Bloomberg Businessweek Los Angeles Fires Rage as High Winds Set to Return This Week
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Jan 13, 2025 
Mark Gurman, Bloomberg's Chief Technology Correspondent, dives into Apple's upcoming iPhone plans and how the LA wildfires are impacting technology innovation. John Mowrey, CIO at NFJ Investment Group, shares insights on navigating market volatility, specifically focusing on investment strategies amidst recent economic shifts. The conversation also touches on the broader implications of the wildfires, linking natural disasters to technological advancements and the urgent need for effective investment in tumultuous times.
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Impact on Residential Areas
- Unlike past wildfires which often occurred in uninhabited areas, these fires are impacting residential neighborhoods.
- This poses a greater threat to lives and property, including multi-million dollar homes.
Rebuilding and Climate Change
- People want to rebuild after disasters, but climate change requires rethinking where we live.
- Some areas, like low-lying coastal communities, may become increasingly unsuitable for habitation.
Apple's iPhone Overhaul
- Apple plans a major iPhone overhaul in 2025, including the thinnest iPhone ever, the iPhone Air.
- This focus on miniaturization paves the way for foldable iPhones in the future.