WEBVTT - War in Israel Update; US Security Aid Is on the Way

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<v Speaker 1>Good morning.

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<v Speaker 2>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 2>stories we're following today.

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<v Speaker 1>The war between Israel and Hamas is now in its

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<v Speaker 1>fourth day, and the conflict may be entering a new phase. Overnight,

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<v Speaker 1>Israel pounded downtown Gaza City with more bombardments in The

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<v Speaker 1>Israeli military is now building a base next to the

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<v Speaker 1>Gaza Strip that can accommodate tens of thousands of soldiers.

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<v Speaker 1>Prime Minister Benjamin Netanyah, who says the response to Hamas

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<v Speaker 1>is just beginning.

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<v Speaker 3>Ayodasha Klan.

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<v Speaker 4>I know that we all want evening results. It will

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<v Speaker 4>take time, but I promise you, dear Israeli citizens, at

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<v Speaker 4>the end of this campaign, all of our enemies will

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<v Speaker 4>know that it was a great mistake to attack Israel.

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<v Speaker 4>What we will do to our enemies in the coming

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<v Speaker 4>days will reverberate with them for generations.

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<v Speaker 1>Prime Minister Natanyah, who spoke through an interpreter. Meanwhile, Hamas

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<v Speaker 1>is warning Israel not to attempt a ground invasion. Ali

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<v Speaker 1>Baraka is a senior official with Hamas.

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<v Speaker 4>Our allies are ready to join the fight if Gaza

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<v Speaker 4>is subjected to a war of annihilation. They will not

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<v Speaker 4>see with their hands tied. The government of Israel knows

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<v Speaker 4>they will open the gates of hell if they try

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<v Speaker 4>to destroy Gaza and to use non traditional weapons to

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<v Speaker 4>destroy Gaza, like American weapons.

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<v Speaker 1>Allie Baraka with Hamas also spoke through an interpreneur.

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<v Speaker 2>Well Nathan. The war has already claimed at least sixteen

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<v Speaker 2>hundred lives, but after Saturday's Hamas incursion, Israel is promising

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<v Speaker 2>a severe response. So we spoke with the country's Minister

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<v Speaker 2>of Strategic Affairs, Ron Durmer.

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<v Speaker 5>Israel will always remember that day, but all the terror

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<v Speaker 5>organizations around US are going to remember this period for

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<v Speaker 5>a very long time. And the critical miscalculation that Hamas

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<v Speaker 5>may thinking that it was going to be business as

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<v Speaker 5>usual in Israel.

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<v Speaker 6>Believe me, it is not.

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<v Speaker 5>The people are outraged and they have awoken not a

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<v Speaker 5>sleeping giant, but a sleeping Maccabee, and they're going to

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<v Speaker 5>see it in the days and weeks ahead.

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<v Speaker 2>Israeli Strategic Affairs Minister Ron Drmer did not say whether

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<v Speaker 2>there'll be a ground invasion, but many Israelis and Palestinians

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<v Speaker 2>expect one.

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<v Speaker 7>Well.

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<v Speaker 1>Meanwhile, Karen the Biden administration says the first shipments of

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<v Speaker 1>security aids Israel are already on the way. Bloomberg's Ed

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<v Speaker 1>Baxter has the story.

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<v Speaker 8>There had been some question about what the US could do,

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<v Speaker 8>but National Security Council spokesman John Kirby says it's important

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<v Speaker 8>that the aid go now and more will be on

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<v Speaker 8>the way soon. Meanwhile, Kirby on MSNBC says there is

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<v Speaker 8>no known direct link between Iran and Amass on the

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<v Speaker 8>initial attacks.

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<v Speaker 6>No, we do not.

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<v Speaker 7>We don't have any specific intelligence or evidence that points

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<v Speaker 7>to direct participation by Iran.

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<v Speaker 9>That said, of course, Iran has long supported Helmas and

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<v Speaker 9>other terrorist networks.

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<v Speaker 8>And the President is set to make an address later today.

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<v Speaker 8>Ed Baxter, Bloomberg Radio.

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<v Speaker 2>All right, Ed, thank you, and stick with Bloomberg for

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<v Speaker 2>full coverage to the president's re marx later this afternoon. Well,

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<v Speaker 2>this morning, we're learning more about how the White House

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<v Speaker 2>might package aid for Israel and Ukraine, and Bloomberg's Amy

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<v Speaker 2>Morris has details from Washington.

