Gaza Strikes Intensify; Humanitarian Windows Open; Powell Upends Bond Market
On today's podcast:
1) Israeli struck outpatient clinics of Al-Shifa Medical complex in Gaza City, Palestine Authority radio reports. The Israeli military has said that Hamas’s main military headquarters is located underground near Al-Shifa and has told the hospital to evacuate patients.
2) Federal Reserve Chair Jerome Powell said the US central bank will continue to move carefully but won’t hesitate to tighten policy further if needed to contain inflation.
3) West Virginia Senator Joe Manchin announced Thursday he won’t seek reelection, a blow to Democrats’ prospects for keeping the Senate majority in 2025.
4) Industrial & Commercial Bank of China’s US unit had been hit by a cyberattack, rendering it unable to clear swathes of US Treasury trades after entities responsible for settling the transactions swiftly disconnected from the stricken systems. That forced ICBC to send the required settlement details to those parties by a messenger carrying a thumb drive as the state-owned lender raced to limit the damage.
5) Chicago Bears take down the Carolina Panthers in Thursday Night Football
Full transcript:
Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen, the latest on the Israel Hamas war. Israel says it's struck back at an organization from Syria. The target at a school in the southern city of Ailat with a drone. Meanwhile, the White House is confirmed Israel's agreed to four hour daily humanitarian pauses in northern Gaza to allow civilians to flee, but Mark Regev, who advises Israel's Prime Minister, says it's not a ceasefire. We will continue this operation until we have destroyed Harmasa's military machine. The idea of a humanitarian pause is in a specific place, for a specific time, to help the civilian population who are not the target of our operation on the country. We want to see the move out of Hamsway. That was Benjamin Natanyahu advisor Mark Regev meantime. A short time ago, Palesidine Authority Radio reported that Israel's forces struck outpatient clinics of a medical complex in Gaza City. Israel's military says the main military headquarters of Hamas are located underground near that hospital, and had they told the hospital to evacuate patients, well, Nathan, we turn now to news that still making waves in Washington. A Democrat, Joe Mansion of West Virginia, stepping away from Capitol Hill. I will not be running for re election to the United States Senate, but what I will be doing is traveling the country and speaking out to see if there is an interest in creating a movement to mobilize the middle and bring Americans together. Senator Manchin is an honorary original honorary co share of No Labels, the centrist group that's now working on a possible third party presidential campaign. Bloomberg's Wendy Benjamin Sin has more from Washington. If he does go for an independent or third party run, that's going to make it very, very difficult, because the people who feel that Biden may have gone too far to the left, or is too old, or all the other things are looking at this guy a true old soele conservative Democrat. Bloomberg's Wendy Benjamin Sin notes mansion still has eleven point three million dollars in a Senate reelection campaign that he could use in a presidential run. Well, politics has Washington's focus. Karen Summer, President Biden's cabinet have headed West Finance. Leaders of the US and China have begun talks setting the groundwork for the Biden she meeting next week at the Asia Pacific Economic Cooperation Summit. Bloomberg's Ed Baxter has the story from San Francisco. Treasury Secretary Janet Yellen meets again today here in San Francisco with Chinese Vice Premier Hu LaFong. She is saying the US has no design to break economic ties with China, but these two day meetings are aimed at making progress on a slew of economic issues before the heads of state sit down. China's main concerns in the supply chains in high tech, the US focusing on fair competition in tech, as well as freedoms and the issue of Taiwan. In San Francisco, I'm at Baxter Bloomberg Radio. All right, ed, thanks, So we turned to the markets now, and stocks are coming off their first drop in eight sessions. That declines came after FED Chair J Powell warrant interest rates may have to climb further. If it becomes appropriate to tighten policy further, we will not hesitate to do so. We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data and the risk of overtightening. On the same day Powell spoke, Richmond FED President Thomas Barkin said the US economy still has not felt the full effect of past interest rate increases. I think there's more lag to come from hikes. I'm not sure that you know that's everybody's view, but that's that's certainly my view. I also believe that there's inflation is going to take longer to settle than the more optimistic forecast that you might see. And the economy is also in focus in Europe. The UK economy flatlined in the third quarter, defying forecasts of a small contraction and ensuring a recession is avoided this year. GDP was unchanged from q two. Economists surveyed by Bloomberg forecast a tenth of one percent decline on average. Well. In other news this morning, Nathan the world's largest bank, has been hit by a cyber attack. The incident caused the US unit of the Industrial and Commercial Bank of China to reroot some treasury trades and may get more from Bloomberg's reshound Salamad in Hong Kong. The hack forced clients to reroot transactions. A large number of trades in US treasuries were prevented from being cleared. It left brokers and traders scrambling to US as the extent of the impact of the