Netanyahu Says No Cease-Fire; New Apple Macs and PC Chips

On today's podcast: 1) Israel's Netanyahu Says there will be no cease-fire . Israel struck more targets in Lebanon and Syria overnight, while stepping up its ground operations in Gaza. 2) GOP House members are breaking with President Biden on a $14 Billion Israeli aid plan . The package separates the Israel aid from a broader Biden emergency funding request that includes assistance for Ukraine and Taiwan. It also leaves out humanitarian assistance for civilians in Gaza and Israel that the White House requested. 3) Apple is unveiling new laptops, iMacs and more powerful chips . The iPhone maker is rolling out a first-of-its-kind M3 chip that boosts performance and graphics horsepower. 4) The Detroit Lions beat the Las Vegas Raiders on Monday Night Football after a weak performance from wide receiver Davante Adams. FULL TRANSCRIPT: Good morning. I maybe Morris and I'm Karen Moscow. Here are the stories we're following today. We begin with the latest on the war in the Middle East. Israel has struck targets in Lebanon, stepping up its ground operations in Gaza. This latest military action comes as Prime Minister Benjamin Netanyahu rules out a cease fire and dismissed calls for him to resign over security failures that led to the October seventh Thamas attack. The only thing that I intend to have resign is Kamas. We're going to resign them to the dust benef history. That's my goal, that's my responsibility, and that's what I'm leading the country to do. Prime Minister Benjamin Netanyah, who says more than fourteen hundred Israelis were killed in that attack, the largest loss of Jewish life since the Holocaust. Well Amy Netanyah, who made his evening address in English Bloomberg's Oliver Crook is in Tel Aviv and has more on Netanyahu's message to the international community. The point that he was making was one that we've heard many times for the Prime Minister, a question of moral clarity in making the distinction between the deliberate murder of innocent and the unintentional casualties that accompany any war is what he says. And of course those casualties have exceeded now, according to the Gazen authorities, more than eight thousand people. And that is the big question internationally, where is the limit to self defense? On the question of ceasefires, he says, you wouldn't have asked for a ceasefire after Pearl Harbor or nine to eleven. That a ceasefire is a call for surrender for Israel is what he said. And regardless of who stands with Israel, he says, he's going to continue on this battle. And bloombergs Oliver Kuik, reporting from Tel Aviv, says authorities in Hamas run Gaza say the death toll since the war erupted has surpassed eighty three hundred and back here at Home, Defense Secretary Lloyd to Austin and Secretary of State Antony Blincoln will make the case that the United States should immediately send aid to both Israel and Ukraine. They'll testify at a Senate hearing. As House Republicans are taking their own path on aid to Israel. Bloomberg's Ed Baxter has that story. The Republicans introducing a fourteen point three billion dollar aid plan. The package separate it's Israel aid from a broader Biden emergency funding request that include Ukraine and Taiwan aid. We'll have to see what the Speaker will do now. It pays for the Israel Aid by cutting the Biden Inflation Reduction Act calling for a fourteen point three billion dollar reduction in funding for the IRS. This complicates the process to get anything done on this, as Democrats in the Senate and the President himself feel very strongly about that funding. Ad Baxter, Bloomberg Radio. All right, and thank you well. Turning to the markets now, the yen is falling the most in two months after the Bank of Japan made only minor changes to its policy settings, and that's disappointing some in the market who had expected more. The central Bank kept its camp on long term yields at one percent and left its negative interest rate untouched. Staying in Asia, China's factory activity fell back into contraction in October. Bloomberg Daybreak Asia anchor Brian Curtis has more from Hong Kong. The official PMI fill to forty nine point five in October, the estimate at fifty point two. In addition, an expansion of the services sector unexpectedly eased. The reading suggests the economy remains fragile and needs further support. The non manufacturing gauge declined to fifty point six from fifty one point seven in September, also lower than forecast. The numbers are skewed due to an eight day holiday at the beginning of the month, but let's not quibble. Demand remains weak. In On Kong, Brian Curtis, Bloomberg Radio, All right, Brian, thank you well. In corporate news, Apple has unveiled new iMac and laptop of models and the third generation of its in house processor line. The tech giant says the new chip will make its MacBooks more powerful and retain their battery life. Begain more from Bloomberg's executive Global Technology editor Tom Giles in San Francisco. What they're trying to show is that the new line of chips that they've just unveiled, the M three, is a kind of chips that's faster, more powerful, and at the same time more energy efficient. So what they're trying to do is they're using this new chip to breathe life into their their Mac product line, and Bloomberry's Tom Giles says Mac sales or forecast to climb about five percent in the holiday quarter, and staying on the tech theme, X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for a