chevron announced the situation stabilize by 3 pm. if you are concerned about that or anything in the future, the chevron refinery, if you live nearby, you can check the pollution types and levels by going to our website, ktvu.com. >>> villaraigosa four is right over there, have you fixed everything on the roads ? >> yes. . >> sometimes you can do that ? >> to answer the question in a more serious fashion, we are seeing some slow traffic. but it is just a little better on a friday. normally on this commute, we are seeing stop and go traffic and some slow commutes. from livermore to dublin it is doing well. no problems here on interstate 880 in oakland. and driving out to the bay bridge toll problems. we had a couple of earlier problems that did not end up being big delays for people. let's bring steve in. >>> not so good on rainfall. phillips station is the sierra/tahoe ski resort. that is what they are measuring here. over 18 inches of snow. we have 2.6 inches of snow water equipment that . >> equivalent. we are now at 58% of santa r

chevron lower by 5.33%. both energy companies reported rare quarterly earnings misses but citing international refining operations, when you have two dow names down this much, that is a problem. dow down nearly 600 points, six point away from a 600-point loss. looking at the dow right now, i need you to keep your eye on the lower ticker here. we're going to be cycling through everything as we wait to hear from president trump. we've got attorney general jeff sessions has responded to the controversial fisa memo that was released to the public today. sessions saying he has, quote, great confidence in the department of justice, which of course means the fbi as well. but also said that no department is perfect, he will forward, quote, all relevant information he receives from congress regarding this. now in a statement, sessions also said, quote, i am determined that we will fully and fairly ascertain the truth. the truth about what? adam shapiro on capitol hill. adam, the atmosphere is swirling around this. wh

that is because of chevron and exxon. yellow, chevron is down 5.5%. exxon in blue is down about 5%. ofir worst fall since august 2011. we are looking something on the order of something not seen in the past seven years. crude also fell from the $70 mark. itrsday, goldman sachs said could go to $82.50. friday, people said not so much. in terms of these two companies, you have to talk about two misses. this is worldwide output. for revenue, the top. eps at the bottom. for thesee that far past four quarters. it was not enough. analysts were actually thinking that they would hit a six alien dollars more in run -- $6 billion more in revenue. up by 19.9%chevron, in terms of revenue growth. investors are looking at the eps. for eps adjusted, those were both misses. exxon, it missed by $.15. chevron was way more. $.55.sed by this is what worldwide output is looking at. perspective, your you think the lines do not make too much of a difference. we are talking about single-digit rises and falls. that is enough to weigh on investors minds. the .9 9 million barrels was them yet -- 3.9 9 million

. >>> another stock to talk about today on your screen is chevron. those shares have fallen more than 12% however, bank of america says now u is the time to get in. firm upgrading chevron to buy, calling for a 20% upside to here our call of the day. who want this is one >> i'll start. >> okay. >> i'll start with i think what you have to do is compare chevron to exxon and compare natural gas the crude oil. if you're a straight believer in crude oil, you probably want to go more to straight exxon because they have more exposure there. zpl you o>> i believe natural gd crude oil sort of together and also the chemical business that exxon offers they off a bigger percentage there. so i think exxon because of the diversification may be one similar businesses, but there are many differences under the sheet so to speak! crude has cle >> you know what, you're not seeing the rig count really ramp up to meet it. so it looks like this new trading rage is set, which means exxon mobil is fine. chevron texaco is fine a 6% dividend yield, but all of these are fine no

chevron corporation is a tiny part of that. i think everybody knows the story, but the story basically is, thesndtries concealed the fact that they knew the effect that fossil fuels would have on global warming for decades. d they all were involved in efforts lobbyists andther organizations. they spent millions and millions of dollars trying to convince people that climate change was a fraud and that it was not something we needed to worry about. fact, a lot of them are still doing that. >> how does it affe your city in terms of what you have to extend to cut down on some of e effects? >> as you just mentioned, richmond has 32 mil of shoreline, more than any other city on san francisco bay. we have two intercontinental railroad terminals in richmond. we have two waste water pltreatment ts. we have thousands of acres of regional parks. we haveds neighborh and we have a refinery, all of whie subject to inundation rer sea level rise. so we're y in the process of for that. you know, ourcity, along with other cities on the water, ar

