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Speaker 1: Good morning. I'm Brian Curtis.

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Speaker 2: And I'm Doug Krisner. Here are the stories we're following today.

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Speaker 3: So you know, during trading yesterday we had the yield

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Speaker 3: on the tenure JGB get up to ninety five and

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Speaker 3: a half basis points, and of course the yen had

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Speaker 3: strengthened lot during the day and this kind of fell

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Speaker 3: apart after the BOJ announcement. Let's take a closer look here.

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Speaker 3: The BOJ maintained its negative policy rate. After the meeting,

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Speaker 3: the BOJ said it would take a more flexible approach

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Speaker 3: to controlling yields on tenure government debt, saying the one

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Speaker 3: percent level was now a reference point. Well, we got

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Speaker 3: some reaction from Yesper Cole, who's expert director at Monach's

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Speaker 3: Group Japan.

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Speaker 4: They've kept the anchor at zero at the front end,

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Speaker 4: but the long term infrast rates are now gradually allowed

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Speaker 4: to be going up. They've had a hardcap. Today's decision

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Speaker 4: means to have a soft cap. So it's like a

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Speaker 4: teacher that is no longer controlling, but that is supervising

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Speaker 4: it's students, which are the bunt markets here themselves.

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Speaker 2: So let's look at some of the other news after

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Speaker 2: the bell we heard today advanced to micro devices and

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Speaker 2: the company gave a lackluster or forecast for revenue. This

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Speaker 2: would be for the current quarter, so we're talking total

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Speaker 2: top line now between five point eight to six point

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Speaker 2: four billion. The company did site lower demand for gaming

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Speaker 2: and AMD is also expecting continued weakness and demand for

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Speaker 2: chips in the so called embedded market. This would be

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Speaker 2: things like automotive or networking systems. Here is Angelo Zino,

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Speaker 2: senior equity analyst at CFR Research.

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Speaker 5: I in terms of the outlook, it's definitely a little

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Speaker 5: bit light relative to where expectations are. And then you know,

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Speaker 5: I think the another key area and unknown is on

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Speaker 5: that embedded side. I think that's just largely this Islands

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Speaker 5: acquisition that they bought in the first half of last year,

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Speaker 5: and when you kind of look at that business, there's

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Speaker 5: definitely some pressure that looks like is arising here.

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Speaker 2: That's Angelo Zeno from CFRA Research. By the way, AMD

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Speaker 2: shares have been chopping around here in the late US

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Speaker 2: session right now essentially flat. This stock is up fifty

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Speaker 2: two percent so far this year. Brian Well Tesla share

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Speaker 2: is going the other direction.

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Speaker 3: Doug wiping out nearly a fifth of their value, or

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Speaker 3: some one hundred and thirty billion dollars in market gap

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Speaker 3: as demand for electric vehicles wanes. Tesla's shares are down

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Speaker 3: roughly seventeen percent since the company reported its third quarter

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Speaker 3: earnings less than two weeks ago, and as Bloomberg's Ed

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Speaker 3: Ludlow notes, demand for cars might not be the only

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Speaker 3: factor impacting the stock.

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Speaker 6: Is this interest rates showing up in the real world.

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Speaker 6: Is this interest rates kind of showing that those early

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Speaker 6: adopters for evs have been and gone, and that the

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Speaker 6: everyday person who's confronted with a choice to buy an

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Speaker 6: electric vehicle is saying not right now. And you know

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Speaker 6: broadly that in line with demand is the question the

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Speaker 6: market is posing right now.

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Speaker 3: That's Bloomberg's Ed Ludlow. Separately, Tesla did get a bit

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Speaker 3: of good news today when a jury in California ruled

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Speaker 3: that the company's autopilot technology was not responsible for a

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Speaker 3: crash that killed a driver four years ago.

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Speaker 2: We Work is reportedly planning to file for bankruptcy, maybe

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Speaker 2: as early as next week. The Wall Street Journal says

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Speaker 2: we Work may file its Chapter eleven petition in New Jersey. Now,

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Speaker 2: we Work has been holding conversations with creditors about improving

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Speaker 2: its balance sheet and taking steps to rationalize its real

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Speaker 2: estate footprint. On Monday, the company entered into a fourbearance

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Speaker 2: agreement with creditors. This will end in seven days now.

