Thecampfire that claimed 85 lives and destroyed roughly 15,000 homes. While the utility has a threshold that must be reached before cutting power, the mayor contends there needs to be oversight on weather pg e pulls the plug because of what could happen in a city as large as san jose. The mayor says problems include traffic lights going out, people losing air conditioning in summer heat and cell phones unable to dial 911 one power is cut to cell phone towers. We are very worried about these things in san jose, the many safety risks that a large regional outage would cause. But i do believe that this, if we dont fix this problem, it could be an existential threat to californians. Reporter at the same time, the mayor was speaking about his concerns, lawmakers were debating a bill that would set up a 21 million fund to help pg e and its counterparts in Southern California deal with liabilities from wildfires. Represents the best protection of and Holding Pg E Accountable that has been put
Coast and the bay, and we have an update on the traffic. Getting more crowded. Good morning. Looking at a commute where the traffic will get crowded at the toll plaza, a 20 minute delay before making it into San Francisco. No major problems. Traffic is tight as you come into the city. Also looking at interstate 880 north and southbound, traffic moving nicely, no major problems. It is getting more crowded south. Showing you on the maps, starting to see some slowing passing highway 92, and westbound 92 and 84 are doing okay getting out to the peninsula. There was a deadly wrong way crash on interstate 880 south of the venetian martinez bridge, the driver was going southbound, and crashed with all lanes blocked at one point, and now they are back open. You can see that the damage was extensive to the vehicle. New this morning, the adventure continues for the pilot of the solarpowered plane expecting to flight around the world. And we want to show you what is happening life right now, look
Future. In a few years time, hopefully the entire society, the entire world will be working with this type of technology. This is what we want to demonstrate, we are pioneers. Reporter once it is in the area will travel between 50 and 70 miles per hour, and the pilot said he is well rested, and the plane will only see seat one person, and switching off with his partner on each leg of the journey. This started last year in march when the Solar Impulse 2 took off from abu dhabi. This is the 10th leg of the trip, and after atlanta in phoenix, we do not know what other state it will hit because they are studying the weather. They know for sure it will land in new york, and they want to make sure that it is positioned right to cross the atlantic, and should make its way back to abu dhabi. I want to show you that it is still sitting here on the tarmac, and they are making sure that everything is ready. I was just told by the photographer that was overhearing the crew that we are being told t
New at 10 00, ktvus ken wayne, live where the tesoro refinery is shut down. Reporter they process 850,000 barrels a day. Theres a lot less gas headed to your local pump, and that could drive prices up even higher. The tesoro plant, and the exxon refinery in torrance account for 16 of californias gasoline production. Gas in San Francisco now averages 2. 87 a gallon. Up 2 cents from yesterday, 10 cents from last week, and almost 20 cents from last month, and they seem to be rising faster in california than the rest of the country. Some at this station say wild price swings just dont make sense. Its ridiculous, we live here with all the refineries. With why are our gas prices so high . The transportation cost, it doesnt make sense for me. It takes forever for it to go down. When it finally goes down, you know its going to go back up again. Reporter striking workers say they sympathize with consumers, but theyre more concerned about worker safety. You could give me 100 here for every perso
With u. P. S. The stock going to take a hit this morning after lowering their Fourth Quarter guide ax, a hangover from the Holiday Shipping fiasco. And shares of intel are sliding after Fourth Quarter earnings missed estimates and warning of flat revenues for the rest of this year. And speaking of earnings Morgan Stanley, General Electric, and amex making big moves today, well break them down with you. But first up, u. P. S. , the Package Delivery Company Expects Fourth Quarter earnings of 1. 25, well below forecasts. U. P. S. Said its been negatively impacted by higher costs driven by a surge of shipments during the Holiday Season. The company said it deployed 30,000 more temporary employees than it had planned for. Their peak delivery day volume up 7 1 2 from what they expected. As i just said on twitter, their models, jim, nowhere near on plan. I want everyone to go to u. P. S. Kicks off peak week they put out a press release. December 16th, 2013. Where they said, look, our peak day