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<v Speaker 10>One group of lawmakers proposed the Biden administration pursue a

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<v Speaker 10>joint aid package linking Israel and Ukraine. The idea is

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<v Speaker 10>to capitalize on broad support for Israel to overcome Republican

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<v Speaker 10>opposition to funding for Ukraine, and sources tell Bloomberg they

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<v Speaker 10>raised that idea over the weekend, but White House officials

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<v Speaker 10>call that discussion premature because it isn't clear yet just

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<v Speaker 10>how much assistance Israel might need. The House of Representatives

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<v Speaker 10>needs to pass an Israel package quickly, but remains at

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<v Speaker 10>an impasse without a House speaker in place in Washington.

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<v Speaker 10>I'm a memo, as Bloomberg Radio, Okay.

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<v Speaker 1>Mee, thank you now. The coverage of the war, particularly

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<v Speaker 1>on social media, is getting a lot of scrutiny. Let's

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<v Speaker 1>get more on that from Bloomberg's Lisa Mateo.

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<v Speaker 11>Despite Elon Musk's acquisition and policy changes at ex Corp,

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<v Speaker 11>the social media platform formerly known as Twitter has been

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<v Speaker 11>flooded with misinformation about the Israel Hamas conflict. Many of

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<v Speaker 11>the posts repurposed old images of armed violence, passing them

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<v Speaker 11>off as new, and were pushed by anonymous accounts that

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<v Speaker 11>carried blue check marks under excess page aid subscription service.

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<v Speaker 11>Others even posted military footage from video games, and ex

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<v Speaker 11>Corp accounts stated that it is responding, but it's also

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<v Speaker 11>in the public's best interest to understand what's happening in

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<v Speaker 11>real time, and users should change their settings to control

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<v Speaker 11>what they see. Lisa Matteo, Bloomberg Radio.

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<v Speaker 2>Right, Lisa, thanks so. Former Treasury Secretary Larry Summers, who

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<v Speaker 2>was also once the president of Harvard, is blessing the

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<v Speaker 2>university on x. Summers, who was also a paid contributor

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<v Speaker 2>for Bloomberg Television, said he is quote sickened by the

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<v Speaker 2>institution's lack of response after some student groups blamed Israel

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<v Speaker 2>for Hamas's attack. After Summers post, Harvard released a statement

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<v Speaker 2>speaking of the quote death and destruction unleached by the

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<v Speaker 2>attack by Hamas that targeted citizens in Israel.

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<v Speaker 1>Well, jitters over the Israel Hamas were just one of

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<v Speaker 1>the reasons investors are piling into the safety of US treasuries.

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<v Speaker 1>They had their best day since the regional banking blow

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<v Speaker 1>up in March. The move may be more pronounced than

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<v Speaker 1>normal because the market was closed yesterday for the holiday.

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<v Speaker 2>And Nathan's speculation the Fed may be done with great

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<v Speaker 2>heights is also fueling a drop in treasury yields. This morning,

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<v Speaker 2>we get the latest of Bloomberg's John Tucker, John.

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<v Speaker 12>Dallas FED president Lourie Logan's's elevated yields could help take

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<v Speaker 12>some of the heat out of the economy.

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<v Speaker 1>The term premiums rise, they could do some of the

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<v Speaker 1>work of cooling the.

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<v Speaker 13>Economy for us, leaving less need for additional monetary policy

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<v Speaker 13>tightening to achieve the effumci's objectives.

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<v Speaker 12>And FED Vice Chair Philip Jefferson said he's watching the

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<v Speaker 12>increase in treasury yields as a potential further restraint on

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<v Speaker 12>the economy. In other words, the markets are doing the

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<v Speaker 12>Fed's work for it.

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<v Speaker 2>All right, John, Thanks, It's time now for a look

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<v Speaker 2>at some of the other stories making news around the world.

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<v Speaker 2>For that, we're joined by Bloombergs Amy Morris Amy.

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<v Speaker 10>Thank you, Karen House. Republicans peer divided on a new speaker.

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<v Speaker 10>Lawmakers held what was described as an emotional two hour

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<v Speaker 10>meeting last night over the party's leadership situation after Kevin

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<v Speaker 10>McCarthy was ousted last week. Ohio Congressman Jim Jordan and

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<v Speaker 10>Louisiana Steve Scalise are the two leading Republican Florida Congressman

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<v Speaker 10>Matt Gates spoke before the closed meeting to.

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<v Speaker 6>Great readers, and I think either of them will do

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<v Speaker 6>a great job for US.

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<v Speaker 10>More meetings are scheduled for this week, while a vote

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<v Speaker 10>to fill the House speakership could happen as early as tomorrow.

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<v Speaker 6>Robert F.

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<v Speaker 10>Kennedy Junior says he's letting go of the party of

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<v Speaker 10>his ancestors as he continues his race for the White House.

