Hamas Leader Killed; Meta Rallies on Earnings
On today's podcast:
1) Israel Says It’s Confirmed Hamas Number Two Deif Was Killed
2) Meta’s Upbeat Earnings Buy Time for AI, Metaverse Bet to Pay Off
3) Fed On Course for September Rate Cut as Risks to Job Market Grow
See omnystudio.com/listener for privacy information.
2024-08-01
17 min
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Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.960 --> 0:00:10.520 Good morning. 0:00:10.520 --> 0:00:13.360 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.400 --> 0:00:14.840 stories we're following today. 0:00:15.000 --> 0:00:16.920 Karen, we'll get back to the markets in a moment, 0:00:16.960 --> 0:00:19.200 but we begin with breaking news in the Middle East. 0:00:19.280 --> 0:00:23.240 Israel says it has eliminated the head of Hamas's military wing. 0:00:23.720 --> 0:00:26.279 In a post on x, the Israeli military says it 0:00:26.320 --> 0:00:29.880 has confirmed Hamas's second in command, Mohammed daff was killed 0:00:29.880 --> 0:00:33.640 in a strike in Gaza on July thirteenth. Bloomberg Middle 0:00:33.640 --> 0:00:36.360 East anchored Jumana Bursecci has the latest from Dubai. 0:00:36.600 --> 0:00:40.920 From Israel's perspective, it is a major diplomatic coup for 0:00:40.960 --> 0:00:43.920 the Israeli Prime Minister Natanie who because they have said 0:00:43.920 --> 0:00:47.520 from the very beginning that they wanted to exact revenge 0:00:47.760 --> 0:00:51.279 on the perpetrators of October seven and on Hamas, and 0:00:51.320 --> 0:00:54.720 so from their perspective, this actually works towards the goal 0:00:54.920 --> 0:00:58.520 of eliminating and neutralizing Hamas's military capabilities. 0:00:58.640 --> 0:01:01.960 Bloomberg Middle East ankardjuam Mona Bersaci says this latest killing 0:01:02.040 --> 0:01:05.319 leave ceasefire talks with Hamas even more uncertain. 0:01:06.000 --> 0:01:09.120 Nathan, this latest development out of Israel follows the two 0:01:09.280 --> 0:01:12.600 air strikes this week that killed Hamas's political leader Ishmael 0:01:12.680 --> 0:01:17.880 Hania and Tehran and senior Hezbola commander Fuad Shuker in Beirut. 0:01:18.360 --> 0:01:21.440 Israel is not confirmed it was behind Honia's death, but 0:01:21.480 --> 0:01:24.520 The New York Times reports around Supreme Leader has ordered 0:01:24.520 --> 0:01:27.679 a direct attack on Israel. In response, Secretary of State 0:01:27.720 --> 0:01:30.720 Anthony Blenkin is urging all sides to de escalate. 0:01:31.160 --> 0:01:34.800 It all starts with the ceasefire and to get there, 0:01:35.760 --> 0:01:39.280 it also first requires all parties to talk to stop 0:01:39.319 --> 0:01:41.000 taking any escalatory actions. 0:01:41.280 --> 0:01:44.360 Despite that determination from Secretary of State Blank and sources, 0:01:44.400 --> 0:01:47.919 Tol Bloomberg Knews that the Biden administration and knows getting 0:01:47.960 --> 0:01:52.000 to a ceasefire is harder than ever. After Ishmael Hania's death. 0:01:52.080 --> 0:01:55.240 Trained to politics back home, Karen. Former President Donald Trump 0:01:55.320 --> 0:01:58.680 was in Chicago for the National Association of Black Journalists 0:01:58.720 --> 0:02:03.600 conference and he questioned Vice President Kamala Harris's racial identity. 0:02:03.640 --> 0:02:07.040 We get more from Bloomberg Zamy Morris. In Washington, the. 0:02:06.960 --> 0:02:10.480 Former president got booed and some laughs when he said 0:02:10.560 --> 0:02:14.160 during a roundtable discussion that he questions Vice President Kamala 0:02:14.200 --> 0:02:15.600 Harris's racial identity. 