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Speaker 1: Good morning.

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Speaker 2: I'm Nathan Hager and I'm Amy Morris. Here are the

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Speaker 2: stories we're following today.

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Speaker 3: This morning, we are learning the Palestinian authority is working

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Speaker 3: with the US on a plan to run Gaza after

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Speaker 3: the fighting ends. Palestinian Prime Minister Mohammad stay I spoke

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Speaker 3: with Bloomberg News. He says his preferred outcome would be

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Speaker 3: to include Hamas as a junior partner in a post

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Speaker 3: war administration.

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Speaker 4: If they are ready to come to ground, to an

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Speaker 4: agreement and really accept the political platform of the PLO,

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Speaker 4: accept the tools of struggle because this is an important

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Speaker 4: point of difference between us and them, and then there

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Speaker 4: will be a room for talk. Otherwise it's just simply

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Speaker 4: things will continue to be the same.

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Speaker 3: Prime Minister Mohammad Staya also tells Bloomberg he does not

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Speaker 3: believe Hamas can be eradicated by Israel. His comments are

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Speaker 3: at odds with the stated aim of Israel's military campaign

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Speaker 3: to wipe out the militant group following the deadly October

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Speaker 3: seventh terrorist attack. The war in Gaza so far has

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Speaker 3: killed more than sixteen thousand Palestinians. That's according to the

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Speaker 3: Hamas run Health Ministry.

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Speaker 2: Now the major legal news breaking overnight in the US

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Speaker 2: that could be a new political headache for President Biden.

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Speaker 2: The president's son Hunter has been indicted on nine new

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Speaker 2: federal tax charges in Los Angeles. That's on top of

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Speaker 2: the federal gun charges he's facing in Delaware. We get

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Speaker 2: more from Bloomberg's David Voriakis.

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Speaker 5: It expands on an earlier agreement in which he would

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Speaker 5: have pleaded guilty in federal court in Delaware and in

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Speaker 5: July and avoided prison. Under this indictment, he could theoretically

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Speaker 5: be sentenced to as much as seventeen years in prison.

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Speaker 5: What government alleges is, I will quote, the defendants spent

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Speaker 5: this money on drugs, escorts and girlfriends, luxury hotels and

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Speaker 5: rental properties, exotic cars, clothing, and other items of a

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Speaker 5: personal nature. In short, everything by his taxi.

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Speaker 2: Bloomberg's David Voriaki says. These new charges come as House

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Speaker 2: Republicans plan to vote next week on formalizing their impeachment

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Speaker 2: inquiry into President. By this latest indictment against Hunter, Biden

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Speaker 2: does not offer evidence that the President benefited from or

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Speaker 2: was involved in his son's activities.

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Speaker 3: Also in the twenty twenty four election, Amy Republican Ron

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Speaker 3: DeSantis's campaign is dealing with more disappointing news, as Bloomberg said,

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Speaker 3: Baxter reports a fundraising event for the Florida governor tend

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Speaker 3: to be canceled.

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Speaker 6: About three thousand donors were invited to a Never Back

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Speaker 6: Down super Pack lunch and to be held before this

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Speaker 6: week's debate. A ten thousand dollars contribution would have given

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Speaker 6: donors access to the lunch where Casey Dessentis was scheduled

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Speaker 6: to speak, as well as a ticket to the debate itself,

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Speaker 6: and an invite to a post debate celebration with a governor. Well,

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Speaker 6: just a couple of days prior to the date, Never

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Speaker 6: Back Down decided to cancel. Scott Wagner, who leads the pack,

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Speaker 6: cited lack of interest. In November, a similar event raised

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Speaker 6: one million dollar dollar, aed Baxter, Bloomberg.

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Speaker 2: Radio Right, Thank You ed Elsewhere in politics, more fallout

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Speaker 2: for those IVY League presidents who struggled to denounce campus

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Speaker 2: anti semitism on Capitol Hill this week. The presidents of

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Speaker 2: Harvard and the University of Pennsylvania have issued statements clarifying

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Speaker 2: their positions, but now investment manager Ross Stevens has withdrawn

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Speaker 2: a one hundred million dollar donation that he had planned

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Speaker 2: to give to Pen. Those details from Bloomberg's Charlie Pellett.