cyber attack. There are reports of liquidity being affected, and speculation continues to mount that the issues were a cattle for a very poor oaction of thirty year bonds. So to say, ICBC allerted clients that trading was being impacted. ICBC as seti hight cybersecurity for a mandant and has been offered assistance from the FBI in Hong Kong. I'm Rishard Salomit Bloomberg Radio Oka, rish thank you staying in Asia. The final day of the Bloomberg New Economy Forum in Singapore has wrapped up. Climate change was a major focus. We caught up with US Special Presidential Envoy for Climate John Kerry. People are well aware of how critical the situation is. Mother Nature has been sending us massive messages in the last years. We know we have to reduce the emissions. We know that the costs of not doing so will be much greater than the cost of doing so. And Special Climate Envoy John Kerrey praise the Inflation Reduction Act for attracting green investment to help fight climate change. Well, Nathan, let's check out some stocks on the move this morning. Shares a Biagio down more than eleven percent, the maker of Johnny Walker and Smeirnov Vodka issuing a profit warning because of a steep slowdown in Latin America. Shares of Plug Power They're plunging down more than twenty nine percent in early trading. The company reported revenue well below estimates. S and P futures are little changed right now up a point. Futures up two tents of one percent, a gain of sixty points. In NASTAC futures are lower by two tenths of one percent. That's a decline of twenty seven points. Tenure Treasury is down three thirty seconds, for a yield of four point sixty three percent. This is Bloomberg. All right, Nathan, thanks time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's John Tucker. John, Good morning, Good morning, Karen. The FBI investigating potentially deadly attacks on election offices in five states, bombing some letters laced with fencanyl. The letters were sent to Nevada, California, at Georgia, Oregon, at Washington State. The Fulton County, Georgia Board of Commissioners chairman is Rob Pitts. Crazy people out there who will go to any extreme to disrupt, interrupt, fair, open, transparent elections in our country and specifically here in Fulton County. Officials are calling it domestic terrorism. They're only seven days until the government could face yet another shutdown. More in that story from Washington and Bloomberg. Steve Potis Congress needs to approve a budget that would keep the government funded through the rest of the year, but there are already some divisions among Republicans as to how that may happen. Democrats also say they wouldn't accept certain cuts to social programs, and the White House says that some of the bills Republicans are proposing would cut funds to law enforcement. White House Deputy Press Secretary Olivia Dalton says the time is running out and House Republicans should stop playing political games and follow the lead of the Senate by getting to work on bipartisan bills. Steve Potisk Bloomberg Radio. President Biden was in the Illinois Thursday congratulating union auto workers taking a victory lap after they won a new contract. The President reminding those workers he joined them on the picket line, and Donald Trump did not. I stood and other stood with his shoulder and shoulder on that picket line. My predecessor went to a non union shop and attacked. I hope you says, so. I hope you guys have a memory where I come from. It matters. Mister Biden was the first president in history to join workers on the picket line. The nation's first openly gay governor, looking to re enter politics nearly twenty years after he left former New Jersey Governor Jim McGreevy, announcing Thursday he'll seek the mayor's office in Jersey City in twenty twenty five. He announced in August two thousand and four he was a gay American and acknowledged having an extramarital affair with the male staffer he resigned that year. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this he is Bloomberg Karen. All right, John, thank you well. We bring you news throughout the day right here on Bloomberg Radio. But now as you can get the latest news on demand whenever you wanted, subscribe to Bloomberg News Now to get the latest headlines at the 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. Time now for the Bloomberg Sports Update. Here's John Stash Hour, John Karen. The Thursday night game to kick off Week ten in the NFL. Not much of a game. Carolina Panthers have only won once all season. Chicago Bears came in having won only twice. Panthers got a seventy nine yard aquartment through the first quarter, but it is their only touchdown, and the Bears got one in the third quarter to take their first lead. Chicago won sixteen thirteen, and this helps the Bears get the first pick of the draft because they own Carolina's pick as a result of the trade of the two teams swung just before last year's draft when the Panthers moved up, and we're able to get the first overall pick and take quarterback Pryce Young NBA in Mexico City. Good one. We treated Atlanta and Orlando gray seabasket. Craig goes underde Ls at the corner. Dejante Let's take away just three Foma books take the lead ten twenty tenswoey tea that the final Hawks radio the Caltre Young forty one points in the victory. Gianna's Sun to the Cup reported in fifty four points but had two late turnovers, and Milwaukee blew a ten point fourth quarter lead and lost at Indiana one twenty six till one twenty four Celtics are home tonight to play in the Brooklyn Nets. The Wizards host Charlotte. The Warriors don't play until Saturday, when they take on Cleveland. Bruins. Hot