Israel Reportedly Strikes Iran; Military Aid Vote

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.840 --> 0:00:11.640 Good morning, I'm Nathan Hager. 0:00:11.560 --> 0:00:14.760 And I'm Karen Moscow. Here are the stories we're following today. 0:00:14.880 --> 0:00:17.520 Karon, we begin with tensions in the Middle East. US 0:00:17.560 --> 0:00:21.560 officials say Israel has launched a retaliatory strike on Iran, 0:00:21.760 --> 0:00:25.360 less than a week after Tehran's rocket and drone barrage. 0:00:25.520 --> 0:00:28.600 Bloomberg News Middle East Breaking News editor Dana Krasch has 0:00:28.600 --> 0:00:30.360 the latest on what we know so far. 0:00:30.720 --> 0:00:33.760 Reports trickled in in the early hours of the morning 0:00:33.800 --> 0:00:37.120 of a blast over Isfahan, where we know there are 0:00:37.200 --> 0:00:40.920 military sites and nuclear infrastructure, so the blasts are likely 0:00:41.000 --> 0:00:44.919 the result of what Iranian media is saying is defense 0:00:45.040 --> 0:00:50.839 systems activated to intercept what has now we know our drones. 0:00:51.120 --> 0:00:53.720 We also had a report out that the nuclear site 0:00:53.760 --> 0:00:56.480 there is completely safe, and that's of course reassuring, as 0:00:56.760 --> 0:01:00.080 Iran and Israel are arch rivals, but they also have nuclear. 0:00:59.760 --> 0:01:04.240 Pro Bloomberg's Danikrace says Iranian state media are downplaying the attack. 0:01:04.319 --> 0:01:07.080 Reuter's sites in Iranian officials saying there was no missile 0:01:07.080 --> 0:01:09.800 strike and that Iran is not planning a response at 0:01:09.800 --> 0:01:10.360 this time. 0:01:10.760 --> 0:01:14.520 Well, Nathan Markets remain on edge on these Middle East tensions. 0:01:14.560 --> 0:01:18.039 City Group Global Chief Economist Nathan Sheet says investors tend 0:01:18.080 --> 0:01:22.080 to overreact to events initially before settling down. 0:01:22.360 --> 0:01:26.840 I think at the moment, the market's telling us that 0:01:26.920 --> 0:01:30.800 the balance of risks here looks to be reasonably favorable 0:01:31.360 --> 0:01:34.600 and the response in the oil market has been contained, 0:01:35.280 --> 0:01:39.800 And if that's the correct assessment, then I think the 0:01:39.800 --> 0:01:43.360 broader implications of this are it doesn't escalate, and we're 0:01:43.400 --> 0:01:48.080 able to continue on more or less in the status quo. 0:01:48.560 --> 0:01:51.600 City Group Global Chief Economist Nathan Sheets, speaking to us 0:01:51.640 --> 0:01:55.000 earlier on Bloomberg and checking oil right now, NIMEC screwed 0:01:55.080 --> 0:01:58.120 up sixtensive percent at eighty three dollars twenty one cents 0:01:58.120 --> 0:02:01.480 a barrel, while Brent is at eighty seven thirty six cents. 0:02:01.400 --> 0:02:03.880 And caring these tensions could give even more of a 0:02:03.920 --> 0:02:07.480 push to long stalled aid for Israel, Ukraine and Taiwan. 0:02:07.720 --> 0:02:11.200 On Capitol Hill, Bloomberg's Ed Baxter reports that package is 0:02:11.280 --> 0:02:12.960 on track for votes this weekend. 0:02:13.360 --> 0:02:15.760 House Speaker Mike Johnson says he expects to bring up 0:02:15.760 --> 0:02:20.680 split Ukraine, Israel Taiwan aid bills tomorrow. The chair of 0:02:20.680 --> 0:02:23.679 the House Intelligence Committee Mike Turner on Bloomberg's Balance of Power, 0:02:23.800 --> 0:02:26.600 says he thinks it is essential to get aid going 0:02:26.639 --> 0:02:27.800 to Ukraine this week. 0:02:27.880 --> 0:02:32.920 They running out of ammunition. Russia is certainly surging and 0:02:32.960 --> 0:02:36.000 putting additional pressure on the front line, and also the 0:02:36.120 --> 0:02:40.080 lack of US support is impacting morale even in Ukraine. 