0:02:15.960 --> 0:02:19.840 She was always of Indian heritage, and she was only 0:02:19.960 --> 0:02:23.440 promoting Indian heritage. I didn't know she was black until 0:02:23.480 --> 0:02:26.040 a number of years ago when she happened to turn black, 0:02:26.080 --> 0:02:27.000 and now she wants to be. 0:02:26.960 --> 0:02:27.640 Known as black. 0:02:27.720 --> 0:02:30.760 Trump also defended old comments from his running mate, Senator 0:02:30.840 --> 0:02:34.800 jd Vance that disparaged women without children as quote childless 0:02:34.800 --> 0:02:37.239 cat ladies, saying it was meant in a friendly manner. 0:02:37.520 --> 0:02:40.560 The National Association of Black Journalists says they're also in 0:02:40.639 --> 0:02:43.800 talks to have Vice President Harris virtually address their convention. 0:02:44.200 --> 0:02:46.000 Amy Morris Bloomberg Radio, all. 0:02:45.919 --> 0:02:48.880 Right by me, thank you. As Vice President Kamala Harris 0:02:48.919 --> 0:02:51.520 gets closer to picking a running maid, her team has 0:02:51.560 --> 0:02:55.399 met with Pennsylvania Governor John Shapiro. Bloomberg's Ed Baxter has 0:02:55.440 --> 0:02:56.079 that story. 0:02:56.840 --> 0:02:59.080 They have said all along he's on the shortlist, which 0:02:59.120 --> 0:03:03.000 now includes Shapiro, Senator Mark Kelly, and Minnesota Governor Tim Walls, 0:03:03.440 --> 0:03:05.440 and say that it was just part of the selection 0:03:05.560 --> 0:03:09.480 process and not to read anything into it. Sources as 0:03:09.520 --> 0:03:13.480 well say several unions have made their concerns known about Kelly. One, 0:03:13.560 --> 0:03:17.080 the Transport Workers Union, said he is not pro trade 0:03:17.360 --> 0:03:21.560 union enough. In fairness, other unions have supported him. Harris 0:03:21.600 --> 0:03:24.399 did pick up the endorsement of the United Auto Workers, 0:03:24.480 --> 0:03:28.360 influential in Michigan. She plans to campaign with her pick 0:03:28.800 --> 0:03:31.160 next week. Ad Baxter Bloomberg Radio. 0:03:31.480 --> 0:03:33.840 Okay and thanks. Let's turn back to markets now, the 0:03:33.840 --> 0:03:37.520 barrage of earnings around the world. We'll start with Meta Platforms. 0:03:37.560 --> 0:03:39.720 Those shares are up six and a half percent in 0:03:39.760 --> 0:03:43.320 early trading. The Facebook owner reported better than expected sales 0:03:43.360 --> 0:03:46.880 in the second quarter. Investments in artificial intelligence are helping 0:03:46.920 --> 0:03:52.240 meticell more targeted and personalized advertisements. Meta CEO Mark Zuckerberg 0:03:52.280 --> 0:03:54.200 talked about AI on the conference call. 0:03:54.560 --> 0:03:57.520 They're all the jokes about how all the tech CEOs 0:03:57.520 --> 0:03:59.400 get on these earnings calls and just talk about AI 0:03:59.480 --> 0:04:02.000 the whole time, because it's actually super exciting and it's 0:04:02.040 --> 0:04:04.720 going to change all these different things over multiple time. 0:04:04.720 --> 0:04:08.120 Horizon, Mark Zuckerberg's Meta Platforms reported sales of thirty nine 0:04:08.160 --> 0:04:12.080 point one billion dollars that topped estimates by eight hundred million. 0:04:12.640 --> 0:04:16.400 Well, Nathan. While Zuckerberg's personal wealth will rise if those 0:04:16.440 --> 0:04:18.880 gains and Meta shares hold, it may pale to the 0:04:18.960 --> 0:04:22.600 day in Vidia CEO Jensen Wong had shares of Nvidia 0:04:22.760 --> 0:04:26.120 search thirteen percent yesterday. I may get more from Bloomberg's 0:04:26.120 --> 0:04:26.800 Doug Prisner. 