Florida Braces for Hurricane Milton; Middle East Latest

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:10.880 --> 0:00:13.840 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.880 --> 0:00:14.680 following today. 0:00:14.880 --> 0:00:16.919 Karen, we begin with a developing story in the Gulf 0:00:17.000 --> 0:00:20.439 of Mexico, Hurricane Milton. It is set to approach the 0:00:20.480 --> 0:00:23.520 Florida Peninsula tomorrow, with wedds of up to one hundred 0:00:23.560 --> 0:00:26.599 and fifty five miles per hour bearing down on a 0:00:26.640 --> 0:00:29.680 region that is still struggling to recover from the devastation 0:00:29.720 --> 0:00:33.080 wrought by Hurricane Helene. We get more on this category 0:00:33.120 --> 0:00:35.760 four storm from Bloomberg meteorologists Drob Carolyn. 0:00:36.080 --> 0:00:39.280 Milton is passing just north of the Yucatan Peninsula this morning. 0:00:39.280 --> 0:00:41.760 It's about five hundred and eighty miles to the southwest 0:00:41.800 --> 0:00:44.479 of Tampa, moving east at nine miles an hour. It 0:00:44.560 --> 0:00:47.000 did weaken a little bit overnight. That's because we've seen 0:00:47.000 --> 0:00:50.120 an eyewall replacement cycle. Looks like the hurricane is in 0:00:50.159 --> 0:00:52.360 the process of growing a little bit larger. It's a 0:00:52.440 --> 0:00:55.040 very small system, but it will be getting larger by 0:00:55.080 --> 0:00:57.560 the time it reaches the west coast of Florida Wednesday night. 0:00:57.880 --> 0:00:59.920 We do think some weakening will occur due to win 0:01:00.160 --> 0:01:02.400 sheer and in training dry air during the day on 0:01:02.440 --> 0:01:05.000 Wednesday as it moves into the eastern Gulf of Mexico. 0:01:05.480 --> 0:01:08.560 I'm Rob Carrollvin Bloomberg Radio. Okay, Rob, thank you. 0:01:08.560 --> 0:01:11.360 Now, it isn't clear exactly where in Florida Milton will 0:01:11.400 --> 0:01:14.840 make landfall. The computer forecast models are at odds, but 0:01:14.880 --> 0:01:17.200 the National Hurricane Center says errors of as much of 0:01:17.240 --> 0:01:20.120 as one hundred miles are possible in the days before 0:01:20.160 --> 0:01:21.440 a storm comes Ashore. 0:01:21.840 --> 0:01:23.920 Well, Nathan, we want to turn now to the Middle East. 0:01:23.920 --> 0:01:27.000 In Israel's multi front conflict with I run Back militias 0:01:27.040 --> 0:01:29.399 is now entering its second year with little end in 0:01:29.480 --> 0:01:33.160 the site. Israel continues to target Beerroot's southernes suburbs, and 0:01:33.200 --> 0:01:36.600 the military is telling people along Lebanon's coast to evacuate 0:01:36.959 --> 0:01:40.320 as Israel continues to go after Hesbelah begin more from 0:01:40.360 --> 0:01:43.480 Stuart Livingstone Wallace, head of Middle East and North Africa 0:01:43.560 --> 0:01:45.000 coverage for Bloomberg News. 0:01:45.520 --> 0:01:48.480 It feels like an expansion of the existing campaign. So, yes, 0:01:48.520 --> 0:01:51.440 it's continuation, but you just think about the situation on 0:01:51.480 --> 0:01:54.880 the ground. Yes, most of the strikes have gone into 0:01:55.120 --> 0:01:57.480 southern Bay. Ruth has well the stronghold the Bekhal Valley. 