WorldFive commodity vessels passed through the Strait of Hormuz on Tuesday, preliminary shipping data showed, little changed from the previous day but well below the 10-day average of 15. Former Homeland Security official Thomas Warrick provided additional comment.
EconomyMoody’s Analytics chief economist Mark Zandi calls Nvidia a “juggernaut” and says AI is responsible for at least a quarter of economic growth. He says it is supporting demand and modestly adding to inflation, but clear productivity gains have yet to emerge—gains he considers vital to sustaining company valuations. Zandi expects Federal Reserve Chair Kevin Warsh’s Jackson Hole speech to be quiet and unlikely to move markets.
Bloomberg Television
CultureLive coverage from a Las Vegas courtroom on the ninth day of Duane “Keffe D” Davis’ murder trial. Davis is charged in the 1996 killing of rapper Tupac Shakur.
The Associated Press
EconomyMcKinsey partner Maria Goodpaster, Stonepeak managing director Kate Dorsey and Kirkland & Ellis M&A and private-equity partner Melissa Kalka join Dani Burger on Bloomberg Deals to discuss dealmaking in the data-center sector.
Bloomberg Television
EconomyTWG Global, the holding company at the center of Mark Walter’s business empire, defended itself against what it called “multipronged attacks” on its business. Regulators and U.S. prosecutors continue to investigate the firm, while TWG says there has been no fraud.
Bloomberg Television
TechMeta has agreed to pay up to about $18 billion to resolve a lawsuit alleging that Facebook and Instagram were designed to be addictive for children. Former US federal prosecutor Jim Trusty comments on the case.
WorldUNRWA Commissioner-General Christian Saunders discusses Israeli aggression in the occupied West Bank with TRT World. The military has seized UNRWA’s vocational training centre in Qalandiya.
OtherGood Morning America presents the news needed to start the day.
ABC News
WorldCatastrophic flooding hit communities along the Nepal-Tibet border on Wednesday. Rescue teams are searching for at least 1,384 people reported missing, while at least 273 deaths have been confirmed.
OtherNBC News NOW is broadcasting live with real-time coverage of breaking news and developing stories, including on-the-ground reporting and deeper looks at major issues of the day.
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WorldRescuers are searching debris-covered valleys and hillsides in Nepal after a wall of ice, mud and rock collapsed into a mountain river, causing a catastrophic flash flood. More than 1,000 people are missing in Nepal and neighboring China.
Reuters
EconomyKansas City Fed President Jeff Schmid said monetary policy may be accommodative rather than restrictive, with underlying demand pressures potentially warranting a rate hike as soon as Sept. 16. He rejected the idea that the Oct. 28 meeting was ruled out because of the midterm election and discussed the central bank’s future communications and meeting schedules.
Bloomberg Television
World4:56Nepal and Tibet’s extreme Himalayan geography initially made it difficult to determine what caused the catastrophic floods. At least 180 people have died, and the disaster is now believed to have resulted from a glacial collapse.
SportsA Marine veteran who lost his legs to an IED blast while deployed in Afghanistan in 2012 found a new purpose as an adaptive training coach and ultramarathoner. Mike Egan discusses the race where he went viral dragging his wheelchair through mud on the final lap.
OtherNBC News NOW is live with real-time coverage of breaking and developing stories, including reporting from the scene and deeper looks at the day’s most important issues.
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HealthThe Bundibugyo strain Ebola outbreak has ended in Uganda, while the neighbouring Democratic Republic of Congo is still struggling to control its outbreak. The Congolese government reports more than 2,700 deaths and over 5,600 cases, with transmission continuing.
SocietyFrench Prime Minister Sébastien Lecornu is visiting Mayotte for two days with six ministers to discuss reconstruction more than a year and a half after Cyclone Chido hit the island. He says he understands residents’ impatience and wants to “provide solutions.”
ScienceScientists are still investigating what triggered a massive glacier collapse in Nepal. Ice plunged as much as 1,300m into the valley below, causing a destructive flood. University of Dundee glaciologist Simon Cook said a warming event and snowmelt may have contributed, but stressed that the theory remains speculative and warned that continuing risks could threaten rescue efforts.
EconomyPrime Minister Andy Burnham faces a tougher test when Parliament returns next week, as attention turns to how he will finance his agenda. ING’s James Smith tells Reuters that “boring budgets don’t win elections,” keeping the possibility of surprises alive and businesses nervous.
Reuters
PoliticsIran’s Foreign Ministry says the Qatari foreign minister held talks in Tehran with Iran’s foreign minister and additional officials.
CultureSinger-songwriter Alex Warren speaks with Anthony Mason about his sophomore album, WILDCHILD, the loss of his parents and how songs have served as the soundtrack to his emotions.
SocietyAttorney General Todd Blanche announces that the Justice Department arrested more than 80 alleged gang members in Puerto Rico as officials detail a major federal crackdown.
Fox News
WorldFloods and mud swept through several communities along the Nepal-China border after a glacier collapsed, killing at least 270 people. A day later, rescue teams were searching for hundreds of people still missing.
The Associated Press
WorldUniversity of Dundee geoscientist Simon Cook joined Fox & Friends First to discuss what may have caused the deadly flash floods in Nepal.
Fox News