WEBVTT -  Israel Attacks Iran’s Nuclear Sites, Kills Senior Commanders 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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<v Speaker 2>John Talker sitting in for Alex steel On. Paul Swiney're

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<v Speaker 2>live here in our Bloomberg Interactive Broker studio in New

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<v Speaker 2>York City. Were streaming live on YouTube as well. What

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<v Speaker 2>we've been trying to do all day today, starting at

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<v Speaker 2>seven am with Tom Keen and surveillance, is just to

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<v Speaker 2>try to find some guests here who are experienced and

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<v Speaker 2>educated in all things in the complexities of the Middle

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<v Speaker 2>East and help us the audience to get some context

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<v Speaker 2>about what's happening in the Middle Eastern. Next guest as

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<v Speaker 2>certainly one of those folks, Aaron David Miller, Senior Fellow

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<v Speaker 2>at the Carnegie Endowment for International Peace, joining us from Washington,

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<v Speaker 2>DC via zoom Here. Aaron, We've had presidents and President's

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<v Speaker 2>Trump urging Israel to have restraint, particularly as it relates

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<v Speaker 2>to Iran. But I guess today Iran said, Hey, the

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<v Speaker 2>risks to us are just too high. Iran is making

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<v Speaker 2>too much progress on the nuclear front. We had to act.

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<v Speaker 2>What kind of contexts? How do you view what happened

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<v Speaker 2>last night?

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<v Speaker 3>It's a long movie, guys, and thanks for having me.

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<v Speaker 3>First of all, I think the Israeli's acted in large

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<v Speaker 3>part because you have an his early prime minister who

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<v Speaker 3>is now very risk ready his lifelong mission is to

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<v Speaker 3>Freezer from the shadow of an Irani and bomb. And

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<v Speaker 3>the Israeli's not just the prime minister, get behind this

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<v Speaker 3>idea of the Began doctrine. You know that in the

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<v Speaker 3>summer of nineteen eighty one, then Israeli Prime Minister of

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<v Speaker 3>Monock and Began went after the Assira reactor in Iraq

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<v Speaker 3>and destroyed it. The Americans destroyed the reactor again, by

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<v Speaker 3>the way, during their campaigns in Iraq, just doing the

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<v Speaker 3>Reagan administration, and Reagan's not very happy with the Israeli decisions.

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<v Speaker 3>He later came to regret it, though, and agreed with

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<v Speaker 3>Began that getting rid of the reactor was a wise move.

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<v Speaker 3>In this case, I think the first Democratic and Republican

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<v Speaker 3>president ever did not communicate in an unmistakable way to

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<v Speaker 3>the Prime Minister of Israel, and they talked on Thursday.

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<v Speaker 3>We're not sure what the conversation was before these strikes tomorrow,

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<v Speaker 3>last night, and this morning. Let's put this way, Donald

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<v Speaker 3>Trump did not say no. Had he wanted to say no,

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<v Speaker 3>he could have brought to bear an enormous amount of

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<v Speaker 3>leverage and pressure to dissuade the Israelies from not striking.

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<v Speaker 3>So I don't think that conversation was necessary. He may

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<v Speaker 3>have had doubts, but I think in the end he's

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<v Speaker 3>simply enabled to exceed an acquiesced in the Prime Minister's decision.

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<v Speaker 3>And remember, the negotiations were supposed to zoom on Sunday

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<v Speaker 3>in Oman, and yet the administration kept saying right up

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<v Speaker 3>to the end. Five hours before the strikes, the President

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<v Speaker 3>tweeted on true Social that he hoped there would be

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<v Speaker 3>a diplomatic ending to this. So the administration cooperated with

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<v Speaker 3>this ruse. And right now we are waiting for the

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<v Speaker 3>Iranian response. It could be weeks before it occurs. They're

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<v Speaker 3>clearly knocked off balance. Much of their general staff has

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<v Speaker 3>been eliminated, former head of the Iran Iranian Revolutionary Guard eliminated,

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<v Speaker 3>Chief of staff for the Iranian military eliminating the Israelis.

