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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today, Karen.

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Speaker 2: Today marks one year since Hamas launched an unprecedented attack

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Speaker 2: on Israel, killing twelve hundred people and taking hundreds more

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Speaker 2: as hostages. Israel's subsequent military offensive in the Gaza Strip

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Speaker 2: has resulted in more than forty one thousand deaths. That's

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Speaker 2: according to the local health ministry. We get more from

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Speaker 2: Bloomberg News Israel Bureau Chief Ethan Brunner.

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Speaker 3: A year ago, Hamas, in a surprise and rather a

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Speaker 3: very brutal attack in southern Israel, sought to bring a

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Speaker 3: kind of regional war on Israel. And while it didn't

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Speaker 3: happen right away, if we look at where we are today,

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Speaker 3: with Israeli soldiers in Lebanon, with Israeli airplanes headed constantly

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Speaker 3: to Syria, Iraq and also to Yemen, and of course

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Speaker 3: with a rec situted Homas to some extent in northern Gaza,

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Speaker 3: which shot rockets at Israel. Today we are a little

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Speaker 3: closer than one might want to their vision of a

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Speaker 3: regional war with Israel.

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Speaker 2: Bloomberg's Ethan Brunner in Tel Aviv says Israel is still

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Speaker 2: weighing how to respond to Iran, which launched a salvo

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Speaker 2: of almost two hundred ballistic missiles at the Jewish state

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Speaker 2: last week.

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Speaker 1: Well Nathan is Israel is locked in a multi front conflict.

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Speaker 1: Vice President Kamala Harris says she won't stop pressuring Israel

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Speaker 1: to end its military campaign in the Middle East. Harris

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Speaker 1: spoke to CBS's Sixty Minutes.

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Speaker 4: The work that we do diplomatically with the leadership of

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Speaker 4: Israel is an ongoing pursuit around making clear our principles,

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Speaker 4: which include the need for humanitarian aid, the need for

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Speaker 4: this war to end, the need for a deal to

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Speaker 4: be done which would release the hostages and create a ceasefire.

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Speaker 1: Has interview with sixty Minutes. Heirs tonight and a reminder

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Speaker 1: you can catch the CBS program every Sunday night on

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Speaker 1: Bloomberg ninety nine to one. In Washington.

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Speaker 2: Meantime, Karen, both presidential candidates plan to recognize the one

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Speaker 2: year mark of the Hamas attack. Harris will plant a

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Speaker 2: pomegranate tree on the grounds of her official residence in

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Speaker 2: Washington and memory of those killed, and Donald Trump will

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Speaker 2: attend a memorial service with Jewish community leaders at one

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Speaker 2: of his hotels in Miami.

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Speaker 1: Well Nathan. Vice President Harris's sixty minutes interview is part

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Speaker 1: of a media blitz with less than thirty days until

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Speaker 1: the election. She talked about abortion rights, Andy Call Her

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Speaker 1: Daddy Podcast, and she'll be in New York tomorrow for

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Speaker 1: appearances on ABC's The View, The Howard Sterns Show, and

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Speaker 1: CBS's Late Show is Stephen Colbert. Meanwhile, former President Trump

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Speaker 1: is hitting the battleground states. He was in Wisconsin yesterday

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Speaker 1: for his fourth visit in eight days.

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Speaker 2: They say that Wisconsin is probably the toughest of the

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Speaker 2: swing states to win.

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Speaker 5: I don't think so at all.

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Speaker 1: And on set Saturday, the former president held the rally

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Speaker 1: in Butler, Pennsylvania, at the same site where a gunman

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Speaker 1: tried to take his life in July. He was joined

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Speaker 1: on stage by billionaire Elon Musk.

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Speaker 3: President Trump must win to preserve the Constitution.

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Speaker 6: He must win to preserve democracy in America.

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Speaker 1: Elon Musk publicly endorsed Trump after the July assassination attempt.

