1 00:00:05,120 --> 00:00:07,119 Speaker 1: This is the Bloomberg Surveillance Podcast. 2 00:00:07,160 --> 00:00:11,080 Speaker 2: I'm Tom Keene, along with Jonathan Farrow and Lisa Abramowitz. 3 00:00:11,280 --> 00:00:15,760 Speaker 2: Join us each day for insight from the best an economics, geopolitics, 4 00:00:15,760 --> 00:00:20,720 Speaker 2: finance and investment. Subscribe to Bloomberg Surveillance on demand on Apple, 5 00:00:20,960 --> 00:00:25,400 Speaker 2: Spotify and anywhere you get your podcasts, and always on 6 00:00:25,520 --> 00:00:29,880 Speaker 2: Bloomberg dot Com, the Bloomberg Terminal, and the Bloomberg Business app. 7 00:00:30,240 --> 00:00:30,960 Speaker 1: This is a joy. 8 00:00:31,040 --> 00:00:34,400 Speaker 2: He is a National Security Council spokesman. He is someone 9 00:00:34,880 --> 00:00:38,760 Speaker 2: steeped in our defense discussion as the President speaks at 10 00:00:38,760 --> 00:00:42,720 Speaker 2: one PM this afternoon, but far more John Kirby has 11 00:00:42,760 --> 00:00:44,159 Speaker 2: actually had tours. 12 00:00:43,760 --> 00:00:47,600 Speaker 1: Of duty with the Navy. He has real world. 13 00:00:47,360 --> 00:00:51,960 Speaker 2: Experience that when the facts change, Admiral Kirby changes. Admiral 14 00:00:52,000 --> 00:00:54,600 Speaker 2: thank you so much for joining us this morning and 15 00:00:54,640 --> 00:00:57,280 Speaker 2: your briefings with the President and his team this morning. 16 00:00:57,600 --> 00:00:59,640 Speaker 1: What will be the message at one pm? 17 00:01:00,760 --> 00:01:03,080 Speaker 3: The first and most important message that the President will 18 00:01:03,080 --> 00:01:07,400 Speaker 3: deliver in his remarks is really about the United States 19 00:01:07,520 --> 00:01:11,920 Speaker 3: is long standing and continued support of Israel, of the 20 00:01:11,959 --> 00:01:15,720 Speaker 3: people of Israel, our sympathies obviously with the loss and 21 00:01:15,720 --> 00:01:17,760 Speaker 3: the suffering and the shock that they're going through, but 22 00:01:17,800 --> 00:01:21,200 Speaker 3: also our firm resolved to make sure that they can 23 00:01:21,240 --> 00:01:24,600 Speaker 3: continue to defend themselves against these the terrorist attacks and 24 00:01:24,680 --> 00:01:28,160 Speaker 3: to take action against Hamas directly. So he will talk 25 00:01:28,160 --> 00:01:31,120 Speaker 3: about the military assistance that we are providing and that 26 00:01:31,160 --> 00:01:33,759 Speaker 3: we expect to have to provide going forward. Number two, 27 00:01:33,760 --> 00:01:37,039 Speaker 3: we'll talk about the hostage situation and the crisis and 28 00:01:37,080 --> 00:01:40,039 Speaker 3: the fear that that is also engendering in so many 29 00:01:40,040 --> 00:01:42,840 Speaker 3: hearts and minds throughout the region, including here in the 30 00:01:42,959 --> 00:01:45,680 Speaker 3: United States, and what the United States might be willing 31 00:01:45,720 --> 00:01:49,120 Speaker 3: to do to help with the hostage recovery efforts. And 32 00:01:49,160 --> 00:01:51,760 Speaker 3: then lastly, and this is not unimportant at all, it's 33 00:01:51,800 --> 00:01:55,120 Speaker 3: a strong message for Americans here at home that anti 34 00:01:55,120 --> 00:01:58,680 Speaker 3: Semitism has no place, neither does terrorism, and that the 35 00:01:58,760 --> 00:02:00,960 Speaker 3: United States federal govern that will work with state and 36 00:02:01,000 --> 00:02:03,960 Speaker 3: local authorities to make sure that a Jewish community throughout 37 00:02:03,960 --> 00:02:08,400 Speaker 3: the country doesn't have to live in fear and anguish 38 00:02:08,440 --> 00:02:10,560 Speaker 3: and anxiety. That we're going to make sure that we 39 00:02:10,600 --> 00:02:14,360 Speaker 3: can look after Jewish community centers and places of worship. 40 00:02:14,440 --> 00:02:18,080 Speaker 2: John Kirby from an Israel template, there is sixty seven 41 00:02:18,200 --> 00:02:21,440 Speaker 2: and seventy three, and they were very different to bring 42 00:02:21,440 --> 00:02:24,679 Speaker 2: it to your navy almost Zuomalt, Admiral Zumwalt didn't have 43 00:02:24,800 --> 00:02:28,200 Speaker 2: to worry about social media, the immediacy, the speed of 44 00:02:28,280 --> 00:02:32,320 Speaker 2: news today. How will this effort of Israel and the 45 00:02:32,360 --> 00:02:36,360 Speaker 2: assistance of the United States change because of this modern 46 00:02:36,639 --> 00:02:40,600 Speaker 2: news cycle, that crushing visibility of the terror that we 47 00:02:40,680 --> 00:02:41,120 Speaker 2: have seen. 48 00:02:42,280 --> 00:02:44,680 Speaker 3: Yeah, I mean, you can't have a conflict today anymore 49 00:02:44,720 --> 00:02:47,600 Speaker 3: where it's not being brought home to people in real 50 00:02:47,680 --> 00:02:52,280 Speaker 3: time in micro bits of information and imagery. And it 51 00:02:52,320 --> 00:02:54,720 Speaker 3: really it gives you a gut punch because it's right 52 00:02:54,760 --> 00:02:56,600 Speaker 3: in front of your face and everywhere you turn, you 53 00:02:57,360 --> 00:02:58,959 Speaker 3: gotta feel like you have to react to it. It 54 00:02:59,040 --> 00:03:02,000 Speaker 3: is really important like this, particularly when information is so 55 00:03:03,200 --> 00:03:07,799 Speaker 3: is so ubiquitous and so accelerated, that when appropriate, you 56 00:03:07,919 --> 00:03:09,800 Speaker 3: got to make sure you're slowing down and making the 57 00:03:09,840 --> 00:03:12,920 Speaker 3: right policy decisions, that you're acting not so much in 58 00:03:12,960 --> 00:03:15,880 Speaker 3: reaction to what's in the news environment, but what you 59 00:03:16,000 --> 00:03:18,640 Speaker 3: actually need to do on the field of battle or 60 00:03:18,680 --> 00:03:22,000 Speaker 3: in the information space. Make no mistake, and we saw 61 00:03:22,040 --> 00:03:24,519 Speaker 3: this in twenty fourteen in the Gaza war. The information 62 00:03:24,680 --> 00:03:28,280 Speaker 3: the narrative war was just as important as the bombs 63 00:03:28,280 --> 00:03:30,480 Speaker 3: that were dropping and the explosions that were going off. 64 00:03:30,880 --> 00:03:33,000 Speaker 3: That will be even more the case here in terms 65 00:03:33,040 --> 00:03:35,640 Speaker 3: of making sure that you know that there is a 66 00:03:35,800 --> 00:03:39,680 Speaker 3: common set of narratives about who's that fault here, who 67 00:03:39,720 --> 00:03:42,000 Speaker 3: are the victims, and what needs to be done to 68 00:03:43,040 --> 00:03:43,800 Speaker 3: move this forward. 69 00:03:44,040 --> 00:03:46,240 Speaker 4: John Kravy, There's been a lot of discussion around the 70 00:03:46,240 --> 00:03:50,280 Speaker 4: six billion dollars that the US released to unfroze. 71 00:03:50,280 --> 00:03:51,119 Speaker 5: I should say. 72 00:03:52,440 --> 00:03:53,200 Speaker 4: For Tehran. 73 00:03:53,360 --> 00:03:54,560 Speaker 5: It has not been released yet. 74 00:03:54,600 --> 00:03:56,320 Speaker 4: I've seen some of the comments that you and others 75 00:03:56,320 --> 00:03:58,560 Speaker 4: have made in the administration saying that not a petty off. 76 00:03:58,560 --> 00:04:02,480 Speaker 4: It's actually been transferred. However, what is the discussion around 77 00:04:02,560 --> 00:04:05,880 Speaker 4: refreezing it. How likely and realistic is it that this 78 00:04:05,960 --> 00:04:08,560 Speaker 4: administration will refreeze that six billion dollars. 79 00:04:09,400 --> 00:04:11,840 Speaker 3: We don't have a policy decision on that to speak 80 00:04:11,880 --> 00:04:14,200 Speaker 3: to you right now. It has always been the case 81 00:04:14,280 --> 00:04:16,880 Speaker 3: that that money could have could be frozen at any time. 82 00:04:16,920 --> 00:04:19,479 Speaker 3: We said that when we send it over to Cutter 83 00:04:19,600 --> 00:04:23,160 Speaker 3: and made it available to the Iranians. It's also important 84 00:04:23,160 --> 00:04:26,240 Speaker 3: to remember that the regime, even though none of it's 85 00:04:26,240 --> 00:04:29,960 Speaker 3: been spent yet, but even if some had been, the 86 00:04:30,120 --> 00:04:32,720 Speaker 3: regime never sees a dime of it. They never get 87 00:04:32,760 --> 00:04:34,760 Speaker 3: their hands on it. It goes right to vendors that 88 00:04:34,800 --> 00:04:38,440 Speaker 3: we approve who buy the humanitarian goods and ship them 89 00:04:38,480 --> 00:04:41,400 Speaker 3: into Iran for direct access to the Iranian people. The 90 00:04:41,480 --> 00:04:43,440 Speaker 3: regime will never see a sin of this. 91 00:04:44,040 --> 00:04:45,599 Speaker 4: A lot of people have said that this is sort 92 00:04:45,640 --> 00:04:49,159 Speaker 4: of just a distraction from the real issue, which is 93 00:04:49,160 --> 00:04:51,960 Speaker 4: that essentially Iran is getting a ton of money through 94 00:04:52,120 --> 00:04:56,600 Speaker 4: the exports of oil, particularly to China, despite sanctions, and 95 00:04:56,640 --> 00:04:59,400 Speaker 4: the sanctions have been somewhat lightened, how much does the 96 00:04:59,520 --> 00:05:02,760 Speaker 4: US talk about enforcing the sanctions in a more significant 97 00:05:02,760 --> 00:05:05,320 Speaker 4: way or the ineffectiveness of those sanctions. 