May 7, 2024 • 18 mins
On today's podcast:
1) Israel’s Troops Take Control of Rafah Border Crossing in Gaza
2) UBS Returns to Profit as Wealth, Investment Bank Drive Beat
3) Boeing Starliner Launch Is Delayed Due to Issue With Rocket
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Episode Transcript
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Speaker 1 (00:02):
Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Hager and I'm Karen Moscow. Here are the stories we're
following today.
Speaker 2 (00:16):
We begin with major developments in the Middle East. Israeli
troops have taken control of the Rafa border crossing area
in Gaza. It is the first time Israel's army has
moved into the area since the war with Hamas began
last October. We get the latest with Bloomberg's Rosalind of Athisen.
Speaker 3 (00:32):
That is the conduit between Egypt and Gaza and has
been a major port of operation for aid to go
into Gaza in recent months. It's not the only crossing
into Gaza, but there's only a few, and they've been
pretty troubled throughout, and so it's really going to raise
questions about the flow of aid into Gaza. It also
points to the fact that Israel is very determined to
(00:54):
push ahead with some sort of offensive in Rafa, whether
that's within weeks or days or whatever. They're making preparations
for it.
Speaker 2 (01:02):
And that's Bloomberg's Roslyn Matheson reporting.
Speaker 1 (01:05):
Well dungons build in Gaza. Nathan College campuses across the
country continue to grapple with pro Palestinian protesters. Columbia University
called off its main commencement ceremony yesterday, less than a
week after calling in police on demonstrators. Harvard and MIT
are warning students to leave their encampments or face suspension,
and Citadel founder in Harvard grad Ken Griffin is delivering
(01:28):
a warning of his own.
Speaker 4 (01:30):
As a donor at Harvard, I've made it really clear
I am going to curtail my charitable giving until Harvard
recommits itself to meritocracy in a very public and profound way.
Speaker 1 (01:41):
Citadel's Ken Griffin says the protests are the product of
a failed education system. He spoke at the Milk and
Global Institute conference in Beverly Hills and Karen.
Speaker 2 (01:50):
President Biden plans to speak as well. He's expected to
denounce the growing number of anti Semitic incidents across the
country on college campuses. We get that sorry from Bloomberg
Steve Potisk in Washington.
Speaker 5 (02:02):
During his speech at an annual Holocaust commemoration at the
US Capital, the President is expected to criticize anti Jewish
rhetoric athet protests as unacceptable. He will also urge Americans
to speak out against anti Semitism and other forms of hate.
A White House official says Biden will also recount the
atrocities of Hamasa's October assault on Israel, has the deadliest
(02:25):
attack on Jews since the Nazi campaign to exterminate the
Jews of Europe, and say too many people are downplaying
both events. The speech highlights the political dilemma facing Biden
at the seven month mark of Israel's war in Gaza,
which has exposed divisions within the Democratic Party that could
hurt his chances of winning the November election. In Washington,
(02:46):
Steve Potisk Bloomberg Radio, all.
Speaker 1 (02:49):
Right, Steve, thank you, now to the latest on the
criminal hush money trial of Donald Trump. The former president
returns to court today facing a threat of jail time
for additional gag order violations. Has prosecuted gear up to
summoned big name of witnesses in the final weeks of
the case. Bloomberg The Law host June Grosso explains.
Speaker 6 (03:07):
For the second time, Judge One Mershawn found Trump in
contempt of court for violating a gag order. He fined
Trump one thousand dollars and warned he could jail him
for further violations. Of an order intended to protect witnesses
as well as jurors. The judge said he understood the
significance of jailing a former president and current candidate, especially
(03:29):
since putting Trump behind bars would raise serious logistical issues.
But at the end of the day, quote, I have
a job to do, and part of that job is
to protect the dignity of the system. In New York,
June Grosso Bloomberg Radio.
Speaker 1 (03:44):
And Bloomberg's June Grasso says that Trump has repeatedly attacked
the gag order and claims it unfairly is restricting his
free speech rights.
Speaker 2 (03:52):
And in other news this morning, Karen, it's another setback
for Boeing, this time in space. The first launch of
the playmaker's star Liner space capsule with astronauts on board
has been delayed. Officials found something wrong with the valve
on the Atlas five rocket that was supposed to send
that spacecraft into orbit. Now investigators will have to decide
if that valve needs to be replaced. The next backup
(04:13):
dates for liftoff are today, this Friday or Saturday.
