Harris Calls for Peace in Middle East; Netflix Earnings Beat

Bloomberg Audio Studios, podcasts, radio news. Good morning, I'm Nathan 0:00:10.880 --> 0:00:13.840 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.880 --> 0:00:15.120 following today, Karen. 0:00:15.200 --> 0:00:17.639 Reaction continues to pour in from around the world to 0:00:17.680 --> 0:00:20.759 the death of the architect of the October seventh attacks 0:00:20.800 --> 0:00:25.119 against Israel. The Israeli military says Yahya Sinwar, the leader 0:00:25.120 --> 0:00:28.160 of Hamas, was killed Wednesday in what appears to be 0:00:28.240 --> 0:00:31.600 a chance encounter in southern Gaza. Here's Israeli Prime Minister 0:00:31.640 --> 0:00:33.800 Benjamin Natanyahu's speaking through an interpreter. 0:00:34.360 --> 0:00:37.000 I mean, I'm standing before you today to inform you 0:00:37.080 --> 0:00:40.720 the Hamas leader, Yaya Sinwar, has been eliminated. The person 0:00:40.720 --> 0:00:43.040 who committed the most terrible massacre in the history of 0:00:43.080 --> 0:00:46.080 our nations since the Holocaust, the mass murderer who murdered 0:00:46.120 --> 0:00:49.400 thousands of Israelis and kidnapped hundreds of our citizens, who 0:00:49.440 --> 0:00:53.199 was eliminated today by our heroic soldiers. And today, as 0:00:53.200 --> 0:00:56.040 we promised to do, we settled the account with him. 0:00:56.200 --> 0:00:58.640 Today evil has suffered a heavy blow, but the task 0:00:58.680 --> 0:01:00.240 before us is not yet complete. 0:01:00.360 --> 0:01:02.680 And the news comes as Natanya, who continues to weigh 0:01:02.760 --> 0:01:06.720 Israel's retaliation against Iran for firing two hundred ballistic missiles 0:01:06.760 --> 0:01:07.720 on October first. 0:01:08.360 --> 0:01:10.960 Well, Nathan Sinhar's a death that leaves Hamas with no 0:01:11.120 --> 0:01:14.440 clear successor, as questions remain about the path forward in 0:01:14.480 --> 0:01:16.760 the Middle Aged and we get more from a bloomberg 0:01:16.880 --> 0:01:18.800 middle aged ancher Jumana Bursecchi. 0:01:19.000 --> 0:01:22.520 This is seen as a major victory for the Israeli 0:01:22.520 --> 0:01:25.399 Prime Minister and for the Israeli cabinet. It comes on 0:01:25.440 --> 0:01:27.959 the heels of the killing of the other former political 0:01:28.000 --> 0:01:30.200 leader of Hamas is smile Heni and Tehran a few 0:01:30.240 --> 0:01:33.240 months ago, and the killing of Hassan Asrela, the leader 0:01:33.240 --> 0:01:36.560 of Hesbala, alongside other Hesbella commanders as well, so very 0:01:36.600 --> 0:01:39.560 significant moments. But the question from here onwards, and there 0:01:39.560 --> 0:01:43.039 are many questions, is who will be replacing Jehoa Sinwad, 0:01:43.120 --> 0:01:46.440 Will that person be more open to cease Far discussions, 0:01:46.440 --> 0:01:49.320 and indeed, from the Israeli perspective, is there actually a 0:01:49.360 --> 0:01:52.480 desire to move forward with these sees Far negotiations. There's 0:01:52.520 --> 0:01:56.440 a lot of pressure domestically on Natanyahu's government to secure 0:01:56.440 --> 0:01:58.360 the release of the hostages. It's been over a year 0:01:58.440 --> 0:02:02.080 now and it's expected that there's still around one hundred hostages, 0:02:02.160 --> 0:02:04.000 unclear how many of them are still alive. 0:02:04.320 --> 0:02:08.480 Bloombergymna Bersecchi reporting. President Biden says he's sending Secretary of 0:02:08.560 --> 0:02:11.320 State Antony Blincoln to Israel as part of efforts to 0:02:11.480 --> 0:02:12.639 end the war with Ummas. 0:02:12.680 --> 0:02:15.919 Thenk Karen Vice President Kamala Harris says Sinwar's death offers 0:02:15.919 --> 0:02:16.800 a chance at peace. 0:02:17.320 --> 0:02:22.840 This moment gives us an opportunity to finally end the 0:02:22.880 --> 0:02:27.200 war in Gaza, and it must end such that Israel 0:02:27.360 --> 0:02:32.560 is secure, the hostages are released, the suffering in Gaza ends, 0:02:33.200 --> 0:02:39.320 and the Palestinian people can realize their right to dignity, security, freedom, 0:02:39.639 --> 0:02:40.799 and self determination. 0:02:41.240 --> 0:02:43.840 The Vice president spoke after a campaign event with college 0:02:43.880 --> 0:02:47.720 students in Milwaukee. Later, she held a rally in Lacrosse, Wisconsin, 0:02:47.760 --> 0:02:51.120 and talked about her plan to build an opportunity economy. 0:02:50.919 --> 0:02:54.880 Which is where every American has an opportunity to own 0:02:54.919 --> 0:02:58.080 a home, to start a business, to build wealth. 