98 00:05:06,480 --> 00:05:08,400 Speaker 3: I would push back a little bit on the idea 99 00:05:08,440 --> 00:05:11,320 Speaker 3: that sanctions have been enlightened. We have not lightened any 100 00:05:11,320 --> 00:05:14,040 Speaker 3: of the sanctions. In fact, we've added additional sanctions, some 101 00:05:14,480 --> 00:05:17,599 Speaker 3: four hundred sanctions on Iran just since the beginning of 102 00:05:17,600 --> 00:05:21,080 Speaker 3: this administration, and we're absolutely committed to full and total enforcement. 103 00:05:21,160 --> 00:05:21,320 Speaker 1: Now. 104 00:05:21,320 --> 00:05:24,400 Speaker 3: Obviously, other nations have to enforce their sanctions as well, 105 00:05:24,400 --> 00:05:26,320 Speaker 3: and certainly we talk with them about that, but the 106 00:05:26,400 --> 00:05:28,640 Speaker 3: United States has not backed off on any sanctions. Quite 107 00:05:28,680 --> 00:05:32,839 Speaker 3: the contrary, We've added and increased our enforcement capability. Not 108 00:05:32,960 --> 00:05:35,839 Speaker 3: to mention, we have increased our military presence in the 109 00:05:35,839 --> 00:05:38,640 Speaker 3: Gulf region and now of course in the Eastern med 110 00:05:39,040 --> 00:05:41,800 Speaker 3: to deter would be actors like Iran who might want 111 00:05:41,839 --> 00:05:43,400 Speaker 3: to try to take advantage of the situation. 112 00:05:43,640 --> 00:05:46,240 Speaker 4: So far, there has been a distinction drawn by both 113 00:05:46,400 --> 00:05:49,880 Speaker 4: US and Israeli official saying that while it is clear 114 00:05:49,920 --> 00:05:53,680 Speaker 4: that Iran has been involved in backing Hamas financially, it 115 00:05:53,760 --> 00:05:56,920 Speaker 4: is unclear whether they were directly involved in orchestrating this 116 00:05:57,000 --> 00:06:01,200 Speaker 4: particular attack. What is the difference from a perspective? What 117 00:06:01,200 --> 00:06:05,000 Speaker 4: would the US do and Israel do should Iran be 118 00:06:05,080 --> 00:06:08,800 Speaker 4: determined to have been intimately connected with orchestrating this attack. 119 00:06:09,760 --> 00:06:13,400 Speaker 3: I won't get into speculating about what policy decisions we 120 00:06:13,480 --> 00:06:15,560 Speaker 3: might or might not make based on where the information 121 00:06:15,600 --> 00:06:18,000 Speaker 3: and the intelligence leads us. All I can do is 122 00:06:18,279 --> 00:06:19,520 Speaker 3: reiterate what we've been saying. 123 00:06:19,560 --> 00:06:20,480 Speaker 4: We haven't seen. 124 00:06:20,480 --> 00:06:24,320 Speaker 3: Any specific tactical intelligence or information evidence that points to 125 00:06:24,560 --> 00:06:29,360 Speaker 3: Iran's participation in these particular attacks. Now clearly, and we've 126 00:06:29,600 --> 00:06:32,479 Speaker 3: made no bones about it, that there is already and 127 00:06:32,600 --> 00:06:34,919 Speaker 3: has been for a long time, a degree of complicity 128 00:06:35,120 --> 00:06:38,080 Speaker 3: by Iran here because they've been supporting Hamas for many years, 129 00:06:38,200 --> 00:06:42,080 Speaker 3: Training capabilities, resourcing, certainly rhetorically in just the last twenty 130 00:06:42,080 --> 00:06:44,839 Speaker 3: four hours of Supreme leaders out there praising this attack 131 00:06:44,880 --> 00:06:47,840 Speaker 3: by Hamas. So there's a degree of complicity, but we 132 00:06:47,920 --> 00:06:50,160 Speaker 3: just haven't found any correct evidence. And quite frankly, now 133 00:06:50,160 --> 00:06:53,480 Speaker 3: there have our Israeli counterparts, Emal Kirby. 134 00:06:53,120 --> 00:06:54,800 Speaker 2: With great respect, and I don't want you to give 135 00:06:54,800 --> 00:06:58,560 Speaker 2: away the family secrets. But the conventional effort is like 136 00:06:58,600 --> 00:07:04,000 Speaker 2: eboeing this century E three intelligence aircraft. You put a 137 00:07:04,000 --> 00:07:07,000 Speaker 2: couple of them up in the air and gather intelligence. 138 00:07:07,640 --> 00:07:11,560 Speaker 2: This is two million people in a highly urban landscape, 139 00:07:12,080 --> 00:07:15,680 Speaker 2: squeezed into a geography that is two Washington d c's. 140 00:07:16,320 --> 00:07:21,600 Speaker 2: How do you prosecute intelligence against an enemy sandwiched in 141 00:07:22,200 --> 00:07:23,640 Speaker 2: among two million people? 142 00:07:24,680 --> 00:07:26,560 Speaker 1: Very difficult, very difficult to do. 143 00:07:26,880 --> 00:07:29,280 Speaker 3: I won't speak for the Israelis, and of course you 144 00:07:29,280 --> 00:07:31,880 Speaker 3: know this is really for them to talk about. We will, 145 00:07:31,920 --> 00:07:36,000 Speaker 3: obviously will and continue to share intelligence with them and 146 00:07:36,240 --> 00:07:39,000 Speaker 3: offer them help in intelligence gathering, as of course we will, 147 00:07:39,040 --> 00:07:41,440 Speaker 3: we always do, but it'll be a task really for 148 00:07:41,480 --> 00:07:44,960 Speaker 3: them to work on. But it is very difficult, very dense, 149 00:07:45,600 --> 00:07:49,080 Speaker 3: very as you said, urban and very very heavily populated, 150 00:07:49,680 --> 00:07:52,920 Speaker 3: and Hamas this is just another example of their barbarity, 151 00:07:53,480 --> 00:07:58,040 Speaker 3: using Palestinians that live in gata as human shields, hiding 152 00:07:58,080 --> 00:08:01,880 Speaker 3: in mosques and residential bid buildings and hospitals as command centers. 153 00:08:02,000 --> 00:08:04,200 Speaker 3: I mean, this is what makes it very, very difficult 154 00:08:04,520 --> 00:08:06,200 Speaker 3: for precise targeting ERMA. 155 00:08:06,280 --> 00:08:08,680 Speaker 2: One final question, and I must speak to the navy 156 00:08:08,720 --> 00:08:13,120 Speaker 2: that gerald Ford is in the area. Is it properly staffed? 157 00:08:13,240 --> 00:08:16,040 Speaker 2: Is this a US Navy that can develop the manpower, 158 00:08:16,080 --> 00:08:19,800 Speaker 2: the sea power to staff not only that aircraft carrier 159 00:08:20,160 --> 00:08:21,960 Speaker 2: but the many other ships involved. 160 00:08:22,920 --> 00:08:25,840 Speaker 3: Yeah, the gerald Ford care Strike Group is now in 161 00:08:25,880 --> 00:08:28,200 Speaker 3: the Eastern Mediterranean. As you rightly said, it's not just 162 00:08:28,240 --> 00:08:30,400 Speaker 3: the aircraft carrier and the embarked air wing of more 163 00:08:30,440 --> 00:08:35,079 Speaker 3: than eighty aircraft, but it is several ships and around 164 00:08:35,120 --> 00:08:37,760 Speaker 3: it in its periphery. They are all fully manned, they're 165 00:08:37,800 --> 00:08:40,800 Speaker 3: all fully trained, they're all fully ready and fully armed 166 00:08:41,160 --> 00:08:44,000 Speaker 3: to look after American national security interests in the region. 167 00:08:44,160 --> 00:08:46,160 Speaker 3: That was one of the messages that the President wanted 168 00:08:46,160 --> 00:08:49,000 Speaker 3: to send by moving those forces there, that nobody should 169 00:08:49,000 --> 00:08:51,640 Speaker 3: take advantage of the situation in Israel, and that the 170 00:08:51,720 --> 00:08:54,520 Speaker 3: United States will always make sure that our national security 171 00:08:54,520 --> 00:08:57,040 Speaker 3: interests are first and foremost as well Edmial. 172 00:08:57,080 --> 00:08:57,760 Speaker 1: Thank you so much. 173 00:08:57,800 --> 00:09:12,000 Speaker 2: John Curry of the National Security Council. A different voice now, 174 00:09:12,040 --> 00:09:15,959 Speaker 2: an important voice, Cecy Lovely, totally. 175 00:09:16,000 --> 00:09:17,360 Speaker 1: I'll get that right. Help me here. 176 00:09:17,400 --> 00:09:20,760 Speaker 2: Lisa Israeli, Ambassador of the United Kingdom, joins us this 177 00:09:20,840 --> 00:09:23,400 Speaker 2: morning in her busy schedule as well. 178 00:09:23,840 --> 00:09:24,480 Speaker 1: Ambassador. 179 00:09:24,600 --> 00:09:28,840 Speaker 2: Six years ago, in the conversation of the politics of 180 00:09:29,000 --> 00:09:34,320 Speaker 2: Israel in the United States, you spoke about Jews in America. 181 00:09:33,960 --> 00:09:35,640 Speaker 1: Leading convenient lives. 182 00:09:35,679 --> 00:09:38,680 Speaker 2: I thought it was a brilliant comment of the distance 183 00:09:38,720 --> 00:09:43,959 Speaker 2: of Israel from Judaism in America. Speaking of convenient lives 184 00:09:44,000 --> 00:09:48,280 Speaker 2: in America? Are our convenient lives? Have they been shattered? 