Middle East Truce Setback; Biden Farewell Address

Bloomberg Audio Studios, Podcasts, radio News. 0:00:10.240 --> 0:00:10.799 Good morning. 0:00:10.840 --> 0:00:13.680 I'm Nathan Hager and I'm Karen Moscow. Here are the 0:00:13.720 --> 0:00:15.840 stories we're following today, Karen. 0:00:15.640 --> 0:00:18.000 We began in the Middle East. In some late breaking news, 0:00:18.079 --> 0:00:22.040 Israeli Prime Minister Benjamin D'atanyahu is accusing Hamas of renegging 0:00:22.360 --> 0:00:25.000 on parts of a ceasefire agreement that looked set to 0:00:25.079 --> 0:00:29.000 pause more than fifteen months of fighting in Gaza starting Sunday. 0:00:29.320 --> 0:00:32.680 Naton Yahu's office says new demands by the Palestinian group 0:00:32.720 --> 0:00:36.400 are an effort to extort last minute concessions. We get 0:00:36.400 --> 0:00:37.920 more from Bloomberg's Ethan Brunner. 0:00:38.200 --> 0:00:41.440 I mean, there are numerous, numerous details, which prisoners will 0:00:41.440 --> 0:00:44.360 be released on, what kind of schedule, all sorts of 0:00:44.400 --> 0:00:47.479 things that are not necessarily all written down, And so 0:00:47.560 --> 0:00:49.760 it's easy for one side to say suddenly the other 0:00:49.800 --> 0:00:53.520 side is making new demands, and fundamentally they have such 0:00:53.600 --> 0:00:56.520 different goals. The goal of Israel is for Hamas to 0:00:56.640 --> 0:01:01.440 be destroyed and eliminated in any position of power in Gaza, 0:01:01.520 --> 0:01:04.720 and the goal of Hamas is to retain its power 0:01:04.920 --> 0:01:08.880 and drive Israel out of Gaza. So ultimately they're on 0:01:08.920 --> 0:01:12.160 a kind of collision course even though they're theoretically negotiating 0:01:12.440 --> 0:01:13.199 a compromise. 0:01:13.240 --> 0:01:15.880 Bloomberg's Eeth and Brunner notes, under the terms of the agreement, 0:01:15.880 --> 0:01:19.440 Hamas would release thirty three hostages taken on October seventh, 0:01:19.480 --> 0:01:22.240 twenty twenty three, while Israel would pull out of populated 0:01:22.280 --> 0:01:25.560 areas in the Gaza Strip and release hundreds of Palestinian prisoners. 0:01:25.760 --> 0:01:28.839 Hama says it is committed to the ceasefire deal announced 0:01:28.880 --> 0:01:29.880 by the mediators. 0:01:30.280 --> 0:01:32.520 Well, Nathan, we want to turn to Washington now and 0:01:32.600 --> 0:01:35.840 a farewell from President Joe Biden. The President took the 0:01:35.920 --> 0:01:38.840 cameras in the Oval Office to deliver a final address 0:01:38.880 --> 0:01:42.120 to the nation and a warning about the administration to come. 0:01:42.600 --> 0:01:43.000 Today. 0:01:44.080 --> 0:01:47.279 An oligarchy is taking shape in America, of extreme wealth, 0:01:47.400 --> 0:01:50.960 power and influence that literally threads our entire democracy. 0:01:51.360 --> 0:01:55.040 President Biden echoed former President Dwight Eisenhower's warning of a 0:01:55.080 --> 0:01:58.360 military industrial complex, saying the nation now face is the 0:01:58.400 --> 0:02:01.279 threat of a tech industry real complex. 0:02:01.000 --> 0:02:04.600 Trained to politics. North of the US. Karen Canada has 0:02:04.720 --> 0:02:06.919 drawn up an initial list of more than one hundred 0:02:06.960 --> 0:02:09.720 billion dollars of US manufactured items that would hit with 0:02:09.800 --> 0:02:13.120 tariffs if President elect Donald Trump decides to levy tariffs 0:02:13.120 --> 0:02:16.040 against Canadian goods. Sources tell us the list is a 0:02:16.120 --> 0:02:18.120 draft and would come into play only if the Trump 0:02:18.160 --> 0:02:21.640 administration moves First Prime Minister Justin Trudeau and the premiers 0:02:21.639 --> 0:02:24.720 of Canada's provinces met yesterday. It's a plot, a strategy 0:02:24.919 --> 0:02:27.440 for dealing with US protectionism. 