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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

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Speaker 2: stories we're following today. We begin with the latest on

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Speaker 2: the war.

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Speaker 3: Israel's military says its ground forces have now encircled Gaza

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Speaker 3: City and taken control of a Hamas base. We get

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Speaker 3: more from Bloomberg's Paul Wallace.

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Speaker 4: They stepped up their assault overnight and they've now encircled

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Speaker 4: Gaza City, which the Israeli military has described as the

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Speaker 4: center of gravity for Hamas's operations. They also say they've

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Speaker 4: effectively cut the Gaza Strip in two now between the north,

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Speaker 4: where they're focusing their military activities, and the south, where

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Speaker 4: they're hoping, since the side of this conflict, for civilians

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Speaker 4: to evacuate too.

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Speaker 3: And Bloomberg's Paul Wallace reports Israel also says a humanitarian

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Speaker 3: corridor for Gaza City area residents to move south remains

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Speaker 3: open well.

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Speaker 2: Nathan diplomatic efforts to stop the fight and continue. Secretary

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Speaker 2: of State Anthony BLNCLN is now in Turkey after an

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Speaker 2: unscheduled stop in Baghdad. Blincoln says more needs to be

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Speaker 2: done to get aid and to go.

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Speaker 5: We have about one hundred trucks a day going in.

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Speaker 5: That's good, but it's grossly insufficient. So now we're working

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Speaker 5: on raising that significantly so that more aid in a

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Speaker 5: sustained way gets into Palestine who needed.

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Speaker 2: And Secretary of State Blincoln also met with Palestinian Authority

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Speaker 2: President Mahmuda Boss in the West Bank on Sunday, and.

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Speaker 3: Karen is Israeli bombardments continue. Senior US senators are raising

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Speaker 3: growing alarm about civilian casualties. Independent Vermont Senator Bernie Sanders

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Speaker 3: says Israel needs to stop the bombing.

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Speaker 6: Now, you had six hundred over six hundred thousand people

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Speaker 6: pushed out.

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Speaker 7: Of their homes.

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Speaker 6: Where are they going? They're staying in the United Nations

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Speaker 6: facilities overcrowded. This un enough water does un enough food,

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Speaker 6: This un enough medicine, not enough fuel. You got a

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Speaker 6: humanitarian disaster.

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Speaker 3: Senator Sanders spoke on CNN's State of the Union. White

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Speaker 3: House Deputy National Security Advisor John Finer says he shares

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Speaker 3: that concern, but Israel needs to address the threat from Hamas.

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Speaker 8: Not only does that threat continue to exist, but you

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Speaker 8: can to see Hamas say that if given the opportunity,

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Speaker 8: they would conduct a version of what they did on

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Speaker 8: October seventh, again, so the threat has not been eliminated.

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Speaker 3: Deputy National Security Advisor John Finer was a guest on

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Speaker 3: CBS has Faced the Nation, which you can hear every Sunday.

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Speaker 3: We're on Bloomberg Radio.

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Speaker 2: Well, Nathan, we now turned to the civil fraud trial

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Speaker 2: of Donald Trump. The former president is scheduled to take

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Speaker 2: the stand today. On bloom Bloomberg's Ed Baxter has the story.

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Speaker 9: Donald Trump has made a living touting his worth and

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Speaker 9: business acumen, and today prosecutors will directly question him an

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Speaker 9: open court about what the judge has already ruled their

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Speaker 9: inflated values. His son Eric says his dad is very

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Speaker 9: fired up. He's already been fined fifteen thousand dollars and

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Speaker 9: two fines for violating a gag order, and the past

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Speaker 9: is called the judge unhinged Trump hating radical left democratic operative.

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Speaker 9: In deposition, he called it the greatest witch hunt in

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Speaker 9: the history of the country and called Attorney General Letitia

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Speaker 9: James an out of control prosecutor. Ed Baxter Bloomberg, all right,

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Speaker 9: and thank you.

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Speaker 3: In geopolitics, Treasury Secretary Janet Yellen and her Chinese counterpart

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Speaker 3: will hold two days of talks in San Francisco this week.

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Speaker 3: It's a step toward more normal ties ahead of a

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Speaker 3: long anticipated meeting between the leaders of the world's two

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Speaker 3: largest economies, Yellen and Chinese Vice Premier Holy Fang, the

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Speaker 3: nation's top economic official, will meet Thursday and Friday.

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Speaker 2: Turning to the markets, now, Nathan. A record for Warren

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Speaker 2: Abuffett is Berkshire Hathaway's cash pile, reaching more than one

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Speaker 2: hundred and fifty seven billion dollars. It was fueled by

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Speaker 2: elevated interest rates and a lack of meaningful deals. Begin

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Speaker 2: more from Bloomberg's Charlie Wells, this feels a little bit

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Speaker 2: like a good and a bad problem.

