Speaker 1: Good morning. I maybe Morris and I'm Karen Moscow. Here
Speaker 1: are the stories we're following today. President Biden has landed
Speaker 1: in Israel. He spoke earlier this morning with Israeli Prime
Speaker 1: Minister Benjamin Netan Yahoo and explained why it was important
Speaker 1: he made the trip.
Speaker 2: Continuely said and outraged by the explosion at the hospital
Speaker 2: in Cosy yesterday. It's based on what I've seen, that
Speaker 2: appears as row he was done by the other team.
Speaker 1: And that was President Biden who was telling Prime Minister
Speaker 1: Nettan Yaho that the explosion at the Gaza hospital again
Speaker 1: appears to have been done quote by the other team,
Speaker 1: not you. Netan Yaho thanked President Biden for his visit.
Speaker 3: Mister President, for the people of Israel, There's only one
Speaker 3: thing better than having a true friend like you standing
Speaker 3: with Israel, and that is having you standing in Israel.
Speaker 3: Your visit here is the first visit of an American
Speaker 3: president in Israel at a time of war. It is deeply,
Speaker 3: deeply moving.
Speaker 1: Prime Minister Natan Yaho and President Biden will hold meetings
Speaker 1: the rest of the morning.
Speaker 4: President Biden's visit comes following that explosion at a Gaza
Speaker 4: City hospital that killed at least five hundred people, both
Speaker 4: sides blaming each other for that. Daniel Gary is an
Speaker 4: Israeli military spokesperson.
Speaker 5: An analysis of the idea for operational systems indicates that
Speaker 5: a barrage of rockets was fired by terrorists in Gaza,
Speaker 5: passing in close proximity to the Elhali al Mahdi hospital
Speaker 5: in Gaza that the time it was hit. Intelligence from
Speaker 5: few sources that we have in our hands indicates that
Speaker 5: the Islamic Giad is responsible for the failed rocket launch
Speaker 5: which hit the hospital in Gaza.
Speaker 4: The Israeli military says in the past conflicts, around twenty
Speaker 4: percent of rockets launched by Gaza militants misfire and land
Speaker 4: in their own territory. Mahmouda Boss, the President of the
Speaker 4: Palestinian Authority, is clear on where he believes the blame lies.
Speaker 4: I got.
Speaker 6: What happened tonight is a great tragedy and a horrifying
Speaker 6: war massacre that cannot be ignored or allowed to pass
Speaker 6: without accountability. Disaggression against our people must stop and these
Speaker 6: crimes must come to an end.
Speaker 4: Mac Budabas is President of the Palaestining and Authority, speaking
Speaker 4: through an interpreter.
Speaker 1: Well after the hospital explosion, amy President Biden's schedule meetings
Speaker 1: with Arab leaders were canceled. One Biden administration official says
Speaker 1: the decision to cancel the Jordan part of the trip
Speaker 1: was mutual. National Security spokesman John Kirby is traveling with
Speaker 1: the President and he says Biden is meeting with Israeli
Speaker 1: Prime Minister Benjamin and Yahoo to discuss, among other things,
Speaker 1: that deadly hospital blast.
Speaker 7: These outraged said, we're all shocked by the horrific loss
Speaker 7: of life.
Speaker 8: The numbers are staggering for a single event.
Speaker 1: And Kirby says humanitarian aid for Gaza is also top
Speaker 1: of the agenda.
Speaker 9: We want to see humanitarian assistants flow in and it's
Speaker 9: not just a one and done.
Speaker 10: We want to see it be able to be sustained.
Speaker 1: Food, water, obviously, electrical power, medicine, all the things.
Speaker 10: That the people of Gaza are going to continue to need.
Speaker 1: National Security spokesman John Kirby says the President will also
Speaker 1: meet with Israeli first responders and families of those who
Speaker 1: lost or taken hostage in the Hamas assault.
Speaker 4: The hospital explosion will complicate efforts to contain the conflict.
Speaker 4: Daniel Kurtzer is the former US Ambassador to Israel.
Speaker 11: The trading of blame doesn't change the fact that hundreds
Speaker 11: of people have been killed, and the president will be
Speaker 11: landing in the midst of an escalation in the humanitarian disaster,
Speaker 11: which does change the narrative. So it's going to be
Speaker 11: a much more challenging trip than even it was before
Speaker 11: this event.
Speaker 4: Former US Ambassador to Israel Daniel Kurtzer made those comments
Speaker 4: on Bloomberg's balance of power well.
Speaker 1: L amy overshadowed by Israel's conflict with Hamas is a
Speaker 1: meeting this morning between Russian leader of Vladimir Putin and
Speaker 1: China's Shijin Ping in Beijing. They were both there to
Speaker 1: mark the tenth anniversary of China Global Infrastructure Push, and
Speaker 1: here's Putin speaking through an interpreter.
