1
00:00:02,400 --> 00:00:03,000
Speaker 1: Good morning.

2
00:00:03,120 --> 00:00:05,880
Speaker 2: I'm Brian Curtis and I'm Doug Krisner. Here are the

3
00:00:05,920 --> 00:00:10,840
Speaker 2: stories we're following today. We have a market holiday in

4
00:00:10,960 --> 00:00:13,600
Speaker 2: Japan today, which means we will not have trading in

5
00:00:13,720 --> 00:00:18,800
Speaker 2: US treasuries until the London session. Chinese markets, meantime, set

6
00:00:18,840 --> 00:00:22,239
Speaker 2: to reopen after the Golden Week holidays. Hong Kong being

7
00:00:22,320 --> 00:00:26,920
Speaker 2: hit with torrential rains from typhoon Cooinu. The government is

8
00:00:26,960 --> 00:00:31,040
Speaker 2: intending to lower the typhoon warning alert to three. That

9
00:00:31,080 --> 00:00:33,559
Speaker 2: would be down from the current level of eight. This

10
00:00:33,600 --> 00:00:37,080
Speaker 2: will happen at eleven forty local time, which means the

11
00:00:37,120 --> 00:00:40,479
Speaker 2: morning session at the Hong Kong Stock Exchange will not happen.

12
00:00:40,520 --> 00:00:44,440
Speaker 2: Trading will begin at two pm this afternoon local time.

13
00:00:44,800 --> 00:00:48,400
Speaker 2: In addition to market holiday today in Japan, we also

14
00:00:48,479 --> 00:00:51,599
Speaker 2: have holidays in South Korea and Taiwan. And we'll take

15
00:00:51,640 --> 00:00:54,680
Speaker 2: another look at market action for you in about fifteen minutes.

16
00:00:54,760 --> 00:00:59,520
Speaker 2: Let's get to global news next. Israel has formally declared

17
00:00:59,520 --> 00:01:02,200
Speaker 2: war with Hamas, and the Israeli government has given the

18
00:01:02,200 --> 00:01:06,480
Speaker 2: green light for significant military countersteps. Let's get to ed

19
00:01:06,520 --> 00:01:09,920
Speaker 2: baxtery I in the Bloomberg News Remdi Yeah, that's right.

20
00:01:09,920 --> 00:01:12,800
Speaker 3: Doug Hamas fighters broke through walls, went in by sea

21
00:01:12,880 --> 00:01:16,319
Speaker 3: and by air, large hundreds of rockets into Israel, shot

22
00:01:16,360 --> 00:01:18,920
Speaker 3: people in the streets and in their homes, abducted people,

23
00:01:18,959 --> 00:01:22,200
Speaker 3: took them back to Gaza. Speaking today at the United Nations,

24
00:01:22,319 --> 00:01:26,959
Speaker 3: Israel's United Ambassador aired On says that Hamas will pay

25
00:01:27,240 --> 00:01:28,399
Speaker 3: a heavy price.

26
00:01:28,560 --> 00:01:33,959
Speaker 4: This is Israel's ninety eleven and Israel will do everything

27
00:01:34,360 --> 00:01:37,760
Speaker 4: to bring our sons and daughters back home.

28
00:01:38,040 --> 00:01:40,840
Speaker 3: Now, Israel officially is reporting at least seven hundred dead

29
00:01:40,880 --> 00:01:44,920
Speaker 3: with thousands wounded. Reports on the ground say many many more.

30
00:01:45,360 --> 00:01:47,520
Speaker 3: The report says more than four hundred have been killed

31
00:01:47,560 --> 00:01:52,560
Speaker 3: in Gaza as Israeli airstrikes pound there, so Israeli Defense

32
00:01:52,600 --> 00:01:56,160
Speaker 3: Forces spokesman Daniel Higari saying that there'll be no safe

33
00:01:56,200 --> 00:01:59,720
Speaker 3: place for terrists in Gaza or in Israel for that matter.

