Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm John Tucker. Here are these
Speaker 2: stories we're following today.
Speaker 3: The first group of Israeli hostages is expected to leave
Speaker 3: the Gaza Strip soon in a deal that's meant to
Speaker 3: return fifty of the nearly two hundred and forty captives
Speaker 3: that Hamas took from Israel. Israel plans to release one
Speaker 3: hundred and fifty jailed Palestinians. All involved are women and
Speaker 3: people under the age of nineteen. This stop in fighting
Speaker 3: is intended to last for four days. It marks the
Speaker 3: first major lull in this war since it began October seventh.
Speaker 3: Israeli Prime Minister Benjamin Netanyah, who says the military offensive
Speaker 3: will go on after that.
Speaker 4: We hope to get this first tronch out and then
Speaker 4: we're committed to getting everyone out, but we'll continue with
Speaker 4: our fore aims namly to eradicate Kamas, because Kamas has
Speaker 4: already promised that they will do this again and again
Speaker 4: and again.
Speaker 3: Israeli Prime Minister Benjamin Netanyah, who says he has delivered
Speaker 3: that same message in a phone call to President Biden.
Speaker 2: We had along with a hostage release, the deal will
Speaker 2: also allow for more AID into Gaza. Bloomberg's owner Aunt
Speaker 2: says the humanitarian aid is critical for the people at Gaza.
Speaker 5: The very first trucks that went in we're carrying cooking gas,
Speaker 5: which obviously is very critical for more than two million
Speaker 5: people are currently living in Gaza in what the UN
Speaker 5: calls a dire humanitarian situation.
Speaker 2: Bloomberg's owner Aunt reports Palestinians were emerging from temporary shelters
Speaker 2: and crowded the streets as southern Gaza as the AID
Speaker 2: trucks entered.
Speaker 3: Back in the US, we want to bring you update
Speaker 3: from the events that unfolded on the Rainbow Bridge at
Speaker 3: Niagara Falls this week. New York Governor Kathy Hochel says
Speaker 3: that bridge is back open after a car explosion on
Speaker 3: Wednesday killed two people and closed that crossing between the
Speaker 3: US and Canada. Hockel says there is no sign of
Speaker 3: terrorism so far. She adds a suspect of ties to
Speaker 3: Western New York has been identified. Investigation will determine if
Speaker 3: the blast was intentional or an accident.
Speaker 2: The holiday shopping season kicks into full swing today, with
Speaker 2: shoppers searching for Black Friday and Cyber Monday deals. Deloitte
Speaker 2: Saniel Thanksgiving survey. He finds consumers plan on spending and
Speaker 2: average almost five hundred and seventy dollars on both days.
Speaker 2: That's up thirteen percent from last year. And Bert Flickinger
Speaker 2: managed Rector with Strategic Resource Groups. As shoppers are feeling confident, however,
Speaker 2: they're using a new tool this shopping season.
Speaker 6: It's going to be by now, pay later. Fifteen percent
Speaker 6: of all purchases will be that way, and consumers are
Speaker 6: still taking on credit card debt, but sixty three percent
Speaker 6: of consumers will be buying with debit card and trying
Speaker 6: to put less on credit as interest rates have climbed
Speaker 6: and the average household has seventeen thousand and revolving unpaid
Speaker 6: credit card debt.
Speaker 2: Bert Flickinger with Strategic Resource Groups. As many consumers plan
Speaker 2: to do much of the shopping during Black Friday and
Speaker 2: Cyber Monday in order with their spending.
Speaker 3: Limits, traders are going to be following the traditional kickoff
Speaker 3: of the holiday shopping season today as well as SMP
Speaker 3: Global Manufacturing PMI data that comes after the Eco data
Speaker 3: dump we saw on Wednesday. It showed a drop in
Speaker 3: jobless claims and expectations that inflation will climb from the
Speaker 3: University of Michigan sentiment poll. The bond market is open
Speaker 3: till two pm Wall Street time today, and the New
Speaker 3: York Stock Exchange and the Nasdaq close at one.
Speaker 2: And we're also following financial news in Europe this morning.
Speaker 2: Starting in the banking sector, Barkley's aiming to reduce costs
Speaker 2: by as much as one point three billion dollars over
Speaker 2: the next several years and could cut up to two
Speaker 2: thousand back office jobs that's about two percent of its workforce.
