Live in Times Square, this is Good Morning America.

Good morning, America. I hope you're doing well today, and let's take a live look at the White House.

This morning, President Biden is going to address the nation for the first time since Donald Trump's victory.

It's also an important day for your money. The Fed expected to cut interest rates today that could help bring those credit card bills down.

But we begin with the fast-moving fire raging out of control in California.

More than 10,000 people have been forced to flee.

The blaze growing from less than half of a square mile to more than 16 square miles in just over five hours.

Motelange is on the scene in Ventura County with the latest.

Good morning, Mola.

Well, good morning, Michael.

You know, you said it this dangerously fast-moving fire,

threatening tens of thousands of homes, destroying some like this one,

this, what used to be a home, still smoldering here. You know, firefighters still

in this neighborhood putting out some hot spots. They have their hands full as this dangerously

fast-moving fire has already scorched thousands of acres of land.

Overnight, the race to rescue and evacuate residents as the fast-moving mountain fire burns multiple homes in Southern

California.

Do what you need to do to save lives.

The fire igniting early Wednesday morning near Camarillo.

Well, these fast-moving flames are threatening thousands of homes and businesses with at least

14,000 residents told to evacuate.

It's the stuff that the memories are made out of.

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