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<v Speaker 10>Bloomberg's Nancy Lyons explains.

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<v Speaker 14>Robert F. Kennedy Junior is declaring his independence from the

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<v Speaker 14>Democratic Party, announcing he'll run for president now as an independent.

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<v Speaker 14>He chose Philadelphia to make his announcement.

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<v Speaker 9>I've come here today to declare our independence from the

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<v Speaker 9>journey of corruption, which robs us of affordable lives, our

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<v Speaker 9>belief in the future, and our respect.

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<v Speaker 7>For each other.

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<v Speaker 14>Kennedy will now need to get his name on the

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<v Speaker 14>ballot in all fifty states, which is always a challenge

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<v Speaker 14>for independent candidates. I'm Nancy Lyons Bloomberg Radio.

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<v Speaker 10>And another political shake up as former Texas Congressman Will

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<v Speaker 10>Hurd says he's dropping out of the race for the

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<v Speaker 10>White House and endorsing Nikki Hailey, heard as an outspoken

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<v Speaker 10>critic of former President Trump, and is urging candidates to

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<v Speaker 10>rally around Hailey. An average of polls from five thirty

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<v Speaker 10>eight shows the former South Carolina governor making inroads after

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<v Speaker 10>her debate performances. Hailey is now in second place in

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<v Speaker 10>New Hampshire, three points ahead of Florida Governor Ron De Santis.

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<v Speaker 10>President Biden has been interviewed by the Special Council leading

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<v Speaker 10>an investigation into his handling of classified documents. In a statement,

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<v Speaker 10>the White House says the voluntary interview was conducted at

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<v Speaker 10>the White House Sunday and Monday, and it adds that

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<v Speaker 10>Biden and the White House are cooperating with the probe

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<v Speaker 10>and being transparent. Special Council and former Trump administration member

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<v Speaker 10>Robert Hurr was appointed earlier this year after classified materials

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<v Speaker 10>from Biden's time as Vice president were found at his

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<v Speaker 10>Delaware home and an old office in Washington, d C.

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<v Speaker 10>Global News twenty four hours a day, powered by more

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<v Speaker 10>than twenty seven hundred journalists and analysts in more than

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<v Speaker 10>one hundred twenty countries.

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<v Speaker 6>I'm Amy Morrison. This is bloomber Karen.

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<v Speaker 2>Right, Amy. Thank you. We bring you news throughout the

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<v Speaker 2>day here on Bloomberg Radio. But now you can get

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<v Speaker 2>the latest news on demand whenever you want it. Subscribe

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<v Speaker 2>to Bloomberg News Now. To get the latest headlines at

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<v Speaker 2>the click of a button. Get informed on your schedule.

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<v Speaker 2>You can listen and subscribe to Bloomberg News Now on

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<v Speaker 2>and anywhere else you get your podcasts. It is time

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<v Speaker 2>now for the Bloomberg Sports Update. Here's John stash Hour

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<v Speaker 2>John Jarin.

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<v Speaker 15>The Atlanta Braves best team in baseball this season, best

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<v Speaker 15>offensive team, and yet they began this series with the

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<v Speaker 15>Phillies not scoring a single run for the first fourteen innings.

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<v Speaker 15>The Braves lost the opener and trail game two, four

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<v Speaker 15>to nothing in the sixth inning, and then mounted their

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<v Speaker 15>comeback at run of the sixth, two and the seventh

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<v Speaker 15>on a Travis Darnault home run, and then in the

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<v Speaker 15>eighth inning.

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<v Speaker 13>Everybody on their feet at Truest Park won you third,

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<v Speaker 13>You down bre and too, four to three, Phillies, bottom eight.

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<v Speaker 13>The pitch to Riley, swing a high fly ball left field,

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<v Speaker 13>that one back towards the wall.

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<v Speaker 6>That one is gone, Austin Riley.

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<v Speaker 13>It's a two run hover in the Graves half league.

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<v Speaker 6>ESPN had the call. They won the game, five to four.

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<v Speaker 15>The game ended with a bizarre double play a sensational

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<v Speaker 15>catch in center field by Michael Harrison.

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<v Speaker 6>The praise doubled up.

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<v Speaker 15>Bryce Harper at first, at first pase Arizona again beat

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<v Speaker 15>the Dodgers four to two. The Diamondbacks sixteen games behind

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<v Speaker 15>LA and the regular season, but up to nothing in

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<v Speaker 15>the series. Monday Night football in Las Vegas, the Raiders

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<v Speaker 15>had lost eight in a row to the Packers. They

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<v Speaker 15>beat Green Bay seventeen thirteen as they intercepted the young

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<v Speaker 15>Packer quarterback Jordan Love three times, including one in the

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<v Speaker 15>end zone in the final minute. Viking star wide receiver

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<v Speaker 15>Justin Jefferson has a hamstring injury.