Speaker 1 (04:17):
When we turn to the markets, now, Nathan it shares
a ubs are up more than eight percent, overseas, the
Swiss bank has returned to profit after two quarters of losses.
UBS reported first quarter net income of almost one point
eight billion dollars, three times what analysts were expecting. CEO
Sergio or Maadi told Bloomberg the absorption of its former
rival is going well.
Speaker 7 (04:38):
As we integrate a new colleagues from Credit Switch on
our platform, we start to see the pipeline developing we
are able to execute. So it's very much aligned with
our expectations of improving the mix between our markets business
and our banking business and the investment bank.
Speaker 1 (04:57):
CEO Sergio Ormadi says the bank thank is targeting the
completion of the legal merger with Credit SUEEE by the
end of the month. And get the full conversation on
the Bloomberg Talks podcast feed, available on Apple, Spotify and
anywhere else you get your podcasts.
Speaker 2 (05:11):
And those aren't the only earnings we're seeing out of
Europe this morning, Karen, we're watching shares of Unit Credit.
They are up more than three percent. Profit at Italy's
second biggest bank, top analyst estamates is higher fees and
lending income boosted revenue. On the flip side, BP is
down about a half percent. First quarter profit and cash
flow at the oil major fell by more than expected,
(05:31):
and net debt increased BP, though did maintain the pace
of its share buybacks well.
Speaker 1 (05:36):
Here in the US, Nathan Shares appall and Teer Technologies
are down more than nine percent in early trading. Investors.
We're unimpressed by the company's outlook for annual sales, and
we get this story from Bloomberg's Charlie Pellett.
Speaker 8 (05:49):
Well stock has already tripled in the past year. The
company did nudge its annual revenue forecasts slightly higher, to
a range of two point sixty eight to two point
sixty nine billion. Analysts had expected two point sixty eight
billion on average. Palenteer is one of the marquee stalks
of the tech world's current AI frenzy, with new products
(06:10):
helping to catapult it more than two hundred percent over
the last twelve months. Co Founded by Peter Thiel, Palenteer
developed software and analysis tools for companies and government agencies
allied with American interests in New York. Charlie Pellett Bloomberg.
Speaker 2 (06:27):
Radio, All right, Charlie, thank you meantime. Tesla founder Elon
Musk is sitting down with Michael Milkin at the Milkin
Conference in Los Angeles, talking about a range of issues
from immigration to free speech, as well as the threats
posted to humanity by artificial intelligence.
Speaker 9 (06:42):
We just, I guess, don't want to AI.
Speaker 10 (06:44):
That is brutal.
Speaker 9 (06:45):
I think biological intelligence can serve as a backstop, as
a buffer of intelligence, but almost all, as a percentage,
almost all intelligence will be digital.
Speaker 2 (06:59):
It's like, what role will it be for us?
Speaker 4 (07:03):
I don't know.
Speaker 2 (07:04):
Elon Musk, also the founder of SpaceX, added that AI
still has a long way to go before it can
become a viable tool in the space exploration industry. There
was no mention of Tesla, one of Musk's other companies,
during that conversation at Milkin.
Speaker 1 (07:22):
And it is time now for a look at some
of the other stories making news in New York and
around the world. For that, we're joined by Bloomberg's Michael
Barr Michael, Good Morning, Good morning Karen.
Speaker 10 (07:30):
After a nearly two hour meeting with House Speaker Minke Johnson,
Republican Congresswoman Marjorie Taylor Green says she plans to meet
with him again today. Green will be joined by a
fellow Republican representative Thomas Massey. The two have threatened to
house the speaker, but the motion of a kid hasn't
gained much support among their colleagues. Green, speaking to reporters
after yesterday's.
Speaker 11 (07:51):
Meeting, I just had a long discussion with the Speaker
in his office about ways to move forward for a
Republican controlled House of Representatives.
Speaker 10 (08:02):
When pressed on Weather, she still plans to move forward
with her motion to vacate Representative Greens, and we'll have
more information after today. Speaker Johnson described Monday's meeting as
lengthy and constructive. An American soldiers behind bars in Russia.
Local media reports Army staff sergeant Gordon Black is accused
of stealing and beating a woman. Black may have been
(08:26):
visiting a woman he met while stationed in South Korea.
