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

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Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

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Speaker 2: are the stories we're following today.

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Speaker 3: Karen, we begin with breaking developments in the Middle East.

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Speaker 3: Israel and Hamas have reached a deal for the release

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Speaker 3: of all hostages held in Gaza. It is a major

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Speaker 3: step toward ending the two year war. Bloomberg Middle East corresponded.

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Speaker 3: Jumana Barsechi is here with the very latest but.

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Speaker 4: Major breakthrough that we walked into this morning. As ever,

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Speaker 4: President Trump took to truth Social to announce it. He

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Speaker 4: said that both sides, Israel and Hamas, had agreed to

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Speaker 4: the first phase of the peacedale, which would entail the

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Speaker 4: release of the outstanding hostages. There are twenty thought to

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Speaker 4: still be alive at twenty eight deceased in exchange for

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Speaker 4: Palestinian prisoners, alongside a withdrawal of the idea to a

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Speaker 4: pre agreed line. So still a lot of questions, but

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Speaker 4: a major diplomatic breakthrough and indeed an emotional moment as

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Speaker 4: well for many of the region. The families of hostages

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Speaker 4: have been celebrating at Tel Aviv, and many Palestinians also

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Speaker 4: very keen to see the end of two years of

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Speaker 4: destruction with huge humanitarian loss.

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Speaker 5: Bloomberg Strewmanier said.

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Speaker 3: She says as part of the deal, Israel will release

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Speaker 3: jailed Palestinians and allow a ramp up of aid supplies

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Speaker 3: to Gaza.

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Speaker 2: Attend to France now, Nathan, where President Emmanuel mccran says,

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Speaker 2: you will name a new prime minister by tomorrow evening

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Speaker 2: and we get the very latest in Parish at Bloomberg

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Speaker 2: Daybreak Europe anchor Stephen Carroll, Stephen, good morning.

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Speaker 6: Good morning, Karen and Nathan. So, another political deadline looms

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Speaker 6: in France after two days of intense talks with political leaders.

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Speaker 6: The outgoing Premier Sebastian Lecrn, who said last night there

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Speaker 6: was a path to passing a budget and crucially he

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Speaker 6: said there was a majority in Parliament who don't want

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Speaker 6: an election. So that leaves President Macron searching for his

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Speaker 6: sixth prime minister in two years. That person will have

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Speaker 6: to get parties from the center left to the center

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Speaker 6: right to agree one key issue, suspending controversial pension reforms

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Speaker 6: which were passed two years ago. That's the main task

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Speaker 6: facing the next Prime minister, who'll then have to try

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Speaker 6: again to shepherd a budget agreement through a fractured National

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Speaker 6: Assembly in Paris at Stephen Carrol Bloomberg Radio.

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Speaker 3: Stephen, thank you now to the latest on the US

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Speaker 3: government shutdown.

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Speaker 5: It's now into its ninth day.

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Speaker 3: Both Republicans and Democrats remain dug in on their demands

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Speaker 3: for a clean stopgap spending bill on the GOP side

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Speaker 3: and extended healthcare subsidies for Democrats. House Speaker Mike Johnson

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Speaker 3: tells Bloomberg's Balance of Power, the debate over healthcare can wait.

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Speaker 7: That's a December thirty one policy issue. We were always

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Speaker 7: going to negotiate that and debate it and deliberate over

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Speaker 7: it in October November. That always has been on the

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Speaker 7: schedule and they know that. But they're trying to pretend

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Speaker 7: that's the issue of the day.

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Speaker 5: It's not. It's a red herring. It's a distraction.

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Speaker 3: And as the shutdown continues, the White House is considering

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Speaker 3: a plan to withhold back pay for some furloughed federal

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Speaker 3: workers after the government reopens.

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Speaker 5: Johnson says he has not studied that plan.

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Speaker 7: It has always been my understanding that the law requires

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Speaker 7: workers received back, and of course that's been the tradition,

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Speaker 7: and I'm not sure exactly what the President is referring

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Speaker 7: to there there. I haven't had a chance to talk

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Speaker 7: to him about that specific issue yet, but we will.

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Speaker 3: That was House Speaker Mike Johnson on Bloomberg's balance of

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Speaker 3: power and stay with Bloomberg. We'll hear from the other

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Speaker 3: side of the aisle later this morning when House Minority

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Speaker 3: Leader Hakim Jeffries joins us on Bloomberg's surveillance. That's coming

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Speaker 3: up in the eight am hour Wall Street Time on

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Speaker 3: Bloomberg Radio and Television and the Bloomberg Podcast page on YouTube.

