i am sue keenan with the first word headlines.resident biden will implement the listing of semiconductor -- semiconductor production. they are committed to making agencies -- helping agencies coordinate their efforts. a federal judge in florida with her to a redacted version of the affidavit urgent former president donald trump's mar-a-lago home. the doj has not decided to file the document. to rush and i were president vladimir putin has increased numbers by 137,000. his decree did not say whether that would happen with a draft or more volunteer soldiers. global news, 24 hours a day on air and on quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am sue keenan. this is bloomberg. >> thank you so much. u.s. tax rallied, bond yields falling with traders awaiting jay powell's keynote on how hawkish the fed will be. how are u.s. equities performing ahead of the speech? is it all about jackson hole right now? >> the answer is more nuanced. we have the s&p 500 closing your session highs. the nas

i am su keenan. this is bloomberg. shery: south korea will take steps to stabilize the fx market if needed including to the south korea finance minister. they are closely monitoring the fx market on concerns of moves and will take steps to table lies -- to stabilize if needed. earlier in the week we heard from south korean policymakers that it had fallen to a 30 year low. we see a rebound of the korean currency on the back of the be ok. --bok lifting the cpi forecast. if they are looking at speculative offshore factors. we saw the lowest levels this week for the won since 2009. in addition we have seen fx tensions via south korean authorities. that's not usually disclosed until three month after the fact. ahead, nissan ceo joins us to talk about the push towards ev, the green tech transition and how they will fend off growing competition in that space. said officials keep up hawkish talk ahead of jay powell's moment in the spotlight. this is bloomberg. shery: the bank of new zealand governor was speaking to us a few mi

haidi: two keenan with the latest.l said it's likely to raise interest rates and keep them higher until inflation remains in the government target range. a governor told us he expects that won't happen until the middle of next year. >> the economy is in a relatively good situation. we have grown in q2 by 6.8%, in 21 by 8.6 sent. low unemployment. tight labor market. government inflation is going out but is probably among the lowest in any developed economies, perhaps the bottom 10%. 5.2%. we are determined to bring it back into her target. -- our target. we are likely to continue to raise interest rates. we expect inflation to come back down into the target somewhere around the summer of 2023, of course, as the rest of the world is facing uncertainty, there are pressures on supply chains and other factors. >> you are starting from a lower level than jay powell. you expect to reach neutrality before other countries? >> it's very hard to tell. several principles, regarding inflation is essentially a tax, drag on economy

who doesn't love keenan? >> you don't even need to look at him to smile. he's hosting a three-hour live telecast. the emmys are monday, september 12th, right here on nbc bay area, and live streaming on peacock, that should be good. >> he's really low-key, and then he gets in there with azinger. [ cheers and applause ♪ >> steve: from studio 6b in rockefeller center in the heart

who doesn't love keenan? >> you don't even need to look at him to smile.sting a three-hour live telecast. the emmys are monday, september 12th, right here on nbc bay area, and live streaming on peacock, that should be good. >> he's really low-key, and then he gets in there with azinger. >>> tonight, inside the unprecedented fbi search at former president trump's mar-a-lago home. the new details coming in after the fbi executed a search warrant at mr. trump's florida resort the former president saying agents even cracked his safe the documents they may have been looking for. outside mar-a-lago, trump supporters gathering. the gop condemning the search, accusing the biden administration of weaponizing the justice department plus, how it could impact the possibl trump run for president in 2024. >>> also tonight, the major break in the investigation into the killings of multiple muslim men in new mexico the primary suspect now under arrest >>> the growing nuclear fears in ukraine after europe's largest plant is attacked our team on the ground in that city >>>

i feel like i grew up with keenan. in my heart.ou like grew up with them. he is just -- first of all, he never ages. he has not aged in the last 20 years. but just his career, i've been a fan since all that and it has been fun to watch him thrive, and not winning an emmy after all the nominations, i'm glad he got this. >> all right, mike hill -- >> i've been watching him since all that. we literally watched this man grow up before our eyes. not only is he talented and been on snl for 20 years and doing his thing. and rocking it with the impersonations, but at the end of the day, from when i hear, and i don't know him personally, he is an exceptional human being. it's good to see the good guy get something out of it. >> we love keenan thompson. i love you both for being here with me today. mike hill, and nikki, thank you. thank you for watching simone. i'm simone d. sanders-townsend. you can catch me at 4 pm on msnbc. politics nation with the reverend al sharpton picks up this right after our short break. ks u this right after our s