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Speaker 10: So sort of going, say, as a regular person to

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Speaker 10: the store, having a lot of cash and not knowing

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Speaker 10: what to do with it because you just don't see

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Speaker 10: anything to buy. That is sort of a problem written

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Speaker 10: large for Berkshire Hathaway right now, where a lot of

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Speaker 10: the money that they do have is you know, parked

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Speaker 10: in short data treasuries. They have been really feeling the

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Speaker 10: benefit of the yields there. But for this company that

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Speaker 10: is known for making smart laws, long term investments for

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Speaker 10: acquiring companies that Buffett really believes in. This just seems

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Speaker 10: to indicate there's not a lot of value out there

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Speaker 10: right now.

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Speaker 2: It's Bloomberg Financial reporter Charlie Wells who says Berkshire reported

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Speaker 2: operating earnings of more than ten and three quarter billion

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Speaker 2: dollars in the quarter.

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Speaker 3: And meantime, Karen wall Street's looking for another busy week

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Speaker 3: for earnings, and we get a preview that from Bloomberg's

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Speaker 3: Charlie Pellett.

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Speaker 11: Just over four hundred members of the S and P

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Speaker 11: five hundred index have reported so far, and many US

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Speaker 11: companies have been putting on a better than an expected

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Speaker 11: show for their third quarter results, boosting investor confidence. Nattie

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Speaker 11: lovell Is, senior US Equity Strategistic, UBS Financial Services, the early.

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Speaker 12: Season is coming in better than expected, and so we

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Speaker 12: think that the outlook continues to improve.

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Speaker 11: Among some of the names reporting this week, the Walt

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Speaker 11: Disney Company, Armholdings, Biogen, Devin Energy, d R, Horton, Ubs,

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Speaker 11: and Uber in New York. Charlie Pellett Bloomberg Radio.

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Speaker 2: All right, Charlie, thanks, We'll be turned to the onomy now.

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Speaker 2: At Atlanta, FED President Rafael Bostik has said policymakers can

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Speaker 2: be patient when it comes to interest rate moves.

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Speaker 13: Today, my outlook is that we're going to stay on

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Speaker 13: that slow and steady and if we continue to do that,

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Speaker 13: then I think where we are now will be sufficiently

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Speaker 13: restrictive to get us to the two percent level for inflation.

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Speaker 13: But there's still a lot that's going to happen between

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Speaker 13: now and even the next meeting.

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Speaker 2: Helena FED President Rafael Bostik made the comments in an

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Speaker 2: interview with Bloomberg. So Michael McKee and catch the entire

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Speaker 2: interview on the Bloomberg Talks podcast and Karen.

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Speaker 3: Elon Musk has revealed his own artificial intelligence bought to

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Speaker 3: challenge chat GPT. It's called groc and it is the

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Speaker 3: first product from Musk's Xai company. It is now in

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Speaker 3: testing with a limited group of US users. Earlier this year,

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Speaker 3: Elon Musk was among signatories of a petition calling for

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Speaker 3: a pause in advancing AI models in order to allow

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Speaker 3: for the development of shared safety protocols.

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Speaker 2: Time now for a look at some of the other

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Speaker 2: stories making news around the world. For that, we're joined

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Speaker 2: by Bloomberg's John Tucker, John good Morning.

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Speaker 14: And Karen the Biden Administration providing sixteen point four billion

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Speaker 14: dollars for rail infrastructure projects along m track's busy Northeast quarter.

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Speaker 14: Let's get more in this report from Washington and Bloomberg

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Speaker 14: Steed Podisc.

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Speaker 15: The new funding includes three point eight billion dollars for

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Speaker 15: the Gateway Hudson River Tunnel, which officially began construction Friday.

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Speaker 15: It will benefit twenty five passenger rail projects overall. The

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Speaker 15: money will help to rebuild tunnels and bridges, upgrade tracks,

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Speaker 15: station power systems and signals, and advance projects to increase

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Speaker 15: operating speeds. The Northeast Corridor, stretching from Boston to Washington,

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Speaker 15: is the most heavily traveled rail corridor in the country,

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Speaker 15: supporting eight hundred thousand trips per day in a region

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Speaker 15: that represents twenty percent of the US economy. Some projects

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Speaker 15: will be finished within the next few years. Steve Potisk,

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Speaker 15: Bloomberg Radio.

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Speaker 14: Federal health officials are expanding in investigation in the potentially

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Speaker 14: lead tainted pouches of Appo cinnamon fruit marketed for children.

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Speaker 14: The MDaaS received reports of seven illnesses in at least

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Speaker 14: five states. John Eastman says the only thing he could

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Speaker 14: be guilty of is giving bold legal advice to former

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Speaker 14: President Donald Trump. Eastman is one of the nineteen defendants

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Speaker 14: indicted on charges of election fraud and racketeering over alleged

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Speaker 14: efforts to overturn the results of the twenty to twenty

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Speaker 14: presidential election.

