Right now, it is cut off. Lone star state sharing in harveys misery, storm focusing energy to gulf communities around beaumont, near where it made landfall overnight, port arthur mayor said that the entire stathe encity surge wate. Is underwater. They were in water for up to 24 hours, tensions were at a high level when i came into the familiar from relatives and volunteers who came to try to tick them out. Reporter family members posting on social media, photos with looking for help. Across east texas, touching acts of kindness and bravery, these men, trapped for hours in trees, and this human chain to help a pregnant welcom woman who weo labor get to the hospital. And 24,000 National Guard forces will be on the ground in texas. Around houston, a sight for soggy eye, with the sun rising, fors say all of area waterways have crested, but search and rescue operations remain. Were still much in the Emergency Response phase. Of this historic storm. Reporter 21 people have been killed by the
Although we are still have much in the thick of the crisis. The bill for Hurricane Harvey is at a staggering 160 bi. Thats a quarter of our Defense Budget and that could be the starter path for the biggest, most of expensive storage in history. Hurricane katrina cost 109 billion. And there is bad blood stirring in congress over Hurricane Sandy flooding. Northeast legislators promise retribution is not on the docket. If the sandy package was bogged down with porky projects, lawmakers have a time to object. This is no time for emotional reaction. Relief should be as straightforward as possible. But i wouldnt put it past congress to make a bad situation worse. The people and businesses affected deserve so much more than the storm equivalent of obamacare. Im kennedy. If you have got a boat, we need it. Thats the urgent call for help from the mayor of beaumont, texas, as they deal with the worst flooding the state has ever seen. The entire city reportedly under water as harvey continues its
Away, population is 10,000, right now, it is cut off. Lone star state sharing in harveys misery, storm focusing energy to gulf communities around beaumont, near where it made landfall overnight, port arthur mayor said that the entire stathe encity surge wate. Is underwater. They were in water for up to 24 hours, tensions were at a high level when i came into the familiar from relatives and volunteers who came to try to tick them out. Reporter family members posting on social media, photos with looking for help. Across east texas, touching acts of kindness and bravery, these men, trapped for hours in trees, and this human chain to help a pregnant welcom woman who weo labor get to the hospital. And 24,000 National Guard forces will be on the ground in texas. Around houston, a sight for soggy eye, with the sun rising, fors say all of area waterways have crested, but search and rescue operations remain. Were still much in the Emergency Response phase. Of this historic storm. Reporter 21 pe
From the darkest moments. In the midst of this historic storm of the people of texas have responded with their very best. This could well be texas finest hour. Drain to the damage could wreak havoc on the busy travel season. Gas prices hitting a twoyear high as the nations largest field pipeline runs from texas all the way into new jersey, new york city even with temporarily shutting down its main fuel line from texas to new york because of outages. Turning to tax reform, President Trump calling on congress to get to work when they return to washington next week despite the push to many polls say americans are not confident lawmakers will get anything done. Futures are showing this in your market. Dow futures up 72 points. Much to miss them. Weve got the good reading on secondquarter Economic Growth coming in at 3 yesterday. The dow up 27 points yesterday and had he not at least the start of the last day of trading in august. Europe stocks higher across the board. Case in england, fran
Harvey struck and the dramatic rescues continue. Were live with the heroes volunteering to save flood victims as waters in some areas of texas continue to rise. Vice president mike pence touring the texas damage firsthand today. He will give us an update on relief efforts. Well take you there live when he begins to speak, ash. Ashley back to the markets. The dow climbing into the close. Lori rothman at new york stock exchange. Lori, doesnt matter what is happening, north korea, hurricane hair very, these markets are resilient. You said it ashley. Dow and record highs. Five consecutive months of gains for the dow and s p. Nasdaq chalking up two consecutive months of gains. We had good economic news. Obviously the data print taken before the devastation of Hurricane Harvey and gulf coast. Gdp print of 3 was awesome of course. Then today we had a couple of data points on initial jobless claims. That helped keep markets in the green today. Lets look back at the month though. Here are binne