On today's podcast: 1) US Dockworkers Suspend Three-Day Strike After Contract Extension 2) Israel Stages Massive Beirut Strikes Targeting Hezbollah Leaders 3) Investors Await Jobs Report See omnystudio.com/listener for privacy information.

Dockworkers at US East and Gulf coast ports agreed to start moving cargo again while they continue collective bargaining with their employers on a new contract. For instant reaction and analysis, host Doug Krizner spoke with Bloomberg managing editor for US economic policy Kate Davidson. See omnystudio.com/listener for privacy information.

On today's podcast:     1) President Biden aims to reign in Israel's response to Iran's missile barrage 2) The Justice Department argues Donald Trump should face prosecution for his efforts to overturn the 2020 election 3) Open AI becomes the world's third most valuable start up See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Vows Retaliation for Massive Iranian Missile Attack 2) Vance Softens Tone as Walz Seizes on Election Claims at Debate 3) Nike Seeks to Wipe Slate Clean for New CEO, Withdraws Guidance See omnystudio.com/listener for privacy information.

Ohio Senator and Trump running mate JD Vance faced off with Minnesota Governor and Harris VP pick Tim Walz for the first Vice Presidential debate - and possibly the last debate of the 2024 election cycle.The candidates touched on key topics such as foreign policy, climate change, and immigration. Walz opened with sharp criticism toward Donald Trump, noting that many of the former president’s own aides had questioned the Republican presidential candidate’s suitability for office. Vance repeatedly targeted Democratic presidential nominee Kamala Harris, suggesting she should have done more over the past four years to address chaos abroad and a struggling economy.For instant reaction and analysis, Bloomberg Balance of Power co-hosts Joe Mathieu and Kailey Leinz speak with Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Strike Shuts US East Coast, Gulf Ports for First Time Since 1977 2) Vance, Walz Set to Spar in VP Debate 3) Israeli Troops Move Into Lebanon, Extending Fight With Hezbollah See omnystudio.com/listener for privacy information.

On today's podcast: 1) Middle East Braces for Iran’s Next Move After Nasrallah Killing 2) Vance, Walz Set to Spar in VP Debate 3) US Eastern Ports Prepare to Close With Labor Talks Stalled See omnystudio.com/listener for privacy information.

A chemical manufacturing company grinds to a halt when a cyberattack locks up their entire assembly line. Kurtis Minder, a renowned ransomware negotiator, answers their call for help and explains why manufacturing companies are uniquely vulnerable to these kinds of disruptive attacks. Then David Adrian from Chrome chats with Kate about how a web-focused strategy can help manufacturers transform what are commonly thought of as massive vulnerabilities into secured points of access and visibility. This episode is sponsored by Chrome Enterprise.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the September jobs report and the Vice Presidential debate. In the UK – a look at some of the challenges France’s new government will face. In Asia – a look ahead to China’s Golden Week.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Harris Holds Razor-Thin Swing-State Lead in Tight Race 2) NYC Mayor Was Corrupt for Years, US Claims in Scathing Case 3) Stocks Rally Pauses Before PCE Data See omnystudio.com/listener for privacy information.

On today's podcast: 1) NYC Mayor Eric Adams Indicted After Federal Corruption Probe 2) US and Allies Race to Stop Unfolding Lebanon War With Truce Plan 3) Congress Averts Government Shutdown With Temporary Funding Bill See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Intercepts Hezbollah Missile Fired at Tel Aviv 2) Buffett Whittles BofA Stake to 10.5% With $863 Million Disposal 3) US Investigating SAP, Carahsoft for Potential Price-Fixing See omnystudio.com/listener for privacy information.

Caroline Ellison was sentenced to 24 months in prison and ordered to forfeit $11 billion by a federal judge for her role in the FTX collapse, despite helping prosecutors in the conviction of Sam Bankman-Fried, her former boss and boyfriend. For instant reaction, hosts Carol Massar and Stephen Carroll speak with Bloomberg Law host June Grasso.See omnystudio.com/listener for privacy information.

On today's podcast: 1) China Unleashes Stimulus Package to Revive Economy, Markets 2) Israel Airstrikes on Lebanon Kill Hundreds in Major Escalation 3) Visa Faces Justice Department Antitrust Case on Debit Cards See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Congress Unveils Stopgap Spending Deal to Avert Shutdown 2) Trump, Harris to Turbocharge Economic Pitches 3) Apollo Is Said to Offer Multibillion-Dollar Investment in IntelSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US: We preview PCE inflation data In the UK: We're looking ahead to one of the most pivotal periods on the political calendar  In Asia: We take a look at the Liberal Democratic Party presidential electionSee omnystudio.com/listener for privacy information.

On today's podcast: 1) US Stocks Hit Fresh Record Buoyed by Economic Hopes 2) FedEx Slumps on Quarterly Profit Miss, Softer 2025 Outlook 3) Buffett’s Remaining $34 Billion BofA Stake Is Now Pure Profit See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Rally Gathers Pace After Fed’s Big Rate Cut 2) Israel Sees ‘New Phase’ in Regional War After Lebanon Blasts 3) Trump to Visit Springfield, Town at Center of Pet-Eating Claims  4) Yankees Beat Mariners to Clinch Playoff BerthSee omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's decision to cut rates 50-basis-points on a special edition of Bloomberg SurveillanceSee omnystudio.com/listener for privacy information.

Bloomberg’s Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve’s decision to cut rates 50-basis-points on a special edition of Bloomberg SurveillanceSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Waver in Face of Debate on Size of Fed Cut 2) Tupperware Files for Bankruptcy as Turnaround Effort Fails 3) Trump Pledges to Restore SALT Write-Off  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Rise With Data in Focus Before Fed    2) Intel to Make Custom AI Chip for Amazon    3) Harris Leads Trump in Pennsylvania: USA Today Poll    4) Falcons beat Eagles 22-21 on Monday Night FootballSee omnystudio.com/listener for privacy information.

On today's podcast: 1) A second apparent attempt on Donald Trump's life adds a new twist to the presidential race 2) Investors turn their focus on the Fed, with a long-awaited rate cut expected this week 3) Calls for stimulus grow in China amid a deepening slowdown See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of next week’s Fed meeting and FedEx earnings. In the UK – a preview of Eurozone data. In Asia – a look at next week’s BOJ decision and TOKEN2049 Summit . See omnystudio.com/listener for privacy information.

On today's podcast: 1) Boeing’s Seattle Workers Walk Out in First Strike Since 200 2) Trump Rules Out More Presidential Debates With Harris 3) Dudley Sees Case for Half-Point Fed Rate Cut Next Week  See omnystudio.com/listener for privacy information.

On today's podcast: 1) SpaceX Attempts the First Ever Privately-Funded Spacewalk 2) Donald Trump Says He Might Not Want Another Debate with Kamala Harris 3) Global Stocks in Rally Mode Ahead of Another Key Inflation Reading See omnystudio.com/listener for privacy information.

On today's podcast: 1) Harris Has Trump On Defense in Sharp-Elbowed Presidential Debate 2) Taylor Swift Endorses Harris for President After Debate 3) US Two-Year Yield Falls to Lowest Since 2022 Ahead of CPI Report  See omnystudio.com/listener for privacy information.

Democrat Kamala Harris and Republican Donald Trump sparred through their first debate, with the former president often on the defensive over abortion rights, the January 6 insurrection and on foreign policy. The debate also saw Harris draw from her past as a prosecutor, while peppering in lines that appeared designed to needle Trump, including taunting the size of his rally crowds. For instant reaction and analysis, Bloomberg Balance of Power co-hosts Joe Mathieu and Kailey Leinz speak with Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino, plus hear live reaction from Philadelphia with Bloomberg Big Take host David Gura.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Presidential Debate Tonight 2) Apple Loses EU Top Court Case Over $14 Billion Tax Bill 3) Biggest US Bank Capital Hike Chopped in Half in Latest Plan  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Apple Unveils New iPhone2) Stocks, US Futures Start Week With Modest Rebound3) Trump and Harris Neck-and-Neck in the Latest National Poll.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Guest-Host John Tucker takes a look at some of the stories we'll be tracking in the coming week. In the US -  a preview of U.S CPI data and next week’s Presidential debate. In the UK – a look at next week’s ECB meeting. In Asia -  a look at Apple’s major product launch. See omnystudio.com/listener for privacy information.

The US hiring fell short of forecasts in August after downward revisions to the prior two months. The data are likely to fuel speculation that the Federal Reserve will deploy a big rate cut in September. Bloomberg's Tom Keene and Paul Sweeney get analysis on the numbers from Renaissance Macro Research Head of US Economic Research Neil Dutta, New Century Advisors Chief Economist Claudia Sahm, Moody's Analytics Chief Economist Mark Zandi, and Bradesco BBI Head of Equity Strategy Ben Laidler.See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Stock Futures Fall as Traders Brace for Jobs 2) Warren Buffett’s Haul From BofA Stock Sales Nears $7 Billion 3) Paulson Sees Fed Cutting Rates to as Low as 2.5% by End of 2025  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Harris Pushes 28% Capital Gains Tax Rate on $1 Million Earners 2) Biden to Block Nippon Steel’s Proposed Takeover of US Steel 3) Stocks Pause Days of Losses Ahead of US Jobs Data See omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Antitrust Probe Escalates, Worsening $279 Billion Selloff 2) Global Stocks Tumble as Flight From Risk Persists 3) US Announces Criminal Charges Against Senior Hamas Leaders See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israeli Prime Minister Benjamin Netanyahu Promises to Keep its Fight with Hamas after Hostage Murders 2) Kamala Harris Hits the Campaign Trail with a Promise to Pennsylvania Steelworkers 3) Markets Prepare for a Key Labor Market Reading this Week See omnystudio.com/listener for privacy information.

In this Labor Day special edition of Bloomberg Daybreak with Nathan Hager:  Bloomberg's Michael McKee and Anna Wong preview the August jobs report Bloomberg's Mike McGlone looks at the biggest stories in the commodities sector  NewEdge Wealth's Cameron Dawson gives her market outlook for the rest of 2024 See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the August jobs report in the U.S, and earnings from Hewlett Packard Enterprise. In the UK -  a look at the challenges facing the UK's government as parliament returns from its summer break. In Asia – a preview of Taiwan's SEMICON summit. See omnystudio.com/listener for privacy information.

On today's podcast: 1) A new Bloomberg News/Morning Consult poll shows sustained momentum for Kamala Harris' presidential campaign 2) Traders are closely watching the Fed's favored inflation gauge 3) Intel weighs splitting its businesses in a bid to stem losses See omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Tumbles on Disappointing Forecast, Blackwell Chip Snags 2) Nvidia’s CEO Says New Chip Will Have ‘Lots and Lots’ of Supply 3) Sullivan, Xi Hold First Talks to Steady Ties Before US Election See omnystudio.com/listener for privacy information.

In a special edition of Bloomberg Technology, host Ed Ludlow speaks with Nvidia CEO Jensen Huang to discuss the company's latest quarterly report that fell short of investor's lofty expectations.See omnystudio.com/listener for privacy information.

Nvidia, the chipmaker at the heart of the artificial intelligence boom, gave a revenue forecast that fell short of some of the most optimistic estimates, stoking concerns that its explosive growth is waning. Bloomberg Businessweek hosts Carol Massar and Tim Stenovec talk with Bloomberg Technology co-host Ed Ludlow and Bloomberg Intelligence Senior Semiconductor Analyst Kunjan Sobhani for instant reaction and analysis for Nvidia's earnings results. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Countdown Keeps Stocks in Narrow Ranges: Markets Wrap 2) Warren Buffett Sells More BofA Shares, Reaping $982 Million 3) HSBC Mulls Cutting Management Layers in Sweeping Overhaul See omnystudio.com/listener for privacy information.

The US special counsel investigating former President Donald Trump files an updated indictment that removes several pages of allegations following the Supreme Court's presidential immunity ruling. For instant analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Bloomberg legal reporter Erik Larson.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Fed’s Daly Agrees With Powell’s View It’s Time to Cut Rates 2) Apple’s Maestri to Hand Off CFO Job, Move to Smaller Role 3) Skydance Set to Seal Paramount Merger After Bronfman Drops Out See omnystudio.com/listener for privacy information.

On today's podcast: 1) Middle East tensions rise with Israel launching a weekend strike against Hezbollah 2) Powell's pivot leaves investors debating the size and path of rate cuts 3) Boeing is snubbed for SpaceX as it looks to bring astronauts home See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S GDP and Core PCE data, and Nvidia earnings. In the UK – a look at the weakness in Germany’s economy. In Asia – a look at Japan’s leadership election. Edward Harrison, Bloomberg Senior Editor and the author of "The Everything Risk" newsletterKunjan Sobhani, Bloomberg Intelligence Senior Semiconductor AnalystOliver Crook, Bloomberg's Germany Correspondent Isabel Reynolds, Bloomberg Tokyo Bureau Chief See omnystudio.com/listener for privacy information.

Bloomberg's Surveillance hosts Tom Keene and Lisa Abramowicz head out to Wyoming for the Fed's Jackson Hole Symposium.They speak with some of the biggest names in Central Banking, including: Raphael Bostic, Atlanta Fed President Loretta Mester, Former Cleveland Fed President James Bullard, Former St Louis Fed President Thomas Hoenig, Former Kansas City Fed President Patrick Harker, Philadelphia Fed President See omnystudio.com/listener for privacy information.

On today's podcast: 1) Kamala Harris accepts the Democratic Nomination in Chicago 2) Donald Trump Takes his Campaign to the Border 3) Traders look for Rate Cut Hints from Jay Powell at Jackson Hole See omnystudio.com/listener for privacy information.

Vice President Kamala Harris formally accepted the Democratic presidential nomination on Thursday, in a historic step that kicks off a three-month dash to Election Day. Balance of Power co-hosts Joe Mathieu and Kailey Leinz speak to Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino for instant reaction and analysis of Kamala Harris' address to close out the Democratic National Convention in Chicago. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Tim Walz Pitches to Undecided Voters at the Democratic National Convention 2) Traders Hone in on Jackson Hole after Fed Minutes Reveal a Case for Rate Cuts 3) Disney Names a Top Banker to Lead its Succession Plan See omnystudio.com/listener for privacy information.

On today's podcast:                                              1) The Obamas Look to Energize the Base at the Second Night of the Democratic National Convention2) Donald Trump Aims to Reframe his Campaign Message3) Traders Search for More Clues on Rate Cuts Ahead of Jay Powell's SpeechSee omnystudio.com/listener for privacy information.

On today's podcast: 1) President Biden Passes the Torch to Kamala Harris at the DNC 2) The US Pressures Hamas to Accept a Ceasefire Proposal 3) Bank and Tech Executives are Missing in a Yacht Disaster See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Steady as Traders Await Powell Speech 2) Trump, Harris Prepare for Turbocharged Week of Presidential Race 3) Goldman Cuts US Recession Risk Following Retail Sales, Jobs Data See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of next week’s Jackson Hole Symposium and Target earnings. In the UK – a look at the UK’s immigration dilemma. In Asia – a look at Vice Presidential candidate Tim Walz’s relationship with China. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Data Boost Sets Up US Stocks for Best Week of Year 2) Carry Trade That Blew Up Markets Is Attracting Hedge Funds Again 3) Harris to Propose $25,000 Assistance for First-Time Homeowners See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Edge up With More Data Due After CPI Boost 2) Columbia President Shafik Resigns After Months of Campus Tumult 3) Harris Will Propose ‘Price Gouging’ Ban on Food and Groceries See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Advance With All Eyes on US Inflation Data 2) Japan Set for a New Leader as Premier Kishida to Step Aside 3) DOJ Mulls Google Breakup Push After Landmark Antitrust Win See omnystudio.com/listener for privacy information.

On today's podcast: 1) Musk Cozies Up to Trump in Glitchy Conversation on X Platform 2) US, Israel View an Attack by Iran as ‘Increasingly Likely’ 3) Stocks Rise With US Futures Ahead of Price Data See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Stabilize as Traders Brace for Big Data Week 2) Biden Says He Dropped Out Due to Risk He’d Be ‘Distraction’ 3) Musk to Interview Trump See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S CPI and Retail sales data, and a look at earnings from Walmart and Home Depot. In the UK – a look at Europe’s sweltering summer. In Asia – a look at Japan’s economy and a preview of GDP. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Rise as Traders Await Next Batch of US Data 2) Fed’s Schmid Says ‘We Are Not Quite There’ in Cooling Inflation 3) Trump, Harris Agree to Debate as Republican Looks to Shift Race See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Resume Declines With Focus on US Jobs Data 2) JPMorgan Says Three Quarters of Global Carry Trades Now Unwound 3) Harris Rides Momentum in Midwest as Vance Eyes Air Force Two See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Stabilizing after Monday Selloff 2) Goldman Sachs CEO Believes Fed Won't Make Emergency Rate Cut 3) Kamala Harris Looks to Energize Democrats with Tim Walz See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Rebound as Traders See ‘Normalcy’ Returning 2) Harris Clinches Democratic Nomination, Cementing Trump Matchup 3) Google Loses US Justice Department Antitrust Suit Over Search See omnystudio.com/listener for privacy information.

Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Nasdaq Futures Sink as Global Stock Rout Deepens 2) Treasuries Surge as Traders Bet on Emergency Fed Rate Cut 3) Berkshire Cuts Apple Stake by Almost Half in Selling Spree See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of quarterly earnings from Walt Disney. Also a look at earnings from Uber and Lyft. In the UK – a look ahead to a visit to the U.S by new UK Chancellor Rachel Reeves. In Asia -  a preview of Alibaba earnings and China trade data. See omnystudio.com/listener for privacy information.

On today's podcast: 1) The Stock Selloff Around the World Intensifies Following Tech Earnings 2) Investors Await Key July Jobs Report 3) Three Americans Back on US Soil After Prisoner Exchange with Russia See omnystudio.com/listener for privacy information.

Bloomberg's Carol Massar and Tim Stenovec report on Apple earnings for the third quarterSee omnystudio.com/listener for privacy information.

Bloomberg's Carol Massar and Tim Stenovec report on Intel and Amazon.com earnings for the second quarter.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Says It’s Confirmed Hamas Number Two Deif Was Killed 2) Meta’s Upbeat Earnings Buy Time for AI, Metaverse Bet to Pay Off 3) Fed On Course for September Rate Cut as Risks to Job Market Grow See omnystudio.com/listener for privacy information.

Bloomberg's Carol Massar and Tim Stenovec cover the latest earnings from Meta, the parent company of Facebook. They speak with Bloomberg News Contributor Jon Erlichman and Bloomberg News Social Media Reporter Aisha Counts. See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Lisa Abramowicz and Jonathan Ferro cover the latest remarks from Federal Reserve Chair Jay Powell, following the central bank's latest policy decision.See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Lisa Abramowicz, and Jonathan Ferro cover the Federal Reserve's latest policy decision. See omnystudio.com/listener for privacy information.

Hamas says Israel killed its political leader, Ismail Haniyeh, in an airstrike on Iran’s capital, putting the Middle East even further on edge. Bloomberg's Nathan Hager and Joumanna Bercetche break down the details.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Hamas Says Israel Killed Political Leader Haniyeh in Iran 2) Harris Wipes Out Trump’s Swing-State Lead in Election Dead Heat 3) Microsoft’s Azure Growth Slows, Testing Investors’ Patience  See omnystudio.com/listener for privacy information.

Bloomberg Businessweek breaks down earnings from Microsoft and AMD with Senior Portfolio Manager at Synovus Trust Dan Morgan and Bloomberg Technology Co-Host Ed Ludlow.Hosts: Carol Massar and Tim Stenovec See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Says He Will ‘Probably End Up’ Debating New Rival Harris 2) Buffett Cuts BofA Stake Again, Unloading $3 Billion This Month 3) Venezuela’s Opposition Says It Has Proof of Election Fraud See omnystudio.com/listener for privacy information.

On today's podcast: 1) Kamala Harris Sees a Surge in Fundraising and at the Polls 2) Controversy Surrounds the Results of the Venezuelan Presidential Election 3) Israel Strikes Hezbollah After Weekend Rocket in the Golan Heights See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of next week’s Fed meeting and jobs report in the U.S, along with tech earnings.. In the UK – a preview of next week’s Bank of England meeting. In Asia – a look at earnings from tech companies Apple and Samsung. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Barack and Michelle Obama Endorse VP Kamala Harris for President 2) Sabotage in France with a Massive Rail Disruption Ahead of the Olympic Opening Ceremonies 3) The Fed Waits for its Favored Inflation Read Ahead of Next Week's Meeting See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Says Time for ‘Younger Voices’ in Oval Office Speech 2) Stocks Selloff Goes Global as Chipmakers Plunge: Markets Wrap 3) Ford Sinks as Warranty Costs Hit 2Q Profits See omnystudio.com/listener for privacy information.

On today's podcast: 1) Harris Uses First Major Rally to Push Policies for Families 2) Tesla Profit Shrinks as Musk Tethers Stock to Delayed Robotaxi 3) Deutsche Bank Scraps Buyback After First Loss in Four Years See omnystudio.com/listener for privacy information.

On today's podcast: 1) Harris Has Enough Delegates to Clinch Nomination for President 2) Alphabet and Tesla Set to Report Earnings 3) CrowdStrike’s CEO Called to Testify Before US House Committee See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Passing Baton to Harris Upends American Politics 2) Harris Woos Democrat Faithful After Biden Bows Out 3) Dollar Slips as Biden Quits Race See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, David Gura and Joe Mathieu break down the latest news from Washington.See omnystudio.com/listener for privacy information.

Listen to the 'Here's Why' podcast:  -  on Apple: https://apple.co/3Lg3RGn  -  on Spotify: https://spoti.fi/3LiIX9q  -  or Anywhere: https://bit.ly/3xYsHHy.     Each episode of 'Here's Why' uses experts at Bloomberg to explain one news story in just a few minutes.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP and Core PCE data, and a preview of Tesla earnings. In the UK – a look ahead to the Paris Olympic Games. In Asia – a look at how the U.S election will shape the U.S, China relationship.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Major Banks and Airlines Reported Technical Issues amid a Global Outage 2) Donald Trump Steps Back into the Spotlight at the Republican National Convention 3) Cracks Continue to Form in President Biden's Re-Election Bid See omnystudio.com/listener for privacy information.

On today's podcast: 1) JD Vance Calls Out Wall Street as he Accepts the Republican Nomination for Vice President 2) President Biden Comes Down with COVID as Top Democrats Ask him to Step Aside 3) A Fed Governor Says Rate Cuts Could Soon Come See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump’s One-Time Rivals Praise Him in Orchestrated Show of Unity 2) Trump Security Tightened on Iran Plot Intel; No Link to Shooting 3) Big Take: Trump on His Plan for Taxes, Tariffs, the Fed and More See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Trump Makes Grand Entrance With Bandaged Ear After Shooting 2) Trump Taps Vance as Running Mate, Picking Populist Protege 3) Biden Says ‘Open Question’ If Secret Service Erred in Shooting See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Urges Unity After Trump Wounded as Campaign Seeks Footing 2) Trump Called Nikki Haley Asking Primary Rival to Attend RNC 3) Wall Street Awaits Goldman Earnings See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene and David Gura get reaction to the attempted assassination attempt of former President Donald Tump. They speak with: Hadriana Lowenkron, Bloomberg News reporter Terry Haines, Pangea Policy founder Jordan Fabian, Bloomberg News white house correspondent Wendy Schiller, Director of the Taubman Center for American Politics and Policy, Brown University Henrietta Treyz, Veda Partners managing partner Rick Davis, Bloomberg politics contributor and partner at Stone Court Capital Joe Mathieu, host of Bloomberg Balance of Power Jeanne Sheehan Zaino, Bloomberg politics contributor and Iona University political science professor Nancy Cook, Bloomberg News Senior national political correspondent Greg Valliere, AGF Investments Chief U.S. Policy Strategist Mick Mulroy, Lobo Institute co-founder Jack Devine, Arkin Group President   See omnystudio.com/listener for privacy information.

Former President Donald Trump said he was shot in the right ear after gunfire erupted at his political rally in Butler, Pennsylvania. We get instant reaction with Bloomberg's Amy Morris. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S Retail sales and Netflix earnings. In the UK – a look ahead to a meeting of the European Political Community. In Asia – a preview of China’s Third Plenum meeting. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Vows to Stay in 2024 Race Even as Gaffes Threaten Campaign 2) Wall Street Awaits Bank Earnings 3) Boeing Warns Customers of Further Delays on 737 Max Amid CrisisSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Pressure on Biden Mounts as Senate Democrat Calls for New Ticket 2) Inflation Data to Bolster Case for Fed Rate Cut in September 3) Archegos’ Bill Hwang Convicted of Fraud, Market Manipulation See omnystudio.com/listener for privacy information.

On today's podcast: 1) Divided Democrats Blast Trump Agenda to Shift Biden Focus 2) Trump Teases Rubio at Miami Rally as VP Announcement Nears 3) Powell Flags Rising Risks to Jobs While Avoiding Rate-Cut Timing See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Biden Gains Support from Progressives as Health Questions Mount 2) Donald Trump says He Plans to pick a Vice President in the Coming Week 3) Wall Street Enters the Day in Record Fashion with Jay Powell Congressional Testimony on Tap See omnystudio.com/listener for privacy information.

On today's podcast: 1) More House Democrats Want Biden Out of Race as Tension Rises 2) France Dodges Far-Right Win But Macron Has No One to Govern 3) Boeing to Plead Guilty to Fraud for Violating Crashes Deal  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week: In the US – it's the start of earnings season and the Archegos trial goes to jury In the UK – we look at the challenges facing new Prime Minster Keir Starmer In Asia – we will preview China's trade and CPI/PPI data See omnystudio.com/listener for privacy information.

On today's podcast: 1) Starmer’s Labour Wins UK Election Landslide as Tory Vote Craters 2) Biden Heads Into Make-or-Break Weekend for 2024 Election 3) Global Stocks at a Record High Before US Jobs Dat See omnystudio.com/listener for privacy information.

Bloomberg’s Nathan Hager looks at the biggest tech stories from 2024 and what we can expect for the rest of the year. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbush. See omnystudio.com/listener for privacy information.

On today's podcast: 1) European Stocks Rise, Buoyed by Record for S&P 500: 2) Biden Blames Travel for Poor Debate as He Looks to Calm a Revolt 3) Trump New York Sentencing Put Off to Sept. 18 Over ImmunitySee omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Immunity Ruling Means Any Trial Before Election Unlikely 2) Trump Seeks to Toss NY Felony Conviction After Immunity Win 3) Democrats Weigh Mid-July Vote to Formally Tap Biden as NomineeSee omnystudio.com/listener for privacy information.

The US Supreme Court ruled that Donald Trump has some immunity from criminal charges for trying to reverse the 2020 election results, all but ensuring that a trial won’t happen before the November election. The justices, voting 6-3 along ideological lines, said a federal appeals court was too categorical in rejecting Trump’s immunity arguments, ruling for the first time that former presidents are shielded from prosecution for some official acts taken while in office. Bloomberg's Paul Sweeney and Alix Steel get instant reaction.See omnystudio.com/listener for privacy information.

On today's podcast: 1) European Stocks and Euro Rally After French Vote 2) Biden Loyalists Dismiss Calls to Quit in Frenetic Weekend Blitz 3) Boeing to Buy Spirit Aero for $4.7 Billion in Stock Deal See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Guest Host John Tucker takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the June jobs report. In the UK – a look ahead to UK elections. In Asia – a look ahead to the July 1st anniversary of the handover of Hong Kong to China from British colonial rule. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden’s Disastrous Debate Accelerates Doubts Over Candidacy 2) Fed's Preferred Inflation Gauge Set to Cool 3) Nike Tumbles on Sales Warning as Rival Adidas Pushes Ahead See omnystudio.com/listener for privacy information.

Bloomberg's Joe Mathieu and Kailey Leinz recap the first 2024 presidential debate between President Joe Biden and former President Donald Trump. They receive additional analysis from Bloomberg Correspondent David Gura, Republican Strategist and Stone Court Capital Partner Rick Davis and Democratic Strategist and ROKK Solutions Partner Kristen Hawn.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Looking Ahead to the Biden-Trump Debate Rematch 2) AI Mania Fails to Lift Micron 3) America's Biggest Banks Pass the Fed Stress Test See omnystudio.com/listener for privacy information.

The US Supreme Court is poised to allow abortions in medical emergencies in Idaho, according to a copy of the opinion that was briefly posted on the court’s website. Bloomberg Law obtained a copy of the opinion, which would reinstate a lower court order that had ensured hospitals in the state could perform emergency abortions to protect the health of the mother. Bloomberg Law Host June Grasso and Michigan Attorney General Dana Nessel explain the decision to Bloomberg's Kailey Leinz and Joe Mathieu. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Latimer Defeats Bowman in Pricey NY Primary 2) Lauren Boebert wins Republican House Primary 3) FedEx Soars as Cost Cuts Drive Better-Than-Expected Forecast  See omnystudio.com/listener for privacy information.

On today's podcast:  1) Nvidia’s 13% Stock Rout Has Traders Scouring Charts for Support 2) Wikileaks’ Assange to Plead Guilty, Ending US Legal Battle 3) Bowman, Boebert, Maloy Fight For Renomination See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Fluctuate as Traders Await Inflation Cues 2) Trump-Biden Race’s Biggest Crapshoot 3) US Prosecutors Recommend DOJ Criminally Charge Boeing: Reuters See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S GDP, PCE data. In the UK – a look ahead to Iran’s Presidential election. In Asia – a discussion on the first 2024 U.S Presidential debate and how the U.S-China relationship will gain attention. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Wall Street’s $5.5 Trillion Triple-Witching to Test Market 2) Trump Outraises Biden in May 3) Citigroup’s Living Will Plan Is Found to Be Deficient by FDIC See omnystudio.com/listener for privacy information.

On today's podcast: 1) BOE Decision on Tap and SNB Cuts Rate Again 2) Half of All Banking Jobs May Be Replaced by AI, Citigroup Says 3) China Has No Favorite in Biden-Trump Race See omnystudio.com/listener for privacy information.

In this Juneteenth Holiday Edition of Bloomberg Daybreak: Stephen Schork, founder of the Schork Group, talks about how a heatwave impacts the price of oil. Burt Flickinger, Strategic Resource Group managing director and Poonam Goyal of Bloomberg Intelligence discuss the state of retail as we head into the summer Plus, Bloomberg Intelligence analyst Jen Rie joins to talk all things antitrust Hosted by Nathan Hager See omnystudio.com/listener for privacy information.

On today's podcast: 1) European Stocks Rise After US and Asia Tech Rally 2) Biden to Offer Legal Status to Undocumented Spouses of Citizens 3) TikTok’s Bid to Void Ban Tests Secrecy of Lawmakers’ Briefings See omnystudio.com/listener for privacy information.

On today's podcast: 1) Markets Remain on Edge Amid Political Turmoil in Europe 2) Double Hater Voters Express Dismay Over The 2024 Election 3) The Eastern Part of the US Readies for its First Potent Heat Wave of the Year See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look ahead to U.S Retail Sales, and Housing data. In the UK – a preview of next week’s Bank of England meeting. In Asia – a look ahead to a slew of Chinese eco activity data. See omnystudio.com/listener for privacy information.

On today's podcast: 1) G-7 Pledges to Step Up Action on Russia Fleet, Energy, Metals 2) Trump Tells CEOs He Would Cut Corporate Tax Rate to 20% 3) S&P 500 Notches Its Fourth Straight All-Time High See omnystudio.com/listener for privacy information.

The Supreme Court preserved full access to a widely used abortion pill in a case that carried major stakes for reproductive rights and election-year politics. Bloomberg's Paul Sweeney and Alix Steel bring you instant reaction from our Bloomberg News team.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Wall Street Hits Record Highs Following a Soft Inflation Print and Fed Decision 2) Former President Trump Returns to Washington For the First Time Since His Conviction 3) G-7 Leaders Move to Tape Russia's Frozen Assets to Support Ukraine See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Fed Faces Dot-Plot Cliffhanger as CPI Looms 2) Apple Shares Soar Most Since 2022 on Hope AI Will Fuel Upgrades 3) Biden Plan to Brand Trump a Felon Is Hit by Son’s ConvictionSee omnystudio.com/listener for privacy information.

Hunter Biden was found guilty of gun charges by a federal court jury in Delaware, becoming the first child of a sitting US president to be convicted of crimes. Bloomberg's Paul Sweeney and Jess Menton bring you instant reaction from our Bloomberg News team.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Apple Unveils ‘AI for the Rest of Us’ in Bid to Retake Spotlight 2) Musk to Ban Apple Devices If OpenAI Is Integrated Into OS 3) Stocks Eke Out Gains in Fed & CPI Run-Up See omnystudio.com/listener for privacy information.

On today's podcast: 1) Macron Gambles on Snap French Election in Bid to Stop Le Pen 2) Stocks Drop on EU Elections 3) Apple Event Will Show Whether It Can Be a Force in AI Industry See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of next week’s U.S CPI data and Fed decision, and a look at Apple’s Worldwide Developers Conference. In the UK – a preview of London tech week. In Asia – a look ahead to India CPI data and a monetary policy decision from the Bank of Japan. See omnystudio.com/listener for privacy information.

On today's podcast:  1) Keith Gill’s YouTube Return Puts Billions on the Line for GameStop  2) US Jobs Report Is Set to Confirm a Steady Slowdown Underway                3) Israel’s Netanyahu set to address the US CongressSee omnystudio.com/listener for privacy information.

 On today's podcast:  1) D-Day Anniversary Is an Opportunity for Biden to Rebuke Trump  2) Nvidia’s Rise to $3 Trillion Fuels ‘Jensanity’ Across Tech World 3) ECB to Begin Cuts But Path Beyond Gets Murkier See omnystudio.com/listener for privacy information.

The costs of the paper check system – both in time and money – have been with us for centuries. But there’s a new technology called blockchain that looks as though it could provide a solution, with an online ledger that’s universally accessible and completely transparent. Blockchain also can't be hacked or altered and costs next to nothing. That may sound too good to be true, but a look back at how the paper check system was improved by the rise of digital money demonstrates that what sounds like a revolution today is often commonplace tomorrow. And blockchain may be the key to unlocking the future of money. This episode is sponsored by Coinbase.See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Modi Seeks to Shore Up His Coalition to Secure Third Term 2) Sunak Hits Starmer on Taxes, But Struggles to Damage Rival 3) Dalio Flags US-China ‘Economic Warfare’ Among Top Global Risks  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden, Border Crisis Loom Large in Sheinbaum’s Early Hours 2) India’s Markets Tumble as Election Much Tighter Than Forecast  3) Intel CEO Fires Back at Nvidia in Battle for AI Chip LeadershipSee omnystudio.com/listener for privacy information.

On today's podcast 1) GameStop Shares Surge After Gill Post Shows $116 Million Bet 2) Nvidia Announces Next-Generation Rubin AI Platform for 2026 3) Modi Set for Landslide Election Win in India, Exit Polls Show  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the May jobs report in the U.S, and a look ahead to Gamestop earnings. In the UK – a look ahead to the next ECB decision and European Parliament elections. In Asia – a preview of China trade data, TSMC's sales and revenue, and the Computex tech show. See omnystudio.com/listener for privacy information.

On today's podcast:  1) Donald Trump Reacts after Becoming the First US President Convicted on Criminal Charges  2) How the Trump Verdict Could Upend the Political Landscape Ahead of the 2024 Election  3) Traders Are Watching The Fed's Key Inflation Gauge, the PCE Index See omnystudio.com/listener for privacy information.

Donald Trump was found guilty in the first criminal trial of a former US president in the nation’s history, a verdict that could reshape the political landscape five months before Election Day. Bloomberg TV and Radio hosts Joe Mathieu and Kailey Leinz offer instant analysis and perspective with key guests just as the verdict was announced. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Jury Asks About Key Meeting on Day One of Deliberations 2) South Africa’s ANC Punished by Voters 3) Google, Meta, Microsoft Snubbed From US AI Competition Forum  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Jury to Get Case in Hush-Money Trial 2) White House Says Israel’s Rafah Strike Doesn’t Cross Red Line 3) ConocoPhillips Is in Talks to Acquire Marathon Oil, FT Says  See omnystudio.com/listener for privacy information.

On today's podcast:  1) Israeli Airstrike, Egyptian Guard’s Death Escalate Tensions 2) Trump’s Historic Closing Arguments 3) Apple’s China iPhone Shipments Up 52% as Rebound Gains Steam  See omnystudio.com/listener for privacy information.

In this Memorial Day Edition of Bloomberg Daybreak: We take a look at markets and inflation's impact on equities with Alicia Levine of BNY Mellon and Invesco's Brian Levitt We check in on the strength of the US economy with Bloomberg's Michael McKee and Anna Wong.  Plus, we get some travel tips for the summer with The Points Guy, Brian Kelly.  Hosted by Nathan HagerSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of core PCE inflation and GDP data, and a look ahead to Dell and HP earnings. In the UK - a look ahead to the 77th World Health Assembly in Geneva. In Asia – a preview of a two-day summit between Japan, South Korea and China in Seoul. See omnystudio.com/listener for privacy information.

On today's podcast: 1) The Wall Street Selloff Leads to a Drop Overseas 2) Big Banks are Calling More Staff to the Office 3) Nvidia's CEO Catapults Up the Richest Person ChartSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Delivers on AI Hopes, Igniting $140 Billion Stock Rally 2) Nikki Haley Says She Will Vote for Donald Trump in November 3) Sunak Fights Election on Economy That’s Only Just Picking Up  See omnystudio.com/listener for privacy information.

Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, gave another bullish sales forecast, showing that spending on AI computing remains strong. For instant reaction and analysis, host Carol Massar and Tim Stenovec speak with Bloomberg Intelligence senior semiconductor analyst Kunjan Sobhani and Dan Morgan, senior portfolio manager at Synovus Trust.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Half of Swing-State Voters Fear Violence Around US Election 2) Wall Street Awaits Nvidia Earnings 3) Fed’s Collins, Mester Emphasize Need for More Data to Cut Rates  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Asks GOP Leaders to Resuscitate Immigration Compromise 2) ASML, TSMC Can Disable Chip Machines If China Invades Taiwan 3) JPMorgan’s EO Dimon Says Succession Is ‘Well on the Way’  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Iran President’s Death Leaves Supreme Leader Succession in Focus 2) Stocks Waver While Gold, Copper Surge to Records: Markets Wrap 3) Michael Cohen to Face More Grilling at Trump Hush Money Trial See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of home sales data and Nvidia earnings. In the UK – a look at the upcoming meeting of G7 finance ministers and central bankers in Italy. In Asia – a preview of the inauguration of Taiwan’s president. See omnystudio.com/listener for privacy information.

On today's podcast:1) The Dow Jones Industrial Average Hits an All-Time High Before Pulling Back 2) China Eases Mortgage Rules and Aims to Convert Unsold Homes to Affordable Housing 3) Biden's Top Eco Advisor Defends China Tariffs See omnystudio.com/listener for privacy information.

On today's podcast:1) The S&P 500 Closes Above 5,300 for the First Time Following the Latest CPI Reading 2) Xi Jinping and Vladimir Putin Meet in Beijing to Signal a Tighter Relationship 3) Donald Trump Returns to Court for His Hush Money Trial See omnystudio.com/listener for privacy information.

On today's podcast: 1) Global Stocks Rally Ahead of Inflation Data 2) Hogan Wins Senate Republican Primary in Maryland 3) GameStop, AMC Shares Rise as Traders Pounce on Meme Stocks See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Imposes Sweeping Tariffs on China 2) Blinken Visits Ukraine 3) Bloomberg Speaks with Macron, Yellen, Moynihan, Solomon See omnystudio.com/listener for privacy information.

On today's podcast: 1) Blinken Warns Israel It Risks Hamas Insurgency in Postwar Gaza 2) Student Protesters Walk Out on Seinfeld as Graduations Start 3) US to Raise Concerns Over China’s AI Development in Geneva Talks  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.•    In the US – a preview of U.S inflation data, and earnings from Home Depot and Walmart.•    In the UK – a preview of the Choose France Summit. •    In Asia – a look at next week’s tech earnings in China.See omnystudio.com/listener for privacy information.

On today's podcast:1) Israel's Prime Minister Warns his Country Will Stand Alone in Rafah Invasion 2) US Set to Place Tariffs on China that Will Target Key Industries 3) Markets Look Ahead to a Critical CPI Reading Next Week See omnystudio.com/listener for privacy information.

On today's podcast:1) President Biden Warns the US Will Hold Back More Weapons if Israel Invades Rafah 2) House Democrats Rescue Republican House Speaker Mike Johnson in Removal Vote 3) The Inside Scoop on Who Will Succeed Apple CEO Tim Cook See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Pauses Arms Shipment to Israel Over Rafah Invasion Plans 2) Trump Jury Hears Stormy Daniels Testify to Intimacy With Him 3) TikTok Lawsuit Sets Stage for Prolonged Legal Fight Over US Ban See omnystudio.com/listener for privacy information.

On today's podcast:  1) Israel’s Troops Take Control of Rafah Border Crossing in Gaza 2) UBS Returns to Profit as Wealth, Investment Bank Drive Beat 3) Boeing Starliner Launch Is Delayed Due to Issue With Rocket See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Tells People to Leave Rafah as It Weighs Timing of Attack 2) Adams Vows to Protect NYC Graduations as LAPD Shuts USC Camp 3) Buffett Praises Apple After Trimming It, Drops Paramount Stake See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of Apple’s latest product event and earnings from Walt Disney. In the UK – a look at next week’s Bank of England meeting. In Asia – a look ahead to Chinese President Xi Jinping’s visit to Europe. See omnystudio.com/listener for privacy information.

On today's podcast:  1) Apple Rallies on Upbeat Forecast, Record-Setting Stock Buyback 2) US Jobs Report to Show Continuing Streak of Big Employment Gains 3) Columbia Says a Third of Arrests at Hamilton Hall Were Outsiders See omnystudio.com/listener for privacy information.

Apple shares jumped in late trading after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, sparking optimism that a slowdown is easing. The results came as a relief to investors, who have been waiting for the iPhone maker to pull out of a long slump. Bloomberg TV and Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence Senior Technology Analyst Anurag Rana, Bloomberg News Chief Technology Correspondent Mark Gurman and Synovus Trust Senior Portfolio Manager Dan Morgan for analysis and reaction. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Powell Keeps Rate Cuts on Table But Leaves Timing Less Certain 2) US College Campuses On Edge as Police Move In 3) Investors Await Apple Earnings See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

On today's podcast: 1) NYPD Clears Protesters Occupying Columbia’s Hamilton Hall 2) Amazon Reports Strong Cloud Unit Sales on Rising AI Demand 3) Fed to Signal Delay of Interest-Rate Cuts See omnystudio.com/listener for privacy information.

Amazon's cloud unit posted the strongest sales growth in a year, a sign that the retailer’s most profitable unit is recovering from a slump as businesses resume spending on technology projects. The shares rose in extended trading. Bloomberg TV and Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg Intelligence Senior Analyst for E-Commerce Poonam Goyal and Bloomberg Intelligence Senior Technology Analyst Anurag Rana for instant reaction and analysis.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Columbia Students Occupy Building as Campus Protests Continue 2) HSBC CEO Quinn Unexpectedly Steps Down After Almost 5 Years 3) Amazon Earnings on Tap See omnystudio.com/listener for privacy information.

Paramount Global replaced Chief Executive Officer Bob Bakish, appointing a management committee as the board negotiates a possible change in control of the company. Three of Paramount’s most senior executives — film and kids programming chief Brian Robbins, Showtime/MTV head Chris McCarthy and George Cheeks, who leads CBS — will run the company, according to a statement released Monday. Bloomberg TV and Radio hosts Romaine Bostick, Scarlet Fu, Tim Stenovec and Emily Graffeo discuss the news. Then, Tim and Emily speak with Bloomberg News Entertainment Editor Chris Palmeri for analysis and reaction.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Steps Up Efforts to Secure a Truce in Gaza 2) Musk Leaves China With Tesla Driving System Hurdles Cleared 3) Stocks Gain as Focus Turns to Fed See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a look at next week’s Fed meeting and a preview of Apple earnings. In the UK – a look at the Vienna Conference on Autonomous Weapons Systems. In Asia -  a preview of Samsung earnings. See omnystudio.com/listener for privacy information.

Microsoft and Google parent Alphabet are both on the rise after delivering results that suggest their investments in artificial intelligence and cloud computing are starting to pay off.  For more on the results Bloomberg's Nathan Hager caught up with Gene Munster, managing partner at Deepwater Asset Management and Dan Ives, Senior Equity Analyst at Wedbush Securities. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Gain on Tech Rally 2) Supreme Court Wary of Trump Immunity But May Keep Trial on Hold 3) Anglo Rejects BHP Takeover Bid as Significantly Undervalued See omnystudio.com/listener for privacy information.

The world’s largest technology companies soared in late trading after stellar results from Microsoft and Google’s parent Alphabet fueled confidence in the market’s most-influential group. For instant reaction and analysis, plus a look ahead to what's next, Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with James Cakmak, Technology Analyst at Clockwise Capital.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Meta’s Miss Sparks Fear in Tech World With Big Earnings Looming 2) Supreme Court arguments on Donald Trump and presidential immunity 3) BHP Targets Anglo American in Bid Valuing Miner at $39 Billion See omnystudio.com/listener for privacy information.

Meta Platforms Inc. increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic tech bets will pay off for investors. Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Bloomberg News contributor Jon Erlichman and Bloomberg Intelligence senior analyst Mandeep Singh for instant analysis and reaction.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Senate Passes Ukraine Aid, Arms Shipments to Resume in Days 2) Biden’s Gains Against Trump Vanish on Deep Economic Pessimism 3) Tesla Speeds Cheaper EV Plans, Calming Fears Over Strategy See omnystudio.com/listener for privacy information.

Tesla says it will accelerate the launch of more affordable models after reporting worse-than-expected profit and revenue for a third consecutive quarter. Bloomberg Radio hosts Carol Massar and Tim Stenovec speak with Ross Gerber, CEO at Geber Kawasaki Wealth Management, Bloomberg Businessweek Columnist Max Chafkin and Bloomberg Technology co-host Ed Ludlow for instant analysis and reaction. See omnystudio.com/listener for privacy information.

On today's podcast:1) Hundreds Arrested at Elite College Campuses 2) Testimony Under Way at former President Trump's Hush Money Trial 3) Tesla Investors Gear Up for Key EarningsSee omnystudio.com/listener for privacy information.

 On today's podcast: 1) US Aid Gives Kyiv Respite But Battlefield Shift Remains Far Off 2) Opening Statements in Former President Trump's 'Hush Money' Trial 3) Magnificent 7 Set to Report Earnings See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – A preview of U.S core PCE and GDP data, and Tesla earnings. In the UK – A preview of European bank earnings. In Asia – A preview of Auto Show China See omnystudio.com/listener for privacy information.

 On today's podcast: 1) U.S. officials say Israel Launched a Retaliatory Strike on Iran 2) Aid Packages for Israel, Ukraine, and Taiwan Get a Push on Capitol Hill 3) The Jury's Seated in the Criminal Case against Donald Trump See omnystudio.com/listener for privacy information.

Netflix posted its best start to the year since 2020, attracting more new customers than anyone expected thanks to a strong slate of original programs and a crackdown on password sharing. Bloomberg Businessweek hosts Carol Massar and Tim Stenovec discuss with Bloomberg Surveillance co-host Paul Sweeney, Bloomberg earnings reporter Redd Brown and Bloomberg Intelligence senior US media analyst Geetha Ranganathan for reaction and analysis.See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Biden Calls China ‘Xenophobic,’ Ramping Up Campaign Rhetoric 2) TikTok Faces Washington Reckoning as Divest-or-Ban Vote Nears 3) Mester Says Fed Can Hold Rates Steady, Not In a Hurry to Cut See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Powell Signals Rate-Cut Delay After Run of Inflation Surprises 2) Trump Hush Money Trial Adjourns Till Thursday 3) Morgan Stanley Is Planning Biggest China Job Cuts in Years See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Israel Vows Response to Iran as US and Allies Urge Restraint 2) Trump Trial Off to Slow Start With Ex-President Appearing Bored 3) Fed’s Daly Says No Urgency to Cut, Policy in a Good Place See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Rise in Return to Calm as Oil Prices Slide 2) Trump’s NY Criminal Trial to Mark Milestone in American Politics 3) Goldman Set to Report Earnings See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the IMF and World Bank meetings, and U.S Retail sales. In the UK – a look at German Chancellor Olaf Scholz’s visit to China. In Asia -  a look at a slew of China economic data, including GDP, Industrial production and retail sales. See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Wall Street Awaits Bank Earnings 2) Apple to Overhaul Entire Mac Line With AI-Focused M4 Chips 3) Biden Cancels $7 Billion in Student Debt See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Traders See Fed Waiting Until After Summer to Cut as Yields Soar 2) US Sees Imminent Missile Strike on Israel by Iran, Proxies 3) Biden Administration to Issue Rule Closing Gun-Show Loophole See omnystudio.com/listener for privacy information.

On today's podcast: 1) Barrage of Short Wagers Leaves Bonds Primed for Post-CPI Squeeze 2) Biden calls Israel's handling of the war in Gaza a mistake. 3) Boeing Crisis of Confidence Deepens With 787 Now Under Scrutiny See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Bullard Says Three Fed Rate Cuts This Year Is ‘Base Case 2) Trump loses a bid to delay his New York hush money trial. 3) Senate GOP Leader McConnell Backs TikTok Divestment Bill See omnystudio.com/listener for privacy information.

On today's podcast: 1) Treasury Secretary Janet Yellen says US-China Relations are Improving 2) Israel is Removing Some Troops from Gaza as its Preps for Potential Offensive on Rafah 3) The Day of the Total Eclipse Catches the Nation's Attention See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S CPI data and bank earnings. In the UK – a look at next week’s ECB meeting and rate decision. In Asia -  a preview of China inflation data. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Wall Street Awaits March Jobs Report 2) Yellen Blasts ‘Coercive’ China Moves on US Firms, Urges Reforms 3) Biden Tells Netanyahu US Support Hinges on Protecting Civilians See omnystudio.com/listener for privacy information.

On today's podcast:1) Tensions deepen between President Biden and Israeli Prime Minister Benjamin Netanyahu2) Treasury Secretary Janet Yellen Heads to China for Talks 3) Disney Shareholders hand CEO Bob Iger a Win after Rejecting Nelson Peltz's Bid for a Board Seat See omnystudio.com/listener for privacy information.

On today's podcast: 1) Worst Taiwan Quake in 25 Years Kills Seven, Disrupts Chips 2) Biden Escalates Criticism of Israel After Aid Worker Deaths 3) Fed Blocks Tough Global Climate-Risk Rules for Wall Street Banks See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump $175 Million Bond Arranged by Billionaire Supporter’s Firm 2) Iran Vows Revenge on Israel For Strike on Consulate in Syria 3) June Rate-Cut Odds Dip Below 50% as Strong ISM Data Sinks In See omnystudio.com/listener for privacy information.

On today's podcast: 1) Fed Chair Jay Powell Reacts to PCE Data and Reiterates Rate Cut Outlook 2) Congress Returns to Address Ukraine Aid 3) Turkish President Erdogan Suffers Major Election Defeat See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the March jobs report and Disney’s annual meeting of shareholders. In the UK -  a preview of European core inflation data. In Asia – a look at a potential TikTok ban in the U.S, and a preview of China PMI data. See omnystudio.com/listener for privacy information.

Bloomberg's Nathan Hager and Michael McKee discuss the latest PCE data and reaction from Fed Chair Jerome Powell. Plus, reaction from Wells Fargo Senior Economist Sarah House.See omnystudio.com/listener for privacy information.

Bloomberg's Nathan Hager breaks down the latest PCE data with Bloomberg Economics and Policy Editor Michael McKee. Plus, reaction to the data from Tom Porcelli, Chief US Economist at PGIM Fixed Income, and Wells Fargo Senior Economist Sarah House. See omnystudio.com/listener for privacy information.

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has both captivated and overshadowed the crypto industry. Bloomberg Radio hosts Paul Sweeney, Alix Steel, Joe Mathieu and Kailey Leinz discuss, with instant reaction and analysis from Bloomberg Law host June Grasso and Bloomberg News legal editor Peter Jeffrey. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Colleagues Remember Former Senator and Vice Presidential Candidate Joe Lieberman, who Passed Away at 82 2) Search and Recovery Efforts Continue in Baltimore with Six Presumed Dead 3) The Fed and Investor Get a Slew of data Ahead of the Holiday Shortened Trading WeekSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Officials Promise Recovery as Search and Recover Operations Begin at the Francis Scott Key Bridge Collapse 2) A Judge Lays Out Rules for Donald Trump's New York Trial as his Startup Gains in Volatile First Day of Trading 3) BlackRock CEO Larry Fink Warns of a Looming "Retirement Crisis" in America See omnystudio.com/listener for privacy information.

On today's podcast: 1) A Baltimore Bridge Collapsed After Being Struck by a Large Vessel 2) A Federal Judge in New York has Ordered Donald Trump's Hush Money Trial to Begin on April 15th 3) The US Abstains on the UN Security Resolution Regarding its War with Hamas See omnystudio.com/listener for privacy information.

On today's podcast: 1) Former President Trump must post a nine-figure bond today to appeal his New York civil fraud judgment 2) Vice President Harris warns Israel against a major attack on Rafah 3) Russia charges four men in connection with the Moscow concert terror attack See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S PCE and GDP data, and a look ahead to Carnival earnings. In the UK -  a look at challenges for Europe’s chocolate industry ahead of Easter. In Asia -  a preview of BYD and China bank earnings. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Set for Best Week of Year After Dovish Tilt 2) Reddit’s Debut Jump Delivers for New and Old Shareholders Alike 3) Summers Criticizes Fed for Having ‘Itchy Fingers’ on Rate Cuts See omnystudio.com/listener for privacy information.

Shares of Reddit started trading today, after an IPO that valued the company near the top of its marketed range. Carol Massar, Tim Stenovec and Bloomberg's team of reporters discuss the IPO and the path ahead for Reddit.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Stocks Roar on Confidence Rate Cuts Are Coming 2) Reddit IPO Prices at Top of Range to Raise $748 Million 3) DOJ to Sue Apple for Antitrust Violations as Soon as Thursday See omnystudio.com/listener for privacy information.

Bloomberg's Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

Bloomberg's Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg SurveillanceSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump-Backed Moreno Wins GOP US Senate Primary in Ohio 2) US Weighs Sanctioning Huawei’s Secretive Chinese Chip Network 3) Fed to Give Fresh Clues on Path of Rate Cuts See omnystudio.com/listener for privacy information.

On today's podcast: 1) US Lawmakers Reach Deal to Keep Government Open Through Sept. 30 2) BOJ Ends Era of Negative Rates With Few Clues on Further Hikes 3) Wall Street Bonuses Decline Slightly Amid an Influx of BankersSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Putin Warns Russia Won’t Stop After Predictable Election Win 2) Apple Is in Talks to Let Google Gemini Power iPhone AI Features 3) Global Policy Decisions This Week See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US -  a preview of next week’s Fed decision and Nike earnings. In the UK -  a preview of the UK’s next rate decision. In Asia -  a look ahead at the RBA’s next monetary policy decision & Tencent earnings. See omnystudio.com/listener for privacy information.

On today's podcast: 1) TikTok Ban-or-Divest Bill Is Going Nowhere Fast in Senate 2) Fed Gets More Reasons to Delay Rate Cuts in Latest Data 3) Adobe Drops on Weak Forecast Fueled by AI Competition Fears See omnystudio.com/listener for privacy information.

On today's podcast: 1) TikTok Sell-or-Ban Push to Slow as Bill Hits Senate Turbulence 2) Trump Has Raised John Paulson, Others as Potential Cabinet Picks 3) Disney Focuses on Division Leaders in Hunt for Iger’s Successor See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Wins Republican Nomination, Setting Up Rematch With Biden 2) Griffin Says Fed Must Go Slow to Avoid ‘Devastating Course’ 3) TikTok Focuses on Senate as House Favors a Divestment Vote See omnystudio.com/listener for privacy information.

On today's podcast: 1) Jamie Dimon Warns US Recession ‘Not Off the Table’ Yet 2) Stocks Rise With Traders Hedging Post-CPI Moves 3) TikTok Divestment Bill Moves Ahead in House as Trump Wavers See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Warns Israel Not to Invade Rafah as Cease-Fire Talks Stall 2) Stocks and Futures Fall With Focus on US Inflation 3) Bitcoin Tops $71,000 for the First Time as Rally Builds Steam See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of U.S CPI and Retail sales data, and a look ahead to earnings from Adobe and Oracle. In the UK -  a look ahead to a major real estate conference on the French riveria In Asia – a preview of Hon Hai and CATL earnings.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Jump-Starts 2024 Race in State of the Union Aimed at Trump 2) TikTok Divestment Effort Gains Steam 3) George Santos Announces Another Run for New York House SeatSee omnystudio.com/listener for privacy information.

Hosts Joe Mathieu and Kailey Leinz lead special coverage of President Joe Biden's State of the Union address, with insight and analysis from Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino. Plus, hear reaction from Senator Dick Durbin, Representative Haley Stevens, and Representative Bryan Steil. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden Team to Lambaste Trump’s Economic Plans During Address 2) Powell Testifies Before Congress 3) NYCB Raises Over $1 Billion in Equity Led by Mnuchin’s Firm See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump, Biden Ride Super Tuesday Wins to Rematch Few Want 2) Nikki Haley Exits the GOP Presidential Race 3) Investors Await Powell Congressional Testimony See omnystudio.com/listener for privacy information.

Former President Donald Trump notched a series of Republican presidential primary victories as he barrels closer toward his party’s nomination. Hosts Joe Mathieu and Kailey Leinz speak with former Virginia Governor, Republican Jim Gilmore, Democratic pollster Celinda Lake and Bloomberg politics contributors Rick Davis and Jeanne Sheehan Zaino for analysis and reaction.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Millions Head to Polls on a Day That Will Shape the November Vote 2) Apple’s iPhone Struggles in China Deepen With a 24% Sales Plunge 3) China Sets GDP Goal That Needs Policy Support ‘From All Fronts’ See omnystudio.com/listener for privacy information.

On today's podcast: 1) Congress Unveils $436 Billion Plan to Fund Part of US Government 2) Fed’s Powell About to Double Down on ‘No Rush to Cut 3) Stocks Pause After Rally, Seek Rate-Cut Signals See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - Jobs Report, Jay Powell on Capitol Hill and Target earnings In the UK -  the government is preparing to present its tax and spending plans for the coming year  In Asia -  China's top political advisory body and legislature will be gathering for their annual two sessions  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Congress Approves Interim Funds to Avert US Government Shutdown 2) Stocks Begin March at Record Highs 3) NYCB Flags Weaknesses in Loan Oversight and Names New CEOSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Supreme Court Immunity Case Jeopardizes Trump Trial Pre-Election 2) Biden Is Too Old But Trump Is Dangerous, Swing-State Voters Say 3) US Futures Slip With Focus on Key Inflation Data See omnystudio.com/listener for privacy information.

Republican Mitch McConnell will step down as his party’s leader in the Senate after the November election. Here is instant reaction and analysis from the Bloomberg Balance of Power podcast, hosted by Joe Mathieu and Kailey Leinz.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden, Trump Win in Michigan, Edging Closer to 2024 Rematch 2) Congress Leaders Meet Biden, Are Upbeat on Averting Shutdown 3) Apple Ditching Car Effort Boosts Urgency of Bets on AI, Headset See omnystudio.com/listener for privacy information.

On today's podcast: 1) Biden to Meet With Congressional Leaders 2) Biden Hopes Gaza Cease-Fire Starts as Soon as Next Monday 3) Bitcoin Tops $57,000 Price Level for First Time Since Late 2021 See omnystudio.com/listener for privacy information.

On today's podcast: 1) Schumer Says Shutdown Risk Remains With Funding Deal Elusive 2) Netanyahu Says He’ll Soon Have Action Plan for Rafah Civilians 3) Koch Network to Stop Funding Haley in Blow to Her 2024 BidSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - Lowes earnings and fresh economic data In the UK - Its the Mobile World Congress in Barcelona  In Asia - Baidu earnings are on tap  See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Stocks, Futures Pause After Record-Busting Rally  2)  US Lands on Moon in Historic Feat for Private Spacecraft   3) Goldman Pushes Back Bet on First Fed Interest-Rate Cut to JuneSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Nvidia Surges After AI Boom Shows No Signs of Letting Up 2) Nasdaq Futures Up 2% as Nvidia Powers Global Rally 3) Goldman’s Beth Hammack, Set to Crack Top Ranks, Is Leaving See omnystudio.com/listener for privacy information.

On today's podcast: 1) Investors Await Nvidia Earnings 2) Amazon Set to Replace Walgreens in Dow Jones Industrial Average 3) Citi Lifts Fraser’s Pay to $26 Million as Investors Eye Overhaul See omnystudio.com/listener for privacy information.

On today's podcast: 1) Capital One to Buy Discover for $35 Billion in Top 2024 Deal 2) Barclays Vows to Return Billions to Investors in Overhaul 3) US Warns Israel Against an Attack on Rafah in UN Draft See omnystudio.com/listener for privacy information.

In this President's Day Special edition of Daybreak, we look at upcoming earnings from Walmart, Donald Trump's impact on the economy and London real estate. Hosted by Nathan Hager.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we look ahead to Nvidia earnings and minutes from the Fed In the UK - we preview this season of European fashion weeks. They're expected be as glamorous as ever, with the fashion elite descending on London, then Milan, and then Paris. In Asia - looks at what we can expect from the minutes of the Reserve Bank of Australia See omnystudio.com/listener for privacy information.

Tim Stenovec and Emily Graffeo host. Features analysis from Bloomberg legal investigative reporter Greg Farrell, Bloomberg politics contributor Jeanne Sheehan Zaino, Bloomberg Law host June Grasso and Bloomberg Legal Enterprise reporter Patricia Hurtado See omnystudio.com/listener for privacy information.

On today's podcast: 1) Verdict in Donald Trump’s civil fraud trial expected 2) Nike to Cut 2% of Workforce as Sportswear Giant Seeks Savings 3) Fed’s Bostic Says May Take ‘Some Time’ to Hit Rate-Cut Threshold See omnystudio.com/listener for privacy information.

On today's podcast: 1) At least 8 children among 22 hit by gunfire at end of Chiefs' Super Bowl parade 2) Trump Eyes NATO Makeover, Hurried Peace in Ukraine If He Wins 3) Cisco and Morgan Stanley Job Cuts See omnystudio.com/listener for privacy information.

On today's podcast: 1) Democrats win New York's special election to replace George Santos. 2) The House votes to impeach Homeland Security Secretary Alejandro Mayorkas. 3) Defense Secretary Lloyd Austin is released from the hospitalSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Snow prepares to blanket the northeast as winter storm warnings stretch from New York to Boston 2) Voters on Long Island head to the polls to replace disgraced representative George Santos 3) Inflation data takes center stage on Wall Street See omnystudio.com/listener for privacy information.

On today's podcast:  1) The Kansas City Chiefs win their third Super Bowl in five years  2) The White House ramps up pressure on Israel as the country launches more airstrikes in Gaza  3) A winter storm warning hits the northeast, threatening up to a foot of snow See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we look ahead to inflation data and Coca-Cola earnings In the UK - we discuss geopolitics ahead of the Munich Security Conference In Asia - key eco data is in focus as the BOJ weighs ending its interest rate policy See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden forcefully — and at times angrily — sought to combat suggestions his acuity was declining in a hastily-arranged press conference Thursday night 2) The US Supreme Court appeared poised to keep Donald Trump on this year’s presidential election ballot, as the justices weighed a historic clash over Colorado voter efforts to disqualify him over his role in the Jan. 6 Capitol riot. 3) President Vladimir Putin said Russia hasn’t achieved its objectives in Ukraine yet, adding in an interview with former Fox News host Tucker Carlson that he would consider negotiations if the US stops supplying weapons to Kyiv.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Walt Disney Co. is acquiring a $1.5 billion equity stake in Fortnite maker Epic Games Inc. as part of a collaboration involving Disney properties like Star Wars, Marvel and Avatar, the companies said Wednesday. 2) The Senate delivered a death blow to efforts to impose new border restrictions, blocking a carefully negotiated bipartisan compromise after former president Donald Trump and House Republican leaders denounced the deal. 3) Former Barclays Plc Chief Executive Officer Jes Staley has long maintained that he cut off his friendship with Jeffrey Epstein once he became boss of the UK bank. Legal documents seen by Bloomberg News claim that he had indirect contact with the late pedophile financier for years after that.See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden blamed Donald Trump for sinking a bipartisan immigration and Ukraine aid bill, saying the Republican frontrunner pressured members of his party to reject it in order to gain an advantage in the November election. 2) Nikki Haley suffered an embarrassing loss in the largely symbolic Republican Nevada presidential primary on Tuesday, while President Joe Biden secured an easy victory in the state’s Democratic vote. 3) New York Community Bancorp’s credit grade was cut to junk by Moody’s Investors Service less than a week after the regional lender alarmed shareholders by slashing payouts and stockpiling reserves to cover troubled loans tied to commercial real estate. 4) Walt Disney Co.’s ESPN, Fox Corp. and Warner Bros. Discovery Inc. are joining forces to launch a sports-focused streaming service that will feature major college and pro games usually seen only on traditional TV.See omnystudio.com/listener for privacy information.

On today's podcast: 1) A hard-fought bipartisan deal to impose new US border restrictions and unlock Ukraine war aid is on the brink of collapsing in the Senate, where Republican support crumbled in the face of opposition from GOP presidential front-runner Donald Trump. 2) UBS Group AG will buy back up to $1 billion in shares this year, as the bank seeks to keep investors focused on the upside of its complex integration of Credit Suisse. 3) Boeing Co. executives have spent the past month grappling with the aftermath of a near-catastrophe on an airborne 737 Max jet. As the US planemaker works through its latest crisis tied to manufacturing lapses, a new risk looms: a labor rift 10 years in the making.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%. 2) The US vowed more strikes against Iran’s forces and its proxies in the Middle East after three straight days of punishing attacks, even as Washington insisted it won’t be pulled into a prolonged regional conflict. 3) Senators released a bipartisan deal Sunday to impose new US immigration restrictions and unlock billions of dollars in Ukraine aid, a crucial step even as the measure faces long odds in the House. 4) Taylor Swift announces new album, 'The Tortured Poets Department,' while accepting GrammySee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Disney and Uber earnings In the UK  - we detail how big oil is grappling with geopolitics and climate change In Asia - we look to the Lunar New Year and the health of the Chinese consumer See omnystudio.com/listener for privacy information.

On today's podcast: 1) Meta Platforms Inc. and Amazon.com Inc. spent 2023 cutting costs and re-focusing their businesses. It was a strategy that upended the lives of tech workers in Seattle and Silicon Valley, but appears to have paid off handsomely for investors who are likely to continue reaping benefits. 2) Apple Inc.’s latest quarterly results triggered investor fears that the company is losing clout in China, a long-prized market that generates roughly a fifth of its sales. 3) A monthly US jobs report due Friday will probably show a slower pace of hiring in 2023 following annual revisions, according to Bloomberg Economics.See omnystudio.com/listener for privacy information.

On today's podcast: Federal Reserve officials cemented the end of their aggressive campaign to push up interest rates, and sought to reset expectations for how soon and how fast they’ll cut this year as inflation pressures fade. US megacap earnings are back in focus, with Apple Inc., Amazon.com Inc. and Meta Platforms Inc. all due to release results New York Community Bancorp may have its credit rating cut to junk by Moody’s Investors Service as the firm stockpiles money to cover troubled loans and spends more to fund operations. See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's latest policy decision See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance See omnystudio.com/listener for privacy information.

On today's podcast: 1) Nasdaq Futures Sink as AI Results Don’t Match Hype 2) Swing-State Voters Blame Biden for Migrant Surge at the Border 3) Musk Pay Package Voided, Threatening World’s Biggest Fortune  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Iran urged the US to use diplomacy to ease tensions in the Middle East, as Tehran braces for a military response to a deadly attack on an American base over the weekend. 2) US earnings grab the limelight later as the busiest week so far of this reporting season moves up a gear. Microsoft Corp. and Alphabet Inc. will offer the first evidence of whether the bullish sentiment around the so-called Magnificent Seven looks sustainable.  3) Elon Musk said that the first human patient has received a brain implant from his startup Neuralink Corp., a significant step forward for the company that aims to one day let humans control computers with their minds.See omnystudio.com/listener for privacy information.

On today's podcast:1) Iran sought to distance itself from a deadly attack on a US base in Jordan by a Tehran-backed militia, as President Joe Biden faced mounting pressure to order a harsh response against the Islamic Republic. 2) China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up the biggest casualty of a property crisis that’s upending the world’s second-largest economy. 3) Nikki Haley vowed to stay in the Republican presidential primary race at least through Super Tuesday while chiding a tabled plan by the Republican National Committee that called for the party to coalesce around Donald Trump.See omnystudio.com/listener for privacy information.

Many shoppers in the Middle East, as well as in Muslim nations like Pakistan are shunning big foreign brands, driven by a wellspring of anger against Western countries for their support of Israel during the war with Hamas. In this special podcast, Bloomberg reporters Leen Al-Rashdan and Salma El Wardany discuss the effects of the boycott movements, speak to those who've changed their spending habits, and to businesses who've seen an increase in sales as consumers make the switch to more local brands. Hosted by Daybreak Europe's Stephen Carroll. For more from the team, check out the Daybreak Europe Podcast. Every episode delivers the day's top stories, with context, in just 15 minutes. Available every morning by 7am GMT in your feed.  Subscribe On AppleSubscribe On SpotifySubscribe On Youtube Subscribe On Podcast Addict Subscribe On AudibleSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Apple earnings and look ahead to the Fed Meeting In the UK  - we look ahead to the Bank of England rate decision In Asia - we talk a look at the over picture of the Chinese economy See omnystudio.com/listener for privacy information.

On today's podcast: 1) Intel Plunges After Forecast Casts Doubt on Comeback Bid 2) Apple Overhauls App Store and iPhone Features to Appease EU 3) US Extends Lead Over China in Race for World’s Biggest Economy See omnystudio.com/listener for privacy information.

On today's podcast: 1) Musk Fails to Convince Tesla Investors to Overlook Slowdown 2) Boeing Growth Plans Set Back as Regulator Blocks Higher Output 3) Trump to Take Witness Stand in Test of Demeanor in Front of Jury  See omnystudio.com/listener for privacy information.

On today's podcast: 1) Trump Racing Toward 2024 Biden Rematch After New Hampshire Win 2) Netflix Posts Best Customer Gain Since Surge During Pandemic 3) Alaska Air CEO Says Loose Bolts Found in ‘Many’ Boeing Jets See omnystudio.com/listener for privacy information.

 Former President Donald Trump won the New Hampshire primary, dealing a blow to his only remaining major rival Nikki Haley. Here is special coverage of the results, hosted by Bloomberg's Kailey Leinz and Joe Mathieu. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Says 24 Soldiers Killed in Gaza in Worst One-Day Toll 2) Trump Urges New Hampshire to Reject Haley in Final Primary Pitch 3) Bill Gross Says Fed Should Stop QT, Cut Interest Rates Soon See omnystudio.com/listener for privacy information.

On today's podcast: 1) DeSantis Pulls Out of Presidential Race, Backs Trump 2) Israel’s Netanyahu Rejects Hamas’s Terms for Hostage Release 3) Stocks Rally as Wall Street Set to Build on Record See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview Netflix earnings and look ahead to inflation data In the UK  - We look ahead to the  first European Central Bank meeting of the year In Asia - will the Bank of Japan end the World's last negative interest rate In Washington - we head to New Hampshire for the country's first primary election of the 2024 Presidential race.   See omnystudio.com/listener for privacy information.

On today's podcast: 1) Houthis Fire Missiles at Another US-Owned Ship in the Red Sea 2) Congress Approves Funding to Avert US Government Shutdown 3) Apple to Get First Taste of Shopper Demand for $3,499 Vision Pro See omnystudio.com/listener for privacy information.

On today's podcast: 1) Oil Advances After Twin Middle East Strikes 2) US Strikes Yemen Again as Houthi Shipping Attacks Continue 3) Apple to Sell Watches Without Oxygen Feature After Legal Setback See omnystudio.com/listener for privacy information.

On today's podcast: 1) Treasury Secretary Janet Yellen called on lawmakers to pass a temporary spending bill this week and avert a partial US government shutdown. 2) The European Central Bank is likely to cut interest rates in the summer, according to President Christine Lagarde. Interviewed at Bloomberg House in Davos by Francine Lacqua, she was asked if there could be majority support for such a move, given that several policymakers have signaled that timing. 3) Apple Inc.’s iPhone dethroned Samsung Electronics Co. devices to become the best-selling smartphone series over the course of 2023, the first time South Korea’s largest company has lost the top spot since 2010. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin in Washington. That's where a temporary spending bill to avoid a government shutdown this weekend has cleared its first hurdle. Bloomberg's Amy Morris has more from the nation's capital. The Senate voted to advance the measure that will fund some federal agencies through March first and others through March eighth. The interim funding is the support of congressional leaders, including House Speaker Mike Johnson, so the prospects for passage in both chambers are good. Does not include several disputed items like eight for Ukraine restrictions along the US border or an eighty billion dollar business tax package. And there are hard right conservatives in the House who oppose funding agencies at current levels, but Speaker Johnson can bypass them by relying on Democrats for support. In Washington. Amy Moore as Bloomberg Radio. All right, Amy, thanks well. Now to the latest on the race for the White House. It's on to New Hampshire for the Republican candidates, and Bloomberg's at Baxter reports are really starting to heat up. Nicki Haley has been very careful not to directly attack Donald Trump, but one day after Iowa as she's calling him a bully and a liar. Trump lamb based Haley as a disaster. Now this all comes with polling that chowse the two very close. In New Hampshire, Real Clear Politics has Trump by about fourteen points, but the American Research Group even called it dead even at forty four percent, with Ron Desatus at only four percent. Tomorrow's schedule debate has been canceled because Haley declined if Trump wasn't going to be there at Baxter Bloomberg Radio, Okay, and thanks. Now let's turn to the Middle East. Israel and Hamas have reached a deal to deliver medicine and other aid to Gaza. That's according to the government in Kadra, which says this is in exchange for medicine reaching the hostages being held by Hamas. White House National Security Advisor Jake Sullivan says there is still a risk this war widens to a regional conflict. We do see a pathway to a shift in the military campaign in Gaza, a reduction in tensions and the exchange of fire along Israel's northern border, a reduction in the risk of escalation in other parts of the region, and we'll have to continue to deal with the Hoothi threat. National Security Advisor Jake Sullivan spoke from the World Economic Forum in Davos. Israeli President Isaac Herzog plans to bring the families of hostages to the slopes in Switzerland today to step up pressure for their release. Well, Nathan, back here in the US, we are waiting for a key economic group board as doubt grows on whether the FED will start cutting rates as soon as March, and we get the very latest with the Bloomberg's John Tucker, John and Karen. Retail sales probably increased in December. However, the control group sales, which strip out volatile items, that likely slowed to a more subdue pace. Traders are launching on every piece of data as the FAN enters a blackout period next week. Yesterday, Federal Reserve Governor Christopher Waller threw a little cold water around the idea of FED rate cuts as soon as March. With economic activity and labor markets in good shape, and inflation coming down gradually to two percent, I see no reason to move as quickly or cut as rapidly as in the past. With Wallner's comments, Transury suffered their biggest one day price drop in two months. Yield Seweragetan also drag stocks lower. John Tucker Bloomberg Radio, John thanks, rates are very much in focus overseas that the World Economic Forum. European Central Bank President Christine Legard said the ECB will probably cut rates by the summer. I would say it's likely too, but I have to be reserved because we're also saying that we are data dependent and that there is still a level of uncertainty and some indicators that are not anchored at the level where we would love to see them. ECB President Leaguard made those comments to Francine Lockwha at Bloomberg House in Davos. You can hear their full conversation on the Bloomberg Talks podcast. Well Nathan investors are scaling back their expectations for rake cuts from the Bank of England this year. Inflation in the UK unexpectedly accelerated for the first time in ten months. December's consumer price index was four percent higher than the previous year. On Wall Street, Karen JP Morgan Chase is bucking a trend, the bank plans to hire more workers. We caught up with JP Morgan president Daniel Pinto at Davos. We are employed at the end of the year around three hundred and twenty thousand people. So the number of people that employ has been growing and not ranking. So I think that where we see opportunities and we can have our clients, for sure, we'll focus on that. Daniel Pinto's comments come after JP Morgan closed out the most profitable year in US banking history. Also more banking news this morning, Nathan, the government is unveiling a long awaited rule that could slash the biggest bank's income from overdraft fees by as much as three and a half billion dollars each year. Under the regulation from the Consumer Financial Protection Bureau, banks would only be able to charge what it costs for them to break even for covering an overdraft or a bu by a specific cap that would effectively eliminate overdraft charges for customers, which right now average about thirty five dollars. Let's turn to some corporate news now. Karen Apple has reached a milestone. The company's dethroned Samsung to become the world's top phone maker in twenty twenty twenty three. IDC estimates the iPhone accounted for a fifth of the global market last year with close to two hundred thirty five million shipments. Apple's dominated recent holiday quarters, but the full year surge is unprecedented, and it suggests Apple is weathering an industry wide slump better than its rivals. And finally, Nathan, it was supposed to be the merger from Heaven, or at least from thirty thousand feet, but now a federal judges block Jet Blues three point eight billion dollar acquisition of Spirit Airlines. The judge says the combination with stifle competition and raise fares for consumers. Jet Blue and Spirit contended that consolidation is the only way smaller airlines can effectively compete with the dominant carriers. Time and not for look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris Amy, Good morning, Good morning, Karen. President Biden is worried about his supplemental bills stalling out in Congress, so he's inviting some of the key players to the White House today. Bloomberg's Nancy lyons with the latest. White House Press Secretary Karine Jean Pierre provided a list of those invited to the meeting, and then Biden will host congressional leaders from the Senate and the House, along with key committee leaders and ranking members. She says there's a lot to talk about, but President Biden has one topic he's especially concerned with. This is going to be about discussing critical importance of the President's Facial Security supplemental request. That's the proposal to further fund Ukraine, Israel, and Taiwan. Republicans are refusing to move on that until there's a consensus on a new border policy in Washington. Nancy lyons Bloomberg Radio. Secretary of State Anthony Blincoln says soil should be treated as a precious resource, telling the World Economic Forum in Davos that lack of food is causing unprecedented global migration flows at Russia's war in Ukraine and attacks by who they rebels and the Red Sea have made things worse. A parent who can't put food on the table for their children picks up the family and moves because it's the most basic thing, the most important thing that they can do. Lincoln says, the problem is likely to get worse as climate change threatens to reduce crop yields. Now Climate Envoy John Kerry, also at the World Economic Forum, says he's stepping down from the role within the Biden administration so he can take on a more vocal position for the Biden campaign. He assured other world climate leaders that yes, he'll still be around. I'm going to stay at this and there are so many different ways to continue to be able to be engaged in this. So unfortunately you're stock. You'll see me at the copy you see. Rivia Carrie says regardless of who wins the election, the global climate agenda will remain solid, and the World Health Organization says the number of adult tobacco users is on the decline. The organization says the biggest decrease in tobacco use is seen happening in lower to middle income countries. We have nineteen million less smokers than we had two years ago. That is the first time that we see such a decline. Doctor Rudiger Kresh is urging countries to continue putting control policies in place for tobacco. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thank you. We do bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines of the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Charny Atlanta Falcons, one of seven NFL teams looking for a head coach at indications that the Falcons are looking for a big name to be their new coach. The day after they interviewed Bill Belichick, they interviewed Jim Harbaugh, who previously had already interviewed with the Los Angeles Chargers. So Harbaugh clearly hasn't interest in returning to the NFL and leaving Michigan, where he just won a national championship. Reportedly, Harbaugh if he stays with Michigan wants it written into his contract that he can't be fired due to NCAA violations. Mike Tomlin has reportedly told his team in Pittsburgh that he'll remain as coach of the Steelers. It's the job he's had for seventeen years. The Steelers had only had three different head coaches in the last fifty four years. Jason Kelsey told his teammates in Philadelphia just after that blowout loss at Tampa Bay at the end of their season that he's retiring at age thirty six, thirteen years all with the Eagles. He won a Super Bowl, He went to the Pro Bowls seven times. Taulliat tadabaloo. That's to his younger brother, who's been playing quarterback for Maryland. Denied a waiver for another year of eligibility, so he journing the Pro Battle. The NBA's top two big man and Joe lmb And outplayed the Kola Yokiz. He scored forty one points in the second straight game. Philadelphia beat Denver one twenty six one twenty one big comeback and Phoenix, led by Kevin Durant, they were down twenty two to the fourth court of the Sun's rallied top Sacramento by two. Hockey of the Capitals are two nothing to win over Anaheim, kyl and Shops second right, Purdue an easy win at Indiana. John Skashanwer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on siriusxam, the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. European Central Bank President Christine Legard says aggressive bets on interest straight cuts from the financial markets are not helping policymakers with their task to bring down inflation, but she says it is likely the ECB will cut rates in the summer. Madame Lecguard spoke with our editor at large France seen Lockwow from the World Economic Forums Bloomberg House in Davos, Switzerland. Let's listen in to part of that conversation. Now, when you look at inflation, when you look at monetary policy, what's changed your mind on how quickly we get a cut from the ECB? You know, when I look at a year ago in doubles and when I compare that with where we are today, I see a slope downward, but certainly not a slope which is at target where we want it. So that's what we have achieved. I think in a little over a year, bring inflation back from where it was in October twenty two at ten point two percent down to a two point nine percent month and month December, and certainly with the prospect of keeping it down and further down because our target is two percent and we are you know, I would have said a year ago that we are determined we want to get it to SI I would say to you now that we are confident that we will get it to that target two percent medium turn. Are market's too optimistic on the industry. I'm not going to comment on markets. Markets do their job, they have their numbers, they have their objectives. What we do at the CB, and what I think most central banks would do, is work as hard as we can collecting data using artificial intelligence by the way for that, analyzing data, confronting viewpoints, checking models against empirical data, doing scenario analysis, and being as as comprehensive as we can to anticipate what's coming. And it's hard because what many people don't understand is that monetary policy works with a lag. So whatever we do now is going to have an impact in a few months and sometimes a year or two, and we have to take that in account to decide what we do, how long we hold, and what decision we make in due course. When you say that you gather data also with AI, it does AI also analyze because again you're looking at the current data. You're trying to forecast what your monetary policy is doing in the future. So is it algorithms? Like, how does that work? We do data collection a lot, we don't We don't determine monetary policy using algorithm and artificial intelligence. And I think that time we can check with the AI experts, of course, but I don't think that that time has come yet. When you look at again the forecast, and I understand you're not focused on the market, but if the markets prices that are not focused, we look at them, we look at what they say. We are attentive, but everyone has their job and we cannot, you know, sort of second guess what they will think that we are thinking that they are second guessing. I mean, it's it's a catch twenty two job, right, But if the market is too optimistic about cuts, does it actually hurt and not help the fight against inflation by doing that? I was going to ask you that, So it makes sure your job harder if if they're actually mispricing what you're trying to tell them, it is not helping a fight against inflation. If if the anticipation is such that you know, they are way too high compared with what's likely to happen. Is it too early to cry victory against inflation? How do you see it behaving? We are on the on the right path, We are directionally towards the two percent. But unless and until we are confident that it is sustainably at two percent medium term and we have the data to you know, support it, I'm not going to shout victory. No, not yet. How much is the inflation reduction thanks to your monetary power and how much of it is like, No, I wouldn't call it luck. I think two factors have played a critical role, and it's the decline in energy prices that we have observed. You know, energy prices pushed prices up massively, and energy prices decline of course has a similar impact. So that's number one. Number two the bottlenecks that we have observed as a result of COVID in particular, and which lasted quite a lot of quite a long time, has gradually faded out, and that also had an impact, you know, more supply, more availability of goods. Second factor. The third factor is monetary policy, and it's undoubtedly been effective, if only to anchor inflation expectations, which we know is really important. So it has had an impact on inflation itself, but it has definitely had an impact on inflation expectations, which by all accounts and all surveys and all measurements have come down and are really now broadly onto that two percent medium term target that we have. I know it's obsessive two percent medium term targets, but yeah, that's what it is. Yeah, but at least it's auld guide the markets, right, I mean, it's good to be upsetsed. Well, if they don't know that that's what we are aiming for, then they need to have the head examined, that's for sure. And then again talk to me a little bit about wage bargaining. So again is that going to be on the upside and could that change you know, the timing of a possible work. Well, I'm glad you mentioned wages in general, wage bargaining in particular, and I'll go to that, but I want to tell you that there are three things that I'm watching carefully. Wage bargainings, profit margins, energy prices, and hopefully not but the coming back of supply bottom Miex. Those are four key components which could have a serious impact on the work that we're doing against inflation. But back to your wage question. Wages have gone up, but relatively slowly, so in prices have gone up earlier and faster than wages, so we are now facing a moment of not only some degree of alignment, but catch up as well. So employees have lost purchasing power in the course of twenty one twenty two, and there is now a catch up effect in the bargaining discussions that are taking place. We will know a lot more, probably in April May, because the numbers the bargaining agreements are being negotiated in the first quarter of every year, and the results come in after the agreements have been closed, so that gives us indication that we can corroborate and verify in the late spring, I would say of of twenty four, that will be a strong indication our wages slowly catching up, and that catch up process will take place over the course of two or three years possibly, or is there a very strong catch up coupled with an alignment with inflation, which would give me concern because while we're not seeing today's second round effect, that could be the result of this sort of twofold process. Are you confident there will be a cut this year in interest rates? Confident? I'm confident that short off another major shock, we have reach reached a peak. Okay, Now we have to stay restrictive for as long as necessary to make sure that we get to that state where we're all saying, okay, confident that it is at two percent medium term. I know some people argue that maybe we are overshooting, maybe we're taking risks. I think the risk would be worse if we went too fast and had to come back to more tightening, because we would have wasted all the efforts that everybody has put in the last fifteen months. The US election, Yeah, let me have some coffee. How arid are you about the US election? It's for the American people to decide what they want with their politics, with their government. With their future. But obviously we are all concerned about it because the United States is the largest economy, the largest defense country in the world, and has been a beacon of democracy with all its upside and downside. But this is what they should be considering, and of course we cannot interfere with their choice. It's their choice and that's the beauty of democracy. But we have to be extremely attentive and anticipate, just as we do with inflation. You know, we do scenarios. What if, what if? Then what do we do? Because that's the real question. And you know where I sit now in Frankfurt, head of the ECB, I think that we have to be strong as Europeans and not assume that we can rely on whoever our friends are around the world, because these things change over the course of time, as we have seen. So what if Donald Trump gets into the White House, what are some of the policies that europe could be put in place to not be cut also between China and the US with Donald Trump and the White House. Well, for one, it has to be strong of its own and if I look at my own shop, because it matters to monetary policy transmission, I think that and you will hear that from others. We have to accelerate capital market union. We need financing in Europe. There is a lot of saving in Europe, and we have to make sure that those savings actually stay here to finance what needs to be financed, which is predominantly the climate transition, which is digitalization, which is enough industrialization conducted with a targeted approach so that we can on the key in the key areas be self sufficient. Are there policies that you would put in place now for Europe to I guess counter the US exceptionalism, which you know could be questioned going forward. I think I would accelerate many of the initiatives that have been taken, and I would encourage European leaders to put aside a little bit they respective idiosyncraty idiosyncratic differences to be more together because you know, it's a question of off size and scale, and Europe is a very large market, has a very sizable population, has capacity to innovate, has financing. It has to you know, be a little bit more cohesive together and forward looking. This is Bloomberg Daybreak today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak and beSee 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On today's podcast: 1) Donald Trump tightened his grip on the Republican presidential nomination after Iowa voters delivered him a victory in Monday’s caucuses and moved him one step closer to returning to the White House. 2) Microsoft Corp. Chief Executive Officer Satya Nadella said while he wants consistency and good governance at partner OpenAI, he’s not worried about the company’s nonprofit structure and doesn’t want greater control over his partner. 3) Slashed earnings estimates are creating the optimal platform for US companies to beat expectations this earnings season, according to Morgan Stanley’s Michael Wilson.See omnystudio.com/listener for privacy information.