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<v Speaker 6>The team says they won't rush him back.

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<v Speaker 15>Anthony Richardson, the rookie quarterback for the Colts, could miss

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<v Speaker 15>four to six week wo injury.

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<v Speaker 6>John Stanshower Bloomberg's boards.

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<v Speaker 3>From coast to coast, from New York to San Francisco,

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<v Speaker 3>Boston to Washington, DC, nationwide on Syrias Exam, the Bloomberg

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<v Speaker 3>Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 3>Good morning, I'm Nathan Hager.

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<v Speaker 1>We continue to monitor fast moving developments in the Israel

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<v Speaker 1>Hamas war, now into its fourth day. Overnight, Israel struck

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<v Speaker 1>downtown Gaza City with more bombardments, and the military is

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<v Speaker 1>now building a base near the Gaza Strip, raising questions

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<v Speaker 1>about whether Israel is preparing a ground assault against Hamas.

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<v Speaker 1>For the latest, we're joined now by Bloomberg's Israel Bureau

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<v Speaker 1>chief Ethan Browner. Ethan, again, it is good to have

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<v Speaker 1>you with us. Thanks for your time. Just get us

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<v Speaker 1>up to speed on the latest that's happened in the

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<v Speaker 1>last twenty four hours.

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<v Speaker 7>Sure thing, Nathan, I mean, you've just told us most

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<v Speaker 7>of what we know that's new. So in essence, we

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<v Speaker 7>have about three hundred thousand reservists and other soldiers Israeli

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<v Speaker 7>who've been rapidly moved to the south. Hundreds of them,

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<v Speaker 7>by the way, were picked up on airplanes in Europe

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<v Speaker 7>by the IDF, by the military and the Foreign Ministry

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<v Speaker 7>organizing flights to bring them home. For this, they are

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<v Speaker 7>preparing what we expect to be a massive assault. You're

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<v Speaker 7>right that they have not spelled out for us that

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<v Speaker 7>it's going to be a ground war, but it seems

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<v Speaker 7>inevitable that it will be be the first time in

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<v Speaker 7>almost ten years that Israel does that and beyond that,

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<v Speaker 7>the Americans are sending over a fair amount of military

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<v Speaker 7>help for this. The Israelis have said that their supplies

0:11:35.480 --> 0:11:38.760
<v Speaker 7>are stretched. I assume this involves the Patriot Missile anti

0:11:38.760 --> 0:11:41.840
<v Speaker 7>missile system that they have, as well as basic equipment

0:11:41.880 --> 0:11:45.800
<v Speaker 7>for soldiers and things for drones to watch and prepare

0:11:45.960 --> 0:11:49.920
<v Speaker 7>for hits from the air. So all of that is

0:11:49.960 --> 0:11:54.880
<v Speaker 7>what's going on. It's a very tense time. The military

0:11:54.920 --> 0:11:57.600
<v Speaker 7>has told Israelis that they should have seventy two hours

0:11:57.640 --> 0:12:01.800
<v Speaker 7>worth of food and drink in their home, preparing obviously

0:12:01.880 --> 0:12:05.400
<v Speaker 7>for some kind of a counter attack, possibly from Hamas,

0:12:05.480 --> 0:12:08.719
<v Speaker 7>but also possibly from the north from his Ballah. The

0:12:09.960 --> 0:12:12.600
<v Speaker 7>Hasbala is also also.

0:12:13.960 --> 0:12:15.079
<v Speaker 6>Helped by Iran.

0:12:15.280 --> 0:12:18.160
<v Speaker 7>Iran has denied that it was involved in the attack

0:12:18.240 --> 0:12:22.520
<v Speaker 7>from the south, but it is also warning Israel not

0:12:22.600 --> 0:12:26.640
<v Speaker 7>to be not to do terrible things in Gaza or

0:12:26.640 --> 0:12:28.439
<v Speaker 7>that it'll pay some consequences.

0:12:28.800 --> 0:12:33.600
<v Speaker 1>And those consequences, from what we're hearing, include a threat

0:12:33.720 --> 0:12:38.120
<v Speaker 1>from Hamas that hostages that are now being held in

0:12:38.160 --> 0:12:41.920
<v Speaker 1>the Gaza strip could be put in danger, could be killed.

0:12:42.720 --> 0:12:45.960
<v Speaker 1>This looks like this could escalate rather quickly, Ethan.

