First, lets check in with mandy at the new york Stock Exchange. Hi there, tyler. Hello, everybody. We have a selloff here on the street. The dow is back in correction territory although we are off the very worst levels of the day. The dow is down by about 284 points. Now its down by 235. S p down by 24 and the nasdaq off by 48. I have bob pisani on the floor of the Stock Exchange to explain what is going on. I guess maybe for one day weve got a reprieve where we can stop obsessing what the fed is going to do and we can obsess what the fed said and what it means for things like earnings and revenue. For the moment i think what the fed was saying yesterday is still impacting the stock market. Lets look at the s p 500, were just off the lows for the day. 2 to 1 declining to advancing stocks. Volume is heavy because its a quadruple witching. Let me try to answer mandys question. Why are we down today . I see three clear reasons and you can assign whatever weight you want to any of these. F
Storm warnings in the mountains. Well talk about where its going to be wet tomorrow morning when you head out to work again. Bill and the entire ktvu weather team are working around the clock to keep you up to date on the storm. Be sure to follow them on twitter and facebook. Todays storm is making it tough for travelers flying out this holiday week. In fact at least 51 flights at sfo were canceled today. Dozens more were delayed for at least two hours. The rain is making for a slow monday evening commute. Look at the drive time traffic map, all of the red you see there, those are areas where it is very slow going. One of them is the bay bridge toll plaza but not heading in to the east bay, heading in to San Francisco. This is reverse commute but it is packed heading in to San Francisco right now. Check out interstate 680. Those headlights are heading north. Tom vacar will take us to contra costa where they are preparing for what could be the perfect storm. The renewed effort to stop d
Officer lee, are you with us . Definitely impacted at this point. Northbound traffic on 680 is being diverted at capital expressway and southbound 680 traffic is being diverted at mckie. There is no estimated time of opening the lanes at this point pending resolution on the overcrossing. Do you have any sense, officer, how long that is going to take or what they are doing to try to talk this woman off the edge of the overpass . I do not, actually. I have no details on where negotiations stand with her at this point or if its looking like its going to be something that will resolve itself quickly or be extended into the commute hours. Once it does get resolved, any sense given how much the traffic is backing up how long will it take traffic to get back to normal . Do you have any idea . I know traffic on the southbound side was at least backed up to calaveras approximately 30 minutes ago. It is definitely going to impact and be a delay for people who are traveling southbound and northbo
Priority for me is the issue of Environmental Justice and making sure the states are providing adequate direction in order to achieve the interest of local income and minority communities. In cases where safe may not be sure how to conduct Environmental Justice analysis or how to define an Environmental Justice community then i believe that it would be very helpful if the epa provided states with guidance Technical Assistance and resources to help protect the most vulnerable communities that have the least amount of influence to help themselves. Can you speak to this issue and assure me that the epa is listening and working with the Environmental Justice groups as the agencies prepares to finalize the rule and two the agencies will provide states with guidance data, tools and resources to help identify and protect these communities i can assure you of that,ranking member and point out the Environmental Justice budget is given an increase this year which will go a long way to provide th
Industry to make sure we werent being overly aggressive about the ability to have the technologies available for full implementation. Has epa actually quantified how much of the voc reduction the nsps has actually yielded to this point . We do have a good signal from our Greenhouse Gas reporting program that its already been tremendously effective at reducing Carbon Pollution because Carbon Pollution is reduced as youre catching those volatile organic compounds. So we do have a very good sense that this is being effective already. I understand its already about 190 to 290,000 tons. Thats right. Is the estimate. Has epa quantified methane reductions as a cobenefit . We have and i can provide those numbers. I dont have them at the tip of i think i have them. Its about 73 decrease . Excellent. So in january this year the white house released a strategy of reducing oil pollution. They released pro terrible resources like oil wells pumps leaks as well as well sites and compression stations.