Israeli Cabinet Backs Gaza Deal; New York AG James Indicted

Bloomberg Audio Studios, Podcasts, radio News.
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
are the stories we're following today.
Karen, we begin with the latest developments in the Middle East.
Israel's government has approved a ceasefire deal with Hamas that
will include releasing thousands of Palestinian prisoners in exchange for
any remaining hostages in Gaza. Stuart Livingston Wallace heads Bloomberg's
Middle East coverage.
It all seems to be going reasonably smoothly. It went
to the Israeli cabinet last night, was approved. So we're
now in a sort of a twenty four hour initial
phase where the IDEF, that is, the Israeli Army will
start withdrawing from its current positions to sort of a
pre agreed line. They will still be inside Gaza, but
it's going to be over a significantly smaller amount of territory.
So basically we're looking at the next four days it's
going to unfold, and again this is very much phase one.
And then in terms of the next hurdles, I think
there's a long way to go, and you know, we
should be on no illusion about how difficult some of
those questions are notably on the question of the you know,
the complete disarmament for mouse, the future governance of the
Gaza Strip, and perhaps most importantly, the reconstruction of the
Gaza Strip.
Bloomberg Stewart Livingston Wallace says President Trump will travel to Israel,
he says, to be on hand for the release of
the hostages.
And we have some breaking news here, Nathan Venezuelaan opposition
leader Maria Corino Machado has won the twenty twenty five
Nobel Peace Prize. And of course we'll be watching this
morning for any reaction from President Trump, who has waged
an aggressive lobbying campaign ahead of today's announcement. And again
that's just crossing the Bloomberg.
All right, Karen, thank you for that.
Now to the latest on the federal government shut down,
into day ten of the stalemate in Washington. Both sides
continue to blame each other for the impasse, and President
Trump is doubling down on threats to take advantage of it.
We'll be cutting some very popular Democrat programs that aren't
popular with Republicans, factly because that's the way it works.
They wanted to do this, so we'll give little taste
of their own medicine.
President Trump spoke at a cabinet meeting at the White
House heard live on Bloomberg Radio, but Republicans may be
feeling political heat as well. House Speaker Mike Johnson took
questions about the shutdown on c SPAN. One caller on
the Republican side said her husband serves at Fort Belvoir, Virginia,
and they're medically sensitive. Children might have to go without
medication if they miss a paycheck.
You could stop this, and you could be the one
that could say military is getting paid. And I think
that it is awful and the audacity of someone who
makes six figures a year to do this to military
families is insane.
Speaker Johnson responded to that caller, saying the Democrats are
the ones keeping her from getting a check.
Well, Nathan, that Trump Whitehouse has decided there's a group
of federal staffers they can't do without during the shutdown,
and the people who put together the economic data are
the ones they're talking about. Let's get more from Bloomberg,
John Tucker, John good morning.
Yeah, Good morning, Careen. The White House Office of Management
and Budget has directed the Bureau of Labor Statistics to
recall staff. They need them to assemble the September Consumer
Price INDECKS. That is the report that determines the size
of next year's Social Security checks. Dozens of economists and
it spancialists are typically involved, so it's still unlikely this
report is going to be released by its original publication
data October fifteenth. You'll recall President of Trump fired the
BLS commissioner in August after the release of the weaker
than expected jobs report he didn't like New York I'm
John Tucker, Bloomberg Radio.
All right, John, thank you. We have this red headline
crossing the Bloomberg terminal. China is probing Qualcom for suspected
violations of the country's anti monopoly law. That's according to
a statement from Beijing State Administration for Market Regulation. Qualcomm
shares in the pre market down three and a quarter percent.
Well, Nathan, the Jhnice Department is still working through the shutdown,
and it's bringing charges against another one of President Trump's
perceived political enemies. New York Attorney General Letitia James has
been indicted on counts of bank fraud and making false
statements to a financial institution. The Grand jury indictment stems
from a property James purchase in Norfolk, Virginia in twenty twenty.
It's the second indictment brought by US Attorney Lindsay Halligan,
who was recently appointed by Trump and also secured charges
against former FBI Director James Comey. Attorney General James says
she'll fight the charges.
This is nothing more than a continuation of the President's
desperate weaponization of our justice system. He's forcing federal law
enforcement agencies to do his bidding, all because I did
my job as the New York State Attorney General.
Attorney General Letitia James posted that statement on x She
campaigned on a promise to investigate President Trump and won
a civil case against him and his company in twenty
twenty two. Her first appearance in federal court in Virginia
is sent for October twenty fourth.
