WEBVTT - Special Coverage: Strong Earthquake Strikes California 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Out to California, where that magnitude seven point zero earthquake

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<v Speaker 2>occurred off the coast of the northern part of the state.

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<v Speaker 2>It triggered a tsunami warning that was later lifted. That

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<v Speaker 2>quake felt from San Jose to Grant's Pass, Oregon, and

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<v Speaker 2>as far inland as Sacramento, with a magnitude four point

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<v Speaker 2>two aftershock detected later that earthquake occurring along an active

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<v Speaker 2>plate boundary, but experts say it was not predicted by

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<v Speaker 2>recent smaller earthquakes in the area. We got with us

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<v Speaker 2>Bloomberg News Deputy team leader for Power and Natural Disasters

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<v Speaker 2>Mark Cheddiek, who joins us from the San Francisco Bay Area. Mark,

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<v Speaker 2>good to have you with us this afternoon. Just give

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<v Speaker 2>us your experience a little over an hour ago if

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<v Speaker 2>you felt this.

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<v Speaker 1>Actually I did not feel the shaking. However, I did

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<v Speaker 1>get an alert on my phone that an earthquake was imminent,

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<v Speaker 1>and then I got a subsequent alert that lots of

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<v Speaker 1>us around the Bay area got about a tsunami warning,

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<v Speaker 1>basically telling everybody to seek higher ground. I think there

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<v Speaker 1>are reports of limited shaking around the San Francisco Bay area,

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<v Speaker 1>and the tsunami warning obviously forced some evacuations, including our

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<v Speaker 1>offices along the pier.

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<v Speaker 3>Anecdotally, what are you hearing from either family, friends, or

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<v Speaker 3>even colleagues as far as their experiences so.

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<v Speaker 1>Far, Well, we're hearing things like daycare centers that are

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<v Speaker 1>near the coastline closing early, the San Francisco Zoo shut

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<v Speaker 1>and evacuated, the Bay Area, Rapid Transit train service shut

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<v Speaker 1>service between San Francisco and the East Bay. We are

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<v Speaker 1>getting some reports from closer to the earthquake. One of

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<v Speaker 1>our reporters spoke to the city manager of Eureka and

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<v Speaker 1>they are getting some limited reports of dan image. But

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<v Speaker 1>it's still early, and a lot of times one of

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<v Speaker 1>these big earthquakes events events occur, it takes a little

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<v Speaker 1>while to sort of figure out kind of what kind

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<v Speaker 1>of damage has happened.

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<v Speaker 2>Yeah, so let's let's let's talk about that. It's still early.

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<v Speaker 2>I know the Bloomberg News team is out there there

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<v Speaker 2>gathering data, but are we hearing any reports of significant

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<v Speaker 2>damages here at any point in the area. And again,

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<v Speaker 2>this occurred off the coast, so the epicenter was by

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<v Speaker 2>no means on land that's right.

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<v Speaker 1>The epicenter was about sixty two miles off the coastline.

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<v Speaker 1>We are not at this point getting any reports of

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<v Speaker 1>severe damage. That mean that doesn't necessarily mean that hasn't occurred,

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<v Speaker 1>but at this point we're not getting those reports. The

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<v Speaker 1>tsunami that earthquake did strike off the coastline of a

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<v Speaker 1>fairly sort of remote, not a densely populated part of

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<v Speaker 1>the state. So so it's you know, it's also possible

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<v Speaker 1>that we're just not getting a lot of reports back

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<v Speaker 1>because it's just not an area where we have a

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<v Speaker 1>lot of resources. But we'll see as the day continues.

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<v Speaker 1>So far, so good on that account.

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<v Speaker 3>Though. It's interesting too because a seven point of a

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<v Speaker 3>quake is actually larger than the one that shook San

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<v Speaker 3>Francisco on October seventeenth, nineteen eighty nine, and that is

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<v Speaker 3>when a magnitude six point nine earthquake knocked out all

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<v Speaker 3>powered and killed sixty three people throughout the region. But

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<v Speaker 3>especially since this was off the coast, maybe a little

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<v Speaker 3>bit different with the tectonic plates and how they were

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<v Speaker 3>moving for this situation and why it would not potentially

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<v Speaker 3>be as a devastating as what it would have been

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<v Speaker 3>in history. So what's next in these types of situations

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

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<v Speaker 1>Typically we start getting reports from local officials about the

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<v Speaker 1>kind of damage that's occurred. It may take a few

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<v Speaker 1>hours before those reports start coming in.

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<v Speaker 3>You know.

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<v Speaker 1>The other thing is people, you know, people who are

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<v Speaker 1>in harm's way are trying, you know, trying to make

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<v Speaker 1>sure their friends and family are see and it's a

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<v Speaker 1>little bit of a you know, chaotic period initially, but

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<v Speaker 1>after that period passes, we start to get a better

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<v Speaker 1>sense of like, you know, what's the magnitude of all

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<v Speaker 1>of this, so to speak. The good news is they

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<v Speaker 1>did lift the tsunami warning because that was that was

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<v Speaker 1>something that we were quite concerned about here in the

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<v Speaker 1>Sancisco Bay area. We have a lot of low lying

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<v Speaker 1>areas that are vulnerable to the tsunami. So, you know,

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<v Speaker 1>so far, so good. We will see as reports come

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<v Speaker 1>in throughout the day, but hopefully, hopefully we kind of

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<v Speaker 1>dodged a bullet here.

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<v Speaker 2>Yeah, we're certainly grateful that you're okay and that the

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<v Speaker 2>folks out there are okay, Mark, and definitely appreciate you

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<v Speaker 2>joining us. That's Bloomberg News Deputy team leader for Power

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<v Speaker 2>and Natural Disasters Mark Chediak, joining us from the San

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<v Speaker 2>Francisco Bay Area