Sonja Hutson

Thanks, George.

Goldman Sachs reported its highest quarterly profits in five years yesterday.

But that shining moment for the bank was dulled by its fixed income unit.

The record profits were powered by equities traders.

They brought in 27% more in revenues than a year ago, which is higher than analysts expected.

That's because of wild market swings from a series of geopolitical shocks.

But the bank's fixed income, currencies, and commodities traders missed forecasts badly.

Analysts were expecting a 10% rise in revenues in that business, but instead they dropped 10%.

Goldman blamed that on significantly lower net revenues in interest rate products and mortgages.

The bank's share price fell almost 2% throughout the day.

But even with the decline in revenues in its fixed income unit, it was still the third best quarter for Goldman's trading business in its history.

The fragile ceasefire hanging between the U.S.

and Iran quickly came under pressure last week.

Hours after it was announced, Israel bombed its neighbor Lebanon.

And Iran saw that as a grave violation of the truce.

In just 10 minutes on Wednesday, Israel struck dozens of locations across the country, killing over 350 people and injuring around 1,200.

It was one of the deadliest attacks in Lebanon's history, and Israeli strikes on the country have continued since then.

The FT's Middle East correspondent Raya Jalabi joins me from Beirut to discuss the destruction she's witnessed.

Hi, Raya.

Hi, Sonia.