Release more chemicals into the air. Valero is assuring folks it wont bring in the dirtier heavier crude oil that its primary goal is to use the trains to bring in 70,000 barrels a day. The chamber supports it. Reporter the Benicia Chamber of commerce believes it will bring in money and jobs. They say valero has been a good neighbor. They have an exemplary track record for safety, probably the greatest one around here. Reporter it could be weeks if not months before the city makes a final decision on this project. They are still in the Environmental Impact report process. Its still early. Not that the city would have an official position on it yet. But individually are leaders speaking out on this . Reporter not really. They are trying to be in the middle because this project is so controversial. We talked to a lot of folks on the streets and a lot of them are against the project having the concern that a Train Derailment or something bad environmentallyfriendly so the city is saying that if it meets the requirements to build this project, then they would have no choice but to give it a go. But right now its all about how this is going to impact the town and the environment. All right, da lin, thank you. The most highly anticipated initial Public Offering since facebook is officially in the works. Today twitter which just put up this new sign outside San Francisco headquarters announced its filed for an initial Public Offering and that means the bay area is about to get a whole new crop of young millionaires. Sue kwon will have more on the ipo in a bit, but first, linda yee on how the tech boom is squeezing out our middle class. Reporter thats for sure. Real estate experts blame techies for driving up rents and Property Values so the solution, build more Affordable Housing. It does exist. This construction site is one of them but it is for only low income families. What about those middle income earners, guys that make 120,000 a year . Well, they are priced right out of the market. Reporter the official groundbreaking for a rarity in San FranciscoAffordable Housing. 75 Apartment Units for low income families being built by the Chinatown Community center. 18 units will be for formerly homeless families rents for qualified tenants an estimated 430 to 650 a month. One of the greatest challenges facing our city now as our economy is booming is affordability. Is making sure that everyone who ought to have a stake here in san franciscan. Reporter theres a building boom in housing but mostly luxury condos. For example, Developers Want to build luxury towers on this site along the waterfront. 134 condos costing an average of 5 million each. Getting squeezed out, the middle income earners. People making, for example, 90 to 120,000 a year. Too much to qualify for Affordable Housing. Too little to buy in this city. Online real estate marketplace economist. San francisco is a tough place to live for people who are in the middle income range. When we look at prices in San Francisco, it typically costs more than half of the average persons monthly wage. Reporter last year, city voters passed proposition c which gives familiar police that income range down payment assistance for first homes. Our Housing Trust fund was created last year to put 1. 5 billion in the next 30 years towards building that kind of housing and part of it already is being used for first time home buyers who are in that particular bracket to afford their first home and help them with their down payment assistance. Reporter even proposition c doesnt help everybody in the middle income bracket because there are different kinds of restrictions. And its the suburbs of San Francisco they are not any cheaper so this is a tough market and its not getting any better. In San Francisco, linda yee, kpix 5. Last november San Francisco voters passed proposition c which uses federal, state and local funds to support Affordable Housing programs for low income and moderate income families. For more information, go to our website, kpix. Com. As twitter employees wont become millionaires anytime soon, todays just the First Step Towards the ipo, sue kwon reports the company now has to open its books. Sue. Reporter it is a secret filing meaning that analysts and others cannot scrutinize the business only the sec will determine whether the finances are in order. And the company has the right stuff to grow and make investors some money. But whats unconventional is that in a tweet today, they wanted everyone to know about the secret filing as if to say, all right, already, stop nagging us to go ipo. Reporter in 137 characterrings twitter said we have confidentially submitted an f1 to the sec for a planned ipo. This tweet does not constitute an offer for any securities for sale. This twister is taking advantage of a new law that lets Companies Make 1 billion in revenue go public without showing anyone their books outside of the sec. The 7yearold company has been taking its time with this step. Its valued at more than 10 billion on target to hit revenue well above 550 million in 2013 alone and boasts 200 million active users sending 340million tweets a day. This step signals big changes for twitter. This means that they now feel confident about their ability to make money in the future. And you really have seen twitter over the last few months start to diversify and do a little more than than just those 140 character texts and tweets. They are getting into the tv business. They are getting into mobile advertising in a big way. They really want to take on google and facebook. They are getting into multimedia with video products like vine. No price range for the stock has been set and cnets molly wood says that could take several months. So twitters 1300 employees will have to wait a while until many can become millionaires. They are definitely going to add to the already wealthy San Francisco scene. And they are not the only ones to stand to get rich. The bank unriding the underwriting the ipo Goldman Sachs to make 50 million just for handling the deal. You kind of thought the Tech Companies got gun shy after the facebook thing. Right. Zynga, too, had trouble. All right. Sue, thank you very much. All eyes will be on twitters ipo after facebook botched the ipo in may of last year. Its Stock Plunged but now is at an alltime high of 44. 