Rising from the Ashes

Moments after the Federal Reserve announced its largest interest rate hike since 1994, the stock market reacted positively. Stocks shot up yesterday afternoon. Fast-forward to today and it's the total opposite. Stocks are down across the board so again, don't look at your 401k. We go In Depth into what's happening on Wall Street.  But the big shots on Wall Street always seem to come out ahead. How...

The Federal Reserve takes bold action to try to stabilize the economy and slow down inflation. It raised a key interest rate by three-quarters of a point. That's something that hasn't happened since the 1990s. We go In Depth to find out what it means for the economy and all of us.  A new Yahoo News/YouGov poll finds most Democrats and Republicans are pessimistic about the future of democracy here...

Inflation, sinking stocks and interest rate hikes. Are those the three big elements needed for a recession? We go In Depth to explain that yes, it's the economy and no you're not stupid for worrying.  The shadowy world of cryptocurrency is feeling the impacts too. Bitcoin and the other cryptocurrencies are sliding which has new investors wondering if they made a big mistake getting sucked into a r...

The January 6th Committee lays out more of its case today, presenting evidence it says shows that former President Trump tried to overturn the 2020 election. His closest campaign advisers, top government officials and even his family were dismantling his false claims of 2020 election fraud. There was even talk of Rudy Giuliani being drunk when advising Mr. Trump to declare victory. We go In Depth...

Inflation is becoming the latest dirty word no one wants to talk about or mention but no one can escape its wrath. The latest numbers show inflation last month at 8.6 percent compared to a year earlier. It's now at a four-decade high. We go In Depth into when inflation might slow down.   Inflation's cousin--shrinkflation is growing. More and more items in the store are getting smaller but not thei...

The special House committee looking into the events before, during and after the January 6th insurrection at the Capitol kicks off a series of hearings. It's laying out a case that it says will show how former President Trump planned with others to overturn the 2020 election results which then led to the insurrection. We go In Depth into whether the American public will be paying attention.  The h...

The primary election is over and now it's onto November. As expected, the LA Mayor's race is now down to two candidates--Rick Caruso and Karen Bass. Caruso got more votes yesterday but Bass wasn't far behind. We go In Depth into what to expect between now and November.  That's not the only race of interest here in the LA area. LA County sheriff Alex Villanueva will be in a runoff.  Many statewide...

Election day is here. It's the California primary. Voters across the state are choosing who they'd like to see on the final ballot in November. We go In Depth into the key races up and down the state that will have a significant impact moving forward.  New data could be a warning about the economy. People aren't saving as much as they did last year.  The cryptocurrency market could be regulated he...

If you've noticed downtown LA is busier than usual, it's because it is. The Summit of the Americas starts today as the U.S. and other countries in North, Central and South America, as well as the Caribbean, get together to discuss big issues like migration, climate change and inflation. President Biden will be here later this week. But Mexico's president won't, nor will the leaders of some other b...

President Biden has given a passionate address to urge Congress to do something, anything, to try to limit gun violence that's plaguing the country. The House is listening and has some measures in the works. This follows the recent mass shootings, including in Uvalde, where 19 kids were killed. We go In Depth into whether we'll actually see some form of gun control on the federal level.  The lates...

Longtime politician versus longtime businessman. Karen Bass and Rick Caruso have separated themselves from the rest of the pack in the race for mayor of LA. It looks like they'll be the final two candidates remaining following Tuesday's primary election. We talked to Bass already last week and now, this time, we're going In Depth with Rick Caruso to find out why he says he should be mayor. Monkeyp...

Johnny Depp and Amber Heard both win but Depp wins a lot more. A jury rules in favor of both Depp and Heard in their defamation trial. But the jurors favor Depp more and award him much more money.  A historic report is now out here in California, detailing the state's role in discrimination against African-Americans. It lays out the problems, what can be done to correct them and sets up the ground...

More water restrictions begin tomorrow in LA. Outdoor watering will be limited to two days a week because of this historic drought facing the state.  President Biden says part of the White House's plans to battle inflation will be to listen to the Federal Reserve.   The school shooting in Uvalde, Texas has led to national gun control. But not here in the U.S.--in Canada. The European Union hits Ru...

