Middle East Truce Back on Track; Bessent on Path for Confirmation

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:10.240 --> 0:00:13.440 Good morning, I'm Nathan Hager and I'm Karen Moscow. Here 0:00:13.440 --> 0:00:15.160 are the stories we're following today. 0:00:15.360 --> 0:00:18.000 Karen, we begin with the latest developments in the Middle East. 0:00:18.040 --> 0:00:21.560 Israeli Prime Minister Benjamin NETANYAHUO says an agreement with Hamas 0:00:21.640 --> 0:00:24.720 to pause the war in Gaza has been finalized. That 0:00:24.840 --> 0:00:28.000 suggests the truce will begin on Sunday. We get the 0:00:28.080 --> 0:00:30.320 latest from Bloomberg's Oliver Crook in Tel Aviv. 0:00:30.600 --> 0:00:32.680 On Sunday, you will begin the ceasefire. That means that 0:00:32.720 --> 0:00:35.320 all the sort of fighting will be paused in Gaza 0:00:35.440 --> 0:00:38.000 for six weeks. We understand that will also mean the 0:00:38.040 --> 0:00:41.120 release of three female hostages to begin on Sunday. There's 0:00:41.159 --> 0:00:43.200 a total of thirty three that would be released over 0:00:43.280 --> 0:00:45.199 this sort of six week phase. Then you get three 0:00:45.320 --> 0:00:47.200 or four hostages every sort of four or five. 0:00:47.120 --> 0:00:48.400 Days over the next few weeks. 0:00:48.479 --> 0:00:51.360 As that happens, prisoners will be returned from the Israeli 0:00:51.440 --> 0:00:53.640 side to the Palestinian side. We understand those will be 0:00:53.640 --> 0:00:56.520 by the hundreds, certainly over one thousand, and critically, the 0:00:56.560 --> 0:00:59.720 troops will be progressively pulled out of the populated areas 0:00:59.720 --> 0:01:02.600 of God and basically will be evacuated to the eastern 0:01:02.640 --> 0:01:04.640 flank of the Strip, and it will also allow for 0:01:04.720 --> 0:01:07.000 humanitarian aid to sort of come in at a much 0:01:07.120 --> 0:01:07.920 larger pace than. 0:01:07.840 --> 0:01:11.080 It has Bloomberg's Allikook and Tel Aviv, reports Natagnat, who's 0:01:11.160 --> 0:01:13.360 ordered his security cabinets to meet to approve the truce. 0:01:13.440 --> 0:01:15.080 That meeting is now underway. 0:01:15.520 --> 0:01:18.000 Well, Nathan, the Supreme Court has signal that's ready to 0:01:18.080 --> 0:01:20.360 rule as soon as today on the law that would 0:01:20.480 --> 0:01:23.720 ban TikTok in the US unless it finds a new owner. 0:01:23.880 --> 0:01:26.560 But even if the High Court upholds the ban, TikTok 0:01:26.560 --> 0:01:28.800 could win a reprieve. We get more on that with 0:01:28.840 --> 0:01:30.119 the Bloomberg's genis are ready. 0:01:30.600 --> 0:01:33.200 The law calls for TikTok to shut down this Sunday 0:01:33.280 --> 0:01:36.000 unless it's Chinese owner, by dance, lines up a buyer 0:01:36.080 --> 0:01:39.280 for its US operations, But this Sunday falls before a 0:01:39.319 --> 0:01:43.840 federal holiday in President elect Trump's inauguration, so Biden administration 0:01:43.920 --> 0:01:47.560 officials say that essentially punts the issue to the next administration. 0:01:47.960 --> 0:01:50.400 The law also allows for a ninety day extension if 0:01:50.400 --> 0:01:55.120 a serious purchase negotiation is underway. Trump's incoming National Security 0:01:55.160 --> 0:01:58.040 advisor says they'll find a way to keep the deadline going. 0:01:58.160 --> 0:02:00.360 Democrats in the Senate have also entered who is to 0:02:00.360 --> 0:02:02.880 build that would give TikTok another two hundred and seventy 0:02:02.960 --> 0:02:06.520 days to reach a deal. Gina Cervetti Bloomberg Radio. 