Chapter 1: What is the main topic discussed in this episode?
The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Nathan Hager.
And I'm Karen Moscow.
Karen, let's start with details on the historic blizzard that pounded the East Coast. Bloomberg meteorologist Craig Allen's been following this storm every step of the way and is here with us now. So, Craig, what kind of accumulations are we looking at from this one?
Yeah, Nathan, this one does go down in the history books with historic numbers. 19.7 inches of snow for New York City. Now, that's the ninth largest storm on record. Records for New York City go back to 1869. Not too much down towards Washington, D.C., but a lot more in the other direction along the I-95 corridor on up towards Boston. 31.8 inches. inches officially at Boston.
And before you get to Boston along 95, you hit Providence, 38 inches. That is the highest snowfall total ever recorded in the state of Rhode Island. And 80 to 85 mile per hour winds were also recorded along the coast. There is still about a quarter million people without power in portions of Massachusetts, that is, southern sections of Rhode Island, and also down the Jersey Shore.
Wasn't wasn't too bad down there once you got inland. But right along the shore, there's anywhere from about 15 to 25 inches with power outages continuing down across southern New Jersey.
OK, so with one to three feet of snow in parts of the northeast, are we going to get any break in the temperature so we can dig out of this?
It's going to be cold today. No precipitation today. It will be cold. Temperatures will be within a few degrees either side of freezing. That is running about 10 to maybe even 15 degrees below average. Milder temperatures are expected for the latter portion of this week. However, it comes at a little bit of a cost. There will be additional systems coming through. Nothing.
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Chapter 2: What are the impacts of the historic blizzard on the East Coast?
All right, Bloomberg meteorologist Craig Allen. Thank you, Craig. And we'll be checking in with you throughout the morning as the digout continues in the northeast. Things are not back to normal just yet. Bloomberg's John Tucker joins us with the very latest. John, good morning.
Good morning, Karen. Yeah, it's going to be days before we dig out from the blizzard of 26. After three canceled flights, this man spoke for many.
How is my winter going in general?
Chapter 3: How much snow accumulation was reported in major cities?
It's a little bit too long if you ask me. I'm wondering if they'll let me become the new groundhog and I can decide if winter stays a little bit longer because this has been a bit much.
More than 11,000 flights have been grounded through today. More than 500,000 homes and businesses without power as of late yesterday. New Jersey Transit says North Jersey Coastline and Raritan Valley Line service will remain suspended. Northeast Quarter trains, they're operating on a President's Day schedule with some adjustments.
On the streets of Manhattan, sidewalks are treacherous in spots where snow has now turned to sheets of ice. And New York City schools will be open for in-person instruction this morning. In New York, I'm John Tucker, Bloomberg Radio.
All right, John, thank you. Turning to politics now, we have a major story on that front coming up tonight as President Trump delivers his State of the Union address to a joint session of Congress. Affordability and tariffs are expected to be two key themes. Bloomberg's Amy Morris has a preview from Washington.
President Trump's second year in office is struggling with erratic messaging, policy reversals, and sinking poll numbers. Former Republican Congressman Patrick McHenry of North Carolina, now a Bloomberg News contributor, tells Bloomberg Daybreak there's plenty for the president to talk about.
So the question of tariffs and how the president's going to respond. to speak to this massive buildup of troops and air power in the Middle East, and doing so in the midst of, you know, nearly 50 million people sucked in in a blizzard.
And while the president's economic agenda was thrown into chaos after the Supreme Court struck down his preferred method of imposing global tariffs, he's expected to continue to promote levies in the State of the Union. In Washington, Amy Morris, Bloomberg Radio.
All right, Amy, thank you. President Trump has invited both the men's and women's gold medal hockey teams to attend the State of the Union address. The women's squad has declined the invite, while many of the men's teams say they plan to attend. And you can catch extended coverage of the State of the Union tonight with a special edition of Balance of Power. Coverage begins at 8 p.m.
Wall Street time with Joe Matthew and Kaylee Lines on Bloomberg Radio and Television.
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Chapter 4: What are the current power outages and transportation disruptions?
after the big win over Michigan is now ranked number one. Detroit Tigers ace Tarek Skubal says he will pitch for the USA and the World Baseball Classic, but only one game. That's your Bloomberg Sports Update.
Thanks, John. And that's news when you want it with Bloomberg News Now. I'm Karen Moscow.
I'm Nathan Hager, and this is Bloomberg.
As a place to do business, the UK stands apart. Not because of a single advantage, but a uniquely powerful combination of many. As one of the world's leading financial centres, the UK puts over £10 trillion to work every day, fuelling innovation across every sector. Home to four of the world's top universities, it provides exceptional talent and breakthrough research.
This sits alongside a clear 10-year industrial strategy, unlocking smarter regulation and making it faster and easier to operate. Stability with dynamism. Global connectivity with local depth. It all adds up to greater growth. Visit business.gov.uk slash growth. The news doesn't stop on the weekends.
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