Start continues the hat trick for Charlie Coyle in a five to two win over the New York Islanders. Rangers Hot Start with their tenth win. They beat Minnesota four to one. Connor Bdard, the young star for Chicago, two goals to assist his best game. Blackhawks beat Tampa Bay five to three. The player of the air at women's college basketball, Caitlin Clark forty four points in Iowa season openings win. John Stanshaware Bloomberg Sports, Karen all right, John, thank you well. Straight ahead on Bloomberg Daybreak, we're going to get the very latest out of Israel. We'll be speaking with the Bloombergs Kalite Allstein in Tel Aviv. And ahead of that conversation, SNP futures are little change down, futures up a tenth of up percent. NASDAK future is down two tenths of up percent. Ten year treasury down four thirty seconds, the yeal four point sixty four percent, and the yield on the two year is at five point two percent. Nimex screwed oil up eight tenths of up percent. And this is Bloomberg from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syria's exam the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We want to get you caught up now on the war in the Middle East. We've seen more strikes into Syria as Israel continues its advances on Hamas in Gaza, and Israel's military now says it has agreed to quick humanitarian windows to allow people to flee the fighting in northern Gaza. For the very latest, we are joined now from Tel Aviv by Bloomberg News Economy and Government reporter for Israel, Kalie alstein Ghalid. Thanks for being with us. As always, I want to start off with this latest report that we're hearing, I think from Palestine Authority Radio about Israeli strikes on an out patient clinic in Gaza City. What more do we know? All right? Hi, Good morning, Nathan, so on the ground in Gaza Israeli army, as we know, has been operating at the heart of Kaza City over the past several days, and now we have been hearing more and more reports from the Palestinian side that some of these Israeli forces are approaching hospitals. So, as you mentioned, we heard the report from the Palestinian Authority radio that says that dozens were killed and wounded from an Israeli strike on outpatient clinics at Al Shifa Medical Complex in Gaza City. And we also hear Hamas saying that there are Israeli tanks in the vicinity of three different hospitals in northern Gaza, and these are different hospitals, Alvan Tisci, Al Nassel and Al Ajun Hospital, and the director of one of these hospitals, the Children's Hospital, issues a comment saying we've been surrounded in the hospital since yesterday and IDF vehicles are stationed around the hospital. We cannot provide even the slightest medical services, so that's what this hospital director is saying. Now, all these statements have not yet been confirmed by the IDEF, but I think we can probably definitely not probably expect more to come on that. But the Israeli military has said made some comments about potential targets in that area. What is the Israeli military saying about that? So, the Israeli military has been saying for a while that Hamas command centers are positioned underground beneath some of these hospitals. They've mainly focused on Al Shifa Hospital, and they've also presented some evidence the idea that they said was back by the US and the UK intelligence agencies. They've shown evidence that command centers of Kama's opposition beneath Al Shifa Hospital, and they say this is not the only hospital where this is happening. So that is why we are getting these reports of army, Israeli army forces surrounding these hospitals probably and this is coming after Israel's military confirmed US reports that there was an agreement on humanitarian windows in the fighting. What more do we know about that? Right? So, I think we're basically seeing a similar dynamic over the last couple of days with Israel providing humanitarian windows to allow people to flee in northern Gaza, and the IDF estimates that between fifty to one hundred thousand people have exited northern Gaza, over the last few days, with the total of almost some nine hundred thousand leaving the area since fighting began. And this is an area that usually occupies more than a million people, so that would mean that most people, according to the Ideas have left. At the same time as these people moved to the safe zones in the south of Gaza, we still see a modest number of eight trucks, that's how the UN describes it coming in from Egypt sixty five days. Trucks came in yesterday and the need is for at least one hundred trucks some day. That's what the UN said. And I think another interesting point to mention Nathan on what's coming and how long this fighting will take. We hear something on that from Israeli Prime Minister Benjaminitaniao who gives them an interview to Fox News tonight, and he says, well, it has taken a little longer than I had hoped, and he explained that this is taking longer on account of battle conditions on the ground and the safety of Ideas troops that Israel is obviously concerned with, and also getting out the hostages that they're in there. And he does admit that this is affecting the time that this operation is taking and just quickly about last thirty seconds scale. Does this say anything these comments from Nats on Yahoo about the impact that diplomacy has had on the Israeli side, Well, you know, Nathaniel denies that that Israel's agreed to any kind of ceasefire, so that hasn't been agreed upon yet. He also talks about these humanitarian fathers and he does give us a hint on the very interesting question of what will happen in the day after, and this is also associated with diplomatic talks, and he says that we'll have to find a government, the civilian government that will be there, but in the foreseeable future, we will have to make sure that this doesn't happen again. He is referring to the ectoty seven attacks. So we have to have a credible force that, if necessary, will enter godt the killers. That's from what he calls you, Homas Wilson. This is Bloomberg Daybreak Today, your morning brief on the stories 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 six to one in Boston, and Bloomberg ninety 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, seriusxmb iHeartRadio 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. He