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<v Speaker 3>They are still ongoing now, striking ballistic missile sites you

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<v Speaker 3>wa East sites, drone sites in effort to repress and

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<v Speaker 3>suppress whatever remains of Iran's air defense. There will be

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<v Speaker 3>an Iranian response. It may be asymmetrical, using terror against

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<v Speaker 3>Israeli or Jewish targets. There's a history there. It could

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<v Speaker 3>be a while. And then you raised the question, or

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<v Speaker 3>I'd raise it, what are the Iranians going to respond to? Well,

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<v Speaker 3>they confine their strikes to the United Two, I'm sorry,

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<v Speaker 3>to Israel proper. Or are they going to go after

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<v Speaker 3>American assets in the Gulf, or in Iraq, or in

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<v Speaker 3>Syria or oil infrastructure in Saudi Arabia. I would bet,

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<v Speaker 3>given how weak and vulnerable the Iranians are, they'd probably,

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<v Speaker 3>at least at this stage confine their response to Israel.

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<v Speaker 4>A secretary at Rubio said this was a unilateral action.

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<v Speaker 4>Then we got a tweet or something on social media

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<v Speaker 4>from the President that said, among other things, the next

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<v Speaker 4>attack being planned will be quote even more brutal and

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<v Speaker 4>begs the question for me, what is US foreign policy

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<v Speaker 4>with respect to this?

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<v Speaker 3>Well, I think the President had made a judgment he

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<v Speaker 3>obviously argued the Iranian negotiations were not producing. He gave

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<v Speaker 3>them two months to reach an agreement, which is an

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<v Speaker 3>unrealistic deadline. To be sure, that deadline was reached June eleven,

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<v Speaker 3>and that Thursday overnight, Thursday Friday morning, they attack. So no,

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<v Speaker 3>I think the administration rode the tiger of what the

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<v Speaker 3>Israelis now have in this region, which is an escalation dominance.

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<v Speaker 3>They've essentially hollowed out Hamasa as a military organization. They've

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<v Speaker 3>basically decimated his Bullah, as well as the statement saying

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<v Speaker 3>remarkably they would not initiate any activity in response to

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<v Speaker 3>what the Israelis have done. So I think that right

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<v Speaker 3>now the NFC presidents chairing an NFSC meeting, i'd say

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<v Speaker 3>the priorities you asked me what US foreign policy will

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<v Speaker 3>be in this case, I think there are three or

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<v Speaker 3>four issues. Number One, protect Americans. Make sure that the

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<v Speaker 3>sites that are vulnerable are as hardened as they could be.

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<v Speaker 3>Number Two, prepare for a significant defense. Assistance of Israel

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<v Speaker 3>helped the Israelis multi layer their own defenses, as the

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<v Speaker 3>Biden administration did in response to the Iranian attacks last year.

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<v Speaker 3>In April October. That's number two, Number three Coordinate Regional

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<v Speaker 3>defense unnamed golf countries in April and October helped both

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<v Speaker 3>intelligence wise and participation in an Aaron missile defense shield

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<v Speaker 3>remarkably supporting Israel in the face of that Iranian attack.

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<v Speaker 3>Jordan shot down Jernes in April, last April and October,

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<v Speaker 3>and US deployed F fifteen specially equipped with interceptors to

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<v Speaker 3>protect and help the Jordans airspace. The final piece of

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<v Speaker 3>what policy would be, are they looking for a way

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<v Speaker 3>to de escalate. Will they try and push a doubt

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<v Speaker 3>for something in the Security Council, but some sort of

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<v Speaker 3>initiative that would try to get the Iranians back to

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<v Speaker 3>the negotiating table. That's going to be a very heavy lift, though, Guy,

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<v Speaker 3>and the Iranians invested five trillion dollars over time in

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<v Speaker 3>this nuclear program. They are humiliated. They are embarrassed to

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<v Speaker 3>the extreme. So I think we're talking about we're beginning

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<v Speaker 3>to a very long and very difficult Israeli Iranian confrontation.

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<v Speaker 2>Aaron, thank you so much for joining us. Really appreciate

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<v Speaker 2>getting a few minutes of your time, Aaron. David Miller,

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<v Speaker 2>he's a Senior Fellow at the carnegieen Dowment for International

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<v Speaker 2>Piece in Washington, TC, joining us of via zoom.

