Los Angeles — It’s Los Angeles’ turn for the torch. Mayor Karen Bass accepted the Olympic flag at the Paris closing ceremony Sunday, before handing it off to a key representative of LA’s local business — Tom Cruise — who in a pre-recorded trek via motorcycle, plane and parachute kicked off the countdown to 2028.

The city will become the third in the world to host the games three times as it adds to the storied years of 1932 and 1984. Here’s a look forward and back in time at the Olympics in LA.

LA’s Olympic trilogy

Los Angeles got the 2028 games as a consolation prize when Paris was picked for 2024.

Back in 1932, LA hosted its first Olympics. The city was the only bidder for the games at a time marred by the Great Depression and the absence of several nations. Yet memorable sport moments came from athletes including American athlete Babe Didrikson Zaharias, who won golds in the new women’s events of javelin and hurdles.

Financial and cultural success gave 1984 a reputation as the “good” Olympics” which made seemingly every major world city want their own.

Emphasizing both the modern and the classical with a hand from Hollywood, the games opened with decathlon champion Rafer Johnson lighting the torch, a guy in a jetpack descending into the Memorial Coliseum and theme music by “Star Wars” maestro John Williams.

With Eastern Bloc countries boycotting, the U.S. dominated. Carl Lewis and Mary Lou Retton are among the athletes who became household names. A young Michael Jordan led the men’s basketball team to gold.

The games renewed, for a while, the global reputation of a city that had been perceived to be in decline.

“We want our games to be a modern games, youthful, full of the optimism that Southern California brings to the world and the globe,” Janet Evans, four-time Olympic gold medalist in swimming and chief athlete officer for the LA 2028 organizing committee, told The Associated Press in Paris.

Passing the torch

Bass, who arrives back in LA Monday, spent these games in Paris along with organizers and city officials, learning what it takes to host the world’s largest sporting event.

Joining her were LA28 Chairperson Casey Wasserman, an entertainment executive, and LA councilmember Traci Park, chair of the city Olympic committee.

“As we’ve seen here in Paris, the Olympics are an opportunity to make transformative change,” Bass said at a press conference ahead of the closing ceremony.

Venues old and new, plus a swimming stadium

Amid a stadium-and-arena boom, LA will polish existing structures rather than erect new ones.

“It’s a no-build games,” Evans said.

After Paris’ innovative opening ceremony on the Seine River, LA plans to open with a traditional, stadium-based approach at SoFi Stadium in neighboring Inglewood that also incorporates the century-old Memorial Coliseum in Los Angeles itself.

Home to two NFL teams, SoFi has hosted a Super Bowl and several Taylor Swift concerts since opening in 2020. It will become what organizers say is the largest Olympic swimming venue ever. Its opening ceremony role means swimming will come after track and field for the first time since 1972.

Intuit Dome, the soon-to-open Inglewood home of the NBA’s Clippers, would be the games’ newest major venue and is the planned home for Olympic basketball. The Lakers’ downtown Crypto.com Arena will host gymnastics.

The toxicity of swimming in the Seine became a serious issue in Paris. That could put renewed focus on the Long Beach area waterfront when it hosts marathon swimming and triathlon races. Its cleanliness history is mixed but its ocean waters got consistently high marks in a 2023 analysis by nonprofit Heal the Bay.

The Long Beach shore was home to the pre-recorded performances during Sunday’s ceremony of the Red Hot Chili Peppers, Billie Eilish, Snoop Dogg and Dr. Dre, though it was easy to mistake for LA’s Venice Beach, where the journey of the flag begun by Cruise was shown ending moments earlier.

Trains, buses and traffic

A city that’s notoriously hard to traverse may seem like an odd fit for the Olympics, but it can work.

Bass said she plans to emulate the tactics of Tom Bradley, the mayor in 1984, whose traffic mitigations had some saying it was better than at non-Olympic times. They include asking local businesses to stagger workforce hours to reduce the number of cars on the road and allow work from home during the 17-day games.

Landing the Olympics under then-Mayor Eric Garcetti in 2017 gave the city an unusually long lead time for planning.

While it’s no Paris Metro, LA has built a subway since its last Olympics, with lines running past major venues.

In 2018, the city planned an ambitious slate of 28 bus and rail projects to transform public transit. Some were scrapped but others moved forward, including the extension of a subway line to connect downtown Los Angeles with UCLA, the planned home of the Olympic Village.

