Biden and Netanyahu to Speak; Iger Wins Proxy Fight

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.840 --> 0:00:11.680 Good morning, I'm Nathan Hager. 0:00:11.520 --> 0:00:14.720 And I'm Karen Moscow. Here are the stories we're following today. 0:00:14.840 --> 0:00:16.959 Karen will have more on the markets in a minute. First, 0:00:17.040 --> 0:00:19.480 the latest on the war in the Middle East. As 0:00:19.520 --> 0:00:23.840 tensions deepened between President Biden and Israeli Prime Minister Benjamin Netanyahu. 0:00:23.920 --> 0:00:26.840 The two leaders are scheduled to speak by phone today. 0:00:27.160 --> 0:00:29.560 Bloomberg's Amy Morris reports from Washington. 0:00:29.800 --> 0:00:33.920 President Biden issued his most forceful criticism yet of Israel's 0:00:33.920 --> 0:00:37.360 military conduct after the airstrike on a convoy of workers 0:00:37.360 --> 0:00:40.640 from World Central Kitchen, a disaster relief group founded by 0:00:40.760 --> 0:00:44.400 Chef jose Andres, saying he was outraged and heartbroken and 0:00:44.440 --> 0:00:48.360 calling for swift investigations. The President also accusing Israel of 0:00:48.400 --> 0:00:50.400 not doing enough to protect civilians. 0:00:50.800 --> 0:00:50.959 Now. 0:00:50.960 --> 0:00:53.320 Today's call will be the first between the two men 0:00:53.360 --> 0:00:56.160 since the AID workers were killed. They last spoke on 0:00:56.240 --> 0:01:00.480 March eighteenth in Washington. Amy Morris Bloomberg Radio, Amy, thank 0:01:00.520 --> 0:01:00.760 you well. 0:01:00.840 --> 0:01:03.720 Israel's Prime minister is facing more pressure from within his 0:01:03.760 --> 0:01:07.120 own war cabinet. Benny Ganz, the former military commander who 0:01:07.160 --> 0:01:10.600 now heads Israel's National Unity Party, is calling for early 0:01:10.640 --> 0:01:14.120 elections in September rather than twenty twenty six as scheduled. 0:01:14.400 --> 0:01:18.800 Gansa's popularity has surged with Israeli voters, while Nettan Yahoo's 0:01:18.840 --> 0:01:22.920 has dived. Now Netan Yaho's Likud party says early elections 0:01:22.959 --> 0:01:26.200 would lead to paralysis, division and fatal damage to the 0:01:26.319 --> 0:01:29.320 chances for a hostage deal, but Gan says it would 0:01:29.400 --> 0:01:32.759 not dent Israel's war effort against Tamas and would prevent 0:01:32.840 --> 0:01:33.839 a rift in the nation. 0:01:34.160 --> 0:01:36.720 Well, now, Karen to the latest on US China relations. 0:01:36.760 --> 0:01:40.000 Treasury Secretary Janet Yellen is on her way to China. 0:01:40.080 --> 0:01:42.640 It'll be her second trip in nine months. Yellen spoke 0:01:42.680 --> 0:01:46.759 to reporters in Alaska before leaving and have agreed. 0:01:46.800 --> 0:01:50.480 That it's important to both of us that we don't 0:01:50.520 --> 0:01:55.920 want to decouple our economies. We want to continue. 0:01:56.160 --> 0:01:57.320 We think we both. 0:01:57.080 --> 0:02:00.880 Benefit from trade and investment, but it needs to be 0:02:00.960 --> 0:02:02.520 in the local playing field. 0:02:02.720 --> 0:02:05.080 And while in China, Secretary Yellen will spend two days 0:02:05.080 --> 0:02:08.240 in the southern commercial manufacturing hub of Guangzhou before heading 0:02:08.240 --> 0:02:10.200 to Beijing for two more days of talks. 0:02:10.639 --> 0:02:13.800 We turn to the economy now. Nathan Fedchaer, Jerome Powell 0:02:14.000 --> 0:02:17.360 is reaffirming the Central Bank well likely lower rates this year, 0:02:17.400 --> 0:02:19.480 and we get more from Bloomberg's John Tucker. 