WEBVTT - China's Foxconn Probe, Earnings in Focus

0:00:02.400 --> 0:00:03.000
<v Speaker 1>Good morning.

0:00:03.120 --> 0:00:05.880
<v Speaker 2>I'm Brian Curtiz and I'm Doug Krisner. Here are the

0:00:05.920 --> 0:00:11.440
<v Speaker 2>stories we're following today. We had the retreat in US

0:00:11.520 --> 0:00:13.480
<v Speaker 2>talks in the Friday session. I think it's fair to

0:00:13.520 --> 0:00:17.400
<v Speaker 2>say geopolitical risk is a primary driver, even though we're

0:00:17.440 --> 0:00:20.200
<v Speaker 2>in the throes of earning season. In the Friday session,

0:00:20.200 --> 0:00:22.319
<v Speaker 2>we had the S and P down over one point

0:00:22.400 --> 0:00:26.040
<v Speaker 2>two percent. We broke below that two hundred day moving average.

0:00:26.120 --> 0:00:27.960
<v Speaker 2>Then if you look at the bond market, yields were

0:00:27.960 --> 0:00:30.560
<v Speaker 2>down across the treasury curve, and much of that was

0:00:30.640 --> 0:00:34.040
<v Speaker 2>tied to haven buying. Also on Friday, we had one

0:00:34.040 --> 0:00:37.800
<v Speaker 2>of the Fed's more hawkish members, Cleveland's Loretta Mester, saying

0:00:38.040 --> 0:00:40.840
<v Speaker 2>the FED is close to wrapping up its tightening campaign.

0:00:41.280 --> 0:00:43.639
<v Speaker 2>Then we had crude oil prices dipping just a bit

0:00:43.680 --> 0:00:46.720
<v Speaker 2>here in New York on Friday, although for the five

0:00:46.840 --> 0:00:50.000
<v Speaker 2>trading days of last week, WTI is up about two

0:00:50.040 --> 0:00:52.960
<v Speaker 2>point three percent. Short while ago, we had the yen

0:00:53.159 --> 0:00:56.880
<v Speaker 2>briefly weakening beyond one point fifty against the greenback. That

0:00:57.000 --> 0:01:00.880
<v Speaker 2>in early Asian trading right now on nine eighty five,

0:01:01.240 --> 0:01:03.360
<v Speaker 2>and this is keeping the market on high alert for

0:01:03.440 --> 0:01:07.640
<v Speaker 2>possible intervention. From Japan's Ministry of Finance. Over the weekend,

0:01:08.120 --> 0:01:10.880
<v Speaker 2>the nie KI reported the Bank of Japan may review

0:01:11.480 --> 0:01:14.960
<v Speaker 2>its yield curve control program at this month's policy meeting.

0:01:15.280 --> 0:01:18.000
<v Speaker 2>And we have market holidays today in Hong Kong, New

0:01:18.120 --> 0:01:20.920
<v Speaker 2>Zealand and in Thailand. And we'll take another look at

0:01:20.920 --> 0:01:22.680
<v Speaker 2>market action for you in about fifteen minutes.

0:01:22.720 --> 0:01:25.400
<v Speaker 1>Brian, all right, Doug, thanks very much. Now it's time

0:01:25.440 --> 0:01:29.560
<v Speaker 1>for global news. The US is sending additional forces to

0:01:29.600 --> 0:01:32.080
<v Speaker 1>the Middle East. I mean it fears that the war

0:01:32.160 --> 0:01:35.120
<v Speaker 1>could spread at Baxter has that story and the rest

0:01:35.160 --> 0:01:37.560
<v Speaker 1>of the news from the nine to sixty newsroom.

0:01:37.480 --> 0:01:41.800
<v Speaker 3>Ed, Yeah, thank you, Brian, You're right. US s Eisenhower

0:01:41.800 --> 0:01:45.080
<v Speaker 3>Carrier Strike Group as well as additional air defense. Defense

0:01:45.120 --> 0:01:47.760
<v Speaker 3>Secretary Lloyd Austin on ABC has heard here on Bloomberg

0:01:47.840 --> 0:01:50.639
<v Speaker 3>says the terrence is the best course at this point.

