Bloomberg Daybreak: US Edition

On today's podcast: 1) Israel and Hamas extended their truce late Monday after agreeing to release more hostages and prisoners and Washington said it was dispatching its top diplomat to the region for more talks over the conflict in Gaza. 2) Elon Musk was in Israel being welcomed by the nation’s political elite — including Prime Minister Benjamin Netanyahu — to visit the region where the Islamic militant group Hamas murdered 1,200 people on Oct. 7. 3) European stocks fell for a second day and US futures pointed to a weaker open on Wall Street amid signs the November rally in equities is overstretched.   Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. First, you want to get to the latest developments in the Middle East. Israel and Hamas have agreed to extend their truth. They will pause fighting until early Thursday. That brings the halt to six days, and we get the latest from Bloomberg's Rosalind Matheson. What we know is that this extension, which was somewhat expected, is likely to be under the same terms as we've seen so far, which is roughly, for every one hostage released by Harmas one Israeli hostage, that there's at least three Palestinian hostages released in turn by the Israelis. That's about a one for three exchange. What we do know is that those exchanges have happened so far every day in the truth, even if they've happened sometimes quite late in the day because there has been continued arguing through the day about some of the terms and conditions. Bloomberg's Roz Mathison says the truce comes as Secretary of Saint Anthony Blinken heads to Israel for the third time since the Hamas attack. Well, Nathan Elon Musk says he liked to help rebuild Gaza after the war with Hamas. The billionaire was in Israel yesterday and made the comments in a conversation with Israeli Prime Minister Benjamin Nettan Yahoo. Those who are intended motor must be neutralized. Then the propaganda must stop. That is training people to be murtorers in the future, and then and then making Gaza prosperous. And if that happens, I think will be good future. Well, I hope you will be involved in it, and I'd love to help and muss Israel Visit appears to be an effort to diffuse a growing backlash over his endorsement of an anti Semitic tweet. Last week. Corporations including Apple and Walt Disney stopped advertising on Eggs over concerns of increasing anti Semitism and hate speech on the site since he purchased it well Karen. The first of three US military relief flights carrying aid for the Gaza Strip is set to arrive in Egypt later today. Senior US official say the flights will carry winter clothing, food, medical items, and supplies specifically for children. This comes as the Biden administration seeks to escalate assistance to Palestinian civilians amid pressure from fellow Democrats. Well, Nathan ad to Israel is one of the issues of waiting lawmakers on Capitol Hill. The House is back in session today after the holiday break. Senate Majority Leader Chuck Schumer says he wants to vote as soon as next week on one hundred and six billion dollars in aid to Israel, Ukraine, and border security, but former Republican Congressman mcmulvaney says it'll be tough to pass it all before the end of the year because Congress is not facing a government shut down deadline by then. Typically big deals would get done at Christmas and again right before the August recess because that's when Congress wants to go home. Well, they don't have the sort of the sword of Damicles to hold over the members right now because the funding deals go beyond Christmas, and former Congressman mcmulvaney says Israel aid could pass alone before Christmas because it has bipartisan support. And he was guest on Bloomberg's sound On. Get the full interview on the sound On podcast. Well, meanwhile, Karen President Biden is cautioning corporations against taking advantage of inflation relief. We get that story from Bloomberg's Ed Baxter. President Biden has taken credit for easing supply chain pressures and lowering inflation, but says more needs to be done. Let me be clear, to any corporation that's not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt, it's time to stop the price gouging. You've given the American consumer a break. Biden also says he set up a council review supply chain actions, calling it an early warning system. Head Baxter Bloomberg Radio, All right, Ed, thank you well. We turn to the markets now, and it's shaping up to be a November two remember. We get the latest from Bloomberg's John Tucker. John and Karen stocks have rallied more than eight percent, marking one of their strongest gains for the month since records began. Signs of slowing inflation and measured jobs growth have also unleashed a treasury rally, with scent yields tumbling for their highest and more than a decade, and those lower yields mean the dollar is headed for its steepest monthly drop in a year. There's a consensus that not only has the Fed stop raising interest rates, but investors are pricing in around ninety five basis points of rate cuts into the end of next year. Well, not everybody's on board with a bowl case. Strategists that city groups say underlying bullish signs from futures flows are starting to fade. I'm John Tucker, Bloomberg Radio. Okay, John, thanks, you got some news on the IPO market this morning. Sources tell Bloomberg Reddit is again holding talks with potential investors for an initial public offering for the social media company, and we get that story from Bloomberg's Charlie Pellett. Hope Folds aren't preparing for a long awaited reopening of the market for new listings, sources say. The San Francisco based firm, whose users help fuel the meme stock frenzy that made twenty twenty one a ban a year for equities, is weighing an IPO as soon as the first quarter. Bloomberg news last year that Reddit was working with Morgan Stanley and Goldman Sachs on the listing and was considering a valuation of as much as fifteen billion dollars in New York. Charlie Pellett, Bloomberg Radio, all right, Charlie, thank you well, fast fashion retailer. She and has filed confidential confidentially with US regulators for an IPO that could take place next year. Bloomberg News has learned the online retailer, which was founded in China's working with Goldman Sachs, JP, Morgan Chase and Morgan Stanley on the listing. She has come under fire for poor labor conditions and factories in partners with overproduction of poor quality garments and the use of cotton from a Chinese region accused of using forced labor. Futures this morning, little change nasday futures lower though down a tenth of a percent on about twenty two points ten year treasury down two thirty seconds you four point three nine percent, and a yield on the two years at four point nine zero percent. Straight ahead, we have more local headlines, plus check of sports, and this is Bloomberg and it is time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris Any Good morning, Good morning, Karen. Scandal plagued New York Republican Representative George Santos has acknowledged he expects to be expelled from the House as soon as this week. House Speaker Mike Johnson was asked if there would be a vote on the fate of mister Santos as soon as this week. We've spoken to Coxsman Santos at some length over the holiday and talked to him about his options, but we'll have to see. It's not yet determined. The latest blow came in the form of a fifty six page report from the Health Ethics Committee released earlier this month, outlining substantial evidence that mister Santos violated federal law. The Justice Department has charged Santo's with conspiracy, wire fraud, fallse statements, falsification of records, aggravated identity theft, and credit card fraud. Border security is a key part of a broader legislative deal that lawmakers want to complete before the end of this year, but lawmakers are not likely to include a pathway to citizenship for young immigrants protected by the Deferred Action for Childhood Arrivals program in the border deal wrapped in that conversation a national security funding request from the White House, including eight for Ukraine. Senate Majority leader Chuck Schumer. The biggest hold up to the national security supplement is an insistence by some Republicans, just some on partisan border policy as a condition for Ukraine aid. Senator Chris Murphy of Connecticut, a top Democratic negotiator in those talks, says wild Daka is a priority that Democrats would want to see included in the deal, it does not align with what Republicans want the final bill to look like. A Moscow court has extended the detention of US reporter Avan Gershkovich. Gershkovich was arrested in Russia earlier this year. He's accused of spying. Today's hearing was held behind closed doors, no press allowed inside. His detention will be extended through January thirtieth. Memorial service is being held in Atlanta for former First Lady Rosalind Carter, President Biden, First Lady Jill Biden, and other former First Ladies. Malania Trump, Hillary Clinton, and Laura Bush are all expected to attend services this afternoon on the campus of Emory University. Jimmy Carter is also planning to be there. Rosalind Carter rather Rosalind Carter Pardon me died on November nineteenth at the age of ninety six. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Maybe Morris and this is Bloomberg Karen. All right, Amy, thank you what we do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Just subscribe to Bloomberg News Now to get the latest headlines at a click of a button. Get informed on your schedule. You can listen and subscribe to Bloo

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

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) US Equities 2024 Outlook: The Double Dip 2) Falling house prices could worsen the crunch facing households when they come to refinance their fixed-rate mortgage deals, according to research from the Bank of England. 3) South Korea’s early trade data show exports are likely to maintain their growth momentum this month, continuing their rebound from a year-long slump and helping brighten the outlook for global commerce. 4) Republican ultra-conservatives are running out of patience less than four weeks after installing one their own, Mike Johnson, as House speaker, signaling turmoil ahead and heightened risk of a government shutdown in the new year.See omnystudio.com/listener for privacy information.

