and caltrans took action that will affect the morning commute. giant generators were brought into the caldecott tunnel, a major traffic route to the east bay. caltrans is using it to keep the tunnel lights and fans on or risk a traffic nightmare. the tunnels themselves have very large fans that circulate to make sure the exhaust from the cars are actually taken out of the tunnels. caltrans first thought some of the four boers in the tunnel would have to be shut down but bringing in those generators may correct that problem . the tunnel on highway 1 near pacifico is also open this morning. there were concerns about that closing. caltrans brought in more generators there. a double slide thousands of commuters use that slide on the kim attevo toast every day. were talking about this because weather will be a big issue this morning but first let s check in with sal for look at the commute. you heard it. the caldecott title in the lantos tunnel will be open and that is goo
miles per hour at my house. why are you shutting down the power? beep because the humidity may be in the low digits. that means 50 miles per hour may not be far away from me. you know how fast he can travel so that s why . and that very low humidity means the fire can spread quickly. we are bone dry. the soil was bone dry. we have a wind advisory that just started at 6:00 from the north and east bay above 1000 feet and you could get gusts up to 65 miles per hour . closer to the surface anywhere from 40- 45 is likely. that tells you up in higher elevations, a few thousand or above, it could be rocking and rolling leader. more likely this afternoon into tonight into early thursday morning. the red flag warning goes for mendocino county, lake county out of the delta and also down to the santa cruz mountains as well. only san francisco is not much of a breeze yet. not too bad. it s variable in some areas. summer west, summer itself. it s an higher elevations is starting t
issues important to business? all that and more tonight for the nightly business report. good evening, everyone, oil was the big news on wall street today with another sharp drop in prices. they touched $75 a barrel. brent crude the international benchmark fell to a four-year low. the sell-off was sparked by saudi arabia s unexpected decision to cut what it charges the u.s. for crude. they re now worried that could open the way for more prices to climb as oil production is at an all time high, west texas crude was down $1.59 a barrel close about $77. jackie deangelis has more on the slide in oil prices as traders wonder how low can it bo? reporter: a blood bath in the crude pit. traders saying saudi arabia s price cuts yesterday were the trigger and the sec nickal seller. opec was once again lowering prices, not cutting production. the dollar started to strengthen again. we traded through that $79 area. it looks like good resistance now. if next report would be the 74
issues important to business? all that and more tonight for the nightly business report. good evening, everyone, oil was the big news on wall street today with another sharp drop in prices. they touched $75 a barrel. brent crude the international benchmark fell to a four-year low. the sell-off was sparked by saudi arabia s unexpected decision to cut what it charges the u.s. for crude. they re now worried that could open the way for more prices to climb as oil production is at an all time high, west texas crude was down $1.59 a barrel close about $77. jackie deangelis has more on the slide in oil prices as traders wonder how low can it bo? reporter: a blood bath in the crude pit. traders saying saudi arabia s price cuts yesterday were the trigger and the sec nickal seller. opec was once again lowering prices, not cutting production. the dollar started to strengthen again. we traded through that $79 area. it looks like good resistance now. if next report would be the 74
on the other hand, going over the cliff might mean a recession. on top of that, worries about a deal were already causing trouble. uncertainty about how the fiscal cliff, the raising of the debt limit, and the longer-term budget situation will be addressed appears already to be affecting private spending and investment decisions, and may be contributing to an increased sense of caution in financial markets. susie: wall street and business leaders were pleased that bernanke was talking tough. and they said the fed s role in the fiscal cliff negotiations is to communicate. tell the world and the individuals in the political establishment that they have to help get their act together or we have a problem, and that notion of preaching from the pulpit that he has is very fundamental. susie: is there another role or more of a role for the fed? i think to be a cheerleader and to be on the sidelines telling the government they have to do what is right for the public. susi