we are joined by garfield reynolds and su keenan. you have these divergent views, is the rally going to run to the end of the year, is it a bear market pause? it speaks to the ambiguity of the outlook, doesn't it? garfield: it does. it is particular to the extreme interest investors have in working out what does the fed do next? morgan stanley, they feel the recent softer cpi print is something of a head fake, they don't think inflation has really gone away, that is a direct burden for companies if inflation will stay, and indirect because it means the fed will stay hawkish. jp morgan is focusing on the idea that the hardest yards have been done in the inflation fight, and if you do think the fed ends up hiking about 50 basis points in september and then starts to slow from their, given some of the resilience -- from there, given some of the resilience we've seen in the earnings space and how stocks of bounced back very strongly, even for a bear market squeeze, then you would think it would be a good time to buy equities. a lot depen

su keenan joins us with the latest.s is quite a windfall, but at the same time, overseeing oil prices easing. su: this could be the peak for saudi aramco and what a peak. the profit blows away anything they have ever produced and it is also the biggest profit of any listed company in the world. 84 -- 408i should say, 48.4 billion in quarterly profit. company said castro rose by 52% from the prior year and they are taking this windfall. they are going to use it to reduce and invest in a huge expansion of production paschi. it is betting the demand for its oil and chemicals are maine's high, even as we know the rest of the world is transitioning away from fossil fuels in a terms of outlook, the company's ceo expects oil demand to grow for the rest of the decade. that is despite downward economic pressure is on the short-term global forecast. now, i should mention, we have seen this kind of huge profit for other energy companies as well. exxon and shell posted record second quarter profits. it all how to do with russia's i

su keenan us with more on this. we are seeing a rebound in the asian session.ng oil rise toward 91, a big difference from new york trading where west texas intermediate plunged as much as almost 5% because of the comments from saudi arabia. the saudi arabian oil minister basically saying he believes the extreme volatility and lack of liquidity we are seeing in the market is causing this huge disconnect between the paper market prices and the fundamental physical market, and as a result it's likely they will cut production when they meet next month. you look at texas intermediate, brent crude also fell back. it's interesting the volatility has been extreme as we have seen last trading in the market due to a number of factors. you have seen west texas intermediate in a $13 swing. saudi arabia is the largest oil producer in the world, also the most influential member in opec-plus, so comments coming from the saudi minister clearly moved the market. since we have had oil in a tumble does situation since russia invaded ukraine, we are starting to see a reversal of t

haidi: bloomberg su keenan there.with secretary jan jan to talk about a joint solution to the cost-of-living crisis. measures are coming to curb soaring energy bills. >> you can use energy, especially gas as a way of getting back at the british people, and germany. through the use of gas supply. that is something -- we after remain vigilant. ukrainian people are facing a tough time, an illegal invasion of their country, so we have to make sure that back home in the u.k., people have the help they need. at the moment, with 30 million pounds we have put to help people, everybody will get 400 pounds off their energy bill from october to december. that is how to the increase that is come through through the energy price cap. we need more as a by december and january, into next year, those bills will probably go up further. i'm preparing options for the incoming prime minister to get him to do even more. what we want to do is make sure we work together to ensure the markets remain functioning and stable. we've got to make

su keenan has the latest.u: micron says they cannot make revenue projections in a less than the market wanted was yet another chipmaker let alone the biggest u.s. memory chipmaker to say demand is falling off rapidly. that is what micron did in the u.s. tuesday market. earlier in the day, micron said, quote, significant sequential declines in revenue and margins is what they are seeing and it is warning that fourth-quarter revenue will not be projections sent the industry stocks tumbling. as mentioned, this follows the nvidia warning on monday. there were weak reports by intel and other chipmakers. the majority of the pain is being felt by companies that make pc chips. it's consumer demand that is driving this downturn. the lockdown is over so there is not the demand for pc's there was one or two years ago. two, household budgets are hammered by inflation. like intel, micron plans to reduce capital spending on new plants and equipment this year, and expects capital expenditures will be down meaningfully from a

