GRANADA HILLS, LOS ANGELES (KABC) — Crews were battling two brush fires burning alongside the 118 Freeway in the San Fernando Valley Friday night, including one burning dangerously near homes.
The California Highway Patrol shut down several lanes of the eastbound side of the freeway near Hayvenhurst Avenue in Granada Hills.
Drivers should expect delays and seek alternate routes. It’s unknown how long the partial closure will last.
The fire broke out shortly before 9 p.m. At least one acre was burned, according to officials.
AIR7HD captured a resident getting a hose out and watering a tree next to their home as flames burned across the street.
Despite 10 mph winds, dozens of firefighters were able to stop the forward progress of the Granada Hills fire in one hour, according to the Los Angeles Fire Department.
The agency also reported a second brush fire burning adjacent to the 118 Freeway and Reseda Boulevard in Porter Ranch. That fire broke out just after 8:30 p.m.
It took about an hour and 74 firefighters to stop the forward progress of the Porter Ranch blaze, LAFD said. No structures were damaged.
Officials don’t believe at this time that the two fires are related.
Firefighters will remain at the scene of both fires to “continue containment and overhaul,” officials said.
LAGUNA NIGUEL, Calif. (KABC) — Several homes overlooking the ocean in Laguna Niguel are now engulfed in flames as a fast-moving brush fire is spreading rapidly amid strong winds.
The fire broke out Wednesday afternoon between Laguna Niguel and Laguna Beach near a water treatment plant, according to the Orange County Fire Authority, and quickly erupted in size.
It has since grown to 30 acres as of 5 p.m., according to authorities.
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The Laguna Beach Police Department has issued voluntary evacuations for residents living in the Balboa Nyes/Portafina neighborhood.
Residents and their pets are asked to make preparations should an immediate evacuation order is issued.
AIR7 HD cameras captured at least 13 homes on fire in a community near Coronado Pointe.
There were no immediate reports of injuries.
Several water-dropping helicopters have been helping fight the flames, and crews in fixed-wing aircraft have also been assisting.
According to the city of Aliso Viejo, the Aliso and Wood Canyons Wilderness Park is now shut down.
This is a developing story. This article will continue to be updated as more information becomes available.
Blink and you missed it, but the yield on the 2-year Treasury note traded briefly above the yield on the 10-year note Tuesday afternoon, temporarily inverting the yield curve and triggering recession warning bells.
Data shows that it hasn’t paid in the past to abandon stocks the moment the Treasury yield curve turns upside down, with short term yields higher than longer term yields.
Not a good timing tool
“While a good indicator of future economic woes, an inverted yield curve has not been a very good timing tool for equity investors,” wrote Brian Levitt, global market strategist at Invesco in a March 24 note.
See: A key part of the Treasury yield curve has finally inverted, setting off recession warning — here’s what investors need to know
“For example, investors who sold when the yield curve first inverted on Dec. 14, 1988, missed a subsequent 34% gain in the S&P 500 index,” Levitt wrote. “Those who sold when it happened again on May 26, 1998, missed out on 39% additional upside to the market,” he said. “In fact, the median return of the S&P 500 index from the date in each cycle when the yield curve inverts to the market peak is 19%.” (See table below.)
Invesco
Investors certainly didn’t head for the hills Tuesday. U.S. stocks ended with strong gains, building on a bounce from early March lows and even propelling the S&P 500
SPX,
+1.23%
to an exit from the market correction it entered in February. The Dow Jones Industrial Average
DJIA,
+0.97%
jumped 338 points, or 1%, while the Nasdaq Composite
COMP,
+1.84%
advanced 1.8%.
Read: S&P 500 exits correction: Here’s what history says happens next to U.S. stock-market benchmark
Inversions and what they mean
Normally the yield curve, a line that measures the yields across all maturities, slopes upward given the time value of money. An inversion of the curve signals that investors expect longer term rates to be below near-term rates, a phenomenon widely taken as a signal of a potential economic downturn.
But there’s a lag there, too. Levitt noted that the data, going back to 1965, show the median length of time between an inversion and a recession has been 18 months — matching the median stretch between the onset of an inversion and an S&P 500 peak.
