Afternoon until 9 at night theyre asking all of us to conserve energy the genie keeping a close eye on the weather conditions tonight according to its website. There is a Public Safety power shutoff watch for tuesday. And wednesday, according to cal iso some good news tonight. The power grid right now staying at stage 2 emergency. No outages being reported as of yet. According to pg and e the forecast indicates some windy and gusty conditions combined with a heightened fire risk that could be necessary to turn the power off. Once again we do want to show you map right now of pg and es Power Outages right now the shows those reported outages in the bay you can seen some being reported mainly. In the south bay, most of all a lot outages being reported there in the south bay area but once again according to cal iso any outages being reported not impacted as a result of those rolling blackouts from stage 2 emergency now being issued so here is how you can conserve some energy set your ther
Here in the bay area by this power safety public shut off. Thats just coming from pg e because of the high fire danger thats coming our way this week. Cities impacted include ag win calistoga deer park. Pope valley saint helene and also unincorporated parts of napa county. The estimated shut off time is anywhere on the 7th which would be monday between 10 00pm and 02 00am with power not being turned back on. I assume this means the earliest on the 9th which would be 2 days later at 07 00pm this will impact about 2700 customers that just for napa Sonoma County only has about 3 customers are saying impacted in cloverdale were still working on getting all the information about this a p s p s people who are impacted should be getting an alert at some point tonight that this is coming. Meanwhile earlier this evening cal iso the state Energy Monitoring agency declaring a stage 2 emergency. Which meant rotating Power Outages were possible. But once again that flex alert that we were under end
Has fueled wildfires that have born burned more than a million and a half acres. Laura has become a category four storm. It is expected to make landfall tonight. We will have the latest on its movement in just a moment. Force. Rce joint the company beat estimates. We will talk to Ceo Marc Benioff live this hour. There is no one bigger than rhode island representative line. Cicil i sat down with the congressman for an exclusive interview that is ahead later this hour. If its politics you want more of, you can watch the Republican National convention tonight on bloomberg television. Viceyes will be on president mike pence as he makes the case for President Trumps reelection. We will bring you that coverage at 10 00 p. M. Eastern time. Our Bloomberg Markets correspondent Abigail Doolittle is with us. Abigail more record highs. I think you nailed it, talking about the fed liquidity. That has been the driver for the rally, right out of the march lows. The fed successfully stirred the animal
Steve is also joining us for the last time in the studio . Everything is set up so i can do it from home, just about, starting tomorrow. Yesterday pretty good activity in the valley, santa rosa, rohner park. They have since collapsed, same could be said toward Santa Cruz Mountains and san jose have some really good downpours, made it over to parts of the peninsula. Now it is all quiet, that system coming in from the north it doesnt have a lot of moisture but it is packing a pretty good punch, unless youre about done with the rain there could be a few pickup showers. We will end up with some cloud cover coming in, 50s and 60s. Iran just reported 127 more people died from the coronavirus , the death toll is now more than 1800. They are battling the worst outbreak in the middle east and has been criticized for not imposing tougher quarantine measures earlier. The Health Ministry says a person dies from the coronavirus every 10 minutes in iran. Republican senator rand paul became the third
Stabilized but that doesnt tell you what is happening beneath the surface. The 10year yielding 0. 8 . Updates on the outbreak in america. We are now more than 4,600 confirmed cases. At least 85 deaths last night, President Trump vowing to backstop u. S. Industries saying the u. S. Will be power fully supporting those Industries Like airlines and others impacted by the virus weigh will be stronger than ever before the eight largest u. S. Banks announcing they will be jointly accessing funding from the Federal Reserve. There has long been a stigma and they are all doing it together Morgan Stanley being the first bank to do it. We should not take anything away from that decision the ceo also happens to be the chairman of the committee that put this group together that went to do this. Joe. Investors are looking for a substantial fiscal response from washington to try to stem the he can economic damage. Reporter we do expect congress to move today not sure when the senate will take action,