Pressure Grows for Continued Cease-Fire; Musk in Israel
On today's podcast:
1) Israel is coming under increasing pressure to agree to an extension of a four-day pause in its war with Hamas. President Joe Biden said he supports prolonging the cease-fire, which is due to end on Tuesday morning and part of a deal to free hostages held by Hamas in Gaza. The halt in fighting is “critically needed” for additional aid to get into the territory and for more captives to be freed.
2) Rishi Sunak said he condemns antisemitism “in all its forms,” in a careful criticism of Elon Musk that stopped short of the full-throated condemnation by US President Joe Biden and others who have accused the tech entrepreneur of amplifying anti-Jewish hatred on his X social media platform.
3) Black Friday shoppers spent a record $9.8 billion online in the US, Adobe Analytics reported, offering a positive sign for retailers facing lackluster sales forecasts for the holiday season.
Full transcript:
Good morning. I'm Nathan Hager and I'm Amy Morris. Here are the stories we're following today. First, the latest developments out of the Middle East. Israel and Hamas are signaling that a temporary ceasefire could be extended beyond today. Under the current agreement, Hamas is releasing fifty hostages in exchange for one hundred and fifty Israeli held prisoners. President Biden says he's aiming for this break in fighting to continue. Critically, nay, today is going in and hostages are coming out, and there's still structured so that it can be extended to keep building on these results. That's my goal, that's our goal, to keep this pause going beyond tomorrow. When President Biden spoke yesterday with Israeli Prime Minister Benjamin Netanyahu, who signaled an extension was possible. Meanwhile, Israel is coming under increasing pressure to agree to an extension of a four day pause in it's war with Amas. We get more from Bloomberg's Simon Marx and Tel Aviv. Israel is under some pressure to continue to slow drip releasing hostages. There is still a lot of public pressure here to get many more released, and the families and the victims of the hostage families are still very active. Bloomberg. Simon mar says, so far Hamas has handed over fifty eight hostages, including non Israelis. It is slated to free another eleven Israelis today to fulfill the four day Agreement. And in Washington, the issue of Israeli aid maybe getting more complicated. Bloomberg zed Baxter has that story. Senator Chris Murphy is saying lawmakers should consider conditioning future aid to Israel based on compliance with international humanitarian law. I think there's both a moral cost to this, many civilians, innocent civilians, children often losing their life, but I think there's a strategic cost. Ultimately, Hamas will get stronger, not weaker, in the long run if all of this civilian death allows them to recruit more effectively, enablely inside Gaza. Murphy on CNN civilian death toll must stop, ed Baxter Bloomberg Radio, Thanks D. Another complicating factor in aid to Israel and Ukraine is a dispute over security at the southern border. Republicans in Congress want to tie foreign military assistance to tougher border policies. On NBC's Meet the Press House Intelligence Chair Mike Turner said it will be tough to pass the AID before the end of this year. While the issue remains unresolved. Man Amy events in the Middle East may be forcing President Biden to skip an event he's attended the past two years. According to The New York Times, a White House official says the President will not be at the COP twenty eighth Climate summit in Dubai. The official didn't say why, but senior aids are suggesting the Israel Hamas war has consumed the president in recent weeks. Meanwhile, Elon Musk will today meet with the Israel with Israel's Prime Minister and president, as well as representatives of the families of hostages held in Gaza. The closed door meeting appears to be an effort to diffuse a growing backlash over the billionaire's endorsement of an anti Semitic tweet. While Musk has drawn support from notable figures including hedge fund manager Bill Ackman, others, including British Prime Minister Rishi Sunek, say that Tesla and SpaceX chief should not be given a pass because of who he is. I don't tend to get in the business of scrutinizing what every single person says who I've interacted with. Of course I bore anti Semitism. It doesn't matter whether you're Elil Musk or you or someone on the street who's shouting abuse that someone who happens to be walking past you. That's wrong in all its forms. Antisemitism in all its forms is completely and utterly wrong. So next careful criticism comes just weeks after the British Prime Minister had a fireside conversation with Musk at the UKAI summit. Turning to markets, amy stocks are going higher. That's the call from Deutsche Bank. The firm's strategists, including Binkie Chata, predict the S and P five hundred will rally to a record fifty one hundred by the end of next year. That's about twelve percent above current levels. Chata says stock valuations are not high and earnings are growing solidly. Meanwhile, Wall Street it returns to work with lots of economic data and plenty of earnings reports. We get a preview from Bloomberg's Charlie Pellett. Tech earnings will be in focus this week, with