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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is a breaking news update from Bloomberg instant reaction

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Speaker 2: and analysis from our three thousand journalists and analysts around

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Speaker 2: the world. Hamas said it has agreed to parts at

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Speaker 2: least of President Trump's peace plan, and it agrees to

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Speaker 2: release all of the Israeli hostages. President Trump responding in

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Speaker 2: a statement, saying in part that Israel must immediately stop

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Speaker 2: bombing Gaza, but that believes Hamas is ready for peace.

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Speaker 3: I want to thank the countries that helped me put

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Speaker 3: this together. Qatar, Turkey, Saudi Arabia, Egypt, Jordan, and so

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Speaker 3: many others. So many people fought so hard. This is

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Speaker 3: a big day. We'll see how it all turns out.

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Speaker 3: We have to get the final word down and concrete.

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Speaker 2: Joining us now with his perspective, Democratic Congressman Gregory Meeks

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Speaker 2: of New York. He is, of course, ranking member of

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Speaker 2: the House Foreign Affairs Committee as well a member of

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Speaker 2: the House Financial Services Committee. It's great to have you

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Speaker 2: back with us, Congressman. How should we be viewing this moment?

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Speaker 2: Donald Trump got the hostages released. Does he deserve vindication

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Speaker 2: for the way he's handled this conflict?

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Speaker 4: Well? I think that his twenty point proposal I agreed

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Speaker 4: with as well as the regional partners, and so therefore

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Speaker 4: that is a good thing. Came out in support of it.

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Speaker 4: This is diplomacy. This is the way that I think

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Speaker 4: that we ultimately will solve what's happening in the Middle

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Speaker 4: East and to have some real and true peace. Now,

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Speaker 4: I've been a big proponent, for example, of the Abraham Accords,

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Speaker 4: and that too was started by Donald Trump in his

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Speaker 4: first administration. Again, it's important, significant, and we've got to

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Speaker 4: give diplomacy an opportunity to work. And just what you

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Speaker 4: reported is important. Also, Israel should not continue bombing Gaza.

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Speaker 5: I agree with the President on that.

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Speaker 4: Let's try to see if we can get this thing done,

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Speaker 4: that the negotiations continue in that regards at least the

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Speaker 4: clarifications of what the twenty points is, and let's try

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Speaker 4: to make sure we can finally change the situation in

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Speaker 4: the Middle East where you can have a Palestinian state

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Speaker 4: side by side with a Jewish state of Israel.

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Speaker 2: Well, of course, I don't need to tell you congressmen

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Speaker 2: that both parties here have a record of not making

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Speaker 2: good on cease fire agreements on any agreements for that matter.

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Speaker 2: That goes for both Hamas and Benjamin and Yahoo as

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Speaker 2: the ranking member of foreign affairs, how much time will

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Speaker 2: you give this before it has credibility?

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Speaker 4: Well, I think that diplomacy leads more time than just

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Speaker 4: to Sunday, that's for sure. I would think that, you know,

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Speaker 4: a week of a couple of weeks should be able

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Speaker 4: to hash this thing out. And I think that the

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Speaker 4: aid of Golf countries and other countries that also have

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Speaker 4: signed off on the twenty point plan, along with the

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Speaker 4: United States and in Israel, we should be able to

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Speaker 4: get it done. I think that we're getting close. We're

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Speaker 4: getting very very close. But of course the devil is

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Speaker 4: always in the details. Let these details be discussed and

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Speaker 4: ration out, because you don't want a situation where there's

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Speaker 4: been a misinterpretation of what should or should not happen,

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Speaker 4: and then everything goes to put and we're.

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Speaker 5: Back to where we started from.

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Speaker 4: So let'swi and cross ant that we.

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Speaker 2: Can Benjamin Etnia, who has been seen as a pariah

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Speaker 2: by many in the region because of the high number

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Speaker 2: of civilian casualties that we've seen among Palestinians living in Gaza.

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Speaker 2: If this is real congressmen, and this is in fact

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Speaker 2: the paths to peace. Did we just prove that you

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Speaker 2: must meet strength with greater strength?

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Speaker 4: Well, no, I think that what we're doing now is

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Speaker 4: we are using diplomacy. Ultimately, we know that just bombing

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Speaker 4: your way out of this will not create a peaceful situation.

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Speaker 5: In the Middle East.

