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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning.

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Speaker 2: I'm Nathan Hager and I'm John Tucker. Here are these

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Speaker 2: stories we're following today.

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Speaker 1: John, we begin with the latest on the war in Israel.

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Speaker 1: President Biden is warning he will stop additional shipments of

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Speaker 1: offensive weapons to Israel if the country goes ahead with

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Speaker 1: the ground invasion of Rafa in southern Gaza. In an

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Speaker 1: interview with CNN, Biden highlighted the potential loss of civilian

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Speaker 1: life if Israel goes into the densely packed city.

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Speaker 3: If they're going to Rafa, I'm not supplying the weapons

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Speaker 3: that have been used historically to deal with Rafa, to

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Speaker 3: deal with the cities, to deal with that problem. We're

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Speaker 3: going to continue to make sure because you're less secure

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Speaker 3: in terms of Iron Dome and their ability to respond

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Speaker 3: to attacks like came out of you the least recently.

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Speaker 3: But it's just wrong.

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Speaker 2: President Biden's comments on CNN, coming after the US pause

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Speaker 2: delivery of about thirty five hundred bombs to Israel by

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Speaker 2: the decision meanwhile being criticized in both Israel as well

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Speaker 2: as Republican members of Congress. Kentucky Republican Andy Barr joined

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Speaker 2: Bloomberg Balance of Power and said this is unacceptable.

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Speaker 4: This is an affront to the relationship between our two countries.

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Speaker 4: The fact that this administration is rejecting an Act of

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Speaker 4: Congress and turning its back on our key ally in

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Speaker 4: the Middle East is obnoxious.

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Speaker 2: Republican Congressman Andy Barr of Kentucky. On the other side

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Speaker 2: of the Isisle, Georgia, Democrat Rafael Warnock also joined Bloomberg

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Speaker 2: Balance of Power, and the Senator said, we need to

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Speaker 2: do what it takes to end this conflict.

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Speaker 5: But I'm also very concerned about over thirty thousand Palestinian

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Speaker 5: lives that have been lost in this conflict, the majority

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Speaker 5: of them being women and children. So I'm hopeful that

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Speaker 5: at the end of the day, we will recognize that

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Speaker 5: the answer to death and the stry production is not

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Speaker 5: more death in destruction.

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Speaker 2: Democratic Senator Rafael Warnick Canada that Congress will be keeping

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Speaker 2: a close eye in the situation to hear the full

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Speaker 2: conversation with both Senator Warnock and Congress and Bar. Get

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Speaker 2: the Bloomberg Balance a Power podcast available wherever you get

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Speaker 2: your podcasts.

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Speaker 1: And staying in Washington. Democrats have helped halt a move

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Speaker 1: by hardline Republicans in Congress to oust the speaker, Bloomberg said,

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Speaker 1: Baxter has that story.

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Speaker 6: Marjorie Taylor Green did keep her promise to try and

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Speaker 6: bring it to the floor, but was defeated overwhelmingly three

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Speaker 6: hundred and fifty nine to forty three. Johnson responds back

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Speaker 6: to the real business at hand.

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Speaker 7: They made their voices heard on the motion of vacate matter,

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Speaker 7: and now we have very important work to do for.

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Speaker 6: The country, and says he hopes the tenor of the

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Speaker 6: Chamber will now change.

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Speaker 7: Hopefully this is the end of the personality politics and

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Speaker 7: the frivolous character assassination that has defined one hundred and

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Speaker 7: eighteenth Congress.

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Speaker 6: It does leave Green on a political island. Only eleven

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Speaker 6: members from her party stood with her at Baxter Bloomberg Radio.

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Speaker 2: Thanks said, and to the markets now. Stocks edged lower

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Speaker 2: before the jobless claims us out at eight thirty Wall

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Speaker 2: Street time. It comes with earning season winding down and

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Speaker 2: investors are waiting fresh data on a potential timing for

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Speaker 2: lower interest rates. Traders have digested Fed speak this week

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Speaker 2: on the potential path for rates, including yesterday that's when

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Speaker 2: Boston Fed President Susan Collins spoke at MIT.

