This road, it will be suicide. I mean, no other word for it. And so we decided that were going to go to my mothers in the south bay for a few days tomorrow. And we have a 84yearold father living with us. Timmy is 3 1 2 and we also have two other People Living in the household so it is a six person preemptive evacuation. The more the people pre evacuate the more easy it will be for people to evacuate and for fire engines and Police Vehicles to get up. 15 coverage on the fire danger, and power shutoffs, we begin with john ramose in Sonoma County tonight. Many of the same communities that are affected by wildfire are also affected by power shutoffs. And in Sonoma County, they have gotten pretty good at preparing for them. Here is of the current north bay power outage map looks like, today. Here is what is expected to look like tomorrow. Into the hills for santa rosa, the people in jon mills are kenwood neighborhood have gotten used to it. Love you neighbors are hooked to generators now. I
I want members to know that i plan to continue this committees long tradition of collegiality and substantive substantive debate, even as we conduct our business from afar. I will continue to work with the Ranking Member mr. Smith and his staff to ensure that the rights of all members are respected in this new virtual format. Before i turn to todays important topic, i want to remind members of a few procedures to help you navigate this new platform. First, consistent with regulations the committee will keep microphones muted to limit background noise. Members are responsible for unmuting themselves when they seek recognition or when recognized for their fiveminute statement. Second, members and witnesses must have their cameras on at all times. If you need to step away from the proceedings, please leave your camera on rather than logging out. Finally, we have several members who are waving on to the subcommittee for todays hearing. Given the large number i will recognize members in an
With conditions good to moderate. That is nice to see. We will continue with good to moderate air quality through the day because of that strong ocean breeze kicking in, helping to clean out our skies and mix out all of that smoke and with that, with that sea breeze come we are starting off with foggy conditions and even some patchy drizzle along the coast and the bay. Oakland, that patchy drizzle for you in the mid 60s, low 60s in San Francisco and upper 50s for santa rosa with th fooon, wl see that clearing and temperatures in the upper 60s in San Francisco, mid70s in oakland in upper 70s in san jose and mid 80s for konger to let you know how long this clean, fresh air will last in the bay area in just a few minutes but now is check in with john and it is a foggy and drizzly start to the day. It is. Chp is issued an advisory. That is as you hit the roadway. The bay bridge a fog advisory is in effect. Be careful as you work your way across the span. You might have some limited visibil
Sanctions and claims to the South China Sea take center stage today. Stocks are shrugging it off. The dow up more than 400 points but the big tech is struggling faang, internet names that have been on fire are seeing weakness today. Were following it all 59 minutes left of trade. Certainly weve been all over the place in markets but were up as we stand with the major indexes we have a big line up of guests. In a few moments well speak with shrewsberry, cfo of wells fargo. And Robert Kaplan will join us and well speak with Michigan Governor Gretchen Whitmer an earlier biden endorser as biden lays out more details of his economic plan. Lets focus in on the big stories were watching at this hour wilfred has the highlights ph wilfred, start off with the banks here. The key focus, sara, as we expected it to be on provisions for potential bad loans. They rose from all the banks from q 1 to q 2 and rose more than expected. Wells fargos more than doubling quarter over quarter the big question
Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc