chevron is. chevron is a doctrine tt says , you know, we recognize there arsome places where congressional progression has run out and we think congress wouldhave one of the agency to do something rather anthe court. we accept that. that is the best reading of congress and also because we know in our heart of hetsthat agencies know things that courts do not. that is the basis of chevron. you take that doctrine of mility and you put on top of it starry decisis, another doctrine of humility , which to suggest we do not willy-lly rers things unless there is a special justification. reaiser said it is even more than that. there is even more reason not to reverse somein because there have been 70 supreme court decisions relyinon chevron. because there have been 17,000 lower her decisions relying on chevron. u are saying blowup one doctrine of humility, blowup another doctrine of humility, and then expect anybody to think th e courts are acting like court. >> with respect, your honor, th court has on m

it does not want chevron. >> it has total ntl over chevron. it can reverse it tomorrow with respect to any tur statute and with respect to at generally and it hasn't. for 40 years it has exceeded except for super recases. it has basically said this is the background rule. it gives us a default rule from which to write statute. we have ce -- accepted. >> i am not sure everybody in congress wants to overrule chevron. >> everybody in congress doesn't want to do everything. >> it is really can be for some meerof congress and not have to tackle on the hard questions and allow for thr friends to get them everything they want. evenifcongress did it, the president would be to. i think the third prlem, even more problematic, you get back to that fundamenta premise of chevron th wn there is silence or ambiguity we kw e agency wanted to delegated -- delegate to the agency it is ficon and in a particular way. it assumes ambiguity is alwa delegation of. but it is not. mo often when ambiguity yes, i n't have enough votes in congress to make it clear. i wa t

chevron has also agreed to pay 20 million in fines for past violations and to pay another 20 million to korean air quality fund to help reduce public exposure to particulate matter. the martinez refining company has agreed to comply with rule 6, 5, install air monitoring equipment at its refinery and pay half a million dollars in attorney fees. contra costa county supervisor john gioia who also sits on the air district board says this is a win for anyone who lives near refinery today is really improving public health for residents who live near refineries everyone no matter where they live. >> deserves are has the right to breathe clean air. and that's what this announcement is about today. in a statement to kron for chevron says we are pleased to put this litigation behind us in a way that benefits our community. >> and allows chevron richmond to remain an important energy supplier in the region. district said on tuesday that chevron and the martinez refining company have until 2000. 26 to comply with the agreement. they say that the refining company is already close to meeting its

chevron has also agreed to pay 20 million in fines for past violations and to pay another 20 million to korean air quality fund to help reduce public exposure to particulate matter. the martinez refining company has agreed to comply with rule 6, 5, install air monitoring equipment at its refinery and pay half a million dollars in attorney fees. contra costa county supervisor john gioia, who also sits on the air district board says this is a win for anyone who lives near refinery today is really improving public health for residents who live near refineries everyone no matter where they live. >> deserves are has the right to breathe clean air. and that's what this announcement is about today. in a statement to kron for chevron says we are pleased to put this litigation behind us in a way that benefits our community and allows chevron richmond to remain an important energy supplier in the region. >> district said on tuesday that chevron and the martinez refining company have until 2000. 26 to comply with the agreement. they say that the refining company is already close to meeting its

and therefore it's incredibly important to chevron.hat seems to be at issue is the interpretation of this said right of first refusal. to try to sort of narrow it down. basically exxon believes because there's a change in control or at least they perceive a change of control happening at hess, namely chevron buying it, that represents a change of control under their agreement because guyana represents most of the value of hess, hence they would have the right of first refusal to buy the 30% that hess currently owns of that joint of operating venture. the joint-operating agreement in a place that was put in place by 2008 worked on exxon's lawyers with its then partner shell. shell sold its stake back to exxon which then sold it to hess. exxon for its part said, hey, we have lawyers in the building who worked on this. our interpretation is the correct one. chevron's lawyers will say something very, very different. in fact, they basically say language is not that at all in terms of a purchase of hess triggering this right of first refusal

