you said one in five single-family homes in the u.s. is at risk of a wildfire being in a wildfire the next 30 years. tell us why. guest: the report really looks at a few things. first and foremost, it looks at the state of the fuels across the country like forests or things that can combust. the likelihood of ignition and subsequent wildfires that would spread across the country throughout 2022. what we found when looking at this year s wrist within the approach we used is that there is tens of millions of homes that face some level of risk from wildfires. host: just in 2022? guest: that s right. when you are looking at an annualized risk of probability of something happening what we find is there is about 30 million properties that have pretty severe risk. if you have that home for a 30 year period, a typical mortgage, you have a 1% chance of wildfire reaching your building. 30 million properties have that level of risk and many more that have more extreme risk. host: how
the state of the fuels across the country like forests or things that can combust. the likelihood of ignition and subsequent wildfires that would spread across the country throughout 2022. what we found when looking at this year s wrist within the approach we used is that there is tens of millions of homes that face some level of risk from wildfires. host: just in 2022? guest: that s right. when you are looking at an annualized risk of probability of something happening what we find is there is about 30 million properties that have pretty severe risk. if you have that home for a 30 year period, a typical mortgage, you have a 1% chance of wildfire reaching your building. 30 million properties have that level of risk and many more that have more extreme risk. host: how did you go about calculating this? guest: well, we worked with a great group of academics as well as for-profit institutions that have spent decades on the topics. these are experts in fuels, climatology, weather
things. first and foremost, the state of fuels across the country, things like forests that can combust. the likelihood of ignition, and subsequent wildfires spreading across the country through 2022. what we found when we look at this year s risk within the approach we use, is that there are tens of millions of homes that face some level of risk from wildfire. just in 2020 two that s right. just in 2020 that s right. when you look at the probability, we find there are 30 million properties that have severe risk. if you have that home for a 30 year period and a typical mortgage, you have a 1% chance of wildfire reaching your building. 30 million properties have that risk. how did you calculate this? we worked with a great group of academics and for-profit institutions in this space that have spent decades on the topic. these are experts in fuels, climatology, the weather. what we were able to do is use software to create 100 million wildfire simulations. we look acros
Delivered, right to your door, download the free Breaking News hello, everyone. Thank you so much for joining me this sunday. Im for greek a whitfield, and we begin with Breaking News that could have Global Implications irans president Ebrahim Raisi has been involved in a Helicopter Crash in a remote part of the country. Raisis condition is unknown and rescuers are having difficulty reaching the exact site of the crash because of fog and bad weather Iran Supreme Leader is calling for everyone in that country to pray for raisis health and vowing there will be no disruption in irans government. Weve got full coverage of this developing story lets begin with cnns Nic Robertson, nick, what are we learning about the crash and the search for the Site Conditions are tough. The fog, the rain, the temperatures. Its cold. But the search is going on into the night. We understand that army is being deployed. The irgc thats the elite military and iran, as well as the police. There already medics we
Sinking again. And we continue the week long special with the best ideas heading into q4. It is tuesday, september 26th, 2023 you are watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Im frank holland. We kickoff the day with the check of the futures the first winning session in five a clear change of direction here in the futures the dow set to open 125 points lower. The s p and nasdaq both down about. 50 in the premarket we are checking the bond market with the 10year treasury at the highest level since october of 2007 look right now at 4. 52 also the 2year treasury is 5. 12 you see it is elevated we are looking at the energy markets. Oil is giving back a bit look right now at wti crude below 90 a barrel down 1 this morning brent crude at 92. 28. Similar for the Natural Gas Market down 1 this as the dollar adds to impressive gains up 2. 7 this quarter alone and on pace for the best quarter since q3 of 2022 you can see the dollar up fractionall