Turing overseas now, French President Emmanuel mccral is expected to
pick a new prime Minister by this evening after the
resignation of Sebastian Leacorn, who earlier this week. Richard Bravo
leads Bloomberg's coverage of Western European government.
I don't think we're any closer to knowing exactly who
he will pick to be the next prime minister, But
the important thing to focus on is the fact that
he's naming a prime minister at all. Earlier this week,
it was increasingly looking like mccrawl would call another snap election.
That would have meant even more political chaos and financial instability.
So even though it's not clear who exactly mccron could name,
and the list is very long and it does run
the political gamut, most see this as the least bad option.
Bloomberg's Richard Bravo reports Francis caretaker finance Minister Roland Lascour
says the country's on course to meet its budget promises
to the European Union, even after outgoing Premier Leacorn, who
indicated there'll be less fiscal consolidation next year than previously planned.
Well in Asia, Nathan Japan's old ruling coalition has collapsed.
It comes after talks between Liberal Democratic Party chiefs Senight
Kaishi and junior partner KMETO leader Titsuo Seto ended without agreement.
The collapse was due to a disagreement over the needs
for the LDP to regulate political donations. The coalition has
maintained political stability for LDP administrations for most of the
past quarter century. And looking at the yen, it's at
one fifty two point seven zero against the dollar.
Back to this country, Karen, there's a warning from Ray Dalio,
the Bridgewater Associates founder, says US government debt is rising
too quickly, creating a climate he says is very much
analogous to the years before World War Two.
Dalio spoke with Bloomberg's Fancy Laqua.
We're in wars, Okay, there is a financial money war,
there's a technology war, there's geopolitical wars, and there are
more military wars. And so we have a civil war
of some sort which is developing in the United States
and elsewhere where. There are ireq soilable differences.
Bridgewater founder Ray Dalio has long cautioned of the risks
of spiraling US deet. Last month, he said it poses
a threat to the monetary order.
And Nathan Paramount Skydance chief executive David Ellison, who is
reportedly weighing a merger with Warner Brothers Discovery, says she
sees a lot of opportunity for consideration in the industry.
We spoke with him at the Bloomberg screen Time conference
in Los Angeles.
First and foremost, what's good for the talent community, what's
good for our shareholders and value creation, and what's good
for basically storytelling at large.
And so from our standpoint.
Whether we were approach any acquisition, and I actually do
think there's a lot of options out there in terms
of what actually might be actionable in the near future,
we would approach that through the lens of wanting to
make more, not less.
And David Ellison took over Paramount, the parent of CBS, Nickelodeon,
MTV in the Namesake Movie Studio in August after completing
an eight billion dollar merger with his film production company,
Skydance Media. Get that full conversation and all of the
biggest names we spoke with at screen Time on the
Bloomberg podcast channel on YouTube. Time Now for a look
at some of the other stories making news in New
York and around the world, and for that we're joined
by Bloomberg. So Michael Barr, Michael, good morning.
Good morning, Karen. National Guard troops are expected to begin
patrolling in Memphis. The patrols are expected today after a
federal judge in Illinois ruled Thursday to block a deployment
in the Chicago area for at least two weeks. Illinois
Attorney General Kwame Raouls says the deployment was never legally justifiable.
This is an important decision, not just for the state
of Illinois, but for the entire country. September twelfth was
the weekend ICE operations moved into Chicago ahead of Mexican
Independence Day celebrations. Virginia gubernatorio candidates Democrat Abigail Spanberger and
Republican Winsome Earl Sears he lashed over issues and a
debate at Norfolk State University. The debate also focused heavily
on a text message scandal involving Democratic nominee for Attorney
General Jay Jones, with Earl Sears pressing Spanburger to demand
Jones to spend this campaign.
Really, what I want to ask this first question is, Abigail,
where are you going to take Jay Jones and say
to him you must leave the race. He has said
that he wants to murder his political opponent, and not
only that, but his political opponent's children five years old.
Earlier, Spanburger condemned Jones's remarks, but stop short of calling
for him to.
Exit the race.
As we move forward, the voters now have this information,
information that was withheld for them. You're running, presumably for
politifairs reasons, but the voters now have the information and
it is up to voters to make an individual choice
based on this information.
Spanberger, a former US presentative, has maintained a consistent polling lead.
Tropical Storm Raymond has formed in the eastern Pacific Ocean.