0:02:40.200 --> 0:02:43.320 House Minority Leader Hakim Jeffrey says Democrats are going to 0:02:43.360 --> 0:02:46.959 do what's necessary to get this across the finish line. 0:02:47.040 --> 0:02:50.720 The Senate looks to move next week. Ad Baxter, Bloomberg Radio. 0:02:50.600 --> 0:02:52.760 All right, ed, thanks now to the latest in a 0:02:52.800 --> 0:02:56.200 criminal case against Donald Trump. The jury has been seated 0:02:56.240 --> 0:02:59.280 in Manhattan and Bloomberg's doing Groscer reports from New. 0:02:59.240 --> 0:03:03.560 York jurors and one alternate juror have been sworn in 0:03:03.560 --> 0:03:07.639 in Trump's hush money trial. The jury of manhattanites includes 0:03:07.680 --> 0:03:12.280 a sales professional, a software engineer, a security engineer, a teacher, 0:03:12.400 --> 0:03:16.520 a speech therapist, an investment banker, a retired wealth manager, 0:03:16.600 --> 0:03:19.720 and several lawyers the trial. Judd says he hopes to 0:03:19.760 --> 0:03:24.160 have jury selection wrapped up today and opening statements on Monday. 0:03:24.480 --> 0:03:25.079 In New York. 0:03:25.160 --> 0:03:27.000 June Grosso Boomberg Radio. 0:03:26.880 --> 0:03:27.600 Okay, June. 0:03:27.600 --> 0:03:29.760 Thank you. Now, we want to turn back to markets. 0:03:29.800 --> 0:03:32.359 We're watching shares of Netflix this morning. They are down 0:03:32.400 --> 0:03:35.800 more than six percent in early trading. Subscriber growth for 0:03:35.840 --> 0:03:39.200 the streaming giant did surpass estimates, but the company says 0:03:39.240 --> 0:03:42.880 those gains will be lower this period. Bloombergs Lucas Shaw 0:03:43.040 --> 0:03:45.960 is in Los Angeles. He says optimism for Netflix's first 0:03:46.040 --> 0:03:47.680 quarter had soared in recent days. 0:03:48.080 --> 0:03:50.720 Expectations for this company were really high. I mean, you 0:03:50.800 --> 0:03:53.720 saw a lot of analysts publishing optimistic notes leading up 0:03:53.720 --> 0:03:55.800 to it. The stock has been on a tear over 0:03:55.840 --> 0:03:58.120 the last few months, and so I think there's almost 0:03:58.160 --> 0:03:59.880 no way that it was going to live up to that. 0:04:00.080 --> 0:04:02.520 You know, you see the results that it basically doubled 0:04:02.520 --> 0:04:03.680 the subscriber estimates. 0:04:03.680 --> 0:04:04.520 That's pretty strong. 0:04:04.720 --> 0:04:06.800 So I'd say one is just expectations and the other 0:04:06.960 --> 0:04:09.760 is maybe that there was some sensitivity around the forecast. 0:04:10.040 --> 0:04:12.760 You know, the revenue forecast is actually pretty strong. It's 0:04:12.800 --> 0:04:14.920 going to grow faster than it did in the first quarter, 0:04:15.080 --> 0:04:17.440 but it's said its subscriber growth would tick down a 0:04:17.440 --> 0:04:18.320 bit in the second quarter. 0:04:18.920 --> 0:04:22.320 Bloomberg's Lucas Shaw says Netflix will stop reporting paid quarterly 0:04:22.360 --> 0:04:25.159 membership and revenue per subscribers starting with the first quarter 0:04:25.200 --> 0:04:26.279 of twenty twenty five. 0:04:26.800 --> 0:04:27.279 Well, Nathan. 