Tbhat hammas and the u. S. Hurricane dorian is expected to arrive sometime tomorrow. This as the bahamas got hit with the most of powerful hurricane in history. Category 5. Wind gusts up to 220 miles per hour. A 27foot storm surge. Its highest point is 40 feet above sea level. In the u. S. , five states in a state of the emergency. Florida, georgia, south carolina, north carolina, and virginia. Millions urged to evacuate. 25 billion in damages. Thats the estimate of the cost of this storm. But those jumps typically change. Mike tobin is live in tybee island with more. Reporter the last we heard from the governor of georgia, hes trying to address the people who arent taking this storm seriously. He says the storm will park itself offshore and dump water on this part of the country for 2430 hours. So the Evacuation Order remains on the beach. You can see a lot of people who are not respecting the Evacuation Order. Some people are taking a nap. Others are playing out in the water. Most of
Pounding grand bahama island. At least 20 are injured, streets are flooded, many residents documenting the terror on their phones. Every room in this house had windows blown out except for right here. Hurricane dorian is expected to start moving later this morning in north, North Western direction, people in florida are ready for that, most have spent days boarding up their homes and preparing for this hurricane, some days more in a rush to get supplies, other days when the some track caninged or stalled the urgency seemed to subside, stores became a little less crowded, some areas in Palm Beach County are under mandatory Evacuation Orders, shelters are opened and some people are taking advantage of that but at the same time some worry unpredictability of the storm, the slowness of the storm is causing residents to let the guard down, here is the mayor of West Palm Beach. I just fear that people would be complacent and let the guard down and we cant get that happen. Hurricane warning i
Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
Earlier on, up by 4 10 of 1 . Not the reaction draghi would have been looking for. The banks initially traded higher here in europe. Draghi is talking about tiering. The banks have wanted to talk about this for quite some time. The banks completely turned around, as did european equities, now down by 4 10 of 1 . Vonnie it is mainly about earnings in the united states, so to give early fx and bond traders watching closely so particularly fx and bond traders watching closely. Earnings. With the cofounder is leaving, but also it is losing 1. 12 per car sold. That really didnt endear itself to investors. The stock is down 13 now. Ford having a pretty negative quarter, its turnaround strategy hitting the pause button. It is down 7 . Bank takingcentral down the Interest Rate by 425 basis points today, indicating there would be more cuts to come. The Interest Rate is still almost 20 , but traders seeing an opportunity for carry here, and that has the lira stronger. Guy lets talk about the ecb