On today's podcast: 1) The first truce since the war between Israel and Hamas erupted last month went into effect on Friday morning. The deal came after weeks of complex and delicate talks brokered by Qatar, the US and Egypt. The halt in fighting in Gaza is intended to last for four days. Hamas, an Iran-backed militant group, is meant to return 50 of the almost 240 hostages it captured from Israel, while the Israelis will release 150 jailed Palestinians and allow more aid into Gaza. 2) The Canadian mayor of Niagara Falls, Jim Diodati, said the Rainbow Bridge is expected to reopen in a day or two, after a car explosion that killed two people shuttered the busy crossing between the US and Canada. 3) Barclays Plc is working on plans to reduce costs by as much as $1.3 billion over several years, which could involve slashing as many as 2,000 jobs, according to Reuters.   Full transcript:|Good morning. I'm Nathan Hager and I'm John Tucker. Here are these stories we're following today. The first group of Israeli hostages is expected to leave the Gaza Strip soon in a deal that's meant to return fifty of the nearly two hundred and forty captives that Hamas took from Israel. Israel plans to release one hundred and fifty jailed Palestinians. All involved are women and people under the age of nineteen. This stop in fighting is intended to last for four days. It marks the first major lull in this war since it began October seventh. Israeli Prime Minister Benjamin Netanyah, who says the military offensive will go on after that. We hope to get this first tronch out and then we're committed to getting everyone out, but we'll continue with our fore aims namly to eradicate Kamas, because Kamas has already promised that they will do this again and again and again. Israeli Prime Minister Benjamin Netanyah, who says he has delivered that same message in a phone call to President Biden. We had along with a hostage release, the deal will also allow for more AID into Gaza. Bloomberg's owner Aunt says the humanitarian aid is critical for the people at Gaza. The very first trucks that went in we're carrying cooking gas, which obviously is very critical for more than two million people are currently living in Gaza in what the UN calls a dire humanitarian situation. Bloomberg's owner Aunt reports Palestinians were emerging from temporary shelters and crowded the streets as southern Gaza as the AID trucks entered. Back in the US, we want to bring you update from the events that unfolded on the Rainbow Bridge at Niagara Falls this week. New York Governor Kathy Hochel says that bridge is back open after a car explosion on Wednesday killed two people and closed that crossing between the US and Canada. Hockel says there is no sign of terrorism so far. She adds a suspect of ties to Western New York has been identified. Investigation will determine if the blast was intentional or an accident. The holiday shopping season kicks into full swing today, with shoppers searching for Black Friday and Cyber Monday deals. Deloitte Saniel Thanksgiving survey. He finds consumers plan on spending and average almost five hundred and seventy dollars on both days. That's up thirteen percent from last year. And Bert Flickinger managed Rector with Strategic Resource Groups. As shoppers are feeling confident, however, they're using a new tool this shopping season. It's going to be by now, pay later. Fifteen percent of all purchases will be that way, and consumers are still taking on credit card debt, but sixty three percent of consumers will be buying with debit card and trying to put less on credit as interest rates have climbed and the average household has seventeen thousand and revolving unpaid credit card debt. Bert Flickinger with Strategic Resource Groups. As many consumers plan to do much of the shopping during Black Friday and Cyber Monday in order with their spending limits, traders are going to be following the traditional kickoff of the holiday shopping season today as well as SMP Global Manufacturing PMI data that comes after the Eco data dump we saw on Wednesday. It showed a drop in jobless claims and expectations that inflation will climb from the University of Michigan sentiment poll. The bond market is open till two pm Wall Street time today, and the New York Stock Exchange and the Nasdaq close at one and we're also following financial news in Europe this morning. Starting in the banking sector, Barkley's aiming to reduce costs by as much as one point three billion dollars over the next several years and could cut up to two thousand back office jobs that's about two percent of its workforce. This according to a report from Reuter's. Bloomberg's Jenny Serdaine says investors are looking for a renewed strategy after a disappointing third quarter. I think a lot of this is driven by investors just really being unhappy with how this company has been run. And so you've got you know, vin Kata Krishnan, their CEO, who's really looking at trying to take some big, bold moves here and promising that he's going to have a strategy update that will really make clear how to bring Barklays out of this position that they're in. Bloomberg's Jenny Strain says Barkleys could make more cuts in other areas outside the back office. Barkley's share is down about eleven and a half percent this year, and checking those shares now John they're up about a half percent in the pre market in London. Staying in Europe, the economic picture is getting darker in Germany. The German government is suspending a constitutional limit on net new borrowing for a fourth straight year as it struggles to recover from an energy induced downturn last winter. This move to lift the so called debt break will be part of a revised twenty twenty three budget. Chancellor Olof Schultz's government was forced into a radical budget overhaul after a ruling last week from the nation's top court. And turning to Asia, the Chinese government ramping up pressure on banks to support struggling real estate developers. Bloomberg's David English has more we here, trying to may allow banks to offer unsecured short term loans to qualified developers for the first time. These so called working capital loans would offer funds for day to day operations. The loans are different from other types of debt that require land or assets as collateral. We reported that authorities are finalizing this list of developers eligible for that aid. Sources say the list includes Country Garden and sign a Ocean Group. Country Garden shares jump twenty four percent yesterday on word that it was included in that list in Hong Kong. I'm David Ingliss Bloomberg Radio. Okay, David, thanks to earlier this week, oh Peck plus pushback and gathering to finalize output levels for next year by four days to November thirtieth. Now, the group says that meeting will take place online and now it's time to take a look at some of the other stories making news around the world with Bloomberg's Michael Barr. Good Morning, Michael, Good Morning, Nathan and Ireland. Violent clashes broke out in central Dublin after a five year old girl was seriously injured in a NiFe attack that also saw a woman and two other young children hospitalized. Police and the attack happened near a school. Soon after, at least one hundred people took to the street, some armed with metal bars. Police said. Over four hundred officers, including many and riot gear were deployed in Dublin city center to contain the unrest. The head of the Irish Police Guarded Commissioner Drew Harris. We have a complete lunatic hooligan faction driven by far right ideology, and also then this disruptive tendency here engaged in serious violence. Commissioner Harris says a person of interest, a man in his fifties, was arrested at the scene. New York City Mayor Eric Adams has been accused of sexually assaulting a woman in nineteen ninety three. The three page legal document does not contain details of the alleged assault. Adams denied the allegations absolutely not true. You know, I would never do anything to anyone, and it's just really say, you know, my career speaks for itself. The suit comes just hours before New York's Adult Survivor's Act expires, which eliminates the statute of limitations for accusers of sexual abuse to come forward. The filing seeks a trial and five million dollars in relief. Evacuation orders have been lifted near the scene of a tank or train derailment in eastern Kentucky. The trains operator CSXAS sixteen cars went off the rails Wednesday afternoon near the small town of Livingstone, Dustin Heiser with Kentucky Emergency management throughout this entire event. The safety of the public has been our number one concern. The derailment sent dangerous fumes into the air. UN Secretary General Antonio Guterrees is visiting Antarctica just before the COP twenty eight climate talks begin. Gu Terras called the continent's warming devastating warming air and ocean temperatures are causing Antarctic ice to melt. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Michael Barr, and this is Bloomberg Ninth It him Michael. Thanks. You can get much more Bloomberg on your dashboard with the new Bloomberg Business App featuring Apple Car Play and Android Auto. You get access to every Bloomberg podcast, live audio feeds from Bloomberg Radio, even print stories in audio form from Bloomberg News. Download it from the Apple App Store or Google Play. Connect your phone to your car and get started with the Bloomberg Business App. Presented by our sponsor, Interactive Brokers. Time now for the Bloomberg Sports Update, brought to you by tri State Outing. Good morning, Nathan, the NFL at the triple header on Thanksgiving, the Packers knocking off the lines in Game one twenty nine to twenty two of the Cowboys dominated the Commanders in Game two opics and stays in the block. That's to late on Hawker. Is that bliand news gott it you streaking out the sideline? H

Bloomberg Daybreak Holiday Edition with Nathan Hager takes a look at some of the stories we're tracking around Thanksgiving. 1) What's in store for the energy space as OPEC+ delays its meeting?2) How are retailers faring as we enter the holiday shopping season?3) An update on some big antitrust cases, including the Justice Department's lawsuit against Google. 4) Plus, a look at the Ozempic effect on Thanksgiving dinner. See omnystudio.com/listener for privacy information.

On today's podcast: 1) Israel and Hamas Agree to Short Truce for Hostage Release 2) Altman Returns as OpenAI CEO 3) Nvidia Investors Give Ho-Hum Reaction to Latest Growth Surge See omnystudio.com/listener for privacy information.

On today's podcast: 1) OpenAI said it’s in “intense discussions” to unify the company after another tumultuous day that saw most employees threaten to quit if Sam Altman doesn’t return as chief executive officer.  2) Microsoft Chief Executive Officer Satya Nadella signaled that he’d be open to Sam Altman going back to OpenAI, rather than joining his company as part of a surprise move announced over the weekend. 3) The leader of Hamas said his group was close to reaching a “truce agreement” with Israel via Qatari mediation in rare public comments that suggest talks over freeing some hostages held by the Gaza-based group are progressing. 4) Nvidia’s quarterly results could still exceed sky-high investor expectations thanks to strong demand for generative artificial intelligence.   Full transcript:  Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen, we begin with the controversy surrounding open Ai. A day after the founder, Sam Altman left for Microsoft, the firm says it is in quote intense discussions to unify the company. In an internal memo reviewed by Bloomberg News, Vice president of Global Affairs, Anna Macanju says open Ai management is also in touch with Aldman. In an interview with Bloomberg News, Microsoft CEO Satia Nadella signaled he would be open to Aldman going back to open ai. We really want to partner with open ai, and we want to partner with Sam. And so you respect to where Sam is. He's working with Microsoft, and that is the case on Friday, and that'll be that's the case today, and we will I absolutely believe that'll be the case tomorrow. Microsoft CEO Satia Nadella says, no matter what happens, open ai needs governance changes. Microsoft shares closed at a record high yesterday. Nearly all of open AI's employees threatened to quit and follow Altman to Microsoft unless the current board resign. Gene Munster managing partner at deep Water Asset Management thinks Altman will land back at open AI. The board's going to be gone. So when if Altman goes back, by the way, that is my prediction what happens here. I think he's actually going to return to open AI. If he goes back to open AI, they're going to be more aggressive at opening these models up. And if he stays with Microsoft, they're going to be more aggressive. And I think at the end of the day, you're probably going to see faster adoption of AI features. It's been coming at a neck break speed, but I think it's going to be even faster based on everything that's happened here. This is really allowing Altman to take his gloves off and probably do what he's wanted to do for the last eight years, and that's deep Water Asset Management's Gene Munster speaking to Bloomberg. Now, let's get to the latest from the Middle East. The leader of Hamas Ismail Hania says his group is close to reaching a truce agreement with Israel through talks mediated by contract President Biden has said both sides are near a deal to free some of the two hundred and forty hostages Hamas seized in the October seventh attack. White House National Security spokesman John Kirby says there would need to be a pause in the fighting if you're going to secure the release of hostages, and we certainly hope we're going to be able to do that soon. You got to make sure they can get from where they are to safety and do that as safely as possible, which means you're going to have to have at least a temporary, localized stop in the fighting. White House spokesman John Kirby says it's been difficult getting information on the hostages because Hamas has control of that access. Meantime, Israeli forces continue to engage in heavy fighting in the Northern Gaza Strip. Israel's taking control of much of the Alshifa Hospital, which it says Hamas used as a command and control center. Well Nathan, the White House is open accounts on Meta's social media platform as threads for the President and Vice President, and Bloomberg said Baxter has the details. The White House says it's just another way to meet people where they are. It says it's been using different forms of media since the beginning of the administration, and this has been in motion for several weeks now, but the timing does come in the wake of Elon Musk's endorsement of antisemitic content, and according to sources, the White House is not considering ending its use of ex accounts because of that, although they do say the Musk post angered Biden and his aides Ed Baxter Bloomberg Radio OK, thank you. A new front's opening in the US China chip conflict. President Biden is shifting focus to an emerging area of the contest for technological supremacy, the process of packaging semiconductors that has increasingly seen as a path to achieving higher performance. The US isn't alone though, in recognizing the potential of so called advanced packaging. China too is capitalizing on an area that is not subject to sanctions, capturing global market share and achieving progress that it was denied in manufacturing high end chips well staying with ships. Nathan Nvidia reports earnings after the bill. The high flying semiconductor stock is up two hundred and forty five percent so far this year year. Mandy Singh, senior technology analysts for Bloomberg's and Video shares closed at an all time high yesterday, and Karen was staying on the earnings front. Zoom reported better than expected revenue on strong enterprise sales. The company who signature video software became the essential communications tool for home bound Americans during the pandemic, has now turned its focus to business customers, as Zoom has added features for those clients, including word processing, and stepped up the use of artificial intelligence to buttress its main video conferencing service. Nathan Investors also have their eyes on US treasuries, wondering if the world's deepest dead market will suffer a third straight year of losses, and we get more in this live report from Bloomberg's John Tucker. John, Good morning, Karen. Investors who anticipated twenty twenty three would be the year of the bond were instead hit by waves of turmoil, but the year may have a happy ending, as treasury sore this month, traders now bet the Fed is done with hiking interest rates and in fact will cut rates of the first half of next year. You hope that happy narrative gets support when the Fed today releases minutes of its last policy meeting. The surgeon bond price has also got a green light to continue yesterday after an auction of twenty year debt went off without a hitch. US treasuries have gained two point six percent this month through Friday, cutting the loss for the year to merely two tenths of a percent, according to data compiled by Bloomberg John Tucker Bloomberg Radio, All right, John, thank you. Finally, as we approach the Thanksgiving holiday, Black Friday and Cyber Monday, spending are projected to hit new highs. Consumers plan to spend an average of five hundred and sixty seven dollars during those two shopping events. That would be a thirteen percent increase from last year. That result is a record for Deloitte's annual Black Friday Cyber Monday survey. About eighty four percent of shoppers say they feel confident enough to stick with the budgets they set in September four and ten say they will finish their holiday shopping during this long holiday weekend, futures pointing to a month honestly hire open this morning on Wall Street. This is Bloomberg sor Ry Nathan. Thanks. It's time now for a look at some of the other stories making news around the world. For that were joined by Bloomberg's Amy Morris Amy, Good Morning, Good morning, Karen. Police in Ohio see a shooter opened fire at a Walmart, wounding four people before apparently killing himself. The attack took place last night out of Walmart and Beaver Creek in the Dayton metropolitan area. Beaver Creek Police Captain Scott Molnar says the four victims are currently being treated for their injuries. Centured four victims. The conditions of the victims right now is unknown, as they were all transported to area hospitals for treatment. Police did not immediately release the name of the gunman or a possible motive for the attack. Meanwhile, in Colorado, another mass shooting, police say three people are dead and fourth is in critical condition after a gunman opened fire in Custer County. Police say that gunman is on the run. They believe he was in a civil dispute with one of the victims over property lines. Donald Trump's gag order our hearing is over a panel of three federal appeals witnesses appeared reluctant to give Trump a green light to resume public attacks on witnesses, prosecutors, and court staff, but they did signal that they would be open to narrowing the scope of the gag order. Judge Patricia Millett, we certainly want to make sure that the criminal trial process and its integrity as truth finding function are protected. Use a careful scalpel here and not step into really sort of skewing in the political arena, don't we. The DC Circuit put the case on a fast track rather than a typical appeal, but did not say when it plans to rule. Trump's lawyers have already said they'll ask the Supreme Court to intervene if the Appeals Court doesn't lift the full order. Thanksgivings just two days away, but the travel rush is already underway by road, railer, runway. Millions of Americans are traveling this week. TSA expects this to be one of the busiest travel periods of the year. This traveler, flying out of the Oakland International Airport refuses to lose her cool if things go awry. I imagine there'll be a few, But how does your roll with it? Triple A says Today and tomorrow our peak travel windows, when nearly five million people will pass through airports, a million people will ride the rails, and fifty million Americans will be on the highway global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morrison. This is Bloomberg Karen. All right

