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Mortgage rates rose sharply after three weeks of easing

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Mortgage rates rose sharply this week, after pulling back over the last three weeks.

The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury, CNBC.

Mortgage rates, which are much higher than they were at the beginning of the year, have slammed the brakes on the red-hot housing market over the past few weeks. Realtors are reporting lower sales, and mortgage demand to purchase a home is also dropping.  

While both home sales and mortgage demand are falling, home prices are still rising fast. Prices usually lag sales by about six months, but the rare dynamics in the market today – strong demand and very low supply – are still keeping prices high.

The National Association of Realtors’ chief economist, Lawrence Yun, did say on CNBC’s Power Lunch Monday, “It’s just inevitable that home price appreciation will slow down in the upcoming months.”

The average rate on the popular 30-year fixed loan ended last week at 5.25%. The average rate on the popular 30-year fixed loan ended last week at 5.25%. The last high, three weeks ago, was 5.67%, but the rate dropped as the stock market sold off and bond yields fell.

The jump Tuesday was likely due to data released from the U.S. Manufacturing Index.

“The uptick in the manufacturing index suggests the economy isn’t slamming on the brakes very quickly,” wrote Matthew Graham, COO of Mortgage News Daily on the site.

Biden announces new $700 million weapons package for Ukraine

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U.S. President Joe Biden announced on Wednesday a new $700 million weapons package for Ukraine that will include high mobility artillery rocket systems, which can accurately hit targets as far away as 80 km (50 miles).

Thousands of people have been killed in Ukraine and millions more displaced since the Russian invasion on Feb. 24, which Moscow calls a special military operation to disarm and “denazify” Ukraine, according to Rueters.

As the United States and its allies provide Ukraine with increasingly sophisticated arms, Washington has held discussions with Kyiv about the danger of escalation if it strikes deep inside Russia, U.S. and diplomatic officials have told Reuters.

“The United States will stand with our Ukrainian partners and continue to provide Ukraine with weapons and equipment to defend itself,” Biden said in a statement.

Biden announced the plan to give Ukraine precision HIMARS rocket systems after receiving assurances from Kyiv that it would not use them to hit targets inside Russian territory. Biden imposed the condition to try to avoid escalating the Ukraine war.

“The Ukrainians have given us assurances that they will not use these systems against targets on Russian territory,” Secretary of State Antony Blinken said at an appearance with NATO Secretary-General Jens Stoltenberg.

A senior Defense Department official, briefing reporters at the Pentagon, said the United States would send four HIMARS systems to Ukraine initially.

It will take about three weeks to train Ukranian forces on the use of the new systems, the official said.

“No system is going to turn the war. This is a battle of national will … It is a grinding, hard conflict,” Colin Kahl, under secretary of defense for policy, told reporters.

In a New York Times opinion article published on Tuesday, Biden said the new weapons package will help Ukraine on the battlefield “and be in the strongest possible position at the negotiating table.”

Ukraine has been seeking Multiple Rocket Launch Systems (MLRS) such as the M270 and M142 HIMARS – both made by Lockheed Martin (LMT.N) – to provide more firepower at longer range to hit Russian troop concentrations and weapons stockpiles at Russia’s rear.

Kahl said the Pentagon held back from providing these weapons after determining the shorter range rockets should suffice.

“We don’t assess that they need systems that range out hundreds and hundreds of kilometers for the current fight,” he said.

The longer range rockets Ukraine was seeking could have had a 300-mile range – well beyond howitzer rounds. The rockets that the Biden administration has agreed to have a shorter range than the Soviet-era rockets which Ukraine currently has in short supply.

Jonathan Finer, deputy White House national security adviser, said earlier that Washington believed the HIMARS system will meet Kyiv’s needs.

“This is a defensive conflict that the Ukrainians are waging. Russian forces are on their territory,” Finer said in an interview with CNN.

There are significant targets Ukrainians cannot reach with the weapons they currently have, Finer said, and the rocket system will make a big difference in the conflict in the southeast of the country, where Russian forces are currently focused.

Beside the rockets, the new package includes ammunition, counter fire radars, a number of air surveillance radars, additional Javelin anti-tank missiles, as well as anti-armor weapons, officials said. read more

“Thank you allies. Let’s defeat Russia together,” tweeted Andriy Yermak, chief of staff to Ukrainian President Volodymyr Zelenskiy, shortly after Biden’s announcement.

Russia said the United States was adding fuel to the fire by supplying Ukraine with advanced rockets. Finer said Biden had warned Russian President Vladimir Putin directly, and publicly, what the consequences of any Ukraine invasion would be.

“We are doing exactly what we said we would do,” Finer said. “Russia has brought this on itself by launching an invasion into a sovereign country from its territory.”

Unprecedented water restrictions hit Southern California today

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Get ready for short showers and brown lawns: More than 6 million Southern Californians will be placed under new drought rules today in an unprecedented effort to conserve water.

More than 97% of the state is now under severe, extreme or exceptional drought, according to the U.S. Drought Monitor. Many of the region’s most critical reservoirs are at half capacity or less.

The restrictions are a response to the Metropolitan Water District of Southern California’s urgent call for a 35% reduction in water use following California’s driest-ever start to the year. MWD’s board has never before issued such severe cuts, but said they were left with little recourse after state officials slashed deliveries from the State Water Project to just 5%, reported by LA TIMES.

“We have not had the supply to meet the normal demands that we have, and now we need to prioritize between watering our lawns and having water for our children and our grandchildren and livelihood and health,” MWD General Manager Adel Hagekhalil said during the agency’s announcement at the end of April.

As a wholesaler, MWD has aimed its cuts at parts of Los Angeles, Ventura and San Bernardino counties that are dependent on supplies from the State Water Project, a vast network of canals, pipelines, reservoirs and pumping facilities that transport water from Northern California rivers to farmlands and cities to the south.

Six agencies that receive water from MWD will be affected by the rules: the Los Angeles Department of Water and Power, the Inland Empire Utilities Agency, the Las Virgenes Municipal Water District, Calleguas Municipal Water District, Three Valleys Municipal Water District and Upper San Gabriel Valley Municipal Water District.

Several of those agencies are themselves wholesalers that provide water to dozens of smaller regional suppliers.

Areas that get water from another major source in the region, the Colorado River, have been spared for now, although officials have warned that it is also reaching critical lows.

Each agency is taking a slightly different approach to achieving the required reduction, meaning there is a patchwork of rules across the region. Most are focusing their restrictions on outdoor watering since it accounts for roughly half of all urban water use.

MWD’s largest member agency, LADWP, is limiting its entire service area — that is, nearly everyone in the city of L.A. — to two-day-a-week watering at only 8 minutes per station per day, or two 15 minute-cycles per watering day for sprinklers with water-conserving nozzles.

Residents will be assigned watering days based on their addresses: Monday and Friday for odd addresses and Thursday and Sunday for even ones. No watering will be allowed between 9 a.m. and 4 p.m. regardless of the watering days.

Those who don’t comply with the new rules will receive a warning, followed by escalating fines for each subsequent violation, officials said. LADWP will ramp up patrols to look for people violating rules or wasting water.

Some agencies, including the Las Virgenes Municipal Water District, are going a step further and opting for one-day-a-week watering limits. That agency provides water to about 75,000 residents in Calabasas, Agoura Hills, Hidden Hills and Westlake Village.

Others, including the Inland Empire Utilities Agency and the Ventura-based Calleguas Municipal Water District, both wholesalers, are tapping each of their member agencies to institute the best plans for their areas. Some will go to one-day-a-week watering, while others are sticking to volumetric allocations based on available supplies, officials said.

