Biden's Israel Warning; House Speaker Dodges Ouster

Bloomberg Audio Studios, Podcasts, Radio News. Good morning. 0:00:10.640 --> 0:00:13.160 I'm Nathan Hager and I'm John Tucker. Here are these 0:00:13.160 --> 0:00:14.400 stories we're following today. 0:00:14.440 --> 0:00:17.079 John, we begin with the latest on the war in Israel. 0:00:17.200 --> 0:00:20.360 President Biden is warning he will stop additional shipments of 0:00:20.360 --> 0:00:23.840 offensive weapons to Israel if the country goes ahead with 0:00:23.880 --> 0:00:26.880 the ground invasion of Rafa in southern Gaza. In an 0:00:26.920 --> 0:00:30.760 interview with CNN, Biden highlighted the potential loss of civilian 0:00:30.800 --> 0:00:33.600 life if Israel goes into the densely packed city. 0:00:33.680 --> 0:00:36.519 If they're going to Rafa, I'm not supplying the weapons 0:00:36.520 --> 0:00:39.319 that have been used historically to deal with Rafa, to 0:00:39.360 --> 0:00:41.800 deal with the cities, to deal with that problem. We're 0:00:41.800 --> 0:00:44.199 going to continue to make sure because you're less secure 0:00:44.240 --> 0:00:47.320 in terms of Iron Dome and their ability to respond 0:00:47.360 --> 0:00:50.639 to attacks like came out of you the least recently. 0:00:50.920 --> 0:00:53.200 But it's just wrong. 0:00:53.520 --> 0:00:56.960 President Biden's comments on CNN, coming after the US pause 0:00:57.040 --> 0:01:00.240 delivery of about thirty five hundred bombs to Israel by 0:01:00.280 --> 0:01:03.560 the decision meanwhile being criticized in both Israel as well 0:01:03.600 --> 0:01:07.640 as Republican members of Congress. Kentucky Republican Andy Barr joined 0:01:07.680 --> 0:01:10.800 Bloomberg Balance of Power and said this is unacceptable. 0:01:11.040 --> 0:01:16.360 This is an affront to the relationship between our two countries. 0:01:17.400 --> 0:01:22.200 The fact that this administration is rejecting an Act of 0:01:22.240 --> 0:01:25.800 Congress and turning its back on our key ally in 0:01:25.840 --> 0:01:28.040 the Middle East is obnoxious. 0:01:28.520 --> 0:01:31.880 Republican Congressman Andy Barr of Kentucky. On the other side 0:01:31.920 --> 0:01:35.280 of the Isisle, Georgia, Democrat Rafael Warnock also joined Bloomberg 0:01:35.319 --> 0:01:37.760 Balance of Power, and the Senator said, we need to 0:01:37.760 --> 0:01:39.959 do what it takes to end this conflict. 0:01:40.280 --> 0:01:46.080 But I'm also very concerned about over thirty thousand Palestinian 0:01:46.120 --> 0:01:49.960 lives that have been lost in this conflict, the majority 0:01:50.000 --> 0:01:54.000 of them being women and children. So I'm hopeful that 0:01:54.080 --> 0:01:57.160 at the end of the day, we will recognize that 0:01:57.280 --> 0:02:01.400 the answer to death and the stry production is not 0:02:01.520 --> 0:02:02.480 more death in destruction. 0:02:02.600 --> 0:02:05.760 Democratic Senator Rafael Warnick Canada that Congress will be keeping 0:02:05.800 --> 0:02:08.120 a close eye in the situation to hear the full 0:02:08.160 --> 0:02:11.240 conversation with both Senator Warnock and Congress and Bar. Get 0:02:11.280 --> 0:02:14.760 the Bloomberg Balance a Power podcast available wherever you get 0:02:14.760 --> 0:02:16.280 your podcasts. 0:02:15.760 --> 0:02:18.840 And staying in Washington. Democrats have helped halt a move 0:02:18.880 --> 0:02:23.440 by hardline Republicans in Congress to oust the speaker, Bloomberg said, 0:02:23.480 --> 0:02:24.639 Baxter has that story. 