0:04:26.960 --> 0:04:29.960 The rally was linked to an upbeat forecast from competitor 0:04:30.000 --> 0:04:34.320 Advanced micro Devices. AMD's outlook pointed to improved demand for 0:04:34.400 --> 0:04:38.880 its AI accelerator, a market dominated by Nvidia. On Wednesday, 0:04:38.960 --> 0:04:41.640 Nvidia added a record three hundred and twenty nine billion 0:04:41.680 --> 0:04:44.600 dollars in value, and Wong's net worth was boosted by 0:04:44.640 --> 0:04:48.640 nearly twelve billion. He is now the world's fourteenth richest person, 0:04:48.920 --> 0:04:50.920 with a net worth of nearly one hundred and three 0:04:51.040 --> 0:04:55.360 billion dollars. He has been steadily capitalizing on Invidia's outperformance 0:04:55.440 --> 0:04:58.120 this year. He sold shares worth nearly one hundred and 0:04:58.120 --> 0:05:01.360 sixty nine million dollars in June, the most he's netted 0:05:01.400 --> 0:05:04.080 in a single month in New York. I'm Doug Prisner, 0:05:04.080 --> 0:05:04.840 Bloomberg Radio. 0:05:04.920 --> 0:05:06.680 All right, Doug, thanks and high tech will remain and 0:05:06.720 --> 0:05:10.640 focus this afternoon when Apple and Amazon report earnings. But 0:05:10.720 --> 0:05:14.039 let's check some key results overseas. This morning, shares of 0:05:14.200 --> 0:05:17.359 Shell are up one point two percent. The oil giant 0:05:17.400 --> 0:05:21.039 posted second quarter earnings above analyst estimates and confirmed another 0:05:21.080 --> 0:05:23.920 three and a half billion dollars share buy back shares 0:05:23.960 --> 0:05:24.680 of Barclays. 0:05:24.720 --> 0:05:27.680 We're higher earlier, now they're lower. In London, the British 0:05:27.720 --> 0:05:30.440 lender reported better than expected income in the second quarter, 0:05:30.520 --> 0:05:32.480 aided by a surge and revenue from some of its 0:05:32.520 --> 0:05:35.800 Wall Street operations. Barclays will also repurchase as much as 0:05:35.920 --> 0:05:38.920 nine hundred and sixty three million dollars in shares now. 0:05:39.000 --> 0:05:41.599 We turned to the US Economy Karen in more hints 0:05:41.640 --> 0:05:43.479 from the FED that it could pull off a rate 0:05:43.560 --> 0:05:47.560 cut at its next meeting. J Powell kept rates unchanged yesterday, 0:05:47.600 --> 0:05:50.279 but the FED share signaled officials are on course to 0:05:50.279 --> 0:05:53.520 cut in September unless inflation progress stalls. 0:05:53.839 --> 0:05:56.800 The question will be whether the totality of the data 0:05:56.960 --> 0:05:59.960 the evolving outlook in the balance of risks, or consider 0:06:00.279 --> 0:06:03.600 with rising confidence on inflation and maintaining a solid labor market. 0:06:03.760 --> 0:06:06.120 If that test is met, a reduction in our policy 0:06:06.200 --> 0:06:08.359 rate could be on the table as soon as the 0:06:08.400 --> 0:06:09.680 next meeting in September. 0:06:10.160 --> 0:06:13.600 Following FED shared Jpal's comments, interest rate swaps showed traders 0:06:13.640 --> 0:06:16.120 fully pricing in a quarter point cut in September and 0:06:16.160 --> 0:06:18.839 a total of almost seventy basis points in reductions for 0:06:18.880 --> 0:06:19.400 the year. 0:06:19.600 --> 0:06:20.360 On Nathan rates. 0:06:20.400 --> 0:06:22.839 Also in focus overseas, the Bank of England makes a 0:06:22.839 --> 0:06:25.920 policy decision later this morning, and economists say there could 0:06:25.960 --> 0:06:28.440 be the first rate cut since the start of the pandemic. 0:06:28.760 --> 0:06:31.840 Investors are placing a sixty four percent chance on a 0:06:31.960 --> 0:06:34.840 quarter point cut, taking a key lending rate from a 0:06:34.880 --> 0:06:37.279 five and a quarter percent to five percent. 