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Goldman Sachs (GS) Earnings 3Q 2023

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  • Goldman Sachs is set to report third-quarter earnings.
  • The Wall Street firm’s deal-making prospects are in the spotlight.

At the Goldman Sachs Financial Services Conference in New York on December 6, 2022, Goldman Sachs Group Inc. Chief Executive Officer is David Solomon.

Michael Nagel | Bloomberg | Good pictures

Goldman Sachs is scheduled to report third-quarter earnings before the opening hours on Tuesday.

Here’s what Wall Street expects:

  • Earnings: $5.31 per share, according to LSEG, formerly known as Refinitiv
  • Revenue: $11.19 billion
  • Trading Revenue: Fixed Income $2.8 billion, Equities $2.73 billion, One Street Account
  • Investment banking revenue: $1.48 billion

Wall Street Deal Fixing?

Among its big bank peers, Goldman Sachs relies heavily on investment banking and trading revenue.

Despite efforts to diversify its revenue stream under CEO David Solomon, first a poor retail banking push and then it emphasized growth in asset and wealth management, empowering the Wall Street firm. Last quarter, trading and consulting accounts Two thirds Goldman’s earnings.

That was a headwind as mergers, initial public offerings and debt issuance all froze this year as the Federal Reserve raised interest rates to slow the economy. Analysts are keen to learn about Goldman’s pipeline of deals, with signs of activity picking up recently.

At the same time, Goldman has taken hits from two areas: its strategic layoffs from retail banking have left the company loss-making as it finds buyers for redundant operations, and its exposure to commercial real estate has resulted in writedowns.

Last week, Goldman said the sale of its lending business, GreenSky, would result in third-quarter results of 19 cents per share.

Analysts are eager to hear Salomon’s view on the investment banking outlook and how the rest of its consumer effort — mainly its Apple Card business — fits into the latest iteration of Goldman Sachs.

Goldman shares are down 8.4% this year since Monday, a better showing than the KBW Bank Index’s 21% decline.

Last week, JPMorgan, Wells Fargo and Citigroup topped expectations for third-quarter profits, helped by better-than-expected borrowing costs. Morgan Stanley reports results on Wednesday.

This story is developing. Check back for updates.

Suzanne Somers’ husband recalls her final days

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Suzanne Somers died Sunday, one day shy of her 77th birthday.

Her longtime husband, Alan Hamel, spoke to NBC News on Monday and said he knew the end was near in the days before her death.

“We were in bed together and her breathing was irregular and I was talking to her for hours,” Hamel, 87, said. “There was no response other than I kissed her, she responded, and then around 5 in the morning, she was gone.”

Although his cancer returned in July, three days before his death — after spending six weeks with specialists in Chicago — he seemed to be doing well, Hamel said.

Suzanne Sommers and Alan Hamel in California in 2016.Gregg DeGuire / WireImage file

“She was eating, you know, taking her medicine,” he said.

But a few days after they returned home, she says, things took a turn for the worse.

“All of a sudden she’s not responding, she’s not eating, she’s not taking her medication,” he said through tears. “Because I knew her so well, I said, ‘Should I call 911?’ I knew she wouldn’t like it and she didn’t want to go to the hospital.

Over the next few days, Hamel says, he sat by her side.

“Every night I talked to her for hours, and I assumed she could hear me because her lips responded. I hoped she understood what I was saying.

And, “Now I’m confused. Fortunately, we have a great family and they were all here.

The couple met in 1969 when Hamel was hosting ABC’s “The Anniversary Game” and Somers was a prize model.

“I was standing in a final meeting with the crew and staff before we started shooting the series and I saw this incredible woman standing across the stage and I thought I have to go there and I did,” he said. “And I’ve never been good at coming up with taxes, and I’m not going to tell you my credit line because it was so stupid, but it worked!”

The two married in 1977 and became business partners. Hammel recalled that he immediately began advising Somers in 1980 following a fiasco with his “Three’s Company” deal that led to his firing from the hit show.