185 00:09:51,240 --> 00:09:54,439 Speaker 6: I think in a way every Jew in the world 186 00:09:54,520 --> 00:09:57,200 Speaker 6: his life's being shattered after what happened in the last 187 00:09:57,240 --> 00:10:00,679 Speaker 6: forty eight hours in Israel. I want to tell you 188 00:10:00,760 --> 00:10:04,000 Speaker 6: from a personal stories because for me, I've been in 189 00:10:04,040 --> 00:10:08,400 Speaker 6: Israel when the war started, and my husband and my 190 00:10:08,440 --> 00:10:11,880 Speaker 6: two daughters are still in Israel. I just received my 191 00:10:12,000 --> 00:10:14,280 Speaker 6: daughters in a shelter at the moment because Tel Aviv 192 00:10:14,360 --> 00:10:17,880 Speaker 6: is under a rockets attack at the moment as we speak, 193 00:10:18,040 --> 00:10:22,800 Speaker 6: and this is horrendous. We've never seen anything like that, 194 00:10:23,040 --> 00:10:25,719 Speaker 6: and I'm speaking as someone who has experienced I was 195 00:10:25,800 --> 00:10:28,840 Speaker 6: part of the Israeli government. I've seen terror attacks in 196 00:10:28,880 --> 00:10:32,720 Speaker 6: my life, and I must say this is unprecedented, the 197 00:10:32,760 --> 00:10:39,680 Speaker 6: way Hamas barbarically acted against children, against young women. We're 198 00:10:39,720 --> 00:10:43,319 Speaker 6: speaking here about war crimes being committed by Hamas in 199 00:10:43,360 --> 00:10:46,400 Speaker 6: the last forty eight hours. The Israelis and the international 200 00:10:46,400 --> 00:10:50,840 Speaker 6: community are exposed to those. I don't even have the 201 00:10:50,920 --> 00:10:55,080 Speaker 6: words to explain. How about those atrocities are and the 202 00:10:55,160 --> 00:10:58,280 Speaker 6: videos on social media that I'm sure you've seen some 203 00:10:58,360 --> 00:11:02,640 Speaker 6: of it. I've just seen of a young Israeli child 204 00:11:02,720 --> 00:11:06,679 Speaker 6: walking in Gaza and Palestinian children are bitting him up. 205 00:11:07,240 --> 00:11:09,920 Speaker 6: Those are things, I mean, think about. It reminds us 206 00:11:10,040 --> 00:11:13,959 Speaker 6: dark times in the Jewish history, and this is our obligation, 207 00:11:14,280 --> 00:11:17,480 Speaker 6: our first obligation to fight back and to make sure 208 00:11:17,520 --> 00:11:21,280 Speaker 6: Hamas will never have the ability to act against Israelis. 209 00:11:21,480 --> 00:11:23,360 Speaker 5: Ambassador, how are. 210 00:11:23,200 --> 00:11:26,720 Speaker 4: You responding to the fact that this is really creating 211 00:11:26,760 --> 00:11:29,520 Speaker 4: a whole host of tensions around the world that have 212 00:11:29,600 --> 00:11:33,240 Speaker 4: become sort of ethnically focused on both sides. It really 213 00:11:33,240 --> 00:11:36,559 Speaker 4: has erupted debates and protests and anger. 214 00:11:36,320 --> 00:11:37,040 Speaker 5: On both sides. 215 00:11:37,160 --> 00:11:40,040 Speaker 4: How would you like to angle the conversation to be 216 00:11:40,160 --> 00:11:42,199 Speaker 4: able to foster something more productive. 217 00:11:42,559 --> 00:11:45,520 Speaker 6: I think that this is time to fight and to 218 00:11:45,600 --> 00:11:47,000 Speaker 6: defend the people of Israel. 219 00:11:47,160 --> 00:11:48,760 Speaker 5: And I think. 220 00:11:49,000 --> 00:11:53,600 Speaker 6: Whoever saw the fact that a thousand Israelis were killed 221 00:11:53,600 --> 00:11:57,040 Speaker 6: in cold blood cannot speak now about both sides. There 222 00:11:57,120 --> 00:12:01,239 Speaker 6: is one side here. Who's the side that once freedom, democracy, 223 00:12:01,720 --> 00:12:05,200 Speaker 6: cares about human rights, cares about people's life, which is 224 00:12:05,200 --> 00:12:06,079 Speaker 6: the Israeli side. 225 00:12:06,280 --> 00:12:09,360 Speaker 5: And there is the other side. This is good versus evil. 226 00:12:09,600 --> 00:12:12,840 Speaker 6: This is so clear here that we are fighting in 227 00:12:12,880 --> 00:12:16,280 Speaker 6: one of Israel's darkest moments. We are fighting evil that 228 00:12:16,360 --> 00:12:19,120 Speaker 6: the world haven't seen since the Second World War, and 229 00:12:19,480 --> 00:12:22,840 Speaker 6: we need to fight it. It's a terror organization recognized 230 00:12:22,880 --> 00:12:25,080 Speaker 6: in the US and in the UK. And you know, 231 00:12:25,120 --> 00:12:28,160 Speaker 6: many people are comparing to nine to eleven, and I 232 00:12:28,280 --> 00:12:31,840 Speaker 6: heard many people that are making the equivalent numbers with 233 00:12:31,920 --> 00:12:34,880 Speaker 6: the proportion. When you think about Israel as a tiny country, 234 00:12:35,040 --> 00:12:38,360 Speaker 6: just nine million people, it's actually ten times of nine 235 00:12:38,400 --> 00:12:43,000 Speaker 6: to eleven. And the disaster that the country is experiencing. 236 00:12:43,080 --> 00:12:45,480 Speaker 6: This is something that any country in the world should 237 00:12:45,679 --> 00:12:49,319 Speaker 6: support Israel. Now we've seen Israeli flags here in London. 238 00:12:49,640 --> 00:12:53,640 Speaker 6: We saw the British Parliament colors itself in blue and white. 239 00:12:53,640 --> 00:12:56,960 Speaker 6: We saw number ten Downing Street with a huge Israeli 240 00:12:56,960 --> 00:13:00,600 Speaker 6: flag projected on. This is the time to support Israel. 241 00:13:00,679 --> 00:13:05,040 Speaker 6: The international community should understand that if Israel is not protected, 242 00:13:05,440 --> 00:13:08,480 Speaker 6: then the whole Western civilization is not protected, because those 243 00:13:08,840 --> 00:13:12,040 Speaker 6: horrible things backed by Iran can happen everywhere. 244 00:13:12,200 --> 00:13:14,240 Speaker 4: Ambassadora, totally, what do you make of some of the 245 00:13:14,320 --> 00:13:18,800 Speaker 4: reports of Qatar, of the United Arab Emirates of Egypt 246 00:13:18,920 --> 00:13:23,360 Speaker 4: even acting as some sort of intermediary to negotiate hostage releases. 247 00:13:25,200 --> 00:13:28,600 Speaker 6: Hostage release is a very very important mission at the moment. 248 00:13:29,160 --> 00:13:34,960 Speaker 6: We call again Hamas to release every single individual, children, women, 249 00:13:35,280 --> 00:13:39,000 Speaker 6: elderly women that were kidnapped by Hamas. 250 00:13:39,400 --> 00:13:40,560 Speaker 5: Some of them were tortured. 251 00:13:41,040 --> 00:13:46,400 Speaker 6: And we've seen horrible, horrible again videos and images that 252 00:13:46,440 --> 00:13:49,920 Speaker 6: are coming from Yaza, and they are committing those war 253 00:13:50,000 --> 00:13:52,800 Speaker 6: crimes and the world must stop them to commit those 254 00:13:52,800 --> 00:13:55,800 Speaker 6: war crimes. They need to release the people being kidnapped. 255 00:13:55,800 --> 00:13:59,079 Speaker 2: Ambassador, your politics is clearly to the right, that is 256 00:13:59,120 --> 00:14:02,120 Speaker 2: the way. It is a stole within the Israeli media 257 00:14:02,160 --> 00:14:03,640 Speaker 2: and of course in the United Kingdom. 258 00:14:03,720 --> 00:14:06,760 Speaker 6: Let me help you with that, I'm ambassador. According to 259 00:14:06,800 --> 00:14:09,920 Speaker 6: the Israeli system. When you become a diplomat. 260 00:14:09,400 --> 00:14:10,959 Speaker 1: You're represent I understand that. 261 00:14:11,320 --> 00:14:11,640 Speaker 7: I don't. 262 00:14:11,720 --> 00:14:14,800 Speaker 5: I don't, I don't follow at the moment, you. 263 00:14:14,760 --> 00:14:17,400 Speaker 6: Know the Israeli politics as a politicians, I don't understand 264 00:14:17,520 --> 00:14:18,400 Speaker 6: representing Israel. 265 00:14:18,480 --> 00:14:21,840 Speaker 2: And Bessadors talking to our Stuart Wallace about this news 266 00:14:21,880 --> 00:14:26,080 Speaker 2: of a coalition or combined government within Israel. 267 00:14:25,880 --> 00:14:27,520 Speaker 1: That is in your wheelhouse. 268 00:14:27,880 --> 00:14:31,520 Speaker 2: Can that be successful and how will a combination of 269 00:14:31,640 --> 00:14:35,960 Speaker 2: Israeli politics be successful in prosecuting this war. 270 00:14:37,720 --> 00:14:40,640 Speaker 6: So, first of all, it's clear both to the Prime 271 00:14:40,680 --> 00:14:43,920 Speaker 6: Minister and to the leaders of opposition that there was 272 00:14:44,040 --> 00:14:47,760 Speaker 6: never bigger necessity for unity government in Israel than at 273 00:14:47,760 --> 00:14:52,560 Speaker 6: this moment. And I speak on behalf ever Israeli Israelis 274 00:14:52,640 --> 00:14:56,680 Speaker 6: are united now. Israeli's fight together, shoulder to shoulder. We 275 00:14:56,720 --> 00:15:00,000 Speaker 6: see so many gestures coming from Israelis want to support 276 00:15:00,520 --> 00:15:03,560 Speaker 6: our soldiers, want to support the people that need help 277 00:15:03,600 --> 00:15:06,080 Speaker 6: at the moment in Israel, that are in the front line. 278 00:15:06,200 --> 00:15:09,080 Speaker 6: So they want to see the same reflection in our politics. 