WEBVTT - Israel, Hamas Extend Pause, New Saudi OPEC+ Proposal

0:00:02.400 --> 0:00:05.320
<v Speaker 1>Good morning. I'm Brian Curtis. Here are the stories we're

0:00:05.360 --> 0:00:08.680
<v Speaker 1>following today. Israel and Hamas have agreed to extend the

0:00:08.720 --> 0:00:11.840
<v Speaker 1>pause in fighting for another ten days, and there are

0:00:11.920 --> 0:00:15.360
<v Speaker 1>even more developments at Baxter has the story from San Francisco.

0:00:15.480 --> 0:00:18.640
<v Speaker 2>Ed, Yeah, two more days, Brian, two more days. Israel

0:00:18.720 --> 0:00:22.040
<v Speaker 2>says eleven more hostages returned today and says it is

0:00:22.079 --> 0:00:25.560
<v Speaker 2>approved fifty female prisoners for possible release to Hamas. Now

0:00:25.560 --> 0:00:29.240
<v Speaker 2>that means until Thursday this week more and follows more

0:00:29.360 --> 0:00:33.520
<v Speaker 2>negotiations over the release of more hostages and prisoners. Bloomberg's

0:00:33.600 --> 0:00:37.800
<v Speaker 2>Kaylee Lyons points out any pause is only temporary.

0:00:37.320 --> 0:00:40.440
<v Speaker 3>And as we're talking about a ceasefire, temporary one extending

0:00:40.479 --> 0:00:43.760
<v Speaker 3>for whatever period of time. Again reportedly now an extra

0:00:43.840 --> 0:00:46.440
<v Speaker 3>two days being tacked onto what was a four day ceasefire.

0:00:46.800 --> 0:00:49.519
<v Speaker 3>Netanyahu has said repeatedly that at the end of this

0:00:49.680 --> 0:00:52.120
<v Speaker 3>the war will continue, the fighting will continue. He is

0:00:52.159 --> 0:00:55.080
<v Speaker 3>going to keep going intel Hamas is eliminated. So right

0:00:55.120 --> 0:00:57.920
<v Speaker 3>now the ceasefire is still very much temporary, even if

0:00:57.920 --> 0:00:59.000
<v Speaker 3>it is just a little bit longer.

0:00:59.160 --> 0:01:01.840
<v Speaker 2>Yeah, with a pause extension, there are concerns. White House

0:01:01.920 --> 0:01:06.200
<v Speaker 2>National Security spokesman John Kirby admits it does provide Hamas

0:01:06.240 --> 0:01:08.679
<v Speaker 2>with an opportunity to regroup. You have to expect the.

0:01:08.680 --> 0:01:12.319
<v Speaker 4>Group like Commosit terrorist group, which clearly doesn't abide by

0:01:12.400 --> 0:01:14.520
<v Speaker 4>laws of war. We try to take advantage of any

0:01:14.520 --> 0:01:16.800
<v Speaker 4>pause in the fighting for their own benefit. So we're

0:01:16.959 --> 0:01:19.560
<v Speaker 4>watching that closely as well as our Israeli counterparts. You

0:01:19.600 --> 0:01:21.640
<v Speaker 4>can bet that they're watching that closely.

0:01:22.120 --> 0:01:24.440
<v Speaker 2>But that said, he says, the US would like to

0:01:24.440 --> 0:01:25.959
<v Speaker 2>see continued hostage release.

0:01:26.080 --> 0:01:28.800
<v Speaker 4>We would, of course hope to see the pause extended further,

0:01:29.480 --> 0:01:32.480
<v Speaker 4>and that will depend upon Hamas continuing to release hostages.