75. Zynga launched its ipo in 2011 at 10 a share. Now its at 3 a share. Yahoo stock crossed a symbolic milestone today. The Sunnyvale Company stock price had been as high as 119 during the bubble, but after the bubble burst, it got as low as 8. Today, yahoo shares topped 30 for the First Time Since february of 2008. It closed at 29. 65. Investors are reacting to ceo Marissa Mayers announcement yesterday that yahoos Online Services increased 20 since she took over the company last year. Well, for the first time in five years, minimum wage workers could be taking home a bit of a bigger paycheck. Today the Senate Approved legislation to push the minimum wage to 9 an hour by 2014. Then by 2016, 10. Its currently at 8. The bill just one step away from the governors desk. He has already said he would approve it. Bay area headlines. The judge will rule monday if the city of richmond can use Eminent Domain to seize underwater mortgages. Today two banks asked a federal court for immediate injunction. But the judge indicated their request was premature since richmonds plan is not yet in place. Banks call it unconstitutional. The. Police are looking for this man and you should get a look at him because that is a man. He wore a wig and mu mu would be robbing the west america bake in beniciaing as well as combat boots. Police dont know how much he stole. New tonight, we now know what caused the morgan fire on mount diablo. Cal fire says target shooting sparked the blaze sunday just after 1 p. M. The fire is now 90 contained. Firefighters expect the fire to be fully contained by tomorrow. No word yet if anyone will be charged. The wildfire that charred 20 of mount diablo did a lot of damage to the natural environment. Its not all bad news though. Kpix 5s john ramos has a story of death and rebirth. Reporter after any large wildfire, theres always that moment when the most deafening sound is silence. [ silence ] reporter this is what 3,000 acres of mount diablo look like today. They are calling it the moonscape. 20foothigh chaparral has been reduced to black dust. And as the buzzards circle overhead, some of the images are heartbreaking. But those who live on the mountain say they knew one day fire would come. Its one of the those things we all knew was going to happen, but just a matter of when, not if. One property at the north peak is at the heart of what was burned. Reporter save mount diablo is an organization that buys up property for conservation. That are land that used to look like this now looks like this. Some of the larger animals would have fled the flames but some smaller threatened species like the alameda whip snake and others undoubtedly died in the fire. No one has seen this kind of devastation since the last big blaze in 1977. And as tragic as these events may feel, the people here understand this is all part of a natural process. A lot of species on mount diablo have evolved with fire and even need fire and we are going to see spectacular wildflower displays come spring. There will be some species that no one has seen since the 1977 fire. Reporter like the fire poppy and golden eardrop will carpet the landscape from seeds that have been buried for decades. Pine cones opened by fire will soon begin to sprout new seedlings. And they say within a year here, new growth will become food and habitat for wildlife that migrate back to the area. This area will become ecologically more and more diverse over the next few years with the areas that have been opened up by the fire. Reporter the biggest concern now is erosion that could hit the area hard when the rains come. But thats a temporary problem that only man worries about. The mountain has survived thousands of fires in its lifetime. And as sterile as it all seems, if you look closely, you can already see life moving back in. On mount diablo, john ramos, kpix 5. The save mount diablo group says the fire will provide a learning opportunity as visitors will be able to view up close the natural progression of life over the coming years. I have children. Uhm sorry. [ crying ] coming up, how a phone call to people in one bay area neighborhood led to those terrified tears. How todays americas cup competition is make or break for team oracle and why a bay area sailor got booted from the team. You had to be patient to get the sunshine today but temperatures very, very comfortable outside. Live look from dublin. Well tackle that weekend forecast and beyond see if we are going to warm up coming up next. An iconic place like the bridge named after an African American in the state of california, its really earth shaking. Just hours after the western span of the bay bridge is named after willie brown, why critics are fighting to take that honor away ,,, there are so many things that we do on a daily basis. We run errands. We run to the grocery store. In fact, the average american drives fewer than 29 miles a day. The 100 electric nissan leaf goes twoandahalf times that on a single charge. Its a car. It just doesnt take gas. [ farrar ] so think about where you go in a day. Do you really need gas to get there . [ male announcer ] the 100 electric nissan leaf. Nissan. Innovation