Interview with Palestinian Prime Minister; New Charges for Hunter Biden
On today's podcast:
1) The Palestinian Authority is working with US officials on a plan to run Gaza after the ongoing war is over, with one of its top leaders arguing that Israel’s aim to fully defeat Hamas is unrealistic and the militant group should instead join it under a new governing structure.
2) President Joe Biden’s son Hunter was indicted on nine federal tax charges in a development that will become a political headache for the White House and Democrats as the 2024 campaign ramps up.
3) Treasury yields rose as traders pared expectations for the Federal Reserve to ease monetary policy aggressively next year after a better-than-forecast jobs report.
Full Transcript:
Good morning. I'm Nathan Hager and I'm Amy Morris. Here are the stories we're following today. This morning, we are learning the Palestinian authority is working with the US on a plan to run Gaza after the fighting ends. Palestinian Prime Minister Mohammad stay I spoke with Bloomberg News. He says his preferred outcome would be to include Hamas as a junior partner in a post war administration, if they are ready to come to ground, to an agreement and really accept the political platform of the PLO, accept the tools of struggle because this is an important point of difference between us and them, and then there will be a room for talk. Otherwise it's just simply things will continue to be the same. Prime Minister Mohammad Staya also tells Bloomberg he does not believe Hamas can be eradicated by Israel. His comments are at odds with the stated aim of Israel's military campaign to wipe out the militant group following the deadly October seventh terrorist attack. The war in Gaza so far has killed more than sixteen thousand Palestinians. That's according to the Hamas run Health Ministry. Now the major legal news breaking overnight in the US that could be a new political headache for President Biden. The president's son Hunter has been indicted on nine new federal tax charges in Los Angeles. That's on top of the federal gun charges he's facing in Delaware. We get more from Bloomberg's David Voriakis. It expands on an earlier agreement in which he would have pleaded guilty in federal court in Delaware and in July and avoided prison. Under this indictment, he could theoretically be sentenced to as much as seventeen years in prison. What government alleges is, I will quote, the defendants spent this money on drugs, escorts and girlfriends, luxury hotels and rental properties, exotic cars, clothing, and other items of a personal nature. In short, everything by his taxi. Bloomberg's David Voriaki says. These new charges come as House Republicans plan to vote next week on formalizing their impeachment inquiry into President. By this latest indictment against Hunter, Biden does not offer evidence that the President benefited from or was involved in his son's activities. Also in the twenty twenty four election, Amy Republican Ron DeSantis's campaign is dealing with more disappointing news, as Bloomberg said, Baxter reports a fundraising event for the Florida governor tend to be canceled. About three thousand donors were invited to a Never Back Down super Pack lunch and to be held before this week's debate. A ten thousand dollars contribution would have given donors access to the lunch where Casey Dessentis was scheduled to speak, as well as a ticket to the debate itself, and an invite to a post debate celebration with a governor. Well, just a couple of days prior to the date, Never Back Down decided to cancel. Scott Wagner, who leads the pack, cited lack of interest. In November, a similar event raised one million dollar dollar, aed Baxter, Bloomberg Radio Right, Thank You ed Elsewhere in politics, more fallout for those IVY League presidents who struggled to denounce campus anti semitism on Capitol Hill this week. The presidents of Harvard and the University of Pennsylvania have issued statements clarifying their positions, but now investment manager Ross Stevens has withdrawn a one hundred million dollar donation that he had planned to give to Pen. Those details from Bloomberg's Charlie Pellett. Stevens is co founder of stone Ridge Asset Management, and he had pledged a stake in the firm to the Ivy League University to fund the Stevens Center for Innovation in Finance. According to a letter to university officials, Lawyers representing the firm said the school had violated anti discrimination and anti harassment policies it had accepted in order to become an investor in New York. Charlie Pellett Bloomberg Radio. Okay, Charlie, thank you. Turning to markets, Investors are waiting for a critical data point this morning, the November jobs report, coming ahead of next week's FED meeting, their last of twenty twenty three. Let's get a preview from Bloomberg's Michael McKee. We should be seeing signs of a slowing economy in the labor market, but economists say not just yet. The consensus forecast is November saw the pace of hiring pick up, while unemployment was unchanged. About thirty thousand jobs won't be new, they will just reflect the return of autoworkers to pay rolls after the UAW strike, but hiring in healthcare, leisure and hospitality and government should keep healthy numbers Beyond manufacturing, markets are pricing a lower than anticipated number. However, so strength could lead to higher rates as investors worry the FED may not yet be done with rate hikes. Michael McKee, Bloomberg Radio, Mike, thank you. Turning overseas, the Japanese yen has surged over the past day. Traders betting the Bank of Japan will scrap the world's last negative interest rate regime sooner than previously thought the advance and Japanese stocks and bonds lower. At one point, the en jumped almost four percent against dollar. Checking Japanese currency right now the end at one forty four to twenty three against the dollar and elsewhere in Asia, Amy top communist leaders in China are promising to strengthen fiscal policy and boost demand while implementing a flexible and targeted monetary policy. China's state run news agency reports officials dropped the word forceful, which was included in previous policy. This came at a meeting chaired by Chinese President Shi Jinping and in corporate news. Back here in the US, the shakeup continues at Spotify. Chief financial officer Paul Vogel is departing after we'd already heard Spotify's head of marketing is heading for the exits. The streaming company announced widespread layoffs earlier this week, totally about fifteen hundred jobs. And now we'll joining us with a look at some of those other stories making news around the world. We bring in Bloomberg's Michael Barr Good Friday morning. Michael, Good morning to you. Nathan. Gunfire outside of Jewish synagogue and upstate New York. It's being investigated as a possible hate crime. Police said shots were fired outside Temple Israel in Albany just hours before the start of