0:02:25.120 --> 0:02:27.840 Marjorie Taylor Green did keep her promise to try and 0:02:27.880 --> 0:02:31.680 bring it to the floor, but was defeated overwhelmingly three 0:02:31.800 --> 0:02:35.280 hundred and fifty nine to forty three. Johnson responds back 0:02:35.320 --> 0:02:36.680 to the real business at hand. 0:02:36.720 --> 0:02:39.000 They made their voices heard on the motion of vacate matter, 0:02:39.200 --> 0:02:41.400 and now we have very important work to do for. 0:02:41.400 --> 0:02:43.480 The country, and says he hopes the tenor of the 0:02:43.560 --> 0:02:44.720 Chamber will now change. 0:02:44.760 --> 0:02:48.120 Hopefully this is the end of the personality politics and 0:02:48.160 --> 0:02:51.679 the frivolous character assassination that has defined one hundred and 0:02:51.720 --> 0:02:52.639 eighteenth Congress. 0:02:52.919 --> 0:02:55.880 It does leave Green on a political island. Only eleven 0:02:55.919 --> 0:03:00.079 members from her party stood with her at Baxter Bloomberg Radio. 0:03:00.120 --> 0:03:03.120 Thanks said, and to the markets now. Stocks edged lower 0:03:03.160 --> 0:03:05.560 before the jobless claims us out at eight thirty Wall 0:03:05.600 --> 0:03:08.760 Street time. It comes with earning season winding down and 0:03:08.800 --> 0:03:11.520 investors are waiting fresh data on a potential timing for 0:03:11.760 --> 0:03:15.800 lower interest rates. Traders have digested Fed speak this week 0:03:15.840 --> 0:03:19.240 on the potential path for rates, including yesterday that's when 0:03:19.320 --> 0:03:21.880 Boston Fed President Susan Collins spoke at MIT. 0:03:22.360 --> 0:03:25.200 I do remain optimistic that this can be accomplished in 0:03:25.240 --> 0:03:27.760 a reasonable amount of time and with a labor market 0:03:27.760 --> 0:03:31.440 that remains healthy. But there's a significant amount of uncertainty 0:03:31.480 --> 0:03:34.920 around that outlook, and the recent data lead me to 0:03:35.000 --> 0:03:38.080 believe that it's just going to take longer than previously thought. 0:03:38.200 --> 0:03:41.440 Boston Fed President Susan Collins says the Fed remains focused 0:03:41.440 --> 0:03:44.880 on bringing inflation back to its two percent target. 0:03:44.720 --> 0:03:47.840 And those comments from Susan Collins john come ahead of 0:03:48.000 --> 0:03:51.480 consumer price data coming next week and following the smallest 0:03:51.520 --> 0:03:55.320 gain in six months for non farm payrolls last week. 0:03:55.520 --> 0:03:58.320 Richard Clarina, former Vice chair of the FED and current 0:03:58.360 --> 0:04:01.600 Global Economic advisor at PIMCO, says he still expects the 0:04:01.640 --> 0:04:04.119 Fed to be patient and remain data dependent. 0:04:04.520 --> 0:04:07.440 Since the beginning of the year, the inflation numbers have 0:04:07.520 --> 0:04:11.760 been going in the wrong direction, and also especially I 0:04:11.760 --> 0:04:14.560 think what's relevant here is an element of risk management, 0:04:14.640 --> 0:04:16.919 so I think there is path dependence. The fact that 0:04:16.960 --> 0:04:20.360 the last three years inflation has been well above target. 0:04:20.680 --> 0:04:24.200 I think it makes it a harder call to cut preemptively. 0:04:24.560 --> 0:04:27.200 Richard clarieda of PIMCO says if he were still fed 0:04:27.320 --> 0:04:30.200 Vice chair he would not consider cutting rates right now. 0:04:30.440 --> 0:04:33.080 And meanwhile in Europe, markets are points for a stronger 0:04:33.120 --> 0:04:36.000 signal on when the Bank of England will cut interust rates. 0:04:36.320 --> 0:04:39.400 With the Bank of England decision coming today. In Bloomberg's Ewon, 0:04:39.480 --> 0:04:42.280 Potts joins us from London with the latest here on 0:04:42.320 --> 0:04:43.040 good Morning. 