PCE Inflation Data, Nvidia Earnings, Canada Retaliates on Tariffs

By Jacqueline Policastro | Quincy News Correspondent

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    Washington (Quincy News) — Market Recap: U.S. stocks closed higher Tuesday as technology shares rebounded and Treasury yields and oil prices declined. The Dow and S&P 500 each gained about 0.3%, while the Nasdaq rose 0.7%.

New-home sales fell 10.5% in July to their lowest level since January, while consumer confidence dropped to a seven-month low. Consumers’ 12-month inflation expectations rose to 5.8%.

Canada announced retaliatory tariffs of up to 50% on about $20 billion of U.S. goods starting Sept. 8, after new U.S. tariffs took effect Saturday and President Trump threatened 50% tariffs on Canadian autos starting Jan. 1.

Today’s Focus: Investors are watching a busy day of economic data and earnings. July PCE inflation, consumer spending and income, the second estimate of second-quarter GDP and durable-goods orders are due at 8:30 a.m. ET. The spending and income data will show whether consumers are continuing to spend despite elevated inflation and signs of weakening confidence.

Core PCE inflation is expected to remain at 3.3% annually, well above the Fed’s 2% target and a key consideration for policymakers weighing their next rate move. Fed Chair Kevin Warsh delivers the keynote address Friday at the annual Jackson Hole Economic Policy Symposium.

Nvidia reports earnings after the closing bell, with investors watching for signs that strong demand for AI chips is continuing.

ON THE SCHEDULE FOR WEDNESDAY, AUGUST 26, 2026

-8:30 a.m. ET – July durable-goods orders, second estimate of Q2 GDP and July PCE inflation

-Earnings – Nvidia, Salesforce and CrowdStrike

-Thursday, 8:30 a.m. ET – Weekly jobless claims and July Advance Economic Indicators

-Thursday earnings – Best Buy, Dollar General and Dollar Tree

-Friday morning – Fed Chair Kevin Warsh speaks at the Jackson Hole Economic Policy Symposium

-Friday, 10 a.m. ET – Final August University of Michigan Consumer Sentiment

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Missing hiker in Placer County found dead after days-long search

By Carlos E. Castañeda, Richard Ramos

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    PLACER COUNTY, California (KOVR) — A hiker in Placer County who had been missing for days was found dead Tuesday after hundreds of search-and-rescue personnel worked through challenging terrain to locate him, authorities said.

Ian Roberts, 24, was found dead Aug. 25 in the Auburn State Recreation Area, the Placer County Sheriff’s Office said.

Roberts was last seen Friday morning in the Overlook Park area in Auburn, according to authorities. He was reported missing to the Roseville Police Department on Saturday morning, and his car was found shortly afterward in the Overlook Park parking lot.

Sheriff’s investigators determined that Roberts had gone for a hike into the American River Canyon area on Friday and had not returned, prompting a search.

The sheriff’s office said Roberts was found within Auburn city limits, and the Auburn Police Department will investigate the circumstances surrounding his death.

Authorities said it appears Roberts slipped and fell down a steep embankment. There was no indication of foul play.

Before Roberts was found, the sheriff’s office said about 100 search-and-rescue personnel were working in the surrounding area, using drones, rescue dogs and a sheriff’s office marine unit to search areas along the North Fork American River.

The sheriff’s office said they have been helped in the search by more than a dozen law enforcement and volunteer agencies, including California State Parks, Bay Area-based volunteer groups California Search and Rescue and California Rescue Dog Association, and the sheriff’s offices from Contra Costa, El Dorado, Marin, Sacramento, San Mateo, Santa Clara, Solano, Tuolumne, and Yuba counties.

The California Highway Patrol also assisted with a helicopter crew, and the Placer County Sheriff’s Office also requested a California Governor’s Office of Emergency Services FIRIS flight which uses data sensors mounted on fixed wing aircraft.

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Amazon driver strikes 71-year-old man in California gas station in newly released video

By Richard Ramos

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    ELK GROVE, California (KOVR) — Newly released surveillance video shows an Amazon delivery driver striking a 71-year-old man inside a Northern California gas station earlier this year after a dispute over a parking space, officials said.

The incident happened around 3:15 p.m. on March 30 at an ampm convenience store and gas station in the 8300 block of Sheldon Road, near Highway 99 in the Sacramento suburb of Elk Grove.

Elk Grove police said the victim had just pulled into a parking stall when the suspect, identified as 30-year-old Terrence Wheeler of Antioch, became upset because he intended to park in the same space.

Wheeler was working as an Amazon delivery driver at the time, police said.

Surveillance video shows Wheeler confronting the man inside the store.

Police said Wheeler threatened to assault the victim. As the 71-year-old walked past him, Wheeler struck him on the side of the head with enough force to knock him to the ground.