z Scaler and crowd Strike holdings underscoring how businesses are prioritizing cybersecurity after recent high profile corporate hacks. Among the other technology companies reporting this week Salesforce and Dell. In New York Charlie Pellette Bloomberg Radio. Okay, Charlie, thanks for also keeping an eye on retailers today. Well, because it's cyber Monday. The huge online spending day comes after shoppers spend a record online on Black Friday. More on that from Bloomberg's Eddie vendor Wald. What we're seeing is that US consumers spend a record nine point one billion dollars online. That's according to Adobe Analytics. It's a record so far. But we're seeing two interesting trends. Number One, a lot of people are spending on buy now, pay later, and we are seeing them buying less luxury items with this spending. So it feels like the consumer is starting to feel the pitch and rather than going out spending big money is saying, look, this might be a good opportunity to start cutting back out of spending. Bloomberg's Eddie vander Walt says global Black Friday sales rose twenty two percent, led by clothing, personal care, and jewelry. The owner of TikTok is cutting jobs. Bye Dance plans to eliminate hundreds of positions in gaming and wind down at Showpee s brand Uverse. The closure marks by Dan's biggest retreat from a once booming gaming industry dominated by ten Cent and at smaller faux net Ease. Sources say the Chinese company intends to announce the cuts later today. Time now for a look at some of the other stories making news around the world, and for that we're joined by Bloomberg's John Tucker. Good morning Job, Hey, Good morning Amy. The US is investigating whether Iran was behind an incident in which missiles were fired near the Navy destroy USS Mason. The Mason intervene to stop the hijacking of a commercial cargo ship by pirates in the Gulf of Aidenere, Somalia on Sunday, after which two ballistic missiles were fired from Yemen tour the Navy destroyer. The ballistic missiles were fired from the part of Yemen controlled by Iranian backed Hutu rebels. They fell well short of the mark. We could be looking at a shakeup in the battery industry that's critical for the energy transition battery giants are starting to put their money on a new sodium based technology. Let's get more in this report from Bloomberg's Denise Pellegrini. Sodium from rock salt and brines is cheaper and way more abundant than the lithium widely used now in batteries. But in the past week alone, Sweden's Northfold said it made a breakthrough, and China's ev maker BYD signed a deal to build a one point four billion dollar sodium ion battery plant. Also, China's coatl said back in April at sodium based batteries would be used in some vehicles starting this year. This could all hit lithium demand Hardloomberg GETTYF has said sodium could cut hundreds of thousands of tons of lithium demand by twenty thirty five. Denise Pellegridy Bloomberg Radio. This post Thanksgiving travel rush could be won for the books. American Airlines said that it flew six and a half million customers over the holiday, the highest ever for the airline. Of this traveler at New York Liberty Airport spoke for many I travel from California to New York back and forth all the time. I have never had this much of a weight. I don't know why. American says it had more than sixty one hundred departures Sunday and expects about six thousand flights today. The Biden administration today will announce a redoubling it measures to strengthen supply chains. It's creating a new White House Council on Supply Chain Resilience. The council will conduct a supply chain review mirroring similar strategic documents prepared for National Defense at Homeland Security. Global News twenty four hours a day and whenever you wanted with Bloomberg News Now. I'm John Tucker and this is Bloomberg Amy. All right, thank you, John. We bring you news throughout the day here on Bloomberg Radio. But now you can get the latest news on demand whenever you want it. Subscribe to Bloomberg News Now to get the latest headlines at the click of a button. Get informed on your schedule, and you can listen and subscribe to Bloomberg News Now on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, and anywhere else you get your podcasts. Time now for our Bloomberg Sports Update and for that, we bring in John stash hour Amy. The game of the day was in Philadelphia. The Eagles trailed Buffalo by ten points in the fourth quarter, trailed by three with twenty seconds to go when Jake Elliott tied the game with a fifty nine yard field goal. Philly also trailed in overtime, but Jalen Hurt scored a touchdown and the Eagles beat the Bills thirty seven to thirty. Fourth. Philly is ten and one. The Bill's having a disappointing season at six and six. The Patriots having a really disappointing season. They are two to nine. Lost to the Giants ten to seven when Chad Ryland missed a thirty five yard field goal with three seconds to go. Ravens last night improved to nine and three. They beat the Chargers twenty to ten. The Steelers are seven and four, all seven wins by seven points or less. They've been outscored on the season, but Pittsburgh able to win at Cincinnati sixteen to ten. Bengals played without the injured quarterback Joe Burrow. Carolina dropped a one in ten, lost