Speaker 1: Good morning.
Speaker 2: I'm Nathan Hager and I'm Amy Morris. Here are the
Speaker 2: stories we're following today.
Speaker 1: First, the latest developments out of the Middle East. Israel
Speaker 1: and Hamas are signaling that a temporary ceasefire could be
Speaker 1: extended beyond today. Under the current agreement, Hamas is releasing
Speaker 1: fifty hostages in exchange for one hundred and fifty Israeli
Speaker 1: held prisoners. President Biden says he's aiming for this break
Speaker 1: in fighting to continue.
Speaker 3: Critically, nay, today is going in and hostages are coming out,
Speaker 3: and there's still structured so that it can be extended
Speaker 3: to keep building on these results. That's my goal, that's
Speaker 3: our goal, to keep this pause going beyond tomorrow.
Speaker 1: When President Biden spoke yesterday with Israeli Prime Minister Benjamin Netanyahu,
Speaker 1: who signaled an extension was possible.
Speaker 2: Meanwhile, Israel is coming under increasing pressure to agree to
Speaker 2: an extension of a four day pause in it's war
Speaker 2: with Amas. We get more from Bloomberg's Simon Marx and
Speaker 2: Tel Aviv.
Speaker 4: Israel is under some pressure to continue to slow drip
Speaker 4: releasing hostages. There is still a lot of public pressure
Speaker 4: here to get many more released, and the families and
Speaker 4: the victims of the hostage families are still very active.
Speaker 2: Bloomberg. Simon mar says, so far Hamas has handed over
Speaker 2: fifty eight hostages, including non Israelis. It is slated to
Speaker 2: free another eleven Israelis today to fulfill the four day Agreement.
Speaker 1: And in Washington, the issue of Israeli aid maybe getting
Speaker 1: more complicated. Bloomberg zed Baxter has that story.
Speaker 5: Senator Chris Murphy is saying lawmakers should consider conditioning future
Speaker 5: aid to Israel based on compliance with international humanitarian law.
Speaker 6: I think there's both a moral cost to this, many civilians,
Speaker 6: innocent civilians, children often losing their life, but I think
Speaker 6: there's a strategic cost. Ultimately, Hamas will get stronger, not weaker,
Speaker 6: in the long run if all of this civilian death
Speaker 6: allows them to recruit more effectively, enablely inside Gaza.
Speaker 5: Murphy on CNN civilian death toll must stop, ed Baxter
Speaker 5: Bloomberg Radio, Thanks D.
Speaker 2: Another complicating factor in aid to Israel and Ukraine is
Speaker 2: a dispute over security at the southern border. Republicans in
Speaker 2: Congress want to tie foreign military assistance to tougher border policies.
Speaker 2: On NBC's Meet the Press House Intelligence Chair Mike Turner
Speaker 2: said it will be tough to pass the AID before
Speaker 2: the end of this year. While the issue remains unresolved.
Speaker 1: Man Amy events in the Middle East may be forcing
Speaker 1: President Biden to skip an event he's attended the past
Speaker 1: two years. According to The New York Times, a White
Speaker 1: House official says the President will not be at the
Speaker 1: COP twenty eighth Climate summit in Dubai. The official didn't
Speaker 1: say why, but senior aids are suggesting the Israel Hamas
Speaker 1: war has consumed the president in recent weeks.
Speaker 2: Meanwhile, Elon Musk will today meet with the Israel with
Speaker 2: Israel's Prime Minister and president, as well as representatives of
Speaker 2: the families of hostages held in Gaza. The closed door
Speaker 2: meeting appears to be an effort to diffuse a growing
Speaker 2: backlash over the billionaire's endorsement of an anti Semitic tweet.
Speaker 2: While Musk has drawn support from notable figures including hedge
Speaker 2: fund manager Bill Ackman, others, including British Prime Minister Rishi Sunek,
Speaker 2: say that Tesla and SpaceX chief should not be given
Speaker 2: a pass because of who he is.
Speaker 7: I don't tend to get in the business of scrutinizing
Speaker 7: what every single person says who I've interacted with. Of
Speaker 7: course I bore anti Semitism. It doesn't matter whether you're
Speaker 7: Elil Musk or you or someone on the street who's
Speaker 7: shouting abuse that someone who happens to be walking past you.
Speaker 7: That's wrong in all its forms. Antisemitism in all its
Speaker 7: forms is completely and utterly wrong.
Speaker 2: So next careful criticism comes just weeks after the British
Speaker 2: Prime Minister had a fireside conversation with Musk at the
Speaker 2: UKAI summit.
Speaker 1: Turning to markets, amy stocks are going higher. That's the
Speaker 1: call from Deutsche Bank. The firm's strategists, including Binkie Chata,
Speaker 1: predict the S and P five hundred will rally to
Speaker 1: a record fifty one hundred by the end of next year.