Moreover, researchers have argued that a persistent inversion is necessary to send a signal, something that hasn’t occurred yet, but remains widely expected.
Which curve?
An inversion of the 2-year
TMUBMUSD02Y,
2.322%
/10-year
TMUBMUSD10Y,
2.410%
measure of the yield curve has preceded all six recessions since 1978, with just one false positive, said Ross Mayfield, investment strategy analyst at Baird, in a Monday note.
But the 3-month/10-year spread is seen as even, if only slightly, more reliable and has been more popular among academics, noted researchers at the San Francisco Fed. And Fed Chairman Jerome Powell earlier this month expressed a preference for a more short-term oriented measure that measures 3-month rates versus expectations for 3-month rates 18 months in the future.
The 3-month/10-year spread, meanwhile, is “far from inverted,” Mayfield noted.
See: Stock-market investors should watch this part of the yield curve for the ‘best leading indicator of trouble ahead’
Indeed, the divergence between the two closely followed measures of the curve has been a head scratcher for some market watchers.
“The remarkable thing is that the two have always gone hand in hand directionally until around December 2021 when 3m/10s started to steepen as 2s/10s collapsed,” said Jim Reid, strategist at Deutsche Bank, in a Tuesday note (see chart below).
Deutsche Bank
“There has never been such a directional divergence possibly because the Fed [has] never been as behind the ‘curve’ as they are today,” Reid said. “If market pricing is correct, they will rapidly catch up over the next year so it’s possible that in 12 months’ time” the 3-month/10-year measure will be flat as short-term rates rise as the Fed hikes its benchmark policy rates.
The takeaway, Mayfield wrote, is that the yield curve remains a powerful indicator and is at the very least signaling a cooling economy.
“Volatility should remain heightened and the bar for investing success is raised. But in the end, we think it is worth taking the time to digest the larger picture and not rely on any single indicator,” he said.
In One Chart: ‘The dam finally broke’: 10-year Treasury yields spike to breach top of downward trend channel seen since mid-1980s
The blaze, dubbed the Emerald Fire, covers 150 acres and is 10% contained, according to a tweet from the Orange County Fire Authority.
An evacuation warning will remain in place while police and fire personnel patrol the area for hot spots; residents are advised to stay on heightened alert.
Laguna Beach officials warned that residents may return to homes without power as Southern California Edison has not yet received the “all clear” to re-energize power lines. Approximately 375 firefighters have been tackling the flames in unseasonably high temperatures, with five helicopters assisting the effort.
The Pacific Coast Highway reopened at midday after being closed in both directions for about five hours. All schools were closed in North Laguna.
“I want to thank our city team who has been working since 4:30 a.m. this morning to stop this fire in its tracks, and while we are tired we are happy with the outcome,” said Laguna Beach City Manager Shohreh Dupuis in an update on the city website.
A winter heat wave has prompted a heat advisory for Southern California through Sunday, with temperatures reaching the mid-80s each day. Offshore winds and extremely dry air, combined with the heat, have created conditions ripe for brush fires.
“We no longer have a fire season, we have a fire year,” said Orange County Fire Authority Chief Brian Fennessy. “It’s February 10 and it’s supposed to be the middle of winter, we’re anticipating 90-degree weather.”
Fennessy said the last time the area burned was in 1993.
Farther north, a 2-acre blaze dubbed the Sycamore Fire is burning in Whittier, making an uphill run in medium to heavy fuels, with multiple structures threatened, LA County Fire tweeted. By 5 p.m. Thursday, the fire had destroyed two homes and one home was damaged, LA fire officials said.
The fire has been upgraded to a two-alarm fire, with more than 200 firefighters assigned. A firefighting airplane has been requested to assist.
A third fire dubbed the Imperial Fire became visible from the 405 Freeway in Hawthorne on Thursday afternoon and drew in firefighters, who quickly got the upper hand.
The Imperial Fire was held to about a half acre, as firefighters stopped its forward progress just after 2 p.m. local time, LA County Fire said, noting that firefighters remain in place mopping up hot spots.
