Hezbollah Fires Missile at Tel Aviv; Buffett Unloads More Stock

Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan 0:00:10.840 --> 0:00:13.800 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.840 --> 0:00:14.640 following today. 0:00:14.800 --> 0:00:17.320 Karen, we begin in the Middle East, where intense fighting 0:00:17.400 --> 0:00:21.159 continues between Israel and Hezbolah. Israel is carrying out a 0:00:21.200 --> 0:00:23.959 third day of air strikes in southern Lebanon and the 0:00:24.000 --> 0:00:27.520 northeastern Bikaw Valley. Now, for the first time, Israel says 0:00:27.560 --> 0:00:30.720 it has intercepted a Hezbola missile aimed at Tel Aviv. 0:00:31.040 --> 0:00:33.680 Bloomberg's Dan Williams has more from Jerusalem. 0:00:33.960 --> 0:00:37.280 This will certainly be viewed by Israel potentially as the 0:00:37.360 --> 0:00:42.240 red line that could draw further escalation, potentially intensified Israeli 0:00:42.240 --> 0:00:46.159 attacks in or around Beirut itself. What we know for 0:00:46.200 --> 0:00:48.839 now it was a surface to surface missile that was 0:00:48.920 --> 0:00:52.560 intercepted in Israel. But Israel has a very sophisticated early 0:00:52.560 --> 0:00:55.520 alert system which set off sirens in Tel Aviv and 0:00:55.560 --> 0:00:58.279 a city north of Tel Aviv, indicating that was the 0:00:58.280 --> 0:00:59.200 intended target. 0:00:59.360 --> 0:01:01.640 And for now bloom for ex Dan Williams reports Israel's 0:01:01.640 --> 0:01:04.680 focused on pushing Hesbala fighters away from the border, so 0:01:04.760 --> 0:01:08.280 tens of thousands of Israelis can return to their homes. Still, 0:01:08.360 --> 0:01:11.640 Israeli officials say they are prepared to move soldiers into 0:01:11.680 --> 0:01:13.720 Lebanon if they think it's necessary. 0:01:14.200 --> 0:01:16.960 Well, Nathan, the geopolitical tensions around the world. They are 0:01:16.959 --> 0:01:19.960 a major theme as the meeting of world leaders resumes 0:01:19.959 --> 0:01:22.200 at the UN General Assembly in New York, and we 0:01:22.240 --> 0:01:24.040 get more from Bloomberg's David Gura. 0:01:24.560 --> 0:01:27.000 This week, some two hundred world leaders will speak at 0:01:27.040 --> 0:01:30.160 the United Nations headquarters in New York, including Ukraine's President 0:01:30.240 --> 0:01:34.320 Vladimir Lensky, the scheduled to address the UN today. Zelenski 0:01:34.360 --> 0:01:37.360 will then travel to Washington for meetings with President Biden 0:01:37.400 --> 0:01:41.200 and Vice President Harris on Thursday, and his remarks, Biden 0:01:41.319 --> 0:01:45.280 called for more cooperation among nations and acknowledged the challenges 0:01:45.319 --> 0:01:47.560 as he put it, in Ukraine and the Middle East. 0:01:48.080 --> 0:01:51.400 Israel's Prime Minister Benjamin Netanyahu is expected to address the 0:01:51.480 --> 0:01:55.040 UN on Friday, although he postponed his trip after the 0:01:55.040 --> 0:01:58.440 start of Israel's new military campaign against Hesbola in Lebanon. 0:01:58.840 --> 0:02:02.160 In New York, David Gura Bloomberg Radio David thanks now 0:02:02.200 --> 0:02:04.720 to the latest on the presidential race. The Trump campaign 0:02:04.720 --> 0:02:07.320 says it has been briefed on quote real and specific 0:02:07.440 --> 0:02:11.359 threats by Iran to assassinate the former president. A campaign 0:02:11.360 --> 0:02:14.639 spokesman says a representative from the Director of National Intelligence 0:02:14.680 --> 0:02:17.680 told Trump about the plot. The former president didn't mention 0:02:17.720 --> 0:02:20.480 it in his latest campaign stump speech. He's talking about 0:02:20.520 --> 0:02:24.560 cutting corporate taxes and threatening tariffs to bring foreign companies 0:02:24.680 --> 0:02:26.400 and their jobs to the US. 0:02:26.760 --> 0:02:30.080 We want American citizens, and we want their plants built here, 0:02:30.520 --> 0:02:33.399 not two feet over the border and selling them into 0:02:33.440 --> 0:02:34.040 our country. 