In the Atlantic, conditions remain unusually calm with no significant tropical waves and models that don't show much happening over the next week. A tropical storm named Kiko will pass well north of Hawaii today and the main threats will be large waves and rip currents.

Forecasters warned that swells from Hurricane Kiko could reach the Hawaiian Islands by the end of the weekend and cause life-threatening surf and rip currents.

For all of the natural and human-made hardships the U.S. west coast must endure—earthquakes, droughts, wildfires—it is generally spared hurricanes. Even as two new named storm systems—hurricane Kiko and tropical storm Lorena—currently churn in the Pacific Ocean,

Five people were rescued from the Pacific Ocean near the pier in downtown Oceanside after getting into distress. The rescues come amid a high rip current risk at San Diego area beaches, with 3 to 5-foot waves.

Australia's Pacific Current Group said on Wednesday it received a non-binding indicative buyout offer from global fund manager GQG Partners, valuing the firm at A$567.3 million ($359.04 million).