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Bloomberg is now on your dashboard with Apple CarPlay and 0:00:03.640 --> 0:00:04.600 Android Auto. 0:00:04.800 --> 0:00:08.080 It's free with the latest version of the Bloomberg Business App. 0:00:08.280 --> 0:00:12.080 It gives you access to every Bloomberg podcast, live audio 0:00:12.080 --> 0:00:15.159 feeds from Bloomberg Radio, plus hear the latest headlines at 0:00:15.160 --> 0:00:17.360 the click of a button with Bloomberg News. 0:00:17.440 --> 0:00:17.760 Now. 0:00:18.079 --> 0:00:20.600 That's the Bloomberg Business App. Get it on your phone 0:00:20.600 --> 0:00:23.160 in the Apple App Store or on Google Play. 0:00:23.600 --> 0:00:25.840 Just download the app, connect your phone to your car, 0:00:26.000 --> 0:00:29.720 and get started. It's presented by our sponsor, Interactive Brokers. 0:00:32.400 --> 0:00:33.760 Good morning, I'm Nathan. 0:00:33.520 --> 0:00:36.480 Hager and I'm Karen Moscow. Here are the stories we're 0:00:36.520 --> 0:00:37.320 following today. 0:00:37.640 --> 0:00:39.720 Karen, the latest on the Israel Hamas war. 0:00:39.920 --> 0:00:43.159 Israel says it's struck back at an organization from Syria. 0:00:43.200 --> 0:00:45.040 The target at a school in the southern city of 0:00:45.120 --> 0:00:48.080 Ailat with a drone. Meanwhile, the White House is confirmed 0:00:48.120 --> 0:00:52.000 Israel's agreed to four hour daily humanitarian pauses in northern 0:00:52.040 --> 0:00:55.360 Gaza to allow civilians to flee, but Mark Regev, who 0:00:55.360 --> 0:00:58.560 advises Israel's Prime Minister, says it's not a ceasefire. 0:00:58.880 --> 0:01:02.200 We will continue this operation until we have destroyed Harmasa's 0:01:02.240 --> 0:01:05.360 military machine. The idea of a humanitarian pause is in 0:01:05.360 --> 0:01:07.840 a specific place, for a specific time, to help the 0:01:07.840 --> 0:01:10.959 civilian population who are not the target of our operation 0:01:11.160 --> 0:01:12.880 on the country. We want to see the move out 0:01:12.880 --> 0:01:13.479 of Hamsway. 0:01:13.760 --> 0:01:16.760 That was Benjamin Natanyahu advisor Mark Regev meantime. A short 0:01:16.800 --> 0:01:20.320 time ago, Palesidine Authority Radio reported that Israel's forces struck 0:01:20.360 --> 0:01:25.200 outpatient clinics of a medical complex in Gaza City. Israel's 0:01:25.240 --> 0:01:29.000 military says the main military headquarters of Hamas are located 0:01:29.120 --> 0:01:33.280 underground near that hospital, and had they told the hospital 0:01:33.319 --> 0:01:35.760 to evacuate patients. 0:01:35.440 --> 0:01:37.920 Well, Nathan, we turn now to news that still making 0:01:37.959 --> 0:01:41.640 waves in Washington. A Democrat, Joe Mansion of West Virginia, 0:01:41.800 --> 0:01:43.360 stepping away from Capitol Hill. 0:01:43.640 --> 0:01:45.800 I will not be running for re election to the 0:01:45.880 --> 0:01:49.160 United States Senate, but what I will be doing is 0:01:49.240 --> 0:01:52.400 traveling the country and speaking out to see if there 0:01:52.440 --> 0:01:55.280 is an interest in creating a movement to mobilize the 0:01:55.320 --> 0:01:57.320 middle and bring Americans together. 0:01:57.880 --> 0:02:02.080 Senator Manchin is an honorary original honorary co share of 0:02:02.120 --> 0:02:04.640 No Labels, the centrist group that's now working on a 0:02:04.680 --> 0:02:08.760 possible third party presidential campaign. Bloomberg's Wendy Benjamin Sin has 0:02:08.800 --> 0:02:09.799 more from Washington. 0:02:10.000 --> 0:02:12.640 If he does go for an independent or third party run, 0:02:13.480 --> 0:02:16.040 that's going to make it very, very difficult, because the 0:02:16.080 --> 0:02:18.280 people who feel that Biden may have gone too far 0:02:18.400 --> 0:02:20.960 to the left, or is too old, or all the 0:02:21.000 --> 0:02:23.959 other things are looking at this guy a true old 0:02:24.000 --> 0:02:25.320 soele conservative Democrat. 0:02:25.680 --> 0:02:29.280 Bloomberg's Wendy Benjamin Sin notes mansion still has eleven point 0:02:29.360 --> 0:02:32.160 three million dollars in a Senate reelection campaign that he 0:02:32.200 --> 0:02:33.919 could use in a presidential run. 0:02:34.160 --> 0:02:38.000 Well, politics has Washington's focus. Karen Summer, President Biden's cabinet 0:02:38.080 --> 0:02:41.000 have headed West Finance. Leaders of the US and China 0:02:41.120 --> 0:02:43.800 have begun talks setting the groundwork for the Biden she 0:02:43.960 --> 0:02:47.600 meeting next week at the Asia Pacific Economic Cooperation Summit. 0:02:47.840 --> 0:02:50.440 Bloomberg's Ed Baxter has the story from San Francisco. 