In this MLK Day Special edition of Daybreak, we look at the global outlook for oil after the airstrikes in Yemen. Plus, Cleveland Fed President Loretta Mester says March is probably too early for a rate cut. Hosted by Nathan Hager. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we preview the week's upcoming economic data, including retail sales.  In the UK - we look ahead to the World Economic Forum in Davos In Asia - we discuss the current climate for chipmakers in China  In Washington - with the Iowa caucuses right around the corner, new polling suggests that the Republican race is tightening. See omnystudio.com/listener for privacy information.

On today's podcast: 1) US and UK Strike Yemen’s Houthis After Red Sea Ship Attacks 2) Bank Earnings on Tap 3) Bitcoin ETFs Take Wall Street by Storm See omnystudio.com/listener for privacy information.

On today's podcast: 1) US regulators for the first time approved exchange-traded funds that invest directly in Bitcoin, a move heralded as a landmark event for the roughly $1.7 trillion digital-asset sector that will broaden access to the largest cryptocurrency on Wall Street and beyond. 2) A monthly report on US consumer prices due Thursday will probably show another soft inflation reading thanks in part to more declines in the goods sector, according to Bloomberg Economics. 3) Nikki Haley and Ron DeSantis immediately went on the attack in the final Republican debate before the Iowa caucuses, relentlessly accusing each other of lying and flip-flopping on issues. 4) The judge overseeing New York’s $370 million civil fraud trial against Donald Trump derailed the former president’s plan to make a statement during closing arguments in the case Thursday, citing Trump’s refusal to agree to standard court rules about what he can and cannot say. Full transcript:  Good morning. I'm John Tucker and I'm Karen Moscow. Here are the stories we're following today. Bitcoin is trading up seven tenths of a percent to around forty six two hundred and forty dollars. This comes after US regulators for the first time approved exchange traded funds that invest directly in bitcoin. It's a move heralded as a landmark event for the roughly one point seven trillion dollar asset sector, and Bloomberg Crypto editor Anna Aurera says it will broaden access to the largest cryptocurrency the hope. Bitcoin proponents and sort of crypto proponents think it's a big deal because it sort of gives easier access to mainstream investors to investing in crypto. One of the big issues with cryptocurrencies is that you need to self custody it, and that that's exposed is used to hacks and people just stealing your asset. In this case, you would have a custodian like coinbase sort of people that do it professionally holding the underlying bitcoin, and you're just buying shares in it. Bloomberg Santa Rara says the sec authorized funds from industry heavyweights black Rock and Vasco and Fidelity to smaller competitors including Valkyrie, to begin trading today. Well, John, reaction is pouring in after the approval of the bitcoin ETF and we come up with SEC Commissioner hester Purse. I'm delighted that we're at the end of this saga. I know there's still there's still u there's still pieces of it to go, but I think this is a big milestone. The decision by hester Perse and the SEC comes a day after a false post on the SEC's x account claiming that the agency had approved the ETFs. The regulator subsequently said that the account had been compromised and OARC Investment Management. Kathy Woods says the approval of the spot bitcoin ETF will be a price moving event long term. She spoke with Bloomberg's Carol Masser after the SEC decision. I was speaking to Eric belchunis her colleague, and according to his estimates, there's there's four billion dollars waiting, you know, in the wings. And I said to him, well, from your lips to God's ears, that would be amazing. Kathy would also slam the SEC Cherry Gary Gensler. She says Gensler denigrated the whole cryptospace by reiterating the agency does not endorse digital assets. Well, we want to turn to the economy now, John, and Wall Street is bracing for the latest inflation report. Economists are forecasting consumer prices rose two tenths of a percent in December. Let me get a preview from Bloomberg's Michael McKee. The question going into the CPI report is who will care? The Fed is already locked into no change at the January thirty first meeting, so and as expected number won't affect the Central Bank's decision. It's the bond market that matters, at least in the short run. Headline inflation is expected to rise a base effect because inflation printed negative in December of twenty twenty two, but core inflation is forecast to keep falling. That's what the Fed wants to see. Michael McKee, Bloomberg Radio. All right, thanks Mike. The ahead of the New York Federal reserves as the interustrates are now high enough to bring down inflation. But John Williams also suggest that policy makers need more evidence that price rises are slowing before they start easing. My base case is that the current restrictor stance in Monte policy will continue to restore balance and bring inflation back to our two percent longer run goal. I'll expect that we will need to maintain a restricted stance of policy for some time to fully achieve our goals, and it will only be appropriate to dial back the degree of policy restraint when we're confident that inflation is moving towards toward two percent on a sustained basis, as New York Fed President John Williams, adding that any rate cuts would be dependent on the path of inflation and the economy. Turning to politics, the gloves were off during last night's Republican debate in Des Moines, Iowa, between Nicky Haley and Ronda Santis. During the debate on CNN, Hailey accused of Santus of mismanaging his campaign. He has blown through one hundred and fifty million dollars. I do know how you do that through his campaign. He has nothing to show for it. He spent more money on private planes than he has on commercials trying to get islands to vote for him. If you can't manage a campaign, how are you going to manage a country? Disantus accused Haley of making misleading statements about her record as governor. That word salad is the problem. Governor says he's always supported school choice and she failed to deliver. She blames other people. Leadership is about getting things done, stop making expect disantisin. Haley also talked about the border Ukraine, aid and abortion, and two people absent from the debate, Donald Trump and Chris Christie, the former New Jersey given or Chris Christie suspending his Republican presidential bid yesterday. From the moment I got into the race, the decision that I made was really simple. I would rather lose by telling the truth then lie in order to win. Christy also said he was going to make sure that he does not enable Donald Trump to ever be president of the U the United States again. Meanwhile, John Trump did not appear at the debate because he was at a nearby town hall. Today, the GOP front runner set to make an appearance in New York at the civil far on trial against him and Bloomberg's Amy Morris hands the latest. Today's hearing will cap a eleven week long trial in which New York Attorney General Letitia James seeks to ban Trump from the real estate industry within the state. Trump wants to deliver a personal statement while in court his own closing argument, but would not agree to the limits the judge said on what he could say, so he won't be allowed, just as Arthur Engern had already held Trump liable for fraud and is expected to deliver a verdict in coming weeks now. In addition to this case, Trump also faces five other trials, including a defamation suit in less than a week. Amy Morris Bloomberg Radio Time Now for a look at some of the other stories making news around the world, and for that were joined by Bloomberg's Amy Morris Amy Good Morning, Good Morning. Care and Transportation Secretary Pete Buddhajet says Boeing's tax nine airplanes airplanes rather, will remain grounded until regulators say that they are safe to fly. That dashes hopes for a quick return to the skies. Our concern and our fidelity is not to the success of any company. It is to the safety of the traveling public. Secretary Buddha judge did not specify how long it could take, but says the process will not be rushed. He adds Boeing has to demonstrate that every planet delivers to airlines is one hundred percent safe. President Biden's son is scheduled to appear in federal court today in Los Angeles on tax charges. Today's hearing will be an arraignment for Hunter Biden, who was accused of choosing not to pay more than a million dollars in taxes and evading other taxes. House Republicans yesterday conducted a hearing to hold Biden in contempt of Congress for defying a subpoena to sit for a closed door deposition, but Hunter Biden made a surprise visit and said he would only testify in a public forum. Biden's attorney, Abby Lowell Hunter chows a hearing we're Republicans or could not distort, manipulate, or misuse that testimony. And Republicans have tried to tie Hunter Biden's business dealings to his father, but acknowledge they have found no concrete evidence of wrongdoing. And former President Donald Trump is staying quiet on who his choice for a vice president might be. Well, I can't tell you that, really, I mean, I know who it's going to be. Give us a hint. I'll give you. We'll do another show sometime. During last night's Fox Newstown Hall event, Trump said he's open to his vice presidential choice being someone who's currently competing against him for the GOP nomination. Experts who identify and manage global risks say there is a high chance of a global catastrophe happening within a decade. The World Economic Forum survey shows nearly two thirds of respondents expect the higher chance of disaster in the next ten years. About thirty percent expect the same in the next two years. The report sites risks from misinformation, a potential recession, and extreme weather events, and a record number of Americans are signed up for the Affordable Care Act. This year, the Biden administration announced more than twenty million people signed up for health insurance plans under ACA, beating last year's record of sixteen million, and that number is likely to increase as Americans have until January seventeenth to enroll Global News twenty four hours a day and whenever you want with Bloomberg News. Now I may me Morris and this is Bloomberg Karen we Amy. Thank you what we do bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. You can just subscribe to Bloomberg and News Now to get the latest headline to the click of a button. You can get informed on your schedule. You can listen and subscribe to Bloomberg and News Now on the Bloomberg Business Now, Bloomberg dot com plus Apples, Spotify, and anywhere else you get your podcasts. And it's time now for the Bloomberg Sports Update. Here's John stash Hour John Ken. To truly appreciate what Nick Saban accomplished as the football coach at Alabama, you have to look at where the program was before he got there. They had a couple of seasons with only four wins, another with three, and he only won seven in his first season on the job. But in his next sixteen years, Saban won one hundred and ninety nine games and lost only twenty three. He won six national championships in a twelve year span, and when you throw in that he also won one at LSU. Saban has to be considered one of the greatest coaches, if not the greatest, in college football history. He's retiring at the age of seventy two. Still at the top of his game. Alabama nearly beat the eventual national champion Michigan in the College Football Playoffs semifinals. Pete Carroll also seventy two years old. He's no longer the coach of the Seahawks. He was great at USC went to Seattle and in fourteen years got the Seahawks to the playoffs nine times, won a Super Bowl. He won fifty one more games than any other coach that the Seahawks have ever had. And now seven NFL teams are looking for a new coach, so that doesn't count. In New England, where seventy one year old Bill Belichick is expected to de park Kawhi Leonard a new deal with the Clippers. He would have been a free agent after the season. It's a three year extension. Ought to make a little under the Supermax Clippers. One last night so to the Celtics in overtime over Minnesota. Boston now eighteen and zero at home, the Wizards dropped to six and thirty one. They lost that Indiana. John stash Aller Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on sirisxam the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm John Tucker. We want to continue our coverage of the SEC authorization of bitcoin spot ETFs and what the breakthrough means for the broader crypto space. Yesterday, Archie Investment CEO Kathy Wood, longtime Bitchi Bull, joined Bloomberg BusinessWeek host Carol for a conversation on Bloomberg Radio and the platform X discussing the SEC decision and what it means for bitcoin and other digital assets, and the statement afterwards from the SEC Commissioner, Gary Gensler. Let's bring you part of that discussion right now. When you're talking about institutions that you know have been very fearful of this space because of Gary Gensler, and you know all of the drama, I think they're going to tread lightly. I don't know if you saw, but Gary Gensler put out a piece today right as we're about to go effective, and I'm sure we all went effective roughly around the same time, and he just denigrated the whole crypto space, and I was just like, I couldn't believe it. So anyway, it's with that kind of trepidation that institutions are going to have to you know, work through and do all of their due diligence. However, I do think that a lot of investors have considered, you know, have been curious. And you'll see we've been from a marketing campaign. We've been using this tagline, aren't you a bit curious? There are so many people who are curious out there. Of course, a lot of our existing clients know all about bitcoin because we have owned it since twenty fifteen, but there are a lot of people who really have a hunger to know, and we can see that as more and more people read our research, tune into our Bitcoin Brainstorm that we do with Rod and Bitcoin Park in Nashville, Tennessee, read our bitcoin monthlies and you know, read all we have to say about crypto and blogs and in our brainstorm summary. So you know, we are getting all the curiosity. I think that's why we started. So we know a lot of people are waiting and believe it or not, Carol, the curious extend to state pension funds and state treasurers we're talking to, So it's a really broad swap. Well, catch people and I do wonder what you think success will be out of the gate in terms of investment flows. What's your hope, what's your goal or estimate in terms of bringing investors into the fund. Well, it's very interesting. I was we were I was speaking to Eric Beltunis, her colleague, and according to his estimates, there's there's four billion dollars waiting, you know, in the wings. And I said to him, well, from your lips to God's ears, that would be amazing. And you know, we hope we get our fair share of it. I mean, we've certainly, we've certainly done a lot to educate the community, and we experience a lot of gratitude for that too, from from from the innovation communities, including the bitcoin community, but also from the financial community, those who really are trying to find the next big idea. And can I ask you, as you mentioned SEC chair Gary Gensler at the top, and as the headlines crossed the Bloomberg that he the SEC approved all of those proposals for the spoppy coin ets yours included, along with everyone else the eleven. He also said investors should be cautious on crypto. He said SEC's action doesn't imply approval of crypto exchanges. And if you look at all the SEC filings yours included, there's a long list of concerns that there's This is still kind of a new concept and new idea. The old guard, you know, basically throw out there all kinds of risks and you know, some people call it fear uncertainty and doubt. It happens every time, Carol, And I'm not saying it's a bad thing for people to really do their homework. They should do their homework, they should understand the risks. But this is par for the course in disruptive innovation, you know, Everett. And thank you, Carol. You gave us our first interview twenty fifteen when we were barely off the ground. You believed in us back then. And at the time, you remember, we were talking about Tesla, So fear uncertainty and doubt, not even about autonomous which is the next set of fears, but about evs and wouldn't traditional auto manufacturers absolutely choked them to death. This is completely new DNA, and so it's the old DNA as the old car companies were the old DNA, you know, basically bashing the old new DNA. That was Arnick Advesce with Kathy Wood speaking with our Carol Master on Bloomberg Radio and the social media platform x and we continue our coverage of the approval of the Bitcoin ETF with the SEC Commissioner Hester perse Jones are Kelly Lines and Joe Matthew on Bloomberg's Balance of Power to discuss the implications of the SEC's approval of the exchange traded funds that invests directly in bitcoin, as well as the future of crypto regulation and the sec x account hack. Let's go to part of that discussion. I'm delighted that we're at the end of this saga. I know there's still pieces of it to go, but I think this is a big milestone. Well it's a milestone certainly for these bitcoin products, but it also raises a question of what sort of precedent this sets. If you look at the statement from the chairman, Gary Ginsler, he was very specific that this is specific to these bitcoin products, which are non security commodities, and there's a question of what this could mean in the future for essentially everything else. Is that door completely closed? The chair is right to point out that this is specific to a particular set of products. But obviously precedent matters, and so you look at the reasoning and people will do this. They'll look at the reasoning in the in the order, and they'll seek to apply it to other facts and circumstances as appropriate. So I think the only thing I will say is that one of my complaints in this area has been that we haven't always stuck with precedent when when it comes to these kinds of exchange traded products. We haven't necessarily applied the same standards that we do with respect to to other kinds of exchange traded products. But it is a precedent people will point to. That's the question. Of course, we're all asking whether it opens the door for other ETFs backed by other cryptocurrencies. Commissioner, is that in our near future? Again, you know, every application has to be considered on its facts and circumstances. But I one of the things that I think that we have to acknowledge is that when we when we apply a particular rationale to one particular product, people will ask us to apply it to other products as well. What kind of fiduciary responsibilities are there for investment advisors for their clients before allowing them to put money into these products. It's like anything else. A fiduciary is supposed to look out for the interests of the investors that she's working with, and that means taking into account the specific circumstances of that investor, the risk tolerance, the other elements of that investor's portfolio, and so it's not a cookie cutter answer one way or the other. Fiduciaries are paid to make good decisions that are appropriate for that particular investor. There were a few moments yesterday when we thought this had been approved a day earlier Commissioner, as you well know, everything worked out with the Twitter account at the SEC. Well it is, I mean, as there was a statement I think that came out saying that we are going to be looking into this and working with law enforcement at the WORD to figure out how this happened, how yesterday's event happened, and I hope that we get to the bottom of it, and I hope that we're as transparent when we explain what happened as we expect the companies that we regulate to be when they experience a similar event. Well, that certainly has gotten the attention of many on Capitol Hill. Commissioner, there have been many Congressional Republicans who have made their opinions known about the SEC under this chair for some time now. I'd also point to a statement that we got out from that House Financial Services Committee after this. They maintain that will legislatition to provide clarity and certainty for digital assets remain necessary. The steps taken today are a significant improvement over what they call the SEC's track record of regulation by enforcement until that legislation exists. Even with these approvals aside, should we expect that regulation by enforcement to continue? Well, I haven't seen much progress on US as a regulator setting out clear rules of the road when it comes to crypto products and services, and I think that that's been a complaint that I've had, It's been a complaint that others have had. We could just as we changed our tune here, we could change our tune on that, and so I remain hopeful that we will. That said, Congress has expressed an interest in legislating in this area, and I look forward to seeing their work in this area. And they have a clear interest in figuring out which regulatory which regulators should have authority in this area, and I look forward to seeing what comes of that. There are also just questions around fraud and manipulation. The argument initially about what Chairgainstler was so concerned with about these products in the first place. Spot products specifically compared to futures. Obviously, a court has ruled that that distinction was arbitrary and capricious. But do you share any concern if people put out false information about a traditional security, a traditional company, the stock of that company can also the price can also move. So this is not unique to bitcoin or bitcoin exchange traded products. Obviously, we will continue to look at the markets and at the markets for these bitcoin exchange traded products specifically, and if there is bad activity and it's it's within the ETP marketplace, we have authority there to investigate and bring enforcement actions as needed. You're listening to Bloomberg Daybreak today, your morning brief the story's making news from Wall Street to Washington and beyond. Look for us on your podcast beet at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one O six one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XMVI iHeartRadio app, and on Bloomberg dot Com. I'm John Tucker and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) A highly anticipated decision by the US Securities and Exchange Commission on whether to approve a spot-Bitcoin exchange-traded fund quickly morphed into a major cybersecurity incident on Tuesday. 2) Boeing Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings as it grapples with a safety incident that has renewed questions over the quality of its manufacturing. 3) Donald Trump’s claim that he is immune from prosecution was met with skepticism by a US appeals court panel, suggesting an uphill battle in his effort to avoid a criminal trial over his attempt to overturn the 2020 election in his final days as president. Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the drama surrounding the highly anticipated decision into the United States first exchange traded fund tied directly to bitcoin. We get the latest from Bloomberg's John Tucker. John, what's the latest, Nathan? You're going to add this to the long list of twists and turns in the ten plus year effort to bring a spot bitcoin to EDF to market. Somebody hacked the ex account of the Securities and Exchange Commission. It made a false posts the SEC had approved a Bitcoin ETF. The agency quickly denied any approval and said its ex account had been compromised. The false post on the SEC's X account was up for a number of minutes before the agency clarified it was inaccurate, But in that period Bitcoin posted a jump to almost forty eight thousand dollars before falling back to forty five thousand. About a dozen companies have applied to listingts back by bitcoin in the US. The SEC has until today to take action at least in one of those applications. I'm John Tucker, Bloomberg radio. All right, John, thank you well. Now we want to get the latest on the grounded Boeing seven thirty seven Max nine. The planemaker CEO Dave Calhoun says the company will have to face its own shortcomings as it deals with the door plug belowout on last week's Alaska Airlines flight. We're going to approach this number one acknowledging our mistake. We are going to approach it with one hundred percent in complete transparency every step of the way. We're going to work with the NTSB, who is investigating the accident itself, to find out what the weak cause is. I have a long experience with this group. They're as good as it gets. And Boeing CEO Dave Calhoun fought back tears as he addressed an all hands meeting on the incident. Alaska and United Airlines say they've discovered more Max nine jets with loose bulls after the FAA ordered the model grounded formally. Inspections still have not yet begun. All right, Keren, Well, let's turn to politics now. A federal appeals court appears skeptical of Donald Trump's claim that he's immune from prosecution on charges that he illegally tried to overturn the twenty twenty election. Bloomberg's Amy Morris reports from Washington. The former president was in the courtroom during the hearing when Appeals Court Judge Florence pen asked a Trump lawyer whether a president would be immune for having taken a bribe or ordering Seal Team six to murder a political rival. Trump's legal team responded that the president would have to be impeached and convicted first. At a press conference after the hearing, Trump said that denying him immunity would cause quote bedlam in the country. Trump is also expected to sit in on a hearing tomorrow in his civil fraud case in New York. In Washington, Amy Morris Bloomberg Radio, all right, Amy, thanks, so we're learning more about the hospitalization of Defense Secretary Lloyd Austin and the lapse in communication regarding his whereabouts. Austin had prostate cancer surgery on December twenty second, and was re admitted to the hospital on New Year's Day because of complications. National Security Council spokesperson John Kirby explained the timeline surrounding Austin's condition and when the president knew about it. He was not informed until last Friday that Secretary Austin was in the hospital. He was not informed until this morning that the root cause of that hospitalization was prostate cancer. National Security Council spokesperson John Kirby, the White House has announced a review of proto calls around Cabinet secretaries who are unreasonable or incapacitated. Well, another cabinet secretary, Secretary of State Anthony Blincoln, is still in the Middle East, Karen. He meets today with Palestinian President Mahmoud Abbas in Tel Aviv. Yesterday, Blincoln said Israel must stop undercutting Palestinian governance and rein in settler violence. Israel must stop taking steps that undercut Palestin's ability to govern themselves effectively extrame the settler violence carried out with impunity. Settlement expansion, demolitions, evictions all make it harder, not easier, for Israel to achieve lasting piece and a Secretary blinkn has met with the leaders of Saudi Arabia, Jordan, Cattter, the United Arab Emirates, and Turkey during his latest Middle East trip. Well, Nathan, we want to get back to the markets and update you on a story we told you about yesterday, It is now official. Hewlett Packard Enterprise has agreed to buy Juniper Networks for fourteen billion dollars. The maker of data center hardware will pay forty dollars to share in cash for Juniper. That price represents more than half of HPE's twenty one billion dollar market value and a thirty two percent premium over Juniper's closing price before talks of a deal emerged. Sticking with the tech theme, Karen Ces the Consumer Technology Association's annual trade show of all Things Tech is underway in Las Vegas, and Bloomberg Technology reporter Ed Ludlow is covering the show for US Day one at cs Las Vegas. The theme is definitely AI everything. Take, for example, Walmart, a big box retailer, but putting a lot of emphasis on a new generative AI search tool in the Walmart app on iOS only. Instead of searching for a specific item, the generative AI search allows you to look for an event or a theme. Then there's a kind of mainstay announcement. What was interesting is Google and Amazon both went after Apple's airplay, So in Google's case, they're working on the ability to cast video from an Android smartphone to a TV. Amazon actually want to step further. They developed technology where you can stream video from either an Android phone or an iOS or iPhone to Amazon's own TV hardware. Ed Ludlow for Bloomberg News in Las Vegas, Nevada. All right, Ed, thank you well. I did mention Amazon and they are also making news this morning at a different front. Bloomberg News has learned Amazon's live streaming site Twitch is poised to get thirty five percent of its staff, and that's about five hundred workers. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris Samy. Good morning, Good morning, Kieren. More than forty states are under blizzard, wind, snow or flood alerts. Winter storms continue to blanket the country. Bloomberg meteorologist Robed Carolyn significant storm system that spent the last twenty four hours wreaking havoc from the Great Lakes to the Gulf Coast. Now lifting out of the northeast. The worst of the weather of this morning across eastern portions of New England, but we'll still see snow on the backside of the system from Michigan into parts of the Ohio and Tennessee River valleys. Scattered showers are possible over Virginia and the Carolinas. The heavy rain, though in north in New England, should end, as should the snow, but windy conditions will continue from the mid Atlantic into the Northeast today. Bloomberg Meteorologist Rob Carolyn said at Republican leaders say Congress, we'll need another temporary spending measure to avoid a partial government shut down in ten days. How's Republican Matt Rosendale of Montana tells ABC he does not support the bipartisan compromise on spending. Cast we're still looking at about one point six trillion dollars spend in discretionary spending, and we're going to be holding a press conference with members of the House and Senate saying that we are more concerned with securing our southern border and making sure that that is taken care of than we are in writing another check to Joe Biden to continue his agenda, and the Senate Republican John Thune says they will need a stopgap measure to march. Minority leader Mitch McConnell acknowledged there's just not enough time to resolve lingering spending differences before the deadline. We need to prevent a government shutdown, and so the obvious question is how long does the cr need to be And that'll be up to the Majority leader and the Speaker to determine the links at how Speaker Mike Johnson has said he will not bring a continuing resolution to the floor for a vote. Vice President Kamala Harris was back in Atlanta for a roundtable discussion on protecting voting rights. We have seen in the state of Georgia by example of what is happening in the country, anti voter law laws that have limited dropboxes made it illegal to even provide food and water to people standing in line, often for hours. Vice President Harris met with city and state leaders near the Georgia Tech Campus. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now I Amy Morris in this is Bloomberg Karen, all right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg Radio, much as Amy said, but now also as she said, you can get the latest news on demand whenever you want it. You just subscribe to Bloomberg News Now to get the latest headlines of the click of a button, you can get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Well, and it's time now for the Bloomberg Sports Update. Here's John stash Hour John Karn. Just two years ago, Mike Rabel was the NFL the year he coached the Tennessee Titans to the AFC Championship game back in twenty nineteen. But after four straight winning seasons, two seasons under five hundred six to eleven, this past year and the Titans have fired dray Ball, and that immediately begins seculation that he could become the new coach of the New England Patriots, assuming Bill Belichick departs. Raybell played for the Patriots for eight years, won three Super Bowls. The biggest underdog of Wildcard Weekend the Pittsburgh Steelers. They have to go play red hot Buffalo, and the Steelers won't have their best defensive player, TJ Wantt out with a knee injury. Mason Rudolph will be their quarterback, and he was the third string QB for much of this season. Tyrese Haliburton has the strained hamstring injury, but it could have been worse. He's gonna miss only a couple of weeks. Haliburton averaging twenty four points the game. He leads the NBA in assists. The next have won five straight since they made that trade with Toronto. They blew out Portland. The Lakers top Toronto by one. Anthony Davis scored forty one. Memphis just lost John Moran for the season, but had to win at Dallas's Desmond Main score thirty two. Minnesota improving to twenty six and ten with a win in Orlando, Detroit falling to three and thirty four. The Pistons blown out by Sacramento. Perdue, number one in the college basketball lost at Nebraska Huskers, beating number one for the first time in forty one years, and second rank Houston, who was undefeated, was upset by Iowa State. John Stanshower Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius exam. The Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. As we still wait for a decision from the Securities at Exchange Commission on approvals for the first spot bitcoin ETFs. Investors briefly thought that decision was made yesterday, only to find out the SEC's social media had been hacked. New questions about security at the agency tasked with ensuring the security of your investments. Bloomberg's Crity Gupta is here with us now. To call this an embarrassment for the SEC seems like it might be understating things. Yeah, it's a really interesting and almost ironic situation that you see from the SEC and of course a lot of these bitcoin issuers, because at its core of the concern about this ETF was simply this idea that bitcoin is a very volatile asset. It's a decentralized asset, it's a hard to track asset, and that means that if you start to create a vehicle, in this case, an ETF that allows the masses and the general public easier access to this volatile cryptocurrency, basically, what might the repercussions of that be. Cybersecurity was one of them. Hacking was one of them. So it's only kind of ironic on a day where, or I guess the day before, where largely the expectation was that the SEC would actually give some sort of approval. That expectation also shared, by the way, by our Bloomberg Intelligence ETF team, that this is exactly how it all plays out on by the way, a social media platform owned by Elon Musk, who himself has been quite an advocate for the cryptocurrency, and he's also been at loggerheads with SEC chairman Gary Gensler in the past, not just about crypto but about his own trying to get Tesla to go private. We remember that four to twenty tweet a while back, and the history that Elon Musk has with the SEC. Yeah, and ironically, the SEC is now going to be investigating themselves for the idea of simply did the call kind of come from inside the house at the end of the day, because it's been investigated from the social media platform from ex's perspective about the actual hack itself, and it's been found out that it's actually wasn't a flaw in the platform itself. In fact, someone got a home hold of a number associated with the account. Because the account did have two factor verification, they were able to post something like this. But now there's a big question about whether that person or that individual or the organization was within the SEC. And for that ironically, again, the SEC now investigating themselves for market manipulation because it did move billions of dollars in cryptocurrency. Yeah, it's more than just an irony. It's raising a lot of questions about a security in and of itself within the SEC. Does this affect the timeline for whatever the SEC is going to decide about bigcoin ETFs to have this kind of hiccup, So the expectation is that it shouldn't affect the timeline. So by the end of today, basically we should get an actual decision by the SEC about whether they or not they approved or at least make a decision on at least one of the etf that a filed. Remember we have I believe six that are currently the attention is on. It could paved the way for plenty more after that, So it shouldn't change the timeline. If it does, however, it would be one to mark for the history books, because never in history of the SEC's approval process for ETF regardless of whether it's a Bitcoin ETF or just a different kind of asset class. Do they reject ETF this late in the process. And that's why you start to see a lot of the consensus again, including Bloomberg Intelligence saying that this ETF process for Bitcoin should be a no brainer simply because they wouldn't have let it get this far if approval wasn't in the cards. Is this going to raise questions about the approval process itself? To have this kind of question raised about what when the approval happened? After seeing that Errent tweet yesterday, I think it won't necessarily change the approval process because this was something that the SEC has been very outfront about, very transparent about about their concerns about Bitcoin in particular. I think it might create a little bit more of a hesitancy on the investor standpoint, because this was supposed to be the moment where you kind of let open the floodgates for a lot of people to get that easier access to cryptocurrency and more easily included in their portfolios. But that might now be met with a little bit more hesitancy because it reups, a lot of those issues of security, who's behind it, who's involved, and frankly, the fact that it is a decentralized currency and you can't track it, which is why it's so hard, even in this particular scenario to say who is behind this the cyber attack. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six one in Boston, and Bloomberg nineteen sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Serriusxmbiheartradio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day, right here on Bloomberg DaybreakSee 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On today's podcast: 1) Investigators probing the fuselage blowout on a Boeing Co. 737 Max 9 on Jan. 5 determined that the door plug moved upward before ejecting and that fittings holding the part in place came loose, as the two US carriers operating the now-grounded aircraft said their own maintenance checks uncovered loose bolts on the parked jets. 2) Donald Trump’s lawyers will spar with federal prosecutors Tuesday in a high-stakes court battle to determine if he is immune from charges of trying to overturn the 2020 election because he was president at the time. 3) US lawmakers demanded answers from the Pentagon after Defense Secretary Lloyd Austin failed to notify the White House about his hospitalization for four days, saying they weren’t satisfied with the explanation for his absence. 4) The White House’s “work is not done” when it comes to lowering prices for American consumers according to the president’s top economic advisor, Lael Brainard. That’s despite the recent slowing of inflation that has seen the headline consumer price index fall to 0.1% in November. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the investigation into the door panel blowout on a Boeing seven thirty seven Max nine. Bloomberg's John Tucker is here with the latest, John and Nathan. More and more of the focus is turning to bolts and whether they were properly tightened, as the NTSB tries to find answers to how that unused door panel blew off that Alaska Airlines Boeing seven thirty seven Max nine over Portland. Another airline says it's found loose bolts. United confirms it found loose bolts after inspecting identical door plugs as the one that blew out on the Alaska plane. NTSB chairman Jennifer Hamendi, we are aware of the reports of that are coming back from the inspections from United and Alaska and Boeing. Our team is collecting that information and there will be some follow up from the inspections. It's unclear how many loose polts were found. The NTSB may now broaden the probe into other Max nine jets beyond the Alaska Airlines model on which the accident occurred. It intensified scrutiny of the manufacturing process at Bowling and its key supplier, Spirit Aerosystems, which makes the fuselage for the seven thirty seven Max. I'm John Tucker, Bloomberg Radio. All right, John, Thanks well. Another major story that we're following this morning involves a high stakes court hearing in Washington, d C. Lawyers for Donald Trumpell's spar with federal prosecutors over whether the former president is immuniform charges of trying to overturn the twenty twenty election results. Bloomberg's Amy Morris has more from Washington. Oral arguments are set for today before a three judge panel with the US Court of Appeals for the d C Circuit over whether Donald Trump is shielded from prosecution for his actions before and during the January sixth riot at the US Capitol. Now Trump said on social media he planned to attend, but he is not expected to address the court. The judges could hand down their ruling at any time after the hearing, and a ruling in favor of Trump could be a fatal blow to the Justice Department's efforts to try him. While either side has the right to appeal. Neither the full DC Court nor the US Supreme Court are required to take the case, so this Court's ruling could be the final word in Washington. Amy Morris Bloomberg Radio, Okay, Amy, thank you will staying in Washington. Bipartisan anger is building against Defense Secretary Lloyd Austin. We get that story from Bloomberg's Dan Schwartzman. Politicians on both sides of the isle are demanding answers as to why Defense Secretary Lloyd Austin failed to let anyone know he was hospitalized on New Year's Day. The retired general didn't even let the White House know he was at Walter Reed Medical Center for four days, depending on a day after that. Austin was hospitalized, but did not tell the White House, Congress, or even the deputy Defense Secretary for several days. Republican Senator Susan Collins Remaine says it's quote inexplicable that the Secretary's condition remains shrouded in secrecy, while Massachusetts Democrat Seth Mulden says this astounding that the president in Austin's own deputy did know he was in the hospital. According to White House spokesman John Kirkby President Biden has no plans to replace Austin. Dan Schwartzman Bloomberg Radio. All right, Dan, thanks now to the latest developments in the Middle East. Secretary of State Anthony Blncoln says, who the militants will face consequences if they continue to attack ships in the Red Sea, he told reporters, and more violence will be detrimental for the region. It's clearly not in the interest of anyone Israel Lebanon Hasbola for that matter, to see to see this escalator and to see an actual conflict, and the Israelis have been very clear with us that they want to find a diplomatic way for it. Secretary of State Anthony Blincn meets with Israel's leader Benjamin and Yahoo later today. Let's turn back to markets now, Karen, As you mentioned, futures are lower following yesterday's rally on Wall Street that saw the Nasdaq surge more than two percent. In Asia, the knee Can in Japan closed at its highest level in thirty four years. Me and mole Nathan. Former bond king Bill Gross is signaling he is now steering clear of treasuries in a post on x gros said ten year treasury yields at four percent are overvalued. Gross made millions late last year after a big bet the Fed would pivot toward interest rate cuts for twenty twenty four. Well Karen, the President's top economic advisor, says the White House's work is not done when it comes to lowering prices for American consumers. Lyyle Brainerd spoke with Joe Wisenthal and Tracy Alloway on the Bloomberg Godlots podcast. Some prices have not come down, and we're fighting pretty hard to get those prices to come down. One area that really is difficult for Americans is healthcare. White House Economic advisor Lyle Brainerd ads the administration will use its position to continue calling out corporations who aren't passing along cost savings to consumers. For the full conversation, download the latest edition of Bloomberg Odd Lots that's available everywhere you get your podcasts. And Shares of Nvidia closed at a record high. The company's chip technology dominates in data centers used to create artificial intelligence software where now in Nvidia's announced new products to help the personal computer industry lower consumers with AIPCS. Another chip maker in the spotlight this morning, Nathan Samsung Electronics has posted at six straight quarter of declining operating profit. The results underscore how demand for smartphones and the memory chips remained sluggish given economic uncertainty, and shares of Match are up more than eight percent in early trading. That says The Wall Street Journal reports Elliott Investment Management has built a stake of about a billion dollars in the dating app company. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. Homeland Security Secretary Alejandro Orcis was an eagle pass taxes to meet with elected leaders and border patrol agents at the southern US border. Now, he says it's too early to tell if the significant drop in border crossings over the past week is related to the holiday season or stepped up enforcement operationations in Mexico. Our immigration system is outdated and broken and has been in need of reform for literally decades. On this, everyone agrees. Arizona Senator Kirsten Cinema, an independent who has been central in negotiations, says She's not sure whether text is going to be available, but she hopes there will be something to present this week. House Republicans are pushing to impeach may orc As Senate Republicans want him to help cut a border security deal. President Biden meanwhile moving to win back black voters. Bloomberg's Nancy Lyons has more on his trip to South Carolina. President Biden delivered remarks at Mother Emmanuel Ame Church in Charleston, South Carolina, where white supremacist killed nine people in twenty fifteen. Biden says, our country must deal with racism. It is a poison throughout our history. Driptest nation apart, says no place in America, not today tomorrow. Ever, Biden's favorability among black voters in seven swing states has slipped so seven percentage points since October to sixty one percent in December. That's according to a Bloomberg News Morning Consult poll in Washington. Nancy Lyons Bloomberg Radio. Now. Former President Trump wants his supporters to give him a definitive win in Iowa, even with a commanding, leaving the polls with less than a week before the caucuses. Trumps stressed turnout the people of this state are going to cast the most important vote of your entire lives. I believe that too very much. I used to say that twenty sixteen, and I believed it then, and now I believe this is even much more important. The Trump campaign believes a decisive Iowa victory would put pressure on his GOP rivals to drop out. Florida Governor Ron DeSantis and former South Carolina Governor Nikki Haley have failed to gain much significant ground in the Iowa polls against Trump. Next up New Hampshire January twenty third. That's where Nicki Haley has been gaining more momentum while still trailing Trump. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I Mamy Morris and this is Bloomberg Karen righting me. Thank you. We to bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app Bloomberg dot Com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karn. The Michigan Wolverines national champions in college footwall in Houston. They beat Washington thirty four to thirteen. It was a quick start for Michigan. First two possessions were both Donovan Edwards touchdown runs. They covered forty one and forty three yards. Michigan didn't get into the end zone again until the fourth quarter. Blake Korum scored capping a seventy one yard drive, and later Quorum scored again, coming after Mike Stanisil's eighty one yard interception return. Washington star quarterback Michael Pennix junior twenty seven of fifty one, did have two interceptions. Mission goes fifteen to zero, wins the national title for the first time since nineteen ninety seven, and the question now is if Jim Harbar returns as coach or heads back to the NFL. The Washington Commanders looking for a new coach after they had the second worst record in the NFL. They've got new ownership and Ron Rivera fired after four years on the job. Carolina Panthers already knew they were looking for a new coach now at GM as well as the Panthers fired to the manager Scott Fitterer. Celtics got forty points from Jalen Brown, but lost at Indiana one thirty three to one thirty one. The Pacers lost their star player Tyrese Haliburton a hamstring injury. He's headed for an MRI. John Moran is headed for a season ending shoulder surgery. Memphisis star guard was suspended for the first twenty five games of the season and ends up only playing nine games on the year. Wizard's thirtieth loss to the year beaten by Oklahoma City one thirty six to one twenty eight. The Bruins lost at Colorado four to three in a shootout. John Stash Edward Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius, Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager Boeing is working to get at seven thirty seven Max nine Jets back in the air after the FAA ordered them temporarily grounded following last week's door panel blowout. But the investigation into the cash cow for Boeing is finding more installation issues maybe than just the ones on that Alaska Airlines flight. For more, we're joined now by Bloomberg News Global Aviation head Benedict Campbell. Thanks for being here, Benedict. Get us caught up on the investigation so far. Good morning. So we heard from the NTSB again yesterday, the holding daily press briefings to give the latest update. And what we heard yesterday is that indeed they are still focused on this particular Alaska aircraft, but they've said that they might well be looking more deeply at other aircraft broadly, more broadly than just the seven three seven Max nine. Right now, the focus remains very much on that door panel, on that plug as they call it, that came flying out, and they're trying to determine what exactly caused that component to come loose. One thing that they did say was they are focused intensely on the bolts that are sort of a fixing that particular component. And speaking of bolts, we have heard from United Air and from Alaska that they've found some loose bolts on their aircraft, so obviously that's sort of the area around which the investigation is focused right now. How unusual is it to see these signs of improper tightening on an aircraft like this? Is this part of the reason why we're getting these suggestions that the investigation could go beyond the Max nine Absolutely, and this is obviously something you don't want to find on an aircraft. Is something that they have found, not just in this case, but also in previous sort of investigations where they looked at improper manufacturing. We had a misaligned drilling holes on some seven three sevens last year. Then we had some loose bolts in another part of a plane. So these defects appear to come up again and again. And you have to remember the Max, the seven three seven Max has a very sort of fragile reputation after these two crashes that happened almost five years ago. A lot of people still somewhat squeamish about that aircraft and an Abbus not Abbus Boeing have managed to repair that reputation, but somewhat fragilely. And the question now is will that pull them back into a hole. How can they emerge from that? Those are a lot of things they're trying to work through right now. Yeah, it raises the question about whether Boeing could be running into a crisis of confidence with flyers. Is that the concern for Boeing? That is very much the concern. I mean, we've seen the crisis of confidence on the side of the investors. If you look at what happened with the stock yesterday took a deep tumble. Spirit Aerosystems, that's the company that makes the fuselage for the seven three seven is by An is by far Boeing's most important supplier. They also dropped quite sharply yesterday. So there is a real crisis and confidence For the time being, it's the focus is very much sort of on the investor side, on the financial side. But if this spreads into a bigger crisis, say the flyers, the flying public, and then the customers ultimately, that will obviously be something very hard for Boeing to get back from. This had been the year, or supposed to be the year of the great comeback of Boeing. They've they've had a couple of difficult years, as I said, but they'd managed to get their manufacturing back in order, the orders and deliveries are back. They'd planned to really increase the output rate of the seven three seven. All of these things were sort of what lay ahead for them for this year, and right now it looks as if things will certainly low down for them quite a bit. The FAA, which is the regulator in the US, they're saying, not so fast. We want to make sure this plane is ready to fly again before we can unground it, and Boeing has to sort of comply with that. Is this something that could put the relationship between Boeing and Spirit Aerosystems in jeopardy? I mean, where could the blame potentially lie for this? Got about a minute left. It's a difficult relationship that these two companies have. Spirit used to be part of Boeing. Then it will spun out, but they're still very much sort of entwined and then locked in a slightly unhappy marriage here. They obviously Boeing needs to have very close quality controls at Spirit to make sure that the products that get shipped over to Boeing meet their standards, and that's something that hasn't always been the case in the past. So Boeing really needs to tighten the screws, as it were, on Spirit and make sure that they have the right people there, they have the right controls. There's new management at that company. Ultimately the buck stops with Boeing. They need to have the final sign off on the plane. You can blame Spirit and point your finger as much as you want at them, but the plane is ultimately sold by Boeing, so they need to make sure that the network is up to snuff. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the new you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

On today's podcast: 1) US air-safety officials retrieved the fuselage panel that blew off during an Alaska Airlines flight on Jan. 5, as authorities begin piecing together evidence to learn what led to the sudden decompression on the almost-new Boeing Co. 737 Max 9 aircraft. 2) US congressional leaders announced a deal on a top-line spending level for the current fiscal year, lessening the chances of a partial government shutdown on Jan. 20. 3) The Pentagon’s failure to notify President Joe Biden that his defense secretary had been hospitalized for four days was the result of a series of errors, including confusion over Lloyd Austin’s wishes and his chief of staff falling ill, people familiar with the matter said. 4) United Launch Alliance’s long-awaited Vulcan rocket lifted off on Monday, heralding a new era for the longtime Pentagon contractor fighting to expand market share against Elon Musk’s SpaceX.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - As earnings season kicks off, we preview what we can expect from some of Wall Street's biggest banks.  In the UK -  The economic trajectory will be back in focus in the coming days - as a batch of data will help tell us whether Britain may avoid a recession.  In Asia - Taiwan's presidential election is set for January 13th.The results will help shape the course of US-China relations for years to come.   In DC - With the race for President in full swing, we look at a new series of new Gallup polls focusing on the election. See omnystudio.com/listener for privacy information.