0:02:27.400 --> 0:02:30.919 Well Nathan. Donald Trump's pick for Treasury Secretary is hedge 0:02:30.919 --> 0:02:34.080 fund investor Scott Besson. He faces a Senate committee for 0:02:34.120 --> 0:02:37.520 his confirmation hearing later this morning, and Bloomberg's Amy Morris 0:02:37.560 --> 0:02:38.880 has a preview from Washington. 0:02:39.080 --> 0:02:42.200 Back in October, Besant told Bloomberg TV Donald Trump tends 0:02:42.280 --> 0:02:44.959 to be more involved in the financial side of things. 0:02:45.080 --> 0:02:47.880 He has a deep understanding of financial markets as opposed 0:02:47.919 --> 0:02:52.560 to most politicians, so he wants to be involved in 0:02:52.600 --> 0:02:53.320 the conversation. 0:02:53.480 --> 0:02:56.320 He has very well formed opinions. Bessett has said he 0:02:56.400 --> 0:02:59.640 plans to pursue policies that boost the US economic output 0:02:59.680 --> 0:03:02.960 whiles flashing budget deficits, and that his priority will be 0:03:03.040 --> 0:03:06.320 to deliver on Trump's tax cut proposals. But he's been 0:03:06.320 --> 0:03:09.359 known to not be as supportive of tariffs. That will 0:03:09.360 --> 0:03:12.960 be a big focus for senators and investors. Scott Besson 0:03:13.080 --> 0:03:16.079 still is expected to win approval easily from the Senate 0:03:16.360 --> 0:03:18.680 in Washington. Amy Moore as Bloomberg Radio. 0:03:18.720 --> 0:03:20.920 Right, Amy, thank you well and prepared remark set for 0:03:21.040 --> 0:03:24.040 later this morning. Besson will say maintaining the dollar as 0:03:24.080 --> 0:03:27.680 the world's reserve asset is critical to US economic health 0:03:27.720 --> 0:03:30.480 and the nation's future. Stay with Bloomberg for full coverage 0:03:30.480 --> 0:03:33.440 of Besson's confirmation hearing starting at ten thirty am Wall 0:03:33.480 --> 0:03:36.720 Street Time on Bloomberg Radio and Television. 0:03:36.400 --> 0:03:39.200 And Karen Is. TikTok continues to battle to keep its 0:03:39.240 --> 0:03:42.760 app operating in the US after this Sunday. The CEO 0:03:42.920 --> 0:03:45.160 of the company is joining the list of tech boguls 0:03:45.160 --> 0:03:49.080 attending Trump's inauguration on Monday. The New York Times is 0:03:49.080 --> 0:03:51.920 reporting CEO Show Choo has been invited to sit in 0:03:51.960 --> 0:03:55.160 a position of honor on the dais where former presidents 0:03:55.160 --> 0:03:58.640 and other important guests traditionally are seated. TikTok, which is 0:03:58.680 --> 0:04:01.440 owned by China's Bytdance, does face a Sunday deadline to 0:04:01.480 --> 0:04:03.520 find a US buyer in order to keep operating in 0:04:03.560 --> 0:04:06.640 the country. Politicians from both parties are looking for ways 0:04:06.680 --> 0:04:10.720 to keep TikTok accessible in this country despite that impending ban. 0:04:11.240 --> 0:04:13.120 All Nathan, we now want to turn to the latest 0:04:13.160 --> 0:04:16.080 developments in the battle if you contain the wildfires in 0:04:16.120 --> 0:04:19.440 Los Angeles and Bloomberg. John Tucker joins us for an update. John, 0:04:19.480 --> 0:04:20.800 Good morning, and good morning Careen. 0:04:20.800 --> 0:04:24.279 The traumatized region made it through yesterday without another major 0:04:24.320 --> 0:04:26.960 fire breaking out, and the last of the red flag 0:04:27.000 --> 0:04:30.680 warnings they're expected to end this afternoon. Was fire crews 0:04:30.720 --> 0:04:33.560 work to gain control. Officials also speaking to witnesses to 0:04:33.600 --> 0:04:37.680 find the cause of the blazes, including the devastating palisades 0:04:37.720 --> 0:04:41.159 and eaten fires. Jose Medina is with the ATF. 0:04:41.480 --> 0:04:45.160 We are talking to individuals about not just what they saw, 0:04:45.440 --> 0:04:47.480 but what they smelled and they heard. 