34
00:02:00,400 --> 00:02:06,520
Speaker 4: Terrorists target Israeli civilians. Israel will target Hamas and Islamic

35
00:02:06,600 --> 00:02:09,280
Speaker 4: Giad terrorist whereever they will be in Gaza.

36
00:02:09,960 --> 00:02:12,800
Speaker 3: So the Israel Israeli effort will be door to door

37
00:02:13,160 --> 00:02:16,000
Speaker 3: in both Gaza and in Israel where terrorists are hiding.

38
00:02:16,320 --> 00:02:20,760
Speaker 3: Israeli Defense for a spokesman Colonel Jonathan Conricas on ABC

39
00:02:21,280 --> 00:02:23,560
Speaker 3: says Hamas attacks have not ended.

40
00:02:23,720 --> 00:02:27,720
Speaker 4: There are still attacks by Hamas terrorists that are trying

41
00:02:27,760 --> 00:02:31,200
Speaker 4: to approach the fence, trying to get into Israel, trying

42
00:02:31,280 --> 00:02:36,240
Speaker 4: to swim or to use boats and beach into Israel.

43
00:02:36,440 --> 00:02:40,120
Speaker 3: The US is moving a six vessel aircraft carrier strike

44
00:02:40,160 --> 00:02:43,880
Speaker 3: group into the Eastern Mediterranean. Secretary of State Anthony Blincoln

45
00:02:43,919 --> 00:02:46,720
Speaker 3: says Iran is definitely a huge support for Hamas.

46
00:02:46,840 --> 00:02:49,080
Speaker 5: Mass wouldn't be Hamas without the support that it's gotten

47
00:02:49,080 --> 00:02:52,400
Speaker 5: over many years from Maran. We haven't yet seen direct

48
00:02:52,440 --> 00:02:55,440
Speaker 5: evidence that Iran was behind this particular attack, were involved,

49
00:02:55,480 --> 00:02:57,959
Speaker 5: but the support over many years is cleared.

50
00:02:58,160 --> 00:03:00,600
Speaker 3: Blincoln on ABC has heard here on Blue Now. This

51
00:03:00,639 --> 00:03:04,959
Speaker 3: attack came as Israel focused on forging ties with Saudi

52
00:03:05,040 --> 00:03:07,520
Speaker 3: Arabia to create what it called a new Middle East

53
00:03:07,520 --> 00:03:10,639
Speaker 3: of free trade and high tech innovation. During the process,

54
00:03:10,680 --> 00:03:13,799
Speaker 3: which includes the US, it sought to keep Palestinian influence

55
00:03:14,040 --> 00:03:16,280
Speaker 3: to a minimum, and of course that is seen as

56
00:03:16,280 --> 00:03:19,280
Speaker 3: a threat to any Iranian influence in the region. And

57
00:03:19,320 --> 00:03:22,160
Speaker 3: The Wall Street Journal is now reporting that Iranian security

58
00:03:22,160 --> 00:03:25,680
Speaker 3: officials helped plan the attack over several weeks and gave

59
00:03:25,720 --> 00:03:27,919
Speaker 3: the green light itself for the assault and the meeting

60
00:03:27,960 --> 00:03:31,000
Speaker 3: in Beirut last Monday. It quotes members of Hamas and

61
00:03:31,080 --> 00:03:34,920
Speaker 3: has bollowed both backed by Iran. Now, the attack on

62
00:03:35,000 --> 00:03:37,520
Speaker 3: Israel is adding more impetus to get new House speaker

63
00:03:37,560 --> 00:03:40,480
Speaker 3: elected and in place, Republican Ken Buck in the US,

64
00:03:40,520 --> 00:03:42,800
Speaker 3: one of those who voted to replace Kevin McCarthy says

65
00:03:42,960 --> 00:03:44,960
Speaker 3: it needs to be done very quickly. What I'm looking

66
00:03:44,960 --> 00:03:48,000
Speaker 3: for is that we make a decision inside conference that

67
00:03:48,040 --> 00:03:49,960
Speaker 3: we have two hundred and eighteen votes, so we don't

