WEBVTT - Latest War Developments; Wall Street Awaits Inflation Report

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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>The war between Israel and Hamas is now in its

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<v Speaker 3>sixth day. Israeli jets continue to pound key targets in

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<v Speaker 3>Gaza ahead of a possible ground offensive. The military says

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<v Speaker 3>it hasn't decided yet on a full scale invasion, but

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<v Speaker 3>Israeli Prime Minister Benjamin Natanya, who is vowing Hamas will

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<v Speaker 3>be destroyed.

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<v Speaker 4>And we are fighting with all our strength on all fronts.

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<v Speaker 4>We went on the offensive. Every Hamas member is a

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<v Speaker 4>dead man. Hamas is isis and it will be crushed

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<v Speaker 4>and eliminated, just as the world crushed an eliminated ISIS.

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<v Speaker 3>Prime Minister Natanya, who says Hamas is threatened to kill

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<v Speaker 3>hostages if Israel target civilians in Gaza. The war has

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<v Speaker 3>left at least twenty four hundred dead on both sides.

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<v Speaker 3>In Secretary of State Anthony Blincoln has arrived in Tel

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<v Speaker 3>Aviv in a show of US support.

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<v Speaker 2>Well, Nathan, President Biden has once again off his full

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<v Speaker 2>support to Israel. He says, the US stands shoulder to

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<v Speaker 2>shoulder with its ally.

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<v Speaker 5>We're surging. Additional military assistance to the Israeli defense Force,

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<v Speaker 5>including ammunition interceptors with plentish iron Domo. We moved the

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<v Speaker 5>US carrier fleet to the Eastern Mediterranean and are sending

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<v Speaker 5>more fighter JUCH there in that region and made it clear,

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<v Speaker 5>made it clear to the Iranians be careful.

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<v Speaker 2>And President Biden is leaving open the possibility of refreezing

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<v Speaker 2>six billion dollars in i Runian oil money that was

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<v Speaker 2>released as part of a prisoner swamp made growing bipartisan criticism. Meanwhile,

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<v Speaker 2>a US official says intelligence agencies still have no evidence

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<v Speaker 2>indicating that Iran directed the onslaught.

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<v Speaker 3>In meantime, care in the US is raising its travel

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<v Speaker 3>advisory for Israel and the West Bank. Let's get the

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<v Speaker 3>very latest done that from Bloomberg's Lisa Mateo.

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<v Speaker 6>The Department of State has issued its second highest level

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<v Speaker 6>for the area, a Level three, warning citizens to reconsider

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<v Speaker 6>travel there due to the threat of terrorist attacks. Gaza

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<v Speaker 6>remains a level four do not travel. The advisory cautions

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<v Speaker 6>that terrorists and violent extremists may attack with little or

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<v Speaker 6>no warning. It comes as a growing number of airlines

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<v Speaker 6>as spend flights into Israel. Lisa Matteo Bloomberg Radio.

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<v Speaker 2>All right, Lisa, thank you. Now, we turned to the

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<v Speaker 2>latest developments in the battle for Speaker of the House.

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<v Speaker 2>Republicans have jumped to one hurdle, but Bloomberg's Aed Baxter

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<v Speaker 2>reports there appear to be many more.

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<v Speaker 7>The caucus nominated Steve Scalise for speaker, yet there is

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<v Speaker 7>a group of hardliners who say they will not vote

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<v Speaker 7>for him, and another group who say they need to

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<v Speaker 7>look further. The other contender, Jim Jordan, even back to him,

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<v Speaker 7>but still not enough votes to get to the magic

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<v Speaker 7>two seventeen. Scalise says he needs to get to work.

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<v Speaker 1>Our first resolution that we pass under Speaker Steve Scalise

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<v Speaker 1>will be to make it clear that we stand with Israel.

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<v Speaker 7>But that will have to wait because Scalise even saying

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<v Speaker 7>there is a lot of work to do on this first.

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<v Speaker 7>Ed Baxter, Bloomberg Radio.

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<v Speaker 8>Okay, Ed, thank you. Turning to the market.

