Israel Weighs Response to Iran; OpenAI's Historic Funding Round

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.920 --> 0:00:11.560 Good morning, I'm John Tucker and. 0:00:11.440 --> 0:00:14.520 I'm Karen Moscow. Here are the stories we're following today. 0:00:14.760 --> 0:00:17.599 Karen, we begin with the latest developments in the Middle East. 0:00:17.960 --> 0:00:21.239 President Biden looks to deter Israel from any attack that 0:00:21.280 --> 0:00:25.079 includes Iran's nuclear sites as the country seeks for retaliation 0:00:25.239 --> 0:00:28.560 for Iran's recent missile barrage. Let's get the very latest 0:00:28.560 --> 0:00:29.960 from Bloomberg's Ed Baxter. 0:00:30.240 --> 0:00:33.880 Prime Minister Benjamin Nett Yahoo has vowed a powerful retribution 0:00:34.000 --> 0:00:37.320 attack and is getting pressure from some Israeli politicians to 0:00:37.400 --> 0:00:41.120 really ramp it up. President Biden asked whether he would 0:00:41.159 --> 0:00:41.760 support that. 0:00:42.040 --> 0:00:46.080 Yeah, no, and I think there's things that we'll be 0:00:46.120 --> 0:00:47.519 discussed with the Israelis what. 0:00:47.479 --> 0:00:50.319 They're going to do. But at all seven of us 0:00:50.440 --> 0:00:53.600 three that David Writer's spot. He says, all members of 0:00:53.640 --> 0:00:55.880 the G seven would prefer that had come in the 0:00:55.920 --> 0:00:59.480 form of sanctions first. The comments are meant to reign 0:00:59.560 --> 0:01:03.480 in is something that has not been successful in the past. 0:01:04.200 --> 0:01:06.000 Ed Baxter, Bloomberg Radio. 0:01:05.880 --> 0:01:09.080 All right, and thanks well. As Israel's government considers when 0:01:09.160 --> 0:01:12.600 and how it might strike Iran, Bloombergy's Dana krez says, 0:01:12.640 --> 0:01:16.559 it's unclear what type of response is. Rarely officials are discussing. 0:01:17.040 --> 0:01:20.080 But what we know is that there are several targets 0:01:20.080 --> 0:01:23.080 that they can go after. Right you have the oil installations, 0:01:23.120 --> 0:01:27.240 you have Iranian leaders in some covert operation they did. 0:01:27.400 --> 0:01:30.200 Israeli did prove they can reach the Haran when they 0:01:30.280 --> 0:01:33.720 killed smile Heni right there. But what is clear is 0:01:33.760 --> 0:01:37.640 that Israel has committed itself to this retaliation and now 0:01:37.720 --> 0:01:40.480 we're yet again in the region on edge as we 0:01:40.520 --> 0:01:41.039 wait for that. 0:01:41.120 --> 0:01:44.440 Of course, bloombergy Stana Kreze says, overnight Israel bombed to 0:01:44.480 --> 0:01:47.319 Lebanon's capital of Beirut. It comes after eight of its 0:01:47.360 --> 0:01:50.240 soldiers who are killed fighting in southern Lebanon where it's 0:01:50.280 --> 0:01:53.120 engaged with a conflict with the Iran backed militant group 0:01:53.200 --> 0:01:54.640 has below and all. 0:01:54.560 --> 0:01:57.160 The wildcare on the possibility of a wider Middle East 0:01:57.200 --> 0:02:02.040 conflict extending oil's rally. Option show investors betting prices will 0:02:02.160 --> 0:02:05.480 rise further as we check CRUD. Right now, broncrwe the 0:02:05.520 --> 0:02:09.680 international benchmark of about eight tenths ofver percent at seventy 0:02:09.720 --> 0:02:11.280 four fifty one at barrel. 0:02:11.840 --> 0:02:15.000 Well Don President Biden's also managing crises back at home. 0:02:15.160 --> 0:02:18.440 The President's ratcheting up pressure on US board employers and 0:02:18.520 --> 0:02:23.000 shipping lines to restart talks with striking dock workers. Biden's 0:02:23.000 --> 0:02:26.760 warning of dire consequences of a prolonged work stoppage. 0:02:27.000 --> 0:02:29.480 This doctor was asking incredibly consequential. 0:02:30.160 --> 0:02:32.360 The last thing we read on top of that is 0:02:32.360 --> 0:02:33.320 a man made disaster. 