0:02:34.040 --> 0:02:34.840 We're not doing that. 0:02:35.080 --> 0:02:38.000 Former President Trump spoke there in Savannah, Georgia yesterday. Now, 0:02:38.040 --> 0:02:40.680 there's no indication that Iran's efforts are linked to the 0:02:40.680 --> 0:02:44.000 two recent attempts on the former president's life. Ryan Ruth, 0:02:44.040 --> 0:02:47.280 the suspect in this month's incident at Trump's Florida golf course, 0:02:47.520 --> 0:02:51.919 was charged yesterday with attempted assassination of a major presidential candidate. 0:02:52.400 --> 0:02:56.399 Meanwhile, Nathan Trump's opponent, Kamala Harris, will be in Pittsburgh today. 0:02:56.480 --> 0:02:59.000 During his speech, she will outline her economic vision and 0:02:59.040 --> 0:03:03.640 new initiatives to bolster domestic manufacturing services. Say Harris's address 0:03:03.639 --> 0:03:06.760 will emphasize her willingness to work with business leaders to 0:03:06.800 --> 0:03:10.000 grow the overall economy while also stressing the importance of 0:03:10.040 --> 0:03:12.160 protecting workers' wages and benefits. 0:03:12.440 --> 0:03:15.400 Meanwhile, Karen back in Washington, House members plan to pass 0:03:15.440 --> 0:03:19.799 a stopgap funding bill today, avoiding an October first government shutdown. 0:03:20.080 --> 0:03:23.120 Bloomberg's Amy Morris has the latest from the nation's capital. 0:03:23.480 --> 0:03:26.280 Lawmakers say they'll pass the measure even if they need 0:03:26.280 --> 0:03:29.040 a two third super majority to do it, because the 0:03:29.080 --> 0:03:32.360 House skipped a procedural step in this process on Monday. 0:03:32.560 --> 0:03:34.880 The vote will require two thirds of the House to 0:03:34.920 --> 0:03:37.040 support it, and they do expect it to pass. It 0:03:37.120 --> 0:03:41.240 is bipartisan, but there's still time for complaints from hardline conservatives, 0:03:41.480 --> 0:03:44.400 and that could complicate Speaker Mike Johnson's path to a 0:03:44.440 --> 0:03:47.720 full compromise funding bill in the lame duck session. Now, 0:03:47.720 --> 0:03:50.880 with a House vote today, they're aiming for speedy Senate 0:03:50.880 --> 0:03:54.520 approval by next week, and the continuing resolution funds the 0:03:54.560 --> 0:03:58.480 government through December twentieth, so that means another spending showdown 0:03:58.600 --> 0:04:02.840 just days before Christmas. In Washington, Amy Morris Bloomberg Radio, All. 0:04:02.800 --> 0:04:04.800 Right, Amy, thanks, We'll be turned to the markets now 0:04:04.800 --> 0:04:07.640 and stalks begin a day in record territory. In fact, 0:04:07.640 --> 0:04:10.000 the S and P five hundred registered its forty first 0:04:10.120 --> 0:04:13.520 record close of the year yesterday. In company news this morning, 0:04:13.600 --> 0:04:17.039 Berkshire Hathaway owns fewer shares of Bank of America, and 0:04:17.080 --> 0:04:19.279 we get more on that from Bloomberg's Doug Prisner. 