Middle East Truce Extended; Musk on Helping Rebuild Gaza
On today's podcast:
1) Israel and Hamas extended their truce late Monday after agreeing to release more hostages and prisoners and Washington said it was dispatching its top diplomat to the region for more talks over the conflict in Gaza.
2) Elon Musk was in Israel being welcomed by the nation’s political elite — including Prime Minister Benjamin Netanyahu — to visit the region where the Islamic militant group Hamas murdered 1,200 people on Oct. 7.
3) European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched.
Full Transcript:
Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. First, you want to get to the latest developments in the Middle East. Israel and Hamas have agreed to extend their truth. They will pause fighting until early Thursday. That brings the halt to six days, and we get the latest from Bloomberg's Rosalind Matheson. What we know is that this extension, which was somewhat expected, is likely to be under the same terms as we've seen so far, which is roughly, for every one hostage released by Harmas one Israeli hostage, that there's at least three Palestinian hostages released in turn by the Israelis. That's about a one for three exchange. What we do know is that those exchanges have happened so far every day in the truth, even if they've happened sometimes quite late in the day because there has been continued arguing through the day about some of the terms and conditions. Bloomberg's Roz Mathison says the truce comes as Secretary of Saint Anthony Blinken heads to Israel for the third time since the Hamas attack. Well, Nathan Elon Musk says he liked to help rebuild Gaza after the war with Hamas. The billionaire was in Israel yesterday and made the comments in a conversation with Israeli Prime Minister Benjamin Nettan Yahoo. Those who are intended motor must be neutralized. Then the propaganda must stop. That is training people to be murtorers in the future, and then and then making Gaza prosperous. And if that happens, I think will be good future. Well, I hope you will be involved in it, and I'd love to help and muss Israel Visit appears to be an effort to diffuse a growing backlash over his endorsement of an anti Semitic tweet. Last week. Corporations including Apple and Walt Disney stopped advertising on Eggs over concerns of increasing anti Semitism and hate speech on the site since he purchased it well Karen. The first of three US military relief flights carrying aid for the Gaza Strip is set to arrive in Egypt later today. Senior US official say the flights will carry winter clothing, food, medical items, and supplies specifically for children. This comes as the Biden administration seeks to escalate assistance to Palestinian civilians amid pressure from fellow Democrats. Well, Nathan ad to Israel is one of the issues of waiting lawmakers on Capitol Hill. The House is back in session today after the holiday break. Senate Majority Leader Chuck Schumer says he wants to vote as soon as next week on one hundred and six billion dollars in aid to Israel, Ukraine, and border security, but former Republican Congressman mcmulvaney says it'll be tough to pass it all before the end of the year because Congress is not facing a government shut down deadline by then. Typically big deals would get done at Christmas and again right before the August recess because that's when Congress wants to go home. Well, they don't have the sort of the sword of Damicles to hold over the members right now because the funding deals go beyond Christmas, and former Congressman mcmulvaney says Israel aid could pass alone before Christmas because it has bipartisan support. And he was guest on Bloomberg's sound On. Get the full interview on the sound On podcast. Well, meanwhile, Karen President Biden is cautioning corporations against taking advantage of inflation relief. We get that story from Bloomberg's Ed Baxter. President Biden has taken credit for easing supply chain pressures and lowering inflation, but says more needs to be done. Let me be clear, to any corporation that's not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt, it's time to stop the price gouging. You've given the American consumer a break. Biden also says he set up a council review supply chain actions, calling it an early warning system. Head Baxter Bloomberg Radio, All right, Ed, thank you well. We turn to the markets now, and it's shaping up to be a November two remember. We get the latest from Bloomberg's John Tucker. John and Karen stocks have rallied more than eight percent, marking one of their strongest gains for the month since records began. Signs of slowing inflation and measured jobs growth have also unleashed a treasury rally, with scent yields tumbling for their highest and more than a decade, and those lower yields mean the dollar is headed for its steepest monthly drop in a year. There's a consensus that not only has the Fed stop raising interest rates, but investors are pricing in around ninety five basis points of rate cuts into the end of next year. Well, not everybody's on board with a bowl case. Strategists that city groups say underlying bullish signs from futures flows are starting to fade. I'm John Tucker, Bloomberg Radio. Okay, John, thanks, you got some news on the IPO market this morning. Sources tell Bloomberg Reddit is again holding talks with potential investors for an initial public offering for the social media company, and we get