WEBVTT - Biden's Israel Warning; House Speaker Dodges Ouster

0:00:02.480 --> 0:00:10.600
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News. Good morning.

0:00:10.640 --> 0:00:13.160
<v Speaker 2>I'm Nathan Hager and I'm John Tucker. Here are these

0:00:13.160 --> 0:00:14.400
<v Speaker 2>stories we're following today.

0:00:14.440 --> 0:00:17.079
<v Speaker 1>John, we begin with the latest on the war in Israel.

0:00:17.200 --> 0:00:20.360
<v Speaker 1>President Biden is warning he will stop additional shipments of

0:00:20.360 --> 0:00:23.840
<v Speaker 1>offensive weapons to Israel if the country goes ahead with

0:00:23.880 --> 0:00:26.880
<v Speaker 1>the ground invasion of Rafa in southern Gaza. In an

0:00:26.920 --> 0:00:30.760
<v Speaker 1>interview with CNN, Biden highlighted the potential loss of civilian

0:00:30.800 --> 0:00:33.600
<v Speaker 1>life if Israel goes into the densely packed city.

0:00:33.680 --> 0:00:36.519
<v Speaker 3>If they're going to Rafa, I'm not supplying the weapons

0:00:36.520 --> 0:00:39.319
<v Speaker 3>that have been used historically to deal with Rafa, to

0:00:39.360 --> 0:00:41.800
<v Speaker 3>deal with the cities, to deal with that problem. We're

0:00:41.800 --> 0:00:44.199
<v Speaker 3>going to continue to make sure because you're less secure

0:00:44.240 --> 0:00:47.320
<v Speaker 3>in terms of Iron Dome and their ability to respond

0:00:47.360 --> 0:00:50.639
<v Speaker 3>to attacks like came out of you the least recently.

0:00:50.920 --> 0:00:53.200
<v Speaker 3>But it's just wrong.

0:00:53.520 --> 0:00:56.960
<v Speaker 2>President Biden's comments on CNN, coming after the US pause

0:00:57.040 --> 0:01:00.240
<v Speaker 2>delivery of about thirty five hundred bombs to Israel by

0:01:00.280 --> 0:01:03.560
<v Speaker 2>the decision meanwhile being criticized in both Israel as well

0:01:03.600 --> 0:01:07.640
<v Speaker 2>as Republican members of Congress. Kentucky Republican Andy Barr joined

0:01:07.680 --> 0:01:10.800
<v Speaker 2>Bloomberg Balance of Power and said this is unacceptable.

0:01:11.040 --> 0:01:16.360
<v Speaker 4>This is an affront to the relationship between our two countries.

0:01:17.400 --> 0:01:22.200
<v Speaker 4>The fact that this administration is rejecting an Act of

0:01:22.240 --> 0:01:25.800
<v Speaker 4>Congress and turning its back on our key ally in

0:01:25.840 --> 0:01:28.040
<v Speaker 4>the Middle East is obnoxious.

0:01:28.520 --> 0:01:31.880
<v Speaker 2>Republican Congressman Andy Barr of Kentucky. On the other side

0:01:31.920 --> 0:01:35.280
<v Speaker 2>of the Isisle, Georgia, Democrat Rafael Warnock also joined Bloomberg

0:01:35.319 --> 0:01:37.760
<v Speaker 2>Balance of Power, and the Senator said, we need to

0:01:37.760 --> 0:01:39.959
<v Speaker 2>do what it takes to end this conflict.

0:01:40.280 --> 0:01:46.080
<v Speaker 5>But I'm also very concerned about over thirty thousand Palestinian

0:01:46.120 --> 0:01:49.960
<v Speaker 5>lives that have been lost in this conflict, the majority

0:01:50.000 --> 0:01:54.000
<v Speaker 5>of them being women and children. So I'm hopeful that

0:01:54.080 --> 0:01:57.160
<v Speaker 5>at the end of the day, we will recognize that

0:01:57.280 --> 0:02:01.400
<v Speaker 5>the answer to death and the stry production is not

0:02:01.520 --> 0:02:02.480
<v Speaker 5>more death in destruction.

0:02:02.600 --> 0:02:05.760
<v Speaker 2>Democratic Senator Rafael Warnick Canada that Congress will be keeping

0:02:05.800 --> 0:02:08.120
<v Speaker 2>a close eye in the situation to hear the full

0:02:08.160 --> 0:02:11.240
<v Speaker 2>conversation with both Senator Warnock and Congress and Bar. Get

0:02:11.280 --> 0:02:14.760
<v Speaker 2>the Bloomberg Balance a Power podcast available wherever you get

0:02:14.760 --> 0:02:16.280
<v Speaker 2>your podcasts.