0:04:27.320 --> 0:04:31.080 The pushback continues from Fed officials on cutting rates too soon. 0:04:31.200 --> 0:04:34.279 New York Fed President John Williams says economic data will 0:04:34.279 --> 0:04:37.279 determine the timing. He was asked about the possibility of 0:04:37.400 --> 0:04:38.120 raising rates. 0:04:38.360 --> 0:04:41.120 It's not my baseline, my expectation right now. It's you know, 0:04:41.200 --> 0:04:44.200 interest rates are in a good place, and eventually at 0:04:44.200 --> 0:04:46.400 some point would want to lower interest rates as the 0:04:46.440 --> 0:04:49.080 economy really gets to the two percent inflation that we're 0:04:49.080 --> 0:04:51.320 headed towards. If the data are telling us that we 0:04:51.360 --> 0:04:54.400 would need higher interest rates to achieve our goals, then 0:04:54.440 --> 0:04:56.040 we would we would obviously. 0:04:55.839 --> 0:04:56.560 Want to do that. 0:04:57.080 --> 0:05:00.080 New York Fed President John Williams comments, We're echoed by 0:05:00.120 --> 0:05:03.560 other Fed officials. Atlanta FED President Raphael Bostak says he's 0:05:03.600 --> 0:05:08.080 comfortable keeping rates. Study Minneapolis president Neil Kashkari told Fox 0:05:08.160 --> 0:05:11.120 that Fed could keep rates where they are all year. 0:05:11.680 --> 0:05:14.280 Karen, let's turn back to some corporate news now. Paramount 0:05:14.279 --> 0:05:16.840 Global could be getting a new buy outlook from Sony 0:05:16.920 --> 0:05:19.240 and Apollo Global Management. We get more on that from 0:05:19.279 --> 0:05:20.479 Bloomberg's Doug Prisner. 0:05:20.680 --> 0:05:22.479 We're told in the last week, the head of Sony 0:05:22.520 --> 0:05:26.200 Pictures Entertainment, Tony Vince Aquera, held talks with Apollo about 0:05:26.240 --> 0:05:28.640 teaming up on a bid. The New York Times says 0:05:28.640 --> 0:05:31.520 the group would offer cash for shares in Paramount, taking 0:05:31.520 --> 0:05:34.599 the company private through a joint venture. Now Sony and 0:05:34.640 --> 0:05:38.560 Apollo have not submitted an official offer. Paramount is controlled 0:05:38.560 --> 0:05:41.960 by Sherry Redstone through a family business called National Amusements, 0:05:42.000 --> 0:05:45.479 and at present, Paramount is an exclusive merger talks with 0:05:45.600 --> 0:05:50.080 Skydance Media and Independent. Members of Paramount's board are weighing 0:05:50.120 --> 0:05:52.960 the sky Dance proposal. In New York, I'm Doug Prisoner, 0:05:52.960 --> 0:05:53.960 Bloomberg Radio. 0:05:53.760 --> 0:05:55.960 All right, Doug, Thanks, and shares of Paramount Global are 0:05:56.040 --> 0:05:58.000 hired by more than ten and a half percent in 0:05:58.040 --> 0:05:59.400 early trading well. 0:05:59.400 --> 0:06:03.680 Apple has removed some social media services from its Chinese 0:06:03.720 --> 0:06:07.840 app store Nathan, including Metas, WhatsApp and threads thous, in 0:06:07.960 --> 0:06:10.880 response to orders from Beijing to close more loopholes in 0:06:10.880 --> 0:06:14.960 the country's long standing Internet firewall. Apple has consistently complied 0:06:14.960 --> 0:06:18.040 with one of the world's most rigid internet censorship regimes. 0:06:18.279 --> 0:06:22.159 It says the Cyberspace Administration of China order the apps 0:06:22.200 --> 0:06:29.159 removed over national security concerns. And it's time now for 0:06:29.160 --> 0:06:30.920 a look at some of the other stories making news 0:06:30.920 --> 0:06:32.479 in New York and around the world. And for that 0:06:32.520 --> 0:06:35.760 we're joined by Bloomberg's John Tucker. John Good Morning, Good Morning, Karen. 