Ian Bremmer's Quick Take:

Hi, everybody. Ian Bremmer here. Happy week to you. I thought we would do a quick take as we often do talk a little bit today about the latest in the fighting between the Israelis and the Palestinians, still going on. Thousands now of Hamas' rockets raining down on Israel, hundreds of Israeli air sorties, also tanks and artillery hitting Gaza, as well as some violence locally in the West Bank and a fair amount across Israel Proper between Arabs and Israeli Jews living in the country.

I'm pretty optimistic at this point, if you can even use that word, that this is not going to escalate further in the near term. In other words, this doesn't become a ground war. A couple of reasons. First, the Israeli defense forces over the weekend put out a statement showing how much they had already done to degrade Hamas' military capabilities. And historically, they don't do that until they're ready to show success and wrap up their military operations in relatively short order. So that implies a quick pivot, at least to opening negotiations with the Palestinians as to a ceasefire.