WEBVTT - Israel War Update; Biden Meets Netanyahu

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<v Speaker 1>Good morning. I maybe Morris and I'm Karen Moscow. Here

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<v Speaker 1>are the stories we're following today. President Biden has landed

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<v Speaker 1>in Israel. He spoke earlier this morning with Israeli Prime

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<v Speaker 1>Minister Benjamin Netan Yahoo and explained why it was important

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<v Speaker 1>he made the trip.

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<v Speaker 2>Continuely said and outraged by the explosion at the hospital

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<v Speaker 2>in Cosy yesterday. It's based on what I've seen, that

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<v Speaker 2>appears as row he was done by the other team.

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<v Speaker 1>And that was President Biden who was telling Prime Minister

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<v Speaker 1>Nettan Yaho that the explosion at the Gaza hospital again

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<v Speaker 1>appears to have been done quote by the other team,

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<v Speaker 1>not you. Netan Yaho thanked President Biden for his visit.

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<v Speaker 3>Mister President, for the people of Israel, There's only one

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<v Speaker 3>thing better than having a true friend like you standing

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<v Speaker 3>with Israel, and that is having you standing in Israel.

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<v Speaker 3>Your visit here is the first visit of an American

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<v Speaker 3>president in Israel at a time of war. It is deeply,

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<v Speaker 3>deeply moving.

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<v Speaker 1>Prime Minister Natan Yaho and President Biden will hold meetings

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<v Speaker 1>the rest of the morning.

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<v Speaker 4>President Biden's visit comes following that explosion at a Gaza

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<v Speaker 4>City hospital that killed at least five hundred people, both

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<v Speaker 4>sides blaming each other for that. Daniel Gary is an

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<v Speaker 4>Israeli military spokesperson.

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<v Speaker 5>An analysis of the idea for operational systems indicates that

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<v Speaker 5>a barrage of rockets was fired by terrorists in Gaza,

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<v Speaker 5>passing in close proximity to the Elhali al Mahdi hospital

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<v Speaker 5>in Gaza that the time it was hit. Intelligence from

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<v Speaker 5>few sources that we have in our hands indicates that

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<v Speaker 5>the Islamic Giad is responsible for the failed rocket launch

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<v Speaker 5>which hit the hospital in Gaza.

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<v Speaker 4>The Israeli military says in the past conflicts, around twenty

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<v Speaker 4>percent of rockets launched by Gaza militants misfire and land

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<v Speaker 4>in their own territory. Mahmouda Boss, the President of the

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<v Speaker 4>Palestinian Authority, is clear on where he believes the blame lies.

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<v Speaker 4>I got.

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<v Speaker 6>What happened tonight is a great tragedy and a horrifying

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<v Speaker 6>war massacre that cannot be ignored or allowed to pass

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<v Speaker 6>without accountability. Disaggression against our people must stop and these

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<v Speaker 6>crimes must come to an end.

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<v Speaker 4>Mac Budabas is President of the Palaestining and Authority, speaking

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<v Speaker 4>through an interpreter.

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<v Speaker 1>Well after the hospital explosion, amy President Biden's schedule meetings

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<v Speaker 1>with Arab leaders were canceled. One Biden administration official says

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<v Speaker 1>the decision to cancel the Jordan part of the trip

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<v Speaker 1>was mutual. National Security spokesman John Kirby is traveling with

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<v Speaker 1>the President and he says Biden is meeting with Israeli

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<v Speaker 1>Prime Minister Benjamin and Yahoo to discuss, among other things,

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<v Speaker 1>that deadly hospital blast.

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<v Speaker 7>These outraged said, we're all shocked by the horrific loss

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<v Speaker 7>of life.

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<v Speaker 8>The numbers are staggering for a single event.

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<v Speaker 1>And Kirby says humanitarian aid for Gaza is also top

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<v Speaker 1>of the agenda.

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<v Speaker 9>We want to see humanitarian assistants flow in and it's

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<v Speaker 9>not just a one and done.

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<v Speaker 10>We want to see it be able to be sustained.

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<v Speaker 1>Food, water, obviously, electrical power, medicine, all the things.