0:01:33.000 --> 0:01:35.839
<v Speaker 2>Yeah, And Secretary of State Anthony Blincoln says he will

0:01:36.080 --> 0:01:38.600
<v Speaker 2>go back to Israel this week, his third visit since

0:01:38.640 --> 0:01:40.960
<v Speaker 2>the war began, and we'll tie it to a visit

0:01:41.000 --> 0:01:43.720
<v Speaker 2>to Dubai for a COP twenty eight. So how does

0:01:43.720 --> 0:01:47.559
<v Speaker 2>this affect the Israeli aid calculus in the US? Well,

0:01:47.640 --> 0:01:50.120
<v Speaker 2>that is, Congress has expected a resumed debate this week.

0:01:50.120 --> 0:01:53.480
<v Speaker 2>Bloomberg's Jordan Fabian says, up in the air.

0:01:53.400 --> 0:01:55.840
<v Speaker 5>That's a shift before in the beginning, when this is

0:01:56.160 --> 0:01:58.600
<v Speaker 5>first proposed, said you know, we're going to help Israel

0:01:58.600 --> 0:02:01.840
<v Speaker 5>and no streets attached. But since then this offensive has

0:02:01.880 --> 0:02:04.480
<v Speaker 5>taken place in Gaza, a lot of Pala sittings have died,

0:02:04.840 --> 0:02:08.120
<v Speaker 5>Whole cities have been leveled, and so the mood has

0:02:08.160 --> 0:02:11.320
<v Speaker 5>turned among Democrats. They want to see some concessions here.

0:02:11.960 --> 0:02:15.040
<v Speaker 5>But then the calculus get tough because Republicans don't want

0:02:15.080 --> 0:02:15.959
<v Speaker 5>to see concessions.

0:02:16.160 --> 0:02:18.959
<v Speaker 2>And Elon Musk has been on Israel, touring and talking

0:02:19.000 --> 0:02:22.079
<v Speaker 2>with Prime Minister Benjamin Nette. Yahoo Bloomberg's ed Ledlow.

0:02:22.160 --> 0:02:26.520
<v Speaker 6>Musk said that he'd like to help rebuild Gaza at

0:02:26.560 --> 0:02:30.160
<v Speaker 6>the conclusion of the Israel jamaz war, and you know,

0:02:30.240 --> 0:02:33.880
<v Speaker 6>he basically said that he was disturbed by some of

0:02:33.919 --> 0:02:36.160
<v Speaker 6>the images that he'd seen. You're looking at pictures there

0:02:36.200 --> 0:02:38.680
<v Speaker 6>of Elon Musk with Benjaminette and Yahoo.

0:02:38.760 --> 0:02:41.320
<v Speaker 2>Yeah. Musk also visiting Israel in the shadow with an

0:02:41.320 --> 0:02:43.400
<v Speaker 2>at a Semitic post on X and the loss of

0:02:43.440 --> 0:02:47.320
<v Speaker 2>a number of high profile advertisers. President Joe Biden, meanwhile,

0:02:47.360 --> 0:02:51.680
<v Speaker 2>taking credit for easing supply chain pressures and lowering inflation today, says,

0:02:51.720 --> 0:02:53.400
<v Speaker 2>but more needs to be done.

0:02:53.440 --> 0:02:57.000
<v Speaker 7>Let me be clear, any corporation has not brought their

0:02:57.000 --> 0:03:00.400
<v Speaker 7>prices back down even as inflation has come down. Eating

0:03:00.520 --> 0:03:04.160
<v Speaker 7>supply chains have been rebuilt. It's time to stop the

0:03:04.440 --> 0:03:07.919
<v Speaker 7>price gouging given the American consumer a break.

0:03:08.280 --> 0:03:10.760
<v Speaker 2>Biden also says he's set up a council review supply

0:03:10.880 --> 0:03:14.400
<v Speaker 2>chain actions, calling it an early warning system. Global News

0:03:14.440 --> 0:03:16.800
<v Speaker 2>twenty four hours a day and whenever you want it

0:03:16.800 --> 0:03:20.160
<v Speaker 2>with Bloomberg News now in San Francisco. I'm Ed Baxter,

0:03:20.280 --> 0:03:21.919
<v Speaker 2>and this is Bloomberg.

