Is slowing down which presents even bigger problems such as the wind. For instance, take a listen to this. These kind gusts are getting quite intense. Some people are going to feel hurricane horse winds for 24 hours, Tropical Storm force winds could last for three whole days and then theres the rain. Take wilmington, North Carolina. It could get eight months of rain over the next three days and shatter its alltime rainfall record. We have folks here on the coast and in the Severe Weather center. Ill start with Diane Gallagher in newburn, North Carolina where waters are already starting to rise. How fast and how quickly are conditions escalating . Reporter jake, were starting to get pretty Severe Weather. At this point weve been dealing with flooding the past few hours and the wind and rain is kicking up. To give you an idea of how fast the water has been rising, where im standing now, it was up to around my ankles or so about. I was initially around 1 00 p. M. Out there where gates are
Standing his ground after defending his administrations puerto rico response with another disaster on the doorstep. So is the new trump standard for success a death toll that approaches 3,000 . To our viewers in the United States and around the world from bordeaux, South Carolina, to bordeaux, france, welcome to the lead, im jake tapper. We start with a stark warning now about Hurricane Florence. The category 3 storm, just a day away from hitting the east coast of the United States. The time to prepare is almost over. Disaster is at the doorstep, and is coming in. This storm threatens life. Hurricane florence seemingly taking direct aim at the carolina coast. And once it makes landfall, get ready for another disastrous problem. Forecasters say the storm will essentially come to something almost like a stop, moving only two to three miles per hour. Thats like a brisk walk. Some coastal areas could get hurricaneforce winds for more than 24 hours, and more than 3 feet of rain. Not inches,
And they are fleeing these risky as assets and fleeing stocks and looking for cover in other parts of the market like the bond market and that is causing the phenomenon you just described which is the inverted field and which means it cost more for a borrower to borrow over a shorter amount of time and if you take a look at this chart, recessions have followed each time weve had an inverted yield curve. This is very troubling to the market. It is this rush to safety that has investors particularly concerned and, by the way, investors also digesting the fact that the dealmaker in chief may not be able to get to a deal with china. That is put up paralysis on business from the ceo of a Multinational Corporation down to the iowa farmer. They cannot make decisions without knowing where this trade war is going and they dont know where that is right now, jake. Christina learna at the new york stock exchange. I want to bring in Global Economic analyst ranna fara and ron from moodys analytics.