0:02:15.760 --> 0:02:18.840
<v Speaker 1>And staying in Washington. Democrats have helped halt a move

0:02:18.880 --> 0:02:23.440
<v Speaker 1>by hardline Republicans in Congress to oust the speaker, Bloomberg said,

0:02:23.480 --> 0:02:24.639
<v Speaker 1>Baxter has that story.

0:02:25.120 --> 0:02:27.840
<v Speaker 6>Marjorie Taylor Green did keep her promise to try and

0:02:27.880 --> 0:02:31.680
<v Speaker 6>bring it to the floor, but was defeated overwhelmingly three

0:02:31.800 --> 0:02:35.280
<v Speaker 6>hundred and fifty nine to forty three. Johnson responds back

0:02:35.320 --> 0:02:36.680
<v Speaker 6>to the real business at hand.

0:02:36.720 --> 0:02:39.000
<v Speaker 7>They made their voices heard on the motion of vacate matter,

0:02:39.200 --> 0:02:41.400
<v Speaker 7>and now we have very important work to do for.

0:02:41.400 --> 0:02:43.480
<v Speaker 6>The country, and says he hopes the tenor of the

0:02:43.560 --> 0:02:44.720
<v Speaker 6>Chamber will now change.

0:02:44.760 --> 0:02:48.120
<v Speaker 7>Hopefully this is the end of the personality politics and

0:02:48.160 --> 0:02:51.679
<v Speaker 7>the frivolous character assassination that has defined one hundred and

0:02:51.720 --> 0:02:52.639
<v Speaker 7>eighteenth Congress.

0:02:52.919 --> 0:02:55.880
<v Speaker 6>It does leave Green on a political island. Only eleven

0:02:55.919 --> 0:03:00.079
<v Speaker 6>members from her party stood with her at Baxter Bloomberg Radio.

0:03:00.120 --> 0:03:03.120
<v Speaker 2>Thanks said, and to the markets now. Stocks edged lower

0:03:03.160 --> 0:03:05.560
<v Speaker 2>before the jobless claims us out at eight thirty Wall

0:03:05.600 --> 0:03:08.760
<v Speaker 2>Street time. It comes with earning season winding down and

0:03:08.800 --> 0:03:11.520
<v Speaker 2>investors are waiting fresh data on a potential timing for

0:03:11.760 --> 0:03:15.800
<v Speaker 2>lower interest rates. Traders have digested Fed speak this week

0:03:15.840 --> 0:03:19.240
<v Speaker 2>on the potential path for rates, including yesterday that's when

0:03:19.320 --> 0:03:21.880
<v Speaker 2>Boston Fed President Susan Collins spoke at MIT.

0:03:22.360 --> 0:03:25.200
<v Speaker 8>I do remain optimistic that this can be accomplished in

0:03:25.240 --> 0:03:27.760
<v Speaker 8>a reasonable amount of time and with a labor market

0:03:27.760 --> 0:03:31.440
<v Speaker 8>that remains healthy. But there's a significant amount of uncertainty

0:03:31.480 --> 0:03:34.920
<v Speaker 8>around that outlook, and the recent data lead me to

0:03:35.000 --> 0:03:38.080
<v Speaker 8>believe that it's just going to take longer than previously thought.

0:03:38.200 --> 0:03:41.440
<v Speaker 2>Boston Fed President Susan Collins says the Fed remains focused

0:03:41.440 --> 0:03:44.880
<v Speaker 2>on bringing inflation back to its two percent target.

0:03:44.720 --> 0:03:47.840
<v Speaker 1>And those comments from Susan Collins john come ahead of

0:03:48.000 --> 0:03:51.480
<v Speaker 1>consumer price data coming next week and following the smallest

0:03:51.520 --> 0:03:55.320
<v Speaker 1>gain in six months for non farm payrolls last week.

0:03:55.520 --> 0:03:58.320
<v Speaker 1>Richard Clarina, former Vice chair of the FED and current

0:03:58.360 --> 0:04:01.600
<v Speaker 1>Global Economic advisor at PIMCO, says he still expects the

0:04:01.640 --> 0:04:04.119
<v Speaker 1>Fed to be patient and remain data dependent.

0:04:04.520 --> 0:04:07.440
<v Speaker 9>Since the beginning of the year, the inflation numbers have

0:04:07.520 --> 0:04:11.760
<v Speaker 9>been going in the wrong direction, and also especially I

0:04:11.760 --> 0:04:14.560
<v Speaker 9>think what's relevant here is an element of risk management,

0:04:14.640 --> 0:04:16.919
<v Speaker 9>so I think there is path dependence. The fact that

0:04:16.960 --> 0:04:20.360
<v Speaker 9>the last three years inflation has been well above target.

