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Bloomberg News Now

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82 segments

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News when you want it with Bloomberg News now.

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I'm Nathan Hager and I'm Karen Moscow. Karen, we begin with the latest from the

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Middle East. Yemen's internationally recognized

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government has launched a full scale campaign to take back territory held by

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Iran backed Houthis. This follows weeks of escalating

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fighting between the militant group and Saudi Arabia around the Baba Mandeb

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strait, as well as key Saudi energy infrastructure.

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We get the very latest from Bloomberg's head of Middle East coverage, Stuart

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Livingston Wallace. As far as they're concerned, they want

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to just get rid of the Hutus altogether and effectively reunify Yemen.

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So it's the intention, I would say history is not necessarily on their

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side. You know, we saw the better part of a

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decade of fighting in which the Who's gained ground and gained control.

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And it's true that they didn't gain control over the whole of the country.

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So there are limits to their own power. So like I say, this is no indication of

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future results. But you have to be a little bit

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skeptical going into this about whether they can make any headway.

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Bloomberg. Mr.

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Wallace reports Saudi Arabia has asked Western governments for additional

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support. The UK is providing refuelling aircraft

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while France is sending troops to the Red sea port of Yanbu.

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The US has said it will not provide extra support beyond the intelligence it

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already gives the Saudis. Meanwhile, Nathan, the US is making a

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major move after last week's arrests at an air base it's been using in the UK

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for the Iran war. The Pentagon has removed all its bombers

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from Royal Air Base Fairford. The New York Times reports the

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withdrawal was carried out with unusual speed, after threats of a new plot

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linked to Iran emerged over the weekend. The Pentagon says despite the pull out,

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personnel who operate the U.S. bomber fleet are prepared to carry out

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precision strikes anywhere in the world. Now to the latest on the artificial

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intelligence debate. Karen.

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President Trump has named his director of national Intelligence, Jay Clayton,

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to help lead a white House task force on AI.

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Clayton told The Wall Street Journal the president's goal for the group is to

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ensure, quote, that we stay the leaders in superintelligence and that the

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interests of the American people are put first.

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Former Federal Trade Commission chair Lina Khan says she is skeptical.

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What we've seen through and through from this administration is just mass elite

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impunity, including for corporate lawbreakers.

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And so I think it's really going to be up to state attorneys general and also

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Democrats, if they win the House and the Senate to do real investigation and

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oversight here. Former FTC Chair Lina Khan appeared on

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ABC's This Week, heard Sundays on Bloomberg Radio.

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The task force comes days after President Trump hosted nearly two dozen

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tech executives at the white House last week to discuss AI risks.

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The Journal reports the group will have 120 days to prepare a report on if the

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Supreme Court opens its new term with a case that could shield oil and gas

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companies from claims for billions of dollars being spent by cities, countries

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and states to adapt to rapidly changing weather patterns.

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And Bloomberg. Amy Morris has more from Washington.

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A years long legal campaign to hold the oil industry accountable for climate

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change is at risk, as the Supreme Court takes up a case that threatens to

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undercut dozens of lawsuits. ExxonMobil and Suncor Energy are asking

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the court to toss out a lawsuit by the city and county of Boulder, Colorado.

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The case has significant implications, with one expert saying it would be

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within the Supreme Court's power to entirely shut down a whole category of

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climate accountability litigation in Washington.

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Amy Morris, Bloomberg Radio. Thanks, Amy.

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This new Supreme Court term comes with trust in the institution at historic

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lows. A recent Gallup survey shows just 34% of

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Americans approve of the High Court. Only 46% say they trust its decisions.

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Conservative Justice Samuel Alito says he's concerned about the future of the

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High Court. I am concerned about the escalation in

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public rhetoric in general, and about the things that people in important

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positions say about the Supreme Court as a whole, and about individual justices

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as Supreme Court Justice Samuel Alito appeared on Fox News Sunday, heard every

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Sunday on Bloomberg Radio. Anything President Trump's chief

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economic adviser is calling on former fed chair Jay Powell to leave the Fed's

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board. The remarks come after an internal

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report released last week cited management failures and the renovation

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of the Fed's headquarters. And here's Kevin Hassett, head of the

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National Economic Council, speaking on Fox News.

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I think that it's time for him to move on and to respect the independence of

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fed and this sort of partisan divide that's very visible at the fed.

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And let's move on to the way the fed used to be in the past.

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And that was director Kevin Hassett on Fox News.

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The Fed's internal watchdog found no evidence of criminal wrongdoing

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connected to the renovation project, although it did cite management

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deficiencies that helped almost double the project's original cost.

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Thanks, John. And that's news when you want it with

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Bloomberg News now. I'm Karen Moscow.

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I'm Nathan Hager and this is Bloomberg.

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