to Tennessee seventeen to ten. Indianapolis Street Tampa Bay twenty seven to twenty Michael Pittman had over one hundred yards in receptions. Two SEC schools with new football coaches at Texas A and m it's Mike Elko. He had been at Duke the last two years and the previous to that he was the Aggies defensive coordinator. Mississippi State's new coaches Jeff Levy, he had been the offensive cornator head Oklahoma. Another f one win for Max first staff and that's nineteen out of twenty two races. That's the most ever. Celtics still on beating at home. They beat the Hawks one thirteen to one of three. Jason Tatum score thirty four. Johns dash that We're Bloomberg Sport from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg Business app, and Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Today is scheduled to be the final full day of a four day truce between Israel and Hamas, but after the release of dozens of hostages from Gaza, including a four year old American Israeli girl. Both sides are now signaling this pause could be extended. And for the latest, we're joined from Tel Aviv by Bloomberg News reporter Simon Marx. Simon, good morning. What is the likelihood that we could see an extension given the number of hostages that have been released so far? Well, so far, the chances of this taking place seem to be making some good progress. Hamas has released a statement saying that in theory they would have greed to an extension, and Israel, for the whole way along this current truce, has said that it would be open to further days, So we're talking about ten per day for up to ten days. You know, diplomats in the city do expect that we will see one or two more days. It's a little unclear whether we're going to get to the full ten. But there is obviously a lot of pressure on the government of Benjamin Netta and Yahoo to continue the release of the hostages, with the families still campaigning and very vocal on this front. Yeah, that's happening on the outside. Talk a little bit more about as well, the behind the scenes pressure that's happening with Israel and Hamas to potentially secure a further ceasefire. Yeah. I think the main reason for this is that the international community would like to see more aid get into Gaza. Obviously, the strip has been pounded for weeks now, there's still at least one hundred thousand people in the north with very very limited access to any form of humanitarian care, and then in the south you've got over a million displaced people in you know, really devastating conditions. So there were two hundred trucks that managed to get over the border from Egypt on Sunday. There's been about two thousand in total. But the hope is is that increases a lot a lot more in the coming days. What's the feeling about whether there is enough aid going in right now and whether that aid could potentially be used to support Hamas. There has to still be that concern among the Israelis, right, Yeah, of course, And you know, this is part of the reason why the bureaucracy around getting trucks in, the checks and balances from the Israelis were so stern and and it's also part of the reason why getting aid in was actually difficult in the beginning. That it does seem in recent days to have opened up. There is this notion that, you know, if Israel is to continue its ground offensive against Hamas, that in return, they cannot be seen to be blocking eight you know, and flouting international humanitarian law. But yes, I mean Hamas fighters are spread throughout the Gaza Strip, and many people seem to think that they have a presence in the south too, where there are a lot of civilians. And that factors into a lot of the commentary that we're hearing from a particularly congressional Democrats in Washington, d C. That future aid to Israel might need to be conditioned on international humanitarian law being followed more stringently. How is that potentially factoring in to Israel's decision making when it comes to extending the pause in fighting or carrying on this war even further once whenever the pause ends, it does end well very much. So. Israel are extremely dependent on diplomatic and material support from the United States. Without that, I think, you know that the pressure for them to stop this war is going to mount. So far, we've seen a lot of pressure from Biden's administration to make sure Israel do allowed aid in, but there hasn't been you know, a stringent call for any longer term ceasefire. So it does seem that this green light essentially for Israel to go back in to the Gaza Strip once this truce comes to an end, is very much there, even though perhaps in some other corners of the world, particularly the Gulf and parts of Europe, obviously the pressure is mounting. But yeah, as we all know, the main bidder here is the United States. And as this pause continues, Simon, are there risks of other fronts opening while the pause goes on. I mean there's been sporadic fighting that we've been reporting on in the West Bank, as well as the back and forth over the Israeli Lebanon border. Yes, definitely. As you mentioned the West Bank, I mean just overnight there has been a report there were eight Palestinians killed in the West Bank in an air strike. The situation is very restive there that there is growing settler violence. Since October seven, Jewish