0:02:50.840 --> 0:02:53.840 Treasury Secretary Janet Yellen meets again today here in San 0:02:53.880 --> 0:02:58.480 Francisco with Chinese Vice Premier Hu LaFong. She is saying 0:02:58.560 --> 0:03:02.200 the US has no design to break economic ties with China, 0:03:02.280 --> 0:03:05.320 but these two day meetings are aimed at making progress 0:03:05.360 --> 0:03:08.239 on a slew of economic issues before the heads of 0:03:08.320 --> 0:03:11.840 state sit down. China's main concerns in the supply chains 0:03:11.880 --> 0:03:15.320 in high tech, the US focusing on fair competition in tech, 0:03:15.360 --> 0:03:18.919 as well as freedoms and the issue of Taiwan. In 0:03:18.960 --> 0:03:21.400 San Francisco, I'm at Baxter Bloomberg Radio. 0:03:21.600 --> 0:03:23.520 All right, ed, thanks, So we turned to the markets now, 0:03:23.560 --> 0:03:26.200 and stocks are coming off their first drop in eight sessions. 0:03:26.200 --> 0:03:29.600 That declines came after FED Chair J Powell warrant interest 0:03:29.720 --> 0:03:31.240 rates may have to climb further. 0:03:31.680 --> 0:03:34.720 If it becomes appropriate to tighten policy further, we will 0:03:34.760 --> 0:03:38.400 not hesitate to do so. We will continue to move carefully, however, 0:03:38.680 --> 0:03:41.880 allowing us to address both the risk of being misled 0:03:42.080 --> 0:03:44.440 by a few good months of data and the risk 0:03:44.520 --> 0:03:45.360 of overtightening. 0:03:45.600 --> 0:03:48.560 On the same day Powell spoke, Richmond FED President Thomas 0:03:48.640 --> 0:03:51.840 Barkin said the US economy still has not felt the 0:03:51.960 --> 0:03:54.640 full effect of past interest rate increases. 0:03:54.960 --> 0:03:57.680 I think there's more lag to come from hikes. I'm 0:03:57.680 --> 0:04:02.200 not sure that you know that's everybody's view, but that's that's. 0:04:02.040 --> 0:04:02.839 Certainly my view. 0:04:03.440 --> 0:04:06.560 I also believe that there's inflation is going to take 0:04:06.600 --> 0:04:10.280 longer to settle than the more optimistic forecast that you 0:04:10.360 --> 0:04:11.080 might see. 0:04:11.880 --> 0:04:14.320 And the economy is also in focus in Europe. The 0:04:14.400 --> 0:04:17.680 UK economy flatlined in the third quarter, defying forecasts of 0:04:17.680 --> 0:04:21.120 a small contraction and ensuring a recession is avoided this year. 0:04:21.160 --> 0:04:25.040 GDP was unchanged from q two. Economists surveyed by Bloomberg 0:04:25.080 --> 0:04:27.640 forecast a tenth of one percent decline on average. 0:04:27.880 --> 0:04:28.080 Well. 0:04:28.080 --> 0:04:31.080 In other news this morning, Nathan the world's largest bank, 0:04:31.120 --> 0:04:33.920 has been hit by a cyber attack. The incident caused 0:04:33.960 --> 0:04:36.640 the US unit of the Industrial and Commercial Bank of 0:04:36.760 --> 0:04:40.200 China to reroot some treasury trades and may get more 0:04:40.240 --> 0:04:42.480 from Bloomberg's reshound Salamad in Hong Kong. 0:04:42.839 --> 0:04:46.640 The hack forced clients to reroot transactions. A large number 0:04:46.680 --> 0:04:49.880 of trades in US treasuries were prevented from being cleared. 0:04:50.080 --> 0:04:52.719 It left brokers and traders scrambling to US as the 0:04:52.800 --> 0:04:55.320 extent of the impact of the cyber attack. There are 0:04:55.360 --> 0:04:58.520 reports of liquidity being affected, and speculation continues to mount 0:04:58.560 --> 0:05:01.359 that the issues were a cattle for a very poor 0:05:01.400 --> 0:05:04.679 oaction of thirty year bonds. So to say, ICBC allerted 0:05:04.680 --> 0:05:08.800 clients that trading was being impacted. ICBC as seti hight 0:05:08.880 --> 0:05:12.200 cybersecurity for a mandant and has been offered assistance from 0:05:12.240 --> 0:05:16.040 the FBI in Hong Kong. I'm Rishard Salomit Bloomberg. 0:05:15.720 --> 0:05:18.520 Radio Oka, rish thank you staying in Asia. The final 0:05:18.600 --> 0:05:21.120 day of the Bloomberg New Economy Forum in Singapore has 0:05:21.160 --> 0:05:21.680 wrapped up. 0:05:21.839 --> 0:05:24.359 Climate change was a major focus. We caught up with 0:05:24.480 --> 0:05:27.599 US Special Presidential Envoy for Climate John Kerry. 0:05:27.960 --> 0:05:32.200 People are well aware of how critical the situation is. 0:05:32.839 --> 0:05:36.039 Mother Nature has been sending us massive messages in the 0:05:36.080 --> 0:05:39.560 last years. We know we have to reduce the emissions. 0:05:39.960 --> 0:05:43.400 We know that the costs of not doing so will 0:05:43.440 --> 0:05:45.440 be much greater than the cost of doing so. 0:05:46.520 --> 0:05:49.599 And Special Climate Envoy John Kerrey praise the Inflation Reduction 0:05:49.640 --> 0:05:52.880 Act for attracting green investment to help fight climate change. 0:05:53.120 --> 0:05:55.240 Well, Nathan, let's check out some stocks on the move 0:05:55.320 --> 0:05:58.520 this morning. Shares a Biagio down more than eleven percent, 0:05:58.640 --> 0:06:02.359 the maker of Johnny Walker and Smeirnov Vodka issuing a 0:06:02.480 --> 0:06:06.000 profit warning because of a steep slowdown in Latin America. 0:06:06.120 --> 0:06:09.760 Shares of Plug Power They're plunging down more than twenty 0:06:09.880 --> 0:06:13.640 nine percent in early trading. The company reported revenue well 0:06:13.680 --> 0:06:14.600 below estimates. 0:06:15.120 --> 0:06:17.640 S and P futures are little changed right now up 0:06:17.640 --> 0:06:20.120 a point. Futures up two tents of one percent, a 0:06:20.160 --> 0:06:22.680 gain of sixty points. In NASTAC futures are lower by 0:06:22.720 --> 0:06:24.839 two tenths of one percent. That's a decline of twenty 0:06:24.880 --> 0:06:27.960 seven points. Tenure Treasury is down three thirty seconds, for 0:06:27.960 --> 0:06:30.200 a yield of four point sixty three percent. 0:06:31.160 --> 0:06:32.480 This is Bloomberg. 0:06:35.440 --> 0:06:37.240 All right, Nathan, thanks time now for a look at 0:06:37.279 --> 0:06:39.320 some of the other stories making news around the world. 