Black's more their melody. Jones describes the couple's relationship as
volatile and says she was worried about her son visiting Russia.
Speaker 12 (08:38):
I'm hoping he's not being tortured or her It's just
hard being a mom and being in that situation and
not knowing, not being the touching, you know, hugging, telling
me it'll be okay.
Speaker 10 (08:52):
Sergeant Black is the latest and a string of Americans
detained in Russia, joining businessman Paul Wheeland held since twenty
eighteen and Wall Street Journal reporter Evan Gerskovich, held since
last year. Scores of pro Palestinian protesters were blocked by
the police from getting close to the MET Gala, one
of the most exclusive annual events in New York City's calendar.
(09:14):
The demonstrators were heading toward the venue, the Metropolitan Museum
of Art on the Upper East Side, when they were
intercepted by the NYPD. As for the met Gala itself,
it featured a garden green tinted carpet and a list
celebrities from film, fashion, music, sports, politics, and social media.
(09:35):
This year's attendees included Jeff Bezos, Steve Schwartzman, Kim Kardashian,
Serena Williams, and Matt Damon. One person who wasn't there
the Sas Grammy winner Rihanna, who was said to have
come down with the flu. Global News twenty four hours
a day and whenever you wanted with Bloomberg News now
(09:57):
Michael Barr and this is.
Speaker 1 (09:58):
Bloomberg, Karen, you know I could get sick just thinking
of what to wear to the medgala, but you always
nail at Michael Barr. All right, Mugel Barr, thank you.
It's time now for the Bloomberg Sports Update, and here's
John stash Hour.
Speaker 2 (10:15):
John, good morning, Good morning, Caaren.
Speaker 13 (10:16):
Like old times at the guard of the Knicks and
the Indiana Pacers in the postseason, they met six times
an eight year period in the nineteen nineties to two
thousand and those were mostly close series, tight games, and
this series opener not decided until the final minute one
on one, with Nemhart backing his way in at the
top of.
Speaker 2 (10:33):
The key shot locked down to six steven Shenzo.
Speaker 8 (10:35):
Seek three left side.
Speaker 1 (10:37):
That's good and the Knicks are on top by three.
Speaker 13 (10:39):
Quit thirty nine seconds to go, knocked to wait by
heart stolen by McBride, taken by Ananobi triples towards midport.
Speaker 6 (10:47):
Game one goes to the Knicks one twenty one till one.
Speaker 13 (10:51):
Seventeenwapn Nicks led once again by Jalen Brunson forty three
points twenty one on the fourth qorder. The list of
players to have four concent of forty point playoff games
is short. Michael Jordan, Jerry West, the former Nick Bernard
King and now Brunson Devincenzo had that tie breaking three
finished with twenty five points. Josh Hart, as usual, played
(11:11):
the whole game twenty four points, thirteen rebounds, eight assists,
three steals, so the Villanova.
Speaker 10 (11:16):
Guys led the way.
Speaker 13 (11:17):
Game two at MSG tomorrow Stateman win by Minnesota playing
without starting center Rudy Gobert, and yet by halftime in
Denver up by twenty six, they won by twenty six
as both Anthony Edwards and Karl Anthony Town scored twenty seven.
Timberwolves go home up to nothing on the defending NBA champions.
Speaker 10 (11:34):
They had the Cup playoffs.
Speaker 13 (11:35):
The Brewin scored three times at a seven minute span
of the second period one Game one at Florida, five
to one, five Boston goal scorers, including Brandon Carlow, who
arrived at the rink just before face off. His son
was born yesterday morning at the guarding tonight, Rangers and
Hurricanes Game two. After getting swept over the weekend, Mets
went to Saint Louis Blue a three nothing lead. The
Brandon Neimo homer seventh Thenny Mets won four to three.
(11:57):
Red Hot Phillies beat the Giants six to one the
fields of one seventeen to the last, twenty fifth graight
win for the Dodgers as Shoeyl Tany hit a Major
League meeting eleventh.
Speaker 8 (12:06):
Homer John stashed.
Speaker 13 (12:07):
We're Bloomberg Sport Canon Nathan.
Speaker 10 (12:11):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM, and.
Speaker 8 (12:15):
Around the world on Bloomberg dot Com and the Bloomberg
Business app.