On today's podcast: 1) OpenAI co-founder Sam Altman is joining Microsoft to lead its AI effort after the board replaced him with Twitch’s ex-CEO, a stunning reversal for the widely respected tech-evangelist who helped jumpstart the artificial intelligence boom. 2) Israeli forces engaged in heavy fighting with Hamas in the northern Gaza Strip overnight as the US said it was optimistic about a deal to free hostages held by the militant group. 3) Elon Musk railed against “bogus” media reports accusing him of antisemitism, issuing his strongest response yet after endorsing antisemitic content in a post on X that provoked outrage and alienated advertisers like Apple Inc. 4) Rosalynn Carter, who broke new ground as an activist US first lady by attending her husband’s Cabinet meetings and leading a presidential effort to improve care for the mentally ill, all while raising a young daughter at the White House, has died. She was 96. Full Transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Karen, we begin with a wild weekend in the world of artificial intelligence. Less than seventy two hours after he was ousted at OpenAI, the company behind chat GPT, which he helped to create, Sam Aldman has now been hired by Microsoft. He's going to lead Microsoft's new in house artificial intelligence team. Bloomberg Original's host A Zimazhar, author of AI newsletter Exponential View, says Microsoft CEO Satya Nadella didn't waste time nabbing old men. Satya has moved very quickly to shore up the commitments he has made to his customers. Microsoft has made a big bet on open ai, and the technology was now powering so many Microsoft products, including their most premium office Suite through the co pilot that was sort of part supported by OpenAI. So I think this is a very very rapid move on his part to ensure that Microsoft can continue to be a leader in developing and deploying AI systems for enceerprises. Bloomberg Original's host A zim Oshar says Greg Brockman and open ai co founder who also left, is going to be joining Altman at Microsoft as well, and right now shares of Microsoft are hire by two and a half percent in early trading. Well, Nathan Altman was fired on Friday after the board of open Ai said they lost confidence in him as a leader, and Bloomberg's Rachel Metz says open Ai offered few clues as to the reasons for the departure. Open ai leadership has put out memos internally at the company, saying that the board hasn't said that there was any quote mal season or anything like that, so it's not totally clear what the board was initially even accusing him of doing when it got rid of him, and Bloomberg's Rachel Metz says open AI's board hired former Twitch chief Emitted Sheer as chief executive. Microsoft CEO Sunny and Adela said his company looks forward to working with Sheer and remains admitted to the open Ai relationship. Well Karen, Another big name in tech is in the news this morning for a very different reason. Elon Musk is defending himself after an anti Semitic furor has deepened. More on that this morning from Bloomberg's John Tucker, John and Nathan Musk posted on x that he is not anti Semitic and he wishes only the best for humanity. A backlash erupted last week after the head of Tesla and AX agreed with a post that said Jewish people hold a dialectical hatred of white people advertised there's like Apple and Walt Disney pulled away from Max. What we used to know is Twitter. The Financial Times Meantime reports that advertising executives privately urged X CEO Linda Yakarino over the weekend to resign in order to save her reputation. A Musk is a track record of promoting hate speech, but not everyone is abandoned Musk. Hedge fund manager Bill Ackman was among those who leapt a Musk's defense. I'm John Tucker, Bloomberg Radio, Right, John, Thank you now. To the latest. In the Middle East, the White House says a deal is as close as it's ever been for Hamas to release hostages in exchange for Israel foreing Palestinian women and children from its prisons. Deputy National Security Advisor John Finer says the agreement could involve a multi day pause in the fighting in Gaza. That would first and foremost enable the hostages to actually be released safely, but that would also make it much easier to both bring humanitarian assistance into Gaza and also distribute that assistance. John Finer at the White House spoke on ABC's This Week Heard Sundays on Bloomberg Radio. Israel also released video of a tunnel chef near the Alshifa Hospital in Gaza City. Rear Admiral and Daniel Hungary with the Israel Defense Forces says it proves Hamas used the facility as a command center. Hamas was hiding and murdering our hostages in Shifa Hospital. Hamas was building terror tunnels underneath Shifa Hospital. Israel's government also says around back who he wearbules and Yemen hijacked a cargo ship in the Red Sea, being a key global shipping route elsewhere globally. In Argentina, Karen libertarian outsider Javier Malay will become the country's new president. Malay's promising a radical shakeup to fix decades of policy mismanagement. Speaking to crowds in Buenos Aires, the president to like to stress the need for immediate action, promise the situation in Argentina is critical. The changes that this country needs are drastic. There's no room for gradual measure, and there's no way to say it. Long lived freedom. Javier Malay spoke there through an interpreter and also highlighted Argentina's critical economic condition in that address to supporters. Markets in Argentina are close today for public holiday. Well Nathan, the world mourning the loss of former First Lady Rosalind Carter, and Bloomberg's Ed Baxter has more on the passing of the wife of former President Jimmy Carter. Rosalind Carter has been a tireless humanitarian both during the administration and then after, also a mental health advocate of the First Order. Two years ago, she was asked what makes a happy marriage. She says, many different things, but trying to make each other happy every day and do things together. We're always looking to do things for fine things we can do together. She has been at hospice care. At Baxter Bloomberg Radio, All right, Ed, thank you, Let's get you caught up on some corporate news this morning. We're watching shares of bay Or. They are plunging more than twenty percent. The German pharma and agriculture company stop the main study of its top experimental medicine due to a lack of efficacy. Beyer also lost a key US trial against its we'd killer roundup. And Nathan chares at Julius Bear. They are down about ten and a half percent. The Zurich based bank warning it's full of your profit will probably decline. The firm says provisions for bad loans. Jumped futures on Wall Street are higher. SMP futures up a tenth of a percent, as our down futures. Nasdaq futures up two tenths of one percent. Treasury yield right now four point four to four percent. This is Bloomberg, all right, Nathan, Thanks, It's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. See me, Good morning, Good morning, Karen. Former President Donald Trump and Texas Governor Greg Abbott served Thanksgiving meals yesterday and an airport hangar near the southern border to nearly two hundred border officials who will be stationed on the border over Thanksgiving. Afterwards, the governor endorsed Trump's twenty twenty four bid for the White House. I'm here today to officially proclaim my endorsement for Donald J. Trump to be President of the United States of America again. Abbot praising Trump for his border policies and battle to New York Representative George Santos face is another resolution to expel him from the House after the Thanksgiving holiday, Ethics Committee member and fellow New York Republican Andrew Garbarino tells ABC News he was shocked by what the investigation uncovered. He took every opportunity of available to him as a candidate to really gain the system offer his personal benefit. I wish I knew it was gonna be bad. I didn't think it was going to be this bad. The House Ethics Committee released its report into what investigators described as quote a complex web of unlawful activity involving Representative Santo's campaign, personal and business finances. The major Los Angeles roadway damaged by arson more than a week ago, reopened way ahead of schedule yesterday evening. California Governor Gavin Newsom says the iten will be fully operational for this morning's commute, but the work continues when well we see those permanent fixes secured. That will be over the course of many weeks, maybe a few months, but that won't significantly impact the commute or impact the five lanes that are now open in both directions. A Lease are searching for a suspect in that fire. They're asking for the public's help. Airports across the country are bracing for record Thanksgiving travel this week. TSA expecting to screen thirty million passengers over the holiday. Thomas grab is in Detroit. He's flying to New Orleans, but he's not expecting big crowds at the airport while he's there. I'm not expecting delays because I'm leaving on Thanksgiving Day, so a lot of people try to leave before. Sunday after Thanksgiving is projected to be the busiest day, with an estimated two point nine million passengers. Take into the skies. Global news twenty four hours a day and whenever you want it with Bloomberg News. Now. I'm Amy Morrison. This is Bloomberg Karen. All right, Amy, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, 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

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) Earnings continue...one big company reporting this week is Nvidia. According to Bloomberg Intelligence...Nvidia is likely to report another beat in its fiscal 3Q earnings results and guidance. 2) In the UK: Chancellor of the Exchequer Jeremy Hunt likely has limited scope to ease fiscal policy in his upcoming Autumn Statement. Bloomberg Economics expects near-term growth and inflation impact of the Autumn Statement will be broadly neutral. 3) In Asia: The Biden administration’s decision to remove a Chinese organization from a sanctions list as part of a deal to combat the fentanyl crisis marks an unusual concession to Beijing’s complaints over US trade restrictions.  4) In Washington: President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year. Full transcript: See omnystudio.com/listener for privacy information.