0:01:50.800 --> 0:01:56.640
<v Speaker 4>What we're seeing is the prospect of a significant escalation

0:01:56.960 --> 0:02:01.680
<v Speaker 4>of attacks on our troops and our people throughout the region.

0:02:01.920 --> 0:02:05.000
<v Speaker 3>Austin says the US will defend its people, end bases,

0:02:05.040 --> 0:02:08.200
<v Speaker 3>and US Secretary of State Anthony Blinket on CBS has

0:02:08.200 --> 0:02:11.440
<v Speaker 3>heard here on Bloomberg says it is talking to Israel

0:02:11.480 --> 0:02:14.280
<v Speaker 3>about ground operations, but that Israel has the right and

0:02:14.360 --> 0:02:16.200
<v Speaker 3>obligation to defend itself.

0:02:16.000 --> 0:02:17.640
<v Speaker 5>Not only what they do, but how they do it,

0:02:17.680 --> 0:02:20.920
<v Speaker 5>particularly when it comes to making sure the civilians are

0:02:20.960 --> 0:02:23.520
<v Speaker 5>as protected as they possibly can be in this crossfire

0:02:23.520 --> 0:02:25.359
<v Speaker 5>of Hamas is making. But in terms of what we're

0:02:25.360 --> 0:02:28.440
<v Speaker 5>talking Israel about in there with regard to their military operations,

0:02:28.760 --> 0:02:31.480
<v Speaker 5>it really is focused on both how they do it

0:02:31.680 --> 0:02:34.520
<v Speaker 5>and how best to achieve the results that they seek.

0:02:34.720 --> 0:02:38.280
<v Speaker 3>He says Hamas is using civilians as shield still and

0:02:38.600 --> 0:02:41.679
<v Speaker 3>is refusing to let them leave the war zones. More

0:02:41.760 --> 0:02:44.160
<v Speaker 3>trucks meanwhile, carrying eight in the guys, have been able

0:02:44.160 --> 0:02:46.600
<v Speaker 3>to make it through checkpoints, but the United Nations World

0:02:46.600 --> 0:02:51.000
<v Speaker 3>Food Bank Program Director Cindy McCain and Aman Jordan says

0:02:51.240 --> 0:02:53.480
<v Speaker 3>this won't work long term.

0:02:53.600 --> 0:02:56.440
<v Speaker 6>We were able to get seventeen more trucks in just now,

0:02:56.520 --> 0:02:59.640
<v Speaker 6>actually just a little while ago, I understand, and there's

0:02:59.639 --> 0:03:04.040
<v Speaker 6>a forty more tomorrow, but this dribbling system is not

0:03:04.120 --> 0:03:04.680
<v Speaker 6>going to work.

0:03:05.120 --> 0:03:08.040
<v Speaker 3>McCain on ABC has heard on Bloomberg says the situation

0:03:08.120 --> 0:03:11.680
<v Speaker 3>of the Gaza strip is dire and it is horrendous.

0:03:12.200 --> 0:03:14.960
<v Speaker 3>So US Senator Lindsey Graham is in Tel Aviv with

0:03:15.080 --> 0:03:17.960
<v Speaker 3>a delegation of legislators and he lays out what he

0:03:18.040 --> 0:03:20.320
<v Speaker 3>feels victory looks like in the region.

0:03:20.480 --> 0:03:24.800
<v Speaker 7>What is winning for the terrorist organization to be destroyed,

0:03:26.600 --> 0:03:29.800
<v Speaker 7>for the people of Israel to have a sense of

0:03:29.840 --> 0:03:34.160
<v Speaker 7>peace they've lost, for the Palestinian people to have hope

0:03:34.160 --> 0:03:39.080
<v Speaker 7>they don't have, and for the Arabs and the Israelis

0:03:39.520 --> 0:03:43.000
<v Speaker 7>to end a conflict that would make the.