0:02:06.520 --> 0:02:08.360 Well, Gina, thank you. As you mentioned, we are just 0:02:08.440 --> 0:02:10.880 three days away from Donald Trump being sworn in for 0:02:10.919 --> 0:02:14.440 his second term. Chinese President Shi Jinping will skip the 0:02:14.480 --> 0:02:18.600 inauguration on Monday, but he's sending Vice President Han Jiang instead. 0:02:19.040 --> 0:02:23.000 Nvidia CEO Jensen Wong is also expected to miss the inaugural. 0:02:23.040 --> 0:02:25.600 Sources to say he's visiting East Asia this week, but 0:02:26.080 --> 0:02:29.600 there will be plenty of high profile US technology leaders there. 0:02:29.680 --> 0:02:34.119 They include Apple CEO Tim Cook, Amazon co founder Jeff Bezos, 0:02:34.160 --> 0:02:35.919 as well as Elon musk. 0:02:36.080 --> 0:02:38.920 Well Nathan, one of Trump's key cabinet pigs, is on 0:02:39.000 --> 0:02:42.079 track to be confirmed. After a confirmation hearing that lasted 0:02:42.120 --> 0:02:45.720 for hours. Treasury Secretary nominee Scott besst Warren lawmakers that 0:02:45.760 --> 0:02:49.200 they must extend the twenty seventeen tax cuts or risk 0:02:49.240 --> 0:02:53.200 an economic crisis, and Bloomberg's Amy Morris has more from Washington. 0:02:53.280 --> 0:02:56.480 Besn't called extending the twenty seventeen tax cuts the single 0:02:56.520 --> 0:02:59.119 most important economic issue of the day. 0:02:59.320 --> 0:03:02.920 If we do not renew an extent, we will be 0:03:03.000 --> 0:03:07.240 facing an economic calamity that falls on the middle and 0:03:07.320 --> 0:03:08.519 working class people. 0:03:08.680 --> 0:03:11.480 Hasn't told lawmakers that if Donald Trump wanted to get 0:03:11.560 --> 0:03:14.120 rid of the debt limit, he would quote work with 0:03:14.240 --> 0:03:16.400 him and you on that the United. 0:03:16.240 --> 0:03:19.280 States is not going to default on its debt if 0:03:19.280 --> 0:03:20.480 I'm confirmed. 0:03:20.240 --> 0:03:23.600 And Besant told lawmakers he would support Russian oil sanctions. 0:03:23.880 --> 0:03:26.400 I will be one hundred percent on board for taking 0:03:26.480 --> 0:03:30.480 sanctions up, especially on the Russian oil majors, two levels 0:03:30.840 --> 0:03:34.120 that would bring Russian Federation to the table. 0:03:34.280 --> 0:03:37.560 And he said he respected the federal reserves independence over 0:03:37.680 --> 0:03:42.040 monetary policy. In Washington, Amy Morris Bloomberg Radio, Amy. 0:03:41.800 --> 0:03:43.960 Thank you, and President Electrump may also be close to 0:03:44.000 --> 0:03:46.680 picking a new head of the Secret Service. CNN is 0:03:46.760 --> 0:03:50.160 reporting he's expected to name his current Secret Service Detail leader, 0:03:50.200 --> 0:03:52.240 Sean Current, to be the new director. 0:03:53.000 --> 0:03:55.760 Well, Nick, and we're learning more about the government cyber 0:03:55.800 --> 0:03:58.800 attack that the Treasury Department is blamed on Chinese state 0:03:58.880 --> 0:04:02.920 sponsored hackers. Sources tell Bloomberg's the brand the breach when 0:04:02.960 --> 0:04:05.840 as high within the agency as it could get. Treasury 0:04:06.000 --> 0:04:09.000 Secretary Agenet Yellen's computer was said to be breached, along 0:04:09.000 --> 0:04:12.920 with those of her two top lieutenants, Deputy Secretary Wally 0:04:12.960 --> 0:04:17.000 Atayemo and Acting under Secretary Brad Smith. Our sources a 0:04:17.000 --> 0:04:20.559 fewer than fifty of Yellen's files were accessed and nothing 0:04:20.600 --> 0:04:23.320 classified was taken, but the hackers appeared to focus on 0:04:23.360 --> 0:04:27.440 Treasury's role in sanctions, intelligence, and international affairs. 