Tensions Rise as US Troops Killed; Earnings & Fed Decision This Week

Good morning. 0:00:03.080 --> 0:00:05.920 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:05.960 --> 0:00:07.440 stories we're following today. 0:00:07.760 --> 0:00:10.559 Karen, we begin with rising tensions in the Middle East. 0:00:10.600 --> 0:00:15.239 The White House says Iranian backed militants killed three US soldiers. 0:00:14.720 --> 0:00:16.439 In a drone strike over the weekend. 0:00:16.480 --> 0:00:19.279 Now, Tran has denied any involvement in the attacks, but 0:00:19.520 --> 0:00:23.200 President Biden is facing mounting pressure to confront Iran over 0:00:23.280 --> 0:00:25.400 its support of militant organizations. 0:00:25.480 --> 0:00:28.200 Bloomberg's Ed Baxter has the story, this. 0:00:28.320 --> 0:00:31.400 Is coming as an attack by militants and Jordan killed 0:00:31.400 --> 0:00:34.880 three troops and wounded twenty five others. There are discussions 0:00:34.960 --> 0:00:38.879 underway regarding a number of options, including covert operations and 0:00:39.360 --> 0:00:42.480 multiple military strikes. The new Chair of the Joint Chiefs 0:00:42.479 --> 0:00:45.760 of Staff, General C. Q. Brown, says questions in the 0:00:45.760 --> 0:00:47.959 Middle East boiled down now to deterrence. 0:00:48.040 --> 0:00:49.960 We think about the approach we take. 0:00:50.000 --> 0:00:53.159 We want to ensure that we take away capability while 0:00:53.159 --> 0:00:55.840 we protect our forces at the same time, not have 0:00:55.960 --> 0:00:57.280 this brought into. 0:00:58.680 --> 0:00:59.760 A much wider conflict. 0:01:00.000 --> 0:01:03.000 How the attacks so far have slowed down the Iranian 0:01:03.080 --> 0:01:06.199 proxies at Baxter Bloomberg Radio, All. 0:01:06.160 --> 0:01:08.520 Right, and thanks now to the latest on the Israel 0:01:08.560 --> 0:01:11.679 Hamas war. Benjamin at and Yahoo says a summit to 0:01:11.720 --> 0:01:15.160 negotiate the return of hostages held by Hamas in exchange 0:01:15.160 --> 0:01:20.560 for a ceasefire in Gaza was constructive, but significant gaps remain. 0:01:21.000 --> 0:01:24.360 Spy chiefs and top officials from Cutter Egypt, the US, 0:01:24.360 --> 0:01:26.720 and Israel met to try to secure the release of 0:01:26.760 --> 0:01:30.920 more than one hundred hostages taken from Israel on October seventh. 0:01:30.640 --> 0:01:32.080 And back here in the US Karen. 0:01:32.120 --> 0:01:35.760 Former President Donald Trump faces a pair of major legal 0:01:35.840 --> 0:01:38.520 verdicts in New York that risk wiping out most, if 0:01:38.560 --> 0:01:41.399 not all, of the cash he claims to have on hand. 0:01:41.720 --> 0:01:44.640 Bloomberg Zamy Morris reports Donald. 0:01:44.240 --> 0:01:46.679 Trump was ordered to pay more than eighty three million 0:01:46.720 --> 0:01:50.280 dollars to writer Ajen Carroll for defaming her. Also, a 0:01:50.400 --> 0:01:53.120 verdict is expected this week in New York's civil fraud 0:01:53.160 --> 0:01:55.840 trial asking for three hundred and seventy million dollars in 0:01:55.920 --> 0:01:59.080 illegal profits Trump allegedly made by lying to get better 0:01:59.160 --> 0:02:02.600 terms on loans. He also faces mounting legal bills after 0:02:02.640 --> 0:02:06.360 being charged with ninety one criminal offenses in four criminal cases. 