0:06:35.800 --> 0:06:38.960 New York City police have removed a pro Palestinian protest 0:06:39.080 --> 0:06:43.320 encampment at Columbia University, arresting more than one hundred demonstrators 0:06:43.360 --> 0:06:46.239 in the process. Mayor Adams says the city was asked 0:06:46.240 --> 0:06:49.320 in writing by university officials to remove the encampment. 0:06:49.760 --> 0:06:54.279 Klun University's students have a proud history of protests in 0:06:54.400 --> 0:06:57.239 raising their voices. Students have a right to free speech, 0:06:57.720 --> 0:07:00.280 but do not have a right to violate Universe city 0:07:00.360 --> 0:07:03.279 policies and disrupt learning on campus. 0:07:03.360 --> 0:07:06.919 The students have been protesting since early Wednesday opposing Israeli 0:07:06.960 --> 0:07:11.000 military action in Ganza. The Biden administration today finalizing a 0:07:11.040 --> 0:07:14.600 plant to prevent oil development across more than half the 0:07:14.720 --> 0:07:18.840 US government's Mammoth Petroleum Reserve in Alaska. The story from 0:07:18.960 --> 0:07:20.680 Washington and Bloomberg Steve Hotisk. 0:07:20.960 --> 0:07:23.720 This move is among a string of actions by President 0:07:23.760 --> 0:07:27.240 Biden to kurktailed development on federal lands and wall off 0:07:27.280 --> 0:07:30.520 more than forty one million acres for conservation. It comes 0:07:30.520 --> 0:07:33.720 as Biden seeks to gain support from young climate minded 0:07:33.800 --> 0:07:38.200 voters after disappointing some last year by authorizing Conneco Phillips 0:07:38.200 --> 0:07:42.040 massive Willow oil project. The administration is also moving to 0:07:42.080 --> 0:07:45.320 block road construction essential to opening a copper mine in 0:07:45.360 --> 0:07:49.080 the state. The moves have drawn condemnation from oil, gas 0:07:49.080 --> 0:07:52.520 and mining interests, who said the Biden administration is locking 0:07:52.640 --> 0:07:56.680 up resources essential for fueling America's energy needs today and 0:07:56.720 --> 0:07:59.960 in the future. That includes, they say, critical minerals for 0:08:00.120 --> 0:08:05.000 batteries and other technology in Washington. Steve Potisk Bloomberg. 0:08:04.560 --> 0:08:07.520 Radio Ukraine says at least to eight civilians were killed 0:08:07.560 --> 0:08:10.119 more than twenty injured in a strike in the country 0:08:10.200 --> 0:08:14.400 today after Russia launched another barrage, straining the country's dwindling 0:08:14.440 --> 0:08:17.920 air defenses, and San Francisco is the latest US city 0:08:17.960 --> 0:08:21.040 preparing to receive a pair of pandas from China in 0:08:21.120 --> 0:08:25.320 a continuation of Beijing's famed panda diplomacy. San Francisco mayor 0:08:25.360 --> 0:08:29.120 London Breed announcing the pandalona in Beijing this morning global 0:08:29.160 --> 0:08:31.080 news twenty four hours a day, whenever you want it 0:08:31.160 --> 0:08:34.560 with Bloomberg News Now. I'm John Tucker. This is Bloomberg, 0:08:34.640 --> 0:08:35.319 Karen and Nathan. 0:08:35.600 --> 0:08:42.240 All right, John, thank you, and it's time now for 0:08:42.280 --> 0:08:44.760 the Bloomberg Sports Update with Dan Schwartzman. 