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Bucks or less, that s not a felony. that s just a misdemeanor. nick watt, cnn, los angeles. joining me now with how these smash and grab robberies are impacting retail, consumer and retail expert eta herzog. how much is this costing retailers? so, we re looking at around 759,000 per one billion dollars of merchandise sold. so for every $1 billion of merchandise, $759,000 of that is going to be stolen. now, you multiply that, we re expecting about a trillion dollars to be spent over the holiday season. we re looking at around $70 million worth of merchandise, potentially stolen, and nick had a point here, the felony thresholds are very, very they re much higher now. so these organized retail crime rings don t feel like they ....
Because the coastal shelf is shallow, we are expecting to see 25 to 30-foot seas closer to the coast because of the shallow. shallow doesn t get as high as 83 that you heard at the center. i guess that was reported yesterday. reid hawkins from the national weather service in wilmington, north carolina. stay safe. keep us posted. thank you. hurricane florence as the potential to be the most expensive to hit the united states. nearly 759,000 homes in the carolinas and virginia are in the dangerous path of the storm. that is early analysis from core logic. more than $170 billion to rebuild. that is $62 billion more than katrina. that storm cost $108 billion in property damage. these cost projections were made before the category two ....
That we re impacted last with hurricane matthew. a couple years ago. on the lumber river. and the pd river. so it s a double dose of that. when you look at the preparation that have been made. we heard the president touting them. did the federal government the agencies have done everything they can ahead of the storm? i believe so. the national weather service we have brought in extra people. we ll be around the clock and doing the best we can. and to provide information and warnings to the public. and provide help to provide safety to the people. all right. 24 hours until land fall. thank you so much. we ll talk again. we ll watch the updates this morning. hurricane florence has the potential to be one of the expensive to strike the united states. 759,000 homes in the path of the ....
Compassion. in america. that no matter who you were or politics people came together to help. and we had crowd source rescue want to facilitate the rescue and volunteering. thank you so much. busy 24 hours. and he s right. i covered hurricanes before when i ask why didn t you leave, the answer many times is i have no place to go and no money. it might sound cheesy. at a time when the country is divided, it was incredible to see last year during irma. and harvey. people coming together and helping. this has potential to be one of the most expensive to hit the united states. 759,000 homes in carolina and virginia. in the dangerous path of the storm. worst case, more than $170 billion to rebuild. land fall approaches wireless ....