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Biden visits Maui as natural disaster’s ravage America’s west

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President Joe Biden is visiting Maui as authorities race against time to locate and recover nearly 850 people who remain missing after catastrophic wildfires ravaged the island.

These fires, which have been over 80% contained as of Sunday, have already claimed more than 110 lives and caused extensive property damage. This disaster marks the worst in Hawaii’s state history and the deadliest wildfires in the United States in over a century.

Upon his arrival, President Biden, accompanied by the first lady, will conduct an aerial survey of the destruction in Lahaina via helicopter. Subsequently, they will visit the wildfire-affected areas in person, receiving briefings from officials during their tour.

While in Hawaii, President Biden will also announce the appointment of Bob Fenton, a FEMA regional administrator, to oversee the long-term federal efforts to support Maui’s recovery. Fenton has been actively engaged in the disaster response since the wildfires began.

Recover and rebuild

“I will do everything in my power to help Maui recover and rebuild from this tragedy,” President Biden said in a statement on Sunday before his trip. “Throughout our efforts, we are focused on respecting sacred lands, cultures, and traditions.”

President Biden has maintained regular contact with Hawaii Governor Josh Green and has received updates from Federal Emergency Management Administrator Deanne Criswell throughout the crisis.

Search and recovery teams have combed through about 85% of the disaster site in Lahaina thus far, according to county officials. The FBI and the Maui Police Department have successfully located over 1,200 survivors.

Biden declared a major disaster in Hawaii on Aug. 10, just hours after the governor’s request, which unlocked crucial federal assistance for Maui. Currently, more than 1,000 federal personnel, including over 450 search and rescue team members, are on the ground in Maui. FEMA reports that the White House has approved $8.2 million in assistance to more than 2,700 households, including $3.4 million in initial rental assistance.

The wildfires ignited abruptly and spread rapidly around Aug. 8, fueled by Hurricane Dora’s winds and exacerbated by drought conditions on Maui. While the cause of the fires is under investigation, several lawsuits have already been filed against Hawaiian Electric, alleging that downed power lines sparked the blazes.

Disaster review

Hawaii Attorney General Anne Lopez has initiated a review of the disaster response by state and local officials. Notably, the Maui Emergency Management Agency did not activate sirens during the wildfires, leaving residents with little warning of the rapidly spreading fires.

Maui’s emergency management administrator, Herman Andaya, resigned abruptly last week after initially defending his decision not to activate the sirens. Governor Green has clarified that the review of the local emergency response is not a criminal investigation.

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Trump’s “very productive” deal: What’s behind the U.S.-China agreement?

US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.

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US and China agree to new terms amid trade war, following productive talks between Treasury Secretary Bessent and Vice Premier He.


The United States and China have reached a new agreement amid an intensifying trade war between the world’s two largest economies. This comes after US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held their first in-person talks since the imposition of heavy tariffs on both sides.

President Trump has described the discussions as “very productive,” signaling cautious optimism as financial markets remain volatile and American consumers feel the pinch of rising prices. Secretary Bessent addressed reporters after long negotiations, underlining the urgency both sides felt to de-escalate the stalemate.

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U.S. and China strike surprise trade deal

US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.

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US and China reach a significant trade deal amid tensions, signaling thawing relations, while the UK secures symbolic concessions; insights from economist Tim Harcourt.


In a stunning development amid rising tensions, the United States and China have agreed on a new deal as part of their ongoing trade war.

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng held the first in-person meetings in years, signaling a potential thaw in relations.

President Trump called the talks “very productive.”

Meanwhile, the UK has managed to score key trade concessions from the US, including on autos, jet engines, and steel—although the benefits may be more symbolic than substantial. Could this deal impact Australia’s trade position?

We unpack the details with Professor Tim Harcourt, Chief Economist at UTS and host of The Airport Economist.

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Inflation data, earnings reports, and market trends to watch

Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

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Investors focus on inflation data, trade meetings, Fed remarks, retail sales, and key earnings reports this week.

In Short:
Inflation data will be a key focus this week, alongside trade meeting results and important earnings reports. Investors will monitor Fed Chair Jerome Powell’s remarks and various economic indicators, including retail sales and sentiment surveys.

Inflation data set for Tuesday is expected to be a focal point this week.

Investors will also assess the results of recent U.S. and Chinese trade meetings following a quiet Friday that saw stock declines for the week.

On Thursday, remarks from Fed Chair Jerome Powell will be closely monitored as he faces pressure from President Donald Trump regarding interest rate decisions.

Retail sales figures will also be released on Thursday, coinciding with Walmart’s earnings report.

Key earnings announcements this week include those from Cisco Systems, Alibaba Group, Deere & Co., Applied Materials, and Take-Two Interactive.

In addition, consumer and small business sentiment surveys, along with data from the homebuilding and manufacturing sectors, may also draw interest.

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