0:01:58.440 --> 0:02:01.560 We obviously did see that bomba of the link between 0:02:01.960 --> 0:02:04.960 Lebanon and Syria, and that is concerning given the number 0:02:04.960 --> 0:02:06.960 of people that are trying to get out of the country, 0:02:07.600 --> 0:02:09.760 and now if you have some sort of naval operation 0:02:09.919 --> 0:02:12.760 going on to the west. But again, it just sort 0:02:12.800 --> 0:02:15.359 of speaks to almost this encirclement that's going on. 0:02:15.720 --> 0:02:19.600 And Bloomberg Stewart Livingstone Wallace reports Israel's defense minister, you 0:02:19.680 --> 0:02:22.440 have Golaud, will be in Washington tomorrow as the country 0:02:22.440 --> 0:02:25.160 continues to weigh its response to a rounds ballistic missile 0:02:25.160 --> 0:02:28.520 attack last week. President Biden has ursed Israel not to 0:02:28.600 --> 0:02:32.080 target arounds, nuclear or oil infrastructure out of concern it 0:02:32.120 --> 0:02:35.240 could spark a wider war and push up energy prices. 0:02:35.360 --> 0:02:38.360 Well, Karen, both presidential candidates marked one year since the 0:02:38.440 --> 0:02:42.519 deadliest attack on Jews since the Holocaust. Donald Trump held 0:02:42.520 --> 0:02:45.240 a remembrance event at his Durral golf resort in Miami. 0:02:45.600 --> 0:02:49.639 The anti Jewish hatred has returned even here in America 0:02:49.680 --> 0:02:53.360 and our streets, our media, and our college campuses, and 0:02:53.400 --> 0:02:57.320 within the ranks of the Democrat Party in particular, not 0:02:57.480 --> 0:03:00.160 in the Republican Party I will tell you that it's 0:03:00.160 --> 0:03:01.639 not in the Republican Party. 0:03:02.560 --> 0:03:05.240 The former president also said the election would not only 0:03:05.280 --> 0:03:06.959 be the most important day in the history of the 0:03:07.040 --> 0:03:11.160 United States, but also in Israel. Earlier, Vice President Kamala 0:03:11.200 --> 0:03:13.920 Harris planted a pomegranate tree in memory of the victims 0:03:13.919 --> 0:03:16.600 at her official residence in Washington. She said the world 0:03:16.720 --> 0:03:19.760 must never forget October seventh and Nathan. 0:03:19.800 --> 0:03:22.160 The relationship between the US and Israel was a key 0:03:22.200 --> 0:03:26.160 discussion point in Vice President Kamala Harris's interview with CBS's 0:03:26.200 --> 0:03:29.560 Bill Whittaker on sixty Minutes. Harris was asked whether Prime 0:03:29.600 --> 0:03:32.880 Minister Benjamin Ettanya, who remains a close ally of the US, 0:03:33.280 --> 0:03:33.600 with all. 0:03:33.600 --> 0:03:36.400 Due respect, the better question is do we have an 0:03:36.400 --> 0:03:40.520 important alliance between the American people and the Israeli people? 0:03:40.680 --> 0:03:43.119 And the answer to that question is yes. 0:03:43.120 --> 0:03:47.000 Vice President Harris, as the administration continues negotiations with Israel 0:03:47.040 --> 0:03:50.080 with the aim of ending the war and bringing hostages home. 0:03:50.360 --> 0:03:53.640 And the geopolitical discussion on sixty Minutes also focused on 0:03:53.680 --> 0:03:56.320 the war in Ukraine. Karen Kamala Harris found Kiev's leaders 0:03:56.360 --> 0:03:59.960 would be part of any US negotiation with Russian President 0:04:00.080 --> 0:04:01.880 Vladimir Putin who end that conflict. 0:04:02.040 --> 0:04:05.080 There will be no success in ending that war without 0:04:05.280 --> 0:04:09.440 Ukraine and the UN Charter participating in what that success 0:04:09.520 --> 0:04:09.960 looks like. 0:04:10.080 --> 0:04:14.200 Would you meet with President Vladimir Putin to negotiate a 0:04:14.200 --> 0:04:16.839 solution to the war in Ukraine. 