Reporters. I have got records on my mind. We may not have a record high for the s p hundred, but we do have a record high for the s p 500 utilities sector. Take a look at the time of 1. 8 . A record closing high as yields have been down for days in a row. It may be worrisome. This is a defensive sector. You have investors going and while the broader sector is going into a record high. Relative to longerterm charts, what we are looking at is the valuation spread between utilities and the s p 500. From 1990 to 2005, we had the s p 500 valuation trading richer than the utilities sector. The Defense Sector took off. That was true during the crisis, and we also had issues in 2011 where utilities took off. Once again, trading at a richer evaluation in the s p 500. Closer to a record. Something to think about for a possible turndown at some point in the future. For me, it is about the ipo market. Dog,ll take a look at data settling around 37. In spite of the tight 40 per share, this is after
An awful lot of stuff. Kevin is a world war i reenactor and new york city tourguide, so you have seen him around a lot. He is also a member of the world war i Centennial Commission for new york city. Please welcome Kevin Fitzpatrick. [applause] Kevin Fitzpatrick thanks, kathleen. Thank you so much. I want to thank the New York Historical society for inviting me tonight to speak and to congratulate you on a fantastic world war beyond the trenches exhibition. I want to thank you all for attending tonight. Of my seven books that are tied into new eric city history in some way this was the first one d me to exploree all five boroughs to great depths. We have 80 miles from brooklyn to queens, i went to visit every world war i monument as i could. I have been in many neighborhoods. How many people here have been to the one in williamsville . Travis, Staten Island in the house. Brownsville, never visited, but so to see Triangle Park and the jewish names on that memorial was really powerful. T
University hospital on the east side of the city when that facility lost power forcing the evacuation of hundreds of patients just as the storm was at its most severe. Rehema ellis is there covering it for the last several hours. Whats the latest . Reporter chris, i can tell you its an eerie scene where you go up to a hospital and theres just row after row of emergency vehicles of ambulances, theyre not there dropping patients off for care, but they have lined up to pick up patients. More than 215 patients and transport them, evacuate them from the hospital to another facility. Transporting them because as you say, they have lost power in this area. New york citys mayor Michael Bloomberg talked about there are massive Power Outages and flooding in the area. You can see the lights behind me but when my cameraman will pan up a little bit, take a look, you can see the traffic light but the power is out. Imagine what it will be like in the morning if we still do not have power and people d
Destroyed at least 50 homes. Thats 50. In new jersey, Atlantic City was largely submerged and cutting it off from the mainland. Up and down the new jersey coast, communities are seeing significant flooding. Downto downtown hoboken and jersey city seeing water in the streets. We talked to the mayor and she said perhaps 50 of that city is underwater. Some shoreline residents in connecticut are stranded in their homes and the National Guard has been called out to rescue them. The storm damaged property from stonington to greenwich. In delaware, the storm wiped out beaches in several communities and Rehoboth Beach and dewey beach, thousands of people were evacuated from wilmington and delaware city. Now one final word, there is some word that the potomac river, specifically the area between hancock, amaryland and washington, d. C. , could begin flooding to night. The National Weather service says it could be worst flooding that area has seen in 16 years. Nbcs Michelle Franzen is at Battery
Hundreds of patients including infants from the Neonatal Intensive Care Unit after backup power failed. More on that incredible story in just a moment. First, lets go up to bill karins for the very latest on this storm. Bill, where are we right now . Were about 95 done with all the damage that this storm has produced. And, again, the majority of it was last night at about 8 00 p. M. As we had the high tide cycles right along the jersey coast. Of course, with those gusty hurricaneforce winds that we dealt with all yesterday afternoon and evening. But i still have concerns this morning. We have the next high tide cycle approaching areas that had the devastation last night. This will not be as high. The storm is a little weaker, a little further inland. It will be much higher than normal. Well have more minor damage occurring at this high tide cycle. The next one in new york city down by battery park is just after 9 00 a. M. This morning. It is not expected to be high enough this time to