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Speaker 1: Good morning.

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Speaker 2: I'm Brian Curtis and I'm Doug Prisner. Here are the

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Speaker 2: stories we're following today.

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Speaker 1: All right, now it's time for global needs. US is

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Speaker 1: expressing concern on multiple fronts today about potential spread of

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Speaker 1: the war in the Middle East, and Baxter is covering

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Speaker 1: that as part of the Middle East story and has

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Speaker 1: all of this reporting from San Francisco.

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Speaker 3: Ed all right, thank you, Brian. Right, US ratcheting up

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Speaker 3: efforts to keep the Middle East war from spreading. Secretary

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Speaker 3: of State Anthony Blincoln will extend his trip further and

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Speaker 3: go back to Israel.

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Speaker 4: I've heard from virtually every partner. Was a determination I've

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Speaker 4: shared view that we have to do everything possible to

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Speaker 4: make sure this doesn't spread other places.

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Speaker 3: That says Gaza civilians should not suffer.

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Speaker 4: As I said in Tel Aviv, as President Biden has said,

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Speaker 4: the way that Israel does this matters, needs to do

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Speaker 4: it in a way that affirms the shared values that

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Speaker 4: we have for human life and human dignity.

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Speaker 3: And meanwhile, the US is confirming at least thirty US

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Speaker 3: citizens are confirmed dead in the violence. About a million

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Speaker 3: people have been told to evacuate northern Gaza. Meanwhile, ahead

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Speaker 3: of an expected Israeli assault on Hamas and AS Ready

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Speaker 3: Defense Forces spokesman Lieutenant Colonel Peter Lerner says Hamas is

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Speaker 3: trying to prevent the safe evacuation of people.

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Speaker 5: They establish checkpoints to try and prevent people. They disseminated

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Speaker 5: messaging telling people to ignore that. Ignore that, and it

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Speaker 5: just goes to show how Hamas is actually trying to

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Speaker 5: put the people of Gaza at more risk.

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Speaker 3: And White House National Security Advisor Jake Sullivan on ABC

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Speaker 3: has heard on Bloomberg says US is trying to get

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Speaker 3: aid into Gaza.

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Speaker 6: We are in touch with our Israeli counterparts. We're in

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Speaker 6: touch with the United Nations to help secure the necessary

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Speaker 6: supplies of food, water, and medicine to the citizens of Gaza,

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Speaker 6: those Palestinians who have nothing to do with the barbaric

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Speaker 6: terrorists who carried out this attack.

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Speaker 3: Meanwhile, Hezbollah has attacked Israeli army positions near the border

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Speaker 3: with Lebanon Ran backed Hezbola has fired guided missiles again

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Speaker 3: at the post and also destroyed a tank with live ammunition. Meanwhile,

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Speaker 3: a bipartisan group of US lawmakers is in Israel, and

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Speaker 3: Senate Majority Leader Chuck Schumer says an aid package is

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Speaker 3: on the way.

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Speaker 7: We're not waiting for the House, plain and simple, that

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Speaker 7: would be foolish. But we believe if we put together

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Speaker 7: a strong package and pass it with an overwhelming, strong

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Speaker 7: bipartisan majority, it will put pressure on the House one.

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Speaker 5: Way or another.

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Speaker 3: Yes, so nothing. They're not waiting for the House, is

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Speaker 3: his bottom line. Meanwhile, the House will attempt to elect

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Speaker 3: a speaker on Tuesday. Members notified today the vote will

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Speaker 3: occur the Republican caucuses and nominated Jim Jordan for the job.

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Speaker 3: Whether or not he has a sport to get it

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Speaker 3: done is still a question. Meanwhile, House Minority Leader Hakim

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Speaker 3: Jeffrey says he's an informal talks with Republican colleagues about

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Speaker 3: a potential solution to finding a speaker. Jeffreys on NBC

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Speaker 3: has heard here on Bloomberg's as Democrats are ready willing

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Speaker 3: and able to find a solution.

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Speaker 5: There are informal conversations that have been underway. When we

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Speaker 5: get back to Washington tomorrow, it's important to begin to

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Speaker 5: formalize those discussions.

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Speaker 3: So then it'll wait for House Republicans and for Chuck

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Speaker 3: Schumer to get back Philippines have asked China to stop

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Speaker 3: dangerous maneuvers and aggressive actions in the South China Sea.

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Speaker 3: It is warning a potential collation of the disputed waters.

