LA Wildfires Burn Out of Control; Trump’s Panama and Greenland Threats
Bloomberg Daybreak: US Edition
Deep Dive
What is the current status of the Palisades fire in Los Angeles?
The Palisades fire has burned almost 3,000 acres, with strong winds hampering firefighting efforts. Mandatory evacuation orders have expanded to parts of northern Santa Monica, and over 220,000 customers are without power. Governor Gavin Newsom declared a state of emergency due to the destruction of many structures and isolated wind gusts reaching up to 100 miles per hour.
What threats did President-elect Donald Trump make regarding Greenland and the Panama Canal?
Donald Trump did not rule out using military force to take control of Greenland or the Panama Canal, citing economic security as a reason. He also suggested using economic force to make Canada the 51st state, claiming it would improve national security and eliminate the 'artificially drawn line' between the U.S. and Canada.
What is JPMorgan Chase's plan regarding employee work arrangements?
JPMorgan Chase is preparing to require all employees to return to the office five days a week, ending its hybrid work option. This decision is expected to be announced in the next few weeks, affecting over 300,000 employees globally.
Why did Indonesia reject Apple's $1 billion investment plan?
Indonesia rejected Apple's $1 billion investment plan, which included building an AirTag factory, deeming it insufficient to meet local investment requirements. The government is open to negotiations but may impose sanctions if Apple fails to comply with local rules.
What impact did unfavorable NFL results have on FanDuel's owner, Flutter?
Flutter, the owner of FanDuel, saw its shares fall 5% in Europe after warning that its fourth-quarter profits would be hurt by a string of 'very unfavorable sports results' in the U.S., particularly NFL games, which have been the most customer-friendly since the launch of online sports betting.
What is the significance of the FAA designation for Joby Aviation's flying cars?
Joby Aviation's electric vertical takeoff and landing aircraft, also known as flying cars or air taxis, have been given their own FAA designation. While they are not yet allowed to carry civilians, this marks a significant step toward the future of transportation and the potential for daily use of air taxis.
What are the potential economic consequences of Donald Trump's proposed tariffs?
Donald Trump's proposed tariffs, particularly on Canada and Mexico, could lead to increased inflation, especially on food prices, and market volatility. While he may use tariffs as a negotiation tool, the broader economic impact could include political fallout and challenges within his own party, given the narrow House majority.
- Tens of thousands evacuated due to wildfires in Los Angeles.
- Palisades fire burned almost 3,000 acres.
- Strong winds hampered firefighting efforts.
- Many structures destroyed.
- Governor Newsom declared a state of emergency.
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