0:04:27.680 --> 0:04:29.200 I want to turn out Karen to the latest on 0:04:29.279 --> 0:04:32.440 the wildfires in Los Angeles, and right now it looks 0:04:32.480 --> 0:04:36.000 like firefighters are making progress. Let's get the update now 0:04:36.000 --> 0:04:38.400 from Bloomberg's John Tucker, John and Nathan. 0:04:38.440 --> 0:04:40.920 The gusting wins that have rattled the region for more 0:04:40.960 --> 0:04:44.039 than a week have now subsided, giving the firefighters a 0:04:44.200 --> 0:04:48.440 much needed boost as they mop up hopspots. Forty thousand 0:04:48.480 --> 0:04:52.160 acres have burned in two ferocious fires. Electricity, gas and 0:04:52.200 --> 0:04:56.320 sewage lines they're wrecked, and there's toxic waste everywhere. There's 0:04:56.360 --> 0:04:59.760 also a growing threat of hazardous mud slides. And if 0:04:59.760 --> 0:05:02.919 that's not enough, the California Attorney General Rob Bonta Tael's 0:05:03.000 --> 0:05:05.000 residents to beware of scammers. 0:05:05.480 --> 0:05:10.400 Folks across the region are being preyed upon by greedy 0:05:10.400 --> 0:05:16.480 businesses and landlords, scam artists, and predatory buyers looking to 0:05:16.520 --> 0:05:18.919 make a quick buck off their pain. They are seeking 0:05:19.440 --> 0:05:23.080 to revictimize the victims of the fires. 0:05:23.120 --> 0:05:26.080 The two largest fires, the palle Stags and Eaten Fires. 0:05:26.080 --> 0:05:29.359 They continue to burn, but fire crews are again making progress. 0:05:29.839 --> 0:05:32.200 The death toll that's risen to twenty seven and the 0:05:32.240 --> 0:05:35.839 search for the missing continues. On John Tucker Bloomberg Radio. 0:05:35.960 --> 0:05:37.880 All Right, John, thank you well. A concert to raise 0:05:37.920 --> 0:05:40.800 money for the Los Angeles wildfire victims will be held 0:05:40.839 --> 0:05:44.800 on January thirtieth. It'll be broadcast on multiple streaming services 0:05:45.040 --> 0:05:48.479 including Netflix, Amazon, and Apple, as well as in select 0:05:48.560 --> 0:05:52.760 AMC theaters and on radio and music streaming sites. Billie Eilish, 0:05:52.880 --> 0:05:55.560 Lady Yaga, and the Red Hot Chili Peppers are among 0:05:55.600 --> 0:05:57.080 those expected to perform. 0:05:57.360 --> 0:06:08.880 Let's turn now to space we have SpaceX launched its 0:06:08.920 --> 0:06:12.120 Starship Rocket on its latest test flight, but the spacecraft 0:06:12.160 --> 0:06:15.239 was destroyed following a thrilling booster catch back at the pad. 0:06:15.560 --> 0:06:18.520 Elon Musk's company says Starship broke apart in what it 0:06:18.560 --> 0:06:23.080 called a rapid unscheduled assembly. The spacecraft's six engines appeared 0:06:23.120 --> 0:06:25.440 to shut down one by one during a cent with 0:06:25.520 --> 0:06:28.080 contact loss just eight and a half minutes into the flight. 0:06:28.360 --> 0:06:31.360 The spacecraft is a new and upgraded model making its debut. 0:06:31.440 --> 0:06:34.160 It was packed with ten dummy satellites for practice at 0:06:34.160 --> 0:06:37.280 releasing them. A minute before the loss, SpaceX used the 0:06:37.360 --> 0:06:40.600 launch tower's giant mechanical arms to catch the returning booster. 0:06:41.000 --> 0:06:43.160 That's a feat that's only been achieved once before. 0:06:43.800 --> 0:06:46.120 Well, Nathan. We turned to the markets, and futures are 0:06:46.240 --> 0:06:48.479 higher as we close out the trading week. Bank of 0:06:48.480 --> 0:06:51.239 America says Donald Trump's returned to the White House will 0:06:51.279 --> 0:06:53.880 likely protect stocks from a big sell off. The firm 0:06:53.960 --> 0:06:58.000 strategists say investors will focus on Trump's protectionist agenda and 0:06:58.080 --> 0:07:00.000 proposals for lower corporate taxes. 