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Speaker 2: Turning back to markets, Karen, futures, as he said, are

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Speaker 2: lower as we begin a new trading week, earnings will

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Speaker 2: be in focus. We get results from big financials including

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Speaker 2: JP Morgan, Chase, Wells Fargo, and Blackrock. We get a

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Speaker 2: preview now from Bloomberg's Charlie Pellett.

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Speaker 7: All three report Friday. Bloomberg Intelligence says their net interest

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Speaker 7: income outlook and capital markets revenue will be in focus

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Speaker 7: following September's fed raycut. JP Morgan's top line is seen

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Speaker 7: robust on higher trading revenue and investment banking fees, though

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Speaker 7: the bank whos said analysts are too optimistic about its

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Speaker 7: twenty twenty five interest income prospects. Wells far Go likely

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Speaker 7: suffer the biggest net interest income decline among its peers,

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Speaker 7: and estimate show black Rocks assets under management grew twenty

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Speaker 7: one percent, the largest quarterly gained since twenty twenty one.

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Speaker 7: In New York. Charlie Pelldal Bloomberg.

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Speaker 1: Radio, all right, Charlie, thank you well. Last week's blowout

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Speaker 1: jobs report is still being felt on Wall Street. The

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Speaker 1: yield and the ten year treasury is back at four

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Speaker 1: percent for the first time since August, and Goldman's SAX

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Speaker 1: economists say the probability for a recession over the next

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Speaker 1: year is back at the long term average of fifteen percent.

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Speaker 1: In early August, Goldman increased the chance of a downturn

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Speaker 1: to twenty five percent from fifteen percent, before pairing the

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Speaker 1: call to twenty percent in the middle of that month.

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Speaker 2: Watching shares of Pfizer in the pre market careen, they're

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Speaker 2: hired by about two percent. Activist investors Starboard values taking

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Speaker 2: a stake in the drugmaker. We get more from Bloomberg's

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Speaker 2: Doug Prisoner.

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Speaker 8: We're told the steak is worth about a billion dollars

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Speaker 8: and the aim is to spur a turnaround of the

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Speaker 8: pharmaceutical giant. Starboard has also approached former Pfiser executi its

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Speaker 8: Ian Reid and Frank Demelio to help in its efforts,

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Speaker 8: and we are told they have expressed interest. Starboards exact

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Speaker 8: plans and engagement with Pfizer aren't clear at this time.

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Speaker 8: The activist has found that investors and research analysts are

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Speaker 8: frustrated by pfizer sustained struggles since the pandemic in New York.

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Speaker 8: I'm Doug Prisner, Bloomberg Radio.

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Speaker 1: All Right, Doug, thank you well Boeing and his machinists union.

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Speaker 1: We'll take a stab at negotiations as the strike against

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Speaker 1: the plane maker enters its fourth week, and Bloomberg's John

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Speaker 1: Tucker is following that story for us, John, where do

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Speaker 1: the things stand this morning?

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Speaker 9: Well, Karen, a federal mediator has been summoned, summoning negotiators

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Speaker 9: for Boeing in the machinist union back to a Seattle

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Speaker 9: hotel today. It's the first inkling movement toward a compromise

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Speaker 9: that might yield a third contract offer Bowing's last unsuccessful

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Speaker 9: overture that included a thirty percent general wage increase. Since

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Speaker 9: the last direct meeting on September twenty seventh, there's been

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Speaker 9: little direct contact between the two sides, and the pressure

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Speaker 9: is growing. Each day of the strike costs Boeing and

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Speaker 9: estimated one hundred million dollars in lost sales. Last week,

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Speaker 9: workers lost access to company backed healthcare benefits. A Boeing

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Speaker 9: tactic intended to quickly snuff out the strike backfired a

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Speaker 9: couple of weeks ago. That's when of the company bypassed

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Speaker 9: collective marketing and presented a thirty percent pay raise directly

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Speaker 9: to the workers in New York. I'm John Tucker, Bloomberg Radio.