and now it appears the district has reached a settlement with chevron. bay area, air quality management district announced on tuesday that they have reached a settlement agreement with chevron and the martinez refining company. >> as part of the agreement, chevron has agreed to comply with air district rules 6, 5, which requires the company to reduce particulate emissions at its refinery by 70 to 80%. they're also penalties. if the company doesn't meet those obligations. chevron has also agreed to pay 20 million in fines for past violations and to pay another 20 million to korean air quality fund to help reduce public exposure to particulate matter. the martinez refining company has agreed to comply with rule 6, 5, install air monitoring equipment at its refinery and pay half a million dollars in attorney fees. contra costa county supervisor john gioia who also sits on the air district board says this is a win for anyone who lives near refinery today is really improving public health for residents who live near refineries everyone no matter where they li

>> now to a major turn in lawsuits against the chevron and martinez refineries. we have a live reports and a former san francisco supervisor has now thrown his name into the hat, become the city's next mayor. why he's now going after the police chief on the first day of his campaign. also a very somber forty-niners team clearing out their lockers today after falling short in their quest for 6. >> news station. he's calling for news 2. >> i thanks for joining us here on kron. 4 news at 2. i'm justine. so happy to be with quality management district has secured a major victory in the lawsuits filed against the chevron and martinez refineries. kron charles clifford to us now live from san francisco. he has the details. good afternoon, charles. >> well, good afternoon. a few years ago, the air district created some new rules and regulations to try to reduce particulate pollution from refineries. and chevron had sued challenging those new rules and now it appears the 2 sides have reached a settlement. the bay area air quality management district announced on tuesday t

well put. >> to jim's point, chevron down 2%.is also -- >> pioneer is also in play. >> -- down 3.5%. >> not in play. it's getting bought. >> i just find the dealmaking in oil, a lot of it is people are saying it's because they don't want to find new places. that's kind of rational. >> by the way, this moves on exxon stock because it's an all-stock deal, as we know. that is the case with hess as well. chevron has been an underperformer a bit, jim. so when you are talking about what hess would look like without the deal, certainly it might decline, but it was only a 5% premium to begin with. so there may not be as much downside. again, chevron is not saying anything close to this deal is in any jeopardy. they're saying the opposite. >> let me get quickly to another deal that i've been following or potential deal, tiny, tiny bit of news. i get called on it all the time. remember the possible endeavor by its shareholder. >> i disclose i'm a client of them. after you ctied me about zoom, don't give a damn. darn, excuse me. >> i haven'

chevron has also agreed to pay 20 million in fines for past violations and to pay another 20 mil%ion to korean air quality fund to help reduce public exposure to particulate matter. the martinez refining company has agreed to comply with rule 6, 5, install air monitoring equipment at its refinery and pay half a million dollars in attorney fees. contra costa county supervisor john gioia who also sits on the air district board says this is a win for anyone who lives near refinery today is really improving public health for residents who live near refineries everyone no matter where they live. >> deserves are has the right to breathe clean air. and that's what this announcement is about today. in a statement to kron for chevron says we are pleased to put this litigation behind us in a way that benefits our community. >> and allows chevron richmond to remain an important energy supplier in the region. district said on tuesday that chevron and the martinez refining company have until 2000. 26 to comply with the agreement. they say that the refining company is already close to meeting its

we've got chevron, exxonmobil posting results. what's next for the sector coming up after this >>> plus, apple's first new product in nine years is now on sale so can vr make a dent in the ai trade? we'll get more details on all the acronyms after this. >>> you're watching "fast money. here on cnbc we'll be right back. ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. personalized financial advice from ameriprise can do more than help you reach your goals. -you can make this work. -we can make this work. it can help you reach them with confidence. no wonder more than 9 out of 10 of our clients are likely to recommend us. ameriprise financial. advice worth talking about. after last month's massive so