“I grabbed her by the shoulders and said, ‘Suzanne, we’re going to make this work for us,’ and within a very short period of time, we had a plan,” she said. “We brought in some people that I know are experts and really understand branding.”

Despite Somers’ devastation at leaving the show she loved, Hamel says they poured their energies into her best-selling books, beauty lines, multiple Las Vegas residencies and their eventual best-seller, Thickmaster.

Although his wife landed another hit TV role on “Step by Step” from 1991 to 1998, Hamel says her role as Chrissy Snow held a special place.

“She told me when she got it [‘Three’s Company’], ‘Dumb blondes are annoying and you want to get away from them. I want to create a dumb blonde character that I love. If I love it, other people will love it too. And so it was.”

A tearful Hamel said he hopes his wife will be remembered for being a good mother and helping those around her.

“We wouldn’t have this family today if it wasn’t for her,” he said. “She did things that nobody knew. I would listen to her on the phone, making sure everything was going to be okay. She tried to answer everyone.”

Somers is survived by her husband, one son, three granddaughters and two stepchildren. He will be buried in a private ceremony later this week.

Aid to Gaza stalled after Egypt said Israel was not cooperating

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  • Relief supplies have arrived in Egypt’s Sinai
  • The US official said hopes for an opening had failed
  • Humanitarian conditions in Gaza are deteriorating

ISMAILIYA, Egypt, Oct 16 (Reuters) – Egypt said on Monday that Israel was not cooperating with the delivery of aid into Gaza and the expulsion of foreign passport holders.

The Rafah crossing, a key opening for essential goods into the Israeli-besieged Palestinian territory, has not been officially closed, but Cairo says it has been rendered inoperable by Israeli airstrikes in the Gaza Strip.

As Israel’s bombardment and blockade of Gaza intensify, the territory’s 2.3 million residents are without electricity, health and water services are pushed to the brink of collapse, and hospital generators are running low on fuel.

“There is an urgent need to alleviate the suffering of Palestinian citizens in Gaza,” Egyptian Foreign Minister Sameh Shoukry told reporters, adding that talks with Israel had been fruitless.

“Until now the Israeli government has not taken a position on opening the Rafah crossing from the Gaza side to allow aid and exit for citizens of third countries.”

US officials still believed Rafa would be in action for a few hours on Monday, with White House spokesman John Kirby noting earlier hopes had “diminished”.

Gazans have been under siege since Israel launched its most intense bombardment and siege on October 7 following a devastating cross-border attack by Islamist Hamas militants.

Hundreds of thousands of Palestinians have moved into Gaza, some taking cars and suitcases south to the Rafah crossing, but others turning north after failing to seek refuge.

“On the way to the crossing they shelled Rafah Street and we started shouting,” said Hadeel Abu Dahoud, a resident near the crossing. “Nowhere in Gaza is safe.”

Fear of displacement

Like others, Egypt has spoken out against any mass evacuation of Gazans, reflecting deep-seated Arab fears that the latest war will trigger a new wave of permanent displacement of Palestinians from countries where they have sought to build a state.

Early on Monday, two Egyptian security sources told Reuters that a temporary ceasefire in southern Gaza could last several hours, agreeing to facilitate aid and evacuations in Rafah.

However, Egyptian state television later cited an unnamed, high-ranking source as saying that no ceasefire had been agreed. Hamas official Izzat El-Reshiq told Reuters that reports of an agreement to open the crossing were untrue, which Israel also denied.

On the ground in Rafah, a source said the Egyptian side of the crossing was ready. Shokri said Egypt aims to restore regular access through Rafah, including for Palestinians seeking medical treatment or normal travel.

Hundreds of tons of aid from NGOs and other countries were trucked in the nearby Egyptian town of Al-Arish awaiting conditions to enter Gaza, according to two sources and witnesses there.

“We are waiting for the green light for help to arrive, and dozens of volunteers are ready at any moment,” said a Red Cross official in North Sinai.

Separately, Reuters video showed UN-flagged fuel trucks leaving Gaza for Egypt through Israeli-controlled Kerem Shalom.