that story from Bloomberg's Charlie Pellett. Hope Folds aren't preparing for a long awaited reopening of the market for new listings, sources say. The San Francisco based firm, whose users help fuel the meme stock frenzy that made twenty twenty one a ban a year for equities, is weighing an IPO as soon as the first quarter. Bloomberg news last year that Reddit was working with Morgan Stanley and Goldman Sachs on the listing and was considering a valuation of as much as fifteen billion dollars in New York. Charlie Pellett, Bloomberg Radio, all right, Charlie, thank you well, fast fashion retailer. She and has filed confidential confidentially with US regulators for an IPO that could take place next year. Bloomberg News has learned the online retailer, which was founded in China's working with Goldman Sachs, JP, Morgan Chase and Morgan Stanley on the listing. She has come under fire for poor labor conditions and factories in partners with overproduction of poor quality garments and the use of cotton from a Chinese region accused of using forced labor. Futures this morning, little change nasday futures lower though down a tenth of a percent on about twenty two points ten year treasury down two thirty seconds you four point three nine percent, and a yield on the two years at four point nine zero percent. Straight ahead, we have more local headlines, plus check of sports, and this is Bloomberg and it is time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris Any Good morning, Good morning, Karen. Scandal plagued New York Republican Representative George Santos has acknowledged he expects to be expelled from the House as soon as this week. House Speaker Mike Johnson was asked if there would be a vote on the fate of mister Santos as soon as this week. We've spoken to Coxsman Santos at some length over the holiday and talked to him about his options, but we'll have to see. It's not yet determined. The latest blow came in the form of a fifty six page report from the Health Ethics Committee released earlier this month, outlining substantial evidence that mister Santos violated federal law. The Justice Department has charged Santo's with conspiracy, wire fraud, fallse statements, falsification of records, aggravated identity theft, and credit card fraud. Border security is a key part of a broader legislative deal that lawmakers want to complete before the end of this year, but lawmakers are not likely to include a pathway to citizenship for young immigrants protected by the Deferred Action for Childhood Arrivals program in the border deal wrapped in that conversation a national security funding request from the White House, including eight for Ukraine. Senate Majority leader Chuck Schumer. The biggest hold up to the national security supplement is an insistence by some Republicans, just some on partisan border policy as a condition for Ukraine aid. Senator Chris Murphy of Connecticut, a top Democratic negotiator in those talks, says wild Daka is a priority that Democrats would want to see included in the deal, it does not align with what Republicans want the final bill to look like. A Moscow court has extended the detention of US reporter Avan Gershkovich. Gershkovich was arrested in Russia earlier this year. He's accused of spying. Today's hearing was held behind closed doors, no press allowed inside. His detention will be extended through January thirtieth. Memorial service is being held in Atlanta for former First Lady Rosalind Carter, President Biden, First Lady Jill Biden, and other former First Ladies. Malania Trump, Hillary Clinton, and Laura Bush are all expected to attend services this afternoon on the campus of Emory University. Jimmy Carter is also planning to be there. Rosalind Carter rather Rosalind Carter Pardon me died on November nineteenth at the age of ninety six. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen. All right, Amy, thank you what we do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Just subscribe to Bloomberg News Now to get the latest headlines at a click of a button. Get informed on your schedule. You can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot Com plus Apples, Spotify, and anywhere else you get your podcasts. And it's time now for the Bloomberg Sports Update, and here's John stash Hour, John Karen Mother Night. Football in Minnesota, the Vikings lost their quarterback Kirk Cousins for the season, and their star windout Justin Jefferson, missed another game that's the seventh in a row, and their offense struggled. Their new quarterback, Joshua Dobbs, who had been playing well through four interceptions. He did throw a touchdown pass to TJ. Hockinson with under six minutes to go, the only TV of the night for either team. It put Minnesota ahead, but Cairo Santos with his fourth field goal of the game of thirty yard or ten seconds left, the Bears upset the Vikings twelve to ten, Chicago four and eight, Minnesota six and Sixes two and four at home NBA in Philadelphia, Joe Lmb thirty points a triple double, and the Sixers crossed the Lakers one thirty eight to ninety four. Lebron James has been playing for twenty one seasons. This is the most lopsided loss of his career. Rare win for the Wizards. They won one twenty six to one oh seven. At Detroit, battled the NBA's two worst team. The Wizards are three and fourteen and the Pistons are two and fifteen. Bruins lost at Columbus five to two. The Minnesota Wild fired their coach Dean Everson. Wild