The Varni Daily

Renown announces standalone children’s hospital

$40 million Golisano gift is the largest in Renown history; site and timeline not yet set.

Renown Health said Thursday it plans to build a standalone children’s hospital on the Renown Regional campus, made possible by a $40 million gift from philanthropist Tom Golisano. Renown becomes one of six new members of the Golisano Children’s Alliance and the westernmost member to date. Construction timeline and final location details have not been announced.

Washoe County studies wildfire evacuation lessons

Bug and Hawk Fire data feed a countywide road-and-response review.

Washoe County emergency managers are using summer evacuations from the Bug and Hawk fires to shape an ongoing countywide evacuation study. Administrator Kelly Echeverria said the focus includes road connectivity, choke points and whether neighborhoods have multiple exit routes. Preliminary results are expected this fall.

Hawk, Bug and Stallion fire recovery moves into cleanup

Washoe County outlined a three-phase recovery for properties damaged by the Hawk, Bug and Stallion fires: free hazardous-waste removal, owner-led debris cleanup, then rebuild permitting. Evacuations have been lifted; the county is coordinating with state and federal partners.

Lombardo applies for SBA Hawk Fire disaster declaration

Gov. Joe Lombardo is applying for a Small Business Administration disaster-area declaration to add federal low-interest loan options for Hawk Fire survivors. The Nevada Office of Emergency Management also launched a “30 Days Ready” preparedness campaign for National Preparedness Month.

NV Energy keeps PSOM watch for northern Nevada zones

Possible de-energization Saturday–Sunday if fire weather worsens.

NV Energy said a Public Safety Outage Management watch remains in effect for multiple northern Nevada zones, including areas around Incline, Glenbrook, Stateline, Virginia City Highlands and Winnemucca. If a PSOM is ordered, de-energization could run roughly 11 a.m. Saturday, Sept. 12, through 11 a.m. Sunday amid Fire Weather Watches.

Federal IMT takes command of Davis Fire near Mount Rose

Southwest Area Incident Management Team 1 assumed command of the Davis Fire, with an incident command post at Galena High School. Reporting put the fire near 5,500 acres with more than 600 personnel assigned; evacuation orders remained for communities including ArrowCreek, Montreux and St. James Village.

Heat wave breaks Bay Area records; cooler weekend ahead

NWS Heat Advisory remains through 10 p.m. Thursday.

National Weather Service preliminary data showed Wednesday record highs of 94°F in San Francisco, 97°F in downtown Oakland, 104°F in San Rafael and 83°F in Half Moon Bay. A Heat Advisory remains through 10 p.m. Thursday for the Bay Area and Central Coast, with inland highs again in the 90s to triple digits before cooling this weekend.

BART suspends Green Line after Daly City substation fire

BART suspended Green Line service between Berryessa and Daly City on Thursday while crews repair train-control equipment damaged in Tuesday night’s traction-power substation fire near Daly City. All stations remain open; riders were directed to Blue/Orange transfers at Bay Fair. Heat-related “false occupancy” signaling glitches also contributed to multi-day delays.

Heat triggers BART “ghost train” signaling errors

BART said extreme heat appears to have caused false track occupancies — the control system reporting a train where none exists — compounding delays after the Daly City fire. False occupancies were reported Tuesday near Daly City and again Wednesday morning.

Mayor Lurie declares San Francisco “rent emergency”

Median rents up 26% and eviction notices up 44% over the past year, city says.

Mayor Daniel Lurie declared a rent emergency Thursday and unveiled tenant measures that include additional funding for Tenant Right to Counsel and higher Ellis Act relocation payouts. Officials tied the surge to the AI-driven housing market; Lurie said the city would pursue both near-term tenant protections and more housing supply.

Spare the Air alert accompanied Wednesday heat

The Bay Area Air Quality Management District issued a Spare the Air alert for Sept. 9 for elevated ozone, citing high inland temperatures, light winds and a delayed sea breeze. Officials advised outdoor exercise in early morning hours when ozone is typically lower.

Hurricane Lowell linked to at least two Hawaii deaths

Gov. Green seeks major disaster declaration for Kauai and Maui counties.