Another high-profile project is the Inglewood People Mover, an automated, three-stop rail line past major Olympic venues. It initially received a commitment of $1 billion in federal funding, but opposition from Democratic Rep. Maxine Waters led to a $200 million reduction, the Los Angeles Times reported. It’s unclear whether the line will be completed by 2028.

Metro recently received $900 million in funding through an infrastructure spending package and grants from the Biden administration, of which $139 million will go directly toward improving transportation by 2028 and the goal of a “car-free” Olympics.

“The biggest challenge is not waiting to 2028, but really taking the opportunity between now and 2028 to help Angelenos and visitors alike reimagine the transportation network as something that will be their first choice,” Metro CEO Stephanie Wiggins said.

Crime, safety and perception

While crime rates were considerably higher in 1984 than today, the countdown to 2028 comes as the issue has gotten increased attention and cast a social-media-amplified shadow.

The Olympics are designated as a national special security event, which makes the U.S. Secret Service the lead agency tasked with developing a security plan, supported by significant federal resources.

LA city and county law enforcement sent officers to Paris to observe, learn and assist as they prepare for their own 2028 games.

There are many more encampments on city streets than there were in 1984, and it’s unlikely LA will have solved its homeless crisis in the next four years. As the Paris games ended, California Gov. Gavin Newsom threatened to withhold funding from cities unable to clear encampments.

Ahead of the Games in Paris, organizers relocated thousands of unhoused people, a practice also used for the 2016 Rio de Janiero games and criticized by activists as “social cleansing.”

Tourists and finances

LA is the “next logical destination” for the Olympics, said Adam Burke, president and CEO of the LA Tourism and Convention Board. “LA has emerged as really one of the world’s sports capitals.”

First though, the city will host a FIFA World Cup event and U.S. Women’s Open in 2026 and another Super Bowl in 2027.

The city’s hotel industry has continued to see growth, adding 9,000 new hotel rooms in the past four years with more to come over the next four.

LA28 organizers are banking on ticket sales, sponsorships, payments from the International Olympic Committee and other revenue streams to cover the games’ $6.9 billion budget. The committee has brought in just over $1 billion toward a goal of $2.5 billion in domestic corporate sponsorships.
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WASHINGTON — At the top of his first speech as her running mate, Minnesota Gov. Tim Walz turned to Vice President Kamala Harris and declared, “Thank you for bringing back the joy.” The next day, Harris took the theme a step further, branding the Democratic ticket “joyful warriors.”

Contrast that with former President Donald Trump, who opened a news conference at his Mar-a-Lago club in Florida a few days later by saying, “We have a lot of bad things coming up,” and predicting the U.S. could fall into an economic depression unseen since the dark days of 1929 or even another world war.

“I think that our country is, right now, in the most dangerous position it’s ever been in, from an economic standpoint, from a safety standpoint,” Trump said Thursday.

Democrats are playing up their sunnier outlook, promoting the idea that voters can be inspired to support someone and not just cast their ballot against the other side. The Trump campaign argues their candidate is reflecting the dour mood of the country and dismisses the idea that a growing contrast in tone and upbeat attitude will decide the presidency.

Two-thirds of Americans reported feeling very or somewhat pessimistic about the state of politics, according to polling by The Associated Press-NORC Center for Public Affairs Research from last month. Roughly 7 in 10 said things in the country are heading in the wrong direction.

Jason Miller, a senior adviser to the former president, said people don’t care about “vibe checks.”

“That’s not making gas or food or housing less expensive,” Miller said.

Walz promotes positivity

Still, just how hard Harris is betting on the opposite approach is evident in her decision to pick Walz, whose personal story includes being on the coaching staff of a high school football team that had gone winless just a few years earlier to clinching a state championship in 1999.

The Minnesota governor’s relentless positivity is meant to give supporters a jolt of new energy and keep the momentum that Harris has built after President Joe Biden — facing mounting pressure from within his own party and increasingly pessimistic views about his chances in November — stepped aside and endorsed his vice president.

Walz spent his first week as Harris’ running mate traveling to swing states with Harris and underscored the point during a rally in Eau Claire, Wisconsin, celebrating what he said was “the ability to talk about what can be good.”

“This idea of caring for our neighbor and kindness, and a hand up when somebody needs it. And just the sense that people go through things and to be able to be there when they need it, that’s who we are,” he said. “It’s not about mocking. It’s not name-calling.”

