Clap a good monday morning. Im diane macedo. And im nick watt in for kendis gibson. We begin with hermine battering beaches and causing dangerous conditions on this labor day. Tropical storm warnings remain in effect for parts of new england, but overnight they were cancelled for new york city and points south. Heres what the storm left behind on long beach island, new jersey. Huge waves caused so much erosion they essentially carved a cliff right into the beach. Right now on radar hermine is a posttropical storm hundreds of miles off shore with near Hurricane Force winds. Abcs maggie rulli is tracking the storm and the damage its causing. Reporter hermine continues to batter the northeast. You can feel it in the house when the waves hit the pile and shake. Reporter now a post tropical cyclone, the former hurricane is churning up dangerous waves and potentially life threatening rip currents. Life guards have been very careful with keeping people out of the water. Reporter governors alo
Clap a good monday morning. Im diane macedo. And im nick watt in for kendis gibson. We begin with hermine battering beaches and causing dangerous conditions on this labor day. Tropical storm warnings remain in effect for parts of new england, but overnight they were cancelled for new york city and points south. Heres what the storm left behind on long beach island, new jersey. Huge waves caused so much erosion they a cliff right into the beach. Right now on radar hermine is a posttropical storm hundreds of miles off shore with near Hurricane Force winds. Abcs maggie rulli is tracking the storm and the damage its causing. Reporter hermine continues to batter the northeast. You can feel it in the house when the waves hit the pile and shake. Reporter now a post tropical cyclone, the former hurricane is churning up dangerous waves and potentially life threatening rip currents. Careful with keeping people out of the water. Reporter governors along the eastern seaboard are taking merge preca
Oil falling back after yesterdays rally and the biggest inventory draw in 17 years. Our road map begins with outrage over wells fargo. The bank settling a fraud case that said employees issued debit cards and transferred funds. Twitter shares down after a 6 drop yesterday. The Board Meeting. We will give you the details. And more fed speak sending futures lower. Shaking things up. Speaking of which, stock futures are lower. The boston fed chief saying a reasonable case can be made for hiking rates. He says low rates increase the chance of overheating the economy and that not tightening could shorten the recovery. He is a voting member, jim, and historically relatively dovish. Right. I think this is again trying to prep everybody theres a rate increase coming. Ive been saying that. Thats why the bank stocks have been acting well. We will have to talk about wells. That is the biggest. This is par for what theyre thinking about, not looking at the employment number or retail sales. No exo
In the might be team take a look at what happened overnight in asia. Right now, asia closed up just slightly. The shanghai comp was down slightly. The hang sang up. 30 . Europe in the the early trading right now. See red arrows across the board. These are declines. Pretty mad rat. Basically a quarter percentage point decline across the board. If you check out crude oil prices big thing to watch yesterday. Crude oil up jed yesterday. Biggest jump in five months. After we saw that confirmation of the drawdown that had been suggested the night before, you see right now wti giving back a little gain. Decline of. 51. Breaking news out of north korea overnight that could be ralting markets this morning. The country claiming to have successfully tested a Nuclear War Head in what may have been most powerful detonation ever. South korean said it was the fifth test and had the impact of a ten killton explosion. President obama was briefed on that test aboard air force one. He said any provocativ
Investigation. We meet some survivors of japans devastating earthquake and tsunami five years on. The european refugee crisis claimed yet more lives, five people including a baby have drowned as the boat they were in capsized while they were trying to make the dangerous crossing from turkey to greece. This latest tragedy and so many others will be weighing on the minds of these men, the european interior ministers currently meeting in brussels. Theyre considering the plan to return ref jeers and migrants from europe back to turkey, and the decision by some of the European Countries to close their borders completely to refugees, leading to this sprawling tent camp on the greek side of the border with macedonia. Its reckon that had up to 14,000 people are struck there with conditions steadily worsening. We have the latest from there. The conditions are getting worse by the day. Yesterday, we were walking it appalling, today there is no word to describe it. You see behind me now, it might