1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:10,119 --> 00:00:13,080
Speaker 2: Good morning, I'm Karen Moscow and I'm John Tucker.

3
00:00:13,119 --> 00:00:14,840
Speaker 3: Here are these stories we're following.

4
00:00:14,480 --> 00:00:17,400
Speaker 2: Today, Well John, The rise of oil comes as around

5
00:00:17,400 --> 00:00:20,840
Speaker 2: steps up attacks on energy infrastructure across the Middle East.

6
00:00:20,880 --> 00:00:24,279
Speaker 2: Operations were suspended at the Shawn Natural gas field in

7
00:00:24,320 --> 00:00:27,440
Speaker 2: the United Arab Emirates after a drone strike. Well An

8
00:00:27,480 --> 00:00:31,160
Speaker 2: Iraqi oil field and Kiya Amaradi Port were also targeted

9
00:00:31,160 --> 00:00:34,400
Speaker 2: by Iranian drones and missiles. Begin more with Bloomberg and

10
00:00:34,479 --> 00:00:36,600
Speaker 2: Middle East Managing editor Owner Aunt.

11
00:00:37,320 --> 00:00:40,360
Speaker 4: The single most important thing about this attack is that

12
00:00:40,440 --> 00:00:45,040
Speaker 4: it was the first time Iran successfully attacked an upstream

13
00:00:45,120 --> 00:00:48,720
Speaker 4: asset in the UI. An upstream asset is an energy

14
00:00:48,760 --> 00:00:54,319
Speaker 4: facility that produces oil or gas. That's why yesterday's well

15
00:00:54,400 --> 00:00:58,760
Speaker 4: this morning's attack won The Shock gas field near Abudabi's

16
00:00:58,840 --> 00:01:02,320
Speaker 4: border with Sauda area was especially important, and it is

17
00:01:02,360 --> 00:01:07,560
Speaker 4: the second significant attack targeting a gas facility in the

18
00:01:07,560 --> 00:01:08,160
Speaker 4: Middle East.

19
00:01:08,480 --> 00:01:11,400
Speaker 2: And Bloomer's owner As says, these strikes further half or

20
00:01:11,480 --> 00:01:14,720
Speaker 2: the outlook for global energy supplies as the war enters.

21
00:01:14,760 --> 00:01:15,880
Speaker 2: It's third week and.

22
00:01:15,880 --> 00:01:18,840
Speaker 3: Karen oil has risen more than forty percent since the

23
00:01:18,880 --> 00:01:21,400
Speaker 3: war began, but it has been a near complete halt

24
00:01:21,400 --> 00:01:24,080
Speaker 3: of shipping through the Strait of Hormuz. As heard right

25
00:01:24,080 --> 00:01:27,720
Speaker 3: here on Bloomberg Radio, President Trump reiterated his appeals for

26
00:01:27,840 --> 00:01:30,640
Speaker 3: help from other nations to secure the Strait.

27
00:01:31,440 --> 00:01:34,920
Speaker 5: We strongly encourage other nations whose economies depend on the

28
00:01:34,959 --> 00:01:37,920
Speaker 5: strait far more than ours. You know, we get less

29
00:01:37,920 --> 00:01:41,160
Speaker 5: than one percent of our oil from the Strait, and

30
00:01:42,400 --> 00:01:45,679
Speaker 5: some countries get much more. Japan gets ninety five percent,

31
00:01:46,400 --> 00:01:49,840
Speaker 5: China gets ninety percent, many of the Europeans get quite

32
00:01:50,240 --> 00:01:54,520
Speaker 5: quite a bit. South Korea gets thirty five percent. So

33
00:01:54,560 --> 00:01:57,840
Speaker 5: we want them to come and help us with the Strait.

34
00:01:58,640 --> 00:02:01,440
Speaker 2: And during that same news Coprince, President Trump said, in

35
00:02:01,480 --> 00:02:06,160
Speaker 2: a private conversation, a former president expressed regret about not

36
00:02:06,280 --> 00:02:07,400
Speaker 2: attacking Iran.

37
00:02:07,240 --> 00:02:08,320
Speaker 6: Thirty seven years.