On today's podcast: 1) President Joe Biden signed a stopgap bill to extend government funding into early 2024, averting a government shutdown for now but kicking a politically-divisive debate over federal spending into a presidential election year. 2) Gaza’s telecommunications services stopped Thursday after providing companies said the fuel used for generators had been depleted, the United Nations Office for the Coordination of Humanitarian Affairs said. Syria’s aerial defenses intercepted some Israeli missiles that were fired against targets in Damascus, state-run Sana news agency reported. 3) Alphabet Inc. Chief Executive Officer Sundar Pichai said he expects China to be “at the forefront” of artificial intelligence, and said it’s important for the US to collaborate with the Asian nation on both regulation and innovation. 4) Embattled New York Republican George Santos announced he will not run for reelection to his seat in the US House.  The news came just after the GOP chairman of the House’s ethics panel called Thursday for Santos’s expulsion following a committee investigation that found “substantial evidence” the New York Republican violated federal criminal laws. 5) Cincinnati Bengals lose QB Joe Burrow with sprained wrist in loss to Baltimore Ravens. Ravens TE Mark Andrews is also injured.  Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. President Biden has ended the immediate threat of a government shutdown. He has signed a temporary spending bill that extends government funding into early next year. Bloomberg's Amy Morris has the details from Washington. President Biden signed the legislation yesterday while in California for a summit of APEC leaders. The bill maintains existing funding levels and pushes a fight over the federal budget into the new year. When Housublicans say they will push for stiff spending cuts. It splits the deadlines for passing full year appropriations bills into two days January nineteenth for some federal agencies February second for others. This short term package allows lawmakers to regroup over the Thanksgiving holiday while talks continue on spending in policy agreements in Washington. I maye more as Bloomberg Radio, Sorry, Amy, thanks by the stopgap bill does not include funding for Ukraine and Israel. In fact, new usaid for Ukraine risks slipping to mid December and maybe longer, casting doubt on Washington's ability to keep up the flow of weapons that both the Biden administration and the Ukrainian governments say is vital as soon as Congress could complete negotiations and pass new Ukraine assistance his mid December, nearly two months after President Joe Biden first requested sixty one billion dollars for the country in its war against Russia. Well, now, Karen, let's turn to the latest on the war in the Middle East. Israeli Prime Minister Benjamin Natanyahu is defending his country's raid on the Alshifa Hospital in Gaza City. He says, Israeli troops uncovered a Hamas command center underneath the facility. We had concrete evidence that there were terrorists chieftains and terrests. There are terrorists minions in the hospital, and in fact they fled as our forces approached. They fled. That's why we had no firefight. We entered that hospital with Arabic speaking Israeli doctors with incubators and we had no firefight. But Hamas was using the patients in that hospital as a human shield. Prime Minister n Antanyahu spoke on the CBS Evening News. Meanwhile, the Israeli military says it has taken control of Gaza's harbor. People in the southern city of Conyunis say Israel has dropped leaflets telling them to seek shelter and sirius as it's intercepted some Israeli missiles aimed at targets in Damascus. Well back in the U, asked Nathan. The Asia Pacific Economic Cooperation some it is wrapping up in San Francisco, and we're learning more about President Biden's deal with China's Sheshin Ping to crack down on Fentanel. The White House agreed to remove a Chinese organization accused of human rights abuses from its sanctions list change for Beijing's WHO operation about an administration official tells Bloomberg taking the Institute of Forensic Science off the Commerce Department's entity list was the only way for the US to make progress on the Fentandel crisis, and at the APEX Summit, Karen the CEO of Alphabet, said he expects China to be at the cutting edge of artificial intelligence development. Speaking with Bloomberg, Soon Darpshai warned the world's two biggest economies will have to work together on developing a framework for AI. My senses, there is no way you make progress over the long term without China and the US deeply talking to each other on something like AI. So I think that has got to be an integral part of how you make progress. So I think I'm glad to see it, and you know, we have to lay the foundations. The good thing is we are still in early days of the technology. Alphabet CEO Soon Darpuchai's comments come after business titans including Apples, Tim Cook, and Black Rocks Larry Fink, attended dinner with China's president on the sidelines of the APEC summit. Well, Nathan, we're seeing fall out this morning from Elon Musk's endorsement of an anti semitic social media post. A Tesla investor is calling for must to resign, and IBM has now suspended its advertising on X because of the proximity of its ads to Nazi posts. Bloomberg's Ed Baxter has the story. This comes amidst a swirl of controversy surrounding X and Elon Musk. In the past couple of days, watchdog group Media Matters reported out that IBM, Apple Oracle, Exfanity, and Bravo all had a placement. IBM opted off, saying IBM has zero tolerance for hate speech and discrimination. Meanwhile, the White House has reacted to a Musk post so that it says is anti semitic. NC spokesman John Kirby, we certainly abhorror comments that are anti Semitic in tone and certainly don't associate ourselves with the comment. Musk endorsed a post that said the Jewish community pushed hatred toward whites in San Francisco. I'm at Baxter Bloomberg Radio, okay, and thank you. Moving to mark It's now we're watching shares of applied materials in the pre market. They're down more than seven percent. Reuter's is reporting the largest maker of chip making machinery in the country is facing a criminal investigation for allegedly violating export restrictions to China. The report says the Justice Departments looking at whether Applied Materials sold hundreds of millions of dollars of equipment without the proper licenses. And Nathan, the escalating fight between the US and China, where technological dominance has triggered one of the most stunning reversals of corporate strategy yet. Ali Baba Group has walked back plans to spin off in list it's eleven billion dollar cloud business. Ali Baba shares dropped nine percent yesterday, wiping out more than twenty billion of market value. On the flip side, Karen Watching shares of Gap they are hired by more than eighteen percent. The retailer reported third quarter profit that exceeded forecast. Same store sales fell for a fourth straight quarter, but that decline was less than expected. Stronger results at Old Navy, GAP's biggest brand offset weakness at Athleta and Banana Republic. Crude oil has collapsed into a bear market Nathan. It's down twenty percent from its September high. CRUs run of four straight weekly decline so long as losing streak since May has come despite collective and voluntary supply cuts by the Organization of petroleum exporting Countries and its allies. The losses have also been embedded by the evaporation of an Israel Hamas war risk premium as fears the conflict would expand and disrupt oil supplies have so far not materialized. And it's time now for a look at some other stories making news around the world, and for that we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. The pressure is building for New York Congressman George Santos to resign or face expulsion. It follows a scathing House Ethics Committee report. Bloomberg's Nancy Lyons has that story. Committee Chairman Michael Guest says the evidence uncovered in the House investigation is more than sufficient to warrant punishment, and he plans to file an expulsion resolution. Wisconsin Republican Congressman Brian stone File tells Bloomberg's sound on the findings are alarming. The illegal actions that are set forward in this report are incredibly concerning. The report alleged Santos used campaign money to pay off his personal bills and to make luxury purchases. Santos responded to the report saying he would not run for reelection in Washington. Nancy lyons Bloomberg Radio and that expulsion resolution Nancy was talking about is expected to be filed by nine o'clock this morning in Washington. A New York appeals court says the gag orders imposed on Donald Trump by the judge in the state's civil fraud trial against him are unconstitutional, and the restrictions were put on hold pending for their arguments. The decision is a major win for Trump, who has publicly lambasted the judge overseeing the case and accused him of frampant bias. This is just one of six trials Trump is facing as he seeks re election. California officials say a section of Interstate ten in Los Angeles that was damaged in a fire last week will reopen earlier then expected. Governor Gavin Newsom's said the mile long stretch of interstate will be open to traffic again weeks ahead of time after the state doubled the crews working on those repairs. One thing we can guarantee you is we will be opened five lanes in both directions at the latest Tuesday of next week. Fire officials say the fire was deliberately set in an arson investigation is ongoing. Secretary of State Antony Blincoln yesterday signed a civil nuclear cooperation agreement with the Philippines. At the signing ceremony, Secretary Blincoln said it is part of the US support for clean energy

On today's podcast: 1) Presidents Joe Biden and Xi Jinping emerged from their first meeting in a year betting that a handful of small victories will arrest a surge in US-China tensions that has unnerved neighboring nations and threatened global economic growth. 2) President Joe Biden said he still believed his Chinese counterpart Xi Jinping was a dictator, casting a shadow over what both sides had characterized as their most productive meeting to date. 3) The US Senate overwhelmingly approved a temporary funding measure to avert a government shutdown, delaying a partisan clash over federal spending until the new year and leaving out emergency aid to allies Ukraine and Israel. 4) The Cleveland Browns announce QB Deshaun Watson is out for the season. Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the high stakes meeting between Presidents Joe Biden and she Jinping. They met for more than four hours on the sidelines of the APEX summit in San Francisco. President Biden called his discussions with China's leader some of the most productive he's ever had. I've been meeting with President Sheeshu's both us for vice president over ten years ago. Our meetings have always been canda stradeforward. We haven't always agreed, but they've been straightforward, and today build on the groundwork related over the past several months of high level diplomacy between our teams, We've made some important progress, I believe, and President Biden's words were echoed by President she China is ready to be a partner and friend of the United States. The fundamental princippos that we follow in handling China US relations are mutual respect, peaceful co existence, and wing wing corporation. China's president spoke there through an interpreter, but after the gathering, President Biden was asked whether he still considers China's leader a dictator. Look, he is. I mean he's a dictator in the sense that he is a guy who runs the country. That is collin Cocu based on formagart totally different than ours. And after President Biden's remark, China's Foreign ministry called the statement extremely incorrect and irresponsible political manipulation. Well Nathan asked for the actual meeting, Both Biden and Shi jinping Is say they reached a number of agreements. Bloomberg's ed Baxter has that part of the story, as well as fentanyl. High on President Biden's list is opening communication between the country's militaries. We're reassuming military to military contact direct contacts. As a lot of you press know follow this that's been cut off and it's been worse, and that's how accidents happened. Biden also saying the two agreed on finding ways to control ai Biden also says he was assured that China has no plan to invade Taiwan. Now. She did say that he told Biden that the US should not have plans to suppress China and also ask for sanctions to be removed. In San Francisco, I'm at Baxter Bloomberg Radio, and thank you. Some of Wall Street's elite attended dinner with Si Jinping. Black Rocks Larry Fink and Stephen Schwartzman of Blackstone were among the top executives seated at the Chinese leader's table, according to a program seen by Bloomberg News. Other big names and attendance were Apple's Tim Cook, Bridgewater associates Ray Dalio, and Pesla says Elon Musk also met with President she yesterday. Well Nathan some major developments out of Washington to avoid a government shut down. In a late night vote, the Senate overwhelmingly approved the House's short term spending bill. Bloomberg's Amy Morris reports from Washington. President Biden is expected to sign the bill that will extend government funding at current levels through two deadlines, one in mid January, the other in early February, but the bill did not include aid for Israel nor Ukraine. Senate Majority leader Chuck Schumer says that will be lawmaker's next priority after the holiday break. Both sides genuinely care about approving aid to Israel and Ukraine and helping innocent civilians in Gaza, so I hope we can come to an agreement even if neither side gets everything they insist on. And now the risk of partial government shutdown moves to January as House Speaker Johnson faces criticism from within his own party because he did not include deep spending cuts or changes to immigration policies. In Washington, Amy Morris Bloomberg Radio, Thank you. We now turned to the latest developments in the war in the Middle East. The Israeli military says it found a Hamas command center, weapons and technological assets at the Alshifa Hospital in Gaza City. Middle Eastern countries, including Jordan and Turkey, have condemned the raid. Israeli Prime Minister Benjamin Netanyahu, speaking through an interpreter says he makes no apologies for sending troops in. But we were told that we would not reach the outskirts of Gaza city. We arrived. We were told that we won't end to Shifa, but we entered, and in this spirit we say simple thing. There is no place in Gaza that we will not reach. Prime Minister Natanya, whose comments come as The Washington Post reports discussions are underway on a potential deal that would see Hamas free fifty women and children hostages in exchange for an extended pose and fighting, and the release of some Palestinians held in Israeli prisons. Well, Nathan, we turned to the markets now, and shares of Cisco plunging, the drop coming after it gave a disappointing forecast. We get more from Bloomberg's Doug Prisner CEO Chuck Robbins, who's trying to rea doue Cisco's dependency on one time sales of equipment by pushing deeper into software and services such as security. But the transition isn't complete enough to cushion Cisco from smaller corporate budgets, and the company is now projecting the weak environment. Will Linger because customers are taking a break from new orders to installed gear they've already received. In New York, I'm Doug Prisner, Bloomberg Radio. All right, Doug. Thanks, and Cisco's shares are down nearly eleven percent in the pre market. Earnings continue this morning, with the nation's biggest retailer reporting. Get a preview of that from Bloomberg's Tom Busby. Walmart's expected to report that sales growth slow to four percent last quarter. That's less than half the pace from just a year ago as consumers pulled back on their discretionary spending, but sales of food and healthcare products should be resilient and outpaced demand for that general merchandise adjusted ernis per share estimated to be a dollar fifty two total revenue of one hundred and fifty nine point one three billion dollars. Tom Buzby, Bloomberg Radio, all right, Tom, Thanks. Well. In Europe, shares a Berber down almost nine percent. The UK luxury retailer is warning this year's revenue target maybe out of reach after sales barely grew in the most recent quarter. And Karen, we have a big deal for chocolate lovers this morning. US Candy company Mars, has agreed to buy the UK's Hotel Chacalott Group for more than six hundred and sixty million dollars. That price tag represents one hundred and seventy percent premium to Hotel Chachalot's closing price yesterday. All right, Nathan, thanks, it's time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris. Amy, Good morning, Good morning, Karen. US. Capitol police officers say one person was arrested following protests outside Democratic National Convention headquarters in Washington, DC as part of a pro Palestinian rally. Protesters got into a shoving match with Capitol police officers that arrest being made for assault. Six Capital officers also suffered minor injuries. Pepper spray was used on protesters and DNC members were evacuated. Billionaire Elon Musk endorsed an anti Semitic post on x the social media site that he owns, that attacked members of the Jewish community for pushing dialectical hatred against white people. Musk said in his reply to the post, quote you have said the actual truth. Musk has repeatedly been criticized for promoting content attacking Jewish people at a time of rising anti semitism. After a year of strikes in Hollywood and the auto industry, now it's Starbucks turn. The union representing thousands of Starbucks workers is staging a one day walk out today, coinciding with the Red Cup Day. It's one of the coffee chain's busiest days of the year. Daisy feederspiel Bayer is a supervisor in Seattle. I really wish that I could be in there serving you coffee. I do, but with the drastic understaffing and the toll that that takes on our barista's Unfortunately, we have to push for better and we aren't getting that from Starbucks right now. Starbucks Workers United represents nine thousand employees at three hundred and sixty stores. They want better wages, benefits, and the right to bargain. The Thanksgiving travel rush is about to begin. Bloomberg's Nancy Lions with the latest The Transportation Security Administration says the official travel window lasts twelve days, beginning Friday and running through to the Tuesday after Thanksgiving. During that time, the TSA expects to screen twenty eight million passengers. John Bush is Federal Security Director for the TSA. The best tip we can offer is to ask everyone to arrive early for your flights. The recommendation is always two hours before domestic flight three hours before an international flight, and that's going to be even more important this coming holiday weekend. Bush says they do have the staffing and the technology in place to ensure that everything runs smoothly. In Washington. Nancy lyons Bloomberg Radio Global news twenty four hours a day and whenever you want it with Blueberg News Now, I maybe Morrison, this is Bloomberg Karen Amy. Thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, you can get the latest news on demand whenever you want it. Subscribe to Bloo

