Assad's Syria Regime Falls; President Trump talks Second Term

Bloomberg Daybreak: US Edition

On today's podcast:

1) World Braces for tension as Bashar al-Assad's regime falls in Syria

2) President-elect Trump talks Tariffs, Jay Powell, and possible pardons for January 6th

3) China eases monetary policy for first time in more than a decade

See omnystudio.com/listener for privacy information.

2024-12-09 16 min Transcript

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Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.039 --> 0:00:12.840 Good morning, I'm Nathan Hager and I'm John Tucker. Here 0:00:12.840 --> 0:00:14.400 are the stories we're following today. 0:00:14.520 --> 0:00:16.640 John, we begin with the latest from the Middle East. 0:00:16.720 --> 0:00:20.880 Syrian president Bashar al Assad has fled to Moscow. Syrian 0:00:20.960 --> 0:00:25.320 rebels reached Damascus over the weekend and overthrew Asad's government 0:00:25.440 --> 0:00:29.160 following nearly fourteen years of civil war. We get more 0:00:29.160 --> 0:00:31.080 from Bloomberg Stewart Livingston Wallace. 0:00:31.280 --> 0:00:33.440 I think you would find a constituency out there that 0:00:33.479 --> 0:00:35.400 said it took five decades to get rid of them, 0:00:36.120 --> 0:00:38.800 But you know, in terms of the more immediate past, yeah, 0:00:38.800 --> 0:00:40.360 it was less than two weeks. And I think it 0:00:40.400 --> 0:00:43.080 was the What surprised everyone was the speed of which 0:00:43.080 --> 0:00:45.159 it happened on a number front. So number one, that 0:00:45.240 --> 0:00:48.200 the opposition forces and there are many, many of them, 0:00:48.640 --> 0:00:52.720 managed to unify and work together and move very rapidly. 0:00:53.240 --> 0:00:56.800 Secondly at how weak the Assad regime proved to be 0:00:56.920 --> 0:00:59.200 when under a little bit of pressure. And then the 0:00:59.240 --> 0:01:03.160 third really important thing is how reluctant both Russia and 0:01:03.160 --> 0:01:06.080 Iran were to step in, Because there was certainly an 0:01:06.120 --> 0:01:09.760 assumption among some analysts that Russia would absolutely intervene, and 0:01:09.800 --> 0:01:10.800 that just didn't happen. 0:01:11.040 --> 0:01:14.360 Bloeberg Stewart Livingston Walla says looters have started raiding the 0:01:14.400 --> 0:01:16.840 presidential palace and people have taken to the streets of 0:01:16.920 --> 0:01:19.720 Damascus to celebrate the Azad regime's demise. 0:01:20.120 --> 0:01:24.039 And now Israeli ground forces have crossed into Syria for 0:01:24.120 --> 0:01:26.800 the first time in more than fifty years. Israel's Foreign 0:01:26.840 --> 0:01:30.400 minister confirmed that they've struck chemical weapons facilities in Syria. 0:01:30.600 --> 0:01:34.880 It was described as a preventative measure. Israeli Prime Minister Benjaminetna, 0:01:34.920 --> 0:01:37.319 who welcomed the fall of Assad, who was a key 0:01:37.480 --> 0:01:41.120 ally of Iran and Lebdon and Hesblab militant group. 0:01:41.440 --> 0:01:44.039 This is a historic day for the Middle East, the 0:01:44.120 --> 0:01:47.880 collapse of the Acid regime. The tyranny in Damascus offers 0:01:47.960 --> 0:01:52.440 great opportunity, but also is flawed with significant dangers. This 0:01:52.560 --> 0:01:56.720 collapse is a direct result of our forceful action against 0:01:56.800 --> 0:02:00.760 Kibala and Iran Asad's main supporters. It's set off a 0:02:00.800 --> 0:02:03.040 chain reaction of all those who want to free themselves 0:02:03.040 --> 0:02:05.080 from this tyranny and it's oppression. 