NYC High-Rise Evacuated, NATO Lands $50B Defense Deals, More
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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 Amy Morris. Construction crews were pulled from a 37-story Midtown Manhattan building today after reports of bricks falling from the 21st floor. Now, responders say there's no evidence of that, but they do emphasize the building is not stable. New York City Mayor Zoran Mamdani.
The building remains unstable. Since arriving on scene, we have witnessed additional movement in one of the compromised columns. First responders and structural engineers are working closely with the project engineer to develop plans to shore up the impacted floor. If the floor is deemed to be secure, engineers will enter and begin shoring up the building.
Officials say other buildings and a school have been evacuated while that site is secured. FDNY Chief of Department John Esposito says the situation remains serious and that the building has continued to move since responders arrived on the scene.
The way this building is constructed, it's a steel frame building, so it would not be a total collapse.
It would be more of a localized collapse, but that remains our concern. that it's moving.
The building is the former Pfizer headquarters, which is being converted into residential units. Turning now to the NATO summit in Ankara, Turkey. NATO allies have agreed to at least $50 billion in defense industry deals to show President Trump that Europe is heeding his spending demands. And allies are close to a landmark agreement to extend a Cold War-era fuel pipeline network to Eastern Europe and Turkey. President Trump indicated that he may try to reverse a ban on Turkey buying F-35 fighter jets from the U.S.
It's a decision we're going to make. We have a very good relationship. Many people, I can tell you, many people, including the people sitting right here, thinks, you know, why wouldn't we do that?
Trump says the U.S. has a better relationship with Turkey and that Turkey has been more loyal to the U.S. than other countries. Trump was also critical of NATO's abilities to function without American leadership in power, moving to withdraw U.S. troops from Europe and casting doubt on whether the U.S. would come to the aid of a NATO ally under attack.
What incident led to the evacuation of a high-rise building in NYC?
What we're going to see, I was very disappointed with NATO.
Trump added that had the summit not been held in Turkey, he might not have attended. At the NATO summit, Ukrainian President Volodymyr Zelensky argued that today's wars show that more needs to be done to protect against ballistic missiles.
The one thing we still need to do here in Europe is build. a strong defense against Russia's ballistic missiles. This is Russia's last major advantage.
Zelensky urged NATO allies to increase their supply of Patriot missile systems, which he said were excellent, but not enough. As we turn to the Middle East, the British military says two tankers have been struck by projectiles in the Strait of Hormuz, Bloomberg's Anne-Marie Hordern.
What updates were provided about the stability of the evacuated building?
Given the fact that we just had this Qatar vessel hit earlier this morning in the Strait of Hormuz is going to be whether or not Europe has the ability physically with hardware or the political will to support the United States when it comes to the conflict in Iran and truly opening up the Strait of Hormuz.
Bloomberg's Anne-Marie Hordern traveling with the president at the NATO summit. Oil prices are higher now. WTI crude oil now nearly 3% higher at about $70.50 a barrel. And Brent crude has topped $74 a barrel. It is right at 3% higher. A sell-off in chipmakers dragged down the stock market. We check those markets for you all day long here at Bloomberg.
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