Honkkah. The synagogue's preschool was in session and put on lockdown. Nobody was hurt. Very angry and frustrated. Governor Kathy Hochel spoke out last night about the incident. Any act of anti Semitism is unacceptable and undermine the public safety at our synagogue. The first night of Hanukah is even more deplorable. Authorities took a twenty eight year old man in custody for allegedly firing two rounds from a shotgun. Meanwhile, the National Manora on the ellipse by the White House was also lit last night. Since the October seventh start of the Israel Hamas War, law enforcement agencies have warned of a spike in anti Semitic and Islamophobic crimes in the US. Police said gunman who killed three faculty members at the University of Nevada, Las Vegas was an unemployed professor who stuffed his waistband with ammunition before beginning the attack. Authority say sixty seven year old Anthony Polito brought a list of targets, although those shot weren't on that list. Sheriff Kevin mcmahill with the Las Vegas Metropolitan Police Polino was armed with the Taurus nine millimeter handgun. He had brought eleven magazines to the scene with him. Nine loaded magazines were found on his person after the shooting. Polito died in a shootout with police Wednesday, minutes after opening fire inside of building housing a business school. A fourth victim of visiting professor is hospitalized with life threatening injuries. The White House says it is troubled by the Senate's failure to move forward on a supplemental budget request. White House National Security Council spokesman John Kirby says time he is running out to provide more a to Ukraine in its fight against Russia. We've got a few more weeks here and then we're out of Schlitz when it comes to help in Ukraine with this kind of securities systems, so that we've been able to provide, and that's just that that should be unacceptable to everybody, Admiral Kirby says. The emergency request, which also includes funding for Israel and US border securities, being held up by a small number of Republicans demanding what President Biden describes as extreme border policies. Global news twenty four hours a day and whenever you want it with the Bloomberg News Now, I'm Michael Barr, and this is Bloomberg Gaming and Mike, we can get much more Bloomberg News right on your dashboard. The new Bloomberg Business app features Apple Car Play, Android Auto. Get all the offerings that we have on Bloomberg right in your car. Download the Bloomberg Business App from the Apple App Store or Google Plays. Presented by our sponsor Interactive Brokers, time now for the Bloomberg Sports Update, brought to you by Tri State OUTI. Good morning, John stash Hour, Good morning Nathan. When golfers began to leave the PGA Tour for the new Live Tour, John Rahm was outspoken against the idea. He said he doesn't play golf for the money, but for the love of the game. Rom just joined the Live Tour for a deal. It'll get him north of three hundred million dollars. He's ranked third in the world. The reigning Masters champ upset of the AFC Patriots was just their third win of the season, first in six weeks. They built up a twenty one to three lead midway through the second quarter went on to win in Pittsburgh twenty one to eighteen Bailey's zappy through three touchdown passes. It'll be the Pacers and Lakers tomorrow night in Las Vegas Championship game of the NBA's inaugural in season tournament. Indiana beat Milwaukee and the Lakers blew out New Orleans Islanders a seven three home win over Columbus. Devil's won two to one at Seattle. Aaron Judge was on ABC asked his reaction to the acquisition of his new teammate, Juan Soda. I'm excited. I'm excited. You know. It's he's a generational talent. You know. We gave up quite a few, you know, special pitchers in the package. But I think everybody, everybody in Pinchrofts is looking forward to having won Sodo Grissom, you know, for do all those guys, you know, and so it's going to be a fun year. GM Brian Cashman said the Yankees are in it to win it. He says signing having Soto on the team this season could help their chances of signing them to a long term deal. He's due to be a free agent. Cashman on Monday will be in California to meet with Japanese free agent picture Yashinobu Yamamoto, and the Mets also want to sign him. The Orioles have been owned by the Angelos family since nineteen ninety three of Bloomberg report that they could be for sale and in talks with billionaire and Baltimore native David rubenstaff doms dash Ellen. Bloomberg sports from coast to coast, from New York to San Francisco, Boston to Washington, DC, nationwide on Sirisxam, the Bloomberg Business app in Bloomberg dot Com. This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. What comes the day after Israel's war with Hamas. The Palestinian authority says it is working with the US on a plan to run the Gaza strip after the fighting ends. One of its top leaders argues Israel's aim to fully defeat the Palestinian militant group Hamas is unrealistic. Palestinian Prime Minister Mohammad Staya says his preferred outcome would be for Hamas to become a junior partner under the Palestine Liberation Organization, helping to build a new independent state that includes the West Bank, Gaza, and East Jerusalem. Mohammed Staya spoke with Bloomberg's Ethan Branner from his office in the West Bank. Gaza is an integral part of the state of Banistlin right, and the Balestinian territory includes Gaza, West Bank and Jerusalem. So when we talk about two states, the geography of the two states is Gaza, Jerusalem and the West Bank. So this integral part of the Balistina territory should always be there is there a fear of going in after this operation by Israel that you're sort of following in on their tanks. We start a concern. We said that we are not going to go there on and Israelian militia what does it mean. It means that for us there has to be an arrangement. Our people are there and we need to put together structure and we need to put together a mechanism. This is something that we are working on with the international community in order for us to make it possible. There were there will be huge needs in terms of relief, reconstruction, to remedy the wounds, and are you ready to take that on? Not by ourselves, I mean, obviously we need international assistance, but this is your plan, your planners that the PA would when this thing ends, be the kind of vehicle for rebuilding Gaza by all means. Look, when Israel encouraged into Gaza in twenty fourteen, who did all the reconstruction, and we were still reconstructing Gaza. Most of the most of aspects of infrastructure has been actually built by the Palatina Authority, and even before the war, I should tell you that there were there under implementation a total value of eight hundred million dollars of infrastructure projects, that is and that has been under implementation by US roads, hospitals, water networks, electricity, desalination