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Speaker 5: This is a bridge too far in our criminalization of

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Speaker 5: the law and our criminalization of our political opposition.

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Speaker 14: Eastman spoke on CBS's sixty Minutes. Iowa Governor Kim Reynolds

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Speaker 14: will endorse Florida Governor Ron de Santis for the Republican

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Speaker 14: presidential nomination at a rally in Des Moines today. An

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Speaker 14: endorsement by the pocket of governor would be a win

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Speaker 14: for Dessantis, who struggled to maintain early momentum Donald Trump

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Speaker 14: to right at Reynolds in Dessantis in a post on

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Speaker 14: his Truth social platform on Sunday, saying her endorsement of

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Speaker 14: his rival contender will be the end of her political career.

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Speaker 14: And Benjaminetye, who suspended a far right minister indefinitely from

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Speaker 14: his government after he claimed dropping a nuclear bomb on

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Speaker 14: Gaza was quote a possibility. Global News twenty four hours

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Speaker 14: a day, whenever you want it with Bloomberg News. Now,

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Speaker 14: I'm John Tucker. This is Bloomberg Karen.

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Speaker 2: All right, John, thank you. We bring you news throughout

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Speaker 2: the day right here on Bloomberg Radio. But now, as

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Speaker 2: John said, you can get the latest news on demand

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Speaker 2: whenever you want it. Subscribe to Bloomberg News Now to

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Speaker 2: get the latest headlines at the click of a button.

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Speaker 2: Get informed on your schedule. You can listen and subscribe

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Speaker 2: to Bloomberg News Now on the Bloomberg Business app, Bloomberg

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Speaker 2: dot com plus Apple, Spotify, and anywhere else you get

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Speaker 2: your podcasts. It is time now for the Bloomberg Sports Update.

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Speaker 2: Here's John stash Hour.

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Speaker 16: John.

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Speaker 12: Ye're in the NFL. Sunday began in Frankfurt, Germany, battle

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Speaker 12: of AFC Division leaders, and the Chiefs led the Dolphins

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Speaker 12: twenty one to up at a halftime, held on beating

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Speaker 12: Miami twenty one to fourteen. Kansas City seven and two

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Speaker 12: tied for the best record the AFC with Baltimore. The

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Speaker 12: Ravens fourth straight win was an easy one thirty seven

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Speaker 12: to three over Seattle. The night ended with Cincinnati stayin

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Speaker 12: hot a fourth straight win for the Bengals. They beat

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Speaker 12: the Bills twenty four to eighteen. Joe Burrow threw for

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Speaker 12: three hundred and forty eight yards and two touchdowns. Buffalo

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Speaker 12: had a chance to move into a tie for first

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Speaker 12: with Miami. Cincinnati remains a game behind Baltimore. The Commanders

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Speaker 12: first win at New England since nineteen ninety six. They

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Speaker 12: beat the Patriots twenty to seventeen. Sealed the win with

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Speaker 12: a late interception. The Patriots are two and seven. They

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Speaker 12: are one and four at home. Ce J Stroud put

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Speaker 12: on a performance in Houston. The rookie quarterback set a

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Speaker 12: record for most passing yards ever by an NFL rookie

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Speaker 12: QB four hundred and seventy yards. He threw for five

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Speaker 12: touchdowns and including the game winner with six seconds left.

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Speaker 12: Houston in a wild one, beat Tampa Bay thirty nine

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Speaker 12: to thirty seven. Minnesota is without its starting quarterback, Kirk Cousins.

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Speaker 12: They started a rookie, Jaron Hall, and then he went

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Speaker 12: out with a concussion, so they put in Joshua Dobbs,

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Speaker 12: who they acquired just this past two day, and he

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Speaker 12: threw a touchdown pass with twenty two seconds left. The

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Speaker 12: Vikings beat the Falcons thirty one to twenty eight. NFC

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Speaker 12: showdown in Philadelphia, the Eagles beat the Cowboys twenty eight

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Speaker 12: to twenty three. The Eagles are eight and one.

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Speaker 14: John Stash.

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Speaker 12: There were Bloomberg sports.

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Speaker 7: From coast to coast, from New York to San Francisco,

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Speaker 7: Boston to Washington, DC, nationwide on Syrias exam the Bloomberg

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Speaker 7: Business app in Bloomberg dot Com.

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Speaker 3: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Israel's

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Speaker 3: military now says it has Gaza City surrounded and a

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Speaker 3: Hamas base under its control as the ground defensive continues. That'

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Speaker 3: says Secretary of State Anthony Blincoln, wraps up another whirlwind

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Speaker 3: diplomatic trip to the Middle East to try to keep

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Speaker 3: the war from spreading. For the latest, we are joined

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Speaker 3: by Bloomberg Israel Economy and Government reporter Galite Alstein in

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Speaker 3: Tel Aviv, Ghalid, Good morning. First, could you update us

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Speaker 3: on all that's been happening on the ground since the weekend?

