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Speaker 1: Good morning. I'm Brian Curtis and I'm Doug Prisner. Here

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Speaker 1: are the stories we're following today.

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Speaker 2: Israel has launched the next phase of its war against Hamas.

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Speaker 2: At Baxter has that story and more from the nine

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Speaker 2: to sixty news room in San Francisco.

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Speaker 3: Ed.

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Speaker 4: Yeah, Brian, you're right. It's moving with heavy force into

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Speaker 4: the south of Gaza. Now it says it has achieved

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Speaker 4: one third of its goal, and through a translator, Prime

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Speaker 4: Minister Benjamin that Yahoo says there should be no doubt

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Speaker 4: about the attacks force moving forward.

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Speaker 5: We are going to continue with the war until we

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Speaker 5: achieve all of its objectives. And you cannot achieve these

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Speaker 5: objectives without continuing the ground maneuver.

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Speaker 4: And that includes his Israel Defense forces going through Hamas

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Speaker 4: held territory, trying to root out Hamas and destroying their

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Speaker 4: tunnels primitive holes with ladders down inside. This is actual

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Speaker 4: footage from the scene. Now, IDF says it has eliminated

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Speaker 4: at five hundred of the eight hundred plus exposed shafts

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Speaker 4: and say they're near kindergartens, schools, playgrounds and mosques. More

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Speaker 4: than one hundred hostages have been freed. At least five

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Speaker 4: thousand Hamas fighter are dead. Along with that a threat

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Speaker 4: to civilians and future hostage releases. US National Security Council

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Speaker 4: spokesman John Kirby on ABC has heard here on Bloomberg says,

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Speaker 4: those negotiations, though, are going on.

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Speaker 6: We're working at this literally by the hour, the National

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Speaker 6: Security Council and all the way up the high levels

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Speaker 6: of the administration to try to see hour by hour

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Speaker 6: we can get these discussions back, going going forward to

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Speaker 6: see if we can get the pause back in place

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Speaker 6: and get the hostages out. But there's a constant effort

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Speaker 6: on the United States side.

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Speaker 4: And what is the end goal for the US.

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Speaker 6: What we want to see is a reformed PA or

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Speaker 6: revitalized Palestinian authority that can have a voice and some

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Speaker 6: measure of control over governance in Gaza.

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Speaker 4: And a perfect world well a two nations state. Yemen's

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Speaker 4: Huthis claim they have carried out targeted operations against two

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Speaker 4: Israeli warships in the Red Sea as well. A US

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Speaker 4: Pentagon has reported that a US warship, the USS Carney,

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Speaker 4: has also come under attack. The Hoothy statement says the

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Speaker 4: ship's ignored warnings. Indian Prime Minister Nearendrum, Modi's bid for

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Speaker 4: a third term in office has been strengthened. His party

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Speaker 4: has won three crucial state elections and unseated the opposition

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Speaker 4: in two of them. The results exceeded polling predictions. Philippines

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Speaker 4: Coastguard says it has monitored more than one hundred and

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Speaker 4: thirty five Chinese maritime militia vessels swarming around disputed Whitsun

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Speaker 4: reef in the South China Sea. The Philippines says the

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Speaker 4: vessels have not responded to radio contact. And when legendary

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Speaker 4: Kiss take the stage for the last time after a

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Speaker 4: fifty year career, well, they'll hand their legacy over to

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Speaker 4: three dimensional avatars that will continue playing and touring and

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Speaker 4: doing live concerts after well, kind of live concerts after

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Speaker 4: they retire. The band has agreed to let George Lucas

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Speaker 4: create avatars to perform Day US Rock and Roll concert

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Speaker 4: as Saturday at Madison Square Garden. The sources tell us

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Speaker 4: it'll probably take two to three years to organize the

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Speaker 4: Kiss avatar tour. Global News twenty four hours a day

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Speaker 4: and whatever you want with Bloomberg News Now in San Francisco.

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Speaker 4: I'm Ed Baxter and this is Bloomberg.

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Speaker 2: Brian ed thank you again. I'm Brian Curtis, along with

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Speaker 2: Doug Krisner. Vonnie Quinn, our colleague will join us a

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Speaker 2: bit later. Let's take a look at the top business

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Speaker 2: stories of the hour. FED chair J Powell is pushing

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Speaker 2: back against Wall Street's growing expectations of rate cuts in

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Speaker 2: the first half of twenty twenty four. Pal said, the

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Speaker 2: FED will proceed carefully.