0:02:06.600 --> 0:02:09.840 Trump's campaign finances are reportedly still strong, but he's not 0:02:09.919 --> 0:02:12.120 allowed to use that to pay for those verdicts. The 0:02:12.120 --> 0:02:15.560 Bloomberg Billionaire's Index places Trump's liquid assets at about six 0:02:15.639 --> 0:02:19.160 hundred million dollars, although his exact financial status is unknown. 0:02:19.360 --> 0:02:21.000 Amy Moore as Bloomberg radio. 0:02:21.040 --> 0:02:23.400 Er Amy thanks ash for the other Republican and the 0:02:23.480 --> 0:02:27.040 presidential race, Nikki Haley is saying she'll keep her campaign 0:02:27.120 --> 0:02:30.440 going at least through Super Tuesday. The former South Carolina 0:02:30.480 --> 0:02:33.320 governor says she doesn't need to win her home state 0:02:33.440 --> 0:02:35.040 next month to stay competitive. 0:02:35.240 --> 0:02:36.760 What I do think I need to do is I 0:02:36.800 --> 0:02:38.920 need to show that I'm building momentum. I need to 0:02:38.919 --> 0:02:41.920 show that I'm stronger in South Carolina than New Hampshire. 0:02:41.919 --> 0:02:43.440 Does that have to be a win? I don't think 0:02:43.440 --> 0:02:45.800 that necessarily has to be a win, but it certainly 0:02:45.840 --> 0:02:47.680 has to be better than what I did New Hampshire, 0:02:47.680 --> 0:02:49.120 and it certainly has to be close. 0:02:49.440 --> 0:02:52.800 Nicki Haley, speaking on NBC's meetha Press stop, short of 0:02:52.840 --> 0:02:56.080 committing to remain in the race through the Republican nominating 0:02:56.080 --> 0:02:57.160 Convention in July. 0:02:57.600 --> 0:03:00.000 Turning to Wall Street Careen, this is a huge week 0:03:00.080 --> 0:03:02.600 on the economic front. It's highlighted by a FED decision 0:03:02.680 --> 0:03:05.200 and the jobs report Let's get a preview now from 0:03:05.240 --> 0:03:06.560 Bloomberg's Michael McKee. 0:03:06.760 --> 0:03:09.400 A data dependent FED gets a lot of data this week, 0:03:09.440 --> 0:03:12.160 although most of it comes as and after they meet. 0:03:12.280 --> 0:03:15.200 The week's headliner is the Central Bank meeting. No change 0:03:15.200 --> 0:03:17.960 in rates expected, but global Wall Street will be looking 0:03:17.960 --> 0:03:21.079 for hints from Chairman Jay Powell about when rate cuts 0:03:21.120 --> 0:03:23.799 may come. The first half of the week sees consumer 0:03:23.919 --> 0:03:27.200 confidence the White House will be watching closely, and then 0:03:27.360 --> 0:03:30.600 a lot of labor data job Opening's ADP, employment, the 0:03:30.639 --> 0:03:34.600 Employment Cost Index, jobless claims capped Friday by the government's 0:03:34.720 --> 0:03:39.600 January Jobs report. All will feed into rate cut timing expectations. 0:03:39.960 --> 0:03:41.480 Michael McKee, Bloomberg Radio. 0:03:41.640 --> 0:03:43.920 All right, Mike, thanks well. It's an equally big week 0:03:43.960 --> 0:03:46.920 on the equity side, with some of the Magnificent Seven 0:03:47.040 --> 0:03:49.040 leading a barrage of earnings on Wall Street. And we 0:03:49.080 --> 0:03:51.240 get more from Bloomberg's John Tucker. 0:03:51.320 --> 0:03:53.880 And Karen They have led the major stocky indexes to 0:03:53.960 --> 0:03:58.880 record high's. Microsoft and Alphabet report earnings tomorrow, Apple, Amazon 0:03:58.920 --> 0:04:02.320 Meta platforms. They when their books on Thursday last week. 0:04:02.360 --> 0:04:05.800 You recall Microsoft joined the three trillion dollar club, which 0:04:05.840 --> 0:04:08.480 so far has only two members. The other being Apple. 