What We're Watching
California scorcher, Gulf states threaten Netflix, potential Putin-Xi meeting
Water is dropped near a fireman as the Fairview Fire burns near Hemet, California.
REUTERS/David Swanson
Californians are bracing for mass power outages as the state of 40 million people suffers a record-breaking heatwave with temperatures in the triple digits. With residents cranking up air conditioners, state authorities say energy use statewide is hitting record levels. (The power grid is under added pressure because of the extreme heat, which makes power transmission less efficient.) Meanwhile, California’s independent grid operator called for energy rationing between 4 and 9 pm, advising residents to turn up their thermostats and avoid using energy-intensive equipment like dishwashers and washing machines. Indeed, the heatwave and energy crunch indicate that extreme weather events linked to climate change are pummeling countries in the developing and developed world alike. (With a GDP of $3.4 trillion in 2021, California’s economy is the largest in the US, surpassing countries like India and France.) As several wildfires broke out in Southern California in recent days, Governor Gavin Newsom warned that “we’re heading into the worst part of this heat wave.”
The Kim dynasty has outlasted every threat for 80 years. Wall Street Journal's Jonathan Cheng explains how, and why the Iran war just made Kim Jong Un seem untouchable.
At the 2026 World Bank/IMF Spring Meetings, former Egyptian Minister of Planning, Economic Development & International Cooperation Rania Al-Mashat speaks with GZERO’s Tony Maciulis about a global economy increasingly shaped by geopolitical fragmentation and rising uncertainty.
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