0:02:58.280 --> 0:03:02.360 Kamala Harris was joined by billionaire Mark Cuban. He blasted 0:03:02.360 --> 0:03:05.639 former President Donald Trump's plans for across the board tariffs 0:03:05.639 --> 0:03:09.480 as attacks on everybody. Cuban said, quote, Donald Trump wants 0:03:09.520 --> 0:03:11.440 you to have a lousy Christmas. 0:03:11.680 --> 0:03:11.880 Well. 0:03:11.880 --> 0:03:14.440 Next week, Nathan Vice President Harris will be joined on 0:03:14.480 --> 0:03:16.520 the stump by two of the most popular figures in 0:03:16.520 --> 0:03:20.239 the Democratic Party, Barack and Michelle Obama. A senior campaign 0:03:20.240 --> 0:03:23.040 official tells Bloomberg. The former president will join Harris in 0:03:23.080 --> 0:03:26.120 Georgia on Thursday, but the former First Lady will appear 0:03:26.160 --> 0:03:28.679 with the Vice president a week from tomorrow in Michigan. 0:03:29.040 --> 0:03:30.920 It will be the first time Harris has appeared with 0:03:31.000 --> 0:03:33.359 either of the Obamas during the campaign, and. 0:03:33.360 --> 0:03:36.000 Former President Trump's getting high profile support of his own 0:03:36.040 --> 0:03:38.520 care and the world's richest person, Elon Musk, held an 0:03:38.560 --> 0:03:41.360 event for the former president yesterday in the Philadelphia area. 0:03:41.600 --> 0:03:43.840 Musk said the next election will decide the fate of 0:03:43.880 --> 0:03:46.119 America and the fate of Western civilization. 0:03:46.680 --> 0:03:48.920 You know, you know what, I've been told at times 0:03:48.920 --> 0:03:50.320 that these are like right wing values. 0:03:50.360 --> 0:03:52.400 I'm like, are you insane? 0:03:53.360 --> 0:03:56.880 There's literally the fundamental values that made America what it 0:03:56.920 --> 0:03:57.360 is today. 0:03:57.720 --> 0:04:00.560 As for Donald Trump, he rubbed shoulders night with New 0:04:00.600 --> 0:04:02.880 York City's elites at the Al Smith Dinner, and he 0:04:02.920 --> 0:04:05.640 blasted Kamala Harris firm not showing up to the annual 0:04:05.640 --> 0:04:06.640 Catholic charity event. 0:04:07.040 --> 0:04:09.560 My opponent feels like she does not have to be here, 0:04:09.600 --> 0:04:14.200 which is deeply disrespectful to the event and in particular 0:04:14.360 --> 0:04:16.839 to our great Catholic community. 0:04:17.160 --> 0:04:19.440 Vice President Harris did address the event in a brief 0:04:19.560 --> 0:04:22.200 video message. Donald Trump also gave an interview to the 0:04:22.200 --> 0:04:25.320 Catholic news channel e WTN. He said he would consider 0:04:25.360 --> 0:04:28.960 a religious exemption to covering the costs of in vitro fertilization. 0:04:29.480 --> 0:04:32.640 Some conservative Christians are opposed to the fertility procedure. 0:04:32.960 --> 0:04:35.159 Well, let's turn to the markets now, Nathan. We're watching 0:04:35.160 --> 0:04:38.520 shares of Netflix. They're at five point seven percent this morning. 0:04:38.560 --> 0:04:42.080 The streaming giant added more than five million customers last 0:04:42.160 --> 0:04:46.240 quarter and eclipsed to Wall Street's estimates on every major metric. 0:04:46.640 --> 0:04:50.920 Netflix CEO Ted Sarandos was glowing about the company's prospects. 0:04:50.560 --> 0:04:53.000 Looking into twenty twenty five. We're feeling really good about 0:04:53.040 --> 0:04:55.600 the business. We had a plan to reaccelerate growth, and 0:04:55.640 --> 0:04:58.039 we delivered on that plan. You can see that in 0:04:58.040 --> 0:05:01.400 our twenty twenty four financials. Expect to deliver fifteen percent 0:05:01.480 --> 0:05:04.560 revenue growth and six percentage points of operating margin improvement 0:05:05.200 --> 0:05:08.680 and engagement, which we view as our best proxy for 0:05:08.720 --> 0:05:12.360 member happiness because when people watch more, they stick around longer, 0:05:12.440 --> 0:05:13.239 so that's retention. 0:05:13.800 --> 0:05:16.680 And Netflix is ted. Sarando says sales in the third 0:05:16.800 --> 0:05:19.640 quarter grew by fifteen percent and more than nine point 0:05:19.640 --> 0:05:20.800 eight billion dollars. 0:05:20.960 --> 0:05:23.560 Something else we're watching, of course, Karen is Warren Buffett 0:05:23.600 --> 0:05:27.000 continuing to unload shares of Bank of America. Let's get 0:05:27.000 --> 0:05:29.360 the latest on that with Bloomberg's John Tucker. 0:05:29.440 --> 0:05:29.680 John. 0:05:29.680 --> 0:05:31.880 This has been going on for a while and Buffett 0:05:31.880 --> 0:05:33.800 still isn't saying why he's been selling. 