WEBVTT - The Israel-Hamas Hostage Release; Details on the Niagara Falls Explosion

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm John Tucker. Here are these

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<v Speaker 2>stories we're following today.

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<v Speaker 3>The first group of Israeli hostages is expected to leave

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<v Speaker 3>the Gaza Strip soon in a deal that's meant to

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<v Speaker 3>return fifty of the nearly two hundred and forty captives

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<v Speaker 3>that Hamas took from Israel. Israel plans to release one

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<v Speaker 3>hundred and fifty jailed Palestinians. All involved are women and

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<v Speaker 3>people under the age of nineteen. This stop in fighting

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<v Speaker 3>is intended to last for four days. It marks the

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<v Speaker 3>first major lull in this war since it began October seventh.

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<v Speaker 3>Israeli Prime Minister Benjamin Netanyah, who says the military offensive

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<v Speaker 3>will go on after that.

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<v Speaker 4>We hope to get this first tronch out and then

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<v Speaker 4>we're committed to getting everyone out, but we'll continue with

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<v Speaker 4>our fore aims namly to eradicate Kamas, because Kamas has

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<v Speaker 4>already promised that they will do this again and again

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<v Speaker 4>and again.

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<v Speaker 3>Israeli Prime Minister Benjamin Netanyah, who says he has delivered

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<v Speaker 3>that same message in a phone call to President Biden.

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<v Speaker 2>We had along with a hostage release, the deal will

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<v Speaker 2>also allow for more AID into Gaza. Bloomberg's owner Aunt

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<v Speaker 2>says the humanitarian aid is critical for the people at Gaza.

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<v Speaker 5>The very first trucks that went in we're carrying cooking gas,

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<v Speaker 5>which obviously is very critical for more than two million

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<v Speaker 5>people are currently living in Gaza in what the UN

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<v Speaker 5>calls a dire humanitarian situation.

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<v Speaker 2>Bloomberg's owner Aunt reports Palestinians were emerging from temporary shelters

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<v Speaker 2>and crowded the streets as southern Gaza as the AID

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<v Speaker 2>trucks entered.

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<v Speaker 3>Back in the US, we want to bring you update

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<v Speaker 3>from the events that unfolded on the Rainbow Bridge at

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<v Speaker 3>Niagara Falls this week. New York Governor Kathy Hochel says

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<v Speaker 3>that bridge is back open after a car explosion on

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<v Speaker 3>Wednesday killed two people and closed that crossing between the

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<v Speaker 3>US and Canada. Hockel says there is no sign of

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<v Speaker 3>terrorism so far. She adds a suspect of ties to

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<v Speaker 3>Western New York has been identified. Investigation will determine if

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<v Speaker 3>the blast was intentional or an accident.

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<v Speaker 2>The holiday shopping season kicks into full swing today, with

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<v Speaker 2>shoppers searching for Black Friday and Cyber Monday deals. Deloitte

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<v Speaker 2>Saniel Thanksgiving survey. He finds consumers plan on spending and

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<v Speaker 2>average almost five hundred and seventy dollars on both days.

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<v Speaker 2>That's up thirteen percent from last year. And Bert Flickinger

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<v Speaker 2>managed Rector with Strategic Resource Groups. As shoppers are feeling confident, however,

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<v Speaker 2>they're using a new tool this shopping season.

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<v Speaker 6>It's going to be by now, pay later. Fifteen percent

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<v Speaker 6>of all purchases will be that way, and consumers are

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<v Speaker 6>still taking on credit card debt, but sixty three percent

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<v Speaker 6>of consumers will be buying with debit card and trying

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<v Speaker 6>to put less on credit as interest rates have climbed

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<v Speaker 6>and the average household has seventeen thousand and revolving unpaid

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<v Speaker 6>credit card debt.

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<v Speaker 2>Bert Flickinger with Strategic Resource Groups. As many consumers plan

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<v Speaker 2>to do much of the shopping during Black Friday and

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<v Speaker 2>Cyber Monday in order with their spending.

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<v Speaker 3>Limits, traders are going to be following the traditional kickoff

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<v Speaker 3>of the holiday shopping season today as well as SMP

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<v Speaker 3>Global Manufacturing PMI data that comes after the Eco data

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<v Speaker 3>dump we saw on Wednesday. It showed a drop in

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<v Speaker 3>jobless claims and expectations that inflation will climb from the

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<v Speaker 3>University of Michigan sentiment poll. The bond market is open

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<v Speaker 3>till two pm Wall Street time today, and the New

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<v Speaker 3>York Stock Exchange and the Nasdaq close at one.