0:07:00.200 --> 0:07:02.680 And Karen Bloomberg News has learned Rio Tinto and the 0:07:02.680 --> 0:07:06.120 glen Core have conducted early stage talks around a merger. 0:07:06.160 --> 0:07:08.640 A combination of these two would create a company larger 0:07:08.640 --> 0:07:11.400 than industry leader BHP Group. And we get more from 0:07:11.400 --> 0:07:14.760 Bloomberg's Paul Allen, this would be a behemoth. This is 0:07:14.880 --> 0:07:15.800 the big one. 0:07:16.160 --> 0:07:18.600 Rio Tinto's going to market cap of about one hundred 0:07:18.600 --> 0:07:21.960 and three billion, Glenn Call's worth about fifty five billion, 0:07:22.000 --> 0:07:24.640 and if you put those two together, yeah, you'd get 0:07:24.640 --> 0:07:28.480 an entity that surpasses the world's biggest minu bhp. So 0:07:28.680 --> 0:07:31.480 this would be a huge, huge deal, the biggest stay 0:07:31.480 --> 0:07:33.680 ever in the mining space if it goes ahead. 0:07:33.840 --> 0:07:37.080 Bloomberg's Paul Allen says the discussions took place as recently 0:07:37.120 --> 0:07:39.960 as late last year, but are not currently active. 0:07:43.560 --> 0:07:44.360 And it's time now for. 0:07:44.360 --> 0:07:46.120 A look at some of the other stories making news 0:07:46.120 --> 0:07:47.800 in New York and around the world. And for that 0:07:47.840 --> 0:07:50.840 we're joined by Bloomberg's and Michael Barr Michael good Morning, 0:07:50.960 --> 0:07:51.920 Good morning Karen. 0:07:52.040 --> 0:07:55.360 New York Mayor Eric Adams, who is under a federal indictment. 0:07:55.680 --> 0:07:58.080 We'll meet with Donald Trump at the president of a 0:07:58.160 --> 0:08:02.600 Lex Mari Lago estate today. According to Adams aids, the 0:08:02.640 --> 0:08:06.920 two men would discuss New Yorker's priorities. Trump has voiced 0:08:06.960 --> 0:08:09.240 his support for Adams in the past, even saying he 0:08:09.280 --> 0:08:12.000 would take a look at a possible pardon for him 0:08:12.040 --> 0:08:15.760 if needed. Former New York City Mayor Rudy Giuliani will 0:08:15.840 --> 0:08:19.320 keep his apartments and World Series rings a federal judge 0:08:19.320 --> 0:08:22.560 in New York was set to decide whether Giuliani would 0:08:22.600 --> 0:08:25.200 have to hand them over to two election workers who 0:08:25.240 --> 0:08:28.800 sued him for defamation. Ruby Freeman and Shay Moss won 0:08:28.840 --> 0:08:31.680 a one hundred and forty eight million dollar judgment against him. 0:08:32.040 --> 0:08:36.760 In thursday surprise settlement, Giuliani agreed to provide the plaintiffs 0:08:36.760 --> 0:08:40.960 with unspecified compensation and promised not to defame them again 0:08:41.440 --> 0:08:45.280 outside the court. Giuliani's attorney, Joseph Camarata, stressed that the 0:08:45.280 --> 0:08:47.640 settlement does not include an omission of guilt. 0:08:48.440 --> 0:08:53.160 After long negotiations over the last seventy two hours from 0:08:53.240 --> 0:08:57.000 going well into will be hours of the night, all parties. 0:08:56.679 --> 0:08:59.079 Resar resolution this case for the satisfactory. 0:08:59.080 --> 0:09:03.440 In old parties, Giuliani has already turned over many belongings 0:09:03.520 --> 0:09:08.240 and the terms were not disclosed. His son, Andrew Giuliani, well, I. 0:09:08.160 --> 0:09:10.640 Just want to say, as a son, as an American, 0:09:10.920 --> 0:09:14.000 I'm so proud of my father to see what he's 0:09:14.559 --> 0:09:17.400 been put through over the last four years. 0:09:17.800 --> 0:09:20.920 Giuliani never showed up to court, and for several hours 0:09:20.920 --> 0:09:22.920 it was a mystery as to why until his attorney 0:09:22.920 --> 0:09:27.800 announced the settlement. Governor Cathy Hockle announced increased overnight security 0:09:27.880 --> 0:09:29.559 on New York City subway trains. 