WEBVTT - LSE Plot Arrests, 100 Days Of War & Taiwan Election Impact

0:00:02.440 --> 0:00:04.880
<v Speaker 1>Good morning. It's Monday, the fifteenth of January here in London.

0:00:04.920 --> 0:00:08.720
<v Speaker 1>This is the Blueberg daybak At podcast. I'm Caroline Hepkitt.

0:00:08.520 --> 0:00:11.640
<v Speaker 2>And I'm Stephen Carroll. Coming up today, UK police arrests

0:00:11.840 --> 0:00:15.080
<v Speaker 2>six people over a plot against the London Stock Exchange.

0:00:15.200 --> 0:00:18.560
<v Speaker 1>After one hundred days of war, Israel shows no signs

0:00:18.600 --> 0:00:21.320
<v Speaker 1>of backing down in its battle with her mass as

0:00:21.320 --> 0:00:23.520
<v Speaker 1>the risks of a wider conflict grow.

0:00:23.840 --> 0:00:28.720
<v Speaker 2>Plus looking westwards, Taiwanese voters defy warnings from China and

0:00:28.760 --> 0:00:30.920
<v Speaker 2>elect a US friendly president.

0:00:31.160 --> 0:00:33.279
<v Speaker 1>Let's start with a roundup of our top stories.

0:00:34.280 --> 0:00:36.879
<v Speaker 2>Six people have been arrested over and alleged plot to

0:00:36.920 --> 0:00:40.480
<v Speaker 2>disrupt trading at the London Stock Exchange today. Police say

0:00:40.520 --> 0:00:43.280
<v Speaker 2>the pro Palestine activists were planning to cause damage to

0:00:43.320 --> 0:00:46.800
<v Speaker 2>the LSE and prevent the building from opening. Brooks Chris

0:00:46.840 --> 0:00:47.800
<v Speaker 2>bitt Ha's the story.

0:00:48.520 --> 0:00:52.240
<v Speaker 3>The activists from the Palestine Action Group allegedly planned to

0:00:52.320 --> 0:00:55.760
<v Speaker 3>lock themselves onto the exchange's entrance with the hope of

0:00:55.840 --> 0:01:00.440
<v Speaker 3>preventing trading. Today, Monday, the fifteenth of January, man one

0:01:00.480 --> 0:01:03.320
<v Speaker 3>hundred days since the start of the war in Gaza.

0:01:04.000 --> 0:01:07.480
<v Speaker 3>In a statement, the Metropolitan Police said it's also taking

0:01:07.560 --> 0:01:11.600
<v Speaker 3>further precautions against the suggestion that the plot against the

0:01:11.760 --> 0:01:15.400
<v Speaker 3>LSSE was one part of a planned week of action.

0:01:16.160 --> 0:01:19.680
<v Speaker 3>The arrests came as the UK continues to see widespread

0:01:19.720 --> 0:01:23.679
<v Speaker 3>protests against the war in Gaza since it began in October,

0:01:24.040 --> 0:01:27.440
<v Speaker 3>with another rally held this weekend in London calling for

0:01:27.480 --> 0:01:31.320
<v Speaker 3>an immediate cease fire in London Chris Pitt Bloomberg Radio.

0:01:32.160 --> 0:01:35.360
<v Speaker 1>The protests in London come as Big Minister Ishi Sunac

0:01:35.400 --> 0:01:39.080
<v Speaker 1>faces Parliament for the first time since ordering air strikes

0:01:39.120 --> 0:01:42.440
<v Speaker 1>on who these in Yemen. The British government says that

0:01:42.560 --> 0:01:46.160
<v Speaker 1>it is prepared to take further action alongside the US

0:01:46.240 --> 0:01:50.120
<v Speaker 1>if necessary. Here's the Foreign Secretary, David Cameron, and.

0:01:50.120 --> 0:01:52.360
<v Speaker 4>It's hard to think of a time when there's been

0:01:52.360 --> 0:01:56.120
<v Speaker 4>so much danger and insecurity and instability in the world.