0:04:47.760 --> 0:04:50.280 The fires have killed twenty five and destroyed more than 0:04:50.320 --> 0:04:54.120 twelve thousand structures. The government has yet to release damage estimates, 0:04:54.120 --> 0:04:56.839 but private firms expect they'll climb into the tens of 0:04:57.000 --> 0:05:00.200 billions and it could become the costliest fire disag yes 0:05:00.640 --> 0:05:03.359 in US history. I'm John Tucker, Bloomberg Radio. 0:05:03.600 --> 0:05:07.480 Thanks John. Turning out of Space Blue Origins new flagship 0:05:07.520 --> 0:05:10.400 rocket has lifted off for the first time and successfully 0:05:10.520 --> 0:05:14.080 reached orbit, all seven engines. 0:05:13.720 --> 0:05:17.560 Of cold product taking the pressures of good people through 0:05:17.600 --> 0:05:17.960 the tower. 0:05:19.080 --> 0:05:20.400 Now passing eighteen seconds in the. 0:05:20.440 --> 0:05:26.080 Play, New Glen thundered off the launch padd at Cape Canaveral, Florida, 0:05:26.240 --> 0:05:29.440 just after two am Eastern time. This mission is expected 0:05:29.480 --> 0:05:32.279 to last several hours. It put the company's Blue Ring 0:05:32.400 --> 0:05:35.200 pathfinder test satellite into orbit. That it was the main 0:05:35.240 --> 0:05:39.000 objective of the flight, but launch commentators did confirm that 0:05:39.040 --> 0:05:42.320 the booster portion of the New Glenn rocket was destroyed 0:05:42.760 --> 0:05:44.600 as it attempted to land on a barge in the 0:05:44.640 --> 0:05:48.200 Atlantic Ocean. That fell short of the mission's secondary goal. 0:05:48.760 --> 0:05:51.360 Well to the markets now, Nathan where futures are higher 0:05:51.400 --> 0:05:55.040 following Wednesday's one point eight percent rally on Wall Street 0:05:55.080 --> 0:05:57.240 that was the S and P five hundreds biggest gain 0:05:57.320 --> 0:05:59.960 since the aftermath of the election. The rally came out 0:06:00.000 --> 0:06:02.960 after core inflation eased for the first time in six months. 0:06:03.160 --> 0:06:06.520 Chicago Fed President Austin Goulesby says he's optimistic about the 0:06:06.520 --> 0:06:07.719 Fed's inflation battle. 0:06:07.920 --> 0:06:12.880 The trend continues to be improvement in inflation. I'm still 0:06:13.040 --> 0:06:18.080 optimistic for twenty twenty five that we can continue growing 0:06:18.600 --> 0:06:20.599 and have a soft. 0:06:20.360 --> 0:06:24.279 Landing Chicago Fed President Austin Goulesby. Investors are now betting 0:06:24.279 --> 0:06:27.040 the Central Bank is likely to lower itge benchmark interest 0:06:27.120 --> 0:06:29.520 rate by half a percentage point this year. 0:06:29.560 --> 0:06:33.000 And bank earnings continue this morning, Karen, They come after 0:06:33.120 --> 0:06:37.279 blowout results yesterday from JP Morgan Chase, Goldman, Sachs, City Group, 0:06:37.320 --> 0:06:40.679 and Wells Fargo. We get more from Bloomberg Intelligence senior 0:06:40.680 --> 0:06:42.480 banking analyst Alison Williams. 0:06:42.520 --> 0:06:44.719 Certainly the bar has been raised for Bank of America 0:06:44.760 --> 0:06:48.200 and Morgan Stanley after strong sets of results from the 0:06:48.240 --> 0:06:51.880 other four big US banks. We're expecting to see at 0:06:51.880 --> 0:06:55.599 Bank of America an interest income growth. We could see 0:06:55.720 --> 0:06:59.880 upside to the guidance in the near term. We've also 0:07:00.000 --> 0:07:03.800 I've seen good expense control and solid credit trends. We 0:07:03.839 --> 0:07:07.080 also expect to see a Bank of America. However, we 0:07:07.200 --> 0:07:09.800 note that their first quarter does tend to have seasonally 0:07:09.880 --> 0:07:14.000 higher expenses, so we could see that in their guidance. 