su keenan has been scouring through these to walk us through what we found.e some of the key takeaways? su: risk management was undoubtably the key theme at a lot of these funds will dumped stocks. buying on the dip, a lot of funds did more selling than buying, but took advantage of the market to pick up some bargain basements. let's take a look at alphabet, which was popular. got scooped up by a lot of big funds, but pseudonyms fell 35% during the order. t-1 capital could do. the george ford investment firm increase their amazon. big focus on the duchesne family office. stanley miller, one of the big titans and trading since the 1990's, and he picked up some stocks, such as eli lilly, crowd strike, moderna, it also notably sold his entire 100 99 million position and amazon.com and scaled back his position in microsoft. we talk a lot about firms scaling back on microsoft. dumped a lot of tech in the first quarter. back to watch changed hands include a lot of the tech stocks, but also some of the tech stocks from asia, such as alibaba and jd.com. either buying

we see natural gas, global su keenan joins us with the latest. dynamic when it comes to u.s. demand, global demand improving but then you have to run supply. su: you have also have a lot of signs of supply being offset by tightening in the market even though there's concern about economic slowdown. as sherry mentioned, we are seeing oil prices get a lift to change a third day higher. government showing the u.s. is exporting a record number of petroleum products, also failed to help with the energy crisis abroad. playing into this is the situation improving? we see an appearance of an improving situation in terms of iran nuclear talks. lifting sanctions with much more oil on the market. they are perhaps replacing russia. the void left by russia in terms of european energy. we are also getting low volume which exacerbates this. you're looking at west texas intermediate above 95 once again. brent crude is coming off with the energy ministers signaling that opec-plus might actually cut production in the upcoming meeting because they are concerned abo

who doesn't love keenan? >> you don't even need to look at him to smile. he's hosting a three-hour live telecast. the emmys are monday, september 12th, right here on nbc bay area, and live streaming on peacock, that should be good. >> he's really low-key, and then he gets in there with azinger. [ cheers and applause ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests - kate mckinnon, lili reinhart, maitreyi ramakrishnan, musical guest, jon pardi and featuring the legendary roots crew >> questlove: 1696 >> steve: and now, here he is, jimmy fallon [ cheers and applause ♪ ♪ [ cheers and applause >> jimmy: that's what i'm talking about. hey, everybody welcome, everybody welcome, welcome, welcome to "the tonight show. you're here. you made it. thank you for watching [ cheers and applause well, guys, of course everyone is talking today about this. yesterday, the fbi showed up unannounced and searched former president trump's mar-a-lago home for classifie

tournament in san jose, california and has put herself into the top 10 in the world rankings cassette. keenan day came out as gay last month, and she criticized publicly russia's invasion of ukraine. it's been a roller coaster of a month for gerry act, has akeena, and this come from behind 3 set. when in california kept it off. the russian defeated american shall be rogers to win her 5th career title. and when any rupture from an appreciative american crowd, cars, akina is 25 years old, and is now ranked number 9 in the world. she's played against the greats of the sport. sometimes winning, always challenging. and she's represented her country. that's her on the far left to before she became russia's number one player. and then last month talking in spain to a russian, you tuber beach at crock. jenko, she made a couple of things clear that were likely hard to handle back home. is that going to is about my son. jesse. jesse is there, isn't it there. so the camera, she's up yet now. the dish, there's no money not been done. if the cars up isn't 1st, she said she is gay and wanted to follow in t

haidi: su keenan there with the latest.continue to watch these developments in taiwan with the u.s. house speaker's visit expect to create more volatility. we can get all of the news when it comes to what is breaking across the asia-pacific, be sure to tune in to bloombergradio.com as well. lots more to come. this is bloomberg. ♪ haidi: jetblue reported a loss but the company ceo says he expects a return to profit in the third quarter for the first time since the start of the pandemic. he spoke to bloomberg earlier. >> if we go back to our april earnings call, we made a lot of adjustments. we pull down capacity. in quarter two, the unit cost came in at the better end of what we could expect. the difference in q2 is in terms of fuel price. we saw prices go up from a initially guided the quarter. as we come into q3, we see a nice recovery. we are forecasting a profit, the first profit since covid came in. we have not changed the cost guide for the rest of the year. we have not done that. q3 and q4 we are both expecting to be