that excites. Now get a 2013 nissan leaf for 199 a month. A manhunt is underway right in East San Jose after 5 ard men burst into a home in brd daylight. It h developing news a manhunt is under way right now in East San Jose after 5 armed men burst into a home in broad daylight. It happened at around 11 30 this morning at a home on chrisland avenue near meadow lane. Kpix 5s mark sayre is live in East San Jose where the search is on for one suspect and its still going on. Reporter a scary dramatic after in the neighborhood. Santa clara county sheriffs deputies are looking for the final suspect in the case and are patrolling tonight. Santa clara county sheriffs deputies searched on the ground and in the air for the suspects involved in the robbery. About 11 30 this morning, five men burst into a home occupied by two women on chrisland avenue in East San Jose. Those women managed to call 911. As the deputies arrived on scene, the suspects were seen fleeing from the residence. Reporter since the victims reported firearms were used, sheriffs deputies and San Jose Police launched an allout search. Authorities combed through a parked suv looking for evidence and carried out three bags put in the trunk of a squad car. Three nearby schools in the Alum Rock School district were put on lockdown as well as the National Hispanic university. Authorities also issued reverse 911 calls warning residents to stay inside. Nothing like this has happened in the neighborhood. I have children. Sorry. [ crying ] reporter the emotion shows on this residents face. She cannot believe all of this is occurring right across the street. It is very scary. You dont feel safe with so many crimes happening. Its not safe anymore. Reporter now, right now the key unanswered question is motive. Reporter five suspects, four under arrest. The last one is on the loose, armed and dangerous. In East San Jose, mark sayre. Investigators dont have a motive in the robbery nor have they determined that the suspects knew one another. Oracle team usa is scrambling to make up for lost races in the americas cup. And it is coming down to the wire already. Don ford with the lastminute switch for oracles sailing crew. Reporter the end of pier 27 was filled with sailing fans but it was clear that kiwis dominated the crowd. We love the kiwis its very much kiwi country. Reporter on the water, Team Emirates new zealand and Oracle Team Usa are competing and up to now oracle has lost all races except one. And today, they changed their tactician replacing one for british helmsman ben aimsly. They started out looking good. Oracle played it perfectly. Reporter they were first to cross the starting line, faster down wind but it didnt matter. The new zealand boat is faster up wind. The kiwis won the first race. Whoo reporter the second race didnt go if i better for oracle. After the race, the skipper discussed the problem. I think it is a shock that they have the edge up wind. Reporter the italian skipper max serena no longer in the race says americas cup racing is un forgiving. Its too late. Unfortunately, in this game you only realize that when you start to line up against the other boats. Reporter new zealand 5, oracle 0. But still they are not giving up. Obviously push as hard as we can but we know we can win races. Reporter miracles happen but unless one does happen, looks like the americas cup could be heading to new zealand as early as this weekend. At the americas cup, don ford, kpix 5. The kiwis only need three more wins to take the trophy back to new zealand. The final races are this weekend. Well, we were kind of worried it would be cloudy for the races today but sounds like it burned off just in the nick of time. Then boom the sunshine comes out. A quick process you again to see that sun like 10 minutes later its all gone that marine layer gets thinner and burns off and you had a nice day outside. Even in the city you got up close to 70 degrees. But the clouds are back. They only go away for a couple of hours. Look at the flags blowing from right to left. That is the on show flow here comes the cloud cover and much of San Francisco already enveloped and the blanket will follow for the entire bay area once again tonight. Where is it sunny unland . You have the sunshine for the next several hours. These are your highs from today. Pleasant livermore 85, napa 81. Lots of 70s out there especially near the water. Redwood city 77. Good evening to you in san jose. Your high 76. Oakland you hit 72. Downtown San Francisco 69 degrees. Downward trend for oakland the past couple of days below normal yesterday, two degrees cooler today and likely youre going to stay below normal. If hot for you is 90 or above, there will be more. San jose your average last 90 degrees day october 5. Livermore not until october 11. So the window of opportunity is still for about three or four more weeks before we can say goodbye to any 90s. With the pattern over my shoulder right here not going to happen. We wont see any rainfall from this low pressure system. It will continue onshore flow keeping temperatures down. Look at the ocean temperatures. 60. 3 degrees. The flow coming from there. No 90 degrees. A lot of Morning Cloud cover but sunny and pleasant afternoons for the next several days. Concord 83 tomorrow. In the city 67. San raphael 80. Fremont tomorrow 73. If you like tomorrow i think you will love the next seven days because nothing changes. The onshore flow is going to stay just about as strong. Day to day a one or two degree temperature change but bottom line 70s near the bay and 80s inland. And thats just fine, not hot, cold, snowing, pouring. Not doing anything really bad. Just nice. So many things its not doing. Enjoy. Reporter im ken bastida in