s&p 500 higher by 27 were watching oil companies, chevron reported fourth quarter earnings moments ago revenue the stock is still up about 2% and exxon mobil is up 1% the company reported earnings and we will get you the numbers. joining me editor and university of endowment fund dennis government, good to see you, any thoughts on what you heard from chevron or what you're expecting in terms of the driver of the will earnings this morning. >> i'm a little surprised that chevron is doing better with reduced revenue but their needs are up just a little surprising to me, nonetheless the market is taking a while. chevron and exxon tend to move in tandem with crude oil prices and the first time in months i'm bullish of crude oil because the term structure has turned bullish in the market with the term structure across the entire structure and that the first time we've seen that in months. if you have to take a position in crude oil take a position in chevron or exxon, crude wants to go higher and this is impressive were doing more with less revenues and that's an impressive circumstance. >>

so it's chevron's deciding who should make the decision. my as a lawyer tells me that when there is an interpretive issue, even people with different ideologies, tend to land in the practical place. in other words, they go. so i think it will make a difference, but i don't think it will be a tectonic difference. i so i'm not a lawyer, but i like to assert opinion arbitrarily and i think it's more like a six because particular with the makeup of this court and i think that's probably why you see, that's part of the reason why you've seen erosion in trust in the court is that there is a sense that justices are deciding based on their personal preferences rather than what is just reasonable. the most notable display, this, which i thought was very silly during oral arguments, is justice gorsuch i probably shouldn't say in a room of people who work for the supreme court are here before the supreme court, but he was talking about, you know, there's a lot of judicial modesty in changing being able to change your mind saying says this powerful lif

pbf energy says they are happy to work with the air district on their monitoring system, while chevron in a statement, we are committed to working with agencies like the baaqmd on efforts to improve air quality. however, we remain concerned that the baaqmd rulemaking process is fundamentally broken. the air district says they pushed for penalties to make sure the companies, especially chevron, comply. >> the residents in richmond, suffer the longer it takes to comply with the rule. we would rather have each facility comply now because there's health benefits, but the ongoing health impacts mean that we're going to have very high penalties, the air district says these are the strictest regulations in the country. >> they say they will continue to monitor the refineries to make sure they reduce their emissions. ryan curry, abc seven news. all right. >> let's take you outside for a live look at conditions. right now. we are once again getting ready for rain. a good bit of it seems for all the details on the timing, let's go to abc seven news meteorologist sandyha patel. sandhya yeah. >> d

. >> talk exxon and chevron. chevron's deal, exxon may challenge this, stephanie link, according to what we've been reading the last 24 hours or so. you got rid of chevron and now have exxon. >> i sold chevron -- i mean, that stock was terrible last year and then went out and bought hess and going internationally versus in the states. exxon is doing the exact opposite buying pioneer. that's why i sold chevron and bought exxon. i don't think exxon is going after hess. i would be shocked. i think they are so focused on executing the things they've already done and really expanding pioneer. that's where i want to be. the stock is super cheat at 5 times earnings. it has one of the highest dividends in the industry. huge cash flow. i like this one way better than chevron. chevron seems to have lost its way. >> you bounced it out of your book, too. >> i did. i sold it a little over a month and a half ago. for me it's an execution story. steph, you hit it on the head. this hess deal, they didn't pay a premium for it. it

the reason behind chevron's desire to acquire hess and part of the territory dispute. venezuela claims they have sovereignty over offshore acres. that is now contest in the international court of justice. venezuela has deployed thousands of troops to the border. the uk has sent a war ship down to the territory waters. we are watching this commercial story and a geopolitical story. >> geopolitical story. i have to ask about this find in this area, how is the rest of the oil producing world responding to the find? does it have potential to disrupt the paradigms we have with the oil market? >> certainly you can see the venezuelan action is an indication it is a subject of dispute within the region. potential driver of instability. it also is shifting calculations of the group like opec. opec now has to contend with growth coming from the americas. the shell story was all about capital discipline. now we have other producers contending. brazil has seen extensive growth the past couple years. now we have brazil and we have the guyana story. if you are opec, you have to cont

