January 12, 2025: 24 Dead in LA Wildfires, Rahm Emanuel on US-Nippon Steel, More

Published Jan 13, 2025, 4:35 AM

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News when you want it. With Bloomberg News Now, I'm Doug Chrisner. Officials in Los Angeles County are warning of significant fire weather for the region in the days ahead. The death toll from wildfires across LA County is now twenty four, with at least another sixteen people missing. Here is LAFD Chief Kristin Crowley, speaking earlier to reporters.

With the impending wins, we got to pay really really close attention to this. This win event is approaching us, and it's approaching us very very quickly. I want to reassure you that you're LAFD, all of our regional partners, every single agency that has come from up and down this state and outside of the state, we are ready.

That is Kristin Crowley, chief of the Los Angeles Fire Department. Meantime, Governor Gavin Newsom has deployed additional National Guard troops in the affected areas. Here is Newsom, speaking earlier to NBC's Meet the Press on the road ahead.

Is making sure the life safety focus, the property focus is there is at the same time we're addressing the perimeter issues. The challenge is the wins. We got these wins coming back this evening Sunday night. We've got peak wins on Monday. We're going to see fifty plus mile an hour GUS subject to change. So now we're pre positioning assets.

That is California Governor Gvin Newsom speaking earlier on NBC's Meet the Press. More than eight point four million people in southern California are currently facing critical fire weather conditions. The deadline for Nipon Steel to abandon its bid for US steal has been extended. The Committee on Foreign Investment in the US has given these companies until June eighteenth, that from the original February second. Now earlier this month, President Biden issued an order to halt this transaction, and subsequently the two companies petitioned the Federal Appeals Court in Washington. They argue SIPHI has failed to consider the deal on national security grounds, and they said that Biden's ordered to block it was made purely for political reasons. Here is outgoing US Ambassador to Japan, Rama Manuel.

The relationship is much deeper than a single business transaction. Five years ago, Japan had the same words around Tshiba Second. The United States four months ago awarded a Japanese company twenty billion dollar contract to replace all the cranes at our ports and get the Chinese cranes out. Japan is the only country that produces also a co production on the Patriot Pac three. They've also a series of other weapons systems. Nothing speaks more to trusted ally than those examples.

That is outgoing US Ambassador to Japan Rama Manuel.

Now.

The NICK is reporting that Japan's Prime Minister Ishiba is planning to visit the US in the first half of February to meet Donald Trump, and it is likely that the two will discuss the nipon US deeal transaction. This week, President elect Trump's cabinet nominees will be testifying before the Senate. Bloomberg's Amy Morris has more from Washington.

Pete hag Seth for Defense Secretary, Doug Collins for VA Secretary, and Doug Burgham for Interior Secretary have hearing set for Tuesday. Most hearings will be on Wednesday, including Marco Rubio for Secretary of State and Christy nom for Homeland Security. Pam Bondi's hearing to be Attorney General is on the fifteenth and sixteenth Treasury Secretary designates Scott Besson will testify on the sixteenth, and a few others like RFK Junior, have yet to be scheduled in Washington, Amy Moore as Bloomberg Radio.

Meantime, President elect Trump's choice to run the US Treasury will sell his stake in his hedge fund if confirmed to the Post. This is according to a document released over the weekend by the Office of Government Ethics. More from Bloomberg Saed Colegi.

Scott Bessen President Toan Donald Trump's pick to run the US Treasury Department will resign from Key Square Group and sell his share of the partnership to avoid conflicts of interest. If confirmed by the Senate, The resignation would immediately follow his confirmation as Treasury Secretary. He'd sell his interest in Key Square Group the Macro hedge fund he founded and led within ninety days after winning Senate approval. High ranking government officials are required to disclose their holdings and plans to divest those that could post conflicts prior to confirmation by the Senate, which will hold a hearing for Bessent on Thursday. Ed Kleggy Bloomberg Radio.

In sports, it was a weekend full of action in the NFL, Wildcard Round on Sunday, the Buffalo Bills got a win at home over the Denver Broncos thirty one to seven, and the Philadelphia Eagles beat the Green Bay Packers, taking that match up twenty two to ten. Now the Eagles will face off against the Washington Commanders in the Divisional round. This is after the Commander's Edge past Tampa Bay twenty three twenty And that is news when you want it with Bloomberg News. Now, I'm Doug Prisoner and this is Bloomberg