The West Basin Municipal Water District, which supplies water to residents in areas including Culver City, El Segundo, Inglewood and Palos Verdes Estates and Malibu, is also calling for two-day-a-week watering limits across its service area.

CDC discovers state’s first monkey chickenpox…

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Appeared in many men associated with travel
Global threat from indigenous African diseases
Smallpox vaccine used as a treatment

The Georgia Department of Health has announced the first likely case of monkeypox in Georgia.

The GDPH said the suspected case is in a metro Atlanta man who has a history of international travel. The man has tested positive for the orthopoxvirus, which is associated with smallpox and monkeypox.

The Centers for Disease Control and Prevention is conducting confirmatory testing to determine if the virus is monkeypox.

In the meantime, the man is being monitored and officials are doing contact tracing.

Symptoms of monkey chickenpox (pox) include fever, headache, back pain, muscle pain, and low energy, and may cause rashes and lesions on the face or genitals. The disease can be fatal in up to 11% of infected people.

There is no known cure for the virus, but smallpox vaccines and antiviral treatments can be used to control the outbreak, and health officials are also saying monkey chickenpox is much less contagious than coronavirus and poses a lower risk to the public.

Many cases have been travel-related and have occurred in men, and the disease is endemic to Africa and has not previously triggered widespread outbreaks beyond the continent .

[Video] “Sold out!” BTS White House appearance for Anti Asian Hate

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Three times the usual number of reporters in the press room… Reporters are also curious about their photos and videos

As BTS started speaking, the number of concurrent users increased exponentially… Fans cheering outside

On the 31st, an unusual scene was produced in the briefing room of the White House in the United States, where serious and sober questions and answers are usually exchanged.

World-class K-pop star BTS, President Joe Biden to discuss ‘Anti Asian Hate Crime Response Plan’ on the last day of ‘AANHPI Heritage Month’ in the US It was a ‘surprise visit’ to the press room before the interview.

When BTS opened the press room door with spokesperson Karine Jean-Pierre and appeared with a slightly tense expression, the reporters did not react much and the atmosphere was calmer than expected.

However, as the BTS members began to speak one by one, most reporters all at once took out their cell phones and took pictures or videotaped them. Some reporters immediately posted it on their social media.Photographers and camera reporters placed behind the briefing room shouted “Phone Down, Phone Down” one after another.

It was an urgent appeal to put down the cell phone as it interfered with the filming composition.

However, many of them showed great interest in the world-famous stars who continued to bring their cell phones to the press room, ignoring these demands.

On that day, the press room was literally full with no space to walk.

After most of the reserved seats were filled, about 100 reporters from Korea and Japan as well as other foreign media stood around the seats and waited for BTS to enter.

There are 49 seats in the White House briefing room, 7 rows by 7 rows.

Considering that reporters usually gather around this seat, it means that about three times as many reporters are gathered on this day.

A White House official asked for cooperation that the entrance and exit aisles should always be left empty for people to pass through, but it was not properly observed due to the large number of people.

Former President Trump often visits the briefing room and talks with reporters for close to two hours at lengthy questions and answers, so the reporters often form a tantrum.

A videographer said, “I’ve never seen a briefing room so crowded.”

It was not only the press room that was unusual. The White House broadcasts the briefing live on its YouTube channel, but the number of concurrent users exceeded 300,000 at one time as BTS fans flocked to it.

At 2:20 pm, before the briefing began, the number exceeded 90,000, and by 30 minutes, the predicted time, it surpassed 170,000.

Eventually, at 2:37 pm, when BTS came to the briefing room later than originally planned and started speaking, the number of simultaneous users increased exponentially, exceeding 300,000.

A White House reporter made a surprising expression, saying, “I didn’t expect so many people to log in.” Some even said that they did not know whether it was breaking the record of concurrent concurrent users at the White House.

