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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Doug Krisner.

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Speaker 1: President Biden is considering a trip to Israel. In an

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Speaker 1: appearance earlier on CBS sixty Minutes, Biden cautioned against long

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Speaker 1: term Israeli occupation of the Gaza Strip. Now the White

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Speaker 1: House is aiming to balance support for Israel with fears

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Speaker 1: that the regional crisis could escalate meantime. National Security Advisor

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Speaker 1: Jake Sullivan is saying the US has been back channeling

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Speaker 1: communications with Iran over not widening the war between Israel

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Speaker 1: and Hamas. Here is Sullivan speaking with CBS Face the Nation.

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Speaker 2: We are concerned about proxy forces Lebanese, his Baalah proxy

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Speaker 2: force of Iran. Is there a raid on Israel's northern

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Speaker 2: border with considerable military capacity and a history of attacking

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Speaker 2: the State of Israel. We have seen in the last

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Speaker 2: few days skirmishes across that northern border. That only enhances

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Speaker 2: the risk of escalation. But of course we can't rule

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Speaker 2: out that Iran would choose to get directly engaged some way.

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Speaker 2: We have to prepare for every possible contingency.

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Speaker 1: That is National Security Advisor Jake Sullivan. Israel is hoping

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Speaker 1: to avoid a cot to its debt rating as markets

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Speaker 1: consider the impact of war with Hamas. More from Bloomberg's

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Speaker 1: Denise Pellegrini.

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Speaker 3: A top Israeli official in charge of the country's debt

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Speaker 3: says Israel might be able to avoid its first ever

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Speaker 3: rating downgreate thanks to sound finances. The senior official at

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Speaker 3: the Finance Ministry does say, however, that all bets would

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Speaker 3: be off if the country's war drags out for a

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Speaker 3: long time. The official also calls a credit downgrade an

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Speaker 3: extreme scenario and says it would be more likely Israel

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Speaker 3: would be put on credit watch. The cost to ensure

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Speaker 3: Israeli bonds against potential default did soar last week to

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Speaker 3: the highest point in a decade, but Moody's Investor Service

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Speaker 3: Friday postponed a plan review of Israel's rating and said

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Speaker 3: it would continue to evaluate instead.

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Speaker 1: That's Bloomberg's Denise Pellegrini. The head of the World Trade

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Speaker 1: Organization is warning that war between Israel and Hamas will

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Speaker 1: have a big impact on global trade if the conflict

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Speaker 1: were to spread. More from Bloomberg.

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Speaker 4: Steve Rapaport, wto Director General and Gozi al konjo Awela

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Speaker 4: says the war will only further weekend global trade, already

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Speaker 4: crippled by high interest rates, China's stressed real estate market,

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Speaker 4: and Russia's war with Ukraine. Doctor okonjo Oela says she

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Speaker 4: hopes the conflict ends soon and it's contained, adding everybody's

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Speaker 4: on eggshells and hoping for the best. The WTO last

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Speaker 4: week cut its growth forecast for global goods trade this year.

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Speaker 1: That is, Bloomberg Steve Rapaport, US Secretary of State Anthony

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Speaker 1: blink And is urging China to use its influence in

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Speaker 1: the Israel Hamas conflict. The story from Bloomberg's Joan Wong

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Speaker 1: in Hong Kong.

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Speaker 5: The US State Department says blincn had a long conversation

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Speaker 5: with Foreign Minister Wanghi before departing from Riat. The jew

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Speaker 5: spoke for about an hour. It was their first call

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Speaker 5: since the Hamas attacks on Israel a week ago. Blincoln

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Speaker 5: urged Beijing to help prevent other state or non state

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Speaker 5: actors from attacking Israel and widening the war. The US

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Speaker 5: has been particularly concerned about Heswala, the Ira come back

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Speaker 5: to militia group in Lebanon. The administration is worried about

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Speaker 5: an additional front being opened on Israel's northern border.

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Speaker 1: That is Bloomberg's Joanne Wong. The Biden administration will titan

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Speaker 1: previously announced to measures to restrict China's access to advanced

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Speaker 1: semiconductors and chip making gear. We are told these new

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Speaker 1: rules will aim to refine and close some loopholes from

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Speaker 1: last year's curbs. Chinese chip design firms will be added

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Speaker 1: to the trade restriction list, and this will force overseas

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Speaker 1: manufacturers to first gain a US license in order to

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Speaker 1: fulfill orders from the companies on that list. And write

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Speaker 1: Aid has filed for bankruptcy. The company is looking to

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Speaker 1: restructure debt, including liabilities from opioid litigation. And that's news

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Speaker 1: when you wanted with Bloomberg News. Now, I'm Doug Chrisner,

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Speaker 1: and this is Bloomberg