Hamas Releases Hostages, Eight Candidates Vie for Speaker, Bond Sell-Off Sparks Fear
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Homos releases to elderly israeli hostages on humAnitarian an ground.

Meanwhile, israeli airstrikes intensify in southern goso.

where civilians were asked to .

flee the ground. Vasishtha ent.

I am a hal Martin. That's a Martinez. And this is up first from mp. R news. Republicans are added again today that will choose between eight candidates vying to become .

speaker of the house.

Optimistic I have a speak. Can the party come together in time to avoid a government shut .

down at a cell off of U. S. Treasury bonds of Sparking fears of higher inflation. He has .

historical one of you seen stay with us. We've got all .

the news to start your day.

A Martini is in los sanger's, california. Some, how much needed a good news this morning out of the israel gaza conflict, two elderly women abducted by the militant group of mos and the crossed border attack on is really nearly two weeks ago were at leased. They are eighty five year old, you Kevin lifshitz and seventy nine year old nord Cooper jackie northern is in jerusalem ackee. Tell us what you know about the hostages that were .

released while the release was broken by egypt and kr, you know, long negotiations. And one of the women the eighty five year old you covered, lifshitz, described her ordeal afterwards at a television hospital. SHE spoke .

her a translator. IT was very, very difficult and unpleasant. In the memory, I see the images, but he said he .

went through what he called a nightmare that he couldn't have imagined after homa militants grabber during the attack on the abbot, they put her on a motorcycle and took off over fields. Her legs were tired, and he said he was hit with a wooden pole. A lupu IT says they ended up in one of these hamas underground tunnels, and they walked for two or three hours to the labyrinth tunnels before they met up with other hostages.

And considering the circumstances, lucas was almost charitable about her capture. SHE said they ate meals together. They didn't talk about politics.

They were visited every day by a doctor and brought medications of needed until they were released. In interest in where there's a video of the release of the two women. And in india, lifshitz kes, the hand of a hamas militant, and says, hello, peace.

But, you know, IT, these, these, these are two people who are burmans. We can't forget that there are about two hundred and twenty other hostages, israelis, but other foreign nationals, including ten americans, that are still being held. And the by administration says it's working around the clock to get americans out of gaza.

Wow, what a story from her and glad to know that he that he got out okay okay as possible three weeks into this conflict now um and from the very beginning israel has said that they want to root out up root homos from gaza hasn't happened yet, can happen less. They they go walk in any sign of that might happen soon. Well israel's military .

seems to be poised to go and you know got troops and takes along the border with gaza. But nothing has happened. Certainly, the hostage situation complicate things.

You know, that takes time to negotiate the release of these people. Israel also wants time to take out as much of hamas's underground tunnel system as possible. And to that end, israel's been pounding gaza with air strikes, four hundred airstrikes just overnight.

About fifty eight hundred palestinian civilians have been killed so far and many of them children um and more than a million people display you know the other factor delaying an incursion are split within the government about when ago and prime minister Benjamin neTanyahu has been israel's longer serving leader. But he's never initiated an act of war. But he has hard light, right members in his government who are pushing him now to go in.

I think the other final um factor is the U. S. And other allies are urging israel to go slow.

And why are they urging the ghost? What other concerns?

Well, the concern is that israel doesn't have a well thought out strategy. You know, this is going to involve urban war fare. Homa has these underground network of tunnels, which is where they Operate from.

The U. S. Defense secretary loyd awesome has been a regular contact with his counterparts here, sharing with them the experiences and the chAllenge that the U.

S. Went through conducting urban warfare in iraq. Thing is, they want them to really think hard before going in what the end game is in gaza.

P. R, S, jackie, northern in jerusalem, acgih.

Thank you. Thank you.

The U. S. House of representatives has now been without a speaker for twenty one days, leaving congress virtually paralyzed.

Republicans will try again to elect their nominee for speaker today. There are now eight candidates in the race, and each of them made their pitch behind closed doors last night to their fellow republicans, some like don bacon of nebraska, hoping that this time they can come together.

I feel optimistic we will have a speaker.

M. P. R. Political correspondence. Susan Davis joins us now. So toys, optimistic can, because optimistic any front that could bring all together.

Well, the closest person to that in this race is probably to member. He's a republican for minnesota and he's currently the majority whip. That's the number three elected leadership position whose job IT is to basically know where the votes are in the conference prior to that job, run the house republican's national campaign Operation.

So he has the most natural position of strength based off of both his resume e and certainly has fun raising record. But i've established republicans have struggled in this fight. You know, Kevin a carthy was removed from the job.

Majority leader's see school dropped out before his nomination could even go to the floor. And emr isn't considered an ally. A former president trump the way failed nominee jim Jordan was considered an ally.

So he's a front unner with a lot of caveats. Other members, I would note in this race are mike Johnson of lousianner. He's a lower tear leadership position and he has relationships with with the party's base in a lot of party activists.

Georgia's awesome scot is making a second run for speaker after initially losing the nomination to jim Jordan and florida by an Donald. He's a junior lawmaker, certainly for the position of speaker, but he's part of the freedom caucus. He's popular there. And if he were to win the nomination or win on the floor, he would be the first black speaker of the house. The rest of the candidates in the race are not particularly well known, but with no very clear front on our obviously.

upsets are always a possibility in this race. So tell us how this internal vote process works.