Speaker 12: Russia and China, as well as the majority of states
Speaker 12: of the world, share the aspiration for exo and mutually
Speaker 12: beneficial corporation in order to reach comprehensive, sustainable and launch
Speaker 12: term economic progress.
Speaker 1: And Russian leader Vladimir Putin endorses She's Signature, Built and
Speaker 1: Wrote initiative as a sweeping alternative to the US led
Speaker 1: world order.
Speaker 4: And back in the US, we want to update you
Speaker 4: on the latest developments on the battle for the Speaker
Speaker 4: of the House. It appears Congressman Jim Jordan's bid maybe
Speaker 4: in trouble. Bloomberg's ed Baxter with the latest.
Speaker 13: The first round vote was an unmistakable rebuff. He lost
Speaker 13: much worse than Kevin McCarthy did in his voting rounds.
Speaker 13: He will need to flip sixteen votes to gain the gabble,
Speaker 13: and a second round has been scheduled for eleven o'clock
Speaker 13: Washington time this morning. Jordan has been working the phones,
Speaker 13: but the objections being expressed are the fears of how
Speaker 13: he will govern and ties with Donald Trump. Ad Baxter,
Speaker 13: Bloomberg Radio.
Speaker 10: All right, and thank you.
Speaker 1: Turning to the markets, earnings continue to roll in, with
Speaker 1: more than twenty companies in the S and P five hundred,
Speaker 1: including Netflix and Tesla, reporting well. Also here from Morgan
Speaker 1: Stanley this morning. Morgan Stanley's earnings come a day after
Speaker 1: Bank of America reported its best third quarter results in
Speaker 1: more than a decade. CEO Brian moynihan tells Bloomberg he
Speaker 1: sees the feed achieving its goal of slowing consumer spending.
Speaker 14: Frankly, the FED has won the battle of the American
Speaker 14: consumer and they're slowing down. And the question is what
Speaker 14: happens next to can't predict, but this this is a
Speaker 14: four trillion dollar base three to four hundred million dollars
Speaker 14: of months, So think about it's hard to move around
Speaker 14: a lot. So once it slows this level, it's probably
Speaker 14: not going to kick.
Speaker 10: Right back up.
Speaker 1: And Bank of America's CEO Brian moynihan says more affluent
Speaker 1: customers are now shifting excess savings to products.
Speaker 10: With higher yields. And this is Bloomberg.
Speaker 4: Thank you Kier in time NOL for a look at
Speaker 4: some of the other stories making news around the world.
Speaker 4: For that, we're joined by Bloomberg's John Tucker. Good morning, John,
Speaker 4: Good morning Amy.
Speaker 8: Tuesday's hospital blasted Gaza City, triggering protests across the Middle
Speaker 8: East overnight, from the West Bank to bay Rout and
Speaker 8: east to Jordan. Some trying to storm the Israeli embassy
Speaker 8: in i'm On. Security forces used tear gas to disperse
Speaker 8: the crowd there. Protesters in Iran also marched outside the
Speaker 8: French and British embassies, setting fire to Israel's flag Former
Speaker 8: President Donald Trump returned to his two hundred and fifty
Speaker 8: million dollar civil fraud trial in New York yesterday, still
Speaker 8: fuming about the partial gag order issued Monday in his
Speaker 8: election interferous case in Washington that he's now appealing now
Speaker 8: a candidate is.
Speaker 13: Running for office and I'm not allowed to spee.
Speaker 8: A judge, Tanya Chunkin wrote she cannot imagine any other
Speaker 8: criminal case in which the defendant is permitted to call
Speaker 8: the prosecutor deranged or a thug. In addition to his
Speaker 8: civil case in New York, Trump has face ing four
Speaker 8: criminal cases. Another member of Sam Bankman Freed's inner circle
Speaker 8: took to the stand in the fraud and conspiracy trial
Speaker 8: of the FTX founder. Nishan Singh testified for a second day,
Speaker 8: telling a New York cortroom he was uncomfortable with the
Speaker 8: super ostentageous thirty million dollar Bahamas penthouse the company bought
Speaker 8: as a corporate crash pad. Singh frequently said he disapproved
Speaker 8: of Bankman Freed's actions, but didn't always take action. Russian
Speaker 8: President Vladimir Putin accepting an invitation from Vietnam's president to
Speaker 8: visit the Southeast Asian country. Soon. That's according to a
Speaker 8: post on Vietnam's government website. The visit would follow President
Speaker 8: Biden's trip to Hanaui in September, during which Vietnam formally
Speaker 8: upgraded ties with the US to a comprehensive strategic partnership.