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Speaker 8: I do remain optimistic that this can be accomplished in

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Speaker 8: a reasonable amount of time and with a labor market

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Speaker 8: that remains healthy. But there's a significant amount of uncertainty

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Speaker 8: around that outlook, and the recent data lead me to

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Speaker 8: believe that it's just going to take longer than previously thought.

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Speaker 2: Boston Fed President Susan Collins says the Fed remains focused

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Speaker 2: on bringing inflation back to its two percent target.

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Speaker 1: And those comments from Susan Collins john come ahead of

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Speaker 1: consumer price data coming next week and following the smallest

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Speaker 1: gain in six months for non farm payrolls last week.

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Speaker 1: Richard Clarina, former Vice chair of the FED and current

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Speaker 1: Global Economic advisor at PIMCO, says he still expects the

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Speaker 1: Fed to be patient and remain data dependent.

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Speaker 9: Since the beginning of the year, the inflation numbers have

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Speaker 9: been going in the wrong direction, and also especially I

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Speaker 9: think what's relevant here is an element of risk management,

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Speaker 9: so I think there is path dependence. The fact that

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Speaker 9: the last three years inflation has been well above target.

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Speaker 9: I think it makes it a harder call to cut preemptively.

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Speaker 1: Richard clarieda of PIMCO says if he were still fed

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Speaker 1: Vice chair he would not consider cutting rates right now.

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Speaker 2: And meanwhile in Europe, markets are points for a stronger

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Speaker 2: signal on when the Bank of England will cut interust rates.

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Speaker 2: With the Bank of England decision coming today. In Bloomberg's Ewon,

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Speaker 2: Potts joins us from London with the latest here on

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Speaker 2: good Morning.

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Speaker 10: Good morning John and Nathan. Inflation and growth forecast will

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Speaker 10: be key for the Bank of England today. The old

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Speaker 10: Lady of fred Neil Street almost certain to leave UK

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Speaker 10: rates on hold at five and a quarter percent, a

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Speaker 10: sixteen year high, but keeping out for changes in the

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Speaker 10: vote balance on the committee. Will the Dove find new

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Speaker 10: recruits for a right cut this month? A market will

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Speaker 10: also be Kaylee watching the governor's press conference for hints

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Speaker 10: on when the baby might finally start cutting in London,

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Speaker 10: I'm Unepotsplinberg Radio.

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Speaker 1: Okay you and thank you. Heading to Asia now in

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Speaker 1: a focus on Tesla, sources tell Bloomberg News the electric

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Speaker 1: vehicle giant is ramping up job cuts in China as

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Speaker 1: sales slow. The layoffs reportedly affect a range of departments,

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Speaker 1: including customer service, engineering, production line, and the logistics team.

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Speaker 1: At Tesla's Shanghai plant.

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Speaker 2: Elsewhere in Tact Bloomberg's reporting on the huge dilemma to Apple,

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Speaker 2: Who's going to succeed CEO Tim Cook? Bloomberg Chief Apple

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Speaker 2: correspondent Mark germatt As examined Cook's tenure and who could

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Speaker 2: follow him to lead the multi trillion dollar company. Grimman says,

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Speaker 2: they're a number of candidates who could fill that role

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Speaker 2: if Tim.

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Speaker 11: Cook would have stepped down in the very near future.

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Speaker 11: Look no further than Jeff Williams. He's Apple's chief operating officer.

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Speaker 11: That was the same role that Tim Cook held for

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Speaker 11: many years under Steve Jobs. The other part of it

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Speaker 11: is that he's only two years younger than Look, that's

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Speaker 11: a problem that leaves us with someone else. That's John Turnas,

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Speaker 11: the senior VP of hardware Engineering.