0:02:05.280 --> 0:02:08.240 Israeli Prime Minister Benjaminnett Yeho says the collapse of the 0:02:08.240 --> 0:02:11.560 Assaud regime I in Syria may help advance a deal 0:02:11.600 --> 0:02:14.040 to release the hostages held in Gaza. 0:02:14.120 --> 0:02:16.480 And over the weekend, John the US hit dozens of 0:02:16.520 --> 0:02:20.560 Islamic state targets in central Syria. President Biden is counsctioning 0:02:20.600 --> 0:02:23.120 Assad's fall from power could open the door to a 0:02:23.200 --> 0:02:25.320 resurgence of Islamic extremism. 0:02:25.440 --> 0:02:27.760 We're cleared eyed about the fact that isis will try 0:02:27.760 --> 0:02:30.400 to take advantage of any vacuum to re establish his 0:02:30.480 --> 0:02:33.320 capability and to create a safe haven. We will not 0:02:33.560 --> 0:02:34.359 let that happen. 0:02:34.520 --> 0:02:37.040 President Biden spoke from the White House as his administration 0:02:37.200 --> 0:02:40.720 keeps up heavy involvement in Israel's multi front war. 0:02:40.960 --> 0:02:44.120 And before the Assad regime's downfall. President elect Donald Trump 0:02:44.160 --> 0:02:47.560 spoke to NBC's Meet the Press for his first network 0:02:47.600 --> 0:02:51.440 TV interview since the Eluction win Trump telling moderator Kristin 0:02:51.480 --> 0:02:54.440 Welker one of his first day priorities will be issuing 0:02:54.520 --> 0:02:58.520 pardons to the Capitol Hill rioters on January sixth, twenty 0:02:58.600 --> 0:02:59.119 twenty one. 0:03:00.120 --> 0:03:02.560 Everything we're going to look at into the free places. Yeah, okay, 0:03:02.600 --> 0:03:05.280 but I'm going to be acting very quickly. 0:03:05.400 --> 0:03:08.359 The President link also repeating his threat to impose terrace 0:03:08.440 --> 0:03:11.680 on Canada and Mexico. He says he doesn't think it'll 0:03:11.680 --> 0:03:15.400 cost American consumers anything, but he can't guarantee it. 0:03:15.639 --> 0:03:18.920 I can't guarantee anything. I can't guarantee tomorrow, but I 0:03:18.919 --> 0:03:23.600 can say that if you look at my just pre COVID, 0:03:23.680 --> 0:03:25.960 we had the greatest economy in the history of our country. 0:03:26.360 --> 0:03:29.880 President like Trump also promised to end birthright citizenship through 0:03:29.919 --> 0:03:33.519 executive action, even though the Fourteenth Amendment guarantees citizenship to 0:03:33.600 --> 0:03:35.320 people born in US territory. 0:03:35.600 --> 0:03:38.160 If somebody sets a foot, just a foot, one foot, 0:03:38.200 --> 0:03:41.320 you don't need to on our land. Congratulations, you are 0:03:41.360 --> 0:03:44.280 now a citizen of the United States of America. Yes, 0:03:44.560 --> 0:03:46.600 we're going to end that because it's ridiculous. 0:03:46.920 --> 0:03:50.320 President delect was also asked about a key personnel decision. 0:03:50.720 --> 0:03:52.440 Will you try to replace Jerom Pell? 0:03:52.680 --> 0:03:54.320 No, I don't think so. I don't see it, but 0:03:56.360 --> 0:03:58.440 I don't. I think if I told him too, he would. 0:03:59.080 --> 0:04:01.840 Donald Trump also said he has spoken with Chinese President 0:04:01.880 --> 0:04:04.520 Shi Jinping in recent days. It's the first time he's 0:04:04.560 --> 0:04:07.480 mentioned direct contact with the Chinese leader since his election 0:04:07.560 --> 0:04:10.320 went and you could hear NBC's Meet the Press every 0:04:10.360 --> 0:04:12.080 Sunday on Bloomberg Radio. 0:04:11.920 --> 0:04:14.240 And we want to update you on the political crisis 0:04:14.440 --> 0:04:19.080 in Asia. South Korea's Justice ministry as banned President Yunsak 0:04:19.120 --> 0:04:23.160 Yule from traveling overseas. The ban comes as multiple investigations 0:04:23.200 --> 0:04:27.279 are underway following the embattled leader's brief declaration of martial law. 0:04:27.760 --> 0:04:30.839 The Cosmy Benchmark stock index closed down a further two 0:04:30.880 --> 0:04:34.159 point eight percent today, bringing its lines as the martial 0:04:34.200 --> 0:04:36.239 law declaration to more than five percent. 