0:04:16.440 --> 0:04:22.719 Not bilaterally without Ukraine. No, Ukraine must have a say 0:04:22.800 --> 0:04:24.240 in the future of Ukraine. 0:04:24.560 --> 0:04:27.040 Kamala Harris declined to say if she would support Ukraine's 0:04:27.040 --> 0:04:30.680 push to join NATO if elected. Ukrainian President Vladimir Zelenski 0:04:30.720 --> 0:04:33.760 has sought to secure a US invitation to join NATO, 0:04:34.000 --> 0:04:36.840 thinking it would provide leverage to negotiate an end to 0:04:36.920 --> 0:04:37.760 the fighting. 0:04:37.880 --> 0:04:41.560 And Nathan the Vice President, also discussed her economic proposals 0:04:41.600 --> 0:04:44.600 on Sixty Minutes. Harris said she would expand text credits 0:04:44.640 --> 0:04:47.200 for parents and first time home buyers, and she talked 0:04:47.200 --> 0:04:48.720 about how she'd pay for it. 0:04:49.160 --> 0:04:51.760 I'm going to make sure that the richest among us 0:04:51.960 --> 0:04:55.800 who can afford it, pay their fair share in taxes. 0:04:57.120 --> 0:05:01.680 Right that teachers and nurses and firefighters are paying a 0:05:02.040 --> 0:05:05.760 higher tax rate than billionaires and the biggest corporations. 0:05:06.320 --> 0:05:10.080 Vice President Harris insisted, even with opposition, she get her 0:05:10.120 --> 0:05:13.839 proposals through Congress. In addition to the economy, Harris discussed 0:05:13.839 --> 0:05:17.200 the southern border, calling on Congress to act in pass legislation. 0:05:17.560 --> 0:05:20.800 When asked whether the Body and administration's border strategy has 0:05:20.839 --> 0:05:24.359 been strict enough, she called the issue a long standing problem. 0:05:24.480 --> 0:05:27.080 All right, Karen, Let's turn to markets now. Starting in Asia, 0:05:27.160 --> 0:05:30.320 and after surging almost eleven percent in the opening minutes 0:05:30.360 --> 0:05:33.400 of trading, stocks in China ended the session higher by 0:05:33.400 --> 0:05:36.720 almost six percent. China says it is confident it will 0:05:36.720 --> 0:05:40.120 reach its economic targets this year, but policymakers held back 0:05:40.160 --> 0:05:43.839 on any further stimulus. Bloomberg Daybreak Asia anchor Brian Curtis 0:05:43.839 --> 0:05:44.800 has more from Hong Kong. 0:05:45.040 --> 0:05:48.320 China's top economic planner of the National Development and Reform 0:05:48.320 --> 0:05:51.800 Commission said it would speed up spending otherwise, though the 0:05:51.800 --> 0:05:55.880 agency mainly repeated older plans to boost investment and support 0:05:55.960 --> 0:05:59.720 low income groups and new graduates. China will issue ultra 0:05:59.800 --> 0:06:04.039 law sovereign bonds next year to support major projects, and 0:06:04.120 --> 0:06:06.800 you will bring forward to this year a fourteen billion 0:06:06.800 --> 0:06:11.200 dollar investment plan originally scheduled for next year. Investors, though, 0:06:11.279 --> 0:06:15.080 appear disappointed, as stocks traded off the best levels in 0:06:15.160 --> 0:06:17.080 Hong Kong. Brian Curtis, Bloomberg Radio. 0:06:17.279 --> 0:06:19.279 All right, Brian, thank you. Back here in the US, 0:06:19.400 --> 0:06:22.240 futures are hire this morning after a sell off to 0:06:22.360 --> 0:06:25.440 start the week. All three major indexes dropped about one 0:06:25.520 --> 0:06:29.039 percent yesterday, tech stocks leading the declines. Still, Brian Lovitt, 0:06:29.080 --> 0:06:32.160 Global market strategists at Investo, thanks, stocks are at an 0:06:32.200 --> 0:06:33.240 attractive level. 