On today's podcast: 1) Israeli troops entered Gaza’s Shifa hospital compound as part of a “precise and targeted operation” against Hamas that runs the risk of intensifying international ire if it causes more civilian casualties.  2) President Joe Biden and Chinese counterpart Xi Jinping’s carefully choreographed, much-anticipated sitdown on the sidelines of the Asia-Pacific Economic Cooperation summit kicks off Wednesday at the Filoli estate south of San Francisco. 3) House lawmakers overcame partisan animosity Tuesday to pass a temporary government funding bill that greatly lowers the risk of a shutdown even as it delays fights over Ukraine aid, border policies and deep cuts to federal programs. Full Transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin in the Middle East, where Israel is now carrying out a raid on Gaza's main hospital, Alshifa. The Israeli military calls it a targeted and precise operation against Hamas, but it could add to growing concerns among allies about civilian casualties. Sources tell Bloomberg News the White House is getting more frustrated with Israel's handling of the war and ignoring what the Biden administration calls difficult conversations. But Israeli government spokesman Alon Levy says he is still confident of US support. Israel and the United States a completely in lockstep on the goals of this operation, which is that Hamas must be defeated. President Biden has been very clear from day one. We have been very grateful to him for his moral, material and diplomatic leadership in saying that Israel has every right and every duty to go after Hamas and destroy that terror group and eliminate that threat. That is the only way we can make sure another October seventh massacre doesn't happen. Alon Levy tells Bloomberg Radio Israeli troops are delivering medical aids of the hospital. He says this operation won't be the end of Israel's war with Hamas well. Nathan al Shifa Hospital has now been without power and water for days. Manir al Bersh is from the Hamas run health ministry, and he says newborns are being moved to improve their chances because of shortage of electricity. They have gathered them all and put them on those bids together so that they can have some more tem bricher. You know, the winter is getting inside now Gazza. Without having a proper temperature for them. They immediately die. The UN says only one hospital in northern Gaza is still operational at a minimum level. Back here in the US, Karen, we're following another major story this morning. The threat of a government shutdown is easing. The House has passed a temporary funding bill, and we get the latest from Bloomberg's Amy Morris in Washington. It is a two part measure that would fund some parts of the government through January nineteenth and others through February second, which sets up the possibility of another shut down deadline on Groundhog Day. Democrats bailed out the Republican House Speaker Mike Johnson, whose plan drew opposition from hardliners in his own party because it doesn't cut government spending nor change border policies, and it also doesn't include aid for Ukraine nor Israel. But Senate Democrats are expected to back it anyway. They'll need the cooperation of all senators to meet the Friday night deadline when federal funding lapses. Shington I ma Any Moore is Bloomberg Radio right to me. Thank you well. We are just hours away from the highly anticipated meeting between President Biden and Chinese leader Shi zhen Ping. Their schedule to meet on the sidelines of the Asia Pacific Economic Cooperation Summit in San Francisco. Bloomberg said, Baxter has a preview. It will be the first meeting in a year. She was greeted here by Treasury Secretary Janet Yellen and Governor Gavin Newsom. Students line in the streets waving Chinese flags, and President Biden says communication here is key. We're not trying to decouple from China, but we're What we're trying to do is change the relationship for the better. Biden did say President she needs to ease the criteria for US companies to invest in China and not require those companies to turn over trade secrets. In San Francisco, I'm at Baxter, Bloomberg Radio, thank you. Ed. Turning to the economy, a day after investors shared news that inflation broadly slowed in October, we get two more key readings today, Producer prices and detail sales. Let's get a preview of that from Bloomberg's Michael McKee. Sales are forecasts to have fallen in October, led by gasoline autos and the ongoing drop in inflation. Retail sales are calculated in terms of dollar value, so falling gasoline prices and lower goods inflation should have a major impact. Take those out, and sales are forecasts to be up to tenths, much less than the six tenths gain in September. Analysts will also be watching for an expected slowing in producer prices. They don't feed directly into consumer indexes, but offer a rough guide to the future path of inflation. Michael McKee, Bloomberg Radio, all right, Mike, thank you. About traders are betting the Fed's hiking cycle is over following yesterday's cool inflation print, But a couple of Wall Street titans are throwing caution. We spoke with Citadel founder Ken Griffin. The FED needs to stay on message that they're going to put the inflation genie back in the bottle, and so they if they cut too soon, I think they risk losing credibility around on their commitment to a two percent inflation target. Ken Griffin's caution was echoed by JP Morgan Chase CEO Jamie Diamond. I think they do. They're doing the right thing to pause for now. You know they've raised rates a lot, you know, to wait to see the effect on the economy in the US, particularly as the fiscal spending, the excess fiscal spending is winding down and quantit tight and tiny is kicking in. But I still think you should prepare they might have to do a little bit more, and I think people should be prepared for that just as a kind of a risk management tool. And I'm afraid inflation may not go away that quickly. JP Morgan. Chase CEO Jamie Diamond has said previously he's advising clients to be prepared for interest rates as high as seven percent. Inflation's also in focus in Europe, Karen. In fact, inflation in the UK stumbled to its lowest level in two years. Consumer prices rose four point six percent from a year earlier in October, down sharply from six point seven in September. Slow downs prompting investors to firm up bets at the Bank of England will be able to cut rates as early as this of next year. Well we turned to earnings now, Nathan and profit at ten cent beat estimates. Analysts say it's another sign that Chinese consumers remain willing to spend on games and entertainment during a nationwide downturn here in the US. Arnas continue at Target, TJX, and Cisco all set to report, and time now for a look at some of the other stories making news around the world. For that, we're joined by Bloomberg's Amy Morris, Amy, Good morning, Good morning, Karen. Tens of thousands of people from across the country gathered on the National Mall in Washington, d C. In support of Israel. Organizers encouraged everyone to speak out against anti Semitism in America today. You can't remain silent. You know, that was a mistake who's made during the Holocaust, during the Second World War, they knew what was going on, but they felt, you know, they were too timid to speak off. Speaking remotely from Jerusalem, Israeli President Isaac Herzog thanked the demonstrators for gathering and supported marching for quote good over evil. Israel's assertion that a Hamas command center is under a key Gaza medical complex is being confirmed by the US. Bloomberg's Nanzy Lions has the latest. A Biden administration says it does have intelligence that confirms Iran backed militant groups are using hospitals, including the Al Shifa facility in Gaza to conceal and support their military operations. This is National Security Council spokesman John Kirby. Members operate a command and control node from Al shifa He and Gaza City. They have stored weapons there and they're prepared to respond to an Israeli military operation against that facility. Kirby says the US does not support striking the hospital from the air or seeing a firefight among helpless sick people. In Washington, Nancy lyons Bloomberg Radio Morning continues in Ohio following yesterday's fiery multi vehicle crash that killed six people outside of Columbus, including three high school teenagers. Tusky Valley School Superintendent doctor Derrek Vinarski spoke at a vigil last night at the school's outdoor stadium. There are no words for the sheer magnitude of loss and grief felt by all of US officials say. A semi slammed into a charter bus that was carrying the high school marching band on I seventy A teacher and two parent chaperones were also killed in a vehicle that was following the bus. The massive fire that burned a section of the ten Freeway near downtown LA may have started in a homeless encampment. A Stella Lopez is CEO of the Downtown Industrial Business Improvement District. Homeless people when it gets chilly at night, they start fires. When they need to cook, they start fires. This was a disaster waiting to happen. Officials confirmed there were sixteen homeless people living under the now damaged section of the ten freeway. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Amy Morris and this is Bloomberg Karen. All right, Amy, thank you. I mean do bring you news throughout the day right here on Bloomberg Radio. But now, as Amy said, 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. 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 yo