After the BTS turn, when Brian Deese, chairman of the National Economic Committee (NEC) of the White House, which was the next briefing turn, grabbed the microphone, reporters began to leave their seats one by one, and the number of simultaneous users decreased sharply.

Chairman Deese smiled shyly and joked, “I should go home today and tell the children that BTS did the opening for my briefing.”

A reporter saw the scene in the press room before BTS appeared and joked, “Did Chairman Deese become this popular?”

Even outside the White House, more than 200 BTS fans gathered and cheered passionately while shouting BTS with an iron fence in between. He was also seen wearing a purple mask and bandana, the symbol of BTS.

Fan Khazar Bergei said, “BTS deals with racism through music every day and helps to actively convey the message. “It’s something other artists don’t do well,” he said. “BTS is sending a message to spread love and unity through music.”

Anu Bisworth said, “It’s amazing that we can all be together through music. BTS brings more love to all of us.”

BTS in a neat black suit stayed in the briefing room for about 6 minutes. Except for the leader RM, the remaining six members took turns in Korean, one by one, emphasizing the eradication of hate crimes in Asia. Of course, English translation continued after the remarks were finished.

An official from Hive, BTS’ agency, said, “I’m Korean, so I spoke in Korean.” “There was no request from the White House.”

After the prepared remarks were finished, BTS left the briefing room without answering questions such as ‘Why did you come to the White House’ and ‘Why are you wearing a black suit?’

It is known that BTS toured the White House before meeting President Biden and filmed a related video.

BTS, who arrived in the US on the 29th, will finish their short trip to the US and return home on the 1st of June.

<from Yunhap coverage, translated by Eugene Lee>

WATCH THEM

“Life’s Roller Coaster” $10 million lottery winner sentenced to life in prison…

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Lottery-winner North Carolina man charged with killing woman in hotel

A North Carolina man who won a $10 million lottery ticket in 2017 has been sentenced to life in prison without parole for the shooting of his girlfriend in 2020.

According to local media, Michael Tod Hill(54) of Leland, North Carolina, was sentenced to life in prison on Friday for first-degree murder in the murder of 23-year-old Kenna Graham from Navassa. 

Graham was reported missing on July 20, 2020, and was later found dead at a hotel with a gunshot wound to the back of the head.

In a press release from the 15th District Attorney’s Office in North Carolina, prosecutors said surveillance footage from the hotel showed Hill was the only person in the room with Graham.

They said Hill later confessed to shooting Graham after texting other men while he was at the hotel.

Hill won the $10 million lottery in a scratch-off ticket in August 2017.

<By Eugene Lee>

“Deep appreciated” Consulate General, handed over Peace medals to 38 Korean War veterans.

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Tony Schon, left, a resident of Leesburg and a Korean War veteran who served in the U.S. Air Force from 1951-55, stands beside Congressman Daniel Webster, center, and shakes hands with John McWaters, a resident of the Village of Bonnybrook and a Korean War veteran who served in the U.S. Army, after being awarded an Ambassador for Peace Medal during a ceremony at American Legion Post 347. (Photo = Florida Daily Sun)

Consul Choi Jong-hee, Consulate General of Korea in Atlanta visited Lady Lake, Florida on the afternoon of the 25th (Wednesday) and delivered the Apostle of Peace Medal to a total of 38 Korean War veterans, and expressed gratitude and respect from the Korean government to the veterans.

On this day, veterans’ families received medals on behalf of veterans who could not attend the ceremony due to health or other reasons, or who had already passed away.

The Daily Sun, a local media outlet, reported that “the medal is a token of appreciation from the Korean government to the American veterans who served during the war.”

<By Eugene Lee>

Photo = Consulate General of Korea in Atlanta
Photo = Consulate General of Korea in Atlanta

South Korea is betting on the metaverse

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The shape that the metaverse will take is still unknown, but South Korea is betting on the fledgling industry as the next big thing.