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Speaker 2: Well, Nathan, we have new developments this morning on the

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Speaker 2: global trade war. China has unveiled new curbs on its

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Speaker 2: rare earth exports, citing national security grounds. The curbs mirror

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Speaker 2: Washington's own export regime, which bans Chinese companies from accessing

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Speaker 2: cutting edged chips and the tools to make them. The

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Speaker 2: provocative move comes as the US and Chinese presidents prepared

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Speaker 2: to sit down at a summit in South Korea to

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Speaker 2: hammer out a trade deal between the world's biggest economies.

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Speaker 3: Trade of markets now, Karen, both stocks and gold are

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Speaker 3: both coming off a session of record highs.

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Speaker 5: Let's get the very latest with Bloomberg's Tucker. I've heard

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Speaker 5: this before, John.

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Speaker 8: Yeah, if you're taking notes, this is the thirty third

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Speaker 8: record this year, with the S and P five hundred

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Speaker 8: surpassing sixty seven to fifty. Now since the April lows, Nathan,

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Speaker 8: the S and P five hundred is up thirty one

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Speaker 8: percent of the Nasdaq has gained forty five percent, and

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Speaker 8: as momentum chasing traders pile into stocks. Some worry this

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Speaker 8: is a bubble. Ron Temple is the chief market strategist

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Speaker 8: at Lazard.

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Speaker 5: Now, I do worry.

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Speaker 2: That we're seeing signs of what looks like a bit

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Speaker 2: of a speculative melt up.

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Speaker 5: I mean, maybe that's an.

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Speaker 9: Overstatement of what we see so far, but it does.

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Speaker 10: When I look across asset classes, it's very hard to

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Speaker 10: find any asset class that looks cheap.

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Speaker 8: Right now. The current bullmarket run will mark three years

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Speaker 8: on Sunday. The bull run isn't limited to stocks. Gold

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Speaker 8: holding about four thousand dollars anounced this morning, just short

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Speaker 8: of Wednesday's all time peak in New York on John

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Speaker 8: Tucker Bloomberg Radio.

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Speaker 2: All right, John, thank you. In company news, the US

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Speaker 2: has approved several billion dollars worth of Nvidia chip exports

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Speaker 2: to the United Arab Emirates. The US officials says the

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Speaker 2: approval came after the UAE made concrete plans for a

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Speaker 2: reciprocal amount of investment on American soil. The licenses marked

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Speaker 2: the first permits for Nvidia AI chip sales to the

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Speaker 2: UAE since President Trump took office.

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Speaker 3: In Europe, caarent shares of HSBC are down nearly seven percent.

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Speaker 3: The London based lender plans to take Hangsng Bank private

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Speaker 3: and a major bet on the future of Hong Kong.

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Speaker 3: HSBC is spending fourteen billion dollars to buy the third

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Speaker 3: of Hanksanng it doesn't already own. In a Bloomberg interview,

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Speaker 3: CEO Georgio Henri said it will deliver shareholder value.

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Speaker 11: This is an investment for growth. This is an investment

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Speaker 11: in Hong Kong, one of our home markets and one

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Speaker 11: of our key markets. Hanksng is an iconic bank in

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Speaker 11: Hong Kong. It's a leading local bank. It has a

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Speaker 11: fantastic customer franchise, have a very strong financial position. And

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Speaker 11: the idea here is to effectively take private Hanksng.

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Speaker 3: Man to keep its capital ratio within range. HSBC CEO

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Speaker 3: George Hendrie says the bank will refrain from buybacks for

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Speaker 3: the next three quarters.

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Speaker 2: Entertainment News Now Nathan, in an exclusive interview with Bloomberg,

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Speaker 2: comedian Jimmy Kimmel thought his Late Night show was over

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Speaker 2: following comments he made over the assassination of Charlie Kirk

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Speaker 2: and Bloomberg's Lisa Matteo joins us with more Lisa, good morning.

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Speaker 12: Good morning, Karen.

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Speaker 2: Yeah.

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Speaker 12: It was his first long form interview since returning to

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Speaker 12: the year. At Bloomberg's screen time event, Kimmel he pointed

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Speaker 12: the finger at right wing media networks, who, he said,

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Speaker 12: quote intentionally and maliciously mischaracterized his comments about the killing

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Speaker 12: of political activist Charlie Kirk. Now, Kimmel reflected on the

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Speaker 12: show being suspended and then returning to the air.

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Speaker 10: I hope that we drew a really, really bold red

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Speaker 10: line as Americans about what we will and will not accept.

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Speaker 13: I mean, I really hope that that's what comes out.

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Speaker 5: Of all of us.

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Speaker 2: Now.

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Speaker 12: Aside from that, Kimmell also talked about the state of

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Speaker 12: late night TV and its viewership.

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Speaker 13: We'll still have five six million people watching the show

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Speaker 13: every night.

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Speaker 5: That's a lot of people. I mean, that's more than

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Speaker 5: most of the primetime shows.