0:02:19.600 --> 0:02:23.800 John and Karen Powell's comments at Stanford University helped calm 0:02:23.800 --> 0:02:25.040 any market jitters. 0:02:25.440 --> 0:02:27.880 The policy rate is likely at its peak for this 0:02:27.919 --> 0:02:31.840 tightening cycle. If the economy evolves broadly as we expect, 0:02:32.200 --> 0:02:35.760 most FMC participants see it as likely to be appropriate 0:02:35.840 --> 0:02:38.720 to begin lowering the policy rate at some point this year. 0:02:39.040 --> 0:02:42.679 Pal said. Recent inflation figures, though higher than expected, did 0:02:42.720 --> 0:02:46.680 not materially change the overall picture. Investors are putting roughly 0:02:46.760 --> 0:02:49.640 even odds on an initial rate cut in June, and 0:02:49.720 --> 0:02:52.320 pricing does suggest they see a chance of fewer than 0:02:52.400 --> 0:02:56.040 three reductions this year. Next op investors will closely watch 0:02:56.160 --> 0:02:59.200 non farm payroll data tomorrow for further clues on the 0:02:59.240 --> 0:03:02.040 health of the USA economy and the likely path of 0:03:02.200 --> 0:03:05.000 monetary policy. John Tucker, Bloomberg Radio. 0:03:05.080 --> 0:03:07.080 All right, John, thanks for all investors focused in on 0:03:07.200 --> 0:03:10.040 j Powell. A busy week for Fed speak continues. We'll 0:03:10.080 --> 0:03:13.679 hear from seven different FED officials at different events today. Yesterday, 0:03:13.720 --> 0:03:16.720 FED Governor Adriana Kougler said lower rates are likely this year. 0:03:16.760 --> 0:03:20.120 She said inflation could moderate further without significant cost to 0:03:20.240 --> 0:03:22.959 jobs or economic growth this year, even. 0:03:22.680 --> 0:03:27.920 With demand growth cooling. Given the backdrop of solid supply, 0:03:29.000 --> 0:03:33.880 my baseline expectation is that further disiplation can be accomplished 0:03:34.400 --> 0:03:37.279 without a significant rise in unemployment. 0:03:37.440 --> 0:03:40.160 In FED Governor Adriana Coogler made those comments yesterday at 0:03:40.200 --> 0:03:41.840 Washington University in Saint. 0:03:41.720 --> 0:03:45.160 Louis Well plenty of company news this morning. Nathan Exon 0:03:45.200 --> 0:03:48.040 Mobiles says first quarter earnings will likely be lower than 0:03:48.080 --> 0:03:50.760 in the prior three month period due to falling oil 0:03:50.840 --> 0:03:53.880 and gas prices. We get details from Bloomberg's Turni Pillot. 0:03:54.200 --> 0:03:57.800 In a filing, Exxon said it's upstream division will take 0:03:57.840 --> 0:04:00.600 a hit of as much as one billion dollars from 0:04:00.800 --> 0:04:04.840 lower oil and gas prices. Exon is the first of 0:04:04.880 --> 0:04:08.560 the oil majors to publish earnings guidance for the first quarter. 0:04:08.920 --> 0:04:12.400 The expected drop in profit may signal a tougher earning 0:04:12.480 --> 0:04:15.520 season ahead than the prior period, when four of the 0:04:15.600 --> 0:04:21.760 five super majors comfortably beat handleist expectations despite lower commodity prices. 0:04:22.160 --> 0:04:25.120 In New York, Charlie Pellett Bloomberg Radio. 0:04:24.880 --> 0:04:26.920 All Right, Charlie thank you well, it's a big victory 0:04:26.920 --> 0:04:29.760 for Bob Eiger. Walt Disney shareholders have handed the chief 0:04:29.800 --> 0:04:33.920 executive officer a big vote of confidence, rejecting dissident investor 0:04:33.960 --> 0:04:35.919 Nelson Peltz has been for a board seat at the 0:04:36.040 --> 0:04:40.280 entertainment giant. Gatha Ranganatham covers Disney for Bloomberg Intelligence. 