i'm steve lai.n the us, the latest minutes from the federal reserve showed that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation risks on the horizon as donald trump returns to the white house. of the minutes from the fed meeting in the summer show officials have adopted a new stance when it comes to interest rate cuts amid upside i'm steve lai. in the us, the latest minutes from the federal reserve showed �*to that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation cuts this year. they cited rising ii as tion cuts this year. they cited rising ii as donald trump returns horizon as donald trump returns to the white house. of the minutes from the fed meeting in the summer show officials have adopted a new stance when it comes to interest rate cuts amid upside risks to inflation. policymakers are in no hurry to cut rates and would like to see more evidence that price increases are coming down. the minutes,

hello, i'm steve lai. officials in south korea are trying to arrest the president of his attempt to impose martial law. investigators that were left with no choice but to an arrest after yoon l to comply with multiple requests for questioning. the rest is proving difficult. this is the scene outside of the presidential residence. you can see lots of police personnel and vehicles as well lining the streets keeping a close eye on the situation and are poured say 120 officers and 30 officials are attempting to make the arrest and are at the door of the residence trying to get in. the securities him making it difficult. officials already have gone past a military unit protecting the president and hundreds of supporters gathered outside his residence. our correspondent gave us this update from outside the residence. this started before we even woke up this morning. by the time we woke up there was a huge police presence in the capital and they cordoned off the roads leading to president yoon�*s address. there w

i'm steve lai.fficials in los angeles of warning that they expect the number of people killed in a series of devastating wildfires to rise as emergency crews struggle to contain powerful blazes. at least seven people are confirmed to have died as flames fanned by strong winds tore through homes and businesses. the body of one man was found outside his levelled house, a garden hose still in his hand. about 180,000 people have been ordered to leave their homes. and the strong winds that are fanning the fire are set to continue overnight. you can see the smoke above those homes. many neighbourhoods have been left unrecognisable. residents have described the firestorm as "apocalyptic". there are still 5 major fires alight around the city. authorities say the two largest are completely uncontained. one is the palisades fire, which was the first to erupt on tuesday. emergency services have finally started to make a dent in the fire. in the last hour they have said the pasadena fire is now 6% contained. ——

i'm steve lai. we start in the us, where firefighters with it, in terms of the scale and scope. governor newsom also signed an executive order on sunday which suspends some environmental laws, aimed at helping los angeles rebuild faster. much of the focus would be on constructing buildings that can withstand future threats. kate cotter is the founder and ceo of the resilient building council in australia — a country that frequently experiences wildfires. she said the damage in los angeles was "eye—watering". la fires are absolutely catastrophic. we haven't seen single fire events in australia, you know, more than a few thousand building losses. so seeing that go over the 10,000 building amount is just eye watering, it is so devastating. so, what we find is similar is that fires burn homes down in the same way, they need the same things, fuel and wind and steep terrain, and both countries have got those things that make them fire prone. what is, i guess, different is that la has got which suspends some environmental laws, much of the focus would be on constructing buildings that

i'm steve lai.efighters in los angeles are tackling new fires that have flared up in angeles national forest, located just above nasa's jet propulsion lab. the area is popularfor hiking near millard waterfall. a crew at the scene reports the area is now "dry as a bone". some progress has been made as firefighters continue to battle multiple fires across the city, but the la county fire chief says that the threat of more blazes is still �*very high�*. the death toll has now risen — 2a people have been killed. at least 20 people have been arrested for looting, including two who allegedly posed as firefighters. earlier today, governor gavin newsom said that 1a,000 people are actively working against the fires in what he says could be the worst natural disaster to hit the country. so far, firefighters have managed to contain the kenneth fire from spreading. the largest fire in the palisades is contained by only 11% and is still spreading east, threatening the suburb of brentwood where vice president kam