0:04:36.560 --> 0:04:39.520 On the flip side, John Hong Kong's benchmark index jumped 0:04:39.600 --> 0:04:42.719 two point eight percent. Those games came as China's top 0:04:42.760 --> 0:04:45.880 leaders announced they plan to loosen monetary policy and expand 0:04:45.920 --> 0:04:48.720 fiscal spending next year. The move is seen as a 0:04:48.800 --> 0:04:51.719 sign of confidence against President elect Trump's trade threats and 0:04:51.920 --> 0:04:54.080 is expected to boost the Chinese economy. 0:04:54.200 --> 0:04:57.880 I'm talking about spending. Another major story we're following this 0:04:57.920 --> 0:05:01.440 morning comes with the world of sports. Baseball star Won 0:05:01.560 --> 0:05:04.799 Soto has signed the richest contract ever of the sport, 0:05:05.040 --> 0:05:07.440 and let's get the latest from Bloomberg's John Stasher. John, 0:05:07.480 --> 0:05:08.760 Good morning, Good morning, John. 0:05:08.839 --> 0:05:11.920 This is what Mets fans were hoping for when Steve 0:05:12.040 --> 0:05:15.120 Cohen bought the team that no one would outspend him. 0:05:15.160 --> 0:05:17.960 Soto's deal with the Mets is for fifteen years that 0:05:18.000 --> 0:05:20.960 takes him to age forty one. It's worth seven hundred 0:05:20.960 --> 0:05:23.760 and sixty five million dollars. It will make fifty one 0:05:23.760 --> 0:05:25.760 million a year, and if he doesn't opt out in 0:05:25.880 --> 0:05:29.359 five years, that salary grows the fifty five million. Unlike 0:05:29.400 --> 0:05:32.080 shoey Otani's deal last year with the Dodgers, none of 0:05:32.080 --> 0:05:34.760 the salary is deferred. The Yankees, in their attempt to 0:05:34.839 --> 0:05:38.520 keep Soto, apparently finished a close second, their offer reportedly 0:05:38.520 --> 0:05:42.039 worth seven hundred and sixty million. John stashiew Were Bloomberg Sports, 0:05:42.080 --> 0:05:43.520 John and Nathan Okay, John. 0:05:43.279 --> 0:05:43.560 Thank you. 0:05:43.560 --> 0:05:46.239 We're going to get more reaction to the historic Soto 0:05:46.400 --> 0:05:48.240 deal in a few minutes, coming up in sports. But 0:05:48.240 --> 0:05:50.680 turning back to markets now, we're watching shares of inter 0:05:50.839 --> 0:05:55.080 Public Group in early trading. They are surging nearly fourteen percent. 0:05:55.400 --> 0:05:58.599 The Wall Street journals reporting Omnicom Group as an advanced 0:05:58.600 --> 0:06:01.039 talks to buy into Public in a deal that would 0:06:01.080 --> 0:06:06.880 create the world's largest advertising firm. 0:06:07.080 --> 0:06:09.520 I thanks Nathan vemperingsys to five oh Savil on Wall 0:06:09.560 --> 0:06:11.680 Street time for a look at some of the other 0:06:11.720 --> 0:06:14.279 stories making news in New York and around the world. 0:06:14.440 --> 0:06:18.120 Ever that we're joined by Bloomberg's Michael Barr Michael, Good Morning. 0:06:17.880 --> 0:06:20.800 Good morning John. The hunt for the gunman who killed 0:06:21.000 --> 0:06:26.360 United Healthcare CEO Brian Thompson in Manhattan has involved following 0:06:26.440 --> 0:06:30.640 leads in multiple states, According to law enforcement sources, NYPD 0:06:30.839 --> 0:06:34.640 divers have been scouring a pond in Central Park looking 0:06:34.680 --> 0:06:38.119 for evidence. New York Mayor Eric Adams would not say 0:06:38.240 --> 0:06:41.160 much about what divers hope to find. I don't want 0:06:41.160 --> 0:06:44.480 to do anything that's going to a friend join these investigators. 0:06:44.520 --> 0:06:47.800 Some of them have been up throughout the night while 0:06:47.839 --> 0:06:49.159 this investigation has taking place. 