Good monday morning, everyone. Its been a busy overnight hours for us. Were following several breaking news stories starting with the epic floods in southern louisiana expected to get worse today. Overnight the number of people being rescued nearly tripled in size to 20,000. Parts of the area received over 20 inches of rain since friday. And this new video, take a look. A boat full of people making its way through a flooded street. Only car roofs peeking above the water. Abcs ray raimundi has the latest. Reporter this drone video giving a snapshot of parts of baton rouge, louisiana, submerged underwater. I roger that. Reporter u. S. National guard helicopters swooping in to rescue this man and this little boy from the rising floodwaters, just 2 of the more than 20,000 rescued in southern louisiana. The federal government officially declaring louisiana as a major disaster. Obviously this remains a very flooding, and it remains ongoing. Reporter cars submerged underwater. Im going to bre
Good monday morning. Its been a busy overnight hours for us following several breaking news stories starting with the epic floods in southern louisiana. Expected to get worse today. Overnight the number of people being rescued nearly tripled in size to to 20,000. Parts of the area received over 20 inches of rain since friday. A boat full of people making its way through a flooded street. Only car roofs peeking above the water. Abcs ray raimundi has the latest. Reporter this drone video giving a snapshot of parts of baton rouge, louisiana, submerged underwater. U. S. National guard helicopters swooping in to rescue this man and this little boy from the rising floodwaters, just 2 of the more than 20,000 rescued in southern louisiana. The federal government officially declaring louisiana as a major disaster. Obviously this remains a very serious event, a historic flooding and it remains ongoing. Reporter cars submerged underwat underwater. Dramatic rescues like this. Get my dog. Your dog
Woke up here at childrens hospital, asking to see his brother. They havent told him he didnt make it. When we heard about this, it was unbelievable for us. Sheryl mills says theyre a big family. Their hearts heavy, mourning the loss of trey hale and Demetrius Batchelor junior, a growing memorial next to the tree where away. So young and so full of life. All we need is the community to pray for us. Mills says the 17yearold driver just got his license. Its unclear what happened in the seconds leading up to fridays crash. Investigators say speed was a factor. Brigham tamillo heard the impact and ran out of his home to help, but there was nothing he could and half, separated. There was nothing left of the back. Saturday afternoon, debris still scattered two teens , missing from a crowd of family and friends. They wont be soon forgotten. We get a chance to support one another and love one another. Police are still investigating the crash. Its unclear if the driver will face any charges. In
The regional fed banks said companies in their district had trouble filling low in retail and construction and also hire skilled jobs in engineering, accounting and information technology. Wage growth remains the big question mark given the fact increase ad an an increase in Hourly Earnings per at which pressures were stronger in new york, st. Louis, minneapolis and san francisco. In the industries where labor is tightest, kansas city and st. The fed beige book is about anecdotal information. It is highly anecdotal, which is why the fed leads us grasping at words such as modest and moderate. Donterical terms come we know what that means. That is the point behind this report. The few gaps here and there, the anecdotes signaled that the domestic economy is gaining strength. Improving. We see that in prices and wages and Economic Growth. It is only the domestic picture it does not say anything about what is happening outside the country. The external risks the fed has highlighted. That is
Quarter. It also comes against the backdrop of several major speeches by reserve officials this weekend. On friday the governments always important employment report. Oh, yeah, there are still those pesky head winds bedevilling stocks. Oil price, political risks and more. The path forward for equities could be rocky. Reporter overall the stock markets given people a roller coaster ride for the first few months of the year. Now that were trying to close the books on the First Quarter we have seen a will the of different warning signs coming up. Markets got off to the worth start in history for the u. S. Stock market and have rebounded a lot since then. Lets take a look at why some traders and investors are a bit worried about whats going to happen in the coming months. Theres way too many to put on our wall behind us. I want to show a few of them that are getting a will the of attention. On the currency side of things, its not something we often talk about, but corporations will be talk