0:04:08.880 --> 0:04:11.680 Analysts say AI will boost just about every part of 0:04:11.800 --> 0:04:16.000 Microsoft's portfolio. Apple's reliance on the iPhone that is an 0:04:16.000 --> 0:04:19.280 investor concern, with the earnings of the so called Magnificent 0:04:19.360 --> 0:04:22.560 Seven expected to have grown forty seven percent. That's according 0:04:22.560 --> 0:04:27.040 to data compiled by Bloomberg Intelligence. John Tucker Bloomberg Radio. 0:04:27.240 --> 0:04:30.800 Okay, John, Thanks, in Asia, we have major developments involving Evergrand. 0:04:30.839 --> 0:04:33.599 A court in Hong Kong has ordered the liquidation of 0:04:33.640 --> 0:04:37.640 the massive Chinese developer. Bloomberg Daybreak Asia anchor Brian Curtis 0:04:37.680 --> 0:04:39.040 has more from Hong Kong. 0:04:39.000 --> 0:04:42.800 Evigrand was unable to reach a restructuring agreement with creditors 0:04:42.839 --> 0:04:45.720 even after an eight week reprieve by the court. It's 0:04:45.760 --> 0:04:49.119 been a long and winding road to this winding up order, 0:04:49.360 --> 0:04:52.840 and he will send ripples through China's financial markets. Evigrind 0:04:52.920 --> 0:04:56.880 shares dropped twenty one percent before being suspended. The liquidator 0:04:57.040 --> 0:05:00.599 is likely to face a daunting process. Though most emigrant 0:05:00.640 --> 0:05:03.960 projects are operated by local units, it could be difficult 0:05:04.040 --> 0:05:07.200 for an offshore liquidator to seize them in Hong Kong. 0:05:07.279 --> 0:05:09.040 Brian Curtis, Bloomberg Radio. 0:05:08.960 --> 0:05:11.600 All right, Brian, thanks well In Europe. Shares that Ryanair 0:05:11.720 --> 0:05:14.920 are down more than two percent, the discount carrier trimming 0:05:14.920 --> 0:05:16.120 its earnings forecast. 0:05:16.240 --> 0:05:18.520 The company is a big customer for Boeing. 0:05:18.600 --> 0:05:21.680 Brian Air Chief financial Officer Neil Sorahan says he does 0:05:21.720 --> 0:05:24.520 not see the grounding of the Max nine adding disruption 0:05:24.880 --> 0:05:26.279 to its delivery schedule. 0:05:26.560 --> 0:05:29.040 I think things are moving in the right direction, but 0:05:29.120 --> 0:05:31.839 you know, they just need to make sure that you know, 0:05:32.240 --> 0:05:36.040 we're getting high quality aircraft on time all the time. 0:05:36.440 --> 0:05:40.120 RYANAIRCFO Neil Sorahan said the company would happily snap up 0:05:40.160 --> 0:05:43.039 any extra Boeing jets if they become available. 0:05:43.279 --> 0:05:46.680 And shares of Phillips are down more than six percent overseas. 0:05:46.760 --> 0:05:50.600 Caaren the Dutch manufacturers suspending sales of sleep apnea devices. 0:05:50.200 --> 0:05:51.640 And ventilators in the US. 0:05:51.839 --> 0:05:54.080 That's after Phillips reached an agreement with the US Food 0:05:54.120 --> 0:05:57.919 and Drug Administration over its faulty medical equipment. We have 0:05:57.960 --> 0:06:01.600 more global headlines and a check of sports. Next, this 0:06:02.160 --> 0:06:03.479 is bloomberg. 0:06:06.600 --> 0:06:07.359 Ry, thanks to Nathan. 0:06:07.440 --> 0:06:08.760 It's time now for a look at some of the 0:06:08.760 --> 0:06:10.919 other stories making news around the world, and for that 0:06:10.960 --> 0:06:12.680 we're joined by Bloomberg's Amy Moore. 