0:03:21.400 --> 0:03:24.320
<v Speaker 1>Brian, and thanks very much, with Brian Curtis and Vonnie

0:03:24.360 --> 0:03:27.200
<v Speaker 1>Quinn of course, said backstraw News. Now, it's time for

0:03:27.240 --> 0:03:31.160
<v Speaker 1>the top business and economic stories. Saudi Arabia is asking

0:03:31.200 --> 0:03:34.720
<v Speaker 1>others in OPEK Plus to reduce their oil production quotas

0:03:34.960 --> 0:03:37.080
<v Speaker 1>we get the story from Bloomberg's and CADS.

0:03:37.520 --> 0:03:40.720
<v Speaker 8>Saudi Arabia has been making a largely unilateral supply cut

0:03:40.760 --> 0:03:43.200
<v Speaker 8>back of one million barrels a day since July and

0:03:43.320 --> 0:03:46.160
<v Speaker 8>is now seeking further support from other OPEC plus members,

0:03:46.280 --> 0:03:49.360
<v Speaker 8>but some countries are resisting. The twenty three nation alliance

0:03:49.360 --> 0:03:52.480
<v Speaker 8>faces pressure to intervene in crude markets following a seventeen

0:03:52.520 --> 0:03:55.320
<v Speaker 8>percent drop in prices over the past two months. Amid

0:03:55.360 --> 0:03:59.360
<v Speaker 8>plentiful stockpiles and a darkening economic backdrop. The oil market

0:03:59.360 --> 0:04:02.240
<v Speaker 8>could weaken the more in twenty twenty four, with forecasts

0:04:02.240 --> 0:04:06.480
<v Speaker 8>of a new supply surplus in Washington and Kate's Bloomberg Radio.

0:04:07.600 --> 0:04:10.320
<v Speaker 9>Online shoppers are clicking their way to big savings for

0:04:10.400 --> 0:04:12.680
<v Speaker 9>Cyber Monday, and then this comes as buy now, pay

0:04:12.720 --> 0:04:16.040
<v Speaker 9>later features or letting shoppers stretch thereabouts. It's with credit.

0:04:16.320 --> 0:04:19.080
<v Speaker 9>Bloomberg's Spencer Sober says expectations are high.

0:04:19.480 --> 0:04:22.159
<v Speaker 1>Earlier they were predicting about twelve billion in sales, and

0:04:22.240 --> 0:04:26.440
<v Speaker 1>that's from Adobe, which monitors insights from by hundreds of

0:04:26.440 --> 0:04:27.599
<v Speaker 1>millions of transactions.

0:04:27.880 --> 0:04:29.640
<v Speaker 10>Nave up that to twelve point four billion.

0:04:29.680 --> 0:04:32.880
<v Speaker 3>Now based on the strength of the consumer on Black

0:04:32.920 --> 0:04:36.320
<v Speaker 3>Friday into the weekend, they're seeing the consumer being more resilient.

0:04:37.800 --> 0:04:40.960
<v Speaker 9>That's Bloomberg's Spencer Sober there. The holiday weekend already saw

0:04:41.120 --> 0:04:45.160
<v Speaker 9>record online spending. Black Friday sales top analyst projections at

0:04:45.240 --> 0:04:47.480
<v Speaker 9>nine point eight billion dollars. That's up seven and a

0:04:47.520 --> 0:04:50.560
<v Speaker 9>half percent from a year ago. The National Retail Federation

0:04:50.720 --> 0:04:53.359
<v Speaker 9>estimates one hundred and eighty two million people will have

0:04:53.400 --> 0:04:56.839
<v Speaker 9>shopped in store and online from Thanksgiving Day through the

0:04:56.920 --> 0:04:57.880
<v Speaker 9>end of Cyber Monday.