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Speaker 1: It's time now for a look at some of the

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Speaker 1: other stories making news in New York and around the world,

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Speaker 1: and for that we're joined by Bloomberg's Michael Barr. Michael,

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Speaker 1: Good Morning, Good.

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Speaker 10: Morning, Karen. Florida is gearing up for a massive evacuation

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Speaker 10: as Hurricane Milton strengthens over warm waters in the Gulf.

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Speaker 10: The exodus jam freeways and led to hours long lines

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Speaker 10: at gas stations. Milton is expected to hit by midweek.

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Speaker 10: The state is still cleaning up from Hurricane Helene. Governor

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Speaker 10: Round dessentis, I've.

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Speaker 6: Also directed state personnel on assets to work around the

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Speaker 6: clock to assist local entities as they continue clean up

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Speaker 6: and dispose of debris from Hurricane Helene.

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Speaker 10: Bloomberg Meeting religist Rob Carolyn has more about Milton.

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Speaker 11: Hurricane Milton continues to develop in the southwestern portion of

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Speaker 11: the Gulf of Mexico, and it's likely to become a

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Speaker 11: major hurricane leader today. A best estimate right now on

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Speaker 11: landfall is sometime on Wednesday near the Tampa Bay area,

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Speaker 11: and it likely is going to develop into a pretty

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Speaker 11: significant storm event for Tampa. We could see a hurricane

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Speaker 11: going inland on Wednesday. With Wednesday excess of one hundred

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Speaker 11: and twenty five miles an hour and another very significant

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Speaker 11: storm surge. We're keeping a very close watching this system

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Speaker 11: over the next forty eight hours, and any folks along

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Speaker 11: the west coast of Florida should be paying attention. I'm

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Speaker 11: Rob Carolyn Bloomberg Radio.

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Speaker 10: Meanwhile, the death toll from Hurricane Aleene is more than

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Speaker 10: two hundred and thirty across six states. It is the

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Speaker 10: first Monday in October, and that means the nation's High

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Speaker 10: Court is back in session. The Supreme Court justices returned

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Speaker 10: to the bench to hear a new slate of cases

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Speaker 10: that tackle everything from transgender case, so called ghost guns,

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Speaker 10: and even adult themed websites. Six hundred workers from two

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Speaker 10: Hilton hotels in Boston walked off the job Sunday morning

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Speaker 10: after being unable to agree on a new contract with

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Speaker 10: the hotels. The workers are seeking wage increases and improved pensions.

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Speaker 10: Carlos Aramaio, president of unite here Local twenty six, the

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Speaker 10: union representing the workers.

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Speaker 12: While we have made some progress over the course of

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Speaker 12: the last month, as we've been engaged in those short term,

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Speaker 12: those waves of short term strikes, it's really been baby steps,

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Speaker 12: not the strides we need to get to an agreement.

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Speaker 10: Union president Carlos Aramaio says, the striking workers are from

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Speaker 10: the Hilton Boston Logan and the Hilton Boston Park Plaza.

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Speaker 10: Global News twenty four hours a day and whenever you

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Speaker 10: want it with Bloomberg News Now. Michael Bahr, this is Bloomberg. Karen.

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Speaker 1: All right, Michael Barr, thank you. It is time now

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Speaker 1: for the Bloomberg A sports update brought to you by

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Speaker 1: try stayed OUTI and here's John Stashower. John, good morning,

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Speaker 1: Good morning Karen.

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Speaker 13: That Mets have finally come home after two weeks on

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Speaker 13: the road. Eleven games the last six of the regular season,

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Speaker 13: the first five of the postseason. They were in three cities,

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Speaker 13: went to two of them twice and then Philadelphia where

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Speaker 13: there was more Mets ninth inning drama, one out game,

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Speaker 13: tying two and on over by Mark Bientos who had

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Speaker 13: three hits, two homers, four RBIs with the Fils then

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Speaker 13: came up bottom of the night and.