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<v Speaker 2>And we're also following financial news in Europe this morning.

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<v Speaker 2>Starting in the banking sector, Barkley's aiming to reduce costs

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<v Speaker 2>by as much as one point three billion dollars over

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<v Speaker 2>the next several years and could cut up to two

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<v Speaker 2>thousand back office jobs that's about two percent of its workforce.

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<v Speaker 2>This according to a report from Reuter's. Bloomberg's Jenny Serdaine

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<v Speaker 2>says investors are looking for a renewed strategy after a

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<v Speaker 2>disappointing third quarter.

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<v Speaker 7>I think a lot of this is driven by investors

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<v Speaker 7>just really being unhappy with how this company has been run.

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<v Speaker 7>And so you've got you know, vin Kata Krishnan, their CEO,

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<v Speaker 7>who's really looking at trying to take some big, bold

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<v Speaker 7>moves here and promising that he's going to have a

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<v Speaker 7>strategy update that will really make clear how to bring

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<v Speaker 7>Barklays out of this position that they're in.

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<v Speaker 2>Bloomberg's Jenny Strain says Barkleys could make more cuts in

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<v Speaker 2>other areas outside the back office. Barkley's share is down

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<v Speaker 2>about eleven and a half percent this year.

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<v Speaker 3>And checking those shares now John they're up about a

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<v Speaker 3>half percent in the pre market in London. Staying in Europe,

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<v Speaker 3>the economic picture is getting darker in Germany. The German

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<v Speaker 3>government is suspending a constitutional limit on net new borrowing

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<v Speaker 3>for a fourth straight year as it struggles to recover

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<v Speaker 3>from an energy induced downturn last winter. This move to

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<v Speaker 3>lift the so called debt break will be part of

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<v Speaker 3>a revised twenty twenty three budget. Chancellor Olof Schultz's government

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<v Speaker 3>was forced into a radical budget overhaul after a ruling

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<v Speaker 3>last week from the nation's top court.

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<v Speaker 2>And turning to Asia, the Chinese government ramping up pressure

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<v Speaker 2>on banks to support struggling real estate developers. Bloomberg's David

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<v Speaker 2>English has more.

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<v Speaker 8>We here, trying to may allow banks to offer unsecured

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<v Speaker 8>short term loans to qualified developers for the first time.

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<v Speaker 8>These so called working capital loans would offer funds for

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<v Speaker 8>day to day operations. The loans are different from other

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<v Speaker 8>types of debt that require land or assets as collateral.

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<v Speaker 8>We reported that authorities are finalizing this list of developers

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<v Speaker 8>eligible for that aid. Sources say the list includes Country

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<v Speaker 8>Garden and sign a Ocean Group. Country Garden shares jump

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<v Speaker 8>twenty four percent yesterday on word that it was included

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<v Speaker 8>in that list in Hong Kong. I'm David Ingliss Bloomberg Radio.

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<v Speaker 3>Okay, David, thanks to earlier this week, oh Peck plus

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<v Speaker 3>pushback and gathering to finalize output levels for next year

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<v Speaker 3>by four days to November thirtieth. Now, the group says

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<v Speaker 3>that meeting will take place online and now it's time

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<v Speaker 3>to take a look at some of the other stories

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<v Speaker 3>making news around the world with Bloomberg's Michael Barr.

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<v Speaker 9>Good Morning, Michael, Good Morning, Nathan and Ireland. Violent clashes

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<v Speaker 9>broke out in central Dublin after a five year old

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<v Speaker 9>girl was seriously injured in a NiFe attack that also

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<v Speaker 9>saw a woman and two other young children hospitalized. Police

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<v Speaker 9>and the attack happened near a school. Soon after, at

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<v Speaker 9>least one hundred people took to the street, some armed

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<v Speaker 9>with metal bars. Police said. Over four hundred officers, including

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<v Speaker 9>many and riot gear were deployed in Dublin city center

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<v Speaker 9>to contain the unrest. The head of the Irish Police

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<v Speaker 9>Guarded Commissioner Drew Harris.

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<v Speaker 10>We have a complete lunatic hooligan faction driven by far

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<v Speaker 10>right ideology, and also then this disruptive tendency here engaged

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<v Speaker 10>in serious violence.