0:05:33.880 --> 0:05:35.160 I'm going to guess to make money. 0:05:35.440 --> 0:05:36.560 Oh, that's one way. 0:05:36.640 --> 0:05:37.200 Yeah. 0:05:37.240 --> 0:05:40.200 Buffett's Birchshire Hathaway reaping about three hundred and seventy million 0:05:40.240 --> 0:05:44.440 dollars selling stock this week. This, according to a filing detailing, 0:05:44.480 --> 0:05:48.719 is sixteenth round of disposals since mid July. And this 0:05:48.800 --> 0:05:51.520 is trim Bircher's stake on the second biggest bank to 0:05:51.640 --> 0:05:54.880 nine point nine seven percent, and that number is important. 0:05:54.960 --> 0:05:58.159 Dathan US rules require investors with more than ten percent 0:05:58.200 --> 0:06:00.599 of a stock to disclose trades within a few days. 0:06:00.960 --> 0:06:04.720 The latest filing may let Buffett provide updates less frequently, 0:06:05.160 --> 0:06:08.480 potentially leaving fellow shareholders in the dark for months if 0:06:08.480 --> 0:06:11.560 he sells further. The ninety four year old Buffett hasn't 0:06:11.600 --> 0:06:14.600 commented exactly why he's pulling back from the investment, though 0:06:14.880 --> 0:06:18.440 Thursday's regulatory filing shows Berkshire still remains back of America's 0:06:18.480 --> 0:06:22.159 biggest shareholder, with a stake worth about thirty two point 0:06:22.200 --> 0:06:25.839 six billion dollars. You know your income, John Tucker, Bloomberg Radio. 0:06:26.080 --> 0:06:27.760 All right, John, thank you. We have some good news 0:06:27.760 --> 0:06:31.200 for Apple overseas. Salso, the newest iPhones in China are 0:06:31.279 --> 0:06:33.880 up twenty percent in their first three weeks compared with 0:06:33.960 --> 0:06:36.720 twenty twenty threes model. It's a positive sign for a 0:06:36.760 --> 0:06:39.040 device that struggled this year to gain traction in the 0:06:39.040 --> 0:06:43.000 world's largest smartphone market. The iPhone sixteen made its debut 0:06:43.080 --> 0:06:43.800 in September. 0:06:44.040 --> 0:06:48.400 And we've got some news on the content front this morning, Karen. 0:06:48.440 --> 0:06:52.120 Today marks the launch of the Bloomberg Weekend Edition newsletter. 0:06:52.279 --> 0:06:54.760 Every Friday, we bring you a collection of ideas exploring 0:06:54.760 --> 0:06:59.000 the fascinating places where finance, life, and culture meet. This 0:06:59.040 --> 0:07:01.080 week's Weekend ed dish and features a look at how 0:07:01.160 --> 0:07:06.599 Starbucks became the instagrammable hangout for teens and tweens. Also 0:07:06.600 --> 0:07:10.120 a story about how China's Live Flat generation is choosing 0:07:10.240 --> 0:07:14.360 self care over luxury goods. Get the Weekend Edition newsletter 0:07:14.440 --> 0:07:17.440 on Bloomberg dot com and on the Bloomberg Business app. 0:07:21.160 --> 0:07:22.600 And it is time now for a look at some 0:07:22.640 --> 0:07:24.600 of the other stories making news in New York and 0:07:24.640 --> 0:07:26.720 around the world. And for that we're joined by Bloomberg's 0:07:26.760 --> 0:07:29.200 Michael Barr. Michael, Good Morning, Good Morning, Karen. 0:07:29.240 --> 0:07:31.920 A hearing is scheduled for noon on Monday for the 0:07:31.960 --> 0:07:34.680 man who would have become the first person executed for 0:07:34.720 --> 0:07:38.960 a murder tied to shaken baby syndrome. The Texas Supreme 0:07:39.040 --> 0:07:42.520 Court halt at last night's lethal injection for Robert Roberson, 0:07:42.760 --> 0:07:44.960 who was convicted of killing his two year old daughter, 0:07:45.160 --> 0:07:48.120 Niki in two thousand and two. Critics of his conviction 0:07:48.320 --> 0:07:52.720 say flawed science sent Roberson to death row. Texas Department 0:07:52.720 --> 0:07:56.120 of Criminal Justice spokesperson Amanda hernandez I had. 0:07:55.960 --> 0:07:58.320 The opportunity to go back there to speak with him, 0:07:58.520 --> 0:08:01.559 and he was shocked, to say the least. 0:08:02.480 --> 0:08:04.960 He praise God and he thanked his supporters. 0:08:05.640 --> 0:08:08.960 Republican state Representative Lacy Hull is calling for a new 0:08:09.000 --> 0:08:09.960 trial for Roberson. 0:08:10.320 --> 0:08:13.760 There's so much that has never jurors a jury has 0:08:13.840 --> 0:08:17.880 never heard, and that what we learned in the committee 0:08:17.880 --> 0:08:20.840 hearing was that there is so much that was thrown 0:08:20.880 --> 0:08:23.440 out on hearsay, medical experts, things that were not allowed. 0:08:23.480 --> 0:08:25.400 So he needs a new trial to have all of 0:08:25.400 --> 0:08:26.280 this properly heard. 