0:04:40.640 --> 0:04:43.000 In terms of any near term changes, I think it's 0:04:43.040 --> 0:04:45.600 just going to be business as usual. Obviously he comes 0:04:45.640 --> 0:04:49.159 out victorious. I think this is definitely going to supercharge 0:04:49.240 --> 0:04:53.200 him and his efforts, but there is going to be continued. 0:04:54.000 --> 0:04:59.640 I think watch on kind of how Disney performs, but 0:04:59.680 --> 0:05:02.599 obvious sleep for today. I think mab Biger is definitely 0:05:02.680 --> 0:05:03.279 very relieved. 0:05:03.400 --> 0:05:06.600 Keith the Rong Andnathan of Bloomberg Intelligence says shareholders elected 0:05:06.640 --> 0:05:09.440 all of Disney's choices for the board. Disney is the 0:05:09.480 --> 0:05:12.560 best performing stock in the Dow Jones Industrial Average this year. 0:05:12.600 --> 0:05:14.279 It's up almost thirty two percent. 0:05:14.920 --> 0:05:18.839 Nathan another media news Bloomberg News has learned Paramount Global, 0:05:18.880 --> 0:05:21.599 the parent of CBS and MTV, is getting closer to 0:05:21.640 --> 0:05:24.720 a deal to merge with independent producer David Ellison's sky 0:05:24.800 --> 0:05:28.440 Dance Media. Hears a Paramount have declined for years, reflecting 0:05:28.480 --> 0:05:30.880 the company's loss of TV viewers to other forms of 0:05:31.000 --> 0:05:34.400 entertainment and its costly efforts to develop a streaming service. 0:05:35.240 --> 0:05:37.960 We're keeping an eye on Apple, Karen. The tech giant 0:05:38.040 --> 0:05:41.960 is exploring a move into personal robotics. Source to say 0:05:42.000 --> 0:05:44.640 Apple engineers are looking for their next big thing after 0:05:44.680 --> 0:05:46.800 canceling a major electric vehicle project. 0:05:46.839 --> 0:05:49.159 In February, Bloomberg's Mark German broke the story. 0:05:49.360 --> 0:05:51.880 This is very nascent, very early. Would be a home 0:05:51.960 --> 0:05:55.760 robot that can follow you around. It would navigate autonomously 0:05:56.440 --> 0:05:58.760 like the self driving car Apple was working on. It 0:05:58.800 --> 0:06:01.880 would have a focus on video conferencing, and there's even 0:06:01.880 --> 0:06:05.360 been discussion internally. This is a pie in the sky idea. 0:06:05.960 --> 0:06:09.360 The eventual peak of robotics could be the device being 0:06:09.360 --> 0:06:11.760 able to do the dishes, clean the dishes in your sink, 0:06:11.800 --> 0:06:12.160 on your. 0:06:12.080 --> 0:06:13.280 Behalf, and blue brigs. 0:06:13.320 --> 0:06:16.640 Mark German says Apple's advertising for robotics related roles on 0:06:16.680 --> 0:06:19.960 its website, indicating that it's trying to expand teams working 0:06:20.000 --> 0:06:20.760 on the project. 0:06:21.120 --> 0:06:23.200 He Nathan, we have news out of the executive suite 0:06:23.279 --> 0:06:27.120 this morning. Carlisle Group chief executive Harvey Schwartz was awarded 0:06:27.160 --> 0:06:29.719 a one hundred and eighty seven million dollar pay package 0:06:29.760 --> 0:06:32.200 in his first year at the private equity firm. The 0:06:32.240 --> 0:06:36.440 former Goldman Sachs president has been tasked with steadying Carlisle 0:06:36.480 --> 0:06:39.400 for growth and bolstering its stock price, which is lagged 0:06:39.400 --> 0:06:46.120 behind its biggest publicly traded rivals. And it's time now 0:06:46.120 --> 0:06:47.760 for a look at some of the other stories making 0:06:47.800 --> 0:06:50.240 news in New York and around the world. We're joined 0:06:50.240 --> 0:06:51.599 by Bloomberg's Michael Barr. 0:06:51.640 --> 0:06:53.320 Michael, good morning, Good morning Karen. 