October 10, 2025 • 16 mins
Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Israel’s government approved a deal that will see Hamas release any remaining hostages held in Gaza in exchange for more than 2,000 prisoners, another major step toward fulfilling the terms of a peace agreement and ending the two sides’ bloody conflict.
(2) Norway is bracing for the aftermath of the Nobel Peace Prize announcement on Friday as the Nordic nation has faced increasing pressure from Donald Trump and his administration to award it to the US leader.
(3) The political power players aren’t the only ones jockeying to shape the shifting balance of power in a turbulent France.
(4) The US rushed to stabilize Argentina’s economy on Thursday, offering $20 billion in financing and carrying out a rare intervention in currency markets to prop up the peso after weeks of sharp declines.
(5) New York Attorney General Letitia James was indicted by a federal grand jury in Virginia, making her the second of President Donald Trump’s perceived political enemies to be criminally charged in two weeks
See omnystudio.com/listener for privacy information.
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is the Bimberg Day Baq podcast. Good morning, It's Friday,
the tenth of October. I'm Caroline Hepkott in London.
Speaker 1 (00:15):
And I'm Stephen Caroline Brussels. Coming up today, Israel's government
approves a ceasefire plan with Hamas that will release Palestinian
prisoners and Israeli hostages held in Gaza, bringing a landmark
peace agreement closer to reality.
Speaker 2 (00:30):
France prepares for its sixth prime minister in two years
as political factions jockey for position in a fractious landscape.
Speaker 1 (00:38):
Plus the return of the bean counter's staff at the
US Bureau of Labor Statistics are recalled despite the government's
shutdown to prepare September's inflation report.
Speaker 2 (00:48):
Let's start with a roundup of our top stories.
Speaker 1 (00:51):
Israel's ministers have signed off on the first stage of
the US ceasefire plan, setting up a release of harmssa's
hostages within forty eight hours. The plan will see a
into Gaza ramped up and Israel's troops begin to withdraw
from the strip. Crowds gathered to celebrate in Tel Aviv
and across Gaza, with Israel's Prime Minister Benjamin Netanyahu, saying
(01:11):
the breakthrough was down to US involvement.
Speaker 3 (01:14):
We're right up amid this development in the last two years.
We've fought doing these two years to that the Tuba warriams.
The central one of these warreams is to return the Osages,
all of the Osages, the living in the dam, and
we're about to achieve that.
Speaker 4 (01:34):
Group.
Speaker 1 (01:35):
Despite both Netanyahu's cabinet and Tamasa's chief negotiator having agreed
to the deal, challenges remain. The war has reduced Gaza
to rubble, left tens of thousands dead, and destabilize them.
At least officials have privately told Bloomberg the long term
parts of the peace deal will be far harder to achieve,
with major hurdles in rebuilding Gaza and preventing further violence.
Speaker 2 (02:00):
Trump has hailed his own role in bringing about what
he called peace in the Middle East, as the US
president continues to lobby for a Nobel Peace Prize. Trump
says that he will travel to Israel for the release
of the hostages in the coming days. The US is
also sending two hundred troops to the region to monitor
the deal. Trump has been arguing that his achievements deserve
(02:22):
a Nobel Peace Prize.
Speaker 5 (02:24):
Well, look, I made seven deals and now it's a
solved the wars. One going for thirty one years, one
going thirty four years, one going thirty five years, one
going ten years. I made seven deals.
Speaker 2 (02:41):
This would be number eight, but President Trump is unlikely
to win the annual award, which is announced today. Members
of the Norwegian Nobel Committee have hinted the White House's
campaign has been futile. Some observers have worried there may
be a diplomatic and economic fallout for Way should the
independent five member Nobel Committee not choose him.
Speaker 1 (03:06):
France's President Emmanuel Macron is expected to pick a new
prime minister by this evening, following the resignation of Sebastian
Lacarnu on Monday. In the meantime, the country's business leaders
have been jockying for influence with key political players who
are likely to wield power in the coming months. Bloombergs
Tea Ada Bio has more.
Speaker 6 (03:24):
France's business elite, a courting socialist leader Julier Fought, who
has been tipped as a potential prime minister. Bloomberg understands
that The politician dined with the country's most powerful business
lobby on Wednesday, ahead of Macron's nomination announcement expected today.
During the gathering, he reportedly told industry leaders that another
snap election would destabilize the economy more than any policy
(03:47):
measures backed by the Socialists, including pausing Macron's controversial pension reform.
