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Die dokuzeri jetst exclusif stremen in der RD Mediatik.
Wildfires around Los Angeles are spreading, covering tens of thousands of acres and leaving at least two people dead.
We hear from our reporter on the scene and why Xi Jinping is punishing one of China's top economists and what that could mean for investors.
The Chinese market has become so much more opaque.
It is a problem for investors both inside and outside China to understand what's going on there.
Plus, though lots of offices are still sitting vacant, certain spaces are seriously in demand.
It's Wednesday, January 8th.
I'm Alex Sosalev for the Wall Street Journal.
This is the PM edition of what's news, the top headlines and business stories that move the world today.
Multiple wildfires are devastating the Los Angeles area and stretching the region's firefighting resources to their limits.
There are now at least four fires, the Palisades, Eaton, Hearst and Woodley fires.
They're covering more than 20,000 as firefighters contend with strong winds and low humidity.
The Los Angeles Fire Department says that as of this morning, fires have destroyed over a thousand structures and killed at least two people.
70,000 La Area residents are under evacuation orders.
Wall Street Journal reporter Sarah Randazzo joins us now from Pasadena, where the Eaton fire covers more than 10,000 acres.
So, Sarah, you're in Pasadena.
What is the scene like there?