Interest rate cut expected from Fed, U.S. markets surge after Trump election win

Interest rate cut expected from Fed, U.S. markets surge after Trump election win – CBS News Watch CBS News Federal Reserve Chair Jerome Powell is expected to announce an interest rate cut of 0.25 percentage points Thursday afternoon. That news comes as U.S. markets soar following the election of Donald Trump. CBS News correspondent Kelly O’Grady has more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

Trump’s win may extend conservative control of the Supreme Court for decades

WASHINGTON —  President-elect Donald Trump’s election victory, combined with the Republican takeover of the Senate, may extend conservative control of the Supreme Court for another two decades. For much of the last four years, progressives focused their energies on proposals to expand the size of the court or impose term limits on the current justices. These ideas to restructure the court depended on Democrats winning sweeping power in both the White House and the Senate. Instead, Republicans will be in charge and positioned to preserve the conservative grip on the high court long after Trump leaves Washington. The two oldest justices are also its most conservative jurists. Clarence Thomas, 76, joined the court 33 years ago and would become the longest-serving justice in the court’s history early in 2028. Justice Samuel A. Alito Jr., appointed in 2006, is 74. If Vice President Kamala Harris had won the election, there was little chance they would have chosen to retire and have their seats filled by a liberal. But conservative analysts think it is quite likely Alito or Thomas or both will retire during Trump’s second term. Ed

Pilot in fatal Catalina crash took off after dark, despite warning. Report sheds light on why

The pilot of a small plane that crashed on Santa Catalina Island, killing five, was warned not to take off in treacherous conditions after dark. Now, a new report sheds light on why he waited until after sunset to depart. The twin-engine Beechcraft 95-B44 airplane crashed about a mile from the Catalina Airport just after 8 p.m. on Oct. 8. A preliminary report from the National Transportation Safety Board reveals that the aircraft had insufficient power and needed to be charged shortly before takeoff. It also says the plane did not have clearance to take off and that the airport manager clearly told the pilot he should not depart after dark. However, it does not identify a precise cause of the crash. Night operations are not permitted at the tiny, single-runway airport because of unsafe conditions — there’s no air traffic controller, no evening attendants and no runway lights. Located atop a 1,602-foot-tall mountain, the airport has a reputation for being a scary place to fly. The Beechcraft plane was owned by Ali Safai, 73, of West Hills, according to the Federal Aviation Authority Record.

Commentary: Democrats keep expecting white women to save them, and they keep getting burned

I’d like to speak to the manager. The election did not go the way I wanted it to go. I’m angry. I demand a redo. Except that’s already Karen’s line, and the election did go her way. A quick refresher on Karen: The name, which became a widespread meme around 2019, has been used to describe a certain type of middle- or upper-middle-class white woman who overexerts her privilege in situations she finds to be unfair. Her angst is often aimed at service workers and people of color. Karen’s viral acts include calling the police on a young Black girl selling water on her block, throwing her grocery basket at Trader Joe’s employees when asked to wear a mask during the pandemic and calling the police on a Black family who dared to barbecue in the park. Karen’s latest act of aggression in service of protecting her own self-interest? Voting for Donald Trump. National exit polls show that 53% of white women voted for an adjudicated rapist whose previous actions in office laid waste to Roe vs. Wade. So much for Democrats tapping into the

L.A.’s audio leak scandal is taking down another Latino political leader

In the secretly recorded conversation that upended his political career, Los Angeles City Councilmember Kevin de León kept returning to a familiar theme: preserving and expanding Latino political power. De León was captured on the recording saying he wanted to make sure his Eastside district “remains Latino” even after he’s gone. He bemoaned the lack of political clout wielded by Latinos in L.A., especially when compared with the Black community. Now, De León is on track to lose his seat, largely because of the scandal over the recording, which featured crude and racist remarks. His defeat, after a single four-year term, would leave Latinos occupying just four of the council’s 15 seats at a time when they make up half the city’s population. Tenant rights attorney Ysabel Jurado was leading De León by double digits on Wednesday, in a district stretching from downtown to Eagle Rock. If that trend holds, she will become the first Filipino American to serve on the council. It would also mean that the 14th District, which takes in heavily Mexican American areas such as Boyle Heights and El Sereno, would