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Speaker 4: So diplomacy has always been something that I've advocated, and

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Speaker 4: what we've not been able to do to this point

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Speaker 4: was to get an agreement on both sides. Diplomacy is

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Speaker 4: always much harder and takes generally longer than just simply

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Speaker 4: bombing or the military strikes. So we're at that point now,

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Speaker 4: I think, and hopefully we can get across the tracks

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Speaker 4: with an agreement that will make a substantial difference in

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Speaker 4: the Middle East where we can bring some true fees.

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Speaker 5: And what's the.

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Speaker 6: Important to commsan as we can do really important is

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Speaker 6: that all of the golf countries and along with the

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Speaker 6: Pakistanis are all involved in this, our allies, and you.

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Speaker 5: All agree with the twenty point plan.

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Speaker 4: So we're at a point where you're talking about hostages

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Speaker 4: being released and humanitarian aid getting in. This is what

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Speaker 4: we want and then try to stabilize the region, rebuilding

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Speaker 4: Gaza for the Palestinians without Hamas being in control of anything.

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Speaker 5: So this is a very good but hard work.

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Speaker 4: And I think there's no hard work to be done,

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Speaker 4: but that's the way diplomacy works.

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Speaker 2: It's good to have you, Congress when come see us

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Speaker 2: when you get back into town. Democratic Congressman Greg re

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Speaker 2: Meeks of New York. First reaction there from the House

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Speaker 2: Foreign Affairs Committee on this breaking news on Hamas joining

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Speaker 2: us now with details live here on Capitol Hill. Bloomberg's

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Speaker 2: Eric Martin, who was just in Israel with the Secretary

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Speaker 2: of State Marco Rubio only days ago. Eric, who deserves

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Speaker 2: the credit for this.

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Speaker 7: Joe, this is a historic day potentially what we're seeing here.

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Speaker 7: Here we sit on October third, twenty twenty five, almost

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Speaker 7: two years to the day since the Hamas terrorist attacks

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Speaker 7: against Israel, and seeing this message from Hamas in response

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Speaker 7: to the President's twenty point plan, and in particular what

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Speaker 7: caught my eye is the President calling on Israel to

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Speaker 7: stop the bombing. Now, as you mentioned, I was just

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Speaker 7: a couple of weeks ago in Jerusalem with Secretary of

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Speaker 7: State mark Or Rubio and with Prime Minister Netsngahu, and

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Speaker 7: I asked both of them about this long planned Israeli

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Speaker 7: offensive to go into Gaza City. Even as we were

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Speaker 7: leaving for Doha, they were encircling Gaza City and planning

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Speaker 7: this for this, for this increased escalation of the war,

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Speaker 7: very controversial in Israel, a lot of people concerned about this,

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Speaker 7: and both of them saying that, telling me that if

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Speaker 7: they could find a way to get the hostages out,

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Speaker 7: to get Hamas to give up the hostages without escalating

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Speaker 7: the war, that was of course preferred. And so this

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Speaker 7: is really a monumental moment that we're we're seeing here

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Speaker 7: in terms of the potential for piece here. Still details

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Speaker 7: to be worked out, but this initial response from President Trump,

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Speaker 7: I think is quite important.

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Speaker 2: Hamas is talking about accepting this deal with conditions. I

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Speaker 2: know that we have some to learn still as to

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Speaker 2: what those conditions are. But should we assume that Hamas

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Speaker 2: actually knows where all of the hostages are, will they

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Speaker 2: be able to produce them?

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Speaker 7: That certainly is an open question. And I think there

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Speaker 7: is a degree of skepticism towards the Hamaser response in

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Speaker 7: that some of the things, including the twenty point plans,

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Speaker 7: such as Hamas disarming and giving up control of Gaza.

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Speaker 7: We've seen as part of their response saying that Gaza

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Speaker 7: would be led by a group of technocrats, and that

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Speaker 7: seeming to indicate that they're willing to give up this

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Speaker 7: control of Gaza, which they've maintained for nearly twenty years.

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Speaker 7: But of course, from the Israeli side, one of the

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Speaker 7: fundamental things and President Prime Minister Natina who told me

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Speaker 7: this in a press conference there was to make sure

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Speaker 7: that Hamas can never return in the way they did

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Speaker 7: on October seventh, and for Israel, that means to make

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Speaker 7: sure that Hamas cannot be a threat, does not have

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Speaker 7: the weaponry to pose a threat to Israel in the

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Speaker 7: way that they did, and to ever repeat anything approaching

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Speaker 7: October seventh.

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Speaker 2: Glad you come see us, Eric, Thank you so much.

