1
00:00:02,520 --> 00:00:03,080
Speaker 1: Good morning.

2
00:00:03,120 --> 00:00:05,960
Speaker 2: I'm Nathan Hager and I'm Karen Moscow. Here are the

3
00:00:05,960 --> 00:00:07,480
Speaker 2: stories we're following today.

4
00:00:07,920 --> 00:00:10,600
Speaker 1: We begin with rising tensions in the Middle East. The

5
00:00:10,760 --> 00:00:14,280
Speaker 1: US carried out more strikes on Houthi targets in Yemen overnight,

6
00:00:14,320 --> 00:00:17,160
Speaker 1: as the Iran backed militant group continues to go after

7
00:00:17,239 --> 00:00:19,720
Speaker 1: red Sea shipping. This is at least the fourth US

8
00:00:19,800 --> 00:00:22,760
Speaker 1: led attack on the Houthis in the past week. Major

9
00:00:22,800 --> 00:00:24,880
Speaker 1: General pat Ryder speaks for the Pentagon.

10
00:00:25,120 --> 00:00:28,480
Speaker 3: The objective here was to disrupt and degrade Hoothy capabilities

11
00:00:28,480 --> 00:00:32,400
Speaker 3: to conduct attacks, and we believe that overall, in terms

12
00:00:32,440 --> 00:00:34,680
Speaker 3: of the scope and the number of strikes that we took,

13
00:00:34,760 --> 00:00:37,600
Speaker 3: we have degraded their ability to attack.

14
00:00:37,720 --> 00:00:41,200
Speaker 1: Pentagon spokesman pat Ryder says the US targeted fourteen Hoothi

15
00:00:41,320 --> 00:00:43,120
Speaker 1: missiles that were primed for launch.

16
00:00:43,760 --> 00:00:47,360
Speaker 2: Meanwhile, Nathan Pakistan's military has carried out strikes against what

17
00:00:47,440 --> 00:00:50,920
Speaker 2: it describes as terrorist hideouts in Iran. The move came

18
00:00:51,000 --> 00:00:54,320
Speaker 2: after Iran attacked a separatist group in a Pakistani province

19
00:00:54,320 --> 00:00:58,440
Speaker 2: along its border. Bloomberg's Middle East Economics and Government editor

20
00:00:58,480 --> 00:01:01,480
Speaker 2: Paul Wallace says the escalator is very unusual.

21
00:01:01,760 --> 00:01:05,960
Speaker 4: The two have a complicated but normally quite cordial relationship.

22
00:01:06,160 --> 00:01:08,640
Speaker 4: This is pretty much unprecedented what we're seeing now with

23
00:01:08,760 --> 00:01:11,880
Speaker 4: both of them striking each other's territory. Of course, they're

24
00:01:11,880 --> 00:01:14,080
Speaker 4: not going for the other government as it were, They

25
00:01:14,120 --> 00:01:16,720
Speaker 4: are going for what they call our terrorists in each

26
00:01:16,760 --> 00:01:19,520
Speaker 4: other's territory. But I think what we're seeing is this

27
00:01:19,560 --> 00:01:23,520
Speaker 4: is just the latest arena opening up in the wider

28
00:01:23,640 --> 00:01:29,000
Speaker 4: Milesian conflict that began in early October when Hamas attack Israel.

29
00:01:28,920 --> 00:01:32,240
Speaker 2: And Bloomberg's Paul Wallace says Pakistan is recalling it's envoy

30
00:01:32,319 --> 00:01:32,920
Speaker 2: from Tehran.

31
00:01:33,120 --> 00:01:35,240
Speaker 1: Well here in these latest incidents in the Middle East

32
00:01:35,280 --> 00:01:38,240
Speaker 1: have oil on the rise. This morning, checking Nimax crewed,

33
00:01:38,240 --> 00:01:40,320
Speaker 1: it's up eight tens of one percent. It's seventy three

34
00:01:40,360 --> 00:01:44,480
Speaker 1: dollars fifteen cents per barrel. Meanwhile, the International Energy Agency

35
00:01:44,520 --> 00:01:47,800
Speaker 1: says global oil markets are likely to remain reasonably well

36
00:01:47,840 --> 00:01:51,320
Speaker 1: supplied this year, provided there are no major disruptions.

37
00:01:51,800 --> 00:01:54,120
Speaker 2: Well, Nathan and the political front at home, the long

38
00:01:54,160 --> 00:01:58,480
Speaker 2: awaited conversation between President Biden and congressional leaders over Ukraine

39
00:01:58,560 --> 00:02:02,080
Speaker 2: AID did not yield results in Bloomberg said. Baxter has

40
00:02:02,120 --> 00:02:02,960
Speaker 2: the story.