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Speaker 3: Philippine military says they had to send warnings to Chinese

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Speaker 3: ships to avoid danger. Global newspower by more than twenty

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Speaker 3: seven hundred journalists and analysts in over one hundred twenty

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Speaker 3: countries in San Francisco, I'med Baxter and this is Bloomberg.

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Speaker 1: Thanks very much. This is Bloomberg Daybreak Asia. I'm Brian

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Speaker 1: Curtis along with Doug Krisner. Our colleague Paul Allen will

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Speaker 1: join us a little later.

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Speaker 8: Well.

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Speaker 1: Israel is hoping to avoid a debt rating cut as

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Speaker 1: investors eye the impact of this war with Hamas we

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Speaker 1: get the story from Bloomberg's Denise Pilargreni.

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Speaker 9: A top Israeli official in charge of the country's debt

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Speaker 9: says Israel might be able to avoid its first ever

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Speaker 9: rating down great thanks to sound finances. The senior official

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Speaker 9: at the Finance Ministry does say, however, that all bets

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Speaker 9: would be off if the country's war drags out for

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Speaker 9: a long time. The official also calls a credit downgrade

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Speaker 9: an extreme scenario and says it would be more likely

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Speaker 9: Israel would be put on credit watch. The cost to

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Speaker 9: ensure Israeli bonds against potential default did soar last week

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Speaker 9: to the highest point in a decade, but Moody's Investor

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Speaker 9: Service Friday postponed a plan review of Israel's rating and

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Speaker 9: said it would continue to evaluate instead. Denise Pelgridy Bloomberg Radio.

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Speaker 2: The head of the World Trade Organization, is warning that

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Speaker 2: war between Israel and Hamas will have a big impact

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Speaker 2: on global trade if the conflict were to spread. More

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Speaker 2: from Bloomberg Steve Rappaport.

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Speaker 10: WTO Director General and Gozi al konjo Awella says the

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Speaker 10: war will only further weeken global trade, already crippled by

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Speaker 10: high interest rates, China's stressed real estate market, and Russia's

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Speaker 10: war with Ukraine. Doctor okonjo Owella says she hopes the

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Speaker 10: conflict ends soon and it's contained, adding everybody's on eggshells

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Speaker 10: and hoping for the best. The WTO last week cut

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Speaker 10: its growth forecast for global goods trade this year. Steve

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Speaker 10: Rappaport Bloomberg Radio.

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Speaker 1: US Secretary of State Anthony Blincoln has urged China to

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Speaker 1: use its influence in the Israel Hamas conflict. Bloomberg's Joan

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Speaker 1: Wong has the story from Hong Kong.

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Speaker 11: The US State Department says Blincoln had a long conversation

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Speaker 11: with Foreign Minister Wanghi before departing from Riat. The Jew

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Speaker 11: spoke for about an hour. It was their first call

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Speaker 11: since the Hamas attacks on Israel a week ago. B

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Speaker 11: Lincoln urged Beijing to help prevent other state or non

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Speaker 11: state actors from attacking Israel and widening the war. The

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Speaker 11: US has been particularly concerned about Hesbala, the Irun back

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Speaker 11: to militia group in Lebanon. The administration is worried about

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Speaker 11: an additional front being opened on Israel's northern border. In

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Speaker 11: Hong Kong, join Wang Bloomberg Radio.

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Speaker 2: We go to China next to where the Central Bank

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Speaker 2: is saying now that the domestic economy and the property

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Speaker 2: market are showing signs of improvement. We have more from

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Speaker 2: Bloomberg's boniau In.

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Speaker 12: Central Bank chief Pangong Shuang said indicators including industrial production

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Speaker 12: and services showed positive trends in the economy. He spoke

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Speaker 12: at the IMF meetings in Morocco. Pen also said China's

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Speaker 12: local government debt risk is structural and generally manageable.

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Speaker 5: He said.

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Speaker 12: China with step up efforts to attract foreign investment and

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Speaker 12: stabilized trade, but he was not specific about the details.

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Speaker 12: Penn said China would seek more sustainable growth while maintaining

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Speaker 12: what he called a reasonable pace of expansion in Hong Kong.

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Speaker 12: I'm Bonnie ol Bloomberg Radio.

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Speaker 1: Back in the United States. Wall Street will have plenty

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Speaker 1: to contend with this week, not only the geopolitics you've

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Speaker 1: been talking about, but also a flood of earnings reports coming.

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Speaker 1: We get more from Bloomberg's Charlie Pellett.