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Speaker 16: Yes, High Nathan, as I can so. As you mentioned,

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Speaker 16: the Israeli army is now encircling Gaza City and has

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Speaker 16: also cut the entire northern part of the Gaza Strip

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Speaker 16: from the southern part. Idea of spokesperson Daniel Hagari tells

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Speaker 16: us last night that essentially there is a northern Gaza

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Speaker 16: and a southern Gaza at this time. Last night, the

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Speaker 16: Israeli Army carried out a massive attack on Hama's infrastructure

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Speaker 16: that's below and above the ground, and the Ideas referred

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Speaker 16: to this as a significant operation during which internet and

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Speaker 16: telecom services have been disrupted in Gaza for the third

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Speaker 16: time since the fighting began. Israeli Army reports that they

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Speaker 16: have struck four hundred and fifty targets from the air

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Speaker 16: over the past day. Overnight, they have taken control of

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Speaker 16: the Hamas military compound. They also say that Jamal Mussa,

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Speaker 16: who was responsible for the special security operations of Hamas,

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Speaker 16: was struck and killed by Israeli fighter jets, and Hamas

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Speaker 16: battalion commanders were also killed in battles, and this was

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Speaker 16: on the ground.

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Speaker 3: With these kinds of advances that are being reported by

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Speaker 3: the Israeli military, there becomes the question about whether this

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Speaker 3: war can head into a new phase, perhaps a more

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Speaker 3: tactical phase. Is that the kind of thinking that's being

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Speaker 3: bandied about now in leadership circles in Israel right now.

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Speaker 16: Yeah, so we're not being told everything on the on

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Speaker 16: the ground maneuvers. So what we can say though, is

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Speaker 16: that right now the Israeli army is definitely concentrating on

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Speaker 16: a more precise operation in Gaza city. There right now,

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Speaker 16: I'm basically encircling the very center of the some city

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Speaker 16: and they're tackling what is over there, like I said above,

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Speaker 16: and beneath the ground. There's also very complex array of

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Speaker 16: tunnels that is underneath some Gaza city, and that is

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Speaker 16: a very hard operation to tackle these tunnels, to find

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Speaker 16: the piers, to block them, or to even go inside.

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Speaker 16: So that's I think the big challenge for the ground

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Speaker 16: forces at this time.

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Speaker 3: And along with the reports that Hamas leadership has been killed,

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Speaker 3: we are also hearing continuing reports of a mounting civilian

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Speaker 3: toll as well, and growing concern here in the United

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Speaker 3: States from the White House and Democratic lawmakers about that

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Speaker 3: what impact, if any, is that having on Israel's thinking.

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Speaker 16: So, you know, we were seeing first of all, I

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Speaker 16: think we should mention that the Palestinian death is now

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Speaker 16: said to be almost ten thousand, nine hundred, seven hundred

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Speaker 16: and seventy people that were killed in Gaza. And this

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Speaker 16: morning the idea of announce that it will once again

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Speaker 16: allow safe passage on one of the main roads in

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Speaker 16: Gaza for four straight hours and calling residents in North

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Speaker 16: Gaza to move south for their safety on the humanitarian aid.

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Speaker 16: So we have seen that grow slightly larger than over

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Speaker 16: the past town a few weeks. Yesterday seventy trucks that

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Speaker 16: were carrying international humanitarian aid were transferred to Gaza via

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Speaker 16: the Rafa crossing. We've also heard Jordan's King Abdallah the

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Speaker 16: second Stay that his nation air dropped urgent medical aid

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Speaker 16: to a Jordanian field hospital in Gaza City. So Israel

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Speaker 16: is allowing more and more humanitarian truck truck some trucks

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Speaker 16: carrying humanitarian aid to come into Gaza. Still no fuel

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Speaker 16: is allowed to go into the strip. Also, the Rafa

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Speaker 16: crossing has been shut down against after after it was

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Speaker 16: open for several days late last week for foreigners and

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Speaker 16: dual nationals or injured Palestinians to leave Gaza for the

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Speaker 16: first time since some fighting started. So now this crossing

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Speaker 16: is closed again for people. So the trucks are coming

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Speaker 16: in from for Egypt, but the people I'm not allowed

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Speaker 16: to leave Gaza. This is after the Israeli military claim

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Speaker 16: responsibility for Deadley attack on an ambulance near a hospital,

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Speaker 16: although Israel said it was carrying Hamas fighters and in

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Speaker 16: any case, this has brought Hamas to stop enabling people

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Speaker 16: to leave Gaza through the Rougher crossing.

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