0:04:20.680 --> 0:04:24.200
<v Speaker 9>I think it makes it a harder call to cut preemptively.

0:04:24.560 --> 0:04:27.200
<v Speaker 1>Richard clarieda of PIMCO says if he were still fed

0:04:27.320 --> 0:04:30.200
<v Speaker 1>Vice chair he would not consider cutting rates right now.

0:04:30.440 --> 0:04:33.080
<v Speaker 2>And meanwhile in Europe, markets are points for a stronger

0:04:33.120 --> 0:04:36.000
<v Speaker 2>signal on when the Bank of England will cut interust rates.

0:04:36.320 --> 0:04:39.400
<v Speaker 2>With the Bank of England decision coming today. In Bloomberg's Ewon,

0:04:39.480 --> 0:04:42.280
<v Speaker 2>Potts joins us from London with the latest here on

0:04:42.320 --> 0:04:43.040
<v Speaker 2>good Morning.

0:04:43.279 --> 0:04:46.680
<v Speaker 10>Good morning John and Nathan. Inflation and growth forecast will

0:04:46.720 --> 0:04:48.880
<v Speaker 10>be key for the Bank of England today. The old

0:04:48.920 --> 0:04:51.600
<v Speaker 10>Lady of fred Neil Street almost certain to leave UK

0:04:51.760 --> 0:04:54.599
<v Speaker 10>rates on hold at five and a quarter percent, a

0:04:54.720 --> 0:04:57.600
<v Speaker 10>sixteen year high, but keeping out for changes in the

0:04:57.680 --> 0:05:00.560
<v Speaker 10>vote balance on the committee. Will the Dove find new

0:05:00.560 --> 0:05:03.440
<v Speaker 10>recruits for a right cut this month? A market will

0:05:03.440 --> 0:05:06.159
<v Speaker 10>also be Kaylee watching the governor's press conference for hints

0:05:06.240 --> 0:05:09.239
<v Speaker 10>on when the baby might finally start cutting in London,

0:05:09.240 --> 0:05:10.880
<v Speaker 10>I'm Unepotsplinberg Radio.

0:05:10.720 --> 0:05:12.880
<v Speaker 1>Okay you and thank you. Heading to Asia now in

0:05:12.920 --> 0:05:16.080
<v Speaker 1>a focus on Tesla, sources tell Bloomberg News the electric

0:05:16.200 --> 0:05:19.880
<v Speaker 1>vehicle giant is ramping up job cuts in China as

0:05:19.960 --> 0:05:23.440
<v Speaker 1>sales slow. The layoffs reportedly affect a range of departments,

0:05:23.680 --> 0:05:28.120
<v Speaker 1>including customer service, engineering, production line, and the logistics team.

0:05:28.160 --> 0:05:29.640
<v Speaker 1>At Tesla's Shanghai plant.

0:05:30.000 --> 0:05:33.159
<v Speaker 2>Elsewhere in Tact Bloomberg's reporting on the huge dilemma to Apple,

0:05:33.200 --> 0:05:36.520
<v Speaker 2>Who's going to succeed CEO Tim Cook? Bloomberg Chief Apple

0:05:36.520 --> 0:05:39.839
<v Speaker 2>correspondent Mark germatt As examined Cook's tenure and who could

0:05:39.839 --> 0:05:43.159
<v Speaker 2>follow him to lead the multi trillion dollar company. Grimman says,

0:05:43.160 --> 0:05:45.800
<v Speaker 2>they're a number of candidates who could fill that role

0:05:46.200 --> 0:05:46.760
<v Speaker 2>if Tim.

0:05:46.600 --> 0:05:48.839
<v Speaker 11>Cook would have stepped down in the very near future.

0:05:49.240 --> 0:05:52.960
<v Speaker 11>Look no further than Jeff Williams. He's Apple's chief operating officer.

0:05:53.360 --> 0:05:55.360
<v Speaker 11>That was the same role that Tim Cook held for

0:05:55.400 --> 0:05:58.479
<v Speaker 11>many years under Steve Jobs. The other part of it

0:05:58.560 --> 0:06:00.720
<v Speaker 11>is that he's only two years younger than Look, that's

0:06:00.720 --> 0:06:04.239
<v Speaker 11>a problem that leaves us with someone else. That's John Turnas,

0:06:04.279 --> 0:06:06.000
<v Speaker 11>the senior VP of hardware Engineering.

