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

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Speaker 1: Leslie Latdo. Citizens living in the Gaza Strip are being

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Speaker 1: urged to leave. Food and medical supplies began crossing in

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Speaker 1: from Egypt for the first time since the Israel Hamas

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Speaker 1: war erupted two weeks ago, addressing a key demand for US,

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Speaker 1: European and Arab leaders as the humanitarian situation worsens. At

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Speaker 1: the same time, dozens of leaders and senior officials from

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Speaker 1: the Middle East, Europe, and Africa met in Cairo, searching

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Speaker 1: for ways to prevent the war from becoming a wider conflict.

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Speaker 1: President Biden has spoken with the two American hostages who

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Speaker 1: were released by Hamas. In a video released by the

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Speaker 1: White House, Biden told Judith Rannon and her daughter Natalie

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Speaker 1: that he was delighted they were released and hoped that

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Speaker 1: they were both in good health.

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Speaker 2: I hope, I hope you're both ruf how were feeling

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Speaker 2: you but in good health as well. Yes.

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Speaker 1: The President added that he is working to get the

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Speaker 1: remaining hostages released. The two women were kidnapped on October seventh,

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Speaker 1: when Hamas gunmen stormed across the border into southern Israel,

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Speaker 1: killing hundreds and taking dozens of hostages. The chaos for

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Speaker 1: a House speaker continues as Democrats in Congress are now

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Speaker 1: calling for quote a less extreme reasonable candidate, according to

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Speaker 1: Minority Leader Hakim Jeffries califringa moderate Democrat, Josh Harder says,

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Speaker 1: the only way to govern in an era of divided

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Speaker 1: government is from the center.

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Speaker 3: Somebody who can work across party lines to keep the

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Speaker 3: government open and ensure that we get back to work.

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Speaker 3: We have real things that need solving. We have to

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Speaker 3: make sure that we're pushing for a humanitarian aid package

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Speaker 3: in Gaza and Israel.

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Speaker 1: Harder also points to the need for a continued support

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Speaker 1: for Ukraine and the US domestic agenda. Another federal funding

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Speaker 1: crisis looms next month. Harder points to what he calls

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Speaker 1: a few radical extremists on the far right for causing

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Speaker 1: a quote civil war of dysfunction in the GOP. Members

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Speaker 1: return Monday to continue the search for new speaker. Fears

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Speaker 1: of an atomic arms race grow after the US conducted

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Speaker 1: a high explosive experiment at a nuclear test site in Nevada.

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Speaker 1: Bloomberg's Jonathan to Ne covers international energy markets with a

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Speaker 1: focus on nuclear energy and says actions like the experiment

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Speaker 1: last Wednesday, can be misinterpreted by other nations.

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Speaker 2: Since nineteen ninety two, the US has had a voluntary

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Speaker 2: moratorium against nuclear tests. Nevertheless, the US has five thousand

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Speaker 2: nuclear weapons and stockpile and needs to maintain the integrity

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Speaker 2: of those weapons. Therefore, they conduct tests of the mechanics

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Speaker 2: they called physics experiments Basically. This test was conducted just

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Speaker 2: hours after the Russians revoked their participation in the Comprehensive

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Speaker 2: Nuclear Test Ban Treaty.

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Speaker 1: Bloomberg's Jonathan to Rone, reporting from Vienna. Analysts say they

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Speaker 1: are concerns tests by the National Nuclear Security Administration could

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Speaker 1: be misinterpreted and lead to further escalation from Russia. Americans

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Speaker 1: are falling behind on their auto loans at the highest

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Speaker 1: rate in nearly three decades. We get more on that

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Speaker 1: story from Bloomberg's Denise Pellegreene.

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Speaker 4: The share of subprime auto borrowers at least sixty days

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Speaker 4: past due on their car payments rowse to six point

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Speaker 4: one one percent in September, and that's the highest in

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Speaker 4: data going all the way back to nineteen ninety four,

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Speaker 4: according to Fitch Ratings. Couple things behind this the surge

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Speaker 4: of course in car prices is in helping, but of

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Speaker 4: course the big thing is borrowing. Costs on the rise,

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Speaker 4: and with the Federal Reserve indicating it does plan to

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Speaker 4: keep interest rates higher for longer, this problem is likely

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Speaker 4: to stay with us for a while, especially as millions

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Speaker 4: of Americans are now required once again to start making

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Speaker 4: payments on their federal student loans. Denise Pellegrene Bloomberg Radio.

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Speaker 1: Thousands of jobs could be cut as British Steel overhauls

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Speaker 1: its operations and looks to reduce pollution at its sites.

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Speaker 1: Its owner, which rescued the steelmaker in twenty twenty, is

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Speaker 1: in discussions with turnaround consultants to oversee a cost cutting program.

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Speaker 1: The Times reports there are no final decisions yet, but

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Speaker 1: as many as two thousand jobs could be slashed as

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Speaker 1: part of the company's plan to convert blast furnaces to

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Speaker 1: electric arc furnace technology, which could bring in fresh funding.

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Speaker 1: That's news when you want it with Bloomberg News. Now,

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Speaker 1: I'm Leslie Lado and this