exxon and chevron could continue to benefit from higher prices. this week, goldman sachs raised its oil forecast. while the road to recovery may be slow some fee there could be a light at the end of the tunnel. for "nightly business report" i'm jackie deangelis. >>> time to look at some of today's upgrades and down grades. apple's rating was cut to market. perform to outperform at ei bern the firm says demand for the iphone x dinpped dramatic september and the price target dropped are to 170 from 195. the stock dropped into correction territory, n 10% ble its all-time high. -- google's cloud market share, mazon and regulatory risk are reasons why this stock was downgraded. shares fell 5% to $1119. >> hp taken down a notch to neutral from buy at mazuho. the firm sites limited upside to earnings over the near riterm. the target says where it is, $23. shares fell 3.5% to $22.48. te pharmaceuticals downgraded to sell fmeutral thechlt cited declines in the u.s. generic drug markethend h borrowing costs. price down. >> still ahead, market monitor, thes

chevron hoy aprendÍ en la escuela e hice una papeleta de washington. palmira: siga mandando su mensaje a noticias 14 univisiÓn.net. ramÓn: ya nos vamos. gracias, buen provecho, nos vemos mÁs tarde. lili: lunes 26 de febrero. los soÑadores recuperan la ilusiÓn gracias a un fallo de la corte suprema que mantiene vigente la libia migratorio daca. no soy cobarde dice el policÍa que permaneciÓ afuera en donde ocurriÓ la matanza y no entro confrontar el pistolero. el alguacil dice que no renunciarÁ. una maestra de texas nos habla de un programa que le permite llevar armas a la escuela, despuÉs de completar un entrenamiento psicolÓgico. rescata a mÉxico 427 personas encadenadas. secuestradas por traficantes de inmigrantes. pedÍan

after complaints of flaring at the chevron refinery in richmond. we first brought this story yesterday morning as breaking news. the bay area air quality management district says it got at least two complaints of flaring yesterday morning. chevron released a statement saying -- flares are a "highly regulated safety device ... monitored by the air district." chevron also apologized to the public for any concerns caused by the flaring. ( robin ) on the peninsula... officers with the san mateo police department will start wearing body cameras. the department announced all officers are now equipped with the body worn cameras. the cameras will be mounted on their chest or helmet. officers will record incidents they deem as necessary. ( robin ) a federal appeals court upholds a san francisco law that regulates a landlord's ability --- to buyout renters. back in 2014... san francisco supervisors passed the law over concerns that landlords were forcing tenants to accept buyouts... to get around rent control. landlords argued against the law -- saying it vi

.>> reporter: chevron was not doing interviews. they called this incident highly regulated, intermittent flaring isolated to one part of the refinery. you decide. the flare stacks started shooting claims at 7:30 am. the flare stacks are safety devices to relieve pressure by channeling toxic materials into the atmosphere to avoid explosions. chevron stated there was no need to shelter in place.>> it is part of lice in richmond. if you choose to live this close to the chevron refinery, you have to expect it.>> the senior scientist for the nonprofit community for a better environment pick >> a high hazard facility. when there is an imbalance, we should be concerned. every time they have an upset there is the potential for it to cascade into something disastrous.>> the district has investigators on the scene. the agency told me that chevron told it the situation had stabilized at 3 pm. 7 1/2 hours after it began.>> flaring is a safety device that is only supposed to be used when something goes wrong. this flaring event has been going o

aboutn see chevron down 5.5%, exxon mobil in blue, down about 5%. all of this happening in tandem with the fall of crude, pulling away from the $70 psychological mark on friday. on thursday, goldman sachs said we will go bullish on this, 82.50, it investment -- investors followed them higher, but on friday, not so fast. all of this coming together. earnings be go, this was the biggest laggard. taking a look at revenue on the top side of your screen. eps on the bottom. 15.6% fored, up revenue growth year on year. sounds good, at its highest in the past three quarters, but they are expecting $6 billion more in terms of revenue, so that 15.66 did not cut it. -- upevron in blue, up by year on year, it beat estimates by a little bit. eps, looking at the actual profit, bottom line is it did not come in. a huge mess. the numbers for exxon, eps at mid -- a miss. chevron was three times as much, $.55. but wait, there is more bad news. in terms of worldwide output, the blue bars for exxon worldwide output, you are probably saying, at about the same level, not

chevron was muddled but people weren't satisfied. clorox looked good but issues on higher commodity prices, manufacturing prices that impacted them. apple was a clear disappointment that's a huge influence. that earning see it was very important as well today. for the sectors for the week, there really wasn't many places to hide at all that reflation trade we keep talking about, materials and energies, semiconductors even consumer staples were down. that's what i mean, it wasn't just a reflation trade selloff it was a broad selloff there's the banks, higher rates slightly to the downside they're looking for bottoms. look at the technicals historic high end of january, 2872 2761 was the close today our 50-day moving average, about 40 points below that if we hit that, that would be about a 6% decline from the historic high of 2872. if we hit the 200-day moving average at 2532, that would be 12%. those are convenient numbers, 6% declines, 12% declines a lot of people have been saying, gee, i would love the market to drop 6% so we can bu

