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Transcripts For CNBC Options Action 20160717

History. A beautiful indiansummer day in october 12th, 2005, a day in beautiful Indian Summer day in the bay area is tarnished by black smoke. Pouring out of a warehouse invilin villejo. The fire chief Douglas Robertson is one of dozens of firefighters en route. We could not believe what we were seeing. It looked like a 747 had crashed. Its a big huge column of smoke. Inside the warehouse, some of napa county wines are stacked floor to ceiling. There are more than 4 million bottles in all. Now with temperatures inside the warehouse reaching 2,000 trees the vino turns to vapor. It would melt the shrink wrap holding them. Then theyd tip over. When one would tip over, it was like a dominoesque. You could hear the crashing glass slamming on the ground. When the smoke clear, conservative damage boggled the mind at least 200 million worth of wine is destroyed. Wow. Y you know, we had our entire net worth in that build going seven, eight years, put into a bottle and destroyed by fire. Reporte

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