Speaker 2: This according to a report from Reuter's. Bloomberg's Jenny Serdaine
Speaker 2: says investors are looking for a renewed strategy after a
Speaker 2: disappointing third quarter.
Speaker 7: I think a lot of this is driven by investors
Speaker 7: just really being unhappy with how this company has been run.
Speaker 7: And so you've got you know, vin Kata Krishnan, their CEO,
Speaker 7: who's really looking at trying to take some big, bold
Speaker 7: moves here and promising that he's going to have a
Speaker 7: strategy update that will really make clear how to bring
Speaker 7: Barklays out of this position that they're in.
Speaker 2: Bloomberg's Jenny Strain says Barkleys could make more cuts in
Speaker 2: other areas outside the back office. Barkley's share is down
Speaker 2: about eleven and a half percent this year.
Speaker 3: And checking those shares now John they're up about a
Speaker 3: half percent in the pre market in London. Staying in Europe,
Speaker 3: the economic picture is getting darker in Germany. The German
Speaker 3: government is suspending a constitutional limit on net new borrowing
Speaker 3: for a fourth straight year as it struggles to recover
Speaker 3: from an energy induced downturn last winter. This move to
Speaker 3: lift the so called debt break will be part of
Speaker 3: a revised twenty twenty three budget. Chancellor Olof Schultz's government
Speaker 3: was forced into a radical budget overhaul after a ruling
Speaker 3: last week from the nation's top court.
Speaker 2: And turning to Asia, the Chinese government ramping up pressure
Speaker 2: on banks to support struggling real estate developers. Bloomberg's David
Speaker 2: English has more.
Speaker 8: We here, trying to may allow banks to offer unsecured
Speaker 8: short term loans to qualified developers for the first time.
Speaker 8: These so called working capital loans would offer funds for
Speaker 8: day to day operations. The loans are different from other
Speaker 8: types of debt that require land or assets as collateral.
Speaker 8: We reported that authorities are finalizing this list of developers
Speaker 8: eligible for that aid. Sources say the list includes Country
Speaker 8: Garden and sign a Ocean Group. Country Garden shares jump
Speaker 8: twenty four percent yesterday on word that it was included
Speaker 8: in that list in Hong Kong. I'm David Ingliss Bloomberg Radio.
Speaker 3: Okay, David, thanks to earlier this week, oh Peck plus
Speaker 3: pushback and gathering to finalize output levels for next year
Speaker 3: by four days to November thirtieth. Now, the group says
Speaker 3: that meeting will take place online and now it's time
Speaker 3: to take a look at some of the other stories
Speaker 3: making news around the world with Bloomberg's Michael Barr.
Speaker 9: Good Morning, Michael, Good Morning, Nathan and Ireland. Violent clashes
Speaker 9: broke out in central Dublin after a five year old
Speaker 9: girl was seriously injured in a NiFe attack that also
Speaker 9: saw a woman and two other young children hospitalized. Police
Speaker 9: and the attack happened near a school. Soon after, at
Speaker 9: least one hundred people took to the street, some armed
Speaker 9: with metal bars. Police said. Over four hundred officers, including
Speaker 9: many and riot gear were deployed in Dublin city center
Speaker 9: to contain the unrest. The head of the Irish Police
Speaker 9: Guarded Commissioner Drew Harris.
Speaker 10: We have a complete lunatic hooligan faction driven by far
Speaker 10: right ideology, and also then this disruptive tendency here engaged
Speaker 10: in serious violence.
Speaker 9: Commissioner Harris says a person of interest, a man in
Speaker 9: his fifties, was arrested at the scene. New York City
Speaker 9: Mayor Eric Adams has been accused of sexually assaulting a
Speaker 9: woman in nineteen ninety three. The three page legal document
Speaker 9: does not contain details of the alleged assault. Adams denied
Speaker 9: the allegations.
Speaker 11: Absolutely not true.
Speaker 4: You know, I would never do anything to anyone, and
Speaker 4: it's just really.
Speaker 9: Say, you know, my career.
Speaker 4: Speaks for itself.
Speaker 9: The suit comes just hours before New York's Adult Survivor's
Speaker 9: Act expires, which eliminates the statute of limitations for accusers
Speaker 9: of sexual abuse to come forward. The filing seeks a
Speaker 9: trial and five million dollars in relief. Evacuation orders have
Speaker 9: been lifted near the scene of a tank or train
Speaker 9: derailment in eastern Kentucky. The trains operator CSXAS sixteen cars
Speaker 9: went off the rails Wednesday afternoon near the small town
Speaker 9: of Livingstone, Dustin Heiser with Kentucky Emergency management throughout this
Speaker 9: entire event.