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<v Speaker 1>You're listening to the Bloomberg Intelligence Podcast. Catch us live

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<v Speaker 1>weekdays at ten am Eastern on Apple, Cocklay and Android

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<v Speaker 1>Auto with the Bloomberg Business App. Listen on demand wherever

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<v Speaker 2>Let's get back to the geopolitical topic of the day,

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<v Speaker 2>Israel and Iren. Ariel Cohen joins his senior fellow at

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<v Speaker 2>the Atlanta Council, joining us from Stockholm, Sweden of via zoom. Ariel,

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<v Speaker 2>can you put into context what has happened over the

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<v Speaker 2>last twenty four hours? What is israel strategy? Where does

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<v Speaker 2>a rain go from here?

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<v Speaker 5>First of all, this was in the works for probably

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<v Speaker 5>twenty years. Iran was giving every opportunity to walk away

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<v Speaker 5>from its nuclear weapons program. First with a jcpoa planned

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<v Speaker 5>by the Obama administration, it didn't work. Instead of yes

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<v Speaker 5>they could enrich for the domestic power production three and

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<v Speaker 5>a half percent enriched uranium, they escalated twenty percent and more.

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<v Speaker 5>Now they were enriching it sixty to eighty percent, which

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<v Speaker 5>the only application is weapons. They kept accelerating development of

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<v Speaker 5>their ballistic missiles, and they were funding proxies from the

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<v Speaker 5>Red Sea to the Mediterranean, from the Hufis to Ribala,

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<v Speaker 5>to Irate to Iraqi Typeisbala. So they were building or

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<v Speaker 5>try to build a Middle Eastern empire. And it all

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<v Speaker 5>came down rushing, and Trump gave him six sixty days

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<v Speaker 5>to agree to keep their internal domestic power production through

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<v Speaker 5>nuclear reactors, but to shut down the Richmond They refused.

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<v Speaker 5>Every Friday, they chanted death to America, death to Israel.

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<v Speaker 5>They tried to assassinate Tromp on American soil. So when

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<v Speaker 5>people are telling me, now we don't care about Iran,

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<v Speaker 5>nobody talks about Iran like this, bright lights, Marjorie tailor, Marjorie.

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<v Speaker 4>I just want to quickly ask, do we know if

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<v Speaker 4>the the Iranian nuclear capabilities have been neutralized or anywhere

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<v Speaker 4>near neutralized? At this point, I think.

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<v Speaker 5>Israel is way on its way to do that because

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<v Speaker 5>of NATON In Richmond facility, despite the fact that it

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<v Speaker 5>was protected with the eight meter concrete envelope, is destroyed

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<v Speaker 5>and other nuclear facilities are destroyed. But if this regime

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<v Speaker 5>stays in place, they may rebuild, or it will require

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<v Speaker 5>another war. In five or ten years. So the question

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<v Speaker 5>I'm asking myself number one, with Trump watching the inflation,

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<v Speaker 5>can the Saudis and other Gulf oil producing countries export

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<v Speaker 5>oil east I'm sorry, west to the Red Sea so

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<v Speaker 5>that the oil supply is not disrupted too much. This

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<v Speaker 5>is important for the US that Iran doesn't put mines

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<v Speaker 5>in the Strait of Hormuz, through which twenty five to

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<v Speaker 5>thirty percent of oil exports is going through. And secondly,

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<v Speaker 5>can the regimes survive either giving up its nuclear program

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<v Speaker 5>or being bombed as badly as the Israeli seemed to

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<v Speaker 5>be doing and still stay in power. And at this

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<v Speaker 5>point I'm not sure about either outcome.

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<v Speaker 2>Doctor Colin, can you just reiterate what I think I

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<v Speaker 2>heard you say, which is you believe that Israel has

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<v Speaker 2>destroyed or neutralized their nuclear facilities.

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<v Speaker 5>Indeed, the main enrichment facility was in Natans. Israel is

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<v Speaker 5>also destroying or destroyed most of the massive ballistic missile arsenals.

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<v Speaker 5>Just the other day we saw that Iran was buying

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<v Speaker 5>enough materials and precursors to build ten thousand ballistic missiles

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<v Speaker 5>over a period of three years from China. Apparently this

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<v Speaker 5>is also a target. It may not be fully destroyed

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<v Speaker 5>yet because we're barely twenty four hours into the operation,

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<v Speaker 5>but in terms of the success us of taking out

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<v Speaker 5>the leadership of the Iranian Air Force, the head of

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<v Speaker 5>the Iranian Revolutionary Guard commanders up.