0:03:42.960 --> 0:03:46.560
<v Speaker 3>World better as well. Today, Israel, says, has belies dragging

0:03:46.640 --> 0:03:50.120
<v Speaker 3>Lebanon toward war as towns empty there and the US

0:03:50.160 --> 0:03:54.400
<v Speaker 3>has ordered non emergency staff to leave Iraq. Former House

0:03:54.400 --> 0:03:56.880
<v Speaker 3>Speaker Kevin McCarthy says what is going on in the

0:03:56.880 --> 0:04:00.560
<v Speaker 3>House is an embarrassment to the Republican Party, to US

0:04:00.680 --> 0:04:03.800
<v Speaker 3>government as a whole. On NBC has heard on Bloomberg,

0:04:03.840 --> 0:04:06.080
<v Speaker 3>he says that he has endorsed Tom Emmer.

0:04:06.120 --> 0:04:08.560
<v Speaker 8>We need someone who understands how to do this job.

0:04:08.840 --> 0:04:11.480
<v Speaker 8>I believe Tom Emmer our whip. He's been in the

0:04:11.560 --> 0:04:14.160
<v Speaker 8>room with all of our successes, from our bills to

0:04:14.160 --> 0:04:17.520
<v Speaker 8>secure the border, from Parents' Bill of Rights, from cutting

0:04:17.520 --> 0:04:20.919
<v Speaker 8>two trillion dollars, getting work requirements. He knows how to

0:04:20.960 --> 0:04:23.080
<v Speaker 8>do the job across the street at the same time

0:04:23.279 --> 0:04:26.600
<v Speaker 8>helping us win the majority. He sets himself head and

0:04:26.600 --> 0:04:28.560
<v Speaker 8>shoulders above all those others who want to run.

0:04:28.839 --> 0:04:32.320
<v Speaker 3>Also blames Democrats for now reaching across the island trying

0:04:32.360 --> 0:04:35.839
<v Speaker 3>to solve the problems India says it's cut Canada's diplomatic

0:04:35.880 --> 0:04:39.360
<v Speaker 3>presence in the country do the continuing concerns about interference

0:04:39.400 --> 0:04:43.680
<v Speaker 3>and its affairs. This as ties continue to deteriorate. Global

0:04:43.720 --> 0:04:45.760
<v Speaker 3>news twenty four hours a day and whenever you want

0:04:45.760 --> 0:04:49.480
<v Speaker 3>it with Bloomberg News Now in San Francisco. I'm Ed Baxter.

0:04:49.600 --> 0:04:52.680
<v Speaker 1>This is Bloomberg Brian, and thanks very much. Let's get

0:04:52.720 --> 0:04:54.880
<v Speaker 1>to some of the top stories in the business front. Now.

0:04:55.320 --> 0:04:58.960
<v Speaker 1>Markets this week are bracing for some key economic data

0:04:59.000 --> 0:05:01.800
<v Speaker 1>out in the United States. Eight will be getting GDP

0:05:02.160 --> 0:05:05.719
<v Speaker 1>for instance, on Thursday, Economy is surveyed by Bloomberg say

0:05:05.760 --> 0:05:08.800
<v Speaker 1>the US economy probably expanded at the quickest pace in

0:05:08.880 --> 0:05:12.240
<v Speaker 1>nearly two years in the third quarter, and that presents

0:05:12.279 --> 0:05:15.400
<v Speaker 1>a challenge for Fed officials who are debating whether additional

0:05:15.440 --> 0:05:19.160
<v Speaker 1>tightening is needed. Now we heard from Bloomberg opinion columnists

0:05:19.200 --> 0:05:22.479
<v Speaker 1>Mohammed el Arian. He says the Fed needs to establish

0:05:22.480 --> 0:05:25.599
<v Speaker 1>a longer term vision for where interest rates are heading.

0:05:25.880 --> 0:05:28.800
<v Speaker 9>I think they need to pivot from excessive data dependence

0:05:29.120 --> 0:05:32.479
<v Speaker 9>to data dependence that has a greater forward looking component.

0:05:32.880 --> 0:05:36.360
<v Speaker 9>So we are going to remain in the situation of

0:05:36.440 --> 0:05:40.320
<v Speaker 9>great uncertainty because there is no vision as to where

0:05:40.320 --> 0:05:41.320
<v Speaker 9>this economy is going.