Speaker 1: The safety of the public has been our number one concern.
Speaker 9: The derailment sent dangerous fumes into the air. UN Secretary
Speaker 9: General Antonio Guterrees is visiting Antarctica just before the COP
Speaker 9: twenty eight climate talks begin. Gu Terras called the continent's
Speaker 9: warming devastating warming air and ocean temperatures are causing Antarctic
Speaker 9: ice to melt. Global News twenty four hours a day
Speaker 9: and whenever you want it with Bloomberg News Now. I'm
Speaker 9: Michael Barr, and this is Bloomberg Ninth It him Michael.
Speaker 3: Thanks. You can get much more Bloomberg on your dashboard
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Speaker 3: by our sponsor, Interactive Brokers. Time now for the Bloomberg
Speaker 3: Sports Update, brought to you by tri State Outing.
Speaker 12: Good morning, Nathan, the NFL at the triple header on Thanksgiving,
Speaker 12: the Packers knocking off the lines in Game one twenty
Speaker 12: nine to twenty two of the Cowboys dominated the Commanders
Speaker 12: in Game two opics and stays in the block.
Speaker 11: That's to late on Hawker. Is that bliand news gott
Speaker 11: it you streaking out the sideline?
Speaker 3: He's not hol depeat.
Speaker 11: If he does, he's gonna play the record of a gain.
Speaker 11: He slipped through three Commanders defenders at clinics at out
Speaker 11: and he scores. That is his fifth fix six of
Speaker 11: the season.
Speaker 12: That's courtesy of the Cowboys Radio Network, Dallas dominating the
Speaker 12: Commanders forty five to ten in Dallas, while in Game
Speaker 12: three is the forty nine Ers all over the Seattle
Speaker 12: Seahawks thirty one to thirteen. Coming up today, kick off
Speaker 12: at three pm Eastern Time at Mettlife Stadium in New Jersey.
Speaker 12: It's the New York Jets hosting the Dolphins. New York
Speaker 12: comes in losers of three straight. End has made a
Speaker 12: quarterback change as Tim Boyle takes over for Zach Wilson.
Speaker 12: Offensive coordinator Nathaniel Hackid talking about Boyle, he.
Speaker 13: Has an unbelievable knowledge of the system. He has a
Speaker 13: tenacity when it comes to his preparation. I mean, he NonStop,
Speaker 13: from everything from every single drawing to every single thing
Speaker 13: on the game sheet. He prepares truly like a starter
Speaker 13: and has since day one.
Speaker 12: That's courtesy of ny Jets dot Com. In the NBA,
Speaker 12: a more in season tournament action. Today, the Knicks are
Speaker 12: home for the Heat. The Celtics on the road of
Speaker 12: the Magic. It's the Wizards playing at the Milwaukee Bucks.
Speaker 12: The Warriors are hosting the San Antonio Spurs. That's your
Speaker 12: Bloomberg Sports update. I'm Dan Schwarzman.
Speaker 4: From coast to coast, from New York to San Francisco,
Speaker 4: Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app,
Speaker 4: and Bloomberg dot Com.
Speaker 3: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We
Speaker 3: continue to monitor developments in the Middle East, where the
Speaker 3: first pause in fighting between Israel and Hummas in more
Speaker 3: than six weeks appears to be holding, and it comes
Speaker 3: after weeks of delicate talks aimed at releasing some of
Speaker 3: the nearly two hundred and forty hostages that HUMMAS captured
Speaker 3: in the deadly October seventh attack on Israel. For more,
Speaker 3: we are joined by Bloomberg's Henry Mayer, who is part
Speaker 3: of our team of reporters who has been covering this
Speaker 3: war in the Gaza strip since it began. Henry, good morning.
Speaker 3: Get us up to speed on developments thus far are
Speaker 3: since it does look as though this truth is underway
Speaker 3: and does appear to be holding.