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Speaker 12: Now, the big question of the night that was whether

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Speaker 12: the talk show host would have FCC Chairman Brendan Carr

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Speaker 12: or President Donald Trump as guests on Jimmy Kimmel Live. Well,

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Speaker 12: Kimmel said he probably would pass on Car, but he

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Speaker 12: would love to have the President on the show. Kimmel's

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Speaker 12: contract up in May. He did not say whether he

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Speaker 12: will continue hosting the show after that. Lisa Matteo Bloomberg Radio.

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Speaker 2: Time Now 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: and for that we're joined by Bloomberg's Michael Barr.

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Speaker 5: Michael, Good Morning, Good Morning Karen.

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Speaker 13: The second and final debate took place last night between

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Speaker 13: the two candidates running to be New Jersey's governor, Democrat

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Speaker 13: Mikey Cheryl and Republican Jack Chiccarelli. During the debate aired

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Speaker 13: on ABC seven, appointed exchange came after Cheryl said Chitdarelli

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Speaker 13: made millions by working with some of the worst offenders

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Speaker 13: and saying that opioids were safe.

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Speaker 2: As these opioid companies made billions. Tens of thousands of

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Speaker 2: New Jersey ands died.

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Speaker 11: Mister Chitdawelly.

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Speaker 5: First of all, shame on you. Second of all, shame

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Speaker 5: on you, sir, Shame on you.

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Speaker 14: During the Biden administration, she had no problem whatsoever with

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Speaker 14: tens of thousands of people crashing our border each and

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Speaker 14: every day, not knowing what.

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Speaker 5: Impact they had in our communities.

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Speaker 14: With regard to fentanyl crisis, fentanyl abuse, fetanyl distribution, vaccination rates,

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Speaker 14: and alike.

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Speaker 13: They also sparred on how to make living in New

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Speaker 13: Jersey more affordable. Authorities have charged a twenty nine year

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Speaker 13: old man with starting the January fire that destroyed Los Angeles'

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Speaker 13: Pacific Palisades. Neighborhood official say Jonathan Rendernecked was arrested in Florida.

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Speaker 13: He based his charges, including malicious destruction in a New

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Speaker 13: Year's Day fire that burned down much of the Pacific

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Speaker 13: Palisades a week later. US Attorney Billesley said the suspect

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Speaker 13: was working as an uber driver when he set the blaze.

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Speaker 9: It smoldered underground for about a week until on January seventh,

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Speaker 9: heavy wins caused this underground fire to surface and spread

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Speaker 9: above ground.

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Speaker 13: US Attorney Bill Assailate the Palisades fire killed twelve people

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Speaker 13: and destroyed more than sixty eight hundred structures. Former FBI

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Speaker 13: Director James Comby has pleaded not guilty the federal charges

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Speaker 13: he lined to Congress. Combe's lawyers said they will seek

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Speaker 13: a dismissal on the grounds of selective and vindictive prosecution,

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Speaker 13: saying this case is being brought at the direction of

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Speaker 13: President Trump. Global News twenty four hours a day and

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Speaker 13: whenever you wanted with the Bloomberg News. Now, I'm Michael Barr,

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Speaker 13: and this is Bloomberg Car.

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Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and

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Speaker 2: for that we bring in John stash Hour.

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Speaker 5: As there in.

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Speaker 10: The Toronto Blue Jays the first team to advance the

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Speaker 10: league championship series. They beat the Yankees in New York

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Speaker 10: five to two. They won the series three games to one.

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Speaker 10: Three other teams stayed alive. Detroit with a nine to

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Speaker 10: three will over Seattle. They'll have a decisive game five tomorrow.

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Speaker 10: The Phillies beat the Dodgers eight to two. The Cubs

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Speaker 10: beat the Ruers four to three. The Dodgers and Brewers

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Speaker 10: still have two games to one series leads WNBA Finals.

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Speaker 10: Las Vegas got a shot from Ajah Wilson with less

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Speaker 10: than a second ago and won ninety to eighty eight

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Speaker 10: at Phoenix. The Yaces lead the series three. Nothing that's

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Speaker 10: your Bloomberg Sports Update.

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Speaker 2: Stay with us more from Bloomberg day Break coming up after.

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Speaker 1: This Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 1: and around the world on Bloomberg dot Com and the

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Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 5: Good morning, I'm Nathan Hager.

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Speaker 3: And if October seventh is remembered in Israel as a

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Speaker 3: day of terror, October eighth could be marked as a

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Speaker 3: day of relief. Israel and Hamas have reached a deal

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Speaker 3: to release all remaining hostages two years in a day

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Speaker 3: after the attack that's sparked all out war in Gaza.

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Speaker 3: President Trump is celebrating this moment.

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Speaker 14: The whole world came together to be honest to so

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Speaker 14: many countries that he wouldn't be even thought of it,

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Speaker 14: and they came together.

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Speaker 7: The world has come together around this deal.