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<v Speaker 3>In the economy, Wall Street is preparing for the consumer

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<v Speaker 3>price report for the month of September. As Bloomberg's Michael

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<v Speaker 3>McKee reports, economists are forecasting a further easing in inflation.

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<v Speaker 9>Wednesday's unexpected rise in the September Producer Price Index hasn't

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<v Speaker 9>changed forecasts for consumer prices. Analysts still see the index

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<v Speaker 9>up at only half the pace of August, as gasoline

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<v Speaker 9>prices remained relatively steady during the month even as oil

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<v Speaker 9>prices rose, and while goods prices rose faster than services.

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<v Speaker 9>In the PPI, investors in FED officials will focus on

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<v Speaker 9>CPI services services minus housing costs have contributed much of

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<v Speaker 9>the inflation pressure over the past year, and the expectation

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<v Speaker 9>is that should continue to ease. Michael McKee, Bloomberg Radio, all.

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<v Speaker 8>Right, Mike, thank you.

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<v Speaker 2>While the CPI print comes as numerous FED officials are

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<v Speaker 2>speaking out about the future of interest rates, Boston FED

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<v Speaker 2>President Susan Collins says officials are taking a more patient

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<v Speaker 2>approach to monetary policy.

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<v Speaker 10>We're likely very near and perhaps at the peak for

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<v Speaker 10>this tightening cycle, with the risk of inflation remaining persistently high,

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<v Speaker 10>more closely balanced with the risk of slowing activity more

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<v Speaker 10>than needed to achieve price stability.

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<v Speaker 2>Boston FED President Susan Collins added that quote further tightening

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<v Speaker 2>could be warranted depending on incoming information.

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<v Speaker 3>Well Karin, The United Auto Workers strike enters its twenty

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<v Speaker 3>eighth day now the union's making its boldest move yet

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<v Speaker 3>against the automakers. More on that in this report from

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<v Speaker 3>Bloomberg's John Tucker.

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<v Speaker 11>John Nathan, the eighty seven hundred workers at Fords Kentucky

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<v Speaker 11>truck plant have walked out. This is Ford's largest plant.

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<v Speaker 11>It's one of the largest plants on earth. In fact,

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<v Speaker 11>it's where they make the higher priced Super duty version

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<v Speaker 11>of the F series pickup, as well as the Lincoln

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<v Speaker 11>Navigator in Ford Expedition large SUVs. This plant generates twenty

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<v Speaker 11>five billion dollars a year in revenue. Its unexpected move.

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<v Speaker 11>Prior expansions of the strike have been announced in scheduled briefings.

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<v Speaker 11>Ford last week did propose a twenty three percent pay raise.

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<v Speaker 11>The UAW wants more. The company says this work stoppage

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<v Speaker 11>will generally painful after shocks in New York. I'm John Tucker.

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<v Speaker 8>All right, John, Thanks.

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<v Speaker 2>We have an update on another label dispute across the country.

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<v Speaker 2>Negotiations between Hollywood Studios and the Actors' Union have been suspended.

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<v Speaker 2>There are still disagreements in key areas like pay. The

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<v Speaker 2>union has been on strike since July.

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<v Speaker 3>And in the trial of Sam Bankman Fried Karen This morning,

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<v Speaker 3>Alan me to Research co CEO Caroline Ellison's expected to

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<v Speaker 3>be questioned by bankman Freed's attorneys.

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<v Speaker 8>Bloomberg's Angela Moon tells us what.

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<v Speaker 12>To expect, basically their strategy. It has all been all

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<v Speaker 12>along that Sam Bankmin Freed was unable to do this alone, right,

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<v Speaker 12>he had his inner circle, and they specifically mentioned that

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<v Speaker 12>she was put in this role so that she could

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<v Speaker 12>hedge the customer's money, so that when things got bad,

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<v Speaker 12>that she was basically the one that he was going

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<v Speaker 12>to rely on to get them out of trouble.

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<v Speaker 8>Wely in that report from Bloomberg's Angela Moon.