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Speaker 3: One at second, two down, one two pitch to Castanos Hlafield,

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Speaker 3: He's a hello, fellers, cut ties of sellers, crack to tweeds.

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Speaker 7: On a piece Testanta.

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Speaker 10: Stay, Hello sports.

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Speaker 13: The call Phillies the seven to six win. Game three tomorrow,

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Speaker 13: five o'clock start at City Field. The Padres beat the

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Speaker 13: Dodgers ten to two in LA. That series also tied

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Speaker 13: at one. Alds. Game two tonight at the Stadium, Yankees

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Speaker 13: look to go up two nothing on the Royals.

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Speaker 9: The Giants in Seattle.

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Speaker 13: They had a fifteen play drive after the one yard line,

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Speaker 13: then fumbled and the Seahawks began the scoring with a

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Speaker 13: one hundred and two yard fumble return. That was the

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Speaker 13: only time the Giants trailed. They won twenty nine to

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Speaker 13: twenty and looked like Seattle was going to kick a

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Speaker 13: game time field goal the minute left. It was blocked

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Speaker 13: and returned for a Giants touchdown. Jets in London trailed

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Speaker 13: the unbeaten Vikings seventeen to nothing. Aaron Rodgers two first

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Speaker 13: quarter interceptions for the first time in his career, one

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Speaker 13: of them a sixty three yard pick six, and then

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Speaker 13: in the final minute a third Rogers interception at the

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Speaker 13: Minnesota nine yard line. Vikings won twenty three to seventeen.

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Speaker 13: Fourth rad loss for the Patriots, beaten by Miami fifteen

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Speaker 13: to ten. Fourth straight winning for the Commanders thirty four

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Speaker 13: to thirteen over Cleveland last night in Pittsburgh an hour

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Speaker 13: and a half weather delay, and then Dallas won twenty

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Speaker 13: to seventeen on the touchdown with twenty seconds left the liberty.

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Speaker 13: Going to the WNBA Finals, they won seventy six sixty

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Speaker 13: two in Las Vegas, dethroning the two time chance. They'll

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Speaker 13: play either Minnesota or Connecticut in the final. That series

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Speaker 13: tied at two. John Stansheneward, Bloomberg Sports Kerry Nathan.

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Speaker 5: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 5: and around the world on Bloomberg dot Com and the

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Speaker 5: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 5: Nathan Hager. On this October seventh, one year after the

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Speaker 5: deadly Hummas attack on southern Israel that's set off massive

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Speaker 5: war in Gaza. Now one year later, Israel is fighting

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Speaker 5: on multiple fronts and considering its response to Iran as

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Speaker 5: it faces even more attacks.

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Speaker 11: Today.

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Speaker 2: Joining us this morning from Tel Aviv is Ethan Bronner,

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Speaker 2: Israel bureau chief for Bloomberg News. Ethan, good morning, I

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Speaker 2: understand it already has been a tense morning. Where you sit,

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Speaker 2: can you get us caught up on what's been unfolding

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Speaker 2: over the last several hours.

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Speaker 3: Sure thing, Nathan. So this day has been set aside

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Speaker 3: as you can imagine, by Israeli officials and the families

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Speaker 3: of hostages and all sorts of organizations as a day

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Speaker 3: of morning and commemoration, and an hour or two ago,

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Speaker 3: Hamas and Hanunis and the southern central part of Gaza

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Speaker 3: Strip we're able to, despite a year of war against them,

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Speaker 3: send off a bunch of long range missiles to hit

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Speaker 3: Tel Aviv. I mean, they were of course stopped by

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Speaker 3: the iron dome system, but we were all rushed into

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Speaker 3: a bomb shelter, something that hasn't happened in months. So

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Speaker 3: it's certainly an indication that despite the endless war against them,

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Speaker 3: they have been able to at least reconstitute themselves in

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Speaker 3: enough ways that they could symbolically stick it in the

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Speaker 3: eye of Israel today.