Biden often ended his speeches saying he’d never been more optimistic. But he built his now-shuttered reelection bid around branding Trump an existential threat to democracy. The president offered dire predictions about the former president, suggesting he’d dismantle the nation’s founding principles should he retake the White House.

Harris’ campaign still relies on many of the same themes, decrying Trump as a threat to democracy, warning that he’ll impose draconian limits to abortion and voting and that he will follow Project 2025, a plan championed by top conservatives to remake large swaths of the federal government.

And despite Walz insisting that smiles were more powerful than insults, he and Harris have continued their share of denunciations, decrying Trump’s conviction in New York on 34 felony counts in a hush-money case and his being found liable for fraudulent business practices and sexual abuse in civil court.

Still, even before she named Walz her running mate, Harris was suggesting that she could help make politics fun again.

“We love our country. And I believe it is the highest form of patriotism to fight for the ideals of our country,” Harris declared in campaign speeches before picking Walz. She now tells crowds that she and her running mate “both believe in lifting people up, not knocking them down.”

Paula Montagna, who went to see Harris and Walz at a rally outside Detroit last week, highlighted the shift in messaging since Harris took over from Biden.

“Kamala is so positive, and it’s nice to hear positive instead of negative,” Montagna said.

Trump team says their candidate is reflecting reality

Trump’s senior campaign advisers counter that the mood of the country right now is sour over the economy, the state of the U.S.-Mexico border and turmoil in the Middle East and beyond. They see their candidate as reflecting that reality rather than what they believe is a temporary exuberance igniting the Democratic base after months of discouragement over their ticket.

Trump has tried to harness that with his repeated predictions of stock market crashes and war. His campaign appearances have included a long list of other warnings that have veered into the apocalyptic, saying that if he’s not elected, “we’re not going to have a country anymore,” that “the only thing standing between you and its obliteration is me,” and that under a Harris administration, “Social Security will buckle and collapse” and “the suburbs will be overrun with violent crime and savage foreign gangs.”

During his Republican National Convention speech last month, where his advisers said Trump would seem changed and more personal after surviving an attempted assassination, the former president did strike a different tone — at least to start.

He said early on that he had “a message of confidence, strength and hope” and sought to “launch a new era of safety, prosperity and freedom for citizens of every race, religion, color and creed.”

But by the end, Trump had returned to predictions of doom, twice warning, “Bad things are going to happen.”

Ohio Sen. JD Vance, Trump’s running mate, has drawn a sharp contrast with Walz. Vance has been cheered on the right for being an aggressive fighter on behalf of the former president, particularly when engaging with reporters.

“Right now, I am angry about what Kamala Harris has done to this country and done to the American southern border,” Vance said at a campaign stop in Michigan. “And I think most people in our country, they can be happy-go-lucky sometimes, they can enjoy things sometimes, and they can turn on the news and recognize that what’s going on in this country is a disgrace.”

Senate Republican Leader Mitch McConnell, not himself known for a sunny disposition, offered much the same assessment Friday at a conservative conference in Atlanta hosted by radio host Erick Erickson.

“The country is obviously in a bad mood,” McConnell said.

Trump supporters waiting to see him at a rally in Bozeman, Montana, said they felt the former president’s campaign made them feel positive — even if his message often isn’t.

“Just looking at the state of the country now, I don’t think Kamala Harris’ campaign is one of joy and hope. I think that’s Trump’s campaign,” said Alex Lustig, a 23-year-old from Billings, Montana.

Fred Scarlett, a 63-year-old retiree from Condon, Montana, said that “everyone understands that we need to be here to support Trump because he has never let us down.”

“They shoot at him,” Scarlett said, “and he still keeps firing back.”
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New York — A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. 

Following months of placid trading, U.S. stock volatility has surged this month as a run of alarming data coincided with the unwinding of a massive, yen-fueled carry trade to deal equities their worst selloff of the year. The S&P 500 .SPX is still down around 6% from a record high set last month, even after making up ground in a series of rallies after Monday’s crushing selloff.  

At issue for many investors is the trajectory of the U.S. economy. After months of betting on an economic soft landing, investors rushed to price in the risk of a more severe downturn, following weaker-than-expected manufacturing and employment data last week.  

“Everybody is now worried about the economy,” said Bob Kalman, a portfolio manager at Miramar Capital. “We are moving away from the greed portion of the program and now the market is facing the fear of significant geopolitical risks, a hotly contested election and volatility that is not going away.”  