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Speaker 2: Bloomberg's Eric Martin with us live on Capitol Hill. A

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Speaker 2: joining us now with her analysis. Wendy Sherman, the former

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Speaker 2: Deputy Secretary of State in the Biden administration, now senior

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Speaker 2: fellow at Harvard's Belfast Center. Wendy, I'm really glad you

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Speaker 2: could be part of our conversation. I'm wondering what you

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Speaker 2: need to see to know this is real.

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Speaker 1: Well, look, I agree with what Eric just said. This

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Speaker 1: is a positive response from the White House. They're taking yes,

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Speaker 1: even a yes butt for an answer and getting diplomacy underway.

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Speaker 1: As Congressman Meek said in your previous segment, diplomacy's hard work.

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Speaker 5: It all comes down to the details.

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Speaker 1: So yes, this is a positive moment, but a heck

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Speaker 1: of hot more work to be done here, and we

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Speaker 1: don't know the answer to a number of questions, including

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Speaker 1: whether really Hamas can produce all the hostages and bodies

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Speaker 1: of those who are deceased within seventy two hours. But

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Speaker 1: I do agree with Eric that the President saying that

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Speaker 1: Israel must stop it's bombing now to create the space

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Speaker 1: and the quiet to get those hostages back is a

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Speaker 1: very positive statement in a very difficult situation. A long

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Speaker 1: way to go, but better than where we were yesterday.

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Speaker 2: What do you make of the timing here, Wendy? The

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Speaker 2: President posted on truth Social another threat today, give him

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Speaker 2: a deadline six pm Sunday or all hell, as he

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Speaker 2: has said, will break loose. Gaza already is all hell?

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Speaker 2: Did that threat unlock this acceptance?

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Speaker 1: I don't know that the threat alone unlocked the acceptance,

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Speaker 1: and I would say it's a yes, but acceptance. It's

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Speaker 1: not a total yes acceptance yet. But I think that

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Speaker 1: Egypt cut Her, you, probably United Arab Emirates, even Indonesia,

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Speaker 1: Saudi Arabia, those who have signed on to this proposal

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Speaker 1: have applied pressure to Hamas as well, cut Her being

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Speaker 1: quite important to that. And as we all know, the

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Speaker 1: President just gave cut Her, which is a key negotiator here,

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Speaker 1: what amounts to an Article five security guarantee from the

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Speaker 1: United States. Now, I don't know if that will hold

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Speaker 1: up because usually those things are done by treaty, not

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Speaker 1: by an executive action. But nonetheless, the President clearly wants

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Speaker 1: to build a strong relationship with Gutter. And I will

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Speaker 1: say one other thing, this probably, if it keeps going forward,

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Speaker 1: puts the President in a slightly stronger position going into

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Speaker 1: the APEC meeting at the end of October in the

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Speaker 1: Republic of Korea, in his negotiations with China, and how

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Speaker 1: he is seen in the rest of the world, if

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Speaker 1: he really can be the driving force to bring PA

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Speaker 1: not only to Gaza and the horrific conditions that the

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Speaker 1: people in Gaza have been attempting to live under, some

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Speaker 1: starving to death, a desperately needing to get in. There

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Speaker 1: is a lot of work to be done here, but

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Speaker 1: as I said, we are in a better place today

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Speaker 1: than we were yesterday.

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Speaker 2: Well, assuming this is real, Wendy, and we project to

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Speaker 2: rebuilding Gaza, this could also be extremely complicated. I know

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Speaker 2: the President has talked about making this the Riviera of

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Speaker 2: the Middle East or something, But how do you rebuild

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Speaker 2: Gaza without removing significant portions of the population.

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Speaker 1: I think the riviera concept is a long way off.

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Speaker 5: Gaza has been destroyed.

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Speaker 1: The President has suggested that an Israel has suggested that

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Speaker 1: people move out of Gaza city, but they don't have

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Speaker 1: a fuel to do so, they don't have homes to

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Speaker 1: go to, they don't have a way to move. They're

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Speaker 1: worried about their children and their health. There is little

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Speaker 1: healthcare left. Doctors without borders has left because it was

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Speaker 1: such a dangerous situation. So what is critical here is

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Speaker 1: to get aid in and to begin the rebuilding, and

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Speaker 1: to go back to part of your previous discussion. We

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Speaker 1: don't know whether Hamas will agree to the governmental structure

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Speaker 1: that the presidents agreed to. We don't know if they

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Speaker 1: will disarm, So there are lots of details here yet

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Speaker 1: to go. I know the President United States is desperate

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Speaker 1: for a Nobel Peace Prize. I don't think he's going

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Speaker 1: to get one in twenty twenty five. That will get

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Speaker 1: announced October tenth. All of the nominations are closed, but

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Speaker 1: maybe he's trying to get to twenty twenty six.