38
00:02:08,560 --> 00:02:11,400
Speaker 5: No president was willing to do what I'm doing, and

39
00:02:11,440 --> 00:02:13,000
Speaker 5: they should have done it a long time ago. It

40
00:02:13,000 --> 00:02:15,800
Speaker 5: would have been a lot easier. There's no president that

41
00:02:15,840 --> 00:02:18,799
Speaker 5: wanted to do it, and yet every president knew. I've

42
00:02:18,800 --> 00:02:23,360
Speaker 5: spoken to a certain president who I like, actually a

43
00:02:23,400 --> 00:02:24,960
Speaker 5: past president, former president.

44
00:02:25,000 --> 00:02:27,240
Speaker 6: He said, I wish I did it. I wish I did,

45
00:02:27,280 --> 00:02:29,359
Speaker 6: but they didn't do it. I'm doing it.

46
00:02:29,680 --> 00:02:32,960
Speaker 2: President Trump declined to name the president. The Associated Press

47
00:02:33,040 --> 00:02:36,679
Speaker 2: is reporting representatives for the four living former presidents, three

48
00:02:36,680 --> 00:02:40,160
Speaker 2: Democrats and one Republican, said none have been in touch

49
00:02:40,240 --> 00:02:41,640
Speaker 2: with President Trump recently.

50
00:02:42,120 --> 00:02:44,960
Speaker 3: President Trump is delaying his summit with the Chinese president

51
00:02:45,000 --> 00:02:47,680
Speaker 3: Hushing Ping. It was scheduled for it later this month.

52
00:02:47,960 --> 00:02:50,920
Speaker 3: Heather Colmley is a former Deputy Assistant Secretary of State

53
00:02:50,960 --> 00:02:53,160
Speaker 3: for the Bureau of European at Eurasian Affairs and the

54
00:02:53,160 --> 00:02:54,480
Speaker 3: George Bush administration.

55
00:02:55,160 --> 00:02:58,160
Speaker 7: This is a big decision, but certainly the President has

56
00:02:58,160 --> 00:03:02,680
Speaker 7: been looking forward to the visit to Beijing, the policy

57
00:03:02,720 --> 00:03:06,080
Speaker 7: preparation that's gone into place. But I think the White

58
00:03:06,080 --> 00:03:09,919
Speaker 7: House completely understood that the optics would be terrible as

59
00:03:09,960 --> 00:03:13,480
Speaker 7: a war is raging, American servicemen and women are in

60
00:03:13,600 --> 00:03:17,160
Speaker 7: harm's way while he is being fedted in Beijing. So

61
00:03:17,320 --> 00:03:19,639
Speaker 7: I think this is a really big deal that it's

62
00:03:19,680 --> 00:03:23,840
Speaker 7: been postponed. But again, I think it's correct. The President

63
00:03:23,880 --> 00:03:28,400
Speaker 7: needs to stay laser focused on a conflict that's spreading.

64
00:03:28,000 --> 00:03:28,440
Speaker 8: By the day.

65
00:03:28,560 --> 00:03:31,520
Speaker 3: Healor Conley, a non resident Senior Fellow of the American

66
00:03:31,680 --> 00:03:35,600
Speaker 3: Enterprise Institute, speaking with Bloomberg Balance of Power. President Trump's

67
00:03:35,680 --> 00:03:38,360
Speaker 3: visit to China will be the first buy a US

68
00:03:38,480 --> 00:03:39,760
Speaker 3: leader in nearly a decade.

69
00:03:40,640 --> 00:03:43,680
Speaker 2: Well John. President Trump says he wants to finish the

70
00:03:43,720 --> 00:03:46,960
Speaker 2: war in Iran before turning his attention to a Cuba

71
00:03:47,000 --> 00:03:49,320
Speaker 2: of The New York Times reports the US has told

72
00:03:49,400 --> 00:03:53,160
Speaker 2: Cuba that for a meaningful progress to be made in negotiations,

73
00:03:53,160 --> 00:03:57,200
Speaker 2: the country's president, Miguel ds Canelmas, stepped down. President Trump

74
00:03:57,200 --> 00:04:00,040
Speaker 2: told reporters yesterday that America will take control of the

75
00:03:59,880 --> 00:04:02,080
Speaker 2: country in some form soon.