The movement of goods and people through Rafah has been severely restricted under the Gaza blockade imposed by Israel and Egypt since 2007, and only registered travelers can cross.

Reporting by Ahmed Mohamed Hassan in Cairo, Dan Williams in Jerusalem, Yusri Mohamed in Ismailia, Nidal Al Muqarabi in Gaza, Nadine Awadallah and Thala Ramadan in Dubai; Additional reporting by Aidan Lewis in Cairo; By Nafisa Eltahir; Editing by Jacqueline Wong, Toby Chopra and Andrew Cawthorne

Our Standards: Thomson Reuters Trust Principles.

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Oil prices were flat as investors weighed the risks of an Israel-Hamas war

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Crude oil storage tanks are seen in an aerial photo at the Cushing Oil Center

Crude oil storage tanks are seen in an aerial photo at the Cushing Oil Center in Cushing, Oklahoma, U.S., on April 21, 2020. REUTERS/Drone Base/File Photo Get license rights

  • Oil prices rose nearly 6% on Friday
  • Israel prepares to take action on Gaza after vowing to topple Hamas
  • US Secretary of State Blinken will travel to Israel on Monday

TOKYO, Oct 16 (Reuters) – Oil traded largely flat on Monday after last week’s rally as investors waited to see if the Israel-Hamas conflict would drag on in other countries – pushing prices higher and facing a fresh blow. World economy.

Brent futures were last at $90.89 a barrel at 0419 GMT. US West Texas Intermediate (WTI) crude was down 2 cents at $87.67 a barrel.

Both benchmarks rose nearly 6% on Friday, posting their biggest daily percentage gains since April, as investors priced in the possibility of a wider Middle East conflict.

For the week, Brent advanced 7.5%, while WTI rose 5.9%.

“Investors are trying to gauge the impact of the conflict, while a large-scale ground offensive did not begin until 24 hours after Israel first notified residents of the northern part of Gaza to flee to the south,” said Hiroyuki Kikugawa. Head of NS Trading, a division of Nissan Securities.

“The impact involving oil-producing countries is factoring into prices to some extent, but if a real landscape occurs and affects oil supplies, prices could exceed $100 a barrel,” he said.

Conflicts in the Middle East have had little impact on global oil and gas supplies, and Israel is not a major producer.

But the war between the Islamist group Hamas and Israel is one of the most important geopolitical risks to oil markets since Russia invaded Ukraine last year, amid concerns about any potential escalation involving Iran.

Market participants are assessing what could be a wider conflict for supplies from countries in the world’s top oil-producing region, including Saudi Arabia, Iran and the United Arab Emirates.

Australia’s Commonwealth Bank analyst Vivek Dar said in a note on Monday that the US would fully enforce sanctions on Iran’s oil exports if Tehran was found to be directly involved in the Hamas attack.

“The United States has blindly reversed sanctions on Iran’s oil exports this year to improve diplomatic relations with Iran,” he said.

“An increase in Iran’s oil exports of 0.5-1 million barrels per day this year – equivalent to 0.5-1% of global oil supply – risks being sidelined if US sanctions are fully implemented.”

Israeli Prime Minister Benjamin Netanyahu vowed to crush Hamas on Sunday as his troops prepared to move into the Gaza Strip in pursuit of Hamas militants who have shocked the world through Israeli border towns.

Iran warned on Saturday that the situation could spiral out of control with “far-reaching consequences” if Israel’s “war crimes and genocide” were not stopped.

US Secretary of State Anthony Blinken will return to Israel on Monday to talk about a “way forward” after days of shuttle diplomacy between the Arab nations, with fears of an escalating conflict.

The U.S. imposed sanctions last week on owners of tankers carrying Russian oil above the G7 price ceiling of $60, in an effort to close loopholes in a mechanism designed to punish Moscow for its aggression in Ukraine.

Russia is one of the world’s top crude exporters, and tougher U.S. scrutiny of its exports could cut supplies.