68
00:03:49,960 --> 00:03:53,480
Speaker 3: go to the floor and have another fifteen round session

69
00:03:53,520 --> 00:03:55,840
Speaker 3: of votes. And he says it definitely will not be

70
00:03:55,920 --> 00:03:59,200
Speaker 3: a speaker Trump. The desperate effort to find survivors of

71
00:03:59,200 --> 00:04:02,240
Speaker 3: the deadly quakes in Afghanistan people digging through rubble with

72
00:04:02,320 --> 00:04:05,800
Speaker 3: their bare hands and shovels. Quakes killed at least two

73
00:04:05,840 --> 00:04:10,560
Speaker 3: thousand people. Entire villages flattened, people trapped under collapsed houses.

74
00:04:10,840 --> 00:04:13,840
Speaker 3: Officials estimate hundreds are still trapped. And the quake was

75
00:04:14,120 --> 00:04:19,640
Speaker 3: a magnitude six point three and densely populated area near Herat,

76
00:04:19,720 --> 00:04:23,160
Speaker 3: followed by strong aftershocks. Global news power by more than

77
00:04:23,200 --> 00:04:25,719
Speaker 3: twenty seven hundred journalists and analysts in over one hundred

78
00:04:25,800 --> 00:04:28,720
Speaker 3: twenty countries in San Francisco. I'm at Baxter. This is

79
00:04:28,720 --> 00:04:30,359
Speaker 3: Bloomberg Brian Ed.

80
00:04:30,400 --> 00:04:33,320
Speaker 1: Thanks very much. We're also seeing now that the combined

81
00:04:33,360 --> 00:04:37,120
Speaker 1: death toll from the Hamas attack on Saturday is now

82
00:04:37,240 --> 00:04:40,640
Speaker 1: up to about eleven hundred. As Ed mentioned, seven hundred

83
00:04:40,680 --> 00:04:44,080
Speaker 1: Israeli's dead and for Palestinians now it has risen above

84
00:04:44,160 --> 00:04:47,599
Speaker 1: four hundred. Global financial markets are now facing a new

85
00:04:47,640 --> 00:04:52,360
Speaker 1: dose of geopolitical uncertainty following the attack. Investors are eyeing

86
00:04:52,400 --> 00:04:55,320
Speaker 1: the reaction on the oil price as a guidepost. As

87
00:04:55,360 --> 00:04:58,760
Speaker 1: Doug mentioned, we've seen some gains this morning. WTI now

88
00:04:58,880 --> 00:05:01,800
Speaker 1: up about two point seven percent, right around eighty five

89
00:05:01,880 --> 00:05:06,600
Speaker 1: dollars at Baryl and Investors. We'll be checking out movements

90
00:05:06,600 --> 00:05:08,600
Speaker 1: in the currencies as well. The dollar has strength and

91
00:05:08,680 --> 00:05:11,760
Speaker 1: then the yen has strengthen. The fallout in markets will

92
00:05:11,839 --> 00:05:14,520
Speaker 1: likely be determined by whether or not the conflict spreads

93
00:05:14,760 --> 00:05:17,400
Speaker 1: to the rest of the region. Iran is both a

94
00:05:17,440 --> 00:05:22,640
Speaker 1: major oil producer and also a major supporter of hamas well.

95
00:05:22,800 --> 00:05:25,920
Speaker 2: On the macroside, markets will be on high alert for

96
00:05:26,080 --> 00:05:28,839
Speaker 2: more signs of inflation here in the US during the

97
00:05:28,880 --> 00:05:31,440
Speaker 2: coming week, we have more from Bloomberg's Denise Pellegrini.