Although false chances of becoming premier as slim, his party
became kingmakers after last year's surprise elections, his group are
now essential to form a government that doesn't include the
far right. In London, he was at a by Bloomberg Radio.
Speaker 2 (04:07):
The US Treasury is purchasing the Argentine peso to shore
up its value after weeks of sharp declines. Treasury Secretary
Scott best End said in a social media post that
Washington has finalized a twenty billion dollar currency swap line
with Argentina's central bank. This is Eugene Ludwig, a former
supervisor of national banks operating in the US, commenting on
(04:31):
the rare intervention in currency markets.
Speaker 7 (04:35):
Queen, No, it's an important country. It's much larger and
richer than most people understand, so making sure that this
stays stable as well as the currency market generally is
a sensible move, but as I say, this is a
very hard area.
Speaker 2 (04:51):
Eugene Ludwig, former Controller of the Currency, speaking to Bloomberg TV.
There the Chop administration is launching a financial rescue for
political ally Argentinian President Haveavier Milay ahead of upcoming mid
term elections. On the twenty sixth of October, Milay welcomed
the move and thanked Bessent in a post on x
(05:12):
as Argentina's markets rallied on the announcement.
Speaker 1 (05:15):
Bloomberg has learned that the US Bureau of Labor Statistics
is bringing backstaff to finish September's inflation report. The data,
which was originally due next week, is used to determine
the cost of living adjustment for Social Security recipients. The
White House Budget Office has ordered the agency to recall
employees to complete the Consumer Price Index in time for
release by the end of the month. The BLS had
(05:37):
previously suspended all operations during the government shutdown. The last
time has shut down delayed the CPI release was in
twenty thirteen, when the report was pushed back by two weeks.
Speaker 2 (05:47):
New York's Attorney General, Letitia James has been indicted by
a federal grand jury in Viginia, the second of President
Trump's perceived political enemies to be criminally charged in two weeks,
James with charge with one counter alleged bank forward and
one count of making false statements to financial institutions in
(06:08):
relation to a mortgage application. She says the charges are
baseless and that the president's goal is quote political retribution
at any cost. Speaking to Winnebag's Farsi Laqua, Ray Dalio,
the founder of Bridgewater Associates, has warned of in his words,
civil war brewing in the US.
Speaker 8 (06:30):
We're in wars.
Speaker 9 (06:31):
Okay, there is a financial money war, there's a technology war,
there's geopolitical wars, and there are more military wars. And
so we have a civil war of some sort which
is developing in the United States and elsewhere where there
are irreconcilable differences.
Speaker 2 (06:51):
That was Ray Dalio speaking on leaders with Farci Laqua and.
Speaker 1 (06:56):
The UK's Prime Minister of Caro Starmer has held deeper
trade tie with India. On the final day of his
visit to the country, Nerandromodi, the Indian Prime Minister, said
his country and the UK had quote shown the world
the way on global trade as he raised over five
thousand posters in Mumbai celebrating the deal they signed in July.
Starmer tended one point seven billion dollars of investments by
(07:19):
Indian companies and sectors such as education, defense and technology,
which he said would create almost seven thousand jobs in
the UK. He reaffirmed Britain's support for India to join
it with a permanent seat on the UN Security Council,
as he appeared willing to overlook points of disagreements such
as India's purchases of Russian oil.
Speaker 2 (07:38):
Those are our top stories for you this morning in
terms of the market, so largely a sell off in
Asia and Missish Pacific indexes down by almost eight tenths
of one percent after what has been a blistering rally
in global stocks. In terms of stock futures, your stock's
fifty futures this morning are currently down a tenth of
one percent. The dollar is also lower two tenths the
Euro trading at one fifty seventy five. Looking at teny
(08:02):
of treasury yields right now, those are down a basis
point at four twelve. Those are the markets in a moment.
Speaker 1 (08:09):
We'll bring you more on what to expect in France
as we're looking out to the announcement of the next
Prime minister later today. But first we want to bring
you to the Middle East. Israel's government approving that ceasefire
deal with ha Mass that will include releasing thousands of
Palestinian prisoners in exchange for any remaining hostages in Gaza.
Our head of Middle Eastern North Africa coverage, Stuart Livingston
(08:29):
Wallace joins us now for more. Stuart, thanks for being
with us. Where are we now in implementing this ceasefire
deal and what are the next hurdles that need to
be overcome?