settlers in the area have carried out way over two hundred attacks on Palestinian communities, and the Israeli army have also come down pretty tough on demonstrators and suspected sympathizers of Hamas. The population there in general feels like it's being occupied and oppressed, and that the Palestinian authority which runs the show there in some areas, isn't really representative of them. Obviously, if things continue in this direction, there's massive risks of it boiling over, and then, you know, I think beyond that, beyond Israel's borders. So far it has been more or less contained, but it is very, very worrying. We saw Israel strike the airport in Damascus not that long ago, targeting, yeah, targeting Iranian targets there. So clearly it's a it's a huge risk. This is Bloomberg Daybreak Today, your morning brief on the story's making news from Wall Street to Washington and beyond. Look for us on your podcast be by 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 Priezero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one six to one in Boston, and Bloomberg nine six 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, siriusxmb iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Amy Morris. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak
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Good morning. 0:00:03.080 --> 0:00:06.040 I'm Nathan Hager and I'm Amy Morris. Here are the 0:00:06.080 --> 0:00:07.680 stories we're following today. 0:00:08.320 --> 0:00:11.119 First, the latest developments out of the Middle East. Israel 0:00:11.119 --> 0:00:14.280 and Hamas are signaling that a temporary ceasefire could be 0:00:14.400 --> 0:00:18.599 extended beyond today. Under the current agreement, Hamas is releasing 0:00:18.640 --> 0:00:21.439 fifty hostages in exchange for one hundred and fifty Israeli 0:00:21.480 --> 0:00:24.880 held prisoners. President Biden says he's aiming for this break 0:00:24.880 --> 0:00:26.079 in fighting to continue. 0:00:26.440 --> 0:00:30.080 Critically, nay, today is going in and hostages are coming out, 0:00:30.800 --> 0:00:33.320 and there's still structured so that it can be extended 0:00:33.720 --> 0:00:36.920 to keep building on these results. That's my goal, that's 0:00:36.960 --> 0:00:39.519 our goal, to keep this pause going beyond tomorrow. 0:00:39.720 --> 0:00:43.479 When President Biden spoke yesterday with Israeli Prime Minister Benjamin Netanyahu, 0:00:43.520 --> 0:00:45.720 who signaled an extension was possible. 0:00:46.159 --> 0:00:49.640 Meanwhile, Israel is coming under increasing pressure to agree to 0:00:49.680 --> 0:00:52.120 an extension of a four day pause in it's war 0:00:52.159 --> 0:00:55.240 with Amas. We get more from Bloomberg's Simon Marx and 0:00:55.280 --> 0:00:55.840 Tel Aviv. 0:00:56.360 --> 0:01:01.600 Israel is under some pressure to continue to slow drip 0:01:02.000 --> 0:01:04.800 releasing hostages. There is still a lot of public pressure 0:01:04.840 --> 0:01:08.600 here to get many more released, and the families and 0:01:08.640 --> 0:01:11.400 the victims of the hostage families are still very active. 0:01:11.600 --> 0:01:14.560 Bloomberg. Simon mar says, so far Hamas has handed over 0:01:14.640 --> 0:01:18.640 fifty eight hostages, including non Israelis. It is slated to 0:01:18.680 --> 0:01:23.000 free another eleven Israelis today to fulfill the four day Agreement. 0:01:23.360 --> 0:01:27.039 And in Washington, the issue of Israeli aid maybe getting 0:01:27.120 --> 0:01:30.240 more complicated. Bloomberg zed Baxter has that story. 0:01:30.600 --> 0:01:34.360 Senator Chris Murphy is saying lawmakers should consider conditioning future 0:01:34.400 --> 0:01:39.280 aid to Israel based on compliance with international humanitarian law. 0:01:39.400 --> 0:01:43.240 I think there's both a moral cost to this, many civilians, 0:01:43.280 --> 0:01:45.800 innocent civilians, children often losing their life, but I think 0:01:45.800 --> 0:01:49.960 there's a strategic cost. Ultimately, Hamas will get stronger, not weaker, 0:01:50.000 --> 0:01:53.440 in the long run if all of this civilian death 0:01:54.120 --> 0:01:59.840 allows them to recruit more effectively, enablely inside Gaza. 0:02:00.080 --> 0:02:05.160 Murphy on CNN civilian death toll must stop, ed Baxter 0:02:05.200 --> 0:02:06.760 Bloomberg Radio, Thanks D. 0:02:06.800 --> 0:02:10.400 Another complicating factor in aid to Israel and Ukraine is 0:02:10.440 --> 0:02:14.000 a dispute over security at the southern border. Republicans in 0:02:14.040 --> 0:02:18.000 Congress want to tie foreign military assistance to tougher border policies. 0:02:18.240 --> 0:02:21.240 On NBC's Meet the Press House Intelligence Chair Mike Turner 0:02:21.440 --> 0:02:23.960 said it will be tough to pass the AID before 0:02:24.000 --> 0:02:27.000 the end of this year. While the issue remains unresolved. 0:02:27.120 --> 0:02:29.200 Man Amy events in the Middle East may be forcing 0:02:29.240 --> 0:02:32.040 President Biden to skip an event he's attended the past 0:02:32.080 --> 0:02:34.239 two years. According to The New York Times, a White 0:02:34.240 --> 0:02:36.840 House official says the President will not be at the 0:02:36.840 --> 0:02:39.760 COP twenty eighth Climate summit in Dubai. The official didn't 0:02:39.760 --> 0:02:42.400 say why, but senior aids are suggesting the Israel Hamas 0:02:42.400 --> 0:02:44.680 war has consumed the president in recent weeks. 