Bloomberg Daybreak: US Edition

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 it

On today's podcast: 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

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) The first truce since the war between Israel and Hamas erupted last month went into effect on Friday morning. The deal came after weeks of complex and delicate talks brokered by Qatar, the US and Egypt. The halt in fighting in Gaza is intended to last for four days. Hamas, an Iran-backed militant group, is meant to return 50 of the almost 240 hostages it captured from Israel, while the Israelis will release 150 jailed Palestinians and allow more aid into Gaza. 2) The Canadian mayor of Niagara Falls, Jim Diodati, said the Rainbow Bridge is expected to reopen in a day or two, after a car explosion that killed two people shuttered the busy crossing between the US and Canada. 3) Barclays Plc is working on plans to reduce costs by as much as $1.3 billion over several years, which could involve slashing as many as 2,000 jobs, according to Reuters. Full transcript:|Good morning. I'm Nathan Hager and I'm John Tucker. Here are these stories we're following today. The first group of Israeli hostages is expected to leave the Gaza Strip soon in a deal that's meant to return fifty of the nearly two hundred and forty captives that Hamas took from Israel. Israel plans to release one hundred and fifty jailed Palestinians. All involved are women and people under the age of nineteen. This stop in fighting is intended to last for four days. It marks the first major lull in this war since it began October seventh. Israeli Prime Minister Benjamin Netanyah, who says the military offensive will go on after that. We hope to get this first tronch out and then we're committed to getting everyone out, but we'll continue with our fore aims namly to eradicate Kamas, because Kamas has already promised that they will do this again and again and again. Israeli Prime Minister Benjamin Netanyah, who says he has delivered that same message in a phone call to President Biden. We had along with a hostage release, the deal will also allow for more AID into Gaza. Bloomberg's owner Aunt says the humanitarian aid is critical for the people at Gaza. The very first trucks that went in we're carrying cooking gas, which obviously is very critical for more than two million people are currently living in Gaza in what the UN calls a dire humanitarian situation. Bloomberg's owner Aunt reports Palestinians were emerging from temporary shelters and crowded the streets as southern Gaza as the AID trucks entered. Back in the US, we want to bring you update from the events that unfolded on the Rainbow Bridge at Niagara Falls this week. New York Governor Kathy Hochel says that bridge is back open after a car explosion on Wednesday killed two people and closed that crossing between the US and Canada. Hockel says there is no sign of terrorism so far. She adds a suspect of ties to Western New York has been identified. Investigation will determine if the blast was intentional or an accident. The holiday shopping season kicks into full swing today, with shoppers searching for Black Friday and Cyber Monday deals. Deloitte Saniel Thanksgiving survey. He finds consumers plan on spending and average almost five hundred and seventy dollars on both days. That's up thirteen percent from last year. And Bert Flickinger managed Rector with Strategic Resource Groups. As shoppers are feeling confident, however, they're using a new tool this shopping season. It's going to be by now, pay later. Fifteen percent of all purchases will be that way, and consumers are still taking on credit card debt, but sixty three percent of consumers will be buying with debit card and trying to put less on credit as interest rates have climbed and the average household has seventeen thousand and revolving unpaid credit card debt. Bert Flickinger with Strategic Resource Groups. As many consumers plan to do much of the shopping during Black Friday and Cyber Monday in order with their spending limits, traders are going to be following the traditional kickoff of the holiday shopping season today as well as SMP Global Manufacturing PMI data that comes after the Eco data dump we saw on Wednesday. It showed a drop in jobless claims and expectations that inflation will climb from the University of Michigan sentiment poll. The bond market is open till two pm Wall Street time today, and the New York Stock Exchange and the Nasdaq close at one and we're also following financial news in Europe this morning. Starting in the banking sector, Barkley's aiming to reduce costs by as much as one point three billion dollars over the next several years and could cut up to two thousand back office jobs that's about two percent of its workforce. This according to a report from Reuter's. Bloomberg's Jenny Serdaine says investors are looking for a renewed strategy after a disappointing third quarter. I think a lot of this is driven by investors just really being unhappy with how this company has been run. And so you've got you know, vin Kata Krishnan, their CEO, who's really looking at trying to take

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. 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 the controversy surrounding open Ai. A day after the founder, Sam Altman left for Microsoft, the firm says it is in quote intense discussions to unify the company. In an internal memo reviewed by Bloomberg News, Vice president of Global Affairs, Anna Macanju says open Ai management is also in touch with Aldman. In an interview with Bloomberg News, Microsoft CEO Satia Nadella signaled he would be open to Aldman going back to open ai. We really want to partner with open ai, and we want to partner with Sam. And so you respect to where Sam is. He's working with Microsoft, and that is the case on Friday, and that'll be that's the case today, and we will I absolutely believe that'll be the case tomorrow. Microsoft CEO Satia Nadella says, no matter what happens, open ai needs governance changes. Microsoft shares closed at a record high yesterday. Nearly all of open AI's employees threatened to quit and follow Altman to Microsoft unless the current board resign. Gene Munster managing partner at deep Water Asset Management thinks Altman will land back at open AI. The board's going to be gone. So when if Altman goes back, by the way, that is my prediction what happens here. I think he's actually going to return to open AI. If he goes back to open AI, they're going to be more aggressive at opening these models up. And if he stays with Microsoft, they're going to be more aggressive. And I think at the end of the day, you're probably going to see faster adoption of AI features. It's been coming at a neck break speed, but I think it's going to be even faster based on everything that's happened here. This is really allowing Altman to take his gloves off and probably do what he's wanted to do for the last eight years, and that's deep Water Asset Management's Gene Munster speaking to Bloomberg. Now, let's get to the latest from the Middle East. The leader of Hamas Ismail Hania says his group is close to reaching a truce agreement with Israel through talks mediated by contract President Biden has said both sides are near a deal to free some of the two hundred and forty hostages Hamas seized in the October seventh attack. White House National Security spokesman John Kirby says there would need to be a pause in the fighting if you're going to secure the release of hostages, and we certainly hope we're going to be able to do that soon. You got to make sure they can get from where they are to safety and do that as safely as possible, which means you're going to have to have at least a temporary, localized stop in the fighting. White House spokesman John Kirby says it's been difficult getting information on the hostages because Hamas has control of that access. Meantime, Israeli forces continue to engage in heavy fighting in the Northern Gaza Strip. Israel's taking control of much of the Alshifa Hospital, which it says Hamas used as a command and control center. Well Nathan, the White House is open accounts on Meta's social media platform as threads for the President and Vice President, and Bloomberg said Baxter has the details. The White House says it's just another way to meet people where they are. It says it's been using different forms of media since the beginning of the administration, and this has been in motion for several weeks now, but the timing does come in the wake of Elon Musk's endorsement of antisemitic content, and according to sources, the White House is not considering ending its use of ex accounts because of that, although they do say the Musk post angered Biden and his aides Ed Baxter Bloomberg Radio OK, thank you. A new front's opening in the US China chip conflict. President Biden is shifting focus to an emerging area of the contest for technological supremacy, the process of packaging semiconductors that has increasingly seen as a path to achieving higher performance. The US isn't alone though, in recognizing the potential of so called advanced packaging. China too is capitalizing on an area that is not subject to sanctions, capturing global market share and achieving progress that it was denied in man

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 Argentin

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 Darpucha

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 s

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 t

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

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 Con

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 als

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 Trum

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 yiel

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

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

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

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

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 overs

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 t

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

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 Vori

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.