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Speaker 2: Bloomberg's Mark Germit says he strongly believes this the session

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Speaker 2: will happen internally and believes John Turnis is emerging as

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Speaker 2: Tim Cook's most likely successor.

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Speaker 1: And Elsewhere in company news, John shares in chip designer

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Speaker 1: ARM tumbled after a lukewarm forecast. Revenue for fiscal twenty

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Speaker 1: five is expected to be just shyve Analyst estimates of

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Speaker 1: four billion dollars. Kuon John Sabani of Bloomberg Intelligence says

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Speaker 1: it reflects a sector wide slowdown.

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Speaker 12: The driver for the mislike miss in the fiscal ear

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Speaker 12: guidance was coming really from two major areas. One is

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Speaker 12: networking and the other is the industrial IoT, which most

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Speaker 12: of the semiconductor companies exposed to this rcing weakness here,

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Speaker 12: So that's not companies specific, it's just that end market

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Speaker 12: is going through a cyclical bottom.

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Speaker 1: That's Bloomberg Semiconductor analyst kun John Sabani, he says. Armed

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Speaker 1: CEO renee Has says the company remains very confident in

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Speaker 1: its long term growth.

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Speaker 12: Yew.

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Speaker 2: That brings us to five o eight. We'll so you've

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Speaker 2: tend that for a look at some of the other

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Speaker 2: stories making news in New York and around the world.

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Speaker 2: In for that, we're joined by Bloomberg's Michael Barr Michael,

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Speaker 2: good morning.

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Speaker 13: Good morning John. Stormy Daniels will return to the witness

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Speaker 13: stand today in Donald Trump's criminal hush money trial. The

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Speaker 13: defense will try to undermine the credibility of the porn

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Speaker 13: actor's graphic testimony about an alleged sexual encounter and the

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Speaker 13: money she got to keep quiet. Daniel's account is central

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Speaker 13: to the prosecutor's case accusing Trump of scheming to illegally

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Speaker 13: influence the twenty sixteen presidential campaign by burying unflattering stories.

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Speaker 13: Trump denies they ever had sex. Tennessee has taken the

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Speaker 13: brunt of severe storms that spawned tornadoes over the last

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Speaker 13: two days. The storm det rumbled across northeastern Tennessee, knocked

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Speaker 13: down power lines and trees, and took the lives of

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Speaker 13: two people in the state. Spring Hill Mayor Jim Hennegeman

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Speaker 13: says that the team was ready to step in and

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Speaker 13: help neighboring towns in need.

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Speaker 14: We committed a lot of resources to this event here,

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Speaker 14: and I'm happy to say that it's just a wonderful

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Speaker 14: thing to see all of the mutual way that came

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Speaker 14: under one command, and everybody that could do everything right,

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Speaker 14: they did it right. We're still working to remove a

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Speaker 14: lot of debris that has occurred.

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Speaker 13: Another person was killed by tornadoes in North Carolina. Four

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Speaker 13: flight attendants are facing federal charges for allegedly smuggling drug

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Speaker 13: money while carrying out their jobs. They allegedly used what

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Speaker 13: are known as known crew member or KM privileges, allowing

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Speaker 13: flank crews to bypass TSA security checks. They are accused

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Speaker 13: of smuggling millions of dollars in drug money over many

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Speaker 13: years to the Dominican Republic. All of the suspects are

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Speaker 13: from New York. Delta Airlines confirms too of the flight

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Speaker 13: attendants work for Delta and have been suspended. How subcommittee

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Speaker 13: heard from the leaders of three large public school systems

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Speaker 13: in the US, including New York City, wanting to know

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Speaker 13: if they were doing anything about anti Semitism speech and threats.

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Speaker 13: New York GOP Representative Elie Stephonic is a member of

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Speaker 13: the committee.

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Speaker 15: Now, I'll tell you the hearings are important because they

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Speaker 15: do deliver accountability where it has been slow walked by

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Speaker 15: either elected officials, like in the case of the mayor

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Speaker 15: of DC, where it took the night before the hearing

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Speaker 15: for them to clear out the Prohamas encampment at GW.