0:05:42.480 --> 0:05:45.440
<v Speaker 1>That's Mohammed el Arians. Separately, we'll be getting the PCE

0:05:45.839 --> 0:05:50.200
<v Speaker 1>deflator data on Friday, and that will also be closely

0:05:50.240 --> 0:05:51.880
<v Speaker 1>monitored by the Federal Reserve.

0:05:52.080 --> 0:05:54.279
<v Speaker 2>Well nearly a third of the companies within the S

0:05:54.320 --> 0:05:57.160
<v Speaker 2>and P five hundred will be reporting earnings this week,

0:05:57.160 --> 0:06:01.880
<v Speaker 2>and this list includes Meta, Amazon, On, and the US automakers.

0:06:01.880 --> 0:06:04.160
<v Speaker 2>We have a preview from Bloomberg's Denise Pellegrini.

0:06:04.480 --> 0:06:08.160
<v Speaker 10>Profit margins will be scrutinized as investors assess how businesses

0:06:08.200 --> 0:06:12.279
<v Speaker 10>are coping with rising wages, fuel prices, and other costs.

0:06:12.440 --> 0:06:15.279
<v Speaker 10>Ford and General Motors still in talks with striking workers,

0:06:15.360 --> 0:06:18.800
<v Speaker 10>along with UPS and Chipotle, may discuss how they're dealing

0:06:18.839 --> 0:06:22.039
<v Speaker 10>with the challenges, and investors hungry for info related to

0:06:22.160 --> 0:06:25.000
<v Speaker 10>artificial intelligence may be able to learn more about the

0:06:25.040 --> 0:06:28.800
<v Speaker 10>cost of the emerging technology. When Microsoft, Alphabet and Meta

0:06:28.920 --> 0:06:32.200
<v Speaker 10>opened their books and cost savings could be in focus

0:06:32.240 --> 0:06:35.280
<v Speaker 10>for Amazon after making an effort to reel things in.

0:06:35.520 --> 0:06:39.240
<v Speaker 10>According to analysts Aitcown, Denise Pellegriny Bloomberg Radio.

0:06:39.920 --> 0:06:43.320
<v Speaker 1>Americans are falling behind on car payments at the highest

0:06:43.400 --> 0:06:46.480
<v Speaker 1>rate on record. More on that from Bloombergy's Leslie Latto.

0:06:47.000 --> 0:06:49.279
<v Speaker 11>It's getting harder and harder to pay our bills, with

0:06:49.440 --> 0:06:53.760
<v Speaker 11>auto loans up high on our list of challenges. Pitch

0:06:53.920 --> 0:06:58.200
<v Speaker 11>Ratings reports the percentage of sub prime car borrowers behind

0:06:58.240 --> 0:07:01.560
<v Speaker 11>at least sixty days was up well over six percent

0:07:01.560 --> 0:07:05.280
<v Speaker 11>in September, the highest it's been since nineteen ninety four.

0:07:05.720 --> 0:07:08.599
<v Speaker 11>Interest rate hikes are making newer loans more expensive, which

0:07:08.640 --> 0:07:11.800
<v Speaker 11>has millions of car owners struggling to afford their payments.

0:07:11.880 --> 0:07:14.560
<v Speaker 11>A clear indication of distress at a time when the

0:07:14.600 --> 0:07:18.120
<v Speaker 11>economy is sending mixed signals, especially about the health of

0:07:18.160 --> 0:07:21.560
<v Speaker 11>consumer spending. Leslie Lado, Bloomberg Radio.

0:07:22.000 --> 0:07:26.480
<v Speaker 2>Well, the iPhone assembler Hanhai Precision says it will collaborate

0:07:26.640 --> 0:07:30.800
<v Speaker 2>with Chinese authorities on unspecified investigations. We have the story

0:07:30.800 --> 0:07:32.720
<v Speaker 2>from Bloomberg's Chuan Wog in Hong Kong.

0:07:33.120 --> 0:07:36.160
<v Speaker 12>The statement follows a report that Chinese tax authorities are

0:07:36.200 --> 0:07:39.600
<v Speaker 12>conducting checks on Fox Kong units in Guangzhou and Jiangsu.

0:07:39.680 --> 0:07:43.000
<v Speaker 12>The Chinese media newspaper Global Times said authorities are also

0:07:43.040 --> 0:07:46.920
<v Speaker 12>reviewing land use by parent Fox Khon and Hunan and Hubei.