0:08:26.880 --> 0:08:30.480 Roberson's lawyers argued new evidence suggests Nicki kned of pneumonia 0:08:30.560 --> 0:08:33.880 made worse by medication. There's a call for a major 0:08:33.960 --> 0:08:37.240 shakeup at the Secret Service. As an independent outline top 0:08:37.280 --> 0:08:40.720 to bottom failures that allowed a gunman to open fire 0:08:40.800 --> 0:08:44.239 on former President Donald Trump in July, killing a spectator 0:08:44.240 --> 0:08:47.680 and injuring Trump and others. The panel once new leadership 0:08:47.720 --> 0:08:52.120 from outside the Service. In the blistering fifty two page report, 0:08:52.200 --> 0:08:55.840 a new timeline reveals local officers radio to alert that 0:08:55.960 --> 0:08:59.720 Thomas Crooks was armed and lying down thirty seconds before 0:08:59.760 --> 0:09:03.400 she rang out on the same frequency, but that message 0:09:03.520 --> 0:09:11.160 never made it a Secret Service in Argentina, prosecutors in 0:09:11.200 --> 0:09:14.480 Buenos Aires saying that the circumstances surrounding the death of 0:09:14.600 --> 0:09:18.840 former One Direction singer Liam Payne were suspicious and possibly 0:09:18.880 --> 0:09:21.559 involved drugs. Whoever, there is no sign of a third 0:09:21.600 --> 0:09:25.120 party being involved. Paying thirty one, died on Wednesday. He 0:09:25.160 --> 0:09:27.480 shot the fame as a teenager and grappled with the 0:09:27.520 --> 0:09:31.680 pressures of global stardom. Forensic experts collected evidence a day 0:09:31.720 --> 0:09:35.200 after Payin was found dead in the hotel courtyard after 0:09:35.240 --> 0:09:38.680 plunging from his room on the third floor. Global News 0:09:38.720 --> 0:09:41.240 twenty four hours a day and whenever you want it 0:09:41.280 --> 0:09:44.040 with the Bloomberg News. Now. I'm Michael Barr, and this 0:09:44.480 --> 0:09:45.600 is Bloomberg Karen. 0:09:45.720 --> 0:09:52.400 All right, Michael Barr, thank you time now for the 0:09:52.400 --> 0:09:54.880 Bloomberg Scores update with John Stshauer. 0:09:54.960 --> 0:09:57.640 John, good morning, Good morning, Karen. Thought of a subway 0:09:57.720 --> 0:10:00.600 series not dead yet, but it took us severe beating 0:10:00.640 --> 0:10:02.880 last night, especially with the situation the Mets are now 0:10:02.880 --> 0:10:05.320 in facing the elimination needed and now beat the Dodgers 0:10:05.640 --> 0:10:08.280 three straight times. They've lost to LA three times and 0:10:08.360 --> 0:10:11.720 by a combined score of twenty seven to two. Things 0:10:11.720 --> 0:10:13.600 started quickly at City Field. 0:10:15.160 --> 0:10:19.480 There's a shot right center field and Otni lights the fire. 0:10:19.960 --> 0:10:21.280 He lead off home run. 0:10:22.120 --> 0:10:25.840 Dodgers won Mets nothing in Game four, sports hat. 0:10:25.640 --> 0:10:27.679 And then rookie Betts took over two run double in 0:10:27.720 --> 0:10:30.000 the fourth inning, two run homer in the six, Dodgers 0:10:30.000 --> 0:10:32.720 added three more than ninth one, ten to two, lead 0:10:32.760 --> 0:10:36.160 the series three to one. Mets stranded twelve went zero 0:10:36.200 --> 0:10:38.600 for ten with runners in scoring position. Earlier, it was 0:10:38.720 --> 0:10:42.280 ALCS Game three at high Drama in Cleveland, a routine 0:10:42.440 --> 0:10:44.720 game for seven Anything's Guardians led three to one, and 0:10:44.760 --> 0:10:47.720 then a series of dramatic home runs, two for each team. 0:10:47.760 --> 0:10:50.320 Aaron Judge, John Carlos Stanton back to the back of the 0:10:50.320 --> 0:10:52.319 eighth inning, Judge to tie the game, Stanton to put 0:10:52.320 --> 0:10:55.520 the Yanks ahead. Yankees were one strike from a three 0:10:55.559 --> 0:10:58.160 to nothing series lead when John Kinzi Noel Belt at 0:10:58.200 --> 0:11:00.920 a pinch it game time, two run shot, and inning 0:11:01.000 --> 0:11:04.000 later it was David Frye. Guardians won seven to five, 0:11:04.080 --> 0:11:06.160 trimming the Yankee series lead to two to one. 0:11:06.440 --> 0:11:10.680 Here's Aaron Boone, amazing game to witness. I mean that was, 0:11:11.760 --> 0:11:16.440 you know, playoff baseball. You know, both sides just kept 0:11:16.440 --> 0:11:19.960 coming with haymakers and big, big at bats, big moments 0:11:20.320 --> 0:11:24.080 off of two really good bullpens, and they all lasted us. 0:11:24.080 --> 0:11:26.640 Tonight, another LCS double letter today, this time it's the 0:11:26.679 --> 0:11:29.200 Mets that go first. Game five, starting at five