0:02:33.400 --> 0:02:34.680 And what's going on with the ports. 0:02:35.240 --> 0:02:38.760 We're getting pushed back already. We're hearing from the folks 0:02:38.800 --> 0:02:39.840 recently like. 0:02:40.000 --> 0:02:42.760 Having trouble getting product they need because of the court striking. 0:02:43.080 --> 0:02:47.120 President Biden's back the position of the International Longshoreman Association, 0:02:47.440 --> 0:02:51.000 saying cargo handlers deserve a larger share of profits. Both 0:02:51.080 --> 0:02:54.320 twenty twenty four presidential candidates Donald Trump and Vice President 0:02:54.400 --> 0:02:57.519 Kamala Harris also blamed shipping companies. 0:02:57.280 --> 0:02:59.880 And President Biden's also managing the federal response to dan 0:03:00.200 --> 0:03:04.200 inflicted by Hurricane Helene. Biden and Harris separately toured the 0:03:04.200 --> 0:03:07.320 southeast region of the US. The President traveling to the 0:03:07.360 --> 0:03:11.360 Carolinas and will visit Florida and Georgia today. Vice President 0:03:11.400 --> 0:03:15.320 Harris will visit North Carolina. Donald Trump visited Georgia and 0:03:15.440 --> 0:03:19.560 criticized Harris and Biden's response, but Republican governors whose states 0:03:19.600 --> 0:03:23.440 were affected have actually praised the administration's response so far. 0:03:24.360 --> 0:03:27.800 Meanwhile, John in the nation's capital, the Justice Departments filed 0:03:27.840 --> 0:03:32.239 a comprehensive narrative arguing that Donald Trump should face prosecution 0:03:32.440 --> 0:03:35.720 for his efforts to overturn the twenty twenty election, regardless 0:03:35.760 --> 0:03:39.200 of the Supreme Court's ruling on presidential immunity and Bloomberg's 0:03:39.200 --> 0:03:41.000 Amy Morris has more from Washington. 0:03:41.480 --> 0:03:43.920 It is a one hundred and sixty five page document. 0:03:44.000 --> 0:03:47.480 It has some redactions in it. Prosecutors argue that Trump 0:03:47.560 --> 0:03:51.160 should not be protected by presidential immunity because he engaged 0:03:51.200 --> 0:03:54.080 in quote, criminal conduct as a private citizen when he 0:03:54.120 --> 0:03:57.840 and co conspirators pursued multiple criminal means to disrupt the 0:03:57.880 --> 0:04:02.040 twenty twenty presidential election. Prosecutors say they would call swing 0:04:02.080 --> 0:04:05.840 state election officials to testify about the falsity of Trump's 0:04:05.840 --> 0:04:08.800 fraud claims, and they would introduce the contents of Trump's 0:04:08.840 --> 0:04:12.400 iPhone and tweets that the government contends were unofficial from 0:04:12.440 --> 0:04:16.280 Trump's account. Trump's lawyers have until October seventeenth to respond. 0:04:16.680 --> 0:04:19.600 In Washington, Amy Morris Bloomberg Radio, all right now. 0:04:19.600 --> 0:04:22.200 Thanks Amy. Turning to Tech Now and historic round of 0:04:22.240 --> 0:04:26.400 funding for open Ai, Bloomberg Santa Bell Droolers says the 0:04:26.520 --> 0:04:31.040 artificial intelligence giant raised six point six billion dollars in 0:04:31.080 --> 0:04:34.400 its latest funding ground, making it one of the largest 0:04:34.480 --> 0:04:36.400 venture backed startups in the world. 0:04:36.920 --> 0:04:40.800 You're talking and putting it alongside SpaceX, for instance, TikTok 0:04:40.920 --> 0:04:44.120 owner bidents, but the tech industry really believes in the 0:04:44.160 --> 0:04:46.919 power of AI. So it was led by the latest 0:04:47.000 --> 0:04:49.520 round by Thrive Capital. They tipped in around one point 0:04:49.600 --> 0:04:53.240 three billion dollars. Microsoftware hearing, which is the biggest back 0:04:53.240 --> 0:04:55.680 of to date about seven hundred and fifty million dollars. 