As of this afternoon, it is at 73,000 acres and now 40 contained. The death toll still stands at three people. The number of homes destroyed remains at 585. Ktvus tom vacar now with more on todays developments. Reporter even though the fire is 40 contained, with hot weather and low humidity back, the army of firefighters has grown once again. There are nearly 4100 firefighters now on scene working to contain this fire. They are from across california and now from across the western united states. Reporter when Police Caught one individual with a car stolen inside the fire area and tried to make it look like a police vehicle, the Sheriffs Office decided to suspend escorting homeowners into the area for now. Were focusing all our efforts, our Law Enforcement efforts on getting officers out into the evacuation area and actively patrolling for anyone who is looting or should not be there. Were arresting folks out there that are attempting to break into homes and that in fact have broken in
With tom keene in new york. There has been a change in the landscape in the last two days. What i liked his we are going to talk to a smart set of people through all of surveillance this morning. They will join us later on radio. We have got doug of isi in this hour. And paul gate of Sanford Bernstein in our next hour. Smart experts on this commodity implosion. Guy setting you up for what is turned out to be an interesting tuesday morning. All those guys coming up. Lets get you the bloomberg news. Nejra thanks, guy. Chinas trade slump just keeps getting worse. Chinese exports fell in november for the fifth months in a row. And the drop in imports has now hit a record 13 months. The trade data comes a week after reports show chinas factory conditions fell to their weakest level in more than three years. For the first time authorities in beijing have raised an air pollution alert to the highest level. By one measure this mauga seven times the level considered dangerous to help it beijing
Money than we are with not losing money. Lets go right to it. First off, the Federal Reserve must change the debilitating narrative its adopted after that first rate hike in december. I understand their job is not to keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some changes here. One, the fed must know its own strength and recognize that when its freezing the Business World and creating tremendous uncertainty because people think, how can that possibly be, how can they know that much . Because they dont. Far better for the fed to say, and i quote, we have put then seen commodity deflation and a slo
Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some changes here. One, the fed must know its own strength and recognize that when it talks endlessly about hikes, its freezing the Business World and creating tremendous uncertainty because people think, how can that possibly be, how can they know that much . Because they dont. Far better for the fed to say, and i quote, we have put through an increase and since then seen commodity deflation and a slowdown in wage growth so we must monitor these before we that means we need to get off a timetable and go back to being data dependent. That would in itself cause a tradeable bottom, at least. This change is so important
Every rally . Including today where we spent much of the day in the red until the dow had one of these bizarre bear market spike rallies. Up 52 points. Nasdaq fell 2. 1 . From capital preservation mode to Capital Appreciation mode . Something that needs to happen begin. Its not just price. Its not just returning to the august 24 lows. All weekend i worked on this. I put together an extensive checklist of the things that need to happen before we can be more concerned about making money than we are with not losing money. Lets go right to it. First off, the Federal Reserve must change the debilitating narrative its adopted after that first rate hike in december. I understand their job is not to keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with the fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accomp