Speaker 4 (08:40):
Good morning, So, I mean it all seems to be
going reasonably smoothly. It went to the Israeli cabinet last
night was approved. So we're now in a sort of
a twenty four hour initial phase where the idea, if
that is, the Israeli army will start withdrawing from its
current positions to sort of a pre agreed line. They
will still be inside, but it's going to be over
(09:01):
a significantly smaller amount of territory. At that stage, you
then have a seventy two hour period where the hostages,
both those still alive and those dead are hopefully going
to be brought out of Gaza and back into Israel,
and as you said, simultaneously, a release of Palestinian prisoners
(09:21):
into well, presumably into Gaza. So basically we're looking at
the next four days it's going to unfold. And again
this is very much phase one. And then in terms
of the next hurdles, I mean, I think there's a
long way to go, and you know, we should be
under no illusion about how difficult some of those questions are,
notably on the question of the you know, the complete
(09:42):
disarmament of a mass, the future governance of the Gaza Strip,
and perhaps most importantly the reconstruction of the Gaza Strip.
Speaker 2 (09:52):
What do we know about the US's commitment to overseeing
the deal, also militarily overseeing the commitment to deal?
Speaker 4 (10:01):
I mean, certainly in terms of overseeing the deal from
a sort of political and logistical perspective, the suggestion is
that Trump would head this committee that would sort of
keep an eye on things in direct traffic, as it were.
In terms of the military commitment, I mean, we did
have a statement from Sentacom, that is the bit of
the Department of Defense that looks after the Middle East,
(10:21):
as well as Central Asia and South Asia. They said
they're going to have two one hundred people on the
ground in the Middle East, without specifying exactly where they
will be. Now, SYNCOM has a forward base in Katar,
a rather large one, so I suppose it's conceivable they're
going to do it from there. But I don't think
anyone should interpret that as a commitment for US troops
(10:41):
on the ground, particularly in Gaza, and they were very
clear they had no intention of having troops stationed inside Gaza.
Speaker 1 (10:49):
Stewart Our Big Take report today looks at what's next
in Gaza, feeding the population, reconstruction and governance. I mean,
how big a challenge is ahead for Gaza's future.
Speaker 4 (11:00):
I mean enormous. I mean, I think arguably it's going
to be one of the big biggest engineering challenges of
modern times, just because of the scale of destruction and
the amount of ordinance that has that has been dropped
on Gaza. You know that just clearing the rubble and
making it safe so that you can start building again
is going to take an awful long time. And you know,
(11:21):
we've had lots of guestmates out there. I'm not sure
how accurate any of them could possibly be given that
you know, there's so few people that have actually gone
and seen what's what's there. But we did have a
reporter inside Southern Gaza yesterday and you know he's certainly
reported back that it's exactly what you would expect or
what you've seen on the photos, that it is very
wide scale destruction. So it's going to take a long time,
(11:42):
it's going to take a lot of money, and it's
not clear at this stage quite where that funding is
going to come from or indeed who is going to
carry out the work. But you know, what you can
say on a more positive side is that there is
clearly a great deal of goodwill to make progress here
and to try and right the situation.
Speaker 2 (12:02):
Steve, thank you so much for being with us this
morning as we continue to follow all of the details
as they emerge from the Middle East. That is Stuart
Livingston Wallace, Bloomberg's head of Middle East and North Africa coverage.
Thank you, stay with us. More from Bloomberg daybaqube coming
up after this.
Speaker 8 (12:20):
Now.
Speaker 1 (12:21):
In France, we'll find out later today who will be
the country's next prime minister. That person will need to
build a consensus around a budget on an accelerated timetable.
After Sebastian mcconne resigned from the job on Monday. Richard Bravo,
who leads our team covering government and economics in Western Europe,
joins us now for more rich You and I have
been in Paris all week covering this story. Are we
any closer this Friday morning to knowing who President Macron
(12:44):
might pick?
Speaker 8 (12:45):
Yeah? I don't think we're any closer to knowing exactly
who he will pick to be the next prime minister.
But the important thing to focus on is the fact
that he's naming a prime minister at all. Earlier this
week it was increasingly looking like mccron would call another
snap away that would have meant even more political chaos
and financial instability. So even though it's not clear who
(13:07):
exactly Macron could name, and the list is very long
and it does run the political gamut, most see this
as at least bad option, So we're really looking forward
to seeing who he picks, which we're expecting to find
out later this evening.