0:04:55.880 --> 0:04:58.919 Bloomberg Santa Bell Droolers says the funding ground values the 0:04:58.960 --> 0:05:02.200 company at one one hundred and fifty seven billion dollars. 0:05:02.600 --> 0:05:05.840 Open Ai says it will use the cash to drive 0:05:05.920 --> 0:05:09.760 forward AI research and increase computing capacity. 0:05:10.400 --> 0:05:13.200 Well John returns of Markets Now and Global Equities are 0:05:13.200 --> 0:05:15.520 on course for their first weekly loss over the past 0:05:15.560 --> 0:05:18.960 four weeks, and mad geopolitical uncertainty and unclear signals from 0:05:18.960 --> 0:05:22.599 Fed officials about interest rate cuts. Traders are digesting recent 0:05:22.680 --> 0:05:26.360 comments from Richmond FED President Thomas Barkin, who noted progress 0:05:26.400 --> 0:05:29.760 on inflation but says the FED can't declare victory just yet. 0:05:29.960 --> 0:05:33.560 It comes as investors anticipate a critical data point tomorrow, 0:05:33.600 --> 0:05:36.440 the September JOMPS report, which could give clarity as to 0:05:36.440 --> 0:05:39.279 whether the labor market is weakening and the FED needs 0:05:39.320 --> 0:05:40.000 to ease further. 0:05:40.920 --> 0:05:44.239 Still, a lot of traders remain bullishcaring Golden Sachs Managing 0:05:44.240 --> 0:05:47.080 director Scott Rubner wrote in a note to clients that 0:05:47.120 --> 0:05:50.000 he believes the US equity rally will take off at 0:05:50.040 --> 0:05:53.160 the end of October at Worries's high end. To NS 0:05:53.200 --> 0:05:55.919 and P target of six thousand year end might be 0:05:55.960 --> 0:05:58.960 too low, and I fill Palumbo with Columbo Wealth Management 0:05:58.960 --> 0:06:02.680 tells Bloomberg there's two reasons why stocks could rally through 0:06:02.760 --> 0:06:03.200 this year. 0:06:03.880 --> 0:06:07.000 Number one, the FED is now accommodative. A lot of 0:06:07.000 --> 0:06:09.400 people trying to get twenty five based points, fifty base 0:06:09.520 --> 0:06:11.479 points this year, one hundred and two hundred next year. 0:06:11.720 --> 0:06:13.320 That's really a waste of time. The only thing that 0:06:13.360 --> 0:06:15.680 we really need to understand is the Fed is being 0:06:15.720 --> 0:06:18.760 accommodative and in earnings are anticipated to grow about nine 0:06:18.800 --> 0:06:21.520 percent this year next year twelve to thirteen. Those are 0:06:21.560 --> 0:06:23.919 reasons why you want to be positive on the equity market. 0:06:24.000 --> 0:06:25.680 You just have to watch the consumer. 0:06:26.080 --> 0:06:28.799 Columba with Columbo Wealth Management also expects to the market 0:06:28.800 --> 0:06:32.800 abroad now, with stocks outside the Magnificent seven growing over 0:06:32.880 --> 0:06:35.080 the next couple of years well. 0:06:35.120 --> 0:06:38.120 Interest rates are also in focus in Europe. John, following 0:06:38.160 --> 0:06:41.440 comments from Bank of England Governor Andrew Bailey and Bloomberg's 0:06:41.480 --> 0:06:44.080 Yuan Potts, joins us from London with the latest good 0:06:44.120 --> 0:06:44.520 morning you. 0:06:44.600 --> 0:06:47.760 In Carol and John traders this morning, adding to bets 0:06:47.760 --> 0:06:50.560 on more rate cuts from the Bank of England. Speaking 0:06:50.560 --> 0:06:53.080 to The Guardian newspaper, Governor Andrew Batty said he was 0:06:53.200 --> 0:06:56.839 encouraged by price pressures not being as persistent as fit. 0:06:57.360 --> 0:06:59.760 Batty said the UK Central Bank could become quote a 0:07:00.040 --> 0:07:02.960 it's a bit more aggressive and a bit more activist 0:07:03.520 --> 0:07:06.560 in its approach to cussing interest rates, the pound sliding 0:07:06.600 --> 0:07:10.120 on the comments in London, I'm Unepotspinberg Radio, all. 0:07:10.080 --> 0:07:13.480 Right, thanks Ewan, And finally a note from the sports world. 