0:06:33.640 --> 0:06:36.880 I view this as a buy opportunity. You know, it's 0:06:36.920 --> 0:06:38.960 a market again that I believe is going to do 0:06:39.040 --> 0:06:42.279 well over the next few years. Don't fight the said, 0:06:42.839 --> 0:06:44.200 I think that still applies. 0:06:44.560 --> 0:06:44.720 Now. 0:06:44.760 --> 0:06:48.240 The market is taking out one of the rate cuts 0:06:48.320 --> 0:06:50.880 right now, and that's okay, that's a short term move. 0:06:51.200 --> 0:06:53.599 But over the next few years, I think don't fight 0:06:53.640 --> 0:06:54.799 the fed certainly applies. 0:06:55.120 --> 0:06:58.400 That's Investco Global market strategist Brian Levitt, who still favors 0:06:58.400 --> 0:07:01.479 stocks over bonds going forward. And we are watching earning 0:07:01.520 --> 0:07:04.480 scross the Bloomberg. Pepsigo trimming its growth outlook for the 0:07:04.600 --> 0:07:08.240 year as volumes of soft drinks and snacks continue to slip. 0:07:08.440 --> 0:07:11.040 Full Your organic revenue now expected to grow by a 0:07:11.120 --> 0:07:14.880 low single digit percentage, down from Pepsigo's previous target of 0:07:15.000 --> 0:07:15.640 four percent. 0:07:15.800 --> 0:07:18.560 We're also keeping an ear out on FED speak this morning, Karen. 0:07:18.560 --> 0:07:20.920 There's been plenty of that today. At a European Central 0:07:20.920 --> 0:07:24.680 Bank conference in Frankfurt, FED Governor Adriana Kouegler called for 0:07:24.720 --> 0:07:27.280 a balanced approach to future rate cuts, saying the FED 0:07:27.320 --> 0:07:30.200 should keep its focus on bringing inflation back to the 0:07:30.200 --> 0:07:34.200 two percent target. Saint Louis FED President Alberto Mussalam says 0:07:34.240 --> 0:07:37.200 he supported last month's decision to lower interest rates by 0:07:37.280 --> 0:07:40.480 half point, but he emphasized he would prefer further reductions 0:07:40.560 --> 0:07:41.280 to be gradual. 0:07:44.360 --> 0:07:45.640 Honest time now if for a look at some of 0:07:45.680 --> 0:07:47.720 the other stories making news in New York and around 0:07:47.760 --> 0:07:50.320 the world, and for that we're joined by Bloomberg's Michael Barr. 0:07:50.360 --> 0:07:52.119 Michael, good morning, Good morning, Karen. 0:07:52.160 --> 0:07:54.800 The Supreme Court is hearing a challenge to a Biden 0:07:54.840 --> 0:07:59.080 administration and regulation on ghost guns, the difficult to trace 0:07:59.120 --> 0:08:04.040 weapons than x potentially increased link to crime in recent years. 0:08:04.440 --> 0:08:07.760 Today's case is centered on gun kits that are sold 0:08:07.800 --> 0:08:11.000 online and can be assembled into a functioning weapon in 0:08:11.080 --> 0:08:16.360 less than thirty minutes. The Biden Administration's regulation requires background checks, 0:08:16.640 --> 0:08:21.800 age verification, and serial numbers. Manufacturers and gun rights groups 0:08:21.880 --> 0:08:26.400 challenge the rule, arguing the administration overstepped its authority. The 0:08:26.520 --> 0:08:30.360 National Transportation Safety Board is investigating the deadly Monday morning 0:08:30.400 --> 0:08:36.360 crash of METVAC helicopter in Owen County, Kentucky. Three people 0:08:36.360 --> 0:08:40.800 were killed when the air VAK Life Team helicopter went 0:08:40.920 --> 0:08:43.320 down in a wooded area behind a restaurant as it 0:08:43.360 --> 0:08:46.040 flew to pick up a