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<v Speaker 2>All right, Nathan, thank you at his time. Now for

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

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<v Speaker 2>around the world. For that were joined by Bloomberg to

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<v Speaker 2>Amy Morris Amy, Good morning, Kiara.

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<v Speaker 13>Nearly twenty Americans remain missing in Israel, and the Biden

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<v Speaker 13>administration is working on finding them. Bloomberg's Nancy Lyons brings

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<v Speaker 13>us more from Washington.

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<v Speaker 14>President Biden assured Jewish leaders at the White House that

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<v Speaker 14>his administration is doing everything it can to find the hostages,

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<v Speaker 14>including deploying experts to help in the search.

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<v Speaker 5>Now the press are going to shout to me and

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<v Speaker 5>many of you are that you know, what are you

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<v Speaker 5>doing to bring these to get these folks home? If

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<v Speaker 5>I told you, I wouldn't be able to get them home.

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<v Speaker 14>Biden's Secretary of State Anthony Blncoln will be meeting with

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<v Speaker 14>Israeli leaders in the next few days, and he says

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<v Speaker 14>he will be briefed on efforts to recover the hostages

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<v Speaker 14>in Washington, Nancy lyons Bloomberg Radio.

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<v Speaker 13>Meanwhile, Donald Trump is drawing criticism from Ron DeSantis arrival

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<v Speaker 13>for the Republican presidential nomination, over comments on Israel just

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<v Speaker 13>days after that bloody is sold by Hamas. During a

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<v Speaker 13>rally in West Palm Beach, Florida last night, Trump said

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<v Speaker 13>that Hesbolah was.

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<v Speaker 15>You know, Heswell is very smart. They're all very smart.

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<v Speaker 15>The press doesn't like when they say, you know, I

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<v Speaker 15>said that president chief of China one point four billion people.

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<v Speaker 15>He controls it with an iron fizz. I said he's

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<v Speaker 15>a very smart man. They killed me the next day.

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<v Speaker 15>I said he was smart. What am I going to say?

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<v Speaker 13>Trump added that Hamas would never have carried out the

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<v Speaker 13>assault under his watch and criticized Israeli Prime Minister Benjamin

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<v Speaker 13>Netanyahu for not joining him in a twenty twenty drone

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<v Speaker 13>strike in Iraq. He did emphasize strong support for Israel

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<v Speaker 13>and did condemn the violence. But Florida Governor rodas Said

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<v Speaker 13>has posted on x the former Twitter saying that it

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<v Speaker 13>is absurd for anyone, much less someone running for president,

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<v Speaker 13>to criticize Israel and praise has Belah. And just a

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<v Speaker 13>few hours, NASA is sending a spacecraft out into the

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<v Speaker 13>Solar System in hopes of better understanding Earth. Bloomberg's Tracy

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<v Speaker 13>Junkie has the story.

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<v Speaker 16>NASA is launching a mission to a metal asteroid called Psyche.

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<v Speaker 16>The two point two billion mile trip will take six years,

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<v Speaker 16>and once the probe arrives, it will be the first

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<v Speaker 16>to check out a world with a metal surface. It's

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<v Speaker 16>thought that Psyche's actually the core of a planet that

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<v Speaker 16>never got to develop a rocky surface like that of

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<v Speaker 16>Earth and Mars, and by studying Psyche, scientists hope to

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<v Speaker 16>learn more about how our own planet was formed. Tracy Johnkie,

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<v Speaker 16>Bloomberg Radio.

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<v Speaker 13>This morning's launch is set for ten sixteen Eastern time.

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<v Speaker 13>Global News twenty four hours a day, powered buy more

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<v Speaker 13>than twenty seven hundred journalists and analysts in more than

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<v Speaker 13>one hundred twenty countries. I'm Amy Morris.

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<v Speaker 8>This is Bloomberg Karen.

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<v Speaker 2>All right, Amy, thank you what we bring you news

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<v Speaker 2>throughout the day here on Bloomberg Radio. But now you

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<v Speaker 2>can get the latest news on demand whenever you wanted.

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<v Speaker 2>Subscribe to Bloomberg News Now to get the latest headlines

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<v Speaker 2>of the click of a button. Get informed on your schedule.