0:07:13.560 --> 0:07:17.280 Miami Dolphins owner Stephen ross In advanced talks with private 0:07:17.320 --> 0:07:21.360 equity firm Ars Management and billionaire Joe Si to sell 0:07:21.440 --> 0:07:24.640 steaks in the NFL team and other assets. People familiar 0:07:24.640 --> 0:07:27.280 with the matter telling Bloomberg it could be valued at 0:07:27.320 --> 0:07:31.360 eight point one billion dollars. Sources add that day, as 0:07:31.400 --> 0:07:34.360 part of the agreement, ours will purchase a ten percent 0:07:34.560 --> 0:07:38.680 stake in the properties, including hard Rock Stadium and f 0:07:38.720 --> 0:07:40.560 Ones Miami Grand Prix. 0:07:44.280 --> 0:07:45.600 But it is time now for a look at some 0:07:45.600 --> 0:07:47.520 of the other stories making news in New York and 0:07:47.560 --> 0:07:49.640 around the world, and for that we're joined by Bloomberg's 0:07:49.680 --> 0:07:51.400 Michael Barr Michael, good Morning. 0:07:51.240 --> 0:07:54.280 Good Morning. Care and security is tied around temples across 0:07:54.320 --> 0:07:59.200 the country as Jewish community is gathered for Rashashana in Pittsburgh. 0:07:59.240 --> 0:08:03.240 Director of Munity Security for the Jewish Federation Sean Brocos 0:08:03.600 --> 0:08:07.760 says they're always on heightened alert during the holidays, but 0:08:07.840 --> 0:08:11.080 this year is different. Coming off the October seventh terror 0:08:11.160 --> 0:08:14.520 attacks and the daily exchange of missiles in the Middle East. 0:08:14.640 --> 0:08:17.440 We are in a heightened threat environment. We've seen that 0:08:17.520 --> 0:08:21.120 here in the city, and we have had a lot 0:08:21.520 --> 0:08:25.840 more extensive planning and preparation with our law enforcement partners 0:08:25.840 --> 0:08:28.040 and community leaders. 0:08:27.800 --> 0:08:30.600 In New York City. The NYPD is beefing up patrols 0:08:30.600 --> 0:08:34.520 around synagogues as well. A man slaughter trial begins today 0:08:34.559 --> 0:08:37.680 for Daniel Penny, the white marine veteran who choked Jordan 0:08:37.800 --> 0:08:40.839 Neely to death on a New York City subway. Car 0:08:41.400 --> 0:08:44.640 Neely's family says the black thirty year old was homeless 0:08:44.880 --> 0:08:49.000 and facing mental health struggles. Penny's team says Neely was 0:08:49.080 --> 0:08:53.440 aggressively threatening and that Penny was simply acting to protect himself. 0:08:54.320 --> 0:08:57.480 Last year's deadly wildfire on Maui was caused by a 0:08:57.600 --> 0:09:02.400 down utility poll that fire fighters thought they had extinguished. 0:09:02.920 --> 0:09:06.080 That's the determination of a report released by the Maui 0:09:06.120 --> 0:09:10.320 Fire Department and the US Bureau of Alcohol, Tobacco, Firearms 0:09:10.360 --> 0:09:14.800 and Explosives ATF. Special Agent in charge Jonathan Blaze says 0:09:14.840 --> 0:09:19.079 his agency is classifying the fire as accidental because. 0:09:18.840 --> 0:09:21.480 Of an undetected smoldering event or rekindling. 0:09:22.080 --> 0:09:25.679 The fire reignited in the afternoon, causing extreme devastation. 0:09:26.440 --> 0:09:29.720 The wind whipped fire decimated the historic town of Lehina 0:09:29.760 --> 0:09:32.439 in August of twenty twenty three and killed more than 0:09:32.480 --> 0:09:35.679 one hundred people. A black Texas high school student who 0:09:35.800 --> 0:09:38.839 was suspended over his hairstyle is back in federal court 0:09:39.200 --> 0:09:42.520 hoping he can return to his school. Eighteen year old 0:09:42.559 --> 0:09:45.440 Darryll George hopes a federal judge will allow him to 0:09:45.520 --> 0:09:49.600 return to classes at Barber's Hill High School east of Houston. 