0:04:19.440 --> 0:04:22.480 Berkshire Hathaway sold an additional eight hundred and sixty three 0:04:22.560 --> 0:04:26.120 million dollars worth of BNA stock on Tuesday. It brings 0:04:26.120 --> 0:04:30.200 Berkshire stay closer to a ten percent regulatory threshold. After 0:04:30.240 --> 0:04:33.840 selling BNA shares over the three trading days through Tuesday, 0:04:34.200 --> 0:04:36.719 Berkshire now owns ten and a half percent of the 0:04:36.760 --> 0:04:39.920 second largest US bank, and as long as Berkshire remains 0:04:39.960 --> 0:04:43.760 above that ten percent threshold, it must disclosed trades within 0:04:43.800 --> 0:04:47.200 a few days. Berkshire's remaining stake in Bank of America 0:04:47.360 --> 0:04:50.200 is now worth thirty two point one billion dollars based 0:04:50.240 --> 0:04:54.400 on Tuesday's closing price, preserving its position as the largest 0:04:54.440 --> 0:04:57.960 shareholder in New York. I'm Doug Prisoner Bloomberg Radio, Doug. 0:04:57.839 --> 0:04:58.280 Thank you. 0:04:58.440 --> 0:05:01.080 Boeing has heard back from its ranking workers about its 0:05:01.160 --> 0:05:04.559 latest offer. In Bloomberg's John Tucker's following this story, John 0:05:04.640 --> 0:05:06.880 sounds like. The answer was a resounding no. 0:05:07.279 --> 0:05:10.240 Yeah, Nathan. The Machinist and Aerospace Workers Union instead of 0:05:10.240 --> 0:05:15.200 survey of members was overwhelmingly clear they're not interested, calling 0:05:15.240 --> 0:05:20.040 it inadequate and even disrespectful. The company infuriated the union 0:05:20.080 --> 0:05:21.840 by and trying to do an end run and take 0:05:21.880 --> 0:05:25.760 an offer of a thirty percent payhike directly to the workers. Well, 0:05:25.800 --> 0:05:28.239 Boeing is trying to ratchet down the tension just a little. 0:05:28.279 --> 0:05:30.919 They backed off of Friday night deadline for workers to 0:05:30.960 --> 0:05:34.640 approve a new pact. A Boeing, meantime, has a new headache. 0:05:34.760 --> 0:05:38.839 A congressional panel investigating Boeing safety culture has released an 0:05:38.839 --> 0:05:43.320 internal company survey that found many factory workers felt pressure 0:05:43.400 --> 0:05:47.520 to prioritize speed over quality, even months after that midair 0:05:47.560 --> 0:05:50.120 blowout on one of the company's jets in New York 0:05:50.160 --> 0:05:51.919 homes John Tucker, Bloomberg. 0:05:51.560 --> 0:05:54.240 Radio, All right, John, thank you well. In legal news, 0:05:54.320 --> 0:05:57.279 Caroline Ellison has been sentenced to twenty four months in 0:05:57.360 --> 0:06:01.120 prison for her role in the FTX collapse, helping prosecutors 0:06:01.120 --> 0:06:03.920 in the conviction of Sam Bankman, freed her former boss 0:06:03.920 --> 0:06:07.160 and boyfriend. Bloomberg Radio law host JOm Grosso has more 0:06:07.200 --> 0:06:08.040 on the sentencing. 0:06:08.360 --> 0:06:11.640 Now, Sam bekman Free got twenty five years, so compared 0:06:11.680 --> 0:06:14.240 to that she only got two years, it seems I 0:06:14.279 --> 0:06:17.680 would consider it pretty lenient, although there was a possibility 0:06:17.720 --> 0:06:19.800 that she would get no time. 0:06:20.320 --> 0:06:23.920 Bloomberg's Judne Grosso says, like bankmin freed, Ellison was ordered 0:06:23.920 --> 0:06:27.560 to forfeit eleven billion dollars as proceeds of the crime, Karen. 0:06:27.600 --> 0:06:31.359 The US officials are investigating whether German software developer SAP, 0:06:31.680 --> 0:06:37.000 product reseller Carosoft Technology, and other companies conspired to overcharge 0:06:37.040 --> 0:06:40.400 government agencies for the course of a decade. According to 0:06:40.440 --> 0:06:43.080 federal court records, Justice Department lawyers have been looking at 0:06:43.120 --> 0:06:47.520 whether SAP illegally conspired with Kearrosoft to fix prices on 0:06:47.600 --> 0:06:50.000 sales to the US military and other parts of the government. 0:06:50.279 --> 0:06:54.080 SAP makes accounting, human resources, supply chain and other business 0:06:54.080 --> 0:06:59.160 software used around the globe. Shares are down four percent overseas. 