chevron was much of the focus today. officials noted that mrc faces fines and legal actions for recent violations as well. >>> let's give you a live look at san francisco. it's dry but boy, will that change. rain, headed back to the bay area. so we got the break and now we are going to get slammed again, it looks like. >> we are, and the thing is tomorrow will be the beginning of an active weather pattern that looks to extend even into the weekend. so planning will start today, if you haven't checked your tires, cleaning the gutters, i think the way that these patterns are setting up his it's not just one storm, it's an additional set up heading into friday and saturday and if component, into sunday night. that alone with the lack of breaks can make anything more intense. right now satellite radar, we are dry for the most part but notice to our north, we do have some rain already starting to pop up out there and the development of the system will likely start to move in for areas in the north bay, initially, i want to ta

chevron issued the alert just after 230 this afternoon. this is file video of the chevron site. today's event was classified as a community warning system level one hazardous materials incident. local officials confirmed that the flaring has since stopped the level one alert means that the flaring is not expected to have public health impacts. chevron has reported multiple flaring incidents this month, with the most recent taking place on tuesday. serving and protecting the south bay how you can get involved with santa clara county fire and a signature san francisco event gets underway this weekend, and we'll tell you how police are preparing to keep people safe as they celebrate the year of the dragon. >> and i promise there will be no rain on that parade. but meanwhile, there was something that happened in the bay area today that has not happened all winter long. we'll explain what the bay area forecast that is coming up right after thibrief the economy is simply not working for millions of hard working families. they're working harder than ever and they still can't make enoug

katie: chevron is adamant that this will not happen, that the bid will ultimately not go through.there has been so much m&a in the sector so far in the past couple months. exxon and pioneer, chevron and hess, and a very aggressive ftc taking shots across industries right now. when it comes to exxon's proposed acquisition of pioneer, how confident are you that will go through? haag: there are real question given the base and concentration in the permian, how active the ftc has been across industries. another want to keep an eye on is the merger of equals between chesapeake and southwestern, which will give chesapeake a bigger position both in the haynesville and marsalis. if you look at the dynamics there, 7% on a combined basis of u.s. production, so in the grand scheme of things, not huge. but like exxon and its dominant position, seem to be dominant position in the permian, you have two other basins you have a dominant player with an aggressive ftc reviewing it. katie: when i speak to investors and analysts about this industry, energy in general, they say this is a sector ripe f

the rule was adopted a few years ago and calls for chevron and mrc to cut emission base 70% and 80%. officials say both refineries are working to meet the standards by 2026. >> today is really about improving public health for resident who is live near refineries. everyone, no matter where they live, deserves or has the right to breathe clean air. >> chevron also agreed to pay $20 million for past violations and will help fund health projects for richmond area. while chevron was much of the focus today, officials noted mrc faces fines and legal action for more recent violations as well. >>> happening today, a 50-year-old man from florida who's accused of stealing a single-engine plane from palo alto is expected to face a judge. investigators say luis gustav vollanded that plane on half moon bay before taking off on foot last thursday. no one was hurt in the incident. he was arrested a short time later. while this was a surprising thing to most of us, pilots in palo alto say they feel the airport is safe. he is due in court at 1:30 this afternoon. >>> to a live look at sfo. this is ju

the chevron refinery in richmond reported another flaring.one early this morning that was file video of a previous incident. >> chevron issued a level one hazmat incident around 2 o'clock in the morning, which means there is no public health effect to the community. firefighters on the to reduce its emissions and agreed to pay millions of dollars in fines. it's all part of a settlement reached by the chevron and martinez refineries and the bay area air quality management district. chevron has agreed to reduce its emissions at the refinery by 70 to 80% and paid 20 million dollars for past fines and 4 future exposures. the martinez refining company says it will pay to install air monitoring equipment. police in atherton are warning the public after they investigated 3 residential burglaries in. >> 3 days, officers are reminding residents to lock up their houses every time they leave. even if it's just for a few minutes, be sure to secure your valuables. that means keep valuable items and safes out of the master bedroom and out of sight the wind