0:01:56.200 --> 0:01:59.280
<v Speaker 4>The lights are absolutely flashing red, as it were on

0:01:59.320 --> 0:02:02.360
<v Speaker 4>the global dashboard. And what we need at that time

0:02:02.560 --> 0:02:05.080
<v Speaker 4>is strong leadership and a clear plan. That's what we

0:02:05.160 --> 0:02:08.320
<v Speaker 4>have with the Prime Minister and the team. If you

0:02:08.440 --> 0:02:11.760
<v Speaker 4>don't act against the Huthi's in the Red Sea, you're

0:02:11.800 --> 0:02:13.280
<v Speaker 4>going to see more attacks.

0:02:14.480 --> 0:02:18.000
<v Speaker 1>Cameron also noted broad support in Parliament for the move,

0:02:18.120 --> 0:02:21.480
<v Speaker 1>with the labor leader Kiss Dama backing it. Huthy rebels

0:02:21.520 --> 0:02:24.960
<v Speaker 1>have vowed to target US and UK commercial vessels since

0:02:25.000 --> 0:02:27.799
<v Speaker 1>the Allies launched air strikes against the group.

0:02:29.000 --> 0:02:32.919
<v Speaker 2>Taiwanese voters have elected the country's current Vice president, Lei

0:02:33.000 --> 0:02:36.000
<v Speaker 2>Ching Tay as their new leader. The result puts a

0:02:36.000 --> 0:02:39.520
<v Speaker 2>man in power who had been branded quote an instigator

0:02:39.639 --> 0:02:43.799
<v Speaker 2>of war by Beijing. In his acceptance speech, lie vowed

0:02:43.880 --> 0:02:48.239
<v Speaker 2>that Taiwan would walk side by side with democracies around

0:02:48.240 --> 0:02:50.440
<v Speaker 2>the globe.

0:02:50.560 --> 0:02:53.280
<v Speaker 5>I want to thank the Taiwanese people for writing a

0:02:53.360 --> 0:02:56.960
<v Speaker 5>new chapter in our democracy. We have shown the world

0:02:57.240 --> 0:03:02.760
<v Speaker 5>how much we cherish our democracy. Uses are on wavery commitment.

0:03:03.200 --> 0:03:06.120
<v Speaker 2>The words of Taiwan's new leader, spoken there by a translator.

0:03:06.360 --> 0:03:10.360
<v Speaker 2>Lies victory over opposition parties willing to restart dialogue with

0:03:10.480 --> 0:03:13.480
<v Speaker 2>China is a blow for Beijing's ambitions to have greater

0:03:13.639 --> 0:03:17.320
<v Speaker 2>influence over the island it considers a breakaway province.

0:03:18.400 --> 0:03:21.120
<v Speaker 1>The US state of Iowa kicks off the race for

0:03:21.200 --> 0:03:25.680
<v Speaker 1>the twenty twenty four Republican presidential nomination today. Caucuses are

0:03:25.680 --> 0:03:28.520
<v Speaker 1>set to take place this evening, but there are fears

0:03:28.600 --> 0:03:33.200
<v Speaker 1>that sub zero temperatures of below minus thirty could damp

0:03:33.240 --> 0:03:36.800
<v Speaker 1>and turn out. Polling shows that the former president Donald

0:03:36.840 --> 0:03:40.240
<v Speaker 1>Trump has more than a thirty percentage point lead of

0:03:40.400 --> 0:03:45.160
<v Speaker 1>rivals Ron DeSantis and Nikki Hayley, but Haley says it

0:03:45.240 --> 0:03:46.760
<v Speaker 1>is all still to play for.

0:03:48.240 --> 0:03:50.520
<v Speaker 6>Make sure that you go and make a difference. Iowa

0:03:50.680 --> 0:03:53.560
<v Speaker 6>sets the tongue or where the country goes when it

0:03:53.600 --> 0:03:57.160
<v Speaker 6>comes to these elections. There are no foregone conclusions.

0:03:57.960 --> 0:03:58.200
<v Speaker 7>Well.

0:03:58.240 --> 0:04:01.800
<v Speaker 1>Hailey and DeSantis are widely to be battling for second place.

0:04:01.840 --> 0:04:05.560
<v Speaker 1>Trump has also tempered expectations in recent days would turn

0:04:05.600 --> 0:04:08.320
<v Speaker 1>out likely to be suppressed by the bad weather.