i'm steve lai. we start in seoul, where the suspended south korean president, yoon suk yeol, has finally been arrested over his short—lived martial law declaration in december. there have been angry scenes and clashes outside the presidential residence where there have been angry scenes and clashes throughout the morning. investigators forced entry into the president's home to arrest him early on wednesday morning. it was their second attempt to arrest him after being prevented by president yoon�*s security staff. in the last hour, president yoon himself has released a video message. in it, he said: i'm joined now by our reporter rachel lee who is there for us outside the presidential residence. hopefully you can hear me this time around. get us up to speed with later now that president yoon been arrested. figs with later now that president yoon been arrested.- with later now that president yoon been arrested. as you can see here. _ yoon been arrested. as you can see here. the — yoon been arrested. a

i'm steve lai.e start in the us where firefighters in los angeles are making progress in battling wildfires across the city. one smaller fire was contained on sunday, but two of the largest blazes are still raging. 2a people have died according to officials. there are fears of more devastation to come as strong winds are forecast for the coming days, raising the threat that the fires could spread. private forecaster accuw eather estimates that the disaster —— accuweather estimates that the disaster will result in losses exceeding $250 billion. california's governor gavin newsom said in an interview with nbc news that this could be the costliest disaster in us history. is or will it be the worst natural disaster in the history of the united states? i think it will be in terms ofjust the costs associated with it, in terms of the scale and scope. governor newsom also signed an executive order on sunday which suspends some environmental laws, aimed at helping los angeles rebuild faster. much of the focu

i'm steve lai. to the tech world, where consumer electronics show 2025 kicked off in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces this year. we did see the rtx 50 series debut. they are much more powerful but we see better and better chips every year at ces. what was really imprtessive to me was that the prices are going down. jensen huang just announced that you're going to be able to get an ai pc starting at $1300. there are about 200 million pcs shipped every year. this is the next phase of growth for them. the price point is correct so i think there's correctly a lot of enthusiasm by the investor community and the tech community in nvidia right now. nvidia has been showing great strength over the last year or so as ai has gathered pace and that shows no sign of slowing down? it doesn't but companies like openai are losing billions of dollars a year and so how to monetise ai will creep into the narrative. if the hyperscale data centre companies cannot make money on it, they will not be buying these chips. that

i'm steve lai. the us supreme court is set to hear arguments on friday on an impending law that would force the chinese company bytedance, to sell social media platform tiktok to an american company, or be banned in the us. the bbc�*s north america technology correspondent has more on how this could unfold. congress passed that law in april on national security grounds. lawmakers expressed concerns that tiktok�*s chinese ownership, bytedance, means that the data of millions of americans could be compromised, and that they are also prone to manipulation by china's communist party. tiktok has consistently denied those allegations. they have expressed confidence that they will get the outcome that they seek from the supreme court. president—elect donald trump, meanwhile, has weighed in, despite once trying to ban the app himself. he has now filed a brief in this case asking the supreme court to temporarily block the law so that he can try to save it. tiktok has repeatedly denied any potential influence

i'm steve lai. latest minutes from the federal reserve showed that officials were eager to slow the pace of interest rate cuts this year. they cited rising inflation risks on the horizon as donald trump returns to the white house. our north america business correspondent ritika gupta has all the details. the minutes from the fed meeting in december show officials have adopted a new stance when it comes to interest rate cuts amid upside risks to inflation. policymakers are in no hurry to cut rates and would like to see more evidence that price increases are settling down. fed officials also expressing concern about the impact president elect donald trump's policies could have on efforts to reduce inflation. without calling out trump by name, the meeting summary featured at least four mentions about the effect that changes in immigration and trade policy could have on the us economy. in december, us central bank has cut their benchmark lending rate to a range of 4.25% to 4.5% for the third time in a r

i'm steve lai.oss los angeles have reopened after almost a week of wildfires. but the city is bracing for further flames with forecasters warning that strong winds are set to return. the strongest winds are expected to be on tuesday in ventura county, north of la. while they're not not expected to match last week's intensity, wind gusts could reach 70mph, about the force of a categoryi hurricane. three major fires are still burning. the palisades fire has burned more than 23,000 acres and is now 14% contained. the eaton fire remains the second largest. there have been great stories of people helping each other

