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Announcer this is cnn Breaking News. And we do begin with our Breaking News. Were glad youre with us. Its 6 00 a. M. Here in new york city. Its 1 00 p. M. In israel. Here is the Breaking News that developed overnight. Israel pounding gaza with another wave of air strikes despite threats from hamas to execute hostages. Benjamin netanyahu says the strikes are just the beginning of israels attack. 150 hostages are believed to be inside of gaza right now. Hamas is threatening to kill them on camera in retaliation of the strikes. Israeli troops and tanks have been massing near the border. Military spokesman tells Cnn A Ground Offensive could be necessary to stamp out the Hamas Terrorists. At this stage, we co ....