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<v Speaker 2>We're gonna have to leave it there just because of

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<v Speaker 2>the time. We really appreciate getting a few minutes of

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<v Speaker 2>your time. Doctor Ariel Cohen, Senior Fellow at the Atlantic Council,

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<v Speaker 2>joining us via zoom from Stockholm.

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<v Speaker 1>You're listening to the Bloomberg Intelligence Podcast. Catch us live

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<v Speaker 1>weekdays at ten am Eastern on Apple, Cocklay and Android

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<v Speaker 1>Auto with the Bloomberg Business app. Listen on demand wherever

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<v Speaker 1>you get your podcasts, or watch us live on YouTube.

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<v Speaker 2>Inflation expectations coming down, so let's check out with Joan Shue,

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<v Speaker 2>Surveys of Consumers, Director at the University of Admission, Joanne

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<v Speaker 2>Big snapback in the numbers at Big Reversal.

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<v Speaker 6>It seems like, yes, consumers are feeling a little bit

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<v Speaker 6>more settled after the big shock of the April developments

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<v Speaker 6>and tariffs, so they do think that the outlook for

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<v Speaker 6>the economy has improved. At the same time, we're still

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<v Speaker 6>you know, almost twenty p sent below where we were

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<v Speaker 6>back in December after sentiments saw a post election bump.

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<v Speaker 6>So consumers are still pretty far from where they were

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<v Speaker 6>just a few months ago, and they don't think we're

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<v Speaker 6>out of the woods yet.

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<v Speaker 4>And joined with respect to all the great work that

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<v Speaker 4>you guys do with the events of the past twenty

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<v Speaker 4>four hours, particularly with the inflation expectations, I kind of

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<v Speaker 4>tend to want to throw these numbers right out the window.

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<v Speaker 7>Well, there's a lot going on in the world right now,

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<v Speaker 7>and in terms of how consumers react to global events

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<v Speaker 7>in the Middle East, where we can wait until the

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<v Speaker 7>final reading for June, but of course things are happening

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<v Speaker 7>on a daily basis. Consumers are incorporating this information separate

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<v Speaker 7>from the possible disruption to energy prices, from what's going

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<v Speaker 7>on overall. Consumers worst fears about what might happen to inflation.

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<v Speaker 7>When they saw the development developments in April, they feel

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<v Speaker 7>better about that, but they're still bracing for higher inflation

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<v Speaker 7>than they were just a few months ago. So consumers

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<v Speaker 7>are looking bracing for that.

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<v Speaker 2>And the one year inflation expectation was six point four

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<v Speaker 2>percent down. It came in at five point one still

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<v Speaker 2>much higher than where we want to see it, where

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<v Speaker 2>the FED wants to see it. Joan, thanks so much

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<v Speaker 2>for joining us. Joe and Shue, Surveys of Consumers Director

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<v Speaker 2>at the University of Michigan.

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<v Speaker 1>You're listening to the Bloomberg Intelligence Podcast. Catch us live

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<v Speaker 1>weekdays at ten am Eastern on Apple, Cocklay and Android

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<v Speaker 1>Auto with the Bloomberg Business App. Listen on demand wherever

0:14:28.760 --> 0:14:32.080
<v Speaker 1>you get your podcasts, or watch us live on YouTube.

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<v Speaker 2>Let's check in with the story from yesterday, the air

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<v Speaker 2>crash in India that claims so many lives, a lot

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<v Speaker 2>of issues they're one of the issues is just boeing

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<v Speaker 2>the plane, ge the engines. From a business perspective, that's

0:14:48.640 --> 0:14:50.320
<v Speaker 2>kind of where a lot of folks are looking at

0:14:50.360 --> 0:14:53.240
<v Speaker 2>this state. Sid Phillip joins his deputy team lever for

0:14:53.400 --> 0:14:56.480
<v Speaker 2>Global Aviation Zoom from Paris.

0:14:56.760 --> 0:14:57.040
<v Speaker 5>Sid.

0:14:57.080 --> 0:15:01.000
<v Speaker 2>What do we know about the actual pla itself? Maybe

0:15:01.000 --> 0:15:04.440
<v Speaker 2>some causes here or is anything been reported?