plants and so on. So we, as I told you, we never abandoned Gaza. We never left Gaza. So now any day after it should also include a package of assistance with the full engagement of the international community, because ourselves we cannot do it. A lot. The relationship between the PA and Hammas is very complicated. It's been there was after all, civil war, as you said in two thousand and seven. But the Israeli say they want to eradicate Hamas. Is that a goal that is achievable? Can you do it? First of all, you know, we tried four times or more to come to an agreement with Hamas, but it didn't work and correct and we signed four agreements. Unfortunately none of them was ever implemented by them by them, and recently we have had a dialogue in Egypt and an almen and we agreed on certain issues, we did disagree on a number of issues, and we did form a committee to keep them engaged. That was the idea, but unfortunately all these sort of things has happened, and then now things are going in a totally different direction. Now. For Israel to say that they are going to eradicate or eliminate Hamas, I don't think that's a possible goal to achieve simply because Hamas is not in Gaza only Hamas is in Libanon. Hamas in leadership, everybody knows in Kata, and they're here in the Wost Bank and so on and so forth. So what is needed really is a situation in which that Palestinian unity should be be allowed to function on very clear the bonds and agenda. We did put together certain bonds for Hamas to accept, they never accept it, including the recognition of international legitimacy, United National Resolutions, be a LO commitments and so on and so forth. We even invited Hamas to become part of the Ballistini and Balistan Liberation organ They never wanted to. Hamas wanted to take things their own way, either their way or the highway. And it seems that we are on the highway. So that is where the situation is now. As I said, whether Israel will be able to achieve what they are claiming to do, I doubt that. But on the other hand, in no way to say that you are in favor of what's happening. The suppression of Hamas ultimately needs to happen in some way if they're not going to come into the pl of if they're not going to foreswear their armed struggle and join in some international see what needs to happen with Hamas. What can you see happening? Well, I think Hamas before October seven is one thing, and Hamas after is a very good point. And so and therefore, I think if they are ready to come to ground, to an agreement and really accept the political platform of the blow, accept the tools of struggle, because this is an important point of difference between us and them, and then there will be a room for talk. Otherwise it's just simply things will continue to be the same. And even Palestinians should not be divided. We have been divided. Unfortunately, Hamas took over Gaza by force in two thousand and seven, and this should not have lasted for seventeen years. And that was the Prime Minister of the Palestinian Authority, Mohammed Staya, speaking with Bloomberg's Israel Bureau chief Ethan Bronner from his offices in the West Bank, and Ethan is here with us now from Tel Aviv. Much of that conversation, much of what we heard there from the Palestinian Prime Minister Ethan sounds so aspirational at this point in the war. What's it going to take to get those aspirations to become reality the day after? Well, hello, Nathan, I would say that it's going to take something superhuman. There is an incredible amount of bad things ahead. First, it's hard to imagine. I mean, there are several points here. One is that many people argue that when there is a massive catastrophe, it can become an opportunity. That terrible wars do lead to opportunities of rebuilding, and that is essentially what Prime Minister's style was trying to say. He's also repeating the Palestinie Authority on the Palestine Liberation Organization's main contentions of recent years about what needs to happen and why it hasn't happened, And one can understand that. I think the problem is that the Israelis are in complete disagreement. At least this Israeli government under Prime Minister Nitanya, who considers Staya and President Abbas to be unreliable partners. They do not want to see They do not imagine that Hamas could be reformed and come in. They want it destroyed. And also the idea that Hamas after October seventh and after this war will be more modern and more reformed, you know, in some ways as counterintuitive. In some ways, what happened on October seventh has been a revival for those who in the Palestine community who believe in armed struggle and who believe in confronting is remlitarily. So, you know, it's a lot of pie in the sky for a lot of people. But so is the Israeli perspective, which is that we're going to destroy Amas and start over with the technocratic leadership that's going to remind us of the UAE. So we have two very contradictory sets of goals and plans, and the US kind of lending a little bit of support to each side, and we'll see where this goes. Yeah, it points to the idea of mediation when you have this kind of massive gap, and this idea that the Palestinian Prime Minister said to you in this interview that the US is working with them on trying to bridge this divide. How invested do you see the US right now and the counteries, even with some of the hostage negotiations that have happened in recent weeks, What is the role of mediation with this kind of massive gap between the Palestinians and the Israelis. Well, let's leave the hostage negotiation and the countries on one side, because that's an immediate need with people whose lives are at stake at this moment, and that's been going on quite intensely. We can talk about it if you like later in terms of a mediation for the day after the war and what's going to be the future of some kind of state of Palestine and what's going to happen in the Holy Land. I mean, there's been mediation from day one, and it has not especially succeeded. You know. I think it's true that right this moment that Palestinian authority and the Israeli government are not in a position to sit down across the table and talk to one another. They have nothing but to contempt for one another, and so some outside help is needed. Now. I think the question is, you know, how much investment is an American government interested in putting in. It's not an easy task. It's not the only thing President Biden has on his agenda, and not just not just internationally but domestically. It's got an election coming up in a year, so it's a little hard to mention. What the United States has done has put together half a dozen people between State, NSC and White House who are talking to the Palestinian authority and the Israelis about this stuff. It's kind of an attempt to lay out a plan so that the day after doesn't come and we got nothing to talk about. We haven't planned anything, but it's a little bit of