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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: Out to California, where that magnitude seven point zero earthquake

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Speaker 2: occurred off the coast of the northern part of the state.

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Speaker 2: It triggered a tsunami warning that was later lifted. That

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Speaker 2: quake felt from San Jose to Grant's Pass, Oregon, and

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Speaker 2: as far inland as Sacramento, with a magnitude four point

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Speaker 2: two aftershock detected later that earthquake occurring along an active

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Speaker 2: plate boundary, but experts say it was not predicted by

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Speaker 2: recent smaller earthquakes in the area. We got with us

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Speaker 2: Bloomberg News Deputy team leader for Power and Natural Disasters

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Speaker 2: Mark Cheddiek, who joins us from the San Francisco Bay Area. Mark,

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Speaker 2: good to have you with us this afternoon. Just give

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Speaker 2: us your experience a little over an hour ago if

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Speaker 2: you felt this.

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Speaker 1: Actually I did not feel the shaking. However, I did

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Speaker 1: get an alert on my phone that an earthquake was imminent,

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Speaker 1: and then I got a subsequent alert that lots of

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Speaker 1: us around the Bay area got about a tsunami warning,

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Speaker 1: basically telling everybody to seek higher ground. I think there

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Speaker 1: are reports of limited shaking around the San Francisco Bay area,

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Speaker 1: and the tsunami warning obviously forced some evacuations, including our

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Speaker 1: offices along the pier.

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Speaker 3: Anecdotally, what are you hearing from either family, friends, or

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Speaker 3: even colleagues as far as their experiences so.

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Speaker 1: Far, Well, we're hearing things like daycare centers that are

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Speaker 1: near the coastline closing early, the San Francisco Zoo shut

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Speaker 1: and evacuated, the Bay Area, Rapid Transit train service shut

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Speaker 1: service between San Francisco and the East Bay. We are

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Speaker 1: getting some reports from closer to the earthquake. One of

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Speaker 1: our reporters spoke to the city manager of Eureka and

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Speaker 1: they are getting some limited reports of dan image. But

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Speaker 1: it's still early, and a lot of times one of

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Speaker 1: these big earthquakes events events occur, it takes a little

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Speaker 1: while to sort of figure out kind of what kind

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Speaker 1: of damage has happened.

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Speaker 2: Yeah, so let's let's let's talk about that. It's still early.

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Speaker 2: I know the Bloomberg News team is out there there

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Speaker 2: gathering data, but are we hearing any reports of significant

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Speaker 2: damages here at any point in the area. And again,

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Speaker 2: this occurred off the coast, so the epicenter was by

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Speaker 2: no means on land that's right.

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Speaker 1: The epicenter was about sixty two miles off the coastline.

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Speaker 1: We are not at this point getting any reports of

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Speaker 1: severe damage. That mean that doesn't necessarily mean that hasn't occurred,

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Speaker 1: but at this point we're not getting those reports. The

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Speaker 1: tsunami that earthquake did strike off the coastline of a

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Speaker 1: fairly sort of remote, not a densely populated part of

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Speaker 1: the state. So so it's you know, it's also possible

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Speaker 1: that we're just not getting a lot of reports back

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Speaker 1: because it's just not an area where we have a

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Speaker 1: lot of resources. But we'll see as the day continues.

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Speaker 1: So far, so good on that account.

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Speaker 3: Though. It's interesting too because a seven point of a

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Speaker 3: quake is actually larger than the one that shook San

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Speaker 3: Francisco on October seventeenth, nineteen eighty nine, and that is

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Speaker 3: when a magnitude six point nine earthquake knocked out all

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Speaker 3: powered and killed sixty three people throughout the region. But

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Speaker 3: especially since this was off the coast, maybe a little

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Speaker 3: bit different with the tectonic plates and how they were

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Speaker 3: moving for this situation and why it would not potentially

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Speaker 3: be as a devastating as what it would have been

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Speaker 3: in history. So what's next in these types of situations

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Speaker 3: since you're familiar being out there and what typically happens here, well.

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Speaker 1: Typically we start getting reports from local officials about the

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Speaker 1: kind of damage that's occurred. It may take a few

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Speaker 1: hours before those reports start coming in.

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Speaker 3: You know.

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Speaker 1: The other thing is people, you know, people who are

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Speaker 1: in harm's way are trying, you know, trying to make

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Speaker 1: sure their friends and family are see and it's a

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Speaker 1: little bit of a you know, chaotic period initially, but

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Speaker 1: after that period passes, we start to get a better

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Speaker 1: sense of like, you know, what's the magnitude of all

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Speaker 1: of this, so to speak. The good news is they

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Speaker 1: did lift the tsunami warning because that was that was

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Speaker 1: something that we were quite concerned about here in the

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Speaker 1: Sancisco Bay area. We have a lot of low lying

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Speaker 1: areas that are vulnerable to the tsunami. So, you know,

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Speaker 1: so far, so good. We will see as reports come

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Speaker 1: in throughout the day, but hopefully, hopefully we kind of

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Speaker 1: dodged a bullet here.

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Speaker 2: Yeah, we're certainly grateful that you're okay and that the

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Speaker 2: folks out there are okay, Mark, and definitely appreciate you

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Speaker 2: joining us. That's Bloomberg News Deputy team leader for Power

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Speaker 2: and Natural Disasters Mark Chediak, joining us from the San

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Speaker 2: Francisco Bay Area