1
00:00:01,280 --> 00:00:03,760
Speaker 1: News when you want it. With Bloomberg News Now, I'm

2
00:00:03,800 --> 00:00:07,600
Speaker 1: Doug Prisner. President Biden will visit Israel on Wednesday. The

3
00:00:07,600 --> 00:00:11,360
Speaker 1: announcement was made by Secretary of State Antony Blincoln after

4
00:00:11,680 --> 00:00:15,200
Speaker 1: a near eight hour meeting with Israel's war cabinet.

5
00:00:15,480 --> 00:00:18,200
Speaker 2: President we'll hear from Israel what it needs to defend

6
00:00:18,200 --> 00:00:21,439
Speaker 2: its people as we continue to work with Congress to

7
00:00:21,480 --> 00:00:22,240
Speaker 2: meet those needs.

8
00:00:22,320 --> 00:00:25,960
Speaker 1: That is US Secretary of State Antony Blincoln. Meantime, today,

9
00:00:26,239 --> 00:00:29,400
Speaker 1: the Palestinian on Void to China is calling for Beijing

10
00:00:29,480 --> 00:00:32,519
Speaker 1: to play a role in ending the war between Israel

11
00:00:32,600 --> 00:00:38,120
Speaker 1: and Hamas. Here is Ambassador Fares Madwali speaking earlier with Bloomberg.

12
00:00:38,440 --> 00:00:41,560
Speaker 3: We need to stop what's going on. People are dying

13
00:00:42,280 --> 00:00:46,360
Speaker 3: and we need to address this situation. It's the obligation

14
00:00:46,400 --> 00:00:50,160
Speaker 3: of the international community. We are urging not only Palestinian,

15
00:00:50,240 --> 00:00:53,840
Speaker 3: but the all Arab countries are urging everybody. We need

16
00:00:53,880 --> 00:00:57,000
Speaker 3: the joined coordinated efforts really to make this happen.

17
00:00:57,280 --> 00:01:01,240
Speaker 1: That is Palestinian Void to China Fares Wahi. He did

18
00:01:01,280 --> 00:01:04,679
Speaker 1: not specify how Beijing might play a role in ending

19
00:01:04,720 --> 00:01:07,000
Speaker 1: the war, although his comments are the latest in a

20
00:01:07,120 --> 00:01:10,880
Speaker 1: chorus of voices looking for Beijing to step ups those efforts.

21
00:01:11,160 --> 00:01:13,959
Speaker 1: Over the weekend, Secretary of State blink and also urged

22
00:01:14,040 --> 00:01:17,600
Speaker 1: China to use its influence to prevent other actors from

23
00:01:17,760 --> 00:01:22,120
Speaker 1: entering the conflict. In the US, hardline Conservative Representative Jim

24
00:01:22,240 --> 00:01:25,440
Speaker 1: Jordan has gained momentum in his quest to be the

25
00:01:25,480 --> 00:01:28,479
Speaker 1: next Speaker of the House. Jordan picked up the endorsements

26
00:01:28,520 --> 00:01:31,840
Speaker 1: of three GOP defense Hawks after he promised to fund

27
00:01:31,840 --> 00:01:35,959
Speaker 1: the military and vow to destroy Hamas and support Israel.

28
00:01:36,360 --> 00:01:38,520
Speaker 1: Now Jordan is saying it's time for the House to

29
00:01:38,560 --> 00:01:40,360
Speaker 1: get back to work so as we.

30
00:01:40,280 --> 00:01:42,200
Speaker 2: Can help the American peoples get the House open. We

31
00:01:42,200 --> 00:01:43,679
Speaker 2: can't do that till we get a speaker. So let's

32
00:01:43,720 --> 00:01:45,640
Speaker 2: get a speaker tomorrow and get back to work for

33
00:01:45,680 --> 00:01:49,760
Speaker 2: the American people and help our dear and closest friend,

34
00:01:49,800 --> 00:01:50,880
Speaker 2: the state of Israel.

35
00:01:50,720 --> 00:01:54,360
Speaker 1: That is GOP Representative Jim Jordan. Now a speaker vote

36
00:01:54,440 --> 00:01:57,960
Speaker 1: could come as soon as tomorrow afternoon. Apple's new iPhone

37
00:01:58,000 --> 00:02:00,880
Speaker 1: fifteen appears to be selling far worse in China then

38
00:02:00,960 --> 00:02:04,840
Speaker 1: the earlier generation. Separate studies are pointing to weak consumption.

39
00:02:05,320 --> 00:02:08,760
Speaker 1: Counterpoint Research says over the first seventeen days of release,

40
00:02:08,840 --> 00:02:11,519
Speaker 1: sales of the new iPhone were down four and a

41
00:02:11,600 --> 00:02:15,760
Speaker 1: half percent compared with the iPhone fourteen. Meantime, analyst over

42
00:02:15,760 --> 00:02:19,679
Speaker 1: at Jeffrey's believe iPhone fifteen sales were down double digits

43
00:02:19,919 --> 00:02:23,640
Speaker 1: as Huawei outsold Apple. Here's Bloomberg's alex Web.

