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We get the latest from Los Angeles, where devastating wildfires remain out of control.
It's almost like an arc kind of going around the north of Los Angeles.
There's just one fire after another after another and it's very scary.
And the conditions are from the fire's perspective, they're optimal.
From the human condition, they're terrible.
Plus, a tentative labor deal to avert strikes at some of America's largest, largest ports.
And Blackstone makes its Latest bet on AI it's Thursday, January 9th.
I'm Luke Vargas for the Wall Street Journal, and here is the AM edition of what's news, the top headlines and business stories moving your world today.
Firefighters around Los Angeles are continuing to battle a series of wildfires that in the span of just two days have burned almost 30,000 acres and damaged or destroyed more than 2,000 building buildings.
At least five people have died, more than 200,000 have lost power.
And the two largest blazes in Pacific Palisades and north of Pasadena, remain 0% contained as of early this morning.
Complicating matters are wind gusts that Pasadena Fire Chief Chad Augustine said are reaching 70 miles an hour, causing embers to soar two to three miles ahead of the fire.
And LA Mayor Karen Bass said firefighters need conditions to improve.
Hurricane force winds are usually accompanied by rainstorms, but these are hurricane force winds that are combined with extremely dry drought conditions.
And with more, I'm joined by Wall Street Journal editor Ben Fritz in Los Angeles.
Ben, thanks for the time.