0:15:06.080 --> 0:15:06.520
<v Speaker 4>So far?

0:15:06.760 --> 0:15:09.480
<v Speaker 8>There hasn't been much in terms of causes. I mean

0:15:09.520 --> 0:15:12.480
<v Speaker 8>so far we sort of we understand that investigators are

0:15:12.480 --> 0:15:15.360
<v Speaker 8>coming through the wreckage to determine really what caused that

0:15:15.440 --> 0:15:19.080
<v Speaker 8>crash and it killed all but one person on board,

0:15:19.120 --> 0:15:20.360
<v Speaker 8>so two hundred and forty one.

0:15:20.240 --> 0:15:22.480
<v Speaker 4>People in fact that somebody wanted away from that. It's

0:15:22.520 --> 0:15:24.200
<v Speaker 4>absolutely a mirror ple.

0:15:24.280 --> 0:15:26.120
<v Speaker 2>I can't wait to see the reporting on that. So

0:15:26.680 --> 0:15:29.480
<v Speaker 2>it is has Boeing said anything? What's Boeing said?

0:15:29.640 --> 0:15:33.760
<v Speaker 8>Since Boeing is actually sort of it hasn't said a lot.

0:15:33.800 --> 0:15:37.040
<v Speaker 8>It's Boeing is basically deferring to the regulators and investigators

0:15:37.040 --> 0:15:39.520
<v Speaker 8>on this matter. So they're sort of putting it onto

0:15:39.760 --> 0:15:41.920
<v Speaker 8>investigators saying they're not going to comment and they're not

0:15:41.960 --> 0:15:44.480
<v Speaker 8>going to say anything about this accident. They're going to

0:15:44.480 --> 0:15:47.000
<v Speaker 8>help with the investigation, but they aren't going to comment,

0:15:47.040 --> 0:15:49.360
<v Speaker 8>and they're going to let that the investigators sort of

0:15:49.400 --> 0:15:52.320
<v Speaker 8>work through the whatever evidence that they can find and

0:15:52.400 --> 0:15:55.000
<v Speaker 8>whatever sort of the black boxes and what they decode

0:15:55.000 --> 0:15:58.000
<v Speaker 8>from those black boxes before they really make a determination

0:15:58.040 --> 0:15:59.200
<v Speaker 8>and say anything on the matter.

0:16:00.120 --> 0:16:03.200
<v Speaker 4>It also gets to the investigation. But you know more

0:16:03.200 --> 0:16:06.960
<v Speaker 4>than us about that particular airport in question. I understand

0:16:07.600 --> 0:16:10.200
<v Speaker 4>that's known for a lot of bird strikes. Do I

0:16:10.200 --> 0:16:10.760
<v Speaker 4>have that right?

0:16:12.440 --> 0:16:14.720
<v Speaker 8>There have been some bus strikes. I mean again, at

0:16:14.760 --> 0:16:17.560
<v Speaker 8>this point, it's a bit early to be seeing what

0:16:17.600 --> 0:16:20.400
<v Speaker 8>the matter is. I mean At the moment, the accident's

0:16:20.400 --> 0:16:23.920
<v Speaker 8>being investigated by the Air Aircraft Accident Investigation Bureau of

0:16:24.000 --> 0:16:27.280
<v Speaker 8>India and they also have investigators from the UK and

0:16:27.320 --> 0:16:29.520
<v Speaker 8>the US who are assisting with the probe, and so

0:16:29.560 --> 0:16:33.880
<v Speaker 8>they're looking at multiple angles in this investigation. And I

0:16:33.920 --> 0:16:37.880
<v Speaker 8>think the DGCA, which is India's aviation regulator, also ordered

0:16:37.880 --> 0:16:41.360
<v Speaker 8>some maintenance checks on all of Air India's Boeing sevent

0:16:41.400 --> 0:16:45.000
<v Speaker 8>eighty seven's, including they asking them to check on fuel systems,

0:16:45.040 --> 0:16:49.480
<v Speaker 8>cabinet engine controlled hydraulics, just to rule out what really

0:16:49.520 --> 0:16:51.360
<v Speaker 8>caused this incident, he said.

