*By Chloe Aiello* As of Friday afternoon, more than 600 people are still missing and almost 70 are dead as a result of ongoing fires that have ravaged parts of Northern and Southern California over the past week. The toll of missing individuals from the Camp Fire soared after the Butte County Sheriff Department adjusted the count to reflect those reported missing during the height of the blaze. In a conference with reporters late Thursday [recorded by NBC](https://www.nbcnews.com/news/us-news/number-missing-doubles-northern-california-s-camp-fire-seven-more-n937006), Butte County Sheriff Kory Honea said he suspects many on the list may have sought cover from the fire and don't even know they've been reported missing. He also said he expects the list to fluctuate as some are located and others are reported missing. The list includes many elderly individuals in their 80s and 90s. The Camp Fire has been deemed the most deadly and destructive fire in California's history. It's scorched 142,000 acres, destroyed more than 12,000 structures ーmany of them homesー and almost completely leveled the town of Paradise. It also accounts for a reported 66 of the 69 fire casualties reported, but those numbers are still shifting. The California Department of Forestry and Fire Protection said it expects to have the Woolsey Fire fully contained by Monday and the Camp Fire contained by Nov. 30. President Donald Trump is scheduled to travel to California on Saturday "to meet with individuals impacted by the wildfires." the White House said Thursday. The show of support signals a change in tone for the President, who over the weekend blamed the blaze on what he called "gross mismanagement of the forests," and threatened to revoke federal funding of certain departments. His comments sparked backlash from [Californians, fellow politicians, and advocates of climate science.]( https://cheddar.com/videos/rep-elect-rouda-trump-should-lead-on-climate-change-instead-of-throwing-tweet-tantrums). Meanwhile, the financial toll of the fire was also coming into focus. Shares of Pacific Gas and Electric Company ($PCG) recovered more than 37 percent on Friday after a report that signaled a possible bailout of the company, which is California's leading utility provider. Shares of the utility were thrashed this week over concerns its equipment would be found responsible for the igniting the Camp Fire. The utility revealed in a filing on Tuesday that it experienced an outage in Butte County, near the area where the fire is thought to have started ー and right around the same time. [In the filing,](https://www.sec.gov/Archives/edgar/data/75488/000114036118042983/form8k.htm ) the utility provider disclosed that "the Utility could be subject to significant liability in excess of insurance coverage" if its equipment is found to be at fault. The head of a California utility regulator, however, said the company should not be allowed to enter bankruptcy when it may be on the hook for billions in liabilities, Bloomberg [reported](https://www.bloomberg.com/news/articles/2018-11-16/pg-e-soars-after-regulator-eases-concern-on-bankruptcy-risk). “It’s not good policy to have utilities unable to finance the services and infrastructure the state of California needs,” California Public Utilities Commission's Michael Picker said. “They have to have stability and economic support to get the dollars they need right now.” Picker later told [The San Francisco Chronicle](https://www.sfchronicle.com/california-wildfires/article/California-regulator-lays-groundwork-for-PG-E-13397247.php) about a possible pathway to bailout which would rely on a relatively new state law to allow PG&E to pass along some costs to customers.

Share:
More In Culture
Having a Feral Girl Summer With Spotify 2022 Summer Song Playlist
Spotify has announced its official Songs of the Summer predictions. Lea Palmieri, a Spotify trend expert and podcast host, joined Cheddar News to break down the acts who made the cut and how. “It's a mix of streaming data charts and also our global curation team," she said. "They're keeping an eye on all of the hottest music." While Harry Styles has recently topped the Spotify charts, Palmieri also addressed the "Feral Girl Summer" trend, which she described as going "moderately wild, having fun, enjoying yourself."
Recapping the 75th Annual Tony Awards
The Tony Awards made its sensational return to Radio City Music Hal for the first time since 2019. 'A Strange Loop' stole the show, winning Best Musical while Adrianna Debose hosted in the most spectacular way possible. Cheddar News was joined by Broadway Reporter Leigh Scheps to break down the 75th Annual Tony Awards.
U.S. Stocks Close at Session Lows
U.S. stocks closed Thursday at their lowest levels of the trading day, as investors continue to eye inflation ahead of the May CPI report out Friday. Art Hogan, Chief Market Strategist for National Holdings, joins Cheddar News' Closing Bell to discuss.
U.S. Stocks Close at Session Lows Following High May Inflation Data
U.S. stocks closed Friday at session lows after May CPI data showed inflation in the U.S. has not peaked and is still rising rapidly. For the week, the S&P fell 5.06%, the Dow lost 4.58%, and the Nasdaq dropped 5.60%, marking the worst week since January for all three major indexes. Mike Zigmont, Head of Trading and Research at Harvest Volatility Management, joins Cheddar News' Closing Bell to discuss.
Christie’s to Offer Rare 'Legacy of the GOAT' Michael Jordan Memorabilia
Auction house Christie's will be presenting "Legacy of the GOAT," which will include a rare Michael Jordan signed rookie card and sneakers. Caitlin Donovan, the vice president of Christie's handbags and accessories department. joined Cheddar News to discuss the special memorabilia selection for the NBA great. "He's been a global phenomenon, so he's really shaped '90s culture and streetwear culture," she said. "And we see bidders from every pocket in the world."
The Second Annual 'Catch a Clean Wave' Initiative
Kona Brewing Co., pro surfer Anna Gudauskus, and surf photographer Sarah Lee are embarking on an 1,500+ mile beach cleanup down the East Coast. Gudauskus and Lee join Cheddar News to discuss the initiative.
MLK Jr. Grandaughter Yolanda Renee King on the March For Our Lives Return to DC
March For Our Lives will be returning this weekend to Washington, DC, in the wake of the recent mass shooting seen throughout the country. Marchers include Yolanda Renee King, the only granddaughter of Martin Luther King Jr. She joined Cheddar News to discuss the importance of the march and activism in general. "I just think that it's so important to have these rallies because we need to demand to our leaders and politicians that they pass legislation and that and we actually need to see action," she said.
Load More