0:04:09.800 --> 0:04:12.280
<v Speaker 2>US rolemakers may have found a way to avoid parts

0:04:12.280 --> 0:04:15.360
<v Speaker 2>of the US government being closed from this weekend. Their

0:04:15.360 --> 0:04:18.640
<v Speaker 2>solution could risk Republican backlash against the House Speaker, though

0:04:18.640 --> 0:04:20.520
<v Speaker 2>Bloomberg's Doan Schwartzman has more.

0:04:21.480 --> 0:04:24.599
<v Speaker 8>Congress has unveiled the stopgap spending built a verta partial

0:04:24.600 --> 0:04:28.080
<v Speaker 8>government shutdown that would take place on January twentieth. The

0:04:28.160 --> 0:04:30.760
<v Speaker 8>temporary spending bill would fund the agencies that face the

0:04:30.839 --> 0:04:33.960
<v Speaker 8>January twentieth deadline until March first, while the bill would

0:04:33.960 --> 0:04:36.320
<v Speaker 8>fund the agencies that would shut down on February second.

0:04:36.520 --> 0:04:39.599
<v Speaker 8>Until March eighth. The Senate will next begin procedural votes

0:04:39.600 --> 0:04:42.800
<v Speaker 8>on the stopgap bill on Tuesday. Senate Majority Leader Chuck

0:04:42.839 --> 0:04:46.120
<v Speaker 8>Schumer says it will take bipartisan supporting both branches of

0:04:46.200 --> 0:04:49.719
<v Speaker 8>Congress to pass the bill. House Majority Leader Mike Johnson

0:04:49.720 --> 0:04:52.520
<v Speaker 8>defended the deal, saying it eliminates many of the budget

0:04:52.600 --> 0:04:55.400
<v Speaker 8>quote gimmicks. Dan Schwartzman, Bloomberg Radio.

0:04:56.480 --> 0:04:59.320
<v Speaker 1>The UK housing market has started the years strong with

0:04:59.400 --> 0:05:01.920
<v Speaker 1>a jump in on skiing prices. According to right Move,

0:05:02.000 --> 0:05:05.000
<v Speaker 1>sellers asked for one point three percent more on average

0:05:05.000 --> 0:05:07.560
<v Speaker 1>for their homes in January. That is the biggest monthly

0:05:07.680 --> 0:05:11.800
<v Speaker 1>rise since May twenty twenty three. The online property portal

0:05:11.880 --> 0:05:14.200
<v Speaker 1>said that this month marked the best start to a

0:05:14.320 --> 0:05:17.360
<v Speaker 1>year since twenty twenty for the housing market, which has

0:05:17.400 --> 0:05:21.279
<v Speaker 1>so far defied predictions for a drop in prices of

0:05:21.400 --> 0:05:24.599
<v Speaker 1>ten percent or more. Tim Banister, who is Director of

0:05:24.600 --> 0:05:27.039
<v Speaker 1>Property Science at right Move, said that a surge in

0:05:27.120 --> 0:05:31.280
<v Speaker 1>buyers looking to pin down mortgages in an unsteady market

0:05:31.640 --> 0:05:35.480
<v Speaker 1>might be causing the momentum. Now let's turn our attention

0:05:35.960 --> 0:05:38.160
<v Speaker 1>to what's been happening in London and get you more

0:05:38.160 --> 0:05:41.200
<v Speaker 1>details on those arrests over a plot to disrupt the

0:05:41.240 --> 0:05:45.200
<v Speaker 1>London Stock Exchange. Bloomberg's James Waalcock is here with more.

0:05:45.400 --> 0:05:47.880
<v Speaker 1>What do we know then about the plot to target

0:05:47.920 --> 0:05:48.400
<v Speaker 1>the LSE?

0:05:48.920 --> 0:05:51.320
<v Speaker 9>So broadly, Caroline, we've got three stories here, which is

0:05:51.400 --> 0:05:54.520
<v Speaker 9>the police say they've arrested six on conspiracy to cause

0:05:54.520 --> 0:05:57.360
<v Speaker 9>criminal damage and that is a suspicion of they having

0:05:57.680 --> 0:06:00.839
<v Speaker 9>issued criminal charges in that case yet. And they're basically

0:06:00.880 --> 0:06:02.880
<v Speaker 9>saying that these sort of lock on tactics were planned.