0:16:51.480 --> 0:16:54.840
<v Speaker 2>Just thinking about Boeing it it seemed like just recently,

0:16:54.880 --> 0:16:57.120
<v Speaker 2>maybe the last six to nine months, Boeing was putting

0:16:57.160 --> 0:17:00.360
<v Speaker 2>behind it a lot of the safety issue that have

0:17:00.360 --> 0:17:02.200
<v Speaker 2>plagued it for the last several years of seven three

0:17:02.280 --> 0:17:06.680
<v Speaker 2>seven macs and so on, and then this happened. What's

0:17:06.680 --> 0:17:09.879
<v Speaker 2>the feeling within Boeing about kind of where they are

0:17:09.920 --> 0:17:13.840
<v Speaker 2>in terms of getting back some of their engineering chops,

0:17:13.880 --> 0:17:17.240
<v Speaker 2>their safety chops, getting production levels backed up to where

0:17:17.240 --> 0:17:19.439
<v Speaker 2>they need need to be. What's what do you think

0:17:19.480 --> 0:17:20.600
<v Speaker 2>the view is from Boeing.

0:17:21.800 --> 0:17:24.520
<v Speaker 8>So Boeing, I mean Boeing obviously has been working on

0:17:24.560 --> 0:17:28.040
<v Speaker 8>improving their quality systems. They have a new CEO, Kerry Outberg,

0:17:28.080 --> 0:17:32.520
<v Speaker 8>who is sitting there who's basically been working on improving

0:17:32.600 --> 0:17:35.960
<v Speaker 8>quality and making sure that the company can actually ramp

0:17:36.040 --> 0:17:38.760
<v Speaker 8>up production and ramp up safely. And so that's what

0:17:38.760 --> 0:17:41.520
<v Speaker 8>they've been ramping up. And they've sort of just reached

0:17:41.560 --> 0:17:43.680
<v Speaker 8>a key milestone on the seven three seven Max, which

0:17:43.720 --> 0:17:46.080
<v Speaker 8>is separate from the jet that actually crashed in India,

0:17:46.480 --> 0:17:48.200
<v Speaker 8>and that jet is the one that had those two

0:17:48.200 --> 0:17:50.560
<v Speaker 8>fatal crashes in twenty eighteen and nineteen and also the

0:17:50.600 --> 0:17:53.680
<v Speaker 8>door plug falling off last year, and so they've they've

0:17:53.760 --> 0:17:55.760
<v Speaker 8>ramped up production on that. They've sort of got to

0:17:55.840 --> 0:17:58.840
<v Speaker 8>the FA mandated level of thirty eight a month, and

0:17:58.920 --> 0:18:01.639
<v Speaker 8>so they are in the process of sort of showing

0:18:01.720 --> 0:18:04.480
<v Speaker 8>up their company, showing up their balance sheet. And this

0:18:04.560 --> 0:18:06.600
<v Speaker 8>will be a sort of blow to that effort, and

0:18:06.760 --> 0:18:09.919
<v Speaker 8>this will sort of force Kelly Ottberg and new CEO

0:18:10.040 --> 0:18:13.439
<v Speaker 8>to sort of again go back into crisis mode. And

0:18:13.480 --> 0:18:15.679
<v Speaker 8>I mean, he isn't going to be attending the Paris

0:18:15.680 --> 0:18:19.119
<v Speaker 8>Ashore which starts next week. He's decided to skip that

0:18:19.320 --> 0:18:22.600
<v Speaker 8>along with Stephanie Pop who leads a commercial commercial unit.

0:18:23.440 --> 0:18:26.480
<v Speaker 4>Yeah, I was kind of curious how that proceeds. Arguably

0:18:26.720 --> 0:18:29.320
<v Speaker 4>the Paris Era show, as we that's the biggest event

0:18:29.359 --> 0:18:32.040
<v Speaker 4>on the aviation calendar, isn't it is?

0:18:32.200 --> 0:18:36.320
<v Speaker 8>It is the biggest aviation event typically where airlines splash

0:18:36.359 --> 0:18:40.840
<v Speaker 8>out on big orders. There's lots. It's very celebratory. That's

0:18:40.840 --> 0:18:43.439
<v Speaker 8>where alines sort of talk about their future fleet plans

0:18:43.880 --> 0:18:47.679
<v Speaker 8>and aircraft manufacturers including Airbus and Boeing show off what

0:18:47.720 --> 0:18:51.080
<v Speaker 8>their latest products are and all the innovations and developments

0:18:51.080 --> 0:18:51.479
<v Speaker 8>that they have.