On today's podcast: 1) Israel and Hamas trade accusations over Gaza hospitals and President Joe Biden called on Israel to take “less intrusive action” at the al Shifa hospital — the latest sign the US wants fewer civilian casualties. Israel says Hamas uses hospitals as bases for its operations. 2) Joe Biden and his Chinese counterpart, Xi Jinping, are set to announce an agreement that would see Beijing crack down on the manufacture and export of fentanyl, according to people familiar with the matter, potentially delivering the US president a major victory. 3) House Speaker Mike Johnson is counting on Democrats to overcome misgivings and approve his proposal to avert a US government shutdown. 4) Denver Broncos beat the Buffalo Bills on Monday night football Full transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Alshifa Hospital in Gaza City must be protected. I have not been reluctant and especially my concerns going on and is my hope and expectation that there will be less intrusive action role through hospital. President Biden's concern about civilian casualties is being answered by Israel's Economy Minister Near Barkat, do you understand that we have to wipe isis Comeaus off the map and we will do it with minimal collateral damage. This is our values. We don't need to be told that we know that ourselves Israelly Economy Minister Near Barcott spoke on Bloomberg Business Week. You can hear more of his comments on the BusinessWeek podcast. Download it wherever you get your podcasts. Well, Nathan. As the war goes on, tens of thousands of Israel supporters are gathering in Washington, d C. To show their solidarity. On Bloomberg's Amy Moore, supports from the nation's capital. Organizers are expecting up to one hundred thousand people to attend today's event on the National Mall Capitol Hill. Security will be boosted, access to the capital will be restricted. Roads are being closed. DC police have requested assistance from the National Guard and the Department and If Homeland Security has designated the march a Level one security event that's the highest rating of risk assessment. The FBI says there's no specific threat, but there is fear of loan actors attacking pro Israel demonstrators coming to DC. The event begins at one this afternoon on the National Mall in Washington. I maye more is Bloomberg Radio, Oka, Amie, thank you staying in Washington. This could be a critical twenty four hours in Congress's attempt to keep the government funded. Bloomberg Zed. Baxter has the story. House Speaker Mike Johnson says he'll bring the bill to the House floor in spite of negative reaction from the right wing of his party, who wanted spending cuts included. Senate Majority Leader Chuck Schumer has opened the door to a settlement for now. I am pleased that Speaker Johnson seems to be moving in our direction by advancing a cr that does not include the highly partisan cuts the Democrats have warned against. And President Biden also has often saying he'll wait to see The deadline is Friday midnight, add Baxter, Bloomberg Radio. All right, and thank you well. We turned to the economy now, and we get the first of two big readings on inflation this morning. With the consumer price index for October. Economists say inflation probably ease to an annual rate of three point three percent, and we get a preview from Bloomberg's crety GUPDA. There are some varied estimates here, but I think the takeaway is simply that some of the disinflation, the progress essentially that has been happening in the US economy when it comes to inflation, is going to slow down. So it's not that it's going to increase, but it's also not going to be making as much downward progress as we expect, at least has to take out of Bloomberg Economics, and I think that's the concern here for a lot of the people who are pricing in a more dubvish Federal Reserve, which is simply that this is going to be the key data point that suggests the Federal Reserve is not done hiking at all. You heard Chairman Powell last week hint at that and kind of say, well, we're going to be as hawkish as we need to be. This is the data point that might back that up. And Bloomberg's CRETTY group disays today's inflation data is not likely to shift traders views on the fits December meeting, days after the US was threatened with the loss of its last top credit rating from Moody's the Treasury Secretary is firing back. Janet Yellen spoke in San Francisco yesterday. This is a decision that I disagree with. The American economy is fundamentally strong, and Treasury securities remain the world's pre eminent safe and liquid ASCID Secretary Yellen's in San Francisco for meetings with finance ministers from across the Pacific, Rim Nathan. The big meeting from the Asia Pacific Economic Cooperation Summit comes tomorrow, when President Biden speaks with this Chinese counterpart, seson Ping. Bloomberg News has learned the two leaders will announce an agreement that could see Beijing crackdown on the manufacturer and export of fentanyl. We spoke about the opioid crisis with San Francisco Mayor London. Breed resources that are being sent out of China that come into either the US or Mexico are cut off to the fullest extent possible. That we work together in order to ensure that this deadly poison that is killing people in San Francisco in significant numbers and all over the country, that we're able to combat this to stop it. San Francisco Mayor London Breed says fentanyl has devastated her city like no other drug in her lifetime. Let's turn to some corporate news now, Karen, we have a takeover in the commodities industry. Switzerland's Glencore has agreed to buy a majority stake in Canada's tech resources coal business for more than six point nine billion dollars. The d ns a month's long saga and sets the stage for glen Core to spin off its own coal unit. Well, Nathan, a big week for retail earnings kicks off with Home Depot. We're reporting this morning, and we get a preview with the Bloomberg's Tom Busby. Home Depot forecast report a fourth straight quarterly decline at same store sales as the one to two punch of surging mortgage rates and record high home prices caused a slump in US home sales, putting it in to the home improvement boom we saw during the pandemic. Bloomberg consensus calls for comp sales to fall three point three one percent, of the decline in the US three point six seven percent. Still, net sales expected to be thirty seven point seven billion dollars, So just at earnings per share of three dollars seventy six cents. Tom busby Bloomberg Radio, All right, Tom, thanks back to commodities. The International Energy Agency says global oil markets won't be as tight as expected this quarter. IEA says sea supply tipping back into a surplus in the first half of twenty twenty four. Sorry, Nathan. Thanks. It's time now for a look at some of the o their stories making news around the world, and for that we're joined again by Bloombery sa Amy Morris Samy, Good morning, Good morning, Karen. There is growing concern about a possible government shutdown later this week, but that could also spell chaos for millions of Americans planning to travel during the holiday season. Without a deal in Congress by this Friday night, air traffic controllers and TSA workers could be forced to work without pay. And this is expected to be a record travel season. David Cymour, as chief operating officer with American Airlines, We're going to carry more customer than we ever have before, about a half a million more than last year. And House Speaker Mike Johnson has submitted a stopgap measure, but that doesn't include any money for Israel. Or Ukraine, and it doesn't have spending cuts that a lot of Republicans want. The US Supreme Court has adopted a new code of conduct, the first in the Court's history. Loyola Law School professor and former federal prosecutor Laurie Levinson says the adoption of the code itself is significant. There has been a great deal a criticism of the Supreme Court. Much of it has been focused on Justice Thomas and Justice Alito because they received gifts, they haven't made full disclosure of travel and other types of benefits, and so now we have a clear standard. But critics call the code itself toothless because it doesn't include a mechanism for enforcement. A former attorney for Donald Trump has testified against the former president and the Georgia election interference case. Jenna Ellis recounted a conversation with Dan Scavino, who served as Trump's deputy chief of staff. Video recording of that testimony was obtained by The Washington Post. He said, well, the Boss, meaning President Trump, and everyone understood the Boss, That's what we all called him. He said, the Boss is not going to leave under any circumstances. We are just going to stay in power. Trump's lead counsel in the Fulton County case says Ellis's testimony is absolutely meaningless. Ellis is one of four co defendants to plead guilty in that case out of eighteen people, and died it Alongside Donald Trump, the president of the United Auto Workers Union is headlining a hearing on Capitol Hill to talk about the resurgence of unions. UAW president Sean Faine, along with Teamster's president Sean O'Brien and Flight Attendance Union president Sarah Nelson, will provide testimony before the Senate Labor Committee on the role of unions in the lives of working families. Global news twenty four hours a day and whenever you want it with Bloomberg News Now, I may Mee Morris in this is Bloomberg Karen sor right, Amy, thank you, Alby do bring you news throughout the day right here on Bloomberg Radio. But as Amy said, you can get the latest news now on demand when you wanted. Subsc

On today's podcast: 1) The Israeli army conducted raids in northern Gaza on the outskirts of the Shati refugee camp, while a UN agency said that a naval strike had seriously damaged one of its guesthouses. 2) The US still faces a risk of a government shutdown at the end of this week despite a new compromise plan by Speaker Mike Johnson that leaves out hardline conservative priorities like cutting spending and curtailing migration. 3) The White House cited a resumption of US-China military communications as a priority ahead of this week’s meeting between Presidents Joe Biden and Xi Jinping.   Full transcript:  Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. Let's get the latest developments on the war in the Middle East. The US has conducted airstrikes in eastern Syria on targets link to Iran. Those strikes come as talks intensified to secure the release of hostages in the Gaza strip As Bloomberg News Managing editor Sylvia Westall reports, President Biden discussed that issue with the leader of Katar last night. Kata's quite question important role in this. It's already helped mediate between Israel, Hamas and foreign governments to release a small number of people and the estimates for around about two hundred hostages still trapped there, and are those talks ongoing. There's been discussions between Biden and the ruler of Katar and all these countries involved, and Israel said it won't even contemplate a cease far until those hostages are released. Bloomberg Sylvia west All reports President Biden also talked about increasing the flow of humanitarian assistance into Gaza with Cautter's premiere. Well, it's really Prime Minister Benjamin Etna who was asked about whether there could be a deal to exchange captives with Hamas. There could be, but I think the less I said about it, the more I'll increase the chancels that it materializes. And it's a result of pressure, military pressure, of the extraordinary work that the idea of was doing. And Prime Minister Nanya, who was on NBC's Meet the Press, but as really President Isaac Herzog is expressing caution, there are talks of behind the scenes. I cannot confirm any details. What I can say is that there's nothing substantial right now on the table. The United States is also heavily involved in this, so there's nothing tangible that I can report. Israeli President Isaac Herzog was a guest on CBS's Face the Nation, and you can hear Face the Nation and Meet the Press every Sunday on Bloomberg Radio. Turning to politics back here at Home, Karen, there is now one less Republican candidate for president. South Carolina Senator Tim Scott has ended his campaign. Scott says he will not immediately make an endorsement in the race, and he's not looking to join a Republican ticket as a vice presidential candidate Well Nathan. The US faces a risk of a government shutdown at the end of this week. Meanwhile, House Speaker Mike Johnson is trying a new approach to funding the government. By Bloomberg's At Baxter reports, the shutdown risks still Inger. The Johnson plan would extend some government funding until January nineteenth and others until February second. It also declined to do the immedia thirty percent spending cuts demanded by the right wing of his party, so that means fewer Republican votes and reliance on Democrats to cross lines and vote for it. He says, spending addiction cannot be broken overnight. Democrats so far have been moot. Whitehouse, though has already said it would only lead to future shutdowns. Johnson says he's scheduling a vote for tomorrow at Baxter Bloomberg Radio. All right, thank you well. Former New York Fed President Bill Dudley's warning the US fiscal position is on a quote unsustainable trajectory. Dudley is also a columnist form Bloomberg Opinion. He told the conference in Sydney there's a lack of political will to resolve the crisis at a time when debt costs are soaring, Nathan. The warning from Dudley comes just two days after the US was threatened with the loss of its last top credit rating. Moody's Investors' Service signaled it was inclined to downgrade the nation because of a wider budget deficits and political polarization. Deborah Cunningham is Global Liquidity Market's Chief investment officer at Federated Hermes. The concerns being bore what's happening from a congressional perspective, and the dysfunctionality from a lawmaking standpoint is the concern rather than the actual quantitative financials. So I think from an impact as much on the economy from an impact on where rates are at this point, I think that's behind US and debort Cunningham had federated Herme, says Moody's is the only one of the three main credit companies with a top rating on the US Karen, We're watching for major geopolitical news this week. President Joe Biden and Chinese leader Shei Jinping are scheduled to meet face to face on Wednesday, as the United States hosts the annual Asia Pacific Economic Cooperation Conference for the first time since twenty eleven. White House National Security Advisor Jake Sullivan says resuming military communications is crucial when it comes to managing the relationship. Ties and communications between our two militaries are critical. The Chinese have basically severed those communication links. President Biden would like to re establish them, and he will look to this summit as an opportunity to try to advance the ball on that. National Security Advisor Jake Sullivan tel CNN. The Biden she meetings also expected to cover the Israel Hamas War, Russia's invasion of Ukraine, human rights, and artificial intelligence well NY then ahead of the Biden She meeting. We are seeing signs of improving US China relations. Sources a Beijing is weighing ending a freeze on Boeing seven thirty seven Max aircraft in China. Boeing has not made any significant sales of its best selling narrow body jets in China since at least twenty eighteen. In another development, earlier this morning, the Emirates announced it was buying Boeing aircraft valued at fifty two billion dollars. So the broader market Karen investors have another major event to look forward to tomorrow when we get the latest reading on inflation with the Consumer Price Index for October. Anda Wong is chief US economist with Bloomberg Economics. We are expecting the headline CPI to be very soft because seasonally adjusted gasoline prices actually came down over five percent in October, so a month the increase of zero point one percent on the headline CPI. Bloomberg Chief US Economist Stana Wong says, over all consumer price data are expected to show inflation easing to a year on year rate of three point three percent in October. Time. Now for look at some of the other stories making news around the world. For that. We're joined by Bloomberg Scott Carr, Scott, Good morning, Good morning, Karen. Donald Trump Junior will be back on the stands today in New York as the first defense witness in the Trump organization civil fraud trial. The Trump family organizations being accused of fraudulently inflating their wealth on paper to obtain better loans. The New York Attorney General's Office ended its arguments last Wednesday and was denied a motion to limit certain expert witnesses from testifying for the defense. One person is dead four others injured after a shooting at a flea market in Texas. Police in Perlin, Texas, say three adults and two children were shot at the popular street market yesterday afternoon. Officer Chad Rodgers says the incident started as an argument between two people, though it's unclear if they both had guns. Three adult victims and two children, so a lot of people that are very very upset, and this does not appear to be a targeted attack on the flea market. That this was a disturbance between two individuals that resulted in people being shot. So far, no arrest have been made. All five victims were taken to local hospitals. A state of emergencies been declared in Los Angeles by California Governor Gavin Newsom after fire broke out underneath a storage yard early Saturday morning, igniting highly flammable wooden palettes. Trailers and cars then jump to another storage yard, growing in size to eight acres at one point, causing the closure of LA's Highway ten in both directions. The freeway remains closed, and officials say they'll be lucky if they can get one lane open today. The traffic is going to be horrendous. It's going to really impact Los Angeles. The blaze burned through the equivalent of six football fields. The governor says the state is mobilizing resources to complete repairs and minimize the impact for travel in and around the city. Iceland is evacuating a resort town south of the capital of Reykovic how to fear the town of Grindevic may be destroyed by a volcanic eruption. The town is near an active volcanic system and was evacuated over the weekend after magma shifting beneath the ground triggered hundreds of earthquakes. Local officials say that magma was at a very shallow depth, so they were expecting an eruption at any time. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm Scott Carran. This is Bloomberg all right, Scott, thank you, while we're bringing news throughout the day right here on Bloomberg Radio. But now, as Scott said, 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. 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 podcast. Time Now for the Bloomberg Sports Update, here's John stash Hour John Karen Sunday, number ten in the NFL began for the second week in a row in Frankfurt, Germany. The Colts beat the Patriots ten to six. That drops New England to two to eight, their second three game winning streaking the season. They hav

Matt Miller and Hannah Elliott have a new podcast focused on cars. Listen for drive reviews, news updates and dealership details from auto industry insiders.     If you like this episode, download more and subscribe on Apple, Spotify or anywhere you get your podcasts.     Apple: http://apple.co/4935eTf     Spotify: http://spoti.fi/3MaWkJT     Anywhere: http://bit.ly/3QqrPC2     See omnystudio.com/listener for privacy information.