chevron is down as well. s&p 500 being led lower by alphabet, down 6% following earnings. a look at the other assets, the bloomberg dollar index is 1%. following the jobs report, the 10 year yield has broken the 280 mark. this is bloomberg. vonnie: from new york, i'm vonnie quinn. mark: and from london, on mark barton. check out what is happening to u.s. stocks. a big fall here. down for a bit consecutive day. on track for a second weekly drop. drop the biggest weekly since november 2016. stocks down 1.3%. something significant has happened, it has raised gains back on january 23. an annual gain of 5% disappeared. vonnie: stocks are lower. earnings are turning, the dow down being lowered by chevron which disappear -- disappointed the street. alphabet is the worst performer, also a disappointment. ellen.back with we were talking about the nac chiefs comments. there is momentum for infrastructure plan. could that make a significant difference? ellen: absolutely. it is a big job creator. there is a lot of hard equipment investment that goes on to support infrastructure spendi

we see exxon in blue, chevron in pink, finally rising above the flatline. the last time they were positive oil was, 2015, when wti around 70 bucks or so. the big question with cash flow, what are you going to do with it? a lot hoping they will do buybacks, dividends. some are worried they will be pulling back from the fiscally more responsible times when oil was lower here. here.next chart plan.s the u.s. tax a lot of small things and he was businesses have said we will get a bump. that might be a wash . off all they can write of these expenses. because of what is happening with tax reform, looks as if they may not be able to do as much of a right of -- of a write-off as possible. follow me to this screen. this is a new chart. the united of all states, we are pushing more than 10 million barrels a day. exxon says it will be pushing into the permian, about $3.3 billion for an investment this year alone. chevron, they are both saying it is part of their plan for the next decade. those are the pros and cons we are looking at in terms of what could be ahead for

chevron and exxon are numbers 14 and 20 on the dow. when they see losses of 5% multiple days in a row, it's an issue. for these companies, elevated oil prices in the fourth quarter alone, they were not enough to mend what was broken but still there is optimism that another quarter of higher crude prices, positive tax benefits and more time for rebalancing will pave the way for better earnings next quarter. yesterday's overall market losses were significant. all bets will be off if the market decline stops being orderly. but for the moment the commodity market could offer insight into longer-term stability. watch those gold prices carefully too. >> jackie, thank you very much for that. >>> up next, financials falling. the banks having their worst day since the brexit vote in june of 2016 an analyst's take on the move. as we head out, another check on futures. that the hour, down over 600 points for the dow 630 points the s&p is down 45 thnaaq ie sds down 50 points we're back in a couple minutes at t. rowe price we've helped our investor

. >>> new this morning, chevron reassuring people that live in richmond that this intermittent flaring you see at the refinery is not a cause for concern. it's highly regulated and monitored. there's no shelter in place at the time. chevron apologizes for any concerns this causes those who live nearby. >>> canadian prime minister justin trudeau has arrived and his resume reads like a who's who of silicon valley. matt keller live for us at sfo. >> reporter: this could be considered a business trip for prime minister trudeau. he'll be meeting with top executives in the bay area. he just left sfo and headed to the sales force office to meet with the ceo there. here's video we took in the past hour of his motorcade leaving sfo. he's meeting with salesforce ceo and other tech leaders starting at 11:30. he'll visit the abdirect offices and then meet with amazon ceo jeff bezos who we also saw arrive here at sfo. business insider is reporting this is trudeau's chance to pitch toronto as amazon's hq2. more business meetings will follow tonight. trudeau says this is an opportunity to meet with g

. >>> chopper 5 giving us this view of some flaring at the chevron refinery in richmond this morning. richmond fire says that chevron lost a recycled compressor forcing an emergency shutdown with some intermittent flaring. but there is no safety concern right now to residents. >>> there's no rain but there is some flooding in san mateo. a large water main break is causing quite the mess and even a school closure. kpix 5's anne makovec joins us live from san mateo with the latest. >> reporter: four homes, a school and church are flooded. they are trying to fix this. no estimated time on when they will be able to do it. minimal amount of water coming out of that hole right now here along el camino real. but take a look at our view from chopper 5 earlier morning. you can see the massive amounts of water that they were dealing with. it was a two-foot-wide water main owned by cal water that broke under the sidewalk at about 6:30 a.m. blowing an eight inch hole in the pavement and spewed water at 3,000 gallons a minute. it flooded four homes on aragon boulevard and st. matthew's catholic ch