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<v Speaker 10>That the people of Gaza are going to continue to need.

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<v Speaker 1>National Security spokesman John Kirby says the President will also

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<v Speaker 1>meet with Israeli first responders and families of those who

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<v Speaker 1>lost or taken hostage in the Hamas assault.

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<v Speaker 4>The hospital explosion will complicate efforts to contain the conflict.

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<v Speaker 4>Daniel Kurtzer is the former US Ambassador to Israel.

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<v Speaker 11>The trading of blame doesn't change the fact that hundreds

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<v Speaker 11>of people have been killed, and the president will be

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<v Speaker 11>landing in the midst of an escalation in the humanitarian disaster,

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<v Speaker 11>which does change the narrative. So it's going to be

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<v Speaker 11>a much more challenging trip than even it was before

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<v Speaker 11>this event.

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<v Speaker 4>Former US Ambassador to Israel Daniel Kurtzer made those comments

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<v Speaker 4>on Bloomberg's balance of power well.

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<v Speaker 1>L amy overshadowed by Israel's conflict with Hamas is a

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<v Speaker 1>meeting this morning between Russian leader of Vladimir Putin and

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<v Speaker 1>China's Shijin Ping in Beijing. They were both there to

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<v Speaker 1>mark the tenth anniversary of China Global Infrastructure Push, and

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<v Speaker 1>here's Putin speaking through an interpreter.

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<v Speaker 12>Russia and China, as well as the majority of states

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<v Speaker 12>of the world, share the aspiration for exo and mutually

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<v Speaker 12>beneficial corporation in order to reach comprehensive, sustainable and launch

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<v Speaker 12>term economic progress.

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<v Speaker 1>And Russian leader Vladimir Putin endorses She's Signature, Built and

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<v Speaker 1>Wrote initiative as a sweeping alternative to the US led

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<v Speaker 1>world order.

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<v Speaker 4>And back in the US, we want to update you

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<v Speaker 4>on the latest developments on the battle for the Speaker

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<v Speaker 4>of the House. It appears Congressman Jim Jordan's bid maybe

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<v Speaker 4>in trouble. Bloomberg's ed Baxter with the latest.

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<v Speaker 13>The first round vote was an unmistakable rebuff. He lost

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<v Speaker 13>much worse than Kevin McCarthy did in his voting rounds.

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<v Speaker 13>He will need to flip sixteen votes to gain the gabble,

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<v Speaker 13>and a second round has been scheduled for eleven o'clock

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<v Speaker 13>Washington time this morning. Jordan has been working the phones,

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<v Speaker 13>but the objections being expressed are the fears of how

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<v Speaker 13>he will govern and ties with Donald Trump. Ad Baxter,

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<v Speaker 13>Bloomberg Radio.

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<v Speaker 10>All right, and thank you.

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<v Speaker 1>Turning to the markets, earnings continue to roll in, with

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<v Speaker 1>more than twenty companies in the S and P five hundred,

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<v Speaker 1>including Netflix and Tesla, reporting well. Also here from Morgan

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<v Speaker 1>Stanley this morning. Morgan Stanley's earnings come a day after

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<v Speaker 1>Bank of America reported its best third quarter results in

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<v Speaker 1>more than a decade. CEO Brian moynihan tells Bloomberg he

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<v Speaker 1>sees the feed achieving its goal of slowing consumer spending.

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<v Speaker 14>Frankly, the FED has won the battle of the American

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<v Speaker 14>consumer and they're slowing down. And the question is what

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<v Speaker 14>happens next to can't predict, but this this is a

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<v Speaker 14>four trillion dollar base three to four hundred million dollars

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<v Speaker 14>of months, So think about it's hard to move around

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<v Speaker 14>a lot. So once it slows this level, it's probably

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<v Speaker 14>not going to kick.

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<v Speaker 10>Right back up.

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<v Speaker 1>And Bank of America's CEO Brian moynihan says more affluent

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<v Speaker 1>customers are now shifting excess savings to products.

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<v Speaker 10>With higher yields. And this is Bloomberg.

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<v Speaker 4>Thank you Kier in time NOL for a look at

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<v Speaker 4>some of the other stories making news around the world.

