A wild week on Wall Street included a selloff of insurance stocks as wildfires raged in California, tough talk from President-elect Trump and companies rapidly ditching DEI policies.

The wind-driven wildfires burning out of control in the Los Angeles area couldn't have emerged at a more perilous moment for California's homeowners, as officials try to rehab what they concede is a deepening "insurance crisis.

Once the California fires are under control, Los Angeles will likely address another crisis – insurance. CBS News New York's Mahsa Saeidi reports from Altadena.

Earlier in the program, Fox News host Greg Gutfeld appeared to criticize officials who “downgraded competence for complexion and for sexual identity” while remarking on the fires, which have killed at least 10 people and burned at least 10,000 structures in the region.

The finger-pointing at diversity and inclusion efforts is part of a broader push to blame liberal policies for the perception of chaos and lawlessness in blue states.