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Speaker 13: Congresswoman Stephanic says, there are going to continue to be

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Speaker 13: hearings on this crisis. Global news twenty four hours a

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Speaker 13: day and whenever you want it. With the Bloomberg News. Now,

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Speaker 13: I'm Michael Barr, and this is Bloomberg John.

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Speaker 2: Michael, thank you. We're going to sign out for the

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Speaker 2: Bloomberg Sports Update.

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Speaker 16: Dan for that.

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Speaker 2: Good morning, John Stesharwer.

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Speaker 17: Good morning John Tucker. May eight May eight, nineteen seventy.

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Speaker 17: The late Willis Read shakes off an injury inspires the

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Speaker 17: next to a playoff went at the Garden. Exactly fifty

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Speaker 17: four years later, Jalen Brunson does the same thing. Hurtis

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Speaker 17: Foyt late first quartered In played all in the second.

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Speaker 17: Nicks trailed the Pacers by twelve early in the third,

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Speaker 17: but Brunson return Nick's rally.

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Speaker 13: They once again.

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Speaker 17: Pulled out a victory with big hoops in the final minute.

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Speaker 6: Bob pass for.

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Speaker 1: Hart left side, drives on hallipurts right wait.

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Speaker 2: Devincenzo ns up nine. The next fleet by nine.

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Speaker 1: Brunson one on one with Nemark crosses over a couple

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Speaker 1: of times. Spence in the paint floats up next.

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Speaker 17: Week by eight w APN Knicks beat Indiana one thirty

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Speaker 17: one twenty one, lead the series two nothing. Brunson scored

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Speaker 17: twenty nine points. Dante DiVincenzo with that big three he

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Speaker 17: had twenty eight, and so did O Gananobi. He was

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Speaker 17: having his best game ever until he went down with

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Speaker 17: a hamstring injury third quarter. Also from the NBA Denvers,

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Speaker 17: Nikola Jokis named MVP third time the last four years.

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Speaker 17: Stanley Cup Playoffs. After Boston won Game one five to one,

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Speaker 17: Florida took Game two six to one. Vancouver came from

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Speaker 17: four to one down beat Edmonton five to four in

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Speaker 17: the series open A Rangers look to stay unbeaten in

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Speaker 17: the postseason. Tonight, it's Game three at Carolina, fifth straight

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Speaker 17: win for the Yankees at the Stadium won Solo got

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Speaker 17: him go on two run homer first inning, his ninth

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Speaker 17: of the year. Two innings later, both Aaron Judge and

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Speaker 17: Giant Carlos Stanton with their eighth home runs. Yanks beat

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Speaker 17: the struggling Astros nine to four. Mets reigned out in

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Speaker 17: Saint Louis. Chris Sale beat his old team, pitched Atlanta

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Speaker 17: to a five nothing win over the Red Slaps. Marcello

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Speaker 17: zunohomer twice. Beltway Series in DC, the Nationals tied the

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Speaker 17: Orioles with two runs and the ninth and eleventh innings

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Speaker 17: got one. In the twelfth of Baltimore won seven six

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Speaker 17: Shoe Alatani's former interpreter, Ife Musahara, has agreed to plead

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Speaker 17: guilty to felony, bank and tax fraud charges. John Stashedward

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Speaker 17: Bloomberg Sports.

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Speaker 6: John and Nick.

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Speaker 13: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 13: and around the world on Bloomberg dot Com and the

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Speaker 13: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 1: Good morning. I'm Nathan Hager. Israel is facing even more

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Speaker 1: pressure in public and in private as it considers a

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Speaker 1: full scale attack against Hamas in the southern Gaza city

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Speaker 1: of Rafa. The US is already delayed one weapons shipment

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Speaker 1: to try to stop Israel. Now President Biden is warning

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Speaker 1: even more deliveries could be put on hold unless Israel

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Speaker 1: does more to protect civilians and joining US Now for

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Speaker 1: more from Dubai is Bloomberg Middle East Anchored Jumana Burseetschi Jamana.