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. 1) We preview this week's upcoming CPI and PPI data 2) The Dubai Airshow kicks off this week - a major event for airlines and plane makers 3) President Biden prepares to meet China's President Xi in San Francisco this week 4) A Government shutdown looms - Speaker Johnson in focus.  See omnystudio.com/listener for privacy information.

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

On today's podcast: 1) Former US Secretary of State Hillary Clinton said both Israel and the Palestinians need new leadership in order to have a chance of achieving a peace deal once the current war in the Gaza Strip ends. 2) The five Republicans scrapping to fashion themselves as the alternative to Donald Trump opened their debate Wednesday night blaming the former president for the party’s latest election embarrassment — then spent the next 90 minutes doing little to distinguish themselves from the GOP frontrunner. 3) Donald Trump’s daughter Ivanka Trump testified she had no role in preparing his allegedly inflated financial statements and wasn’t aware that he was claiming a net worth of more than $4 billion as she was trying to get a Trump Organization loan for the Doral golf club in Florida in 2011 3) Missed your favorite actors? After nearly four months of striking, they're coming back. Wednesday's deal between striking actors and studios and streaming services won't immediately restore filming to its full swing. That will take months. 5) Walt Disney, embroiled in another fight with activist investor Nelson Peltz, posted fourth-quarter profit that beat analysts’ expectations and said it will cut an additional $2 billion in expenses. Disney stock jumps.  Full Transcript: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest developments in the war in the Middle East. The Pentagon says the US IS carried out an airstrike on a weapons warehouse in eastern Syria. Defense Secretary Lloyd Austin says the self defense strike was in retaliation for attacks on American forces in Iraq and Syria. Meanwhile, Israel says some fifty thousand more Palestinians have fled to southern Gaza as Israel's army pushes deeper in to Hamas strongholds in the north of the territory. All this as, Former Secretary of State Hillary Clinton says, both Israel and the Palestinians need new leadership. So I think you have to create the environment in which there is a chance to revitalize the peace process and a potential for a two state solution. Hamas is not interested in a two state solution. They are dedicated to the destruction of Israel. That is in their charter. If you've been watching lots of different outlets over the last month, that is what the leaders of Hamas say, you know they want to destroy Israel. Former Secretary of State Hillary Clinton added that while Israel's unlikely to agree to a ceasefire that would benefit Hamas, it probably will accept pauses to allow aid to reach civilians in Gaza. Clinton made the comments in an interview with Bloomberg's editor in chief John Micklethwaite at the Bloomberg New Economy Forum in Singapore. Well Nathan. The war in the Middle East was a major topic at last night's Republican presidential debate in Miami. The five candidates on the NBC stage were united in support of Israel, including Florida Governor Ronda Santis. I would be telling BB finish the job once and for all with these butchers. Come on, they're proris, their massacring innocent people. But there were devides over a to Ukraine and how to approach China. Of ak Ramaswami and Nikki Haley had a sharp exchange over banning TikTok in the last debate. She made fun of me for actually joining TikTok while her own daughter was actually using the app for a long time. So you might want to take care of your family first. Read my appreciation daughter man. Nikki Haley and the other candidates also went after front runner Donald Trump for skipping the debate. Jeanie she and Zano is a politics contributor for Bloomberg. She said he was a good president for the time, but he is not the right president for now. And then she pointed to the fact that he created eight trillion dollars in debt, he's wrong on Ukraine now, and the fact that we can't live in the past. Genie she Andzano notes the former president held a rally ten miles away rather than appearing on the debate stage. Meanwhile, Nathan House Republicans have issued subpoenas to members of President Biden's family. The move to subpoena the president's son Hunter and brother James comes as Republicans look to gain ground in their nearly year long investigation. So far, they have failed to uncover evidence directly implicating the President in any wrongdoing. Now to the latest developments caring in the New York Front trial of Donald Trump, his daughter Ivanka's day on the witness stand was filled with denials of any knowledge of her family's net worth calculations. Sloomberg's Ed Baxter has the story. She says she didn't know that her dad was claiming and that worth of more than four billion dollars as she tried to get a loan for the Durreal Golf Club in Florida. She flatly says she's not involved in his personal financial statements. Attorney General Letitia James says, not true. Ivanka Trump secured negotiated loans to obtain favorable terms based on fraudulent statements of financial condition, and she says the Trumps cannot hide from the truth. The Attorney General has wrested Ad Baxter. Bloomberg Radio all right ed, thanks well. From New York to Hollywood. The actors' union has reached a deal with studios to end its strike. Can we get the latest from Bloomberg's Doun Prisner. The vote by the union's Theatrical Committee was unanimous. Common ground was found on issues ranging from the use of artificial intelligence to payment from streaming services, and now, after four months, the strike by some one hundred and sixty thousand actors is over. The previously striking screenwriters have been back on the job for more than a month, so now production of scripted TV shows and movies can resume. And like the writers, the Actors' Union benefited from direct involvement in the talks by some of the most powerful people in Hollywood in New York. I'm Doug Prisner, Bloomberg Radio. All right, Doug, thanks now. Some of those most powerful people included Bob Eiger, and the settlement comes the same day Eigers Walt Disney Company posted fourth quarter profit that beat analyst estimates. Disney also says it'll cut an additional two billion dollars in expenses. Bob Iger says his company will also launch a beta trial bundle of Disney Plus and Hulu next month. We expected Hulu on Disney Plus will result in increased engagement, greater advertising opportunities, lower churn, and reduced customer acquisition cost, thereby increasing our overall margins. Man Right now, shares of Bob Bigers Walt Disney Company are higher by four percent in early trading. Well Nathan, Another CEO, is making news this morning. Bank of America's Brian moynihan said his company has a succession plan in place and that nothing is left a chance in deciding on his eventual replacement. Moynahan, who made the remarks at the Reuters Next conference, took the helm in twenty ten in the wake of the global financial crisis. And there's another bank in the spotlight this morning, Karen. That would be Morgan Stanley. Its wealth management business is under Federal Reserve scrutiny, sources say the New York based banks top regulators pressing whether the firm is taking adequate measures to prevent potential money laundering by wealthy clients outside the US. Representatives for the FED and Morgan Stanley declined to comment. And it's 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, Hey, Good morning Karen. Former President Donald Trump did skip the third uop to at in Miami, instead holding a campaign rally about ten miles away in Heyaliah twenty twenty four is our final battle. Stand with me in the fight. We will finish the job that we started so brilliantly seven years ago. We never had a country like we had just three years ago. Meantime, at judge in Michigan expected to hear arguments today whether the Secretary of State there has the authority to keep Donald Trump's name off state ballots for president. Various groups have filed similar lawsuits in other states, portraying Trump as the insider of the January sixth Capitol riot. They point to part of the Constitution the prohibits a person from running for federal office if they've engaged in insurrection or rebellion. Industry regulators say power grades that supply more than half of the US population may run short of electricity during an extended cold snap or severe storm over the coming winter. That story in this report from Bloomberg's Charlie Pellett. The North American Electric Reliability Corps as regional system operators in a vast swath of the country, stretching from Texas to New England, are at risk of insufficient electricity supplies during peak winter conditions. The report came in a winter reliability assessment which also showed Quebec and Saskatchewan facing the threat of power shortfalls. The outlook is even more dire than last year's report, which set a quarter of Americans were at risk of cold weather power emergencies in New York Charlie Pellett Bloomberg Radio, the population of the US climbed to about three hundred seventy million and twenty eighty before reversing course starting to fall before the turn of the century. This according to News Census Bureau projections and the bureau's most likely scenario, the number of people sixty five or older, we'll overtake the number under eighteen in just six years. Add A nineteen thirty two painting by Pablo Picasso, fem A la Montre, sold for one hundred and thirty nine point three million dollars last night at Sotheby's in New York. At a stroke, it becomes the second most expensive piece by the artist to santl at auction. Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker and this is Bloomberg Karen. All right, John, thank you well. We do bring you news throughout the day right here on Bloomberg Radio. But now, as John said, you can get the latest news on demand whenever you want it. Subscribe to Bloomb