Speaker 2 (13:24):
Well, Blimberg's been writing about how business leaders have been
courting the Socialist Party leader Olivier four. How important is
he do you think to what happens next.
Speaker 8 (13:33):
Well, in order to understand the political dynamics at work here,
you have to look back to last summer's European elections,
when the far right made historic gains in France, and
that led Macron to cast snap election in France because
he thought that a new election might reinforce his centrist coalition. Unfortunately,
(13:57):
the opposite thing happened, and the are right made even
more games and it fragmented the National Assembly, that effectively
made the Socialist king makers in parliament for anyone trying
to form a workable government. So in effect, Olivia for
isn't an incredibly important individual in the grand scheme of things.
(14:21):
It's just that he leads a party that is necessary
for anyone trying to form a centrist government in France
at this moment.
Speaker 1 (14:31):
So rich we've taken back out our guests who boards
to try and decide who might be the next Prime
minister of France. But when we do find out, how
long will this next prime minister have to make progress
before the specter of snap elections comes back.
Speaker 8 (14:45):
Well, that's a really important question and the new prime
minister is going to have to act very quickly. So
looking at the timetable, a new cabinet will have to
be named almost immediately, and if they want to pass
a budget through the normal process, that will have to
be proposed on Monday. So that's not a lot of
(15:08):
time to choose a cabinet and get a very complicated
budget together, and that budget will need to be passed
by the end of the year. So we expect to
see things move very quickly, and there really is no
guarantee of success in any of this, whether it's naming
a cabinet or getting a budget together.
Speaker 1 (15:30):
This is Bloomberg Daybreak Europe, your morning brief on the
stories making news from London to Wall Street and beyond.
Speaker 2 (15:36):
Look for us on your podcast feed every morning, on Apple, Spotify,
and anywhere else you get your podcasts.
Speaker 1 (15:43):
You can also listen live each morning on London DAB Radio,
the Bloomberg Business app, and Bloomberg dot Com.
Speaker 2 (15:48):
Our flagship New York station is also available on your
Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.
I'm Caroline Hepca and.
Speaker 1 (15:57):
I'm Stephen Carroll. Join us again tomorrow morning for all
the news you need to start your day. Right here,
on Bloomberg Daybreak Europe
Bloomberg Audio Studios, podcasts, radio news.
Speaker 2 (00:09):
This is the Bimberg Day Baq podcast. Good morning, It's Friday,
the tenth of October. I'm Caroline Hepkott in London.
Speaker 1 (00:15):
And I'm Stephen Caroline Brussels. Coming up today, Israel's government
approves a ceasefire plan with Hamas that will release Palestinian
prisoners and Israeli hostages held in Gaza, bringing a landmark
peace agreement closer to reality.
Speaker 2 (00:30):
France prepares for its sixth prime minister in two years
as political factions jockey for position in a fractious landscape.
Speaker 1 (00:38):
Plus the return of the bean counter's staff at the
US Bureau of Labor Statistics are recalled despite the government's
shutdown to prepare September's inflation report.
Speaker 2 (00:48):
Let's start with a roundup of our top stories.
Speaker 1 (00:51):
Israel's ministers have signed off on the first stage of
the US ceasefire plan, setting up a release of harmssa's
hostages within forty eight hours. The plan will see a
into Gaza ramped up and Israel's troops begin to withdraw
from the strip. Crowds gathered to celebrate in Tel Aviv
and across Gaza, with Israel's Prime Minister Benjamin Netanyahu, saying
(01:11):
the breakthrough was down to US involvement.
Speaker 3 (01:14):
We're right up amid this development in the last two years.
We've fought doing these two years to that the Tuba warriams.
The central one of these warreams is to return the Osages,
all of the Osages, the living in the dam, and
we're about to achieve that.
Speaker 4 (01:34):
Group.
Speaker 1 (01:35):
Despite both Netanyahu's cabinet and Tamasa's chief negotiator having agreed
to the deal, challenges remain. The war has reduced Gaza
to rubble, left tens of thousands dead, and destabilize them.
At least officials have privately told Bloomberg the long term
parts of the peace deal will be far harder to achieve,
with major hurdles in rebuilding Gaza and preventing further violence.