i'm steve lai. before we get to our top stories, we begin in south korea where investigators have arrested impeached president yoon suk—yeol. he is the country's first ever first sitting president to be arrested. he was detained after an hours—long stand—off the police had attempted to arrest him earlier this month, but failed to do so following a stand—off with the presidential security service. so far there hasn't been a major impact on korean marketsjust yet, with the benchmark kospi index currently trading 0.3% higher. to the united states now, where social media giant meta has said it will cut its workforce by 5%. plans by the owner of facebook and instagram to lay off workers come on the same day that another of america's tech giants, microsoft, said it would pause hiring in a major unit in america. michelle fleury reports from new york. in a memo to staff, mark zuckerberg said 2025 will be an intense year for the company as it works on building what he described as some of the most important

hello, i'm steve lai. thank you forjoining us.st president yoon suk yeol over his attempt to impose martial law last month. investigators say they were left with no choice but to attempt to arrest an arrest, after president yoon failed to reply to multiple requests for questioning. the arrest itself is proving difficult. this is the live scene outside the president's official residence, with a stand—off. hundreds of his supporters have gathered outside, chanting, "stop the steal." mr yoon has been charged with insurrection and abuse of office, but says he will fight to the end. he is the first sitting korean president to face arrest. yoon�*s legal team were seen entering the compound of yoon�*s residence within the past hour. his lawyers have called the arrest unlawful and said they would take legal action

i'm steve lai. country's history, a sitting president has been arrested. president yoon suk yeol was taken in by investigators this morning after a failed attempt earlier this month. he's being questioned for his short—lived martial law declaration in december. you're looking at live pictures outside president yoon�*s residence where crowds seem to have dwindled since the arrest. you dwindled since the arrest. can still see many flags they're you can still see many flags they're still waving. —— flags there. earlier, that was where investigators forced entry with 1,000 police officers reportedly deployed to assist.

i'm steve lai. to the tech world, where consumer electronics show 2025 kicks off today in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech? hausmann is the rtx 5000 series, new family of chips that use technology to create images that look like something out of a movie. the other thing that stood out was that he was almost making a pitch for al at the top of the keynote. as much hype and excitement as there is around ai, there is still this need to explain the case. what else is getting _ need to explain the case. what else is getting buzz _ need to explain the case. what else is getting buzz at - need to explain the case. what else is getting buzz at ces? - need to explain the case. what else is getting buzz at ces? a i else is getting buzz at ces? little bit of something for everybody here. choose your poison. health, age

welcome to newsday, i'm steve lai.rease in high winds overnight. authorities say they are prepared for the change in weather, which will put the whole of la county under fire threat. so far, 2a people have been killed and several others are missing. tens of thousands of people have been forced to leave their homes and officials say they will not be able to return for at least four days. these wildfires are on track to be among the costliest in us history.

i'm steve lai. let's begin in north america, where the mexican government has launched a plan to shrink its trade deficit with china, which stood at $10 billion in 2023. it comes weeks after the country rolled out tariffs appearing to target popular chinese online retailers shein and temu. in a speech on monday, mexico's president claudia sheinbaum said the country aims to boost the local production of textiles and cars. she added that a trade agreement among the united states, mexico and canada is "the only "way we can compete with asian countries, "in particular with china". translation: i also highlight the respectful _ translation: i also highlight the respectful and _ the respectful and collaboration relationship between donald trump's first term with president obrador, particularly the signing of the trade agreement between mexico, the united states and canada, which has greatly benefited our peoples. the mexican leader's comments are seen as a nod to us president—elect donald trump, who will

hello, i'm steve lai.f his attempt to impose martial law. investigators that were left with no choice but to an arrest after yoon l to comply with multiple requests for questioning. the rest is proving difficult. this is the scene outside of the presidential residence. you can see lots of police personnel and vehicles as well lining the streets keeping a close eye on the situation and are poured

welcome to newsday, i'm steve lai.