0:08:44.840 --> 0:08:47.679 Dan, good morning, Good morning, Karen and Nathan. The final 0:08:47.720 --> 0:08:50.559 two NBA playing games are coming up tonight Chicago. He's 0:08:50.640 --> 0:08:52.559 on the road of the Miami Heat tip off his 0:08:52.640 --> 0:08:55.120 seven o'clock PM. Winner of that will face the Boston 0:08:55.160 --> 0:08:58.319 Celtics in Game one on Sunday. Then later on it's 0:08:58.360 --> 0:09:01.240 the Sacramento Kings at the New Orleans Pelicans. The winner 0:09:01.240 --> 0:09:03.160 of that one will go as the eighth seed in 0:09:03.200 --> 0:09:06.800 the Western Conference at faci Oklahmoma City Thunder also on Sunday. 0:09:07.040 --> 0:09:09.559 The New York Knicks get underway on Saturday as they're 0:09:09.600 --> 0:09:12.240 home for the Philadelphia seventy six Ers in game one 0:09:12.360 --> 0:09:15.400 of their Round one matchup. Sixers head coach Nick Nurse 0:09:15.440 --> 0:09:17.280 talking about the Knicks, I think. 0:09:17.120 --> 0:09:19.440 They're for real. I think they're really good. I think 0:09:19.440 --> 0:09:22.520 they're they're fast. I think they can shoot. I think 0:09:22.559 --> 0:09:25.320 they hit the glass. I think they guard you. I 0:09:25.320 --> 0:09:28.880 think they've earned that seed. They've played really well and 0:09:28.920 --> 0:09:31.560 beaten a lot of good teams, so we'll have our 0:09:31.600 --> 0:09:33.360 work to do here in the next couple of days 0:09:33.360 --> 0:09:34.120 to get ready for him. 0:09:34.200 --> 0:09:37.640 That's courtesy of CBS three in Philadelphia. Light schedule in 0:09:37.679 --> 0:09:40.480 Major League Baseball last night, the Yankees were off the 0:09:40.559 --> 0:09:43.079 Giants shutting out the Diamondbacks five nothing at home. It 0:09:43.200 --> 0:09:45.599 was Red Sox losing a family Park to the Guardians 0:09:45.840 --> 0:09:48.560 five to four. Coming up tonight, the Yankees open up 0:09:48.559 --> 0:09:50.680 a weekend series in the Bronx as they host the 0:09:50.679 --> 0:09:53.400 Tampa Bay Rays. That men's opening up the series on 0:09:53.440 --> 0:09:56.160 the road in Los Angeles. Giants are home again for 0:09:56.200 --> 0:09:58.679 the Diamondbacks. The Red Sox are on the road at 0:09:58.720 --> 0:10:01.680 the Pirates. It's the National hosting the Houston Astros, while 0:10:01.679 --> 0:10:03.920 it's the Baltimore Orioles. They are on the road at 0:10:03.920 --> 0:10:07.880 the Kansas City Royals. The NHL Playoffs gets underway on Saturday, 0:10:08.120 --> 0:10:11.160 as the Islanders open Round one on the road at Carolina. 0:10:11.520 --> 0:10:14.640 It's the Boston Bruins their home for Toronto also on Saturday, 0:10:14.800 --> 0:10:17.199 while the New York Rangers, the winners of the President's 0:10:17.200 --> 0:10:19.720 Cup with the best record in the NHL, they open 0:10:19.800 --> 0:10:23.200 up their series versus the Washington Capitals on Sunday at 0:10:23.240 --> 0:10:26.920 Madison Square Garden. Rangers captain Jacob Truba assessing his team. 0:10:27.120 --> 0:10:30.360 Great lineup, great goaltenders front to back. I think we've 0:10:30.400 --> 0:10:32.680 got a deep lineup and just continue to play our game, 0:10:32.720 --> 0:10:36.040 and we've been good at bouncing back with adversity. There's 0:10:36.040 --> 0:10:38.440 going to be at versity as any times we're momentum swings. 0:10:38.480 --> 0:10:39.800 That's the playoffs. 0:10:39.880 --> 0:10:43.559 That's courtesy of Rangers dot Com. That's your Bloomberg Sports Update. 