0:06:37.320 --> 0:06:39.640 And back on Wall Street caring it as a blow 0:06:39.760 --> 0:06:42.240 for Bill Ackman. In just a matter of weeks, the 0:06:42.240 --> 0:06:44.920 Pershing Square founders planned to steer a new investment fund 0:06:44.960 --> 0:06:48.599 onto the New York Stock Exchange has collapsed. Acman bet 0:06:48.640 --> 0:06:51.400 his wide following on X could raise twenty five million 0:06:51.440 --> 0:06:53.960 dollars for Pershing in an initial public offering. That would 0:06:53.960 --> 0:06:56.479 have been an unprecedented feat for a closed end fund 0:06:56.560 --> 0:06:59.360 in the US. Acman later cut that target to four 0:06:59.360 --> 0:07:03.800 billion dollars than two billion. By yesterday, Pershing Square withdrew 0:07:03.839 --> 0:07:05.080 the IPO completely. 0:07:08.760 --> 0:07:10.000 It's time now for a look at some of the 0:07:10.080 --> 0:07:12.560 other stories making news in New York and around the world. 0:07:12.640 --> 0:07:14.760 For that, we're joined by A Bloomberg's John Tucker. 0:07:14.840 --> 0:07:17.280 John, Good Morning, Good morning, Karen. The man accused of 0:07:17.320 --> 0:07:20.000 being the main plotter in al Qaeda's nine to eleven attacks, 0:07:20.000 --> 0:07:23.560 has agreed to plead guilty. That's according to the Defense Department. 0:07:23.880 --> 0:07:26.520 Kaleide Shaik Mohammad and two accomplices in the attack are 0:07:26.560 --> 0:07:29.280 expected to enter the police at the Military Commission at 0:07:29.280 --> 0:07:32.680 Guantanamo Bay, Cuba, to avoid the death penalty. The US 0:07:32.760 --> 0:07:35.240 agreement with him and comes more than twenty years after 0:07:35.280 --> 0:07:39.520 militants flew commandeered commercial airliners into buildings, killing nearly three 0:07:39.520 --> 0:07:42.680 thousand people. Some family members of nine to eleven victims 0:07:42.720 --> 0:07:46.440 say that's not justice. Andrew Ensborough, as president of the 0:07:46.640 --> 0:07:49.160 Uniform Firefighters Association. 0:07:49.080 --> 0:07:52.680 They're allowing these three terrorists and mass murderers to continue 0:07:52.680 --> 0:07:56.040 to live well. On average, three New York City firefighters 0:07:56.080 --> 0:07:57.480 a time every month. 0:07:58.360 --> 0:08:01.400 More than three hundred and forty members the EMPTNY died 0:08:01.520 --> 0:08:04.400 in the attack on the World Trade Center. The US 0:08:04.440 --> 0:08:08.200 says the world should acknowledge that Venezuela is opposition one 0:08:08.440 --> 0:08:12.840 last weekend's election against President Nicholas Maduro. Brian Nichols, the 0:08:12.840 --> 0:08:16.080 top US diplomat for Western Hemisphere affairs, spoke at a 0:08:16.120 --> 0:08:19.440 meeting of the Organization of American States in Washington with. 0:08:19.680 --> 0:08:22.239 The irrefutable evidence based on the act. 0:08:22.240 --> 0:08:25.480 As everyone can see, it is clear that in Mundel 0:08:25.560 --> 0:08:29.360 Gonzalez Orutia defeated Nicholas Maduro by millions of votes. 0:08:30.080 --> 0:08:33.040 Meanwhile, Maduro doubled down on his claims of victory, saying 0:08:33.040 --> 0:08:37.079 his opponent should be jailed for decades. American Cancer Society 0:08:37.120 --> 0:08:40.440 says cancer rates are opt for Gen ax and millennials. 0:08:40.840 --> 0:08:43.559 According to the research published in the journal Lancet. They 0:08:43.559 --> 0:08:46.080 have a two to four times higher rate of specific 0:08:46.200 --> 0:08:49.840 cancers like pancreatic or kidney. The good news is the 0:08:49.960 --> 0:08:53.080 number of lung cancer and cervical cancer deaths are on 0:08:53.160 --> 0:08:56.360 the decline. Forty five percent of American adults say they've 0:08:56.360 --> 0:08:59.160 been billed in the past year for medical care they 0:08:59.160 --> 0:09:02.360 thought was covered by insurance. According to a report from 0:09:02.360 --> 0:09:04.640 the Commonwealth, thought at least many footing the bill for 0:09:04.760 --> 0:09:08.160 insurance company errors. Sarah Collins, one of the authors of 0:09:08.200 --> 0:09:11.040 the report from the Independent Health Research Foundation. 