Speaker 8: Texas Attorney General Ken Paxton's office says it's reviewing whether
Speaker 8: ten financial companies, including Bank of America and JP Morgan Chase,
Speaker 8: violate a Republican backed state law punishes firms for restricting
Speaker 8: their work with the oil and gas industry because of
Speaker 8: climate change concerns. The prohib is one of Paxston's first
Speaker 8: major actions since his return to the Attorney General's office
Speaker 8: after facing impeachment proceedings earlier this year. Global News twenty
Speaker 8: four hours a day, Power buy more than twenty seven
Speaker 8: hundred journalists and analysts in more than one hundred and
Speaker 8: twenty countries. I'm John Tucker, and this is Bloomberg Amy.
Speaker 4: Thank you John. We bring you news throughout the day
Speaker 4: here on Bloomberg Radio. But now you can get the
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Speaker 4: get your podcasts. Time now for the Sports Report, brought
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Speaker 4: in John stash Hour.
Speaker 13: Thanks Amy.
Speaker 7: Second year in a row where the Phillies couldn't win
Speaker 7: the division can't lose once they get to the National
Speaker 7: League Playoffs. Yeargo, they finished third in the nl He
Speaker 7: still won the pennant this season, fourteen games behind Atlanta,
Speaker 7: but they beat the praise of the division series and
Speaker 7: they're now up to nothing on Arizona in the NLCS.
Speaker 7: The Phils one game two, ten to up, being two
Speaker 7: home runs for Kyle Schwarber. The Phillies are seven to
Speaker 7: one this postseason. Texas Rangers are seven and oh. They
Speaker 7: host Houston tonight. Came three of the ALCS, and Max
Speaker 7: Surzer starts for Texas, back from injury. Hasn't pitched in
Speaker 7: more than a month. Speaking of injuries, Aaron Rodgers has
Speaker 7: a torn achilles expected.
Speaker 13: To end his season.
Speaker 7: While Rodgers told the ESPN yesterday that he still has
Speaker 7: many hurdles to clear before playing his Jets, cook Robert
Speaker 7: Salas said, if anyone can do it, it's Roger.
Speaker 15: He's definitely one of those individuals who's fueled by doubt.
Speaker 15: You know, if you doubt him, it only makes him
Speaker 15: stronger because he's got this Oh you're telling me I
Speaker 15: can't do something. I'm going to show you I can
Speaker 15: and he's going to prove you wrong. And so he's
Speaker 15: got a tremendous drive and a tremendous mind to them.
Speaker 7: Jetzeba Byewake Giants. Sunday hosts Washington Giants, and two home
Speaker 7: games this season have been outscored sixty four to three.
Speaker 10: At the You Yes.
Speaker 7: Arena, Matthew Barzels scored on the powerplay second period that
Speaker 7: was ed Islanders a one nothing went over Arizona and
Speaker 7: Boston Celtics won a preseason game from the Knicks, who
Speaker 7: sat out most of their top players. Nixon Celtics will
Speaker 7: tip off the regular season one week from tonight at
Speaker 7: the Garden at Barkley is Tonight, Game four the WNBA Finals.
Speaker 7: The Aces lead the Liberty to one for Las Vegas
Speaker 7: another chance to win the championship.
Speaker 10: John Stashwer in Bloomberg Sports.
Speaker 9: From coast to coast, from New York to San Francisco,
Speaker 9: Boston to Washington, DC, nationwide on Syrias XAM, the Bloomberg
Speaker 9: Business Appen Bloomberg dot Com. This is Bloomberg day Break.
Speaker 4: Good morning, I Amy Morris. President Biden is in Israel
Speaker 4: on a trip that will likely be overshadowed by an
Speaker 4: air strike on a hospital in Gaza. Let's bring in
Speaker 4: Bloomberg's Roz Matheson in London with the latest en Roz.
Speaker 4: As you know, earlier this morning, the President already had
Speaker 4: a sit down with Israeli Prime Minister Benjamin Netanyahoo and
Speaker 4: during those comments he said, quote it appears it was
Speaker 4: done by the other team and not you. Our reference
Speaker 4: of course to that air strike on a hospital in Gaza.
Speaker 4: Where does that leave things now as far as the
Speaker 4: President walking this type wrote between showing support for Israel
Speaker 4: and at the same time reassuring the people of Palestinian.
Speaker 16: Well, certainly we can expect that he's going to be
Speaker 16: showing strong support for Israel.
Speaker 10: The US is a key ally of Israel.