0:02:45.000 --> 0:02:47.920 Meanwhile, Elon Musk will today meet with the Israel with 0:02:48.080 --> 0:02:51.919 Israel's Prime Minister and president, as well as representatives of 0:02:51.960 --> 0:02:55.160 the families of hostages held in Gaza. The closed door 0:02:55.280 --> 0:02:57.640 meeting appears to be an effort to diffuse a growing 0:02:57.720 --> 0:03:01.480 backlash over the billionaire's endorsement of an anti Semitic tweet. 0:03:01.800 --> 0:03:05.280 While Musk has drawn support from notable figures including hedge 0:03:05.280 --> 0:03:09.680 fund manager Bill Ackman, others, including British Prime Minister Rishi Sunek, 0:03:09.960 --> 0:03:13.200 say that Tesla and SpaceX chief should not be given 0:03:13.240 --> 0:03:14.640 a pass because of who he is. 0:03:15.240 --> 0:03:17.440 I don't tend to get in the business of scrutinizing 0:03:17.440 --> 0:03:19.960 what every single person says who I've interacted with. Of 0:03:20.040 --> 0:03:22.639 course I bore anti Semitism. It doesn't matter whether you're 0:03:22.919 --> 0:03:25.000 Elil Musk or you or someone on the street who's 0:03:25.000 --> 0:03:27.720 shouting abuse that someone who happens to be walking past you. 0:03:27.760 --> 0:03:30.160 That's wrong in all its forms. Antisemitism in all its 0:03:30.200 --> 0:03:32.240 forms is completely and utterly wrong. 0:03:32.639 --> 0:03:35.440 So next careful criticism comes just weeks after the British 0:03:35.480 --> 0:03:38.839 Prime Minister had a fireside conversation with Musk at the 0:03:38.960 --> 0:03:40.160 UKAI summit. 0:03:40.520 --> 0:03:43.560 Turning to markets, amy stocks are going higher. That's the 0:03:43.600 --> 0:03:46.880 call from Deutsche Bank. The firm's strategists, including Binkie Chata, 0:03:46.920 --> 0:03:48.880 predict the S and P five hundred will rally to 0:03:48.920 --> 0:03:51.480 a record fifty one hundred by the end of next year. 0:03:51.760 --> 0:03:55.040 That's about twelve percent above current levels. Chata says stock 0:03:55.160 --> 0:03:58.400 valuations are not high and earnings are growing solidly. 0:03:59.040 --> 0:04:01.680 Meanwhile, Wall Street it returns to work with lots of 0:04:01.680 --> 0:04:04.960 economic data and plenty of earnings reports. We get a 0:04:05.000 --> 0:04:07.120 preview from Bloomberg's Charlie Pellett. 0:04:07.400 --> 0:04:10.080 Tech earnings will be in focus this week, with z 0:04:10.280 --> 0:04:15.520 Scaler and crowd Strike holdings underscoring how businesses are prioritizing 0:04:15.600 --> 0:04:20.480 cybersecurity after recent high profile corporate hacks. Among the other 0:04:20.560 --> 0:04:25.080 technology companies reporting this week Salesforce and Dell. In New 0:04:25.160 --> 0:04:27.200 York Charlie Pellette Bloomberg Radio. 0:04:27.400 --> 0:04:31.000 Okay, Charlie, thanks for also keeping an eye on retailers today. Well, 0:04:31.120 --> 0:04:34.719 because it's cyber Monday. The huge online spending day comes 0:04:34.760 --> 0:04:38.600 after shoppers spend a record online on Black Friday. More 0:04:38.600 --> 0:04:40.200 on that from Bloomberg's Eddie vendor Wald. 0:04:40.400 --> 0:04:42.800 What we're seeing is that US consumers spend a record 0:04:42.880 --> 0:04:49.080 nine point one billion dollars online. That's according to Adobe Analytics. 0:04:49.279 --> 0:04:53.719 It's a record so far. But we're seeing two interesting trends. 0:04:53.800 --> 0:04:56.200 Number One, a lot of people are spending on buy now, 0:04:56.320 --> 0:05:00.880 pay later, and we are seeing them buying less luxury 0:05:00.960 --> 0:05:04.240 items with this spending. So it feels like the consumer 0:05:04.320 --> 0:05:07.239 is starting to feel the pitch and rather than going 0:05:07.240 --> 0:05:10.320 out spending big money is saying, look, this might be 0:05:10.360 --> 0:05:14.080 a good opportunity to start cutting back out of spending. 0:05:14.279 --> 0:05:17.680 Bloomberg's Eddie vander Walt says global Black Friday sales rose 0:05:17.760 --> 0:05:21.360 twenty two percent, led by clothing, personal care, and jewelry. 0:05:21.960 --> 0:05:25.520 The owner of TikTok is cutting jobs. Bye Dance plans 0:05:25.520 --> 0:05:28.599 to eliminate hundreds of positions in gaming and wind down 0:05:28.600 --> 0:05:32.400 at Showpee s brand Uverse. The closure marks by Dan's 0:05:32.440 --> 0:05:36.040 biggest retreat from a once booming gaming industry dominated by 0:05:36.080 --> 0:05:39.120 ten Cent and at smaller faux net Ease. Sources say 0:05:39.120 --> 0:05:42.039 the Chinese company intends to announce the cuts later today. 0:05:45.960 --> 0:05:47.480 Time now for a look at some of the other 0:05:47.520 --> 0:05:49.760 stories making news around the world, and for that we're 0:05:49.880 --> 0:05:51.520 joined by Bloomberg's John Tucker. 