year ago. More from Bloomberg's Charlie Pellett. The source tells Bloomberg restricted stock units awarded to employees value the company at nineteen billion dollars or forty five dollars a share a year ago. Musk bought Twitter for forty four billion dollars. Since the takeover, most of Twitter's staff was laid off or resigned. Musk renamed the company X, changed some of its content rules, and has since lost more than half of its AD revenue in New York. Charlie Pellett Bloomberg Radio. All right, Charlie, thanks now to the latest on the Sam Bankman freed fraud trial. The co founder of f TX took the stand again yesterday, telling a New York court he was aware Alimeter Research did not take steps to properly hedge risks. He is charged with approving the transfer of billions of FTX customer dollars into Alameter for investments, political donations, and real estate before both companies collapsed. Turning to earnings, thirty companies in the S and P five hundred will report today. Heading the list Pfizer, Caterpillar, and Amgen. Shares of Pinterest are up more than sixteen percent. In early trading, the social networking company reported third quarter results that beat estimates, and in Europe Amy shares a BP are falling there down more than five percent. Profitfel short of estimates as weak results in gas marketing offset a strong performance in oil trading. Like its big oil peers, BP's earnings were well below last year's record levels high by which were high by historical standards, as geopolitical tensions kept energy prices elevated. Ten 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, Karen. The White House says there's been a rise in anti Semitic incidents at schools and on college campuses nationwide following the Israel Hamas war. Among the latest officials at Cornell University, heay the FBI has been notified about online threats of violence directed at the university's Jewish Center. White House Press Secretary Cringe Jean Pierre, There's no place for hate in America, and we condemn any anti Semitic threat or incident in the strongest in the strongest terms, she says. The administration is monitoring those threats and others closely. Vice President Harris poised to announce an investment more than two hundred million dollars from philanthropic foundations to finance artificial intelligence advancements. That story in this report this morning from Bloomberg's Jeff Bellinger. The investment aligns with the Biden administration's broader goals of promoting AI innovation that x consumers and supports international rules for the nascent technology. The funders are also prioritizing initiatives focused on safeguarding democracy, assisting workers facing AI driven changes, and improving the transparency around AI. The announcement comes as Harris is scheduled to travel to London this week to meet with industry and foreign government leaders at a summit on AI. Risks Jeff Bellinger, Bloomberg Radio. The testimony of former President Trump's daughter Avanka in his ongoing civil fraud trial has been delayed. She was scheduled to take the stand Friday, but will now appear November eighth instead in order to provide sufficient time for her to be questioned. She'll testified the same day as the third Republican presidential primary debate, which your father has chosen to skip. In Colorado, trials begun that has a group ongoing. Former President Trump's role on January sixth disqualifies him from holding office and he should be kept off the ballot there. A similar case is going to be heard this week in Minnesota. There's another one in Michigan and another sent for New Hampshire. Ultimately, they may be destined for the US Supreme Court. Global news twenty four hours a day and whenever you want it with Bloomberg News Now. I'm John Tucker, and this is Bloomberg Radio. Karen all right, John, thanks well. We 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 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 podcasts. It is time now for the Bloomberg Sports Update. Here's John stash Hour, John Karen. The Texas Rangers are now nine to zero in this postseason in road games. They won Game three in the World Series at Arizona three to one's going all three runs in the third and aint Corey Seeger hit a two run homer. Max Schurzer pitched the first three innings, left with a back injury, but John Gray followed with three innings and then three relievers followed after that. Rangers now lead the series two games to one, with Game four in Phoenix tonight. Frank Howard has passed away at the age of eighty seven. A Major leaguer for sixteen years, he was the Rookie of the Year playing for the Dodgers in nineteen sixty, won a World Series in LA a few years later, then a four time All Star plane for the Washington Senators. The Mother Night Football game was in Detroit and the Lions were coming off a thirty eight to six loss last week at Baltimore, they rebounded and beat the Raiders twenty six to fourteen, and Detroit is now six and two. The rookie running back Jamier Gibbs twenty six carries one hundred and fifty two yards. The Celtics are three and oh. They got thirty six points from Jalen Brown in a one twenty six to one oh seven win at Washington. The Warriors are three and oh on the road and Steph Curry scored forty two. Golden State won at New Orleans won thirty to one oh two. The Bruins were facing the team that mos to them from the playoffs last year. Boston was down Tune up in Pavel Zaka scored in overtime, and the Bruins beat Florida three to two, Bruins