Speaker 16: They've been sending some military aid in and obviously the
Speaker 16: frenzy of diplomacy being led by the US Secretary of
Speaker 16: State in recent days in the region. But the reality
Speaker 16: is they are also coming up against that rising anger
Speaker 16: in the Arab world about events inside Gaza, the unfolding
Speaker 16: scenes of humanitarian despair there by many people, and now
Speaker 16: this attack on the hospital, and regardless in away of
Speaker 16: what was the cause of it, the narratives are set
Speaker 16: and are hardening very much on either side about it,
Speaker 16: and so Biden making that comment doesn't necessarily change anything
Speaker 16: from the Arab world point of view. We're seeing protests
Speaker 16: breaking out around Israeli buildings and other establishments in the
Speaker 16: Arab world today. We're seeing that also in places like Turkey,
Speaker 16: for example. So certainly it's a very very careful balancing
Speaker 16: act that US President needs to strike here because he
Speaker 16: does want to show support for Israel. Israel was attacked
Speaker 16: by Hamas inside their own lands, with Israeli civilians killed
Speaker 16: and kidnapped as part of that, you know, only a
Speaker 16: few weeks ago, so he does want to sort of
Speaker 16: show support and solidarity for Israel in that moment, but
Speaker 16: also to sort of caution about the unfolding catastrophes that
Speaker 16: we're seeing inside Gars and possibly the risks that might
Speaker 16: be involved from a full scale ground invasion of Gars.
Speaker 16: That both the humanitarian question for those people living there,
Speaker 16: but also the risk it brings in other actors in
Speaker 16: the region.
Speaker 4: Okay, let's talk about that. This looks like it may
Speaker 4: be harder than expected to contain this conflict. It definitely
Speaker 4: complicates efforts. What's the next step?
Speaker 16: Well, that's right, because the US President was scheduled to
Speaker 16: go on to Jordan where he was going to meet
Speaker 16: with various leaders from Egypt, and the Palestinian authority in
Speaker 16: that meeting's now counseled, and so the Jordan leg is off.
Speaker 16: And as I said, there's that rising rhetoric from countries,
Speaker 16: including Egypt and obviously Iran around all of this.
Speaker 10: So what is the off ramp there?
Speaker 16: We know the US is saying this publicly, which is
Speaker 16: unusual for them, that they are doing a lot of
Speaker 16: back channeling at the moment, including with Iran, urging them not.
Speaker 10: To get pulled in, urging them not.
Speaker 16: To use hesblah, which is sort of their tool in
Speaker 16: the region to attack Israel because of that risk of
Speaker 16: a wider conflict. But certainly it seems minute by minute
Speaker 16: the US efforts alongside others there to contain that are
Speaker 16: becoming more and more common.
Speaker 4: Implicated, is that a signal we should be paying attention
Speaker 4: to then, raz that other leaders in the region have
Speaker 4: made this decision to not meet with the president while
Speaker 4: the president is actually there.
Speaker 16: It's very, very difficult in the aftermath of that hospital attack,
Speaker 16: regardless again of what was the cause for them to
Speaker 16: do so, and certainly the Palstian Authority chief made that
Speaker 16: decision a way on behalf of all of them.
Speaker 10: But that doesn't mean that comms are not happening.
Speaker 16: We've seen the German chancellor meeting, we see see of
Speaker 16: Egypt today. There are those comms going on and certainly
Speaker 16: extensively back channeling. But again, just because things are so
Speaker 16: fraught and so tense, the idea of off ramps here
Speaker 16: becomes more complicated.
Speaker 10: And so what does that look like?
Speaker 16: Do you agree in the end that Israel can do
Speaker 16: more targeted attacks on Gaza versus a full scale ground war.
Speaker 16: Is that something that everybody would agree is sort of
Speaker 16: a something of an off.
Speaker 10: Ramp or is the moment for that just passed? Its
Speaker 10: very difficult to know.
Speaker 4: Is that the most the president can accomplish then is
Speaker 4: try to convince other leaders to make sure that this
Speaker 4: does not start to expand and that this is contained instantly.
Speaker 16: The other priority is to try and open some of
Speaker 16: the humanitarian corridors for Gaza, because.
Speaker 10: Right now very little aid is getting in.
Speaker 16: We're talking about people who don't have access to drinking water,
Speaker 16: who need medicines and so on, and also the issue
Speaker 16: of a people who are in gas who want to
Speaker 16: leave and are trying to get out to go through Egypt.
Speaker 16: So big focus of it will be can there be
Speaker 16: a way to safeguard a humanitarian corridor of sorts, and
Speaker 16: then also the imperative of course to try and keep
Speaker 16: things on a cooler footing in the region.
Speaker 4: More broadly, you're listening to Bloomberg Daybreak to day, your
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Speaker 4: to Washington and beyond.
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Speaker 10: And I'm Karen Moscow.
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