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
Yellen uses the familiar word patience. She is always parity. Always patient. She laid out the process for raising rates in coming months while praising the economy. Listen. If Economic Conditions continue to improve, as the committee anticipates the committee will at some point begin considering an increase in the target range for the federal funds rate on a meeting by meeting basis. Before then, the committee will change its forward guidance. She is riveting. Yellens comments reenergizing markets. The dow and s p hitting new highs around on track to record levels. Im joined by charlie gasparino, monica crowley, online opinion editor for washington times. Fox news contributor. She is very business civil john lonski, moodys chief economist is with us as well. What did you make of what she said . She is listening to the market. The market doesnt want a rate hike anytime soon. Melissa no kidding. No threat of high every inflation. The hard to believe the zero percent fed funds rate has b
Well talk to the mayor of new bern North Carolina on rescue efforts. So far florence claimed at least seven lives including a woman and her baby who were killed when a tree fell on their home. Nearly a Million People are without power at this hour well have an update from the regions major Power Company welcome everybody glad to have you im neil cavuto and were keeping track of all of this as fast as we can. Jonathan siri in a hard hit writesville beach, North Carolina. Jonathan . Reporter hi, neil were still experiencing some winds, but the good news is that theres really no structural damage. No major structural damage to talk about. Were seeing relatively minor damage. Take a look at the bottom floor of this condominium complex like many buildings on this island its actually built on stilts to protect the living quarters from any type of storm surge and so this building remained intact, but down here is some minor damage these wood panels were knocked over in the Hurricane Force win
Pummelled by this is the intercoastal way. Im trying to show you as you look out here in the distance, one of the Barrier Islands. In this case, that Barrier Island is hutchison island. This storm surge, these waves are coming across the sea wall. Weve been showing people today this storm surge. Its four to seven feet. Its coming across because of dorian. Its 115 or so mile, maybe less now, but not much. In the outer bands have been coming all morning long. Theyre going to continue most of the afternoon. That Barrier Island there brings us all sorts of situations where it is low lying and there is flooding. You can see the flooding here [ inaudible ] we can report that one st. Lucie county deputy was injured. He was hit head on. He was in an humvee flood surveying vehicle. A drunk driver decided to not heed the recovering. He is okay. Officials really hope residents will stay off the roads until these squad squalls and dorian has left the area. Dana now lets head 75 miles north in coco
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