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The missing person at Lake Puru has been identified as Naya Rivera, 33, of Los Angeles. SAR operation will continue at first light. @VCAirUnit @fillmoresheriff @Cal_OES pic.twitter.com/bC3qaZS3Ra— Ventura Co. Sheriff (@VENTURASHERIFF) July 9, 2020 255
The last year has been a challenging one for New York City, which was among the hardest hit areas in the world for coronavirus cases.Months after a spring surge of cases, schools closed and hospitals filled with coronavirus patients this week, as life is struggling to return to normal. One sign life isn’t back to normal is that next week’s Macy’s Thanksgiving Day Parade will be held without spectators.In honor of the front-line workers keeping New York City safe and healthy, Macy’s has decorated its storefront at its flagship store in Midtown Manhattan with the theme "Give, Love and Believe."The tradition of decorating the storefront dates back 146 years. Macy’s installed social distancing markers in front of the mural to space onlookers.The storefront is part of a broader theme of philanthropy at all Macy’s locations throughout the United States.All Macy’s locations will have a red mailbox where children can address letters to Santa. For each letter received by Macy’s addressed to Santa, the retailer will donate , up to million, to the Make-a-Wish Foundation.“Believe is a special moment for the Macy’s family each year,” said Lauren Anania, Macy’s Director of Cause Execution. “As we celebrate the wonder of giving, we feel privileged to support Make-A-Wish in its quest to grant the wishes of children in need. We are proud of the passion that our colleagues bring and grateful to our customers for turning this program into a tradition of endless generosity and community through the collection of millions of letters over the last 11 years.” 1575

The interest rate on the 30-year fixed-rate mortgage remained near record lows in June and is likely to stay there in July.The 30-year fixed averaged 3.33% APR in the first four weeks of June, a smidgen lower than the 3.37% average APR in May and 3.36% in April. June’s rate average was the lowest in the four-year history of NerdWallet’s daily rate survey.A mission to reduce ratesMortgage rates were remarkably anchored from April through June after the Federal Reserve intervened to stabilize rates and push them down.But the Fed’s intervention hasn’t been entirely successful: Although mortgage rates have been remarkably stable, they’re stuck at a higher-than-expected level. To put it more bluntly, rates should be lower.Since March, the central bank has bought billions of dollars’ worth of Treasurys and mortgage bonds “to sustain smooth market functioning, thereby fostering effective transmission of monetary policy to broader financial conditions,” as the Fed explained in a June 10 statement.Dissecting that short passage:The Fed is saying that its goal is to push interest rates, including mortgage rates, lower. That’s what “transmission of monetary policy to broader financial conditions” means.It’s trying to accomplish that goal by buying Treasurys and mortgage bonds to calm and stabilize those markets. Stabilizing markets is a method, not the goal.? MORE: How mortgage rates are determinedFed failed to make a bigger splashThe Fed has succeeded in calming the waters. That’s why there were ripples, not waves, in fixed mortgage rates from April through June. But it has only partially succeeded in its goal to push interest rates lower. For the Fed to declare victory in “fostering effective transmission of monetary policy to broader financial conditions,” mortgage rates would have to fall another half a percentage point or so.With its intervention, the Fed decreased Treasury yields and mortgage rates. But the results are unequal: Since January, the 10-year Treasury yield has fallen a little over one percentage point, while the 30-year mortgage has fallen about half a percentage point. Normally, the two would fall roughly the same amount.Rates slow to sync with TreasurysWhy haven’t mortgage rates fallen further? You might guess that lenders are keeping rates elevated to offset the risk of mortgages going into default during the COVID-19 recession. But mortgage rates tend to fall during recessions.? MORE: What COVID-19 means for mortgage ratesMaybe mortgage servicers, the companies that collect monthly payments and work with past-due borrowers, want to be paid for the increased risk they bear, and it’s translating to higher rates. Maybe an undetected economic force keeps a floor on mortgage rates, preventing the 30-year fixed from falling below 3% and lingering there.A more plausible theory is that mortgage rates will follow historical patterns and shamble lower until they’ve fallen roughly the same as Treasury yields. That’s the conclusion that Bill Emmons, economist for the Federal Reserve Bank of St. Louis, makes in a paper titled “Why Haven’t Mortgage Rates Fallen Further?”Using history as a guide, Emmons writes, “we would expect a further decline in mortgage rates of perhaps 0.5 percentage points.” If he’s right, mortgage rates might drop in July.Don’t count on it, though. Not after these two months of stability; rates might continue to tread water.More From NerdWalletCompare current mortgage ratesHow much home can I afford?Buying or selling a home during the pandemicHolden Lewis is a writer at NerdWallet. Email: hlewis@nerdwallet.com. Twitter: @HoldenL. 3623
