Markets plunge with S&P 500 down 6%, Dow down 2,200 after China retaliates against Trump tariffs

Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. KTLA's Samantha Cortese reports on April 4, 2025.

Markets plunge with S&P 500 down 6%, Dow down 2,200 …

News /

Wall Street’s worst crisis since COVID slammed into a higher, scarier gear Friday.

The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.

KTLA's Samantha Cortese reports on April 4, 2025.

Wild pursuit ends in crash, escape attempt in Pacoima

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Video captured the wild end of a pursuit Tuesday as sparks flew from a suspect's pickup truck after he crashed into multiple cars and attempted to continue driving.

This video aired on the KTLA 5 Morning News on April 9, 2025.

Crash on SoCal freeway unleashes bizarre chain of …

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A hit-and-run crash on the 134 Freeway around Eagle Rock unleashed a bizarre chain events, including a manhunt, a police shooting, one arrest and two detained as at least two suspects remain at-large. Mary Beth McDade reports on April 8, 2025.

Details: https://ktla.com/news/local-news/manhunt-underway-for-possible-armed-suspect-in-los-angeles-neighborhood/

Soccer coach charged in murder of boy, 13, undocumented …

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The soccer coach accused of killing a 13-year-old boy whose body was found in a ditch in Ventura County last week is an undocumented immigrant who was previously accused of sexually assaulting minors. Sandra Mitchell reports April 8, 2025.

Details: https://ktla.com/news/local-news/coach-accused-of-killing-boy-13-is-undocumented-immigrant-l-a-times/

Catholic priest in Downey arrested for sex misconduct …

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A Roman Catholic priest serving in Downey has been arrested for alleged sexual misconduct with a minor. Carlos Saucedo reports April 8, 2025. Details: https://ktla.com/news/local-news/downey-priest-arrested-for-sex-abuse-of-minor-archdiocese/

Supreme Court backs Trump Administration on Deportations, …

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The Supreme Court handing the Trump administration a series of victories, albeit narrow ones, this week, as it overturned lower court rulings regarding the administration's use of an 18th century wartime law to justify the deportations of Venezuelans while also temporarily halting an order that some 16,000 fired probationary workers be reinstated. With more on those rulings, and the implications of the long-term battle between the White House and the judicial branch, Micah Ohlman and Courtney Friel are joined by Loyola Law Professor Jessica Levinson. April 8, 2025.

Rebuilding begins in Palisades fire zone

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Around three months after the devastating Palisades fire tore through thousands of structures and prompted the mass evacuation of residents in the Pacific Palisades area, locals are slowly cleaning up and rebuilding their homes and their lives.

KTLA's Sara Welch reports on April 8, 2025.

SoCal soccer coach charged in murder of 13-year-old …

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Mario Edgardo Garcia Aquino, 43, the soccer coach accused of killing a 13-year-old boy whose body was found in a ditch in Ventura County, is an undocumented immigrant who was previously accused of sexually assaulting minors, the Los Angeles Times reports.

KTLA's Chris Wolfe reports on April 8, 2025.

Details:

Heartwarming military homecoming in Southern California …

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A dad, returning from the military, surprised his third grader son while in class at a Banning elementary school. KTLA's Shelby Nelson reports live on April 8, 2025. Details: KTLA.com

3 arrested after crash on 134 Freeway in L.A. prompts …

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A multi-vehicle crash on the 134 Freeway near the Los Angeles’ neighborhood of Eagle Rock set off a bizarre chain of events, including a manhunt, that continue to evolve with police locking down the neighborhood.

KTLA's Mary Beth McDade reports on April 8, 2025.

SoCal soldier comes home, surprises son at school

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Michael Lugrain, a U.S. Air Force civil engineer, returned home to Riverside County and surprised his son at school.

KTLA's Shelby Nelson reports on April 8, 2025.

Manhunt underway for alleged armed suspect in Eagle …

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At least one suspect is in custody and another is at-large amid a manhunt in Eagle Rock after a three-vehicle traffic collision on a nearby freeway and reports of shots fired, officials with the California Highway Patrol confirmed to KTLA. Sky5 was overhead. Details: https://ktla.com/news/local-news/manhunt-underway-for-possible-armed-suspect-in-los-angeles-neighborhood/

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