with only five wins in their first nineteen games. They're replacing him with John Hines. The former Nashville coach. Sonny Gray signed a deal with the Saint Louis Cardinals three years, seventy five million. He was the cy young runner uper in the American League with Minnesota. He's also pitched for Oakland, the Yankees, and Cincinnati. Outfielder Jason Hayward staying with the Dodgers a one year deal for nine million. John Stashie were with Bloomberg Sports. Karn all right, John, thank you, well, we want to get the latest out of the Middle East. We're going to be speaking with the Bloomberg's Simon Marx straight ahead. He is going to join us from Tel Aviv. And ahead of that conversation, futures again, our little change this morning. Nasdaq futures though lower, down to tenth of up percent, the Dacks in Germany also down to tenth of up percent this morning, and a ten year Treasury down two thirty seconds see of four point three nine percent. The yield on the two year four point nine zero percent. This is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We continue to watch for further developments in the Middle East now at the ceasefire between Israel and hamas into overtime, and the expectation more hostages will be freed from Gaza in exchange for Palestinian prisoners joining us once again from Tel Aviv is Bloomberg, Simon Marx, Simon good morning. What is the expectation is it's still going to be one hostage for every three Palestinian prisoners, and that's how this is going to continue to go. Yes, that does seem exactly how it's supposed to go ahead. The Katari government has built out a statement very recently saying that the terms and conditions of this truce will be identical to what we've seen the previous four days. So that is going to take us through to Thursday morning here, so an extra two days, and we're going to see in the coming sort of forty eight hours whether that can be extended once again for another two days. Beyond that, there is some speculation that there could be another bit of wiggle room there. Do we know at this point or have we gotten any clue as to how many hostages could be released today? And whether there'll be any Americans on the list. Yes, so you know we're looking yes, the same as yesterday essentially, which was eleven off the hostages in return for thirty three or so Palestinian prisoners. That is the expectation there. Obviously weren't any Americans involved the last time round, but there is a lot of backchanneling going on to try and make sure that the US hostages do get out, although some sort of feel that, you know this, this will wait till the very last moment, obviously due to the relationship between Hamas and the US, and along with back channeling, it looks like there could be some more front channeling as well, with Secretary of State Antity blink and expected to arrive your way any moment. Now, what's the expectation for what the Secretary of State plans to do on this third visit to the region since the October seventh attack. Yes, indeed, so the Secretary of State has obviously been here multiple times. This time he's coming in towards the end of the week, we believe, and is going to focus on talks aimed at a more lasting, peaceful solution for the Palestinian territories. Of the Palestinian State. He will bring this up, whether or not he's going to get any traction. There is another question with Israel obviously planning to recommence their offensive in the Gaza Strip, and another focus of his will be to make sure more aid, more humanitarian cover is brought into the Gaza Strip. The UN have been very vocal, and you know right up into recent hours that more is needed, especially in the north of the strip where you have thousands of isolated people who haven't received much aid at all. It's interesting to hear a lot more talk now about what comes after, not just the ceasefire, but after the war itself. You mentioned Secretary of State Blincoln talking about a lasting solution to the crisis. We even heard from Elon Musko all people yesterday in Israel talking about wanting to rebuild in Gaza after the war is over. How much pressure is there on Israel right now to try to come to some kind of resolution of this crisis. There is a growing pressure, and I think there's a growing demand from partners from the Gulf, including the US, to understand what Israel's plan actually is. They haven't really expressed it. There is this notion obviously that the Netzenyahu government want to keep the West Bankcupied territories separated from the Gaza Strip. That obviously flies in the face of what the international community want in terms of a two state solution which would unify these two Palestinian territories. So there's so much to be ironed out, and I think that's probably some of the questions that Anthony Blincoln is going to want answers to when he arrives. Are we seeing that pressure Simon coming just from partners from the international community, or is Prime Minister Nettagna, who coming under some domestic pressure as well, got about a minute left. Well, yeah, obviously within Israel there is a quite a right wing government here at the moment. There are senior members of Nettaya who's Netanya whose cabinet, who are far on the right and very much against this idea of a two state solution and want to see a continued Israeli security presence inside the Gaza Strip. They have very little faith in any to come out of the Gaza Strip. So clearly Netanyahu's going to have to thread the needle here between what the international community wants and the pressures he's facing internally to be much more hardlined. Okay, Simon, thanks for this. We'll be checking back with you in the days and weeks to come. Simon Marks of Bloomberg News joining us this morning from Tel Aviv on day five now of the ceasefire between Israel and Hamas, with the expectation that more hostages will be released today in exchange for Palestinian prisoners out of Israel. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg Business app. Seriusxmbiheartradio app and on Bloomberg dot Com. I'm Nathan Hager and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak
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Good morning. 0:00:03.080 --> 0:00:05.920 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:05.960 --> 0:00:07.440 stories we're following today. 0:00:07.840 --> 0:00:09.719 First, you want to get to the latest developments in 0:00:09.760 --> 0:00:12.600 the Middle East. Israel and Hamas have agreed to extend 0:00:12.640 --> 0:00:15.880 their truth. They will pause fighting until early Thursday. That 0:00:15.920 --> 0:00:18.360 brings the halt to six days, and we get the 0:00:18.440 --> 0:00:20.480 latest from Bloomberg's Rosalind Matheson. 0:00:20.840 --> 0:00:24.239 What we know is that this extension, which was somewhat expected, 0:00:24.320 --> 0:00:26.920 is likely to be under the same terms as we've 0:00:26.960 --> 0:00:30.840 seen so far, which is roughly, for every one hostage 0:00:30.880 --> 0:00:34.960 released by Harmas one Israeli hostage, that there's at least 0:00:35.320 --> 0:00:40.159 three Palestinian hostages released in turn by the Israelis. That's 0:00:40.200 --> 0:00:43.559 about a one for three exchange. What we do know 0:00:43.640 --> 0:00:46.600 is that those exchanges have happened so far every day 0:00:46.720 --> 0:00:49.720 in the truth, even if they've happened sometimes quite late 0:00:49.760 --> 0:00:52.800 in the day because there has been continued arguing through 0:00:52.840 --> 0:00:55.360 the day about some of the terms and conditions. 0:00:55.640 --> 0:00:58.840 Bloomberg's Roz Mathison says the truce comes as Secretary of 0:00:58.880 --> 0:01:02.120 Saint Anthony Blinken heads to Israel for the third time 0:01:02.240 --> 0:01:03.480 since the Hamas attack. 0:01:03.960 --> 0:01:07.160 Well, Nathan Elon Musk says he liked to help rebuild 0:01:07.240 --> 0:01:09.959 Gaza after the war with Hamas. The billionaire was in 0:01:10.040 --> 0:01:12.600 Israel yesterday and made the comments in a conversation with 0:01:12.720 --> 0:01:15.160 Israeli Prime Minister Benjamin Nettan Yahoo. 0:01:15.360 --> 0:01:19.520 Those who are intended motor must be neutralized. Then the 0:01:19.959 --> 0:01:24.119 propaganda must stop. That is training people to be murtorers 0:01:24.160 --> 0:01:28.839 in the future, and then and then making Gaza prosperous. 0:01:28.920 --> 0:01:33.040 And if that happens, I think will be good future. Well, 0:01:33.080 --> 0:01:35.040 I hope you will be involved in it, and I'd 0:01:35.040 --> 0:01:36.119 love to help and. 0:01:36.160 --> 0:01:38.720 Muss Israel Visit appears to be an effort to diffuse 0:01:38.760 --> 0:01:42.000 a growing backlash over his endorsement of an anti Semitic tweet. 0:01:42.080 --> 0:01:42.640 Last week. 0:01:42.959 --> 0:01:47.119 Corporations including Apple and Walt Disney stopped advertising on Eggs 0:01:47.160 --> 0:01:50.360 over concerns of increasing anti Semitism and hate speech on 0:01:50.400 --> 0:01:52.760 the site since he purchased it well Karen. 0:01:52.800 --> 0:01:56.200 The first of three US military relief flights carrying aid 0:01:56.240 --> 0:01:58.640 for the Gaza Strip is set to arrive in Egypt 0:01:58.760 --> 0:02:01.720 later today. Senior US official say the flights will carry 0:02:01.760 --> 0:02:05.960 winter clothing, food, medical items, and supplies specifically for children. 0:02:06.080 --> 0:02:09.160 This comes as the Biden administration seeks to escalate assistance 0:02:09.240 --> 0:02:12.480 to Palestinian civilians amid pressure from fellow Democrats. 0:02:12.800 --> 0:02:14.800 Well, Nathan ad to Israel is one of the issues 0:02:14.800 --> 0:02:17.560 of waiting lawmakers on Capitol Hill. The House is back 0:02:17.600 --> 0:02:20.959 in session today after the holiday break. Senate Majority Leader 0:02:21.040 --> 0:02:23.560 Chuck Schumer says he wants to vote as soon as 0:02:23.639 --> 0:02:26.040 next week on one hundred and six billion dollars in 0:02:26.120 --> 0:02:30.320 aid to Israel, Ukraine, and border security, but former Republican 0:02:30.400 --> 0:02:33.120 Congressman mcmulvaney says it'll be tough to pass it all 0:02:33.160 --> 0:02:35.640 before the end of the year because Congress is not 0:02:35.760 --> 0:02:38.119 facing a government shut down deadline by then. 0:02:38.440 --> 0:02:42.119 Typically big deals would get done at Christmas and again 0:02:42.200 --> 0:02:44.720 right before the August recess because that's when Congress wants 0:02:44.800 --> 0:02:47.360 to go home. Well, they don't have the sort of 0:02:47.360 --> 0:02:49.560 the sword of Damicles to hold over the members right 0:02:49.600 --> 0:02:52.400 now because the funding deals go beyond Christmas. 