0:06:12.760 --> 0:06:15.920 Is Amy, Good morning, Good morning, Karen. A House Republican 0:06:16.040 --> 0:06:20.039 is calling Homelands Charity Secretary Alejandra Mayorcas the architect of 0:06:20.120 --> 0:06:25.120 destruction and says his actions warrant impeachment. Texas Congressman Michael 0:06:25.200 --> 0:06:28.800 McCall on Fox News Sunday says Mayorcas is solely responsible 0:06:28.839 --> 0:06:30.960 for the amount of fentanyl and the number of people 0:06:31.000 --> 0:06:33.200 on the terror watch list that have come into the 0:06:33.360 --> 0:06:35.720 US across the southern border. 0:06:35.480 --> 0:06:38.919 Eight million encounters, three hundred on the terror watch list, 0:06:39.400 --> 0:06:42.799 two hundred million people dead now thanks to fetnel poising. 0:06:43.120 --> 0:06:45.880 McCall accused Mayorcis of dereliction of duty and breach of 0:06:45.920 --> 0:06:49.760 the public trust. House Republicans released two articles of impeachment 0:06:49.920 --> 0:06:53.400 yes yesterday. The House Homelands Charity Committee is scheduled to 0:06:53.400 --> 0:06:56.320 meet tomorrow to determine if it will move impeachment to 0:06:56.360 --> 0:06:59.360 a vote on the House floor. A Democratic senator who's 0:06:59.360 --> 0:07:02.120 been helping the gociate a bipartisan deal on US border 0:07:02.160 --> 0:07:06.400 security says Republicans can choose between border reform or Trump chaos. 0:07:06.600 --> 0:07:08.520 Bloomberg's Scott car with that story. 0:07:08.720 --> 0:07:11.880 Bipartisan bill would give the president new emergency authority to 0:07:11.960 --> 0:07:15.640 close the US border when it becomes overwhelmed, something President 0:07:15.640 --> 0:07:18.960 Biden says he might do if Congress approves it. Republican 0:07:19.000 --> 0:07:21.880 House Speaker Mike Johnson, however, is indicated the deal would 0:07:21.920 --> 0:07:24.760 be dead on a rival in the Republican controlled House. 0:07:25.000 --> 0:07:27.760 Senator Chris Murphy of Connecticut tell CNN State of the 0:07:27.840 --> 0:07:30.160 Union the text is done on the bill that's tied 0:07:30.200 --> 0:07:33.080 to critical aid for Ukraine and its war against Russia. 0:07:33.120 --> 0:07:37.400 Bloomber Scott car reporting, California Governor Gavin Newsom says getting 0:07:37.440 --> 0:07:39.560 the vote out is what Democrats need to do to 0:07:39.640 --> 0:07:42.520 keep a third party candidate from being a spoiler. In November, 0:07:42.960 --> 0:07:46.120 he spoke out while on ABC's This Week against efforts 0:07:46.160 --> 0:07:49.480 by some Democrats to keep third party candidates off the ballot. 0:07:49.840 --> 0:07:53.400 When you try to suppress choice and voice, it tends 0:07:53.400 --> 0:07:54.040 to backfire. 0:07:54.240 --> 0:07:56.680 He also urged Democrats to check the platform of the 0:07:56.680 --> 0:08:00.040 No Label's third party movement, saying it literally quote it 0:08:00.080 --> 0:08:03.240 reads as the accomplishment list of the Biden Harris administration. 0:08:03.800 --> 0:08:06.760 He called no labels a solution in search of a problem. 0:08:07.240 --> 0:08:10.400 President Biden says the US will respond after three American 0:08:10.480 --> 0:08:13.440 service members were killed in an overnight drone attack in Jordan. 0:08:13.800 --> 0:08:16.400 Biden held a moment of silence for the soldiers killed 0:08:16.440 --> 0:08:19.160 during an event in a South Carolina yesterday, calling it 0:08:19.200 --> 0:08:21.200 a tough day in the Middle East. The White House 0:08:21.240 --> 0:08:24.320 is blaming radical Iran backed militant groups for that strike. 