Several days have passed and fires continue to burn in Northern California. A number of lethal fires began racing across Northern California more than seven days ago destroying homes and businesses, prompting mandatory evacuations, and leaving overwhelming devastation and ruins behind them.The economic impact is likely to be quite serious in light of the numerous wineries, hotels and restaurants lost. The recovery efforts will be long and tourism will be scarce for the hotels and restaurants servicing the area. Bloomberg Markets, Jennifer Kaplan, Jeffrey Taylor, and Lydia Mulvany walk through some of the details surrounding the fires.
Properties burn, smoke hits grapes for this year’s vintage
Cost could be $100 million for unusable crops, economist says