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Speaker 1: Good morning. So what is the latest that the president

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Speaker 1: is saying? How is it being received in the Middle East?

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Speaker 16: Yeah, so significant development overnight. I think it's worth emphasizing

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Speaker 16: here that this is the first halt in military shipments

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Speaker 16: we've seen out of the US to Israel since the

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Speaker 16: October seventh attack, and so from that perspective, it is

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Speaker 16: really quite significant and does pose a bit of a

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Speaker 16: questions about the nature of their leadship right now between

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Speaker 16: US and Israel. Yesterday it emerged that they had decided

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Speaker 16: to hold the shipment of about three five hundred bombs

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Speaker 16: to Israel in anticipation of this assault on Napha. Of course,

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Speaker 16: yesterday Israel did take over that key border crossing on

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Speaker 16: the border with Egypt that is a key pathway for

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Speaker 16: the passage of humanitarian aid into the Gaza Strip. And

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Speaker 16: the major concern from the US perspective is the mounting

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Speaker 16: number of civilian casualties in addition to a growing humanitarian crisis.

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Speaker 16: About one point five million people still live in fact,

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Speaker 16: one point one million are estimated to be in a

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Speaker 16: category five of hunger, which in other words is means

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Speaker 16: a're very close to acute famine situation. So many people

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Speaker 16: around the world, they're getting very concerned about the humanitarian

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Speaker 16: crisis that could be looming.

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Speaker 6: But for now, what.

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Speaker 16: We see is there has been a limited assault so

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Speaker 16: far from Israel. They have not gone for that full

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Speaker 16: blown ground offensive that had been talked about the last

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Speaker 16: couple of months, and clearly the US are trying to

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Speaker 16: put some pressure on them now to scale back and

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Speaker 16: to hold back the background. Of course, Nathan is on

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Speaker 16: the sidelines in Cairo this week. There are some top

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Speaker 16: level discussions taking place between in cut Our, Egypt, and

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Speaker 16: of course representatives from the US, Israel, and Hamas to

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Speaker 16: find some sort of an agreement on a true scale.

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Speaker 13: Yeah.

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Speaker 1: So it speaks to the difficult balance that the US

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Speaker 1: is trying to strike here, trying to show that its

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Speaker 1: support for Israel, as it said, remains iron clad, well,

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Speaker 1: trying to keep these hostage negotiations and ceasefire negotiations continuing.

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Speaker 1: What is the balance that the US is trying to

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Speaker 1: strike and how is it being received in Israel right now?

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Speaker 16: Exactly? So that is the key question here, because I

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Speaker 16: think it is also worth emphasizing that in that interview

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Speaker 16: that President Biden gave yesterday to CNN, he also said

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Speaker 16: we are not walking away from Israel's security, We are

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Speaker 16: walking away from Israel's ability to wage war in those

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Speaker 16: areas specifically those areas. Also again worth reminding people that

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Speaker 16: this is a pause in these shipments, the specific shipments

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Speaker 16: that I mentioned, those three five hundred bombs. But you

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Speaker 16: may recall that not so long ago, the US did

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Speaker 16: pass a Buil that allowed for a package of a

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Speaker 16: to be delivered to Israel that include further military assistance

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Speaker 16: and economic assistance that will remain untouched. So that is

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Speaker 16: still going ahead. As far as the Israeli response, we

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Speaker 16: haven't got an official response out of the Nataniahu office,

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Speaker 16: but very outspoken members of the cabinet, more hawkish members.

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Speaker 16: The National Defense Minister Ben Gavier put up a tweet

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Speaker 16: saying Hammas love Biden. Very strong statement from his side.

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Speaker 16: Many have expressed this pleasure with the US decision and

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Speaker 16: have said that US needs to be focusing on Hamas

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Speaker 16: and restraining Hamas rather than Israel at this point.

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