As part of its Digital New Deal, a program for investing in new technologies in the country’s economy, the Ministry of Science and Information and Communication Technologies plans to kickstart the metaverse industry in South Korea by supporting companies and creating jobs.

Minister of Science and ICT Lim Hyesook called the metaverse “an uncharted digital continent with indefinite potential,” with the government earmarking 223.7 billion won ($177.1 million) for the endeavor, reported by CNBC.

On the city level, Seoul’s metropolitan government is building a 3.9 billion-won metaverse platform to allow citizens to access public services virtually.

The metaverse, which has drawn hype in the last year, refers to technologies like virtual reality and the idea that people may be playing and living in virtual worlds. It has been touted as the next frontier in technology services, especially since Facebook rebranded itself as Meta and committed to developing a metaverse-focused future.

That all fits into the concept of Web3, a broad church encompassing the metaverse, virtual reality, augmented reality and blockchain technology, as well as digital assets like cryptocurrency and non-fungible tokens (NFTs).

South Korea’s investment of around $177.1 million is among the first investments in the nascent industry to be made by a national government and is a cautious first step into the metaverse.

It signals an interest in a technology that could take center stage in the coming years — and it could provide a blueprint for others to follow.

“It’s interesting, it’s predominantly a private sector and Big Tech-driven initiative and trend. Governments have not done much beyond South Korea,” Yugal Joshi, a partner at research firm Everest Group, told CNBC.

Other government bodies in Asia are taking notice, too. Shanghai’s authorities have been encouraging public services to be built with the metaverse in mind, as previously reported by CNBC.

“Some things are happening in bits and pieces but I believe this does tell you that governments are starting to take this more seriously because it’s a platform where people come together. Anything which makes people come together, it makes governments interested.”

Joshi said that in China, tech giants like Tencent and Alibaba have shown a keen eye for developing metaverse products, with the latter recently investing in an AR glasses start-up.

He added that metaverse activity in Asia, much like the rest of the world, is still in its infancy, as companies invest time and money in finding the first major winning application.

Despite the growing interest and South Korea’s plans, no country has emerged with a clear first mover advantage, he said.

“How governments will use it is still undecided because the entire ecosystem is still undecided. It is still being built.”

How metaverse technologies will gel with existing regulations is therefore among many questions that governments and policymakers will have to grapple with in the coming years.

For example, NFTs, a critical component of many metaverse developments, remain in a legal gray area in South Korea and are not subject to the same rules as cryptocurrencies.

A spokesperson for the Ministry of Science and ICT declined to comment beyond its public statements.

But, for now, the adoption of NFTs or crypto in the country hasn’t been curtailed, and big names are getting in on the trend.

BTS, the record-breaking K-pop group, announced an NFT project late last year. Despite some backlash from fans over environmental concerns — NFTs and cryptocurrencies require a lot of computing power — the project is moving ahead.

Meanwhile, LG Electronics, the Korean tech giant, launched a blockchain and cryptocurrency division earlier this year.

Meta envisions a metaverse in which people socialize in digital worlds through avatars. But a novel digital experience brings with it old problems, too. Questions of privacy, security, safety and illegal activity will be challenges for such platforms and the authorities that oversee them.

Those are among the myriad issues that South Korea and other governments will have to address when venturing into the metaverse, whether it’s using the technology to improve citizen engagement, or in deciding the role they will play as regulators of a rapidly expanding technology.

In light of this, South Korea plans to create a body that brings together different ministries to monitor issues like data protection, illegal behavior and intellectual property protection.

But collaboration across different authorities may be necessary if the metaverse becomes as ubiquitous as its proponents hope.

The Institute of Engineering and Technology, a U.K.-based organization, published a report in April which outlined its concerns around abusive or illegal content in the metaverse. Children are at risk, it said, citing a survey that found two-thirds of parents don’t understand how the metaverse works or what content their children are accessing.

“Nobody is thinking about it meaningfully, which is unfortunate because it’s actually very important but that has happened in social media as well,” Joshi said.