0:04:58.760 --> 0:05:02.120
<v Speaker 1>Meantime, Amazon's proper hoosed acquisition of I Robot has hit

0:05:02.160 --> 0:05:05.960
<v Speaker 1>a potential snag in Europe. More from Bloomberg Samuel Stalton.

0:05:06.320 --> 0:05:08.760
<v Speaker 11>The European Commission has issued what is known as a

0:05:08.800 --> 0:05:13.520
<v Speaker 11>statement of objections, and this effectively means that the Commission

0:05:13.560 --> 0:05:18.679
<v Speaker 11>outlines a series of anti competitive concerns with the merger.

0:05:18.920 --> 0:05:22.280
<v Speaker 11>It doesn't necessarily prejudge the outcome of the investigation, but

0:05:22.360 --> 0:05:25.120
<v Speaker 11>it calls upon the firms to address some of those

0:05:25.120 --> 0:05:30.240
<v Speaker 11>anti competitive concerns or risk the deal being derailed.

0:05:31.200 --> 0:05:34.120
<v Speaker 1>That's Bloomberg Samuel Stalton, and the shares were hammered. I'll

0:05:34.120 --> 0:05:36.520
<v Speaker 1>get to the numbers for you in a moment. Last week,

0:05:36.560 --> 0:05:39.400
<v Speaker 1>Reuter's had reported that Amazon and iRobot appeared on the

0:05:39.400 --> 0:05:43.400
<v Speaker 1>cusp of winning unconditional approval from the European Commission. At

0:05:43.400 --> 0:05:46.599
<v Speaker 1>that time, the stock jumped, but today I Robot shares

0:05:46.640 --> 0:05:50.000
<v Speaker 1>down seventeen percent, the biggest intra day drop in nearly

0:05:50.080 --> 0:05:51.000
<v Speaker 1>three years.

0:05:51.440 --> 0:05:54.240
<v Speaker 9>Reddit is leading a class of twenty twenty four candidates

0:05:54.279 --> 0:05:56.800
<v Speaker 9>testing the waters for an initial public offering in the

0:05:56.880 --> 0:05:59.640
<v Speaker 9>United States. We're told the social media company as again

0:05:59.680 --> 0:06:03.359
<v Speaker 9>hold talks with potential investors for an IPO, and that

0:06:03.440 --> 0:06:06.200
<v Speaker 9>IPO could come as soon as the first quarter last year,

0:06:06.279 --> 0:06:08.839
<v Speaker 9>we reported that Reddit was working with Morgan Stanley and

0:06:08.839 --> 0:06:12.359
<v Speaker 9>Goldman Sachs on the listing. Separately, we hear Rubric, a

0:06:12.440 --> 0:06:16.320
<v Speaker 9>Microsoft backed cloud and data security startup, is also considering

0:06:16.360 --> 0:06:18.799
<v Speaker 9>holding its IPO as soon as in the first quarter,

0:06:19.160 --> 0:06:22.840
<v Speaker 9>and we're told Kim Karnashian's Skims underwear label is discussing

0:06:22.839 --> 0:06:26.080
<v Speaker 9>strategy options, including an IPO that could come as soon

0:06:26.120 --> 0:06:26.680
<v Speaker 9>as next year.

0:06:27.600 --> 0:06:30.400
<v Speaker 1>And The Wall Street Journal reported just an hour or

0:06:30.480 --> 0:06:33.680
<v Speaker 1>so ago that the fast fashion Chinese company shu In

0:06:34.279 --> 0:06:39.160
<v Speaker 1>has confidentially filed for a US IPO. Well, China's Central

0:06:39.160 --> 0:06:41.960
<v Speaker 1>Bank says it will press the country's banks to lower

0:06:42.120 --> 0:06:45.479
<v Speaker 1>real lending rates. Bloomberg Yvon Mann has the story in

0:06:45.520 --> 0:06:46.039
<v Speaker 1>Hong Kong.

