Iran Hits Kuwait After US Escalation, Canada Wildfires, More
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News when you want it with Bloomberg News Now. I'm Monica Ricks. For a seventh night in a row, the U.S. and Iran traded strikes with American forces targeting Iran's military capabilities and infrastructure, including a surveillance tower tracking vessels in the Strait of Hormuz. Iran retaliated with drone and missile attacks against U.S. allies in the Middle East, including Kuwait, which had to suspend flights after its airport and an oil facility were hit. The attacks have caused Brent crude to surge and settle around $88 on Friday, notching its biggest weekly advance since April. That followed an Axios report that the Trump administration notified Israel that it's sending more refueling planes to the country, a possible signal that U.S.
military operations could expand in the coming days. The death toll from twin earthquakes in Venezuela keeps rising and is now past 5,000 as search and rescue operations continue in some areas with international assistance. The country's also drawn millions from its reserves at the International Monetary Fund since the quakes hit last month to help finance recovery and reconstruction. Thousands of people have been displaced there. Here at home, rescue workers are rushing to pull people trapped in their homes following storms that have caused deadly flooding in Texas. This man says high waters rushed through his home twice this week.
Water was coming through all these ways, all these ways the water was coming. Water was coming, water was coming.
At least two people have died. Meantime, millions are muddling through more unhealthy air today in the Great Lakes, Northeast and Mid-Atlantic from uncontrolled wildfires in Canada. President Trump has threatened Canada with more tariffs for the wildfire pollution, which he says is costing the U.S. billions of dollars. Bloomberg's Emily Forgash is covering this and says conditions seem to be improving.
It has gotten a bit better today and will keep getting better through the day. We expect some rain in New York today that should help. And yeah, the World Cup match seems to be happening tomorrow, although that can always change.
How did Iran and the U.S. escalate strikes in the Middle East and where was Kuwait hit?
Emily Forgash on Bloomberg this weekend. FIFA says it's monitoring the situation but doesn't expect the final to be impacted. Today, England will face France for third place in Miami. Federal health officials have identified lettuce from Mexico served by Taco Bell locations across five states as a source of that diarrhea-causing parasite, cyclospora. The USDA is also looking into Taylor Farms products, including their salad kits that have been linked to the outbreak. Homeland Security Secretary Mark Wayne Mullen has promised an aggressive attack against voter fraud ahead of midterms.
If you are an illegal or you're voting illegally, We will hunt you down, we will find you, and we will prosecute you.
Mullen also threatened state election officials with fines and prison time if they don't hand over sensitive voter data to DHS. The threat follows President Trump's primetime address this week, reviving unsubstantiated claims about the 2020 election. Lawmakers in Wisconsin are calling for Elon Musk to be charged under the state's election bribery laws after he offered million-dollar payments to voters in last year's state Supreme Court election. Green Bay State Representative Ahmaud Rivera-Wagner.
People rightfully feel that there's one standard for ordinary Wisconsinites and another one for billionaires. Public trust depends on proving that that is not true.
State lawmakers also announced legislation to strengthen Wisconsin's anti-election bribery laws. A losing week for the S&P 500 with chip stocks moving into a bear market.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:21
2
How did Iran and the U.S. escalate strikes in the Middle East and where was Kuwait hit?
2:21–4:18
3
What impact did the Iran–U.S. exchanges have on global oil prices?
4:18–4:56
4
What new U.S. military movements or signals were reported after the strikes?
4:56–6:18
5
How are Venezuela’s earthquake toll and IMF reserves affecting recovery efforts?
6:18–7:17
Speakers
10 identifiedMore from Bloomberg News Now
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