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News when you want it with Bloomberg News now.
I'm Nathan Hager and I'm Karen Moscow. Karen, we begin with the latest from the
Middle East. Yemen's internationally recognized
government has launched a full scale campaign to take back territory held by
Iran backed Houthis. This follows weeks of escalating
fighting between the militant group and Saudi Arabia around the Baba Mandeb
strait, as well as key Saudi energy infrastructure.
We get the very latest from Bloomberg's head of Middle East coverage, Stuart
Livingston Wallace. As far as they're concerned, they want
to just get rid of the Hutus altogether and effectively reunify Yemen.
So it's the intention, I would say history is not necessarily on their
side. You know, we saw the better part of a
decade of fighting in which the Who's gained ground and gained control.
And it's true that they didn't gain control over the whole of the country.
So there are limits to their own power. So like I say, this is no indication of
future results. But you have to be a little bit
skeptical going into this about whether they can make any headway.
Bloomberg. Mr.
Wallace reports Saudi Arabia has asked Western governments for additional
support. The UK is providing refuelling aircraft
while France is sending troops to the Red sea port of Yanbu.
The US has said it will not provide extra support beyond the intelligence it
already gives the Saudis. Meanwhile, Nathan, the US is making a
major move after last week's arrests at an air base it's been using in the UK
for the Iran war. The Pentagon has removed all its bombers
from Royal Air Base Fairford. The New York Times reports the
withdrawal was carried out with unusual speed, after threats of a new plot
linked to Iran emerged over the weekend. The Pentagon says despite the pull out,
personnel who operate the U.S. bomber fleet are prepared to carry out
precision strikes anywhere in the world. Now to the latest on the artificial
intelligence debate. Karen.
President Trump has named his director of national Intelligence, Jay Clayton,
to help lead a white House task force on AI.
Clayton told The Wall Street Journal the president's goal for the group is to
ensure, quote, that we stay the leaders in superintelligence and that the
interests of the American people are put first.
Former Federal Trade Commission chair Lina Khan says she is skeptical.
What we've seen through and through from this administration is just mass elite
impunity, including for corporate lawbreakers.
And so I think it's really going to be up to state attorneys general and also
Democrats, if they win the House and the Senate to do real investigation and
oversight here. Former FTC Chair Lina Khan appeared on
ABC's This Week, heard Sundays on Bloomberg Radio.
The task force comes days after President Trump hosted nearly two dozen
tech executives at the white House last week to discuss AI risks.
The Journal reports the group will have 120 days to prepare a report on if the
Supreme Court opens its new term with a case that could shield oil and gas
companies from claims for billions of dollars being spent by cities, countries
and states to adapt to rapidly changing weather patterns.
And Bloomberg. Amy Morris has more from Washington.
A years long legal campaign to hold the oil industry accountable for climate
change is at risk, as the Supreme Court takes up a case that threatens to
undercut dozens of lawsuits. ExxonMobil and Suncor Energy are asking
the court to toss out a lawsuit by the city and county of Boulder, Colorado.
The case has significant implications, with one expert saying it would be
within the Supreme Court's power to entirely shut down a whole category of
climate accountability litigation in Washington.
Amy Morris, Bloomberg Radio. Thanks, Amy.
This new Supreme Court term comes with trust in the institution at historic
lows. A recent Gallup survey shows just 34% of
Americans approve of the High Court. Only 46% say they trust its decisions.
Conservative Justice Samuel Alito says he's concerned about the future of the
High Court. I am concerned about the escalation in
public rhetoric in general, and about the things that people in important
positions say about the Supreme Court as a whole, and about individual justices
as Supreme Court Justice Samuel Alito appeared on Fox News Sunday, heard every
Sunday on Bloomberg Radio. Anything President Trump's chief
economic adviser is calling on former fed chair Jay Powell to leave the Fed's
board. The remarks come after an internal
report released last week cited management failures and the renovation
of the Fed's headquarters. And here's Kevin Hassett, head of the
National Economic Council, speaking on Fox News.
I think that it's time for him to move on and to respect the independence of
fed and this sort of partisan divide that's very visible at the fed.
And let's move on to the way the fed used to be in the past.
And that was director Kevin Hassett on Fox News.
The Fed's internal watchdog found no evidence of criminal wrongdoing
connected to the renovation project, although it did cite management
deficiencies that helped almost double the project's original cost.
Thanks, John. And that's news when you want it with
Bloomberg News now. I'm Karen Moscow.
I'm Nathan Hager and this is Bloomberg.
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