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Speaker 1: News when he wanted with Bloomberg News. Now, I'm Dan Schwartzman.

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Speaker 1: As the war in Gaza continues, Egypt has put forth

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Speaker 1: an initial proposal to and the hostilities, which include a ceasefire,

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Speaker 1: a faced hostage release, as well as the creation of

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Speaker 1: a Palestinian government of experts that would administer both the

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Speaker 1: West Bank and Gaza strip. The proposal, which was worked

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Speaker 1: out with Cutter, has been presented to Israel, Hamas, the

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Speaker 1: United States and European governments. Neither Israel nor Hamas has

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Speaker 1: commented directly on the proposal, but have not rejected it.

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Speaker 1: The proposal, though, fall short of Israel's goal of destroying

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Speaker 1: Hamas and is unlikely to be agreed to by the

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Speaker 1: terror group as he would be forced to relinquish power.

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Speaker 1: Iran has acknowledged that a senior commander of its Revolutionary Guard,

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Speaker 1: Sayed Razi Muzavi, was killed in an Israeli airstrike in

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Speaker 1: Damascus earlier today. Iran's president Abrahim Raisi says that Israel

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Speaker 1: pay a price for killing Musavi, who it says was

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Speaker 1: serving as a military advisor in Syria. Ukraine says it

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Speaker 1: has shot down five Russian fighter jets over the past

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Speaker 1: three days, which would constitute the biggest weekly loss of

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Speaker 1: planes for Russia since the start of the war. The

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Speaker 1: New York Times says that analysts and Ukrainian officials attribute

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Speaker 1: the success to the country's use of American Patriot missiles. Meanwhile,

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Speaker 1: Russia claims it is taking control of the town of

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Speaker 1: Marinka on the Eastern Front, which Ukraine has denied. The

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Speaker 1: labor market could be about to weaken if one indicator

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Speaker 1: is correct. Bloomberg's Denise Pellegrini.

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Speaker 2: Reports notices of pending mass layoffs are increasing. I'm talking

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Speaker 2: about notices of pending workforce reductions filed with state officials.

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Speaker 2: The Worker Adjustment and Retraining Notification or WARN Act, gives

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Speaker 2: advanced notice of certain plant closings and mass layoffs. They

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Speaker 2: tend to lead layoffs by about two to three months,

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Speaker 2: and these WARN notices have increased in certain states, including Texas, Colorado, Florida, Michigan, Illinois, Maryland, Wisconsin,

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Speaker 2: and New Jersey. Bloomberg Economics says this year, cooling excess

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Speaker 2: demand for workers largely accounted for the slowdown in the

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Speaker 2: labor market, but says in twenty twenty four of these

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Speaker 2: WARN notices suggest layoffs will play a larger role. Denise

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Speaker 2: Pellegriney Bloomberg Radio Thanks Denise.

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Speaker 1: Daihatsu is halting shipments and suspending operations as a company

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Speaker 1: deals with the fallout of an investigation that revealed that

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Speaker 1: most of its vehicles weren't properly tested for collision safety.

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Speaker 1: The Toyota subsidiary had its offices in Osaka rated last

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Speaker 1: week by Japan's Transport Ministry after revelations that the company

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Speaker 1: manipulated results of safety test dating back as far as

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Speaker 1: nineteen eighty nine. Daihatsu requested a third party investigation back

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Speaker 1: in April, which found one hundred and seventy four issues

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Speaker 1: had been identified across sixty four models. Daihatsu became a

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Speaker 1: wholly owned subsidiary of Toyota back in twenty sixteen. Engineering

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Speaker 1: software provider Ansis is said to be weighing options, including

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Speaker 1: a sale. Bloomberg's Charlie Pellett has details.

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Speaker 3: Dan sources tell Bloomberg the Cannonsburg, Pennsylvania based company is

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Speaker 3: working with advisors. They say no final decision has been made,

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Speaker 3: an Ances could opt to remain independent now. In a statement,

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Speaker 3: an Ancess spokesperson said quote, M and A rumors are

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Speaker 3: not uncommon in our industry, and it's our long standing

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Speaker 3: policy not to comment on them. Ansis makes simulation software

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Speaker 3: that's used by engineers to help predict how products from

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Speaker 3: rockets to airplanes will work in the real world.

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Speaker 1: Dan thanks Charlie MAYERSK, will resume shipping through the Red

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Speaker 1: Sea after the creation of a US led multinational Maritime

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Speaker 1: task Force to combat the threat from Iranian back to

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Speaker 1: Yemeni Huthi Rebels, the second largest container line in the world,

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Speaker 1: as well as other companies, had begun diverting ships from

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Speaker 1: the Red Sea as a tax increased, including a drone

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Speaker 1: that struck the chemical tanker Kempluto on Saturday. Marisk says

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Speaker 1: that while they are resuming sailing into the Red Sea,

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Speaker 1: they won't hesitate to reevaluate the safety situation for its

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Speaker 1: vessels and crews. About twelve percent of all global trade

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Speaker 1: transits through the Red Sea. Russia continues to pump high

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Speaker 1: levels of crude oil. From December fourteenth to the twentieth,

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Speaker 1: the nation processed five point sixty five million barrels of

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Speaker 1: crude per day overall Russia in the first twenty days

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Speaker 1: of December was refining almost sixty thousand more bowls per

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Speaker 1: day than in November. Russia, along with its OPEK plus allies,

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Speaker 1: has pledged to cut exports by three hundred thousand barrels

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Speaker 1: per day till the end of the year, plus another

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Speaker 1: two hundred thousand per day in the first quarter of

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Speaker 1: twenty twenty four. The pledge on export cuts comes on

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Speaker 1: top of voluntary output curbs of five hundred thousand dollars

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Speaker 1: a day from March twenty twenty three through twenty twenty four.

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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 Dan Schwartzman, and this is Bloomberg