an act of academic theoretical work, because we don't know when this war will end, or how it will end, or what Gaza will look like. The Prime Minister also talked about Hamasa's presence outside Gaza and the West Bank, Lebanon and elsewhere. Is that a hint that this war could expand beyond Gaza? So I don't think that was his aim, but you're right that it could. I mean, we have his Belah bearing down from the north and from Lebanon on Israel, and there's always that enormous concern. The reason that the United States has sent to battle ship carriers with aircraft carriers to the Mediterranean to send a message to his belah. But I think also the point he was trying to make is that you know, even if you kill everybody who works for Hamas in Gaza, you still have leaders in Katar and in Beirut, so you know, and that it's some from within the fabric of Palestinian society, so that this is an unrealistic goal. He says. This is Bloomberg Daybreak Today, your morning brief on the stories making news from Wall Street to Washington and beyond. Look for us on your podcast feed by six am Eastern each morning, on Apple, Spotify, and anywhere else you get your podcasts. You can also listen live each morning starting at five am Wall Street time on Bloomberg eleven three to zero in New York, Bloomberg ninety nine to one in Washington, Bloomberg one oh six to one in Boston, and Bloomberg ninety sixty in San Francisco. Our flagship New York station is also available on your Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus listen coast to coast on the Bloomberg business app, SERRIUSXM, the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and I'm Amy Morris. Join us again tomorrow morning for all the news you need to start your day right here on Bloomberg Daybreak
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Good morning. 0:00:03.080 --> 0:00:06.040 I'm Nathan Hager and I'm Amy Morris. Here are the 0:00:06.080 --> 0:00:07.680 stories we're following today. 0:00:08.119 --> 0:00:10.760 This morning, we are learning the Palestinian authority is working 0:00:10.800 --> 0:00:14.000 with the US on a plan to run Gaza after 0:00:14.120 --> 0:00:17.759 the fighting ends. Palestinian Prime Minister Mohammad stay I spoke 0:00:17.800 --> 0:00:20.680 with Bloomberg News. He says his preferred outcome would be 0:00:20.720 --> 0:00:23.520 to include Hamas as a junior partner in a post 0:00:23.600 --> 0:00:25.079 war administration. 0:00:25.360 --> 0:00:27.520 If they are ready to come to ground, to an 0:00:27.560 --> 0:00:32.520 agreement and really accept the political platform of the PLO, 0:00:32.640 --> 0:00:36.320 accept the tools of struggle because this is an important 0:00:36.560 --> 0:00:40.480 point of difference between us and them, and then there 0:00:40.520 --> 0:00:44.320 will be a room for talk. Otherwise it's just simply 0:00:44.680 --> 0:00:46.320 things will continue to be the same. 0:00:46.680 --> 0:00:49.519 Prime Minister Mohammad Staya also tells Bloomberg he does not 0:00:49.600 --> 0:00:53.320 believe Hamas can be eradicated by Israel. His comments are 0:00:53.360 --> 0:00:56.200 at odds with the stated aim of Israel's military campaign 0:00:56.280 --> 0:00:59.080 to wipe out the militant group following the deadly October 0:00:59.120 --> 0:01:01.760 seventh terrorist attack. The war in Gaza so far has 0:01:01.840 --> 0:01:04.880 killed more than sixteen thousand Palestinians. That's according to the 0:01:04.920 --> 0:01:06.240 Hamas run Health Ministry. 0:01:07.040 --> 0:01:09.960 Now the major legal news breaking overnight in the US 0:01:10.040 --> 0:01:13.200 that could be a new political headache for President Biden. 0:01:13.480 --> 0:01:16.720 The president's son Hunter has been indicted on nine new 0:01:16.880 --> 0:01:20.160 federal tax charges in Los Angeles. That's on top of 0:01:20.200 --> 0:01:23.080 the federal gun charges he's facing in Delaware. We get 0:01:23.080 --> 0:01:25.640 more from Bloomberg's David Voriakis. 0:01:25.840 --> 0:01:28.920 It expands on an earlier agreement in which he would 0:01:28.920 --> 0:01:32.800 have pleaded guilty in federal court in Delaware and in 0:01:32.920 --> 0:01:37.760 July and avoided prison. Under this indictment, he could theoretically 0:01:37.800 --> 0:01:40.960 be sentenced to as much as seventeen years in prison. 0:01:41.200 --> 0:01:45.560 What government alleges is, I will quote, the defendants spent 0:01:45.680 --> 0:01:49.800 this money on drugs, escorts and girlfriends, luxury hotels and 0:01:49.840 --> 0:01:54.000 rental properties, exotic cars, clothing, and other items of a 0:01:54.040 --> 0:01:57.400 personal nature. In short, everything by his taxi. 0:01:57.920 --> 0:02:01.240 Bloomberg's David Voriaki says. These new charges come as House 0:02:01.280 --> 0:02:05.600 Republicans plan to vote next week on formalizing their impeachment 0:02:05.640 --> 0:02:09.640 inquiry into President. By this latest indictment against Hunter, Biden 0:02:09.880 --> 0:02:12.960 does not offer evidence that the President benefited from or 0:02:13.120 --> 0:02:15.000 was involved in his son's activities. 0:02:15.200 --> 0:02:18.320 Also in the twenty twenty four election, Amy Republican Ron 0:02:18.360 --> 0:02:22.640 DeSantis's campaign is dealing with more disappointing news, as Bloomberg said, 0:02:22.639 --> 0:02:25.680 Baxter reports a fundraising event for the Florida governor tend 0:02:25.680 --> 0:02:26.399 to be canceled. 0:02:26.720 --> 0:02:29.440 About three thousand donors were invited to a Never Back 0:02:29.480 --> 0:02:31.960 Down super Pack lunch and to be held before this 0:02:32.000 --> 0:02:35.160 week's debate. A ten thousand dollars contribution would have given 0:02:35.240 --> 0:02:38.760 donors access to the lunch where Casey Dessentis was scheduled 0:02:38.760 --> 0:02:41.519 to speak, as well as a ticket to the debate itself, 0:02:41.880 --> 0:02:46.240 and an invite to a post debate celebration with a governor. Well, 0:02:47.000 --> 0:02:49.400 just a couple of days prior to the date, Never 0:02:49.520 --> 0:02:54.040 Back Down decided to cancel. Scott Wagner, who leads the pack, 0:02:54.200 --> 0:02:59.200 cited lack of interest. In November, a similar event raised 0:02:59.240 --> 0:03:02.600 one million dollar dollar, aed Baxter, Bloomberg. 0:03:02.240 --> 0:03:05.520 Radio Right, Thank You ed Elsewhere in politics, more fallout 0:03:05.560 --> 0:03:09.040 for those IVY League presidents who struggled to denounce campus 0:03:09.080 --> 0:03:12.080 anti semitism on Capitol Hill this week. The presidents of 0:03:12.120 --> 0:03:16.200 Harvard and the University of Pennsylvania have issued statements clarifying 0:03:16.240 --> 0:03:20.440 their positions, but now investment manager Ross Stevens has withdrawn 0:03:20.560 --> 0:03:23.519 a one hundred million dollar donation that he had planned 0:03:23.520 --> 0:03:26.600 to give to Pen. Those details from Bloomberg's Charlie Pellett. 