0:02:52.240 --> 0:02:56.120 And former Congressman mcmulvaney says Israel aid could pass alone 0:02:56.160 --> 0:02:59.919 before Christmas because it has bipartisan support. And he was 0:03:00.080 --> 0:03:02.600 guest on Bloomberg's sound On. Get the full interview on 0:03:02.639 --> 0:03:03.760 the sound On podcast. 0:03:03.880 --> 0:03:07.800 Well, meanwhile, Karen President Biden is cautioning corporations against taking 0:03:07.840 --> 0:03:10.920 advantage of inflation relief. We get that story from Bloomberg's 0:03:11.000 --> 0:03:11.440 Ed Baxter. 0:03:11.680 --> 0:03:15.040 President Biden has taken credit for easing supply chain pressures 0:03:15.040 --> 0:03:18.560 and lowering inflation, but says more needs to be done. 0:03:18.639 --> 0:03:22.040 Let me be clear, to any corporation that's not brought 0:03:22.040 --> 0:03:25.120 their prices back down, even as inflation has come down, 0:03:25.400 --> 0:03:29.240 even supply chains have been rebuilt, it's time to stop 0:03:29.320 --> 0:03:33.120 the price gouging. You've given the American consumer a break. 0:03:33.520 --> 0:03:36.080 Biden also says he set up a council review supply 0:03:36.240 --> 0:03:41.520 chain actions, calling it an early warning system. Head Baxter Bloomberg. 0:03:41.120 --> 0:03:43.760 Radio, All right, Ed, thank you well. We turn to 0:03:43.960 --> 0:03:45.840 the markets now, and it's shaping up to be a 0:03:45.880 --> 0:03:49.520 November two remember. We get the latest from Bloomberg's John Tucker. 0:03:49.640 --> 0:03:52.680 John and Karen stocks have rallied more than eight percent, 0:03:52.800 --> 0:03:55.080 marking one of their strongest gains for the month since 0:03:55.200 --> 0:03:59.400 records began. Signs of slowing inflation and measured jobs growth 0:03:59.400 --> 0:04:03.160 have also unleashed a treasury rally, with scent yields tumbling 0:04:03.200 --> 0:04:05.560 for their highest and more than a decade, and those 0:04:05.600 --> 0:04:08.360 lower yields mean the dollar is headed for its steepest 0:04:08.360 --> 0:04:11.520 monthly drop in a year. There's a consensus that not 0:04:11.560 --> 0:04:14.200 only has the Fed stop raising interest rates, but investors 0:04:14.240 --> 0:04:16.960 are pricing in around ninety five basis points of rate 0:04:17.040 --> 0:04:20.039 cuts into the end of next year. Well, not everybody's 0:04:20.080 --> 0:04:22.679 on board with a bowl case. Strategists that city groups 0:04:22.680 --> 0:04:27.000 say underlying bullish signs from futures flows are starting to fade. 0:04:27.240 --> 0:04:28.839 I'm John Tucker, Bloomberg Radio. 0:04:29.040 --> 0:04:31.400 Okay, John, thanks, you got some news on the IPO 0:04:31.560 --> 0:04:35.160 market this morning. Sources tell Bloomberg Reddit is again holding 0:04:35.200 --> 0:04:38.320 talks with potential investors for an initial public offering for 0:04:38.400 --> 0:04:40.440 the social media company, and we get that story from 0:04:40.440 --> 0:04:41.679 Bloomberg's Charlie Pellett. 0:04:41.920 --> 0:04:45.159 Hope Folds aren't preparing for a long awaited reopening of 0:04:45.200 --> 0:04:48.600 the market for new listings, sources say. The San Francisco 0:04:48.640 --> 0:04:52.440 based firm, whose users help fuel the meme stock frenzy 0:04:52.480 --> 0:04:55.200 that made twenty twenty one a ban a year for equities, 0:04:55.560 --> 0:04:58.440 is weighing an IPO as soon as the first quarter. 0:04:58.839 --> 0:05:02.720 Bloomberg news last year that Reddit was working with Morgan 0:05:02.800 --> 0:05:07.040 Stanley and Goldman Sachs on the listing and was considering 0:05:07.080 --> 0:05:11.560 a valuation of as much as fifteen billion dollars in 0:05:11.680 --> 0:05:14.080 New York. Charlie Pellett, Bloomberg. 0:05:13.680 --> 0:05:16.560 Radio, all right, Charlie, thank you well, fast fashion retailer. 0:05:16.640 --> 0:05:20.560 She and has filed confidential confidentially with US regulators for 0:05:20.600 --> 0:05:23.880 an IPO that could take place next year. Bloomberg News 0:05:23.880 --> 0:05:26.680 has learned the online retailer, which was founded in China's 0:05:26.720 --> 0:05:30.240 working with Goldman Sachs, JP, Morgan Chase and Morgan Stanley 0:05:30.320 --> 0:05:32.960 on the listing. She has come under fire for poor 0:05:33.080 --> 0:05:37.120 labor conditions and factories in partners with overproduction of poor 0:05:37.279 --> 0:05:40.000 quality garments and the use of cotton from a Chinese 0:05:40.040 --> 0:05:44.680 region accused of using forced labor. Futures this morning, little 0:05:44.760 --> 0:05:47.240 change nasday futures lower though down a tenth of a 0:05:47.320 --> 0:05:50.120 percent on about twenty two points ten year treasury down 0:05:50.160 --> 0:05:53.040 two thirty seconds you four point three nine percent, and 0:05:53.160 --> 0:05:55.160 a yield on the two years at four point nine 0:05:55.320 --> 0:05:59.680 zero percent. Straight ahead, we have more local headlines, plus 0:06:00.160 --> 0:06:10.320 check of sports, and this is Bloomberg and it is 0:06:10.360 --> 0:06:11.480 time now for a look at some of the other 0:06:11.560 --> 0:06:13.520 stories making news around the world. For that, we're joined 0:06:13.520 --> 0:06:15.960 by Bloomberg's Amy Morris Any Good morning. 0:06:16.040 --> 0:06:19.880 Good morning, Karen. Scandal plagued New York Republican Representative George 0:06:19.920 --> 0:06:22.960 Santos has acknowledged he expects to be expelled from the 0:06:23.000 --> 0:06:25.640 House as soon as this week. House Speaker Mike Johnson 0:06:25.960 --> 0:06:27.599 was asked if there would be a vote on the 0:06:27.600 --> 0:06:30.000 fate of mister Santos as soon as this week. 0:06:30.000 --> 0:06:33.719 We've spoken to Coxsman Santos at some length over the 0:06:33.720 --> 0:06:36.760 holiday and talked to him about his options, but we'll 0:06:36.760 --> 0:06:39.160 have to see. It's not yet determined. 