On today's podcast: 1) New York City and Boston are straddling the line between what could be a snowy weekend or just a lot of rainhttps://www.bloomberg.com/news/articles/2024-01-04/us-east-coast-braces-for-weekend-snow-or-rain-weather-watch from a system sweeping up the US East Coast this weekend. 2) A monthly US jobs report due Friday will probably show many industries refrained from hiring as employment gains increasingly concentrated in a handful of sectors, according to Bloomberg Economics. 3) The options market for US Treasuries was abuzz Thursday following the emergence of a large bearish wager that Friday’s jobs report will trigger the biggest backup in benchmark yields in more than nine months. 4) Secretary of State Antony Blinken left for his fourth trip to the Middle East since the Oct. 7 attack on Israel, as part of US efforts to counter growing risks of a broader regional conflict. Full Transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the first major winter storm to hit the East Coast so far this season. Let's get the very latest on that with Bloomberg meteorologist Rob Carol and Rob Nathan. The weekend storm is going to be worse to the north and west of the district in Baltimore, and also north and west of New York City and north and west of Boston. The major cities are going to see some mixing with rain that that's going to hold down the accumulations. But it's the areas to the north and west that are going to do quite well where it stays all snow. Three to five inches possible north and west of the district in Baltimore, while north and west of New York City as much as five to eight inches will fall. We could see as much as five to ten inches of snow north and west of Boston during the storm. Okay, Rob, So when do you expect this wintry weather is going to end. Storm's going to wind down during the evening and overnight hours in the district in Baltimore. In New York city. It comes to an end Sunday afternoon the Boston area. I will see it ending late Sunday night early Monday morning, and we should see quite a bit of an improvement weatherwise into Monday of next week. Okay, Rob, Carolyn, thanks for that. We'll be checking back with you for more on this East coast winter storm throughout the day. Mowe now turned to the crucial jobs are poored for the month of December. Nathan It's forecast a show one hundred and seventy five thousand jobs were added a last month, and we get more from Bloomberg's Michael McKee. Wall Street goes into today's jobs report expecting strength in hiring and wages. That was not what the Fed was expecting a few months ago. The central bankers want job growth of about one hundred thousand a month and unemployment in the fours to signal an easing of labor market inflation pressures. Instead, they're likely to get a continuing conundrum, a strong labor market but falling inflation, making it hard to know the best path for interest rates. They will probably focus on the composition of jobs. Some analysts say job growth should be concentrated in low wage sectors like healthcare, assistants and restaurants, and that will be the sign the Fed wants that the economy is slowing. McKee, Bloomberg Radio. All right, Mike, thanks for the options market. It's been a buzz ahead of the jobs report. There is a large parish wager underway on yields rising to four point one five percent by the end of the day. That would mark the biggest one day rise in tenure yields since late March. It would be a further retrenchment for treasuries following last year's furious two month rally. In checking the tenure right now, it is at four point zero three percent. Well, Nathan. Rates are also in focus overseas. Traders are pairing bets on cuts from the European Central Bank. Let's go to London and get the latest from Bloomberg's Ewen pots Hore Youwen, Karen, and Nathan. It's the first time since mid December that traders are betting on fewer than six quarter point rate reductions from the ECB. At the end of last year, the market was pricing as much as one hundred and seventy four basis points of cuts. That number has now slipped blow one hundred and fifty basis points and key data this morning, shining more lights on the inflation pitcher. You're area CPI coming in at two point nine percent in the year to December. That's a higher number than the previous month as energy subsidies expire in a number of countries. In London, you and pot Splomberg Radio, all right, you and thank you. Now we turned to the latest developments in the Middle East. Secretary of State Antony Blincoln is returning to the region, his fourth trip since the October seventh attack on Israel. Bloomberg Zamie Morris reports from Washington, there is a risk the war between Israel and Hamas can spread into a broader regional conflict. This trip is part of US efforts to prevent that. Secretary Blincoln will travel to Turkey, Jordan, Cotter, the United Arab Emirates, Saudi Arabia, Egypt, and Israel. State Department spokesman Matthew Miller says they don't expect some of these conversations to be easy. We want to prevent the conflict from spreading, but part of that means that people need to stop taking strikes against our soldiers, and if they take strikes against our soldiers, we're going to do what we need to protect ourselves. Groups backed by Iran have escalated attacks across Iraq, Syria, Lebanon, and Yemen and armed forces in a rocker also warning of a quote dangerous escalation after a US right killed a senior commander in an Iran backed militia in Washington, Amy Morris, Bloomberg Radio, all right, Amy, thanks. Meanwhile, the Islamic State group has claimed responsibility for the two explosions that killed almost one hundred people in Iran. The attacks risked inflaming tensions further in the Middle East, with Iran saying it had been targeted because of its stands on Israel. Bloomberg Henry Meyer looks at the impact of the Islamic State taking responsibility for the attacks. It's significant in the sense that it reduces the risks of a more confrontation between Israel and Iran. Iran had said that the bloss with the work of people who were trying to punish it for its stance on the Israeli offensive in Gaza. And you know, obviously any suspicion of Israeli involvement could have proved extremely explosive, and Bloomberg Henry Meyer notes US officials said from the start the attacks had the hallmark of a group such as Islamic State. Back here in the US, Karen, there's more fallout over the resignation of former Harvard president Claudine Gay. The Reverend Al sharped and led a protest at Bill Ackman's Manhattan offices yesterday. The civil rights activist says the billionaire investors campaign against Gay is a blow to the diversity, equity and inclusion movement. Gay stepped down as Harvard's first black president this week in a backlash over her handling of campus antisemitism and accusations of plagiarism. Meantime, Nathan Business Insider is reporting Bill Lackman's wife, Nary Auxman, plagiarized multiple sections of her doctoral dissertation at MIT. Acman responded to the report in a post on X, writing, you know you struck a chord when they go after your wife. Time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. Residents in the small town of Perry, Iowa, held a vigil last night, hours after a gunman opened fire at the local high school, killing a sixth grader and wounding four other students in the school's principal, Andrea Meyer, is a two thousand and four alumna at the school, and she spoke at last night's vigil green rally around our survivors, our community, our teachers, our first responders, and we're going to show them what we've shown them every day for as long as I have known that we appreciate them, enjoy them, respect them, and dare I say love them. The suspect, identified as seventeen year old Dylan Butler, a student at Perry High School, also died of an apparent self inflicted gunshot wound. Classes are canceled throughout the school district for today. Florida Governor Ronda Santis and former UN Ambassador Nicky Haley held back to back CNN town halls in Iowa last night as they fight to be primary GOP presidential challenger to Donald Trump, who already has a huge lead in the polls. DeSantis called Haley a phony who is quote playing for voters who are not even core Republicans. I'm the only one that has a chance to beat Trump and win the general election. Nicki Haley can't get conservative voters. She's the darling of the never trumpers. While in New Hampshire, Nikki Haley said of the primary process, quote, Iowa starts at New Hampshire corrects it. So she responded to criticism about that comment during CNN's town hall in Iowa. We're going to continue to be here. I mean, I've told people get used to this face, and I've been here over and over again. But if I didn't love Iowa, I wouldn't keep coming to Iowa. While they did take jabs at each other, Haley and Desantas also focused their attacks on front runner Donald Trump, and next week will be a busy one for Trump. Bloomberg's Nancy Lyons reports Donald Trump has two major court hearings next week. One of them is in Washington on his claim of immunity from charges he overturned the twenty twenty election that's set for January ninth, Then two days later, planning to attend the closing arguments in Manhattan that's for the New York civil trial against him and his sprawling real estate company. Days after that, the nominating process begins with the January fifteenth Iowa CAUCUSUS. Then a day after that, a civil defamation case against Trump begins in New York in which Ejing Carroll is seeking to million dollars in damages. It's unknown if Trump will be attending that trial in Washington. Nancy lyons Bloomberg Radio Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris, and this is Bloomberg Karen. All right, Amy, thanks soby to bring in news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now. You can get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app Bloomberg dot Com, but also apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports update. Here's John stash Hour John Karn. What a game in San Francisco, battle of the last two NBA champions. The Warriors had an eighteen point lead on the fourth quarter on the Nuggets, and then Denver closed the game on a twenty five to four run and he won at one thirty to one twenty seven thanks to Kolo Jokins thirty four points, ten assists, nine rebounds. He hit the game tying shot and then after a Steph Curry turnover, he hit the game winner, a forty footer that he banked in at the buzzer. Milwaukee won at San Antonio won twenty five to one twenty one. This was the first time that Jannis, sent to the Compo won against the guy that many field plays like, Giannis Victor Wembinama. Yanna scored forty four points. Wem bin Yama scored twenty seven. Ricky Rubio, retiring at age thirty three, twelve years and the NBA, played for four teams, most recently Cleveland, who bought out his contract. He was a professional player in Spain at the age of fourteen. Bruins lost at home to Pittsburgh six to five. Sydney Crosby wont it for the Penguin the power play goal in the third period. The Red Sox traded Chris Sale to Atlanta. He just got a two year extension with the Braves for thirty eight million dollars, despite all the injuries he's had in recent years. Week eighteen in the NFL starts tomorrow. Nine teams have Clint playoff spots. Five spots still up for drafts. Buffalo, Jacksonville, Tampa Bay, and Green Bay are in with Week eighteen victories. The winner tomorrow night, patried Houston, and Indianapolis is in the playoffs. Pittsburgh tomorrow needs a win and then a Buffalo loss on Sunday night. John Stashwer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Well. The first weekend of twenty twenty four is going to bring the East Coast the first major winter storm we've seen in quite a while, actually, so let's bring in Bloomberg beedrologist Rob Carolyn to help us get set for what's coming. What you're looking at, Rob, the first accumulating snow of the season for lots of us. It's taken a time for winter to get going, but it's going to get going now with Gangbusters Nathan storm coming out of the lower Mississippi River Valley is going to come up the along the East coast during the weekend, and it's going to bring us eisenble snowfall to many of the suburban locations around the major cities in the mid Atlantic and Northeast. This isn't a huge snowstorm for the District of Baltimore, for New York City or Boston because the ocean is still fairly warm water temperatures than in the forties. That influence is going to mean that we see Boston and New York City, and especially Washington and Baltimore mixing with and changing the rain at times. But once you get inland away from that influence to the ocean, there's going to be some sizeable snowfalls from say Frederick, Maryland, all the way on up through the suburbs north and west of New York City, and then well north and west of Boston. There could be some spots to get over ten inches of snow from this storm, no kidding. So, like you said, it's been a while since we've had a major winter storm along the East coast. I mean, or are we ready for this? I think we're ready. I mean we've had a lot of practice. Anybody over the age of fifteen has seen, you know, a number of snowstorms in their lifetime. But yeah, last winter, I think the deepest snow we saw in the Boston area was like three and a half inches in February. So I think the big problem is going to be pe will not used to driving in it because it's been over a year. The good news is it's falling on a Saturday night and a Sunday in many areas, so their traffic won't be as bad. We don't have school in session, so that'll be helpful. But people are definitely going to have to take some time, particularly in those areas where there's going to be that transition from a mixture of rain and snow to snow, because that snow will be heavier and wetter. Therefore it's more slippery, it's greasy. So those areas just north and west of Boston, New York City, Washington, and Baltimore really need to be careful when the precipitation's falling during Saturday afternoon through Sunday. Well, a lot of people who live along the Interstate ninety five quarriter know that that freeway is often right along the boundary between where rain and snow happens. I mean, if this system sticks around for a little bit longer than expected, could we be in for a pretty dicey Monday morning commute. I think Monday morning is going to be okay, particularly in the district in Baltimore, because it dries out Sunday afternoon, So I think the roadways are going to be okay. York City Boston different story. Those areas where they don't get a chance to clean up the slush along the I ninety five corridor. Temperatures are going to be going down Sunday night, and that's going to have the tendency allow those surfaces to refree. So it could be a little bit more dicey New York City on up in the Boston Monday than it is around the district in Baltimore since it is on the weekend. We think in good skiing, well, you know, the ski areas in northern New England and northern New York State really aren't going to see much from this storm. At all too far out to see. It'll be cold enough so they can make some snow. Where this is going to help out is the resorts in West Virginia and on up into Pennsylvania. They'll do fairly well. The Poconos are going to do great. This is going to be their best snowfall in a while, and they'll have real good conditions come Monday and Tuesday in the Poconos. But for northern New England northern New York State, I think the snowfall amounts are probably going to be under two inches. Well anyway, I guess this couldn't have come in a better time, happening on the weekend. But thanks for this, Rob. Again, that was Bloomberg meteorologist Rob Carolyn getting us ready for the first winter storm for the East Coast of twenty twenty four. Well, let's move on from watching the weather to watching the data. Investors have their eyes out for the last look at the US labor market in twenty twenty three with the December non farm payrolls report. Do out an eight thirty am Wall Street time here to get a set for those numbers. Simon French, chief economist at panmir Gordon Simon. Great to speak with you this morning. Now, the consensus on the Bloomberg terminal, it calls for more moderation, one hundred and seventy five thousand new jobs expected, a tick up for the unemployment rate to three point eight percent. What's your expectation, I think a little bit stronger. Good morning, Nathan. I think the big question for me is US labor market participation appeared to peak during the summer and come back down, but there's conflicting data points as to whether that labor supply pictures is true. And if we start a season more people coming back into the labor market, I think there's potential to still add more jobs than than that estimate. Yes, I think the big influence though for futures on interest rate expectations will be the unemployment rate rather than the number of jobs added, and that I think when you're looking at the kind of rules of thumb we sort of saw the Federal Reserve and moved to in their recent minutes, anything three point eight three point nine will start to firm expectations of the rate cutting cycle this side of the mid year. There's been a lot of talk about four percent potentially being the trigger point for the Federal Reserve to think about cutting interest rates further. Could we see an upside surprise? What's the potential for that? Well, I think four percent is being focused in on by a lot of analysts because of the Palm rule. This is the if you like, the equivalent in the labor market for what we know in the bondom market from a Yeald curb and version is a decent signal of a recession. The Psalm rule looking at er point five five percent increase on the twelve month low point for unemployment, and that would something like four percent would take you there, But you have to get there on a three month average, and we're not going to get that even if we get that print today. But what it would do is it would suggest that by February, the time of the February report, you potentially hit that farm or threshold, which could prepare the ground for rate cutting cycling Q two. So that is why I think analysts are focusing on four percent. Of course, we're going to be keeping an eye out for average hourly earnings as well. Labor force participation feeds into that as well. Where do you see wages going If we find evidence that companies are holding on to employees, or perhaps more people are coming off the sidelines. Yeah, so I think there's I think one of the failures actually of the economics profession in the last couple of years, it's been an inability to recognize that nominal pay awards take their queue from overall price inflation, and therefore I think the helpful price dynamics from gasoline prices, from overall prices coming down in the US economy or the rate of increase coming down, should ever a spillover effect into nominal wage awards. I think there's an over focus, perhaps two model driven from the way central banks model this stuff to look purely at participation in capacity rather than the signals coming from the overall price level. So I actually expect a continued moderation in nominal pay awards with the quits rate and job openings falling as well. What does that tell us, Simon about the state of the US economy. Are you still thinking that we could be in for a soft landing given where labor dynamics are right now? Nathan, I think you know I'm not a fan particularly of the soft landing hard landing descriptor, mainly because lists. Economists, they tend to define it that they see fits reverse fit their narrative. But if you're looking at a moderation of those jolt data points on quits on hires from some very very extreme levels and a moderation without overshooting, then actually that's the message we got from the Joltz data I felt, which is you are starting to hone in on more normalized levels of labor market churn, and that has to be a positive thing, whether it's a soft landing or hard landing in terms of the hard data of economic activity pass but on those metrics, it's quite encouraging. From the Federal Reserve, they've been able to engineer this. We've seen a lot of activity in the options market ahead of this report, a pretty big bet that we could see ten year yields rise more than ten basis points by the end of the day. What kind of volatility are you expecting off the back of this jobs report in the bond mar So, I think that's that would be my whether it's an hourly end of day expectation, some more medium term view from my perspective is the bomb mark has got over excited by the pace of potential rate cups. In my view, I think pricing in five to six for the year when it's unlikely the first pirmacy you're going to have enough data to start cutting before the middle towards the back end of Q two, that becomes a really difficult thing to do with only four better reserve meetings in the second half of the year. So I think that expectation that you allude to of slightly firming yield is consistent with perhaps a reassessment of quite how aggressive the FED can be in the data have in front of them. Got about a minute left here, Simon. Not only is the FED going to be focused on the labor market, but we've got inflation data, more inflation data coming out next week as well. Well. What's your expectation on where we could see consumer prices headed. Well, a lot of the base effects that have been driving US inflation lower over the last twelve months, and this is simply some very exceptional numbers leaving leaving the annual comparison. That does mean we're in for a period where the data is going to bounce around in a sort of stubborn stubborn range around three percent. And the question, I guess the Federal Reserve need to ask themselves not all just based on the data, but their understanding of how price setting is going on at district level as well. Is the degree to which that can over an eighteen month two year of you moderate back towards two percent of their central forecast suggest But actually the real economy is not necessarily showing those signs. So I think we're in for a period where month to month will dot around very uncomfortably higher levels than the two percent targets, and is consistently all be seeing in terms of commodity imple prices shipping rates providing less of a down with base effect push than the single last one month. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Several previously confidential documents related to Jeffrey Epstein were made public in federal court in New York after a yearslong battle over their release. 2) The US Supreme Court will chart the nation’s political future as it confronts a potentially stark choice over efforts to remove Donald Trump from this year’s presidential ballot for trying to overturn his 2020 election loss. 3) Iran said blasts that killed almost 100 people in a central province were aimed at punishing its stance against Israel’s invasion of Gaza, building on signs the war against Hamas could tip into a broader regional conflict. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with previously confidential documents related to Jeffrey Epstein, now made public in federal court in New York. This follows a year's long battle over their release. The documents were part of a twenty fifteen lawsuit against Epstein associate Glene Maxwell, who's serving a twenty year sentence for sex trafficking. Bloomberg editor Tony Aaron says, most of these documents have been seen, but there'd been redactions. A lot of people had thought there'd be some massive client list or a nice list of names that would be easy for them to follow. It wasn't anything like that. We've been getting about so far, about forty of what's probably going to be hundreds of documents, and in those we've seen names like Bill Clinton, Prince Andrew Britain, and a few others that are all very very familiar and Bloomberg's Tony Aaron says former President Clinton Andrev denied knowing about or participating in Epstein's appropriate conduct. Well, Nathan. Ties to Epstein have led to career downfalls for former Barclay CEO Jess Staley and Apollo Global Management co founder Leon Black, and they've harnished reputations of other high profile figures like Bill Gates and Leslie Wexner, though all have denied knowing about or participating in an inappropriate conduct with Epstein. Virginia Juphrey is the Epstein victim who sued to have these documents released. Paul Pelletier is a former federal prosecutor who's been following the case. Part of the reason why Jeffrey Epstein was prosecuted in New York, or at least was indicted in New York, was because Virginia Giffrey would not stop and former federal prosecutor Paul Pelletier was speaking there. Jeffrey Epstein was charged with sex trafficking in July twenty nineteen, but died by suicide in a Manhattan prison cell before he could stand trial. Okay, Karen, Let's turn to politics in the US now. Former President Donald Trump is now asking the Supreme Court to overturn the ruling and Colorado that has kicked him off that state's primary ballot. Bloomberg Legal editor Eric Latterson says this appeal has a number of possible outcomes. The court could rule, for example, that the Colorado Supreme Court didn't give Trump to process. That's another argument that Trump is making. He's also arguing Detection three of the Fourteenth amend that which you borrow's insurrectionist from holding office federal office, doesn't apply to the office of the presidency, and the Supreme Court could overturn that Colorado decision based only on those findings that they wished, without weighing in on whether Trump was an insurrection In Bloomberg's Eric Larson says the former president faces many ongoing legal cases, but he is still the front runner for the Republican presidential nomination. Now Nathan to an issue that's expected to weigh heavily on voters' minds in the twenty twenty four presidential election. Immigration at the southern border. Republican House Speaker Mike Johnson is pushing for a GOP only border bill, Democrats argue goes too far in securing the US border with Mexico. Johnson led a GOP delegation into the border yesterday as Republicans look to pressure Democrats on border policy changes. The impassover immigration has complicated congressional talks to avert a partial government shut down later this month, and puts more than fifty billion dollars in military at Ukraine at risk should talks collapse. As for rising tensions in the Middle East, care and authorities in Iran say two deadly explosions in a central province our retaliation for its stance against Israel. The US says it has nothing to do with the attacks. Bloomberg's Ed Baxter has the details, and it says neither did Israel. Iran is characterizing them as terror attacks. More than one hundred people killed. The blastnare the grave of Iranian commander Solomane. US State Department quick to respond, spokesman Matthew Miller, I do want to address some of the irresponsible claims that I have seen circulate and say that number one, the United States was not involved in any way, and any suggestion to the contrary is ridiculous, and number two, we have no reason to believe that Israel was involved. Miller says it's in no one's interest to see the conflict escalate, and note it comes a day after an attack in Beyrout that killed in Iran backed Hamas militant leader Ed Baxter Bloomberg Radio, all right, ed, thank you well. Separately, more than a dozen countries we're in the around backed Houthi group in Yemen against continuing their attacks on shipping in the Red Sea. The attacks have disrupted global commerce and triggered a build up of Western naval power in the area. Sources say the US and its allies are considering possible strikes against the Houthis. I'm a concern that the maritime task force launched by Washington may not eliminate this threat to the vital waterway, which normally handles about twelve percent of global commerce. Let's turn out to the economy, Karen and the release of the December FED minutes. Officials expect rates to remain in restrictive territory for some time, but they acknowledge those rates have probably peaked, and Richmond FED President Thomas Barkin says a soft landing is not inevitable. I'd caution you to focus less on the rate path and more on the flight path. Is inflation continuing its descent and is the broader economy continuing to fly smoothly? Conviction on both questions will determine the pace and timing of any change in rates. Richmond Fed president Thomas bark And also did not rule out a March interest rate cut. And in corporate news, Nathan's social media giant TikTok's looking to grow the size of its US e commerce business tenfold to as much as seventeen point five billion dollars this year. Bloombergy tech reporter Alex Spirinka says TikTok's ambitious target may pose a bigger spread to Amazon. Where TikTok is winning is on the fees they're imposing on verchips. They will be raising those fees to six percent in April eight percent in July, but those fees are still lower than Amazon seller fees. On TikTok, They're hoping that you're so engaged in trance and have an emotional connection to the people who are posting these videos that you trust them when they say they like a product, and that makes you want to buy it. And that's Bloomberg's Alex Spirenka. Now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Samy. Good morning, Good morning, Karen. We're watching a winter storm that's expected to bring snow, rain, and wind to the East this weekend. Bloomberg meteorologist Rob Carolyn has details first significant storm of the season looks like it's headed towards the Northeast and mid Atlantic this weekend. Now, the major cities are probably going to be spared heavy snowfall due to the fact the ocean's still warm, and there'll probably be some mixing with rain and d C Baltimore, also in the New York and Boston area, but north and west of I ninety five, that's where heavier snowfall is likely and less mixing or no mixing at all, and that's going to result in probably a three to six inch snowfall, if not more, north and west of Boston, New York City, and d C and Baltimore. The cities, though d C, Baltimore, New York, and Boston should only end up with about one to three inches as it looks like right now. Now. If this does materialize, it would be the first measurable snow in two years for DC, Baltimore, Philadelphia, and New York. A bomb thread email to officials several states yesterday briefly disrupted government affairs and prompted some state capital evacuations, but the FBI quickly dismissed the threats as a hoax. Connecticut, Georgia, Hawaii, Kentucky, Maine, Michigan, Minnesota, Mississippi, and Montana all the some of the states that evacuated state houses or buildings. Kay Kirkpatrick is a state senator in Georgia. I'm not even sure what would motivate somebody to do something like that that could potential result in loss of life. The FBI says it takes hoax threats very seriously and that investigation is ongoing. We told you how Donald Trump's legal team is appealing to ruling by the main Democratic secretary of State that he is ineligible to appear on the state's GOP primary ballot. Will Fellow GOP presidential candidates have called for that band to be reversed, including former South Carolina Governor Nikki Haley, who says taking Trump off the ballot will lead to more problems. Don't open a door you can't close, and this is a dangerous store to open, and we need the Supreme Court to s been quickly before we have too many states do this still. Haley says she's not surprised to see Trump in a new legal struggle. Scientists say they've developed a new kind of antibiotic to treat dangerous bacteria resistant to most current medicines. The researchers from Harvard University in Hoffman Laroach say the new antibiotic can effectively kill bacteria that cause serious long urinary tract and blood infections. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris, and this is Bloomberg Karen right, Amy, Thank you well. As Amy said, we do bring in the news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. Just subscribed to Bloomberg News Now. You can get the latest headlines at the click of a button. Get informed right on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com, plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John Stanshower. John Canon, the Lakers have hoisted a Championship enner this season. They won that NBA in season tournament, but overall they're under five hundred. Lost at home to Miami one ten to ninety six. Quiet night for Lebron James only twelve points. He shot six of eighteen. The Lakers have lost three in a row eight of their last ten. The Clippers, meanwhile, have won thirteen their last fifteen point thirty one one twenty two at Phoenix, Paul George scored thirty three points cow while Leonards scored thirty. Look at Gonson's went for forty one. Dallas blew out Portland by twenty nine. New Orleans won at Minnesota. That's the first two game losing streak of the season for the Timberwolves. Two top twenty five teams played. They both lost. Number twenty three Providence beaten by Seaton Hall, sixteenths Bank Clemson lost at Miami. It's week eighteen. A lot of the teams, already knowing that they're going to the playoffs, cannot move up in the seedings, so not surprisingly will not play their starting quarterback this weekend. No Lamar Jackson for the Ravens will be replaced by Tyler Hunley. Joe Flacco will sit out for the Browns. It will be Jeff Driscoll no Patrick Mahomes with a Chiefs Blaine Gabbertt replaces him. Carson Wentz fills in for Matthew Stafford on the Rams, and the forty nine Ers will go with Sam Darnold and sit out Rock part Perty who's going to the Pro Bowl. The forty nine Ers lead the way with nine Pro Bowl players, seven from the Cowboys and Ravens, six from the Dolphins and the Eagles. Trevor Lawrence will play for Jacksonville. The Jaguars, with a win will win the AFC South. He missed last week's game and Josh Allen's got the stinger, but he will play for the Bills in a big game at Miami. John Stashley that we're Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius Exam, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager on a morning of busy news flow. Jeffrey Epstein's ties to politics and Wall Street are back in the spotlight with the release of dozens of formerly sealed documents. Donald Trump is taking his fight to stay eligible to run in twenty twenty four to the US Supreme Court, and border politics could run up against Congress's effort to keep the government from starting to shut down in a little more than two weeks. Lots to discuss this morning, and here to do that with us now is Bloomberg News correspondent Bruce Einhorn. Bruce, thanks for being with us. Let's start off with the revelations, if any, that we got from these documents that were in the Jeffrey Epstein case that had really been a year's long effort to get them out. Did they shed any new light on Jeffrey Epstein's crimes, Well, so far there aren't too many surprises. So these are the first of what are expected to be hundreds of documents identifying more than one hundred and fifty people. These are documents that had been filed and redacted as part of a twenty fifteen lawsuit against just Laying Ma Well. She, of course, was an associate of Jeffrey Epstein. She was convicted in twenty twenty one of participating in his crimes. He himself died in prison before he ever went to trial. So some of the names that were in the unsealed documents included former President Bill Clinton, Prince Andrew Written. These are names that had already been out there. Former President Trump not mentioned in these documents, but had been identified in testimony in this case, along with former President Clinton as some of the people who had flown on Jeffrey Epstein's plane. So there's maybe more news, more revelations as more of the documents are unsealed, but for now, no big surprises. Yeah, a lot of people have been following this case. Bruce had been expecting or speculating at least that there might be some kind of client list that's been under seal in New York Federal Court. Do we have any indication at this point that such a list exists and could be unveiled at some point. It's possible. At the moment, we don't know about a client list. No, Okay, let's turn to what might have been the other major story otherwise, former President Trump taking his fight to stay on the ballot at least in Colorado to the United States Supreme Court. This is a notable moment in the twenty twenty four rays yes, and the arguments that former President Trump makes are interesting. He has a couple of different arguments that he makes on why the Colorado Supreme Court aired. First of all, he said that one that it would move would unconstitutionally disenfranchised voters in Colorado and potentially disenfranchised voters elsewhere. He said that his lawyers say that in the filing that that insurrection UH was understood by the framers of the Fourteenth Amendment to mean something very specific. According to form President Trump s luers, it meant taking up arms and waging war against the United States, and that's the way that the fourteenth Amendment should be read now, and therefore it doesn't apply to him. This is his argument. He also argued that the fourteenth Amendment, which says very specifically that this that an officer of the United States who UH engaged in an insurrection is ineligible, that that does not include President of the United States and therefore again shouldn't apply to him. And then he also UH criticized the Supreme the Colorado Supreme Court for relying on evidence from the January fourth Select Committee. He said that that's inadmissible and then also said that the insurrection clause in the fourteenth Amendment isn't self executing. This is an argument that constitutional experts have been having about whether or not it is self executing. That is to say that does Congress need to do anything set up procedures for determining whether someone's violated, or can the court just make that decision itself. These are all the arguments that Trump's making, and you know next step is for to hear with the Supreme Court system. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one Ishington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Claudine Gay is stepping down as president of Harvard University, ending a brief and tumultuous tenure marred by allegations of plagiarism and a campus controversy over antisemitism. 2) Donald Trump filed a lawsuit seeking to restore his name to Maine’s presidential primary ballot after the state disqualified him over his attempt to reverse the result of the 2020 election he lost to Joe Biden. 3) Traders hoping that a pan-markets year-end rally would pick up where it left off got the opposite on 2024’s first trading day, a session that featured one of the worst-ever concerted drops in stocks and bonds to start a year. Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the leadership shakeup at the top of the IVY League. Claudine Gay is stepping down as president of Harvard University weeks after her highly criticized congressional testimony about the school's handling of campus anti semitism, alongside the presidents of MIT and the University of Pennsylvania. Bloomberg's David Weston begins our team coverage. It has been sort of a firestorm for these three presidents to deal with exactly how you control and influence discussion on the campus. There were also questions that developed over time about some of the work that President Gay had done for her dissertation for her PhD, and allegations that she had improperly used sources that she did not identify. Initially, the Corporation of Harvard, which is what they call the Board of Trustees of corporation, said there'd been an investigation and they had totally exonerated her. There was no problem. But now she said, she stepped down, and I take her to ward. At this point, and at some point, a leader becomes a distraction. Bloomberg's David Weston reports this is a dramatic about face for Harvard. Claudie Gay became the university's first black president just six months ago. Well Nathan, one of Gay's harshest critics, says her stepping down is long overdue, and Bloomberg's At Baxter has that part of the story. Congresswoman Elis Stefanik says Gay in the December hearing never condemned calls for genocide against Jews as a violation of university policy. This is part of what Gay said at that December hearing. We embrace a commitment to free expression, even of views that are objectionable, offensive, hateful. Stefanica is a Harvard alum who said Gay's statements were morally bankrupt. And Bill Ackman now who's also gone after Gay posted at two sally an apparent reference to the president of MIT at Baxter Bloomberg Radio, okay, and thanks. Sticking with politics, another legal battle is set in motion involving Donald Trump's ability to return to office. S Bloomberg's Amy Morris has the latest. Trump is not just appealing the decision in Maine to remove his name from the primary ballot. He's also suing the official mains Secretary of State, Senna Bellows, who made that decision. It's another legal argument that will likely be settled by the US Supreme Court, along with a case from Colorado where a group of voters is calling for the justices to quickly step in. They're asking for that case to be expedited. They'd like a ruling by February eleventh, and we could learn whether the Supreme Court will it Dervine in the Colorado case by this Friday. In Washington, Amy Morris, Bloomberg Radio. All right, Amy, thanks now to the latest developments in the Middle East. A senior Hamas leader has been killed by Israel on a explosion in Beirut. Hamas says Israel killed Sileai al Rory, deputy headed the group's polit bureau, who was known as the mastermind behind its armed wing in the West Bank. Began more from a Bloomberg Silary Liebert, it's sort of a no brainer that if they had a senior Hamas leader, they could find an attack who wasn't in some underground hiding place wherever he was, if they would go after him, and Bloomberg Larry Liebert. It says aler Rory would be the most senior Hamas leader killed during the war. Turning to markets now, Karen wall Street kicked off the new year with a thud. Both tech stocks and treasuries sold off. The Nasdaq one hundred index fell one point seven percent, at benchmark's biggest drop in two months. Rich Weiss is chief investment Officer of multi asset Strategies at American Century Investments. If you look from the start of twenty twenty two through the end of twenty twenty three, cash basically outperformed most equities, maybe not the Magnificent seven, but most equity portfolios. So cash has been king, likely to be king at least for the first half of this coming year, at least, we believe American Century Investments. Rich Weiss thinks it could be a tough earning season for corporate America well. One of the biggest losers in yesterday sell off, Nathan was Apple I lost more than one hundred seven billion dollars in value after Barclay's analysts downgraded the tech giant. Bloomberg's Mark German explains the bearish view of the iPhone maker four quarters plus in a row of holiday declines. The earnings report that's coming at the end of January early February will indicate that Q one was either in line, maybe a little bit more a little bit less than the prior quarter. You have these patent situations which are likely to crop up in higher frequency now given the success that Massimo has had over the past few months. And Bloomer's Mark German notes that Apple shares rose around fifty percent to a record last year. Well, on the flip side, shares of JP Morgan closed at a record to kick off the new year. The bank's rebound from its twenty twenty two low has now pushed its market capitalization to about five hundred billion dollars. The lender's been a top performer in the banking industry following record results last year. Well Nathan investors will turn their attention for more clues on the future of interest to rates. This afternoon, the Federal Reserve issues minutes of dece meeting, and Bloomberg's Vinidel Judai reports Bloomberg Economics as the minutes could signal interest rate cuts aren't imminent, they'll fetcher. Jerome pal did strike a dubvish tone last month's news conference that officials voted to hold the benchmark interest rate target steady for the third time at December's meeting after more than a year of tightening. Next session, January thirtieth and thirty first. Also on today's US economic agenda, job openings, as well as ISM factory data. If Anny Dale, Judeace, Bloomberg Radio, Sorry, and Ethan Thanks. It's time out for a look at some of the other stories making news around the world, and for now we're joined by Bloomberg's Amy Morris. Amy, good morning, Good morning, Karen. Migrants sent mostly from Texas, have been showing up at train stops outside New York City over the weekend, sidestepping a new order limiting how they arrive. Hundreds of migrants took a detour in New York and New Jersey to bypass the New York order limiting the seat the number of arrivals. New York City and Chicago recently began restricting migrant bus arrivals, and now the crackdown spreading to the suburbs. Woodstock Mayor Michael Turner spoke at a city council meeting, we do not have the staff the expertise for the money, and that may not be the ideal. We may all wish it was something different, but that's the reality for Chicago. Suburbs in Hinsdale, Woodstock, Buffalo Grove, and Juliette taking official action now passing ordinances to find bus companies dropping off migrants without notice. Meanwhile, four ports of entry at the southern border will be reopened tomorrow. Those ports were closed because of a record influx of migrants. Officials said closing the border crossings was just a last resort to stem the flow of people crossing the border. Hospitals across the country now initiating some new policies in response to a rise in respiratory illness cases, more emergency room visits because of flu, COVID and RSV, prompting some hospitals to require prior off authorization for visitors younger than twelve years old. Duke Health infectious disease specialist doctor Cameron Wolf says, for the most part, people understands it. Ever easy decisions like people want to be able to come and visit their love ones in a hospital, but I think in general people understand. The CDC says more than half the country is experiencing a rise in COVID flu and RSV cases. Hospitals in at least ten states and Washington, DC have now reinstated mask mandates. Israel is planning to withdraw several thousand troops from the Gaza Strip. The IDF announced the move, noting the nearly three month war has taken a growing toll on the Israeli economy. The United Nations says more than eighty five percent of Gaza's residents have been displaced from their homes and the fighting has left more than twenty thousand people dead. And a messy winter storm is headed for the East Coast this weekend. Forecasters are expecting measurable snow from Washington, DC to New York and rain showers down south. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morrison. This is Bloomberg Karen all right, Amy, thank you well. As Amy said you, we do bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand, and that means whenever you want it. You just subscribed to Bloomberg News. Now he can get the latest headlines right at the click of a button get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update, here's John Stashaur John Karen. Just two years ago, the Oklahoma City Thunder lost fifty eight games. This year they might end up winning fifty eight. Fifth straight win for OKC now twenty three at nine on the season. They beat the league leading Celtics one twenty seven to one twenty three. Shay Gilgess Alexander's been on a scoring tear. He went for thirty six points. Christaph Porzingis had Boston with thirty four. Jayson Tatum scored thirty, but Jalen Brown shot only four of eighteen thirty six points for Steph Curry's Golden State Feed, Orlando won twenty one to one fifteen. Terry Rozier scored thirty four Charlotte with a win at Sacramento, John Moran twenty six points, ten assists Memphis Town San Antonio and Joe Lamby thirty one points at a triple double easy win for Philadelphia over Chicago. The Sixers were up by twenty five in the first quarter New Orleans out of twenty five point lead at halftime. Pelicans rolled to an easy win over the book for the Nets Perdue number one in college basketball and now thirteen and one boiler Makers with a big ten win at Maryland sixty seven to fifty three. Acced Duke rolled pass Syracuse eighty six to sixty six, Big East Yukon and easy win over De Paul eighty five to fifty six. College Football's National Championship game Monday in Houston, and Michigan is a four and a half point favorite to beat Washington. Both teams are undefeated, but Washington has only had one win by a ten or more points since September. They may not have running back Dylan Johnson. He got caught it off late in that semifinal win over Texas Johns Dan Shower. Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Washington may have just flexed its muscles with the IVY leagues now that Claudine Gay is stepping down as president of Harvard University, comes weeks after widely criticized testimony about her handling anti Semitism on campus alongside the presidents of MIT and Penn, along with new questions specifically about Clining Gay's academic record some of her past dissertations. Meanwhile, with less than two weeks until voting begins in the Republican presidential race, former President Donald Trump is fighting to stay on a second state's primary ballot after Maine kicked him off over his actions on January sixth, twenty twenty one. Lots of political news to discuss this morning, and here to do that with us is Greg Valier, chief US policy strategist at AGF Investments. Greg, good morning. First, I want to get your reaction to the sudden departure of Claudine Gay as Harvard University. She just became Harvard's first black president in July. Now, apparently after this widely panned congressional testimony and the mounting political end donor pressure, she's out. I mean, what does that say about Washington's influence over higher education. Well, there is influence, Navan, good morning, But I think a bigger factor may have been the donor's donations were way down and applications were way down, and I think that may have had a bigger impact. Well, we did have the impact of a last Stephonica Harvard alum with that viral testimony, the questioning that she gave asking them pointedly whether calling for the genocide of Jews it violates school policy, and sort of wiggling on the answers. I mean this says something about a least stephonics clout as well, doesn't it. Yeah, two points. First of all, I think she is going to be a real player. She is already, but I think she's going to be a pit bull on these issues and she summoned to watch over the next few years. Secondly, I think that the university presidents, all three of them, were just extraordinarily tone deaf. You know, maybe what they said technically was correct, but it certainly did not soothe the issue. It just inflamed the issue. Not just that we know that the committee that brought those university presidents to Capitol Hill is expanding its investigation into some of these allegations of plagiarism against now former president Claudine Gay. Where do you see this investigation going into what's happening on these campuses. Well, I think that that is going to be fair game throughout the country, and I think it's not just these three presidents. I think it's probably a lot of other university officials that are now going to have to worry. I want to talk about the constitutional crisis potentially here with former President Donald Trump now suing to try to stay on Main's primary ballot after the Secretary of State made that move. Where do you see this going? Well, first of all, Nathan, I think it's probably ninety ninety five percent chance that the Supreme Court will take the issue. I think they have to beyond that. I think the odds would favor this court, which has three Trump appointees of six to three conservatives on the court. I suspect they would reject the argument that Trump has to be taken off the ballot. I think the Court could decide this within the next few weeks, before Super Tuesday on March five. I think that in the final analysis, Trump will be on the ballots. There is a difference between a secretary of state making a move like this and a Supreme Court like what happened in Colorado, Does that make any difference for the Supreme Court if it does come to that. It could, and there will be lots of issues debated, but I think the main one is can you quickly prove that Trump supported an insurrection? I mean that's a case that could take years, certainly many many months, and we don't have that kind of time with an election coming up. So barring any definitive ruling on the January sixth insurrection, I just don't see this going anywhere. Well, that being said, why do you think the Supreme Court would make a decision quickly if, as you say, it would take a substantial amount of time before the Supreme Court to determine whether former President Trump did indeed commit insurrection? Well, I think the Court we'll just have a cotton dried decision saying that that they don't have the jurisdiction right now to define insurrection or decide whether there was insurrection. And I think without that finding, again, I just don't think it's going to go anywhere. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Election device. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Iran dispatched a warship to the Red Sea after the US Navy destroyed three Houthi boats, a move that risks ratcheting up tensions and complicates Washington’s goal of securing a waterway that’s vital to global trade. 2) If the consensus on Wall Street is often wrong — and evidence from 2023 does little to dispel that notion — then in the year ahead investors are facing either the mother of all rallies or a selloff for the ages. 3) ASML Holding canceled shipments of some of its machines to China at the request of US President Joe Biden’s administration, weeks before export bans on the high-end chipmaking equipment came into effect, people familiar with the matter said. Full Transcript: Good morning. I maybe Morris and I'm Karen Moscow. Here are the stories we're following today. We begin with oil rising to start the new year, Iran sending a warship to the Red Sea in an escalation of tensions in the region. The show of force comes after the US Navy destroyed three Hoothy boats which we're attempting to board a container on New Year's Day. Elizabeth Kendall is a Middle East specialist from Cambridge University and says the two are clearly interlinked. Aaron is puppeteering Hamas, the Hoothy's and other movements like Hezbollah in the Middle East, and the houthy slogan indeed includes the words death to Israel and a curse on the Jews, so it's very much aligned with Hamas's more militant and extreme war wing. Cambridge University's Elizabeth Kendall checking oil right now, Nie makes crude oil up more than two percent or a dollar forty nine now trading at seventy three dollars and thirteen cents a bit. Well, Amy, oil isn't the only thing on the move this morning. We're also seeing Bitcoin on the rise, following through on last year's massive rally, and we get more from Bloomberg Markets reporter Joe Easton. It is up another four percent at the moment, at the highest level since April sixth, above forty five thousand dollars for the first time in two years. This is due to the expectation of the direct investment from this ETF, so that is boosting sentiment and a lot of positivity. People looking for more technical levels for that one to keep going higher. And Bloomberg Joe Easton says Bitcoin has risen over twenty percent since has started December, as that January tenth deadline for the Securities and Exchange Commission to give its blessing for a spot bitcoin ETF dra us closer checking bitcoin right now, it's at forty five seven hundred dollars over in Europe's stocks are also higher to kick off the new trading year. Let's get the latest from Bloomberg Daybreak euro banker Stephen Carrol. Stephen, good morning, Amy and Karen. The tensions in the Red Sea are playing into the market narrative in Europe today. Shares and the shipping giant Marisk have risen after it stopped using that key trade route for forty eight hours following the weekend attack on one of its vessels. Higher oil prices are also helping to lift oil majors, making energy one of the best performing sectors on the Stock six hundred. More broadly, it's the Spanish and Italian markets which are out performing, boost it by a rise in bank shares. In London, Stephen Carrolt Bloomberg Radio, All right, Stephen, thank you all. Back here in the US, Wall Street returns to a holiday shortened week to kick off the new trading year, and we get a look ahead from Bloomberg Shirlie Pellett. The S and P five hundred index sits within striking distance of its first in two years. But a key challenge for markets is the outlook for the economy and corporate earnings. Michael Binger is the president of Gradient Investments. The economy I think is very resilient. Jobs are driving that, corporate profits are supposed to grow about ten eleven percent. And valuations, I mean they're not really cheap, but they're not super expensive either in the markets right now. Among this week's earnings reports, Constellation Brands and Walgreens Boots Alliance in New York Charlie Pellett Bloomberg Radio. Thank you, Charlie. In twenty twenty three, some of Wall Street's biggest names got it wrong with their predictions for how markets would perform, So will they fare better? In twenty twenty four, Bloomberg has compiled more than six hundred and fifty calls from strategists in Today's Big Take. Sam Potter is a senior markets editor for Bloomberg. Most strategists on Wall Street see the interest rate tykes of the past eighteen months to two years finally starting to bite economies generally around the world, stock slow, and that will kind of pre run a central bank pivot roundabout mid year. Bloomberg Senior Markets editor Sam Potter adds that strategists see the main risks to the markets inflation and the US election. Well. In corporate news, Amy Chinas BYD may have just overtaken Tesla as the world leader in EV sales. It's still more than five hundred twenty six in fully electric vehicles in the fourth quarter. Bloomberg's John Lewis more from Beijing when BYD Tesla, it'll do two things. I think that's going to put this company into the consciousness of people around the world in a way that that company has not had ever before. The number two thing it does is it really underscores how dominant a position China not only as a market, but as a country with lots of companies producing electric vehicles, how dominant a position China has in that industry now and Bloombergs John Lusa's Tesla is estimated to have delivered over four hundred and eighty three thousand in the fourth quarter alone. Speaking of China, President Xi Jinping has pledged to strengthen his country's economic recovery after a tough year. Bloomberg's Jenny Marsh has more from Hong Kong. This is Chi Jinping's new yas Eve's speech, and he normally uses it to so trumpet the achievements his nation's major in the year. And I think this speech really stood out for how candid he was being about these problems. It's the first time he's acknowledged that the struggle that twenty twenty three have brought. It also sort of underplayed in some ways the problems that are still lying ahead in twenty twenty four for the economy. And he didn't really have any sort of quick fixes for that. Bloomberg Jenny Mark says China is entering a pivotal period as policymakers try to boost growth, stabilize a crisis in the property market, and prevent deflation. Beijing is expected to target a growth goal of around five percent again in twenty twenty four. Meanwhile, Amy, the Biden administration has won another battle and its effort to try and slow Shina from building its own semiconductor industry. We get more with the Bloomberg's Ed Baxter, ASML Holding is canceled shipments of some of its machines to China at the Biden request. This week's before the export bands on the high end chip making came into effect, the Dutch manufacturer had licenses to ship three top of the line deep ultraviolet lithography machines, but before the deadline it decided to cancel the orders. The US and allies have been trying to block access to the technology. Ed Baxter, Bloomberg Radio, Thank you care in time now for a look at some of the other stories making news in New York and around the world. And for that we're joined by Bloomberg's Michael bar Good morning, Michael, Good morning, Amy The death toll has now climbed to forty eight. After a magnitude seven point six earthquake struck Japan. The quake hit off the Noto Peninsula on Japan's northwest coast. This man at Tokyo resident and US national, was visiting to Yama when the quake hit. First. The trim had just done it very slowly, and everybody kind of left it off, you know, they thought, oh, this is this is kind of humorous, you know, on New Year's Day, and then then it is just a violent shape. The tremor was followed by hundreds of aftershocks. A plane is on fire right now on the runway of Tokyo's Hanada Airport. Authorities say a large burst of fire erupted from the side of a Japan Airlines plane as a taxi on the runway. All of the three hundred and seventy nine passengers and crew were said to be safely evacuated. Israel Supreme Court struck down a key component of Prime Minister Benjamin Etnaho's contentious judicious overhaul before the October seventh to Maas attack into southern Israel. The planned overhaul sparked months of mass protests threatened to trigger a constitutional crisis between the judicial and legislative branches of government. The FBI's Joint Terrorism Task Force is assisting police in Rochester, New York, to investigate a car crash that killed two people and injured five others outside of Performing Arts theater in the early hours of New Year's Day. The crash happened in front of the Kodak Center. It became a large scene due to a fire which had erupted as a result of the crash, and police also say several gas cans were found in and around the striking vehicle. Rochester Mayor Malik Evans I want to offer my condolences to those families, those individuals that lost their lives, and I asked the community to pay pray not only for those that have lost their lives, but also those that are injured. Terrorism investigators are trying to determine if this was just a car accident or something far worse. New York City's effort to stop migrant buses has resulted in the buses arriving instead in neighboring New Jersey. Over the weekend, buses from Texas and Louisiana began dropping off asylum seekers at several New Jersey transit stations. From there, the asylum seekers are believed to have taken trains to New York City. Edison, New Jersey mayor Sam Joshi says the buses are a major risk to health and security. The solution for me, as the mayor of Edison, is not to pawt it off to another mayor. Global news twenty four hours a day and whenever you want it with the Bloomberg News Now. I'm Michael Barr, and this is Bloomberg Aamy all right, Thank you, Michael, And we do bring the news throughout the day here on Bloomberg Radio, and now you can get the news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Sports Report, brought to you by Tri State Audi. For that, we bring in John stash Hour. Thanks Amy Kevilo. Terrific gains of the college football playoff semifinals overtime at the Rose Ball after Michigan tie to Alabama. The lad touchdown in ot Wolverines had the ball first out of the shotgun. Paura McGain This tiny poussi he's got the first out of more porm inside the five porm space is way across the goal line. Touch down Michigan seven. Take your touchdown run ESPN the call Michigan and stop BAMACB Jalen Milroe on a fourth down and one twenty seven to twenty JJ McCarthy through three TD passes, and then came the Sugar Bowl where Washington never trailed that at thirteen point lead been WITHY through the fourth quarter. Texas rallied had four chances to take the lead the final fifteen seconds, but ended the game with three incompletions on the Husky survive thirty seven thirty one. Their QB Michael Pennix Junior threw for four hundred and thirty yards. Championship game next Monday in Houston, both Michigan and Washington will go in fourteen and oh I Fiesta Ball, all Oregon forty five to six over a limitary vote next to five TD passes Sitters pull in Orlando, All Tennessee thirty five nothing over Iowa. LSU won the RELYA Quest in Tampa thirty five to thirty one over Wisconsin. Nicks happy to start the new year at the Garden after an ohen three road trip, they beat Minnesota, won twelve one to OH six. Julius Randall Port in thirty nine points. O g Onnobi made his next debut. He played thirty five minutes before found out. He scored seventeen in Toronto. RJ. Barrett and Emmanuel quickly debuted for their new team. Scored nineteen and fourteen points in a Raptors win over Cleveland. Outdoor Hockey in Seattle, crowd of forty seven thousand to see the Kraken shoutout Vegas three to nothing. John Stashwin Bricksport from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Day Break. Good morning. I'm Amy Morris, and we are entering the first week of trading for twenty twenty four. As we do most investment outlooks from major banks and advisors are predicting the same middle of the road scenario for the coming year, an economic slow down, a central bank pivot, and a late year rebound. We're joined by Dennis Gartman, University of Akron and Dowment chairman and former publisher of the Gartman Letter to sort of set us straight on what we can expect for the coming year. Now, Dennis, the dollar closed out its worst year since twenty twenty, the S and P five hundred rose nine straight weeks. Are these trends bound to continue? I have my doubts to the latter trend will continue. I think stocks are extremely overbought. The market has risen on an anticipation of three, four, five six cuts in the overnight Fed Funds rate by the Federal Reserve Bank. I have my doubts as to whether that will occur. I think that the Fed is done raising the overnight Fed funds rate. Of that, there's no doubt. But whether they're going to cut five or six times, I think is very doubtful. I think we have to anticipate the fact that the Federal will delay any change in the overnight Fed funds rate lower to later this year. There's too much anticipation that the FEDERALI begin cutting the overnight funds rate by March. I think it'll be late in the summer, maybe early into the autumn before it happens, But we shall see. Time shall tell. I think stocks, however, are aggressively overbought, have been for some while, and it seems to me this looks very similar to what happened in twenty twenty one twenty twenty two, when we reach the higher the market on the opening day of twenty twenty one and then ended up having a rather substantive decline in prices. So time shall tell. We'll see. But too much anticipation of too much easier possible abilities on the part of the Fed that I don't think are going to happen. Now, we have a job's report coming out on Friday. What are you watching for in that and how that might impact it? Long ago I quit anticipating the over the employment rates because of the fact that we tend to see such huge numbers of revisions from one month to the next. But right now the market is anticipating an increase of about one hundred and seventy five to one hundred and eighty five thousand new jobs. We shall see if that if that occurs, but it's one of the most radically revised reports of the year. Every month the revisions are forty to fifty thousand plus or minus. So right now the market is anticipating one hundred and seventy five to one hundred eighty five thousand times. Shall tell Barkley is predicting a softest landing. Vanguard JP Morgan expecting a mild recession. But you know that's what everybody predicted for twenty twenty three as well. What's the difference now. I was one of the people that expected to see a recession in twenty twenty three, and clearly we have not had that. The market is now anticipating the softest, the best of all kind of soft landings imaginable. I have my doubts as to whether that will occur, but that's what the market anticipates, that's what the stock prices have anticipated, and that's what the world generally anticipates. Whether whether it happens or not is up for debate. I have my doubts. Seriously, though we are over extended to the upside. We were long overdue on a recession because of the FED tightening monetary policy over the course of the past several years, and there's always law long and reasonable legs between the monetary policy and economic activity. And I think we be recessionary before the end of the year, but I don't think it'll be a substantive one. I think it'll be a very quiet one. Time. However, again, as I've said too many times already this morning time show, tell Yeah, I was about to ask you what kind of recession you were looking for. You're expecting a softest landing. Yeah, yes, I think it'll be a very soft one, a very minor one. We've seen these types of recessions before. But I think it'll be a very a very quiet and not anything like we saw in seventy three, seventy four, not anything like we saw in eighty one, eighty two, not anything like we saw in nine. But it'll be a recession, and it'll be a quiet increase in over in the unemployment rate to probably four or five percent before it's done. What do you see with oil and gold in this new year? Gold is opening up very strongly right now, and I think gold wants to go from the lower left to the upper right. It's been a bull market for a while, and I think gold wants to go higher. Clearly, it's heading about twenty one thousand before before too long, I think it goes to twenty two or twenty three thousand before the year is out. I have been very bearish on crude oil for a while because the term structure has been overly overtly barished, with the front month leading on the downside and failing to gain upon the back moths when the market when the market rallies. But now all of a sudden, we're starting to see the term structure beginning to change a little bit, and everybody's watching what's happening in the Gulf of so As. I think that's only gonna get worse, not better. And for the first time in months, I'm actually not bearish of crude oil. I'm starting to turn bullish of a Timeshall tell, but this is the first time in months that I've actually been have not been bearish on the crude oil market because of the changing nature of the term structure. You are listening to Bloomberg Daybreak today, your morning brief on the stories making news from Wall Street to Washington and beyond look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus listen coast to coat on the Bloomberg Business app, Sirius Xmbiheartradio app, and on Bloomberg dot Com. I'm Amy Morris and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Bloomberg's Nathan Hager spends the hour covering the biggest tech stories from 2023 and what we can expect for the year ahead. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbush. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - we look ahead to Friday's December jobs report. Bloomberg Economics says the data should show job growth resuming its slowdown and the unemployment rate edging up. In the UK -  consumers are feeling the pinch from the higher cost of living - but they're still spending enough to fuel London's restaurant and cultural scenes. The weaker pound versus the dollar has also helped attract more big-spending tourists, particularly from the US. We check in on the restaurant scene.  In Asia -  as 2023 comes to a close, we take a look at what's ahead for markets in China, India and Japan in 2024.  In Washington - while our attention is focused on the presidential election in 2024, a possible government shutdown and other disruptions loom.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Maine’s secretary of state ruled that Donald Trump cannot run in the state’s Republican primary, citing his efforts to overturn the 2020 election results. 2) The US military is trying to reassure shipping companies that a multinational force is making it safe to sail through the Red Sea and Suez Canal even though attacks from Yemen-based Houthi rebels show no sign of stopping. 3) Nvidia Corp., the world’s most valuable chipmaker, is selling a less-capable version of its best graphics product for video gamers in China, after the US government tightened restrictions on what the company can market in that country. Full Transcript:  Good morning. I'm John Tucker and I'm Karen Moscow. Here are the stories we're following today. Let's begin with politics and another ban for Donald Trump. Maine's secretary of state has removed the former president from the Republican primary ballot ahead of the twenty twenty four election. Details this morning from Bloomberg's Ed Baxter, Secretary of State Shedd of Bellows, is using the insurrection clause to become the first election official to take unilateral action. Bellow says insurrection for his activities in the January sixth election overturn riots. The Trump campaign says it will appeal in Former Congressman John Katko says it should go to the top. It's got to go to Supreme Court. Several states and now I had this ruined. So the Supreme Court's going to set the parameters of what we do with situationally like this going forward. So the US Supreme Court should have a number of cases now from which to choose on the issue. At Baxter Bloomberg Radio, All right, ed, Thanks, And ahead of yesterday's decision, presidential campaign blasted main Secretary of State Shenna Bellows, colloring her hyperpartisan and a virulent leftist. Trump's campaign says it will quickly seek to appeal her decision in Maine State court, and turning down to geopolitical news, half of containerships which regularly use the Suez Canal are avoiding the route and the recent attacks by the houthy militants of the Red Sea. Data compiled by Flexport shows two hundred and ninety nine container ships have either changed course or planned to That accounts for eighteen percent of global trade. Mercury Resources CEO Anton Posner says many major firms want to know more about the US response to the attacks. We're seeing increased freight, increased insurance, a lot of uncertainty, and mixed signals from shipowners, container lines, and from governments on what's happening. To basically mitigate the risk and the threats that are out there, phonesium in the ardent groups. Mercury Resources CEO Anton Post nurses some companies are your puting off decisions until the new year, as at tax continue. The US says it's speaking with shipping firms in an attempt to ease the concerns, and Johnny also continued to follow developments in Ukraine, Russia launching deadly strikes on civilian targets in Ukrainian cities overnight. It came days after Russia reported one of its ships in Crimea was damaged by Ukrainian missile strike, with Kiev stepping up attacks against Moscow's navy, and as we enter the new year, Ukraine's pleating with foreign donors to send aid a mid uncertainty over its twenty twenty four budget and turning down to the markets and the final day of the twenty twenty three rally with the investors anticipating FED rate cuts in the new year. The S and P five hundred cap yesterday's session just a few points away from its all time high. This year, the S and P five hundred is up almost twenty five percent, with the MSCI All Country World Index rallying about twenty percent. Mona Mahajan, the senior investment strategist with Edward Jones, says the rallies broadened over the final bonds of twenty twenty three year really driven by that magnificent seven a large cap technology trade, and over the last few weeks we have seen a broadening of participation, whether it's value cyclical parts of the market, whether it's small and MidCap parts of market, whether it's bond markets, all of which have played some catch up in recent weeks. Mana mahajin with m Where Jones says signs of cooling inflation and anticipation of a FED pivot continued to drive the rally forward and oversus this morning, John European stocks eking out one last gain on the final trading day of the year, but it's not all good news specifically in the UK, and Bloomberg. Stephen Carroll joins us with more from London. Good morning, Stephen, Good morning, Karen and John. Inflation has slowed sharply in the UK in recent months, but consumers are increasingly worried about the year ahead. A KPMG survey shows four and ten people are more concerned about their financial security now than they were a year ago, while data from Barcleycard indicates households are cutting back on things like clothing and eating out. All of that raising fears of a consumer that could tip the economy into session. When relative bright spot the latest house price data from nationwide showing prices fell less than two percent in twenty twenty three, defying expectations of a sharper downturn in London, Stephen Carol Bloomberg Radio, thanks Steven and In a banner year for stocks, the Nasdaq scept for its best year since nineteen ninety nine after his seven trillion dollar search artificial intelligence mania driving the run for the tech heav engauge from Nvidia to Microsoft, the seven largest US tech stocks, the Magnificent Seven, were responsible for sixty four percent of the nanstac rally this year. The index is up over fifty percent in twenty twenty three. And speaking of Nvidia, John the chip making giant is selling a hobbled version of a gaming chip to its Chinese customers. Bloomberg Tech reporter Ian King says the move comes after the US government tightened restrictions on what the company can market there. Really what matters is what happens in the AI accelerator market, and Video said it's going to have new tips for that business for China to meet these new rules. We don't know when that's coming, orisindeed if that will actually come, and that will have a much more concrete impact on revenue and bloombergsing and King says, this version of Nvidia's chip for China's market has about ten percent fewer processing cores than what it sells in other countries and elon Musk acts formally, Twitter lost its effor in court to block at California loss seeking to control toxic posts. More from Bloomberg's Charlie Pellett. In an eight page ruling of federal judge in Sacramento rejected arguments by the company formerly known as Twitter that the measure violates the free speech rights of social media platforms. The ruling comes after Musk ignited a firestorm in November by endorsing anti Semitic posts on his platform. X Corps CEOs scrambled to contain the fallout after major advertisers like Sony, Discovery, Apple, and CBS stopped or paused spending on the site. In New York, Charlie Pellett bloom Radio, it is time now for a look at some of the other stories making news around the world and for that were joined by Bloomberg's Amy Morris, Amy, Good Morning, Good morning, Karen. The Biden administration is warning Texas about its new immigration law to deal with illegal migration, Bloomberg's Nancy Lyons reports in a letter. The Justice Department reportedly says it will file a lawsuit against Texas if it implements the law that would empower state and local law enforcement officials to arrest, jail, and prosecute migrants suspected of entering the US ilegally. CBS News reports the DOJ says the law would basically criminalize actions that are already illegal at the federal level, and would undermine relations with Mexico and prevent officials from enforcing federal immigration laws. The measure is already being challenged by the American Civil Liberties Union that argues the law is unconstitutional. In Washington, Nancy lyons Bloomberg Radio, more US sailors and marines are being moved into the Eastern Mediterranean. CBS for reporting the two amphibious ships carrying fifteen hundred sailors and marines, along with jet fighters, helicopters, and armored vehicles, have transited the Suez Canal from the Red Sea into the Eastern Mediterranean. This gives the US military more ability to evacuate Americans from Lebanon if necessary. Israeli officials have been increasingly vocal with their threats to clear out a buffer zone in southern Lebanon if Hesbella's shelling of northern Israel doesn't stop. President Biden meanwhile says he's devastated to learn another American was killed by AMAS. American Judy Weinstein Hagai, was killed in the October seventh Hamas incursion. Biden vowed to do everything possible to bring home the remaining hostages, including IDF soldier Aiden Alexander from New Jersey. Alexander's mother is calling for her son's return. He's my boy, and every day, every minute of the day, I'm just I'm terrified. There are now six Americans presumed captive in Gaza, and the World Health Organization says it's getting harder to deliver medical supplies and fuel to Gaza because hungry people keep stopping the convoys searching for food. Gaza's health ministry also says dozens of people were killed in strikes across the Gaza Strip yesterday, days after Israeli forces said they'd be expanding operations. The Washington Post reports the director of one hospital says Sunday's attack killed at least eighty people. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now I'm Amy Morris, and this is Bloomberg Karen. All right, Amy, thanks. We bring you news throughout the day right here on Bloomberg Radio. But now, as Amy's said, you can get the latest news on demand, and that means whenever you wanted, just subscribe to Bloomberg News Now to get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's Dan Schwartzman. Dan, good morning, Good morning Karen. The Cleveland Browns clinched just their second trip to the playoffs since two thousand and two with a dominating performance against the New York Jets. Joe Flacco got hit. He rolls out of the head, he runs it, then he crows it and fort caught it head, the thirty head, the twenty head, the fifteen head, the ten head of five past no good head. He vaulted for tag jing board Hot you. That's courtesy of ESPN eight to fifty Radio in Cleveland, behind three hundred and nine passing yards and three touchdowns from Joe Flacco. The Browns improved eleven and five on the season with a thirty seven to twenty win over the Jets. Jerome Ford catching two touchdown passes while David and Joe who gains one hundred and thirty four yards on six catches. Jets fall to six and ten on the season. Week seventeen of the NFL season continuing Saturday with the Marquee matchup in Dallas as the ten and five Cowboys are hosting the eleven and four Detroit Lions. Speaking of Detroit, the Pistons were oh so close to ending their twenty seven game losing streak as they led the Boston Celtics by nineteen points at halftime and at one point by twenty one points before collapsing and losing in overtime one twenty eight to one twenty two. By dropping their twenty eighth consecutive game, the Pistons time the Philadelphia seventy six ers for the longest losing streak of all time, which Philly accomplished between the end of the twenty fourteen twenty fifteen season and the start of the next year. Elsewhere, Nikola Jokich turning in a perfect triple double, not missing from the field or the free throw line in the Nuggets one forty two to one to five, winner of the Grizzlies. That's your Bloomberg Sports update on the ent shportsman from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak and good morning. I'm John Tuckery. You did hear. Among our top stories mains Secretary of State rule that Donald Trump cannot run in the state's Republican primaries, citing his efforts to overturn the twenty twenty election results. Let's take a deeper dive into the story this morning. We're joined now by Terry Haynes of Pangea Policy. Always a pleasure to speak to you, Terry. Certainly it's not going to be the last word, and it sets up for what one observer calls an epic constitutional showdown. What is your view? My view, firstly is discount anytime anybody says things like epic. But secondly, John, I think what you have to understand is what listeners have to understand is a little bit of perspective here Colorado. This Colorado Supreme Court, by a four to three decision, made its determination, but its Secretary of State has already said that Trump's going to be on the primary ballot, you know, abbs in some sort of additional action. So if that doesn't confuse things enough. Secondly, what you've got from the main Secretary of State yesterday is kind of an executative version of what the Colorado Supreme Court said, deciding on our own that trum Trump was an insurrectionist, but also understanding that the thing is going to be appealed. Net I wouldn't look for any of these things to stick. The Supreme Court of the United States is almost certainly not going to allow states to decide how to interpret the fourteenth Amendment of the Constitution, or alone denied candidate to federal rights under the Fifth Amendment. So, you know, generally speaking, I think these things are overblown. And the last thing I will say is there's a lot of state and federal courts that have decided in ways opposite of the Colorado and main courts. People need to remember that too. Donald Trump initially ran as a disruptor, and now he seems to be running as a victim. Does this all embolden him or does it give rise to some something along the lines of Trump fatigue. You know, that's a very good question, and I think the answer probably is some of both. The conventional wisdom right now is that this emboldens and empowers him with the electorate. You can certainly see how that might be so instinctively. But at the same time, it also I think adds to the appeal of not Trump Republican candidates who say, look, if you like the conservative policies and have them during Trump's administration, we can have those back, and we can have them without the circus. We're going to find out which of those is true, or potentially whether both of them are true, starting in about three weeks in Iowa, and so you know, we will see. But the attains me not to make a call on that, but I mean, truly we will see. I'm not going to be the expert on the feelings of the Iowa electorate, but the bottom line is is that I underperformed in the Iowa caucuses is going to give rise to a narrative that Trump, it might not be as strong, and the challengers are getting stronger, and that will reinvigorate the race at it to some extent. All right, speaking of challengers, Nikki Haley also making news with what she says or doesn't say, are the causes of the Civil War, namely slavery. How does that play out in the election cycle. I think that's a blip, honestly, John. It's used by and I'm not meaning to to minimize, No, I mean to minimize what she said or how she said it. But I think it's a blip. You know, she did what she needed to do, which was she was trying to make a trying to use a kind of states rights versus federal point about the war to make a case about the tensions that exist today. It was ham fisted, and she took it back, she clarified, and I think that that goes away pretty quickly. Honestly, this is kind of out of left field. Is Joe Biden going to stick with Vice President Kamala Harris as his running mate? Oh? I think so. Yeah. The Biden sees Harris whole including faults, but he would have a devil of a time taking taking her off the ticket at this point, and for that reason alone, I think he won't give us your view of how the election is all playing out. I will refer listeners right back to a very interesting Bloomberg story on the terminal about a Quinnipiac poll that was released on Wednesday that shows Biden and Trump basically the dead heat and the popular poll, but if you add Bob Kennedy to it, it becomes a thirty eight Biden thirty six Trump Kennedy twenty two race. And I point that out only to say that I've been saying for some time that third parties are going to be more invigorated and more important to this presidential race. You're listening to Bloomberg Daybreak today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one o six one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XMVI iHeartRadio app, and on Bloomberg dot Com. I'm John Tucker and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg or DaybreakSee 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On today's podcast: 1) The world’s debt market is on track to post its biggest two-month gain on record as traders ramp up expectations that central banks everywhere will slash interest rates next year. 2) Apple Inc. said it would put its latest smartwatch models back on sale in its US retail stores Wednesday after it won a court ruling in a patent fight, providing a quick reprieve for its $17 billion business. 3) One of Cathie Wood’s exchange-traded funds has executed a massive shake-up in its Bitcoin-related holdings as the cryptocurrency rounds out a blockbuster year. Full transcript:  Good morning. I'm John Tucker and I'm Karen Moscow. Here are the stories we're following today, the massive year and rally in bonds. In fact, the world's debt market on track to post its biggest two month gain on record. Bloomberg's Cretigoda has more other reasons behind the move. It's a complete when eighty in the markets. As investors around the world become more and more confident that inflation is actually in the rare view mirror, it's creating a massive bet in the bond market that is really unseen historically. The momentum that you're seeing in just the last two months has really created this idea that maybe you might see rates go even lower in twenty twenty four, not just from the Federal Reserve, but from market participants as well. Swaps, the measure through which traders make bets on the Federal Reserve and other central banks around the world, well, they're pricing about one hundred and fifty basis points of rate cuts right here in the United States and the UK next year. It's almost one hundred and seventy five basis points in the Eurozone. As investor confidence bills, the central banks have done their job, RIGHTO brigs Quitty Goop, who says the Bloomberg Global Aggregate Total return indexes risen nearly ten percent over November and December. Well, we turned to equities now, John, and European stocks are hovering near a two year high after the rally seen across Wall Street in Asian markets, and we go to London and get the latest with daybreak, europe banker Stephen Carroll, Stephen, thanks, Karen and John. European markets started out the day with gains, but that positive sentiment has petered out for now. The stock six hundred has dipped into the red, along with the benchmarks in London, Paris and Frankfurt. Energy among the worst performing sectors, Oil majors falling as crude prices retreat. Now, trading volumes across Europe are less than half their thirty day average, but the European benchmark is up almost thirteen percent this year, and it's still hovering at its highest level since January twenty twenty two. In London, Stephen Carrol Bloomberg Radio, all right, thanks Steven. Oil retreating from a one month high. Traders say key technical gauges their flashing weakness amid thin holiday trading, supply risk posed by Yemen based hoothy rebels haven't abated, even as incidents in the Red Seas start to slow down. The shipping giant hapag Lloyd says it will keep its vessels away from the Red Sea, despite the launch of a US led task force to protect the key trade route. Sylvia Westall is Bloomberg's managing editor in the Middle East. This idea of having a protection for shipping in this region, it actually already exists, as actually already forces based there. So I think some of the companies are a bit confused as to what it will really entail. Bloomberg's managing editor, Sylvia Westall says spot rates for a container shipping have jumped twenty six percent over the past four weeks. As we check Brent Crue, the international benchmark, it is down thirty one cents at seventy nine thirty four a barrel, and John Bitcoin is about forty three thousand dollars. It's been quite a run for the cryptocurrency we get more with the Bloomberg's Eddie Vanderwald prices went up from about sixteen thousand in the end of last year to more than forty three thousand at the moment. That's a rally of one hundred sixty percent, which you know, in bitcoin land is not uncommon. We do see these big up moves, but usually that is you know, associated with a lot of excitement and a lot of media attention and so on. We haven't seen that this year. What we are seeing though, is as the expectation of lower rates in the US and elsewhere probably comes to fruition. Next year, money becomes cheaper and there's more speculative money around, and some of that can flow into into assets like bitcoin, and Bloombergy Eddy Vanderwald says optimism over our possible sec approved bitcoin ETF is also helping fuel gains. Meanwhile, Caaren Well Kathy Woods Exchange Traded Funds has executed a massive shakeup in its bitcoin related holdings. More from Bloomberg's Jeff Bellinger. The Arc Next Generation Internet ETF sold all of its remaining shares of the Grayscale Bitcoin Trust, according to data compiled by Bloomberg, and on the same day, our investment management data show that it bought more than four point three million shares of pro Shares Bitcoin Strategy ETF, making it the fund's second biggest holder. Wood has been trimming her holdings in the Grayscale Bitcoin Trust in recent months, even as bitcoin rose to its highest levels since April of twenty twenty two. Jeff Bellinger Bloomberg Radio, All right, Jeff, thanks well. Apple putting its latest smart watch models back on sale and its US retail stores a's after it went accord ruling pausing a US sales ban on its newest models. Mark German covers Apple for Bloomberg in California and sin So, what happens now the Apple stores in the US did, about two hundred and seventy of them began resuming sales of the Series nine and Ultra TiO that are at the very center of this patent dispute with Massoow Thursday about noon Pacific time, the Apple Watch Ultra TiO in series line will return to the online stores. You could buy the model that you'd like from their online store and then staring on Saturday, all Apple stores in the US nationwide will begin car the alteratt series sign again, and Bloomberg's Mark German says the ruling now buys the company sometime and it's ongoing patent dispute with medical device maker Massimo. In geopolitical news, the Biden administration that is announced to another aid package for Ukraine. Bloomberg's Baxter has the story. It is two hundred and fifty million dollars in weapons and equipment and the final package of the year. It's drawn from Pentagon stocks, including ammunition for artillery and air defense systems, as well as anti armor munitions and more than fifteen million rounds of small arms ammunition. The DoD as well says that Javelin anti tank systems and Stinger Ata aircraft missiles will be offered. Secretary of State Anthony Blinken, in a statement, said it is imperative the Congress act swiftly to advance our the US national security interests by helping Ukraine defend itself. Ed Baxter Bloomberg Radio. All right, John, thanks time now for a look at some of the other stories making new around the world. And from that we're joined by Bloomberg's Amy Morris Samy. Good morning, Good morning, Karen. A coalition of mayors is asking the federal government to provide more support to manage the influx of migrants arriving by bus or plane from Texas. Mayors from New York City, Denver, and Chicago all say they need help as Texas Governor Greg Abbott sends more migrants to Democratic led cities. Chicago Mayor Brandon Johnson all of our cities have reached a point where we are either close to capacity or nearly out of room. Without significant intervention from the federal government, this mission will not be sustained. In addition, New York City Mayor Eric Adams has issued an executive order which requires thirty two hours notice from charter bus companies transporting migrants to the city. President Biden is justifying US attacks on targets in Iraq. Bloomberg's Nancy Lyons reports. In a letter to congressional leaders, President Biden says that Christmas Day attacks on three installations linked to an Iran backed insurgent group were necessary to prevent further attacks on US military personnel. Biden writes that the strikes were intended to quote degrade, and disrupt attacks on the US and its partners, and to deter Tehran's proxy forces from conducting further attacks. The US and its allies are trying to keep the Israel Hamas conflict from escalating into a broader war. In Washington, Nancy lyons Bloomberg Radio residential candidate Nikki Haley is refusing to say that slavery led to the Civil War. During a New Hampshire town hall yesterday, a voter asked Haley what was the cause of the Civil War, and the former South Carolina governor and ambassador to the UN gave a lengthy response about the role of government and the rights of the people, but she never mentioned slavery. What do you want me to say about slavery? I love, argued my question. Next question, the voter who asked the questions that he found it astonishing slavery wasn't even mentioned. US Representative Lauren Bobert says she's changing districts in Colorado. It's the right move for me personally, and it's the right decision for those who support our conservative movements. Alberta Republican announced on Facebook she'll move to the fourth congressional district, trying for the seat vacated by Ken Buck, who won't be seeking reelection. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm Ami Morris. This is Bloomberg Karen right Amy, thank you. What we do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand, and that means whenever you want it. Just subscribe to Bloomberg News Now to get the latest headlines at a click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's Dan Schwartzman. Dan, Good morning, Karen Stunner in Denver. As the Broncos have decided that nine time Pro Bowl quarterback Russell Wilson will be benched starting a Sunday's game against the LA Chargers, Jared Stidham will get the start. Head coach Sean Payton says it's all about getting a spark on offense, rather than get into the specifics, because I think that would be unfair today. It's more about what we're We weren't doing effectively enough offensively, and you know, when we were getting two or three turnovers. It's one thing, but you know. Ultimately our job is to get the ball in the end zone, and we've got to be more efficient doing that, all of us. That's Curtisyebroncos dot Com. Wilson starts the first year of a five year, two hundred and forty two point six million dollar extension next year at thirty nine million bit guaranteed for twenty twenty four. If Wilson can't pass a physical in early March, thirty seven million more will be guaranteed. Week seventeen of the NFL season gets under way, the Jets on the road in Cleveland facing the Browns. Cleveland is ten and five, Jets come in at six and nine. Trevor Simeon gets a star for New York Joe Flaco. He is a quarterback for the Browns. The finalist for the Pro Football Hall of Fame class at twenty twenty four half in announced. First time candidates include Julius Peppers and Antonio Gates. In the NBA, the Philadelphia seventy six ers remain hot. They knock off the Magic in Orlando one twelve to ninety two. Meanwhile, Milwaukee a big one forty four to one twenty two win over the Brooklyn Netsianna Santa Tocompo thirty two points, ten rebounds and eight assists. That's your Bloomberg Sports Update. I'm Dan Schwartzman from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias, exam, the Bloomberg Business app and Bloomberg dot Com. This is Bloomberg day Break, and I'm John Tucker. Good morning. The world's bomb market on track to post its biggest two month game on record. Meantime, SMP five hundred flirting with a record. Let's get you set up for the trading day ahead. We're joined now by Tim Craighead Bloomberg Intelligence Senior equities strategists. Hey, equities guy, Let's start off with Yeah, the debt market. Investors seem convinced central banks have won their battle against inflation. What could possibly go wrong? Tim, Well, I'll tell you it's very apropos to start off with a bond market if you're talking talking about stocks, because that's what striving stocks right now. There is no doubt about it. To the degree that we've seen, whether it's US, whether it's Europe, around the globe, a big rally since late October he had equities. It's all about bond markets. And if you look at expectations of central bank policy and use the FED as the bell weather, we've gone from expecting no rate cuts over the course of the next six to twelve months to where now you're looking at fifty basis points in six months and one hundred basis points in a year. And this is the issue. John. If this doesn't play through, if we have a change in reference for some inflation spike or something along those lines over the course in the next month or two, then this run we've had into year end across all asset classes is due for one of these abrupt, volatile changes like we saw a couple of times in twenty twenty three. That's the risk. Hey, looking back on history, how unusual is it to see bonds and equities rally at the same time and what does that indicate. It is interesting in that if you look whether it's in the post pandemic period where you can really dig into this microscopically over or longer term, quite often you do see one versus the other. And it's the same in the equities market, where you see either earnings driving equities, or you see valuation driving equities, and you know the corollary there is valuations quite often in stocks are driven by what's transpiring and interest rates. And you know the point that you're making here, it is unusual. We've seen stocks and bonds rip over the course of the past two months, and granted we're from a depressed level where you remember back into the depths of the cell off in October, it was all about uh longer for a higher for longer from a from a policy rate standpoint, and then all of a sudden we started seeing better inflation prints and that whole psychology changed, which allowed the run up in bonds, which allowed the run up and valuation. You look at the pe on either US or European markets and they've they've ramped up a couple of points. That's a big move, and it's all because of the change in bonds. So I think you can find narrow points of time like this where you see a big swing and interest rates that does have an immediate impact in the equities market. And it's all about the valuation connection, all right, specific to equities, what right now is the bar for earnings moving forward? It's a pretty low barrow, I would imagine in the US. Yeah, and I think you're right, and it is a difference between the US and the European markets. From a US perspective, we had an earnings recession through late twenty two into first half of twenty three, and we've started to see positive revisions coming over the last six months as we went through the mid year earning season into the third quarter reporting season, and estimates are still ticking up in the US. If you look over here where I'm at in London and Europe, we actually had much better earnings performance over the course of twenty two into the first half of twenty three. You'd be surprised. If you look to the chart on forward earnings expectations for Europe versus the US. Europe far outperformed over the course of the last eighteen months, but the last three months it started to change. We've had negative estimate revisions here in Europe and that's likely to continue into the next year. We think that's a big risk factor for the first half of the year where we are seeing a tick up in the US, and a lot of that's because of the TMT space, which was really the cause of the earnings, recession in the US starting to actually come alive, and we don't have that crutch. Here. You're listening to Bloomberg Daybreak today, your morning brief. The story is making news from Wall Street to watch Hington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one O six one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XM, thee iHeartRadio app, and on Bloomberg dot Com. I'm John Tucker and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak. HeSee 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On today's podcast: 1) European Stocks Rise After Holiday; Bonds Advance 2) Sam Altman, Jony Ive Enlist Apple Veteran to Work on AI Devices 3) Houthi Attacks and US Strikes Heighten Risk of Wider Mideast War See omnystudio.com/listener for privacy information.

On today's podcast: 1) The US Backs Israel As it Encourages a Strategic Shift in its War with Hamas 2) Former President Trump claims absolute immunity amid legal woes 3) OpenAI Could Soon Become One of the World's Biggest Startups See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) In the US - It's been a very Merry Crypto-mas with Bitcoin and Etherum surging. Will it continue in 2024? 2) In the UK - 2023 has been a year of inflation, rate debates, and job cuts. What lessons can be learned from the past year and how can they help us navigate the next 12 months? 3) In Asia - After a devastating pandemic and prolonged economic slowdown in China, how has Macau's casino and gaming business recovered? 4) In Washington - The 118th Congress has convened for the year after a session marked with turmoil. What was actually accomplished, and who were the winners and losers?  See omnystudio.com/listener for privacy information.

On today's podcast:1) Stocks, US Futures Decline Before Inflation Gauge2) Nike Sinks on Forecast3) U.S. May Lift Ban on Sales of Offensive Weapons to Saudi Arabia See omnystudio.com/listener for privacy information.

On today's podcast:1) US Mulling Hiking Tariffs on China EVs, Solar Products: WSJ2) White House Says It’s Tracking Apple Watch Case With Ban Looming3) Warner Bros. Is in Talks to Merge With Paramount GlobalSee omnystudio.com/listener for privacy information.

On today's podcast:    1) Trump Barred From Colorado Ballot in Unprecedented Ruling:     - Colorado’s highest court found that Donald Trump is ineligible to serve as US president because of his actions inciting the Jan. 6, 2021 attack on the US Capitol.     2) Herzog Says Israel Ready to Pause Fight in Bid for Hostages:     - Israeli President Isaac Herzog said his country is prepared to agree to a second humanitarian pause in fighting in exchange for the return of more hostages held by Hamas.     3) Federal Reserve Officials Push Back on Interest Rate Cuts:     - Federal Reserve Bank of Atlanta President Raphael Bostic said he doesn’t expect there will be urgency to lower rates next year, emphasizing that the US central bank must be resolute and patient as officials assess their next policy move.See omnystudio.com/listener for privacy information.

On today's podcast:1) US Announces New Task Force to Counter Houthi Red Sea Threat2) Apple Races to Tweak Software Ahead of Looming US Watch Ban3) BOJ Keeps Traders Guessing on Negative Rate as Yen Rally StallsSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel Pushes Back On Increasing European Calls for Cease-Fire     Israel’s foreign minister said any call for a cease-fire with Hamas is a “prize for terrorism,” after France, UK and Germany urged efforts toward halting the war as the civilian death toll mounts.      2) Dimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick By     Halfway through Jamie Dimon’s special incentive to stay five more years atop JPMorgan Chase & Co., insiders are predicting more senior leadership changes to help potential successors gather experience.      3) Powerful Storm Lashes the East Coast With Wind and Rain      A powerful storm roaring up the US East Coast is hitting New York City, bringing heavy rain, widespread flooding, winds strong enough to delay air travel and to cause power outages.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) In the US - US retail sales unexpectedly picked up in November as lower gasoline prices allowed consumers to spend more to kick off the holiday shopping season. 2) In the UK -  It's crunch time for last-minute shoppers ahead of the holidays in London - with retailers hoping for a last-minute surge in spending, despite the general economic gloom. 3) In Asia - Bank of Japan officials see little need to rush into scrapping the world’s last negative interest rate this month as they have yet to see enough evidence of wage growth that would support sustainable inflation 4) In Washington - Anticipation of a new wave of investors has Bitcoin booming once again. Key to the newfound optimism are indications that the US will soon approve exchange-traded funds that invest directly in the cryptocurrency.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Equities held gains after the Federal Reserve validated bets that it will soon move to easier policy and pushed stock market gauges toward all-time highs. 2) Treasury Secretary Janet Yellen said she plans to visit China again in 2024, seeking to deepen areas of cooperation and improve communication even as she vowed to continue confronting Beijing over national security concerns and human rights. 3) Citigroup will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of the Wall Street giant.   Full Transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen. Stocks are set for their fifth weekly gain, with rate cut bets giving traders a lot of hope heading into twenty twenty four. Equities are pushing for all time highs after J. Powell indicated this week the Fed could ease monetary policy soon. The S and P is advancing toward its seventh consecutive weekly advance. Oil is looking at its first weekly gain in almost two months. Neil Dutta of Renaissance Macro Research says the Fed is following a framework that will allow the US economy to grow. The die has been cast for this for a little bit of time now, I mean, and that's because inflation is slowing more rapidly than they expect. I mean, I think the Fed is following essentially a rules based framework where they're taking changes in inflation and the unemployment rate and translating that into expectations around the federal funds rate. And that's basically what's happening. In fact, last month, Neil detis that he expected the Fed to cut rates by March, so he says he is not surprised by the pivot, but Nathan Dudda's expectations were not shared by many on Wall streets, such as Peter Sheer, head of Macro's strategy at Academy Securities. Really took me by surprise of how comfortable the power was with cutting rates. So when I was at four twenty, I was getting nervous about risk assets because I thought the only way you have to four percent, given what the FED was saying, is for economic conditions to turn much worse. They didn't turn much worse, and yet we're at four percent because of the FED. So I think we have some room for risk to continue to rally, and it's been a great run. Peter Sheer with Academy Securities also tells Bloomberg, despite hawkish stances from the European Central Bank and Bank of England, he expects more growth outside the US. He specifically focused on shine Up. He anticipates further cooperation with the US and increased stimulus measures, and that's the signal that Treasury Secretary Janet Yellen is sending Karen. She says she's going to visit China again next year with a goal of deepening ties and improving communication with the world's second biggest economy. Speaking of the US China Business Council in Washington, Secretary Yellen said that the discussions will focus on difficult topics, but she expects cooperation from both sides. America's fundamental economic strength means that we have nothing to fear from healthy economic competition with China or any other country. The United States does not seek to decouple from China. This would be damaging to both our economies. Still, Treasury Secretary Yellen says the US will pursue export controls and investment restrictions that have angered China. She did stress the need to engage to prevent what she calls a wide range of diplomatic and financial crises. Well as for the latest moves in China, Nathan, the People's Bank of China pumped a record amount of cash into the economy to try to prop up as struggling property market and boost de mad It marked a bullish signal to investors who have been disappointed in china recent piecemeal approaches to stimulus. Meanwhile, stocks across Asia traded higher on optimism over a FED pivot. Now let's turn to a major move in US banking Karen Bloomberg News has learned City Group is shutting down its municipal bond business. It is one of the most dramatic moves yet in CEO Jane Fraser's ongoing restructuring as she looks to squeeze better returns out of the Wall Street Giant. Bloomberg Finance team leader Sally Bakewell says although the move was expected, it is still a shock. City was an absolute powerhouse in this four trillion market for US state and for local debt. It helped on deals for some very prominent buildings in landmarks, such as the World Trade Center rebuilding the Port Authority of New York and New Jersey. It was also one of the lead underwriters Bloomberg. Sally Bakewell says City will complete the wine down by the end of the first quarter. Source to say the moves expected to effect about one hundred employees and some more news on the labor front this morning, Nathan General Motors cutting more than one thousand, three hundred hourly job. Is it a pair of plants in Michigan. It comes less than a month after GMS he unionized workforce. It proved a new labor contract the counts will take effect January. First s turned to politics Now Karen and messaging out of Washington. President Biden continues to urge Israel to be more cautious in its war with Hamas. Bloomberg z ed Baxter has the details a bit of a change from the message he's delivered for the last week. NIC spokesman John Kirby says keywords are lower intensity possible transitioning from what we would call high intensity operations, which is what we're seeing them do now, to lower intensity operations sometime, you know, in the near future, meaning more surgical operations aimed at a Moss leaders rather than the current force. Biden says the focus should be getting Hamas, but also saving civilian lives. I'm at Baxter Bloomberg Radio, all right, and thanks. Meanwhile, in Europe, Ukraine has taken a win and a loss at the EU leader summit in Brussels. The leaders have agreed to open membership talks with Ukraine, but they couldn't not agree on a new financial aid package. That debate will extend into early next year. Hungary's Victor Orbond planned the are blocked the planned fifty billion euro package despite support from the twenty six other EU leaders. The amount of newly committed Western eight for Ukraine has fallen to its lowest level since Russia's invasion almost two years ago. That has Russian President Vladimir Putin expressing renewed confidence in his war aims at his annual end of year news conference. Coming back to the ghouls, they remain unchanged, I will remind you it means the Nazification, the neutralization all of Ukraine and its neutral status. This was President Putin's first end of your news conference since he ordered the Ukraine invasion in February of last year. S and P futures are higher by three tens of one percent, up thirteen points. Now futures up one hundred and twenty five points, that's again of a third of one percent, and Nasdaq futures are about a third of one percent higher as well, up fifty three points. Global headlines straight ahead, plus a check of sports. This is Bloomberg sor Ry Nathan. Thanks. It's time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker. John, good morning, and good morning, Karen. Google Will stop telling police witch users we're near a crime. That story in this report this morning from Bloomberg's Amy Morris, Google is changing its maps tools so the company no longer has access to users individual location histories. It cuts off its ability to respond to law enforcement warrants that ask for data on everyone who is in the vicinity of a crime. The change comes three months after a Bloomberg BusinessWeek investigation that found police across the US are increasingly using warrants to obtain location and search data from Google, even for nonviolent cases and even for people who had nothing to do with the crime. Google will roll out the changes gradually through the next year on its own Android and Apple's iOS mobile operating systems. Amy Morris Bloomberg Radio. President Biden trying to rally support among seniors, highlighting new government caps and prescription drug prices, saying the effort will help crack down on price gouging by the pharmaceutical companies. Year before we pass the cization, drug maker's jacked up prices nearly four times faster and inflation went on and they were already too high. Let's call this for what it is is, simply, it's a rip off. Under legislation passed by Democrats, pharmaceutical companies are required to pay rebates to Medicare when they increase certain drug prices passed inflation rates into Bloomberg News Morning consult Paul released Thursday, Biden trailed Donald Trump across a number of swing states. US defense officials say a cargo ship caught fire in the Red Sea this morning into being hit by a projectile launched by rebel controlled Yimmen. The attack and eyed Lightberian flag vessel further escalates a campaign by Yemmens, Iran backed Hooti rebels who claim responsibility for a series of missile assaults in recent days. A lawyer for two former election officials told members of a jury and federal court Thursday they should send a message in considering how much former Mayor Rudy Juliani should have to pay for spreading diffamatory lies about them as part of his effort three years ago to keep President Trump in office. At the last minute decision, Juliani decided not to testify as planned on Thursday. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm John Tucker, and this is Bloomberg. Karen, all right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand, and that means you can get it whenever you want it. Subscribe to Bloomberg News Now and you can get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Scores Update with John Stashauer John Karon. Blowout in the Desert. Just a few days after the Raiders had a home game and lost to the Vikings three did nothing. They had another home game and beat the Chargers sixty three to twenty one. This game was twenty one nothing in the first quarter. It was forty two to nothing at halftime. That's a near NFL record. It was sixty three to seven midway through the fourth quarter. The Raiders rookie quarterback Adan O'Connell through four touchdown passes. The Chargers lost four fumbles. It's the most points the Raiders have ever scored in the game, and it's the most points the Chargers have ever allowed. Celtics twelve and I went home. They've be in Cleveland, won sixteen to one oh seven. Warriors now just ten and fourteen, playing without the suspended Draymond Green. They lost to the Clippers in LA. Won twenty one one thirteen. Big NBA story so far this year the Minnesota Timberwolves now eighteen and five A one nineteen one oh one win in Dallas. Luca Dompson scored thirty nine and the loss. In Sacramento's win over Oklahoma City the Aaron Fox points for the King Shay Gilgess Alexander scored forty three the loss the Thunder. George McGinnis, the Hall of Famer who played for the Pacers and Sixers, has passed away at the age of seventy three. Capital Is lost in Philadelphia four to three in a shootout in LA. On the day that the Dodgers introduced Joe Otani, they added another player, pitcher Tyler Glass, now comes from Tampa Bay with outfielder and Manuel Margo. The Rays get a couple of prospects in return. Remember, Otani is not going to pitch. He's only going to hit in twenty twenty four. Don Statieward, Bloomberg's courts Karen, all right, John, thank you. While we are watching stocks, they're set for a fifth weekly game this on the Fed pivot, and we want to discuss all of this. We're going to be bringing in Andrew Sheets, the global head of Corporate Credit research Ed Morgan Stanley, for that discussion and ahead of EDSMP futures are higher again this morning. They're up three tenths even percent of about fourteen points. Dwaen Nasdaq futures all also up three tenths of up percent. This is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's exam, the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. There is plenty of fuel for optimism in the US market, with the Federal Reserve signaling this week that it is in fact ready to start thinking about cutting interest rates next year. But when it comes to global central banks like the European Central Bank and the Bank of England, they're holding firm on higher for longer. So what's this mean for the outlook headed into twenty twenty four. Let's get some answers now from Andrew Sheets, global head of corporate credit research at Morgan Stanley. Andrew, it's great to speak with you this morning. So what does a more dovish FED and a more hawkish ECB mean in your world? So? I think the important starting point is that I think we've seen an evolution of the data that's much better than we or the market would have expected six months ago. You know, over the last twelve months, the US economy has grown three percent year every year, and inflation's been declining. And in Europe you've seen again inflation really start to moderate in a way that the ECB a number of central bank watchers would not have expected six months ago. So I think the important factor, the most important factor, is that this year has been all about inflation, and inflation is finally coming down, which gives these central banks a lot more flexibility to moderate policy as that happens. So again, you know, you've seen central banks react to that a little bit differently, the FED sounding a little bit more dubvish, the ECB sounding a little bit more hawkish, But I think the core message as you go into next year is these are central banks that are done hiking. They're going to be cutting, and the path is going to be easing going forward. But the path is going to be easing at a much different pace. It seems like when we hear this more hawkish tone from the likes of Madame Legarde, what could that mean for a global bond markets If we see higher for longer in the Eurozone and maybe not so much here in the US. Well, I think what the market might test is how credible that more hawkish rhetoric really is. You know, we've seen a very weak PMI data out today from the Eurozone. You're seeing inflation in the Eurozone come down quickly, and on Morgan Stanley's forecast it continues to decline quickly. And so you know, we can understand from a strategic standpoint, not wanting to ease up too early on the rhetoric run inflation, wanting to establish the ECB's credibility on inflation. But as the data continues to come in, as inflation data continues to fall, as the growth data is soft, we'd be surprised. We would not expect the ECB to continue to sound this hawkish into next year, and would expect them to be to be easing policy in line with the FED into twenty twenty four. Interesting, what about the Fed's credibility? Is there a risk that the FED pivots back the other way next year? Is that something in your forecast? It's not in our forecast. And I think the point about credibility is key. You know, credibility is everything in central banking, and I think to the credit of the FED, they are talking more dubbishly as core inflation is coming down on Morgan Stanley's estimates with the latest readings of producer price inflation six month annualized core PCE, and thinking about core PCE is the measure of inflation that the FED cares about the most. Over the last six months, core PCE in the US is running at one point nine percent. It's at the Fed's target. If anything, it's a little below. So the idea that the FED is reacting to that data, it is and it's not done anything yet. It's simply talking about the possibility that it might ease and the fact that the FED thinks the neutral rate is way down at two and a half, two and three quarters. All the FED is doing is saying, look, we have policy way above neutral. Core inflation is rapidly approaching our target. Yes, we will be easing policy next year. I think that's a credible place for the FED to operate from. What about the market credibility of they're pricing in something like what six or seven rate cuts next year when we got three from the dot plot? Do you see the FED moving more in line with the market or the other way around. So the market has moved very quickly. I mean, we had forecasts that we thought were quite dubvish when we put out our outlook in the middle of in early October, in early November, excuse me, you know we had the US tenure at three ninety five. By the end of twenty twenty four, it's more than gotten there. You know, we had three hundred basis points of FED cuts over twenty four and twenty five. Again, a lot of that's getting priced in. So I think objectively, the market's moved to price in more cutting than we have expected. But I think it's also fair to say that it is historically normal. Once the FED thinks that a central bank is done hiking. The market usually expects, usually somewhat overestimates future cuts as the market's trying to balance the probability of a FED staying on hold with something more significant, So a lot has been priced in. But I think the general idea that the market once a FED, once the FED is done, starts pricing in more cuts that is very consistent with what we've seen over prior cycles. Really good to have you on with us, Andrew, at the end of a really interesting week for central banks. That's Andrew Sheets with us this morning, Global head of Corporate Credit Research at Morgan Stanley. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast, feat at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) A New Bloomberg poll Shows Trump Leads President Biden in All Swing States 2) Markets Surge as traders anticipate easing of monetary policy 3) The House Votes along Party Lines to Authorize an Impeachment Inquiry into Biden See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Zelenskiy Visits DC and President Biden Rifts with Netanyahu 2) Traders watch for rate cut clues on the Fed's final decision day of 2023 3) The world makes an historic fossil fuel promise at COP28 See omnystudio.com/listener for privacy information.

 On today's podcast: 1) Google’s legal defeat at the hands of Fortnite maker Epic Games Inc. threatens to roil an app store duopoly with Apple Inc. that generates close to $200 billion a year and dictates how billions of consumers use mobile devices. 2) Harvard President Claudine Gay will remain in office after receiving backing from the University’s highest governing body, according to a report from the college’s student newspaper. 3) A monthly Bureau of Labor Statistics report due Tuesday is set to show consumer prices were unchanged again in November, giving the Federal Reserve room to consider lower interest rates in the months ahead, according to Bloomberg Economics. Full Transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We want to begin this morning with an antitrust ruling that threatens to upend the mobile app economy. A federal jury in San Francisco has ruled in favor of video game developer Epic Games, declaring that Alphabet's mobile app store has a monopoly over distribution of programs and payments on its Android software. Like Apple's App store, Google Play charges up to thirty percent commissions for users, and it generates close to two hundred billion dollars a year. Bloomberg Executive editor Peter Elstrom says this was a surprise ruling after Epic lost a similar case against Apple two years ago, but he says there are some key differences. Google had a whole series of special deals that it was cutting with different companies from different fees within the app store. For example, Spotify, the music service, essentially bypass the fees from the Google App Store. In many cases, companies pay thirty percent fees. So the argument was that Google. Google had something that they called Project hug where they were trying to keep the most important apps within the store not go to rival stores that could compete against them in the Google Play Store, and Epic argued that this was at a competitive behavior. Bloomberg's Peter Elstrom says Alphabet plans to appeal the decision. Epic didn't seek financial penalties, but it is looking for changes to the Google Play Store. Well, we turned to Washington, now, Nathan, where the focus is on geopolitics and the fight over a foreign aid in Congress. Ukraine's President Vladimir Zelenski is in Washington for a two day visit. He spoke alongside Defense Secretary Lloyd Austin at the National Defense University yesterday. Process war on Ukraine isn't just about Is it just about some old fashioned dictatorship trying to settle scores real or imagined. It's not just Moscou trying to split Europe again. It's put him put in attacking that big sheet that happened back in nineteen eighty nine. And President Zelenski also met with the head of the International Monetary Fund, A christ Alina Georgiaeva, who announced the dispersal of nine hundred million dollars in aid. Selenski meets today with President Biden and Republican lawmakers. They refused to budge on about sixty billion dollars in new assistance without funds for the southern border. Well, Karen, the focus is also on the other major global conflict in the Middle East. President Biden is warning Israel that public support for its war against Hamas could shift as the civilian death told mounts in the Gaza strip. The President is still backing Israel's fight, as I said after the attack, Mike, commitment to the safety the Jewish people and the security of israel Is right to exist, is independent as an independitary state is just unshakable. President Biden spoke at a Whinehouse Honkka reception as his administration pushes Congress for new aid. Meanwhile, Nathan last Week's Congressional testimony over campus anti semitism continues to Royal higher education. More than seven hundred faculty members at Harvard University have signed a petition urging school leadership to resist political pressures, including calls for the removal of President Claudine Gay. More than a thousand students at alumni, including billionaire donors like Bill Lackman, are demanding this school replace her, and this morning, sources tell the school's newspaper at the Harvard Crimson, that Gay will remain in office. After receiving backing from the university's highest governing body, Gay in the heads of MIT and the University of Pennsylvania struggle to say directly that calling for the genocide of Jews violates school harassment policies. Liz McGill stepped down as Penn's president over the weekend. Sticking with politics, the Supreme Court has agreed to hear former President Donald Trump's claims of presidential immunity over the Special Council's twenty twenty election interference case. Bloomberg Zed Baxter has that story. Special counsel Jacksmith filed the motion, saying it goes to the heart of democracy whether Donald Trump or any other president has what Trump has claimed as absolute immunity. Trump filed an appeal that would go to win Appellet Court, but Smith petitioned the highest court in the land to try to get an expedited ruling. It would end up there in any event. The fighting Mirk's the first time the Court has been asked to intervene in one of these cases on election interference. Regarding mister Trump, Smith is asked for the court to rule during this term, which ends in June. Ed Baxter, Bloomberg Radio, All right, ed, thanks. Elsewhere in politics, ousted former Congressman George Santos is in plea talk to the prosecutors, and Bloomberg's Nancy Lyons has the details. Prosecutors say in a filing that they're engaged in discussions with George Santos in hopes of resolving the matter without a trial. Santos was set to appear to hearing Tuesday. Santos is charged with multiple federal counts of stealing public funds and lying on federal disclosure forms. Two people tied to Santos's congressional campaign as former fundraiser and former treasurer, have both pleaded guilty to federal charges in Washington. Nancy Lyons, it's Bloomberg Radio. All right, Nancy, thank you. We have some major economic news on the calendar this morning. The November Consumer Price Index comes out at eight thirty Wall Street time. The final Federal Reserve meeting of the year kicks off today and we get the decision and Chair J. Powell's news conference tomorrow. Markets are looking for rate cuts next year. But Bloomberg Intelligence chief US interra strate Strategistyreg Jersey thinks Powell is going to push back. The Fed is still an inflation fighting mode, right and I think that they don't want the market to think that they're going to be cutting very early, because that's loosening financial conditions quite a lot. And because of that, the big risk is to markets on Wednesday is that they say, hey, we're probably not going to cut quite as aggressively as the market's thinking right now. In Bloomberg, Syra Jersey says, even if headline inflation meets market expectations, core CPI could remain elevated enough to keep rates on hold well into twenty twenty four. Tim how to take a look at some of the other stories making news around the world with Bloomberg's Amy Morris. Good morning, Amy, Good morning, Nathan. Firefighters didn't find anyone trapped in the debris of that New York City apartment building yesterday. Part of the seven story building collapsed, leaving apartments exposed and walls just sheered off. Neighbors are stunned. Came from the top first and it just started falling down everywhere. I just see a lot of stuff just flying down. I don't even know the bullet and phone and tire really look was scared. I was, I'm thinking, you know, oh, everybody's okay. Fire officials say two people did suffer minor injuries while they were evacuating the damaged building. After a poll last week showed Mayor Eric Adams approval rating for a record low twenty eight percent, there's a new poll showing who could be the person to succeed Adams. Leading the list. Former New York Governor Andrew Cuomo. Political consultant Ken Friedman says Cuomo would be a viable candidate, and he tells WABC New York the timing for Adams is just awful. The migrant issue is a terrible problem for any mayor, to be fair, and I can't you know, I've thought about it a lot. And have you put you put LaGuardia in office now, I don't think he could handle this, or even Giuliani. Frankly, some observers say it's the migrant crisis that's hurting Adams more than anything else. Former Trump lawyer Rudy Giuliani's defamation case is underway in DC. Giuliani had earlier admitted he spread lies about two Georgia election workers, accusing them of manipulating ballots, but now as the case gets underway, Giuliani now denies that he likes when I testify, to get the whole story, and it will be definitively clear that what I said was true and that whatever happened to them, which is it's unfortunate if other people overreact, but everything I said about them is true. The hearing is to determine how much he owes for spreading the lies about the women. President Biden last week said he was willing to make significant compromises over border policy now before Congress breaks for winter recess. Senate Minority Leader Mitch McConnell told the White House in his Senate floor remarks, it would be imperative for any other Senate support mister President when it comes to keeping America safe. Border security is not a side show. It's ground zero. McConnell's latest push comes as Ukrainian President Voladimir Zelensky is scheduled to address the Senate. Global News twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm Amy Morrison. This is Bloomberg. Nathan, all right, Amy, thank you time now for the Bloomberg Sports Update, brought to you by Tri State Outy. Good morning, John Stanshout, Good morning, Nathan. The legend of Tommy Cutlet Stavino continues to grow. It's quite a story. Undrafted rookie quarterback latches on with his hometown team while still living with his parents. He goes from third string quarterback to first leads the Giants to three straight wins. Last night, DeVito ran for seventy one yards and he completed seventeen of twenty one passes, one per touchdown. Gasito in a shotguncept three receivers lacked partly news light Torino call signals and take what's the snack back to throw Woo's KOs White, Wo's Ques White looking for someone on cover crosse to the year zone touchdown Giants Hi Sea Hodgin on WFA N. Giants led the Packers by eight. Green Bay rally took the lead on a TV with a minute half to go, but de Veto drove the Giants into field goal range and they won twenty four to twenty two on a Randy Bullock thirty seven yarder. The Giants still just five and eight, but amazingly in the NFC, that's only one game out of a playoff spot. There were two Monday Nighters and the Titans of Dolphins also a thriller in Miami. Huge comeback by Tennessee down two touchdowns less than three minutes to go, they scored fifteen points a TV at two pointer or another TV fifty one seconds later. Tennessee won twenty eight twenty seven. Surprising details emerging about the show Aotani contract with the Dodgers. It is for seven hundred million dollars, but all but twenty million will be deferred and paid off starting in twenty thirty four. This allows the Dodgers to afford other players, and they're said to be in it for another Japanese import pitcher, y Ashinobo Yamamoto, who the Mets and Yankees also cover. Yanks met with him yesterday. Nixon Islanders both beat Toronto, the Nets lost in Sacramento. John Stash Edward Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias exam, the Bloomberg Business app and Bloomberg Dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We could have a sea change coming to the way we access the apps that make our smartphones more than just phones. The federal jury in San Francisco has found that Alphabet's mobile app store Google Play is a monopoly after a nearly month long antitrust case with fortnitemaker Epic Games. For more on this what it could mean for the multi billion dollar mobile app economy, we are pleased to be joined by Bloomberg News technology reporter Mark Bergen Mark, Good morning. What are the implications from this victory for Epic Games? Morning? I mean the implications in one way is that Epic and many other kind of all these apps that charge for subscriptions or sort of in app services will be conceivably able to pass us along to consumers. They will just state that cut they were making that thirty percent over to Google. If the policy actually changes, is that something that they no longer have to make and so that those companies will either have more money for their own shareholders or that they can actually just charge cheaper rates to consumers. Interesting to see that potential implication when the whole idea of antitrust cases is to try to lower prices for consumers. But you're thinking that Epic and some other app providers that might be the opposite case for them. Oh no, no, and sorry, I mean I presumably they could lower prices here because this is money that like, that's the argument that Epic has been making, right, that they the reason they have to have the higher fees is because that they you know, every time someone buys something within the app Store for a thirty percent cost to the Apple in the play Store, thirty percent coast to Google. And so now they've been arguing in others that they can pass these savings along with cheaper cheaper rates, pass the savings along. Okay, yeah, for sure, let's get the miss here there. But Epic lost a similar fight against the Apple App Store two years ago. What made its case against Google play so different? It's a really interesting question because I know Google will certainly argue that they are a lot more open than Apple. I mean, Apple is, Google has Android was a bunch bigger. They have, like they have a different Samsung soa it has its own app store, and Huawei, these sort of hardware manufacturers. Google is that does allow other app stores to exist on Android phones in a way that that Apple just doesn't on iPhones. I mean this this u is a different political climate in some ways, Like Google is back against the ropes on a number of issues around around antitrust and both with its search position in its app store. And this something that that Fortnite has been an epic its owner has been working on for years. So does this verdict have applications then for the Apple App Store or any other providers that offer app stores on their platforms, or is it just you know, just for alphabet This is I mean, this is a this is a two company market in some ways, and in many ways Apple dominates, right, So so another company sort of gives us a full clarity about how much they make. But you know a lot of estimates show that Apple just makes so much more money from that's app store, like iPhone users spend a lot more money. So this is something that could certainly impact Apple. I think you know what Epic CEO Tim sweet Sciaty's after is not just a legal victory, but he's actually after a policy business practice change. He wants the business models and the app stores to fundamentally change, and they have been for for the past few years, both Apple and Google have lowered the fees they take for some subscription services like Netflix, and they've made some concessions and been forced to make concessions and other markets. So I think, you know, we can also see that after the ruling, Google came out and said there they're contesting this, so they're certainly not going now without a fight. How difficult to fight is it going to be? Though? On appeal? I mean, we've been speaking to some legal experts that say the bar is set pretty high for Google to try to overcome the difficulties that faced the trial. Google has many well paid and veteran lawyers there you go, and outside law firms, so I don't doubt that they'll actually have enough kind of a legal fire part to keep fighting this if this does stand. Though, Mark, what kind of hit does Google stand to take from revenue? I mean, thirty percent fees is nothing to sneeze at, that's correct, But this is still a small portion of their overall business, right like this has something this has not impact their cash cow search search advertising, and then from there they make some farmer money on YouTube ads, on display ads across the Internet and the cloud business, and you know this is around the same down in the and the sort of they blump everything together with their hardware businesses like Google, Pixel and Nest Devices and then play Store. So it's not insignificant certainly for any of the companies that that's not an alphabet size. But as you see, I don't as far as I know, shares didn't drop tremendously on this news, and I think that's in part because the markets are aware that, you know, Google is this behemoth that has a lot of different lines of businesses and at the same time, Google's facing anti trust action from the Justice Department over search, particularly on cell phones where the app store, where the Google play Store lives. So in our last minute, could this case have implications for for that case, or it's trying to make maintain its search dominance on cell phones. I think. I mean, this certainly gives more ammunition to critics like Epic Games and Company and Spotify has been a critic of sapster model and companies that have been kind of willing to come out and take positions around and complains the Justice Department to the FTC. And so I think in that political sense, yeah, it certainly puts Google further back on its speed. All right, thanks for this, Mark, really good to get the clarity on this pretty important decision. With Epic Games winning its anti trust fight against Alphabet over the Google Place store. Mark Bergen covers tech for Bloomberg News. Now let's turn to geopolitics and the rising stakes for both Ukraine and its defense against Russia and Israel's fight against Hamas. Today, Ukrainian President Vladimir Zelenski will continue to press his case for renewed aid multi billion dollars in aid to his country. He's going to be speaking directly to lawmakers in Washington, Whileen is warning Israel that public opinion could shift if the war in Gaza continues to take a severe civilian toll. And for more on all this, we're joined by Bloomberg News Senior editor Derek Wallbank. Derek, I know you've been monitoring President Zelenski's trip to Washington. This is day two. He's been speaking to the National Defense University, the International Monetary Fund as well. What should we expect as the Ukrainian president meets today with US President Biden and those lawmakers on Capitol Hill. Well, I think he's got a very tough job ahead of him. The aid to Ukraine is currently stalled amid package negotiations over aid to Israel, as well as Republican demands for increased border security measures. Zelenski walks into that fight, I think, in a much weaker position than he was in the last time that he was in Washington. Remember, he got received with somewhat rapturous crowds. He had addresses to US lawmakers. It was a whole it was a whole thing. For lack of a more technical term, it's not so much that in case. Right now, I think there is rising skepticism, especially on the right, over the over the war in general. There is somewhat of an increased appetite in Washington. You know, maybe not a majority opinion, but certainly a sizeable opinion uh that that this war needs to find an off ramp. And unfortunately for Zelenski, he's caught a bit between a rock and a hard place, because on the on the Washington side, you're talking about a difficulty with Republicans who, in fairness, may be trying to simply extract something rather than actually hold this up indefinitely. On the other side, in Europe, you've got he's having problems with Victor ORBN in h in Hungary, gumming up some of the aids there. And between those two things, you are seeing new aid pledges to Ukraine reach a substantial low compared to where it was earlier this year or even late last year. I mean, we're hearing some of the rhetoric from President Scolensky sounding quite a bit more dire if he doesn't get this aid, talking about the threat it could post a democracy if Russia's hand were to be improved by Ukraine not receiving this aid. What about that? Could that change any minds? Do you think on Capitol Hill, this idea that this is still a fight for democracy in Ukraine. Yeah, well, I think the number one mind that I'm particularly interested to see is the new US House speaker. Right, remember that, if we go all the way back, and it's not actually that far back, but to when Kevin McCarthy was speaker, there were some talks in the last funding as part of the last funding negotiations that Ukraine aid would be brought up at some point. Then, of course McCarthy stops being speaker. All of his promises go right out the window, and in comes Mike Johnson, the Louisiana Well, Johnson was quite a Ukraine skeptic before he took the speakership and before he started getting those confidential security briefings that speakers do get. Johnson was telling the Wall Street Journal CEO Forum just last night that he's going to have a message for his Zelenski to basically say, look, we've got to get all of this done together. He said he's going to tell them the same thing in private that he's saying in public. Sure, fine, that's all good. The question that I'm really interested in it is what is Mike Johnson's price for putting something on the house floor. If he put something on the house floor, it's probably going to pass. That's just the math of it. But Johnathan have got a difficulty because he's got to deal with his conference, and his conference is going to want things out of this how much? That's the critical question. What do you make of the you shift in rhetoric? It seems like we're hearing from President Biden when it comes to the stance toward Israel and the mounting civilian death toll. Well, Joe Biden warned at a Honika reception that a public opinion can shift on the war. Certainly, I think Biden has seen public opinion kind of sour a little bit on his own handling. Some of that is from within his own party. Some of his big supporters are are disappointed with how closely he has tied himself to Israel. At the same point, some people on the other side, of the more central side of the Democratic Party would say he hasn't done it enough. So he is in a very difficult political position on this, But as a matter of straight fact, he is right. You know, there is a risk as Israel prosecutes the war that the mounting civilian tolls could create a public a public relations problem for Israel in some of the country is that are backing them up, specifically in the United States. So that is a warning that he's been trying to do. But the problem is is that if you try, and politically speaking here, if you try and have it both ways, sometimes you wind up having it neither way. And the White House right now doesn't really have a ton of friends across the political spectrum with how it's been handling this, because each side would say that somebody else is doing it better or that they're not doing quite enough. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Election devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Serious XM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Global leaders express concern over civilian deaths in Gaza 2) President Biden's Israel support dents poll numbers as Putin, Netanyahu Talk Amid Rising Tensions Over Israel-Hamas War 3) Traders look for rate clues ahead of this week's Fed meeting See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.1) In the US - We preview Federal Reserve policy meeting and news conference with Chair Jerome Powell. Economists see the Fed’s policy committee maintaining a benchmark interest rate target of 5.25% to 5.5%, with bond traders leaning toward a cut in the first half of 2024. 2) In the UK - It's a big week ahead for central banks in Europe too - with both the Bank of England and the European Central Bank meeting on Thursday. Market bets on rate cuts from policymakers in London and Frankfurt have been ramping up - but there's more data to come too. 3) In Asia - The Chinese economy has struggled this year in its post-Covid recovery. For months, the optimists have been hoping for signs of a turning point. Might there be a glimmer of improvement in the week ahead? 4) In Washington DC - we look ahead to what we can expect from congress in the new year.  See omnystudio.com/listener for privacy information.