0:05:51.560 --> 0:05:54.479 Good morning Job, Hey, Good morning Amy. The US is 0:05:54.520 --> 0:05:58.320 investigating whether Iran was behind an incident in which missiles 0:05:58.400 --> 0:06:02.240 were fired near the Navy destroy USS Mason. The Mason 0:06:02.320 --> 0:06:05.280 intervene to stop the hijacking of a commercial cargo ship 0:06:05.320 --> 0:06:08.679 by pirates in the Gulf of Aidenere, Somalia on Sunday, 0:06:09.040 --> 0:06:12.520 after which two ballistic missiles were fired from Yemen tour 0:06:12.600 --> 0:06:15.560 the Navy destroyer. The ballistic missiles were fired from the 0:06:15.600 --> 0:06:18.960 part of Yemen controlled by Iranian backed Hutu rebels. They 0:06:19.000 --> 0:06:21.640 fell well short of the mark. We could be looking 0:06:21.680 --> 0:06:24.719 at a shakeup in the battery industry that's critical for 0:06:24.800 --> 0:06:28.160 the energy transition battery giants are starting to put their 0:06:28.200 --> 0:06:31.719 money on a new sodium based technology. Let's get more 0:06:31.760 --> 0:06:33.960 in this report from Bloomberg's Denise Pellegrini. 0:06:34.279 --> 0:06:38.080 Sodium from rock salt and brines is cheaper and way 0:06:38.120 --> 0:06:41.520 more abundant than the lithium widely used now in batteries. 0:06:41.640 --> 0:06:44.240 But in the past week alone, Sweden's Northfold said it 0:06:44.240 --> 0:06:47.359 made a breakthrough, and China's ev maker BYD signed a 0:06:47.400 --> 0:06:50.039 deal to build a one point four billion dollar sodium 0:06:50.080 --> 0:06:54.080 ion battery plant. Also, China's coatl said back in April 0:06:54.080 --> 0:06:56.839 at sodium based batteries would be used in some vehicles 0:06:56.880 --> 0:07:00.320 starting this year. This could all hit lithium demand Hardloomberg 0:07:00.320 --> 0:07:02.880 GETTYF has said sodium could cut hundreds of thousands of 0:07:02.960 --> 0:07:06.600 tons of lithium demand by twenty thirty five. Denise Pellegridy 0:07:06.600 --> 0:07:07.400 Bloomberg Radio. 0:07:07.560 --> 0:07:10.520 This post Thanksgiving travel rush could be won for the books. 0:07:10.880 --> 0:07:13.480 American Airlines said that it flew six and a half 0:07:13.480 --> 0:07:17.080 million customers over the holiday, the highest ever for the airline. 0:07:17.320 --> 0:07:20.080 Of this traveler at New York Liberty Airport spoke for 0:07:20.160 --> 0:07:21.640 many I travel. 0:07:21.320 --> 0:07:23.960 From California to New York back and forth all the time. 0:07:24.320 --> 0:07:26.240 I have never had this much of a weight. 0:07:26.360 --> 0:07:27.880 I don't know why. 0:07:28.120 --> 0:07:31.280 American says it had more than sixty one hundred departures 0:07:31.360 --> 0:07:35.800 Sunday and expects about six thousand flights today. The Biden 0:07:35.840 --> 0:07:38.960 administration today will announce a redoubling it measures to strengthen 0:07:39.000 --> 0:07:42.440 supply chains. It's creating a new White House Council on 0:07:42.560 --> 0:07:46.000 Supply Chain Resilience. The council will conduct a supply chain 0:07:46.080 --> 0:07:50.760 review mirroring similar strategic documents prepared for National Defense at 0:07:50.800 --> 0:07:54.240 Homeland Security. Global News twenty four hours a day and 0:07:54.400 --> 0:07:57.600 whenever you wanted with Bloomberg News Now. I'm John Tucker 0:07:57.720 --> 0:07:59.440 and this is Bloomberg Amy. 0:07:59.520 --> 0:08:01.880 All right, thank you, John. We bring you news throughout 0:08:01.880 --> 0:08:04.160 the day here on Bloomberg Radio. But now you can 0:08:04.200 --> 0:08:07.040 get the latest news on demand whenever you want it. 0:08:07.400 --> 0:08:10.600 Subscribe to Bloomberg News Now to get the latest headlines 0:08:10.640 --> 0:08:14.280 at the click of a button. Get informed on your schedule, 0:08:14.720 --> 0:08:17.400 and you can listen and subscribe to Bloomberg News Now 0:08:17.480 --> 0:08:21.640 on the Bloomberg Business app, Bloomberg dot com plus Apple, Spotify, 0:08:21.760 --> 0:08:30.040 and anywhere else you get your podcasts. Time now for 0:08:30.080 --> 0:08:32.640 our Bloomberg Sports Update and for that, we bring in 0:08:32.720 --> 0:08:34.959 John stash hour Amy. 0:08:35.000 --> 0:08:37.400 The game of the day was in Philadelphia. The Eagles 0:08:37.480 --> 0:08:40.240 trailed Buffalo by ten points in the fourth quarter, trailed 0:08:40.280 --> 0:08:43.120 by three with twenty seconds to go when Jake Elliott 0:08:43.160 --> 0:08:45.360 tied the game with a fifty nine yard field goal. 0:08:45.640 --> 0:08:48.920 Philly also trailed in overtime, but Jalen Hurt scored a 0:08:48.920 --> 0:08:52.080 touchdown and the Eagles beat the Bills thirty seven to thirty. 0:08:52.080 --> 0:08:52.320 Fourth. 0:08:52.400 --> 0:08:55.679 Philly is ten and one. The Bill's having a disappointing 0:08:55.720 --> 0:08:59.280 season at six and six. The Patriots having a really 0:08:59.280 --> 0:09:00.360 disappointing season. 0:09:00.360 --> 0:09:01.560 They are two to nine. 0:09:01.880 --> 0:09:04.720 Lost to the Giants ten to seven when Chad Ryland 0:09:04.720 --> 0:09:07.400 missed a thirty five yard field goal with three seconds 0:09:07.400 --> 0:09:09.800 to go. Ravens last night improved to nine and three. 