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Good afternoon. We are expecting an update from the governor on our heat wave and energy concerns. First, lets get right to mary lee. Yes, i am still tracking thunderstorms with numerous lightning strikes on High Definition doppler. So, zooming in, catching heavy downpours as well as the lightning strikes arf cloverdal you can see several lightning strikes up near willis. With those thunderstorms pushing through. Even though the red flag warning has expired, there is still a very high fire danger due to the lightning strikes as well as how dry everything is. We will continue with all of these heat advisories for the bay area due to the dangerous heat. Temperatures are climbing there the rest of the afternoon. Triple digit heat for fairfield. We are looking at the 80s around the bay. 89 for oakland. We are looking at the chance to see a few more thunderstorms this afternoon. Things should quiet down through this evening. At least ....
Lightning sparked fires. Cal fire at this point has not yet given any specific information on the size or the containment of the fires. Evacuations are underway due to fires along Hennessy Ridge road. As we get more information, we will bring it to you. All of this is happening as a heat wave continues in the bay area. Governor newsom will give an update on the states response to the heat wave as well as the covid pandemic. He signed a proclamation to free up Energy Capacity and reduce the need for Service Disruptions which we saw through the weekend. We will bring you the governors News Conference as soon as it gets underway. We will bring in rosemary with how high the temperatures are going. Another bad day today. The northbay looks like its bullseye for th ....
Treasury market, youll see the ten year right now is yielding all the way up at 1. 829 30year back at 2. 3 so some much higher levels of yields than weve been used to in recent month. Our top story, a series after attacks that took place over the Weekend Energy prices are soaring. Wti crude at 59. 55 brent at 65. 60 Big Questions for the future of the aramco ipo airline prices, all sorts of things Brian Sullivan is covering the huge moves in the oil prices in houston. But we want to start this morning with hadley gamble in riyadh, saudi arabia good morning, hadley. Good morning, guys. We are now over 48 hours from the largest ever terror attack on saudi arabias Oil Production facilities and still very muted response from not just the government itself but aramco were ....
Now. Welcome g. To have you with us on this monday. Our Investment Committee at the table today. Also with us on set with the jp morgan. Good to have everybody here today. We begin with stocks. The s p up three straight weeks. Is this the week that ends it or prolongs it . I dont know that it exits. Obviously, we have the fed this week. There are all kinds of different news stories in front of us this week as we speak. I dont think this is something that absolutely derails us. When you look at personal spending and what goes in from the oil trade perspective, its very small. I think we are able to get back up and running faster than folks think. Today the big spike has everybody a little flustered as you get a big move in wti over 61, thats a big move. We have volatility that remains really, really low. I think that speaks volumes about what people are thinking right now. With the market down 100 and change and the volatilit ....