Though stocks have rallied in recent days, traders believe it will be a while before calm returns to markets. Indeed, the historical behavior of the Cboe Volatility Index .VIX – which saw its biggest one-day jump ever on Monday – shows that surges of volatility usually take months to dissipate.  

Known as Wall Street’s fear gauge, the index measures demand for options protection from market swings. When it closes above 35 – an elevated level that it topped on Monday – the index has taken 170 sessions on average to return to 17.6, its long-term median and a level associated with far less extreme investor anxiety, a Reuters analysis showed.  

One potential flashpoint will be when the U.S. reports consumer price data on Wednesday. Signs that inflation is dropping too steeply could bolster fears that the Federal Reserve has sent the economy into a tailspin by leaving interest rates elevated for too long, contributing to market turbulence.  

For now, futures markets are pricing in a 55% chance the central bank will bring down benchmark interest rates by 50 basis points in September, at its next policy meeting, compared with a roughly 5% chance seen a month ago.  

“Slower payroll growth reinforces that U.S. economic risks are becoming more two-sided as inflation cools and activity slows,” said Oscar Munoz, chief U.S. macro strategist at TD Securities, in a recent note.  

Corporate earnings, meanwhile, have been neither strong enough nor weak enough to give the market direction, said Charles Lemonides, head of hedge fund ValueWorks LLC.  

Overall, companies in the S&P 500 have reported second-quarter results that are 4.1% above expectations, in line with the long-term average of 4.2% above expectations, according to LSEG data.  

Walmart WMT.N and Home Depot HD.N are among companies reporting earnings next week, with their results seen as offering a snapshot on how U.S. consumers are holding up after months of elevated interest rates.  

The end of the month brings earnings from chip giant Nvidia NVDA.O, whose shares are up around 110% this year even after a recent selloff. The Fed’s annual Jackson Hole gathering, set for Aug. 22-24, will give policymakers another chance to fine tune their monetary policy message before their September meeting.  

Lemonides believes the recent volatility is a healthy correction during an otherwise strong bull market, and he initiated a position in Amazon.com AMZN.O to take advantage of its weakness.  

The U.S. presidential race is also likely to ramp up uncertainty. 

  

Democrat Kamala Harris leads Republican Donald Trump 42% to 37% in the race for the Nov. 5 presidential election, according to an Ipsos poll published on Thursday. Harris, the vice president, entered the race on July 21 when President Joe Biden folded his campaign following a disastrous debate performance on June 27 against Trump.  

With nearly three months until the Nov. 5 vote, investors are braced for plenty of additional twists and turns in an election year that has already been one of the most dramatic in recent memory.  

“While early events suggested a clearer picture of US Presidential and Congressional outcomes, more recent events have again thrown the outcome into doubt,” analysts at JPMorgan wrote.  

Chris Marangi, co-chief investment officer of value at Gabelli Funds, believes the election will add to market volatility. At the same time, expected rate cuts in September could boost a rotation into areas of the market that have lagged in a year that has been dominated by Big Tech, he said.  

“We expect increased volatility into the election but the underlying rotation to continue as lower rates offset economic weakness,” he said. 
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Paris — U.S. Olympic officials say they will appeal a court ruling that resulted in American gymnast Jordan Chiles being asked to return the bronze medal she won in the Paris Olympics floor exercise. 

The Court of Arbitration for Sport (CAS) voided an on-floor appeal by Chiles’ coach that vaulted her to third, saying the appeal came 4 seconds beyond the 1-minute time limit for scoring inquiries. 

The International Gymnastics Federation (FIG) said Saturday night it would respect the court’s decision and elevate Barbosu to third. The International Olympic Committee confirmed the ruling Sunday, announcing that it was reallocating the bronze from last Monday’s women’s floor final to Romanian Ana Barbosu. 

“We firmly believe that Jordan rightfully earned the bronze medal, and there were critical errors in both the initial scoring by the International Gymnastics Federation (FIG) and the subsequent CAS appeal process that need to be addressed,” the U.S. Olympic and Paralympic Committee statement said. 

CAS ruled Saturday that Team USA coach Cecile Landi’s appeal to have 0.1 added to Chiles’ score came outside the 1-minute window allowed by the FIG. The ad hoc committee wrote that Landi’s inquiry came 1 minute, 4 seconds after Chiles’ initial score was posted. 

The IOC said in a statement it will be in touch with the USOPC regarding the return of Chiles’ bronze and will work with the Romanian Olympic Committee to discuss a reallocation ceremony honoring Barbosu. 