0:06:06.040 --> 0:06:09.120
<v Speaker 2>Bloomberg's Mark Germit says he strongly believes this the session

0:06:09.160 --> 0:06:12.760
<v Speaker 2>will happen internally and believes John Turnis is emerging as

0:06:12.800 --> 0:06:15.040
<v Speaker 2>Tim Cook's most likely successor.

0:06:15.640 --> 0:06:19.320
<v Speaker 1>And Elsewhere in company news, John shares in chip designer

0:06:19.520 --> 0:06:23.960
<v Speaker 1>ARM tumbled after a lukewarm forecast. Revenue for fiscal twenty

0:06:23.960 --> 0:06:26.680
<v Speaker 1>five is expected to be just shyve Analyst estimates of

0:06:26.720 --> 0:06:30.679
<v Speaker 1>four billion dollars. Kuon John Sabani of Bloomberg Intelligence says

0:06:30.720 --> 0:06:32.720
<v Speaker 1>it reflects a sector wide slowdown.

0:06:33.000 --> 0:06:35.840
<v Speaker 12>The driver for the mislike miss in the fiscal ear

0:06:35.880 --> 0:06:38.800
<v Speaker 12>guidance was coming really from two major areas. One is

0:06:38.880 --> 0:06:43.479
<v Speaker 12>networking and the other is the industrial IoT, which most

0:06:43.520 --> 0:06:46.640
<v Speaker 12>of the semiconductor companies exposed to this rcing weakness here,

0:06:46.680 --> 0:06:49.400
<v Speaker 12>So that's not companies specific, it's just that end market

0:06:49.440 --> 0:06:51.640
<v Speaker 12>is going through a cyclical bottom.

0:06:52.000 --> 0:06:56.240
<v Speaker 1>That's Bloomberg Semiconductor analyst kun John Sabani, he says. Armed

0:06:56.279 --> 0:07:00.600
<v Speaker 1>CEO renee Has says the company remains very confident in

0:07:00.640 --> 0:07:01.880
<v Speaker 1>its long term growth.

0:07:06.320 --> 0:07:06.480
<v Speaker 12>Yew.

0:07:06.520 --> 0:07:08.520
<v Speaker 2>That brings us to five o eight. We'll so you've

0:07:08.560 --> 0:07:10.000
<v Speaker 2>tend that for a look at some of the other

0:07:10.040 --> 0:07:12.480
<v Speaker 2>stories making news in New York and around the world.

0:07:12.520 --> 0:07:15.320
<v Speaker 2>In for that, we're joined by Bloomberg's Michael Barr Michael,

0:07:15.360 --> 0:07:16.080
<v Speaker 2>good morning.

0:07:15.880 --> 0:07:18.840
<v Speaker 13>Good morning John. Stormy Daniels will return to the witness

0:07:18.880 --> 0:07:22.200
<v Speaker 13>stand today in Donald Trump's criminal hush money trial. The

0:07:22.280 --> 0:07:25.320
<v Speaker 13>defense will try to undermine the credibility of the porn

0:07:25.360 --> 0:07:29.840
<v Speaker 13>actor's graphic testimony about an alleged sexual encounter and the

0:07:29.880 --> 0:07:33.360
<v Speaker 13>money she got to keep quiet. Daniel's account is central

0:07:33.400 --> 0:07:37.680
<v Speaker 13>to the prosecutor's case accusing Trump of scheming to illegally

0:07:37.760 --> 0:07:43.240
<v Speaker 13>influence the twenty sixteen presidential campaign by burying unflattering stories.

0:07:43.560 --> 0:07:47.080
<v Speaker 13>Trump denies they ever had sex. Tennessee has taken the

0:07:47.080 --> 0:07:50.000
<v Speaker 13>brunt of severe storms that spawned tornadoes over the last

0:07:50.080 --> 0:07:54.720
<v Speaker 13>two days. The storm det rumbled across northeastern Tennessee, knocked

0:07:54.840 --> 0:07:57.760
<v Speaker 13>down power lines and trees, and took the lives of

0:07:57.800 --> 0:08:01.680
<v Speaker 13>two people in the state. Spring Hill Mayor Jim Hennegeman

0:08:02.040 --> 0:08:04.760
<v Speaker 13>says that the team was ready to step in and

0:08:04.840 --> 0:08:06.320
<v Speaker 13>help neighboring towns in need.