41
00:02:03,080 --> 00:02:07,320
Speaker 5: The GOP issue going in border border border at House

42
00:02:07,320 --> 00:02:10,280
Speaker 5: Speaker Mike Johnson says that's what he talked about.

43
00:02:10,360 --> 00:02:12,239
Speaker 6: I told the President what I have been saying for

44
00:02:12,400 --> 00:02:15,960
Speaker 6: many months, and that is that we must have change

45
00:02:15,960 --> 00:02:19,000
Speaker 6: at the border, substantive policy shame.

46
00:02:18,919 --> 00:02:21,560
Speaker 5: And says that was not in the offing. Different picture

47
00:02:21,600 --> 00:02:23,320
Speaker 5: from Senate Majority Leader Chuck Schumer.

48
00:02:23,400 --> 00:02:27,120
Speaker 7: If we don't come to Ukraine's aid that the consequences

49
00:02:27,120 --> 00:02:31,359
Speaker 7: for America around the globe would be nothing short of devastating.

50
00:02:30,880 --> 00:02:34,119
Speaker 5: And President Biden says he told congressional leaders that they

51
00:02:34,639 --> 00:02:38,480
Speaker 5: must act now on the border. At Baxter Bloomberg Radio.

52
00:02:38,280 --> 00:02:39,080
Speaker 2: All right, ed, thanks.

53
00:02:39,120 --> 00:02:41,960
Speaker 1: Secretary of Saint Anthony Blincoln has been representing the US

54
00:02:42,000 --> 00:02:44,680
Speaker 1: at the World Economic Forum in Davos this week. He

55
00:02:44,760 --> 00:02:48,680
Speaker 1: left Switzerland yesterday, but not before a delay on the tarmac.

56
00:02:48,760 --> 00:02:51,120
Speaker 1: There was an oxygen leak on his Boeing jet and

57
00:02:51,160 --> 00:02:53,400
Speaker 1: it couldn't be fixed, so a smaller jet had to

58
00:02:53,400 --> 00:02:55,520
Speaker 1: be flown in from Brussels to take b Lincoln back

59
00:02:55,560 --> 00:02:58,040
Speaker 1: to Washington. Many of his aides and members of the

60
00:02:58,040 --> 00:03:00,520
Speaker 1: press pool had to fly commercially well.

61
00:03:00,560 --> 00:03:03,520
Speaker 2: Speaking of DeVos, Nathan Bloomberg News has been speaking all

62
00:03:03,520 --> 00:03:06,360
Speaker 2: week to executives and politicians from around the world at

63
00:03:06,360 --> 00:03:08,640
Speaker 2: the World Economic Forum This morning, we caught up with

64
00:03:08,680 --> 00:03:13,040
Speaker 2: the CEO of Barclays Csvakata Krishnan defended his firm's investment

65
00:03:13,080 --> 00:03:13,880
Speaker 2: banking division.

66
00:03:14,320 --> 00:03:16,679
Speaker 8: We are the leading investment bank domicide outside of the

67
00:03:16,760 --> 00:03:20,480
Speaker 8: United States, and what I find in my travels, especially

68
00:03:20,480 --> 00:03:22,720
Speaker 8: in the world and the geopolitical world in which we live,

69
00:03:23,240 --> 00:03:26,320
Speaker 8: is people are looking for a partner in a counterpart

70
00:03:26,360 --> 00:03:27,680
Speaker 8: who's not just a US bank.

71
00:03:28,000 --> 00:03:31,040
Speaker 2: Cs Venkata Krishnan ed of that Barclays has been reviewing

72
00:03:31,040 --> 00:03:33,560
Speaker 2: its strategy for months. He spoke with Bloomberg's franc In

73
00:03:33,600 --> 00:03:36,040
Speaker 2: Laqua at the World Economic Forum in Davos.

74
00:03:36,120 --> 00:03:38,320
Speaker 1: All turning to Wall Street, Karen investors are waiting for

75
00:03:38,360 --> 00:03:41,440
Speaker 1: another key economic report as doubt grows on when the

76
00:03:41,480 --> 00:03:43,880
Speaker 1: Fed will start cutting rates. Let's get the latest with

77
00:03:43,920 --> 00:03:44,960
Speaker 1: Bloomberg's John Tucker.