98
00:05:31,880 --> 00:05:34,560
Speaker 6: We will be getting a report on producer prices for

99
00:05:34,680 --> 00:05:39,040
Speaker 6: September on Wednesday, and then the government's consumer price Index

100
00:05:39,120 --> 00:05:43,600
Speaker 6: report Thursday. Core CPI excluding food and fuel is seen

101
00:05:43,640 --> 00:05:46,960
Speaker 6: as increasing three tenths of a percent last month compared

102
00:05:47,000 --> 00:05:50,680
Speaker 6: to August. Annually, though we might see core CPI drop,

103
00:05:50,960 --> 00:05:54,400
Speaker 6: but that's likely because it's being compared to last September,

104
00:05:54,560 --> 00:05:58,000
Speaker 6: when inflation was red hot. Meantime, FED Governor Michelle Bowman

105
00:05:58,080 --> 00:06:00,440
Speaker 6: indicated over the weekend the Fed would need to raise

106
00:06:00,640 --> 00:06:04,000
Speaker 6: interest rates further and possibly keep them there for longer,

107
00:06:04,240 --> 00:06:06,760
Speaker 6: and she warned that high energy prices could undo some

108
00:06:06,800 --> 00:06:09,920
Speaker 6: of the progress the FEDS inflation fighters have made. Denise

109
00:06:09,960 --> 00:06:11,239
Speaker 6: Pellgritty Bloomberg Radio.

110
00:06:11,360 --> 00:06:11,520
Speaker 7: Now.

111
00:06:11,560 --> 00:06:14,760
Speaker 2: Markets will be also eyeing a number of earnings reports

112
00:06:14,760 --> 00:06:17,640
Speaker 2: from some of the key banks. This will happen on Friday,

113
00:06:17,680 --> 00:06:20,800
Speaker 2: when we'll hear from JP Morgan, Chase, Wells Fargo, and

114
00:06:21,000 --> 00:06:21,919
Speaker 2: City Group Brian.

115
00:06:23,000 --> 00:06:26,800
Speaker 1: Meantime, the ever interesting jobs report the US Labor Department

116
00:06:26,880 --> 00:06:29,920
Speaker 1: said three hundred and thirty six thousand new jobs were

117
00:06:29,920 --> 00:06:33,440
Speaker 1: added in September. The unemployment rate held study at three

118
00:06:33,440 --> 00:06:36,920
Speaker 1: point eight percent. Wages picked up at only a very

119
00:06:37,040 --> 00:06:41,039
Speaker 1: modest pace. Reaction here from Muhammad hl Arian, chief economic

120
00:06:41,080 --> 00:06:42,400
Speaker 1: advisor at Alians.

121
00:06:42,720 --> 00:06:45,080
Speaker 8: This is good news for the economy right now. The

122
00:06:45,120 --> 00:06:48,720
Speaker 8: fact that we can deliver over four hundred thousand dropped

123
00:06:48,720 --> 00:06:53,400
Speaker 8: if you include revisions without earnings pressure is good news.

124
00:06:54,000 --> 00:06:57,760
Speaker 8: It is secondly bad news for markets and for the FED.

125
00:06:58,160 --> 00:07:00,440
Speaker 8: The Fed is not going to welcome this report. It

126
00:07:00,520 --> 00:07:04,440
Speaker 8: puts back on the table a hike for the first

127
00:07:04,440 --> 00:07:05,040
Speaker 8: of November.

128
00:07:05,760 --> 00:07:09,280
Speaker 1: That's Mohammadel area of Alians. Larian said that Friday's job

129
00:07:09,360 --> 00:07:13,800
Speaker 1: numbers were also consistent with his call for a possible recession,

130
00:07:13,920 --> 00:07:15,800
Speaker 1: and we'll have to get more on that a bit later.

131
00:07:15,960 --> 00:07:16,160
Speaker 7: Well.

132
00:07:16,200 --> 00:07:19,120
Speaker 2: In China, tourism revenue from the Golden New Week holiday

133
00:07:19,440 --> 00:07:23,280
Speaker 2: edged just slightly above its pre COVID level. We have

134
00:07:23,360 --> 00:07:24,680
Speaker 2: more from Bloomberg spawning out.