0:09:10.160 --> 0:09:13.079 They beat the Chargers twenty to ten. The Steelers are 0:09:13.120 --> 0:09:16.320 seven and four, all seven wins by seven points or less. 0:09:16.320 --> 0:09:18.839 They've been outscored on the season, but Pittsburgh able to 0:09:18.880 --> 0:09:22.040 win at Cincinnati sixteen to ten. Bengals played without the 0:09:22.080 --> 0:09:25.400 injured quarterback Joe Burrow. Carolina dropped a one in ten, 0:09:25.480 --> 0:09:28.520 lost to Tennessee seventeen to ten. Indianapolis Street Tampa Bay 0:09:28.600 --> 0:09:31.600 twenty seven to twenty Michael Pittman had over one hundred 0:09:31.679 --> 0:09:35.760 yards in receptions. Two SEC schools with new football coaches 0:09:35.800 --> 0:09:38.679 at Texas A and m it's Mike Elko. He had 0:09:38.720 --> 0:09:41.600 been at Duke the last two years and the previous 0:09:41.640 --> 0:09:46.240 to that he was the Aggies defensive coordinator. Mississippi State's 0:09:46.320 --> 0:09:49.480 new coaches Jeff Levy, he had been the offensive cornator 0:09:49.760 --> 0:09:53.240 head Oklahoma. Another f one win for Max first staff 0:09:53.240 --> 0:09:56.000 and that's nineteen out of twenty two races. That's the 0:09:56.040 --> 0:09:58.560 most ever. Celtics still on beating at home. They beat 0:09:58.600 --> 0:10:00.720 the Hawks one thirteen to one of three. Jason Tatum 0:10:00.800 --> 0:10:03.880 score thirty four. Johns dash that We're Bloomberg Sport. 0:10:06.000 --> 0:10:09.000 From coast to coast, from New York to San Francisco, 0:10:09.320 --> 0:10:13.920 Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg 0:10:14.000 --> 0:10:16.040 Business app, and Bloomberg dot Com. 0:10:16.200 --> 0:10:21.040 This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Today 0:10:21.160 --> 0:10:24.000 is scheduled to be the final full day of a 0:10:24.120 --> 0:10:27.400 four day truce between Israel and Hamas, but after the 0:10:27.440 --> 0:10:31.320 release of dozens of hostages from Gaza, including a four 0:10:31.400 --> 0:10:35.000 year old American Israeli girl. Both sides are now signaling 0:10:35.000 --> 0:10:37.640 this pause could be extended. And for the latest, we're 0:10:37.720 --> 0:10:41.920 joined from Tel Aviv by Bloomberg News reporter Simon Marx. Simon, 0:10:42.040 --> 0:10:44.520 good morning. What is the likelihood that we could see 0:10:44.520 --> 0:10:47.040 an extension given the number of hostages that have been 0:10:47.080 --> 0:10:47.920 released so far? 0:10:49.760 --> 0:10:54.160 Well, so far, the chances of this taking place seem 0:10:54.440 --> 0:10:58.120 to be making some good progress. Hamas has released a 0:10:58.160 --> 0:11:00.440 statement saying that in theory they would have greed to 0:11:00.520 --> 0:11:05.679 an extension, and Israel, for the whole way along this 0:11:05.840 --> 0:11:08.840 current truce, has said that it would be open to 0:11:08.920 --> 0:11:13.920 further days, So we're talking about ten per day for 0:11:14.040 --> 0:11:18.320 up to ten days. You know, diplomats in the city 0:11:18.400 --> 0:11:22.760 do expect that we will see one or two more days. 0:11:22.760 --> 0:11:24.840 It's a little unclear whether we're going to get to 0:11:24.840 --> 0:11:27.680 the full ten. But there is obviously a lot of 0:11:27.720 --> 0:11:30.640 pressure on the government of Benjamin Netta and Yahoo to 0:11:30.679 --> 0:11:33.400 continue the release of the hostages, with the families still 0:11:33.440 --> 0:11:35.840 campaigning and very vocal on this front. 0:11:36.160 --> 0:11:38.680 Yeah, that's happening on the outside. Talk a little bit 0:11:38.720 --> 0:11:42.120 more about as well, the behind the scenes pressure that's 0:11:42.480 --> 0:11:47.920 happening with Israel and Hamas to potentially secure a further ceasefire. 0:11:48.520 --> 0:11:48.760 Yeah. 0:11:48.840 --> 0:11:51.840 I think the main reason for this is that the 0:11:51.840 --> 0:11:56.280 international community would like to see more aid get into Gaza. Obviously, 0:11:57.160 --> 0:12:01.000 the strip has been pounded for weeks now, there's still 0:12:01.160 --> 0:12:03.440 at least one hundred thousand people in the north with 0:12:03.679 --> 0:12:07.600 very very limited access to any form of humanitarian care, 0:12:07.920 --> 0:12:10.040 and then in the south you've got over a million 0:12:10.080 --> 0:12:15.679 displaced people in you know, really devastating conditions. So there 0:12:15.679 --> 0:12:18.360 were two hundred trucks that managed to get over the 0:12:18.400 --> 0:12:22.480 border from Egypt on Sunday. There's been about two thousand 0:12:22.600 --> 0:12:25.120 in total. But the hope is is that increases a 0:12:25.160 --> 0:12:26.840 lot a lot more in the coming days. 0:12:27.080 --> 0:12:30.480 What's the feeling about whether there is enough aid going 0:12:30.520 --> 0:12:35.320 in right now and whether that aid could potentially be 0:12:35.640 --> 0:12:39.600 used to support Hamas. There has to still be that 0:12:39.720 --> 0:12:43.439 concern among the Israelis, right, Yeah. 0:12:43.320 --> 0:12:45.400 Of course, And you know, this is part of the 0:12:45.440 --> 0:12:48.920 reason why the bureaucracy around getting trucks in, the checks 0:12:48.960 --> 0:12:55.480 and balances from the Israelis were so stern and and 0:12:55.559 --> 0:12:57.720 it's also part of the reason why getting aid in 0:12:57.880 --> 0:13:00.560 was actually difficult in the beginning. That it does seem 0:13:00.640 --> 0:13:04.080 in recent days to have opened up. There is this 0:13:04.200 --> 0:13:06.920 notion that, you know, if Israel is to continue its 0:13:07.000 --> 0:13:12.040 ground offensive against Hamas, that in return, they cannot be 0:13:12.120 --> 0:13:15.440 seen to be blocking eight you know, and flouting international 0:13:15.559 --> 0:13:21.600 humanitarian law. But yes, I mean Hamas fighters are spread 0:13:21.720 --> 0:13:25.600 throughout the Gaza Strip, and many people seem to think 0:13:25.640 --> 0:13:28.760 that they have a presence in the south too, where 0:13:28.800 --> 0:13:30.199 there are a lot of civilians. 