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Speaker 7: Stevens is co founder of stone Ridge Asset Management, and

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Speaker 7: he had pledged a stake in the firm to the

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Speaker 7: Ivy League University to fund the Stevens Center for Innovation

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Speaker 7: in Finance. According to a letter to university officials, Lawyers

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Speaker 7: representing the firm said the school had violated anti discrimination

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Speaker 7: and anti harassment policies it had accepted in order to

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Speaker 7: become an investor in New York. Charlie Pellett Bloomberg Radio. Okay, Charlie,

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Speaker 7: thank you.

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Speaker 3: Turning to markets, Investors are waiting for a critical data

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Speaker 3: point this morning, the November jobs report, coming ahead of

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Speaker 3: next week's FED meeting, their last of twenty twenty three.

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Speaker 3: Let's get a preview from Bloomberg's Michael McKee.

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Speaker 8: We should be seeing signs of a slowing economy in

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Speaker 8: the labor market, but economists say not just yet. The

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Speaker 8: consensus forecast is November saw the pace of hiring pick up,

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Speaker 8: while unemployment was unchanged. About thirty thousand jobs won't be new,

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Speaker 8: they will just reflect the return of autoworkers to pay

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Speaker 8: rolls after the UAW strike, but hiring in healthcare, leisure

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Speaker 8: and hospitality and government should keep healthy numbers Beyond manufacturing,

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Speaker 8: markets are pricing a lower than anticipated number. However, so

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Speaker 8: strength could lead to higher rates as investors worry the

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Speaker 8: FED may not yet be done with rate hikes. Michael McKee, Bloomberg.

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Speaker 2: Radio, Mike, thank you. Turning overseas, the Japanese yen has

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Speaker 2: surged over the past day. Traders betting the Bank of

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Speaker 2: Japan will scrap the world's last negative interest rate regime

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Speaker 2: sooner than previously thought the advance and Japanese stocks and

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Speaker 2: bonds lower. At one point, the en jumped almost four

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Speaker 2: percent against dollar. Checking Japanese currency right now the end

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Speaker 2: at one forty four to twenty three against the dollar.

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Speaker 3: And elsewhere in Asia, Amy top communist leaders in China

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Speaker 3: are promising to strengthen fiscal policy and boost demand while

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Speaker 3: implementing a flexible and targeted monetary policy. China's state run

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Speaker 3: news agency reports officials dropped the word forceful, which was

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Speaker 3: included in previous policy. This came at a meeting chaired

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Speaker 3: by Chinese President Shi Jinping and.

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Speaker 2: In corporate news. Back here in the US, the shakeup

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Speaker 2: continues at Spotify. Chief financial officer Paul Vogel is departing

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Speaker 2: after we'd already heard Spotify's head of marketing is heading

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Speaker 2: for the exits. The streaming company announced widespread layoffs earlier

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Speaker 2: this week, totally about fifteen hundred jobs.

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Speaker 3: And now we'll joining us with a look at some

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Speaker 3: of those other stories making news around the world. We

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Speaker 3: bring in Bloomberg's Michael Barr Good Friday morning.

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Speaker 9: Michael, Good morning to you.

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Speaker 7: Nathan.

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Speaker 9: Gunfire outside of Jewish synagogue and upstate New York. It's

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Speaker 9: being investigated as a possible hate crime. Police said shots

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Speaker 9: were fired outside Temple Israel in Albany just hours before

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Speaker 9: the start of Honkkah. The synagogue's preschool was in session

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Speaker 9: and put on lockdown. Nobody was hurt. Very angry and frustrated.

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Speaker 9: Governor Kathy Hochel spoke out last night about the incident.

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Speaker 10: Any act of anti Semitism is unacceptable and undermine the

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Speaker 10: public safety at our synagogue.

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Speaker 3: The first night of Hanukah is even more deplorable.

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Speaker 9: Authorities took a twenty eight year old man in custody

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Speaker 9: for allegedly firing two rounds from a shotgun. Meanwhile, the

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Speaker 9: National Manora on the ellipse by the White House was

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Speaker 9: also lit last night. Since the October seventh start of

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Speaker 9: the Israel Hamas War, law enforcement agencies have warned of

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Speaker 9: a spike in anti Semitic and Islamophobic crimes in the US.