0:09:11.559 --> 0:09:14.160 When we asked him why they hadn't challenged, more than 0:09:14.200 --> 0:09:15.920 half sin it was because they weren't aware that they 0:09:15.960 --> 0:09:17.079 had the right to do so. 0:09:17.800 --> 0:09:20.000 Collins says more than a third of those who challenged 0:09:20.000 --> 0:09:24.000 their medical bills got their balances reduced or eliminated. Global 0:09:24.000 --> 0:09:26.199 news twenty four hours a day, whenever you want to 0:09:26.240 --> 0:09:29.200 it with Bloomberg News. Now, I'm John Tucker and this 0:09:29.559 --> 0:09:31.200 is Bloomberg Nathan and Karen. 0:09:31.520 --> 0:09:38.560 Sorry, John, thank you. Time now for the Bloombergy Sports 0:09:38.640 --> 0:09:40.040 Update with John Stashauer. 0:09:40.160 --> 0:09:42.560 John, good morning, Good morning, karens for the rough season 0:09:42.600 --> 0:09:46.120 for dj Lemayeu, the Yankees veteran infielder has struggled with 0:09:46.160 --> 0:09:48.079 the plate. They've seen his playing time strength. But the 0:09:48.160 --> 0:09:51.120 latest Yankee wins six ' five in Philadelphia all about 0:09:51.200 --> 0:09:53.560 le mayew a grand slam in the second, in the 0:09:53.600 --> 0:09:56.120 two run double in the sixth, the career eye six 0:09:56.280 --> 0:10:00.120 RBIs the Meyu drove in all six Here's Aaron Boone. 0:10:00.040 --> 0:10:05.800 Really excited for him. You know, obviously, guys respect No, No, 0:10:05.960 --> 0:10:10.240 he's grind and no, he's going through it. And you know, 0:10:10.280 --> 0:10:14.679 obviously hasn't got a lot of opportunities lately, and it 0:10:14.840 --> 0:10:15.840 was clearly the difference. 0:10:15.880 --> 0:10:18.960 Today Yanks five straight wins start a nine game homestand 0:10:19.000 --> 0:10:21.360 tomorrow is the Mets began a ten game road trip. 0:10:21.400 --> 0:10:23.480 They lost in City Field to the Twins eight to three. 0:10:23.520 --> 0:10:25.280 Red Sox pulled out a three to two ten in 0:10:25.320 --> 0:10:28.400 in win over Seattle. Nationals lost five four got swept 0:10:28.600 --> 0:10:30.880 at Arizona. Red Hot Padres made it nine of the 0:10:30.960 --> 0:10:33.280 last ten. They were roughed up Clayton Kershawby to Dodgers 0:10:33.360 --> 0:10:36.160 eight to one. Kansas City sent the White Sox to 0:10:36.200 --> 0:10:39.320 a seventeenth loss in a row. At the Olympics. Today, 0:10:39.360 --> 0:10:42.800 sim Owned Biles, we'll seek individual gold. US women's basketball 0:10:42.840 --> 0:10:46.520 team takes on Belgium. Tennis has American Tommy Paul trying 0:10:46.520 --> 0:10:50.160 to upset Carlos Alcarez in the quarterfinals. In the pool, yesterday, 0:10:50.240 --> 0:10:52.720 Katie the deck He won her eighth career gold medal, 0:10:52.760 --> 0:10:56.240 winning easily in her specialty. The fifteen hundred meters twelve 0:10:56.320 --> 0:10:58.600 career medals ties the US record. But the big story 0:10:58.600 --> 0:11:01.640 in swimming the French oh Marshawn. He already won a 0:11:01.640 --> 0:11:03.440 goal in the im he won the two hundred meters, 0:11:03.480 --> 0:11:06.400 Butterfly came back two hours later to capture the two 0:11:06.480 --> 0:11:09.120 hundred breaststroke. US hoops team at one O three to 0:11:09.200 --> 0:11:13.479 eighty six route of South Sudan. John Stashedwer Bloomberg Sports Kenna. 0:11:13.280 --> 0:11:19.520 Nathan Coast to Coast on Bloomberg Radio nationwide on Syrias 0:11:19.720 --> 0:11:22.840 XM and around the world on Bloomberg dot Com and 0:11:22.920 --> 0:11:27.880 the Bloomberg Business app. This is Bloomberg Daybreak. Good morning, 0:11:27.920 --> 0:11:28.760 I'm Nathan Hager. 