The Pentagon is preparing to send about 5,000 additional active duty troops to support border authorities' efforts to stop Central American migrants bound for the US, according to a defense official and an official familiar with the current plan.The announcement comes days before midterm elections in which President Donald Trump has repeatedly warned of dangers related to immigration and of specific but unsubstantiated threats posed by the migrants, who are still weeks away from the US border.Trump tweeted Monday that the group of Central Americans includes "gang members and some very bad people."The tweet to the President's 55.5 million followers came just two days after a man with virulently anti-immigrant views, who referred to immigrant "invasions," killed 11 people in a Pittsburgh synagogue."Please go back," Trump tweeted Monday to the migrants, who are some 900 miles away from the border and moving at a pace of 20 to 30 miles a day. "You will not be admitted into the United States unless you go through the legal process. This is an invasion of our Country and our Military is waiting for you!"The migrants are seeking asylum, which can be applied for only once someone seeking protection from persecution or fleeing violence in their home country is inside another country or is at the border."Operation Faithful Patriot" is expected to start on November 5 and last until December 15, the defense official said. The current plan is to send the additional active duty troops to Brownsville, Texas, Nogales, Arizona and likely near San Diego, California.Asked Monday whether the administration was considering closing the southern border, White House spokeswoman Sarah Sanders said, "we have a number of options on the table and we're exploring those."The official said that while no final decision has been made, the commander of Northern Command, which will oversee the operation, has the authority to preposition forces. The troops will be deployed from Fort Bragg in North Carolina, Fort Campbell and Fort Knox in Kentucky and Fort Hood in Texas.The official added that verbal orders went out this past weekend to some units and additional written orders are starting Monday. The official added that some troops were already moving and that their number could increase or decrease as needs are assessed.Last week, CNN reported that the US could send 800 or more troops to the border.Trump has said migrant groups will be a central issue of the campaign and has repeatedly linked them to Democrats. He threatened to cut off aid to Central American countries that allow the estimated 6,500 people fleeing Honduras, Guatemala and El Salvador to continue moving north.The officials emphasized the troops will be at the border to support civil authorities and that they are not expected to come into any contact with migrants. If the troops carry arms, it will be solely for self defense, the officials said.Last week, Homeland Security Secretary Kirstjen Nielsen told Fox News that her agency had asked for defense department help to "bolster our capabilities" in an effort to avoid a repeat of clashes on the Guatemalan-Mexican border between some of the northbound migrants and Mexican troops.Specifically, she said DHS has asked for air, engineering, logistics and planning support as well as vehicle barriers and "ways in which we can protect my officers and agents as well as the ports of entry themselves."This deployment is separate from an ongoing National Guard effort to support border authorities with technical assistance. There are approximately 4,000 personnel authorized for that mission, but only 2,100 are currently in place, according to the Pentagon.Asked why the President felt to compelled to send additional troops to do essentially the same thing, Sanders told reporters Monday that the "President's number one job and number one priority is protecting the safety" of Americans.The-CNN-Wire 3941
The National Guard is attempting to rescue dozens of people who are currently trapped at a California resort as the Creek Fire continues to burn out of control in the Sierra Nevada Mountains.According to The Washington Post, about 50 hikers remain trapped at the Vermilion Valley Resort with all escape routes cut off by the fire. The hikers have been sheltering in place at the resort since Sunday night.Officials have been unable to send rescue helicopters to the area due to low visibility caused by smoke from the fire. The area has dealt with high winds and record heat in recent days, which is making things difficult for both rescuers and firefighters.However, Col. Jesse Miller of the National Guard said Tuesday that the weather was beginning to turn."Mother Nature is trying to help us out this morning with some of the smoke clearing, allowing visibility for the aircraft to pick up the landing zones and get in safely to our folks here in California," Miller said in an interview on Good Morning America on Tuesday.So far, the wildfire is confirmed to have killed one person from smoke inhalation, according to the Fresno Fire Battalion. The Fresno County Sheriff's Office reports a second person died from a medical episode when EMS could not respond due to the conditions.According to CALFIRE, the Creek Fire remains 0% contained as of Monday evening. The fire has been burning since Thursday but nearly doubled in size on Monday alone to cover nearly 80,000 acres.Col. Jesse Miller told ABC News Tuesday morning that the National Guard is also attempting to send rescue helicopters to Hidden Lakes. It's unclear how many people are trapped at Hidden Lakes.The Washington Post reports that more than 200 people were rescued from the Creek Fire over the weekend. 1783
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