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Speaker 9: Police said gunman who killed three faculty members at the

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Speaker 9: University of Nevada, Las Vegas was an unemployed professor who

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Speaker 9: stuffed his waistband with ammunition before beginning the attack. Authority

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Speaker 9: say sixty seven year old Anthony Polito brought a list

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Speaker 9: of targets, although those shot weren't on that list. Sheriff

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Speaker 9: Kevin mcmahill with the Las Vegas Metropolitan Police.

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Speaker 11: Polino was armed with the Taurus nine millimeter handgun. He

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Speaker 11: had brought eleven magazines to the scene with him. Nine

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Speaker 11: loaded magazines were found on his person after the shooting.

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Speaker 9: Polito died in a shootout with police Wednesday, minutes after

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Speaker 9: opening fire inside of building housing a business school. A

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Speaker 9: fourth victim of visiting professor is hospitalized with life threatening injuries.

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Speaker 9: The White House says it is troubled by the Senate's

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Speaker 9: failure to move forward on a supplemental budget request. White

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Speaker 9: House National Security Council spokesman John Kirby says time he

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Speaker 9: is running out to provide more a to Ukraine in

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Speaker 9: its fight against Russia.

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Speaker 12: We've got a few more weeks here and then we're

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Speaker 12: out of Schlitz when it comes to help in Ukraine

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Speaker 12: with this kind of securities systems, so that we've been

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Speaker 12: able to provide, and that's just that that should be

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Speaker 12: unacceptable to everybody.

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Speaker 9: Admiral Kirby says. The emergency request, which also includes funding

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Speaker 9: for Israel and US border securities, being held up by

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Speaker 9: a small number of Republicans demanding what President Biden describes

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Speaker 9: as extreme border policies. Global news twenty four hours a

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Speaker 9: day and whenever you want it with the Bloomberg News Now,

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Speaker 9: I'm Michael Barr, and this is Bloomberg.

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Speaker 3: Gaming and Mike, we can get much more Bloomberg News

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Speaker 3: right on your dashboard. The new Bloomberg Business app features

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Speaker 3: Apple Car Play, Android Auto. Get all the offerings that

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Speaker 3: we have on Bloomberg right in your car. Download the

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Speaker 3: Bloomberg Business App from the Apple App Store or Google Plays.

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Speaker 3: Presented by our sponsor Interactive Brokers, time now for the

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Speaker 3: Bloomberg Sports Update, brought to you by Tri State OUTI.

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Speaker 3: Good morning, John stash Hour.

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Speaker 9: Good morning Nathan.

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Speaker 13: When golfers began to leave the PGA Tour for the

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Speaker 13: new Live Tour, John Rahm was outspoken against the idea.

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Speaker 13: He said he doesn't play golf for the money, but

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Speaker 13: for the love of the game. Rom just joined the

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Speaker 13: Live Tour for a deal. It'll get him north of

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Speaker 13: three hundred million dollars. He's ranked third in the world.

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Speaker 13: The reigning Masters champ upset of the AFC Patriots was

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Speaker 13: just their third win of the season, first in six weeks.

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Speaker 13: They built up a twenty one to three lead midway

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Speaker 13: through the second quarter went on to win in Pittsburgh

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Speaker 13: twenty one to eighteen Bailey's zappy through three touchdown passes.

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Speaker 13: It'll be the Pacers and Lakers tomorrow night in Las

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Speaker 13: Vegas Championship game of the NBA's inaugural in season tournament.

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Speaker 13: Indiana beat Milwaukee and the Lakers blew out New Orleans

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Speaker 13: Islanders a seven three home win over Columbus. Devil's won

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Speaker 13: two to one at Seattle. Aaron Judge was on ABC

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Speaker 13: asked his reaction to the acquisition of his new teammate,

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Speaker 13: Juan Soda.

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Speaker 14: I'm excited.

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Speaker 7: I'm excited.

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Speaker 9: You know.

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Speaker 14: It's he's a generational talent.

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Speaker 12: You know.

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Speaker 14: We gave up quite a few, you know, special pitchers

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Speaker 14: in the package. But I think everybody, everybody in Pinchrofts

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Speaker 14: is looking forward to having won Sodo Grissom, you know,

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Speaker 14: for do all those guys, you know, and so it's

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Speaker 14: going to be a fun year.

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Speaker 13: GM Brian Cashman said the Yankees are in it to

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Speaker 13: win it. He says signing having Soto on the team

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Speaker 13: this season could help their chances of signing them to

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Speaker 13: a long term deal. He's due to be a free agent.