0:12:46.600 --> 0:12:49.360
<v Speaker 7>I think that it is going to escalate there's no

0:12:49.480 --> 0:12:52.839
<v Speaker 7>question about it. The main thing here is that the

0:12:53.440 --> 0:12:56.640
<v Speaker 7>hostage situation, of course, is very emotional for everybody, for

0:12:56.679 --> 0:13:00.400
<v Speaker 7>anybody who who pays attention. I have to tell you

0:13:00.480 --> 0:13:04.679
<v Speaker 7>that the way the Israeli military commanders are talking about it,

0:13:04.720 --> 0:13:08.000
<v Speaker 7>though they are fairly cold blooded about it, they are

0:13:08.120 --> 0:13:11.800
<v Speaker 7>not saying that the hostage situation is going to change

0:13:11.840 --> 0:13:15.280
<v Speaker 7>their plans. It makes it sound like the hostagees may

0:13:15.400 --> 0:13:18.719
<v Speaker 7>become victims of an attack. But it is true that

0:13:18.880 --> 0:13:24.079
<v Speaker 7>Hamas is saying, if you don't give warnings to civilian buildings,

0:13:24.080 --> 0:13:25.800
<v Speaker 7>that we are going to hit that. Each time you

0:13:25.840 --> 0:13:27.960
<v Speaker 7>don't give a warning, we'll kill a hostage. So far,

0:13:28.280 --> 0:13:33.240
<v Speaker 7>that hasn't happened in the hours since they issued that warning. Partly,

0:13:33.280 --> 0:13:37.719
<v Speaker 7>it seems that the Israelis have given warnings before going in.

0:13:39.000 --> 0:13:41.400
<v Speaker 1>If there were to be a ground invasion Ethan you

0:13:41.440 --> 0:13:46.320
<v Speaker 1>mentioned it hasn't happened since the twenty fourteen war between

0:13:46.520 --> 0:13:51.439
<v Speaker 1>Israel and Guza. Draw the parallels for us, What kind

0:13:51.720 --> 0:13:56.080
<v Speaker 1>of complications, what kind of difficulties could the Israeli military

0:13:56.120 --> 0:13:59.040
<v Speaker 1>face if it were to mount a ground invasion in

0:13:59.080 --> 0:13:59.840
<v Speaker 1>the Gaza strip.

0:14:00.880 --> 0:14:03.679
<v Speaker 7>Well, you know they're on someone else's territory that they

0:14:03.800 --> 0:14:06.559
<v Speaker 7>don't have a clear map of. The Hamas has been

0:14:06.960 --> 0:14:12.480
<v Speaker 7>very skilled at keeping things underground and making it hard

0:14:12.480 --> 0:14:15.040
<v Speaker 7>for the Israelis to survey them. I mean, all that

0:14:15.120 --> 0:14:20.800
<v Speaker 7>happened last Saturday was obviously planned outside of the site

0:14:20.840 --> 0:14:24.400
<v Speaker 7>and listening tools of the Israelis, so Hamas have become

0:14:24.440 --> 0:14:27.360
<v Speaker 7>quite skilled at that. It means that Israeli soldiers are

0:14:27.400 --> 0:14:28.120
<v Speaker 7>going to get killed.

0:14:28.120 --> 0:14:28.640
<v Speaker 2>It means that.

0:14:28.680 --> 0:14:31.680
<v Speaker 7>Civilians there are going to get killed. There'll be an

0:14:31.800 --> 0:14:35.320
<v Speaker 7>enormous amount of damage, There'll be more people taken hostage

0:14:35.640 --> 0:14:40.920
<v Speaker 7>and kidnapped. It will be really, really awful. The Israelis,

0:14:41.640 --> 0:14:45.120
<v Speaker 7>because of the massacre that occurred on Saturday, are taking,

0:14:45.320 --> 0:14:48.120
<v Speaker 7>as they said, a very hard headed approach to this

0:14:48.280 --> 0:14:51.520
<v Speaker 7>and saying that they feel the need to go in

0:14:51.880 --> 0:14:55.680
<v Speaker 7>with a kind of severity that they haven't ever before,

0:14:56.120 --> 0:14:59.000
<v Speaker 7>and that the mus leaders will never forget so that

0:14:59.040 --> 0:15:01.480
<v Speaker 7>they never again and we'll be able to carry out

0:15:01.520 --> 0:15:03.720
<v Speaker 7>such an attack. It's a little hard to know what

0:15:03.760 --> 0:15:08.240
<v Speaker 7>that means. The rhetoric is very very powerful. We'll have

0:15:08.320 --> 0:15:09.760
<v Speaker 7>to see what it means in reality.

0:15:13.040 --> 0:15:16.120
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