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Marketplace All-in-One

How cryptocurrency helps fund Hamas

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 13 October 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

While questions remain about how Hamas financed its deadly attack on Israel last weekend, we know that the militant organization has been collecting funds in cryptocurrency. But U.S. and Israeli authorities have cracked down on this flow of funds in recent days. We discuss. Also, the Commerce Department is looking to tighten restrictions on AI chip exports to China.

Transcript

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0:00.0

In a few minutes, we'll look at how cryptocurrency is only part of the funding mechanism for

0:06.4

attacks on Israelis.

0:08.3

I'm David Bruncacio.

0:10.3

First, there's news of a tentative contract deal between the Kaiser Permanente Healthcare

0:14.8

System and its unions.

0:16.8

This after Kaiser workers walked off the job for three days recently, the biggest healthcare

0:21.6

strike in memory.

0:22.8

We're also following interest rates down today and crude oil up nearly 4% in New York

0:29.1

for that.

0:30.1

And more, let's consult Christopher Lowe, chief economist at FHN Financial.

0:33.3

Hey.

0:34.3

Yeah, that's right.

0:35.8

Russia sanctions and probably also some saber rattling from Iran.

0:42.7

We're looking at an increase of more than $3 today.

0:47.4

The good news, I guess, is that we're still about $10 under where oil prices were on

0:54.2

the last day of September.

0:56.6

But this week has been pretty much a steady upward crawl.

1:02.7

Different subject today, people buying a lot of U.S. government bonds.

1:06.7

But ultimately, U.S. government bonds, that's about U.S. government borrowing.

1:10.5

And there's some news on the way in the coming days, right?

1:13.2

Yesterday, the Congressional Budget Office, they issued their estimate of the Treasury deficit.

1:20.4

Their estimate is that the deficit grew by about $300 billion to $1.7 trillion.

...

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