and second is chevron. this stock made no science when it was trading at 173. even with shv ron down 15% it is still not attractive you don't want to own a big integrated oil when money managers have turned on the entire cohorts next is intel. the darn thing trades at 12 times earnings, no longer just the pc but also the data center. that said, nvidia has been my favorite while is nowhere near as cheap as intel. if it gets hammered again, it will be worth buying nvidia is king and intel is bishop caterpillar has become a momentum stock when you hear people say the market is too high and it went too high too fast, cat has become exhibit a stock was 62 years ago and now it is 149. sounds like no man's land. fifth is exxon unlike chevron, exxon didn't go to ridiculously low levels i think you have to be discipline on this one you have to just say no and even though exon wasn't as high as chevron, it can be lower number six is j and j. the actual best earnings genera generator is abbvie. th of all the stocks pfizer is least interest of me it makes a game changing a

after complaints of flaring at the chevron refinery in richmond. the bay area air quality management district says, inspectors are on the scene. this morning... they received at least two complaints of flaring. chevron released a statement saying .... flares are a "highly regulated safety device ... monitored by the air district .. used in the refineries." chevron also apologized to the public for any concerns the flaring may have caused -- but says, there is no need to shelter in place. (steve) today -- berkeley police worked to clear out a homeless encampment at old city hall.... after several complaints from the community... and a fire at the encampment on tuesday. public safety officials say there were also worries over hypodermic needles and human waste. the encampment was a growing concern due to its close proximity to berkeley high school. officers went to the encampment early this morning to give people notice that they had to leave in a few hours. ((pam))lawmakers in the state capitol are taking action to prevent sexual harassment. today d

in public advisories, chevron stated there was no need to shelter in place.>> it is part of life. if you choose to live this close to the chevron refinery, it is something you have to expect and it happens only periodic basis.>> a high hazard facility when there is an imbalance for any reason, we should be concerned. every time they have an upset there is a potential for it to cascade into something disastrous.>> the management district investigates trying to determine the cause. the agency told me that chevron told that the situation had stabilized at 3 pm. 7 1/2 hours after it began.>> flaring is a safety device only supposed to be used when something goes wrong. this flaring event has been going on for hours.>> only because the wind was calm and talk to us rises. this was not an issue in the neighborhood. had the wind been blowing and laid a smoke and omissions down, it could have sent people to the hospital as it has in the past.>> some of these pollutants go into the community and tens of thousands of people go to the hospital. we get the fallout.>> is a way to check types an

certainly when you're talking about exxon and chevron causing some concerns. if you look at the underlying business, we've had some big disappointments, particularly over the last week or so. when you look at the two big tracks, you have wells fargo. the issue with the federal reserve has to do with profitability. tellingral reserve is it can't grow this year. past reporting another loss in one that was wider. finally today, can't forget about some big deals that may or may not be happening. bid to $82ising its per share. is its last and best offer. then there is bloomberg news's report of advanced talks to buy -- commodity trader of funky blonde key -- >> thank you. this get more insight to while day as they doubt falls. senior equity specialists. we are seeing not the bottom fallout, but a lot of momentum to the downside. different question mark >> i think it is a of what we have seen the last few days. i think investors would be well-placed to remember. hasur opinion, nothing fundamentally changed. is thisiew, while it concerning, it does not really change

state owned petro china is already the largest foreign investor in iraq and it could work with us chevron and francis to tout to exploit the field other big players include exxon streets the story for those to lazy to find a bin for their trash and jenin city is taking on the disposable coffee cup culture and it's burned up quite a nice idea. street sweepers in hanover have had enough of disposable cups with all too many pedestrians simply dumping them on the street as soon as they finish their coffee the explosion of coffee takeaway outlets in recent years has unleashed a steadily growing flood of extra trash and pick ups take up a huge amount of space in trash cans it only takes four or five large ones to fill up an entire sack. but. the number of cups we get nowadays is just huge every kiosk every cafe sells them and it's causing enormous problems here in hanover. on average hanover's half a million plus residents jettisoned over twenty million used paper cups annually the city authorities decided that was far too many and began fighting the deluge a year ago. the cardboard on the surf

chevron and france's to town to exploit the field other big players include exxon mobil russian oil and british petroleum. but the world's second largest oil company royal dutch shell was less optimistic about the field saying it wasn't profitable enough it's pulled out and plans to focus instead on gas production. building nations to cleaning up all streets a story for those too lazy to find a bin for their trash and jenin city is taking on the disposable coffee cup culture and it's burned up quite a nice idea. street sweepers in hanover have had enough of disposable cups with all too many pedestrian simply dumping them on the street as soon as they finish their coffee the explosion of coffee takeaway outlets in recent years has unleashed a steadily growing flood of extra trash. and for cups take up a huge amount of space in trash cans it only takes four or five large ones to fill up an entire sack. but that is an enormous number of cups we get nowadays is just huge every kiosk every cafe sells them and it's causing enormous problems here in hanover. on average hanover is half a millio

