Historic Knicks parade attended by over a million in New York City | Searched

ABC News Live is breaking down the top stories trending today: The New York Knicks celebrated their historic NBA championship with a lower Manhattan ticker-tape parade. Dangerous and violent tornado outbreak in Midwest leaves damage and devastation. Iran-US memorandum of understanding explained and the latest from the Strait of Hormuz. FDA announced a recall on more than 540,000 packages of mac and cheese over undeclared allergen. Former shoe brand Allbirds rebrands to 'Smartbird' as it pivots to tech and AI. Watch 'Searched' weeknights at 4:30 p.m. ET on @ABCNewsLive.