A massive breakthrough in the Middle East. The lead starts right now.

President Biden speaking at the White House moments ago after the Israeli security cabinet

approved a ceasefire deal with Hezbollah in Lebanon. What this could mean for the region

at a potential ceasefire and hostage release deal in Gaza.

Plus, President-elect Donald Trump vows new tariffs on his first day in office.

Business owners warn those costs will be passed on to you, which products maybe hit the hardest.

And today is expected to be the busiest day for air traffic of the Thanksgiving holidays, but it doesn't mean the next

few days will be exactly quiet. With severe weather and staffing shortages, travelers could

face serious delays in the skies and on the roads ahead of those celebrations.

Welcome to the lead. I'm Erica Hill in for Jake Tapper. We begin today with major developments in our world lead.

Just moments ago, we heard from President Biden at the White House heralding a new deal between Israel and Lebanon to, quote, end the devastating conflict between the countries.

The ceasefire agreement is set to take effect in a matter of hours. Today's deal came shortly after Israel's military unleashed a massive assault on the greater

Beirut area.

The southern suburbs bombed 20 times in just two minutes, marking one of the most intensive

bombardment campaigns around the Lebanese capital since the start of the war more than two months ago.

In announcing the ceasefire deal, Israeli Prime Minister Benjamin Netanyahu vowed that while the conflict with Hezbollah is nearing an end,

the fight against Hamas is not over.

We will complete destruction of Hamas, all of our hostages.

We will make sure that Gaza will no longer be a fret on Israel,

and we will bring back the residents of the north to their homes.

CNN's Jeremy Diamond is in northern Israel. Nick Robertson is in Jerusalem, and Priscilla Alvarez is at the White House where President Biden just spoke. Jeremy, let's begin with you. First, walk us through the terms of this deal, what it calls for and also when it takes effect. Well, in a matter of about five

hours time, according to President Biden, we expect that this ceasefire between Israel and

...