chevron reported flaring at the refinery. they say it is no longer flaring with no public health risk. >>> turning to the peninsula where we are learning more about four people found dead inside a san mateo home. police are investigating this case as a murder suicide. investigators say a man and woman were found with gunshot wounds inside a bathroom. they also found a gun and loaded magazine they believe was used. two children were found dead inside a bedroom, but they did not have gunshot wounds. the victims were discovered by police while doing a welfare check at the home yesterday. >> by this time, it can be, we can't conclude which person was the shooter or which person was possessing the gun until the autopsy was completed and we do all those findings. >> san mateo police says this appears to be an isolated incident, but the motive is still under investigation. >>> tomorrow, a portion of the pacifica pier will reopen to the public. crews shut it down back in december after high tides and large waves damaged the concrete

and coming up next on the kron, 4 morning chevron commits to making chevron commits to making changes at 2 bay are this ad? typical. politicians... "he's bad. i'm good." blah, blah. let's shake things up. with katie porter. porter refuses corporate pac money. and leads the fight to ban congressional stock trading. katie porter. taking on big banks to make housing more affordable. and drug company ceos to stop their price gouging. most politicians just fight each other. while katie porter fights for you. for senate - democrat katie porter. i'm katie porter and i approve this message. >> 6.29 right now. just because have travel plans. and i just checked this for you. if you're flying alaska, we would get at least a month's noticed right away if there were a strike. so stay stay freak out on yeah. so you should be thinking about more important things like what are you going to do for your honey? yeah, today's the day and you've only got part of it. that's going to be dry. so factor that valentine's breakfast, perhaps. yeah, all about that. that's that's good to be. but yet this evening,

. >>> we have a news alert here on chevron's acquisition of hess. pippa stevens has the details. >> chevron saying it may not complete the acquisition of hess within the time frame or even at all. and that is thanks to exxonmobil and china natural offshore oil corporation saying that they have a right to a first refusal provision in that joint operating agreement for the offshore guyana asset. that is why exxon wanted to acquire hess, because of hess's 30% stake in that guyana offshore project. now, exsob said those conversations will continue, and that they owe it to their investors and partners to consider their pre'em shun rights in place under their joint operating agreement. now, to be clear, it is not sure at this time if exxon will make a counterbid, but for right now, they are saying that they have the right to do so. chevron saying it could then delay or possibly cancel their deal to buy hess. melissa? >> all right, pippa, thank you. pippa stevens. that's quite a turn, tim. >> it's quite a turn. it is interesting, because chevron did not re

chevron has agreed to reduce its emissions at the refinery by 70 to 80%. it will pay 40 million dollars for past fines and future exposures. the martinez refining company will install air monitoring equipment contra costa county supervisor john gioia says the settlement is a win for everyone living near a refinery. >> day is really improving public health for residents who live near refineries everyone no matter where they live deserves are has the right to breathe clean air. and that's what this announcement is about today. >> in a statement, chevron said it's pleased to put the litigation behind the men remain an important energy supplier in the region. the air district said it will take chevron about 4 years to make the changes happen. mainly because the company will need to install additional equipment. and they say the martinez refining company is actually close to meeting its obligations. this comes as a new report shows a bay area air quality has been getting worse in recent years and will likely continue to deteriorate research from the first stree

. >> the chevron refinery in richmond reported another flaring incident early this morning. this is file video here of previous incident at 02:00am today, chevron declared a level one hazmat incident which means there is no public health impact to the community. firefighters on scene say the flaring has since stopped. this comes after there was also a level one haz mat issue there sunday afternoon. just last week, the refinery agreed to reduce its emissions and pay millions of dollars in fines. it's part of a settlement reached by the chevron and martinez refineries with the bay area air quality management district. chevron has agreed to reduce its emissions at the refinery by 70 to 80% and pay 20 million dollars for past fines and for future exposures. the martinez refining company says it will pay to install monitoring equipment. >> let's get you a live look at i-80 at donner summit there. you can crews there are out trying to clear the snow off the roads. >> a lot i was going say blocked, but it looks like they're letting. some folks go by here. pretty slowly. caltrans is

