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This is on fire. This is a two alarm response, we will get you more information, the crews are just arriving on the scene. The smoke was a different color when we first saw it, now it is white, which indicates it has a little bit of water on the fire. Again, when the crews get there, we will let you know when we find out. That is better than the thick black smoke that we saw just a little bit later. Welcome, it has been a busy morning. We are covering the upcoming democratic debate tonight. We will talk about that in a second, first, we will get to the top story today, three people are dead af...

You back here for abc7 tonight, Hurricane Hilary Taking Aim at Southern California. Forecast to be the first Tropical Storm to move across the state in more than 25 years. The major hurricane now a category 2 with winds up to 110 Miles Per Hour. The storm first expected to make landfall in mexico tomorrow. Parts of california bracing for extreme rainfall and lifethreatening Flash Flooding. Search and rescue teams on alert. San Bernardino County now issuing an Evacuation Warning to residents ahead of the storm. The National Weather Service Warns some areas could see a years worth of rain in les...

August 17. 6 00 a. M. On the east coast. Walmart sets the tone in the nations largest retailer reporting before the opening bell, were watching the impact on markets, the stock right now higher, take a look at futures with the firmer tone in the green, dow industrials higher after the Federal Reserve raised its joe biden minutes saying inflationary risks could be a cause for further tightening. A majority of members the upside to economic pressure. All of this pushing the ten year treasury yield to the highest level in 15 years. Take a look at the yield 3. 78 basis points this morning, everyth...

Climate. Maria thats right. You saw recently in new york city theyre mandating pizza ovens have certain type of carbon emissions, if they dont they have to get rid of them. We have businesses that have been around for generations and now are put out of their place. Were finding that what lot of there was a guy the other day who bought a electric car, he had to undergo 130,000 worth of fees to get maintenance and it was in the shop. Its one of the things that theres so many things that havent been tested to the full extent. I think if youre a consumer, hold off as long as you can because hopefu...

Were peppy boys. Three down weeks in a row for stocks. It looks like weget out of the gate in a positive way. Dow would open higher by 133. The s p is good for 21. Still early with the nasdaq which has been beaten up is up 89. Bond yields here come after declines of 2 last week for each of the major averages. Treasury yields spis part of th story. 10year treasury eased off last week, but still at 4. 29. Steve. The upper end of the range recently. 4. 30. Some people telling me 4. 50 is not out of the question. A lighter touch from the China Central bank. Lowered the oneyear prime rate by ten po...