0:06:53.360 --> 0:06:57.000 The rescuers are searching for survivors a day after Taiwan's 0:06:57.000 --> 0:07:01.080 strongest earthquake in a quarter century. Damage buildings, caused multiple 0:07:01.160 --> 0:07:05.000 rock slides and killed at least nine people. More than 0:07:05.040 --> 0:07:08.080 a thousand people were injured in the quake. Meanwhile, the 0:07:08.080 --> 0:07:10.160 White House says it is in touch with officials in 0:07:10.200 --> 0:07:14.120 Taiwan and are ready to help in whatever way is required. 0:07:14.520 --> 0:07:17.960 Several days of torrential rain soaked the Tri state area. 0:07:18.400 --> 0:07:21.520 Southern New Jersey. Residents are worried about flooding, while others 0:07:21.720 --> 0:07:24.800 just want the rain to stop. In Westville, New Jersey, 0:07:24.840 --> 0:07:28.040 construction crews worked in the mud, and one worker admits 0:07:28.120 --> 0:07:29.080 it wasn't pleasant. 0:07:29.320 --> 0:07:32.800 It's not the easiest conditions in the world, that's for sure. 0:07:33.480 --> 0:07:35.720 You know, we've were working out in the rain all day. 0:07:36.080 --> 0:07:39.160 Cold, you know, chilly, muggy. 0:07:39.440 --> 0:07:43.440 Other parts of New Jersey had downed trees and power lines. 0:07:43.840 --> 0:07:47.080 New York Mayor Eric Adams and the NYPD released crime 0:07:47.120 --> 0:07:50.600 statistics for the first quarter of this year. According to Adams, 0:07:50.640 --> 0:07:53.040 there has been more than a twenty three percent drop 0:07:53.040 --> 0:07:55.800 and overall crime in the subway system from March of 0:07:55.840 --> 0:07:59.360 twenty twenty four to the same time last year. Adams 0:07:59.400 --> 0:08:01.840 reference to the moment earlier this week when he and 0:08:01.920 --> 0:08:04.160 officers were down in the subway system. 0:08:04.800 --> 0:08:07.360 People were walking through the gate or attempting to walk 0:08:07.400 --> 0:08:09.800 through the gates so frequently, and one guy. 0:08:09.720 --> 0:08:12.040 Told us what is transit is free, has been free 0:08:12.040 --> 0:08:13.000 for weeks. 0:08:13.800 --> 0:08:16.840 No one was taking the initiative of saying this is 0:08:16.880 --> 0:08:20.880 the expected behavior on our system. We're now taking that initiative. 0:08:20.960 --> 0:08:25.040 Adam's also highlighted the one thousand additional uniformed officers into 0:08:25.080 --> 0:08:28.800 the subway system each day. Foreign ministers, including Secretary of 0:08:28.840 --> 0:08:31.760 State Anthony Blanklin, gathered in Brussels to mark seventy five 0:08:31.840 --> 0:08:32.880 years of NATO. 0:08:33.040 --> 0:08:35.280 Let us together protect all we built in seventy five 0:08:35.360 --> 0:08:39.920 years under NATO's shield, and I'm sure that remains strong 0:08:40.480 --> 0:08:43.280 to keep building for the next seventy five years and 0:08:43.360 --> 0:08:44.280 well beyond that. 0:08:44.360 --> 0:08:47.920 It was founded in nineteen forty nine as collective protection 0:08:48.080 --> 0:08:51.800 against aggression from the Soviet Union. Global News twenty four 0:08:51.800 --> 0:08:53.959 hours a day and whenever you want it with the 0:08:53.960 --> 0:08:57.160 Bloomberg News. Now. I'm Michael Barr in this is Bloomberg Heron. 