0:08:06.680 --> 0:08:09.800
<v Speaker 14>We committed a lot of resources to this event here,

0:08:09.840 --> 0:08:13.200
<v Speaker 14>and I'm happy to say that it's just a wonderful

0:08:13.280 --> 0:08:15.280
<v Speaker 14>thing to see all of the mutual way that came

0:08:15.600 --> 0:08:18.480
<v Speaker 14>under one command, and everybody that could do everything right,

0:08:18.600 --> 0:08:20.440
<v Speaker 14>they did it right. We're still working to remove a

0:08:20.440 --> 0:08:21.679
<v Speaker 14>lot of debris that has occurred.

0:08:22.080 --> 0:08:26.240
<v Speaker 13>Another person was killed by tornadoes in North Carolina. Four

0:08:26.320 --> 0:08:30.320
<v Speaker 13>flight attendants are facing federal charges for allegedly smuggling drug

0:08:30.360 --> 0:08:34.360
<v Speaker 13>money while carrying out their jobs. They allegedly used what

0:08:34.600 --> 0:08:39.800
<v Speaker 13>are known as known crew member or KM privileges, allowing

0:08:39.880 --> 0:08:44.320
<v Speaker 13>flank crews to bypass TSA security checks. They are accused

0:08:44.320 --> 0:08:47.640
<v Speaker 13>of smuggling millions of dollars in drug money over many

0:08:47.720 --> 0:08:51.160
<v Speaker 13>years to the Dominican Republic. All of the suspects are

0:08:51.200 --> 0:08:54.440
<v Speaker 13>from New York. Delta Airlines confirms too of the flight

0:08:54.440 --> 0:08:59.040
<v Speaker 13>attendants work for Delta and have been suspended. How subcommittee

0:08:59.040 --> 0:09:02.000
<v Speaker 13>heard from the leaders of three large public school systems

0:09:02.000 --> 0:09:05.199
<v Speaker 13>in the US, including New York City, wanting to know

0:09:05.360 --> 0:09:09.320
<v Speaker 13>if they were doing anything about anti Semitism speech and threats.

0:09:09.880 --> 0:09:13.240
<v Speaker 13>New York GOP Representative Elie Stephonic is a member of

0:09:13.280 --> 0:09:13.920
<v Speaker 13>the committee.

0:09:14.040 --> 0:09:16.280
<v Speaker 15>Now, I'll tell you the hearings are important because they

0:09:16.320 --> 0:09:20.200
<v Speaker 15>do deliver accountability where it has been slow walked by

0:09:20.600 --> 0:09:22.960
<v Speaker 15>either elected officials, like in the case of the mayor

0:09:23.000 --> 0:09:25.600
<v Speaker 15>of DC, where it took the night before the hearing

0:09:25.800 --> 0:09:28.800
<v Speaker 15>for them to clear out the Prohamas encampment at GW.

0:09:29.600 --> 0:09:33.200
<v Speaker 13>Congresswoman Stephanic says, there are going to continue to be

0:09:33.360 --> 0:09:36.800
<v Speaker 13>hearings on this crisis. Global news twenty four hours a

0:09:36.880 --> 0:09:39.559
<v Speaker 13>day and whenever you want it. With the Bloomberg News. Now,

0:09:39.640 --> 0:09:42.320
<v Speaker 13>I'm Michael Barr, and this is Bloomberg John.

0:09:42.280 --> 0:09:48.360
<v Speaker 2>Michael, thank you. We're going to sign out for the

0:09:48.360 --> 0:09:49.600
<v Speaker 2>Bloomberg Sports Update.

0:09:49.679 --> 0:09:50.320
<v Speaker 16>Dan for that.

0:09:50.480 --> 0:09:52.560
<v Speaker 2>Good morning, John Stesharwer.

0:09:52.320 --> 0:09:55.720
<v Speaker 17>Good morning John Tucker. May eight May eight, nineteen seventy.

0:09:55.800 --> 0:09:58.520
<v Speaker 17>The late Willis Read shakes off an injury inspires the

0:09:58.600 --> 0:10:01.120
<v Speaker 17>next to a playoff went at the Garden. Exactly fifty

0:10:01.160 --> 0:10:04.600
<v Speaker 17>four years later, Jalen Brunson does the same thing. Hurtis

0:10:04.600 --> 0:10:06.440
<v Speaker 17>Foyt late first quartered In played all in the second.

0:10:06.520 --> 0:10:09.439
<v Speaker 17>Nicks trailed the Pacers by twelve early in the third,

0:10:09.440 --> 0:10:11.400
<v Speaker 17>but Brunson return Nick's rally.

0:10:11.480 --> 0:10:12.240
<v Speaker 13>They once again.

0:10:12.080 --> 0:10:15.079
<v Speaker 17>Pulled out a victory with big hoops in the final minute.