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

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<v Speaker 2>and anywhere else you get your podcasts. Time now for

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<v Speaker 2>the Bloomberg sh Sports Update. Here's John stanshawer John.

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<v Speaker 17>Karon, a triu of baseball postseason games. First top Minnesota.

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<v Speaker 17>The Twins had only three hits and the Astros won

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<v Speaker 17>three to two. They win the series three games to one.

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<v Speaker 17>They're off to the American League Championship Series for the

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<v Speaker 17>seventh year in a row.

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<v Speaker 8>They'll take on the Texas Rangers.

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<v Speaker 17>Next stop, Philadelphia. Nfils had a big third inning and

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<v Speaker 17>a big hit from their biggest star.

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<v Speaker 18>Here comes swing in a trive right field, wave back

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<v Speaker 18>and go oh baby, did crushing into the second deck

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<v Speaker 18>Amunster homer for Bryce Hartford with one swing.

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<v Speaker 17>The Phillies have a four to one league ESPN. The

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<v Speaker 17>call the final was ten to two. The Phillies lead

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<v Speaker 17>the Braves two games to one. They have Game four tonight.

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<v Speaker 17>Next stop was Phoenix. The Arizona Diamondbacks hitting four solo

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<v Speaker 17>home runs off the Dodgers Lance Lynn in the third inning.

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<v Speaker 17>They beat the Dodgers four to two. They sweep the series,

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<v Speaker 17>the second stree year that Dodgers have gone out in

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<v Speaker 17>the NLDS WNBA finals. Las Vegas aces easily of the

0:10:07.160 --> 0:10:10.040
<v Speaker 17>New York Liberty one oh four to seventy six. They

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<v Speaker 17>shot seventy percent in the first quarter and led by

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<v Speaker 17>nineteen and they leave the series to nothing. They can

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<v Speaker 17>win the championship Sunday in New York. No team has

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<v Speaker 17>one back to back titles in over twenty years. Urs

0:10:22.280 --> 0:10:24.640
<v Speaker 17>A Night Football looks like a miss. Matt Broncos are

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<v Speaker 17>one in four. Chiefs are four and one. They may

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<v Speaker 17>not have Travis Kelcey questionable with an ankle injury.

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<v Speaker 8>John Staneshawer Bloomberg Sports.

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<v Speaker 19>From coast to coast, from New York to San Francisco,

0:10:37.880 --> 0:10:42.959
<v Speaker 19>Boston to Washington, DC, nationwide on siriusxam, the Bloomberg Business

0:10:42.960 --> 0:10:44.719
<v Speaker 19>app in Bloomberg dot Com.

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<v Speaker 8>This is Bloomberg Daybreak.

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<v Speaker 3>Good morning. I'm Nathan Hager. Every HAMAS member is a

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<v Speaker 3>dead man. Those are the words of Israeli Prime Minister

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<v Speaker 3>Benjamin Natanyahu as his military appears prepared for a ground

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<v Speaker 3>defensive into Gaza on days of war with the Palestinian

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<v Speaker 3>militant group. For the latest, Ethan Brawner is back with

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<v Speaker 3>us Boomberg's Israel Bureau chief in Tel Aviv. Ethan, We've

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<v Speaker 3>been talking for days about the possibility of a ground invasion.

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<v Speaker 3>Does it look like it is imminent from where you

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<v Speaker 3>said it does?

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<v Speaker 20>But Tony Blinkin, the Secretary of State, is here for

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<v Speaker 20>the day of speaking with the Prime Minister and other

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<v Speaker 20>leaders here, and it seems reasonable to assume that the

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<v Speaker 20>Israeliers will not start it while he's here. So I

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<v Speaker 20>would guess for the next six or eight hours it's

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<v Speaker 20>not going to happen.

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<v Speaker 3>Just for the next six or eight hours. What are

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<v Speaker 3>your further expectations of what we could see during Secretary

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<v Speaker 3>of State Blincoln's visit that was prepared obviously rather hastily

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<v Speaker 3>as a show of US support for Israel.