0:08:57.320 --> 0:09:03.960 All right, Michael barr thank you. Time now for the 0:09:03.960 --> 0:09:06.360 Bloomberg Sports Update with John Stashauer. 0:09:06.440 --> 0:09:07.959 John, good morning, Good morning, Karen. 0:09:08.040 --> 0:09:10.319 Rangers and Devils at the Garden. When they met last 0:09:10.320 --> 0:09:12.360 month in Newark, there was an illegal hit by the 0:09:12.440 --> 0:09:15.360 Rangers rookie and forcer, and Matt Rempy got suspended for it. 0:09:15.640 --> 0:09:18.439 The Devils felt they didn't have a chance for adequate revenge. 0:09:18.440 --> 0:09:21.160 So here's what took place. A second after the opening 0:09:21.200 --> 0:09:23.600 face off, the. 0:09:23.600 --> 0:09:27.160 Gloves are dropped. We've got a line brawl Jimmy Feci 0:09:27.720 --> 0:09:31.480 and it looks like Curtis Lazaar, so I have to 0:09:31.559 --> 0:09:34.680 set a redline. Meanwhile, Rempy and McDermott trump the gloves 0:09:34.679 --> 0:09:35.640 outside the circle. 0:09:35.760 --> 0:09:36.880 Goutrow has picked. 0:09:36.679 --> 0:09:40.360 Up Kevin Ball, Jacob Truba has picked up Chris Tierney, 0:09:40.360 --> 0:09:43.080 and back of the Rangerson, you've got KeAndre Miller and 0:09:43.160 --> 0:09:43.880 Sean Marito. 0:09:44.040 --> 0:09:45.839 He has been radied with the blow by blow. It 0:09:46.000 --> 0:09:48.160 was the scene straight out of the movie Slap Shot. 0:09:48.200 --> 0:09:50.920 The main event was a rempy against the Devil's Curtis McDermott. 0:09:50.920 --> 0:09:54.199 They squared off for about ninety seconds, ten fighting penalties, 0:09:54.240 --> 0:09:57.120 eight game misconducts, and then they played hockey and the 0:09:57.200 --> 0:09:58.880 Rangers won four to three on a Chris Crader goal 0:09:58.920 --> 0:10:01.760 with five minutes left. Nets beat the Pacers one, fifteen, 0:10:01.800 --> 0:10:05.719 one eleven in Boston, Celtics sixtieth winner thirty three and three. 0:10:05.760 --> 0:10:08.160 At home, they blew out Oklahoma City by thirty five. 0:10:08.240 --> 0:10:11.800 Celtics that clinched home court throughout the NBA playoffs. Yankees 0:10:11.840 --> 0:10:14.120 back in New York home opener tomorrow. Water road trip 0:10:14.160 --> 0:10:17.000 to start the season against two quality teams, Houston and Arizona. 0:10:17.080 --> 0:10:18.960 They went six to one. Four of the wins were 0:10:19.080 --> 0:10:19.640 nail biers. 0:10:19.679 --> 0:10:22.360 They ended the trip beating the Diamondbacks six to five 0:10:22.400 --> 0:10:24.600 and eleven and eight's two run homers for Aaron Judge 0:10:24.600 --> 0:10:27.360 and Alex Verdugo. First of the year for Judge versus 0:10:27.400 --> 0:10:30.120 a Yankee for Verdugo Mets and Tigers. Another rain out, 0:10:30.160 --> 0:10:32.079 at least this time. They made the call early on 0:10:32.480 --> 0:10:35.040 doubleheaded this afternoon at City Field and the Dodgers five 0:10:35.120 --> 0:10:36.880 to four window of the Giants, a long home run 0:10:36.920 --> 0:10:40.120 for Joeyotani is first with his new team his old team. 0:10:40.160 --> 0:10:42.280 The Angels won ten to two in Miami, and the 0:10:42.280 --> 0:10:45.320 Marlins are all and seven, with all seven losses at home. 0:10:45.559 --> 0:10:48.520 Buffalo Bills have traded their four time Pro Bowl wideout 0:10:48.520 --> 0:10:51.280 Stefan Diggs to Houston for a second round draft pick 0:10:51.400 --> 0:10:55.000 next year. John Stashedward, Bloomberg Sports Karon, Nathan all. 0:10:55.000 --> 0:10:57.199 Right, John, thank you. SNP and Down futures at a 0:10:57.320 --> 0:11:00.640 quarter percent this morning, Nasdaq futures at fourteen of up percent, 0:11:00.640 --> 0:11:03.640 and the ten year Treasury yield four point three five percent. 