76
00:04:02,640 --> 00:04:05,720
Speaker 5: Taking Cuba a big, good honor. That's a big honor.

77
00:04:05,880 --> 00:04:08,160
Speaker 9: Taking Cube, Taking Cube in some form.

78
00:04:08,240 --> 00:04:09,360
Speaker 10: Yeah, taking Guber.

79
00:04:09,400 --> 00:04:13,320
Speaker 4: I mean whether I free it, take it. I think

80
00:04:13,360 --> 00:04:14,240
Speaker 4: I could do anything I.

81
00:04:14,200 --> 00:04:14,640
Speaker 8: Want with it.

82
00:04:14,720 --> 00:04:16,160
Speaker 10: You want another A.

83
00:04:16,200 --> 00:04:19,440
Speaker 2: Very weekend nation right now.

84
00:04:19,520 --> 00:04:20,800
Speaker 10: They were for a long time.

85
00:04:21,000 --> 00:04:23,680
Speaker 2: And the president spoke as Cuban officials said they would

86
00:04:23,720 --> 00:04:27,240
Speaker 2: begin allowing more investment from Cubans living abroad as part

87
00:04:27,240 --> 00:04:30,839
Speaker 2: of a broader effort to bolster the state dominated economy.

88
00:04:30,720 --> 00:04:33,000
Speaker 3: And on the backdrop of the war in the Middle East.

89
00:04:33,000 --> 00:04:36,360
Speaker 3: Federal Reserve officials they start their two day policy meeting today.

90
00:04:36,440 --> 00:04:38,680
Speaker 3: Let's get a preview from Bloomberg's Charlie Pellett.

91
00:04:38,960 --> 00:04:42,120
Speaker 6: The meeting comes amid rising oil prices and how that

92
00:04:42,160 --> 00:04:46,120
Speaker 6: will affect the Fed's inflation outlook. Eric Rosengren is the

93
00:04:46,120 --> 00:04:49,000
Speaker 6: former president of the Federal Reserve Bank of Boston.

94
00:04:49,240 --> 00:04:52,640
Speaker 9: I would highlight that even before the war, the committee

95
00:04:52,680 --> 00:04:57,680
Speaker 9: was quite divided, so there was a significant subset of

96
00:04:57,800 --> 00:05:01,880
Speaker 9: individuals that were very concerned about inflation and a somewhat

97
00:05:01,880 --> 00:05:04,960
Speaker 9: smaller subset that we're worried about the fragility of the

98
00:05:05,040 --> 00:05:05,800
Speaker 9: labor market.

99
00:05:05,920 --> 00:05:09,560
Speaker 6: Federal Reserve policy makers are widely expected to hold interest

100
00:05:09,640 --> 00:05:12,960
Speaker 6: rates steady while also putting out new forecasts for their

101
00:05:13,000 --> 00:05:16,520
Speaker 6: outlook for inflation and growth. In New York, Charlie Pellet

102
00:05:16,640 --> 00:05:17,919
Speaker 6: Bloomberg Radio.

103
00:05:17,800 --> 00:05:20,159
Speaker 2: All right, Charlie, thank you well. Futures they are lower

104
00:05:20,279 --> 00:05:22,479
Speaker 2: this morning ahead of the Fed's two day meeting, and

105
00:05:22,520 --> 00:05:24,080
Speaker 2: it comes a day after the S and P five

106
00:05:24,160 --> 00:05:27,320
Speaker 2: hundred posted its best day since February. The Indix snapped

107
00:05:27,360 --> 00:05:30,200
Speaker 2: a four day losing streak in rows one percent, and.

108
00:05:30,279 --> 00:05:33,600
Speaker 3: In company news in video predicting that its flagship AI

109
00:05:33,760 --> 00:05:38,280
Speaker 3: processors will help generate one trillion dollars in sales through

110
00:05:38,320 --> 00:05:41,159
Speaker 3: twenty twenty seven. The CEO of Jensen Wogg made the

111
00:05:41,200 --> 00:05:44,760
Speaker 3: forecast during his speech at the company's annual product event.

