1
00:00:02,240 --> 00:00:05,040
Speaker 1: News when you wanted with Bloomberg News Now, I'm Doug Prisner.

2
00:00:05,400 --> 00:00:09,640
Speaker 1: In tonight's vice presidential debate, Republican Senator JD. Vance faced

3
00:00:09,680 --> 00:00:13,800
Speaker 1: off with Minnesota Democratic Governor Tim Walls in their first

4
00:00:13,800 --> 00:00:17,520
Speaker 1: and likely only debate of the twenty twenty four election cycle.

5
00:00:17,680 --> 00:00:20,239
Speaker 1: It was hosted by CBS News. This is where the

6
00:00:20,280 --> 00:00:23,520
Speaker 1: candidates touched on a number of topics such as immigration,

7
00:00:23,720 --> 00:00:28,240
Speaker 1: reproductive rights, and foreign policy. Senator Vance shared his stance

8
00:00:28,400 --> 00:00:29,720
Speaker 1: on the US southern border.

9
00:00:30,120 --> 00:00:33,320
Speaker 2: I think you start with deportations on those folks, and

10
00:00:33,360 --> 00:00:35,640
Speaker 2: then I think you make it harder for illegal aliens

11
00:00:35,680 --> 00:00:38,479
Speaker 2: to undercut the wages of American workers. A lot of

12
00:00:38,479 --> 00:00:40,800
Speaker 2: people will go home if they can't work for less

13
00:00:40,800 --> 00:00:43,000
Speaker 2: than minimum wage in our own country. And by the way,

14
00:00:43,040 --> 00:00:44,879
Speaker 2: that'll be really good for our workers who just want

15
00:00:44,920 --> 00:00:47,760
Speaker 2: to earn a fair wage for doing a good day's work.

16
00:00:47,840 --> 00:00:52,760
Speaker 1: However, Governor Wallace gave a contrasting view on his immigration policies.

17
00:00:52,800 --> 00:00:55,960
Speaker 3: This issue of continuing to bring this up, of not

18
00:00:56,120 --> 00:01:00,680
Speaker 3: dealing with it, of blaming migrants for everything. On housing,

19
00:01:00,880 --> 00:01:03,120
Speaker 3: we could talk a little bit about Wall Street speculators

20
00:01:03,120 --> 00:01:05,680
Speaker 3: buying up housing and making them bless affordable, but it

21
00:01:05,720 --> 00:01:10,000
Speaker 3: becomes a blame. Look, this bill also gives the money

22
00:01:10,000 --> 00:01:14,000
Speaker 3: necessary to adjudicate. I agree it should not take seven

23
00:01:14,080 --> 00:01:16,320
Speaker 3: years for an asylum claim to be done. This bill

24
00:01:16,319 --> 00:01:18,679
Speaker 3: gets it done in ninety days. Then you start to

25
00:01:18,680 --> 00:01:20,920
Speaker 3: make a difference in this and you start to adhere

26
00:01:20,959 --> 00:01:22,760
Speaker 3: to what we know American principles.

27
00:01:23,120 --> 00:01:25,800
Speaker 1: We are now just thirty four days away from the

28
00:01:25,920 --> 00:01:30,840
Speaker 1: US presidential election. Iran says it's military action targeting Israel

29
00:01:30,959 --> 00:01:35,680
Speaker 1: has concluded unless there is further Israeli retaliation. Earlier, the

30
00:01:35,720 --> 00:01:39,039
Speaker 1: Israeli military seti Iran fired more than two hundred ballistic

31
00:01:39,120 --> 00:01:43,640
Speaker 1: missiles directly targeting Israel. Now, an escalation in this battle

32
00:01:43,680 --> 00:01:48,320
Speaker 1: between these Middle Eastern nations has been fought largely through proxies.

33
00:01:48,600 --> 00:01:51,560
Speaker 1: Here's Bloomberg standon Williams in Jerusalem.