10 lively walking clubs to help you tour L.A. by foot — and make friends while doing it

Walking is considered one of the healthiest ways to exercise, but let’s be honest: Unless you have a dog dragging you to the door or a friend pulling your arm, it’s easy to find reasons to stay on the couch. Especially in a place like L.A., where cars typically take us from point A to point B. L.A. really is a walking city. Explore our ground-level guide to the people and places keeping our sidewalks alive. These 10 walking clubs won’t help you get a dog, but they can give you a compelling reason to get up and out. They’re as much about exercise as they are about socializing and exploring. Here in L.A. there are groups for almost every interest and skill level, and almost all the clubs are free. Some, like the SoCal Stair Climbers, average a brisk 2.5 miles an hour as they explore L.A.’s myriad stair walks. Others, like the Slow Walkers Club, let the slowest participant set the pace, and sometimes help them finish a route. Achilles International Los Angeles provides guides to help people with disabilities get moving, while

New trial ordered for Texas death row inmate due to judge’s antisemitic bias

By Juan Lozano, The Associated Press Updated on: November 7, 2024 / 5:52 AM EST / CBS Texas CBS News Live CBS News Texas Live SAN ANTONIO — A Texas appeals court ordered a new trial Wednesday for a Jewish man on death row — who was part of a gang of prisoners that fatally shot a police officer in 2000 after escaping — because of antisemitic bias by the judge who presided over his case. Lawyers for Randy Halprin have contended that former Judge Vickers Cunningham in Dallas used racial slurs and antisemitic language to refer to him and some of his co-defendants. Halprin, 47, was among the group of inmates known as the ” Texas 7″ who escaped from a South Texas prison in December 2000 and then committed numerous robberies, including the one in which they shot 29-year-old Irving police officer Aubrey Hawkins 11 times, killing him. By a vote of 6-3, the Texas Court of Criminal Appeals ordered that Halprin’s conviction be overturned and that he be given a new trial after concluding that Cunningham was biased against him at the

Mexico is bracing for a new Trump presidency after threats of tariffs, deportations, attacks

MEXICO CITY —  The election of Donald Trump — whose campaign featured incendiary proposals on tariffs, immigration and combating drug trafficking — is sending shock waves through Mexico, a nation with close economic, social and cultural ties to its northern neighbor. The president-elect’s vows to impose steep taxes on goods imported from Mexico — up to 100% or more on vehicles — is viewed as a profound threat in a nation heavily dependent on trade with the United States. “It’s a disaster,” Juan Carlos Moreno-Brid, an economics professor at the National Autonomous University of Mexico, said of Trump’s election. “I mean, it couldn’t be worse.” Mexico’s economy — driven almost exclusively by trade, with more than 80% of exports sent north of the border — is already on the brink of recession after years of sluggish growth, said Moreno-Brid. Donald Trump visits the border wall in Sierra Vista, Ariz., this summer with Paul Perez, president of the National Border Patrol Council. Trump has vowed to deport millions of immigrants in the U.S. illegally, many of them Mexican nationals. (Evan Vucci / Associated Press) The peso slumped

Plea deals revived for alleged 9/11 mastermind, 2 others, official says

Updated on: November 6, 2024 / 11:31 PM EST / AP Judge blocks order to void plea deals for alleged mastermind of 9/11 attacks Judge blocks order to void plea deals for alleged mastermind of 9/11 attacks 00:34 WASHINGTON — A military judge has ruled that plea agreements struck by alleged Sept. 11 mastermind Khalid Sheikh Mohammed and two co-defendants are valid, voiding an order by Defense Secretary Lloyd Austin to throw out the deals , a government official said Wednesday. The official spoke on condition of anonymity because the order by the judge, Air Force Col. Matthew McCall, has not yet been posted publicly or officially announced. The plea agreements would spare Mohammed and the others the risk of the death penalty in exchange for guilty pleas in the long-running 9/11 case. Government prosecutors had negotiated the deals with defense attorneys under government auspices, and the top official for the military commission at Guantanamo Bay, Cuba, had approved them. Outcry over plea deal for 9/11 defendants The plea deals in the Sept. 11, 2001, al-Qaida attacks that killed nearly 3,000 people spurred immediate political