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<v Speaker 4>For that, we're joined by Bloomberg's John Tucker. Good morning, John,

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<v Speaker 4>Good morning Amy.

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<v Speaker 8>Tuesday's hospital blasted Gaza City, triggering protests across the Middle

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<v Speaker 8>East overnight, from the West Bank to bay Rout and

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<v Speaker 8>east to Jordan. Some trying to storm the Israeli embassy

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<v Speaker 8>in i'm On. Security forces used tear gas to disperse

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<v Speaker 8>the crowd there. Protesters in Iran also marched outside the

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<v Speaker 8>French and British embassies, setting fire to Israel's flag Former

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<v Speaker 8>President Donald Trump returned to his two hundred and fifty

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<v Speaker 8>million dollar civil fraud trial in New York yesterday, still

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<v Speaker 8>fuming about the partial gag order issued Monday in his

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<v Speaker 8>election interferous case in Washington that he's now appealing now

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<v Speaker 8>a candidate is.

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<v Speaker 13>Running for office and I'm not allowed to spee.

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<v Speaker 8>A judge, Tanya Chunkin wrote she cannot imagine any other

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<v Speaker 8>criminal case in which the defendant is permitted to call

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<v Speaker 8>the prosecutor deranged or a thug. In addition to his

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<v Speaker 8>civil case in New York, Trump has face ing four

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<v Speaker 8>criminal cases. Another member of Sam Bankman Freed's inner circle

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<v Speaker 8>took to the stand in the fraud and conspiracy trial

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<v Speaker 8>of the FTX founder. Nishan Singh testified for a second day,

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<v Speaker 8>telling a New York cortroom he was uncomfortable with the

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<v Speaker 8>super ostentageous thirty million dollar Bahamas penthouse the company bought

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<v Speaker 8>as a corporate crash pad. Singh frequently said he disapproved

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<v Speaker 8>of Bankman Freed's actions, but didn't always take action. Russian

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<v Speaker 8>President Vladimir Putin accepting an invitation from Vietnam's president to

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<v Speaker 8>visit the Southeast Asian country. Soon. That's according to a

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<v Speaker 8>post on Vietnam's government website. The visit would follow President

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<v Speaker 8>Biden's trip to Hanaui in September, during which Vietnam formally

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<v Speaker 8>upgraded ties with the US to a comprehensive strategic partnership.

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<v Speaker 8>Texas Attorney General Ken Paxton's office says it's reviewing whether

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<v Speaker 8>ten financial companies, including Bank of America and JP Morgan Chase,

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<v Speaker 8>violate a Republican backed state law punishes firms for restricting

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<v Speaker 8>their work with the oil and gas industry because of

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<v Speaker 8>climate change concerns. The prohib is one of Paxston's first

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<v Speaker 8>major actions since his return to the Attorney General's office

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<v Speaker 8>after facing impeachment proceedings earlier this year. Global News twenty

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<v Speaker 8>four hours a day, Power buy more than twenty seven

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<v Speaker 8>hundred journalists and analysts in more than one hundred and

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<v Speaker 8>twenty countries. I'm John Tucker, and this is Bloomberg Amy.

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<v Speaker 4>Thank you John. We bring you news throughout the day

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<v Speaker 4>here on Bloomberg Radio. But now you can get the

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<v Speaker 4>latest news on demand whenever you want it. Subscribe to

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<v Speaker 4>and subscribe to Bloomberg News Now on the Bloomberg Business app,

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<v Speaker 4>Bloomberg dot com, plus Apple, Spotify, and anywhere else you

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<v Speaker 4>get your podcasts. Time now for the Sports Report, brought

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<v Speaker 4>to you by Tri State Audi. For that, we bring

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<v Speaker 4>in John stash Hour.

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<v Speaker 13>Thanks Amy.

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<v Speaker 7>Second year in a row where the Phillies couldn't win

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<v Speaker 7>the division can't lose once they get to the National

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<v Speaker 7>League Playoffs. Yeargo, they finished third in the nl He

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<v Speaker 7>still won the pennant this season, fourteen games behind Atlanta,

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<v Speaker 7>but they beat the praise of the division series and

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<v Speaker 7>they're now up to nothing on Arizona in the NLCS.

