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

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Speaker 1: Dan Schwartzman. Israel continues to bond the gazer stroop of

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Speaker 1: air strikes as one week has now passed in Hamas's

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Speaker 1: deadly attack into the country. The Israeli Army says it's

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Speaker 1: preparing for significant ground operations, which will be an integrated

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Speaker 1: and coordinated attack from the air, sea, and land. Israel

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Speaker 1: has urged Gaza residents to flee south as it looks

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Speaker 1: to clear civilians from the possible battlefield. Hamas now claims

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Speaker 1: that nine more hostages, including four foreigners, were killed in

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Speaker 1: Israeli bombing raids, raising the total to twenty six. So far,

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Speaker 1: more than nineteen hundred Palestinians have been reportedly killed in

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Speaker 1: the air strikes. The US now says that twenty nine

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Speaker 1: citizens were killed, with another fifteen missing, along with a

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Speaker 1: lawful permanent resident during Hamas's attack. President Biden speaking with

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Speaker 1: Israeli Prime Minister Benjamin Netanyahu for the fifth time since

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Speaker 1: the attack, updating the US's military support for the country.

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Speaker 1: Biden also spoke at Palestinian Authority President Mahammad Abas, offering

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Speaker 1: the authority his full support on efforts to provide humanitarian aid. Also,

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Speaker 1: for the first time, the head of Israel's Shinbet, the

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Speaker 1: country's internal security service, admitted that intelligence indicated two hours

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Speaker 1: prior to the attack that something was happening in Gaza.

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Speaker 1: After speaking with the military, both sides assessed incorrectly what

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Speaker 1: was going on. Israeli troops also exchanged fire today with

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Speaker 1: Hezbollah on the Lebanese border. Secretary of State Anthony Blinkin

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Speaker 1: is urging China to use its influence to help limit

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Speaker 1: the Israel Hamas conflict. More on that part of this

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Speaker 1: story from Bloomberg's Denise Pellegrini.

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Speaker 2: Blincn is urging Beijing to help prevent other state or

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Speaker 2: non state actors from attacking Israel and widening its war

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Speaker 2: with Hamas, State Department says. Secretary of State had a

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Speaker 2: long conversation with Foreign Minister Wang Yi before departing from Riad.

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Speaker 2: The two spoke for an hour, and it was their

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Speaker 2: first call since the Hamas attacks on Israel a week ago.

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Speaker 2: The US has been particularly concerned about Hezbollah, the Iran

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Speaker 2: back militia group in Lebanon, opening an additional front in

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Speaker 2: the war on Israel's northern border. China has close relations

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Speaker 2: with Irun and assisted Tehran in brokering a landmark diplomatic

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Speaker 2: deton with Saudi Arabia earlier this year. Denise Pellegrine Bloomberg Radio.

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Speaker 1: Thanks Tony Secretary Blincoln was in riat Saudi Arabia. Stanford

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Speaker 1: University has suspended a non faculty instructor for allegedly targeting

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Speaker 1: students for their identities amid the Israel Hamas war. Reports

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Speaker 1: say the instructors singled out individual students based on their

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Speaker 1: Jewish backgrounds, calling them colonizers while minimizing the Holocaust. Stanford

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Speaker 1: says it's working to quote ascertain the facts of the situation.

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Speaker 1: Speaking to Stanford, the university's forty point nine billion dollar

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Speaker 1: investment fund returned four point four percent during the twelve

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Speaker 1: months ending June thirtieth. That story from Bloomberg's Charlie Pellett.

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Speaker 3: That top's results at other elite colleges despite headwinds from

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Speaker 3: venture capital and private equity. The performance of the fund,

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Speaker 3: which includes Stanford's endowment of more than thirty six billion dollars,

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Speaker 3: outpaced returns of less than two percent at Yale and

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Speaker 3: the University of Pennsylvania during the period. The Massachusetts Institute

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Speaker 3: of Technology posted a loss due in part to declining

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Speaker 3: values in venture capital investments, a trend that also weighed

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Speaker 3: on Stamford. Charlie Pellett Bloomberg.

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Speaker 1: Radio, Thanks Charlie. Federal Reserve officials are set to hold

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Speaker 1: rates steady at their next meeting, schedule for October thirty one,

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Speaker 1: November first, as a run up in bond yields has

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Speaker 1: led to a tightening of financial conditions. The Federal Open

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Speaker 1: Market Committee, though did not signal that rate hikes are

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Speaker 1: off the table, as data on the labor market and

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Speaker 1: inflation shows that the economy is still steadily moving along.

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Speaker 1: Luxury sports car maker Ferrari has begun to allow US

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Speaker 1: customers to pay for their vehicles in cryptocurrency, with the

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Speaker 1: idea to expand the practice to Europe by the first

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Speaker 1: quarter of next year. The company is using bit pay

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Speaker 1: as its crypto payment processor here in the US and

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Speaker 1: allows transactions using Bitcoin, Ether, and USDC without fees or surcharges.

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Speaker 1: The automaker will also be extending the service to other

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Speaker 1: regions where cryptocurrency is legally accepted. The Katari investment firm,

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Speaker 1: led by Sheik Jasim Binhamat Altani has withdrawn its bid

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Speaker 1: from Manchester United, clearing the way for British billionaire surgeon

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Speaker 1: Racliffe to gain control of the storied football club. The

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Speaker 1: Katari's bid was for more than five billion pounds for

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Speaker 1: the entire club, which did not satisfy the current owners,

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Speaker 1: the Glazer family. Reports say that Ratcliffe could make an

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Speaker 1: offer that would give him an initial twenty five percent

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Speaker 1: stake in the club while allowing some Glazer family members

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Speaker 1: to remain invested, which will most likely infuriate a fan

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Speaker 1: base that has blamed the Glaziers for the club's lack

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Speaker 1: of success in recent years. That's news when you want

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Speaker 1: it with Bloomberg News. Now, I'm Dan Schwartzman, and this

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Speaker 1: is Bloomberg