0:07:14.200 --> 0:07:17.040 Allison Williams of Bloomberg Intelligence says, so far, the big 0:07:17.080 --> 0:07:22.000 banks have notched their second most profitable year ever. 0:07:23.880 --> 0:07:25.160 Time. Now for a look at some of the other 0:07:25.280 --> 0:07:28.040 stories making news in New York and around the world. 0:07:28.080 --> 0:07:31.440 And for that we're joined by Bloomberg's Michael Barr. Welcome back, Michael, 0:07:31.520 --> 0:07:31.920 Thank you. 0:07:31.920 --> 0:07:35.240 Very much, Karen. President elect Trump's pick for Attorney General, 0:07:35.320 --> 0:07:38.160 Pam Bondy, was in the hot seat on Capitol Hill 0:07:38.280 --> 0:07:41.560 yesterday and the latest in the series of confirmation hearings 0:07:41.600 --> 0:07:46.320 for the incoming administration. During her confirmation hearing, Bondi refused 0:07:46.320 --> 0:07:49.640 to say that Trump lost the twenty twenty election. Democrats 0:07:49.640 --> 0:07:52.960 on the Senate Judiciary Committee press Bondy on whether she 0:07:53.200 --> 0:07:56.040 will truly be independent from President elect. 0:07:55.760 --> 0:07:57.240 Trump if confirmed. 0:07:57.680 --> 0:08:01.760 I will do everything in my power and it will 0:08:01.800 --> 0:08:05.640 be my great responsibility to make America safe again. 0:08:06.360 --> 0:08:10.880 Bondi's confirmation is all but assured, with Republicans praisinger. President 0:08:10.920 --> 0:08:15.160 elect Trump has repeatedly expressed interest in either buying Greenland 0:08:15.160 --> 0:08:18.320 from Denmark We're taking it by force. During his Senate 0:08:18.320 --> 0:08:23.000 confirmation hearing, Senator Marco Rubio explained buying Greenland would be 0:08:23.040 --> 0:08:26.520 an important piece of land for the US. Trump has 0:08:26.600 --> 0:08:30.720 nominated Rubio as his next Secretary of State. Rubio says 0:08:30.960 --> 0:08:33.360 talking about acquiring Greenland isn't new. 0:08:33.640 --> 0:08:35.560 Harry Truman made an effort to try to buy for 0:08:35.679 --> 0:08:38.720 one hundred million dollars. He was rebuffed, and then the 0:08:38.840 --> 0:08:42.680 US has maintained through a mutual defense agreement, there the 0:08:42.720 --> 0:08:46.120 opportunity to base its military bases, and I have them 0:08:46.160 --> 0:08:46.680 for a while. 0:08:47.160 --> 0:08:49.520 It's believed the Senate will begin to start voting this 0:08:49.640 --> 0:08:53.200 Monday on Inauguration Day to confirm some of Trump's picks. 0:08:53.840 --> 0:08:57.120 The US Federal Trade Commission and two states who tractor 0:08:57.320 --> 0:09:02.920 giant Deer, alleging the company legally monopolized agricultural equipment repairs. 0:09:03.320 --> 0:09:07.920 The FTC and state attorneys general from Illinois and Minnesota 0:09:08.040 --> 0:09:10.680 filed a complaint in federal court in Chicago's saying the 0:09:10.720 --> 0:09:15.800 tractor manufacturer withheld key information and diagnostic tools from farmers 0:09:16.000 --> 0:09:21.000 and independent repair shops. FTC chair Lina Khan spoke to Bloomberg. 0:09:20.720 --> 0:09:24.520 They've been steered into Deer's network of authorized dealers, which 0:09:24.559 --> 0:09:28.120 practically means they're paying more, and especially for farmers that 0:09:28.160 --> 0:09:30.400 live in rural areas, it means they sometimes have to 0:09:30.480 --> 0:09:32.800 drive hours to even get to the nearest dealer. 0:09:33.240 --> 0:09:36.680 Deer's vice president of after market and Customer Supports said 0:09:36.720 --> 0:09:39.679 in a statement the lawsuit is meritless. The FDA is 0:09:39.800 --> 0:09:42.520 ordering food and drug makers to remove a die called 0:09:42.720 --> 0:09:46.480 red number three from the products consumers eat and drink. 