this is part of a settlement that was reached by the chevron refinery richmond.fining company and the bay area air quality management district. both of the refineries had sued the management district over this stricter emissions standards. but now they agreed to drop those lawsuits and commit to these changes. chevron agrees to reduce emissions by 70 to 80% and pay 40 million dollars for past fines and future exposures. and the martinez refining comfrey company is installing air monitoring equipment contra costa county supervisor. sorry, john. joya says this deal is a win-win for everyone. >> they is really improving public health for residents who live near refineries everyone no matter where they live deserves are has the right to breathe clean air. and that's what this announcement is about. >> and here's the response statement in part from chevron, quote, we're pleased to put this litigation behind us in a way that benefits our community and allows chevron richmond to remain an important energy supplier in the region. it should take chevron about 4 years to m

after a heart-to-heart talk , masha was given news from the soldiers who read her letters, chevrons,ecause the real ones had been in battle. oh, so brave, the circle of goodness has closed. urgent news has just become known, the chairman of the supreme court vyacheslav lebedev, doctor of law, professor, full knight of the order of merit for the fatherland, supreme court, has died vyacheslav mikhailovich headed russia from the ninety-first year, did not leave his work until the last, and made an invaluable contribution to the development of our entire judicial system. vyacheslav lebedev was 80 years old. that's all, we are following the developments, right now there is a documentary film by yankovsky on the air, dedicated to the great artist. torkovsky and i sat down, he said, oleg, do you know? that you can, this is the dream of my life, to play life and death in one frame, i have an image, he took it from my father’s poetry, i am a candle, i burned out on the pen, collect mine wax in the morning, you can, of course i can, what could i say?

and on our first model, we calmed the chevron print with beige dress pants.s the color of the trousers we chose for her. our second model is very playful. and in this case, we did not calm down chevron print, but introduced it even more into the express. repeating this pattern in a sweater pattern. geometric prints have always been interesting to designers for their complexity and unpredictability. they decorated everything from tops and t-shirts to coats. today, mesmerizing designs and bright lightning are back in fashion. thanks to the chevron pattern, all the fashionistas of the world can now mix a wide variety of colors and patterns. not only. in spectacular evening dresses, as well as in simple, everyday ones. the first hour of the live broadcast of the good belarus program ends on such a fashionable note. it seems to me that now many fashionistas and fashionistas are going to work, but i know one who is in the city of gomel, his name is alexander lupinenko, who certainly can be called a 100% fashionista, a dude, a handsome man and just a good person who

. >> a historic agreement with two of the bay area's largest refineries, chevron and the martinez refining company, have dropped their lawsuits contesting strict regulations by the bay area air quality management district. >> abc7 news reporter ryan curry looks at what this new agreement means and what the refineries need to do now. >> chevron and the martinez refining company must now comply with regulation six, rule five, a measure that limits emissions from refineries. both had filed lawsuits challenging that measure. but on tuesday, the air district announced a settlement. >> today is really about improving public health for residents who live near refineries. um, every anyone, no matter where they live, deserves or has the right to breathe clean air. >> the air district says chevron must reduce 70% of emissions by july of 2026. they will also have to pay $83 million for four years of non compliance. and they must pay $20 million in fines for hundreds of other violations. mrc has to reduce emissions by 80% and they have to constantly monitor air pollution. instead of testing every quar

the chevron refinery in richmond reported flaring this morning. fire crews say it was just before noon based on contra costa health, 3 tier has that severity system. there were no community health concerns. but this comes just days after the refinery agreed to reduce their emissions and pay millions in dollars and of dollars in fines. it's part of a settlement reached by the chevron and martinez refineries and the bay area air quality management district. chevron has agreed to reduce its emissions at the refinery by 70 to 80% and pay 20 million dollars in fines for fast ones and also future exposures. the martinez refining company says they're going to pay to install air monitoring equipment in the been a should the blair, how a valero refinery informing fire officials of continuous flaring because of an unexpected issue with the unit. benicia fire says they will continue to monitor the situation, but they're not anticipating any negative health impacts to the community. and they also did not say how long this flaring is going to last. police are