34
00:01:51,080 --> 00:01:55,720
Speaker 4: A major Salvov missiles from Iran, set of sirens pretty

35
00:01:55,760 --> 00:01:58,000
Speaker 4: much throughout Israel. And keep in mind that Israel's been

36
00:01:58,000 --> 00:02:01,760
Speaker 4: on a wolf footing year since the October seventh attack

37
00:02:01,800 --> 00:02:04,760
Speaker 4: by Hamas from Gaza that triggered the war there, a

38
00:02:04,840 --> 00:02:07,720
Speaker 4: war that quickly spilled into a multi from conflict and

39
00:02:07,800 --> 00:02:10,160
Speaker 4: now is shaping up to be a direct wall between

40
00:02:10,520 --> 00:02:11,520
Speaker 4: Israel and Iran.

41
00:02:11,800 --> 00:02:15,359
Speaker 1: That's Bloomberg's Dan Williams. The IDF indicated that one person

42
00:02:15,440 --> 00:02:18,480
Speaker 1: had been killed in the West Bank. Iranian State TV

43
00:02:18,639 --> 00:02:23,120
Speaker 1: said the strike targeted important security and military sites. Meantime,

44
00:02:23,160 --> 00:02:27,160
Speaker 1: in Washington, Pentagon spokesman Pat Ryder told reporters the US

45
00:02:27,240 --> 00:02:30,200
Speaker 1: fired about a dozen interceptors during the attack.

46
00:02:30,480 --> 00:02:35,320
Speaker 5: Iran conducted a significant attack against Israel today, launching approximately

47
00:02:35,360 --> 00:02:40,560
Speaker 5: two hundred ballistic missiles targeting several locations in Israel. We

48
00:02:40,680 --> 00:02:43,120
Speaker 5: condemned these reckless attacks by Iran, and we call on

49
00:02:43,160 --> 00:02:46,959
Speaker 5: Iran to halt any further attacks, including from its proxy forces.

50
00:02:47,240 --> 00:02:51,519
Speaker 1: That's Major General Pat Ryder. Meantime, in Israel, police reported

51
00:02:51,560 --> 00:02:55,440
Speaker 1: a separate incident in Tel Aviv. They say two Palestinians

52
00:02:55,520 --> 00:02:59,240
Speaker 1: killed six and injured nine in a shooting and stabbing attack.

53
00:02:59,520 --> 00:03:02,760
Speaker 1: Officials went on to say those two suspects were neutralized.

54
00:03:03,320 --> 00:03:06,200
Speaker 1: Doc workers at every major port along the US Gulf

55
00:03:06,240 --> 00:03:09,280
Speaker 1: and East Coast are off the job. It's the first

56
00:03:09,320 --> 00:03:13,080
Speaker 1: port strike in nearly fifty years. Bloomberg Stanny Berger is

57
00:03:13,160 --> 00:03:16,000
Speaker 1: at one of those shuttered ports in Elizabeth, New Jersey.

58
00:03:16,320 --> 00:03:19,480
Speaker 1: She says the US Maritime Alliance is offering a fifty

59
00:03:19,520 --> 00:03:23,800
Speaker 1: percent raise and pay, but the Union of International Longshoreman

60
00:03:24,000 --> 00:03:24,959
Speaker 1: is looking for more.

61
00:03:25,160 --> 00:03:28,360
Speaker 6: The exact figure is seventy seven percent increase, And just

62
00:03:28,400 --> 00:03:30,239
Speaker 6: to sort of give you an idea of what these

63
00:03:30,280 --> 00:03:33,240
Speaker 6: folks can earn at a very baseline level, eighty five

64
00:03:33,280 --> 00:03:35,920
Speaker 6: thousand is where they are two hundred thousand if you're

65
00:03:35,920 --> 00:03:39,880
Speaker 6: talking about overtime. But these are incredibly dangerous jobs, and

66
00:03:40,160 --> 00:03:42,360
Speaker 6: you have to remember the West Coast also just had

67
00:03:42,560 --> 00:03:45,200
Speaker 6: negotiations too, so they are getting paid more.

