Bloomberg Daybreak: US Edition LA Under Siege as New Fire Burns; Remembering Jimmy Carter
Jan 9, 2025
Los Angeles faces devastating wildfires, displacing residents and impacting landmarks. Meanwhile, Wall Street could see job losses surpassing 200,000 due to AI advancements. The podcast also pays tribute to Jimmy Carter, discussing his lasting humanitarian legacy and comparing his inflation strategies to Biden's. It emphasizes the need for humility in geopolitical discussions, suggesting it could foster better political dialogue. Amidst the chaos, sports updates provide a lighter touch with highlights from the NBA and college football.
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LA Wildfires
- Los Angeles is facing its worst natural disaster in decades, with wildfires forcing 100,000 residents to evacuate.
- Landmarks like the TCL Chinese Theater and Dolby Theater are within the evacuation zone.
Wildfire Costs
- The Los Angeles wildfires are estimated to be one of the costliest natural disasters in U.S. history.
- AccuWeather projects damages and economic losses between $52 and $57 billion.
Wall Street Job Cuts
- AI could lead to 200,000 job cuts in global banks over the next three to five years, impacting about 3% of the workforce.
- Back-office, middle-office, and operations roles are most at risk.