When people feel fear, they rush for safety. We had the yield on the tenyear below 2130 earlier today. Selling of stocks across the board. The dow down 117 points off just slightly yesterday. That is half of 1 . The biggest and hardest it is then not back down almost 1 this hour. In europe, losses across the board as well. Heavy selling in england, france, germany being the hardest hit, 1. 5 right now. Asia overnight, markets mostly lower. All of that and so much more coming up this morning. With me all morning long, fox news correspondent lee gabriel. Wall street economics editor Jon Hilsenrath and democratic strategist michael star hopkins. Welcome one and all. To you first come of this missile test is not the first time north korea has shot a missile over japan, but again, this is a different situation given the fact we know that its nukes have been miniaturized. Absolutely. The last time was in 2009. They said it was a satellite they are launching them. This basically into three pi
If either of these reservoirs were to breach their berms, look what is out there . 3,000 homes and residences out there, all in jeopardy. That is what is threatened at this hour. Already water is going out the spillway, crossing what is route 6 out there. That road out there is route 6. Already water overbreaching that. And headed into those homes. Theyre hoping though, that is as bad as it gets. It is pretty bad. Well show you next hour what that looks like. For now, it holding. They hope it continues to hold. Neil jeff, thank you, very, very much. By the way to jeffs point, it rice it is really not just houston but Hillary Vaughn is here. Hi, hillary. Reporter they got off one of people just rescued. They were waiting since 4 00 a. M. For a response. What did you feel waiting for the rescue crew . Obviously keeping the girls safe. Luckily were in a second story home. We hunkered down there. We wanted older neighbors to get out first. Were ablebodied, so. Reporter what did you decide
And growing. The mayor promised more shelters will open and has requested more cots. A pair of Old Reservoir dams are now overflowing their levees adding to the rising flood waters. The flood gates are releasing water at twice their normal weight trying to leave the pressure. Five consecutive days of rain has set a new record. One station reported over 49 inches of rain as of tuesday morning. More than a trillion gallons have been dumped here on top of Harris County and to give you some perspective what all of that means, its enough to fuel niagra falls for 15 days. Countless neighborhoods in and around the city remain under water. Civilians are using their own boats to get to those stranded. Boats to gete caught a happy rer earlier today. Just talking to your sister here. I cant believe this. I just love these reunions when you get a chance to see families reunited. Take a look at this rescue posted by houston residents. Her neighbors formed a human chain to help get a pregnant woman
The president will bring a promise of money, manpower and the military. The gold coast needs at all. North koreas blatant provocation. Japanese people woken up by a red alert from broadcasters. Take cover at the north korean Ballistic Missile flew up ahead. The south Korean Military has responded with a live fire precision bombing run close to the north. No military response from america at this point. The president has not taken it off the table. I mistake on either side risks were. Investors dont like to hear that. Today they are selling. The dow opened sharply lower. But it is the human catastrophe unfolding in houston that is great the attention of the nation. Earlier in unthinkable forecast to 50 inches of rain, the still rising floodwaters and directly from people who have lost everything. Varney company is about to begin. Lets get right at it. The flood of biblical proportions. Jeff flock on the ground in houston. Am i right in saying the water levels are still rising . Reporter
The Recovery Efforts from Tropical Storm harvey. Theyre speaking to a crowd in Corpus Christie. This has been a total cooperative effort. Again we will see you soon. I will tell you this is historic, it is epic, what happened but you know what, it happened in texas and texas can handle anything. Thank you all folks, thank you. Cheryl the president making comments in corpus. They arrived in the capital city of austin. They will be briefed on Disaster Relief efforts across the state. Well take you live for that previousing during this hour. This is all happening as more than 40, almost 50 inches of rain hit parts of state. This is the most rainfall from one event in u. S. History as louisiana braces for impact. There is new details on another big story were following. North korea, in another act of defiance launching a new ballistic missile. The president says all options are on the table, ashley. Ashley deep breath. Lets get back to the markets. The dow making a comeback ending up some