Around 10:44 am PST, a preliminary 7.0 magnitude earthquake shook the northern California and Oregon coasts. A Tsunami warning was immediately issued by the NWS Tsunami Warning Center encouraging residents along the coast to evacuate inland to higher ground.
By 12pm PST, the Tsunami Warning had been cancelled due to lack of observations of significant wave heights. Upon further review by the USGS, "The earthquake was primarily strike-slip, meaning two tectonic plates slid past each other. These types of earthquakes are less likely to cause tsunami because their movement is primarily horizontal with minimal vertical movement of the ocean floor."
Videos coming in to the WeatherNation news room show rumbling and minor damage. However, there are no reports of significant damage and not likely to be major economic impacts (see below).