Hurricane Lowell battered Hawaii’s western islands this week and is linked to at least two deaths: a 74-year-old man found near Kauai’s south shoreline after storm surge, and a man killed on Oahu when a tree fell on his tent. Oceanfront resorts on Kauai were damaged; Lanai’s cargo port was reported inoperable. The storm has since been downgraded to a tropical storm.

Trump escalates Canada trade fight with import bans

Selected Canadian alcohol, dairy and motorcycles barred starting Sept. 29.

President Trump issued proclamations banning certain Canadian alcohol, dairy products and motorcycles from U.S. entry effective Sept. 29, and expanding 50% tariffs to additional goods including specialty cheeses, boats and furniture. The moves followed Canada’s retaliatory tariffs of up to 50% on hundreds of U.S. goods that took effect Tuesday.

GSA directed to remove Canadian-origin products from schedules

Trump directed the General Services Administration, working with USTR, to remove Canadian-origin products from GSA Multiple Award Schedules, which the president said account for more than $50 billion a year in federal purchasing.

Administration asks Supreme Court to revive SAVE voter-roll tool

The Trump administration asked the Supreme Court on Tuesday to allow use of a revised Systematic Alien Verification for Entitlements (SAVE) database for checking state voter rolls. Advocacy groups that sued to block the system argue batch searches risk wrongly removing eligible voters.

Apple unveils foldable iPhone Duo starting at $1,999

Apple introduced the iPhone Duo, a book-style foldable with a 5.4-inch outer screen and 7.6-inch inner display, starting at $1,999 and due Oct. 23. The company also announced iPhone 18 Pro models and said an iOS 27 beta with an AI-updated Siri is planned for October.

Iran and U.S. hit tankers in biggest shipping attacks since war began

Centcom says five Iranian crude carriers destroyed; IRGC claims 10 ships struck.

U.S. Central Command said it destroyed five Iranian oil tankers after IRGC ballistic missiles targeted a U.S. Navy ship; no Americans were harmed. Iran said it attacked 10 ships near the Strait of Hormuz, including two U.S. vessels and eight tankers. At least one seafarer was killed aboard a products tanker off Dubai.

Jordan intercepts most IRGC missiles aimed at U.S. base

Iran fired ballistic missiles at a U.S. military base in Jordan. Jordan said it intercepted 18 of 20 missiles, with the remaining two falling in unpopulated areas. A U.S. official said all American troops were accounted for.

Brent settles at $107.63; WTI closes above $100

Both benchmarks post steepest one-day gains in nearly two months.

Brent crude futures settled up $6.42, or 6.34%, at $107.63 a barrel on Thursday. West Texas Intermediate rose $6.43, or 6.69%, to $102.48 — WTI’s first close above $100 since May. Hormuz flows remain far below pre-war levels; Houthis also seized Yemen’s Mocha port, adding Red Sea risk.

Houthi strikes wound 73 in southern Saudi cities

The Saudi-led coalition said Houthi ballistic missiles and drones struck Abha, Khamis Mushait, Jazan and Najran, wounding at least 73 civilians and forcing temporary shutdowns at some southern energy facilities. Saudi Arabia responded with dozens of air strikes in Yemen, according to Houthi reports, while Riyadh warned of further consequences.

Russia resumes Kyiv strikes after U.S. envoy pause

Russia resumed drone and missile attacks on Kyiv after a three-day pause tied to the visit of U.S. envoys Steve Witkoff and Jared Kushner. Mayor Vitali Klitschko said three people were killed in Tuesday’s assault; President Zelenskyy again urged allies for more ballistic-missile interceptors.

IAEA board refers Iran to U.N. Security Council

The International Atomic Energy Agency board of governors voted Wednesday to refer Iran to the U.N. Security Council over nuclear non-compliance, according to reports of a 23–3 vote with eight abstentions. Russia, China and Niger voted against the resolution.

Wall Street falls as oil and Treasury yields climb

Fourth straight down session for major indexes.