patient. This man lives near 0:08:46.080 --> 0:08:48.240 the site and says he heard the helicopter go down. 0:08:48.600 --> 0:08:50.600 I know there's going to be a lot of moments 0:08:50.640 --> 0:08:54.400 with the family, and I knows tree as a family 0:08:54.640 --> 0:08:55.000 that this. 0:08:55.360 --> 0:08:59.440 Parrow the community for the local area, you know, I mean. 0:09:00.160 --> 0:09:01.360 I will be praying for y'all. 0:09:02.000 --> 0:09:05.160 The company, in a statement, says our primary focus now 0:09:05.320 --> 0:09:08.440 is on supporting the families who were impacted, as well 0:09:08.480 --> 0:09:11.880 as our team members. President Joe Biden will announce a 0:09:11.920 --> 0:09:15.200 plan to replace all lead pipes in the country over 0:09:15.240 --> 0:09:17.920 the next ten years during a visit to the election 0:09:18.040 --> 0:09:22.440 battleground state of Wisconsin today. Biden and Milwaukee will pledge 0:09:22.440 --> 0:09:25.760 an additional two point six billion dollars from the Environmental 0:09:25.800 --> 0:09:29.560 Protection Agency to improve drinking water. As part of the plan, 0:09:29.679 --> 0:09:32.960 forty nine percent of the funding will go to disadvantage 0:09:32.960 --> 0:09:38.000 communities as grants or principal loan forgiveness. Finally, big news 0:09:38.000 --> 0:09:41.079 for lottery players. Changers are coming to the Mega Million's 0:09:41.160 --> 0:09:45.360 game in April. Lottery official Joshua Johnston says that the 0:09:45.400 --> 0:09:49.240 cost of tickets is increasing, but players will benefit from 0:09:49.280 --> 0:09:53.240 improved odds with a built in multiplier on every play. 0:09:53.400 --> 0:10:02.319 Bigger jackpots, better odds, faster jackpots, and more billionaires and millionaires. 0:10:02.800 --> 0:10:06.720 The new Mega Million's tickets will cost five dollars per play. 0:10:07.160 --> 0:10:09.600 Global news twenty four hours a day and whenever you 0:10:09.640 --> 0:10:12.080 want it with Bloomberg News Now. I'm Michael Barr. 0:10:12.120 --> 0:10:14.720 This is Bloomberg, Karen, and is a price higer, right, 0:10:14.760 --> 0:10:22.400 Michael Barr, thank you time now for the Bloomberg Sports Update, 0:10:22.440 --> 0:10:26.360 brought to you by try Stage Audi. Here's John stash Hour, John, 0:10:26.400 --> 0:10:27.199 good morning. 0:10:26.960 --> 0:10:29.240 Good morning, Karen. The Yankees were able to win the 0:10:29.280 --> 0:10:32.559 series opener because every time the Royals scored, the Yanks 0:10:32.600 --> 0:10:35.040 would respond. Couldn't do it Game two at the Stadium, 0:10:35.080 --> 0:10:38.160 not after Kansas City scored four runs in the fourth 0:10:38.160 --> 0:10:40.600 inning off Carlos Rodin, who had cruised to the first 0:10:40.640 --> 0:10:42.400 three and in sal Perez began the fourth of the 0:10:42.400 --> 0:10:45.080 home run Royals weren't done there. Yanks didn't score again 0:10:45.160 --> 0:10:47.400 until a Jazz Chisholm homer in the bottom of the 0:10:47.480 --> 0:10:49.600 ninth Royals one four to two. The series time at one, 0:10:49.640 --> 0:10:53.120 resuming tomorrow and case all season, Yanks have been better 0:10:53.160 --> 0:10:55.439 on the road. That gives Aaron Boone confidence. 