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Speaker 7: It would be premature to conclude with confidence that we

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Speaker 7: have achieved a sufficiently restrictive stance, or to speculate on

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Speaker 7: when policy might ease. We are prepared to titan policy

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Speaker 7: further if it becomes appropriate to do so.

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Speaker 2: Pal signalled on Friday that FED officials expect to leave

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Speaker 2: rate steady when they meet December twelfth and thirteenth. A

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Speaker 2: slowing US economy and lower inflation have raised expectations that

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Speaker 2: the FED could cut interest rates as soon as March.

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Speaker 1: Well, we've got a merger deal in the air. This

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Speaker 1: is Alaska air Group agreeing to buy the parent of

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Speaker 1: Hawaiian Airlines and a multi billion dollar tie up. We

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Speaker 1: have the story from Bloomberg's to Nise Pellegrini.

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Speaker 8: Both boards have already approved this one point nine billion

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Speaker 8: dollar deal, including nine hundred million dollars in Hawaiian's debt,

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Speaker 8: and at the eighteen bucks a share that Alaska is paying,

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Speaker 8: this is a nice little weekend bonus for Hawaiian Air shareholders.

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Speaker 8: The stock closed under five dollars a share on Friday.

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Speaker 8: Hawaiian shares have been hammered this year on slow return

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Speaker 8: of tourism from Asia and also growing competition from Southwest

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Speaker 8: Airlines in the Hawaii to US market. Alaska has been

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Speaker 8: growing through mergers at outbid Jet Blue to acquire a

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Speaker 8: Virgin in twenty sixteen, and Bloomberg Intelligence says the Hawaiian

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Speaker 8: deal could win antitrust approval because there's little overlap in business,

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Speaker 8: and also prices on flights from Hawaii to mainland US

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Speaker 8: and to Asia could go down on the tie up.

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Speaker 8: Denise Pelligrinny Bloomberg Radio.

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Speaker 2: Well Climate Research is at the COP twenty eight meetings

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Speaker 2: in Dubai have laid out the stark math that humanity faces.

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Speaker 2: The Earth is heating so quickly it's almost inevitable to

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Speaker 2: overshoot the one point five degrees celsius threshold without major

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Speaker 2: cuts to fossil fuel use. That's according to a new

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Speaker 2: report that was released at the COP twenty eight summit,

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Speaker 2: we heard from Bill Gates, co chair at the Bill

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Speaker 2: and Melinda Gates Foundation.

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Speaker 3: No, we won't hit the aspirational targets. Well, you can

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Speaker 3: do the math on one point five, even two point

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Speaker 3: zero isn't that likely? Now, Fortunately, if you stay below three,

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Speaker 3: a lot of the ill effects that people have heard

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Speaker 3: about don't happen unless you really are irresponsible and let

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Speaker 3: it get up to the higher range.

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Speaker 2: Gates speaking there, global temperatures were about one point four

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Speaker 2: degrees celsius above the pre industrial average during the first

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Speaker 2: ten months of this year. That makes this the hottest

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Speaker 2: year on record according to the United Nations.

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Speaker 1: And also at COP twenty eight, Exonmobile and a Ramco

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Speaker 1: led a pledge by fifty oil and natural gas producers

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Speaker 1: to reduce greenhouse gases. Now this is a bit controversial.

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Speaker 1: Why well, none of the fifty intend to reduce overall

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Speaker 1: oil and gas production. Instead, they intend to cut emissions

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Speaker 1: from their own operations, and this means stemming the release

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Speaker 1: of methane, which happens to be one of the most

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Speaker 1: dangerous greenhouse gases. The aim here is to get methane

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Speaker 1: emissions to near zero by twenty twenty three. These companies,

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Speaker 1: by the way, have also agreed to stop routine flaring

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Speaker 1: of natural gas. Among the international oil companies pledging to

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Speaker 1: cut emissions, shell BP, Total Energies and occidental Petroleum notably

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Speaker 1: absent Chevron and Conoco, Philip Brian Well.

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Speaker 2: Chinese developer Evergrand has a final chance to avoid liquidation.

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Speaker 2: Bloomberg zivon Mann has the story from Hong Kong.