0:11:29.000 --> 0:11:31.280 We are watching for the prospect of further tensions in 0:11:31.320 --> 0:11:33.800 the Middle East, with Israel now saying it has confirmed 0:11:33.840 --> 0:11:37.720 the death of Hamas's military chief Mohammed daf in a 0:11:37.760 --> 0:11:40.840 strike in Gaza that follows the strike this week that 0:11:40.960 --> 0:11:45.560 killed Hamas's political leader Ismail Hania in Tehran. Joining us 0:11:45.559 --> 0:11:48.160 from Tel Aviv once again this morning is Bloomberg News 0:11:48.280 --> 0:11:52.120 Israel Bureau chief Ethan Bronner. Ethan, good morning. What is 0:11:52.160 --> 0:11:56.640 the Israeli military saying specifically about the military commander's death? 0:11:58.120 --> 0:12:01.120 Hi, Nathan, So this is a hit that occurred actually 0:12:01.160 --> 0:12:05.480 more than two weeks ago, and at that time Israeli 0:12:05.520 --> 0:12:09.320 said they were pretty sure they got him. Hamas denied it. 0:12:09.480 --> 0:12:11.960 They said, he's fine. He's laughing as he listens to 0:12:12.080 --> 0:12:15.640 Prime Minister Nutaya, who claims to have killed him. Today 0:12:15.920 --> 0:12:19.120 simply based on their ability to do some kind of 0:12:19.120 --> 0:12:23.320 intelligence assessment to the Israeli military, As officially announced that 0:12:23.400 --> 0:12:26.200 diff was eliminated on the thirteenth. I think it was 0:12:26.280 --> 0:12:28.920 in July, so it's sort of coming on top of 0:12:28.920 --> 0:12:31.400 this other news, but it's not actually new. It's from 0:12:31.400 --> 0:12:32.040 two weeks ago. 0:12:32.559 --> 0:12:36.120 But still for two Israel to make that confirmation, I 0:12:36.160 --> 0:12:39.520 would think is a pretty significant development when you think 0:12:39.559 --> 0:12:44.880 about where the leadership structure stands with Hamas now the 0:12:45.080 --> 0:12:50.200 military chief, the second in command eliminated, the political chief, 0:12:50.320 --> 0:12:55.160 the top leader of Humas eliminated. Does this bring Israel 0:12:55.240 --> 0:12:58.880 closer to its goal of eliminating Hamas as an organization. 0:12:59.559 --> 0:13:02.520 I think it does, But I mean, I think this 0:13:02.559 --> 0:13:07.880 is the eternal question about these guerrilla organizations and about 0:13:07.920 --> 0:13:11.920 the policy of targeted assassinations and so on this. You know, 0:13:11.960 --> 0:13:15.920 there's a kind of eternal battle of theories that you 0:13:16.640 --> 0:13:19.960 just create more terrorists when you go after them in 0:13:20.000 --> 0:13:22.720 this way, or no, yes we can kill them, we 0:13:22.760 --> 0:13:25.080 can eliminate it. And it's very difficult for me to 0:13:25.080 --> 0:13:28.400 know where we're headed. There's no question that progress has 0:13:28.440 --> 0:13:32.040 been made and a lot of progress in dissembling the 0:13:32.320 --> 0:13:34.160 military structure of Hamas. 0:13:35.480 --> 0:13:36.560 You know, another. 0:13:36.320 --> 0:13:39.760 Argument that is being booted here is that this all 0:13:39.800 --> 0:13:43.439 of this action is a prelude to there being a 0:13:44.800 --> 0:13:48.920 ceasefire deal and Ntania who needs all of this kind 0:13:48.920 --> 0:13:52.280 of a chest beating in order to persuade the nation 0:13:52.440 --> 0:13:54.320 that it's okay to go ahead with the deal, to 0:13:54.360 --> 0:13:57.280 get some hostages out and to create a ceasefire. I 0:13:57.280 --> 0:14:00.679 notice if that's true. What I do know is that 0:14:00.760 --> 0:14:03.320 in the coming days we're going to get hit in 0:14:03.360 --> 0:14:07.400 this country from some combination of his belah Iran and 0:14:07.400 --> 0:14:09.280 the Hutis. It's almost inevitable. 