su keenan has more. this goes against expectations.ent biden going all the way over there, even meeting with the crown prince of saudi arabia. there were expectations perhaps it could do a little bit more. >> this was not expected. 100,000 barrels a day for the month of september is considered the token increase. one analyst called it a rounding error, meeting it doesn't make any difference. that is the surprise. goldman and other analysts were expecting a modest increase. not the tiniest increase in the six decade history of opec. green on the screen. oil climbing above -- below 90 close in the u.s.. 91 in asia after plunging to the lowest in almost six months. we will get to the drop in u.s. demand. but oil has given up all gains triggered by moscow. dropping the bloomberg, you will see what opec warned about, the severely limited spare capacity. what oil producers like to have if they have to produce more than they need to. it has fallen off of a cliff. that is why so many analysts say they are not unwilling to boost at the producti

supplies but for more on those comments from the saudi oil minister and oil markets, let's bring in su keenanave the markets hanging onto everything that opec-plus has to say right now. what were the indications coming from the minister? >> the comments made an already volatile market even more so. extreme volatility and the lack of liquidity right now in the market is causing the futures market to move in ways that are disconnected from the supply demand of fundamentals. they see the futures market increasingly disconnected from fundamentals and sherry mentioned opec-plus might be forced to cut production. you're looking at the u.s. benchmark. that is brent crude. this is a benchmark for the rest of the world. as for volatility, they had a price of about $13 in august alone and sherry mentioned it will come back just a little bit in asian trading. the trade near 96. the real story is that the first five months of the year, we saw oil prices surge. this is all exacerbated by the drop in trading volume by concerns about inflation, rate hikes, all of this detracting from the price. that has exa

haidi: su keenan with the energy wrap. can find more stories to get your day going on the bloomberg. you can also customize settings so you get the news on the industries and assets that matter to you. this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create haidi: let's look at the day ahead for australia and new zealand. they say they will implement tax cuts legislated by the previous government despite costing billions in revenue. we will be getting billing approvals for july. the group says your risks falling behind -- europe risks falling behind the u.s. on building the green industry. the company says despite a 40

stock fall off, su keenan joins us. crypto market, crypto lovers was hoping the bottom was in but it does not look like it. >> that clearly is what is driving the most recent volatility. markets in general did not like what the fed chair had to say, let us drop into the bloomberg, we have been struck around the 20,000 level which help support over the last 8-12 hours, a two day drop of 7.5%. look at the screen, we have dropped back into the 19,000 level. that is for a lot of the technical strategists, the high 19 thousands, support is holding as many of the bitcoin enthusiasts will say. the gyrations have come amid uncertainty about the magnitude of fed rate hikes and there could be a riskier outfit and you have to look at the bigger picture. you have already been through a big retreat in the crypto and they are distorting to find footing once again. 20,000 is the key point, a lot of focus around the next couple of days, bitcoin had a lot of companies, look at the other crypto's, a lot of red on the screen. the second b

su keenan joins us with more. quite a windfall, but i can't help but ask, how long? pressure on prices. >> good question. we could be at the peak. high oil prices have been very good for saudi arabia. it's second quarter profit blows away all prior records. 40 and $.4 billion dwarfed the profit of any listed company in the world. free cash flow rose by 53% from a year ago. it is a windfall to reduce debt as well as invest in a huge expansion of its production capacity. in terms of outlook, it is betting the demand for chemicals will remain high. that is even as the world is starting to look to transition away from fossil fuel. the company's ceo expects to oil demand to continue to grow despite the downward economic pressures. we are seeing this boom from other energy companies as well. exxon and shell recently posted record second-quarter earnings. the russian invasion of ukraine sending oil prices up $100 a barrel and causing margins to soar. there is a view that this could well be the peak of these major profits for big oil. haidi: oil prices have been easing. su:

. >> let's get more on the markets with mike regan, stephen engel and sue keenan with our top stories. let me start with you. a bit of a mixed session when it comes to treasuries. maybe the soft rally continues. what were markets paying attention to? >> this comes from a few different reasons. nancy pelosi traveling to and from taiwan without any major incident, i think that is the most acute risk that people were worried about this week. i say there are still some plans for china to hold some military exercises and there is some risk there that tensions could return but for today, that was a big one. as you put it up, this economic data today, the ism services index, factory orders, durable goods orders, not all better-than-expected but in that positive sort of growth area. investors are worried that economic data is not stream -- screaming in recession at the moment but the earnings are beating estimates by about 5%, showing right now that the companies have a growth of about 8%. not really a blower quarter by any means. i really started to get worried about the economic data being