So each candidate will have uh, a fellow lawmaker give a nominating speech in as many as two additional lawmakers can speak on their behalf and then they start voting behind closed doors. Republican conference rules say the candidate with the least votes will drop off the subsequent ballot, and they just keep doing this until someone wins a majority.

The conference right now there are two hundred and twenty one house republicans if everyone shows up to vote. So part of the plus one, if no one drops out along the way, this could take either nine rounds of voting. So IT could be a very long day, but IT has been three weeks of very long days for house or republicans. They could also hold other votes today. They've used these secret ballots to get temperature checks on whether lawmakers would vote for a nominee on the floor and even if nominee should drop out of the race, which was ultimately what the conference voted about jim Jordan just last week, which has let them here.

So as we know, being anomaly is one thing. Winning over a the house of the floor vote is quite another. Or how confident are republicans? They can wrap this thing up.

Certainly not a sure bet. You know, if republicans can pick their nominee today, they could go to the floor pretty quickly and see where the votes stand. They could go as early today, but more likely tomorrow.

There is the school of thought. And IT might be a really optimistic that enough republicans are so exhausted by this public drama, they're just ready to unite behind anyone and get on with governing. But the party is divided in pretty critical waves over what exactly their governing agenda should be right now.

The immediate work facing the republican majority is legislation that almost certainly will need democratic support to keep the government open, to pass spending bills and to pass foreign aid, israel and ukraine. And it's really hard to win what is essentially a party purity chAllenge. And yet have the very first test of that person be figuring out how many democrats the speaker will need to get its work done.

And so what if republicans are not able to like to speaker again this week and how much urgency is there for them to figure out? Well.

congress doesn't always act until there's a hard deadline. And Frankly, the next hard deadline is november seventeenth. That's when the current stop APP spending bill runs out and the government would shut down.

Now house, house republicans obviously wants to get this done more quickly than that because they realize this is politically very bad for the party. But it's unclear what possible at this point, senate minority leader mr marconi told face the nation over the weekend. He hopes to speaker drama is resolved soon and said it's clearly a problem when congress can function.

M P R political correspondent, Susan, David, Susan, thanks you. welcome.

The bond market may not get as much attention as the stock market, but a steep cell off is under way.

Government's issue bonds to raise money for public services and projects, and the states needs to borrow extensively for a variety of reasons, bond yield to have risen recently, and that threatens to have a big impact on the economy and what .

people pay to borrow money in what's driving yours high and what that means for you and me, David, or why does the bond market matter?

Well, you know, so many of us have bonds in our retirement portfolios. So if bond Prices go down or accounts are going to take a hit, no one likes to see that. But beyond that, the interest we pay on so much of what we buy is tied to yields on longer term treasury s.

On these U. S. Government bonds that mature in two years or ten years.

So higher yells affect credit cards. They affect car loans and home mortgages. They affect businesses that borrow money to grow. Of course, they affect the government, which issues this debt. IT also has to pay higher rates, which means IT costs taxpayers more money and adds to the deficit.

So what's behind the bond market sell off?

Well, first and foremost is due to the resilience of the U. S. economy. And as I say that I realized you maybe thinking, he, that doesn't sound like such a bad thing.

But you have to keep in mind, we have been through this screech of high inflation and the fed reserve has been hiking interest rates aggressively to lower that rate of inflation. It's been trying to slow down the U. S.

economy. But when you look at the economic data recently, a there are science. Policymakers are not making enough progress. K next is the chief investment officer at northern trust wealth management.

My goodness, we've had continuous and surprising resilience and labor market, surprising resilience and consumer spending. So I think growth has surprised on the upside to now.

Wall street doesn't expect the fed is gone to raise interest rates again at its meeting next week, but investors do expect the fed will keep interest rates higher for longer. This is a phrase I hear all the time now covering wall street. And what IT means is the fed is not going to feel comfortable enough to reduce interest rates until there are more science. The economy is cooling a and inflation is coming down closer to its target.

about two percent. So I mean, how bad are things in the bond market?

You know, it's been pretty bad and the set off comes after a pretty miserable year. Twenty twenty two is one of the worst years on record for bonds. And right now, things are not looking much Better.

We just hit this big milestone, the yield on the ten year treasury note, which is a key benchmark, just topped five percent, which is something we haven't seen since the summer of two thousand seven, back when George w. Bush was the president and ben bernanke was the fed chair. With bonds when yields go up, as they have Prices go down.

And here's how john canada describes that. We've ve seen lately. He's lead analyst at oxy economics.

He has been tremendously bad sell up. IT has been historical, one of the worst sell in now. Other factors .

are behind IT. And a big one is growing concern about the government's finances just reported its budget deficit balloon over the past year. And there is concern is washing continues to spend a lot of money at a time when tax revenge are down.

So this isn't sound great, David. I mean, what's the outlook for the bone market if .

you're looking pretty rough and there's no indication that's gona change anytime soon? But you know, us government bonds are seen as some of the risky investments in the world, and that is especially true when there is global turmoil right now. Of course, there are two big conflicts, russian invasion of ukraine and the war between israel.

Homos, we could see investors flock to U. S. Treasury's once again. And if that does happen, yield would fall and Prices would go up.

Mp s. David gura, David, thanks for explaining ing this. Thank you. And that's the first for tuesday, october twenty four.

Martina Martin. Today's episode of up first was edited by tarnel keli snail ra and mohan bc. IT was produced by monsey corona, David west and lily kilos.

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