0:11:06.400 --> 0:11:10.440 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:10.640 --> 0:11:13.520 and around the world on Bloomberg dot Com and the 0:11:13.559 --> 0:11:18.640 Bloomberg Business app. This is Bloomberg Daybreak. Good morning. 0:11:18.679 --> 0:11:21.120 I'm Nathan Hager, waiting on what could be a tough 0:11:21.160 --> 0:11:24.679 call for President Biden and Israeli Prime Minister Benjamin Netanyahu. 0:11:24.840 --> 0:11:27.000 The two leaders are set to speak by phone today, 0:11:27.080 --> 0:11:29.880 just three days after the deadly strike on World Central 0:11:29.960 --> 0:11:32.880 kitchen workers in Gaza that prompted some of the toughest 0:11:32.880 --> 0:11:35.679 words yet from the President over Israel's conduct of its 0:11:35.720 --> 0:11:38.760 war with Hummas. For the latest were joined by Bloomberg 0:11:38.800 --> 0:11:42.680 News Senior editor Bill Ferries. Bill, good morning. We've seen 0:11:42.720 --> 0:11:47.040 this shift in rhetoric that's been building from President Biden 0:11:47.760 --> 0:11:50.959 really since this war began. It almost seems like this 0:11:51.080 --> 0:11:53.959 incident that killed those seven World Central Kitchen workers has 0:11:54.000 --> 0:11:55.280 really brought things to a head. 0:11:56.400 --> 0:11:56.600 Yeah. 0:11:56.640 --> 0:11:59.440 I think it's the latest blow in a very very 0:11:59.480 --> 0:12:04.680 strained relationship, particularly between these two leaders. And you know, 0:12:04.760 --> 0:12:07.640 we've heard for weeks the White House and President Biden 0:12:07.720 --> 0:12:12.440 himself calling for a different approach, particularly with so many 0:12:12.480 --> 0:12:16.160 people huddled in the southern Gaza city of Rafa now 0:12:16.800 --> 0:12:19.640 in Israel, saying it will continue to go forward with 0:12:19.720 --> 0:12:23.480 plans for some kind of a ground invasion. And so 0:12:23.600 --> 0:12:25.800 this call today is going to be the kind of 0:12:25.800 --> 0:12:28.920 the latest chapter in that between between these two leaders. 0:12:29.440 --> 0:12:33.800 The real question is, though, whether whether the US pressure 0:12:34.400 --> 0:12:38.080 ends up really going beyond the public rhetoric and whether 0:12:38.160 --> 0:12:40.240 it starts to hold off on some of these kind 0:12:40.240 --> 0:12:44.400 of big ticket weapons sales or weapons provisions to Israel 0:12:45.040 --> 0:12:47.800 that have always kind of defined the relationship. So far, 0:12:47.840 --> 0:12:50.400 the Biden administration hasn't been willing to go that far. 0:12:51.240 --> 0:12:53.960 There has been some talk around the margins about doing so, 0:12:54.080 --> 0:12:55.080 but nothing serious. 0:12:55.120 --> 0:12:55.439 And so. 0:12:56.960 --> 0:13:00.600 The latest strike has drawn a lot of criticisms, but 0:13:00.640 --> 0:13:04.520 it hasn't fundamentally changed what's happening on the back side 0:13:04.520 --> 0:13:05.239 of the relationship. 0:13:05.360 --> 0:13:05.480 Now. 0:13:05.520 --> 0:13:07.520 That is the real question, isn't it, Bill, Because we 0:13:07.600 --> 0:13:09.960 have seen this sort of growing divide between the rhetoric 0:13:09.960 --> 0:13:12.400 that we're hearing from the president and the policy still 0:13:12.440 --> 0:13:15.800 continuing for US support. But President Biden, as you say, 0:13:15.920 --> 0:13:18.200 is really starting to feel pressure even from within his 0:13:18.240 --> 0:13:21.480 own party, some powerful senators saying that the US should 0:13:21.600 --> 0:13:24.200 use its leverage when it comes to weapons to try 0:13:24.240 --> 0:13:26.120 to go to Israel in a different direction. 