U.S. stocks ended lower Thursday as surging oil and higher Treasury yields stoked rate-hike concerns ahead of Friday’s CPI and next week’s FOMC. The S&P 500 fell about 0.58% to roughly 7,591, the Dow about 0.60% to about 52,064, and the Nasdaq about 0.65%–0.7%.

FedWatch odds of 25 bp hike rise toward ~70%

CME FedWatch showed roughly a 70%–71% chance of a 25-basis-point rate hike at the Sept. 15–16 FOMC meeting, up from about 60%–61% a day earlier, as oil and producer-price data reinforced inflation worries. The 10-year Treasury yield approached or topped levels not seen since 2023.

Oracle tops estimates; AI cloud backlog hits $664B

Oracle reported first-quarter revenue of $19.3 billion, up 30%, with cloud infrastructure revenue up 121%. The company booked more than $30 billion in additional AI cloud contracts, lifting remaining performance obligations to $664 billion, and reported a smaller free-cash-flow outflow than analysts expected.

Intel slides ~6% as chip rally cools; Nvidia and AMD fall

Intel fell about 6% Thursday after a parabolic year-to-date run, with Nvidia and AMD each down about 3% in sympathy as higher yields pressured richly valued semiconductors. No fresh company-specific catalyst was cited for the Intel drop.

Oil: Brent $107.63; diesel near record highs

Alongside the crude rally, U.S. average retail diesel was reported near or above a record around $5.94–$5.98 a gallon. EIA data showed U.S. crude inventories down 391,000 barrels last week; OPEC cut its 2026 world oil-demand growth forecast for a fifth straight month.

Canada–U.S. tariff spiral weighs on trade outlook

Markets continued to digest Canada’s roughly $20 billion in retaliatory tariffs that took effect Sept. 8–9 and the U.S. Section 338 import bans and tariff expansions announced in response, including procurement exclusions for Canadian-origin goods.

Crude: Brent +6.3% to $107.63; WTI +6.7% to $102.48

Both majors posted their steepest one-day advances in nearly two months after the U.S.–Iran tanker exchange and Houthi Red Sea developments.

Equities: fourth straight down day for S&P, Dow, Nasdaq

Major indexes closed lower by roughly 0.6% as energy inflation and bond yields outweighed selective AI/cloud winners.

Rates: 10-year yield near multi-year highs

The 10-year Treasury yield rose into the high-4.8% to ~4.96% range Thursday — levels last seen in 2023 — as traders priced a higher odds of a Fed hike.

FedWatch: ~70% chance of 25 bp hike Sept. 16

Odds of a quarter-point hike at the mid-September FOMC rose from about 60% Wednesday to roughly 70%–71% Thursday after oil and PPI-related inflation concerns.

VIX: climbs into mid-teens as oil tops $100

The Cboe Volatility Index closed Sept. 9 at 16.25 (+3.37%) and traded higher into Thursday’s session as Brent held above $100 and the PPI/CPI/FOMC calendar tightened.

Semis: Intel −6%; Nvidia & AMD ~−3%

Profit-taking hit Intel after a ~188% YTD run through Wednesday; Nvidia and AMD sold off in sympathy without new company headlines.

Bloom Energy: options frenzy cools after S&P inclusion news

Bloom Energy saw nearly $350 million in options notional on Sept. 8 after S&P 500 inclusion (effective Sept. 21). Shares later eased — about −3% early Thursday after closing near $269 on Wednesday.

Oracle: post-close beat lifts AI-cloud narrative

After the close Thursday, Oracle beat on revenue and reported RPO of $664 billion on >$30 billion in new AI cloud bookings — a potential positive for cloud/infra names into Friday.

Amgen / heart-drug complex: residual pressure from pelacarsen miss

Amgen and related heart-drug names remained under watch after Novartis said pelacarsen failed a late-stage study earlier in the week, with Amgen also facing a BMO downgrade to market perform.

Calendar: CPI Friday; FOMC decision Wednesday, Sept. 16, 2 p.m. ET

August CPI is due Friday after Thursday’s PPI print. The Federal Reserve’s Sept. 15–16 meeting ends with a rate decision Wednesday at 2 p.m. ET — the week’s primary macro event risk.