0:03:27.120 --> 0:03:31.240 Stevens is co founder of stone Ridge Asset Management, and 0:03:31.360 --> 0:03:33.680 he had pledged a stake in the firm to the 0:03:33.760 --> 0:03:37.960 Ivy League University to fund the Stevens Center for Innovation 0:03:38.240 --> 0:03:42.520 in Finance. According to a letter to university officials, Lawyers 0:03:42.600 --> 0:03:46.800 representing the firm said the school had violated anti discrimination 0:03:47.200 --> 0:03:51.160 and anti harassment policies it had accepted in order to 0:03:51.200 --> 0:03:56.000 become an investor in New York. Charlie Pellett Bloomberg Radio. Okay, Charlie, 0:03:56.000 --> 0:03:56.320 thank you. 0:03:56.360 --> 0:03:59.120 Turning to markets, Investors are waiting for a critical data 0:03:59.160 --> 0:04:02.400 point this morning, the November jobs report, coming ahead of 0:04:02.400 --> 0:04:05.440 next week's FED meeting, their last of twenty twenty three. 0:04:05.800 --> 0:04:08.200 Let's get a preview from Bloomberg's Michael McKee. 0:04:08.480 --> 0:04:10.840 We should be seeing signs of a slowing economy in 0:04:10.880 --> 0:04:14.320 the labor market, but economists say not just yet. The 0:04:14.360 --> 0:04:17.480 consensus forecast is November saw the pace of hiring pick up, 0:04:17.520 --> 0:04:21.800 while unemployment was unchanged. About thirty thousand jobs won't be new, 0:04:21.920 --> 0:04:24.320 they will just reflect the return of autoworkers to pay 0:04:24.400 --> 0:04:27.680 rolls after the UAW strike, but hiring in healthcare, leisure 0:04:27.680 --> 0:04:32.400 and hospitality and government should keep healthy numbers Beyond manufacturing, 0:04:32.720 --> 0:04:35.760 markets are pricing a lower than anticipated number. However, so 0:04:35.920 --> 0:04:39.120 strength could lead to higher rates as investors worry the 0:04:39.200 --> 0:04:43.440 FED may not yet be done with rate hikes. Michael McKee, Bloomberg. 0:04:43.080 --> 0:04:46.200 Radio, Mike, thank you. Turning overseas, the Japanese yen has 0:04:46.200 --> 0:04:48.880 surged over the past day. Traders betting the Bank of 0:04:48.960 --> 0:04:52.400 Japan will scrap the world's last negative interest rate regime 0:04:52.640 --> 0:04:56.240 sooner than previously thought the advance and Japanese stocks and 0:04:56.320 --> 0:04:59.240 bonds lower. At one point, the en jumped almost four 0:04:59.279 --> 0:05:03.040 percent against dollar. Checking Japanese currency right now the end 0:05:03.040 --> 0:05:05.880 at one forty four to twenty three against the dollar. 0:05:05.760 --> 0:05:08.560 And elsewhere in Asia, Amy top communist leaders in China 0:05:08.640 --> 0:05:11.680 are promising to strengthen fiscal policy and boost demand while 0:05:11.680 --> 0:05:15.920 implementing a flexible and targeted monetary policy. China's state run 0:05:15.960 --> 0:05:19.159 news agency reports officials dropped the word forceful, which was 0:05:19.200 --> 0:05:22.119 included in previous policy. This came at a meeting chaired 0:05:22.120 --> 0:05:24.839 by Chinese President Shi Jinping and. 0:05:24.839 --> 0:05:27.520 In corporate news. Back here in the US, the shakeup 0:05:27.600 --> 0:05:31.840 continues at Spotify. Chief financial officer Paul Vogel is departing 0:05:32.040 --> 0:05:35.120 after we'd already heard Spotify's head of marketing is heading 0:05:35.120 --> 0:05:39.000 for the exits. The streaming company announced widespread layoffs earlier 0:05:39.040 --> 0:05:42.239 this week, totally about fifteen hundred jobs. 0:05:46.040 --> 0:05:47.560 And now we'll joining us with a look at some 0:05:47.600 --> 0:05:49.599 of those other stories making news around the world. We 0:05:49.640 --> 0:05:52.360 bring in Bloomberg's Michael Barr Good Friday morning. 0:05:52.400 --> 0:05:53.800 Michael, Good morning to you. 0:05:53.960 --> 0:05:54.279 Nathan. 0:05:54.360 --> 0:05:57.720 Gunfire outside of Jewish synagogue and upstate New York. It's 0:05:57.760 --> 0:06:01.800 being investigated as a possible hate crime. Police said shots 0:06:01.839 --> 0:06:05.279 were fired outside Temple Israel in Albany just hours before 0:06:05.279 --> 0:06:09.080 the start of Honkkah. The synagogue's preschool was in session 0:06:09.200 --> 0:06:13.200 and put on lockdown. Nobody was hurt. Very angry and frustrated. 0:06:13.240 --> 0:06:16.440 Governor Kathy Hochel spoke out last night about the incident. 0:06:17.640 --> 0:06:22.000 Any act of anti Semitism is unacceptable and undermine the 0:06:22.000 --> 0:06:23.600 public safety at our synagogue. 0:06:23.640 --> 0:06:27.400 The first night of Hanukah is even more deplorable. 0:06:27.760 --> 0:06:30.320 Authorities took a twenty eight year old man in custody 0:06:30.320 --> 0:06:34.000 for allegedly firing two rounds from a shotgun. Meanwhile, the 0:06:34.080 --> 0:06:37.359 National Manora on the ellipse by the White House was 0:06:37.400 --> 0:06:40.919 also lit last night. Since the October seventh start of 0:06:40.960 --> 0:06:44.760 the Israel Hamas War, law enforcement agencies have warned of 0:06:44.760 --> 0:06:48.960 a spike in anti Semitic and Islamophobic crimes in the US. 0:06:49.560 --> 0:06:52.360 Police said gunman who killed three faculty members at the 0:06:52.440 --> 0:06:56.200 University of Nevada, Las Vegas was an unemployed professor who 0:06:56.400 --> 0:07:01.000 stuffed his waistband with ammunition before beginning the attack. Authority 0:07:01.080 --> 0:07:04.640 say sixty seven year old Anthony Polito brought a list 0:07:04.680 --> 0:07:08.920 of targets, although those shot weren't on that list. Sheriff 0:07:09.000 --> 0:07:13.440 Kevin mcmahill with the Las Vegas Metropolitan Police. 0:07:13.160 --> 0:07:17.440 Polino was armed with the Taurus nine millimeter handgun. He 0:07:17.480 --> 0:07:21.760 had brought eleven magazines to the scene with him. Nine 0:07:22.000 --> 0:07:25.920 loaded magazines were found on his person after the shooting. 0:07:26.560 --> 0:07:29.960 Polito died in a shootout with police Wednesday, minutes after 0:07:30.040 --> 0:07:33.360 opening fire inside of building housing a business school. A 0:07:33.400 --> 0:07:38.280 fourth victim of visiting professor is hospitalized with life threatening injuries. 0:07:38.560 --> 0:07:40.840 The White House says it is troubled by the Senate's 0:07:40.840 --> 0:07:44.239 failure to move forward on a supplemental budget request. White 0:07:44.240 --> 0:07:47.400 House National Security Council spokesman John Kirby says time he 0:07:47.520 --> 0:07:50.000 is running out to provide more a to Ukraine in 0:07:50.040 --> 0:07:51.200 its fight against Russia. 0:07:51.760 --> 0:07:56.000 We've got a few more weeks here and then we're 0:07:56.000 --> 0:07:58.480 out of Schlitz when it comes to help in Ukraine 0:07:58.560 --> 0:08:00.800 with this kind of securities systems, so that we've been 0:08:00.800 --> 0:08:04.600 able to provide, and that's just that that should be 0:08:04.680 --> 0:08:06.920 unacceptable to everybody. 