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Speaker 13: Cashman on Monday will be in California to meet with

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Speaker 13: Japanese free agent picture Yashinobu Yamamoto, and the Mets also

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Speaker 13: want to sign him. The Orioles have been owned by

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Speaker 13: the Angelos family since nineteen ninety three of Bloomberg report

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Speaker 13: that they could be for sale and in talks with

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Speaker 13: billionaire and Baltimore native David rubenstaff doms dash Ellen.

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Speaker 7: Bloomberg sports.

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Speaker 15: From coast to coast, from New York to San Francisco,

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Speaker 15: Boston to Washington, DC, nationwide on Sirisxam, the Bloomberg Business

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Speaker 15: app in Bloomberg dot Com.

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Speaker 3: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. What

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Speaker 3: comes the day after Israel's war with Hamas. The Palestinian

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Speaker 3: authority says it is working with the US on a

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Speaker 3: plan to run the Gaza strip after the fighting ends.

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Speaker 3: One of its top leaders argues Israel's aim to fully

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Speaker 3: defeat the Palestinian militant group Hamas is unrealistic. Palestinian Prime

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Speaker 3: Minister Mohammad Staya says his preferred outcome would be for

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Speaker 3: Hamas to become a junior partner under the Palestine Liberation Organization,

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Speaker 3: helping to build a new independent state that includes the

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Speaker 3: West Bank, Gaza, and East Jerusalem. Mohammed Staya spoke with

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Speaker 3: Bloomberg's Ethan Branner from his office in the West Bank.

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Speaker 4: Gaza is an integral part of the state of Banistlin right,

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Speaker 4: and the Balestinian territory includes Gaza, West Bank and Jerusalem.

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Speaker 4: So when we talk about two states, the geography of

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Speaker 4: the two states is Gaza, Jerusalem and the West Bank.

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Speaker 4: So this integral part of the Balistina territory should always

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Speaker 4: be there is there.

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Speaker 10: A fear of going in after this operation by Israel

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Speaker 10: that you're sort of following in on their tanks.

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Speaker 1: We start a concern.

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Speaker 4: We said that we are not going to go there

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Speaker 4: on and Israelian militia what does it mean. It means

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Speaker 4: that for us there has to be an arrangement. Our

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Speaker 4: people are there and we need to put together structure

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Speaker 4: and we need to put together a mechanism. This is

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Speaker 4: something that we are working on with the international community

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Speaker 4: in order for us to make it possible. There were

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Speaker 4: there will be huge needs in terms of relief, reconstruction,

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Speaker 4: to remedy the wounds, and.

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Speaker 10: Are you ready to take that on?

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Speaker 4: Not by ourselves, I mean, obviously we need international assistance,

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Speaker 4: but this.

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Speaker 10: Is your plan, your planners that the PA would when

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Speaker 10: this thing ends, be the kind of vehicle for rebuilding Gaza.

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Speaker 4: By all means. Look, when Israel encouraged into Gaza in

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Speaker 4: twenty fourteen, who did all the reconstruction, and we were

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Speaker 4: still reconstructing Gaza. Most of the most of aspects of

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Speaker 4: infrastructure has been actually built by the Palatina Authority, and

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Speaker 4: even before the war, I should tell you that there

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Speaker 4: were there under implementation a total value of eight hundred

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Speaker 4: million dollars of infrastructure projects, that is and that has

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Speaker 4: been under implementation by US roads, hospitals, water networks, electricity,

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Speaker 4: desalination plants and so on. So we, as I told you,

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Speaker 4: we never abandoned Gaza. We never left Gaza. So now

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Speaker 4: any day after it should also include a package of

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Speaker 4: assistance with the full engagement of the international community, because

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Speaker 4: ourselves we cannot do it.

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Speaker 7: A lot.

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Speaker 10: The relationship between the PA and Hammas is very complicated.

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Speaker 10: It's been there was after all, civil war, as you

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Speaker 10: said in two thousand and seven. But the Israeli say

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Speaker 10: they want to eradicate Hamas.

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Speaker 16: Is that a goal that is achievable?

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Speaker 10: Can you do it?