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Speaker 8: Among the financials this week Goldman Sachs, Morgan Stanley, Bank

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Speaker 8: of America, Blackstone, Bank of New York, Mellon, American Express,

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Speaker 8: and Charles Schwab. We'll also hear from a broad range

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Speaker 8: of S and P companies. Sarah Malik is chief investment

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Speaker 8: officer at Neuvene.

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Speaker 13: Coming into earning seasons, we've seen cutstick and census. I

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Speaker 13: think there's upside companies can eat and raise. Also, margins

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Speaker 13: are expected to be down, and we're coming off three

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Speaker 13: quarters of our earnings are session of negative negative earnings growth.

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Speaker 8: Also this week at and T, Johnson and Johnson, Lockheed Martin, Netflix,

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Speaker 8: and Tesla, among many others. In New York, Charlie Bloomberg Radio,

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Speaker 8: all Right, the time here.

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Speaker 1: Is about ten minutes past the hour, and we are

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Speaker 1: looking at some of the top stories here with our

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Speaker 1: guest Benjamin Antony, co founder and CEO of the Murriam Institute,

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Speaker 1: to talk a little bit more about the Israel Hamas war.

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Speaker 1: Paul Allen from Sydney joins this for the conversation as well. Benjamin,

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Speaker 1: thanks very much. I guess pressing here at the moment

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Speaker 1: is these more than half a million gozens that have

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Speaker 1: moved to the south of Goze, and yet at the

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Speaker 1: same time we don't know yet whether or not the

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Speaker 1: border with Egypt will be opened for supplies, so that

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Speaker 1: could develop into a humanitarian crisis. So how urgent is

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Speaker 1: that and can you flesh out some of the some

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Speaker 1: of the behind the scenes actions on that.

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Speaker 5: Yes, absolutely, and thank you for having me. The situation

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Speaker 5: with the Gazans who are moving southward is the result

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Speaker 5: of the IDF's efforts to reduce to its lowest number

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Speaker 5: the civilian casualties that will be caught in the crossfire

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Speaker 5: in the event of a ground incursion. Now it's important

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Speaker 5: to emphasize the ground incursion has not yet taken place.

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Speaker 5: We are beyond a week since the attack last Saturday

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Speaker 5: upon the civilians of the States of Israel that resulted

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Speaker 5: in thirteen hundred members of our society here being massacred

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Speaker 5: in the most horrendous and horrific manner, and more than

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Speaker 5: one hundred and fifty being taken as hostages. Still being held,

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Speaker 5: including our elderly, are infirm, our women, our children, even

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Speaker 5: and born children. It's reported to be the case. And

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Speaker 5: as a consequence of that, the IDF seeks to now

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Speaker 5: clear out northern Gaza of Hamas fighters with a view

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Speaker 5: stated view to toppling the Haramas military regime. With that

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Speaker 5: in mind, they have called repeatedly and at length for

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Speaker 5: Ghazans to move by where the humanitarian corridor signed by

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Speaker 5: the Israel Defense Forces down to the south toward the

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Speaker 5: Rafia crossing, and they have also called upon the Egyptians

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Speaker 5: to open the border if the need arises. Now, with

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Speaker 5: that having been said, there is a movement of people

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Speaker 5: down toward the south. That is a positive development. Israel

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Speaker 5: has turned on the water supply and gas supply in

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Speaker 5: southern Gaza as a result of the influx of those

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Speaker 5: individuals and of those people. But it's very possible that

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Speaker 5: Hamas is cynically holding others and it seems to be

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Speaker 5: the case in northern Gaza with a view to causing

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Speaker 5: deliberately civilian casualties in the event of what seems to

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Speaker 5: be an inevitable ground incursion. But there are still many

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Speaker 5: questions to be asked about that.

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Speaker 14: We have been hearing some pretty hot greater it come

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Speaker 14: from Israeli Prime Minister Benia Bendit in terms of wiping Hamas.

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Speaker 8: Off the maps.

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Speaker 14: So what does Gaza look like at the end of

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Speaker 14: this conflict? And there is there a risk for Israel

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Speaker 14: here in terms of the scale of its retaliation.