0:06:02.880 --> 0:06:05.560
<v Speaker 9>They're similar to sort of just stop oil where protesters

0:06:05.600 --> 0:06:09.280
<v Speaker 9>glue themselves or attach themselves in some way, and these

0:06:09.320 --> 0:06:11.960
<v Speaker 9>were supposed to be coming today. These protesters were plying

0:06:12.000 --> 0:06:15.000
<v Speaker 9>to try and get in before trading started, lock themselves

0:06:15.000 --> 0:06:17.840
<v Speaker 9>into the lyse and prevent trading from happening. So then

0:06:17.880 --> 0:06:20.279
<v Speaker 9>we also know from Daily Express report to Max Parry,

0:06:20.320 --> 0:06:23.440
<v Speaker 9>he's been an undercover journalist inside this group Palisin Action,

0:06:23.839 --> 0:06:26.360
<v Speaker 9>and he gave the information to the police that they

0:06:26.440 --> 0:06:28.880
<v Speaker 9>acted on. And so he has some quotes that he

0:06:28.920 --> 0:06:31.760
<v Speaker 9>says are from meetings internally where I'm going to read

0:06:31.800 --> 0:06:34.039
<v Speaker 9>you one saying people can trade on their phones nowadays,

0:06:34.040 --> 0:06:35.640
<v Speaker 9>but there's going to be a lot of computers in

0:06:35.680 --> 0:06:38.120
<v Speaker 9>there that people aren't going to have access to They've

0:06:38.120 --> 0:06:40.159
<v Speaker 9>got one hundreds of millions of pounds worth of shares,

0:06:40.240 --> 0:06:43.400
<v Speaker 9>so that's the thinking of the group. Now it's worth

0:06:43.440 --> 0:06:46.320
<v Speaker 9>pointing out no physical trading takes place at the LSE,

0:06:46.800 --> 0:06:48.880
<v Speaker 9>so it is unlikely that trading would have been affected.

0:06:48.920 --> 0:06:50.760
<v Speaker 9>The LC haven't commented to us for the sake of

0:06:50.800 --> 0:06:53.960
<v Speaker 9>the story, but this week of action was broad designed

0:06:53.960 --> 0:06:57.400
<v Speaker 9>to try and cause chaos for any British company that

0:06:57.560 --> 0:07:00.800
<v Speaker 9>is seen to be enabling Israel or the IDF in

0:07:00.839 --> 0:07:02.960
<v Speaker 9>some way. And the third story we have is from

0:07:02.960 --> 0:07:05.359
<v Speaker 9>the Past Action Group themselves, who on x have issued

0:07:05.360 --> 0:07:09.080
<v Speaker 9>a statement saying that an undercoon journalists did infiltrate them,

0:07:09.240 --> 0:07:10.920
<v Speaker 9>but their action will remain undeterred.

0:07:11.120 --> 0:07:13.000
<v Speaker 2>Okay, James, this is all happening on a day when

0:07:13.000 --> 0:07:16.120
<v Speaker 2>we're expecting the Prime Minister Risu Sunak to update Parliament

0:07:16.160 --> 0:07:19.760
<v Speaker 2>on the UK's participation in air strikes against Houthi militants

0:07:19.760 --> 0:07:21.560
<v Speaker 2>in Yemen. What are we expecting to hear from the

0:07:21.560 --> 0:07:22.080
<v Speaker 2>Prime Minister.

0:07:22.640 --> 0:07:24.400
<v Speaker 9>Well, this will be the first time he's talked to

0:07:24.440 --> 0:07:27.760
<v Speaker 9>Parliament since ordering the strike, Stephen, and we aren't expecting

0:07:27.760 --> 0:07:30.240
<v Speaker 9>too much in the way political fireworks because the labor

0:07:30.320 --> 0:07:33.200
<v Speaker 9>eater Keir Starmer has backed the strikes, which means most

0:07:33.280 --> 0:07:36.560
<v Speaker 9>parliamentarians by necessity it will be in support. It will

0:07:36.600 --> 0:07:38.640
<v Speaker 9>be interesting to see where some of the differences lie.