0:10:15.400 --> 0:10:16.080
<v Speaker 6>Bob pass for.

0:10:16.160 --> 0:10:18.839
<v Speaker 1>Hart left side, drives on hallipurts right wait.

0:10:18.920 --> 0:10:23.640
<v Speaker 2>Devincenzo ns up nine. The next fleet by nine.

0:10:23.840 --> 0:10:26.560
<v Speaker 1>Brunson one on one with Nemark crosses over a couple

0:10:26.640 --> 0:10:30.520
<v Speaker 1>of times. Spence in the paint floats up next.

0:10:30.280 --> 0:10:33.640
<v Speaker 17>Week by eight w APN Knicks beat Indiana one thirty

0:10:33.679 --> 0:10:36.280
<v Speaker 17>one twenty one, lead the series two nothing. Brunson scored

0:10:36.320 --> 0:10:38.920
<v Speaker 17>twenty nine points. Dante DiVincenzo with that big three he

0:10:38.960 --> 0:10:41.840
<v Speaker 17>had twenty eight, and so did O Gananobi. He was

0:10:41.840 --> 0:10:44.120
<v Speaker 17>having his best game ever until he went down with

0:10:44.160 --> 0:10:47.360
<v Speaker 17>a hamstring injury third quarter. Also from the NBA Denvers,

0:10:47.440 --> 0:10:50.760
<v Speaker 17>Nikola Jokis named MVP third time the last four years.

0:10:50.760 --> 0:10:53.560
<v Speaker 17>Stanley Cup Playoffs. After Boston won Game one five to one,

0:10:53.640 --> 0:10:56.439
<v Speaker 17>Florida took Game two six to one. Vancouver came from

0:10:56.480 --> 0:10:59.199
<v Speaker 17>four to one down beat Edmonton five to four in

0:10:59.240 --> 0:11:01.280
<v Speaker 17>the series open A Rangers look to stay unbeaten in

0:11:01.360 --> 0:11:04.800
<v Speaker 17>the postseason. Tonight, it's Game three at Carolina, fifth straight

0:11:04.840 --> 0:11:06.920
<v Speaker 17>win for the Yankees at the Stadium won Solo got

0:11:07.000 --> 0:11:08.960
<v Speaker 17>him go on two run homer first inning, his ninth

0:11:08.960 --> 0:11:11.760
<v Speaker 17>of the year. Two innings later, both Aaron Judge and

0:11:11.840 --> 0:11:14.640
<v Speaker 17>Giant Carlos Stanton with their eighth home runs. Yanks beat

0:11:14.679 --> 0:11:17.800
<v Speaker 17>the struggling Astros nine to four. Mets reigned out in

0:11:17.840 --> 0:11:20.520
<v Speaker 17>Saint Louis. Chris Sale beat his old team, pitched Atlanta

0:11:20.880 --> 0:11:23.040
<v Speaker 17>to a five nothing win over the Red Slaps. Marcello

0:11:23.160 --> 0:11:26.720
<v Speaker 17>zunohomer twice. Beltway Series in DC, the Nationals tied the

0:11:26.720 --> 0:11:30.040
<v Speaker 17>Orioles with two runs and the ninth and eleventh innings

0:11:30.080 --> 0:11:32.400
<v Speaker 17>got one. In the twelfth of Baltimore won seven six

0:11:32.760 --> 0:11:36.600
<v Speaker 17>Shoe Alatani's former interpreter, Ife Musahara, has agreed to plead

0:11:36.640 --> 0:11:40.559
<v Speaker 17>guilty to felony, bank and tax fraud charges. John Stashedward

0:11:40.559 --> 0:11:41.920
<v Speaker 17>Bloomberg Sports.

0:11:41.640 --> 0:11:42.240
<v Speaker 6>John and Nick.

0:11:44.320 --> 0:11:48.480
<v Speaker 13>Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

0:11:48.600 --> 0:11:51.480
<v Speaker 13>and around the world on Bloomberg dot Com and the

0:11:51.520 --> 0:11:54.920
<v Speaker 13>Bloomberg Business app. This is Bloomberg Daybreak.

0:11:55.520 --> 0:11:58.400
<v Speaker 1>Good morning. I'm Nathan Hager. Israel is facing even more

0:11:58.440 --> 0:12:01.280
<v Speaker 1>pressure in public and in private as it considers a

0:12:01.320 --> 0:12:04.280
<v Speaker 1>full scale attack against Hamas in the southern Gaza city

0:12:04.320 --> 0:12:07.320
<v Speaker 1>of Rafa. The US is already delayed one weapons shipment

0:12:07.400 --> 0:12:10.640
<v Speaker 1>to try to stop Israel. Now President Biden is warning

0:12:10.679 --> 0:12:13.720
<v Speaker 1>even more deliveries could be put on hold unless Israel

0:12:13.760 --> 0:12:17.120
<v Speaker 1>does more to protect civilians and joining US Now for

0:12:17.240 --> 0:12:21.720
<v Speaker 1>more from Dubai is Bloomberg Middle East Anchored Jumana Burseetschi Jamana.