On today's podcast: 1) The Palestinian Prime Minster says he's talking with the US on a post-war plan for Gaza 2) Hunter Biden Indicted Again as President Biden Gears Up for Re-Election 3) Wall Street Preps for the November Jobs Report See omnystudio.com/listener for privacy information.

On today's podcast: 1) Elon Musk’s SpaceX has initiated discussions about selling insider shares at a price that values the closely held company at $175 billion or more, according to people familiar with the matter. 2) The latest jockeying between President Joe Biden and Republicans in Congress over Ukraine aid is fueling fresh concerns over Washington’s commitment to support Kyiv’s fight against Russia as the 2024 US election nears. 3) Former UN Ambassador Nikki Haley solidified her claim to be the main alternative to Donald Trump for the Republican presidential nomination, drawing attacks from her rivals over her connections to Wall Street donors and hawkish foreign policy views.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Russian President Vladimir Putin arrived in the United Arab Emirates to start a rare foreign trip that will also include a visit to Saudi Arabia, with bolstering cooperation among strategic oil producers a top priority. 2) Israeli leaders rebuffed mounting pressure to halt the military campaign in the southern Gaza Strip, vowing to press on until Hamas is eradicated even as the death toll rose and the United Nations warned that civilians had no safe harbor amid the bombing. 3) President Joe Biden said he may have decided to serve just one term if Donald Trump were not seeking to return to the White House, arguing the former president poses a grave threat to American democracy.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest on the war in the Middle East. Israeli leaders are vowing to continue their fight to eradicate Hamas despite criticism from international groups. Prime Minister Benjamin Netanyahu lashed out after the un said there are no longer any safe places in Gaza. I say, to the women's rights organizations, to the human rights organizations, you've heard of the rape of Israeli women, horrible atrocities, sexual new relation. Where the hell are you? Prime Minister Natanyahu's troops are continuing to press into the southern Gaza city of han Yunis Well, Nathan. Back here. In the US, presidents of three prestigious universities, Harvard, MIT, and Penn were called to Capitol Hill to explain to lawmakers what they're doing about an outbreak of anti Semitism on their campuses. Bloomberg's Amy Morris has more from Washington. The university presidents told lawmakers they won't tolerate anti semitism on their campuses as they cope with protests over the Israel Humas war. During heated questioning, by New York Republican Elis Stephonic. Harvard University professor doctor Clauding Gay cited free expression and says the school consistently enforces its rules of conduct, even of views that are objectionable, offensive, hateful. It's when that speech crosses into conduct that violates our policies against bullying Haras. Does that speech not cost that barrier? Does that speech not call for the genocide of Jews and the elimination of Israel? We embrace a commitment to free expression. Alumni and donors, citing incidents of anti Semitism, psychologists just aren't doing enough to create a safe learning environment for Jewish students in Washington. Amy Morris, Bloomberg Radio, all right, Amy, thank you. In other news this morning, Vladimir Putin has arrived in the United Arab Emirates at the start of a trip that will also include a visit to Saudi Arabia. It is a rare overseas trip since the invasion of Ukraine. The Russian president is seeking to bolster partnerships with key oil producers. Bloomberg's Rosalind Mathieson says the visit reveals a lot about the way Putin sees his position. He's really not left Russia very much since he invaded Ukraine almost two years ago. He's been to China, he's been to some of the proof ree States, but he's not really ventured any further than that. So simply the fact that he now feels confident enough to travel to the UAE, to travel to Saudi Arabia, to meet with some very very high level officials in both countries shows perhaps a reflection of how he's feeling at the moment about his hold on power at home, about where he's born in Ukraine is at and really that he's not feeling isolated on the global stage. Bloomberg's Ros Matheson says Putin's previously limited trips mainly two close allies since he ordered troops into Ukraine. Well, let's turn to US politics now, Nathan And a revealing comment from President Biden. The president says he might have decided not to run for reelection if former President and Donald Trump were not in the race. At a fundraiser in Massachusetts, the President said, quote, we can't let him win for the sake of the country. He was asked about the comment afterward. I expect so, but look, it is running and I just have to rus not no, not now. The President's comments come as polls show many voters are concerned about his age and the prospects of a Biden Trump rematch. Well. Meanwhile, Karen, the President's re election campaign does expect to raise more than fifteen million dollars in events across the country over the next five days. Biden is back in Washington after those three fundraisers in Boston, there was one actually that included singer James Taylor. On Friday, the President plans to travel to Los Angeles for a fundraiser with film director Steven Spielberg and Rob Reiner. Oh, we turned to the markets now, Nathan, as we await the crucial Friday jobs are pored. Another labor data point is reinforcing optimism of rate cuts, and we get the latest from Bloomberg's John Tucker and Karen. It's just what the Fed wants to see. The jolts or job opening survey pulling back in October to the lowest level since early twenty twenty one. It underscores the gradual cooling in the labor market that policymakers want. The labor market seems to be softening through slowing demand for new workers, rather than employers cutting jobs. A separate report shows easing inflation in the service sector. The ten year US yields that briefly top five percent in October broke below four point two percent. They're lower still this morning. It all feeds into the Goldilock scenario. Still some investors are warey. We're calling the story of Goldilocks had a few bears in it. Friday, we do get the monthly jobs report, and next week is the Fed meeting. John Tucker, Bloomberg Radio Now lots to come John, Thank you. Also today, the CEOs of some of the biggest banks on Wall Street are in Washington to testify before Congress. More on that from Bloomberg Financial correspondent Chanelli Bossik, JP Morgan CEO Jamie Diamond, and Goldman Sachs CEO David Solomon are among big bank CEOs set to face the Senate Banking Committee today in Washington. The committee, led by Senator Shared Brown, has held the hearing with the big banks every year since Brown became chairman in twenty twenty one, saying that he's there to protect the main street economy and the bankers will face questions on everything from mortgage rates to savings rates after the Federal Reserve has raised interest rates so dramatically. In Washington, d C. I'MTIONALI Bassic Bloomberg Radio Shanelle, thank you. What we heard from another bank executive ahead of those hearings. The Bank of America CEO Brian moynihan is talking about the economy. His firm still expects us off landing rather than a recession. The reality is going to be a slowdown, but we have it as being positive. The way customers are spending their money is leveled out. In other words, there's not this good service, this massive change. So some things are growing faster, but it's leveled out, meaning that all the categories are kind of grow on plus or minds the average. And so that's all good news that the economy's normal life. Bank of America CEO Brian moynihan made the comments yesterday at Goldman Sachs US Financial Services. Come friends, time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Samy. Good morning, Good morning, Karen, and we're learning that Russian President Vladimir Putin has just arrived in Abu Dhabi, a rare foreign trip to bolster oil cooperation with Saudi Arabia and the United Arab Emirates. Back here at home, House Speaker Mike Johnson says House Republicans have come to an inflection point in their impeachment inquiry of President Biden. Bloomberg's nanacylliance brings us an update. Speaker Johnson says the House has no choice but to take an official vote on an impeachment inquiry next week. The White House has refused to acknowledge the legitimacy of the probe since no vote was taken, which is the usual course. They're refusing to turn over key witnesses to allow them to testify as they've been subpoena. They're refusing to turn over thousands of documents for the National Archives. The impeachment inquiries over President Biden's alleged involvement and his son Hunter's overseas business dealings. The investigation so far has produced no direct evidence. In the press has denied any wrongdoing. In Washington, Nancy lyons Bloomberg Radio Now Senate Majority Leader Chuck Schumer says Yesterday's classified Senate hearing that was supposed to be about Ukraine was quote hijacked by Republicans trying to force a conversation about the US border. Schumer offered Republicans a chance to offer an amendment to the package, but that would require sixty votes to pass any amendment they want. If they can get sixty votes, they can solve the border problem. It's plain and simple. Senator Schumer has set up a procedural vote on a supplemental spending bill that does not include border provisions that'll be set for later today. Meanwhile, Ukrainian President Vladimir Zelensky canceled his address to the US Senate yesterday as those negotiations bogged down. Former President Donald Trump is reportedly likely to attend his New York civil fraud trial tomorrow. His attendance would come just days before he's expected to take the stand again next week. Trump is set to be the defense's last witness in that case on Monday. He last has to fight on November sixth. New York Attorney General Letitia James accuses Trump and others of inflating the value of assets in order to obtain more favorable loans. Members of Hollywood's actors union have voted to ratify the deal with studios, ending their strike after nearly four months. The seventy eight percent approval from the members of the Screen Actors Guild American Federation of Television and Radio Artists was no certainty. Some prominent members had voiced assent on that deal. A rejection of the agreement would have meant a return to the bargaining table and the possibility of workers going back on strike. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thanks, So we do bring you news throughout the day right here on Bloomberg Radio. But as Amy said, you can now get the latest news on demand, and that means whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple Well, Spotify, and anywhere else you get your podcasts all time. Now for the Bloomberg Sports Update, by John Stashaur John Karen. Milwaukee and the Lakers will join Indiana and New Orleans for the semifinals the NBA's in season tournament tomorrow night in Las Vegas. The Bucks scored thirty four or more points in all four corners. They shot sixty percent from the field and made sixty percent of their three pointers. They beat the Knicks in Milwaukee one forty six to one twenty two Giannis Sunde. The couple scored thirty five points. Damian Lillard added twenty eight. Julius Randall scored forty one for the Knicks, who gave up the most points they've given up in a game since nineteen seventy nine. Closer game in La Lakers top Phoenix one oh six to one oh three. The Stars were out Lebron James thirty one points and Kevin Durant thirty one in the loss. He missed the three at the buzzer that would have tied the game, So it'll be the Pacers against the Bucks. The Lakers against the Pelicans championship game on Saturday. College trips to New York. Fifth rank Yukon beat ninth rank North Carolina eighty seven to seventy six, only the eighth trade ever between the Yankees and Red Sox. The Yanks get outfielder Alex Perdugo from Boston. The Red Sox get three pitchers, most of whom spent last season in the minor leagues. Yankees also looking to acquire Juan Soto at the winter meetings underway in Nashville. The bigger story, Who's gonna get shoe A? Otani? The favorite right now? The Dodgers. Their manager Dave Roberts, met with Otani for a couple of hours at Dodgers Stadium. Roberts said Otani is our top priority. John stash Award Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Siriusxam, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. On a busy morning overseas and in domestic Paul, including in Israel, where they are pressing on with the fight against Hamas in southern Gaza despite international pressure to end the war. Russian President Vladimir Putin is on a rare trip outside his country just landing in the United Arab Emirates today, and US President Joe Biden is raising new questions with his latest comments on why he's running for reelection. Lot's to get to this morning with Bloomberg new senior editor Bill Ferries, who joins me now. Bill, So, the fighting goes on in Gaza, and from the looks and sounds of it, it's about as intense as it's ever been. Absolutely, there's a lot of reports that the death toll and southern Gaza has picked up. Israel Is sending forces all around the second biggest city in Gaza there in the south in Prime Minister net and Yahoo today said we will fight until the end, calling for a quote crushing victory. At the same time, Israeli officials have said that they are willing to or another pause if or cease fire if that really allows more hostages to be released. But you know, from the beginning, I think since October seventh, when Hamas went into Israel, the Israeli government has said one of their ultimate goals here is to destroy the mass leadership, and I think they're going to proceed in that direction, whether or not they get more hostages out. Is there a risk that Israel could lose international support if the bombardments maintain this level of intensity. Yeah. Absolutely. I think you've already seen them on the defensive internationally, trying to really focus on their efforts to minimize civilian casualties. But you have people like even the United Nations agencies that are operating there saying at this point there's really no safe place for Palestinians in the Gaza Strip to evacuate too. You know that all places are effectively targets at this point. So I think there's certainly a public relations battle that goes along with the battle in Gaza, and I think that's one that Israel. The public relations battle is one that Israel is really struggling with. And while we watched the movement in the Gaza Strip, Bill, we are also monitoring movements by Russian President Vladimir Putin. We got the headline just moments ago that he has arrived in the United Arab Emirates. This is a pretty rare trip abroad for the Russian president. It is there's a lot going on here. I think. On the one hand, you know, you go to you go to the UAE, and you go to Saudi Arabia, where he's expected I think later in the day. You go there for one reason, and that's to talk about oil and energy. Russia has been supportive of the Opek plus arrangement to cut production further beginning in January. Russia and Saudi Arabia are really the backbone of that Opek plus agreement. Though Russia has not really been cutting back on production, it needs those oil sales to fund its war in Ukraine. But I think there's also just a very symbolic gesture and putin traveling, making this trip just sort of showing that he can travel. There's not many places where he can go at this point where he wouldn't be at risk of getting arrested for the for the Ukraine War. He's skipped a Brick summit in South Africa earlier this year because of concerns he might be detained. But he is, you know, he's able to travel relatively freely. There is a lot of Russian investment in this in the Gulf States, a lot of Russian companies that have fled Western sanctions relocated there, a lot of Russians relocated there, and so I think there's a whole bunch of issues on his agenda, from from oil to to investment. Uh, and then frankly, just the symbolic importance of being seen traveling abroad. President Biden is traveling as well, raising a lot of money for his re election campaign and making some pretty interesting comments on why he's running. He's saying that he might not even be running if not for former President Trump. It's kind of raising concerns, isn't it. Yeah, you have a lot of people who a lot of Democrats who would you know, who say they're really concerned about the president's age. They'd like to see a different candidate in the race. Frankly, you have a lot of Republicans who say that about Donald Trump at aged seventy seven as well. It says a lot about the race. I think Joe Biden in some ways is saying what perhaps Democratic strategists and leaders have been saying, which is, you know, he's he's the only guy who beat Trump in twenty twenty and and feels perhaps like he's the one to do it again. I think, you know, he seemed to walk back that comment a little bit when he returned to the White House last night, saying that if you know he would expect that maybe he would still be the candidate even if Trump wasn't running. But I think he said he said out loud, the quiet part that a lot of Democratic operatives have been saying for a while. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Israel Grinds War South as US Monitors Gaza Civilian Deaths 2) Dalio Says End of ‘Free Money’ Is Making Climate Fixes Difficult 3) Did Markets Go Too Far, Too Fast Is Debate to Dominate See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel’s military is expanding its operations across the Gaza Strip, with the expectation of a ground invasion of southern Gaza looming and warnings to many of the territory’s 2.2 million residents to evacuate again. 2) Spotify shares rise after the company said it will reduce headcount by about 17%. It's at least the third time this year the streaming service has cut jobs. 3) Bitcoin tops $41,000 as the largest digital asset extends a 2023 rebound on expectations of interest-rate cuts and the prospect of greater demand from the exchange-traded funds sector.     FULL TRANSCRIPT:     Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We bring you the latest developments out of the Middle East. A US Navy ship has responded to a flurry of drone and missile strikes against commercial ships in the Red Sea. At the same time, Israel's military is expanding its operations now across the Gaza Strip. We get the latest from Bloomberg News Israel Bureau chief Ethan Brauner in Tel Aviv. We're expecting a ground operation this week. I imagine in han yunis As, the main city in the south there, that they believe this is after all, where yaj Sinoar, the head of Hamas, where he's from, and they think that both he and Muhammad, they've the military chief of Hamas, are underground in tunnels there. So they have started asking people who have either or living there or who've moved there from the north to move yet again, causing a lot of displacement and concern and fear. And I think it is going to be a difficult week. Bloomberg's Ethan Broner says Israel has struck about two hundred targets, including weapons storage facilities and a school in northern Gaza, where it says Hamas was operating. Meanwhile, Nathan Defense Secretary Lloyd Austin is sending a warning to Israel about using too much for sun civilian populations in Gaza. We get that part of the story from Bloomberg's Ed Baxter. The caution comes as Israeli soldiers move with great force to the south. Secretary Austin is urging extreme caution. If you drive them into the arms of the enemy, you replace a technical victory with a strategic defeat. So I have repeatedly made clear to Israel's leaders that protecting Palestin and civilians in Gaza is both a moral responsibility and a strategic imperative. Austin has drawn criticism from Republican Senator Lindsey Graham, who calls him naive, saying strategic failure is letting Hamas stand. Ed Baxter Bloomberg Radio, Okay, and thank you. The administrations ramping up pressure on Congress over aid to Ukraine. White House Budget Director SHLANDA. Young says the US will run out of funds to assist Ukraine by the end of this year unless Congress acts Republican Senator James Lankford says he thinks the deal can get done by then with the funds tied to border security. We're going to do this all together. That's been the agreement that again from the White House originally and asked for all these things to be together. We have agreed to do all these things to be able together. We can get this done by the end of the year. Senator Lankford was on ABC's This Week, which you can hear every Sunday on Bloomberg Radio. The White House is seeking more than sixty one billion dollars in Ukraine eight as part of one hundred and five billion dollar emergency package that also includes funds for Israel, Pacific allies and border security. Well, we turned to Wall Street Now Nathan An optimism over FED rate cuts next year has several markets on the move. This morning we had the latest of the Bloomberg's John Tucker, John and Karen Traders are still digesting FED share Jerome Palell's comments on Friday. This is part of what he had to say. We are prepared to Titan policy further if it becomes appropriate to do so. Well. Powell also said monetary policies well into restrictive territory, and in the selective hearing of investors, that's the narrative. Wall Street latched onto the S and B five hundred continued It's March higher. Friday, treasure yields tumbled, and as we start the new trading week, gold earlier shot past a previous all time high, Bitcoin back above the forty one thousand level to the Hygha sins April of twenty twenty two. The everything rally will need some data to back it up. The latest reading on job openings or jolts. That's due tomorrow, and the jobs report is out on Friday. I'm John Tucker, Bloomberg Radio. All right, John, Thanks. You've also got deals to start the week, including one in the air. Alaska air Group has agreed to buy rival Hawaiian Airlines. More on that from Bloomberg's Doug Grisner. Alaska will pay roughly a billion dollars for shares in Hawaiian holdings and take on about nine hundred million dollars in Hawaiian debt. Hawaiian has been hurt by the slow return of tours in between Asia and Hawaii after the pandemic. The carrier has also struggled as Southwest Airlines ramped up in the Hawaii to US market. Alaska Air's proposal may be tested. The Biden administration stance on mergers has already thwarted one airline deal, Jet Blue Airways cash takeover of Spirit Airlines. That lawsuit is nearing a close in New York. I'm Doug Prisner, Bloomberg Radio. Okay, Doug, thanks, and shares of Alaska air Group are down more than nine percent in early trading, and we have a deal this morning. In the drug industry, Nathan Roach Holding has agreed to pay as much as three point one billion dollars for Karmath Therapeutics. The company is developing a new type of weight loss treatment that sparked a pharma industry gold rush. Karmot's drugs are still in early stages of development, but the deal could lead to a competitor to the likes of a Govi and Eli. Llloy's zepp Bound analysts estimate the weight loss market could reach one hundred billion dollars by the end of the decade. Shares of Roach You're up more than two percent overseas, and shares of Spotify are up more than two percent as well. In Earth Trading, Karen that company is cutting headcount by about seventeen percent. The job cuts will effect about fifteen hundred people. It is at least the third time this year Spotify has reduced headcount. Spotify is on pace to add more than one hundred million users this year, It's biggest year yet. The company also reported a rare profit last quarter. Now, Nathan, let's get an update from the COMP twenty eight climate summit in Dubai. Bill Gates was once the world's richest man, and now he's devoted a large chunk of his fortune to fighting climate change. We asked the Microsoft co founder if he thinks the world can meet the global warming targets from the twenty fifteen Paris Agreement. No, we won't hit hit the aspirational targets. Well, you can do the math on one point five and even two point zero. Isn't that likely? And still Bill Gay says he's still optimistic the world can avoid becoming three degrees celsius warmer than the pre industrial era. And you can hear more of our conversation with Bill Gates coming up shortly on the program Time Now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Moore is seeing good morning, Good morning, Kiera. The US Supreme Court will your arguments today in the bankruptcy deal for oxyconton maker Purdue Pharma. ABC News spoke to attorney at Niger, an attorney for some of the plaintiffs who helped negotiate that settlement. In a way, this case is about deterrens. It's about holding corporate leaders and owners accountable for their business decisions. The six billion dollar deal gives Purdue Pharma's owners the Sackler Family immunity, protecting them from lawsuits. A leading national health expert says the US should experience a more typical flu and virus season this winter. We're probably looking at a more typical winter pathogen season what we've seen in past years. Speaking on CBS's Face the Nation, former FDA Commissioners doctor Scott Gottlieb says the level of RSV and flu cases is abating, but he is still encouraging everyone to get vaccinated. The Centers for Disease Control and Prevention says about a third of Americans or not getting enough sleep nurse Susan Harris, a sleep expert, says sleep controls everything in our lives, and without it, we struggle. It's essentially another pandemic that we are experiencing. She says sleep is the most underestimated and underutilized health aight in modern society. US Air Forces divers have discovered wreckage and remains of crew members from a US Air Force Osprey aircraft that crashed last week off southwestern Japan. Sources say five bodies in the bulk of the wreckage were located underwater. The Osprey plunged into the sea off the island of Yakashima on Wednesday. Eight people were on board. The latest class of Kennedy Center Honorees were inducted last night, including comedian Billy Crystal, soprano Renee Fleming, singer, songwriter, producer and member of the Begs Berry Gibb rapper, singer and actress Queen Latifah, and singer Dion Warwick. President Biden says the performing arts reflect who we are as Americans and as human beings. That's especially true for more than two hundred Kennedy Center honorees over the past forty six years have helped shape how we see ourselves, how we see each other, and how we see our world. The gala event took place last night, hosted by previous honor Ey Gloria Stefan. The show will air on Wednesday, December twenty seventh on CBS Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thank you what we do bring you news throughout the day. As Amy said right here on Bloomberg Radio, but also, as she said, you can get the latest news on demand whenever you want it. So the question is how do you do it? While you subscribe to Bloomberg News Now, and then you can get the latest headlines right at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify, and pretty much anywhere else you get your podcasts. So it's time now for the Bloomberg Sports Update. For that, we bring in John stash out gun Karen. Before the NFL kicked off controversy in college football the last year that the playoff is only four teams. Next year it's going to twelve, so the last time this is likely to happen, a team goes undefeated in a Power five conference and doesn't get invited. It happened to Florida State, who went thirteen to zero in the ACC also beat two SEC teams LSU and Florida. A week ago, the Seminoles were ranked in the top four. Alabama was only eighth, but the Crimson Tide had the upset of Georgia in the SEC championship game, and Bama is off to the Rose Bowl to play Michigan on New Year's Day. That's the first semi final. Washington will play Texas and the Sugar Bowl in the other two teams who've never been in the playoff before. It came down to Bama and Florida State, and the committee went with the Crimson Tide and the Seminoles will settle for the Orange Ball, which is not a playoff bowl. The big NFL game was in Philadelphia, a rematch of last year's NFC Championship. This time the forty nine ers wanted easily forty two to nineteen. They scored two touchdowns at each of the last three quarters. Deebo Samuel into the end zone three times. Brock forty through fourteen he passes. The Niners are nine and three, the Eagles are ten and two. The Patriots are two and ten. Shut out at home for the second time this year. They went to Bailey Zappi as their quarterback. That didn't work. Pat's loss of the Chargers six to nothing. Fourth strad loss for the Commander is beaten at home by Miami forty five to fifteen. The Bruin beat Columbus three to one. Scottie Scheffler won the World Hero Golf in the Bahamas at twenty under park John Stashaewa. Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Let's get to the latest from the Middle East. Now, where Israel is mourning residents of southern Gaza to evacuate. A new ground invasion of that part of the Palestinian held enclave is expected and soon at the same time, the US Navy is responding to drone and missile attacks against commercial ships operating in the Red Sea. For the very latest, we are joined now by Bloomberg's Oliver Crook, who has been following this war since the October seventh Hamas attack in southern Israel. Ali, good morning. What is the latest that we're hearing from the Gaza strip and beyond. That's right, Nathan, so we have you know, after this truce expired on Friday, you had seven day pause in the fighting. It has really taken a hold once again, and not in any sort of less significant phase. And now we have a new phase, as it's being described by the Israelis, which is really a focus on the southern part of Gaza. We remember that the first part of the operation was that ground defensive after pummeling of the northern part of Gaza. That appears to now be expanding to the south and that is seemingly going to focus around the city of Communists, where the Israelis say that the Hamas leadership has entrenched themselves. They're inside the tunnels, is what they're saying. They're asking people to evacuate to go to. Now what they've set up our safe zones, no target zones, they say, and again they have said that they are doing this with a caution to civilian life and that they have learned some lessons from the North on effectiveness and this sort of thing. But we also need to think about how densely populated now. Of course, the south of Gaza is after all of the evacuations in the north, and that was the whole effort for the last eight weeks, was getting people out of the north into the south, and now the operation will move down that way. And now the question is with this idea that Israel has set up some kind of safe zones and the word we got yesterday from a White House National Security spokesman John Kirby that the Israel has even posted maps online where people can go. Are those locations as safe as Israel is indicating? I mean, that's the big question right now. This is yeah, this is a permanent question throughout this What I think has changed now when we enter into this new phase of the war and yet another phase is the international scrutiny is even more intense. Perhaps it is not as headline grabbing the war as it was in the very beginning, but there's certainly a lot of pressure on Israel now, and particularly from its historic allies. We've heard comments over the weekend from Emmanuel Macon, who has taken a sort of slightly more measured approach on the Israel issue, saying that basically aiming the aim of eliminating Hamas will require a decade of war, and so that Israel's objectives need to be clarified. But we heard it from Kamala Harris. We're saying that too many Palestinians have died Blinken in his third trip to Israel. You know, the tone has shifted and shifted and shifted, saying that really, again, there needs to be fewer people dying as this operation goes on. So you are seeing a shift in that. So perhaps that pressure will have to make that a top priority for the Israelis now. I guess, I would imagine it would be a little too soon to say whether that shift in rhetoric is actually leading to a shift in tactics when it comes to how Israel carries out this war in the days and weeks to come, and tries more, I guess, plainly to show the international community that it is doing what it can to limit civilian casualties. Yeah, yeah, I mean I think you certainly will get that. You got it from just now from the IDEFA spokesman's coming out and again emphasizing the civilian side of it. But again we heard from the chief of staff from the Israeli Defense Forces over the weekend and we were asked. They were being asked basically, what does this thing in the south look like? What does this operation look like? And they would say it will be as thorough in the south at as it has been in the north. And again everyone is going to be paying attention to the casualty numbers, the figure of dead. We understand that that figure is now at fifteen thousand, five hundred people that have been killed in Gaza since the beginning of this war. Eighty percent of the two point two million people have been displaced. I mean, these are just huge figures. The Israeli say that five thousand are Hamas fighters that are now dead. And again, now the operation is going through the tunnels and dealing with all of these things. But again we are on day fifty nine of this day sixty is coming up tomorrow, and there's not really an end in sight, and in the meantime, we mentioned that the US has been responding to attempted attacks and in some cases I guess successful attacks as well. On commercial shipping in the Red Sea, I mean, there are two potential questions there. What is the risk that this escalates into a wider war and what's the risk to shipping to supply lines globally. It's something that really the market is also very intensely, you know, focused on with all of these sort of spillover effects. And as we know, the United States has been intercepting missiles over the Red Sea over the last few weeks, coming from Yemen all the way up the Red Seas is a huge distance across, and is it a top priority to mitigate all that the Saudis that are on the border with Yemen, you know, some we understand that they've been firing into their airspace and all of these are sort of the potential conflict points. However, again we see all of the same risks we've seen for the last few weeks and months, which is Hezbollah in the north of Israel. Again, there's still some attacks there, but nothing that really stands out as a dramatic escalation. But these are all the things that the market certainly will be playing close attention to. In the United States has its significant naval fleet out there to deter exactly this kind of behavior. Absolutely, And as you mentioned, this week will mark two months since the October verse seventh attack. This Thursday will be that two month mark. Raises the question about how much longer this conflict can go on and whether Israel needs to spell out more clearly what its objectives are, what dismantling and destroying Hamas will mean. This is exactly the point, what does that mean. We know that the aim is to dismantle Hamas. The question is again with an insidiousness of an ideology which is not just composed of a very sort of neat selection of human beings that once they're gone, it's gone. This is the problem and this is the problem that the Israelis have and this is where again the support of the international community will be tested as this war continues to rumble on. And the other issue you have is obviously you have the situation in Gaza, but when you look at the West Bank, they after the cease fire, where you had the hostages released and you have a many Palestinian prisoners released. You saw a lot of Hamas flags running in the West Bank because they're seeing this. Hamas to a degree is standing up for the Palestinian cause. It is bringing results, it is bringing people back home. And again this only complicates this matter, which again it's very hard to be very optimistic about this, but there needs to be some kind of political or diplomatic breakthrough for there to be a durable solution to this conflict that has plagued the reason for many, many, many decades. All right, Bloomberg's Oliver Crook joining us this morning, who's been part of our team covering this conflict between Israel and Hamas since the October seventh attack. And Oliver with us this morning. Thanks again for being with us. And now we want to bring you our conversation with Bill Gates, the co founder of Microsoft, who is one of the many dignitaries at the COP twenty eight climate summit in Dubai. Gates says the world probably will not meet the goal from the twenty fifteen Paris Agreement of limiting the rising global temperatures to one and a half degrees celsius, but that doesn't mean he isn't optimistic about the fight against climate change. Bill Gates praised the COP Summit for making progress on tackling global warming despite geopolitical tensions. Gates spoke with Bloomberg's Farancy Laquai from Dubai discussing COP twenty eight, the warming Planet, and how he measures success against climate change. Let's go to part of that discussion. Climate change. Overall, it's a challenge to the world. Hydrocarbons have been very cheap. Our economy is built around in coal, gas oil, and so we have to make this change. The progression of inventing new approaches, green approaches, and then implementing them and over time scaling them and getting them so cheap what I call zero green premium. You first have to have risk capital. Then you have to have bigger amounts capital, eventually, as they say, trillions of dollars to get every country to replace it's steel plants at cement plants and so depending on the emissions area. Some of these things like steel and cement were at the very early stage. Some like electric cars, at least at the high end the green premium you could says zero, not for for low cost cars where you park on the street. But you so all these things and the faster we go, the less temperature increase. We'll see. But do you think we're going fast enough to actually hit the targets that were set out in the Paris Agreement? No, we won't hit hit no to aspirational targets. Well, you can do the math on one point five and even two point zero. Isn't that likely? Now? Fortunately, if you stay below three, a lot of the ill effects that people have heard about don't happen unless you really are irresponsible and let it get up to the higher range. Where do you see the role of fossil fuels going forward, Well, we have to outcompete fossil fuels. Now. To do that properly, they you know, they shouldn't get subsidies, and in fact a carbon tax over time should be put on so that the new you know, say the electric car or the plane that use hydrogen, the fact it doesn't emit carbon, you're helping it get adoption. Those companies have skills, you know, if you want to sequester carbon or you know nuclear wayt or there's a lot of skills if you want to make biofuels. You know, some of those companies will take the capital and skills they have you know, so I wouldn't you know, say okay, I wish they weren't there. You know, people still, you know, there's no country that can say, okay, we have zero emissions. Uh. You know, people want to drive to work. You know. In fact, the excess supply when Russia cut off its supply in the world was sort of glad that was available. And so yes, oil and gas needs to be out competed, and those companies need to join the effort. I know you look at a lot of technologies and a lot of innovation, but is there one thing that you've been most excited about. If we can get either nuclear fission or fusion to be safe and broadly accepted and very economic because it's not whether dependent, it would be very complementary to the large amount of solar and wind that we're putting into our electric system. And so I'm biased. I'm a huge investor in both fission and fusion and hoping that it comes in time. This is Bloomberg Daybreak Today. Hey, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Reports of crimes targeting Jews, Muslims and Arabs have risen around the world in since the Oct. 7 Hamas attack on Israel, and the Israeli military’s retaliatory operation in Gaza. While previous conflicts in the Middle East also sparked a backlash outside the region, this time it is more intense and the wave of hate may be far from cresting, according to advocacy groups, former law enforcement officials and analysts. In this Bloomberg Radio special report, Stephen Carroll examines how these communities are confronting a global surge in hate speech and hate crimes.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) In the US, Economists expect the November unemployment print, due out Dec. 8, to increase to 4% as unemployed workers take longer to find new jobs. 2)  In the UK, we'll get fresh data on the number of new car registrations in the coming days.  The sector has shown some signs of recovery recently, but manufacturers are still battling against a challenging post Brexit environment including painful tariffs on electric vehicles.  3) In Asia, The EU has said it does not want to decouple from China but rather, to de-risk parts of the relationship. So with a summit coming up between the two blocs, how might China and the EU navigate their dialogue on improving their trade relationship?  4) In Washington, CEOs of the biggest banks on Wall Street, including JPMorgan, Citigroup, Goldman Sachs, Morgan Stanley and Bank of America, expected to testify on regulatory oversight to the Senate banking committee.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel resumed combat against Hamas in the Gaza Strip after a week-long truce between the two sides ended on Friday morning. 2) European stocks advanced and the dollar fell before comments from Federal Reserve Chair Jerome Powell that may offer clues about the path of interest rates. 3) After two years of delays and production snags, Tesla has finally handed the first Blade Runner-esque Cybertrucks over to customers. 4) Governors Ron DeSantis of Florida and Gavin Newsom of California sparred over taxes, border security and energy, in a debate that unfolded as a sideshow to the 2024 presidential race — and perhaps a glimpse of the next one.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Israel has resumed airstrikes in Gaza, minutes after the expiration of a week long truce with Hamas we get the latest from Bloomberg's Anthony Squasien in Tel Aviv. Truce wasn't extended at seven am local time. It was some rocket warnings miss I was being fired and to Israel just before that ended, and Israel responded immediately, and it looked like we're back to fully fledged conflict right now. Reports of air strikes in Gaza made different parts of Gaza, and it does seem that the relative calm of the last seven days is well and truly over. Bloomberg's Anthony Squasiin in Tel Aviv, says Prime Minister Benjamin Netan. Yahoo and other Israeli politicians had consistently said the war would resume at some stage and the truce would not become permanent. Well, Nathan. Secretary of State Anthony Blinkin was in Tel Aviv when the fighting restarted yesterday. He said that Israel must defend itself within the confines of international law. Way israel defense itself matters. It's imperative that is relacted in accordance with internationally mediterran law and the laws of war, even when confronting a terrorist group that respects neither. And Secretary Anthony Blincoln was speaking before the latest escalation. Hamas and other Islamist groups are still thought to be holding around one hundred and thirty people captive in Gaza. Turning back to politics in the US, Karen, there's been a debate between a Republican who's running for president and a Democrat who says he's not. Florida Governor Ron de Santis squared off last night with California Governor Gavin Newsom. This is a slick, slippery politician whose state is failing. People are leaving a state. Governor DeSantis went after Newsom and California over immigration, high taxes, and crime. Governor Newsom touted the White House's message of Bidenomics three point nine percent unemployment, the lowest black unemployment in American history, the lowest unemployment for Hispanics in American history, the lower most unemployment for women in seventy years, at lowest black poverty rates in history, and the Fox News debate comes as DeSantis struggles to gain ground on Republican front runner Donald Trump in twenty twenty four. It also allowed Newsome to air his presidential ambitions for twenty twenty eight. Well, Nathan, Let's turn to the markets now. Stocks begin December after notatching one of the biggest November rallies on record, and we get more from Bloomberg Stirlei Pellett. After the months three trillion dollar serge, the S and P five hundred is now just five percent away from its all time high. The gauge climbed over eight percent in November, a feat achieved fewer than ten times for that month since nineteen twenty eight, according to data compiled by Bloomberg. It was also the gauge's best month since July of twenty twenty two in New York, Charlie Pellett, Bloomberg Radio and Charlie. Was also a profitable month for bond investors. In fact, treasuries had their best month since the nineteen eighties, and we get more on that from Bloomberg's John Tucker. The boon to bonds comes from signs the economy and inflation are slowing and the Fed is done hiking interest rates well. Traders are even betting on the first FED rate cut in May. Bloomberg Economics sees the FED cutting rates one hundred and twenty five basis points next year. The Bloomberg US Aggregate Index returned four and a half percent of November. That price up and yield down has spurred an everything rally, from stocks to cryptocurrencies. Does it continue? Listen closely today as FED Chair Jerome Powell speaks at Spelman College in Atlanta, and if he sounds even a little hawkish, November's rally may turn into the winter of our discontent. I'm John Tucker, Bloomberg Radio. All right, John, thank you. By the Federal Reserve's top bank, a watchdog wants lenders to be more comfortable turning to the Central banks discount window. Michael Barr, the FEDS Vice Chair for Supervision, towed to the backstop as an important tool for financial stability and monetary policy. The discount window provides ready access to funding that can help banks manage their liquidity risks. The ability to access funding at a predictable rate throughout through the discount window should figure importantly into banks liquidity risk management plans under a range of scenarios and the fence. Michael Barr added that it was important that lenders have a range of options for accessing liquidity struck some corporate news now Karen. After two years of delays and production snags, Tesla has finally handed the first cyber trucks over two customers. Tesla's CEO, Elon Musk, says it has an extra safety feature. Why do you make it bulletroof? I'm like, why not? Do you want to How tough is your truck bulletproof? He says. Elon Musk says the cheapest version of cyber Truck will cost just under sixty one thousand dollars. That's more than fifty percent over the price Musk floated when he announced the vehicle in twenty nineteen. Well Nathan Disney has restored its dividend. The entertainment giant declared a dividend of thirty censorsh for the second half of its fiscal year. Disney had pledged to restore the payout, which was halted during the pandemic. Disney has been under pressure to improve its performance and restore its dividend by activist investor Nelson Peltz, who is seeking board seats at the company. Well, speaking of under pressure, Karen, take a look at Dell shares. They are down nearly six percent in early trading. A company reported revenue that declined more than expected, and it continues to see sluggish corporate demand for personal computers. And it's time now for a look at some of the other stories making news around the world. For now, we're joined by Bloomberg's Amy Moore is Amy. Good morning, Good morning, Karen. The twenty twenty three United Nations Climate Change Conference, or COP twenty eight, launched yesterday. Now before the summit began, United Nations Secretary General Antonio Guterrez warned fossil fuel companies quote their old road is rapidly aging. It's time to end our addiction to fossil fools that is validating climate change. It's time to bet on guaranteeing through strong political will, that temperatures will authorise more than one point five degrees. At the end of the center, the United Arab Emirates, which is hosting the summit, announced a commitment of thirty billion dollars to help finance climate solutions. Tens of thousands of delegates are expected to make this the biggest summit ever. It is looking likely that Congress will take the unusual step to expel one of their own. Bloomberg's Nancy Lyons reports George Santos, on the brink of being kicked out of Congress, took his fight to the House floor. I have been convicted of no crimes, mister speaker, but following an investigation by the House Ethics Committee, members said they did find some troubling behavior. Committee chair Congressman Michael Guest offered highlights of the report. It says it Representative Santos sought to fraudulently exploit every aspect of his House candidacy for his own personal profit. After the ex fulshion vote, Santos still faces a twenty three count federal indictment that alleges he stole from donors and used campaign money for personal expenses in Washington, Nancy Lyons Bloomberg Radio. The CDC is monitoring a pneumonia outbreak among children in the Cincinnati area. Warren County, Ohio has reported one hundred and forty two infections since August. The outbreak comes amid China's surgeon hospitalizations, which CDC director doctor Mandy Cohen told Congress yesterday, is not being caused by a new virus. Do not believe this is a new or novel pathogen that we believe this is all existing, meaning COVID flu RSV. Cohen told Congress. The winter cold and flu season offers the CDC a chance to regain the public's trust, and former White House Chief Medical Advisor doctor Anthony Fauci is set to testify before Congress early next year on the origins of COVID and the pandemic response by the US. This would be the first time Fauci has testified since he retired. Global News twenty four hours of and Whenever You want it with Bloomberg News Now, I'm Amy Morrison. This is Bloomberg Karen all right, Amy, thank you. What we do bring you news throughout the day right here on Bloomberg Radio. As Amy said, but now also as she said, you can get the latest news on demand whenever you want it. So how do you do it? You subscribe to Bloomberg News Now to get the latest headlines at the click of a button. You can get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John darn Week thirteen underway Thursday night football in Dallas with the Cowboys. We're going for a fourteenth consecutive home victory. They trailed Seattle throughout the second half until at dak Prescott touchdown passed with four thirty seven laft. Cowboys won forty one to thirty five. Prescott having an MVP type season, he threw British GIAT three hundred yard three touchdowns Gino Smith the Seahawks qv also threw for three touchdowns, all of them went to DK Metcalf, but the Seahawks have now lost three in a row. They dropped to six and six. Buffalo Bills pass rusher Von Miller was facing in arrest. The rest warrant was issued last night in Dallas. He turned himself in. He's in Dallas because the Bills have a bye week. He was arrested on domestic violence charge in a case involving his girlfriend. The NFL on the pass has flex games moved them from the Sunday afternoon to Sunday nights. Never before had they flexed the game into a Monday night. They've done that for a week fifteen. Philadelphia and Seattle were supposed to play Sunday, It'll now be on a Monday, and Kansas City, New England moved from a Monday back to a Sunday. Shows you how bad the Patriots are for the NFL. The new Patrick Mahomes off of Prime time NBA. The Warriors with the Clippers won twenty to one fourteen. Steph Curry scored twenty six, had seven rebounds, eight assists. Hockey. The Bruins had lost three straight. They came home shut out the Sharks three to nothing. Washington won it Anaheim five to four, a win for LSU that have any national Champson women's basketball Angel hes Back in the lineup scored nineteen. She had been out the last board games. John Stshawer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. The truce is over in Gaza. The seven day ceasefire between Israel and Hamas has ended. Israel is resuming combat operations after Israel said Hamas violated its agreement that has released dozens of hostages over the last seven days in exchange for Palestinian prisoners. For the latest we were joined by Rosalind Mathison, Bloomberg News Director for Europe, Middle East and Africa. Roz, thanks for being with us once again. What set off this resumption of combat, Well, basically, the truce was due to lapside of the way in the early hour this morning. What we had seen previously was that the SEASPI was rolled over for two further days, and there had been talks to try and get it rolled over again. Those clearly weren't successful, and so that the SEASPI lapsed early this morning. And what we have is Hamas and Israel both accusing the other of violating the terms of the Sea SPI, not meeting the agreements about the release of Israeli hostages yesterday, the number of those hostages, Harmas accusing Israel in turn. And now we've seen a resumption of the fighting. As you say, we saw airstrikes into Gaza this morning. We know the fighting's going on there again. Hermas says there have been casualties and wounded at hospitals already, and Israel is making clear that their goal in the end still is to eradicate Hamas, and as part of that they now see the military campaign likely moving further south in the Gaza strip. It's been quite concentrated in the north. But the messaging today, the warning to people in Gaza today is be prepared because the military is going to now push further sout. And the messaging from the US with that expectation that the war would be heading to the south, was that Israel needs to limit civilian casualties. Talk about US diplomacy, the role that's playing there, and whether that could have any impact on what we see on the ground, well, that's right. In fact, the US Secretary of State Anthony Blincoln was still on the ground in Israel when the fighting did resume. He took off shortly afterward for Dubai to attend the COP twenty eighth summit, but in his meetings in Israel, he said he made very clear to officials there that the US is concerned about the humanitarian situation inside Gaza that they're urging Israel to do everything they can to limit the impact on civilians from this war and to also uphold international humanitarian law. And that was the public messaging, so privately you can imagine it was possibly a bit stronger. I mean, you can see the rhetoric shift really from the US since the start of this in October seven, which was the Hamas attack on Israel. The US does remain strongly supportive of Israel in this, but has become more vocal in their concerns about the impact on gas. And certainly that was a message that Blinkl was delivering on the ground. And even as the fighting continues, we're hearing from Kater, which has been leading negotiations on extending the ceasefire, that there are still talks underway to bring in further pauses. Can you give us further clarity on that? Well, that's right. In fact, even when the fighting was going on before the truce, we knew those lines of communication were working quite furiously. Katar, alongside Egypt and US officials acting as go betweens between Hamas and also Israel, and a role potentially for Iran in all of that. The idea was to get towards that initial truce that we saw that lasted for seven days in the end, and Kata has been out this morning very quickie to say despite the resumption of the fighting, those talks are still going on. It is hopeful that there can be a way back to at least other temporary truce. That's because there are still Israeli hostages inside Gaza that we know, and aid agencies that hope to get more humanitarian aid into Gaza during that window which has now shut at least for now, And so Kata is saying, we're still talking about there. We're hope you can get to a point to at least have a temporary truce. But the reality in the end also Israel has made very very clear that they intend to keep fighting. Their overarching goal is to eradicate Hamas, and right now they don't see that goal as having been met, only have a minute left ros. But before the fighting began, the New York Times reported that Israel got a hold of Hamas's battle plan for October seventh, more than a year ago. Tell us more about that, well, that's right. In fact, this was also reported by an Israeli media outlet Khan Media a couple of days ago, saying that Israel did get blueprints of this plan by Hamas a year ago, but dismissed it as too difficult for Hamas to carry out, implausible, and so didn't really follow up on it. And that echoes some of what we've seen from the reporting we've done ourselves, which is really this presumption on the part of the Israeli security forces the intelligence services, that Hamas wasn't able to do something of this nature, that yes, you'd see six skirmishes go on from time to time from Gaza into Israel, but that a full throated attack was impossible, and that's why in the end they kind of missed the signals leading up to the October seven attack. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York Bloomberg ninety nine to one in Washington. Bloomberg one six to one in Boston and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Henry Kissinger, the child refugee who rose to become US secretary of state and defined American foreign policy during the 1970s with his strategies to end the Vietnam War and contain communist countries, has died. He was 100. 2) Israel and Hamas agreed to lengthen their truce for at least another day, allowing for the release of more hostages held by the militant group in Gaza. 3) Elon Musk, the billionaire owner of X, says the advertisers that have stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the passing of a man who defined foreign policy in the nineteen seventies and worked to shape it for decades. After Henry Kissinger has died, Bloomberg political contributor Rick Davis says Kissinger's influence was unmatched. It's quite a career that lasted my entire life. I would say that we've not seen much of the likes of him, somebody who has never been elected to office, but wielded as much power as any powerful president or prime minister in the world. Kissinger was credited with opening the door to China and achieving detente with the Soviet Union, but he courted controversy for supporting massive bombing campaigns in Vietnam and Cambodia. Bloomberg's Ian Marlow says Kissinger leaves a complicated legacy around the world, in Asia in the Middle East. Could be a polarizing figure, but I think that was in part because he embodied that sort of American power. He was one of the people at the center of American power, and over a long period of time when the US role in the world was also changing, and it is to some extent and end of an era, and that era continued right to the end. This past July. In fact, Henry Kissinger met with Chinese President Shi Jinping in Beijing to discuss US China relations. Henry Kissinger died yesterday at his home in Connecticut. He was one hundred years old, and Nathan we turn out to breaking developments in the Middle East, Israel and Hamas have agreed to extend their truce for at least another day. The two sides announced the extension just minutes before their ceasefire was due to end. Head of the announcement, Secretary of State Anthony BLNCN explained what he hopes to achieve during his visit to the region. We'll discuss with Israel how it can achieve its objective of ensuring that the terrorist attacks of October seventh never happen again, while sustaining an increasing amount of train assistance and minimizing further suffering and casualties among Palestine civilians and Secretary of State Blincoln is currently in Tel Aviv for his third visit since the attacks. He will also visit the West Bank, the visit comes as more captives were exchange yesterday evening, with ten hostages released by Hamas in exchange for thirty Palestinians held by Israel. And back here in the US, Karen House Speaker Mike Johnson says he has real reservations about expelling Congressman George Santos. We get that story from Bloomberg's At Baxter, the resolution says the vote needs to happen today, but Speaker Johnson says, for him, there are some real problems here. I personally have real reservations about doing this. I'm concerned about a president than may be set for that. So where everybody's working through that and we'll see how they vote. Sados will be the first expulsion without a conviction on charges. Johnson at one point yesterday said the vote would come Friday, but the resolution does say today, so we'll see how it works out. At Baxter Bloomberg Radio, All right, ed, Thanks well. Elon Musk is talking about the future of ex following and advertising boy and we get the latest from Bloomberg's John Tucker. John what the boycott is going to do mus says is kill the company, and who does he blame? Well, not himself, but the advertisers he herald in an expletive their way, saying they can go bleep themselves. Those advertisers include Walt Disney and Apple. Earlier this month, Musk agreed with a post that said Jewish people hold a dialectical hatred of white people. Well, that message has since drawn widespread criticism. On stage at the New York Times Deal Book conference, must did say the post was the worst and dumbest he's ever done. Mustourage people to judge him by his actions rather than his words. He brought up his electric car company, Tesla, saying he's done more for the environment than any human. I'm John Tucker, Bloomberg Radio. All right, John, thank you. Now, let's take a look at some stocks on the move this morning. Shares of Salesforce are up nearly nine percent. The San Francisco based software company gave a profit forecast for the current quarter. The top D analyst estamates Salesforce is benefiting from its cost cutting program. Meanwhile, Nathan Snowflake is up about eight and a half percent. The company gave a product sales outlook for the current quarter that beat expectations. That's fueling hope that revenue is stabilized after the software and maker experienced a dramatic slowdown in growth during the past year. Turning to the economy, differing views on inflation from two Federal Reserve Regional Bank presidents. Atlanta FED president Rafael Bostik says he's growing increasingly confident that inflation is firmly on a downward path. On the other hand, Richmond FED chief Thomas Barkins tell CNBC he's not yet convinced. There's no precision that anyone can point to at exactly what is the level of rates that exactly handles inflation and exactly the way you want to handle it, and so you're constantly trying to adjust on the flot. Both Thomas Barkin and Rafael Bostik will be voting members of the FOMC next year. Well. In corporate news, Nathan Online, a job search company, Indeed is canceling the monthly mental health days it introduced during the pandemic. Can we get this story from Bloomberg's Ellie Pellett. It joins a growing group of firms pairing back benefits they rushed to provide during the COVID nineteen crisis. Indeed initiated so called you Days in June of twenty twenty, giving all employees the same day off each month out of time when exhausted staff were taking fewer vacation days because of travel restrictions. Three years later, employees are once again booking time off at a similar rate to before the pandemic, so the company said quote. As a result, we have agreed that the global need for you days has passed. In New York, Charlie Pellett, Bloomberg Radio and Charlie, we just got inflation data from the Eurozone. It cooled more than expected. Consumer prices rose two point four percent from a year ago in November. That was down from two point nine percent the previous month and less than all estimates of economists surveyed by Bloomberg. Sorry, Nathan, Thanks, It's time now for a look at some of the other stories making news around the world. For that, we're joal by Bloomberg's Amy Morris Say good morning, Good morning, Karen Ultra. Conservatives in the House of Representatives have now softened their demands for deep spending cuts to domestic programs, heightening the odds that two parties can reach a spending agreement and avert of partial government shutdown in January. The shift came after the House failed to pass bills at the lower spending levels demanded by the House random Caucus. They've been pushing for one hundred twenty billion dollars in cuts. This softer stance gives House Speaker Johnson Moore a room to negotiate a bipartisan spending bill, as senators from both parties want to add fourteen billion dollars in spending by designating it an emergency not subject to that cap. As lawmakers consider an aid package to Israel, Senate majority leader Chuck Schumer is issuing a warning. Bloomberg's at Nancy Lyons has that part of the story. Senator Schumer, who is the highest ranking Jewish elected official in the country, spent forty five minutes on the Senate floor to crying the rise in anti Semitism at a level not seen in decades. The normalization and excusation of this rise and hate is the danger many Jewish people fear most. The Anti Defamation League says anti Semitic incidents of nearly quadrupled since the onset of the Israel Hamas War. Schumer says It's time for a clear throated denouncement of the hate in Washington, Nancy lyons Bloomberg Radio and that new poll shows the number of college students experiencing or witnessing anti semitism is also up this academic year. That poll by the Jewish led Anti Defamation League and Hillel International found that nearly three in four Jewish students and forty four percent of non Jewish students saw or experienced anti Jewish ideas since the start of the twenty three to twenty four school year. A very special holiday display. Now at sixteen hundred Pennsylvania Avenue, the White House South Lawn has an ice skating rink to celebrate the holidays. First Lady Jill Biden unveiled the rink with skating performances from figure skaters and Peanuts characters. What's more magical and wonderful and joyful then, you know, being on an ice rink in the South one of the White House. Who knew right A, Military, families, first responders, and other special invited guests can enjoy the White House skating rink in December. It will not be open to the public. Global News twenty four hours a day, and whenever you want it with Bloomberg News Now. I'm Amy Morrison. This is Bloomberg Karen right, Amy, Thank you well. We bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Daron upset in college basketball. They stormed the court in Fayetteville after Arkansas and opt off seventh rank Duke eighty to seventy five North Carolina ranked seventeen, put up sixty one points in the first half in Chapel Hill and beat tenth thrank Tennessee one hundred and ninety two. So they split fourteen games in the acc SEC Challenge over the previous two nights. They both won seven times. A couple of bad teams at the NBA's Eastern Conference, the Pistons the Wizards. They played the other night. Washington won, but the Wizards lost in Orlando, won thirty nine to one twenty. The Magic thirteen and five on the year. The Wizards are three and fifteen. The Pistons are two and seventeen. They bought fifteen games in a row. Blown out at home, Lakers won one thirty three to one oh seventy. Angelo Russell scored thirty five. Seahawks and Cowboys ticking off Week thirteen tonight in Dallas. They both played last Thursday. Cowboys won easily and Seattle lost to the forty nine Ers. These two teams are in second place in the NFC East and West. The teams that are in first place in those divisions the Eagles and forty nine Ers, and they play Sunday. That's the big game of Week thirteen. It's a rematch of last year's in at Championship. Joe Flacco now with the Cleveland Browns. They brought him in when the Shawn Watson went down. He's gone from third string QB to second and Dorian Thompson Robinson is in concussion protocol, so Flaco may start Sunday against the Rams. Patriots not saying anything official as usual for them, but it sounds like mac Jones goes to the bench. Bailey ZAPPI expected to start on Sunday. John stashed were Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias exam the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We want to reflect more on the life and legacy of Henry Kissinger, who died yesterday at his home in Connecticut at the age of one hundred. Kissinger was born in nineteen twenty three in the German state of Bavaria. He moved to the US in nineteen thirty eight to escape Nazi persecution. The son of a Jewish school teacher. At age nineteen, while a student at the City College of New York, Kissinger was drafted into the army in the US, serving as an interpreter during World War II, and after the war he helped round up Gestapo officers as a member of the nine hundred and seventieth Counter Intelligence Corps. Kissinger spoke earlier this year with Bloomberg's editor in chief John Micklethwaite, and said he saw the first hand impact of authoritarianism and totalitarianism in his youth. It was an experience which it's so elemental then it becomes part of you. Kissinger brought that experience back with him to the United States. He resumed his studies at Harvard University. His doctoral dissertation there focused on balances of power in nineteenth century Europe. As a tenured professor at Harvard, Kissinger honed of the conservative real politic worldview that would dominate his thinking on foreign policy for more than a half century. Kissinger also cultivated relationships with policymakers in Washington that led him to the White House in nineteen sixty nine as National Security Advisor to President Richard Nixon. Kissinger's secret trips to China in nineteen seventy one paved the way for arguably the greatest foreign policy achievement of the Nixon presidency. His own visit the following year. Knowing of President Nixon's express desire to visit the People's Republic of China, Premier Cho and lie On behalf of the government of the People's Republic of China has extended an invitation to President Nixon to visit China. The opening of China and an anti ballistic missile treaty hammered out with the Soviet Union achieved what would become known as Kissinger's triangular diplomacy, but his penchate for secrecy would lead to controversy. Kissinger was the first person to serve as both National Security Advisor and Secretary of State at the same time. That allowed Nixon to run foreign policy more or less directly from the White House. The president summed up his attitude in a taped conversation with Kissinger about the Christmas Day bombing in Vietnam in nineteen seventy two. Kissinger fed into that paranoia about enemies and the press by ordering wiretaps of reporters and White House aids looking for leaks. That expanded use of surveillance led to Nixon's resignation under the weight of Watergate, but the weight of one major foreign policy decision would cloud Kissinger's legacy for the rest of his long life. The Secret War in Cambodia. Kissinger orchestrated the operation that dropped more than one hundred thousand tons of bombs on North Vietnamese positions in the country. It helped lead to the rise of a genocidal Khmer Rouge regime after the war, but Kissinger would never stop defending his conduct in Vietnam, even against critics who labeled him a war criminal. Would say a better way At any one point, we didn't think so. I still don't think so. But I'm open into that argument. But what is meant by better that pragmatic approach to the world as it is rather than how policymakers might like it to be what informed Kissinger's view long after he left public office and sought to wield influence as a private citizen. At the age of eighty eight, Kissinger wrote the book on China, about the country he helped to bring back to the world stage. In a twenty twenty interview at the Bloomberg New Economy Forum, Kissinger warned of the risks of confrontation between the world's two biggest economies. Let's say, at some basis for some cooperative action to wills, Bill Slide hid a catastrophe. Comfortable do will do a one And Henry Kissinger worked to head off that catastrophe. After reaching his hundredth birthday this year, when President Biden sent cabinet secretaries to Beijing to try to stabilize relations, the one US diplomat that Chinese President Shi Jinping met face to face this summer was the man who he called an old friend to China, former Secretary of State Henry Kissinger. And for more, we are joined from Singapore by Bloomberg News Managing editor Derek Wallbank. A mixed legacy, Derek, but an undeniable legacy at the same time. I think that's exactly right. An. I think you did a brilliant job setting this up and there when when we're talking about the reaction, especially out here, I think the the polarity of feedback has been striking today. You know, Kissinger was a sort of person that in some corners of the world was a lionized statesman, and some other corners in the world, uh, they considered him an absolute scoundrel. And and and there's not really a giant a mix of those right now, certainly through Asia hours and you're you're talking about somebody who in Singapore was was somebody that that foreign ministers would would make pilgrimage to his apartment in New York City. Every time that there was a UN General Assembly meeting China. You saw that you mentioned the reaction from Xi jianpingg He's Uh. Kissinger was described as an old friend of the Chinese people's there's a mournful reaction from from China at the same time. Uh. This is somebody who throughout parts of Southeast Asia, UH, particularly Cambodia, allows Vietnam, et cetera. You know, Indonesia, parts of team or less. It's like it is not held in anywhere the same sort of thing. It's a very polarizing person, but certainly somebody who had I think it is unanimous to say a titanic effect on the world in which he lived, no doubt, and to you put it into the context of where US China relations stand now. I think it'd gotten a little bit better since the low that we saw after the alleged spy balloon incident back in February. But talk a little bit more about the impact that Henry Kissinger tried to wield even up to the end, as President Biden was trying to put US China relations sort of back on the rails. I think one of the most notable things sitting here as as we closely have tracked the decline in relationships between the two superpowers, is how Henry Kissinger always seemed to be the one American who could get a meeting with anyone he wanted in China. I mean anybody he wanted. I saw in Chinese state media today retrospectives of here was Henry Kissinger visiting it this year, and then two years later, and then three years later, and etcetera, etcetera, etcetera. Gotten down the line, he met with anybody he wanted, He met any time he wanted, and senior, senior Chinese folks would would go to him, would would want to talk to him to get a sense of where the things were in the United States, and vice versa. You know, he was a counselor to presidents of his party or not, people who agreed with him or not. He was seen as this respected voice that when he was in the room, people felt like they needed to listen to on both sides of this relationship, because as they say, he was so respected in China, and in these days you find somebody who who is you know, who is American, who has deeptised in the American state, who who is that respected in China is It's a very very small list, right, and Henry Kissingtram might have been right at the top of that list. Well, we think about the passing of a former Secretary of State who saw the world as it is. We have a current Secretary of State, Anthony Blincoln, who is back in a part of the world that is as restive as anywhere else in the Middle East. Let's talk a little bit about the latest that's happening in the conflict between Israel and Hamas and the influence the Secretary of State Blincoln is trying to have as this tenuous ceasefire continues. Yeah, and the thing that I think everybody's waiting for is to see how long this ceasefire will go. It was supposed to expire at seven am local time Thursday. It got extended for another day. I mean the announcement here just minutes before that ceasefire was due to end. There had been reports of small violations here and there of things. We have seen a steady drip drip of hostage releases. But it's a very very tenuous. I don't even want to use the word piece. It's a very it's a very tenuous pause. Let's go with pause, because a pause implies that the play button is back. It is also on the table that the restart could be coming soon. So I think that's the question. How much progress are we getting here? You do see the United States trying to play in here. I think I think the Biden administration is politically finding itself in a in a in a tough spot. They are trying to have some guardrails that they're trying to communicate to the Israelis. At the same time, you know, the the US is permissioning I if I can use that word, they're they're certainly you know, they're they're they're certainly Israel's biggest friend on the world stage. Right. So so that's a little bit of a difficult position that the Biden administration is trying to tread a little bit carefully. But they are trying to influence, uh, what's what's going on in that in that part of the world, and they have a lot of place to play. At the same time, you see countries like Egypt, countries like Cats are trying to you know, trying to influence Maybe they might be more simply sympathetic to other sides than the US administration might be, but all sort of trying to find and feel a way out of this so that it doesn't conflagrate more. All the while, also, it should be said, trying to keep nation states that are currently mostly on the side on the side. And I'm thinking here of countries like Iran to prevent this from escalating into something even more than it is right now. It's certainly a touch and go sort of thing right now. And I do as I say, I think, I think it carries some political risk. I mean, look, we're we're we're less than twelve months out from the US presidential election, and a lot of the people who are protesting in the streets in the United States are people who you would find in a normal Democratic coalition who are deeply upset with the president right now and vowing not to vote for him in any circumstance. Right that's a part, that's a group of people he needs to come out for him next year, and so it's a very very delicate ballot. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast. Feed at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Henry Kissinger, the child refugee who rose to become US Secretary of State and defined American foreign policy during the 1970s with his strategies to end the Vietnam War and contain communist countries, has died. He was 100. Not long before his passing, Kissinger sat down with Bloomberg Editor-in-Chief John Micklethwait for an extended conversation. He talked about his life and career, what shaped his worldview, and his thoughts on the current state of global affairs. Listen here for that special conversation, in its entirety.See omnystudio.com/listener for privacy information.