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Speaker 9: Evergram faces the court hearing in Hong Kong today over

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Speaker 9: a credit or request to wind up the company. The

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Speaker 9: lawsuit has lingered for eighteen months but is finally coming

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Speaker 9: to a head. Evergram must convince a judge that it

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Speaker 9: has a concrete debt restructuring plan, otherwise it faces liquidation.

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Speaker 9: In addition, there's a new twist to the case. Sources

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Speaker 9: say a group of offshore investors is demanding its debt

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Speaker 9: be swapped for a controlling stake in Evergrand and to

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Speaker 9: Hong Kong units. The liquidation hearing deadline today might prompt

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Speaker 9: Evergrd to offer more sweeteners to win over bondholders in

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Speaker 9: Hong Kong. I'm yvon Mann Bloomberg.

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Speaker 1: Radio Regulators in Beijing want provinces to come up with

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Speaker 1: our own plans to handle financial risk. We have that

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Speaker 1: story from Bloomberg's Joan Wong in Hong Kong.

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Speaker 10: China is calling for Taylor's policies, not a one side,

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Speaker 10: twits all approach. The so called one province one policy

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Speaker 10: idea was broached by leading regulator Lie junzh in a

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Speaker 10: Shinhua article. Lee as head of the National Financial Regulatory Administration.

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Speaker 10: The comments come about a month after officials pledged to

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Speaker 10: set up a mechanism to resolve local debt issues. Lee's

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Speaker 10: new approach may include name and shame responses. He said

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Speaker 10: the new push would focus on the people who cause

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Speaker 10: major risks and would rectify disruptive behavior in Hong Kong.

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Speaker 10: Juan Wong Bloomberg Radio.

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Speaker 2: Eleven minus passed the hour. This is Bloomberg Daybreak Asia.

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Speaker 2: I'm Brian Curtis along with Vonnie Quinn and joining us

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Speaker 2: now in our studios is Ian Fisher, Bloomberg Weekend Editor.

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Speaker 2: For more on the Israel hamas War. Ian, thank you

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Speaker 2: very much for coming on the show with us today.

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Speaker 2: So the US says that many civilians have died in Gaza,

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Speaker 2: too many, but it's not calling for a permanent ceasefire,

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Speaker 2: it wants better conduct from Israel in managing the war.

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Speaker 2: Are there signs that this is happening.

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Speaker 11: Well, you have a bunch of kind of I don't know,

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Speaker 11: opposing forces going on in this next phase of the war,

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Speaker 11: which is moving to the south, which is you know,

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Speaker 11: where Israel believes the top leaders of Hamas are, and

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Speaker 11: it is the hometown the Yah Yah Yah Sinhwar, who

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Speaker 11: is the head of Hamas's military wing. You have these

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Speaker 11: warnings from the US that says, look, you know you

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Speaker 11: basically you know, a lot of Gaza city in the

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Speaker 11: north was destroyed. You know, the Hamas Health Ministry says

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Speaker 11: fifteen thousand people have died, and you just you you

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Speaker 11: can't do that again. And that morning came from Anthony

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Speaker 11: Blincoln and even President Biden to some extent on down

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Speaker 11: and in terms of Israel, you know, paying attention there

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Speaker 11: doesn't US officials have given them some credits. They sorry

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Speaker 11: about that. They've basically carved up southern Gaza into these

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Speaker 11: little microzones and they're kind of they're warning people that like, look,

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Speaker 11: you know you live in you know one oh one,

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Speaker 11: please get to one oh four, because we're going to

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Speaker 11: attack one one oh one. I'm making that up, but

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Speaker 11: that's basically the idea. The idea. A problem is that

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Speaker 11: of the two point two million people who live in Gaza,

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Speaker 11: about one point eight million, according to the UN, are displaced.

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Speaker 11: A lot of them have gone to the south. So

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Speaker 11: now Israel is attacking, you know, uh, an area that

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Speaker 11: already had been very crowded and now as you know,

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Speaker 11: much more so after the fighting in the north. Added

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Speaker 11: to that, you have the fact that Israel you know,

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Speaker 11: is very very intent on destroying Hamas and to whatever

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Speaker 11: that takes. And today's the general the chiefs of staff

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Speaker 11: are the ideas that he didn't come out and say, look,

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Speaker 11: you know, we don't care about civilian I think they do. Uh,

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Speaker 11: But he said we're going to be fighting in the

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Speaker 11: south as scercely as we fought in the north. Uh

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Speaker 11: So uh, you know it takes from that what you will.