Speaker 1: That's about twelve percent above current levels. Chata says stock
Speaker 1: valuations are not high and earnings are growing solidly.
Speaker 2: Meanwhile, Wall Street it returns to work with lots of
Speaker 2: economic data and plenty of earnings reports. We get a
Speaker 2: preview from Bloomberg's Charlie Pellett.
Speaker 8: Tech earnings will be in focus this week, with z
Speaker 8: Scaler and crowd Strike holdings underscoring how businesses are prioritizing
Speaker 8: cybersecurity after recent high profile corporate hacks. Among the other
Speaker 8: technology companies reporting this week Salesforce and Dell. In New
Speaker 8: York Charlie Pellette Bloomberg Radio.
Speaker 1: Okay, Charlie, thanks for also keeping an eye on retailers today. Well,
Speaker 1: because it's cyber Monday. The huge online spending day comes
Speaker 1: after shoppers spend a record online on Black Friday. More
Speaker 1: on that from Bloomberg's Eddie vendor Wald.
Speaker 9: What we're seeing is that US consumers spend a record
Speaker 9: nine point one billion dollars online. That's according to Adobe Analytics.
Speaker 9: It's a record so far. But we're seeing two interesting trends.
Speaker 9: Number One, a lot of people are spending on buy now,
Speaker 9: pay later, and we are seeing them buying less luxury
Speaker 9: items with this spending. So it feels like the consumer
Speaker 9: is starting to feel the pitch and rather than going
Speaker 9: out spending big money is saying, look, this might be
Speaker 9: a good opportunity to start cutting back out of spending.
Speaker 1: Bloomberg's Eddie vander Walt says global Black Friday sales rose
Speaker 1: twenty two percent, led by clothing, personal care, and jewelry.
Speaker 2: The owner of TikTok is cutting jobs. Bye Dance plans
Speaker 2: to eliminate hundreds of positions in gaming and wind down
Speaker 2: at Showpee s brand Uverse. The closure marks by Dan's
Speaker 2: biggest retreat from a once booming gaming industry dominated by
Speaker 2: ten Cent and at smaller faux net Ease. Sources say
Speaker 2: the Chinese company intends to announce the cuts later today.
Speaker 2: Time now for a look at some of the other
Speaker 2: stories making news around the world, and for that we're
Speaker 2: joined by Bloomberg's John Tucker.
Speaker 10: Good morning Job, Hey, Good morning Amy. The US is
Speaker 10: investigating whether Iran was behind an incident in which missiles
Speaker 10: were fired near the Navy destroy USS Mason. The Mason
Speaker 10: intervene to stop the hijacking of a commercial cargo ship
Speaker 10: by pirates in the Gulf of Aidenere, Somalia on Sunday,
Speaker 10: after which two ballistic missiles were fired from Yemen tour
Speaker 10: the Navy destroyer. The ballistic missiles were fired from the
Speaker 10: part of Yemen controlled by Iranian backed Hutu rebels. They
Speaker 10: fell well short of the mark. We could be looking
Speaker 10: at a shakeup in the battery industry that's critical for
Speaker 10: the energy transition battery giants are starting to put their
Speaker 10: money on a new sodium based technology. Let's get more
Speaker 10: in this report from Bloomberg's Denise Pellegrini.
Speaker 11: Sodium from rock salt and brines is cheaper and way
Speaker 11: more abundant than the lithium widely used now in batteries.
Speaker 11: But in the past week alone, Sweden's Northfold said it
Speaker 11: made a breakthrough, and China's ev maker BYD signed a
Speaker 11: deal to build a one point four billion dollar sodium
Speaker 11: ion battery plant. Also, China's coatl said back in April
Speaker 11: at sodium based batteries would be used in some vehicles
Speaker 11: starting this year. This could all hit lithium demand Hardloomberg
Speaker 11: GETTYF has said sodium could cut hundreds of thousands of
Speaker 11: tons of lithium demand by twenty thirty five. Denise Pellegridy
Speaker 11: Bloomberg Radio.
Speaker 10: This post Thanksgiving travel rush could be won for the books.
Speaker 10: American Airlines said that it flew six and a half
Speaker 10: million customers over the holiday, the highest ever for the airline.
Speaker 10: Of this traveler at New York Liberty Airport spoke for
Speaker 10: many I travel.
Speaker 11: From California to New York back and forth all the time.
Speaker 2: I have never had this much of a weight.
Speaker 1: I don't know why.