0:08:24.800 --> 0:08:27.160 Global news twenty four hours a day, whenever you want 0:08:27.160 --> 0:08:29.800 it with Bloomberg News Now. I'm Amy Morris and this 0:08:29.840 --> 0:08:30.800 is Bloomberg Karen. 0:08:30.880 --> 0:08:32.360 All right, Amy, thank you. What we do bring you 0:08:32.440 --> 0:08:35.600 news throughout the day right here on Bloomberg Radio. But 0:08:35.679 --> 0:08:38.720 now you can get the latest news on demand whenever 0:08:38.880 --> 0:08:42.040 you want it. Just subscribe to a Bloomberg News Now 0:08:42.080 --> 0:08:44.079 to get the latest headlines of the click of a button. 0:08:44.440 --> 0:08:47.600 Get informed on your schedule. You can listen and subscribe 0:08:47.640 --> 0:08:50.959 to Bloomberg News Now on the Bloomberg Business Now, Bloomberg 0:08:51.000 --> 0:08:54.560 dot Com plus Apples, Spotify, or anywhere else you get 0:08:54.559 --> 0:09:01.839 your podcasts. Time Now of the Bloomberg Sports Update, here's 0:09:01.920 --> 0:09:04.439 John stash Hour John Karen. 0:09:04.600 --> 0:09:08.680 Conference Championships Sunday began in Baltimore, first championship game played 0:09:08.679 --> 0:09:11.000 there since nineteen seventy one. The Chiefs the Tenning Super 0:09:11.040 --> 0:09:13.280 Bowl champs, but the Ravens the favorites based on a 0:09:13.280 --> 0:09:16.000 regular season where they outscored the opponent by more than 0:09:16.040 --> 0:09:18.840 two hundred points, and yet Kansas City started the game 0:09:18.920 --> 0:09:23.080 with touchdown drives that covered eighty six and seventy five yards. 0:09:23.080 --> 0:09:25.800 The second one lasted nine minutes. They led seventeen to 0:09:25.800 --> 0:09:29.200 seven at halftime, and the AFC title game remained scoreless 0:09:29.280 --> 0:09:32.480 until a late Baltimore field goal. Chiefs won seventeen to ten. 0:09:32.520 --> 0:09:34.319 They're going to the Super Bowl fourth time in the 0:09:34.400 --> 0:09:37.280 last five years, and in Las Vegas they'll try to 0:09:37.320 --> 0:09:39.280 win their third. The first win came when they beat 0:09:39.320 --> 0:09:41.959 the forty nine Ers four years ago. They will play 0:09:42.040 --> 0:09:45.160 them again. The Niners NFC champs, with a huge comeback 0:09:45.200 --> 0:09:48.200 at home on Detroit trailed twenty four to seven and a 0:09:48.200 --> 0:09:50.680 half time, and then scored the next twenty seven points 0:09:50.679 --> 0:09:53.760 to win thirty four to thirty one. They had seventeen 0:09:53.760 --> 0:09:56.840 points in an eight minute span. The Lions helped them 0:09:56.840 --> 0:10:00.200 out a costly fumble, two incomplete passes on fourth down 0:10:00.240 --> 0:10:02.440 at tempt when they could have tried a makeable field goal. 0:10:02.880 --> 0:10:05.360 The Lions' best season in sixty six years comes to 0:10:05.360 --> 0:10:07.959 an end. The Niners have been made a very slight 0:10:08.000 --> 0:10:10.959 favorite to beat the Chiefs in Super Bowl fifty eight. 0:10:11.320 --> 0:10:15.000 Twenty two year old Yannick Singer, Australian Open champion, only 0:10:15.040 --> 0:10:18.320 the second time in Italian has won a men's singles 0:10:18.360 --> 0:10:19.400 Grand Slam in the. 0:10:19.320 --> 0:10:20.600 First and forty eight years. 