135
00:07:24,760 --> 00:07:28,280
Speaker 9: In Hong Kong, domestic tourism increased one point five percent

136
00:07:28,320 --> 00:07:31,200
Speaker 9: from a comparative level in twenty nineteen, but that was

137
00:07:31,240 --> 00:07:34,400
Speaker 9: a huge search compared to twenty twenty two figures, a

138
00:07:34,480 --> 00:07:38,040
Speaker 9: year when China battled a COVID lockdown. Traveling went up

139
00:07:38,080 --> 00:07:41,240
Speaker 9: by seventy one percent. This year, and spending jumped nearly

140
00:07:41,280 --> 00:07:45,200
Speaker 9: one hundred and thirty percent. Meanwhile, in Macau, Chinese tourists

141
00:07:45,280 --> 00:07:49,640
Speaker 9: flooded in. Analysts predict gaming revenue in October could return

142
00:07:49,680 --> 00:07:53,640
Speaker 9: to seventy two percent of pre pandemic levels. Economists say

143
00:07:53,880 --> 00:07:56,600
Speaker 9: that data shows that Chinese economy is improving at a

144
00:07:56,640 --> 00:08:00,320
Speaker 9: modest pace, but people are still cautious about spending in

145
00:08:00,400 --> 00:08:02,640
Speaker 9: Hong Kong. I'm Bonnie al Bloomberg Radio.

146
00:08:03,480 --> 00:08:07,000
Speaker 1: Senate majority leader Chuck Schumer says that the United States

147
00:08:07,040 --> 00:08:11,160
Speaker 1: seeks competition and not conflict with China. Schumer made the

148
00:08:11,160 --> 00:08:14,360
Speaker 1: comments over the weekend as a bipartisan delegation of US

149
00:08:14,440 --> 00:08:18,040
Speaker 1: senators arrived in China. The senators met the Shanghai Communist

150
00:08:18,040 --> 00:08:22,720
Speaker 1: Party secretary Sheen ji Ming after landing on Saturday afternoon.

151
00:08:23,160 --> 00:08:26,240
Speaker 1: They will visit US companies in Shanghai before heading on

152
00:08:26,320 --> 00:08:29,480
Speaker 1: to Beijing. The delegation is still hoping to meet with

153
00:08:29,640 --> 00:08:33,199
Speaker 1: Chinese President Shijin Ping, although there has been no confirmation

154
00:08:33,400 --> 00:08:36,839
Speaker 1: of that. We reported earlier that the delegation would also

155
00:08:36,960 --> 00:08:40,760
Speaker 1: raise issues including human rights and the investment climate for

156
00:08:41,320 --> 00:08:47,800
Speaker 1: US businesses in China. I'm Brian Curtis, along with Rasha Salamat,

157
00:08:48,320 --> 00:08:50,760
Speaker 1: and we take a closer look now at this big

158
00:08:50,760 --> 00:08:54,080
Speaker 1: story from the weekend, Israel declaring war on Hamas, the

159
00:08:54,120 --> 00:08:57,280
Speaker 1: death toll rising now to eleven hundred, joining US is

160
00:08:57,360 --> 00:09:01,960
Speaker 1: Ariel Cohen, senior fellow at the Atlantic Council. So there

161
00:09:02,000 --> 00:09:05,520
Speaker 1: are a lot of implications from this. The overall piece

162
00:09:06,080 --> 00:09:10,760
Speaker 1: move by the US, Saudi Arabia, Israel and others seems

163
00:09:10,800 --> 00:09:13,440
Speaker 1: to be on hold as a result of this, and

164
00:09:13,559 --> 00:09:16,720
Speaker 1: also a lot of questions being asked about why Israeli

165
00:09:16,760 --> 00:09:19,160
Speaker 1: intelligence didn't know about this before it happened.

166
00:09:20,559 --> 00:09:25,720
Speaker 7: Absolutely, thank you for having me to me. The disaster

167
00:09:27,800 --> 00:09:32,960
Speaker 7: developed on at least two levels. One is intelligence. Israel

168
00:09:33,080 --> 00:09:41,079
Speaker 7: has a serious intelligence establishment, but also on the military level.