0:06:49.760 --> 0:06:51.719 But every piece is important to that puzzle. 0:06:52.160 --> 0:06:55.359 The backpack the shooter is seen wearing in video was 0:06:55.400 --> 0:06:59.520 found in Central Park Friday, and late Saturday, police release 0:06:59.640 --> 0:07:03.040 new photos of the suspect, seen in a taxi after 0:07:03.080 --> 0:07:06.840 the killing. Billionaire hip hop mogul jay Z has been 0:07:06.880 --> 0:07:11.040 added to an existing civil lawsuit against Sean Diddy Combs. 0:07:11.440 --> 0:07:15.440 He's being accused by an unidentified woman of sexually assaulting 0:07:15.480 --> 0:07:18.760 her when she was a thirteen year old girl. The 0:07:18.800 --> 0:07:23.280 incident allegedly happening after the two thousand VMAs. Jay Z 0:07:23.560 --> 0:07:27.160 vehemently denies the claim. A jury in New York will 0:07:27.200 --> 0:07:29.520 deliber eight for a fifth day today. In the trial 0:07:29.600 --> 0:07:33.160 of Daniel Penny, the judge presiding over the case dismissed 0:07:33.160 --> 0:07:36.760 the manslaughter charge after the jury was unable to reach 0:07:36.840 --> 0:07:40.600 a unanimous decision. Penny could face up to four years 0:07:40.600 --> 0:07:44.400 in prison if convicted on the charge of criminally negligent 0:07:44.440 --> 0:07:48.000 homicide he put Neely in a chokeold on the subway 0:07:48.040 --> 0:07:50.960 in New York City last year. It is possible that 0:07:51.000 --> 0:07:54.520 the jury could find him guilty of criminal negligence, which 0:07:54.560 --> 0:07:59.160 is a lower standard of culpability than manslaughter. President Joe 0:07:59.160 --> 0:08:03.000 Biden hosted this year's Kennedy's Center honorees at the White 0:08:03.000 --> 0:08:07.440 House before attending the forty seventh Kennedy Center Honors late 0:08:07.600 --> 0:08:11.080 last night. This year's honna rees are The Grateful Dead, 0:08:11.240 --> 0:08:17.080 Bonnie Raitt, Arturo Sandoval, The Apollo Theater, and filmmaker Francis 0:08:17.120 --> 0:08:18.640 Ford Coppola France. 0:08:18.720 --> 0:08:25.240 And I'm looking for work in February, so maybe you've 0:08:25.280 --> 0:08:29.160 got something for me? An a Biden de Nero combination here. 0:08:30.400 --> 0:08:32.680 I can't sing, I can't act, I can't dance to 0:08:32.720 --> 0:08:34.160 a damn thing, but I can help you. 0:08:34.640 --> 0:08:38.120 Also at the Kennedy Center honors first Lady Doctor Jill Biden, 0:08:38.559 --> 0:08:42.040 Vice President Kamala Harris, and second Gentleman Doug M. Hoff. 0:08:42.440 --> 0:08:45.440 Global News twenty four hours a day and whenever you 0:08:45.480 --> 0:08:48.160 want it with Bloomberg News. Now, I'm Michael Barr, and 0:08:48.200 --> 0:08:49.800 this is Bloomberg, John. 0:08:49.720 --> 0:08:56.480 Michael, thank you, and Tondell that it brings us to 0:08:56.520 --> 0:08:59.320 five to ten. John stansher back now for the rest 0:08:59.320 --> 0:09:01.280 of the sports is being drunk you by your Trient 0:09:01.320 --> 0:09:02.360 State OUTI Dealers. 0:09:02.440 --> 0:09:05.440 John, good morning, Good morning, John wansto only twenty six 0:09:05.559 --> 0:09:08.160 years old, He's already accomplished so much both individually and 0:09:08.160 --> 0:09:10.640 he led Washington to a world championship for the Yankees 0:09:10.640 --> 0:09:12.880 to a pendant, and that's what made him so appealing 0:09:13.280 --> 0:09:16.120 as a free agent. Several teams expressed interest, but in 0:09:16.160 --> 0:09:18.840 the end, it as expected, perimed came down to the 0:09:18.880 --> 0:09:21.120 Mets and Yankees, with the Mets offer of a total 0:09:21.160 --> 0:09:24.240 package worth seven hundred and sixty five million dollars, just 0:09:24.360 --> 0:09:26.600 five million more than the Yankee offer. What may have 0:09:26.679 --> 