It is the third system now off the western coast
of Mexico. Global News twenty four hours a day and
whenever you want it with the Bloomberg News Now, Michael
Barn This is Bloomberg Karen.
Thanks Michael. Time now for our Bloomberg Sports updating. For that,
we bring in John stash Hour.
Thanks Garon crazy finish to the Dodgers Phillies series in LA.
The Dodgers scored in the eleventh in on the Phillies
throwing air, won the game two to one, won the
series three to one. The Cubs shut out the Brewers
six to nothing at Wrigley and that series is heading
to a decisive game five tomorrow in Milwaukee. Upset in
the NFL the start Week six, the Giants shut the
Eagles out in the second half. The rookie quarterback Jackson
Dart with a touchdown run and pass. In the first quarter,
camp Scataboo scored three times. The Giants won thirty four seventeen.
That to Bloomberg Sports Update.
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Bloomberg Business app. This is Bloomberg Daybreak.
Good morning. I'm Nathan Hagar.
It is a major step toward ending two years of
brutal war in Gaza. Israel's government has approved a deal
for Hamas to free its remaining hostages in exchange for
more than two thousand Palestinian prisoners. Israeli Prime Minister Benjamin
d'atanya who says this clears the way for those hostages
to come home in the next three days.
We couldn't have achieved without the extraordinary hope President Trump
and Steve Steve Whitcock and Jared Kushner.
Israeli Prime Minister Benjamin D'atanyah, who spoke after the vote,
flanked by the White House Special Envoy in President Trump's
son in law for the very latest, we go to
Tel Aviv and welcome Bloomberg News Israel Bureau Chief Ethan Bronner. Ethan,
good morning this morning. After the vote, is the ceasefire holding.
Well, the ceasefire is actually only just starting officially, right,
I mean it's The deal was that after the vote,
Israel would begin to redeploy its forces from controlling approximately
seventy percent of Gaza to about half of it. So
Israel has begun, actually, I think in just the last
minutes to start to move its troops back to that
first line agreed to between the two sides.
Interesting to see the White House Envoy and President Trump's
son in law side by side with Ntan Yahoo as
he was surrounded by his cabinet during this vote. We've
spoken before about US influence on Israel throughout this conflict.
What does this say to have them in the room
at this moment?
You know, this is something honestly that was done even
during the Biden administration. President Biden, Tony Blincoln, and others
would sit in the cabinet meeting during the beginning of
this war in a sign of solid so of course
it is as you point out, a side of an
incredible sort of shoulder to shoulder, you know, no daylight.
We're all in this together approach. And obviously there have
been tensions between Natanya and Trump, but I think the
point and again in addition, President Trump is planning to
be here in a couple of days, So the point
is to say, whatever tensions there have been, we're basically
together in our views of how to go forward here.
Going forward, there are still plenty of unanswered questions as
to whether this will be just a first step or
whether this twenty point plan can be fully implemented.
Aren't there? Yeah?
Many, many many. I mean, in fact, fundamentally, what's most
striking about this is that, for a variety of reasons
which we can talk about, Hamas is going to give
up all the hostages in front, that is to say,
in the next seventy two hours, and then Israel is
going to free about nineteen hundred and fifty Palestinian prisoners,
and then we shall see. Then there's a whole bunch
of stuff that's supposed to happen, but it's going to
have to be negotiated in terms of who's going to
rule the Gaza strip and whether Hamas is going to
disarm and how and so on and so forth. Lots
and lots of stuff ahead of us for sure.
So then ethan, what are we expecting when those negotiations continue.
I imagine it's going to be a fraud conversation still
in Charmel.
Shak, deeply, deeply.
I don't know that it's going to happen in charmelsche
I don't know where these negotiations are going to take
place or over what period of time, but absolutely hugely fraud.
I mean, I think that.
My instinct is that the reason of Hamas is giving
up all the hostages up front, which is something it
had refused to do consistently for two years, is that
Katar and Turkey and Egypt, its sponsors and friends have
said to it, do that and then work hard on
the question of your role in the future and who
gets amnesty and so forth and so on. So Israel
is still saying it's not going to allow I must
have any role in the future of Gaza ruling rulerships.
So we shall see. You know, it's going to be
It's going to be a lot. There's no question about it.
But the other question is, once Israel gets its sasages back,
will it a will foreign minister in Natania who call
an early election reasonably likely?
Will he win?
Another question? And also will the public say, look, our
hostages are home. We don't want to fight any more.
No matter what's going on in Gaza, I don't know.
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