169
00:09:42,920 --> 00:09:45,040
Speaker 7: I know people who serve in the military and they

170
00:09:45,080 --> 00:09:48,880
Speaker 7: know that there are a lot of technical means to

171
00:09:48,920 --> 00:09:55,840
Speaker 7: look into the Gaza Strip and if people or cars, trucks,

172
00:09:57,280 --> 00:10:02,439
Speaker 7: bulldozers approached the fence, troops are alerted. It didn't happen

173
00:10:02,480 --> 00:10:08,440
Speaker 7: this time. The fact that a territory comparable with the

174
00:10:08,480 --> 00:10:13,600
Speaker 7: size of the Gaza Strip was captured, including villagists. Parts

175
00:10:13,600 --> 00:10:21,440
Speaker 7: of town Kee would see the collective settlements and houses

176
00:10:21,480 --> 00:10:26,920
Speaker 7: were burned to the ground. Old people were murdered, fathers

177
00:10:26,920 --> 00:10:29,280
Speaker 7: and mother killed in front of their children. This is

178
00:10:29,320 --> 00:10:32,920
Speaker 7: a level of barbarity and casualties that Israel has not

179
00:10:33,040 --> 00:10:36,640
Speaker 7: known since its establishment back in nineteen forty eight. So

180
00:10:36,880 --> 00:10:40,920
Speaker 7: the investigation, the committee of Inquiry like they had in

181
00:10:41,000 --> 00:10:46,000
Speaker 7: nineteen seventy three, called the Agranat Committee of the Supreme

182
00:10:46,280 --> 00:10:53,880
Speaker 7: Court Justice to look into this policy and operational dibarosele

183
00:10:54,800 --> 00:10:56,160
Speaker 7: it will be necessary.

184
00:10:56,240 --> 00:10:57,920
Speaker 1: Do you see Iran's hand in this?

185
00:10:58,960 --> 00:11:06,840
Speaker 7: Absolutely, we have multiple confirmations that IRGC, the Iranian Revolutionary

186
00:11:06,840 --> 00:11:15,960
Speaker 7: Guard or the foreign militarized intelligence branch of the Islamist

187
00:11:16,000 --> 00:11:22,240
Speaker 7: theocracy and dictatorship in Tehran was coordinating this for weeks. Again,

188
00:11:22,280 --> 00:11:27,080
Speaker 7: the question is why Israelis didn't know that. But also

189
00:11:27,760 --> 00:11:32,080
Speaker 7: not just Iran, there are two other big enablers of

190
00:11:32,720 --> 00:11:37,480
Speaker 7: Katar of Hamas in the Middle East. Katar is one

191
00:11:38,440 --> 00:11:41,360
Speaker 7: an ally of the United States, and the other one

192
00:11:41,440 --> 00:11:46,600
Speaker 7: is the NATO member Turkey. Hamas leaders operate out of

193
00:11:46,840 --> 00:11:52,280
Speaker 7: Turkey coordinating operations and whatnot, and Israel protested many times

194
00:11:52,480 --> 00:11:55,520
Speaker 7: to aired one and nothing happened. Allrio.

195
00:11:55,520 --> 00:11:58,200
Speaker 10: I'll tell me something, you know, an hesible lies playing

196
00:11:58,200 --> 00:12:01,240
Speaker 10: a role here, which perhaps even cement the connection with Tehran.

197
00:12:03,800 --> 00:12:11,840
Speaker 7: Absolutely, his Bala opened fire already at the Shiba farm area,

198
00:12:12,720 --> 00:12:17,000
Speaker 7: which is sort of where the Lebanese, Israeli and Syrian

199
00:12:17,400 --> 00:12:22,440
Speaker 7: borders meet. It's next to the Gullen Heights, and this

200
00:12:22,600 --> 00:12:28,320
Speaker 7: rocket fire may escalate. If Hisbala opens another front, Israeli

201
00:12:28,520 --> 00:12:32,840
Speaker 7: situation will be much worse than it is already. Another