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<v Speaker 20>Yes, well, as he arrived more or less simultaneously, the

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<v Speaker 20>battleship's fleet of battle vessels arrived in the Eastern Mediterranean

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<v Speaker 20>to send an American message to his blog and it's

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<v Speaker 20>Iranian sponsors to not get involved. There has been some

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<v Speaker 20>small bits of activity from the North, but so far

0:12:08.760 --> 0:12:14.440
<v Speaker 20>nothing dramatic. You know, I think that the core of

0:12:14.480 --> 0:12:17.440
<v Speaker 20>his message is likely to be We're behind you. And

0:12:17.480 --> 0:12:20.760
<v Speaker 20>then secondarily, but you know, you need to really not

0:12:21.000 --> 0:12:25.400
<v Speaker 20>go crazy. There is a sense that the Israelis are

0:12:25.480 --> 0:12:29.960
<v Speaker 20>so horrified, but what happened on Saturday that they are

0:12:31.640 --> 0:12:35.199
<v Speaker 20>they may take a little less care than they should

0:12:35.320 --> 0:12:40.720
<v Speaker 20>or have in avoiding the worst effects on civilians in Gaza.

0:12:40.800 --> 0:12:42.920
<v Speaker 8>And already, yeah.

0:12:42.920 --> 0:12:46.240
<v Speaker 20>Convict that Secretary of Blincoln is likely to warn them

0:12:46.280 --> 0:12:48.280
<v Speaker 20>against going too far. That would be my guess.

0:12:48.480 --> 0:12:50.840
<v Speaker 3>Yeah, I was going to say, already, we've seen the

0:12:50.880 --> 0:12:55.040
<v Speaker 3>images of the reprisal attacks on Gaza by Israel, pretty

0:12:55.040 --> 0:13:00.320
<v Speaker 3>devastating images of buildings destroyed, and your reporting that Israel

0:13:00.480 --> 0:13:04.920
<v Speaker 3>is targeting hamas political along with military leaders. If we

0:13:05.040 --> 0:13:07.800
<v Speaker 3>do see this move into a ground defensive, I mean,

0:13:07.800 --> 0:13:10.760
<v Speaker 3>what are the implications there. We already have a pretty

0:13:10.800 --> 0:13:15.400
<v Speaker 3>significant humanitarian situation as well in Gaza right now, that's right.

0:13:15.360 --> 0:13:19.520
<v Speaker 20>We would see a terribly worsening one in Gaza if

0:13:19.520 --> 0:13:23.640
<v Speaker 20>this goes forward, and of course one has to imagine

0:13:23.640 --> 0:13:27.440
<v Speaker 20>many dead Israeli soldiers as well as captured Israeli soldiers.

0:13:28.720 --> 0:13:31.280
<v Speaker 20>The terrain is certainly much more favorable to the people

0:13:31.320 --> 0:13:32.960
<v Speaker 20>who live there and who know it and who have

0:13:33.040 --> 0:13:35.720
<v Speaker 20>been shaping it. I mean, this is an issue for

0:13:35.760 --> 0:13:39.000
<v Speaker 20>the last fifteen sixteen years that Hamas has been in

0:13:39.120 --> 0:13:43.839
<v Speaker 20>charge of Gaza that there's been Israeli ground troops began

0:13:43.880 --> 0:13:46.360
<v Speaker 20>to go in in eight oh nine in that war.

0:13:46.480 --> 0:13:49.719
<v Speaker 20>They did go in in fourteen, and Hamas has sort

0:13:49.760 --> 0:13:53.719
<v Speaker 20>of prepared underground tunnels and underground places in order to

0:13:54.160 --> 0:13:57.360
<v Speaker 20>mess with the tanks and the people coming in. Obviously,

0:13:57.400 --> 0:14:00.640
<v Speaker 20>the Israelis also know that it's little hard to know

0:14:00.679 --> 0:14:03.680
<v Speaker 20>how it's going to all shake out, but it doesn't

0:14:03.720 --> 0:14:05.679
<v Speaker 20>promise to be simple.