0:12:21.840 --> 0:12:24.400
<v Speaker 1>Good morning. So what is the latest that the president

0:12:24.480 --> 0:12:26.960
<v Speaker 1>is saying? How is it being received in the Middle East?

0:12:27.880 --> 0:12:31.840
<v Speaker 16>Yeah, so significant development overnight. I think it's worth emphasizing

0:12:31.880 --> 0:12:35.160
<v Speaker 16>here that this is the first halt in military shipments

0:12:35.200 --> 0:12:38.160
<v Speaker 16>we've seen out of the US to Israel since the

0:12:38.200 --> 0:12:42.680
<v Speaker 16>October seventh attack, and so from that perspective, it is

0:12:42.880 --> 0:12:46.360
<v Speaker 16>really quite significant and does pose a bit of a

0:12:46.440 --> 0:12:48.760
<v Speaker 16>questions about the nature of their leadship right now between

0:12:48.920 --> 0:12:52.120
<v Speaker 16>US and Israel. Yesterday it emerged that they had decided

0:12:52.160 --> 0:12:55.000
<v Speaker 16>to hold the shipment of about three five hundred bombs

0:12:55.200 --> 0:12:58.760
<v Speaker 16>to Israel in anticipation of this assault on Napha. Of course,

0:12:58.920 --> 0:13:02.400
<v Speaker 16>yesterday Israel did take over that key border crossing on

0:13:02.679 --> 0:13:05.679
<v Speaker 16>the border with Egypt that is a key pathway for

0:13:05.800 --> 0:13:09.080
<v Speaker 16>the passage of humanitarian aid into the Gaza Strip. And

0:13:09.320 --> 0:13:13.200
<v Speaker 16>the major concern from the US perspective is the mounting

0:13:13.240 --> 0:13:17.320
<v Speaker 16>number of civilian casualties in addition to a growing humanitarian crisis.

0:13:17.360 --> 0:13:20.360
<v Speaker 16>About one point five million people still live in fact,

0:13:20.520 --> 0:13:23.440
<v Speaker 16>one point one million are estimated to be in a

0:13:23.559 --> 0:13:27.680
<v Speaker 16>category five of hunger, which in other words is means

0:13:27.679 --> 0:13:32.080
<v Speaker 16>a're very close to acute famine situation. So many people

0:13:32.120 --> 0:13:35.559
<v Speaker 16>around the world, they're getting very concerned about the humanitarian

0:13:35.640 --> 0:13:36.880
<v Speaker 16>crisis that could be looming.

0:13:37.520 --> 0:13:38.440
<v Speaker 6>But for now, what.

0:13:38.360 --> 0:13:41.600
<v Speaker 16>We see is there has been a limited assault so

0:13:41.800 --> 0:13:44.360
<v Speaker 16>far from Israel. They have not gone for that full

0:13:44.400 --> 0:13:46.719
<v Speaker 16>blown ground offensive that had been talked about the last

0:13:46.760 --> 0:13:49.120
<v Speaker 16>couple of months, and clearly the US are trying to

0:13:49.120 --> 0:13:51.920
<v Speaker 16>put some pressure on them now to scale back and

0:13:51.920 --> 0:13:54.880
<v Speaker 16>to hold back the background. Of course, Nathan is on

0:13:54.960 --> 0:13:58.200
<v Speaker 16>the sidelines in Cairo this week. There are some top

0:13:58.280 --> 0:14:02.040
<v Speaker 16>level discussions taking place between in cut Our, Egypt, and

0:14:02.120 --> 0:14:05.240
<v Speaker 16>of course representatives from the US, Israel, and Hamas to

0:14:05.280 --> 0:14:07.400
<v Speaker 16>find some sort of an agreement on a true scale.

0:14:07.760 --> 0:14:07.920
<v Speaker 13>Yeah.

0:14:07.960 --> 0:14:10.200
<v Speaker 1>So it speaks to the difficult balance that the US

0:14:10.280 --> 0:14:12.520
<v Speaker 1>is trying to strike here, trying to show that its

0:14:12.559 --> 0:14:16.160
<v Speaker 1>support for Israel, as it said, remains iron clad, well,

0:14:16.280 --> 0:14:21.400
<v Speaker 1>trying to keep these hostage negotiations and ceasefire negotiations continuing.