0:09:28.839 clinched the deal for the Mets is that if Soto 0:09:29.000 --> 0:09:32.200 doesn't opt out after five years, as salary grows, the 0:09:32.240 --> 0:09:35.439 deal could exceed eight hundred million. Just how bad is 0:09:35.440 --> 0:09:37.440 his NFL season in New York been Over the past 0:09:37.480 --> 0:09:39.840 two months, the combined record of the Jets and Giants 0:09:40.240 --> 0:09:43.440 one and sixteen. Both teams had chances to win in 0:09:43.480 --> 0:09:46.199 Week fourteen, especially the Jets. In Miami, the only trailed 0:09:46.240 --> 0:09:47.960 second half for three and a half minutes. They retook 0:09:48.000 --> 0:09:50.319 the lead on a field goal, but allowed the Dolphins 0:09:50.320 --> 0:09:52.880 to return the ensuing kicked off forty five yards. They 0:09:52.880 --> 0:09:54.600 were able to tie the game, and then they won 0:09:54.640 --> 0:09:57.480 the coin flip and in overtime march down the field. 0:09:57.480 --> 0:10:00.320 Miami beat the Jets thirty two to twenty six of 0:10:00.360 --> 0:10:02.000 the touchdown passed to a tone by all out of 0:10:02.040 --> 0:10:04.760 Johnny Smith. Jets fourth straight loss they've dropped seven the 0:10:04.880 --> 0:10:07.360 last eighth. The Giants had lost all of their last eight. 0:10:07.720 --> 0:10:10.319 Hosting New Orleans, they had virtually no offense in the 0:10:10.360 --> 0:10:13.000 first half, did come alive late, had a thirteen to 0:10:13.000 --> 0:10:15.280 play eighty two yard touchdown drive. They were in position 0:10:15.360 --> 0:10:17.120 to send the game to overtime. You needed only a 0:10:17.440 --> 0:10:20.440 Graham you know, chip shot field goal, it was blocked 0:10:20.880 --> 0:10:24.080 and the Saints won fourteen to eleven. The Giants coach 0:10:24.200 --> 0:10:25.880 Brian da Ball thought. 0:10:25.679 --> 0:10:28.440 They battled their tails off. I was probably the way 0:10:28.480 --> 0:10:31.160 they competed and we came up short. 0:10:31.200 --> 0:10:33.160 And it's tough, you know, you put everything into it. 0:10:33.240 --> 0:10:36.800 And it was again at the end and fund there's 0:10:36.800 --> 0:10:38.880 plenty of plays that could have made a difference. 0:10:40.920 --> 0:10:41.560 It came up short. 0:10:42.080 --> 0:10:44.559 Giants still winless at home. One board defeat ties the 0:10:44.600 --> 0:10:46.679 club record for the longest losing the game. Last night, 0:10:46.760 --> 0:10:49.720 Kansas City went to twelve and one narrow win over 0:10:49.760 --> 0:10:53.280 the Chargers nineteen seventeen. John Stashan were Bloomberg Sports JOHNA. 0:10:53.320 --> 0:10:59.720 Nathan Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:00.000 --> 0:11:02.800 and around the world on Bloomberg dot Com and the 0:11:02.880 --> 0:11:06.160 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:06.280 --> 0:11:07.520 Good morning, I'm Nathan Hager. 0:11:07.600 --> 0:11:10.079 The world is bracing for more potential chaos in the 0:11:10.080 --> 0:11:13.439 Middle East after the rapid advance on Damascus that led 0:11:13.480 --> 0:11:17.440 to the downfall of Syrian President Boscher al Asad's government 0:11:18.040 --> 0:11:21.840 the first time, and Asad member has not been leading 0:11:22.040 --> 0:11:25.400 the Syrian regime in more than half a century joining 0:11:25.480 --> 0:11:28.200 us now. Bloomberg News Director for Europe, the Middle East 0:11:28.240 --> 0:11:33.360 and Africa, Rosalind Matheson Roz, Good morning. These developments over 0:11:33.600 --> 0:11:36.040 just the last weekend have been headspinning. How did this 0:11:36.160 --> 0:11:38.480 rebel advance happen so quickly? What do we know about 0:11:38.520 --> 0:11:41.440 this group that seems to have overrun the Syrian military? 