state owned petro china is already the largest foreign investor in iraq and it could work with us chevron and francis to town to exploit the field other big players include exxon mobil russian look at oil and british petroleum but the world's second largest oil company royal dutch shell was less optimistic about the field saying it wasn't profitable enough it's pulled out and plans to focus instead on gas production. all right here's a moment of truth now hands up who is grabbing a coffee on the way to what and then tosses the empty paper cup into a bin just before catching a train ok need to guilty as charged but we're not alone coffee to go is big business in many come on the what is now taking on the disposable coffee cup culture with a re-usable cops take a look. street sweepers in hanover have had enough of disposable cups with all too many pedestrians simply dumping them on the street as soon as they finish their coffee the explosion of coffee takeaway outlets in recent years has unleashed a steadily growing flood of extra trash. and pick ups take up a huge amount of space in trash

(female singing) ♪ incredible india kpix 5's sandra osborne is live at a chevron near the airport in san jose with a look at the numbers. and unfortunately for drivers in san francisco, aaa lists the city as the highest gas cost in the contiguous united states with an average price of $3.44 per gallon of regular unleaded gasoline....the national average is 92-cents cheaper at $2.52. oakland is paying an average of $3.33 per gallon. here in san jose, gas prices are an average of $3.32. still, triple-a says overall they seen an improvement ac he country with an average price that' . >> reporter: the national average price for gas dipped slightly across the country but here in california, we're paying extensionive prices at the gas pump. triple a and unfortunately for traffic in san francisco, aaa lists it for the highest gas costs in the united states with an average price of $3.44 per gallon of regular unled gasoline . the national average is $2.52. oakland paying an average of $3.33 per gallon and in san jose, average of $3.32. aaa has seen an improvement across the kowrch try with a

back out here live, we're near the airport in san jose at this chevron we found across the street. gas prices at $3.33 per gallon if you pay with cash. if you're wondering where in the united states is the cheapest gas, that's jackson, mississippi, paying more than a dollar less than us. price is $2.23 per gallon. sandra osborn, kpix 5. >>> oakland mayor libby shaft feeling the heat for sharing what she heard as a large scale ice raid in the area. she received hundreds of nasty messages on voice mail, social immediate. >> including -- media including death threats. one wasn't a death threat but the caller was not happen. >> the trump administration ought to come down there and put cuffs on every one of you son of a guns that don't follow the law and the creepy mayor of oakland ought to be the first one that gets cuffed for treason and drag her out of the mayorship. >> the mayor said she has no regrets about the warning and plans to continue on with her busy schedule despite the threats. >>> thousands of undocumented immigrants at risk of losing status under daca but yesterday the s

chevron says it was an isolated incident. air quality inspectors say it's not yet clear what chemicals were involved in the flaring but they say they will issue insist if violations occurred. >>> let's check in with meteorologist spencer christian about the air quality and the warm weather. >> it was our eighth consecutive day of record warmth. live doppler 7 shows clear skies across the bay area. let's look at those records. high temperatures all across the area, including the records. and they are the ones with the asterisks. 82 degrees in gilroy, setting record highs for this date. even now, as the sun has set, we have clear skies and temperatures still well into the obvio 60s all around the bay area. i'm happy to report we have pretty good air quality, which will get even better over the weekend. i'll give you a closer look at air quality conditions a little later, dan and christian. >>> in antioch, an officer-involved shooting at a gas station in the last hour near the antioch reservoir, where a man was shot by police. p

the prices here at chevron are $3.49 per gallon. analysts predict we may see the four dollar mark for memorial day weekend. here is what's going on around the bay area. this is from aaa. in oakland, uc $3.24 on average. that $.10 more from a month ago. in san francisco, the current average is $3.58, that's up $.12 from a month ago. and in san jose, the current average is $3.23, that is $.22 up from a month ago. californians have to pay a new gas tax that is $.12 more for gasoline and we may still feel the effect the parking harvey with -- which shut down refineries in texas. your record crude oil exports are driving up prices as well. if prices follow usual annual trends, you can expect to see the prices go up in spring and stay higher until fall. prices may now be the lowest you will actually get this entire year.>> the evidence shows the gas prices going up because of oil prices. you will see increased economic growth in asia and europe -- that should lead to increased demand for oil. >> reporter: according to the analyst, typical

