Fed's Cook to Face Trump Committee, Isaias Threatens Gulf Ports, More
Summary
Bloomberg News Now covers President Trump’s formation of a committee to investigate Fed Governor Lisa Cook for alleged mortgage fraud, alongside the Coast Guard shutting down Gulf ports ahead of Hurricane Isaias. Markets rose despite elevated energy costs and a record low in consumer sentiment driven by inflation and borrowing costs. The segment also reports Apple cutting iPhone 18 Pro component orders due to weak demand, New York Mayor Mamdani’s call to end ICE operations following a fatal shooting, and the death of former Bears coach Mike Ditka.
Topics discussed
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Trump committee to investigate Fed Governor Lisa Cook
Hurricane Isaias impacts and rising oil prices
Market update: Stocks and bond yields
Consumer sentiment hits record low
Apple cuts iPhone 18 Pro component orders
NYC Mayor Mamdani vs ICE after shooting incident
Death of former Bears coach Mike Ditka
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