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DO NOT PANIC - There is no tsunami or volcanic eruption at this time.
There has merely been an "event" in the Pacific Ocean off the coast of Oregon in the Cascadia Subduction Zone. This is a very rare occurrence with serious implications. It is worthy of very close monitoring by persons in the potentially-affected areas. This event is a potential warning of a POSSIBLE pending large earthquake on the west coast. There could also be an eruption at Mount Hood.
Folks in Washington, Oregon and northern California as well as in Vancouver, British Columbia, CANADA, should make certain they are prepared to take emergency action in the event a major quake does strike.