78
00:03:45,040 --> 00:03:48,560
Speaker 9: John and Nathan Jobless claims could be particularly telling now

79
00:03:48,560 --> 00:03:52,119
Speaker 9: that seasonal layoffs around the holidays are largely complete. Bloomberg

80
00:03:52,160 --> 00:03:54,680
Speaker 9: Economics says there have been plenty of signs the labor

81
00:03:54,680 --> 00:03:58,960
Speaker 9: market is weakening fast. This data comes as traders have

82
00:03:59,280 --> 00:04:02,400
Speaker 9: recalibrated their wagers and the timing and extent of indust

83
00:04:02,440 --> 00:04:05,280
Speaker 9: rate cuts. The swaps pricing shows the chances of a

84
00:04:05,320 --> 00:04:08,240
Speaker 9: FED rate cut at March. Slip blows sixty percent for

85
00:04:08,280 --> 00:04:10,920
Speaker 9: the first time since the middle of December. That's down

86
00:04:10,960 --> 00:04:14,640
Speaker 9: from eighty percent just on Friday. The poly see sensitive

87
00:04:14,680 --> 00:04:18,400
Speaker 9: two year yield jump fourteen basis points on Wednesday, its

88
00:04:18,440 --> 00:04:22,360
Speaker 9: biggest one day gain since June. I'm John Tucker, Bloomberg Radio.

89
00:04:22,680 --> 00:04:25,120
Speaker 2: All right, John, thanks. In corporate news, Apple we'll sell

90
00:04:25,120 --> 00:04:28,800
Speaker 2: it smartwatches without a blood oxygen feature in the United

91
00:04:28,839 --> 00:04:30,960
Speaker 2: States after it lost a legal dispute with the health

92
00:04:30,960 --> 00:04:34,279
Speaker 2: technology company Massimo. The new models will still include the

93
00:04:34,360 --> 00:04:37,320
Speaker 2: blood oxygen monitoring tool, but it won't function.

94
00:04:37,680 --> 00:04:40,240
Speaker 1: And in another blow to Apple, Karen Netflix says it's

95
00:04:40,279 --> 00:04:43,440
Speaker 1: not planning to launch an app for the Vision Pro headset.

96
00:04:43,680 --> 00:04:46,839
Speaker 1: This is a sizeable omission for the thirty five hundred

97
00:04:46,920 --> 00:04:51,160
Speaker 1: dollars technology, which debuts next month. Apple's banking on entertainment

98
00:04:51,200 --> 00:04:54,680
Speaker 1: content to help market the Vision Pro. Netflix is a

99
00:04:54,760 --> 00:04:57,480
Speaker 1: must have streaming service for many consumers.

100
00:04:57,320 --> 00:05:00,320
Speaker 2: And staying in the tech sector here Nathan Cheryl's sen Berg,

101
00:05:00,440 --> 00:05:03,320
Speaker 2: we'll step down from the board of Meta Platforms this year.

102
00:05:03,320 --> 00:05:05,160
Speaker 2: We get more from Bloomberg's Doug Prisner.

103
00:05:05,520 --> 00:05:08,400
Speaker 6: Sandberg joined Facebook in two thousand and eight as second

104
00:05:08,480 --> 00:05:11,279
Speaker 6: to co founder Mark Zuckerberg, and she served as chief

105
00:05:11,320 --> 00:05:15,200
Speaker 6: operating officer, helping to grow Facebook from a promising internet

106
00:05:15,279 --> 00:05:19,760
Speaker 6: startup into a digital advertising powerhouse. Sandberg often served as

107
00:05:19,800 --> 00:05:23,839
Speaker 6: the public face of the company, particularly among policymakers and regulators.

108
00:05:24,200 --> 00:05:26,880
Speaker 6: She left the COO roll in twenty twenty two, but

109
00:05:27,000 --> 00:05:30,480
Speaker 6: remained a director. At the same time, Sandberg began spending

110
00:05:30,520 --> 00:05:34,040
Speaker 6: more time on philanthropic efforts. Now she'll serve as an

111
00:05:34,040 --> 00:05:37,400
Speaker 6: advisor to Meta. It's unclear if Meta plans to replace

112
00:05:37,440 --> 00:05:40,880
Speaker 6: Sandberg on the board. In New York Time, Doug Prisoner, Bloomberg.

113
00:05:40,560 --> 00:05:46,120
Speaker 2: Radio Hall, Ry Nathan, Thanks, it's time now for a

114
00:05:46,160 --> 00:05:48,159
Speaker 2: look at some of the other stories making news around

115
00:05:48,160 --> 00:05:50,919
Speaker 2: the world. For that, we're joined by Bloomberg's Amy Morris. Amy,

116
00:05:50,960 --> 00:05:52,760
Speaker 2: good morning, Good morning, Karen.