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Speaker 4: First of all, you know, we tried four times or

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Speaker 4: more to come to an agreement with Hamas, but it

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Speaker 4: didn't work and correct and we signed four agreements. Unfortunately

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Speaker 4: none of them was ever implemented by them by them,

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Speaker 4: and recently we have had a dialogue in Egypt and

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Speaker 4: an almen and we agreed on certain issues, we did

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Speaker 4: disagree on a number of issues, and we did form

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Speaker 4: a committee to keep them engaged. That was the idea,

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Speaker 4: but unfortunately all these sort of things has happened, and

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Speaker 4: then now things are going in a totally different direction.

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Speaker 7: Now.

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Speaker 4: For Israel to say that they are going to eradicate

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Speaker 4: or eliminate Hamas, I don't think that's a possible goal

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Speaker 4: to achieve simply because Hamas is not in Gaza only

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Speaker 4: Hamas is in Libanon. Hamas in leadership, everybody knows in Kata,

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Speaker 4: and they're here in the Wost Bank and so on

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Speaker 4: and so forth. So what is needed really is a

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Speaker 4: situation in which that Palestinian unity should be be allowed

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Speaker 4: to function on very clear the bonds and agenda. We

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Speaker 4: did put together certain bonds for Hamas to accept, they

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Speaker 4: never accept it, including the recognition of international legitimacy, United

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Speaker 4: National Resolutions, be a LO commitments and so on and

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Speaker 4: so forth. We even invited Hamas to become part of

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Speaker 4: the Ballistini and Balistan Liberation organ They never wanted to.

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Speaker 4: Hamas wanted to take things their own way, either their

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Speaker 4: way or the highway. And it seems that we are

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Speaker 4: on the highway. So that is where the situation is now.

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Speaker 4: As I said, whether Israel will be able to achieve

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Speaker 4: what they are claiming to do, I doubt that.

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Speaker 10: But on the other hand, in no way to say

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Speaker 10: that you are in favor of what's happening. The suppression

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Speaker 10: of Hamas ultimately needs to happen in some way if

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Speaker 10: they're not going to come into the pl of if

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Speaker 10: they're not going to foreswear their armed struggle and join

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Speaker 10: in some international see what needs to happen with Hamas.

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Speaker 16: What can you see happening?

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Speaker 4: Well, I think Hamas before October seven is one thing,

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Speaker 4: and Hamas.

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Speaker 7: After is a very good point.

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Speaker 4: And so and therefore, I think if they are ready

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Speaker 4: to come to ground, to an agreement and really accept

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Speaker 4: the political platform of the blow, accept the tools of struggle,

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Speaker 4: because this is an important point of difference between us

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Speaker 4: and them, and then there will be a room for talk.

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Speaker 4: Otherwise it's just simply things will continue to be the same.

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Speaker 4: And even Palestinians should not be divided. We have been divided. Unfortunately,

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Speaker 4: Hamas took over Gaza by force in two thousand and seven,

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Speaker 4: and this should not have lasted for seventeen years.

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Speaker 3: And that was the Prime Minister of the Palestinian Authority,

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Speaker 3: Mohammed Staya, speaking with Bloomberg's Israel Bureau chief Ethan Bronner

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Speaker 3: from his offices in the West Bank, and Ethan is

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Speaker 3: here with us now from Tel Aviv. Much of that conversation,

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Speaker 3: much of what we heard there from the Palestinian Prime

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Speaker 3: Minister Ethan sounds so aspirational at this point in the war.

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Speaker 3: What's it going to take to get those aspirations to

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Speaker 3: become reality the day after?

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Speaker 16: Well, hello, Nathan, I would say that it's going to

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Speaker 16: take something superhuman. There is an incredible amount of bad

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Speaker 16: things ahead. First, it's hard to imagine. I mean, there

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Speaker 16: are several points here. One is that many people argue

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Speaker 16: that when there is a massive catastrophe, it can become

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Speaker 16: an opportunity. That terrible wars do lead to opportunities of rebuilding,

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Speaker 16: and that is essentially what Prime Minister's style was trying

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Speaker 16: to say. He's also repeating the Palestinie Authority on the

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Speaker 16: Palestine Liberation Organization's main contentions of recent years about what

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Speaker 16: needs to happen and why it hasn't happened, And one

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Speaker 16: can understand that. I think the problem is that the

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Speaker 16: Israelis are in complete disagreement. At least this Israeli government

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Speaker 16: under Prime Minister Nitanya, who considers Staya and President Abbas

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Speaker 16: to be unreliable partners. They do not want to see

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Speaker 16: They do not imagine that Hamas could be reformed and

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Speaker 16: come in. They want it destroyed. And also the idea

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Speaker 16: that Hamas after October seventh and after this war will

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Speaker 16: be more modern and more reformed, you know, in some

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Speaker 16: ways as counterintuitive. In some ways, what happened on October

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Speaker 16: seventh has been a revival for those who in the

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Speaker 16: Palestine community who believe in armed struggle and who believe

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Speaker 16: in confronting is remlitarily. So, you know, it's a lot

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Speaker 16: of pie in the sky for a lot of people.

