Physical assets, and the trading behind the hottest commodities with the smartest voices in the business. First, we kick it off with spot on, our take on the big story of the week. We want to take a look at tariffs and aluminum premiums. Molson coors is among the companies asking the u. S. Government to investigate the way aluminum premiums are set. The premium should reflect transportation and handling cost and is up 78 since 2018. Raising costs for these companies. Earlier i spoke to the senior director of Global Packaging at molson coors, and asked about the problem with premium pricing. We cannot pierce the veil here, so to speak. We are paying tens of millions of dollars, seeing others throughout the aluminum supply chain are getting those gains. If you look at can sheets, we buy cans for our beer cans. Can sheet is made up of 90 of the aluminum used for can sheet should not carry a tariff. That is because you have 70 of an aluminum can is recycled content. Section 232 excludes re
Im alix steel. Welcome to bloomberg commodities edge, 30 minutes focused on the companies, physical assets, and the trading behind the hottest commodities with the smartest voices in the business. First, we kick it off with spot on, our take on the big story of the week. Today, we want to take a look at tariffs and aluminum premiums. Molson coors is among the companies asking the u. S. Government to investigate the way aluminum premiums are set. The premium should reflect transportation and handling cost and is up 78 since 2018. Raising costs for these companies. Earlier, i spoke to the senior director of Global Packaging at molson coors, and asked about the problem with premium pricing. We cannot pierce the veil here, so to speak. We are paying tens of millions of dollars, seeing others throughout the aluminum supply chain are getting those gains. If you look at can sheets, we buy cans for our beer cans. Can sheet is made up of 90 of the aluminum used for can sheet should not carry a
Thunderstorm comes right near sea ranch point arena. I mean, these storms are going to continue to travel as we track these heading towards the northeast into ukiah upper lake. So keep that in mind as we look at other parts of the bay area. That San Francisco area did see a thunderstorms is the here in the city earlier today, 41 mile an hour wind gusts right now at sfo. Wind advisory due to gusts up to 55 until tomorrow morning. Covers a good part of the bay area. As you look at a live view right now from heavenly, it is definitely a very snow packed heavenly view and the chain controls continue across this region with a blizzard warning until 10 a. M. Sunday, 12ft or higher with gusty winds over the peaks. It is really dangerous to head up there. Ill be back with a full look at this level two storm, including the timeline coming right up ama. All right. Thanks, sandy. Well check back. Lets get a look outside around the bay area. Check out these live cameras. Youre seeing the golden ga
Tracking thunderstorms. Dan and anna, let me show you live doppler seven. Because those thunderstorms that started up this afternoon are far from done. As we take a look, as at live doppler seven, you will see exactly where we are tracking those strong thunderstorms right now. Moving across parts of santa clara county, tracking this next cell heading towards morgan hill at 1123. It is accompanied by so winand hail as well. On the peninsula, we are seeing downpours in burlingame, california, drive across highway 101 into the east bay. Walnut boulevard, walnut creek downpours as well. So really, heres the deal. As we look, rain has been heavy enough that an urban and small stream flood advisory issued from parts of San Francisco county all the way down towards the santa clara county, as they are going to continue to see some minor Flooding Issues up around lake and mendocino counties in the hills. It is cold enough for snow. Sfo winds gusting to 40 miles an hour right now, and the wind a
Saturday, march 2nd. Im stephanie sierra. Lets get right to meteorologist lisa argen in the weather center. And she is tracking the latest on this level one storm. Good morning lisa. Hey stephanie. Good morning to you. Certainly wet out there right now. And the winds continue to be quite gusty. The wind advisory until 10 00. Live doppler seven. Right now picking up on the smattering of showers. And we have a thunderstorm around mount diablo and also up towards the north bay. You can see the blizzard still going strong in the Sierra Nevada. And theres a look at our thunderstorm on top of mount diablo, where that yellow is san ramon. And danville. 680 looking at the wet weather towards martez u through 780, some light to moderate showers in the pink there, indicating the rain. Snow mix through 116 lagunitas back through marin and then penngrove. You can see the colder air moving on in with behind the system. And thiss the situation down around mount hamilton. Were certainly looking at so