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<v Speaker 9>Commissioner Harris says a person of interest, a man in

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<v Speaker 9>his fifties, was arrested at the scene. New York City

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<v Speaker 9>Mayor Eric Adams has been accused of sexually assaulting a

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<v Speaker 9>woman in nineteen ninety three. The three page legal document

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<v Speaker 9>does not contain details of the alleged assault. Adams denied

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<v Speaker 9>the allegations.

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<v Speaker 11>Absolutely not true.

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<v Speaker 4>You know, I would never do anything to anyone, and

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<v Speaker 4>it's just really.

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<v Speaker 9>Say, you know, my career.

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<v Speaker 4>Speaks for itself.

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<v Speaker 9>The suit comes just hours before New York's Adult Survivor's

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<v Speaker 9>Act expires, which eliminates the statute of limitations for accusers

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<v Speaker 9>of sexual abuse to come forward. The filing seeks a

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<v Speaker 9>trial and five million dollars in relief. Evacuation orders have

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<v Speaker 9>been lifted near the scene of a tank or train

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<v Speaker 9>derailment in eastern Kentucky. The trains operator CSXAS sixteen cars

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<v Speaker 9>went off the rails Wednesday afternoon near the small town

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<v Speaker 9>of Livingstone, Dustin Heiser with Kentucky Emergency management throughout this

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<v Speaker 9>entire event.

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<v Speaker 1>The safety of the public has been our number one concern.

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<v Speaker 9>The derailment sent dangerous fumes into the air. UN Secretary

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<v Speaker 9>General Antonio Guterrees is visiting Antarctica just before the COP

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<v Speaker 9>twenty eight climate talks begin. Gu Terras called the continent's

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<v Speaker 9>warming devastating warming air and ocean temperatures are causing Antarctic

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<v Speaker 9>ice to melt. Global News twenty four hours a day

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<v Speaker 9>and whenever you want it with Bloomberg News Now. I'm

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<v Speaker 9>Michael Barr, and this is Bloomberg Ninth It him Michael.

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<v Speaker 3>Thanks. You can get much more Bloomberg on your dashboard

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<v Speaker 3>car and get started with the Bloomberg Business App. Presented

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<v Speaker 3>by our sponsor, Interactive Brokers. Time now for the Bloomberg

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<v Speaker 3>Sports Update, brought to you by tri State Outing.

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<v Speaker 12>Good morning, Nathan, the NFL at the triple header on Thanksgiving,

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<v Speaker 12>the Packers knocking off the lines in Game one twenty

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<v Speaker 12>nine to twenty two of the Cowboys dominated the Commanders

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<v Speaker 12>in Game two opics and stays in the block.

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<v Speaker 11>That's to late on Hawker. Is that bliand news gott

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<v Speaker 11>it you streaking out the sideline?

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<v Speaker 3>He's not hol depeat.

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<v Speaker 11>If he does, he's gonna play the record of a gain.

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<v Speaker 11>He slipped through three Commanders defenders at clinics at out

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<v Speaker 11>and he scores. That is his fifth fix six of

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<v Speaker 11>the season.

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<v Speaker 12>That's courtesy of the Cowboys Radio Network, Dallas dominating the

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<v Speaker 12>Commanders forty five to ten in Dallas, while in Game

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<v Speaker 12>three is the forty nine Ers all over the Seattle

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<v Speaker 12>Seahawks thirty one to thirteen. Coming up today, kick off

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<v Speaker 12>at three pm Eastern Time at Mettlife Stadium in New Jersey.

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<v Speaker 12>It's the New York Jets hosting the Dolphins. New York

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<v Speaker 12>comes in losers of three straight. End has made a

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<v Speaker 12>quarterback change as Tim Boyle takes over for Zach Wilson.

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<v Speaker 12>Offensive coordinator Nathaniel Hackid talking about Boyle, he.

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<v Speaker 13>Has an unbelievable knowledge of the system. He has a

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<v Speaker 13>tenacity when it comes to his preparation. I mean, he NonStop,

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<v Speaker 13>from everything from every single drawing to every single thing

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<v Speaker 13>on the game sheet. He prepares truly like a starter

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<v Speaker 13>and has since day one.

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<v Speaker 12>That's courtesy of ny Jets dot Com. In the NBA,

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<v Speaker 12>a more in season tournament action. Today, the Knicks are

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<v Speaker 12>home for the Heat. The Celtics on the road of

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<v Speaker 12>the Magic. It's the Wizards playing at the Milwaukee Bucks.