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Speaker 16: But so is the Israeli perspective, which is that we're

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Speaker 16: going to destroy Amas and start over with the technocratic

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Speaker 16: leadership that's going to remind us of the UAE. So

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Speaker 16: we have two very contradictory sets of goals and plans,

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Speaker 16: and the US kind of lending a little bit of

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Speaker 16: support to each side, and we'll see where this goes.

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Speaker 3: Yeah, it points to the idea of mediation when you

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Speaker 3: have this kind of massive gap, and this idea that

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Speaker 3: the Palestinian Prime Minister said to you in this interview

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Speaker 3: that the US is working with them on trying to

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Speaker 3: bridge this divide. How invested do you see the US

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Speaker 3: right now and the counteries, even with some of the

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Speaker 3: hostage negotiations that have happened in recent weeks, What is

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Speaker 3: the role of mediation with this kind of massive gap

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Speaker 3: between the Palestinians and the Israelis.

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Speaker 16: Well, let's leave the hostage negotiation and the countries on

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Speaker 16: one side, because that's an immediate need with people whose

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Speaker 16: lives are at stake at this moment, and that's been

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Speaker 16: going on quite intensely. We can talk about it if

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Speaker 16: you like later in terms of a mediation for the

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Speaker 16: day after the war and what's going to be the

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Speaker 16: future of some kind of state of Palestine and what's

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Speaker 16: going to happen in the Holy Land. I mean, there's

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Speaker 16: been mediation from day one, and it has not especially succeeded.

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Speaker 9: You know.

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Speaker 16: I think it's true that right this moment that Palestinian

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Speaker 16: authority and the Israeli government are not in a position

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Speaker 16: to sit down across the table and talk to one another.

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Speaker 16: They have nothing but to contempt for one another, and

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Speaker 16: so some outside help is needed.

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Speaker 9: Now.

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Speaker 16: I think the question is, you know, how much investment

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Speaker 16: is an American government interested in putting in. It's not

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Speaker 16: an easy task. It's not the only thing President Biden

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Speaker 16: has on his agenda, and not just not just internationally

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Speaker 16: but domestically. It's got an election coming up in a year,

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Speaker 16: so it's a little hard to mention. What the United

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Speaker 16: States has done has put together half a dozen people

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Speaker 16: between State, NSC and White House who are talking to

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Speaker 16: the Palestinian authority and the Israelis about this stuff. It's

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Speaker 16: kind of an attempt to lay out a plan so

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Speaker 16: that the day after doesn't come and we got nothing

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Speaker 16: to talk about. We haven't planned anything, but it's a

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Speaker 16: little bit of an act of academic theoretical work, because

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Speaker 16: we don't know when this war will end, or how

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Speaker 16: it will end, or what Gaza will look like.

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Speaker 3: The Prime Minister also talked about Hamasa's presence outside Gaza

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Speaker 3: and the West Bank, Lebanon and elsewhere. Is that a

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Speaker 3: hint that this war could expand beyond Gaza?

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Speaker 16: So I don't think that was his aim, but you're

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Speaker 16: right that it could. I mean, we have his Belah

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Speaker 16: bearing down from the north and from Lebanon on Israel,

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Speaker 16: and there's always that enormous concern. The reason that the

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Speaker 16: United States has sent to battle ship carriers with aircraft

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Speaker 16: carriers to the Mediterranean to send a message to his belah.

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Speaker 16: But I think also the point he was trying to

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Speaker 16: make is that you know, even if you kill everybody

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Speaker 16: who works for Hamas in Gaza, you still have leaders

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Speaker 16: in Katar and in Beirut, so you know, and that

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Speaker 16: it's some from within the fabric of Palestinian society, so

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Speaker 16: that this is an unrealistic goal. He says.

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