0:07:02.360 --> 0:07:03.800 Beys time now for a look at some of the 0:07:03.800 --> 0:07:06.400 other stories making news in New York and around the world, 0:07:06.480 --> 0:07:08.480 and for that we're joined by Bloomberg's Michael Barr. 0:07:08.520 --> 0:07:12.320 Michael, good morning, Good morning, Karen. Tropical Storm Alene strengthens 0:07:12.400 --> 0:07:17.160 as hurricane mornings cover parts of Florida and Mexico. Bloomberg 0:07:17.200 --> 0:07:18.960 mediarologist Rob Carolyn as. 0:07:18.800 --> 0:07:22.120 The latest Helene continues to strengthen in the northwestern Caribbean, 0:07:22.120 --> 0:07:24.240 and it's going to pass very close to the Yucatan 0:07:24.360 --> 0:07:26.040 this morning, and then as it works between it's the 0:07:26.040 --> 0:07:29.200 eastern Gulf of Mexico, will become a rather strong hurricane 0:07:29.200 --> 0:07:31.640 and a large hurricane. We think it's going to be 0:07:31.680 --> 0:07:34.000 making landfall somewhere in the Big Bend area of Florida 0:07:34.080 --> 0:07:36.640 Thursday as a storm with winds of over one hundred 0:07:36.680 --> 0:07:39.720 miles an hour and a very significant storm surge. Since 0:07:39.720 --> 0:07:42.200 it'll have such a large circulation, its impact that we 0:07:42.240 --> 0:07:44.280 felt over much of the Florida Pillian It's like even 0:07:44.320 --> 0:07:47.000 the Florida Panhandle, and then up into the southeastern United 0:07:47.000 --> 0:07:49.560 States where we could see quite a bit of flooding tomorrow. 0:07:49.760 --> 0:07:51.640 I'm Rob Carolyn, Bloomberg Radio. 0:07:52.600 --> 0:07:55.760 Rob. Thank you very much. Helen comes after tropical storm 0:07:55.880 --> 0:08:00.920 John slam Mexico's Pacific coast late Monday, leaving two pa dead. 0:08:01.240 --> 0:08:04.600 A twelfth lawsuit has been filed against Sean Diddy Combs 0:08:04.600 --> 0:08:07.400 by a woman claiming he raped her in New York 0:08:07.480 --> 0:08:10.840 decades ago. With Combs in jail in New York facing 0:08:10.840 --> 0:08:14.720 criminal charges, Dally of Graves is now suing him. She 0:08:14.840 --> 0:08:18.000 says when she was twenty five years old, she was 0:08:18.040 --> 0:08:21.440 summoned to a meeting with Combs. She alleges that he 0:08:21.680 --> 0:08:24.640 raped her after she was slammed face down on a 0:08:24.640 --> 0:08:26.240 pool table by another man. 0:08:26.640 --> 0:08:31.280 He so has had last new fix on my body, 0:08:32.440 --> 0:08:34.480 causing ongoing. 0:08:34.760 --> 0:08:39.199 Problems, Graves claims. Over twenty years later, Combs as a 0:08:39.320 --> 0:08:43.160 video he has shown other people of her assault. President 0:08:43.240 --> 0:08:47.120 Joe Biden delivered remarks on climate at the Bloomberg Global 0:08:47.280 --> 0:08:51.080 Business Forum in New York City. Biden says America is 0:08:51.160 --> 0:08:55.199 positioned to lead other countries on climate change and criticized 0:08:55.240 --> 0:08:56.840 Donald Trump on this issue. 0:08:57.200 --> 0:09:00.560 All this historic climate changes in stark contrast my predecess. 0:09:01.679 --> 0:09:05.640 He says, he'd be repealed the Inflation Reduction Act. He 0:09:05.800 --> 0:09:09.800 let our factory shut down. He moved the world backwards. 0:09:10.200 --> 0:09:13.240 His denial of climate change condemns our future generations to 0:09:13.280 --> 0:09:14.480 a more dangerous world. 