john williams and rob kaplan are speaking today as for earnings, chevron, exxon, merck, clorox, estee lauder and sprint report before the bell. >>> let's talk more about big energy names reporting today jackie deangelis joins us on set. royal dutch shell were able to triple their profit because of the rise in oil prices is that something we should expect from some of those u.s. names today? >> it's one of the issues. three things you need to watch for that the street will be looking for from exxon and chevron today. they'll look to see if there's a benefit from higher oil prices if they were higher for a quarter, that helps. but it's not a long-term boost for these companies. the second thing they're looking for is guidance or commentary on how tax reform will impact these companies as they go forward conoco phillips yesterday had a deferred cash profit and said they would take about a 900 billion deferred revenue charge because of the deferred tax plan there. the thirdthing is regulation president trump is saying he's going to make it easier for companies to explore and do production

chevron says flairs are a highly regulated safety device. but they always seem to get our attention with good reason. >>> all right. let's turn our attention to the weather forecast. the warm weather continues to hang around the bay area. meteorologist sandhya patel is here to let us know how much longer. >> yes, dan, unfortunately another week of this here in the bay area. we are hurting for rain. look at live doppler 7, and you notice no radar returns. not expecting any any time soon. right now i wanted to show you the record highs today. dill roy a new record. 82. the old record was back to 1963. sand rafael, kent field both tied records at 74 degrees. when you look at how warm it was anywhere from 10 to 20 degrees above average. look at the highs. 76 in soont rosa. antioch. 74 in san francisco. 76 in san jose. yes it was cooler along the coast and parts of the bay. but certainly not where we should for this time of year regardless. so really we are falling behind in the rainfall department. and we're not expecting any here any time soon.

chevron has apologized for this incident and the inconvenience to his neighbors. >>> minister justin trudeau is here -- prime minister justin trudeau is here in the bay area. later today, he will visit the offices and meet with leaders of amazon, and ebay. he was -- is set to meet with the governor before adding to los angeles. senate leaders say they have reached a two-year agreement with, which could prevent the government from shutting down. nancy pelosi and other democrats have said that they will refuse to support the measure if house speaker paul ryan does not promise to work on separate immigration legislation. >> reporter: the clock is ticking to avoid another government shutdown. lawmakers are facing a midnight deadline to find a budget solution. senate leaders making progress by striking a bipartisan deal. which would fund the federal government as well as provide money for the military and domestic programs over the next two years. >> it will ensure findings for important efforts such as disaster relief, infrastructure , and building on our work and fight opioid lease and

chevron announced that the situation stabilized by 3 pm. if you are ever concerned about pollution levels near the refinery you can go to our website, ktvu.com and click on web links and we have a direct link to where you can check on that. >>> villaraigosa four, you have your hands full. . >> we are getting a little bit of a break on friday is not unusual. and that we expect it and hope for it. as i look at some of the commutes, on tran to pass, you will see slow traffic on 580 and 205. there is the slow traffic as you drive through the area. there have been no major problems here. you with the traffic is moving well in both directions. at the bay bridge toll plaza, the metering life have been on. what's happening here is, we have problems on the upper deck of the bay bridge. it was a stalled vehicle. they got it out of the way but it did slow traffic down. let's bring steve and. >>> thank you sir. good morning everyone. our weather is pretty quiet. we will look at where it has been cold. 25 below in fargo. these are the wind chills. green

exxon and chevron together have 40% of the etf exxon is down some 5%. one thing i will note about the xle is this decline has brought the dividend yield up 3% it was above 3% during the oil crash. also, the xop, that's the exploration and production etf, it's basically equal weighted. no stocks in particular dominate that also down 2.9% down 10% on a one-year basis oih, this one dominated by halliburton and slumberge. basically nowhere to hide in the energy space, guys, in particular i think because some of the downstream operations of exxon mobil were the weakest, chemical, petro and refining that's where the see the defensive elements of these stocks it seems like it's a little bit of a purge down 5.5% the xle. flattish on the year. >> it's interesting, you heard so much commentary about higher oil prices sticking around and the integrateds remaining down and the cap ex, we're seeing wti. the dollar is finally strengthening along with interest rates you have to wonder what the oil back drop is going to be in 2017. >> exactly i think you did have hedge

chevron says it was an isolated incident. air quality inspectors say it's not yet clear what chemicals were involved in the flaring but they say they will issue insist if violations occurred. >>> let's check in with meteorologist spencer christian about the air quality and the warm weather. >> it was our eighth consecutive day of record warmth. live doppler 7 shows clear skies across the bay area. let's look at those records. high temperatures all across the area, including the records. and they are the ones with the asterisks. 82 degrees in gilroy, setting record highs for this date. even now, as the sun has set, we have clear skies and temperatures still well into the obvio 60s all around the bay area. i'm happy to report we have pretty good air quality, which will get even better over the weekend. i'll give you a closer look at air quality conditions a little later, dan and christian. >>> in antioch, an officer-involved shooting at a gas station in the last hour near the antioch reservoir, where a man was shot by police. p