0:07:47.120 --> 0:07:50.600
<v Speaker 12>The latest probe comes after Foxcom founded Terry Go resigned

0:07:50.600 --> 0:07:53.840
<v Speaker 12>from the company sport. He's running for president in Taiwan,

0:07:54.160 --> 0:07:56.440
<v Speaker 12>and in his presidential bid he said who would not

0:07:56.600 --> 0:07:59.760
<v Speaker 12>vow to any Chinese threats in Hong Kong. Juan Wong

0:07:59.760 --> 0:08:00.679
<v Speaker 12>Blue Radio.

0:08:01.560 --> 0:08:05.120
<v Speaker 1>Australia will suspend its case at the World Trade Organization

0:08:05.280 --> 0:08:09.000
<v Speaker 1>over China's tariffs on Australian wine imports. We get that

0:08:09.080 --> 0:08:10.760
<v Speaker 1>story from Bloomberg's Paul Allen.

0:08:11.280 --> 0:08:14.280
<v Speaker 13>China will undertake a review of its tariffs on Australian

0:08:14.280 --> 0:08:18.000
<v Speaker 13>wine and that's expected to take five months. During that period,

0:08:18.080 --> 0:08:22.000
<v Speaker 13>Australia has announced it will suspend its wto dispute over

0:08:22.120 --> 0:08:25.040
<v Speaker 13>China's actions. This is according to a press release from

0:08:25.080 --> 0:08:28.360
<v Speaker 13>the office of Prime Minister Anthony Albanesi, and this comes

0:08:28.400 --> 0:08:31.520
<v Speaker 13>ahead of a visit by Albanzi II China from November

0:08:31.720 --> 0:08:34.400
<v Speaker 13>fourth through to the seventh. It's the first by an

0:08:34.440 --> 0:08:38.240
<v Speaker 13>Australian leader since twenty sixteen. At another sign of warming

0:08:38.280 --> 0:08:42.040
<v Speaker 13>relations between the two governments. Earlier this month, China released

0:08:42.080 --> 0:08:45.560
<v Speaker 13>Australian journalist Chung Lei from about three years of detention

0:08:45.960 --> 0:08:50.240
<v Speaker 13>for allegedly passing national secrets to an overseas institution. I'm

0:08:50.280 --> 0:08:51.800
<v Speaker 13>Paul Allen Bloomberg Radio.

0:08:52.520 --> 0:08:56.160
<v Speaker 1>Paul mentioned Albanizi's trip to China coming up the first

0:08:56.160 --> 0:08:58.960
<v Speaker 1>week in November. He'll also be touching down in Washington,

0:08:59.040 --> 0:09:02.960
<v Speaker 1>d C. Tomorrow where he will meet with President Biden Albanez.

0:09:03.000 --> 0:09:04.880
<v Speaker 1>He said the four day visit to the US will

0:09:04.880 --> 0:09:09.360
<v Speaker 1>focus on building an alliance for the future. Well, I'm

0:09:09.360 --> 0:09:13.320
<v Speaker 1>Brian Curtis along with Vonnie Quinn. This is Bloomberg Daybreak

0:09:13.360 --> 0:09:16.960
<v Speaker 1>Asia and we welcome to the airways now our guest

0:09:17.040 --> 0:09:21.800
<v Speaker 1>Tony Chuchka, who is Bloomberg Weekend Editor in Washington. So Tony,

0:09:21.840 --> 0:09:25.040
<v Speaker 1>great to have you on the program. The diplomatic efforts

0:09:25.440 --> 0:09:28.400
<v Speaker 1>with Israel, you know, especially on hopes of getting the

0:09:28.440 --> 0:09:33.000
<v Speaker 1>hostages out, along with the aid getting in to Gaza

0:09:33.040 --> 0:09:38.280
<v Speaker 1>from Egypt, are seemingly delaying this ground defensive that Israel

0:09:38.320 --> 0:09:41.559
<v Speaker 1>has promised. I'm curious what you're hearing from people. Does

0:09:41.600 --> 0:09:45.040
<v Speaker 1>this continue for a while, or are you getting some

0:09:45.679 --> 0:09:50.400
<v Speaker 1>sense that Israel is getting itching to conduct its action?