0:06:46.560 --> 0:06:50.880
<v Speaker 12>The Central Bank's position is clear. Deflation has effectively pushed

0:06:50.960 --> 0:06:54.400
<v Speaker 12>up borrowing costs in price adjusted terms, and that has

0:06:54.440 --> 0:06:58.599
<v Speaker 12>stow concerns that real debt burdens will rise, undermining growth.

0:06:59.040 --> 0:07:01.800
<v Speaker 12>As a result, wants banks to do more to smooth

0:07:01.839 --> 0:07:05.840
<v Speaker 12>out volatility in their lending activity. That said, in its

0:07:05.839 --> 0:07:09.960
<v Speaker 12>third quarter Monetary policy report, the PBOC played down concerns

0:07:10.000 --> 0:07:13.400
<v Speaker 12>about deflation. It said, don't read too much into single

0:07:13.440 --> 0:07:17.560
<v Speaker 12>month credit data. A recent Bloomberg survey showed economists expect

0:07:17.640 --> 0:07:20.920
<v Speaker 12>China to wait until early next year to lower policy

0:07:21.000 --> 0:07:24.600
<v Speaker 12>rates after two cuts this year. In Hong Kong, I'm

0:07:24.720 --> 0:07:26.320
<v Speaker 12>von Mann Bloomberg.

0:07:25.960 --> 0:07:30.600
<v Speaker 9>Radio iphonemaker Honhai is expanding its footprint in India with

0:07:30.680 --> 0:07:34.480
<v Speaker 9>another one point six billion dollar investment. Bloomberg Joan Wong

0:07:34.640 --> 0:07:35.640
<v Speaker 9>has more from Hong Kong.

0:07:36.120 --> 0:07:38.560
<v Speaker 10>Han Hi says a huge budgeted expense will be used

0:07:38.600 --> 0:07:42.360
<v Speaker 10>for construction projects and what it calls operational needs, but

0:07:42.400 --> 0:07:46.239
<v Speaker 10>the company did not identify any locations. Honghai is among

0:07:46.280 --> 0:07:49.920
<v Speaker 10>many firms looking to diversify its business outside of China

0:07:50.120 --> 0:07:53.840
<v Speaker 10>due to geopolitical concerns. In September, the company set on

0:07:53.880 --> 0:07:56.520
<v Speaker 10>LinkedIn it planned to double the size of this business

0:07:56.560 --> 0:08:00.160
<v Speaker 10>in India. Fox Con already operates nine production camp as

0:08:00.160 --> 0:08:02.680
<v Speaker 10>it's there, and sales in the country run to about

0:08:02.760 --> 0:08:04.520
<v Speaker 10>ten billion dollars annually.

0:08:04.840 --> 0:08:05.440
<v Speaker 8>In Hong Kong.

0:08:05.520 --> 0:08:07.000
<v Speaker 10>To end long Bloomberg Radio.

0:08:07.480 --> 0:08:10.360
<v Speaker 1>Joining us now on the program is Larry Lieberg, Bloomberg

0:08:10.480 --> 0:08:14.640
<v Speaker 1>Editor on International Economics and Security team at Bloomberg, to

0:08:14.720 --> 0:08:17.120
<v Speaker 1>discuss the latest with Israel and Tomas.

0:08:17.280 --> 0:08:17.600
<v Speaker 10>Larry.

0:08:17.840 --> 0:08:19.840
<v Speaker 1>Great to have you with us. The pause is a

0:08:19.880 --> 0:08:23.520
<v Speaker 1>good thing. Let's hope it continues. Can we make the

0:08:23.640 --> 0:08:26.600
<v Speaker 1>jump in saying we don't know what both sides are thinking,

0:08:26.640 --> 0:08:30.040
<v Speaker 1>but can we sort of guess that both sides are

0:08:30.040 --> 0:08:32.720
<v Speaker 1>a bit tired of fighting, but there's just no easy

0:08:32.760 --> 0:08:33.200
<v Speaker 1>way out.