0:14:06.120 --> 0:14:09.080
<v Speaker 3>And we've also heard the threats and warnings from Humas

0:14:09.240 --> 0:14:14.400
<v Speaker 3>that hostages could be killed if civilians are targeted by

0:14:14.640 --> 0:14:19.680
<v Speaker 3>Israel in Gaza. Is that potentially tempering the feelings that

0:14:19.840 --> 0:14:22.960
<v Speaker 3>Israeli leaders could have ahead of what's to come in Gaza.

0:14:23.800 --> 0:14:26.200
<v Speaker 20>You might imagine that it is, but it is not

0:14:26.520 --> 0:14:28.960
<v Speaker 20>the best of my ability to understand what's going on.

0:14:29.160 --> 0:14:35.160
<v Speaker 20>The Israeli attitude has hardened quite significantly as a result

0:14:35.200 --> 0:14:38.520
<v Speaker 20>of what happened on Saturday, and there is almost no

0:14:39.520 --> 0:14:43.520
<v Speaker 20>interest or time in a kind of mercy for any

0:14:43.680 --> 0:14:47.880
<v Speaker 20>civilian situation, either their own guys and so forth. There's

0:14:48.040 --> 0:14:51.080
<v Speaker 20>definitely a sense that they're not going to allow the

0:14:51.080 --> 0:14:54.080
<v Speaker 20>holding of their hostages to stop them from doing what

0:14:54.120 --> 0:14:55.320
<v Speaker 20>they believe they have to do.

0:14:56.200 --> 0:14:59.560
<v Speaker 3>And we do have the Unity government now behind Prime

0:14:59.600 --> 0:15:04.320
<v Speaker 3>Minister N'atagnya, who the opposition leader Benny Gantsa putting his

0:15:04.360 --> 0:15:07.440
<v Speaker 3>differences with Natanya, who aside at least as far as

0:15:07.520 --> 0:15:11.400
<v Speaker 3>the war goes, What could that mean for Prime Minister Natanya,

0:15:11.440 --> 0:15:14.600
<v Speaker 3>whose leadership and where this war could go in the

0:15:14.680 --> 0:15:15.040
<v Speaker 3>days and.

0:15:15.000 --> 0:15:15.560
<v Speaker 8>Weeks to come.

0:15:15.600 --> 0:15:20.320
<v Speaker 20>Ethan, So, Benny gans is a more moderate figure than

0:15:20.600 --> 0:15:24.360
<v Speaker 20>Prime Minister, and so one has to imagine that he

0:15:24.600 --> 0:15:28.000
<v Speaker 20>will be a moderating influence in some fashion, although it's

0:15:28.120 --> 0:15:31.320
<v Speaker 20>confusing because all of the so called moderates, and I

0:15:31.320 --> 0:15:34.040
<v Speaker 20>don't mean that in any negative way. In Israel today

0:15:34.400 --> 0:15:37.880
<v Speaker 20>still seem as angry and as vengeful as people on

0:15:37.920 --> 0:15:40.360
<v Speaker 20>the right, So I don't really know what it means.

0:15:40.400 --> 0:15:43.400
<v Speaker 20>It means that decisions that are going to be taking

0:15:43.440 --> 0:15:46.560
<v Speaker 20>and there's just an inner war cabinet of the Prime

0:15:46.600 --> 0:15:51.480
<v Speaker 20>Minister Benny Gantz and doof Gallant, who is the Defence Minister,

0:15:51.960 --> 0:15:54.560
<v Speaker 20>and they're going to make all the decisions. So it

0:15:54.640 --> 0:15:57.680
<v Speaker 20>does mean that the extremists in this government, ben Vere

0:15:57.760 --> 0:16:00.280
<v Speaker 20>and Smotrich to wait to the right, are left out

0:16:00.320 --> 0:16:03.400
<v Speaker 20>of the main decision making. I'm not really sure what

0:16:03.440 --> 0:16:06.800
<v Speaker 20>that will mean. I assume it will mean, you know,

0:16:06.920 --> 0:16:08.520
<v Speaker 20>cooler heads, but I'm not sure.

0:16:10.840 --> 0:16:13.920
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