0:09:52.160 --> 0:09:55.800
<v Speaker 14>Well, yeah, hi Bright, I mean for the short answer,

0:09:55.880 --> 0:10:01.040
<v Speaker 14>of course, is that nobody is saying public when Israel

0:10:01.160 --> 0:10:07.520
<v Speaker 14>might move. There was immediately after the attack by hamas

0:10:07.800 --> 0:10:12.920
<v Speaker 14>uh It's incursion into Israel and killings of civilians, I mean,

0:10:12.960 --> 0:10:16.760
<v Speaker 14>there was about two weeks ago. There was an immediate

0:10:16.920 --> 0:10:19.280
<v Speaker 14>there was a sense that Israel would have to strike

0:10:19.360 --> 0:10:22.439
<v Speaker 14>fast and hard. I think, uh, And that's that has

0:10:22.520 --> 0:10:27.080
<v Speaker 14>not come to pass. So the latest our latest reporting

0:10:27.160 --> 0:10:31.319
<v Speaker 14>from the region is that that Israel supports the diplomatic

0:10:31.360 --> 0:10:37.480
<v Speaker 14>efforts are underway, which critically include the us UH in

0:10:38.400 --> 0:10:44.800
<v Speaker 14>one sense and then the Qatars mediators, and that that

0:10:44.800 --> 0:10:47.600
<v Speaker 14>that the that the goal of this is to release

0:10:48.600 --> 0:10:54.880
<v Speaker 14>as we're reporting, a large number of hostages quickly. Now

0:10:54.960 --> 0:10:59.240
<v Speaker 14>that's that's that's quite a task if you consider that

0:10:59.280 --> 0:11:03.040
<v Speaker 14>there's dozens or maybe up to two hundred of them.

0:11:03.480 --> 0:11:06.520
<v Speaker 1>Well, it's controversial too, isn't it, to the extent that

0:11:06.760 --> 0:11:09.640
<v Speaker 1>if you do a deal then you get more hostages.

0:11:11.920 --> 0:11:18.600
<v Speaker 14>That's always risk with any of those hostage situations. There's

0:11:18.679 --> 0:11:21.720
<v Speaker 14>sort of the court of public opinion to consider as well.

0:11:22.920 --> 0:11:27.320
<v Speaker 14>For Israel. There's been a lot of sort of chatter

0:11:27.520 --> 0:11:32.000
<v Speaker 14>and talk about the longer this goes on, with Israel

0:11:32.840 --> 0:11:38.840
<v Speaker 14>targeting Gaza, you know, with the bombing that that sort

0:11:38.840 --> 0:11:43.000
<v Speaker 14>of turns public opinion against that. The risk is of

0:11:43.320 --> 0:11:47.560
<v Speaker 14>public opinion turning against Israel globally and also in the

0:11:47.600 --> 0:11:50.560
<v Speaker 14>Arab world. So there's a lot of fact factors to

0:11:50.600 --> 0:11:55.559
<v Speaker 14>consider here, and for the moment, at least, Israel with

0:11:56.480 --> 0:12:01.120
<v Speaker 14>some prodding from the US, as you can tell from

0:12:01.440 --> 0:12:06.840
<v Speaker 14>public not really statements, but certainly hints for people like

0:12:07.080 --> 0:12:12.040
<v Speaker 14>Secretary of State Anthony Blincoln, that Israel is not quite

0:12:12.040 --> 0:12:13.280
<v Speaker 14>ready to move yet.

0:12:14.480 --> 0:12:16.960
<v Speaker 15>Yeah, Tony, we have some reporting to the effect that

0:12:17.000 --> 0:12:19.520
<v Speaker 15>Israeli citizens are a little nonplussed with how much the

0:12:19.600 --> 0:12:22.959
<v Speaker 15>US is asking for in terms of hostage negotiations and

0:12:23.040 --> 0:12:24.800
<v Speaker 15>so on. How much can the US ask for?

0:12:24.880 --> 0:12:26.400
<v Speaker 11>How much for Israel grant.