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Speaker 5: I think that there's always a risk. War is one

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Speaker 5: of those things that one only gets a retaliation upon contact,

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Speaker 5: right and everybody has a very clear strategy until there

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Speaker 5: is engagement with the enemy. The reality of the matter

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Speaker 5: is that for years right who, despite the FIY rhetoric,

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Speaker 5: has decided upon a cautious approach towards toppling fighting countering

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Speaker 5: Hamas operatives inside the Gaza strip. I don't refer to

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Speaker 5: the toppling of the Ramas movement because obviously that was

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Speaker 5: not achieved, but the targeted killings of leaders of Kamas,

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Speaker 5: that's something that net has been very measured with in

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Speaker 5: the past. Now, what's interesting about this is he's formed

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Speaker 5: a war cabinet which includes members of the opposition, including

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Speaker 5: former Defense Minister in chief of Staff Benny Gantz, and

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Speaker 5: another former Chief of Staff of the Israel Defense Force

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Speaker 5: is Gaddy Eisenkott. Now, fascinatingly, all three of these individuals

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Speaker 5: have worked before with regard to the Gaza Front, and

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Speaker 5: on all occasions they have adopted a cautious, measured approach.

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Speaker 5: So to move from that approach to an approach that

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Speaker 5: would match the rhetoric you mentioned of Prime Minister Netanyahu,

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Speaker 5: which alludes to the toppling of Karmas, that's going to

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Speaker 5: take a dramatic shift in mindset and strategy. We'll wait

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Speaker 5: and see whether that occurs. One interesting aspect at play

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Speaker 5: there is a new individual, the Defence Minister Joa Gallant,

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Speaker 5: a true combat fighter of the Israel Defense Forces, formerly

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Speaker 5: the head of our Naval Commando unit in Israeli Navy,

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Speaker 5: and he may be able to pound his fist with

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Speaker 5: sufficient vigor to move towards a decisive outcome against Kramas.

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Speaker 1: Benjamin Israel has said repeatedly it doesn't want occupy guys,

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Speaker 1: and I think many people would believe that. But even

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Speaker 1: if victory is declared over Hamas, how can Israel be

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Speaker 1: sure that another group just doesn't pop up. In fact,

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Speaker 1: even in the West Bank, Fatah and a lot of

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Speaker 1: supporters there have been saying that they would back Hamas,

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Speaker 1: So it seems like just getting rid of Hamas, even

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Speaker 1: if that happens, that's not enough.

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Speaker 5: I think you're absolutely right. Israel in the past has

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Speaker 5: been saying that it does not want to retake the

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Speaker 5: Gaza Strip, it does not want to remain inside the

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Speaker 5: Gaza Strip. But of course that was prior to the

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Speaker 5: events that took place on Saturday morning, October the seventh.

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Speaker 5: Those events have shaken is Ready to society to its core.

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Speaker 5: It has brought about very real questions that I surely

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Speaker 5: will be asked of our entire defense establishment and our

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Speaker 5: leadership going all the way up to Prime Minister Netta Yahu.

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Speaker 5: Now's not the time to delve into those recruitments. Nations

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Speaker 5: that surely await, but the mindset has shifted. The mindset

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Speaker 5: is that this is a presence there ramas in the

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Speaker 5: Gaza Strip that cannot be permitted to re arm. Now

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Speaker 5: how that might turn out, Well, it could be anything

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Speaker 5: from a full military reoccupation of the Gaza Strip. That's

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Speaker 5: something that certainly is being talked about, but it's not

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Speaker 5: something that's met with a very enthusiastic appetite for reasons

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Speaker 5: that you well understand. And we could see some sort

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Speaker 5: of arrangement whereby the Israelis move in, the IDF moves in,

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Speaker 5: disarms tramas and then holds strategic areas to prevent the

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Speaker 5: rearming of camas, such as the Rafah crossing, the Rafa

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Speaker 5: crossing down there alongside. That's possible.

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Speaker 14: Just to quickly, Benjamin, we have a unity government, a

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Speaker 14: unity war cabinet in Israel at the moment. How long

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Speaker 14: can that survive?

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Speaker 5: Well, that's a very interesting question. I don't think that

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Speaker 5: that will survive for very long at all. If I

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Speaker 5: can be frank about it, I think that you're going

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Speaker 5: to see Prime Minister Netan Yahoo and the Chief of

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Speaker 5: Staff and the upper echelons of the entire security establishment,

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Speaker 5: perhaps fight and fight with regard to combating Hamas as

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Speaker 5: though this is indeed their last fight atop the leadership

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Speaker 5: of Israel, because quite frankly, I believe it is. When

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Speaker 5: you ask me how long the unity government will last,

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Speaker 5: I would imagine until the recrimination, the inevitable recrimination starts

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Speaker 5: here in Israel and people start moving to have neta

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Speaker 5: Yahoo move aside.

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