Speaker 2 (02:00):
Trump has hailed his own role in bringing about what
he called peace in the Middle East, as the US
president continues to lobby for a Nobel Peace Prize. Trump
says that he will travel to Israel for the release
of the hostages in the coming days. The US is
also sending two hundred troops to the region to monitor
the deal. Trump has been arguing that his achievements deserve
(02:22):
a Nobel Peace Prize.
Speaker 5 (02:24):
Well, look, I made seven deals and now it's a
solved the wars. One going for thirty one years, one
going thirty four years, one going thirty five years, one
going ten years. I made seven deals.
Speaker 2 (02:41):
This would be number eight, but President Trump is unlikely
to win the annual award, which is announced today. Members
of the Norwegian Nobel Committee have hinted the White House's
campaign has been futile. Some observers have worried there may
be a diplomatic and economic fallout for Way should the
independent five member Nobel Committee not choose him.
Speaker 1 (03:06):
France's President Emmanuel Macron is expected to pick a new
prime minister by this evening, following the resignation of Sebastian
Lacarnu on Monday. In the meantime, the country's business leaders
have been jockying for influence with key political players who
are likely to wield power in the coming months. Bloombergs
Tea Ada Bio has more.
Speaker 6 (03:24):
France's business elite, a courting socialist leader Julier Fought, who
has been tipped as a potential prime minister. Bloomberg understands
that The politician dined with the country's most powerful business
lobby on Wednesday, ahead of Macron's nomination announcement expected today.
During the gathering, he reportedly told industry leaders that another
snap election would destabilize the economy more than any policy
(03:47):
measures backed by the Socialists, including pausing Macron's controversial pension reform.
Although false chances of becoming premier as slim, his party
became kingmakers after last year's surprise elections, his group are
now essential to form a government that doesn't include the
far right. In London, he was at a by Bloomberg Radio.
Speaker 2 (04:07):
The US Treasury is purchasing the Argentine peso to shore
up its value after weeks of sharp declines. Treasury Secretary
Scott best End said in a social media post that
Washington has finalized a twenty billion dollar currency swap line
with Argentina's central bank. This is Eugene Ludwig, a former
supervisor of national banks operating in the US, commenting on
(04:31):
the rare intervention in currency markets.
Speaker 7 (04:35):
Queen, No, it's an important country. It's much larger and
richer than most people understand, so making sure that this
stays stable as well as the currency market generally is
a sensible move, but as I say, this is a
very hard area.
Speaker 2 (04:51):
Eugene Ludwig, former Controller of the Currency, speaking to Bloomberg TV.
There the Chop administration is launching a financial rescue for
political ally Argentinian President Haveavier Milay ahead of upcoming mid
term elections. On the twenty sixth of October, Milay welcomed
the move and thanked Bessent in a post on x
(05:12):
as Argentina's markets rallied on the announcement.
Speaker 1 (05:15):
Bloomberg has learned that the US Bureau of Labor Statistics
is bringing backstaff to finish September's inflation report. The data,
which was originally due next week, is used to determine
the cost of living adjustment for Social Security recipients. The
White House Budget Office has ordered the agency to recall
employees to complete the Consumer Price Index in time for
release by the end of the month. The BLS had
(05:37):
previously suspended all operations during the government shutdown. The last
time has shut down delayed the CPI release was in
twenty thirteen, when the report was pushed back by two weeks.
Speaker 2 (05:47):
New York's Attorney General, Letitia James has been indicted by
a federal grand jury in Viginia, the second of President
Trump's perceived political enemies to be criminally charged in two weeks,
James with charge with one counter alleged bank forward and
one count of making false statements to financial institutions in
(06:08):
relation to a mortgage application. She says the charges are
baseless and that the president's goal is quote political retribution
at any cost. Speaking to Winnebag's Farsi Laqua, Ray Dalio,
the founder of Bridgewater Associates, has warned of in his words,
civil war brewing in the US.
Speaker 8 (06:30):
We're in wars.
Speaker 9 (06:31):
Okay, there is a financial money war, there's a technology war,
there's geopolitical wars, and there are more military wars. And
so we have a civil war of some sort which
is developing in the United States and elsewhere where there
are irreconcilable differences.
Speaker 2 (06:51):
That was Ray Dalio speaking on leaders with Farci Laqua and.
Speaker 1 (06:56):
The UK's Prime Minister of Caro Starmer has held deeper
trade tie with India. On the final day of his
visit to the country, Nerandromodi, the Indian Prime Minister, said
his country and the UK had quote shown the world
the way on global trade as he raised over five
thousand posters in Mumbai celebrating the deal they signed in July.