0:12:29.120 --> 0:12:34.600
<v Speaker 14>The US keeps saying, or the Biden administration keeps saying,

0:12:34.640 --> 0:12:39.840
<v Speaker 14>that they're not dictating to Israel. I think that's point one.

0:12:40.080 --> 0:12:43.040
<v Speaker 14>On the other hand, we all know that the alliance

0:12:43.800 --> 0:12:48.439
<v Speaker 14>is historic and very tight, and there's also a lot

0:12:48.480 --> 0:12:55.520
<v Speaker 14>of political pressure, if you like, in Washington, from Congress

0:12:56.080 --> 0:13:00.439
<v Speaker 14>and outside Congress to support Israel. I mean, especially after

0:13:00.600 --> 0:13:04.160
<v Speaker 14>you know the brutality of Maas attack, which is what

0:13:04.280 --> 0:13:06.520
<v Speaker 14>started all of this, or at least the latest round.

0:13:06.559 --> 0:13:09.800
<v Speaker 14>And so so what Blincoln said on the on some

0:13:09.880 --> 0:13:16.600
<v Speaker 14>of the the Sunday morning political shows was that the

0:13:16.800 --> 0:13:19.400
<v Speaker 14>US that the military advice at the US is giving

0:13:19.400 --> 0:13:22.920
<v Speaker 14>to Israel is focused on how they do it and

0:13:22.960 --> 0:13:26.640
<v Speaker 14>how best to achieve the results that they seek, they

0:13:26.679 --> 0:13:30.680
<v Speaker 14>being Israel. So you can read between the lines there,

0:13:30.720 --> 0:13:31.160
<v Speaker 14>I think.

0:13:31.880 --> 0:13:34.840
<v Speaker 1>So the ground defense of itself is one major concern

0:13:35.320 --> 0:13:38.000
<v Speaker 1>about loss of life and civilians and even the loss

0:13:38.000 --> 0:13:41.720
<v Speaker 1>of life of soldiers. And then there's also the notion

0:13:41.840 --> 0:13:45.640
<v Speaker 1>of this spreading into a wider war. Now Israel warned

0:13:45.880 --> 0:13:50.200
<v Speaker 1>that hesb Law is risking dragging Lebanon into the war.

0:13:51.080 --> 0:13:53.480
<v Speaker 1>Who did they issue that warning too? In other words,

0:13:53.520 --> 0:13:55.760
<v Speaker 1>it's a kind of normally when we talk about warning,

0:13:55.800 --> 0:13:59.600
<v Speaker 1>you warn someone, but they're just actually warning I suppose

0:13:59.679 --> 0:14:01.480
<v Speaker 1>the world that this is what's happening.

0:14:02.520 --> 0:14:07.520
<v Speaker 14>Yeah, and Iran, which stands behind those groups Hamas, Asbol

0:14:08.920 --> 0:14:15.199
<v Speaker 14>and others. So the way that's playing out is that

0:14:16.559 --> 0:14:19.400
<v Speaker 14>the US in this case, again Anthony blink In, the

0:14:19.440 --> 0:14:25.720
<v Speaker 14>Secretary of State said that if there was any any

0:14:25.760 --> 0:14:29.720
<v Speaker 14>of these Iranian back groups were to attack American forces,

0:14:29.760 --> 0:14:32.440
<v Speaker 14>there would be a decisive response. Now that's what you'd expect.

0:14:32.440 --> 0:14:35.080
<v Speaker 14>The US can continence that it's moved a lot of

0:14:35.520 --> 0:14:38.920
<v Speaker 14>very heavy military hardware into the Mediterranean and elsewhere in

0:14:38.960 --> 0:14:43.640
<v Speaker 14>the region. So that's that's that's what we're talking about here,

0:14:43.680 --> 0:14:47.520
<v Speaker 14>We're talking about Iran, and you know, the ultimate specter

0:14:47.600 --> 0:14:52.640
<v Speaker 14>of course, of Iran possibly getting evolved directly, you know,

0:14:52.640 --> 0:14:54.360
<v Speaker 14>and there's been a lot of talk about that being

0:14:54.520 --> 0:14:59.560
<v Speaker 14>very fairly or quite remote possibility. However, it's something you