Reporting by Yuka Obayashi in Tokyo and Emily Chou; Editing by Sonali Paul and Edwina Gibbs

Our Standards: Thomson Reuters Trust Principles.

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Yuka Obayashi reports on Japan’s energy, metals and other commodities. Signal Phone Number: 81-90-2520-3273

Today’s Stock Futures: Live Updates

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Traders work on the floor of the New York Stock Exchange.

NYSE

Stock futures rose in late night trade on Sunday, ahead of a busy week for corporate earnings.

Futures linked to the Dow Jones industrial average added 0.15%, while S&P 500 futures and Nasdaq-100 futures rose 0.17% and 0.2%, respectively.

Stocks are coming off a mixed session and week. The S&P 500 advanced 0.45% for its second consecutive positive week, while the Dow Jones Industrial Average gained 0.79%. The Nasdaq composite lost about 0.2% for the week and fell 1.23% during Friday’s session, while the S&P fell 0.5% and the Dow rose 0.12%.

Oil prices rose more than 5% during Friday’s session and posted their best day since April as the conflict between Israel and Hamas fueled some fears over oil production in the region.

Meanwhile, Wall Street weighed in on reports from major financial firms, with JPMorgan Chase and Wells Fargo gaining 1.5% and 3%, respectively.

Despite these positive results, some on Wall Street see higher volatility at the end of the year as yields and oil prices rise, inflation remains sticky and conflicts in the Middle East loom, said Cantor Fitzgerald’s Equity Derivatives and Cross-Eric Johnston. Property.

“This Mideast situation shows that when you own stocks, you take risks,” he told CNBC’s “Closing Bell” on Friday. “As a result, you have to get good upside returns to justify that risk, because there are things like this situation out of nowhere.”

Over the weekend, Israel’s military continued to urge residents to evacuate northern Gaza amid a widely expected ground invasion. Meanwhile, U.S. Senate Majority Leader Chuck Schumer (DN.Y.) said Sunday that the Senate will work to quickly pass a military aid package to help Israel fight Hamas.

Earnings season heats up this week as 11% of the S&P 500 reports results. Johnson & Johnson, Bank of America, Netflix and Tesla are some notable names on deck. Charles Schwab will announce the results before noon on Monday.

On the economic front, Wall Street is looking ahead to the Empire State Index for October due out on Monday.

Poland is voting in high-stakes elections as a populist ruling party clings to power

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Rob Pichetta

A defaced poster for a PiS candidate flies in the air in Warsaw. Poland’s election campaign has been toxic, with polls showing a tight result.



CNN

Voting takes place on Sunday in Poland A high-stakes and unpredictable The national election, its results, the direction of the country, the balance of power in the European Union and The future of war in Ukraine.

The populist ruling Law and Justice party, embroiled in a bitter fight with the European Union during its eight years in power, is seeking its third consecutive election victory, an unprecedented feat since Poland regained independence from the Soviet Union.

Law and Justice, known by its Polish acronym PiS, faces tough competition from a united opposition led by former Polish prime minister and European Council president Donald Tusk.

PiS has been accused by the European Union and the Polish opposition of undermining Poland’s democratic institutions during its time in power. PiS has brought the Polish judiciary, public media and cultural institutions under greater government control, and has taken a hardline stance against abortion access and LGBTQ+ rights.

During a bitter campaign, the party fired back at Dusk’s opposition coalition, with the former leader saying he would capitulate to Brussels and Berlin if he returned to power.

High inflation and the security of Poland’s borders were front and center for voters during the campaign. Developments in Kyiv will be closely watched after a tense period in which relations between the two close allies have soured.

Poland has been a key ally of Ukraine as it battles Russian forces in its east, but Warsaw has sharply criticized Ukraine’s government during a dispute over imports of Ukrainian grain.

Voters elect members of both houses of Poland’s parliament, Warsaw’s lower house, the Sejm, which has 231 seats – all that is needed for a party to seize power.

If they fail to secure an overall majority in Sunday’s vote, the two largest blocs will seek to enter into a coalition or informal agreement that would allow them to govern.