0:08:34.240 --> 0:08:38.400
<v Speaker 13>That's exactly true, and they're tired enough at least for

0:08:38.520 --> 0:08:44.880
<v Speaker 13>the moment that they're extending their agreement to swap hostages

0:08:45.240 --> 0:08:51.280
<v Speaker 13>for prisoners. And today, as planned, there was another exchange.

0:08:51.320 --> 0:08:56.520
<v Speaker 13>Eleven freed hostages arrived in Israel, and in the rather

0:08:56.840 --> 0:08:59.679
<v Speaker 13>elaborate one to three ratio of these deals, thirty three

0:08:59.720 --> 0:09:07.319
<v Speaker 13>pound Allestinians were released from imprisonment by Israel. But the

0:09:07.440 --> 0:09:11.000
<v Speaker 13>lasting impact of this because of the question you suggest,

0:09:11.240 --> 0:09:14.280
<v Speaker 13>and everybody's founded in their interest to extend this for

0:09:14.360 --> 0:09:17.439
<v Speaker 13>two more days, so rather than ending tomorrow, it'll go

0:09:17.800 --> 0:09:22.800
<v Speaker 13>through Thursday. Is there hope after that? Biden and others

0:09:22.800 --> 0:09:26.240
<v Speaker 13>certainly say so, And they also emphasize the improvement not

0:09:26.480 --> 0:09:30.080
<v Speaker 13>enough UN experts would tell you, but an improvement in

0:09:30.120 --> 0:09:33.600
<v Speaker 13>the delivery of humanitarian supplies to Gaza.

0:09:33.600 --> 0:09:37.679
<v Speaker 9>How are the calculations made, though, Larry, Because if Israel

0:09:37.880 --> 0:09:41.040
<v Speaker 9>is declaring that it will not stop until every last

0:09:41.120 --> 0:09:46.480
<v Speaker 9>Hamas membrance of order is gone, then presumably these prisoners

0:09:46.520 --> 0:09:48.960
<v Speaker 9>don't have very long right according to Israel's logic.

0:09:49.600 --> 0:09:54.520
<v Speaker 13>Well, yes, but Israel's political logic is also that all

0:09:54.520 --> 0:09:59.760
<v Speaker 13>are almost all of these hostages are Israelis, and there's

0:09:59.760 --> 0:10:03.560
<v Speaker 13>a very very strong political movement in Israel that they

0:10:04.320 --> 0:10:07.600
<v Speaker 13>must be brought back, and so that provides an incentive.

0:10:07.640 --> 0:10:10.960
<v Speaker 13>But yes, Israel said it can't just end this and

0:10:11.080 --> 0:10:15.400
<v Speaker 13>leave Hamas in place to attack again. And Hamas says

0:10:15.480 --> 0:10:20.040
<v Speaker 13>it's not giving up. So this clearly isn't a permanent

0:10:20.040 --> 0:10:23.760
<v Speaker 13>solution to anything. But the extension of it suggests everybody's

0:10:23.800 --> 0:10:28.199
<v Speaker 13>interest for the moment in extending it, and that also

0:10:28.559 --> 0:10:32.360
<v Speaker 13>that everybody's got a spin on this. Prime Minister and

0:10:32.440 --> 0:10:35.720
<v Speaker 13>Yahoo of Israel his offer. His office issued a statement

0:10:36.160 --> 0:10:42.920
<v Speaker 13>that Israel will welcome back our eleven abducted citizens will cutter. It,

0:10:43.000 --> 0:10:48.000
<v Speaker 13>which has served a crucial intermediary role, didn't describe the

0:10:48.040 --> 0:10:51.920
<v Speaker 13>as israelis taking us of their dual citizenship. It described

0:10:51.960 --> 0:10:55.960
<v Speaker 13>these as three French citizens, two Germans and six Argentinians

0:10:55.960 --> 0:10:59.600
<v Speaker 13>who are released today. So everybody has an angle. Everybody has,

0:10:59.679 --> 0:11:03.880
<v Speaker 13>so art In said up to continue playing this very

0:11:04.480 --> 0:11:09.040
<v Speaker 13>important game but there's clearly an end insight at.

