In a war zone. Reporter helicopter Tour Operator richie olson flew over the smoldering towns. Hundreds of homes leveled to the ground. The historic section of the town is destroyed. Even the boats in the harbor were burned to the water. They are gone. This is truly an all hands on deck situation. Reporter officials fear the death toll will rise. The primary focus is to save lives and prevent human suffering and mitigate property loss. Reporter the fires are being fueled by low humidity, Drought Conditions and whipping winds from a hurricane 700 miles away. Now that President Biden has declared a major disaster, more federal help is on the way, but that is little soulless to those who have lost everything. Is nothing but smoke. Cinders. We have only the clothes we have got on and a dog and two kids. Here we are. Reporter shelters are packed with people who have nowhere else to go. This satellite image captured what lahaina looked like before the fire and after. A once Thriving Community
Stocks are up on the second straight day, we are at session highs in the benchmark, 1. 2 . The latest push is coming from the moves we are seeing from Hong Kong Developers with we will show you the moment Commodity Markets are, the expectation that frontloading and incremental more insurance from bonds, that is to equities right now from his sentiment, the inserted. Comedy markets like iron ore ozzie meme stocks also catching substantial bid. Breaking news these last few minutes coming out, talking out of substantial moves from john lee. Let me recap some of those lines to explain these big moves. Hong kong will cut on purchase taxes by half to 7. 5 . It will also be having the tax residence buying a second home, which is substantial as well miners down there flat then two years without multishortening that period from 32 to two years. Hong kong will also assist and home purchase taxes for arrivals under the new program. We will see if we get new comments from john lee should be starti
Good morning and thanks for joining us for our midday newscast. Im chris chmura and im Ginger Conejero saab. Now many of us are already dealing with skyrocketing power bills. Now the cpuc is about to vote on a proposal which could make electricity cheaper for some californians and more expensive for others. Nbc bay areas bob redell joins us live from livermore. Bob, people in hotter places where you are could see their bills decrease. Maybe correct. In theory. Good morning to you, chris and ginger. Yes. In places like livermore, where its hot today, where people are going to be running their ac a lot, they could be paying less per kilowatt hour, if this new proposal goes through, ill have more of that in a moment. This is a live stream from sacramento , where within the past few moments here, the California Public utilities commission, just began their meeting to vote on a proposed restructuring of how we pay pge for our electricity. Now, take a look at your screen. Were going to break
Catastrophic. My house is gone. Its just gone. Deadly tornados slam the south. It is one of the more severe storms weve probably seen in the last five to ten years. The outbreak still not over. The threat moving up the east coast today. Al will tell us whos in the danger zone. Breaking point. President biden issuing a new warning to israel against expanding its war in gaza. They go into rafah, im not supplying the weapons. This morning, how israel is responding and the president takes heat from voters for his take on inflation and the state of the u. S. Economy. Were live at the white house. Chaos in congress. Declaring the office of speaker of the house of representatives to be vacant [ booing ] republicans and democrats unite to kill congresswoman Marjorie Taylor greenes attempt to remove House Speaker mike johnson. Just ahead, where the showdown goes from here. Worth it . The government now joining the growing fight over Popular Airline and credit card reward programs. Are you reall
Now on a cbs news bay area, new development in the battle over encampment sweeps in San Francisco. Why the city now says a different judge should hear the case. Pg andy now facing a huge penalty in connection with a massive wildfire. Over the last few years, many of us have got used to tracking air quality when wildfires send smoke our way. Those fires have erased much of the progress california has made in reducing Greenhouse Gas emissions. They are also causing another problem, ozone pollution. Here is david scheck and her. Reporter this years wildfires made the countrys airquality horrible. We have heard a lot about the large particles of toxic chemicals floating in the smoke, but it turns out those wildfires created another kind of pollution, ozone. Which we call the ozone layer. Not that ozone, we like that ozone, high in the atmosphere, protecting us from the sun. But when ozone forms at ground level, it is a kind of pollution that can trigger asthma, especially in kids. So lets