0:09:49.960 --> 0:09:53.440 He faced suspension last year and this year due to 0:09:53.520 --> 0:09:56.800 the length of his dreadlocks, a violation of the dress code. 0:09:57.120 --> 0:10:01.160 George's lawyer Ali Booker challenged the school ul's policy regarding 0:10:01.160 --> 0:10:01.640 hair length. 0:10:02.040 --> 0:10:04.400 You're gonna have to show us study set show. 0:10:04.360 --> 0:10:08.320 That men whose hair grows below their eyebrows do not 0:10:08.480 --> 0:10:11.680 learn at the same rate as females who have hair 0:10:11.760 --> 0:10:13.120 that's below the eyebrows. 0:10:13.360 --> 0:10:16.640 Lawyer Ali Booker says the controversy took an emotional toll 0:10:16.679 --> 0:10:19.440 on George. Global News twenty four hours a day and 0:10:19.520 --> 0:10:21.600 whenever you want it with the Bloomberg News. Now, I'm 0:10:21.600 --> 0:10:23.880 Michael Barn. This is Bloomberg Karen. 0:10:24.080 --> 0:10:30.719 All right, Michael Barr, thank you time now for the 0:10:30.720 --> 0:10:34.080 Bloomberg Sports Report. It's brought to you by Tri State 0:10:34.200 --> 0:10:36.760 OUTI and here's John Stashauer junkin Morning. 0:10:36.880 --> 0:10:40.240 Good morning, Karen. Four Game two's in the wildcard round. 0:10:40.240 --> 0:10:41.920 In three of the four, the team that won the 0:10:41.960 --> 0:10:45.199 opening game finished the series, but not The Mets in Milwaukee, 0:10:45.480 --> 0:10:47.360 they led three to one, three two. In the eighth inning, 0:10:47.400 --> 0:10:49.480 they brought in philm may Ton. He was working for 0:10:49.520 --> 0:10:51.400 the fourth time in five days. He gave up a 0:10:51.440 --> 0:10:55.240 game time omrun to Jack Centurio, who had also homed earlier, 0:10:55.280 --> 0:10:58.880 and two outs later Garrett Mitchell a pinchhit two run shot, 0:10:58.920 --> 0:11:01.840 also off may Tom Mill Hockey won five to three. 0:11:01.920 --> 0:11:03.720 Here was Mayton after the loss. 0:11:03.800 --> 0:11:06.640 It's extremely frustrated rather giving that up in the regular 0:11:06.640 --> 0:11:09.920 season game. But again, just went over looking over the iPad, 0:11:09.960 --> 0:11:12.719 looking at the pitches. Overall, pretty happy with my pitch 0:11:12.760 --> 0:11:15.400 selection execution. They'll bit too much play with some of them, 0:11:15.400 --> 0:11:17.640 but I think it's just one of those situations where 0:11:17.840 --> 0:11:19.920 they just beat me today and it's a little easier 0:11:19.960 --> 0:11:21.400 to rest on that. Ultimately, we have to take care 0:11:21.400 --> 0:11:22.240 of business tomorrow and. 0:11:22.400 --> 0:11:25.720 Responsible Jose Kittanos fits very well of late. We'll start 0:11:25.760 --> 0:11:28.520 for the Mets tonight, win their advances to play Philadelphia. 0:11:28.520 --> 0:11:29.880 Padres beat the Braves five to four. 0:11:29.920 --> 0:11:32.520 Scored all five in the second inning, Manny Machano to 0:11:32.679 --> 0:11:35.040 run double, then a two run triple by Jackson Merrill, 0:11:35.080 --> 0:11:39.120 so it'll be an all so cal NLDS Padres and Dodgers. 0:11:39.160 --> 0:11:41.920 The Royals, who took Game one one to nothing one 0:11:41.960 --> 0:11:44.719 Game two, two to one in Baltimore, second straight. The 0:11:44.800 --> 0:11:46.920 year the Ools got swept in the Wildcard round. The 0:11:46.960 --> 0:11:49.640 Tigers got to pinch it three run double from Andy 0:11:49.720 --> 0:11:51.640 Evanya Is eighth inning for a five to two when 0:11:51.679 --> 0:11:54.439 at Houston. That ends the Astros streak of seven straight 0:11:54.520 --> 0:11:58.359 years going to the ALCSO in the Alds Royals. 0:11:58.000 --> 0:12:00.559 Against the Yankees. Game one Saturn and the Bronx. 0:12:00.600 --> 0:12:03.720 The Tigers now play Cleveland NFL WE five against tonight, 0:12:03.840 --> 0:12:06.680 NFC South Bucks and Falcons in Atlanta. The Jets play 0:12:06.720 --> 0:12:09.640 the four and oh Vikings Sunday in London. The Giants 0:12:09.679 --> 0:12:12.640 go in the other direction. They'll be in Seattle, Maleek neighbors. 