0:09:29.760 --> 0:09:33.719 We are deploying an additional to seven hundred and fifty NYPD, 0:09:34.280 --> 0:09:37.079 and I want to bolster the police presence overnight. 0:09:37.600 --> 0:09:40.480 Governor Hokel says it's part of a seventy seven million 0:09:40.520 --> 0:09:44.120 dollar strategy that will also see three hundred more officers 0:09:44.120 --> 0:09:47.520 on overnight trains. President Joe Biden will commute the sentences 0:09:47.559 --> 0:09:50.920 of nearly twenty five hundred non violent drug offenders whose 0:09:50.960 --> 0:09:55.560 sentences were longer than they receive under current standards. The 0:09:55.600 --> 0:09:57.640 White House said in a statement this morning that the 0:09:57.679 --> 0:10:00.960 list includes people who received longer sent says four offenses 0:10:01.080 --> 0:10:05.880 related to crack cocaine as compared to powder cocaine. Global 0:10:05.920 --> 0:10:07.679 News twenty four hours a day and whenever you want 0:10:07.679 --> 0:10:11.000 it with Bloomberg News Now Michael Barr and this is Bloomberg. 0:10:10.559 --> 0:10:17.480 Care Ray, Michael Barr, thank you time now for the 0:10:17.480 --> 0:10:20.320 Bloomberg Sports update, brought to you by Try State Outye. 0:10:20.320 --> 0:10:22.320 Here's John stash Hour, John, good morning. 0:10:22.160 --> 0:10:24.959 Good morning care and the Ranger road trip ended at Utah. 0:10:25.040 --> 0:10:27.160 Rangers trailed going to the third period, had not won 0:10:27.200 --> 0:10:29.640 a game all season, went down after two, but they 0:10:29.640 --> 0:10:32.080 scored three in the third and won five to three. 0:10:32.080 --> 0:10:34.320 They're four to Zho to two in their last six games. 0:10:34.320 --> 0:10:37.320 The Devil since winning six to seven, have lost seven 0:10:37.360 --> 0:10:40.440 of nine. Got a point, but after leading three different times, 0:10:40.480 --> 0:10:42.400 they fell at Toronto four to three in overtime at 0:10:42.440 --> 0:10:46.040 Ubs Islanders beaten by Philadelphia five to three. The Capitals 0:10:46.080 --> 0:10:49.160 won one nothing at Ottawa on an alex Sovechkin goal 0:10:49.320 --> 0:10:52.360 in overtime. Big NBA game at Oklahoma City. The Thunder 0:10:52.760 --> 0:10:54.880 lost to the Calves in Cleveland last week, but they 0:10:54.920 --> 0:10:57.560 won this one one thirty four to one fourteen. OKAC 0:10:57.760 --> 0:11:00.199 led by thirty eight going to the fourth quarter eight 0:11:00.280 --> 0:11:04.319 Gilgess Alexander is the favorite right now to the NBA MVP. 0:11:04.480 --> 0:11:07.160 He scored forty points. Both teams have the same record 0:11:07.240 --> 0:11:10.880 thirty four and six. Nick Tonight it's Minnesota. The Nets 0:11:10.920 --> 0:11:12.960 still in La where they just lost to the Clippers 0:11:12.960 --> 0:11:16.280 by fifty nine. Tonight they faced the Lakers. Australian Open 0:11:16.320 --> 0:11:19.520 third round wins for Carlos alcaaz Cooco Goff, women's top 0:11:19.559 --> 0:11:22.360 seed Arena Sabalanka and Novak Djokovic is playing now and 0:11:22.400 --> 0:11:24.480 he has a two set lead the Mets with a 0:11:24.559 --> 0:11:27.440 resigning of a free agent. It's not Pete Alonzo, not 0:11:27.520 --> 0:11:30.439 yet anyway. It's Jesse Winker, who they acquired at the 0:11:30.480 --> 0:11:33.000 trade deadline. He helped them in their postseason run. Signed 0:11:33.040 --> 0:11:36.040 for one year, nine million. Bob Uker passed away the 0:11:36.120 --> 0:11:39.319 voice of his hometown Milwaukee Brewers for fifty four years. 