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Speaker 3: That was President Trump in an interview on Fox's Hannity

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Speaker 3: last night. This morning, we're joined by Bloomberg Horizons anchored

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Speaker 3: Jumana Barsechi in Dubai Jumana, Good morning. We have seen

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Speaker 3: the scenes of celebration in Tel Aviv. Walk us through

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Speaker 3: exactly what has been agreed to and at least this

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Speaker 3: first part of the deal.

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Speaker 4: Yeah, beyond the diplomatic breakthrough, also a hugely human and

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Speaker 4: sentimental moment as well for those the families of the

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Speaker 4: hostages who've been waiting for two years now for the

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Speaker 4: release of their family members. Brings hopefully an end to

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Speaker 4: a devastating war in the region. But what we know

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Speaker 4: is that only phase one of the peace deal has

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Speaker 4: been agreed to by Israel by Hamas, and this was

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Speaker 4: confirmed subsequently by comments put out by Israel, Hamas and

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Speaker 4: the mediators including Katar too. It's been welcomed by ourb

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Speaker 4: states in the region and it entails a release of

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Speaker 4: the hostages who are still being held in captivity twenty

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Speaker 4: still thought to be alive as long, alongside the remains

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Speaker 4: of others who died in captivity thought to be twenty eight.

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Speaker 4: That would happen in exchange for Palestinian prisoners around two

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Speaker 4: thousand in total, and one of the topics that has

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Speaker 4: been under negotiation the last couple of days is exactly

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Speaker 4: agreeing to who on the Palestinian side, which prisoners would

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Speaker 4: be amiable to this or be acceptable rather for the

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Speaker 4: release and for this exchange. It also entails the withdrawal

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Speaker 4: of Israeli forces to predefined lines, and just a short

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Speaker 4: while ago IDEF had said that they had begun operationally

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Speaker 4: to prepare for the withdrawal to a pre agreed line.

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Speaker 4: We don't know what that line is, but some of

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Speaker 4: the bigger questions regarding Hama's disarmament, regarding future governance, and

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Speaker 4: regarding future reconstruction of the Gaza strip remain unanswered. But

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Speaker 4: definitely a very positive first step in the right direction.

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Speaker 3: And still an unanswered question, isn't there as to whether

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Speaker 3: the Israeli cabinet will agree to this deal as well?

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Speaker 3: That's still it remains to be seen, doesn't it.

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Speaker 4: It does remain to be seen. They're going to be

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Speaker 4: voting on it later this afternoon, around four or five

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Speaker 4: pm local time, and the expectation is that it will pass.

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Speaker 4: So already we're hearing that the Finance Minister's magic will

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Speaker 4: vote against it. But I think there is a lot

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Speaker 4: of pressure also domestically internally to bring about an end

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Speaker 4: to this not least because it is the biggest opportunity

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Speaker 4: yet since the war to secure the release of all

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Speaker 4: of the hostages in one go. And earlier you were

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Speaker 4: referencing these celebrations that were taking place at Hostage Square

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Speaker 4: in Tel Aviv. The view there is that this really

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Speaker 4: is the opportunity to bring about the release of those

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Speaker 4: who have been held in captivity for the last two years.

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Speaker 4: I should say also that technically the c squire is

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Speaker 4: likely to go into effect right now, right around now,

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Speaker 4: and they had cited around twelve pm local as the

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Speaker 4: time that it would go into effect, waiting for conformation

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Speaker 4: of that. But that would be one single in the

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Speaker 4: right direction, and that both sides preparing for the implementation

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Speaker 4: of the ceasefire and those exchange of hostages for prisoners.

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Speaker 3: In our last minute jumana, what comes next? As we

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Speaker 3: say this is a first phase toward a hopeful end

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Speaker 3: to the war in Gaza.

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Speaker 5: What more needs to be done? Well?

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Speaker 4: President Trump says that he is coming to the region

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Speaker 4: over the course of the weekend.

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Speaker 5: He is likely to go to.

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Speaker 4: Egypt A President Ceci offered an invitation to him to

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Speaker 4: come for the assigning. He's also expected to go to

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Speaker 4: Israel perhaps even deliver speech to the Kanasset, and that

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Speaker 4: should be around the time that the hostages are released.

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Speaker 4: He said in an interview over Fox News that that

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Speaker 4: should happen on Monday, by the latest. So that is

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Speaker 4: the first stage, and of course after that then it

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Speaker 4: becomes a question of full Hama's disarmament and the enforcement

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Speaker 4: of that disarmament. And only once that has taken place,

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Speaker 4: can then Israel be comfortable talking about withdrawal of IDF

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Speaker 4: forces to some of those pre agreed lines. So that's

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Speaker 4: the sequencing. Once that is done, then you can talk

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Speaker 4: about the future of guys and some of those bigger questions.

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