said keenan.ssible that the suspect does not lie to gain respect. >> just be honest, if you're honest, things will be gay. you're thrive. if you lie, there will be very devastating circumstances. mr. big will only accept the truth. >> the truth? so far went undercover officers had asked him about his life. about a dozen times are so. he did not waver about the story that he had stuck to for more than a decade. nothing to do with it. september 27th, 2008. the whole team room in winnipeg. lead investigator, rob buret, monitoring in a nearby room. >> so, you have this elaborate set up. what are you trying to get it? >> i've been involved in investigations where we have been able to kill or people of wrongdoing. so we're not just there to find people guilty, were there to seek the truth. >> the moment had come. time for him to come clean. >> you and me out we are going to talk, man to man. >> man-to-man for sure. >> coming up, his back against the wall. what would deny say to mr. big? >> i'm gonna tel

i want to address my fellow campus and then the national community about the 2022 keenan elections and the role of the independent electron unbundled commission die. it is, see the body mandated by the constitution on the law to conduct and manage elections. on august 9th, 2022 millions opinions turned out to like numbers in an attempt to choose their leaders, the national county and local levels of the long and generally peaceful compares but yesterday, august 15, a budding democracy suffered a major setback. as a result, king of face is a grave, legal and political crisis. the result of the actions or mr. were furniture will cut the chairperson of the i. e, b, c. the constitution and our lungs are clear about how the i d. c should conduct is business. there is no more important role for the a, b, c than the conduct transmission. and turning or the presidential election. he had a pin for nowhere, with a past political basses, but a, b, c, that blind this country interest dekessa chapter. the terrible memories of the aftermath of the 2007 elections are still fresh in our minds into in

su keenan joins us with more. he left quite the legacy. su: said day.many on wall street are remembering and. he was one of the most successful hedge funds. he started tiger management at 48. that's relatively old. in the late 1990's, asset soared to $22 billion. returns were averaging 32%. they are known as the tiger cubs. let's listen. >> if you take a long period of time, it's been pretty good to stick with a lot of the good hedge funds that are out there right now. i certainly have money that i don't manage myself. su: he was not only known for his investing. he was also a major philanthropist. many close to him will tell you. spohn from the fact when he would greet someone, he would call them tiger. that ended up being the name of his fund and other tiger cubs as well. haidi: of course, one of those disciples triggered a recent blowup with archegos capital. su: he was saddened by that. some on wall street might disagree a could happen to anyone. he was a star trader to come out of tiger. his fund lost $20 billion in a matter of days. that is one pa

let's bring in su keenan.s a perfect time, given that the stock is rebounding. >> the stock outperforming the nasdaq 100 and the s&p 500. moving 50% from that low. up after hours, more than 4% gain as investors bracing this 341 split. a lot of people watching on youtube, 34,000 viewers taking in the news. tesla shareholders approving 341 stock split. -- a 3 for 1. that is going to bring it to the $300 range. that is going to make it more attractive to shareholders. tesla first announced the plan back in late march on twitter. this will be the second stock split in two years. they had a five for 1 stock split. >> what were some of the other car lights -- the other highlights? >> he had a big enough audience to say to his the world's richest man and ceo of this company, a lot of people pay close attention to his economic outlook. he sees commodity prices trending downward over the next six months. past pink inflation. he said i think inflation is going to drop rapidly. he reiterated his prior comments, that perh

. >> su keenan there. we are checking the back of the gdp numbers.e seeing some downside when it comes to the currency here this morning. weakening about half of 1% or more. there is 35, 51, keep in mind. this has been quiet a stellar rally. the tourism factor, a lot of people returning to thailand. that is helping the currency as well. that drop in oil prices is helping the currencies. >> thailand will be part of the next conversation and we will dig deeper into southeast asia and private capital and where a lot of these are deployed wanted to the private capital. they can talk a -- talk us through what they are thinking and where they're putting their money. we will look at the nuance here. this is bloomberg. ♪ >> it is the time of the week when we focus in on southeast asia. here it is. this was a challenging time when you look at the private market fundraising. it all remained strong for the region. >> it certainly has when it comes to southeast asia. look at the numbers that they have been crunching up. we have seen investment is southeast asia,