112
00:05:45,440 --> 00:05:48,480
Speaker 11: And in Vidia, as you know today, we're the only

113
00:05:48,560 --> 00:05:52,040
Speaker 11: platform in the world today that runs every single domain

114
00:05:52,440 --> 00:05:57,000
Speaker 11: of AI across every single one of these AI models

115
00:05:57,760 --> 00:06:02,039
Speaker 11: in language and biology, and computer grows, computer vision and speech,

116
00:06:02,680 --> 00:06:06,159
Speaker 11: and videos. Architecture is fungible for all of that, and

117
00:06:06,160 --> 00:06:07,040
Speaker 11: we're incredible for.

118
00:06:07,000 --> 00:06:07,320
Speaker 9: All of that.

119
00:06:07,920 --> 00:06:11,080
Speaker 3: In Vidios, Jensen Wong also announced plans to push deeper

120
00:06:11,120 --> 00:06:16,000
Speaker 3: into center processing units and introduced new semiconductors. Shares of Nvidia,

121
00:06:16,040 --> 00:06:18,800
Speaker 3: which was one point seven percent yesterday on the announcement,

122
00:06:18,960 --> 00:06:21,280
Speaker 3: A little change in pre market trading.

123
00:06:21,360 --> 00:06:24,800
Speaker 2: And Johnny have this programming note markets make those on Friday,

124
00:06:24,800 --> 00:06:27,440
Speaker 2: but the world does not. And that's why we're bringing

125
00:06:27,520 --> 00:06:30,960
Speaker 2: you a new live radio and TV show, Bloomberg This Weekend,

126
00:06:31,000 --> 00:06:33,599
Speaker 2: is looking beyond the daily headlines to the bigger themes

127
00:06:33,680 --> 00:06:37,880
Speaker 2: driving politics, business and culture. Joining David Gera, Christina Raffini,

128
00:06:37,920 --> 00:06:41,640
Speaker 2: and Lisa Matteo for smart conversations and in depth interviews

129
00:06:41,800 --> 00:06:44,320
Speaker 2: that help make sense of the week that's been and

130
00:06:44,360 --> 00:06:48,080
Speaker 2: what comes next. Yeah, Bloomberg This Weekend Live Saturdays and

131
00:06:48,160 --> 00:06:51,840
Speaker 2: Sundays from seven am Eastern on Bloomberg Radio, TV and

132
00:06:51,880 --> 00:06:53,279
Speaker 2: the Bloomberg Business app.

133
00:06:56,200 --> 00:06:58,080
Speaker 3: And that brings us to five Elate on Wall Street

134
00:06:58,120 --> 00:06:59,920
Speaker 3: time for look at some of the other stories making

135
00:07:00,080 --> 00:07:02,080
Speaker 3: use in New York and around the world. And for

136
00:07:02,120 --> 00:07:04,600
Speaker 3: that we're joined by Bloomberg's Michael Barr.

137
00:07:04,880 --> 00:07:08,039
Speaker 8: Thank you very much, John. Extreme weather stretching from New

138
00:07:08,120 --> 00:07:11,600
Speaker 8: York to Texas has been causing traveled troubles at airports

139
00:07:11,600 --> 00:07:15,360
Speaker 8: across the country. Nearly five thousand flights were canceled on Monday,

140
00:07:15,520 --> 00:07:20,200
Speaker 8: straining airports already under pressure. The partial government shutdown, now

141
00:07:20,240 --> 00:07:24,080
Speaker 8: in its fifth week, has left sixty thousand TSA agents

142
00:07:24,120 --> 00:07:27,600
Speaker 8: without paychecks. Workers have been calling out sick, and record

143
00:07:27,680 --> 00:07:32,680
Speaker 8: numbers long security lines continuing to plague Spring Break travelers

144
00:07:32,920 --> 00:07:38,480
Speaker 8: as frustration grows among TSA officers. Cameron Coachims represents hundreds

145
00:07:38,520 --> 00:07:42,680
Speaker 8: of airport workers as the Idaho regional vice president for

146
00:07:42,840 --> 00:07:45,520
Speaker 8: the American Federation of Government Employees.

