Transcripts For KTVU KTVU Channel 2 News At 4 20240622 : com

Transcripts For KTVU KTVU Channel 2 News At 4 20240622

Mays alltime high. Reporter one big worry, chinas economy is beginning to falter. Thats reflected in chinas tanking stock market and big drops in spending, which could soon impact u. S. Companies that export many goods there. The other big worry is despite this, will the Federal Reserve hike interest rates, because the u. S. Economy is in a good recovery . The former dean of golden gate universitys business school, who was once a longtime wall Street Investment banking executive, says this. One set of data says get it over with and start raising rates. Another set of data says you got to be out of your mind. Reporter with that uncertainty, there are more sellers of stocks than buyers, making prices plunge, even among Companies Performing well in our stillgrowing recovering economy. Nobody really wants to buy until they know which way that particular coin flip with the fed is really going to come out. Reporter we will know mormon when investors, big and small, have had time to think about it and get back to their desks. Tom, ive always been told, dont check the 401 k . Let it sit. But is this news today time for me to go in there and start moving money around . Reporter well, if youre a longterm investor, the answer is absolutely not. If you panic, of course, people do that and a lot of people lost a whole lot of money during the recession, which later came back and actually then set new records. You have to be very, very careful about this. Now, we are at about 11 loss at this point in time. Much more than that and people will start actually thinking about doing that and some people already are. But for the longterm investor, it is better to sit tight, because there are plenty of good things going on in the economy and those good things can ultimately outweigh the bad. Be patient, dont worry so much about today. Tom, lots of talk about a correction and it coming very close to a correction. What should the person at home know about this socalled wall street correction . Reporter well, its nothing more than saying prices need to be readjusted because, a, they are too high, and b, nobody new will buy unless prices are reasonable. That is a correction and thats usually about 10 . Were at 11 , well within the correction range. When you start getting down to 20 , then the experts start calling that a bear market, which means buyer beware. Anything you buy from this point on because its likely to go down, as much, maybe more so than likely to go up. So this is a correction. We havent had one of these in many years, several years since weve had a correction. They are usually more regular than that. This is nothing to panic about yet, but it is something certainly to think about. And debate, because the correction, we dont know if its over. All eyes on the market on monday. This could roll into september, even october as well. Reporter it certainly could. What we dont know is whats going to happen in china. That is the lynch pin. Remember, we still have issues in europe, with greece, some of the other countries there. We have other issues going around in the oil patch, oil companies, having a lot of trouble right now because the price of oil has collapsed and a lot of people depend on that for dividends. This is a major thing going on here, but the question is, is it so major we should run away from it . So far, probably not. Tom vacar, live in the newsroom, thanks. The stories were following for you, firefighters still on the scene right now of a huge fire that destroyed a recycling warehouse in vallejo. This is what the alco metal and iron metal facility looks like after the fire. This is video from sky fox. The 62,000square foot building is a burntout shell. The fire was reported last night about a quarter to 12 00. The building housed ewaste, potentially toxic materials, including things like oil, propane tanks, lead batteries and even oil generators. You have material inside the building and then all the material of the building itself that collapsed on top of it. Youre going to have pockets within there that are anywhere from six to 10 feet deep. He added that its really just still too hazardous to put any firefighters or equipment inside because there are still some small areas burning. As for the cause, they cant determine it until investigators are able to go inside. Fire Officials Say there is no danger to the public. In alameda county, a deputy is recovering after he was hit while sitting in his patrol car writing a ticket. Ktvus janine deva lega has more. Reporter the deputy was in the middle of handling a call of a suspicious person. He had his car parked, sitting in the drivers seat and writing a report on his computer when suddenly a vehicle crashed into him. The accident happened around midnight. The deputy was sitting with his door ajar. A bmw traveling near chaparral broadsided the parked patrol car, then kept traveling, crashing into a telephone pole. The crash sent the patrol car onto the sidewalk and caused the bmw to lose one of its front wheels. The deputy was taken to the hospital where he is now suffering from a broken left leg. The driver of the bmw was not injured, but chp officers detained him and performed a field sobriety test. They ended up arresting 36year old Rufus Coleman from hayward for driving under the influence. Authorities tell us it also appears he may have been speeding, but the chp is still investigating. Reporting from san leandro, janine de la vega, fox 2news. Today, oakland city leaders are expected to receive the final proposal to keep the raiders and as in oakland. Last check, the city had received most of the coliseum city proposal and the rest is expected by the close of business today. The deadline for the developer who has an exclusive negotiating agreement with the city of oakland and alameda county, that is today. The coliseum project includes housing, hotels, retail outlets, and up to three sports