0:07:39.200 --> 0:07:41.200
<v Speaker 9>But the other side is in today in Lancaster House,

0:07:41.200 --> 0:07:43.480
<v Speaker 9>Grant Shaps, one of the ministers in the government, is

0:07:43.480 --> 0:07:45.640
<v Speaker 9>going to announce that twenty thousand personnel from the British

0:07:45.680 --> 0:07:48.960
<v Speaker 9>Enforces will be sent to multiple European countries as part

0:07:49.000 --> 0:07:51.400
<v Speaker 9>of the largest NATO deployment since the end of the

0:07:51.400 --> 0:07:53.680
<v Speaker 9>Cold War. So what will be interesting as well is

0:07:53.720 --> 0:07:56.520
<v Speaker 9>to kind of see this global picture from the Prime

0:07:56.520 --> 0:07:58.640
<v Speaker 9>Minister as you mean you heard from David Cameron and

0:07:58.640 --> 0:08:02.360
<v Speaker 9>the Burton just there talking about this global age of insecurity.

0:08:02.840 --> 0:08:05.640
<v Speaker 9>All this ahead of the week. We'll see on Tuesday

0:08:05.640 --> 0:08:07.960
<v Speaker 9>they're awander Bilt with immigration. That's where you'll see the

0:08:07.960 --> 0:08:11.880
<v Speaker 9>real political fireworks as this global insecurity comes back domestically

0:08:11.920 --> 0:08:12.880
<v Speaker 9>in the ways of immigration.

0:08:13.160 --> 0:08:15.920
<v Speaker 1>Yeah. Absolutely, James, thank you so much for being with us.

0:08:15.920 --> 0:08:18.840
<v Speaker 1>That is Bloomberg's James Wilcock. They're bringing us. Then, the

0:08:18.920 --> 0:08:22.640
<v Speaker 1>latest details over those arrests on Sunday about a plot

0:08:22.640 --> 0:08:26.800
<v Speaker 1>to disrupt the London Stock Exchange in terms of well,

0:08:26.920 --> 0:08:30.160
<v Speaker 1>we are now one hundred days into the Israel Hamas war.

0:08:30.600 --> 0:08:33.680
<v Speaker 2>Yeah, let's get the latest from the Middle East. Now,

0:08:33.840 --> 0:08:37.080
<v Speaker 2>the US has shut down a cruise missile fired at

0:08:37.120 --> 0:08:39.800
<v Speaker 2>one of its ships from a hoothy militant area of

0:08:39.960 --> 0:08:42.120
<v Speaker 2>VM and we have our Middle East Economy and Government

0:08:42.240 --> 0:08:45.360
<v Speaker 2>editor Paul Wallace with us for more. Paul, what, first

0:08:45.360 --> 0:08:47.720
<v Speaker 2>of all can you tell us about these latest exchanges

0:08:47.760 --> 0:08:49.599
<v Speaker 2>of fire and the Red Sea?

0:08:49.920 --> 0:08:54.839
<v Speaker 7>Hi, Stephen, So this one was successfully intercepted, as as

0:08:54.960 --> 0:08:57.680
<v Speaker 7>most missiles shot by the Hooties have been by either

0:08:57.679 --> 0:09:00.920
<v Speaker 7>the US or it's allies since the up taking attacks

0:09:01.200 --> 0:09:05.120
<v Speaker 7>since mid November. But I think what yesterday's incident shows

0:09:05.160 --> 0:09:09.959
<v Speaker 7>is that the Hoofy still retain the capability and willingness

0:09:10.040 --> 0:09:15.120
<v Speaker 7>to attack vessels in the Red Sea despite all the

0:09:15.200 --> 0:09:19.679
<v Speaker 7>strikes we saw on Friday morning and then again on Saturday,

0:09:20.120 --> 0:09:23.040
<v Speaker 7>and the Hoofi's promised the retaliation and they said that

0:09:23.080 --> 0:09:28.080
<v Speaker 7>they would keep attacking commercial ships, and I think what

0:09:28.760 --> 0:09:32.840
<v Speaker 7>yesterday's effort shows is that they they're able to walk

0:09:32.840 --> 0:09:35.040
<v Speaker 7>the talk. We do have to see, however, where they

0:09:35.080 --> 0:09:39.720
<v Speaker 7>still are able to attack ships with quite you know,

0:09:39.920 --> 0:09:42.880
<v Speaker 7>quite the same scale as we've seen since the start

0:09:42.920 --> 0:09:43.320
<v Speaker 7>of the year.

