Sales force tower cam. Were starting out today with numbers in the upper 40s and low 50s. Well recover into the mid50s. Look ahead does look wet. Well have details when we cover the forecast more thoroughly. Here is gianna. With the foggy conditions, you may roll up on areas with limited visible. Be careful as you hit the roadways. Were getting reports of a couple new crashes into the traffic center. The first will affect your drive at 880 at 92. Getting a word of a broken down vehicle, northbound 101 at 84. This is blocking the slow lane. Not a lot of delays on 880 where the crash is you should be okay if youre trying to hop on the san mateo bridge. Another crash reported on 680 as you head through the grade. It looks like this is blocking one lane. Im jackie ward live in San Francisco at uber headquarters after a two year federal investigation about Sexual Harassment claims, uber has finally agreed to a settlement for 4. 4 million. That is how much they will be paying victims. This o
Head of the Us Emergency Management Agency says the agency is a redeployed an assistant team. A correspondent is in los angeles and does the latest. ~. ,. , latest. We are expecting to make landfall latest. We are expecting to make landfall in latest. We are expecting to make landfall in the latest. We are expecting to make landfall in the next i latest. We are expecting to l make landfall in the next few hours in a very remotely populated part of california and mexico. Tijuana, the border city, the tourist city in mexico is certainly in the path there the hurricane to their grave concerns that can cause some serious damage there before moving north into california has a Tropical Storm and that is the unusual part of this hurricane and Tropical Storm can get to california and is expected to continue moving north as opposed to moving west which is what hurricane would generally do and then dissipate over the ocean. The likely consequences are going to be extremely heavy rain in californ
Always a pleasure to see you. This is a company that almost collapsed two years ago. Why is it filing for bankruptcy in the United States . I think it is a legal move. The Debt Restructuring Talks were already going on with hong kong, cayman islands, word has holding companies. The advantage for evergrande to file for bankruptcy in america is a gives it some protection against us creditors for the duration of that Court Process. I5 creditors for the duration of that Court Process Court Process. Is there a lot of exoosure Court Process. Is there a lot of exoosure for Court Process. Is there a lot of exposure for foreign Court Process. Is there a lot of. Exposure for Foreign Companies Court Process. Is there a lot of exposure for Foreign Companies here . I think there is a certain amount of exposure. There are enormous amounts of debts, large amounts of the offshore bonds have lost their value and i believe many of the less risk taking investors already sold their offshore bonds a couple
Bankruptcy protection in the us under chapter 15 which governs Foreign Companies in the us, protecting them from creditors that might want to sue them. You have probably heard of chapter 11. That typically governs American Companies but it is chapter 15. According to Court Filings these negotiations are ongoing in hong kong, canaanite and British Virgin islands. We have reached out to evergrande that have not had conversation. To those who have wondered if they have ever thought of evergrande before it is chinas huge property giant. They have about 1300 projects across 280 different cities in china and they invest in everything, not just property. They have an electric vehicle maker and a football club, but as i mentioned, 2021 was when we saw the Company Default on its debts, sending shockwaves across the Global Financial system and triggering a string of defaults from builders who owed money to evergrande or expected them to complete some contracts. We have seen 40 or the companies t
You know, an iphone sold in the us or europe might be designed in california and built in india using Semiconductors Made in taiwan from Raw Materials provided by china. So if any link in that supply chain breaks, it sets up big problems for the rest of the chain. And thats true for smartphones, as it is for pcs, and especially in Battery Production for those Electric Vehicles were buying more and more of. So what if one country decides to make it harderfor others to get hold of some of those critical Raw Materials . Well, thats what china announced just last month. Translation the Chinese Government implements i Export Controls on gallium and germanium related items in accordance with the law to ensure that they are used for legitimate purposes in order to safeguard National Security and better fulfil our international obligations. For quite some time now, the us side has been abusing Export Control measures to continuously strengthen its crackdown on chinas semiconductors and artific