0:11:39.400 --> 0:11:42.720 Uker had in unspectacular playing career in the nineteen sixties, 0:11:42.760 --> 0:11:45.960 a lifetime batting average of two hundred he joked about it, 0:11:46.040 --> 0:11:48.400 and over one hundred appearances on The Tonight Show with 0:11:48.480 --> 0:11:51.920 Johnny Carson, which led to Miller like commercials, the movie 0:11:51.920 --> 0:11:55.200 Major League, and the sitcom Mister Belvedere. He was inducted 0:11:55.200 --> 0:11:57.199 to the Broadcasters Winging the Hall of Fame in two 0:11:57.240 --> 0:11:58.240 thousand and three. 0:11:58.480 --> 0:12:02.520 It's been a great run, but number one has always 0:12:02.559 --> 0:12:03.439 been baseball for me. 0:12:04.080 --> 0:12:05.679 No matter what else I ever did. 0:12:06.240 --> 0:12:09.360 Baseball was the only way I wanted to go. 0:12:09.880 --> 0:12:12.560 You can, mister Baseball was mauns the actually that we're 0:12:12.600 --> 0:12:14.720 Bloomberg Sports Karny. 0:12:16.400 --> 0:12:20.640 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:20.720 --> 0:12:23.560 and around the world on Bloomberg dot Com and the 0:12:23.600 --> 0:12:26.640 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:26.760 --> 0:12:29.679 Good morning. I'm Nathan Hager. A ceasefire deal in Gaza 0:12:29.800 --> 0:12:33.040 may be back on track. Israeli Prime Minister Benjamin Natanyah, 0:12:33.080 --> 0:12:35.400 who says an agreement has been finalized to pause the 0:12:35.400 --> 0:12:38.160 fighting with Ikahamas for six weeks and his cabinet is 0:12:38.240 --> 0:12:40.640 meeting now to vote on it. Joining us from Tel 0:12:40.679 --> 0:12:44.679 Aviv for the latest Bloomberg News Israel Bureau Chief Ethan Bronner. Ethan, 0:12:44.720 --> 0:12:46.760 thanks for being back here with us this morning. So 0:12:46.800 --> 0:12:48.840 how do we expect this vote to go down? 0:12:49.520 --> 0:12:52.240 Well, just to be clear, this is the Security Cabinet, 0:12:52.280 --> 0:12:56.800 that's the inner group of eleven ministers out of thirty something. 0:12:57.280 --> 0:13:00.000 It will pass there in the process of looking at 0:13:00.200 --> 0:13:03.640 it now, there will be two votes against it, for sure. 0:13:04.240 --> 0:13:07.360 These are the too far right ministers mo Church and 0:13:07.440 --> 0:13:10.960 Ben Vere But I think they're the only ones who 0:13:10.960 --> 0:13:13.600 are going to vote against it in this cabinet meeting today. 0:13:13.920 --> 0:13:16.680 Then there will be a subsequent one later today or 0:13:16.720 --> 0:13:20.360 on Saturday night of the entire cabinet. Also, no reason 0:13:20.440 --> 0:13:24.280 to expect any problem. And then the expectation now is 0:13:24.320 --> 0:13:27.880 that the process the very painful and long process of 0:13:27.920 --> 0:13:30.120 these six weeks will begin on Sunday. 0:13:30.320 --> 0:13:33.079 What is the objection from the far right ministers? 0:13:33.640 --> 0:13:38.720 The far right is a very upset that the government has, 0:13:38.760 --> 0:13:42.360 from their perspective, given up on goals that they had 0:13:42.400 --> 0:13:46.120 said were not to be compromised, that is, to destroy 0:13:46.440 --> 0:13:51.000 Hamas totally and not to let those who are in 0:13:51.120 --> 0:13:56.040 Israeli prisons HAMAS members who have killed Israelis out back 0:13:56.120 --> 0:13:59.800 into circulation. There are hundreds of them will go out, 0:14:00.720 --> 0:14:04.400 and they will, the right says, and that's not a 0:14:04.440 --> 0:14:09.160 crazy thought, go back into action and try again to 0:14:09.200 --> 0:14:11.880 carry out violent acts against Israeli. So for them this 0:14:11.960 --> 0:14:17.120 is a crazy thing and not worth the return of 0:14:17.160 --> 0:14:18.559 the hostitgens. 