202
00:12:32,960 --> 00:12:36,240
Speaker 7: strategic threat is what's going on in the West Bank

203
00:12:36,360 --> 00:12:42,000
Speaker 7: Judean TOMORROWO Hamas has massive presence there, and that presence

204
00:12:42,120 --> 00:12:48,160
Speaker 7: actually was suppressed by both Israelis and the Palestinian authority

205
00:12:48,240 --> 00:12:51,880
Speaker 7: police force. So now this is a time for Hamas

206
00:12:52,280 --> 00:12:56,640
Speaker 7: to open another front against Israel and for Kisbala, under

207
00:12:56,679 --> 00:13:00,880
Speaker 7: the Iranian guidance, to open the front in Lebanon. So

208
00:13:01,280 --> 00:13:05,240
Speaker 7: the situation might escalate. I hope it won't. Israel sufferer

209
00:13:05,480 --> 00:13:10,520
Speaker 7: already a lot, but it is a very dire situation.

210
00:13:10,440 --> 00:13:14,120
Speaker 10: Indian looking longer term, does it also perhaps mean that

211
00:13:14,160 --> 00:13:17,840
Speaker 10: something serious has to be done in terms of solving

212
00:13:17,880 --> 00:13:19,120
Speaker 10: the Palestine question?

213
00:13:19,200 --> 00:13:19,680
Speaker 4: As it were?

214
00:13:21,200 --> 00:13:26,880
Speaker 7: The question is who would be the organizations and people

215
00:13:26,960 --> 00:13:32,439
Speaker 7: who would represent the Palestinians. The head of the Palestinian authority.

216
00:13:33,120 --> 00:13:38,560
Speaker 7: Mohammed Mahudabas Abbo Manson is eighty seven years old and sickly.

217
00:13:39,559 --> 00:13:43,480
Speaker 7: There is a power struggle to succeed him with a

218
00:13:43,559 --> 00:13:49,560
Speaker 7: number of people whose background background is terrorist. Hamas controls

219
00:13:49,600 --> 00:13:52,400
Speaker 7: Gaza for now, although a lot of Guzins don't like

220
00:13:53,280 --> 00:13:59,760
Speaker 7: the Islamist regime that Hamas imposed. So who and how

221
00:13:59,920 --> 00:14:03,240
Speaker 7: is going to represent the Palestinians is an open question

222
00:14:03,640 --> 00:14:07,640
Speaker 7: and the track record is dire because Israel and Palestinians

223
00:14:07,760 --> 00:14:13,800
Speaker 7: had numerous opportunities to come to an agreement. Israel offered

224
00:14:14,080 --> 00:14:18,280
Speaker 7: one hundred percent of Gaza, it left Gaza in two

225
00:14:18,320 --> 00:14:22,360
Speaker 7: thousand and five, and I think up to ninety three

226
00:14:22,400 --> 00:14:26,760
Speaker 7: percent of the West Bank, and that offer was rejected.

227
00:14:27,240 --> 00:14:31,000
Speaker 7: So okay, so change, Yes, if things change, we may

228
00:14:31,120 --> 00:14:34,680
Speaker 7: have a good opportunity, but not right there in.

229
00:14:34,680 --> 00:14:36,960
Speaker 1: Terms of what's happening on the ground at the moment.

230
00:14:37,280 --> 00:14:41,000
Speaker 1: If Israel actually pushes into Gaza, it becomes very difficult

231
00:14:41,040 --> 00:14:44,240
Speaker 1: because it's so densely populated and you have Hamas mixed

232
00:14:44,240 --> 00:14:47,920
Speaker 1: in with the general public. How difficult will it be

233
00:14:47,960 --> 00:14:49,840
Speaker 1: for that kind of operation to be conducted.