On today's podcast: 1) As the truce between Israel and Hamas enters its final 24 hours, negotiators from Qatar, Egypt and the US are pressing for an extension to try to secure the release of additional captives and avert a resumption of a war that erupted almost two months ago. 2) Charles Munger, the alter ego, sidekick and foil to Warren Buffett for almost 60 years as they transformed Berkshire Hathaway Inc. from a failing textile maker into an empire, has died. He was 99. 3) Billionaire investor Bill Ackman is betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the war in the Middle East. This is the final day of an extended six day ceasefire between Israel and Hamas. The Palestinian group handed over a dozen more hostages last night, ten Israelis and two citizens of Thailand. White House National Security spokesman John Kirby says he hopes the ceasefire can be extended so more Americans can be freed. I don't want to I'll give you a handicap here on this or bet nods. I can just tell you that we want to see all the hostages out. The way to do that is these pauses. My White House spokesman John Kirby spoke with reporters outside Air Force one CIA director Bill Burns is and caught her for talks about extending the ceasefire. Secretary of State Anthony Blincoln will be back in Israel later this week, and in a post on ex President Biden called for an end of the fighting. He says Hamas fears nothing more than Israelis and Palestinians living side by side in peace and now Nathan the financial world. EA is mourning and remembering the life of Charlie Munger. Munger, who helped build Berkshire Hathaway with Warren Buffett, died yesterday at the age of ninety nine, and we have more with Bloomberg's John Tucker, John and Karen with wit, wisdom and one liners. Charlie Munger served as Warren Buffett's alter ego, often telling it with brutal honesty what wouldn't work. Munger was known for steering Buffett away from purchasing what Buffett called cigar butts mediocre companies had a puff of smoke left and could be bought for very cheap prices, and instead favoring quality. A lawyer by training, Monger recalled how he was steered toward investing when I met Warren. He immediately started telling me how much better his way of making a living was than mine, and that I was too smart to stay in such a silly businesses law practice when I could go into his business of running an investment partnership. And it took me about two or three years to realize he was right. His death, Lee's Buffett without his law time sounding board for investors, maybe his most enduring legacy is Berkshire's performance under their management. Berkshire average an annual gain of twenty percent from nineteen sixty five through twenty twenty two. I'm John Tucker, Bloomberg Radio. All right, John, thanks, of course. Charlie Munger is also going to be remembered for his roles as straight man and scold of corporate excesses at Berkshire's annual meetings in Omaha. Bloomberg Intelligence Senior analyst Matthew Pallasola remembers Monger's special relationship with Warren Buffett. They're recalling individual meetings that they had, you know, forty fifty years ago, and Bussett is forgetting a couple of things, and Munger's reminding him of, well, this guy said that, and we said this, and we made this much money in these meetings. I mean it was, you know, truly a partnership for all of that time. And their interaction was just amazing. They would finished each other sentences, and Bloomberg Intelligence Senior analyst Matthew Pallasola there. Charlie Munger died yesterday at a hospital in California. He was a longtime resident of Los Angeles. Well Nathan, we turn to the market, specifically the economy now and billionaire investor Bill Ackman, who's betting the Federal Reserve will begin cutting interest rates sooner than markets are predicting. I think there's a risk of a hard landing if the FED doesn't start cutting rates, you know, pretty soon. So I think the market expects sometime middle of next year. I think it's more likely, probably as early as key one and Bill Lackman added that he's not convinced the US economy is headed for a soft landing. The billionaire investor made the comments in an upcoming episode of The David Rubinstein Show. Here to Beer Conversations on Bloomberg Television. Well Karen Bill Ackman's comments come as two of the fed's most hawkish rate setter signal they could be comfortable holding rates steady for now. Here's what FED Governor Christopher Waller told the American Enterprise Institute in Washington. I am increasingly confident the policy is currently well positioned to slow the economy and get inflation back to two percent. Chris Waller's view as echoed by a fellow FED governor, Michelle Bowman, who said she remains willing to support great hikes if inflation progress stalls, but she did stop short of endorsing an increase next month. Well. In Washington, Nathan, the House of Representatives may be voting on whether to expel George Santos today or tomorrow, and Bloomberg's Ed Baxter has that story. Motions in the House have been formally introduced, saying ethics findings violate the accepted policies of the body. Now, many of those members who voted against the first one November one, are saying they will vote to expel now, and Santos has responded saying the body is just theater. I went to San Diego last week. It is terrible, terrible. That's what we should be putting our energy on, not on censuring one another, expelling one another, which hunts against the political class. Nobody cares. Congress has forty eight hours to act under the resolution. Ed Baxter Bloomberg Radio, Okay and thank you. President Biden won't be there, but Vice President Kamala Harris this is attending the COP twenty eighth Climate Summit in Dubai. We get details from Bloomberg's Amy Morris. Harris will join Secretary of State Anthony Blincoln and other US officials at the two week event that begins tomorrow. She is expected to address the summit this week. Formal negotiations at COP twenty eight will center on the response to warnings that countries are falling short and cutting their emissions, and possible commitments to phase down fossil fuels in Washington, Amy Morris, Bloomberg Radio. All Right, Amy, thanks for the Incorporate news and a surprise memo. Jack ma urged Ali Baba Group to correct course civilionaire call for fundamental change across the company he co founded decades ago. Ma has mostly stayed away from day to day operations since twenty twenty, and Ali Baba wants China's best candidate to become a trillion dollar company is trading at a fraction of its peak in twenty twenty. Time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Good morning, Good morning, Karen. Congressional negotiators are reportedly ready to drop plans to use the annual defense policy build of Titan controls on US investment in Chinese technology. Sourses tell Bloomberg that House Financial Services Chairman Patrick McHenry is effectively blocking a measure that would require firms to notify the government about certain investments in China and other countries of concern. The Biden administration meanwhile getting pushedback from auto dealers on those mandates for switching over to electric vehicle production. Bloomberg's Nancy Llons has that part of the story. The mandate calls for two out of every three vehicles sold in the US by twenty thirty two be battery electric, but nearly four thousand auto dealers, who are calling themselves EV Voice of the Customer say most car buyers, even with incentives, are disinterested in the technology due to the higher cost, the lack of charging stations, and the loss of driving range and hot and cold weather. The dealers are asking President Biden to slow down and let the battery technology and infrastructure improve before forcing EV purchases. The White House says the proposed standards are not a mandate and do not ban gas vehicles in Washington, Nancy Lyons Bloomberg Radio Republican Congressman Anthony Disposedesposito made a motion on the House floor to force a vote on House Ethics Committee Chairman Michael Guests resolution that would expel Congressman George Santos. Minutes later, Santos took to the House floor himself to defiantly say he will not resign. Are we to now assume that one is no longer innocent until proven guilty, and they are in fact guilty until proven innocent, Or are we now to simply assume that because somebody doesn't like you, they get to throw you out of your job. The House Ethics Committee report alleged Santos used campaign cash to pay for personal expenses. He's also facing federal charges. A US military Osprey aircraft carrying eight people as crashed into the sea off southern Japan. The Japanese Coast Guard is heading to the site for search and rescue operations. Host Guard official says they don't have details yet about what happened to the osprey nor to the people on board. He says the Coastguard received an emergency call from a fishing boat near the crash site off Yakushima. The osprey was believed to be heading to Okinawa. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen. All right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. As Amy said, but now you can get the latest news on demand whenever you want it. You can just subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update, here's John stash Hour John Darren. The NBA started this season with an in season tournament to drum up some interest early in the regular season, taking a page out of what you see in European soccer. Last night they determined which eight teams are advancing to the knockout round next Monday. In the East, Boston will play at Indiana, and then on Tuesday it's the Knicks in Milwaukee. Monday in the West, New Orleans and Sacramento, followed the night later by Phoenix at the Lakers. The winners will advance in the semifinals December seventh in Las Vegas, with the championship on December ninth. Minnesota Timberwolves have the best wrecker in the West. They won last night. They're thirteen to four. They're not advancing, but the Knicks are. They beat Charlotte one fifteen to ninety one. The Celtics moving on. They're eight to zero. At home, they beat the Bulls one, twenty four to ninety seven. Jalen Brown scored thirty. Milwaukee got thirty three from Jannis on to the compo in a one to thirty one to one twenty four win at Miami College Hoops and the sec ACC Challenge the SEC one four, including twelfth rank Kentucky beating eighth rank Miami ninety five to seventy three. We heard from the College Football Playoff Committee. Time we'll hear from them will be Sunday with the final four announcing who's going to be in the playoffs. Georgia's rank number one. Michigan, with the big win over Ohio State, moves up to second. Everyone moves up a spot. Washington now third, Florida State fourth, Oregon fifth. Washington plays Oregon on Friday for the pac twelve Championship Ohio State. With the loss dropped the sixth John Stasheward Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on siriusxam, the Bloomberg Business app in Bloomberg dot com. This is Bloomberg day Break. Good morning. I'm Nathan Hager. On this final day of an extended six day ceasefire between Israel and Hamas, the Palestinian militant group is handing over more hostages and pressure is building on both sides to see if this pause in the fighting can be extended even further. For the very latest, let's go to Tel Aviv and check in with bloom Israel Bureau chief Ethan Bronner. Ethan, it's good to have you back with us. What are the prospects that we could see this ceasefire extended beyond today? Hey, Nathan, I think the prospects are pretty good. I think that both sides have been comfortable with this pause, they would like it to extend. I think it's a breather for Hamas, it's a breezer for the Israeli defense forces, and also it allows more humanitarian aid to get into those in great need who are suffering from hunger and the outbreak of disease in Gaza. And of course it's bringing back to Israel hostages. So the deal is, you know, ten hostages a day, another day of a ceasefire, and it seems like that could go on at least two more days. Will it be a ceasefire or could it be a resolution to this conflict? We've seen commentary from President Biden himself one of his latest posts on the social platform X saying that Hamas fears nothing more than Israelis and Palestinians living side by side. To continue down the path of terror, violence, killing and war is something we can't do. Is pressure building to end this war? It is? And that was an interesting tweet. I don't know if you still call it a tweet. An interesting post on X by the President which suggests that he is slightly moving away from a full embrace of an Israeli continuation of the war. I think it's a little hard to tell. The Israelis very much want to destroy Hamas, and they believe they can, and they believe they must take this opportunity to do so. They believe that they want to get as many hostages out as possible and then go back into war. It is clearly the case with the President and many many people abroad think that the war has should stop. Too many people have died, too much suffering has occurred. And I think that politically President Biden is worried. He's also facing internal dissent in his own administration. But you know, it could also be that they sort of thread this needle in the way that allows the Israelis to go ahead in some days time, but in a way that is more targeted, there's less civilian death, and that allows them to declare a victory. We shall see. Are we seeing that play out in the thinking among Israeli officials leaders in Israel that we could see a more targeted approach and what would that look like? Yeah, and what would that look like is a great question. We are it's very very hard at the moment to get any transparency on what the next military phase will look like. When you ask, you're told, sorry, pal, we're not sharing it with you. But it is clear from public statements and also from pressure from Washington, that they have to reduce them the kind of bombardment that began in these first weeks of this. This is now almost an eight week conflict, and it is clear that they want to go after the leaders of Hamas and it's military infrastructure. They are saying that they've killed about five thousand Hamas guys. They were saying there were about thirty thousand of them, So you know, from their perspective, they've made progress, but they've hardly gotten everything they need. Now, what would it mean to go in a more targeted way. You're going to have two million people sort of crowded into the southern part of Gaza. I don't know how you're going to go get underground there without killing people. So I don't know how they're going to do it, but that's clearly something the Americans are demanding of them before they let this go forward. What do we know about the hostage releases that are expected today, Well, we know that these rulis have been given another list of ten. Again, only women and children have been and gate involved in these exchanges so far, and I expect there'll be more women and children in the next day or two. Then the question is would they get to some men, some soldiers and that's I think a more difficult thing. So far, it's been three Israeli three prisoners Palston prisoners for each hostage. That may have to change. Yeah, we do know that there have been talks underway and caught her with the CIA director Bill Burns to potentially get that ceasefire and hostage deal extended beyond women and children, something else for us to follow. And no, we will be doing that as well. Ethan Bronner, thank you so much for being with us this morning. Ethan Bronner, Israel bureau chief for Bloomberg News, joining us this morning from Tel Aviv. And now we want to bring you our conversation with the founder and CEO of Pershing Square Capital, Bill Ackman. He says the Fed's going to cut rates sooner than many of us expect. Bill Ackman joined Bloomberg's David Rubinstein for peer to peer conversations. They discuss the FED, the outlook for the US economy, and the twenty twenty four presidential elections. So let's bring you part of that conversation right now. I do think the economy is weakening. We're seeing evidence of that in some of our companies. You're seeing I have some concerns. There's been a huge subsidy in terms of low interest rates and companies. Most companies fix their rates or their debt at very low rates, and certainly real estate investors did the same. And that works until it doesn't work, And so I think we're what's going to be interesting is to see what happens when people get have to reprice their debt, and I think that can have sort of a cliff like effect, and you're certainly seeing that in real estate now. The markets are assuming, and the markets are not always right, but the markets are assuming that there's going to be a FED discount cut sometime next year. As we talk now just about the end of November. It's not clear what the Fed will do. But some people say that the Fed, if they were to cut interest rates next year year, would help the Democrats and therefore be seen as very political. The other hand, some people say the Fed can't wait till after the election because the economy might need a stimulus. So you have a view on what the Fed is likely to do. I think they're gonna cut rates, and you know, I think they're gonna cut rates sooner than people expect, because you know, what's happening is the real rate of interest ultimately, which is what impacts the economy, keeps increasing as inflation declines. Right, So if the FED keeps rates in the sort of middle fives and inflation is you know, trending below three percent or you know, that's a very high real rate of interest, and I think that is having a sort of retarding effect on the economy. And then of course, again you know, many businesses and certainly many individuals have the benefit of fixed rate debt, and that fixed rate debt, certainly for companies and for commercial real estate, starts to roll off. So I think there's a risk of a hard landing if the FED doesn't start cutting rates, you know, pretty soon. So you know, I think the market expects sometime middle of next year. I think it's more likely probably as early as key one by its own and miss and the FED probably missed inflation initially they said it was transitory, but they played catch up and they've increased rates considerably since that time. Do you think the FED made a mistake in not handling inflation differently at the beginning, And how do you think they've done since they started increasing interest rates? They certainly made a mistake. I mean, I think they would have FED generally as an institution, would admit that. I think that they caught up and effectively. So you give them credit for acknowledging the mistake and being pretty aggressive. And then I think, you know, you want to make sure that they're you know, German Powell's desire not to have a legacy of causing or contributing to long term inflation, doesn't, you know, cause them to make the opposite mistake, I mean, keep rates too high for too long, and I think the market expectation is you know, called it middle of next year, July something like this for the beginnings of easing. I think the economy will likely demand an earlier move. And I don't think of the FED as a or at least this FED, a particularly political institution. I think they're really trying to do the right thing. President Biden has called his economic program biden Nomics, which has met some derision in Republican circles. You've been an active supporter of Democrats, I think more than Republicans. Is that right? I would say historically I have you know, I would say today I certainly consider myself and have for years now a centrist, okay, and I'm much more open to Republican candidates that I am to re electing President Biden. So I you know, you would say otherwise. You know, again, I want to elect the best leader of the country, whether that person is a Republican or a Democrat. But you haven't publicly said you're supporting President Trump if he's the nominee. Ye. I've been supportive of you know, I've been supportive of Nikki Haley. I've been supportive of Chris Christy, I know, the vag Ramswani and I was, you know, pre his launch of his candidacy, I was, uh, you know, supportive of his having a young, smart, talented, uh you know, business leader as a next president. He's just been a little too far off, too far to the right, and also been disappointed a bit with his you know, geopolitics and how he's thinking about dealing with some of the wars that we find ourselves in the midst of today for the economy itself. Do you think it really is going to make a difference if President Trump is if he's the Republican nominee it gets selected, or President Biden is the Democratic nominee he's selected, who either one. Would it make a big difference for the economy in the next year or so if either one is the president or the economy is going to do what it's going to do. You know, I do think leadership matters enormously in everything from the economy to geopolitics, and I hope we're going to have a broader selection than Trump and Biden. There's actually an interesting candidate who just announced his candidacy on the Democratic side that I would say, no one has heard of a congressman named Dean Phillips. You probably have heard of him, may know him. Met with him recently. I was impressed. I think the best I think Biden done a lot of good things, but I think his legacy will not be a good one if he if he is the nominee, I do think the right thing for Biden to do is to step aside and to say he's not going to run and create the opportunity for some competition of alternative Do you think that I think that I think he's past his prime in kind of meaningful way. I think the global security, I would say, and is going to become a very high profile issue for I think the country. I think people are concerned about what's going on in terms of Russia, Ukraine, you know, the Israel Hamas situation. You know, Russia and China are pretty belligerent today. Our relationships are not good. So I think you know, you, I do think of It's a bit like being CEO of a major company. It's a it's a it's a full time job, and you need to be at your you know, you need to be strong, you need to be at your intellectual best. And I don't think Biden is there. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Israel and Hamas extended their truce late Monday after agreeing to release more hostages and prisoners and Washington said it was dispatching its top diplomat to the region for more talks over the conflict in Gaza. 2) Elon Musk was in Israel being welcomed by the nation’s political elite — including Prime Minister Benjamin Netanyahu — to visit the region where the Islamic militant group Hamas murdered 1,200 people on Oct. 7. 3) European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched.   Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. First, you want to get to the latest developments in the Middle East. Israel and Hamas have agreed to extend their truth. They will pause fighting until early Thursday. That brings the halt to six days, and we get the latest from Bloomberg's Rosalind Matheson. What we know is that this extension, which was somewhat expected, is likely to be under the same terms as we've seen so far, which is roughly, for every one hostage released by Harmas one Israeli hostage, that there's at least three Palestinian hostages released in turn by the Israelis. That's about a one for three exchange. What we do know is that those exchanges have happened so far every day in the truth, even if they've happened sometimes quite late in the day because there has been continued arguing through the day about some of the terms and conditions. Bloomberg's Roz Mathison says the truce comes as Secretary of Saint Anthony Blinken heads to Israel for the third time since the Hamas attack. Well, Nathan Elon Musk says he liked to help rebuild Gaza after the war with Hamas. The billionaire was in Israel yesterday and made the comments in a conversation with Israeli Prime Minister Benjamin Nettan Yahoo. Those who are intended motor must be neutralized. Then the propaganda must stop. That is training people to be murtorers in the future, and then and then making Gaza prosperous. And if that happens, I think will be good future. Well, I hope you will be involved in it, and I'd love to help and muss Israel Visit appears to be an effort to diffuse a growing backlash over his endorsement of an anti Semitic tweet. Last week. Corporations including Apple and Walt Disney stopped advertising on Eggs over concerns of increasing anti Semitism and hate speech on the site since he purchased it well Karen. The first of three US military relief flights carrying aid for the Gaza Strip is set to arrive in Egypt later today. Senior US official say the flights will carry winter clothing, food, medical items, and supplies specifically for children. This comes as the Biden administration seeks to escalate assistance to Palestinian civilians amid pressure from fellow Democrats. Well, Nathan ad to Israel is one of the issues of waiting lawmakers on Capitol Hill. The House is back in session today after the holiday break. Senate Majority Leader Chuck Schumer says he wants to vote as soon as next week on one hundred and six billion dollars in aid to Israel, Ukraine, and border security, but former Republican Congressman mcmulvaney says it'll be tough to pass it all before the end of the year because Congress is not facing a government shut down deadline by then. Typically big deals would get done at Christmas and again right before the August recess because that's when Congress wants to go home. Well, they don't have the sort of the sword of Damicles to hold over the members right now because the funding deals go beyond Christmas, and former Congressman mcmulvaney says Israel aid could pass alone before Christmas because it has bipartisan support. And he was guest on Bloomberg's sound On. Get the full interview on the sound On podcast. Well, meanwhile, Karen President Biden is cautioning corporations against taking advantage of inflation relief. We get that story from Bloomberg's Ed Baxter. President Biden has taken credit for easing supply chain pressures and lowering inflation, but says more needs to be done. Let me be clear, to any corporation that's not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt, it's time to stop the price gouging. You've given the American consumer a break. Biden also says he set up a council review supply chain actions, calling it an early warning system. Head Baxter Bloomberg Radio, All right, Ed, thank you well. We turn to the markets now, and it's shaping up to be a November two remember. We get the latest from Bloomberg's John Tucker. John and Karen stocks have rallied more than eight percent, marking one of their strongest gains for the month since records began. Signs of slowing inflation and measured jobs growth have also unleashed a treasury rally, with scent yields tumbling for their highest and more than a decade, and those lower yields mean the dollar is headed for its steepest monthly drop in a year. There's a consensus that not only has the Fed stop raising interest rates, but investors are pricing in around ninety five basis points of rate cuts into the end of next year. Well, not everybody's on board with a bowl case. Strategists that city groups say underlying bullish signs from futures flows are starting to fade. I'm John Tucker, Bloomberg Radio. Okay, John, thanks, you got some news on the IPO market this morning. Sources tell Bloomberg Reddit is again holding talks with potential investors for an initial public offering for the social media company, and we get that story from Bloomberg's Charlie Pellett. Hope Folds aren't preparing for a long awaited reopening of the market for new listings, sources say. The San Francisco based firm, whose users help fuel the meme stock frenzy that made twenty twenty one a ban a year for equities, is weighing an IPO as soon as the first quarter. Bloomberg news last year that Reddit was working with Morgan Stanley and Goldman Sachs on the listing and was considering a valuation of as much as fifteen billion dollars in New York. Charlie Pellett, Bloomberg Radio, all right, Charlie, thank you well, fast fashion retailer. She and has filed confidential confidentially with US regulators for an IPO that could take place next year. Bloomberg News has learned the online retailer, which was founded in China's working with Goldman Sachs, JP, Morgan Chase and Morgan Stanley on the listing. She has come under fire for poor labor conditions and factories in partners with overproduction of poor quality garments and the use of cotton from a Chinese region accused of using forced labor. Futures this morning, little change nasday futures lower though down a tenth of a percent on about twenty two points ten year treasury down two thirty seconds you four point three nine percent, and a yield on the two years at four point nine zero percent. Straight ahead, we have more local headlines, plus check of sports, and this is Bloomberg and it is time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris Any Good morning, Good morning, Karen. Scandal plagued New York Republican Representative George Santos has acknowledged he expects to be expelled from the House as soon as this week. House Speaker Mike Johnson was asked if there would be a vote on the fate of mister Santos as soon as this week. We've spoken to Coxsman Santos at some length over the holiday and talked to him about his options, but we'll have to see. It's not yet determined. The latest blow came in the form of a fifty six page report from the Health Ethics Committee released earlier this month, outlining substantial evidence that mister Santos violated federal law. The Justice Department has charged Santo's with conspiracy, wire fraud, fallse statements, falsification of records, aggravated identity theft, and credit card fraud. Border security is a key part of a broader legislative deal that lawmakers want to complete before the end of this year, but lawmakers are not likely to include a pathway to citizenship for young immigrants protected by the Deferred Action for Childhood Arrivals program in the border deal wrapped in that conversation a national security funding request from the White House, including eight for Ukraine. Senate Majority leader Chuck Schumer. The biggest hold up to the national security supplement is an insistence by some Republicans, just some on partisan border policy as a condition for Ukraine aid. Senator Chris Murphy of Connecticut, a top Democratic negotiator in those talks, says wild Daka is a priority that Democrats would want to see included in the deal, it does not align with what Republicans want the final bill to look like. A Moscow court has extended the detention of US reporter Avan Gershkovich. Gershkovich was arrested in Russia earlier this year. He's accused of spying. Today's hearing was held behind closed doors, no press allowed inside. His detention will be extended through January thirtieth. Memorial service is being held in Atlanta for former First Lady Rosalind Carter, President Biden, First Lady Jill Biden, and other former First Ladies. Malania Trump, Hillary Clinton, and Laura Bush are all expected to attend services this afternoon on the campus of Emory University. Jimmy Carter is also planning to be there. Rosalind Carter rather Rosalind Carter Pardon me died on November nineteenth at the age of ninety six. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen. All right, Amy, thank you what we do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Just subscribe to Bloomberg News Now to get the latest headlines at a click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apples, Spotify, and anywhere else you get your podcasts. And it's time now for the Bloomberg Sports Update, and here's John stash Hour, John Karen Mother Night. Football in Minnesota, the Vikings lost their quarterback Kirk Cousins for the season, and their star windout Justin Jefferson, missed another game that's the seventh in a row, and their offense struggled. Their new quarterback, Joshua Dobbs, who had been playing well through four interceptions. He did throw a touchdown pass to TJ. Hockinson with under six minutes to go, the only TV of the night for either team. It put Minnesota ahead, but Cairo Santos with his fourth field goal of the game of thirty yard or ten seconds left, the Bears upset the Vikings twelve to ten, Chicago four and eight, Minnesota six and Sixes two and four at home NBA in Philadelphia, Joe Lmb thirty points a triple double, and the Sixers crossed the Lakers one thirty eight to ninety four. Lebron James has been playing for twenty one seasons. This is the most lopsided loss of his career. Rare win for the Wizards. They won one twenty six to one oh seven. At Detroit, battled the NBA's two worst team. The Wizards are three and fourteen and the Pistons are two and fifteen. Bruins lost at Columbus five to two. The Minnesota Wild fired their coach Dean Everson. Wild with only five wins in their first nineteen games. They're replacing him with John Hines. The former Nashville coach. Sonny Gray signed a deal with the Saint Louis Cardinals three years, seventy five million. He was the cy young runner uper in the American League with Minnesota. He's also pitched for Oakland, the Yankees, and Cincinnati. Outfielder Jason Hayward staying with the Dodgers a one year deal for nine million. John Stashie were with Bloomberg Sports. Karn all right, John, thank you, well, we want to get the latest out of the Middle East. We're going to be speaking with the Bloomberg's Simon Marx straight ahead. He is going to join us from Tel Aviv. And ahead of that conversation, futures again, our little change this morning. Nasdaq futures though lower, down to tenth of up percent, the Dacks in Germany also down to tenth of up percent this morning, and a ten year Treasury down two thirty seconds see of four point three nine percent. The yield on the two year four point nine zero percent. This is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We continue to watch for further developments in the Middle East now at the ceasefire between Israel and hamas into overtime, and the expectation more hostages will be freed from Gaza in exchange for Palestinian prisoners joining us once again from Tel Aviv is Bloomberg, Simon Marx, Simon good morning. What is the expectation is it's still going to be one hostage for every three Palestinian prisoners, and that's how this is going to continue to go. Yes, that does seem exactly how it's supposed to go ahead. The Katari government has built out a statement very recently saying that the terms and conditions of this truce will be identical to what we've seen the previous four days. So that is going to take us through to Thursday morning here, so an extra two days, and we're going to see in the coming sort of forty eight hours whether that can be extended once again for another two days. Beyond that, there is some speculation that there could be another bit of wiggle room there. Do we know at this point or have we gotten any clue as to how many hostages could be released today? And whether there'll be any Americans on the list. Yes, so you know we're looking yes, the same as yesterday essentially, which was eleven off the hostages in return for thirty three or so Palestinian prisoners. That is the expectation there. Obviously weren't any Americans involved the last time round, but there is a lot of backchanneling going on to try and make sure that the US hostages do get out, although some sort of feel that, you know this, this will wait till the very last moment, obviously due to the relationship between Hamas and the US, and along with back channeling, it looks like there could be some more front channeling as well, with Secretary of State Antity blink and expected to arrive your way any moment. Now, what's the expectation for what the Secretary of State plans to do on this third visit to the region since the October seventh attack. Yes, indeed, so the Secretary of State has obviously been here multiple times. This time he's coming in towards the end of the week, we believe, and is going to focus on talks aimed at a more lasting, peaceful solution for the Palestinian territories. Of the Palestinian State. He will bring this up, whether or not he's going to get any traction. There is another question with Israel obviously planning to recommence their offensive in the Gaza Strip, and another focus of his will be to make sure more aid, more humanitarian cover is brought into the Gaza Strip. The UN have been very vocal, and you know right up into recent hours that more is needed, especially in the north of the strip where you have thousands of isolated people who haven't received much aid at all. It's interesting to hear a lot more talk now about what comes after, not just the ceasefire, but after the war itself. You mentioned Secretary of State Blincoln talking about a lasting solution to the crisis. We even heard from Elon Musko all people yesterday in Israel talking about wanting to rebuild in Gaza after the war is over. How much pressure is there on Israel right now to try to come to some kind of resolution of this crisis. There is a growing pressure, and I think there's a growing demand from partners from the Gulf, including the US, to understand what Israel's plan actually is. They haven't really expressed it. There is this notion obviously that the Netzenyahu government want to keep the West Bankcupied territories separated from the Gaza Strip. That obviously flies in the face of what the international community want in terms of a two state solution which would unify these two Palestinian territories. So there's so much to be ironed out, and I think that's probably some of the questions that Anthony Blincoln is going to want answers to when he arrives. Are we seeing that pressure Simon coming just from partners from the international community, or is Prime Minister Nettagna, who coming under some domestic pressure as well, got about a minute left. Well, yeah, obviously within Israel there is a quite a right wing government here at the moment. There are senior members of Nettaya who's Netanya whose cabinet, who are far on the right and very much against this idea of a two state solution and want to see a continued Israeli security presence inside the Gaza Strip. They have very little faith in any to come out of the Gaza Strip. So clearly Netanyahu's going to have to thread the needle here between what the international community wants and the pressures he's facing internally to be much more hardlined. Okay, Simon, thanks for this. We'll be checking back with you in the days and weeks to come. Simon Marks of Bloomberg News joining us this morning from Tel Aviv on day five now of the ceasefire between Israel and Hamas, with the expectation that more hostages will be released today in exchange for Palestinian prisoners out of Israel. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app. Seriusxmbiheartradio app and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) 1) Israel is coming under increasing pressure to agree to an extension of a four-day pause in its war with Hamas. President Joe Biden said he supports prolonging the cease-fire, which is due to end on Tuesday morning and part of a deal to free hostages held by Hamas in Gaza. The halt in fighting is “critically needed” for additional aid to get into the territory and for more captives to be freed. 2) Rishi Sunak said he condemns antisemitism “in all its forms,” in a careful criticism of Elon Musk that stopped short of the full-throated condemnation by US President Joe Biden and others who have accused the tech entrepreneur of amplifying anti-Jewish hatred on his X social media platform. 3) Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season.  Full transcript:  Good morning. I'm Nathan Hager and I'm Amy Morris. Here are the stories we're following today. First, the latest developments out of the Middle East. Israel and Hamas are signaling that a temporary ceasefire could be extended beyond today. Under the current agreement, Hamas is releasing fifty hostages in exchange for one hundred and fifty Israeli held prisoners. President Biden says he's aiming for this break in fighting to continue. Critically, nay, today is going in and hostages are coming out, and there's still structured so that it can be extended to keep building on these results. That's my goal, that's our goal, to keep this pause going beyond tomorrow. When President Biden spoke yesterday with Israeli Prime Minister Benjamin Netanyahu, who signaled an extension was possible. Meanwhile, Israel is coming under increasing pressure to agree to an extension of a four day pause in it's war with Amas. We get more from Bloomberg's Simon Marx and Tel Aviv. Israel is under some pressure to continue to slow drip releasing hostages. There is still a lot of public pressure here to get many more released, and the families and the victims of the hostage families are still very active. Bloomberg. Simon mar says, so far Hamas has handed over fifty eight hostages, including non Israelis. It is slated to free another eleven Israelis today to fulfill the four day Agreement. And in Washington, the issue of Israeli aid maybe getting more complicated. Bloomberg zed Baxter has that story. Senator Chris Murphy is saying lawmakers should consider conditioning future aid to Israel based on compliance with international humanitarian law. I think there's both a moral cost to this, many civilians, innocent civilians, children often losing their life, but I think there's a strategic cost. Ultimately, Hamas will get stronger, not weaker, in the long run if all of this civilian death allows them to recruit more effectively, enablely inside Gaza. Murphy on CNN civilian death toll must stop, ed Baxter Bloomberg Radio, Thanks D. Another complicating factor in aid to Israel and Ukraine is a dispute over security at the southern border. Republicans in Congress want to tie foreign military assistance to tougher border policies. On NBC's Meet the Press House Intelligence Chair Mike Turner said it will be tough to pass the AID before the end of this year. While the issue remains unresolved. Man Amy events in the Middle East may be forcing President Biden to skip an event he's attended the past two years. According to The New York Times, a White House official says the President will not be at the COP twenty eighth Climate summit in Dubai. The official didn't say why, but senior aids are suggesting the Israel Hamas war has consumed the president in recent weeks. Meanwhile, Elon Musk will today meet with the Israel with Israel's Prime Minister and president, as well as representatives of the families of hostages held in Gaza. The closed door meeting appears to be an effort to diffuse a growing backlash over the billionaire's endorsement of an anti Semitic tweet. While Musk has drawn support from notable figures including hedge fund manager Bill Ackman, others, including British Prime Minister Rishi Sunek, say that Tesla and SpaceX chief should not be given a pass because of who he is. I don't tend to get in the business of scrutinizing what every single person says who I've interacted with. Of course I bore anti Semitism. It doesn't matter whether you're Elil Musk or you or someone on the street who's shouting abuse that someone who happens to be walking past you. That's wrong in all its forms. Antisemitism in all its forms is completely and utterly wrong. So next careful criticism comes just weeks after the British Prime Minister had a fireside conversation with Musk at the UKAI summit. Turning to markets, amy stocks are going higher. That's the call from Deutsche Bank. The firm's strategists, including Binkie Chata, predict the S and P five hundred will rally to a record fifty one hundred by the end of next year. That's about twelve percent above current levels. Chata says stock valuations are not high and earnings are growing solidly. Meanwhile, Wall Street it returns to work with lots of economic data and plenty of earnings reports. We get a preview from Bloomberg's Charlie Pellett. Tech earnings will be in focus this week, with z Scaler and crowd Strike holdings underscoring how businesses are prioritizing cybersecurity after recent high profile corporate hacks. Among the other technology companies reporting this week Salesforce and Dell. In New York Charlie Pellette Bloomberg Radio. Okay, Charlie, thanks for also keeping an eye on retailers today. Well, because it's cyber Monday. The huge online spending day comes after shoppers spend a record online on Black Friday. More on that from Bloomberg's Eddie vendor Wald. What we're seeing is that US consumers spend a record nine point one billion dollars online. That's according to Adobe Analytics. It's a record so far. But we're seeing two interesting trends. Number One, a lot of people are spending on buy now, pay later, and we are seeing them buying less luxury items with this spending. So it feels like the consumer is starting to feel the pitch and rather than going out spending big money is saying, look, this might be a good opportunity to start cutting back out of spending. Bloomberg's Eddie vander Walt says global Black Friday sales rose twenty two percent, led by clothing, personal care, and jewelry. The owner of TikTok is cutting jobs. Bye Dance plans to eliminate hundreds of positions in gaming and wind down at Showpee s brand Uverse. The closure marks by Dan's biggest retreat from a once booming gaming industry dominated by ten Cent and at smaller faux net Ease. Sources say the Chinese company intends to announce the cuts later today. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker. Good morning Job, Hey, Good morning Amy. The US is investigating whether Iran was behind an incident in which missiles were fired near the Navy destroy USS Mason. The Mason intervene to stop the hijacking of a commercial cargo ship by pirates in the Gulf of Aidenere, Somalia on Sunday, after which two ballistic missiles were fired from Yemen tour the Navy destroyer. The ballistic missiles were fired from the part of Yemen controlled by Iranian backed Hutu rebels. They fell well short of the mark. We could be looking at a shakeup in the battery industry that's critical for the energy transition battery giants are starting to put their money on a new sodium based technology. Let's get more in this report from Bloomberg's Denise Pellegrini. Sodium from rock salt and brines is cheaper and way more abundant than the lithium widely used now in batteries. But in the past week alone, Sweden's Northfold said it made a breakthrough, and China's ev maker BYD signed a deal to build a one point four billion dollar sodium ion battery plant. Also, China's coatl said back in April at sodium based batteries would be used in some vehicles starting this year. This could all hit lithium demand Hardloomberg GETTYF has said sodium could cut hundreds of thousands of tons of lithium demand by twenty thirty five. Denise Pellegridy Bloomberg Radio. This post Thanksgiving travel rush could be won for the books. American Airlines said that it flew six and a half million customers over the holiday, the highest ever for the airline. Of this traveler at New York Liberty Airport spoke for many I travel from California to New York back and forth all the time. I have never had this much of a weight. I don't know why. American says it had more than sixty one hundred departures Sunday and expects about six thousand flights today. The Biden administration today will announce a redoubling it measures to strengthen supply chains. It's creating a new White House Council on Supply Chain Resilience. The council will conduct a supply chain review mirroring similar strategic documents prepared for National Defense at Homeland Security. Global News twenty four hours a day and whenever you wanted with Bloomberg News Now. I'm John Tucker and this is Bloomberg Amy. All right, thank you, John. We bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule, and you can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for our Bloomberg Sports Update and for that, we bring in John stash hour Amy. The game of the day was in Philadelphia. The Eagles trailed Buffalo by ten points in the fourth quarter, trailed by three with twenty seconds to go when Jake Elliott tied the game with a fifty nine yard field goal. Philly also trailed in overtime, but Jalen Hurt scored a touchdown and the Eagles beat the Bills thirty seven to thirty. Fourth. Philly is ten and one. The Bill's having a disappointing season at six and six. The Patriots having a really disappointing season. They are two to nine. Lost to the Giants ten to seven when Chad Ryland missed a thirty five yard field goal with three seconds to go. Ravens last night improved to nine and three. They beat the Chargers twenty to ten. The Steelers are seven and four, all seven wins by seven points or less. They've been outscored on the season, but Pittsburgh able to win at Cincinnati sixteen to ten. Bengals played without the injured quarterback Joe Burrow. Carolina dropped a one in ten, lost to Tennessee seventeen to ten. Indianapolis Street Tampa Bay twenty seven to twenty Michael Pittman had over one hundred yards in receptions. Two SEC schools with new football coaches at Texas A and m it's Mike Elko. He had been at Duke the last two years and the previous to that he was the Aggies defensive coordinator. Mississippi State's new coaches Jeff Levy, he had been the offensive cornator head Oklahoma. Another f one win for Max first staff and that's nineteen out of twenty two races. That's the most ever. Celtics still on beating at home. They beat the Hawks one thirteen to one of three. Jason Tatum score thirty four. Johns dash that We're Bloomberg Sport from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Today is scheduled to be the final full day of a four day truce between Israel and Hamas, but after the release of dozens of hostages from Gaza, including a four year old American Israeli girl. Both sides are now signaling this pause could be extended. And for the latest, we're joined from Tel Aviv by Bloomberg News reporter Simon Marx. Simon, good morning. What is the likelihood that we could see an extension given the number of hostages that have been released so far? Well, so far, the chances of this taking place seem to be making some good progress. Hamas has released a statement saying that in theory they would have greed to an extension, and Israel, for the whole way along this current truce, has said that it would be open to further days, So we're talking about ten per day for up to ten days. You know, diplomats in the city do expect that we will see one or two more days. It's a little unclear whether we're going to get to the full ten. But there is obviously a lot of pressure on the government of Benjamin Netta and Yahoo to continue the release of the hostages, with the families still campaigning and very vocal on this front. Yeah, that's happening on the outside. Talk a little bit more about as well, the behind the scenes pressure that's happening with Israel and Hamas to potentially secure a further ceasefire. Yeah. I think the main reason for this is that the international community would like to see more aid get into Gaza. Obviously, the strip has been pounded for weeks now, there's still at least one hundred thousand people in the north with very very limited access to any form of humanitarian care, and then in the south you've got over a million displaced people in you know, really devastating conditions. So there were two hundred trucks that managed to get over the border from Egypt on Sunday. There's been about two thousand in total. But the hope is is that increases a lot a lot more in the coming days. What's the feeling about whether there is enough aid going in right now and whether that aid could potentially be used to support Hamas. There has to still be that concern among the Israelis, right, Yeah, of course, And you know, this is part of the reason why the bureaucracy around getting trucks in, the checks and balances from the Israelis were so stern and and it's also part of the reason why getting aid in was actually difficult in the beginning. That it does seem in recent days to have opened up. There is this notion that, you know, if Israel is to continue its ground offensive against Hamas, that in return, they cannot be seen to be blocking eight you know, and flouting international humanitarian law. But yes, I mean Hamas fighters are spread throughout the Gaza Strip, and many people seem to think that they have a presence in the south too, where there are a lot of civilians. And that factors into a lot of the commentary that we're hearing from a particularly congressional Democrats in Washington, d C. That future aid to Israel might need to be conditioned on international humanitarian law being followed more stringently. How is that potentially factoring in to Israel's decision making when it comes to extending the pause in fighting or carrying on this war even further once whenever the pause ends, it does end well very much. So. Israel are extremely dependent on diplomatic and material support from the United States. Without that, I think, you know that the pressure for them to stop this war is going to mount. So far, we've seen a lot of pressure from Biden's administration to make sure Israel do allowed aid in, but there hasn't been you know, a stringent call for any longer term ceasefire. So it does seem that this green light essentially for Israel to go back in to the Gaza Strip once this truce comes to an end, is very much there, even though perhaps in some other corners of the world, particularly the Gulf and parts of Europe, obviously the pressure is mounting. But yeah, as we all know, the main bidder here is the United States. And as this pause continues, Simon, are there risks of other fronts opening while the pause goes on. I mean there's been sporadic fighting that we've been reporting on in the West Bank, as well as the back and forth over the Israeli Lebanon border. Yes, definitely. As you mentioned the West Bank, I mean just overnight there has been a report there were eight Palestinians killed in the West Bank in an air strike. The situation is very restive there that there is growing settler violence. Since October seven, Jewish settlers in the area have carried out way over two hundred attacks on Palestinian communities, and the Israeli army have also come down pretty tough on demonstrators and suspected sympathizers of Hamas. The population there in general feels like it's being occupied and oppressed, and that the Palestinian authority which runs the show there in some areas, isn't really representative of them. Obviously, if things continue in this direction, there's massive risks of it boiling over, and then, you know, I think beyond that, beyond Israel's borders. So far it has been more or less contained, but it is very, very worrying. We saw Israel strike the airport in Damascus not that long ago, targeting, yeah, targeting Iranian targets there. So clearly it's a it's a huge risk. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast be by six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven Priezero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg nine six in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa. Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, siriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Amy Morris. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) US Equities 2024 Outlook: The Double Dip 2) Falling house prices could worsen the crunch facing households when they come to refinance their fixed-rate mortgage deals, according to research from the Bank of England. 3) South Korea’s early trade data show exports are likely to maintain their growth momentum this month, continuing their rebound from a year-long slump and helping brighten the outlook for global commerce. 4) Republican ultra-conservatives are running out of patience less than four weeks after installing one their own, Mike Johnson, as House speaker, signaling turmoil ahead and heightened risk of a government shutdown in the new year.See omnystudio.com/listener for privacy information.

On today's podcast: 1) A temporary ceasefire between Israel and Hamas ahead of the release of hostages 2) New York Governor Kathy Hochul provides an update on the deadly Rainbow Bridge car crash 3) UK lender Barclays could reportedly slash 2000 jobs ahead of a revamped strategy See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Holiday Edition with Nathan Hager takes a look at some of the stories we're tracking around Thanksgiving. 1) What's in store for the energy space as OPEC+ delays its meeting?2) How are retailers faring as we enter the holiday shopping season?3) An update on some big antitrust cases, including the Justice Department's lawsuit against Google. 4) Plus, a look at the Ozempic effect on Thanksgiving dinner. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel and Hamas Agree to Short Truce for Hostage Release 2) Altman Returns as OpenAI CEO 3) Nvidia Investors Give Ho-Hum Reaction to Latest Growth Surge See omnystudio.com/listener for privacy information.

On today's podcast: 1) OpenAI said it’s in “intense discussions” to unify the company after another tumultuous day that saw most employees threaten to quit if Sam Altman doesn’t return as chief executive officer.  2) Microsoft Chief Executive Officer Satya Nadella signaled that he’d be open to Sam Altman going back to OpenAI, rather than joining his company as part of a surprise move announced over the weekend. 3) The leader of Hamas said his group was close to reaching a “truce agreement” with Israel via Qatari mediation in rare public comments that suggest talks over freeing some hostages held by the Gaza-based group are progressing. 4) Nvidia’s quarterly results could still exceed sky-high investor expectations thanks to strong demand for generative artificial intelligence.See omnystudio.com/listener for privacy information.

On today's podcast: 1) OpenAI co-founder Sam Altman is joining Microsoft to lead its AI effort after the board replaced him with Twitch’s ex-CEO, a stunning reversal for the widely respected tech-evangelist who helped jumpstart the artificial intelligence boom. 2) Israeli forces engaged in heavy fighting with Hamas in the northern Gaza Strip overnight as the US said it was optimistic about a deal to free hostages held by the militant group. 3) Elon Musk railed against “bogus” media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple Inc. 4) Rosalynn Carter, who broke new ground as an activist US first lady by attending her husband’s Cabinet meetings and leading a presidential effort to improve care for the mentally ill, all while raising a young daughter at the White House, has died. She was 96. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen, we begin with a wild weekend in the world of artificial intelligence. Less than seventy two hours after he was ousted at OpenAI, the company behind chat GPT, which he helped to create, Sam Aldman has now been hired by Microsoft. He's going to lead Microsoft's new in house artificial intelligence team. Bloomberg Original's host A Zimazhar, author of AI newsletter Exponential View, says Microsoft CEO Satya Nadella didn't waste time nabbing old men. Satya has moved very quickly to shore up the commitments he has made to his customers. Microsoft has made a big bet on open ai, and the technology was now powering so many Microsoft products, including their most premium office Suite through the co pilot that was sort of part supported by OpenAI. So I think this is a very very rapid move on his part to ensure that Microsoft can continue to be a leader in developing and deploying AI systems for enceerprises. Bloomberg Original's host A zim Oshar says Greg Brockman and open ai co founder who also left, is going to be joining Altman at Microsoft as well, and right now shares of Microsoft are hire by two and a half percent in early trading. Well, Nathan Altman was fired on Friday after the board of open Ai said they lost confidence in him as a leader, and Bloomberg's Rachel Metz says open Ai offered few clues as to the reasons for the departure. Open ai leadership has put out memos internally at the company, saying that the board hasn't said that there was any quote mal season or anything like that, so it's not totally clear what the board was initially even accusing him of doing when it got rid of him, and Bloomberg's Rachel Metz says open AI's board hired former Twitch chief Emitted Sheer as chief executive. Microsoft CEO Sunny and Adela said his company looks forward to working with Sheer and remains admitted to the open Ai relationship. Well Karen, Another big name in tech is in the news this morning for a very different reason. Elon Musk is defending himself after an anti Semitic furor has deepened. More on that this morning from Bloomberg's John Tucker, John and Nathan Musk posted on x that he is not anti Semitic and he wishes only the best for humanity. A backlash erupted last week after the head of Tesla and AX agreed with a post that said Jewish people hold a dialectical hatred of white people advertised there's like Apple and Walt Disney pulled away from Max. What we used to know is Twitter. The Financial Times Meantime reports that advertising executives privately urged X CEO Linda Yakarino over the weekend to resign in order to save her reputation. A Musk is a track record of promoting hate speech, but not everyone is abandoned Musk. Hedge fund manager Bill Ackman was among those who leapt a Musk's defense. I'm John Tucker, Bloomberg Radio, Right, John, Thank you now. To the latest. In the Middle East, the White House says a deal is as close as it's ever been for Hamas to release hostages in exchange for Israel foreing Palestinian women and children from its prisons. Deputy National Security Advisor John Finer says the agreement could involve a multi day pause in the fighting in Gaza. That would first and foremost enable the hostages to actually be released safely, but that would also make it much easier to both bring humanitarian assistance into Gaza and also distribute that assistance. John Finer at the White House spoke on ABC's This Week Heard Sundays on Bloomberg Radio. Israel also released video of a tunnel chef near the Alshifa Hospital in Gaza City. Rear Admiral and Daniel Hungary with the Israel Defense Forces says it proves Hamas used the facility as a command center. Hamas was hiding and murdering our hostages in Shifa Hospital. Hamas was building terror tunnels underneath Shifa Hospital. Israel's government also says around back who he wearbules and Yemen hijacked a cargo ship in the Red Sea, being a key global shipping route elsewhere globally. In Argentina, Karen libertarian outsider Javier Malay will become the country's new president. Malay's promising a radical shakeup to fix decades of policy mismanagement. Speaking to crowds in Buenos Aires, the president to like to stress the need for immediate action, promise the situation in Argentina is critical. The changes that this country needs are drastic. There's no room for gradual measure, and there's no way to say it. Long lived freedom. Javier Malay spoke there through an interpreter and also highlighted Argentina's critical economic condition in that address to supporters. Markets in Argentina are close today for public holiday. Well Nathan, the world mourning the loss of former First Lady Rosalind Carter, and Bloomberg's Ed Baxter has more on the passing of the wife of former President Jimmy Carter. Rosalind Carter has been a tireless humanitarian both during the administration and then after, also a mental health advocate of the First Order. Two years ago, she was asked what makes a happy marriage. She says, many different things, but trying to make each other happy every day and do things together. We're always looking to do things for fine things we can do together. She has been at hospice care. At Baxter Bloomberg Radio, All right, Ed, thank you, Let's get you caught up on some corporate news this morning. We're watching shares of bay Or. They are plunging more than twenty percent. The German pharma and agriculture company stop the main study of its top experimental medicine due to a lack of efficacy. Beyer also lost a key US trial against its we'd killer roundup. And Nathan chares at Julius Bear. They are down about ten and a half percent. The Zurich based bank warning it's full of your profit will probably decline. The firm says provisions for bad loans. Jumped futures on Wall Street are higher. SMP futures up a tenth of a percent, as our down futures. Nasdaq futures up two tenths of one percent. Treasury yield right now four point four to four percent. This is Bloomberg, all right, Nathan, Thanks, It's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. See me, Good morning, Good morning, Karen. Former President Donald Trump and Texas Governor Greg Abbott served Thanksgiving meals yesterday and an airport hangar near the southern border to nearly two hundred border officials who will be stationed on the border over Thanksgiving. Afterwards, the governor endorsed Trump's twenty twenty four bid for the White House. I'm here today to officially proclaim my endorsement for Donald J. Trump to be President of the United States of America again. Abbot praising Trump for his border policies and battle to New York Representative George Santos face is another resolution to expel him from the House after the Thanksgiving holiday, Ethics Committee member and fellow New York Republican Andrew Garbarino tells ABC News he was shocked by what the investigation uncovered. He took every opportunity of available to him as a candidate to really gain the system offer his personal benefit. I wish I knew it was gonna be bad. I didn't think it was going to be this bad. The House Ethics Committee released its report into what investigators described as quote a complex web of unlawful activity involving Representative Santo's campaign, personal and business finances. The major Los Angeles roadway damaged by arson more than a week ago, reopened way ahead of schedule yesterday evening. California Governor Gavin Newsom says the iten will be fully operational for this morning's commute, but the work continues when well we see those permanent fixes secured. That will be over the course of many weeks, maybe a few months, but that won't significantly impact the commute or impact the five lanes that are now open in both directions. A Lease are searching for a suspect in that fire. They're asking for the public's help. Airports across the country are bracing for record Thanksgiving travel this week. TSA expecting to screen thirty million passengers over the holiday. Thomas grab is in Detroit. He's flying to New Orleans, but he's not expecting big crowds at the airport while he's there. I'm not expecting delays because I'm leaving on Thanksgiving Day, so a lot of people try to leave before. Sunday after Thanksgiving is projected to be the busiest day, with an estimated two point nine million passengers. Take into the skies. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now. I'm Amy Morrison. This is Bloomberg Karen. All right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you wanted. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John Stashauer, John Karen. No one could have expected this late in the NFL season for the Detroit Lions to have the second best record in the league. They are now eight and two. It's their best start to season since nineteen sixty two. They come back in Detroit. The Lions trailed the Bears by twelve points with three minutes left. Lions came back to win thirty one twenty sixtyes fight an off day for their quarterback Jared goff k through three interceptions. The Cowboys are seven to three, a point defferential of plus one twenty seven, tied with Baltimore for the best in the league. Cowboys won easily at Carolina thirty three to ten, forty nine ers, also seven to three. Brock perty twenty one of twenty five, three hundred and thirty five yards three touchdowns, including the seventy six yard to Brandon Ayu. Forty nine Ers beat the Bucks twenty seven to fourteen. The game last night won by Denver a Russell Wilson touchdown pass to Courtland Sutton with a minute ago. The Broncos fourth winning a row twenty one to twenty over the Vikings, who saw their five game winning streak come to an end. Good one tonight. It's the eight and one Eagles and the seven and two Chiefs. It's in Kansas City. It's a Super Bowl rematch. Syracuse has fired it's football coach. Dino Babers. Had the job for eight years, went forty one and fifty five. So add Syracuse to the list of schools we'll be looking for a coach for next year. Aaron Nola has already pitched nine seasons for the Phillies and he is stained put. He was a free agent but re upped with the phil seven years, one hundred and seventy two million. The f one raised in Las Vegas won by Max vers Stapp, and he's already won the season championship. John stash Awer Bloomberg Sports. Karen all Right, John Stashauer, thank you well. Coming up on Bloomberg Daybreak. We are going to be speaking with our own Creedy Gupta. We'll be discussing that changes at open Ai and of course Sam Altman going over to Microsoft again. That's coming up with Crety Gupta, and then we'll get the latest on the war in the Middle East. We'll be joined by Israeli government spokesman Alon Levy ahead of those conversations, though, futures on the rise, with SNP futures up a tenth of ve percent, up about six points this morning. And this is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager on the end of what could be the end of a head spinning few days. Just keeping on top of what's been happening at OpenAI. It started with the sudden announcement on Friday that CEO Sam Altman was being ousted, then a tug of war between open AI's board and its biggest investors to try to get Altman back. Now the word this morning that Sam Altman and OpenAI founder Greg Brockman have landed at Microsoft, one of those biggest open Ai investors, to run Microsoft's in house AI team. Let's get more on all this now we're joined by Bloomberg's Critty Gupta. Did I sum it up well enough? There? Critty? You did? And yet there's still so much more to pack. I mean, this saga is so fascinating. Nathan. You mentioned Microsoft and Opening I clearly have a close relationship. Let's put some numbers on it. Microsoft has a forty nine percent stake in open Ai. But now I guess the question is, what do you do with that steak? If Sam Altmant and I believe it's been reported that half of the company's employees have followed him, are now going to be absorbed into Microsoft itself. But Nathan, I think we shop at the market moves here MSFT, your ticker hired by two point six percent off that news. Macro read through as well if you don't care about Microsoft specifically, Nasdaq futures popped on the news when they broke at about eight am London time, So again something to watch very closely, but also read through into alphabet Google shares goog down about one percent. Because now we are in direct competition with Alphabet's offering of their own AI platform, Deep Mind. So you are starting to see this become a true kind of competitive take between Microsoft and Alphabet when it comes to the AI, even more of an arms race potentially when it comes to artificial intelligence. And what does it say now when you have the leadership of open ai now in charge of Microsoft's in house team, and at least at the moment, Microsoft is saying they still want to have that relationship with open Ai. I mean can they? I mean, in theory they can because of that forty nine percent stake that exists. But I guess the question now really goes to words more and this is not my area of expertise and manly intellectual property and where the founding of it is. If you look at the makeup of the board of open Ai, the board that ousted Sam Altman, by the way, it's made up of basically the brains behind chat GPT, you're chief scientist for example, that Sam Altman was notably at odds with even Mira Marati, she was the chief technical officer over at open Ai before she became interim CEO. She's been advocating for Sam to actually come back to the board, but other members of the board include experts in tech who were actually able to help create it. There is a thought out there that perhaps Microsoft would want to kind of not only create their own AI team, but also have that exposure to whatever it is open Ai takes on next, especially under their new leadership of the former Twitch CEO Emmett Shecher. All right, Bloomberg's Critti Gupta will be checking back with you as we continue to monitor developments with Sam Altman, now former CEO of open Ai, landing at Microsoft to lead their artificial intelligence team. Now, we want to turn to the Middle East, where Israel and Hamas are said to be closer than ever to reaching a deal to free hostages taken in the October seventh attack that's set off the war in Gaza. That would be an exchange we're told for a multi day pause in the fighting for more. We're joined now by Israeli government spokesman Alon Levy. It's good to have you back on with us here on Bloomberg. Alon, can you give us any further clarity on where things stand on these hostage talks? Israeli society is, of course sick with worry for the fate of our two hundred and forty hostages, including thirty children. I really do mean sick with worry. People aren't sleeping properly. We're doing everything we can to bring them home. You'll understand that I can't comment on sensitive negotiations that are ongoing because human lives hang in the balance. We hope to bring these people home, but the less we say the better. At this point, are you hoping to get all the hostages back? How would it work in terms of the number of hostages that could be returned, and what would that mean for the progress of the war. We have two goals in this war in response to the October seventh massacre. The first is to totally destroy Hamas's governing and terrorist infrastructure inside the Gaza strips so it can never pose a threat to our people again. And the second is to bring all of our hostages home. That is the goal of this war. We hope that they will be brought safe and sound. Unfortunately it's been too late for some of them. Corporal Noah Marciano, age nineteen, was a female soldier. Yesterday we revealed that she was executed by Hamas on the grounds of the Shifa Hospital. We're doing everything we can to get the rest of the hostages out, including the thirty children, including the ten toddlers under the age of five. We're sick with worry for them. We're demanding their immediate and unconditional release, and we're calling on the whole world to put all possible pressure on Hamas and its supporters. There is no excuse for abducting babies from their beds and holding them in communicado for forty five days in a dark tunnel somewhere. To your point about Hamas reportedly using that hospital or Shifa Hospital as an execution point four hostages, that raises the question once again about whether Hamas used that hospital itself as a command and control center. I know the Israeli military has a released video that shows tunnel shafts near that facility. Does that prove that Hamas used that facility as a military post? All the people who've spent the last few days pretending that the Hamas terror tunnels were the next Saddam WMD's look very silly now that the evidence has come to light. Last night, the IDF released footage of a tunnel that stretches. The shaft stretches ten meters underground on the grounds of the Shifa Hospital. It then extends for fifty five meters until you reach a blast door with a gun hole in it. Now, I don't know whether you've ever seen a blast door with a gun hole in an underground tunnel in hospitals near where you are. We certainly don't have them here in Israel. And that's in addition to the evidence that Hamas used the Sheifa Hospital on October seventh in order to hold hostages. Yesterday, we released CCTV footage from inside the hospital showing two hostages, anpoorly and a Thai citizen by the way, being manhandled into the hospital. One of them doesn't appear to be wounded at all, and he's being dragged in by terrorists with a meat kleaver and with guns. The evidence is there for all to see. Unfortunately, the World Health Organization, none of the other UN agencies that have for many years been covering up for Hamas, have found the moral courage to condemn Hamas's use of hospitals as human shields. And we're demanding full accountability from these agencies that most probably knew and said nothing and still continue to say nothing. Obviously, we in Israel are suffering from this deep systemic rot in these international institutions, but they're failing the global community as well when something like terrorists using hospitals as a command center is something that they cannot go on the record and condemn. And to that point, Alon, there has been the concern raised as well as you alluded to, from the World Health Organization, the United Nations, and now the United States about the risk of civilians, non combatants, being casualties. Now, with the fighting moving into hospitals and into schools as well, how can you minimize the risk of further civilian casualties in this conflict. We are targeting Hamas everything we can to get civilians out of harm's way. Unfortunately, on October seventh, Hamas declared war on us with the brutal October seventh massacre, and it chose to fight that war from within densely populated areas. You know, Hamas's whole strategy is based on human shields. It sounds evil, it sounds cynical, and that's because it is. Hamas has spent sixteen years embedding itself under civilian areas so that it can hide behind women and children. And as our soldiers have gone through the Gaza Strip, we have uncovered tunnel shafts underneath a child's bed. We found missiles in the compartment under a girl's mattress. We found rocket launchers with the cables leading into clinics and mosques. And we've spent the last month urging civilians in northern Gaza to get out of the way because the fighting is going to get dangerous. Because Hamas is trying to put them in harm's way. We're trying to get them out of harm's way. That's why we've been securing humanitarian corridors for people to leave. Our own soldiers have been shot at by Hamas terrorists with RPGs as we try to secure your safe passage for Palestinians to leave. And I have to say it's tragic that Israel has been urging an evacuation since October thirteenth because the fighting is going to get dangerous, and UN agencies resisted and said that couldn't happen. And now the World Health Organization has finally come around to Israel's way of thinking that that hospital has to be evacuated to keep people safe. It took thirty eight days, and we hold the World Health Organization complicit with Hamas's human shield strategy and with any loss of life that has taken place in that time because of its gross negligence, because it dragged its feet and refused to facilitate an evacuation before the ground offensive, and is now demanding that Israel complete that evacuation under fire, something we will of course continue to do because we don't want to see civilians heard we want to go after Hamas. In the last couple of days, Alon, we have heard that this war is moving into a new phase now with the fighting going on into hospitals. Can you explain more what the new phase of this war means. Is the fighting going to move further into southern Gaza. Israel is now operating deep inside Gaza City. We're striking at Hamas's control and command centers, and the Israeli Army Chief of Staff said just at the end of last week, we're approaching the end of our campaign in northern Gaza to root out Hamas infrastructure and will turn to the rest of the Gaza Strip. Our response to the October seventh massacre. To that horrific terror attack when twelve hundred people were butchered, massacred, tortured, mutilated, burned, alive, raped in the most brutal way imaginable, is to eliminate the terror organization that did that and is openly promising in interview after interview to do another October seventh, and another October seventh, and as many as it takes until they murder every man, woman, child in our country. This war must end with the total eradication of Hamas. And we know that we stand shoulder to shoulder with the Free Nations, with President by And in the United States, who wrote in the Washington Post yesterday, this war must end with the total destruction of Hamas. This war cannot end with Hamas free to reoffend, because if this war ends with Hammas still in power, it will perpetrate more atrocities against our people. It's a genocidal terror organization that openly says it wants to murder every person in this country, destroy the state of Israel, and we will not let it. This was the straw that broke a very strong camel's back, and this war will end with the end of Hammas. Thank you for joining us. Alon, I hope we can reach back out to you in the days to come. That's Alon Levy with us this morning, spokesman for the Israeli government. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg daybreakSee 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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) Earnings continue...one big company reporting this week is Nvidia. According to Bloomberg Intelligence...Nvidia is likely to report another beat in its fiscal 3Q earnings results and guidance. 2) In the UK: Chancellor of the Exchequer Jeremy Hunt likely has limited scope to ease fiscal policy in his upcoming Autumn Statement. Bloomberg Economics expects near-term growth and inflation impact of the Autumn Statement will be broadly neutral. 3) In Asia: The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal to combat the fentanyl crisis marks an unusual concession to Beijing’s complaints over US trade restrictions.  4) In Washington: President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year. Full transcript: See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year. 2) Gaza’s telecommunications services stopped Thursday after providing companies said the fuel used for generators had been depleted, the United Nations Office for the Coordination of Humanitarian Affairs said. Syria’s aerial defenses intercepted some Israeli missiles that were fired against targets in Damascus, state-run Sana news agency reported. 3) Alphabet Inc. Chief Executive Officer Sundar Pichai said he expects China to be “at the forefront” of artificial intelligence, and said it’s important for the US to collaborate with the Asian nation on both regulation and innovation. 4) Embattled New York Republican George Santos announced he will not run for reelection to his seat in the US House.  The news came just after the GOP chairman of the House’s ethics panel called Thursday for Santos’s expulsion following a committee investigation that found “substantial evidence” the New York Republican violated federal criminal laws. 5) Cincinnati Bengals lose QB Joe Burrow with sprained wrist in loss to Baltimore Ravens. Ravens TE Mark Andrews is also injured.  Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. President Biden has ended the immediate threat of a government shutdown. He has signed a temporary spending bill that extends government funding into early next year. Bloomberg's Amy Morris has the details from Washington. President Biden signed the legislation yesterday while in California for a summit of APEC leaders. The bill maintains existing funding levels and pushes a fight over the federal budget into the new year. When Housublicans say they will push for stiff spending cuts. It splits the deadlines for passing full year appropriations bills into two days January nineteenth for some federal agencies February second for others. This short term package allows lawmakers to regroup over the Thanksgiving holiday while talks continue on spending in policy agreements in Washington. I maye more as Bloomberg Radio, Sorry, Amy, thanks by the stopgap bill does not include funding for Ukraine and Israel. In fact, new usaid for Ukraine risks slipping to mid December and maybe longer, casting doubt on Washington's ability to keep up the flow of weapons that both the Biden administration and the Ukrainian governments say is vital as soon as Congress could complete negotiations and pass new Ukraine assistance his mid December, nearly two months after President Joe Biden first requested sixty one billion dollars for the country in its war against Russia. Well, now, Karen, let's turn to the latest on the war in the Middle East. Israeli Prime Minister Benjamin Natanyahu is defending his country's raid on the Alshifa Hospital in Gaza City. He says, Israeli troops uncovered a Hamas command center underneath the facility. We had concrete evidence that there were terrorists chieftains and terrests. There are terrorists minions in the hospital, and in fact they fled as our forces approached. They fled. That's why we had no firefight. We entered that hospital with Arabic speaking Israeli doctors with incubators and we had no firefight. But Hamas was using the patients in that hospital as a human shield. Prime Minister n Antanyahu spoke on the CBS Evening News. Meanwhile, the Israeli military says it has taken control of Gaza's harbor. People in the southern city of Conyunis say Israel has dropped leaflets telling them to seek shelter and sirius as it's intercepted some Israeli missiles aimed at targets in Damascus. Well back in the U, asked Nathan. The Asia Pacific Economic Cooperation some it is wrapping up in San Francisco, and we're learning more about President Biden's deal with China's Sheshin Ping to crack down on Fentanel. The White House agreed to remove a Chinese organization accused of human rights abuses from its sanctions list change for Beijing's WHO operation about an administration official tells Bloomberg taking the Institute of Forensic Science off the Commerce Department's entity list was the only way for the US to make progress on the Fentandel crisis, and at the APEX Summit, Karen the CEO of Alphabet, said he expects China to be at the cutting edge of artificial intelligence development. Speaking with Bloomberg, Soon Darpshai warned the world's two biggest economies will have to work together on developing a framework for AI. My senses, there is no way you make progress over the long term without China and the US deeply talking to each other on something like AI. So I think that has got to be an integral part of how you make progress. So I think I'm glad to see it, and you know, we have to lay the foundations. The good thing is we are still in early days of the technology. Alphabet CEO Soon Darpuchai's comments come after business titans including Apples, Tim Cook, and Black Rocks Larry Fink, attended dinner with China's president on the sidelines of the APEC summit. Well, Nathan, we're seeing fall out this morning from Elon Musk's endorsement of an anti semitic social media post. A Tesla investor is calling for must to resign, and IBM has now suspended its advertising on X because of the proximity of its ads to Nazi posts. Bloomberg's Ed Baxter has the story. This comes amidst a swirl of controversy surrounding X and Elon Musk. In the past couple of days, watchdog group Media Matters reported out that IBM, Apple Oracle, Exfanity, and Bravo all had a placement. IBM opted off, saying IBM has zero tolerance for hate speech and discrimination. Meanwhile, the White House has reacted to a Musk post so that it says is anti semitic. NC spokesman John Kirby, we certainly abhorror comments that are anti Semitic in tone and certainly don't associate ourselves with the comment. Musk endorsed a post that said the Jewish community pushed hatred toward whites in San Francisco. I'm at Baxter Bloomberg Radio, okay, and thank you. Moving to mark It's now we're watching shares of applied materials in the pre market. They're down more than seven percent. Reuter's is reporting the largest maker of chip making machinery in the country is facing a criminal investigation for allegedly violating export restrictions to China. The report says the Justice Departments looking at whether Applied Materials sold hundreds of millions of dollars of equipment without the proper licenses. And Nathan, the escalating fight between the US and China, where technological dominance has triggered one of the most stunning reversals of corporate strategy yet. Ali Baba Group has walked back plans to spin off in list it's eleven billion dollar cloud business. Ali Baba shares dropped nine percent yesterday, wiping out more than twenty billion of market value. On the flip side, Karen Watching shares of Gap they are hired by more than eighteen percent. The retailer reported third quarter profit that exceeded forecast. Same store sales fell for a fourth straight quarter, but that decline was less than expected. Stronger results at Old Navy, GAP's biggest brand offset weakness at Athleta and Banana Republic. Crude oil has collapsed into a bear market Nathan. It's down twenty percent from its September high. CRUs run of four straight weekly decline so long as losing streak since May has come despite collective and voluntary supply cuts by the Organization of petroleum exporting Countries and its allies. The losses have also been embedded by the evaporation of an Israel Hamas war risk premium as fears the conflict would expand and disrupt oil supplies have so far not materialized. And it's time now for a look at some other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. The pressure is building for New York Congressman George Santos to resign or face expulsion. It follows a scathing House Ethics Committee report. Bloomberg's Nancy Lyons has that story. Committee Chairman Michael Guest says the evidence uncovered in the House investigation is more than sufficient to warrant punishment, and he plans to file an expulsion resolution. Wisconsin Republican Congressman Brian stone File tells Bloomberg's sound on the findings are alarming. The illegal actions that are set forward in this report are incredibly concerning. The report alleged Santos used campaign money to pay off his personal bills and to make luxury purchases. Santos responded to the report saying he would not run for reelection in Washington. Nancy lyons Bloomberg Radio and that expulsion resolution Nancy was talking about is expected to be filed by nine o'clock this morning in Washington. A New York appeals court says the gag orders imposed on Donald Trump by the judge in the state's civil fraud trial against him are unconstitutional, and the restrictions were put on hold pending for their arguments. The decision is a major win for Trump, who has publicly lambasted the judge overseeing the case and accused him of frampant bias. This is just one of six trials Trump is facing as he seeks re election. California officials say a section of Interstate ten in Los Angeles that was damaged in a fire last week will reopen earlier then expected. Governor Gavin Newsom's said the mile long stretch of interstate will be open to traffic again weeks ahead of time after the state doubled the crews working on those repairs. One thing we can guarantee you is we will be opened five lanes in both directions at the latest Tuesday of next week. Fire officials say the fire was deliberately set in an arson investigation is ongoing. Secretary of State Antony Blincoln yesterday signed a civil nuclear cooperation agreement with the Philippines. At the signing ceremony, Secretary Blincoln said it is part of the US support for clean energy projects there with the Philippines leadership, we're also working together to develop a nuclear energy sector in their country to fuel a reliable, secure, and affordable clean energy future. The agreement allows the US to legally export nuclear equipment and material to the Philippines for peaceful uses. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen, all right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg. But now, as Amy said, you can get the latest news on demand whenever you want it. To subscribe to Bloomberg News Now to get the latest headlines of the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. It is time now for the Bloomberg Sports Update, and here's John stash Hour, John Karen. Big game in the AFC North the kickoff week eleven the Bengals and the Ravens. They both had four game industries come to an end this past Sunday. All the More started things off with a seventy five hour touchdown drive. The Ravens then trailed in the second quarters. Edwards in the backfield. Lamarta throw fires down the middle, It's deflected at part, have a reflection Milsan Hagalore twenty fifteen come bo. Heflected for six. Hagle a deflection rave into the end zone Wbal. About a minute a half later, another Lamar Jackson TD passed. The Ravens beat the Bengals thirty four to twenty. Baltimore's eight and three and in first place. Cincinnati is just five and five and in the last place NBA and Miami. They he won their seventh in a row. Jemmy Butler scored thirty six in a win over Brooklyn. Oklahoma City made it five to last six, winning one twenty eight one to nine at Golden State. The Warriors have lost five in a row. They're just one and five at home. They went thirty three at and eight at home. Last year. They rode out the injured Steph Curry and without the suspended Draymond Green. MLB owners approved thirty to nothing in the move of the Oakland A's to Las Vegas, and they waive the relocation fee. The A's will be in Oakland in twenty twenty four, but the plan is to beat a new stadium in Vegas by twenty twenty eight. It's unclear where they might be playing in between. It's the first time an MLB team has moved in Montreal. Expos went to Washington in two thousand and five. Baseball has given the twenty twenty five All Star Game to Atlanta, who had it taken away after that voting law was passed in twenty twenty one. John Stasha our Bloomberg Sport from coast to coast, from New York to San Francisco, Boston to Washington, d C. Nationwide on SYRIASXAM, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg daybreak, Good morning, I'm Nathan Hager. China will be at the forefront of artificial intelligence. That's what the CEO of Alphabet soon Dar Pashai, is saying. He says it is important for the US to collaborate with China on both regulation and innovation when it comes to AI. Pieshai, along with executives from Microsoft, City Group and Tesla, have been meeting with Chinese President Shi Jinping and US President Joe Biden at the APEX summit in San Francisco. After those meetings, the Alphabet CEO joined Bloomberg's Emily Chang and told her the world's two biggest economies do need to work together on AI regulation and development. It's not going to be easy, but I would start from this PREMI is that AI will proliferate, So this is not the inherent nature of software. AI advances will get out to in all countries, and so it is naturally the kind of technology. I don't think there's any unilateral safety to be had. We all have a shared incentive to solve for safety. You know, you could have AI go wrong in one country that will impact every other country. So in some ways, it's like climate change. In the planet. We all share a planet. I think that's true for AI. So now that you know that that will be true, I think you have to start building the frameworks globally to make progress. I've seen encouraging progress when the G seven happened in Hiroshima, I think it was a good start. You've seen more progress the Uki summit last week. The administration here, the White House has been leading the way as well, and I saw good encouraging announcements even yesterday for US in China to start having a dialogue on AI, well, that was my next question. Should Chinese regulators be part of this conversation on AI regulation? My sense is there is no way you make progress over the long term without China and the US deeply talking to each other on something like AI. So I think that has got to be an integral part of how you make progress. So I think I'm glad to see it. And you know, we have to lay the foundations. The good thing is we are still in early days of the technology, so laying the foundations now will allow us to work through the tough issues and build a common framework over time. How do you think AI? And obviously the US presidential election coming up as well. How do you think AI is going to further test election integrity? I think you know, over time, it's going to lower the barrier for creating you know, artificial information which may or may not matror what's happening in the real world, right, and that barrier will come down. So in this cat and mouse game, how do we amp up our defenses against that. We are in early stages, right. You know, we were one of the first companies to announce a water marketing technology for image generation. It's called Synthide, done by deep Mind, and we are providing API access to it. But all of us need to tackle it. These are areas where regulation will have to play a role, right. I think governments will have to overtime pass regulations about what is okay for you some of this synthetic content and so, which is why I think you have to think about it together. Open AI CEO Sam Mollman has said repeatedly he wants to know more about what's happening with AI in China. What do you know and what do you not know about where China is on AI. From what I can tell, they're making deep investments in AI. The scale of AI research talent in China. It's just simply astounding to see. So I think, you know, in some ways this question, China is going to be at the forefront of AI, and you know, I think that's a given. And so the question is how do we work over time, both for you know, other countries to make sure you're making progress in AI and over time, how do we develop the frameworks where you know, countries can coexist peacefully in a world in which AI will be you know, everywhere. You know, President Biden actually just said he doesn't see the USD coupling with China, but the world does seem to be on a path to two separate internets. Do we continue in that direction? And what does that mean? It's tough to say. You know, things go through in phases. I think we are definitely in a phase where there are more forces pulling it apart. But you know, inherently these technologies also facilitate easy exchange of information, so I think there are countervailing forces as well, So I think it's tough to predict. I do think information wants to flow freely by nature, So you know, my hope is over time, you know, thanks to couple back again. This is Bloomberg Daybreak today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Presidents Joe Biden and Xi Jinping emerged from their first meeting in a year betting that a handful of small victories will arrest a surge in US-China tensions that has unnerved neighboring nations and threatened global economic growth. 2) President Joe Biden said he still believed his Chinese counterpart Xi Jinping was a dictator, casting a shadow over what both sides had characterized as their most productive meeting to date. 3) The US Senate overwhelmingly approved a temporary funding measure to avert a government shutdown, delaying a partisan clash over federal spending until the new year and leaving out emergency aid to allies Ukraine and Israel. 4) The Cleveland Browns announce QB Deshaun Watson is out for the season. Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the high stakes meeting between Presidents Joe Biden and she Jinping. They met for more than four hours on the sidelines of the APEX summit in San Francisco. President Biden called his discussions with China's leader some of the most productive he's ever had. I've been meeting with President Sheeshu's both us for vice president over ten years ago. Our meetings have always been canda stradeforward. We haven't always agreed, but they've been straightforward, and today build on the groundwork related over the past several months of high level diplomacy between our teams, We've made some important progress, I believe, and President Biden's words were echoed by President she China is ready to be a partner and friend of the United States. The fundamental princippos that we follow in handling China US relations are mutual respect, peaceful co existence, and wing wing corporation. China's president spoke there through an interpreter, but after the gathering, President Biden was asked whether he still considers China's leader a dictator. Look, he is. I mean he's a dictator in the sense that he is a guy who runs the country. That is collin Cocu based on formagart totally different than ours. And after President Biden's remark, China's Foreign ministry called the statement extremely incorrect and irresponsible political manipulation. Well Nathan asked for the actual meeting, Both Biden and Shi jinping Is say they reached a number of agreements. Bloomberg's ed Baxter has that part of the story, as well as fentanyl. High on President Biden's list is opening communication between the country's militaries. We're reassuming military to military contact direct contacts. As a lot of you press know follow this that's been cut off and it's been worse, and that's how accidents happened. Biden also saying the two agreed on finding ways to control ai Biden also says he was assured that China has no plan to invade Taiwan. Now. She did say that he told Biden that the US should not have plans to suppress China and also ask for sanctions to be removed. In San Francisco, I'm at Baxter Bloomberg Radio, and thank you. Some of Wall Street's elite attended dinner with Si Jinping. Black Rocks Larry Fink and Stephen Schwartzman of Blackstone were among the top executives seated at the Chinese leader's table, according to a program seen by Bloomberg News. Other big names and attendance were Apple's Tim Cook, Bridgewater associates Ray Dalio, and Pesla says Elon Musk also met with President she yesterday. Well Nathan some major developments out of Washington to avoid a government shut down. In a late night vote, the Senate overwhelmingly approved the House's short term spending bill. Bloomberg's Amy Morris reports from Washington. President Biden is expected to sign the bill that will extend government funding at current levels through two deadlines, one in mid January, the other in early February, but the bill did not include aid for Israel nor Ukraine. Senate Majority leader Chuck Schumer says that will be lawmaker's next priority after the holiday break. Both sides genuinely care about approving aid to Israel and Ukraine and helping innocent civilians in Gaza, so I hope we can come to an agreement even if neither side gets everything they insist on. And now the risk of partial government shutdown moves to January as House Speaker Johnson faces criticism from within his own party because he did not include deep spending cuts or changes to immigration policies. In Washington, Amy Morris Bloomberg Radio, Thank you. We now turned to the latest developments in the war in the Middle East. The Israeli military says it found a Hamas command center, weapons and technological assets at the Alshifa Hospital in Gaza City. Middle Eastern countries, including Jordan and Turkey, have condemned the raid. Israeli Prime Minister Benjamin Netanyahu, speaking through an interpreter says he makes no apologies for sending troops in. But we were told that we would not reach the outskirts of Gaza city. We arrived. We were told that we won't end to Shifa, but we entered, and in this spirit we say simple thing. There is no place in Gaza that we will not reach. Prime Minister Natanya, whose comments come as The Washington Post reports discussions are underway on a potential deal that would see Hamas free fifty women and children hostages in exchange for an extended pose and fighting, and the release of some Palestinians held in Israeli prisons. Well, Nathan, we turned to the markets now, and shares of Cisco plunging, the drop coming after it gave a disappointing forecast. We get more from Bloomberg's Doug Prisner CEO Chuck Robbins, who's trying to rea doue Cisco's dependency on one time sales of equipment by pushing deeper into software and services such as security. But the transition isn't complete enough to cushion Cisco from smaller corporate budgets, and the company is now projecting the weak environment. Will Linger because customers are taking a break from new orders to installed gear they've already received. In New York, I'm Doug Prisner, Bloomberg Radio. All right, Doug. Thanks, and Cisco's shares are down nearly eleven percent in the pre market. Earnings continue this morning, with the nation's biggest retailer reporting. Get a preview of that from Bloomberg's Tom Busby. Walmart's expected to report that sales growth slow to four percent last quarter. That's less than half the pace from just a year ago as consumers pulled back on their discretionary spending, but sales of food and healthcare products should be resilient and outpaced demand for that general merchandise adjusted ernis per share estimated to be a dollar fifty two total revenue of one hundred and fifty nine point one three billion dollars. Tom Buzby, Bloomberg Radio, all right, Tom, Thanks. Well. In Europe, shares a Berber down almost nine percent. The UK luxury retailer is warning this year's revenue target maybe out of reach after sales barely grew in the most recent quarter. And Karen, we have a big deal for chocolate lovers this morning. US Candy company Mars, has agreed to buy the UK's Hotel Chacalott Group for more than six hundred and sixty million dollars. That price tag represents one hundred and seventy percent premium to Hotel Chachalot's closing price yesterday. All right, Nathan, thanks, it's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. US. Capitol police officers say one person was arrested following protests outside Democratic National Convention headquarters in Washington, DC as part of a pro Palestinian rally. Protesters got into a shoving match with Capitol police officers that arrest being made for assault. Six Capital officers also suffered minor injuries. Pepper spray was used on protesters and DNC members were evacuated. Billionaire Elon Musk endorsed an anti Semitic post on x the social media site that he owns, that attacked members of the Jewish community for pushing dialectical hatred against white people. Musk said in his reply to the post, quote you have said the actual truth. Musk has repeatedly been criticized for promoting content attacking Jewish people at a time of rising anti semitism. After a year of strikes in Hollywood and the auto industry, now it's Starbucks turn. The union representing thousands of Starbucks workers is staging a one day walk out today, coinciding with the Red Cup Day. It's one of the coffee chain's busiest days of the year. Daisy feederspiel Bayer is a supervisor in Seattle. I really wish that I could be in there serving you coffee. I do, but with the drastic understaffing and the toll that that takes on our barista's Unfortunately, we have to push for better and we aren't getting that from Starbucks right now. Starbucks Workers United represents nine thousand employees at three hundred and sixty stores. They want better wages, benefits, and the right to bargain. The Thanksgiving travel rush is about to begin. Bloomberg's Nancy Lions with the latest The Transportation Security Administration says the official travel window lasts twelve days, beginning Friday and running through to the Tuesday after Thanksgiving. During that time, the TSA expects to screen twenty eight million passengers. John Bush is Federal Security Director for the TSA. The best tip we can offer is to ask everyone to arrive early for your flights. The recommendation is always two hours before domestic flight three hours before an international flight, and that's going to be even more important this coming holiday weekend. Bush says they do have the staffing and the technology in place to ensure that everything runs smoothly. In Washington. Nancy lyons Bloomberg Radio Global news twenty four hours a day and whenever you want it with Blueberg News Now, I maybe Morrison, this is Bloomberg Karen Amy. Thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour. John Daren should be a good Thursday night game to kick off Week eleven in the NFL. It's an AFC North battle between the Bengals and Ravens in Baltimore. Both teams at four game winning streaks come to an end this past Sunday, losing right at the end of their game. Cincinnati beaten by Houston, and the Ravens blew a two touchdown lead and lost to Cleveland. The Baltimore quarterback is Lamar Jackson. Every game is a musk win for us, you know, not just cousin is in a division game, but we we definitely, I believe our team is definitely a lot hungrier just for more happened Sunday in a division loss in the closed game. We definitely hungry as well. So the Clinton Browns had that big win in Baltimore, led by their quarterback Deshaun Watson. He was fourteen to fourteen of the second half. He battled an ankle injury, and yesterday it was learned that his season is over because of a fractured shoulder. He needs surgery. He's had shoulder problems before. Justin Fields has been out three games with the thumb injury in Chicago. He's expected to return on Sunday NBA in Philadelphia, Battle in the East and the Celtics beat the Sixers one seventeen to one oh seven. Facing Tatum led the way twenty nine points, eight rebound, six assists. The Celtics are nine and two. The Sixers were eight and one. They've now lost their last two. Milwaukee beat Toronto for the new Buck Damian Lillard thirty seven points thirteen assists. The Wizard struggles continue a home loss to Dallas one thirty to one seventeen. The MAVs are nine and three. The Wizards are two and none. The Knicks but one by two in Atlanta. John stash That were Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We've made some important progress. We heard those words from President Biden after his first meeting in more than a year with the leader of the People's Republic of China, Shi Jinping. President says two leaders are restoring military to military communications and they plan to keep talking at the highest levels in the United States, will continue to compete vigorously at the PRC, but will manage that competition responsibly so doesn't veer into conflict for accidental conflict. That was President Biden after his more than four hours sit down with China's leader on the sidelines of the APEX summit in San Francisco, and joining us with more from Singapore is Berg News Managing editor Derek Wallbank. Derek, it's good to have you back with us this morning. Going into these talks, the White House said just talking would be a deliverable. What kind of deliverables can we say We're gleaned from this gathering between Presidents s Biden and shape Well, Nathan, they certainly talked. You know. Yeah. It's funny because in that relationship here, we've seen ebbs and flows between real, real static, real problems, and and times when it has seemed maybe a little bit sunnier, maybe a little bit more placid. I borrow an observation that Singapore's Foreign minister made last week at the Bloomberg New Economy Forum here in Singapore, which was that you shouldn't on US China relations confuse weather with climate. Things might look a little bit more peaceful right now, certainly in the face of this meeting that seemed to go mostly okay, But the for all climate of the US China relationship is still one with a lot of tension points. There were not major fundamental issues resolved here. This is not like we have a giant breakthrough on Taiwan, for example. So so whether a little bit nicer climate overall still very much progressing in the in the in the ways that it was sticking with the weather analogy, I guess maybe one dark cloud in that otherwise sunny gathering could be that question that the President received from a reporter when asked whether he still considers China's leader a dictator, and he basically said yes, he did, he said, he said emphatically yes. And and look, this is one of those things where China does take offense to this. You know, they don't like the term, they don't like it being used about them. But at the same point, the thing I think that bears watching is whether or not China blow it up into a whole big thing and says, right, well, this is some offense and we want to change the tenor of our leader to leader engagement or the relationship more broadly, it doesn't initially seem like that is happening. Remember Joe Biden said this before, and we're still on a path where they've gone to me, she went to the United States. That's actually something that's a big symbol for this meeting. So I'm not sure that that's necessarily going to derail everything here. Where I think it's much more likely if you were looking for risk problems is to look in the South China Sea, specifically off the coast of the Philippines, and some of the territorial disputes that are there, some of the trade disputes that are there. Those are places that I think are potential fracture points. But look, if you're sitting there saying are things a little bit better in the relationship between China and the US than they were this time yesterday, the answer is yes, they are a little bit better. You're going to see maybe some small tangible things including possibly, let me say, you might see some pandace come back to the US. We did hear that mentioned right by the leader of China. But when it comes to those small steps in our last minute here, Derek, what are some of the broader issues that could still lead to some of these overarching tensions that we do continue to see between the US and China. Well, I think, you know, on the good side, you've seen that the US and China are trying to do a little bit more on reducing fentanyl. On the good side, you are seeing Biden said they're agreeing to talk a little bit more military to military, and Biden said that they had an open line between the two of them. If one calls the other, they'll pick up the phone. But I do think on that broad thing, that the broad issue of trade, the broad issue of of China's state craft and military ambitions, those are real fracture points, and those are as I say, structural climactic fracture points, and that's going to be something that these two countries are going to have to very carefully manage going forward to make sure that they don't actually escalate. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israeli troops entered Gaza’s Shifa hospital compound as part of a “precise and targeted operation” against Hamas that runs the risk of intensifying international ire if it causes more civilian casualties.  2) President Joe Biden and Chinese counterpart Xi Jinping’s carefully choreographed, much-anticipated sitdown on the sidelines of the Asia-Pacific Economic Cooperation summit kicks off Wednesday at the Filoli estate south of San Francisco. 3) House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. Full Transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin in the Middle East, where Israel is now carrying out a raid on Gaza's main hospital, Alshifa. The Israeli military calls it a targeted and precise operation against Hamas, but it could add to growing concerns among allies about civilian casualties. Sources tell Bloomberg News the White House is getting more frustrated with Israel's handling of the war and ignoring what the Biden administration calls difficult conversations. But Israeli government spokesman Alon Levy says he is still confident of US support. Israel and the United States a completely in lockstep on the goals of this operation, which is that Hamas must be defeated. President Biden has been very clear from day one. We have been very grateful to him for his moral, material and diplomatic leadership in saying that Israel has every right and every duty to go after Hamas and destroy that terror group and eliminate that threat. That is the only way we can make sure another October seventh massacre doesn't happen. Alon Levy tells Bloomberg Radio Israeli troops are delivering medical aids of the hospital. He says this operation won't be the end of Israel's war with Hamas well. Nathan al Shifa Hospital has now been without power and water for days. Manir al Bersh is from the Hamas run health ministry, and he says newborns are being moved to improve their chances because of shortage of electricity. They have gathered them all and put them on those bids together so that they can have some more tem bricher. You know, the winter is getting inside now Gazza. Without having a proper temperature for them. They immediately die. The UN says only one hospital in northern Gaza is still operational at a minimum level. Back here in the US, Karen, we're following another major story this morning. The threat of a government shutdown is easing. The House has passed a temporary funding bill, and we get the latest from Bloomberg's Amy Morris in Washington. It is a two part measure that would fund some parts of the government through January nineteenth and others through February second, which sets up the possibility of another shut down deadline on Groundhog Day. Democrats bailed out the Republican House Speaker Mike Johnson, whose plan drew opposition from hardliners in his own party because it doesn't cut government spending nor change border policies, and it also doesn't include aid for Ukraine nor Israel. But Senate Democrats are expected to back it anyway. They'll need the cooperation of all senators to meet the Friday night deadline when federal funding lapses. Shington I ma Any Moore is Bloomberg Radio right to me. Thank you well. We are just hours away from the highly anticipated meeting between President Biden and Chinese leader Shi zhen Ping. Their schedule to meet on the sidelines of the Asia Pacific Economic Cooperation Summit in San Francisco. Bloomberg said, Baxter has a preview. It will be the first meeting in a year. She was greeted here by Treasury Secretary Janet Yellen and Governor Gavin Newsom. Students line in the streets waving Chinese flags, and President Biden says communication here is key. We're not trying to decouple from China, but we're What we're trying to do is change the relationship for the better. Biden did say President she needs to ease the criteria for US companies to invest in China and not require those companies to turn over trade secrets. In San Francisco, I'm at Baxter, Bloomberg Radio, thank you. Ed. Turning to the economy, a day after investors shared news that inflation broadly slowed in October, we get two more key readings today, Producer prices and detail sales. Let's get a preview of that from Bloomberg's Michael McKee. Sales are forecasts to have fallen in October, led by gasoline autos and the ongoing drop in inflation. Retail sales are calculated in terms of dollar value, so falling gasoline prices and lower goods inflation should have a major impact. Take those out, and sales are forecasts to be up to tenths, much less than the six tenths gain in September. Analysts will also be watching for an expected slowing in producer prices. They don't feed directly into consumer indexes, but offer a rough guide to the future path of inflation. Michael McKee, Bloomberg Radio, all right, Mike, thank you. About traders are betting the Fed's hiking cycle is over following yesterday's cool inflation print, But a couple of Wall Street titans are throwing caution. We spoke with Citadel founder Ken Griffin. The FED needs to stay on message that they're going to put the inflation genie back in the bottle, and so they if they cut too soon, I think they risk losing credibility around on their commitment to a two percent inflation target. Ken Griffin's caution was echoed by JP Morgan Chase CEO Jamie Diamond. I think they do. They're doing the right thing to pause for now. You know they've raised rates a lot, you know, to wait to see the effect on the economy in the US, particularly as the fiscal spending, the excess fiscal spending is winding down and quantit tight and tiny is kicking in. But I still think you should prepare they might have to do a little bit more, and I think people should be prepared for that just as a kind of a risk management tool. And I'm afraid inflation may not go away that quickly. JP Morgan. Chase CEO Jamie Diamond has said previously he's advising clients to be prepared for interest rates as high as seven percent. Inflation's also in focus in Europe, Karen. In fact, inflation in the UK stumbled to its lowest level in two years. Consumer prices rose four point six percent from a year earlier in October, down sharply from six point seven in September. Slow downs prompting investors to firm up bets at the Bank of England will be able to cut rates as early as this of next year. Well we turned to earnings now, Nathan and profit at ten cent beat estimates. Analysts say it's another sign that Chinese consumers remain willing to spend on games and entertainment during a nationwide downturn here in the US. Arnas continue at Target, TJX, and Cisco all set to report, and time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris, Amy, Good morning, Good morning, Karen. Tens of thousands of people from across the country gathered on the National Mall in Washington, d C. In support of Israel. Organizers encouraged everyone to speak out against anti Semitism in America today. You can't remain silent. You know, that was a mistake who's made during the Holocaust, during the Second World War, they knew what was going on, but they felt, you know, they were too timid to speak off. Speaking remotely from Jerusalem, Israeli President Isaac Herzog thanked the demonstrators for gathering and supported marching for quote good over evil. Israel's assertion that a Hamas command center is under a key Gaza medical complex is being confirmed by the US. Bloomberg's Nanzy Lions has the latest. A Biden administration says it does have intelligence that confirms Iran backed militant groups are using hospitals, including the Al Shifa facility in Gaza to conceal and support their military operations. This is National Security Council spokesman John Kirby. Members operate a command and control node from Al shifa He and Gaza City. They have stored weapons there and they're prepared to respond to an Israeli military operation against that facility. Kirby says the US does not support striking the hospital from the air or seeing a firefight among helpless sick people. In Washington, Nancy lyons Bloomberg Radio Morning continues in Ohio following yesterday's fiery multi vehicle crash that killed six people outside of Columbus, including three high school teenagers. Tusky Valley School Superintendent doctor Derrek Vinarski spoke at a vigil last night at the school's outdoor stadium. There are no words for the sheer magnitude of loss and grief felt by all of US officials say. A semi slammed into a charter bus that was carrying the high school marching band on I seventy A teacher and two parent chaperones were also killed in a vehicle that was following the bus. The massive fire that burned a section of the ten Freeway near downtown LA may have started in a homeless encampment. A Stella Lopez is CEO of the Downtown Industrial Business Improvement District. Homeless people when it gets chilly at night, they start fires. When they need to cook, they start fires. This was a disaster waiting to happen. Officials confirmed there were sixteen homeless people living under the now damaged section of the ten freeway. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thank you. I mean do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Find its time now for the Bloomberg Sports Update with John stash Hour John Karon. A big early season college basketball doubleheader in Chicago had started with Duke beating Michigan State seventy four to sixty five, and then top rank Kansas held off Kentucky eighty nine eighty four. The Jayhawks seven foot Hunter Dickinson scored twenty seven points. He at twenty one rebounds. Pensey night of the NBA, with all the games part of the in season tournament. The Warriors had to play without Steph Curry out with a soord knee, and then early in the game, less than two minutes in, there was a fight. Klay Thompson got a jacket and so was Draymond Green, who had Minnesota's Rudy Gobert and I headlocked. The Timberwolves again beat the Warriors one oh four to one oh one. Call Anthony Town scored thirty three wins. Golden State has lost four in a row, six straight win from Miami. Jimmy Butler scored thirty two in a win at Charlotte de Monte. Murray scored thirty two as Atlanta won in Detroit, Indiana can did Philadelphia just its second loss of the season. Pacers won one thirty two, one twenty six in Philly. Tyrese Haliburton thirty three points in the win Joel MB thirty nine in the loss. Rough night for the rookie victor Wembin Yamashatto's four to fifteen eight points. The Spurs lost by thirty six at Oklahoma City. Bruins made a twelve one and two on the season of five to two win at Buffalo, the Capitol shut out Vegas three nothing. Managers of the Year the Orioles, brand In Hyde in the AL after Skipper and the O's to one hundred and one victories Miami Skip Schumacher won NL honors got the Marlins into the postseason. They'll name the cy Young winners today. The Yankees Garrett Cole expected to win in the American League. John Staneshawer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, d C. Vationwide on Syrias Exam the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. We want to get you the latest now on the war in the Middle East and the news that Israel's forces are now inside the Alshifa Hospital complex in Gaza City. Facility that it accuses hamasav using as a government center. Alon Levy, Israeli government spokesman, spoke with Bloomberg Radio about the situation on the ground in Gaza and ongoing negotiations to release hostages in the territory. Israeli society is, of course worried sick for the fate of the two hundred and forty hostages have been in Gaza for forty days now since the October seventh massacre. There are children in there, there there are babies, babies. They haven't been given access to the Red Cross. I'm afraid I can't comment on negotiations for their release. You'll understand these are sensitive issues. Human lives are at stake, and when we have information, we will of course update. If the Alshafa Hospital complex is a main one of the main Hamas bases in northern Gaza, once that operation is over, does that mean that the military, the Israeli military has accomplished its main aim in Gaza. In your view, our main aim in Gaza is to destroy the totality of Hamas's terrorists and governing infrastructure. How significant would it be though, if the base that you claim is under the hospital at the hospital in the hospital. How significant would it be if that were something that was dealt with, How big, how significant would it be in terms of the operation. The Sufa Terra compound is of course a very important target. It would be a very serious blow to Hamas. But we should be under no illusions that if that is overrun, and of course we show all that evidence to the international media that the operation will be over because we cannot allow Hamas to regroup, rebuild and remetastasize across the Gaza strip in order to pose a threat to our people. The objective of this war, in response to the October set massacre when Hammas declared war on us, is to destroy Hamas completely so that it can never again pose a threat to our people. Chief of Terror compound is of course very important, but it's not the end, and we know that the days ahead are going to be long and they're going to be difficult. Are you concerned about support from the United States for the military operation fading. We've been reporting about disquiet within the Biden administration with how Israel is conducting this military operation. Not in the least, Israel and the United States are completely in lockstep on the goals of this operation, which is that Hamas must be defeated. President Biden has been very clear from day one. We have been very grateful to him for his moral, material and diplomatic leadership in saying that Israel has every right and every duty to go after Hamas and destroy that terror group and eliminate that threat. That is the only way we can make sure another October seventh massacre doesn't happen by eliminating the terror group that is threatening to do it again. The United States knows that, not only the United States, so do other Arab governments. The United States has been speaking with. We understand they have their own domestic pressures that mean they can't speak openly on the issue, but they understand that the Iranian proxy terrorist group in the Gaza Strip must not be allowed to maintain its territorial control. And that was Israeli government spokesman Alon Levy speaking with Bloomberg's Caroline Hepger and Stephen Carroll for more. We're joined now by Rosalind Mathieson, Bloomberg News Director for Europe, the Middle East and Africa. Roz, good morning. As we watch these developments unfold in the Al Shifa Hospital, we heard those reassurances from the Israeli government spokesman, but the fact does remain that we are hearing as well a lot more frustration, not just from the US but from the international community at large over what is happening in the Gaza strip. Well, that's right. We heard of course from the IDF spokesman a short time ago, and they are confirming this operation which is in the vicinity of the Shifa Hospital. They're saying they're now in the grounds. It's very difficult to know exactly what's going on there though, because there's a communications blackouts that we're getting very little information back out this way about that operation. We do know that Israel said that we're bringing in medical crews and Arabic speakers with them. It's very very delicate, of course, because this hospital has become the focal point on either side. We know that Israel says Hamas has got tunnels under this tunnel. They're using it, they say, as a staging point for attacks, but also it's a center of civilian of civilians who've clustered there in recent weeks into the compound. We know that they've run very low on things like fuel and medicine and so on. So you've got sort of these competing goals going on in a very very delicate environment, and we are getting those global expressions of concern as a result. Is like, when you've got so many civilians and close proximity to a major military operation, how can that be carried out in a way that minimizes the risk of civilians as a result, and it brings into even larger focus as well, this idea from Israel that hamas as strategy is to use civilians as human shields as it continues to carry out this war against Israel. But does this feel though like a sort of a turning point in this war now to have Israeli forces now inside a hospital facility in Gaza. Well, the interesting thing also is that Israel is saying that this doesn't necessarily mean that their operation in Gaza would be finished. They've said their goal is to eradicate Hamas entirely, to ensure that Hamas could never again carry out an attack to the extent that they did on October seven inside Israel. So that's a lot more than just going into this hospital. We are talking potentially weeks and months of fighting inside Gaza, door to door, street to street again, bringing military forces and militants into proximity with civilians who are still in the north of Gaza. It could be a turning point again perhaps in the narrative around Israel on this. You're mentioning the heightened sense of global concern, the comments we're seen not just from aid agencies in the UN, for example, but also from the US, from Europe, from countries in Africa and the region, saying we're really worried about how this could play out on the ground on this particular side. But it doesn't seem at all that this would be the end of the Israeli military operation. There's still a long way from what they're saying that they have to go. And to that point, we're still seeing, even with these public expressions of concern from President Biden, that the Pentagon is continuing to draw down weapons and send them to Israel. What is the balance that the US is trying to strike when it comes to continuing to give this type of support to Israel while expressing concern about the risk of civilian casualties. Well, that's right, so very tricky balancing for the US because they're a strong ally of Israel. They provided Israel for a long time with military assistance, including for the Iron Dome missile shield over Israel, and they've said that they want to continue to support that because that's protecting israelis from attacks coming from Hamas and others Hasbala aerial attacks and that's important and they've said they'll continue that. But beyond that, you have the question of if you're supporting Israel militarily with things like artillery and ammunition, how is that being used? A guess whom might that be used in such a delicate conflict on the ground inside Gaza, And so the US needs to tread very carefully there. And again you're seeing that balancing act just sort of like yes, public support still for Israel. Behind the scenes, we know that they are calling on Israel and urging Israel to proceed very carefully inside Gaza in that growing sense of frustration about how it seems to be proceeding. And then the third concern for the US is also does this conflict still somehow expand and during the US directly militarily in the region. And we know the US has sent a lot more of its military assets into the area. We're talking warships and so on, and actually troops being stationed in the region, so that's going to be a high concern for the US. Also absolutely thanks for this, Roskad to have you with us. Rosalind Mathis and Bloomberg News Director for Europe, the Middle East and Africa, Karen Well Nathan. We want to turn now to our interview with Jamie Diamond, the head of JP Morgan, spoke with our Bloomberg affiliate in Mexico discussing the latest inflation numbers, a potential rating downgrade for the US, and the headwinds that the US economy faces. Let's go to part of that discussion. I think the number is good today. Personally, I think people are overreacting to short term numbers and they should stop doing that because you look at all the adjustments going to them, they're not completely valid. I think inflation is probably a little stickier than that shows. I think they do. They're doing the right thing to pause for now. You know they've raised rates a lot, you know, to wait to see the effect on the economy in the US, particularly as the fiscal spending, the excess physical spending is winding down and quantit tight and tiny is kicking in but I still think you should prepare. They might have to do a little bit more, and I think people should be prepared for that, just as a kind of a risk management tool. And I'm afraid inflation may not go away that quickly. And well. Also, three months ago, Fatur Rating downgraded US credit rating, and this weekend we saw Moodies changing its outlook on the US created rating to Native, pointing to our sharp rise in depth, servicing costs and political polarization. What do you expect in this terms? Yeah, look, I find a little ironic that fiction Moody's been doing that today. So here's what I think they are right to point out those issues. I would take polarization off. That's always been true in democracy. But yes, we have far more debt and more debt financing. We've been a little profitate when it comes to that. But the market is pricing US as triple A, which I think is more right, and the market will be more right than the rating agencies. I also want to point out I find this almost funny. They have a lot of country's rate of triple A. They all live under the protection of the American military, and so I think it's a little peculiar that that makes them triple A, but not America. So America will be fine, but we got to get our hands around these problems. They will not age well. The death it's a lot bigger this year than we thought. There may be consequences of that, and so I do I think the right to point it out and talking about your bank, Jamie, how would you sum up these year twenty twenty three, given that it was such a tough time for the brother industry. I don't look at any one year like it's a mystical thing, you know. I always tell people that profits are like the tip of an iceberg is bobbing in the ocean. You know, the real quality of your companies, your people, your systems, your technology, your products, your services. So we had a good year financially, you know. I know that some banks has some problems. We've been quite clear over earning. But to me, the important thing is that we're going to serve our clients through thicker thin We got plenty of capital, plan liquidity. We're not going to panic no matter what happens the environment out there. We're going to be in Mexico serving your clients, your country, or the way we should be. And you know, I think if rates and I'm hoping that the first Republicans we bought was probably the last domino. But I've always said, provided race don't go up, but we don't have a recession, and I do think banks being prepared for that, that's just a reasonable thoughtful risk management tool. Be prepared for things you don't expect, so you can continue to build your company. How to prepare for the things that you don't expect. The way we do it is we model out how are we to do in two percent ing of rates and seven percent interest rates, how we do with credit losses going up? Stress testing markets around the world. So we do like literally one hundred stress tests a week, and so always looking at that so we can manage through that and then under all those circumstances, we're fine. Find means to me that you don't have to announce massive layoffs and you don't have to like pull out of a country, that you continue to meet the commitments you have to the people in the country and the countries themselves. You know, people don't like bangs who are fair weather friends, and so you know we're going to be there for people all the time, and you know, we've always been careful how we run the bank. There is really a future for fintech startups or will they be outlasted or innovated by banks. Yeah, I think it's the wrong way to look at the question like it's a binary answer. You know, there will be some who will not survive. There will be some who are very smart and they have a great niche idea. There will be some who are more than that, you know, So JP Morgan, we look at all the fintech, we also look at the big tech. You know, we have competition effectively from Apple, Google, Facebook, and so there will always be survivors. And our job is to make sure we're lean, we're mean, we're thinking we're competitive, we're not. It's always better assuming that some of these people be successful than to assume that they won't be successful. And you know, I've pointed out their own meagement teams that there's some great companies out there that we could have built and we didn't like Square and Stripe, and so you know, you've got to be open minded and a little humble about what's going to take place. Saw alone is not going to make you succeed in the future. If you don't believe me, read about the history of all large corporations. Also, I would like you to ask about Mexican economy, which are your perspectives with high interest rates, high inflation, but with the opportunity of nearshuring. Again, I think it's a great opportunity. And you know, a lot of Latin America countries raise their industrates rapidly quickly, and they probably did the right thing for the long run of the economy. You're very low unemployment. You know, inflation is coming down, so hopefully you'll conquer that. I think countries should always look at and I really mean this, like I do with a company, what should they be growing? And you know, I think we've undergrown in America, you know, quite a bit over the last year, and I think Mexico should aspire to do much more. And just like so, that's how I look at it, and to do more all these countries, all of us. You know, it's about policy and you've already mentioned infrastructure, but it's about work skills, effective regulation, transparency, corporate governance, uh, you know, rapid permitting. It's all those things. You know, it's consistency of law that have a country grow and the important part of having a country grow it helps all of the citizens. There's more taxes, you have more a wherewithal you know, it's not just for big companies. You want to grow an economy, you really want it for everybody. Every job created, you know, every job created is a job for someone, and so you know people we need We only be very thoughtful. I can grow economies help and we should do it to benefit all the citizen of our country. You know, not just the you know, the wealthier and the employee, but everybody. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to oho in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six' one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Seriusxmbiheartradio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) Israel and Hamas trade accusations over Gaza hospitals and President Joe Biden called on Israel to take “less intrusive action” at the al Shifa hospital — the latest sign the US wants fewer civilian casualties. Israel says Hamas uses hospitals as bases for its operations. 2) Joe Biden and his Chinese counterpart, Xi Jinping, are set to announce an agreement that would see Beijing crack down on the manufacture and export of fentanyl, according to people familiar with the matter, potentially delivering the US president a major victory. 3) House Speaker Mike Johnson is counting on Democrats to overcome misgivings and approve his proposal to avert a US government shutdown. 4) Denver Broncos beat the Buffalo Bills on Monday night football Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Alshifa Hospital in Gaza City must be protected. I have not been reluctant and especially my concerns going on and is my hope and expectation that there will be less intrusive action role through hospital. President Biden's concern about civilian casualties is being answered by Israel's Economy Minister Near Barkat, do you understand that we have to wipe isis Comeaus off the map and we will do it with minimal collateral damage. This is our values. We don't need to be told that we know that ourselves Israelly Economy Minister Near Barcott spoke on Bloomberg Business Week. You can hear more of his comments on the BusinessWeek podcast. Download it wherever you get your podcasts. Well, Nathan. As the war goes on, tens of thousands of Israel supporters are gathering in Washington, d C. To show their solidarity. On Bloomberg's Amy Moore, supports from the nation's capital. Organizers are expecting up to one hundred thousand people to attend today's event on the National Mall Capitol Hill. Security will be boosted, access to the capital will be restricted. Roads are being closed. DC police have requested assistance from the National Guard and the Department and If Homeland Security has designated the march a Level one security event that's the highest rating of risk assessment. The FBI says there's no specific threat, but there is fear of loan actors attacking pro Israel demonstrators coming to DC. The event begins at one this afternoon on the National Mall in Washington. I maye more is Bloomberg Radio, Oka, Amie, thank you staying in Washington. This could be a critical twenty four hours in Congress's attempt to keep the government funded. Bloomberg Zed. Baxter has the story. House Speaker Mike Johnson says he'll bring the bill to the House floor in spite of negative reaction from the right wing of his party, who wanted spending cuts included. Senate Majority Leader Chuck Schumer has opened the door to a settlement for now. I am pleased that Speaker Johnson seems to be moving in our direction by advancing a cr that does not include the highly partisan cuts the Democrats have warned against. And President Biden also has often saying he'll wait to see The deadline is Friday midnight, add Baxter, Bloomberg Radio. All right, and thank you well. We turned to the economy now, and we get the first of two big readings on inflation this morning. With the consumer price index for October. Economists say inflation probably ease to an annual rate of three point three percent, and we get a preview from Bloomberg's crety GUPDA. There are some varied estimates here, but I think the takeaway is simply that some of the disinflation, the progress essentially that has been happening in the US economy when it comes to inflation, is going to slow down. So it's not that it's going to increase, but it's also not going to be making as much downward progress as we expect, at least has to take out of Bloomberg Economics, and I think that's the concern here for a lot of the people who are pricing in a more dubvish Federal Reserve, which is simply that this is going to be the key data point that suggests the Federal Reserve is not done hiking at all. You heard Chairman Powell last week hint at that and kind of say, well, we're going to be as hawkish as we need to be. This is the data point that might back that up. And Bloomberg's CRETTY group disays today's inflation data is not likely to shift traders views on the fits December meeting, days after the US was threatened with the loss of its last top credit rating from Moody's the Treasury Secretary is firing back. Janet Yellen spoke in San Francisco yesterday. This is a decision that I disagree with. The American economy is fundamentally strong, and Treasury securities remain the world's pre eminent safe and liquid ASCID Secretary Yellen's in San Francisco for meetings with finance ministers from across the Pacific, Rim Nathan. The big meeting from the Asia Pacific Economic Cooperation Summit comes tomorrow, when President Biden speaks with this Chinese counterpart, seson Ping. Bloomberg News has learned the two leaders will announce an agreement that could see Beijing crackdown on the manufacturer and export of fentanyl. We spoke about the opioid crisis with San Francisco Mayor London. Breed resources that are being sent out of China that come into either the US or Mexico are cut off to the fullest extent possible. That we work together in order to ensure that this deadly poison that is killing people in San Francisco in significant numbers and all over the country, that we're able to combat this to stop it. San Francisco Mayor London Breed says fentanyl has devastated her city like no other drug in her lifetime. Let's turn to some corporate news now, Karen, we have a takeover in the commodities industry. Switzerland's Glencore has agreed to buy a majority stake in Canada's tech resources coal business for more than six point nine billion dollars. The d ns a month's long saga and sets the stage for glen Core to spin off its own coal unit. Well, Nathan, a big week for retail earnings kicks off with Home Depot. We're reporting this morning, and we get a preview with the Bloomberg's Tom Busby. Home Depot forecast report a fourth straight quarterly decline at same store sales as the one to two punch of surging mortgage rates and record high home prices caused a slump in US home sales, putting it in to the home improvement boom we saw during the pandemic. Bloomberg consensus calls for comp sales to fall three point three one percent, of the decline in the US three point six seven percent. Still, net sales expected to be thirty seven point seven billion dollars, So just at earnings per share of three dollars seventy six cents. Tom busby Bloomberg Radio, All right, Tom, thanks back to commodities. The International Energy Agency says global oil markets won't be as tight as expected this quarter. IEA says sea supply tipping back into a surplus in the first half of twenty twenty four. Sorry, Nathan. Thanks. It's time now for a look at some of the o their stories making news around the world, and for that we're joined again by Bloombery sa Amy Morris Samy, Good morning, Good morning, Karen. There is growing concern about a possible government shutdown later this week, but that could also spell chaos for millions of Americans planning to travel during the holiday season. Without a deal in Congress by this Friday night, air traffic controllers and TSA workers could be forced to work without pay. And this is expected to be a record travel season. David Cymour, as chief operating officer with American Airlines, We're going to carry more customer than we ever have before, about a half a million more than last year. And House Speaker Mike Johnson has submitted a stopgap measure, but that doesn't include any money for Israel. Or Ukraine, and it doesn't have spending cuts that a lot of Republicans want. The US Supreme Court has adopted a new code of conduct, the first in the Court's history. Loyola Law School professor and former federal prosecutor Laurie Levinson says the adoption of the code itself is significant. There has been a great deal a criticism of the Supreme Court. Much of it has been focused on Justice Thomas and Justice Alito because they received gifts, they haven't made full disclosure of travel and other types of benefits, and so now we have a clear standard. But critics call the code itself toothless because it doesn't include a mechanism for enforcement. A former attorney for Donald Trump has testified against the former president and the Georgia election interference case. Jenna Ellis recounted a conversation with Dan Scavino, who served as Trump's deputy chief of staff. Video recording of that testimony was obtained by The Washington Post. He said, well, the Boss, meaning President Trump, and everyone understood the Boss, That's what we all called him. He said, the Boss is not going to leave under any circumstances. We are just going to stay in power. Trump's lead counsel in the Fulton County case says Ellis's testimony is absolutely meaningless. Ellis is one of four co defendants to plead guilty in that case out of eighteen people, and died it Alongside Donald Trump, the president of the United Auto Workers Union is headlining a hearing on Capitol Hill to talk about the resurgence of unions. UAW president Sean Faine, along with Teamster's president Sean O'Brien and Flight Attendance Union president Sarah Nelson, will provide testimony before the Senate Labor Committee on the role of unions in the lives of working families. Global news twenty four hours a day and whenever you want it with Bloomberg News Now, I may Mee Morris in this is Bloomberg Karen sor right, Amy, thank you, Alby do bring you news throughout the day right here on Bloomberg Radio. But as Amy said, you can get the latest news now on demand when you wanted. Subscribe to Bloomberg News Now to get the latest headlines it the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update with John stash Hour John Karen. On Sunday, four NFL games were one on a field goal on the final flight, and happened again last night in Buffalo. Denver's Will loves kick the thirty six yard field goal the Broncos upset the Bills twenty four to twenty two. Lutz had missed a forty one yarder, but the Bills got called for twelve men on the field and he got a second chance to win the game for Denver, who has suddenly won three games in a row after starting the season one and five. It's been a disappointing year for the Bills, four time defending AFC East champions, and they are right now just five and five. The Celtics are eight and two. They're five and zero at home. They beat the Knicks thirteen to ninety eight. Jason Tatum led the way with thirty five points. Jalen Brown had twenty two. Christophs Pazinga scored twenty one. The Wizards are just two and eight. Kyle Kuzma keeps scoring points. He had thirty four, but Prosco Siaka went for thirty nine in Toronto and the Raptors won one to eleven to one oh seven unanimous winners for the Baseball Rookies of the Year, the first of the postseason awards to go out as expected. Arizona outfielder Corbin Carroll got every vote in the National League after season where he hit twenty five home runs and sole fifty four bases, and Baltimore short stoff Gunner Henderson won unanimously in the American League. He hit twenty eight home runs and scored one hundred runs. Michael Malong got his contract extension in Denver. He coached the Nuggets to the NBA championship last year. Terms not known. He's been the Nuggets coach in twenty fifteen. John Stashedward Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirius, Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Israel's war with Humas now appears to be centering on hospitals in Gaza, where the Palestinian militant group is accused of housing command centers and weapons. President Biden is saying the main hospital in Gaza City, Alshifa, must be protected as Israel intensifies its ground campaign. For the latest, we're joined now by Bloomberg's Oliver crook Oli. Good morning, get us up to speed on the situation in a northern Gaza, particularly around these hospitals that do now appear to be the center of attention. Yeah, so Nathan completely in the center of attention, and the ground offensive is still just raise it raging on in the northern part of Gaza, really cementing their positions around Gaza City and entering Gaza City. As we've seen, we've also heard that a great number of people have fled over the last ten days. The UN says that more than two hundred thousand people have moved south. That brings the total of almost two thirds of Gaza's a population of two point three million people that have fled their homes. The Defense Minister of Israel says that Hamas has lost control of Gaza at this stage. But really, as you say, the focus is on these hospitals and really beginning to test the limits of where the limit of self defense is, which has been really a question, I think for everybody since the beginning of this conflict, and everyone has a different answer to that. But we're starting to see that progress a little bit, particularly with the United States, which as we know, is a key ally for Israel in this battle. No, we did speak to Israel's economy minister Near Barkat on Bloomberg Radio and he seemed to echo a lot of the determination we're hearing from the Israeli government to destroy Hamas. It does make you wonder what those limits are. Lallie. I think it's a good question, and it's going to be in determined I suspect in part by what the United States says and how they say it. Right, So we're talking about a death toll. This is according to the Palestinian authorities, of more than eleven thousand people in Gaza, right, and two thirds allegedly are going our women and children. This is an absolutely huge figure of people and many of the allies of Israel. You know, you heard it from President mac Hole on Friday, who himself called for a ceasefire. And now You're starting to hear Joe Biden talk about restraint, Blincoln himself saying that too many Palestinians have been killed, Sullivan saying no firefights and hospitals, And we know that it is that sort of the US's behes that we got some of these humanitarian pauses. So really the question is where does it reach its limit? Again, So a lot of this stuff is going to be behind the closed doors, the discussions with Biden and Netanya who not taken out into the public, but you're starting to notice it in a lot of the public statements we're hearing from US officials. And as this fighting goes on and it compares to intensify, the question goes on as to how much longer this war can continue, how much more intense we could see that fighting take place, particularly around these population centers that do have very sensitive operations in Gaza City completely. And then there's the after question as well. But let's deal with the for how long question, which is you know, again, what Netanya who has said, and he said this as recently as a day or two ago, was that it will take not many years, right, So he's not ruling out the year's quantity of time. In this he says it'll take less time than the US took in defeating ISIS and al Qaeda, which again does not really narrow a very sort of slow and small window of period of time. But he's, you know, from the very beginning, giving himself a lot of flexibility in terms of how long this can go. And now the real question this we see another split potentially between the US and Israel, is what happens afterwards netnya who's suggesting that they will have indefinite control over Gaza. The security operations said, they say they don't want to rule it, but they also say they don't want to relinquish security control over Gaza. So again, these are all the sorts of points that are going to see develop And of course the big question is what is the future of Netanya? Who and whose decision will it be once there is peace about what happens with the relationship between Gaza and Palestine and Israel. And before we get even to all those questions about the future of Gaza and the future of the Israeli government, there's still this ongoing discussion about freeing hostages in Guza. What's the update there completely So the latest that we've heard from this is that Biden spoke to the Katari emir As we know, Qatar has played an absolutely fundamental role in the sort of got between Israel and of and the United States and Hamas. We hear again and again that there is potential progress on a deal, but every time we hear that, it's sort of backslides. So again, there has been more and more talked about it over the last few days, but I think you really cannot really rely on anything until it's fully secured. What we do know is that Israel has entirely ruled out a ceasefire until all the hostages have been freed, and in our last thirty seconds, the discussion we've had with Israel's economy minister, it seems like there's a determination as well to keep this fight going, even if it damages Israel's budget, even if it damages the economy. Yeah, I mean, the impact on the Israeli economy has been very sort of covid like in many respects where you know, obviously there's a war effort underway, but we've subtracted let's say, three hundred and fifty thousand people from the workforce that's about eight percent of the Israeli Workfor us is when you go down the streets, you know, many of the businesses are closed, all the universities are on pause. All of this stuff is really a standstill. But again, they see this as an existential fight, so they're gonna be willing to pay the price. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alectiona devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager, and I'm Karen Moscow join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