Dangerous Santa Ana to Continue Battering Southland Thursday

Much of Los Angeles County will again be facing red flag critical fire conditions Thursday as a powerful and “particularly dangerous” Santa Ana wind event continues to combine with low humidity to raise the risk of wildfires. Winds battered much of the region Wednesday, with the National Weather Service reporting peak gusts in the mountains reaching 75 to 85 mph, and 45-65 mph at lower elevations. The wind speeds tapered off as evening fell Wednesday, although gusts still reached up to 60 mph in the mountains. “Another offshore push” was expected to begin Thursday morning, forecasters said. “With less upper support aloft the winds are not expected to be quite as strong as (Wednesday) morning but still expecting gusts to 60+ in the mountains and below some of the favored canyons and passes in LA/Ventura counties,” according to the NWS. “High wind warnings are in effect through Thursday afternoon across much of LA/Ventura counties.” The winds were expected to ease later Thursday, “with more typical weather conditions” on Friday and Saturday, along with high temperatures in the 70s to low 80s. Until then, however, much

Man Pleads Not Guilty in Deadly Wrong-Way Crash During Police Pursuit

A Montclair man pleaded not guilty Wednesday to murder and other charges for allegedly leading police on a chase that ended in a wrong-way rollover crash on the San Bernardino (10) Freeway in Pomona that left two men dead. Erick Daniel Bolanos, now 31, was charged Oct. 7 with two counts of murder and one count each of fleeing a pursuing peace officer’s vehicle causing serious bodily injury and carrying a concealed weapon in a vehicle, according to the Los Angeles County District Attorney’s Office. The charges include allegations that the defendant inflicted great bodily injury and that the firearm was loaded but not registered to him and that unexpended ammunition was in the immediate possession of the defendant, according to the District Attorney’s Office. Officers from the Pomona Police Department were pursuing a black BMW X6 on the westbound freeway at about 4:45 p.m. Oct. 4 when the driver began going the wrong way near Kellogg Drive, lost control and crashed into a dirt berm, CHP Officer Sergio Garcia told City News Service. The BMW rolled several times onto the transition road from the

Paul George is unhappy about being booed in his return to L.A. as Clippers defeat the 76ers

Paul George got the basketball on the wing and those same Clippers fans that cheered and adored him during the five years when he was one of their own … booed him. The boos from the sparse crowd at the Intuit Dome rained down on George all game because he now was a Philadelphia 76er. The fans even booed George when the Clippers showed a tribute video on the Halo Board of his highlights while with L.A. during a timeout in the first quarter. George had shunned the Clippers’ final offer of three years and $150 million and instead took a four-year deal from the 76ers for $212 million. George had wanted a no-trade clause as part of his deal with the Clippers, but they were unwilling to do that. He was back in town for the first time Wednesday night since departing and the fans let him know how they felt about him leaving a team they had hoped he (and Kawhi Leonard) would help lead to an NBA title. Before the game, George slapped hands with his former teammates sitting on the bench

CEO of nonprofit Queer Works in Southern California charged in theft of $940K

The CEO of Queer Works, a Palm Springs-based nonprofit, has been charged in a fraud scheme involving the theft of more than $940,000 in public funds, officials announced. A Riverside County grand jury indicted Jacob Joseph Aaron Rostovsky, 33, with 53 felony counts including fraudulent claims, grand theft, misappropriation of public funds, insurance fraud, perjury and money laundering. The district attorney’s office announced that this indictment includes “an aggravated white-collar crime enhancement due to the significant economic loss of the scheme.”  According to the Queer Works website, the nonprofit was created to provide accessible mental health services and “promote health equity within the transgender and gender non-binary (TGI) community.” The website also says the nonprofit was originally founded by Rostovsky in 2018. The DA’s office says that in July of 2021, Queer Works received grant funding from Riverside County for programs aimed at assisting homeless individuals and victims of domestic violence. In 2022, the DA’s office says the nonprofit received $200,000 from the city of Palm Springs to develop a universal basic income pilot program, and then an additional $500,000 in matching funds for a