0:08:06.400 --> 0:08:10.400 Admiral Kirby says. The emergency request, which also includes funding 0:08:10.440 --> 0:08:13.600 for Israel and US border securities, being held up by 0:08:13.600 --> 0:08:17.200 a small number of Republicans demanding what President Biden describes 0:08:17.240 --> 0:08:21.040 as extreme border policies. Global news twenty four hours a 0:08:21.120 --> 0:08:23.240 day and whenever you want it with the Bloomberg News Now, 0:08:23.480 --> 0:08:25.800 I'm Michael Barr, and this is Bloomberg. 0:08:25.360 --> 0:08:28.400 Gaming and Mike, we can get much more Bloomberg News 0:08:28.480 --> 0:08:31.640 right on your dashboard. The new Bloomberg Business app features 0:08:31.680 --> 0:08:35.880 Apple Car Play, Android Auto. Get all the offerings that 0:08:35.920 --> 0:08:38.920 we have on Bloomberg right in your car. Download the 0:08:38.960 --> 0:08:42.679 Bloomberg Business App from the Apple App Store or Google Plays. 0:08:42.679 --> 0:08:50.920 Presented by our sponsor Interactive Brokers, time now for the 0:08:50.920 --> 0:08:53.320 Bloomberg Sports Update, brought to you by Tri State OUTI. 0:08:53.520 --> 0:08:54.800 Good morning, John stash Hour. 0:08:54.679 --> 0:08:55.400 Good morning Nathan. 0:08:55.440 --> 0:08:58.400 When golfers began to leave the PGA Tour for the 0:08:58.440 --> 0:09:01.840 new Live Tour, John Rahm was outspoken against the idea. 0:09:01.880 --> 0:09:03.720 He said he doesn't play golf for the money, but 0:09:03.800 --> 0:09:06.040 for the love of the game. Rom just joined the 0:09:06.080 --> 0:09:07.840 Live Tour for a deal. It'll get him north of 0:09:07.920 --> 0:09:10.439 three hundred million dollars. He's ranked third in the world. 0:09:10.480 --> 0:09:13.760 The reigning Masters champ upset of the AFC Patriots was 0:09:13.840 --> 0:09:16.160 just their third win of the season, first in six weeks. 0:09:16.200 --> 0:09:18.280 They built up a twenty one to three lead midway 0:09:18.320 --> 0:09:20.880 through the second quarter went on to win in Pittsburgh 0:09:20.960 --> 0:09:24.240 twenty one to eighteen Bailey's zappy through three touchdown passes. 0:09:24.280 --> 0:09:26.840 It'll be the Pacers and Lakers tomorrow night in Las 0:09:26.920 --> 0:09:30.600 Vegas Championship game of the NBA's inaugural in season tournament. 0:09:30.679 --> 0:09:33.440 Indiana beat Milwaukee and the Lakers blew out New Orleans 0:09:33.520 --> 0:09:36.880 Islanders a seven three home win over Columbus. Devil's won 0:09:36.920 --> 0:09:39.280 two to one at Seattle. Aaron Judge was on ABC 0:09:40.000 --> 0:09:42.680 asked his reaction to the acquisition of his new teammate, 0:09:42.800 --> 0:09:43.560 Juan Soda. 0:09:44.320 --> 0:09:44.920 I'm excited. 0:09:45.000 --> 0:09:46.000 I'm excited. 0:09:46.040 --> 0:09:46.200 You know. 0:09:46.280 --> 0:09:47.959 It's he's a generational talent. 0:09:48.040 --> 0:09:48.160 You know. 0:09:48.200 --> 0:09:50.680 We gave up quite a few, you know, special pitchers 0:09:51.640 --> 0:09:55.640 in the package. But I think everybody, everybody in Pinchrofts 0:09:55.720 --> 0:09:58.080 is looking forward to having won Sodo Grissom, you know, 0:09:58.200 --> 0:10:00.679 for do all those guys, you know, and so it's 0:10:00.679 --> 0:10:02.240 going to be a fun year. 0:10:02.360 --> 0:10:04.680 GM Brian Cashman said the Yankees are in it to 0:10:04.760 --> 0:10:07.000 win it. He says signing having Soto on the team 0:10:07.080 --> 0:10:09.200 this season could help their chances of signing them to 0:10:09.200 --> 0:10:11.000 a long term deal. He's due to be a free agent. 0:10:11.080 --> 0:10:13.679 Cashman on Monday will be in California to meet with 0:10:13.800 --> 0:10:17.600 Japanese free agent picture Yashinobu Yamamoto, and the Mets also 0:10:17.600 --> 0:10:19.760 want to sign him. The Orioles have been owned by 0:10:19.760 --> 0:10:22.720 the Angelos family since nineteen ninety three of Bloomberg report 0:10:22.720 --> 0:10:25.080 that they could be for sale and in talks with 0:10:25.120 --> 0:10:28.679 billionaire and Baltimore native David rubenstaff doms dash Ellen. 0:10:28.800 --> 0:10:30.360 Bloomberg sports. 0:10:32.000 --> 0:10:35.000 From coast to coast, from New York to San Francisco, 0:10:35.320 --> 0:10:40.400 Boston to Washington, DC, nationwide on Sirisxam, the Bloomberg Business 0:10:40.400 --> 0:10:42.000 app in Bloomberg dot Com. 0:10:42.240 --> 0:10:47.440 This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. What 0:10:47.600 --> 0:10:51.680 comes the day after Israel's war with Hamas. The Palestinian 0:10:51.720 --> 0:10:53.960 authority says it is working with the US on a 0:10:54.000 --> 0:10:57.120 plan to run the Gaza strip after the fighting ends. 0:10:57.520 --> 0:11:00.760 One of its top leaders argues Israel's aim to fully 0:11:00.760 --> 0:11:05.160 defeat the Palestinian militant group Hamas is unrealistic. Palestinian Prime 0:11:05.160 --> 0:11:08.960 Minister Mohammad Staya says his preferred outcome would be for 0:11:09.000 --> 0:11:13.439 Hamas to become a junior partner under the Palestine Liberation Organization, 0:11:13.600 --> 0:11:16.680 helping to build a new independent state that includes the 0:11:16.679 --> 0:11:21.080 West Bank, Gaza, and East Jerusalem. Mohammed Staya spoke with 0:11:21.080 --> 0:11:23.680 Bloomberg's Ethan Branner from his office in the West Bank. 0:11:23.920 --> 0:11:26.880 Gaza is an integral part of the state of Banistlin right, 0:11:27.080 --> 0:11:31.000 and the Balestinian territory includes Gaza, West Bank and Jerusalem. 0:11:31.040 --> 0:11:33.920 So when we talk about two states, the geography of 0:11:33.960 --> 0:11:37.920 the two states is Gaza, Jerusalem and the West Bank. 0:11:38.320 --> 0:11:42.920 So this integral part of the Balistina territory should always 0:11:43.000 --> 0:11:44.240 be there is there. 0:11:44.080 --> 0:11:49.559 A fear of going in after this operation by Israel 0:11:49.600 --> 0:11:51.680 that you're sort of following in on their tanks. 0:11:51.840 --> 0:11:52.760 We start a concern. 