In this episode from Venice Beach, we dive into the latest financial developments as Federal Reserve Chair Kevin Warsh prepares for a pivotal speech at the Fed's annual retreat. With inflation pressures mounting, Warsh's address is highly anticipated, especially as Cleveland Fed President Beth Hammack calls for immediate rate hikes. Meanwhile, CrowdStrike's stock soars after announcing record-breaking earnings, driven by the rising threats from artificial intelligence.
Locally, Venice Beach surfers can expect clean conditions with two-plus feet waves early, shifting to fair by noon as onshore winds pick up. The weekend promises solid surf opportunities, particularly on Saturday. On the sports front, the Los Angeles Rams edged out the Chargers in preseason action, while the Dodgers aim to break their losing streak in Detroit. San Diego FC hosts the Galaxy at Snapdragon Stadium, maintaining their strong form against LA teams.
Southern California Edison customers will benefit from a $72 credit on their electricity bills this summer, providing some relief during peak air conditioning months. As the weekend approaches, Venice Beach residents can look forward to sunny skies and mild temperatures, perfect for enjoying the local surf and sand.
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