simon hobbs is my partner today and standing by at the nyse. hi, simon. good afternoon, sue. when the markets are in wait and see mode, we begin with hurricane isaac. made landfall in southeast louisiana with torrential rains. we have team coverage, meteorologist todd gross is tracking the storm. brian shactman is in new orleans. and sharon epperson is at the nymex with the impact the storm is having on oil prices. brian, let s begin with you. when s the latest where you are? reporter: well, simon, where i am, we have settled in to a consistent and constant rain here in new orleans where a majority of the people reman without power. in all, louisiana has about 500,000 plus outages but this sort of not necessarily a lull but a chance to reassess of what s going on, turns to oil and gas situation. there are reports offshore, no major damage to rigs and platforms and the department of energy just released its latest count in terms of refinery shut-ins. five shut in worth abo
$29.52 an hour plus it will be paid retroactively from july 1st. on the same day drivers razors were approved the city announced a town $15 million to restore half of the service cuts made in may. the drivers union has refused to take a pay cut so the city cut service on public transportation 10% leading to longer waits and more crowded buses. the drivers raises will cost the city about $14 million a year less the city also needs to come up with another $7 million to restore the rest of the service that was cut. reporting from san francisco to thompson kron 4 news. the two agencies muni bases its salaries are this and clara valley transit and boston. santa clara transit of raising $20.86 an hour, boston offered me $30.18 an hour. all what producer kimberly sakamoto has been keeping an eye on all the comments about the muni pay raise. the move on our face book fan page is that of frustration and an anchor. first off from dallas he writes rewarding operators for bad attitudes a