The video was captured in late March but was only recently released.

Police identified Wheeler during their investigation. Wheeler turned himself in later that day and was booked into the Sacramento County Main Jail on suspicion of felony elder abuse, felony criminal threats and misdemeanor battery.

Wheeler’s next scheduled court appearance is Sept. 24.

The victim’s attorneys are seeking $10 million in damages from Amazon and Wheeler.

Amazon said Wheeler was not directly employed by the company. Instead, he was working for an independent business that contracts with Amazon to deliver packages.

Amazon said it learned of the incident and that the driver was subsequently released by the contractor.

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SFMTA investigates after video shows Muni train operator apparently dozing off before crash

By Tim Fang

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    SAN FRANCISCO, California (KPIX) — Transportation officials in San Francisco are investigating after video apparently showed a Muni metro train operator dozing off moments before a crash last month.

According to the San Francisco Municipal Transportation Agency, the crash involved two L-Taraval trains near 47th Avenue and Wawona Street in the city’s Sunset District on the morning of July 31. The video, which was originally posted on a social media account called NorCal Bodycam, showed the operator nodding off before rear-ending another train on the track.

Two passengers on the train at the time of the crash exited the train after it came to a stop.

“This type of incident is simply unacceptable,” SFMTA Director of Transportation Julie Kirschbaum said in a statement. “The safety of our passengers and operators is our most important priority, and we are grateful that no one was injured.”

In a statement Monday, the agency said vehicle and infrastructure issues have been ruled out and that the initial determination was “operator error caused by fatigue.”

SFMTA said the formal investigation is ongoing and that they are working closely with the California Public Utilities Commission, as it does on all rail safety incident investigations. The operator has been placed on “non-driving status” during the investigation.

“When the investigation is completed, we will move quickly to take appropriate action based on the final determination,” Kirschbaum added.

To address fatigue and improve safety, the agency said it has increased random video reviews and allocated additional rest time on all operator shifts. Staff also receive routine training and the agency has ongoing fatigue awareness campaigns to prevent incidents.

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Suspect acted alone in deadly Oakland stabbing rampage, police say

By Maddie White

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    OAKLAND, California (KPIX) — A man acted alone when he randomly attacked five people across Oakland’s Fruitvale neighborhood in a deadly stabbing spree on Monday night that police say lasted less than 30 minutes.

The Oakland Police Department said at a press conference on Tuesday that three men and two women were stabbed at several locations across East Oakland.

“Five people were injured. One lost their lives,” said Acting Captain Gloria Beltran. “We do believe that these were random. We don’t have any connection with the suspect and the victims.”

The violence unfolded in rapid succession. As officers worked on one stabbing scene, more calls came in — another stabbing, then another, then three more, all before officers tracked down and arrested the suspect nearby.

The attacks played out across several parts of Oakland, starting at Cesar Chavez Park, then moving to 38th Avenue toward San Leandro Street, and eventually to International Boulevard near the Fruitvale BART station.

One victim died, another was in critical condition, and the remaining three are stable, with the victims’ ages range from their 30s to their late 50s. Police believe the suspect is unhoused.

Beltran said the investigation moved quickly thanks to residents who stepped in to help.

“They made contact with officers, directed the officers to where the suspect was, which greatly helped with taking them into custody,” she said.

That was especially true near the BART station and Cesar Chavez Park, a spot Beltran noted is typically full of families.

“This park is heavily populated by families so it could have absolutely been worse,” she said.

Beltran said the community’s response likely kept a bad situation from turning into something worse, and she urged residents to keep doing the same in the future.

“So I would just say thank you and just continue to do that whenever we respond because that obviously helps with the investigation and with just taking the suspect into custody swiftly,” she said.

Police have not released a motive for the attacks, or the identities of the suspect and victims. The suspect is in custody, and no further details on charges were immediately available.

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Orange County father facing child endangerment charges for 2025 e-motorcycle crash involving 12-year-old son

By Michele Gile, Dean Fioresi

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    ORANGE COUNTY, California (KCAL, KCBS) — An Orange County father is facing child endangerment charges for a crash that left his 12-year-old son with significant injuries last year while he was riding an e-motorcycle.

The crash happened on July 20, 2025, when Richard John Eyssallenne’s son, now 13, ran a red light and was hit by a car while he was illegally riding an e-motorcycle that was unlawfully modified. Prosecutors say that he should have been at least 16 with a driver’s license to ride the vehicle, which is classified as an e-motorcycle and not an e-bicycle.

During court on Eyssallenne’s preliminary hearing on Tuesday, prosecutors shared jarring dash camera video of the crash, which shows the boy speeding through an intersection before colliding with a car and getting thrown into the air. The collision left him with a fractured skull and broken leg.

Eyssallenne now faces criminal charges of felony child endangerment and contributing to the delinquency of a minor.