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Speaker 12: And how are the civilians getting this information? I mean

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Speaker 12: we know that flyers were dropped, for example, when they

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Speaker 12: were being told to go south. How are they figuring

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Speaker 12: out where they're supposed to go?

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Speaker 11: Now? It's very interesting and actually, you know, John Kirby

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Speaker 11: is one of the White House National security spokesmen, was

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Speaker 11: gave Israel credit for the way they're going about this.

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Speaker 11: I mean basically two ways. They have a map online

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Speaker 11: that has you know, blocked out all of the different

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Speaker 11: you know, microzones, and you know, INFORI of personal lives

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Speaker 11: in Gods, I can say, oh, I lived here, so

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Speaker 11: I better get out because they say they're going to attack.

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Speaker 11: And they also have been making phone calls. You know, Israel,

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Speaker 11: you know good intelligence and ability to maneuver that way

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Speaker 11: around Gaza. So that's you know, basically the waves. Now

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Speaker 11: we also have some reporting from US and from other

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Speaker 11: outlets that you know that those zones have not always

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Speaker 11: been respected. I mean some people have some people in

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Speaker 11: Gods have reported that, you know, they were told to

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Speaker 11: go to a place, but still there was some bombing there.

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Speaker 11: So you know, we just don't know. It's early days

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Speaker 11: for this, you know, second phase, which is in the South.

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Speaker 2: So what seems like harsh treatment, we don't know whether

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Speaker 2: or not that eventually causes the US to modify what

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Speaker 2: it wants to give to Israel in terms of firepower,

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Speaker 2: weapons and equipment. You had some pretty serious comments from

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Speaker 2: Centator Lindsay Graham today about about Lloyd Austin calling him naive.

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Speaker 11: Uh, yeah, no, I I have no crystal ball. You know,

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Speaker 11: there is a lot of support for you know, supporting

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Speaker 11: Israel militarily in Washington and in Congress. I think, you know,

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Speaker 11: the Biden administration is a little more cautious. A lot

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Speaker 11: of members of Congress are you know, much more I

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Speaker 11: don't want to say aggressive, are much more willing to

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Speaker 11: give Israel you know, the weaponry and you know other

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Speaker 11: assistance that it needs. So it's hard for me to

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Speaker 11: imagine a scenario in which, you know, the US completely

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Speaker 11: pulls back. But you know, there also have been very

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Speaker 11: clear warnings that you know, fifteen thousand people you know,

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Speaker 11: in one part of the war is just it's it's

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Speaker 11: it's too much. I mean, the quote that a lot

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Speaker 11: of them vieuses is one is too much. And if

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Speaker 11: that's repeated in the South, I mean, I think, you know,

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Speaker 11: it's going to be very difficult for the Biden administration,

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Speaker 11: which is already facing a lot of problems from you know,

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Speaker 11: groups that had voted for them, including you know, Muslims

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Speaker 11: and young people.

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Speaker 12: So we have about one hundred hostage just freed six

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Speaker 12: hostage swaps. Now where does it leave the other one?

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Speaker 12: Fifty Israeli hostages. That number, you know is give or take.

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Speaker 11: I'd say at the moment with Hamas and the other

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Speaker 11: groups that they've kind of farmed out hostages or who

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Speaker 11: had hostages after October the seventh, you know, talks broke

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Speaker 11: down late last week. Israel withdrew its mediators from Cutter,

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Speaker 11: you know, which is the nation that was you know,

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Speaker 11: had been doing the the mediating, you know, saying that

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Speaker 11: Hamas did not provide a list of hostages to be

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Speaker 11: swapped for prisoners. Hamas denied this, and they said several times,

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Speaker 11: including repeating it today, that they were finished with hostage

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Speaker 11: exchanges until the war is over or there was some

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Speaker 11: kind of permanent ceasefire. So id't look great right now? Yah?

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Speaker 2: Yeah, Thanks so much for your insights. Ian Fisher, Bloomberg

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Speaker 2: Weekend Editor, with us live here. This is Bloomberg Daybreak Asia.

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