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Speaker 1: News when you wanted with Bloomberg News Now, I'm lariy Kowski.

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Speaker 1: As BOLA leader Hassan Nosrala warns that all possibilities are

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Speaker 1: open his clashes intensify on Israel's northern border. He says

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Speaker 1: escalation will depend on developments in Gaza and Israel's behavior

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Speaker 1: toward Lebanon. In his first public statement on the war

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Speaker 1: and Israela said no one knew beforehand about Hama's plans

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Speaker 1: to attack Israel. On October seventh, both is Balala and

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Speaker 1: Hamas are classified as terrorist organizations by the US Secretary

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Speaker 1: of State Antony Blincoln returned to the region and met

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Speaker 1: with Israeli Prime Minister Benjamin Netanyahoo. Speaking at a news

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Speaker 1: conference in Tel Aviv, Lincoln shifted his focus to protecting civilian.

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Speaker 2: We've been clear that as Israel conducts his campaign to

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Speaker 2: defeat AMS.

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Speaker 3: How it does so matters.

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Speaker 2: It matters because it's the right and lawful thing to do.

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Speaker 1: Lincoln's trip comes as Israeli troops in circle Gaza city

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Speaker 1: and carry out intense aerial bombardments. Gaza health official said

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Speaker 1: one air strike hit near the territory's main hospital, and

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Speaker 1: the Israeli military said it targeted an ambulance used by

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Speaker 1: Hamas militants. The US says it's flying drones over Gaza

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Speaker 1: to help with hostage rescue efforts here at home. The

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Speaker 1: US jobs market downshifted in October. The government reports one

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Speaker 1: hundred and fifty thousand jobs created that was fewer than expected.

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Speaker 1: The unemployment rate rose to three point nine percent. The

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Speaker 1: report fueled speculation on Wall Street that the FED will

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Speaker 1: not raise interest rates again. Federal Reserve Bank of Atlanta

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Speaker 1: president Rafael Bostik says policymakers have time to watch how

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Speaker 1: the economy is evolving and be patient when it comes

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Speaker 1: to interest rate moves. He says spending needs to slow

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Speaker 1: before inflation can go down.

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Speaker 2: The thing that I think people need to just keep

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Speaker 2: in mind is that through this pandemic period, through this

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Speaker 2: high inflationary period, we've had exceptional demand. Consumers have been

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Speaker 2: continuing to spend, and once that gets back to a

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Speaker 2: normal level, then we'll be back into an a more

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Speaker 2: normal environment where inflation will be at two percent.

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Speaker 1: Wall Street welcome the October jobs report. Stocks rallied for

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Speaker 1: a fifth day, closing out their best week of twenty

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Speaker 1: twenty three. The Nasdaq led the way, climbing more than

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Speaker 1: one and a quarter percent. The US government has laid

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Speaker 1: out a pathway for placing firms other than banks under

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Speaker 1: strict federal reserve oversight, a major regulatory threat to hedge

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Speaker 1: funds and investment companies. After months back and forth, Washington's

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Speaker 1: top financial officials have released a new framework for designating

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Speaker 1: financial firms as systemically important. That too big to fail

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Speaker 1: tag brings major compliance costs and regulatory headaches. It has

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Speaker 1: mostly been applied to large Wall Street banks since its

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Speaker 1: introduction more than a decade ago. President Biden was in Lewiston,

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Speaker 1: Maine on Friday, where eighteen people were killed last month

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Speaker 1: in the deadliest mass shooting in that state's history. He

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Speaker 1: and the First Lady are meeting with victims, families, and

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Speaker 1: first responders, and he says it's time to use common

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Speaker 1: sense regarding gun.

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Speaker 3: Reasonable responsible measures to protect our children, our families, our communities,

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Speaker 3: because regardless of our politics, this is about protecting our

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Speaker 3: freedom to go to a bowling alley a restaurant.

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Speaker 1: The Supreme Court is adding a second gun rights case

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Speaker 1: to its current term. The first to be argued next

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Speaker 1: week is over a federal gun ownership ban for people

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Speaker 1: under domestic violence restraining orders. The latest case challenges a

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Speaker 1: Trump administration ban on bump stocks that followed the twenty

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Speaker 1: seventeen Las Vegas massacre. Bump stocks attached to semi automatic rifles,

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Speaker 1: allowing them to be fired like machine guns. The New

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Speaker 1: York judge presiding over former President Trump's civil fraud trial

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Speaker 1: has ordered the former president's lawyers to stop referring to

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Speaker 1: his law clerk and other staffers. He cited a flood

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Speaker 1: of threatening and harassing emails and voicemails to his chambers

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Speaker 1: in recent weeks. The judge expanded in earlier gag order

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Speaker 1: to include lawyers representing the former president and his sons,

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Speaker 1: Donald Trump Junior and Eric Trump after the attorney's made

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Speaker 1: repeated inappropriate remarks about the clerk in open court. Sentencing

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Speaker 1: has been set for March for Sam Bankman, freed, founder

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Speaker 1: of the FTX cryptocurrency exchange. He was found guilty this

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Speaker 1: week of fraud in connection with FTX collapse. He faces

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Speaker 1: decades in prison. A Silicon Valley group says it has

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Speaker 1: acquired all of the land it needs to build a

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Speaker 1: utopian city in northern California. Flannery Associates owns over fifty

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Speaker 1: three thousand acres on which it plans to create a walkable,

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Speaker 1: green community that it says will generate thousands of jobs.

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Speaker 1: And that's news when you want it. With Bloomberg News Now,

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Speaker 1: I'm Larry Kofski. This is Goombleg