A close race for Grover Beach Mayor

The race for Grover Beach mayor is a close one. Ballots are still being counted, and as the vote stands now, two candidates are neck and neck for that position. KSBY checked in with both of the leading candidates, as they wait for results. “I’m thrilled, because the people of Grover Beach have had a say,” said Debbie Peterson. “I’m really positive about the outcome and I’m excited to see how it turns out,” said Kassi Dee. Debbie Peterson and Kassi Dee are the two lead candidates in the still undecided race for Grover Beach Mayor. Both candidates say they are feeling optimistic and are looking forward to finding out the final decision the community of Grover Beach came to. Dee has this message for voters as they wait. “I want to see community back in our local government,” said Dee, “I want people to feel comfortable when they come to council meetings and I want to see our council be very visible to the community, and I’m ready to do that. We need our community back together so I’m hoping to be listening and

C-17 aircraft lands for the first time at Camp Roberts

Wednesday afternoon marked a historic event at Camp Roberts as the first C-17 landed on their dirt airfield. Shortly after Camp Roberts opened in 1941, an airfield was built on-site. Due to a lack of funding, that airfield wasnt ever used to its full potential. Colonel Brian Keels with the U.S. Army National Guard explained why being able to land a larger aircraft is a milestone event for the base. Being able to land a C-17 here – its a heavy-lift aircraft. So it allows us to bring in supplies and troops as well as get them in and out for state and local emergencies, said Col. Keels. Before now, only smaller aircraft like helicopters and C-130s landed on base. Wednesdays landing means Camp Roberts now can bring in larger aircraft and better prepare for elements they will face during active duty. This LZ – landing zone has been here for many years. We have used it primarily for C-130 aircraft, which is about 1/3 of the size of the aircraft that just landed here, the C-17, said Director of Operations for the California Air

5 charged after 2-year-old, several dogs found caged in home: police

Five people are now facing charges after a 2-year-old boy and several dogs were found in cages in a northern Kentucky home earlier this week, KTLA’s sister station WDKY reported. Police in Carrollton, located on the Kentucky-Indiana border about 52 miles northeast of Louisville, said they received a tip about a child being held in a caged area on Monday. At the scene, authorities said a 2-year-old boy was found without clothes and locked in a wooden and metal cage that was secured with a padlock. Upon further investigation, officers found eight to 10 dogs in poor health in the home, with several of them in cages, according to local outlet WDRB. Feds bust Southern California man, 43, with machine guns, child pornography An arrest citation showed that the floor inside the caged area was covered in urine and feces. Authorities confirmed the child was safely removed from the home. Another child was also reportedly found in the home. Charges of first-degree criminal abuse and first-degree wanton endangerment were filed against Brenda Chilton, 71; William Mahoney, 72; Codey Johnson, 29 of Carrollton; and Tammy Simmons

JJ Redick unhappy with Lakers effort in loss to Memphis

MEMPHIS, Tenn. —  LeBron James glared at the Lakers bench, another chance squandered, another run from the Grizzlies delivered. There wasn’t much else he could do Wednesday night on the final game of the Lakers’ first road trip. He’d attacked mismatches. He’d swished home triples. He fought like hell with Memphis’ giant front line. His team was short-handed. Anthony Davis’ heel contusion, an injury he suffered Monday in Detroit, kept him out of action. An illness did the same to Rui Hachimura. Unlike the losses in Cleveland and Detroit that ensured this trip would be a clunker, this wasn’t about fight. The Lakers had shown up for that. But as his team saw a two-point deficit turn to a 11-point deficit after Memphis his three straight threes, James looked at the bench. It wasn’t anger. It was exasperation. The Lakers were going to eventually lose 131-114, and he couldn’t stop it. James was terrific — he scored 39 points, made six threes and played with force. His team did too. They just couldn’t make any shots. And they didn’t do enough of the other things that