0:09:46.920 --> 0:09:50.640 The colorant was banned from cosmetics and non oral medications 0:09:50.679 --> 0:09:53.760 decades ago because the study showed it cause to cancer 0:09:53.760 --> 0:09:56.560 when eaten by rats. Global News twenty four hours a 0:09:56.600 --> 0:09:59.280 day and whenever you want it with the Bloomberg News. Now, 0:09:59.320 --> 0:10:02.040 I'm Michael Barm, and this is Bloomberg caret all. 0:10:02.040 --> 0:10:08.760 Right, Michael Barr, thank you time now for the Bloomberg 0:10:08.800 --> 0:10:11.480 Sports Update, brought to you by Tri State. Howdy. Here's 0:10:11.559 --> 0:10:13.880 John Stamshower. John, good morning, Good morning care. 0:10:13.960 --> 0:10:17.040 Nixon Sixers in Philadelphia. Nicks had a sixteen point league, 0:10:17.080 --> 0:10:19.440 led by thirteen and a half in a fifty three 0:10:19.520 --> 0:10:23.240 minute game. They never once trailed, yet their victory was 0:10:23.280 --> 0:10:25.679 anything but easy. Philly made up the deficit in the 0:10:25.720 --> 0:10:28.280 third quarter of the game, was tied several times. In 0:10:28.320 --> 0:10:31.240 the fourth. It went to overtiming. With Karl Anthony Towns 0:10:31.320 --> 0:10:34.719 out with an injured thumb, Jalen Brunson stepped. 0:10:34.360 --> 0:10:39.080 Up Clockett ten Kate Crockett twenty two fronts. It breaks 0:10:39.160 --> 0:10:46.080 his inside lead. Jalen Brunson exposure Bronts at thirty points 0:10:46.120 --> 0:10:50.040 five rebounds, four assists. You hear the Knicks chance meet 0:10:50.080 --> 0:10:52.640 in Philadelphia, bron sits. 0:10:52.360 --> 0:10:56.840 Three stood how E spn Nicks won one twenty five 0:10:57.000 --> 0:10:59.920 one nineteen. Brunson scored thirty eight points. Josh Hart had 0:11:00.080 --> 0:11:02.480 triple double. The Los Angeles Nets and Clippers tie that 0:11:02.600 --> 0:11:04.920 to the first quarter, but LA won the second quarter 0:11:05.000 --> 0:11:08.360 by twenty three points and the third by twenty eight. 0:11:08.440 --> 0:11:11.000 In the fourth, they were up by sixty four. The 0:11:11.040 --> 0:11:14.480 Clippers won one twenty six to sixty seven. It's their 0:11:14.480 --> 0:11:17.600 biggest blowout win ever and the most lopsided loss in 0:11:17.760 --> 0:11:20.360 Net's history. They had lost by fifty two to Houston 0:11:20.600 --> 0:11:23.559 in nineteen seventy eight. Celtics lost at Toronto, won ten 0:11:23.640 --> 0:11:26.480 ninety seven. The big East Seaton Hall loss at Butler. 0:11:26.520 --> 0:11:29.880 At Fordham's Venerable rose Hill Gym, they celebrated the one 0:11:29.920 --> 0:11:34.000 hundredth anniversary of college basketball's oldest still active arena, and 0:11:34.040 --> 0:11:37.480 then Fordham lost to UMass in triple overtime. Quinn ewers 0:11:37.480 --> 0:11:39.800 the quarterback at Texas the past three seasons going pro, 0:11:40.120 --> 0:11:42.280 which means Archie Manning will finally take over as the 0:11:42.280 --> 0:11:45.120 Longhorn starting QB at the Australian Open. Taylor Fritz lost 0:11:45.120 --> 0:11:48.400 only three games in three sets, but fellow American Francis 0:11:48.480 --> 0:11:51.960 Tiafa lost in five sets. Top Seedionic Center playing now 0:11:51.960 --> 0:11:54.720 tied one set off. John stash Shower Bloomberg. 0:11:54.360 --> 0:11:55.720 Sports, Jarny Nickols. 0:11:57.800 --> 0:12:02.000 Coast to Coast on Bloomberg Radio, nationwide on Sirius Exam, 0:12:02.120 --> 0:12:04.960 and around the world on Bloomberg dot Com and the 0:12:05.000 --> 0:12:08.120 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:08.240 --> 0:12:08.680 Good morning. 