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Speaker 1: News when you wanted with Bloomberg News Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. Hamas leader Ishmael Haniya says his

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Speaker 1: group is close to reaching a truce agreement in talks

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Speaker 1: with Kotter and Israel. The ceasefire would clear the way

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Speaker 1: for the release of some hostages held by the militants.

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Speaker 1: Ania said, we are close. The comments come after President

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Speaker 1: Biden said that Israel and Hamas were closing in on

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Speaker 1: a deal to free some of the hostages. Investors at

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Speaker 1: OpenAI are trying to get co founder Sam Altman to

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Speaker 1: return to the company. We hear Thrive Capital, Coslaventures, and

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Speaker 1: Tiger Global Management are all looking to secure their investments.

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Speaker 1: Microsoft has signaled that it would not oppose such an outcome.

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Speaker 1: Microsoft CEO Satchya Nadella says, no matter what happens, open

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Speaker 1: Ai needs governance. Changes, Surprises are bad, and we just

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Speaker 1: want to make sure that things.

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Speaker 2: Are done in a way that will allow.

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Speaker 3: Us to continue to partner.

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Speaker 4: Well, that's about it.

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Speaker 1: You know.

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Speaker 3: We will definitely ensure that some of the changes that

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Speaker 3: are needed to happen and we continue to be able

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Speaker 3: to go along on the partnership.

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Speaker 2: With open Ai.

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Speaker 1: The open Ai board earlier replaced Sam Altman with Emmett Sheer,

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Speaker 1: the former CEO of Twitch. Another news, City Group is

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Speaker 1: cutting more than three hundred senior manager roles. We get

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Speaker 1: more from Bloomberg's Jenny Seraine.

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Speaker 4: City Group has been telegraphing this for some months now.

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Speaker 4: Back in September, they announced that they were going to

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Speaker 4: embark on this huge restructuring, and at that point it

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Speaker 4: was basically, you know, Jane Fraser, who's their CEO, had

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Speaker 4: kind of laid out what her executive management team would

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Speaker 4: look like and had basically directed those folks to, you know,

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Speaker 4: make sure that the rest of the company looks like

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Speaker 4: her EMT and so we have the next phase of

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Speaker 4: those changes.

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Speaker 1: Today, City Group has racked up about six hundred and

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Speaker 1: fifty million dollars in severance charges. These are part of

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Speaker 1: cutting seven thousand positions over the first nine months of

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Speaker 1: this year. In China, the Premier Lee Chiang has been

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Speaker 1: named the head of a new body overseeing the country's

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Speaker 1: financial sector. We get more from Bloomberg's Joan Wong in Hong.

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Speaker 3: Kong Shinwan News Agency says Lee chaired a meeting of

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Speaker 3: the new Central Financial Commission. The meeting approved plans for

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Speaker 3: the body's division of Labor. The Commission will publish major

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Speaker 3: policy documents covering welfare, finance, pensions, and digital finance. Premier

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Speaker 3: Le is seen as business friendly with strong loyalty to

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Speaker 3: President Chi Ching Ping, who was made Premier in March,

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Speaker 3: replacing Li Ku Chiang. The report confirms that the Premier

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Speaker 3: remains influential and setting financial policy, alongside Vice Premier Hili

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Speaker 3: Fong in Hong Kong and Joanne Wang Bloomberg Radio.

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Speaker 1: Meantime, in one other key story in China, regulators there

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Speaker 1: are said to be drafting a list of fifty property

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Speaker 1: developers that would be eligible for new financing, and we've

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Speaker 1: seen a real bounce in Chinese developers bonds and shares

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Speaker 1: in the Hong Kong market. This morning, the White House

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Speaker 1: has opened accounts on metas threads social media platform for

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Speaker 1: the President and Vice Presidentloomberg. Ed Baxter has the story.

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Speaker 2: The White House says it's just another way to meet

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Speaker 2: people where they are. It says it's been using different

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Speaker 2: forms of media since the beginning of the administration, and

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Speaker 2: this has been in motion for several weeks now. But

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Speaker 2: the timing does come in the wake of Elon Musk's

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Speaker 2: endorsement of antisemitic content, and according to sources, the White

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Speaker 2: House is not considering ending its use of ex accounts

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Speaker 2: because of that, although they do say the Musk post angered.

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Speaker 2: Biden and his aides ed Baxter Bloomberg Radio.

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Speaker 1: Well, the holidays are approaching, and as people get ready

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Speaker 1: for Thanksgiving, President Biden spared a pair of birds from

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Speaker 1: the holiday table. The President, in an annual holiday tradition,

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Speaker 1: pardoned two turkeys at the White House on Monday. The

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Speaker 1: lucky birds, named Liberty and Bell, made the journey to

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Speaker 1: Washington from a farm in Minnesota.

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Speaker 5: I hereby pardon Liberty and Bell. All right, congratulations birds.

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Speaker 1: Biden also marked the occasion by stressing how much we

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Speaker 1: have to be thankful for as a nation. President George H. W.

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Speaker 1: Bush offered the first official presidential pardon of the turkey

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Speaker 1: in nineteen eighty nine. And that's news when you want

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Speaker 1: it with Bloomberg News Now, I'm Brian Curtis. This is

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Speaker 1: Bloomberg