0:06:39.200 --> 0:06:41.400 The latest blow came in the form of a fifty 0:06:41.480 --> 0:06:45.240 six page report from the Health Ethics Committee released earlier 0:06:45.279 --> 0:06:49.479 this month, outlining substantial evidence that mister Santos violated federal law. 0:06:49.720 --> 0:06:53.120 The Justice Department has charged Santo's with conspiracy, wire fraud, 0:06:53.160 --> 0:06:57.640 fallse statements, falsification of records, aggravated identity theft, and credit 0:06:57.640 --> 0:07:00.440 card fraud. Border security is a key part of a 0:07:00.480 --> 0:07:03.520 broader legislative deal that lawmakers want to complete before the 0:07:03.680 --> 0:07:06.840 end of this year, but lawmakers are not likely to 0:07:06.880 --> 0:07:10.480 include a pathway to citizenship for young immigrants protected by 0:07:10.520 --> 0:07:13.400 the Deferred Action for Childhood Arrivals program in the border 0:07:13.440 --> 0:07:17.720 deal wrapped in that conversation a national security funding request 0:07:17.720 --> 0:07:20.920 from the White House, including eight for Ukraine. Senate Majority 0:07:21.000 --> 0:07:21.920 leader Chuck Schumer. 0:07:22.360 --> 0:07:25.880 The biggest hold up to the national security supplement is 0:07:25.920 --> 0:07:30.400 an insistence by some Republicans, just some on partisan border 0:07:30.480 --> 0:07:33.000 policy as a condition for Ukraine aid. 0:07:33.240 --> 0:07:36.760 Senator Chris Murphy of Connecticut, a top Democratic negotiator in 0:07:36.800 --> 0:07:40.400 those talks, says wild Daka is a priority that Democrats 0:07:40.440 --> 0:07:42.840 would want to see included in the deal, it does 0:07:42.880 --> 0:07:45.440 not align with what Republicans want the final bill to 0:07:45.480 --> 0:07:49.040 look like. A Moscow court has extended the detention of 0:07:49.160 --> 0:07:53.520 US reporter Avan Gershkovich. Gershkovich was arrested in Russia earlier 0:07:53.600 --> 0:07:56.520 this year. He's accused of spying. Today's hearing was held 0:07:56.560 --> 0:08:00.120 behind closed doors, no press allowed inside. His detention will 0:07:59.960 --> 0:08:04.320 be extended through January thirtieth. Memorial service is being held 0:08:04.320 --> 0:08:08.280 in Atlanta for former First Lady Rosalind Carter, President Biden, 0:08:08.320 --> 0:08:11.680 First Lady Jill Biden, and other former First Ladies. Malania Trump, 0:08:11.760 --> 0:08:14.960 Hillary Clinton, and Laura Bush are all expected to attend 0:08:15.000 --> 0:08:18.800 services this afternoon on the campus of Emory University. Jimmy 0:08:18.800 --> 0:08:21.920 Carter is also planning to be there. Rosalind Carter rather 0:08:22.000 --> 0:08:25.160 Rosalind Carter Pardon me died on November nineteenth at the 0:08:25.200 --> 0:08:28.320 age of ninety six. Global news twenty four hours a 0:08:28.400 --> 0:08:30.640 day and whenever you want it with Bloomberg News Now. 0:08:30.840 --> 0:08:32.880 I'm Maybe Morris and this is Bloomberg Karen. 0:08:32.920 --> 0:08:34.480 All right, Amy, thank you what we do bring you 0:08:34.559 --> 0:08:37.360 news throughout the day right here on Bloomberg Radio. But now, 0:08:37.480 --> 0:08:39.280 as Amy said, you can get the latest news on 0:08:39.360 --> 0:08:43.320 demand whenever you want it. Just subscribe to Bloomberg News 0:08:43.320 --> 0:08:45.320 Now to get the latest headlines at a click of 0:08:45.360 --> 0:08:49.079 a button. Get informed on your schedule. You can listen 0:08:49.120 --> 0:08:52.360 and subscribe to Bloomberg News Now on the Bloomberg Business app, 0:08:52.360 --> 0:08:56.480 Bloomberg dot Com plus Apples, Spotify, and anywhere else you 0:08:56.559 --> 0:09:03.960 get your podcasts. And it's time now for the Bloomberg 0:09:04.080 --> 0:09:07.520 Sports Update, and here's John stash Hour, John. 0:09:07.640 --> 0:09:10.400 Karen Mother Night. Football in Minnesota, the Vikings lost their 0:09:10.480 --> 0:09:13.280 quarterback Kirk Cousins for the season, and their star windout 0:09:13.400 --> 0:09:16.720 Justin Jefferson, missed another game that's the seventh in a row, 0:09:16.760 --> 0:09:20.040 and their offense struggled. Their new quarterback, Joshua Dobbs, who 0:09:20.040 --> 0:09:23.199 had been playing well through four interceptions. He did throw 0:09:23.240 --> 0:09:26.559 a touchdown pass to TJ. Hockinson with under six minutes 0:09:26.559 --> 0:09:28.800 to go, the only TV of the night for either team. 0:09:28.840 --> 0:09:32.080 It put Minnesota ahead, but Cairo Santos with his fourth 0:09:32.120 --> 0:09:33.719 field goal of the game of thirty yard or ten 0:09:33.800 --> 0:09:37.040 seconds left, the Bears upset the Vikings twelve to ten, 0:09:37.200 --> 0:09:40.280 Chicago four and eight, Minnesota six and Sixes two and 0:09:40.320 --> 0:09:43.720 four at home NBA in Philadelphia, Joe Lmb thirty points 0:09:43.720 --> 0:09:46.559 a triple double, and the Sixers crossed the Lakers one 0:09:46.679 --> 0:09:49.960 thirty eight to ninety four. Lebron James has been playing 0:09:50.000 --> 0:09:52.920 for twenty one seasons. This is the most lopsided loss 0:09:53.240 --> 0:09:55.679 of his career. Rare win for the Wizards. They won 0:09:55.720 --> 0:09:58.640 one twenty six to one oh seven. At Detroit, battled 0:09:58.640 --> 0:10:00.840 the NBA's two worst team. The Wizards are three and 0:10:00.920 --> 0:10:05.480 fourteen and the Pistons are two and fifteen. Bruins lost 0:10:05.520 --> 0:10:08.640 at Columbus five to two. The Minnesota Wild fired their 0:10:08.679 --> 0:10:11.600 coach Dean Everson. Wild with only five wins in their 0:10:11.640 --> 0:10:14.320 first nineteen games. They're replacing him with John Hines. The 0:10:14.360 --> 0:10:17.760 former Nashville coach. Sonny Gray signed a deal with the 0:10:17.760 --> 0:10:21.280 Saint Louis Cardinals three years, seventy five million. He was 0:10:21.280 --> 0:10:24.000 the cy young runner uper in the American League with Minnesota. 