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Speaker 2: A spokesperson for we Work said, quote, we don't combent

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Speaker 2: on speculation.

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Speaker 3: FTX co founder Sam Bankman Freed has concluded testifying in

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Speaker 3: his fraud trial. Bloomberg's Tony Aarin said the judge grew

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Speaker 3: increasingly frustrated with Bankman Freed as cross examination wore on.

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Speaker 7: Generally he was admonished for not answering the question directly

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Speaker 7: or trying to reframe the question, and Judge Kaplan got

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Speaker 7: very tired of that. This morning yesterday, he started out

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Speaker 7: fairly well on that, but by the late afternoon he

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Speaker 7: had been admonished over a half dozen times. And that

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Speaker 7: just continued today.

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Speaker 3: That's Bloombergs Tony Erin's closing arguments are set for Wednesday.

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Speaker 3: The jury could get the case by Thursday afternoon.

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Speaker 2: We go to China next, where the People's Bank of

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Speaker 2: China is expected later today to inject more liquidity into

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Speaker 2: money markets. This would follow a big surge in interest

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Speaker 2: rates on Tuesday.

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Speaker 1: In China.

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Speaker 2: We have more on the story from Bloomberg's Juan Wong.

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Speaker 8: In Hong Kong, a source close to the PBOC says

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Speaker 8: the Central Bank will likely inject added liquidity into money markets.

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Speaker 8: The move comes as state media blamed unidentified financial institutions

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Speaker 8: for disturbing the markets. The sources rates will likely retreat

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Speaker 8: toward levels used in the pboc's regular open market operations.

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Speaker 8: A report by CCTV had blamed some institutions for depending

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Speaker 8: too much on rollover financing and creating liquidity risks. Funding

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Speaker 8: costs in China's money markets have shot up in recent

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Speaker 8: weeks due to large amounts of government bond issuance and

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Speaker 8: tax payments. The source said, overall liquidity in the banking

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Speaker 8: system is relatively abundant. In Hong Kong, joined Wong Bloomberg Radio.

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Speaker 1: Now it's time for global news.

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Speaker 3: Israel is saying that it's ground defensive into Gaza is

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Speaker 3: going very well. At Baxter has that story and more

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Speaker 3: from the nine to sixty newsroom in San Francisco.

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Speaker 9: Ed.

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Speaker 10: Yeah, that's right, Brian.

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Speaker 11: It says it's systematically dismantling hamas IDF Lieutenant Colonel John

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Speaker 11: Karnika says that Hamas is no match for Israeli troops.

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Speaker 12: This operation was, of course the result of meticulous intelligence collection,

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Speaker 12: planning and execution on the ground, done together with the

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Speaker 12: IDF and the ISA, our equivalent of FBI.

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Speaker 11: Meanwhile, Hamas says it will release a number of captives

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Speaker 11: within days. This As reports dozens of people killed and

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Speaker 11: wounded at a Gaza refugee camp, victims of a series

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Speaker 11: of Israeli air strikes. Israel Command says it's a large

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Speaker 11: Hamas infrastructure, it's targeted and killed a senior leader. Meanwhile,

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Speaker 11: Egypt says it's ready to allow more humanitarian aid trucks

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Speaker 11: through the Rafa border and usaid to Israel and Ukraine.

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Speaker 11: Front and center in Congress today is Senator Secretary of

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Speaker 11: State Anthony Blink and a Defense Secretary of Lloyd Austin.

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Speaker 11: In front. Blincoln saying aid for both needs to go forward. Now.

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Speaker 13: If we start to peel off pieces of this package,

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Speaker 13: they'll see that, they'll understand that we are playing wackam

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Speaker 13: oil while they cooperate increasingly and pose an ever greater

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Speaker 13: threat to our security as well as for that of

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Speaker 13: ours and partners.

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Speaker 11: And Austin says, it helps us production.

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Speaker 10: When we send our friends munitions from our stock files.

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Speaker 10: The money to replenish our supplies strengthens our military readiness,

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Speaker 10: and we invest in American industry and American workers. That

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Speaker 10: also holds true for funding for Israel or Ukraine to

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Speaker 10: procure a new equipment off the production line.