Police in Uvalde, Texas admit it was the "wrong decision" not to storm the classroom at Robb Elementary where a mass shooter was killing 19 kids and two teachers. Nearly 20 officers stood in a hallway during the attack for more than 45 minutes. We go In Depth into what went wrong with the police response.  While familes in Uvalde are mourning, the NRA is holding its convention 300 miles away in Ho...

More questions than answers now about the mass shooting in Uvalde, Texas. How long was the shooter inside a classroom full of children? Why was a door to the school unlocked? Where was a school resource officer? Why didn't police rush in immediately? We go In Depth to try to answer these.  We've asked why other countries have figured out how to stop mass shootings. We head to New Zealand where maj...

A country in mourning.  Here we are---again. Another mass shooting shocks an already grieving nation. The latest at an elementary school in Uvalde, Texas west of San Antonio. A shooter storms into a classroom, killing 19 children and two teachers. 17 others are hurt. This happened nearly 10 years after the Sandy Hook shooting left 26 people dead, 20 of them young children.  But it's hardly been a...

Another school shooting. This time in Texas west of San Antonio. A shooter kills 14 students and a teacher at an elementary school. We go In Depth into what, if anything, can be done to keep school and students safe. LA mayor candidate Karen Bass shares her thoughts on the shooting and what can be done to stop this violence. She joins us in-studio to discuss this and how she plans to improve the c...

The littlest of kids are now a step closer to getting a COVID vaccine. Pfizer is submitting data to the FDA that shows three doses of its vaccine are 80 percent effective at stopping symptomatic cases. We go In Depth into when we can expect these shots to go into arms.  Scientists have new ideas on how monkeypox has spread. They say it might have to do with raves.  The first war crimes trial out o...

The bears have come out of hibernation and are hungry, chewing through stocks so much that they briefly fell into a Bear Market earlier today. We go In Depth into what that means for the economy and you.  Maybe we should start to worry somewhat about monkeypox. The World Health Organization has held a meeting about the virus as new cases are being found in Europe. Could it reach pandemic level soo...

If you're tired of all the nonsense on Twitter--so is Twitter. It says it's going to get tougher now on misinformation during a time of crisis. The company say it's going to add warning notices to tweets with misinformation during things like armed conflict, natural disasters and public health emergencies. We go In Depth into whether this will actually work and if it's in response to Elon Musk pos...

Don't look at your 401k or stock portfolios. It's bad, really bad today. The Dow was down more than 1,100 points. Stocks keep falling and falling as inflation keeps rising and rising. We go In Depth into when we might reach the bottom.  COVID just won't quit. Cases are on the rise across the country and right here in southern California. The CDC tomorrow could put LA County into its "medium" trans...

The field is getting smaller for the LA mayor's race and it now appears to be a two-person battle. City Attorney Mike Feuer dropped out today and quickly endorsed Congresswoman Karen Bass. This comes not long after Councilman Joe Buscaino dropped out and endorsed Rick Caruso. We'll go In Depth into who the front-runner is now--Bass or Caruso.  More and more doctors are now coming to the conclusion...

Two more mass shootings rock the country. Police say a man motivated by racial hatred and white supremacy opened fire inside a supermarket in a predominantly Black neighborhood in Buffalo, killing 10 people. Replacement Theory is said to be a major factor in the shooting. We go In Depth into what that is and how extremist groups are spreading this insidious idea.  Police say another man shot up a...

Crypto currencies are collapsing on the markets with up to 300-billion dollars in value wiped out this week. What's behind the meltdown? Is it a 'told you so' moment for the skeptics or just a blip? We go In Depth. Tech start-ups run into economic problems with many laying off workers and cutting costs. Is this a bubble bursting? And Elon Musk casts doubt on his own deal to buy Twitter? What's up...

The state of California is heading for a 'fiscal cliff'. That's the warning from a new report that says we're in big trouble once the federal COVID relief cash runs out in a few years time. And it comes as the Governor boasts of a big budget surplus. So, will the state go bust? What are leaders doing wrong? We'll go In Depth. It's emerged that Edison electrical equipment may have sparked the destr...