0:14:10.120 --> 0:14:13.599 And with all that in the background, Ethan, we're continuing 0:14:13.640 --> 0:14:17.360 to hear this determination from the US side. A Secretary 0:14:17.440 --> 0:14:23.760 of State Blincoln on ceasefire talks progressing, tensions de escalating. 0:14:23.880 --> 0:14:28.320 I mean, what is the prospect for ceasefire talks when 0:14:28.840 --> 0:14:33.120 we have this disarray in Hamas leadership? I mean, who's 0:14:33.160 --> 0:14:35.080 going to be in the talks at this point? 0:14:35.240 --> 0:14:37.800 Well, to be fair, it has always been only one 0:14:37.800 --> 0:14:41.280 negotiator who mattered and me's Uas and war who's the 0:14:41.360 --> 0:14:45.800 overall leader of Hamas, who's in a tunnel somewhere under Gaza. 0:14:46.480 --> 0:14:51.160 It's a complicated process to negotiate because the messages and 0:14:51.240 --> 0:14:54.520 the communication have to go back and forth by hand. 0:14:54.720 --> 0:14:58.360 They don't do it electronically. There so I mean, to 0:14:58.400 --> 0:15:00.960 be honest, Honey played a role the man who was 0:15:01.040 --> 0:15:05.320 killed in Tehran yesterday, but he was essentrally doing the 0:15:05.360 --> 0:15:08.080 bidding of Sinoar. So someone else will do the bidding 0:15:08.120 --> 0:15:10.600 of Sinoar. That doesn't strike me as the problem. The 0:15:10.680 --> 0:15:13.280 problem is that I think that they're going to pull 0:15:13.320 --> 0:15:15.360 back from these talks, at least for a little while, 0:15:16.400 --> 0:15:20.560 in anger and humiliation for what has just happened, the 0:15:20.680 --> 0:15:25.720 killing of any in Tehran with a precision guided missile 0:15:25.760 --> 0:15:28.680 of some kind. So that's likely. But you know, what 0:15:28.720 --> 0:15:30.920 the US is doing is going around talking to everyone 0:15:30.960 --> 0:15:33.920 and saying, let's keep the waters calm, let's not let 0:15:33.920 --> 0:15:39.040 this devolve into a major regional war. And possibly what 0:15:39.120 --> 0:15:42.560 will happen is what happened in mid April after Israel 0:15:42.960 --> 0:15:48.400 killed Iranian generals in Damascus, and there was a specific 0:15:48.880 --> 0:15:54.760 attack by Iran on the Israeli territory. But it looked, 0:15:54.800 --> 0:15:56.720 and I don't want to go too far in this direction, 0:15:56.840 --> 0:15:59.400 that it had been kind of signaled all around that 0:15:59.520 --> 0:16:03.080 the it was relatively clear what was coming when, so 0:16:03.120 --> 0:16:06.600 that it could be it could make a symbolic gesture, 0:16:06.600 --> 0:16:09.280 but not great a war, and maybe that's what we'll 0:16:09.320 --> 0:16:10.360 see again. I don't know. 0:16:10.520 --> 0:16:13.440 This is Bloomberg day Break Today, your morning brief on 0:16:13.480 --> 0:16:17.040 the stories making news from Wall Street to Washington and beyond. 0:16:17.320 --> 0:16:20.080 Look for us on your podcast feed at six am 0:16:20.160 --> 0:16:23.800 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:23.880 --> 0:16:25.040 get your podcasts. 0:16:25.160 --> 0:16:27.880 You can also listen live each morning starting at five 0:16:27.920 --> 0:16:30.560 am Wall Street Time on Bloomberg eleven three to zero 0:16:30.560 --> 0:16:33.440 in New York, Bloomberg ninety nine to one in Washington, 0:16:33.520 --> 0:16:36.400 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:36.480 --> 0:16:38.160 ninety sixty in San Francisco. 0:16:38.520 --> 0:16:41.680 Our flagship New York station is also available on your 0:16:41.720 --> 0:16:47.160 Amazon Alexa devices. 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