Oil and gas this morning, you have a drop in oil prices. Gasoline prices have hit a twoyear high following not storm. Futures are showing this common stocks to start the new weekend. 18point loss on the dow futures come a loss across the board. In europe, stocks are heading lower as well. Losses at the biggest loser being the dax in germany. In asia overnight, markets mixed. We had games on the hang seng in hong kong and shanghai 1 . Breaking down the board vote in the richer task of juggling faces a hard. So much more this morning. Come and morning. Come and enjoy the music pollster ed the same ski partner and editor we will be breaking down the business impact. A lot of terrific guest coming up this morning as well. Retired Army Lieutenant general Hurricane Katrina joint Task Force Commander russell honore. Retired Lieutenant Colonel allen west and attorney general of texas, ken paxton. This gentleman will all be here. Right here right now, catastrophic flooding in houston. Tropical
He is involved with risk and uncertainty management and president for the Insurance Institute of new york. Good morning. We are good glad to be here to start, wear you remind your viewers the purpose of the program and why we havent the Insurance Program which has been in place since 1 1968 has a purpose is to provide coverage to otherwise would be unable to obtain insurance against the disaster ofer flooding. Historically, a Flood Insurance is not been generally available through the private sector. A new situation. Again its been around for half a century. Today, this dayri and age is the debate about how it should be structured going forward. Should the private sector play a greater role, but currently theres 5 Million People across the country insured in larger shares of them in places like florida, texas gulf coast and other areas that are prone to flooding, especially flooding that occurs on a regular basis. As far as specifically, does the federal government take all of the risk
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
That was probably the most intense experience on the ground of being in the community, still very divided over that. I hope i can get to that as well. First a guessing game. This is somebody who said a lot of things that i think people have forgotten, including me. So who said that . Isnt it fun to be told that youre going to be tricked . Come on, suckers. Come on. Essentially. It is in your reading. You did. I said that . No. No. But in fact, it is so much something i could have said because the public lands are theyre the core of the way the federal government grows. Thats one of those bedrock reasons for saying the west and the westward expansion is key to the growth of the power of the federal government. So i felt that. [ inaudible ] no. Though he would turner . Yes, yes, yes. I was going to say ive sat at his desk. Matt got it. Frederick Jackson Turner said that. I am he is totally benefited from you folks being here because i reread the significance of the frontier of American H
Reporter a celebration of military men and women is about to kick off. I want to show usable here at christie field, they have been waiting for this to kick off, but it has not really started just yet. Was going to kick this off is the Navy Parachute Team leapfrog, that will be jumping up in just moments now. That elite team is dedicating the jump to them team member, remington peters, who was killed in new jersey where his parachute malfunction. Today, they are hoping to honor his spirit as they take a lip leap over the water. Now, folks can catch the show every day, some of the best places, marina green, or right here at crissy field. Earlier today we saw the parade of ships an hour ago. Thats when navy ships and a coast guard cutter and the San Francisco fire boat passed under the golden gate bridge. The ships include the essex, champion, u. S. Coast guard stratton, and canadian navys winnipeg. Its a spectacular show of patriotism and celebration of the u. S. Navy. Since 1981, San F