US-Iran Ramp Up Strikes, TX Floods, Canada Wildfires, More

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Bloomberg News Now 7 min 9 speakers 5 chapters transcribed 2 months ago
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What is the main topic discussed in this episode?

Carol Masser 0:00
This week on Leaders, with me, Francine Lacqua. I speak to tennis legend Rafa Nadal about how he stayed competitive despite injury.
Rafa Nadal 0:08
I was able to enjoy the victories probably more than if I will not have this issue.
Carol Masser 0:13
One iconic match.
Rafa Nadal 0:15
In my mind was, I am almost dead.
Carol Masser 0:19
And whether he misses playing.
Rafa Nadal 0:21
I don't miss tennis because there was nothing else to offer.
Carol Masser 0:24
Listen and watch Leaders with me, Francine Lacroix, on Bloomberg Television or wherever you get your podcasts.
Monica Ricks 0:32
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. The renewed 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.
Monica Ricks 1:14
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.
Unknown 1:46
Water was coming through all these ways, all these ways the water was coming. Water was coming, water was coming.
Monica Ricks 1:51
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. FIFA's monitoring the situation now, but doesn't expect anything to change ahead of the World Cup final tomorrow, where Mexican President Claudia Scheinbaum and Canadian Prime Minister Mark Carney are set to join President Trump. He invited them, despite a month filled with regional tensions, and actually congratulated all participating teams yesterday.
Donald J. Trump 2:20
This has been... Not just a sporting event. This has been far beyond a sporting event. This has been something very, very special.
Monica Ricks 2:27
Today, England faces 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.

What happened as US and Iran traded strikes for a seventh night?

Markwayne Mullin 2:55
If you are an illegal or you're voting illegally, we will hunt you down, we will find you, and we will prosecute you.
Monica Ricks 3:05
Mullen also threatened state election officials with fines and prison time if they don't hand over sensitive voter data to DHS.

How did the US strikes target Iran’s military infrastructure in the Strait of Hormuz?

Monica Ricks 3:13
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.
Unknown 3:34
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.
Monica Ricks 3:44
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. Here's Bloomberg's Charlie Pellett.
Charlie Pellett 3:57
The SOX, the Philadelphia Stock Exchange Semiconductor Index, is now down 20% from a recent high, and that meets the definition of a bear market.

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