The Sonoma County board of supervisors voted to declare a local state of emergency because of the kincade fire. The agreed to extend the previous Emergency Declaration for the Public Safety power shut off. Allie rasmus was at the meeting that just wrapped up in joins us live with the latest. Reporter declaring that local Cuming County with state of emergency is the first step for the county to eventually apply for state funding to pay for the kincade fire. The cost of which is still being tallied. At this meeting this morning the Sonoma County board of supervisors, the county leaders address the fact that they wont be eligible for federal disaster funding because the damage to public property was not great enough. But that is part of the overall Success Story here, see the supervisors. The response. They congratulated each other and congratulated firefighters and Public Officials and emergency responders. There were 200 structures and homes destroyed in this fire but compare that to th
Lunch begins right now. Welcome to power lunch t shares of boeing are the biggest on the dow that stock down more than 12 in two days well have much more on this story later on thank you. We begin with president s frcomm president. Eamon is at the white house with more. Reporter the president was putting an optimistic spin on where things were going with china. He wants democrats to pass it. He calls them the do nothing democrats but if they pass this one, he will give them all the political credit if they do that the president continuing to lobby there. On china what the president said is they are suffering. Their supply chains are going down the tubes Robert Lighthouser spoke in this Cabinet Meeting to say that ultimately he feels they are going to get toured a phase one deal but not until the president and xi jingping meet later this year he says theres still some issues to be worked out. The president continuing to suggest things are going well and he sees the phase two issues as b
Are bracing themselves for aftershocks after the region was hit by its biggest earthquake in more than 20 years. Its the second big tremor in as many days. The epicentre of the quake was near the city of ridgecrest, north east of los angeles. Angus crawfords report contains some flashing images. Oh, my god. Fear and shock. Two quakes in two days. This one with the magnitude of 7. 1, the strongest for 20 years. Evacuate nerves stretched to the limit. Go, go, go panic is infectious. 8 21am here on the air, we are experiencing. And very public. I think we need to get under the desk. 0k, were going to go to break. Well be right back. Wow. In hollywood, tourists werent sure what to make of it. Everythings moving, and the chandelier was shaking, and the kids were saying, its an earthquake. We saw that the rest of the people in our neighbouring rooms were looking at each other. We were all kind of scared, just freaking out about it. Landslides blocked some roads. Motorists using their bare ha
Calaveras fault. Thats in the inland. The east bay running down from around Pleasant Hill all the way down just east of the east bay hills this one just northwest of the city of alamo at around 7. 44. So just putting in around 15 minutes ago now. Right now were reporting most of those who felt that were either in contra costa or alameda counties. But again, this is a magnitude 3. 4, our producer chip talking to us just moments ago. They said they felt it in the chandelier was shaking there for a minute. So you might have had a similar experience here over the past couple of minutes. Again, that was a minor quake 15 minutes ago. 3. 4 magnitude, especially felt across the inland east bay and right along the east bay shoreline. Its been quite the morning, not just because of the quake, but we also had a few isolated thunderstorms popping up further inland. Also for the east bay. Its been a morning out there. We saw some brief thunderstorms over brentwood, oakley, as well as antioch. About
About chinas economic challenges, calling the country a ticking time bomb. Lets begin with the markets on this final trading day of the week as investors digest todays ppi number interesting, sara. I mean, 0. 1 is not that dramatic we had a negative revision, but coming off the stellar reception to cpi yesterday, maybe it looks a little bit worse yeah, after a zero percent in june, you dont want to see it tick up to 0. 3 in july, which is what we got, and we know Producer Prices are wholesale prices that feed in, so maybe a little deemphasized because we already got the cpi read but you just dont want to traders, investors are on guard for inflation to hook back up. Right . Like, we hope people are hoping that the inflation data, which has shown moderated inflation, been celebrated as good news, will take us down to the 2 target and the feds work is done, but theres a chance that, look, it could be sticky we still see a really tight labor market where wages are rising we see Oil Prices