Working at full capacity since the 2005 devastation of hurricane katrina. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am emma chandra. This is bloomberg. Best of Bloomberg Technology Bloomberg Technology is next. Emily i have emily chang and this is best of Bloomberg Technology. To runedia won the race it over. Amazons whole foods opens for business by throwing prices on the chopping block. We will discuss what the lower prices mean for the competition. There might be a wall between President Trump and silicon valley, that the administration is going all in on cybersecurity. We will break down the plan to up the ante against hackers and militants in the cyberspace a new c. E. O. Picked in a statement obtained by Bloomberg Technology, barry diller says if he does leave it will be to my great regret but also my blessing. Shares of expedia fell about 4 on the news. Criticaker and outspoken of trump beat out competition from m
99 for a case of water, thats the type of price gauging that the attorney general is seeing in the state. Hell join us to tell us how hes cracking down on all that have. And next hour President Trump is likely to address this catastrophic flooding in a News Conference with the president of finland. Well bring you that live as soon as it begins. But we start in texas. Contessa brewer is in houston with the latest on the flooding and Brian Sullivan is in galveston with a look at how Hurricane Harvey is affecting refineries contessa, well start with you. Reporter the bayou has overflowed its banks, normally parkland, and this Historic Building here was due to be completely renovated by fall of 201. As you can see, they will probably have to go back at t. Houston at this point is mostly a ghost town. Businesses shut down, employees stranded there are some 3 Million People who work in the metropolitan houston area most of them i would guess are out of work today because the roads are simply
Can. Tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. Most of the refineries are about three, four miles that way a bunch of them are shut down. An estimated, lets call it 15 of Refining Capacity offline we dont know exactly for sure, marathon petroleum, for example, was cagy, said we dont give updates. We drove by the refinery today there wasnt many cars around. Thats why were seeing oil drop because if youre not refining, youre not putting into oil. Theres another angle for you and the traders which i would talk about which is onshore. Houston is a humanitarian issue. Thats a whole bigger different issue. Lets focus just on the narrow issue of refining. We talked about oil here dont forget about the Eagle Ford Shale and inland. Its not getting headlines now because of whats happening in hust houston however, seaport security are hearing there are slowdowns in production or disruptions in production beca
Days. And there is concerned that underneath the surface of the water are the bodies of people who did not make it out in time. It began as a hurricane, it is now a disaster in every sense of the word. More heavy rain is expected in houston and the gulf coast of texas over the next 24 hours. Some areas have already seen 30 inches of rain and another 10 to 20 inches is expected before the skies clear later this week. Texas authority say the eight people are feared dead from the storm and massive flooding. Crews of conductive at least 3000 rescues by boat and by air. Dozens of others are still stuck in their homes, waiting to be rescued. The Houston Convention center exceeded its 5000 person capacity tonight and is now a 7000 evacuees. Red cross spokesperson says there may not be enough caught for everyone. Thousands of additional evacuees are staying in smaller shelters, President Trump is planning to head to texas tomorrow. We have life Team Coverage tonight in the bay areas response t
We are downshifting on those temperatures for a couple of days. For those of us who still drive a stick shift and downshifting lets take a look at the community. Westbound 580 is going to be slow. That looks like first gear all the way, maybe second gear at most on 580 and 205. You wont actually make it out to regular speeds until you reach the city of livermore and into pleasanton. Looking at interstate 880, traffic is good. Steve mentioned a closure on the bay bridge which was closed about a half an hour ago in both directions for the filming of a movie. Now, all lanes are open. Some parts of texas have been hit with feet of rain and it continues to fall. 30,000 people are in shelters. Another 30,000 are expected to need places to stay as the rain continues. The report sound like a lot of numbers but there are human faces and stories behind each statistic. I plan on staying here for as long as they let us stay here. We are still breathing. But it humbled us. It really did. If nobody