0:12:08.720 --> 0:12:11.320 I'm Nathan Hager. Israel and Hamas appeared on the cusp 0:12:11.360 --> 0:12:14.000 of a pause to fifteen months of fighting after agreeing 0:12:14.000 --> 0:12:17.160 to a six week ceasefire and deferring hostages and moving 0:12:17.200 --> 0:12:19.760 in aid to Gaza. But as the deal was announced, 0:12:20.080 --> 0:12:24.040 White House National Security spokesman John Kirby sounded a tentative note. 0:12:24.360 --> 0:12:27.880 Now comes the real hard work of putting the modalities 0:12:27.880 --> 0:12:30.320 of the plan in place and executing to it over 0:12:30.360 --> 0:12:33.720 the course of the weeks and months ahead, and that's 0:12:33.760 --> 0:12:34.640 going to be tough work. 0:12:34.920 --> 0:12:37.679 John Kirby's words may be ringing true this morning. Is 0:12:37.679 --> 0:12:41.120 Israel now accuses Hamas of renegging on parts of the deal. 0:12:41.240 --> 0:12:43.280 For the very latest, we go to Tel Aviv and 0:12:43.360 --> 0:12:47.280 check in with Bloomberg News Israel Bureau chief Ethan Bronner. Ethan, 0:12:47.400 --> 0:12:51.040 good morning. What is Israel accusing Hamas of? Do we 0:12:51.120 --> 0:12:53.679 have a sense of what aspects of the deal that 0:12:53.720 --> 0:12:55.520 Hamas is accused of renegging on. 0:12:56.480 --> 0:13:00.880 They haven't specified. Earlier in the day, the Prime Minister's 0:13:01.000 --> 0:13:05.440 office complained that Hamas was asserting that it had the 0:13:05.520 --> 0:13:07.760 right to choose all of the prisoners that were going 0:13:07.800 --> 0:13:10.800 to be released by Israel rather than clearing them with Israel, 0:13:10.880 --> 0:13:13.319 and that Israel said that was not part of the agreement. 0:13:13.720 --> 0:13:15.760 So that may be more of the same it maybe 0:13:15.800 --> 0:13:19.880 other details. There's so many details here that one could 0:13:19.920 --> 0:13:23.319 accuse the other side of suddenly changing course on. I 0:13:23.360 --> 0:13:25.400 think it's important to say something else, which is that 0:13:25.520 --> 0:13:30.200 the deal is facing a fair amount opposition in the 0:13:30.240 --> 0:13:33.600 government on the far right of the government. Two parties 0:13:33.640 --> 0:13:38.280 that the coalition rely on, relies on to continue to exist, 0:13:38.559 --> 0:13:42.240 are threatening to possibly leave the government over this deal. 0:13:42.400 --> 0:13:46.800 So these two facts, two phenomena may be related. The 0:13:46.800 --> 0:13:50.719 Prime Minister's statement complaining about Hamas and the opposition here 0:13:50.720 --> 0:13:51.240 in Israel. 0:13:51.520 --> 0:13:53.880 So then, Ethan, does this mean at this point that 0:13:53.920 --> 0:13:56.400 the deal is off or is there still a chance 0:13:56.440 --> 0:13:57.720 that this can be salvaged. 0:13:58.440 --> 0:14:01.520 Well, the deal is not yet on. I wouldn't call 0:14:01.559 --> 0:14:05.000 it off, I have to. I just don't know the 0:14:05.080 --> 0:14:10.080 answer to that. I think that if in theory Hamas responds, 0:14:10.160 --> 0:14:12.200 it's already responded and said, that's not true. We're not 0:14:12.240 --> 0:14:14.600 doing anything that you're accusing us of. But if they 0:14:14.679 --> 0:14:19.320 somehow work out those details, I would imagine that the 0:14:19.360 --> 0:14:23.560 cabinet here would pass it. But they have. Prime Minister 0:14:23.600 --> 0:14:25.480 has announced that he's not even going to hold a 0:14:25.560 --> 0:14:29.040 vote in the cabinet until he solves this Hamas last 0:14:29.080 --> 0:14:31.880 minute problem. And it's very hard to know what this 0:14:31.960 --> 0:14:35.520 amounts to. I really can't answer you. I don't know, Okay. 0:14:35.840 --> 0:14:39.680 Well, in the speech that President Biden gave last night 0:14:39.760 --> 0:14:43.800 his farewell address, he mentioned the Gaza cease fire deal 0:14:43.840 --> 0:14:46.160 as one of his accomplishments, saying it was going to 0:14:46.200 --> 0:14:47.600 be something that was going to be left to the 0:14:47.640 --> 0:14:52.560 next administration to implement. We've talked before about the massive 0:14:52.680 --> 0:14:56.000 US pressure that's been put on both sides in these 0:14:56.120 --> 0:14:59.040 last few weeks during the transition. What could this mean 0:14:59.640 --> 0:15:03.200 for the US in terms of its influence As we 0:15:03.320 --> 0:15:05.840 start to see this as you know, sort of tentative 0:15:06.600 --> 0:15:09.040 doubt raised about this proposal. 