68
00:03:45,280 --> 00:03:48,840
Speaker 1: That is Bloomberg's Stanny Berger reporting. JP Morgan Chase is

69
00:03:48,960 --> 00:03:52,560
Speaker 1: estimating the workstoppage will cost between three point eight billion

70
00:03:52,640 --> 00:03:56,040
Speaker 1: and four and a half billion dollars a day. US

71
00:03:56,040 --> 00:03:59,400
Speaker 1: House Republicans are putting pressure on President Biden to step

72
00:03:59,400 --> 00:04:02,120
Speaker 1: in to resild all of the port strike. Bloomberg's Nathan

73
00:04:02,160 --> 00:04:03,760
Speaker 1: Hager has more from Washington.

74
00:04:04,040 --> 00:04:07,280
Speaker 7: Top members of the House Transportation and Infrastructure Committee have

75
00:04:07,280 --> 00:04:09,680
Speaker 7: sent the President a letter urging him to invoke the

76
00:04:09,720 --> 00:04:12,760
Speaker 7: Taft Hartley Act. The nineteen forty seven law would allow

77
00:04:12,760 --> 00:04:15,560
Speaker 7: the President to restore port operations and bring the long

78
00:04:15,560 --> 00:04:19,520
Speaker 7: Shoreman's Union and US Maritime Alliance back to the negotiating table.

79
00:04:19,720 --> 00:04:22,120
Speaker 7: President Biden has said he does not want to invoke

80
00:04:22,160 --> 00:04:25,040
Speaker 7: the Act, that the dispute should be resolved through collective bargaining,

81
00:04:25,200 --> 00:04:28,839
Speaker 7: but Republicans say continued in action will only compound economic

82
00:04:28,920 --> 00:04:32,839
Speaker 7: damage from the strike in Washington. I'm Nathan Hager Bloomberg Radio.

83
00:04:33,000 --> 00:04:35,600
Speaker 1: The death toll from Hurricane Helen is now over one

84
00:04:35,680 --> 00:04:38,880
Speaker 1: hundred and fifty, while there are around the clock efforts

85
00:04:38,920 --> 00:04:42,120
Speaker 1: to clear roads, restore power, and to get to people

86
00:04:42,160 --> 00:04:45,480
Speaker 1: still cut off from services. Republican french Hill is the

87
00:04:45,560 --> 00:04:47,880
Speaker 1: vice chair of the House Financial Services Committee. He is

88
00:04:47,920 --> 00:04:52,440
Speaker 1: expecting Congress to pass emergency relief funds when lawmakers return

89
00:04:52,520 --> 00:04:53,640
Speaker 1: for the lame duck session.

90
00:04:53,720 --> 00:04:56,360
Speaker 8: Bot I'm sure we will have a settlemental appropriation, as

91
00:04:56,400 --> 00:04:59,360
Speaker 8: I say, to support FEMA, and we'll deal with that SINS.

92
00:04:59,440 --> 00:05:04,560
Speaker 8: The convers is back in early November, and I think

93
00:05:04,600 --> 00:05:06,760
Speaker 8: we should and that's why I voted for it back

94
00:05:06,800 --> 00:05:07,520
Speaker 8: in September.

95
00:05:07,560 --> 00:05:11,400
Speaker 1: That's Representative french Hill. Now, the destruction to farm crops

96
00:05:11,440 --> 00:05:14,719
Speaker 1: by Helene could trigger up to seven billion dollars in

97
00:05:14,720 --> 00:05:17,880
Speaker 1: insurance payouts. That is news when you want it with

98
00:05:17,920 --> 00:05:21,200
Speaker 1: Bloomberg News. Now, I'm Doug Prisoner, and this is Bloomberg,