Starmer tended one point seven billion dollars of investments by
(07:19):
Indian companies and sectors such as education, defense and technology,
which he said would create almost seven thousand jobs in
the UK. He reaffirmed Britain's support for India to join
it with a permanent seat on the UN Security Council,
as he appeared willing to overlook points of disagreements such
as India's purchases of Russian oil.
Speaker 2 (07:38):
Those are our top stories for you this morning in
terms of the market, so largely a sell off in
Asia and Missish Pacific indexes down by almost eight tenths
of one percent after what has been a blistering rally
in global stocks. In terms of stock futures, your stock's
fifty futures this morning are currently down a tenth of
one percent. The dollar is also lower two tenths the
Euro trading at one fifty seventy five. Looking at teny
(08:02):
of treasury yields right now, those are down a basis
point at four twelve. Those are the markets in a moment.
Speaker 1 (08:09):
We'll bring you more on what to expect in France
as we're looking out to the announcement of the next
Prime minister later today. But first we want to bring
you to the Middle East. Israel's government approving that ceasefire
deal with ha Mass that will include releasing thousands of
Palestinian prisoners in exchange for any remaining hostages in Gaza.
Our head of Middle Eastern North Africa coverage, Stuart Livingston
(08:29):
Wallace joins us now for more. Stuart, thanks for being
with us. Where are we now in implementing this ceasefire
deal and what are the next hurdles that need to
be overcome?
Speaker 4 (08:40):
Good morning, So, I mean it all seems to be
going reasonably smoothly. It went to the Israeli cabinet last
night was approved. So we're now in a sort of
a twenty four hour initial phase where the idea, if
that is, the Israeli army will start withdrawing from its
current positions to sort of a pre agreed line. They
will still be inside, but it's going to be over
(09:01):
a significantly smaller amount of territory. At that stage, you
then have a seventy two hour period where the hostages,
both those still alive and those dead are hopefully going
to be brought out of Gaza and back into Israel,
and as you said, simultaneously, a release of Palestinian prisoners
(09:21):
into well, presumably into Gaza. So basically we're looking at
the next four days it's going to unfold. And again
this is very much phase one. And then in terms
of the next hurdles, I mean, I think there's a
long way to go, and you know, we should be
under no illusion about how difficult some of those questions are,
notably on the question of the you know, the complete
(09:42):
disarmament of a mass, the future governance of the Gaza Strip,
and perhaps most importantly the reconstruction of the Gaza Strip.
Speaker 2 (09:52):
What do we know about the US's commitment to overseeing
the deal, also militarily overseeing the commitment to deal?
Speaker 4 (10:01):
I mean, certainly in terms of overseeing the deal from
a sort of political and logistical perspective, the suggestion is
that Trump would head this committee that would sort of
keep an eye on things in direct traffic, as it were.
In terms of the military commitment, I mean, we did
have a statement from Sentacom, that is the bit of
the Department of Defense that looks after the Middle East,
(10:21):
as well as Central Asia and South Asia. They said
they're going to have two one hundred people on the
ground in the Middle East, without specifying exactly where they
will be. Now, SYNCOM has a forward base in Katar,
a rather large one, so I suppose it's conceivable they're
going to do it from there. But I don't think
anyone should interpret that as a commitment for US troops
(10:41):
on the ground, particularly in Gaza, and they were very
clear they had no intention of having troops stationed inside Gaza.
Speaker 1 (10:49):
Stewart Our Big Take report today looks at what's next
in Gaza, feeding the population, reconstruction and governance. I mean,
how big a challenge is ahead for Gaza's future.
Speaker 4 (11:00):
I mean enormous. I mean, I think arguably it's going
to be one of the big biggest engineering challenges of
modern times, just because of the scale of destruction and
the amount of ordinance that has that has been dropped
on Gaza. You know that just clearing the rubble and
making it safe so that you can start building again
is going to take an awful long time. And you know,
(11:21):
we've had lots of guestmates out there. I'm not sure
how accurate any of them could possibly be given that
you know, there's so few people that have actually gone
and seen what's what's there. But we did have a
reporter inside Southern Gaza yesterday and you know he's certainly
reported back that it's exactly what you would expect or
what you've seen on the photos, that it is very
wide scale destruction. So it's going to take a long time,
(11:42):
it's going to take a lot of money, and it's
not clear at this stage quite where that funding is
going to come from or indeed who is going to
carry out the work. But you know, what you can
say on a more positive side is that there is
clearly a great deal of goodwill to make progress here
and to try and right the situation.