A brush fire pushed by strong winds forced evacuations early Thursday in coastal Orange County communities, but firefighters have protected homes as flames appear to be moving into open space.
The fire, estimated at about 145 acres, was reported around 4 a.m. on a hillside above Emerald Bay. Containment was estimated at 5 percent. Acreage was estimated at 10 acres earlier Thursday, but those figures often change with improved mapping.
Flames and smoke could be seen at dawn from Long Beach and other parts of Southern California with a eerie orange glow over the coast.
An evacuation order was issued for Irvine Cove and Emerald Bay. An evacuation warning was in effect for North Laguna.
No homes were damaged, thanks to firefighters on the ground and a barrage of overnight runs from water-dropping aircraft. Orange County fire officials said they are optimistic that the fire will burn away from the area, allowing firefighters to hold flames along a ridge line away from neighborhoods.
Fire retardant will be dropped along the ridge line to halt the fire’s spread.
Click here for updated evacuation information from the Orange County Sheriff’s Department
“We met it with a very robust response,” said Orange Count Fire Authority Chief Brian Fennessy. “If we ask you to evacuate, please evacuate.”
Emerald Bay is an unincorporated area of Orange County. The fire was pushed north by wind along the northern edge of a residential area.
“We got lucky in that regard,” Fennessy said. “I’m pretty confident right now, as long as the weather cooperates.
A map shows evacuations due to a brush fire Feb. 10, 2022 in the Laguna Beach area.
“The bulk of the fire is away from the structures.”
Spot fires were reported due to wind-strewn embers landing in dry brush.
Fennessy said at one point there was a fire engine in front of almost every home in the Emerald Bay area. There are no other major brush fires currently burning in the region.
The last time the area burned was in 1993, when hundreds of homes burned. At the time it was one of the most damaging fires on record in California. Fifteen of the state’s 20 most-damaging fires have burned within the last seven years.
After viewing the area, Fennessy complimented residents on the defensible space he saw throughout the neighborhood. Creating defensible space involves removing brush, branches or anything else that might allow flames to spread from brush to a house. The defensible space gives firefighters room to defend property from wildfires.
“They’ve got great defensible space,” Fennessy said. “They’ve done what we asked them to do.”
Smoke rises from the burned out ruins of homes along Skyline Boulevard in Laguna Beach in October 1993 after the wildfire hit the area. (Photo credit should read VINCE BUCCI/AFP via Getty Images)
Details about how Thursday’s fire started were not immediately available
An evacuation center was opened at Laguna Beach Community and Susi Q Center, and at the Los Olivos Community Center in Irvine.
Pacific Coast Highway was shut down in Laguna Beach from Ledroit Street to Newport Beach at Reef Point Drive.
All classes in the Laguna Beach Unified School District were canceled.
Strong Santa Ana winds, notorious for fanning brush fire flames, are in the Thursday forecast. A high wind warning was issued for parts of Southern California, including coastal Orange County.
Above-normal temperatures are in the forecast through Super Bowl weekend.
A U.S. Drought Monitor map for Thursday Feb. 10, 2022.
The winter heat follows a dry January, which countered the benefits from days of drenching storms in December. Most of Southern California, including all of Orange County, remains in moderate drought — an improvement from conditions at the start of the water year in October when the region was in severe and exceptional drought.
“We’re in for a good couple days of tough weather,” Fennessy said. “We see green on the hillsides, and it lulls us in to a sense of complacency.”
A brush fire fueled by strong winds and hot conditions ignited dangerously close to homes in Laguna Beach Thursday morning, prompting mandatory evacuation orders.
The fire, dubbed the Emerald Fire, broke out around 4 a.m. in the Emerald Bay area east of the Pacific Coast Highway, which was closed in both directions until further notice.
The Laguna Beach Police Department issued a mandatory evacuation order for all residents in Irvine Cove and North and South Emerald Bay as the flames inched dangerously close to homes. Evacuation warnings were issued for all of North Laguna, affecting residents north of Broadway.
The City of Irvine established an evacuation center for those affected at Los Olivos Community Center at 101 Alfonso.
A bright orange glow could be seen from miles out in the early morning hours, indicating the flames burned a large area, but the current estimate is at least seven acres.