279 00:15:09,120 --> 00:15:12,400 Speaker 6: And I'm sure that the unity government will happen and 280 00:15:12,440 --> 00:15:13,520 Speaker 6: it will be the reality. 281 00:15:14,640 --> 00:15:15,720 Speaker 5: I hope sooner. 282 00:15:15,760 --> 00:15:20,720 Speaker 2: The better ambassador, the Arab community speaks to different sets 283 00:15:20,960 --> 00:15:26,400 Speaker 2: or different cohorts of Palestinians. Can the Arab nations assist 284 00:15:26,640 --> 00:15:30,800 Speaker 2: Israel in speaking the Palestine away from Hamas? 285 00:15:33,320 --> 00:15:34,920 Speaker 5: You know, this is not something new. 286 00:15:35,000 --> 00:15:37,320 Speaker 6: I mean, this is a process being going on over 287 00:15:37,360 --> 00:15:40,720 Speaker 6: a generation. And in the last few years, as you know, 288 00:15:40,800 --> 00:15:44,880 Speaker 6: there were dramatic breakthroughs between Israel and our world with 289 00:15:45,000 --> 00:15:48,640 Speaker 6: the Abraham Accords, with the ongoing negotiation with Saudi. 290 00:15:49,120 --> 00:15:50,600 Speaker 5: So we are in. 291 00:15:50,560 --> 00:15:53,520 Speaker 6: Times where our world wants to be close to Israel 292 00:15:53,800 --> 00:15:58,360 Speaker 6: and the Middle East is changing. Unfortunately, this radical ideology 293 00:15:58,400 --> 00:16:04,040 Speaker 6: that Hamas is leading based on isis mentality, this jihadi ideology. 294 00:16:04,280 --> 00:16:07,800 Speaker 6: The look at Tamas charter, look at what there they 295 00:16:07,840 --> 00:16:10,240 Speaker 6: want to do. They want to kill basically every single Jew. 296 00:16:10,960 --> 00:16:13,880 Speaker 6: They don't they don't recognize the right of Israel to exist. 297 00:16:14,160 --> 00:16:17,840 Speaker 6: So when this is Hamas ideology, this is ideology must 298 00:16:17,840 --> 00:16:21,200 Speaker 6: be fight. You can't negotiate with these people, you can't 299 00:16:21,200 --> 00:16:25,320 Speaker 6: have peace with Hamas. You need to fight back because 300 00:16:25,400 --> 00:16:28,640 Speaker 6: they started this war and Israel will win this war. 301 00:16:29,080 --> 00:16:30,960 Speaker 4: Ambassador totally, what do you make of some of the 302 00:16:30,960 --> 00:16:33,880 Speaker 4: discussion around Iran And there's been a lot of dancing 303 00:16:33,920 --> 00:16:36,160 Speaker 4: around you know that they have backed Hamas, but that 304 00:16:36,200 --> 00:16:41,840 Speaker 4: they weren't necessarily directly involved in executing it or orchestrating it. 305 00:16:42,280 --> 00:16:45,320 Speaker 4: How important is that going to be the determination of 306 00:16:45,400 --> 00:16:48,160 Speaker 4: that to determine the next step for the Israeli government. 307 00:16:50,360 --> 00:16:54,600 Speaker 6: Well, obviously Iran is involved, and obviously Iran is the 308 00:16:54,640 --> 00:17:00,880 Speaker 6: big brain behind activating its proxies. But at the moment 309 00:17:01,200 --> 00:17:04,880 Speaker 6: we have this war to win. The war against Iran 310 00:17:05,200 --> 00:17:09,720 Speaker 6: is something bigger than that. But the international community should 311 00:17:09,720 --> 00:17:12,920 Speaker 6: know the real face of Iran and its proxies through 312 00:17:12,960 --> 00:17:17,960 Speaker 6: those atrocities that Hamas committed in Israeli innocent people, including 313 00:17:18,040 --> 00:17:22,239 Speaker 6: children and elderly. I just can I say something, just 314 00:17:22,280 --> 00:17:26,200 Speaker 6: because my country is now in a point where a thousand, 315 00:17:26,240 --> 00:17:29,320 Speaker 6: almost a thousand funerals are going to take place in 316 00:17:29,640 --> 00:17:32,640 Speaker 6: the coming few days. This is a number we've never 317 00:17:32,760 --> 00:17:35,680 Speaker 6: seen in our lifetime in one day. The President said 318 00:17:35,760 --> 00:17:39,640 Speaker 6: yesterday that since the Holocaust, we never experienced a reality 319 00:17:39,640 --> 00:17:42,080 Speaker 6: where so many Jews were killed in one day. And 320 00:17:42,160 --> 00:17:45,399 Speaker 6: I'm looking at those stories. The Times has in the 321 00:17:45,480 --> 00:17:48,480 Speaker 6: front page the ked And family, Jonathan and Tamal, the 322 00:17:48,600 --> 00:17:52,520 Speaker 6: beautiful twins, their son, they were all murdered in one day, 323 00:17:52,800 --> 00:17:56,800 Speaker 6: think about those families that were destroyed because of this 324 00:17:56,920 --> 00:18:00,440 Speaker 6: barbaric attack. I think this is the date to mourn 325 00:18:00,520 --> 00:18:04,160 Speaker 6: with the Israelis that lost their dear ones they loved once, 326 00:18:04,720 --> 00:18:08,920 Speaker 6: those children being executed in front of their parents, those 327 00:18:08,920 --> 00:18:11,720 Speaker 6: are days to support Israel, and I think this is 328 00:18:11,720 --> 00:18:14,280 Speaker 6: why I'm coming here to speak to you and all 329 00:18:14,320 --> 00:18:17,919 Speaker 6: the people that care about the future Western civilization. Israel 330 00:18:18,040 --> 00:18:21,760 Speaker 6: is in the frontline of this Western civilization, surrounded by 331 00:18:21,880 --> 00:18:24,840 Speaker 6: very radical people, and we need to fight back and 332 00:18:24,880 --> 00:18:28,280 Speaker 6: we need the world support in this very justified war. 333 00:18:28,440 --> 00:18:31,879 Speaker 2: Ambassador, thank you so much for joining Bloomberg today. Ambassador 334 00:18:31,880 --> 00:18:35,680 Speaker 2: hotol Israelly, Ambassador to the United Kingdom, and our Queen 335 00:18:35,760 --> 00:18:38,639 Speaker 2: Victoria Street Studios. 336 00:18:42,520 --> 00:18:44,600 Speaker 8: With the Surround the Table. Stuart Kaiser had a US 337 00:18:44,640 --> 00:18:47,840 Speaker 8: secrety trading strategy over City, said this a few times 338 00:18:47,880 --> 00:18:50,560 Speaker 8: already this week. We'd be waking up on Monday talking 339 00:18:50,600 --> 00:18:53,000 Speaker 8: about the jobs report from Friday, the fact that the 340 00:18:53,040 --> 00:18:54,760 Speaker 8: data is good and we're talking about something, ask we 341 00:18:54,840 --> 00:18:56,720 Speaker 8: just sit on the data for a moment. Good news, 342 00:18:56,800 --> 00:18:58,800 Speaker 8: good news for the team. You've said that a few times. 343 00:18:58,800 --> 00:18:59,960 Speaker 8: It look like it was on Friday. 344 00:19:00,440 --> 00:19:02,520 Speaker 9: Yeah, I think we're still in that camp. I was 345 00:19:02,520 --> 00:19:04,480 Speaker 9: a little surprised by the response on Friday. I thought, 346 00:19:04,520 --> 00:19:06,480 Speaker 9: with the jobs over that was so strong, you know, 347 00:19:06,520 --> 00:19:08,840 Speaker 9: we might see bond volatility kind of hold equities back 348 00:19:08,880 --> 00:19:11,240 Speaker 9: for a bit. It held them back for about fifteen minutes, 349 00:19:11,280 --> 00:19:12,760 Speaker 9: and then you know, we kind of went back to 350 00:19:12,800 --> 00:19:15,160 Speaker 9: one more operation. So as we sort of said, Friday 351 00:19:15,240 --> 00:19:17,480 Speaker 9: encapsulated our view on how markets are going to respond 352 00:19:17,480 --> 00:19:19,880 Speaker 9: to this data, which is, if the data is very strong, initially, 353 00:19:19,920 --> 00:19:21,359 Speaker 9: you might get yield higher and that could be a 354 00:19:21,359 --> 00:19:24,800 Speaker 9: headwind for equities. But big picture, equities like a stronger economy, 355 00:19:25,000 --> 00:19:26,840 Speaker 9: and you would expect them to kind of, you know, 356 00:19:26,920 --> 00:19:28,720 Speaker 9: reorient to that as well. And I think both both 357 00:19:28,760 --> 00:19:30,520 Speaker 9: pay rolls at the ISM report last week, you know, 358 00:19:30,600 --> 00:19:32,120 Speaker 9: kind of played into that narrative. 359 00:19:32,440 --> 00:19:37,480 Speaker 2: Start Upsico reports third quarter results, raises full year EPs, 360 00:19:37,520 --> 00:19:42,239 Speaker 2: and provides initial constructive twenty twenty four outlook. I'm going 361 00:19:42,280 --> 00:19:43,760 Speaker 2: to go back to your phrase, which I love it. 362 00:19:44,200 --> 00:19:45,880 Speaker 2: It's a typical phraseency from a. 363 00:19:45,800 --> 00:19:49,680 Speaker 1: Guy like you. Solid growth. Okay, what does that mean? 364 00:19:49,760 --> 00:19:52,479 Speaker 2: I mean you are the optimist people right now are 365 00:19:52,560 --> 00:19:56,640 Speaker 2: scared stiff for eight different reasons to find solid. 366 00:19:56,960 --> 00:19:59,399 Speaker 9: I think for at this point solid would be, you know, 367 00:19:59,600 --> 00:20:01,879 Speaker 9: you don't go into recession, right, you get an actual 368 00:20:01,920 --> 00:20:05,480 Speaker 9: soft landing that doesn't include negative growth from a job's perspective. 