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Speaker 2: Well, what does this tell us, Ethan about Hamas's ability

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Speaker 2: to reconstitute itself potentially despite as you say, this relentless

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Speaker 2: assault that we've seen along the up and down the

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Speaker 2: Gaza Strip over the last twelve months.

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Speaker 3: Yes, look, it's a very difficult question. I mean it's

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Speaker 3: the right question, and it's very hard to know the answer.

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Speaker 3: I will say that it has been many months since

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Speaker 3: Hamas has been able to fire that kind of missile here,

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Speaker 3: and until a year ago they could have done it

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Speaker 3: at will. So and from what we can tell, there

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Speaker 3: are fifteen to eighteen thousand dead Ramas fighters out of

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Speaker 3: about thirty five thousand who signed up at first. Obviously

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Speaker 3: they can pick up younger people and keep going. You know,

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Speaker 3: it's a very difficult question. What has happened in the

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Speaker 3: last couple of days. Is Israel said that in the

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Speaker 3: Jabali refugee camp area just around the Gaza City, just

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Speaker 3: north of Gaza City, there had been a reconstitution of

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Speaker 3: various Ramas fighters and therefore they were going into that

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Speaker 3: area intensively and telling people to move south to an

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Speaker 3: expanded humanitarian area. It's just really hard to tell, but

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Speaker 3: there's no question that they've built themselves a very very

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Speaker 3: comprehensive military infrastructure that Israel has not easily torn apart yet.

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Speaker 2: Now I have to thank Ethan that this puts even

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Speaker 2: more of a focus on how Israel could respond to

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Speaker 2: not just Hamases but hes Bolla's main sponsor in the

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Speaker 2: region Iran after that ballistic missile barrage last week.

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Speaker 3: Yes, of course that's the big issue here, which is

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Speaker 3: that there were these two hundred missiles that hit Israel

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Speaker 3: last Tuesday, I think it was, and Israel has vowed

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Speaker 3: it's going to hit back, and it will, but it's

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Speaker 3: been a negotiation with the US about it, and I

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Speaker 3: think that they've had a little trouble deciding what exactly

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Speaker 3: they're going to do. They wanted, apparently to go after

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Speaker 3: oil sites, and the Americans persuaded them not to. I

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Speaker 3: think that the Defense Minister Jov Gallant is headed to

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Speaker 3: America and the next day or so for consultations. So yes,

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Speaker 3: I mean there's an enormous amount of attention on it.

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Speaker 3: A lot of people assume that what they'll do is

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Speaker 3: go after revolutionary Guard sites in Iran, and I'm not

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Speaker 3: sure why they haven't just settled on that, but they

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Speaker 3: do want to make some kind of a dramat and

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Speaker 3: of course a lot of drama can lead to another

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Speaker 3: retaliation and the eternal fear, which is an actual regional war.

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Speaker 2: And it raises the question that I would imagine is

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Speaker 2: as difficult as it's ever been to answer. Ethan, which

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Speaker 2: is in our last thirty seconds. Unfortunately, where do you

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Speaker 2: see this ending?

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Speaker 3: I don't see. Look, maybe it's just wishful thinking on

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Speaker 3: my part because I live here right now, but I

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Speaker 3: don't think we're going to have an explosion of war

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Speaker 3: right now. I think we're going to stay in this

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Speaker 3: gray area of back and forth of Israeli soldiers going

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Speaker 3: into Lebanon, Israeli air force taking off further UTIs in

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Speaker 3: Yemen and in Iraq and against Iran, and no clear

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Speaker 3: resolution for the next year or two. That's my instinct,

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Speaker 3: but we have plenty of times to talk about it

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Speaker 3: as we go forward.

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Speaker 10: Dabray