at 0:11:29.240 --> 0:11:32.480 City Field, and it's Game four in Cleveland, NFL. Denver 0:11:32.600 --> 0:11:34.800 sent New Orleans to a fifth rade loss thirty three 0:11:34.840 --> 0:11:37.079 ten Sean Payton beats his former team on the ice 0:11:37.320 --> 0:11:39.480 hat trick for our Temmi Panaraen Rangers won five to 0:11:39.480 --> 0:11:41.959 two at Detroit. Devil's won three one at Ottawa. Islanders 0:11:42.000 --> 0:11:45.600 lost one nothing in Saint Louis. Longtime Virginia basketball coach 0:11:45.640 --> 0:11:48.480 Tony Bennett said to be displeased with the changes in 0:11:48.520 --> 0:11:52.080 college sports, retiring at age fifty five. Won the NCAA 0:11:52.160 --> 0:11:55.920 Tournament in twenty nineteen. John Stashedwer Bloomberg Sports County. 0:11:55.760 --> 0:11:56.319 Nathan. 0:11:58.360 --> 0:12:02.520 Coast to Coast. I'm Bloomberg Radio nationwide on Sirius XM, 0:12:02.600 --> 0:12:05.520 and around the world on Bloomberg dot Com and the 0:12:05.559 --> 0:12:09.840 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:12:09.920 --> 0:12:10.600 Nathan Hager. 0:12:10.679 --> 0:12:13.520 Both Israel and the United States are celebrating the death 0:12:13.679 --> 0:12:17.319 of Hamas leader Yayak Sinwar. Vice president Kamala Harris says 0:12:17.360 --> 0:12:19.400 the world is better off without him. 0:12:19.559 --> 0:12:23.600 Sinwar was responsible for the killing of thousands of innocent people, 0:12:24.160 --> 0:12:28.440 including the victims of October seven and hostages killed in Gaza. 0:12:28.960 --> 0:12:30.360 He had American blood on. 0:12:30.440 --> 0:12:34.480 His hands, and the Vice President says Sinwar's death presents 0:12:34.480 --> 0:12:37.680 an opportunity to bring the war in Gaza to an end, 0:12:37.760 --> 0:12:41.720 but Israel is not declaring victory just yet. For more, 0:12:41.840 --> 0:12:45.079 we are joined by Bloomberg Middle East correspondent Jamana Bursecci, 0:12:45.080 --> 0:12:49.000 the anchor of Bloomberg Horizons with us this morning from Dubai. 0:12:49.880 --> 0:12:54.440 Good morning. Now, with Hamas leaderless and apparently rudderless, where 0:12:54.520 --> 0:12:58.000 could this conflict go from here? Good morning? 0:12:58.760 --> 0:13:01.360 That is the question that everyone seems to be asking today, 0:13:01.520 --> 0:13:05.559 and it really boils down to whether these diplomatic efforts 0:13:05.920 --> 0:13:08.840 are actually going to succeed. And it's pretty apparent that 0:13:08.880 --> 0:13:11.240 in the last twenty four hours, both the President Biden 0:13:11.679 --> 0:13:14.679 Vice President Kamala Harris have seen this as a window 0:13:14.679 --> 0:13:19.040 of opportunity to push forward with those seeswar discussions. The 0:13:19.080 --> 0:13:21.360 Secretary of State Anthony Blincoln is going to be returning 0:13:21.400 --> 0:13:23.600 to the region in the next four to five days 0:13:24.000 --> 0:13:26.600 once more. This would be his eleventh trip since October 0:13:26.640 --> 0:13:30.160 seven to push forward with those negotiations. But of course, 0:13:30.720 --> 0:13:34.240 many questions still remain unanswered. The first is who actually 0:13:34.320 --> 0:13:36.920 will be replacing Yeh Sino? Is it going to be 0:13:36.920 --> 0:13:40.439 an appointee from within Gaza, in which case it complicates 0:13:40.480 --> 0:13:44.520 those seaswar discussions. Or will it be an appointee like 0:13:44.559 --> 0:13:48.120 the likes of Khalid Michal or Khalil Heya, both of 0:13:48.160 --> 0:13:50.640 them residing in Doha, which, as we know Qatar has 0:13:50.640 --> 0:13:53.520 been a key mediator with those seaswar discussions. That could 0:13:53.559 --> 0:13:56.960 help perhaps push them along on the other side as well. 0:13:57.000 --> 0:14:01.320 The question is whether there is enough tomestic pressure on 0:14:01.559 --> 0:14:05.320 the Israeli Prime Minister to actually this time around come 0:14:05.480 --> 0:14:07.960 to a Cesi agreement in order to secure the release 0:14:08.000 --> 0:14:08.719 of hostages. 