Bloomberg Daybreak: US Edition Los Angeles Fires Rage; Blue Origin Launch Delayed
6 snips
Jan 13, 2025 Wildfires in Los Angeles are devastating, with rising destruction and a looming death toll, as high winds threaten to worsen conditions. Trudeau is readying tariffs against the U.S. if trade tensions escalate. Meanwhile, Bezos’ Blue Origin faces delays in launching its new rocket. Economic forecasts for California predict losses between $250 and $275 billion, raising concerns about rebuilding and the implications for the space industry. Additionally, there are insights into political changes and the challenges faced by local leadership in dealing with the fire crisis.
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LA Wildfire Devastation
- The Los Angeles wildfires have caused significant devastation, claiming lives and destroying thousands of buildings.
- Strong Santa Ana winds fueled the rapid spread of the fires, covering a vast area.
Rebuilding with Resilience
- FEMA Administrator Deanna Criswell emphasizes the need for stronger, fire-resistant homes in rebuilding efforts.
- Focus on using science and technology to enhance building resilience against future fires.
Canada's Tariff Stance
- Justin Trudeau stated Canada is prepared to impose retaliatory tariffs if the U.S. targets Canadian goods.
- He highlighted the strong trade relationship between the two countries and the potential negative impact on American jobs.