“The initial error occurred in the scoring by FIG, and the second error was during the CAS appeal process, where the USOPC was not given adequate time or notice to effectively challenge the decision,” said the USOPC statement, which was released Sunday. 

It was unclear the exact process the appeal would take first. The two potential places the USOPC could take the appeal would be to Switzerland’s highest court, the Swiss Tribunal or the European Court of Human Rights. 

CAS wrote Saturday that the initial finishing order should be restored, with Barbosu third, Romanian Sabrina Maneca-Voinea fourth and Chiles fifth. The organization added the FIG should determine the final ranking “in accordance with the above decision,” but left it up to the federation to decide who would get the medal behind gold winner Rebeca Andrade of Brazil and silver medalist Simone Biles of the U.S. 

The FIG said it was the IOC’s call on whether to reallocate the medal. The IOC confirmed Sunday it would respect FIG’s decision and seek to have Chiles’ medal returned. 

The rapid turn of events adds another layer to what has been a difficult few days for all three athletes. 

Romanian gymnastics legend and 1976 Olympic champion Nadia Comaneci feared for Barbosu’s mental health because of the wrenching sequence in which she went from bronze medalist to fourth-place finisher. 

“I can’t believe we play with athletes mental health and emotions like this… let’s protect them,” Comaneci posted on X earlier in the week. 

Comaneci, at the same time, criticized the judges for the way they scored Maneca-Voinea’s routine — the gymnast was docked 0.1 points for stepping out of bounds, but viral replays showed she narrowly stayed inbounds. Comaneci urged the Romanian Olympic Committee to protest, which it did, but CAS denied that appeal. 

Chiles hinted at the decision in an Instagram story on Saturday, indicating she is heartbroken and is “taking this time and removing myself from social media for my mental health, thank you.” 

Jazmin Chiles, Jordan’s sister, said on Instagram that Chiles was stripped of a medal “not because she wasn’t good enough. But because the judges failed to give her difficulty and forced an inquiry to be made.” 

U.S. teammates offered support to Chiles, a two-time Olympian. 

“Sending you so much love Jordan,” American star Simone Biles posted on Instagram. “Keep your chin up ‘Olympic champ’ we love you.” 

“All this talk about the athlete, what about the judges?” six-time Olympic medalist Sunisa Lee added on Instagram. “Completely unacceptable, this is awful and I’m gutted for jordan.” 

USA Gymnastics said in a statement on Saturday it is “devastated” by the ruling. 

“The inquiry into the Difficulty Value of Jordan Chiles’ floor exercise routine was filed in good faith and, we believed, in accordance with FIG rules to ensure accurate scoring,” the organization wrote. 

Barbosu and Maneca-Voinea were left outside the medals in the floor final after finishing with matching scores of 13.700. Barbosu thought she had won bronze over Maneca-Voinea via a tiebreaker — a higher execution score — and began celebrating with a Romanian flag. 

Chiles was the last athlete to compete and initially given a score of 13.666 that placed her fifth, right behind Maneca-Voinea. Landi called for an inquiry on Chiles’ score was announced. 

“At this point, we had nothing to lose, so I was like ‘We’re just going to try,'” Landi said after the awards ceremony. “I honestly didn’t think it was going to happen, but when I heard her scream, I turned around and was like ‘What?'” 

Judges awarded the appeal, leapfrogging Chiles past Barbosu and Maneca-Voinea. 

Barbosu made it a point after returning home to Romania that she had no problem with Chiles. 

“I only want for everybody to be fair, we don’t want to start picking on other athletes of any nationality,” Barbosu told reporters. “We as athletes don’t deserve something like that, we only want to perform as best as we can and to be rewarded based on our performance. The problems lie with the judges, with their calculations and decisions.” 

Chiles’ mother, Gina Chiles, called out the critics in a post, writing she was “tired” of the derogatory comments being leveled at Jordan. 

“My daughter is a highly decorated Olympian with the biggest heart and a level of sportsmanship that is unmatched,” Gina Chiles posted. “And she’s being called disgusting things.” 

The uncertainty also tinges what had been a beautiful moment on the medal stand, when Chiles and Biles knelt to honor Andrade after the Brazilian star won her fourth medal in Paris. 

“It was just the right thing to do,” Biles said about a moment that soon went viral, with even the Louvre itself suggesting it might be worthy enough for a spot somewhere in the vicinity of the Mona Lisa. 

That memory now carries a complicated and emotional postscript. 
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