0:09:44.360 --> 0:09:47.000
<v Speaker 1>What does all of this meant for shipping pool.

0:09:48.600 --> 0:09:52.800
<v Speaker 7>So the Red Sea is not closed off to ships,

0:09:52.800 --> 0:09:55.840
<v Speaker 7>and there are still plenty of commercial vessels going through it,

0:09:55.960 --> 0:09:59.280
<v Speaker 7>but way less than before. So if you're a Western

0:09:59.320 --> 0:10:02.160
<v Speaker 7>shipping company, if you're talking about an MSc or a

0:10:02.280 --> 0:10:06.120
<v Speaker 7>musk you're pretty much avoiding the Southern Red Sea entirely,

0:10:06.240 --> 0:10:08.880
<v Speaker 7>and that means you're avoiding the Sewerz Canal as well.

0:10:09.200 --> 0:10:12.680
<v Speaker 7>So for ships going between China and Europe, a lot

0:10:12.679 --> 0:10:15.400
<v Speaker 7>of them are now instead of going through the Sewers Canal,

0:10:15.440 --> 0:10:19.280
<v Speaker 7>they're going around the southern tip of Africa, and that's

0:10:19.320 --> 0:10:25.160
<v Speaker 7>adding days, it's not weeks onto journeys, putting up freight costs,

0:10:25.720 --> 0:10:31.239
<v Speaker 7>and so really adding to the costs of shipping containers

0:10:31.280 --> 0:10:36.480
<v Speaker 7>and all sorts of goods between between Asia and Europe.

0:10:37.840 --> 0:10:41.320
<v Speaker 2>Paul, you've also been writing about this milestone we've been

0:10:41.320 --> 0:10:44.840
<v Speaker 2>talking about in the Israel Hamas war one hundred days on. Now,

0:10:45.640 --> 0:10:48.080
<v Speaker 2>can you put in context for us how significant the

0:10:48.240 --> 0:10:52.040
<v Speaker 2>change has been across the region since the Harmas attack

0:10:52.080 --> 0:10:53.320
<v Speaker 2>on the seventh of October.

0:10:54.520 --> 0:10:57.880
<v Speaker 7>It really has been a huge it's to say it's

0:10:57.920 --> 0:11:01.000
<v Speaker 7>been a game changer, not just for for Israel and

0:11:01.440 --> 0:11:03.600
<v Speaker 7>the Palestinian territories, but for the Middle East. It's a

0:11:03.600 --> 0:11:07.120
<v Speaker 7>bit of an understatement. It really was an historic event

0:11:07.200 --> 0:11:11.240
<v Speaker 7>October the seventh, and it became clear very quickly when

0:11:11.360 --> 0:11:15.160
<v Speaker 7>Israel declared war on Hamas. This was October the seventh,

0:11:15.200 --> 0:11:18.600
<v Speaker 7>when twelve hundred people were killed in southern Israel by Hamas.

0:11:18.679 --> 0:11:23.320
<v Speaker 7>Was the biggest single a death toll of Jews since

0:11:23.360 --> 0:11:27.880
<v Speaker 7>the since the Holocaust, and Israel of course went in

0:11:27.960 --> 0:11:30.640
<v Speaker 7>and retaliated in Gaza in a very big way. We're

0:11:30.679 --> 0:11:34.520
<v Speaker 7>now one hundred days into this war. According to officials

0:11:34.520 --> 0:11:38.480
<v Speaker 7>in the in Hamas run Gaza, more than twenty four

0:11:38.559 --> 0:11:42.040
<v Speaker 7>thousand people there have been killed. So and this is

0:11:42.040 --> 0:11:45.800
<v Speaker 7>something that is going to continue for many more months.

