France and Spain Battle Wildfires, Middle East Tensions Ease, More
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What is the main topic discussed in this episode?
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
I was able to enjoy the victories probably more than if I will not have this issue.
One iconic match.
In my mind was, I am almost dead.
And whether he misses playing.
I don't miss tennis because there was nothing else to offer.
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
News when you want it with Bloomberg News Now. I'm Lizzie Burden.
And I'm Stephen Carroll.
Firefighters in France and Spain are battling wildfires for a sixth day as hotter weather threatens to fuel the blazes. More than 300,000 people have been evacuated from the areas affected, with French authorities warning that an uncontrolled fire is heading towards the city of Bordeaux. These people have been sheltering in an exhibition hall in the area.
The police arrived and told us we had to go with them. They brought us to stay here for a few days. We don't know how long. Yes, we're worried because the fire isn't stopping. People tell us one thing and then another. We don't know. There's no information. So we're waiting.
What else can we do? The blaze has become so unpredictable that officials say it's creating its own weather system. Local officials this morning say that the fire has remained largely stable overnight. In Spain, the country's biggest wildfire on record has burned huge swathes of land south of Madrid. Spanish Prime Minister Pedro Sanchez says there are still challenging hours ahead.
The scale of disaster we're experiencing once again in our country is sadly very difficult to comprehend. Yesterday we reported 130,000 hectares had been affected and burned so far this year. Today that figure has already risen to more than 150,000 hectares.
Pedro Sanchez speaking there via a translator. As more than 1,500 soldiers were deployed to help firefighters while dozens of roads have been closed. Forecasters say that temperatures are set to rise again this week, raising fears the fires could spread even further.
Oil prices have slumped after the US paused strikes against Iran, halting a 13-day bombing campaign that has rattled energy markets. Iran says it's also suspended retaliatory attacks, while officials from Tehran and Oman have resumed talks aimed at restoring shipping through the Strait of Hormuz. The news pushed Brent crude briefly below $90 a barrel. It's currently trading at $91.49.
What are the latest developments as firefighters battle wildfires in France and Spain?
On NBC's Meet the Press, U.S. Ambassador to the United Nations Mike Waltz insisted President Trump had not totally ruled out further military action.
The President is keeping all options on the table. I've spoken with the negotiators. I've spoken with Secretary Hegsteth. What the president is doing right now, as we've seen all along, is giving some talks some space.
How many people have been evacuated and what shelter arrangements are in place near Bordeaux?
Talks are ongoing. They're happening at every level, from the more technical aspect of it all the way to the highest levels, of course.
Mike Waltz speaking there to NBC. Despite the pause in US and Iranian attacks, traffic through the Strait of Hormuz remains essentially paralyzed, while Yemen's Iran-backed Houthi militants claim they've attacked Saudi energy facilities.
Shares in China's biggest memory chip maker have jumped by 465% in its first day of trading on the Shanghai stock market. The surge made CXMT China's largest on-shorts listed company with a valuation of around $487 billion. Bloomberg's Asia Equities reporter Winnie Hsu says there is huge interest in the firm.
The strong appetite is very evident from how much the prices are surging. But also we've heard from local report, local media saying that there is slowness in exchange because of how strong, how much of the trading volume we're looking at. And the excitement is also calming as investors turn very optimistic.
Bloomberg's Winnie Hsu speaking there. The firm raised £66.6 billion, one in the country's second largest IPO ever. Shares later climbed as much as 535% above their IPO price in morning trading, reflecting investors' confidence in CXMT's long-term prospects, despite concerns that the AI-driven rally in chip stocks may be peaking.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–2:26
2
What are the latest developments as firefighters battle wildfires in France and Spain?
2:26–2:47
3
How many people have been evacuated and what shelter arrangements are in place near Bordeaux?
2:47–5:42
4
Why do officials say the wildfire is creating its own weather system and how stable is the blaze?
5:42–7:08
Speakers
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