0:13:27.480 --> 0:13:30.640 Absolutely, there's a lot of political pressure on the president 0:13:30.679 --> 0:13:34.240 from both sides really on this now, but particularly in 0:13:34.320 --> 0:13:37.880 his party. You have young voters who are really mobilized 0:13:37.920 --> 0:13:40.720 by this issue, by the war, who are much more 0:13:40.880 --> 0:13:44.680 likely to have some sympathy for the Palestinian cause here 0:13:45.360 --> 0:13:47.680 and many of those voters are in some key swing 0:13:47.720 --> 0:13:50.080 states that the president will have to win if he 0:13:50.120 --> 0:13:54.240 wants to take the election in November. So I think 0:13:54.240 --> 0:13:57.120 it's you know, on the other hand, you have an 0:13:57.160 --> 0:14:00.280 Israeli Prime minister who hasn't shown much signs of backing down. 0:14:00.400 --> 0:14:02.920 So I don't know how you thread that needle. I 0:14:02.920 --> 0:14:04.560 don't know that these two leaders are going to have 0:14:04.600 --> 0:14:07.440 any kind of a big breakthrough today, but it will 0:14:07.440 --> 0:14:10.840 be I'm sure a very frank conversation about their disagreements. 0:14:11.280 --> 0:14:11.400 Now. 0:14:11.440 --> 0:14:13.720 Bill, of course, you're based in Singapore, so not too 0:14:13.800 --> 0:14:16.960 far in relative terms from what's happening in Taiwan after 0:14:17.000 --> 0:14:19.520 the deadly earthquake there. Can you get us caught up 0:14:19.560 --> 0:14:20.320 on the recovery. 0:14:21.440 --> 0:14:21.720 Sure. 0:14:21.760 --> 0:14:25.320 We just had an update from the emergency personnel running 0:14:25.360 --> 0:14:29.120 the rescue operations. They've raised the death toll so far 0:14:29.640 --> 0:14:33.240 from this quake to ten people. It's the worst quake 0:14:33.320 --> 0:14:36.960 that Taiwan has suffered in about twenty five years, but 0:14:37.040 --> 0:14:39.960 it does seem like a lot it could have been 0:14:40.040 --> 0:14:42.760 much worse if not for a lot of building code 0:14:42.880 --> 0:14:45.480 changes and things like that that came into effect. And 0:14:45.560 --> 0:14:49.119 after that nineteen ninety nine quake, there are still people stranded, 0:14:49.720 --> 0:14:54.440 potentially trapped, but it does seem like in terms of 0:14:54.480 --> 0:14:56.720 the human costs that it's topped out. 0:14:56.760 --> 0:14:57.200 So far. 0:14:57.640 --> 0:15:00.320 The economy seems to be getting back on track. You 0:15:00.360 --> 0:15:05.040 heard from TSMC, one of the world's most important semiconductor 0:15:05.200 --> 0:15:09.160 chip producers, that they are getting their operations back online. 0:15:09.760 --> 0:15:12.880 We do expect to hear at some point an impact 0:15:13.000 --> 0:15:16.400 on terms of their deliveries and sales, but that will 0:15:16.440 --> 0:15:18.800 be pretty limited given how quickly they are able to 0:15:18.840 --> 0:15:20.880 get these factories going again. 0:15:21.200 --> 0:15:22.360 Okay, Bill, thanks for this. 0:15:22.480 --> 0:15:25.480 As always, Bill Ferries, their senior editor for Bloomberg News, 0:15:25.760 --> 0:15:30.640 joining us this morning from Singapore. 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