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Speaker 11: Now, New House Speaker Michael Johnson says, the Israel Israeli

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Speaker 11: money will be taken from IRS and forcement.

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Speaker 7: We about sixty seven billion dollars in that fund, and

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Speaker 7: we'll try to take the fourteen point five necessary for

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Speaker 7: this immediate and urgent need.

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Speaker 1: We'll deal with the rest of that issue.

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Speaker 11: Later, which Bloomberg Government reporter Jack Fitzpatrick says, that's not

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Speaker 11: going to work.

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Speaker 1: For Democrats in the Senate. It's a non starter.

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Speaker 3: Chuck Schumer, Ben Carden, a variety of Democrats have said

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Speaker 3: absolutely that is not happening.

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Speaker 11: So all funding has been slowed. Meanwhile, the Senate has

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Speaker 11: confirmed Jack Lou to be the nation's ambassador to Israel.

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Speaker 11: Lou expected to play a major role in the Biden

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Speaker 11: policy in the region. President Biden and Chinese President Chi

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Speaker 11: Himping will have a face to face meeting next month.

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Speaker 11: White House pokesman Kareeine Jean Pierre says it will be

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Speaker 11: a difficult situation and conversation.

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Speaker 2: That's what the President is going is going to be

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Speaker 2: doing and having a tough conversation, but important conversation.

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Speaker 11: Yeah, Pierre says, wouldn't go into tails on expectations. It'll

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Speaker 11: be on the sidelines of APEX here in San Francisco,

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Speaker 11: and the US military says that it's going to buy

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Speaker 11: fish from Japan's Fukushima area for military food. Ambassador Ram

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Speaker 11: Emanuel says, a dual purpose for the purchase.

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Speaker 2: The best way we have proven in all the instances

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Speaker 2: to kind of wear out China's economic coercion is come

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Speaker 2: to the aid and assistance of the targeted country or industry.

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Speaker 11: Emanuel says. A bulk buy global news twenty four hours

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Speaker 11: a day and whenever you want it with Bloomberg News

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Speaker 11: Now in San Francisco. I'm Ed Baxter, and this is Bloomberg.

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Speaker 1: This is Bloomberg Daybreak Asia.

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Speaker 3: I'm Brand Curtis along with Rashad Salamat, and our guest

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Speaker 3: is Larry Liebert, Bloomberg editor on the International Economics and

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Speaker 3: Security Team, with a closer look at the Israel Hamas war. Larry,

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Speaker 3: thanks very much for taking out the time to be

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Speaker 3: with us. So the Rougher border crossing is set to

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Speaker 3: open today on the Wednesday, to let wounded Palestinians leave,

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Speaker 3: and Egypt says it will take in more. It will

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Speaker 3: allow more aid trucks in and take more wounded prisoners out.

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Speaker 3: This would seem to be a fairly major development.

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Speaker 9: It would be if it all occurs as plan. There's

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Speaker 9: been a lot of frustration on all sides really about

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Speaker 9: the volume of aid, about the ability to use the

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Speaker 9: crossing because you have so many players. You not only

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Speaker 9: have Egypt, which is cautious about taking in anyone on

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Speaker 9: their side, and you have Israel which fields and have

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Speaker 9: to inspect every truck. But there clearly is a need

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Speaker 9: for the humanitarian aid. All sides agree in principle it'll

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Speaker 9: be significant if that starts to deliver.

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Speaker 14: So, I mean, while we do that, you know, we've

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Speaker 14: also got the United States as well as Israel, just

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Speaker 14: seeing the possibility of perhaps using.

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Speaker 1: Peacekeepers on the Gaiza strip.

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Speaker 14: Once Israel fulfills well, perhaps the thinks it's fulfilled its

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Speaker 14: goals of iradegating Hamas from the territory.

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Speaker 9: Yes, our reporters Peter Martin and Jennifer Jacobs broke a

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Speaker 9: story that the administration is starting to talk privately and

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Speaker 9: cost about what would happen if Hamas is indeed destroyed,

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Speaker 9: as Israel vows who would then run the Gaza Strip,

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Speaker 9: and people in the administration were very quietly talking about options,

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Speaker 9: including a multinational force. It would even involve American troops

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Speaker 9: or some sort of UN supervision. The problem being that

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Speaker 9: there is no obvious successor to Hamas, which has governed

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Speaker 9: the Gaza Strip for years now.