0:13:30.400 --> 0:13:33.760 And that factors into a lot of the commentary that 0:13:33.800 --> 0:13:38.520 we're hearing from a particularly congressional Democrats in Washington, d C. 0:13:38.800 --> 0:13:41.680 That future aid to Israel might need to be conditioned 0:13:42.120 --> 0:13:48.880 on international humanitarian law being followed more stringently. How is 0:13:48.960 --> 0:13:53.480 that potentially factoring in to Israel's decision making when it 0:13:53.520 --> 0:13:57.520 comes to extending the pause in fighting or carrying on 0:13:57.559 --> 0:14:01.960 this war even further once whenever the pause ends, it 0:14:02.000 --> 0:14:02.680 does end. 0:14:04.120 --> 0:14:04.920 Well very much. 0:14:04.960 --> 0:14:05.040 So. 0:14:06.160 --> 0:14:12.800 Israel are extremely dependent on diplomatic and material support from 0:14:12.840 --> 0:14:17.520 the United States. Without that, I think, you know that 0:14:17.679 --> 0:14:22.680 the pressure for them to stop this war is going 0:14:22.720 --> 0:14:26.080 to mount. So far, we've seen a lot of pressure 0:14:26.080 --> 0:14:31.760 from Biden's administration to make sure Israel do allowed aid in, 0:14:31.960 --> 0:14:35.080 but there hasn't been you know, a stringent call for 0:14:35.120 --> 0:14:39.120 any longer term ceasefire. So it does seem that this 0:14:39.280 --> 0:14:42.280 green light essentially for Israel to go back in to 0:14:42.360 --> 0:14:44.960 the Gaza Strip once this truce comes to an end, 0:14:45.480 --> 0:14:48.400 is very much there, even though perhaps in some other 0:14:48.480 --> 0:14:52.360 corners of the world, particularly the Gulf and parts of Europe, 0:14:52.480 --> 0:14:55.880 obviously the pressure is mounting. But yeah, as we all know, 0:14:56.360 --> 0:14:59.560 the main bidder here is the United States. 0:15:00.040 --> 0:15:03.480 And as this pause continues, Simon, are there risks of 0:15:03.520 --> 0:15:06.560 other fronts opening while the pause goes on. I mean 0:15:06.640 --> 0:15:09.520 there's been sporadic fighting that we've been reporting on in 0:15:09.560 --> 0:15:12.080 the West Bank, as well as the back and forth 0:15:12.120 --> 0:15:13.880 over the Israeli Lebanon border. 0:15:15.720 --> 0:15:18.920 Yes, definitely. As you mentioned the West Bank, I mean 0:15:19.720 --> 0:15:22.400 just overnight there has been a report there were eight 0:15:22.480 --> 0:15:25.000 Palestinians killed in the West Bank in an air strike. 0:15:27.040 --> 0:15:30.840 The situation is very restive there that there is growing 0:15:30.960 --> 0:15:36.200 settler violence. Since October seven, Jewish settlers in the area 0:15:36.280 --> 0:15:40.280 have carried out way over two hundred attacks on Palestinian communities, 0:15:40.640 --> 0:15:43.600 and the Israeli army have also come down pretty tough 0:15:43.600 --> 0:15:50.600 on demonstrators and suspected sympathizers of Hamas. The population there 0:15:50.720 --> 0:15:55.400 in general feels like it's being occupied and oppressed, and 0:15:55.400 --> 0:15:58.680 that the Palestinian authority which runs the show there in 0:15:58.720 --> 0:16:02.800 some areas, isn't really representative of them. Obviously, if things 0:16:02.840 --> 0:16:07.160 continue in this direction, there's massive risks of it boiling over, 0:16:07.720 --> 0:16:11.920 and then, you know, I think beyond that, beyond Israel's borders. 0:16:13.600 --> 0:16:16.880 So far it has been more or less contained, but 0:16:17.120 --> 0:16:20.280 it is very, very worrying. We saw Israel strike the 0:16:20.320 --> 0:16:26.880 airport in Damascus not that long ago, targeting, yeah, targeting 0:16:27.160 --> 0:16:31.040 Iranian targets there. So clearly it's a it's a huge risk. 0:16:32.480 --> 0:16:35.560 This is Bloomberg Daybreak Today, your morning brief on the 0:16:35.600 --> 0:16:39.000 story's making news from Wall Street to Washington and beyond. 0:16:39.280 --> 0:16:42.280 Look for us on your podcast be by six am 0:16:42.400 --> 0:16:46.560 Eastern each morning on Apple, Spotify, and anywhere else you 0:16:46.680 --> 0:16:47.760 get your podcasts. 0:16:48.120 --> 0:16:50.800 You can also listen live each morning starting at five 0:16:50.840 --> 0:16:54.080 am Wall Street time, on Bloomberg eleven Priezero in New York, 0:16:54.240 --> 0:16:57.480 Bloomberg ninety nine to one in Washington, Bloomberg one six 0:16:57.480 --> 0:17:01.080 to one in Boston, and Bloomberg nine six in San Francisco. 0:17:01.520 --> 0:17:05.120 Our flagship New York station is also available on your 0:17:05.200 --> 0:17:08.560 Amazon Alexa devices. Just say Alexa. 0:17:08.680 --> 0:17:12.000 Play Bloomberg eleven thirty plus. Listen coast to coast on 0:17:12.000 --> 0:17:16.679 the Bloomberg Business app, siriusxmb iHeartRadio app, and on Bloomberg 0:17:16.760 --> 0:17:18.640 dot Com. I'm Nathan Hager and. 0:17:18.600 --> 0:17:22.280 I'm Amy Morris. Join us again tomorrow morning for all 0:17:22.320 --> 0:17:25.119 the news you need to start your day right here 0:17:25.160 --> 0:17:26.480 on Bloomberg Daybreak