for the week we saw chevron down 9.6%. energy was a big selloff, 1 1/2 year lows. dupont down over 7% each. united health on story of amazon. jpmorgan, lots of different stories, as rising yields happen we saw equities selling off. we got a great jobs report. interestingly enough, black monday we sold off 508 points. that is less points than what we got now. today we sold off just over 2%. on that day it was 22 1/2%. so when you talk about percentages, versus points. david: you have professor irwin cory behind. >> they call him nyse ion steen. melissa: he is nyse ion steen. look at that. david: have a wonderful weekend. the great to see you. melissa: wait for republican memo. it is now over, the bias after the fbi against president trump. democrats are pushing to release their own memo with their side of the story. seems only fair. bill mcgurn sounding off next. dry mouth has been a problem for me. i just drank tons of water all the time, it was never enough. my dentist suggested biotene. my mouth felt more lubricated. i use the biotene rinse and then i use the spr

you can see flaring and spoke coming from the chevron refinery. they call it an isolated incident that the plant is operating, and the people nearby do not have to shelter in place. but robo calls have been made notifying the neighbors of the flaring at the plans. they have apologized for the flaring and the inconvenience to their neighbors. >>> an update about the flooding at the dmv near the oakland coliseum. that office at 85th will be closed today while crews clean up the water damage caused when thieves stole copper tubing. dmv employees found the damage wednesday morning when they arrived for work. the thieves climbed up to the roof of the dmv and stole copper tubing from an air conditioner system, the copper isn't worth much but the theft caused thousands and water damage. water flooded the building, tiles fell from the ceiling. the coliseum dmv office is closed, scheduled driving test will take place. other appointments will be honored at nearby dmv offices. those are a couple morning headlines. back to you. >>> thank you. >>> facebook and

it was far worse than the chevron fire of 2012. >> reporter: we are back here live. the folks here at simms point out that there have been no injuries reported so far. they say they apologize to the community for any inconvenience and promise a transparent review of what happened. live in richmond, jodi hernandez, nbc bay area news. >> that may prove useful, since a lot of people in richmond are asking why the city and county didn't sound the emergency alarm, considering how toxic the smoke may have been. health and hazardous materials tells us today they should you have sounded the alarm. they say refineries usually sound the alarm themselves if they release potentially dangerous fumes. in this case they opted for text alerts rather than activating the alarm. the fire in richmond wasn't the first fire at the simms facility in the bay area. our investigative unit dug through the company's history with the bay area air quality management district. there have been three fires over the last seven years. the first happened at the old san francisco yard back in 2010. in 2

same story with chevron. they got a one-time tax gain of $2 billion, but cheap oil, down goes the stock. 3% lower for chevron. >>> coming up, mary buffett. notice the last name? she is the former daughter-in-law of warren buffett, and she has some insight on what warren might do with the $160 billion that he is sitting on. >>> yes, and we have to include this. punxsutawney phil, he saw his shadow. that means six more weeks of winter. the groundhog day tradition in pennsylvania has been offering weather predictions since 19 -- no, 1887. note, phil has only been right 39% of the time. >>> trip adviser out with the world's top hotel, and it won't cost you thousands of dollars. in fact, it's less than $200 a night. we will tell you where it is next. ♪ ♪ ♪ when heartburn hits fight back fast with tums chewy bites. fast relief in every bite. crunchy outside. chewy inside. tum tum tum tum tums chewy bites. i cannot imagine managing my diabetes without my dexcom. this is the dexcom g5 mobile continuous glucose

chevron says it's kept air quality officials updated on the situation. no health advisories have been issued. >>> have a breaking story out of los angeles right now, crews are battling this huge fire. this is a mansion in the bel air neighborhood. the fire started apparently in the attic about 5:15. the home is not far from the ucla campus and, of course, where the october skirball wildfire destroyed homes right near the 405 interstate. firefighters there on the ladder, but look at how fully engulfed that home is. >> wow. >> there's a better shot to show you. it is a huge home. we're told it's worth $18 million, but again this is in the bel air neighborhood. >> we're told this is the 10800 block of bellagio road. there are 80 firefighters battling this blaze that broke out about an hour ago in the attic. as soon as we have more information, we'll bring it to you. >>> a father mourns the death of his daughter killed in a car crash this morning on her way to work. >> the massive chunk of change it will take to fix the lead problem at oakland schools. >> cl

