Business
Trump won't confirm he talked with Putin, and says there was 'love and peace' on Jan. 6
Former President Trump said that any telephone conversations he may have had with Vladimir Putin since leaving office were a “smart thing,” though he declined to confirm the recently reported calls during an appearance at the Economic Club of Chicago on Tuesday.
“I don’t comment on that,” Trump said. “But I will tell you that if I did, it’s a smart thing. If I’m friendly with people, if I have a relationship with people, that’s a good thing, not a bad thing, in terms of a country. [Putin’s] got 2,000 nuclear weapons, and so do we.”
The comments were the latest in a long line of remarks in which Trump has praised the president of Russia, whom Democratic presidential candidate Kamala Harris recently called a “murderous dictator.”
Citing an unnamed source, a new book by veteran political journalist Bob Woodward reportedly says that Trump and Putin have spoken as many as seven times since Trump left office more than three years ago. Released Tuesday, the book, “War,” also reveals that Trump, while president, sent the Russian leader COVID-19 testing equipment for his own use.
When pressed on the topic by Q&A moderator John Micklethwait, editor in chief of Bloomberg News, Trump added, “I don’t talk about that. I don’t ever say it. But I can tell you what, Russia has never had a president that they respect so much.”
Speaking in front of a friendly audience over the course of roughly an hour, Trump shared his views on tariffs, monetary policy and the Federal Reserve. But he also went on meandering digressions, such as one that covered the safe return of a SpaceX Super Heavy-Starship rocket on Sunday (“I said, ‘What the hell … !’”), and even tried out a French accent while relating a squabble he’d had with Emmanuel Macron, the president of France, over a threatened import tax on wine (“He’s a wise guy”).
On the subject of tariffs, Trump championed his plan to put them on various imported items.
Tariffs, Trump said, are “for protection of the companies that we have here and the new companies that will move in, because we’re going to have thousands of companies coming into this country. … We’re going to protect them when they come in, because we’re not going to have somebody undercut them.”
The nonpartisan Tax Foundation has reported that tariffs imposed by the Trump administration in 2018 and 2019 amounted to “nearly $80 billion worth of new taxes on Americans.”
“I’m a believer in tariffs,” Trump said. “To me, the most beautiful word in the dictionary is ‘tariff.’ It’s my favorite word. It needs a public relations firm.”
Later, Micklethwait invoked the insurrection at the U.S. Capitol on Jan. 6, 2021, to ask Trump if he would commit to a peaceful transfer of power after the November election.
But Trump never directly answered the question, and falsely said there had been a peaceful transfer after the 2020 election, despite the storming of the Capitol, which saw more than 100 people injured and one attendee, Ashli Babbitt, fatally shot by a law enforcement officer. “It was love and peace. And some people went to the Capitol, and a lot of strange things happened there,” said Trump, who shared other falsehoods about Jan. 6.
When Micklethwait asked the question again, Trump said of the journalist, “This is a man that has not been a big Trump fan over the years.”
Trump’s discursive appearance also saw him squabble with Micklethwait over a pejorative nickname for California Gov. Gavin Newsom, and ridicule the moderator for his fiscal views. “You’ve been wrong all your life on this stuff,” Trump said, eliciting laughter from the crowd.
A Harris campaign spokesperson said the interview “was yet another reminder that a second Trump term is a risk Americans simply cannot take.”
“An angry, rambling Donald Trump couldn’t focus, had to be repeatedly reminded of the topic at hand, and whenever he did stake out a position, it was so extreme that no Americans would want it,” spokesperson Joseph Costello said in a statement.
The former president’s campaign moved quickly to position the appearance in Chicago as a win, sending out an email that said the former president “was in his element as he spoke passionately about restoring economic growth, prosperity, and opportunity for all Americans.”
“Kamala could NEVER,” the message said.
Micklethwait said that the Chicago club had invited Harris — whom Trump mentioned only fleetingly — to participate in a similar conversation, but she had “declined so far.”
On Tuesday, Trump also planned to rally voters in Atlanta and spoke with conservative media host Glenn Beck for his BlazeTV online program. He argued that immigration is voters’ greatest priority.
“The biggest thing that people are going to be looking at and voting on is what’s happening at our border where murderers are allowed to come in and where drug dealers are allowed to come in and just destroy our country. Literally destroy it,” he told Beck.
Harris frequently argues that Trump killed a bipartisan immigration bill that would have increased the number of agents at the border and reduced the flow of fentanyl into the U.S. because he was more concerned about keeping the issue alive to boost his election prospects than in solving the problem.
Trump also said he was serious about tasking billionaire SpaceX founder Elon Musk with reeling in federal spending.
“He feels there’s tremendous fraud, waste and abuse,” Trump said. “He could save a lot of money and make lives better.”
Times staff writer Seema Mehta in Los Angeles contributed to this report.
