On "LA Times Today": Another day of wild market swings and high anxiety around the world, as President Donald Trump says he will not back off of his trade war. While fears of inflation and recession are growing across the globe, how will all of this impact Southern California?

Plus, the dilemma facing fire victims — hold on and try to rebuild, or sell and get out.

And finally, the miniature world that exists in Los Angeles, and why the word “diversity" shouldn't bug anyone who visits.