369 00:20:05,520 --> 00:20:07,920 Speaker 9: You know that's going to be you know, payrolls stay 370 00:20:08,359 --> 00:20:11,399 Speaker 9: stay positive, unemployment rates stays below four and a half percent, 371 00:20:11,480 --> 00:20:14,200 Speaker 9: and you can get kind of a real soft landing. 372 00:20:14,359 --> 00:20:15,959 Speaker 9: I think you know your comments on PEPSI. I think 373 00:20:15,960 --> 00:20:17,880 Speaker 9: the probably most important thing there is they're talking about 374 00:20:17,920 --> 00:20:20,600 Speaker 9: twenty four right, and you know, if Corporate America has 375 00:20:20,640 --> 00:20:22,680 Speaker 9: to do what the FED did, which was basically revised 376 00:20:22,720 --> 00:20:24,879 Speaker 9: up twenty twenty four, I think that's your goal case. 377 00:20:25,320 --> 00:20:27,479 Speaker 9: If they re made very cautious on that growth, you know, 378 00:20:27,560 --> 00:20:29,720 Speaker 9: going into next year, then we'll probably have something to 379 00:20:29,720 --> 00:20:30,120 Speaker 9: worry about. 380 00:20:30,200 --> 00:20:32,480 Speaker 2: And Lisa just headline, I missed this Within all the 381 00:20:32,480 --> 00:20:36,560 Speaker 2: newsflow we've got, PepsiCo still sees fiscal year organic revenue 382 00:20:36,560 --> 00:20:41,960 Speaker 2: growth of ten percent. I three years ago, I never 383 00:20:42,119 --> 00:20:45,160 Speaker 2: envisioned that, not once double digit revenue growth. 384 00:20:45,200 --> 00:20:45,880 Speaker 1: That's stunning. 385 00:20:46,080 --> 00:20:48,320 Speaker 4: This is the reason why the idea of them revising 386 00:20:48,359 --> 00:20:51,240 Speaker 4: their expectations upward the similar to the FED, you think 387 00:20:51,320 --> 00:20:54,000 Speaker 4: is good news. How important is JP Morgan and their 388 00:20:54,040 --> 00:20:56,640 Speaker 4: earnings on Friday going to be in setting your expectations 389 00:20:56,640 --> 00:20:57,879 Speaker 4: and setting your forecasts. 390 00:20:58,240 --> 00:20:58,400 Speaker 7: Yeah. 391 00:20:58,680 --> 00:21:00,359 Speaker 9: I think the bank earners in general, you're going to 392 00:21:00,400 --> 00:21:01,960 Speaker 9: be very very important. You know, what do they do 393 00:21:02,000 --> 00:21:03,840 Speaker 9: on reserves again will be important. You know, how do 394 00:21:03,880 --> 00:21:05,639 Speaker 9: they talk about the deal calendar? I think is going 395 00:21:05,680 --> 00:21:07,520 Speaker 9: to be incredibly important. And you know, we've had a 396 00:21:07,520 --> 00:21:10,119 Speaker 9: lot of headlines recently on capital requirements. You know how 397 00:21:10,119 --> 00:21:12,760 Speaker 9: they kind of message that I think will be important 398 00:21:12,760 --> 00:21:15,040 Speaker 9: as well. You know, banks have been a really really 399 00:21:15,040 --> 00:21:17,199 Speaker 9: tricky sector. I think folks are frustrated that yields are 400 00:21:17,240 --> 00:21:19,600 Speaker 9: rising and banks aren't performing as well. I think the 401 00:21:19,640 --> 00:21:22,120 Speaker 9: deal calendar, I think the capital overhang and the fact 402 00:21:22,160 --> 00:21:24,600 Speaker 9: that the curve is still inverted. Probably those three things 403 00:21:24,760 --> 00:21:26,760 Speaker 9: are playing into this. And then there's just underlying credit 404 00:21:26,840 --> 00:21:28,840 Speaker 9: risks whe people are worried about on a go forward basis. 405 00:21:28,840 --> 00:21:29,880 Speaker 5: Are you worried about credit risk? 406 00:21:29,880 --> 00:21:31,760 Speaker 4: Are you worried about the fact that so many companies 407 00:21:31,800 --> 00:21:34,320 Speaker 4: are just holding on and not borrowing for as long 408 00:21:34,320 --> 00:21:36,440 Speaker 4: as they possibly can because of what we're dealing with 409 00:21:36,560 --> 00:21:39,040 Speaker 4: in terms of higher borrowing costs. Once they have to 410 00:21:39,080 --> 00:21:41,320 Speaker 4: do that, then not only will you see credit distress, 411 00:21:41,400 --> 00:21:43,720 Speaker 4: you will also see these banks have a knemic deal 412 00:21:43,760 --> 00:21:44,919 Speaker 4: flow on multiple levels. 413 00:21:45,200 --> 00:21:45,400 Speaker 7: Yeah. 414 00:21:45,440 --> 00:21:47,880 Speaker 9: Look, I think the credit thing is a little bit tricky. 415 00:21:47,920 --> 00:21:50,320 Speaker 9: Everybody's worried about their ability to write refinance, but if 416 00:21:50,359 --> 00:21:52,240 Speaker 9: you look at the timing of it, a lot of 417 00:21:52,240 --> 00:21:54,080 Speaker 9: it doesn't happen for a couple three years, you know. 418 00:21:54,160 --> 00:21:56,440 Speaker 9: So we're getting really worked up about something that isn't 419 00:21:56,480 --> 00:21:58,720 Speaker 9: isn't really immediate. So I think from my perspective, what 420 00:21:58,720 --> 00:22:01,399 Speaker 9: we're worried about is is actually credit event type stuff. 421 00:22:01,560 --> 00:22:03,560 Speaker 9: Do we see losses in the commercial real estate sector? 422 00:22:03,640 --> 00:22:05,879 Speaker 9: Do we see companies have trouble either selling assets or 423 00:22:05,920 --> 00:22:07,600 Speaker 9: refinancing that actually. 424 00:22:07,320 --> 00:22:08,160 Speaker 7: Have to do it now? 425 00:22:08,840 --> 00:22:11,160 Speaker 9: Unfortunately, we tried to narrow that list. We got only 426 00:22:11,160 --> 00:22:13,880 Speaker 9: about twenty five stocks that really have have you know, 427 00:22:14,200 --> 00:22:17,159 Speaker 9: near and dear type refinancing risks. So we're worried about it, 428 00:22:17,160 --> 00:22:18,720 Speaker 9: but it does feel like, you know, maybe we're worried 429 00:22:18,720 --> 00:22:19,880 Speaker 9: about it a little too early at this point. 430 00:22:19,920 --> 00:22:22,040 Speaker 8: For you're saying that high for longer isn't a problem 431 00:22:22,080 --> 00:22:22,920 Speaker 8: anytime soon. 432 00:22:23,640 --> 00:22:25,440 Speaker 9: It would appear in that it would appear not right. 433 00:22:25,760 --> 00:22:27,520 Speaker 9: You know, a lot of the obviously, the S and 434 00:22:27,560 --> 00:22:29,439 Speaker 9: P is more of an investment gree corporate. You know 435 00:22:29,560 --> 00:22:31,600 Speaker 9: a lot of those folks have refined and also locked 436 00:22:31,640 --> 00:22:34,240 Speaker 9: in and extended hy you borrowers I think tried to 437 00:22:34,280 --> 00:22:36,920 Speaker 9: do that as well. So it is a risk obviously. 438 00:22:37,000 --> 00:22:39,760 Speaker 9: You know, some companies need to refine. It only takes one, right, 439 00:22:39,760 --> 00:22:41,840 Speaker 9: It takes one company to have difficulty doing that, and 440 00:22:41,880 --> 00:22:43,960 Speaker 9: then it can kind of snowball a bit. But if 441 00:22:44,000 --> 00:22:46,320 Speaker 9: you look at the timing of their needs to refinance, 442 00:22:46,359 --> 00:22:47,720 Speaker 9: it's not something that's really going to hit you in 443 00:22:47,720 --> 00:22:48,720 Speaker 9: the next six to twelve months. 444 00:22:48,840 --> 00:22:49,000 Speaker 1: Joah. 445 00:22:49,080 --> 00:22:51,720 Speaker 2: We talk about all this esoteric stuff. Mostly it comes 446 00:22:51,720 --> 00:22:53,080 Speaker 2: down do you have to pick? Am I going to 447 00:22:53,119 --> 00:22:55,320 Speaker 2: buy the potato chip company? Am I going to buy 448 00:22:55,359 --> 00:22:58,360 Speaker 2: the good people from Atlanta? And you know, in every 449 00:22:58,400 --> 00:23:02,160 Speaker 2: stock selection you have to make a choice. Never did 450 00:23:02,200 --> 00:23:04,320 Speaker 2: I think the choice would be this broad. Over the 451 00:23:04,400 --> 00:23:08,800 Speaker 2: last decade, Pepsi is clean, Coca Cola's clocked by what 452 00:23:08,840 --> 00:23:12,160 Speaker 2: we call three hundred and fifty five basis points. That's 453 00:23:12,240 --> 00:23:15,760 Speaker 2: three point six percent return per year. 454 00:23:15,880 --> 00:23:18,840 Speaker 8: So that's that is a chip company beating Atlanta. 455 00:23:19,240 --> 00:23:22,639 Speaker 2: Yeah yeah, Coke zero is like you know what, But 456 00:23:22,760 --> 00:23:24,240 Speaker 2: in Stuart's world, this. 457 00:23:24,280 --> 00:23:25,919 Speaker 1: Is how you keep your job is you got to 458 00:23:25,960 --> 00:23:29,800 Speaker 1: pick you know pepsi over coke? Yeah, coke, no pepsi? 459 00:23:30,880 --> 00:23:32,160 Speaker 8: Okay, got no idea? 460 00:23:32,200 --> 00:23:32,959 Speaker 7: What this is gone? Now? 461 00:23:33,400 --> 00:23:36,720 Speaker 8: Thank you Jit conscious City question. 