0:10:55.760 --> 0:10:58.680 I think that's been a hallmark of our success, you know, 0:10:58.760 --> 0:11:02.000 especially after some difficult ones where you know it's just 0:11:02.480 --> 0:11:05.160 we've had a win or lost something late, or just 0:11:05.240 --> 0:11:08.160 a tough gut punch. You know, these guys are you know, 0:11:08.200 --> 0:11:13.160 these guys are really confident and understandably so. And we'll 0:11:13.160 --> 0:11:14.439 be ready to go in Game three. 0:11:14.320 --> 0:11:17.079 Food tomorrow, starting Clark Schmid. He got the nod ahead 0:11:17.080 --> 0:11:19.920 of Luis Heel. All four Division series are tied at one. 0:11:20.360 --> 0:11:22.640 Tigers and Guardians in Cleveland went to the ninth that 0:11:22.720 --> 0:11:26.280 he's still scoreless. Detroit's Kerry Carpenter two out three, one 0:11:26.320 --> 0:11:29.839 homer off Cleveland closer Emmanuel Cossa, who's been almost unhittable 0:11:29.840 --> 0:11:31.599 this season. The Tigers won three to nothing Mets in 0:11:31.600 --> 0:11:34.600 Phillies Game three tonight Cityfield, the mets first home games 0:11:34.600 --> 0:11:38.520 since September twenty second. They'll have Sean Minaya on the mound. 0:11:38.559 --> 0:11:41.160 Good night for Kansas City. Not only did the Royals win, 0:11:41.559 --> 0:11:44.079 the Chiefs beat the Saints twenty six to thirteen to 0:11:44.080 --> 0:11:47.000 stay undefeated. Patrick Mahomes three for three hundred and thirty 0:11:47.040 --> 0:11:49.800 one yards, Harrison Butker four field goals. New Orleans QB 0:11:49.960 --> 0:11:52.240 Derek Carr left the game in the fourth corn with 0:11:52.280 --> 0:11:54.080 a hip injury. The Saints started off two and oh. 0:11:54.080 --> 0:11:57.200 They've lost their last three. Next Monday, it's at MetLife 0:11:57.280 --> 0:11:59.640 Jets and Bills and Jets coach Robert Sallis as Aaron 0:11:59.720 --> 0:12:00.760 Rodgers'll be good to go. 0:12:01.080 --> 0:12:01.480 It's wite. 0:12:01.520 --> 0:12:02.679 The ankul injuries suffered. 0:12:02.720 --> 0:12:03.120 Sunday. 0:12:03.160 --> 0:12:06.760 Patriots safety Jabriel Peppers, team captain, just signed a new 0:12:06.760 --> 0:12:11.040 three year contract. Arrested charge with assault, battery, drug possession, 0:12:11.040 --> 0:12:14.960 and strangulation after the legendident with his girlfriend, Peppers pleaded 0:12:15.040 --> 0:12:18.199 not guilty. John Stashet were Bloomberg Sports Kenny. 0:12:17.880 --> 0:12:24.560 Ethan Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:24.640 --> 0:12:27.520 and around the world on Bloomberg dot Com and the 0:12:27.600 --> 0:12:30.920 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:31.000 --> 0:12:31.439 Good morning. 0:12:31.440 --> 0:12:33.640 I'm Nathan Hager. The conflict in the Middle East is 0:12:33.679 --> 0:12:35.840 now headed into its second year, with the region edging 0:12:35.960 --> 0:12:38.960 closer to all out war. Israel continues to take fire 0:12:39.000 --> 0:12:42.280 from Hamas and Hesbelah, and still is weighing its response 0:12:42.360 --> 0:12:45.160 to a Ron's ballistic missile attack last week. For the 0:12:45.240 --> 0:12:48.240 very latest, we are joined now by Rosalind Mathieson, Bloomberg's 0:12:48.240 --> 0:12:51.160 news director for Europe, the Middle East and Africa. Roz, 0:12:51.200 --> 0:12:53.480 good morning. Can you catch us up on what's been 0:12:53.520 --> 0:12:56.200 happening in the last twenty four hours. You understand Israel 0:12:56.240 --> 0:12:58.480 has continued to go after Hesbula this morning. 0:12:59.120 --> 0:12:59.679 Well, that's right. 