On today's podcast: 1) The Israeli army conducted raids in northern Gaza on the outskirts of the Shati refugee camp, while a UN agency said that a naval strike had seriously damaged one of its guesthouses. 2) The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration. 3) The White House cited a resumption of US-China military communications as a priority ahead of this week’s meeting between Presidents Joe Biden and Xi Jinping.   Full transcript:  Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Let's get the latest developments on the war in the Middle East. The US has conducted airstrikes in eastern Syria on targets link to Iran. Those strikes come as talks intensified to secure the release of hostages in the Gaza strip As Bloomberg News Managing editor Sylvia Westall reports, President Biden discussed that issue with the leader of Katar last night. Kata's quite question important role in this. It's already helped mediate between Israel, Hamas and foreign governments to release a small number of people and the estimates for around about two hundred hostages still trapped there, and are those talks ongoing. There's been discussions between Biden and the ruler of Katar and all these countries involved, and Israel said it won't even contemplate a cease far until those hostages are released. Bloomberg Sylvia west All reports President Biden also talked about increasing the flow of humanitarian assistance into Gaza with Cautter's premiere. Well, it's really Prime Minister Benjamin Etna who was asked about whether there could be a deal to exchange captives with Hamas. There could be, but I think the less I said about it, the more I'll increase the chancels that it materializes. And it's a result of pressure, military pressure, of the extraordinary work that the idea of was doing. And Prime Minister Nanya, who was on NBC's Meet the Press, but as really President Isaac Herzog is expressing caution, there are talks of behind the scenes. I cannot confirm any details. What I can say is that there's nothing substantial right now on the table. The United States is also heavily involved in this, so there's nothing tangible that I can report. Israeli President Isaac Herzog was a guest on CBS's Face the Nation, and you can hear Face the Nation and Meet the Press every Sunday on Bloomberg Radio. Turning to politics back here at Home, Karen, there is now one less Republican candidate for president. South Carolina Senator Tim Scott has ended his campaign. Scott says he will not immediately make an endorsement in the race, and he's not looking to join a Republican ticket as a vice presidential candidate Well Nathan. The US faces a risk of a government shutdown at the end of this week. Meanwhile, House Speaker Mike Johnson is trying a new approach to funding the government. By Bloomberg's At Baxter reports, the shutdown risks still Inger. The Johnson plan would extend some government funding until January nineteenth and others until February second. It also declined to do the immedia thirty percent spending cuts demanded by the right wing of his party, so that means fewer Republican votes and reliance on Democrats to cross lines and vote for it. He says, spending addiction cannot be broken overnight. Democrats so far have been moot. Whitehouse, though has already said it would only lead to future shutdowns. Johnson says he's scheduling a vote for tomorrow at Baxter Bloomberg Radio. All right, thank you well. Former New York Fed President Bill Dudley's warning the US fiscal position is on a quote unsustainable trajectory. Dudley is also a columnist form Bloomberg Opinion. He told the conference in Sydney there's a lack of political will to resolve the crisis at a time when debt costs are soaring, Nathan. The warning from Dudley comes just two days after the US was threatened with the loss of its last top credit rating. Moody's Investors' Service signaled it was inclined to downgrade the nation because of a wider budget deficits and political polarization. Deborah Cunningham is Global Liquidity Market's Chief investment officer at Federated Hermes. The concerns being bore what's happening from a congressional perspective, and the dysfunctionality from a lawmaking standpoint is the concern rather than the actual quantitative financials. So I think from an impact as much on the economy from an impact on where rates are at this point, I think that's behind US and debort Cunningham had federated Herme, says Moody's is the only one of the three main credit companies with a top rating on the US Karen, We're watching for major geopolitical news this week. President Joe Biden and Chinese leader Shei Jinping are scheduled to meet face to face on Wednesday, as the United States hosts the annual Asia Pacific Economic Cooperation Conference for the first time since twenty eleven. White House National Security Advisor Jake Sullivan says resuming military communications is crucial when it comes to managing the relationship. Ties and communications between our two militaries are critical. The Chinese have basically severed those communication links. President Biden would like to re establish them, and he will look to this summit as an opportunity to try to advance the ball on that. National Security Advisor Jake Sullivan tel CNN. The Biden she meetings also expected to cover the Israel Hamas War, Russia's invasion of Ukraine, human rights, and artificial intelligence well NY then ahead of the Biden She meeting. We are seeing signs of improving US China relations. Sources a Beijing is weighing ending a freeze on Boeing seven thirty seven Max aircraft in China. Boeing has not made any significant sales of its best selling narrow body jets in China since at least twenty eighteen. In another development, earlier this morning, the Emirates announced it was buying Boeing aircraft valued at fifty two billion dollars. So the broader market Karen investors have another major event to look forward to tomorrow when we get the latest reading on inflation with the Consumer Price Index for October. Anda Wong is chief US economist with Bloomberg Economics. We are expecting the headline CPI to be very soft because seasonally adjusted gasoline prices actually came down over five percent in October, so a month the increase of zero point one percent on the headline CPI. Bloomberg Chief US Economist Stana Wong says, over all consumer price data are expected to show inflation easing to a year on year rate of three point three percent in October. Time. Now for look at some of the other stories making news around the world. For that. We're joined by Bloomberg Scott Carr, Scott, Good morning, Good morning, Karen. Donald Trump Junior will be back on the stands today in New York as the first defense witness in the Trump organization civil fraud trial. The Trump family organizations being accused of fraudulently inflating their wealth on paper to obtain better loans. The New York Attorney General's Office ended its arguments last Wednesday and was denied a motion to limit certain expert witnesses from testifying for the defense. One person is dead four others injured after a shooting at a flea market in Texas. Police in Perlin, Texas, say three adults and two children were shot at the popular street market yesterday afternoon. Officer Chad Rodgers says the incident started as an argument between two people, though it's unclear if they both had guns. Three adult victims and two children, so a lot of people that are very very upset, and this does not appear to be a targeted attack on the flea market. That this was a disturbance between two individuals that resulted in people being shot. So far, no arrest have been made. All five victims were taken to local hospitals. A state of emergencies been declared in Los Angeles by California Governor Gavin Newsom after fire broke out underneath a storage yard early Saturday morning, igniting highly flammable wooden palettes. Trailers and cars then jump to another storage yard, growing in size to eight acres at one point, causing the closure of LA's Highway ten in both directions. The freeway remains closed, and officials say they'll be lucky if they can get one lane open today. The traffic is going to be horrendous. It's going to really impact Los Angeles. The blaze burned through the equivalent of six football fields. The governor says the state is mobilizing resources to complete repairs and minimize the impact for travel in and around the city. Iceland is evacuating a resort town south of the capital of Reykovic how to fear the town of Grindevic may be destroyed by a volcanic eruption. The town is near an active volcanic system and was evacuated over the weekend after magma shifting beneath the ground triggered hundreds of earthquakes. Local officials say that magma was at a very shallow depth, so they were expecting an eruption at any time. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Scott Carran. This is Bloomberg all right, Scott, thank you, while we're bringing news throughout the day right here on Bloomberg Radio. But now, as Scott said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify, and anywhere else you get your podcast. Time Now for the Bloomberg Sports Update, here's John stash Hour John Karen Sunday, number ten in the NFL began for the second week in a row in Frankfurt, Germany. The Colts beat the Patriots ten to six. That drops New England to two to eight, their second three game winning streaking the season. They have the worst record in the AFC. Only Carolina has the worst record in the NFL. The Patriots have scored over seventeen points only twice in ten games. Another win for red hot Houston Texans. It was thirty to twenty seven at Cincinnati. Texans won and on a field goal on the final play. They've gone five games, which is more than they had won in any of the last three seasons. Bengals four game wins streak comes to an end. They fall the last place in the AFC North, where Cleveland won at Baltimore thirty three to thirty one. The Browns were down by fourteen with nine minutes left, scored two touchdowns in the forty three seconds span, then they won on a game winning field goal. That ends the Ravens four game winning streaking. The brown they're only a half game behind. The forty nine Ers, ended their three game losing streak. They won big at Jacksonville thirty four to three and rock Pirty through three touchdown passes. The Commanders lost in Seattle twenty nine to twenty six the Seahawks one on a field goal final play. Last night, the Raiders beat the Jets sixteen to twelve. Third s three loss for the Warriors, beaten home by Minnesota won sixteen to won ten. Philadelphia won it over Indiana's Tyrese Maxi scored fifty points. Dedicated the win to Kelly Oubre of the Sixers, who's going to be out significant time after injury suffered in a car accident Saturday night. Texas A and M and a surprise fired football coach jimbo Fisher. They'll owe him seventy five million in a buyout. John Stashewer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, d C. Nationwide on SYRIASXAM, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg day Break. Good morning. I'm Nathan Hager. Now to the latest from the Middle East. The US continues to strike targets in eastern Syria that are linked to Iran, as Israel intensifies its ground campaign against Hamas in northern Gaza. All this as talks continue on the international level to try to release Hamas hostages from more. We're joined by Bloomberg Israel Economy and Government reporter Galite Alstein in Tel Aviv. Ghalite, Good morning. What's the latest we can say now about the ground assault? Of course, there's been a lot of focus in recent days on the Alshifa hospital that Israel says is hiding a main military headquarters for Hamas. Right, So good morning, Nathan. So, as you mentioned, we're seeing the Israeli army pushing forward on the ground operation in Gaza. In northern Gaza, the Israeli troops have been conducting rays over the past hours at the outskirts of the Alshati that's a camp in northern Gaza. They've been targeting what they say is tourist infrastructure that they say is located in central governmental institutions in the heart of civilian population, and that involves our schools, universities, mosques and residences. At the same time, you mentioned Alshika Hospital, so we've been hearing that the last generator that Al Shifa ran out of fuel two days ago November eleventh, and yesterday Israel said that it allowed delivery of fuel three hundred liters of fuel for the first time to this hospital, and then Israel exclaimed that Hamas has prevented the hospital from collecting this fuel. So we have to wait and see on what happens with that. The hospital director has said to media that this quantity, even if it had been collected is far enough from being enough. He said, it could only be sufficient for as little as thirty minutes of operations in the hospital. So we're still waiting to see what happens on that, and also in the evacuate of babies from this hospital, which the idea I found promise to facilitate has not yet happened according to Israel, because Hamas has also been preventing that. As the ground defensive goes on, Galad, of course, we're hearing more talk about trying to secure the release of hostages in the Gaza strip. President Biden held talks last night with Katar's emir about that what role could Qatar play in this situation? Right, so, Kata is considered to be a very important player, perhaps the most significant town of player in these negos negotiations on the release of hostages. There are two hundred and thirty nine hostages that are still being held in Gaza. So, as you mentioned, President Tom Joe Biden this speak with the Katari Emir and he said that the urgent, ongoing efforts to secure additional releases are going on. What we're hearing from Israel media at the same time is a lot of caution on these talks. We've heard them. Israeli President tom Isa Kertzev express question about a possible release of hostages helped by Hamasi said last night that there is nothing substantial right now on the table, although we are using all tools possible quote unquote, that's what he said, and Israeli media have been reporting that talks are on the release of around eighty hostages, probably women, children and earlerly will be prioritized if this release does take place, with Hamas demanding a ceasefire of roughly three to five days in return for these releases, and a similar number of Palestinian prisoners to be released as well. As I said, everyone is discussing this with a lot of caution, and it's not clear whether these talks will show any results anytime soon. In the meantime, Israel is also continuing to face fire from Hesbola in the north, going from or coming from Lebanon. Is the Israeli military in our last minute here Galite at risk of getting under further strain, potentially getting stretched. Right So so this is a very important point. Yesterday there was a very clear sense of escalation on Israel's border, with Lebanon. It was the most intense day of fighting since October seventh, a lot of back and forth fire, some civilians and civilians were injured. Israeli civilians were injured in these fire exchange exchanges. So Israel has been retaliating, you know, all the time to these attacks. There's also been some attacks this morning, although at a slightly lower scale with no one with no one injured. The Tel Aviv stock exchange is down for a second straight day following these events. So this is being closely watched on all fronts. And you know, I will mention finally that Israeli Defense minister, you have Glanc's ass at a press conference on Saturday night, what would be Israel's redline on this border? And he answered the reporter who asked this, when we strike in remoot, you'll know that this red line had been crossed. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh six' one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Serious XM, the iHeartRadio app, and on Blue dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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Matt Miller and Hannah Elliott have a new podcast focused on cars. Listen for drive reviews, news updates and dealership details from auto industry insiders.     If you like this episode, download more and subscribe on Apple, Spotify or anywhere you get your podcasts.     Apple: http://apple.co/4935eTf     Spotify: http://spoti.fi/3MaWkJT     Anywhere: http://bit.ly/3QqrPC2     See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) We preview this week's upcoming CPI and PPI data 2) The Dubai Airshow kicks off this week - a major event for airlines and plane makers 3) President Biden prepares to meet China's President Xi in San Francisco this week 4) A Government shutdown looms - Speaker Johnson in focus.  See omnystudio.com/listener for privacy information.

On today's podcast: 1)  Israeli struck outpatient clinics of Al-Shifa Medical complex in Gaza City, Palestine Authority radio reports. The Israeli military has said that Hamas’s main military headquarters is located underground near Al-Shifa and has told the hospital to evacuate patients. 2) Federal Reserve Chair Jerome Powell said the US central bank will continue to move carefully but won’t hesitate to tighten policy further if needed to contain inflation. 3) West Virginia Senator Joe Manchin announced Thursday he won’t seek reelection, a blow to Democrats’ prospects for keeping the Senate majority in 2025. 4) Industrial & Commercial Bank of China’s US unit had been hit by a cyberattack, rendering it unable to clear swathes of US Treasury trades after entities responsible for settling the transactions swiftly disconnected from the stricken systems. That forced ICBC to send the required settlement details to those parties by a messenger carrying a thumb drive as the state-owned lender raced to limit the damage. 5) Chicago Bears take down the Carolina Panthers in Thursday Night Football Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen, the latest on the Israel Hamas war. Israel says it's struck back at an organization from Syria. The target at a school in the southern city of Ailat with a drone. Meanwhile, the White House is confirmed Israel's agreed to four hour daily humanitarian pauses in northern Gaza to allow civilians to flee, but Mark Regev, who advises Israel's Prime Minister, says it's not a ceasefire. We will continue this operation until we have destroyed Harmasa's military machine. The idea of a humanitarian pause is in a specific place, for a specific time, to help the civilian population who are not the target of our operation on the country. We want to see the move out of Hamsway. That was Benjamin Natanyahu advisor Mark Regev meantime. A short time ago, Palesidine Authority Radio reported that Israel's forces struck outpatient clinics of a medical complex in Gaza City. Israel's military says the main military headquarters of Hamas are located underground near that hospital, and had they told the hospital to evacuate patients, well, Nathan, we turn now to news that still making waves in Washington. A Democrat, Joe Mansion of West Virginia, stepping away from Capitol Hill. I will not be running for re election to the United States Senate, but what I will be doing is traveling the country and speaking out to see if there is an interest in creating a movement to mobilize the middle and bring Americans together. Senator Manchin is an honorary original honorary co share of No Labels, the centrist group that's now working on a possible third party presidential campaign. Bloomberg's Wendy Benjamin Sin has more from Washington. If he does go for an independent or third party run, that's going to make it very, very difficult, because the people who feel that Biden may have gone too far to the left, or is too old, or all the other things are looking at this guy a true old soele conservative Democrat. Bloomberg's Wendy Benjamin Sin notes mansion still has eleven point three million dollars in a Senate reelection campaign that he could use in a presidential run. Well, politics has Washington's focus. Karen Summer, President Biden's cabinet have headed West Finance. Leaders of the US and China have begun talks setting the groundwork for the Biden she meeting next week at the Asia Pacific Economic Cooperation Summit. Bloomberg's Ed Baxter has the story from San Francisco. Treasury Secretary Janet Yellen meets again today here in San Francisco with Chinese Vice Premier Hu LaFong. She is saying the US has no design to break economic ties with China, but these two day meetings are aimed at making progress on a slew of economic issues before the heads of state sit down. China's main concerns in the supply chains in high tech, the US focusing on fair competition in tech, as well as freedoms and the issue of Taiwan. In San Francisco, I'm at Baxter Bloomberg Radio. All right, ed, thanks, So we turned to the markets now, and stocks are coming off their first drop in eight sessions. That declines came after FED Chair J Powell warrant interest rates may have to climb further. If it becomes appropriate to tighten policy further, we will not hesitate to do so. We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and the risk of overtightening. On the same day Powell spoke, Richmond FED President Thomas Barkin said the US economy still has not felt the full effect of past interest rate increases. I think there's more lag to come from hikes. I'm not sure that you know that's everybody's view, but that's that's certainly my view. I also believe that there's inflation is going to take longer to settle than the more optimistic forecast that you might see. And the economy is also in focus in Europe. The UK economy flatlined in the third quarter, defying forecasts of a small contraction and ensuring a recession is avoided this year. GDP was unchanged from q two. Economists surveyed by Bloomberg forecast a tenth of one percent decline on average. Well. In other news this morning, Nathan the world's largest bank, has been hit by a cyber attack. The incident caused the US unit of the Industrial and Commercial Bank of China to reroot some treasury trades and may get more from Bloomberg's reshound Salamad in Hong Kong. The hack forced clients to reroot transactions. A large number of trades in US treasuries were prevented from being cleared. It left brokers and traders scrambling to US as the extent of the impact of the cyber attack. There are reports of liquidity being affected, and speculation continues to mount that the issues were a cattle for a very poor oaction of thirty year bonds. So to say, ICBC allerted clients that trading was being impacted. ICBC as seti hight cybersecurity for a mandant and has been offered assistance from the FBI in Hong Kong. I'm Rishard Salomit Bloomberg Radio Oka, rish thank you staying in Asia. The final day of the Bloomberg New Economy Forum in Singapore has wrapped up. Climate change was a major focus. We caught up with US Special Presidential Envoy for Climate John Kerry. People are well aware of how critical the situation is. Mother Nature has been sending us massive messages in the last years. We know we have to reduce the emissions. We know that the costs of not doing so will be much greater than the cost of doing so. And Special Climate Envoy John Kerrey praise the Inflation Reduction Act for attracting green investment to help fight climate change. Well, Nathan, let's check out some stocks on the move this morning. Shares a Biagio down more than eleven percent, the maker of Johnny Walker and Smeirnov Vodka issuing a profit warning because of a steep slowdown in Latin America. Shares of Plug Power They're plunging down more than twenty nine percent in early trading. The company reported revenue well below estimates. S and P futures are little changed right now up a point. Futures up two tents of one percent, a gain of sixty points. In NASTAC futures are lower by two tenths of one percent. That's a decline of twenty seven points. Tenure Treasury is down three thirty seconds, for a yield of four point sixty three percent. This is Bloomberg. All right, Nathan, thanks time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker. John, Good morning, Good morning, Karen. The FBI investigating potentially deadly attacks on election offices in five states, bombing some letters laced with fencanyl. The letters were sent to Nevada, California, at Georgia, Oregon, at Washington State. The Fulton County, Georgia Board of Commissioners chairman is Rob Pitts. Crazy people out there who will go to any extreme to disrupt, interrupt, fair, open, transparent elections in our country and specifically here in Fulton County. Officials are calling it domestic terrorism. They're only seven days until the government could face yet another shutdown. More in that story from Washington and Bloomberg. Steve Potis Congress needs to approve a budget that would keep the government funded through the rest of the year, but there are already some divisions among Republicans as to how that may happen. Democrats also say they wouldn't accept certain cuts to social programs, and the White House says that some of the bills Republicans are proposing would cut funds to law enforcement. White House Deputy Press Secretary Olivia Dalton says the time is running out and House Republicans should stop playing political games and follow the lead of the Senate by getting to work on bipartisan bills. Steve Potisk Bloomberg Radio. President Biden was in the Illinois Thursday congratulating union auto workers taking a victory lap after they won a new contract. The President reminding those workers he joined them on the picket line, and Donald Trump did not. I stood and other stood with his shoulder and shoulder on that picket line. My predecessor went to a non union shop and attacked. I hope you says, so. I hope you guys have a memory where I come from. It matters. Mister Biden was the first president in history to join workers on the picket line. The nation's first openly gay governor, looking to re enter politics nearly twenty years after he left former New Jersey Governor Jim McGreevy, announcing Thursday he'll seek the mayor's office in Jersey City in twenty twenty five. He announced in August two thousand and four he was a gay American and acknowledged having an extramarital affair with the male staffer he resigned that year. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this he is Bloomberg Karen. All right, John, thank you well. We bring you news throughout the day right here on Bloomberg Radio. But now as you can get the latest news on demand whenever you wanted, subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com, plus Apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John Stash Hour, John Karen. The Thursday night game to kick off Week ten in the NFL. Not much of a game. Carolina Panthers have only won once all season. Chicago Bears came in having won only twice. Panthers got a seventy nine yard aquartment through the first quarter, but it is their only touchdown, and the Bears got one in the third quarter to take their first lead. Chicago won sixteen thirteen, and this helps the Bears get the first pick of the draft because they own Carolina's pick as a result of the trade of the two teams swung just before last year's draft when the Panthers moved up, and we're able to get the first overall pick and take quarterback Pryce Young NBA in Mexico City. Good one. We treated Atlanta and Orlando gray seabasket. Craig goes underde Ls at the corner. Dejante Let's take away just three Foma books take the lead ten twenty tenswoey tea that the final Hawks radio the Caltre Young forty one points in the victory. Gianna's Sun to the Cup reported in fifty four points but had two late turnovers, and Milwaukee blew a ten point fourth quarter lead and lost at Indiana one twenty six till one twenty four Celtics are home tonight to play in the Brooklyn Nets. The Wizards host Charlotte. The Warriors don't play until Saturday, when they take on Cleveland. Bruins. Hot Start continues the hat trick for Charlie Coyle in a five to two win over the New York Islanders. Rangers Hot Start with their tenth win. They beat Minnesota four to one. Connor Bdard, the young star for Chicago, two goals to assist his best game. Blackhawks beat Tampa Bay five to three. The player of the air at women's college basketball, Caitlin Clark forty four points in Iowa season openings win. John Stanshaware Bloomberg Sports, Karen all right, John, thank you well. Straight ahead on Bloomberg Daybreak, we're going to get the very latest out of Israel. We'll be speaking with the Bloombergs Kalite Allstein in Tel Aviv. And ahead of that conversation, SNP futures are little change down, futures up a tenth of up percent. NASDAK future is down two tenths of up percent. Ten year treasury down four thirty seconds, the yeal four point sixty four percent, and the yield on the two year is at five point two percent. Nimex screwed oil up eight tenths of up percent. And this is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We want to get you caught up now on the war in the Middle East. We've seen more strikes into Syria as Israel continues its advances on Hamas in Gaza, and Israel's military now says it has agreed to quick humanitarian windows to allow people to flee the fighting in northern Gaza. For the very latest, we are joined now from Tel Aviv by Bloomberg News Economy and Government reporter for Israel, Kalie alstein Ghalid. Thanks for being with us. As always, I want to start off with this latest report that we're hearing, I think from Palestine Authority Radio about Israeli strikes on an out patient clinic in Gaza City. What more do we know? All right? Hi, Good morning, Nathan, so on the ground in Gaza Israeli army, as we know, has been operating at the heart of Kaza City over the past several days, and now we have been hearing more and more reports from the Palestinian side that some of these Israeli forces are approaching hospitals. So, as you mentioned, we heard the report from the Palestinian Authority radio that says that dozens were killed and wounded from an Israeli strike on outpatient clinics at Al Shifa Medical Complex in Gaza City. And we also hear Hamas saying that there are Israeli tanks in the vicinity of three different hospitals in northern Gaza, and these are different hospitals, Alvan Tisci, Al Nassel and Al Ajun Hospital, and the director of one of these hospitals, the Children's Hospital, issues a comment saying we've been surrounded in the hospital since yesterday and IDF vehicles are stationed around the hospital. We cannot provide even the slightest medical services, so that's what this hospital director is saying. Now, all these statements have not yet been confirmed by the IDEF, but I think we can probably definitely not probably expect more to come on that. But the Israeli military has said made some comments about potential targets in that area. What is the Israeli military saying about that? So, the Israeli military has been saying for a while that Hamas command centers are positioned underground beneath some of these hospitals. They've mainly focused on Al Shifa Hospital, and they've also presented some evidence the idea that they said was back by the US and the UK intelligence agencies. They've shown evidence that command centers of Kama's opposition beneath Al Shifa Hospital, and they say this is not the only hospital where this is happening. So that is why we are getting these reports of army, Israeli army forces surrounding these hospitals probably and this is coming after Israel's military confirmed US reports that there was an agreement on humanitarian windows in the fighting. What more do we know about that? Right? So, I think we're basically seeing a similar dynamic over the last couple of days with Israel providing humanitarian windows to allow people to flee in northern Gaza, and the IDF estimates that between fifty to one hundred thousand people have exited northern Gaza, over the last few days, with the total of almost some nine hundred thousand leaving the area since fighting began. And this is an area that usually occupies more than a million people, so that would mean that most people, according to the Ideas have left. At the same time as these people moved to the safe zones in the south of Gaza, we still see a modest number of eight trucks, that's how the UN describes it coming in from Egypt sixty five days. Trucks came in yesterday and the need is for at least one hundred trucks some day. That's what the UN said. And I think another interesting point to mention Nathan on what's coming and how long this fighting will take. We hear something on that from Israeli Prime Minister Benjaminitaniao who gives them an interview to Fox News tonight, and he says, well, it has taken a little longer than I had hoped, and he explained that this is taking longer on account of battle conditions on the ground and the safety of Ideas troops that Israel is obviously concerned with, and also getting out the hostages that they're in there. And he does admit that this is affecting the time that this operation is taking and just quickly about last thirty seconds scale. Does this say anything these comments from Nats on Yahoo about the impact that diplomacy has had on the Israeli side, Well, you know, Nathaniel denies that that Israel's agreed to any kind of ceasefire, so that hasn't been agreed upon yet. He also talks about these humanitarian fathers and he does give us a hint on the very interesting question of what will happen in the day after, and this is also associated with diplomatic talks, and he says that we'll have to find a government, the civilian government that will be there, but in the foreseeable future, we will have to make sure that this doesn't happen again. He is referring to the ectoty seven attacks. So we have to have a credible force that, if necessary, will enter godt the killers. That's from what he calls you, Homas Wilson. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify and anywhere else you get your podcasts. You can also listen live each morning, starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, seriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak. HeSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Former US Secretary of State Hillary Clinton said both Israel and the Palestinians need new leadership in order to have a chance of achieving a peace deal once the current war in the Gaza Strip ends. 2) The five Republicans scrapping to fashion themselves as the alternative to Donald Trump opened their debate Wednesday night blaming the former president for the party’s latest election embarrassment — then spent the next 90 minutes doing little to distinguish themselves from the GOP frontrunner. 3) Donald Trump’s daughter Ivanka Trump testified she had no role in preparing his allegedly inflated financial statements and wasn’t aware that he was claiming a net worth of more than $4 billion as she was trying to get a Trump Organization loan for the Doral golf club in Florida in 2011 3) Missed your favorite actors? After nearly four months of striking, they're coming back. Wednesday's deal between striking actors and studios and streaming services won't immediately restore filming to its full swing. That will take months. 5) Walt Disney, embroiled in another fight with activist investor Nelson Peltz, posted fourth-quarter profit that beat analysts’ expectations and said it will cut an additional $2 billion in expenses. Disney stock jumps.  Full Transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the war in the Middle East. The Pentagon says the US IS carried out an airstrike on a weapons warehouse in eastern Syria. Defense Secretary Lloyd Austin says the self defense strike was in retaliation for attacks on American forces in Iraq and Syria. Meanwhile, Israel says some fifty thousand more Palestinians have fled to southern Gaza as Israel's army pushes deeper in to Hamas strongholds in the north of the territory. All this as, Former Secretary of State Hillary Clinton says, both Israel and the Palestinians need new leadership. So I think you have to create the environment in which there is a chance to revitalize the peace process and a potential for a two state solution. Hamas is not interested in a two state solution. They are dedicated to the destruction of Israel. That is in their charter. If you've been watching lots of different outlets over the last month, that is what the leaders of Hamas say, you know they want to destroy Israel. Former Secretary of State Hillary Clinton added that while Israel's unlikely to agree to a ceasefire that would benefit Hamas, it probably will accept pauses to allow aid to reach civilians in Gaza. Clinton made the comments in an interview with Bloomberg's editor in chief John Micklethwaite at the Bloomberg New Economy Forum in Singapore. Well Nathan. The war in the Middle East was a major topic at last night's Republican presidential debate in Miami. The five candidates on the NBC stage were united in support of Israel, including Florida Governor Ronda Santis. I would be telling BB finish the job once and for all with these butchers. Come on, they're proris, their massacring innocent people. But there were devides over a to Ukraine and how to approach China. Of ak Ramaswami and Nikki Haley had a sharp exchange over banning TikTok in the last debate. She made fun of me for actually joining TikTok while her own daughter was actually using the app for a long time. So you might want to take care of your family first. Read my appreciation daughter man. Nikki Haley and the other candidates also went after front runner Donald Trump for skipping the debate. Jeanie she and Zano is a politics contributor for Bloomberg. She said he was a good president for the time, but he is not the right president for now. And then she pointed to the fact that he created eight trillion dollars in debt, he's wrong on Ukraine now, and the fact that we can't live in the past. Genie she Andzano notes the former president held a rally ten miles away rather than appearing on the debate stage. Meanwhile, Nathan House Republicans have issued subpoenas to members of President Biden's family. The move to subpoena the president's son Hunter and brother James comes as Republicans look to gain ground in their nearly year long investigation. So far, they have failed to uncover evidence directly implicating the President in any wrongdoing. Now to the latest developments caring in the New York Front trial of Donald Trump, his daughter Ivanka's day on the witness stand was filled with denials of any knowledge of her family's net worth calculations. Sloomberg's Ed Baxter has the story. She says she didn't know that her dad was claiming and that worth of more than four billion dollars as she tried to get a loan for the Durreal Golf Club in Florida. She flatly says she's not involved in his personal financial statements. Attorney General Letitia James says, not true. Ivanka Trump secured negotiated loans to obtain favorable terms based on fraudulent statements of financial condition, and she says the Trumps cannot hide from the truth. The Attorney General has wrested Ad Baxter. Bloomberg Radio all right ed, thanks well. From New York to Hollywood. The actors' union has reached a deal with studios to end its strike. Can we get the latest from Bloomberg's Doun Prisner. The vote by the union's Theatrical Committee was unanimous. Common ground was found on issues ranging from the use of artificial intelligence to payment from streaming services, and now, after four months, the strike by some one hundred and sixty thousand actors is over. The previously striking screenwriters have been back on the job for more than a month, so now production of scripted TV shows and movies can resume. And like the writers, the Actors' Union benefited from direct involvement in the talks by some of the most powerful people in Hollywood in New York. I'm Doug Prisner, Bloomberg Radio. All right, Doug, thanks now. Some of those most powerful people included Bob Eiger, and the settlement comes the same day Eigers Walt Disney Company posted fourth quarter profit that beat analyst estimates. Disney also says it'll cut an additional two billion dollars in expenses. Bob Iger says his company will also launch a beta trial bundle of Disney Plus and Hulu next month. We expected Hulu on Disney Plus will result in increased engagement, greater advertising opportunities, lower churn, and reduced customer acquisition cost, thereby increasing our overall margins. Man Right now, shares of Bob Bigers Walt Disney Company are higher by four percent in early trading. Well Nathan, Another CEO, is making news this morning. Bank of America's Brian moynihan said his company has a succession plan in place and that nothing is left a chance in deciding on his eventual replacement. Moynahan, who made the remarks at the Reuters Next conference, took the helm in twenty ten in the wake of the global financial crisis. And there's another bank in the spotlight this morning, Karen. That would be Morgan Stanley. Its wealth management business is under Federal Reserve scrutiny, sources say the New York based banks top regulators pressing whether the firm is taking adequate measures to prevent potential money laundering by wealthy clients outside the US. Representatives for the FED and Morgan Stanley declined to comment. And it's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker, John Good morning, Hey, Good morning Karen. Former President Donald Trump did skip the third uop to at in Miami, instead holding a campaign rally about ten miles away in Heyaliah twenty twenty four is our final battle. Stand with me in the fight. We will finish the job that we started so brilliantly seven years ago. We never had a country like we had just three years ago. Meantime, at judge in Michigan expected to hear arguments today whether the Secretary of State there has the authority to keep Donald Trump's name off state ballots for president. Various groups have filed similar lawsuits in other states, portraying Trump as the insider of the January sixth Capitol riot. They point to part of the Constitution the prohibits a person from running for federal office if they've engaged in insurrection or rebellion. Industry regulators say power grades that supply more than half of the US population may run short of electricity during an extended cold snap or severe storm over the coming winter. That story in this report from Bloomberg's Charlie Pellett. The North American Electric Reliability Corps as regional system operators in a vast swath of the country, stretching from Texas to New England, are at risk of insufficient electricity supplies during peak winter conditions. The report came in a winter reliability assessment which also showed Quebec and Saskatchewan facing the threat of power shortfalls. The outlook is even more dire than last year's report, which set a quarter of Americans were at risk of cold weather power emergencies in New York Charlie Pellett Bloomberg Radio, the population of the US climbed to about three hundred seventy million and twenty eighty before reversing course starting to fall before the turn of the century. This according to News Census Bureau projections and the bureau's most likely scenario, the number of people sixty five or older, we'll overtake the number under eighteen in just six years. Add A nineteen thirty two painting by Pablo Picasso, fem A la Montre, sold for one hundred and thirty nine point three million dollars last night at Sotheby's in New York. At a stroke, it becomes the second most expensive piece by the artist to santl at auction. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker and this is Bloomberg Karen. All right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as John said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dut Plus, Apples, Spotify, and anywhere else you get your podcasts. Four off time now for the Bloomberg Sports Update with John Stashauer, John Karen. The NBA took Tuesday off to let everyone vote back with a busy night on Wednesday, including showdowns in the East and West. Both games won by home teams by three points. In Philadelphia, the Sixers made it six wins in a row. They beat the Celtics one oh six to one oh three. They lost to Boston to the second round of last year's playoffs, when they blew a three to two series lead. The Sixers had the best record in the East and the Denver Nuggets, defending NBA champs, had the best record in the league eight and one. They beat Golden State one o eight to one oh five. N Koleokus scored thirty five points. Klay Thompson couldn't get a shot off at the buzzer as he tried to tie the game. Victor Wembin Yama's first game in New York it didn't go well. He scored only fourteen points, not only four of fourteen. The Spurs lost to the Knicks one twenty six to one oh five. The Lakers got blown out at U and lost by thirty four Lakers or zero to five on the road. Shay Gilgess Alexander report in forty three points for Oklahoma City in a win over Cleveland. Capitals lost in overtime Florida one four to three. Ron Washington, a seventy one year old baseball lifer, named the new manager of the Los Angeles Angels. He managed the Texas Rangers for eight years, won a couple of tenants there, but he has not managed in the big leagues since twenty fourteen. Not a great NFL game tonight Chicago and Carolina. The Bears will again be quarterbacked by the undrafted rookie Tyson Badge in third straight week as Justin Field's not ready to return from the injured thump. John stash Ellert Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We want to take you to Singapore now and the Bloomberg New Economy Forum, where world leaders have been weighing in on the economy and geopolitical risks, including former Secretary of State Hillary Clinton. She sat down with Bloomberg News Editor in chief John Micklethwaite to discuss Israel, Ukraine, China, and the future of the United States. They began with a discussion on President Biden's upcoming meeting with Chinese President She Jinping. Part of the reason it was, you know, somewhat more positive when I was there and we had a very regular set of meetings is because Hu Jintao was a Chinese leader who decided he would not stay for life, he would fulfill his term, he would follow the guidance of the Chinese Communist Party, there would be a transition a new group of leaders. You know, some holdovers, but you know, other new faces would be in power, and so there could be a constant renewing of both the Chinese government and through that the American relationship. Once she Jin Ping decided to stay in office for life, that creates a lot of you know, challenges within their own system, and I think we're seeing some of that. And so part of what I hope will come out of this meeting is an attitude by President Shei that you know, he wants to get back to some kind of regular order, that he sees it in China's interests to really dig in with the President Biden, develop a platform for discussions for problem solving, really sending that signal. I think he will find a receptive partner with President Biden if that's available. Israel and Hamas, I think you are in favor of a humanitarian pause or pauses, but you're against the SIESFA which many people in this region asking for. You know, the numbers of dead arising rapidly ten thousand according to Hamas Italy, but you still got like eighty nine dead at the UN which is a gigantic number for United Nations, the Red Crescent and so on. Can you perhaps explain why you don't want to cease far? There is a difference between a ceasefire which would in effect freeze the situation in Hamas's favor. I negotiated a ceasefire between Israel and Hamas in November of twenty twelve, and at that point both parties did not want to go any further. The breaching of a pre existing ceasefire by Hamas with rockets being sent into Israel had not caused a lot of damage, and there also had not been the development of the infrastructure of terror that Hamas has built in Gaza. I don't know any nation represented at the New Economy Forum faced with the kind of assault that Israel was faced with by Hamas that would not be number one defending itself and number two trying to prevent it from happening again, because with every other cease fire it did happen again until finally we got to the breach of a ceasefire which was in existence on October seventh with the terrible attack by Hamas. So a ceasefire, if it were possible which frankly, I don't think is possible. I don't think you know, Israel is interested in a ceasefire at this point, but they are perhaps willing to have what we do call humanitarian pauses for the purpose of both getting aid in to try to assist the civilians in Gaza, but also getting the more than two hundred and forty hostages out. You know, these hostages are not just Israeli. One of the biggest groups of hostages are workers from Thailand who are working on farms in Israel. So there is a global dimension to the hostages that a pause could perhaps inspire some willingness on the part of Hamas to let the hostages go. But a ceasefire that would freeze the situation at this point is not something that is going to, you know, really undermine Hamas's capacity, especially with two hundred miles of tunnels that they have constructed over the last decade, to launch yet another attack on Israel, and that would be intolerable, and I think it would be intolerable for you know, any nation represented at the forum. Well, this seemed to be kind of two big theories going on about this war. One is that this is the end of the peace process, the other, which you've championed. The other is that this is if nothing else, this will prompt finally some move towards the two state solution. Which which which side of that do you fit on? Well? I actually try to fit on both, and I'll tell you, John, I think it's important to have some aspiration, some goal that we can look toward. Many of us, my husband particularly, worked very hard on trying to get a two state solution, and it, frankly, in retrospect, is heartbreaking that Yaser Arafat walked away from the deal that Bill had broker between Israel and the Palestinian authority back in two thousand. There could have been a Palestinian state up to ninety seven percent of the land from the nineteen forty eight division that would have been in existence for twenty three years now. So I think you have to create the environment in which there is a chance to revitalize the peace process and a potential for a two state solution. Hamas is not interested in a two state solution. They are dedicated to the destruction of Israel. That is in their charter. If you've been watching lots of different outlets over the last month. That is what the leaders of Hamas say. You know, they want to destroy Israel. So Hamas is not a partner for any kind of peace or two state solution. But the Palestinian authority might one time again be. New leadership in Gaza might again be So we have to get to a point where that's possible. Do you think that Benuine Nasignol, who is a partner for a two state solution. I don't think there is any evidence of that. I think the Israeli people will have to decide about his leadership. I think there will be investigations about what led up to and what happened on October the seventh. But I think there needs to be new leadership of the Israelis and the Palestinians in order to have any chance at some kind of peace deal, especially a two state solution. There's one area just I lost you once serious one, then that are slightly more amusing one. But on the serious side, you look at things like Ukraine. At the moment, there is definitely a strategy among America's enemies. You could see putin waiting perhaps for Trump, trying to dig in and wait, but also I think also counting on Congress where you feel that Congress feels over extended. It's got the border, it's got spotenningh I'm in Israel. Do you worry about America feeling as if it's over extended and unable to carry out the kind of global policies that you believed in. Well up until now, the Biden administration has done quite a remarkable job. I mean, they put together a coalition to support Ukraine, which I think many people would have thought unlikely when Biden took office. So I do think the legislative agenda that Biden got passed is also another very strong indicator of being able to get things done. I do agree with you that it is going to be challenging in the Congress to get more funding for Ukraine to provide the funding Israel needs to provide the kind of support that is required to keep our alliances strong around the world. But at the end of the day, I think the president will get that. And I also think there's an opportunity for the President because the Republicans in the Senate have said, you know, we're on board with all of this, but we want to make some changes at the border. I think that, you know, the Democrats should negotiate to see what kinds of changes would be palatable for the Democrats in order to secure the border, in order to make it clear that you know, Democrats want a secure border and a humane system for people who are trying to enter the United States, but we want it to be orderly. So I think there's going to be a lot of tough negotiation. At the end, I think the president will get what he needs. One very last things on the Republican side, you will have noticed how much traction Nicky Haley has been getting as a woman who was the American ambassador the UN. Do you think that Biden was to stumble that might be room for another woman with slightly more foreign policy. Well, I don't know the answer to that, but I hope Biden doesn't stumble. I hope that he goes all the way to the finish line because I think he's earned it, he deserves it, and you know, honestly, the only real argument or complaint is that he's old. And you know what, I think everybody who's his age would be very happy if they were as productive as he is and has gotten as much done as he has, and traveled the schedule he's traveled, so you know, I'm going to continue to support him, and I think he's our best candidate for twenty twenty four. And that was former Secretary of State Hillary Clinton speaking with Bloomberg News Editor in chief John Mikelthwaite. This is Bloomberg day Break Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Ohio voters enshrined abortion rights in their state’s Constitution, a boon for Democrats running on the issue and complicating Republicans’ approach to the 2024 elections. 2) Political polarization has helped make 2023 the biggest off-year for ballot measures in more than a decade in the US, 3) Israel said its troops have entered the middle of Gaza’s main city, as they continue their operation against Hamas. 4) Two days after former President Donald Trump testified at his New York Fraud trial, it's his daughter Ivanka's turn to take the stand.    Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with last night's election results and a major victory for abortion rights in Ohio. Voters approved Issue one, which enshrines the right to abortion access in the state constitution, by a fifty six to forty four percent margin. Bloomberg Politics reporter Mark Niquette is in Ohio and has more It passed pretty overwhelmingly. And what's going to get a lot of attention is this past in what has become a Republican state. And it's clear that this issue passed even in counties that Donald Trump carried pretty handily in twenty twenty. Bloomberg's Mark Mniquette reports this makes Ohio the latest state to back abortion rights after last year's Supreme Court decision to overturn Roe v. Wade. In the interest of transparency, we should note that Michael Bloomberg, founder and majority owner of Bloomberg Radio parent Bloomberg LP, donated a million dollars to the campaign supporting Ohio's abortion rights amendment. Well Nathan, It was also a good night for Democrats in Virginia, with every seat in the state legislature up for grabs. Democrats won majorities in both the House of Delegates and the state Senate. It's a blow to Republican Governor Glenn Youngkin. He's seen as a presidential contender in twenty twenty eight and had hoped to pass a fifteen week abortion band with GOP control. And in another major race, Democrat Andy Basher has won a second term as governor of Kentucky, a state former President Donald Trump carried by nearly twenty five points in twenty twenty And In other political news, Karen Tonight, in Miami, Republicans hold their third presidential debate. Five candidates will take part. Ron De Santis, Sneaky Haley, Vivek Ramaswami, Tim Scott, and Chris Christy Well Nathan notably absent, will be GOP front runner Donald Trump. Two days after the former president testified at his New York fraud trial, it's his daughter, Ivanka's turn to take the stand, and Bloomberg's ad Baxter has the story. The trial issue is whether Donald Trump inflated the worth of his properties to lenders and other business dealings. Ivanka Trump has pretty much disappeared from the public spotlight, opting to leave both New York and Washington, d C. For Miami, but part of what prosecutors want to look at as her role in several real estate transactions, as well as the valuation of her New York apartment, which they say was priced at about two and a half times the value ed Baxter Bloomberg Radio. Okay, Ed, thank you. We now turn to the latest developments in the war in the Middle East. Israel says its troops have entered the middle of Gaza's main city. Meanwhile, Saudi Arabia's Minister of Investment says talks toward normalization of ties with Israel remain on the table, Despite the Kingdom criticism of Israeli military action. We spoke exclusively with Khalid Alfala, you know when those discussions were taking place, and his Royal Highs, the Crown Prince was clear that it is contingent on a pathway to peace for resolution of the Palestinian questions. That was on the table, that remains on the table. And obviously the setback over the last month has brought that has clarified. Why was Saudi Arabia so adamant The resolution of the Palestinian conflict has to be part of a broader normalization in the Middle East. Saw the Investment Minister. Khalid Alfala added his country is pained on a human level at the loss of life in Gaza and in Israel. He spoke at the Bloomberg New Economy Forum in Singapore. Well back in the US, Nathan, the House is voted to censure Democrat Rashida Tahlieb of Michigan for her rhetoric about the Israel Hamas war, and Speaker Mike Johnson presided over the vote on this vote. Quote. The yea's are two one hundred and thirty four and the nays are one hundred eighty eight, with four answering present. The resolution is adopted. The House's action was an extraordinary rebuke of the only Palestinian American in Congress to leave defended her stance, saying she quote will not be silenced and I will not let you distort my words. Turning to markets now, Karen, the s and P five hundreds. Coming off seven straight days of gains. Today, investors await more clues on interest rates from a host of Central Bank officials, including FED share J. Powell. Yesterday, FED Governor Christopher Waller commented on the recent jump in tenure yields since the beginning of July. This thing has gone way up, almost a full percentage point. I think in Central Bank terms of financial markets, that's an earthquake. Governor Chris Waller notes yields on ten yere treasuries have climbed more than one hundred basis points since the end of July. Well, earnings will also be on investors' minds. This afternoon, we hear from Disney, Nathan and Bloomberg Stown Buzzby as a preview. With strong revenue expected at its theme parks, Disney forecasts report overall earnings growth for last quarter and to once again add subscribers to its flagship Disney Plus streaming service investors also watching any comment on when that streaming business will be profitable, the latest on spinning off its ESPN network into a separate streaming unit, and updates on selling off a ABC network and other non core media holdings. Bloomberg consensus calls for adjusted earnings per share of sixty nine cents revenue of twenty one point four to three billion dollars. Tom busby Bloomberg Radio, Okay, Tom, thanks and after the bell earnings to get you caught up on watching Shares of Robinhood They're down seven and to half percent in early trading. The online brokerage reported revenue that missed estimates. Bumble shares are down nine percent, a day after announcing it would replace its CEO. The dating app reported worse than expected revenue guidance. Rivian Automotive shares are up six and a half percent. The ev makers raising its forecast for overall production this year, and forgive me. Shares of Toast are Toast this morning they are down seventeen and a half percent. The restaurant software company lowered the upper range of its full year revenue forecast, and it is time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tunker. John Good Morning, Good morning, Karin. History made in the City of Brotherly Love. Among the results of tuesday's election, Democrat Cherrell Parker won Philadelphia's mayoral election. Parker becomes the first female mayor of the city. No matter where we went, our message stayed the same. And guess what I learned during that time Philadelphia that people were yearning for authenticity. Parker won with seventy four percent of the vote. Another first in the nation's small estate, Democrat Gave Mmo defeated Republican Jerry Leonard to win Rhode Island's first congressional district seat and become that state's first black candidate to elect it to Congress. The journey of so many Rhode Islanders and their families is one of Britain, hard work, determination and resilience. And I stand on the shoulders of so many who came before me to make this day possible. Imoll picked up sixty five percent of the vote there. Based on questions for the bench, a majority of justices on the Supreme Court appear inclined to uphold a federal gun ban on people who are under restraining orders for domestic violence. The Solicitor General, Elizabeth Prelogord defended the law. The constitutional principle is clear, you can disarm dangerous persons. The federal ban has been on the books for thirty years. We Works collapse is spreading through the battered commercial real estate industry, threatening to upend dozens of leases in cities including San Francisco and New York. That story from Bloomberg's Charlie Penllett. The co working giant spiral into bankruptcy, hit landlords along the way as it renegotiated and sought to exit many leases. Now Monday's bankwet see filing and a plan to terminate nearly seventy of those contracts is set to exacerbate issues facing many of we Work's landlords. The tenant wants out and could have more power to leave. Office owners have been grappling with a slowdown spurred by higher borrowing costs that are pressuring building values, as well as a shift in tenant demand with a rise in remote work in New York. Charlie Pellett, Bloomberg Radio and Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this is Bloomberg Karen. All right, John, thank you. It is time now to get a check of sports. But first we're going to tell you that you may bring your news throughout the day here on Bloomberg Radio. But now, as John said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcast. Now is Sports Hears John stash Hour, John Karon. The college basketball season is underway and it begins with Kansas ranked number one. The Jayhawks had a season opening win on Monday, and the day after, they restructured the contract of their longtime coach Bill Selph. He's won two national championships, he's already in the Hall of Fame, and self's new contract means that he surpasses John Caliperi. He's now the highest paid coach in college hoops Baylor being Auburn eighty eight eighty two, a win for Saint John's playing for the first Summuner, their new coach, another Hall of Famer Rick Patino. There was no NBA. There's some big ones tonight. It's the Celtics and Sixers in Philadelphia. Both teams are five and one. Philly's four and oh at home Denver the defending NBA Champs seven and one, five and oh at home. And tonight welcoming in the Golden State Warriors. San Jose Sharks finally got a win. It was two to one over Philadelphia. That's their first win of the season. It comes in their twelfth games. See. Titans say they will stick with rookie quarterback Will Levis even when the incumbent QV Ryan Tannehill returns from his ankle injury. Lev Is very impressive in his first Star with He threw four touchdown passes. They drafted him in the second round out of Kentucky. Kyler Murray's going to make his season debut for Arizona on Sunday, back from the torn ACL suffered last season. Josh Dobbs not surprisingly becomes the starter in Minnesota. He was pressed into duty last Sunday because of an injury to the rookie quarterback who went down and Dobbs rallied the Vikings to victory. Of course, they've lost Kirk Cousins for the season. John Stanshleyer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. We want to get you no more results from last night's off off year elections. Abortion rights may have been officially on the ballot in just one state, but the issue may have driven voters in races beyond that state Ohio, and into Virginia and perhaps beyond for more. We're joined now by Bloomberg News Senior editor Bill Ferries. Bill, good morning. It was a pretty overwhelming result for Issue one in Ohio. Does that results have residents into next year's election? Absolutely? I think for Democrats who have been really trying to get the party to focus on abortion rights, they're all seeing what they would call victories in Ohio, Kentucky and even Virginia last night, and I think they're going to say that that is a positive way forward for them looking into twenty twenty four after what is probably many would say has been a tough week looking at Paul showing President Biden perhaps lagging former President Trump in a number of the key swing states. So this is something I think, given the results last night, you're going to hear Democrats talking a lot more about in the coming months that abortion. I'm sorry. That result in Virginia in particular is pretty interesting because the Republican governor there, Glenn Youngkin, who's been talked about as a potential presidential candidate, not just in twenty twenty eight but this this cycle as well, had campaigned pretty hard on this idea that if Republicans took over the state legislature, that a fifteen week abortion ban could be passed in Virginia. What does this result for Democrats winning in Virginia mean for Youngkin's political prospects. Well, for Democrats, I think it's a big sigh of relief that the Virginia still came in I think on their side, and looks like both chambers are going to be in Democratic hands going into the going in the next year for Young Kin, I think it's going to be it's going to make that idea that he could be some sort of last minute candidate if for some reason Donald Trump is not in the race. It starts to rule that out. He has a much weaker hand facing Democrats in both chambers in terms of being able to get his policies passed and dominating the agenda. I think Democrats are going to try to set the tone once they take their seats. It does, you know, it's still I think the idea that Youngkin could could be a candidate in twenty twenty eight is also tested a little bit. It's so early to even be talking about that at this point. But if you're a potential yet we do. If you're a potential candidate looking that far ahead, you think about the agenda you want to set, the accomplishments, the legislative accomplishments you'd like to have. And I think this makes that a lot harder for someone like Governor Youngkin to plan out and game out ahead of that election. You know, almost five years from now. You mentioned Democrats potentially talking more about abortion rights into this election cycle. What about the economy, that's been an issue that this present has struggled to gain traction on. Does abortion override economic issues for voters in this election cycle? You know, that's the economy is often the deciding factor for a lot of voters going into the polling booth. I think there are definitely voters on both sides who would view abortions as the key issue, the biggest thing, the most important thing to them. But in the end, you know, I think the economy is often what swings voters either way, particularly those independent voters in the middle. If heading you know, in the months heading into November twenty twenty four, they're feeling better than they are now about the economy, that probably benefits the incumbent of the Biden administration. If they're feeling worse and there's a lot of signs that, you know, the economy could be struggling more next year than it is this year, then that makes it I think a harder slog for the president and his team to argue that they should remain in place. So it's the economy, you know, it's that Carville saying it's the economy stupid. I think that that's always going to be if not the biggest, one of the biggest factors. We know that voters right now are not very pleased with where things are, even if some of the numbers are perhaps better better than forecast. In the time we have left, Bill, I want to talk about geopolitics and the latest in the Israel Hamas war, with Israeli troops getting gaining ground in Gaza City and now the G seven commenting what's the latest. Yeah, so we heard from Israel, Israel's defense ministers today saying that their forces are now in the heart of Gaza City. You know, they've been they've kind of encircled Gaza at this point, and they say they're going after key Hamas leaders and trying to destroy some of the tunnel networks and the weapons depots that have been built up there. And the G seven coming out today, the foreign ministers coming out with a unified statement saying that there should be humanitarian pauses in the war. That's of course separate from a cease fire. But Israel, who's even pushed back on the idea of some of the pauses, saying that aid is getting in and any pause would only benefit Hamas. So lots of complicated politics going on there still. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon alection devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, SERIUSXM, the iHeartRadio app, and on Bloomberg. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