Speaker 2 (12:20):
This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We
want to get to the latest now from the Middle East.
Israeli troops have taken control of the border crossing area
in the southern Gaza city of Rafa. This comes a
day after Israel's military tolt residence in the eastern part
of that heavily populated city to leave immediately ahead of
(12:40):
a possible attack. Joining us from Tel Aviv. Now is
Bloomberg Israel Economy and Government reporter Galite Alstein Ghalite, Good morning.
Thank you for being with us. Can you tell us
the situation in Rafa now as far as we understand it, Yes, I.
Speaker 14 (12:54):
Am, good morning, Nathan. So, as you mentioned, the Israeli
army has taken control of the Rafa border crossing. This
is the Goden side of the crossing. It also has
an Egyptian side, but obviously Israel is now centered on
the Garden side of this crossing. We know that the
Idea tells us this morning that this operation stemmed from
(13:16):
intelligence and that this is a highly targeted, specific operation
that is meant, as the Idea of says to the
involves counter terrorism there, so that's what we're seeing on
the ground now. The Israeli Army also says that the
best majority of the people who are in the eastern
parts of Rapha and we're asked to evacuate yesterday have
(13:40):
in fact evacuated, and that is also what made this
operation possible.
Speaker 2 (13:45):
So it sounds at this point as though it's falling
short of the major operation that the US and many
of Israel's allies have warned against.
Speaker 14 (13:55):
Yes, that is true. The songs that we're getting is
that this is a very targeted operation. What happened several
days ago is that Hamas militants fired bombarded Israeli forces
from the area of the Rafa crossing. They were shooting
toward the Klam Shalom crossing, which is on the border
(14:16):
between Israel and Gaza, and after this incident, Israel said
that it wants to retaliate, and based on the location
from where the Hamasa tech attack took place, from near
the Rafa crossing, and other intelligence that the IDEA gathered,
they decided to move forward with this operation. As I mentioned,
(14:39):
and as you mentioned, they say that this is a
very specific targeted operation that is taking place there now,
and we're not sure that this is part you know,
it's hard to separate and distinguish the two, but this
is not necessarily part of the all out Rafa operation
Israel and the US and many others have been talking
about and anticipating over the past several weeks.
Speaker 2 (15:00):
And of course this comes hours after Hamas said it
had gotten behind the latest seasfire proposal, but Israel's war
cabinet had rejected that latest proposal. What happened with the
ceasefire negotiations? What was it that the Israeli war cabinet
came out against?
Speaker 14 (15:20):
Right, So I have to say that the information on
this is still, you know, flowing it as we speak,
but as far as we can tell, there are two
issues that I would say are sticking points in the
proposal that Hamas said yes to and that Israel has
rejected last night. The first is the number of hostages
that will be released in the first stage of such
(15:42):
a deal. Israel and the other mediators have been talking
about thirty three Israeli hostages, live hostages that will be
released at the first part of this deal, and as
far as we can tell, what Hamas has said yes
to is the release of thirty three thirty three hostages
that we will be dead or live, and Israel does
not want to accept that. And the second thing, which
(16:05):
is maybe more of a principal issue, is the fact
that after the first stage of the deal is finished
and the deal moves on to its second stage that
involves the release of Israeli soldiers were being held mosted
by Hamas, that would involve something that is being referred
to as a sustainable ceasefire. In other words, it's a
(16:27):
permanent cease fire that is meant at least as far
as Hamas is concerned, to stop Israel from going back
to fighting after the deal the ceasefire deal is over,
and that is something that Israel has been rejecting and
that Hamas wants very much and that is a very
(16:47):
major sticking point for the size now and from what
we understand, maybe the biggest form of this PIM.
Speaker 2 (16:53):
This is Bloomberg day Break Today, your morning brief on
the story's making news from Wall Street to Washington and beyond.
Speaker 1 (17:00):
Look for us on your podcast feed at six am
Eastern each morning, on Apple, Spotify, and anywhere else you
get your podcasts.
Speaker 2 (17:08):
You can also listen live each morning starting at five
am Wall Street time, on Bloomberg eleven three to zero
in New York, Bloomberg ninety nine to one in Washington,
Bloomberg one oh sixty one in Boston, and Bloomberg ninety
sixty in San Francisco.
Speaker 1 (17:21):
Our flagship New York station is also available on your
Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.