147
00:07:45,880 --> 00:07:48,920
Speaker 12: It's affected us mentally, it's affected us emotionally, it's affected

148
00:07:48,960 --> 00:07:52,400
Speaker 12: us financially. People don't know when the next paycheck's going

149
00:07:52,440 --> 00:07:54,560
Speaker 12: to be. They don't know how to pay their rent,

150
00:07:54,880 --> 00:07:56,480
Speaker 12: how to pay their family bills.

151
00:07:57,280 --> 00:08:01,520
Speaker 8: Cameron Coachims lead transportation security officer at the Boise Airport.

152
00:08:02,080 --> 00:08:04,600
Speaker 8: A Utah jury has returned a verdict for a woman

153
00:08:04,760 --> 00:08:06,080
Speaker 8: charge with killing her husband.

154
00:08:06,760 --> 00:08:10,320
Speaker 7: We the jury unanimously find that the defendant, Corey Richins,

155
00:08:10,480 --> 00:08:13,520
Speaker 7: is guilty of aggravated murder.

156
00:08:14,000 --> 00:08:17,240
Speaker 8: Judge Richard m Razik read the verdict of the five

157
00:08:17,320 --> 00:08:21,560
Speaker 8: counts against Corey Richins. Prosecutors aimed to drive home their

158
00:08:21,680 --> 00:08:25,360
Speaker 8: argument that Richards killed her husband for his money. Authority

159
00:08:25,400 --> 00:08:28,720
Speaker 8: say Richards slipped five times a lethal dose of a

160
00:08:28,800 --> 00:08:33,160
Speaker 8: synthetic opioid into a cocktail that she made for her husband,

161
00:08:33,360 --> 00:08:36,720
Speaker 8: Eric Richins, leading to his twenty twenty two death. Richards

162
00:08:36,920 --> 00:08:40,680
Speaker 8: later self published a children's book about grief to help

163
00:08:40,720 --> 00:08:43,400
Speaker 8: her sons and other kids cope with the loss of

164
00:08:43,440 --> 00:08:47,880
Speaker 8: a parent. President Trump's attempts to pass voter ID legislation

165
00:08:47,920 --> 00:08:50,920
Speaker 8: will be debated on the Senate floor. The legislative push,

166
00:08:50,960 --> 00:08:54,800
Speaker 8: which President Trump has argued would secure wins for Republicans

167
00:08:54,800 --> 00:08:57,960
Speaker 8: in November, comes on the heels of a Trump administration

168
00:08:58,120 --> 00:09:01,600
Speaker 8: driven redistricting effort. Democrats warned the bill would make it

169
00:09:01,600 --> 00:09:05,160
Speaker 8: harder for millions of citizens to vote. Global News twenty

170
00:09:05,200 --> 00:09:07,480
Speaker 8: four hours a day and whenever you want it with

171
00:09:07,559 --> 00:09:10,720
Speaker 8: Bloomberg News Now. I'm Michael Barn. This is Bloomberg John.

172
00:09:11,120 --> 00:09:14,040
Speaker 2: Thanks Michael. Time now for our Bloomberg Sports update, and

173
00:09:14,120 --> 00:09:15,800
Speaker 2: for that we bring in Dan Schwartzman.

174
00:09:16,080 --> 00:09:18,720
Speaker 13: Venezuela rallies from a two to one seventh inning depthsit

175
00:09:18,760 --> 00:09:20,920
Speaker 13: to beat Italy four to two to advance to its

176
00:09:21,000 --> 00:09:23,560
Speaker 13: first ever final of the World Baseball Classic to face

177
00:09:23,559 --> 00:09:27,240
Speaker 13: the United States. Venezuela sends Edward Rodriguez to the Mount tonight,

178
00:09:27,280 --> 00:09:30,840
Speaker 13: while the US counters with Nolan McLain. The NCAA tournament

179
00:09:30,880 --> 00:09:33,760
Speaker 13: officially getting underwait tonight in Dayton, Ohio, with the first

180
00:09:33,760 --> 00:09:36,800
Speaker 13: two first four matchups, as the University of Maryland Baltimore

181
00:09:36,840 --> 00:09:40,080
Speaker 13: County faces Howard in the Midwest Region, while Texas battles