0:11:41.520 --> 0:11:43.320 Good Morning, Well, I just say it. 0:11:43.320 --> 0:11:46.200 Was pretty startling how quickly it happened. In the end, 0:11:46.320 --> 0:11:49.160 we saw them start with Aleppo and then move through 0:11:49.160 --> 0:11:53.000 a series of cities, but advancing on Damascus with great speed. 0:11:53.120 --> 0:11:55.880 It seems as though the Syrian army didn't really put 0:11:56.000 --> 0:12:00.199 up any resistance, abandoned some of their posts. Cindy, a 0:12:00.240 --> 0:12:03.760 control Assad had over his military seems to have faded 0:12:04.400 --> 0:12:07.160 very quickly, and that just shows again you know, internally 0:12:07.360 --> 0:12:11.520 Siria for years has been a crumbling state, even with 0:12:11.880 --> 0:12:15.800 his very strong and ugly quite repressive rule. So in 0:12:15.880 --> 0:12:18.560 the minute, the military didn't support him, and so they 0:12:18.640 --> 0:12:21.240 faded away, and the rebels moved very quickly, and as 0:12:21.280 --> 0:12:24.760 we saw, with speed that shocked not just the rest 0:12:24.800 --> 0:12:27.360 of the world, but also seems to have shocked Aside himself. 0:12:28.400 --> 0:12:31.400 So what happens next Rose with a side apparently now 0:12:32.280 --> 0:12:36.679 seeking asylum in Moscow. What is the risk of a 0:12:36.840 --> 0:12:40.040 power vacuum one another power vacuum once again in the 0:12:40.040 --> 0:12:40.600 Middle East. 0:12:41.600 --> 0:12:43.520 Well, that is the real question because if you look 0:12:43.559 --> 0:12:47.080 at other examples around the world, mean Gaddafi, of course, 0:12:47.440 --> 0:12:50.439 Saddam Hussein in Iraq. Other times, when you have a 0:12:50.760 --> 0:12:55.000 very very strong man leader who has taken out, what 0:12:55.200 --> 0:12:58.520 comes in their place because they really kind of kept 0:12:58.559 --> 0:13:01.840 the country stitched together. So the question is what comes 0:13:01.920 --> 0:13:04.160 up now. Of course, we do have the rebel group 0:13:04.240 --> 0:13:07.280 known as HTS which led the charge here, their leader 0:13:07.400 --> 0:13:10.480 Mohammad al Jilani. Does he try and form a government, 0:13:10.520 --> 0:13:12.800 does he try and bring these other rebel groups in 0:13:12.880 --> 0:13:15.800 the country together. Of course that's a splinter group from 0:13:15.880 --> 0:13:18.160 al Qaeda, But there are a lot of other players 0:13:18.679 --> 0:13:21.079 in the country. And how do you go from military 0:13:21.120 --> 0:13:24.920 operations to being political players. They don't really have experience 0:13:25.000 --> 0:13:27.160 in politics. How do you form a government, how do 0:13:27.240 --> 0:13:30.720 you run government ministries? How workable is at So there's 0:13:30.760 --> 0:13:32.920 a lot of questions around that. There's a lot we 0:13:33.000 --> 0:13:35.920 don't know about how or when a government or new 0:13:35.920 --> 0:13:39.520 administration might come. We also don't know what opportunities this 0:13:39.640 --> 0:13:42.280 might give others in that vacuum. I mean, you saw 0:13:42.320 --> 0:13:45.640 the US President Joe Biden yesterday and others talking warning 0:13:45.679 --> 0:13:49.319 about Islamic State, which is still operating in Syria. That's 0:13:49.320 --> 0:13:53.320 why US troops are there to try and contain ISIS. 0:13:53.440 --> 0:13:56.080 So does this give them an opportunity to try and regroup. 0:13:56.559 --> 0:14:00.280 Now we've seen reports as well that Israeli ground truew 0:14:00.280 --> 0:14:03.040 on a Syrian buffer zone, that there have been strikes 0:14:03.080 --> 0:14:07.199 on suspected chemical weapons plants in Syria as well. What 0:14:07.280 --> 0:14:10.800 does this say about the power dynamic in the Middle 0:14:10.840 --> 0:14:13.960 East right now when Israel is fighting a multi front 0:14:14.080 --> 0:14:18.679 war and Iran, which had also been backing Syria, appears 0:14:18.720 --> 0:14:20.840 to be something on a bit of a backfoot potentially. 