0:14:59.560 --> 0:15:04.080
<v Speaker 14>have to take into account. And mot Bilking also said,

0:15:04.120 --> 0:15:07.760
<v Speaker 14>is no one wants a second or third front to open? Well,

0:15:07.760 --> 0:15:09.960
<v Speaker 14>what does that mean? You know, no one presumably also

0:15:10.000 --> 0:15:14.240
<v Speaker 14>includes the United States, which would then also mean I

0:15:14.280 --> 0:15:17.120
<v Speaker 14>think if you read that, read between the lines on

0:15:17.160 --> 0:15:20.360
<v Speaker 14>that that also means some restraint on Israel in terms

0:15:20.400 --> 0:15:22.240
<v Speaker 14>of Iran, presum will be to.

0:15:22.200 --> 0:15:24.040
<v Speaker 15>Only in the coming days we are going to see

0:15:24.360 --> 0:15:28.240
<v Speaker 15>the IDEF go into Gaza on the ground. Is that

0:15:28.480 --> 0:15:31.720
<v Speaker 15>enough to provoke another nation to get involved or another

0:15:31.800 --> 0:15:32.480
<v Speaker 15>military group?

0:15:35.200 --> 0:15:41.400
<v Speaker 14>That's anybody's guess. I don't know, you know, I don't

0:15:41.400 --> 0:15:46.720
<v Speaker 14>know what the planning. Clearly there's scenarios that are being

0:15:46.720 --> 0:15:48.640
<v Speaker 14>mapped out, and that has to be part of it.

0:15:48.680 --> 0:15:50.520
<v Speaker 14>And I think that's why all of this talk about

0:15:50.520 --> 0:15:55.840
<v Speaker 14>Iran is quite prominent now in the public commentary. But

0:15:57.280 --> 0:16:00.880
<v Speaker 14>you know, Israel's goal is stated goal is to destroy

0:16:00.960 --> 0:16:07.040
<v Speaker 14>Hamas and remove that threat, so that in theory at

0:16:07.120 --> 0:16:14.400
<v Speaker 14>least it could be a relatively limited operation, the sense

0:16:14.440 --> 0:16:16.600
<v Speaker 14>of limited strategic goal.

0:16:19.400 --> 0:16:22.240
<v Speaker 1>This is Bloomberg Daybreak Asia, your morning brief on the

0:16:22.320 --> 0:16:25.920
<v Speaker 1>stories making news from Hong Kong to Singapore and Wall Street.

0:16:25.960 --> 0:16:29.960
<v Speaker 2>Look for us on your podcast feed every day, on Apple, Spotify,

0:16:30.240 --> 0:16:32.160
<v Speaker 2>and anywhere else you get your podcasts.

0:16:32.240 --> 0:16:34.800
<v Speaker 1>You can also listen live each day on Bloomberg eleven

0:16:34.840 --> 0:16:37.200
<v Speaker 1>three to zero in New York, Bloomberg ninety nine to

0:16:37.240 --> 0:16:40.480
<v Speaker 1>one in Washington, Bloomberg one oh sixty one in Boston,

0:16:40.760 --> 0:16:43.200
<v Speaker 1>and Bloomberg nine sixty in San Francisco.

0:16:43.280 --> 0:16:46.160
<v Speaker 2>Our flagship New York station is also available on your

0:16:46.200 --> 0:16:51.200
<v Speaker 2>Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.

0:16:51.080 --> 0:16:54.280
<v Speaker 1>Plus listen coast to coast on the Bloomberg Business app,

0:16:54.560 --> 0:16:58.800
<v Speaker 1>Sirius XM Channel one nineteen, the iHeartRadio app, and on

0:16:58.840 --> 0:17:01.880
<v Speaker 1>Bloomberg dot Com. I'm Brian Curtis.

0:17:01.800 --> 0:17:04.239
<v Speaker 2>And I'm Doug Prisoner. Join us again tomorrow for all

0:17:04.280 --> 0:17:06.760
<v Speaker 2>the news you need to start your day right here

0:17:06.840 --> 0:17:10.440
<v Speaker 2>on Bloomberg day Break Asia