i'm steve lai.et's begin in south korea where investigations have —— arrested the impeached president yoon suk yeol. the first sitting president to be arrested and he is at the anticorruption agency office. police tried to rest some earlier this month. so far there has not been a major impact on korean marketsjust yet the benchmark kospi trading at 0.3% higher. more on that story later on newsday, in the united states. social media giant meta has said it will cut its workforce by 5%. plans to lay off workers at the owner of facebook and instagram come on the same day that another of america's tech giants, microsoft, said it would pause hiring in a major unit in america. michelle fleury reports from new york. ina memo in a memo to staff mark zuckerberg said 2025 will be an intense year for the company as it works on building what he described as some of the most important technologies in the world. mr important technologies in the world. ~ , ., important technologies in the world. , ., ., world. mr z

welcome to newsday, i'm steve lai. nasa's jet propulsion lab. the area is popularfor hiking near millard waterfall. a crew at the scene reports the area is now "dry as a bone". some progress has been made as firefighters continue to battle multiple fires across the city — but the la county fire chief says that the threat of more blazes is still very high. the death toll has now risen to 24. meanwhile, at least 20 people have been arrested for looting,

i'm steve lai.his short—lived martial law declaration in december. there have been angry scenes and clashes outside the presidential residence where there have been angry scenes and clashes throughout the morning. investigators forced entry into the president's home to arrest him early on wednesday morning. it was their second attempt to arrest him after being prevented by president yoon�*s security staff. in the last hour, president yoon himself has released a video message. in it, he said:

welcome to newsday, i'm steve lai. the us secretary of state, antony blinken, is in south korea, as the country deals with its ongoing political crisis. mr blinken is due to hold talks with acting president choi sang—mok shortly. but it's unclear who is really in charge. on friday, investigators tried and failed to arrest the impeached president, yoon suk yeol, with his bodyguards preventing the officers from making the arrest. on sunday, they said they'd stop any further attempts to detain mr yoon. and in the last few hours, south korea's anti—corruption agency requested an extension to their arrest warrant, and sent a notice to police that it is handing over the execution of the arrest to them. meanwhile, mass protests both for and against the president have been taking place in seoul. thousands on each side have taken to the streets over the weekend as the country falls deeper into political divide. i'm joined now by kim joon—hyung, an opposition mp from the rebuilding korea party. get us up to speed about what you

welcome to newsday, i'm steve lai. nearly all public schools across los angeles have reopened after almost a week of wildfires. but the city is bracing for further flames with forecasters warning that strong winds are set to return. the strongest winds are expected to be on tuesday in ventura county, north of la. while they're not not expected to match last week's intensity, wind gusts could reach 70 miles per hour, about the force of a categoryi hurricane. three major fires are still burning. the palisades fire has burned more than 23,000 acres and is now 14% contained. the eaton fire remains the second largest. there have been stories of people helping each other through the difficult fires, but also scenes of those taking advantage of those already struggling. the la county district attorney has charged several people with looting saying those charged were "seeking to exploit this tragedy for their own benefit." 0ur correspondent emma vardy reports. the debris still smoulders. thousands of acres of damage still unto

welcome to newsday, i'm steve lai. its ongoing political crisis. mr blinken is due to hold talks with acting president choi sang—mok shortly. but it's unclear who is really in charge. on friday, investigators tried and failed to arrest the impeached president, yoon suk yeol, with his bodyguards preventing the officers from making the arrest. on sunday, they said they'd stop any further attempts to detain mr yoon. and in the last few hours, south korea's anti—corruption agency requested an extension to their arrest warrant, and sent a notice to police that it is handing over the execution of the arrest to them. meanwhile, mass protests both for and against the president have been taking place in seoul. thousands on each side have taken to the streets over the weekend as the country falls deeper into political divide. i'm joined now by kim joon—hyung, an opposition mp from the rebuilding korea party.