The Orange County District Attorney’s Office alleges that he helped his son unlawfully modify the e-motorcycle to make it go faster. The bike in question is a 2024 Talaria XXX, which prosecutors say exceeds the maximum output of 750 watts. Instead, its peak output is somewhere around 5,000 watts, they said when filing charges in March.

Along with the power modifications, authorities also found that the manufacturer’s pedals with motorcycle pegs had been modified and were not fully operable and that the manufacturer-installed governor that limited the bike to 20 miles per hour had been rerouted to a key switch.

During Tuesday’s hearing, Orange County Sheriff’s Department Deputy Kiana Lewis testified. She was one of the first on scene when the crash happened in 2025. When asked if she contacted Child Protective Services in connection with the case, Lewis said she did.

“I felt that based off of all the information that I had, that they needed to be involved, because the same e-bike was involved in two separate incidences and it brought to my attention that maybe there wasn’t sound decision making,” Lewis said.

Prosecutors also said that Eyssallenne took his 12-year-old and 10-year-old sons to an e-bike safety presentation in early 2025, less than a month after the boy involved in the crash was cited for illegally riding the e-motorcycle.

Eyssallnene has pleaded not guilty to all charges and if convicted, he could face up to six years in prison, according to the DA’s Office.

On Wednesday, the boy, now 13, is expected to take the stand as a witness for the defense, despite a warning from a public defender that he could incriminate himself.

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2 Colorado State Patrol troopers shot and injured during traffic stop, suspect shot and killed later

By Jesse Sarles

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    TELLER COUNTY, Colorado (KCNC) — Two Colorado State Patrol troopers were shot and injured while attempting to conduct a traffic stop in southern Colorado, the law enforcement agency said. It happened on Tuesday morning in the mountains west of Colorado Springs, near Woodland Park, in Teller County.

After an extensive search, the suspect was located and shot by officers during a confrontation and a Blue Alert that was issued by the Colorado Bureau of Investigation was deactivated.

“This is a difficult situation, but I will tell you this. If you shoot a Colorado state trooper, the world is coming for you, and that’s what happened today — and I’m grateful for that response,” Colorado State Patrol Chief Matthew Packard said in a Tuesday afternoon news conference.

Officials with the Colorado State Patrol said at approximately 7:15 a.m., the troopers were trying to pull someone over on Highway 24 near Piney Point Lane, very close to the community of Crystola, when the driver shot the trooper multiple times. A second trooper arrived to help, and CSP says the suspect also shot at them.

Both troopers were able to drive themselves to the hospital, and one has since been released. Authorities say both are expected to recover.

The Teller County Sheriff’s Office said in an online post that the suspect was driving a blue Subaru Impreza “with license plates not visible through tinted covers.” He allegedly drove off after the shooting, and law enforcement were searching for him near Westwood Lakes and Woodland West. Just before 10 a.m., the sheriff’s office said the suspect was located when a nearby homeowner recognized him from the reverse 911 call and the Blue Alert issued after the first shooting.

The CBI sends out Blue Alerts when there is a suspect who is not in custody after a law enforcement officer was killed or severely wounded. Tuesday’s Blue Alert was in effect for more than an hour.

A shelter-in-place order that was put into place for residents on Trout Creek Road and Piney Point Lane was also lifted. The sheriff’s office used a drone to assist with the search in that area.

At about 9:40 a.m. a SWAT team and dozens of other armed law enforcement officers could be seen in video from CBS Colorado’s news helicopter outside of a house located close to Highway 24. That’s where Teller County Sheriff Jason Mikesell said the suspect began firing at law enforcement officers including county deputies. None were hurt, but the suspect died as a result of gunshot injuries he sustained in return fire.

“In Colorado, we have very good law enforcement officers. And I will tell you — to attempt an ambush and take the life of my deputy? The party was struck multiple times. Our deputies are well trained, and we will not allow someone in this county to ever attempt to take the lives of someone in this county,” Mikesell said.

One of the troopers’ injuries was described as serious, and the other’s were described as being minor. Both troopers were being treated at a hospital and are expected to survive. Neither has been identified.

Mikesell said, “There’s a lot of questions about why somebody did this. But I want you to understand something. These deputies and officers were heroic in everything they did. They were ambushed the first time. And I want you to think about something. They were ambushed a second time, and then we had another ambush on an officer. Look, I can’t say enough at how heroic those deputies are, because we don’t know what this subject would have done afterward.”

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Annunciation mass shooting investigation detailed in 2,600-page report

By Beret Leone, WCCO Staff

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    MINNEAPOLIS, Minnesota (WCCO) — Law enforcement has released an extensive report on the response and investigation into last year’s deadly attack at Annunciation Catholic Church in Minneapolis.