117
00:05:52,800 --> 00:05:55,440
Speaker 10: The Senate is set to hold a series of votes

118
00:05:55,480 --> 00:05:58,880
Speaker 10: on the final passage of that stockgap funding bill. Senate

119
00:05:58,920 --> 00:06:02,400
Speaker 10: Majority Leader Chuck Shutmer says it's next up to the House.

120
00:06:02,440 --> 00:06:04,760
Speaker 7: We hope that the House will take up this bill

121
00:06:04,800 --> 00:06:07,960
Speaker 7: before the Friday deadline, with bipartisan support.

122
00:06:08,880 --> 00:06:11,880
Speaker 10: The stopgap funding bill is expected to easily pass the

123
00:06:11,920 --> 00:06:15,520
Speaker 10: Senate today. The funding deadlines tomorrow night. The New Hampshire

124
00:06:15,560 --> 00:06:18,640
Speaker 10: primary only days away. Nikki haley 'ron de Santa's trying

125
00:06:18,680 --> 00:06:22,039
Speaker 10: to push ahead after Donald Trump's commanding performance in Iowa.

126
00:06:22,240 --> 00:06:25,839
Speaker 10: Bloomberg Senior national political correspondent Nancy Cook tells us Donald

127
00:06:25,880 --> 00:06:28,840
Speaker 10: Trump has turned his focus now to Nicki Haley.

128
00:06:29,440 --> 00:06:33,240
Speaker 11: Trump is sending out missives about Nikki Hilly. They're advertising

129
00:06:33,279 --> 00:06:36,280
Speaker 11: against her. He's doing rallies and what he's going to

130
00:06:36,360 --> 00:06:37,919
Speaker 11: and he and his team are going to spend the

131
00:06:37,920 --> 00:06:40,919
Speaker 11: week doing is really calling out Nikki Hilly on a

132
00:06:40,920 --> 00:06:43,680
Speaker 11: bunch of policy positions past date means she's made on

133
00:06:43,760 --> 00:06:46,719
Speaker 11: raising the retirement age, what she has said on China,

134
00:06:47,000 --> 00:06:49,600
Speaker 11: and it's really going to be vicious for the next week.

135
00:06:49,800 --> 00:06:53,880
Speaker 10: Bloomberg Senior national political correspondent Nancy Cook says Haley does

136
00:06:53,960 --> 00:06:56,880
Speaker 10: need a strong showing in New Hampshire before moving on

137
00:06:56,920 --> 00:06:59,760
Speaker 10: to her home state of South Carolina, which Cook says

138
00:06:59,839 --> 00:07:03,840
Speaker 10: is Trump Country. The anniversary of the Supreme Court decision

139
00:07:03,880 --> 00:07:07,440
Speaker 10: overturning Roe v. Wade comes up on Monday. Senate Democrats

140
00:07:07,440 --> 00:07:09,520
Speaker 10: held a briefing on the state of abortion rights in

141
00:07:09,560 --> 00:07:12,360
Speaker 10: the US, and they were joined by doctor Austin Dennard,

142
00:07:12,360 --> 00:07:14,240
Speaker 10: an obgyn in Texas.

143
00:07:14,320 --> 00:07:16,760
Speaker 2: We no longer have the basic human rights for freedom

144
00:07:16,840 --> 00:07:20,920
Speaker 2: and self determination that my mother and her generation relied

145
00:07:20,920 --> 00:07:22,920
Speaker 2: on for nearly fifty years.

146
00:07:23,000 --> 00:07:26,320
Speaker 10: The lawmakers suggested the vast majority of Americans support the

147
00:07:26,400 --> 00:07:28,960
Speaker 10: right to abortion, and that it should be women making

148
00:07:29,000 --> 00:07:33,280
Speaker 10: decisions about their pregnancies, not politicians or judges. Fourteen Democrats

149
00:07:33,280 --> 00:07:37,320
Speaker 10: are joining House Republicans and denouncing President Biden's border policies.

150
00:07:37,640 --> 00:07:40,680
Speaker 10: A GOP resolution passed in the House yesterday with full

151
00:07:40,720 --> 00:07:43,320
Speaker 10: Republican support, urging Biden to end what they call his

152
00:07:43,400 --> 00:07:47,520
Speaker 10: administration's open border policy. Former President Trump says he is

153
00:07:47,560 --> 00:07:49,480
Speaker 10: the one who should be seeing a payday from the

154
00:07:49,520 --> 00:07:53,960
Speaker 10: Egene to Carrol defamation trial. A judge overseeing Carroll's defamation

155
00:07:54,040 --> 00:07:57,840
Speaker 10: trial against Trump threatened to toss him out after Carroll's

156
00:07:57,880 --> 00:08:00,520
Speaker 10: lawyers complained that he was making comments that the jury

157
00:08:00,560 --> 00:08:03,440
Speaker 10: could hear global news twenty four hours a day and

158
00:08:03,440 --> 00:08:05,200
Speaker 10: whenever you want it with Bloomberg News.