Speaker 2 (12:02):
Steve, thank you so much for being with us this
morning as we continue to follow all of the details
as they emerge from the Middle East. That is Stuart
Livingston Wallace, Bloomberg's head of Middle East and North Africa coverage.
Thank you, stay with us. More from Bloomberg daybaqube coming
up after this.
Speaker 8 (12:20):
Now.
Speaker 1 (12:21):
In France, we'll find out later today who will be
the country's next prime minister. That person will need to
build a consensus around a budget on an accelerated timetable.
After Sebastian mcconne resigned from the job on Monday. Richard Bravo,
who leads our team covering government and economics in Western Europe,
joins us now for more rich You and I have
been in Paris all week covering this story. Are we
any closer this Friday morning to knowing who President Macron
(12:44):
might pick?
Speaker 8 (12:45):
Yeah? I don't think we're any closer to knowing exactly
who he will pick to be the next prime minister.
But the important thing to focus on is the fact
that he's naming a prime minister at all. Earlier this
week it was increasingly looking like mccron would call another
snap away that would have meant even more political chaos
and financial instability. So even though it's not clear who
(13:07):
exactly Macron could name, and the list is very long
and it does run the political gamut, most see this
as at least bad option, So we're really looking forward
to seeing who he picks, which we're expecting to find
out later this evening.
Speaker 2 (13:24):
Well, Blimberg's been writing about how business leaders have been
courting the Socialist Party leader Olivier four. How important is
he do you think to what happens next.
Speaker 8 (13:33):
Well, in order to understand the political dynamics at work here,
you have to look back to last summer's European elections,
when the far right made historic gains in France, and
that led Macron to cast snap election in France because
he thought that a new election might reinforce his centrist coalition. Unfortunately,
(13:57):
the opposite thing happened, and the are right made even
more games and it fragmented the National Assembly, that effectively
made the Socialist king makers in parliament for anyone trying
to form a workable government. So in effect, Olivia for
isn't an incredibly important individual in the grand scheme of things.
(14:21):
It's just that he leads a party that is necessary
for anyone trying to form a centrist government in France
at this moment.
Speaker 1 (14:31):
So rich we've taken back out our guests who boards
to try and decide who might be the next Prime
minister of France. But when we do find out, how
long will this next prime minister have to make progress
before the specter of snap elections comes back.
Speaker 8 (14:45):
Well, that's a really important question and the new prime
minister is going to have to act very quickly. So
looking at the timetable, a new cabinet will have to
be named almost immediately, and if they want to pass
a budget through the normal process, that will have to
be proposed on Monday. So that's not a lot of
(15:08):
time to choose a cabinet and get a very complicated
budget together, and that budget will need to be passed
by the end of the year. So we expect to
see things move very quickly, and there really is no
guarantee of success in any of this, whether it's naming
a cabinet or getting a budget together.
Speaker 1 (15:30):
This is Bloomberg Daybreak Europe, your morning brief on the
stories making news from London to Wall Street and beyond.
Speaker 2 (15:36):
Look for us on your podcast feed every morning, on Apple, Spotify,
and anywhere else you get your podcasts.
Speaker 1 (15:43):
You can also listen live each morning on London DAB Radio,
the Bloomberg Business app, and Bloomberg dot Com.
Speaker 2 (15:48):
Our flagship New York station is also available on your
Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.
I'm Caroline Hepca and.
Speaker 1 (15:57):
I'm Stephen Carroll. Join us again tomorrow morning for all
the news you need to start your day. Right here,
on Bloomberg Daybreak Europe
Popular Podcasts
CrimeLess: Hillbilly Heist
It’s 1996 in rural North Carolina, and an oddball crew makes history when they pull off America’s third largest cash heist. But it’s all downhill from there. Join host Johnny Knoxville as he unspools a wild and woolly tale about a group of regular ‘ol folks who risked it all for a chance at a better life. CrimeLess: Hillbilly Heist answers the question: what would you do with 17.3 million dollars? The answer includes diamond rings, mansions, velvet Elvis paintings, plus a run for the border, murder-for-hire-plots, and FBI busts.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.