0:11:45.840 --> 0:11:49.320
<v Speaker 7>It's not the rest of the year and beyond. The

0:11:49.400 --> 0:11:55.280
<v Speaker 7>israelis under increasing diplomatic pressure from Arab states, from European

0:11:55.280 --> 0:11:57.640
<v Speaker 7>states and even its may not eied the US to

0:11:57.720 --> 0:12:01.600
<v Speaker 7>de escalate in Gaza and to wind down its operations

0:12:01.600 --> 0:12:04.080
<v Speaker 7>in some way and to stop the sort of mass

0:12:04.559 --> 0:12:08.640
<v Speaker 7>bombardment of parts of Gaza. But Israeli officials are saying

0:12:08.640 --> 0:12:11.120
<v Speaker 7>they still have a lot to do they are intent

0:12:11.440 --> 0:12:16.080
<v Speaker 7>on destroying Hamas. That's their goal. It's very difficult to

0:12:16.480 --> 0:12:18.640
<v Speaker 7>a lot of people say that goal is unobtainable. You

0:12:18.720 --> 0:12:22.360
<v Speaker 7>can't just kill off this organization which is so deeply

0:12:22.440 --> 0:12:28.560
<v Speaker 7>rooted into Gazan society. So we're one hundred days in,

0:12:28.720 --> 0:12:32.160
<v Speaker 7>but we're nowhere near the end by the looks of things.

0:12:32.520 --> 0:12:34.880
<v Speaker 2>Okay, Paul, our Middle East Economy and Government aditorer, thank

0:12:34.880 --> 0:12:36.000
<v Speaker 2>you very much for joining us.

0:12:37.040 --> 0:12:41.199
<v Speaker 1>Now to Taiwan next, where the current Vice president Li

0:12:41.440 --> 0:12:45.600
<v Speaker 1>Chinta was elected as president over the weekend Live from

0:12:45.600 --> 0:12:49.360
<v Speaker 1>the ruling Democratic Progressive Party promised to keep peace across

0:12:49.400 --> 0:12:53.000
<v Speaker 1>the Taiwan straight with China, but Beijing has previously branded

0:12:53.040 --> 0:12:56.360
<v Speaker 1>him as an instigator of war. Let's go in our

0:12:56.440 --> 0:13:00.240
<v Speaker 1>live to Taipei and join our Bloomberg Television and if

0:13:00.280 --> 0:13:03.240
<v Speaker 1>on man, good morning, if on, How should we be

0:13:03.320 --> 0:13:06.040
<v Speaker 1>reading them the results of this vote. I mean there

0:13:06.080 --> 0:13:09.480
<v Speaker 1>was sort of jubilation in celebration is lie one, but

0:13:09.679 --> 0:13:13.800
<v Speaker 1>the lowest percentage of turnout in more than twenty years.

0:13:14.200 --> 0:13:16.320
<v Speaker 6>Yeah, well, this is a historic win for the DVP,

0:13:17.440 --> 0:13:21.439
<v Speaker 6>as you say, with liking the winning by a comfortable margin.

0:13:21.840 --> 0:13:25.960
<v Speaker 6>As you say that winning only forty percent of the vote,

0:13:26.400 --> 0:13:30.120
<v Speaker 6>and also the DPP lost its majority in parliament. So

0:13:30.280 --> 0:13:34.040
<v Speaker 6>while voters did defy China's threats about this election being

0:13:34.040 --> 0:13:37.920
<v Speaker 6>a choice between peace and war, they also did voter dissatisfaction,

0:13:38.080 --> 0:13:40.360
<v Speaker 6>particularly when it comes to some of these domestic issues

0:13:40.720 --> 0:13:44.040
<v Speaker 6>like rising house prices, so wage growth and just less

0:13:44.120 --> 0:13:47.160
<v Speaker 6>job opportunities that have drove young voters away. So without

0:13:47.240 --> 0:13:49.880
<v Speaker 6>a clear mandate, the DPP is going to have to

0:13:49.920 --> 0:13:53.960
<v Speaker 6>negotiate with other two parties to pass budgets and legislation,

0:13:54.440 --> 0:13:58.040
<v Speaker 6>which could actually slow the DPP's ability to advantage the agenda.

0:13:58.720 --> 0:14:02.120
<v Speaker 2>If on what does this mean for relations with Beijing?