159
00:08:05,200 --> 00:08:05,440
Speaker 12: Now.

160
00:08:05,760 --> 00:08:08,120
Speaker 10: I'm Amy Morris, and this is Bloomberg.

161
00:08:08,160 --> 00:08:10,080
Speaker 2: Karen, All right, Amy, thank you. What we do bring

162
00:08:10,080 --> 00:08:12,840
Speaker 2: you news throughout the day right here on Bloomberg Radio.

163
00:08:12,960 --> 00:08:14,800
Speaker 2: But now, as Amy said, you can get the latest

164
00:08:14,840 --> 00:08:18,160
Speaker 2: news on demand. That means whenever you want it, to

165
00:08:18,200 --> 00:08:20,360
Speaker 2: subscribe to Bloomberg News Now, and you can get the

166
00:08:20,400 --> 00:08:22,760
Speaker 2: latest headlines right at the click of a button. Get

167
00:08:22,760 --> 00:08:26,000
Speaker 2: informed on your schedule. You can listen and subscribe to

168
00:08:26,040 --> 00:08:29,440
Speaker 2: Bloomberg News Now on the Bloomberg Business app, Bloomberg dot

169
00:08:29,480 --> 00:08:33,359
Speaker 2: Com plus apples, Spotify, and anywhere else you get your podcasts.

170
00:08:37,040 --> 00:08:39,920
Speaker 2: So nice time. Now for the Bloomberg Sports Update, here's

171
00:08:39,960 --> 00:08:40,800
Speaker 2: John stash Hour.

172
00:08:40,960 --> 00:08:44,240
Speaker 12: John Karny can forget about the idea of Bill Belichay

173
00:08:44,280 --> 00:08:47,559
Speaker 12: coaching the Dallas Cowboys. Mike McCarthy is keeping his job.

174
00:08:47,600 --> 00:08:49,679
Speaker 12: I'll be back for a fifth season. He's certainly had

175
00:08:50,080 --> 00:08:54,000
Speaker 12: regular season success in Dallas, not so much in the postseason,

176
00:08:54,040 --> 00:08:56,200
Speaker 12: where he's one to three, and of course the Cowboys

177
00:08:56,200 --> 00:08:59,000
Speaker 12: were just upset at home by Green Bay. As for

178
00:08:59,080 --> 00:09:01,560
Speaker 12: Belichick's old job in New England and now belongs to

179
00:09:01,640 --> 00:09:04,439
Speaker 12: Gerard and Mayo, he was a former Patriots player and

180
00:09:04,520 --> 00:09:07,480
Speaker 12: assistant coach. He actually had it written into his contract

181
00:09:07,640 --> 00:09:09,280
Speaker 12: that he will replace fellowchick.

182
00:09:09,360 --> 00:09:11,960
Speaker 13: I'm not trying to be Bill. I think that Bill

183
00:09:12,040 --> 00:09:14,720
Speaker 13: is his own man. If you can't sell by now,

184
00:09:14,760 --> 00:09:17,680
Speaker 13: I'm a little bit different even up here. But what

185
00:09:17,760 --> 00:09:20,800
Speaker 13: I will say is, you know, the more I think about,

186
00:09:21,480 --> 00:09:25,120
Speaker 13: the more I think about, like the lessons side I've

187
00:09:25,160 --> 00:09:27,640
Speaker 13: taken from Bill.

188
00:09:26,760 --> 00:09:27,640
Speaker 3: Hard work works.

189
00:09:28,360 --> 00:09:30,920
Speaker 12: Mayo gets the job at the age of thirty seven.