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<v Speaker 12>The Warriors are hosting the San Antonio Spurs. That's your

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<v Speaker 12>Bloomberg Sports update. I'm Dan Schwarzman.

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<v Speaker 4>From coast to coast, from New York to San Francisco,

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<v Speaker 4>Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app,

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<v Speaker 4>and Bloomberg dot Com.

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<v Speaker 3>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We

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<v Speaker 3>continue to monitor developments in the Middle East, where the

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<v Speaker 3>first pause in fighting between Israel and Hummas in more

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<v Speaker 3>than six weeks appears to be holding, and it comes

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<v Speaker 3>after weeks of delicate talks aimed at releasing some of

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<v Speaker 3>the nearly two hundred and forty hostages that HUMMAS captured

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<v Speaker 3>in the deadly October seventh attack on Israel. For more,

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<v Speaker 3>we are joined by Bloomberg's Henry Mayer, who is part

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<v Speaker 3>of our team of reporters who has been covering this

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<v Speaker 3>war in the Gaza strip since it began. Henry, good morning.

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<v Speaker 3>Get us up to speed on developments thus far are

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<v Speaker 3>since it does look as though this truth is underway

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<v Speaker 3>and does appear to be holding.

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<v Speaker 14>Yes, good morning. Well, the truth started at about seven

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<v Speaker 14>o'clock in the morning local time, and they haven't been

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<v Speaker 14>any indications of any violations. And you know the importance

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<v Speaker 14>next stage is going to be the release of thirteen

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<v Speaker 14>hostages which are being held in Gaza currently. That is

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<v Speaker 14>expected at four pm local time, and on the same

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<v Speaker 14>day at thirty nine Palestinian prisoners. All of these are

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<v Speaker 14>women and people aged under the age of nineteen children

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<v Speaker 14>in the case of the hostages, and in the prisons

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<v Speaker 14>you're looking at youths aged under nineteen. So you know,

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<v Speaker 14>I can't stress how difficult this process has been to

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<v Speaker 14>even get where we are today. It took weeks of

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<v Speaker 14>very very difficult diplomacy, secret diplomacy. It broke down at

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<v Speaker 14>certain stages. But of course, you know the problem is

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<v Speaker 14>that it's for four days only today have been for

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<v Speaker 14>the Gaza residents two point one million of them who've

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<v Speaker 14>been living under daily bombardment for almost seven weeks. Today

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<v Speaker 14>they finally came out, They left the shelter, they were

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<v Speaker 14>able to walk around. But of course, at the back

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<v Speaker 14>of their minds is they know that this arrangement may

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<v Speaker 14>only last for four days, could be extended up to ten.

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<v Speaker 14>But we don't know that yet.

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<v Speaker 3>Before we get to what comes after, we do need

0:12:27.360 --> 0:12:30.959
<v Speaker 3>to continue to discuss what comes in the midst of

0:12:31.120 --> 0:12:34.400
<v Speaker 3>this pause. Part of this deal was to get more

0:12:34.520 --> 0:12:38.880
<v Speaker 3>humanitarian aid into Gaza as well. Have we seen signs

0:12:39.000 --> 0:12:40.040
<v Speaker 3>of progress there?

0:12:41.280 --> 0:12:44.120
<v Speaker 14>Yes, we have. You know, there are trucks which are

0:12:44.280 --> 0:12:48.520
<v Speaker 14>entering through the border with Egypt, the Rapha crossing. We

0:12:48.679 --> 0:12:53.560
<v Speaker 14>understand from HOMAS officials border officials they expect two hundred

0:12:54.040 --> 0:12:58.760
<v Speaker 14>trucks to enter Gaza today. This is significantly more than

0:12:59.000 --> 0:13:02.319
<v Speaker 14>has been allowed to Gaza in recent weeks, but it's

0:13:02.360 --> 0:13:05.840
<v Speaker 14>still much less than used to come prior to the war,

0:13:06.120 --> 0:13:08.800
<v Speaker 14>five hundred a day. So the amount of aid that

0:13:09.200 --> 0:13:13.439
<v Speaker 14>Gaza needs, you know, is way more than what is

0:13:13.520 --> 0:13:15.800
<v Speaker 14>going to becoming in the next few days. But obviously

0:13:16.160 --> 0:13:17.400
<v Speaker 14>it's a step in the right direction.

