Hurricane Lala Lashes Hawaii, US-Iran Ceasefire Set to Expire, More

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Bloomberg News Now 6 min 8 speakers 6 chapters transcribed 1 month ago
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What’s the latest update on Hurricane Lala’s impact in Hawaii?

Carol Masser 0:00
Bloomberg Green returns to New York during Climate Week, September 22nd and 23rd, bringing together industry leaders, policymakers, and climate innovators to explore solutions for a more resilient, future-ready world. Powered by Bloomberg's trusted journalism and data-driven insights, discover how climate is reshaping business, technology, policy, and the economy. Presenting sponsor, Hitachi Energy, Official Airline, Alaska and Hawaii. Airlines. Learn more at Bloomberglive dot com slash green ny radio.
Monica Ricks 0:31
News when you want it with Bloomberg News Now. I'm Monica Ricks. Hawaii's avoided a direct hit from Hurricane Lala this weekend, but the storm's still pummeling the big island with strong winds and heavy rains today as it passes offshore.
Monica Ricks 0:56
Flooding and mudslides are still a big concern there. Strong storms are also causing dangerous floods and power outages across the Midwest today, especially in Indiana, where authorities say at least five people have died this week. Tomorrow the ceasefire negotiated between the US and Iran back in June is set to expire despite ongoing attacks between the two over the last sixty days. Dan Williams covers the Middle East for Bloomberg and has more now from Prague.
Dan Williams 1:27
Pakistan, the mediator, said some days ago that the parties had decided on a de facto extension of that MOU that was denied most volubly by Iran.

Why is the US‑Iran ceasefire set to expire and what could happen next?

Dan Williams 1:37
And it's worth remembering that in the interim, we've had these talks involving Oman about some kind of property share for the Hamoos in terms of directions of access. Iran says those talks continue. In fact, it says the US isn't involved. The United States says It has been involved and Imam has served as a mediator. So there is an overarching, or should we say, a backdrop mechanism still ongoing.
Monica Ricks 2:01
Williams on Bloomberg this weekend. This comes as Treasury Secretary Scott Besson says the US is getting ready to squeeze Iran with unprecedented economic pressures this week. The White House is losing one of its top foreign policy decision makers. Bloomberg's Nathan Hager reports from Washington.
Nathan Hager 2:20
Bloomberg News has learned Deputy National Security Advisor Andy Baker is leaving the White House in the coming weeks. Baker had also served as Vice President J.D. Vance's National Security Advisor and was personally involved in now stalled negotiations with Iran.

How are diplomatic talks involving Pakistan, Oman and Iran evolving?

Nathan Hager 2:34
Our source says Baker has a young family and had stayed in the job longer than planned. A longtime aide to Secretary of State Marco Rubio, Mike Needham, will stay on now as deputy. In Washington, I'm Nathan Hager. Bloomberg Radio.
Monica Ricks 2:46
Columbia's president says he's asked President Trump to temporarily suspend tariffs on Colombian goods as the country grapples with the aftermath of a devastating earthquake that's now killed about 300 people.
Monica Ricks 3:11
Tropical fruits like bananas and oil. This week we'll get earnings from some big box retailers including Walmart, Target, and Home Depot, with some analysts predicting full year profit boosts. Kim Forrest is Chief Investment Officer at Boke Capital Partners and says it's a welcome shift from AI.
Kim Forrest 3:29
Whenever anybody says, what do you do every day? I look for growth. We all I don't care if you're a value investor, you're looking for value companies that are gonna grow. Wall Street rewards growth. So we have a big growth story here in the build out of AI, and that's why it's captured everybody's attention and all the money, because it's spending all the money.

Who is leaving the White House’s top foreign‑policy team and why does it matter?

Monica Ricks 3:50
Consumers are still spending, although a little more carefully now in the face of higher energy costs, cooling wage growth, and a softer jobs market. We should also get a read on the housing market this week, including pending home sales, housing starts, and home builder industry sentiment, which will likely remain depressed amid elevated mortgage rates. Wall Street's giving a massive thumbs up to Boeing's comeback efforts. We get more on that from Bloomberg. Charlie Pellet.
Charlie Pellett 4:16
After years of turbulent headlines, analysts are now more bullish on the aerospace giant than they have been in nearly four years. Out of thirty-two analysts tracked by Bloomberg, not a single one is telling investors to sell the stock right now.

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