Discover the staggering financial impact of Israel's recent conflict through compelling numbers. Over 300,000 reservists have been mobilized, contributing to workforce strain yet sparking economic resilience. The podcast dives into significant budget requests and steep drops in tourism and stock market values, alongside an unexpected recovery in early 2024. It also delves into Israeli governance challenges and potential ties to U.S. cryptocurrency legislation, creating a gripping narrative of survival and renewal in the face of adversity.
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insights INSIGHT
$7B Immediate War Damages
The initial invasion of October 7th caused $7 billion in direct damages in just two days.
This figure captures the intense severity and immediate economic impact of the event's first phase.
insights INSIGHT
Reservists Impact Workforce
Israel approved conscription of over 300,000 reservists, causing a substantial workforce decrease.
This mobilization led to about a 7% loss in work hours, especially impacting sectors like tech.
insights INSIGHT
Massive Northern Evacuations
Nearly 70,000 northern residents were evacuated fearing an invasion similar to October 7th.
Many remain displaced due to ongoing conflict and economic disruption in the north.
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The WYNDEX is back in the green, up 1.99% on the week, beating the S&P500 by 1.32% and the NASDAQ by 0.52%. We’re seeing most of the losses from last week regained, with big winners being Lemonade with a strong recovery (+10%) and Palo Alto (+4.48%).
🎯Our Big Shorts for today:
Netanyahu’s government may be safe for now, but key budget dynamics are on the line: The Defense administration is asking for an additional $12 billion aiming at a $42 billion budget (8% of GDP, 20%+ of budget!).
Over in the U.S., Congress approves first major crypto legislation; could Israel be next? The landmark “Genius Act” has been signed into law, establishing a federal framework for stablecoins progress. Could similar legislation happen in Israel?
🔎And our Long Play today is a 10-part look back at the war in numbers:
$7 billion in direct damages from the October 7, 2023 invasion
>300,000 reservists approved for conscription by the Israeli government
68,500 residents displaced from the North
80%, the drop in tourism to Israel when comparing Dec 2023 to Dec 2022
23%, the drop in the Tel Aviv Stock Exchange in the month following Oct 7
Q1 2024, when the Tel Aviv Stock Exchange exceeded pre-war levels
$32 billion, Google’s acquisition of Israeli-founded cybersecurity company Wiz
$12 billion additional rise in military budget coming out of the Iran war
1.3 billion shekels, cost of damages and displacement from the Iran war
Multiple downgrades by the rating agencies - and how they got it wrong in the end
📅 New episodes drop every Wednesday
What’s Your Number? is hosted from Tel Aviv and Silicon Valley by Yonatan Adiri — Israeli entrepreneur and former advisor to President Shimon Peres — and Michal Lev-Ram, Israeli-born Silicon Valley-based tech journalist and contributing editor at Fortune. Together, they unpack the headlines, trends, and data driving Israel’s economy and its future.
(00:00) Intro
(03:04) WYNDEX Update
(04:33) Big Shorts
(12:06) Long Play
(32:00) Words of the Week
(33:15) Outro
⚖️ LEGAL DISCLAIMER
This podcast offers general business and economic information and is not a comprehensive summary for investment decisions. It does not recommend or solicit any investment strategy or security.
What's Your Number?