Speaker 10: American says it had more than sixty one hundred departures
Speaker 10: Sunday and expects about six thousand flights today. The Biden
Speaker 10: administration today will announce a redoubling it measures to strengthen
Speaker 10: supply chains. It's creating a new White House Council on
Speaker 10: Supply Chain Resilience. The council will conduct a supply chain
Speaker 10: review mirroring similar strategic documents prepared for National Defense at
Speaker 10: Homeland Security. Global News twenty four hours a day and
Speaker 10: whenever you wanted with Bloomberg News Now. I'm John Tucker
Speaker 10: and this is Bloomberg Amy.
Speaker 2: All right, thank you, John. We bring you news throughout
Speaker 2: the day here on Bloomberg Radio. But now you can
Speaker 2: get the latest news on demand whenever you want it.
Speaker 2: Subscribe to Bloomberg News Now to get the latest headlines
Speaker 2: at the click of a button. Get informed on your schedule,
Speaker 2: and you can listen and subscribe to Bloomberg News Now
Speaker 2: on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify,
Speaker 2: and anywhere else you get your podcasts. Time now for
Speaker 2: our Bloomberg Sports Update and for that, we bring in
Speaker 2: John stash hour Amy.
Speaker 12: The game of the day was in Philadelphia. The Eagles
Speaker 12: trailed Buffalo by ten points in the fourth quarter, trailed
Speaker 12: by three with twenty seconds to go when Jake Elliott
Speaker 12: tied the game with a fifty nine yard field goal.
Speaker 12: Philly also trailed in overtime, but Jalen Hurt scored a
Speaker 12: touchdown and the Eagles beat the Bills thirty seven to thirty.
Speaker 8: Fourth.
Speaker 12: Philly is ten and one. The Bill's having a disappointing
Speaker 12: season at six and six. The Patriots having a really
Speaker 12: disappointing season.
Speaker 13: They are two to nine.
Speaker 12: Lost to the Giants ten to seven when Chad Ryland
Speaker 12: missed a thirty five yard field goal with three seconds
Speaker 12: to go. Ravens last night improved to nine and three.
Speaker 12: They beat the Chargers twenty to ten. The Steelers are
Speaker 12: seven and four, all seven wins by seven points or less.
Speaker 12: They've been outscored on the season, but Pittsburgh able to
Speaker 12: win at Cincinnati sixteen to ten. Bengals played without the
Speaker 12: injured quarterback Joe Burrow. Carolina dropped a one in ten,
Speaker 12: lost to Tennessee seventeen to ten. Indianapolis Street Tampa Bay
Speaker 12: twenty seven to twenty Michael Pittman had over one hundred
Speaker 12: yards in receptions. Two SEC schools with new football coaches
Speaker 12: at Texas A and m it's Mike Elko. He had
Speaker 12: been at Duke the last two years and the previous
Speaker 12: to that he was the Aggies defensive coordinator. Mississippi State's
Speaker 12: new coaches Jeff Levy, he had been the offensive cornator
Speaker 12: head Oklahoma. Another f one win for Max first staff
Speaker 12: and that's nineteen out of twenty two races. That's the
Speaker 12: most ever. Celtics still on beating at home. They beat
Speaker 12: the Hawks one thirteen to one of three. Jason Tatum
Speaker 12: score thirty four. Johns dash that We're Bloomberg Sport.
Speaker 13: From coast to coast, from New York to San Francisco,
Speaker 13: Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg
Speaker 13: Business app, and Bloomberg dot Com.
Speaker 1: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Today
Speaker 1: is scheduled to be the final full day of a
Speaker 1: four day truce between Israel and Hamas, but after the
Speaker 1: release of dozens of hostages from Gaza, including a four
Speaker 1: year old American Israeli girl. Both sides are now signaling
Speaker 1: this pause could be extended. And for the latest, we're
Speaker 1: joined from Tel Aviv by Bloomberg News reporter Simon Marx. Simon,
Speaker 1: good morning. What is the likelihood that we could see
Speaker 1: an extension given the number of hostages that have been
Speaker 1: released so far?
Speaker 4: Well, so far, the chances of this taking place seem
Speaker 4: to be making some good progress. Hamas has released a
Speaker 4: statement saying that in theory they would have greed to
Speaker 4: an extension, and Israel, for the whole way along this
Speaker 4: current truce, has said that it would be open to
Speaker 4: further days, So we're talking about ten per day for
Speaker 4: up to ten days. You know, diplomats in the city
Speaker 4: do expect that we will see one or two more days.
Speaker 4: It's a little unclear whether we're going to get to
Speaker 4: the full ten. But there is obviously a lot of
Speaker 4: pressure on the government of Benjamin Netta and Yahoo to
Speaker 4: continue the release of the hostages, with the families still
Speaker 4: campaigning and very vocal on this front.