462 00:23:41,119 --> 00:23:43,119 Speaker 1: Right now. And this is a great honor. Stephen A. 463 00:23:43,280 --> 00:23:46,119 Speaker 2: Cook, a senior fellow of Middle East and Africa Studies 464 00:23:46,560 --> 00:23:49,399 Speaker 2: at the Consul on Foreign Relations. It's unfortunate that he 465 00:23:49,440 --> 00:23:51,719 Speaker 2: and I speak only when the world is blowing up, 466 00:23:51,800 --> 00:23:54,720 Speaker 2: or his world is blowing up. The definitive book on 467 00:23:54,800 --> 00:23:58,520 Speaker 2: Turkey is false down. And this June we will celebrate 468 00:23:58,640 --> 00:24:02,760 Speaker 2: the end of the end of ambition. How America should 469 00:24:02,840 --> 00:24:05,960 Speaker 2: move forward in the Middle East. Steven, thank you so 470 00:24:06,040 --> 00:24:08,719 Speaker 2: much for joining us today. I want to go to 471 00:24:08,760 --> 00:24:11,920 Speaker 2: the ambition of the President this morning. He's going to 472 00:24:12,000 --> 00:24:15,400 Speaker 2: speak here. We have to recalibrate an ambition with all 473 00:24:15,440 --> 00:24:19,720 Speaker 2: the legacy of forty eight, sixty seven, seventy three. What 474 00:24:19,800 --> 00:24:23,480 Speaker 2: should be America's ambition day four of this war. 475 00:24:25,320 --> 00:24:28,520 Speaker 10: Well, it's clear that the President is going to throw 476 00:24:29,240 --> 00:24:34,240 Speaker 10: all of his support to Israel. Already there is actually 477 00:24:34,280 --> 00:24:39,080 Speaker 10: bipartisan support for anything that the Israelis need resupply. They 478 00:24:39,080 --> 00:24:43,360 Speaker 10: will need a resupply of iron dome interceptors, and there 479 00:24:43,400 --> 00:24:46,480 Speaker 10: is an aircraft carrier battlegroup moving into the eastern Mediterranean. 480 00:24:46,520 --> 00:24:49,480 Speaker 10: That is clearly a warning to Iran and his law 481 00:24:50,080 --> 00:24:54,480 Speaker 10: not to widen this conflict. That would be the nightmare 482 00:24:54,520 --> 00:24:58,119 Speaker 10: scenario for the Israelis. So the United States is getting 483 00:24:58,720 --> 00:25:01,720 Speaker 10: indirectly or directly involved, and I think it's an appropriate 484 00:25:02,760 --> 00:25:04,160 Speaker 10: policy for the United States. 485 00:25:04,160 --> 00:25:06,840 Speaker 7: The question will be is as this. 486 00:25:06,920 --> 00:25:10,600 Speaker 10: Conflict goes on, the Israelis are clearly gearing up for 487 00:25:10,840 --> 00:25:15,400 Speaker 10: a major ground invasion, infantry in the Gaza Strip, occupation 488 00:25:15,520 --> 00:25:19,080 Speaker 10: of the Gaza Strip for periods of time. How long 489 00:25:19,359 --> 00:25:25,240 Speaker 10: will the international community remain staunchly behind the Israel's operation. 490 00:25:25,440 --> 00:25:27,439 Speaker 10: I think the Israelis have a lot of leeway with 491 00:25:27,520 --> 00:25:30,720 Speaker 10: this president in particular, and after how many Israelis were 492 00:25:30,880 --> 00:25:35,560 Speaker 10: killed in the opening stages of this conflict. But one 493 00:25:35,560 --> 00:25:39,600 Speaker 10: can't imagine given the past pattern of events, as Israelis 494 00:25:39,600 --> 00:25:43,680 Speaker 10: prosecute their operations and more innocent Palestinians were killed, that 495 00:25:43,760 --> 00:25:46,840 Speaker 10: there will be pressure Israelis to move off. 496 00:25:46,840 --> 00:25:49,800 Speaker 2: Steve and to borrow from Mahada Abaden. Is this an 497 00:25:49,840 --> 00:25:52,719 Speaker 2: Iran resurgent? I mean, I look at it around and 498 00:25:52,760 --> 00:25:56,480 Speaker 2: I say, this is a complete surprise for so many 499 00:25:56,560 --> 00:25:59,760 Speaker 2: of Hamas, but maybe also a complete surprise of Iran. 500 00:26:00,320 --> 00:26:01,639 Speaker 1: Is it Iran resurgent? 501 00:26:03,000 --> 00:26:06,320 Speaker 10: Well, certainly Iran is playing the role of an agent 502 00:26:06,440 --> 00:26:10,280 Speaker 10: of chaos in the region. I think the administration's efforts 503 00:26:10,320 --> 00:26:16,000 Speaker 10: to modify Iranian behavior through diplomacy through incentives just does 504 00:26:16,080 --> 00:26:18,560 Speaker 10: not work. And I think it should be clear to 505 00:26:18,640 --> 00:26:24,240 Speaker 10: everybody by now that trying to engage the Iranians, trying 506 00:26:24,280 --> 00:26:29,960 Speaker 10: to beget goodwill through goodwill, is not a fruitful avenue 507 00:26:30,000 --> 00:26:34,320 Speaker 10: to pursue. The Iranians are not willing to reciprocate. They 508 00:26:34,359 --> 00:26:36,560 Speaker 10: want to push the United States out of the region, 509 00:26:36,960 --> 00:26:40,119 Speaker 10: and they want to confront Israel. And this is the 510 00:26:40,160 --> 00:26:42,639 Speaker 10: result of it. And the sooner we all come to 511 00:26:42,680 --> 00:26:45,440 Speaker 10: that conclusion, the better off will all be able to 512 00:26:45,960 --> 00:26:48,800 Speaker 10: clearer policies towards Iran will come into view. 513 00:26:49,119 --> 00:26:52,360 Speaker 4: Stephen, it feels like there is a feeling that Iran 514 00:26:52,760 --> 00:26:56,480 Speaker 4: was involved. Yesterday, Jean was talking with Ron Dermer about 515 00:26:56,520 --> 00:26:59,560 Speaker 4: this about how as they get more information they are 516 00:26:59,640 --> 00:27:02,720 Speaker 4: real saying that maybe there was a more direct role 517 00:27:02,760 --> 00:27:05,560 Speaker 4: from Iran. Is there just simply a reluctance to say 518 00:27:05,560 --> 00:27:08,480 Speaker 4: it out loud because then it would necessitate a response 519 00:27:08,520 --> 00:27:11,800 Speaker 4: that does escalate the conflict to such a degree that 520 00:27:11,880 --> 00:27:13,280 Speaker 4: it puts it in dangerous territory. 521 00:27:14,119 --> 00:27:15,280 Speaker 7: I think that's exactly right. 522 00:27:16,160 --> 00:27:19,119 Speaker 10: I think all the publicly available indicators would suggest that 523 00:27:19,160 --> 00:27:23,000 Speaker 10: the Iranians were involved. The meetings between the Kudz Forces 524 00:27:23,000 --> 00:27:26,439 Speaker 10: Commander Left Spring and Hamasis Islamic chi Had and his Belah. 525 00:27:26,680 --> 00:27:29,200 Speaker 10: The kind of quantum leap and in terms of tactics 526 00:27:29,200 --> 00:27:32,240 Speaker 10: and complexity of the operation that began on Saturday, has 527 00:27:32,280 --> 00:27:37,120 Speaker 10: all the hallmarks of actually his Belah, Iran's primary proxy 528 00:27:37,240 --> 00:27:41,080 Speaker 10: throughout the region. The unusual activity of the Supreme Leader 529 00:27:41,200 --> 00:27:43,640 Speaker 10: on social media last week talking about the the Zionist 530 00:27:43,840 --> 00:27:47,479 Speaker 10: entity dying, and then of course Hamas itself thanking the 531 00:27:47,520 --> 00:27:52,280 Speaker 10: Islamic Republic for its weaponry and support for the operation. 532 00:27:52,840 --> 00:27:58,000 Speaker 10: If though the Israels publicly pain the Iranians, it does 533 00:27:58,160 --> 00:28:02,359 Speaker 10: call for direct engagement. 534 00:28:02,280 --> 00:28:03,800 Speaker 7: Kinetic action against the Rans. 535 00:28:03,880 --> 00:28:06,000 Speaker 10: Now, of course, these Reels and the Runans are engaged 536 00:28:06,000 --> 00:28:09,080 Speaker 10: in a shadow war throughout the region anyway, but this 537 00:28:09,160 --> 00:28:13,040 Speaker 10: would be a step up in a real confrontation, and 538 00:28:13,320 --> 00:28:15,960 Speaker 10: one has to be sure that the United States and 539 00:28:16,000 --> 00:28:19,200 Speaker 10: Israeli are engaged in conversations about the what if. 540 00:28:18,960 --> 00:28:22,800 Speaker 4: Here in your recent article, Stephen in CFR you wrote 541 00:28:22,800 --> 00:28:26,120 Speaker 4: that under these circumstances, no foreign government, including the US, 542 00:28:26,160 --> 00:28:29,400 Speaker 4: will have any leverage on Israel to respond with restraint. 543 00:28:29,600 --> 00:28:32,080 Speaker 4: Where is the rest of the Middle East on this? 544 00:28:32,280 --> 00:28:34,760 Speaker 4: We've heard about the United Arab Emirates, We've heard about Egypt, 545 00:28:34,800 --> 00:28:37,280 Speaker 4: We've heard about Cutter trying to negotiate some sort of 546 00:28:37,720 --> 00:28:40,440 Speaker 4: deal to release the hostages. Seems like that's a no 547 00:28:40,560 --> 00:28:42,920 Speaker 4: go based on both sides and some of the rhetoric there. 548 00:28:43,320 --> 00:28:45,680 Speaker 4: What are people doing to try to prevent a full 549 00:28:45,760 --> 00:28:48,200 Speaker 4: out Middle East war that does involve a great deal 550 00:28:48,200 --> 00:28:49,000 Speaker 4: of nations. 