we watched the movement in the Gaza Strip, Bill,
Speaker 3: we are also monitoring movements by Russian President Vladimir Putin.
Speaker 3: We got the headline just moments ago that he has
Speaker 3: arrived in the United Arab Emirates. This is a pretty
Speaker 3: rare trip abroad for the Russian president.
Speaker 11: It is there's a lot going on here.
Speaker 4: I think.
Speaker 11: On the one hand, you know, you go to you
Speaker 11: go to the UAE, and you go to Saudi Arabia,
Speaker 11: where he's expected I think later in the day. You
Speaker 11: go there for one reason, and that's to talk about
Speaker 11: oil and energy. Russia has been supportive of the Opek
Speaker 11: plus arrangement to cut production further beginning in January. Russia
Speaker 11: and Saudi Arabia are really the backbone of that Opek
Speaker 11: plus agreement. Though Russia has not really been cutting back
Speaker 11: on production, it needs those oil sales to fund its
Speaker 11: war in Ukraine. But I think there's also just a
Speaker 11: very symbolic gesture and putin traveling, making this trip just
Speaker 11: sort of showing that he can travel. There's not many
Speaker 11: places where he can go at this point where he
Speaker 11: wouldn't be at risk of getting arrested for the for
Speaker 11: the Ukraine War. He's skipped a Brick summit in South
Speaker 11: Africa earlier this year because of concerns he might be detained.
Speaker 11: But he is, you know, he's able to travel relatively freely.
Speaker 11: There is a lot of Russian investment in this in
Speaker 11: the Gulf States, a lot of Russian companies that have
Speaker 11: fled Western sanctions relocated there, a lot of Russians relocated there,
Speaker 11: and so I think there's a whole bunch of issues
Speaker 11: on his agenda, from from oil to to investment. Uh,
Speaker 11: and then frankly, just the symbolic importance of being seen
Speaker 11: traveling abroad.
Speaker 3: President Biden is traveling as well, raising a lot of
Speaker 3: money for his re election campaign and making some pretty
Speaker 3: interesting comments on why he's running. He's saying that he
Speaker 3: might not even be running if not for former President Trump.
Speaker 3: It's kind of raising concerns, isn't it.
Speaker 11: Yeah, you have a lot of people who a lot
Speaker 11: of Democrats who would you know, who say they're really
Speaker 11: concerned about the president's age. They'd like to see a
Speaker 11: different candidate in the race. Frankly, you have a lot
Speaker 11: of Republicans who say that about Donald Trump at aged
Speaker 11: seventy seven as well. It says a lot about the race.
Speaker 11: I think Joe Biden in some ways is saying what
Speaker 11: perhaps Democratic strategists and leaders have been saying, which is,
Speaker 11: you know, he's he's the only guy who beat Trump
Speaker 11: in twenty twenty and and feels perhaps like he's the
Speaker 11: one to do it again. I think, you know, he
Speaker 11: seemed to walk back that comment a little bit when
Speaker 11: he returned to the White House last night, saying that
Speaker 11: if you know he would expect that maybe he would
Speaker 11: still be the candidate even if Trump wasn't running. But
Speaker 11: I think he said he said out loud, the quiet
Speaker 11: part that a lot of Democratic operatives have been saying
Speaker 11: for a while.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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