What an extraordinary week it has been and what a dramatic night it is. A new day here. We're entering day nine of Israel-Hamas conflict and there is a cease-fire when words spread the agreement, this is what is sounded like in Gaza city. People took to the street. Massive traffic and crowds as people celebrated Gaza and celebrated what they thought is a victory for Hamas and for Gaza. Question tonight, will the cease-fire hold or will all of this cheering end in rocket once again crisscross over the borders? Will all these people once again take cover in their homes? Will the celebrations end and the fear return? 

For U.S. Secretary of State Hillary Clinton and Egypt President Mohamed Morsi, who push for the cease-fire, the hope is of course the deal will stick. The agreement calls for a discussion on a number of issues including freedom of movement for Palestinians in and out of Gaza and a commitment by Israel not to target militants within Gaza, also commitments from militant groups in Gaza, Hamas included, to halt rocket fires into Israel.

 

Again, a discussion, nothing is a done deal. Over the next hour we gonna look at the negotiation still happening now. We also hear from the spokeswoman for Israeli Defense Forces and from the leader of Hamas. Plus our reporters on the ground a whole lot more. We begin with a look at what has transpired over just the last 24 hours. And it's remarkable there is a cease-fire at this hour when you can consider how this Wednesday started off. Take a look.

 

At midday no signs of truce yet when a city bus is bombed in Tel Aviv. At least two dozen of people are wounded. Israeli police say terrorists left two bombs on the bus and fled. Only one exploded. Hamas praised the attack near the headquarters of Israeli Defense Forces but the group didn't claim responsibility. Farther south, an Israeli home was hit by a rocket. Room after room left in ruins. According to Israeli military, more than 60 rockets were fired from Gaza today with more than 40 landing in southern Israel. The others were intercepted.

 

Across the border in Gaza several large explosions throughout the morning and afternoon. A hundred strikes confirmed by the Israeli authorities today before the cease-fire. The skyline of Gaza city covered in smoke. The city on edge. On some streets, buildings were turned to rubble. CNN's Arwa Damon got a look at what's left behind. 

 

There used to be a small fairly well known shop here that actually has branches throughout the city selling wedding dresses, party dresses. There is a bouquet lying back in there amid the rubble. And it appears that in this case the target of this strike was the police station behind it.

 

But this evening, local time, after intense hours of negotiations, U.S. Secretary of State Hillary Clinton and Egyptian President Mohamed Morsi announced the cease-fire. 

 

"The United States welcomes the agreement today for a cease-fire in Gaza. For it to hold, the rocket attacks must end, a border calm return."

 

A short time later in Jerusalem, Israeli Prime Minister Benjamin Netanyahu talks with reporters. 

 

I know there are those who expect even more intense, military response and that may perhaps be needed. But this time, the right thing for the state of Israel is to exhaust this opportunity to obtain us a long term cease-fire.

 

Throughout Gaza celebratory gunfire rings out. The leader of Hamas remains defiant. 

 

Israel, in all its goals, has failed. Thanks to God.