0:14:02.200 --> 0:14:07.120
<v Speaker 6>Lies victory, Well, as you say, you know, this is

0:14:07.240 --> 0:14:10.360
<v Speaker 6>a man that Beijing despises, right, they'd called him a

0:14:10.400 --> 0:14:14.319
<v Speaker 6>separatist before. What you heard in his victory speech though

0:14:14.320 --> 0:14:18.719
<v Speaker 6>from Leijingzo was still you know, poor head prevailing. He

0:14:18.760 --> 0:14:22.720
<v Speaker 6>said he's still looking to have cooperation with China. That

0:14:22.880 --> 0:14:25.120
<v Speaker 6>was seen as sort of an alive French that was

0:14:25.160 --> 0:14:28.600
<v Speaker 6>given a to Beijing as well. But certainly China, and

0:14:28.760 --> 0:14:31.280
<v Speaker 6>this is known, is not a good news for them

0:14:31.560 --> 0:14:35.440
<v Speaker 6>and potentially quite a bit missed opportunity for Beijing. But

0:14:35.520 --> 0:14:38.840
<v Speaker 6>when you hear the statement of coming through from Beijing

0:14:38.920 --> 0:14:41.640
<v Speaker 6>the Taiwan Affairs Office, they were seen as low key.

0:14:41.800 --> 0:14:45.200
<v Speaker 6>I mean, they didn't really mention Li's names. They mentioned

0:14:45.200 --> 0:14:48.520
<v Speaker 6>about this forty percent mandate received by Lie cannot represent

0:14:48.520 --> 0:14:51.240
<v Speaker 6>the mainstream public opinion of the line of the island.

0:14:51.280 --> 0:14:53.920
<v Speaker 6>But you compare the language that we heard four years

0:14:53.920 --> 0:14:57.840
<v Speaker 6>ago when President Chaani won won that second term by

0:14:57.880 --> 0:15:00.560
<v Speaker 6>a landfly victory. You know, they try to state media

0:15:00.720 --> 0:15:05.360
<v Speaker 6>was calling her selfish, greedy, evil, even militarily as well.

0:15:05.400 --> 0:15:10.520
<v Speaker 6>We haven't seen a whole lot of interference or military

0:15:10.600 --> 0:15:13.920
<v Speaker 6>force thats been shown from Beijing as well. You know,

0:15:13.960 --> 0:15:16.600
<v Speaker 6>perhaps this is just something that we're seeing for now

0:15:16.680 --> 0:15:21.040
<v Speaker 6>from compromise, but I think it's likely that Beijing is

0:15:21.080 --> 0:15:23.000
<v Speaker 6>still going to have to rep at the pressure somehow,

0:15:23.560 --> 0:15:27.280
<v Speaker 6>just given that you know, they've been talking about, you know,

0:15:27.840 --> 0:15:30.800
<v Speaker 6>towent officials here. That might not be in the winter time,

0:15:31.280 --> 0:15:33.640
<v Speaker 6>but maybe once the weather is better, we might see

0:15:33.680 --> 0:15:38.600
<v Speaker 6>more military or economic force being put on Taiwan just

0:15:38.640 --> 0:15:41.160
<v Speaker 6>before the president takes off as in May.

0:15:41.840 --> 0:15:44.560
<v Speaker 2>This is Bloomberg Daybreak Europe, your morning brief on the

0:15:44.640 --> 0:15:47.680
<v Speaker 2>stories making news from London to Wall Street and beyond.

0:15:47.960 --> 0:15:51.960
<v Speaker 1>Look for us on your podcast feed every morning, on Apple, Spotify,

0:15:52.040 --> 0:15:53.960
<v Speaker 1>and anywhere else you get your podcasts.

0:15:54.040 --> 0:15:57.080
<v Speaker 2>You can also listen live each morning on London Dab Radio,

0:15:57.120 --> 0:15:59.640
<v Speaker 2>the Bloomberg Business app, and Bloomberg dot Com.

0:16:00.000 --> 0:16:02.600
<v Speaker 1>Our flagship New York station is also available on your

0:16:02.640 --> 0:16:07.360
<v Speaker 1>Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty.

0:16:07.600 --> 0:16:10.240
<v Speaker 2>I'm Caroline Hepka and I'm Stephen Carol. Join us again

0:16:10.280 --> 0:16:12.880
<v Speaker 2>tomorrow morning for all the news you need to start

0:16:12.880 --> 0:16:19.480
<v Speaker 2>your day right here on Bloomberg Daybreak Europe