Speaker 2 (17:30):
Listen coast to coast on the Bloomberg Business app, SERIUSXM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan
Hager and I'm Karen Moscow.
Speaker 1 (17:39):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan
Hager and I'm Karen Moscow. Here are the stories we're
following today.
Speaker 2 (00:16):
We begin with major developments in the Middle East. Israeli
troops have taken control of the Rafa border crossing area
in Gaza. It is the first time Israel's army has
moved into the area since the war with Hamas began
last October. We get the latest with Bloomberg's Rosalind of Athisen.
Speaker 3 (00:32):
That is the conduit between Egypt and Gaza and has
been a major port of operation for aid to go
into Gaza in recent months. It's not the only crossing
into Gaza, but there's only a few, and they've been
pretty troubled throughout, and so it's really going to raise
questions about the flow of aid into Gaza. It also
points to the fact that Israel is very determined to
(00:54):
push ahead with some sort of offensive in Rafa, whether
that's within weeks or days or whatever. They're making preparations
for it.
Speaker 2 (01:02):
And that's Bloomberg's Roslyn Matheson reporting.
Speaker 1 (01:05):
Well dungons build in Gaza. Nathan College campuses across the
country continue to grapple with pro Palestinian protesters. Columbia University
called off its main commencement ceremony yesterday, less than a
week after calling in police on demonstrators. Harvard and MIT
are warning students to leave their encampments or face suspension,
and Citadel founder in Harvard grad Ken Griffin is delivering
(01:28):
a warning of his own.
Speaker 4 (01:30):
As a donor at Harvard, I've made it really clear
I am going to curtail my charitable giving until Harvard
recommits itself to meritocracy in a very public and profound way.
Speaker 1 (01:41):
Citadel's Ken Griffin says the protests are the product of
a failed education system. He spoke at the Milk and
Global Institute conference in Beverly Hills and Karen.
Speaker 2 (01:50):
President Biden plans to speak as well. He's expected to
denounce the growing number of anti Semitic incidents across the
country on college campuses. We get that sorry from Bloomberg
Steve Potisk in Washington.
Speaker 5 (02:02):
During his speech at an annual Holocaust commemoration at the
US Capital, the President is expected to criticize anti Jewish
rhetoric athet protests as unacceptable. He will also urge Americans
to speak out against anti Semitism and other forms of hate.
A White House official says Biden will also recount the
atrocities of Hamasa's October assault on Israel, has the deadliest
(02:25):
attack on Jews since the Nazi campaign to exterminate the
Jews of Europe, and say too many people are downplaying
both events. The speech highlights the political dilemma facing Biden
at the seven month mark of Israel's war in Gaza,
which has exposed divisions within the Democratic Party that could
hurt his chances of winning the November election. In Washington,
(02:46):
Steve Potisk Bloomberg Radio, all.
Speaker 1 (02:49):
Right, Steve, thank you, now to the latest on the
criminal hush money trial of Donald Trump. The former president
returns to court today facing a threat of jail time
for additional gag order violations. Has prosecuted gear up to
summoned big name of witnesses in the final weeks of
the case. Bloomberg The Law host June Grosso explains.
Speaker 6 (03:07):
For the second time, Judge One Mershawn found Trump in
contempt of court for violating a gag order. He fined
Trump one thousand dollars and warned he could jail him
for further violations. Of an order intended to protect witnesses
as well as jurors. The judge said he understood the
significance of jailing a former president and current candidate, especially
(03:29):
since putting Trump behind bars would raise serious logistical issues.
But at the end of the day, quote, I have
a job to do, and part of that job is
to protect the dignity of the system. In New York,
June Grosso Bloomberg Radio.
Speaker 1 (03:44):
And Bloomberg's June Grasso says that Trump has repeatedly attacked
the gag order and claims it unfairly is restricting his
free speech rights.
Speaker 2 (03:52):
And in other news this morning, Karen, it's another setback
for Boeing, this time in space. The first launch of
the playmaker's star Liner space capsule with astronauts on board
has been delayed. Officials found something wrong with the valve
on the Atlas five rocket that was supposed to send
that spacecraft into orbit. Now investigators will have to decide
if that valve needs to be replaced. The next backup
(04:13):
dates for liftoff are today, this Friday or Saturday.