0:12:12.920 --> 0:12:16.360 The Giants rookie Wine Out Sensation did not practice yesterday. 0:12:16.360 --> 0:12:20.559 He's in concussion protocol. That Blockbuster next trade now official. 0:12:20.679 --> 0:12:24.360 Julius Randall and Dante DiVincenzo to Minnesota. 0:12:23.800 --> 0:12:27.880 Or Carl Anthony Towns. John Stashey were Bloomberg Sports karenon John. 0:12:29.720 --> 0:12:33.880 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:33.960 --> 0:12:36.880 and around the world on Bloomberg dot Com and the 0:12:36.920 --> 0:12:43.440 Bloomberg Business app. This is Bloomberg DAYBREAKY. 0:12:41.720 --> 0:12:44.720 Good morning, five fourteen on Wall Street. I'm John Tucker. 0:12:45.160 --> 0:12:48.640 Israel's warplans von Bey route over night after eight of 0:12:48.640 --> 0:12:52.520 its soldiers were killed in southern Lebanon Becausraeli government meantime 0:12:52.640 --> 0:12:56.640 yet to retaliate for RAN's barrage of missiles Tuesday evening. 0:12:56.920 --> 0:12:59.000 Let's find out more this morning, and I'm happy to 0:12:59.040 --> 0:13:02.160 say we're joined by bloom News Middle East correspondent Jumani 0:13:02.200 --> 0:13:05.560 percentI in Dubai. Good to talk to you. Let's begin 0:13:05.640 --> 0:13:08.760 with what happened in Beirut overnight. Give us some of 0:13:08.760 --> 0:13:09.520 the specifics. 0:13:10.920 --> 0:13:13.880 Yeah, that's right. So this is actually the most active 0:13:13.920 --> 0:13:17.600 front in the context of the broader regional conflict that's 0:13:17.640 --> 0:13:18.199 going on here. 0:13:18.240 --> 0:13:19.600 And we know since the beginning of. 0:13:19.520 --> 0:13:22.720 The week that Israel has started these ground incursions on 0:13:23.000 --> 0:13:26.200 the southern border of Lebanon. They have said that there're 0:13:26.200 --> 0:13:30.960 is conducting targeted ground rates. Now alongside that, air strikes 0:13:31.000 --> 0:13:35.559 have continued amongst areas around the suburbs of Beirut, the 0:13:35.640 --> 0:13:38.800 eastern Bika, which is close to the Syrian border. More 0:13:38.960 --> 0:13:43.520 fatalities have been recorded overnight and it seems as though 0:13:44.080 --> 0:13:48.280 eight soldiers, eight Israeli soldiers were killed in clashes with Hesbala. 0:13:48.280 --> 0:13:51.320 Three of those officers were captains. This was announced by 0:13:51.320 --> 0:13:54.880 the IDF overnight and then this morning also hearing of 0:13:55.360 --> 0:13:58.559 more than a dozen hes Bala fighters who were killed 0:13:58.559 --> 0:14:01.040 as well. So what we're seeing in Lebanon right now 0:14:01.160 --> 0:14:03.600 is conflict on the ground, but then a continuation of 0:14:03.640 --> 0:14:07.440 the air strikes that started last week. And all of 0:14:07.480 --> 0:14:12.640 this is part and parcel of the new war objective 0:14:12.720 --> 0:14:16.760 that Israel introduced two weeks ago now and saying that 0:14:16.800 --> 0:14:20.040 it was necessary for them to conduct this mission in 0:14:20.160 --> 0:14:23.960 order to dislodge Hasbella from South Lebanon and to allow 0:14:24.040 --> 0:14:25.640 residents of the north to return home. 0:14:25.960 --> 0:14:30.200 Is Israel absolutely committed to retaliation for the ballistic missile 0:14:30.240 --> 0:14:31.760 attack from Iran. 0:14:32.760 --> 0:14:35.840 It most certainly is committed to the retaliation. It's a 0:14:35.920 --> 0:14:38.960 question of when and if. You listen to all of 0:14:38.960 --> 0:14:42.920 the political voices across all sides of the spectrum in Israel, 0:14:43.680 --> 0:14:46.160 everyone is calling for the need to retaliate. Now, the 0:14:46.240 --> 0:14:48.160 question is what is the reprisal going to look like? 0:14:48.280 --> 0:14:50.240 A Couple of options being discussed, and of course we're 0:14:50.240 --> 0:14:53.240 not privy to this information. This is just estimates based 0:14:53.240 --> 0:14:56.760 on conversations that we've had. It could take several forms. 