Business
In a first for the country, voters in Monterey Park ban data centers
Residents of Monterey Park voted overwhelmingly to ban data centers on election day, making the San Gabriel Valley city the first in the nation to do so by public vote.
As of Wednesday, 86% of votes were in favor of Measure NDC, the city ban, according to the Los Angeles County registrar-recorder/county clerk.
Other cities and towns have passed moratoriums on data centers, as a wave of opposition sweeps the country. But the Monterey Park vote can only be overturned by another ballot measure, making it the most permanent data center ban in a jurisdiction.
Monterey Park’s City Council had already banned data centers by ordinance, after a proposed 247,000-square-foot data center met an outpouring of public anger and concern. The developer withdrew that plan.
That facility would have been less than 500 feet away from the nearest home, and would have used three times the electricity of the entire 60,000-person city. Residents said it would have caused noise and air pollution and driven up electricity rates.
“This ensures long-lasting protections for current and future generations,” Amy Wong, co-founder of the group San Gabriel Valley Progressive Action, said of the vote. “It means that future city councils cannot overturn a data center ban, even if data center developers wanted to spend money to fund pro-data center candidates.”
The measure had no formal opposition. The developer of the proposed facility, investment firm HMC StratCap, said it wouldn’t engage in the ballot fight when it withdrew in March.
The Data Center Coalition, an industry trade group, expressed disappointment in the vote.
“It sends a signal that the area is closed for business, both for data centers and for other significant economic development projects,” state policy director Khara Boender said.
“It deprives local residents of the opportunity to compete for jobs and investment, while also causing the area to relinquish substantial long-term economic investment, high-wage jobs, and critical tax revenue to neighboring areas or other states.”
SGV Progressive Action worked with hyperlocal groups including No Data Center Monterey Park to rally support for the measure.
The group is now focused on stopping data center proposals in the City of Industry and fighting a move by City of Industry, Santa Fe Springs, Vernon and City of Commerce to welcome data centers and other industry with fast-tracked permitting and tax incentives.
City of Industry, in the San Gabriel Valley, and Vernon, south of downtown L.A., are primarily industrial areas, each with around 300 permanent residents. They are employment centers, and tens of thousands of workers commute in daily.
There has been little vocal opposition to data centers among the few residents of these cities. Wong said the protest is primarily coming from the surrounding neighborhoods.
“If a data center gets built in City of Industry, residents across the region would bear the brunt of pollution and increased utility costs,” Wong said, noting that it is surrounded by 16 other cities and unincorporated communities.
Data center proposals have been limited in California compared to Virginia, Texas, Georgia, Illinois and Arizona, which sit at the center of a recent boom in hyperscaler facilities to power artificial intelligence.
California has the third-most data centers in the country, with 300, but high electricity rates, expensive land and regulatory hurdles mean that fewer, and smaller, facilities are currently planned than in other hotspots.
That doesn’t mean opposition hasn’t been fierce. In Coachella and Imperial County, residents are showing up in droves to protest local proposals.
In the San Gabriel Valley, Montebello, El Monte and Baldwin Park have all enacted temporary moratoriums, and Alhambra recently banned data centers as part of a zoning code update.
Wong said she hoped the ballot measure vote would galvanize the opposition. “The vote is a testament to the people power of our region,” she said. “Our region is worth protecting, and we won’t let data centers determine our future.”
Business
Rent-hike ban to protect fire victims ends despite gouging concerns
A rule intended to prevent rent gouging in the wake of the Eaton and Palisades fires has lapsed in Los Angeles County, possibly exposing some renters to hikes.
The executive order that blocked rent increases was issued by Gov. Gavin Newsom amid the devastating wildfires last year. Under the order, landlords couldn’t increase rents by more than 10% above their prefire levels.
The rule, which was supposed to be temporary and was repeatedly extended, ended Friday after a vote to extend it again failed to garner enough votes. Supervisor Lindsey Horvath, whose district includes Pacific Palisades, sounded the alarm in a motion to extend price protections that failed to pass at the Board of Supervisors’ May 19 meeting.
“These price gouging protections continue to be necessary as construction and rebuilding continue, and as thousands of people remain displaced,” the motion said. “Families which signed short-term leases could face drastic price increases of 50% or more without further price gouging protection.”
Los Angeles County is home to more than 1 million rental properties, though not all of them needed protection from the new rule. There are already stricter rent increase caps for many residences, depending on the location, type and age of the building. Despite the rent control in the region, the people of Los Angeles pay among the highest rents in the country.
It is uncertain whether renters will face rapidly rising rents now that the protection has lapsed. But some real estate experts and policymakers said there was no need for the temporary rule that was part of the governor’s state of emergency.
Supervisors Kathryn Barger, Janice Hahn and Holly Mitchell abstained from voting on the motion to extend the protection, while Supervisors Hilda Solis and Horvath supported it.
“I abstained because I did not see sufficient evidence to justify extending this emergency ordinance, nor did I see evidence to eliminate it entirely,” Hahn said.