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<v Speaker 7>The Phils one game two, ten to up, being two

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<v Speaker 7>home runs for Kyle Schwarber. The Phillies are seven to

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<v Speaker 7>one this postseason. Texas Rangers are seven and oh. They

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<v Speaker 7>host Houston tonight. Came three of the ALCS, and Max

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<v Speaker 7>Surzer starts for Texas, back from injury. Hasn't pitched in

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<v Speaker 7>more than a month. Speaking of injuries, Aaron Rodgers has

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<v Speaker 7>a torn achilles expected.

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<v Speaker 13>To end his season.

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<v Speaker 7>While Rodgers told the ESPN yesterday that he still has

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<v Speaker 7>many hurdles to clear before playing his Jets, cook Robert

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<v Speaker 7>Salas said, if anyone can do it, it's Roger.

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<v Speaker 15>He's definitely one of those individuals who's fueled by doubt.

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<v Speaker 15>You know, if you doubt him, it only makes him

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<v Speaker 15>stronger because he's got this Oh you're telling me I

0:09:50.520 --> 0:09:52.079
<v Speaker 15>can't do something. I'm going to show you I can

0:09:52.520 --> 0:09:58.200
<v Speaker 15>and he's going to prove you wrong. And so he's

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<v Speaker 15>got a tremendous drive and a tremendous mind to them.

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<v Speaker 7>Jetzeba Byewake Giants. Sunday hosts Washington Giants, and two home

0:10:04.240 --> 0:10:06.680
<v Speaker 7>games this season have been outscored sixty four to three.

0:10:06.679 --> 0:10:07.320
<v Speaker 10>At the You Yes.

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<v Speaker 7>Arena, Matthew Barzels scored on the powerplay second period that

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<v Speaker 7>was ed Islanders a one nothing went over Arizona and

0:10:12.679 --> 0:10:15.160
<v Speaker 7>Boston Celtics won a preseason game from the Knicks, who

0:10:15.200 --> 0:10:17.920
<v Speaker 7>sat out most of their top players. Nixon Celtics will

0:10:17.960 --> 0:10:21.040
<v Speaker 7>tip off the regular season one week from tonight at

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<v Speaker 7>the Garden at Barkley is Tonight, Game four the WNBA Finals.

0:10:24.040 --> 0:10:27.040
<v Speaker 7>The Aces lead the Liberty to one for Las Vegas

0:10:27.040 --> 0:10:28.880
<v Speaker 7>another chance to win the championship.

0:10:29.120 --> 0:10:31.160
<v Speaker 10>John Stashwer in Bloomberg Sports.

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<v Speaker 9>From coast to coast, from New York to San Francisco,

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<v Speaker 9>Boston to Washington, DC, nationwide on Syrias XAM, the Bloomberg

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<v Speaker 9>Business Appen Bloomberg dot Com. This is Bloomberg day Break.

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<v Speaker 4>Good morning, I Amy Morris. President Biden is in Israel

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<v Speaker 4>on a trip that will likely be overshadowed by an

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<v Speaker 4>air strike on a hospital in Gaza. Let's bring in

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<v Speaker 4>Bloomberg's Roz Matheson in London with the latest en Roz.

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<v Speaker 4>As you know, earlier this morning, the President already had

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<v Speaker 4>a sit down with Israeli Prime Minister Benjamin Netanyahoo and

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<v Speaker 4>during those comments he said, quote it appears it was

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<v Speaker 4>done by the other team and not you. Our reference

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<v Speaker 4>of course to that air strike on a hospital in Gaza.

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<v Speaker 4>Where does that leave things now as far as the

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<v Speaker 4>President walking this type wrote between showing support for Israel

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<v Speaker 4>and at the same time reassuring the people of Palestinian.

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<v Speaker 16>Well, certainly we can expect that he's going to be

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<v Speaker 16>showing strong support for Israel.

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<v Speaker 10>The US is a key ally of Israel.

