Bloomberg Daybreak: US Edition Deadly Flash Floods Devastate Texas; Trump Tariff Deadline Looms
Jul 7, 2025
Craig Allen, a Bloomberg meteorologist with expertise in weather analysis, discusses the catastrophic flash floods in Texas that have tragically claimed over 80 lives. He delves into search and rescue efforts and the implications for local communities. The conversation also shifts to President Trump's impending tariff deadlines and the economic shifts occurring as he turns his focus from taxes to trade, while Elon Musk's announcement of a new political party adds to the unfolding drama in U.S. politics.
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Texas Floods Unleash Extreme Rainfall
- Four to five hours of torrential rain caused what is normally a four-month rain total in parts of Texas, leading to catastrophic floods.
- The ongoing heavy rains and flash flood watches worsen already dire conditions across multiple Texas cities.
Tragic Impact on Summer Camp
- At a summer camp in Kerr County, 27 people died in the flood.
- Ten children and a counselor remain missing, highlighting the human toll and ongoing search efforts.
Trade Focus Shifts to Tariffs
- The Trump administration is issuing tariff letters to many countries as a 90-day pause ends, signaling a focus on trade tensions.
- Some countries might negotiate deals before tariffs go into effect August 1 to avoid penalties.