0:04:43.279 --> 0:04:46.680 Good morning John and Nathan. Inflation and growth forecast will 0:04:46.720 --> 0:04:48.880 be key for the Bank of England today. The old 0:04:48.920 --> 0:04:51.600 Lady of fred Neil Street almost certain to leave UK 0:04:51.760 --> 0:04:54.599 rates on hold at five and a quarter percent, a 0:04:54.720 --> 0:04:57.600 sixteen year high, but keeping out for changes in the 0:04:57.680 --> 0:05:00.560 vote balance on the committee. Will the Dove find new 0:05:00.560 --> 0:05:03.440 recruits for a right cut this month? A market will 0:05:03.440 --> 0:05:06.159 also be Kaylee watching the governor's press conference for hints 0:05:06.240 --> 0:05:09.239 on when the baby might finally start cutting in London, 0:05:09.240 --> 0:05:10.880 I'm Unepotsplinberg Radio. 0:05:10.720 --> 0:05:12.880 Okay you and thank you. Heading to Asia now in 0:05:12.920 --> 0:05:16.080 a focus on Tesla, sources tell Bloomberg News the electric 0:05:16.200 --> 0:05:19.880 vehicle giant is ramping up job cuts in China as 0:05:19.960 --> 0:05:23.440 sales slow. The layoffs reportedly affect a range of departments, 0:05:23.680 --> 0:05:28.120 including customer service, engineering, production line, and the logistics team. 0:05:28.160 --> 0:05:29.640 At Tesla's Shanghai plant. 0:05:30.000 --> 0:05:33.159 Elsewhere in Tact Bloomberg's reporting on the huge dilemma to Apple, 0:05:33.200 --> 0:05:36.520 Who's going to succeed CEO Tim Cook? Bloomberg Chief Apple 0:05:36.520 --> 0:05:39.839 correspondent Mark germatt As examined Cook's tenure and who could 0:05:39.839 --> 0:05:43.159 follow him to lead the multi trillion dollar company. Grimman says, 0:05:43.160 --> 0:05:45.800 they're a number of candidates who could fill that role 0:05:46.200 --> 0:05:46.760 if Tim. 0:05:46.600 --> 0:05:48.839 Cook would have stepped down in the very near future. 0:05:49.240 --> 0:05:52.960 Look no further than Jeff Williams. He's Apple's chief operating officer. 0:05:53.360 --> 0:05:55.360 That was the same role that Tim Cook held for 0:05:55.400 --> 0:05:58.479 many years under Steve Jobs. The other part of it 0:05:58.560 --> 0:06:00.720 is that he's only two years younger than Look, that's 0:06:00.720 --> 0:06:04.239 a problem that leaves us with someone else. That's John Turnas, 0:06:04.279 --> 0:06:06.000 the senior VP of hardware Engineering. 0:06:06.040 --> 0:06:09.120 Bloomberg's Mark Germit says he strongly believes this the session 0:06:09.160 --> 0:06:12.760 will happen internally and believes John Turnis is emerging as 0:06:12.800 --> 0:06:15.040 Tim Cook's most likely successor. 0:06:15.640 --> 0:06:19.320 And Elsewhere in company news, John shares in chip designer 0:06:19.520 --> 0:06:23.960 ARM tumbled after a lukewarm forecast. Revenue for fiscal twenty 0:06:23.960 --> 0:06:26.680 five is expected to be just shyve Analyst estimates of 0:06:26.720 --> 0:06:30.679 four billion dollars. Kuon John Sabani of Bloomberg Intelligence says 0:06:30.720 --> 0:06:32.720 it reflects a sector wide slowdown. 0:06:33.000 --> 0:06:35.840 The driver for the mislike miss in the fiscal ear 0:06:35.880 --> 0:06:38.800 guidance was coming really from two major areas. One is 0:06:38.880 --> 0:06:43.479 networking and the other is the industrial IoT, which most 0:06:43.520 --> 0:06:46.640 of the semiconductor companies exposed to this rcing weakness here, 0:06:46.680 --> 0:06:49.400 So that's not companies specific, it's just that end market 0:06:49.440 --> 0:06:51.640 is going through a cyclical bottom. 0:06:52.000 --> 0:06:56.240 That's Bloomberg Semiconductor analyst kun John Sabani, he says. Armed 0:06:56.279 --> 0:07:00.600 CEO renee Has says the company remains very confident in 0:07:00.640 --> 0:07:01.880 its long term growth. 