more on markets are across as set asia editor -- asset asia editor andreea papuc and gutenberg su keenan. where does this go, and what does it mean for asia not even specifically today but for the rest of the year perhaps? >> great question. look, the markets are readjusting. there is a lot of uncertainty out there. there. there's a lot of confusion around mixed data. one thing we know for sure is tightening financial conditions are going to continue. at the moment we are looking at a soft start to asia following a decline in the u.s.. his hawkish rhetoric. same story every day. but, that is what is concerning investors. that is what traders are trying to recalibrate. so, a soft start for asia. we also have a steepening of the yield curve. that's not a good sign for equities. plus, we have data coming down especially in china. we have asia pli coming down. we have a china manufacturing number likely to start with contraction. all of that is not boding well for asian equities at the start of the day. a further rest of the year, who knows? -- as for the rest of the year, who knows? but it

heidi: let us get more from our cross asset editor, su keenan joininus awell. andrea, the rally continues, a lot of concerns about the growth although, still. >> that is right, the rally continues on the back of the consumer stock earnings we saw in the u.s. last night. basically shows that the u.s. consumer remains relatively resilient despite inflation and rates going higher. company profits have largely powered these rebounds in stocks from the lows in june. monetary savings are tightening, inflation remains high, that is one of the reasons why the fomc minutes coming out on wednesday will be key for investors. looking perhaps not too subtle but do see where the debate on whether inflation speaking, whether we have reached the peak hawkishness. while we make it some tailwinds from the earnings, there is a lot of uncertainty, especially with tightening financial conditions. shery: not to mention the fed rate decision and plenty of eco-data to watch out for. what are you expecting in today's trading? >> it'll like we are going to have a more positive open foll

shery: su keenan with the latest on oil prices, important for the inflation debate.e speak to san francisco fed president mary daly to get her latest on where inflation is going, the latest job numbers, and, what they mean for kathleen: welcome back, i'm kathleen. we like to welcome our bloomberg radio listeners. if you have acceleration, it may take pressure off the federal reserve to continue aggressively hiking interest rates, that's a big important question, not only for markets, probably the federal reserve itself. joining us to san francisco fed president mary daly. it's good to have you, it's great to be here in san francisco, just a few blocks away from the san francisco fed getting to talk about these issues with you. >> it's really good to see you and be in person. kathleen: i have to say, i always say the news gods are smiling on me when i interview someone like you. there's really important numbers have just come out. cpi,'s consumer price index for july, the headline broke significantly. the very next day, producer prices, which is the secondary portfoli

paul keenan in his article on congresswoman cheney tries to get out to 2024 where she has a politicalresence. explained to meet where her presence is in the present republican party. annmarie: she is ostracized. she is a pariah of the republican party even though she had voted on a number of issues alongside republicans, whether it was against the inflation reduction act or abortion, these issue she continues to have a conservative record, but she has led the charge as the top republican on the select committee investigating january 6. she is a pariah within the party. she is a pariah in wyoming. it does look like the polls are pointing to the trump backed candidate that will take the seat she has held. the zeitgeist or the chatter in washington is potentially she could launch a bit for 2024. tom: there should become a democrat? annmarie: no. she is conservative. tom: there are no democrats in wyoming. there are three of them and grizzly bears. annmarie: even if she was to do that, what does it matter? this was a state donald trump 170% to 27%. his candidate is likely going to succeed

which is perfect right now, if you are driving in the east bay 16 minute drive time between the car, keenan's bridge and the mcarthur maze, not a bad commute. bay bridge is light, so hopefully we'll stay nice and light. as you come through here . i do see. unfortunately for someone that looks like some red blue lights coming on, and someone's mirrors like, uh oh, that stinks. it's just the way you started monday. oh putting the spotlight on there, huh? alright 402. let's go back to the desk, pal. thank you. huge wildfires still burning out of control this morning and siskiyou county. it's a mckinney fire. it's already burned more than 52. 1000 acres since friday . right now it is 0% contained. ktvu is elissa harrington has more on what has become california's biggest wildfire. playground we put in last year, roger dairy shows the devastation to the small community of klamath river in siskiyou county, where he has lived since the 19 seventies. just about every home in town burned to the ground. the mckinney fire also destroyed the community center, the oaks milk trailer park and playground. da