i'm steve lai. we start in south korea where for the first time in the country's history, a sitting president has been arrested. president yoon suk yeol was taken in by investigators this morning after a failed attempt earlier this month. he's being questioned for his short—lived martial law declaration in december. you're looking at live pictures outside president yoon�*s residence where crowds seem to have dwindled since the arrest. you dwindled since the arrest. can still see many flags they're you can still see many flags they're still waving. —— flags there. earlier, that was where investigators forced entry with 1,000 police officers reportedly deployed to assist. the last time an attempt was made to arrest him, it was blocked by his security guards after a stand—off that lasted hours. shortly after his arrest, we heard from president yoon himself in a pre—recorded message. is that his decision to submit himself questioning was to avoid any violence after witnessing thousands of lives of other

welcome to newsday, i'm steve lai.ing president choi sang—mok shortly. but it's unclear who is really in charge. these are live images of people protesting in seoul. thousands in favour and against the president protested and weekend as the country falls heavily into a political divide. on friday, investigators tried and failed to arrest the impeached president, yoon suk yeol, with his bodyguards preventing the officers from making the arrest. on sunday, they said they'd stop any further attempts to detain mr yoon. and in the last few hours, south korea's anti—corruption agency requested an extension to their arrest warrant, and sent a notice to police that it is handing over the execution of the arrest to them. kim joon—hyung is an opposition mp from the rebuilding korea

hello, i'm steve lai.

welcome to newsday, i'm steve lai.her flames with forecasters warning that strong winds are set to return. the strongest winds are expected to be on tuesday in ventura county, north of la. while they're not not expected to match last week's intensity, wind gusts could reach 70 miles per hour, about the force of a category1 hurricane. three major fires are still burning.

hello, i'm steve lai.ore than 6,000 buildings have been destroyed in the worse fires in the history of los angeles. five people are confirmed to have died but officials expect that number to rise. emergency crews are struggling to contain a number of powerful blazes. the body of one man was found outside his levelled home, a garden hose in his hand. about 180,000 people have been ordered to flee their homes. so strong went set to continue overnight. —— wins. many neighbourhoods have been left unrecognisable. residents have described the firestorm as "apocalyptic". there are still 5 fires alight around the city — 2 completely uncontained. one is the palisades fire, which was the first to erupt on tuesday. it spread rapidly to become one of the most destructive in the history of los angeles — burning 17,000 acres. the second largest spread to 14,000 the second largest spread to 111,000 acres. more than 10,000 homes have been destroyed. authorities say they are hopeful the tide is turning with one of the fibr

welcome to newsday, i'm steve lai.e begin in los angeles, where fires continue to rage with attention turning to forecast warnings of an increase in high winds overnight. authorities say they are prepared for the change in weather, which will put the whole of la county under fire threat. so far, 2a people have been killed and several others are missing. tens of thousands of people have been forced to leave their homes and officials say they will not be able to return for at least four days. these wildfires are on track to be among the costliest in us history. accuweather has increased its preliminary estimate of financial losses from the blazes to between $250—275 billion. reiterating those sentiments, california governor gavin newsom said that 1a,000 people are actively working against the fires in what he says could be the worst natural disaster to hit the country. here's emma vardy with the latest from los angeles. the race to stay ahead of the deadly fires enters a sixth day. helicopters fly just above the smoke, b

i'm steve lai.oday in las vegas. nvidia ceo jensen huang is delivering his keynote address probably the most important address at ces ces this year. let's bring in our technology correspondent lily jamali for more. what stood out from huang's speech?

welcome to newsday, i'm steve lai.ed up in angeles national forest, located just above nasa's jet propulsion lab. the area is popularfor hiking near millard waterfall. a crew at the scene reports the area is now "dry as a bone". some progress has been made as firefighters continue to battle multiple fires across the city, but the la county fire chief says that the threat of more

i'm steve lai.al crisis that started in december. on friday, police attempted to arrest suspended president yoon suk yeol on charges of inciting an insurrection. but presidential security forces intervened, preventing the arrest, while hundreds of his supporters gathered outside his compound. us secretary of state antony blinken is currently in south korea and will hold talks in the coming hours. the tense political situation has now stretched on for over a month, and economist krystal tan took me through the effects its having on the economy. the political turmoil is exacerbating economic headwinds in south korea. recent data ahead of the turmoil was showing signs of weakening, when you look at manufacturing, construction, services activity, had slowed in november and if we look at more high—frequency indicators since the political turmoil started in december, it looks like we will get further weakness in domestic demand. consumer and business sentiment have been shaken, now at levels not seen sinc