234
00:14:51,640 --> 00:14:57,080
Speaker 7: It's extremely difficult, and the body count unfortunately on both

235
00:14:57,120 --> 00:15:01,920
Speaker 7: sides is going to be high. Hamas built a network

236
00:15:02,320 --> 00:15:09,040
Speaker 7: of underground tunnels and locates its firing positions, its rocket

237
00:15:09,080 --> 00:15:15,200
Speaker 7: launching positions inside schools, inside hospitals, inside apartment buildings. And

238
00:15:15,320 --> 00:15:18,440
Speaker 7: while the Israelis give up warning, for example, before they

239
00:15:18,480 --> 00:15:22,480
Speaker 7: attack an apartment building, and Natalya already said to the

240
00:15:22,480 --> 00:15:26,200
Speaker 7: civilians please leave Gaza, the situation is going to be

241
00:15:26,280 --> 00:15:30,720
Speaker 7: extremely difficult because anybody with any military background knows that

242
00:15:31,240 --> 00:15:34,600
Speaker 7: fighting inside the city is one of the most bloody

243
00:15:34,920 --> 00:15:36,800
Speaker 7: and difficult types of fighting the race.

244
00:15:38,800 --> 00:15:41,280
Speaker 1: And just to follow up on the broader picture here,

245
00:15:41,320 --> 00:15:46,640
Speaker 1: with the US sending more sort of personnel into the region,

246
00:15:46,920 --> 00:15:49,720
Speaker 1: how might that complicate the next week or two?

247
00:15:51,360 --> 00:15:54,720
Speaker 7: The question is why are we doing that? I think

248
00:15:54,800 --> 00:15:59,440
Speaker 7: that the presence of the Carrier Battle Group, the main

249
00:16:00,080 --> 00:16:04,560
Speaker 7: instrument of the US power projection in eastern Mediterranean, is

250
00:16:04,760 --> 00:16:08,760
Speaker 7: a signal to Iran do not open the second front

251
00:16:08,760 --> 00:16:14,040
Speaker 7: against Israel from Lebanon and try to restrain Iran.

252
00:16:14,400 --> 00:16:17,200
Speaker 1: Doctor Corn, thank you so much for joining us. Ariel Cohen,

253
00:16:17,320 --> 00:16:23,760
Speaker 1: Senior Fellow at the Atlantic Council. This is Bloomberg Daybreak Asia,

254
00:16:23,800 --> 00:16:26,360
Speaker 1: your morning brief on the stories making news from Hong

255
00:16:26,480 --> 00:16:28,440
Speaker 1: Kong to Singapore and Wall Street.

256
00:16:28,480 --> 00:16:32,480
Speaker 2: Look for us on your podcast feed every day, on Apple, Spotify,

257
00:16:32,720 --> 00:16:34,720
Speaker 2: and anywhere else you get your podcasts.

258
00:16:34,720 --> 00:16:37,320
Speaker 1: You can also listen live each day on Bloomberg eleven

259
00:16:37,360 --> 00:16:39,720
Speaker 1: three to zero in New York, Bloomberg ninety nine to

260
00:16:39,720 --> 00:16:42,960
Speaker 1: one in Washington, Bloomberg one oh six to one in Boston,

261
00:16:43,240 --> 00:16:45,680
Speaker 1: and Bloomberg nine sixty in San Francisco.

262
00:16:45,760 --> 00:16:48,640
Speaker 2: Our flagship New York station is also available on your

263
00:16:48,680 --> 00:16:53,920
Speaker 2: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.

264
00:16:54,080 --> 00:16:57,440
Speaker 1: Listen coast to coast on the Bloomberg Business app, Sirius

265
00:16:57,600 --> 00:17:01,240
Speaker 1: XM Channel one nineteen, the iHeart Radio app, and on

266
00:17:01,320 --> 00:17:02,800
Speaker 1: Bloomberg dot Com.

267
00:17:02,880 --> 00:17:06,000
Speaker 2: I'm Brian Curtis and I'm Doug Prisner. Join us again

268
00:17:06,040 --> 00:17:08,040
Speaker 2: tomorrow for all the news you need to start your

269
00:17:08,119 --> 00:17:12,760
Speaker 2: day right here on Bloomberg day Break Asia