0:11:52.880 --> 0:11:55.080 We said that we are not going to go there 0:11:55.240 --> 0:11:58.800 on and Israelian militia what does it mean. It means 0:11:58.840 --> 0:12:03.120 that for us there has to be an arrangement. Our 0:12:03.240 --> 0:12:08.400 people are there and we need to put together structure 0:12:08.840 --> 0:12:11.240 and we need to put together a mechanism. This is 0:12:11.240 --> 0:12:14.439 something that we are working on with the international community 0:12:14.840 --> 0:12:18.040 in order for us to make it possible. There were 0:12:18.240 --> 0:12:22.839 there will be huge needs in terms of relief, reconstruction, 0:12:23.600 --> 0:12:25.520 to remedy the wounds, and. 0:12:25.800 --> 0:12:27.280 Are you ready to take that on? 0:12:29.000 --> 0:12:32.880 Not by ourselves, I mean, obviously we need international assistance, 0:12:33.080 --> 0:12:33.400 but this. 0:12:33.440 --> 0:12:36.560 Is your plan, your planners that the PA would when 0:12:36.559 --> 0:12:42.400 this thing ends, be the kind of vehicle for rebuilding Gaza. 0:12:41.760 --> 0:12:46.520 By all means. Look, when Israel encouraged into Gaza in 0:12:46.559 --> 0:12:51.920 twenty fourteen, who did all the reconstruction, and we were 0:12:52.000 --> 0:12:57.680 still reconstructing Gaza. Most of the most of aspects of 0:12:57.880 --> 0:13:01.440 infrastructure has been actually built by the Palatina Authority, and 0:13:01.520 --> 0:13:04.440 even before the war, I should tell you that there 0:13:04.520 --> 0:13:08.800 were there under implementation a total value of eight hundred 0:13:08.840 --> 0:13:12.520 million dollars of infrastructure projects, that is and that has 0:13:12.600 --> 0:13:18.840 been under implementation by US roads, hospitals, water networks, electricity, 0:13:18.880 --> 0:13:22.440 desalination plants and so on. So we, as I told you, 0:13:22.480 --> 0:13:26.079 we never abandoned Gaza. We never left Gaza. So now 0:13:26.320 --> 0:13:30.240 any day after it should also include a package of 0:13:30.280 --> 0:13:33.520 assistance with the full engagement of the international community, because 0:13:34.240 --> 0:13:35.600 ourselves we cannot do it. 0:13:36.240 --> 0:13:36.559 A lot. 0:13:37.280 --> 0:13:42.200 The relationship between the PA and Hammas is very complicated. 0:13:42.240 --> 0:13:44.960 It's been there was after all, civil war, as you 0:13:45.000 --> 0:13:48.480 said in two thousand and seven. But the Israeli say 0:13:48.520 --> 0:13:51.200 they want to eradicate Hamas. 0:13:51.840 --> 0:13:55.439 Is that a goal that is achievable? 0:13:55.800 --> 0:13:56.520 Can you do it? 0:13:57.080 --> 0:14:00.440 First of all, you know, we tried four times or 0:14:00.520 --> 0:14:04.560 more to come to an agreement with Hamas, but it 0:14:04.640 --> 0:14:09.880 didn't work and correct and we signed four agreements. Unfortunately 0:14:10.440 --> 0:14:13.800 none of them was ever implemented by them by them, 0:14:14.280 --> 0:14:17.920 and recently we have had a dialogue in Egypt and 0:14:18.040 --> 0:14:21.160 an almen and we agreed on certain issues, we did 0:14:21.400 --> 0:14:24.360 disagree on a number of issues, and we did form 0:14:24.400 --> 0:14:27.280 a committee to keep them engaged. That was the idea, 0:14:27.880 --> 0:14:30.680 but unfortunately all these sort of things has happened, and 0:14:30.720 --> 0:14:33.480 then now things are going in a totally different direction. 0:14:34.160 --> 0:14:34.360 Now. 0:14:34.400 --> 0:14:36.960 For Israel to say that they are going to eradicate 0:14:37.120 --> 0:14:40.600 or eliminate Hamas, I don't think that's a possible goal 0:14:40.680 --> 0:14:44.280 to achieve simply because Hamas is not in Gaza only 0:14:44.320 --> 0:14:49.080 Hamas is in Libanon. Hamas in leadership, everybody knows in Kata, 0:14:49.280 --> 0:14:51.760 and they're here in the Wost Bank and so on 0:14:51.800 --> 0:14:55.960 and so forth. So what is needed really is a 0:14:56.000 --> 0:15:01.280 situation in which that Palestinian unity should be be allowed 0:15:01.280 --> 0:15:06.200 to function on very clear the bonds and agenda. We 0:15:06.400 --> 0:15:09.560 did put together certain bonds for Hamas to accept, they 0:15:09.600 --> 0:15:13.640 never accept it, including the recognition of international legitimacy, United 0:15:13.720 --> 0:15:17.000 National Resolutions, be a LO commitments and so on and 0:15:17.040 --> 0:15:19.600 so forth. We even invited Hamas to become part of 0:15:19.640 --> 0:15:22.880 the Ballistini and Balistan Liberation organ They never wanted to. 0:15:23.360 --> 0:15:26.640 Hamas wanted to take things their own way, either their 0:15:26.680 --> 0:15:28.880 way or the highway. And it seems that we are 0:15:28.880 --> 0:15:32.880 on the highway. So that is where the situation is now. 0:15:33.640 --> 0:15:38.960 As I said, whether Israel will be able to achieve 0:15:39.000 --> 0:15:41.280 what they are claiming to do, I doubt that. 0:15:41.680 --> 0:15:44.800 But on the other hand, in no way to say 0:15:44.800 --> 0:15:48.480 that you are in favor of what's happening. The suppression 0:15:48.520 --> 0:15:51.800 of Hamas ultimately needs to happen in some way if 0:15:51.840 --> 0:15:53.640 they're not going to come into the pl of if 0:15:53.640 --> 0:15:58.800 they're not going to foreswear their armed struggle and join 0:15:58.920 --> 0:16:02.400 in some international see what needs to happen with Hamas. 0:16:02.760 --> 0:16:03.960 What can you see happening? 0:16:04.160 --> 0:16:08.120 Well, I think Hamas before October seven is one thing, 0:16:08.200 --> 0:16:09.200 and Hamas. 0:16:08.800 --> 0:16:10.200 After is a very good point. 0:16:10.320 --> 0:16:13.840 And so and therefore, I think if they are ready 0:16:13.880 --> 0:16:17.600 to come to ground, to an agreement and really accept 0:16:17.760 --> 0:16:23.880 the political platform of the blow, accept the tools of struggle, 0:16:24.120 --> 0:16:27.800 because this is an important point of difference between us 0:16:27.800 --> 0:16:31.720 and them, and then there will be a room for talk. 0:16:31.840 --> 0:16:36.440 Otherwise it's just simply things will continue to be the same. 0:16:36.480 --> 0:16:41.800 And even Palestinians should not be divided. We have been divided. Unfortunately, 0:16:41.960 --> 0:16:46.040 Hamas took over Gaza by force in two thousand and seven, 0:16:46.080 --> 0:16:49.000 and this should not have lasted for seventeen years. 0:16:49.720 --> 0:16:53.120 And that was the Prime Minister of the Palestinian Authority, 0:16:53.160 --> 0:16:57.480 Mohammed Staya, speaking with Bloomberg's Israel Bureau chief Ethan Bronner 0:16:57.840 --> 0:17:00.520 from his offices in the West Bank, and Ethan is 0:17:00.560 --> 0:17:04.680 here with us now from Tel Aviv. Much of that conversation, 0:17:04.840 --> 0:17:07.400 much of what we heard there from the Palestinian Prime 0:17:07.440 --> 0:17:12.600 Minister Ethan sounds so aspirational at this point in the war. 0:17:13.040 --> 0:17:15.760 What's it going to take to get those aspirations to 0:17:15.800 --> 0:17:17.720 become reality the day after? 