He added that there are a lot of companies jumping on the metaverse “bandwagon” without examining these particular risks.

“I haven’t come across many areas where vendors are building these platforms or even enterprises that are really thinking about these things.”

Biden to meet Fed chair as inflation bites pocketbooks

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 President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.

The meeting Tuesday will be the first since Biden renominated Powell to lead the central bank and comes weeks after his confirmation for a second term by the Senate, according to AP.

Biden, in his op-ed, signaled that the record-setting pace of job creation in the aftermath of the pandemic would slow dramatically, suggesting more moderate levels of 150,000 jobs per month from 500,000. He said “it will be a sign that we are successfully moving into the next phase of recovery—as this kind of job growth is consistent with a low unemployment rate and a healthy economy.”

Ahead of the meeting Biden pledged not to interfere in the Fed’s decision-making, but suggested that he and Powell are aligned on addressing inflation.

“My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation,” Biden wrote. “I won’t do this. I have appointed highly qualified people from both parties to lead that institution. I agree with their assessment that fighting inflation is our top economic challenge right now.”

The White House said the pair would discuss the state of the U.S. and global economy and especially inflation.

“The most important thing we can do now to transition from rapid recovery to stable, steady growth is to bring inflation down,” Biden said in an op-ed posted Monday by The Wall Street Journal. “That is why I have made tackling inflation my top economic priority.”

Inflation in the U.S. hit a 40-year high earlier this year, amid supply chain constraints caused by the global economy’s recovery from the pandemic and Russia’s invasion of Ukraine.

But the economy saw a welcome bit of data Friday, as the Commerce Department said inflation rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high prices may finally be moderating, at least for now.

The inflation figure was below the four-decade high of 6.6% set in March. While high inflation is still causing hardships for millions of households, any slowing of price increases, if sustained, would provide some modest relief.

Powell has pledged to keep ratcheting up the Fed’s key short-term interest rate to cool the economy until inflation is “coming down in a clear and convincing way.” Those rate hikes have spurred fears that the Fed, in its drive to slow borrowing and spending, may push the economy into a recession. That concern has caused sharp drops in stock prices in the past two months, though markets rallied last week.

Powell has signaled that the Fed will likely raise its benchmark rate by a half-point in both June and July — twice the size of the usual rate increase.

Uvalde grieves, says goodbyes at visitations, funerals

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 It should have been the first day of a joyous week for Robb Elementary School students — the start of summer break. Instead, the first two of 19 children slain inside a classroom were being remembered at funeral visitations.

The gathering for 10-year-old Amerie Jo Garza was at Hillcrest Memorial Funeral Home on Monday in Uvalde, Texas, directly across from the grade school where the children, along with two teachers, were shot to death last week before the gunman himself was killed. Visitation for another 10-year-old, Maite Rodriguez, was at the town’s other funeral home, according to AP.

Over the next two-and-a-half traumatic weeks, people in the southwestern Texas town will say goodbye to the children and their teachers, one heart-wrenching visitation, funeral and burial after another. As family and friends unleash their grief, investigators will push for answers about how police responded to the May 24 shooting, and lawmakers have said they’ll consider what can be done to stem the gun violence permeating the nation.

This week alone, funerals are planned for 11 children and teacher Irma Garcia.

A bipartisan group of senators talked over the weekend to see if they could reach even a modest compromise on gun safety legislation. Encouraging state “red flag” laws to keep guns away from those with mental health issues, and addressing school security and mental health resources were on the table, said Sen. Chris Murphy, who is leading the effort.

The group will meet again this week under a 10-day deadline to strike a deal.

On Monday, some mourners at Amerie’s visitation wore lilac or lavender shades of purple — Amerie’s favorites — at the request of her father, Angel Garza. Many carried in flowers, including purple ones.