44
00:02:24,080 --> 00:02:26,880
Speaker 4: We have seen a slowing of sales in China. It's

45
00:02:26,919 --> 00:02:29,640
Speaker 4: not really dropped significantly, but if you look at trailing

46
00:02:29,639 --> 00:02:31,920
Speaker 4: twelve months sales, there has certainly been a flattening. The

47
00:02:32,000 --> 00:02:33,920
Speaker 4: key question is whether this is to do with a

48
00:02:33,960 --> 00:02:36,840
Speaker 4: sort of resurgence of Chinese nationalism and a real gusto

49
00:02:36,919 --> 00:02:40,360
Speaker 4: going behind Huawei's new headline device, which may not be

50
00:02:40,360 --> 00:02:43,280
Speaker 4: able to sell, may be able to manufacture that many units.

51
00:02:43,600 --> 00:02:45,760
Speaker 4: But is that something that's taking chunks out of Apple

52
00:02:45,960 --> 00:02:48,160
Speaker 4: or secondly, is it just the Chinese economy. If it's

53
00:02:48,160 --> 00:02:50,680
Speaker 4: just the Chinese economy, then if that economy of covers

54
00:02:50,680 --> 00:02:51,520
Speaker 4: Apple will cover two.

55
00:02:51,600 --> 00:02:54,280
Speaker 1: That is Bloomberg's alex Web. By the way, Apple shares

56
00:02:54,320 --> 00:02:56,840
Speaker 1: were a little changed in New York trading today, there

57
00:02:56,840 --> 00:02:59,680
Speaker 1: were some wild price wings in bitcoin. The story from

58
00:02:59,680 --> 00:03:00,920
Speaker 1: bloom Burgs and Kates.

59
00:03:01,040 --> 00:03:04,160
Speaker 5: The largest digital asset was whipsawed after a false report

60
00:03:04,240 --> 00:03:07,440
Speaker 5: circulated that the US had approved a long awaited exchange

61
00:03:07,440 --> 00:03:10,799
Speaker 5: traded fund. Blackrock said that its application for an ETF

62
00:03:10,800 --> 00:03:14,200
Speaker 5: that invests directly in cryptocurrency is still under review. The

63
00:03:14,240 --> 00:03:16,840
Speaker 5: episode suggests there remains a lot of excitement and hope

64
00:03:16,840 --> 00:03:19,840
Speaker 5: for a spot bitcoin product in the US, which regulators

65
00:03:19,840 --> 00:03:22,400
Speaker 5: in the past have refused to allow. The Securities and

66
00:03:22,440 --> 00:03:26,680
Speaker 5: Exchange Commission previously cited market manipulation among other reasons for

67
00:03:26,800 --> 00:03:28,040
Speaker 5: not granting an endorsement.

68
00:03:28,080 --> 00:03:30,720
Speaker 1: That is Bloomberg's and Kates. We go to China next,

69
00:03:30,760 --> 00:03:33,639
Speaker 1: where the government is kicking off its third Belton Road

70
00:03:33,760 --> 00:03:36,680
Speaker 1: Forum today in Beijing. More from Bloomberg's Juan Wong in

71
00:03:36,720 --> 00:03:37,480
Speaker 1: Hong Kong.

72
00:03:37,840 --> 00:03:41,480
Speaker 6: President Jijingping's big project faces a degree of criticism from

73
00:03:41,480 --> 00:03:45,200
Speaker 6: developing nations heavily laden with debt. The event has attracted

74
00:03:45,240 --> 00:03:49,480
Speaker 6: dignitaries from around the world, including Russian President Vladimir put In.

75
00:03:49,800 --> 00:03:52,320
Speaker 6: A meeting between g and put In may gather more

76
00:03:52,360 --> 00:03:55,520
Speaker 6: attention than the forum itself. The meeting will aim to

77
00:03:55,560 --> 00:03:58,760
Speaker 6: further strengthen ties between China and Russia. That says that

78
00:03:58,840 --> 00:04:02,200
Speaker 6: you try to distance themselve from US pressure. The Belton

79
00:04:02,280 --> 00:04:05,600
Speaker 6: Road initiative suffered at below last month after Italy told

80
00:04:05,680 --> 00:04:09,440
Speaker 6: China it attends to quit. The forum runs today through tomorrow.

81
00:04:09,520 --> 00:04:12,280
Speaker 1: That is Bloomberg's Joanne Wong in Hong Kong. The price

82
00:04:12,280 --> 00:04:15,560
Speaker 1: of crude oil is continuing to trade weaker on reports

83
00:04:15,560 --> 00:04:19,479
Speaker 1: the US was going to lift sanctions on Venezuela in

84
00:04:19,560 --> 00:04:24,120
Speaker 1: exchange for Faery elections. Right now, WTI trading eighty six twenty.

85
00:04:24,480 --> 00:04:27,239
Speaker 1: And that is news when you wanted with Bloomberg News. Now,

86
00:04:27,320 --> 00:04:29,279
Speaker 1: I'm Doug Chrisner, and this is Bloomberg