0:07:06.320 --> 0:07:06.480 Yew. 0:07:06.520 --> 0:07:08.520 That brings us to five o eight. We'll so you've 0:07:08.560 --> 0:07:10.000 tend that for a look at some of the other 0:07:10.040 --> 0:07:12.480 stories making news in New York and around the world. 0:07:12.520 --> 0:07:15.320 In for that, we're joined by Bloomberg's Michael Barr Michael, 0:07:15.360 --> 0:07:16.080 good morning. 0:07:15.880 --> 0:07:18.840 Good morning John. Stormy Daniels will return to the witness 0:07:18.880 --> 0:07:22.200 stand today in Donald Trump's criminal hush money trial. The 0:07:22.280 --> 0:07:25.320 defense will try to undermine the credibility of the porn 0:07:25.360 --> 0:07:29.840 actor's graphic testimony about an alleged sexual encounter and the 0:07:29.880 --> 0:07:33.360 money she got to keep quiet. Daniel's account is central 0:07:33.400 --> 0:07:37.680 to the prosecutor's case accusing Trump of scheming to illegally 0:07:37.760 --> 0:07:43.240 influence the twenty sixteen presidential campaign by burying unflattering stories. 0:07:43.560 --> 0:07:47.080 Trump denies they ever had sex. Tennessee has taken the 0:07:47.080 --> 0:07:50.000 brunt of severe storms that spawned tornadoes over the last 0:07:50.080 --> 0:07:54.720 two days. The storm det rumbled across northeastern Tennessee, knocked 0:07:54.840 --> 0:07:57.760 down power lines and trees, and took the lives of 0:07:57.800 --> 0:08:01.680 two people in the state. Spring Hill Mayor Jim Hennegeman 0:08:02.040 --> 0:08:04.760 says that the team was ready to step in and 0:08:04.840 --> 0:08:06.320 help neighboring towns in need. 0:08:06.680 --> 0:08:09.800 We committed a lot of resources to this event here, 0:08:09.840 --> 0:08:13.200 and I'm happy to say that it's just a wonderful 0:08:13.280 --> 0:08:15.280 thing to see all of the mutual way that came 0:08:15.600 --> 0:08:18.480 under one command, and everybody that could do everything right, 0:08:18.600 --> 0:08:20.440 they did it right. We're still working to remove a 0:08:20.440 --> 0:08:21.679 lot of debris that has occurred. 0:08:22.080 --> 0:08:26.240 Another person was killed by tornadoes in North Carolina. Four 0:08:26.320 --> 0:08:30.320 flight attendants are facing federal charges for allegedly smuggling drug 0:08:30.360 --> 0:08:34.360 money while carrying out their jobs. They allegedly used what 0:08:34.600 --> 0:08:39.800 are known as known crew member or KM privileges, allowing 0:08:39.880 --> 0:08:44.320 flank crews to bypass TSA security checks. They are accused 0:08:44.320 --> 0:08:47.640 of smuggling millions of dollars in drug money over many 0:08:47.720 --> 0:08:51.160 years to the Dominican Republic. All of the suspects are 0:08:51.200 --> 0:08:54.440 from New York. Delta Airlines confirms too of the flight 0:08:54.440 --> 0:08:59.040 attendants work for Delta and have been suspended. How subcommittee 0:08:59.040 --> 0:09:02.000 heard from the leaders of three large public school systems 0:09:02.000 --> 0:09:05.199 in the US, including New York City, wanting to know 0:09:05.360 --> 0:09:09.320 if they were doing anything about anti Semitism speech and threats. 0:09:09.880 --> 0:09:13.240 New York GOP Representative Elie Stephonic is a member of 0:09:13.280 --> 0:09:13.920 the committee. 