Israel Says Gaza Truce Resumes; Trump Lists Top China Demands

Bloomberg Audio Studios, Podcasts, radio News.
Good morning, I'm John Tucker and I'm Karen Moscow. Here
are the stories we're following today.
We begin this morning with new developments in the Middle East.
Israel says it had resumed a truce with Hamas and
Gaza after fighting over the weekend, each side accusing the
other breaching a deal broker by President Trump. Let's get
more from Paul Wallace. He's Bloomberg's managing editor, corting the
government in the Middle East.
For now, it seems as if the answer is yes,
it is still intact messy as it is. Late last night,
the Israeli military said that essentially said that it had
resumed a cease file on it on its part. The US,
including Jeddie Vance, the Vice President, and Donald Trump himself,
have been saying over the weekend that these types of
incidents that we that we saw in the last two
days deadly clashes, were pretty much expected, and that this
CEASEPA was always going to be pretty fragile and messy
in the first few days or even weeks.
And Bloomberg's managing editor, Paul Wallace, is the transfer of
humanitarian aid into Gaza that has resumed. It had been
halted after Hamas militants killed two soldiers Well Israeli forces
launched a wave of strikes across Gaza.
Well John we now turned to the latest on trade.
President Donald Trump says the US will be fine with China.
Just days before the two sides returned to the negotiating table,
and the President spoke to reporters on board Air Force One.
One of the things I want is China's going to
buy soiebags. I want China to stop with a fentoym with.
Very you know, normal things.
I don't want them to play the rare earth.
Game with US.
And the US and China a whole talks later this
week in Malaysia. As a fragile trade truthneers expiration on
November tenth. Months of tentative stability have been up spended
in recent weeks after Washington brought in some tech restrictions
and proposed levies on Chinese ships entering US ports. China
responded with parallel moves and outlined tighter export controls on
rare earths and other critical materials.
And Karens investors wait for those talks. Fresh data out
of China this Morning, China says the economy is still
on track to reach this year's expansion target, even after
reporting the weakest growth in a year. The boost from
booming exports buffering the broad slowdown. Gross domestic product there
expanded four point eight percent, slightly exceeding economists forecasts.
And Asia John japans a EK two twenty five closed
at an all time high as the ruling Liberal Democratic
Party looks set to finalize a new coalition deal. That's
fueling hopes that pro stimulus is sane. Sinei Takaichi will
become the country's first female prime minister. Begin More from
Alistair Gale in Tokyo.
He looks set to win a vote which we expect
to happen in Parliament tomorrow to become the prime minister,
and then she can get on with the business of
running the country and trying to push through her economic
ideas in terms of giving Japan new momentum both economically
and diplomatically, and.
That's Bloomberg Alistair Gale, who says Takeichi touted plans to
inject more governments spending into strategic industries like defense, tech,
cybersecurity and nuclear energy.
And your French bonds are dropping. This comes to enter
SMP Global Ratings downgraded its sovereign credit score. This is
an unscheduled move that highlights the nation's fiscal problems. It
places its debt at risk of fores selling by some funds. France.
SMP Global downgrade of the country to A plus from
double A minus, saying the nation's budget uncertainty was quote
elevated well.
Back here in the US, John, the federal government remains
shut down, marking the third and longest shutdown in US history.
The Senate reconvenes and votes later today, and if the
vote fails, the shutdown will extend and to its third week.
Hous Minority Leader High King Jeffries told ABC there remains
no bipartisan dialogue in the lower chamber.
We haven't heard anything from Donald Trump or the Republicans
over the last few weeks. They have gone radio silent, and.
House Minority Leader HOCKEM Jeffries as Democrats are said fast
and wanting to extend Affordable Care Act subsidies, and their
position was echoed at the more than two thousand, six
hundred No King's protests across the country this weekend. Republican
House Speaker Mike Johnson responded to the demonstrations on EBC's this.
Week, they needed a stunt, they needed a show. If
President Trump was a king, the government would be open
right now.