0:11:09.040 --> 0:11:12.760
<v Speaker 1>Some point, Larry, there's a massive imbalance in those killed.

0:11:13.000 --> 0:11:17.080
<v Speaker 1>Hamas has some fifteen thousand gosins and Israeli say that

0:11:17.520 --> 0:11:21.480
<v Speaker 1>twelve hundred Israelis were killed in the initial attacks by Amas.

0:11:21.720 --> 0:11:24.120
<v Speaker 1>I'm wondering, I just want to get your thoughts on this.

0:11:24.360 --> 0:11:26.240
<v Speaker 1>I talked about this with Michael Heath, one of our

0:11:26.240 --> 0:11:31.760
<v Speaker 1>colleagues yesterday. Does that suggest in any way more or

0:11:31.880 --> 0:11:35.560
<v Speaker 1>less likelihood that Israel would agree to a longer pause?

0:11:35.600 --> 0:11:37.160
<v Speaker 1>And if you could also add to that, what does

0:11:37.200 --> 0:11:40.439
<v Speaker 1>it say about the international position here and the pressure

0:11:40.520 --> 0:11:41.680
<v Speaker 1>coming from other countries.

0:11:42.000 --> 0:11:44.880
<v Speaker 13>Well, I think there is a lot of pressure. Israel

0:11:44.920 --> 0:11:47.800
<v Speaker 13>would tell you that, first of all, at the beginning

0:11:47.840 --> 0:11:51.880
<v Speaker 13>of this Hamas, in a surprise attack, killed the most

0:11:52.040 --> 0:11:57.000
<v Speaker 13>Israelis who were which are murdered since the Holocaust. That's

0:11:57.040 --> 0:12:02.840
<v Speaker 13>an existential question for them. Response though has not met

0:12:02.880 --> 0:12:05.320
<v Speaker 13>with the approval of the world community, because they have

0:12:05.920 --> 0:12:13.120
<v Speaker 13>killed many times that of civilians in Gaza, and they

0:12:13.160 --> 0:12:16.760
<v Speaker 13>say with with I think clearly some truth that it

0:12:17.440 --> 0:12:22.480
<v Speaker 13>is in part because Hamas burrows under it has this

0:12:22.600 --> 0:12:28.079
<v Speaker 13>extraordinary series of tunnels under the civilian population. But still

0:12:28.200 --> 0:12:31.640
<v Speaker 13>The idea that they're using such large bombs us applied

0:12:32.200 --> 0:12:36.520
<v Speaker 13>in many cases, and that it's causing so many civilian

0:12:36.559 --> 0:12:40.120
<v Speaker 13>casualties have not gained favor in the world community.

0:12:40.760 --> 0:12:44.040
<v Speaker 9>Laurie, how much does Hamas know about all of the hostages?

0:12:44.080 --> 0:12:47.440
<v Speaker 9>So there seems to be suggestion that some are lost

0:12:47.520 --> 0:12:48.760
<v Speaker 9>or you know.

0:12:48.960 --> 0:12:51.960
<v Speaker 13>Yeah, well, they may know that some have died. They

0:12:52.000 --> 0:12:56.000
<v Speaker 13>also there also have been some indications that are other

0:12:56.800 --> 0:13:00.440
<v Speaker 13>terrorist offshoots that may have grabbed some of them, and

0:13:00.520 --> 0:13:07.360
<v Speaker 13>they may not have complete leeway to deal for them.

0:13:07.760 --> 0:13:09.800
<v Speaker 13>And so we may not get to the end of

0:13:09.840 --> 0:13:12.280
<v Speaker 13>this even if everyone wanted to keep extending it, with

0:13:12.880 --> 0:13:16.040
<v Speaker 13>all of the hostages freed and with all of them live.

