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Transcripts For KGO ABC7 News 400PM 20240713

Gusty in the Higher Elevations above 1,000 feet. We have gusts now to 32 Miles Per Hour, knoxville creek, 22 Miles Per Hour in the oakland hills, mt. Diablo at 26, to the wind gust animation, again gives encouraging ws winds will diminish into the evening. Late tonight, gust at least at the surface dropping below ten Miles Per Hour into the Single Digits. So good news there. On the relative humidity side, though, mixed bag here up in the north bay and over much of the east bay. Well see right now relative humidity ranging from only 5 into the teens. A little bit higher in the santa cruz mountains. We expect relative humidity to increase a little bit in parts of south bay and east bay, but it will remain dangerously low in the north bay. The red flag warning in effect for high fire danger. Well have more details later in the newscast. Dan . Thank you so much. Breaking news in southern california. A fastmoving wildfire has destroyed several mobile homes. It broke out around 2 00 p. M. In

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Transcripts For KGO ABC7 News 800AM 20240713

Through the upper 60s. Today in the lower 80s. And the warmest locations by 3 00. And we will be looking at a cooler sunday. Well track the cooldown coming up. Liz. Sounds good, thanks, lisa. Developing this morning. Several destructive wildfires burning in southern california. Killing at least two peep. Here is a live look at the saddleridge fire burning in los angeles. Its ripped through more than 7500 acres of land. Its now 19 contained. Up from 13 last night. The governor mass declared a state of emergency in two counties because of the fires. Some road closed lifted this morpg showing signs of progress. Matt gutmann is in los angeles. Reporter overnight gusting winds continue to threaten the los angeles communities ravaged by fires. Evacuation order in place affecting nearly 100,000 residents. Cant even see. Lets get the hell out of here. So many displaced the governor declaring a state of emergency. The declaration i put forward directs all city departments to take whatever neces

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Transcripts For RT Boom Bust 20240713

Moving averages with big tech leading the decline Global Market slump after the u. S. Manufacturing i assume tumbled to more than a decade low sparking fears that a recession may now be unavoidable as a fallout from the china u. S. Trade war has now spread historically equity returns are the worst when the eye is on manufacturing drops from levels below the 50 threshold whats even more concerning now though are the details about print new orders employment and production they were all either soft or had to tear it even further only 3 of the 18 industries in the survey reported growth the lowest figure since 2009 adding to the bad news European Companies are set for their worst Quarterly Earnings in 3 years the latest data lifted the feds bond rates futures sharply with the november contract now pricing in an 80 percent chance that the fed will cut interest on a 30th in monetary terms it looks like we are at a race to the bottom of the e. C. B. How reintroduce. Q. E. At 20000000000. 00

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Transcripts For RT Boom Bust 20240713

Dow plunged more than 500. 00 points to break both the 50 day and the 100. 00 Day Moving Averages with big tech leading the decline Global Market slump after the u. S. Manufacturing i assume tumbled to more than a decade low sparking fears that a recession may now be unavoidable as a fallout from the trying to us trade war has now spread historically equity returns are the worst when the i as a manufacturing drops from levels below the 50 threshold whats even more concerning now though are the details about print new orders employment and production they were all either soft or how to tear it even further only 3 of the 18 industries in the survey reported growth the lowest figure since 2009 adding to the bad news European Companies are set for their worst Quarterly Earnings in 3 years the latest data lifted the feds bond rates futures sharply with the november contract now pricing in an 80 percent chance that the fed will cut interest on 30th in mana. Terry turns and looks like were at

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Transcripts For RT Boom Bust 20240713

A laggard in this entire rate cycle their funding stresses in the repo market that are not going away and now we have just witnessed vision literally detonating overnight destroying confidence in all similar v. C. Ventures and capital and liquidity are now scarce and getting scarcer we are now in the quad Witching Hour with the nasdaq below the 100 Day Moving Average the dow below the 100 day the s. And p. Blue below the 100 day and finally the russell 2000 below the 200. There is news on a relatively neglected front of the troubled ministrations global trade conflict with both allies and declared adversaries today the u. S. Has won a round in the World Trade Organizations arbitration system in the latest up or so to the long running case over european subsidies and analogous u. S. Support for the boeing company in their latest ruling on the 15 year old case the panel of 3 corporate lawyers deciding the case found that a. Subsidized loans for airbus caused harm to us competitors valued

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