There has been speculation over whether PiS will strike a deal with Confederation, a far-right party that has battled support for Ukraine and picked up some former PiS voters in rural areas.

But any messy power-sharing deal could increase the likelihood of another election in the future.

Voting closes at 9 p.m. (3 p.m. ET) in Poland on Sunday, with results expected overnight.

Louisiana’s governor, Jeff Landry, is a staunch Republican

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Louisiana Attorney General and staunch conservative Jeff Landry beat out a crowded field of candidates Saturday to become the state’s next governor, cementing Republican control of Louisiana after eight years of divided government.

A staunch conservative who repeatedly fought Democratic principles on the court as Louisiana’s top lawyer, Mr. Landry will replace Democratic Gov. John Bel Edwards, who is limited to two terms. In Saturday’s “jungle primary” that pits candidates of any political affiliation against each other, Mr. Landry stunned many political observers by winning more than 50 percent of the vote, eliminating the need for a runoff.

His victory guarantees Louisiana a far-right government — Republicans have controlled the legislature for a decade, but Mr. They faced opposition from Edwards, who vetoed several bills, including those targeting LGBTQ people. This comes at a time when the state is facing rising tide Insurance rates and a declining population.

A wide field of more than a dozen candidates, including Democrats, independents and rival Republicans, Mr. Landry was given heavy odds to win outright. If no candidate gets an absolute majority, the two top vote-getters will face off in next month’s runoff.

But Mr. Landry won with 51.5 percent of the vote, followed by Democrat and former state transportation secretary Shawn Wilson with 26 percent. None of the other candidates — a panel that includes former Gov. Bobby Jindal’s aide and a prominent business lobbyist — Stephen Wagusback; John Schroeder, State Treasurer; and Sharon Hewitt, a state senator — reached double digits.

Mr. Landry, a conflict lawyer and politician, has challenged Mr. He fought the Edwards and Biden administrations and won over much of the Republican Party. , and environmental regulations.

As the Tea Party took over the U.S. government, he served as a sheriff’s deputy in the House of Representatives and twice as a legislator. But in the last eight years as Attorney General Mr. Landry flexed the power of a political office and his particular style of war conservatism.

During the coronavirus pandemic, he challenged local and national vaccination and mask mandates for health workers, students and federal employees, voicing skepticism even when vaccines were proven to help curb the spread and numbers of the virus.

He helped lead cases that resulted in a federal judge restricting the Biden administration from talking to social media companies and saw the Supreme Court limit the administration’s ability to reduce carbon emissions.

And he has supported some of Louisiana’s most controversial decisions, including a congressional map that black voters challenged as violating a key civil rights law and its abortion law, one of the nation’s toughest laws. (At one point, Mr. Landry apparently He said that Critics can let go State.)

During his campaign for governor, Mr. Landry vowed to crack down on crime in the state, though critics noted that prosecuting crimes falls under the attorney general’s jurisdiction. He pledged to end the “woke agenda” in Louisiana schools, support parents’ rights to make decisions for their children, and advocate for limiting access to what is considered transgender care and literature. Overtly sexual.

Northern California sheriff’s deputy, ‘Sandlot’ star’s mother found dead in her home, boyfriend arrested

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The mother of “Sandlot” star Marty York, who was a Northern California sheriff’s deputy, was found dead in her home and her boyfriend was arrested, authorities said.

Edward Patrick Davis was arrested in connection with the death of Del Norte County Sheriff’s Deputy Deanna Esmail, Sheriff’s Office. said Friday.

Ismail’s body was found at his home on North Shore Road on Thursday morning. Sheriff Garrett Scott said Wild Rivers Outpost Employees went to Ismail’s house when he did not show up for work and did not answer his phone.

Deanna Esmaeel with her son Marty York.Marty York via Instagram

The discovery sparked a search for Davis, who legally changed his name from Daniel James Walter in July, according to the sheriff’s office. He was found in Curry County, Oregon, a few hours away from Del Norte County.