0:13:17.880 --> 0:13:20.560
<v Speaker 3>And what about the distribution of that aid, because We've

0:13:20.600 --> 0:13:24.840
<v Speaker 3>heard reports from the United Nations and other non governmental

0:13:24.960 --> 0:13:28.520
<v Speaker 3>organizations in the area that they have suffered through these

0:13:28.600 --> 0:13:31.480
<v Speaker 3>bombardments over the last several weeks as well. I mean,

0:13:31.520 --> 0:13:36.160
<v Speaker 3>what's the difficulty in getting aid into and distributed through

0:13:36.280 --> 0:13:39.120
<v Speaker 3>Gaza when we've seen so much destruction over the last

0:13:39.200 --> 0:13:39.800
<v Speaker 3>several weeks.

0:13:41.360 --> 0:13:44.240
<v Speaker 14>Well, obviously one of the greatest difficulties is the fact

0:13:44.320 --> 0:13:47.559
<v Speaker 14>that you have an active war zone and it's extremely

0:13:47.720 --> 0:13:53.040
<v Speaker 14>dangerous to move around. Secondly, there's an acute lack of fuel,

0:13:53.160 --> 0:13:57.280
<v Speaker 14>so Israel imposed a complete blockade on fuel deliveries initially,

0:13:57.760 --> 0:14:01.760
<v Speaker 14>and in the recent a week or so it has

0:14:01.840 --> 0:14:04.640
<v Speaker 14>been allowing in very small quantities of fuel to be

0:14:04.760 --> 0:14:10.520
<v Speaker 14>used only by the United Nations for transportation purposes. But

0:14:10.760 --> 0:14:13.880
<v Speaker 14>the quantities of fuel coming in the UNSA that they're

0:14:14.040 --> 0:14:19.080
<v Speaker 14>completely inadequate for its operations. So yeah, that is something

0:14:19.160 --> 0:14:21.360
<v Speaker 14>which is still a big problem in.

0:14:21.440 --> 0:14:23.760
<v Speaker 3>The time we have left, Henry, Let's talk about what

0:14:23.960 --> 0:14:27.120
<v Speaker 3>comes after this pause. We did hear from Israel's Prime Minister,

0:14:27.200 --> 0:14:29.240
<v Speaker 3>and we've heard from him several times that he does

0:14:29.400 --> 0:14:33.920
<v Speaker 3>not want the war to end even after this pause expires,

0:14:34.520 --> 0:14:36.640
<v Speaker 3>but he is under a lot of pressure, particularly from

0:14:36.640 --> 0:14:39.400
<v Speaker 3>the United States to at least change some of the

0:14:39.560 --> 0:14:43.200
<v Speaker 3>conduct of this war. What can we expect going forward.

0:14:44.640 --> 0:14:46.840
<v Speaker 14>I mean, I think that the pressure is only going

0:14:46.920 --> 0:14:49.760
<v Speaker 14>to increase, and it's not only international pressure, and you

0:14:49.840 --> 0:14:53.000
<v Speaker 14>mentioned the United States, that's very important. At the same time,

0:14:53.280 --> 0:14:56.479
<v Speaker 14>there's a domestic issue here, the issue of the hostages.

0:14:57.080 --> 0:15:00.320
<v Speaker 14>Two hundred and forty were taken into Gaza until now

0:15:00.480 --> 0:15:03.440
<v Speaker 14>only a handful have been released. Fifty are going to

0:15:03.520 --> 0:15:06.000
<v Speaker 14>be set free over the next four days. Some of

0:15:06.040 --> 0:15:08.480
<v Speaker 14>these people are going to be giving interviews, They are

0:15:08.560 --> 0:15:12.479
<v Speaker 14>going to you know, the public awareness of the hostagism

0:15:12.560 --> 0:15:14.720
<v Speaker 14>and the kind of conditions in which they are living

0:15:14.800 --> 0:15:17.480
<v Speaker 14>in Gaza is going to be accentuated, and I think

0:15:17.600 --> 0:15:19.920
<v Speaker 14>that is going to be something that will weigh very

0:15:20.000 --> 0:15:23.600
<v Speaker 14>heavily on the Israeli government. Probably not sufficient to get

0:15:23.640 --> 0:15:26.400
<v Speaker 14>them to stop the conflict at this stage, but I

0:15:26.520 --> 0:15:28.560
<v Speaker 14>think we are getting closer to that point.

0:15:30.920 --> 0:15:33.800
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