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Speaker 2: We'll see how that goes. I know it's something that

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Speaker 2: he's been talking about quite a bit lately. What would

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Speaker 2: this mean then for the future of a Palestinian state

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Speaker 2: and what would it mean for Iran obviously pulling the

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Speaker 2: strings for Hamas.

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Speaker 1: Two very good questions I think for peace in the

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Speaker 1: Middle East, clearly, both the Abraham Accords and the further

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Speaker 1: work that's been done is trying to bring the whole

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Speaker 1: region together. Obviously the fall of Asad was an important

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Speaker 1: piece of that puzzle. Sort of degrading Hasbellah and Hamas

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Speaker 1: and the Syrian militias supported by Iran critical to being

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Speaker 1: able to move forward towards peace. But an enormous amount

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Speaker 1: of work to go on, and it looks like the

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Speaker 1: President is sort of pulling back as sanctions, including the

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Speaker 1: new sanctions at the UN that have just been imposed

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Speaker 1: on Iran, put pressure on Iran in hopes that Iran

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Speaker 1: will do what it needs to do. I think it's

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Speaker 1: a little bit of a risk here, however, probably more

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Speaker 1: than a little bit, because Iran is moving forward to

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Speaker 1: reconstitute its nuclear positions, reconstant to its facilities. Even Israel

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Speaker 1: has said that the huge amount of enriched uranium is

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Speaker 1: probably still there, they have advanced centrifuges to increase the

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Speaker 1: likelihood of getting all that they need for a nuclear weapon.

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Speaker 1: And even if they haven't decided to go there yet,

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Speaker 1: what I call hard heard liners, the Islamic Revolutionary guardcore

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Speaker 1: kud's force is probably pressing to make that decision to

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Speaker 1: go for a nuclear weapon. So I hope there's some

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Speaker 1: backchannel discussions going on with Iran because we cannot really

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Speaker 1: get to peace in the Middle East unless we can

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Speaker 1: also deal with Iran.

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Speaker 2: What would this mean for Iran's other proxies, like those

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Speaker 2: in Yemen, for instance, who've been attacking ships on behalf

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Speaker 2: of what's happening or in protests maybe a better way

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Speaker 2: to put it, of what has been happening in Gaza.

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Speaker 1: Without a doubt what they're doing in Yemen still giving

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Speaker 1: some support to Hesballah, clearly still engaged in some ways,

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Speaker 1: probably with Hamas, and still trying to see what else

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Speaker 1: they can do in the Middle East. So your point

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Speaker 1: is well taken, Joe. This is an issue that really

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Speaker 1: shouldn't be sidelined. The administration should continue, as I said,

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Speaker 1: even if it's through quiet back channels, to make sure

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Speaker 1: that people don't take their attention away from getting what

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Speaker 1: is necessary here in order to make sure that peace

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Speaker 1: can be longstanding if it can be achieved with ending

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Speaker 1: the war in Gossip.

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Speaker 2: Just lastly, Wendy, how does this end if the deal

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Speaker 2: is real? Is there a signing ceremony? And who shows

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Speaker 2: up for Hamas well?

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Speaker 5: I don't know that there's a signing ceremony. I think

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Speaker 5: that Cutter has really been.

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Speaker 1: The country that.

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Speaker 5: Houses Hamas.

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Speaker 1: Whether Hamas's leader would sign a document, I don't see

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Speaker 1: that happening, But I do see a collective action in

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Speaker 1: the Middle East if in fact all these details can

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Speaker 1: be worked out. As of I said, this is a

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Speaker 1: good day, but there is still a lot of detailed

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Speaker 1: work ahead, and I hope all of that detailed work,

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Speaker 1: as the President seemed to indicate, is truly going on,

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Speaker 1: because without it, there are a lot of pieces of

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Speaker 1: the twenty point proposal that Hamas did not address, and

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Speaker 1: we need those answers.

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Speaker 2: A hopeful Wendy Sherman, Senior Fellow at Harvard's Belt for Senator,

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Speaker 2: former Deputy Secretary of State and the Biden administration. Wendy,

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Speaker 2: it's great to have you with this breaking news. Thanks

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Speaker 2: for your insights.