York said he learned of his mother’s death from the sheriff’s office.

“The emotions I have right now between rage, revenge and crying are horrible,” she said in an Instagram post.

Sheriff Scott expressed his condolences on the death.

“We are all deeply saddened by the loss of Deputy Esmail. Our hearts and prayers go out to his family, friends and colleagues,” he said in a statement.

Esmail began working for the sheriff’s office in March 2021, according to the Wild Rivers Outpost.

Israel-Hamas war rages as Palestinian death toll rises in Gaza: live updates

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9:53 a.m. ET, October 14, 2023

Israel’s six-hour order for Palestinians to leave Gaza has ended. Here’s what we know

From CNN staff

Residents prepare to evacuate Gaza City on Saturday, October 14.

Mohamed Saber/EPA-EFE/Shutterstock

A six-hour window provided by the Israeli military to complete the evacuation of Palestinian civilians from Gaza City to the southern Strip ended at 4 p.m. local time (9 a.m. ET) on Saturday.

The Israel Defense Forces (IDF) told residents to move toward the Gaza Strip, in a message posted on X, formerly known as Twitter. It’s unclear how widely messages on the ground have been received by the current power and internet blackouts.

The Israeli military’s order came a day after the 1.1 million people living in northern Gaza were told to evacuate their homes.

The IDF has flooded the border with troops and military equipment amid a relentless offensive along the border in response to a large-scale incursion by the militant group Hamas on October 7.

Earlier on Saturday, IDF spokesman Lt. Col. Richard Hecht said Israel’s air, land and sea blockade of Gaza would continue for a seventh day.

“We are preparing for the next steps,” he added, but did not share information on whether and when it would land infiltration.

What we know: IDF Arab spokesman Avishay Atrey said the army will allow safe movement on certain streets between 10 am and 4 pm local time (3 am to 9 am). City residents southward from Beit Hanoun to Khan Yunis were advised to use this window. In addition, residents of Al-Shed, Al-Rimal and West Al-Zaytoun areas are “allowed to move” along Taldul and Al-Sana streets towards Salah Al-Din and Al-Bahr streets, Atrey said.

Communication freeze: Israel imposed a blockade on food, fuel and water entering Gaza on Monday. Human Rights Watch (HRW) criticized Israeli Defense Minister Yoav Gallant’s call A complete siege Monday as a form of “collective punishment” and “war crime”. A power outage has severely affected the connectivity of the band. In an interview with CNN, IDF spokesman Maj. (Res.) Doron Spielman said the IDF is dropping leaflets about new safe passages because most people in Gaza City now have no access to the Internet. However, CNN spoke to a United Nations Relief and Works Agency school official, a paramedic and a journalist on the ground who were unaware of the latest advice.
Explosive rock discharge route: Five videos from one scene have been geolocated and authenticated by CNN Big bang A civilian evacuation route south of Gaza City. Videos show several dead bodies amid a scene of extensive destruction. Some of those bodies are in flat-bed trailers that appear to have been used to transport people from Gaza City. At least several of them have children. Also, many cars were burnt and damaged. It is unclear what caused the widespread devastation; An explosion occurred on Salah Al-Deen Street on Friday afternoon. CNN has reached out to the Israel Defense Forces (IDF) for comment on any airstrikes in the same location.

Evacuees killed: Hamas media office CNN Israeli military airstrike kills 70 and injures 200 evacuees. Hamas said airstrikes hit evacuees in Salah al-Din Street, Sheikh Ahmad Yassin Street and three locations near Wadi Gaza. Earlier, the Palestinian Ministry of Health in Gaza confirmed that a “large number” of dead and wounded people, including women and children, had arrived at Al-Shifa Hospital, located in the Al-Rimal area – after shelling on their way from the north. Gaza to the south.