improving to eighth and one on the season. The NFL trade deadline is today at four o'clock Eastern. Buffalo Bills have signed veteran running back Leonard Fournette. John stash Our Bloomberg Sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on SiriusXM, The Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning. I'm Amy Morris. Israel struck targets in Lebanon and stepped up its ground operations in Gaza. The latest military action comes as Prime Minister Benjamin Netanyah, who rules out a ceasefire. We're joined now by Bloomberg's Ross Matheson in London Rods. There was a defiant presser from Benjamin Nettnjah who despite those calls for a ceasefire. What was the main message, Well, it seemed to be a twofold message from Benjamin naw who in that press conference yesterday. The first one, as you say, was to make clear that he's not interested in a ceasefire right now with Hamas. He just said the stakes are too high for Israel and the imperative to strike back is too large. But it was also about him sort of resetting the narrative a bit potentially about his own leadership in this minute, as you were noting, he's been under pressure since the October seventh attack by Hamas. But the failure of Israel's intelligence services security services to see this coming, or certainly at least to ward it off from coming. And he has blamed others for that and was forced to apologize and retract a tweet that he did on it. And he was out there yesterday saying I'm here, I'm leading, I'm still in charge. In fact, he said I had to cool an end to the press conference so he could go off and, as he said, lead in this minute very much about sending a message that he's nowhere near resigning. In fact, he was asked in the press conference if he would resign. The answer was a resounding no. He was not going to resign. So it's about also his own personal leadership, and this minute is his popularity diminishing, however it is, and it seems to be there's sort of popular opinion on that. You can certainly see the tide on social media and some of the local media, also the opposition, but also more importantly senior figures in his so called unity government. Of course, he brought in other parties, other political figures in that moment, including Benny Gantz. He's been a key figure previously, and he's been quite critical of Nahu publicly overall of this, So it's not just sort of the public spirits. Also we're hearing senior figures in the security establishment, in the military, and in BB's own current Unity government, who are quite upset about some of the comments that he's made. Whether that leads to anything in the short term is unlikely. Right now, Israel is more focused on the war in Gaza, the war against Hamas, But in the longer term it is raising those further questions about his longevity as political leader. How much is this conflict spilling into other parts of the Middle East. What are more signs that you're seeing. Well, we're not saying that broad obviously, that the broad worry is that it becomes a Middle East wide conflict, but we are seeing seepitch in a way into other areas. So we're seeing Israel heating targets in Lebanon and Syria overnight. We're seeing Lebanon warning a short time ago that things could be escalating. Of course, Lebanon itself doesn't have a lot of control over Hesbella, that's the Iranian Bat militia that's operating there. It doesn't really have the ability to rain hesbelar In, but certainly Lebanon is worried about it and the knock on effect on its own country and the fact that things also seem to be spilling into Syria, where you've got a lot of Arani back malicious operating also does suggest that those concerns are real about the conflict escalating. And we know they've being attacked to and fro involving militia in Syria. They're also striking US soldiers at bases in places like Syria and Iraq. So you're seeing that escalation in activity involving Syria and Lebanon, at least those groups that are operating there. Thankfully now for now that you're still not seeing the sense that it's turning into a full scale regional conflict. Has there been more progress with increased humanitarian aid? It's been very limited. Again, a lot of calls obviously for aid to increase, many expressions of concern about the situation there, but still the trucks are only trickling in despite all those conversations and efforts that Israel's pledged to try and increase the aid flow, but there's no tangibles sign that that's really picking up. Meanwhile, the casualty rate inside Gaza is rising. The Hamas led administration there is now saying that eight three hundred people have been killed in Gaza, many of them children, and things are in a desperate state, including in the hospitals, So a lot of conversations around, a lots of conversations around. Can there be a pause in the fighting, But as of this morning, the flow of humanitarian health into Gaza is still very small. You're listening to Bloomberg Daybreak to day, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed at six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one sixty one in Boston, and Bloomberg nine sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. Listen coast to coast on the Bloomberg Business app, Sirius XM Channel one nineteen, the iHeartRadio app, and on Bloomberg dot Com. I'm Amy Morris and I'm Karen Moscow. Join us again tomorrow morning for all the news you need to start your day, right here on Bloomberg day Break See omnystudio.com/listener for privacy information.