190
00:09:31,000 --> 00:09:33,760
Speaker 12: Trade the NBA Toronto, who made a big trade with

191
00:09:33,920 --> 00:09:36,880
Speaker 12: the Knicks, recently made another one with Indiana. Sidney two

192
00:09:36,880 --> 00:09:39,880
Speaker 12: time All star in Pascal Siakam to the Pacers for

193
00:09:40,000 --> 00:09:43,520
Speaker 12: Bruce Brown and three first round draft picks. The Raptors

194
00:09:43,520 --> 00:09:46,600
Speaker 12: then won by twenty four over Miami. The Celtics won

195
00:09:46,679 --> 00:09:49,640
Speaker 12: easily over San Antonio once seventeen to ninety eight, and

196
00:09:49,720 --> 00:09:52,840
Speaker 12: the Celtics are now twenty to zero at home. Lakers

197
00:09:52,880 --> 00:09:56,000
Speaker 12: beat Dallas, Knicks beat Houston, Portland a two point win

198
00:09:56,360 --> 00:09:59,920
Speaker 12: over Brooklyn College Basketball Yukon number one in the country

199
00:10:00,120 --> 00:10:03,040
Speaker 12: now sixteen and two with a win over Creighton at

200
00:10:03,080 --> 00:10:05,360
Speaker 12: the Australian Open. The top seat on the women's side,

201
00:10:05,480 --> 00:10:10,040
Speaker 12: Aschiantek had some troubles but got by Danielle collins Ken's fish.

202
00:10:10,080 --> 00:10:11,319
Speaker 12: There were bloomberg sport.

203
00:10:13,679 --> 00:10:16,720
Speaker 14: From coast to coast, from New York to San Francisco,

204
00:10:17,040 --> 00:10:21,679
Speaker 14: Boston to Washington, DC, nationwide on Syria's Exam, the Bloomberg

205
00:10:21,720 --> 00:10:25,880
Speaker 14: Business app, and Bloomberg dot Com. This is Bloomberg Daybreak.

206
00:10:26,920 --> 00:10:27,360
Speaker 9: Good morning.

207
00:10:27,400 --> 00:10:31,040
Speaker 1: I'm Nathan Hager. Geopolitical risk has certainly not gone away

208
00:10:31,120 --> 00:10:33,840
Speaker 1: for markets, but now it's getting even more attention following

209
00:10:33,880 --> 00:10:37,040
Speaker 1: the latest US strikes on Hoothy targets in Yemen. There

210
00:10:37,120 --> 00:10:40,760
Speaker 1: was another round overnight. Now Pakistan is engaged in tit

211
00:10:40,840 --> 00:10:44,559
Speaker 1: for tit attacks with the Hoothy's main backer, Iran. All

212
00:10:44,600 --> 00:10:47,280
Speaker 1: this as the war between Israel and Hamas rages on

213
00:10:47,440 --> 00:10:49,600
Speaker 1: in Gaza. So for the very latest, we are joined

214
00:10:49,600 --> 00:10:53,280
Speaker 1: by Bloomberg News Senior editor Bill Ferries. Bill start us

215
00:10:53,320 --> 00:10:56,319
Speaker 1: off with the latest on these US strikes against the Houthies.

216
00:10:56,440 --> 00:11:00,959
Speaker 15: What's the latest, Hi, Thanks for having me, Nathan ut overnight.

217
00:11:01,559 --> 00:11:04,240
Speaker 15: It's just been a busy past several hours. Overnight, the

218
00:11:04,360 --> 00:11:08,680
Speaker 15: US launched strikes on what it said were fourteen Houtie

219
00:11:08,679 --> 00:11:12,720
Speaker 15: missiles and Yemen that they said presented an imminent threat

220
00:11:12,760 --> 00:11:15,120
Speaker 15: to vessels in the region. They said these missiles were

221
00:11:15,160 --> 00:11:18,360
Speaker 15: basically loaded and ready to be fired off, and that

222
00:11:18,440 --> 00:11:22,600
Speaker 15: the US was acting preemptively to target them and destroy

223
00:11:22,640 --> 00:11:25,560
Speaker 15: them before they could do more damage. It's the fourth

224
00:11:25,679 --> 00:11:29,520
Speaker 15: round of US strikes or US led strikes on Yemen

225
00:11:29,880 --> 00:11:33,280
Speaker 15: over really about the last week or so, and it

226
00:11:33,360 --> 00:11:37,080
Speaker 15: came just hours after the UTIES managed to launch another

227
00:11:37,920 --> 00:11:42,000
Speaker 15: attack on a commercial vessel, a US owned vessel in

228
00:11:42,120 --> 00:11:44,400
Speaker 15: the Red Sea. So I think what we've seen is

229
00:11:44,400 --> 00:11:47,880
Speaker 15: that these multiple rounds of attacks have not prevented the

230
00:11:47,960 --> 00:11:51,640
Speaker 15: HUTIES from being able to still get some strikes in

231
00:11:51,800 --> 00:11:53,880
Speaker 15: against ships in the Red Sea, and that of course

232
00:11:53,920 --> 00:11:57,160
Speaker 15: has been a big disruption for global trade. You've got

233
00:11:57,200 --> 00:11:59,800
Speaker 15: a lot of shipping companies trying to re route around

234
00:11:59,840 --> 00:12:04,280
Speaker 15: the around the Tip of Africa or find other ways

235
00:12:04,320 --> 00:12:06,000
Speaker 15: to get their goods to market, and.

