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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 lets 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 good news. Right now we ....
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 fouryear low. The selloff was sparked by saudi arabias unexpected decision to cut what it charges the u. S. For crude. Theyre 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 arabias price cuts yesterday were the trigger and the sec nickal seller. Opec was once again lowering prices, not cut ....
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 fouryear low. The selloff was sparked by saudi arabias unexpected decision to cut what it charges the u. S. For crude. Theyre 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 arabias price cuts yesterday were the trigger and the sec nickal seller. Opec was once again lowering prices, not cut ....
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 longerterm 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 feds 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 w ....