chevron is warning investors the deal could be in jeopardy.issue is exxon claims it should have the right of first refusal over the deal with hess because hess owns 45% of the venture in guyana. we have the energy and research analyst at truist securities. a wrinkle or a big twist, maybe, but a twist you would imagined the players would have known about, neal. >> good morning, andrew. thanks for having me. you are right. it is very difficult to make a call today whether chevron or exxon will prevail. the terms were signed a decade ago. i don't know if the rights exist. to make the call today will be very difficult. you know, to see which one is exxon stands on here. >> neal, was this jv and the terms widely understood by the investment public or inside the companies or did the lawyers miss it or did they say it was fuzzy and see how far we can go? >> what sounds like what was listed yesterday, chevron and hess said it was clear the terms of the joa,the way they read it. i thought the part i found odd is the timing that lapsed between when this

we are talking chevron and intel and 3m. chevron up 1%.he board, walgreens boots alliance up 1%. we are watching the russell 2000 coming off the best day since mid-december finishing up 2.5%. up fractionally for the week. we will continue to watch the small caps. we are checking the bond market with the ten-year yield and 20-year yield. the ten-year yield at 4.22%. we are watching the oil market following the iaea market report that came out this morning. it says that global oil demand growth is losing momentum in part due to the slowdown in chinese consumption. wti down .50%. similar for brent crude. let's see how europe is shaping up as the trading day is under way. joumanna bercetche is in the london newsroom with more on the early action. joumanna, good morning. >>> good morning, frank. for the most part, we are seeing a risk-on day for european equities with the exception of the spanish index. uk index can gdp numbers disappointing. the uk has fallen into technical recession. contracting minus 0.3% for the year. that meant that furthe

chevron paying a $20 million fine for more than 600 other violations. and they will be taking a series of measures to reduce flaring. people living near the martinez refining company say they are worried about chemical contamination. one woman can't share the food she grows in the garden with other people. >> nobody wants my lemons. i'm not living in martinez. that's the sad thing, you know? what do you do? >> reporter: this is the best place i have ever lived. and i am not going to just pack up and leave. i am going to hold that refinery accountable. >> the refinery in martinez handles more than 150,000 barrels of oil each day. we reached out to the companies for comment. chevron sent us a statement saying they are committed to working with air quality agencies to improve air quality, but they also told us they remain concerned over the bay area air quality management districts, rule making process calling it, "broken." >>> and an update to a truly tragic story out of san mateo. we are learning police are investigating four people found dead inside a h

that's the agreement chevron will also pay a $20 million fine for nearly 700 separate violations, as the primary health concern that we have about particular matter exposure is early death. >> so we're talking about people dying years before their time. the air district says it plans to invest the $20 million from the settlement into a fund to help improve the health of people in richmond who live near those refineries. >> chevron still faces up to $83 million in additional fines until it can comply with new regulations that could take up to four years, is. now to some new information tonight about two parents and two children who were found dead. inside a home in san mateo. detectives say they are now investigating this as a murder suicide. our crime reporter, henry lee has tonight's update. >> ktvu has learned from sources that the deaths of four members of a family in san mateo are being investigated as a triple murder suicide in a neighborhood unaccustomed to such violence. on imaginable that. that would happen. sources tell ktvu, a 37 year old man is believed to have shot and ki

in the image of a radical in a jacket characteristic of skinheads, national socialists, with the chevrontraitors who fought on the side of fascist germany, fascist, nazi germany, this is tronenko against the backdrop of the city of belgorod, an observation deck. with the chevron of the sss galicia division in a cap with the wotent logo, also a neo-nazi organization with a knife in their ankle boots, well, with high boots in boots, in camouflage clothes. with all his appearance, david ronenko demonstrated his belonging to the ideology of national socialism. and what's most important introduced this criminal belief among his young friends. on the internet, tronenko created a page called white city 31, which translates as a white city , occult signs, neo-nazi emblems, symbols of the fascist ss troops were published here , in short, in the young man’s head there was obvious leapfrog and confusion, as a coat of arms, symbols extremist community initially in... a nazi swastika with the addition of a slogan, that is, to a nazi salute, and white region 31 with the name of its own extremist commu