The little girl who loved to draw had just received a cellphone for her 10th birthday. One of her friends told Angel Garza that Amerie tried to use the phone to call police during the assault on her fourth-grade classroom.

Among the mourners at Amerie’s visitation were some of Maite’s relatives. Like many people, they were attending both.

Maite’s family wore green tie-dye shirts with an illustration showing Maite with angel wings. Before going into the funeral home, they stopped at the ditch to see the metal gate gunman Salvador Ramos crashed a pickup truck into before crossing a field and entering the school.

“How did he walk for so long?” asked Juana Magaña, Maite’s aunt.

Hillcrest Memorial itself and the shooting will be forever linked. After Ramos wrecked the truck, two men at the funeral home heard the crash and ran toward the accident scene. Ramos shot at them. He missed and both men made it to safety.

Eliahna “Ellie” Garcia’s funeral will be June 6 — the day after she was supposed to turn 10. Her family had been preparing a big birthday bash at her grandmother’s house this coming weekend. She had been hoping to receive gifts related to the Disney movie “Encanto.”

“She loved that movie and talked a lot about it,” said her aunt, Siria Arizmendi.

Ellie was quiet even around family but loved doing videos and had been already practicing with her older sister a choreography for her quinceañera party — the celebration of a girl’s 15th birthday — even though it was still five years away, Arizmendi said.

Ellie’s older sister is doing OK, Arizmendi said, understanding their family and others face a long road to recovery.

“It is just sad for all the children,” she said.

Funeral directors, embalmers and others from across Texas arrived to help. Jimmy Lucas, president of the Texas Funeral Directors Association, brought a hearse and volunteered to work as a driver, pitch in for services, or do whatever he could, he told NBC News. Other arriving morticians were there to help with facial reconstruction services given the damage caused by the shooter’s military-style rifle.

Gov. Greg Abbott, speaking at a Memorial Day event in Longview, urged Texans to keep Uvalde in their prayers.

“What happened in Uvalde was a horrific act of evil,” Abbott said. “And as Texans, we must come together and lift up Uvalde and support them in every way that we possibly can. It is going to take time to heal the devastation that the families there have gone through and are going through, But be assured, we will not relent until Uvalde recovers.”

The U.S. Department of Justice announced Sunday a review of the law enforcement response. Police have come under heavy criticism for taking well over an hour to kill Ramos inside the adjoining classrooms where he unleashed carnage.

Officials revealed Friday that students and teachers repeatedly begged 911 operators for help as a police commander told more than a dozen officers to wait in a hallway. Officials said the commander believed the suspect was barricaded inside an adjoining classroom and that there was no longer an active attack.

The revelation raised new questions about whether lives were lost because officers did not act faster to stop the gunman, who was ultimately killed by Border Patrol tactical officers.

Jacob Albarado, an off-duty Border Patrol agent who rushed to the school with a shotgun borrowed from his barber, said Tuesday it was chaotic when he arrived in search of his daughter and wife. Both were physically unharmed in the attack, he said.

“To me, I believe everyone there was doing the best that they could given the circumstances,” he told NBC’s “Today Show.” “I believe everyone there was doing everything in their power.”

Authorities have said Ramos legally purchased two guns not long before the school attack: an AR-style rifle on May 17 and a second rifle on May 20. He had just turned 18, permitting him to buy the weapons under federal law.

A day after visiting Uvalde and pledging, “We will,” in response to people chanting, “Do something,” President Joe Biden on Monday expressed some optimism that there may be some bipartisan support to tighten restrictions on the kind of high-powered weapons used by the gunman.

“I think things have gotten so bad that everybody’s getting more rational, at least that’s my hope,” Biden told reporters before honoring the nation’s fallen in Memorial Day remarks at Arlington National Cemetery.

“The Second Amendment was never absolute,” Biden said. “You couldn’t buy a cannon when the Second Amendment was passed. You couldn’t go out and buy a lot of weapons.”