Speaker 1 (04:17):
When we turn to the markets, now, Nathan it shares
a ubs are up more than eight percent, overseas, the
Swiss bank has returned to profit after two quarters of losses.
UBS reported first quarter net income of almost one point
eight billion dollars, three times what analysts were expecting. CEO
Sergio or Maadi told Bloomberg the absorption of its former
rival is going well.
Speaker 7 (04:38):
As we integrate a new colleagues from Credit Switch on
our platform, we start to see the pipeline developing we
are able to execute. So it's very much aligned with
our expectations of improving the mix between our markets business
and our banking business and the investment bank.
Speaker 1 (04:57):
CEO Sergio Ormadi says the bank thank is targeting the
completion of the legal merger with Credit SUEEE by the
end of the month. And get the full conversation on
the Bloomberg Talks podcast feed, available on Apple, Spotify and
anywhere else you get your podcasts.
Speaker 2 (05:11):
And those aren't the only earnings we're seeing out of
Europe this morning, Karen, we're watching shares of Unit Credit.
They are up more than three percent. Profit at Italy's
second biggest bank, top analyst estamates is higher fees and
lending income boosted revenue. On the flip side, BP is
down about a half percent. First quarter profit and cash
flow at the oil major fell by more than expected,
(05:31):
and net debt increased BP, though did maintain the pace
of its share buybacks well.
Speaker 1 (05:36):
Here in the US, Nathan Shares appall and Teer Technologies
are down more than nine percent in early trading. Investors.
We're unimpressed by the company's outlook for annual sales, and
we get this story from Bloomberg's Charlie Pellett.
Speaker 8 (05:49):
Well stock has already tripled in the past year. The
company did nudge its annual revenue forecasts slightly higher, to
a range of two point sixty eight to two point
sixty nine billion. Analysts had expected two point sixty eight
billion on average. Palenteer is one of the marquee stalks
of the tech world's current AI frenzy, with new products
(06:10):
helping to catapult it more than two hundred percent over
the last twelve months. Co Founded by Peter Thiel, Palenteer
developed software and analysis tools for companies and government agencies
allied with American interests in New York. Charlie Pellett Bloomberg.
Speaker 2 (06:27):
Radio, All right, Charlie, thank you meantime. Tesla founder Elon
Musk is sitting down with Michael Milkin at the Milkin
Conference in Los Angeles, talking about a range of issues
from immigration to free speech, as well as the threats
posted to humanity by artificial intelligence.
Speaker 9 (06:42):
We just, I guess, don't want to AI.
Speaker 10 (06:44):
That is brutal.
Speaker 9 (06:45):
I think biological intelligence can serve as a backstop, as
a buffer of intelligence, but almost all, as a percentage,
almost all intelligence will be digital.
Speaker 2 (06:59):
It's like, what role will it be for us?
Speaker 4 (07:03):
I don't know.
Speaker 2 (07:04):
Elon Musk, also the founder of SpaceX, added that AI
still has a long way to go before it can
become a viable tool in the space exploration industry. There
was no mention of Tesla, one of Musk's other companies,
during that conversation at Milkin.
Speaker 1 (07:22):
And it is time now for a look at some
of the other stories making news in New York and
around the world. For that, we're joined by Bloomberg's Michael
Barr Michael, Good Morning, Good morning Karen.
Speaker 10 (07:30):
After a nearly two hour meeting with House Speaker Minke Johnson,
Republican Congresswoman Marjorie Taylor Green says she plans to meet
with him again today. Green will be joined by a
fellow Republican representative Thomas Massey. The two have threatened to
house the speaker, but the motion of a kid hasn't
gained much support among their colleagues. Green, speaking to reporters
after yesterday's.
Speaker 11 (07:51):
Meeting, I just had a long discussion with the Speaker
in his office about ways to move forward for a
Republican controlled House of Representatives.
Speaker 10 (08:02):
When pressed on Weather, she still plans to move forward
with her motion to vacate Representative Greens, and we'll have
more information after today. Speaker Johnson described Monday's meeting as
lengthy and constructive. An American soldiers behind bars in Russia.
Local media reports Army staff sergeant Gordon Black is accused
of stealing and beating a woman. Black may have been
(08:26):
visiting a woman he met while stationed in South Korea.
Black's more their melody. Jones describes the couple's relationship as
volatile and says she was worried about her son visiting Russia.
