Sweeping Winter Storm, Olympian Accused Drug Lord Arrested, More
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What is the main topic discussed in this episode?
News when you want it with Bloomberg News Now. I'm Nathan Hager. It's batten down the hatches time for roughly half the country. A massive winter storm is on the way.
What is the impact of the winter storm on the U.S.?
We are not anticipating any reliability concerns on the statewide electric grid as a result of this weather event. Pablo Vegas heads up the grid in Texas, one of the roughly two dozen states in line for a deep freeze, icy conditions and heavy snow on up into D.C., New York and New England. Bloomberg meteorologist Rob Carolin has more on what's in store starting late tomorrow night.
It's going to be a sizable snowfall. Right now, it looks like the district of Baltimore pick up 8 to 12 inches of snow. There will be some sleet and freezing rain that mixes in a Sunday afternoon, Sunday evening. That may hold the accumulations down there. Also, as we look on up to the New York City area, there may be some mixing, especially south of New York City. But it still looks like an 8 to 14 inch snowfall for the New York area. Southern New England, they could be the jackpot area. Right now, it looks like Boston's looking at 10 to 16 inches. And there could be some places outside of Boston that pick up a foot and a half of snow by the time it's winding down Monday evening. That's Bloomberg meteorologist Rob Carroll.
And electricity and natural gas prices are already spiking ahead of the storm. Roughly 800 flights have been canceled in and out of the U.S. just this morning. And with this system on the way, FEMA has halted plans to fire some temporary disaster relief workers. That's according to an internal memo seen by Bloomberg News, though the message did not give a specific reason for the change in plans. President Trump is renewing his threats on Iran after backing off plans to strike the country over executions of protesters.
We have a big force going toward Iran. I'd rather not see anything happen, but we're watching them very closely.
President Trump described that force as an armada in remarks aboard Air Force One last night. Human rights activists say despite what President Trump had said were his assurances, Iran's crackdown on dissent is surging and the number of demonstrators executed may be above 20,000. A former Olympic snowboarder who's on the FBI's most wanted list is now under arrest. Attorney General Pam Bondi posted on X, Ryan Wedding is being flown to the U.S. to face justice. Wedding is accused of helping to run a billion-dollar drug enterprise with Mexico's Sinaloa cartel. Wedding competed for Canada in the 2002 Winter Games. The U.S., Ukraine, and Russia have begun more talks in Abu Dhabi today after more than four hours of late-night discussions between the U.S.
and Russia in Moscow seem to end with little breakthrough. Bloomberg's Oliver Crook has more from Brussels.
Now that we basically have solidified those security guarantees from the United States to the Ukrainians for the post-war, but that's for the day after. The day today is still dealing with that one fundamental issue, those territorial concessions, the Russians wanting all of the Donbass to basically be given to the Russians, despite the fact that they do not control at all. It is very hard to see how to break through that impasse.
Bloomberg's Oliver Crook reporting from Brussels. The European Union is holding off on retaliatory tariffs against the U.S. for another six months. That's after President Trump backed off his threat of higher duties on several European nations over Greenland. Bloomberg trades are Brendan Murray reports the damage to the transatlantic alliance may be done.
European leaders met here in Brussels late into the evening last night and the message that we got from them when they came out looking very tired after a very hectic week was that they can no longer trust the U.S. the way they used to trust the U.S. The transatlantic relationship is going to undergo a rethink and the Europeans are talking a lot more than they have in the past about strategic autonomy,
But for now, Bloomberg's Brendan Murray reports tariffs on about $109 billion in Boeing planes, American cars and bourbon are on hold.
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