0:10:43.760 --> 0:10:45.600 I'm Dan Schwarzman, Karen and Nathan. 0:10:45.880 --> 0:10:48.480 All Right, Dan, thank you. SMP futures down half percent 0:10:48.559 --> 0:10:50.839 or twenty five points down, futures down four tenths of 0:10:51.040 --> 0:10:53.800 percent or one hundred and fifty seven points. Nasdaq futures 0:10:53.840 --> 0:10:56.160 down three quarters of a percent or one hundred and 0:10:56.160 --> 0:10:58.679 thirty points. In the ten year Treasury yeled four point 0:10:58.679 --> 0:10:59.640 five eight percent. 0:11:01.960 --> 0:11:06.000 Coast to coast on Bloomberg Radio nationwide on Sirius XM, 0:11:06.200 --> 0:11:09.080 and around the world on Bloomberg dot Com and the 0:11:09.120 --> 0:11:14.079 Bloomberg Business app. This is Bloomberg Daybreak. Good morning. I'm 0:11:14.120 --> 0:11:14.760 Nathan Hager. 0:11:14.800 --> 0:11:17.480 Middle East tensions are once again in the foreground with 0:11:17.640 --> 0:11:22.360 US officials saying Israel has launched a retaliatory strike against Iran, 0:11:22.520 --> 0:11:25.559 less than a week after Tehran's barrage of missiles and 0:11:25.640 --> 0:11:29.400 drones into Israeli territory. For the very latest, we are 0:11:29.480 --> 0:11:33.640 joined now by Bloomberg's Europe, Middle East, and Africa news 0:11:33.640 --> 0:11:37.360 director Rosalind Matheson Roz, Good morning. Can you get us 0:11:37.440 --> 0:11:39.680 up to speed on what we know at this point 0:11:39.760 --> 0:11:41.080 about this reported strike? 0:11:42.920 --> 0:11:44.439 Well, as you were saying, what we know is that 0:11:44.559 --> 0:11:48.200 US officials tell us that we did have this retaliatory 0:11:48.280 --> 0:11:53.040 strike where Israel has launched missiles against Iran. Local media 0:11:53.080 --> 0:11:55.679 reports say they were missiles that were five potentially from 0:11:55.720 --> 0:11:59.160 Israeli planes. These were larger areas in Iran, in the 0:11:59.160 --> 0:12:02.360 west and central of Iran. It's a town called a 0:12:02.400 --> 0:12:07.319 city called Isfahan that's located in a ring of air bases, 0:12:07.360 --> 0:12:11.280 military bases, but also some key nuclear facilities for Iran. 0:12:12.080 --> 0:12:14.760 It seems like the nuclear facilities were not targeted, were 0:12:14.800 --> 0:12:18.000 not hit, and are functioning as normal. But what may 0:12:18.040 --> 0:12:21.000 have been targeted was an airbase in the region, and 0:12:21.040 --> 0:12:24.280 that would obviously be about sending that message in responses 0:12:24.360 --> 0:12:28.840 you say to Iran striking Israel about a week ago 0:12:29.000 --> 0:12:32.240 for the first time from Iranian soil, and so we've 0:12:32.320 --> 0:12:35.800 kind of entered this era of tip for tat retaliation 0:12:35.920 --> 0:12:39.880 reprisals against each other. Both of these actions do seem, however, 0:12:39.960 --> 0:12:45.240 to be somewhat calibrated. They didn't target civilian populations and 0:12:45.280 --> 0:12:48.440 they have not targeted, in this case, Iranian's nuclear facilities. 