0:13:16.440 --> 0:13:18.600
<v Speaker 13>And that's one of the mysteries and one of the

0:13:18.640 --> 0:13:19.760
<v Speaker 13>sad parts of this whole.

0:13:20.280 --> 0:13:24.760
<v Speaker 1>Yeah, you mentioned you mentioned US munitions, and we talked

0:13:24.800 --> 0:13:28.160
<v Speaker 1>about the imbalance in the number of dead. Are you

0:13:28.240 --> 0:13:33.280
<v Speaker 1>hearing anything about from Congress or the administration about conditionality

0:13:33.400 --> 0:13:36.640
<v Speaker 1>being placed on Israel in terms of future conduct of

0:13:36.640 --> 0:13:37.000
<v Speaker 1>this war.

0:13:37.679 --> 0:13:42.640
<v Speaker 13>Well, there certainly have been some questions raised by some Democrats,

0:13:42.679 --> 0:13:46.199
<v Speaker 13>Liberal Democrats especially, and even I think the President made

0:13:46.280 --> 0:13:48.960
<v Speaker 13>some passing remark it may not have been quite what

0:13:49.679 --> 0:13:52.840
<v Speaker 13>some people read into it, suggesting that the US is

0:13:52.960 --> 0:13:58.800
<v Speaker 13>concerned about providing weapons and how they're used in will

0:13:59.000 --> 0:14:04.280
<v Speaker 13>or should play some constraints on it. The problem again

0:14:04.440 --> 0:14:07.120
<v Speaker 13>is on the other side is I would say we

0:14:07.200 --> 0:14:10.000
<v Speaker 13>can't get to those underground tunnels, that we can't get

0:14:10.040 --> 0:14:14.839
<v Speaker 13>to those leaders with lightweight weapons, and that's the great

0:14:14.840 --> 0:14:16.040
<v Speaker 13>dilemma at this point.

0:14:17.040 --> 0:14:19.840
<v Speaker 1>This is Bloomberg Daybreak Asia, your morning brief on the

0:14:19.960 --> 0:14:23.560
<v Speaker 1>stories making news from Hong Kong to Singapore and Wall Street.

0:14:23.960 --> 0:14:27.960
<v Speaker 1>Look for us on your podcast feed every day, on Apple, Spotify,

0:14:28.160 --> 0:14:31.400
<v Speaker 1>and anywhere else you get your podcasts. You can also

0:14:31.440 --> 0:14:34.000
<v Speaker 1>listen live each day on Bloomberg eleven three to zero

0:14:34.000 --> 0:14:36.880
<v Speaker 1>in New York, Bloomberg ninety nine to one in Washington,

0:14:37.120 --> 0:14:40.760
<v Speaker 1>Bloomberg one six one in Boston, and Bloomberg nine sixty

0:14:41.000 --> 0:14:44.360
<v Speaker 1>in San Francisco. Our flagship New York station is also

0:14:44.440 --> 0:14:48.720
<v Speaker 1>available on your Amazon Alexa devices. Just say Alexa play

0:14:48.720 --> 0:14:51.960
<v Speaker 1>Bloomberg eleven thirty plus. Listen coast to coast on the

0:14:51.960 --> 0:14:56.440
<v Speaker 1>Bloomberg Business app, Sirius XM, the iHeartRadio app, and on

0:14:56.480 --> 0:14:59.760
<v Speaker 1>Bloomberg dot Com. I'm Brian Curtis. Join us again to

0:15:00.000 --> 0:15:02.600
<v Speaker 1>tomorrow for all the news you need to start your

0:15:02.680 --> 0:15:05.600
<v Speaker 1>day right here on Bloomberg Daybreak Asia

0:15:10.040 --> 0:15:10.440
<v Speaker 7>MHM