0:10:20.600 --> 0:10:23.560 He came from two sets down to beat the Neil Medvedet, 0:10:23.760 --> 0:10:26.880 top two in college basketball. Both won Yukon by forty 0:10:26.960 --> 0:10:30.920 three over Xavier Perdue one at lucer. John Stashwa Bloomberg 0:10:30.960 --> 0:10:32.400 Sports kem all. 0:10:32.320 --> 0:10:34.400 Right, John, thanks well, straight ahead, We're going to get 0:10:34.400 --> 0:10:36.240 the very latest out of the Middle East. Will be 0:10:36.320 --> 0:10:40.600 joined by Bloomberg News Senior editor Bill Ferries. And ahead 0:10:40.600 --> 0:10:44.040 of that discussion, SMP futures our little change this morning. 0:10:44.360 --> 0:10:47.280 Down Futures down a tenth of up percent, down about 0:10:47.280 --> 0:10:50.240 forty eight points, and Nasdaq Future is higher, up two 0:10:50.280 --> 0:10:52.719 tenths of up percent, or about thirty four points. A 0:10:52.760 --> 0:10:56.160 ten year Treasury up ten thirty seconds, held four point 0:10:56.240 --> 0:10:58.960 one zero percent, the yield on the two year at 0:10:58.960 --> 0:11:00.480 four point three to two percent. 0:11:00.920 --> 0:11:03.160 And this is Bloomberg. 0:11:04.960 --> 0:11:07.960 From coast to coast, from New York to San Francisco, 0:11:08.280 --> 0:11:12.959 Boston to Washington, DC, nationwide on Syrias exam the Bloomberg 0:11:13.000 --> 0:11:17.160 Business app and Bloomberg dot Com. This is Bloomberg Daybreak. 0:11:18.160 --> 0:11:21.400 Good morning. I'm Nathan Hager. President Biden is vowing the 0:11:21.520 --> 0:11:25.120 US will respond in a time and manner of its choosing, 0:11:25.240 --> 0:11:28.440 following the killings of three US soldiers in a drone 0:11:28.520 --> 0:11:31.520 strike in northeast Jordan. These are the first American deaths 0:11:31.559 --> 0:11:35.000 under enemy fire since the start of the Israel Hamas War, 0:11:35.040 --> 0:11:37.559 and they risk precisely the kind of escalation in the 0:11:37.559 --> 0:11:41.040 Middle East that this president has been trying to avoid. 0:11:41.160 --> 0:11:43.400 So for more we are joined now by Bloomberg News 0:11:43.440 --> 0:11:47.400 Senior editor Bill Ferries. Bill, the President does face a 0:11:47.679 --> 0:11:51.720 very difficult decision after this drone attack. What are his 0:11:51.840 --> 0:11:53.960 options now, Well. 0:11:53.840 --> 0:11:57.600 You're right, Nathan, the US has vowed to respond to 0:11:57.640 --> 0:12:00.400 this attack. As you said, it's the first America deaths 0:12:00.400 --> 0:12:04.959 of American soldiers since this war started. And I think 0:12:05.040 --> 0:12:07.360 it's going to have to be a very delicate response 0:12:07.960 --> 0:12:12.120 because these are proxy groups and not actually you know, 0:12:12.240 --> 0:12:17.040 Iranian military or the Iranian government directly behind them. I 0:12:17.080 --> 0:12:19.640 think that's going to require the US to do some 0:12:19.679 --> 0:12:24.360 sort of calibration. It can look at targeting facilities that 0:12:24.400 --> 0:12:28.439 these different groups have in places like in places like Syria, Iraq, 0:12:28.520 --> 0:12:34.000 and even in Iran, but it probably has to distinguish 0:12:34.120 --> 0:12:37.880 its response from attacking an attack on Iran directly or 0:12:37.880 --> 0:12:41.520 on Iranian government facilities, because once you have a nation 0:12:41.679 --> 0:12:45.160 state going against another nation state, that would be exactly 0:12:45.200 --> 0:12:47.719 the kind of escalation that I think the US and 0:12:47.760 --> 0:12:50.520 a lot of other countries have sought to avoid. There 0:12:50.559 --> 0:12:54.560 also could very well be a