0:09:14.040 --> 0:09:16.280 Now, I'll tell you the hearings are important because they 0:09:16.320 --> 0:09:20.200 do deliver accountability where it has been slow walked by 0:09:20.600 --> 0:09:22.960 either elected officials, like in the case of the mayor 0:09:23.000 --> 0:09:25.600 of DC, where it took the night before the hearing 0:09:25.800 --> 0:09:28.800 for them to clear out the Prohamas encampment at GW. 0:09:29.600 --> 0:09:33.200 Congresswoman Stephanic says, there are going to continue to be 0:09:33.360 --> 0:09:36.800 hearings on this crisis. Global news twenty four hours a 0:09:36.880 --> 0:09:39.559 day and whenever you want it. With the Bloomberg News. Now, 0:09:39.640 --> 0:09:42.320 I'm Michael Barr, and this is Bloomberg John. 0:09:42.280 --> 0:09:48.360 Michael, thank you. We're going to sign out for the 0:09:48.360 --> 0:09:49.600 Bloomberg Sports Update. 0:09:49.679 --> 0:09:50.320 Dan for that. 0:09:50.480 --> 0:09:52.560 Good morning, John Stesharwer. 0:09:52.320 --> 0:09:55.720 Good morning John Tucker. May eight May eight, nineteen seventy. 0:09:55.800 --> 0:09:58.520 The late Willis Read shakes off an injury inspires the 0:09:58.600 --> 0:10:01.120 next to a playoff went at the Garden. Exactly fifty 0:10:01.160 --> 0:10:04.600 four years later, Jalen Brunson does the same thing. Hurtis 0:10:04.600 --> 0:10:06.440 Foyt late first quartered In played all in the second. 0:10:06.520 --> 0:10:09.439 Nicks trailed the Pacers by twelve early in the third, 0:10:09.440 --> 0:10:11.400 but Brunson return Nick's rally. 0:10:11.480 --> 0:10:12.240 They once again. 0:10:12.080 --> 0:10:15.079 Pulled out a victory with big hoops in the final minute. 0:10:15.400 --> 0:10:16.080 Bob pass for. 0:10:16.160 --> 0:10:18.839 Hart left side, drives on hallipurts right wait. 0:10:18.920 --> 0:10:23.640 Devincenzo ns up nine. The next fleet by nine. 0:10:23.840 --> 0:10:26.560 Brunson one on one with Nemark crosses over a couple 0:10:26.640 --> 0:10:30.520 of times. Spence in the paint floats up next. 0:10:30.280 --> 0:10:33.640 Week by eight w APN Knicks beat Indiana one thirty 0:10:33.679 --> 0:10:36.280 one twenty one, lead the series two nothing. Brunson scored 0:10:36.320 --> 0:10:38.920 twenty nine points. Dante DiVincenzo with that big three he 0:10:38.960 --> 0:10:41.840 had twenty eight, and so did O Gananobi. He was 0:10:41.840 --> 0:10:44.120 having his best game ever until he went down with 0:10:44.160 --> 0:10:47.360 a hamstring injury third quarter. Also from the NBA Denvers, 0:10:47.440 --> 0:10:50.760 Nikola Jokis named MVP third time the last four years. 0:10:50.760 --> 0:10:53.560 Stanley Cup Playoffs. After Boston won Game one five to one, 0:10:53.640 --> 0:10:56.439 Florida took Game two six to one. Vancouver came from 0:10:56.480 --> 0:10:59.199 four to one down beat Edmonton five to four in 0:10:59.240 --> 0:11:01.280 the series open A Rangers look to stay unbeaten in 0:11:01.360 --> 0:11:04.800 the postseason. Tonight, it's Game three at Carolina, fifth straight 0:11:04.840 --> 0:11:06.920 win for the Yankees at the Stadium won Solo got 0:11:07.000 --> 0:11:08.960 him go on two run homer first inning, his ninth 0:11:08.960 --> 0:11:11.760 of the year. Two innings later, both Aaron Judge and 0:11:11.840 --> 0:11:14.640 Giant Carlos Stanton with their eighth home runs. Yanks beat 0:11:14.679 --> 0:11:17.800 the struggling Astros nine to four. Mets reigned out in 0:11:17.840 --> 0:11:20.520 Saint Louis. Chris Sale beat his old team, pitched Atlanta 0:11:20.880 --> 0:11:23.040 to a five nothing win over the Red Slaps. Marcello 0:11:23.160 --> 0:11:26.720 zunohomer twice. Beltway Series in DC, the Nationals tied the 0:11:26.720 --> 0:11:30.040 Orioles with two runs and the ninth and eleventh innings 0:11:30.080 --> 0:11:32.400 got one. In the twelfth of Baltimore won seven six 0:11:32.760 --> 0:11:36.600 Shoe Alatani's former interpreter, Ife Musahara, has agreed to plead 0:11:36.640 --> 0:11:40.559 guilty to felony, bank and tax fraud charges. John Stashedward 0:11:40.559 --> 0:11:41.920 Bloomberg Sports. 