551 00:28:49,680 --> 00:28:52,480 Speaker 10: Well, there's not a lot that they can do. I 552 00:28:52,480 --> 00:28:56,000 Speaker 10: think this is one of the problems is that publicly, 553 00:28:56,680 --> 00:29:01,120 Speaker 10: Arab governments have to issue these kind of statements that 554 00:29:01,200 --> 00:29:06,000 Speaker 10: are run from ambiguous to condemnation of Israeli conduct. Now, Israelis, 555 00:29:06,000 --> 00:29:07,960 Speaker 10: of course have a lot to answer for their conduct 556 00:29:08,000 --> 00:29:09,200 Speaker 10: in the West Bank and the cause of the strip 557 00:29:09,200 --> 00:29:11,600 Speaker 10: over many years, but of course that's obviously no excuse 558 00:29:11,640 --> 00:29:15,320 Speaker 10: for the butchery of innocence. So in behind the scenes 559 00:29:16,640 --> 00:29:19,760 Speaker 10: they are seeking the escalation, but of course many of 560 00:29:19,800 --> 00:29:23,720 Speaker 10: them remain on Israel's side here, so again they will 561 00:29:24,520 --> 00:29:27,720 Speaker 10: the Israelis will have a certain amount of leadway in 562 00:29:28,040 --> 00:29:32,520 Speaker 10: order to prosecute this campaign, but of course, as the 563 00:29:32,560 --> 00:29:36,800 Speaker 10: civilians suffer, there will in time be lots of pressure 564 00:29:36,840 --> 00:29:39,000 Speaker 10: for the Israelis to back off. 565 00:29:39,760 --> 00:29:40,280 Speaker 7: I think the. 566 00:29:40,280 --> 00:29:43,600 Speaker 10: Israeli public is demanding the destruction of Hamas, and that's 567 00:29:43,600 --> 00:29:48,320 Speaker 10: going to give the Israelis further ability to resist international 568 00:29:48,360 --> 00:29:50,880 Speaker 10: pressure that will come from both its neighbors as well 569 00:29:50,880 --> 00:29:54,560 Speaker 10: as Europe and some quarters in the United States as 570 00:29:55,080 --> 00:29:56,200 Speaker 10: this operation continues. 571 00:29:56,440 --> 00:29:58,720 Speaker 8: Saman thank you for your insight this morning. I appreciate it. 572 00:29:58,760 --> 00:30:12,200 Speaker 8: Stemen Cook the an soil on from relations. Congressman Frenchhill 573 00:30:12,400 --> 00:30:15,080 Speaker 8: joined us right now. Congressman, a deeply emotional time for 574 00:30:15,400 --> 00:30:18,320 Speaker 8: everyone involved, even though it's looking God from the outside 575 00:30:18,320 --> 00:30:22,240 Speaker 8: looking in. Congressman, if you had an intelligence report, a briefing. 576 00:30:21,960 --> 00:30:26,760 Speaker 11: Just yet, Jonathan, we have an intelligence committee meeting on 577 00:30:26,960 --> 00:30:30,080 Speaker 11: Israel this afternoon at three pm, so that we can 578 00:30:30,120 --> 00:30:32,840 Speaker 11: pose all these questions that so many of us have, 579 00:30:33,000 --> 00:30:35,480 Speaker 11: which is, how did this happen and we weren't aware 580 00:30:35,520 --> 00:30:37,640 Speaker 11: of it in advance. I think that's a key question 581 00:30:37,680 --> 00:30:39,600 Speaker 11: that everybody's trying to get the right answer to. 582 00:30:39,840 --> 00:30:42,000 Speaker 8: There is something very odd about what we're being told 583 00:30:42,240 --> 00:30:44,640 Speaker 8: currently from the administration. It was only a week or 584 00:30:44,720 --> 00:30:47,080 Speaker 8: so ago that we heard from Jake Sullivan, the National 585 00:30:47,080 --> 00:30:50,640 Speaker 8: Security Advisor, who is optimistic about developments in the Middle 586 00:30:50,680 --> 00:30:52,800 Speaker 8: East and said the Middle East region is quite today 587 00:30:52,960 --> 00:30:55,480 Speaker 8: than it has been in two decades. At the same time, 588 00:30:55,480 --> 00:30:58,000 Speaker 8: we've heard from Secretary blinkn who said we've been concerned 589 00:30:58,000 --> 00:31:00,480 Speaker 8: about the risk of instability for many many month between 590 00:31:00,520 --> 00:31:04,280 Speaker 8: Israelis and Palestinians. Congressman, which one was it? 591 00:31:05,840 --> 00:31:08,160 Speaker 11: I think it's I've traveled in the region since the 592 00:31:08,200 --> 00:31:12,000 Speaker 11: first of May. I've been in Aman twice, Jerusalem, riod 593 00:31:12,320 --> 00:31:17,280 Speaker 11: Urbil Baghdad, Ankara, Turkey talking about the region, talking about 594 00:31:17,280 --> 00:31:20,040 Speaker 11: the need for America's reassurance of the region that we're 595 00:31:20,080 --> 00:31:22,440 Speaker 11: not pulling out and that we're a true partner. But 596 00:31:22,520 --> 00:31:25,800 Speaker 11: there's some key issues. First, the Arab League has readmitted 597 00:31:25,840 --> 00:31:28,400 Speaker 11: Asad back into the Arab League, even though he's done 598 00:31:28,480 --> 00:31:32,560 Speaker 11: nothing to curtail his murder of his own citizens, his 599 00:31:32,680 --> 00:31:35,680 Speaker 11: partnership with the Iranian Shia militia and the Russians, and 600 00:31:35,760 --> 00:31:40,400 Speaker 11: killing Syrians, and exporting captagon, which is a deadly and 601 00:31:40,440 --> 00:31:44,080 Speaker 11: addictive drug that he's manufacturing and selling to the Gulf States. 602 00:31:44,640 --> 00:31:48,520 Speaker 11: And look, I was pleased that the President has begun 603 00:31:48,560 --> 00:31:52,520 Speaker 11: to make progress with Saudi Arabia on potentially bringing them 604 00:31:52,520 --> 00:31:56,120 Speaker 11: into the Abraham Accords initiated by President Trump. And for 605 00:31:56,240 --> 00:31:59,680 Speaker 11: some of us, this looks like a direct response to 606 00:31:59,840 --> 00:32:03,840 Speaker 11: the effort that Iran is throwing a disruption by a 607 00:32:03,840 --> 00:32:06,360 Speaker 11: full scale attack if we find it to be true 608 00:32:06,760 --> 00:32:10,120 Speaker 11: that they back Hamas, but they've been a financier of Hamas, 609 00:32:10,200 --> 00:32:14,040 Speaker 11: They've been a founder of Hamas and Hesba Lah in Lebanon. 610 00:32:14,200 --> 00:32:16,800 Speaker 11: So all fingers are pointed in that direction. But we 611 00:32:16,840 --> 00:32:19,080 Speaker 11: want to get the validation Congress Hill. 612 00:32:19,320 --> 00:32:22,200 Speaker 2: Part of this is a stretch of five years, ten years, 613 00:32:22,240 --> 00:32:25,240 Speaker 2: fifteen years. Dare I say back to nineteen seventy three, 614 00:32:25,640 --> 00:32:29,520 Speaker 2: which is an America balancing between real politic and a 615 00:32:29,680 --> 00:32:33,719 Speaker 2: focus in some would say, critics would say overfocus. 616 00:32:33,000 --> 00:32:34,960 Speaker 1: On human rights. 617 00:32:35,320 --> 00:32:37,200 Speaker 2: Frame how that debate's going to go as you go 618 00:32:37,280 --> 00:32:40,320 Speaker 2: to this security meeting this afternoon and frankly in the 619 00:32:40,320 --> 00:32:41,360 Speaker 2: coming days of war. 620 00:32:42,800 --> 00:32:45,360 Speaker 11: Right, So, look, if you want peace in Israel, you've 621 00:32:45,400 --> 00:32:48,840 Speaker 11: got to have a partner to negotiate with. And that's 622 00:32:48,880 --> 00:32:51,520 Speaker 11: a really important thing I think for Americans to understand 623 00:32:51,760 --> 00:32:56,680 Speaker 11: there is no one Palestinian authority that fully represents the 624 00:32:56,800 --> 00:32:59,840 Speaker 11: citizens that live in Gaza and those in the West Bank. 625 00:33:00,120 --> 00:33:04,280 Speaker 11: Hamas is essentially at political war with FATA, which is 626 00:33:04,320 --> 00:33:06,840 Speaker 11: my mood of ASA's party in the West Bank. So 627 00:33:06,880 --> 00:33:10,000 Speaker 11: it's very difficult to get a two state solution when 628 00:33:10,040 --> 00:33:12,080 Speaker 11: you don't really have two states that you're trying to 629 00:33:12,080 --> 00:33:16,160 Speaker 11: negotiate with. That's why the Abraham Accords approach, the involvement 630 00:33:16,160 --> 00:33:18,520 Speaker 11: of Saudi Arabia, I thought it could be a breakthrough 631 00:33:18,880 --> 00:33:21,320 Speaker 11: in trying to bring peace to the West Bank. But 632 00:33:21,360 --> 00:33:25,720 Speaker 11: that doesn't really affect the fact that Hamas, which controls Gaza, 633 00:33:26,160 --> 00:33:29,280 Speaker 11: doesn't agree with their other Palestinian brothers and sisters in 634 00:33:29,320 --> 00:33:32,600 Speaker 11: the West Bank, and they're certainly fully committed to war 635 00:33:32,680 --> 00:33:33,280 Speaker 11: with Israel. 