Beach mansions along Malibu's iconic coastline were among the homes burned by the raging Palisades fire. During the two weeks of Carnival, the city fills with thousands of tourists from across ...

FOX Business Correspondent Max Gorden reports from Malibu, California, where ashen structures are seen lining the Pacific Coast after the Palisades fire ripped through the area.

Malibu surfer Matt Diamond, 35, said, "It's a lot but you know, ... (January 8) as the Palisades Fire flattened nearly everything in its path, all the way up to the ocean. ...