0:15:10.440 --> 0:15:13.040 I think you're right to raise the question, Nathan. I mean, 0:15:13.360 --> 0:15:15.480 you know, in theory, everyone was giving a lot of 0:15:15.520 --> 0:15:20.080 credit to President Trump in coming President Trump for having 0:15:20.160 --> 0:15:24.320 squeezed this out of the nitagne Is and also from 0:15:24.400 --> 0:15:28.480 Katar onto Hamas, all those things. I think it's true. 0:15:29.240 --> 0:15:32.480 But on the other hand, it's also the circumstances of 0:15:32.520 --> 0:15:35.400 the last six months that really made the difference, which 0:15:35.440 --> 0:15:39.360 had to do with the neutering Ofbellah and the killing 0:15:39.360 --> 0:15:42.520 of a number of Hamas leaders, the collapse of the 0:15:42.560 --> 0:15:47.480 Syrian regime under Havas Lasad, and the difficulties that Iran 0:15:47.520 --> 0:15:50.360 has faced. So all those things are still here. But 0:15:51.520 --> 0:15:54.160 it turned out and so we thought that the circumstances 0:15:54.200 --> 0:15:56.000 were ripe for a deal, But it turned out that 0:15:56.120 --> 0:15:59.760 inside Israel, and it must be said, on the right 0:15:59.800 --> 0:16:04.400 side of the American Jewelry, there is a great concern 0:16:04.800 --> 0:16:07.520 that too much is being given to Hamas, that too 0:16:07.520 --> 0:16:10.240 many people with so called blood on their hands are 0:16:10.240 --> 0:16:15.880 going to be freed, and that this organization that's vowed 0:16:15.920 --> 0:16:20.400 to destroy Israel will be reconstituted. That seems to be 0:16:20.760 --> 0:16:23.560 what's driving the anger on the right of the opposition, 0:16:24.120 --> 0:16:26.960 and it took me a little by surprise this morning 0:16:26.960 --> 0:16:29.560 that it has become so powerful. But we are in 0:16:29.560 --> 0:16:32.040 a situation where I don't know what's going to be. 0:16:32.440 --> 0:16:35.840 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:35.920 --> 0:16:38.960 making news from Wall Street to Washington and beyond. 0:16:39.200 --> 0:16:41.600 Look for us on your podcast feed by six am 0:16:41.640 --> 0:16:45.040 Eastern each morning, on Apple, Spotify, or manywhere else you listen. 0:16:45.240 --> 0:16:48.080 You can also listen live each morning starting at five 0:16:48.120 --> 0:16:50.840 am Wall Street Time on Bloomberg eleven three to zero 0:16:50.840 --> 0:16:53.760 in New York, Bloomberg in ninety nine to one in Washington, 0:16:53.840 --> 0:16:57.760 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:57.960 --> 0:16:59.800 XM Channel one twenty one. 0:17:00.000 --> 0:17:02.400 Well us listen coast to coast on the Bloomberg Business 0:17:02.400 --> 0:17:05.480 app now with Apple CarPlay and Android auto interfaces. 0:17:05.720 --> 0:17:08.760 And don't forget to subscribe to Bloomberg News Now. It's 0:17:08.760 --> 0:17:11.480 the latest news whenever you want it in five minutes 0:17:11.600 --> 0:17:14.720 or less. Search Bloomberg News Now on your favorite podcast 0:17:14.760 --> 0:17:18.920 platform to stay informed all day long. I'm Karen Moscow. 0:17:18.720 --> 0:17:21.240 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:21.280 --> 0:17:23.200 all the news you need to start your day right 0:17:23.240 --> 0:17:24.679 here on Bloomberg Daybreak