0:06:39.320 --> 0:06:42.520 For that, we're joined by Bloomberg's John Tucker. John, Good morning, 0:06:42.880 --> 0:06:43.679 Good morning, Karen. 0:06:43.800 --> 0:06:48.279 The FBI investigating potentially deadly attacks on election offices in 0:06:48.360 --> 0:06:52.880 five states, bombing some letters laced with fencanyl. The letters 0:06:52.880 --> 0:06:56.279 were sent to Nevada, California, at Georgia, Oregon, at Washington State. 0:06:56.560 --> 0:07:00.200 The Fulton County, Georgia Board of Commissioners chairman is Rob Pitts. 0:07:00.960 --> 0:07:04.240 Crazy people out there who will go to any extreme 0:07:04.920 --> 0:07:11.360 to disrupt, interrupt, fair, open, transparent elections in our country 0:07:11.400 --> 0:07:13.360 and specifically here in Fulton County. 0:07:13.520 --> 0:07:17.080 Officials are calling it domestic terrorism. They're only seven days 0:07:17.160 --> 0:07:20.160 until the government could face yet another shutdown. More in 0:07:20.200 --> 0:07:21.800 that story from Washington and Bloomberg. 0:07:21.840 --> 0:07:24.480 Steve Potis Congress needs to approve a budget that would 0:07:24.520 --> 0:07:26.679 keep the government funded through the rest of the year, 0:07:26.880 --> 0:07:30.160 but there are already some divisions among Republicans as to 0:07:30.200 --> 0:07:33.760 how that may happen. Democrats also say they wouldn't accept 0:07:33.840 --> 0:07:36.880 certain cuts to social programs, and the White House says 0:07:36.920 --> 0:07:39.600 that some of the bills Republicans are proposing would cut 0:07:39.600 --> 0:07:43.960 funds to law enforcement. White House Deputy Press Secretary Olivia 0:07:44.080 --> 0:07:47.240 Dalton says the time is running out and House Republicans 0:07:47.320 --> 0:07:50.040 should stop playing political games and follow the lead of 0:07:50.080 --> 0:07:53.640 the Senate by getting to work on bipartisan bills. Steve 0:07:53.760 --> 0:07:55.160 Potisk Bloomberg Radio. 0:07:55.280 --> 0:07:58.840 President Biden was in the Illinois Thursday congratulating union auto 0:07:58.920 --> 0:08:02.240 workers taking a victory lap after they won a new contract. 0:08:02.480 --> 0:08:05.120 The President reminding those workers he joined them on the 0:08:05.120 --> 0:08:06.920 picket line, and Donald Trump did not. 0:08:07.160 --> 0:08:09.360 I stood and other stood with his shoulder and shoulder 0:08:09.400 --> 0:08:12.320 on that picket line. My predecessor went to a non 0:08:12.400 --> 0:08:18.000 union shop and attacked. I hope you says, so. I 0:08:18.040 --> 0:08:21.680 hope you guys have a memory where I come from. 0:08:21.760 --> 0:08:22.400 It matters. 0:08:22.560 --> 0:08:25.160 Mister Biden was the first president in history to join 0:08:25.280 --> 0:08:29.000 workers on the picket line. The nation's first openly gay governor, 0:08:29.080 --> 0:08:32.240 looking to re enter politics nearly twenty years after he 0:08:32.360 --> 0:08:36.080 left former New Jersey Governor Jim McGreevy, announcing Thursday he'll 0:08:36.080 --> 0:08:39.400 seek the mayor's office in Jersey City in twenty twenty five. 0:08:39.840 --> 0:08:42.200 He announced in August two thousand and four he was 0:08:42.200 --> 0:08:45.720 a gay American and acknowledged having an extramarital affair with 0:08:45.760 --> 0:08:49.480 the male staffer he resigned that year. Global News twenty 0:08:49.480 --> 0:08:51.440 four hours a day and whenever you want it with 0:08:51.440 --> 0:08:54.280 Bloomberg News Now. I'm John Tucker, and this he is 0:08:54.320 --> 0:08:55.160 Bloomberg Karen. 0:08:55.160 --> 0:08:56.840 All right, John, thank you well. We bring you news 0:08:56.840 --> 0:08:59.559 throughout the day right here on Bloomberg Radio. But now 0:08:59.640 --> 0:09:03.040 as you can get the latest news on demand whenever 0:09:03.160 --> 0:09:06.520 you wanted, subscribe to Bloomberg News Now to get the 0:09:06.600 --> 0:09:09.200 latest headlines at the click of a button. Get informed 0:09:09.240 --> 0:09:12.239 on your schedule. You can listen and subscribe to Bloomberg 0:09:12.320 --> 0:09:15.400 News Now on the Bloomberg Business app, Bloomberg dot Com, 0:09:15.400 --> 0:09:21.800 plus Apples, Spotify, and anywhere else you get your podcasts. 0:09:23.559 --> 0:09:26.560 Time now for the Bloomberg Sports Update. Here's John Stash Hour, 0:09:26.720 --> 0:09:27.640 John Karen. 0:09:27.679 --> 0:09:29.439 The Thursday night game to kick off Week ten in 0:09:29.480 --> 0:09:32.000 the NFL. Not much of a game. Carolina Panthers have 0:09:32.040 --> 0:09:34.880 only won once all season. Chicago Bears came in having 0:09:34.920 --> 0:09:37.560 won only twice. Panthers got a seventy nine yard aquartment 0:09:37.559 --> 0:09:39.400 through the first quarter, but it is their only touchdown, 0:09:39.400 --> 0:09:41.800 and the Bears got one in the third quarter to 0:09:41.920 --> 0:09:44.920 take their first lead. Chicago won sixteen thirteen, and this 0:09:45.040 --> 0:09:48.160 helps the Bears get the first pick of the draft 0:09:48.240 --> 0:09:51.360 because they own Carolina's pick as a result of the 0:09:51.400 --> 0:09:53.839 trade of the two teams swung just before last year's 0:09:53.920 --> 0:09:56.400 draft when the Panthers moved up, and we're able to 0:09:56.400 --> 0:09:59.080 get the first overall pick and take quarterback Pryce Young 0:09:59.200 --> 0:10:01.760 NBA in Mexico City. Good one. We treated Atlanta and 0:10:01.920 --> 0:10:04.240 Orlando gray seabasket. 0:10:04.360 --> 0:10:06.400 Craig goes underde Ls at the corner. 