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Speaker 3: Yet at the same time, the US is sending three

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Speaker 3: hundred more troops to the Middle East. What's the nature

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Speaker 3: of that deployment.

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Speaker 9: Well, I think they've made clear they are not going

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Speaker 9: to Israel. They sent nine hundred earlier, now three hundred

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Speaker 9: more to bolster the American presence in the region generally,

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Speaker 9: and I think that pained mostly at the increase in

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Speaker 9: drone and other attacks by Iran Act militias in the

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Speaker 9: region on the US wants a greater show of force

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Speaker 9: and to be able to respond there, so they're emphasizing

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Speaker 9: that presence, but saying that those those American troops aren't

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Speaker 9: going into Israel.

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Speaker 14: Tell me something here, Larry, is it now? Perhaps given

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Speaker 14: in the mood music and the noise coming out of

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Speaker 14: the territory, oh I said the region that the chances

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Speaker 14: of the wider conflict because you just did mention Iran

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Speaker 14: perhaps the.

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Speaker 9: Receding perhaps, and yet you know it could it could

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Speaker 9: all blow up. Yet there is some sense that Cutters,

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Speaker 9: playing a mediator's role as it often tries to do

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Speaker 9: that are on while making threats, may not be eager

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Speaker 9: to expand this war. They did, it would be by

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Speaker 9: backing attacks by Hesbala the north, but also perhaps the

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Speaker 9: attacking US interests in the Gulf. So that's still there.

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Speaker 9: But at the moment it appears that this is not

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Speaker 9: widening beyond the very fierce fighting going on in Gaza.

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Speaker 9: Israel said that it killed a senior leader of Hamas

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Speaker 9: and targeted Hamas infrastructure. I think Israel is saying that,

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Speaker 9: you know, he wants to eliminate or to rid the

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Speaker 9: Gaza strip of Hamas. What does that mean is that

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Speaker 9: would it be like cutting off the head of the

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Speaker 9: snake or do they want the entire snake? Well, they

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Speaker 9: want the entire snake. In that they feel that there

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Speaker 9: is such a broad presence of Hamas that they need

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Speaker 9: to make it destroyed as an effective fighting force and

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Speaker 9: a threat in the future. Now one of the problems

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Speaker 9: again they says it killed the senior leader today. But

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Speaker 9: on the other hand, in Gaza, their reports a dozens

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Speaker 9: were killed and wounded in an attack and a refugee camp.

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Speaker 9: And this is the challenge in that very clearly that

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Speaker 9: Hamas permeates Gaza and Hamas fighters very significantly, very purposefully

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Speaker 9: exist among the civilians, and so that gives Israel a

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Speaker 9: very tough challenge in terms of human rights and the

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Speaker 9: rights of civilians in warfare. It is interesting that the

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Speaker 9: US is increasing the mood music now saying we back Israel.

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Speaker 9: They need to do what they're going to do, but

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Speaker 9: they really have to protect human rights. I was just

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Speaker 9: noting what it used to be called a tweet from

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Speaker 9: Matthew Miller of the State Department suppos who does Now

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Speaker 9: it's simply said protecting civilians from harm and getting them

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Speaker 9: humanitarian assistance is vital to Israel's security period. So that

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Speaker 9: emphasis is being increased even as the US says Israel

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Speaker 9: needs to do what it has to do in terms

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Speaker 9: of destroying them off, and that tension is growing.

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Speaker 3: Just briefly, un envoy for Sirius said that this was

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Speaker 3: already spilling over into Syria in thirty seconds or so.

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Speaker 1: What's happening there?

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Speaker 9: Oh, well, I think we're seeing some again because the

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Speaker 9: rainy and support. We're seeing some activity there, We're seeing

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Speaker 9: activity elsewhere in the region, and the tensions are there.

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Speaker 9: As you mentioned, there doesn't at least for today, and

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Speaker 9: there seems to be a little easing off. Some of

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Speaker 9: that is determined by what Iran decides to do.

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Speaker 3: Yeah, all right, Larry, thanks so much. Ji Ye it's

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Speaker 3: a big question. Yeah, very big question. Larry Lieber joining

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