to ask after the weekend rescue of credit suisse by ubs. in the last half hour or so the us treasury secretary janet yellen has continued to offer reassurances that the banking system is stable in a speech to bankers in washington. she s been saying that the us government is prepared to help more banks if that s what is needed. the government s recent actions have demonstrated our commitment to take the necessary steps to ensure that savings and the banking system remain safe. our intervention was necessary to protect the board a us banking system and similar actions could be warranted if smaller institutions suffered that pose the risk of contagion. and if we look at the latest on the financial markets we can see that they are in positive terittory. they re expecting some of those reassurances from politicians. we can move on and see some of the banking shares here in london, hsbc. these are some of the stocks at lost valley yesterday as those concerns grew about ubs and cre
Creek. Matt keller is headedo scene. He is on the phone. Right now he is in Scotts Valley. Tell us about this area that you are heading to. Are there many people who live in this evacuation zone . Well, it is a remote area, and the roads up here are thats the thing. When you hear about evacuations up here, the biggest concern is that there are a lot of, like, onelane roads up here, and a lot of Construction Since the flooding of last year, and there were a lot of mud slides and if you are driving in the Santa Cruz Mountains, you will be dealing with construction, and thats when a lot of construction crews are working. So that could be a big concern. So with evacuations kind of i think all on our minds with everything that happened up there in the north bay, those are such extreme conditions, but up here in the middle of the night, thats a concern because people with sleeping. This fire started at 11 00 last night. People were sleeping when this fire started when getting to homes and kn
School in Boulder Creek. Thats where evacuees are already heading, we are told there are 150 so far, that fire they have knocked on some doors, theyre trying to get people out and get them to that school. The wind is a concern this morning. If there are any out there, lets check in with mike nicco on the forecast. Jessica, reggie, that was a good if there are any winds out there, that was a good statement there, jessica. Hi, everybody, let me start off by saying this is not and will not be a repeat of what we dealt with in the north bay. We just do not have the environmental weather or wind conditions to do it. Right now there are no wind, but the temperature up at about 1600 to 1800 feet its 69 degrees, a little warm, humidity is about 23 so it is bone dry out there. What youre seeing right now is this is a chimney kind of fire. It is climbing up the valley walls due to the chimney effect because the hot air rises and as the hot air rises it dries out the registration above it and tha
Night in these steep canyons, we have an access issues and as you can see behind me theres steep and rugged terrain. Reporter about 125 acres have burned and they say about 150 residences have been evacuated. The santa cruz Sheriffs Department is going door to door trying to get people out. They say there are about 150 of those homes that they are trying to get to to get out of the area those are mandatory evacuations this he also you say if anybody is in the peripheral area of this fire, las couple brass area is part of the place that has been evacuated as well. If you are not in the evacuation area but if you feel unsafe and then theyre saying go ahead and leave the area. There are road blocks out here on highway 9 and also on bear creek road. You can get out on highway 9, they stopped that construction so people can leave but if you do leave they are not letting people up into the area. They want to make sure they dont have to do evacuations again. You can see that the fire is sitti
Tweet. They were saying, quote, firefighters on scene of vegetation fire Bear Creek Canyon road evacuations are in place for deer creek road, rones road, dons road, lost valley road, favre ridge and oakridge. If you feel youre in danger, leave the area if its safe to do so, hashtag bearfire. Road closures and evacuations are in place for a reason. Just to respect our road closures. Cal fire is working hard to deal with the fire. Were working hard to secure the area. Reporter a live look out here, you can see the flames going up the hill. They are saying at least 100 acres are considered threatened at this point in time. There is an Evacuation Center at Boulder Creek elementary school. We are seeing quite a bit of ash falling on us. One neighbor is afraid embers will spread across bear creek road. Well update you with the latest with this fire. But for now, reporting live in the Santa Cruz Mountains, Sandra Osborne, kpix 5. Now to the latest on the situation in wine country. Crews final