236
00:12:06,040 --> 00:12:09,560
Speaker 1: We're seeing modest movement in the oil market in light

237
00:12:09,640 --> 00:12:13,880
Speaker 1: of these latest attacks. Is there a risk now that

238
00:12:14,040 --> 00:12:18,160
Speaker 1: the US could be drawn even further into action in Yemen,

239
00:12:18,559 --> 00:12:20,920
Speaker 1: given that we are still seeing the HOO, the THEES

240
00:12:21,080 --> 00:12:23,480
Speaker 1: managing to carry out strikes in the Red Sea.

241
00:12:24,480 --> 00:12:27,360
Speaker 15: Yeah, I mean, I don't think there's nobody really at

242
00:12:27,360 --> 00:12:30,120
Speaker 15: this point talking about some kind of a ground invasion

243
00:12:30,280 --> 00:12:32,680
Speaker 15: or anything, but there are you know, the US and

244
00:12:32,720 --> 00:12:35,360
Speaker 15: its allies have a lot of firepower based in the

245
00:12:35,360 --> 00:12:37,960
Speaker 15: Red Sea. At this point there aren't nearly as many

246
00:12:38,000 --> 00:12:41,920
Speaker 15: commercial vessels going through there, but they're still unable to

247
00:12:42,559 --> 00:12:45,079
Speaker 15: stop these kind of attacks, and you have to start

248
00:12:45,120 --> 00:12:48,680
Speaker 15: wondering how long can this go on? How long will

249
00:12:48,720 --> 00:12:52,200
Speaker 15: global trade be disrupted, When will that really start to

250
00:12:52,280 --> 00:12:55,280
Speaker 15: emerge in the prices that consumers pay for a whole

251
00:12:55,400 --> 00:12:57,560
Speaker 15: range of goods, and what of course will be the

252
00:12:57,640 --> 00:13:00,679
Speaker 15: human cost on all this. But it's certainly seems at

253
00:13:00,679 --> 00:13:03,120
Speaker 15: this point that this could drag on for weeks, if

254
00:13:03,160 --> 00:13:04,000
Speaker 15: not months.

255
00:13:04,000 --> 00:13:07,040
Speaker 1: And this raises a question as well about whether Iran

256
00:13:07,280 --> 00:13:09,600
Speaker 1: can bring any influence to bear here. But now we're

257
00:13:09,600 --> 00:13:14,000
Speaker 1: seeing Iran engaged in attacks with Pakistan, and of course

258
00:13:14,040 --> 00:13:17,360
Speaker 1: it continues to back has Balan of course Hamas in.

259
00:13:17,360 --> 00:13:20,920
Speaker 15: Gaza exactly, and they're actually even on top of all that,

260
00:13:20,960 --> 00:13:24,520
Speaker 15: there was an Iranian attack on a facility in northern

261
00:13:24,600 --> 00:13:27,280
Speaker 15: Iraq just a day or so ago. But yeah, the

262
00:13:27,360 --> 00:13:32,959
Speaker 15: latest we found that Pakistan had a reprisal attack against

263
00:13:32,960 --> 00:13:38,080
Speaker 15: Iran overnight responding to attacks from Iran. On Wednesday, they

264
00:13:38,160 --> 00:13:41,439
Speaker 15: hit targeted strikes on what they said were militant hideouts

265
00:13:41,480 --> 00:13:45,400
Speaker 15: in Iran. And this is not something that really anyone

266
00:13:45,559 --> 00:13:49,480
Speaker 15: was really predicting. Even a weaker or so ago, you'd

267
00:13:49,480 --> 00:13:52,800
Speaker 15: have Pakistan and Iran involved in some kind of a conflict.