Additional details about the cause of the fire were not immediately available.
The blaze prompted the Laguna Beach Unified School District to close all schools for Thursday. That includes El Morro Elementary, Top of the World Elementary, Thurston Middle School and Laguna Beach High School.
DEVELOPING: We will add more details to this report as they become available.
A brush fire sparked in Santee amid a red flag warning on Thursday prompting an evacuation warning for residents in the area.
The brush fire was reported just before 11 a.m. on the 9000 block of Magnolia Avenue. The SDG&E cameras showed a large plume of smoke in the area at around 11:30 a.m.
The San Diego County Sheriff’s Department issued an evacuation warning for residents living near Ramsgate Drive and Hillcreek Road.
A temporary evacuation point has been established at Pathways church located at 9638 Carlton Hills Blvd.
Santee is one of the communities that can be impacted by emergency power shutoffs amid a red flag warning that kicked off at 9 p.m. Wednesday.
Residents are asked to avoid the area.
More than 5,000 SDG&E customers woke up on Thanksgiving Day without power due to public safety power shutoffs amid a red flag warning. NBC 7’s Audra Stafford reports.
The Santee Fire Department and Cal Fire San Diego are at the scene.
No other information was available.
Please refresh this page for updates on this story. Details may change as more information becomes available.
OAKLAND (CBS SF) — The man struck by a fellow concert goer who accidentally fell from the Chase Center upper deck at Sunday night’s Phish show suffered a broken leg, but told KPIX on Tuesday the accident easily could have been fatal.
“Life and death is seriously a game of inches,” said Evan Reeves, the avid Bay Area music fan and die-hard Phish follower who was injured in the second incident.
Evan Reeves, Phish fan injured at Chase Center (CBS)
The accidental fall happened about an hour after an attendee fell to his death from the upper level into the seats of Section 116 at the Chase Center.
San Francisco authorities are still investigating that fatal fall, but the San Francisco Medical Examiner on Tuesday identified the victim as 47-year-old Athens, NY resident Ryan Prosser.
Reeves was waiting for the band’s second set when the man fell from Section 213 and landed on him at about 9:45 p.m. Sunday.
“Right inside portal 50, between sections 213 and 214, there’s a flat foyer area with one row of folding ADA seats at the very front,” explained Reeves, a 44-year-old Oakland resident. “I was sitting cross-legged on the floor right behind those seats waiting for the second set to start.”
Reeves’s assigned seat was actually in the second row of upper deck Section 217, but he said he had moved to find space elsewhere because he “…didn’t feel safe dancing there.”
“The balcony rows are super narrow, so it’s really hard to dance at your seat without fearing that you’re going to trip and fall,” he said. “I just decided to find another spot.”
His concern stemmed partly from how low the plexiglass barriers are at the front of the upper-level seating sections, what he referred to as “pony walls.”
“Those pony walls seriously need to be more than a few inches higher,” Reeves said. “When I met my friend at my assigned seat, we were commenting to each other how low and dangerous the wall is.”
That moment, he witnessed what he said could have been another fall from the upper-level seating at Chase Center during the same evening.
“In fact, during that exchange I saw a guy sitting on the pony wall facing his seat. One bump and he’d be a goner,” remembered Reeves. “It should not be possible to sit on.”
Witnesses told KPIX 5 they saw a man one level above trip and plunge over the barrier from the third level. He landed in Reeves’s lap, which helped break the man’s fall. The person who fell was seriously injured, but survived.
Reeves said the moment of impact when he was hit by the falling Phish fan was shocking.
“Well, it was a loud thud, then sharp pain in my left leg and a guy’s head in my lap,” said Reeves. “I right away dragged myself a few feet away to get some distance so he could be treated.”
Despite the surprise, Reeves quickly gathered what had transpired.
“I knew immediately what had happened, because as an usher in the music scene, I had already heard many stories of people falling from balconies over the years,” Reeves said.
Despite the pain he was feeling after being injured, Reeves told paramedics he wasn’t ready to head to the hospital for treatment.