0:13:00.000 --> 0:13:02.160 What we're seeing in the most recent couple of hours 0:13:02.240 --> 0:13:05.000 is that what is that in Lebanon, We're coming to 0:13:05.120 --> 0:13:08.920 a much more broader front in the conflict than we've 0:13:08.960 --> 0:13:12.440 seen previously. I mean, Israel has said that its incursion 0:13:12.640 --> 0:13:15.920 into Lebanon is going to be targeted and limited. But 0:13:16.040 --> 0:13:19.160 now they're bringing in a fourth division. This is a 0:13:19.200 --> 0:13:22.360 reservist division. It brings it to four and they're moving 0:13:22.480 --> 0:13:25.840 ever into the southwestern part of Lebanon. So you're getting 0:13:25.880 --> 0:13:30.880 a really elongated front in this conflict inside Lebanon. At 0:13:30.880 --> 0:13:35.040 this point, and you talk of the Israeli navy being involved, 0:13:35.080 --> 0:13:37.880 and that's sort of the coastal areas of Lebanon, and 0:13:37.920 --> 0:13:42.640 the whole idea is to prevent Hesbela from essentially replenishing 0:13:43.040 --> 0:13:45.800 its weapons in the area and to stop them being 0:13:45.800 --> 0:13:49.760 able to bring them in through either sea or land. Equally, 0:13:49.800 --> 0:13:53.720 what that's doing is preventing people from leaving the area. 0:13:53.840 --> 0:13:56.720 Some of the exits that they've got into Syrian whatnot 0:13:56.760 --> 0:14:01.080 are seemingly cut off at this point. The question is, 0:14:01.120 --> 0:14:04.040 you know, how much target and limited is this encursion 0:14:04.120 --> 0:14:06.840 going to end up being. Is Israel going to be 0:14:06.960 --> 0:14:10.719 drawn into a proper, true second front in this conflict, 0:14:10.800 --> 0:14:13.080 you know, something they've made clear they wanted to avoid. 0:14:13.559 --> 0:14:14.880 But equally it's clear. 0:14:14.960 --> 0:14:18.000 Is this warrant in Gaza, as you mentioned, enters its 0:14:18.040 --> 0:14:20.320 second year. There's a long way to go really for 0:14:20.440 --> 0:14:24.680 Israel to completely degrade either Hamas or Hezbala, these two 0:14:25.240 --> 0:14:28.560 key Iranian proxies in the region. We've seen it pick 0:14:28.680 --> 0:14:32.200 up again in the fighting in Gaza just yesterday and 0:14:32.240 --> 0:14:35.040 the day before, and it's clear that Hamas still has 0:14:35.080 --> 0:14:38.280 some capability. So the question is how much longer is 0:14:38.320 --> 0:14:40.280 this going to take for Israel to reach what it 0:14:40.360 --> 0:14:43.960 sees as its goals in this conflict, and can it 0:14:44.000 --> 0:14:47.320 actually achieve those goals truly of being able to fully 0:14:47.320 --> 0:14:48.520 degrade these outfits? 0:14:48.680 --> 0:14:51.280 Well raises the question, doesn't it rizull what the goals 0:14:51.320 --> 0:14:53.920 are up to this point, Israel has said once to 0:14:53.960 --> 0:14:56.840 get northern Israeli's back home. But if there's more of 0:14:56.880 --> 0:15:01.200 a focus now on Lebanon on Hesbol, where does that 0:15:01.320 --> 0:15:04.360 leave the fight against Hamas and the effort to bring 0:15:04.480 --> 0:15:05.840 hostages home from Gayzer. 0:15:06.600 --> 0:15:08.960 Well, that's right, there's just so many aspects to this 0:15:09.080 --> 0:15:13.160 conflict at the moment, including in Gaza. We've seen Israel 0:15:13.200 --> 0:15:16.160 operating again in the northern areas of Gaza in the 0:15:16.240 --> 0:15:20.800 last few days, some strikes also in central areas. They 0:15:20.840 --> 0:15:23.040 say that, you know, places that are being used for 0:15:23.120 --> 0:15:26.960 shelter by people in Gaza are also you know, staging 0:15:27.000 --> 0:15:30.360 pos for Hamas. That conflict that question again of you know, 0:15:30.400 --> 0:15:36.200 Hamas ostensibly using civilian areas to build their strongholds. 