0:14:21.960 --> 0:14:23.920 Well, the chess board on this is very interesting. As 0:14:23.960 --> 0:14:26.920 you say, the two QI allies, Russia and Iran didn't 0:14:26.960 --> 0:14:30.720 really come in militarily to save Asad, and that's because 0:14:30.760 --> 0:14:34.720 they're dealing with their own conflicts, Russia with Ukraine around 0:14:34.760 --> 0:14:36.600 with its proxies that you were saying in the region 0:14:36.640 --> 0:14:40.280 in Lebanon and Gaza, and not inclined to step in. 0:14:40.600 --> 0:14:43.560 So where does that leave them in this where does 0:14:43.600 --> 0:14:45.600 it leave. Turkey, of course, which has got a strong 0:14:45.680 --> 0:14:48.760 interest in what happens in Syrian arguably is in a 0:14:48.800 --> 0:14:52.400 position now to influence events on the ground. And for Israel, 0:14:52.480 --> 0:14:55.680 of course, because they've got that border area, and as 0:14:55.720 --> 0:14:58.760 Benjamin Etnia he was saying yesterday, very much a defensive 0:14:58.880 --> 0:15:01.520 move for now well in that buffer zone, which has 0:15:01.600 --> 0:15:05.720 operated for nearly fifty years, the Syrian Army abandoned their 0:15:05.800 --> 0:15:10.080 posts and that's obviously your concern for Israel in maintaining 0:15:10.600 --> 0:15:12.560 its border area, so they zipped in there to the 0:15:12.600 --> 0:15:15.800 buffer zone in what he was saying is a defensive move, 0:15:15.840 --> 0:15:19.000 and perhaps a bit further into Syrian territory. They're also 0:15:19.040 --> 0:15:21.960 worried about who's going to control weapons in Syria in 0:15:22.080 --> 0:15:23.640 all of this, the question of whether there are a 0:15:23.720 --> 0:15:29.120 chemical weapons facilities still in Syria, so obviously concerned about that, 0:15:29.280 --> 0:15:31.280 which is why we've seen the strikes at Israel has 0:15:31.320 --> 0:15:34.200 announced today and that we'll be expected to continue. But 0:15:34.280 --> 0:15:37.440 that's largely appearing to be a defensive move by Israel. 0:15:37.840 --> 0:15:41.120 This is Bloomberg Daybreak, your morning podcast on the stories 0:15:41.160 --> 0:15:43.960 making news from Wall Street to Washington and beyond. 0:15:44.320 --> 0:15:46.680 Look for us on your podcast feed by six am 0:15:46.760 --> 0:15:50.120 Eastern each morning on Apple, Spotify, or anywhere else you listen. 0:15:50.240 --> 0:15:52.680 You can also listen live each morning starting at five 0:15:52.760 --> 0:15:55.120 am Wall Street Time. I'm Bloomberg eleven three to zero 0:15:55.160 --> 0:15:57.600 in New York, Bloomberg ninety nine to one in Washington, 0:15:57.880 --> 0:16:01.040 Bloomberg ninety two to nine in Boston. In Nationwide a 0:16:01.200 --> 0:16:03.440 serious exam Channel one twenty one. 0:16:03.720 --> 0:16:06.400 Plus listen coast to coast on the Bloomberg Business app 0:16:06.480 --> 0:16:09.240 now with Apple CarPlay and Android auto interfaces. 0:16:09.480 --> 0:16:12.120 And don't forget to subscribe to Bloomberg News Now. It's 0:16:12.200 --> 0:16:14.960 the latest news whenever you want it in five minutes 0:16:15.040 --> 0:16:19.320 or less. Search Bloomberg News Now. Your favorite podcast platform 0:16:19.600 --> 0:16:22.760 is Stay informed all day long. I'm John Tucker and 0:16:22.880 --> 0:16:23.680 I'm Nathan Hager. 0:16:23.840 --> 0:16:25.880 Join us again tomorrow morning for all the news you 0:16:25.960 --> 0:16:28.480 need to start your day right here on Bloomberg Day 0:16:28.520 --> 0:16:28.720 Brain

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