Republican House Speaker Mike Johnson added that Republicans will address
healthcare subsidies once the government reopens.
And we turn to markets now where the futures are
higher as we kick off a new trading week. Investors
centib it is improving. Is President Trump sought to ease
trade tensions with China. Gold is also that's on the rise.
Actually at gold this morning. This is Comex Gold up
one point three percent at four thousand, two hundred and
seventy dollars.
An ounce in company news, John Apple's latest generation of
iPhones is off to a faster start than usual. According
to Counterpoint Research, the iPhone seventeen series out sold the
iPhone sixteen range by fourteen percent over their respective first
ten days on sale in the US and China. Counterpoint
Research says the iPhone seventeen Promax is also seeing strong demand,
particularly in the US, drawing people who got their last
phone during the pandemic to finally upgrade.
And Karen All sorts of problems. This morning. Amazon Web
Service is saying it has suffered a widespread disruption. It's
affecting services on other platforms as well. It's the world's
largest cloud provider, suffering a widespread disruption this morning that
degraded services for several companies, including artificial intelligence company Perplexity,
as well as Coinbase and Robinhood Financial Markets.
John French luxury giant Kering has agreed to sell its
beauty division to Loreel and a four point seven billion
dollar deal. The two companies will also work together to create,
develop and distribute fragrance and beauty products for Carrying's top
line luxury brands. Loreel is the world's biggest dedicated cosmetics
and beauty group.
And let's go to Paris the Louver Museum that's going
to remain closed after several priceless artifacts were stolen in
a daylight robbery. The French authorities are still searching for
the individuals who entered the building on Sunday and took artifacts,
including Tiara's necklaces and earrings.
Time now for look at some of the other stories
making news in New York and around the world. And
Forever Joined by Bloomberg's Michael Barr Michael, good Morning, Good
Morning Karen.
Ukraine President Vladimir Zelenski says the war with Russia should
be frozen along current battle lines before the two sides
can enter into peace negotiations, even as Vladimir Putin continues
to demand that Ukraine see the entire Donesque region in
the east to Russia. Zelenski spoke in an interview with
NBC's Meet the Press, conduct after his meeting at the
White House Friday with President Donald Trump and broadcast on Sunday.
If we want to stop this war and to go
to pisnigosshs to urgently and in diplomatic way, we need
to stay aware, we stay not to give something additional
to put him because he wants.
NBC's Meet the Press can be heard Sundays on Bloomberg. Meanwhile,
President Trump appears to believe Ukraine should hand over its
land occupied by Russian soldiers to end the more than
three and a half year war. There he spoke on
Air Force one.
Let it be cut the way it is a cut
up right now.
I think seventy eight percent of the land is already
taken by Russia.
You leave it the way it is right now.
They can negotiate something later on down the line.
Last week, President Trump was considering selling long rain Tomahawk
missiles to Ukraine to help house the Russian invasion, but
then Russian President Vladimir Putin called him and asked for
another summit. A cargo aircraft skidded off a Hong Kong
runway and collided with a security patrol car before both
fell into the sea early Monday. The two people in
the car died, while the four crew members on the
plane were rescued unhurt. Just days after giving up his
many titles of royalty, Prince Andrew is facing yet another
problem from his friendship with the late convicted sex offender
Jeffrey Epstein. Prince Andrew is now subject of a police
investigation after new allegations he once asked a member of
his state funded security detail to investigate his accuser. Virginia
Giuffray Global News twenty four hours a day and whenever
you want it with Bloomberg News. Now, Michael Baharn, this
is Bloomberg Carrot. Well, thanks Michael.
Time now for our Bloomberg Sports update, and for that
we bring in John stash Hour.
Thanks Darren the Seattle Mariners for the first time in
their history and a chance to win a game have
sent them to the World Series. But in Toronto, the
Blue Jays score twice in the second in Ain't Addison
Barger had a two run home in the third Vladimir
Guerrero Junior Homer. Toronto won Game six, six to two.
