i m tyler mathisen. welcome, everybody. we begin this hour with the latest on that massive blaze. cnbc is 200 miles south of the fire line in edmonton. hey guys, the cooler weather and light rain is providing some respite for fire fighting officials. this wildfire is still out of control and is being referred to as the beast. now i want to put the size of it in perspective for folks watching from home. consider this. it is now twice the size of new york city, all five bureaus. twice. it is absolutely massive. 10,000 people now have been displaced. as for the city of ft. mcmurray, the gateway to canada s oil sands, the zbas shut off. the electrical grid is damaged. the water is undrinkable. that makes it very difficult to know when the thousands of displaced residents are going to be able to return home and find out if their homes are even still there m of them are behind me at the evacuation center here in edmonton. even officials here, the manager of this evacuation center
it s sent the stock down. we ll explain that further. and as donald trump takes center stage as the presumptive republican nominee, how to trump-proof your portfolio. let s start with the decline in oil prices. jackie deangelus walks by. were you going to tell us than? no. it s all despite news of the wildfires in canada and a big shakeup with the saudi arabian government. its oil minister is being replaced adding more questions on who s in charge of the oil. let s talk about what this means for the energy markets. was this entirely unexpected? no. the mr. everything deputy crown prince he s really been setting oil policy for some time. this was not unexpected. it was a little brutal the way he was dismissed by a royal decree. he s kind of the alan green span of oil in saudi arabia almost frankly for the whole world and to see him the news didn t go out as he resigned and we all have to read between the t tea leaves as to what happened. it was pretty clear. he was
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