0:09:14.960 --> 0:09:18.400 President Biden also says the US is making major progress 0:09:18.440 --> 0:09:22.680 in bringing back technology manufacturing from China. Finally, a black 0:09:22.840 --> 0:09:26.679 combat medic who treated two hundred troops during the invasion 0:09:26.720 --> 0:09:29.480 of Normandy during World War Two. Is being honored with 0:09:29.600 --> 0:09:33.120 the Army's second highest award. The family of Waverley Woodson 0:09:33.240 --> 0:09:36.920 Junior gathered yesterday in Washington. See Woodson's ninety five year 0:09:36.920 --> 0:09:41.120 old Woodhull received the Distinguished Service Cross. He was awarded 0:09:41.120 --> 0:09:44.559 posthumously for his heroism. Global News twenty four hours a 0:09:44.640 --> 0:09:47.040 day and whenever you want it with Bloomberg News Now. 0:09:47.440 --> 0:09:50.079 Michael Barrn, This is Bloomberg Karen. 0:09:50.280 --> 0:09:57.240 All right, Michael, thank you. Time now for the Bloomberg 0:09:57.360 --> 0:09:59.040 Sportes Update with John Stanshaur. 0:09:59.120 --> 0:10:01.840 John, good morning, Good morning, Karen. The Yankees were hoping 0:10:01.880 --> 0:10:04.840 to clinch the division. The Mets we're looking to take 0:10:04.880 --> 0:10:08.080 a big step towards a playoff spot. Neither happened at 0:10:08.120 --> 0:10:10.760 the stadium. Baltimore hit three home runs it despite Aaron judge. 0:10:10.880 --> 0:10:14.120 It is fifty six of the season. Orioles won five 0:10:14.160 --> 0:10:16.400 to three. Yanks were hit by a base running blundered 0:10:16.400 --> 0:10:18.600 by Glabor Torres seventh. I think they were down a run. 0:10:18.679 --> 0:10:20.840 Torres tried to score from third and never got closed 0:10:21.000 --> 0:10:24.079 another chance to clinch Tonight, Euston clinch the Al West 0:10:24.080 --> 0:10:26.720 Astros were at one point ten games out. Mets did 0:10:26.720 --> 0:10:29.079 at Lanta, lost five to one Mark Biento's homeward, but 0:10:29.120 --> 0:10:32.120 the Mets had only three other hits. As Spencer Schelling 0:10:32.200 --> 0:10:35.160 back beat Luis seven Reno. Brandon Nemo looks ahead to 0:10:35.200 --> 0:10:36.240 game two tonight. 0:10:36.600 --> 0:10:38.720 You know, in a regular season, you know that games 0:10:38.720 --> 0:10:40.200 like this are going to happen, and sometimes there's gonna 0:10:40.200 --> 0:10:43.360 be days like this. So I think tomorrow you start fresh, 0:10:43.480 --> 0:10:45.400 and that's the thing is you try to have short 0:10:45.480 --> 0:10:47.960 term memory come into the next day. That's what we 0:10:48.000 --> 0:10:50.079 did inst Philadelphia too. We were just trying to win 0:10:50.120 --> 0:10:52.520 one game at a time, and so tomorrow we try 0:10:52.520 --> 0:10:54.520 and win. We try and go one to zero, and 0:10:54.559 --> 0:10:56.719 we bring, you know, we bring the energy and try 0:10:56.760 --> 0:10:58.520 and get things, you know, kind of rolling our way. 0:10:58.600 --> 0:11:00.800 But the Mets tonight have to face rist Sale and 0:11:00.880 --> 0:11:04.040 he is eighteen and three. Arizona lost to the Giants 0:11:04.040 --> 0:11:07.040 eleven and h So this is very much three team 0:11:07.160 --> 0:11:10.120 race ye for two NL wildcards. The metsley the Diamondbacks 0:11:10.160 --> 0:11:12.960 by a half game, the Braves by one. The Padres 0:11:13.280 --> 0:11:15.640 clinched the first NL wildcard they beat the Dodgers. The 0:11:15.679 --> 0:11:19.040 game ended with San Diego turning a triple play. The 0:11:19.120 --> 0:11:22.080 Liberty got thirty six points from sabrina I Andescu beat 0:11:22.120 --> 0:11:25.640 the Dream to advance to the WNBA semifinals. John Stansh 0:11:25.679 --> 0:11:26.920 they were Bloomberg Sports gearing. 0:11:26.920 --> 0:11:27.160 I mean. 0:11:29.360 --> 0:11:33.480 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:33.559 --> 0:11:36.440 and around the world on Bloomberg dot Com and the 0:11:36.520 --> 0:11:40.600 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:11:40.679 --> 0:11:41.360 Nathan Hager. 0:11:41.640 --> 0:11:45.720 As intense fighting continues between Israel and Hezbollah, world leaders 0:11:45.720 --> 0:11:49.680 are urging both sides to de escalate. President Biden addressed 0:11:49.679 --> 0:11:53.240 the conflict in his final speech to the UN General Assembly. 0:11:53.720 --> 0:11:57.560 Full scale wars not in anyone's interest. Even a situation 0:11:57.720 --> 0:12:01.320 is escalated, a diplomatic solution is still possible. 0:12:01.480 --> 0:12:04.680 And despite those words from President Biden, Israeli airstrikes and 0:12:04.760 --> 0:12:07.800 Hesbola rocket attacks go on, including at least one now 0:12:07.840 --> 0:12:11.720 aimed at Israel's financial hub Tel Aviv. Bloomberg's Israel Bureau 0:12:11.840 --> 0:12:14.640 chief Ethan Brauner is there and joins us now with 0:12:14.720 --> 0:12:18.400 the latest. Ethan, good morning, What are we seeing now? 0:12:18.440 --> 0:12:21.400 I hear there are more bombardments in Lebanon this morning. 0:12:22.679 --> 0:12:27.720 That's right, Nathan. The Israel's continuing to strike pretty widely 0:12:27.800 --> 0:12:31.760 in south Lebanon and the Bikaw Valley east of Beirut, 0:12:32.240 --> 0:12:36.800 and some forty projectiles have come at Israel from Lebanon, 0:12:36.920 --> 0:12:40.440 So the continues to be a fair amount of activity 0:12:40.480 --> 0:12:41.200 on both sides. 0:12:42.400 --> 0:12:47.920 With this rocket apparently aimed at the Tel Aviv suburbs, 0:12:48.360 --> 0:12:51.120 how significant an escalation could that be, Ethan? 0:12:52.080 --> 0:12:53.400 So that's a good question. 0:12:53.720 --> 0:12:59.320 I mean, never has his Belah launched a missile surface 0:12:59.360 --> 0:13:02.120 to surface kind of missile at Tel Aviv before. It 0:13:02.240 --> 0:13:05.120 was always kind of hanging over as the thing that 0:13:05.120 --> 0:13:09.280 they could ultimately do if a real conflict broke out. 0:13:10.480 --> 0:13:12.920 And indeed, as far as we know, they have tens 0:13:12.920 --> 0:13:15.800 of thousands of long range missiles that they could send. 0:13:16.280 --> 0:13:19.040 The interestant question is why only one came and what 0:13:19.160 --> 0:13:23.120 its significance is in terms of an uptick in hostilities, 0:13:23.120 --> 0:13:25.840 And I think it's a little hard to tell. 0:13:26.240 --> 0:13:30.280 Could we see some kind of response beyond what Israel 0:13:30.480 --> 0:13:34.320 has put out there these air strikes in southern Lebanon 0:13:34.400 --> 0:13:37.600 and the eastern Becav Valley. Could this lead to something further? 0:13:39.600 --> 0:13:40.440 It could? 0:13:40.600 --> 0:13:43.800 I mean honestly, for more than a week now, Israel 0:13:43.840 --> 0:13:49.400 has been on every day stepping up its attacks in Lebanon. 0:13:49.480 --> 0:13:53.000 It began with those pagers that went off in people's 0:13:53.040 --> 0:13:56.160 hands and pockets a week ago, a little more than 0:13:56.160 --> 0:13:59.160 a week ago, and continued. 0:13:58.640 --> 0:14:03.000 With the targeted fascinations and serious bombardments. Some five hundred 0:14:03.000 --> 0:14:05.559 plus people were killed in one day as they went 0:14:05.600 --> 0:14:09.079 after a whole bunch of launchers, rocket and missile launchers. 