Feds bust Southern California man, 43, with machine guns, child pornography

A 43-year-old Orange County man is facing the possibility of 70 years in federal prison after reportedly being found in possession of machine guns and nearly 1,000 images of child sexual abuse material (CSAM), officials announced Wednesday.   In a news release, prosecutors with the United States Attorney’s Office said Santa Ana resident Arhit Tanjapatkul caught the attention of investigators in March 2023 when he sold a government regulated, military-grade laser, which had initially been stolen by a military officer, to a buyer.   Months later, in Oct. 2023, during a search of the 43-year-old’s home, law enforcement located and seized dozens of firearms along with four machine guns.   “During the same search, agents recovered a cellphone that contained text messages where Tanjapatkul discussed automatic weapons,” the release noted. “Law enforcement also found a hard drive that contained CSAM.”   In July 2024, investigators searched a storage unit in Santa Ana rented by the 43-year-old.   There, authorities recovered additional evidence that he was in possession of machine guns as well as 10 disks containing 79 videos and 831 images of child pornography.  

2 Jewish DePaul students punched while showing support for Israel

By Adam Harrington, Hector Carrion Updated on: November 6, 2024 / 11:44 PM EST / CBS Chicago 2 Jewish students attacked at DePaul University 2 Jewish students attacked at DePaul University 00:23 CHICAGO (CBS) — Two Jewish students were physically attacked at DePaul University Wednesday afternoon, the university said. DePaul University President Robert L. Manuel said in a letter to the community that the attack occurred around 3:20 p.m. Wednesday in front of the Student Center on the Lincoln Park Campus, at 2250 N. Sheffield Ave. Masked attackers punched the students as they “visibly” showed support for Israel, Manuel wrote. The students suffered physical injuries, but declined medical treatment, Manuel wrote. “We are outraged that this occurred on our campus. It is completely unacceptable and a violation of DePaul’s values to uphold and care for the dignity of every individual,” Manuel wrote. “The university is actively working with the Chicago Police Department to investigate this incident so that they can determine whether to classify it as a hate crime that targeted our students because of their Jewish identity. We will do all we can to

Bond Measures Leading in Multiple Riverside County School Districts

With the exception of one locality, majorities of voters in school districts scattered throughout Riverside County Wednesday appeared solidly behind bond measures for school infrastructure upgrades and improvements totaling $1.12 billion, which would translate to higher property tax rates while the bonds are paid off. The vote tally published by the Office of the Registrar of Voters late Wednesday afternoon showed nearly two-thirds’ support for Measure O in Banning, which seeks a $74 million bond sale for the benefit of the Banning Unified School District. The cumulative debt service, or payoff, period would run 30 years and translate to a total $135 million in principal and interest before all the obligations are satisfied, according to campaign literature. The amortization would require, at minimum, an additional $51 per $100,000 of assessed valuations for single-family homes, condominiums, businesses and other properties, according to literature. Supporters said the funds are needed for modernization of the district’s communications network, seismic reinforcements, new dining facilities at all grade levels, landscaping and irrigation improvements. The proposal requires 55% voter approval. In the Beaumont Unified School District, Measure E appeared headed for

Nguyen Wins Race For Andrew Do’s Orange County Board of Supervisors Seat

Sen. Janet Nguyen will be returning to the Orange County Board of Supervisors after defeating Cypress City Councilwoman Frances Marquez in the race to succeed Andrew Do, according to figures released Wednesday by the Orange County Registrar of Voters. Nguyen led 62.81%-37.19% as of early Wednesday evening, with additional ballots remaining to be counted. Do was Nguyen’s chief of staff when she served on the Board of Supervisors, before he was elected to the Garden Grove City Council, then won a special election for Orange County supervisor when Nguyen became a state lawmaker. The nonpartisan Board of Supervisors currently includes three Democrats: Katrina Foley, Vicente Sarmiento and Doug Chaffee. If Marquez had won the race for Do’s former seat, Chairman Don Wagner would have been the only Republican remaining. Wagner was reelected in the March primary. Do was already set to be termed out of office at the end of the year, but he agreed to resign last week as part of a plea deal with federal and local prosecutors over an investigation into county COVID-19 relief funds awarded to a nonprofit organization that employed