0:14:56.760 --> 0:14:59.440 It could be of the form of targeting military infrastructure, 0:14:59.520 --> 0:15:01.520 similar to what they did back in April, but then 0:15:01.520 --> 0:15:05.040 it was a very targeted strike hitting an air battery 0:15:05.080 --> 0:15:08.280 defense system. To take a one step further, there could 0:15:08.280 --> 0:15:13.040 be more targeted strikes on individuals, and you will recall 0:15:13.120 --> 0:15:15.960 is smile Hennie was killed in Tehran. Of course Israel 0:15:16.040 --> 0:15:19.280 never accepted responsibility for that, but there could be more 0:15:19.320 --> 0:15:22.320 covert operations. And then what other people have been talking 0:15:22.320 --> 0:15:26.360 about as well is potential strikes on energy infrastructure, which 0:15:26.360 --> 0:15:29.480 of course would send big shockwaves through the oil market, 0:15:29.680 --> 0:15:32.280 but here as well, if they wanted to be precise, 0:15:32.400 --> 0:15:37.600 Israel could target processing facilities, which would which produce gasoline 0:15:37.640 --> 0:15:40.680 that's mainly intended for the domestic market. Here we're talking 0:15:40.720 --> 0:15:43.400 about anything between three hundred thousand to four hundred thousand 0:15:43.440 --> 0:15:47.080 barrels per day, so the global impact of that wouldn't 0:15:47.120 --> 0:15:51.000 be as large as taking out Iran's full export capacity. 0:15:51.080 --> 0:15:52.280 And then the final and. 0:15:52.280 --> 0:15:54.840 If I say nuclear option is quite literally the nuclear 0:15:54.880 --> 0:16:00.120 option is where Israel would target Iran's nuclear sites. The 0:16:00.240 --> 0:16:03.240 US have expressed deep reservations about them doing that, and 0:16:03.360 --> 0:16:04.360 just real. 0:16:04.240 --> 0:16:08.520 Quick, those nuclear signs, the enrichment sites would be difficult 0:16:08.560 --> 0:16:12.240 targets because they're basically under mountains, are they not? 0:16:13.040 --> 0:16:15.440 That's exactly it. And so there are questions about whether 0:16:15.560 --> 0:16:19.400 even Israel's military has the ability to sustain lasting damage 0:16:19.440 --> 0:16:21.400 on some of these military sites, and whether they can 0:16:21.440 --> 0:16:23.960 actually do it unilaterally without the help of the US, 0:16:24.000 --> 0:16:27.680 which is why the US supports and this response is 0:16:27.720 --> 0:16:29.840 going to be vital. But at the same time, there's 0:16:29.840 --> 0:16:32.040 an election coming up, and you won't want to think 0:16:32.080 --> 0:16:33.960 that President Biden, what's that on his leg of theme. 0:16:34.160 --> 0:16:37.600 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:37.640 --> 0:16:40.680 making news from Wall Street to Washington and beyond. 0:16:41.040 --> 0:16:43.440 Look for us on your podcast feed by six am 0:16:43.520 --> 0:16:47.320 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:16:47.560 --> 0:16:50.400 You can also listen live each morning starting at five 0:16:50.440 --> 0:16:53.160 am Wall Street Time on Bloomberg eleven three to zero 0:16:53.160 --> 0:16:56.080 in New York, Bloomberg ninety nine to one in Washington, 0:16:56.120 --> 0:16:59.960 Bloomberg ninety two nine in Boston, and nationwide on Sirius 0:17:00.280 --> 0:17:02.280 XM Channel one twenty one. 0:17:02.200 --> 0:17:04.960 Plus listen coast to coast on the Bloomberg Business app 0:17:05.040 --> 0:17:08.359 now with Applecarplay and Android auto interfaces. 0:17:08.560 --> 0:17:11.560 And don't forget to subscribe to Bloomberg News Now. 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