0:12:48.480 --> 0:12:50.880 So the question is is this enough to keep this 0:12:50.960 --> 0:12:53.719 conflict from simmering over Do they both look at each 0:12:53.720 --> 0:12:56.040 other and say this is not enough to set off 0:12:56.120 --> 0:12:58.720 the regional conflict that markets and others have been fearing 0:12:58.800 --> 0:13:00.800 might happen point rise. 0:13:00.840 --> 0:13:03.520 As you mentioned, Israeli media are saying this was a 0:13:03.520 --> 0:13:06.640 missile strike. We're hearing reports from Iranian state media that 0:13:06.640 --> 0:13:09.600 they're calling it a drone attack and that the explosions 0:13:09.679 --> 0:13:13.800 over the third largest city in Iran, Isfahan, were caused 0:13:13.880 --> 0:13:17.079 by Iran's air defenses. What does that say about how 0:13:17.120 --> 0:13:21.240 this could potentially reduce tensions going forward. 0:13:22.600 --> 0:13:25.199 Well, it's interesting you say, Iran seems quite keen, and 0:13:25.240 --> 0:13:27.920 there's a bit of heaterd rhetoric coming from Iran immediately, 0:13:27.960 --> 0:13:30.880 as you can imagine, but also the sense that they 0:13:30.960 --> 0:13:32.120 don't want to overplay this. 0:13:32.240 --> 0:13:34.880 There's certainly in a way downplaying it on their state media. 0:13:34.960 --> 0:13:38.880 On their broadcasting this morning, they're showing footage of Isfahan, 0:13:39.200 --> 0:13:42.360 of their nuclear site, looking business very much as usual, 0:13:42.400 --> 0:13:45.240 traffic moving along and so such, and they're saying there 0:13:45.280 --> 0:13:48.520 was some drone action, but their air defenses were activated, 0:13:48.640 --> 0:13:52.679 whereas Israeli media say this was actually a missile strike 0:13:53.360 --> 0:13:54.040 from Israel. 0:13:54.280 --> 0:13:55.640 But it does point to that thing. 0:13:55.679 --> 0:13:58.960 As you say, even though we've got strong posturing from 0:13:59.040 --> 0:14:02.480 Israel and Iran all of this, and we've got Iran's 0:14:02.480 --> 0:14:06.720 proxies activated in the region and Israel is basically fighting 0:14:06.720 --> 0:14:09.840 those proxies as well, that everyone knows if this does 0:14:10.120 --> 0:14:12.760 bill into a full bare regional conflict that pulls in 0:14:13.120 --> 0:14:15.760 potentially other actors, potentially the US. 0:14:15.920 --> 0:14:17.520 You know, real impact on things. 0:14:17.400 --> 0:14:20.480 Are all supplied globally that we're kind of moving into 0:14:20.520 --> 0:14:23.240 unprecedented territory then, and even Iran knows that that would 0:14:23.240 --> 0:14:23.960 be self defeating. 0:14:24.720 --> 0:14:27.400 And when we have Iran sort of downplaying this and 0:14:27.560 --> 0:14:31.480 reports from some hawkish officials in Israel, like the National 0:14:31.480 --> 0:14:35.080 Security Minister going on x and describing the attack as weak, 0:14:35.800 --> 0:14:38.200 what does that say about how Israel could go forward 0:14:38.240 --> 0:14:40.560 with this, Well, there is. 0:14:40.520 --> 0:14:43.200 That difficulty, and domestically in Israel. 0:14:43.200 --> 0:14:47.360 I mean the Israeli Prime Minister Bena, who basically made 0:14:47.360 --> 0:14:50.040 a bet, he tied his fortunes to the far right 0:14:50.480 --> 0:14:52.760 in Israel to stay in office, and now he's having 0:14:52.800 --> 0:14:55.680 to deal with the implications of that. And even you know, 0:14:55.800 --> 0:14:58.680 in his war Cabinet, in his ministry, he's got those 0:14:58.720 --> 0:15:02.160 elements who are pushing him, pushing him to take further action, 0:15:02.280 --> 0:15:04.840 but they're also saying, you need to keep your focus 0:15:04.880 --> 0:15:06.840 on the main thing here for Israel, which for them 0:15:06.960 --> 0:15:10.480 is still the conflict in Gaza, the conflict against Tamas 0:15:10.520 --> 0:15:13.920 and Gaza, and also fending off Hasbalah from the north 0:15:13.920 --> 0:15:14.480 in Lebanon. 