very covert response to this. 0:12:55.400 --> 0:12:57.520 There could be some sort of a you know, the 0:12:57.600 --> 0:13:02.320 big hacking attack that's unleashed on ira facilities. There could 0:13:02.400 --> 0:13:04.520 be other things going on behind the scenes. But I 0:13:04.559 --> 0:13:08.280 think the fact that you have three US troops killed, 0:13:08.559 --> 0:13:13.080 I think that requires something of a public response as well. 0:13:13.120 --> 0:13:16.120 So you could have both, but there is likely to 0:13:16.160 --> 0:13:17.600 be some sort of a public response. 0:13:17.880 --> 0:13:20.200 It does sound though, like the kind of options that 0:13:20.200 --> 0:13:22.400 you laid out are similar to what the US has 0:13:22.400 --> 0:13:25.880 been mounting against the Hooti rebels in Yemen to try 0:13:25.880 --> 0:13:28.120 to deter the red sea attacks. But at this point 0:13:28.160 --> 0:13:30.240 it doesn't seem to have had much effect on red 0:13:30.280 --> 0:13:32.240 sea shipping right. 0:13:32.320 --> 0:13:34.800 I think, you know, the administration's argument has been that 0:13:34.800 --> 0:13:38.040 they're hitting these stockpiles of weapons that the Jutis had. 0:13:38.080 --> 0:13:41.400 They're they're hitting different facilities, they're looking at a missile 0:13:41.480 --> 0:13:45.240 launchers right before right when they're loaded up, and that 0:13:45.320 --> 0:13:48.360 it will over time they will have, you know, significantly 0:13:48.400 --> 0:13:51.360 degraded the UTI's ability to do this. But you're you're right, 0:13:51.400 --> 0:13:53.920 it hasn't stopped them. If they can just get one 0:13:53.960 --> 0:13:56.520 missile off that hits a ship, they've kind of achieved 0:13:56.559 --> 0:13:59.120 their goal in that kind of attack. So it's very 0:13:59.120 --> 0:14:02.160 hard to shut that down entirely. And the big question 0:14:02.320 --> 0:14:05.840 is on this latest incident is if they do hit 0:14:06.600 --> 0:14:12.359 a proxy, Iranian proxy's facilities or personnel or weapons depots, 0:14:13.000 --> 0:14:17.559 will that really be enough to make those groups think twice? 0:14:18.160 --> 0:14:21.640 And in the meantime, the US is trying to de 0:14:21.800 --> 0:14:27.560 escalate things in the Gaza Strip and foster further negotiations 0:14:27.920 --> 0:14:32.120 between Israel and Hamas in getting hostages released. We had 0:14:32.120 --> 0:14:35.320 a summit in Paris over the weekend. What's the sense 0:14:35.360 --> 0:14:37.880 about how that's going well. 0:14:37.960 --> 0:14:41.400 I think you're right, the latest tensions with Iran could 0:14:41.440 --> 0:14:44.120 really work to derail that. What we're seeing come out 0:14:44.160 --> 0:14:47.080 of these talks so far is there's reports that a 0:14:47.160 --> 0:14:51.560 deal could be underway that would involve basically a cessation 0:14:51.760 --> 0:14:55.560 of the conflict in Gaza. For weeks, possibly more than 0:14:55.600 --> 0:14:59.160 a month, we had Israeli Prime Minister Benjamin Netanyah who 0:14:59.160 --> 0:15:01.360 come out and saying that the sides are very far 0:15:01.440 --> 0:15:04.200 apart at this point. But it is, you know, I 0:15:04.480 --> 0:15:07.600 think it is. It's a positive that there's some of 0:15:07.600 --> 0:15:10.120 these discussions going on. I don't think you're going to 0:15:10.160 --> 0:15:12.520 hear either side budge until they get right up to 0:15:12.560 --> 0:15:16.280 an