0:17:19.320 --> 0:17:21.840 Well, hello, Nathan, I would say that it's going to 0:17:21.880 --> 0:17:27.920 take something superhuman. There is an incredible amount of bad 0:17:27.960 --> 0:17:31.480 things ahead. First, it's hard to imagine. I mean, there 0:17:31.480 --> 0:17:34.840 are several points here. One is that many people argue 0:17:34.840 --> 0:17:38.119 that when there is a massive catastrophe, it can become 0:17:38.200 --> 0:17:43.000 an opportunity. That terrible wars do lead to opportunities of rebuilding, 0:17:43.040 --> 0:17:46.359 and that is essentially what Prime Minister's style was trying 0:17:46.400 --> 0:17:49.760 to say. He's also repeating the Palestinie Authority on the 0:17:49.760 --> 0:17:55.119 Palestine Liberation Organization's main contentions of recent years about what 0:17:55.280 --> 0:17:58.320 needs to happen and why it hasn't happened, And one 0:17:58.359 --> 0:18:01.480 can understand that. I think the problem is that the 0:18:01.680 --> 0:18:06.280 Israelis are in complete disagreement. At least this Israeli government 0:18:06.400 --> 0:18:11.920 under Prime Minister Nitanya, who considers Staya and President Abbas 0:18:12.040 --> 0:18:15.520 to be unreliable partners. They do not want to see 0:18:16.040 --> 0:18:18.560 They do not imagine that Hamas could be reformed and 0:18:18.680 --> 0:18:23.120 come in. They want it destroyed. And also the idea 0:18:23.280 --> 0:18:27.800 that Hamas after October seventh and after this war will 0:18:27.880 --> 0:18:30.719 be more modern and more reformed, you know, in some 0:18:30.760 --> 0:18:33.760 ways as counterintuitive. In some ways, what happened on October 0:18:33.880 --> 0:18:37.960 seventh has been a revival for those who in the 0:18:37.960 --> 0:18:40.920 Palestine community who believe in armed struggle and who believe 0:18:40.960 --> 0:18:44.840 in confronting is remlitarily. So, you know, it's a lot 0:18:44.880 --> 0:18:47.280 of pie in the sky for a lot of people. 0:18:47.320 --> 0:18:49.760 But so is the Israeli perspective, which is that we're 0:18:49.800 --> 0:18:53.400 going to destroy Amas and start over with the technocratic 0:18:53.480 --> 0:18:56.040 leadership that's going to remind us of the UAE. So 0:18:56.280 --> 0:19:01.960 we have two very contradictory sets of goals and plans, 0:19:02.240 --> 0:19:04.639 and the US kind of lending a little bit of 0:19:04.640 --> 0:19:08.320 support to each side, and we'll see where this goes. 0:19:08.760 --> 0:19:12.879 Yeah, it points to the idea of mediation when you 0:19:12.960 --> 0:19:15.400 have this kind of massive gap, and this idea that 0:19:15.680 --> 0:19:19.560 the Palestinian Prime Minister said to you in this interview 0:19:19.600 --> 0:19:22.439 that the US is working with them on trying to 0:19:22.480 --> 0:19:26.320 bridge this divide. How invested do you see the US 0:19:26.760 --> 0:19:29.760 right now and the counteries, even with some of the 0:19:29.760 --> 0:19:32.720 hostage negotiations that have happened in recent weeks, What is 0:19:32.720 --> 0:19:36.280 the role of mediation with this kind of massive gap 0:19:36.320 --> 0:19:38.640 between the Palestinians and the Israelis. 0:19:39.640 --> 0:19:42.600 Well, let's leave the hostage negotiation and the countries on 0:19:42.600 --> 0:19:46.080 one side, because that's an immediate need with people whose 0:19:46.119 --> 0:19:48.600 lives are at stake at this moment, and that's been 0:19:48.640 --> 0:19:50.719 going on quite intensely. We can talk about it if 0:19:50.760 --> 0:19:54.159 you like later in terms of a mediation for the 0:19:54.280 --> 0:19:56.600 day after the war and what's going to be the 0:19:56.640 --> 0:20:00.160 future of some kind of state of Palestine and what's 0:20:00.160 --> 0:20:02.240 going to happen in the Holy Land. I mean, there's 0:20:02.280 --> 0:20:07.159 been mediation from day one, and it has not especially succeeded. 0:20:08.240 --> 0:20:08.479 You know. 0:20:09.320 --> 0:20:12.359 I think it's true that right this moment that Palestinian 0:20:12.520 --> 0:20:15.439 authority and the Israeli government are not in a position 0:20:15.480 --> 0:20:17.720 to sit down across the table and talk to one another. 0:20:17.800 --> 0:20:21.119 They have nothing but to contempt for one another, and 0:20:21.200 --> 0:20:23.119 so some outside help is needed. 0:20:23.240 --> 0:20:23.400 Now. 0:20:23.480 --> 0:20:27.720 I think the question is, you know, how much investment 0:20:28.000 --> 0:20:31.040 is an American government interested in putting in. It's not 0:20:31.080 --> 0:20:34.359 an easy task. It's not the only thing President Biden 0:20:34.520 --> 0:20:38.960 has on his agenda, and not just not just internationally 0:20:39.000 --> 0:20:42.000 but domestically. It's got an election coming up in a year, 0:20:42.119 --> 0:20:45.240 so it's a little hard to mention. What the United 0:20:45.240 --> 0:20:48.200 States has done has put together half a dozen people 0:20:48.280 --> 0:20:52.720 between State, NSC and White House who are talking to 0:20:53.359 --> 0:20:56.960 the Palestinian authority and the Israelis about this stuff. It's 0:20:57.080 --> 0:21:00.479 kind of an attempt to lay out a plan so 0:21:00.520 --> 0:21:02.800 that the day after doesn't come and we got nothing 0:21:02.840 --> 0:21:05.720 to talk about. We haven't planned anything, but it's a 0:21:05.760 --> 0:21:09.920 little bit of an act of academic theoretical work, because 0:21:09.960 --> 0:21:12.040 we don't know when this war will end, or how 0:21:12.080 --> 0:21:14.240 it will end, or what Gaza will look like. 0:21:15.280 --> 0:21:19.119 The Prime Minister also talked about Hamasa's presence outside Gaza 0:21:19.160 --> 0:21:22.000 and the West Bank, Lebanon and elsewhere. Is that a 0:21:22.119 --> 0:21:26.480 hint that this war could expand beyond Gaza? 0:21:27.640 --> 0:21:29.840 So I don't think that was his aim, but you're 0:21:29.920 --> 0:21:32.160 right that it could. I mean, we have his Belah 0:21:32.840 --> 0:21:36.119 bearing down from the north and from Lebanon on Israel, 0:21:36.160 --> 0:21:39.040 and there's always that enormous concern. The reason that the 0:21:39.119 --> 0:21:43.600 United States has sent to battle ship carriers with aircraft 0:21:43.600 --> 0:21:47.200 carriers to the Mediterranean to send a message to his belah. 0:21:47.440 --> 0:21:49.520 But I think also the point he was trying to 0:21:49.560 --> 0:21:51.879 make is that you know, even if you kill everybody 0:21:51.880 --> 0:21:55.560 who works for Hamas in Gaza, you still have leaders 0:21:55.600 --> 0:21:59.280 in Katar and in Beirut, so you know, and that 0:21:59.359 --> 0:22:02.520 it's some from within the fabric of Palestinian society, so 0:22:02.680 --> 0:22:05.480 that this is an unrealistic goal. He says. 0:22:08.080 --> 0:22:11.119 This is Bloomberg Daybreak Today, your morning brief on the 0:22:11.160 --> 0:22:14.680 stories making news from Wall Street to Washington and beyond. 0:22:14.720 --> 0:22:17.720 Look for us on your podcast feed by six am 0:22:17.840 --> 0:22:22.000 Eastern each morning, on Apple, Spotify, and anywhere else you 0:22:22.080 --> 0:22:23.200 get your podcasts. 0:22:23.480 --> 0:22:26.160 You can also listen live each morning starting at five 0:22:26.200 --> 0:22:28.800 am Wall Street time on Bloomberg eleven three to zero 0:22:28.840 --> 0:22:31.680 in New York, Bloomberg ninety nine to one in Washington, 0:22:31.800 --> 0:22:34.680 Bloomberg one oh six to one in Boston, and Bloomberg 0:22:34.760 --> 0:22:36.439 ninety sixty in San Francisco. 0:22:37.040 --> 0:22:40.600 Our flagship New York station is also available on your 0:22:40.720 --> 0:22:46.120 Amazon Alexa devices. 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