Speaker 1: Yeah, that's happening on the outside. Talk a little bit
Speaker 1: more about as well, the behind the scenes pressure that's
Speaker 1: happening with Israel and Hamas to potentially secure a further ceasefire.
Speaker 10: Yeah.
Speaker 4: I think the main reason for this is that the
Speaker 4: international community would like to see more aid get into Gaza. Obviously,
Speaker 4: the strip has been pounded for weeks now, there's still
Speaker 4: at least one hundred thousand people in the north with
Speaker 4: very very limited access to any form of humanitarian care,
Speaker 4: and then in the south you've got over a million
Speaker 4: displaced people in you know, really devastating conditions. So there
Speaker 4: were two hundred trucks that managed to get over the
Speaker 4: border from Egypt on Sunday. There's been about two thousand
Speaker 4: in total. But the hope is is that increases a
Speaker 4: lot a lot more in the coming days.
Speaker 1: What's the feeling about whether there is enough aid going
Speaker 1: in right now and whether that aid could potentially be
Speaker 1: used to support Hamas. There has to still be that
Speaker 1: concern among the Israelis, right, Yeah.
Speaker 4: Of course, And you know, this is part of the
Speaker 4: reason why the bureaucracy around getting trucks in, the checks
Speaker 4: and balances from the Israelis were so stern and and
Speaker 4: it's also part of the reason why getting aid in
Speaker 4: was actually difficult in the beginning. That it does seem
Speaker 4: in recent days to have opened up. There is this
Speaker 4: notion that, you know, if Israel is to continue its
Speaker 4: ground offensive against Hamas, that in return, they cannot be
Speaker 4: seen to be blocking eight you know, and flouting international
Speaker 4: humanitarian law. But yes, I mean Hamas fighters are spread
Speaker 4: throughout the Gaza Strip, and many people seem to think
Speaker 4: that they have a presence in the south too, where
Speaker 4: there are a lot of civilians.
Speaker 1: And that factors into a lot of the commentary that
Speaker 1: we're hearing from a particularly congressional Democrats in Washington, d C.
Speaker 1: That future aid to Israel might need to be conditioned
Speaker 1: on international humanitarian law being followed more stringently. How is
Speaker 1: that potentially factoring in to Israel's decision making when it
Speaker 1: comes to extending the pause in fighting or carrying on
Speaker 1: this war even further once whenever the pause ends, it
Speaker 1: does end.
Speaker 4: Well very much.
Speaker 13: So.
Speaker 4: Israel are extremely dependent on diplomatic and material support from
Speaker 4: the United States. Without that, I think, you know that
Speaker 4: the pressure for them to stop this war is going
Speaker 4: to mount. So far, we've seen a lot of pressure
Speaker 4: from Biden's administration to make sure Israel do allowed aid in,
Speaker 4: but there hasn't been you know, a stringent call for
Speaker 4: any longer term ceasefire. So it does seem that this
Speaker 4: green light essentially for Israel to go back in to
Speaker 4: the Gaza Strip once this truce comes to an end,
Speaker 4: is very much there, even though perhaps in some other
Speaker 4: corners of the world, particularly the Gulf and parts of Europe,
Speaker 4: obviously the pressure is mounting. But yeah, as we all know,
Speaker 4: the main bidder here is the United States.
Speaker 1: And as this pause continues, Simon, are there risks of
Speaker 1: other fronts opening while the pause goes on. I mean
Speaker 1: there's been sporadic fighting that we've been reporting on in
Speaker 1: the West Bank, as well as the back and forth
Speaker 1: over the Israeli Lebanon border.
Speaker 4: Yes, definitely. As you mentioned the West Bank, I mean
Speaker 4: just overnight there has been a report there were eight
Speaker 4: Palestinians killed in the West Bank in an air strike.
Speaker 4: The situation is very restive there that there is growing
Speaker 4: settler violence. Since October seven, Jewish settlers in the area
Speaker 4: have carried out way over two hundred attacks on Palestinian communities,
Speaker 4: and the Israeli army have also come down pretty tough
Speaker 4: on demonstrators and suspected sympathizers of Hamas. The population there
Speaker 4: in general feels like it's being occupied and oppressed, and
Speaker 4: that the Palestinian authority which runs the show there in
Speaker 4: some areas, isn't really representative of them. Obviously, if things
Speaker 4: continue in this direction, there's massive risks of it boiling over,
Speaker 4: and then, you know, I think beyond that, beyond Israel's borders.
Speaker 4: So far it has been more or less contained, but
Speaker 4: it is very, very worrying. We saw Israel strike the
Speaker 4: airport in Damascus not that long ago, targeting, yeah, targeting
Speaker 4: Iranian targets there. So clearly it's a it's a huge risk.
Speaker 1: This is Bloomberg Daybreak Today, your morning brief on the
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