0:10:06.559 --> 0:10:07.440 Dejante Let's. 0:10:08.840 --> 0:10:13.720 Take away just three Foma books take the lead ten. 0:10:13.600 --> 0:10:16.920 Twenty tenswoey tea that the final Hawks radio the Caltre 0:10:17.080 --> 0:10:19.960 Young forty one points in the victory. Gianna's Sun to 0:10:20.000 --> 0:10:22.880 the Cup reported in fifty four points but had two 0:10:22.960 --> 0:10:26.200 late turnovers, and Milwaukee blew a ten point fourth quarter 0:10:26.280 --> 0:10:29.600 lead and lost at Indiana one twenty six till one 0:10:29.760 --> 0:10:32.040 twenty four Celtics are home tonight to play in the 0:10:32.080 --> 0:10:35.600 Brooklyn Nets. The Wizards host Charlotte. The Warriors don't play 0:10:35.679 --> 0:10:37.840 until Saturday, when they take on Cleveland. 0:10:37.840 --> 0:10:38.240 Bruins. 0:10:38.240 --> 0:10:40.559 Hot Start continues the hat trick for Charlie Coyle in 0:10:40.600 --> 0:10:43.040 a five to two win over the New York Islanders. 0:10:43.120 --> 0:10:45.520 Rangers Hot Start with their tenth win. They beat Minnesota 0:10:45.559 --> 0:10:48.480 four to one. Connor Bdard, the young star for Chicago, 0:10:48.559 --> 0:10:51.640 two goals to assist his best game. Blackhawks beat Tampa 0:10:51.640 --> 0:10:53.440 Bay five to three. The player of the air at 0:10:53.440 --> 0:10:56.760 women's college basketball, Caitlin Clark forty four points in Iowa 0:10:56.840 --> 0:11:00.280 season openings win. John Stanshaware Bloomberg Sports, Karen all. 0:11:00.280 --> 0:11:03.840 Right, John, thank you well. Straight ahead on Bloomberg Daybreak, 0:11:03.840 --> 0:11:06.040 we're going to get the very latest out of Israel. 0:11:06.120 --> 0:11:09.360 We'll be speaking with the Bloombergs Kalite Allstein in Tel Aviv. 0:11:09.440 --> 0:11:13.720 And ahead of that conversation, SNP futures are little change down, 0:11:13.760 --> 0:11:16.600 futures up a tenth of up percent. NASDAK future is 0:11:16.640 --> 0:11:19.480 down two tenths of up percent. Ten year treasury down 0:11:19.520 --> 0:11:22.320 four thirty seconds, the yeal four point sixty four percent, 0:11:22.360 --> 0:11:24.120 and the yield on the two year is at five 0:11:24.160 --> 0:11:27.720 point two percent. Nimex screwed oil up eight tenths of 0:11:27.800 --> 0:11:31.120 up percent. And this is Bloomberg. 0:11:32.960 --> 0:11:35.960 From coast to coast, from New York to San Francisco, 0:11:36.280 --> 0:11:40.920 Boston to Washington, DC, nationwide on Syria's exam the Bloomberg 0:11:40.960 --> 0:11:42.959 Business app in Bloomberg dot Com. 0:11:43.160 --> 0:11:47.840 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We 0:11:47.880 --> 0:11:49.760 want to get you caught up now on the war 0:11:49.880 --> 0:11:52.800 in the Middle East. We've seen more strikes into Syria 0:11:52.880 --> 0:11:56.840 as Israel continues its advances on Hamas in Gaza, and 0:11:57.040 --> 0:12:00.760 Israel's military now says it has agreed to quick humanitarian 0:12:00.800 --> 0:12:04.400 windows to allow people to flee the fighting in northern Gaza. 0:12:04.520 --> 0:12:06.559 For the very latest, we are joined now from Tel 0:12:06.559 --> 0:12:10.480 Aviv by Bloomberg News Economy and Government reporter for Israel, 0:12:10.760 --> 0:12:12.040 Kalie alstein Ghalid. 0:12:12.080 --> 0:12:12.959 Thanks for being with us. 0:12:13.000 --> 0:12:15.760 As always, I want to start off with this latest 0:12:15.840 --> 0:12:19.000 report that we're hearing, I think from Palestine Authority Radio 0:12:19.440 --> 0:12:24.360 about Israeli strikes on an out patient clinic in Gaza City. 0:12:24.400 --> 0:12:25.240 What more do we know? 0:12:25.640 --> 0:12:29.240 All right? Hi, Good morning, Nathan, so on the ground 0:12:29.280 --> 0:12:32.600 in Gaza Israeli army, as we know, has been operating 0:12:32.640 --> 0:12:35.560 at the heart of Kaza City over the past several days, 0:12:36.040 --> 0:12:38.560 and now we have been hearing more and more reports 0:12:38.559 --> 0:12:42.199 from the Palestinian side that some of these Israeli forces 0:12:42.200 --> 0:12:46.319 are approaching hospitals. So, as you mentioned, we heard the 0:12:46.480 --> 0:12:50.400 report from the Palestinian Authority radio that says that dozens 0:12:50.400 --> 0:12:53.960 were killed and wounded from an Israeli strike on outpatient 0:12:54.000 --> 0:12:58.600 clinics at Al Shifa Medical Complex in Gaza City. And 0:12:58.640 --> 0:13:01.959 we also hear Hamas saying that there are Israeli tanks 0:13:02.000 --> 0:13:06.000 in the vicinity of three different hospitals in northern Gaza, 0:13:06.040 --> 0:13:09.840 and these are different hospitals, Alvan Tisci, Al Nassel and 0:13:09.960 --> 0:13:14.080 Al Ajun Hospital, and the director of one of these hospitals, 0:13:14.120 --> 0:13:18.400 the Children's Hospital, issues a comment saying we've been surrounded 0:13:18.520 --> 0:13:23.400 in the hospital since yesterday and IDF vehicles are stationed 0:13:23.400 --> 0:13:27.439 around the hospital. We cannot provide even the slightest medical services, 0:13:27.480 --> 0:13:31.360 so that's what this hospital director is saying. Now, all 0:13:31.400 --> 0:13:34.680 these statements have not yet been confirmed by the IDEF, 0:13:34.800 --> 0:13:38.840 but I think we can probably definitely not probably expect 0:13:38.960 --> 0:13:39.760 more to come on that. 0:13:40.000 --> 0:13:44.400 But the Israeli military has said made some comments about 0:13:45.160 --> 0:13:48.680 potential targets in that area. What is the Israeli military 0:13:48.720 --> 0:13:49.400 saying about that? 0:13:49.520 --> 0:13:52.920 So, the Israeli military has been saying for a while 0:13:53.080 --> 0:13:58.480 that Hamas command centers are positioned underground beneath some of 0:13:58.520 --> 0:14:02.960 these hospitals. They've mainly focused on Al Shifa Hospital, and 0:14:03.000 --> 0:14:06.080 they've also presented some evidence the idea that they said 0:14:06.200 --> 0:14:10.040 was back by the US and the UK intelligence agencies. 