0:11:41.640 --> 0:11:42.240 John and Nick. 0:11:44.320 --> 0:11:48.480 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:48.600 --> 0:11:51.480 and around the world on Bloomberg dot Com and the 0:11:51.520 --> 0:11:54.920 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:55.520 --> 0:11:58.400 Good morning. I'm Nathan Hager. Israel is facing even more 0:11:58.440 --> 0:12:01.280 pressure in public and in private as it considers a 0:12:01.320 --> 0:12:04.280 full scale attack against Hamas in the southern Gaza city 0:12:04.320 --> 0:12:07.320 of Rafa. The US is already delayed one weapons shipment 0:12:07.400 --> 0:12:10.640 to try to stop Israel. Now President Biden is warning 0:12:10.679 --> 0:12:13.720 even more deliveries could be put on hold unless Israel 0:12:13.760 --> 0:12:17.120 does more to protect civilians and joining US Now for 0:12:17.240 --> 0:12:21.720 more from Dubai is Bloomberg Middle East Anchored Jumana Burseetschi Jamana. 0:12:21.840 --> 0:12:24.400 Good morning. So what is the latest that the president 0:12:24.480 --> 0:12:26.960 is saying? How is it being received in the Middle East? 0:12:27.880 --> 0:12:31.840 Yeah, so significant development overnight. I think it's worth emphasizing 0:12:31.880 --> 0:12:35.160 here that this is the first halt in military shipments 0:12:35.200 --> 0:12:38.160 we've seen out of the US to Israel since the 0:12:38.200 --> 0:12:42.680 October seventh attack, and so from that perspective, it is 0:12:42.880 --> 0:12:46.360 really quite significant and does pose a bit of a 0:12:46.440 --> 0:12:48.760 questions about the nature of their leadship right now between 0:12:48.920 --> 0:12:52.120 US and Israel. Yesterday it emerged that they had decided 0:12:52.160 --> 0:12:55.000 to hold the shipment of about three five hundred bombs 0:12:55.200 --> 0:12:58.760 to Israel in anticipation of this assault on Napha. Of course, 0:12:58.920 --> 0:13:02.400 yesterday Israel did take over that key border crossing on 0:13:02.679 --> 0:13:05.679 the border with Egypt that is a key pathway for 0:13:05.800 --> 0:13:09.080 the passage of humanitarian aid into the Gaza Strip. And 0:13:09.320 --> 0:13:13.200 the major concern from the US perspective is the mounting 0:13:13.240 --> 0:13:17.320 number of civilian casualties in addition to a growing humanitarian crisis. 0:13:17.360 --> 0:13:20.360 About one point five million people still live in fact, 0:13:20.520 --> 0:13:23.440 one point one million are estimated to be in a 0:13:23.559 --> 0:13:27.680 category five of hunger, which in other words is means 0:13:27.679 --> 0:13:32.080 a're very close to acute famine situation. So many people 0:13:32.120 --> 0:13:35.559 around the world, they're getting very concerned about the humanitarian 0:13:35.640 --> 0:13:36.880 crisis that could be looming. 0:13:37.520 --> 0:13:38.440 But for now, what. 0:13:38.360 --> 0:13:41.600 We see is there has been a limited assault so 0:13:41.800 --> 0:13:44.360 far from Israel. They have not gone for that full 0:13:44.400 --> 0:13:46.719 blown ground offensive that had been talked about the last 0:13:46.760 --> 0:13:49.120 couple of months, and clearly the US are trying to 0:13:49.120 --> 0:13:51.920 put some pressure on them now to scale back and 0:13:51.920 --> 0:13:54.880 to hold back the background. Of course, Nathan is on 0:13:54.960 --> 0:13:58.200 the sidelines in Cairo this week. There are some top 0:13:58.280 --> 0:14:02.040 level discussions taking place between in cut Our, Egypt, and 0:14:02.120 --> 0:14:05.240 of course representatives from the US, Israel, and Hamas to 0:14:05.280 --> 0:14:07.400 find some sort of an agreement on a true scale. 