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WSJ What’s News

Israel Seizes Key Gaza Crossing as Rafah Assault Takes Shape

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 7 May 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

A.M. Edition for May 7. WSJ foreign correspondent Stephen Kalin has the latest updates from Gaza after Israel sent tanks into Rafah and Hamas claimed to have accepted a cease-fire proposal. Plus, Apple enters the AI arms race with a push to develop its own chips for data centers. And Boeing’s Starliner launch is called off after concerns emerged with the rocket set to send NASA astronauts into space. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

My mother was very familiar with her neighborhood, but one day she stopped at the stop sign and she wasn't even really sure where she was at.

0:07.0

When something feels different, it could be Alzheimer's. Now is the time to talk.

0:11.0

A message from the Alzheimer's Association and the Ad Council.

0:18.3

Israel ceases a key Gaza border crossing as it ramps up preparations for a broader assault on Rafa.

0:25.0

Plus Apple enters the AI Arms Race with a push to develop its own chips for data centers.

0:31.0

Apple has a lot of experience designing its own chips.

0:36.0

It's made processors for its Macs and for its mobile phones and that experience could potentially give it a leg up.

0:44.0

And as profits fall at BP and Aramco,

0:47.4

will look at why oil earnings are coming back down to earth.

0:51.2

It's Tuesday, May 7th, I'm Luke Vargas for the Wall Street Journal and

0:55.2

here is the AM edition of What's News, the top headlines and business stories moving

1:00.3

your world today.

1:04.0

A lot can change in a day.

1:06.4

Yesterday morning we reported that the Israeli military had begun warning residents of

1:10.3

the Gazan city of Rafa to evacuate evacuate ahead of an offensive there after a breakdown in

1:15.6

ceasefire talks, but that it wasn't clear when an offensive might start.

1:20.6

But not 24 hours later, we have now heard reports of Hamas accepting a ceasefire proposal

1:26.6

and of Israel beginning strikes on Raffa.

1:30.1

Here to make sense of the very latest on the situation in Gaza is Wall Street Journal foreign correspondent Stephen Kalin.

1:35.8

Stephen break this down for us explain how there could be both an acceptance of a ceasefire proposal by Hamas and then strikes on Rafa shortly after.

1:44.1

What's going on?

1:44.9

Yeah, there's a lot of moving parts and I think jockeying for position both on the

...

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