182
00:09:40,120 --> 00:09:42,520
Speaker 13: Enzie State in the West Region tip off for game

183
00:09:42,559 --> 00:09:44,880
Speaker 13: win a six to forty Eastern time. Game two following

184
00:09:44,920 --> 00:09:47,800
Speaker 13: at nine fifteen Big Games of the NBA last night,

185
00:09:47,800 --> 00:09:49,840
Speaker 13: with the Lakers knocking off the Rockets in Houston one

186
00:09:49,960 --> 00:09:52,679
Speaker 13: hundred to ninety two, Celtics getting forty one points from

187
00:09:52,760 --> 00:09:54,720
Speaker 13: Jalen Brown in a one twenty to one twelve home

188
00:09:54,800 --> 00:09:56,839
Speaker 13: in over the Suns, while the Hawks beat the Magic

189
00:09:56,880 --> 00:09:59,440
Speaker 13: one twenty four to one to twelve. That's your Bloomberg

190
00:09:59,440 --> 00:09:59,960
Speaker 13: Sports Update.

191
00:10:01,840 --> 00:10:05,640
Speaker 2: Stay with us. More from Bloomberg Daybreak coming up after this.

192
00:10:09,840 --> 00:10:13,880
Speaker 1: Coast to coast on Bloomberg Radio, nationwide on Sirius Exam,

193
00:10:14,160 --> 00:10:17,000
Speaker 1: and around the world on Bloomberg dot Com and the

194
00:10:17,040 --> 00:10:20,680
Speaker 1: Bloomberg Business app. This is Bloomberg Daybreak.

195
00:10:21,400 --> 00:10:24,600
Speaker 2: And good morning. I'm Parrot Moscow alongside John Tucker. It

196
00:10:24,720 --> 00:10:27,559
Speaker 2: is day eighteen of the Iran War and golf Arab

197
00:10:27,679 --> 00:10:31,680
Speaker 2: nations are coming under renewed missile and drone fire from Iran,

198
00:10:31,760 --> 00:10:35,440
Speaker 2: which has been targeting regional oil infrastructure and vowing not

199
00:10:35,559 --> 00:10:39,520
Speaker 2: to relinquish its stranglehold on the strategic strait of horm moves.

200
00:10:39,920 --> 00:10:44,000
Speaker 2: Israel also launching new strikes on Iran and Lebanon, and

201
00:10:44,040 --> 00:10:46,280
Speaker 2: we want to talk more about this with Dan Williams,

202
00:10:46,320 --> 00:10:50,720
Speaker 2: Bloomberg Middle East Reporter in Jerusalem. Dan, good morning. So,

203
00:10:50,760 --> 00:10:52,640
Speaker 2: as we said, it looks like Iran is stepping up

204
00:10:52,720 --> 00:10:56,320
Speaker 2: attax on some key energy sides. What's the latest there.

205
00:10:57,720 --> 00:11:01,040
Speaker 10: Hi, Good morning, A very fast moving situation on day

206
00:11:01,240 --> 00:11:03,880
Speaker 10: eighteen of this war. It's not even three weeks old,

207
00:11:04,440 --> 00:11:07,240
Speaker 10: but it really is a dizzying set of developments, some

208
00:11:07,280 --> 00:11:10,680
Speaker 10: of which appears to have been anticipated by the United

209
00:11:10,720 --> 00:11:15,200
Speaker 10: States and Israel, some perhaps less anticipated when they launched

210
00:11:15,200 --> 00:11:19,240
Speaker 10: this war on February twenty eighth. The latest freshest reports

211
00:11:19,280 --> 00:11:24,559
Speaker 10: now is that the Israelis attacked overnight a safehouse in Tehran,

212
00:11:25,040 --> 00:11:29,040
Speaker 10: a long distance airstrike which killed the commander of the

213
00:11:29,080 --> 00:11:34,000
Speaker 10: Besiege that is, the all volunteer militia in Iran that's

214
00:11:34,040 --> 00:11:38,480
Speaker 10: helped the Iranian state enforced security and crack down on