Speaker 12 (08:38):
I'm hoping he's not being tortured or her It's just
hard being a mom and being in that situation and
not knowing, not being the touching, you know, hugging, telling
me it'll be okay.
Speaker 10 (08:52):
Sergeant Black is the latest and a string of Americans
detained in Russia, joining businessman Paul Wheeland held since twenty
eighteen and Wall Street Journal reporter Evan Gerskovich, held since
last year. Scores of pro Palestinian protesters were blocked by
the police from getting close to the MET Gala, one
of the most exclusive annual events in New York City's calendar.
(09:14):
The demonstrators were heading toward the venue, the Metropolitan Museum
of Art on the Upper East Side, when they were
intercepted by the NYPD. As for the met Gala itself,
it featured a garden green tinted carpet and a list
celebrities from film, fashion, music, sports, politics, and social media.
(09:35):
This year's attendees included Jeff Bezos, Steve Schwartzman, Kim Kardashian,
Serena Williams, and Matt Damon. One person who wasn't there
the Sas Grammy winner Rihanna, who was said to have
come down with the flu. Global News twenty four hours
a day and whenever you wanted with Bloomberg News now
(09:57):
Michael Barr and this is.
Speaker 1 (09:58):
Bloomberg, Karen, you know I could get sick just thinking
of what to wear to the medgala, but you always
nail at Michael Barr. All right, Mugel Barr, thank you.
It's time now for the Bloomberg Sports Update, and here's
John stash Hour.
Speaker 2 (10:15):
John, good morning, Good morning, Caaren.
Speaker 13 (10:16):
Like old times at the guard of the Knicks and
the Indiana Pacers in the postseason, they met six times
an eight year period in the nineteen nineties to two
thousand and those were mostly close series, tight games, and
this series opener not decided until the final minute one
on one, with Nemhart backing his way in at the
top of.
Speaker 2 (10:33):
The key shot locked down to six steven Shenzo.
Speaker 8 (10:35):
Seek three left side.
Speaker 1 (10:37):
That's good and the Knicks are on top by three.
Speaker 13 (10:39):
Quit thirty nine seconds to go, knocked to wait by
heart stolen by McBride, taken by Ananobi triples towards midport.
Speaker 6 (10:47):
Game one goes to the Knicks one twenty one till one.
Speaker 13 (10:51):
Seventeenwapn Nicks led once again by Jalen Brunson forty three
points twenty one on the fourth qorder. The list of
players to have four concent of forty point playoff games
is short. Michael Jordan, Jerry West, the former Nick Bernard
King and now Brunson Devincenzo had that tie breaking three
finished with twenty five points. Josh Hart, as usual, played
(11:11):
the whole game twenty four points, thirteen rebounds, eight assists,
three steals, so the Villanova.
Speaker 10 (11:16):
Guys led the way.
Speaker 13 (11:17):
Game two at MSG tomorrow Stateman win by Minnesota playing
without starting center Rudy Gobert, and yet by halftime in
Denver up by twenty six, they won by twenty six
as both Anthony Edwards and Karl Anthony Town scored twenty seven.
Timberwolves go home up to nothing on the defending NBA champions.
Speaker 10 (11:34):
They had the Cup playoffs.
Speaker 13 (11:35):
The Brewin scored three times at a seven minute span
of the second period one Game one at Florida, five
to one, five Boston goal scorers, including Brandon Carlow, who
arrived at the rink just before face off. His son
was born yesterday morning at the guarding tonight, Rangers and
Hurricanes Game two. After getting swept over the weekend, Mets
went to Saint Louis Blue a three nothing lead. The
Brandon Neimo homer seventh Thenny Mets won four to three.
(11:57):
Red Hot Phillies beat the Giants six to one the
fields of one seventeen to the last, twenty fifth graight
win for the Dodgers as Shoeyl Tany hit a Major
League meeting eleventh.
Speaker 8 (12:06):
Homer John stashed.
Speaker 13 (12:07):
We're Bloomberg Sport Canon Nathan.
Speaker 10 (12:11):
Coast to coast on Bloomberg Radio, nationwide on Sirius XM, and.
Speaker 8 (12:15):
Around the world on Bloomberg dot Com and the Bloomberg
Business app.
Speaker 2 (12:20):
This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. We
want to get to the latest now from the Middle East.