stadiums, but there are concerns that the developer may not be able to come up with the funding for this billion dollar project. More fallout now over the data leaks from Cheating Website Ashley Madison. Hackers have released records of millions of the sites users. And this may be resonating most in the nations capital, where hundreds of federal employees have been implicated. Reporter a lot of federal employees apparently had a lot of extra time on their hands. The Associated Press traced some of the ip addresses back that had visited the website Ashley Madison and found that a lot of them came right back to the federal government. The Associated Press found that more than 20 federal agencies had employees who accessed the adultery site through their government internet connections, including house and senate offices, even the u. S. State department. Weve just seen press reports on this, so way too premature to make a comment about this. Reporter state Department Spokesman wouldnt touch this, but the pentagon is another matter. Where so many civilian and military employees have security clearances and could be wide open for blackmail. The secretary of Defense Ash Carter was asked whether he was aware of the breach and whether the pentagon is investigating. I am aware. Of course its an issue because conduct is very important and we expect good conduct on the part of our people. Reporter reality star josh duggar has been embroiled in the Ashley Madison leak, but in washington, this may go way beyond personal embarrassment. For people in the military, you could end up in prison for a year, dishonorably discharged, you could be the target of an extortion plot, you could also have your security clearance in jeopardy. Thats a be pro. Reporter the Associated Press spoke to some of these federal employees as part of the investigation. They havent been identified because none of them have been accused of committing a crime. Police investigating internet crimes against children searched the home of rocker gene simmons. However, the kiss rocker, along with his family, are not suspected of any crimes. L. A. P. D. Searched simmons Beverly Hills home yesterday. Police havent said exactly what they were looking for, but there is a report out there that Police Wanted to discuss a crime that may have happened at simmons home last year while he was away on tour. Genes wife tweeted, quote, we couldnt be more horrified that someone used our residence for such heinous crimes. In the case against former subway spokesman jared fogle, a florida reporter is coming forward to announce that she is the person who tipped off police. Rochelle herman says she was startled by a comment fogle made about middle school girls during a healthy event back in 2007. Herman says over the years, fogles comments became more blunt, more shocking, and she finally went to the fbi and agreed to secretly record him talking openly about having sex with minors. Fogle plans to plead guilty to child porn charges, which could land him in prison for a minimum of five years up to 12 years. After three decades, one traffic ticket from thousands of miles away is coming back to haunt a man right here in california. Coming up, we take a closer look at the change in federal rules that is now causing a problem for more and more california drivers. And in weather, the bay area locked in a stable pattern out there. Coming up, well be tracking the fog in the shortterm. Well also let you know if we have any major warmups on the longrange weather maps. Lets check in on your drive home there. There you see interstate 80 in emeryville. Its slow going on this friday afternoon. The four on 2 will be back in a couple of minutes. Conditions remain challenging for firefighters working to contain dozens of devastating wildfires in the west. Today, a red flag warning is in effect for parts of washington. This is due to the high temperatures there and also the very low humidity. This comes as authorities continue to investigate the deaths of three firefighters killed while on duty wednesday night. I want to say this is unprecedented. The governor of washington, not mincing words, as devastating wildfires continued to burn across the state. We thank everyone who are doing everything they can to make sure the evergreen state does not become an ever fire state. We have a lot of work to do. And firefighters wont be getting any relief, as high winds and aboveaverage temps are expected to continue in the west. Our guys will be very cautious as far as what they can get done. So safety is our number one priority. As crews continue to battle the flames, people are mourning the loss of three firefighters killed wednesday night. The deaths happening in the scenic meadow river valley, where a series of blazes covering close to 140 square miles had merged. We want people to know what a wonderful person he was, how bad we feel about it. My son, he loved being a firefighter. He loved serving the community. It hurts deep. But the job goes on. Thats what First Responders do. The firefighters were members of a specially trained unit that is sent into a wildfire ahead of other crews in order to size up the level of danger. Its a risky job and supergrateful that people are willing to do it. Its hard. Theres no way around it. 13 firefighters have been killed across the west this year in what officials call one of the driest and most explosive wildfire seasons ever. The firefighters killed in washington have been identified as 26yearold andrew sajak, 31 yearold richard wheeler, and 20yearold tom bouchski. An explosion in Downtown Los Angeles knocked out power. It happened on wilshire boulevard. A generator exploded and knocked out power at the shania twain concert at the staples center. The explosion did cause significant damage to the building. The people who were injured are expected to recover. A pot bust in marin county is now causing environmental concerns. Deputies found a field of plants hidden in the hills of marin county. This is near popular hiking