Game seven tonight the tenth in ALCS history and historic
comeback by the Denver Broncos. They trailed the Giants nineteen
to nothing in the fourth quarter twenty six to eight
with less than six minutes to play. A furious rally
by the Broncos, they won thirty three thirty two. That's
to Bloomberg Sports Update.
Stay with us more from Bloomberg day Break coming up
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Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
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Bloomberg Business Appum. This is Bloomberg Daybreak.
Good morning. It is coming up to five thirteen of
Wall Street hum John Tucker, along with Karen Moscow, Israel
launching strikes against Thomas and Gaza and suspended aid shipments
yesterday after blaming the Midleton group for an ambush that
killed two soldiers in the southern part of the Strip.
Let's get the very latest right now. Ethan Bronner is
the Bloomberg senior editor and he's joining us from Tel
Aviv this morning. Ethan, thanks so much for being with us.
Is the Seaspire intact at this point?
It is intact, but of course it's been a shaky
ceasefire from the first moment, and it gets shake here
every day. Yesterday's exchanges were pretty rough. There were a
bunch of attacks by Hamas guys on various Israeli troops
and an APC and so forth, and then the Israelis
did dozens of assorties to fight back and send a message,
and a bunch of people died. So it was pretty rough.
But they said they're both said they're trying to respect it,
and we do have two American officials who've just landed
who are going to try to keep it going.
Is the Hamas leadership speaking for everyone within Hamas or
their splinter groups who disagree with a past fire or
the terms that they're trying to impose.
That's a great question, and we don't really know the answer.
The Hamas military leadership said that it knew nothing about
the attacks. I will point out that for two years
before the October seventh attack by Hamas, it leadership repeatedly
said it wanted only peace and had no interest in
military action, and then carried out the most brutal attack
on is relevance history. So that doesn't mean that they
always don't tell the truth, but I would take with
a grain of salt. But they say, on the other hand,
President Trump said, Hey, could be you know, things are
kind of difficult down there. Maybe the leadership wasn't aware
of what was going on. It's possible.
I mean, if there is a split within the organization
between the leadership and certain factions, how do you achieve
anything in terms of peace.
No, that's exactly right. I mean we're dealing with a
very very complicated situation in which it's not at all
clear that even the leadership has laid out what it
wants in a way that the other side can accept.
Both sides have kind of accepted this idea of an
exchange of hostages for prisoners and that the rest will
then be negotiated. And that's where we stand with, you know,
totally opposite goals. The Israelis want Humas out of power.
Hummas wants to stay in power and wants Israel out
of Gaza. So it's a tough, tough not to crack.
Yeah, you mentioned the hostages. Well, at this point the
hostage bodies, have they all been returned? What's the status there?
No, about a dozen have been returned, at about sixteen remain.
And this is another good example of what to believe. Right,
So Israel says that Hamas knows we're almost all of
them are maybe not all sixteen, but another ten or twelve,
and they could easily return them. Hamasa, And my god,
are you kidding me? This place that's been turned upside
down by all those bombings. We have lost track of them,
and we need time, and we need equipment, and I
don't know who's telling the truth.
And where do things stand with Aid getting into a GUSA.
So it slowed down. I mean, Israel didn't officially stop it,
but then it's sort of acknowledged that because of the
battling yesterday, it wasn't safe to do it, and now
it says it's back up. You know, some days ago
before this began, there were six or eight hundred trucks
coming in, which is a lot more than the three
hundred from before, but not quite as much as the
UN says is needed. Of about a thousand, I don't
know how many hundreds are coming in today, but the
claim is that they're back on track. So eight is
theoretically starting to go back in.
Yes, where do we stand with the peace plan and
what has been agreed to? And we got like thirty seconds.
Okay, well, we've agreed to nothing other than the exchange
that's occurred. There is this twenty point plan that the
Israelis have been enthusiastic about. That Hamasa said, yes, but
two and I'd say about fifteen of those points are
still to be worked out.
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