Forced relocation of United Nations accommodation: The United Nations Relief and Works Agency for Palestine Refugees (UNRWA) was mandated to move Its central operations from Gaza City to a location in southern Gaza followed an Israeli evacuation order issued on Friday. The company warned that its new site is now “running out” of water as thousands of civilians displaced from northern Gaza continue to arrive.
‘war crime’: Friday, the Norwegian Refugee Council said Israel orders the 1.1 million people living in northern Gaza Evacuate their homes – ahead of a potential ground invasion – “tantamounts to the war crime of forcible displacement.” Jan Ekeland, the council’s secretary-general, added that the transfer order “must be reversed”. Ekland called on “Western and Arab countries that have influence over the Israeli political and military leadership” to “immediately demand that the illegal and impossible order of relocation be revoked.”

Temperature Changes and More: How Solar Eclipses Change Weather

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Adries Latif/Reuters

Enthusiasts watch the total solar eclipse near Mitchell, Oregon on August 21, 2017.



CNN

Saturday Ring of Fire Loopy solar eclipse Playing in the sky will change the weather conditions on the surface of the earth.

During a solar eclipse, the Moon passes in front of the Sun and casts a shadow on Earth’s surface, causing changes in temperature, wind speed, and humidity.

The more sunlight is blocked, the more dramatic the weather changes. It’s comparable to how shaded areas can be cooler on a hot day than anywhere in direct sunlight.

Saturday’s annular eclipse will block up to 90% of the Sun in a narrow path from Oregon to Texas. Annular eclipses Allow slightly more solar radiation to reach the Earth’s surface, allowing sunlight and energy – rather than a total eclipse – to block the Sun completely.

But reductions in solar radiation, however brief, can affect temperatures and other weather conditions.

Not all eclipse weather changes are created equal. The exact drop in temperature varies widely based on the time of year and other factors such as cloud cover.

October’s annual eclipse is going to have a less dramatic effect on temperature than August’s total eclipse, not only because of the amount of sun blocked by the moon, but also because of the lower angle at which the sun hits Earth in fall compared to summer. .

A higher solar angle produces more intense sunlight and higher temperatures, and the angle begins to decrease in autumn.

of 2017 Total solar eclipse It happened on a summer afternoon in August, so the temperature was already high, and there was a high chance of cratering at some point along the total route. Temperatures dropped 11 degrees in one hour in Douglas, Wyoming, and widespread temperature drops in the south ranged from 4 to 8 degrees.

Jonathan Ernst/Reuters

People watch the solar eclipse approach totality from Great Smoky Mountains National Park in Tennessee on August 21, 2017.

Temperature drops during Saturday’s eclipse are not expected to be drastic, but could still drop a few degrees The path of the loop.

Areas that will experience only a partial solar eclipse will see a slower rise in temperatures from morning to afternoon, Juan Hernandez, a meteorologist with the National Weather Service in Fort Worth, Texas, told CNN.

A slower rise in temperatures could limit how far high temperatures climb in the afternoon hours, and Saturday could be slightly cooler than without the eclipse. This can happen in Dallas and Phoenix, where the Moon will block 80% of the Sun.

An eclipse affects more than temperature. Less solar radiation and lower temperatures affect wind, humidity and cloud cover.

Rapid cooling during an eclipse briefly reduces the amount of heat stored in the atmosphere. Heat causes air to rise and make the atmosphere unstable. The atmosphere then releases heat energy in an attempt to bring itself back into balance, creating clouds, storms and winds.

As the eclipse cools the air, the atmosphere calms down and the wind speeds down because the atmosphere isn’t working as hard to balance itself. Scientists took several weather measurements in Wyoming and New York during the 2017 total solar eclipse. And found Wind speeds decreased by an average of 6 mph as a result of the eclipse.

How humid it feels is closely linked to temperature. Humidity rises as air temperature and the dew point, which measures how much moisture is in the air, approach the same temperature. So when air temperatures drop slightly during an eclipse, they approach the dew point and make the air feel a little more humid.

Substantial temperature drops can also change cloud cover.

Clouds disappeared in parts of South Carolina during 2017’s total solar eclipse because they ran out of fuel — the heat that causes air to rise and form clouds. Even with less severe temperature drops, a few clouds may disperse during Saturday’s eclipse.