0:14:21.760 --> 0:14:24.360
<v Speaker 1>What is the balance that the US is trying to

0:14:24.400 --> 0:14:27.160
<v Speaker 1>strike and how is it being received in Israel right now?

0:14:27.440 --> 0:14:31.080
<v Speaker 16>Exactly? So that is the key question here, because I

0:14:31.080 --> 0:14:33.920
<v Speaker 16>think it is also worth emphasizing that in that interview

0:14:34.000 --> 0:14:37.280
<v Speaker 16>that President Biden gave yesterday to CNN, he also said

0:14:37.320 --> 0:14:40.480
<v Speaker 16>we are not walking away from Israel's security, We are

0:14:40.520 --> 0:14:43.960
<v Speaker 16>walking away from Israel's ability to wage war in those

0:14:44.040 --> 0:14:48.120
<v Speaker 16>areas specifically those areas. Also again worth reminding people that

0:14:48.400 --> 0:14:52.640
<v Speaker 16>this is a pause in these shipments, the specific shipments

0:14:52.640 --> 0:14:55.320
<v Speaker 16>that I mentioned, those three five hundred bombs. But you

0:14:55.360 --> 0:14:59.280
<v Speaker 16>may recall that not so long ago, the US did

0:14:59.400 --> 0:15:02.320
<v Speaker 16>pass a Buil that allowed for a package of a

0:15:02.520 --> 0:15:05.400
<v Speaker 16>to be delivered to Israel that include further military assistance

0:15:05.440 --> 0:15:08.960
<v Speaker 16>and economic assistance that will remain untouched. So that is

0:15:09.000 --> 0:15:12.280
<v Speaker 16>still going ahead. As far as the Israeli response, we

0:15:12.360 --> 0:15:15.120
<v Speaker 16>haven't got an official response out of the Nataniahu office,

0:15:15.160 --> 0:15:18.400
<v Speaker 16>but very outspoken members of the cabinet, more hawkish members.

0:15:18.440 --> 0:15:21.000
<v Speaker 16>The National Defense Minister Ben Gavier put up a tweet

0:15:21.640 --> 0:15:26.160
<v Speaker 16>saying Hammas love Biden. Very strong statement from his side.

0:15:26.680 --> 0:15:30.680
<v Speaker 16>Many have expressed this pleasure with the US decision and

0:15:30.760 --> 0:15:34.520
<v Speaker 16>have said that US needs to be focusing on Hamas

0:15:34.600 --> 0:15:37.600
<v Speaker 16>and restraining Hamas rather than Israel at this point.

0:15:37.880 --> 0:15:40.760
<v Speaker 1>This is Bloomberg day Break Today, your morning brief on

0:15:40.840 --> 0:15:44.400
<v Speaker 1>the stories making news from Wall Street to Washington and beyond.

0:15:44.520 --> 0:15:46.880
<v Speaker 2>Look for us on your podcast feed by six am

0:15:46.920 --> 0:15:50.680
<v Speaker 2>Eastern each morning, on Apple's Spotify and anywhere else you

0:15:50.720 --> 0:15:51.840
<v Speaker 2>get your podcasts.

0:15:52.080 --> 0:15:54.760
<v Speaker 1>You can also listen live each morning starting at five

0:15:54.840 --> 0:15:57.480
<v Speaker 1>am Wall Street time on Bloomberg eleven three to zero

0:15:57.480 --> 0:16:00.320
<v Speaker 1>in New York, Bloomberg ninety nine to one in wash Ten,

0:16:00.440 --> 0:16:03.320
<v Speaker 1>Bloomberg one oh six y one in Boston, and Bloomberg

0:16:03.400 --> 0:16:05.040
<v Speaker 1>nine sixty in San Francisco.

0:16:05.320 --> 0:16:08.000
<v Speaker 2>Our flagship New York station, is also available on your

0:16:08.040 --> 0:16:13.000
<v Speaker 2>Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.

0:16:13.000 --> 0:16:16.440
<v Speaker 1>Listen coast to coast on the Bloomberg Business app, SERRIUSXM,

0:16:16.560 --> 0:16:20.880
<v Speaker 1>the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.

0:16:20.760 --> 0:16:22.960
<v Speaker 2>And I'm John Tucker. Join us again tomorrow morning for

0:16:23.080 --> 0:16:25.000
<v Speaker 2>all the news you need to start your day, right

0:16:25.040 --> 0:16:26.600
<v Speaker 2>here on Bloomberg day Break