The mass shooting, which occurred during the first Mass of the school year on Aug. 27, 2025, killed 8-year-old Fletcher Merkel and 10-year-old Harper Moyski. Eighteen other children, ranging in age from 6 to 15, were hurt, as well as three adults. The shooting happened at the church, which is connected to a school building.

The report is about 2,600 pages long, including hundreds of pages of photographic evidence connected to the attack, providing the clearest picture yet of the response and the investigation that followed.

The report is broken into two: the first stemming from Minneapolis Police Department’s investigation, and the second mostly coming from the Minnesota Bureau of Criminal Apprehension along with other local departments that responded.

The Minneapolis police report outlines the response of more than 150 first responders, detailing their movements and actions throughout the day, including locating the 23-year-old suspect, treating victims and clearing rooms inside the church.

The police report also lists each witness, victim, neighbors and parents police interviewed following the deadly shooting. It also includes 10 crime lab reports. In all, just this first report is 816 pages long.

The second report lays out responses from outside agencies, including an off-duty Dakota County Drug Task Force Officer who came to help on scene and a Bloomington officer’s response report.

It also includes a report from the BCA and a synopsis of 15 interviews they conducted as part of their investigation, including interviews with the suspect’s dad, a former partner, St. Louis Park library staff, a former employee of the city of Richfield, a family friend and more.

According to the report, the suspect’s father “had no concerns” about the suspect’s “behavior leading up to the shooting,” but added his ex-wife, the suspect’s mother, did have concerns about their interest in airsoft guns.

In another interview, the suspect’s ex-girlfriend described the suspect as “a friendly person” who “would never harm anyone.” She said in recent months the suspect had been “distant” but it wasn’t concerning behavior.

The suspect, a former Annunciation student, died from a self-inflicted gunshot wound after firing nearly 120 rounds into the church’s windows.

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Escaped prisoner captured following manhunt in Northwest Indiana near the Burns Harbor/Portage exit of I-94

By Sara Tenenbaum

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    BURNS HARBOR, Indiana (WBBM) — Indiana State Police said that an escaped prisoner in Northwest Indiana has been captured.

State police said they transferred custody of the individual to Immigration and Customs Enforcement on Tuesday afternoon.

They said an ICE officer was transporting the person heading westbound on I-94 near Exit 22 for Burns Harbor/Porter to a holding facility for processing.

State police said during the transport, the prisoner freed himself from his restraints and jumped out of the moving vehicle and fled north across the highway into a brush line.

The escapee was found Tuesday night in a marsh area, cold and wet after hiding in the water for five hours, and taken into custody without incident, state police said.

No further information was released.

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Activists rally against Oak Lawn police after officer puts teen in chokehold during public meeting

By Jermont Terry

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    OAK LAWN, Illinois (WBBM) — A southwest suburban police department is under scrutiny over the forceful removal of a teenager from a public meeting in Oak Lawn.

The incident sparked a rally by activists and some community members who took their complaints, accusing the Oak Lawn Police Department of racism, to Tuesday night’s council meeting. The teen involved in the incident was also in attendance.

The group rallied after images were captured at a public meeting. They say it shows officers placing a 14-year-old in a chokehold.

“Oak Lawn Police Department responded to a 14-year-old’s public comment by picking him up, slamming him into a counter in the back and putting him in a chokehold, which again is illegal,” said Muhammad Sankari.

This 20-second video provided to CBS News Chicago by members of the Arab American Action Network says it illustrates the injustice this teen endured while speaking at a police and fire commission meeting on Aug. 5.

“All of this because Oak Lawn Police refuses to acknowledge the fact that there’s deep-seated racism in this village,” Sankari said.

For three years, the group has attended every police and fire commission meeting. They are upset after the Oak Lawn Police Department did not charge a woman after she hit and killed Murod Kurdi.

The group contends that back in 2023, OLPD failed to properly test the driver and arrest her for driving under the influence in Kurdi’s death. That 14-year-old was at the meeting to protest the lack of charges.

But police say “…individuals in attendance have engaged in disruptive conduct that has interfered with the commission’s ability to conduct its official business” and constantly are “… shouting obscenities, having physical confrontations with police officers, knocking over chairs, and refusing to comply with lawful requests…”

On the day the images were taken, Oak Lawn police say the teen yelled obscenities while speaking and “when officers attempted to escort the juvenile away from the podium, an adult female interfered with the officers and was subsequently removed from the meeting.”

The group acknowledges the teen swore at the meeting.

“There is specific language you should be using in a public meeting, but at the end of the day, again, never ever, ever should have resulted him into a chokehold,” said Nadiah Alyafai, Arab American Action Network.

Oak Lawn police say they respect the First Amendment, but it can’t disrupt public meetings.

The teen’s mother is accused of interfering while her son was being removed, with police claiming she hit officers. She was later arrested and charged with assault.

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