exxon and chevron are in there with price target cut on chevron over at hsbc. a quick peak at technology overall which is a good-performing group today. you see cisco, apple, alphabet google, microsoft all gaining. vix takes a breather. dow is testing its 50 day moving average, it gives people a little feeling selling something done. we're off 50% from the selloff. trish: we needed a little good news, nicole, thank you. we'll keep talking about the markets over the course of the next hour. as well as keeping you updated on all developments out of florida. a little good news with the market above 25,000. of apple up 5.25. we will have more with keith fitz-gerald and jon hilsenrath joining us next. trish: all right, we have got markets higher right now, up 207 points, right near the highs of the session. nice to have a little good news out there today. i tell you this is happening despite of release of new economic data showing, yes, inflation has picked up in the last month. at least that is okay the market is saying today. we have "wall street journal" global e

chevron released a statement saying... "there has been some intermittent flaring at the richmond refinery this morning. we apologize for any concern this has caused our neighbors. there is no need to shelter in place. flares are a highly regulated safety device.. monitored by the air district ... used in the refineries. this is an isolated incident and the refinery continues to operate." (pam) new at ten: parents in the sacramento area are stunned to learn their charter school suddenly closed. now, as eric rucker explains, the community is frustated. sotsuper:hannah jackson, parent "my son called me and said mom the schools closed for forever"sotsuper:lia futuwi, parent"you know if you are a parent and you lose your home you are homeless, if a kid loses there school it's the same thing"a line of upset parents and disappointed students gathered around the entrance to paramount collegiate academy in sacramento thursday.sot super:serenity culloi, student "i don't know how to explain it i just felt sad because it's a school th

after complaints of flaring at the chevron refinery in richmond. we first brought this story yesterday morning as breaking news. the bay area air quality management district says it got at least two complaints of flaring yesterday morning. chevron released a statement saying -- flares are a "highly regulated safety device ... monitored by the air district." chevron also apologized to the public for any concerns caused by the flaring. ( james ) a family is pleading for help locating a 50-year-old man from the north bay. family members told police that don alan wilson was supposed to meet his fiance in philadelphia on tuesday. san rafael police looked into the flight he was supposed to catch from s-f-o and found out he never booked a ticket. officers went to his home and found the door unlocked with no sight of wilson...and no signs of struggle. family and friends have tried to contact him through calls, texts, and emails and no one has been able to get through. ( james ) still ahead on the kron 4 morning news... a fremont family fears for for their

chevron. energy market has been trying to put in a bottom since 2015 we are seeing higher lows and higher highs enkremtally starting to improve. again it is a profile that doesn't look like the broader market you can draw this rough trench channel. chevron has come back into an awful lot of support here. these pullbacks become opportunities. you can getting a 3.9% dividend. that's a healthy yield on a stock like that. and lastly, disney a name that's been at a roughly 30% correction for over two years. it doesn't look like a high model up name. it is not stretched above his 200-day. if we were to draw a 200 week it comes in here that's very long term support this is what nike looked like a month and a half ago before it started to take off. inthe risk reward in these levels looks attractive. those are three names. high difficult ends, ibm is 3.8. chef ron is 3.9. disney is 1.25 but they are non-market profile stocks the give you diversification. >> rob, it's like the reverse survivor on this s

dow components merck exxon and chevron willly report quart results. and the latest data on factoryo orders is aue out. that's what to after for on i. >>> e-bay and paypal will split. e-bay'swill no longer be preferred provider. they will partner with a dutch to any which allows you remain on e-bay's website instead of being diverted to paypal's side toay up. paypal says it will be a minimal hachange. >> w to continue to work with them as we go forward and we will continue to be a big part of the payments platform going forward. i wouldn't characterize it as a strained relationship. >> the stock was strained today. falling 8% while e-bay shares rose sharply. >> ralph lauren, like many retailers is seeing a drop in sales. the company is now trying to wean customers off the deals they have grown accustomed to.r that's eas said than done. they rrted a bigger dline in revenue during the holiday season. online sales also fell that pressured the shares, which fell more than 2%. >>> as more retail moves and out of shopping malls, lond landlords areki l for wa

a flare at the chevron refinery in richmond. we just heard from chevron they're calling this an isolated incident. the latest on our midday newscast. you can go to our twitter feed for more updates. >>> good morning, everyone. good morning, everybody. welcome. i'm megyn kelly, and we begin with our series "secrets revealed." over the course of five days in the fall of 2015 the 21-year-old son of our first guests lived with what he felt was a terrible secret. jake curtis fell victim to online extortion. what happened over those five days would change the course of jake's and his family's lives forever. please watch as cindy george tells us about her son and that dangerous encounter. >> my heart breaks for what he went through. he was real fun lovi