On today's podcast: 1) Ohio voters enshrined abortion rights in their state’s Constitution, a boon for Democrats running on the issue and complicating Republicans’ approach to the 2024 elections. 2) Political polarization has helped make 2023 the biggest off-year for ballot measures in more than a decade in the US, 3) Israel said its troops have entered the middle of Gaza’s main city, as they continue their operation against Hamas. 4) Two days after former President Donald Trump testified at his New York Fraud trial, it's his daughter Ivanka's turn to take the stand.    Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with last night's election results and a major victory for abortion rights in Ohio. Voters approved Issue one, which enshrines the right to abortion access in the state constitution, by a fifty six to forty four percent margin. Bloomberg Politics reporter Mark Niquette is in Ohio and has more It passed pretty overwhelmingly. And what's going to get a lot of attention is this past in what has become a Republican state. And it's clear that this issue passed even in counties that Donald Trump carried pretty handily in twenty twenty. Bloomberg's Mark Mniquette reports this makes Ohio the latest state to back abortion rights after last year's Supreme Court decision to overturn Roe v. Wade. In the interest of transparency, we should note that Michael Bloomberg, founder and majority owner of Bloomberg Radio parent Bloomberg LP, donated a million dollars to the campaign supporting Ohio's abortion rights amendment. Well Nathan, It was also a good night for Democrats in Virginia, with every seat in the state legislature up for grabs. Democrats won majorities in both the House of Delegates and the state Senate. It's a blow to Republican Governor Glenn Youngkin. He's seen as a presidential contender in twenty twenty eight and had hoped to pass a fifteen week abortion band with GOP control. And in another major race, Democrat Andy Basher has won a second term as governor of Kentucky, a state former President Donald Trump carried by nearly twenty five points in twenty twenty And In other political news, Karen Tonight, in Miami, Republicans hold their third presidential debate. Five candidates will take part. Ron De Santis, Sneaky Haley, Vivek Ramaswami, Tim Scott, and Chris Christy Well Nathan notably absent, will be GOP front runner Donald Trump. Two days after the former president testified at his New York fraud trial, it's his daughter, Ivanka's turn to take the stand, and Bloomberg's ad Baxter has the story. The trial issue is whether Donald Trump inflated the worth of his properties to lenders and other business dealings. Ivanka Trump has pretty much disappeared from the public spotlight, opting to leave both New York and Washington, d C. For Miami, but part of what prosecutors want to look at as her role in several real estate transactions, as well as the valuation of her New York apartment, which they say was priced at about two and a half times the value ed Baxter Bloomberg Radio. Okay, Ed, thank you. We now turn to the latest developments in the war in the Middle East. Israel says its troops have entered the middle of Gaza's main city. Meanwhile, Saudi Arabia's Minister of Investment says talks toward normalization of ties with Israel remain on the table, Despite the Kingdom criticism of Israeli military action. We spoke exclusively with Khalid Alfala, you know when those discussions were taking place, and his Royal Highs, the Crown Prince was clear that it is contingent on a pathway to peace for resolution of the Palestinian questions. That was on the table, that remains on the table. And obviously the setback over the last month has brought that has clarified. Why was Saudi Arabia so adamant The resolution of the Palestinian conflict has to be part of a broader normalization in the Middle East. Saw the Investment Minister. Khalid Alfala added his country is pained on a human level at the loss of life in Gaza and in Israel. He spoke at the Bloomberg New Economy Forum in Singapore. Well back in the US, Nathan, the House is voted to censure Democrat Rashida Tahlieb of Michigan for her rhetoric about the Israel Hamas war, and Speaker Mike Johnson presided over the vote on this vote. Quote. The yea's are two one hundred and thirty four and the nays are one hundred eighty eight, with four answering present. The resolution is adopted. The House's action was an extraordinary rebuke of the only Palestinian American in Congress to leave defended her stance, saying she quote will not be silenced and I will not let you distort my words. Turning to markets now, Karen, the s and P five hundreds. Coming off seven straight days of gains. Today, investors await more clues on interest rates from a host of Central Bank officials, including FED share J. Powell. Yesterday, FED Governor Christopher Waller commented on the recent jump in tenure yields since the beginning of July. This thing has gone way up, almost a full percentage point. I think in Central Bank terms of financial markets, that's an earthquake. Governor Chris Waller notes yields on ten yere treasuries have climbed more than one hundred basis points since the end of July. Well, earnings will also be on investors' minds. This afternoon, we hear from Disney, Nathan and Bloomberg Stown Buzzby as a preview. With strong revenue expected at its theme parks, Disney forecasts report overall earnings growth for last quarter and to once again add subscribers to its flagship Disney Plus streaming service investors also watching any comment on when that streaming business will be profitable, the latest on spinning off its ESPN network into a separate streaming unit, and updates on selling off a ABC network and other non core media holdings. Bloomberg consensus calls for adjusted earnings per share of sixty nine cents revenue of twenty one point four to three billion dollars. Tom busby Bloomberg Radio, Okay, Tom, thanks and after the bell earnings to get you caught up on watching Shares of Robinhood They're down seven and to half percent in early trading. The online brokerage reported revenue that missed estimates. Bumble shares are down nine percent, a day after announcing it would replace its CEO. The dating app reported worse than expected revenue guidance. Rivian Automotive shares are up six and a half percent. The ev makers raising its forecast for overall production this year, and forgive me. Shares of Toast are Toast this morning they are down seventeen and a half percent. The restaurant software company lowered the upper range of its full year revenue forecast, and it is 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 Tunker. John Good Morning, Good morning, Karin. History made in the City of Brotherly Love. Among the results of tuesday's election, Democrat Cherrell Parker won Philadelphia's mayoral election. Parker becomes the first female mayor of the city. No matter where we went, our message stayed the same. And guess what I learned during that time Philadelphia that people were yearning for authenticity. Parker won with seventy four percent of the vote. Another first in the nation's small estate, Democrat Gave Mmo defeated Republican Jerry Leonard to win Rhode Island's first congressional district seat and become that state's first black candidate to elect it to Congress. The journey of so many Rhode Islanders and their families is one of Britain, hard work, determination and resilience. And I stand on the shoulders of so many who came before me to make this day possible. Imoll picked up sixty five percent of the vote there. Based on questions for the bench, a majority of justices on the Supreme Court appear inclined to uphold a federal gun ban on people who are under restraining orders for domestic violence. The Solicitor General, Elizabeth Prelogord defended the law. The constitutional principle is clear, you can disarm dangerous persons. The federal ban has been on the books for thirty years. We Works collapse is spreading through the battered commercial real estate industry, threatening to upend dozens of leases in cities including San Francisco and New York. That story from Bloomberg's Charlie Penllett. The co working giant spiral into bankruptcy, hit landlords along the way as it renegotiated and sought to exit many leases. Now Monday's bankwet see filing and a plan to terminate nearly seventy of those contracts is set to exacerbate issues facing many of we Work's landlords. The tenant wants out and could have more power to leave. Office owners have been grappling with a slowdown spurred by higher borrowing costs that are pressuring building values, as well as a shift in tenant demand with a rise in remote work in New York. Charlie Pellett, Bloomberg Radio and Global News twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this is Bloomberg Karen. All right, John, thank you. It is time now to get a check of sports. But first we're going to tell you that you may bring your news throughout the day here on Bloomberg Radio. But now, as John said, 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. 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 podcast. Now is Sports Hears John stash Hour, John Karon. The college basketball season is underway and it begins with Kansas ranked number one. The Jayhawks had a season opening win on Monday, and the day after, they restructured the contract of their longtime coach Bill Selph. He's won two national championships, he's already in the Hall of Fame, and self's new contract means that he surpasses John

On today's podcast: 1) Israeli Prime Minister Benjamin Netanyahu said he sees his country having security control over Gaza for an “indefinite period,” suggesting it will maintain that role even after fighting in the besieged territory ends. 2) Donald Trump took to the witness stand Monday morning and within minutes turned his day in court into a live Truth Social post. No one understands real estate like he does, Trump testified, and the banks knew what they were doing. The judge sitting next to him is “biased,” the court is a “fraud” and the case against him “crazy,” Trump said, voice rising. 3) Former high-flying startup WeWork filed for bankruptcy listing nearly $19 billion of debts, a fresh low for the co-working company that struggled to recover from the pandemic. 4) In football, the Los Angeles Chargers break the New York Jets 3-Game win streak Full transcript: Good morning. I'm Nathan Hager and I'm Karen Moscow. Here are the stories we're following today. We begin with the war in the Middle East. Today marks one month since the Hamas attack in southern Israel that's set off the conflict. Now, the Hamas run health ministry in Gaza says more than ten thousand people have been killed since the fighting began on October seventh, but Israeli Prime Minister Benjamin Netanyahu is rejecting calls for a ceasefire. There'll be no ceasefire, general ceasefire in Gaza without the release of our hostages. As far as tactical little pauses an hour here, an hour there, we've had them before. I suppose we'll check the circumstances in order to enable goods, umanitarian goods to come in or our hostages individual hostages to leave. But I don't think there's going to be a general seas far and Prime Minister Natanyah, who tells ABC News Israel could have security control over Gaza for an extended period. Israeli military spokesman Peter Lerner tells Bloomberg Radio the goal of war is to dismantle humous as a governing authority and a terrorist entity. Of course, we understand that that role, that goal is a very expensive goal and it will take time. And so the operation itself, the war itself, is an open ended war. It so we don't have any power glass counting the minutes until we end. And you can listen back to our entire interview with Israeli military spokesman Peter Lerner on the Bloomberg Talks podcast. Well, Nathan, back here in the US, the civil trial continues in New York against Donald Trump. It was a fiery day one. On the witness stand for the former president of Bloomberg's, Ed Baxter has the story. Trump yelled at the judge, said he was biased, and the court was a fraud, was a skill, and this is the case. It should have an attorney general. Letitia James says she got what she needed. At the end of the day, the documentary evidence demonstrated that, in fact, he falsely inflated his assets, and Bloomberg's Patricia Hurtado says she's never seen anything like it. He was claiming that I've done real estate for fifty years and as a developer, basically I have a right to just declare magically what Something's worth. Daughter Ivanka is on the stand Wednesday Ed Baxter Bloomberg Radio. Okay and thank you now. Donald Trump will not be participating in tomorrow Night's Republican presidential debate in Miami. Five candidates will. They are Ron DeSantis, Nikki Haley, Vivek Ramaswami, Senator Tim Scott, and former New Jersey Governor Chris Christie. Former White House chief of staff mc mulvaney says Trump's decision not to participate may have repercussions. I think it may come back to haunt him when Joe Biden, assuming Bibes's the Democrat nominee, has the ability then with good reason to say, oh, Donald, you didn't debate in the primary, I'm not debating you in the general. And Trump would be desperate for a debate headhead against Bid and Bide would be desperate for an excuse not to do one. And former Trump White House Chief of Staff mcmulvaney says Nicky Haley is the one with the most to gain from this debate. Mulvaney was on Bloomberg Sound On with Joe Matthew. You can catch the program one pm Eastern on Bloomberg Radio or listen on demand wherever you get your podcasts. Well, Nathan, Before we get to that Republican debate tomorrow, voters head to the polls today to vote on some key issues. So Hio residents will decide if access to abortion care should be enshrined in the state's constitution. It'll be closely watched nationally as a gauge of a key issue ahead of the twenty twenty four presidential elections. And in Virginia, Republican Governor Glenn Younkin is campaigning hard for his party to hold the state House and reclaim the Senate majority GOP victories. Goodline Youngkin up as a potential alternative to Donald Trump as the party's twenty twenty four presidential nominee. Well, Karen, let's turn now to the markets. We're watching shares of ubs they are hired by more than three percent. In Europe, the Swiss Bank, which took over Credit Sweee earlier this year, reported stronger than expected client inflows. We get more from Bloomberg's Guy Johnson in Zurich. We are getting some stabilization in terms of client money to keep the wealth management division that is really important. So we managed to stabilize that that may be give than the opportunity to start to kind of accelerate things here a little bit. But these circle numbers are basically just bridge numbers. We we waiting for the fullier numbers and at that point we're going to get a strategy update. At that point, we're going to get a clear idea of where Sergio Mossy, the CEO, and the rest of the team are going to take this combined Edsito mean Bloomberg Sky Johnson says overall, UBS posted a quarterly net loss of seven hundred and eighty five million dollars, its first quarterly loss in almost six years. Well Staying in the banking industry, Nathan Morgan Stanley's James Gorman, who's preparing to step down as CEO at the end of this year, says he will vacate his post as chairman by the end of twenty twenty four. Gorman made the comments in an interview at a nie K forum in Tokyo. Ted Pick, a co president and three decade veteran of the firm, will be elevated to the top role in January, and turning to the US economy, Karen, it is too early to declare victory over inflation. That's the view from Minneapolis Fed President Neil Kashkari. We're making progress. The job market remains strong, the unemployment rate is still quite low at around three point nine percent, So overall the fundamentals are healthy. But we haven't completely solved the inflation problem. We still have more work ahead of us to get it done. Speaking of Fox News, Minneapolis Fed chief Neil cash Care ads he's nervous about declaring victory on inflation too soon. Well. In Corporate News, Nathan, it was once a high flying startup, and now we Work has filed for bankruptcy. The company said had struck a restructuring agreement with creditors and with streamline its rental portfolio of office space. We works collapse as the culmination of a year's long saga for the company, which was once the biggest office tenant in Manhattan. And Karen Bloomberg News has learned SpaceX's on track to book revenues of about nine billion dollars this year across its Rocket launch and Starlink businesses. SpaceX has projected a rise to around fifteen billion in twenty twenty four. The figures represent a rare look into the finances of the Elon Musk led company, which sells commercial space on its reusable rockets as well as Internet beamed down from a constellation of satellites. Right, Nathan, thanks time now for 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, and good morning, Karon. The US government's debt interest build has now soared passed one trillion dollars. The story in this report this morning from Bloomberg's Jeff Bellinger. Bloomberg analysis shows annualized interest payments on the US government debt pile climb past one trillion dollars at the end of last month. That amount has doubled in the past nineteen months and is equivalent to fifteen point nine percent of the entire federal budget for fiscal year twenty twenty two. The worsening metrics may reignite debate about the US fiscal path amid heavy borrowing from Washington. That dynamic has already helped to drive up bond yields, and it led Fitch Ratings to downgrade US government debt in August Jeff Bullinger, Bloomberg Radio. The Supreme Corps today is taking up a challenge to a federal law that prohibits people from having guns if they're under a court order to stay away from their spouse, partner, or or other family members. The Federal Appeals Court in New Orleans struck down the law. Following the Supreme Court's bruined decision. In June of twenty twenty two, I Well Governor Kim Reynolds officially throwing her support behind Florida's governor for the Republican presidential nomination, Ron DeSantis is the person that we need leading this country. At ABC News. IPS's polls shows if the Republican Party nominates someone other than former President Trump, more Republicans said it would be more likely to turn out and vote an election day. Talks with striking Hollywood actors are ongoing after the union rejected with the studios called their last best and final offer. The Strength started in July. Netflix co CEO Ted Sorrando says he's hopeful and agreement will be reached soon. We're in the business of telling stories. That's what we want to do every day. So his grind to a hall for a few months, and so we're going to try our best to get things up and running and get the output. Becka for our fans too. Ted sarandas with Netflix, spoke to Reuters. Elon Musk's company, Neurrolink, is seeking a volunteer for its first clinical trial, as looking for someone willing to have a chunk of their skull removed by a surgeon so a large robot can insert a series of electrodes and super thin wires into their brain. Global news twenty four hours a day and whatever you