215
00:11:38,600 --> 00:11:43,959
Speaker 10: protests going back years. The Besiege has a pretty colored

216
00:11:43,960 --> 00:11:48,760
Speaker 10: reputation for its tactics, and I imagine this killing, if confirmed,

217
00:11:49,040 --> 00:11:51,960
Speaker 10: will be very much welcomed by the Iranian opposition. It

218
00:11:52,080 --> 00:11:54,439
Speaker 10: might be a measure intended to help bring them out

219
00:11:54,480 --> 00:11:56,960
Speaker 10: to the streets in what the US and Israel hope

220
00:11:56,960 --> 00:12:01,600
Speaker 10: will be a organic internal toppling of the regime. Meanwhile,

221
00:12:01,600 --> 00:12:05,920
Speaker 10: the Iranians have been focusing their tax on energy assets,

222
00:12:06,120 --> 00:12:10,680
Speaker 10: especially among Gulf Arab neighbors. The UAE has been suffering

223
00:12:10,720 --> 00:12:15,679
Speaker 10: pain both when it comes to a depot for offloading

224
00:12:15,760 --> 00:12:20,240
Speaker 10: oil onto ships and also a field for gas and

225
00:12:20,320 --> 00:12:24,280
Speaker 10: sulfur exports west of Abu Dhabi in the desert. It's

226
00:12:24,320 --> 00:12:27,000
Speaker 10: feeling this on almost a daily basis. Is a cascade

227
00:12:27,440 --> 00:12:30,240
Speaker 10: of attacks that are definitely being felt in the world

228
00:12:30,400 --> 00:12:34,720
Speaker 10: energy markets and are making Gulf Arab neighbors calculate the

229
00:12:34,800 --> 00:12:39,040
Speaker 10: costs of this war, which is unprecedented in very many respects.

230
00:12:39,400 --> 00:12:42,040
Speaker 2: Yeah, we're also hearing Israel has been going further into

231
00:12:42,200 --> 00:12:45,559
Speaker 2: Lebanon as it continues to fight it's fight against Hezbolahs.

232
00:12:45,640 --> 00:12:48,520
Speaker 2: So are we continuing continuing to see that as well?

233
00:12:48,559 --> 00:12:52,720
Speaker 2: And really, how long can this drag on for Israel?

234
00:12:52,920 --> 00:12:54,719
Speaker 2: How are its defenses looking.

235
00:12:55,720 --> 00:12:58,080
Speaker 10: Well to hill to here? Israeli leaders tell it, just

236
00:12:58,120 --> 00:13:00,320
Speaker 10: like the Americans, they're in this for the long all.

237
00:13:00,679 --> 00:13:03,600
Speaker 10: They're in this to get the job done. The cost

238
00:13:03,640 --> 00:13:06,160
Speaker 10: calculation is obviously different. The United States is on the

239
00:13:06,160 --> 00:13:09,480
Speaker 10: other side of the world. It's mainly feeling this at

240
00:13:09,520 --> 00:13:11,760
Speaker 10: the gas pumps. It's mainly feeling this in terms of

241
00:13:11,800 --> 00:13:16,920
Speaker 10: a backlash of American popular opinion against the war, against

242
00:13:16,920 --> 00:13:20,400
Speaker 10: the president, including amongst some elements of his own party

243
00:13:20,440 --> 00:13:23,439
Speaker 10: who voted men in the hope he would draw down

244
00:13:23,880 --> 00:13:26,760
Speaker 10: US involvement in the Middle East and elsewhere in the world,

245
00:13:26,800 --> 00:13:30,440
Speaker 10: at least militarily in Israel. Meanwhile, there is strong popular

246
00:13:30,480 --> 00:13:34,600
Speaker 10: support for this war. Most Israeli see it as the

247
00:13:34,640 --> 00:13:37,920
Speaker 10: culminating point of a two and a half long war

248
00:13:38,280 --> 00:13:41,280
Speaker 10: on many fronts that began with that Hamas attack from

249
00:13:41,280 --> 00:13:44,840
Speaker 10: the Gaza strip Hamas being a member of an array

250
00:13:45,280 --> 00:13:49,480
Speaker 10: of Iranian backed assets and allies throughout the region who

