​🌱 ​Pacific Storm To Hit SD This Week☔+ Higher Prices=Higher Profits

Hello all. It's me, Bettyann Pernice, your host of the San Diego Daily — here with what's happening in town these days:

• San Diego will experience a Pacific Storm this week — take your umbrella!
• Earnings reports show that Higher Prices = Higher Profits
• Pending home sales dropped by half in San Diego in October.

But first, today's weather:

Rain and drizzle in the p.m.🌧️High: 68, Low: 61.

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Here are three of the top stories today in San Diego:

1. After a lovely weekend, San Diego faces a Pacific Storm due to arrive this week. The storm originated in the Gulf of Alaska and is moving south. Chance of rain is 20% today, 86% Tuesday, and 23% on Wednesday. While some areas of San Diego will not get rain, others such as Julian will get up to 3.7 inches of rain. Snow is possible in the mountains. The storm will leave behind fair, dry, and cool weather for our area. While rain is always good news in San Diego, this storm will not bring enough rain to take us out of our drought. (NBC San Diego)
2. Is it just greed? San Diegans face higher prices at the grocery store, at the gas pump, and at fast food restaurants, among other places. Yet, the price of food, gas, and fast food have contributed to soaring profits here. Kroeger reported earnings of $732 million, up a whopping 43%. Albertsons reported earnings of $342 million, up 14%. McDonald’s and Chipotle have raised their prices. Oil companies have also done very well, with BP announcing $8.2 billions in profit, Shell reported $9.5 billion, and Exxon reported $20 billion. It should be noted that wages have stayed the same here in San Diego. (NBC San Diego)
3. Pending home sales have dropped 49 percent in October, year-over-year. Rising mortgage rates have slowed the market here in San Diego. This rise in rates has resulted in higher monthly payments that have left some families shut out of the market. However, according to the real estate company Refin, homes here in San Diego are still selling faster than in other areas, with homes sold in approximately 26.5 days, down from 27.7 days. (La Jolla Light)

Today in San Diego:

• Baby Storytime — Logan Heights Branch Library. (11 a.m.)
• QR Codes Workshop — OASIS San Diego. (12:30 p.m.)
• Mindful Meditation — Scripps Miramar Ranch Library Center. (1 p.m.)
• Mah Jong Club — Carmel Valley Branch Library. (1 p.m.)
• DO YOUR HOMEWORK @ THE LIBRARY — Malcolm X Library and Performing Arts Center. (3 p.m.)
• Child/Parent Book Club — Carmel Valley Branch Library. (5 p.m.)

From my notebook:

• Down with graffiti! "Our Gang Intervention Unit hosted a graffiti and street clean-up at Kelly Street Park. Dozens of neighborhood children and their parents showed up to help clean their neighborhood. A walk around the area brought much positive change and a sense of pride to the children who helped keep their neighborhood clean." (San Diego Police Department via Facebook)
• Turf replacement rebate increase: "If you've been thinking of replacing your thirsty lawn with something more drought tolerant, now's the time to act. The turf replacement rebate has increased to $4.25 per square foot! Also, a new state law provides a tax exemption for customer funds received for turf replacement." (City of San Diego via Facebook)
• CalFresh foods: "We had the opportunity to roll out the first-ever, Inter-Regional Town Hall for our partner agencies in the Central, South, and East regions. Our partners learned the fundamentals about CalFresh Food that they can share with those they serve and encourage them to apply for benefits." (Feeding San Diego via Facebook)
• Author to speak: "We can't wait for next week's author talk featuring Shavone Charles just TWO ✌️ days after her book, "Black Internet Effect" goes out into the world! Interested? Register here for more information and to save your spot: sandiego.librarymarket.com/event/shavone" (San Diego Central Library via Facebook)
• Succulents — easy-care plants: "Looking for a great beginner plant? Succulents are the perfect plant to decorate with and then ignore! Only needing water when completely dry, this plant needs plenty of bright light and a little neglect, rotate every so often for even growth and watch your plant thrive." (San Diego Botanic Garden via Facebook)

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Events:

• Real Estate Investing: How to Cash Flow $100,000+ a Year Tax Free! (Nov. 9)
• Quince & Bridal Festival. (Nov. 13)
• Jazz at the Ballroom Presents "HOLIDAY IN." (Dec. 1)
• Drug Rehabs San Diego Grand Opening. (Feb. 28)
• Add your event

Now you're in the loop and ready to head out the door on this Monday. See you all tomorrow for another update!

— Bettyann Pernice

Have a news tip or suggestion for an upcoming San Diego Daily? Contact me at sandiego@patch.com