0:18:52.160 --> 0:18:54.639
<v Speaker 2>So where is Boeing in terms of like a lot

0:18:54.680 --> 0:18:56.280
<v Speaker 2>of folks tell me, Hey, if you're looking at Boeing,

0:18:56.280 --> 0:18:58.280
<v Speaker 2>the only thing you'd really need to focus on is

0:18:58.680 --> 0:19:01.199
<v Speaker 2>how many seven thirty events are they getting off the

0:19:01.240 --> 0:19:04.120
<v Speaker 2>line every month? Where are we right now and where

0:19:04.119 --> 0:19:04.760
<v Speaker 2>do they want to go?

0:19:06.359 --> 0:19:09.760
<v Speaker 8>At the moment, we're close to the FA mandated limit

0:19:09.800 --> 0:19:12.600
<v Speaker 8>of thirty eight a month, and they have talked about

0:19:12.600 --> 0:19:15.480
<v Speaker 8>getting beyond that to about fifty a month, but that

0:19:15.760 --> 0:19:19.560
<v Speaker 8>is long term, it's not yet, it's not yet, not

0:19:19.640 --> 0:19:22.840
<v Speaker 8>a near term consideration. But that's basically where they I

0:19:22.840 --> 0:19:26.000
<v Speaker 8>mean air buses, which is Boeing's direct rival, makes about

0:19:26.080 --> 0:19:29.240
<v Speaker 8>sixty eighty twenty one s, which compete with the seven

0:19:29.320 --> 0:19:31.240
<v Speaker 8>three seven MAXs. They make about sixty a month and

0:19:31.320 --> 0:19:33.720
<v Speaker 8>they have an ambition of reaching seventy five a month

0:19:33.760 --> 0:19:34.720
<v Speaker 8>by twenty twenty seven.

0:19:35.560 --> 0:19:40.160
<v Speaker 4>Tell us about GE, the engines in question, and does

0:19:40.240 --> 0:19:44.320
<v Speaker 4>Boeing Is GE just one of the many suppliers of

0:19:44.520 --> 0:19:46.680
<v Speaker 4>engines for Boeing.

0:19:48.040 --> 0:19:50.280
<v Speaker 8>No, so, G is one of the main suppliers of

0:19:50.280 --> 0:19:53.040
<v Speaker 8>engines for Boeing, I mean on the seven three seven Max.

0:19:53.119 --> 0:19:55.640
<v Speaker 8>GE is one half of a joint venture that makes

0:19:56.080 --> 0:19:58.879
<v Speaker 8>the exclusive engines for the seven three seven Max. And

0:19:58.960 --> 0:20:02.520
<v Speaker 8>they also provide all the engines on the CET Triple

0:20:02.560 --> 0:20:05.280
<v Speaker 8>seven X, which is the upcoming model, and they're one

0:20:05.320 --> 0:20:08.000
<v Speaker 8>of two engine options on the seven eighty seven. So

0:20:08.040 --> 0:20:10.560
<v Speaker 8>they are a very very important supplier in terms of

0:20:10.640 --> 0:20:14.480
<v Speaker 8>the aviation ecosystem. They're very important supplier to Boeing. And

0:20:14.680 --> 0:20:18.239
<v Speaker 8>I mean, this engine has has been in service for

0:20:18.320 --> 0:20:21.240
<v Speaker 8>over a decade now, and so this isn't a new engine,

0:20:21.280 --> 0:20:24.840
<v Speaker 8>It isn't an engine that has any particular issues, so

0:20:25.040 --> 0:20:27.480
<v Speaker 8>it is I mean, I'm sure that she is also

0:20:27.520 --> 0:20:28.880
<v Speaker 8>contributing to the investigation.

0:20:29.320 --> 0:20:31.639
<v Speaker 2>All right, So thanks so much for joining us at

0:20:31.640 --> 0:20:33.960
<v Speaker 2>phill Up, Bloomberg Deputy team leader for Global Aviation.

0:20:34.560 --> 0:20:39.280
<v Speaker 1>This is the Bloomberg Intelligence Podcast, available on Apple, Spotify,

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