0:14:09.400 --> 0:14:12.960 They said, sixteen hundred sites hitting one day, all of 0:14:13.000 --> 0:14:16.760 which Israel says is aimed at trying to persuade Isbela 0:14:16.960 --> 0:14:19.960 to come to the table to talk about pulling away 0:14:20.040 --> 0:14:24.080 from the border with Israel and allowing its own citizens, 0:14:24.160 --> 0:14:27.160 Israeli citizens to go back to their homes from which 0:14:27.160 --> 0:14:31.520 they were driven on October eighth, after Isbela began attacking 0:14:31.600 --> 0:14:35.760 in solidarity with Hamas and Palestinians in Gaza. 0:14:35.880 --> 0:14:39.840 So it's a complicated situation. Israel is on a kind 0:14:39.880 --> 0:14:44.000 of path of trying to pressure more and more. I 0:14:44.040 --> 0:14:46.000 don't know that it would necessarily be a response to 0:14:46.040 --> 0:14:49.680 the one missile that came in toward Tel Aviv today. 0:14:50.040 --> 0:14:52.680 I did want to ask you about the room for diplomacy. 0:14:52.720 --> 0:14:56.480 We did hear President Biden calling for a need to 0:14:56.560 --> 0:15:00.040 de escalate, but it seems like escalation is what we 0:15:00.080 --> 0:15:04.360 are seeing. Where is the room for diplomacy, particularly with 0:15:04.440 --> 0:15:08.200 the UN General Assembly and these ongoing ceasefire talks and 0:15:08.240 --> 0:15:09.280 Gaza in the backdrop. 0:15:10.600 --> 0:15:13.720 Right, So, there is a French special envoy by the 0:15:13.800 --> 0:15:17.560 name of Jean Yve Ludrillon who has spent the beginning 0:15:17.600 --> 0:15:20.240 of this week in Beirut meeting with his Blah people 0:15:21.280 --> 0:15:25.400 and is in touch with Israelis as well, and this 0:15:25.640 --> 0:15:28.160 is the goal to come up with some There's been 0:15:28.200 --> 0:15:32.480 a Franco effort for many, many months now to try 0:15:32.520 --> 0:15:35.280 to get his Bola away from the border. They're right 0:15:35.360 --> 0:15:39.360 up against the border and Israelis feel unsafe as a result. 0:15:39.840 --> 0:15:42.360 If they could go back ten kilometers, that would be 0:15:42.360 --> 0:15:44.920 what Israel would be willing to Originally it was supposed 0:15:44.960 --> 0:15:48.000 to be only twenty five kilometers, but so that's where 0:15:48.040 --> 0:15:51.440 they the discussions are underway. It's a little hard to 0:15:51.520 --> 0:15:54.560 see if there's any progress of any kind. There's some 0:15:54.800 --> 0:15:58.560 notion that it could maybe be a package deal. 0:15:58.400 --> 0:16:03.360 Involvingstage Israeli hostage is held by Hamas and Gaza and 0:16:03.400 --> 0:16:05.720 so on, but it's all pretty vague at this point. 0:16:05.880 --> 0:16:09.280 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:09.360 --> 0:16:12.400 making news from Wall Street to Washington and beyond. 0:16:12.680 --> 0:16:15.040 Look for us on your podcast feed by six am 0:16:15.080 --> 0:16:18.480 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:18.720 --> 0:16:21.560 You can also listen live each morning starting at five 0:16:21.600 --> 0:16:24.320 am Wall Street Time on Bloomberg eleven three to zero 0:16:24.320 --> 0:16:27.200 in New York, Bloomberg in ninety nine to one in Washington, 0:16:27.280 --> 0:16:31.240 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:31.440 --> 0:16:33.120 XM Channel one twenty one. 0:16:33.400 --> 0:16:36.120 Plus listen coast to coast on the Bloomberg Business app 0:16:36.160 --> 0:16:38.960 now with Applecarplay and Android Atto interfaces. 0:16:39.200 --> 0:16:42.200 And don't forget to subscribe to Bloomberg News Now. It's 0:16:42.240 --> 0:16:44.960 the latest news whenever you want it in five minutes 0:16:45.040 --> 0:16:48.160 or less. Search Bloomberg News Now and your favorite podcast 0:16:48.200 --> 0:16:52.360 platform to stay informed all day long. I'm Karen Moscow. 0:16:52.160 --> 0:16:54.680 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:54.760 --> 0:16:56.640 all the news you need to start your day right 0:16:56.680 --> 0:16:58.160 here on Bloomberg Daybreak.