0:14:09.080 --> 0:14:12.720 How do you get to a ceasefied agreement agreement though Jumana, 0:14:12.920 --> 0:14:15.560 when Yaya sin War was seen as one of the 0:14:15.600 --> 0:14:20.080 key figures at least when the discussions were underway in 0:14:20.280 --> 0:14:25.800 the ceasefire negotiations, and when Hamas at this point doesn't 0:14:25.840 --> 0:14:28.640 have clear leadership, who would they be negotiating with? 0:14:29.120 --> 0:14:34.760 Yeah, that is it. So that I mentioned earlier, Khalil Heya, 0:14:34.920 --> 0:14:38.640 who lives in has been living in Doha, has actually 0:14:38.680 --> 0:14:41.960 been involved in those mediation discussions. So if they wanted 0:14:42.000 --> 0:14:45.240 somebody who is more in the loop of some of 0:14:45.280 --> 0:14:47.680 the background discussions that have been going on, he could 0:14:47.760 --> 0:14:49.880 be one name put forward, but at the same time 0:14:49.960 --> 0:14:53.400 he lacks the seniority and the leadership and the clouds 0:14:53.400 --> 0:14:55.960 that yeah Hinwa had within the party. Don't forget yeahhen 0:14:56.040 --> 0:14:58.840 what has been around for decades now, And yes he 0:14:58.920 --> 0:15:01.800 was the mastermind of oktol over seven. But for many 0:15:02.040 --> 0:15:05.160 within Hamas and even for Iran, he was seen as 0:15:05.360 --> 0:15:08.880 just another figurehead in the so called Axis of resistance. 0:15:09.320 --> 0:15:13.400 And again there have been many eliminations of Hamas leaders 0:15:13.400 --> 0:15:16.440 over the last few years. I'm not specifically talking about 0:15:16.480 --> 0:15:20.000 Ismail Hani, and they've always managed to keep on. The 0:15:20.080 --> 0:15:23.160 group hasn't fully been eliminated. So to come back to 0:15:23.160 --> 0:15:26.680 your question on whether the cees Far discussions can be successful, 0:15:26.720 --> 0:15:30.440 the Israeli Prime Minister has clearly articulated that the war 0:15:30.760 --> 0:15:34.040 in Gaza is not going to stop until Hamas fully 0:15:34.200 --> 0:15:37.520 laid down their arms, and the question for her onwards 0:15:37.960 --> 0:15:40.680 is whether Hamasa under so much duress now that they 0:15:40.720 --> 0:15:42.960 feel that they have no option but to lay down 0:15:43.000 --> 0:15:45.200 their arms and pave the way for a new type 0:15:45.200 --> 0:15:46.400 of governance in Gaza. 0:15:46.720 --> 0:15:48.920 And in the meantime there's the effort as well to 0:15:49.160 --> 0:15:52.800 free the remaining hostages that Hamas is holding in Gaza. 0:15:52.960 --> 0:15:57.120 And the weight for retaliation against Iran over its ballistic 0:15:57.200 --> 0:16:01.080 missile strike earlier this month. Where do all these multiple 0:16:01.120 --> 0:16:02.880 fronts stand in terms of that. 0:16:03.600 --> 0:16:07.920 Yeah, so multiple fronts being engaged in and you also 0:16:08.440 --> 0:16:11.000 didn't mention Lebanon as well. That's the front that has 0:16:11.040 --> 0:16:13.120 really been heating up over the last couple of weeks. 0:16:13.280 --> 0:16:16.680 The latest figure is pointing to over twenty four hundred 0:16:16.720 --> 0:16:21.000 people having been killed since the escalation of that front. 0:16:21.280 --> 0:16:24.440 A ground occursion still taking place, air strikes. We talk 0:16:24.480 --> 0:16:27.440 about air strikes not just around the suburbs of Bea routes, 0:16:27.480 --> 0:16:29.920 but there have been some targeted air strikes in other 0:16:30.040 --> 0:16:33.760 countries as well, in Damascus and Lataquilla, one of the 0:16:33.800 --> 0:16:37.040 coastal cities in Syria. And so it is very clear 0:16:37.440 --> 0:16:42.200 that the Israeli viewpoint at this point in time is 0:16:42.240 --> 0:16:46.920 to go after commanders from all over of this axis 0:16:46.920 --> 0:16:51.160 of resistance and even sending a drone attacks as far 0:16:51.320 --> 0:16:55.280 as Yemen to respond to the Hothies. And this, of course, 0:16:55.320 --> 0:16:57.280 as we all are sitting waiting to see what the 0:16:57.440 --> 0:16:59.520 likely response is going to be to the Iran ballistic 0:16:59.600 --> 0:17:02.800 missile that happened on October the first we've been talking 0:17:02.840 --> 0:17:05.600 about the various reports that have come out suggesting that 0:17:06.320 --> 0:17:09.560 the Israeli response is likely to be centered on hitting 0:17:09.720 --> 0:17:13.960 military infrastructure and perhaps individual senior commanders as opposed to 0:17:13.960 --> 0:17:16.840 going after oil infrastructure. But none of us are really 0:17:16.880 --> 0:17:19.320 privy to the conversations that are going on here, and 0:17:19.400 --> 0:17:22.879 so it remains to be seen as to whether Israel 0:17:23.000 --> 0:17:27.160 want to escalate with the view of this getting expanded, 0:17:27.200 --> 0:17:29.719 or the conflic getting expanded even further, or as they 0:17:29.760 --> 0:17:31.560 have been saying the last couple of months, escalate with 0:17:31.560 --> 0:17:32.640 the view of de escalation. 