268
00:13:53,040 --> 00:13:56,040
Speaker 15: It does look like now that both sides are trying

269
00:13:56,200 --> 00:14:00,200
Speaker 15: to find a way to talk each other down. You

270
00:14:00,280 --> 00:14:03,000
Speaker 15: even have the Pakistan Army saying that it's a time

271
00:14:03,080 --> 00:14:05,920
Speaker 15: for dialogue. It was a similar message coming out of

272
00:14:05,960 --> 00:14:10,559
Speaker 15: Pakistan's Foreign ministry today. But it is a very unsettled situation,

273
00:14:11,080 --> 00:14:13,280
Speaker 15: and of course both sides have to play to their

274
00:14:13,320 --> 00:14:17,600
Speaker 15: domestic political constituencies. So while there is some expectation that

275
00:14:17,679 --> 00:14:21,240
Speaker 15: maybe there's been a proportionate response and things will start

276
00:14:21,280 --> 00:14:23,920
Speaker 15: to ease, there's no certainty of that at this point.

277
00:14:24,560 --> 00:14:27,920
Speaker 1: And of course a Pakistan and Iran both have the

278
00:14:28,240 --> 00:14:31,680
Speaker 1: support and alliance with China. Is there a role for

279
00:14:31,840 --> 00:14:35,720
Speaker 1: China here in trying to bring some of these tensions

280
00:14:35,800 --> 00:14:37,880
Speaker 1: in the Middle East down from a boil.

281
00:14:38,880 --> 00:14:39,120
Speaker 14: Yeah.

282
00:14:39,160 --> 00:14:42,440
Speaker 15: Publicly, China is not saying very much other than that

283
00:14:43,000 --> 00:14:45,760
Speaker 15: it's tracking the developments and they said they want both

284
00:14:45,800 --> 00:14:51,080
Speaker 15: sides to exercise restraint and calmness. But I would think

285
00:14:51,360 --> 00:14:54,080
Speaker 15: you would think behind the scenes, China does not want

286
00:14:54,120 --> 00:14:56,680
Speaker 15: to see two of its kind of key allies in

287
00:14:56,720 --> 00:15:00,000
Speaker 15: that region fighting with each other. That's a big distress

288
00:15:00,440 --> 00:15:03,560
Speaker 15: for it, I think. I think so far China has

289
00:15:03,600 --> 00:15:05,640
Speaker 15: been happy to see the US taking the lead in

290
00:15:05,680 --> 00:15:08,480
Speaker 15: places like the Red Sea. It has not engaged with

291
00:15:08,560 --> 00:15:11,640
Speaker 15: the Israel Hamas conflict very much at all. But it

292
00:15:11,680 --> 00:15:15,520
Speaker 15: doesn't want to see its partners starting to fight, you know,

293
00:15:15,560 --> 00:15:18,320
Speaker 15: and militarily start to go after each other in such

294
00:15:18,320 --> 00:15:19,480
Speaker 15: a critical part of the world.

295
00:15:21,360 --> 00:15:24,280
Speaker 1: This is Bloomberg day Break Today, your morning brief on

296
00:15:24,360 --> 00:15:27,880
Speaker 1: the stories making news from Wall Street to Washington and beyond.

297
00:15:28,160 --> 00:15:30,920
Speaker 2: Look for us on your podcast feed at six am

298
00:15:31,000 --> 00:15:34,680
Speaker 2: Eastern each morning, on Apple, Spotify, and anywhere else you

299
00:15:34,720 --> 00:15:35,880
Speaker 2: get your podcasts.

300
00:15:36,040 --> 00:15:38,720
Speaker 1: You can also listen live each morning starting at five

301
00:15:38,760 --> 00:15:41,360
Speaker 1: am Wall Street time on Bloomberg eleven three to zero

302
00:15:41,400 --> 00:15:44,240
Speaker 1: in New York, Bloomberg ninety nine to one in Washington,

303
00:15:44,360 --> 00:15:47,240
Speaker 1: Bloomberg one oh six to one in Boston, and Bloomberg

304
00:15:47,320 --> 00:15:49,000
Speaker 1: ninety sixty in San Francisco.

305
00:15:49,360 --> 00:15:52,520
Speaker 2: Our flagship New York station is also available on your

306
00:15:52,560 --> 00:15:57,640
Speaker 2: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.

307
00:15:57,680 --> 00:16:00,560
Speaker 1: Plus listen coast to coast on the Bloomberg Business app.

308
00:16:00,680 --> 00:16:04,840
Speaker 1: Serious XMVI iHeartRadio app and on Bloomberg dot Com. I'm

309
00:16:04,880 --> 00:16:05,840
Speaker 1: Nathan Hager.

310
00:16:05,600 --> 00:16:08,760
Speaker 2: And I'm Karen Moscow. Join us again tomorrow morning for

311
00:16:08,880 --> 00:16:11,400
Speaker 2: all the news you need to start your day right

312
00:16:11,400 --> 00:16:13,080
Speaker 2: here on Bloomberg Daybreak