251
00:13:49,559 --> 00:13:53,160
Speaker 10: share as a common cause preaching and hoping for and

252
00:13:53,200 --> 00:13:57,560
Speaker 10: working toward the ultimate destruction of Israel. But as you noted,

253
00:13:57,559 --> 00:14:00,360
Speaker 10: there is a second front for Israel in this war

254
00:14:00,400 --> 00:14:03,360
Speaker 10: in Iran, and that is against Hesboalo and Lebanon. Hesbela

255
00:14:03,400 --> 00:14:06,160
Speaker 10: has long been a very potent ally of Lebanon on

256
00:14:06,240 --> 00:14:09,480
Speaker 10: Israel's northern border. Now these really is a saying after

257
00:14:09,640 --> 00:14:13,839
Speaker 10: Hesbela reignited that front by firing on Israel a couple

258
00:14:13,920 --> 00:14:16,800
Speaker 10: days into this Iran war, these Raelies are saying they

259
00:14:16,800 --> 00:14:19,800
Speaker 10: plan to establish what they're calling a buffer zone in

260
00:14:19,920 --> 00:14:24,120
Speaker 10: southern Lebanon that would effectively mean a long term displacement

261
00:14:24,160 --> 00:14:27,600
Speaker 10: of hundreds of thousands of Lebanese civilians from the area.

262
00:14:27,960 --> 00:14:30,760
Speaker 10: These Raelies apparently hope to leverage this not only in

263
00:14:30,840 --> 00:14:36,000
Speaker 10: order to prevent Hesbla from threatening frontline Israeli villages in

264
00:14:36,040 --> 00:14:39,600
Speaker 10: the north, but also to pressure the Lebanese government into

265
00:14:39,720 --> 00:14:44,160
Speaker 10: finally carrying out a long promise crackdown internally against Hesbela

266
00:14:44,240 --> 00:14:45,000
Speaker 10: and disarming it.

267
00:14:46,840 --> 00:14:50,280
Speaker 2: This is Bloombergy Daybreak, your morning podcast on the stories

268
00:14:50,320 --> 00:14:53,360
Speaker 2: making news from Wall Street to Washington and beyond.

269
00:14:53,720 --> 00:14:56,120
Speaker 3: Look for us on your podcast feed by six am

270
00:14:56,200 --> 00:14:59,960
Speaker 3: Eastern each morning, on Apple, Spotify, or anywhere else you listen.

271
00:15:00,240 --> 00:15:03,120
Speaker 2: You can also listen live each morning starting at five

272
00:15:03,120 --> 00:15:05,840
Speaker 2: am Wall Street Time on Bloomberg eleven three to zero

273
00:15:05,840 --> 00:15:08,760
Speaker 2: in New York, Bloomberg in ninety nine to one in Washington,

274
00:15:08,840 --> 00:15:12,760
Speaker 2: Bloomberg ninety two nine in Boston, and nationwide on serious

275
00:15:12,960 --> 00:15:14,680
Speaker 2: XM Channel one twenty one.

276
00:15:14,880 --> 00:15:17,640
Speaker 3: Plus listen coast to coast on the Bloomberg Business app

277
00:15:17,720 --> 00:15:21,040
Speaker 3: now with Apple CarPlay and Android auto interfaces.

278
00:15:21,240 --> 00:15:24,280
Speaker 2: And don't forget to subscribe to Bloomberg News Now. It's

279
00:15:24,280 --> 00:15:27,040
Speaker 2: the latest news whenever you want it in five minutes

280
00:15:27,120 --> 00:15:30,240
Speaker 2: or less. Search Bloomberg News Now on your favorite podcast

281
00:15:30,280 --> 00:15:33,960
Speaker 2: platform to stay informed all day long. I'm Karen Moscow,

282
00:15:34,240 --> 00:15:34,960
Speaker 2: I'm John Tucker.

283
00:15:35,080 --> 00:15:37,160
Speaker 3: Join us again tomorrow morning for all the news you

284
00:15:37,200 --> 00:15:40,000
Speaker 3: need to start your day right here on Bloomberg day

285
00:15:40,000 --> 00:15:40,320
Speaker 3: Break