0:17:33.000 --> 0:17:35.560 Only about a minute left Jumana. But prior to Yaja 0:17:35.640 --> 0:17:37.600 sin War's death, there was a lot of pressure being 0:17:37.680 --> 0:17:41.960 laid on Israel to improve the humanitarian situation in Gauza. 0:17:42.080 --> 0:17:45.480 The letter from Secretary of State Blincoln and Defense Secretary 0:17:45.600 --> 0:17:48.200 Lloyd Austin. Where does that stand now? 0:17:49.000 --> 0:17:51.439 Yeah, So there has been efforts on the part of 0:17:51.440 --> 0:17:54.320 the US not only to push forward on the CESPAR discussions, 0:17:54.320 --> 0:17:57.720 but also to help from a humanitarian perspective as well. 0:17:57.800 --> 0:18:00.320 The US. That letter that was released a couple of 0:18:00.359 --> 0:18:03.680 days ago indicated that the US are threatening to withhold 0:18:03.680 --> 0:18:07.880 military aid if the humanitarian situation doesn't improve and more 0:18:07.920 --> 0:18:12.200 trucks and a trucks are not allowed or have been 0:18:12.280 --> 0:18:15.960 blocked access from entering into the gaza strips. So it 0:18:16.040 --> 0:18:19.200 is likely that more humanitarian aid will be coming through. 0:18:19.760 --> 0:18:21.680 But at the end of the day, you're still looking 0:18:21.720 --> 0:18:24.919 at a situation where ninety percent of the population displaced 0:18:24.960 --> 0:18:29.720 without access to key supplies, medicine, food. The similar situation 0:18:29.760 --> 0:18:31.240 is playing out in Lebanon with a quarter of the 0:18:31.280 --> 0:18:35.080 population displaced, and even in Lebanon, where the conflict has 0:18:35.119 --> 0:18:38.080 only been going on really in this intensity the past month, 0:18:38.600 --> 0:18:41.840 the first case of cholera has been reported in years. 0:18:41.960 --> 0:18:46.639 As there again rations and medical supplies and access to food, 0:18:46.800 --> 0:18:48.640 it is becoming increasingly more difficult. 0:18:49.160 --> 0:18:51.720 Thank you Jamana for the time this morning. Jamana Bursecci, 0:18:51.760 --> 0:18:55.520 anchor of Bloomberg Horizons with us this morning from Dubai. 0:18:56.000 --> 0:18:58.359 Now we want to turn to the main market story 0:18:58.359 --> 0:19:00.879 of the morning, and earnings beat pretty much across the 0:19:00.920 --> 0:19:04.280 board for Netflix, the streaming giant added even more subscribers 0:19:04.320 --> 0:19:07.440 than analysts expected, beat every major metric in a quarter 0:19:07.480 --> 0:19:09.400 that still felt some of the after effects of last 0:19:09.440 --> 0:19:11.719 year's strikes in Hollywood. Joining us for more on that 0:19:11.840 --> 0:19:15.280 is Bloomberg's Critty Gupta Critty, good morning. I guess maybe 0:19:15.280 --> 0:19:19.000 we haven't reached peak Netflix just yet. Not quite. 0:19:19.359 --> 0:19:21.320 It's an interesting one this time around because it kind 0:19:21.359 --> 0:19:23.920 of feels like it's quality of these results, not quantity. 0:19:23.960 --> 0:19:25.720 And I'll tell you what I mean here in terms 0:19:25.720 --> 0:19:27.840 of these numbers. When we look at Netflix, we tend 0:19:27.880 --> 0:19:29.960 to go off subscriber numbers, and I think that might 0:19:30.000 --> 0:19:33.080 be the wrong approach this time five million subscribers added 0:19:33.080 --> 0:19:35.119 five point zero seven to be exact. Now, that is 0:19:35.240 --> 0:19:37.119 higher than the estimates, but if you compare that to 0:19:37.200 --> 0:19:40.160 a year ago, it was eight point seven to six million, 0:19:40.200 --> 0:19:43.359 So year over year that growth is actually slowing down. 0:19:43.400 --> 0:19:46.200 That being said, the kind of best part of these 0:19:46.280 --> 0:19:48.680 numbers is what's happening underneath the hood, and it's all 0:19:48.720 --> 0:19:51.720 about pricing power. Nathan, this is really interesting. We know 0:19:51.800 --> 0:19:54.399 the password crackdown has been a very big piece of it, 0:19:54.480 --> 0:19:57.320 and because there has been that crackdown, it's really spurred 0:19:57.320 --> 0:20:00.639 this new increase in subscriptions. But then you have to 0:20:00.640 --> 0:20:03.920 look abroad. So much of Netflix's numbers are also going 0:20:03.960 --> 0:20:06.760 to be coming from new subscribers, not within the United 0:20:06.760 --> 0:20:10.600 States but elsewhere. And as they capture them, charging them 0:20:10.600 --> 0:20:13.800 a higher rate of that subscription, and especially getting into 0:20:13.840 --> 0:20:16.000 those kind of different AD tiers, and that's where a 0:20:16.040 --> 0:20:17.320 lot of that growth is coming from. 0:20:17.480 --> 0:20:19.840 Interesting because there was a lot of thought that the 0:20:20.080 --> 0:20:24.000 AD tiers were going to lower pricing power. Does that 0:20:24.080 --> 0:20:27.919 mean that there is still growth potential in the ad 0:20:28.040 --> 0:20:29.840 side of Netflix's business. 