0:10:24.320 --> 0:10:28.040 He's also pitched for Oakland, the Yankees, and Cincinnati. Outfielder 0:10:28.120 --> 0:10:31.320 Jason Hayward staying with the Dodgers a one year deal 0:10:31.600 --> 0:10:34.240 for nine million. John Stashie were with Bloomberg Sports. 0:10:34.320 --> 0:10:37.440 Karn all right, John, thank you, well, we want to 0:10:37.440 --> 0:10:39.880 get the latest out of the Middle East. We're going 0:10:39.920 --> 0:10:43.160 to be speaking with the Bloomberg's Simon Marx straight ahead. 0:10:43.200 --> 0:10:45.560 He is going to join us from Tel Aviv. And 0:10:45.640 --> 0:10:49.640 ahead of that conversation, futures again, our little change this morning. 0:10:49.720 --> 0:10:52.320 Nasdaq futures though lower, down to tenth of up percent, 0:10:52.400 --> 0:10:54.360 the Dacks in Germany also down to tenth of up 0:10:54.360 --> 0:10:57.040 percent this morning, and a ten year Treasury down two 0:10:57.080 --> 0:11:00.240 thirty seconds see of four point three nine percent. The 0:11:00.320 --> 0:11:03.000 yield on the two year four point nine zero percent. 0:11:03.160 --> 0:11:04.520 This is Bloomberg. 0:11:06.200 --> 0:11:09.200 From coast to coast, from New York to San Francisco, 0:11:09.520 --> 0:11:14.199 Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg 0:11:14.240 --> 0:11:18.400 Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. 0:11:19.440 --> 0:11:21.960 Good morning, I'm Nathan Hager. We continue to watch for 0:11:22.040 --> 0:11:24.640 further developments in the Middle East now at the ceasefire 0:11:24.679 --> 0:11:28.839 between Israel and hamas into overtime, and the expectation more 0:11:28.880 --> 0:11:32.439 hostages will be freed from Gaza in exchange for Palestinian 0:11:32.480 --> 0:11:35.240 prisoners joining us once again from Tel Aviv is Bloomberg, 0:11:35.280 --> 0:11:38.880 Simon Marx, Simon good morning. What is the expectation is 0:11:38.920 --> 0:11:41.960 it's still going to be one hostage for every three 0:11:42.000 --> 0:11:44.520 Palestinian prisoners, and that's how this is going to continue 0:11:44.559 --> 0:11:44.800 to go. 0:11:45.040 --> 0:11:49.160 Yes, that does seem exactly how it's supposed to go ahead. 0:11:49.720 --> 0:11:53.600 The Katari government has built out a statement very recently 0:11:53.720 --> 0:11:56.439 saying that the terms and conditions of this truce will 0:11:56.480 --> 0:11:59.920 be identical to what we've seen the previous four days. 0:12:00.440 --> 0:12:03.480 So that is going to take us through to Thursday 0:12:03.679 --> 0:12:07.560 morning here, so an extra two days, and we're going 0:12:07.640 --> 0:12:10.800 to see in the coming sort of forty eight hours 0:12:10.840 --> 0:12:14.160 whether that can be extended once again for another two days. 0:12:14.160 --> 0:12:17.400 Beyond that, there is some speculation that there could be 0:12:17.720 --> 0:12:19.200 another bit of wiggle room there. 0:12:19.760 --> 0:12:21.760 Do we know at this point or have we gotten 0:12:21.800 --> 0:12:25.120 any clue as to how many hostages could be released today? 0:12:25.120 --> 0:12:27.320 And whether there'll be any Americans on the list. 0:12:27.640 --> 0:12:30.800 Yes, so you know we're looking yes, the same as 0:12:30.840 --> 0:12:35.480 yesterday essentially, which was eleven off the hostages in return 0:12:35.600 --> 0:12:40.560 for thirty three or so Palestinian prisoners. That is the 0:12:40.640 --> 0:12:46.160 expectation there. Obviously weren't any Americans involved the last time round, 0:12:46.960 --> 0:12:49.200 but there is a lot of backchanneling going on to 0:12:49.280 --> 0:12:52.560 try and make sure that the US hostages do get out, 0:12:52.800 --> 0:12:56.520 although some sort of feel that, you know this, this 0:12:56.720 --> 0:13:00.480 will wait till the very last moment, obviously due to 0:13:00.520 --> 0:13:03.559 the relationship between Hamas and the US. 0:13:03.280 --> 0:13:05.920 And along with back channeling, it looks like there could 0:13:05.960 --> 0:13:08.760 be some more front channeling as well, with Secretary of 0:13:08.760 --> 0:13:14.080 State Antity blink and expected to arrive your way any moment. Now, 0:13:14.480 --> 0:13:18.040 what's the expectation for what the Secretary of State plans 0:13:18.080 --> 0:13:22.439 to do on this third visit to the region since 0:13:22.480 --> 0:13:23.680 the October seventh attack. 