Barger’s office said she supported allowing the protections to sunset while waiting to see whether new information emerged.
“Market data already shows countywide rents are only about 2% above pre-emergency levels and rental inventory has grown,” Barger representative Helen E. Chavez Garcia said. “The Supervisor is also mindful of the burden these ongoing protections place on small property owners throughout the county.”
Mitchell did not immediately respond to a request for comment.
There haven’t been steep rent hikes in neighborhoods within three miles of the Palisades fire, according to a Times analysis of data from Zillow, the property listing company.
In ZIP Codes within three miles of the Palisades fire, rent increased 4.8% from December 2024 to April 2025. In areas around the Eaton fire, which destroyed swaths of Altadena, rent jumped 5.2% in the same period.
In L.A. County, ZIP Codes farther from the fires saw only about a 2% increase.
A landlords representative, Jesus Rojas of the Apartment Owners Assn. of Greater Los Angeles, told the supervisors during public comment at the meeting that the county’s rent-gouging rules have “long outlived the emergency they were intended to address” and are now being “wrongfully used to harm thousands of rental housing providers throughout the county.”
“There is no proof that multifamily rental housing providers are hugely increasing rents for impacted homeowners,” Rojas said.
Indeed, there are strong signs that the property market in the Los Angeles area has at last begun to cool.
L.A. metro-area rent prices recently fell to a four-year low, with the median rent slipping to $2,167 in December.
Meanwhile, condominium sales had their slowest start of the year in decades. Condo sales in Los Angeles have plummeted to a 20-year low, with fewer than 2,000 units sold in January and February — the worst start to the year since 2005.
Newsom defended the price-gouging protections shortly after they went into effect.
“In the days following the Los Angeles firestorms, we worked quickly to protect Los Angeles survivors from any form of exploitation,” he said in February 2025. “The state has the tools in place to not only block price gouging during this emergency, but also to prosecute bad actors.”
The Los Angeles County Department of Consumer and Business Affairs said it received more than 2,000 complaints after the fires, alleging that retailers and landlords were taking advantage of people put in hardship by their losses, and sent out more than 2,000 cease-and-desist letters to businesses and landlords for alleged price gouging, said Morine Merritt, who oversees department investigations into consumer and real estate fraud.
“Close to 90% of the complaints that we received involved allegations of rent increases,” Merritt said in an interview. Now that the fire-related protections have expired, existing laws and “regular market conditions determine price increases for goods and services, including rents,” she said.
Crackdowns on fire-related rent gouging have been rare, said Chelsea Kirk of the activist organization the Rent Brigade, which analyzed L.A. County’s rental market in the year after the fires. It reported 18,360 potential examples of price gouging in listings but said that few lawsuits had been filed by authorities so far.
Last week, Rent Brigade announced what it said was the first private civil lawsuit brought by a family that claimed to be rent-gouged in the aftermath of the wildfires. Plaintiffs Randall and Candy Renick, whose Altadena home was damaged, said they were charged nearly three times the maximum permitted rate for nearly 10 months. They seek restitution of $96,000 plus civil penalties and attorneys’ fees.
The rental market has probably stabilized since the fires, Kirk said, but other families may still be “locked into illegal rents” that they agreed to pay when they were in a rush to find housing after they were displaced.
Business
Read Nick Bilton’s Letter to Scott Pelley
Dear Mr. Pelley:
I meant what I said in my letter last week to the 60 Minutes team: joining 60 Minutes is the honor of my career and I am grateful to be working alongside the people who have contributed to the most important television journalism brand this country has ever produced. While I’m new to 60 Minutes, I’ve devoted my career to investigative journalism and storytelling. I started this job excited to collaborate and to benefit from the wisdom and experience of the 60 Minutes veterans, with you among them. For that reason, one of the first things I did in my new role was call you to talk and invite you to dinner. It is a profound disappointment that you rejected that overture and chose ambush instead. Yesterday, you hijacked my first meeting with staff to disparage me, my qualifications, and my intentions with remarkable incivility and contempt. I welcome a diversity of viewpoints and respectful debate among the team, but this was nothing of the sort. Yesterday’s performative display of hostility enacted in front of the staff instead of in a civil, private conversation-demonstrated that you have no interest in contributing to the future success of the show, or approaching my new tenure with a mind open to collaboration and progress. I am here to deliver first-in-class news programming, not to make headlines about newsroom drama. I am eager to work alongside those who share this goal.
Despite yesterday’s misconduct, I had hoped that in sitting down with you today we could find a path forward together. You made clear that you are not interested in such a path.
Your antipathy to the future of the show has come through loud and clear. And I have heard you. I therefore write on behalf of CBS News, Inc. (“CBS”) to inform you that your employment with CBS is terminated for cause effective immediately. Enclosed is your formal termination letter.
Sincerely,
Nick Bilton
Executive Producer, 60 Minutes
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