0:14:07.760 --> 0:14:07.920 Yeah. 0:14:07.960 --> 0:14:10.200 So it speaks to the difficult balance that the US 0:14:10.280 --> 0:14:12.520 is trying to strike here, trying to show that its 0:14:12.559 --> 0:14:16.160 support for Israel, as it said, remains iron clad, well, 0:14:16.280 --> 0:14:21.400 trying to keep these hostage negotiations and ceasefire negotiations continuing. 0:14:21.760 --> 0:14:24.360 What is the balance that the US is trying to 0:14:24.400 --> 0:14:27.160 strike and how is it being received in Israel right now? 0:14:27.440 --> 0:14:31.080 Exactly? So that is the key question here, because I 0:14:31.080 --> 0:14:33.920 think it is also worth emphasizing that in that interview 0:14:34.000 --> 0:14:37.280 that President Biden gave yesterday to CNN, he also said 0:14:37.320 --> 0:14:40.480 we are not walking away from Israel's security, We are 0:14:40.520 --> 0:14:43.960 walking away from Israel's ability to wage war in those 0:14:44.040 --> 0:14:48.120 areas specifically those areas. Also again worth reminding people that 0:14:48.400 --> 0:14:52.640 this is a pause in these shipments, the specific shipments 0:14:52.640 --> 0:14:55.320 that I mentioned, those three five hundred bombs. But you 0:14:55.360 --> 0:14:59.280 may recall that not so long ago, the US did 0:14:59.400 --> 0:15:02.320 pass a Buil that allowed for a package of a 0:15:02.520 --> 0:15:05.400 to be delivered to Israel that include further military assistance 0:15:05.440 --> 0:15:08.960 and economic assistance that will remain untouched. So that is 0:15:09.000 --> 0:15:12.280 still going ahead. As far as the Israeli response, we 0:15:12.360 --> 0:15:15.120 haven't got an official response out of the Nataniahu office, 0:15:15.160 --> 0:15:18.400 but very outspoken members of the cabinet, more hawkish members. 0:15:18.440 --> 0:15:21.000 The National Defense Minister Ben Gavier put up a tweet 0:15:21.640 --> 0:15:26.160 saying Hammas love Biden. Very strong statement from his side. 0:15:26.680 --> 0:15:30.680 Many have expressed this pleasure with the US decision and 0:15:30.760 --> 0:15:34.520 have said that US needs to be focusing on Hamas 0:15:34.600 --> 0:15:37.600 and restraining Hamas rather than Israel at this point. 0:15:37.880 --> 0:15:40.760 This is Bloomberg day Break Today, your morning brief on 0:15:40.840 --> 0:15:44.400 the stories making news from Wall Street to Washington and beyond. 0:15:44.520 --> 0:15:46.880 Look for us on your podcast feed by six am 0:15:46.920 --> 0:15:50.680 Eastern each morning, on Apple's Spotify and anywhere else you 0:15:50.720 --> 0:15:51.840 get your podcasts. 0:15:52.080 --> 0:15:54.760 You can also listen live each morning starting at five 0:15:54.840 --> 0:15:57.480 am Wall Street time on Bloomberg eleven three to zero 0:15:57.480 --> 0:16:00.320 in New York, Bloomberg ninety nine to one in wash Ten, 0:16:00.440 --> 0:16:03.320 Bloomberg one oh six y one in Boston, and Bloomberg 0:16:03.400 --> 0:16:05.040 nine sixty in San Francisco. 0:16:05.320 --> 0:16:08.000 Our flagship New York station, is also available on your 0:16:08.040 --> 0:16:13.000 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:16:13.000 --> 0:16:16.440 Listen coast to coast on the Bloomberg Business app, SERRIUSXM, 0:16:16.560 --> 0:16:20.880 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:20.760 --> 0:16:22.960 And I'm John Tucker. Join us again tomorrow morning for 0:16:23.080 --> 0:16:25.000 all the news you need to start your day, right 0:16:25.040 --> 0:16:26.600 here on Bloomberg day Break