Good morning, we begin with the breaking news and the new flooding emergency as harvey makes landfall moments ago. Its happening right now in the beaumont, port arthur, texas, area east of houston. You can see Tropical Storm harvey swirling over the region which got hit with 25 inches of rain overnight. A near record for a 24hour period and torrential rains along with neighborhoods underwater. Our station in port arthur is Live Streaming their coverage on facebook and people are commenting saying theyre trapped in their homes with nearly five feet of water and there are oreos of dozens of people who are also trapped in a bowling alley. Take a look at this. The port arthur civic center. This was opened as a shelter where people were supposed to come for help. That building is now flooded. You can see the cots surrounded by water as some of the victims are still inside with nowhere least 18 deaths reported there with emergency workers trying to reach more people stranded by water. Anothe
These are the words being described used to describe hurricane harvey, the largest rainfall in continental u. S. History. We will go to houston to get our petro etch a on the unfolding Environmental Crisis as Oil Refineries a and chemical plan release thousands of popounds of airbororne pollutants. Plus, we will speak with naomi klein. She has a message to the media talk about Climate Change. We will also speak with one of the worlds bebestknown climate ntists, dr. James theink the peoeople question people are asking is what is the impact on humans of this hurricane and there are substantial impacts on sea level , the amount of water vapor in the atmosphere and therefore the amount of rainfall, and also the strength of stotorms. Humans are already impacting all of those to a substantial degree. Amy all that and more, coming up. Welcome to democracy now, democracynow. Org, the war and peace report. Im amy goodman. In texas and louisiana, at least 30 people have died, more than 17,000 pe
European markets are well underway and as he has pointed out a number of times they have been of late for our own markets and there they are up across the board. Not bad actually. No, our futures being down is a function of idiocy. Idiocy how about the ten year note yield were right around 210. Yesterday. And also we know if you buy the banks you get some leadership rally and oil goes to 42 they still have no place to put it which is incredible given the fact that at one point we would be in a state of emergency but instead were in a state of glut youre going to pushing and theres not enough people in the refineries they get far earlier than people think. At the same time oil has to come down because its in storage and those that want to ship that oil will get it to the market somehow. The president said to speak on taxes later today. Expected to call the u. S. Economy quote rigged or at least the tax system plus its official warren buffet now the largest shareholder in bank of america
Long and nobodys ever seen this much water. Historic, after what happened, but it happened in texas and texas can handle anything. Trade to residents in the houston area but they welcomed flight. The sun finally rising go viral. Harvey continues to have an impact on the energy area. Reuters reporting the largest refinery in the United States shutting down due to the storm. This disruption could have a major toll on gasoline prices as they head to the holiday weekend. Right now one fifth of all u. S. Refining capacity is shut down and gasoline prices already a. Gasoline prices of 20 cents a gallon continued to rise. Features in the stock market are showing gains across the board on the dow futures after a nice reversal of the market yesterday. Blue chip of about 57 points in trading tuesday. The psyche of reading a secondquarter domestic product, our biggest reading on the economy divided it to the event eastern time could expect them to. 7 growth. Investors eyeing President Trump on ta
Rainfall in continental u. S. History. We will go to houston to get our petro etch a on the unfolding Environmental Crisis as Oil Refineries and Chemical Plants release thousands of pounds of airborne pollutants. Plus, we will speak with naomi klein. She has a message to the media talk about Climate Change. We will also speak with one of the worlds bestknown climate ntists, dr. James theink the people question people are asking is what is the impact on humans of this hurricane and there are substantial impacts on sea level , the amount of water vapor in the atmosphere and therefore the amount of rainfall, and also the strength of storms. Humans are already impacting all of those to a substantial degree. Amy all that and more, coming up. Welcome to democracy now, democracynow. Org, the war and peace report. Im amy goodman. In texas and louisiana, at least 30 people have died, more than 17,000 people are in shelters, hundreds of thousands are under evacuation orders, and all past u. S. R