0:15:36.240 --> 0:15:38.160 And so even though. 0:15:37.960 --> 0:15:40.480 They say they've just they've killed a lot of the 0:15:40.520 --> 0:15:44.520 Hamas fighters in the past year, you know, tens of thousands, 0:15:45.000 --> 0:15:48.040 is claim many more remain And the question also is 0:15:48.120 --> 0:15:51.920 as this conflict goes on, you know, do a bit 0:15:51.960 --> 0:15:54.640 like a many haggrid hydra. Even though you lop off 0:15:55.040 --> 0:15:58.680 the head of some parts of the organization bit hesbula 0:15:59.160 --> 0:16:02.080 or hamas it's so nebulous, do you find that others 0:16:02.440 --> 0:16:06.400 are joining and are they getting fresh recruits as part 0:16:06.400 --> 0:16:08.960 of that process? So for Israel, you know, the question 0:16:09.040 --> 0:16:11.200 is what is the endgame and can it get there? 0:16:11.320 --> 0:16:11.440 Now? 0:16:11.480 --> 0:16:14.280 Only thirty seconds left? Ras the biggest head is Iran. 0:16:14.400 --> 0:16:17.120 Where is Israel when it comes to confronting Iran after 0:16:17.160 --> 0:16:18.320 the ballistic missile attack. 0:16:18.920 --> 0:16:21.080 Well, we know that Israel still considering its options. 0:16:21.120 --> 0:16:24.120 We know the Israeli defense ministers in the US meeting 0:16:24.240 --> 0:16:27.960 on having meetings on Wednesday. That suggests they've not yet 0:16:28.000 --> 0:16:30.840 decided what to do. We know the US is pushing 0:16:30.880 --> 0:16:35.720 them to not hit Iranian nuclear infrastructure or oil installations. 0:16:35.760 --> 0:16:37.200 That leaves military targets. 0:16:37.480 --> 0:16:39.040 But really Israel says they're going to have to do 0:16:39.080 --> 0:16:40.280 something quite proportionate. 0:16:40.960 --> 0:16:42.480 It just remains to be seen what that is. 0:16:42.840 --> 0:16:46.280 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:46.360 --> 0:16:49.360 making news from Wall Street to Washington and beyond. 0:16:49.640 --> 0:16:52.040 Look for us on your podcast feed by six am 0:16:52.080 --> 0:16:55.480 Eastern each morning on Apple, Spotify, or manywhere else you listen. 0:16:55.680 --> 0:16:58.560 You can also listen live each morning starting at five 0:16:58.560 --> 0:17:01.200 am Wall Street Time on Bloomberg eleven three to zero 0:17:01.280 --> 0:17:04.200 in New York, Bloomberg in ninety nine to one in Washington, 0:17:04.280 --> 0:17:08.200 Bloomberg ninety two nine in Boston, and nationwide on serious 0:17:08.400 --> 0:17:09.960 XM Channel one twenty one. 0:17:10.359 --> 0:17:13.080 Plus listen coast to coast on the Bloomberg Business app 0:17:13.119 --> 0:17:15.960 now with Apple CarPlay and Android auto interfaces. 0:17:16.160 --> 0:17:19.200 And don't forget to subscribe to Bloomberg News Now. It's 0:17:19.200 --> 0:17:21.920 the latest news whenever you want it in five minutes 0:17:22.040 --> 0:17:25.160 or less. Search Bloomberg News Now and your favorite podcast 0:17:25.200 --> 0:17:27.439 platform to stay informed all day long. 0:17:27.720 --> 0:17:29.360 I'm Karen Moscow. 0:17:29.119 --> 0:17:31.679 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:31.720 --> 0:17:33.640 all the news you need to start your day right 0:17:33.680 --> 0:17:35.119 here on Bloomberg Daybreak