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<v Speaker 16>They've been sending some military aid in and obviously the

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<v Speaker 16>frenzy of diplomacy being led by the US Secretary of

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<v Speaker 16>State in recent days in the region. But the reality

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<v Speaker 16>is they are also coming up against that rising anger

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<v Speaker 16>in the Arab world about events inside Gaza, the unfolding

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<v Speaker 16>scenes of humanitarian despair there by many people, and now

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<v Speaker 16>this attack on the hospital, and regardless in away of

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<v Speaker 16>what was the cause of it, the narratives are set

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<v Speaker 16>and are hardening very much on either side about it,

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<v Speaker 16>and so Biden making that comment doesn't necessarily change anything

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<v Speaker 16>from the Arab world point of view. We're seeing protests

0:12:09.600 --> 0:12:14.880
<v Speaker 16>breaking out around Israeli buildings and other establishments in the

0:12:14.920 --> 0:12:17.960
<v Speaker 16>Arab world today. We're seeing that also in places like Turkey,

0:12:18.360 --> 0:12:21.600
<v Speaker 16>for example. So certainly it's a very very careful balancing

0:12:21.640 --> 0:12:24.520
<v Speaker 16>act that US President needs to strike here because he

0:12:24.559 --> 0:12:27.320
<v Speaker 16>does want to show support for Israel. Israel was attacked

0:12:27.720 --> 0:12:33.120
<v Speaker 16>by Hamas inside their own lands, with Israeli civilians killed

0:12:33.160 --> 0:12:35.640
<v Speaker 16>and kidnapped as part of that, you know, only a

0:12:35.679 --> 0:12:39.040
<v Speaker 16>few weeks ago, so he does want to sort of

0:12:39.040 --> 0:12:42.400
<v Speaker 16>show support and solidarity for Israel in that moment, but

0:12:42.559 --> 0:12:46.480
<v Speaker 16>also to sort of caution about the unfolding catastrophes that

0:12:46.520 --> 0:12:49.400
<v Speaker 16>we're seeing inside Gars and possibly the risks that might

0:12:49.440 --> 0:12:52.760
<v Speaker 16>be involved from a full scale ground invasion of Gars.

0:12:52.760 --> 0:12:56.200
<v Speaker 16>That both the humanitarian question for those people living there,

0:12:56.200 --> 0:12:58.559
<v Speaker 16>but also the risk it brings in other actors in

0:12:58.600 --> 0:12:59.040
<v Speaker 16>the region.

0:13:00.080 --> 0:13:03.520
<v Speaker 4>Okay, let's talk about that. This looks like it may

0:13:03.559 --> 0:13:08.079
<v Speaker 4>be harder than expected to contain this conflict. It definitely

0:13:08.120 --> 0:13:10.200
<v Speaker 4>complicates efforts. What's the next step?

0:13:11.400 --> 0:13:14.000
<v Speaker 16>Well, that's right, because the US President was scheduled to

0:13:14.000 --> 0:13:16.199
<v Speaker 16>go on to Jordan where he was going to meet

0:13:16.240 --> 0:13:21.400
<v Speaker 16>with various leaders from Egypt, and the Palestinian authority in

0:13:21.400 --> 0:13:24.640
<v Speaker 16>that meeting's now counseled, and so the Jordan leg is off.

0:13:24.960 --> 0:13:28.800
<v Speaker 16>And as I said, there's that rising rhetoric from countries,

0:13:28.840 --> 0:13:32.640
<v Speaker 16>including Egypt and obviously Iran around all of this.

0:13:32.880 --> 0:13:34.600
<v Speaker 10>So what is the off ramp there?

0:13:34.760 --> 0:13:38.240
<v Speaker 16>We know the US is saying this publicly, which is

0:13:38.320 --> 0:13:40.200
<v Speaker 16>unusual for them, that they are doing a lot of

0:13:40.200 --> 0:13:44.199
<v Speaker 16>back channeling at the moment, including with Iran, urging them not.

0:13:44.240 --> 0:13:46.040
<v Speaker 10>To get pulled in, urging them not.

