Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administration and for the Election Campaign for Vice President kamala harris, and makes it must certain the federal reserve will cut Interest Rates when it meets next week, but for the markets it is a different story and you see th
To go back to their homes today. But what they found for many was just utter devastation. For others, evacuation orders and warnings are still in place. Also, help is now available from fema. Victims are being told to register with fema as soon as possible. This is a painful time for so many people. We start with the scu complex fire thats raging across five separate counties. Some of the numbers in, 25 containment, which is good news. In the north bay, the lnu fire, 33 contained. However, five people have died. And last but simply not least, the woodward fire in marin. Its as much smaller. The woodward fire right here, its still growing. And now we should say the last one, the czu fire burning along the coast, nearly 20 contained. One person has died. Were expecting an update in a few minutes. Thank you very much. We are getting some information on the czu complex. Well get to that in a moment. But in the midst of all this destruction from the fires, we have some good news. Hundreds o
The field. I hope this is a moment where everybody stands up and pays attention and says this cant go on like this. Plus catastrophic and imminent, thats how hurricane laura is being described. The powerful category 4 storm set to make landfall within the hour. And encouraging news from the firelines, as we get new video of the devastation. Were following several breaking stories. First, we want to begin with a check on the fires, containment continues to climb. The lnu complex fire now 33 complained. Scu 30 . And in the santa cruz mountains, now 21 contained. Another piece of good news, the first Evacuation Orders have been lifted in a santa cruz mountains. Uc santa cruz employees are going back home. The rest of the koompecampus re closed. The impact and heartache is being felt nationwide. Inspiring protests like this one in oakland, youre looking at 580 atthal exit, briefly shutting it down. A major sports boycott is happening as we speak after a black man was shot seven times in th
Breaking news now at 11 00, governor gavin newsom rejects pg es proposed plan to exit bankruptcy. How the company is responding tonight. Plus reporter a suspect holds police at bay on top of a building under construction. Well show you how it ended. Reporter tonight why more homeowners in San Francisco and the south bay are searching elsewhere in the bay area for more affordable living. Well tell you where. And were still dealing with those lingering showers tonight. When the rain returns to your weekend forecast. We have breaking news now at 11 00 and streaming on cbsn bay area. Good evening, im ken bastida. And im veronica de la cruz. Tonight governor gavin newsom is telling pg e try again. He rejected the utilitys 13. 5 billion plan to compensate thousands of wildfire victims and exit bankruptcy. Newsom says the deal does not comply with state law and does not position the company to provide safe, reliable, and Affordable Service to its customers. The governor wrote this to ceo bill
Advisory for the next few hours. We saw10 to 15foot swells tonight in santa cruz. Meteorologist darren peck is watching it all. Wet pavement and lingering showers, you summed it up beautifully. We are not done. The rest of tonight and tomorrow evening we still have a chance of showers. Let me show you whats going on right now. Thats the last 3 hours of high def doppler, but i want to bring you in to right now, and we can pretty much spotlight the south and east bay for light rain. Redwood city, you have showers moving right up 101 and 84, 82 all getting some light rain on it. And we can follow that also over towards the east bay and hayward. It will stay that way overnight tonight, but things get different tomorrow evening. We still have a chance of rain, but its going to be different tomorrow evening. Look at the time frame. That says 4 30. See how we have the deeper shades of yellow here . And ill bring us into tomorrow night after sunset, and we have a yellow bulls eye over santa ro