agreement and are ready to announce. But this latest 0:15:16.280 --> 0:15:19.760 attack on the US forces and the possible escalation with Iran, 0:15:20.120 --> 0:15:22.120 that will throw a lot of this into question. If 0:15:22.160 --> 0:15:25.440 there is, if there is a broader conflict, Iran is 0:15:25.920 --> 0:15:27.960 likely to strike out at a range of targets and 0:15:28.000 --> 0:15:30.120 that's not gonna that's really not going to make things 0:15:30.160 --> 0:15:31.000 easier in Gaza. 0:15:31.440 --> 0:15:33.960 So in our last minute, are we hearing anything further 0:15:34.040 --> 0:15:38.480 from US or Israeli allies about how they could respond 0:15:38.680 --> 0:15:42.440 to what's been happening with the US soldiers killed as 0:15:42.480 --> 0:15:45.360 well as with what's happening in the Gaza strip. 0:15:46.160 --> 0:15:48.640 Well, there's been you know, the condemnation you would expect, 0:15:48.680 --> 0:15:53.080 and also you know, a plea from Jordan for more 0:15:54.080 --> 0:15:57.200 more weapons and defensive weapons to help it sort of 0:15:57.240 --> 0:16:00.600 protect its borders. This this latest attack to place up 0:16:00.600 --> 0:16:03.440 in the northeast corner of Jordan, and it's close to 0:16:03.480 --> 0:16:06.280 where Isis once had a very strong base. That's why 0:16:06.320 --> 0:16:09.120 the US troops are there, and why the US troops 0:16:09.160 --> 0:16:12.080 are just over the border along that highway that leads 0:16:12.080 --> 0:16:16.760 from I Rock into Syria. But I think you have 0:16:16.840 --> 0:16:20.960 all sides very much holding their breath to see whether 0:16:21.240 --> 0:16:24.600 this attack on US forces results in something much bigger 0:16:24.600 --> 0:16:27.080 in the coming hours or coming days. 0:16:27.120 --> 0:16:30.000 That will be following. Thank you, Bill, as always. Bill Ferries, 0:16:30.040 --> 0:16:33.960 senior editor for Bloomberg News, on the heightened tensions in 0:16:34.000 --> 0:16:37.200 the Middle East following that drone strike at northeast Jordan 0:16:37.280 --> 0:16:41.680 that claimed three American lives over the weekend. This is 0:16:41.680 --> 0:16:45.160 Bloomberg Daybreak Today, your morning brief on the stories making 0:16:45.200 --> 0:16:47.880 news from Wall Street to Washington and beyond. 0:16:48.120 --> 0:16:50.920 Look for us on your podcast feed at six am 0:16:50.960 --> 0:16:54.640 Eastern each morning on Apple, Spotify, and anywhere else you 0:16:54.720 --> 0:16:55.880 get your podcasts. 0:16:56.000 --> 0:16:58.720 You can also listen live each morning starting at five 0:16:58.760 --> 0:17:01.320 am Wall Street Time. I'm Bloomberg eleven three to zero 0:17:01.400 --> 0:17:04.840 in New York. Bloomberg ninety nine one in Washington, Bloomberg 0:17:04.880 --> 0:17:07.879 one oh sixty one in Boston, and Bloomberg ninety sixty 0:17:08.000 --> 0:17:08.959 in San Francisco. 0:17:09.359 --> 0:17:12.520 Our flagship New York station is also available on your 0:17:12.560 --> 0:17:17.840 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:17:18.000 --> 0:17:21.480 Listen coast to coast on the Bloomberg Business app, SERIUSXM, 0:17:21.560 --> 0:17:25.160 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan 0:17:25.160 --> 0:17:26.760 Hager and I'm Karen Moscow. 0:17:26.960 --> 0:17:29.720 Join us again tomorrow morning for all the news you 0:17:29.840 --> 0:17:33.080 need to start your day right here on Bloomberg Daybreak