0:15:14.520 --> 0:15:17.440 Europe. Being too many fronts here it becomes difficult. 0:15:17.880 --> 0:15:20.200 And some of those voices you know that we're hearing 0:15:20.200 --> 0:15:22.760 this morning, saying that whatever Israel did was weak, that 0:15:22.880 --> 0:15:25.560 needs to be more. They aren't actually in the war cabinet, 0:15:25.600 --> 0:15:28.200 so they're not they're making the military decisions, but they 0:15:28.240 --> 0:15:31.080 are pushing him from the sidelines. The question is, you've 0:15:31.080 --> 0:15:33.680 also at the US and others urging restraints. So all 0:15:33.680 --> 0:15:37.000 these competing factors going on for Benjamin Netnyahu. 0:15:37.040 --> 0:15:38.880 But again there seems to be a lot of messaging 0:15:38.920 --> 0:15:39.640 this morning on is. 0:15:39.640 --> 0:15:43.280 Rerad ATV about the need to keep focused on Israel's 0:15:43.280 --> 0:15:45.600 goals when it comes to its war in Gaza, and. 0:15:45.720 --> 0:15:48.720 Just thirty seconds left, where does this leave the war 0:15:48.800 --> 0:15:49.680 in Gaza now? 0:15:51.240 --> 0:15:54.080 Well, Israel insists very much still its attention is to 0:15:54.280 --> 0:15:57.000 mount that offensive inside Raphae in the south. That's where 0:15:57.000 --> 0:16:00.160 we've got a lot of Palestinian civilians clustered, and it's 0:16:00.160 --> 0:16:01.800 going to happen sooner. 0:16:01.600 --> 0:16:02.200 Rather than later. 0:16:02.280 --> 0:16:05.440 We'd obviously get telegraphed because Israel have to encourage people 0:16:05.440 --> 0:16:07.440 and move them out of the way to do so. 0:16:07.600 --> 0:16:10.560 But certainly there's no sense from Israel that they're being 0:16:10.600 --> 0:16:12.040 deterred in that goal. 0:16:12.160 --> 0:16:13.640 So that's probably the next thing to look for. 0:16:13.680 --> 0:16:16.280 At some point, do we see that offensive beginning rougher 0:16:16.400 --> 0:16:17.560 in the south New Egypt. 0:16:17.920 --> 0:16:21.000 This is Bloomberg Daybreak Today, your morning brief on the 0:16:21.040 --> 0:16:24.440 stories making news from Wall Street to Washington and beyond. 0:16:24.720 --> 0:16:27.520 Look for us on your podcast feed at six am 0:16:27.600 --> 0:16:31.240 Eastern each morning on Apple, Spotify, and anywhere else you 0:16:31.320 --> 0:16:32.480 get your podcasts. 0:16:32.600 --> 0:16:35.280 You can also listen live each morning starting at five 0:16:35.360 --> 0:16:37.920 Am Wall Street Time on Bloomberg eleven three to zero 0:16:38.000 --> 0:16:40.800 in New York, Bloomberg ninety nine to one in Washington, 0:16:40.960 --> 0:16:43.800 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:43.880 --> 0:16:45.560 ninety sixty in San Francisco. 0:16:45.960 --> 0:16:49.120 Our flagship New York station is also available on your 0:16:49.160 --> 0:16:54.520 Amazon Election devices. Just say Alexa play Bloomberg eleven thirty plus. 0:16:54.640 --> 0:16:58.040 Listen coast to coast on the Bloomberg Business app, Sirius XM, 0:16:58.160 --> 0:17:01.760 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan 0:17:01.760 --> 0:17:03.360 Hager and I'm Karen Moscow. 0:17:03.560 --> 0:17:06.320 Join us again tomorrow morning for all the news you 0:17:06.440 --> 0:17:09.640 need to start your day right here on Bloomberg Daybreak