Speaker 14: Yes, good morning. Well, the truth started at about seven
Speaker 14: o'clock in the morning local time, and they haven't been
Speaker 14: any indications of any violations. And you know the importance
Speaker 14: next stage is going to be the release of thirteen
Speaker 14: hostages which are being held in Gaza currently. That is
Speaker 14: expected at four pm local time, and on the same
Speaker 14: day at thirty nine Palestinian prisoners. All of these are
Speaker 14: women and people aged under the age of nineteen children
Speaker 14: in the case of the hostages, and in the prisons
Speaker 14: you're looking at youths aged under nineteen. So you know,
Speaker 14: I can't stress how difficult this process has been to
Speaker 14: even get where we are today. It took weeks of
Speaker 14: very very difficult diplomacy, secret diplomacy. It broke down at
Speaker 14: certain stages. But of course, you know the problem is
Speaker 14: that it's for four days only today have been for
Speaker 14: the Gaza residents two point one million of them who've
Speaker 14: been living under daily bombardment for almost seven weeks. Today
Speaker 14: they finally came out, They left the shelter, they were
Speaker 14: able to walk around. But of course, at the back
Speaker 14: of their minds is they know that this arrangement may
Speaker 14: only last for four days, could be extended up to ten.
Speaker 14: But we don't know that yet.
Speaker 3: Before we get to what comes after, we do need
Speaker 3: to continue to discuss what comes in the midst of
Speaker 3: this pause. Part of this deal was to get more
Speaker 3: humanitarian aid into Gaza as well. Have we seen signs
Speaker 3: of progress there?
Speaker 14: Yes, we have. You know, there are trucks which are
Speaker 14: entering through the border with Egypt, the Rapha crossing. We
Speaker 14: understand from HOMAS officials border officials they expect two hundred
Speaker 14: trucks to enter Gaza today. This is significantly more than
Speaker 14: has been allowed to Gaza in recent weeks, but it's
Speaker 14: still much less than used to come prior to the war,
Speaker 14: five hundred a day. So the amount of aid that
Speaker 14: Gaza needs, you know, is way more than what is
Speaker 14: going to becoming in the next few days. But obviously
Speaker 14: it's a step in the right direction.
Speaker 3: And what about the distribution of that aid, because We've
Speaker 3: heard reports from the United Nations and other non governmental
Speaker 3: organizations in the area that they have suffered through these
Speaker 3: bombardments over the last several weeks as well. I mean,
Speaker 3: what's the difficulty in getting aid into and distributed through
Speaker 3: Gaza when we've seen so much destruction over the last
Speaker 3: several weeks.
Speaker 14: Well, obviously one of the greatest difficulties is the fact
Speaker 14: that you have an active war zone and it's extremely
Speaker 14: dangerous to move around. Secondly, there's an acute lack of fuel,
Speaker 14: so Israel imposed a complete blockade on fuel deliveries initially,
Speaker 14: and in the recent a week or so it has
Speaker 14: been allowing in very small quantities of fuel to be
Speaker 14: used only by the United Nations for transportation purposes. But
Speaker 14: the quantities of fuel coming in the UNSA that they're
Speaker 14: completely inadequate for its operations. So yeah, that is something
Speaker 14: which is still a big problem in.
Speaker 3: The time we have left, Henry, Let's talk about what
Speaker 3: comes after this pause. We did hear from Israel's Prime Minister,
Speaker 3: and we've heard from him several times that he does
Speaker 3: not want the war to end even after this pause expires,
Speaker 3: but he is under a lot of pressure, particularly from
Speaker 3: the United States to at least change some of the
Speaker 3: conduct of this war. What can we expect going forward.
Speaker 14: I mean, I think that the pressure is only going
Speaker 14: to increase, and it's not only international pressure, and you
Speaker 14: mentioned the United States, that's very important. At the same time,
Speaker 14: there's a domestic issue here, the issue of the hostages.
Speaker 14: Two hundred and forty were taken into Gaza until now
Speaker 14: only a handful have been released. Fifty are going to
Speaker 14: be set free over the next four days. Some of
Speaker 14: these people are going to be giving interviews, They are
Speaker 14: going to you know, the public awareness of the hostagism
Speaker 14: and the kind of conditions in which they are living
Speaker 14: in Gaza is going to be accentuated, and I think
Speaker 14: that is going to be something that will weigh very
Speaker 14: heavily on the Israeli government. Probably not sufficient to get
Speaker 14: them to stop the conflict at this stage, but I
Speaker 14: think we are getting closer to that point.
Speaker 1: This is Bloomberg day Break Today, your morning brief on
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