On today's podcast: 1) Israeli Prime Minister Benjamin Netanyahu said he sees his country having security control over Gaza for an “indefinite period,” suggesting it will maintain that role even after fighting in the besieged territory ends. 2) Donald Trump took to the witness stand Monday morning and within minutes turned his day in court into a live Truth Social post. No one understands real estate like he does, Trump testified, and the banks knew what they were doing. The judge sitting next to him is “biased,” the court is a “fraud” and the case against him “crazy,” Trump said, voice rising. 3) Former high-flying startup WeWork filed for bankruptcy listing nearly $19 billion of debts, a fresh low for the co-working company that struggled to recover from the pandemic. 4) In football, the Los Angeles Chargers break the New York Jets 3-Game win streak Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the war in the Middle East. Today marks one month since the Hamas attack in southern Israel that's set off the conflict. Now, the Hamas run health ministry in Gaza says more than ten thousand people have been killed since the fighting began on October seventh, but Israeli Prime Minister Benjamin Netanyahu is rejecting calls for a ceasefire. There'll be no ceasefire, general ceasefire in Gaza without the release of our hostages. As far as tactical little pauses an hour here, an hour there, we've had them before. I suppose we'll check the circumstances in order to enable goods, umanitarian goods to come in or our hostages individual hostages to leave. But I don't think there's going to be a general seas far and Prime Minister Natanyah, who tells ABC News Israel could have security control over Gaza for an extended period. Israeli military spokesman Peter Lerner tells Bloomberg Radio the goal of war is to dismantle humous as a governing authority and a terrorist entity. Of course, we understand that that role, that goal is a very expensive goal and it will take time. And so the operation itself, the war itself, is an open ended war. It so we don't have any power glass counting the minutes until we end. And you can listen back to our entire interview with Israeli military spokesman Peter Lerner on the Bloomberg Talks podcast. Well, Nathan, back here in the US, the civil trial continues in New York against Donald Trump. It was a fiery day one. On the witness stand for the former president of Bloomberg's, Ed Baxter has the story. Trump yelled at the judge, said he was biased, and the court was a fraud, was a skill, and this is the case. It should have an attorney general. Letitia James says she got what she needed. At the end of the day, the documentary evidence demonstrated that, in fact, he falsely inflated his assets, and Bloomberg's Patricia Hurtado says she's never seen anything like it. He was claiming that I've done real estate for fifty years and as a developer, basically I have a right to just declare magically what Something's worth. Daughter Ivanka is on the stand Wednesday Ed Baxter Bloomberg Radio. Okay and thank you now. Donald Trump will not be participating in tomorrow Night's Republican presidential debate in Miami. Five candidates will. They are Ron DeSantis, Nikki Haley, Vivek Ramaswami, Senator Tim Scott, and former New Jersey Governor Chris Christie. Former White House chief of staff mc mulvaney says Trump's decision not to participate may have repercussions. I think it may come back to haunt him when Joe Biden, assuming Bibes's the Democrat nominee, has the ability then with good reason to say, oh, Donald, you didn't debate in the primary, I'm not debating you in the general. And Trump would be desperate for a debate headhead against Bid and Bide would be desperate for an excuse not to do one. And former Trump White House Chief of Staff mcmulvaney says Nicky Haley is the one with the most to gain from this debate. Mulvaney was on Bloomberg Sound On with Joe Matthew. You can catch the program one pm Eastern on Bloomberg Radio or listen on demand wherever you get your podcasts. Well, Nathan, Before we get to that Republican debate tomorrow, voters head to the polls today to vote on some key issues. So Hio residents will decide if access to abortion care should be enshrined in the state's constitution. It'll be closely watched nationally as a gauge of a key issue ahead of the twenty twenty four presidential elections. And in Virginia, Republican Governor Glenn Younkin is campaigning hard for his party to hold the state House and reclaim the Senate majority GOP victories. Goodline Youngkin up as a potential alternative to Donald Trump as the party's twenty twenty four presidential nominee. Well, Karen, let's turn now to the markets. We're watching shares of ubs they are hired by more than three percent. In Europe, the Swiss Bank, which took over Credit Sweee earlier this year, reported stronger than expected client inflows. We get more from Bloomberg's Guy Johnson in Zurich. We are getting some stabilization in terms of client money to keep the wealth management division that is really important. So we managed to stabilize that that may be give than the opportunity to start to kind of accelerate things here a little bit. But these circle numbers are basically just bridge numbers. We we waiting for the fullier numbers and at that point we're going to get a strategy update. At that point, we're going to get a clear idea of where Sergio Mossy, the CEO, and the rest of the team are going to take this combined Edsito mean Bloomberg Sky Johnson says overall, UBS posted a quarterly net loss of seven hundred and eighty five million dollars, its first quarterly loss in almost six years. Well Staying in the banking industry, Nathan Morgan Stanley's James Gorman, who's preparing to step down as CEO at the end of this year, says he will vacate his post as chairman by the end of twenty twenty four. Gorman made the comments in an interview at a nie K forum in Tokyo. Ted Pick, a co president and three decade veteran of the firm, will be elevated to the top role in January, and turning to the US economy, Karen, it is too early to declare victory over inflation. That's the view from Minneapolis Fed President Neil Kashkari. We're making progress. The job market remains strong, the unemployment rate is still quite low at around three point nine percent, So overall the fundamentals are healthy. But we haven't completely solved the inflation problem. We still have more work ahead of us to get it done. Speaking of Fox News, Minneapolis Fed chief Neil cash Care ads he's nervous about declaring victory on inflation too soon. Well. In Corporate News, Nathan, it was once a high flying startup, and now we Work has filed for bankruptcy. The company said had struck a restructuring agreement with creditors and with streamline its rental portfolio of office space. We works collapse as the culmination of a year's long saga for the company, which was once the biggest office tenant in Manhattan. And Karen Bloomberg News has learned SpaceX's on track to book revenues of about nine billion dollars this year across its Rocket launch and Starlink businesses. SpaceX has projected a rise to around fifteen billion in twenty twenty four. The figures represent a rare look into the finances of the Elon Musk led company, which sells commercial space on its reusable rockets as well as Internet beamed down from a constellation of satellites. Right, Nathan, thanks time now for look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker. John, good morning, and good morning, Karon. The US government's debt interest build has now soared passed one trillion dollars. The story in this report this morning from Bloomberg's Jeff Bellinger. Bloomberg analysis shows annualized interest payments on the US government debt pile climb past one trillion dollars at the end of last month. That amount has doubled in the past nineteen months and is equivalent to fifteen point nine percent of the entire federal budget for fiscal year twenty twenty two. The worsening metrics may reignite debate about the US fiscal path amid heavy borrowing from Washington. That dynamic has already helped to drive up bond yields, and it led Fitch Ratings to downgrade US government debt in August Jeff Bullinger, Bloomberg Radio. The Supreme Corps today is taking up a challenge to a federal law that prohibits people from having guns if they're under a court order to stay away from their spouse, partner, or or other family members. The Federal Appeals Court in New Orleans struck down the law. Following the Supreme Court's bruined decision. In June of twenty twenty two, I Well Governor Kim Reynolds officially throwing her support behind Florida's governor for the Republican presidential nomination, Ron DeSantis is the person that we need leading this country. At ABC News. IPS's polls shows if the Republican Party nominates someone other than former President Trump, more Republicans said it would be more likely to turn out and vote an election day. Talks with striking Hollywood actors are ongoing after the union rejected with the studios called their last best and final offer. The Strength started in July. Netflix co CEO Ted Sorrando says he's hopeful and agreement will be reached soon. We're in the business of telling stories. That's what we want to do every day. So his grind to a hall for a few months, and so we're going to try our best to get things up and running and get the output. Becka for our fans too. Ted sarandas with Netflix, spoke to Reuters. Elon Musk's company, Neurrolink, is seeking a volunteer for its first clinical trial, as looking for someone willing to have a chunk of their skull removed by a surgeon so a large robot can insert a series of electrodes and super thin wires into their brain. Global news twenty four hours a day and whatever you want it with Bloomberg News Now. I'm John Tucker and this is Bloomberg Karen. All right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But as John said, you can now get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com, plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour, John Karen, what did I football? The cab Week nine Chargers at the Jets and LA's Darius Davis ran a punt back eighty seven yards. I'm minted forty five into the game. Chargers went on to have eight sacks and crushed the Jets twenty seven to six. Both teams are now four and four. The Celtics are five and one. Their first loss of the season came in overtime at Minnesota, one fourteen to one oh nine. The Sixers are five and one. Joel mbing forty eight points in a one forty six to one twenty eight win over Washington. The Wizards are one and five. Steph Curry scored thirty four. Golden State won at Detroit, won twenty to one. Oh nine. Bruins keeping the hot start. They're ten to one and one. They've beaten Florida twice. They were stunned by the Panthers in the playoffs last season, Boston won three to two. College basketball is underway a lot of blowouts, including number one Kansas winning by forty three. Second ranked Duke won by thirty eight, Third ranked Perdue won by fifty three, but Michigan State, ranked fourth in the country, stunned in overtime, lost to James Madison. Michigan State's longtime coach Tom Izzo nephew as an assistant for James Madison. Three baseball teams have new managers. The Cleveland Guardians hired thirty nine year old Stephen Boyd, just recently retired as the player, spent last season as a low level coach in Seattle. He replaces They're retiring Terry francona great counsel, leaving Milwaukee after nine years with the Brewers, but stayin in the NL Central. He's the new manager of the Cubs. The Mets new manager is his former Yankee coach, Carlos Mendoza. John Stanshiawer Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. It has now been one month since the deadly Hamas attack in southern Israel and the retaliatory war in Gaza shows little sign of slowing. The Israeli military says it has Gaza City surrounded and is moving closer to the city the center as it carries out operations from the ground and air, while the Hamas run health ministry in Gaza says the death toll from this month of war has now passed ten thousand. For the latest were joined by Bloomberg News Israel government and economy reporter Galite Alstein Ghalite, good morning. We are one month into this war. Given what we're hearing from Israeli leaders in the political and military spheres, what could month two look like? Yeah, so, actually we've been hearing on Prime Minister in Nathaniel On tonight, he speaks to NBABC News in an interview. He references the talks of a possible ceasefire in the Gazza striep, and he says that it's totally dependent on the release of all Israelis being held hostage by Hamas. However, he does say that Israel could allow tactical passes for humanitarian purposes. He says, and our hear and our their quote unquote, and he explains that in his opinion, the ceasefire would hamper the war effort because the only thing so he says that works on these criminals. As he refers to Hamas, is the military pressure that Israel has been excerting. So we also hear on Israel's defense minister, you're Afghan speaking today, he doesn't give a very specific wife frame for the war moving forward, but he does say it will take more than a week or two, so we can at least read into what he says is the fighting going on for several more weeks, the fighting itself for several more weeks, but what comes after, what comes as far as the change of leadership that Israel is looking for after it achieves that goal that it's set out to dismantle and destroy Hamas. So I think that is still a question that remains to be answered, and I do not think that there is a clear answer. Also for any Israeli officials or other official shows we're involved in some sort of talks or vaccinal talks on this som on this matter, it is a complicated issue. If I go back home to what Nataniel said last night, he didn't discuss some who would be ruling or who would be leaving Gaza in the day after, but he did say that for an indefinite period after the war. Israel would like to maintain, will maintain and will want to maintain and overall security responsibility in Gaza, suggesting that it will maintain that roll even after the fighting in the territory end. So that does not mean that Israel will will occupy Gaza and will rule there, but it will definitely want we want an arm and a leg in the security responsibility. In the strip you mentioned the Prime Minister natanyahuo talking about tactical pauses in the fighting. We heard from Secretary of State Anthony Blincoln over the weekend in his whirlwind trip talking about humanitarian pauses. Is there really a difference between those two ideas well? You know, I think when you speak about human humanitarian pauses, like Nathaniel said himself, you speak about very brief arm positive he said, an hour here, an hour there, while seasfire fire as much you know, wider concept that basically doesn't even seem possible now in the sense that there are a lot of Israeli troops and thousands of Israeli troops on the ground in Gaza encircling Gaza City fighting there, and uh and the and the and the wider seas fire and overall seasfire that would see fighting completely pause for a longer time than an hour or or a couple hours here and there doesn't seem possible as long as so many Israeli troops are in the ground and there's so much competing going on on the ground. We've also heard Israeli leaders say that there's no humanitarian crisis in southern Gaza from what we can tell with the situation on the ground. Uh does that square with what we're seeing. So look, we're saying, first of all, we're still seeing that. The Israeli Army saying that it continues to operate a sa corridor even today for four hours towards Wadi Gaza, So that would mean people moving still moving from northern Gaza to the southern part. And the visually Army publishes documentation today of residents living the Day two neighborhood that's a neighborhood in the southern part of Gaza City waving white cloths at tanks, meaning they want to say, you know, we're innocent civilians led us through and the army is doing that. And we also saw yesterday the Egyptian border did eventually reopen for the evacuation of foreign nationals and dual citizens, and also a handful of injured people. We do not know the exact numbers, but that did happen. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak. 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On today's podcast: 1) The United Nations said no foreigners, dual-nationals or injured Palestinians were able to leave the Gaza Strip over the weekend. Israeli troops encircled Gaza City and effectively cut off the northern part of the Palestinian territory from the south, according to the military. 2) Donald Trump Jr. told a judge he wasn’t involved in preparing financial statements for his father’s real estate company that are at the center of New York state’s civil fraud trial. 3) Billionaire investor Warren Buffett's Berkshire Hathaway is feeling the effects of the deals drought. Its cash pile scaled a fresh record in the latest quarter, hitting more than $157 billion.  4) Plus, Kansas City Chiefs beat the Miami Dolphins and the Buffalo Bills lose to the Cincinnati Bengals.  Full Transcript:Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest on the war. Israel's military says its ground forces have now encircled Gaza City and taken control of a Hamas base. We get more from Bloomberg's Paul Wallace. They stepped up their assault overnight and they've now encircled Gaza City, which the Israeli military has described as the center of gravity for Hamas's operations. They also say they've effectively cut the Gaza Strip in two now between the north, where they're focusing their military activities, and the south, where they're hoping, since the side of this conflict, for civilians to evacuate too. And Bloomberg's Paul Wallace reports Israel also says a humanitarian corridor for Gaza City area residents to move south remains open well. Nathan Diplomatic efforts to stop the fight and continue. Secretary of State Anthony Blincoln is now in Turkey after an unscheduled to stop in Baghdad. B Lincoln says more needs to be done to get aid and to go. We have about one hundred trucks a day going in. That's good, but it's grossly insufficient. So now we're working on raising that significantly so that more aid in a sustained way gets into a Palaestine who needed and Secretary of State Blincoln also met with Palestinian Authority President Mahmuda Bass in the West Bank on Sunday, and Karen is Israeli bombardments continue. Senior US senators are raising growing alarm about civilian casualties. Independent Vermont Senator Bernie Sanders says Israel needs to stop the bombing. Now, you had six hundred over six hundred thousand people pushed out of their homes. Where are they going? They're staying in United Nations facilities overcrowded. This sononof water, do zunonof food, the sononof medicine, not enough fuel. You got a humanitarian disaster. Senator Sanders spoke on CNN State of the Union. White House Deputy National Security Advisor John Finer says he shares that concern, but Israel needs to address the threat from Hamas. Not only does that threat continue to exist, but you can see to see Hamas say that if given the opportunity, they would conduct a version of what they did on October seventh, again, so the threat has not been eliminated. Deputy National Security Advisor John Finer was a guest on CBS's Faced the Nation, which you can hear every Sunday right here on Bloomberg Radio. Well, Nathan, we now turned to the civil fraud trial of Donald Trump. The former president is scheduled to take the stand today. On bloom Bloomberg's Ed Baxter has the story, Donald Trump has made a living touting his worth and business acumen, and today prosecutors will directly question him an open court about what the judge has already ruled their inflated values. His son Eric says his dad is very fired up. He's already been fined fifteen thousand dollars and two fines for violating a gag order, and the past is called the judge unhinged Trump hating radical left democratic operative. In deposition, he called it the greatest witch hunt in the history of the country and called Attorney General Letitia James an out of control prosecutor Ed Baxter and Work Radio, all right and thank you. In geopolitics, Treasury Secretary Janet Yellen and her Chinese counterpart will hold two days of talks in San Francisco this week. It's a step toward more normal ties ahead of a long anticipated meeting between the leaders of the world's two largest economies, Yellen and Chinese Vice Premier Holy Fang, the nation's top economic official, will meet Thursday and Friday. Turning to the markets, now, Nathan A record for Warren A. Buffett is Berkshire Hathaway's cash pile, reaching more than one hundred and fifty seven billion dollars. It was fueled by elevated interest rates and a lack of meaningful deals. Begin more from Bloomberg's Charlie Wells, this feels a little bit like a good and a bad problem. So sort of going, say, as a regular person to the store, having a lot of cash and not knowing what to do with it because you just don't see anything to buy. That is sort of a problem written large for Berkshire Hathaway right now, where a lot of the money that they do have is parked in short data treasuries. They have been really feeling the benefit of the yields there. But for this company that is known from making smart long term investments for acquiring companies that Buffett really believes in This just seems to indicate there's not a lot of value out there right now. It's Bloomberg Financial reporter Charlie Wells who says Berkshire reported operating earnings of more than ten and three quarter billion dollars in the quarter, and meantime, Karen wall Street's looking for another busy week for earnings, and we get a preview of that from Bloomberg's Charlie Pellett. Just over four hundred members of the S and P five hundred index have reported so far, and many US companies have been putting on a better than an expected show for their third quarter results, boosting investor confidence. Nattie lovell Is, Senior US Equity Strategistic, UBS Financial Services, the early season is coming in better than expected, and so we think that the outlook continues to improve. Among some of the names reporting this week, the Walt Disney Company, Armholdings, Biogen, Devin Energy, d R, Horton, Ubs, and Uber in New York. Charlie Pellett Bloomberg Radio, All right, Charlie, thanks, so he turned to the economy now. At Atlanta, FED President Raphael Bostik said policymakers can be patient when it comes to interest rate moves. Today, my outlook is that we're going to stay on that slow and steady and if we continue to do that, then I think where we are now will be sufficiently restrictive to get us to the two percent level for inflation. But there's still a lot that's going to happen between now and even the next meeting. Helena FED President Rafael Bostik made the comments in an interview with Bloomberg. So Michael McKee and catch the entire interview on the Bloomberg Talks podcast and Karen. Elon Musk has revealed his own artificial intelligence bought to challenge chat GPT. It's called Grock and it is the first product from Musk's Xai company. It is now in testing with a limited group of US users. Earlier this year, Elon Musk was among signatories of a petition calling for a pause in advancing AI models in order to allow for the development of shared safety protocols. Time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker, John good Morning, and Karen the Biden Administration providing sixteen point four billion dollars for rail infrastructure projects along Amtrak's busy Northeast quarter. Let's get more in this report from Washington and Bloomberg Steed Podisk. The new funding includes three point eight billion dollars for the Gateway Hudson River Tunnel, which officially began construction Friday. It will benefit twenty five passenger rail projects overall. The money will help to rebuild tunnels and bridges, upgrade tracks, station power systems and signals, and advance projects to increase operating speeds. The Northeast carridor stretching from Boston to Washington, is the most heavily traveled rail corridor in the country, supporting eight hundred thousand trips per day in a region that represents twenty percent of the US economy. Some projects will be finished within the next few years. Steve Potisk, Bloomberg Radio. Federal health officials are expanding in investigation into potentially lead tended pouches of apples in them and fruit marketed for children. The MPDAS received reports of seven illnesses in at least five states. John Eastman says the only thing he could be guilty of is giving bold legal advice to former President Donald Trump. Eastman is one of the nineteen defendants indicted on charges of election fraud and racketeering over alleged efforts to overturn the results of the twenty to twenty presidential election. This is a bridge too far in our criminalization of the law and our criminalization of our political opposition, Eastman spoke on CBS's sixty Minutes. Iowa Governor Kim Reynolds will endorse Florida Governor Ron de Santis for the Republican presidential nomination at a rally in Des Moines today. An endorsement by the pocket of governor would be a win for Dessantis, who struggled to maintain early momentum Donald Trump to right at Reynolds in Dessantis in a post on his Truth social platform on Sunday, saying her endorsement of his rival contender will be the end of her political career. And Benjaminetye, who suspended a far right minister indefinitely from his government after he claim dropping a nuclear bomb on Gaza was quote a possibility. Global News twenty four hours a day, whenever you want it with Bloomberg News now I'm John Tucker, and this he is Bloomberg. Karen. All right, John, thank you. We bring you news throughout the day right here on Bloomberg Radio. But now, as John said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. It is time now for the Bloomberg Sports Update. Here's John stash Hour. John herein the NFL. Sunday began in Frankfurt, Germany, battle of AFC Division leaders, and the Chiefs led the Dolphins twenty one up at a halftime, held on beating Miami twenty one to fourteen. Kansas City seven and two tied for the best record of the AFC with Baltimore. The Ravens fourth straight win was an easy one thirty seven to three over Seattle. The night ended with Cincinnati stayin hot a fourth straight win with the Bengals. They beat the Bills twenty four to eighteen. Joe Burrow through for three hundred and forty eight yards and two touchdowns. Buffalo had a chance to move into a tie for first with Miami. Cincinnati remains a game behind Baltimore. The Commanders first win at New England since nineteen ninety six. They beat the Patriots twenty to seventeen. Sealed the win with a late interception. The Patriots are two and seven. They are one and four at home. C J. Stroud put on a performance in Houston. The rookie quarterback set a record for most passing yards ever by an NFL rookie QB four hundred and seventy yards. He threw for five touchdowns and including the game winner with six seconds left. Houston in a wild one beat Tampa Bay thirty nine to thirty seven. Minnesota is without its starting quarterback, Kirk Cousins. They started a rookie Jaron Hall, then he went out with a concussion, so they put in Joshua Dobbs, who they acquired Tuesday, and he threw a touchdown pass with twenty two seconds left. The Vikings beat the Falcons thirty one to twenty eight. NFCE showdown in Philadelphia, the Eagles beat the Cowboys twenty eight to twenty three. The Eagles are eight and one. John Stash. There were Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Israel's military now says it has Gaza City surrounded and a Hamas base under its control as the ground defensive continues. That' says Secretary of State Anthony Blincoln, wraps up another whirlwind diplomatic trip to the Middle East to try to keep the war from spreading. For the latest, we are joined by Bloomberg Israel Economy and Government reporter Galite Alstein in Tel Aviv, Ghalie. Good morning. First, could you update us on all that's been happening on the ground since then? Yes, Hi, Nathan, as I can so. As you mentioned, the Israeli army is now encircling Gaza City and has also cut the entire northern part of the Gaza Strip from the southern part. Idea of spokesperson Daniel Hagari tells us last night that essentially there is a northern Gaza and a southern Gaza at this time. Last night, the Israeli Army carried out a massive attack on Hama's infrastructure that's below and above the ground, and the Ideas referred to this as a significant operation during which internet and telecom services have been disrupted in Gaza for the third time since the fighting began. Israeli Army reports that they have struck four hundred and fifty targets from the air over the past day. Overnight, they have taken control of a Hamas military compound. They also say that Jamal Mussa, who was responsible for the special security operations of Hamas, was struck and killed by Israeli fighter jets, and Hamas battalion commanders were also killed in battles, and this was on the ground. With these kinds of advances that are being reported by the Israeli military, there becomes the question about whether this war can head into a new phase, perhaps a more tactical phase. Is that the kind of thinking that's being bandied about now in leadership circles in Israel right now. Yeah, so we're not being told everything on the on the ground maneuver. So what we can say though, is that right now the Israeli Army is definitely concentrating on a more precise operation in Gaza city. There right now, I'm basically encircling the very center of the some city and they're tackling what is over there, like I said above, and beneath the ground. There's also very complex array of tunnels that is underneath some Gaza city, and that is a very hard operation to tackle these tunnels, to find the piers, to block them, or to even go inside. So that's I think the big challenge for the ground forces at this time. And along with the reports that Hamas leadership has been killed, we are also hearing continuing reports of a mounting civilian toll as well, and growing concern here in the United States from the White House and Democratic lawmakers about that what impact, if any, is that having on Israel's thinking. So, you know, we were seeing first of all, I think we should mention that the Palestinian deathil is now said to be almost ten thousand, nine hundred, seven hundred and seventy people that were killed in Gaza. And this morning the Idea of announced that it will once again allow safe passage on one of the main roads in Gaza for four straight hours and calling residents in North Gaza to move south for their safe on the humanitarian aid. So we have seen that grow slightly larger than over the past few weeks. Yesterday, seventy trucks that were carrying international humanitarian aid were transferred to Gaza via the Rafa crossing. We've also heard Jordan's King Abdallah the second Stay that his nation air dropped urgent medical aid to a Jordanian field hospital in Gaza City. So Israel is allowing more and more humanitarian truck truck some trucks carrying humanitarian aid to come into Gaza. Still no fuel is allowed to go into the strip. Also, the Rafa crossing has been shut down against after after it was opened for several days late last week for foreigners and dual nationals or injured Palestinians to leave Gaza for the first time since some fighting started. So now this crossing is closed again for people. So the trucks are coming in from for Egypt, but the people are not allowed to leave Gaza. This is after the Israelian military claim responsibility for deadly attack on an ambulance near a hospital, although Israel said it was carrying Hamas fighters and in any case, this has brought Hamas to stop enabling people to leave Gaza through the Rougher crossing. This is Bloomberg day Break Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus, Let's and Coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.  1) We get Disney earnings this week after, the company said it plans to buy Comcast's one-third of the Hulu streaming service, kicking off an appraisal process that will extend into next year. 2) Republican presidential contenders will face off Wednesday night in their first debate of the primary season — minus frontrunner Donald Trump, who continues to lead his GOP rivals by a double-digit margin. 3) UBS will be eager to show the benefits of its takeover of Credit Suisse in results on Tuesday, the first full quarter including the acquired business. While reports from US and European peers bode well, much of the Swiss bank’s fortunes hinges on its ability to retain talent and put Credit Suisse’s troubles swiftly behind it. 4) Australia Prime Minister Anthony Albanese is heading to China, recognizing that the two nations have much to gain from constructive dialogue — and lots to lose without it.See omnystudio.com/listener for privacy information.

On today's podcast:      1) Bankman-Fried Found Guilty of Fraud at FTX Criminal Trial     Jurors in New York found Sam Bankman-Fried guilty of engaging in a massive fraud related to the collapse of his FTX crypto exchange. Bankman-Fried’s arrest last December, weeks after his exchange filed for bankruptcy, marked a dramatic escalation in the efforts by regulators and prosecutors to rein in what they perceive as excesses in the industry.      2) Israel Latest: Intense Gaza Strikes as Blinken Lands In Tel Aviv     Hezbollah’s leader issued a warning to Israel that the Lebanon-based militant group is ready for “all possibilities,” suggesting the daily cross-border fire between the two could tip into a full-blown war.      3) Apple Warns of Sluggish Holiday Quarter After China Slowdown     Apple Inc.’s disappointing holiday-quarter outlook has cast a spotlight on its mounting problems in China, where the iPhone maker is struggling with the unexpected rise of Huawei Technologies Co. and an increasingly hostile business environment.     FULL TRANSCRIPT:     Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with a guilty verdict for Sam bankman freed. It took a jury less than five hours to convict the FTX co founder of seven counts of fraud and conspiracy. Bloomberg's June Grosso begins our team coverage. It's not a surprise because the evidence against him was overwhelming. And think, what did it is? Sam Bankminfried took the stand in his own defense. And when a defendant takes the stand that way, the whole thing in the jury's mind becomes a credibility game. How credible do they find him? Bloomberg's June Grosso says, Sam bankman Fried faces as much as twenty years in prison on each of the most serious charges. He'll be sentenced in March. Well, Nathan Bloomberg, The legal reporter Ava Benny Morrison, was in the courtroom during the verdict, and she continues our team coverage. Dave was pretty emotionless. He was as to stand up by the judge. When the jury delivered its verdict. He faced the jury box, he held his hands in front of him and it looked like he was tearing down at the floor as the jury. As the fourth person to the jury confirmed guilty to each of the seven charges. He then sat back down. When the jury walked out of the room, he was whispering with his lawyers. He was nodding a lot. While he wasn't very emotional. His parents were. They were holding each other. His dad doubled over at one point. Bloomberg Legal reporter Ava Bennie Morrison reports Bankman's lawyer is considering an appeal may Karen Bloomberg. Business Week investigative reporter Zeke Fox wrote a book on ftx's Crypto roller Coaster, and he says Bankman freed struggled under cross examination. When his own lawyer was questioning him, he had a lot to say, but when the prosecution had there turned a cross examine, he suddenly didn't remember anything and in one moment that was dramatic, I mean, especially for me. The prosecutor asked her, as she asked him about the statement, there was more leeway, and he said, I don't remember saying anything like that. She whipped out a copy of my book, number Go Up and walked it over to him like a hard copy and was like turn to page two twenty four in Bloomberg Business Week, Zeek Fox ads the conviction is the first in a wave of legal action against crypto companies. Nathan now to the other major trial happening in New York, Donald Trump's two hundred and fifty million dollars civil fraud case. The former president's two oldest sons took turns on the witness stand, denying any role in preparing their company's financial records. Afterward, Donald Trump Junior addressed reporters before even having a day in court, I'm apparently guilty uh a fraud for relying on my accountants to do wait for it, accounting. Donald Trump Junior's brother is set to continue testifying today. Their sister, Evonka, will take this stand next week. She lost an appeal to delay her testimony. Well, Karen, we now turn to the war in the Middle East. Secretary of State Anthony Blinken is back in Tel Aviv. We're determined that this conflict not spread, and we'll be talking to both the Israeli government partners in the region about what all of us are doing to prevent that from happening. When Secretary of State b Lincoln's arrival comes as ground operations continue in Gaza. The Hamas run Health Ministry says more than nine thousand Palestinians have died in the fighting. Israel says seventeen of its soldiers have been killed. Well, Nathan, the House has passed the Aid for Israel bill, but Bloomberg's ad Baxter reports and may have a troubled future. This is a victory for House Speaker Mike Johnson, but it looks as if it is dead to become law. Senate majority leader Chuck Schumer has been saying taking funding from IRS enforcement is a bad idea, and President Biden is out saying if it were to hit his desk, he would not sign it. House Speaker Johnson says it will get done. There is absolutely no equivocation here. We have to stay with Israel, and Republican Congressman Tom Cole says there are different paths to get the aid. We have a lot of unspent money. We ought to use that toward a more important purpose and that's his real So the issue is far from settled at Baxter Bloomberg Radio, Okay, and thank you. Turning the market. Shares of Apple are down more than three percent. The world's most valuable company reported its fourth straight sales decline and its warning holiday revenue will be about the same as last year. Angelo Zeno, as senior equity analyst, it's CFRAA research. It's not the most favorable landscape out there for PCs, even though the broader PC landscape appears to have found some sort of putting for the time being. But at the end of the day, the consumer landscape is still very challenging in nature CFAs angelo Zino says. The results also suggest apples facing a deceleration in China. Well Nathan O their stocks on the move this morning. Shares of DraftKings up seven percent. The sports betting operator reported sales and player numbers that beat analyst expectations, Block shares surging more than a ten percent. The Payments Giant run by Jack Dorsey, again boosting its profit forecast for the year, and shares a Booking dropping as much as seven percent in light trading. The company formerly known as Price Lines as travel demand had been diminished by the Israel Hamas war. On the economic front, karen a busy week concludes with the October Jobs report, a preview of that now from Bloomberg's Michael McKee, FED chair j Powell says a tight labor market could lead to another rate move, which means markets will parse the October jobs report trying to determine what it signals. Is hiring still much stronger than what's needed to absorb an increasing labor force. Have higher interest rates led companies to pull back on hiring or even start letting people go. Our companies still paying up to attract workers, While the Fed we'll also see the November payrolls report before its next meeting. Powell says it will take several months of data to make any decisions. Michael McKee, Bloomberg Radio. All right, Nathan, thank you. It is time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker, John, good morning, and Karen. Something maybe rotten in the Big Apple. The mayor's fundraising campaign is under investigation. Let's get more on this report from Bloomberg's Michael Barr. Mayor Adams ditched a White House meeting on the migrant crisis and flew back to the city. The mayor explaining his abrupt return, but you probably heard the reports involved in one of my campaign staffers. The staffer is lead fundraiser, twenty five year old Brianna Suggs, whose Brooklyn home was raided by the FBI. Along with the officers of a New York construction firm called KSK, it made fourteen thousand dollars in campaign contributions. The investigation is looking into whether the company, along with Turkish nationals, made in proper donations in New York. Michael Barr Bloomberg Radio Adams was supposed to be with the mayors of Chicago and Denver. It asked Congress to approve President Biden's request at one point four billion dollars to help the cities and states in the migrant crisis. Denver Mayor Mike Johnston, we're both of what wey've done. It's critical for us that this package passes over the next several weeks to get funding to cities, otherwise we'll have catastrophic impacts. The Democratic Mayor's trying to put pressure on the blinded administration to address the humanitarian crisis caused by record crossings at the southern border. The Senate had voted ninety five to one to confirm Admiral Linda Franchetti to be the next Chief of Naval Operations, making her the first woman to be a US military service chief. Set of Majority Leader Chuck Schumer and Admiral Fanchette is an exceptional leader with a distinguished career serving our nation. I'm confident she has the experience, the skills, and the vision to succeed as the US Navy's top naval as the US Navy's top officer. Franchetti's confirmation comes amid a temporary break from a blockade by Senator Tommy Tubberville stalling hundreds of military promotions. Riding high on historic contract wins against Detroit's automakers, UAWT President Sean Fain he is confident he can now take on Tesla and it's anti union chief Elon Musk. In an interview with Bloomberg yesterday, Fan said we can beat anybody global news twenty four hours a day and whenever you want it with Bloomberg News. Now, I'm John Tucker, and this is Bloomberg. Karen, all right, John, thanks, so we bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karen Weign. I'm in the NFL Underway with an AFC game in Pittsburgh. The Steelers and Titans were tied at ten, then at thirteen. Pittsburgh trailed in the fourth quarter. Ticket in the shotgun gets the snap looks right. Johnson White open tutop Pittsburgh. The Steelers bunched ninety two yards to take Tully. That's the day Johnson's first touchdown and won a couple season tests. Twenty Games TV had the calls. The Steelers beat the Titans twenty to sixteen. Pittsburgh's five and three Tennessee is three and five In Victor Weinberana's fifth NBA game, the Spurs rookie sensations scored thirty eight points. He had ten rebounds. Some highlight reel baskets as the San Antonio Spurs blew a twenty seven point lead but still beat Phoenix won thirty two to one twenty one. Philadelphia's three and one won by fifteen over Toronto. Joel Mbi scored twenty eight. The Pelicans are four to one. They played without Zion Williams from CJ. McCollums scored thirty three and win over Detroit. Orlando won by two at Utah Paalo Bankero scored thirty. The games tonight of the NBA marked the beginning of the NBA's in season tournament. The Bruins are nine to zhoin one. They beat Toronto three two in a shootout. Nelson Cruz announced his retirement at age forty three. Played nineteen seasons. There eight different teams at four hundred and sixty four home runs as expected World Series ratings, the lowest ever one hundred and thirty baseball players will be free agents. Heading the list show AO Time John Stanshaur Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam. The Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Guilty on all counts. After a month long trial, Sam Bankman Freed is convicted in one of the biggest cases of financial fraud in decades over the collapse of his FTX crypto empire. For more reaction to this outcome, we are joined now by Bloomberg Law host June Grosso. It's good to have you back with us this morning. Of course, this came after more than fifteen days of testimony that this jury heard. In the end, though it did take only about five hours for those jurors to come back with a verdict. Your thoughts, Yeah, it was a very quick verdict. I think that the evidence of this case was overwhelming. The prosecution had not only documents that they could present, but they also had three insiders, three witnesses who were close friends of Bankment Freed, one a former girlfriend of his, who were in on the process, in on what happened, and they testified, and their testimony was very you know, conclusive, and the cross examinations really didn't expose many holds in their testimony. And you also had the fact that Sam bankmin Freed took the stand, and when a defendant takes the stand, the focus for the jury then becomes the credibility of that defendant. And while he did pretty well on direct examination, on cross examination, the cross exit nomination was just withering and he said I don't know, or words to that effect more than a hundred times. So I think that in this case, he's taking the stand, which was a risky move. Everyone knows that it's a risky move for a defendant to take the stand, and it worked against him. Here, was that the biggest mistake that Sam Bankman Freed made to take the stand? Or is there something more that he could have done to try to rebut that testimony from as you say, what used to be his closest friends, his inner circle, Well, you know, it's hard to say. I don't want to characterize it as a mistake really because I don't know that he had any other choice. The evidence against him, as I said, was building, building, building. He had those those witnesses who turned against him, and really, what else could he have done but take the stand. He really had no other recourse. It was sort of forced on him as the trial was going on, the question will he take the stand or not. And the analysis was, well, he has the kind of personality to want to take the stand. I mean, look at all the times he's talked in the media, but everyone knew that on cross examination he was going to be confronted with not only the testimony of the three people who were closest to him at FTX and Alima Research who turned on him, but also all the statements that he made, all the times he talked to the media about FTX after the bankruptcy. So but what else could he do? It was it was a hail Mary pass and he took it. But you know, the choice was really there wasn't really wasn't much choice because it was so overwhelming at that point that you know, he had to take the chance. And there was, as you mentioned, so much overwhelming testimony against him before the standard. Even before that testimony, I mean, he lost a number of pre trial motions that kept him from calling expert witnesses. And of course there was that moment even before he was allowed to testify before a jury, where he got on the stand in front of the judge to argue for being allowed to testify about advice from his lawyers. So I mean, he had a number of hands tied behind his back, didn't he. Yeah, I think you know so many of the motions, every big one that I can think of. The judge ruled against him, and in particular, he was on the stand, as you mentioned, about three hours testifying before the judge, so the judge could decide whether or not he could get use an advice of council defense and that was really critical to his defense his lawyers, and he wanted to say that what he did he did because he was relying on the advice of his attorneys, and the judge said that he could not do that. I mean, the judge even ruled before trial that they couldn't use that, they couldn't talk about that in their opening statements to the jury. And then then he had those three hours on the stands where the judge decided that he couldn't use that and he couldn't talk about that in front of the jury, and that was really a hit on his defense. And if you go back, I mean even before the trial, the judge, as you mentioned, said that he couldn't use expert witnesses, and the judge threw him into jail after he had communicated with the press, and that was really a surprise too, because he had a huge bail package and the defense was coming in to agree that day to a gag order. Instead, the judge decided that he was going to throw him into jail weeks before the trial, and that really puts a strain on the defense in more ways than one. I mean, not only did he not have his adderall when he was in jail, not have the right dose of it, but he's a vegan and he didn't get the kind of food he eats. He didn't get the kind of food at the Brooklyn Detention Center, so everyone saw that he lost a lot of weight when it came to the courtroom. But more than that, it's very difficult to prepare for trial when you're behind bars and your lawyer has to make appointments to meet you, and you don't have access to all the documents and you know, the internet and the things you need. So it really was an uphill battle for him from the very beginning. And so we've had this uphill battle go on for just about a month. After a relatively quick jury decision, we are expecting that Sam Bankminfried and his lawyers are going to appeal this verdict. How do you expect that to go? Now, Well, you know, they have a lot of issues that they can appeal on, and they're the ones that I was just talking about, the judge turning down the advice of counsel and the expert witnesses, and I'm sure they have a lot more from what happened at trial, but it's it's very difficult to get a conviction reversed on appeal. It happens, but it's very difficult because a lot of these decisions are what they say, you know, in the discretion of the judge, and the appellate court won't touch a lot of a lot of these decisions if they feel that it was in the discretion of the judge and that these may all fit in that category. So you know they will. They do have a lot to talk about, They do have a lot to raise on appeal, but you know, it's another uphill battle for him. This is Bloomberg day Break Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feat at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street Time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee omnystudio.com/listener for privacy information.

Sam Bankman-Fried was convicted of a massive fraud that led to the collapse of his FTX exchange, following a month-long trial that pitted the testimony of the former crypto king against that of some of his closest friends.  Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday. He faces as much as 20 years in prison on each of the most serious charges. Judge Lewis Kaplan set a sentencing date in March.See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden said Israel and Hamas, a militant organization designated a terrorist group by the US, should “pause” fighting to allow time to free more hostages from Gaza. Israel says that 17 of its solders have so far died during battles in the Hamas-ruled enclave. 2) Federal Reserve Chair Jerome Powell hinted the US central bank may now be finished with the most aggressive tightening cycle in four decades after it held off on raising interest rates for a second consecutive policy meeting. 3) Apple will deliver its fiscal fourth-quarter results on Thursday, giving investors the first indications of how the new iPhone 15 is selling. 4) An attempt by fellow New York Republicans to expel Representative George Santos from the US House fell short on Wednesday night.  5) In sports, the Texas Rangers Win First World Series Title and legendary basketball coach, Bobby Knight, has died at the age of 83.    Full transcript here:Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the Middle East. President Biden says Israel and Hamasa should pause fighting to allow time to free more people from the Gaza Strip. Speaking in Minnesota, the President responded to a protester who demanded a full ceasefire. The United States are going to continue to drive humanitarian support pretas and people on Gaza who need help, and they do need help. We're going to continue to affirm that Israel has the right to respond responsibility to defended citizens from terror, and it needs to do so on a manner of those consistent international and humanitarian law. The presidents also hailed international efforts to open the Rafa border crossing, which allowed hundreds to leave the territory yesterday. Hamas says six hundred more are expected to leave today, including four hundred American citizens. Well, Nathan, we now turned to politics back home. Another attempt by fellow New York Republicans to expel Representative George Santos from the House fell short last night, and Bloomberg's Amy Morris has details from Washington. George Santos is indicted on fraud charges and accused of misconduct. The vote to remove him requires two thirds majority. House Speaker Mike Johnson argued that an expulsion should be contingent on a criminal conviction or some official finding of ethical misconduct. Santo says the vote was a victory for due process. I feel like due process is still alive. I feel like there's enough colleagues on both sides of the aisle here who understand that this was the second time Santos survived in expulsion vote. On Tuesday night, the Ethics Committee said it would reveal its next course of action by November seventeenth, regarding its inquiry into allegations of misconduct in Washington. I Mamy Moore as Bloomberg Radio, all right, Amy, thank you. Meanwhile, the civil fraud trial against former President Donald Trump has reached a key moment. The former president's oldest son has taken the stand. Donald Trump Junior told the judge he was not involved in preparing financial statements for his father's company. In his words, the accountants worked on it. New York Attorney General Letitia James accuses Trump and his two eldest sons of inflating asset values by billions illegal profits. Trump juniors do back on the stand today. The former president is set to testify on Monday. Well, Nathan, we have another big trial in New York and nearing its and jury deliberations could begin as soon as today. In the fraud trial of Sam bankman Fried Bloomberg, the legal reporter AVA Benny Morrison was in the courtroom for the closing arguments. Bank Munfree lawyer Mark Cohen has tended to use metaphors and his jury addresses in this trial, and he suggested that the government had wrongly painted Sam as a villain, as a monster in a Hollywood film about a grand fraud scheme. He said that certainly wasn't the case. Yes, at one point his client was probably the worst dress CEO in the country and had bad hair. To anyone and everyone, including journalists, had a messy life, but that wasn't a crime. And Bloomberg's eva, Bennie Morrison says macbin Freed is charged with seven counts of fraud and money laundering following the collapse of his ftx cryptocurrency last year. Karen, let's now turn to a busy day for the markets. Investors are still reacting to what appears to be a douvish pivot by j Powell. After holding rates steady for a second consecutive meeting, the Fed chairman hinted the central Bank may now be finished with the most aggressive tightening cycle in four decades. Jeffrey Rosenberg is a senior portfolio manager at black Rock. Clearly what the market saw was a preference for the worry of tightening financial conditions. We're at sufficiently restricted, we could be done, black Rocks. Jeff Rosenberg notes, following the Powell news conference, a ten year treasure yield tumbled below four point seventy five percent for the first time in two weeks. Still following this morning now at four point seventy two percent, and Nathan, we also get a policy decision overseas this morning. Economists expect the Bank of England to hold rates for a second consecutive meeting. Turning two earnings, shares of Shell are higher by two percent. Third quarter profit rows on a combination of higher energy prices, strong gas trading, and wider refining margins. The oil Jeff is also accelerating the pace of share buybacks well. Staying in Europe, Nathan. Barclay's is embarking on a plan to reduce its global workforce, but the British bank is planning to spare its Asia business from the bulk of job cuts. We spoke earlier with Barclay's CEO cs vn Kada Krishnan. In Asia, we of course have very booming economies and we also have a very growing business, so proportionately it's far less likely to impact this region. However, Barclay's CEO cs Van Kate Krishnan added that it would be ambitious for the bank to consider expanding into Wealth and China, and should instead focus on doing better in the UK. Let's turn back here to the US, Karen, because investors here are awaiting earnings from the world's most valuable company, Apple. It reports this afternoon, and we get a preview from Bloomberg's Tom Busby. Apple's iPhone fifteen lineup released on September twenty seconds, just about a week before the quarter rented, but the company will give investors early sales data on the new fifteens, hoping the show that it's off to a rate start ahead of the all important holiday season. Bloomberg consensus calls for Ernix per share of a dollar thirty nine revenues of eighty nine point three four billion, about half of that from smartphones. Tom Busby, Bloomberg Radio. All right, Tom, thanks well. Disney reports earnings next week, but it is making news this morning. The company is moving to take full control of the Hulu streaming service. Begin more from Bloomberg Stunt Risner. Complete ownership helps integrate Hulu into the Disney Plus streaming service, and now co owners Disney and Comcast must arrive at a price. Under a twenty nineteen deal, the two agreed Hulu would be worth no less than twenty seven and a half billion dollars. Where might the money come from. Disney could sell legacy assets like ABC and CEO Bob Iger is open to selling a minority stake in ESPN. In New York Time. Doug Prisoner, Bloomberg Radio, Nathan, Thanks. It is time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Moore. Amy, Good morning, Good morning, Karen. Republican senators angrily challenged Senator Tommy Tubberville on his blockade of almost four hundred military officers taking over the Senate floor for more than four hours to call for individual confirmation votes after a month's long stalemate. Republican Dan Sullivan of Alaska warned of dire quants consequence by the way Shujinping is watching us right now, going, I can't believe they're not letting these guys command. I'm scared the death of subs. Senator Sullivan says if the standoff continues in officers do leave the military, Tuberville's BLOCKABE will be remembered as quote non national security suicide mission. The House could vote today on a bill providing aid to Israel. It's the first legislation under the new House Speaker Mike Johnson. But Johnson's bill would not only uncouple the aid to Ukraine that the Biden administrator wanted, but also would redirect funding already earmarked for the IRS. West Virginia Senator Joe Manchin says, that's a state. There's no human being. No business can amass the amount of debt that we have and be successful. You just can't do it. So we have to get our dead under So anything we do should be concerned about the debt. But right now we're fighting to survive, and Republican Lindsey Graham says without funding for Ukraine, the bill just won't make it through the Senate. Hama says almost six hundred more foreigners and dual nationals, including four hundred American citizens, are expected to leave Gaza today. That would be the second batch to exit since the border with Egypt was opened yesterday. We get more with Bloomberg. To Oliver Crook in Tel Aviv, we had two categories of people that were allowed to leave Gaza and go into Egypt. The first wee the wounded Egyptian ambulances carrying some Palestinians out who had been hurt during the fighting and during the bombardments. They're being treated in a field hospital in the northern Sini. But the second are the foreigners that are now being permitted to cross over. Bloomberg's Oliver Crook tells us there are about one thousand US citizens in Gaza, and four hundred of them be permitted to leave. Today. Global News twenty four hours a day and whatever you want it with Bloomberg News now, I maybe Morrison, this is Bloomberg. Karen, all right, Amy, thank you, while we bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you wanted. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News noow on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Yarn. The Texas Rangers are World Series champions for the first time, and they did it by doing something that may never be done again. They won eleven to zero on the road in the postseason. They just won their third straight game at Arizona. It was five to nothing even though the Rangers didn't get a hit until the seventh inning off Zach Gallen. They score running the seventh and then got four more than ninth. Nathan Evaldi worked out of trouble. The Diamondbacks had runners in scoring position in each of the first five innings, but if Aldi finished the postseason going five and zero. Corey Seeger was the MVP, as he was when the Dodgers won the World Series three years ago. A couple of things about Bob Knight's life undeniable. Massively successful as a college basketball coach at Army Indiana and Texas Tech. He won over nine hundred games, three national championships. His team in nineteen seventy six, still the last to go undefeated. Also undeniable, the demons that led Knight to throw a chair during a game choked the player in a practice, he grabbed the arm of a student who called him by his last name. That led to his departure at Indiana. Bob Knight passed away at the age of eighty three. The Celtics are undefeated. They scored one hundred and fifty five points, the most in a game since nineteen fifty nine. They beat the Pacers in Boston by fifty. The Wizards lost in Atlanta one thirty to one twenty one. The Warriors on a Klay Thompson shot. If the Buzzer top Sacramento by a point, shocks dash that our Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SYRIASXAM, the Bloomberg Business app and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. As the Israel Humas war continues, President Biden is calling for a pause in fighting. That's so more people can be allowed to be released from the Gaza Strip to be moved out of harm's way. This is as Israel faces some wavering support for its ongoing ground effort from parts of the global South. And for more on all this, we're joined by Roslind Mathis and Bloomberg's news director for Europe, the Middle East and Africa. Roz, Good morning. Can you get us updated first off on how the effort to get more people out of harm's way is going well? As you say, it looks like they might get another six hundred or so people out today. That was after they are about eighty people who could leave across that crossing called the Rougher crossing between Gaza and Egypt yesterday. But these are mostly either people who are elderly and wounded in need of urgent medical care, but also those who are holding a foreign passport, so they've got passports from Australia, Asia, the US and elsewhere. And it's a really small number of people In the end, when you think about the number of people who are currently bunched up inside Gaza, many of them have moved further south towards that crossing, but they don't have any means to leave at the moment. This is really just those people who have foreign nationals or in need of very very urgent medical care. And what we know is that the attacks inside Gaza are continuing. The Israeli forces are pushing further towards Gaza City, which is the very very high density area, and that's going to lend itself towards staor to door combat. In the end, we know the aerial strikes are continuing. After those attacks on the refugee camp in recent days. Israel says it was striking Hamas there because they say that Hamas is using those refugee camps as strongholds. But it looks like Israel is moving towards an approach of effectively severing Gaza into so separating North Gaza from the south. That's going to push people even further towards the south and bunched up towards the Rougher crossing. But it's really only just a handful of people so far getting out, and I guess it would make it that much harder to tell whether the people that are being allowed to leave Gaza at this point are some of the hostages that Israel says Hamas is still holding a number of hostages that seems to be steadily rising day by day. Well, that's right, and just reflects the overall confusion. Really in a wartime, it's very difficult to get clear information. And what we know is that bit by bed it seems that they are, in fact even more hostages than were initially known about, are scattered in different areas of the Gaza strip, and the negotiations are continuing via intermediaries. Katar and others are involved in that, but it doesn't seem like they're making major progress towards the whole release of the rest of those hostages. Again, it's very much a trickle, if any. And so what you've got is that situation of only a few people coming out of Gaza, limited aid going in, and a real clear sense, especially from Egypt on that border crossing, they don't want hundreds of thousands of people coming their way. Yeah, it sounds like a trickle both ways of people moving out and AID moving in. And as this effort continues, we are starting to see a little bit more erosion for support for Israel, particularly from Jordan and some left just leaders in Latin America. What does that tell us about how support for Israel could continue as this effort goes on. Well, as you say, we're seeing greater noises from countries and what we often call together collectively the Global South, at some nations in Africa, in Latin America, in Asia and so on, including sort of Muslim majority nations Malaysia and Indonesia in Asia, and just strong expressions of concern about the situation inside Gaza. And against that, you've got countries in Europe, in the US still sort of issuing strong statements of support for Israel in the aftermath of what was a shocking attack on Israel on October seven. But equally then you even had the US President Joe Biden yesterday saying that he's in favor of what he's calling a pause in the fighting. What these countries seem to be calling a pause or a halt or a temporary something, any word to use other than saying the word ceasefire, which is politically very difficult, But even they are saying it because they're seeing the level of the impact inside Gaza, and so as time goes on, if this conflict really does go on for weeks and months, as Israel is indicating, and the humanitarian cost of that increases in Gaza, you'll only see more and more people potentially moving away from that overt level of support for Israel. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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On today's podcast: 1) An Israeli strike on a refugee camp in Gaza overnight killed and wounded hundreds of people, according to the Health Ministry in the Hamas-run territory, and drew condemnation from across the Middle East. The development came ahead of a regional trip by US Secretary of State Antony Blinken. 2) The Federal Reserve is poised to hold interest rates steady at a 22-year high for a second meeting, while leaving open the possibility of another hike as soon as December with economic growth staying resilient. 3) AMD said a new AI chip will generate $2 billion in sales next year, fueling optimism that demand for the component will offset a slump in orders for video-game equipment.   Full Transcript:Good morning. I maybe Morris and I'm Karen Moscow. Here are the stories we're following today. We begin with new developments in the Middle East. Israel struck a refugee camp in Gaza overnight. Israel Defense Forces spokesperson Daniel Huguri says it was targeting Hamas and killed a senior leader in that organization. So tonight we eliminated the murderous terrorist, Ibrahim Bari. Bari is the main combat leader in the northern Gaza strip since the IDF forces entered Gaza. He also had a part in the massacre on October seventh. During his assassination, many terrorists were killed, terrorists who stayed with him in the building and in the underground area below the buildings. IDF spokesperson Daniel Hugari, speaking through an interpreter, the latest strike is drawing condemnation across the Middle East. We get more from Bloomberg's Oliver Crook and Tel Aviv. What this does is it's going to bring into the four again those voices that have been calling for a ceasefire, the voices that have been condemning Israel's actions and the ceasefire calls by the Saudis and by the UN have been retorted to by Benjamin Nyaw, who has recently this weekend completely off the table. Bloomberg's Oliver Krok reports the Health Ministry and the Hamas run gaza strips, as hundreds were killed and wounded in those strikes well amy before the overnight strike, Secretary of State Antony Blincn told the Senate it was too soon to call for a ceasefire. When it comes to a ceasefire in this moment, You're exactly right. That would simply consolidate what Hamas has been able to do and allow it to remain where it is and potentially repeat what it did another day, and that's not tolerable. Secretary of State Antony Blinkin will travel back to Israel on Friday. The White House says President Biden would veto a package put forward by House GOP members to provide aid to Israel by slashing funds for the IRS and leave out funding for other national security priorities. The legislation, championed by the new House Speaker Mike Johnson, is already run into stiff bi partisan opposition Senate Majority Leader Chuck Schumer. We must stand with our allies in Israel. We must send humanitarian aid to innocent civilians in Gaza. We must hold the line against Vladimir Putin by supporting Ukraine. Senator Schumer says Democrats want to pass President Biden's one hundred and five billion dollars supplemental package, which includes funding for Israel, Ukraine, Taiwan, and the Southern border well. Another geopolitical news this morning, President Biden will meet with Chinese leader Shijin Pain later this month in San Francisco, and Bloomberg's Ed Baxter has the latest. White House spokeswomen Karine Jean Pierre, was asked several times at the daily White House briefing. She finally said it was an official confirmation and says it will be a difficult conversation. That's what the President is going is going to be doing and having a tough conversation, but important conversation. Jean Pierre would not go into details on expectations it will be on the sidelines of APE here in San Francisco. China has not commented on the meeting in San Francisco. I'm at Baxter Bloomberg Radio. Thank you, Ed, and turning to the markets, we kick off a new month with a big day on the economic front. It begins with the Treasury Department's new borrowing plan and finishes with a FED decision and a J. Powell news conference. We get a preview from Bloomberg's Michael McKee. It figures to be a long day on trading desks. First up, the Treasury announces its refunding plans for the quarter. It plans to borrow a record seven hundred and seventy six billion dollars between now and the end of the year. Today we find out the mix of bills, bonds, and notes and how much of each it will sell. The record borrowing may spark a lot of market volatility. Refunding is followed by the Fed. While no one expects a rate move, investors will be focused on the possibility of one at future meetings. Will Chairman J. Powell take that off the table another opportunity for market moves? Michael McKee, Bloomberg Radio. Thank you Michael, and stick with Bloomberg this afternoon for our FED Decide special starting at one thirty pm Wall Street Time on both Bloomberg Radio and television. While we head overseas to Asia. Now, the Bank of Japan I expectedly stepped into the bond market, trying to curb the pace of gains and sovereign yields. The move comes just today after announcing it was loosening its grip on debt prices and on the equity front. Some tech earnings in focus. We got a mixed picture from Advanced micro Devices. The chip makers sales forecast fell short of estimates. The company says a new AI chip will generate two billion dollars in sales next year. Shares of AMD are down almost two percent in early trading, and for Surrepta, shares of the biopharma company are plunging about forty six percent this morning. Amy The drop comes on news at its trial with partner Roche of a gene therapy for muscular dystrophe failed to meet the main goal of a study. Another company tumbling this morning, we Work. Shares of the co working space company are down now forty three percent in pre market trading. The Wall Street Journal reporting we work as planning to file for bankruptcy as early as next week, and now we want to bring you up to date on the fraud trial. As Sam Bankman free, he spent the day on the witness stand yesterday began more from Bloomberg's Miss Lena at Golf of Pulo in New York. We must say that it was a tough run for SBF under questioning from federal prosecutors who really grilled him on the witness stand and got him to admit on some of the most important allegations in this case, including the fact that there was no proper hedging in the two companies that he was managing, including the fact that he was the one who signed off on a lot of their decisions, and also the fact that he was the one who made the decision to spend billions of dollars in investments through the hedge fund Alameda Research. And that's Bloomberg's mister Lena golf of Polo, who says jury deliberations may begin later this week. Five oh, It's time now for a look at some of the other stories making news around the world. For now, we're joined by Bloomberg's John Tucker. John, Good morning, Good morning, Karen. President Biden age to Minnesota today. The state is a microcosm for the issues currently bideviling his presidency. Let's get more from Bloomberg Jeff Bellinger, Mister Biden is struggling to unite a Democratic electorates trained by his full throated support for Israel. At the same time, he is suddenly fending off a long shot primary challenge from Dean Phillips of Minnesota that highlights voters' concerns about his age. It's a blue state that Republicans have long considered ripe for flipping. Minnesota has a young, diverse Democratic base and a large number of Muslim Americans. The trip is intended to highlight the Biden administration's investments in rural communities. Jeff Bullinger, Bloomberg Radio. The MBI says is closely monitoring serious and evolving threats against the US as the Israel Hamas war grinds on. At the EI director Christopher Ray, the reality is that the terrorism threat has been elevated throughout twenty twenty three, but the ongoing war in the Middle East has raised the threat of an attack against Americans in the United States to a whole nother level. During a meeting of the Senate's Homeland Security Committee, Rate said the most immediate concern is that violent extremists will draw inspiration for the events in the Mid East to carry out attacks against the US. A junior at Cornell University has been charged with making death threats online to Jewish students in an incident that Royal to campus battling anti semitism. Twenty one Europatrick Davis charged with posting threats. Anti Semitic incidents have soared since the Israel Hamas War began October seventh, and the conflict has bitterly divided dozens of campuses, including Harvard, Stanford, and the University of Pennsylvania and of Helder. Jury's verdict threatens to shake up the real estate industry. A jury found the National Association of Realtors is liable for one point eight billion dollars in damages for controlling the Multiple Listing Service, or MLS, and for requiring home sellers to pay both the buyer and seller brokerage fees at a single transaction. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now. I'm John Tucker, and this is Bloomberg Karen. All right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update. Here's John stash Hour John Karn. Game four the World Series at Arizona. The Texas Rangers scored five runs in the second and in five more in the third. They led ten nothing held on to win over the Diamondbacks eleven to seven, and the Rangers now lead the series three games to one. They can win the first championship and franchise history in Game five tonight. Arizona did come from three to two down in the NLCS against Philadelphia's seven teams have come back from a three to one deficit in the World Series. Marcus Simmion last night two run triple, then a three run homer. Corey Seger homer for the third time in the series. NBA and Phoenix. The Spurs were down by twenty. Keldon Johnson stole the ball from Kevin Durant hit a driving layup with a second to go gay San Antonio its first lead of the night. The Spurs beat the Suns one fifteen to one fourteen shake up in Las Vegas. The Raiders are three and five and they have fired Josh McDaniels midway through his second year on the job. General manager Dave Ziegler also fired the Raiders three and five, nine and sixteen under McDaniels, who had great success as the Patriots offensive corindera but has now been fired as a head coach twice by AFC West teams. Antonio Pierce will be the interim Raiders head coach Sunday. It'll be actually against his former team, the Giants. We've heard for the first time for the college Football Playoff off. The rankings have Ohio State number one. Buck Guys had the winds over Notre Dame in Penn State, Georgia's rank two, then Michigan, then Florida State. Johns dashedward. Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam the Bloomberg Business app in Bloomberg Dot com. This is Bloomberg Daybreak. Good morning, I'm Amy Morris. After a barrage of air strikes by Israel in Gaza. Israeli forces say they've assassinated the architect of the October seventh terror attack, and Palestinians say hundreds of civilians were killed or injured in those strikes. We're joined now by Bloomberg's Gale to Alstein and Tel Aviv. This latest airstrike has drawn condemnation across the Middle East. Does this create a greater risk of the expansion of this war through the region? Yes, some good morning, so yes, we are seeing that there's quite a big operation going on in the Jabalo or refugee camp. This is, by the way, both an Areel attack and the ground attack that is being carried out by Israel. This is the most crowded refugee camp in the world. It occupies one hundred and thousand people and roughly one and a half square kilometers the Ideas. The Israeli defense forces say they killed fifty Hamas militants there. Hamas Sam and the health ministry in Gaza that is run by Hamas reporting a larger number of casualties over there. Basically, the Israeli Defense Forces say that this the military stronghold that is located in western Jebala was located there was used by the commander of Hamasas Jabelia Battalion for the training and the execution of terror activities and contained firing positions and terror tunnels and also a large stock of weapons. So that's what we know about what happened there. And another bit of news that we're getting now that the Alka Sama Brigades they belong to Hamas, they announced the killing of seven of its civilian detainees, meaning the hostages. They say that they were killed also in Jabalia yesterday, including three holders of foreign passports. This has not been verified otherwise, but this is what they are saying now on Palestine TV. So that's what we know that is going on on the ground. Now. We have not seen any you know, further response other than the rhetoric that you've mentioned, but of course this is something I'm to still follow. You mentioned the hostages and how they are reporting in Palestine that they are killing the hostages. What's the latest on the negotiations to freedom? So yesterday we heard the head of Israel's National Security Council TEGB and he said that as far as Israel can say and report, at this time, there is no hostage negotiation. There's no deal that is in the near horizon at least that's what That's what he said. He he also mentioned that Kata and that's according to him, has has realized that Hamas was misleading them quote unquote. So according at least to Israeli officials, you know that that we're only went on the record yesterday. There is no deal in sight at this time. There are also the developments on the border crossing from Gaza into Egypt. We are learning now that foreigners and some wounded Palestinians are being allowed to leave Gaza for the first time since the Israel began the ground invasion. What are you watching for? What should we be watching for on that? Yeah, so this is an interesting development that is happening this morning. We're seeing foreign passport holders begin to exit Gaza into Egypt through the Lafa crossing. This is, like you mentioned, for the first time I think actually since Israel began its aerial attacks on Gaza or in October. And this is according to footage that is being shown and streamed on several media outlets. HAMASA did say earlier that it expects some foreigners and dual nationals to be allowed into Egypt, including Red crossworkers and nationals from Australia, Austria, Jordan, and Indonesia. And we've also been getting reports that eighty wounded Palestinians will be transferred for treatment in Egypt. And it's interesting because we have been hearing Israeli officials ask that more wounded Palestinians be taken to hospitals outside of the Gaza Strip in Egypt. Also field hospital that is planned to be set up near the border, as well as maybe some floating hospitals that will be coming into the area from countries like France and maybe others. And this is basically meant to take pressure off Israel to let fuel into Gaza, since Israel claims that Hamas has fuel and that the fuel it has facilitated not only hospitals but also underground commands and tunnels, and Israel wants to create pressure, you know, on these places. They want to move as many wounded Palestinians outside of the Gaza Strip so that you know, if the fuel runs out that it used to facilitate these underground command centers. Then eventually these commas militants are going to have to come out as well. You're listening to Bloomberg Daybreak today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time, on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Amy Morris and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day, right here on Bloomberg day BreakSee 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On today's podcast: 1) Israel's Netanyahu Says there will be no cease-fire. Israel struck more targets in Lebanon and Syria overnight, while stepping up its ground operations in Gaza. 2) GOP House members are breaking with President Biden on a $14 Billion Israeli aid plan. The package separates the Israel aid from a broader Biden emergency funding request that includes assistance for Ukraine and Taiwan. It also leaves out humanitarian assistance for civilians in Gaza and Israel that the White House requested.3) Apple is unveiling new laptops, iMacs and more powerful chips. The iPhone maker is rolling out a first-of-its-kind M3 chip that boosts performance and graphics horsepower.     4) The Detroit Lions beat the Las Vegas Raiders on Monday Night Football after a weak performance from wide receiver Davante Adams.     FULL TRANSCRIPT:     Good morning. I maybe Morris and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest on the war in the Middle East. Israel has struck targets in Lebanon, stepping up its ground operations in Gaza. This latest military action comes as Prime Minister Benjamin Netanyahu rules out a cease fire and dismissed calls for him to resign over security failures that led to the October seventh Thamas attack. The only thing that I intend to have resign is Kamas. We're going to resign them to the dust benef history. That's my goal, that's my responsibility, and that's what I'm leading the country to do. Prime Minister Benjamin Netanyah, who says more than fourteen hundred Israelis were killed in that attack, the largest loss of Jewish life since the Holocaust. Well Amy Netanyah, who made his evening address in English Bloomberg's Oliver Crook is in Tel Aviv and has more on Netanyahu's message to the international community. The point that he was making was one that we've heard many times for the Prime Minister, a question of moral clarity in making the distinction between the deliberate murder of innocent and the unintentional casualties that accompany any war is what he says. And of course those casualties have exceeded now, according to the Gazen authorities, more than eight thousand people. And that is the big question internationally, where is the limit to self defense? On the question of ceasefires, he says, you wouldn't have asked for a ceasefire after Pearl Harbor or nine to eleven. That a ceasefire is a call for surrender for Israel is what he said. And regardless of who stands with Israel, he says, he's going to continue on this battle. And bloombergs Oliver Kuik, reporting from Tel Aviv, says authorities in Hamas run Gaza say the death toll since the war erupted has surpassed eighty three hundred and back here at Home, Defense Secretary Lloyd to Austin and Secretary of State Antony Blincoln will make the case that the United States should immediately send aid to both Israel and Ukraine. They'll testify at a Senate hearing. As House Republicans are taking their own path on aid to Israel. Bloomberg's Ed Baxter has that story. The Republicans introducing a fourteen point three billion dollar aid plan. The package separate it's Israel aid from a broader Biden emergency funding request that include Ukraine and Taiwan aid. We'll have to see what the Speaker will do now. It pays for the Israel Aid by cutting the Biden Inflation Reduction Act calling for a fourteen point three billion dollar reduction in funding for the IRS. This complicates the process to get anything done on this, as Democrats in the Senate and the President himself feel very strongly about that funding. Ad Baxter, Bloomberg Radio. All right, and thank you well. Turning to the markets now, the yen is falling the most in two months after the Bank of Japan made only minor changes to its policy settings, and that's disappointing some in the market who had expected more. The central Bank kept its camp on long term yields at one percent and left its negative interest rate untouched. Staying in Asia, China's factory activity fell back into contraction in October. Bloomberg Daybreak Asia anchor Brian Curtis has more from Hong Kong. The official PMI fill to forty nine point five in October, the estimate at fifty point two. In addition, an expansion of the services sector unexpectedly eased. The reading suggests the economy remains fragile and needs further support. The non manufacturing gauge declined to fifty point six from fifty one point seven in September, also lower than forecast. The numbers are skewed due to an eight day holiday at the beginning of the month, but let's not quibble. Demand remains weak. In On Kong, Brian Curtis, Bloomberg Radio, All right, Brian, thank you well. In corporate news, Apple has unveiled new iMac and laptop of models and the third generation of its in house processor line. The tech giant says the new chip will make its MacBooks more powerful and retain their battery life. Begain more from Bloomberg's executive Global Technology editor Tom Giles in San Francisco. What they're trying to show is that the new line of chips that they've just unveiled, the M three, is a kind of chips that's faster, more powerful, and at the same time more energy efficient. So what they're trying to do is they're using this new chip to breathe life into their their Mac product line, and Bloomberry's Tom Giles says Mac sales or forecast to climb about five percent in the holiday quarter, and staying on the tech theme, X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for a year ago. More from Bloomberg's Charlie Pellett. The source tells Bloomberg restricted stock units awarded to employees value the company at nineteen billion dollars or forty five dollars a share a year ago. Musk bought Twitter for forty four billion dollars. Since the takeover, most of Twitter's staff was laid off or resigned. Musk renamed the company X, changed some of its content rules, and has since lost more than half of its AD revenue in New York. Charlie Pellett Bloomberg Radio. All right, Charlie, thanks now to the latest on the Sam Bankman freed fraud trial. The co founder of f TX took the stand again yesterday, telling a New York court he was aware Alimeter Research did not take steps to properly hedge risks. He is charged with approving the transfer of billions of FTX customer dollars into Alameter for investments, political donations, and real estate before both companies collapsed. Turning to earnings, thirty companies in the S and P five hundred will report today. Heading the list Pfizer, Caterpillar, and Amgen. Shares of Pinterest are up more than sixteen percent. In early trading, the social networking company reported third quarter results that beat estimates, and in Europe Amy shares a BP are falling there down more than five percent. Profitfel short of estimates as weak results in gas marketing offset a strong performance in oil trading. Like its big oil peers, BP's earnings were well below last year's record levels high by which were high by historical standards, as geopolitical tensions kept energy prices elevated. Ten time Now for look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker. John, good morning and good morning, Karen. The White House says there's been a rise in anti Semitic incidents at schools and on college campuses nationwide following the Israel Hamas war. Among the latest officials at Cornell University, heay the FBI has been notified about online threats of violence directed at the university's Jewish Center. White House Press Secretary Cringe Jean Pierre, There's no place for hate in America, and we condemn any anti Semitic threat or incident in the strongest in the strongest terms, she says. The administration is monitoring those threats and others closely. Vice President Harris poised to announce an investment more than two hundred million dollars from philanthropic foundations to finance artificial intelligence advancements. That story in this report this morning from Bloomberg's Jeff Bellinger. The investment aligns with the Biden administration's broader goals of promoting AI innovation that x consumers and supports international rules for the nascent technology. The funders are also prioritizing initiatives focused on safeguarding democracy, assisting workers facing AI driven changes, and improving the transparency around AI. The announcement comes as Harris is scheduled to travel to London this week to meet with industry and foreign government leaders at a summit on AI. Risks Jeff Bellinger, Bloomberg Radio. The testimony of former President Trump's daughter Avanka in his ongoing civil fraud trial has been delayed. She was scheduled to take the stand Friday, but will now appear November eighth instead in order to provide sufficient time for her to be questioned. She'll testified the same day as the third Republican presidential primary debate, which your father has chosen to skip. In Colorado, trials begun that has a group ongoing. Former President Trump's role on January sixth disqualifies him from holding office and he should be kept off the ballot there. A similar case is going to be heard this week in Minnesota. There's another one in Michigan and another sent for New Hampshire. Ultimately, they may be destined for the US Supreme Court. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this is Bloomberg Radio. Karen all right, John, thanks well. We bring you news throughout the day right here on Bloomberg Radio. But now, as John said, you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News now on the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify, and anywhere else you get your podcasts. It is time now for the Bloomberg Sports Update. Here's John stash Hour, John Karen. The Texas Rangers are now nine to zero in this postseason in road games. They won Game three in the World Series at Arizona three to one's going all three runs in the third and aint Corey Seeger hit a two run homer. Max Schurzer pitched the first three innings, left with a back injury, but John Gray followed with three innings and then three relievers followed after that. Rangers now lead the series two games to one, with Game four in Phoenix tonight. Frank Howard has passed away at the age of eighty seven. A Major leaguer for sixteen years, he was the Rookie of the Year playing for the Dodgers in nineteen sixty, won a World Series in LA a few years later, then a four time All Star plane for the Washington Senators. The Mother Night Football game was in Detroit and the Lions were coming off a thirty eight to six loss last week at Baltimore, they rebounded and beat the Raiders twenty six to fourteen, and Detroit is now six and two. The rookie running back Jamier Gibbs twenty six carries one hundred and fifty two yards. The Celtics are three and oh. They got thirty six points from Jalen Brown in a one twenty six to one oh seven win at Washington. The Warriors are three and oh on the road and Steph Curry scored forty two. Golden State won at New Orleans won thirty to one oh two. The Bruins were facing the team that mos to them from the playoffs last year. Boston was down Tune up in Pavel Zaka scored in overtime, and the Bruins beat Florida three to two, Bruins improving to eighth and one on the season. The NFL trade deadline is today at four o'clock Eastern. Buffalo Bills have signed veteran running back Leonard Fournette. John stash Our Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SiriusXM, The Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Amy Morris. Israel struck targets in Lebanon and stepped up its ground operations in Gaza. The latest military action comes as Prime Minister Benjamin Netanyah, who rules out a ceasefire. We're joined now by Bloomberg's Ross Matheson in London Rods. There was a defiant presser from Benjamin Nettnjah who despite those calls for a ceasefire. What was the main message, Well, it seemed to be a twofold message from Benjamin naw who in that press conference yesterday. The first one, as you say, was to make clear that he's not interested in a ceasefire right now with Hamas. He just said the stakes are too high for Israel and the imperative to strike back is too large. But it was also about him sort of resetting the narrative a bit potentially about his own leadership in this minute, as you were noting, he's been under pressure since the October seventh attack by Hamas. But the failure of Israel's intelligence services security services to see this coming, or certainly at least to ward it off from coming. And he has blamed others for that and was forced to apologize and retract a tweet that he did on it. And he was out there yesterday saying I'm here, I'm leading, I'm still in charge. In fact, he said I had to cool an end to the press conference so he could go off and, as he said, lead in this minute very much about sending a message that he's nowhere near resigning. In fact, he was asked in the press conference if he would resign. The answer was a resounding no. He was not going to resign. So it's about also his own personal leadership, and this minute is his popularity diminishing, however it is, and it seems to be there's sort of popular opinion on that. You can certainly see the tide on social media and some of the local media, also the opposition, but also more importantly senior figures in his so called unity government. Of course, he brought in other parties, other political figures in that moment, including Benny Gantz. He's been a key figure previously, and he's been quite critical of Nahu publicly overall of this, So it's not just sort of the public spirits. Also we're hearing senior figures in the security establishment, in the military, and in BB's own current Unity government, who are quite upset about some of the comments that he's made. Whether that leads to anything in the short term is unlikely. Right now, Israel is more focused on the war in Gaza, the war against Hamas, But in the longer term it is raising those further questions about his longevity as political leader. How much is this conflict spilling into other parts of the Middle East. What are more signs that you're seeing. Well, we're not saying that broad obviously, that the broad worry is that it becomes a Middle East wide conflict, but we are seeing seepitch in a way into other areas. So we're seeing Israel heating targets in Lebanon and Syria overnight. We're seeing Lebanon warning a short time ago that things could be escalating. Of course, Lebanon itself doesn't have a lot of control over Hesbella, that's the Iranian Bat militia that's operating there. It doesn't really have the ability to rain hesbelar In, but certainly Lebanon is worried about it and the knock on effect on its own country and the fact that things also seem to be spilling into Syria, where you've got a lot of Arani back malicious operating also does suggest that those concerns are real about the conflict escalating. And we know they've being attacked to and fro involving militia in Syria. They're also striking US soldiers at bases in places like Syria and Iraq. So you're seeing that escalation in activity involving Syria and Lebanon, at least those groups that are operating there. Thankfully now for now that you're still not seeing the sense that it's turning into a full scale regional conflict. Has there been more progress with increased humanitarian aid? It's been very limited. Again, a lot of calls obviously for aid to increase, many expressions of concern about the situation there, but still the trucks are only trickling in despite all those conversations and efforts that Israel's pledged to try and increase the aid flow, but there's no tangibles sign that that's really picking up. Meanwhile, the casualty rate inside Gaza is rising. The Hamas led administration there is now saying that eight three hundred people have been killed in Gaza, many of them children, and things are in a desperate state, including in the hospitals, So a lot of conversations around, a lots of conversations around. Can there be a pause in the fighting, But as of this morning, the flow of humanitarian health into Gaza is still very small. You're listening to Bloomberg Daybreak to day, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Sirius XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Amy Morris and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day, right here on Bloomberg day BreakSee 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Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel’s military widened its ground offensive in Gaza, saying it killed dozens of Hamas militants overnight and describing the invasion as advancing gradually and to plan. 2) Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion. 3) A federal judge in Washington has denied Donald Trump’s request to keep on hold a partial gag order barring him from publicly criticizing prosecutors, potential witnesses, and court staff involved in the federal election prosecution against him. 4)  Matthew Perry, a comedian and actor who starred in “Friends” and “The Whole Nine Yards,”  has died. He was 54.  5) Cowboys win, 49ers lose, Kirk Cousins tears Achilles     FULL TRANSCRIPT:Good morning. I'm Amy Morris and I'm Karen Moscow. Here are the stories we're following today. First, let's bring you the latest developments on the war in the Middle East. Israel has widened its ground offensive in Gaza, pressing ahead with what it has called the second phase of its war against a moss We get the latest now from Bloomberg to Oliver Crook in Tel Aviv over the weekend. We had sort of that step up in terms of ground activity within Gaza in the fourth week of this conflict, and now a new chapter in it, it seems like, and that's really how he was described by the Prime Minister. Remember, there had been sort of puncture poles and sort of slight incursions in the lead up to this, but this was really the biggest step up in terms of ground troops and tanks going into Gaza, but still falls short critically of the full scale invasion that many people had envisioned and how this battle was going to go. Bloomberg's Oliver Crook in Tel Aviv reports Israel has struck more than six hundred militant targets in Gaza in recent days. Well, Amy, the military escalation comes as Israel's Prime minister criticism over his unwillingness to accept any responsibility for the October seventh attack. Benjamin Netanyahu caused controversy with a social media post where he pointed the finger at intelligence chiefs for the security lapse. He later deleted the post and apologized. Net Yahoo, speaking through an interpreter, addressed the nation our hero troops. They have one supreme main goal to completely defeat the murderous enemy and to guarantee our existence in this country. We've always said never again, Never again is now. And those comments come as Netanyahu spoke by phone with President Biden to discuss developments in Gaza. A Russian airport and a majority Muslim region has been temporarily shut down after a mob forced its way onto the tarmac where, according to reports, a plane from Israel had landed. It took hours to restore order. The Russian air Transport Agency says the airport will reopen tomorrow, after initially saying the regional hub may be closed for a week. Well amy back here in the US, House Speaker Mike Johnson said he expects the Republican led chamber to pass an Israel aid bill this week and he spoke to Fox News. We passed the resolution, as you noted, in strong support of our strong ally and great friend Israel. We had to do that. And then I flew last night to Las Vegas and spoke to the Republican Jewish Coalition, as you noted, to send a further signal that this isn't a priority for our country and we cannot allow the brutality and the just unspeakable evil that is happening against Israel right now to continue. We're going to stand with our friends, and Speaker Johnson added that he believes an Israel only bill will also receive bipartisan support in the Senate. And let's get you up to date on a couple of high profile court cases. First, Donald Trump lost his latest attempt to delay the partial gag order on him in his January sixth trial. Bloomberg's ed Baxter with that story. The partial gag order bars him from publicly criticizing prosecutors potential witnesses in court. Staff US District Judge Tanya Chutkin's ruling will immediately go into effect unless a higher court intervenes. Trump attorneys are expected to ask a federal appeals court to immediately step in the order was paused as a judge allowed further arguments. Prosecutors argue for a tighter gag, as they say a post regarding former chief of staff Mark Meadows, who flipped last week, would have violated the order if it were in effect ed. Baxter Bloomberg Radio all right ed thanks another trial news. FTX co founder Sam Bankman Freed returns to the stand today. He'll likely face a bruising cross examination from prosecutors after his Friday testimony, where he admitted to mistakes but said he didn't commit fraud. The case against Bankman Freed centers on allegedly fraudulent transfers of billions in FTX customer funds to an affiliated hedge fund, Alimeter Research, in which he held at ninety percent interest. Turning to the market's futures are higher as we begin a new trading week, S and P five hundred to enter da technic correction on Friday, with the benchmark closing ten percent below a recent peak. Morgan Stanley's Mike Wilson says investors hoping for a boost to stocks by the end of the year will be disappointed. Wilson says profit expectations are too high for the fourth quarter and next year. Melami. The direction of the equity market may be determined in part by some key events on the economic calendar. We get a preview from Bloomberg's Michael McKee. House prices and consumer confidence lead the way tomorrow before a big Wednesday ADP, employment, jolt's, job openings, and ism manufacturing. Thursday we get productivity and jobless claims, and Friday brings everyone's favorite indicator, the October jobs report. Normally that might be the big event of the week, but two Wednesday events will overshadow it. The Fed always gets huge attention even though nobody on Wall Street thinks they'll do anything this week, and Treasury's refunding announcement how much they'll borrow of what bonds this quarter. Debts are so high it could be a major market moving event. Michael McKee, Bloomberg Radio. I thank you, Mike. In Europe, shares of HSBC are down a quarter of a percent profit MYSSED estimates, but the bank did announce a fresh buyback program. We spoke with CEO Noel Quinn very pleased with the three billion dollar buyback that we've announced today. Up to three billion dollars. That takes it to seven billion for the full year. And I'm also pleased that we've announced another ten cents dividends. AHSBC chief executive Noel Quinn suggested there may be more buybacks to come. Well, Lamey, there's more labor problems at one of the big automakers. Workers at Stalantis's Canadian plants went on strike after failing to reach a new contract by a Sunday night deadline. UNI four, which represents Canadian autoworkers. As the strike involves more than eighty two hundred members, it gives the automaker a new labor headache just days after it's settled a long walkout with the United Auto Workers in the US, and again, futures are on the rise. This morning, straight ahead, we have more global headlines, plus a check of sports, and this is Bloomberg. Thank you, Karen. Time now for a look at some of the other stories making news in New York and around the world, and for that we're joined by Bloomberg's Michael Bark. Good morning, Michael, Good morning, Amy. More protests were held over the weekend across New York City, over the Middle East, crisis. Yesterday in Queens, a rally was held by the Bangladeshi community in Ozone Park. On Saturday, demonstrators in Manhattan march with Palestinian flags. Hundreds gathered for Brooklyn United for Israel rally demanding the release of hostages held by Hamas. A huge rally was also held inside Grand Central Terminal organized by the group Jewish Voice for Peace. Demonstrations were also held in Newark. An autopsy has been performed on Matthew Perry, but it could be weeks before we know what caused the star's untimely depth. Terry was found over the weekend in his hot tub at his Los Angeles home in New York City. Fans have been showing up in the rain to pay the respects at the sight of the famous Friend's apartment building in the West Village at the corner of Bedford in Grove Streets. Ely Besaides tears were coming. Ivy we were thinking about he was very funny. Matthew Perry was fifty four. A Long Island man was arrested after police say he allegedly pointed a gun at a six year old boy after the child mistakenly went to the wrong house. Michael Wynn was a rained yesterday in charge with menacing and endangering the welfare of a child. Authorities saying that the mother was driving her three kids and her nephew to a house in Manhasset when they apparently dropped off a Halloween goodie bag at the wrong address. Police say Win allegedly opened the door and pointed a gun at the boy's head. Attention is now being turned to missed warning signs in last week's massacre in Lewiston, Maine, that killed eighteen people. Police saying the suspected gunman, Robert Card, was found dead from an apparent self inflicted gunshot wound. Cohen, a former DHS official, sold ABC Card fits the profile of a mass shooter. This is an individual who is troubled that he was exhibiting behaviors that were noticed by family members, people he worked with, people in the military, yet he was still able to get a gun, and he was still able to fall through the cracks in the system and commit a mass shooting. Meanwhile, more than a thousand people gathered for a Sunday evening vigil to remember those killed and wounded in Lewiston. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr. This is Bloomberg Amy. All right, Thank you, Michael, and we do bring you news throughout the day here on Bloomberg Radio. But now get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus apples, Spotify, and anywhere else you get your podcasts. Time now for the Sports Report, brought to you by Tri State Audi. For that, we're bringing John stash Hour. Thanks Amy. The Jets Giant game was expected to be low scoring. Both teams have a stout defense ended an anemic offense, but no one could have expected twenty four punts a collective four for thirty four on third down of the Giants to have negative nine passing yards. Despite that, the Giants towards the end were said to have a win probability of ninety nine percent. They led by three going for a field goal. Zach Wilson of the Jets had had only one good offensive play all day, but everything changed in the last twenty eight seconds of regulation. The thirty five yarder by the normally reliable Graham Ganot was missed. Wilson suddenly had consecutive twenty nine yard completions. Greg zerline field goal sent the game to overtime, where the Giants and Dorry Jackson was called for a thirty yard pass interference and the Jets kicked again. Stoop clean please continue the kickass up and the tech hooks to the left, but it's gone inside the left pry for Zerlin and the Jets spit it in overtime, and honestly, I'm not sure how it was. Headshake Adespo, New York the calleg Jets one thirteen ten. They've won three to a rother Giants are two and six and may have to play next week with the rookie QB Tommy DeVito. Daniel Jones's replacement, Tyrod Taylor, left in the first half with injured ribs. Big upset in Denver, Broncos beat the Chiefs first time in seventeen meetings, twenty four to nine, forty nine ers or five and oh. They've lost their last three beaten by Cincinnati. John Stashiewer, Bloomberg Sports ten. All right, thank you, John. The Bloomberg Sports Report was brought to you by Audi. Don't let someone else drive off in the Audi model you've always wanted. Visit your local Tri state AUDI dealer to get behind the wheel of yours today, or visit audioffers dot com for more information. Just add on Bloomberg Daybreak the very latest from Tel Aviv when we talk with Bloomberg's Ross Matheson, and we'll hear from a senior advisor to Prime Minister Benjamin Nott in Yahoo. You're listening to Bloomberg Daybreak. Futures are higher from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's Exam the Bloomberg Business Appen Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I MA anymore. As Israel has widened its ground offensive, end guards are pressing ahead with what it is calling the second phase of its war against Hamas we are joined now by Bloomberg's Roz Mathieson and Ras. Israel calls this the second phase. But what does that involve well what we know, it just doesn't involve an expanded operation on the ground inside Gars and more troops, more tanks going in where they continue their aerial bombardmer But what's interesting in this is that it's not the full throated ground war that we perhaps are expecting a week or two ago. We know Israel had masked hundreds of thousands of soldiers near the border with Gars, are an awful lot of equipment in the area, and so far they haven't sent in that kind of number of troops, and they're doing more target operations on the ground. That said, it is an escalation from what we had a few days ago, and the warning from the Israeli officials and the military is that this could take many many weeks, if not months in terms of their operation on the ground. Meanwhile, and all of that, we're seeing even greater evidence that the humanitarian situation for those inside Gaza is deteriorating further. Now, this is not the full scale invasion, as you just explained, and it is more measured, more targeted. So is Israel maybe backing off of the idea of that full scale invasion. Well, it certainly is a more significant operation on the ground than it was. As I said a couple of days ago, they said they struck more than six hundred targets in Gaza in recent days. That includes weapons depots and missile sites and so on. It's talked about saying that it's taken out quite a number of Hamas fighters. It's also conducting raids in the West Bank and clashing with militant fairs. So it's not a small scale military operation, but it's not the level that perhaps we expected. They are still maintaining that their ultimate goal is to decimate Hamas, to make sure that an attack that happened on October seven can never happen again. And let's look at the risk of this expanding. The Biden administration preparing for the possibility of the war expanding across the Middle East. What are some of the signals that we have seen that this is actually starting to bleed over Well, so far, we are seeing around, for example, make those threats it could open up multiple fronts in the region. We're still seeing some attacks coming from outfits proxy outfits for around in places like Syria, we're seeing Hesbela still engage in firefights with Israeli forces from the North, but we haven't seen a real step up in that activity. We're not seeing hes Bala utilize the full force of its machinery. It's got some very highly sophisticated missiles, for example. So we're seeing a lot of threats at the moment that it could still bleed into a broader conflict, and that remains a high concern for all, but so far we're not seeing real evidence that that's starting to happen. Israeli Prime Minister Benjamin Natanyahu, as you know, has been facing criticism and a lot of pressure over his unwillingness to accept any responsibility for that attack back in October. Is there a risk that Israel may find itself more isolated as it goes further, Well, we are seeing that idea of a unity government in Israel already potentially start to fray. As you mentioned the Prime Minister Benjamin net Now, he tweeted in the middle of the night saying that the security forces were responsible for the lapses that allowed the October seven attack. He then had to retract that tweet and apologize against a wall of criticism inside Israel. So perhaps questions about ongoing political unity inside Israel, but outside Israel. Also, you are seeing those very significant expressions of concern coming from Europe, the US and elsewhere and also Arab nations in the region about the state of life inside Gaza for people who were there, and concerns about the humanitarian situation. So you are still seeing that way to support from the US and Europe for Israel in the aftermath of the attack, But as time goes on, that is being eroded somewhat about concerns about the level of the catastrophe inside Gaza. All right, Bloomberg's ros mathieson with the latest in Israel. Thank you so much for that, And as that war enters its second phase, Israeli Prime Minister Benjamin nat Yahoo apologizing, as Rod's just explained, for that social media post in which he failed to accept responsibility for the terrorist attack on October seventh. Now earlier today, our Caroline Hacker spoke with Mark Regev, senior advisor to net Yahoo about that social media post and other aspects of the war. They talked about long term goals for security and peace, humanitarian aid for Gaza, US support. Let's go to part of that discussion. We haven't released any information yet, but what I heard last night was so far we've been doing well, and that's important for us obviously, But our goal is of course to take on Camas, to destroy its military machine and to remove it from power there on the Gaza Strip. We refuse in Israel to return to a situation where we've got this terrorist enclad on our southern border that at will will attack us, at will, will send rockets into Israel to target our cities, at will will send its killers into our country to massacre our people. We won't stand for that anymore. We will take on Kamas, we will destroy its capabilities to hurt us. What efforts are being made to negotiate the release of hostages now as the ground offensive has widened in the last couple of days, do you expect any more hostages to be released by hamas well? First of all, I don't expect Tamas to suddenly change. They're not going to become humanitarians. Yes, they are a brutal terrorist organization, and we saw vividly the sort of violence that capable of, the brutal violence that they're capable of when they attacked Israel on October seventh. So we have no illusions about Kamas we think we'll get our hostages out by ratcheting up the pressure on Hamas, the military pressure, the diplomatic pressure on its allies. We think that's the best way to get our people home. And of course, as our operation continues, and as our operation expands, the efforts to get the hostages released will continue. You are close to Benjamin Latanier, who is his advisor, of course, and you're in the room at many of the important moments and meetings. Benjamin Netanya, who over the weekend issued this very rare apology for a tweet in which he blamed Israel's security forces and intelligence of failing to anticipate the Hamas attack on the seventh of October. How much pressure is Netanyahu under now to resign. I'm not aware of any pressure for him to resign. I would say this, Yes, it's clear that we're failures on the Israeli side. They took us by surprise on October seventh. We didn't have an intelligence warning. That's clear. When they crossed our border. They butchered our people, and Israelis want to know how this happened. Now. Obviously the Prime Minister is at the top, and he has overall responsibility. But it's clear that when this is over, we're going to have to look at all the lessons learned and have a thorough investigation of what happened, where everyone in all positions of authority will be held accountable. Iran's foreign minister has been speaking to Bloomberg. He spoke to us on Friday. He said that if the United States continues what it has been doing so far, in other words, support for Israel, then quote new fronts would be opened up against the United States. How much of a concern are comments like that to you. I think it's exactly opposite, the fact that the United States has sent its two aircraft carrier groups to the Middle East, the fact that the United States has worn the Iranians. Don't use Gaza as an excuse to try to start something new. I think that's going to keep the peace. Our policy is victory in the south, and we will win victory over Kamas and the gas strip and to deter any possible offensive from Grizibella or Iran in the north. And as it's been reported, Israel has been fighting back, hitting targets when we've been attacked by Islaar and even from Syria. Last night, but we don't want a larger escalation in the north, but we are ready. The US, though, has said that Israel and its military should be taking every possible means available to them to distinguish between Harmas, should the US cause terrorists who are legitimate military targets, in their words, distinguish between Hamas and civilians who are not are not targets. Is Israel doing that. Israel has also promised significantly more humanitarian aid. What is the realistic time frame for when that happens. So we accept that we want to attack and destroy Hamas, and we want to make every maximum every effort possible to keep civilians out of the crossfire between the idea of these rather defense forces than the Kammas terrorists, and that's why we've been calling upon urging Gars and civilians to leave combat zone, specifically in the north where we know there is going to be heavy fighting. We want to get them out of Harmer's way. At the same time, it must be said that Ramas is doing everything possible to tell people not to leave, that they have to be martyrs for Ramas's crazy extremist cause, and they've actually put up roadblocks to physically prevent people from leaving areas of combat from going south. What do you say to the UN call and many other countries who are calling for a cea spar that actually, more bloodshed is not the way to bring about peace after so many other wars. What do you say to them, Well, if they can tell me another way to dismantle Cammas's military machine, I'm very glad to hear it, But at the moment, there is no other way. And those who call for a cease file in the current situation. It might sound good, and I understand why people might think, oh, that's a wonderful idea, let's stop shooting, But that basically just returns us to October seventh or sixth in the morning, where Israel has this terroced enclave on our southern border run by Kamas, which is like Isis on steroids. We saw the violence they were capable of that, We saw the brutality. We saw the rapes and the murders and burning people alive, and the massacres. We refuse. People have to understand Israel refuses to return to that situation. What is the post war plan for Gaza exactly? So we don't want to have, you know, to stay there forever, but we will. We will stay there as long as we need to destroy Kamas's military machine, and that is the goal of this operation. And so it would mean Israeli forces in Gaza for an indefinite period of time. I wouldn't put it that way, but as long as our military operations are necessary to destroy Kamas's military machine. Once again, we have no intention of staying there. We have no desire to rule the Gaza strip in any sort of That was Mark Redjeff, Senior advisor to Israeli Prime Minister Benjamin det Yahoo, speaking with our Caroline Heffger. Listen back to that entire conversation on the Bloomberg Talks podcast. Download that program wherever you get your podcasts. You're listening to Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Sirius XM Channel one nineteen, the iHeart Radio app, and on Bloomberg dot Com. I'm Amy Morris and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg DaybreakSee 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Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.  In this episode:  Federal Reserve interest rate decision. Economists are forecasting the Fed will hold the target for its benchmark interest rate at 5.25% to 5.5%. US employment report for October. Economists are forecasting non-farm payrolls rose by 173,000 in October following September’s gain of 336,000. Republicans installed little-known Trump ally Mike Johnson as US House speaker, cementing the party’s rightward shift and ending a messy three-week succession fight that paralyzed legislative work. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) US forces conducted strikes on two facilities in eastern Syria it believes were used by Iran’s Islamic Revolutionary Guard Corps and affiliated groups, in response to attacks on American troops in the region. 2) Taylor Swift’s Eras tour has generated as much money as the economies of small countries. The movie version is ruling the box office. Her new recording of a nine-year-old album, 1989, is expected to be one of the hottest-selling records of the year. 3) A massive manhunt is underway in Maine for a suspect in a mass shooting that left 18 people dead and 13 injured at a bowling alley and a restaurant in Lewiston, the state’s second-largest city. 4) Amazon Chief Executive Officer Andy Jassy gave investors much of what they wanted this earnings season: robust sales and profit growth along with a hint that the cloud division earnings machine is regaining momentum.5) The Buffalo Bills beat the Tampa Bay Buccaneers in Thursday Night Football     Full Transcript:     00:02Speaker 1Good morning. I'm Nathan Hager and I'm Amy Morris. Here are the stories we're following today. Amy, we begin with breaking developments in the war in the Middle East. The US has now conducted military strikes, and we get more from Bloomberg's Rosalind mathieson the US has struck two targets, they say inside Syria. They say they were aiming at Iran's Islamic Revolutionary Guard and basically a warning again to some of these proxy groups that are operating in the region potential on behalf of Iran, because what we've seen is an escalation the pattern of attacks or targeting of US military assets in the region. Bloomberg's Rosalind Mathison says Defense Secretary Lloyd Austin is characterized in the US strikes as separate and distinct from the Israel Hamas war, and Nathan the strikes come as Iran's born minister warned the US won't be spared if the war between Israel and Hamas spreads. Born Minister Hossain Amir abdo Lahi and delivered the threat in a speech to the United Nations General Assembly. We do not welcome to expansion of the war in the region, but are you all If the genocide in Gasse continues, they will not be spared from this fire. The comments by Iran's foreign minister comes as Israel says it sent troops on a limited raid into Gaza for the second straight night. Now amy to the latest on the deadly mass shooting in Maine, an intense search continues for Robert Card, the forty year old Army reservist accused of killing eighteen people inside a bowling alley and bar in the city of Lewiston. The city's mayor, Carl Shalen, is telling people to stay off the streets. This is the time for action, solidarity and support. Please take note the shelter and place order issued by the Lewiston Police Department remains in effect. Please stay at home and be safe. Lewiston Mayor Carl Shalen says much of the focus has been one of cards relatives' homes in the rural town of Boden f Behind. Other agents surrounded the property, ordering anyone in Scientist surrender after several hours, though state police said it was not clear if anyone had been there. The newly anointed Speaker of the House is commenting about the latest deadly shooting. Mike Johnson does not think it's a gun problem the end of the day, it's the problem is the human heart. It's not guns, not the weapons. At the end of the day, we have to protect the right of the citizens to protect themselves and that's the Second Amendment and that's why our party sends show strongly for that. Speaker Johnson made the comments in an interview with Fox's Sean Hennity and said that now is not the time for new gun laws. I Meanwhile, Amy the House passed its first major piece of legislation since Johnson became Speaker, and it flies in the face of President Biden's emphasis on energy efficiency. Bloomberg zed Baxter has the story. It cuts into the Inflation Reduction Act, which incentivized homeowners to switch to more energy efficient appliances, and into money that helps stage craft more stringent building energy codes. The effect of this which strip billions of dollars put aside for consumer rebates. Speaker Mike Johnson in the past has criticized the spending on climate and clean energy measures as green energy slush funds. It's not expected to pass the Senate or get a Biden's signature ad Baxter Bloomberg Radio, Thank you ed Now. An update on the trial of Sam Bankman Freed. The FDx founder, spent almost three hours trying to convince a judge to allow him to testify to a jury about the role lawyers played in the collapse of the crypto exchange. Bloomberg's Bob van Vories is covering the case in Lower Manhattan. He spent the entire afternoon on the spand but he was previewing testimony that he wants to give relating to advice that he got from lawyers. So Judge Kaplan is listened to the testimony. It's going to rule in the morning. What the jury gets to hear. They got sent home after lunch. Bloomberg's Bob van Voris says, Bank and Freed's team is trying to show many of the transactions are the subject of criminal charges conducted in the full view of lawyers. Turning to markets, Amy Watch and shares of Amazon, they are hired by more than five percent in early trading. The company gave investors a lot of what they wanted this earning season, robust sales and profit growth, along with a hint that the cloud division earnings machine is regaining momentum. Matthew Bloxham is a tech analyst for Bloomberg Intelligence. They are the leader in cloud, so there's a huge number of corporates who already use them for cloud, and those corporates are all scrambling to get into the genes of AI space, so they're kind of looking to train models and use them in applications. Bloomberg Intelligence, as Matt Bloxham says, cloud unit sales increase twelve percent. More than twenty three billion dollars. Shares of Intel also on the move, up nearly eight percent. The chip maker is predicting a return to sales growth in the fourth quarter. Intel says it's being fueled by an improving personal computer market and a more competitive product line. Turning to the economy, Amy Janet Yellen says the surgeon treasury yields is tied to the strength of the economy rather than the widening fiscal deficit. We spoke with the Treasury Secretary in Washington. We're seeing yields go up in most advanced countries. Part of the increase in yields, I think is simply a reflection of the strength of the economy the notion that interest rates will be higher for longer. Secretary Yellen says the trends that had produced low levels for yields before the pandemic are still there. For the full conversation, head to our Bloomberg Talks podcast feed find it wherever you get your podcasts. And right now we find the tenure treasury yield at four point eight six percent, the two years at five point zero four, and futures are surging. This morning, this is Bloomberg Time now to take a look at some of the other stories making news in New York and around the world. For that, I'm joined by Bloomberg's Michael Barr. Good morning, Michael, Good morning, Nathan. Representative George Santos's scheduled to be a rain this morning on more charges filed earlier this month. According to prosecutor, Santos allegedly stole identities and made purchases on the credit cards of his donors. Meanwhile, there is a push from New York Republicans to expel Santos from Congress. Representative Anthony Desposito says Santos is not fit to serve as constituents. As a United States representative people have seen over the last ten months what a fraud he is. I mean, you know, you read either indictment, there's a clear outline that lays out the fabrications, the lies, the manipulation of donors and others that he has committed over the last year or longer. Audio courtesy of Forbes. D Esposito's resolution would need two thirds of the House to expel the Long Island Congressman. Meanwhile, Santos, who says he will not step down, responded on social media saying that he is entitled to due process and not a predetermined outcome as some are seeking. The NYPD is on high alerts in case the suspected main mass shooter tries to enter the tri state area. While there is no evidence that suspect Robert Card is coming to New York, it comes at a time when already counter terrorism officers are on the streets because of the crisis in the Middle East, and MYPD Commissioner Rebecca Winer, we don't see any neccess to New York City with this incident, tragic as it was, but we've been saying this a lot over the last couple of weeks, and we always do we urge all New Yorkers to continue to go about your business, but to remain alert to your surroundings. Commissioner Winer join Mayor Eric Adams at a news conference to discuss safety in the city. Amid the active search for card There will be more than one hundred car free streets to keep trick or treaters safe in New York City this Halloween. The Trick or Streets Initiative is being expanded to give access to pedestrians for safe spaces across the five boroughs. The initiative that kicked off October fourteenth at fifteen locations, where we expanded starting tomorrow, Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr. This is Bloomberg Natha Tricker Streets. That's a great idea. Thank you, Michael. Now great news because we do bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule, Listen and subscribe to Bloomberg News now on the Bloomberg Business app, Bloomberg dot com, plus Apple, Spotify, and anywhere else you get your podcasts. Time now for the Bloomberg Sports Update, brought to you by tri State Outy. Good morning, John stash Hour, Good morning. Eighth in this world series with two unlikely teams begins tonight. Both Arizona and Texas lost over one hundred games just two years ago. Both snuck into the postseason as a wild card, but are nine and three allthough. The Rangers are one and three at home eight no on the road. Ain't arly. They start Nathan Evaldi, who's four and oh in the postseason. The Diamondbacks start Zach Gallon. The Bills are four and oh. In Buffalo, they never trailed, beat the Bucks twenty four to eighteen. Josh Allen threw for two touchdowns ran for another. The Jets and Giants first played each other in nineteen seventy Sunday's game only the fifteenth regular season meeting ever. Giants lead the series eight to six. Jets have won the last two. Last Giants win was twenty eleven. They won the Super Bowl that year. Here's Jets coach Rob Sala. I'm excited about You said it's once every four years. Maybe there's a crossover now at the seventeenth game. But you know, I think it's really cool for the fans. I think it's great for sports talk radio and all the different newspaper outlets and all that. But you know, it's a championship opportunity. You know, a lot of respect for them. They've got a tremendous history of Salla's backup running back is veteran Dalvin Cook plays behind Breeze Hall. Cook says he's frustrated being the backup, might want a trade before next week's deadline. A five game road trip for the Rangers. They won the first three and of a lot only two goals the shutout for Jonathan Quick and Edmonton. Rangers won three nothing. Islanders beat Atawa three two. Damian Lillard's first game for the Bucks in Milwaukee port in thirty nine points and a one point win over the Sixers. The Lakers, bree Phoenix Nixon Nets began with losses at home. They're on the road tonight, Nicks in Atlanta. Nets are in Dallas. They'll face the X next. Tyler RD Johns, Dashawl Bloomberg Sports Nathan. All right, John, Thanks. Bloomberg Sports is brought to you by Audi. Don't let someone else drive off in the Audi model you've always wanted. Visit your local Tri state AUDI dealer to get behind the wheel of yours today, or visit audioffers dot com for more information. A debrief on the Israel Hamas War. Next, we're gonna check in with Bloomberg's Israel Bureau chief Ethan Brunner in Tel Aviv, from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias XAM, the Bloomberg Business app in Bloomberg dot com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. The world is watching for the next phase in the Israel Hamas War. Israel has carried out ground rates in Gaza for a second straight night, and now the US is targeting are striking targets in Syria that it says have been used by Iran and its proxy groups for the latest We are joined by Bloomberg's Israel Bureau chief Ethan Bronner in Tel Aviv. Ethan, good morning. What more can we say now about this latest military activity, not just by Israel but now apparently the United States. Yes, well, I mean, what we can say is that these are a small piece of evidence of the risk of a spreading conflict, of the fact that Iranian proxies around the region, not just Hamas in Gaza, are at work, and that a combined force of Israel in the United States seeking to sort of keep them in their place, as it were, as opposed to letting it get truly out of hand. The Americans have absolutely heightened their military profile in the region. The Eisenhower is on the way to the Eastern metag should be here by Monday. There's a whole bunch of Patriot missiles, a whole bunch of troops as well, and Israel is trying to decide what it's going to do in Gaza. I think it's become an increasingly anguished decision because of those two hundred plus hostages, because of the concern that victory is hard to define, and because even though people are humiliated and furious about what happened in October seventh, the question of how many casualties Israel truly wants to take in this far from clear. And to that point, Ethan there has to be some thinking on the Israeli part about how to continue to keep Allied support given how fierce the response has been on the Israeli side following that October seventh attack by Hamas. Look, I think that's true, I mean absolutely. I wrote a story a couple of days ago about the sense that Israel has that it is increasingly alone in its view of the legitimacy of what it's doing. It's not alone alone, and that the United States has been a standing shoulder or shoulder with it. The Europeans have come through and have said, we feel your pain, we understand, we agree AMAS is a terrible organization needs to be dismantled. But what does that really mean? And at what cost? And what about these seven thousand dead people in Gaza? And I think even the United States feels a way, and even people in Israel to some extent are beginning to ask what does it mean to do? What is the right thing to do? And I don't think they've figured it out. There is a sense here that unless AMAS is ultimately dismantled, that that life here will not be tolerable, that people will not stay, people not live along the border, and that is not something that's acceptable. But what does it mean on what time and what time frame Israel needs to do this, I think is the key. In addition to the concern that Hisbella and other Iranian back groups could enter the frame and at the same time, Ethan, we've heard from Israel that the strikes that have been carried out have continued to take out HUMAS leadership. I think one of the latest reports was that a deputy director of HUMAS has been killed in one of the latest strikes. Is there a sense that taking out the leadership is achieving some of the objectives that Israel is setting out here? Well, I mean, I don't know that we're there yet. That's absolutely Israel's contention. And they've set up, in fact, within the security system a kind of a squad that's going to take it upon itself over the next year or two or three to take guys out who've led HUMAS, whether they're in Gaza or in Katar, or in Lebanon or in Turkey. There's a kind of assassination squad that's been set up, and they're also going after them inside. Does it make a difference, It must make a difference, But you know, they're spread around. There are a lot of them, and it's very hard to the impression one gets at the moment is that it's sort of middle management that they've been able to get, not the top guys. So I don't know how big a difference it's making. Appreciate you coming back on with us, Ethan, and keeping us up to speed on all the developments that have been happening in the Israel Humas War now with these US strikes into Syria as well. Ethan Browner are Israel bureau chief for Bloomberg News, joining us this morning from Tel Aviv. And now we want to turn to a conversation with Treasury Secretary Janet Yellen. She joined Bloomberg Washington Bureau chief Peggy Collins for a wide ranging conversation after we saw a third quarter GDP in the US grow at its fastest pace in nearly two years. Secretary Yellen talked about that blowout economic figure as well as rising bond yields and geopolitical risks. Let's go to part of that discussion. Now, it's a good strong number and it shows an economy that's doing very well. Let's remember it is just one quarter's number, and I'm not expecting a growth at that pace to continue. But we do have good, solid growth. You know, probably the year will come in close to two and a half. I wouldn't be surprised if we see that we have solid job creation, a low unemployment rate, increased engagement in the labor force, inflation's coming down, and you don't really see any sign of recession here. I have to say, I've been saying for a long time that I believed there was a path to bring inflation down in the context of a strong labor market. Frankly, it's only it's about a year ago since I believe a Bloomberg model predicted that by October of twenty twenty three. Now, namely that you saw at the odds of recession at one hundred percent. I don't think we have that. You know, what we have looks like is soft landing with very good outcomes for the US economy. So I think there's a lot to be pleased to beat. And you see good strong consumer spending. Consumers still have substantial wealth. I think it's supporting good strong spending and the economy is doing well, and I think US growth is making a contribution to stronger global outcomes as well. So I want to ask you a little bit about the rise in yields that we've seen. We've seen yield surging over the last few weeks. The ten year treasury rose above five percent earlier this week. What's your view on what is driving that surgeon yields and how much of it is connected to investors' concerns about the US deficit. Well, I don't think much of it is connected to that. This is a global phenomenon in advanced countries where seeing yields go up in most advanced countries of the world largely, I think it's a reflection of the resilience that people are seeing in the US economy, that we're not having a recession, that consumer spending and demand continue to be strong, The economy is continuing continuing to show tremendous robustness, and that suggests that interest rates are likely to stay higher for longer. And so part of the increase in yields I think is simply a reflection of the strength of the economy, the notion that interest rates will be higher for longer. Now, whether or not that's really true if we look at five or ten years, what are interest rates likely to do? Honestly, for a very long time, we've felt that interest rates over decades had been coming down real interest rates, and there were deep structural reasons for that, in part relating to demographics and those underlying trends. They're still there, they're still in force. So I think it's perfectly possible that we will see longer term yields come down, but nobody really knows for sure. But I see the higher yields as certainly importantly a reflection for stronger economy. I know you took a trip to China in big to Beijing this summer. You've been talking about how our policy should really be around de risking or diversifying rather than decoupling. But what do you think is the current status of that. Do you think the Chinese have adopted that and feel like they can trust us on that front, or do you think they still really think that we're in a competition with them first and foremost. So, I mean we've articulated a strategy. As you said, it involves de risking in some areas where we're overly dependent on China, and clean energy is a good example. We also intend to focus on national security. That's an area that we're not willing to compromise on, and so we have We do have export controls. We continue to review them with We're working on a set of restrictions on outbound investment to China. We've discussed this with them and put out a proposal that's in the public domain. I think comments just closed on it. But our objective there is to target what we do as narrowly as possible so that it really focuses on national security, that it is not an intention in that to harm the prospects of Chinese economic development and the welfare of the Chinese people. With the Israel Hamas war happening in the Middle East, I think there's a concern by some that the war could spread or expand to broader in the region. I know that that's not your base case, but if that was to happen, could you walk us through your wrist scenario for what that might mean to the global economy. My focus is, I look now at what's happening to the Middle East. Really is the tragedy, the human tragedy that's taking place with the Israelis have suffered, and of course we're worried about casualties in Gaza as Israel pursues its war against Tamas. So far, I would say we've not yet seen much that has global consequences. What could happen if the war expands. Of course, there could be more meaningful consequences, but I think it's premature to speculate against about those, and I think our focus should be keeping this contained and not spreading. And that was the Secretary of the Department of the Treasury, Janet Yellen, speaking with Bloomberg's Peggy Collins from our Washington newsroom. You could hear that entire conversation on the Bloomberg Talks podcast. Download the show in all of our high profile discussions wherever you get your podcasts. Finally, amy more proof that the Taylor Swift era is alive and well. Taylor Swift's eras tours generated as much money as the economies of small countries. The movie version is ruling the box office. New recording of a nine year old album, nineteen eighty nine, just dropped at midnight tonight and is expected to be one of the hottest selling records of the year. Now Taylor Swift's net worth has catapulted her past the billion dollar mark. The calculation by Bloomberg News takes into account the following, the estimated value of Taylor Swift's music catalog and her five homes, as well as earnings from streaming deals, music sales, concert tickets, and merchandise. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed by six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Plus listen coast to coast on the Bloomberg Business app, serious XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Amy Morris. Join us again tomorrow morning for all the news you need to start your day Right here on Bloomberg day BreakSee 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Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Police in Maine are pursuing a suspect in a mass shooting that has left at least 16 people dead in a pair of incidents in the city of Lewiston 2)  Israel’s military said it made a limited ground raid into northern Gaza with infantry and tanks before withdrawing, as it kept up airstrikes on the besieged territory.   3)  The United Auto Workers reached a tentative labor agreement with Ford, putting pressure on the carmaker’s two chief rivals to end a protracted strike that has cost the industry billions of dollars. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) United Nations chief Antonio Guterres called for an immediate cease-fire in besieged Gaza, saying here were “clear violations” of international law. Israel’s ambassador to the UN demanded he resign over the comments. 2) House Republicans nominated Representative Mike Johnson of Louisiana as their latest choice for speaker, selecting one of Donald Trump’s most outspoken allies in his efforts to overturn the 2020 presidential election. 3) Microsoft Gains After Cloud Growth Drove Sales Surge in Quarter See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) French President Emmanuel Macron meets officials in Israel. He's expected to call for the resumption of the Israeli-Palestinian peace process.      2) House Republicans try to choose a nominee for speaker after the party’s two previous candidates failed to secure enough support to win the job.      3) JPMorgan Chase CEO Jamie Dimon says central banks got financial forecasting “100% dead wrong.” As a result, Dimon says they should have humility about the outlook for next year.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: US Talks to Allies About Preventing War Spillover Western countries intensified efforts to stop the Israel-Hamas war from spreading, with US President Joe Biden talking with leaders from Canada, France, Germany, Italy and the UK to strengthen diplomatic coordination. 2) Israel's Support for Hostage Talks May Delay Ground Invasion Israel supports diplomatic efforts to get Hamas to release hostages from Gaza quickly and in large numbers, a move that could delay and possibly alter its ground war, according to people familiar with the negotiations.  3) House Republicans Try to Elect a Speaker this Week   House Republicans set up a nine-man contest for the speaker’s post on Sunday, signaling what may be a drawn-out vote to fill the vacancy this week.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking in the coming week.  In this episode:     1) Big tech earnings could be a catalyst for stocks     2) Fed Chair Jay Powell signal a November rate hike is unlikely     3) China seeks to do more on the global stage to expand its influenceSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) President Biden Casts Russia, Hamas as Parallel Threats to Democracy     - President Joe Biden directly appealed to the American people to support funding for Israel and Ukraine’s war efforts, warning that Hamas and Russian President Vladimir Putin pose parallel threats to US democracy.        2) Israel Strikes on Gaza and Hezbollah as Tensions Spread      - Israel’s military said it struck Hamas targets in Gaza overnight and responded to fire from Lebanon by hitting Hezbollah assets, as leaders from around the region prepare to gather in Cairo for a summit.     3) Jim Jordan Continues His Effort To Claim the Speaker Seat     - Death threats and political intimidation have erupted from the struggle to decide the US House speaker, highlighting how extremism and enmity in the American electorate are deepening the political divide in Washington.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: UK’s Sunak Visits as Diplomatic Efforts Intensify 2) Trump Leads Biden in Key States as Voters Fret About the Economy 3) Netflix Surges While Tesla Drops on Earnings See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden Meets Netanyahu After Blast Stokes Tensions 2) Jim Jordan Struggles to Gain Speaker Support 3) Xi, Putin Meet in China See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden Plans High-Stakes Israel Visit to Keep War From Escalating 2) Jim Jordan Edges Closer to Becoming Next US House Speaker 3) Bank Earnings Continue See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Blinken Returns to Tel Aviv in Bid to Contain War 2) House Republicans try again to elect a new Speaker 3) Taylor Swift Tour Movie Sets Record for Concert Film Debut See omnystudio.com/listener for privacy information.

 Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming bank earnings, the inflation fight in the UK, and China's economic issues.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Scalise Ends House Speaker Bid 2) Israel Urges Evacuation in Gaza 3) Big Bank Earnings BeginSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: Jets Target Hamas Leaders 2) Republican Divisions Threaten Scalise’s Ascent to House Speaker 3) Stocks Rise as Traders Look to US Inflation Data See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: Missiles Fired from Lebanon 2) Biden Says US Boosting Military Aid to Israel Following Attack 3) Exxon Nears $58 Billion Deal to Buy Pioneer in Big Oil Bet  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: Military Builds Forces Near Gaza as US Sends Aid 2) First Round of US Security Aid Is on the Way 3) Best Day for Treasuries Since March on Signs Fed May Be DoneSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Israel Latest: Conflict Enters Third Day With Over 1,100 Dead 2) US Sends Warships to Region 3) Oil Surges as Hamas Attack on Israel Fans Middle East Tensions See omnystudio.com/listener for privacy information.

 Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a preview of the upcoming CPI data, the battle to become speaker of the House, Ireland's newest budget proposal and the impact of China's Golden Week holiday.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Said to Have Revealed Nuclear Sub Secrets to Businessman 2) Exxon Nears Takeover of Pioneer, Its Biggest Deal Since 1999 3) Wall Street Awaits Jobs ReportSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Gaetz Supports Scalise and Jordan to Replace McCarthy as Speaker 2) Gross Says Bond Markets a ‘Little Oversold’ 3) Ellison Quickly Becomes Central Figure at Bankman-Fried Trial See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) McCarthy Ouster Means More Turmoil as Next Shutdown Fight Looms 2) Global Bond Selloff Upending Markets Shows No Signs of Abating 3) Trump Judge Issues Gag Order After Truth Social Post  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Republican Gaetz Moves to Formally Remove McCarthy as Speaker 2) Trump New York Fraud Trial Update 3) The Crypto Fraud Case Against Bankman-Fried See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Stocks Rise, Bonds Fall as US Shutdown Averted 2) McCarthy to Face Far-Right Attempt to Oust Him as House Speaker 3) Ackman Reportedly Considers Musk’s X for New Investment Vehicle See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including an impending government shutdown, the start of the trial of Sam Bankman-Fried and a look to the political party conferences in the UK.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) US Government Shutdown Looking Likely as Deadline Nears 2) Stocks, Bonds Tick Higher After Quarter of Losses 3) UAW Strike Update See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Last-Minute US Shutdown Deal Unlikely 2) Trump Rivals Attack Each Other But Fail to Shake His Dominance 3) Micron Is Set to Drop on Forecast for Worse-Than-Expected Loss See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Government Shutdown Nears as Lawmakers Make Incremental Gains 2) Trump Found Liable for Fraud in NY Attorney General’s Case 3) Interview with FTC Chief Suing Amazon  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Senate Nearing Bipartisan Measure to Avert a Government Shutdown 2) Biden to join the UAW picket line 3) Dimon & Solomon on Interest Rates See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.On today's podcast:1) Writers reach a deal in Hollywood as President Biden readies to visit autoworkers 2) Lawmakers aim for an agreement as a US government shutdown looms3) Amazon acquires a major artificial intelligence startup See omnystudio.com/listener for privacy information.

 Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a trip to the World Aviation festival in Lisbon, a preview of the upcoming Republican Presidential primary debate and the state of China's economy.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Lawmakers fail to make progress as a shutdown looms 2) Autoworkers are set to ramp up their strike in Detroit 3) Global markets react to central bank decisions See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Fed Signals Higher-for-Longer Rates With Hikes Almost Finished2) Hollywood Studios, Writers Inch Closer to Deal to End Strike3) McCarthy Revises Plan to Avert ShutdownSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) European Stocks Climb Ahead of Fed 2) UK’s Unexpected Drop in Inflation Opens Prospect of Rates Pause 3) UAW Eyes Next Strike Targets as Parts Shortages Begin to Hit See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Chevron CEO Wirth Sees $100 Oil as Worldwide Supplies Tighten 2) UAW Warns of Expanded Strikes If No ‘Serious Progress’ by Friday 3) Instacart’s $660 Million IPO Meets Goal With Market Rebounding See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) UAW Chief Fain Rejects 21% Pay Increase Offer as a ‘No-Go’ 2) Stocks Slip Before Rates Decisions 3) McCarthy Demands 8% Spending Cut, Border Wall to Avert Shutdown  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including news from the Fed, Bank of Japan and the Bank of England. Plus, the United Nations is set to take over New York City.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Ford, GM, Stellantis Hit by Strike Amid Wage Dispute With UAW 2) Byron Allen Makes $10 Billion Bid for ABC, Other Disney Networks 3) Chip Designer Arm Jumps 25% in Debut Win for Owner SoftBank  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) UAW Prepares Targeted Strike as Deal Talks Trundle Along 2) Arm Prices $4.9 Billion IPO to Ensure Smooth Trading Debut 3) Ray Dalio Says He Doesn’t Want to Hold Bonds, Cash ‘Is Good’ See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Talks stall in Detroit as an autoworkers strike threatens the US economy 2) House Speaker Kevin McCarthy bypasses a House floor vote to move to an impeachment inquiry 3) Traders get ready for the August CPI before the Fed's next meeting See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Pressure mounts on the auto industry to reach a deal with the UAW 2) Apple's new smartphone release comes at a critical time for the tech space 3) Jamie Dimon slams regulators over capital requirement plans See omnystudio.com/listener for privacy information.

Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.     Listen and Subscribe on:   Apple: apple.co/3Eyz9EX   Spotify: spoti.fi/45IG5LR   Anywhere: bit.ly/460OMka See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) President Biden says China's in no position to invade Taiwan 2) US Treasury Secretary Janet Yellen expresses confidence the US can stick the soft landing 3) UBS is set to cut hundreds of jobs in Asia See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the new iPhone 15, the upcoming ECB rate decision, and China's economic recovery.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The tech sector sinks amid fallout from China's iPhone ban 2) US-China relations remain chilly as President Biden meets with leaders at the G20 3) Goldman Sachs reportedly plans more workforce cuts See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Apple Falls as China Seeks to Expand iPhone Ban 2) Google Takes Steps to Limit AI's Impact on US elections 3) US Prosecutor Seeks to Indict Hunter Biden in September See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Oil Tests November High After OPEC+ Leaders Extend Supply Cuts 2) China Bans iPhone Use at Central Government Agencies, WSJ Says 3) FTC’s Amazon Antitrust Suit Likely to Be Filed in September See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Goldman Cuts US Recession Chances to 15% on Improved Inflation 2) First Lady Jill Biden Tests Positive For Covid-19 3) Arm Banks Set for $100 Million Payday From Chip Designer’s IPO See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look back at the August jobs report, the upcoming numbers from the UK and what Japan expects for it's economy.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Stocks Edge Higher With Key US Jobs Data on Radar 2) Banks Get Tough on Return-to-Office Laggards After Summer Break 3) Pelosi Says Chinese Leaders Lack ‘Shared Values’ With US See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Florida Starts to Recover as Idalia Soaks US South With Rain 2) UBS Smashes Banking Record as It Absorbs Credit Suisse 3) Musk Says X to Offer Video, Audio Calls in Move Toward Super-App See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Idalia Strengthens to Category 4 Hurricane Nearing Florida 2) Buffett’s Bet on Mild Florida Storm Season Faces Test in Idalia 3) Apple Sets Sept. 12 Date for Launch of iPhone 15, New Watches See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Florida Girds for Disaster With Storm Idalia Set for Fast Growth 2) Raimondo Says Trade Can Stabilize US-China Relationship 3) Citadel Vets 69,000 Intern Applicants to Find Next Math Geniuses See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) At Jackson Hole, Post-Inflation Challenges Vex Central Bankers 2) Investors Await Jobs Report 3) Raimondo Says US-China Stability Is ‘Profoundly Important,’  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Nathan Hager takes a look at some of the stories we'll be tracking for you in the coming week including a look ahead to the August jobs report. Plus, a reshuffle awaits the FTSE 100, Japan's economy rolls and Donald Trump's legal strategy See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Trump Surrenders in Atlanta on 2020 Election Probe Charges2) Powell Speaks at Jackson Hole3) Putin Probably Approved Prigozhin Killing, US, UK SaySee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast   1) Nvidia Soars Toward Record as AI Demand Fuels Blowout Forecast   2) Powell to Map Final Steps in Inflation Fight at Jackson Hole   3) Republicans Target Biden in Trump-Free Debate to Open 2024 Race See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) US Futures Gain as Investors Set Sights on Nvidia2) Goldman Pushes Staff to Spend Five Days in the Office3) Trump won't be at the GOP's first presidential debate.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) SoftBank’s Arm Files for Biggest IPO of Year2) S&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Climate3) Microsoft Pushes to Get Activision Deal Done With Fresh UK Offer See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.   On today's podcast:   1) California Braces for ‘Catastrophic’ Flooding From Hilary   2) All Eyes on Fed Chief Powell in Jackson Hole   3) Biden to Visit Hawaii in Stepped-Up Response to Disastrous Fires See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the Fed's annual meeting in Jackson Hole. Plus, London house prices, China eco data and a preview of the Republican 2024 primary debate.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) President Biden hosts heads of state from Japan and South Korea for a summit on global tensions 2) China's state-owned property developers warn of widespread losses as economic concerns weigh on markets 3) Goldman Sachs is hiring amid apparent pressure from the Federal Reserve See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fulton County District Attorney Fani Willis has proposed a March 4 trial date for Donald Trump 2) Hawaiian Electric Industries faces a new lawsuit blaming its equipment for starting the blazes 3) Fed Minutes fan concerns that the central bank will continue to raise interest rates See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) China Faces a Potential Fitch Downgrade amid Varying Economic Concerns 2) President Biden Promises to Visit Hawaii but Doesn't Set a Date 3) Tesla Cuts Prices in China for the Second Time This Week See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Fourth Indictment Lays Out Sweeping Georgia Election Plot 2) China Cuts Rate by Most Since 2020 as Economic Woes Deepen 3) Buffett’s Berkshire Cuts Activision, Unveils New Homebuilder Bet See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fresh Concerns over Chinese Economy 2) Zuckerberg Says He’s ‘Not Holding My Breath’ for Musk Cage Match 3) US Steel Surgers as It Spurns $7.25 Billion Cliffs Bid See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at the retail companies reporting earnings. Plus, inflation in focus in the UK and another possible indictment for former President Donald Trump. See omnystudio.com/listener for privacy information.

Bloomberg's Matt Miller and Simone Foxman discuss Attorney General Merrick Garland appointing a special counsel to oversee the ongoing criminal investigation into President Joe Biden’s son over his taxes, a major development after a controversial plea deal reached by Hunter Biden fell apart in court last month. They speak with Bloomberg Law host June Grasso, Bloomberg News political reporter Ryan Teague Beckwith and former Watergate prosecutor Nick Ackerman.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Maui Death Toll Climbs to 53 With Wildfire 80% Contained   2) Biden Calls China’s Economy ‘Ticking Time Bomb’ in New Barb   3) UBS Ends $10 Billion Loss Protection Deal With Swiss Government See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Disney Rises as Cost Cuts, Hollywood Strikes Save $3 Billion 2) Ecuador Assassination Prompts State of Emergency Ahead of Vote 3) Maui Wildfires Kill 36 as Hawaii Continues to Battle the Blaze See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Ohio Voters Reject Measure Seen as Test Over Abortion Rights 2) China Deflation Provides Limited Relief for Global Central Banks 3) ESPN Is Getting Into Sports Betting With Penn Entertainment See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Moody’s Cuts US Banks on Mounting Funding Costs, Office Exposure 2) Italian Banks Slump After Government Introduces Windfall Tax 3) Apple Tests New Mac Chip That Will Run Most Powerful Laptop Yet See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Benjamin Netanyahu weights in on the Judiciary and Geopolitics in an exclusive Interview 2) Americans weigh in on Former President Trump's post-election actions 3) Fed Officials Appear Divided on Rate Hikes See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a report on US consumer prices, insurance companies' strategies for dealing with unpredictable weather events, as we wait for earnings from some of the biggies, Alibaba gears up to report quarterly results amid the changing landscape for tech in China, and the connection between unions, strikes and presidential politics. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Amazon Jumps as Earnings Beat Prompts Target Hikes 2) Apple Faces Longest Sales Slowdown in Decades 3) Investors Await July Jobs Report See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Donald Trump heads to Washington for Arraignment over Jan. 6 2) Former Treasury Secretaries talk Fitch Downgrade and Debt Concerns 3) Big Earnings Coming from Big Tech Giants Apple and Amazon See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Indicted on Federal Charges in 2020 Election Probe 2) US Stripped of AAA Rating by Fitch 3) AMD Gains After Chipmaker Tops Estimates See omnystudio.com/listener for privacy information.

Bloomberg's Doug Krizner, Bryan Curtis, and Ed Baxter break down the latest federal charges against former President Donald Trump with Bloomberg Law host June Grasso and Political Contributor Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) A New Big Bull on Wall Street Sees S&P 500 at Record by Year-End 2) DeSantis-Allied PAC Tops Trump in Money Race 3) HSBC Plans New $2 Billion Buyback After Rate Rises Boost Profit  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Apple and Amazon Lead High-Tech Earnings 2) Euro Zone Returns to Growth While Core Inflation Remains Strong 3) Barbie’s $500 Million Week Smashes Box Office, Studio Records See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a look ahead at more big tech earnings, the Bank of England's next move to fight UK inflation, an update on the 2024 Presidential race, and this week's Aviation Day in Hong Kong.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) SEC Chair Gary Gensler discusses crypto and other regulatory initiatives 2) Former President Trump faces new obstruction charges in the classified documents criminal case 3) The BOJ's surprise hawkish tilt shakes global markets See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Meta Rises After Ad Sales Recovery Boosts Sales Forecast 2) Fed Raises Rates as Powell Keeps Options Open for Future Hikes 3) McConnell Freezes at News Conference, Raising Health Questions See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Alphabet Shares Gain on Revenue Beat From Google Search 2) Microsoft Posts Tepid Sales Growth as Cloud Business Slows 3) Fed to Hike to 22-Year Peak and Mull Options See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Twitter Turning Into X Is Set to Kill Billions in Brand Value 2) Microsoft Set to Report Earnings 3) China’s ‘Dovish’ Politburo Flags Rate Cuts, Property Easing See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Musk Says Twitter Will Change Logo to X 2) Barbie takes the Box Office Crown 3) Fed, ECB and BOJ Make Rate Decisions See omnystudio.com/listener for privacy information.

 Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the FOMC meeting, decision day for the Bank of Japan, an unusual story unfolding in the UK banking industry and what to expect on Hunter Biden. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Nasdaq Reshuffle Adds Twist to $2.4 Trillion Options Event 2) Elon Musk’s Wealth Slumps $20 Billion as Tesla Shares Tumble 3) FTC Pauses Microsoft Merger Trial, Allowing Settlement Talks See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Tesla Sinks as Musk Warns of More Blows to Profitability 2) Netflix Shares Fall After Sales and Forecast Come Up Short 3) Christie Calls Classified Documents Case Worst of Trump Charges See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Morgan Stanley CEO Says Trading Slump ‘Has Bottomed’ 2) Trump Trial Date in Documents Case Is Up in the Air for Now 3) Pound Falls as UK Inflation Cools See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Cathie Wood Talks Tech Stocks 2) Morgan Stanley & Bank of America Set to Report Earnings 3) US Banks Face Stiffer Mortgage Capital Rule Than Global Standard See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Yellen Eyes China De-Escalation, But Lifting Tariffs ‘Premature’ 2) DeSantis Resets 2024 Bid With Six Months Until Voting Starts 3) 60 Companies Set to Report Earnings See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Amy Morris takes a look at some of the stories we'll be tracking for you in the coming week including the fresh flood of bank earnings we're waiting for, plus the latest inflation print coming out of Japan, what Senate Democrats want to do to rein in potential excesses at the Supreme Court and the closely-watched elections in Spain. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Bank Earnings Kick Off2) Waller Says Fed May Need Two More Hikes to Contain Inflation3) Hollywood on StrikeSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Warren Tells Fed to Halt Rate Hikes 2) Disney Extends CEO Iger’s Contract Another Two Years to 2026 3) Raimondo’s Email Hacked in Breach Tied to China See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Zelenskiy Attacks NATO Resistance on Membership Bid 2) Pivotal CPI Report Ahead of Fed Decision 3) PGA-LIV Deal Memos Released by Senate Raise Flags See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Sweden Set to Join NATO 2) PGA-Saudi Golf Merger Under Scrutiny 3) Amazon Day May not Be Prime Event See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) S&P 500 Faces Further Losses as Profit Warnings Loom 2) Instagram's Thread Reportedly Reaches 100 Million Users 3) Biden Set to Discuss Ukraine With Sunak in UK See omnystudio.com/listener for privacy information.

After the Supreme Court threw out President Biden's plan to cut student loan debt, more than 40 million people are preparing to resume payments on their debt. And it's not just former students who could feel the pain. The broader economy could also take a hit. Bloomberg's Denise Pellegrini has details in this special report.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including bank earnings, US relations with NATO countries, the UK economy, and why we are watching China's economic data so closely right now. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) New Developments in Musk-Zuckerberg Battle 2) Stocks Slip as Markets Brace for More US Jobs Data 3) Yellen Says US-China Rivalry Not a ‘Winner-Take-All’ Situation See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Instagram Unveils a Direct Competitor to Twitter 2) New Jersey Governor Phil Murphy Lawyers Up to Fight Congestion Tax 3) Janet Yellen's Long-Awaited Trip to China is Underway See omnystudio.com/listener for privacy information.

Bloomberg's Nathan Hager spends the hour covering the biggest tech stories from 2023 and what we can expect for the rest of the year. He speaks with Gene Munster of Deepwater Asset Management and Dan Ives from Wedbush. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) We dig into China's PMI miss ahead of Janet Yellen's visit 2) A White House evacuation after cocaine is reported in the West Wing 3) Another grim climate change milestone is reached See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Americans are divided on the Supreme Court's affirmative action decision. 2) Tesla smashes sales expectations. 3) Apple reportedly struggles with production of its new headset.  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the coming jobs report, big annual economic in the south of France, closely-watched AI conference in Shanghai, and a look at what Fed officials are really thinking.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.     On today's podcast:  1) Supreme Court Rulings Under Scrutiny  2) Apple Eyes Historic $3 Trillion Valuation  3) Fed’s Bostic Says Leave Rates Alone See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Banks Pass Fed Stress Test With Mixed Outlook for Higher Payouts  2) Powell Says Likely Need Two or More Hikes to Cool Inflation  3) Micron Rises as Earnings Beat Forecasts See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Nvidia Drops on Report US Plans More AI Chip Curbs for China2) UBS Preparing to Cut More Than Half of Credit Suisse Workforce3) NY Skies Set to Darken Again With Smoke From Canada FiresSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Russia Drops Mutiny Case Against Prigozhin 2) Biden Says US Not Involved in Russia Insurrection 3) Trump Discusses ‘Secret’ Iran Plan in Leaked Recording From 2021 See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Oil, Stocks Steady After Russia Turmoil2) Musk Says SpaceX Starship Has Much Better Chance After Overhaul3) Morgan Stanley’s Wilson Says Stock Risks Have Rarely Been Higher See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including a look at big bank stress tests, a trip to Sintra, the Chinese economy and the 2024 Presidential race. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Titanic Sub Search Ends Tragically 2) Yellen Sees Lower Recession Risk 3) Citi Signals Consequences for Flouting Return to Office See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Titanic Sub Search Calls in Lifting Gear in Race Against Time 2) Powell Makes Case for Why Rates Must Rise 3) Exclusive Deutsche Bank CEO Interview See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Noises Detected in Search for Missing Titanic Submersible 2) Powell Set to Appear Before Congress 3) China Says Biden Calling Xi a Dictator Is ‘Provocation’ See omny.fm/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Blinken’s China Trip Yields Best Possible Result: More Talks 2) Powell Set to Appear Before Congress 3) Alibaba Management Shakeup See omny.fm/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell heads to Capitol Hill, plus, key hearings coming on Fed nominees, decision day coming for the Bank of England, and India's Prime Minister heads to Washington while Russia is front and center. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Global Stocks Head for Best Week Since March 2) Xi Tells Gates China Is Willing to Engage in Tech Cooperation 3) Adobe Rises on New AI Features See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Powell Dances Between Pause and Hikes 2) ECB Makes Rate Decision 3) Trump Retains Polling Lead After Indictment See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Urges Prosecutors to Drop Case 2) Fed to Pause and Keep Option to Hike in July 3) Shell Boosts Dividend and Pivots Back to Oil and Gas  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Heads to Court to Start Fighting Espionage Act Charges 2) May CPI Report This Morning 3) Oracle & Apple Hit Record Highs See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Trump Retains His Base With Risk of Political Violence in Focus 2) Fed & Inflation in Focus 3) UBS Completes Credit Suisse TakeoverSee omnystudio.com/listener for privacy information.

Get today’s top interviews from Bloomberg News on the NEW Bloomberg Talks podcast.  On Apple: apple.co/45Oio52     On Spotify: spoti.fi/3NdBTM7     On Stitcher: bit.ly/45MmtGW     Anywhere: bit.ly/3oODwaOSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including decisions from the Federal Reserve and the Bank of Japan, plus Treasury Secretary Janet Yellen heads to Capitol Hill, and, why tech is going to be in focus in Europe in the coming days.  See omnystudio.com/listener for privacy information.

Your morning briefing.  The news you need in just 15 minutes.     On today's podcast:   1) Former President Trump Charged Over Secret Documents   2) The Political Fallout3) Legal AnalysisSee omnystudio.com/listener for privacy information.

Bloomberg's Doug Krizner and Ed Baxter break down the news that Donald Trump has been indicted over his refusal to return classified documents found at his Florida home.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Wildfire Smoke to Last Few More Days 2) Trump Gets Target Letter in Documents Probe 3) Biden Vetoes Bill to Repeal Student-Debt Cancellation Plan See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) PGA Tour Bows to Saudi Rival in Deal With LIV Golf 2) Citi’s Fraser Visits China 3) Sunak Makes First White House Trip  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Apple’s Headset Will Test Marketing Might 2) Christie Set to Launch Presidential Bid 3) Dimon to Meet with House Democrats See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Oil Rises After Saudis Pledge Million-Barrel Cut 2) Morgan Stanley Sees a Profit Drop Ending Stock Rally 3) Apple Set to Unveil Mixed-Reality Headset See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a preview of Apple's WWDC, UK Prime Minister Rishi Sunak's trip to Washington, Japan's latest GDP and some new entries into the 2024 Presidential race. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Debt-Limit Deal Clears Congress 2) Stocks Gain Ahead of Key US Jobs Data 3) Jamie Dimon Plans Taiwan Visit After China Trip See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Debt-Limit Deal Wins House Passage 2) Harker Says Fed Should Skip Rate Hike 3) Musk’s Jet Departs After Whirlwind China Visit See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Dimon Says JPMorgan Will Be in China for Good and Bad Times 2) Debt-Limit Deal Heads to House Vote 3) Cathie Wood Says Software Stocks Are Next AI Bet  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden, McCarthy Work Lawmakers to Pass Deal 2) Musk’s Jet Lands in Beijing 3) Dimon Defies Rising Tensions With Return to China See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week, including a preview of the US May Jobs Report, a look inside to the Treasury Department's Payment Structure as Congress continues their debt ceiling standoff, what China's PMIs is telling us about China's economic recovery, and why ECB bankers are looking forward to the upcoming inflation data. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Debt Deal Takes Shape to Raise Limit 2) Wood’s ARKK Dumped Nvidia Before $560 Billion Surge 3) Fed Traders Fully Price in Rate Hike Again See omnystudio.com/listener for privacy information.

Today marks three years since the murder of George Floyd. It was a moment that led to one of the largest series of protests in US history. It also led to an uptick in corporate interest in diversity, equity and inclusion. Now three years later, Bloomberg's Justin Milliner takes a look at the state of DEI in corporations across the country.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) US Credit Rating at Risk on Debt-Limit Impasse 2) DeSantis Launches Presidential Run 3) Nvidia Surges on AI Demand See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Impasse in White House Debt Talks2) DeSantis to Launch Presidential Run3) Netflix Begins Telling US Customers to Stop Sharing AccountsSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Biden-McCarthy Debt Talk Ends With Optimism2) Yellen Says It’s Now ‘Highly Likely’ US Out of Cash Early June3) Saudi Energy Minister Tells Oil Speculators to ‘Watch Out’See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Biden-McCarthy Set to Meet on Debt-Limit2) Biden Says US-China Relations to Improve3) China Bars Purchases of Micron ChipsSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking for you in the next week including the coming Fed minutes, the official launch of Florida governor Ron DeSantis' campaign for the GOP presidential nomination, here comes Bloomberg's Qatar Economic Forum, and why we should be watching China's EV market very closely right now.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Biden Pushes Momentum in Debt Talks2) Ukraine Leader Zelenskiy to Visit Hiroshima G-7 in Person3) Disney-DeSantis FeudSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Debt-Limit Deadline Approaches2) Biden Arrives at G-7 in Japan3) TikTok Banned in First US State See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Debt-Limit Talks to Intensify2) Musk Says Tesla Will Dabble in Advertising3) UBS Sees $35 Billion Gain on Credit Suisse See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) 2nd Round of Debt Ceiling Talks2) Fed’s Bostic Favors Policy Pause3) Amgen’s Takeover of Horizon to Be ChallengedSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Biden and McCarthy to Resume Debt Ceiling Talks  2) Turkey Poised for Runoff Vote3) Newmont Seals $19 Billion Newcrest Deal  See omnystudio.com/listener for privacy information.

Jamie Dimon joins Bloomberg News to discuss the debt ceiling, the regional banking crisis and the US economy. The CEO of JPMorgan Chase speaks with Bloomberg's Francine Lacqua from the bank's Global Markets Conference in Paris. See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you next week including a preview of this week's retail earnings, China's eco data and the British chambers of commerce. See omnystudio.com/listener for privacy information.

US Treasury Secretary Janet Yellen sat down for an exclusive interview with Bloomberg News. She speaks with Bloomberg's Annmarie Hordern on the sidelines of a Group of Seven gathering of finance officials in Niigata, Japan.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Yellen Says Only Good Outcome Is Congress Raising Debt Ceiling 2) Title 42 Restrictions Expire 3) Musk to Name Female Twitter CEO See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Yellen Says Debt Default Would Hurt National Security 2) Some Border Restrictions Set to End 3) Disney Drops on Subscriber Loss See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden, McCarthy Vow More Debt-Limit Talks 2) George Santos Faces Criminal Charges 3) Trump Liable for Sex Abuse See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden, McCarthy to Meet Over Debt Drama 2) Powell Faces Lowest Public Confidence in Fed Boss on Record 3) UBS Management Reshuffle See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Yellen Says No Good Alternative to Congress Lifting Debt Cap 2) Biden Trails Trump in New Poll 3) PacWest Leads Rally in Regional Banks See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you next week including the coming US inflation data, what the Bank of England will do next, President Biden and the debt-ceiling showdown, and how AI is sweeping through Asia.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) PacWest Leads Regional Bank Stock Rebound 2) FDIC Plans to Hit Big Banks With Fees 3) Apple Rises as iPhone Sales ReboundSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) PacWest in Talks With Suitors as Shares Plunge 2) Powell Opens Door to June Pause 3) Apple Set to Report EarningsSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fed Ready to Raise Rates 2) Former Dallas Fed President Kaplan Urges Pause 3) US Regional Banks Come Under Pressure  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Yellen Warns Treasury May Run Out of Cash 2) Morgan Stanley Plans 3,000 More Job Cuts 3) Hollywood Writers Go On Strike See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.On today's podcast1) JPMorgan to Buy Failed Regional Bank First Republic2) Fed Meeting & Jobs Report This Week3) $6 Billion Takeover in Drug Industry See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including a preview of the Fed decision, a look at the coronation in the UK and election creep in the US is real. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) McCarthy Turns Up Debt Ceiling Temperature on Biden 2) Amazon Jolts Investors 3) First Republic Rescue Talks See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Speaker McCarthy's debt limit bill passes the House 2) Meta Surges on Earnings 3) First Republic may face limits on borrowing from the Fed See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Microsoft and Alphabet Rally 2) First Republic Mulls $100 Billion Asset Sales 3) McCarthy Pushes Ahead on Debt Bill Vote See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Biden Launches 2024 Reelection Bid 2) UBS & First Republic Earnings Disappoint 3) Fox Shares Plunge After Carlson Departs See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) McCarthy Says House Will Pass Debt-Limit Bill 2) Credit Suisse Big Outflows 3) Bed Bath & Beyond Bankruptcy See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including tech earnings, the debt ceiling debate, European bank earnings and tourism in Japan. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast1) U.S. to Unveil China Investment Curbs2) Biden Eyes a Reelection Announcement3) SpaceX Launch Aftermath See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) House Republicans unveil debt ceiling plan 2) Abortion Pill Update 3) Tesla Tumbles following Earnings See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fox Settles Dominion Defamation Case 2) Meta and Disney Job Cuts 3) House GOP Plans to Vote on Debt Ceiling See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Goldman Sachs & Bank of America Earnings 2) G-7 Vows Support for Ukraine 3) Musk Plans for Artificial Intelligence See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) China Tensions Highlight G-7 Meeting 2) Merck Makes Big Acquisition 3) Settlement Talks Heat up Between Fox and Dominion See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including an expected fresh flood of bank earnings, the UK economy, lawmakers return to Capitol Hill amid some fireworks, and Tesla’s coming earnings and its challenges in China.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Arrest in Leaked Documents Case 2) President Biden wraps up Ireland trip 3) Bank Earnings Preview See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fed on Track for Another Rate Hike 2) Wall Street awaits another reading on inflation 3) New Developments on Intelligence Leak See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Wall Street awaits key reading on inflation 2) President Biden is in Northern Ireland 3) U.S. investigates intelligence breach See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The latest on the Louisville Shooting 2) President Biden Heads to Northern Ireland 3) U.S. Deals with serious intelligence breach See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.On today's podcast: 1) This year's 20 percent rally in tech stocks may be short-lived...according to the latest Bloomberg MLIV Pulse Survey 2) Apple has seen personal computer shipments plunge in the first quarter 3) Jon Rahm has won his first Masters.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with John Tucker takes a look at some of the stories we'll be tracking for you in the coming week including the coming reports on inflation and also the Fed minutes, which European stocks deserve a close look right now, China's ambitious solar industry, and here come the annual IMF and World Bank meetings.  See omnystudio.com/listener for privacy information.

On this special edition of Bloomberg Daybreak, Nathan Hagar takes a look at the surprising production cut from OPEC+, the US debt ceiling debate, and the latest odds of a recession. Plus, a look at the luxury watch industry.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) US House Speaker Kevin McCarthy issues a warning on the debt ceiling. 2) Bank concerns continue after deposits shrink at another regional lender. 3) The Swiss government calls for bonus cuts at Credit Suisse.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Donald Trump pleads not guilty to 34 felonies and fires back in a primetime speech. 2) A top Federal Reserve official makes the case for interest rates above 5% for longer. 3) UBS addresses the challenges, and the timeline, for integrating with Credit Suisse. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Donald Trump prepares to be arraigned in Manhattan. 2) Credit Suisse holds its first shareholder meeting since the UBS takeover. 3) President Biden downplays surging oil prices after OPEC's production cut. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Oil surges as OPEC announces a surprise production cut.  2) UBS will reportedly cut 30 percent of its workforce after Credit Suisse takeover.  3) Donald Trump's lawyer says he will plead not guilty.  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including the March jobs report, President Biden's trip to Ireland, the changing of the guard at the Bank of Japan and the indictment of Donald Trump. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) For the first time ever, a former US president has been indicted. 2) Reaction pours in from both sides of the aisle in Washington. 3) Donald Trump could be arraigned on charges as early as Tuesday.  See omnystudio.com/listener for privacy information.

Donald Trump was indicted in New York for directing hush money payments to a porn star during his 2016 campaign, a historic event in American law and politics that is certain to divide an already polarized society and electorate. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Big banks may have to pay the price for recent bank failures. 2) A top name on Wall Street says the banking crisis is mostly solvable. 3) Russia detains a US journalist on alleged spying charges.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) UBS shares rally as the bank brings back Sergio Ermotti as CEO 2) A second day of bank earnings get underway on Capitol Hill 3) President Biden and House Speaker McCarthy exchange demands on the debt ceiling  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Another deadly school shooting leads to renewed calls for an assault weapon ban. 2) Tension eases in Israel as Prime Minister Benjamin Netanyahu looks for a compromise. 3) Hearings on Silicon Valley Bank begin on Capitol Hill.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) First Citizens buys Silicon Valley Bank 2) The Chairman of Saudi National Bank resigns after remarks to Bloomberg News 3) Twitter suffers a leak of its proprietary source code  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including economic data on US inflation and economic growth, why inflation will also be back in focus in Europe, coming hearings on Capitol Hill about the banking industry, and a look at what’s happening with China Evergrande.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.  On today's podcast:  1) Treasury Secretary Janet Yellen stands ready to protect banks.  2) The chorus grows louder for the Federal Reserve to cut rates this year.  3) Larry Summers, Dan Tarullo and Stephanie Flanders discuss the banking crisis.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Citigroup CEO Jane Fraser says recent bank failures were isolated 2) The Federal Reserve and the bond market disagree over future rate hikes 3) US stock futures rebound from yesterday's losses  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Global markets anxiously await today's Federal Reserve decision 2) New developments on a possible rescue of First Republic Bank 3) Shares of GameStop soar as the company posts its first profit in two years  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The U.S. Government looks for ways to guarantee all bank deposits 2) Pimco and Invesco emerge as losers from the takeover of Credit Suisse 3) Criminal charges could come for former President Trump as soon as today  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) UBS buys Credit Suisse for more than $3 billion 2) The move wipes out $17 billion of the riskiest bonds at Credit Suisse 3) Shares of UBS and Credit Suisse plunge See omnystudio.com/listener for privacy information.

This week...a special edition of the show. It's been an historic week in financial markets...marked by crisis in the banking industry. The meltdown of Silicon Valley Bank spread across the sector...touching Signature Bank, First Republic...and eventually Credit Suisse. It's a story that played out right here on Bloomberg...in exclusive interviews that moved shares of Credit Suisse throughout the week. On this show...we usually look forward. But today, we're looking back...covering the timeline of events that got us to where we are right now. Hosted by Tom BusbySee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Jamie Dimon and Janet Yellen give a lifeline to First Republic 2) Credit Suisse opposes a combination with UBS 3) Clients pull $8 billion out of Charles Schwab funds  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Credit Suisse surges after yesterday's massive selloff 2) First Republic Bank may put itself for sale 3) The turmoil threatens to impact today's ECB decision  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The Federal Reserve weighs tougher rules for smaller banks 2) TikTok considers splitting from ByteDance 3) Bank of America rakes in more than $15 Billion in Deposits  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Global financial stocks lose $465 billion following the collapse of Silicon Valley Bank 2) Treasury Yields come off their deepest three-day plunge in 35 years 3) Investors now await the latest reading on inflation, with this morning's CPI report  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The government backstops the financial system after the collapse of Silicon Valley Bank 2) President Biden says those behind the failure will be held responsible 3) Markets dial back rate-hike bets in the wake of the fallout  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we’ll be tracking for you in the coming week including a look at upcoming economic data, The UK Chancellor’s budget proposal, the first Republican primary in the US, and Foxconn’s bigger move into India.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.On today's podcast: (1) Silicon Valley Bank's cash crunch sends financial stocks across the globe into a tailspin. (2) The UK economy grew far more strongly than forecast in January. (3) Rishi Sunak heads to Paris to meet Emmanuel Macron, as Franco-British relations improve.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) President Biden targets the wealthy in his budget proposal 2) Senate Minority Leader Mitch McConnell is hospitalized 3) More trouble for Credit Suisse, as the bank delays its annual report  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The White House endorses a bill that could ban TikTok 2) President Biden targets one of the biggest peacetime defense budgets ever 3) Citadel CEO Ken Griffin backs Ron DeSantis for president See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Thousands of job cuts are on the way at Meta 2) China calls the US approach to Beijing a 'reckless gamble' 3) A push to ban TikTok could be introduced in the Senate today  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The US considers banning investments in parts of China, including TikTok 2) Former Maryland Governor Larry Hogan drops out of the presidential race 3) Credit Suisse loses support from one of its biggest backers  See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including Fed Chair Jay Powell's Capitol Hill testimony and the Friday jobs report, relations between the UK and France, President Biden's coming budget, and China's leader Xi moves to consolidate power even further.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Stocks Set for Weekly Gain 2) Citigroup Cutting Jobs 3) Biden to Meet German Chancellor See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Tesla shares drop as Elon Musk's investor meeting disappoints 2) Credit Suisse escalates efforts to win back clients 3) Another crypto firm plunges over doubts on its future See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) The FBI is the latest to say Covid-19 likely came from a Chinese lab 2) Goldman Sachs' investor day fails to impress Wall Street 3) China's economy rebounds as the 'Covid Zero' era endsSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Goldman Sachs holds a key investor day after a forgettable year 2) The Supreme Court weighs in on student debt relief 3) Zoom shares surge after profits top estimates See omnystudio.com/listener for privacy information.

A report in the Wall Street Journal says the Energy Department has shifted its view on the origins of Covid-19. It now sees a leak from a lab in Wuhan as the most likely source of the outbreak.  For insights, we speak to Andy Pekosz, professor of molecular biology and immunology at the Johns Hopkins Bloomberg School of Public Health.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) A new report says a lab leak in China most likely caused the Covid-19 pandemic 2) Goldman Sachs holds a key investor meeting 3) Stocks start the day coming off their worst week since December See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the expected parade of quarterly reports from the retail industry, female fund managers in the UK, German Chancellor Olaf Scholz' planned visit to the White House, and the sudden jump in Asian travel as China reopens. See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) We're on the ground in Kyiv to mark one year of war 2) China proposes a cease-fire in Ukraine that's quickly rejected 3) Treasury Secretary Janet Yellen says a soft landing is still possible for the US economy See omnystudio.com/listener for privacy information.

There are fewer than 200 women fund managers in the UK but 60 more will receive training each year. Can this change the industry? That's the plan from investing veteran Helena Morrissey. Bloomberg's Caroline Hepker brings us more in this special report.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Fed Inclined Toward More Rate Hikes 2) Nvidia Jumps on Sales Forecast 3) Push for gender parity in Financial IndustrySee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Stocks Coming off Worst Day of Year2) Investors Await Fed Minutes3) President Biden wraps up Eastern Europe trip  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) President Biden speaks in Poland after his surprise visit to Ukraine.2) Credit Suisse faces questions about remarks in a Bloomberg interview3) Results are in from a major four-day work week trialSee omnystudio.com/listener for privacy information.

This is your Bloomberg Daybreak podcast for the President's Day holiday. U.S. Markets are closed today. In this episode, we look at the hot start for US equities with Lori Calvasina, head of US equity strategy at RBC Capital Markets. Tiffany Wilding, chief US economist at PIMCO stops by to talk Federal Reserve policy. Plus, we look ahead to Walmart and Home Depot earnings with Bloomberg Intelligence Senior Analyst Jennifer Bartashus.See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking for you in the coming week including the Fed minutes, the energy problems sparked by Russia's war in Ukraine, President Biden's planned trip to Poland, and what next for the Bank of Japan.  See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes.   On today's podcast:   1) Hawkish comments from Federal Reserve officials send stocks lower  2) President Biden looks to discuss the balloon incident with China  3) Americans rack up nearly $1 trillion in credit card debt See omnystudio.com/listener for privacy information.

Your morning briefing.  The news you need in just 15 minutes.  On today's podcast:  1) We talk to Airbnb CEO Brian Chesky on a record earnings report  2) Standard Chartered and Commerzbank rise on solid results  3) Cisco shares surge after an upbeat forecast  See omnystudio.com/listener for privacy information.

Your morning briefing.  The news you need in just 15 minutes.  On today's podcast:  1) Inflation in the UK slows more than expected  2) Shares of Barclays slump as earnings disappoint  3) Elon Musk reportedly tweaks the algorithm to boost his own tweetsSee omnystudio.com/listener for privacy information.

 Your morning briefing.  The news you need in just 15 minutes.  On today's podcast:  1) Wall Street braces for the latest reading on inflation  2) President Biden to name Lael Brainard as his top economic adviser  3) More job cuts come to Ford Motor See omnystudio.com/listener for privacy information.

Your morning briefing.  The news you need in just 15 minutes.  On today's podcast:  1) The US military shoots down a 4th object in the skies  2) The death toll approaches 35,00 in Turkey and Syria  3) Wall Street braces for a key inflation report See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) The UK narrowly avoids a recession2) Shares of Lyft shares plunge 3) Yahoo slashes jobsSee omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Disney shares surge on earnings and job cuts2) Credit Suisse shares tumble as investors pull cash3) Fed Officials come out in droves for more rate hikes See omnystudio.com/listener for privacy information.

In this bonus episode, Federal Reserve Chair Jay Powell speaks with David Rubenstein, in a conversation at the Economic Club of Washington on February 7, 2023.See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) President Biden touts economic progress 2) Jay Powell doubles down on more rate hikes 3) Credit Suisse will pay bonuses in installments See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast:1) Jay Powell reacts to Friday's jobs report2) Big oil produces more big earnings3) President Biden targets tax increases in his State of the Union address See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Repercussions from China's suspected spy balloon 2) The IMF issues a warning on US debt 3) More job cuts in the technology sector See omnystudio.com/listener for privacy information.

Your morning briefing. The news you need in just 15 minutes. On today's podcast: 1) Apple, Amazon and Alphabet fall short 2) A $12 billion day for Mark Zuckerberg 3) A big promise from a prominent tech investor See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3M See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3M See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3MSee omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3M See omnystudio.com/listener for privacy information.

Listen to today's top stories, with context, in just 15 minutes. Subscribe and rate our podcast here:Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak/id1663860720Spotify: https://open.spotify.com/show/0DPsJjKQajOKKw35Hme5afGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvZTczYzk5OGUtNmU2MC00MzJmLTg2MTAtYWUyMTAxNDBjNWIxL2QxNTY0OGM0LWNlZTAtNGU5OS1hNWNhLWFmODAwMTRkOTIxZC82NWNlMjk1NC1kOGE4LTRjNjYtOWY0Mi1hZjgwMDE0ZDkyM2UvcG9kY2FzdC5yc3M See omnystudio.com/listener for privacy information.

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Bloomberg Daybreak with Karen Moskow and Nathan Hager.GUESTS:Gregory R Valliere "Greg"Chief US Policy StrategistAGF Investments Inc on McCarthyJason M ThomasMng Dir/Head:ResearchCarlyle Investment Management LLCon the economy and recession outlook.Drew MatusChief Market StrategistMetLife Investment Managementon JobsSee omnystudio.com/listener for privacy information.

As economic growth slows, investing in Latino-owned businesses is gaining some interest. Latinos make up the fastest-growing demographic of US entrepreneurs, but Latino-owned businesses have historically seen underinvestment. Now, Bloomberg's Lisa Mateo reports that may be changing.Reporter: Lisa MateoProducer: Sebastian EscobarSee omnystudio.com/listener for privacy information.

Bloomberg Daybreak with Karen Moskow and Nathan Hager.GUESTS:Dr Julie NormanLecturer:Politics & International RelationsUniversity College Londonon McCarthyJack FitzpatrickDC ReporterBloomberg Industry Groupon the latest Washington headlines.See omnystudio.com/listener for privacy information.