“My first thought, after hoping the guy’s OK, was hoping I wouldn’t have to miss the second set,” he said. “With the on-site doctor’s consent, I convinced them to wheel me back in for the last 40 minutes while I waited for my wife to pick me up to take me to an Oakland hospital.”
Reeves shared a photo that showed him grooving away in a wheelchair during the band’s performance.
Evan Reeves post Chase Center injury (CBS)
After being examined at Alta Bates Summit Hospital, Reeves was unquestionably lucky to have only suffered a broken leg under the circumstances.
“Once they confirmed it was a fibula fracture with no displacement, they pretty much sent me on my way with an ACE bandage and crutches,” said Reeves.
Doctors estimate it will take six weeks for his broken leg to heal. Reeves said he’s counting his blessings.
“If I had been sitting two inches to the side, he could’ve landed right on my head and it could’ve been game over,” explained Reeves. “Or if I had been sitting two inches the other way, I wouldn’t have been there to help break his fall. It could’ve been worse for him.”
A Chase Center spokesperson released the following statement regarding the incidents Monday:
“We are working with the local authorities to determine exactly what happened, and will defer questions about the incident to the San Francisco Police Department.”
Anyone with information about either case is being asked to contact the Police Department’s tip line at (415) 575-4444 or to text a tip to TIP411 with “SPD” at the start of the message.
New York Giants quarterback Daniel Jones and wide receiver Kenny Golladay were seen having an animated conversation on the sideline of Thursday night’s loss to the Washington Football Team.
It was unclear on the NFL Network broadcast what Golladay was yelling. The Giants’ free-agent signing was targeted eight times and he caught three passes for 38 yards. Over the first two games of the season, Golladay has made seven catches on 14 targets.
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When asked about it after the loss, Giants coach Joe Judge brushed it off.
“Well, I just saw them hugging in the locker room. That is the first I have heard of it,” Judge said.
Jones said he thinks Golladay was just overly frustrated.
“I think he was frustrated with the situation, but I don’t think it was to me or anyone in particular. We’re all good. I love Kenny, I thought he played hard and did a lot of good things out there,” the Giants’ quarterback said.
“I’ve got to do a better job of finding him in some places and we’ll work through it.”
WASHINGTON TAKES ADVANTAGE OF GIANTS’ MISCUES IN DRAMATIC WEEK 2 VICTORY
Jones didn’t think Golladay was trying to show him up but acknowledged the need for a different form of communication instead of the sideline where the entire world is watching.
“I think there are lots of ways to communicate and we’ll work through it. I think there are a lot of emotions to the game and I certainly understand that. Me and Kenny have a great relationship and I know we can communicate and do what we need to do there. I appreciate his passion and emotion,” Jones said.
Giants wide receiver Sterling Shepard was also asked about the incident.
“I think you guys have that all mixed up. Kenny was just heated at the situation,” he said. “We needed some big plays and he was heated at the situation. We all love each other. That’s what happens in this game, your emotions get into it and you say what you’ve got to say and you move on. We all love each other, we dap it up at the end of the day, give each other a hug and keep on pushing. That is the way that stuff goes.”
New York has had two frustrating games to start the season and losing to Washington on a field goal Thursday night was one of them.
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Washington kicker Dustin Hopkins was bailed out after missing the game-winning field goal initially thanks to a Giants penalty. He would nail the game-winner on the second try to give Washington the 30-29 victory.
GORMAN, Calif. (KABC) — A brush fire erupted Sunday afternoon near the 5 Freeway in Gorman and quickly spread to about 600 acres, officials said, prompting evacuations and a massive response from firefighters.
The so-called Tumbleweed Fire was reported shortly before 2 p.m. near Gorman Post Road and the southbound side of the freeway, according to the Los Angeles County Sheriff’s Department. Authorities said flames were being driven by winds in the area – which, according to the National Weather Service, are gusting between 18 and 25 mph.
The blaze was initially reported at 200 acres, but quickly tripled in size. It is 0% contained.
No structural damage was immediately reported, but two firefighters suffered minor injuries, authorities said.
Evacuations were under way for the Gorman Park Area in Gorman, the Sheriff’s Department said.
The cause of the fire was unknown.
DEVELOPING: More details will be added to this report as they become available.