Israeli troops have taken control of the border crossing area
in the southern Gaza city of Rafa. This comes a
day after Israel's military tolt residence in the eastern part
of that heavily populated city to leave immediately ahead of
(12:40):
a possible attack. Joining us from Tel Aviv. Now is
Bloomberg Israel Economy and Government reporter Galite Alstein Ghalite, Good morning.
Thank you for being with us. Can you tell us
the situation in Rafa now as far as we understand it, Yes, I.
Speaker 14 (12:54):
Am, good morning, Nathan. So, as you mentioned, the Israeli
army has taken control of the Rafa border crossing. This
is the Goden side of the crossing. It also has
an Egyptian side, but obviously Israel is now centered on
the Garden side of this crossing. We know that the
Idea tells us this morning that this operation stemmed from
(13:16):
intelligence and that this is a highly targeted, specific operation
that is meant, as the Idea of says to the
involves counter terrorism there, so that's what we're seeing on
the ground now. The Israeli Army also says that the
best majority of the people who are in the eastern
parts of Rapha and we're asked to evacuate yesterday have
(13:40):
in fact evacuated, and that is also what made this
operation possible.
Speaker 2 (13:45):
So it sounds at this point as though it's falling
short of the major operation that the US and many
of Israel's allies have warned against.
Speaker 14 (13:55):
Yes, that is true. The songs that we're getting is
that this is a very targeted operation. What happened several
days ago is that Hamas militants fired bombarded Israeli forces
from the area of the Rafa crossing. They were shooting
toward the Klam Shalom crossing, which is on the border
(14:16):
between Israel and Gaza, and after this incident, Israel said
that it wants to retaliate, and based on the location
from where the Hamasa tech attack took place, from near
the Rafa crossing, and other intelligence that the IDEA gathered,
they decided to move forward with this operation. As I mentioned,
(14:39):
and as you mentioned, they say that this is a
very specific targeted operation that is taking place there now,
and we're not sure that this is part you know,
it's hard to separate and distinguish the two, but this
is not necessarily part of the all out Rafa operation
Israel and the US and many others have been talking
about and anticipating over the past several weeks.
Speaker 2 (15:00):
And of course this comes hours after Hamas said it
had gotten behind the latest seasfire proposal, but Israel's war
cabinet had rejected that latest proposal. What happened with the
ceasefire negotiations? What was it that the Israeli war cabinet
came out against?
Speaker 14 (15:20):
Right, So I have to say that the information on
this is still, you know, flowing it as we speak,
but as far as we can tell, there are two
issues that I would say are sticking points in the
proposal that Hamas said yes to and that Israel has
rejected last night. The first is the number of hostages
that will be released in the first stage of such
(15:42):
a deal. Israel and the other mediators have been talking
about thirty three Israeli hostages, live hostages that will be
released at the first part of this deal, and as
far as we can tell, what Hamas has said yes
to is the release of thirty three thirty three hostages
that we will be dead or live, and Israel does
not want to accept that. And the second thing, which
(16:05):
is maybe more of a principal issue, is the fact
that after the first stage of the deal is finished
and the deal moves on to its second stage that
involves the release of Israeli soldiers were being held mosted
by Hamas, that would involve something that is being referred
to as a sustainable ceasefire. In other words, it's a
(16:27):
permanent cease fire that is meant at least as far
as Hamas is concerned, to stop Israel from going back
to fighting after the deal the ceasefire deal is over,
and that is something that Israel has been rejecting and
that Hamas wants very much and that is a very
(16:47):
major sticking point for the size now and from what
we understand, maybe the biggest form of this PIM.
Speaker 2 (16:53):
This is Bloomberg day Break Today, your morning brief on
the story's making news from Wall Street to Washington and beyond.
Speaker 1 (17:00):
Look for us on your podcast feed at six am
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Speaker 2 (17:08):
You can also listen live each morning starting at five
am Wall Street time, on Bloomberg eleven three to zero
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Speaker 1 (17:21):
Our flagship New York station is also available on your
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Speaker 2 (17:30):
Listen coast to coast on the Bloomberg Business app, SERIUSXM,
the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan
Hager and I'm Karen Moscow.
Speaker 1 (17:39):
Join us again tomorrow morning for all the news you
need to start your day right here on Bloomberg Daybreak
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