trails. Alongside of it, they found waste, including plastics and pesticides. Were talking fertilizers, pesticides, talking literally rat poison left behind. These are all items used by these growers to try to protect their growing operation. This area here is part public and part private. For example, film director george lucas owns land right there in this area. Im hanging out with mark too mayo, talking about hurricane danny. Stronger, weaker compared to 24 hours ago . A little stronger, mike. Not too much strengthening. Still a hurricane. Winds right now, 115 miles an hour. Things are developing, a little more active. Moving to the westnorthwest at 10 miles an hour, basically moving in this overall direction. Coming in closer, heres the projected path. Basically a straight line. You can say the good news, its weakened into a Tropical Storm monday, tuesday and wednesday as the system approaches puerto rico and the dominican republic. And what about the other one . Its not a hurricane yet. Its a Tropical Storm. In fact, it has strengthened into a Tropical Storm, winds of 40 miles an hour. This is Tropical Storm kilo. Look at that turn to the north. Still hooking right there. Yeah, and this resembles a track from 1992. Powerful hurricane anike. Coming in closer, this is expected into tuesday and wednesday, possibly as a category 2 hurricane. This track might be changing a lot, especially oahu and kawhi. I have a family from kawhi and my sister was telling me the people are talking about this storm already, preparing, and they are checking each update from the hurricane center. Real quick, what causes that big hook . Thats a very good question. I was reading about that. Theres an area of High Pressure. You think of High Pressure with a counterclockwise circulation. That storm is sneaking underneath that high, so its being pushed around that high. Whats going to happen, that high is going to weaken and thats responsible for the hook. As the high weakens, were going to have general motion in this direction. Thats whats forecasted to happen. Its a lot of domino effects. They need one thing to happen before another thing happens. All right. Thanks for answering the question. Lets get back locally. Locally, we have lots of low clouds and fog to talk about. This is our bay point camera toward the marine layer, toward the west. Lots of low clouds and fog out there right now. In fact, you can see the signature here on the satellite. We have the fog just offshore. Its basically sticking around into tonight and into tomorrow morning, pushing back into the bay. Right now, it is 82 degrees in concord. Limp more, 84. San francisco, 62. Santa rosa in the mid70s. 75 degrees. More low clouds expected overnight and still a solid deck of overcast first thing saturday morning. No major changes for your bay area weekend for both saturday and sunday. Were stuck in between the cool weather pattern and this area of High Pressure that has been backing off. Beaches, mid 60s. Inland, in the mid80s. In oakland, the 11th annual faith Breast Cancer walk and run around lake merritt, mostly cloudy skies. Thats for tomorrow morning. 65 degrees. I think well see the clouds lift throughout the midmorning hours into the afternoon. Well keep an eye on that. Heres our forecast model showing you some of the fog tomorrow morning, saturday, 8 00 a. M. , then clearing back to near the shoreline by 4 00 p. M. And still partly cloudy skies right around the bay. Well show you the forecast highs for tomorrow. Santa rosa, 77. 80s out toward fairfield and vacaville. Around the rim of the bay, temperatures in the 70s. Heading inland, youll find more 80s. No major heat in the forecast. I think the sunday temperatures, pretty much identical to these forecast highs for your saturday. San francisco, 67 degrees. Pacifica, 63. Heres a look ahead at your fiveday forecast. Still tracking a major warmup. Actually, were not tracking one. Were tracking a bump in the temperatures for tuesday and wednesday. What i meant to say is things are fairly quiet with no major temperature swings out there, but just a few low 90s by tuesday. Coming up at 4 45, bill martin will be live at the president ial yacht, called the floating white house. Oh, wow who wouldnt want to be there. Exactly. The chief will be out there and well talk to him in a few minutes. Thanks, mark. Still ahead, oakland rapper, song writer mr. Fab giving back to the community. Mike sat down with him earlier to talk about why his backpack giveaway is such a personal event for him and the connection he feels to oakland youth. Great interview. Really nice guy. Looking forward to that. Plus, why a San Francisco Police Officer showed off his break dancing skills out at ucsf Childrens Hospital, when the four on 2 is back. Bills got a very tough 13lie here. Looks like we have some sort of sea monster in the water hazard here. I believe thats a kraken, bruce. It looks like hes going to go with a nine iron. That may not be enough club. Well hes definitely going to lose a stroke on this hole. If youre a golf commentator, you whisper. Its what you do. If you want to save fifteen percent or more on car insurance, you switch to geico. Its what you do. This golf course is electric. Ucsf Childrens Hospital is not exactly where you would expect a break dancing contest, especially if one of the competitors is a San Francisco Police Officer. This Youtube Video shows just that, and you can be the judge of the best moves. The officer or the young boy . Officer joseph marte was at the hospital to visit 4yearold colton guerrera for cancer treatment. The officer read about coltons situation some months ago and visited him so he wouldnt feel like an outsider in a big city. Colton, who is nicknamed hulken because of his love for the cartoon character, lives in brentwood. Marte explained to us how yesterdays danceoff happened. His mom came across a video of me doing one of my break dancing moves and showed colton the video and colto

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