Need to watch that very carefully. Yeah, secretary buttigieg, 63, Address Fishing just said that is a major focus of his today and will be tomorrow. Matt egan. Thank you. Thank you, john. Great to see you. Brand new era of Cnn News central starts now about it. Were going to get hit and its going to be hard everybody out from milton. And were trying to get all the debris up from helene you cant take no chance at all. I know that this storm is the storm. What are you guys doing . Were actually saw about actually until friday, we were able to come out and do some rescues for families with kids that decided to try and hunker down and that was not a good idea. I hope that people learned from that and decided to leave. Once we leave, therell be no first responder here. If you dont take heed youre on your own update on Hurricane Milton is now out of this hour. The Monster Storm is a category four storm thats downgraded slightly from where it was as a cat five Wind Speeds are now up 100 now at
Long time and have experienced these storms many times, power you talking with them about how this is going to be different. And what and so the difference between what theyre used to and what this will be as a way to hopefully give them more encouragement to know that they need to get out you Thank You, Madam Vice President. Yes, weve been emphasizing the size and the intensity of the storm and the direction in which its approaching, which is unusual and really raises that Storm Surge Risk for the West Coast of florida we typically see hurricanes approach the West Coast of florida from the south or southeast, moving parallel to the coast. This track more perpendicular to the coast really raises the Storm Surge Risk. And the size of the storm is going to produce hazardous impacts across much of the peninsula. So weve been hitting the Surge Risk on both coasts. Actually, the Hurricane Force winds, the flooding, rainfall all threat to tornadoes and trying to reemphasize the Scale And Bre
Been cancelled, ahead of its landfall, which is expected to bring strong winds of up to 165 mph, 270 kph. Milton comes just days after hurricane helene tore through the southeastern us; 225 people were killed by the natural disaster across six states. The back to back storms are expected to leave historic levels of damage that could take years to recover from. Unlike helene, milton will only pass through florida on its way to the atlantic ocean, making the sunshine state the only one to be affected twice. President biden has postponed a trip to germany to oversee preparations and prepare a federal response. He urged those in milton s path to evacuate, calling it a matter of life and death. Our correspondent gordon corera sent this report from tampa in florida. An exodus from tampa. Long lines of traffic snaking out of the city tell you that the warnings are being taken seriously here. Florida is used to hurricanes, but the message has been that this time is different. The city is still
The issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn these futures around 7 one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. system. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, these bad property investments for a very long time but the banks need to have a better capital base to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects with a 1% return on assets. You need to get the
Fanning the flames. What can the government do? we talked again about the issues china is facing. Short of these stimulus packages, we don t know a great deal about where the money is being spent. Would you be looking for in order to try and turn this future is around? one of the big issues is the banking system is huge in china, it is loaded with bad debts. It s been forced to lend to bad projects for so long so the first thing to do is rescue the banks of this is something that the fed did after the financial crisis. Instead of giving them more money to lend and using that money to set up a fund, buy from them all of the bad assets and let them go back to a clean balance sheet and start over. The government can hold this bad debt, bad property investments for a very long time but the banks need to have better capital to start lending again and you need to stop forcing them to lend only to state owned enterprises which are not profitable and bad projects, bad infrastructure projects w