and in a statement, chevron says the chevron, richmond refinery experienced a brief flaring incident earlier this morning due to a process unit startup. a community warning system cws level one was issued to keep our community informed and no action is required. the safety of our workforce, our communities and the environment are our highest priorities. happening right now. the sfmta is holding a public meeting about valencia street center bike lane. they're expected to unveil a new report with some information. how the latest affecting the area. been there already for 3 months and many business owners on valencia street have said the bike lane is impacting their business in a negative way. the valencia quarter merchants association also expressing concerns over the sfmta possibly moving the bike lanes to the sides of the street will let you know how this turns out today. overall crime numbers in san francisco for the first time in a month have been brought to our attention here on kron 4 mayor london breed's office is reporting that when compared january 2024, to january 2023, prope

chevron has agreed to reduce its emissions at the refinery by 70 to 80%. and pay 40 million dollars for past fines and future exposures. and the martinez refining company will install air monitoring equipment contra costa county supervisor john gioia says the settlement is a win for everyone. >> they is really improving public health for residents who live near refineries everyone no matter where they live deserves are has the right to breathe clean air. and that's what this announcement is about. >> and in the statement, chevn ys, quote, we're pleased to put this litigation behind us in a way that benefits our community and allows chevron refinery to remain an important energy supplier in the region. the air district is going says it's estimating chevron's going to take about 4 years for these changes to happen, mainly because they have to install additional equipment. as for the martinez, refining company, they are very close to meeting those obligations already. >> well, this comes as a new report shows a bay area air quality has been getting worse in r

chevron issued this statement. the settlement ends our litigation over bar schmid's adoption of some of the most stringent environmental regulations in the world mrc, the martinez refinery is still fighting past violations, but we are actively involved in prosecuting the outstanding past violations with mrc, and we're doing that in conjunction with the contra costa county da. >> in the future, if you want to sue us over regulations, you're going to pay the price. if you lose. >> while improving pollution controls is considered a legitimate business expense, violating pollution laws is not. >> some of this money is penalties and the irs rules are clear that chevron cannot deduct that. >> and so the situation is that this could actually become a model for the nation where other cities that have problems with refiners can make these plans in advance. and the refiners are going to have to do something about it, because the more they have these upsets, the more upset their neighbors become. and that means that more upse

matter where they live, deserves or has the right to breathe clean air. >> the air district says chevron 70% of emissions by july of 2026. they will also

and the main theme of our today's issue is the chevron print. and it began. starting to develop their own style, they tried to combine unusual patterns and smooth surfaces on the material. as a result of this experiment, they got the world famous stripes and zigzags. it's time to let in your life, expression, surprise and even lightness. balmness, but in the fashion world there is another print that we want to talk about today, this is a multi-colored geometric zigzag with sharp corners and broken lines, a new presentation such a familiar and familiar striped color to us. for the first time, print in zigzag was used in its collection by an italian brand, for which a miniature multi-colored pattern on knitwear served as a ticket to the world of fashion. small stripes have become an integral element of the corporate identity. trademark feature, thanks to which the company is still recognized throughout the world. today i want to show you how you can stop being afraid of patterns and bring them into your wardrobe. and on our first model, we calmed the chevron pr

chevron must reduce 70% of emissions by july of 2026 and pay $100 million for noncompliance and other violations. mrc has to reduce emissions by 80. >> today is really about improving public health for residents who live near refineries. um, everyone, no matter where they live, deserves or has the right to breathe clean air. >> mrc's parent company says it is happy to work with the air district. chevron released a statement saying it is committed to working with the agency, but feels its rulemaking process is, quote, fundamentally broken. new at 11, there was a demonstration at the san francisco federal building. this evening. protesters were seen rallying against the ongoing humanitarian crisis in gaza over the weekend, israel conducted an air strike on rafah, killing more than 100 people. rafah is considered a designated safe zone. the united nations has since warned israel's military that its operations in rafah could lead to, quote, a slaughter. the republican led house has voted to impeach homeland security secretary alejandro mayorkas in a very close vote. the decision comes aft