i'm steve lai.an impending law that would force the chinese company bytedance, to sell social media platform tiktok to an american company, or be banned in the us. the bbc�*s north america technology correspondent has more on how this could unfold. congress passed that law in april on national security grounds. lawmakers expressed concerns that tiktok�*s chinese ownership, bytedance, means that the data of millions of americans could be compromised, and that they are also prone to manipulation by china's communist party.

i'm steve lai. is currently in south korea and has been holding talks with foreign minister cho tae—yul. blinken reiterated his trust in the resilience of south korea's democracy and the leadership of acting president choi sang—mok. all this comes after police attempted to arrest suspended president yoon suk yeol on charges of inciting an insurrection last friday. but presidential security forces intervened, preventing the arrest, while hundreds of his supporters gathered outside his compound. economist krystal tan took me through the effects this tense political situation is having on the economy. the political turmoil is exacerbating economic headwinds in south korea. economic activity ahead of the turmoil was already showing signs of weakening. you know when you look at manufacturing, construction, services activity had slowed in november. if we looks like we will get further weakness in domestic demand. consumer and business sentiment have been shaken, now at levels not seen since the pandemic.

i'm steve lai. to the tech world, where consumer electronics show 2025 kicked off in las vegas.ortant address at ces this year.

i'm steve lai.e deficit with china, which stood at $105 billion in 2023. it comes weeks after the country rolled out tariffs appearing to target popular chinese online retailers shein and temu. in a speech on monday, mexico's president claudia sheinbaum said the country aims to boost the local production of textiles and cars. she added that a trade agreement among the united states, mexico and canada is quote, "the only way we can compete with asian countries, in particular with china". translation: i also highlight the respectful _ translation: i also highlight the respectful and _ the respectful and collaborative relationship during the first term of donald trump with the then mexican president

welcome to newsday, i'm steve lai. and clashes thorughout the morning. investigators forced entry into his residence to arrest him early on wednesday morning. it was their second attempt to arrest him after being thwarted by president yoon's security staff. in the last few minutes, president yoon himself has released a video message saying he has agreed to

steve. trump also laying the groundwork here to blame president biden for any potential shortcomings in hisinistration. what's he saying? >> well, coming out of the election, there was actually some moments of of cordial ness between trump and biden, and the transition seemed to be going smoothly. but in the past 48 hours, we have seen donald trump increasingly lash out against biden for some of his recent moves, posting on truth, social criticism of the ongoing questions around jack smith's work as special counsel. also, some of the moves by biden to block offshore drilling off the coast of in the pacific and the atlantic, and then saying this yesterday during a radio appearance on hugh hewitt show. >> they'll do everything they can to make it as difficult as possible. you know, they talk about a transition. they're always saying, oh, no, we want to have a smooth transition from party to party from, you know, of government. well, they're making it really difficult. they're throwing everything they can in the way. >> now, i should point out that donald trump's incoming chief of staff, sioux

. >> bill: colleagues fox news contributor steve hilton lives in california and today lay out a plan before i ask you specifically about that, the governor gavin newsom was asked about the response and said this. >> governor of the largest state in the country and what happens in l.a. isn't always going to come across your desk but you are ultimately responsible as the governor of california. >> i want to know the answers i have that question. i can't tell what happened. my own team is saying what happened. i want to get the answers. i want to get straight answers. >> bill: steve, give us some answers. how did everything go so terribly wrong? >> bill, you heard another example of the vacuum of leadership in california and los angeles. people are fearful and the level of rage is something i've never seen before. in putting together the plan i'll lay out later this morning i have been speaking to a lot of people what went wrong. so many questions are emerging. let's just take that massive issue of running out of water. people are saying how could that happen? i've been talking to sourc