636 00:33:34,400 --> 00:33:36,800 Speaker 2: Well, okay, we're with Israel. What do you expect to 637 00:33:36,800 --> 00:33:39,200 Speaker 2: see at this meeting today? I mean, you've been in 638 00:33:39,240 --> 00:33:41,800 Speaker 2: these meeting of zillion times as well. You're going to 639 00:33:41,840 --> 00:33:43,760 Speaker 2: be briefed then what? 640 00:33:45,520 --> 00:33:47,680 Speaker 11: Well, I think we're going to find out. First of 641 00:33:47,720 --> 00:33:52,640 Speaker 11: what's the intelligence say about the partnership that helped AMAS 642 00:33:52,760 --> 00:33:56,080 Speaker 11: carry out was a surprise attack on Israel. So that's 643 00:33:56,240 --> 00:33:58,080 Speaker 11: I think the first thing and the first and most 644 00:33:58,120 --> 00:34:02,360 Speaker 11: important thing. Secondly, what is the response of Israel to 645 00:34:02,560 --> 00:34:04,720 Speaker 11: that attack on their sovereign land? And what can the 646 00:34:04,880 --> 00:34:08,799 Speaker 11: United States do to stand with our ironclad ally and 647 00:34:08,880 --> 00:34:12,120 Speaker 11: partner in the regent to repel it. And then of 648 00:34:12,120 --> 00:34:14,520 Speaker 11: course we've got the issue Tom that's very concerning to 649 00:34:14,560 --> 00:34:17,120 Speaker 11: all of us, which are Americans that are held as 650 00:34:17,200 --> 00:34:20,160 Speaker 11: hostages or Americans that have been killed. And that will 651 00:34:20,200 --> 00:34:22,400 Speaker 11: be a very important decision for the President and I 652 00:34:22,440 --> 00:34:25,280 Speaker 11: look forward to his assessment on what the American reaction 653 00:34:25,360 --> 00:34:26,239 Speaker 11: should be to that. 654 00:34:26,719 --> 00:34:30,080 Speaker 4: Congressman, can the US and leash aid to Israel without 655 00:34:30,120 --> 00:34:32,360 Speaker 4: a House speaker, without a functioning House? 656 00:34:33,480 --> 00:34:36,400 Speaker 11: Yeah, thanks, Lisa. Look, last two weeks ago, we passed 657 00:34:36,400 --> 00:34:40,560 Speaker 11: the State and Foreign Operations Appropriation across the House floor, 658 00:34:40,600 --> 00:34:43,520 Speaker 11: and we passed the Defense Appropriation Bill across the House floor. 659 00:34:44,120 --> 00:34:47,560 Speaker 11: Billions of dollars in those bills for our military partnership 660 00:34:47,600 --> 00:34:51,480 Speaker 11: with Iran and to counter terrorism like a moss and 661 00:34:51,640 --> 00:34:55,080 Speaker 11: money in State and foreign opts to enhance the Abraham 662 00:34:55,120 --> 00:34:59,040 Speaker 11: Accords issue. And we don't support in these bills aid 663 00:34:59,120 --> 00:35:04,040 Speaker 11: to the Palestinian authority either until they rein in this 664 00:35:04,200 --> 00:35:06,560 Speaker 11: kind of behavior. So those bills were important. I wish 665 00:35:06,600 --> 00:35:09,040 Speaker 11: the Senate would take those up. But we need a 666 00:35:09,080 --> 00:35:11,239 Speaker 11: House speaker this week, and we need it soon because 667 00:35:11,239 --> 00:35:14,200 Speaker 11: we want our full legislative body to have the voice 668 00:35:14,200 --> 00:35:17,520 Speaker 11: of the American people. In case President Biden asked the 669 00:35:17,520 --> 00:35:20,279 Speaker 11: House to take action this week, we have to have 670 00:35:20,320 --> 00:35:21,040 Speaker 11: a House speaker. 671 00:35:21,280 --> 00:35:24,480 Speaker 4: Congressman, are your peers, your colleagues in the House and 672 00:35:24,480 --> 00:35:28,280 Speaker 4: their Republican Party willing to tie the idea of Ukraine 673 00:35:28,400 --> 00:35:32,000 Speaker 4: AID and Israel AID together or is there reluctance to 674 00:35:32,080 --> 00:35:34,560 Speaker 4: really go for one and not the other, or simply 675 00:35:34,880 --> 00:35:37,000 Speaker 4: to deal with this issue right now, given how politically 676 00:35:37,000 --> 00:35:37,520 Speaker 4: fraud it is. 677 00:35:38,480 --> 00:35:42,200 Speaker 11: Yeah, well, first, I think we should treat them separately. Personally, 678 00:35:42,560 --> 00:35:44,400 Speaker 11: I'm working very hard in the House to find the 679 00:35:44,440 --> 00:35:47,760 Speaker 11: consensus on the right path forward to support kicking Putin 680 00:35:47,800 --> 00:35:50,760 Speaker 11: out of Ukraine and providing American support to our European 681 00:35:50,800 --> 00:35:54,560 Speaker 11: allies to continue aid to Ukraine. We want transparency, we 682 00:35:54,600 --> 00:35:57,120 Speaker 11: want leadership, we want a strategy to win, of course, 683 00:35:57,520 --> 00:36:00,319 Speaker 11: but America is an indispensable partner in a too in 684 00:36:00,360 --> 00:36:03,960 Speaker 11: that effort. Secondly, on Israel, we need to hear directly 685 00:36:03,960 --> 00:36:07,840 Speaker 11: from the President after this he completes his assessment on 686 00:36:08,000 --> 00:36:11,360 Speaker 11: what we need to do to support our ally Israel 687 00:36:11,400 --> 00:36:14,400 Speaker 11: that we can't do with existing authorities or existing funding. 688 00:36:14,600 --> 00:36:17,000 Speaker 11: I think that remains to be seen, and we'll hear 689 00:36:17,040 --> 00:36:19,839 Speaker 11: from them soon. In the meantime, as I say, we've 690 00:36:19,880 --> 00:36:24,160 Speaker 11: appropriated three point three billion for foreign military sales assistance 691 00:36:24,239 --> 00:36:27,239 Speaker 11: to Israel just two weeks ago, and we appropriated five 692 00:36:27,320 --> 00:36:30,760 Speaker 11: hundred million dollars for the US Israeli Military Cooperation Agreement. 693 00:36:30,920 --> 00:36:33,239 Speaker 11: So there's significant money that's been approved by the House. 694 00:36:33,280 --> 00:36:36,680 Speaker 8: The congressman, speaking of money, this unfrozen six billion dollars 695 00:36:36,719 --> 00:36:39,720 Speaker 8: is getting a ton of attention. Let's work through it together. 696 00:36:39,880 --> 00:36:42,719 Speaker 8: This is the official response from Secretary Blinkin. This is 697 00:36:42,719 --> 00:36:44,920 Speaker 8: what he says about it. Not a single dollar from 698 00:36:44,960 --> 00:36:48,360 Speaker 8: that account has actually been spent today. It's very carefully 699 00:36:48,400 --> 00:36:51,000 Speaker 8: and closely regulated by the Treasury Department to make sure 700 00:36:51,000 --> 00:36:54,640 Speaker 8: that it's only used for food, for medicine, for medical equipment. 701 00:36:54,880 --> 00:36:59,200 Speaker 8: Are we focusing on the right thingcare Congressman, Well, look. 702 00:36:59,080 --> 00:37:02,200 Speaker 11: Let's be clear. Let's say that Iran this year will 703 00:37:02,239 --> 00:37:06,200 Speaker 11: have its largest GDP source about forty five billion dollars 704 00:37:06,239 --> 00:37:10,239 Speaker 11: in oil sales. We're talking about releasing fungible money back 705 00:37:10,280 --> 00:37:12,800 Speaker 11: to the government of Iran, which is a state sponsor 706 00:37:12,840 --> 00:37:16,719 Speaker 11: of terrorism, about six billion dollars related to money from 707 00:37:16,760 --> 00:37:20,400 Speaker 11: oil sales to South Korea. What Secretary Blincoln says is 708 00:37:20,520 --> 00:37:22,839 Speaker 11: true that it can only be released when they make 709 00:37:22,880 --> 00:37:27,080 Speaker 11: a humanitarian or food assistance purchase. But it's still money 710 00:37:27,120 --> 00:37:29,480 Speaker 11: that goes into the treasury in Tehran, and they can 711 00:37:29,560 --> 00:37:33,520 Speaker 11: use other money to fund terrorism because they know that 712 00:37:33,640 --> 00:37:37,560 Speaker 11: six billions coming in. And on top of that, Iraq 713 00:37:37,719 --> 00:37:41,200 Speaker 11: owes Iran thirty one billion dollars, and the United States 714 00:37:41,280 --> 00:37:44,600 Speaker 11: has approved a release of about two or almost three 715 00:37:44,760 --> 00:37:50,040 Speaker 11: billion dollars of natural gas sales money from Iraq to Iran. 716 00:37:50,280 --> 00:37:53,279 Speaker 11: So this is significant money when you think about their 717 00:37:53,360 --> 00:37:57,560 Speaker 11: largest GDP revenue sources about forty five billion, and we're 718 00:37:57,600 --> 00:38:01,560 Speaker 11: talking roughly seventeen billion dollars in total that they're eligible 719 00:38:01,560 --> 00:38:05,200 Speaker 11: to receive through these trust accounts, as you say, for 720 00:38:05,400 --> 00:38:10,239 Speaker 11: a humanitarian or food stuff type purchase. But we're not 721 00:38:11,120 --> 00:38:15,320 Speaker 11: naive here that frees up other money in the Tehran treasury. 722 00:38:15,840 --> 00:38:17,560 Speaker 8: French, thanks for catching up with today. I know the 723 00:38:17,600 --> 00:38:19,920 Speaker 8: intelligence briefing is a little bit later on this afternoon. 724 00:38:19,960 --> 00:38:22,239 Speaker 8: We'd love to catch up with you again afterwards to 725 00:38:22,440 --> 00:38:24,640 Speaker 8: get an idea of what you've heard from the count 726 00:38:24,920 --> 00:38:26,160 Speaker 8: Congressman french Hilldack. 727 00:38:26,320 --> 00:38:30,120 Speaker 2: Subscribe to the Bloomberg Surveillance Podcast on Apple, Spotify, and 728 00:38:30,280 --> 00:38:34,480 Speaker 2: anywhere else you get your podcasts. Listen live every weekday 729 00:38:34,719 --> 00:38:38,239 Speaker 2: starting at seven am Eastern. I'm Bloomberg dot Com, the 730 00:38:38,360 --> 00:38:42,880 Speaker 2: iHeartRadio app, tune In, and the Bloomberg Business app. You 731 00:38:42,920 --> 00:38:46,960 Speaker 2: can watch us live. I'm Bloomberg Television, and always I'm 732 00:38:47,000 --> 00:38:51,000 Speaker 2: the Bloomberg Terminal. Thanks for listening. I'm Tom Keen, and 733 00:38:51,080 --> 00:38:52,600 Speaker 2: this is Bloomberg 734 00:39:00,200 --> 00:39:00,640 Speaker 4: On the