0:13:46.000 --> 0:13:48.920
<v Speaker 16>To use hesblah, which is sort of their tool in

0:13:48.920 --> 0:13:52.200
<v Speaker 16>the region to attack Israel because of that risk of

0:13:52.240 --> 0:13:55.439
<v Speaker 16>a wider conflict. But certainly it seems minute by minute

0:13:55.480 --> 0:13:58.880
<v Speaker 16>the US efforts alongside others there to contain that are

0:13:58.920 --> 0:13:59.960
<v Speaker 16>becoming more and more common.

0:14:00.000 --> 0:14:02.760
<v Speaker 4>Implicated, is that a signal we should be paying attention

0:14:02.840 --> 0:14:05.640
<v Speaker 4>to then, raz that other leaders in the region have

0:14:05.840 --> 0:14:08.400
<v Speaker 4>made this decision to not meet with the president while

0:14:08.440 --> 0:14:10.160
<v Speaker 4>the president is actually there.

0:14:11.280 --> 0:14:15.000
<v Speaker 16>It's very, very difficult in the aftermath of that hospital attack,

0:14:15.080 --> 0:14:18.199
<v Speaker 16>regardless again of what was the cause for them to

0:14:18.600 --> 0:14:22.360
<v Speaker 16>do so, and certainly the Palstian Authority chief made that

0:14:22.480 --> 0:14:24.960
<v Speaker 16>decision a way on behalf of all of them.

0:14:25.160 --> 0:14:27.280
<v Speaker 10>But that doesn't mean that comms are not happening.

0:14:27.320 --> 0:14:30.720
<v Speaker 16>We've seen the German chancellor meeting, we see see of

0:14:31.080 --> 0:14:35.320
<v Speaker 16>Egypt today. There are those comms going on and certainly

0:14:35.360 --> 0:14:39.400
<v Speaker 16>extensively back channeling. But again, just because things are so

0:14:39.560 --> 0:14:42.400
<v Speaker 16>fraught and so tense, the idea of off ramps here

0:14:42.480 --> 0:14:43.880
<v Speaker 16>becomes more complicated.

0:14:43.960 --> 0:14:45.120
<v Speaker 10>And so what does that look like?

0:14:45.240 --> 0:14:47.640
<v Speaker 16>Do you agree in the end that Israel can do

0:14:47.720 --> 0:14:52.160
<v Speaker 16>more targeted attacks on Gaza versus a full scale ground war.

0:14:52.320 --> 0:14:55.760
<v Speaker 16>Is that something that everybody would agree is sort of

0:14:55.760 --> 0:14:57.120
<v Speaker 16>a something of an off.

0:14:57.000 --> 0:14:59.840
<v Speaker 10>Ramp or is the moment for that just passed? Its

0:15:00.240 --> 0:15:01.120
<v Speaker 10>very difficult to know.

0:15:01.640 --> 0:15:03.880
<v Speaker 4>Is that the most the president can accomplish then is

0:15:03.920 --> 0:15:07.080
<v Speaker 4>try to convince other leaders to make sure that this

0:15:07.160 --> 0:15:12.960
<v Speaker 4>does not start to expand and that this is contained instantly.

0:15:12.960 --> 0:15:15.360
<v Speaker 16>The other priority is to try and open some of

0:15:15.360 --> 0:15:18.480
<v Speaker 16>the humanitarian corridors for Gaza, because.

0:15:18.200 --> 0:15:21.040
<v Speaker 10>Right now very little aid is getting in.

0:15:21.120 --> 0:15:23.800
<v Speaker 16>We're talking about people who don't have access to drinking water,

0:15:24.160 --> 0:15:27.200
<v Speaker 16>who need medicines and so on, and also the issue

0:15:27.280 --> 0:15:29.000
<v Speaker 16>of a people who are in gas who want to

0:15:29.080 --> 0:15:32.240
<v Speaker 16>leave and are trying to get out to go through Egypt.

0:15:32.280 --> 0:15:34.360
<v Speaker 16>So big focus of it will be can there be

0:15:34.400 --> 0:15:38.720
<v Speaker 16>a way to safeguard a humanitarian corridor of sorts, and

0:15:38.720 --> 0:15:41.560
<v Speaker 16>then also the imperative of course to try and keep

0:15:41.600 --> 0:15:43.240
<v Speaker 16>things on a cooler footing in the region.

0:15:43.240 --> 0:15:47.680
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