0:14:10.440 --> 0:14:14.560 They've shown evidence that command centers of Kama's opposition beneath 0:14:14.600 --> 0:14:17.240 Al Shifa Hospital, and they say this is not the 0:14:17.240 --> 0:14:20.280 only hospital where this is happening. So that is why 0:14:21.000 --> 0:14:24.760 we are getting these reports of army, Israeli army forces 0:14:24.800 --> 0:14:28.160 surrounding these hospitals probably and. 0:14:28.160 --> 0:14:32.960 This is coming after Israel's military confirmed US reports that 0:14:33.440 --> 0:14:37.880 there was an agreement on humanitarian windows in the fighting. 0:14:38.200 --> 0:14:39.080 What more do we. 0:14:39.040 --> 0:14:39.520 Know about that? 0:14:40.000 --> 0:14:40.200 Right? 0:14:40.280 --> 0:14:43.520 So, I think we're basically seeing a similar dynamic over 0:14:43.560 --> 0:14:47.680 the last couple of days with Israel providing humanitarian windows 0:14:47.720 --> 0:14:51.040 to allow people to flee in northern Gaza, and the 0:14:51.160 --> 0:14:56.560 IDF estimates that between fifty to one hundred thousand people 0:14:56.880 --> 0:15:00.840 have exited northern Gaza, over the last few days, with 0:15:00.960 --> 0:15:03.960 the total of almost some nine hundred thousand leaving the 0:15:04.080 --> 0:15:07.200 area since fighting began. And this is an area that 0:15:07.320 --> 0:15:10.480 usually occupies more than a million people, so that would 0:15:10.520 --> 0:15:14.360 mean that most people, according to the Ideas have left. 0:15:14.640 --> 0:15:17.560 At the same time as these people moved to the 0:15:17.680 --> 0:15:22.120 safe zones in the south of Gaza, we still see 0:15:22.440 --> 0:15:25.520 a modest number of eight trucks, that's how the UN 0:15:26.000 --> 0:15:30.360 describes it coming in from Egypt sixty five days. Trucks 0:15:30.400 --> 0:15:32.960 came in yesterday and the need is for at least 0:15:33.040 --> 0:15:35.560 one hundred trucks some day. That's what the UN said. 0:15:36.400 --> 0:15:40.600 And I think another interesting point to mention Nathan on 0:15:40.720 --> 0:15:44.400 what's coming and how long this fighting will take. We 0:15:44.480 --> 0:15:48.040 hear something on that from Israeli Prime Minister Benjaminitaniao who 0:15:48.040 --> 0:15:52.120 gives them an interview to Fox News tonight, and he says, well, 0:15:52.200 --> 0:15:55.520 it has taken a little longer than I had hoped, 0:15:55.680 --> 0:15:58.400 and he explained that this is taking longer on account 0:15:58.440 --> 0:16:01.680 of battle conditions on the ground and the safety of 0:16:01.880 --> 0:16:06.120 Ideas troops that Israel is obviously concerned with, and also 0:16:06.160 --> 0:16:09.440 getting out the hostages that they're in there. And he 0:16:09.480 --> 0:16:13.280 does admit that this is affecting the time that this 0:16:13.400 --> 0:16:14.800 operation is taking. 0:16:15.200 --> 0:16:17.960 And just quickly about last thirty seconds scale. Does this 0:16:18.000 --> 0:16:20.360 say anything these comments from Nats on Yahoo about the 0:16:20.400 --> 0:16:23.720 impact that diplomacy has had on the Israeli side, Well. 0:16:23.560 --> 0:16:27.160 You know, Nathaniel denies that that Israel's agreed to any 0:16:27.240 --> 0:16:32.400 kind of ceasefire, so that hasn't been agreed upon yet. 0:16:32.440 --> 0:16:36.080 He also talks about these humanitarian fathers and he does 0:16:36.120 --> 0:16:38.600 give us a hint on the very interesting question of 0:16:38.680 --> 0:16:40.960 what will happen in the day after, and this is 0:16:41.000 --> 0:16:45.360 also associated with diplomatic talks, and he says that we'll 0:16:45.400 --> 0:16:48.800 have to find a government, the civilian government that will 0:16:48.840 --> 0:16:51.600 be there, but in the foreseeable future, we will have 0:16:51.640 --> 0:16:53.960 to make sure that this doesn't happen again. He is 0:16:53.960 --> 0:16:56.560 referring to the ectoty seven attacks. So we have to 0:16:56.600 --> 0:17:00.320 have a credible force that, if necessary, will enter godt 0:17:01.080 --> 0:17:03.720 the killers. That's from what he calls you, Homas Wilson. 0:17:04.840 --> 0:17:07.879 This is Bloomberg Daybreak Today, your morning brief on the 0:17:07.920 --> 0:17:11.360 stories making news from Wall Street to Washington and beyond. 0:17:11.640 --> 0:17:14.399 Look for us on your podcast feed at six am 0:17:14.480 --> 0:17:18.119 Eastern each morning, on Apple, Spotify and anywhere else you 0:17:18.200 --> 0:17:19.399 get your podcasts. 0:17:19.480 --> 0:17:22.200 You can also listen live each morning, starting at five 0:17:22.240 --> 0:17:24.880 am Wall Street Time on Bloomberg eleven three to zero 0:17:24.880 --> 0:17:27.760 in New York, Bloomberg ninety nine to one in Washington, 0:17:27.840 --> 0:17:30.680 Bloomberg one oh six to one in Boston, and Bloomberg 0:17:30.800 --> 0:17:32.480 ninety sixty in San Francisco. 0:17:32.840 --> 0:17:36.000 Our flagship New York station is also available on your 0:17:36.040 --> 0:17:41.480 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:17:41.520 --> 0:17:45.080 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:17:45.240 --> 0:17:49.320 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and. 0:17:49.240 --> 0:17:52.560 I'm Karen Moscow. Join us again tomorrow morning for all 0:17:52.600 --> 0:17:55.120 the news you need to start your day right here 0:17:55.240 --> 0:17:56.560 on Bloomberg Daybreak. 0:18:00.480 --> 0:18:10.160 He