Tropical Storm Lala Hits Hawaii, Lebanon Struck By Israel, More

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What is the impact of Tropical Storm Lala on Hawaii’s power grid?

David Weston 0:00
Hi, I'm David Weston. Join me every week for the Wall Street Week Podcast to hear stories of capitalism from around the world. From geopolitical tensions and central bank decisions to artificial intelligence, energy, and infrastructure, we sit down with the CEOs, economists, policymakers, and thought leaders whose decisions are shaping markets everywhere we find them. Subscribe to the Wall Street Week Podcast on Apple, Spotify. Five or anywhere you listen.
Doug Krisner 0:31
News when you want it. With Bloomberg News Now, I'm Doug Chrisder. Tropical storm Lala is pummeling the island of Hawaii. So far, one person has died. This storm has the potential to bring nearly three feet of rain and damaging winds to parts of the state. Already about two hundred thousand homes and businesses are without power, and they face days without electricity because the storm has down transmission lines that connect parts of the state. Power plants to homes and businesses. We go to the Middle East next, where Lebanon saw its deadliest day of fighting in months. A total of eleven people died in strikes by Israel. Israeli Prime Minister Benjamin Netanyahu said the strikes were in retaliation for a Hezbollah attack, injuring three Israeli soldiers.
Doug Krisner 1:16
Now the IDF said it killed a senior Hezbollah commander in southern Lebanon on

How did recent Israeli strikes affect the conflict in Lebanon?

Doug Krisner 1:21
Saturday. On Sunday, Israel said it would strike the Iranian proxy group again, if threatened. The fighting on the periphery of the war with Iran may further complicate what appears to be deadlock negotiations between Washington and Tehran. Their formal ceasefire agreement ends on Monday. Dan Williams covers the Middle East for Bloomberg.
Dan Williams 1:43
Pakistan, the mediator, said some days ago that the parties had decided on a de facto extension of that MOU. That was denied most voluably by Iran. 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 Imman has served as a mediator. So there is an overarching, or should we say, a backdrop mechanism still ongoing.
Doug Krisner 2:16
That is Bloomberg's Dan Williams. Now at the same time, the US is readying an economic isolation plan. Retired Vice Admiral Robert Harward is former CENTCOM deputy commander.

What are the latest developments in Iran‑U.S. negotiations and the cease‑fire extension?

Doug Krisner 2:28
He joined Bloomberg this weekend to weigh in on what comes next.
Robert Harward 2:31
I think you're actually gonna have to see positive actions from the government of Iran. They're either gonna acknowledge that they are agreeing to free flow of commerce through the straits or other demands of the administration. So it's gonna take action at this point. I don't think rhetoric is still going anywhere. They're gonna have to act. and acquiesce on some of these objectives and and that's what no one's seeing and who can do that may be part of the problem.
Doug Krisner 2:59
That is retired Vice Admiral Robert Harward. Jared Kushner, President Trump's son-in-law, met today in Egypt with the leaders of Hamas. This visit comes as the US backed plan to disarm Hamas appears to have hit a dead end. Last month, President Trump said his Board of Peace reached an agreement with Hamas aimed at stripping the Palestinian group of its weapons. Now Israeli Prime Minister Benjamin Netanyahu later said he rejected that deal. Kushner is now expected to travel to Israel to meet with Netanyahu to discuss the situation in Gaza. President Trump has instructed the Pentagon to cut joint military drills with South Korea. Tonight in a post on Truth Social, Trump said these exercises are not only costly, with much of the cost paid for by the U.S.
Doug Krisner 3:44
Trump also indicated he recently asked the President of South Korea if they would like to.

Why is Jared Kushner meeting Hamas leaders and how does it relate to the U.S. peace plan?

Doug Krisner 3:49
join the US in the denuclearization of the Islamic Republic of Iran. And South Korea, according to Trump, said, no thanks. Colombia has asked the US to pause tariffs as it deals with a deadly disaster, more from Bloomberg's Monica Ricks.
Monica Ricks 4:05
Columbia's president says he called President Trump this weekend to ask whether the U.S.

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