0:13:23.880 --> 0:13:27.000 Yes, indeed, so the Secretary of State has obviously been 0:13:27.040 --> 0:13:30.920 here multiple times. This time he's coming in towards the 0:13:31.040 --> 0:13:33.440 end of the week, we believe, and is going to 0:13:33.480 --> 0:13:37.959 focus on talks aimed at a more lasting, peaceful solution 0:13:38.559 --> 0:13:43.800 for the Palestinian territories. Of the Palestinian State. He will 0:13:43.840 --> 0:13:47.240 bring this up, whether or not he's going to get 0:13:47.280 --> 0:13:51.720 any traction. There is another question with Israel obviously planning 0:13:51.800 --> 0:13:54.920 to recommence their offensive in the Gaza Strip, and another 0:13:54.960 --> 0:13:57.760 focus of his will be to make sure more aid, 0:13:57.960 --> 0:14:01.520 more humanitarian cover is brought into the Gaza Strip. The 0:14:01.600 --> 0:14:05.160 UN have been very vocal, and you know right up 0:14:05.200 --> 0:14:08.320 into recent hours that more is needed, especially in the 0:14:08.360 --> 0:14:11.720 north of the strip where you have thousands of isolated 0:14:11.760 --> 0:14:14.000 people who haven't received much aid at all. 0:14:14.400 --> 0:14:17.800 It's interesting to hear a lot more talk now about 0:14:17.840 --> 0:14:20.720 what comes after, not just the ceasefire, but after the 0:14:20.760 --> 0:14:24.400 war itself. You mentioned Secretary of State Blincoln talking about 0:14:24.440 --> 0:14:27.400 a lasting solution to the crisis. We even heard from 0:14:27.640 --> 0:14:31.400 Elon Musko all people yesterday in Israel talking about wanting 0:14:31.440 --> 0:14:35.040 to rebuild in Gaza after the war is over. How 0:14:35.120 --> 0:14:38.920 much pressure is there on Israel right now to try 0:14:38.920 --> 0:14:42.360 to come to some kind of resolution of this crisis. 0:14:42.680 --> 0:14:45.000 There is a growing pressure, and I think there's a 0:14:45.040 --> 0:14:49.480 growing demand from partners from the Gulf, including the US, 0:14:49.560 --> 0:14:53.840 to understand what Israel's plan actually is. They haven't really 0:14:53.920 --> 0:14:57.400 expressed it. There is this notion obviously that the Netzenyahu 0:14:57.520 --> 0:15:02.320 government want to keep the West Bankcupied territories separated from 0:15:02.360 --> 0:15:07.800 the Gaza Strip. That obviously flies in the face of 0:15:07.880 --> 0:15:10.400 what the international community want in terms of a two 0:15:10.480 --> 0:15:15.520 state solution which would unify these two Palestinian territories. So 0:15:15.560 --> 0:15:18.440 there's so much to be ironed out, and I think 0:15:18.520 --> 0:15:22.240 that's probably some of the questions that Anthony Blincoln is 0:15:22.240 --> 0:15:23.960 going to want answers to when he arrives. 0:15:24.160 --> 0:15:27.400 Are we seeing that pressure Simon coming just from partners 0:15:27.440 --> 0:15:31.160 from the international community, or is Prime Minister Nettagna, who 0:15:31.280 --> 0:15:33.520 coming under some domestic pressure as well, got about a 0:15:33.560 --> 0:15:34.080 minute left. 0:15:34.120 --> 0:15:39.840 Well, yeah, obviously within Israel there is a quite a 0:15:39.920 --> 0:15:42.680 right wing government here at the moment. There are senior 0:15:42.760 --> 0:15:46.320 members of Nettaya who's Netanya whose cabinet, who are far 0:15:46.440 --> 0:15:49.600 on the right and very much against this idea of 0:15:49.960 --> 0:15:53.160 a two state solution and want to see a continued 0:15:53.320 --> 0:15:57.000 Israeli security presence inside the Gaza Strip. They have very 0:15:57.000 --> 0:16:01.560 little faith in any to come out of the Gaza Strip. 0:16:02.200 --> 0:16:06.360 So clearly Netanyahu's going to have to thread the needle 0:16:06.400 --> 0:16:10.040 here between what the international community wants and the pressures 0:16:10.080 --> 0:16:12.920 he's facing internally to be much more hardlined. 0:16:13.480 --> 0:16:16.480 Okay, Simon, thanks for this. We'll be checking back with 0:16:16.560 --> 0:16:19.200 you in the days and weeks to come. Simon Marks 0:16:19.280 --> 0:16:22.880 of Bloomberg News joining us this morning from Tel Aviv 0:16:22.960 --> 0:16:28.040 on day five now of the ceasefire between Israel and Hamas, 0:16:28.080 --> 0:16:32.000 with the expectation that more hostages will be released today 0:16:32.360 --> 0:16:36.880 in exchange for Palestinian prisoners out of Israel. This is 0:16:36.920 --> 0:16:40.400 Bloomberg Daybreak Today, your morning brief on the story's making 0:16:40.440 --> 0:16:43.080 news from Wall Street to Washington and beyond. 0:16:43.360 --> 0:16:46.120 Look for us on your podcast feed at six am 0:16:46.200 --> 0:16:49.880 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:49.920 --> 0:16:51.080 get your podcasts. 0:16:51.200 --> 0:16:53.920 You can also listen live each morning starting at five 0:16:53.960 --> 0:16:56.560 am Wall Street time on Bloomberg eleven three to zero 0:16:56.600 --> 0:16:59.440 in New York, Bloomberg ninety nine to one in Washington, 0:16:59.520 --> 0:17:02.640 Bloomberg one oh sixty one in Boston, and Bloomberg nine 0:17:02.800 --> 0:17:04.200 sixty in San Francisco. 0:17:04.560 --> 0:17:07.720 Our flagship New York station is also available on your 0:17:07.760 --> 0:17:12.840 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty. 0:17:12.880 --> 0:17:15.800 Plus listen coast to coast on the Bloomberg Business app. 0:17:15.840 --> 0:17:21.040 Seriusxmbiheartradio app and on Bloomberg dot Com. I'm Nathan Hager. 0:17:20.800 --> 0:17:23.960 And I'm Karen Moscow. Join us again tomorrow morning for 0:17:24.080 --> 0:17:26.600 all the news you need to start your day right 0:17:26.600 --> 0:17:28.280 here on Bloomberg Daybreak