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

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Speaker 1: Doug Chrisner. Nike is getting a familiar face as its

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Speaker 1: new leader. Longtime company veteran Elliott Hill is coming out

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Speaker 1: of retirement to replace John Donahoe as CEO. Here's Bloombergg's

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Speaker 1: Lilly Meyer on the change out. Of all of the

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Speaker 1: employees and former employees that we spoke to, his name

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Speaker 1: coming up, He's super beloved in the Nike community, and

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Speaker 1: so people will be really excited to hear the news.

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Speaker 1: Chares and Nike were up as much as ten percent

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Speaker 1: in late US trading. FedEx has cut the top end

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Speaker 1: of its full year profit outlook. The company also reported

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Speaker 1: earnings for the latest quarter below expectations due to softer

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Speaker 1: demand for packaged deliveries. Here's Bloomberg's Charlie Pellett.

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Speaker 2: In what CEO RAJ Supermanium called a challenging quarter. The

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Speaker 2: Memphis based companies that it was hurt by lower demand

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Speaker 2: for priority services as customers traded down to cheaper shipping options.

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Speaker 2: That X is considered somewhat of an economic bell weather

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Speaker 2: due to its wide exposure to in industries ranging across

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Speaker 2: the global economy, from retail to manufacturing. FedEx is in

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Speaker 2: the process of integrating its ground and express delivery networks

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Speaker 2: as part of a wider cost cutting drive. Supermanium says

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Speaker 2: the company remains on track for savings of two point

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Speaker 2: two billion dollars this fiscal year. In New York, Charlie

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Speaker 2: Pealett Bloomberg Radio, the.

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Speaker 1: Number of confirmed dead is now thirty seven after a

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Speaker 1: series of walkie talkie and pager explosions in Lebanon this week.

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Speaker 1: Israel has neither confirmed nor denied responsibility for these blasts,

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Speaker 1: although Israel now says it's focusing on Hesbalagh in its

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Speaker 1: war with militant groups. Here's Bloomberg's Jumana Percecchi.

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Speaker 3: In Dubai, we heard from the Israeli Defense Minister yesterday,

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Speaker 3: yu Av Galan, saying that the center of gravity is

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Speaker 3: moving north and that they are mobilizing troops toward towards

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Speaker 3: the northern border now, and this is a quote. We

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Speaker 3: are at the start of a new phase in the

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Speaker 3: war and we must adapt, and of course you have

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Speaker 3: to take that. In parallel to comments from these, Prime

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Speaker 3: Minister Benjamin Natagne that he delivered on Tuesday saying that

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Speaker 3: there is a new objective, a new war objective, and

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Speaker 3: that is to return security to the northern border.

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Speaker 1: That's Bloomberg's Jumana Bursecchi in Dubai. Meantime, the head of

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Speaker 1: Hesbelah promised to retaliate against Israel. In a video address.

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Speaker 1: Hassan Nosrala said his group suffered a huge security and

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Speaker 1: humanitarian blow. Here is Bloomberg's Ethan Bronner in Tel Aviv.

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Speaker 4: Israel had crossed all these all red lines had been crossed,

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Speaker 4: and they were going to regret it. They were going

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Speaker 4: to make sure that Israel would not be able to

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Speaker 4: move its residence back to the north, which is the goal.

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Speaker 4: Israel wants to be able to bring the sixty thousand

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Speaker 4: people who've been forced out of their homes for almost

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Speaker 4: a year to be able to go back home.

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Speaker 1: That's Bloomberg's Ethan Bronner in Tel Aviv. Nosraela said those

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Speaker 1: Israelis won't be able to go home until the war

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Speaker 1: in Gaza ends. And as he spoke, the Israeli military

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Speaker 1: launched a series of airstrikes on Hesbela targets in southern Lebanon.

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Speaker 1: The Senate is moving forward with a plan to keep

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Speaker 1: the US government open past next week's budget deadline. Bloomberg's

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Speaker 1: Amy Morris has details from Washington.

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Speaker 5: Senate Majority Leader Chuck Schumer is teeing off the process

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Speaker 5: to move the chamber's own stop gap funding plan.

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Speaker 3: House Republicans don't seem to have any plan for actually

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Speaker 3: keeping the government open, so the Senate will step in.

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Speaker 5: The House failed to pass Speaker Mike Johnson's six month

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Speaker 5: funding bill tied to a measure requiring proof of citizenship

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Speaker 5: to vote. A Senate version won't include those funding provisions

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Speaker 5: and is likely to extend funding into December. Republican senators

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Speaker 5: have mostly supported Johnson's efforts, but have left the door

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Speaker 5: open to taking the reins if the House continues to stumble.

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Speaker 5: As that September thirtieth funding deadline draws near in Washington,

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Speaker 5: Amy Morris, Bloomberg Radio.

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Speaker 1: Los Angeles Dodgers star sho Hey Otani became the first

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Speaker 1: player in Major League Baseball history to join the fifty

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Speaker 1: to fifty club on Thursday. That is fifty home runs

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Speaker 1: and fifty stolen bases. And that is news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Doug Prisoner, and

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Speaker 1: this is Bloomberg,