0:20:30.280 --> 0:20:31.639 It kind of seems like it. I'll give you a 0:20:31.640 --> 0:20:34.679 stat here, So when you look at the six ninety 0:20:34.760 --> 0:20:38.639 nine dollars a month AD supported tier, it's largely in 0:20:38.720 --> 0:20:41.680 late twenty twenty two, but it looks like that's maybe 0:20:41.680 --> 0:20:43.760 where most of the growth is happening because half of 0:20:43.800 --> 0:20:47.359 their new subscribers is where the AD tier is sold. 0:20:48.160 --> 0:20:51.439 For the membership it rows thirty five percent within that 0:20:51.520 --> 0:20:53.399 tier itself. So that's a pretty big deal for the 0:20:53.440 --> 0:20:55.400 third quarter. And it kind of feels like people are 0:20:55.400 --> 0:20:57.160 willing at the end of the day to say, all right, 0:20:57.200 --> 0:20:58.720 we'll watch an AD as long as we don't have 0:20:58.760 --> 0:21:01.520 to pay those higher prices. But yet again, look at 0:21:01.520 --> 0:21:04.719 some of the markets that Netflix is adding those higher prices. 0:21:04.760 --> 0:21:08.000 It's Japan, it's Spain, it's Italy. A lot of the 0:21:08.040 --> 0:21:11.040 countries in the world where maybe there might be a 0:21:11.080 --> 0:21:13.919 turn and perception in terms of buying power. It's kind 0:21:13.920 --> 0:21:17.159 of interesting that Netflix is getting and early indicator of that. 0:21:17.480 --> 0:21:20.359 Does that raise the question then about whether growth has 0:21:20.440 --> 0:21:22.600 peaked in the US and could that be a big 0:21:22.640 --> 0:21:24.520 deal going down the line for Netflix. 0:21:24.960 --> 0:21:26.919 So in the US, it's a little bit different because 0:21:27.200 --> 0:21:29.680 it kind of feels like content is what's driving that story. 0:21:29.680 --> 0:21:30.879 I mean, Nathan, if you think we could have a 0:21:30.880 --> 0:21:33.520 whole conversation on what we're watching on Netflix at the moment, 0:21:33.800 --> 0:21:35.680 but we know that a couple of years ago, one 0:21:35.680 --> 0:21:38.600 of the big criticisms of these studios was simply this 0:21:38.680 --> 0:21:41.520 idea that the content isn't coming fast enough. We're binging 0:21:41.720 --> 0:21:44.280 and the studios are taking longer. The Hollywood strikes putting 0:21:44.320 --> 0:21:46.800 delays in people's favorite shows. But as long as you 0:21:46.880 --> 0:21:49.560 have that new pipeline, that seems to be where the 0:21:49.720 --> 0:21:52.880 US audience is more attracted simply because they're getting their 0:21:53.440 --> 0:21:55.560 hands on it. So, in addition to some of these 0:21:55.920 --> 0:21:57.840 kind of earning stories as well, the fact that they 0:21:58.400 --> 0:22:02.440 haven't been impeded as much as expected by those Hollywood strikes, 0:22:02.440 --> 0:22:04.240 that as a positive for the US audience. 0:22:04.480 --> 0:22:07.920 This is Bloomberg Daybreak, your morning podcast on the stories 0:22:08.000 --> 0:22:11.040 making news from Wall Street to Washington and beyond. 0:22:11.280 --> 0:22:13.680 Look for us on your podcast feed by six am 0:22:13.720 --> 0:22:17.119 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:22:17.320 --> 0:22:20.160 You can also listen live each morning starting at five 0:22:20.200 --> 0:22:22.920 am Wall Street Time on Bloomberg eleven three to zero 0:22:22.920 --> 0:22:25.840 in New York, Bloomberg ninety nine to one in Washington, 0:22:25.880 --> 0:22:29.840 Bloomberg ninety two nine in Boston, and nationwide on serious 0:22:30.040 --> 0:22:31.760 XM Channel one twenty one. 0:22:32.000 --> 0:22:34.720 Plus listen coast to coast on the Bloomberg Business app 0:22:34.760 --> 0:22:37.600 now with Apple CarPlay and Android auto interfaces. 0:22:37.800 --> 0:22:40.840 And don't forget to subscribe to Bloomberg News Now. It's 0:22:40.840 --> 0:22:43.560 the latest news whenever you want it in five minutes 0:22:43.680 --> 0:22:46.800 or less. Search Bloomberg News Now and your favorite podcast 0:22:46.800 --> 0:22:51.000 platform to stay informed all day long. I'm Karen Moscow. 0:22:50.760 --> 0:22:53.280 And I'm Nathan Hager. Join us again tomorrow morning for 0:22:53.359 --> 0:22:55.280 all the news you need to start your day right 0:22:55.280 --> 0:23:04.600 here on Bloomberg Daybreak. 0:23:02.640 --> 0:23:02.680 The