0:14:18.360 --> 0:14:21.560 In terms of how the ceasefire is expected to go, 0:14:21.720 --> 0:14:25.000 what are we expecting? How is it to be enforced? 0:14:25.680 --> 0:14:28.000 Well, I mean, I don't know if there's really an 0:14:28.040 --> 0:14:31.240 important there's no sort of international enforcement measure. But you know, 0:14:31.320 --> 0:14:36.440 in theory on Sunday when it begins, three hostages and 0:14:36.480 --> 0:14:38.920 they may be dead or they may be living, we 0:14:38.960 --> 0:14:42.120 don't know will be returned to Israel. We don't know 0:14:42.280 --> 0:14:47.760 what time in exchange for some large number of Palestinian 0:14:47.960 --> 0:14:51.600 prisoners who will be freed. It's thirty for a normal 0:14:51.760 --> 0:14:55.720 quote unquote Israeli fifty for a female. So therefore I 0:14:55.760 --> 0:14:57.840 can't give you the exact number that will happen. And 0:14:57.880 --> 0:15:01.320 then the Israeli troops will start to to move out 0:15:01.320 --> 0:15:05.120 of Rafach and Gaza City and the northern Gaza area 0:15:05.240 --> 0:15:09.480 to the outskirts of the strip. And at the same time, 0:15:09.640 --> 0:15:14.080 through I think several crossings, we'll see hundreds of trucks 0:15:14.120 --> 0:15:18.240 of food and fuel and medicine and reconstruction materials begin 0:15:18.360 --> 0:15:18.920 to go in. 0:15:19.680 --> 0:15:22.200 And there is a big question of what comes after. 0:15:22.320 --> 0:15:25.000 You mentioned the objections from the far right ministers, but 0:15:25.080 --> 0:15:27.160 once the ceasefire is over, there's still going to be 0:15:27.240 --> 0:15:30.760 a dozens of hostages remaining. So what does come next? 0:15:30.800 --> 0:15:34.040 Potentially you think about thirty seconds, okay, So look on 0:15:34.080 --> 0:15:37.240 the sixteenth day of this deal, they begin to negotiate 0:15:37.280 --> 0:15:41.000 the second phase, and in theory it's about ending the 0:15:41.040 --> 0:15:43.920 war and that's something that the far right is opposed 0:15:43.960 --> 0:15:45.720 to and the sum on the NASO. 0:15:45.480 --> 0:15:48.480 Far right are opposed to as well. So the likelihood 0:15:48.560 --> 0:15:51.120 of breaking down after six weeks is high. 0:15:51.560 --> 0:15:54.960 This is Bloombery Daybreak, your morning podcast, and the stories 0:15:55.040 --> 0:15:58.080 making news from Wall Street to Washington and beyond. 0:15:58.320 --> 0:16:01.120 Look for us on your podcast feed six am Eastern 0:16:01.160 --> 0:16:04.160 each morning, on Apple, Spotify, or anywhere else you listen. 0:16:04.360 --> 0:16:07.240 You can also listen live each morning starting at five 0:16:07.280 --> 0:16:09.880 am Wall Street Time on Bloomberg eleven three to zero 0:16:10.000 --> 0:16:12.880 in New York, Bloomberg in ninety nine to one in Washington, 0:16:12.960 --> 0:16:16.840 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:17.080 --> 0:16:18.640 XM Channel one twenty one. 0:16:19.040 --> 0:16:21.800 Plus listen coast to coast on the Bloomberg Business app 0:16:21.840 --> 0:16:24.640 now with Apple CarPlay and Android Atto interfaces. 0:16:24.880 --> 0:16:27.880 And don't forget to subscribe to Bloomberg News Now. It's 0:16:27.920 --> 0:16:30.640 the latest news whenever you want it in five minutes 0:16:30.720 --> 0:16:33.840 or less. Search Bloomberg News Now on your favorite podcast 0:16:33.880 --> 0:16:38.040 platform to stay informed all day long. I'm Karen Moscow. 0:16:37.840 --> 0:16:40.360 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:40.400 --> 0:16:42.320 all the news you need to start your day right 0:16:42.360 --> 0:16:43.800 here on Bloomberg Daybreay